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Topic: Angel investors

Startups

Angel investors must be spared India’s tax hell

Angel investors are helping create jobs while big corporates are reluctant to invest. Time the taxman realised that. About three years ago, Anup Kuruvilla left his corporate banking job in Hong Kong to return to Bangalore and assemble a group of wealthy individuals willing to place small, early-stage bets on fledgling founders. 1Crowd, the platform Kuruvilla and his partners helped set up, has 500 investors. Members co-invest with 1Crowd Fund, sharing the risks in mentoring young ventures: Some are bound to fold. The first successful exit, likely to occur when any of 1Crowd's current stable of 21 firms goes in for Series B funding, is still some ways off. The name of the game is patience. And that's one thing in short supply with the Indian government. The revenue authorities have been hounding tiny companies over money raised from investors, claiming their valuations are fraudulent and slapping them with a 30 percent...

On Camera

ram madhav

Why does the Right-wing want to ‘occupy’ Delhi’s liberal hotspot Khan Market?

BJP's Ram Madhav took party workers to Khan Market to celebrate the Lok Sabha victory to assert the "new political ideology and culture".

Defence

An AN-32 aircraft of the Indian Air Force

IAF workhorse AN-32 gets a fuel that’s green and creates jobs for tribals

The IAF will now run its AN-32 transport aircraft on a blended bio-fuel partly derived from trees. It plans to widen the experiment over the next two years.
Graphic by Soham Sen | ThePrint

Modi era begins in politics as caste factor fades. Here’s why he won’t be easy to beat

BJP's Mandir politics has subsumed Mandal under Modi-Shah and created a pan-Hindu vote. Modi's challenger has to invent a new politics.