11 Oct 2019

1. InnovationQore launches in India with Rs 50 crore funding start InnovationQore is in talks to raise more from private equity and venture capital firms, Ganesh Raju, the CEO, said. Turbostart plans to invest and accelerate at least 100 startups in the next two years. Source: ET 2. Social e-commerce…

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30 Aug 2019

1. Flipkart close to investing $40M in logistics startup Shadowfax If the deal goes through, it will be Flipkart’s third investment in the logistics space after earlier backing trucking platform BlackBuck and locker provider QikPod. Flipkart is close to investing around $40 million in logistics startup Shadowfax, as the…

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23 Aug 2019

1. Small startups with turnover up to Rs 25 cr to get promised tax holiday: CBDT The turnover limit for small startups claiming deduction is to be determined by the provisions of Section 80-IAC of the I-T Act and not from the DPIIT notification, CBDT said. The Central Board…

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22 Aug 2019

1. Small startups may not get promised tax holiday The exemptions are subject to the startup meeting conditions specified by the DPIIT in its February 19 notification, which had amended the definition of startups. Indian startups with turnover in excess of Rs 25 crore may have to pay income…

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