From the Editor's Desk So what is the definition of a startup? As per Paul Graham of YCombinator, a startup is a company that is designed to grow really fast (5-7% a week is an internal YC benchmark). That's it. Nothing else matters. Growth could be revenue or it could be active users. Of course, trickery like bribing users with more money than their lifetime value doesn't count. The beautiful thing about being narrowly focused on growth is that other factors like capital, talent and eventually revenues and profits generally follow if you have growth. But growth is elusive and is never smooth, even in the case of seemingly seamless journeys like that of Facebook or early days Twitter. These companies had to employ growth teams whose job was to ensure that user growth continued from millions of users to tens of millions to hundreds of millions. With Twitter user growth stalling and LinkedIn showing a drop in user engagement, their stock prices have taken a beating recently, so the thinking extends to Wall Street too - Comment
Ratan Tata invests in retail tech startup SnapBizz Ratan Tata invests in SnapBizz, 7th investment in a startup in 2016 so far - "In January 2016, SnapBizz had announced a Series A funding of $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures."
Delhi-based ecommerce marketplace, Snapdeal has raised about $200 Mn in a funding round led by Canada-based pension fund - Ontario Teachers' Pension Plan, Venture capital fund - Iron Pillar and Singapore-based investment entity - Brother Fortune Apparel. The deal is a mix of primary and secondary components.
Where dreams blossom: Woman helps disabled get jobs Viresh Maranavasa, 23, couldn’t finish college having failed in two subjects. Basuraj, 30, pursued a course to hone his computer skills but failed to land a job. Disheartened and directionless, the duo, both differently abled, was looking for a purpose in life. Thanks to NS Hema, 76, they have found one.
India needs localised innovation: Snapdeal CEO Indian entrepreneurs are solving problems for India and are not competing with businesses from China and elsewhere, Kunal Bahl, co-founder and CEO, Snapdeal said at a Make in India Week session on dis
Mumbai Police's Twitter handle gets a cool Bollywood twist : Report The Mumbai Police have been in the news for all the right reasons. The commissioner of police and the department’s social media account (@MumbaiPolice and @CPMumbaiPolice) have set a precedent on how we need to do away with the otherwise drab and condescending public service ads.