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Almost 70% of Startups Globally Will Fail: Kris Gopalakrishnan

19Jul By NitishNo Comments

Entrepreneurs Talk

Almost 70% of Startups Globally Will Fail: Kris Gopalakrishnan

Infosys Co-Founder and former CII President Kris Gopalakrishnan today said almost seventy per cent of startups globally will fail and only five to ten per cent will become large and scale up. "Almost seventy per cent of startups will fail. About 20 per cent will survive but will not grow. They will remain small enterprises, and may be only five to ten per cent will become large and scale up - that is the spastics globally," he told reporters at the announcement of the 12th Innovation Summit 2016 here, of which he is the chairman. This should not, however, be treated as a concern or a challenge, but it is a part of natural process of evolution, he added. "The key is what are the learnings, and how do we continue to nurture this," he said. Asked who has made a mark globally ...

19Jul By RishabhNo Comments

FUNDING

Online Seller Bluestone scores $30 Million Funding by IIFL and Accel Partners

Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by financial services firm IIFL Holdings Ltd and Accel Partners. Kalaari Capital, RB Investments and IvyCap Ventures also invested in the Series D round, Bluestone Jewellery and Lifestyles Pvt. Ltd said in a statement. Founded in 2011 by Gaurav Kushwaha and Vidya Nataraj, BlueStone also has Dragoneer, Saama Capital, Ratan Tata, and Meena Ganesh among its backers. “BlueStone.com has a high quality team and has grown rapidly over the last year. With the strong foundation and this capital infusion, we believe BlueStone.com is well-positioned to build a large online jewellery brand in India.” said Vani Kola, Managing Director, Kalaari Capital. BlueStone raised $5 millio...

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...

Startup Cricket League- An IPL for Startups in India

18Jul By AdityaNo Comments

News

Startup Cricket League- An IPL for Startups in India

Startup Cricket League, SCL is India's first sporting event which is tailor made for startups to celebrate entrepreneurship and sportsmanship by taking a day off from their everyday problem solving trivium. Everyone loves a good game of cricket. We being Indians are exceptionally crazy about the sport. This craziness when combined with the frenzy and energy of the startup ecosystem gave birth to Startup Cricket League, IPL for Startups in India. The journey of a startup is all about the opportunities. SCL is a platform for Startups to pitch their ideas to the investors and mentors. It is also an expo for Startups to showcase their products to the hot shots of Startup Community and a bigger outreach for your product which it deserves. However, the most interesting highlight of the ev...

Dailyhunt Invested 15 Crores in OneIndia

18Jul By AnkitaNo Comments

FUNDING

Dailyhunt Invested 15 Crores in OneIndia

Dailyhunt, an app for news and e-book invested Rs 15 crore in the local news language portal OneIndia also known as Greynium Information Technologies, owned by Rajesh Jain and BG Mahesh. The funding from DailyHunt seen as a revenues sources for advertisement spend on digital with increasing smartphone users. Dailyhunt and Oneindia already have a content partnership. Rajesh Jain and BG Mahesh were the brains behind Prime Minister Narendra Modi's digital strategy during the 2014 elections and the investment will help Dailyhunt expand its partnership with OneIndia, which is owned by Greynium Information Technologies. Founded in January 2006, OneIndia websites includes Cricket, FilmiBeat and CareerIndia sections had 35 million unique visitors and 500-million page views a month. ...

Whatsapp Co-founder Invested In Delhi-based Startup

11Jul By RishabhNo Comments

FUNDING

Whatsapp Co-founder Invested In Delhi-based Startup

Delhi-based Trak N Tell, a car tracking telematics solution startup has recently raised an undisclosed amount of funding from a group of investors, led by Whatsapp co-founder Brian Acton. This is one of the major investment in any Indian startup involving a high profile Silicon Valley's entrepreneur. While the terms of the Series-A round were not disclosed, Acton, along with two other investors, whose names have also not been revealed, are believed to have pumped in about $3.5 million (Rs 23.3 crore) in the nine-year-old venture. "We are very pleased to have Brian on board, and he's been of tremendous help in terms of strategising, and planning for the company's next stage of growth," Pranshu Gupta, chief executive of Trak N Tell, said in a statement. Founded by Pranshu Gupta, a syste...

LatestOne.com To Invest Rs 15 Crore To Strengthen Its Customer Base

10Jul By RishabhNo Comments

FUNDING

LatestOne.com To Invest Rs 15 Crore To Strengthen Its Customer Base

LatestOne.com, a tech and mobile accessory retailer is planning to invest Rs 15 crore to double its customer base and improve operations. Last year in December Latestone.com had raised a total funding of Rs 50 crore out of which Rs 20 crore was from Palred Technologies Limited (PTL). The company showed great potential after its launch in June 2014 by Reddy. Now with this investment, the company plans to open over 100 franchise-based kiosks in malls over the next few years, a senior executive said. "We are looking to invest Rs 15 crore into strengthening our operations and looking to double our customers to 2 million by the end of the fiscal," Palem Srikanth Reddy, Chairman of Palred Technologies said. LatestOne.com has done 1 million successful deliveries with a customer base of 1.5 m...

Monsanto, Microsoft to Invest in Agricultural Technology in Brazil

5Jul By reutersNo Comments

FUNDING

Monsanto, Microsoft to Invest in Agricultural Technology in Brazil

U.S. biotech company Monsanto Co and Microsoft Corp announced on Monday a partnership to invest in agricultural technology startups in Brazil. Monsanto will join a Brazilian investment fund with up to 300 million reais ($92 million), managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production in the country, executives said. Selected ideas will receive initial funding of up to 1.5 million reais ($459,000) for early development. Project owners will have the option to pay back the investment after three years or convert the money into equity. "We want to foster new startups in the agricultural sector. There is a vast area for research and development," Rodrigo Santos, head of Monsanto in Latin America, told reporters on the sidelines of the ...

4Jul By RishabhNo Comments

FUNDING

Former Flipkart Executives’ CureFit Raises $15 million Funding

CureFit, a healthcare and fitness start-up launched by former Flipkart executives Mukesh Bansal and Ankit Nagori, has recently raised a $15 million Series A funding from Kalaari Capital, Accel Partners and IDG Ventures, which is one of the largest early rounds of funding ever by an Indian start-up. (more…)

2Jul By PriyankaNo Comments

FUNDING

Venture Catalysts Raises $500k Funding From Zaffiro Ventures

Valued in a groundbreaking development for the Indian entrepreneurial landscape, Venture Catalysts has secured $500000 amount from Zaffiro Ventures. VCats was valued at Rs. 40 crore during the investment process, marking a major landmark in the six months of its operations and underlining its position as the fastest growing seed investment platform in the country. "Our aim, ever since our launch, has been to support and augment the growth of promising start-ups across the country. The investment from Zaffiro will not only help us in expanding to multiple cities across India and promote entrepreneurship beyond the metropolitan and tier-I geographies, but will also allow us to access industry insights and business acumen gained by individuals such as Revathi Roy and Jagdish Gothi. ...

1Jul By RishabhNo Comments

FUNDING

Travel Application Instago Raises $500K in Angel Funding

Instago, an intra-city travel application that helps it's users to compare prices and book the cheapest mode of transport across different categories has raised $500K from multiple investors including angel investor Ramit Sethi of Strongbox Ventures. (more…)

Social Media Startup Sagoon Plans to Raise USD 1.8 mn By Diluting 10 pc Stake

30Jun By AnkitaNo Comments

FUNDING

Social Media Startup Sagoon Plans to Raise USD 1.8 mn By Diluting 10 pc Stake

Indian social media startup Sagoon plans to raise USD 1.8 million by diluting about 10 per cent stake in the company. "We are raising maximum of USD 1.8 million at a valuation of USD 15 million. Per share selling price is USD 3.75," Sagoon founder Govinda Giri said. Started in 2014, Sagoon offers a social commerce platform for users worldwide and plans to launch an equity crowd-funding initiative with the help of Bankroll. "The amount of capital raised will be used to expand the platforms user base, enhance product infrastructure and develop and launch a mobile app," Giri said. Sagoon also plans to introduce its social smart card later this year which rewards users for interacting with the sites features. Users will receive a free smart card when they...