Author: Rahul Mehra
News Editor

Founded by Madhvi Bhandari, a seasoned IT professional and entrepreneur, in the year 2000, this ISO 27001:2013 certified company has emerged as a one-stop BPM solutions provider with a team of more than 400 employees, comprising of 30% women workforce. Mangalam Information Technologies Pvt. Ltd. has emerged as an undisputed leader in fulfilling the offshore outsourcing needs of organisations worldwide. This Ahmedabad-headquartered company has instituted some best-in-class practices such as organisation-wide SOP for people and process management, emphasising personal and process training through online resources, in-house library, and sessions with industry experts. The company also has stringent 3-step HR testing…

UpScalio to scale the brand to Rs. 50 Cr. Revenue in 1-2 years It takes UpScalio’s total number of investments to nine brands this year. The company plans to invest in 5 more brands by the end of the financial year. New Delhi, January 31: UpScalio has invested in Truphe, an NCR-based home and gardening brand, continuing their rapid pace of investing in and scaling online-first brands. Truphe is a leading manufacturer and distributor of gardening tools, seeds, planters and other accessories. Mr Honey Gupta started Truphe in 2015, before which he had founded a profitable B2B lead generation platform.…

Delhi, Gujrat, Maharashtra & Rajasthan are among the top states with the highest sales across borders. USA, UAE, Nepal & Singapore are among the top countries where Indian sellers and brands shipped their products.  Home Decor, Health & Personal Care, Grocery, Fashion & Jewellery categories clocked in the highest sales. November & December were the highest performing months in terms of GMV. January 31: Eunimart, a Unified SAAS Platform Suite that powers Omnichannel Sales for Small to Medium Global Retail Brands, today released a report on how India sells and the performance at the global commerce front in 2021. The report revealed that…

Mumbai, Jan 29: India’s leading Ecommerce rollup Evenflow has entered into a partnershipwith Assiduus, one of the world’s leading and fastest-growing AI-powered cross-border cross-marketplace e-commerce accelerator, to strengthenits cross- marketplace supply chain. Founded by former Uber executives Utsav Agarwal & Pulkit Chhabra in 2021, Evenflow aggregates third-party sellers on e-commerce platforms like Flipkart and Amazon. It acquires online marketplace sellers in the range of $200k – $2 million per brand. This partnership brings together Assiduus’ global distribution and supply-chain management expertise with Evenflow’s proficiency in acquiring profitable third party sellers with strong product portfolio and scaling them massively on marketplaces…

January, 29: Leading fashion brand for plus size women Not Size Zero launches India’s first calendar featuring plus size women by fashion designer Somwya Sharma. The shoot took place at four different locations featuring 24 plus size models. The locations of the shoot were Dr. Zombie Café, CP, a garden, at the street and in the park. The calendar launch was scheduled virtually on 26th January 2022 at 8:30 PM. The celebrity guests of the virtual launch event were Akshaya Naik (PLAYED THE ROLE OF ANANYA IN SERIAL YEH RISHTA KYA KEHLATA HAI) and Bishamber Das (BRITAIN’S FIRST ASIAN PLUS…

Dr. Preet Pal Thakur, Co-founder GlamyoHealth, said, “Healthcare, for obvious reasons,  is likely to be the sector of focus in this financial budget. As a Health-tech startup focused on elective surgeries, I would wish that the GST on Health insurance premiums be removed – a step that will accelerate the insurance penetration in masses and remove inequity in healthcare access. Specifically for the startup ecosystem, I would request the honourable finance minister to tax the ESOPs only at the exercise. There is still some ambiguity. It will help startups like Glamyo Health to hire and retain good quality talent as…

Shubhankar Chaudhry, the CEO of One Moto India, said, “To create a robust ecosystem for Electric Vehicles and give a boost to the EV market, the Indian government should focus on putting EVs in the priority lending sector. Currently, very few NBFC’s and financial institutions are providing affordable lending to potential end-users and fleet operators. Additionally, the government needs to push for more R&D in affordable and indigenous battery technology development, which is currently the biggest pain point for EV players. Our current dependence on lithium imports, of which Chinese players dominate 90%, is a strategic disadvantage for Indian EV…

Mr. Kundan Shahi, Founder & CEO of LegalPay, said, “Insolvency and Bankruptcy Code has been one of the key revolutionary m8oment during the last decade akin to the UPI moment for the fintech industry. However, given the pandemic and distress in the insolvency domain, the code needs further refinements and amendments to re-start the economic machinery for a quicker and more effective resolution. The Insolvency Law Committee has also proposed specific critical changes to the code, such as timelines for approval of resolution plans, closure of the voluntary liquidation process, a continuation of avoidance transaction proceedings, etc. However, the authorities…

Mr. Gaurav VK Singhvi, Co-Founder, We Founder Circle, said, “The startup income tax exemption which is available to startups is very complex and time-consuming. We understand the government must look for a simpler procedure. Additionally, ESOPs taxation is a hurdle for startups. In the early stages, startups cannot offer handsome salaries; therefore, they provide ESOPs. However, if ESOPs have a tax liability at the current valuation, then even that cushion is not there anymore. Furthermore, Indian startups cannot raise funds through SAFE Notes, the most acceptable instrument across the world. Lastly, I request the government, the way they have established…

Mr. Sahil Miglani, Co-Founder, Geekster, said, “The Pandemic has changed the way learning happens and also fast-forwarded the adoption of online education by 5-10 years. Delivering quality education to every town and village of the country is now possible, provided we improve the digital infrastructure. We expect the government to revisit the high GST on education-related services and overall higher budget allocation to this sector.” Mr. Himanshu Tyagi, CEO & Founder of Digikull, said, “In India, any skill development related service must come under the lowest tax slab. The government should revisit the 18% GST on skilling, which is very…