Startup Roundup March 15, 2016

Bhasha festival uncovers 13 startups working to ensure local languages thrive in digital ecosystem

The highlight of the first-ever Bhasha festival that united entrepreneurs, experts and policy makers to stand up for our local languages was the showcase of 13 startups working to ensure that local languages thrive in the digital ecosystem. 

Top Start-Up Investors Are Betting on Growth, Not Waiting for It – The New York Times

For the last few years, the spotlight in start-up investing has largely shone on those who poured money into a company when it was already well along on a growth path. It turns out that spotlight may have been misdirected.

While some investors are throwing giant sums into more mature start-ups like Uber and Airbnb at soaring valuations, it is the venture capitalists who identify a promising company at its infancy and bet on its growth who often come out on top. 

Tech Startups Call On Grown-Ups – Bloomberg Gadfly

All over Silicon Valley, the screws are tightening for unprofitable young technology companies. And in their zeal to show they are not heading to the startup scrapheap, more tech firms are turning to corporate sugar daddies.

A growing number of tech firms that sell consumer gadgets or services — including food and grocery delivery startups, fitness-band maker Fitbit and ride-sharing apps — are finding ways to make businesses, rather than consumers, help fill the coffers. 

11 tech startups graduate from Reliance and Microsoft backed accelorator

Reliance Industries and Microsoft Ventures backed startup accelerator The GenNext Hub announced the graduation of 11 technology startups from the second batch of its accelerator programme held at Mumbai. The GenNext Hub enables entrepreneurs to build their companies through an immersive, four-month-long programme. “At GenNext Hub we are supporting several of our startups from the second batch with strategic partnerships that will help them scale-up rapidly,” GenNext Chairman and RIL Board Member Raghunath A Mashelkar said. 

Food brands move to stave off decline, outmaneuver start-ups

Historically large brand name products in the supermarket have commanded more demand and higher costs. Those days, however, may be numbered.

Analysts say that as more upstarts get into the game, major food conglomerates are reacting in ways that suggest their hold on the public is slipping. That means big established food brands are being forced to innovate in new and unusual ways — and must look outside their own company in order to boost growth. 

Goldman Sachs To Acquire Fledgling Retirement Savings Startup Honest Dollar – Forbes

Goldman Sachs’ Investment Management Division announced Monday that it will acquire digital retirement savings platform Honest Dollar for an undisclosed sum. The Austin, Texas based startup brought its platform live just last summer with the goal of providing small- and medium-sized businesses with an affordable 401(k) alternative.

Approximately 45 million Americans do not have access to an employer-sponsored retirement plan, according to a Goldman Sachs Group GS -0.29% release announcing the acquisition. This massive savings gap is due in large part to the high cost–both in time and money–of offering such plans. Honest Dollar says its individual retirement account-based program can cost as little as $8 per employee per month and that employers can sign up in just 90 seconds. 

Why I chose Bengaluru to start up

I often get asked why I chose Bengaluru to start my entrepreneurial journey and how the decision has helped me. Today, I thought of penning it down.

I became self-employed in 2011. Till the day before, December 31, 2010 that is, I worked for SiliconIndia, where I was working as a Senior Product Manager and Director of Online Education.

Bengaluru has always been my biggest strength. The place is buzzing with energy and the people are amiable and multicultural. I would like to talk a bit about the history to throw some light on this. Bengaluru was multicultural even before India got Independence. Some parts of Bengaluru were under the British Empire and Madras Presidency and the rest was under the Mysore maharajas. Areas like Basavanagudi and Malleshwaram were under the Mysore Empire and constituted of mostly Kannadigas. However, places like the Cantonment Area, K R Puram etc., all had a significant population of Tamil and Telugu speakers. 

Australian startups head to Singapore to nurture their growth | ZDNet

Australian startups and established tech companies are heading to Singapore to find funding, business partners, and customers in a region where the government has invested years into becoming Southeast Asia’s Silicon Valley.

According to Gemma Manning, founder of Sydney-based Gemstar Technology, some Australian companies can find it easier to expand by tapping into Singapore, where the government has pumped AU$1.72 billion into innovation.

Manning, whose company is taking six Aussie firms on a trade mission to Singapore this week, hopes the Australian government will choose the city-state as one of five global Landing Pads that formed part of its AU$1.1 billion National Science and Innovation Agenda, which covered more than 20 measures centred on its “Ideas Boom” rhetoric. 

Are we there yet? A new crop of local startups is making travel booking more humane – The Boston Globe

If you’ve booked a hotel, car, or flight online in the last 15 years, you’re familiar with the drill: Pull up one of a dozen travel search engines, plug in your criteria, and wait to be hit by an avalanche of options. Even when you’re done digging out, you may be left wondering: Did I get the best deal?

The process of booking a vacation can be reason enough to need one. 

8 growth hacking tools to scale your startup

Growth hacking as a concept has really picked up over the last few years. There is a school of thought that is quick to call it a buzz word, while startups and other thought leaders, are calling it the next big thing. In the simplest sense, growth hacking is a ‘mindset first, technique second’ approach that uses analytical thinking, creativity and metrics to increase revenue and gain traction for your business. It’s a way of testing everything and then implementing methods to scale. 


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