Startups that put money to work

  • The app gives me an overview of all my investments and I can see the rate at which they are growing any time,” Thakkar says.
  • Young, skilled and earning handsome salaries, millennials are getting smart about how to make their money grow without spending too much time on it.
  • so it’s important to focus on the basics like setting up an emergency fund, buying life insurance and health insurance,” Satyen Kothari, founder of Cube, explains.
  • Firms like FundsIndia and Scripbox were in the fray, and new ones like Kuvera, which used algorithms to assess risk profiles of users to make investment decisions, had just come up.
  • While Sqrrl works on the lower end of the pyramid, Cube has set its sights on the higher end, as the tech set gets rich quick.

Read full article: livemint.com

India’s richest man is ready to take on Amazon and Walmart’s Flipkart – TechCrunch

  • As Amazon and Walmart-owned Flipkart spend billions to make a dent in India’s retail market and reel from recent regulatory hurdles, the two companies have stumbled upon a new challenge: Mukesh Ambani, Asia’s richest man.
  • Reliance Retail and Reliance Jio, two subsidiaries of Ambani’s Reliance Industries, said they have soft launched JioMart, their e-commerce venture that works closely with neighbourhood stores, in parts of the state of Maharashtra – Navi Mumbai, Kalyan and Thane.
  • Both of the platforms have started to sell grocery items in recent quarters and are working on food retail, too.

Read full article: techcrunch.com

Asian market is targeted with new technology?

  • Reviewing and compile blockchain industry topic, updating market references and research environment.
  • Today, we are picking up Asian blockchain development at the industries.
  • HSBC said it executed a pilot blockchain letter of credit (LC) transaction in Malaysia, for the import of resin by Malaysia’s Simply Packaging from a Singapore company.
  • HSBC Malaysia acted as the issuing bank, and HSBC Singapore was the advising bank.

Read full article: medium.com

How this Delhi-based startup makes construction projects easier to deliver

  • To facilitate project managers and contractors to take to technology and data science to manage projects, startup Tracecost was founded in 2019.Tracecost’s project management automation solution offers significant benefits over the conventional way of working with manual processes.
  • company” Through our decades of experience in the infrastructure and construction domain, we observed that project owners around the world are increasingly demanding timely delivery of their projects from engineers and contractors.
  • The solutionToday, management of large construction projects involves multiple rounds of stakeholder feedback, quality control tests, and inputs from various members of the project team.
  • A cloud-based project management solution, it helps a construction project’s stakeholders, such as the engineers and contractors, get updates from the team, generate key reports, and raise triggers and alerts when problems are detected.
  • At present, teams use one software application to manage project tasks and resources, a second application to communicate updates and share documents, a third to track project time and expenses, and yet another to perform quality control checks.

Read full article: yourstory.com

Looking back at the Indian startup ecosystem in 2019

  • While competition got fierce in the smartphone sector with foldable phones launched by Samsung and Huawei, the startup ecosystem too got competitive.
  • According to YourStory’s nine-month funding report , homegrown Indian startups raised $7.67 billion in the nine months ended September 30, 2019, down by about four percent from the comparable period in 2018.
  • As far as the number of deals goes, startup funding deals were just three deals short of the total 606 deals seen in the comparable period last year.
  • At YourStory , we introduced new series such as The Turning Point, Behind the Scenes, which showcased never-heard-before stories of startups and entrepreneurs.

Read full article: yourstory.com

It’s time to celebrate

  • The proceedings began with a panel discussion on whether technology would take away jobs or help India leapfrog into the future, moderated by Sunil Jain, managing editor, Financial Express.
  • Sharad Sharma, co-founder, iSpirt Foundation, spoke of how, over time, Ayushman Bharat would provide reams of data on the health of individuals and, with their tests and other records digitised, AI could be used for preventive treatments.
  • Roopa Purushotha-man, chief economist and head of policy advocacy, Tata Sons, gave the example of how the Tatas had, with process changes, made the functioning of AIIMS and its doctors – in Delhi – more efficient and the same process could be applied to courts, for instance, to improve productivity.

Read full article: indianexpress.com

Telangana poised to establish itself in startup big league – INDIA New England News

  • Hyderabad– He will take charge from Suresh Reddy, CMD Brightcom Group as the TiE Hyderabad president effective January 1.
  • Pinnapureddy said that the recent initiatives taken by the central government and other states are gaining traction to support an active entrepreneurial eco-system in the country.
  • TiE Hyderabad Community will benefit immensely from Sridhar, a first-generation entrepreneur who built successful business models of global scale in the last two decades, Suresh Reddy said.

Read full article: indianewengland.com

Record nine startups get unicorn status amid shift in investor sentiment

  • India’s startup ecosystem created a record nine unicorns in 2019, despite sentiments turning cautious in the December quarter, according to a report from startup data tracker Tracxn.
  • Last year, eight unicorns had emerged in India, while in 2017 and 2016 there were 1 and 3, respectively, the report said.
  • Most of these unicorns were created in the first half of the financial year, or until September, when investors continued to be bullish on high-growth loss-making startups.
  • For instance, Mumbai and Bengaluru lost market share in the last three years, compared to 2014-16.

Read full article: livemint.com

Socure Named as Title Sponsor of Shaastra 2020 Student Tech Festival in Chennai

  • Socure , the leader in Day Zero digital identity verification, today announced that it has been named the title sponsor of Shaastra 2020 , the world’s first ISO 9001:2015 certified, wholly student-run tech festival, being held January 3-6 at IIT Madras in Chennai, India.
  • The four-day festival, which is celebrating its 20 th anniversary in 2020, fosters innovation through engineering across numerous industries.
  • Shaastra sessions include unique design and build challenges, machine learning workshops, technical forums, ” B-school-style” competitions, and a Socure-sponsored online Hackathon on January 3 rd at 1pm IST.
  • Socure is the leader in Day Zero digital identity verification technology.

Read full article: businesswire.com

YourStory’s Top 50 Disruptive Startups: Indian companies that dominated the news in 2019

  • In four years, Meesho has emerged as a disruptive retail distribution platform by empowering housewives, aspiring entrepreneurs, and students to launch, build, and promote their business online via social media, including Facebook, WhatsApp, and Instagram.
  • While social apps have seen a lot of traction in Bharat, social commerce is still in its early days in the country : while 300 million people use social apps like Facebook on a regular basis, less than 100 million of them buy online – trust and discovery being the biggest issues .
  • Led by its existing investors Sequoia Capital India and Tiger Global Management , CleverTap raised $26 million in Series B and $35 million in Series C funding rounds , raising its valuation to $385 million.
  • With a portfolio of over 1.8 GW of renewable energy projects in India, Avaada is one of the fastest-growing green energy firms, developing sustainable energy through its innovative utility and open access solutions in the solar, wind, rooftop, and hybrid energy markets.
  • SigTuple had raised Series C funding of $16 million in April 2019, with the round led by Trusted Insights, existing investors Accel Partners, Chiratae Ventures, and Pi Ventures, Flipkart Co-founder Binny Bansal, and Trifecta Capital.
  • Moglix specialises in B2B procurement, maintenance, repair, and overhaul of industrial products across categories like MRO, safety, electricals, lighting, cleaning, housekeeping, office stationery and supplies, hand and power tools, measurement tools, medical supplies, and more.

Read full article: yourstory.com