Startups

Indian startups Eye a new “SPAC” opportunity

When US stock market sneezes, Emerging markets including India catches cold! However, this time around there is positive news for Indian tech startups in the form of Special Purpose Acquisition Companies (SPAC’s). Though SPAC’s are not a new concept, suddenly they seem to be in a rage in US for a variety of reasons. Before that, let us briefly look at what this is. As the name implies, it is a special purpose vehicle formed and floated in the market...

Can startups be a solution for job creation?

The GCC region too has caught-up with this global phenomenon and has some successful start-up stories to boast about. Start-ups are being projected as forerunners of economic growth through job creation and also pursued as the solution for job creation. However, to what extent this presumption about start-ups holds well is debatable. Do start-ups create jobs? Table: Increase / Decrease in Employment Sectors 2012 2013 2014 2015 2016 Construction (27,780) (24,608) 99,087 69,313 56,937 Trade and Repair Services 56,312 41,756...