StartUps

Kickstarter has created 8,800 companies & 3lac jobs

By : CIOL Writers

A study by Professor Ethan Mollick from the University of Pennsylvania says that the crowdfunding website, Kickstarter has created around 8,800 companies so far. The website made it possible for big ventures such as the Oculus Rift and the Pebble

The Vault: A reality show for budding entrepreneurs of India

By : CIOL Writers

There is no dearth of reality shows in India catering to different kinds of talents from various art forms like music, dance or acting. But this one is surely one-of-its-kind in Indian television history. For all the budding entrepreneurs and

Book Uber & do multiple other stuffs on Snapdeal app now

Snapdeal will not let you leave its app, while you are shopping. For example, if you want to pay your bills, book flight tickets, order some food- you can do them directly from the Snapdeal app. Snapdeal has partnered Cleartrip,

Right to choose: Myntra and Jabong to operate as separate units

By : CIOL Writers

For all the unhappy souls who thought Myntra’s acquisition of Jabong took away their right to choose, we have a piece of good news. In an interview with ET, Myntra’s Chief Executive Officer, Ananth Narayanan has said that the two

‘Booster Kit’ for startups from Karnataka government

By : CIOL Writers

Karnataka government’s Startup Cell on Monday announced a ‘Start-up Karnataka Booster Kit’ for startups registered with it. The kit contains a gamut of software tools such as cloud credits, access to mentors, legal and accounting consultants, access the Government of

Quikr acquires Hiree, the online hiring platform

By : CIOL Writers

The Indian classified advertising platform, Quikr has acquired, Hiree an online hiring platform, aiming to expedite the hiring process, for an undisclosed amount. This collaboration will create a recruitment platform that connects over four million active candidates with recruiters across

India is world’s youngest startup nation

By : CIOL Writers

With three to four startups emerging every day, India has secured the third spot after US and Britain in terms of the number of start-ups, making us the world’s youngest start-up nation with 72 percent founders less than 35 years

Myntra acquires rival fashion portal Jabong for $70mn

By : CIOL Writers

Strengthening its position as the undisputed leader in online fashion and lifestyle segment in India, Bengaluru-based Flipkart has acquired online fashion portal Jabong from Global Fashion Group(GFG) through its arm, Myntra, beating the likes of Snapdeal, Future group, and Amazon.

DIPP asks IMB to expedite inspections for tax incentives for startups

By : CIOL Writers

Income tax exemption for three years in a block of five years for startups was one of the most lucrative incentives in the Budget package announced earlier this year. However, with long delays in scrutinizing and recommendations, the Inter-Ministerial Board

Kerala’s Startup Village named India’s best incubator

By : CIOL Writers

Startup Village, which has supported nearly 590 physical and virtual incubatees in Kochi and 200 in Visakhapatnam, has been named India’s best startup incubator by the Entrepreneur Magazine in their list of 100 best startup incubators in India. “It is a

Centre to incentivize startups to develop EVMs

By : CIOL Writers

Giving a boost to its Startup India initiative, the Centre has decided to encourage startups in the area of developing electronic voting machines. In a first-of-its-kind initiative, the government wants to encourage startups to come up with ideas on how

Madhya Pradesh to impose 6% entry tax on e-com firms

By : CIOL Writers

In a bid to increase its revenue generation, the Madhya Pradesh government has decided to impose 6 percent entry tax on e-commerce firms and plans to amend the legislation in this regard. The government estimates to receive at least Rs

UNCTAD program to help developing nations’ e-commerce market

By : CIOL Writers

The United Nations Conference on Trade and Development (UNCTAD) has launched a new initiative to help developing countries, including India, grasp the global e-commerce market, which has grown 38 percent from 2013, to be valued at around $22.1 trillion in

It’s a woman’s world for this rural digital media startup

By : CIOL Writers

Chambal Media, a rural digital media start-up, has partnered with Khabar Lahariya— an eight-page newspaper operated by a team of women journalists in the badlands of Bundelkhand since 15 years—to distribute and market its digital content on the same feminist

Startup space gears up for consolidation with 48 deals in three months

By : CIOL Writers

The startup space has started showing signs of consolidation with 48 deals in the past three months, according to Xeler8, a platform that tracks startup activity in the country. Whether it is a strategic move to eliminate competition, or to

Government inducts private orgs for Startup India Action Plan

By : CIOL Writers

The government has decided to include private organizations also as incubators under the Startup India Action Plan, besides the government-run 278 incubators. Twenty organizations, including Nasscom and iSprit, have been certified approve and recommend startups for the program. “There is

3 Indian startups chosen for YCombinator accelerator program

By : CIOL Writers

The might of Indian startups has begun to show, as the most successful accelerator program in the world, YCombinator has selected three companies from the country for its summer batch. The largest representation of Indian startups so far in the

Where are tech startups going wrong?

By : CIOL Writers

Remember when sale season was well categorized-summer sale, winter sale, end-of-the-season sale and so on. Today, you don’t need to wait for a sale season, for discounts are abound all year round, thanks to the e-commerce companies that jostle to

Myntra acquires mobile-based content aggregator Cubeit

BANGALORE, INDIA: Online fashion portal, Myntra has acquhired Cubeit, a Bangalore based tech start-up focused on content aggregation on mobile. Financial details of the deal is not disclosed. Cubeit team has been inducted into Myntra. Cubeit is Myntra’s third technology

Funding Roundup: OYO, Pitstop, Quickli, Overcart & more

OYO Rooms: OYO Rooms reportedly is in the process to raise a fresh round of funding worth Rs 413 crore through a proposed right issue of shares to existing shareholders, according to documents filed with the Registrar of Companies. OYO