The startup vertical in India is buzzing with activity. Every day, fresh reports carrying Unicorn status news, is fueling funding and infusing fresh energy into entrepreneurs who are boldly venturing to create new startup industry categories. These soonicorns have translated their innovations into working, revenue earning models and rank among the unique startups in India. There are reports that...
The Indian Constitution grants the government the right to levy taxes in accordance with the Indian tax system. Tax revenues from the citizens of India are collected by the government to finance public works projects and improve the country’s economic standing. In India, the tax system is divided into three levels: central, state and local government. The Indian tax system allows taxpayers...
Thinking about starting your own business? To turn your vision of a profitable venture into reality, you’ll need funding. Entrepreneurs sometimes fund their businesses with personal assets and cash. However, most require outside funding for which they submit a “funding request.” What is a funding request? Essentially, a funding request is a written request for funding from a...
Over the last few years and especially during the pandemic, the country has witnessed a surge in the number of startup businesses that have made their presence known. From grocery delivery services to travel tickets, online marketplaces to books and tech gadgets, there has been a spurt in the number of people using e-commerce to fulfill their daily needs. Because of the large number of...
While the economy of India might look rather gloomy at the moment, there is one sector that continues to grow in leaps and bounds and that is online retail, or the e-commerce sector. With more and more Indians using the internet, the revenue of e-commerce companies could very well triple over the next few years to 504 billion rupees. And when we talk about retail, it is not just Flipkart, Amazon...
The future of retail lies in e-commerce. Every established retail store actively seeks to have an online segment as this can boost sales up to 40% with some hard work, dedication and time. All those desirous of starting an online business must be prepared to do business online as without it, they will seem odd and will be cutting into their own profits. There are a number of steps to...
From its very inception in 2008, Blockchain technology has had a substantial influence on the internet. The invention of blockchain led to the creation of Bitcoin, the world’s first cryptocurrency. The cryptocurrency exchange is a great example of how valuable blockchain technology can be. Many businesses are already considering launching their own profitable cryptocurrency exchange in...
Do you love travelling and want to make it your career? You can indeed consider starting your own travel agency. There’s no reason not to do it. The tourism industry in India has enormous potential, and with the introduction of new technologies, there is little doubt about its continued growth. People just go online for all types of travel solutions, from purchasing a plane ticket to...
When it comes to getting a startup off the ground, entrepreneurs have many things on their minds. Often, the first question that comes to mind is how to get funding for a business startup and when one should approach the investors? Persuading investors and getting them to sign the cheque is difficult because the majority of them are sceptical and critical. Investors know that only 10% of...
The process of bid management and tenders should be a well defined one in order to be mutually beneficial to both suppliers and vendors. A highly efficient and wholly balanced bid and tender management process results in the reduction of costs and managing risks and improves the quality of the supply chain at the same time. Before venturing out into the nitty-gritty of things, it is a good...