[YS Learn] Business tips from the ‘startup mafia’ of Flipkart and Paytm
Founders can learn a lot from the experiences of the ‘startup mafia’ those who launch their own ventures after serving as executives at top startups.
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The “startup mafia” now forms a sizeable section of the Indian startup ecosystem, as former executives from the likes of unicorns Flipkart, Ola, and Paytmhave gone on to launch their own ventures.
Startups founded by such former executives typically attract a lot of buzz; there is investor euphoria as well. Many of them raise more funds than startups founded by fresh-out-of-college entrepreneurs or those lacking high-level corporate exposure.
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The finance minister proposed to extend the eligibility of tax holiday for startups by one more year. “In order to
incentivise startups in the country, I propose to extend the eligibility for claiming tax holiday for startups by one more year - till March 31, 2022. Further, in order to incentivise funding of the startups, I propose to extend the capital gains exemption for investment in startups by one more year - till March 31, 2022, she said.
Lauding the the move, fintech startup, Junio s Co-founder, Ankit Gera, said, “The extension of tax holidays for start-ups and capital gains will also
Statistics still reflect that across the majority of business sectors cash remains king. FP Staff January 31, 2021 18:33:55 IST Funding fintechs. Image courtesy CNBC-TV18
The financial health crisis of 2020 has already pushed the government to initiate a slew of measures to sustain the economy in the form of policies and packages. Since 2014, the government has encouraged digital payments and positioned digital enablement through financial inclusion as the cornerstone of the next wave of growth. Statistics still reflect that across the majority of business sectors, cash remains king.
Fintech firms shared with
Praveen Agrawal, Co-Head India, OakNorth
We believe that the major theme for this Budget will primarily revolve around technology as an enabler to various sectors and facilitating adequate funding alternatives to Micro, Small and Medium-Sized Enterprises (MSMEs). There
Ex-Paytm execs digital payments startup Junio aims to make kids financially smart
Shankar Nath and Ankit Gera’s startup Junio is a payments instrument for the under-18 group that draws from the concept of pocket money.
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A two-year sabbatical during which Shankar Nath, former Senior Vice-President of Paytm, was constantly asked, “What next?”, to which he would reply, “I am looking for options”, ultimately led him to start up with another former Paytm senior executive late last year.
Shankar and Ankit Gera, former Assistant Vice-President and head of growth at India’s most valuable unicorn, founded Junio, a payments instrument for children under 18 that works on the principle of pocket money.