US-based Ebix Inc.'s is on an acquisition spree in India. The NASDAQ-listed software company has just struck its ninth deal in the country in just 11 months by acquiring a 60% stake in e-learning company Smartclass for $8 million. The latest bet shows the company has bigger India ambitions. Watch the video to find out. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 4259 News Corp VCCircle
At the age of 17, most youngsters don’t have any inkling of what their future would look like. Not Ritesh Agarwal. A year before his 18th birthday, Agarwal was managing his first hotel in Gurgaon. He started Oravel, an Indian version of the online rental site Airbnb, which later pivoted to budget hotels aggregator OYO Rooms. Today, the two-year old OYO Rooms is valued at $400 million. It recently raised $100 million (Rs 635 crore) in a fresh round of funding led by Japanese tech conglomerate SoftBank. OYO Room’s successful run has attracted several new players into the online aggregation space for budget hotels. “We are glad that there are 30 copycats of a brand that we created…But their only problem is that they can’t innovate like us,” Agarwal said in an interview with Techcircle.in. He claims that OYO Rooms has 90 per cent market share in the rooms aggregation play. OYO currently caters to over 15,000 rooms in 90 cities. With the fresh investment, the company is gunning for 50,000 rooms across 100 cities by the end of this year. Those offering a branded booking platform like OYO Rooms include Zo Rooms, ZiP Rooms and Wudstay, Zo Rooms, Zen Rooms and Ibibo’s goStays among others. A former executive of OYO Rooms has also plunged into the burgeoning budget hotels aggregation space by co-founding a new venture, Vista Rooms that could potentially compete with her previous employer. Ruling out the possibility of acute competition, Agarwal said that entry of new players will only solve the problems faced by guests and ensures standardisation. He suggested that small players would eventually have to consolidate in a bid to effectively compete with OYO Rooms. Agarwal, who hails from a small town in Southern Odisha, believes that factors such as standardisation, trust and assurance of quality, distinguish OYO from its competitors. “The form or size of rooms on our network may be different. However, in every room you will find a bed with satin cover, a 32 inch LCD TV and warm white light,” said Agarwal, one of few Indians to be selected for the prestigious Thiel fellowship. He also spoke highly of Softbank, OYO Rooms’ investor. The Japanese telecom and internet major, he claimed, has helped the startup with insights on how to build a company for the long-term. Watch the video for details on Agarwal’s journey and his ambitious plans for OYO Rooms…
Views: 97132 News Corp VCCircle
Valuing startups could be a tricky exercise as it is intrinsically different from valuing established companies. This is simply because of the high level of risk they are exposed to and often little or no revenues which make traditional quantitative valuation methods such as discounted free cash flow or P/E comparables almost useless. For the season 2 of the Classroom Show, we bring to you a video on decoding valuation of startups which is largely determined based on qualitative attributes. Watch the video to know more.
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Zishaan Hayath is no stranger to the Indian startup ecosystem. The IIT-Bombay alumnus co-founded his first company, mobile commerce marketplace Chaupaati Bazaar, in 2008. The firm was acquired in 2010 by Future Group, where Hayath then worked for about two years. In April 2013, Hayath co-founded Toppr.com. He also runs angel investment group Powai Lake Ventures. Over the past couple of years, he has invested in about a dozen companies including prominent ones such as Ola, Housing, Chaayos and BiteClub. Toppr is a test preparation platform for engineering, medical and secondary schools students. The platform covers exams such as IIT JEE and BITSAT in engineering; AIIMS, AIPMT and AFMC in medical; and NTSE and NSO, among others, at the secondary school level. In a conversation with Techcircle.in, Hayath talks about how he co-founded Toppr and the company’s product offerings. He also talks about his investment preferences and lends his views on the Indian startup ecosystem. Toppr recently claimed that about half a million students used the platform. Hayath says the company’s aim is to reach five million users by the end of 2016. “Right now, we are operating for 8 to 12 grades and want to expand to 5 to 7 grades. Once that happens, we want to go deeper into the market,” he said. Talking about the Indian startup ecosystem, Hayath said that 2016 won’t see the funding exuberance that was evident last year. “Founders and entrepreneurs should be more judicious with the money they have. The year 2016 will be tight on that front [funding]. But you still have an opportunity to build great products because there are a lot of customers in India waiting for great products,” he said. For more logon to vccircle.com/vcc-tv
Views: 7605 News Corp VCCircle
She started her first entrepreneurial venture when she was still in her teens. At 21, Ananya Birla feels she may now even back other entrepreneurs. The daughter of billionaire Kumar Mangalam Birla and wife Neerja Birla told Techcircle.in that she could be an angle investor as startup ventures excite her. “Startups is something I truly believe in. If there is an idea that can be impactful, profitable and sustainable at the same time, then why not,” she said on the sidelines of the Techcircle Payments Forum in Mumbai on Thursday. Ananya started Svatantra Microfin Pvt Ltd, a microfinance institution, in 2012 and officially launched it the next year. The initial seed capital of Rs 5 crore for the venture was provided by the Aditya Birla Group. “I realised that microfinance has huge scope; 68% of India is rural and there was an untapped market and a huge income gap. I recognised that there is an opportunity to create something that can impact the lives of others and is also profitable and sustainable,” she said. Ananya, a Masters in Economics and Management from University of Oxford, is also working on an e-commerce venture and said it will go live by the end of this year. However, she didn’t divulge any details. In February, the Business Standard newspaper reported that her startup would revolve around design and travel. So is she an entrepreneur or a budding angel investor? “I am an entrepreneur at heart,” she said. For more logon to vccircle.com/vcc-tv
Views: 64949 News Corp VCCircle
In an interview with Techcircle, Valerie wagoner, CEO, Zipdial talks about the expansion plans of the company.
Views: 2331 News Corp VCCircle
Maneet Gohil and Sanchit Govil, classmates since their Delhi College of Engineering days, first hit upon the idea of starting a rural artifacts focused e-commerce platform while studying at the National Institute of Industrial Engineering (NITIE) in Mumbai. The two set up lal10.com in July 2015, and soon the startup was sourcing products from 84 of the 744 craft clusters across the country. The startup also got the first prize at the 2016 IIT-B Eureka (business plan competition) which saw entries from 17,830 participants. “At Lal10, we focus on enabling commerce from various craft clusters of our country. We use technology to minimise the traditional problems in the handicraft sector and help international/ national bulk buyers to purchase authentic, handmade products,” says Gohil. In this video interview, Maneet Gohil, co-founder of lal10.com, speaks about the startup’s growth strategy, its business model and funding plans. For more logon to vccircle.com/vcc-tv
Views: 2061 News Corp VCCircle
Video analytics startup Vidooly Media Tech Pvt Ltd is on an upward trajectory. The company made its first acquisition in February 2016 and now plans to launch new products and partner with almost 15,000-20,000 content providers by the end of 2016. The company was founded in November 2014 by Subrat Kar, Ajay Mishra and Nishant Radia. In an interview, co-founder and CEO Kar talks about the company’s upcoming products, current operations and future plans. For more logon to vccircle.com/vcc-tv
Views: 13345 News Corp VCCircle
Core Diagnostics Pvt. Ltd, which provides specialised diagnostics services, raised $12 million from Eight Roads Ventures and Artiman Ventures in December last year. The company is now in an advanced stage of discussions to make an acquisition in the country, Zoya Brar, managing director and co-founder, told VCCircle in a video interaction. She also talked about the market potential for high-end diagnostics in India, international expansion plans, competition and main lessons learnt as one of the youngest entrepreneurs in the country. For more, watch the video. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 1670 News Corp VCCircle
Sanjay Mehta, a serial entrepreneur turned investor, gets nearly 200 startup investment proposals every month. The early stage investor has backed about 40 startups, both in his personal capacity and through various angel networks. “Startup investments allows investors to move the needle and make a meaningful contribution to the venture, unlike other assets classes (equities, gold and others) where you have to wait and watch how the market reacts,” Mehta told Techcircle.in. Going forward, Mehta says he will explore investments in early-stage ventures that specialise in big data, marketing automation, productivity enhancement, location services and quick services restaurants besides medical devices. Mehta lists marketplaces, e-commerce platforms and home services ventures’ among the 15 startup ideas he would refrain from funding. Mehta’s portfolio includes names such as Zippr Smart Address, AllizHealth, Prettysecrets.com, and Poncho (Box8.in) besides others. He is a member of Indian Angel Network, Mumbai Angels, Venture Nursery, B2B1K Ventures and CIO Angel Network. As an entrepreneur, his most recent venture was MAIA Intelligence. Last year, its business was recently sold to publicly-listed Datamatics Global Services. Mehta last invested in Bangalore-based Green Enabled IT Solutions Pvt Ltd, which operates IT reverse logistics startup Blubirch. For more logon to vccircle.com/vcc-tv
Views: 38587 News Corp VCCircle
Delhi-based curated city and lifestyle guide Little Black Book is on a new high after raising $1.2 million from IDG Ventures India and the Indian Angel Network. The startup, which operates in New Delhi, Bangalore and Mumbai, claims the number of monthly active users have jumped 800% and revenue has surged 600% in just eight months. In an interview with TechCircle, Suchita Salwan, co-founder and CEO, talks about company’s growth strategy, trends in the content business and new segments ripe for innovation. For more logon to vccircle.com/vcc-tv
Views: 1796 News Corp VCCircle
Cab-hailing firm Ola topped the venture capital dealmaking chart during the week, followed by online pharmacy 1mg and ed-tech startup Eruditus. To find out about other venture capital deals in tech startups during the week, watch the video. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 571 News Corp VCCircle
Consolidation is inevitable in the Indian food technology space and only a handful of players will survive over the next few years, according to Alok Jain, co-founder and CEO of meals ordering startup Yumist. “There will be consolidation…ten years from now, all these restaurants will just be kitchens in the cloud. That’s where players like us are going to survive. Every single vertical will have just one or two players but it’s all good for the customer,” Jain told Techcircle.in. Jain’s comments come at a time when the food-tech space has started showing signs of distress. Few startups have either shut shop or have downsized operations. TapCibo Online Solutions Pvt Ltd, which operated under the brand Dazo, closed operations earlier this month. Mumbai-based TinyOwl, which offers a location-based mobile app for ordering food, recently shed jobs. Cash-strapped SpoonJoy, backed by Flipkart co-founder Sachin Bansal, closed down operations in Delhi and parts of Bangalore. Foodpanda is revoking over 500 restaurants every month as it deals with allegations of operational irregularities. Two weeks ago, restaurant listing and services company Zomato said it was laying off around 300 employees worldwide, or nearly 10 per cent of its workforce. Jain and Abhimanyu Maheshwari founded Yumist in October 2014. It offers homemade food and primarily serves office goers. Customers can place orders through its Android app and the company claims that food will be delivered within 30 minutes. It provides options such as Rajma Rice, Chicken Rice, Aloo Paratha and so on. Yumist claims that its app has been downloaded about 40,000 times already. It currently delivers in Gurgaon, South Delhi and Bangalore. “Many food-tech startups target restaurants. An average Indian eats once in 10 days from a restaurant, while there are 29 other meals in those 10 days. This is the market we target,” said Jain. Recently, Yumist said it is moving away from the app-only approach by enabling its website to take orders. However, the company will continue to take orders on its app. In February, Yumist had raised an undisclosed amount in seed funding from Orios Venture Partners. Yumist counts the “dabba-walla” and “corporate canteens” as its primary competitors. In the next few months, the startup will revise the price of its meals to lure more customers. Startups in the Indian food-tech space either offer an ordering platform from restaurants (Foodpanda, TinyOwl, Zomato and others) or run their own kitchens/cafes (Box8, Dropkaffe, Frsh.com and others). Companies such as MealHopper, Bite Club, Yumist and SpoonJoy connect consumers to independent chefs or offer food ordering from in-house kitchens. Ventures such as InnerChef and iChef offer a platform for ready-to-cook products. For more logon to vccircle.com/vcc-tv
Views: 9704 News Corp VCCircle
The local mobile handset maker, Micromax, is scripting the story of slow and steady success. Launched just 4 years ago in the B2C market, the company has already garnered five per cent of the domestic mobile handset market and has staked claim as the third largest handset maker. It has evolved from budget candybar feature phones to the latest Ninja handsets. Talking exclusively to Techcircle, Vikas Jain, co-founder and business director of Micromax takes us through the journey, future plans and how where he sees Micromax five years from now. Recently, Micromax also forayed into the tablet category by introducing its product called 'Funbook'. The tablet available at an affordable price of Rs 6,499 targets students. The company also roped in Deepak Mehrotra as CEO in December 2011 besides hiring other senior people from Sony Ericson and HTC, to strengthen its top management.
Views: 2035 News Corp VCCircle
India’s digital payments industry has grown by leaps and bounds since November last year when the government banned high-value notes. While the move benefited e-wallets the most, it also attracted several foreign investors. And the trend is likely to continue. For more videos, subscribe to our channel: https://www.youtube.com/user/VCCIRCLE/featured Check out VCCircle for more news: http://www.vccircle.com/ Follow The VCCircle: Facebook: https://www.facebook.com/vccircle Twitter: https://twitter.com/vccircle Instagram: http://instagram.com/vccircledotcom LinkedIn: https://www.linkedin.com/company-beta/975216/?pathWildcard=975216 -------------------------------------------------------------------------------------------- Also Follow The VCCircle Event subscribe: http://events.vccircle.com/
Views: 7510 News Corp VCCircle
In the ninth episode of TC Show Off, a weekly show that provides startups a platform to showcase themselves, their business models, the core USP etc., News In Shorts showcases how it keeps users updated with all the current affairs by spending just 30 seconds per article. According to Deepit Purkayastha, co-founder of the company, while traditional media houses provide long in-depth articles, users do not spend more than 20 minutes reading news. About 190 million people consume news on smart devices today. Hence, there was a need for a smartphone app that helps them consume news in less than 60 words. Most of the news on the platform is filtered from Google news and then summarised manually by a team. In its space, the startup competes with the likes of Yahoo News Digest, a moderated app platform that provides 18 stories a day. In comparison, News In Shorts publishes 50. Purkayastha also claims that their quality is much better than the other auto summarise apps. According to the company, it has seen over 27,000 downloads till date, out of which about 14 per cent are daily active users. Going forward, the firm will look at monetisation via native ads and sponsored content. The startup was founded in August last year by Purkayastha, an IIT Kharagpur dropout, along with Iqubal and Anunay Arunav (both IIT Delhi dropouts). Last month, the company had raised an undisclosed amount in seed funding from Times Internet Ltd; with participations from Sachin and Binny Bansal (not related), co-founders of e-commerce major Flipkart.com; besides serial entrepreneurs Ankush Nijhawan; Gaurav Bhatnagar; and Manish Dhingra. The company is using the funds for marketing, product improvement and expansion. For more logon to vccircle.com/vcc-tv.
Views: 3012 News Corp VCCircle
Several tech startups in Mumbai, Bengaluru, Hyderabad and Gurugram attracted angel investments this past week. These included bike taxi startup Baxi https://www.vccircle.com/exclusive-multiple-investors-pump-fresh-funds-into-bike-taxi-startup-baxi/. To find out about the other startups and investors, watch the video. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 622 News Corp VCCircle
Founded in 1998 by the brothers Bhavin and Divyank Turakhia, the Directi Group, a group of businesses that develops mass-market web products, has come a long way. The combined product portfolio of various Directi businesses (ResellerClub, LogicBoxes, BigRock, Skenzo, Media.net and Talk.to) include communication and collaboration apps, social networking software, instant messaging software, context analysis engines, anti-spam and antivirus solutions, large-scale billing and provisioning platforms, traffic monetisation solutions, online advertising solutions, DNS management products, Linux and Windows server management software and Web hosting control panels, among others. In an exclusive interview with Techcircle.in, Bhavin, founder and CEO of Directi, talks about his entrepreneurial journey, the company and much more. Edited excerpts.
Views: 14982 News Corp VCCircle
South Korea’s Samsung, China's Xiaomi and Taiwan’s Foxconn are among companies that are setting up or expanding mobile-phone factories in India. Indian companies such as Lava are also making more and more handsets in the country. In fact, India is now the world’s second-largest maker of mobile phones after China. Watch the video on how India is taking on China in mobile manufacturing.
Views: 436 News Corp VCCircle
Bangalore-based Kuvera, run by Arevuk Advisory Services Pvt Ltd, is a portal that allows investors to put money in mutual funds’ direct plans, which offer higher returns than regular plans by saving on third-party commissions. In an interaction with VCCTV, co-founder Gaurav Rastogi talks about the startup’s business model, growth potential and competition. Update: In October 2017, Kuvera decided to make its mutual fund investing platform free to use irrespective of the portfolio size. For more videos, subscribe to our channel: https://www.youtube.com/user/VCCIRCLE/featured Check out VCCircle for more news: http://www.vccircle.com/ Follow The VCCircle: Facebook: https://www.facebook.com/vccircle Twitter: https://twitter.com/vccircle Instagram: http://instagram.com/vccircledotcom LinkedIn: https://www.linkedin.com/company-beta/975216/?pathWildcard=975216 -------------------------------------------------------------------------------------------- Also Follow The VCCircle Event subscribe: http://events.vccircle.com/
Views: 7593 News Corp VCCircle
The proposed merger between various businesses of financial conglomerates IDFC Group and Shriram Group is being dubbed as a 'marriage made in heaven'. However, the two companies have to battle a string of regulatory hurdles, from the Reserve Bank of India to the Competition Commission of India (CCI), before the merger materializes. VCCircle’s Aman Malik takes stock of the development. For more videos, subscribe to our channel: https://www.youtube.com/user/VCCIRCLE/featured Check out VCCircle for more news: http://www.vccircle.com/ Follow The VCCircle: Facebook: https://www.facebook.com/vccircle Twitter: https://twitter.com/vccircle Instagram: http://instagram.com/vccircledotcom LinkedIn: https://www.linkedin.com/company-beta/975216/?pathWildcard=975216 -------------------------------------------------------------------------------------------- Also Follow The VCCircle Event subscribe: http://events.vccircle.com/
Views: 2237 News Corp VCCircle
Logistics technology startups Four Kites and Rivigo raised big ticket funding in fresh rounds while unicorns Ola and Zomato received more capital during the week. To find out about other venture capital deals in tech startups during the week, watch the video. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 522 News Corp VCCircle
In the 38th episode of TC Show Off, a weekly initiative that provides startups a platform to showcase their businesses, Vikas Khadaria, the managing director of Hungry Bags Pvt Ltd, talks about how the company's new portal ‘Travshoppe’ allows travel agents to set up a comprehensive travel website. “Our aim is to create travel democracy. Our new portal is a complete online travel solution for small time agents as well as their clients. The site will display all the information on flight, hotels and holidays with a robust intelligent platform coupled with enablers, “ Khadaria said. The four-month old startup will not only give travel related information to the agents but is keen to helps them reduce spends on marketing and branding. Khadaria said that the site will also have the option of a payment gateway option for a low cost. Travshoppe aims to bring the sizeable offline agent market, specifically in tier two, tier three and tier four cities, onto an online platform. “Small time agents have the strength but don’t have access to content. We will do branding on their behalf to increase sales," Khadaria added. Khadaria believes that the holidays business has not seen any innovation the last 10 years. “We are here to become an aggregator and create a win-win situation for both the agents and consumers,” he added. Travshoppe is also planning to raise $2 million in funding, which the MD said will be utilised mainly to upgrade the company's technology infrastructure. In four months, Travshoppe has got business from 250 travel partners across 70 cities, Khadaria claims. For more logon to vccircle.com/vcc-tv
Views: 1084 News Corp VCCircle
ndia’s real estate industry has been going through a slowdown for the past few years, though there have been pockets of growth. How is the industry evolving? Piramal Capital & Housing Finance Ltd managing director Khushru Jijina spoke to Anuj Puri, chairman of Anarock Property Consultants, during a fireside chat https://www.vccircle.com/piramal-s-khushru-jijina-on-why-developers-are-reducing-the-cost-of-housing-assets at News Corp VCCircle’s Finserv 2018 summit in Mumbai about the real estate market, how developers are coping with the slowdown and other issues. Watch the full interview. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 1536 News Corp VCCircle
Indian Energy Exchange Ltd (IEX), which is backed by a bunch of private equity firms, made its debut on the stock exchanges in October this year. The electricity bourse is now looking to set up a gas exchange and is already in talks with different stakeholders for the purpose, SN Goel, CEO and managing director, told VCCTV. He also talked about the company's overseas expansion plans, competition and regulatory issues. For more, watch the video. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 823 News Corp VCCircle
Founded in 2011, Delhivery has grown from a local on-demand delivery company to a full-fledged logistics services provider in less than five years. Delhivery was bootstrapped with Rs 60 lakh by its founders – Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati. Barua, Tandon and Saharan worked together at Bain & Company. Manglani worked with Reliance and Idea Cellular while Bharati worked with Sapient and co-founded Contify before the five joined hands to build Delhivery. "For the initial eight months, we were five founders, one tech guy, one call centre executive and 30 field guys. It was hard to convince people to join," Barua told Techcircle.in in an interview. Today, Delhivery has 800 distribution centres across 320 cities in the country with 8,000 delivery boys. It has 1.2 million sq ft of warehousing space with 14 automated sorting centres in the country. It delivers to 3,700 pin codes in the country currently and plans to reach to 6,500 pin codes by March 2016. "We will have nearly full coverage of the country by the end of next year," said Barua. The company employs more than 12,000 people. It plans to increase the number to 19,000 people by the end of the financial year and 1,10,000 by 2020. Barua said he never expected Delhivery to reach this stage. "Our first business plan said that we would have 500 people. Even at that time the discussion was that's too many people. Our second business plan said we would have 1,000 people. We didn't expect to get to this stage," he said. Barua also said that Delhivery plans to enter more international markets including Bangladesh, Sri Lanka and two countries in Europe. The company is already present in Dubai, he added. In a video interaction with Techcircle.in, Barua sheds light on his journey in the logistics sector and charts the way forward for Delhivery. For more logon to vccircle.com/vcc-tv
Views: 10338 News Corp VCCircle
All of 26, Deepansh Jain is a serial entrepreneur and has started work on his third venture. Jain started his first company, Juvenis, at the age of 19 and exited the company two years later for $500,000. In 2013, he co-founded context-aware personal assistant app Shifu, which was acquired by Alibaba Group-backed unicorn Paytm in late 2015 for $8.5 million. In an interview with VCCircle, Jain shares the lessons he learnt from his entrepreneurial stints.
Views: 1704 News Corp VCCircle
All players in the hospitality sector are competing for real estate, labour and are struggling because of rising prices, according to Amlani. “I am a big believer in strategic alliances,” says the food entrepreneur who raised funding from Mirah Hospitality in 2011. The company also has erstwhile fund Beacon India as an existing investor. “We have been in the business for 14 years and we have done catering, coffee shops, casual dining and fine dining. Our learning is that cafe business is the most lucrative and we will not do anymore fine dining and focus on the cafe business. It’s a business from morning to evening and table turnaround is more,’’ he said. In a chat with VCCircle, Amlani talks about the company's plan to raise funds, expansion strategy and industry trends. For more logon to vccircle.com/vcc-tv.
Views: 4248 News Corp VCCircle
Until a year and a half ago, online grocery delivery startup Grofers was cruising comfortably on a growth path after raising more than $150 million from marquee investors such as SoftBank and Tiger Global. Then it hit a big bump. It exited several cities in 2016 and switched to an inventory-led business model towards the end of the year to cut losses. The strategy seems to be working, and it has survived without fresh funding since 2015. In an exclusive conversation with VCCTV, co-founder and CEO Albinder Dhindsa talked about Grofers’ efforts to turn around its fortunes, tackling competition and whether any deal with e-commerce giant Amazon is in the offing. Watch the video to know more. For more videos, subscribe to our channel: https://www.youtube.com/user/VCCIRCLE/featured Check out VCCircle for more news: http://www.vccircle.com/ Follow The VCCircle: Facebook: https://www.facebook.com/vccircle Twitter: https://twitter.com/vccircle Instagram: http://instagram.com/vccircledotcom LinkedIn: https://www.linkedin.com/company-beta/975216/?pathWildcard=975216 -------------------------------------------------------------------------------------------- Also Follow The VCCircle Event subscribe: http://events.vccircle.com/
Views: 2683 News Corp VCCircle
Food-delivery company Swiggy announced raising $1 billion in its biggest funding round while ed-tech startup Byju's secured $540 million this week, with both also reporting a massive jump in their valuations. A number of other tech startups also raised funding this week, including ed-tech venture Toppr and B2B marketplace Moglix. Watch the video for details Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
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Consolidation in the hyperlocal grocery delivering space will happen in the next six months and only the top five players will survive, says Albinder Dhindsa, co-founder and CEO, Grofers. “I think consolidation will happen in the next six months. We can’t expect 10 players in every space will survive. Top two or three players will survive but since grocery is a bigger space, perhaps the top five will survive but consolidation has to happen,” says Dhindsa in an interview with Techcircle.in. Locodel Solutions Pvt Ltd, which runs Grofers, was founded by Dhindsa and Saurabh Kumar in 2013. The startup has raised $165 million in three rounds of funding. It recently raised $120 million in fresh funding led by Japanese internet conglomerate SoftBank Corp. The hyperlocal grocery delivery space has seen the entry of several players such as PepperTap and ZopNow which have an online marketplace model. Inventory-led firms such as BigBasket, LocalBanya and EkStop, a Mumbai-based startup which was acquired by Godrej Nature’s Basket, can also be counted as Grofers’ rivals in this space. Grofers started off as a B2B delivery service, delivering for more than 1000 merchants across Delhi, before transitioning into a B2C platform. “We realised there was a huge opportunity to bring these merchants online. We thought we should build a platform to bring them online because these smaller merchants were really afraid of e-commerce,” says Dhindsa. Currently, the company has more than 12000 sellers across 26 cities and it completes more than 35,000 orders daily. The company deals in groceries, baby care products and cosmetics, sports goods and phones. It also plans to enable delivery of medicines in the long run. “We want to offer medicines on our platform too, but there are some government regulations around it that are still unclear. I think it is a very strong usage category which needs to be online and a lot of consumers call us and ask us about that. This is a market which needs to come online and once we are clear on government regulations, we will also start doing it,” he says. Grofers is currently available on Android and iOS apps on mobile phones and Dhindsa says that the company plans to continue with its app-only mode. “We never even built a website, we have never had that intent. We don’t even have web developers, so I don’t think we can do anything about it,” quips Dhindsa. For more logon to vccircle.com/vcc-tv
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Flush with over $24 million in funding from Tiger Global and other investors, Inshorts has been consistently ranked among the highest-rated news aggregator apps in the country. The company, which was a part of TLabs accelerator, also counts Times Internet, Flipkart founders and Rebright Partners among its investors. Times Internet, however, has exited Inshorts, co-founder Deepit Purkayastha said. In an interview with TechCircle, Purkayastha talks about the company's monetisation plans, competition with Twitter and other digital media startups, and why he thinks there is little room for new content curation startups to emerge. For more logon to vccircle.com/vcc-tv
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Amazon-backed Housejoy, run by Sarvaloka Services On Call Pvt Ltd, is one of the many hyperlocal startups that have come up in the country in the last couple of years. Starting with 40-50 jobs per day, the company has scaled up to handle more than 4500 jobs on a daily basis today. The startup provides a broad gamut of home services, ranging from handyman’s jobs to home cleaning, car washing, laundry, pest control, beauty treatments, bridal services, fitness services, among others. “Home service is a pure household need and there is a certain new-age way to solve it. We are bringing in expertise into verticals and are going deeper into services such as beauty and laundry services. With this, we are aiming to offer a higher quality experience to customers,” says Saran Chatterjee, in this interview with Techcircle.in. Talking about its recent acquisition of laundry startup, MyWash Technologies Pvt Ltd, Chatterjee says that managing unit economics in the laundry segment is extremely hard as there is a logistics component attached to it. “This is the reason we will not see investment in standalone laundry services but in horizontal marketplaces where laundry is part of the portfolio. Only then it is possible to run that category and we are aiming to at least achieve break-even in that segment,” he said. Earlier last month the firm acquired at-home personal fitness tech startup Orobind Fitness Technologies Pvt Ltd for an undisclosed amount in an all-stock deal. Last year, Housejoy had raised Rs 150 crore ($22.4 million) in a Series B round of funding from a group of investors led by e-commerce giant Amazon. For more logon to vccircle.com/vcc-tv
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Founded in 2000, MakeMytrip, which started India operations in 2005, has changed the way we travel. Makemytrip got listed at NASDAQ in the year 2010 in a fairytale listing. The man behind the bid daddy of OTAs, Deep Kalra started his career at ABNAmro bank and worked at GE Capital, but in between his professional stints at various established corporate houses, he had the chance of working at a startup called AMF Bowling Inc., which actually made him fall in love with entrepreneurship. "I really enjoyed working with startups, working with no rules," said Kalra. Watch out the video for detailed tete-a-tete.
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When Kishore Biyani, Group CEO, Future Group, got into garment manufacturing, it was because his company was already a fabric supplier to the garment industry. This led him to venture into retail, since many stores were not keen on keeping the company's products. While the company started off with franchises, it quickly realised this was not the best way of doing business; hence came the company's own retail stores that have today become the largest hypermarket chain in India—Big Bazaar. In an exclusive interview with VCCircle at the recently concluded VCCircle Consumer & Retail Investment Summit 2014, Biyani talks about his entrepreneurial journey spanning over 25 years. "When we started off, I thought retail is a simple business of buying and selling, and there was not much technology back then; it has been a journey of many learnings. We always had queues outside our Big Bazaar stores, and that was a good feeling. It encouraged us to ask why we can't capture everything of the customer's shopping basket. This turned out to be our first mistake," said Biyani. Besides food, fashion and home, which were the forte of the company, it also went into financial services, gyms, etc. "We thought we were invincible and made many mistakes in that time frame. I believe it is the same stage e-commerce companies in the country are currently in," he added. The market cap was good and the company kept on growing (to nearly 200 stores as of now). But at the same time Biyani also realised that it was not the only way to grow and rather the company had to make its balance sheet stronger, since there were a lot of other players whose balance sheet were very strong. "For the same, we re-organised ourselves to three primary businesses and decided that we will concentrate on two businesses majorly that is food and fashion, while the third home will be on the periphery of the business," said Biyani. The company today has three businesses with distinct balance sheets that include Future Retail which comprises the hypermarket business; a fashion enterprise called Future Lifestyle Fashion; and Future Consumer Enterprise that is building the entire food and FMCG business. Over the course of the interview, Biyani also talks about how he believes in the 'investment model' of investing in people, entrepreneurs and brands, and explains that while there are a lot of entrepreneurs who can create, it is equally important for them to learn to 'control' what they create. Biyani explains why there was no emotion when the company sold off the Pantaloons brand. "I made a big multi-starrer Bollywood film called Na Tum Jaano Na Hum, but it did not work at the box office. That day I made my mantra 'don't get attached to whatever you create', which I follow to date." He also reveals the logic behind hiring a chief belief officer and the role he plays at the company, and explains why he is not threatened by the e-commerce boom. "If you look at the retail as a business, it's ultimately a delivery model of products and goods to a consumer. And today there is a new way of delivering the same and that is through technology. I personally believe that technology does only two things and that is reducing space and time. While currently it has captured the imagination of many people, since people are fatigued with the physical way, my belief is that physical and digital will converge. Because digital players are not building their own brands; they are ultimately selling the brands created by us," said Biyani. Finally, he also talks about the assisted e-commerce model, Omni-channel strategy of the company, his next innings and his vision for 2020. Watch the video for more.
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Apart from a number of exciting keynotes, panels (involving more than 25 speakers including top entrepreneurs, early VCs and angel investors), and the iconic 'Startup Walkabout', the India Angel Summit 2013 organised by VCCircle also had a few industry veterans giving highly relevant advice to budding entrepreneurs on key areas of building out and scaling startups. Titled Expert Talk, one of these sessions had Mahesh Murthy, partner, Seedfund, speaking about 'Lean & Efficient Marketing For Startups'. During the course of his talk, he provided insights on search marketing, social marketing, offline marketing (PR), and other key areas. This was followed by an engaging Q&A session between Murthy and the audience. Watch the video for more.
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In the 23rd episode of TC Show Off, a weekly show that provides startups a platform to showcase themselves, their business models, the core USP etc., Vidooly’s co-founders Subrat Kar and Ajay Mishra showcased how their product helps content creators, brands and multi channel networks optimise their video content. The startup is a YouTube video marketing and analytics suite that aims to resolve the discovery problem of video content, which in turn will maximise revenues. It also provides solutions like A/B testing on thumbnail; title and keywords to identify better performing content; tracking competitors; provides inputs on the best time to upload videos; and data on subscribers’ behaviour, among others. “More than 100 hours of video is being uploaded on YouTube every single minute, out of which 90 per cent of the videos generate less than 10,000 views in their first month. We help them grow their viewer base,” said Kar, who co-founded the company along with Mishra about a year ago. Presently, Vidooly charges $200 per month per channel for up to 10 videos and claims to be earning revenue of Rs 6 lakh on a monthly basis. The startup also claims of having over 60 content creators in India and aim to cross 10,000 users in the next three years. The firm competes with the likes of Tubular labs and VidIQ, among others. Expert take According to Siddharth Talwar, partner, Lightbox, while the market for Vidooly is very large, the video optimisation industry is highly commoditised. “Everybody has access to YouTube’s API. If you don’t have a tech differentiator, then you will have to sell better than the next guy.” “This is no longer just a YouTube challenge. We need to understand that Facebook is downloading a billion videos a day and all clients will want to know how to optimise their video content on Facebook as much as on YouTube,” he added. For more logon to vccircle.com/vcc-tv.
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Budget hotels aggregator Zo Rooms will soon add four star hotels and service apartments to its network. Next month, the startup will launch Zo Star (for four star properties) and Zo Apartments (corporate guest houses), its co-founder and CEO Dharamveer Singh Chouhan said. Zo Rooms, which is run by Zostel Hospitality Pvt Ltd, will also launch a premium version for budget rooms under the Zo Prime branding. "We want to solve the short-stay accommodation problem, be it with Zostel, Zo Rooms, Zo Prime or Zo Star. We will bring our standardised experience for users everywhere," said Chouhan. He did not provide more details on the targets for Zo Star and Zo Apartments. Zo Rooms competes with the likes of OYO Rooms, ZiP Rooms, Wudstay, Zen Rooms, Vista Rooms and Ibibo’s goStays among others. Anchored on an asset-light business model, these firms are essentially aggregating standalone budget hotels, strapping them with a common brand with a promise to the consumer to offer a standardised set of amenities like a conventional budget hotel chain. They are seen as a new breed of accommodation booking providers against large online travel agencies (OTAs) such as MakeMyTrip, Cleartrip, akbartravelsonline.com and others who simply list hotels of all categories. In June, Zo Rooms said that its network has over 400 hostels. Its parent company raised $15 million in Series A funding led by Tiger Global and Orios Venture Partners. OYO Rooms, which is one of the largest players in this space, recently raised $100 million in funding from Japanese internet conglomerate SoftBank and others. It will use this money to expand the size of its network to 50,000 rooms across 100 cities by the end of this year. Zostel Hospitality also runs a separate booking platform for branded hostels and budget hotels under the Zostel brand. Zostel, which started operations in 2013, currently operates hostel properties across Delhi, Goa, Jodhpur, Agra and other cities. In August, Zostel added a hostel in the Vietnamese city of Dalat to its network. In a video interaction with Techcircle.in, Chouhan sheds light on his journey in the hospitality space and charts the way forward for Zo Rooms and Zostel. For more logon to vccircle.com/vcc-tv
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In an exclusive video interview with VCCircle, first generation entrepreneur Salil Singhal and founder of publicly listed PI Industries shares his entrepreneurial journey. With a presence of over six decades, the agri-input and fine chemicals company has now grown to become a preferred partner for global MNCs for custom synthesis on account of its competencies in process research and manufacturing, coupled with its non-compete and IP driven business model. Singhal who had to make some difficult decisions during the course of building out his venture asserted that entrepreneurs should not pursue things with a questionable intent in mind. In January this calendar year, the company raised Rs 117 crore ($21.8 million) via qualified institutions placement (QIP) from Sequoia capital. Last quarter, Standard Chartered Private Equity exited its three-year-old investment in PI Industries with over 4x returns.
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Mid-stage investments in tech startup dominated the week as business-to-business agri-marketing platform Ninjacart stole the show with its hefty $90 million Series C funding round led by Tiger Global. To find out about other venture capital deals in tech startups during the week, watch the video. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
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Vishal Bali, senior healthcare adviser for TPG Growth in India, feels the overall investment trend in India’s healthcare sector remains positive through ups and downs in the private equity and venture capital deals will continue. Speaking to VCCircle, Bali asserts there is a great opportunity for entrepreneurs to create disruptive business models in the healthcare sector. He also remains buoyant on initial public offerings in the sector that picked up at the end of last year after a long lull. Bali, who launched home healthcare services provider Medwell Ventures in 2014, hopes to expand overseas in due time. Medwell operates in three Indian cities and aims to remain focussed on India. http://events.vccircle.com/ For more logon to http://www.vccircle.com/vcc-tv
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Daily tasks management app Dunzo raised more money from its existing investors Google and Blume Ventures in a fresh funding this week. To find out about other venture capital deals in tech startups during the week, watch the video. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
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Many Indian-origin entrepreneurs have hogged the limelight in Silicon Valley with their companies raising large funding rounds and turning into unicorns. Watch the video to find out who all have mopped up capital over the past year at a valuation of more than $1 billion.
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The recently concluded inaugural Techcircle Big Data Forum 2014 hosted a special keynote talk by Dhiraj Rajaram, founder, CEO and chairman of Mu Sigma, a Big Data analytics company. Rajaram built Mu Sigma from ground level to a multi-million dollar company that has secured the largest funding round ever in the business analytics space. The company already boasts of around 140 Fortune 500 clients, and this number is growing at about 10 customers per quarter. He started off by talking about why he hated the standardised definition of Big Data these days. “I hate the whole concept of describing Big Data as a lot of data—in terms of volume, velocity, veracity, and variety. The biggest reason for this is whenever you describe something by ‘what’, you are not going to get to the essence of it. If you really want to understand something, you need to try to get to the why,” said Rajaram. Detailing the three perspectives that will define Big Data space—i.e. ‘learning over knowing’, ‘extreme experimentation’, and the ‘new IP’—he said these will mean that you will have to think of this space—which people call Big Data—not as a lot of data, but as a representation of these facets. “This representation comes from the fact that if you think of data as the new oil, data engineering is all the plumbing which will connect the oil and move it from one place to the other. Data science is the refining down to clean up the data, and so on.” Discussing the current scenario, he explained that business and technology combine to make IT happen, business and math combine to make consulting happen, and math and technology combine to create products. Products by their very nature are not flexible, consulting by its very nature is not scalable, and IT by the very nature is not agile. “But in the world of tomorrow, where you need not be thinking about one or two big problems, but many small problems that are connected with each other, you need a combination of scalability, flexibility and agility. You need a combination of math, business and technology,” said Rajaram. “As of now, the consulting model is the Superman paradigm, the product model is the giant robot paradigm, but what we are building is the Iron Man paradigm—where we have built a suit, and have a human being operating it. And this man-machine eco system is what is very different and it shows in our financials,” he said. Making the right hires Talking about the hiring practice of the company, Rajaram said he never relies on the candidate’s expertise, rather on the fact that who is the best fit for the job. The company also looks for people who have a questioning mentality and a certain degree of inquisitiveness, for people have been fundamentally programmed not to ask good questions. “We start with an intellectual horsepower test, post which is a group discussion on controversial topics. Then we make the candidates watch a 10 minute video and give them a piece of paper (little bigger than a regular business card) and ask them to summarise everything they saw on that paper,” said Rajaram. These exercises have resulted in quite a few interesting hires. The company’s head of sales was also its controller of finance; while its head of innovation was a customer; head of product is majorly inclined towards spirituality; and the head of talent management used to be in the Indian Navy. Three grades of entrepreneurship Rajaram explained that there are three grades of entrepreneurship tests that all entrepreneurs go through in their company life cycles. These include: Clarity: You need to know what you are doing and always be seeking more and more clarity. Focus: Once you have the clarity, you should understand what the focus of the company is. Perseverance: Finally, you will continue to be tested and should be ready for the same. To prove the point, he also provided the example of a time back in 2008 when Mu Sigma lost 40 per cent of its total revenues in a single year. During the course of the discussion, he also touched upon PE and VC investments in the space, stating that a lot of money is going to be wasted because a number of PE and VC guys are still thinking with the old paradigm of ‘product vs service’ rather than ‘product and service in harmony’. Talking about Mu Sigma’s investor exits, he said that a company should be able to create an ecosystem that is profitable and is creating enough cash flows that can allow investors to make partial exits or have other investors come in. He also added that an IPO is a possibility in three-four years. The discussion was followed by a rapid fire round that covered topics like competing companies that Rajaram admires, as well as his ultimate goal of building a Big Data city. For more logon to vccircle.com/vcc-tv.
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Investments in healthcare have shown steady growth over the past few years. The number of deals and the deal sizes have grown significantly in pharmaceuticals and healthcare delivery space. Lately, therehas been a shift towards niche offerings such as single specialty hospitals, health tech, wearables and diagnostics. In the recently concluded 'VCCircle Healthcare Investment Summit 2016', panellists discussed the state of the industry and the new frontiers that will be attracting investors. http://events.vccircle.com/ For more logon to http://www.vccircle.com/vcc-tv
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Remember those days when you had to run from the college library to photocopy shops to get study material ready for exams? The entire process was tiresome and time consuming. New Delhi-based startup Notesgen aims to address this problem of finding and sharing educational content. Notesgen offers a mobile and web platform for students to share study notes and self-prepared content such as project reports, presentations and case studies. Started in 2015, Notesgen claims to have 600,000 users in nearly 130 countries. In a video interview, Notesgen founders Manak Gulati and Roman Khan talk about the journey so far and the way forward for the startup. For more videos, subscribe to our channel: https://www.youtube.com/user/VCCIRCLE/featured Check out VCCircle for more news: http://www.vccircle.com/ Follow The VCCircle: Facebook: https://www.facebook.com/vccircle Twitter: https://twitter.com/vccircle Instagram: http://instagram.com/vccircledotcom LindedIn: https://www.linkedin.com/company-beta/975216/?pathWildcard=975216 -------------------------------------------------------------------------------------------- Also Follow The VCCircle Event subscribe: http://events.vccircle.com/
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Logistics startup Blackbuck dominated venture capital funding in tech companies during the week with its $150 million fundraise while Tiger Global led a fundraising in Zenoti to mark the US-based investment firm's second bet in two weeks on an Indian company.
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