Friday, April 29, 2016

April 29, 2016 - 1,000 startups likely to get funded this year, deal size may drop: Report

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
It costs a bank Rs 48 to handle a bank premise-based transaction, Rs 18 to handle an ATM transaction and Rs 1 to handle a mobile-based transaction. Banks clearly have an incentive to get people to transact on the mobile phone. Mobile wallet startups like PayTM, given their technology advantage, lack of legacy, and wide network of merchants and consumers, are well positioned to overtake traditional banks when it comes to mobile transactions. RBI's Unified Payment Interface (UPI) promises to make it easier for consumers to use their mobile phone to transact with merchants. Add in the PM's Jan Dhan Yojana and India has an opportunity to get the 200 million plus unbanked into the banking system - through the mobile phone! How quickly we move to a cashless economy will depend on ease of use (still some work to be done here) and marketing and communication that informs and builds trust - Comment


Digital
1,000 startups likely to get funded this year, deal size may drop: Report
1,000 startups  likely to get funded this year, deal size may drop: Report - News
There have been 255 deals till mid-April this year and going by this rate, the number of startups that may receive funding this year is likely to reach the 1,000 mark.


Property Listing: Godrej Infinity, Keshav Nagar, Pune
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Luxury 2/3 BHK apartments, from Rs 38 Lacs - Rs 92 Lacs.

 


Digital
Down rounds not bad if business model is right: Paytm’s Vijay Shekhar Sharma
Down rounds not  bad if business model is right: Paytm’s Vijay Shekhar Sharma
The era of easy money is over for startups and valuations are coming down to more realistic levels as investors tighten the purse strings. How should entrepreneurs tackle the tough times ahead? Develop a thicker skin, don’t follow others blindly and seek to solve a larger problem. Those were amo


Digital
Online doctor consultation platform DocsApp gets $1.2 million in seed funding from Facebook's angel investors
Doctor consultation app DocsApp has secured seed investment of $1.2 million (Rs 8 crore) from investors led by Japanese venture capital firm Rebright Partners. Early Facebook investors Anand Rajaraman and Venky Harinarayan also invested in this round, DocsApp said in a statement. The startup will use the funds to expand its operations, recruit talent and develop technology. The app, run by Phasorz Technologies Pvt. Ltd., was founded in 2015 by IIT Madras alumni Satish Kannan and Enbasekar Dinadayalane.


Property Listing: Goyal Orchid Whitefield, Bangalore
pinclick
1/2/3 BHK apartments, starting from Rs 35 Lacs.

 


Digital
Auto online marketplace Droom to raise Rs 200 crore
Auto online marketplace Droom  to raise Rs 200 crore
To expand to South-East Asia, Europe


Digital
CarDekho parent Girnarsoft acquires SaaS firm Connecto; hires LetsIntern co-founder Mayank Batheja
CarDekho parent Girnarsoft  acquires SaaS firm Connecto; hires LetsIntern co-founder Mayank Batheja
Jaipur-based Girnar Software Pvt Ltd, which owns auto portals CarDekho.com and Gaadi.com, has acquired SaaS-focused startup Connecto in a cash-and-stock deal. The acquisition will help Girnar leverage Connecto’s tools to improve user experience across all its websites and apps. Queries sent to


Digital
Internet is about to overtake TV, radio, and print combined in China: Report
China, with its 688 million internet users, is about to hit another major milestone in its shift to digital. This year, the amount of time that adults in China will spend with digital media every day will surpass the time they spend with traditional media for the first time, according to new data from eMarketer.

 


Retail
Slow network and informal retail structure in India holding Apple back, claims Tim Cook
Slow network and informal  retail structure in India holding Apple back, claims Tim Cook - Firstpost
India presents a “really great opportunity” for Apple but slow networks and the informal retail structure there is preventing the tech giant from realising its full potential, its CEO Tim Cook said as the company’s revenues plunged for the first time in 13 years.

Retail
ICRIER report: Multi-brand FDI is the key to getting investments in food sector
ICRIER report:  Multi-brand FDI is the key to getting investments in food sector - Hindu Business Line
‘But global retailers cannot change biz models to meet India’s conditions’

Retail
Modern retail grinds to a halt, almost
Modern retail grinds to a halt,  almost - Economic Times
The modern retail trade recorded one of its slowest-ever sales growth in 2015 as consumers cut back on discretionary spends at supermarkets amid an economic slump.

Retail
Genuine threat or over-confidence? Patanjali will shut the gate in Colgate, make Nestle's bird disappear: Baba Ramdev
Genuine threat or  over-confidence? Patanjali will shut the gate in Colgate, make Nestle's bird disappear: Baba Ramdev - Economic Times
The Ayurveda-based company, which has been growing exponentially in the last four years, plans to venture into exports and e-commerce this year.


Telecom
GSMA Urges India's Telecom Commission to Reduce Spectrum Prices

"The GSMA is concerned that, if the Telecom Commission maintains the current reserve ...

 


Telecom
Telenor Hints at India Exit; Runs Up Huge Operating Loss
Telenor Hints at India Exit;  Runs Up Huge Operating Loss - NDTV
The Indian arm of Telenor is also looking to expand its 4G footprint, but the company said it will have to rethink if it cannot get spectrum at reasonable price


Telecom
Bharti Airtel's surprise results impress analysts
MUMBAI (NewsRise) -- Bharti Airtel, India's biggest mobile phone operator, reported a better-than-expected 3% rise in fourth-quarter profit, as additi

 


Telecom
India's 'panic button' rule will raise cost of mobile handsets
India's  'panic button' rule will raise cost of mobile handsets - Asia Times
Amid worries that government's move to make panic button mandatory will increase cost of mobile handsets, telecom minister Ravi Shankar Prasad said he will take up the issue up with the industry.



Finance
Govt invites merchant bankers for stake sale in OIL, NFL, RCF
Govt invites merchant bankers  for stake sale in OIL, NFL, RCF - Livemint
Govt intends to sell 15% stake in NFL, 5% stake in RCF and 10% stake in OIL


Finance
High-speed trading backlash ramps up pressure on Sebi
High-speed trading backlash  ramps up pressure on Sebi - Livemint
Sebi is coming under increased pressure to improve its oversight of high-speed trading after allegations of unfair access at the nation’s biggest equity bourse


Finance
Can India get 1 billion online by 2020?
Can India get 1 billion online  by 2020? - Livemint
Here’s a look at the challenges that need to be addressed to ensure that a billion Indians are connected to the Internet by 2020


Finance
Under ED's Karti Chidambaram scanner: 2 top VC firms with a revolving door between them
Under ED's Karti  Chidambaram scanner: 2 top VC firms with a revolving door between them - The Indian Express
In 2005, it raised funds to the tune of US $200 million. This came from WestBridge Ventures II LLC, Mauritius.




Software
Facebook's revenue rises more than 50% as mobile ad sales surge
Facebook's  revenue rises more than 50% as mobile ad sales surge - News
Zuckerberg said users were spending more than 50 minutes per day on Facebook, Instagram and Messenger, a huge amount of time given the millions of apps available to users.


Software
Automation to improve IT industry's productivity : IT firms may see lower hiring
Automation to  improve IT industry's productivity : IT firms may see lower hiring
Latest figures are a clear sign that Indias IT cos are succeeding at ‘non-linear growth, where revenues rise disproportionately compared with hiring.


Software
Cognizant buys 49% stake in US-based consulting firm ReD Associates
Cognizant buys  49% stake in US-based consulting firm ReD Associates - Times of India
IT major Cognizant on Thursday said it has bought a 49% stake in consulting firm ReD Associates, but did not disclose the terms of the investment.


Software
Why Cisco's John Chambers is bullish on India?
Why Cisco's John Chambers  is bullish on India? - Fortune
Chambers confident India will become a technology powerhouse.



Ecommerce
Gujarat High Court issues a notice to the state Government on a petition filed by Flipkart against the entry tax on online sale
Gujarat High Court issues a  notice to the state Government on a petition filed by Flipkart against the entry tax on online sale - Economic Times
Flipkart has claimed the tax is discriminatory, because no such tax is imposed on the goods brought into Gujarat thorough other modes of sale.

Ecommerce
Housing co-founder Advitiya Sharma launches an education start-up, Genius, which provides software for neighbourhood tutors to make learning more effective
Genius, run by Genius Learning Labs Pvt. Ltd, will offer neighbourhood tutors content and software that adapt to each child’s learning abilities

Ecommerce
Shopmatic launches operations in Singapore and Hong Kong, aimed at helping SMEs and individual entrepreneurs go digital and tap full potential
The startup offers all-in-one e-commerce solutions commission free, enabling business owners to build and manage their businesses online, unlike 15 pe..


Franchise

Franchise
Franchisee Journey: Rags-to-riches stories from DTDC, India
DTDC has carved a niche for itself in the market as a company that 'Builds Life' by creating job prospects for thousands along with entrepreneurial opportunities for many more. Today, DTDC has more than 5800 channel partners across India, and more than 80 percent of these franchises are run by first-time businessmen, who are often under-graduates and from under-privileged backgrounds.

 


Franchise
With franchising make sure you know what you’re in for
With franchising make sure you  know what you’re in for - Entrepreneur
Before taking the leap make sure you've thoroughly researched every nuance of this business model.



HR
India's rise prompts fresh hope, new fears
India's rise prompts fresh  hope, new fears - The Straits Times
Launching my book India Rising: Fresh Hope, New Fears last week, Emeritus Senior Minister Goh Chok Tong drew a subtle distinction between a rising India and a shining one. For the latter to happen, he said, India must proceed steadily down the path of economic reform, development and modernisation. It must, in particular, pay greater attention to the development and skill training of its workforce in order to find jobs in the future economy.. Read more at straitstimes.com.


HR
10% rise in China apparel prices would create 1.2 million jobs in India: World Bank report
10% rise in China apparel  prices would create 1.2 million jobs in India: World Bank report - The Indian Express
For India to meaningfully cash in on the gradual shifting of China from the apparel sector, it needs to move quickly to ease barriers to the import of man-made fibres, facilitate access and encourage investments


HR
No Jobs Nirvana: India May Have Missed The Manufacturing Bus Altogether
No Jobs  Nirvana: India May Have Missed The Manufacturing Bus Altogether - Swarajya
Even if PM Modi’s Make in India succeeds, it will not bring with it a huge expansion in employment.


HR
Govt insists on 80% jobs for sons of soil
When the Devendra Fadnavis-led BJP government recommended the case of Reliance Defence Ltd (RDL) for setting-up of a unit in Mihan (multimodal international cargo hub and airport) at Nagpur to the Board of Approvals under the special economic zone Act, it was made clear that the unit will have to give employment to locals.



Logistics
Air India flight carrying 100 passangers makes emergency landing at Delhi airport due to a technical snag
Air India flight carrying 100  passangers makes emergency landing at Delhi airport due to a technical snag - Daily News Analysis
Air India flight makes emergency landing at Delhi airport - Reason: Technical snag.


Logistics
Mumbai airport to skip customary global practise for a new flight, a water cannon salute for the A-380 due to drought in Maharashtra
Mumbai airport to skip  customary global practise for a new flight, a water cannon salute for the A-380 due to drought in Maharashtra - Times of India
Severe drought situation in Maharashtra state has forced Mumbai airport to abandon the practice of water cannon salute for welcoming new planes.


Logistics
Green Channel, GST to attract investment from UK in food supply sector
Green Channel,  GST to attract investment from UK in food supply sector - Business Standard
The Indian government needs to hasten various policy and regulatory reforms like right compensation for land acquisition, liberalization of FDI in multi-brand retail, implementation of Good and Service Tax (GST) and 'Green Channelling' for agri


Logistics
Air India Express likely to become a Star Alliance connecting partner
Air India Express likely to  become a Star Alliance connecting partner - Livemint
The subsidiaries may not receive a full-fledged membership but a limited one under a new category called connecting partners



Construction
SEBI property sale key for Sahara chief Subrata Roy's future
SEBI property sale key for  Sahara chief Subrata Roy's future - ET Realty
Sebi mandated the sale of the properties after Sahara failed also to deposit the Rs 10,000 crore that the Supreme Court had set as a condition to free..


Construction
Bridge to Sagar Island will be constructed by NHAI
Bridge to Sagar Island will be  constructed by NHAI - ET Realty
The bridge, a pre-requisite for any port facility on the island, will be built at a cost of nearly Rs 2,800 crore


Construction
20,000 from Kolhapur apply for Centre's housing scheme
20,000 from Kolhapur apply for  Centre's housing scheme - ET Realty
The Centre floated the scheme called the Pradhan Mantri Awas Yojana, also known as Housing for All by 2022 scheme — after scrapping the previous gov..


Construction
Construction permits in Delhi, Mumbai via online mode from October
Construction permits in Delhi,  Mumbai via online mode from October - ET Realty
The present system of both online and manual procedure will continue till then



Marketing
From A Listicle Site To A Large Internet Media Company : How ScoopWhoop Is Re-Inventing Itself
From A Listicle Site To A Large  Internet Media Company : How ScoopWhoop Is Re-Inventing Itself - Lighthouse insights
For an Indian parent his child always remains a little kid, even if he is 50 years old. Salim Khan, father of Salman Khan is going all guns in justifying why his son is the perfect choice as the Go…


Marketing
Adobe sees huge digital marketing potential in India : Report
Adobe sees huge digital  marketing potential in India : Report - Times of India
India is one of the leading countries for Adobe's revenue generation in digital marketing globally, a senior executive of Adobe Systems India Pvt Ltd said here on Wednesday, adding that the Asia Pacific region is the fastest growing market for the company and stands among the top 10 markets in the world.


Marketing
6 trends that will rule B2B marketing in 2016 : Report
Each year, the trends and best practices change and you need to work hard to keep up. There are some prominent trends in B2B marketing for 2016


Marketing
Five must-know retail trends in mobile and social marketing
Five must-know retail trends in  mobile and social marketing - Businessinsider India
BI IntelligenceGrowth in smartphone and social media usage is setting the basis for all types of retail marketing trends. In a new report from BI Intelligence,



Politics
In Bengal, Left And Congress Are Struggling To Make Their Awkward Marriage Work
In Bengal, Left And Congress Are Struggling To Make Their  Awkward Marriage Work
Someone please fire the DJ. It’s a cliché but understandable that the muzak of choice for a political rally in Kolkata will be Rabindrasangeet. And so it was for the “histor


Politics
Don't Call Bhagat Singh, Chandra Shekhar Azad Terrorists, HRD Ministry Tells Delhi University
Don't Call Bhagat Singh, Chandra Shekhar Azad Terrorists, HRD  Ministry Tells Delhi University
The Union Ministry of Human Resource Development (HRD) has asked the Delhi University to make corrections in a text book that described freedom fighters such as Bhagat Singh and Chandra Shekhar Azad a


Politics
Names of bribe-takers in VVIP chopper deal must come to light: Rajnath Singh
Names of bribe-takers in VVIP chopper deal must come to  light: Rajnath Singh
Union Home Minister Rajnath Singh on Thursday said names of those who have taken bribes in Rs 3,600 Cr VVIP AugustaWestland chopper deal must come to light.


Politics
Battle of Bhawanipore: Why Mamata Banerjee’s seat has become the centre of all attention
Battle of Bhawanipore: Why Mamata Banerjee’s  seat has become the centre of all attention
The fifth phase is on 30 April (Saturday) and it is only on Monday that Mamata Banerjee held her first rally in Bhawanipore.



Sports
IPL 2016: Mumbai do what they do best- beat KKR
IPL 2016: Mumbai do what they do best- beat KKR
Pollard blasts 17-ball 51* and Rohit scores 68* as the defending champions make it 2-0 this season against last year’s runners-up.


Sports
IPL 2016, RPS vs GL: Faf Du Plessis out of IPL, Supergiants bring in Usman Khawaja
IPL 2016, RPS vs GL: Faf Du Plessis out of IPL, Supergiants  bring in Usman Khawaja
As Pune have included Usman Khawaja as a replacement for Faf Du Plessis, GL may still not include Aaron Finch as he recovers from his hamstring injury.


Sports
At end of long journey, Dutee Chand’s 100-m record burst
At end of long journey, Dutee Chand’s 100-m record  burst
Equally impressive was that Chand was just a whisker away from becoming the first Indian woman to qualify for the 100 metres at the Olympic Games since Qualifying Standards were introduced two decades ago.


Sports
Sprinter Amiya Kumar Mallick hits a speed breaker
Sprinter Amiya Kumar Mallick hits a speed breaker
During the semis Amiya Mallick strained his hamstring. The injury wasn't bad enough to stop him from running but it meant he won't be at his best.



Entertainment
Took liberty to up entertainment quotient in Azhar: Emraan Hashmi
Took liberty to up entertainment quotient in  Azhar: Emraan Hashmi
Emraan Hashmi says the makers took the liberty to increase the "entertainment quotient" in Azhar.


Entertainment
I bring honest characters to the audience: Manoj Bajpayee
I bring honest characters to the audience: Manoj  Bajpayee
Manoj Bajpayee believes that he always brings honest characters in front of the audience through his films.


Entertainment
Farhan Akhtar slams media for taking Milkha Singh’s views out of context
Farhan Akhtar slams media for taking Milkha Singh’s  views out of context
Farhan Akhtar, who brought the life of Milkha Singh to the silver screen with "Bhaag Milkha Bhaag",extended his support to Milkha, saying he is "completely entitled" to have his opinion.


Entertainment





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