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As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

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Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

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Eliminate the hassle of manually creating monthly recurring invoices forever!

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Disburse monthly asset purchase payments in less than a minute!

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How did digital communication change post covid?

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Watch how pandemic has changed communication strategy for MSME companies

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The Evolving Landscape of Security and Privacy in FinTech

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Ecommerce Agency Owner Roundtable (Virtual Event)

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Disburse monthly company purchases in less than a minute!

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Disburse employee monthly salaries in less than a minute!

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Step by step guide to kick-start your small business

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Onboarding Simplified for MSMEs

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How & Why Saas tools can help your small business?

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SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

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Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

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In Conversation with Nimesh Shah Xebra Business Financial Suite

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The 10 features in an ideal Online Invoicing Software

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News

India’s tech companies have a big talent problem

Read More...

Minutes Show India Will Go Slow on Exiting Easy Money Policy

Read More...

Amplify e-commerce and help all MSMEs reach markets online

Read More...

A 2022 vision: 5 lessons from 2021 coming into focus

Read More...

Investors decode impact of Budget 2022 on startup ecosystem

Read More...

More than 66 lakh MSMEs registered on Udyam portal: Economic Survey

Read More...

As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

Read More...

How ‘Shark Tank India’ Has Given A Boost To Women Entrepreneurs

Read More...

Budget 2022: What is in it for startups?

Read More...

Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

Read More...

The Evolving Landscape of Security and Privacy in FinTech

Read More...

Ecommerce Agency Owner Roundtable (Virtual Event)

Read More...

Media

How did digital communication change post covid?

Read More...

Watch how pandemic has changed communication strategy for MSME companies

Read More...

In Conversation with Nimesh Shah Xebra Business Financial Suite

Read More...

Why every founder must do business financial analysis during this lockdown

Read More...

Four free business applications you can use while working from home

Read More...

Product

Decode cash flow statement to boost your company’s growth

Read More...

Step by step guide to kick-start your small business

Read More...

How can you maintain accounting accuracy for your small business?

Read More...

Onboarding Simplified for MSMEs

Read More...

How & Why Saas tools can help your small business?

Read More...

Should SMEs in India buy Saas applications and other online tools to become efficient and effective

Read More...

Xebra makes payroll a breeze!

Read More...

How does an invoicing software work?

Read More...

What are the basic accounting disciplines that small companies and start-ups should follow?

Read More...

SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

Read More...

Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

Read More...

Accountant Vs. Bookkeeper- What’s the difference?

Read More...

Will accountants be replaced by computers in the coming years?

Read More...

Is an online business and finance software the right move for your small business?

Read More...

Should small business outsource their bookkeeping requirement or carry it out in-house?

Read More...

What are the accounting alternatives to tally for a small business?

Read More...

All You Need to know about Banking Terms

Read More...

Everything you wanted to know about Tax Deducted at Source TDS

Read More...

5 Ways Small Business Are Adopting Cloud Software

Read More...

How Cloud Accounting Can Help Small Business

Read More...

Don’t let the lockdown impact your business

Read More...

The 10 features in an ideal Online Invoicing Software

Read More...

Video

Eliminate the employee onboarding hassle with Xebra’s automation

Read More...

Xebra’s Vendor Portal that streamlines payments

Read More...

Improve your cash flow with Xebra’s dedicated client portal

Read More...

Xebra’s smart alerts notify you when expenses can cross budgeted limit

Read More...

Xebra helps you track your revenue targets that you have set client-wise or product/service wise!

Read More...

Eliminate the hassle of manually creating monthly recurring expenses forever!

Read More...

Eliminate the hassle of manually creating monthly recurring invoices forever!

Read More...

Disburse monthly asset purchase payments in less than a minute!

Read More...

Disburse monthly company purchases in less than a minute!

Read More...

Increase your cash-flow and profitability with Xebra!

Read More...

Multiple GST no’s delayed your tax calculation and accounting entries?

Read More...

Disburse employee monthly salaries in less than a minute!

Read More...

Disburse your monthly Company Expenses in under a minute!

Read More...

Ways to Improve your cash flow and collect money faster from your clients

Read More...

Number of startups growing by 10% per year in India

India has the third-largest ecosystem for startups in the world and the number of such firms is growing by 10% per year, said Sanjeev Malhotra, the CEO of Nasscom Centre of Excellence for internet of things (IoT) and artificial intelligence (AI). 

"The number of startups is growing significantly in the country with ten per cent being added every year. There has been significant growth in the number of companies and funding organisations which are attributing to this cause," he said.

Malhotra further informed that most of the startups are on the application side, while a lot of work has also been done in the field of software-aided services. “But there is a need to build startups in areas of core research," he said. 

More unicorns are in the making in the country, he said, adding that the "funding pattern is getting healthier".

In business terms, a unicorn is a privately held startup company valued at over USD1 billion. 

The National Association of Software and Service Companies (Nasscom) has been providing the necessary ecosystem for nurturing startups, he added. 

This comes as the central government allocated ₹283.5 crore for the Startup India Seed Fund Scheme in the Budget 2022-23, which is higher than the Revised Estimate of about ₹100 crore.

The budgetary allocations for the Fund of Funds for Startups stood at ₹1,000 crore. The government has set up a Fund of Funds for Startups (FFS) with a corpus of ₹10,000 crore. The Small Industries Development Bank of India (SIDBI) is the operating agency for the FFS.

In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialisation.

According to the Budget documents, the allocation for the Startup India programme has been increased to ₹50 crore for 2022-23 from the Revised Estimate of ₹32.83 crore in 2021-22.

Read more at : https://bit.ly/3vbzObv

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