It is Karnataka Government’s startup initiative. The kit contains a host of packages ranging from cloud, internet, telephony, software, payment gateway, finance and funding, incubation, marketing, tax and patent incentives and accounting services. Startup Karnataka states that the packages are subject to modification based on its agreements with Karnataka Biotechnology and Information Technology Services and the partner companies.

This is to credit their earnings from exports and sales made by them. The balances held in such accounts represent exports from India and will have to be repatriated to India within the period prescribed for the realization of exports. Payments in foreign currency arising out of exports or sales can be credited to Exchange Earners Foreign Currency account maintained in India by the start-up.

The $4mn penalty was reduced, keeping in mind the company’s financial condition. The Federal Trade Commission stated that InMobi was building a database of users, tracking user location and other details, without appropriate permissions. InMobi also collected data from Children specific apps, without permission from parents. The FTI hence claimed violation of the Children’s Online Privacy Protection Act. The penalty includes deletion of the database so created, and setting up an audit for the privacy policies, every 2 years, for the next 20 years.

This comes from HNI Sreenivasa Reddy Musani, CMD EKTHA Group. This will help SillyMonks augment their market leadership and to introduce new digital media properties. Sanjay Reddy, Founder and MD of SillyMonks, said the funds raised will further secure and maximise ROI for clients by delivering new digitally immersive online experiences to a highly connected customer base and help create innovative original content.