A compilation of important news from the startup world:
6 Indian Startups Shortlisted For Google’s Launchpad Accelerator Program
Internet behemoth Google has shortlisted six Indian startups under the Google Launchpad Accelerator Programme for mentorship at its headquarters in Silicon Valley, California. Taskbob, Programming Hub, ShareChat, RedCarpet, PlaySimple Games and Magic Pin are the six startups which will start the programme on June 13, 2016. “The six month long mentorship programme for mid to late stage start-ups will include $50,000 in equity-free funding, a two-week all-expenses paid bootcamp at Google headquarters, six months of ongoing mentorship and access to Google’s full suite of Launchpad initiatives and connections and product credits including Google Cloud and other products,” said a Google statement.
How Indian On-Demand Laundry Startups Are Washing Their Way To A Market Worth Billions Of Dollars
Fill it, shut it, forget it.
This famous tag line of the 1980s commercial of Hero Honda Splendour bike in the 1980s was a wonderful example of brilliant single minded communication which assured buyers of the peace of mind as far as fuel economy was concerned, thus valuing their convenience, time, and effort. Three decades later, the same convenience is being assured by startups in an entirely different space altogether-surprisingly on-demand laundry. Their proposition is simple. Fill your bag with clothes to be washed, leave it at the door, and forget it! The rest will be taken care of them-from picking them up, to washing, to dry cleaning, to ironing, to delivering it back to your door crisp!
More collaboration with startups will have significant implications on jobs, poverty & health
The stars of the Indian start-up universe, like Ola, Swiggy, Foodpanda, etc, have become much more popular than even the country’s IT majors. In India, the start-up segment is growing faster than the other, more established ones. This pacy setting up of start-ups covers many sectors—from e-commerce to tours and travels and from food delivery to app-based laundry services. Start-ups are also springing up in sectors like energy, manufacturing, etc. The stars of the Indian start-up universe, like Ola, Swiggy, Foodpanda, etc, have become much more popular than even the country’s IT majors. Their growth stories are also remarkable, especially if one accounts for the short period of time within which they have become established brands.
IDG Ventures India looking to back consumer tech & digital media startups
Venture capital firm IDG Ventures India has launched a Digital Consumer Innovators programme to provide assistance to startups across consumer internet and digital media space, including Digital Content / Video / Entertainment, Vernacular / Local languages, content-led commerce models, enabling platforms for consumer tech and consumer mobile applications. Startups in Consumer Technology and Digital Media looking to raise Seed or Series A rounds of funding can apply to this programme. Applications open on May 13 and close on May 19. Once companies are shortlisted, the IDGVI team will individually meet them in Delhi on May 25th and in Bengaluru on June 1st.
Mentorship for a startup is critical in India: EO’s Chiranjiv Patel
Entrepreneurs’ Organization ( EO ) is a global network exclusively for an entrepreneur that provides networking and learning platform to founders who have already achieved a level of professional success. Only owners, founders or majority stakeholders of a business earning a minimum of $ 1million in the most recent fiscal year can be a member of Entrepreneur’ Organization (EO). With 15 regional chapters, EO South Asia is one of the most active communities today. The consolidated sales of the members of EO South Asia alone amounts to $ 222 billion, and its newly elected Regional Director, Chiranjiv Patel talks about startups, entrepreneurship, mentoring and the role EO can play in India.
Indian start-ups help Russian businessman become billionaire
Leonid Boguslavsky first entered the Forbes list of billionaires in late 2015, with a personal net worth of 1.2 billion dollars. Among one of the earliest Russian venture capital investors, he has invested in a variety of Indian start-up ventures, and credits these for his financial gains. Funds for many of these investments in Indian start-ups came from the successful sale of his businesses; in 1996, he sold his company, LVS System Integrator, to the PwC Consulting Firm. Boguslavsky, along with a pool of investors, created ru-Net Holdings in 2000 and invested in the startup Yandex, which soon became one of the largest Russian IT companies and owner of the Internet search engine of the same name and an online portal. A few months later, after leaving PwC, he invested in the online store Ozon. Then there were the successful investments in the coupon service Biglion, online cinema ivi.ru, and the mapping service 2GIS.
India’s first startup hostel comes up in Bangalore
For startups working on a tight budget, a penny saved is a penny earned. And at a time when investor funds are drying up, cheaper digs for that out-of-city meeting with clients can be a godsend for their founders. Construkt Media’s Startup Hostel, a first-of-its-kind initiative offering convenient, community-curated, business-friendly hostel accommodation for the travelling startup and creative community, therefore, should be a big hit with entrepreneurs. And what better city than Bangalore, the startup hub of India, to host the first of such hostels! “It’s basically a place designed with a mix of backpacker culture and hacking culture and we would like to call it ‘hackpacker hostel’,” says Shashi Kiran Rao, founder of Construkt Media, an entrepreneur platform in Bangalore. Rao is also an entrepreneur-in-residence at startup accelerator NUMA and Airbus BizLabs, an initiative by Airbus to identify startups that have business application in the aviation industry.
Cab pooling startup Derbii raises seed funding
Cab pooling app Derbii, run by Winwincab Rides Pvt. Ltd, has raised an undisclosed amount of seed funding from Accenture managing director Anurag Chauhan. “We’ll use the new funds to improve our technology, get more users, and increase the number of cabs on the road,” Gaurav Sinsinwar, co-founder, Derbii told Techcircle.in. The Derbii app is focused on providing carpooling services for office-goers in Delhi NCR. It allows users to post requests on the app and also offers services such as GPS tracking and online payments.
How startups are transforming the home cleaning space
Ever went to hotel and wondered if your washroom was as clean and decorated or ever wanted to wake up to chocolates on your pillow and duck folded napkins on the table. If yes, you are not alone. An increasing number of people are hiring specialised cleaningservices for hotel like housekeeping levels at their homes. According to Vatta, a Delhi based cleaning services company. Many people are subscribing to their new line services where in one will have two housekeepers to come and do your room and bathrooms just like a five start hotel.