Etailers Want Six Months To Comply With ‘Country Of Origin’ Rule


via Etailers Want Six Months To Comply With ‘Country Of Origin’ Rule

STARTPRENEUR – fav newsletter


Morning Briefing (9 Min Reading Time)
Top news & stories of the startup ecosystem from India & around the world
After the failed merger of budget hotel aggregator ZO Rooms and the new unicorn in the block, hotel aggregator OYO, the companies continue to be stuck in a legal trouble and the matter has now reached Supreme court. And now, the Supreme Court in its order dated September 19, 2018 has accepted the arbitration petition by ZO Rooms.
Amid discussions on the Supreme Court verdict on the constitutional validity of Aadhaar Act, the real action is happening at the Unique Identification Authority of India (UIDAI) which is now trying to manage several processes which were dependent on Aadhaar as the Supreme Court barred private companies from using Aadhaar to validate the identity of customers.
In another move to encourage adoption of electric vehicles, the Indian government is reportedly planning to introduce tradable auto-emission coupons for automakers. This move is aimed at encouraging the automakers to make electric vehicles and its infrastructure economically viable right from the beginning.
Fact sheet by Inc42 Datalabs.
The reason behind rising cost of advertising on Facebook is that the growth of impressions on the platform hasn’t kept pace with the rise in the number of advertisers that have come onboard Facebook. The cost has been increasing since 2015-2016 and has doubled since last year. Know what could be the other reasons behind it.
In the 22nd episode of Inc42 Ask Me Anything (AMA), we hosted Vishal Gondal, the founder-CEO of GOQii, who spoke to us about gaming, fitness, how GOQii is gamifying fitness, and a lot more. Gondal said 99% people fail at their goals while using fitness and weight loss apps because they lack human motivation.
IOT Banner
In what looks like a European first, the London-based early-stage venture capital firm Balderton Capital is announcing it has closed a new $145 million “secondary” fund dedicated to buying equity stakes from early shareholders in European-founded “high growth, scale-up” technology companies.
Apple CEO Tim Cook revealed a bit more of the behind-the-scenes decision-making that resulted in conspiracy theorist and alt-right figure Alex Jones’ widespread tech platform ban last month in an interview on HBO’s Vice News Tonight this evening. Read what Cook said about the decision to remove podcasts operated by Jones.
Coinbase is finalizing a deal that would value the company at about $8 billion, a transaction that would make Coinbase one of the highest-valued startups in the U.S. and help further legitimize the entire cryptocurrency industry. The company is in talks with Tiger Global and its current shareholders for an investment of up to $500 million.

Women in Leadership: Finding and Leveraging Allies and Mentors


via Women in Leadership: Finding and Leveraging Allies and Mentors

Startpreneur’s Fav Newsletter


Inc42 Logo
OYO Raises $1 Bn At $5 Bn Valuation To Solidify India Position, Expand Global Footprint
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.
vibrant Gujarat startup summit 2018
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.
IOT Congress
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.
Read More Top Stories On Inc42

SME Platform – JetAirways GlobalLInkers


Dhananjay, here is what’s trending this week on Jet Airways GlobalLinker
Trending Articles
Trending Discussions

3 Cold Calling Mistakes that Trigger Rejection


 

Word Count:
710

Summary:
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.

Characteristics Of A Successful Entrepreneur


 

Word Count:
427

Summary:
Studies have shown; successful entrepreneurs possess three characteristics:

 

Keywords:
entrepreneur,franchise,jobs,careers,mentoring,coaching,marketing,small business,at home business
Studies have shown that successful entrepreneurs possess three characteristics:

  1. Self-confidence

It is that magical power of having confidence in oneself and in Entrepreneur’s powers and abilities.

  1. Achievement Oriented

Results are gained by focused and sustained effort. Entrepreneurs concentrate on achieving a specific goal, not just accomplishing a string of unrelated tasks.

  1. Risk Taker

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!

 

Jet Airways GlobalLinker | The Big Business Advantage


via Jet Airways GlobalLinker | The Big Business Advantage

4 Rules For Startrepreneurs – Practical Tips For Starting Right


Word Count:
424

Summary:
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.
Keywords:
Product,sourcing,ebay,ecommerce,dropship,ebiz,entrepreneur,blog
Article Body:
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!

Monday Mentor: Startpreneurs : Title:  ìWhy Business Credit Is A MUST For Every Business Owner!î


 

Word Count:

531

Summary:

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.

Keywords:

business credit, corporate credit, unsecured business line of credit, business line of credit, start up capital

Article Body:

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?

-Declaring bankruptcy?

-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!

Creativity: Random Inputs generated this morning for today


Quick and Dirty

Meaning:

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

Meaning:

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

Meaning:

To ruin someone’s happy moment.  No I did not and will not do that.

Break The Ice

Meaning:

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

Meaning:

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

Meaning:

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

Meaning:

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.

 

Startpreneur news from my fav Newsletter


Inc42 Logo
News Roundup: 11 Indian Startup News Stories That You Don’t Want To Miss This Week
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.
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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.”

I liked this parable : Mathew 13


The Parable of the Sower (sometimes called the Parable of the Soils) is a parable of Jesusfound in the three Synoptic Gospels in Matthew 13:1-23, Mark 4:1-20, and Luke 8:4-15.

In the story, a sower sows seed and 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 contained thorns. 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.

Sad but true! It happens.

Gardener then moves on too…

Best Stories for Startpreneurs, SMEs.


Monday Wrap | 23rd July 2018

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

I like this as Startpreneur Resource.


INDIA EDITION

Disruption is dead. Long live the hyper-scalable
Disruptive innovation has had its day, says Professor of Entrepreneurship Omar Mohout. What businesses need to succeed now is hyperscalability. READ MORE
MORE INSIGHTS AND INSPIRATION
PRODUCTIVITY
SO MUCH TO LEARN: HOW TO HACK YOUR BRAIN
Experts say formal education is failing to prepare people for the modern world. Here’s how to harness your secret learning skills.
READ MORE
TRENDS
EMBRACE AUTOMATION: THE ROBOTS ARE ALRIGHT
The robots are coming to take our jobs – but is that really a bad thing? Find out how automation will transform the way we think about work.
READ MORE
“Surround yourself with people who think differently to you, who know different things, who come from a different background. Be aware of too much like-mindedness, too much groupthink”
OVERLOADED? YOU NEED TO EMBRACE SOCIAL HEALTH
VOICES
TALENT WITHOUT BORDERS: A BRAVE NEW WORLD
You want to hire the best, no matter where they might be. And in this increasingly global world, geographical borders should be no deterrent.
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VOICES
OVERLOADED? YOU NEED TO EMBRACE SOCIAL HEALTH
We’re more connected than ever before, so why do we feel so isolated? Networking guru Julia Hobsbawm reveals the surprising answer.
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VOICES
PRODUCTIVITY AT WORK: SHARE YOUR VIEWS FOR A CHANCE TO WIN A SMART VOICE ASSISTANT
What makes you more productive in your workspace? Take our five-minute survey and you could win your choice of the latest voice assistants.
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Startpreneurs Fav Newsletter from Inc.42 I like this.


Morning Briefing Top news & stories of the startup ecosystem from India & around the world
12 Min Reading Time
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.
Fact sheet by Inc42 Datalabs.
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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.
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My Fav Newsletter I subscribed for Entrepreneurs/ Starups


Morning Briefing Top news & stories of the startup ecosystem from India & around the world
10 Min Reading Time
Good morning dear reader!
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%.
Factsheet  by In42 DataLabs
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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.
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“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.
Slack announced today that it has acquired Robots and Pencils’ Missions, an app that allows Slack users to build tools to automate simple routines without code. Terms of the deal weren’t disclosed.
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.

YS morning Buzz newsletter I like


Daily Capsule | 18th July

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.

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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.

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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.

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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.

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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.

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At My Age, We Don’t Slow Down. We Speed Up !


I am a Senior Citizen. We don’t need any qualification to become one . Just live 60 years of life and you become one 🙂

Many of mentees/Coachees complain to me that they can not cope up with Jay. He is too fast paced and his Speed of delivery is phenomenal.  Jay spent good 25 years in the Speedy, Express Delivery business with TNT and in his own Enterprise.  It has to have its impact on his life. But the point of this article is not that. It is a wonderful quote I read from The World Tennis Champion which is very motivating:

“At my age, I see the finish line. And when you see the finish line, you don’t slow down. You speed up.” —Serena Williams

I have watched her and her sister play Tennis on TV and their Speed, Stamina, aplomb, Self Confidence and the Spirit to Win is phenomenal.