Prime Minister Narendra Modi’s ‘Startup India, Standup India’ initiative is no less than a rock concert in its own. Scheduled for 16th January, the event has seen a massive response for the coveted 1,500 passes, with about 1 lakh participants for the same. That is a ratio of 1:0.015 which means everyone who applied stood a chance of just 1.5% to be a part of this event which is being waited upon with bated breath by the startup community!
And why not? The event is supposed to be a watermark event in 2016 as PM Modi is expected to launch a slew of reforms aimed at revolutionising the Indian startup ecosystem and will unveil the Startup Action Plan. Be it taxation policies or regulatory approval or increase in FDI or infrastructural support, Indian startup founders and investors and mentors, all want some clarity, some assurance, some support, and a lot of relief from the government to catapult the nation into the league of the best startup nations in the world.
Besides entrepreneurs, industry veterans like Mukesh and Anil Ambani, Tata group chairman Cyrus Mistry, Bharti’s Sunil Mittal and Aditya Birla Group’s Kumar Birla will also be attending the event. The attendees would also get a chance to hear from Softbank CEO Masayoshi Son, who plans to invest $20 Bn in solar projects in India, Travis Kalanick (founder, Uber) and WeWork (founder, Adam Neumann).
Apart from them, around 40 high-profile Silicon Valley entrepreneurs, venture capitalists and angel investors have also been invited as special guests. There is also a possibility that Google’s Launchpad Accelerator programme could be part of this event, wherein one early-stage startup will be shortlisted from a panel of five.Nitin Sharma, Principal at Lightbox VC feels that though has been a massive expansion in the VC funding ecosystem, not much risk capital is available for startups truly innovating in terms of core technology, hardware or India-specific problems without global parallels. He hoped that the initiative provides a big boost to that in conjunction with academia. Says Nitin, “ For me, digitizing of education on a massive scale is the biggest revolution in the making, which can also make the startup revolution more universal and inclusive, and pay rich dividends in enhancing our talent pool.” Read more here.
Parabo Press is a breeze to use: It’s clean and easy to read, your options are straightforward, and there are no annoying upsells. Prints from its Risograph machine, which uses soy-based ink and is described by Parabo as having “a cult following since its invention in 1980s Japan.”
“We are creating solutions specifically for the Indian rental community. For Aibnb, we are creating a separate set of packages, more attuned towards travellers, which will allow the hosts to pick and choose from these packages and furnish their house,” Ajith Karimpana
The Make in India programme needs design, in order to succeed in its fundamental endeavour. Melorra has integrated design and manufacturing with processes, people working in manufacturing are involved in product design concepts as a result delivery times are almost half those of competitors.
Red Chillies Entertainment partnered with Furlenco for its forthcoming Shah Rukh Khan and Alia Bhatt starrer ‘Dear Zindagi’. Furlenco and Red Chillies have also launched a TVC and an exclusive ‘Dear Zindagi’ store for the movie buffs.
Sub-cultures drive the products that emerge out of tech startups. Sub-cultures push the envelope on thinking about how society might develop. The ones that interest investors are those with the potential to indicate where the world could go next.
It is a combination of 50% equity and 50% debt, making them one of the largest debt funded start-ups in India. While Furlenco plans to utilise the equity component to grow its business into more cities, the debt will be used to purchase inventory.
Droom has clocked a GMV of Rs 104 crore in a short span of 19 months. They have registered over Rs 1,200 crore in annualised GMV, with plans to achieve Rs 3,000 crore by March 2017. The achievement has come despite low marketing spends at 3.75 per cent of the entire GMV.