TikTok parent eyeing content startup deals in big push into India

Bytedance Ltd, which owns the popular TikTok video-sharing app, will invest in Indian content startups to create a bouquet of apps to target new audiences, borrowing from its successful China playbook, two people familiar with the plans said. ByteDance, the world’s most valuable startup, has set up a team to scout for companies in content, social commerce and education technology,…

Indian Start-ups Get a New Definition Under ‘Start-up & Stand-up India’ Initiative

Indian Start-ups Get a New Definition Under 'Start-up & Stand-up India' Initiative Eustan Ventures

The Narendra Modi Government has recently modified the definition of ‘start-up’, under its ‘Start-up and Stand-up India’ initiative to accommodate businesses that are seven years old, thus making them eligible for government-sponsored funding, tax and other benefits. Earlier, start-ups active for maximum five years were selected for the scheme. With the unified tax structure, Goods and Services Tax (GST), rolling…