Digit Insurance- First digitized insurance startup, Founders, Business model, Valuation, Funding
Life is uncertain as unfortunate events like sickness or death could come to anyone or at any time, especially at these uncertain times of the Covid-19 pandemic. Having insurance for every significant aspect of the life assured has become especially necessary at these times to ensure that you and your family don’t have to worry...
Pharm easy- Startup Success story, Founders, Business model, Valuation, Funding
Medicines are a prime necessity in our life. However, because the pharma industry in India wasn’t much developed till 2000, leading to disorganization including the corrupted practices undertaken by middlemen leading to either highly-priced medicinal supplies or low-quality products. However, online digital platforms have brought a revolution in the wholesale and retail market pharma market...
Zomato – Food delivery Startup Success story, Founders, Business model, Valuation, Funding
Overview Indians are primarily known for celebrating every small occasion and we all are proud foodies! But, in the age of technology and our busy lives, it is also impossible to imagine living without ordering our favorite meals, maybe once in a while from our favorite restaurants. Food delivery Platforms are quite a rage in...
Components of Founder’s Agreement for startups in India
Overview Starting a business of your own could be a beginning of an exciting journey for an entrepreneur, especially when he has been planning to launch a business of his own for a long time. Most of the co-founders make mistakes of ignoring things regarding the distribution of their mutual roles and responsibilities which later...
Components of Shareholder’s Agreement for startups in India
Overview A shareholder is a person who offers capital for the growth & development of the business in exchange for the ownership of the company and return gets a certain percentage of the total shares of the company. In a true sense, they play a significant role in ensuring the growth & prosperity of the...
Components of Share purchase Agreement for startups in India
Overview A share represents a unit of ownership in the company and unless restricted under the Articles of Association of a company, they are freely transferable under the provisions of the Companies Act 2013. Therefore, in cases where a shareholder sells his shares to another body corporate or any individual, another person also acquires...
Reverse Charge mechanism in GST – list, rate, accounting entries in India
Overview Goods & Services Tax, is a well-known taxation system that rolled out in July 2017 and is well-known among businesses and individual dealers/suppliers who have registered themselves under the system to avail of its benefits and further follow compliances. However, there are certain terms under GST that are difficult to understand therefore, it...
PAYTM – Mobile Wallet App startup, Founders, Business model, Valuation, Funding
Overview Imagine you are enjoying your weekend out and had an amazing meal in a restaurant and while making payment you find that you forgot to bring your wallet. Now, thanks to technology, you can easily make payments to any restaurant for your dining and even for your cab charges. Therefore, online payment platforms...
Components of Franchise Agreement for startups in India
Overview With the advent of globalization and liberalization, Franchise business models have been especially popular helping businesses to adopt proven business models for sustenance and prosperity. Franchising, is one of the most profitable business models adopted by domestic players as well as foreign businesses across the world. The franchise business model has been designed...
Important points for Drafting Memorandum of Understanding (MOU) for startup in India
Overview A Memorandum of Understanding or MOU is a formal agreement between two or more parties who wish to enter into a business relationship to fulfill a common goal. Though it is an agreement entered between parties before actually preparing and signing the final contract, it is more of an understanding between the parties to...
