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<ul><li>Saksham, the <keyword id="13004400" type="General" weightage="20" keywordseo="Entrepreneurship-Cell-of-IIM-Udaipur" source="Orion">Entrepreneurship Cell of IIM Udaipur</keyword>, is organising its third and largest e-Summit 2022 with the theme “Zilch to Zillion: Celebrating a Decade of Unicorns”.</li><li>The summit will be held on 23rd January 2022 virtually.</li><li>Representatives from top-tier VCs like Accel, Chiratae Ventures, Tanglin Venture Partners and Times Internet will also be joining as speakers and panelists.</li></ul>Saksham, the Entrepreneurship Cell of Indian Institute of Management, Udaipur, is organising its third and largest E-Summit 2022 with the theme ‘Zilch to Zillion: Celebrating a Decade of <keyword id="2023017" type="General" weightage="80" keywordseo="unicorns" source="Orion">Unicorns</keyword>’ on 23rd January 2022 in a virtual format. The aim of the summit is to honour the efforts and celebrate the accomplishments of all rising entrepreneurs. The E-summit will provide a forum to brainstorm and discuss innovation and ingenuity demonstrated by Indian entrepreneurs that have helped India’s unicorns (companies with valuation more than $1B) gain a combined market cap of $240 billion. Even as India is rapidly enhancing its start-up ecosystem, it still needs to climb 67 positions to top the Global Entrepreneurship Index, an indicator of the overall entrepreneurial potential of a nation. Prof. Janat Shah, Director, <keyword id="349500" type="General" weightage="20" keywordseo="IIM-Udaipur" source="Orion">IIM Udaipur</keyword> said, “Management schools in India are emerging as the breeding grounds for start-ups, especially Unicorns, by creating an enabling environment in curricula and bringing together key enablers of the ecosystem.” “Entrepreneurship is one of the core values of IIM Udaipur, and the institute is committed to nurturing future leaders and entrepreneurs who will power their organizations, create innovations in products and services in the emerging economies,” he added. Yashish Dahiya (Co-Founder and CEO, Policy Bazaar) and <keyword id="237838" type="General" weightage="20" keywordseo="arjun-mohan" source="Orion">Arjun Mohan</keyword> (CEO, upGrad) will throw light on how to shape the entrepreneurship landscape and leapfrog to the top league, as the keynote speakers. Other eminent speakers at the E-Summit ’22 are Prashant Pitti (Co-founder, EaseMyTrip), Ishan Bansal (Co-founder, Groww) and <keyword id="3014325" type="General" weightage="20" keywordseo="amit-kumar-agrawal" source="Orion">Amit Kumar Agrawal</keyword> (Founder, NoBroker), who will all be covering their experiences and learnings from building scaled companies in India. Representatives from top-tier venture capital firms like Accel, Chiratae Ventures, Tanglin Venture Partners and Times Internet will also be a part of the summit as speakers and panelists. The event is supported by a network of corporates, incubators, media partners, including Secure Meters, TiE Udaipur and Rajasthan Venture Capital Fund. Top upcoming D2C (direct-to-consumer) startups like Ugaoo, InACan and Bombay Shaving company are also partnering with the E-Summit ’22 as “Gifting Partner”, “Experience Partner” and “Grooming Partner” respectively. In the past decade, India has transformed its start-up ecosystem into becoming the third-largest in the world. In 2021, India added 46 Unicorns, doubling the number to over 90. In 2022, It is estimated that over 50 more unicorns will be added to the Indian start-up ecosystem. Disclaimer: Business Insider India is a media partner to the event.

IIM Udaipur kicks off its third Entrepreneurship Summit, India’s unicorns to be in focus

At least five political leaders, including four from the BJP, crushed the previous record of the highest <keyword id="21384901" type="General" weightage="20" keywordseo="victory-margin" source="keywords">victory margin</keyword> in the <keyword id="19912155" type="General" weightage="20" keywordseo="Lok-Sabha-polls" source="keywords">Lok Sabha polls</keyword>, with Indore's incumbent MP <keyword id="20906514" type="General" weightage="20" keywordseo="Shankar-Lalwani" source="keywords">Shankar Lalwani</keyword> topping the chart with a winning margin of more than 11.72 lakh votes. Home Minister Amit Shah, former Madhya Pradesh chief minister Shivraj Singh Chouhan and BJP's Gujarat leader C R Patil were also leading with more than seven lakh votes each from their respective constituencies at the last count. Congress's Rakibul Hussain is also leading from Dhubri in Assam by a margin of more than 7.36 lakh votes. Before their record-crushing spree, the record for the <keyword id="21936451" type="General" weightage="20" keywordseo="highest-winning-margin" source="keywords">highest winning margin</keyword> was held by Pritam Munde, also from the Bharatiya Janata Party (BJP), who had won a bypoll in October 2014 from Beed in Maharashtra by more than 6.96 lakh votes. Patil, a three-term MP from Navsari, held the record for the second-highest margin after he won the poll contest by 6.89 lakh votes in 2019. He has now broken his own record and was leading by 7.67 lakh votes at 4:30 pm. Chouhan was ahead from Vidisha by more than 7.96 lakh votes. Shah was leading the poll race in Gandhinagar by a margin of more than 7.37 lakh votes while Aviation Minister Jyotiraditya Scindia was ahead from Guna in Madhya Pradesh by more than 5.4 lakh votes. Prime Minister Narendra Modi was leading by more than 1.49 lakh votes from Varanasi in Uttar Pradesh. Congress leader Rahul Gandhi has bettered Sonia Gandhi's 2019 victory margin from the Rae Bareli constituency in Uttar Pradesh and was leading by more than 3.88 lakh votes against his nearest rival Dinesh Pratap Singh of the BJP. Gandhi was also leading from Wayanad in Kerala by a margin of more than 3.64 lakh votes. Former Tripura chief minister Biplab Kumar Deb of the BJP was leading from Tripura West by a margin of more than six lakh votes while Kriti Dev Debbarman of the saffron party has won the Tripura East constituency by a margin of more than 4.86 lakh votes. BJP's Hemang Joshi was also leading by more than 5.82 lakh votes from Vadodara. Congress's Amasahayam Raghuram Reddy was winning from Khammam by a margin of more than 4.59 lakh votes. BJP's Eatala Rajender was leading by 3.81 lakh votes from Malkangiri while Ajay Bhatt from the Nainital-Udhamsingh Nagar constituency was leading by a margin of more than 3.26 lakh votes. BJP's Brijmohan Agrawal was leading by a margin of more than 4.43 lakh votes from Raipur. Hema Malini of the BJP, who is seeking a hat-trick from Mathura, was leading by 2.61 lakh votes while Mahesh Sharma was leading by 5.57 lakh votes from Noida. In Haryana, Congress's Kumari Selja and Deepender Singh Hooda are ahead from Sirsa and Rohtak by 2.67 lakh votes and 3.01 lakh votes respectively. SEE ALSO:<a href="https://www.businessinsider.in/politics/elections/lok-sabha-election-results-2024-live-counting-begins-at-8-am-as-bjp-led-nda-hopes-for-a-historic-third-term/articleshow/110685785.cms" target="_blank"></a> <a href="https://www.businessinsider.in/politics/elections/lok-sabha-election-results-2024-live-counting-begins-at-8-am-as-bjp-led-nda-hopes-for-a-historic-third-term/articleshow/110685785.cms" target="_blank">Lok Sabha Election Results 2024 LIVE: BJP-led NDA crosses halfway mark in terms of leads; INDIA bloc still putting up a fight</a><a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms" target="_blank">May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms" target="_blank">Upcoming cars and two-wheelers launching in India in June 2024</a>

LS polls: 5 leaders crush highest victory margin record, Indore's Lalwani tops chart

New Delhi, May 7 () The cremation of 31-year-old Delhi Police constable Amit Kumar who died due to COVID-19 was held here on Thursday, police said. Kumar, the first policeman in the national capital to die due to coronavirus, was posted at the Bharat Nagar Police Station in northwest Delhi, they said. After his condition deteriorated on Tuesday evening, he was taken to the Ram Manohar Lohia Hospital, where he was declared brought dead by doctors. Kumar's sample was sent for COVID-19 test and the reports came as positive on Wednesday, police said. Chief Minister Arvind Kejriwal condoled the demise of the constable and said his family would be provided with an ex-gratia of Rs 1 crore. Joint Commissioner of Police (Northern Range) Manish Agrawal, Deputy Commissioner of Police (Northwest) Vijayanta Arya and other officers of the district paid their last respects to the deceased at Punjabi Bagh crematorium. The joint commissioner of police interacted with the family members of Kumar and conveyed his condolences in this hour of grief. AMP SNESNESNE

31-yr-old constable who died due to COVID-19 cremated, senior officials pay respect

Chandigarh, Dec 20 () The revenue under State GST has recorded a growth of 33 per cent in November this year, compared to the corresponding month previous year.
The overall growth of the collections under State GST up to November in the current financial year stood at 18 per cent over the same period previous fiscal.
This was informed in a review meeting held via video conferencing of the excise and taxation officials of Haryana under the Chairmanship of Excise and Taxation Commissioner Amit Kumar Agrawal.
It was informed that the return compliance of the state has also shown marked improvement in November 2019. It stands at 78 per cent, which is 4 per cent higher than the national average, according to an official statement here.
Agrawal directed the officials to ensure 100 per cent return compliance by the top taxpayers of the state. At present, the compliance of top taxpayers for the month stands at 93 per cent.
The excise officials have also been directed to conduct physical verification of 3,000 non-filers of returns under GST across the state. This exercise will be completed by December 23, 2020.
The field officers were further directed to ensure that physical verification of each new taxpayer be conducted within 15 days of registration.
Agarwal directed all district heads to strictly adhere to the timelines fixed for the issuance of refunds. Any pendency of refunds is to be removed within seven days, he added. SUN BAL

Haryana's revenue under State GST records 33 pc growth in Nov

(Eds: Updating)        New Delhi, May 7 () The national capital on Thursday reported its highest spike in coronavirus cases in a day with 448 fresh cases and the total number of COVID-19 patients nearly touched 6,000, a health bulletin said.       According to the bulletin, the total number of coronavirus cases now stands at 5,980. With one more fresh fatality, the death toll has risen to 66.         This week has recorded the highest spike in coronavirus cases in Delhi – May 6 reported 428 cases and May 3 reported 427.         The day also saw 389 recoveries, the highest so far in a single day.   Over 1,000 migrant workers from Madhya Pradesh, stranded in the national capital for nearly 40 days due to the coronavirus-induced lockdown, left for their state in a special Shramik train.             Health Minister Satyendra Jain said the government was in constant touch with all the states regarding sending the migrant labourers and other stranded people to their homes.             A railway official said the second Shramik train carrying stranded migrant labourers will leave Delhi for Bihar on Friday.              "First train carrying 1,050 migrants from Delhi left for Chattarpur, MP, today at 8 pm. A series of such trains would be carrying migrants to diff parts of India in the coming days," Delhi transport minister Kailash Gahlot tweeted.            After chaos outside liquor shops for four days, the AAP government has launched an e-token service for those buying liquor. The decision has been taken to encourage people to avoid standing in long queues in violation of social distancing norms.                While applying for an e-token, the buyer's name and phone number will be required and the e-coupon will be sent at the registered mobile number. Through the e-token the person will be allowed to buy liquor from a nearby shop at an allotted time.            The migrant workers leaving for Madhya Pradesh were screened by the authorities. Around 10,000 migrant workers are staying in government-run shelters in the national capital.            Carrying their belongings, the migrants arrived at the railway station in over 70 buses arranged by the Delhi government to board the special train for Madhya Pradesh.             After alighting from the buses, the passengers stood in circular rings some feet apart from each other outside the station in accordance with social-distancing norms.            They were allowed in the station in batches and railway officials guided them to the train.             On the platform also, authorities have marked white circular rings for the passengers to stand at a safe distance from each other.            "I was at a shelter home in Roop Nagar for the last eight days. I polish marble slabs for a living. I will come back when things get back to normal," said Balram Kumar, one of the outbound migrants.            Thousands of migrant labourers across the country were stranded after the nationwide lockdown was announced due to the coronavirus pandemic.             The Railways started the migrant special services from May 1 and has since then operated 171 such trains.             Of the total number of coronavirus cases in the national capital, more than one-third have been reported between May 1 and 7.             Jain said the growth rate of COVID-19 cases in Delhi was around 8 per cent till Wednesday. Earlier the rate was 20 per cent, then it dropped to 15 per cent and further dropped to 12 per cent.            "Delhi government is monitoring the situation 24×7 to ensure that the virus does not spread further. Compared to western countries the situation in India is much better," he said.            The total number of containment zones in Delhi are 83, while 17 have been de-contained.              Chief Minister Arvind Kejriwal has announced an exgratia of Rs 1 crore to the family of Delhi Police constable Amit Kumar who died of coronavirus.            "Amit ji did not care for his life and kept serving us Delhi people. He got infected with corona and passed away. I pay homage to his sacrifice on behalf of all Delhi people. An ex gratia of Rs one crore will be given to his family," Kejriwal said in a tweet.             The 31-year-old constable, who hailed from Sonipat, was posted at Bharat Nagar Police Station in northwest Delhi, police said. The constable is survived by his wife and a 3-year-old son, he added.            East Delhi MP Gautam Gambhir said his Gautam Gambhir Foundation will take care of the education of the constable's son.            "The administration failed him. The system failed him. Delhi failed him. We can't bring Constable Amit back, but I assure that I will look after his child like my own. GGF will take care of his complete education. #DelhiFailedAmit #CoronaWarriorsIndia," Gambhir tweeted.             Kumar's last rites were held at the Punjabi Bagh crematorium. Joint Commissioner of Police (Northern Range) Manish Agrawal, Deputy Commissioner of Police (Northwest) Vijayanta Arya and other officers of the district paid their last respects to the deceased.  NIT ASG BUN KND AMP PR  RDMRDM

Coronavirus cases in national capital nearly 6,000; first train carrying migrants to MP leaves Delhi

<ul><li><keyword id="404121" type="PERSON" weightage="20" keywordseo="clear">Clear</keyword>, formerly known as <keyword id="2763190" type="PERSON" weightage="20" keywordseo="Cleartax">ClearTax</keyword>, is planning to hire across verticals like tech, product and marketing.</li><li>The company is reportedly in talks with Tiger Global to raise $100 million, at a valuation of $800 million.</li><li>The company claims to facilitate 10% of India’s B2B invoices, with a trade value of $300 billion, annually.</li></ul>Fintech software-as-a-service (<keyword id="6395918" type="UNKNOWN" weightage="20" keywordseo="SAAS">SaaS</keyword>) company Clear, formerly known as ClearTax, has been going aggressive about its growth plans since the start of 2021. It started with the rebranding, to launching of new products, to the recent acquisition of yBANQ. But this plan does not end here. In order to accelerate growth and become a full stack financial services provider, Clear would be focusing on two core strategies — hiring and acquisition. The company plans to hire more than 100 employees across verticals to aid its organic growth, the company’s cofounder Srivatsan Chari told Business Insider in an exclusive interaction. The hiring would range across leadership roles, mid-senior positions to junior roles. According to the company’s website, there are vacancies in marketing, finance, sales, human resources, engineering, design, product, strategy, category, support and legal roles. Earlier in January, Clear on-boarded former MedLife executive <a href="https://www.linkedin.com/in/paranth-thiruvengadam-2567719/?originalSubdomain=in">Paranth Thiruvengadam </a>as chief technology officer (CTO) of the company. Since then, the company has made several changes across product and technology teams. Key changes at Clear in the last six months: <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Paranth Thiruvengadam </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">CTO </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Akhil Bansal </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Director, Product </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Naveen Kumar Jain </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Director of Engineering </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Pranesh Vittal </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Director of Engineering </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Vinish Varghese </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Director, Design </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Ankit Saxena </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Head of Operations </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Amit Gupta </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">National Sales Head, Enterprise </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sandeep Singh </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Senior Director of Product </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Esha Savla </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Director, Customer Experience </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Ankur Agrawal </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Director, Strategy </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mayank Parihar </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;overflow:hidden;overflow-wrap:break-word;">Director, Business Finance </td></tr></tbody></table> On the acquisition side of the plan, it has already acquired Y Combinator-backed business-to-business (B2B) payments startup yBANQ to enter the B2B payments and credit market. There is more to come in the near future. Chari told Business Insider that they are currently building several products, particularly for small and medium enterprises (SME) domain and enterprises, in-house. However, they will be relying on acquisitions to enter more niches and segments. “There are capabilities or certain industries, like payments, where you want a lot of experience or technologies. So that's basically where acquisitions come in, so it is going to be a multi-pronged strategy. We are going to build and we will be acquiring also to just leapfrog our growth.” — Clear cofounder Srivatsan Chari told Business Insider in an exclusive interaction. Clear’s product journey from e-filling to full stack payments system Clear was founded by Archit Gupta, Ankit Solanki and Srivatsan Chari in 2011 as ClearTax. The company started its journey as a fintech startup that offers solutions for income tax filing online. The company witnessed its first surge in 2016, when the Indian government made e-filing mandatory. This was also the year the Indian government introduced the Goods and Service Tax (GST) that came into force on July 1 of 2017. Clear made the decision to expand their business offering, by providing tax-filing services to enterprises. The company offers solutions, including GST and e-filing bill software, along with business incorporation and compliance services for enterprises. It had also launched a wealth management platform for tax saving and mutual funds in January 2020. The Bengluru-based startup, across its verticals, caters to four groups — consumer, small medium business (SMB), enterprises and tax experts such as chartered accountants (CA) or accountants. "We have evolved from income tax compliance to full-stack compliance, invoicing, and financial serices firm. We cater to not only individual taxpayers, but also businesses, tax experts, and accountants. Today, we process about 10% of India's B2B invoices, over $300 billion of trade value every year, and contribute to 10% of India's e-invoice generation," Clear founder and chief executive (CEO) Archit Gupta told news agency PTI in a previous conversation. Upcoming fundraise still on the table The company currently has a customer base of 5 million Indian taxpayers, over one lakh tax practitioners, six lakh small businesses and 2,000 large businesses as well as brands. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Round </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Investors </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2014 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Undisclosed </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sumon Sadhu </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2016 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$1.3 million </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Max Levchin, Scott Banister </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2016 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$2 million </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Founders Fund, Sequoia Capital </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2016 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$12 million </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Elevation Capital </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2018 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$50 million </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Composite Capital Management </td></tr></tbody></table> The company has raised $65 million of equity funding from marquee investors like PayPal co-founders Peter Thiel’s Founders Fund, Max Levchin, Composite Capital, <keyword id="122716" type="CITY" weightage="20" keywordseo="Sequoia-Capital">Sequoia Capital</keyword>, and <keyword id="161314" type="COMPANY" weightage="20" keywordseo="SAIF-Partners">SAIF Partners</keyword>. It was the first Indian startup to have raised funding from Y Combinator. Clear is now said to be in talks with Tiger Global to raise a <a href="https://economictimes.indiatimes.com/tech/funding/tiger-global-may-lead-cleartax-funding-round-at-750-850-million-valuation/articleshow/81620600.cms">$100 million </a>funding round, at a valuation of $750 million-$800 million. The company’s co-founder Chari referred to these reports as media speculations, however, he also added that the company is in talks with certain undisclosed investors. Chari did not share any more information on the potential fundraising or valuation. "Conversation with people happen, but we don't have any news to share at this point," Chari told Business Insider. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/rolex-rings-ipo-last-day-for-subscription-allotment-on-august-4/articleshow/84864899.cms">Today is the last day of Rolex Rings’ ₹731 crore IPO with a price band of ₹880-900</a> <a href="https://www.businessinsider.in/science/news/nasa-has-delayed-boeings-spaceship-flight-after-a-russian-module-pushed-the-space-station-out-of-position/articleshow/84876573.cms">NASA has delayed Boeing's spaceship flight after a Russian module pushed the space station out of position</a> <a href="https://www.businessinsider.in/tech/mobile/news/googles-sundar-pichai-has-teased-the-whitechapel-chipset/articleshow/84853916.cms">Google teases Whitechapel chipset that may power Google Pixel 6 devices</a>

Clear(Tax) is planning for major acquisitions as it looks to 'leapfrog' its growth

(Eds: With fresh inputs, more details) Lucknow, Apr 25 () The death toll due to COVID-19 in Uttar Pradesh rose to 27 with two more fatalities, while 177 fresh cases were reported on Saturday taking the total number of cases in the state to 1,793, the health department said.Of the total cases reported in the state, 1,505 patients are undergoing treatment while 261 have been cured of the disease.In a statement, Dr Vikasendu Agrawal, the Joint Director/State Surveillance Officer of Integrated Disease Surveillance Programme (IDSP), said, "177 fresh COVID-19 cases have been reported in the state on Saturday, taking the total number of COVID-19 cases in the state to 1,793 from 57 districts."The two fatalities reported on Saturday were from Moradabad and Agra, he said.A bulk of the fresh cases were from Saharanpur (37), Agra (25), Kanpur (24), Lucknow (19), Santkabirnagar (19) and Bareilly (11).Of the 19 cases reported from Santkabirnagar district, 18 were members of an extended family and all of them have been admitted to hospital, a senior administrative officer said.District Magistrate Ravish Kumar Gupta said a student of the Darul Uloom Deoband seminary who had arrived in the district last month, tested positive for coronavirus earlier this week. His family members and close relatives were kept in quarantine and their samples sent for testing, of which 18 have been found to be positive, he said.The other person had recently returned from Mumbai. His COVID-19 test report was received on Saturday. His family members have been quarantined and their samples sent for testing, the DM said, adding with these new cases, the number of coronavirus cases in the district has was now 21.The areas from where these cases were reported have been sealed off, he added.According to a UP health department statement, so far, 1,040 Tablighi Jamaat attendees and their contacts have tested positive for COVID-19 in the state.Principal Secretary Medical and Health Amit Mohan Prasad said, "Chief Minister Yogi Adityanath has directed that hospitals, be it government or private, must strictly adhere to infection prevention protocol. For this, a team under an additional chief medical officer has been constituted.""The team will work to ensure that infection prevention protocol is observed. Through this committee, we will start imparting onsite training," he said.Ten more coronavirus cases were reported in Bulandshahr taking the tally in the district to 37, Chief Medical Officer K N Tiwari said, adding that of the 10 cases, six were members of a family and the rest were Odisha natives who had attended the Markaz event in Delhi.In Mathura, one more case of the viral infection was reported on Saturday taking the total number of cases in the district to 11, an official said. According to District Magistrate Sarvagya Ram Mishra doorstep delivery of essential commodities has been ensured and drones are being used to monitor compliance of the lockdown norms.Muzaffarnagar reported five more coronavirus cases. With this, the total number of cases in the district has reached 22, officials said. CORR NAV/SAB NSDNSD

COVID-19 death toll reaches 27 in UP, total cases stand at 1,793

<ul><li>Most of the novel <keyword id="8674550" type="UNKNOWN" weightage="20" keywordseo="Coronavirus-cases-in-India">coronavirus cases in India</keyword> (80%) are asymptomatic cases,<a href="https://www.businessinsider.in/business/corporates/news/the-452-million-unilever-gsk-deal-had-to-be-changed-because-indias-love-for-horlicks-is-worth-billions/articleshow/75242870.cms"> reported NDTV citing Dr Gangakhedkar, a senior ICMR scientist.</a> </li><li>An asymptomatic <a href="https://www.who.int/docs/default-source/coronaviruse/situation-reports/20200402-sitrep-73-covid-19.pdf?sfvrsn=5ae25bc7_2">case is where an infected patient </a>does not show any symptoms. </li><li>This is possibly one of the primary reason why COVID-19 became a pandemic in such a short time. </li><li>Not just India, 80% of all people who have <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword> don’t show any symptom. </li></ul>There is something more alarming than the growing number of COVID-19 cases in India. According to two of India’s top scientists, few are aware that they are infected, and symptoms do not give away much. Most of the novel <keyword id="8644408" type="UNKNOWN" weightage="20" keywordseo="Coronavirus-cases">coronavirus cases</keyword> in India (80%) are asymptomatic cases,<a href="https://www.businessinsider.in/business/corporates/news/the-452-million-unilever-gsk-deal-had-to-be-changed-because-indias-love-for-horlicks-is-worth-billions/articleshow/75242870.cms"> reported NDTV citing Dr Gangakhedkar, a senior ICMR scientist. </a>“Our biggest worry is their detection. There is no other way than contact tracing,” said Gangakhedkar. An asymptomatic <a href="https://www.who.int/docs/default-source/coronaviruse/situation-reports/20200402-sitrep-73-covid-19.pdf?sfvrsn=5ae25bc7_2">case is where an infected patient </a>does not show any symptoms. ‘Only those with weak immunity show symptoms’ According to Prof Nirmal Kumar Ganguly, former director of ICMR, COVID-19 virus is capable of multiplying and quickly spreading once it enters the cell. Moreover, it can remain active in the air for 3 to 4 hours. “Only those who have a weak immune system start showing symptoms -- cough, cold, fever, acute pneumonia resulting in respiratory issues – within 5-14 days of coming in contact with the virus. A severe case of COVID-19 results in septicemia -- shock resulting in death,” said Ganguly. The observation <a href="https://www.who.int/docs/default-source/coronaviruse/situation-reports/20200402-sitrep-73-covid-19.pdf?sfvrsn=5ae25bc7_2">comes a day after the Health Ministry said </a>the number of asymptomatic people testing positive is “not very high”. “Asymptomatic people actually coming out positive is not a very big percentage, that is what the historical data from across the world has shown us. So what is important for us is to be aware of this challenge and ensure that even asymptomatic people if they are high risk, that is part of our sampling criteria. We need to monitor them, do tests and quarantine them,” said Lav Agrawal, spokesperson, Ministry of Health and Family Welfare. India reported 1,553 fresh cases of coronavirus in the last 24 hours, taking the total number of cases to 17,265, according to the Ministry of Health and Family Welfare. Of these, 14,175 are active cases while 2,546 have recovered. As many as 543 people have died due to COVID-19 disease in India. Delhi and Maharashtra struggle with asymptomatic patients <a href="https://www.hindustantimes.com/india-news/coronavirus-latest-update-asymptomatic-covid-cases-between-50-to-82-highlight-the-threat-from-silent-carriers/story-sC6bMC5NPELoC1AowuiLQL.html">According to media reports,</a> 75% of total coronavirus cases in Punjab, 50% in Karnataka, 70% in Maharashtra and 75% in Uttar Pradesh were asymptomatic. Previously, Maharashtra CM Uddhav <a href="https://twitter.com/CMOMaharashtra/status/1251775902830063617">Thackeray said 70-75% of the novel coronavirus </a>patients in the state were unaware that they were infected. Maharashtra is the worst-hit state with 4203 cases of Coronavirus which killed 223 people. Delhi CM Arvind Kejriwal too confirmed that about 186 coronavirus cases reported in the national capital on April 18 were asymptomatic. According to Dr Karan Peepre, Medical Superintendent, AIIMS, Raipur, asymptomatic cases can be dealt with quick identification and isolation. Whereas, Uttar Pradesh health secretary Amit Mohan Prasad <a href="https://twitter.com/CMOMaharashtra/status/1251775902830063617">believes identifying hotspot</a>s will help in preventing the spread of coronavirus by asymptomatic patients. ‘Without a vaccine, it might take 2 years to control Covid-19’ Experts believe identifying patients who show no symptoms is a difficult task without large scale testing. “Testing in India is inadequate and lacks quality control measures. Hence the actual number of cases could be higher,” said Dr Ganguly. Testing remains a challenge for the second most populated country in the world with 1.3 billion people. India is unable to test each and every individual like New Zealand or South Korea. At first, India tested only those who had travelled to a foreign country or have come in contact with those who tested positive. However, asymptomatic cases might soon increase as the government recently introduced rapid antibody testing. With no vaccine in place, it might take 2 years to control the pandemic, added Ganguly See also:<a href="https://www.businessinsider.in/india/news/manipur-and-goa-declared-coronavirus-free-as-all-patients-recover/articleshow/75246519.cms">Manipur and Goa declared Coronavirus-free as all patients recover</a>

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Clear(Tax) is planning for major acquisitions as it looks to 'leapfrog' its growth

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COVID-19 death toll reaches 27 in UP, total cases stand at 1,793

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