START-UP SERVICES
What is a Start-up?
Start-up is nothing but an idea of an entrepreneur. A start-up is just a company typically in early stage. It is usually a self-funded business idea in the beginning which at later stages may raise funds depending upon the business structure and possible growth. Any Start-ups is different from a regular new business on the aspect that it has sense of innovation. Star-ups eliminates the traditional methods and brings in an innovative approach. The business eco-system has realized how crucial a start-up plays a role in developing the solutions to the regular problems and hence, the start-ups have been gaining a lot of attention in the form of investors, government aids, incubators and various tax exepmtions.
Our Services
- Incorporation of Private Limited Company, Limited Liability Partnership and partnership firm for registration as start-ups.
- Registration of start-up under Department for Industrial Policy and Promotion (DPIIT).
- Availing benefits under Income Tax Act, 1961 under section 56 and section 80IAC.
- Patent and IP Application for protecting the start-up idea.
- Fund Raising and availing various incentives.
- Incubator services.
- Presentation and Pitch Deck preparation and presenting the idea to the capable investors.
- Regular Investor and entrepreneur meet-ups.
- Due-Diligence.
- Payroll Management.
- RBI and FEMA compliance.
- Start-up consulting and nurturing.
- Accounting and Book Keeping.
- Pay no taxes on any of the 3 years out of the block of 10 years in case of a start-up u/s 80-IAC.
- Found an investor? Issuing shares on premium? Investor can be safeguarded by not paying any capital gain tax under Sec 56(2)(vii).
START-UP STORIES
OYO
Launch: 2013
Founders: Ritesh Agarwal
Industry: Hospitality
Estimated Valuation: $16 billion
Ritesh Agarwal, the founder of the homegrown unicorn Oyo, has established itself as one of the largest hotels and hospitality chains around the world with operations in over 800 cities across 80 countries, including India, the US, China, Europe, China, and more.
Airbnb was the biggest source of inspiration for Ritesh, who started out on his journey of being one of the best entrepreneur success stories as a teenager.
Fact: Ritesh launched Oravel Stays in 2012, which was later relaunched as Oyo in 2013
FLIPKART
Launch: 2007
Founders: Sachin Bansal & Binny Bansal
Industry: Ecommerce
Estimated Valuation: $24 billion
The Walmart acquired ecommerce company Flipkart stands as the largest ecommerce platform in India. Today, the ecommerce platform has expanded its business horizons by foraying into the video streaming industry with Flipkart Video Originals.
Fact: The first customer of Flipkart was a young engineer from Mahbubnagar, Telangana.
Sachin Bansal & Binny Bansal started out as an online bookstore that made around 20 successful shipments in its first year of functioning. It was not late before the platform started grabbing people’s attention that made it the top online retail market in history.
BYJU’S
Launch: 2008
Founders: Byju Raveendran, Divya Gokulnath
Industry: E-Learning
Estimated Valuation: $5 billion
Byju’s started out as a mere e-learning platform but has grown to become one of the most popular and highly trusted ed-tech brands across India.
The platform founded by Byju Raveendran & Divya Gokulnath provides online tutoring sessions to students ranging from study material of class VI to material about competitive exams like IAS, CAT, GRE, etc.
Fact: Byju’s has registered 35 million users on its learning app with 2.4 million paid subscribers.
BOOK MY SHOW
Launch: 1999
Founders: Ashish Hemrajani, Parikshit Dar & Rajesh Balpande
Industry: Online Ticket Booking
Estimated Valuation: $1 billion
We see BookMyShow as a stable platform in the online ticket booking sector. It is considered as the one-stop-platform to book online tickets, especially for movies.
Surprisingly, the upheaval of BookMyShow is one of the most motivational success stories that showcase the power of perseverance. The platform currently provides its services across five countries with over 30 million customers.
Fact: The initial capital invested in BookMyShow was just Rs 25,000.