Stayzilla founder arrest shakes up Indian startup community


Over 175 founders have sought Vasupal’s release.

(From left) Stayzilla founders Sachit Singhi, Yogendra Vasupal and Rupal Yogendra.
startup computer pixabay
Indian government may alter ‘start-up’ definition

The government may change the definition of a start-up following criticism that the current one that defines such companies as those that are less than five years old and have annual sales not exceeding Rs25 crore was too restrictive. “We are finding that this definition needs to go through a… Read more »

People walk past a retail shop of the SoftBank telecommunications company in Tokyo, Japan, May 10, 2016. REUTERS/Thomas Peter/File Photo
SoftBank nears deal to invest $3b in US startup WeWork: CNBC

Japan’s SoftBank Group Corp is close to finalising an investment in U.S. office-sharing startup WeWork, in a deal expected to be worth over $3 billion, CNBC reported on Monday. The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1… Read more »

Ashish Gupta, Helion Ventures
RML AgTech
Photo: Mint
A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan
Singapore Institute of Management Atrium. Credit: Flickr/Sue
We see tremendous opportunities to partner with incubators: Alan Wong, SIM’s Platform E

The Singapore Institute of Management (SIM) is keen to collaborate with overseas institutions to widen the scope of its latest initiative called Platform E, which is aimed at training and helping entrepreneurs, incubate business ideas and accelerate go-to-market activities for entrepreneurial ventures. SIM plans to invest S$50 million ($35.2 million) to support the development of future… Read more »