The Government of India has broadened the definition of a startup by saying that a business not older than seven years will qualify for benefits such as reduction in patent application fee and a tax holiday, under the startup India program. In the case of startups in the biotechnology sector,...
India’s Stock Market Regulator Announces Relaxed Listing Norms
With the aim of boosting India’s startup ecosystem, the Securities and Exchange Board of India, the body that regulates Indian stock markets, has relaxed listing and fund raising norms for the startups. According to India’s IT industry trade body Nasscom’s key findings of the India Start-up Report 2014, there are:...
4 Indian Startups in Billion Dollar Club
The Wall Street Journal’s and the Dow Jones VentureSource’s Billion Dollar Club includes startups that venture-capital investors believe are worth at least $1 billion and have raised money in the past three years, and four Indian startups make the list. Ranked 5th of 73 companies listed is Flipkart Internet Private Ltd.,...
Culture of Start-ups is developing in India
According to my good friend Saurabh Srivastava, who is based in the New Delhi area, "There are dynamic entrepreneurs who are trying to run their start-ups at a fast-growing pace. Given the market condition which is full of potential, a lot of venture capitalists are investing in start-ups as they...