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6Nov By Press Trust of IndiaNo Comments

INDIA

India continues to be 3rd in Startup Ecosystem, adds over 1100 start-ups in 2019

Adding over 1,100 start-ups in 2019, India continues to reinforce its position as the third largest start-up ecosystem across the world, taking the total number of tech start-ups to 8900-9300 in the last five years, NASSCOM said here on Tuesday. The IT industry body also said that Indian startup ecosystem is geared up for "10X" growth trajectory by 2025. "From 2014-2025 the 10 year period that we will see, the Indian startup ecosystem is geared up for 10X growth trajectory over these ten yerars, which is pretty phenomenal. We are expecting by 2025 the total number of unicorns to go up anywhere between 95-105 in India," National Association of Software and Services Companies President Debjani Ghosh said. Speaking to reporters here, she said NASSCOM expected the cumulative valuat...

12Aug By PriyankaNo Comments

FUNDING

Meesho raises USD 125 mn in funding led by Naspers

Bengaluru-based Meesho said it has raised USD 125 million (around Rs 888 crore) in a funding round led by technology investor Naspers. The round also saw participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway as well as former Vodafone Group CEO Arun Sarin. In June, Facebook had announced picking up a minority stake in Meesho, a startup that helps entrepreneurs set up online businesses via social channels. "The new funds will allow the company to make deeper inroads in areas outside India's major metro regions, by creating more entrepreneurs," Meesho said in a statement. The latest investment will also strengthen Meesho's aim to grow its community of women entrepreneurs and support expansion to new geographies, it added. Th...

Tata Trusts & Social Alpha Launch Fellowship Programme for Entrepreneurs

15Nov By Gauri SinghNo Comments

News

Tata Trusts & Social Alpha Launch Fellowship Programme for Entrepreneurs

Tata Trusts and Social Alpha have launched a 12-month fellowship programme for entrepreneurs who are aiming to create impactful and successful ventures with their innovative and unique ideas. The first group of up to eight entrepreneurs, under the Social Alpha Entrepreneurs for Impact (E4i) programme, will be selected to solve problems in areas such as water, sanitation, health, agriculture, energy and environment. All throughout, Social Alpha will provide support to the E4i finalists through a network of experts from public and private sectors, non-profit entities and foundations. Established in 2016, Social Alpha is a joint initiative of Tata Trusts and the Department of Science and Technology, Government of India. "It's a 12-month programme that equips passionate entrepreneur-i...

Karnataka Govt Signs up 21 Firms to Turn ST/SC Youth into Entrepreneurs

31Oct By Gauri SinghNo Comments

INDIA

Karnataka Govt Signs up 21 Firms to Turn ST/SC Youth into Entrepreneurs

In a bid to help startups grow and expand, the Karnataka state government has signed up 21 firms including Uber, Ola, Swiggy and Bata for its ambitious programme called Samruddhi. The programme aims at creating 10,000 entrepreneurs annually over the next three years from among the SC/ST youth. Under this, once the youth is skilled and certified by the partner enterprises, he will be free either to opt for a job or start their own venture with seed funding from the Social Welfare Department. The funding support will go up to Rs 10 lakh. For Samruddhi, the stated government has set aside Rs 800 crore. The seed fund approach is a step away from the traditional business loans as the government saw a potential for misuse of these loans. “What we are doing is India’s most aspirational ski...

The Five Most Inspiring Young Indian Entrepreneurs You Must Know About

27Aug By Gauri SinghNo Comments

INSPIRATIONAL

The Five Most Inspiring Young Indian Entrepreneurs You Must Know About

In the last few years, India has been witnessing a huge growth in the number of startups and thus, the birth of entrepreneurs in the country has also risen. With this, our country has got such an amazing number of talented and hard-working entrepreneurs that have helped India to reach a different level of success. All the business spaces including technology, telecommunication, digital payment, edutech, hospitality among others have been seeing a good amount of expansion across various cities in India. The new-age entrepreneurs have been successful in proving themselves through their box thinking, leadership qualities, and execution styles. Here, we will talk about some of the most inspiring and hard-working young entrepreneurs of India who are changing the game for their generation ...

28Oct By Press Trust of IndiaNo Comments

INDIA

Startup India Will Encourage Youths To Be Job Givers

The central government's Startup India scheme will give a new dimension to entrepreneurship in the country wherein youngsters will be encouraged to become job givers rather than job seekers, Jammu and Kashmir minister Priya Sethi has said. Speaking at the Central University of Jammu on Jammu Kashmir Future Talks yesterday, the state education and tourism minister said the initiative was a result of the Modi government's commitment to make India a developed country by 2022. "We need to give a right direction to our students and make them realise their dreams. Jammu and Kashmir is a vibrant state with multi-regional geographical and economic features, which itself is a boon and can be best utilised for giving young entrepreneurs opportunities to make their mark," she said. Addressing th...

67 Indian Startups Receive Tax Benefits From the Government

12Sep By Press Trust of IndiaNo Comments

INDIA, News

67 Indian Startups Receive Tax Benefits From the Government

The government has extended tax benefits to 67 startups so far with a view to promoting budding entrepreneurs in the country, Minister of State for Commerce & Industry C R Chaudhary said today. In January 2016, Prime Minister Narendra Modi had unveiled a slew of incentives to boost start-up ecosystem, offering them a tax holiday and inspector raj-free regime for three years, capital gains tax exemption and Rs 10,000 crore corpus to fund them. "3,576 startups have been recognised as on September 7 and tax benefits have been given to 67 innovative startups," Chaudhary said here while addressing the startup India states conference. The Department of Industrial Policy and Promotion (DIPP), under the ministry, considered 671 startups for income tax exemption and of this 67 received the...

Indian PM Narendra Modi To Meet 200 Startup Entrepreneurs And CEOs

17Aug By RishabhNo Comments

INDIA, News

Indian PM Narendra Modi To Meet 200 Startup Entrepreneurs And CEOs

Prime Minister Narendra Modi is set to meet 200 startup entrepreneurs and CEOs who have set up successful business right from the scratch; today to discuss on a range of issues including job creation, income growth and innovation at a session organized by federal policy think tank NITI Aayog. (more…)

30Jun By AnkitaNo Comments

ANALYSIS

6 Differentiators to Help Your Startup Win the Race

Thousands of startups open and shut every year, forced by a fiercely competitive environment. Below are 6 differentiators that will help you stay above the crowd and prove yourself a winner:- Tell a Captivating Story People love stories and to draw them to yours, you must ensure that they understand where you are coming from. You have to illustrate your pitch in such a manner that people can instantly relate and put themselves in your shoes. It needs to have logic, emotion and recall value. Using the power of storytelling through various channels like emails and social media, you can enhance a brand’s image, significantly. Acknowledge What Makes You Different You are probably not the first one to create your product or service and even if you ar...

Airbnb Acquired Background Check Startup Founded by Indians

19Jun By PriyankaNo Comments

ACQUISITION

Airbnb Acquired Background Check Startup Founded by Indians

Leading online lodging service Airbnb is buying a California-based background-check startup founded by three Indian-origin entrepreneurs in 2014 as it seeks to protect its users and hosts from undesirable and fraudulent people. A report in Fortune magazine said Airbnb is buying Trooly, a startup that specialises in technology that helps conduct background checks. Trooly was co-founded by Savi Baveja, Anish Das Sarma and Nilesh Dalvi. According to profiles of the founders on the Trooly website, Baveja, who is also the company's CEO, had previously served as senior partner at the strategy consulting firm Bain & Company, and a member of the Bain Board of Directors. Sarma, the companys Chief Technology Officer, is a gold medalist from IIT and has worked at Google Research and Y...

Amazon Global Workshop in Delhi For Entrepreneurs on Global Selling

9Jun By AdityaNo Comments

News

Amazon Global Workshop in Delhi For Entrepreneurs on Global Selling

E-commerce major Amazon will conduct a workshop today to educate small and medium businesses and enable entrepreneurs to sell their products to consumers across the globe. The workshop will focus on Amazons global selling programme that enables easy, simple and convenient access for all Indian sellers to sell their products globally, Amazon said in a statement. The workshop will be held at Saket in Delhi the national capital of India. The e-commerce major launched its global selling programme in India in 2015, which helps Indian businesses take their Made in India products to millions of customers across the globe through 10 global Amazon marketplaces. Commenting on the workshop, Amazon India Head-Global Selling Abhijit Kamra said: "We see immense potential in Delhi and look fo...

Legendary Quotes From 45 Successful Entrepreneurs

1Jun By RishabhNo Comments

BLOGS

Legendary Quotes From 45 Successful Entrepreneurs

An entrepreneur is someone who organises and manages any enterprise, especially a business, usually with considerable initiative and risk. Ever wondered how the likes of Richard Branson, Steve Jobs, Bill Gates, Mark Zuckerberg, J.K Rowling and many others became successful entrepreneurs? Believe it or not they know what it’s like to launch a new business and to start from the beginning. These successful entrepreneurs have worked their way up to the top and created a powerful name for themselves and for their business. Despite becoming successful entrepreneurs, the journey might not have always been an effortless one either but it’s what you learn on the way that counts within business. So let's hear out what these 'Super' entrepreneurs have to say to you: (more…)