Angel Tax, which is the tax on capital raised by unlisted companies by issuing shares in excess of their “fair market value”, continues to be a bone of contention for startups more than 18 months after the government exempted “innovative startups” from this tax. However, startups and lobbyists are hopeful that the government will resolve […]

An incubator programme launched by Paytm will look toward developers who provide top quality solutions incorporating technology and design in various sectors. The virtual incubator was launched as part of the ‘Build for India’ initiative and hopes to start with 20 different institutions, aiming to create a community for technology developers in the country and […]

Ahmedabad-based SME lending startup, Lendingkart Finance, announced that it has raised Rs 25 crore in debt from the State Bank of India (SBI). In a statement, the company said that the loan is in the form of cash and credit facility which will allow the startup to draw the amount in separate tranches as and […]

With plans of expanding their national presence, CoWrks has leased commercial space in three separate deals. The company, founded in September 2016, provides shared office spaces for startups and has leased space in Mumbai and Gurugram, of a total of 2.25 lakh sq.ft. “This is in addition to our three existing centres in South India […]