Tuesday, May 21

Tag: Indian startups

Indian Startups raise $38.3 bn Funding in 2018: Report
FUNDING

Indian Startups raise $38.3 bn Funding in 2018: Report

New Delhi: Indian startups are estimated to have raised $38.3 billion in funding in 2018, behind only the US and China, a report by Yostartups said Thursday. Flipkart’s $16 billion deal with American retailer Walmart accounted for the biggest piece of the pie, followed by Swiggy raising about $1.3 billion over three deals, and OYO picking up $1 billion in 2018, the report said. Other big funding deals included those by Paytm Mall ($895 million), ReNew Power ($495 million), Byju’s ($422 million) and Zomato ($410 million). Around 1,000 deals were signed by Indian startups in 2018 with areas like e-commerce, fintech, sustainability and renewable energy, transportation and logistics, health and wellness, and travel and tourism attracting the highest investments, it add...
Airbus BizLab Eyes to Acquire Stake in Indian Startups
ACQUISITION

Airbus BizLab Eyes to Acquire Stake in Indian Startups

Global aerospace accelerator, Airbus BizLab is eyeing to acquire the stake in Indian startups that it has been working with. However, there has not been any confirmation regarding this news. Earlier, Airbus subsidiaries, Navblue and Aerial signed deals with three Indian startups, accelerated at Airbus Bizlab India, in the segments of aeronautical data services, flight operations and imagery.   If and when an equity participation takes place, it will be a departure from Airbus BizLab’s usual way of funding the startups. This is only limited to their business initiatives proofs of concepts. BizLab funds each proof of concept with a maximum of 50,000 euro (Rs 39,80,000). Since the past three years, BizLab has boosted up 50 startups and 40 internal projects, which have raised ...
5 Points You Must Know on What PM Modi Said About Startups
News

5 Points You Must Know on What PM Modi Said About Startups

On Wednesday, our honourable Prime Minister Narendra Modi had a live conversation with the startups across the country who have benefited from the Startup India Policy as well as with student innovators who are a part of Atal Innovation Mission’s Tinkering Labs. With the aim to promote young entrepreneurs in the country, the prime minister focused his conversation all over the growth and funding of the beginners in the field of business. During the interaction, Modi showed his appreciation by clapping impulsively at some of the comments and ideas of the entrepreneurs, and even when some of the government’s schemes were highly praised by the participants. In this regard, he said a few important things about startups that are worth nothing.   Startup India Highlights: What PM had...
Travis Kalanick Launch 10100 Funds to Invest in Indian Startups
News

Travis Kalanick Launch 10100 Funds to Invest in Indian Startups

Nine months after being ousted from one of the world’s most successful startups, Uber founder Travis Kalanick is back in business with a brand new project. Kalanick is now launching a 10100 fund from his personal fortune to invest in startups, “for-profit and not-for-profit work.” Kalanick has already started working on investing in startups by making several investments over the past few months and working with various company boards and engaging with entrepreneurs and non-profits. He made angel investments in startups such as software firm Pantheon, social media platform Blippy, online artwork community Deviant Art and medical startup Kareo. However, the interesting part is that Travis Kalanick is going to focus a large sum of his investments fund, named 10100 (pronounced ten-one-h...
Top 10 Indian Startups That Failed In 2017
BLOGS

Top 10 Indian Startups That Failed In 2017

Yes, startups fail, but entrepreneurs don't! This is an undeniable fact. 2017 has seen some of record breaking fund raisings and set new milestones for the ecosystem; not to forget Flipkart's $2.5 billion funding from SoftBank Group. If we look at the report by Institute for Business Value and Oxford Economics, it highlights that more than 90% of startups fail within the first five years. Whereas, 2016 NASSCOM states that the reason behind the failure of startups in India is none other than lack of innovation which led some startups to shut their shops within a few years of their inception. Top 10 Indian Startup FailsYes, startups fail, but entrepreneurs don't! This is an undeniable fact. 2017 has seen some of record breaking fund raisings and some heartbreaking startup shutdown...
Women Harassment in Startups And Resignation- The Story of HiTech World
Story

Women Harassment in Startups And Resignation- The Story of HiTech World

Today, we are an advancing society, reaching new territories with our knowledge and technology but the growth that we truly need, seems forgotten or lost. I am referring to sexism, and predominantly, sexism in startups. Women are discriminated against and sexually harassed on a regular basis in the startup work space. In 2013, a law was passed that mandated every company to have a team of 10 people that’ll ensure a structure to manage the complaints of female employees. Yet this law still remains unsatisfied as it is simply a target on paper for most companies. According to a recent survey, 60 percent of women working in Silicon Valley have fallen victims to uninvited sexual advances. This is a grave problem, prevalent in not only our society but the whole civilization.. We live in a...
Japan’s SoftBank Takes Driving Seat in Indian Online Shake-Up
News

Japan’s SoftBank Takes Driving Seat in Indian Online Shake-Up

After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. According to sources with direct knowledge of the matter, the solar-to-tech conglomerate is seeking to secure a piece of India's industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector. Among the most high-profile plans is SoftBank's push to engineer a merger between Snapdeal, the No. 3 player in one of the world's most competitive online markets and one of its biggest Indian investments to date, and market leader Flipkart. The deal could be finalised as...
Home Grown Startups Like “Ola and Flipkart” Losing Confidence: Saurabh Srivastava, IAN, Co-founder
Entrepreneurs Talk

Home Grown Startups Like “Ola and Flipkart” Losing Confidence: Saurabh Srivastava, IAN, Co-founder

Indian startups playing up the 'home-grown' card and asking government to shut doors to global companies indicate that companies are losing confidence, entrepreneur and angel investor Saurabh Srivastava said today. Instead, companies need to focus on ways to create an "enabling environment" without closing the doors for foreign players, he said. "One needs to have a balanced matured view... I think, we are losing confidence... there's no reason for that... We should make sure that the environment that we have is fair, free and level-playing field," Srivastava, who is also the chairman and co-founder of Indian Angel Network (IAN) said at a media briefing ahead of the TiE Global Summit. He added that while Indian companies should not be at a disadvantage, the focus needs to be on "how to c...
London Woos Indian Startups; Key to Growth, Jobs Post Brexit
News

London Woos Indian Startups; Key to Growth, Jobs Post Brexit

London's technology sector is wooing Indian startups and software firms, which are among the key drivers of growth and jobs for the capital city and the wider UK economy. "India is the second largest investor into London, after the US... Despite concerns over foreign investment inflows after the Brexit referendum, it will continue to be a top investor for us," Rajesh Agrawal, deputy mayor of London for business, told PTI here. Agrawal also chairs London & Partners, the official promotional company for London. The deputy mayor is visiting India on an international trade mission aimed at strengthening tech and trade links between London and India. He revealed that London is home to 39 per cent of the fastest growing Indian companies based in the UK, compared to 25 per cent last year....
FUNDING

Sequoia raised Largest VC Fund Approx $920 Million to Invest in Indian Startups

Sequoia Capital, Silicon Valley's top-tier VC fund closed fresh $920 million fund. Funds will largely invests in Indian startups. The fresh funds takes Sequoia's total investment assets to more than $3 billion in India. This is the biggest raise by any VC fund for India-specific investments, cementing Sequoia's leadership position in the domestic early-to-growth stage investing space. TOI had reported on September 8 last year about Sequoia Capital, a backer of companies like Just Dial, Freecharge, Zomato, Oyo Rooms, among others, being on the road to raise its fifth India fund. At the time, Sequoia was looking to shore up $800 million. Sequoia, which had backed tech giants like Google and Apple in their very early stages, will see the new fund invest in Indian and south-east Asian...
Startup India, Standup India- What India can learn from Israel
BLOGS

Startup India, Standup India- What India can learn from Israel

If Prime Minister Narendra Modi's Independence Day dream of India succeeding as 'startup' country has to kick start, there is a lot to learn from the original 'startup nation' Israel. The tiny country of Israel mushrooms almost two new startup companies every day and today houses some 5000 startups. New Delhi of course is just starting up! On being asked if Modi's call for a 'startup India' can succeed, Israel Prime Minister Benjamin Netanyahu said "As far as the 'startup nation' I think this has a lot to do with entrepreneurial spirit. I have noticed that in Silicon Valley (USA), you hear Indian dialects and you hear Hebrew, sometimes you hear some English, which means there is a lot (happening). There is a lot of spirit for enterprise in both our countries." He also added that he e...