Only 497 start-ups have been set up so far, which, even by the most conservative estimates, is set to be the lowest in the last three years by a huge margin
…
Tag: Taskbob
The start-up hub that was once in contention to be India’s Silicon Valley is battling persistent storms
There is an alley going towards the washroom at Starbucks in Powai. Both male and female entrepreneurs have pitched their ideas to me while waiting their turn to use the loo. That is the kind of exuberance that existed back then,” said investor Sanjay Mehta, recalling the heady days of Mumbai’s s…
Mumbai start-ups see 44% decline in funding in one year, reveals data
Mumbai, which spawned a bunch of high-profile startups like Housing.com and attracted millions of dollars in investor capital over the past few years, registered a 44% decline in funding deals in 2016, even as Pune managed to buck the slowdown. Mumbai struggled as its startup epicenter Powai saw …
How online start-ups are reshaping the informal jobs sector in India
For Bharathi, a Class X pass woman with two kids, life has been tough. The Bengaluru based cook would often start work at 7.30 am and not wrap up before 8 pm, with a two-hour afternoon break. Living near the factory of Bharat Earth Movers Ltd, she would work at seven houses in the neighbourhood, …
Ratan Tata-backed UrbanClap to launch in Middle East & SE Asia
Bessemer Venture and SAIF Partners funded start-up Urbanclap plans to launch its services in international markets such as Middle East and South East Asia in 2017, CEO Varun Khaitan. “We are following a model of very less feet on street. This gives the agility of launching in any city faster. Thu…
Start-ups to join Google class in June
Google announced on May 11, six Indian start-ups would join its Launchpad Accelerator at the tech giant headquarters at Silicon Valley in California in June. This would be the second class of Indian start-ups. They will join 18 promising new companies from Brazil, Indonesia and Mexico. The two-we…
For entrepreneurs, ‘failed, not fallen’ is the echoing theme
In the fast-paced world of start-ups, what does an entrepreneur do when his first venture or idea fails? Undeterred, the entrepreneur ventures into the next, as he or she is now richer in experience and hardened by the failure. Their motto being: ‘failed, not fallen’. A case in study is that of U…