Tag: #VC #funding

Startup Tweets, Funding Deals – Weekly

Sunday Oct.16 thru Saturday Oct.22, 2016

refuse-to-be-defeated

Sunday Motivation:  You should refuse to be defeated!!

Startup Tweets:

Chennai – India has about 1,181 startups with total $16.65 million funding (11 rounds) received from Jan. to June 2016.

Customer-service software provider Freshdesk has acquired AI-based Chatimity a social-chat platform which integrates chat within mobile-apps.

Accelerators, incubators specializing on fintech startups from all over the world are increasingly coming to India to encash the fintech gold-rush.

There’s revolution brewing in edtech space; few startups are silently building products in hard-to-crack B2B space.

P2P lending cos. are in process of forming an association with an aim to create a fair practice code within the industry players.

Funding Deals:

C1Exchange – Real-time bidding platform for advertisers, publishers has received $8.5 million funding from Venture Labo, Mynavi Corp, NEC.

Postman – an HTTP client to test web services has received $7 million from Nexus Venture Partners.

Parenting related social discovery platform BabyChakra has raised undisclosed amount in Series-A funding from Seattle’s VC Round Glass partners.

Fintech startup – Finwizard Technologies which runs wealth-management app Fisdom has raised $1.1 million from Saama Capital.

Online Furniture rental co. Furlenco has raised ₹200 crore ($30 million) in funding through a mix of equity and debt.

Other Funding Deals: Deyor Camps -$500,000; Boxershorts -$37,500; SIBIA Analytics, Kidsstoppress, Maya, ShoeKonnect, ZipLoan, HealthBuds also received funding.

Elearning Tweets:

Joystick: is a piece of Hardware device that is used to control a mouse or a cursor. It is generally used for gaming purposes.

Accelerometer: a motion-detector that can tell how the device is being held. In health-apps the tech is used to detect movements

Startup Gyan:

Flaunt your failures, they might teach some one a lesson towards success. ~Harsh Mariwala

Check out:

processmediabuying.com to immediately cut-down your current advertising costs by 20% in India, Bangladesh, Nepal, Sri Lanka and neighboring countries.

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The Funding Detox

The Funding Detox

2015 was the year of e-commerce with $40.4 billion funding and 1649 deals in Asia. 2016 is set to end with much lower funding and lesser no. of deals with $14.6 billion and 732 deals in the first half of the current year. According to global startup analytics firm CB Insights – India’s funding ecosystem saw a 46% fall in in the 4th quarter of 2015, compared to the previous quarter. Their latest report says funding to Indian startups dropped a further 60% in the second quarter of 2016.

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But this ‘funding-detox’ is giving way to better startups – more space to grow. It isn’t stopping people from starting on an entrepreneurial journey and the investors too think there has never been a better time to start-up. Upside of funding drying up is that “hobby entrepreneurs” with nonsensical ideas are retreating and real entrepreneurs are getting a fair hearing.

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E-commerce was the top-funded category in 2015 but this year its the B2B products in the space of Artificial Intelligence (AI), Internet of Things (IoT), Edutech, Fintech, Machine-Learning, Robotics etc. IT trade association Nasscom’s Startup Warehouse has already received 2,700 applications in 8 months of this year as compared to 3,400 applications received in the whole of last year. They expect to receive 2,000 more applications in the remaining part of this year which is in fact pleasantly surprising.

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While the average age of the founders continued to be between 25 and 30 years; nearly 25% of Nasscom’s applications are from repeat entrepreneurs. Many entrepreneurs who failed in the previous venture have learnt from their mistakes and are trying again. This time they are more prepared and understand the product-market fit.

Various popular startup-accelerators too continue to see growth in the number of startups applying for their accelerator programs by as much as 80% this year. Axilor Ventures, Jaarvis Accelerator, Microsoft Accelerator, TLabs and others busy are hearing pitches from startups.

Accelerators have also noticed that the percentage of founders with startup experience has gone up so there is a certain level of maturity in the market. The ecosystem has developed, the entrepreneurs know what products to build. For accelerators it is a good target group where the founding team has two to four years of prior startup experience. Second and third-time entrepreneurs are tackling bigger problems and building deeper technology products.

As it seems – for entrepreneurs who have done their research well on their super-solid idea – a downturn is a good time to start up. And for investors – it is a great time to invest. The next six months are crucial as smart investors might take contrarian bets.

 

IoT: where every object is connected to the internet!

IoT Blog Octopus

It all started with the ATM in the early 1970s, perhaps the first popular connected device. Today the opportunity to connecting objects over the internet or Internet of Things (IoT) is  worth over $650 billion with a projection of hitting $1.7 trillion by 2020, as per IDC.

The devices and objects that send and receive data over internet are going to transform the way we mange our lives and as per technology researcher Gartner’s forecast there will be 21 billion connected devices by 2020.

With an explosion in the number of connected devices and growth in Installed Base Segments along with a burst in spending and ever-increasing number of smartphones, there is massive potential for IoT at global level. The incremental revenue generated by IoT suppliers is estimated to reach $309 billion per year by 2020 says Peter Sondergaard, Gartner’s research chief. This growth opens up new business opportunities, as half will be attributed to new startups and 80% will be in services, not products. Manufacturing, healthcare and insurance are expected to lead the race.

IoT Blog PiP

According to Vinay Nathan, co-founder Altizon, IoT requires seven or eight disciplines, including embedded computing, middleware, big data, cloud, domain knowledge and business consulting to line up. As expected IoT has generated entrepreneurial interest in India too. Entrepreneurship & Venture Capital (EVC), an early stage investor has launched a $50 million unit to focus on IT. Qualcomm Ventures, the VC arm of the global chipmaker, recently unveiled $150 million India Fund and made its first investment in healthcare IoT venture – Attune Technologies.

Word of caution: Startups looking to create a buzz in the IoT sector can expect to deal with an assortment of industrial and technology heavyweights including Google and IBM as everyone from GE to Honeywell and Samsung has invested billions of dollars to build and buy their way into a larger IoT presence.

However, industry experts and entrepreneurs think startups have a better chance of succeeding. Sagar Apte, cofounder of CarIQ, which is building a connected car ecosystem; says IoT is a new arena where the nimbleness of a startup allows it to listen to market needs and address them quickly.

Startup Focus: The Cubical Labs – founded by Swati Vyas, Dhruv Ratra, Rahul Bhatnagar; is focusing on Home automation solutions; has raised ₹1.5 crore ($225,000) through angel funding. Plans to work with large realtors and have products pre-installed in projects.

Event Focus: The Agri Asia 2016 exhibition on agriculture technology will be held at Mahatma Mandir in Gandhinagar, Gujarat, India from 2nd to 4th September, 2016. It will showcase international agriculture technologies.

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