Hotel chain OYO has raised a total of $800 Mn in its latest financing round led by SoftBank Investment Advisers (SBIA) through SoftBank Vision Fund, with participation from existing investors Lightspeed India Partners, Sequoia Capital, and Greenoaks Capital. Read more to know about the other investors and commitments.
In a bid to strengthen its presence in India after acquiring Indian ecommerce unicorn Flipkart, global retailer Walmart is now reportedly looking to leverage Flipkart platform to cross-sell private brands. Ahead of the yearly festive season sale, Flipkart is increasing its in-house brands/private labels and business for its flagship Big Billion Days (BBD) sale.
United Arab Emirates-based cab hailing firm Careem has announced the acquisition of Hyderabad online minibus shuttle service platform Commut in an undisclosed amount, as the former plans on expanding into mass transport. As part of the acquisition, Careem will take on Commut’s technology, talent and team to roll out its cab service in 100 cities.
Kolkata-based fintech company Kredent InfoEdge has secured $1.1 Mn (INR 8 Cr) in Pre-Series A funding from renowned stock market investor Ramesh Damani and Singapore-based hedge fund manager along with another undisclosed investor. The startup has already received $688.8K (INR 5 Cr) in its kitty, while $413.3K (INR 3 Cr) is still under process.
Following in the footsteps of its parent company Flipkart, Bengaluru-based online fashion retail Myntra has launched a loyalty programme dubbed as Myntra Insider, which is designed to improve engagement with its users to drive stickiness on the platform.
Kanwaljit Singh, the founder of Fireside Ventures, is strong headed, to say the least. Fireside is an early-stage venture capital (VC) firm that focuses on consumer brands. In March, Fireside closed its first fund of $47.1 Mn (INR 340 Cr), of which it has already spent $13.9 Mn (INR 100 Cr) in over 12 deals. Here are excerpts of this week’s Moneyball with Kanwaljit Singh, the founder of Fireside Ventures.
Even as Indian startups are going the IPO way, Vembu loves his freedom and has no plans to take Zoho public. This, despite the fact that in H1 18, India recorded the highest IPO activity in terms of the number of deals across the globe, accounting for 16% of the total issues.
It is to be noted that Walmart is obligated to purchase 6,242,271 shares from Flipkart’s ESOP pool of 11,947,026 shares. The current employees will be allowed to liquidate their employee stock ownership plans (ESOPs) at $126-128 a unit, depending on the charges applicable.
Bengaluru-based Indian regional language social platform ShareChat has raised close to $100 Mn (INR 720 Cr) in a funding round that will boost its valuation to $460 Mn (INR 3,332 Cr). This is a 7x increase to its last valuation when the company raised $18.2 Mn in Series B funding.
Togedr has raised an undisclosed amount of funding from a group of US & UK-based startups. The investment was led by UK-based investor Anil Patel whose expertise lies in cloud architecture and scale, said Togedr CEO and founder Ashish Yadav, in a recent interaction with Inc42.
The government has decided to drop the first draft of ecommerce policy and set up a committee of secretaries to decide on a new set of recommendations. CAIT said that the policy is already delayed for more than three years and if dropped, it will be a blow to the fair trade practices in ecommerce
Bengaluru-based milk and grocery delivery startup DailyNinja has raised an undisclosed amount of funding from Mumbai-based venture capital firm Matrix Partners India. Existing investors including Bengaluru-based Sequoia India and Saama Capital also participated in this funding round.
A state-owned public sector undertaking, Maharashtra State Electricity Distribution Company Limited (MSEDCL) plans to set up 50 new EV charging stations across the state within six months. Here’s a curated rundown of other important and related developments in the India and global EV Ecosystem this week.
Since its inception in 2015, Tesseract has launched three hardware and two software products in the MR, AR, and VR sectors — Methane, Holoboard, and Quark. The founder claims to have seven patents: one US, three international (130 countries), and three India patents. The startup has already introduced Holoboard and Quark in India, and hopes to enter Western markets soon.
New Delhi-based Imagismart Solutions, which runs an educational subscription activity box for children under the brand name Xplorabox, has raised an undisclosed amount in a Seed funding round. Z Nations Lab, Sridham Enterprises, and US-based investment fund Metaform Ventures.
Media reports have surfaced that Flipkart has held talks to buy a stake in Star India’s video streaming service Hotstar to bet big on video content and attract more Internet consumers and shoppers. Even though the talks have not reached an advanced stage, the deal may or may materialize.
The talks with BigBasket are at a nascent stage and Grofers continues to scout for new investors, and it’s unclear who will run the merged entity if the deal is finalised. However, reports further claim that Grofers has a term-sheet from a strategic investor, which is conducting a due diligence.
In this edition of Startup 101, we bring to you the answer to this all-important question — where can I find angel investors? The decision is largely based on who suits the needs of your business better.
There are no signs of Hike trying to monetise its offerings. At the same time, the company’s active user base is also falling. Thus, Inc42 Datalabs decided to delve into Hike’s financials and brainstorm the reasons for its failings as part of Inc42’s ongoing series What The Financials [WTF].
Twitter will now put live streams and broadcasts started by accounts you follow at the top of your timeline, making it easier to see what they’re doing in realtime. In a tweet, Twitter said that that the new feature will include breaking news, personalities and sports.
For the Model 3, the more affordable, backlogged sedan, a red “multi-coat” paint job went up to $2,500 this weekend. It used to be $2,000 for the red color. As Electrek pointed out, when the Model 3 was first produced red cars were available for $1,000.
Ring in the future: Lazy Co wants you to control your world with its smart wearable
How do you ring in the future? Lazy Co wants you to control your world with its smart wearables. Aina, a premium AI-powered smart-ring, is many things – a smartphone, a fitness tracker, a smart home remote, and a timepiece. It offers an easier, faster way of doing certain tasks, including making calls and talking to friends. And to boot, it’s stylish too!
A sector-agnostic focus helps Mumbai-based Grab ensure last-mile delivery
With online delivery steadily gaining importance in our daily lives, the delivery boys working in these companies play an important role. A sector-agnostic focus helps Mumbai-based Grab ensure last-mile delivery. Founded by Prathish Singhvi, Nishant Vora, and Jignesh Patel, the startup offers same-day and on-demand delivery services.
This Delhi-based student housing startup promises to give you Your Space
Launched in 2016, this Delhi-based student housing startup promises to give you Your Space. Founded by Karan Kaushik, Shubha Lal, and Nidhi Kumra, Your Space hosts 1,200 beds in 11 hostels, with an average occupancy rate of 80-85 percent. The company, which targets undergraduate and post-graduate students, has a 30-member team.
Policy paper and a proposed regulatory framework for blockchain and cryptocurrency in India
Can the “blockchain good, crypto bad” ideology work? To find out, download the report “Realising India’s Blockchain Potential” that puts light on issues related to Blockchain and creates a dialogue between regulators and the blockchain community in India.
High energy costs? Try a Minion, which uses AI to track and cut down your electricity bills
High energy costs? Try a Minion that uses AI to track and cut down your electricity bills. Bengaluru-based MinionLabs has designed a smart energy device that uses Machine Learning (ML) and deep learning techniques and leverages AI to disaggregate, track, and analyse a building’s electricity consumption.
NASSCOM Design4India Design Summit 2018 will take place on 26th September 2018 at JW Marriott, Bengaluru. The 3rd edition aims to bring together industry experts from the design and tech community to network and discuss how emerging technologies, when aligned with design can create better user experiences.
Same taste, same flavour – that’s Haazri’s promise for your daily chai
Karan Shinghal, Arjun Midha, and Dhruv Agarwal have come up with a unique recipe, and process, so that your tea tastes the same, every time. That’s Haazri’s promise for your daily chai! Started in April 2016, Haazri’s tea is priced at Rs 20 a cup, and the team uses a standardised recipe across its five outlets, using tea leaves sourced from Dibrugarh.
Mumbai-based Agrahyah Technologies is riding the voice and vernacular wave on the internet
Founded in October 2016 by Sreeraman Thiagarajan, Uppal Shah, and Rushabh Vasa, Mumbai-based Agrahyah Technologies is riding the voice and vernacular wave on the internet. The software firm and content producer rolled into one is building a suite of apps, websites, content platforms, and voice-based products for India’s vernacular population.
Bengaluru-based online classifieds and services portal Quikr India Pvt Ltd is reportedly in talks to raise between $100 Mn and $150 Mn by keeping its record valuation of $1 Bn. If the company successfully manages to raise funds sustaining its $1Bn valuation, it would mark a turning point for the company.
Indian government-owned statutory body Telecom Regulatory Authority of India (TRAI) has reduced the scope of regulation for the proposed framework for the over-the-top applications (OTT) like WhatsApp, Skype, Netflix, Hotstar among others.
The first meeting of the recently formed ecommerce panel of secretaries was held on Thursday (September 14), during which issues related to the definition of ecommerce and grievances related to the industry were discussed. This committee is different from the inter-ministerial task force that is working on the draft ecommerce policy.
Amid rising data theft, breaches, and leaks in India, the Supreme Court had directed the Indian government to formulate a Data Protection Bill to ensure and strengthen people’s rights over personal data and the right to privacy. Accordingly, the Justice Sri Bn Krishna Committee was formed in July 2017 to deliberate on a data protection framework for the country.
SP-TBI is an initiative of the Bharatiya Vidya Bhavan’s Sardar Patel Institute of Technology and is affiliated with the Department of Science and Technology of the Indian government, which formally recognised it in 2015. With its core focus on enabling technology-based startups, the affiliation gives SP-TBI a definitive edge.
Satellite imaging and analytics company Planet is taking the wraps off its new manufacturing space in San Francisco. Founded by ex-NASA employees, Planet is leveraging some of the $183 million in funding it’s amassed to expand.
Google is reportedly building a prototype system that would tie Chinese users’ Google searches to their personal phone numbers, as part of a new search service that would comply with the Chinese government’s censorship requirements.
For those not in the know, a DApp is a decentralized application built on a blockchain like Ethereum or EOS. You may be familiar with legitimate DApps such as Augur or CryptoKitties, but this is not a story about what honest programmers can create using the power of the blockchain.Start
Of dual SIMs and the costliest ever iPhone – all you need to know about the latest Apple announcement
An Apple product announcement tends to be fairly routine – kickass promos, newer, fancier products mixed with some good, old-fashioned old pomp and pageantry. The tech giant held its annual debut event on Wednesday morning at the Steve Jobs Theatre at its Cupertino headquarters in California and revealed all that was new in the Apple universe. Here is everything you need to know about the latest Apple announcement.
Raising money isn’t the way to building a great startup; building value is: experts at Elevate 2018
The Government of Karnataka has shortlisted 250 finalists at Elevate, its startup competition. But starting up is only the first step in what’s likely to be a long journey. The other steps include growing the company, raising money, and scaling up. On Tuesday, the government brought in four top founders – of ZoomCar, NestAway, Chumbak, and Your Story – to talk about their journey and prep young startups for the real world.
After Uber and Ola, these cab aggregators are gearing up for the online rental space race
For some years now, India’s cab market has been dominated by two players – Uber and Ola. The two firms have been facing off since San Francisco-headquartered Uber entered India in 2013, two years after Ola was founded. According to a report released by ICRANSE, the Indian passenger vehicle industry is likely to ride on the “strong growth potential of domestic taxi segment” in the near term. But Ola and Uber are not the only cab services racing to get a pie of the online rental market. YourStory lists a few cab aggregators that will help you with your rental needs and let you book inter-city cabs.
Karnataka selects 77 startups for funding at Elevate 2018
The Karnataka government on Tuesday announced the winners of Elevate, its startup initiative. The state has chosen 77 startups for funding this year from the 246 startups that pitched to the high-profile jury. All 77 startups will receive funding up to Rs 50 lakh each from the state IT, BT and S&T department. The programme, part of the startup policy launched by the state government in November 2015, is run under the Startup Karnataka initiative of the Ministry of IT-BT and S&T.
Rejection isn’t the end of the road for a startup: VCs offer funding advice to entrepreneurs
Bengaluru-based Indian language knowledge sharing platform Vokal has raised $6.5 million led by Kalaari Capital, as a part of its Series A round. The platform, founded by Aprameya Radhakrishna and Mayank Bidawatka, had in July raised $5 million led by Shunwei Capital. Vokal is a peer-to-peer knowledge-sharing platform for India’s non-English Internet users.
Policy paper and a proposed regulatory framework for blockchain and cryptocurrency in India
Can the “blockchain good, crypto bad” ideology work? To find out, download the report “Realising India’s Blockchain Potential” that puts light on issues related to Blockchain and creates a dialogue between regulators and the blockchain community in India
Indians are among the top mobile downloaders in the world for Netflix content: Global Innovation VP Michael Spiegelman
While Netflix has been in India for two years now, with Sacred Games, its first India orginal series, the international online video streaming giant has shown it’s serious about the market. In an interview with YourStory, Michael Spiegelman, Vice President – Global Product Innovation at Netflix, gives us the scoop: the company’s India strategy, learnings from the market, and what lies ahead in terms of content, partnerships, innovations, etc.
Retirement is the new cool – Jack Ma shows the way
CEOs are trailblazers, inspiring us to follow in their footsteps. Publications world over have highlighted their every successful move, but for one: “retiring”. Which is why everyone was amazed to hear that the great Jack Ma was hanging up his boots. The move simply didn’t match the pattern we have been used to seeing. But it is reflective of a small crop of successful people willing to let go at the peak of their careers to explore what else life can offer them.
Use these 5 test prep apps to ace your exams and achieve your dream scoree
Preparing for entrance exams like GMAT, GRE, CAT, banks, the Railway Recruitment Board (RRB), and the civil services can be stressful. But finding the right study tools and resources can be even more frustrating at times. Daunted by huge entrance prep books? Or just can’t afford them? Whatever may be your reason, these exam prep apps are here to save the day.
Karnataka to fund 50 idea stage to POC startups this year
Karnataka is serious about its startups and in yet another commitment to the ecosystem, it held Elevate, a startup pitch event for which 650 companies from across the state applied in a bid to gain a grant. Last year 1,700 startups applied to the competition and the government funded 100 companies. The Karnataka government has provided Rs 42 crore for 177 startups so far and has already disbursed Rs 30 crore.
At the Karnataka government-sponsored startup pitch event Elevate, several startups from hardware, heritage travel, fintech and several other sectors showed the potential to be the next $100 million company. Of the 250 pitches, around 50 to 70 will qualify for a grant from Karnataka. The winners will be declared on September 11. This may have been a Bengaluru event, but there were startups from Hubballi, Tumakuru, Ballari and other districts in Karnataka too participated.
BabyChakra raises undisclosed funds from Mark Mobius-backed Equanimity Ventures Fund and others
Online parenting platform BabyChakra has raised an undisclosed pre-Series B round from a clutch of investors. BabyChakra plans to use the funds in language expansion of its platform which currently invites over two million families every month to exchange information and tips on pregnancy and parenting. Nearly 70 percent of these visitors are from Tier 2 and Tier 3 towns, making language innovation imperative.
The #IAmOdisha campaign celebrates its people, innovation, entrepreneurship and achievements
From classical dance to majestic temple architecture, from rich mining reserves and agricultural produce to heavy industries, Odisha continues to be a hotbed of innovation. #IAmOdisha campaign focuses on highlighting that and tells the stories of entrepreneurship, innovation, and drive while inspiring people to showcase their own. The “I Am Odisha” campaign will culminate in a grand finale at the Make in Odisha Conclave 2018 (MIO) in Bhubaneswar that commences on November 11th 2018.
As per the officials, Google has agreed to abide by all the RBI requirements but has sought around two months extra to comply. The ministry official said the government is still firming up its recommendations on storage of personal data after the Srikrishna committee submitted its report last month.
Food delivery Unicorn Zomato’s newest investor Alibaba’s Ant Financial has secured the right to become the largest shareholder replacing Info Edge, as the Chinese payments giant aggressively seeks to expand its presence in India.
Ola customers will soon be able to order food via the ridesharing platform. The company will soon be integrating online food delivery app Foodpanda to its cab-hailing app, which it acquired for $31.7 Mn in January 2018.
Launching the new policy and guidelines, Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation, announced, “These regulations will enable the safe, commercial usage of drones starting December 1, 2018. It is intended to enable visual line-of-sight, daytime-only operations to a maximum altitude of 400 feet.”
The draft ecommerce policy makes several random proposals such as making the National Payments Corporation of India (NCPI)’s RuPay card (a domestic solution/alternate to Visa and Mastercard) mandatory for payments gateways. It also suggests the creation of a government-aided ecommerce platform to promote micro, small and medium enterprises (MSMEs).
Impossible Aerospace shared launch details of its US-1 drone today, with a dense design that is basically all battery. The company announced that it had closed a $9.4 million Series A from Bessemer Venture Partners, Eclipse Ventures and Airbus Ventures.
Vertical Aerospace is a British startup that has built and flown a fully electric vertical takeoff and landing (eVTOL) aircraft. The startup says it aims to launch a fully operational “air taxi” service by 2022, but plans to do so with pilots, rather than without, in order to comply with existing aviation regulations.
Amazon-sponsored product ads have been around since 2012. But lately, as the company has invested in growing its advertising business, they’ve become more aggressive. Sponsored ads allow vendors to bid auction-style to have their products show up when consumers type in a related search term.
History is a fickle thing. Sometimes, the simplest events are immortalized while major events are forgotten. But the beauty of the Internet is that we can bring forgotten accomplishments out of the shadows and shine a light on them again.
The achievements of these women are something that should not go uncredited or unknown. These women were trailblazers, renegades, geniuses, and just plain awesome.
Valentina Tereshkova was the first woman to venture into space in June 1963. Her training in parachuting made her an ideal candidate to become a Russian cosmonaut. She applied soon after women became eligible.
The USSR’s decision to put women into space was fueled by a desire to beat the USA to a “first” in the space race. Along with four other women, Tereshkova was put through the same rigorous training as her male counterparts. She spent a total of 70 hours and 50 minutes in space.
When she returned home, she received some of the most prestigious awards offered by the Soviet Union. This included the Hero of the Soviet Union medal, the highest award in the USSR. The United States would not send a female astronaut into space until 20 years later.
If not for Margaret Hamilton, the famous lines uttered by Neil Armstrong upon stepping onto the surface of the Moon would never have been said. She led the 400,000-strong team of software engineers that made Apollo 11 both possible and successful.
Hamilton had a rigorous approach to many tests. This attitude helped to preserve the mission when the guidance computer began to prioritize the Moon landing on its own. In 2016, she was awarded the Presidential Medal of Freedom, the highest civilian award in the US, by President Barack Obama.
Caroline Herschel laid the groundwork for Western women in science. Having been given an education by her father, she was well ahead of her time. An accomplished astronomer, she was the first woman in recorded history to discover a comet—and found eight overall.
Her more famous brother, William Herschel, was given a job as King George III’s personal astronomer. She followed as his assistant. By also receiving wages, she was the first woman to be recognized for scientific work.
After her brother’s death, Caroline Herschel mapped out the exact placement of their discoveries. The Royal Astronomical Society and the Royal Irish Academy made her the first female honorary member. Years later, she received the King of Prussia’s Gold Medal of Science.
Andree de Jongh was the head of a resistance group called the Comet Line. Her organization helped abandoned Allied soldiers escape Nazi-occupied countries and return to the safety of Allied lines. She also led many of these crusades from safe houses in Belgium through occupied France and finally to a neutral Spain.
De Jongh is estimated to have helped over 100 airmen to escape. She was eventually caught, and her father was executed. The disbelief that a person of her gender could lead this group kept her from torture and death. She was sent to prison, a women’s concentration camp, and a criminal labor camp.
Bertha von Suttner was the first woman to be awarded the Nobel Peace Prize. She wrote Lay Down Your Arms (1889), one of the most influential books of the 1800s.
Von Suttner was a close friend of Alfred Nobel. They spoke for years on the subject of peace. She also became one of the leaders of the international peace movement and, in 1891, established the Austrian Peace Society. Von Suttner stood out as a radical and forceful leader among the group. She was referred to as the “generalissimo of the peace movement.”
When Truus Oversteegen was 16 and her sister, Freddie, was just 14, a resistance fighter asked their mother if the girls could join the Dutch resistance against the Nazis. Their mother allowed it.
The girls would flirt with Nazi officers and collaborators. Then, these young women would lead the men to the woods under the pretense of intimacy. Unknown to the men, another resistance fighter was lying in wait. The officer would be shot and the murder covered up while the sisters acted as lookouts.
Dr. Mary Edwards Walker was a nurse and surgeon during the Civil War as well as a women’s rights activist. When the Civil War started, she joined the Union effort as a nurse in DC and briefly as a surgeon in Ohio. For her work during the war, she was awarded the Congressional Medal of Honor.
When her eligibility for the medal was called into question and her name taken off the list of awardees, she refused to give back the medal. The award was restored to her posthumously in 1977.
In the world of women’s rights, Walker chose to fight for female rights to a public professional role. She wore a Bloomer costume in protest of the unrealistic clothes required of working women. She also started to wear men’s clothes, which caused her to be arrested for impersonation several times.
However, Walker never let critics get her down. She held her head high for her accomplishments in her work.
With a confirmed 309 kills, Lyudmila Pavlichenko still holds the record as the deadliest female sniper in the world. As a young woman, she competed with the neighborhood boys in marksmanship and later attended snipers’ school to perfect her shooting skills. Even so, she studied to be a teacher and scholar at Kiev University.
Her goals changed in 1941 when the Germans invaded the Soviet Union. Eager to fight for her country, she managed to prove herself and secure a place in the Red Army’s 25th Chapayev Rifle Division. Her first battle had her paralyzed with fear until a young soldier was shot right next to her. That propelled her to make the first of her many kills.
One hundred of her kills were German officers. She would spend days in sniper battles and was so well-known by the enemy that they would call for her by name on radio loudspeakers to try to bribe her.
After being promoted, she was pulled from combat and toured the world. Pavlichenko became friends with Eleanor Roosevelt and received gifts wherever she went. On her tours, Pavlichenko would push aside sexist questions and instead promote support for the second (Western) front. She retired with the rank of major and was awarded the title of Hero of the Soviet Union.
She was forgotten because her image was scrubbed from history by her own stepson.
Hatshepsut was the first women to attain the full powers of pharaoh. She began as a queen, the wife of her half-brother. When he died young, she assumed the role as regent until her infant stepson was of ruling age. She soon took full power, declaring herself a pharaoh.
She defended this move by reinventing how she was seen. Statues and paintings were commissioned that depicted her like a male pharaoh with a beard and muscles. Her achievements included construction of a temple at Deir el-Bahri, which is seen by many as the most beautiful temple in Egypt.
After she died and her stepson became ruler, he wiped her from history. Her images on temples and monuments were destroyed. The ancients believed that you would live eternally on the other side if you were remembered in life. But if you were forgotten, you ceased to be.
Accordingly, when the appropriate hieroglyphics were decoded in 1822, the revelations about Hatshepsut brought her back to her eternal life.
Zheng Shi (aka Ching Shih) achieved something that few ever managed to do—she won over the long term as a pirate. She started as a prostitute captured by pirates, and she was claimed by the pirate fleet’s admiral as his wife. Zheng Shi agreed on the terms that she was granted copartnership of command and half the admiral’s share of the loot.
When her husband, Zheng Yi, died, she quickly took control of the fleet. She was a ruthless pirate lord. She instituted a strict set of rules. Most punishments for breaking the rules involved execution. Loot was to be recorded and properly distributed, female prisoners were to be treated with civility, and deserters would have their ears cut off.
With an iron grip on her fleet, Zheng Shi created an empire that was unrivaled in its power and success. When met by a government armada, she sank 63 of their ships and sent the rest home in retreat.
Her might humiliated the three naval world powers of Britain, China, and Portugal. In a desperate attempt to end the pirate lord’s reign, the emperor offered amnesty for Zheng Shi and her fleet. She agreed and got to keep her loot. Zheng Shi retired, opened a gambling house, and died peacefully at 69 years old.
Founded by Monish Shah and Malhar Gala, TraveLibro enables users to build a global social network where they can capture their travel experiences in live ‘On-The-Go’ stories via photos, videos, reviews, and thoughts, chronologically.
Established in 2016, pi Ventures claims to be India’s first such venture fund that is focused on AI. It recently raised $6 Mn from the CDC Group UK. Here are the excerpts from this week’s Moneyball with Manish Singhal founding partner at pi Ventures where he talks to us about how their model is nott to spray and pray, his belief that in future, products will struggle to survive if they don’t use AI and machine learning in a meaningful way and much more…
Inc42, in the 21st episode of Ask Me Anything (AMA), hosted Siddharth Talwar, co-founder and partner of Venture capital firm Lightbox. He has been in the startup ecosystem for nearly two decades with hands-on-experience of being an entrepreneur and then an investor, supporting consumer technology startups.
Zoho, which enables enterprises to run their businesses smoothly with its suite of online productivity tools and SaaS applications, claims to have more than 35 Mn users worldwide. Even as Indian startups are going the IPO way, Vembu loves his freedom and has no plans to take Zoho public.
Online lending startup CASHe has developed a proprietary scoring system called ‘SLQ’ as an alternate to the current banking credit scoring system. The SLQ is independent of any bureau reports and generates its own scores based on the customer’s social behaviour data
Summary: Building a business is not easy. This easy to read step by step guide shall provide an outline to starting a business in just four easy steps.
Keywords: Building, business, step by step, guide, outline, four easy steps.
Creating a successful and profitable business is not easy. Initially, external factors, such as competition, timing and demand, with scant or little contol bother us. We aspire to have sound business plan. In order to lead a successful business we must assume that external factors shall favour us. The five steps we consider while building our business from the ground up:
1. Determine your business. What are you selling?
This question is not as easy to answer as you may think. For example, Nike is in the sportswear business, but the truth is that when you buy a pair of Nike shoes and a t-shirt at the mall we are buying a lot more than sportswear; you’re buying an image, a feeling. You’re buying the Nike brand. For example someone who is in speciality retial business may say, ìconvenience or “innovation” before they specify any particular industry. Your brand is what sets your product apart from your competitors.
2. Select your market. Who are you selling to?
This step is a bit less interpretive as the first, though equally important. Who are you selling to? or more importantly, what do you know about this person? Understanding your consumer is a key to success. What do they do? Where do they hang out? What do they watch on television? These are just a few of the questions that you should be able to answer about your consumer. Knowing the answers to these questions can answer a lot of questions of your own when it comes to a devising a marketing strategy. We have to understand our market with “amazing ability to figure out the things that people want to have.” This ability to perceive our consumer’s desire can only be a result of knowing them like our neighbor.
3. Create a marketing strategy. How do you speak to these people?
This is a culmination of understanding your brand and your consumer. As mentioned in number two, understanding our consumer can answer a lot of questions concerning our marketing strategy: Where should you advertise? What’s the voice of your brand? What kind of prices are reasonable for this demographic? In order to engage your consumer, a.k.a. sell your product to them, you must know where your advertisements will be noticed, how to speak to them, and how much they will be able to spend, among many of things. Really, this step should have been combined with the last because who your market is dictates your marketing strategy entirely.
4. Learn by example. Seek advice from those who have done it.
There are many books written by professionals who have already started their own business and have been successful in doing so.
Remember, building a successful business in not all about the Rupees and Paise. Equally as valuable is you brand equity and your ability to engage your consumer, which is only attainable by understanding them. Assuming there is a demand for your product, and you can compete with the other brands, following these four steps shall guide you in the right direction.
I was reading this commercial from Tony Robbins’ Newsletter ”
When someone asks you for help, how do you respond?
The naive coach tends to “over-commit.”
They feel this heartfelt pressure to help the person, so the say, “Yes! Let me share my solutions with you. I’m committed to your change. Let’s make it happen!”
Why is this naive? Because if you rush in too much as a coach, you might scare the client away!
Or worse yet, you are seen as a “nagging” friend giving them unwanted advice. Ever experience that?
The wise coach knows better. They say, “Great. I’d love to help you.”
Then the wise coach thinks to themselves, “Let’s figure out what kind of client this is.”
You see, there are four different client types. The four types have different goals. They work at different speeds.
And they have completely different expectations for their coach.
When the naive coach “rushes in” to help, they miss out on the client’s type.
They miss what’s really going on.
The wise coach first understands the client’s type, and proceeds accordingly.
Which coach do you think is more effective?
If you ever find yourself giving advice to someone who doesn’t seem to benefit… I have something for you.
Today we will be sharing one of our top strategies for bringing faster, more profound change to coaching clients.
It will also work on anyone in your life who needs your help.”
I come into the later category of coaches – the Naive Coach! I tend to commit fast, stay committed for long and rarely have I failed.
I believe that Flirting Mentor is an Oxymoron just as a term like Naive Coach is, IMHO. A TRUE coach or mentor is neither naive nor a Flirt ! Serious coaches are Committed people and whether they commit early or later is a matter of their mind’s processes and early or late decision making capabilities/ habits – nothing else!
In our efforts to HyperScale the business in the formative stage of the business, an Entrepreneur – willy-nilly, beegins Cold Calling upon advice. In the old cold calling mindset, we are taught to focus on the sale and be completely confident that what we are offering is something the other person should/must buy.
As the Startup business begins to gain scale and there builds a pressure on the SMEs to HyperScale due to pressure on Breakeven, Investor push etc. they begin to use some of the oft-repeated menthods to bring the Sales volumes up. One of them is Cold Calling. Here are 3 common cold calling techniques that we should avoid:
Mistake #1: Center the conversation around us and what we have to offer
In this old approach, we introduce ourself, explain what we do, and suggest a benefit or feature of our product. And then we close our eyes and pray that the other person will be interested
Unfortunately, the moment you stop talking you usually hear,
“Sorry, I’m busy,” or “Sorry, I’m not interested.”
We’ve started your cold call by talking about your world and what you have to offer. But realistically, most people aren’t all that interested in you. When you talk about your company and your product, it’s just another advertisement to them. We haven’t engaged them, so they often just “turn the page.”
Prospects are much more interested in themselves and whatís important to them. So if you start the conversation by focusing on their world, theyíre more likely to interact with you.
So instead, talk about an issue or problem they may need solving. Focus on them rather than on what you have to offer. And see where it takes you.
Mistake #2: Be confident they should buy your product or service
In the old cold calling mindset, you’re taught to focus on the sale and be completely confident that what youíre offering is something the other person should buy.
The problem with this approach is that you havenít asked them to determine this along with you. So think about it ñ in the old mindset, youíre really deciding for someone else whatís good for them. I know this isnít intended, but thatís exactly what comes across to your prospects.
So rather than being full of confidence and enthusiasm, stop for a minute and think about the other individual. Relax into a real conversation instead of moving into a persuasive strategy or sales pitch. Put yourself in their shoes and invite them to explore along with you whether what you have to offer is a match for them.
Others really can distinguish the difference. Youíre inviting them to see if you might be able to help them solve a problem. This makes for a much better connection right at the beginning, and youíll get that immediate rejection reaction much less.
Mistake #3:When someone brings up an objection, try to overcome it
You know, one of the reasons cold calling is so difficult is that sometimes you may not be very familiar with the other person and their business. When you make that first call, you donít know very much about their issues, problems, budget, and time constraints.
Chances are, not everyone is going to benefit by your product or service.
So realistically, your company or product isnít going to be a match for everyone. And yet, when someone brings up an objection (“we donít have the budget for that,” etc.), the old cold calling mindset trains you to “overcome,” “bypass,” or “override.”
But when you do that, you put the other person on the defensive. Something theyíve said is being dismissed. And hereís where rejection can happen very suddenly.
So it ís much better to listen to their concerns and continue to explore whether what youíre offering makes sense for them. There are some wonderful phrases you can use that validate their viewpoint without closing the conversation.
So now youíve discovered the 3 major cold calling mistakes people often make. See if you can shift away from those old self-sabotaging mindsets. When you do, youíll notice that people will engage you much more, and the immediate rejection youíve grown so accustomed to will happen much less.
In my Mentor Column on Wednesdays Jay Mentor discusses with readers the Slogans. Do you have a Slogan? Have a look at the ones I chose for you below. Any of them make sense to you? Relevant to you? Appealing to you.
Do you think, you can expand, modify, change a wee bit and make these slogans look and work Great for you. Slogans are not merely for shouting from the hooters or rooftops – people like leaders who walk the talk.
Do you have it in you? Please go ahead and create and share your creation in the comments. I shall respond ASAP.
Studies have shown; successful entrepreneurs possess three characteristics:
entrepreneur,franchise,jobs,careers,mentoring,coaching,marketing,small business,at home business
Studies have shown that successful entrepreneurs possess three characteristics:
It is that magical power of having confidence in oneself and in Entrepreneur’s powers and abilities.
Results are gained by focused and sustained effort. Entrepreneurs concentrate on achieving a specific goal, not just accomplishing a string of unrelated tasks.
Entrepreneurs realize that there is a chance of loss inherent in achieving their goals, yet they have the confidence necessary to take calculated risks to achieve their goals.
Entrepreneurs are people who will make decisions, take action, and think that they can control their own destinies. They are often motivated by a spirit of independence which leads them to believe that their success depends on raw effort and hard work, not luck.
So which of these three main characteristics is the most important? Believe it or not, it has to be self-confidence. Without self-confidence, nothing else is possible. If you don’t believe in your abilities, then the first challenge that arises may knock you off the path to achieving your goals.
Here are a few things to keep in mind for maintaining a higher level of self-confidence.
A. Positive Thinking
It all starts with a positive attitude, doesn’t it? Believing that something good will happen is the first step. Negative thinking simply is not allowed. You must truly believe that there are no circumstances strong enough to deter you from reaching your goals. Remember too, that positive thinking can be contagious. When positive thinking spreads, it can open doors to new ideas, customers, friends, etc.
B. Persistent Action
Now all of the positive thinking and believing in the world is useless if it is not applied towards a goal. You have to take action, no excuses are allowed. This action must also be persistent. Trying once and then giving up is not going to be enough. Keep at it one step at a time. If you can’t get by a certain step, then find a creative way to try again or just go around it.
In the beginning, we identified a few traits which are common among successful entrepreneurs. You should be able to look ahead and see yourself where you want to be. Now just maintain a strong belief in yourself and your skills, stick with it, and don’t give up. If you can do that, you’re already half way there!
Itís a great time to be startpreneurs in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an startpreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that youíre lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.
It ís a great time to be an entrepreneur in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that youíre lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.
But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise:
1.Don’t Quit Your Day Job.
Consider starting your business part-time, especially if it’s online, while youíre working and have a steady income. It usually takes six months to a year to get a business going and you donít want your ability to make your house payment to hinge upon your company being an overnight success. Start with what you can manage, financially and time-wise, and scale up as your business grows.
2.Find Your Niche.
The days of general stores are over. Particularly online, consumers are looking for stores that specialize. You have to find a needósomething a specific group of people want, but canít get at the big chain storesóand fill it. Advises Lesonsky, ìYou canít compete with the big guys, so you have to find where the big guys arenít and go into your niches.î
3.Have an Online Presence.
Even if youíre not planning to start an online retail business, consider that the internet can still play a valuable role in your company. Having an online presence eliminates the limitations of physical location and broadens your customer base by, literally, millions. Itís also a great tool for promoting yourself and letting people, even in your own area, know that youíre there, and what youíre doing.
4.Refuse to Quit.
Successful entrepreneurship requires creativity, energy, and a drive to keep going when you fail. Few people realize that before Bill Gates created the extremely successful Microsoft 3.0, he created a Microsoft 1.0 and 2.0, both of which floppedóbut he kept at it. And that determination and refusal to give up is what will separate successful entrepreneurs from unsuccessful ones. Arm yourself with optimism to get beyond the #No1 or the trouble. There’s nothing wrong in failure just don’t repeat the same mistake!
Admit it — you’re low-key obsessed with Starbucks. Starbucks is not just a restaurant — it’s a lifestyle. We wait year round for the infamous PSL (being labeled “basic,” be damned), know it’s time for Christmas when they start serving Gingerbread Lattes from Christmas cups, and look forward to summer with fruity, refreshing, and Insta-worthy iced teas.
But it can be a pretty expensive obsession to have! With typical menu drinks costing about $3-$7, plus whatever add-ins you prefer, it can add up (especially if it’s a daily occurence!). However — it doesn’t have to be that way. It’s worth looking into how to get more bang for our (Star)buck, and how many options the trusty coffee chain and cafe really can offer us. Read on for the hacks that will save you time, money, and calories at Starbucks.
1. Don’t limit yourself to what’s on the menu
In fact, the most expert Starbucks-frequenters rarely order off the menu, to get their favorite drinks and to save money! Check out the secret menu (yes, it really does exist!) or try these secret menu drink concoctions that are all $3, and never pay $5 for a coffee again! If you prefer lattes, order the cafe misto, which tastes the same (half coffee, half milk), but is significantly cheaper (and will save you calories!). More of a tea drinker? A chai latte misto is half steamed milk and half brewed chai tea, saving you money and sugar (you can also just order a hot chai tea with steamed milk if the terminology weirds you out, and save about $2).
2. Make your own drinks for a cheaper price
Iced lattes are one of the most satisfying and refreshing drinks, but can get pricey, especially if you prefer them in Venti size instead of the Tall (don’t we all on Monday mornings?). Instead of ordering a latte, order a triple espresso over ice, in a Venti cup (with room for milk), and then go to the condiments area to fill up your coffee with milk, which makes an iced latte, but for a fraction of the cost. If you prefer your lattes hot, you can also order a Tall coffee with steamed milk (still cheaper than a latte!), or a Tall hot coffee in a Grande cup, and fill up on the milk at the condiments station — a Grande latte for the price of a Tall coffee!
3. Never pay full price for two drinks during the same trip, again
Spend a lot of workdays or meetings at Starbucks where you stay for hours and get multiple drinks? Or maybe just one cup of coffee for you doesn’t cut it? Anytime throughout the day (and in any size — Tall, Grande, or Venti), refill your cup with brewed coffee or tea for just 5o cents. Just know that “refills” only count as iced or hot coffee and iced or hot tea (but remember the tricks above to turn it into a latte!). Also an insider tip: you can get a 50 cent refill with coffee or tea, even if your original drink was not just brewed coffee or tea. So feel free to fill up on a Pumpkin Spice Latte and get a 50 cent extra pick-me-up of tea before you leave!
4. Bring your own cup
Not only will you be saving the planet, one coffee cup and plastic straw at a time, but you’ll also save 10 cents on your drink whenever you bring your own tumbler, cup, or mug. We love using an ever-so-chic mason jar with a lid, or — funny you should mention it — Starbucks has amazing reusable cups of their own. We love this one, this one, and this one.
5. Sign up for Rewards
Normally I detest rewards programs at restaurants and stores — it’s just more spam emails and I probably spend more money than I save (it’s hard to resist a 30% sale or free pastry with purchase of drink). But at Starbucks, it is a must (and with no cons)! First of all, it’s free to sign up (did that convince you enough?), and besides just having a ton of perks for being a reward member (hello, free birthday drink!), you also earn points for a number of things, like purchasing anything in store and certain Starbucks items in grocery stores, that can be used for free food and drinks. Did we mention that it’s free?
6. Don’t buy a water bottle!
Never pay $3 for the plastic water bottle in the Starbucks fridge; just ask for a Venti iced water! You don’t have to worry about the water not being clean — Starbucks triple-filters their water and ice, so you know it’s as clean as possible and you could save some serious money. For an environmentally friendly option, you can also bring your own reusable bottle and ask Starbucks to fill it with water and ice, for free.
7. Order a French Press Pot of coffee
Going with friends or know you’ll want a few cups during your day at Starbucks? Order a French Press pot of coffee instead of individual cups. Each pot serves a few cups of coffee, but will be cheaper than buying each cup individually. Enjoy a pot with your friends, or get a serious caffeine buzz on your own (sometimes, we just need it!).
8. Get the most out of your iced drink
If you’re getting an iced tea, ask for “no water.” Iced teas are typically watered down from the original pitcher into your cup, so asking for no water will make the brew stronger. You can also ask for “light ice” (unless you prefer lots of ice). Ice is usually filled up much more than is necessary to keep the drink cold, limiting the volume of space the barista can fill the cup up with your favorite coffee drink or tea. Having light ice will give you more bang for your buck because you’ll be getting more of your drink, while still keeping it nice and cold.
9. Be specific about your syrup
I love the occasional PSL or Vanilla Latte as much as the next girl, but did you know that a Tall with sweetener has three pumps of syrup, a Grande has four pumps, and a Venti has five or six pumps? Just one pump is about 20 calories and 5 grams of sugar… are you keeping up with this math? That means just a Tall has 15 grams of sugar in the syrup alone. I don’t even want to think about how much is in a Venti! Asking for either one or two pumps per drink still gives the same flavor (we need that pumpkin spice!!) and sweetens up your drink, but if you order a Grande Vanilla Latte with two pumps vanilla syrup, you’d be saving 40 calories and 10 grams of sugar, for not much difference in taste.
10. Ask for a sample so you never get a drink you dislike again!
I don’t know about you, but I usually stick to the usual iced coffee, just so I don’t risk getting a drink that I end up not liking. But oh the possibilities out there in the Starbucks universe! Unless the store is super busy, the barista should be totally fine getting you a sample of a certain brew or drink, if you’re unsure whether or not you’d like it.
11. Know all the sizes
Thought “Tall” was the smallest? Think again — “Short” is an 8oz size (“Tall” is 12oz), which clarifies that age-old confusion that “Tall” was the smallest size, when it counterintuitively sounds like the largest — it’s because “Short” is the size smaller. Clears up a lot, doesn’t it? If you’re in the mood for a small drink, Short is cheaper than a Tall. The “Short” cappuccino has the same amount of espresso as the “Tall,” so if caffeine is your goal, opt for the cheaper options.
12. Are you and a friend both getting a Frappucino? Get one Venti!
A Venti size of your favorite sweet iced drink is about 24oz, while a Tall is 12oz. However, a Venti frappe is significantly cheaper than two Tall frappes would be (about $4 less, precisely). So instead of getting two, order the Venti size and ask for two Tall cups. Divide accordingly, and enjoy your frappucino with your friend, knowing you both saved money.
13. No time to wait in line? Order through your cell phone!
Using the Starbucks Mobile app, you can order ahead of time, and just go pick it up. No more waiting in long lines for your coffee! We’re busy women — we have much more important things to do.
Entrepreneurs typically make one or more financially devastating mistakes when financing the launch, operation and/or growth of their businesses. In most cases, they donít realize that theyíre making a mistake.
business credit, corporate credit, unsecured business line of credit, business line of credit, start up capital
As an entrepreneur, youíre hardwired to enjoy a greater level of risk than the average person. But do you enjoy the thrill of business and investing so much that youíre willing to risk:
-Being hounded by creditors?
-Being denied a mortgage?
-Paying more than your fair share of interest on your loans?
-Losing your house?
If you answered ìnoî to one or more of these questions, this may be the most important report youíve read in a long time.
Because, if youíre like most entrepreneurs, investors, and business owners I have met over the past 44 years, youíre in danger of facing all of these horrific problems.
And it ís all because of your business.
You see, entrepreneurs typically make one or more financially devastating mistakes when financing the launch, operation and/or growth of their businesses. In most cases, they donít realize that theyíre making a mistake.
And to tell the truth, even when they do realize theyíre making a mistake Ö they lull themselves into thinking that the consequences will be a minor annoyance.
Until, one day, they canít qualify for a mortgage. Or they canít get the to-die-for financing offered on the new car theyíre buying. Or theyíre hounded by creditors and eventually have to declare bankruptcy.
And it is all because they use their personal finances to fund the launch or expansion of their business. They then use personal credit cards to pay for business expenses. If you are in business or thinking about starting a business, business credit is a must.
Let me explain, most business owner have no idea that they can establish business credit and even fewer know how to how to establish business credit. If owners would take the time necessary to educate themselves about establishing credit they would no longer have to use their personal funds for start up capital or working capital.
They would also be able to use business credit cards which donít report to their personal credit reports, therefore, not lowering the personal credit scores.
The most important goal of business credit though is to obtain unsecured business lines of credit, which can be done once the business credit profile is set up properly. Once a business obtains unsecured business lines of credit, they then have the working capital they need to start a business or expand their business. The business owner has check book control to use the business lines of credit as they wish. And best of all, the business lines of credit donít report to the business ownerís personal credit report.
If you have set up your business profile correctly there are a number of banks that will lend to brand new start up business. That is right, brand new start up business with no track record whatsoever. The banks will extend unsecured business lines of credit so they can have the start up capital they need to finance the business of their dreams.
Make no mistake about it; business credit is a MUST for every business owner. Donít put your personal assets at risk finance or fund your business!
Generating some random terms is a great way to drive into your creative faculties .
Moving To The Void. Is this going to nothingness? Is this about going towards universe as your marketplace? Do you see a void that you can fill?/is there a space you can create for your businesses?/ ——————— Cause Squinting Eyes. 😂 Funny No? Squint (also known as strabismus) is a condition that arises because of an incorrect balance of the muscles that move the eye, faulty nerve signals to the eye muscles and focusing faults (usually long sight). …
Normally, the two eyes point in the same direction.
What can cause to see with squinting eyes?
Does this trigger a memory?An incident? Was it funny? How can I use this in my speech? Will audience enjoy it? ——————— Decorating A Cake With Thorns. That’s a very Nasty and Cruel thought, ain’t it? But no one dared say this to God who designed the Rose and many other flowers with protective shields of thorns around them, did we? May be, this means we need to have a deterrent created for sugar craving Diabetics like me from eating any part of the Sweet sugary Cake?! I don’t know. Or may be it is just a thought of creating a protective shell around a very attractive product so that the deterrent ( thorns) do not allow it to be broken or stolen. What do you think? ——————— Living Like A Bear In Winter. – I found this phrase funny and thought provoking. The best Bear I remember is Teddy Bear who loves Honey. The worst memory I have is of a Hairy, Toothy, Smelly Black bear in a Zoo. It is said ( I remember from my childhood) that a Bear when he grips a man in the jungle – he does two things – 1. He encircles the man with his arms so powerfully that the ribs break and the man succumbs 2. The bear tickles like hell – so that we die laughing. Scary stories from childhood. Don’t know how much truth they have.
t is a common misconception that bears hibernate during the winter. While bears tend to slow down during the winter, they are not true hibernators. Black bears, Grizzly bears and Brown bears do go into a deep sleep during the winter months, known as torpor. Hibernation is when animals “sleep” through the winter.
So taking cues from the above two if we do an attribute listing for a Startpreneur – what do we find:
Hold your customer so tight that the Customer Intimacy grows into Customer Lifetime Value and loyalty.
Like a bear – please the customer so much, pamper them so much that they laugh, feel happy to share their satisfaction with your products/ services and they also spread the word of mouth.
Make your products so Honey like – sweet, habit forming, affordable, accessible, that the customers get addicted to your brand forever.
The Hopes Of The Devil.
This one is straight out of Google Search as I did not have another choice 🙂
“When a wicked man dies, his hope perishes!” Proverbs 11:7
Men derive almost the whole of their happiness from the hope of some future good.
Wicked men may indulge themselves in hopes of eternal happiness also. Such hopes are highly pleasing to the devil, who keeps his slaves quiet by means of them, until they are brought into the same hopeless condition with himself! Thus the lief of a wicked man is spent in vain wishes, and toils, and hopes — until death kills at once his body, his hope, and his happiness!
Does the wicked man expect Heaven? How terrible will be the punishment of his presumptuous hopes, when he shall be hurled down headlong into the depths of eternal despair!
“But the hopes of the wicked come to nothing!” Proverbs 10:28
While you’ve probably heard of Rosa Parks, Harriet Tubman, and Susan B. Anthony, history is filled with amazing women whom most people have never heard of. Whether this is due to the misogynistic nature of past historians or simply because people failed to take note of their work while they were alive, many women have not received the recognition they are due.
There are thousands of talented women who have made the world a better place, but these 10 are some of the most influential. Odds are, you haven’t heard of many of them, but all 10 deserve recognition for their work. Due to their incredible accomplishments, these women are presented in no particular order as they stand together equally.
Long before the United States considered giving women the right to vote, Jovita Idar was fighting against a patriarchal society that oppressed her for both her femininity and her origins. Born in Laredo, Texas, to Mexican immigrants, Idar grew up in a place and time which wasn’t friendly to Mexican Americans.
In her early career, she became a teacher but was frustrated by the lack of supplies hindering her ability to teach. Seeing her impact diminished, she put her voice to work and became a journalist.
She wrote about inequality and segregation throughout her community. She also supported numerous causes created to help women gain a voice in politics, and she became an outspoken critic of policies she deemed shameful.
While working for the newspaper El Progreso, she called out President Wilson’s dispatch of troops to the southern border, which angered the US Army and the Texas Rangers. The latter came to the newspaper to shut it down.
Refusing to back down, Idar stood in the doorway and kept them from entering. The paper was later shut down, but her defiant stance against the Rangers—all of whom were armed and angry with her—became a symbol of resistance for women and Mexican Americans across the nation.
Throughout her political career, Shirley Chisholm racked up a lot of firsts. She holds the honor of being the first African-American woman elected to the United States Congress, having represented New York’s 12th Congressional District. She retained the office for seven terms between 1969 and 1983.
Not wanting to keep her options limited, she became the first black candidate to vie for a major party’s nomination for the president of the United States in 1972. She was also the first woman to run for the Democratic Party’s nomination for that office.
Chisolm’s work in the Congress established her as a woman of the people. She worked tirelessly on bills supporting a revocation of the draft, an establishment of a minimum wage for domestic workers, and the Equal Rights Amendment.
Her legacy has been credited as helping to “pave the way” for the 2008 Democratic presidential primary battle, which pitted an African American man against a woman. No matter who won that battle, a new “first” would have been achieved. As we all know, the primary’s results helped to establish the first African-American presidency in the United States.
Sojourner Truth was born into slavery as Isabella Baumfree in 1797. She escaped following the birth of her daughter in 1826.
She left behind a son but was able to recover him when she successfully sued a white man for his custody in 1828. That made her the first black woman to win a case of that type. Her son Peter had been illegally sold to Alabama from New York following that state’s emancipation.
She continued to work for several years. In 1843, she changed her name to Sojourner Truth and became a Methodist. At this time, she became an outspoken abolitionist and supporter of pacifism and the women’s rights movement. She came into contact with the likes of Frederick Douglass, who influenced her work.
In 1850, she published a memoir titled The Narrative of Sojourner Truth: A Northern Slave. The following year, she gave her most famous speech, “Ain’t I a Woman,” at the Ohio Women’s Rights Convention. Her words had an impact and were recalled for decades in both the women’s rights movement as well as the abolitionist movement.
She was chosen as one of the women whose work influenced the Nineteenth Amendment to the US Constitution and will be featured on the back of the $10 bill set for release in 2020.
Huda Sha’arawi was born into a wealthy family in Upper Egypt. Her father, Muhammad Sultan, was the first president of the Egyptian Representative Council, so it stands to reason that she grew up comfortably.
While this is true, she was a woman in 19th-century Egypt, which meant she either had to live at home or in a harem. After she was married to her cousin and later separated, she found some independence and furthered her education. This led Sha’arawi to feminism, where she became one of the first women to remove her veil in public. Within a decade, the majority of women in Egypt were doing the same.
She hosted women’s groups in her home and brought other women into public, which was unheard-of at the time. In 1919, she led the first women’s street demonstration during the Egyptian Revolution and was subsequently elected as the president of the Wafdist Women’s Central Committee.
Though few of her demands were ever met by the government in her lifetime, her work for women’s rights helped lay the groundwork for future gains by Egyptian women. She is remembered as one of the earliest leaders of feminism and women’s rights in Egypt by Arab women around the world.
While most people know of Amelia Earhart, few recall the accomplishments of Lilian Bland. She was one of the first women in the world to design, build, and fly an airplane.
In 1910, when few had ever seen an airplane, she became interested in flying after receiving a postcard from her uncle in Paris. Determined to fly, she got to work and made a biplane glider which she ironically named Mayfly. The glider worked, but she wanted to achieve powered flight like the Wright Brothers. So she ordered a two-stroke engine. It arrived before the fuel tank, but that didn’t slow her down.
She constructed a tank out of an empty bottle of whiskey and her deaf aunt’s ear trumpet. Although it didn’t work, her perseverance paid off. Once the fuel tank arrived, she became the first woman to fly an aircraft in Ireland.
Her father didn’t like the idea of his daughter flying and offered to buy her a car. It actually worked, and she taught herself to drive. Later, she ran a car dealership in Belfast and became Ford’s first agent in Northern Ireland.
Lilian Bland was always unconventional. But her need to fly helped prove the innovation of women, and she helped inspire others to achieve greatness all over the world.
While everyone knows the name Neil Armstrong, few have ever heard of Margaret Hamilton, the woman who helped take men to the Moon in 1969. Hamilton was the director of the Software Engineering Division of the MIT Instrumentation Laboratory, which created the onboard flight software used by the Apollo space program.
Without her work, NASA would have been unable to navigate to the Moon. Her feat was recognized by President Barack Obama, who awarded her the Presidential Medal of Freedom in 2016.
Later in her career, she founded and became the CEO of Hamilton Technologies, Inc. The company went on to develop the Universal Systems Language, which has furthered system and software design.
Hamilton is credited with more than 130 published papers and is the woman who coined the phrase “software engineering,” a career which is predominantly held by men. She is one of the leading pioneers in computer science and easily one of the most important people involved with the Apollo missions.
Roza Georgiyevna Shanina was a Soviet sniper who had 59 confirmed kills during World War II. She joined the military in 1941 following the death of her brother.
After volunteering for service, she became a marksman who would serve on the front lines, which was taboo for women. Although she isn’t the first female sniper, she is likely the best in terms of accuracy and number of kills in combat. During the Battle of Vilnius, she racked up 12 kills alone and became proficient in making doublets, which is hitting two targets with a single bullet.
She was the first female Soviet sniper to receive the Order of Glory, awarded for bravery in the face of the enemy. Her exploits were glorified in a Canadian newspaper in 1944 when she was called “the unseen terror of East Prussia.”
Shanina was killed in action when she covered an already wounded artillery unit commander, saving him from further injury. She is fondly remembered in Russia as a hero of the Soviet Union. She fought at a time when women were rarely considered for combat roles and when female snipers were traditionally removed from the front lines. But her abilities and accomplishments speak for themselves.
Prior to the US and allied invasion of Afghanistan in 2001, women were not allowed to do much in the country. They were forbidden from attending school beyond age eight and were unable to hold office, leave the house without an escort, or pretty much do anything they wanted.
Since the fall of the Taliban, things have changed. Niloofar Rahmani has established herself as the first female fixed-wing air force aviator in the country’s history. She is also the first female pilot in the Afghan military. Although she and her family have received death threats, she has persisted.
Rahmani has been recognized internationally for her perseverance in attaining her role as the first woman to pilot an aircraft in the Afghan military. The US State Department gave her their International Women of Courage Award in 2015.
Following the international recognition she received, the death threats intensified and Rahmani remained in the US. She applied for and received asylum in the United States in 2018 and plans to become a military pilot in the United States Air Force.
Long before women were given the right to vote in the United States, women like Belva Ann Lockwood were fighting for women’s rights. Lockwood graduated from law school and became one of the first women to practice law in the United States.
Though she wasn’t the first to practice, she did attain the distinction of becoming the first woman to successfully petition Congress in 1879 to practice before the United States Supreme Court. At that time, women weren’t even allowed to cast a ballot in the country. But she stood before the Supreme Court, which is an honor few attorneys ever achieve.
Lockwood ran for president of the United States in both 1884 and 1888 on the National Equal Rights Party ticket. Although she failed to win those elections, she did become the first woman to officially appear on a national ballot.
Lockwood has been honored for her achievements long after her death in 1917. Her likeness has been carved into ship figureheads and has appeared on United States Postal Service stamps. Ships have been named in her honor, and she was inducted into the National Women’s Hall of Fame in 1983.
To be fair, you’ve probably heard of Hedy Lamarr. She was a famous Hollywood actress who was once called “the most beautiful woman in the world.” But that’s not what she should be recognized for.
Lamarr was an inventor, and her work helped develop the technology on which you may be reading this article. During World War II, Lamarr helped to develop frequency-hopping spread spectrum for radio signals, which was meant to be used in the development of torpedoes.
Torpedoes were nothing new, but they were susceptible to jamming until her technology could be implemented. Unfortunately, the navy didn’t take her work seriously until the 1960s when it was finally used in most of their communications tech. That technology became the underlying concept used by the cell phone network, Bluetooth, CDMA, and Wi-Fi communications.
Her inventions revolutionized the world, and she was inducted into the National Inventors Hall of Fame in 2014. Her work in Hollywood is certainly noteworthy. But given her contributions to science and technology, she deserves widespread recognition for her accomplishments outside the industry.
Things that are fixed with great speed, but as a result, it’s probably not going to work very well. The quick trip this year did not expect any result even after a month and I was little depressed. But the Brainwave and Udemy courses I am doing are really balancing.
There’s No I in Team
To not work alone, but rather, together with others in order to achieve a certain goal. The recent attempts to work as a team member without putting skin in the game has not worked. Partner trouble of the past always comes back however much I try to let it go.
Burst Your Bubble
To ruin someone’s happy moment. No I did not and will not do that.
Break The Ice
Breaking down a social stiffness. Hmmm… I think I shall shrink all other social activities and whatever is going on and just focus on 2 or 3 major big ticket items only. I need finishiative myself.
Right Off the Bat
Immediately, done in a hurry; without delay. But it did not yield any results. May be the introduction was not done well or my offerings were wrong or may be I was not seen as the choice or I failed to sell my services well.
I Smell a Rat
A feeling that something is not quite right, or awry. That sinking feeling ! Ahh ! but I am learning lessons on Self hypnosis and they are good. They work.
It’s Not Brain Surgery
A task that’s easy to accomplish, a thing lacking complexity. No. I do not have any simple task in my task list. I must just junk it and fill it up with small simple tasks and steps I can do and applaud myself , pat my own back.
In a Mentor’s life, Mentees come for: 1. A Reason 2. A Season, 3. Or for life and accept him/ her as Life Coach. After a longish Five and half month I bid adieu to a worthy mentoree finally today.
Adieu Free verse by Jay (On Cloud Nine:Meaning: Having strong feelings of happiness or satisfaction. ) Congratulations, however hard you try, I Will always Praise. Do congratulations make you shiver? do they?
The communion that’s really anathema, Above all others are the serenades. Do serenades make you shiver? do they?
All that is little is not hello, hello, by all account is big. Down, down, down into the darkness of the hello, Gently it goes – the liberal, the high, mighty fellow.
Adieu is faces of death music. faces of death music is Adieu. “a strolling guitarist serenades the diners”. “a strolling guitarist serenades the diners”, “a strolling guitarist serenades the diners”. Adieu
Wake Up Call Meaning: An occurance of sorts that brings a problem to somebody’s attention and they realize it needs fixing. Just wondering, how many wake up calls one needs? One per day? For those day dreaming? Multiple times a day:)
Like Father Like Son Meaning: Resembling one’s parents in terms of appearance or behavior. Hmmm…. Appearance is OK. Behavior – may be not! 🙂
In the Red Meaning: Losing money. Being in debt. But the people in Red so get habituated of high living and dependence on others money – they seldom come down from their high horses.
A Chip on Your Shoulder Meaning: Being angry about something that happened in the past. Yes. It happens to me all the time. Difficult to let go of the past.
Mouth-watering Meaning: Delicious; something that looks or tastes appetizing.
Foaming At The Mouth Meaning: To be enraged and show it. Ha Ha ha – I do it without foaming at the mouth – I type!
Cry Wolf Meaning: Someone that calls for help when it is not needed. Someone who is lying. Hmmm… many recent cases of false alarms responded – leading to waste of time and going into a spin unnecessarily.
Easy As Pie Meaning: Something that is easy. Nothing is? Is there anything easy at all?
Tough It Out Meaning: To remain resillient even in hard times; enduring. Tough minded optimision, grit, determination and a firm commitment – yes, that’s what it is for me.
One of the biggest Indian startup news stories of the week was that an Amazon delivery boy and employee were arrested for cheating. Also, US-based footwear brand Skechers has been offered an out-of-court settlement by the walmart-backed company Flipkart. Let’s have a look at these and other important startup news stories of the week.
This week 19 startups raised around $152.46 Mn funding altogether. One of the biggest Indian startup funding this week was raised by Bengaluru-based insurtech startup Digit Insurance raised $44 Mn. In another development, there are speculations around online retailer eBay to join forces with ecommerce company ShopClues to relaunch its platform in India.
Once fallen to below $5K, slowly and steadily, Bitcoin is getting its charm back. Riding high on Bitcoin which is currently trading at $8.2K, the cryptocurrency market cap too, is ready to hit $300 Bn. Meanwhile, the Law Commission of India in its report submitted to the Minister of Law and Justice has recommended cryptocurrency as one of the cashless means for gambling transactions. Let’s take a look at this week’s development in cryptocurrency!
This week Mobikwik’s Chief Risk Officer, Puneet Agarwal has resigned from the company. Also, another shaker of the week was Sagar Das, the co-founder of Autoportal, who announced that he has quit the company. Let’s have a look at some of the other movers and shakers in the Indian startup ecosystem.
Uttar Pradesh govt to build blockchain infra for data security, TRAI taps blockchain to curb unsolicited calls, Walmart pilots blockchain project to procure farm produce in UP, Google partners with digital asset, BlockApps to push blockchain development & much more…
To discuss the growing trend of freelancing among Indian women, Inc42 and PayPal hosted a webinar — Nailing The Balancing Act: Women Freelancers in India — as part of the ongoing webinar series — The Rising Freelance Economy. Incase you missed it, get all the insights here…
During the media interaction, when asked about an inspiring global business personality, Sharma said, “I’ve interacted with Jack Ma (Alibaba) and Masayoshi Son (SoftBank). I also saw Steve Jobs (Apple) at a close distance. I wish I had interacted with him. But for this (occasion), I will pick Masayoshi Son (Softbank). Masa is not a man of a few billion dollars, but hundreds of billions.”
Shot In the Dark Meaning: An attempt that has little chance for success. But worth taking. I don’t leave till the end, whenever it comes – it may or may not come. Keep at it.
Birds of a Feather Flock Together Meaning: People tend to associate with others who share similar interests or values. Yes. Especially Conniving, Nefarious, Nexus of Corrupt always find ways to come together.
On the Ropes Meaning: Being in a situation that looks to be hopeless! Hmmm… In such cases, I do not persist. I take a walk. A childhood trait. Whenever there was an issue about Captaincy and someone wanted to be one instead of me – I’d walk away and start a new club, a new team and remain the Captain. What an authoritarian, autocrat I was. No?
Down And Out Meaning: (1) A term used in a boxing. (2) Someone who has become incapacitated. No. Never. Never give up. I was able to contain the heart disease with Doctors, family help and my own determination. I still live with half a heart pumping at only 35% but I choose to live and not give up.
Hear, Hear Meaning: A shout of agreement, or to draw attention to a speaker. No many times do we hear this. These days, like the purchase managers of the olden days, people are taught to say NO NO NO NO till their tongue bleeds. 🙂
In the story, a sower sowsseedand does so indiscriminately. Some seed falls on the path (wayside) with no soil, some on rocky ground with little soil, and some on soil which containedthorns. In these cases the seed is taken away or fails to produce a crop, but when it falls on good soil it grows, yielding thirty, sixty, or a hundredfold.
Jesus then (only in the presence of his disciples) explains that the seed represents the Gospel (the sower being anyone who proclaims it), and the various soils represent people’s responses to it (the first three representing rejection while the last represents acceptance.
I’m a gardener Mentor. I try and die the seeds to make Dreams grow into ambitions, translating into Vision, mission, goals, objectives, action plans, biz, marketing plans etal.
In my efforts, sometimes I come across very distressed mentees. I have to work on making the soil good as they have rocky soil of past bad experiences, thorny soil which does not allow seeds to germinate, or find soil. I spend 5, 13, 26, 52 weeks depending upon the STATE, and SITUATION.
I Sometimes come across Sand, silt or clay land or simply rocky land. Rarely I find delta land ( usualy in C Suite execs) which is fertile . Each gets a different mentor treatment.
It works. There are failures too. As the mentorees stop responding and throw seeds on footpath – it is eaten by birds and pigeons.
In one case, after sowing 150 revenue ideas and rigorously, tilling the land I found failure. I decided to move on. As the farmer/ mentoree just did not understand and allowed my gardening efforts fail.
Meet the 13-year-old who harnessed Mumbai’s dabbawala network for his courier service
Starting up young just got a new benchmark. Meet the 13-year-old who harnessed Mumbai’s dabbawala network for his courier service. Tilak Mehta, a Class 8 student at Garodia International School in Mumbai, started Papers N Parcels to help Mumbaikars courier their things around the city for same-day delivery at the cheapest rates. The business is self-funded, with his family putting in the initial funding; Tilak intends to pay it back once the company is profitable.
Why Singapore-based Alluma is betting big on global crypto trade
Virtual currency may be on the RBI radar, but we tell you why Singapore-based Alluma is betting big on global crypto trade. Founded by Akash Agarwal in 2017, the crypto exchange brings together robust compliance processes, an advanced yet easy-to-use platform and UI, and a tight security framework. The startup still does peer-to-peer transfers and maintains accounts with banks globally as it is registered in Singapore.
Udaipur-based Medhola brings medical services to your doorstep
What if the doctor could come home when you were unwell? Udaipur-based Medhola brings medical services to your doorstep and has tied up with service providers across the city of Udaipur for non-critical and non-emergency issues like fever, cold, small injuries, etc. Founded by Gaurav Dhakar in 2016, the healthtech startup is particularly useful for the elderly or dependent segment of the population.
Jaipur-based MeraPatient aims to bring more offline pharma stores online
When Manish Mehta, a CA, and Alok Khandelwal a journalist, decided to start up, they thought of building a product that served society. They realised that despite the profusion of digital healthcare platforms, there wasn’t a single point that brought together all stakeholders in the healthcare system. Enter Jaipur-based MeraPatient, which aims to bring more offline pharma stores online.
Delivery after delivery, CampusKhana is driving away students’ hunger pangs in Indore’s colleges
Foodtech giants like Zomato and Swiggy can come to your rescue if you are hungry in the city. But what if you are on the outskirts of a small city? Meet CampusKhana, which is driving away students’ hunger pangs in Indore’s colleges. Launched in December 2015 by Amit Ranjan and Monica Dua, this foodtech aggregator started its journey by delivering food to IIM Indore. In the last couple of years, it has diversified into fruits and grocery delivery, and reportedly delivered more than 16,000 orders.
Jaipur-based HR-tech startup WorkNrBy helps you find job opportunities close to home
Founded by Ashish Agarwal, Pinku Agarwal, and Manu Saxena in 2016, Jaipur-based HR-tech startup WorkNrBy helps you find job opportunities close to home. The platform is tapping the hyperlocal employment opportunity and focuses on small and medium businesses spread across a city. It is free for job seekers, and even for employers in the initial stages.
Kolkata-based Obo believes on-demand concierge service is the need of the day
In a world where time equals money, Saurav Jhawar and Madhuri Chalke believe on-demand concierge service is the need of the day. Their startup Obo, which works as an on-demand personalised delivery service, offers on-demand delivery, reverse deliveries, and even first and last-mile logistics. Obo’s local delivery network and logistics technology helps merchants deliver to their customers in a cost-effective way.
Paramotor aims to reach POS solution to small town retailers
Sonia Asher and Rahul Anand decided to tap the huge opportunity to help consumers access their kirana store on a digital platform. Their fintech startup, Paramotor, which was launched in 2016, aims to reach POS solutions to small-town retailers. The omni-channel payment processing platform helps merchants accept payments from customers across all sales channels and devices.
How MountBlue’s coding bootcamps are aiding entry-level tech hiring in startups
The disconnect between engineers’ skills and employability led Konark Singhal to found MountBlue Technologies, a startup that began operations in Bengaluru in June 2017. Now, MountBlue’s coding bootcamps are aiding entry-level tech hiring in startups. The bootcamps re-skill and upskill engineers to make them ready for employment in tech startups and various high-growth ventures. In a year, MountBlue has had nearly 100 engineers graduate in 10 cohorts.
As many died in the sector, NOW Delivery turned profitable in hyperlocal delivery, and is expanding
Hyperlocal delivery is a sector where more startups have died than thrived. But Noida-based NOW Delivery turned profitable, and is expanding. Launched in Noida in January 2016 by Vivek Pandey and Bharat Khandelwal, NOW Delivery started as a bike taxi platform. Between lunch and dinner time, it would do hyperlocal food deliveries. Now, it also offers no-delay deliveries for medical needs.
Ban on crypto assets notwithstanding, WazirX believes the future is in cryptocurrencies
Despite the ban on crypto assets, Mumbai-based WazirX believes the future is in cryptocurrencies. Founded by Nischal Shetty, Siddarth Menon, and Sameer, the idea was clear: to create India’s very own and most trusted crypto assets exchange, enabling Indians to build up their digital portfolio by buying, selling or investing in digital assets. The platform allows people to buy cryptocurrencies through peer-to-peer transfers.
Forget Facebook, YoBlunt is the next big social network that lets ‘you be you’
In the digital age, people put their best faces forward on social networking sites. But what about the struggles and fears that dog us? Ashish Bais, Manish Bais, and Rishita Varma decided to target this problem With YoBlunt, the next big social network that lets “you be you”. Launched in mid-2017 as an anti-Facebook proposition, this Faridabad-based startup offers a platform restricted to anonymous selfie narration videos only by using patent-pending artificial intelligence (AI) technology.
How The Sales Talent is finding its niche in placing sales, marketing professionals
When Prasad Tataverty saw that there was no digital platform to exclusively address the requirement of sales and marketing professionals, he decided – in March 2018 – to start up with a jobs site. The Sales Talent is finding its niche in placing sales and marketing professionals. The digital platform acts as a one-stop shop for jobs, career, networking, learning, and mentoring.
How these 6 IIT alumni are working to take India towards better health
Healthtech startups may be booming, but these 6 IIT alumni are working to take India towards better health. Siddharth Bidwan, Nimish Mehta, Kumar Akarsh, Piyush Singh, Harshal Jain, and Srikanth Manne launched MedLabz, a platform that offers convenient and easy access to diagnostic services; based on test results, it directs patients to specific doctors and specialists. Its predictive AI engine also helps customers adopt healthier lifestyles based on conditions, past ailments, and treatments.
The National Anti-Profiteering Authority has directed the director general, audit, to conduct an audit on the ecommerce companies (like Amazon, Myntra) to check if the excess tax collected after the GST Council slashed tax rates, has indeed been refunded to the customers.
The survey was conducted over a period of six months and included 100 developers. The key reasons cited for the brain drain was – the lack of “robust regulatory framework” in the country on blockchain technology, among others.
With the latest funding, PaySense aims to tap into the emerging middle class of India and is also looking to hire more people to strengthen its tech and data analytics team. Till date, the company has raised $25.6 Mn, from investors like PayU, Nexus Ventures, and Jungle Ventures.
We’ve kept you updated on the major stories of the Indian startup ecosystem throughout the week. Now it’s time to catch up on the important updates in the tech and startup ecosystem from around the world.
Sanjay Nath and his co-founder Karthik Reddy, who established Blume Ventures in 2011, have been busy. A couple of years ago, Blume was trying to raise $30 Mn for its Fund Two and wanted to invest in 35-35 startups. Today, Blume Ventures is working on raising $80 Mn for Fund Three and has already invested in 75 portfolio companies. Find out what Sanjay looks for when he invests in startups and more.
Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat’s Android app includes a “Snapcash deprecation message” that displays “Snapcash will no longer be available after %s [date]”.
Sunday morning, SpaceX successfully launched and landed its Falcon 9 rocket, while putting the Telstar 19 VANTAGE satellite into a high orbit above Earth. The mission marks the 13th launch of the year for SpaceX and the 26th successful landing of a Falcon 9 rocket booster.
The blockchain is in the middle of a major hype cycle at the moment, and that makes it hard for many people to take it seriously, but if you look at the core digital ledger technology, there is tremendous potential to change the way we think about trust in business. Yet these are still extremely early days and there are a number of missing pieces that need to be in place for the blockchain to really take off in the enterprise.
This Gurugram-based company raised $49.7 Mn (INR 340 Cr) from Sequoia Capital India and its existing investors, at a valuation of $250 Mn. To be noted, Sequoia Capital is also an investor in CarDekho, which competes with Cars24.
With this, the total capital raised by OfBusiness as a mixture of debt and equity reaches $73.1 Mn. Earlier in October 2017, OfBusiness secured $3.8 Mn (INR 25 Cr) in debt funding from Kotak Mahindra Bank.
The company is also looking to add at least two new investors with participation from existing investors led by Tencent Holdings. Byju’s app is currently used by over 15 Mn users, with close to 900K paid annual subscriptions and a high annual renewal rate of 90%.
Founded by Parul Gupta and Gautam Tambay in 2013, Springboard offers online courses and one-on-one online mentorship programmes in hot new-age domains such as data science, digital marketing, UX design and others. The company now plans to enter India to hone graduates to produce a job-ready skilled workforce.
Founded in 2010 by Jinesh Shah and Mark Kahn, Omnivore started operations in 2011 and is entirely focused on the agritech space in India. Mark Kahn claims that 5% of Indian farmers use products made by its portfolio companies. Find out what else Mark said in this latest edition of Moneyball Investor series.
“We are a startup pitted against the biggest companies on the planet, but we believe deeply that what we’re building is the right thing. Creativity and technical elegance will win here.” says the founder Tim Kentley-Klay.
Google just announced that it will introduce a “visual snapshot” feature in Assistant to summarize what’s happening in your day. The feature, which is available on Android and iOS devices starting this week, will curate a user’s personal information into a single, scrollable interface — from flight times to restaurant reservations to scheduled meetings.
Grofers goes an extra mile to get Rs 2,500 Cr in revenue this fiscal
In an effort to bring 100 million new customers online and generating Rs 2500 crore in revenue this fiscal, Delhi-based online grocery marketplace Grofers announced its foray into the FMCG segment with the launch of seven new brands under two categories – Budget and Popular G-Brands. It has also launched its app and website in Hindi. The Popular G-Brands category offers brands including ‘G Mother’s Choice’, ‘G Happy Day’ and ‘G Happy Home’. The ‘Budget category’ has ‘HaveMore’ and ‘SaveMore’ brands which claim to offer entry-level quality products.
Jeff Bezos becomes the richest man in history as his net worth crosses $150 B
Jeff Bezos became the richest man ever in the world as the Amazon Founder-CEO’s net worth touched $151 billion on the Bloomberg Billionaires Index on July 16, which coincided with Prime Day – Amazon’s headlining sales event across the globe. While Jeff Bezos has topped wealth rankings since late 2017, when he surpassed Microsoft Founder Bill Gates on individual fortune, the $150-billion figure is the highest in modern history, even when adjusted for inflation.
Flipkart beats Amazon, Google in LinkedIn’s top 10 companies
Online network for professionals, LinkedIn, has selected IT products provider Directi, ecommerce market leader Flipkart, and digital financial services company One 97 Communications which owns Paytm, as the top three companies in India. The report ‘India’s economy on LinkedIn in 2018’ has listed top 10 companies, which has placed Flipkart’s arch rival Amazon in fourth place and Google-parent Alphabet in seventh.
These 6 tools make life easier for HR managers and recruiters
Human Resource Management is a burgeoning industry. While talent and performance management have always been critical tasks for HR professionals, the increasing availability of tech-enabled HR solutions has given HRM a new dimension. Organisations world over are using a variety of tools and software to recruit, monitor, train, analyse, and appraise talent, engage workforce more meaningfully, foster cross-team collaboration, increase transparency across departments.
Hotelogix ties up with IHM-Mumbai; to offer cloud-based property management training
Cloud-based hotel property management system solution provider Hotelogix has tied up with the Institute of Hotel Management (IHM), Mumbai to train students. Hotelogix had recently raised $5 million in a funding round led by Vertex Ventures, and the round saw the participation of Accel Partners and Saama Capital. Co-Founder Prabhash Bhatnagar said that with shifting technology trends, it has become imperative for the institute to train their students on cloud-based PMS.
After announcing the deal to buy Indian ecommerce company Flipkart, Global retail giant Walmart has been engaged in arranging the funds for the deal. The new reports have revealed that the US giant has set a target for June 7, 2019 to complete the process of arranging funds through bond sale for Flipkart.
In a statement, Ajay Bhushan Pandey, CEO, UIDAI said that in certain AUAs (Authentication User Agency), the authentication is always done in a controlled environment in the presence of their own regular staff while in case of some AUAs the authentication is performed in the presence of their agents who many a time cater to more than one AUA.
As per Ankit Tandon, COO, OYO Townhouse the idea stemmed from a lot of MICE (Meetings, incentives, conferences and exhibitions) enquiries that OYO was getting for its operated properties. Launched in April this year, OYO Auto Party is currently available in eight cities including Delhi/NCR, Jaipur, Lucknow and Kolkata with 50 venues. The company is targeting 100 venues by December this year in the eight cities.
Keeping up with our consistent efforts to bridge the gap between the Indian startup ecosystem, policymakers, and industry stalwarts, here are the startup events that you should consider participating in this week. Mark your calendars…
Who will understand this market better than someone who’s been in the SaaS industry since its inception in India till today, when it’s a booming industry? The man in question is Sridhar Vembu, the founder and CEO of Zoho. As we caught up with the SaaS magician during Inc42 Facebook Live AMA, here are some things that he shared…
The now-defunct Anglo-American firm has gained notoriety for its harvesting of Facebook profiles and shady campaign tactics, but the storm of controversy has been building for decades. Before its younger sibling, Cambridge Analytica, worked for Donald Trump, SCL Group claimed to have built a portfolio of political work in three dozen countries, deploying its “behavioral change” tactics in sometimes shaky democracies.
“Good artists borrow great artists steal” is a phrase that Facebook seems acutely aware of. It’s common to speak of Instagram, the Facebook-owned photo-app-now-social-network, borrowing from Snapchat, but now Facebook’s WhatsApp chat app is increasingly drawing its innovation from others such as Telegram.
Connoisseurs of the Amazon media narrative knew exactly what to expect when the retailer announced its acquisition of online pharmacy PillPack for just under $1 billion: lots of headlines about disruption, combined with breathless reporting about the plunging share prices of Rite-Aid, Walgreens, and CVS. Everything Amazon touches, it seems, gets automatically imbued with industry-shaking potential.
A startup can have all of it — a good suggestion, an expanding customer unfriendly, funding, an excellent outlook — yet discover itself floundering, struggling to cope with a transforming into team or finding out the most effective approach to make use of these bucks for enlargement. And that’s the place the appropriate mentor could be helpful, nudging the founders within the appropriate path and helping them develop each for my part and professionally.“Having the appropriate mentor is crucial. It can be the difference between making a fine decision and a disastrous one,” says Abhishek Verma, founding father of nine-month-historic startup Mojostar, a celebrity-pushed retail business. Verma receives advice from those that have been there and accomplished it before him on three counts — navigating massive partnerships and negotiating, hiring the appropriate americans, and getting to know the way to allocate capital. Verma, who became part of Myntra’s brand team previous, has drawn his mentors from the style etailer’s old management team.TIES OF suggestions
Warren Buffett – bill Gates
The Microsoft founder has commonly mentioned famed investor Warren Buffet is his adviser when it comes to ideas and investments, other than being a detailed pal. Gates has noted Buffett asked him a couple of hard questions in the early years of Microsoft, which helped him build the company into the tech giant it grew to be
Larry Ellison – Marc BenioffThey’ve have had public feuds but they’re additionally shut friends, and Oracle co-founder Larry Ellison supported Benioff throughout the early days of Salesforce, offering counsel, assist and day without work from work.bill Campbell – Jeff BezosA former Columbia institution soccer participant and educate, Campbell labored with and mentored with one of the vital greatest names in tech, including Steve Jobs, Jeff Bezos, Larry web page and Eric SchmidtWhile mentoring is constantly about a casual, very own relationship with a senior or more experienced grownup who takes an hobby in a more youthful entrepreneur with spark and power, in some instances the relationships are more formal. a few accelerators assign mentors to the startups of their programmes, while some angel investors play the role of adviser. In other circumstances, “professional mentors” engage a stake in the company to dish out suggestions.A examine by activity insight, a non-profit that supports excessive-impact entrepreneurs the world over, found that 33% of founders who are mentored via a hit entrepreneurs went on to turn into correct performers. “The magnitude of difference between the performance of companies with a success mentors and groups that lack them suggests that the cost of beneficial mentors for startups may well be above all excessive,” activity insight’s director Rhett Morris writes.Sagar Yarnalkar, founder of grocery delivery platform DailyNinja, says his mentors are also his angel investors — TaxiForSure’s Aprameya Radhakrishna, Freecharge’s Kunal Shah and Anupam Mittal of Shaadim. “Aprameya helped me plan my incentive structure to work with companions and milk carriers beneath the gadget. He had journey working with providers right through his time at TaxiForSure,” he says. Shah and Mittal helped set up conferences with key buyers. All this helped Yarnalkar bag an additional round of funding from Sequoia Capital last December. “a pretty good mentor will need the equal factor you desire and back you to the hilt,” he says.usual MENTORS IN INDIAAparameya Radhakrishna, founder of TaxiForSurePhanindra Sama, founder of RedBusKunal Shah, founder of FreechargeAnupam Mittal, founder of ShaadimGlobally, too, founders of tech giants like Apple’s Steve Jobs, Google’s Larry page and Amazon’s Jeff Bezos have mentioned how having a mentor helped them build and scale their companies.
In India, there are lots of a hit entrepreneurs who associate with more youthful ones to support build the startup ecosystem. closing yr, Niti Aayog invited purposes for its ‘Mentor India’ programme, beneath which mentors might guide schools college students in govt Atal Tinkering Labs. around 750 mentors have been chosen for programme throughout the country. whereas some entrepreneurs just put their identify down as a mentor in order that a startup can raise money, others are in fact attracted to the increase of the business and support every time feasible.
Some suppose the word ‘mentorship’ has been abused in India. “Mentors in India are overrated. basically, ninety% of the time an entrepreneur takes the name of someone as a mentor because it sounds respectable. on occasion an angel investor puts in money and leaves however is credited as a mentor,” says Somdutta Singh, vice-chairperson of Nasscom Product Council and a member of the core administration committee of girls Entrepreneurial telephone, NITI Aayog. She says many incredibly-valued startups in India grew through inserting big names as mentors after they had been beginning but the relationship wasn’t really one in every of nurturing and advising.
If entrepreneurs get a “skilled mentor”, it comes for a monthly price. Singh herself is a mentor to startups via her consulting firm and her roles at Nasscom and Niti Ayog and fees a charge for her time.“just a few accelerators charge startups charges each month for an hour of mentoring, but mentorship isn’t consultancy provider. which you can’t pay them by using the hour,” says Ishan Singh, who has led three investments and is a mentor to 10 startups, including WeDoSky and PeeBuddy. He become previously a mentor to the founders of 91 Springboard. An advisory equity stake, constantly 1-5% within the enterprise, helps the mentor be utterly aligned to the growth of the enterprise, he says.There are still risks though. PeeBuddy co-founder Deep Bajaj remembers the time a “mentor” disappeared after inquiring for a 2% stake in the enterprise. “fortunately we hadn’t issued it. but i know many startups who haven’t been as lucky,” he says.To counter this, in Israel, its innovation authority has a formalised mentor-mentee programme, which ensures that the individuals signing up as mentors are tracked online for the number of hours spent assisting startups. Nasscom’s Deep Tech membership has all started an analogous programme with legal professionals, accountants and entrepreneurs appearing as mentors, and they need to visit the startups twice a week.
So how does one select the foremost mentor? Somdutta Singh has an ‘paintings’ —Aspiration-Responsiveness-Transition — for it. “The startup’s aspiration should healthy the mentor’s. Responsiveness is helping them connect with the appropriate individuals. Transition is to help startups develop. A mentor may still do all these,” she says.Verma says a startup should have a clear purpose and define specific results for the relationship. Ishan Singh, too, advises startups to spell out the expectations they have got from the mentor and to do wide research before signing one on. Mentors should be sincere ample if assist they can’t support, Singh says. “I even have declined somewhat a few startups as a result of I don’t consider i am the right grownup to help them,” he says.