Archives
ALL DEALS 
April 1, 2016 Delivery start-ups explore additional income streams
Hyperlocal delivery start-ups, including food-tech and logistics companies, together garnered $270 million in funding in 2015, but the sector has also seen a massive correction in the form of closure. Photo: Ramesh Pathania/Mint With investors turning increasingly cautious, hyperlocal delivery start-ups are exploring additional revenue streams such as advertisements and promotions to try and mitigate […]
NEWS April 1, 2016 Fidelity marks down start-ups; e-commerce firms to restructure businesses
Photo: Priyanka Parashar/Mint What to watch out for New online marketplace rules fail to halt discounts, for now If you were worried that the new government rules for Internet companies will mean the end of eye-popping discounts on popular online marketplaces, breathe easy, at least for now. E-commerce firms will have to restructure businesses A […]
NEWS March 30, 2016 Indian start-ups counting on rural reach to boost e-commerce
Photo: iStock Bangalore/New York: Indian entrepreneurs must do a better job reaching small towns and villages at home before setting their sights on international expansion, speakers on a panel at Bloomberg’s India Economic Forum said. “We haven’t even scratched the surface yet” in India, said Radhika Aggarwal, co-founder and chief business officer of online retail […]
ALL DEALS March 25, 2016 Start-ups: Deals of the day
Photo: iStockphoto Drivojoy raises Rs4 crore from IAN, others On-demand two-wheeler repair platform Drivojoy on Wednesday said it has raised Rs.4 crore from the Indian Angel Network (IAN). Others who participated in the round include TracxnLabs, an early-stage fund run by Tracxn, a company which tracks start-ups; Shailesh Rao, vice-president, international operation, of Twitter Inc.; […]
ALL DEALS March 16, 2016 Last-mile delivery hurdles pave way for surge in new start-ups
E-commerce company Flipkart’s decision to invest in logistics start-up QikPod shows that online retailers are experimenting with different avenues to find a suitable model to cut delivery costs. Photo: Ramesh Pathania/Mint As the e-commerce market matures in India, showing clear signs of winners, the logistics sector has also begun to witness hectic activity. The past […]
ALL DEALS March 16, 2016 Govt hikes funding for start-ups, Flipkart invests more in Myntra
Photo: iStock What to watch out for: • Flipkart invests another Rs.338 crore in its fashion portal Myntra: In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra. The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is […]
NEWS March 16, 2016 Changing gears at India’s start-ups
The Morgan Stanley markdown brings Flipkart’s valuation down to about $11 billion from the $15.2 billion the company claimed when it raised its last round of funds. Photo: Hemant Mishra/Mint In late October, Silicon Valley venture capitalist Bill Gurley, speaking to The Wall Street Journal about technology start-up valuations, said, “All these private valuations are […]
NEWS 
March 16, 2016 The correction underway at India’s start-ups space
Morgan Stanley’s filing comes nearly two months after Flipkart appointed co-founder Binny Bansal (right) as its new chief executive officer, replacing Sachin Bansal, who became executive chairman. Photo: Hemant Mishra/Mint On 29 July 2014, when Flipkart, India’s largest e-commerce marketplace, said it had raised $1 billion in funding, the world sat up and took notice. […]
ALL DEALS March 11, 2016 Nasscom proposes start-ups be exempt from direct, indirect taxes
Nasscom also sought steps to increase investments in start-ups. New Delhi: Software lobby Nasscom on Wednesday proposed that all start-ups be exempted from direct and indirect taxes to reduce compliance burden and cash outflows. In its pre-budget recommendations submitted to the finance ministry, Nasscom also demanded removal of so-called angel tax levied on capital receipts. […]
ALL DEALS 
March 11, 2016 Baidu says in talks to invest in Indian e-commerce start-ups
Photo: Bloomberg Beijing: Baidu Inc. is in talks to invest in Indian e-commerce start-ups, including Zomato, BookMyShow and BigBasket, a spokesperson for China’s top online search provider said on Wednesday. “The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more resources there in the […]
ALL DEALS March 11, 2016 Govt may form panel to select start-ups eligible for incentives
In August, while delivering the Independence Day address from the ramparts of the Red Fort, Modi floated the slogan “Start-up India, Stand up India” to encourage innovation and entrepreneurship among young people. Photo: Bloomberg New Delhi: The government is likely to set up an inter-ministerial board on the lines of the Foreign Investment Promotion Board […]
NEWS 
March 11, 2016 Amrita University’s incubation centre to invest $120,000 in four start-ups
According to the Amrita University’s incubation centre, it has so far mentored 181 start-up ideas, built 31 products, filed for five patents and trained 6,700 students, and incurred zero loss from its investments. Chennai: Four start-ups have won seed funding worth a total of $120,000 (Rs.80 lakh) from Amrita Technology Business Incubator (TBI), supported by […]
