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PM Modi Announces Three Year Tax Holiday, Rs. 10,000 Crore Fund For Startups

Narendra Modi, Startup India

Prime Minister Narendra Modi on Saturday announced opening app-based registration for companies to be completed in a single day, a startup fund of Rs. 10,000 Crore and waiver of capital gains tax for startups among the several allowances that government has decided to make for startups. “There will be no income tax on startups’ profits…

SBI Launches an Exclusive Branch for Startups Called InCube

The branch was inaugurated by SBI Chairman Arundhati Bhattacharya in the presence of Mohandas Pai, G.V.Ravishankar (Sequoia) and other industry relevant people from the industry. Adding a comment on the development, SBI Chairman, Bhattacharya said, “SBI is striving to make its structure more amenable to the requirements of startups. We want to be a part of…

Fundera Has Accelerated $12M In Funding For More Than 300 Small Businesses

fundera

Fundera, the lending match-maker for SMBs, has helped secure funding for over 300 small businesses, with more than $12 million in loans funded. The company originally launched in February 2014 as a service that paired SMBs looking for a loan with the lenders who could help them out. In the beginning, it was simply a…

Why TransferWise’s $1 Billion Valuation Will Terrify The Banks

Transferwise

London-based finance startup TransferWise has just raised $US58 million in venture capital funding, with the Financial Times reporting that the company is now valuated at almost $US1 billion. Even in Silicon Valley, the $US1 billion mark is significant. But in the UK, it’s a huge vote of confidence in the European technology scene (especially as…

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