Bridging the gap: how B2B ecommerce startup Udaan seamlessly connects India and Bharat

  • The founders – Sujeet Kumar, Amod Malviya, and Vaibhav Gupta, who were formerly with Flipkart, understood the big picture of India’s retail industry.
  • Udaan is enabling this business to business (B2B) transaction, bringing together all participants onto a single platform – be it the wholesaler, distributor, producer, and the small retail shop owner.
  • The shift towards digital payments and a single tax structure created a smoother road.
  • These range from inefficient price discovery where both the producers and end consumers are either getting paid low or paying higher, lack of access to markets, unreliable logistics infrastructure, and lack of transparency, especially when it involves money.
  • They say Amod operates at a different level when it comes to technology and Sujeet created a huge category of large appliances business from scratch at Flipkart.
  • Here, the technology platform created by Udaan is able to accurately predict the demand for various categories of food and non-food items and source the right supplier.

Read full article: yourstory.com

How agritech startup Harabaag organises the post-harvest supply chain using micro-level crop data

  • Harabaag (meaning ‘green garden’ in Hindi) is a B2B network of farmers, farm input manufacturers and dealers, traders and exporters, and last-mile retail buyers.
  • Mohnish Sharma, Founder and CEO, HarabaagCapturing crop data of 120,000 farmersThe startup claims to have captured data of over 1.2 lakh farmers.
  • Harabaag captures basic crop data from farmers on a mobile app used by local farm collectors.
  • To achieve that, it deploys local collectors (sanchalaks), who visit farms and capture data on a mobile app.
  • Harabaag deploys sanchalaks (village-level entrepreneurs) to visit farms and collect crop data.

Read full article: yourstory.com

Believe in yourself – your startup fix for the week

  • He can go ahead and do anything as long as he believed in himself,” said William Wrigley Jr., Founder of Wrigley Company.
  • Embodying this spirit, college dropout Arshi Khan started her online career counselling platform with Rs 25k and made Rs 30 lakh in 3 months.
  • Bhopal-based CollegeKhabri is an online, end-to-end college and career counselling platform for students from Tier II and III India.
  • The startup claims to have counselled 1,700 students within three months.

Read full article: yourstory.com

[YS Exclusive] Why San Francisco’s coding bootcamp Lambda School is placing its bets on India

  • A 2018 report by India Skills says around 48 percent of engineers in the country are unemployed.
  • Austen Allred, Founder of Lambda School says that Indian employers keep saying how the university and college system does a poor job of preparing graduates for the workforce.
  • The Lambda school team with the studentsIn a conversation with YourStory, the entrepreneur says, ” A lot of the freshers end up working at companies like Wipro, TCS, and Cognizant that do supplemental training through offshoring staffing.
  • Austen Allred (second from right) with the Lambda team in Washington DC.Austen says, ” If 11,000 people join MIT every year across all categories, only 100 or 200 software engineers graduate out of it.
  • As per the agreement, a student who attends Lambda School, if and when get a job with an annual salary of at least $50,000, they would pay the school 17 percent of their income every month, for two years.
  • In October the same year, Lambda School raised $14 million in its Series-A round from Google Ventures (GV) and San Francisco-based payments company Stripe.

Read full article: yourstory.com

Africa’s top mobile phone seller Transsion lists in Chinese IPO – TechCrunch

  • Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch.
  • Transsion issued 80 million A-shares at an opening price of 35.15 yuan (≈ $5.00) to raise 2.8 billion yuan (or ≈ $394 million).
  • Transsion’s IPO prospectus is downloadable (in Chinese) and its STAR Market listing application available on the Shanghai Stock Exchange’s website.
  • In August, Transsion funded Future Hub teamed up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups.
  • Transsion’s Future Hub and Kenya’s Wapi Capital partner on Africa fund

Read full article: techcrunch.com

PayNearby: Giving retailers a new identity

  • The success of the model lies not only in the 10 lakh-plus transactions that it clocks daily or the monthly GTV of Rs 4,000 crore-plus, but in the social reach of the platform across 16,700 pincodes in the country, helping uplift both the retail community and consumers in those areas, thereby helping access to the government’s DBT disbursements in an easy manner,” says Anand Kumar Bajaj, founder and CEO, PayNearby.
  • ” The work done by PayNearby has enabled financial inclusion worth `775 crore through 35 lakh transactions in the month of June alone, to the citizens of the 115 aspirational districts, identified by Niti Aayog as the poorest districts of the country,” says Bajaj, who has held various positions at EY, ICICI Bank and Yes Bank, before embarking on his entrepreneurial journey.
  • With this hypothesis, PayNearby was set up to provide the last mile access of basic financial services to India’s large underserviced population,” he informs.
  • PayNearby has successfully enabled Digital Pradhans to provide many essential services to their local communities, including Aadhaar banking, bank savings, insurance, access to government schemes and many more.

Read full article: financialexpress.com

India, Aware, and More in This Week’s Top Biometrics Stories Roundup

  • The biometrics industry spans across a wide range of technologies and sectors, and this week’s roundup of FindBiometrics’ top news stories runs the gamut.
  • First up is news about an extra-early round of funding for India-based digital identity startup Syntizen Technologies.
  • Onfido Provides Biometric Identity Verification for Agora e-Voting Platform
  • The post India, Aware, and More in This Week’s Top Biometrics Stories Roundup appeared first on FindBiometrics.

Read full article: findbiometrics.com

Business Mint rewards 75 achievers with Nationwide Awards -2019

  • Buoyed by the overwhelming response to the first two editions, the organizers have gone national with the institution of Business Mint Nationwide Awards-2019 to add colour to the prestigious award.
  • Keeping the atmosphere in a celebrity tempo was the reception accorded to the 75 personalities chosen for this year’s awards.
  • The ceremony held at Hyatt Place in Banjara Hills on Sunday was well-attended and there was all-round praise for Business Mint management for the manner the winners were chosen from amid a massive competition among the contenders.
  • he said this would be a morale-booster and help ignite the minds of several others.

Read full article: apnnews.com

Infosys’ Kris Gopalakrishnan Asks Startups To Go The IPO Way

  • Infosys cofounder Kris Gopalakrishnan, sharing the journey of the tech giant, cautioned startups from taking too much risky money from external sources.
  • He advised such businesses to take up the initial public offering (IPO) way and be independent to make choices.
  • Talking to the Rotary Club of Madras, Gopalakrishnan said external funding comes with the loss of authority of decision making.

Read full article: inc42.com

Playfit SW75 smartwatch launched in India at Rs 2,999

  • A Delhi based smart wearable and audio technology startup Play, announced the launch of its first smartwatch Playfit SW75 in India.
  • Commenting on the launch, CEO and founder of Play, Sandeep Banga, said, ” We are excited to launch Play in the India market.
  • The Playfit SW75 comes with nRF52840 SoC which it claims is one of the most advanced chipsets from the Nordic family which gives the smartwatch an extra edge and exceptional working time up to 15 days and battery time of more than 47 days with its 210mAh battery.
  • With its slim stainless-steel casing design, real time Heart Rate monitoring, step pedometer, sleep monitoring, up to 14 different sports modes, a unique female health care feature and vibrating SNS alert, the SW75 provides for a smartly connected consumer experience.

Read full article: bgr.in