Startup India

Increased liquidity among the middle class, thanks to the tax rebate, is expected to boost ecommerce, consumer startups

Can startups expect engagement with the government through Ayushman Bharat?

Startups pin some hopes on National AI programme, but how successful will it be without a focus on higher education?

India stands alone in discriminating against its citizens from investing in Indian companies via measures like the “Angel Tax”

Out of $38.5 Bn funding into the Indian startups, only 10% is from Indian sources

Out of 30 Indian unicorns and 26 soonicorns, a third of them are headquartered overseas

MoF has always been supportive of startups, says DPIIT Secy

However, angel tax issue yet to be resolved

The union budget increased allocation for ‘Make in India’ programme

Angel tax exemption is the top priority for 25% of Indian startups and investors

Fund of Funds for startups is not being disbursed efficiently, say 25% of startups polled

GST reduction, FDI and Medical Innovation Fund are the other demands

15,472 startups have been recognised under the Startup India programme

13,176 recognised startups have reportedly created 1,48,897 jobs

45% startups have at least one or more women directors

Being a young economy, our GDP growth rate is better than many other large economies

Today, India is among the top three destinations for startups in the world'

DIPP launching State Startup Ranking will only encourage more states to support entrepreneurship

The letter, signed by 70 startups, demands a safeguard from Section 56(2)(viib) of the I-T Act

If the angel tax issue is not addressed, it will derail the development of startups, the letter said

An accredited investor mechanism must be adopted to encourage capital investments

The States’ Startup Ranking 2019 will evaluate the progress during May 1, 2018, to May 31, 2019

DIPP has sought feedback from the startup ecosystem fraternity on the proposed methodology

Gujarat was rated the ‘best-performing state’ in the Ranking 2018

GSF is organising GSF Techtales and Cocktails: Disruption in Fintech on December 12

Startup Clubs will be hosting Demo Day 2018 on December 15-16

The Indian government hosted a venture capital summit in Goa

The Centre has already committed $223 Mn under the FFS, which is expected to make a corpus of $2.2 Bn available for startups

55% of the startups are located in Tier 1 cities while 27% and 18% are based out of tier 2 and 3 cities

1.30 Lakh jobs have been reportedly created by 11,727 startups at an average of 11 jobs per startup

Karnataka leads the startup race with an aim to house 20K startups by 2020

20 out of 29 states have announced startup-supportive measures in last two years

Rajasthan and Telangana setting up two of India’s largest incubation facilities.

WhatsApp will invest $250K (INR 1.8 Cr) as seed funding in the top five winners of the WhatsApp StartUp Challenge

Invest India will also work along with WhatsApp to increase awareness about its business tools

An additional $250K (INR 1.8 Cr) will be directed towards some selected startups to promote their WhatsApp business number on Facebook