Startup Roundup March 17, 2016

Startup Usermind Comes Out Of Stealth With $14.5 Million And Ambitious Plan For ‘BizOps’ Software – Forbes

Michel Feaster sensed a pattern developing in how companies were using software to get their work done. Marketers were signing up for their own product, Marketo, to better manage their tasks. Salespeople were living on Salesforce. For human resources, there was Workday. And so on. “Now that this software has been in the market for 10 or 15 years, there are hundreds of purpose-built functional tools,” Feaster says. “What was considered success?” 

Things Are Finally Getting Real for On-Demand Startups – Fortune

The on-demand economy is here, friends, and if you aren’t using an Uber-like app for all your grocery, housecleaning, parking, lawn mowing, and personal butler needs, you are missing out. And even if you’re not, have you considered the Uber for massages? How about haircuts? Or perhaps flowers, restaurant reservations, laundry, booze, marijuana, dog walking, cat sitting, or pizza? What about HourlyNerd, the Uber for on-demand business consultants?

Today’s startups for on-demand services have stretched a good idea to its utter limits. Amid the scramble to re-create the success of the original “Uber for X” company—Uber—venture investors poured $17.8 billion into the category last year, according to CB Insights. 

Nine Investment Platforms That Can Get Your Startup Funded | NDTV

India’s startup ecosystem has matured significantly in the last few years, and despite the slowdown in large follow-on funding rounds, there has been a proliferation of investor matchmaking portals that promise to make it easier for startups to secure early stage deals, and give angels an opportunity to invest in startups.

These platforms connect startups and founders to angel investment networks, accelerators, startup programs, and VC funds. Startups in turn are looking to get backed by super angels or marquee VC funds – these platforms let them access a global network of high net worth investors and mentors. 

Tech-trendy Ace, M, Z In London Rank High For Startup Buzz – Forbes

One clear sign of startup clusters developing in emerging hubs are construction cranes.  From London’s Shoreditch district to San Francisco’s Mission area, a building boom is underway.

Co-working spaces, boutique hotels, trendy restaurants, art gallery, retail outlets and cafes are popping up by the dozens, along with jammed roadways – bikes and cars.  I’ve just returned from London and am in awe of the development going on at the city’s Silicon Roundabout — now the core of Europe’s startup scene. 

Nasscom to set up warehouse in Vizag to empower 10,000 startups

The industry body signed a memorandum of understanding in this regard with Andhra Pradesh Government in the presence of Chief Minister N Chandrababu Naidu here today. The warehouse will provide a co-working space for start-ups to be housed for 6-month incubation terms, create a co-working space for entrepreneurs to use on a daily/weekly basis. There will also be well-equipped community events for meeting with investors and venture capitalists. 

THE POINT: Lean start-ups will excite SA’s young people | Opinion & Analysis | BDlive

LUMKA Mphande (27) from Tembisa is a call centre supervisor who started his own business, Bumka Scooter Rental. He rents out 125cc motorbikes to delivery businesses, such as pizza and sandwich outlets, in Tembisa.

“With many businesses utilising motorbikes for deliveries, I saw a gap in the market to rent out a few in my area,” Mphande explains. “I paid cash for all of them and I maintain a very simple lifestyle in my effort to save as much money as I can to plough back into my business.”

Lumka was recently named “top entrepreneur” in a competition run by Three Ships Whisky and one of SA’s most successful entrepreneurs, Vusi Thembekwayo. 

Twist in startup tale: Flipkart and Amazon may have explored sale talks, say sources – The Economic Times

Flipkart considered selling itself to Amazon, a chorus of voices in the investment community told ET, upending conventional thinking that India’s largest online retailer would go the full distance as an independent Internet giant.

In all, half-a-dozen sources told ET of the discussions between Flipkart and Amazon, and emphasised there is no reason to believe that a deal will be struck or that talks are still ongoing between the two. 

We need a startup for that: Healthcare companies pitch their problems to entrepreneurs – GeekWire

Laurent Rotival sees two problems facing the healthcare industry: baby boomers and millennials. Baby boomers are so numerous they’re putting pressure on healthcare systems to accommodate their needs as they age, and millennials are just as needy in their demands for quick, easy, technologically-enabled healthcare. 

Startups could be lost to Australia under tax change, Deloitte warns |

Kiwi entrepreneurs may set up businesses across the ditch if New Zealand doesn’t match tax incentives announced by the Australian government, consultancy Deloitte says.

Australian prime minister Malcolm Turnbull said retail investors would be able to claim back 20 per cent of the amount they invested in startups against their income tax bill, up to a A$200,000 annual cap.

Venture capital investors would be able to claim a smaller 10 per cent rebate in more established startups that were seeking to expand, he said. 


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