Startup India Opens Applications To Award Top Startups, Ecosystem Enablers

  • In a bid to support and recognise the innovation of the Indian startup ecosystem, the government’s Startup India project is looking to host National Startup Awards in 2020.
  • The National Startup Awards will recognise and reward outstanding startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact.
  • The government has said that the National Startup Awards has been conceptualised to further strengthen the startup ecosystem in the country.

Read full article: inc42.com

NHA-NATHEALTH Startup Carnival Showcases Amazing Innovations | IndianWeb2.com

  • ” NATHEALTH and NHA have already agreed to create the future of Indian healthcare through an accelerator program that supports startups to grow and to collaborate better with Government and industry.
  • During the Summit, NATHEALTH also announced the support of notable industry bodies CII, Association of Healthcare Providers (India), FICCI, Indian Chambers of Commerce (ICC), ASSOCHAM, PHD Chamber of Commerce, all of whom share a common vision for better, high quality and affordable healthcare in India.
  • Leading Healthcare Service Providers, Medical Technology Providers (Devices, Equipment & IT), Diagnostic Service Providers, Health Insurance companies, Health Education Institutions, Medical Journalism companies, Biotech/Lifesciences related companies, Healthcare Publishers, Healthcare Consultants, Home Healthcare companies, PE & VC companies and other stakeholders have come together to build NATHEALTH as a common platform to create the next level of momentum in Indian Healthcare.

Read full article: indianweb2.com

Pune Startup Launches ‘CYMOUR’ – India’s 1st Private Cycle Sharing Option | IndianWeb2.com

  • Pune Startup launches ‘CYMOUR’ – India’s 1st Private Cycle Sharing Option
  • Adding a new leaf to the sharing economy, a Pune based startup, Renacle Cycling Private Limited has launched India’s first private cycle sharing option under the brand ‘CYMOUR’.
  • In recent times, many countries have encountered an explosion in public bike sharing model.
  • CYMOUR is a brand, introduced by Renacle Cycling Private Limited, headquartered in Pune.

Read full article: indianweb2.com

News Roundup: 11 Indian Startup News Stories You Don’t Want To Miss This Week [Nov 25 – 30]

  • The homegrown ecommerce giant Flipkart rolled out a new feature called Flipkart Saathi to help users from Tier 2, 3 cities and rural regions navigate through the website with the help of audio and textual instructions.
  • Amazon’s cloud-based entity, Amazon Web Service (AWS) recently added 22 new languages along with expanding its services to six new regions across the world.
  • The global tech giant Google plans to launch a new segment, under Google My Business, which allows SMEs (small and medium enterprises to create online stores) and the feature is expected to be launched in 2020.
  • The duration includes one day, one week, one month and one year.
  • Truecaller plans to capture the Indian fintech market by launching its new credit business feature in 2020.

Read full article: inc42.com

DPIIT proposes new income tax regulations to promote budding startups – The Indian Wire

  • The new proposed income tax regulations are a part of ‘ Startup India Vision 2024 ‘, which aims to set up 50,000 new startups and 20 lakh jobs by 2024.
  • As per the sources, the DPIIT has suggested amendments in two sections of the Income Tax Act.
  • The Startup India Vision 2024 has been set up by DPIIT to help Narendra Modi -led government to boost startups in India.
  • Under the initiative, the government plans to set up 500 new incubators and accelerators in India by 2024.

Read full article: theindianwire.com

Lightspeed, Sequoia Sell 15% Stake In Oyo To Founder Ritesh Agarwal

  • Lightspeed Venture Partners and Sequoia Capital India have allegedly completed their transaction to sell about a 15% stake in Gurugram-based hospitality unicorn OYO to founder Ritesh Agarwal for $1.5 Bn.
  • In September 2019, OYO’s founder Ritesh Agarwal had said that he would be buying back shares worth $1.5 Bn from venture capital investors Sequoia Capital and Lightspeed Venture Partners.
  • The deal will take Agarwal’s shareholding to an estimated 30%.
  • The company, whose investors include Airbnb, SoftBank Vision Fund, Greenoak Capital, Sequoia Capital and Hero Enterprise, has raised close to $1.7 Bn in funding.

Read full article: inc42.com

How Online Train Booking Platforms Are Gearing Up For Indian Railways’ Privatised Future

  • Often mistaken as a synonym for Indian Railways, the Indian Railway Catering and Tourism Corporation (IRCTC) is a subsidiary of the Indian Railways that handles the catering, tourism and online ticketing operations.
  • The Next Generation e-Ticketing System (NGeT) was first launched in April 2014 to handle increased capacity for ticket booking as the existing system was not ready to handle the traffic.
  • While IRCTC remains the only government-run ticketing platform for the railways, private players began entering the online train ticket booking business in India around the early 2000s.
  • MakeMyTrip was one of the early entrants (founded in 2000) in the online ticket booking sphere which not only offered services for railways but also flight, hotel and bus booking catering both domestic and international markets.
  • Trainman is an application where people can check PNR status prediction for waiting list tickets, train seat availability, live train status & fare inquiry before IRCTC ticket booking.
  • Low margins and high government regulation come across as two major impediments for the online train ticket booking business in India.

Read full article: inc42.com

NATHEALTH and NHA to set up accelerator programme to support healthcare startups

  • As a part of its 6th Annual Summit, apex healthcare industry body NATHEALTH in association with National Health Authority (NHA), Government of India organised a carnival for healthcare startups in Delhi around the themes of digital health, investment, skilling, and mainstreaming innovation to drive a stronger healthcare narrative.
  • Indu Bhushan, CEO, NHA and Sudarshan Ballal, President, NATHEALTH with their team during the NHA-NATHEALTH Startup Carnival in New DelhiThe carnival aimed at supporting healthcare startups with access to capital and market, industry partnerships, mentorship and technology development assistance.
  • We aim to provide support to innovation through startups by leveraging our member’s product and technology expertise, global network, and capital partners,” said Sudarshan Ballal, President, NATHEALTH.
  • NIRAMAI Health Analytix, Meddo, among others, showcased their products and services at the kiosks at the carnival, which also opened engagement gateways amongst academia, startup incubators and accelerators, private industry and investors.” Entrepreneurship and a vibrant startup ecosystem

Read full article: yourstory.com

How Amazon India is promoting inclusivity at its silent stations (and other stories of the day)

  • One of India’s top online retailer, Amazon India, has been setting up ‘silent stations’ across Mumbai since 2017, where all the operations and package deliveries are handled by individuals with hearing and speech impairments.
  • Read more on how Amazon India provided opportunities to more than 650 individuals with speech and hearing impairments across its fulfilment network.
  • Freya Thomas, SVP, English Assessment and PTE Academic, talks about the company’s journey and what it aims to achieve in the coming years.
  • Ambrane’s growth to a Rs 103 Cr turnover brandAshok Rajpal, Founder and Managing Director, AmbraneAmbrane manufactures and sells mobile accessories and audio products across India and internationally exports to Dubai and Sweden.

Read full article: yourstory.com