OCTOBER 20184With a robust eco-system well connected with investors, VCs, mentors and other enablers, Maharashtra is now a home to more than 1,019 startups. With a Startup Policy in place, the startup scene in Maharashtra is likely to get stronger in the coming years. According to an Inc42 DataLabs report, Maharashtra based start-ups have raised more than US$868 Mn across 135 deals between January 2017 and September 2017.To strengthen the start-up ecosystem further in different cities of Maharashtra, the Maharashtra Government has launched a number of startup-centric initiatives in the last few months. As per industry reports, the Government has proposed to issue a 100 percent waiver to startups or incubators on stamp duty and registration charges on their first transaction to make buying/renting spaces for startups easy. The state government also has announced plans to introduce a range of funding concessions for budding entrepreneurs and SMBs.The Startup Policy, playing an active role in supporting the start-ups, aims to facilitate the emergence of around 10,000 startups over the next five years through investments worth over US$782.2 Mn (INR 5,000 Cr). With the goal of creating 500K direct and indirect jobs in the state, the Startup Policy also includes a roadmap for setting up at least 15 incubation centres across Maharashtra for sectors including construction, production and manufacturing, textile, automotive, hospitality, healthcare, banking, finance and insurance, organized retail, pharmaceutical and chemical, information technology and enabled services, agro-processing and biotechnology. Identifying such growth and innovation, our current edition has featured a list of "25 Most Promising Maharashtra Startups". The list features the next gen entrepreneurial talent in the state that bringing solutions to various problems and delivering better services to businesses. We also recommend you to read our cover story on Upwards, a Mumbai based company that offers quick and easy personal loans to salaried individuals without a credit history.Do let us know your thoughts.Nandini MukherjeeManaging EditorStartups in Maharashtra are soaring High!EDITOR'S NOTE Vol 4 · Issue 4 - 1 · October 12, 2018 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Hridkamal Roy Lakshmi G Pooja Devi Pavithra V.H Sales & Marketing Felisha Rita Garima Anand Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2018 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualisers Manjunath Satyajit SubhankarGM Sales & Marketing Rohit Kumarsiliconindia
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