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BW Online Bureau

BW Online Bureau

Latest Articles By BW Online Bureau

1.5 LAKH REQUESTS FOR MODI’S STARTUP MEET!

There’s a virtual stampede for passes for the India Start-Up meet, to be organized in the National capital’s Vigyan Bhawan later this week on Jan 16.

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YOU HAVE TIME, USE IT AND WELL - IT'LL REPAY

I was 16 then; had just dropped out of college for the want of money. Life looked like a puzzle solving which it appeared to be a daunting task. “What’s going to happen to me?” I always thought. Insecurity was taking its toll. Frustrations were way too much. I wouldn’t know if I would have money get even a morsel of food. Least to say: my life was pathetic.

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THE IDEA OF FREEDOM OF FOUNDER IS EXAGERRATED

Says Prashant Singh, the Founder and CEO of Shifu. The context-aware personal assistant app, Shifu, has been in the news lately for its acquisition for a reported $8 million by the Alibaba-backed e-commerce player, Paytm. It is expected that Paytm will leverage Shifu’s data analytics know-how to improve its consumer behaviour prediction mechanism and improve the platform’s overall shopping experience.

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Yuvraj Singh Invests in Rahul Yadav’s AI Venture Intelligent Interfaces.

Indian team cricketer Yuvraj Singh has made an undisclosed amount of investment in real estate portal Housing.com‘s co-founder and former chief executive officer Rahul Yadav’s e-Governance start-up venture Intelligent Interfaces.

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FOODPANDA FIRES OVER 300 EMPLOYEES

The online food ordering platform, Foodpanda, has sacked over 300 of its employees citing automation, which constitute nearly 15 per cent of the company’s overall workforce in the country. The company issued a statement saying the decision to cut jobs was taken after it achieved about 98 per cent automation rate in order processing, helped by a combination of stronger processes and controls to make operations more efficient.

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Democratizing Home and Office Spaces

Adjusting to the space size without making it look stuffy while you need to maximize the area can be a very energy draining task while you are furnishing your house or office. As more and more people are finding themselves in more and more small apartments now a days, it’s has become a challenge for everyone to make that small space either it’s a an office or a home space to look elegant airy and smoothly maintained.

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Startups meet the taxman

Startups are the new epicenter of economic activity in the country, but the tax-man is far from friendly towards them. For a 100 of them have registered in Hong Kong, Singapore and the US to raise capital. Top sources in North Block, which houses the finance ministry, say consultations have begun over incentives to startups in the form of tax sops to angel investors. The Revenue Department is working towards these making such incentives real. At the Center of this is the capital gains tax, levied on investors; and the tax on employee stock options (ESOPs), where a tax is levied on the income of the employee even before the company – that’s allotted those shares – has generated any revenue or has raised capital.

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CAREER POWER FINDS A NICHE IN A SEEMINGLY CROWDED TEST PREP MARKET

A report put out by Assocham had estimated that the value of the coaching industry in India was set to touch $40 billion this year, growing at an incredible rate of 35 per cent annually. For an Indian between the ages of 15 and 25, attending some sort of test prep center is almost a rite of passage, a must to even fathom attempting one of the highly intimidating and highly competitive selection of exams in the country.

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High Tech & High Touch: Giving the Elderly a Hand

In the fanfare around India’s increasingly younger population, we often lose sight of the fact that while our numbers swell so does the count of our elderly. Yet, we do not have any substantive public social security system and the care for the old is generally relegated to the familial space.

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ONLINE SPONSORSHIP MARKET A BOON FOR BRANDS AND EVENT ORGANISERS?

One of the most challenging tasks for an event organiser today is gathering fitting brands to sponsor their event, similarly a brand too is always on the lookout to spend advertising money in the right space to engage its core target audience effectively. With experiential marketing properties, be it large or small, popping up every now and then in the country, for both event organisesr as well as brands, the online sponsorship marketplace seems like a viable option to explore opportunities that can be mutually beneficial.

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