🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Mint Explainer: What US' entrepreneur rule means for Indian startup founders

LivemintLivemint · 1y ago
Mint Explainer: What US' entrepreneur rule means for Indian startup founders
Medial

The US Department of Homeland Security has revised its International Entrepreneur Rule (IER) to allow non-citizen founders to apply for an authorized stay in the country if they demonstrate significant public benefit through their startups. The rule applies to entrepreneurs living abroad or already within the US, and their startup entities must have been formed in the US in the past five years and show potential for rapid growth and employment opportunities. Indian startup founders may benefit from access to funding opportunities and a diverse consumer base in the US, but challenges include stringent eligibility criteria and exposure to US taxation. The impact on Indian startup founders looking to flip back to India remains uncertain.

Related News

Startup founders upbeat on US visa tweak despite big hurdles in process

Economic TimesEconomic Times · 1y ago
Startup founders upbeat on US visa tweak despite big hurdles in process
Medial

The US government's decision to revise the International Entrepreneur Rule (IER) has received a mixed response. While some see it as an opportunity for Indian startup founders to establish their ventures in the US, others believe it may not yield significant results. The IER allows foreign entrepreneurs to stay in the country for up to five years if their ventures benefit the public. However, the program has not seen much uptake due to various challenges, including the lack of long-term security and the temporary nature of the program. Some Indian startup founders are hopeful that the Indian government will make local laws easier to encourage entrepreneurs to establish their ventures in India.

Soaring stock prices mint super rich founders

EntrackrEntrackr · 1y ago
Soaring stock prices mint super rich founders
Medial

The rise in the market cap of Zomato, Policybazaar, MamaEarth, EaseMyTrip, TBO, and Ixigo has laid out a promising future for Indian startups aspiring to go public. This phenomenon has also helped create fortunes for shareholders, retail investors, and founders alike. Most recently, Zomato co-founder Deepinder Goyal checked into the billionaire club with his food tech company crossing the market cap of Rs 2,00,000 crore or $24 billion. Entrackr in collaboration with startup data intelligence platform TheKredible dives deeper into the holdings of startup founders, and their respective (current) worth. We are focusing on founders who have taken their startups public in India. At the top are Nykaa’s Falguni Nayar and her family (including trusts) as they command over 50% of the company. The collective worth of their holding is over $3.25 billion. Veteran entrepreneur and investor Sanjeev Bikhchandani comes next with his shares (via Info Edge) reaching $3.24 billion. Info Edge is an early investor in Zomato and Policybazaar, ShopKirana, Sploot, and Skylark Drones. ALSO READ: No hurry to sell, indefinite horizon on Zomato holding: Sanjeev Bikhchandani Zomato’s founder and CEO, Deepinder Goyal, joined the billionaire club as the value of his stock ownership surpassed $1 billion. Rashmi and Rakesh Verma, founders of MapMyIndia, have holdings valued at $830 million followed by Mamaearth duo Varun and Ghazal Alagh at $657 million. Despite the bumpy ride after its public offering and recent regulatory jolts, Paytm’s Vijay Shekhar Sharma currently holds stocks worth $319 million, while PolicyBazaar’s Alok Bansal’s holding is valued at $129 million. Ixigo, recently listed and now a unicorn, has seen its founders Aloke Bajpai and Rajnish Kumar create a combined value of $81.5 million. While net worth numbers based on the public value of holdings in their own firms is one figure, it’s important to note that almost all the founders mentioned here and many who are yet to go public, their personal net worth is well beyond just the value of their stake in their own firm. Liberalization has been particularly generous when it comes to founder compensations and options in the past decade, which has allowed many professionals and non-founders also to benefit. We have also observed the phenomenon of loss making startup founders investing in a parallel portfolio of other startups, many of which have delivered handsome returns as well. In a market awash with liquidity driven asset prices, one can only hope that the new status as acknowledged multi millionaires or billionaires doesn’t lead to the kind of visible excesses that can turn public opinion in the wrong direction. ‘Self made’ startup founders have an obligation to give back, be seen as giving back, and most importantly perhaps, set an example in how they do it better.

ET Soonicorns Summit 2024: Meet the investors, innovators, and industry leaders set to Recalibrate. Rebound. Reinvent the Indian startup ecosystem

Economic TimesEconomic Times · 12m ago
ET Soonicorns Summit 2024: Meet the investors, innovators, and industry leaders set to Recalibrate. Rebound. Reinvent the Indian startup ecosystem
Medial

The ET Soonicorns Summit 2024 is an event that brings together startup founders, investors, policymakers, and industry leaders to discuss the startup ecosystem in India. The summit aims to provide insights and strategies for startup success, addressing topics such as funding, gender disparity in startups, fintech innovation, AI technology, climate action, SaaS growth, and fit-tech. Key speakers include author and entrepreneur Kim Hvidkjaer, Minister for Electronics Priyank Kharge, and industry veterans from Lightspeed India Partners, Microsoft India, and more. The event also features presentations from soonicorn founders, showcasing their innovative business models.

Download the medial app to read full posts, comements and news.