SoftBank Fund to Invest $2 Billion in Flipkart


Technology investor Softbank Vision Fund founded by Masayoshi Son, is in talks to invest directly in India’s Flipkart Online Services Pvt, according to people familiar with the matter, after talks to fold SoftBank-backed Snapdeal into Flipkart fell apart.

Bloomberg reported earlier on Tuesday that the fund could invest up to $2 billion in Flipkart. Softbank is looking at putting between $1.5 billion and $2 billion into the largest Indian e-commerce operator within the next two months. About half the money would go to Tiger Global Management, which wants to sell part of its Flipkart stake, while the rest of the funds would go to Flipkart.

SoftBank, already invested in Indian online grocer Grofers and cab hailing firm Ola, tried for months to engineer a share swap transaction between Snapdeal and Flipkart, India's two main homegrown e-commerce companies.

About The Vision Fund
The Vision Fund, created by the tech-to-solar conglomerate, has raised more than $93 billion from investors including Saudi Arabia's main sovereign wealth fund and Apple.

#SoftBank #FlipKart #SnapDeal #VisionFund #Investments 

Fintech startups RealX and REGKO closed it's maiden Real Estate transaction


RealX, a Fintech startup that has built a digital ecommerce marketplace for Real Estate closed its maiden transaction on Monday, 31st July. Apart from allowing people to transact digitally, RealX has brought-in the concept of fractional ownership in Real Estate transactions.

Yashwinder Singh, co-founder of RealX says, “Property buying has always been a very involved, high ticket and cumbersome process. Even after that it is fairly illiquid market. Owing to high ticket sizes, most of us were not able to participate in Real Estate, especially commercial Real Estate. We, at RealX wanted to create an option for people to participate in high value, high yield property transactions at lower ticket sizes and without the usual running around. I’m happy to say that we could build a solution and the first transaction, though small in size, nonetheless demonstrates that capability”.

The unique ecommerce platform allows sellers and agents to post property and all registered buyers can commit their co-ownership share in the respective properties. A transaction is successful if it can generate the total commitments required for full sale, after which the transaction is executed in favor of the co-owners whose collective interest is represented by principal custodian cum administrator.
After the sale deed is registered, it is sent to REGKO for issuance of equitable fractional ownership digital certificates, also called FRAX to respective co-owners. REGKO is another fintech startup that provides Asset Registry solutions based on Distributed Ledger technology, commonly known as Blockchain.

Abhishek Gupta, CEO of REGKO, says, “Our solution was ideally suited for RealX, as we can keep verified records of the fractional ownerships on Blockchain. This technology has inherent benefits of immutability (tamper proof) and verifiability of records. These records are kept distributed across multiple nodes and this ensures the durability and correctness of it. RealX wanted all of these as its registry solution and we are glad to support it”.

Manish Kumar, Group CEO of iVentures and the brain behind both the companies, says “I’m very happy that our hard work of almost one and half years, has finally seen success. Overall what we have been able to create is a deep mix of legal, finance and technology to bring forth to people an ability to participate in properties in a manner that was erstwhile neither accessible nor affordable. This heralds a paradigm change in how we understand property investments and how we buy, sell and hold them. It will open up many new avenues of financial engagements as well. However, these are early days and we have only taken first steps. We will now open up our platform for various players in Real Estate industry to register with us and begin commercial transactions in two to three months.”

#Regko #RealX #RealEstate #Fintech #Startup #India

Should Flipkart have bought Snapdeal?


Firstly, let me start by apologizing for writing a piece on a subject that you’ve probably had enough of. Secondly, we got no gossip for you. Sorry. We know nothing about board room battles, founders fighting, investors colluding or anything else you may have heard.
But we thought it would be good to bring some data to the conversation and present to you a glimpse of the e-commerce world as it appears to us.
Let’s start with a look at the reach by app installs of various e-commerce apps in the country over the last 12 months:
Since earlier this year, Snapdeal has witnessed a secular fall in reach – implying that customers are either leaving the app or not downloading it. I’m not sure if this is a result of falling ad spends or indicative of lower customer confidence but in January 2017 something changed and its impact is plain to see.
How does this affect market share by App installs? The 2 charts below provide some insight.
Snapdeal wasn’t the only company to reduce its App Footprint over the last one year. Almost all e-commerce platforms barring Amazon witnessed negative growth in reach and by association market share by app installs.
In e-commerce and other transaction driven businesses, however, reach and market share by app downloads are what you might call ‘leading indicators’ or ‘a measurable factor that changes before the economy starts to follow a particular pattern or trend’ (to paraphrase from Google).
The real reflection of market share is given by transactions. These account for both desktop and mobile (web & app) purchases.
The info graphic below gives a 3 month rolling average of market share by transaction volumes across the major e commerce companies in India.
Snapdeal has lost more than half of its market share between July – 16 and May – 17. Presumably, this is a trend that will continue unabated if no one throws the reverse gear (which we hear is going to happen now with Snap Deal 2.0).
As Snapdeal plans to pursue an ‘independent path’ – the question is have they gone too far down this one to turn back? Most importantly, have board members come to the conclusion that this is not a time for pay outs but patience? If so how what will it take to reverse the trend? Certainly, a great deal of money of the very least.
For Flipkart was there a downside to seeing the deal fall apart? There is certainly value in the back end infrastructure (warehousing & logistics) and customer data that Snapdeal has but in an environment of falling customer retention and reducing transactions would it really have been worth it?  Many would say that paying $900 million for ~ 5% market share isn’t a bad deal if you have a long term vision.  But I Suspect there will be other buying opportunities in the future with less baggage. The market share gains Flipkart would have made from this transaction have reduced for every month that the deal has been in negotiation. At this point, Flipkart can afford to let this transaction slide or not do it at all since any delay will only work to their advantage and reduce the value of residual assets.

10 Mistakes Entrepreneurs Make With Venture Capital Investors


Seeking money for a start-up from friends, family, angel investors, venture capitalists or lenders is an exercise fraught with pitfalls. Many first-time entrepreneurs approach it with great optimism and belief in their business idea, only to fall flat on their face.

Reasons vary, but often it’s just that the entrepreneur hasn’t taken the time to study up on how to approach investors, including what to do and what not to do. The Young Entrepreneurs Council (YEC) – an invitation-only group of top young entrepreneurs – recently asked some of its most successful members to name the dumbest mistake they could think of that entrepreneurs should avoid when pitching investors.

Here’s our take on the top 10 mistakes they came up with (in no particular order):

1)    Making it all about the money: “When pitching an investor, you’re not just pitching your great idea. A relationship with an investor goes beyond the ROI and it’s important to focus on selling yourself as well as your business plan,” says Raul Pla, Founder & CEO of SimpleWifi.

2)    Being unprepared: This is an unforgivable sin. The entrepreneur, of all people, must have the details completely buttoned down. “Even if you get an investor interested, nothing will bring the conversation to a screeching halt quite like not knowing how much you want to raise and what you’ll do with it,” says Jason Evanish, co-Founder of Greenhorn Connect. You must show you can lead a business.

3)    Asking for an NDA (non-disclosure agreement): Only a rank amateur would do this. “Chances are, you’ll be laughed out of the meeting room if you ask investors to sign an NDA,” says Michael Tolkin, CEO of Merchant Exchange. “Ideas are cheap.”

4)    Being overly pushy: Investors accepted the meeting because they saw something in you or your business. But if you push too hard, most investors will shut down. “Be cool and confident, but not like a used car salesman,” says Ashley Bodi, co-Founder of Business Beware.

5)    Meeting your best prospects first: Keep this in mind, says Christopher Kelly, co-Founder of Convene: “Your pitch only gets better with time. You will achieve the best odds by saving the best for last.” Make a note of recurring questions and concerns after each pitch and revise your materials accordingly.

6)    Promising too much: “Go in with what you know, not what you think you can do. Investors will lose faith in you – that is, if they don’t see through you immediately,” says Jordan Guernsey, CEO of Molding Box.

7)    Rushing the pitch: “As nervous as you might be, try to calm down and speak from the heart,” says Logan Lenz, Founder of Endagon. “Speaking more slowly not only allows listeners to register what you’re saying, it also makes you sound more confident and knowledgeable.”

8)    Failing to leave time for Q&A: This is the flip side to #7 above.  You can’t take too much time and not allow questions at the end. “No matter how organized a pitch is, it will fail to answer questions your audience has,” says John Harthorne, Founder & CEO of MassChallenge.

9)    Making all projections and no plans: “Don’t put a hockey-stick graph in the middle of the presentation and expect everyone in the room to swoon,” warns Brent Beshore, CEO of Adventur.es. “Projections are guesses that rarely come true. What’s more impressive is your plan to get there. Investors know a strategy means a lot more than pretty pictures.”

10) Coming off as desperate: “People like to invest in and be connected to winning projects,” says Raoul David, CEO of Ascendant Group. If you come across as if this investment is the only way your business can move forward, it seems too needy and will turn off many investors. This also sets you up to be taken advantage of. “You’ll end up giving away more equity than you should.”


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AI Startups That Have Attracted Tech Giants


Dozens of startups focused on AI solutions have been bagged by Apple, Google, Microsoft, Facebook, and Amazon among other companies in the past years. We've a run-down on all the popular AI-focused companies that have been acquired by the giant. As you will notice in the list, these acquisitions only go far as back as five-six years, reaffirming how nascent this space is.

Halli Labs
Google took many by surprise this week when the news got out that it has acquired the Bengaluru-based AI startup. Much about the four-month old startup remains unknown, but we know that some of its founding members came from marketplace Stayzilla. Halli Labs is joining Google’s Next Billion team, which aims to solve the last mile problem by serving people from emerging markets.

Tuplejump
Apple confirmed last year that it had acquired the small Indian machine learning company. Back in the day, Tuplejump offered software services to store, process, and visualise data.

Kitt.ai
China’s conglomerate Baidu acquired Kitt.ai, a startup based out of Seattle that works on chatbots and voice-based applications across several platforms.

Lattice Data
Apple acquired Lattice Data, a startup that uses AI to mine "dark data" — the kind of data that is collected by not used normally for broader purposes earlier this year.

MindMeld
Cisco purchased MindMeld, an AI startup that creates "conversational interfaces" through bots and voice-powered assistants. At the time of the acquisition, MindMeld’s API was being used by over 1,200 companies including Samsung, Google, Intel, and Spotify.

Sonalytic
In March this year, Spotify said it was acquiring Sonalytic, a startup that uses machine learning to offer improved music recommendation.

RealFace
Earlier this year, Apple acquired Israel-based startup RealFace, which developers deep-learning based face authentication technology. Before the acquisition, RealFace was betting big on making passwords redundant.

RavenTech
The Chinese startup that is working on similar capabilities as Amazon’s Alexa was acquired by Baidu earlier this year. The company also has an AI-based app called Flow.

Kaggle
Google acquired the online service Kaggle earlier this year. The company hosted data science and machine learning competitions prior to its acquisition.

Maluuba
Microsoft kickstarted the year by announcing it is buying deep-learning startup Maluuba. The Montreal-based company, Microsoft said, offers "one of the world’s most impressive deep learning research labs for natural language understanding." Before the startup was acquired, it was working on making advancements toward a more general AI by creating "literate machines that can think, reason and communicate like humans — a vision exactly in line with ours."

Harvest.ai
Amazon quietly acquired the San Diego-based startup earlier this year. The startup uses machine learning to analyse user behavior around a company’s key intellectual property.

Geometric Intelligence
Uber acquired the New York City-based company late last year, as it worked on expanding its AI efforts. Geometric Intelligence was said to work on solutions that could accurately estimate rider locations and travel times, and also help Uber in its self-driving project.

Masquerade Technologies
Facebook acquired Masquerade Technologies after the startup’s app that offered Snapchat-like selfie filters gained popularity among young customers.


What is AI, anyway?
Back in 1956, scholars gathered at Dartmouth College to begin considering how to build computers that could improve themselves and take on problems that only humans could handle . That's still a workable definition of artificial intelligence.

An initial burst of enthusiasm at the time, however, devolved into an "AI winter" lasting many decades as early efforts largely failed to create machines that could think and learn - or even listen, see or speak.

That started changing five years ago. In 2012, a team led by Geoffrey Hinton at the University of Toronto proved that a system using a brain-like neural network could "learn" to recognize images. That same year, a team at Google led by Andrew Ng taught a computer system to recognise cats in YouTube videos - without ever being taught what a cat was.

Since then, computers have made enormous strides in vision, speech and complex game analysis. One AI system recently beat the world's top player of the ancient board game Go.


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WHY AXIS BANK BOUGHT FREECHARGE ?


Axis Bank Ltd -India's third largest private sector lender is nearing a deal to buy digital payments platform Freecharge for Rs350-400 crore in cash. Axis Bank and Freecharge are likely to announce the deal this week.

Snapdeal bought Freecharge for $400 million in April 2015 what was then the largest start-up deal in India. The current transaction will offer significant legroom to the Snapdeal management which has struggled to raise funds for over a year.

DEAL SIZE
Rs.350-400 crore in cash

WHY AXIS BANK BOUGHT FREECHARGE ?
By buying Freecharge, Axis Bank will get a popular digital payments brand as well as access to high-quality technology that traditional companies typically struggle to build compared with internet start-ups.

WHAT STRATEGIC REASON MADE AXIS BANK TO BUY FREECHARGE?
Digital payments in India are surging. Government policies are driving a less-cash economy

FREECHARGE TIMELINE
SEP 2013: Raised $33 Million
FEB 2015: Raised $80 Million
APRIL 2015:  Sold to SNAPDEAL
JULY 2017 : SNAPDEAL sells to AXIS Bank

BIG TAKEWAY FROM FREECHARGE STORY 
The big takeaway from the Snapdeal-Freecharge situation is the fact that the consumer internet market is growing very slowly. This is not China. Just because everyone has internet access does not mean the internet economy is growing,” said Rutvik Doshi

20 Business Ideas for HOME MAKERS


The IDEAS presented here may be doable or not , may or may not be great, however these might ignite new IDEAS in you. Stay-home-parents start thinking and make a difference in your life.

IDEA#1 COLLEGE APPLICATION/FINANCIAL AID PLANNING CONSULTING

IDEA#2 SALE OF PRE-OWNED CLOTHES

IDEA#3 FREELANCE WRITING

IDEA#4 GARDENING BUSINESS

IDEA#5 GRAPHIC DESIGN

IDEA#6 LEGAL GRANT WRITING

Google CEO Sundar appointed to Alphabet’s board of directors


Sundar Pichai, CEO of Google since 2015, is now also a board member of its parent company Alphabet Inc., according to a press release by the company.

“Sundar has been doing a great job as Google’s CEO, driving strong growth, partnerships, and tremendous product innovation. I really enjoy working with him and I’m excited that he is joining the Alphabet board,” said Larry Page, CEO of Alphabet

Google is Alphabet’s most profitable subdivision and is responsible for roughly 90 percent of the tech giant’s overall revenue. Pichai was made CEO of Google in August 2015 when the company reorganised, in that role, he oversees several of Google’s most profitable divisions including search, maps, Android, and YouTube, while also leading the company’s latest ‘AI-first’ push.

GrabOnRent Rental marketplace raises Series A round


GrabOnRent Internet Pvt. Ltd, which runs product rental marketplace GrabOnRent, is close to raising $3 million (Rs 19.5 crore) in Series A funding from new and existing investors, two persons familiar with the matter said.
Existing investors IvyCap Ventures and Unicorn India Ventures will also participate in the round, the people cited above added.
However, GrabOnRent’s co-founder Shubham Jain told that the startup was aiming to raise $5 million (Rs 32.5 crore) if talks with new investors turn fruitful, and it will close the round by June 2017. He added that the startup will use the funds to expand the business to other cities, including Mumbai, Delhi-NCR, Pune and Chennai. GrabOnRent currently operates in Bangalore and Hyderabad.
In June last year, GrabOnRent had raised a pre-Series A funding round led by IvyCap Ventures and Unicorn India Ventures.
GrabOnRent, which was launched in September 2015, connects rental suppliers across categories like furniture, appliances, cameras and so on with customers.
In February, a report by the Press Trust of India stated that GrabOnRent planned to raise $5 million in Series A funding.
IvyCap Ventures Advisors Pvt Ltd is an early-to-growth-stage venture capital firm which backs startups floated by alumni of top engineering and management institutions such as IITs and IIMs in the country.
In January this year, Mumbai-based RML AgTech Pvt. Ltd, which provides support services to farmers via mobile phones, had raised $4 million (Rs 27.2 crore) from existing investor IvyCap Ventures.
In March 2016, FTCash, a mobile payments platform for micro merchants in India, had raised $150,000 (around Rs 1 crore) in pre-Series A funding from the VC firm through the IvyCamp platform.
IvyCap Ventures has also backed firms such as Aujas Networks, FieldEz Solutions, Vinculum, E-Shakti, Leixir Labs, Purplle.com, Sokrati, Bluestone and Clovia, among others.
Unicorn India Ventures was founded by Anil Joshi and Bhaskar Majumdar in 2015. Prior to launching this fund, Joshi was heading operations at Mumbai Angels and Bangalore Angels. He has also held several portfolios at companies including Century Rayon, BK Birla Group Company and Transasia Biomedical Ltd and headed new projects and investments in startups with telecom, IT and energy-focused Artheon Group.
In July last year, Bengaluru-based Edunetwork Pvt. Ltd, which operates home appliances and furniture rental marketplace RentoMojo, had raised about Rs 33.5 crore ($5 million) from existing investors including Accel Partners and IDG Ventures India.

What Keeps the Start-Up Generation Going ?

What Keeps the Start-Up Generation Going ?


Luck or Hardwork
"Luck...well, ummm, luck yes, to a certain extent, maybe about timing the product right, but my success is what I've made of myself. It is my hard work, ideas and team that has delivered, not really a Lady called Luck."

They sit opposite me, in their early to mid 20s, buzzing with ideas and an enthusiasm that was not the norm of my generation - founders and creators of new products and ideas, often fresh and bold, and almost always making me sit up and say "Now why didn't I think of it?" No longer are they coy about taking credit or embarrassed by the spotlight. This is their moment in the sun, and they are going to stand up for the applause and savour the appreciation. Ladies and gentlemen, the Start-Up Generation is here.

Young Minds
Sample this - Samay Kohli, 28 and Akash Gupta, 25, knew 5 years ago that when e-commerce took off, huge warehouses would eventually need to lean on machines to find products and ship them out. So even before they left the BITS Pilani campus, they knew they were going to revolutionize warehouse tech. Today, they rule the market, with a 95% market share. "Do you know," they tell me, eyes shining, "the average warehouse worker walked 13 kms per day searching for products, and we knew that was an issue. So we turned the problem on its head. We decided the rack had to come to people and not the other way around." Yup, I nod, after all, all it takes is one person or make that two, to find a simple solution to a complex problem.

Millenneials Lead Startup pack
And perhaps why 70% of start-ups are founded by people under 30 years of age is because resolving these issues needs a young, fresh approach - one which isn't burdened by history and doers who won't take no for an answer. Shashank ND started Practo on the NIT campus in Karnataka in 2008. Today it is the world's largest doctor-finding platform, valued at over 3,300 crores. "My dad was unwell and I realized what a nightmare getting a second opinion was, and that's when it struck me I had to simplify this." And there, at that moment, a pair of 20 -year-olds started a new chapter in healthcare tech in India. "If two college boys can do it," he tells me matter of factly, "There is hope." And plenty of it, I agree.

New Ideas-New Risks
Having said that, every few weeks, someone will say start-ups are losing their lustre, others will have surveys to back them. Are they, I ask this new breed of entrepreneurs? 9 times out of 10, "Who cares?" is the answer I get. "I am doing what I love and there's no time to focus on who's saying what." But what if you stumble, lose big money, have to fire people, what about the dreaded F word - Failure? They shrug, give me half a smile and surprise me yet again. Many have been there, done that. Burnt their fingers, fallen on their faces and got up again. Risk isn't a scary word here. In fact I can't even say with certainty that it's a word familiar to them in the first place. Many of them have mottos that define them and almost all are along these lines - Grow Fast or Die Trying. Failing is not an option, and that's what they claim they've convinced themselves. "We aren't selling a dream, we are selling a solution. We are solving a problem that you don't even know exists, to help you overcome it when it hits you." I am reminded of what a school teacher of mine would quote extensively: "If Plan A doesn't work, there are 25 more letters waiting."

Inspiring & Informal Offices
Many offices in fact have everyone from John Lennon to Jack Ma and Steve Jobs posters on their walls - offering tips, their mantras or just ''hanging out''! But does this really help, is there more to this than just creating a ''cool space''? You don't call it an office, mind you. That, I am told, makes a distinction between home and work. "What we create is our life, there's nothing else going on when we are starting out, there's no time to have another focus."

Not surprising then that during shoots, we stumble on mattresses where people have spent the last couple of nights (sometimes more), or find ourselves grinning widely at the sight of a pub in the same building where some start-ups encourage their staff to chill and unwind. Uber cool we all agree instantly! Foosball and snooker tables are the norm, and dance and yoga classes, often over the weekend, are gaining popularity rapidly.

Mecca of Startups in India
But is it all style alone? The dot.com bubble was also hailed as the next big thing, but we know how that went. Start-ups are in vogue today, banner headline material, but will the buzz last? Pertinent questions which keep coming up each time a Forbes list on top entrepreneurial cities globally has an Indian presence (usually Bangalore, the Mecca of start-ups in India), or a big bang valuation of a top start-up puts its worth at billions of dollars. What about the ease of doing business, or the lack of it, the folks leaving to set up offices in ''friendlier'' countries like Singapore or Malaysia? Are we getting ahead of ourselves when we hail Bangalore as the next Bay Area?

Who's to say if these folks buzzing with ideas and enthusiasm, not to mention determination, will script a new chapter for all of us? Will they be game-changers or just footnotes? Either way, we will know eventually, and I for one will always be glad for their excitement and innovation.

Wish now more than ever that I had a glass ball, and wouldn't it make a great start-up opportunity too! But alas, more proof I wasn't born to be an entrepreneur.

Article By 
Natasha Jog -Senior Editor and Senior Anchor with NDTV
First Published on NDTV

20 STARTUPS THAT MADE IT TO AXILOR ACCELERATOR 2017 BATCH

AXILOR

Axilor Ventures announced the list of 20 startups that made it to its Summer'17 accelerator batch. This is its fifth batch and is the largest accelerator cohort in India. 

Talking of the new accelerator cohort, Ganapathy Venugopal, Co-founder and CEO of Axilor said, “The institutional capacity to support early stage startups in India is quite low - whether it is the structured programs to systematically improve the odds of success of startups, the market access that they need in their early days or the angel investment capacity. This has been Axilor's mission and by doubling the capacity of this batch to 20 startups we have taken one more step to bridge these gaps. We are very excited to work with the new cohort.”

The cohort of 20 startups and 52 founders makes for interesting statistics. They belong to five sectors – consumer internet (4), enterprise (6), AI (4), healthcare (3) and fin-tech (3). 80% of them are product companies – 10 serving enterprises, 6 consumers and 4 serving healthcare providers. All but 2 have already launched and 10 of them are post revenues. The founders have diverse experience – 9 of the 52 founders are less than a year out of college (some graduating next month) to very experienced folks starting up first time. While the median years of experience is 6 years, 2 years on an average has been spent working on a problem similar to their startup idea. Interestingly, 15 out of the 20 startups are from outside of, signifying the depth of startup talent in cities like Delhi, Mumbai and Chennai.

Welcoming the startups into the batch, Asutosh Upadhyay, Head of Programs at Axilor, said “The demand for our program has been overwhelming and validates the need for such programs among founders. Unlike the previous batches, most of the startups are post launch and some of them post-revenues. Our 100-day program is designed to help them make rapid progress, gain business traction and get funded. Axilor’s market network provides early access to customers and partners. They get to work with resident advisors on the riskiest parts of their business and finally get funded.” Axilor’s growing community of 100+ founders is another big draw. Being part of this community allows them to learn from other experienced founders, tap into each other’s networks and seek help.

Meet Axilor’s Summer ’17 Accelerator Cohort


Sector
Name of startup
About the startup
AI/ ML
Detect
Detect is a Drone data-as-a-service company focused on helping manufacturing industries ensure asset integrity and proactive monitoring leading to enormous cost reduction. Detect’s solution is currently in use in some of India’s largest oil & gas companies.
Niramai
95% of breast cancers are curable if detected early. Yet 76,000 women die in India alone and more than 700,000 globally, every year. Niramai is working on a non-invasive, radiation-free, painless and low cost cancer screening solution.
Orbuculum
Genomic data holds the key to predicting health. Orbuculum uses AI on genome data to predict diseases such as cancer, diabetes and other chronic diseases. Orbuculum's AI tool will help doctors diagnose chronic diseases early thus reducing cost and improving effectiveness.
Transporter.city

Last mile logistics is big with an estimated 2 billion+ annual deliveries by 2020 in India alone. But they are also expensive, manual and error-prone escalating costs and compromising customer experience. Transporter.city's SaaS product automates the entire last mile logistics planning and helps increase the same day delivery output to 95% with 25% lesser delivery fleet and 40% cost savings.
Enterprise
Adya Inc
All enterprises are prone to Cybersecurity threats - not just the ones who can afford an expensive on-premise security product. Adya's network and endpoint cybersecurity SaaS product helps enterprises protect themselves from employee theft and ransomware - a problem affecting more than 70% of enterprises, globally.
CoPro
Events and business conferences are ubiquitous. But there is no tool that can assess audience engagement and generate actionable insights and analytics for the organizers. Crowd Product (CoPro) is pioneering the way audiences engage during events. Already used in leading startup events including Nasscom Product Conclave 2016, TiE Product Showcases and many more VC events.
Extraaedge
Student acquisition for educational institutes is highly expensive, conventional and inefficient. Extraaedge is a "Salesforce+Hubspot" for educational enterprises that generates a 3X RoI on their marketing and sales spend.
Gig Production
Event organisers want large audiences but struggle to manage pre-event and post-event audience engagement. Used by the likes of DJ Snake and Sunburn, Gig's automated communication tool bridges this gap and connects concert organisers to their audience, right on Facebook messenger.
Maroon
Maroon is a predictive analytics platform that enables enterprise sales teams achieve upto 44% higher conversions on their marketing and sales leads.
Rucept
Rucept is a powerful merchandising platform for high traffic content creators globally. It helps them monetize their art and engagement through products without investing in sampling, manufacturing stocking and distribution.
Fintect
Healthfin
Healthfin makes healthcare procedures affordable for consumers. Especially with low penetration of medical insurance, Healthfin helps patients secure credit support for expensive medical procedures. With an inventory of >4000 hospitals and 9500 diagnostic centres, HealthFin helps patients discover the best hospitals and secure funding.
Legal Docs
Executing legal documents, especially for consumer needs (like rental agreements, PoA registrations etc) is time consuming, expensive and is dependent on multiple parties. Legaldocs is the fastest growing, Do-It-Yourself portal that enables the entire legal process - documenting, verification, validation and online registration. Currently a partner to Govt of Maharashtra on the e-governance project, it also enables Aadhar based verification for Legal doc preparation.
TaxGenie
GST is coming! It brings with it a new multi-billion software market for GST compliance. Taxgenie is a platform that will help the 30million MSMEs be GST compliant and manage their businesses with just a smart phone and spreadsheets.
Consumer Internet
Castiko
Entertainment in India is big and one of the top 5 markets globally. But casting, a critical aspect impacting the quality of production, is archaic, manual and time consuming. Castiko revolutionises how casting directors discover, audition and cast actors by bringing the entire cast recruitment workflow online.
Knudge.me
With around 50 lakhs bite-sized lessons consumed and more than 4 lakh games played, Knudge.me has established itself as on-the-go learning platform for folks looking to improve their English skills
Multibashi
With an average session length of more than 9 mins on the app, Multibhashi makes the experience of acquiring a new language highly realistic with audios recorded by native speakers and simulation of real life situations.
YourQuote
YourQuote's mission is to make everyone quotable - by helping people capture their thoughts on mobile and broadcast their words as 'google-able' quotes. Currently gaining rapid traction with over 40k organic downloads and 6k+ DAUs.
Healthtech
PocketPill
With 300k downloads and >80k MAUs, PocketPill has established the use case for solving $300 billion problem of medication non-adherence in chronic patients by bringing affordable medicine to everyone, saving costs and improving health outcomes.
Talkadoc
Chronic disease management is protocol-driven, time consuming and requires frequent doctor visits. In cases like mental health, with the doctor-patient ratio of 1:1100, there aren't enough doctors. Talkadoc's product allows doctors to increase the acceptance of new cases by at least 25%. This is achieved by helping them automate the entire patient management process. Currently focused on mental health, it is already being used by over 30 doctors and 20k patients and caregivers.
Treatgo
Healthcare is expensive all over the world. More than 7m people travel to other countries every year in search of cheaper and more effective treatments - 300k travel to India alone. Treatgo is an online platform to help international patients and referring doctors compare, choose and reserve medical treatments.

How can late entrants win in the innovation race?

Innovation Pics


It is very intriguing to find that late entrants have their own strategies to win in the innovation race. Strategic planning involves improving operational efficiency and scouting for opportunities to build new markets and grow domestic markets.

It is a known fact that an organization that is first to hit the market with an innovative product or service has a better advantage over late entrants. However, later entrants can succeed in the innovation race.

So, what can late entrants do?
  • Adopt distinctive positioning and marketing strategies.
  • Take advantage of the complacency of the pioneers
  • Attempt to leverage the inability of pioneers to cater to growing or shifting demands of the  market place
  • Explore innovative ways to market their product or service
  • Have a thorough understanding of entry and defensive strategies
  • Have a good sense of timing
  • Understand the weaknesses of competitors better than the latter
  • Other strategic measures adopted by late entrants
  • Use market penetration pricing if cost of production is lower
  • Focus on niche market
  • Use incremental innovation to improve on existing products
  • Target new geographies to market existing products
  • Develop new channels of distribution to access new markets
The fact is that late entrants can be agile when it comes to adapting to the innovations pioneered by the first movers. If late entrants have a good R&D capability then they can design new features. Late entrants have to be agile in manufacturing, design and development and marketing to respond quickly to first movers. Having a dedicated R&D center helps because then it becomes easy to assimilate new knowledge and absorb it as soon as possible.


About the AuthorVenkatesh Ganapathi@VGanapathi
Venkatesh Ganapathi is a Guest writer for Startuptimes.in . Varun is an Assoc. Professor at Presidency Business School and is an author of books – “Introduction to Green Supply Chain Management” and “Managing Successful Innovations” (Book Boon Publishing).

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10 Rules for a Great Startup Idea


Ideas are a commodity. Everyone has got one. Some ideas end up as great products or services while others failed or never saw the light of day. The secret to building a successful company lies in the execution of an idea but that doesn’t mean any idea well executed will fly. Sometimes, even well executed ideas turns out to be a complete waste of resources, with time being the most important part of that loss and cannot be regained. There are certain items you need to run your ideas through to evaluate its viability before execution and this infographic, designed by Andrew Chen on Visualy, highlights 10 important items to use in identifying a great idea




Tags: startup Infographics, Idea Infographics, 


What's A Perfect Core Team for Tech Startup ?


This is the most important thing in a startup. Most people think its funding, sector, sentiment, design, marketing etc but these are the subsets of a Strong Core Team.

Why am i stressing so much about the Team, everything in the company is connected to Team, be it investment, product, revenue, etc even the employees look up to the team. For e.g. just think if you get an opportunity to work with the superstar Elon Musk, will you still ask "what`s the package" . Yeah, even i will say "Yes" without being concerned about the money involved. Inference: good employees also look at the founders as they also want grow in personality and knowledge instead of just money.

What make a team great?

Best friends with complementary profiles make a very good team. No two people should have the same skill-set, its good that everyone knows coding, but one should be the CTO of the company and will be responsible for the all the important tech decisions.

The CTO: A person who is deep into Coding, need not to be much experienced but the ability and willingness to learn new technologies like firebase, orchestrate.io, Heroku, Node.js, Angular.js etc which make development and deployment of the app in a matter of weeks is really important.

The Business Guy: This guy is the one who will go out their and make sure you get business anyhow, even if he gives an unrealistic deadline to the client and the team shouts at him for doing so and gets back to work and meets the deadline.

The CEO:  This is the most shorted guy in the company and deals with all the important issues like fund-raising, hiring, product, expansion etc. He needs to have a very cool head over his shoulders because he will responsible with all the important decision making of the company. A person who can sell his dream in split seconds, preferable a marketing person is the perfect CEO, but there is no hard and fast rule for that. Pitching is another important responsibility of the CEO, so the CEO needs to convincing enough. The Investor will invest or not in the company will be decided in a fration of a second, its quite similar how tinder works.

Although this is the best possible scenario, but it is really tough to build a team like this in reality. Lot of issues like Team Structure, ideation, motivation, cordination, family pressure, difference in expectations etc all these things will one time or the another will come to haunt the solidarity of the Team. Best friends tend to manage all this quite easily, so try to bring onboard best friends for longevity of the venture

I have worked in 5 startups till now on full-time and part-time basis and what i observed was that Team was the most important thing that differentiates a normal startup and probable unicorn. Do share your thoughts on this, would like to hear your thoughts on this topic


About the AuthorAmanjot Malhotra@amalhotra
Amanjot Malhotra is a startup entrepreneur and is the Founder at Partiko. He likes putting growth hackers at key points for viral growth

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5 varieties of Startups

startup types


Connecting to the startup ecosystem day in, day out has been an amazing experience so far. Learning new things, great ideas and to be surrounded by the brightest minds is always wonderful. Discussing new business opportunities, new plans everyday, interacting with people with great vision provides me with the energy to keep going. This is something an individual with a 9-5 stream would be void of.

Having said all this, I can majorly categorize 5 varieties of startups:

“Lifestyle, small business, scalable, salable, social “

Lifestyle Startups: Work to Live Their Passion: On the Tarkarli beach in Konkan, one of my friend is a startup. They can be called lifestyle entrepreneurs: like Scuba Divers, teaching diving lessons to pay the bills so they can Scuba Dive some more. Lifestyle entrepreneurs live the life they love, work for no one but themselves and pursue their personal passion.

Small-Business Startups: Work to Feed the Family: The overwhelming number of entrepreneurs and startups in the India today are still small businesses. This category consists of grocery stores, hairdressers, consultants, travel agents, Internet commerce storefronts, carpenters, plumbers, electricians, etc. They are anyone who runs his or her own business. Most small businesses are not designed for scale — the owners want to own their business and feed the family.

Scalable Startups: Born to Be Big: Scalable startups are what Silicon Valley entrepreneurs and their venture investors aspire to build. Google, Skype, Facebook and Twitter are just the latest examples. From day one, the founders believe that their vision can change the world. Unlike small-business entrepreneurs, their interest is not in earning a living but rather in creating equity in a company that eventually will become publicly traded or acquired, generating a multi-million-dollar payoff.

Salable Startups: Acquisition Targets: Many of these startups bypass traditional VCs by using crowd or angel funding. This class of startup is likely to be sold to a larger company for $5 million to $50 million. The founders and investors walk away with millions but not billions.

Social Startups: Driven to Make a Difference: Social entrepreneurs are no less ambitious, passionate or driven to make an impact than any other type of founder. But unlike scalable startups, their goal is to make the world a better place, not to take market share or to create to wealth for the founders. They may be organized as a nonprofit, for-profit or hybrid.

Each of these five very different startup types has different financial goals, requires different teams and uses different financing strategies.

 Yet what they all have in common – every one of them – is that in the last few years we’ve come to see that we had been building startups inefficiently.

 Investors treated startups as smaller versions of large companies. We now understand that’s just not true. While large companies execute known business models, startups are temporary organizations designed to search for a scalable and repeatable business model.

Looking at the current scenario, there is a need to change the way we look upon entrepreneurship, incubate startups and fund them.

About the AuthorAlok Tamhankar@talok
Alok Tamhankar is the founder of Think Startup, he is an enabler, entrepreneur and a speaker.

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