Data-driven lending by banks and non-banking financial institutions will help bring formal credit to more individuals and micro, small and medium enterprises, giving the sector an edge over moneylenders, according to research by think tank Indian Software Product Industry Round Table (iSpirt). “W…
Tag: iSPIRT
Why Telangana is building the world’s second largest start-up incubator
In 2014, venture capitalists invested nearly $5 billion in Indian start-ups, mostly across metro cities. Hyderabad, with less than 10 per cent of the pie, was miserably behind Bengaluru, Mumbai, Delhi and Chennai. Founders would often relocate to Bengaluru and engineering graduates would skip tow…
Start-ups will be the force multiplier to catapult country into a $10 t economy by 2030: iSpirt
India, which is in the midst of a startup boom, is ready to retake its place as a top five global economy by 2030, when its gross domestic product will cross $10 trillion. Sanjay Anandram, Advisor at iSpirt, a think tank for the Indian software products industry, said India is optimising to empow…
India is now a key market for SaaS start-ups
India’s decade-old software-as-a-service, or SaaS, sector that has traditionally catered to overseas clients is experiencing a reversal of sorts with a surge in domestic demand. A bunch of young SaaS startups, including customer analytics platform CloudCherry , web optimisation firm Zarget …
Advantages of Indian SaaS start-ups over their US counterparts
Software-as-a-service (SaaS) is easily a popular narrative in India’s startup ecosystem. While successful SaaS firms, such as Salesforce and Freshdesk, have made horizontal play in SaaS a strong focus, over the last 3 years, vertical SaaS product launches have overtaken horizontal ones, a survey …
Security tech start-up Seclore bags three deals from govt
Bengaluru: Security tech startup Seclore Technology, which provides enterprises with digital rights management solution, sees huge business opportunity in the Indian security space. The Sistema Asia Fund-backed startup has recently signed up with three security-based projects with the Indian gove…
Why Indian SaaS start-ups are set to rule the world
The Indian software-as-a-service (SaaS) ecosystem is witnessing an increase in activity in terms of new startups emerging and establishing themselves. There’s a belief within the industry that by 2025, India will become the SaaS hub of the world. SaaS is a software distribution model in which app…
Software products firm Zoho pumps $10 mn in 5 start-ups
Bengaluru: Software products firm Zoho has invested nearly $10 million in five startups, including machine-vision company Zentron Labs and medical devices maker vTitan, to help the founders during the research and development phase. Zoho, which builds products for enterprise data management and i…
Booming Indian start-up industry fails to fill policy void
More than 120 startups have been created by former employees of online shopping portal Flipkart and 36 by ex-employees of its subsidiary Myntra, according to the Tracxn database. The Flipkart economy of 156 startups is a microcosm of the local ecommerce ecosystem that has bloomed in less than 10 …
Starting up just to make money is the wrong reason for start-ups: Panellists at IIMBue 2016 Summit
Starting up just to make money is the wrong reason for start-ups, said panellists at IIMBue 2016 – summit hosted by the Alumni Association of IIM Bangalore. Participating in the panel discussion on ‘Un-Tabooing of Wealth’ by Kunal Shah, Founder & Chairman, FreeCharge; Aprameya Radhakris…