Article on November 09, 2016
Wallets, Big Ecomms Rejoice But Startups Dealing By COD Slow Down
It’s always the small guys that will suffer. Regardless of PM Modi and many praising the move, his surprise lock down on banks, ATMs and the demonetization of the 500 and 1000 rupees notes will affect the companies who are just getting on their feet.
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India Deals: Mobile Marketing Tech Provider Tune Enters into India and 9 More Updates
Anil Ambani-owned Reliance BIG Entertainment, which houses the media and entertainment business of the group, is entering into the video-on-demand space with its new over-the-top (OTT) mobile application Chillx.
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FirstJob - Mobile App Based Recruitment Platform That Makes Hiring Easier
FirstJob has created a platform that connect employers wanting to hire in bulk for entry level/ front line roles with young job seekers in the smaller towns and rural areas.
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OnlineTyari Raises Series A Funding from Michael & Susan Dell Foundation, Contrarian Capital and Others
OnlineTyari was founded in 2014 by Vipin Agarwal and Bhola Ram Meena, both graduates of IIT Kanpur. They have have extensive technology and startup experience and have worked in an advisory role with the Government of India on the Digital India initiative.
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Paytm Sees Exponential Growth in Offline Payments, Post PM’s Announcement
Within hours of the Prime Minister’s announcement, the company has registered a 200% hike in number of app downloads and 250% surge in number of overall transactions and transaction value.
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Indian Women Will Be So Disappointed #TrumpthenewPOTUS
According to a poll Tinder conducted, 96% of female voters in India matched with Hillary Clinton. The ‘Swipe the Vote’ poll surveyed users in the U.S., Argentina, Australia, Brazil, Canada, Chile, Colombia, France, Germany, India, Japan, Korea, Mexico, Russia, Spain and the U.K.
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Trump Beats Clinton; Walks Victorious to the White House
Donald Trump pulled off a shock US election win after channeling Brexit style forces to defeat establishment candidate Hillary Clinton. Clinton confidence to become America’s first female President rapidly disappeared as results started coming in.
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The 500, 1000 Issue - What Startup CEOs, Founders, Investors Are Saying
The ewallets are celebrating all the way (please refer to Paytm founder’s face), especially with the nearly 80% increase in transactions in just 12 hours.
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Read Founders’ Views on Government's Recent Announcement on the Ban of Rs.500 and 1000 Currency Notes
Without doubt, this will bring down frauds and thefts and costs of printing cash. Overall, if executed well, the costs of doing transactions between buyers and sellers will lower significantly by 2019.
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Square Yards Gets $12M from Reliance Group
The company has been able to generate exceptional growth in all key business metrics, and currently boasts of net revenue run rate of $1.5Mn - $2Mn per month (annualized ~ $25Mn) and transaction run rate of ~600-800/month; exponentially more than any online or organized offline real estate player in India.
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