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My Sales Experiences- From Class 11th (Fund My Education) To Running a Startup

16Jun By No Comments

BLOGS

My Sales Experiences- From Class 11th (Fund My Education) To Running a Startup

It was the September of 2014. Indian entrepreneurs were making headlines. Funding, valuation, and bootstrapping were among the most common words in the newspapers. India was becoming hottest destination for venture capital. I was already selling Indian dresses to NRIs through Instagram to fund my college education. The headlines gave a spark to my desire to become an entrepreneur. I began searching entrepreneurs group on Facebook and Google and came across a meetup group 'Entrepreneur's Walk run by Piyush, an IIT Kanpur alumni. I kept attending the meetups regularly, got to know Piyush better and realized he was looking for a co-founder as well. We went on to co-host 18 more meetups together, met a lot of founders (Deepak of Shifu, Blaze of Stayuncle, Umang of Bonita India, Ashim of ...

Majority of Employees Prefer to Work From Home: Survey

10Jun By Press Trust of IndiaNo Comments

ANALYSIS

Majority of Employees Prefer to Work From Home: Survey

New Delhi: A substantial number of employees are interested in working from home with the preference more prevalent among those aged above 45 years, says a survey. HR services provider Randstad today said that almost equal number of men and women opined that they would like telecommuting. "53 per cent of the respondents from India said they prefer telecommuting, while 47 per cent prefer to work from the office every day," it said citing the results of a survey on workplace flexibility. The findings are based on a survey of around 7,500 employees from India. "Almost equivalent number of male (52 per cent) and female (54 per cent) respondents mentioned that they would prefer telecommuting and this preference was high among those aged 45 years and above," it noted. As much as 58 ...

10Jun By NitishNo Comments

FUNDING

TVS Automobile Invests in 3 Startups

TVS Automobile Solutions, a part of the Chennai-based TVS Group, today said it has made substantial investments in three startups as part of its digital initiatives to provide business solutions to vehicle and component manufacturers. The company, which has so far invested Rs 75 crore in various technology startups expects the new businesses to generate revenues to the tune of Rs 250 crore in the next three years. TVS Automobile Solutions (TVS ASL) said it has made investments in JAZZMYRIDE.com, an e-commerce player in auto aftermarket dealing with parts and accessories for passenger vehicles, two wheelers and commercial vehicles. It has also invested in AUTOSENSE, a technology and analytics based customer management services and REDSUN, a startup in Internet of Things space worki...

T-Hub Tie-up With Israel’s StarTau For Agritech Startups

8Jun By AnkitaNo Comments

News

T-Hub Tie-up With Israel’s StarTau For Agritech Startups

T-Hub, a technological incubator started by the Telangana government, today said it has signed an MoU with Tel Aviv University's entrepreneurship centre StarTau for launching an accelerator program for agritech startups. According to an official release from T-Hub, an accelerator program will be launched in India and Israel and it will be a part of T-Hubs T-Challenge program charter which will focus on agritech for facilitating the growth of startups in this sector. The program will start in October 2016. "The Israeli innovation corridor for T-Hub is an extremely important one, given the opportunity India has to innovate over the next few years and Israels offering. "T-Hub is paving the way to lead this effort in healthtech, agritech and data sciences through T- Hubs cluster-f...

A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020

7Jun By AnkitaNo Comments

ANALYSIS

A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020

Indian financial technology (fintech) market is expected to double to USD 2.4 billion by 2020, primarily triggered by rising customer experiences, e-commerce and smartphone penetration, according to a report. Emergence of fintech companies in India is a prelude to the transformation in payments, lending as well as personal finance that has attracted significant investor interest, the joint report by KPMG India and Nasscom 10,000 Startups said. "Investor inclination in startup funding is evident in the swelling number of angel deals from 370 in 2014 to 691 in 2015 and investments increasing multi-fold from USD 247 million in 2014 to USD 1.5 billion in 2015," the report said. Global fintech investments rose to USD 19 billion last year with more than USD 8 billion coming from...

Education Start-up Cuemath Raises $4 million

7Jun By AdityaNo Comments

FUNDING

Education Start-up Cuemath Raises $4 million

Cuelearn Pvt Ltd also known as Cuemath runs an Education start-up has raised $4 million from Sequoia venture capital firm and existing investor Unitus Seed Fund. With this round of funding, Cuemath aims to expand to international markets and increase the number of teachers that use its platform from 1,200 to 5,000. The firm declined to say how many students use its platform. “What we are essentially saying is that we don’t require someone to teach actively. Unlike others, in our case, the system is doing the teaching, and not the teacher. Math is the biggest need for children. Fitting many subjects into the same time slot will dilute the learning,” said Manan Khurma, founder of Cuemath. The firm had in August raised an undisclosed amount from Alok Mittal, former managing director of ...

Sequoia Capital Backed Fashion Marketplace Startup Voonik Acquires 3 Startups

6Jun By AnkitaNo Comments

ACQUISITION

Sequoia Capital Backed Fashion Marketplace Startup Voonik Acquires 3 Startups

Voonik, a Sequoia Capital-backed fashion marketplace startup which is focused on curated fashion has acquired three startups to build its premium fashion product Vilara. Voonik is attempting to strengthen its leadership in the unbranded fashion segment largely via acqui-hires or team acquisitions of startups in niche fashion offerings. Bengaluru based Voonik has now acquired five startups in the past six months. It raised $5 million funding from Sequoia Capital and SeedFund last year. It has claimed $100-million run rate and is aiming to grow four-fold in GMV by the end of this fiscal. The three companies are online marketplace for designers and boutiques Zohraa, which has a 12-person team, the eight-person team at online silk store Picksilk.com and the nine person team at Styl, whic...

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

1Jun By NitishNo Comments

INDIA

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

Telangana government today said it may set up an outpost of T-Hub, its technological incubator, in Silicon Valley, United States. According to an official release, state IT Minister K T Rama Rao, who is currently touring the North American country along with some of the senior officials, today addressed a convention of investors and IT professionals. "We are going to set up T-Hub outpost (extension centre) in Silicon Valley. We need support and cooperation from TiE ( a Global net work of entrepreneurs) and investors from Silicon Valley," the minister said. T-Hub is a unique public/private partnership between the Telangana government, three of country's premier academic institutes (IIIT-H, ISB and NALSAR) and key private sector leaders. KTR further said besides IT, India provides ab...

1Jun By AdityaNo Comments

FUNDING

Delhi Based Startup Tpot Raises Seed Funding

New Delhi-based food-tech startup Tpot has raised undisclosed amount in seed funding from Ashish Gupta, Founder & Trustee of Ashoka University and Co-founder of Evalueserve. Using this fund, Tpot plans to expand its presence by taking its outlet count from 20 to over 50 by the end of the year. Also, the fund will be used in channelising the team expansion and on the ideation of introducing innovative products involving tea. “Our team has built a strong foundation in Delhi/NCR region. Having gained a good traction in Chai-Nashta segment of consumers here, we are confident to establish our brand presence in the other markets too,” said Robin Jha, Co-founder, and CEO of Tpot. The company is currently generating revenue of INR 6 crores and is targeting to reach INR 12 crores by the yea...

BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity

1Jun By NitishNo Comments

FUNDING

BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity

BRIDGEi2i Analytics Solutions, a Bangalore based analytics solutions company, announced that it has secured Series A growth capital from Edelweiss Private Equity. The amount has not been disclosed. Edelweiss Private Equity is the private equity and venture capital arm of Edelweiss Financial Services, one of India’s leading diversified financial services conglomerate. With this investment, Edelweiss has acquired a minority stake in the company. Pranav Parikh, Head of Edelweiss Private Equity will be joining the Board of Directors of BRIDGEi2i. Prithvijit Roy, Chief Executive Officer, BRIDGEi2i commented on this development, “This investment will fuel our ability to deliver greater value to customers by enabling us to accelerate the development of our machine learning based business appl...

31May By AdityaNo Comments

FUNDING

Vahanalytics Raises $200000 Seed Funding From Venture Catalysts

Vahanalytics, a tech-driven startup aimed at making Indian roads safer and better has raised USD 200, 000 through Venture Catalysts, India's first Seed Investment and Innovation Platform. The investment was led by prominent VCats angels Vikram Lakhotia and Anirudh Damani. With driverless smart cars increasingly being explored as a viable medium to improve the on-road transportation efficiency by tech giants around the world, the investment into Vahanalytics is aimed at addressing a global problem on a local scale. Speaking on the investment, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said, "Data analytics in transportation using telematics is the need of the hour. The space is extremely exciting and opens the door for almost limitless possibilities for implementation. The...

Indian Chai Stirred Into Silicon Valley Coffee Culture

29May By AnkitaNo Comments

Story

Indian Chai Stirred Into Silicon Valley Coffee Culture

San Francisco (AFP) - In a Silicon Valley culture known for brilliant ideas boiling up in coffee shops, Gaurav Chawla is pouring his heart into chai. Chawla was on a break from his job as an engineering manager at San Francisco-based cloud-computing star Salesforce when he began lamenting how tough it was to find a cup of chai as good as he makes it at home. That frustration, and echoed complaints by other natives of India, where the blend of spiced tea and simmered milk is woven into daily lifestyles, prompted him to start tinkering. "I took a rice cooker apart and reconfigured it to make chai," Chawla told AFP. "It made good chai, and I realized this process could be automated." While his background is in software engineering, Chawla went to work developing a chai machine as simple t...