startup india | Pixr8 News

24Jun By AnkitaNo Comments

FUNDING

SIDBI Ramps Up Start-up Funding Operations

With the Centre approving Rs 10,000 crore Fund of Funds for Startups, the Small Industries Development Bank of India (SIDBI) has ramped up its start-up funding operations to boost the sector. "SIDBI has ramped up the start-up funding operations to boost Start-up India initiative with the launch of funds like unique India Aspiration Fund and Fund of Funds operations," SIDBI Chairman and Managing Director Kshatrapati Shivaji said. The lender has so far supported 95 funds, including 11 regional funds, with an aggregate commitment of Rs 2,576 crore. "The Cabinets approval for establishing FFS will help enhance the scale of operations under its Fund of Funds activities with a deeper engagement with startup ecosystem and boost ambitious Startup India initiative. "SIDBI would be using its...

Finally Indian Govt Approved Rs 10,000 Cr Fund For Startups

23Jun By AdityaNo Comments

News

Finally Indian Govt Approved Rs 10,000 Cr Fund For Startups

The government today approved Rs 10,000 crore Fund of Funds for Startups to support them with an aim to generate employment for 18 lakh persons. "The fund is expected to generate employment for 18 lakh persons on full deployment...A corpus of Rs 10,000 crore could potentially be the nucleus for catalysing Rs 60,000 crore of equity investment and twice as much debt investment," an official statement said. The decision was taken in the Union Cabinet meeting chaired by Prime Minister Narendra Modi. "The Cabinet has approved the establishment of Fund of Funds for Startups (FFS) at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF), registered with SEBI which would extend funding support to startups," it said. This is in line wi...

Indian Minister Nirmala Sitharaman Will Visit The Co-working Place in Delhi Today

16Apr By AdityaNo Comments

News

Indian Minister Nirmala Sitharaman Will Visit The Co-working Place in Delhi Today

To take stock of Start-up India action plan, Commerce and Industry Minister Nirmala Sitharaman today have an open chat with budding entrepreneurs at a centre that provides basic facilities to new-age ventures. "Rather than budding entrepreneurs coming to the ministry to raise their grievances and share feedback on the action plan, the minister has decided to visit the co-working office of young entrepreneurs and have an open chat with them about their expectations and experience," an official said. The exercise is aimed at giving a thrust to budding entrepreneurs, he said. As many as 50 start-up companies and over 70 budding entrepreneurs are expected to participate in the interaction with the Minister. Prominent ones include Velmenni Lifi, Fitternity, Glance, DeliveryTrack, ...

2Apr By AdityaNo Comments

INDIA

Indian Govt. Launched Startup India Portal

The Startup India portal http://startupindia.gov.in, and mobile app have been launched by Secretary, DIPP, Mr. Ramesh Abhishek in New Delhi today. The “Startup India” initiative was launched by the Prime Minister of India, Shri Narendra Modi on January 16, 2016 at Vigyan Bhavan, New Delhi. As part of the event, a Startup India Action Plan was released. The Action Plan highlights initiatives envisaged by the Government to develop a conducive Startup ecosystem in the country. As an integral component of the Action Plan, a Startup India portal and mobile app were envisaged to be implemented. The portal and app have accordingly been released today. The key features of the portal and app are the following: Information Availability: The portal and mobile app provide up-to- d...

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...

Dinesh Agarwal – Founder & CEO of IndiaMart, Also Invested in Little Eye Labs (acquired by Facebook)

23Jan By RishabhNo Comments

Entrepreneurs Talk

Dinesh Agarwal – Founder & CEO of IndiaMart, Also Invested in Little Eye Labs (acquired by Facebook)

IndiaMart, a name heard by many, not only in India but all over the world. IndiaMART is an Indian online marketplace, serving since 1998 and based in Noida. The company have around 1.5 million suppliers listed on its website, with around 10 million buyers visiting the online platform every month. We recently met with the founder of Indiamart, Mr. Dinesh Agarwal at IIT-D where he motivated several students and yet-to-be entrepreneurs. Mr. Dinesh Agarwal is a very down to earth man, who knows how to do business. It is not just by his luck or ideas that helped him creating such a giant IndiaMart, but his will and passion for the same. We got the opportunity to ask him few questions about Indiamart and the current startup scenario in India. Thank you so much Mr. Dinesh for this I...

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...

Start Up India to boost entrepreneurship, jobs: Narayana Murthy

14Jan By Press Trust of IndiaNo Comments

News

Start Up India to boost entrepreneurship, jobs: Narayana Murthy

NEW DELHI: Appreciating Prime Minister Narendra Modi's Start Up India initiative, Infosys co-founder Narayana Murthy today said it will encourage entrepreneurship and generate jobs. "At the end of the day... it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create even more jobs," he said while commenting on the Start Up India initiative. The Prime Minister during his Independence Day speech had announced that government would launch Start Up India programme to encourage innovation and young entrepreneurs. Modi is slated to unveil the action plan under the initiative on January 16. Recalling that Infosys itself was a start-up company, Murthy said it has generated 1.70 lakh "good jobs" for youngsters in the ...

These 5 Startups Will Pitch Live at Startup India Event on Jan 16th

13Jan By NitishNo Comments

Story

These 5 Startups Will Pitch Live at Startup India Event on Jan 16th

With over $5 billion worth investment in 2015 and 3 to 4 startups emerging every day, India has the third largest number of startups in the world. On January 16th, the Prime Minister will formally launch the StartUp India, StandUp India initiative and unveil the government’s actions plans to support early stage startups. StartUp India, Stand Up India celebrates the entrepreneurship spirit of country’s youth and those that are using technology to change the way we solve problems in India across industries, from medicine and sports to education and the environment. On January 16th, 5 startups will pitch their own solutions live to a panel of esteemed judges, who will select and announce the winner. Prior to this, people around the world and across India can also play a role and vote for t...

Travis Kalanick (Uber, Founder) Will Attend Modi’s Startup India Event

6Jan By AdityaNo Comments

INDIA, News

Travis Kalanick (Uber, Founder) Will Attend Modi’s Startup India Event

New Delhi: Investment firm SoftBank’s founder Masayoshi Son, taxi-hailing service Uber’s founder Travis Kalanick and collaborative workspace provider WeWork’s founder Adam Neumann will attend the government’s Start-up India event next week, where Prime Minister Narendra Modi will unveil an action plan to assist early-stage companies. The event will be attended by around 40 innovators, venture capitalists and angel investors from Silicon Valley along with 1,500 founders of start-ups from across the country. On 27 December, in his Mann Ki Baat radio programme, Modi said the government was going to announce details of the Start-up India event, to be held on 16 January. Considering the importance of the event to the promotion of start-up culture in the country, it will be ...