Venture Center
The Venture Center is India’s largest science business incubator.

The Venture Center is a technology business incubator specializing in technology startups offering products and services exploiting scientific expertise in the areas of materials, chemicals and biological sciences & engineering.

The core purpose is to nucleate and nurture technology and knowledge-based enterprises for India by leveraging the scientific and engineering competencies of the institutions in the region.
Venture Center strives to nucleate and nurture technology and knowledge-based enterprises by leveraging the scientific and engineering competencies of the institutions.

The Venture Center aims to empower and enable scientists and engineers in pursuing technology, innovation and entrepreneurship objectives.

The Venture Center is the trademark of Entrepreneurship Development Center, a not-for-profit company hosted by the National Chemical Laboratory.

For more details, click here

The Pradhan MantriRojgarProtsahan Yojana(PMRPY) Plan Scheme has been designed to incentivize employers for generation of new employment, where Government of India will be paying the 8.33% EPS contribution of the employer for the new employment. This scheme shall be applicable for those new employees earning less than Rs.15000 per month, who was not working in any establishment registered with EPFO in the past and did not have Universal Account Number prior to 1st April,2016.

This scheme has a dual benefit, where, on the one hand, the employer is incentivized for increasing the employment base of workers in the establishment, and on the other hand, a large number of workers will find jobs in such establishments. A direct benefit is that these workers will have access to social security benefits of the organized sector.The payment by government shall be made after the employer credited employees’ contribution with EPFO.
 Eligibility Criteria:

1. All establishments registered with EPFO can apply for availing benefits
2. Establishment should have Labour Identification Number (LIN) allotted to them under shramsuvidha portal
3. Employee should have a valid aadhaar linked Universal Account Number (UAN) and wages less than or equal to 15,000
4. Textile sector establishments eligible to get additional 3.67% of EPF contribution
5. Registration on PMRPY portal mandatory to avail benefits.

Duration of the scheme:

This scheme shall be operational for a period of 3 years and the government shall pay 8.33% employer contribution for the next 3 years i.e. the employers will continue to get the 8.33% (additional 3.67% in case of textile) contribution paid by the Government for these eligible new employees for the next 3 years, from the date of acquiring a new UAN or 09.08.2016, whichever is later, provided they continue in employment in any EPFO registered establishment. However, recently government has enhanced the scope by which the government shall now contribute employer’s full admissible contribution for first 3 years from date of registration of new employee for all sectors and to existing beneficiaries for remaining period.
Process:

1. Employers can visit the PMRYP site and log in with their LIN/EPFO registration ID.
2. The employers can then fill in the organizational details as mandated. This includes the Organizational PAN, the nature of the industry or sector as per the classification by the National Industrial Classification Code NIC-2008, which is maintained by the Ministry of Statistics and Programme implementation.
3. The scheme is to cover employment of new workers earning wages that are less than INR 15000, per month. There must be specific mention of the job role and post for the new employment along with the date the employee would join and the date of exit, if it is applicable.
4. The PMRPY form has to be submitted by the end of each month by the eligible employers at the earliest, preferably by the 10th of the following month.
5. Failure to submit the required information online on the PMRPY form by the designated time of 10th of the following month, the employer will stand to lose his benefits under the PMRPY Scheme for that particular month.
6. The employer will have to pay 3.67 percent EPF contribution towards the new employees for the submission form to be determined.

Startup Name	Website	Industry / Vertical	Investment Type	Investors' Name	Amount (In USD)
OpenTap	http://www.opentap.in/	Finance	Seed / Angel Funding	Unknown High Net-Worth Individuals	450,000
Bizongo	https://bizongo.in/	Consumer Internet	Private Equity	B Capital, International Finance Corporation (IFC), Accel Partners and IDG Ventures	22,000,000
Disprz	https://www.disprz.com/	IT	Seed / Angel Funding	IL&FS Private Equity, Kae Capital & Others	2,500,000
PaisaDukan	http://www.paisadukan.com/	Consumer Internet	Seed / Angel Funding	N/A	225,000
i3sysytems	http://www.i3systems.in/	Technology	Seed / Angel Funding	Unitus Ventures, BehramVakil and JerxisVandrevala	1,000,000
Earth Food	https://www.theearthfood.com/	Consumer Internet	Seed / Angel Funding	Rairah Corporation	949,000
Nykaa	https://www.nykaa.com/	Consumer Internet	Private Equity	Sunil Munjal, Harsh Mariwala, Dalip Pathak and Others	24,000,000
Mfine	https://www.mfine.co/	Healthcare	Private Equity	Prime Venture Partners, Stellaris Venture Partners and MayurAbhayaSrisrimal	4,200,000
Rocketium	https://rocketium.com/	Technology	Seed/ Angel Funding	Blume ventures	300,000
MilkBasket	https://milkbasket.com/	Technology	Private Equity	Kalaari Capital, Unilever Ventures and Blume Ventures	7,000,000
Vola	https://www.volaloans.com/	Finance	Seed/ Angel Funding	Credika and unnamed angel investors	500,000
Cashkumar	https://cashkumar.com/	Consumer Internet	Seed/ Angel Funding	LetsVenture	735,000
Edyoo	http://www.edyoo.com/	E-Commerce	Seed/ Angel Funding	RS Shanbag	735,000
Aashiyaan	http://www.aashiyaan.in/	Finance	Seed/ Angel Funding	Insistor, Oikocredit	2,000,000
Smartivity	https://www.smartivity.in/	Ed-tech	Seed/ Angel Funding	Ashish Kacholi, S Chand Group	2,000,000
Bonphulapl	http://bonphulapl.com/	Clean-tech	Seed/ Angel Funding	Atul Gupta and Saurabh Rastogi	293,000

June 07	June 10	June 14	June 15	June 20	June 30
TDS/TCS Challan	PT Payment	Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of April, 2018	PF and ESI Payment	GSTR- 3B (May 2018)	Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA & 194-IB in the month of May, 2018
	GSTR-1 (May'18) - for registerd persons with aggregate turnover more than 1.5 crores		1st Installment - Advance Tax		Due date for furnishing of statement of income distributed by business trust to its unit holders during the FY 2017-18 in Form No. 64B
			Quarterly TDS certificate for Jan - Mar 2018 (non-salary)		GST TRAN-2 (July 2017 to Dec 2017)
			Annual TDS certificate for FY 2017-18 to employees		Submit Annual Performance Report to RBI

 

1. 30^th June 2018: Josh Talks Jammu 2018- Jammu

Venue: BRIG. RAJENDRA SINGH AUDITORIUM, UNIVERSITY OF JAMMU, GUJARBASTI, JAMMU, INDIA
Time: 11:00 AM – 4:00 PM
 
Objective: Josh Talks in partnership with Facebook is all set to host #BoostYourBusiness, an event that brings together business pioneers and upcoming professionals, on the 30th of June in Jammu. This day-long conference cuts across genres to bring you incredible stories of gritty people who will surely be your next role models.

2. 30^th Jun 2018: Startup Manthan Patna

Venue: BIHAR ENTREPRENEURS ASSOCIATION, L-202, FRASER RD, 2ND FLOOR, DUMRAO PALACE, PATNA, INDIA
Time: 9:00 AM to 5:00 PM
Objective: ‘STARTUP MANTHAN, Patna’ a flagship event for startups organised by RaiseMyStartup on 30 June 2018. Startup Manthan by RaiseMyStartup is a hunt across Pan India with a goal to boost market visibility for the most promising and early-stage startups. It is an unconference designed for early stage entrepreneurs focusing on peer learning from contemporary founders. The format is conducive to creating an informal yet high energy interactive environment, by keeping the main agenda of startups exposure. The event will bring together prominent startups, founders, influencers, investors, and ecosystem enablers together for an engaging and stimulating discourse. Startup Manthan is a one-of-a-kind series of startup events spread across every Indian state. Through Startup Manthan, we are looking to support the startup ecosystem that is building up in cities beyond the big 3 startup hubs. The aim is to help bridge the gap that currently exists between the ecosystems in tier I and tier II cities by making the essential resources available to emergent startups in these geographies.

3. 9^thJune 2018 : Personal Branding Workshop for Career Growth- Pune

Venue: Jaksh Instituteof Digital Marketing, Nityanand Society, New Nurses Town Cooperative Society, Dhankawadi, Pune, India
Time: 4 PM – 8 PM
 
Objective: To help people understand the difference between doing a Job and having a CAREER. There’s a difference. People with a Career get better Market Positioning, Best Salaries, Top Class
Networking, Fame and many more things. So this the place where you come with a Job or with an ambition to do any job and step out to make a Career.

4. 11^th June 2018 – 14 July 2018: Startepreneur 2018- Hyderabad

Venue:Ayyappa Society, Madhapur, Hyderabad
Time:11 AM onwards
 
Objective: Startepreneur is a 30 day startup training program where participants learn all the major aspects of building a startup and running it sucessfully, The main idea in this course is learning how to rapidly develop and test ideas by gathering massive amounts of customer and marketplace feedback. Many startups fail by not validating their ideas early on with real-life customers. In order to mitigate that, students will learn how to get out of the building and search for the real pain points and unmet needs of customers. Only with these can the entrepreneur find a proper solution and establish a suitable business model. Building a startup is not simply building an execution plan for a business model that the entrepreneur thinks will work, but rather, a search for the actual business model itself.

5. 23^rd – 24^th June,2018: Eductech Expo 2018

 
Venue: IndiraGandhi Stadium complex, IG Indoor Stadium, ITO, Vikram Nagar, New Delhi
Time: 9 AM onwards
World’s Largest EduTech Show & Championship on Robotics & Automation, TechnoXian 2018.TechnoXian2018 has become hallmark event that draws huge students base age group between 12 to 25, parents, Teachers, Principles, Industry Experts, franchise buyers, business entrepreneurs, channel partners, distributors, trading community, visitors, aspiring entrepreneurs, local people all under one roof to showcase their offerings which gives individuals an opportunity with a chance to learn and interact with each other.
Highlights and details of the Event:
Appx. 35,000 young participants in International Robotics League (IRL) and World Robotics Championship (WRC)
INR USD 17000 worth award money for winner teamsto create excitement
Tech summits and automation conferences by industry experts.
Most advanced technologies Training & Workshops.
170+ exhibitors (Educationist and companies)
60,000+ Participants from 32 countries.

Country: Indonesia

Overview
Indonesia, being the fourth most populous country in the world, has seen growth in the digital world over the years. The market for ecommerce has grown due to high capital investment by prominent investors such as Softbank, Alibaba, Sequoia Capital, Lippo Group and JD.com. Innovations in the field of logistics, travel & hospitality, enterprise solutions and fashion has solved many basic problems of the common man. Indonesian President Joko Widodo, a vocal supporter of digital innovation, plans to create 1,000 local tech start-ups worth US$10 billion by 2020. However, in the recent past Indonesia has seen decrease in startups being founded despite increase in number of funding.

Opportunities
Potential in various sectors
The top three entrepreneurial markets – USA, China, and India are saturated with startups. Indonesia has fundamental, challenging and obvious problems to which opportunistic startup can address. The sectors that need innovations include telecom, internet, energy, food and agriculture.

Talented pool
There is no cutthroat competition among startups to hire the best talent which gives the opportunity to have the best Indonesian talent.

Young, large and burgeoning population
The median age in Indonesia is around 28 years. The young population is, thus, open to exploitation of the market. Further, there is a rise in the middle and affluent class. Some people believe that the Indonesian market provides an opportunity similar to China in 2008.

Challenges
Domination by unicorns
About two-thirds of the market is occupied by 4 major industries – enterprise solutions, social media, finance and ecommerce. The low diversity in the Indonesian startup ecosystem results in a high competitive environment in each industry which means new startups have to face a unicorn-dominated-market. Also, investors tend to raise more funding in mature startups rather than companies which are in their early stages.

Poor Internet Infrastructure
To absorb the rapid growth, the internet infrastructure needs to be further developed to facilitate the startups industry. Indonesia’s IT speed lags behind countries with similar economic development stage.

Government Regulations
Indonesia is placed third in the Corruption Index 2016. There is high corruption and inefficient procedures for establishing startups which is a major challenge. It takes over 2-3 months to get over with the legal and bureaucratic formalities. Further, Indonesia has not been able to provide stable electricity.

Culture
A lack of transparency and corporate governance means that there is widespread corruption and organized crime in Indonesia. Industrial disputes are also commonly stated by businesses as being a difficulty, and it is recommended to do extensive due diligence on all contracts.

Main startup hubs in Indonesia
The economy of Indonesia has great potential owing to the number of characteristics that have put the country in the phase of newly advanced economic development. With a population of over 10 million, Jakarta is regarded as the main hub which is home to some of the most successful tech startups – Go-Jek, Matahari Mall, Tokopedia&Traveloka. While Yogyakarta has emerged as another startup hub due to the Universities giving access to top engineers, Surabaya and Bali are also amongst the favorite hubs.

Few notable startups in Indonesia are:

• Tokopedia – Regarded as Indonesia’s one of the biggest online marketplace today, Tokopedia ensures smooth business online between merchants and buyers and has increased the assurance on ecommerce transactions. It is the first Internet Company in Southeast Asia to receive US$ 100 million investment from Softbank and Sequoia Capital.

• Traveloka – As the first Asian Company to receive a Series A funding from Global Founders Capital and East Ventures, Traveloka is running amongst the top travel booking websites and apps for domestic and international bookings.

• Sale stock – A tech startup which provides an e-commerce platform for women fashion and gives access to affordable quality clothing through the mobile app and website.

• Snapcart – Indonesia-based cashback and consumer analytics startup – Snapcartopeartes a mobile application that enables shoppers to scan and upload their shopping receipts to avail cashback.
• Go-Jek – It is the first South East Asian Company to make it onto the Fortune’s 2017 list of 50 companies. It is a Motorbike on-demand-service which works like Uber and Lyft.

The provision with respect to providing loans to the directors is covered under Section 185 of the Companies Act, 2013.

As per Section 185,
✔ Any director of Company, or of a Company which is its Holding Company or
✔ any partner or relative of any such director; or
✔ Any firm in which any such director or relative is partner.

However, as per Section 185(2), a company may-
· Advance any loan including any loan represented by a book debt,
· Give any guarantee or
· Provide any security in connection with any loan taken by any person in whom any of the director of the company is interested,

By fulfilling the following conditions-
✔ Special Resolution passed by the Company in General Meeting
✔ The loans are utilised by the borrowing company for its principal business activities.

Any of the director of the company is interestedshall include the following-
· any private company of which any such director is a director or member;
· any body corporate in which 25% of the voting power rests with the directors
· any body corporate in the Board of Directors(BoD) are accustomed to act in in accordance with the directions of the BOD of directors of the lending company.

Non Applicability
The above provisions shall not apply to-

Penal Consequences
If any loan is advanced or a guarantee or security is given or provided or utilized in contravention of the provisions of this section, the below mentioned penal consequences shall apply

OLA

ANI Technologies Pvt. Ltd., stylized as OLΛ, is an Indian origin online transportation network company. It was founded as an online cab aggregator in Mumbai, but is now based in Bangalore. As of April 2017, Ola was valued at $3 billion.

History
Ola Cabs was founded on 3 December 2010 by Bhavish Aggarwal, currently CEO, and Ankit Bhati. Aggarwal completed a bachelor’s degree in computer science and engineering at Indian Institute of Technology Bombay in 2008. He began his career with Microsoft, where he worked for two years. In January 2011 he co-founded Ola Cabs with Ankit Bhati in Mumbai.
Ankit Bhati heads the technical aspects of Olacabs. He joined IIT Bombay in 2004 for Btech in Mechanical Engg and MTech in CAD and Automation. By 2009 he had already worked on several freelance projects and startups like Wilcom (http://wilcom.co.in), QED42 etc. and finally decided to give up his nomadic professional life for a start-up of his own. He joined the Olacabs journey in November 2010.

In 2015 Aggarwal and Bhati were the youngest to be included in that year’s list of richest Indians.
In November 2014, Ola diversified to incorporate autorickshaws on a trial basis in Bangalore. After the trial phase, Ola Auto expanded to other cities like Delhi, Pune, Chennai, Hyderabad and Kolkata starting in December 2014. In December 2015, Ola expanded its auto services in Mysore, Chandigarh, Indore, Ahmedabad, Jaipur, Guwahati and Visakhapatnam. In January 2018, Ola extended its reach into its first overseas market, namely Australia, and has plans to eventually run the service in Sydney and Melbourne – having already arrived in Perth in late February.

In March 2015, OlaCabs acquired Bangalore based taxi service TaxiForSure for approximately US$200 million From 25 June 2015, Ola users have gained access to TFS cabs via the Ola mobile application. In November 2015, Ola acquired Geotagg, a trip-planning applications company, for an undisclosed sum. In December 2017, Ola acquired Foodpanda’s business in India. In April 2018, Ola made its second acquisition with Ridlr (formerly Traffline), a public transport ticketing app.

Services
Ola provides different types of service, ranging from economic to luxury travel. The cabs are reserved through a mobile app and the service accepts both cash and cashless payments with Ola money. It claims to clock an average of more than 150,000 bookings per day and commands 60% of the market share in India.

As of 2017, the company has expanded to a network of more than 600,000 vehicles across 110 cities. The SoftBank-backed firm, which is privately held, had posted a net operating loss after tax of Rs 2,781.70 crore in 2016-17. It is projected to become profitable during 2018-19 and report a net operating profit of over Rs 1,170 crore, according to a valuation report filed with the corporate affairs ministry. This is expected to grow further to Rs6,423.33 crore by 2020-21, the document showed. Backed by investors such as Soft bank coupled with growth opportunities available across the nation, the company is, undoubtedly, among the top valued firms in India.