Bengaluru, March 21, 2016: “This union budget is well balanced and perfectly linked with the vision of prime Minister’s ‘Startup India Standup India’ campaign with 100% deduction on profit for startups for 3 out of five years. This exemption will reduce compliance burden and cash outflows. The decision of allotting 500 crores for Startup segment is a welcome move which will encourage entrepreneurship in coming years.
Capital gains tax exemption on investments and lowering the period from 3 years to 2 years for definition of long term Capital Gains in unlisted companies will pave way for new angel investors to invest in startups. With this initiative there will be growing funding support for startups in coming years.
Entrepreneurship learning through (Massive Open Online Course) MOOCS will provide access to educational resources across the country. The one day registration process for start-ups will also help the eco system to
grow. These positive moves will spark a new energy in the startup sector which is expected to raise US $700 million and will generate around 5000 jobs in the next 12 months.”
B.Tech from National Institute of Technology (NIT)- Allahabad and an MBA (Finance) from Asian Institute of Management, Manila, Ashwani Rathore is the Co-Founder and CEO (Chief Executive Officer) at SpiderG. Ashwani started his career in 2005 with IT major Cognizant, and then worked for a product company Talentica Software.
In 2007 Ashwani had also started a venture “Moms Kitchen”, a food e-commerce and aggregator and ran it for 3 years. After this venture, he worked for Venture Capital firm IndiaCo Ventures Ltd where his role was deal evaluation for investments
He also holds prior experience as a Business Consultant for Goldman Sachs and ISB-Hyderabad 10k women entrepreneurship program before starting the venture SpiderG.
With over 10 years of experience in finance and marketing, a large part of his experience involved setting up new businesses across e-commerce, IT, and B2B industries.
As the CEO of SpiderG, Ashwani is responsible for Finance, Marketing and Hiring processes. He is also accountable to drive revenue and margins by scaling up of operations and ensuring the right finances are in place to capture growth opportunities.
An ardent finance and marketing professional, Ashwaniis well versed with thefinance and marketing segments related to SME’s.
Readingup on psychology and cycling are the hobbies that Ashwani follows in his free time.
Corporate Comm India (CCI Newswire)
