Chinese e-commerce giant, Alibaba’s payment affiliate, Ant Small and Micro Financial Services Group has reportedly invested approximately $200 million in the online food delivery startup, Zomato. In a regulatory filing by Info Edge, which is a large shareholder in Zomato, said that the food delivery company has signed a “definitive agreement to undertake a primary […]

India’s leading online grocery store, BigBasket, announced that it has received $300 million in a funding round led by the Chinese e-commerce giant Alibaba. The funding has strengthened BigBasket’s position in its competition for a greater market share with the US giant, Amazon. According to a filing made by BigBasket to Indian regulators, an Alibaba […]

In a move that will benefit startups across the nation,the Union Budget 2018-19 has extended the tax exemption for startups by two years and has expanded the definition so as to widen the scope beyond technology related venture. Startups that have been incorporated on or after April 1, 2016 and before April 1, 2021 will be […]

The highly anticipated Union Budget 2018 has left startups disenchanted. Startups across the country were hoping the budget would address the issues faced by them and meet their various demands. Their biggest hope was that the Union Budget would finally abolish the Angel Tax. But the spirits of startups and investors were lifted with the […]

The central government led by Prime Minister Narendra Modi, has been focussed on supporting startups and fostering the entrepreneurship spirit in the country. In lieu of this, the Startup India program was launched in January, 2016 which aims at creating a conducive environment for startups in the country by providing them with financial support and […]