Online education provider UpGrad has launched an entrepreneurship programme under government's 'Start Up India' initiative to provide insights into areas like validation of ideas, funding and legal framework for new businesses.
Moneycontrol had earlier reported that a five year tax break for startups might be announced this union budget.
Freecharge CEO Govind Rajan also talks about strategic investments in Freecharge and how the wallet has grown post demonetisation by government
The startup will tie-up with bars and restaurants and connect their screens to a cloud-based device through which advertisements can be relayed. The startup will sell ad slots based on real-time data on the number of customers in the pub or the restaurant.
Earlier this month, county‘s largest lender SBI also blocked online transfer of money to e-wallet majors such as Paytm, Mobikwik and Freecharge citing similar concerns.
Economic Affairs Secretary Shaktikanta Das today asked Amazon to desist from being flippant about Indian symbols and icons, cautioning it that "indifference will be at your own peril".
Amazon.in will create well over 7,500 temporary jobs for its upcoming sale, and these positions will mostly be in logistics to ensure smooth deliveries.
OYO is planning to expand its footprints in South Asia and South East Asia, besides strengthening its service by introducing a concierge service called OYO Captains.
Encouraging small and medium enterprises (SMEs) to list on its platform, NSE has said listing will help such companies raise capital for their growth and provide visibility.
A year after launch of PM Modi‘s â€˜Startup India Campaign‘ curiosity has been built around what the budget 2017 will offer even as digital India has become a buzzword for the current government.
The company also plans to venture into the property management and home furnishing segment in the near future, the statement added.
â€œGovernment regulations should be broad in order to ensure companies don't create alternate channels to subsidise and incentivise in excess of the revenues collected from customers,â€ the report recommended.
Krishnamurthy was named CEO on Monday, while co-founder and outgoing CEO Binny Bansal moved into the new role of group head.
Globally, businesses and entrepreneurs are getting a clear message â€“ fall in line (with the new regime) or fall out.
As India's hyperlocal logistics sector sees shutdowns, food tech startups have started buying their own bikes to deliver your pizza and burger in time.
Kothari will work alongside co-founders, Kunal Bahl and Rohit Bansal, in this role and will be joining Snapdeal on January 16, 2017.
Housing‘s merger with PropTiger and Flipkart board‘s replacement of its cofounder CEO have a common thread - investor play.
Even as New York-based investment firm took a bold step to replace founders from the CEO position in its biggest Indian bet Flipkart, here is a look at how Tiger Global's other startups are faring in India.
In an e-mail to employees, Co-Founder and Group CEO Binny Bansal said that one of his key tasks is to see the IPO through.
While Housing.com's former CEO and cofounder Rahul Yadav questions the usefulness of the company‘s merger with PropTiger. Current CEOs of Housing and PropTiger emphasised merger synergies to Moneycontrol in an interview.
The merger will provide customers with complete hand holding - right from search and discovery on the Housing platform to transaction fulfillment which includes site visit, registration, help with documentation, and home finance.
Investor control could also mean a consolidation for Flipkart may be on the cards in 2017. However, if more Indian founders lose control over their own startups, it would mean a lack of trust of foreign investors on abilities of Indian entrepreneurs to turnaround e-commerce companies.
Easier exit norms for founders, simpler rules for government supplies among measures being examined; Commerce & Industry Ministry pushing for service tax exemption for startups; more funds for Atal Innovation Mission likely
As part of the transaction, REA Group Limited will invest USD 50 million in the joint entity with an affiliate of SoftBank Group Corp, investing USD 5 million.
The move by board to replace CEO Binny Bansal CEO with an investor nominee Kalyan Krishnamurthy will mark an end to an era in India‘s flagship unicorn which was till now being run by its co-founders.