The government of India today permitted 100 per cent FDI in the market place format of e-commerce retailing with a view to attract more foreign investments. As per the press note issued by the Department of Industrial Policy and Promotion (DIPP) on FDI in e-commerce, foreign direct investment (FDI) has not been allowed in inventory-based model of e-commerce. Global ecommerce giants like Amazon and Ebay are operating online marketplaces in India while Indian players like Flipkart and Snapdeal have foreign investments even as there were no clear FDI guidelines on various online retail models.
Read MoreLook around and chances are you would find more connected devices than humans! Our existence is more virtual – given the amount of time one spends on social media or thumbing through various apps – than physical. Resultantly, we are more digital than social animals (no pun intended)! And, companies that understood this, adapting quickly to the changed paradigm are the ones that are on the path to sustained growth.
Read MoreHyderabad based healthcare startup; Transcell Biologics has raised an undisclosed amount of investment from Indian Angel Network, India’s first and worlds largest business angel group.
Read Moreixigo, India’s leading travel search marketplace is launching a new app — ixigo coolie. The app will help Indian travellers book coolies at railway stations and porters at airports all across the country.
Read MorePicsdream, India’s first marketplace for photography, has raised angel funding led by Raman Roy, CMD Quatrro and Co-Founder of Indian Angel Network. Other prominent investors include Ankit Nagori, Ex-CBO Flipkart and Harish Natarajan, Former CEO Bausch & Lomb India.
Read MoreEVC (Entrepreneurship & Venture Capital), a leading global venture capital firm today launched a fund of $50 million in India. EVC is a global venture capital fund that is focused exclusively on early stage investments in Ad Tech, E-Commerce, Gaming, Education, Mobile Apps, Enterprise Software, Wearables and Internet of Thinks (IoT). EVC also operates EVC Accelerators in the United States and India where it provides capital and mentorship to help entrepreneurs turn ideas into unicorns.
Read MoreIn today’s ever-growing environment of funding-driven but revenue-starved startups chasing the Unicorn dream, here is the story of a startup who remained customer and revenue focused from day 1 and very quickly moved from being “Bootstrapped” to being “Revenue-Funded”.
Read MoreMilitary strategists from times immemorial have agreed on decision making as a key attribute of leadership. Good decisions make good leaders, and vice versa. The Prussian military theorist Von Clausewitz considered three ingredients of sound decision making by a leader or commander -information, intuition and genius. While the first is external, the second and third are innate to the decision maker. When we juxtapose this on the frictions of war, the ‘noise’ (both literal and figurative) affects the quality and veracity of information. Also, the necessity of speed in decision making implies a much greater reliance on the intuition and genius of the leader.
Read MoreOn-demand services are catching momentum across various cities in India. On-demand services with integration of Hyper local services are considered to be the future of businesses for delivering goods and services. Moreover, with the number of middle-class families preferring at-your-doorstep laundry services steadily on the rise, this business has immense potential. So much so, even global companies have started tapping into it.
Read MoreKoonk Technologies Private Limited incorporated on 11 November 2011. It is involved in Software publishing, consultancy and supply. KoonkBuddy has been developed by seasoned entrepreneurs and experts who know how to go about building business without losing out on money to third party vendors for certain processes. They have handrafted modules that will work wonders for your enterprise and also come with APIs.
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