SME
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.
NBFCs should be allowed to issue credit cards: Payments Council tells Nandan Nilekani-led RBI Committee
Digital payment industry body PCI suggested Nandan Nilekani headed RBI Committee on Deepening of Digital Payments to allow NBFCs issue credit cards (physical or digital).
Angel tax relief finally coming for startups; higher limit, easier definition, more on anvil
CBDT Chairman Sushil Chandra has recently stated that they have received several suggestions from startups on exempting them from Section 56(2)(viib) of the Income Tax Act.
OYO grows over 4X on year to $1.8 billion; claims adding more rooms than top 3 hotel chains combined
OYO Hotels and Homes has said that its hotel sales globally went up by 4.3x from $0.4 billion in 2017 to $1.8 billion in 2018.
Amazon brings its own retailer Cloudtail back after tweaking structure to meet new FDI norms
India's modified foreign direct investment rules that kicked in on Feb. 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies, have equity holding
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.
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 i
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.
Amazon grocery service slowly returns in India after e-commerce disruption
Investors too have criticized the policy, saying the sudden changes to the e-commerce curbs raise broad worries about an unstable regulatory environment in India.
Walmart may exit Flipkart after revised FDI rules for e-commerce, warns Morgan Stanley
Morgan Stanley said there is a precedent for an exit as Amazon retreated from China in late 2017 after seeing that the model no longer worked for them.
OYO India eyes Rs 1,400 cr revenue in FY19 after logging Rs 416 crore in last fiscal year
OYO attributed the growth to "notable increase" in exclusive room supply, increase in stayed room nights by 2x and consistent margin expansion.
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.
Binny Bansal speaks up! Here’s what Flipkart founder has to say after Walmart ouster
Bansal, who still holds 4 percent of Flipkart and a board seat, has since kept a low profile.
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.
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.
FDI e-commerce rules: $50 billion wiped off from market cap of Amazon and Walmart
Amazon shares tumbled on the Nasdaq by 5.38% to $1,626.23 per piece on Friday while NYSE-listed Walmart's stock price ended 2.06 % lower at $93.86.
Uber, Swiggy, Zomato, Oyo to tie up with National Health Authority for Ayushman Bharat
For now Uber will set up Partner Seva Kendras in 10 cities such as Gurgaon, Delhi, Noida, Pune, Mumbai, Ahmedabad, Lucknow and Jaipur for Ayushman Bharat scheme.
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.
Better enforcement of FDI policy on e-comm to push growth of sector: Minister
Better enforcement of this policy will contribute significantly to growth of this sector over medium and long term," he said in a written reply to Lok Sabha.
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.
FDI e-commerce policy: Amazon suspends grocery service; withdraws multiple products
The rules have forced the company to take-down its key grocery service Amazon Pantry and also withdraw different products such as sunglasses and floor cleaners from its India website.
Why Reliance Mukesh Ambani e-commerce move is nothing like Birla, Tata, Godrej past experiments
How Reliance serves every single customer with timely doorstep delivery, instant returns, refunds, fight fake products etc., to take pole position in the $38.5-billion e-commerce market has to be look
Amazon sees “uncertainty” in impact on e-commerce sector with revised FDI norms
Amazon said that company is evaluating the situation to avoid any "unintended consequences" for its users and sellers.
Govt cuts Rs 3 crore from FY20 allocation for Startup India programme
According to the budget documents, the government in this year's budget reduced the allocated amount to Rs 25 crore from the revised estimate of Rs 28 crore in FY19.
Ola’s revenue surges by 61% to Rs 2,222 crore in FY18; losses cut by more than half
Ola has more than halved its consolidated losses to Rs 2,842.2 crore, while growing revenue by almost 61 per cent during FY2018.
Flipkart slams roll out of revised FDI e-commerce policy; says decision taken in “haste”
Flipkart said that it is committed to doing everything to be compliant with new e-commerce rules even as the (FDI e-commerce) policy must be created in a consultative, market-driven manner
Retail, fintech startups dominated funding landscape between 2016-18; raised this much capital
Based on data from deal discovery platform Tracxn, retail and fintech were among the top three sectors attracting funding between 2016-18 period.
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