As the year draws to a close, Rediff's Senior Contributor Roshmila Bhattacharya takes a look at the hits and misses, the highs and lows, the newsmakers and the dealbreakers in alphabetical order.
Deep-tech now forms over half of VC portfolios in India as firms like Cornerstone, Unicorn India Ventures and All in Capital back startups combining research with scalable models
Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.
'He knew the world's eyes were on him, and he had to speak directly to the fears that immigrants in New York feel right now.'
Sebi wants angel networks to follow public and private placement norms
Investments in 2015 reach a record high of $46.4 million with 193 deals.
At a time when the Indian startup space is going through a funding winter, marked by investors tightening their purse strings, angel investments in fledgling firms have maintained their momentum. While overall deal volumes among startups have fallen, investment activity among the country's most-active angel investors have been relatively steady. We Founder Circle (WFC), a Mumbai-based network of angel investors, emerged as the most-active angel investment platform for the second consecutive year in 2023 with 82 investments.
The severe backlash that the Indian cricket team faced before its Asia Cup clash against Pakistan was a major contributing factor to the 'No Handshake Policy.
Ranjit Shastri, an active member of the Indian Angel Network and co-founder of PSi Inc, shares tips on how the young should learn the entrepreneurial zeal. In this concluding part he talks on how to maintain and nurture a start up and then move on.
The report is based on data collated from 5 large angel groups.
Few angels have seen exits; till that happens, they won't be rushing to invest again.
The tax forces young startups to part with a portion of the capital they have raised from investors due to disagreements over the valuation of the company by Income Tax officials.
Ranjit Shastri, an active member of the Indian Angel Network and co-founder of PSi Inc, shares tips on how the young should learn the entrepreneurial zeal. He talks on how to get started, maintaining and nurturing a start up and then moving on.
Also, a dedicated cell, headed by a member of the Central Board for Direct Taxes (CBDT), will be set up to address concerns faced by start-ups.
The smartest homes are not the ones that dazzle with tech, but the ones that disappear into your daily life while quietly elevating it.
'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'
It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.
India's first angel-backed start-up accelerator VentureNursery will train them intensely for 13 weeks after which they will get to pitch for seed funding.
'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'
Finance Minister Nirmala Sitharaman on Tuesday met top officials of the finance and corporate affairs ministries to review the implementation of various announcements of the Union Budget FY24. "The finance minister underlined the importance of continuous assessment of progress to ensure that various announcements are implemented in a time-bound manner," the finance ministry said in a tweet. Sitharaman also discussed in detail various issues on the digital competition laws with Rajeev Chandrashekhar, the minister of state for entrepreneurship, skill development, electronics and technology.
A cross-border business plan competition will be launched to connect entrepreneurs from India, Pakistan and facilitate investment and collaboration.
Piyush Shah of the Indian Angel Network believes that until you are convinced an idea must be executed, it's hard to convince others and such a venture is likely to fail.
Rehan Yar Khan of the Indian Angel Network discusses how young entrepreneurs should go ahead with their startup companies.
But, majority might be left out, as only those investing in entities recognised by the government could qualify
US senators have alleged that TikTok, owned by the Chinese Communist Party, has interfered in elections of various countries, including India, and called for extending the deadline for a ban on the platform in the US. They applauded India's ban on the social media platform, citing concerns about Chinese propaganda and data harvesting. Lawmakers, including Democrats and Republicans, introduced legislation to delay the ban by 270 days, arguing it would allow for a more thorough review of the implications and potential alternatives to a ban. They also criticized the rushed nature of the ban and its potential impact on free speech and the livelihoods of American users.
'Dreaming Big for success will never be something that only our pioneering entrepreneurs needed to do in their days. Some aspects of entrepreneurship may change and ease up, but never Dreaming Big,' says Mohit Goyal of the Indian Angel Network.
Soros, 94, in the recent past has spoken openly against Prime Minister Narendra Modi. The ruling BJP believe that he tried to interfere in Indian elections.
Sasha Mirchandani's tryst with investing began when his own venture failed to seek funding in early 2000s.
Ranjit Shastri, co-founder of PSi, Inc and member of the Indian Angel Network discusses what it takes to make up for a successful business.
For a segment that thrives on promise more than performance, the country's start-up ecosystem is refusing to get carried away by the funding this calendar year. This has created the highest level of uninvested venture capital in seven years as investors wait for corrections in the working and - more importantly - valuation of start-ups while looking for cockroaches instead of unicorns. "Investors are now keen to invest in companies that have good top and bottom lines.
Meet the trailblazers on Forbes 2018 list.
'Are we to believe that coordinated moves by the Canadian and US authorities are no longer taking place?', asks Ambassador M K Bhadrakumar.
An online platform suits many new angel investors who are professionals with tech companies or start-up founders.
Experts are betting big on the clause that talks of capital gains.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cash withdrawal at some banks, and impacted functioning of some brokerages. Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved.
India emerges as a top destination to set up incubators for global firms
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
Bulk of the medicine sales in the $22-24 billion domestic pharma market happens through offline retail chemists. With the entry of online pharmacies, this space has started to witness a shake-up. Sample this: Dawaa Dost, a Rajasthan based digital health start-up, generates medicine orders from 'kirana' stores and women self-help groups (SHGs) that operate in villages, and then service these orders through its affiliated network of pharmacies. Biddano, another health-tech start-up, has a platform that acts as an aggregator for neighbourhood chemist shops.