Page 68 - Startups

Adityanath govt to launch 'angel network' for mentoring, funding startups

Vice president Venkaiah Naidu to attend startup conclave in Lucknow

Vahan, Lokal, Nonu Care: 3 start-ups that will get $150,000 each for biz

Ramani Ranjan Mohapatra gives brief profiles of three such start-ups which will get $150,000 each while getting started

Norms relaxed for shares with differential voting rights to boost start-ups

In a fillip to startups, the government has relaxed norms for shares with differential voting rights that will help such companies to retain control while raising equity capital. With the amended rules, companies can now have up to 74 per cent Differential Voting Rights (DVR) shares of the total post issue paid up share capital. The limit has been revised from 26 per cent. The corporate affairs ministry has amended the Companies (Share Capital & Debentures) Rules under the Companies Act. "Another Key change brought about is the removal of the earlier requirement of distributable profits for 3 years for a company to be eligible to issue shares with DVRs," the ministry said in a release on Friday. According to the ministry, the initiatives have been taken in response to requests from innovative technology companies and startups. It would also "strengthen the hands of Indian companies and their promoters who have lately been identified by deep pocketed investors worldwide for ...

Indian agri-tech start-ups got $248-mn funding in 2019, says Nasscom

The report said there has been a 1.7-times increase in average farmer income in last decade

Children's books' start-up Bookosmia buys mythological stories app Mytha

Through the acquisition of Mytha, Bookosmia will add a library of over 40 mythological digital stories and two published books

Income Tax dept relaxes assessment and scrutiny norms for start-ups

In cases where start-ups are recognised by the DPIIT but scrutiny involves wider issues, the I-T dept has asked its field formations not to pursue the issue of angel tax during assessment proceedings

Govt announces revised procedure for angel tax assessment of start-ups

No verification will be done by an assessing officer if a startup has been recognised by DPIIT and the case is selected under limited scrutiny

Hedge funds make a comeback in India; bet on 25 start-ups this year

Deal volumes similar to 2014, half of 2015, and thrice the deal volume in 2016 and 2018

Anti-portfolios and portfolios

Old India is not exactly ready to deal with the animal spirits of the young India

Byju Raveendran, a 37-yr-old former teacher, is India's newest billionaire

India's online learning market is expected to more than double to $5.7 billion by 2020, according to the government-backed India Brand Equity Foundation

Looking to score big: How MPL is making a business out of online gaming

Mobile Premier League (MPL) is a mobile-first gaming platform, which offers skill-based multiplayer games

Top 10 biz headlines: No relief for FPIs, more trouble for TikTok, and more

From super-rich tax to RCom's SIM swap fraud, Business Standard brings you the top headlines that made news on Thursday

Startups face 200% fine for non-compliance with govt norms on angel tax

Further, angel tax exemptions were extended to investments from only VC funds in case of category-I alternative funds

Procol raises $1 mn seed funding from Blume Ventures, Zerodha's Rainmatter

The start-up, which helps food retailers procure inventory online, has clients such as Bikanervala, Big Bazaar and Haldiram's

Tech startup Icertis' valuation crosses $1 bn, joins unicorn club

Icertis raised $115 million in financing round co-led by Greycroft and Premji Invest, the family investment arm of Wipro Chairman and billionaire Azim Premji and existing investors

How a Gurugram-based start-up converts air pollutants into ink and paint

Founded by IIT-Delhi graduates, it recently raised Rs 19 crore in Series A round led by IAN Fund, along with IDFC Parampara fund and Jyoti Sagar

This 'emotionally intelligent' bot makes mental health accessible at scale

Wysa, an "emotionally intelligent" bot, is a virtual coach that combines empathetic listening with evidence-based therapeutic techniques making mental health accessible at scale

Samsung plans 100 investments in Indian start-ups in next five years

Samsung Venture Investment Corporation (SVIC), revealed it had made maiden investments of a combined Rs 58 crore across four Indian start-ups

Higher LTCG tax spooks start-up investors, founders, ESOP holders

Those earning Rs 2-5 crore will pay effective LTCG of 26% and those earning less than Rs 5 crore will have to pay LTCG of 28.5%

Walmart Labs acqui-hires two Indian startups FloCare and BigTrade

The tech arm of the retail giant has on-boarded the teams of these Bengaluru-based companies which would help Walmart to strengthen its customer technology and supply chain