A week into Conventus’18 where IMI New Delhi saw some of the best industry stalwarts come and put forward their valuable insights on innovation, the question we all have in mind is whether the boon from innovation would really trickle down to the lowermost sections of the Indian demography. The new age Indian startups are mostly tech-based and are working towards catering the needs of the emerging middle class of India in its urbanized clusters. Whether it is the e-commerce platforms, car rentals or food delivery services for that matter, the unicorns of the Indian startup ecosystem are mostly reaching out to the consumers in Urban India. Moreover, most of these unicorns have high funding from foreign Venture capitalists and banks to run their operations. This brings forth the long-term debate of the Make in India versus the Make for India initiative. Continue reading “Startup Sunday Season 3 Episode 11 (Immediate need for Agri-tech startups in India)”
Artificial Intelligence is the hot topic everyone is talking about today. But what is Artificial Intelligence? Artificial Intelligence is a part of computer science that aims to create intelligent machines. But there is much more to it than meets the eye.
“A year spent in artificial intelligence is enough to make one believe in God.” —Alan Perlis
Attentive AI is one such entrepreneurial venture which using their own AI aim to meet the needs of the remote sensing industry to generate actionable insights on a daily basis. Getting confused, let’s simplify it. Remote sensing is the science of obtaining information about object or areas using aircraft or satellite-based sensor technologies. So according to the people at Attentive AI there are trillions of pixels of raw data that exists out there waiting to be processed. Even if the population of the entire planet was to analyze this data it would take an eternity. But processing this data and extracting insights from it requires a human-like accuracy. Attentive AI was founded on this premise developing Artificial Intelligence Systems that made it possible to analyze petabytes of remote sensing data, converting it into accurate insights with minimal human effort. They create geospatial data which is data that gives information about a physical object in the form of numerical values on a geographic coordinate system like roadmaps for their clients.
Let’s face it: In such a fast-moving world where everyone is so busy and performance pressure is everywhere, we often forget small things and sometimes even the most important of the things! Imagine yourself going out on an important presentation and you reach the venue just to realize that you forgot to bring your pen drive. Another scenario where it’s your anniversary and you forgot to bring the cake for your wife (you’re already in danger). Who can possibly help you in no time?
HUMHain is the name!
Three years back, a boy who observed these scenarios, got a small idea which then got converted into a business model called ‘HUMHain’. Their tagline goes like this “Deliver anything from anywhere”, which itself explains the very motives of the company.
Entrepreneurship is the most powerful economic force known to humankind! The “entrepreneurial revolution” that captured our imagination during the late 1990s has now permeated every aspect of business thinking and planning. As exemplified by the “dynasty builders” of the previous decades, be it Dhirubhai Ambani of Reliance or Bill Gates of Microsoft, the applications of creativity, risk taking, innovation and passion lead the way to economic development far greater than anyone could imagine. The 21st century presents newer and sometimes more complex challenges than ever before conceived; however, the entrepreneurial drive and determination of our yet-to-be discovered “dynasty-builders” will be our greatest solution.
A recent survey published in The Times of India (ToI) describes the Indian Youth as ‘cool, confident and even a little complacent’. The youth today, in marked contrast to his ilk of the pre-reforms generation, is not worrying about the future. The survey found only 7 per cent of the Gen-X Indians worried about finding employment and mere 5 per cent anxious about financial stability. Interestingly the study found that youth across India want to be wealthy, successful and educated, they want to achieve this through a range of business choices. A good number want to venture into business ownership and information technology. Entrepreneurship has been regarded as an important determinant of wealth creation. It was trading in ancient times, labour-dominated production in the medieval age, technology-enabled manufacturing in the modern times and services and knowledge-oriented in the post-modern era. The all-important question that needs to be answered is why entrepreneurship not picking up in India at the pace that is required?
The first wave of unicorns (a privately held startup company valued at over $1 billion) was created across e-commerce (Flipkart, Shopclues, Snapdeal) and ride hailing (Ola). With the recent funding round, the tide has turned towards food-tech with Swiggy joining the coveted club along with its closest competitor – Zomato. Let’s unwind the journey of this Bangalore based startup that brings restaurants into your pockets!
Founded in 2014, Swiggy is a food ordering and delivery company. Inspired by the thought of providing a complete food ordering and delivery solution, Swiggy brings the best neighborhood restaurants to the urban foodies. With the expanded reach in 15 cities, Swiggy has over 35,000 restaurant partners and a diligent delivery fleet of over 40,000. Continue reading “Startup Sunday Season 3 Episode 3 (Swiggy)”
As an entrepreneur when you have entered a market or you are in a development phase of your product or everything is set and you want to grow your business, MONEY becomes the key for driving these next steps. It helps you hire new talented people, grow your market share, enter a new market and build up your office space etc.
In this episode of Startup Sunday, we will learn about Funding, its various stages and how and when a company should go about it.
We as a country have mostly been conventional when it comes to investing. While the stock market is a treacherous journey to be made alone, the bank FD’s hardly provide a substantial movement for your money. This is where a gamut of mutual funds sprouted up in the last few years. The various mutual funds didn’t go unnoticed by the young working class who are more evolved when it comes to financial planning.
Today’s start up Sunday is about one such place that gives the required momentum to your money. Sqrrl is an AI powered technology start up that deals with rather complicated world of investing and financial planning.
We got into talking with Mr. Dhananjay Singh, co-founder of Sqrrl, who perfectly amalgamated the idea of entrepreneurship with financial planning.
We always don’t get what we want, but we do move closer to the goal. Likewise the budget wasn’t the ideal for startups but will provide a better ecosystem that what we had last year. Last year, startups took a real beating with the inefficient rollout of the goods and services tax (GST), a return of the angel tax bogey and demonetisation, even though some ventures benefited immensely. While some major concerns remain unaddressed, there was some cause for cheer.
Barter is a concept that has been with us from time immemorial. The human civilization started when there were no currencies. The concept of trade started with bartering things. And in current times, we often find ourselves reaching out for the basics.
Today’s Sunday story is about one such startup which brings back the age old barter system in a digital avatar!
Let’s Barter is the largest community-driven startup for secure online bartering. Let’s Barter was founded by Pooja Bhayana (a communication graduate) and Sahil Dhingra (a BBA graduate) in October 2015. It started on social media platform as a Facebook group to facilitate barter and trade among the community. Lets Barter has made bartering as easy as adding a listing for your product on a mobile app!
Headquartered in Delhi, Let’s Barter is making a protected and secure community to barter in the most convenient way possible.
We bring to you Neeraj Gupta, Founder & CEO at FormulateIP based in India and USA. Applying his business and technical background, Neeraj assists clients in protecting and expanding their domestic and international knowledge-based businesses using IP protection, licensing and strategic planning. Neeraj is also a co-founder at Excubator which provides guidance and support needed to entrepreneurs for building a successful entrepreneurial practice. We had a brief interview with him, here are the insights of the conversation.
E-Cell: What does the term Entrepreneurship means?
Neeraj Gupta: Entrepreneurship is all about taking risk and creating value for a business. Every single business has two outputs,
(a) The impact you create; as in, the value the product/idea adds to the ecosystem, and
(b) The monetary value that the business generates.
A sustainable business is a one that creates an impact while generating substantial monetary value, so, in a nutshell, entrepreneurship is all about taking risk and creating value.
Continue reading “Startup Sunday Season 2 Episode 25 (Neeraj Gupta)”