This week was filled with new launches, renaming of startups, government announcements and how can we forget Google joining 1000 club. So in short, this week was a cheerful one for the startup world. And If you have missed any such happening, not to worry. We at IndianWeb2 brings for our reader a weekly dose of startup world.
Here are 10 news from startup ecosystem which you should not have missed:
A New Incubator for AgriTech Starups
Jindal Stainless Ltd. has formed the collaboration with the Japanese company Future Venture Capital Company Ltd. (FVCCL) to launch an incubation centre for agritech startups in India. The announcement was made at the ‘Krisi Unnati’ event organised by Confederation of Indian Industry (CII) in Bhubaneswar.
The Agritech Incubator Will Select 5–10 Startups for the first batch.
Israel Calling Women-Led Indian Tech Startups
Embassy of Israel in India has officially launched the fifth edition of the Start TLV Competition in India, on Thursday. The competition is for women-led startups (or at least one co-founder should be a female). In order to provide maximum benefits to all its participants, the Embassy of Israel has joined hands with the Indian government’s Startup India programme, TiE-NCR, YES Bank & YES Global Institute and CNBC-TV18. Last day to apply to the competition is July 7th, 2017.
Shocking! An Entrepreneur Receives Notice To Cancel His Firm’s Web Identity
A Delhi-based entrepreneur has received an email by the National Internet Exchange of India (NIXI) seeking the cancellation of his company’s domain by the name of “Startupindia.in”. NIXI demands the cancellation of the domain as it is “misleading and is in violation with the Startup India program.” This email was sent by NIXI on a request from Department of Industrial Policy and Promotion (DIPP) as it is creating a problem for the government who is currently using the “startupindia.gov.in” for its Startup India initiative.
Freshdesk Renames Itself To Freshworks
One of India’s most well-funded and Software as a Service (SaaS) startups, Freshdesk has rebranded itself as Freshworks Inc. It is a new umbrella brand that will bring together the company’s growing suite of business software. Following breakout growth of the company’s customer support software, and the introduction of new products for IT Service Management (ITSM), customer relationship management (CRM) and cloud-based call centers, Freshworks products are designed to help companies better engage and communicate with their customers and employees. Precisely six years after launching Freshdesk, Freshworks has became a SaaS powerhouse with five offices in Chennai, San Bruno, London, Sydney and Berlin.
Google Lovers Here Comes The News Of Google Joining $1,000 Share Club
Alphabet, Google’s parent company has joined $1,000, a share club. And this news comes just six days after e-commerce giant Amazon accomplished the same milestone. The California-based company’s Class-A shares crossed the $1,000 per share threshold and climb as much as 1.13 percent to $1,007.4. The tech giant’s shares have surged by a quarter since the start of 2017. Alphabet’s stock success can be attributed largely to its continued dominance in the search engine market with Google search, and the ad revenue that comes along with it.
Launch Of Accelerator Programme In Bengaluru By NetApp
Us-based storage and data management company, NetApp has launched the NetApp Excellerator programme in Bengaluru. It is the company’s first startup nurturing initiative in India which is designed to help startups create world class products and innovative solutions that are market ready.
The applications, for the four-month programme are invited from startups working in the areas related to IOT, cloud, big data and analytics, machine learning, virtualization, data security, storage and data management, and other adjacent areas. Selected startups will receive technology and business mentorship along with the access to markets and investors.
Airtel Business Rolls Out Digital Platform To Serve SMEs & Startups
Bharti Airtel’s B2B ARM, Airtel Business has launched a dedicated digital platform to serve the growing connectivity, communication and collaboration requirements of emerging businesses, including SMEs and Startups. The platform will offer solutions to emerging enterprises to enable ease of business and faster time to market.
Airtel’s new digital platform will offer connectivity solutions to start with and will be integrated with more solutions periodically. Emerging businesses can now discover and buy connectivity plans in just three easy steps which will eliminates multiple layers of traditional processes to offer a fast and convenient way to identify connectivity solutions.
Good News For Indian Subcontinent. India Leaves China Behind In Ease Of Doing Business
According to the 2017 Global Retail Development Index (GRDI), India has emerged at the top position among 30 developing countries in ease of doing business and what came as a surprise was, India leaving China behind.
Yes, the study, which ranks the top 30 developing countries in the world for retail investment worldwide and analyses 25 macroeconomic and retail-specific variables, explained that India’s stupendous performance on the index can be attributed to relaxation of FDI rules introduced by the central government and a consumption boom being witnessed in the South Asian country. The consumption boom is courtesy the country’s growing middle class and rapidly increasing consumer spending.
Now Entering German Market Becomes Ease For Indian Startups, Here’s How
After the news of India leaving China behind in ease of doing business, here comes the another good news for Indian startups. According to a startup exchange pact, which is likely to designed between Govt of India’s Startup India and German Startup Association, Indian startups may soon get easier access to the German market.
A formal agreement between the two countries is being worked upon and is likely to be signed soon. The agreement will be signed between Startup India and the German Startups Association, which has about 650 startups and 50 partners, including corporate entities and venture capital firms, and coordinates with the United States, China, India and Israel.
Acquisition Time. Product Discovery Platform Shoppist Gets Acquire By Roofpik
Real estate property and broker review platform, Roofpik has acquired product discovery platform, Shoppist. The acquisition will strengthen Roofpik core team and bring personalized property recommendations to its users.
The acquisition was driven by Roofpik’s interest in Shoppist’s use of NLP technology, which helps consumers discover the most relevant products based on their user persona. With this technology, Roofpik will be able to validate reviews and generate meaningful analytics from over 5,000 user reviews that are currently live on the platform.
Israel’s OurCrowd Enters Into Strategic Collaboration With India’s Reliance Private Client
Jerusalem-based equity crowdfunding platform, OurCrowd has entered into a strategic collaboration with India’s Reliance Private Client, in which the Indian wealth management firm will be offering its clients the option of investing in the Israeli company’s funds and startup portfolio.
The agreement between Israel’s OurCrowd and India’s Reliance Private Client will aim to build the former’s presence in the Indian subcontinent. Once this aim is substantially conquered, the equity crowdfunding firm hopes that it will be possible for its portfolio companies to export their products to the Indian market.
Israel To Support Women Entrepreneurs, Launches Start TLV Competition In India
The Embassy of Israel has launched the fifth edition of the Start TLV Competition in India. The competition is a platform to support women entrepreneurs in the country and helping them in accelerating the growth of their startups. In order to provide maximum benefits to all its participants, the Embassy of Israel has joined hands with the Indian government’s Startup India programme, TiE-NCR, YES Bank & YES Global Institute and CNBC-TV18. Last day to apply to the competition is July 7, 2017.
The ‘StartupIndia.in’ website which belongs to Startup India Advisory Services Pvt Ltd was incorporated in the Ministry of Corporate Affairs in July 2015. The company, which provides advisory services to tech based entrepreneurs has now even put up a disclaimer on the website stating that it has no relation whatsoever with the Indian government’s Startup India initiative.