SME

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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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

reliance retail gets position in top 100 retail companies of the world Deloitte’s list 

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.

amazon, amazon online

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.

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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

flipkart, cci,amazon

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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OYO expands international presence, enters Philippines

"We believe that by setting foot in the Philippines, we are advancing our vision of strengthening our foothold in Southeast Asia," OYO Hotels and Homes COO Abhinav Sinha said.

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Now, book hotels on Paytm; Vijay Shekhar Sharma’s firm to invest Rs 500 crore

In the first phase of launch, the company has partnered with over 5000 hotels across the budget, luxury and business segments.

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Revised e-commerce FDI policy favours likes of Ambani, Biyani, Birla, says VC funds

The marketplaces should be given more time. The rules are particularly designed to favour large Indian corporates or investors who have Indian money, said Anand Lunia, founding partner at venture capi

fdi, foreign direct investment, fdi policy, fdi in india

Startup incubator T-Hub to expand size more than fourfold; appoints former Microsoft executive Ravi Narayan as CEO

T-Hub, India's third biggest startup incubator based in Hyderabad has appointed former serial entrepreneur and global director at Microsoft Ravi Narayan as its new chief executive officer.

T-Hub announces cohort-based incubation system Lab32; to incubate over 100 startups in a year

Fintech companies set new funding record; Asia sees biggest jump in deals in 2018

The 120% increase in total funding was mostly due to 52 deals that saw investments over $100 million and made up for $24.88 billion, the bulk of the total amount.

Fintech, start-ups, start up, cloud computing, AI, blockchain, internet connectivity,

Snapdeal’s veiled attack on large e-commerce firms; “glaring loopholes” used to flout norms

SoftBank-backed e-commerce marketplace Snapdeal has said that some companies were using “glaring loopholes” in the FDI e-commerce policy to run a proxy inventory-based model of e-commerce

SMEs restrained by lower utilisation of installed steel capacity

While the major players are operating at a level of 81% of capacity, the SME sector is restrained by a much lower utilisation of installed capacity (68%), primarily due to raw material shortages in ir

Against Flipkart, Amazon: Small firms Snapdeal, Shopclues support Feb 1 deadline for e-commerce FDI rules

ShopClues co-founder and CEO Sanjay Sethi echoed similar sentiments and urged for an "expeditious implementation of the policy clarifications, leaving no scope for extension to the given deadline".

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PolicyBazaar aims to collect Rs 3,500 crore premium in FY19

Policybazaar.com became the first internet-based company in India to turn profitable on yearly basis from among the start-ups that have emerged in the last decade in FY17.

PolicyBazaar, health insurance, India retail health business, Softbank, InfoEdge, health insurance

Indonesia turns third biggest market for SoftBank-backed OYO after China and India

OYO's launched its Indonesia operations in October 2018 with more than 30 hotels and 1,000 rooms in Jakarta, Surabaya, and Palembang.

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Real-life Farmville: Rent a farm, grow your own organic vegetables

Another benefit is that Farmizen follows a natural farming methodology, heavily relying on mulching, indigenous microbe solutions, activation of local earthworms and multi-cropping.

Citadel Intelligent Systems: Finding the right connect in fibre optics solutions

The startup provides specific fibre optics solutions to various industries.

Uniphore: Aiming to be an Indian product MNC in speech recognition solutions

The speech recognition solutions provider is looking to become a global player and recently started operations in the US market.

Pathology lab chain Oncquest Laboratories to add 18 labs, 500 collection centres by end of 2020

Oncquest Laboratories Aditya Burman said that the company will be spending around Rs 50 crore through internal accruals to fund the expansion plans.

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Yellow Tie Hospitality gulps down casual dining brand Bombay Blue from Everstone Capital

Yellow Tie will revamp the brand to make it more relevant to the competition and customers experience and then relaunch it in a fast-casual family dining format.

Now Paytm Money users can track all their mutual fund investments on its app; claims over 1 million customers

Investors would have to upload their Consolidated Account Statement (CAS) generated via Karvy Fintech on Paytm Money to track their all investments in their portfolio on the Paytm Money app.

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In Modi’s flagship Startup India only 88 of 2,197 ventures got tax exemptions

Department of Industrial Policy and Promotion considered only 88 of the total applicants as certified for tax exemptions, implying a strike rate of mere 4%.

US asks India to protect Walmart, Amazon investments; seek concessions citing ‘good relations’

The US government is concerned about India's revised e-commerce regulations and has told officials in New Delhi the policy will hinder the Indian investment plans of Amazon.com and Walmart

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Ayurvedic blast from the past: this startup is betting on nature to capture vast healthcare product market

Kapiva has over 40+ food products in its portfolio and has a presence in 10 cities via more than 4,000 outlets even as it sells through e-commerce marketplaces including Amazon and Big Basket.

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