India | Pixr8 News

2Feb By AnkitaNo Comments

FUNDING

Sequoia raised Largest VC Fund Approx $920 Million to Invest in Indian Startups

Sequoia Capital, Silicon Valley's top-tier VC fund closed fresh $920 million fund. Funds will largely invests in Indian startups. The fresh funds takes Sequoia's total investment assets to more than $3 billion in India. This is the biggest raise by any VC fund for India-specific investments, cementing Sequoia's leadership position in the domestic early-to-growth stage investing space. TOI had reported on September 8 last year about Sequoia Capital, a backer of companies like Just Dial, Freecharge, Zomato, Oyo Rooms, among others, being on the road to raise its fifth India fund. At the time, Sequoia was looking to shore up $800 million. Sequoia, which had backed tech giants like Google and Apple in their very early stages, will see the new fund invest in Indian and south-east Asian...

Indian Govt Plans to Develop Northeast as Startup Destination

31Jan By Press Trust of IndiaNo Comments

News

Indian Govt Plans to Develop Northeast as Startup Destination

Northeast is an emerging destination for new ‘Startups’ from across the country and plans are there to provide ‘venture’ fund for new entrepreneurs, Union Minister Jitendra Singh has said. Inaugurating the ‘Youth Connect’ programme organised by Dr Bhimrao Ambedkar College of University of Delhi, Singh said under the ‘Startup India, Standup India’ plan announced by Prime Minister Narendra Modi, there are provisions of two years of tax-free facility and three months’ exit period. “These are unique features of this plan and on behalf of the Ministry of DoNER, an added incentive is being contemplated in the form of a ‘venture’ fund for new entrepreneurs so as to provide them relief from financial liabilities,” he said. The Minister for Development of North Eastern Region (DoNER) said th...

Alibaba Started Trade Facility Centre in Jaipur, Launched Hindi Website to tap SMEs

30Jan By Press Trust of IndiaNo Comments

BUSINESS

Alibaba Started Trade Facility Centre in Jaipur, Launched Hindi Website to tap SMEs

Alibaba.com, the wholesale trading platform of China's Alibaba Group, today unveiled its first physical trade facility centre in the country at Jaipur and a Hindi portal, aimed at connecting small and medium businesses with global buyers. "We are excited about working with our Indian partners to provide comprehensive and dedicated trading solutions for local Indian sellers to explore more cross-border trading opportunities. Our ongoing efforts in India also showcase our long-term commitment to the market," Alibaba.com Head Global Business Development Timothy Leung said in a statement. By providing information and services in Hindi, the site will enable Indian traders, especially those from small cities and rural areas, to easily connect with merchants worldwide, he added. He said ...

29Jan By AdityaNo Comments

INDIA

Malpe Becomes First Beach In India to Get Free Wi-Fi

Udupi: Malpe beach based in Karnataka has become the first beach in India to get free Wi-Fi connectivity. Local MLA Mr. Pramod Madhwaraj launched the 24x7 Wi-Fi connectivity at Malpe beach. After launching the facility, Madhwaraj said, "Malpe beach is a good place for spending time with friends and family. The Malpe beach committee is focusing on providing quality service in terms of sanitation facilities, parking system for tourists, maintaining cleanliness and so on." "The committee has spent Rs 80 lac on beach development works. The beach committee constructed a watchtower recently for beach viewers. It has appointed six lifeguards, four workers for keeping the beach clean and three have been appointed to keep St Mary's Island neat and clean. "The committee has also spent Rs 4 cror...

Some Serious Questions Asked From Two Varanasi Boys About Their Startup Dawailelo.com

25Jan By NitishNo Comments

Story

Some Serious Questions Asked From Two Varanasi Boys About Their Startup Dawailelo.com

How many of you live in metro? And your family lives in tier 2 and tier 3 cities? Who takes care of your family’s health when in need while you are busy in your work? Two youngsters also came across same questions and came up with a solution: Dawailelo. Dawailelo helps the people through their services in tier 2 and tier 3 cities where there is acute need of genuine, affordable and accessible health care services. Hailing from tier 2 city like Varanasi, the two founders Arpit Sarin and Aditya Agrawal wanted to know whether others are facing the same problem and thus they conducted a survey of 2000 residents to understand the roots. They came to know that majorly the old age patients are suffering from one or other chronic diseases and need health care at home, peopl...

China’s Richest Man Will Develop $10 Bln Industrial Park in India

22Jan By reutersNo Comments

BUSINESS

China’s Richest Man Will Develop $10 Bln Industrial Park in India

Chinese conglomerate Dalian Wanda Group said on Friday it would develop a $10 billion industrial park in northern India, its first project in the country. The company owned by China's richest man Wang Jianlin said it would be the lead investor in the project's initial infrastructure and also ask Chinese firms to take part. Construction on the first phase of the 13 square km park in Haryana state is due to start this year, the company said. "Haryana State will provide Wanda with the most preferential policies," it added in a statement. Dalian Wanda is aggressively spending on projects and acquisitions ranging from entertainment to financial services in a bid to diversify away from its core, but slowing, domestic real estate operations. The conglomerate which posted $44 billio...

Meet Dhobistore Team- India’s First Dry Cleaners Market Place having more than 400+ Dry Cleaners

22Jan By RishabhNo Comments

Story

Meet Dhobistore Team- India’s First Dry Cleaners Market Place having more than 400+ Dry Cleaners

As truly it is said, “Marriage is about the most expensive way for the average man to get his laundry done!”, but holding on to this quote at present times might not seem appropriate. These are the high times and enough measures have been taken to cater for the general needs. Serving one such problem of Laundry and Dry Cleaning comes Dhobistore.com. Started by Shahnawaz Siddiqui a.k.a. Gabbar and Mudassir Siddiqui aiming to serve the regions of Delhi and NCR, Dhobistore.com is the India’s First Dry-Cleaners MarketPlace having more than 400+ Dry Cleaners on board! It’s the only laundry and dry cleaning startup that does not white label the vendors. It enables the user to choose a vendor of their choice according to their price, rating and reviews. “We openly disclose their contact details...

Hike Messenger crosses 100-million user mark

21Jan By AdityaNo Comments

News

Hike Messenger crosses 100-million user mark

New Delhi :- Home-grown Hike Messenger today said it has crossed the 100-million user mark. “Crossing 100 million users is a milestone for us and we have achieved this well ahead of our expectations,” Hike Messenger Founder and CEO Kavin Bharti Mittal said in a statement. The company acquired 30 million additional users in just three months as it crossed 70 million users in October 2015, the statement said. Hike is now logging a monthly messaging volume of 40 billion messages, having doubled on messaging in a span of 5 months from 20 billion messages per month logged in August 2015, it added. “This huge user base is not only messaging and calling on Hike, but is reading News on Hike in Hindi and English, viewing live Cricket scores, getting inspired on Hike Daily, transferring huge f...

Big Startups Are Ready to Enter Into the Indian Share Market

17Jan By NitishNo Comments

Story

Big Startups Are Ready to Enter Into the Indian Share Market

Every Indian entrepreneur asking this one question most when they met with their fellow entrepreneurs and Investors in events. When Flipkart and other companies will go for an IPO? Are they go to list their companies in India? The answer was partially disclosed yesterday, in the last session of Startup India "Show Me The Money: How do we capitalize Entrepreneurship rolls". Where Mr. Jayant Sinha, MOS Finance, asked the same and very important question to all the panelist which includes Radhika Agarwal (Shop Clues), Ritesh Agarwal (OYO Rooms), Sachin Bansal (Flipkart), Naveen Tiwari (Inmobi), that "Will you place your company's IPO in India?" The founders had given mixed reply but said if Indian Government and regulators are ready to support us then we can also look into it. ...

Internet Users Count in India May Reach 50 Crores in 5-8 months

17Jan By Press Trust of IndiaNo Comments

News

Internet Users Count in India May Reach 50 Crores in 5-8 months

The number of Internet users in the country is expected to go up to 50 crore, from the present over 40 crore, in next 5-8 months, Telecom Minister Ravi Shankar Prasad said today. "The number of people using Internet has crossed 40 crore in the country at present. I am expecting this number to go up to 50 crore in next 5-8 months. "According to our estimate, out of these, 70 per cent people are going to access Internet through mobile phones," Prasad said here at an Indore Management Association function. About 100 crore people, out of the population of India of nearly 125 crore, have mobile phones, the minister said, adding that every month, 20-35 lakh mobile users are added. "The NDA government, led by Prime Minister Narendra Modi, is trying to awaken the efficiency and...

Govt to announce friendly tax regime for start-ups in Budget: Arun Jaitely

16Jan By AnkitaNo Comments

INDIA

Govt to announce friendly tax regime for start-ups in Budget: Arun Jaitely

“ Government in the Budget next month will announce a friendly tax regime that will encourage setting up of startups in the country ” Government in the Budget next month will announce a friendly tax regime that will encourage setting up of startups in the country, Finance Minister Arun Jaitley said today. "We have already worked upon an entrepreneur-friendly taxation regime. There are some steps, which can be taken up by notifications, which would be taken forthwith. Others require legislative provisions, which can only come as part of the Finance Bill when Budget is presented in order to create a friendly taxation regime for startups," he said at the Start Up India conference here. Recognising the need to encourage startups, a fund was suggested in the Budget last year, he...

Government working to make start, exit easy for startups, says Nirmala Sitharaman

16Jan By Press Trust of IndiaNo Comments

INDIA

Government working to make start, exit easy for startups, says Nirmala Sitharaman

The government is working to make it easy for budding entrepreneurs to start a business or exit from it, giving boost to the Indian startup ecosystem, Union Minister Nirmala Sitharaman said at Startup India Event. "I understand that starting a startup is as much important as somebody wants to exit from it. The government is working to make the exit also (easy)," Sitharaman said at the 'Startup India' conference. On the eve of #StartupIndia launch, here's a message from @CimGOI Smt. @nsitharaman . @standup_startup pic.twitter.com/FjplrmrqgI— CIM India@GOI (@CimGOI) January 15, 2016 She said Finance Minister Arun Jaitley is working "hard" on the Bankruptcy Code. The Insolvency and Bankruptcy Code 2015, which seeks to provide an easy exit option for insolvent and sick compa...