Page 71 - Startups

For overseas expansion, startups look to hire foreign Ivy League interns

Foreign interns are being hired ahead of expansion in order to not only familiarize them with the company's operations but also prepare a pool of manpower for handling overseas markets

Start-ups will flourish if regulations become more friendly: V Balakrishnan

V Balakrishnan, the former chief financial officer of Infosys Ltd, told PTI that investors are now focusing on B2B start-ups than B2C

Startup investors once again raise alarm over 'angel tax'

The startup investor community in India has once again raised concerns over the so-called 'Angel Tax' with the government, pointing out that if the issue is not fixed India's dreams of becoming the startup hub of the world will not be realised.The Angel Tax as it has come to be known, forces young startups to part with a portion of the capital they have raise from investors due to disagreements over the valuation of the company by Income Tax officials.The capital is often considered to be income, and startups have long been complaining of receiving letters from the tax authorities asking them to pay up. So far, neither the government or investors have agreed upon a middle ground, causing immense pain to startups who have raised money."There is no need to get rid of the existing rules, but we do suggest that genuine start-ups backed by established angel investor groups be seen in the same light as venture capitalists," said Padmaja Ruparel, co-founder and President of the country's ...

4 start-ups in Asia that made impact this week

Here's Tech in Asia's newest round-up of the featured start-ups online this week

Amazon Launchpad, Hax, Kickstarter to launch Startup C-Cube challenge

Challenge aimed at identifying, building consumer hardware products that can pitched to global customers

Used cars, quick loans, online courses: Startups that are leading AI race

Industry is booming with the number of start-ups touching the 200-plus mark

Cerebroz EduTree is replacing TV ads with educational videos

We are the only one who provides complete education - academic, social and general knowledge: CEO

India to become among attractive destinations for start-ups: Minister

Entrepreneurship potential of Indian youth is now being realised: Minister

Beauty startups struggle to scale up business amid drying funds

In a little over a year, 11 start-ups in the beauty and wellness space have been acquired, with five changing hands in 2017. That's because start-ups in this segment have struggled to scale up and crack their unit economics. As funding dried, the founders began looking for exits. For instance, Vanity Cube was acquired by fitness major VLCC, while Vymo was bought by Naturals, a South India-based salon chain. Belita, a pioneer in at-home beauty service in Mumbai, was acquired by city salon chain Enrich. Some weaker players were acquired by Quikr, Little and others, say insiders.There are two segments here: The go-to salon market that includes branded entities, and single stores and at-home players like MyGlam, UrbanClap, Quikr, Housejoy or Vymo. The beauty and wellness market in India was estimated at $3 billion in 2013; currently, it is pegged at $7 bn (Rs 45,000 crore) and is likely to be $12 billion by 2018. These include products and services sold through salons, spas, fitness ...

Lesser paperwork for start-ups as govt does away with cash flow statements

In a move that could give much needed relief to the startup ecosystem in the country and reduce their paperwork as well as administration costs, the government in a notification has said that startups would not have to prepare cash flow statements. However industry experts are unsure of the number of startups it might benefit as the not many firms till now have not been able to fall under the government's definition of startups.In a recent notification issued by the Ministry of Corporate Affairs (MCA), it has amended the exemptions to the Companies Act to accommodate the start-up community. Essentially, these amendments are along the lines of reducing paper work for smaller companies who run on a tight budget and might not have the manpower or the resources for maintaining extra paperwork. "These companies will not have to prepare cash flow statements. Though cash flow statements will not be declared, these start-ups have to mention in detail accruals," a senior MCA official said. It .

Silicon Valley is passe. Indian startups now turn to China for inspiration.

The ecosystem in which a startup grows has a lot to do with its fortunes, reports Tech In Asia

Start-up funding falls 46% in Q1 of 2017

Here are the key takeaways from the report

Karnataka plans to allocate Rs 10 cr to agri-innovation startups

State had recently released Rs 2.5-cr funds for tourism startups

Sequoia India bets big on co-working spaces; to invest $20 million on Awfis

Awfis has inked around 100 alliances with companies like Oyo, Paytm, Mega Cabs

How should startups keep great employees? Let them go

The truth is that if you don't offer employees the option to change roles, you're going to lose them

Jerks and the start-ups they ruin

Bro culture favours good-looking, cocky young men at everyone else's expense

Come tech bubble or fundraising struggle, start-ups stay optimistic: Report

33% said they were looking to hire women in leadership roles, reports Tech in Asia

Edtech startups look at local language courses to tap states, go hinterland

Mindler, an app that helps students and parents to choose career path, customised its tool in Hindi

Kloseby, ShopsUp, Affordplan and more: Check out the rising startups in India

Ecommerce and location-based shopping deals make up half this list today, reports Tech in Asia

US invites top 30 Indian startups to form links with Fortune 500 companies

The event, StartupBridge India, aims to raise awareness among senior executives of large US companies about India's growing presence