Financial Accounting vs. Management Accounting for Startups
Accounting and book-keeping are one of the key reasons for ensuring a successful start-up business and one of the crucial business functions to be managed and looked after. By definition, accounting could be defined as the process of recording, analyzing, summarizing, and reporting the financial transactions taking place in a start-up on daily basis to...
Significance of a Non-Disclosure Agreement (NDA) with employees and vendors
Often, most business entities fear the protection of their confidential business information including trade secrets or business strategies that make it unique and competitive. Whether it is the financial information of the company or any potential intellectual property in its early developmental stages, there is an immense requirement to have adequate mechanisms in place to...
Essential Agreements for hiring employees in a Startups
In the words of Richard Branson “It is not clients who come first, but the employees of your business. If you as an employer take care of the needs of your employees, they will take care of your business clients in return”. Undoubtedly, Employees are the most important part of an organization who work hard...
Cardekho- Top automobile Platform startup, Founders, Business model, Valuation, Funding
Remember the time you purchased your first car? It just brings so much excitement and energy. However, you would also agree that it was difficult for you to choose a car from the multiple options available with the desired specifications and within your budget. You had to visit various showrooms and car dealers for getting...
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...
