Startup Roundup July 5, 2016


SAP StartUp Studio: A garage that can transform ideas into successful companies

SAP, the $23.3 billion market leader in Enterprise application software has upped its game in India, by bringing into its campus in Whitefield, Bengaluru, the first batch of startups that are working on core technologies like artificial intelligence and cloud-based software. 


Indian tech start-ups in hiring freeze — FT.com

India’s internet companies are racing to cut costs amid a cooling of investor sentiment towards the sector, which had been one of the most conspicuous targets for a global surge of funding into technology start-ups over the past two years. 


Hiring Your Friends Could Be the Best Thing for Your Startup – Fortune

Many entrepreneurs tend to recruit good friends and former colleagues to help get new ventures off the ground. The commonly cited adage is to avoid going into business with friends and family, but I’ve never followed this advice. Whether you’re a fledgling founder or a startup veteran, working with people you know and trust can be a solid strategy.  


Venture capital spend on European startups has fallen by $1.5 billion – Business Insider

Venture capital funding for European technology startups is down $1.5 billion (£1.1 billion), according to research firm Pitchbook


Why co-working spaces in India have startups and entrepreneurs hooked – The Economic Times

The monumental work that follows starting up truly begins to manifest itself when investors and other stakeholders come knocking. As meetings on precarious subjects are scheduled with the weight of deadlines hanging in the balance, pending utility bills or malfunctioning internet networks may be enough to break the momentum. 


[Funding Roundup] Indian startups raise $2.1 billion in H1 2016, a 40% decline compared to H1 2015

As much as the industry would hate to admit it, the year 2016 has not been kind to startups so far. Many younger startups have shut down, big boys got devalued, job offers were pulled back, and competition was never fiercer. Save for online marketplaces and fintech startups, which are obviously interlinked, investment inflow into the country has been dull, compared to the previous year’s Q1 and Q2


How to reverse engineer a startup while blazing a ‘more assured path to success’ | Financial Post

David Baxter admits when he and his startup co-founder approached a senior manger at McCain Foods about a possible partnership, they did so with a vague pitch. 


Election 2016: Tech start-ups fear repercussions of Turnbull’s election shocker | afr.com

Leading members of Australia’s burgeoning tech scene have warned the electoral bloody nose handed to Prime Minister Malcolm Turnbull could take the wind out of its sails if previous bipartisanship towards innovation falls victim to fresh political jostling. 


DIPP to organise startup festival in Hyderabad in September – The Economic Times

The Commerce and Industry Ministry will organise a ‘Startup Fest’ in Hyderabad in September, with a view to showcase innovation and provide a collaboration platform.


Startup Airwallex to take on the banks, Western Union and Paypal | afr.com

Having raised $5 million, from backers such as Gobi Partners, Melbourne payments technology start-up Airwallex is ready to launch. There are also plans in train to raise up to another $20 million before the end of the year.  


Bengaluru is not the hottest startup destination in India any more — Quartz

In the first six months of 2016, startups in the Delhi National Capital Region (NCR) attracted almost twice the amount of investments raised by those in India’s technology capital, Bengaluru. 


Publicis chief sees France luring start-ups — FT.com

The head of one of the world’s biggest advertising groups has said that France could be the biggest beneficiary of Brexit driving venture capital funding for start-ups away from London. 


Ayesha Curry launches a new food-delivery startup | TechCrunch

The head of one of the world’s biggest advertising groups has said that France could be the biggest beneficiary of Brexit driving venture capital funding for start-ups away from London. 


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