Page 166 - Start Ups

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

Byju's buys Osmo for $120 mn as it looks to expand into new age demographic

Osmo is a playful learning system which aims to create healthy screen-time experience for children

Startups ask PM Modi to abolish 'Angel Tax', call it a serious threat

If the 'Angel Tax' issue is not arrested immediately, then this will adversely affect the number of startups in India in the next 3-4 years and derail the entire Startup India movement, startups said

Govt approves easier Angel Tax exemption process for start-ups: Report

Commerce and Industry Minister Suresh Prabhu has approved a notification pertaining to this clause to make allowances for angel investors, sources said

Education start-up LeverageEdu raises funding from Blume, DSG Consumer

LeverageEdu is a platform for students looking for career advice and counselling

PE/VC deals up 35% in 2018 to $35 bn on buyout, start-up investment pickup

There were 76 deals of a value greater than $100 mn in 2018, aggregating to $25.9 bn and accounting for 74% of total PE/VC investment

India's biggest start-up incubator opens at Kochi; to offer new-age tech

After the completion of three more projects, Kerala will have startup and incubation space of 500,000 sq.ft, which will be largest of these type in the world

Content sharing platform Manch bets on non-English internet users in India

As India's English internet user base is fast reaching stagnation, everyone including start-ups, is looking to cash in on the next set of customers - the ones who do not speak English

'Smart address' gaining traction in India, but mass adoption may take time

MapMyIndia, an online maps company, has launched a free app called the eLoC Standard Digital Address System to generate digital addresses

Dairy farms employ tech to ramp up production, offer milk that's pure

Happy Milk is one among the many dairy farms that are employing state-of-the-art technologies to produce organic milk in a cost-efficient way

The 'Fab' journey of affordable hotel businessman Vaibhav Aggarwal

The first-generation entrepreneur is expanding budget hotel chain FabHotels with the twin objective of better investor returns and excellent consumer experience

Angel tax effect: Equity stakes yielding ground to other funding avenues

Convertible debentures & preference shares have emerged as options of choice for new ventures because, apart from deferring valuations, they allow founders to retain a hold over their companies

Logistics marketplace LetsTransport looks to enter 20 more cities by 2021

The company has raised $20 million in three rounds of funding

Start-ups see corruption, securing funds as key challenges in 2019: Report

Several start-ups and angel investors have raised concerns over notices received from the income tax authorities related to taxation of angel funds

Early-stage funding for start-ups falls 15% to $148 million in 2018

The year ended with a decline in angel investment in the final quarter, primarily on the fear of income tax notices to such investors and the associated network

Meet the men who help machines learn legal and financial lingo

Sajeev Aravindan and Krishna Tirupati's firm Vaultedge has developed an AI-based software platform that does what seasoned lawyers and financial experts do, but at a much faster pace

Licious sees an opportunity to build a $1-bn enterprise in meat market

The start-up follows a farm-to-fork model

With record capital raising, 2018 was year of transformation for start-ups

Digital products and services have been popular, not only in urban areas but also in rural markets, thanks to low bandwidth rates

Edtech gets new lease of life as Byju's becomes a unicorn, investments grow

It is important to evaluate edtech as a sector and understand whether we are looking at the eye of the storm or the start of a new chapter in education

How three bright minds beat all odds to build a strong scooter rental biz

A 2015 Chennai flood washed away his fleet of cars, but failed to water down Anand Ayyadurai's dreams; he built a fleet of scooters that became an instant hit in the vehicle rental space