Team Inc42

Engineer.ai is an LA-based startup which builds bespoke software

Company to focus on APAC region, MENA, and South East Asia

Set to cross the $100M revenue mark before the end of 2020.

The 42Next is the part of Inc42’s flagship annual report, ‘The State Of Indian Startup Ecosystem 2018’, unveiled during The Ecosystem Summit

Inc42 evaluated thousands of startups to arrive at the ‘42Next’

42Next are the startups that have shown extraordinary resourcefulness to overcome challenges on their way to success

RDGlocal has offices in Beijing, Delhi, Hong Kong, and Guangzhou

The RDGlocal fund intends to close multiple deals within this fiscal year

The fund is aimed at building an ecosystem of content assets in India

The Ecosystem Summit brings together the movers and shakers of the startup community under one roof

Hosted at the Hyatt, Delhi, the event will feature interactive sessions on funding, unicorns, technologies, and more

Stay tuned into the Inc42 website and Twitter channel for insights into India's complex and evolving startup scene

Ecommerce companies are required to deduct tax at source on all payments made to their sellers

Implementation of the rule was put off repeatedly and came into effect from October 1

Companies have to deposit tax collected in last month to the center by November 10

According to Avnish Sabharwal, the biggest challenge that deep tech startups face is of a long gestation period

“For deep tech startups, the biggest problem with data is getting access to it,” says Sabharwal

According to him, most of the collaborations seen between startups and corporates end at the proof-of-concept level

Only Devendra Kumar has confessed to stealing personal data from Paytm founder Vijay Shekhar Sharma's mobile and computer and has admitted to Sonia Dhawan's involvement in the extortion plan

Sonia Dhawan has been working as the Secretary of Paytm chief Vijay Shekhar Sharma for 10 years

Sonia, along with three other accused, planned the extortion of INR 20 Cr

VSS’s Secretary accused of planning to extort INR 20 Cr ($2.71 Mn) has been working with Paytm since January 2010

The accused are booked under Indian Penal Code sections 381, 384, 386, 420, 408, 120 B and 66A of IT Act

“ We are standing by our colleagues,” said Paytm in a statement

This is MobiKwik’s first acquisition and will mark its foray in wealth management

MobiKwik will invest $15 Mn in wealth management over next one year

The company claims to have a user base of 107 Mn

The investment was led by UK-based investor Anil Patel

Togedr plans to use these funds for expanding its presence in India & Southeast Asia

Togedr was also selected to be a part of FBStart in January 2017

There is more requirement and demand for early-stage funding and people try to organise themselves by forming small funds

There needs to be a balance when an exit takes place

It’s always best for the cap table to reflect the people who are actually contributing to the company today

'The Dialogue’ discussed the PDP Bill in detail, including changes startups will have to make in data collection and processing practices

It also discussed how the Bill's data localisation mandate will affect startups’ cost efficacy and operations

It discussed how startups can keep costs in check while meeting the mandate of taking users' consent and classifying their personal data