Here’s your scoop of attention-grabbing headlines from around the Indian startup ecosystem.
THERE IS SOMETHING FOR EVERYONE
T-Hub, which leads India’s pioneering innovation ecosystem that powers next-generation products and new business models, today announced the selection of 45 startups for the third edition of its incubation program, Lab32. It is a comprehensive incubation program, which is tailor-made for early-stage tech product startups
Budget 2020: Rationalizing GST rates on live entertainment will help attract investments and make India a world class entertainment destination – believes Mitesh Shah, Head – Finance, BookMyShow – as we move closer to this year’s Union Budget.
Sona Chatwani chairperson of FLO Hyderabad said that it is a knowledge enrichment activity connecting FLO Entrepreneurs with mentors in chosen areas such as branding, market research, mentorship.
All eyes will be on Finance Minister Nirmala Sitharaman as the startup ecosystem is hoping the Union Budget will take measures to improve investment in-flow, and solve some pressing taxing issues around ESOP, LTCG, and GST.
India’s youngest state Telangana has left behind other experienced states of the country in many areas. The state has earned a significant mention for itself at the annual meeting of the World Economic Forum held in the Swiss Alpine town of Davos every year. The four-day event, which starts today, will be attended by Telangana IT and Industry minister KT Rama Rao for the third time in a row.
Merge 2020, in association with HSBC India, is an event focused on fostering co-innovation and collaboration between tech startups, blue chip corporates, and global investors in the ecosystem.
The Microsoft for Startups programme’s Highway to a Hundred Unicorns initiative is keen to tap into startups from Tier II locations in India, and having them closely integrated with the company’s cloud platform, Azure
OYO alone is laying off 1,000 employees this month and more could follow in the coming months. The unicorn’s founder and CEO Ritesh Agarwal reached out to employees citing the startup’s new priorities for 2020 in a bid to restructure manpower.
Budget 2020: When the Finance Minister Nirmala Sitharaman will present the Union Budget 2020 in Parliament on February 1, fintech startups would be hoping that the government maintains the already lowered corporate tax rate of 22% that has helped them scale up operations.
Telangana Emerge X Winners with (L-R) Lathika Pai – Country Head, Microsoft for Startups, MENA & SAARC; Jayesh Ranjan – IAS Principal Secretary to Government of Telangana, Industries & Commerce (I&C) Dept., & Information Technology, Electronics and Communications (ITE&C) Dept.; Gayle Sheppard – Corporate Vice President, Microsoft Azure Data; and Rajiv Kumar – MD, Microsoft IDC and Corporate Vice President, Experiences & Devices, India.
As the Union Finance Minister Nirmala Sitharaman is about to present the Union Budget on February 1, leaders from the technology-based firms give their opinion on how the budget is going to shape the future of technology and the start-ups in India. They talk about various aspects that should be a part of the budget announcements and sectors that must be in the spotlight.
Budget 2020 India: While critics of a robust IP framework view the provision of basic legal protections a daunting task, let’s not forget that IP is an important factor in stimulating the growth of both small business and national economy.
AngelList and ET picked these individuals for the access they enjoy, follow-on rounds they have backed and the overall quality of these startups. ET spoke to these angel investors for providing another filter to the shortlist.