Page 42 - Start-ups

Budget a booster shot for India, has ambition, resolution and innovation

It was one of the toughest times in history to announce a budget, writes Harsh Goenka.

Budget proposals for start-ups to boost 'ease of doing business'

The union government has decided to extend tax holiday claim for start-ups by one more year

Carl Pei's upcoming start-up gets seed funding from Cred founder Kunal Shah

Kunal Shah, the founder of fintech company CRED, has invested in OnePlus co-founder Carl Pei's new venture. The amount invested has not been disclosed. Pei had co-founded OnePlus, which now ranks among premium smartphone companies, in 2013. He quit OnePlus in October last year to start a new venture. "Carl Pie has now received seed investment from India with Kunal Shah, founder of CRED, adding Carl's London based venture into his portfolio," a statement said. Details of Pei's new venture will be announced on January 27, it added. Pei has already raised USD 7 million (about Rs 51.4 crore) in seed financing for the new venture. "Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey, Kunal Shah said. Shah, who had co-founded Freecharge and is an active investor, has backed a number of startups including Udayy, Kyt, Khatabook, BharatPe, Unacademy, Razorpay and Avail Finance, among others

Best of BS Opinion: Start-up's flights of fancy, powering mobility & more

Here's a selection of Business Standard opinion pieces for the day

Start-up's flights of fancy

India's first home-grown messenger app Hike shut down and vanished from app stores on Monday

Daimler India announces global competition for early-stage start-ups

Open from Dec 21 to Jan 29; initiative organised in association with Office of the Principal Scientific Adviser to GOI and Invest India

Sebi suggests relaxing of norms to boost listing of start-ups

The regulator has issued a consultation paper in this regard and sought suggestions from public till January 11

Edtech startup Classplus signs Sourav Ganguly as its brand ambassador

Edtech startup Classplus announced former Indian cricket captain, Sourav Ganguly as its brand ambassador and nationwide celebrity endorser

Babysutra signs a deal worth 13.33 million USD with Metalex International Group

Metalex Group has confirmed mentioning about the proud association with Babysutra.

VC investments in online gaming start-ups hike 114% to $376 mn in 2020

According to reports, online gaming companies have risen up to 275 in 2019

Start-ups emerge out of Covid shadow, expand runway: Nasscom survey

The study finds 43% enterprises have enough cash to sustain for over six months as compared to 8% in May; most expect to hit pre-Covid level over next six months

Unacademy's valuation tops $2 bn with funding from Tiger Global, Dragoneer

The latest fundraise follows funding round in September when the company raised an investment of $150 million in a round led by SoftBank Vision Fund 2 at a $1.45 billion valuation

Tata Trusts, Shell India launch rural tool for start-ups, investors

Tie-up aims to promote sustainable economic growth; framework reduces lab-to-market journey for start-ups, helps them identify partnerships that will aid in integrated rural development

Shell India plans to incubate 25-30 start-ups every year from 2022

Shell, under its flagship E4 Programme, incubates and supports start-ups via various modules of linking talent, technology, capital and know-how

Govt framing rules for easy foreign listing of start-ups and MSMEs

New rules will formalise an industry practice, reduce costs of transaction

Covid impact: Women-founded tech startups see funding drop 24% in H1FY20

Amid Covid-19, funding for women-founded startups in India fell 24 per cent to $280 million in the first half of this year, compared to $369 million in the same period last year, said a new report

15% of start-ups have halted operations due to Covid-19 pandemic: Report

The impact of Covid-19 has been severe on the Indian start-up ecosystem during the lockdown as 15 per cent of start-ups have halted operations

The Paytm-Google controversy: What was the trigger? All you need to know

Business Standard's Peerzada Abrar explains in this podcast - the whole controversy between Paytm and Google and about the Google Play Store billing system

Google says 97% app developers already using Play Store billing system

Google said Play's billing system will not be required for apps that sell physical goods

India open to launching own app store as start-ups criticise Google: Report

Alphabet-owned Google also said this week that it will strictly enforce a policy which will levy a 30% commission on payments made within apps on its Android store.