IAN Incubator
IAN Incubator has been established from the support of National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Govt. of India.
The incubator helps entrepreneurs to convert their ideas in becoming successful and profitable ventures by supporting them in business planning, mentoring, recruiting their top team, commercializing their technologies, developing their products, getting early seed funding, help in forging partnerships at the national and global level, advice on intellectual property, training and development and many other things. IAN is reputed for its huge network of successful entrepreneurs, domain experts, academicians and experienced professionals.

Primarily it focuses on IT/ITES, Telecom, Mobile VAS, Gaming and Animation, Internet/Web, Media and Entertainment, Education technology, Healthcare technology, Manufacturing Products, Alternative Energy, Clean Technology, Cloud computing, Retail technology.

It provides support in getting seed-funding or securing loans from various sources such as Govt. grants, angel investors, seed & early stage funds and other sources.

The Incubator is also in the process of developing strategic tie-ups with other DST supported incubators, corporate, R&D labs, and industry associations to be able to provide comprehensive support to the Incubatees. A robust virtual platform will be used to ensure that any physical distances do not inhibit the effectiveness of the incubation services.

Once selected for Incubation, ventures are incubated over a period of 18-24 months.

For more details, click here

Transfer of Shares – Procedure

Transfer of shares refers to the transfer of title to shares, voluntarily, by one party to another.

Section 56 of Companies Act 2013 and Rule 11 of Companies (Share Capital & Debentures) Rules, 2014 govern the provisions with respect to transfer of shares.

Mentioned below is the procedure for transfer of shares:

1. Instrument for Transfer of Share

Company shall register transfer of shares only when a transfer deed in Form SH.4 duly stamped and executed by or on behalf of the transferor and by or on behalf of the transferee is submitted to it. It shall specify the following details of transferee:

1. Name
2. Father’s Name
3. Address
4. Occupation
5. Folio Number
6. Distinctive Number, Certificate Number of Share Transferred
7. Number of Shares Transferred
8. Nominal Value
9. Consideration Received

Apart from the above form (SH – 4), the applicant shall also submit the share certificate or letter of allotment in case share certificate is not available.

2. Time Period for deposit of Instrument for Transfer

SH-4 shall be delivered to the company by the person executing such deed within 60 days from the date of its execution.

3. Value of share transfer stamps to be affixed on the transfer deed

Share transfer stamps shall be affixed on the share transfer deed i.e. form SH-4. Stamp duty for transfer of shares is 25 paise for every Rs.100 or part thereof of the value of shares.

Note

• Stamp duty is payable by adhesive Stamps
• Adhesive stamp should contain the words “Share Transfer” on them
• Thus, ordinary stamps which are available in post offices etc. are not permissible for share transfer.

4. Obtaining signatures of witness’s

The share transfer deed shall be signed by a witness specifying his name and address.

5. Board Resolution

Once the company will receive share transfer deed along with requisite documents then company will check the deed and documents then pass resolution for acceptance of same in the Board Meeting of the Company. After passing of Board resolution enter the name of transferee in the register of member as the beneficial owner of such shares. If the documentation for transfer of share is in order, board shall register the transfer by passing a resolution.

6. Delegation of Power

Authority to transfer of shares can be delegated to one director and he can consider as “one man committee”. The Board can place restrictions on powers of the Committee e.g. allowing transfer upto prescribed numbers- say upto 1,000 shares. The Board or committee can approve transfers by circular resolution also. As per Listing Agreement Powers of transfer should be delegated to an office or a committee or registrar and share transfer agent who should attend to the work at least once in fortnight.

7. Time limit for issue of certificate on transfer

Unless prohibited by any provision of law or of any order of any Court, Tribunal or other authority, the company shall, within one month deliver, the certificates of all shares transferred after the application for the registration of the transfer of any such shares, debentures or debenture stock received.

Note:

• Articles of private company shall restrict the right to transfer the company’s shares.*
• Do not forget to cancel the stamps affixed at the time or before signing of the transfer deed.
• The signatures of the transferor and the transferee in the share transfer deed must be witnessed by a person giving his signature, name and address.
• Share transfer can’t be declined if minor details are not given in share transfer form. Minor mistake in share transfer form should be ignored.
• Transfer under Demat, stamp duty is not required.

8. Transfer of Shares After Expiry of 60 Days
   If the instrument of transfer doesn’t delivered within prescribed period (60 days),following are the duties of the company:
9. a) Company can register transfer of Shares on the basis of “Indemnity Bond” as decided by Board of Directors of the Company.
10. b) As a precaution, company should send a registered letter to the transferor, inviting objection, if any.
11. c) If no reply is received within a reasonable period as prescribed in the notice, transfer may be affected on obtaining indemnity bond.

9. Time Limit for Refusal of registration of Transfer

The company can also refuse to register transfer of shares. However such power can be exercised only within thirty (30) days from the date on which the instrument of transfer is delivered to the company.

10. Time Limit for appeal against refusal to register Transfer by Public Company

The transferee of shares may, within a period of sixty (60) days of such refusal or where no intimation has been received from the company, within ninety (90) days of the delivery of the instrument of transfer or intimation of transmission, appeal to the Tribunal.

*In case of a Private Company following steps shall be followed before giving effect of share transfer:

• Transferor should give a notice in writing for his intention to transfer his share to the company.
• The company in turn should notify to other members as regards the availability of shares and the price at which such share would be available to them.
• Such price is generally determined by the directors or the auditors of the company.
• The company should also intimate to the members, the time limit within which they should communicate their option to purchase shares on transfer.
• If none of the members comes forward to purchase shares then the shares can be transferred to an outsider and the company will have no option, other than to accept the transfer.

Tax Implications on transfer of shares

• Both the transferor and transferee of shares shall take into account the tax implications before executing the share transfer.
• As per the relevant provisions of Income Tax Act, 1961, if shares are transferred without consideration or for inadequate consideration in excess of Rs.50,000 then the same shall be taxed in the hand of both the transferor and transferee.
• The difference between FMV and Sale Consideration would be taxed as IFOS in the hands of the transferor and Capital gains in the hands of the transferee.

Startup Name	Website	Industry/ Vertical	Investment Type	Investors’ Name	Amount (in USD)
Ola		Consumer Internet	Private Equity	SoftBank Group Corp	330,000,000
Belong	https://belong.co/	Consumer Internet	Private Equity	Sequoia Capital India	10,000,000
Seenit	https://www.seenit.in/	Consumer Internet	Seed Funding	Calcutta Angels Network (CAN), Augment Ventures	N/A
Paalak		ECommerce	Seed Funding	Vishwadeep Bajaj, Harsh Kundra, NandkumarRane, LN Buddharaju, AnupamTyagi	N/A
Celes Care		Consumer Internet	Private Equity	Ventureast, Endiya Partners, Eight Roads Ventures, F-Prime Capital Partners	1,500,000
Karomi	http://www.karomi.com/	Technology	Seed Funding	Ideaspring Capital	500,000
Red Carpet	https://www.redcarpetup.com/	Consumer Internet	Private Equity	Lightspeed Venture Partners	2,500,000
KreateKonnect	http://kreatekonnect.com/	Technology	Seed Funding	Langoor	N/A
CreditMantri	https://www.creditmantri.com/	Consumer Internet	Private Equity	Quona Capital	7,600,000
Lets Endorse	https://www.letsendorse.com/	Consumer Internet	Seed Funding	Chandigarh Angels Network, Social Alpha and other unnamed angel investors	N/A
Tydy	https://www.tydy.co/	Technology	Seed Funding	Bhupen Shah, Jayesh Parekh, Sanjay Sathe	275,000
Nactus	https://www.nactus.com/	Consumer Internet	Seed Funding	Sandeep Aggarwal, GautamChhaochharia, R Balachandar	N/A
Oho Shop	https://www.ohoshop.in/	Technology	Private Equity	Bennett, Coleman and Company Ltd	6,700,000
Emojifi	https://play.google.com/store/apps/details?id=com.ms.emojifi&hl=en	Consumer Internet	Seed Funding	Undisclosed angel investors	N/A
Paytm Marketplace	https://paytm.com/	ECommerce	Private Equity	Alibaba	200,000,000
iGenetics	http://www.igenetic.com/	Healthcare	Private Equity	CDC Group Plc	19,500,000
Juno Clinic	https://www.juno.clinic/	Consumer Internet	Seed Funding	Atul Nishar	1,200,000
Summerlabel		Consumer Internet	Seed Funding	Aneesh Seth, Tushar Mittal	150,000
PickMe		Consumer Internet	Private Equity	SIDBI Venture Capital Fund	1,790,000
Agrostar	https://www.agrostar.in/?SID=lqi54mjbnn0rmcnes13ecm7v03	Technology	Private Equity	Accel Partners	10,000,000
Zapr	https://www.zapr.in	Technology	Private Equity	Star India Pvt Ltd	10,000,000
Data Resolve	https://dataresolve.com	Technology	Private Equity	IDFC Parampara Early Stage Opportunities Fund	1,000,000
Book Servicing		Consumer Internet	Seed Funding	National Science and Technology Entrepreneurship Development Board	30,000
Blowhorn	https://blowhorn.com	Consumer Internet	Private Equity	IDG Ventures India, Michael & Susan Dell Foundation, Draper Associates, Unitus Seed Fund	3,650,000
Rivigo	https://rivigo.com/	Logistics	Private Equity	Private Sector Banks (Debt Funding)	15,000,000
PipeCandy	https://pipecandy.com/	Technology	Seed Funding	IDG ventures, Axilor Ventures, Emergent Ventures, Indian Angel Network	1,100,000
Supr Daily	http://www.suprdaily.com/	Consumer Internet	Seed Funding	Y Combinator	120,000
Parentune	https://www.parentune.com/	Consumer Internet	Private Equity	Kae Capital, SEGNEL Ventures	N/A
AppBrowzer	http://www.appbrowzer.com	Consumer Internet	Seed Funding	Deepak Gurnani	500,000
MagicBricks	https://m.magicbricks.com/mbs/index.html	Consumer Internet	Private Equity	Times Internet Ltd	4,500,000
PeeBuddy	https://peebuddy.in/	Healthcare	Seed Funding	Indian Angel Network	443,000
iOrderFresh	http://www.iorderfresh.com/	ECommerce	Seed Funding	Singapore Angel Network	N/A
Lavelle Networks	https://lavellenetworks.com/	Technology	Seed Funding	Ideaspring Capital	600,000
PropertyShare	https://www.propertyshare.in/	Consumer Internet	Seed Funding	Asuka, Pravega Ventures, BEENEXT	N/A
MyDermacy		Consumer Internet	Private Equity	Cyber Carrier	N/A
LatestOne	http://www.latestone.com/	eCommerce	Private Equity	Florintree, Mathew Cyriac, Chidambaram Palaniappan, Bharat Sheth	3,350,000
Frapperz	https://frapperz.com/	Consumer Internet	Seed Funding	Undisclosed Investor	100,000
mPaani	https://mpaani.com/	Consumer Internet	Private Equity	IDG Ventures, Blume Ventures, Saha Fund,	1,350,000
ShilpMIS	http://www.shilpmis.com/	Technology	Seed Funding	Puneet Gupta, Nimitt Desai & Others	N/A
POPxo	https://www.popxo.com/	Consumer Internet	Private Equity	GREE Ventures, Kalaari Capital and IDG Ventures India, Summit Media, Atul Goel, and Gurpreet Singh	3,100,000
Fitso	https://www.getfitso.com/	Consumer Internet	Seed Funding	Sujeet Kumar, Bhupender Singh, YashishDhaiya	200,000
FarMart		Technology	Seed Funding	Indian Angel Network	N/A
Flipkart	https://www.flipkart.com/	eCommerce	Private Equity	Microsoft, eBay, Tencent Holdings	1,400,000,000
Airpay	https://www.airpay.co.in/	Technology	Private Equity	Kalaari Capital, Rakesh and Rajesh Jhunjhunwala	3,670,000
MyGlamm	https://www.myglamm.com/	Consumer Internet	Private Equity	L’Occitane	5,300,000
The Mons Co.		eCommerce	Seed Funding	ShripadNadkarni, NanduNandkishore	N/A
Haqdarshak	https://haqdarshak.com/home	Consumer Internet	Seed Funding	Ravi Saxena, Sandeep Raju,	191,000
Ixigo	https://www.ixigo.com/	Consumer Internet	Private Equity	Sequoia Capital, Kinzon Capital	15,000,000
Markets and Markets	https://www.marketsandmarkets.com/	Technology	Private Equity	FTV Capital, Zodius Capital	56,000,000
Bizom	http://bizom.in/sfa/	Technology	Seed Funding	Ojas Ventures	382,000
BabyonBoard	http://www.babyonboard.in	Consumer Internet	Seed Funding	Mahavir Sharma, Vishal Jain, RohitSethi, Gaurav Luniya	N/A
Delhivery	https://www.delhivery.com/	Technology	Private Equity	Carlyle Group, Tiger Global	100,000,000
Sport Flashes		Consumer Internet	Seed Funding	Vikas Bajaj, Amit Kharbanda,	N/A
Fynd	https://www.gofynd.com/	ECommerce	Private Equity	Venture Catalysts	500,000
Wigzo	https://www.wigzo.com/	Technology	Private Equity	3one4 capital	N/A
DoneThing	http://www.donething.com/	Consumer Internet	Private Equity	Brand Capital	300,000
Zapyle	https://www.zapyle.com/	ECommerce	Seed Funding	Undisclosed Investors	N/A
Ithaka	https://www.ithaka.travel/	Consumer Internet	Seed Funding	Ankit Gupta, PuneetMotihar	325,000
perpule	http://perpule.com/	eCommerce	Seed Funding	KStart Capital	650,000
Byju’s	https://byjus.com/	Consumer Internet	Private Equity	Verlinvest	N/A
Licious	https://www.licious.in/	ECommerce	Private Equity	Mayfield India, 3one4 Capital, Sistema Asia Fund, Neoplux Technology Fund	10,000,000
Medinfi	https://www.medinfi.com/	Consumer Internet	Seed Funding	Vinod Martin, Hemant Kaul, Prof. Ram Kumar Kakani& Others	50,000
Indus OS	http://www.indusos.com/	Technology	Private Equity	JSW Ventures, VenturEast	N/A
Emflux Motors	http://www.emfluxmotors.com/	Technology	Seed Funding	Meher Roy, Nikhil Arora, Meet Kanodia, KritSankalp, Nitish Singh, Risabh Gupta	N/A
Klinic App	https://www.klinicapp.com/	Consumer Internet	Seed Funding	Om Chaudhry	N/A
Jhakaas	https://play.google.com/store/apps/details?id=com.stelcore.jhakaas&hl=en	Consumer Internet	Seed Funding	Malini Patel, Stelcore Management Services, Anjani Prasad	155,000
Oriano Solar	http://www.orianosolar.com/	Technology	Private Equity	Samridhi Fund	3,000,000
BigBasket	https://www.bigbasket.com/	ECommerce	Private Equity	Trifecta Capital	7,000,000
Rooter	https://www.rooter.io/	Consumer Internet	Private Equity	Intex Technologies	N/A
FalconBrick	https://www.falconbrick.com/	Technology	Seed Funding	SatveerThakral, LetsVenture, Mumbai Angels	N/A
Icertis	https://www.icertis.com/	Technology	Private Equity	B Capital Group, Ignition Partners, Greycroft, e.ventures,? Eight Roads Ventures	25,000,000

May 07	May 10	May 12	May 15	May 20	May 25	May 30	May 31
TDS/TCS Challan	PT Payment	ESI Return	TDS Certificate under Sec.194-IA	GSTR- 3B (April)	PF return	Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA & 194-IB in the month of April 2018.	Form 61A - Specified Financial Transaction
	GSTR-1 (March'18) - for registerd persons with aggregate turnover more than 1.5 crores		TDS certificate under Sec.194-IB				Return of tax deductionfrom contributions made by trustees of superannuation fund
			Quarter statement of TCS deposited for quarter ended 31st March,2018				Form 61B - Annual statement of reportable accounts under Sec.285BA
			PF and ESI Payment

 

1. 12^th May,2018: Building a ‘WOW’ Product | Startup Saturday Delhi

• Venue: Amazon Internet Services (AWS)

A-3, Saket District Centre, District Centre,

Sector 6, PushpVihar, New Delhi, 110017

At the intersection of User Experience, Technology and Business lies the complex science of Product and its Management.

With 6 editions of Headstarts “How to Start a Startup” National series behind us covering, we turn our attention to another vital issue, that the team and the founders at multiple stages of their startup journey face, The Art and Science of Building a Wow Product.

 

2. 12^th May,2018: Seminar on Mid-career transitions

• Venue:Avasa, HUDA Techno enclave, Hitec city, Hyderabad, India
• Time: 10 A.M. to 4.30 P.M.

Institute of Product Leadership welcomes its audience to an insightful event that will host a seminar on career anchor and product leadership as a career path. The day is tailored with dedicated seats to serve professionals looking for a career switch in the corporate hierarchy or to gain tenacity in the data-driven world.

Who should attend?

Professionals with 5+ years of experience in the technology or product industry who wants to give their career that ‘extra’ push

Entrepreneurs and startup teams seeking frameworks and knowledge to put their enterprise in high gear

Senior professionals seeking executive skills and frameworks to get to the top.

3. 19^th May,2018:Startup ManthanGurugram

• Venue : 91springboard Sector 18 Plot 23,

Maruti Industrial Area, Sector 18,

Gurugram, Haryana 122015, India

• Time : 9:00 am to 5:00 pm

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.

The event will bring together prominent startups, founders, influencers,investors, and ecosystem enablers together for an engaging and stimulating discourse.

 

4. 23^rd – 27^th May,2018: GLOBAL ENTREPRENEURSHIP & INNOVATION PROGRAM

• Venue: Oakridge International School, Hyderabad
• Time: 9:00 AM ONWARDS

This is an intensive one-week pre-college university level course, exposing high school students to the theory and practice of Entrepreneurship and Innovation. In this program, students are guided through the new venture creation process applying it to their own original ideas by Columbia Business School Faculty.

 

5. 25^th – 27^th May, 2018 : Startup Weekend Emerging Tech Hyderabad

• Venue: Microsoft Development Centre

Microsoft Garage, Gachibowli

Hyderabad, Telangana 500032

• Time: 30 pm onwards

Startup Weekend is a global grassroots movement of active and empowered entrepreneurs who are learning the basics of founding startups and launching successful ventures.

Focus Areas for Emerging Tech –

• Block Chain
• AgriTech
• Robotics
• UAV’s / Drones.
• Augmented Reality / Virtual Reality / Mixed Reality
• Crypto
• Artificial Intelligence / Machine learning

Country: Mexico

Overview

Mexico is renowned for its historical legacy, food and night life. As the second largest economy in Latin America, Mexico is steadily climbing up the ladder to establish itself as the ideal hub for start-ups, aided by its availability of competitive and efficient workforce, governmental support and geographic proximity.

Mexico’s favorite startup hubs

The Mexican entrepreneurial and venture ecosystem is on the rise, with the cities of Guadalajara, Monterrey and Mexico City leading the momentum of innovation. While Mexico City is the most powerful due to its size and the availability of private and federal capital, Guadalajara and Monterrey are important second cities that are vying for technology and startup leadership.

Funding

With over $658 million distributed to startups, Mexico is at the forefront of sustaining and fostering entrepreneurial activity. Entrepreneurial capital continues to increase due to satisfying returns. There was also an increase in seed funding due to major initiatives taken by the government, and venture capital funds that keep increasing their investments in seed capital.  Important steps were undertaken  to support startups, such as: prioritizing innovative startups, introducing new support instruments, and increasing financing, with the seed funding initiatives of the fund Fondo Mexico 2,launched in 2013,  massed amount of US$500 million with Fondo de Conversión de Capital Semilla, created in 2012. Additionally, INADEM oversees a network of programs for entrepreneurial development and seed funding, such as the Ecosystem Development Programs for Entrepreneurial Capital, which invested in 37 funds for early stage enterprises. Finally, during 2000 to 2014, the startup’s sectors that received the most funds from entrepreneurial capital were: first, e-commerce, followed by IT, financial services, education and health, among some others (EY).

Opportunities and Challenges

Talented pool

With numerous universities and around 40% of its population below the age of twenty-four, Mexico boasts of a talented, efficient and affordable work force that will give vitality and ideas to startups. In fact, the culture in Mexico is positively cosmopolitan, with common nationalities and cultures of Spanish, French, and German. Apart from this, there are numerous technical and engineering universities and colleges in Mexico, rolling out highly skilled graduates, ready for employment.

Proximity

Mexico’s proximity to US and South America, and its ability to operate in similar time zones has increased its value for outsourcing and development around the world. This has helped it to out-compete those in Asia or Middle East, and lead to a thriving entrepreneurial and venture scene.

Govt. Support

While Mexico possesses abundant talent and geographic gift, it would be incredibly difficult for a thriving startup culture to flourish without the support of the local government. In 2013, to catalyze the country’s startup culture ecosystem, INADEM (National Institute of Entrepreneurship) was formed. INADEM formalized entrepreneurial innovation as a key component of the country’s growth agenda to attract and retain entrepreneurial talent for the economy. Today the governmental agency supports 20 Seed funds and has participated in 8–10 other funds as investors.

Infrastructure and complex taxation system

Some of the problems that startups face are a lack of proper infrastructure, as well as a lack of internal market openness. In addition, the tax system is complex as compared to the other Latin American countries.

Aversion to risk

Mexicans are less likely to assume risky positions. Business culture as a whole has less appetite for risk taking and is less tolerant towards failure. As a result, it is more difficult for a startup to raise funds without foregoing their returns.

Corruption

A barrier of entry for enterprises, corruption is an unwanted weed in the thriving startup culture of Mexico. While there are efforts to root it out by bringing in easier regulatory requirements, the correlation between the industry and its vulnerability to corruption varies with the construction industry standing at the highest level, while technology stands at the lowest level due to its nature.

Notable startups

• Lavadero: The Uber of laundries, it is a simple app and website that connects user with the laundries in the area and sends bike messengers to collect and return freshly washed clothes.
• Bridgefy: Bridgefy is the technology that allows all kinds of apps to be used without Internet or phone services like SMS, and will become the third standard of telecommunications after these two.
• Kueski: Kueski is the fastest micro-lending service in Latin America. Users apply for small loans and request when they would like to pay it back. Kueski leverages the requester’s credit history, social graph, and other online information to build a credit risk model that will approve or reject loan applications in minutes. If the loan is approved, a wire transfer will be made immediately.

1. Export from Indian schemes:Foreign Trade Policy 2015-20 and other schemes provide promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field. Brief of these measures are as under:
2. Merchandise Exports from India Scheme (MEIS): Under this scheme, exports of notified goods/ products to notified markets as listed in Appendix 3B of Handbook of Procedures, are granted freely transferable duty credit scrips on realized FOB value of exports in free foreign exchange at specified rate (2-5%). Such duty credit scrips can be used for payment of custom duties for import of inputs or goods, payment of excise duty on domestic procurement, payment of service tax and payment of custom duties in case of EO default. Exports of notified goods of FOB value up to Rs.25,000 per consignment, through courier or foreign post office using e-commerce shall be entitled for MEIS benefit.
3. Service Exports from India Scheme (SEIS): Service providers of notified services as per Appendix 3E are eligible for freely transferable duty credit scrip @ 5% of net foreign exchange earned.
4. Duty exemption & Remission schemes:These schemes enable duty free import of inputs for export production with export obligation. These scheme consists of:-
   1. Advance Authorization Scheme: Under this scheme, duty free import of inputs are allowed, that are physically incorporated in the export product (after making normal allowance for wastage) with minimum 15% value addition. Advance Authorization (AA) is issued for inputs in relation to resultant products as per SION or on the basis of self-declaration, as per procedures of FTP. AA normally have a validity period of 12 months for the purpose of making imports and a period of 18 months for fulfillment of Export Obligation (EO) from the date of issue. AA is issued either to a manufacturer exporter or merchant exporter tied to a supporting manufacturer(s).
   2. Advance Authorization for annual requirement: Exporters having past export performance (in at least preceding two financial years) shall be entitled for Advance Authorization for Annual requirement. This shall only be issued for items having SION.
   3. Duty Free Import Authorization (DFIA) Scheme: DFIA is issued to allow duty free import of inputs, with a minimum value addition requirement of 20%. DFIA shall be exempted only from the payment of basic customs duty. DFIA shall be issued on post export basis for products for which SION has been notified. Separate schemes exist for gems and jewellery sector for which FTP may be referred.
   4. Duty Drawback of Customs/Central Excise Duties/Service Tax: The scheme is administered by Department of Revenue. Under this scheme products made out of duty paid inputs are first exported and thereafter refund of duty is claimed in two ways:
   5. i) All Industry Rates: As per Schedule
   6. ii) Brand Rate: As per application on the basis of data/documents
   7. Rebate of Service tax through all industry rates: Refund of service tax paid on specified output services used for export of goods is available at specified all industry rates.
5. EPCG Scheme:
6. Zero duty EPCG scheme: Under this scheme import of capital goods at zero custom duty is allowed for producing quality goods and services to enhance India’s export competitiveness. Import under EPCG shall be subject to export obligation equivalent to six times of duty saved in six years. Scheme also allows indigenous sourcing of capital goods with 25% less export obligation.
7. Post Export EPCG Duty Credit Scrip Scheme: A Post Export EPCG Duty Credit Scrip Scheme shall be available for exporters who intend to import capital goods on full payment of applicable duty in cash.
8. EOU/EHTP/STP & BTP Schemes:Units undertaking to export their entire production of goods and services may be set up under this scheme for import/ procurement domestically without payment of duties. For details of the scheme and benefits available therein FTP may be required.

9. Other Schemes:
• Towns of Export Excellence (TEE): Selected towns producing goods of Rs. 750 crores or more are notified as TEE on potential for growth in exports and provide financial assistance under MAI Scheme to recognized Associations.
• Rebate of duty on “export goods” and “material” used in manufacture of such goods: Rebate of duty paid on excisable goods exported or duty paid on the material used in manufacture of such export goods may be claimed under Rule of 18 of Central Excise Rules, 2002.
• Export of goods under Bond i.e. without payment of excise duty: Rule 19 of Central Excise Rules 2002 provides clearance of excisable goods for exports without payment of central excise duty from the approved factory, warehouse and other premises.
• Market Access Initiative (MAI) Scheme: Under the Scheme, financial assistance is provided for export promotion activities on focus country, focus product basis to EPCs, Industry & Trade Associations, etc.  The activities are like market studies/surveys, setting up showroom/warehouse, participation in international trade fairs, publicity campaigns, brand promotion, reimbursement of registration charges for pharmaceuticals, testing charges for engineering products abroad, etc.  Details of the Scheme is available at commerce.nic.in
• Marketing Development Assistance (MDA) Scheme: Financial assistance is available for exporters having an annual export turnover uptoRs. 30 crores for trade fairs, buyer seller meets organized by EPC’s/ Trade promotion organizations. MDA guidelines available at commerce.nic.in
• Status Holder Scheme: Upon achieving prescribed export performance, status recognition as one star Export House, two Star Export House, three star export house, four star export house and five star export house is accorded to the eligible applicants as per their export performance.  Such Status Holders are eligible for various non-fiscal privileges as prescribed in the Foreign Trade Policy. In addition to the above schemes, facilities like 24X7 customs clearance, single window in customs, self-assessment of customs duty, prior filing facility of shipping bills etc. are available to facilitate exports.

Zomato

Zomato is a restaurant search and discovery service founded in 2008. Deepinder Goyal and Pankaj Chaddah are the proud founders of this food search engine.

The founders developed a website which provides reviews and information about the restaurants including the images of the menus of those restaurants which have their own website. This eventually helped their users from wasting time for deciding on the menu.

The platform is used by many to decide where to eat in over 10,000 cities across 24 countries.

Revenue Model

The revenue model developed and followed till date has the following attributes to it:

• Restaurant advertising: This department accounts for approximately 75% of the revenue wherein they place ads of customer restaurants.
• Event advertising: In this stream Zomato earns revenue promoting events on Zomato for restaurants based advertisers accounting for 5% of the revenue.
• Event ticket sales: Zomato takes commission on tickets sold through Zomato which accounts for 15% of Zomato’s revenue.
• Consulting services: Restaurant chains ask for advice on where to open their next outlet/branch. They research the same and charge consulting fees for providing the information.

Milestones

• Zomato acquired Seattle-based food portal Urbanspoon for an estimated $60 million. The acquisition marked the firm’s entry into the United States, Canada and Australia, and brought it into direct competition with Yelp, Zagat and OpenTable.
• The home-grown startup attained unicorn status in the last month of FY18 and also hit the $100 million revenue run rate mark.
• This translates to the company generating a revenue of $8.3 million in March alone. Zomato saw its revenue increase by 80 percent in 2016-17 to $49 million

In two years since launching the meal delivery service, Zomato has 25,000 restaurants on its platform in India, including 7,500 that are exclusively available only on Zomato.

Future

Zomato, in March’18, confirmed it had raised $150 million from Ant Financial, Alibaba’s payment affiliate. With this deal, Zomato’s valuation has been pegged at $1.1 billion. Ant is the right strategic partner for zomato’s business at this stage by which it can tremendously by learning from and leveraging their global network, scale and technology

Zomato is at a monthly burn of less than $250,000, and on track to become profitable within FY18, by focusing on increasing revenue profitably and reducing inefficiencies.

Zomato has also rationalized its international operations to focus on a few key markets, while enhancing the teams’ productivity using technology. Zomato has stayed away from business models that are not profitable at unit economics level, and has not spent money on buying unsustainable growth.