Sandeep Soni

Budget 2019: 100% FDI for insurance intermediaries to boost number of new businesses, product offerings

Budget 2019 India: India’s insurance gap worth $27 billion (in absolute terms) is the second largest in the world after China's over $76 billion.

Budget 2019 News

Budget 2019: Nirmala Sitharaman’s sops for NBFCs to boost their access to capital, lending capacity to MSMEs

Union Budget 2019 India: Enhancing credit guarantee for portfolio purchases will improve the flow of funds to healthy NBFCs. This will help NBFCs provide unsecured lending to MSMEs that struggle for capital.

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Unicorn India Ventures looks to boost Series A funding in India with second fund for startups

Prominent early-stage venture capital firm Unicorn India Ventures has launched its fund for early-stage startups with a total corpus of Rs 400 crore.

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Grofers pumps additional capital in Series F round even as BigBasket, Amazon, Flipkart heats up competition

SoftBank-backed online grocery venture Grofers, which announced $200 million in Series F round in May this year, has added modest $10 million to the existing round from Abu Dhabi-based Capital Investment LLC.

Online supermarket Grofers forays into packaged milk category, price to be 12% lower than competitors News

Budget 2019: Capital gains exemption from house sale till 2021 to help entrepreneurs fund startups

Budget 2019-20: This will also help enhance angel level funding. 2018 was a tough year for startups looking to raise angel or seed capital as only 484 deals happened in the entire year vis-a-vis 1,030 in 2016 and around 760 d

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Budget 2019: Social stock exchange to attract VC funds, impact investors toward social startups

Union Budget 2019 India: On the lines of the Social Stock Exchange in the UK, SASIX in South Africa, Impact Investment Exchange in Singapore, SVX in Canada, the Indian government is planning to have its own stock exchange.

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Paytm gains foothold in Japan with these many PayPay users; to partner with South Korea’s KakaoPay

Paytm had launched QR-based payment service PayPay last year in Japan in partnership with SoftBank and Yahoo Japan to "promote the broader use of cashless payment in Japan and to provide highly convenient services to both con

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Budget 2019: Startups cheer Nirmala Sitharaman’s focus on ‘new-age’ AI, IoT skills to meet demand for tech talent

Budget 2019-20: The demand for the number of roles in AI and big data in India stood at around 5.1 lakh in 2018 that is expected to grow at a CAGR of around 16 per cent to about 8 lakh to 2021, as per Nasscom.

Budget 2019 News

Budget 2019: Nirmala Sitharaman’s sops for logistics industry to help India become $5 trillion economy

Budget 2019-20: The government’s focus on building a digital India is again highlighted with its willingness to train people on AI, IoT and Big Data that will transform the supply chain and logistics industry

Budget 2019 News

Budget 2019: Startup TV Channel interesting but aspiring entrepreneurs may not watch for inspiration, says expert

Budget 2019 India: Among many sops announced by the finance minister Nirmala Sitharaman in her maiden budget speech for startups -- a television channel was probably the least expected yet most interesting.

Budget 2019 News

Budget 2019: New National Education Policy, focus on research and innovation to boost number of startups

Budget 2019 India: The government has proposed “major changes” in school and higher education apart from having improved governance systems and focus on research and innovation.

Budget 2019 News

Budget 2019: Small traders’ body calls budget ‘revolutionary’; hails pension benefit, investors’ summit

Union Budget 2019 India: Among the key steps taken by the government for traders has been extending the pension benefit to about 3 crore retail traders and small shopkeepers having less than 1.5 crores in annual turnover.

Budget 2019 News

After Ola, Paytm, Flipkart launches credit card loaded with cashback; partners with Axis Bank, Mastercard

After Ola and Paytm, which is May had launched their credit cards, Walmart-owned e-commerce major Flipkart has launched its credit card in partnership with Axis Bank and Mastercard to boost cashless payments by giving its cus

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Tiger Global’s hunt for B2B startups continue; now backs industrial tools marketplace Moglix

Moglix, which competes with the latest publicly-listed internet company IndiaMART, has raised $60 million in series D round of funding led by Tiger Global and participation from Sequoia India and Composite Capital.

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OYO is now world’s third largest hotel chain; might go for IPO after three years

OYO currently has around $1.5 billion available to further fuel its growth even as it has scaled rapidly on the back of its success in China with a presence in 337 cities and over 500,000 rooms.

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Samsung joins growing club of corporate VCs in India; begins with backing 4 startups

Samsung venture capital arm -- Samsung Venture Investment Corporation (SVIC) has joined a large number of foreign and domestic corporate such as SoftBank Group, Alibaba, Google, Microsoft, Amazon, Intel, etc., in backing Indi

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Budget 2019: Travel startups welcome Nirmala Sitharaman’s maiden budget; expects ‘exponential growth’ for sector

Budget 2019-20: Finance minister Nirmala Sitharaman had announced on Friday about developing 17 “iconic tourism Sites into world-class tourist destinations and to serve as a model for other tourism sites."

Budget 2019 News

Budget 2019: Nirmala Sitharaman sees entrepreneurship as way for every ‘Nari’ to truly become ‘Narayani’

Budget 2019 India: The finance minister stressed on the government support for women entrepreneurship through multiple schemes including self-help group (SHG) initiative, Standup India, and Mudra.

Budget 2019 News

Edtech unicorn Byju’s raises $150 million to ramp up international, regional expansion

Raising cash pile gains significance for Byju’s as it has been aiming for expansion not just regionally but also internationally and building new products.

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Indian startups, investors tap neobanking market; after Tiger Global, Tencent and Horizons back neobank startup

Even as neobanking is a fairly new concept in Asia but in Europe, there are neobanking unicorns like Revolut, N26, Monzo, etc., that have become unicorns in a few months after launching.

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Budget 2019: Nirmala Sitharaman’s budget ‘little disappointing’ due to lack of commitment to healthcare, say experts

Union Budget 2019 India: The health ministry saw a marginal increase in its outlay, in this year's budget, from Rs 52,800 crore last year to Rs 62,659 crore this year with Rs 6,400 crore earmarked for the government’s key h

Budget 2019 News

Paytm eyes over Rs 20,000 crore in GMV from education business in FY20

Paytm said that it is planning to have more than Rs 20,000 crore in Gross Merchandise Value (GMV) from its education business in the current financial year.

Paytm neither charges nor will charge any convenience or transaction fee News

SoftBank might push OYO’s early investors Sequoia Capital, Lightspeed India to exit to increase shareholding

SoftBank might be seeking OYO's top investors -- Sequoia Capital and Lightspeed India Partners' exit from the company to enhance its stake in from current around 48 per cent stake.

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Selling on Flipkart? Cleartax will help you with GST, ROC, other compliance requirements

Flipkart currently has more than 1 lakh sellers on its platform, most of whom are MSMEs. Hence, supporting them becomes critical for Flipkart to retain and attract more sellers.

Industry News

Budget 2019: SME e-payment, free digital transactions, online credit in fintech push to drive financial inclusion

Budget 2019 India: The finance minister stressed on the easy credit access to MSMEs for which up to Rs 1 crore loan is introduced within 59 minutes through a dedicated online portal.

Budget 2019 News

Budget 2019: How Nirmala Sitharaman’s maiden budget will boost rural economy through startups, SMEs

Union Budget 2019 India: The launch of a television channel for startups “to promote them, discuss growth issues, matchmaking with venture capital (investors) for funding and also for tax planning” is expected to encourag

Budget 2019 News

Budget 2019: Removal of regulatory friction to help India achieve target of 50,000 startups by 2024

Budget 2019 India: The ease in regulatory compliance from the finance minister Nirmala Sitharaman as she presented Modi 2.0’s first union budget found resonance among the startup ecosystem.

Budget 2019 News