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After IIT Bombay Ban, Job Seekers Turn Cautious Against Startups Offers

4Sep By Press Trust of IndiaNo Comments

ANALYSIS

After IIT Bombay Ban, Job Seekers Turn Cautious Against Startups Offers

Job seekers have become more cautious while considering offers from startups as it presents substantial risk to their long-term goals, according to experts. "With the premier tech school IIT Bombay blacklisting nine startups, job seekers have become more cautious before accepting offers from them. "There could be more job seekers declining offers from these companies as they will weigh the substantial risk they need to take while making such career moves as they consider their long-term professional goals," hiring consultancy Michael Pages Director Ankit Agarwala said. Recently, IIT Bombay had blacklisted nine startups for one year as a penalty for various violations, including revoking offers to some graduates. Startups are generally hiring cautiously and focusing main...

NCR Startups Face Funding Crunch; Attract Just $170M in 2016

24Aug By Press Trust of IndiaNo Comments

ANALYSIS

NCR Startups Face Funding Crunch; Attract Just $170M in 2016

Funding activity in the national capital region witnessed a slowdown with deals signed worth $170 million in 155 transactions so far this year, says a report. According to 'VCCEdge Startup Funding Insights' the NCR startup ecosystem witnessed funding crunch and attracted $170 million (about Rs 1,140 crore) this year. "At the going run-rate, funding deals for the year 2016 may not be able to cross the 2014 deal value of $289 million," the report said. The year 2015 was a landmark year that registered a deal value totalling $608 million as against $289 million in 2014. "The slowdown is attributed to investor pragmatism and selectiveness in funding enterprises that have business models that best optimise the funding they receive. Startups have to, perforce, 'Conserve and Grow...

Bengaluru Most Hospitable to Tech Startups; NCR Next Best

22Aug By PriyankaNo Comments

ANALYSIS

Bengaluru Most Hospitable to Tech Startups; NCR Next Best

(ANI): Bengaluru is host to the largest share of technology driven start-ups, followed by the Delhi NCR and Mumbai while Hyderabad and Chennai are also quite popular among the techies who are budding entrepreneurs, according to an ASSOCHAM study. The study done in association with the thought arbitrage found that in the technology driven start-ups, India has moved up to third position with the US occupying the top position with more than 47,000 and UK with over 4,500. India's tech start-ups number around 4,200 up to 2015. In terms of total number of start-ups, comprising tech and non-tech areas, India again figured among the five largest hosts in the world along with China. The number of start-ups in both India and China was 10,000 each. The US is at the number one position among...

Indian Homes Have Rs 78,300 Cr Worth of Used Goods: OLX Report

9Aug By NitishNo Comments

ANALYSIS

Indian Homes Have Rs 78,300 Cr Worth of Used Goods: OLX Report

Indian homes are estimated to have over Rs 78,300 crore worth of used goods like clothing, utensils and books, a study by used goods marketplace OLX said today. According to the third edition of Consumer Research on Used Goods and Selling Trends (CRUST) Survey 2015-16, the estimated market for used goods was about Rs 56,200 crore. In its first survey in 2013-14, OLX had coined the term Brown Money to represent the value locked in unused goods gathering dust in homes. The report prepared by OLX and market research firm IMRB found that on an average, every Indian household is stocking 12 clothing items, 14 kitchen utensils, 11 books, 7 kitchen appliances, 2 mobile phones and 3 watches. South India leads other regions on stocking, while among cities, Chandigarh and Kochi at 98 per cent le...

Retailers Earn More From Online Than Offline Sales: Study

6Aug By NitishNo Comments

ANALYSIS

Retailers Earn More From Online Than Offline Sales: Study

Retailers offering customers an option to buy products online earn more revenue than those who only sell their goods offline, according to a new study. The study suggests that customers spend more online because it is easier to locate items through the search function. Junzhao Ma, a lecturer at Monash University in Australia studied how a larger selection of products available online affects consumer spending, using data from a large US retailer that specialises in apparel and offers both printed catalogue and internet shopping. In particular, he examined the effect on the retailer's main products, offered in the catalogues and for which there was high demand and the less-popular niche items that were available on the retailer's website but hard to find in its catalogues. Ma found ...

Decoding: Venture Capital Investments Globally

18Jul By reutersNo Comments

ANALYSIS

Decoding: Venture Capital Investments Globally

Venture capital investments in startups rebounded in the second quarter, as a general stock market recovery helped restore confidence, according to a new report published on Friday. Investors plowed $15.3 billion into venture-backed startups in the second quarter of this year, a 20.5 percent increase over the $12.7 billion invested in the first quarter, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. The report's conclusions are based on data from Thomson Reuters. "There was a bit of a pause in the first quarter when the public markets took a beating," said Sean Cunningham, managing director of Trident Capital Cybersecurity. "The public markets are back. Everyone is bullish." Ride-hailing company Uber Technologies Inc and mes...

Only 3% Mobile App Users in India Spend Money on In-App Purchases

1Jul By AdityaNo Comments

ANALYSIS

Only 3% Mobile App Users in India Spend Money on In-App Purchases

Just about 3.1 per cent of mobile app users in India spend money on in-app purchases compared to 5.2 per cent globally, according to a new report. However, Indian users spend almost as much as global average for in-app buys. "Only 5.2 per cent of users spend money on in-app purchases globally and in India it is 3.1 per cent. The average paying user however spends USD 9.60 in monthly transactions per app with purchase activity globally -- and USD 8.78 in India," said the State of In-App Spending report by AppsFlyer, a mobile marketing attribution analytics company. The report based on In-app Purchase (IAP) behaviors of more than 100 million mobile app users across over 1,000 apps - found that, overall, Asian users spend 40 per cent more on in-app purchases than the rest of the world wh...

How Financially Ready Are You For Retirement?

1Jul By PriyankaNo Comments

ANALYSIS

How Financially Ready Are You For Retirement?

How will your retirement life look like? Have you thought anything about it? Most of us would give the answer in No. Most of us believe the idea of living in the present time and therefore, we end up ignoring the future. We splurge on things, and retirement planning is most often left for people above 45 or 50 years. According to the United Nations World Population Prospects, the 60-year segment in India is expected to reach 323 million by 2050. With increasing life expectancy and inflation rates, it becomes imperative to support one’s sunset years. Ensuring that your life remains comfortable, and all your family expenses are covered in the absence of regular earnings are the primary reasons saving for retirement is so essential. Here are the steps you need to follow to help y...

Over $8 Billion Funding in Mobile-Based Startups in 5yrs: Report

28Jun By Press Trust of IndiaNo Comments

ANALYSIS

Over $8 Billion Funding in Mobile-Based Startups in 5yrs: Report

With mobile phones contributing 40 per cent of all e-commerce sales in India in 2015, startups in m-commerce, video streaming, gaming and m-payment segments attracted USD 8,053 million worth of funding through 394 early stage deals in the last five years, a report said. The highlights of the Annual Indian Mobile Ecosystem Report, by News Corp VCCircle showed startups in these four segments are identified as major contributors to driving mobile data consumption. M-commerce and mobile payments attracted investment deals of USD 7,930 million cumulatively, in the last five years, it said. Across the four segments, 2015 saw a surge in terms of deal volumes with 115 early stage funding deals amounting to USD 2,857.73 million against 87 deals worth USD 3,285 million in 2014. "With a m...

Rs 10k Smartphone Segment in India to Grow 44% in 2016: Report

27Jun By NitishNo Comments

ANALYSIS

Rs 10k Smartphone Segment in India to Grow 44% in 2016: Report

The under Rs 10,000-smartphone segment is expected to grow 44 per cent this year, constituting 70 per cent of the market, a CMR report said. According to the research firm, smartphone shipment in the country is expected to grow to about 130 million handsets this year from 97 million last year by 163 brands. "The entry-level or sub-Rs 10,000 accounted for 75 per cent of the market in calendar year 2015 with 153 brands shipping in the price bracket," it said. For 2016, the segment is forecast to constitute about 70 per cent of the estimated 130 million shipment (91 million), it added. "The sub-Rs 10,000 segment is expected to grow at 44 per cent, driven by consumers upgrading from feature phones to smartphones," the report said. The mid-tier segment (Rs 10,000-20,000 bracket) is e...

Online Companies are Focusing on Unit Economics, Customers: Report

22Jun By Press Trust of IndiaNo Comments

ANALYSIS

Online Companies are Focusing on Unit Economics, Customers: Report

E-Retailers Focusing on turning unit economics positive and customer retention as opposed to the prior focus on gross merchandise value, a recent report said. "We believe this may be a function of limited availability of capital, leading companies to focus on cash generation. Post government regulations that curtailed discounts, companies seem to have done away with the same; most discounts being seen online are being offered by sellers or brands themselves," a study by Kotak Institutional Equities said. Gross merchandise value is the total sales value of goods sold through a marketplace. Most companies surveyed are also evaluating other revenue streams such as advertising and online content to better leverage their platform, it added. Customer retention, recall and loy...

18Jun By Press Trust of IndiaNo Comments

ANALYSIS

Boring, Dirty Workplace May Affect Your Brain Function: Study

Bosses, take note! A lack of stimulation in the workplace and a dirty working environment can have a long-term cognitive effect on employees, a new study has warned. "Psychologists say that the brain is a muscle, while industrial hygienists point to chemicals in the work environment that may cause decline," said Joseph Grzywacz from Florida State University in the US. "There are real things in the workplace that can shape cognitive function: some that you can see or touch and others you cannot. We showed that both matter to cognitive health in adulthood," said Grzywacz. In the past, researchers had been divided on whether it was working in an unclean workplace?facing exposure to agents such as mold, lead or loud noises - or working in an unstimulating environment that took the biggest...