Best Of Inc42

The lending ticket size ranges between INR 8K- INR 10K, tenure upto 6 months

The service is currently available for Axis Bank customers using Freecharge app

Plans to cross-sell more financial services to non-axis bank consumers

Law firm, Cyril Amarchand Mangaldas has setup a startup incubator

Firm already uses AI tools for legal research and precedence research

3-4 startups to be selected for the 6-month long programme

Grozip facilitates B2B and B2C ecommerce in Tier 2 & 3 cities of India

Grozip founder was a part of Alibaba’s eFounders Fellowship November 2018 cohort

The company is now looking to expand in Ranchi, Bhopal, Indore, Bhubaneswar, and Raipur

Studies reveal that automation may cause loss of jobs

The workforce will get younger after AI disruption, experts say

New educational institutions will evolve to fit the future workforce requirements

The DPIIT Notification does not address the startups who have already received I-T orders

The notification does not address Section 68 of the Income Tax Act

The process of IMB certification for purposes of Section 80-IAC remains the same

In 2018, Mumbai raked in $914 Mn funding across 143 deals

96 unique venture capital firms of India participated in 2018 funding deals of Mumbai

Blume Ventures nabbed the top position with 22 deals

2016 marked the launch of DigitalOcean’s India datacenter, its 12th globally

‘Hatch’ is DigitalOcean's global startup program designed to support businesses as they launch and scale

More than 2,000 startups globally have benefitted from the Hatch program

There are currently 3500 edtech startups in India

Technologies like AR, VR, blockchain and STEM Labs are further boosting this sector

A few startups which make list are Smartivity, Unacademy, Upgrad among others

The belief of ‘you can do it’ is very important for entrepreneurs

When a person is thinking he wants to start up, he or she is ready to do so

Feeling of uncertainty rather arises from the perspective that one should not venture out

Interim FM Piyush Goyal announced measures to drive AI tech in India

Govt has identified nine priority areas, and a national portal on AI: FM

AI Industry welcomed the initiative

Interim Finance Minister Piyush Goyal did not clarify on EV policy

No new initiatives to boost emobility was announced during the budget

The minister only reiterated the government goals for the development of EV sector

The broad narrative of the Interim Budget 2019 is one that is pro-economy, pro-development

Women entrepreneurs highlighted that gaps still persist in government initiatives such as Mudra Yojna

In the upcoming Full Budget 2019, women entrepreneurs demand better funding and policy structure