From the Startup World — April 13

What's happening around the world...

 

A compilation of important news from the startup world:

 

INDIA

Top News

 

Will on-demand home services startups in India deliver?
Leveraging the might of technology, home services as a sector has been seeing considerable interest as it looks to link local services to consumers. Whether it is dispatching somebody to repair faulty appliances, getting clothes washed, ironed and delivered to you on your doorstep or having a fitness instructor train you at home, startups, in an attempt to organize this highly fragmented sector, are offering these and many more at the click of a button…..

For Indian startups, tenacity beats high tech
In Silicon Valley, the general investment thesis for a technology investor tends to be around how strong a company’s underlying technology is and how defensible it will be over time. In emerging markets like India, however, tenacity is what attracts people. This illustrates that until now the Indian startup market has been more about great execution than cutting-edge technology…..

Delhi-based VegFru takes fruits and vegetables trading online, raises funds from Wingify
Delhi-based enterprise software company Wingify has invested an undisclosed amount in an online B2B marketplace for fruits and vegetables, VegFru.com. Founded in June 2015, VegFru connects farmers, suppliers, retailers and buyers on a single platform…..

Banking With The Brightest: The Rising Courtship Between Banks And Startups
The reasons are pretty much clear. India is amongst the first five largest startup communities in the world, with the number of startups crossing 4,200 (at a growth of 40%) by the end of 2015. According to the Nasscom Startup Ecosystem Report 2015 titled ‘Startup India – Momentous Rise of the Indian Startup Ecosystem’, in terms of providing a conducive ecosystem for the startups to thrive, India has moved up to third position and has emerged the fastest growing base of startups worldwide.

Prince William, Kate Middleton attend start-up event; laud India’s innovation, technology
The royal couple launched the third edition of the Tech Rocketship Awards, where successful Indian startups are flown to the UK to meet venture capitalists and mentors. Impressed with Indian innovations, Duke of Cambridge said entrepreneurs have a major role to play as the country is home to a sixth of the world population…..

CXOs under 40 in demand at start-ups
Requirements like these are becoming more commonplace as emerging companies look for relevant experience that is matched with how well the recruit will fit into an unstructured environment like that of a start-up.And premium executive search companies have been getting more such mandates in the past year…..

VC firm Fenox eyes Indian tech startups as next investment target
Silicon Valley-headquartered Fenox Venture Capital has named Venktesh Shukla, serial entrepreneur and chairman of TiE Global, a General Partner (GP) at the firm as it looks to expand the Asian investment franchise with India as a target market…..

This startup wants to reduce your mobile repair hassles
Buzzmeeh is a own mobile servicing and repair company in Noida. Started in 2015, the bootstrapped startup offers quick, reliable and cost-effective service for Delhi-NCR mobile users. Buzzmeeh’s business model focuses on service delivery, with an in-house team of certified mobile repair professionals…..

‘Virtual explosion’ of entrepreneurship going forward in India: Anand Mahindra
Mahindra Group Chairman Anand Mahindra says energy levels of Indians make him believe there will be a “virtual explosion” in entrepreneurship going forward.The noted industrialist was speaking to reporters on the sidelines of the launch of a start-up award……

 

GLOBAL ROUND-UP

KPMG launches Digital Village to fill a crucial gap in the startup ecosystem
Incubators, accelerators, and other startup support programs abound in every startup hub in the world today. Many of them are giving stellar support to fledgling startups. But much more can be done to fuel innovation and commercialize it. With that in mind, KPMG, one of the world’s biggest auditing and financial services companies, has launched in Singapore KPMG Digital Village, a collaborative ecosystem of innovators, investors, and corporates innovating and reaping its rewards together……

HaxAsia hardware accelerator rebrands as Enchant VC, launches new program
Previously known as HaxAsia (no relation to SOSV’s Hax), the hardware accelerator and venture capital firm is launching its startup program anew this year. 12 startups have already signed up, but the program is still open for more companies to join. The rebranding comes as Enchant wants to focus on products that people will want to use every day……

Alibaba Cloud’s new programme to help startups accelerate their business growth  
Alibaba Cloud — the cloud computing arm of Alibaba Group — has launched its first global startup programme called Create@Alibaba Cloud. The programme — which is an expansion from Alibaba Cloud’s previous initiatives in Hong Kong and China — is aimed at enabling startups to maximise their potential through Alibaba’s support network and suite of cloud infrastructure services……

Vietnam’s Edtech startups win $90K from Google, FB  
A total grant of $90,000 from a Google and Facebook-sponsored edtech competition was given to four Vietnamese education startups at the first Edtech Asia Hackathon 2016, held by Topica Edtech Group. Social and emotional learning app Kid REC, developed by Eezy team, won the $80,000 FbStart prize from social network giant Facebook for the best mobile app category.

How two Harvard students’ e-mailed pitch got noticed by Southeast Asia’s banks
Their success as entrepreneurs, while still enrolled in the top MBA program in the U.S., shows how banks in Asia are eager to join with financial technology firms rather than get beat by them. In a global survey of financial services executives by PricewaterhouseCoopers, 95 per cent of bankers said part of their business might be lost to fintech companies…..

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