Friday, December 20

Tag: startup

Indian Executives Open to Working With Startups: Survey
1May By Press Trust of IndiaNo Comments
ANALYSIS

Indian Executives Open to Working With Startups: Survey

A half of Indian executives polled are open to work with start-ups as partnering with new-age companies bring in agile and innovative methods, says a survey. However, the other half is still sceptical about working with a start-up, according to annual EY-CIO Klub's Enterprise IT trends and investment survey titled 'the startup gene: a way forward'. The survey, which revolves around the idea of the startup gene, noted that the CIOs of the country can benefit from partnerships with start-ups and by imbibing the attitude of start-up entrepreneurs. About a half of 294 Chief Information Officers (CIOs) polled have shown faith in implementing start-up practices to get their work done. This was supplemented by the fact that 30 percent of the respondents were aligned towards 'Do It For...
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Uttar Pradesh Rolls Out Major Incentives to Boost Startups
29Apr By Press Trust of IndiaNo Comments
INDIA

Uttar Pradesh Rolls Out Major Incentives to Boost Startups

In a bid to boost startups, particularly in the information technology sector, the Uttar Pradesh government has waived off the stamp duty on land purchased for building offices or built-up offices, an official said on Friday. This has been done under the IT and StartUp Policy-2016 rolled out by the Akhilesh Yadav government. However, the government has put a rider that these units getting exemptions must commence their operations within the next three years. Similarly, the electricity duty for these units has been waived off for almost five years. It has also been decided to provide grants to these units to contribute to the employees' provident fund.
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6 Percent Levy Tax Will Hurt Indian Tech Startups: Report
29Apr By PriyankaNo Comments
News

6 Percent Levy Tax Will Hurt Indian Tech Startups: Report

The proposed 6 percent levy on online advertisement revenue of foreign companies will "severely raise the cost of doing business" for Indian tech startups, industry body IAMAI said today. "Tech startups are already paying 14.5 per cent service tax to use these ad platforms, which amounts to an estimated Rs 906 crore of taxes to government. With GST implementation, the tax rate is likely to move to 18 per cent bringing more taxes to the government from this segment," Internet and Mobile Association of India (IAMAI) said in a statement. Considering that the incidence of 6 per cent levy will be passed on to the advertisers by the ad platforms, the total burden to SMEs and tech startups on account of equalisation levy would be an additional burden of Rs 429 crore, a massive hike of nearly 50...
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Nasscom Tie-Up with Salezshark For Sales Operations
20Apr By AnkitaNo Comments
News

Nasscom Tie-Up with Salezshark For Sales Operations

SalezShark, a relationship cloud based startup in USA will handle customer relationship management of Nasscom.  Salezshark has chosen over the likes of Microsoft and American cloud computing company Salesforce.com to handle sales operations of Nasscom. SalezShark will now manage the entire gamut of operations from marketing, events and publications to internal member and non-member data, functions for which Nasscom had been relying on multiple systems. "Requirement came from Nasscom's end to manage their huge data and help increase productivity within the organisation," said SalezShark founder Ajay Chauhan. "They will utilise SalezShark for our sales and marketing automation as well as introduce social selling in their sales culture," he said. SalezShark has implemented a marketing eng...
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ICICI Banks Now Ready To Invest In Startups
19Apr By RishabhNo Comments
BUSINESS

ICICI Banks Now Ready To Invest In Startups

Country’s largest private sector lender ICICI Bank announced today about its interest in investing in startups in the financial technology space, even though it has not earmarked a dedicated corpus for the investments. (more…)
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Mobikwik Planning To Turn Profitable By mid-2017
17Apr By RishabhNo Comments
News

Mobikwik Planning To Turn Profitable By mid-2017

Gurgaon-based mobile wallet firm MobiKwik expects to turn profitable by mid-2017 and plans to diversify revenue streams by offering financial products like loans and mutual funds, a senior executive said. "We are looking at diversifying our revenue streams and our first goal is to be profitable on a monthly basis by middle of 2017," MobiKwik founder and chief executive Bipin Preet Singh told PTI. The firm looks to expand its financial services offerings and has started entering into partnerships with banks and financial institutions for the same. MobiKwik is partnering with non-banking finance companies (NBFCs) to offer micro-lending to its users, and is also looking at launching a mutual fund portfolio going forward, he added. The company is also focussing on the offline category, an...
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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, ...
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When We Trended on Twitter By Spending Rs. 200!
13Apr By No Comments
BLOGS

When We Trended on Twitter By Spending Rs. 200!

I suffer from all sorts of mania — often conflicting, always annoying for others: Chai-o-mania: drinking chai to the point that my stomach cries of acidity. Fitbit-o-mania: completing my daily 8k steps even if that means that I have to run clumsily at 11:45 pm on my arguably fragile terrace. Passion-o-mania: keep talking about that one idea so passionately that everyone around me starts believing in it. List-o-mania: writing everything in the form of lists. And the list goes on!   Some maniacs are short-lived, some last for a few months and some have been there since forever. One such mania is my obsession with lists and striking off an item from the list is my equivalent to the big O. So, it is only right if I say that the bucket list of our one-year-...
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‘Virtual Explosion’ of Entrepreneurship Going Forward in India: Anand Mahindra
12Apr By AnkitaNo Comments
Entrepreneurs Talk

‘Virtual Explosion’ of Entrepreneurship Going Forward in India: Anand Mahindra

Mahindra Group Chairman Anand Mahindra today said energy levels of Indians make him believe there will be a "virtual explosion" in entrepreneurship going forward. "If I use the adjective explosion, we will not be hyping it up...we have amongst the highest energy levels both in quality and quantity anywhere in the world. I see a virtual explosion in entrepreneurship," he said. The noted industrialist was speaking to reporters on the sidelines of the launch of a start-up award by visiting British royal couple - Prince William and his wife Kate. Though he acknowledged there is a talk of the start-up bubble bursting up, he said the Mahindra Group will continue to invest in the ecosystem through a specially-created venture called Mahindra Partners. There is already a talk of sta...
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GirnarSoft Acquires Road Side Assistance Co. Help On Wheels
7Apr By AnkitaNo Comments
ACQUISITION

GirnarSoft Acquires Road Side Assistance Co. Help On Wheels

GirnarSoft, which owns auto portals CarDekho.com, Gaadi.com and Zigwheels.com, today announced acquisition of road side assistance company Help On Wheels in an undisclosed all cash deal. The move will bolster the operations of GirnarSofts road side assistance (RSA) vertical, the company said in a statement. Founded in 2014 by Lalit Parmar and Nirmal Mitra, Help On Wheels has a client base of over 50,000 customers. It has a team of over 50 people to manage its operations and customer service. All the team members will join GirnarSoft. Both the founders will report to CarDekhos RSA vertical Car Owners Business CEO Ankur Agarwal. "Help On Wheels will help our road side assistance business scale faster, not only by giving us an established service network and client base, but also ...
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Need a Car Service At Home in Bengaluru? Try Carista
31Mar By kriti singhNo Comments
Story

Need a Car Service At Home in Bengaluru? Try Carista

How many times did you have to compromise your car services because the authorized service centers are just too expensive? How many times did you have to travel miles just to get a minor problem in the car fixed? How many times were you duped into believing that your technician was using “genuine” parts? “Car is one of the most valuable possessions of a household and you cannot trust just anyone with it.” Hence, founders Harsha Vardhan and Pradyumna Challa came up with the idea of Carista.   The Journey Founders Harsha Vardhan and Pradyumna Challa along with 2 other members started their entrepreneurial journey with Carfields.com, an aggregator of car workshops. With around 30 dealerships onboard and 8 months into product development, the founder realized a difficult truth – Their...
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