04 Jul 2019

Startup NEWS, July 4, 2019

1. Dubai sets sight on Indian startups to become innovation hub 

  • Looking to transform itself into an innovation #hub, Dubai is wooing entrepreneurs from India, the third biggest startup base in the world, to set up shops in the emirate.
  • The hub organised roadshows at the #Indian #startup capital of Bengaluru and Delhi last month to identify and attract high-potential #startups from #India.

source: ET

2. Budget 2019: For startups, withdrawal of Angel Tax, revamping Mudra top the wishlist 

  • #Startup #founders and experts tell us what they want in this year’s Budget.
  • Among other things the startup ecosystem is expecting the #government to provide for simpler regulations surrounding the tax levied upon Employee Stock Options.

source: ET

3. Sajan Pillai to set up $75 million VC fund for startups 

  • “An advisory board has been set up to help #startups in these sectors. We have already spoken to the largest banks in the #world,” said Pillai.
  • Former CEO of California headquartered UST Global, Sajan Pillai, will kick-start a mega venture fund for #startups in September with an intial corpus of USD 50 TO 75 million.

source: ET

4. Can Budget 2019 be used to create the next set of Indian ‘Unicorns’

  • While the #Indian #startup ecosystem continues to shine, a lot more can be done in terms of innovation, #government policies and diversification to achieve the ‘unicorn’ status.
  • While #Indian entrepreneurs have it good, if we are to leverage our entrepreneurial dividend (and consequently our demographic dividend) then more is needed.

source: ET

5. Scripbox introduces goal based approach to investing

  • The new offerings are practical planning tools that help a consumer understand exactly what needs to be done and how they can do it.
  •  Yet most people are unable to plan well to meet all their financial needs. 2012 founded online investment services platform Scripbox wants to make the challenging task simple.

source: ET

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