Twenty Trends that will define Indian startup ecosystem in 2018

Source:, Dec 20, 2017

Fintech will deepen and lending and investing will continue to attract money. Because they will continue to prove very large markets.

Consumer behaviour will change for the good and finally prove that Indian consumers appreciate quality over discounts and that the market is more than just college students.

Brands, brands, brands. There aren’t enough brands to sell, online or offline, while the market gets deeper. Many more funds will want to get into this. Read the rest of this entry »


Karnataka woos agri start-ups

Source: The Hindu Business Line, Oct. 24, 2017

Hyderabad: Karntaka has asked agriculture start-ups across the country to look at the State that offers a ₹10-crore fund exclusively to support the fledgeling units.

He also asked corporates to get in touch with the ministry if they wanted to procure millets from the farmers.

Focussed sessions
“We are going to organise focussed sessions on agriculture start-ups ahead the international trade fair we are hosing in January next,” Karnataka Agriculture Minister Krishna Byre Gowda said.

Addressing millet growers, non-governmental organisations, start-ups and other stakeholders here on Tuesday, he said the State was procuring millets (ragi and jowar) from farmers, offering them ₹400 more than the minimum support price on a quintal.

Trade Fair
The Minister was here to promote the Organics and Millets International Trade Fair scheduled to be held in Bengaluru from January 19 to 21.

DIPP to move cabinet note on guarantee fund for startups

Source: The Economic Times, Sept 07, 2017

NEW DELHI: Keen to ease the flow of loans to startups, the Department of Industrial Policy and Promotion (DIPP) will move a cabinet note on a credit guarantee fund for budding entrepreneurs.

The government will use the fund to stand guarantee for loans given to startups. The fund was announced by Prime Minister Narendra Modi as part of the Startup India action plan in January 2016.

Accessing capital is one of the primary challenges faced by startups. The fund managed by the DIPP has a corpus of Rs 2,000 crore and will enable greater financial support to startups. “We have finalised the details of how the fund has to be managed. A cabinet note will be moved soon,” a senior government official said. Only startups recognised and certified by the DIPP can access the credit guarantee fund. So far, the industry department has recognised 2,865 applicants and 60 of them have been approved for a tax holiday.

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Start-ups can now raise 100 per cent of funds from foreign VC investor

Source: Business Standard, Aug 28, 2017

New Delhi: The Commerce Ministry in its consolidated Foreign direct investment (FDI) policy document released on Monday has for the first time included start-ups, which can raise up to 100 per cent of funds from Foreign Venture Capital Investor (FVCI).

Start-ups can issue equity or equity linked instruments or debt instruments to FVCI against receipt of foreign remittance, said the document which incorporates all the changes made in FDI policy over the past year.

“In addition, startups can issue convertible notes to person resident outside India (subject to certain conditions),” it said.

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Approvals to start-ups for tax sops multiply as govt softens stand

Source: The Hindu Business Line, Aug 18, 2017

New Delhi: Faced with criticism over the slow pace of approvals to start-ups for tax sops, the government has speeded-up the process with as many as 55 ventures getting the go-ahead in the on-going fiscal so far as opposed to just 10 approved in the last financial year.

“Approvals will be even faster in the coming months as now the inter-ministerial board (IMB) is giving reasons to applicants for non-approval and is allowing start-ups to apply again by making changes in their original proposals,” a government official told BusinessLine. The Prime Minister’s ‘Start Up India’ campaign launched in January 2016 with the objective of boosting entrepreneurship and creating more jobs across the country has been losing some sheen because of the low levels of tax incentives on offer and the handful of start-ups that qualified for it.

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Prime Minister Modi and Prime Minister Costa launch unique Start-up portal

Source:, June 27, 2017

New Delhi: Prime Minister Modi and Prime Minister Costa today launched a unique startup Portal – the India-Portugal International StartUp Hub (IPISH) – in Lisbon.

This is a platform initiated by Startup India and supported by Commerce & Industry Ministry and Startup Portugal to create a mutually supportive entrepreneurial partnership.

IPISH hosts a range of tools and will provide information on the start-up hotspots of Bangalore, Delhi and Lisbon; and on associated subjects, such as policy, taxation, and visa options. It will develop a Go-To-Market Guide to support start-ups.

IPISH is expected to help in mutual capacity building, and enable connections between start-ups, investors, and incubators from relevant sectors. It is also expected to establish a network of honorary ambassadors based in India and Portugal to guide start-ups from both countries.


There are strong complementarities between India and Portugal in the start-up sector. Portugal has one of the highest rates of business creation in Europe and has emerged as one of the most vibrant European eco-systems for entrepreneurship. Lisbon is hosting the Web Summit – a key annual international technology conference – for 3 years from 2016 onwards. The last Web Summit had 700 participants from India, and the number is expected to go up further this year. The governments of both India and Portugal are focusing on promoting Start-ups.

Commerce & Industry Minister launches the Startup India Hub

Source:, June 20, 2017

New Delhi: The Commerce & Industry Minister Smt. Nirmala Sitharaman today launched theStartup India Virtual Hub, an online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other.

Speaking about the need to bring the entire ecosystem together on one platform, Smt. Nirmala Sitharaman mentioned that Startup India Virtual Hub is an effort to create a marketplace where all the stakeholders can interact, exchange knowledge, and enable each other to grow. It will streamline the lifecycle of existing and potential startups, helping them access the right resources at the right time. She also encouraged all entrepreneurs in India to utilize this portal and all enabling stakeholders to contribute to the platform as much as possible. The Minister also announced a new initiative, wherein a Startup exchange program amongst the SAARC nations would be organized.

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