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Walmart-Flipkart: Young Entrepreneurs’ Pride, Government’s Shame

No sir, close to $14 billion out of the $16 billion could be flowing out to Japan, America, China and South Africa.<p>In one swift hack, India’s …

Entrepreneurship

3 Reasons Global Firms Should Keep Investing in India

A major debate has unfolded around India’s economic prospects. On the one hand, you have Prime Minister Modi declaring at the 2018 World Economic Forum that India’s economy, already the fifth largest in the world, will double, to $5 trillion, by 2025. On the other hand, you have the media pointing …

This Futuristic Startup Could Disrupt The Dairy Industry

Berkeley-based startup Perfect Day just announced the completion of their $24.7 million dollar Series A round, making another strong statement for the cellular agriculture industry. While most of the other prominent cellular ag startups are focusing on meat (Memphis Meats, Super Meat, Mosa Meats), …

Forestry

A little-known startup turned profitable by staying away from India’s Silicon Valley

A seven-year-old Indian startup has achieved profitability by taking the rather unconventional route of operating from an unusual location and staying away from venture capital funding.<p>Founded in 2011 by Partha Neog (43) and his classmate from high school, Anjan Pathak (43), Vantage Circle operates …

Startups

An Indian lingerie startup plans to save money by moving manufacturing out of China

One of India’s leading online lingerie retailers is all set to pivot its businesswith a round of fresh funding.<p>Bengaluru-based Buttercups today (Jan. 05) said it has raised an undisclosed amount from marquee individual investors including Google India head Rajan Anandan; Facebook’s director for …

Startups

The man who built an aeroplane on his Mumbai rooftop

<b>Seven years ago, Amol Yadav announced to his family and friends that he would build an aeroplane on the roof of a boxy apartment building in the teeming Indian city of Mumbai.</b><p>Incredulous friends and family members asked the young pilot how he planned to bring the plane down once it was complete.<p>"I …

India

Airbnb, Uber, And Ola Are Considering Using India’s Creepy National ID Database

Using the system would let the companies easily validate the identities of drivers and users. But experts say that the system isn’t foolproof, and has serious privacy risks.<p>Airbnb, the ride-hailing giant Uber, and its Indian rival Ola are exploring the option of adding Aadhaar, India’s …

India

The Four Benefits Of The New Goods And Services Tax (GST) For Startups In India

On 30 June 2017, during a special parliament assembly at night, Indian Prime Minister Narendra Modi addressed the nation and launched the Goods and Services Tax (GST) in the central hall, where first Prime Minister of independent India Jawaharlal Nehru delivered his famous ‘tryst with destiny’ …

India

Here's What You'll Pay After India's Massive Tax Overhaul

Any company wishing to sell its wares across India currently faces at least 17 different state and federal taxes. With the introduction of the …

Why a 'cashless' society would hurt the poor: A lesson from India

India recently tried to reduce the use of cash in its economy by eliminating, overnight, two of its most widely used bills in what was called …

Apple CEO touts India impact in push for deeper market access | Reuters

(Reuters) - Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world’s third-largest smartphone market behind the United States and China.<p>FILE PHOTO - A salesman checks a …

IT

Facebook's WhatsApp is so huge in India that one app reached 9 million users without spending a dime

Emerging brands in the U.S. count on Facebook to promote themselves online. In India, they also rely on a Facebook service, but one that doesn't cost …

Health Care

Indian government calls Google Maps unreliable, wants citizens to use its own mapping solution instead

The Indian government doesn't have a high opinion of Google Maps, and it conveyed that sentiment today by saying that the service is "not …

PremjiInvests Shows Concern Over Flipkart-Snapdeal Terms of Contract

The potential merger of Snapdeal and Flipkart, which was earlier happening at $1 billion amount, is said to be that now estimated between $300-400 …

Venture Capital

These Silicon Valley Investors Are Looking to India for the Next Wave of Hot Startups | Inc.com

<i>What Silicon Valley investors are investing significantly into Indian startups? originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world.</i><p><b>Answer by Ravish Agrawal, Community Manager Udacity, on Quora:</b><p>The following …

Venture Capital

Are These the Next To-be Unicorns in the Indian Fintech Space?

These five companies have all it takes to make a grand entry into the unicorn club<p>You're reading Entrepreneur India, an international franchise of Entrepreneur Media.<p>The boom of the start-up sector in India, bundled along with the government’s push for Start-up India, Stand-up India, has led to the …

Airbnb to acquire background-check startup founded by three Indians

Leading online lodging service Airbnb is buying a California-based background-check startup founded by three Indian-origin entrepreneurs in 2014 as …

Can a former OYO Rooms executive build a rival hotel aggregator that lasts?

Much before she was caught by the entrepreneurial bug, Ankita Sheth had already plunged into the world of startups.<p>As the head of acquisitions for OYO Rooms in Mumbai, the SoftBank-backed hotel aggregator, she had helped its founder, Ritesh Agarwal, build up the company’s business, connecting …

Hospitality

This Delhi Cafe Encourages Strangers To Become Friends By Sharing Their Tables Their Meals

We've got a huge food wastage problem in India, and it's really not helped by the sizes of portions in restaurants here. It's not their fault per se, …

India's GST launch spawns tech cottage industry for compliance

NEW DELHI (Reuters) - India's new Goods and Services Tax (GST), its biggest tax reform since independence, will unify a $2 trillion economy into a single market - and demand massive changes for small businesses that will have to go online to file their taxes.<p>Major software and service players, IT …

India

India’s most prolific hackathon winner never went to an IIT (or any other name brand school)

A farmer’s son who didn’t own a computer until college has become the toast of India’s hackathon scene.<p>Now a prominent face in the circuit, Ravi Suhag has made it a habit of sorts to win hackathons, where programmers from different fields—students, employees, hobbyists—get together to code over a …

India

Why India's Fintech Startups Are Flocking To Disrupt The UAE

India’s technology startup ecosystem has grown exponentially in recent years and now appears to have caught the eye of startup enthusiasts in the UAE. The Middle East nation is keen to elevate disruptive Indian fintech startups by providing them an international platform and financial support.<p><b>UAE’s</b> …

Startups

How India's Cash Chaos Is Screwing Over Their Neighbors — Oops!

Over three decades, Sri Lankan Tamil businessman Sundar Thangarajan built a stash of Indian bank notes totaling the equivalent of $2,000 as insurance …

Indian tech firm makes it official: Trump is a risk to its business

One of India's biggest outsourcing firms has formally called out President Trump as a danger to its business.<p>Bangalore-based Wipro has included Trump's election as U.S. president in a list of "risk factors" in its latest filing with the Securities and Exchange Commission.<p>"Significant developments …

U.S. Presidential Election

India’s Supr Daily raises $1.5M to expand its milk and grocery delivery service

Milk deliveries may not sound like an industry in need of disruption, but that’s exactly what one startup in India is working to do. Supr Daily — the company in question — graduated the Y Combinator accelerator program this year and now it has raised $1.5 million from a range of investors to expand …

Startups

Startup Urbanpod to Enable 1000 Pods By 2020 Across Metro Cities In India

Urbanpod is the brainchild of 3-young entrepreneurs- Shalabh Mittal, Hiren Gandhi & Berlin Lee who share common passion & values - that of doing …

India Set to Approve Amazon’s Grocery Service

Online retail giant plans to invest around $500 million over the next five years to build a nationwide network<p>NEW DELHI—Amazon.com Inc. has a multimillion-dollar plan to dive into the online grocery business in India, as looser restrictions finally allow it to sell some products directly to …

India

To B-Schooled or Not to Be: Learning Business from Family versus a B-School

“Can a three year B-school training impart a business acumen equivalent to a lifetime of learning from a business family?” asks Pratish Sanghvi, …

Entrepreneurship

India’s sluggish response to cyberattack that infected 3.2 million cards exposes its vulnerabilities

There has been no police investigation into the massive network breach reported last year, allowing the culprits to go scot-free.<p>In October, …

Uber has fired a top executive suspected of misconduct in an India rape investigation

A top executive at Uber’s Asia business has been fired because he mishandled the proceedings in a 2014 rape case in India, according to two separate media reports. Eric Alexander, president of Uber Asia, was shown the door after reporters began questioning his actions of obtaining medical reports …

India