Page 73 - Company - Start-ups - News

Milk delivery start-ups get millions in VC dollars: But can they scale up?

Doodhwala, milkbasket, DailyNinja and others claim to have captured a few Tier-I markets. But slim margins and diverse consumer habits stand in their way to scaling up pan-India

Not just food delivery, Swiggy is now meeting your everyday needs too

With the launch of Stores, Swiggy wants to become the one-stop delivery app that enables access to every store in Delhi

Angel tax row: Govt seeks to soften the blow for start-up businesses

Last week, two start-ups - TravelKhana and Babygogo - alleged the I-T department withdrew lakhs of rupees from their accounts following a dispute over tax claims

SimYog plans to venture into aerospace, consumer and medical electronics

Bosch-backed SimYog, which is currently developing a solution for automakers, plans to venture into aerospace, consumer and medical electronics

M1xchange facilitates financing of trade receivables of small firms

The TReDS allows MSMEs to receive money upfront, which helps them resolve their collection-related and working capital issues

Tax deducted from bank accounts of start-ups; I-T department clarifies

The CBDT clarified that the additions in tax demands have been made using provisions of Section 68 of the I-T Act

Private equity, venture capital flow value falls 49% in Jan, deals up 65%

The strong trend of buyouts established in 2018 has continued into 2019 with 4 buyouts worth $504 mn recorded in Jan 2019 -- 20% higher compared to Jan 2018

What kind of startups will get angel tax exemption? I-T dept to decide soon

The Section provides that the amount raised by a start-up in excess of its fair market value would be deemed as income from other sources and would be taxed at 30%

America the country with the most unicorns, India a distant fourth

25% approx. of companies included in the global unicorn club are valued at exactly $1 billion

A hide-and seek-game that's disrupting property rental brokerage business

Nobroker has developed an algorithm to weed out brokers and facilitate direct interaction between the home owner and the seeker of rental accommodation

Healthcare, education start-ups set to be big gainers from govt's AI push

Miles to go before country catches up with US and China; Accenture says AI could add as much as $957 bn to Indian economy

Leverage Edu, higher education platform, is solving the career maze with AI

Increasing income, rising interest in foreign institutes present a market opportunity for higher education platform Leverage Edu

Ayurvedic food spiced up by FMCG boost: Kapiva Ayurveda raises $2.5 million

Launched by the scion of Baidyanath Group, Ameva Sharma, and ex-Bain Capital executive Shrey Badhani, Kapiva has grown 12 times in 2018

Blockchain start-up InfiniChains raises $2.4 mn from Ajanta Pharma founder

The firm uses blockchain technology for counterfeit prevention, traceability and authentication of origin of materials in various industries such as fashion and food.

InnerChef's recipe for success: String of food labels from cloud kitchens

InnerChef is a shared cloud kitchen that also has Bombay Sandwich Company, Thalis of India, YumYumDilli, YumYumSouth and Indulge in its portfolio

DIPP invites startup leaders to discuss angel tax issue on February 4

Start-ups looking for an exemption from the angel tax will now have to submit their application directly to the DIPP

Softbank's new apple of the eye: A potential unicorn called Delhivery

Set up in 2011, when online retail was just taking off, today this firm is giving the likes of DHL, BlueDart and FedEx a run for their money

Why a Startup India certificate may be worth no more than a piece of paper

It rarely opens up the door to angel or VC funding and even the tax breaks it offers are usually meaningless

IESA aims to create Rs 1,000 cr business, 1 mn jobs from startups in 5 yrs

In January, IESA signed a pact with STPI and IIIT-Bhubaneswar to establish an electronic system design and manufacturing incubator at Bhubaneswar

Edtech firm Eruditus looks to enter the unicorn club in the next 12 months

The group comprises Eruditus Executive Education and its online division Emeritus. Founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera