For a decade, Eric Schmidt ran Google as chief executive and as the “adult” in the room, mentoring the internet company’s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page. He has not taken another C.E.O. job since. But on Monday, Mr. Schmidt told employees…
Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalized gift baskets. Mr. Lee, 41, would normally be flattered. In the past, a fast-growing start-up like Gamma, the artificial intelligence start-up he helped establish in…
MUMBAI: Startups and venture capital (VC) firms are seeking an easier tax regime and measures to boost availability of domestic capital in the upcoming Budget. Parity between foreign and domestic funds in terms of taxation is required to attract foreign investors to Indian alternative investment funds (AIFs), said Siddarth Pai, founding partner at 3one4 Capital…
MUMBAI: After two years of funding slump, investments into India’s startups are seeing some revival. Investors infused about $11.3 billion into startups this year, a slight improvement from funding worth $10.7 billion recorded last year, data sourced from market research firm Tracxn showed. In the coming year, companies are expected to see a sizeable amount…
NEW DELHI: Venture capital fund General Catalyst, which has invested in companies like Zepto, Spinny and Cred, is looking to invest $800 million to $1 billion over the next three years in Indian startups.Having just closed $8-billion fund, it is eyeing investments in manufacturing, fintech, healthcare, energy transition and artificial intelligence (AI) and defence, said…
