The startups, businesses and entrepreneurs want three things to grow.
- First is funding.
- Second is relief from Tax.
- The third is the Motivation to work more and more.
- Funding — JK International Chairman Akshaypat Singhania Launches a Fund of Rs 100 Cr to Invest in Startups.
How many people want to start their own business or have started their business? But still struggling to raise fund for their startup. 94% of new businesses or startups fail during the first year of their business because of the lack of funding. Money is the common reason for every demise business. Every startup, business or entrepreneurs need a fuel named capital to generate revenue. That is why every business person ask, “how to get money for an early-stage startup?” “how to get funding for a startup in India?” “where can I get funding for my startup?” and “how to get initial funding for a startup?”.
Now the new and built startups are getting funds from different sources like –
Mumbai based — Industrialist Mr Akshaypat Singhania chairman and MD of JK International has created a fund of Rs. 100 crore to invest in a lifestyle, media, entertainment, healthcare, food, beverage and lot of other startups. He is looking forward to investing in early-stage startups in the range of 2 to 4 million dollars. According to the report he already invested in service restaurant and lifestyle. He is also expecting to close an investment in the oral healthcare sector.
2. Tax Relief — Govt says genuine startup investments will not be taxed
Many startups, businesses or entrepreneurs one side suffering from funds and another side from income tax. The government of India on Wednesday inform those genuine investments in a startup will not be taxed for exceeding fair market valuation. Tax department officials hold those companies who act as vehicles for financial irregularities. If the startup can explain how the valuation is justified, there is no tax liability on the premium, said an official, who spoke on condition of anonymity. This is an anti-evasion provision built into the law.
3. The Motivation — Yuki He, CEO of LiveMe: Expecting to Reach to More Than 90M Indians from Our App in the Financial year 2019
But still, many startups are giving their best to raise funds, to develop their business and for getting popularity. Like the Chinese entrepreneur Yuki He founder and CEO of LiveMe, the fastest-growing independent live broadcasting app with 70 Million users globally. The popularity of this LiveMe app is live-chat, real-time experience and gaining followers. They have recently celebrated two years of its operations in India and Every day they get 50k users coming on their app. They are expecting to reach more than 90 million Indians from their app LiveMe in the Financial year 2019.