Sandeep Soni

5 things Suresh Prabhu said after solving angel tax issue for startups

The commerce minister Suresh Prabhu after consultation with industry members and startups heeded to their demands of easing the angel tax regulations.

Industry News

How Flipkart, Amazon may bring deep discounts back to e-commerce

Legal experts say that e-commerce companies might look at different ways to ensure deep discounts continue.

Industry News

Angel tax: Govt raises exemption limit, revises startup definition

Considerations of shares received by eligible startups for shares issued or proposed to be issued by all investors shall be exempt up to an aggregate limit of Rs 25 crore," commerce minister Suresh Prabhu said.

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Meet India’s only startup among CB Insights’ 100 most promising AI startups

While 77 start-ups belongs to the US, 6 each are registered in China, Israel and the UK. The remaining are from other countries including Japan and India.

Industry News

Government launches online course, app to support potential exporters

The online course is funded under the ‘Niryat Bandhu’ scheme of Directorate General of Foreign Trade (DGFT) and is launched in partnership with the Indian Institute of Foreign Trade

Industry News

Dubai’s courier giant Aramex sells India unit to logistics startup Delhivery

The deal is yet to be closed but we are entering into the agreement of Delhivery buying Aramex India, said Hector Crasto, Aramex India's country manager.

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Ixigo CEO denies breach of user data; says payments information is not stored

We have not found any evidence to confirm this breach as of now although we continue to investigate further with security experts, said Ixigo's Aloke Bajpai.

Industry News

Infibeam records transactions worth Rs 11,470 crore; net profit jumps 1294% to this much amount

Infibeam's revenue increased 104% year-on-year to Rs 150.3 crore even as EBIDTA shot up from Rs 18.7 crore to Rs 45.7 crore for Q3 FY19.

Industry News

Hong Kong-based Garage Society focuses on large companies to take on WeWork, Innov8

Garage Society said it is aiming at the enterprise or large scale customers as compared to start-ups, small businesses and freelancers in its home country.

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Oyo stake sold: China’s largest ride-hailing company Didi Chuxing puts in $100 million

Oyo raised $100 million from Star Virtue Investments in exchange for 2,884 Series E compulsorily convertible cumulative preference shares allotted, said regulatory filings.

Industry News

After Google, Cognizant’s co-founder backs hyperlocal concierge startup Dunzo

Dunzo issued 4,251 Series C compulsorily convertible cumulative preference shares at a premium of Rs 52,872 each for the current round, according to the regulatory filings.

Industry News

Swiggy enters into Google-backed Dunzo’s turf, expands beyond food delivery

Swiggy's latest move into hyperlocal deliveries beyond food takes it into a market where startups such as Google-funded and Bengaluru-based Dunzo, Chennai's Genie, Hyderabad-based Whizzy have been operating.

Industry News

Angel tax: Government is taking stringent action against “bad companies”, says Piyush Goyal

Honest companies that raise genuine money on premium will not face any kind of action, this I want to assure the country and Parliament, said Goyal.

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Why large companies don’t walk the talk on innovation

84.9% respondents said innovation is very important, but 78% admitted to focus only on incremental changes, said a survey by CB Insights.

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This startup wants you to forget your keys, forever!

OpenApp's smart lock is operated through the app that sends alerts to the user about every lock and unlock activity or in case of a threat.

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Now, Zomato food delivered on bicycle

Zomato has partnered with bicycle-sharing and electric bicycle startups including Mobycy, e-HIRAN, TNT, Yulu, and Zoomcar’s PEDL for last mile delivery of its food orders.

Industry News

Asia’s richest Mukesh Ambani tops Hurun India Philanthropy list; here’s how much he donated in 2018

China's Hurun Research Institute came out with the list ranking India's top philanthropists who have donated Rs 10 crores or more between October 1, 2017 and September 30, 2018.

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TravelKhana denies CBDT allegations; CEO says assurances fell on deaf ears

In a blog post, Pushpinder Singh said that "There was no cash transaction as investment with us. Each transaction came through the bank transfers or equivalent."

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E-commerce policy likely to be announced before February 25, says CAIT

Government told CAIT that it will assess the impact of the e-commerce policy and will constitute the regulatory authority for e-commerce if required.

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Satya MicroCapital disburses Rs 680 crore in loans to 2 lakh micro enterprises

Microfinance startup Satya MicroCapital has disbursed Rs 680 crores in loans to 2 lakh entrepreneurs and micro businesses in India in less than three years of launch.

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Reliance new e-commerce venture to boost 3 crore small retailers: Mukesh Ambani

Asia’s richest man Mukesh Ambani today said that Jio and Reliance Retail will shortly launch a unique “new commerce” platform that will empower as many as 3 crore small shopkeepers in India. Textiles-to-tele

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Beware music streaming apps: Spotify says will be a “very, very strong” player in India

Spotify's CEO said that India is a very healthy ecosystem that comprises successful home-grown as well as foreign businesses in the marketplace.

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Now sign up for mutual fund SIPs on Paytm Money without paying upfront

Paytm Money will send the SIP for registration to the AMC after the first successful payment for SIP in the mutual fund scheme is made.

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Ola adds $16 million as its latest tranche to $1 billion war chest

The latest tranche is part of the $1 billion series J round that the company had announced planning in October last year when it raised $1.1 billion from China's Tencent and SoftBank.

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Angel tax: Government forms panel to ease tax burden on startups, says solution in next 5 days

Startups had requested the government to re-look at the policy expressing dissatisfaction over the changed norms announced last month.

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Swiggy makes its first AI bet; acquires this startup for technology boost

Swiggy's earlier buyouts including Scootsy, 48East, and SuprDaily, as per deals tracker Crunchbase, have been around delivery and concierge services.

Industry News

More than 2,100 startups slapped with angel tax notices, says IVCA, LocalCircles survey

From 2,883 startup responses, 45% startups had received one or two such notices while 28% startups said to have got three or more notices questioning the angel investment raised.

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