Cloud Kitchens Startup Box8 Raises $15 Mn from eWTP Ecosystem Fund, Others

Box8, one of India’s largest cloud kitchen startups has raised $15 million led by eWTP Ecosystem Fund. Existing investors Mayfield and IIFL Seed Ventures fund have also participated in this round.

Started by two IIT graduates Amit Raj and Anshul Gupta, Box8 is a technology first, full stack cloud kitchen company that is known for its All-in-1 meals, Desi Boxes & more. They own the entire value chain, from procurement of high-quality ingredients to food preparation to the last mile delivery, hence ensuring superior customer experience every time.

Box8 has a presence in 4 cities: Mumbai, Bangalore, Pune and NCR delivering over 1 million meals every month from the company-owned 110+ cloud kitchens. Its network of cloud kitchens negates the high rental & operations costs incurred by traditional restaurants and has workflows better suited for delivery.

Box8’s parent company, Poncho Hospitality Pvt. Ltd. also owns and operates the pizza delivery brand- MOJO Pizza. In less than 18 months since its inception, MOJO Pizza has grown to be the largest home-grown Pizza delivery chain delivering over 3 lakh pizzas a month. It leverages the existing delivery fleet, technology platform and the network of 110+ cloud kitchens across 4 cities.

eWTP Ecosystem Fund is headed by Mr. Youngfu Yu, a founding member of the popular Chinese web browser company UCWeb. He later became a key leader in the Alibaba ecosystem: heading multiple businesses, including Autonavi, Alimama, and Alibaba Entertainment Group.

“We are solving the biggest unsolved problem in food delivery, which is the preparation of food itself. Traditional restaurants simply have a different DNA: their food is all about experience and is meant to be eaten immediately. We are a delivery first company, designing our food keeping in mind that it will be in transit for another 10-15 minutes. Our in-house fleet delivers 100% of our orders, this gives us even greater control over the food quality,” says co-founder, Amit Raj.

“Restaurants are still lagging in technology adoption. Even the biggest brands run on archaic systems with human dependent inventions. We have built our proprietary technology platform grounds up, which forms the backbone of our seamless operations. After all, we are solving two big problems: on-demand preparation of high-quality food and delivering it piping hot within 25 mins. To keep doing this at scale, we would double down on tech,” says co-founder, Anshul Gupta.

With this additional funding, they plan to rapidly scale the business geographically to 5 more cities with 100 more kitchens in the next 12 months. They are planning to aggressively acquire talent & invest deeper in technology.

[Published unedited via BusinessWire India feed]

Collegedunia.com: Journey from a Flourishing Startup to Leading College Review Portal

Searching out colleges to take admission post 10+2 is something through which we have all gone through. As a student, you need to know four basic things about the college/university before taking a call. These four things being quality of education offered, fee structure, views of current students and the alumnus, ranking/rating of the institute.

However, it is a difficult task to garner this basic information about the colleges/universities. The idea of getting all this information in regards to colleges and exams across India and abroad at one place is something that student community wanted badly. To bridge this information gap and to help students, parents and teachers get all the necessary information about colleges and universities at one place Collegedunia.com emerged as an idea.

The vision of empowering students with the knowledge to help them take a wiser decision in regards to choice or career and alma mater paved the way for its establishment. Collegedunia.com comes as a comprehensive repository of college/universities and career-related information like exams for both parents and students. Students can search the colleges based on the alumni reviews about the colleges.

Since its inception, Collegedunia.com has guided lakhs of students across India (and abroad as well) in making smart and rational decisions in regards to their career and institute selection. From a limited number of colleges and courses, Collegedunia.com has become the segment leader in the country. The platform is the leading college review portal of the country at present.

Collegedunia.com is a brainchild of BITS Pilani Alumni Sahil Chalana. Founded in 2014 the company began its work as a niche startup. As per Sahil Chalana, there exists a huge gap in regards to the data and its quality that students and parents look out for in the pre-admission phase. Due to which he stepped in with the idea of Collegedunia.com and built a team of young and motivated individuals. With an average employee age of 25 years, Collegedunia.com is a team of 250 plus youths who want to contribute to the society meaningfully.

Lack of information can be detrimental for career and institute selection, and that’s where collegdunia.com comes in to guide and aid the students. Its large community of students and alumni help in decimating useful knowledge to the students.

The information available on the website is quite extensive. From popular courses like medicine and engineering to vocational and study abroad information you can find it all here. Collegedunia.com comes as a one-stop destination for all your searches related to career, college, courses, admission process, etc.
At present, the website houses information about more than 15,200 colleges and over 16,000 courses and 330 exams. From rank, location, to ratings one can find all the specific information related to colleges/universities on the website.

Keeping in mind the ease of accessibility and the popularity of mobile apps Collegedunia.com has come up with an app based interface as well. Students can access all this information easily and effectively with the mobile application of Collegedunia.com.

Collegedunia.com also collaborates with the college fests through which students come up to the platform and give reviews about their colleges. With ever expanding information base and popularity, Collegedunia.com wants to take its vision to the next level shortly. The long term vision of the firm is to deliver to the admission needs of the students in an end to end manner. For that involvement of the student community with the platform is the plan ahead.

Collegedunia.com has already started the student engagement process with its reward-based mechanism. The platform offers attractive cash prizes to students who provide valuable information about their college/universities. So, more colleges, universities, and career guidance is what you can expect from Collegedunia.com in the future. From a start up to an established company of more than 250 members, Collegedunia.com established its own individuality as a most trusted college search portal due to its strong database.

India to Create 28 CoE to Promote AI, Blockchain and other Emerging Technologies

Software Technology Parks of India (STPI), under the Indian Ministry of Electronics and Information Technology, Government of India, is set to create 28 Centres of Excellence (CoE) across the country in emerging fields like Internet of Things (IoT), artificial intelligence (AI), cloud, augmented reality & virtual reality (AR & VR), blockchain and others.

This announcement was by STPI director, Sanjay Gupta, at recent event.

The upcoming CoE will work in collaboration with stakeholders, state governments, academia, industry and industry mentorship to provide a platform for startups and budding entrepreneurs across the country.

Just a few days back, STPI inked a MoU with US-based Fab Foundation for setting up the Fab Lab in Bhubaneswar, Orissa.

A Centre of Excellence (CoE) -- according to STPI -- is a domain-specific specialized incubation facility for start-ups in the area of emerging technologies where the highest-standards and best-practices in terms of infrastructure, technology, leadership, mentoring, training, research & development, funding, networking for the given focus area is made available.

STPI is responsible for setting up IoT OpenLab at Bengaluru, Electropreneur Park ESDM Incubation Centre at Bhubaneshwar and FinTech at Chennai.

In August last year, STPI had unveiled a new incubation centre as well as a Fab-Lab called 'STPI ELITE' for electronics and IT startups in Orissa state, located at Gothapatna locality in Bhubaneswar city.

Lot of CoEs have been set up in last couple of years including NASSCOM IoT-CoE. In January, Kerala Startup Mission, the nodal agency of the Kerala state government for technical entrepreneurship, partnered with Unity Technologies, a US-based game development company, to launch a CoE for AR/VR and gaming, in order to help the startup culture boom in the gaming and AR & VR sectors.

Last October, NASSCOM in collaboration with the Haryana government, had launched CoE for IoT at Gurugram.

Via ~ ElectronicsB2B

Sachin Bansal Reportedly Invests in Scooter Rental Startup Vogo

Flipkart co-founder Sachin Bansal has invested an undisclosed amount in the Bengaluru-based scooter rental startup Vogo, which is also backed by cab-hailing firm Ola, which in turn is also an investee company of Bansal.

Bansal has invested in Vogo as a debt investment through his treasury department which is managing some of his money and investing in a bunch of startups, reported Business Standard citing a person familiar with the matter.

Last December, Vogo raised $100 million from Ola, which would allow the later to add fleet of two-wheelers to the Ola app to enable its users to rent the two-wheeled devices. So far, Vogo has raised a total of $117 million in funding over five rounds leaving out this reported funding, which is yet to confirmed by Sachin Bansal or Vogo.

Vogo is counts many high profile investors including Matrix Partner, Kalaari Capital, Stellaris Venture Partners and Pawan Munjal, Chairman & CEO of Hero MotoCorp, among others.

Currently available at limited pick up and drop off points across Bangalore, Hyderabad, Manipal and Mysore, Vogo lets its customers to rent out scooters for short one way trips. Each scooter has a VOGO box attached that lets customers access the key without any human intervention and start riding. It has a fleet of over 4,000 scooters as of now.

Vogo ( Vehicle On the GO) was founded in 2016 by Anand Ayyadurai, an alumnus of Vishwakarma Institute of Technology in Pune and IIM-Ahmedabad, along with Padmanabhan Balakrishnan and Sanchit Mittal.

In September last year, self-drive rental platform Drivezy joined hands with Honda Motorcycle & Scooter India Pvt. Ltd. to receive 3,000 scooters on the former's platform in Bengaluru and Hyderabad. Bangalore-based Drivezy is reportedly looking at raising about $100 million in equity funding from Softbank and Amazon.

18 Tech Women Entrepreneurs Bag Funding from empoWer


Zone Startups
India hosted the demo day of the 3rd cohort of empoWer accelerator
program, on 29th March 2019 at the BSE International Convention Centre. The
demo day was attended by over 100 guests, that largely included the investor
community, industry leaders and large corporations. The grand Demo Day followed
a 6-month accelerator program, which connected these entrepreneurs to over 90+
mentors, including industry leaders and subject matter experts.





The 3rd cohort of empoWer was
launched in September 2018, with a focus on technology-led women-owned
businesses in enterprise tech and social tech. 15 women founders were
on-boarded as a part of the 2 parallel tracks. 
This edition of empoWer is in partnership with Indian Clearing Corporation
Limited (ICCL), a wholly owned subsidiary of BSE Ltd. (BSE), as the lead
Industry Sponsor and Department of Science and Technology (GoI), Government of
Quebec, Concordia University, La Coop fédérée, Caisse de dépôt et placement du
Québec and Amazon Launchpad,  as
Supporting Partners.





The launch was a part of a full-day
conference that was presided by 25+ women leaders from the industry. This was
followed by multi-city roadshows at Ahmedabad, Bangalore, Delhi and Pune, and
an online application campaign that brought in 285 applications from diverse
domains – ranging across financial services, media, smart cities, healthcare,
education, agriculture and retail to name a few. The program focused on technology areas such as Deep Tech, Artificial Intelligence,
Machine Learning, Enterprise Mobility, Search & Feedback Engines,
Enterprise Software; making it is a very interesting mix of tech applications.





Says Ajay Ramasubramaniam, Director
(India), Zone Startups – “This was a new experience for us, to manage 2
parallel cohorts under empoWer. The nature of startups is to be iterative, and
we at Zone Startups India consider ourselves to be one. After the first 2
cohorts, we realized the need to split up enterprise tech and social tech as
separate themes; as the nature of support and program required is different.
One the feedback we got over the past 2 years, was a request from entrepreneurs
who missed out due to smaller cohort size, asking if we would think of
expanding the same. This year, with the funding availability it gave us the
bandwidth to so. We are extremely delighted by the composition of the cohorts
and the kind of companies that are being built. We look forward to greater
success with empoWer and enabling more women entrepreneurs in India”.





The opening Keynote at the empoWer Demo
Day was delivered by Apurva Purohit, President - Jagran Prakashan Ltd., and she
touched upon an empowering message to our women leading the way in today’s
startup ecosystem





The keynote address was followed by a high
profile panel discussion on whether gender inclusion is the key to boosting
innovation in entrepreneurial ecosystem. The panel was made up of
representatives from a diverse background, and comprised of Deepali Naair,
Director - Marketing (India & South Asia), IBM, Anjalli Ravi Kumar, Social
Mission Director, Unilever and Shweta 
Aprameya, Co-founder HAPPY & Founder AU
Welfare Foundation. The session was moderated by Kritika Saxena, Chief
of Bureau- Mumbai and South, CNBC-TV18.





After much deliberation, the jury of
investors and tech leaders awarded the top 18 women-led startups with an equity
free seed funding of INR 5 lakhs each, based on the strength of their business
model, their team, their market viability and their products/services. The seed
funds were supported by BSE CSR Foundation.





The grantees were:





- A. Soumya Rao, Founder,  UpSoil Technologies





- Gayatri Mathkar, Co-founder, Skygge





- Gitanjali Banerjee, Founder, Fertility
Dost





- Kajal Gohil, Co-founder, ARKidzoo





- Manasi Kulkarni, Co-founder, Innoweave
Biocare





- Poonam Choudhary, Co-founder, Vendaxo





- Poonam Gupta, Founder, WeeSure





- Prajakta Kuwalekar, Founder,
EngenderedCo





- Pritha Datta, Founder, Econolytics





- Richa Sethi, Co-founder, GetLitt!





- Ridhima Gauba, Co-founder - Interview
Air





- Romita Ghosh, Founder, MedSamaan





- Sailaja Nori, COO, Traxion LLP





- Shilpa Malik, Founder, Bioscan Research





- Sonam Motwani, Founder, Karkhana.io





- Sridevi Arunprakash, Co-founder, GUVI





- Surabhi Srivastava, Co-founder,
Innovision Tech





- Vartika Manasvi, Founder, StackRaft





The grant awards were followed by several
category takeaways by the partners.





2. Based on the international scalability
potential, seven startups were offered a 1-week market access trip to Montreal
by Government of Quebec:





- Kajal Gohil, Co-founder, ARKidzoo





- Keerti Singh, Co-founder, Hitwicket





- Poonam Choudhary, Co-founder, Vendaxo





- Poonam Gupta, Founder, WeeSure





- Prajakta Kuwalekar, Founder,
EngenderedCo





- Pritha Datta, Founder, Econolytics





- Shilpa Malik, Founder, Bioscan Research





Dominic Marcotte, Consul, and Director of
the Quebec Government Office in Mumbai is very happy with this partnership. He
says, “It is a matter of great pride for the Government of Quebec to support
the empoWer program. Our partnership with Zone Startups India has flourished in
the second year with more partners from Quebec supporting the market access
trip. As a part of its international policy, Quebec supports diversity and
minorities. We believe that enabling women to become successful entrepreneurs
is the best means of empowerment.”





Sravani Chandramukhi Cheemala, Co-founder,
Mirsae was offered to join the Amazon Launchpad Program.





The program received amazing
positive feedback from its participants. “Being a part of empoWer has been an
extremely enriching experience. As an entrepreneur, you are always looking to
meet people who can mentor, partner, share and do business with. In these 4
months of being associated with empoWer, I was able to meet a variety of such
people that have helped me and my business grow.”, says Pritha Datta,
Founder,  Econolytics.





empoWer now has a cumulative cohort size of 65 women
entrepreneurs, built over 3 cohorts. From the first 2 cohorts, a cumulative of
INR 60 Crores has been raised by Founders, and there have been 3 solid
acquisitions. empoWer is at the forefront of being the go-to platform for women
entrepreneurs that are looking to accelerate their ventures, and Zone Startups
India is gung-ho about launching newer initiatives under this banner.


Ahmedabad-based GVFL to Invest $14 Mn in Startups Across India


Ahmedabad-based venture finance company, GVFL Limited (formerly Gujarat Venture Finance Limited), announced that it plans to invest 100 crore ( ~ US$14.46 million ) to fund startups across the country.





The investment will be made by December 2020, confirmed CEO of GVFL, Mihir Joshi, while speaking in a event held in Ahmedabad on Wednesday.





Founded in 1990, GVFL has so far raised eight venture capital funds which have supported over 80 companies and have divested from over 75% of portfolio companies. It provides seed financing and early-stage and growth capital to small- and medium-sized companies based in India.





GVFL CEO further said, "The company has already invested in some eight startups. We have already made an investment worth 50 crore over the past year and a half to fund some eight startups based in India. Of these, five startups were based out of Gujarat. The average ticket size of investments made so far ranges from 5-10 crore depending on the fund requirement by these startups,” he added.





GVFL has already made an investment worth 50 crore over the past year and a half to fund some 8 startups in the country and out of this 5 startups were based out of Gujarat. The average ticket size of investments made so far ranges from 5-10 crore depending on the fund requirement by these startups,” 





GVFL has recently invested in Optimized Electrotech Private Limited (OEPL), an electro-optics startup working on indigenously designed, developed and manufactured (IDDM) Surveillance systems. Prior to this,
GVFL contributed in $3.7 million funding round of Sequretek, a Mumbai-based cyber security startup.





Source - Times of India


India Ranks #2 in Most Number of Fintech Startups Globally


India has achieved the second spot globally with largest number of financial technology (fintech) startups, according to a report. The first spot was booked by the United States leading the list.





With a total of over 2,000 fintech startups, 42% of them are concentrated in Bengaluru and Mumbai followed by New Delhi, Gurugram and Hyderabad.





Among all fintech startups, the ones who had maximum share were payment companies, lending, insurance and personal finance management startups. Some significant names that have made an impact include Paytm, MobiKwik, Policy Bazaar, PhonePe, PayU, Kissht, Shubh Loans, Lending Kart and Faircent.





According to the report on Indian fintech ecosystem, there has been 3-fold growth in the number of fintech startups during 2015-2018. Over 1,300 new startups were added to the base number of over 730 already in practice. Shubh Loans, a mobile money lending startup, is making loans accessible to the underserved and unserved. Monish Anand, Founder and CEO of the company, said: “Indian digital lending industry is poised to grow dramatically with a potential market size of 100 billion dollars by 2023, according to a BCG report. The advancements in technology and data science are further fueling fintechs to serve the credit deprived.”





The credit behind this achievement should also be given to some of the innovative programmes launched by state governments. Founding of Mumbai Fintech Hub by the Maharashtra government and FintechVizag Valley by the Andhra Pradesh government is a testimony to the fact. SVR Srinivas, Principal Secretary at Maharashtra’s Directorate of Information Technology, said, “In one year, immense progress has been made by Mumbai Fintech Hub in catalysing the growth of fintech startups. Zone startups has been one of our accelerator partners from the beginning and events like Fintegrate has deepened our partnership in this journey." The sector has attracted the attention of investors significantly.


Wipro and IIT Kharagpur Partner for Advanced Research in 5G and AI


Wipro Limited , a leading global information technology, consulting and business process services company and Indian Institute of Technology Kharagpur (IIT Kharagpur), today signed a Memorandum of Understanding (MOU) to collaborate on high-impact, industry-focused applied research in the areas of 5G and AI. Research outcomes from this partnership will be leveraged by Wipro to develop solutions for its customers, across industry verticals. IIT Kharagpur will benefit from the commercialization of the joint research insights and Wipro’s real-world industry expertise.





Wipro and IIT Kharagpur will jointly take up applied research projects on industry challenges related to the design, planning and operations of 5G networks and cognitive information processing for the automation of these processes and 5G use cases. The two organizations will focus on AI research applicable in the healthcare, education and retail sectors as well as in domains such as climate change and cybersecurity. In addition, subject matter experts from Wipro and IIT Kharagpur will promote knowledge sharing through guest lectures, workshops and seminars on 5G and AI.





IIT Kharagpur is pursuing research projects in areas including front and back haul optical networks, vehicular ad hoc networks, interplanetary networks, channel estimation, optimized resource allocation, Multiple-Input & Multiple-Output (MIMO) and millimeter wave communications, secure communication & cross layer optimization and multimedia transmission for 5G. Student research groups are also working on Network Function Virtualization (NFV) and Software Defined Networking (SDN), which holds immense potential in 5G telecommunication. In addition, the institute is also working on foundational research in AI Algorithms, formal methods, machine learning, deep learning, graph mining and analytics, game theory and mechanism design.





Wipro offers end-to-end 5G solutions for network equipment providers, network service providers, smart cities and enterprises in the media & entertainment, manufacturing, energy and utilities verticals. This involves touchpoints across all network layers such as radio access, backhaul, transmission network, core network, orchestrator, OSS-BSS systems, edge & public cloud and application ecosystem.





Wipro has developed automation solutions, powered by its artificial intelligence platform - Wipro HOLMESTM. Through algorithmic intelligence and cognitive computing capabilities, Wipro HOLMESTM accelerates the digital journey of enterprises and enhances operational efficiency, economics, and user experience across applications, infrastructure management, and key business processes. Wipro has significant expertise and several use cases in the application of AI across industry domains. In addition, Wipro’s Data Discovery Platform (DDP), which has advanced analytics and AI at its core, offers Insight-as-a-Service across industries.





"Wipro is delighted to partner with IIT Kharagpur and strengthen our ties with the academic research community in India. AI and 5G are critical technologies poised to create opportunities that will significantly enhance customer experiences across industry verticals. We hope to bring together the synergies of Wipro’s rich industry technology expertise and understanding of domain-specific business challenges with IIT Kharagpur’s distinguished research capabilities to co-innovate and develop next-generation AI and 5G solutions that will benefit both our clients as well as the industry at large,” said K.R. Sanjiv, Chief Technology Officer, Wipro Limited.





Commenting on the partnership, Prof.P P Chakrabarti, Director, Indian Institute of Technology Kharagpur said, “Our partnership with Wipro comes at an opportune time and holds tremendous potential for co-innovation. 5G is expected to provide ubiquitous connectivity for diverse applications such as automotive communications, remote control with haptic style feedback (using artificial intelligence), large video downloads, automation of enterprise functions and low data rate applications. For instance, cars of the future will speak to each other to help avoid accidents and also share information about the road conditions ahead. With the advent of 5G, IoT will be extensively used in our day-to-day life, across industry sectors as well as in Smart City and Smart Home concepts because of enhanced connectivity, speed of communication and reduced round-trip time latency.”





Published unedited from BusinessWire India feed


Indian Forensic Labs Set to Double DNA Testing Volume


As per recent estimates, the number of DNA profiles developed from crime scene evidence has doubled over a year from 10,000 cases tested in 2017 to nearly 20,000 this year1. This increase in DNA casework can be attributed to an upward trend in reporting of rape & sexual violence cases owing to public awareness and activism along with steps taken by the government to upgrade police and forensic infrastructure keeping women in mind.





While evidence from a recent study2 indicates that confidence-building measures like the opening of all-women police stations has increased reporting of crimes against women by 22%, upgrading of forensic infrastructure at both central & state levels has also enabled more collection and testing of DNA samples by investigators. 





Reinforcing the trend Vivek Sahajpal, Assistant Director, Himachal Pradesh State FSL said, “There has been a substantial increase in requests for DNA profiling and nearly 50% of the total crime cases we receive are linked to rape and sexual assault. To keep pace with the increased demand, we are now implementing new DNA technology upgrades that will help us bring down the number of unsolved crimes in the state."





Tim Schellberg, Founder & President, Gordon Thomas Honeywell—GA notes, “It is good to see India conducting more DNA tests to expedite justice but considering the scale of crime in the country, especially sexual violence against women & children, this only skims the surface.  If a country is going to fight rape it needs to fully embrace forensic DNA, the gold standard of evidence. It identifies suspects and helps build rightful collection."





Despite an uptick in the number of profiles being tested, the volume remains low considering that nearly 40,000 cases of rapes are registered every year3. Official statistics show a dramatic increase in the number of crimes against women, which have increased more than 80% over 10 years, with only one in five cases resulting in conviction.





As per Delhi Police, five rapes took place in the capital city every day last year but the rate of conviction for rape has dropped from 34.5% in 2014 to 26.62% in 2016. A recent report released by the Praja Foundation on the ‘State of Policing and Law & Order’ shows sexual offences registered in Mumbai have been rising consistently and have jumped by 83% between 2013 and 2018.





Advocate Vivek Sood, Supreme Court points out, "Rape cases in India can be classified into false cases filed to settle scores and genuine cases in which the victims are brutalised physically and mentally destroyed. I have been observing the rising trend in false cases which tend to discredit even the genuine cases apart from wastage of investigative and judicial time. However, the silver lining is the growing use of DNA evidence to crack rape and sexual assault cases."





Forensic DNA has emerged as the most reliable crime-fighting technology the world over. Many countries are effectively using forensic labs and protocols to collect, test and compare DNA at crime scenes with that of suspects with promising results. Where law machinery world over is increasingly relying on DNA forensics to solve crime, the pace in India has been slow. Lack of scientific methods in investigations and absence of a proper policy framework in the country continue to hamper justice.





Emphasising on the need balance quantity with quality of DNA sample collection, Dr Harish Pathak, Head of Forensics, KEM Hospital, Mumbai says “85% of the DNA collections in India don’t yield viable results. There is a need to training and sensitization programmes for first responders and adherence to standard operating protocol for DNA collection."





Internationally, DNA forensics is used as a standard operating procedure in cases of heinous crimes like rape and murder. Countries with a fraction of India’s population like United Kingdom and Thailand complete DNA testing on over 60,000 and 10,000 crime scenes in a year respectively.





1 GTH-GA Estimates
2Gender, Crime and Punishment: Evidence from Women Police Stations in India; 2018
3 Crime in India 2016 report by NCRB





Published unedited via BusinesWire India Feed






PE, VC Investment in Indian Tech Startups at $20.5 Bn in 2018


Private equity (PE) and venture capital (VC) investments in the country stood at USD 20.5 billion across 786 transactions in 2018 on account of tech-enabled start-ups, e-commerce and information technology-enabled services, according to a report by Grant Thornton.





The funding in 2018 was the same as the investment in year 2017, the assurance, tax and advisory firm said.





"The top trending themes during the year were revival of start-ups, continued uptick in control deals and larger bets, and increased focus of sovereign wealth funds towards Indian assets. Start-ups accounted for 59 per cent of the total PE investments recorded in 2018 by values and 26 per cent by volume," said Vrinda Mathur, partner, Grant Thornton India LLP.





In terms of the size of investments, the sharp increase in the PE and VC funding was due to 47 deals valued at USD 100 million or greater, including six deals worth over USD 500 million. Big-ticket investments were driven by complex deal structures, PE-backed merger and acquisition, later-stage funding and the inflated start-up valuations, it said.





Further, the report said it is not unusual to witness high levels of public spending in election years and it may push investments in rural and infrastructure-related sectors in the near term.





The core sectors may not get impacted as most mid-market investments take a long-term bet on growth potential, the report said.
Consequently, PE deal volumes are expected to pick up in the second half of the year with 2020 expected to be the year of the highest volumes of PE investments.





The report focuses on the PE and VC industry in India and has been produced in association with the Indian Private Equity and Venture Capital Association (IVCA), an organisation that works towards promotion of PE and VC firms. 


Women-Centric Social Network Healofy Raises $8 Mn from China's BabyTree


Bangalore-based Healofy, a women-centric content social network, has raised $8 million (~ 55 crore) in Series A round of funding led by BabyTree Group, a China's largest and most active maternity and child-focused (M&C) community platform, said the company in a press release.





BAce Capital, a fund led by Alibaba's affiliate Ant Financial Services Group, and Omidyar Network also participated in the funding round.





The startup, exactly a year ago, had raised $1 million from Omidyar Network in seed funding round.





The startup plans to invest the funds to further strengthen the product, engineering and data science teams and scale its machine learning and personalisation engine. 





So far, Healofy has raised a total of $11.1M in funding over four rounds including the latest one.





Established in September 2016, Healofy is addressing the growing demand among mothers and women in India as a whole for relatable and credible content on topics ranging from pregnancy to parenting.





Healofy has grown to become the largest women-centric online community in India. Healofy plans to use the funds to further strengthen the product, engineering and data science teams and scale its machine learning & personalization engines. It also intends to expand into e-commerce and additional content categories, including fashion, food and lifestyle.





"Healofy has rapidly established an active online community for women in India, and we are delighted to partner with them through this investment," said Huainan Wang, Founder and Chief Executive Officer at BabyTree.





"There is huge potential in the she-economy and mobile social sector in India, and M&C social is where the two overlap. We have successfully leveraged engaging content, social features and online services to serve China's M&C community, and we are confident that Healofy can learn from our experience to drive ongoing growth of their platform," he said





Following the investment, BabyTree will share its experience in developing products, services and profitable business models to help Healofy increase share of the online M&C market in India.





"We are very excited to be partnering with our investors as we enter our next phase of growth," said Gaurav Aggarwal, Chief Executive Officer at Healofy. "Women
are the primary purchase decision makers in most Indian households. Our
data shows they are social and network-reliant in their decision
making, underlining the importance of building trust through a strong
network. To help them become comfortable with online transactions, it is
critical for the next set of e-commerce platforms to innovate and
provide an online shopping experience
similar to the offline world. BabyTree has demonstrated that highly
engaged networks can transition to highly profitable platforms, and we
look forward to diving deeper into their capabilities and knowhow."





BabyTree's investment in Healofy is its first investment in an online M&C platform outside of China, and an important part of its strategy to expand its presence in the global M&C family service industry.





Mr. Huainan Wang added, "This marks our first step outside of China, and we will continue to look for opportunities where we can leverage our expertise in fostering online M&C communities to support similar platforms in other high growth international markets."





About BAce Capital, it is a fund led by Ant Financial Services Group, formerly known as Alipay, an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn (start-up) company, with a valuation of US$150 billion .


Samara Capital to Invest ₹ 200 Cr in Nature's Essence to Acquire A Significant Stake


Samara Capital, the leading mid-market buy-out private equity fund,
has entered into an agreement with Nature’s Essence Private Limited (“NEPL”)to
invest INR 200crs for a significant stake. NEPL will utilize the funds for
investment into marketing and distribution and consolidation of group entities.





NEPL along with its group entities
manufactures and markets a range of skin care products under the brand
“Nature’s Essence”. The product portfolio includes face care products such as
facial kits, bleaches, face-packs, face washes and body care products such as
creams, lotions and gels.





NEPL is based in Delhi and its
manufacturing facility is in Haridwar, Uttarakhand. The company’s products are
sold in over200,000 retail outlets and 40,000 salons through a pan India
distribution network. The company along with its group entities which are
getting consolidated generates a sales of INR 150crs and is growing at 15% p.a.





Abhishek Kabra, Managing
Director, Samara Capital
said, “In recent times we have observed a whole
new demographic of consumers emerging for personal and skin care products, as
consumerism, aided by the information revolution and by purchasing power, seeps
into the hinterland. We felt Nature’s Essence under Mr Nanda’s leadership has
locked on very well on to this massive new market and its demands and tastes.
We see exciting potential for the brand to keep adding to the depth as well as
breadth of its offering.”





Commenting on the development, Raj
Kumar Nanda, Promoter& Director, NEPL
said “Over the last 20 years,
Nature’s Essence has established itself as a leading brand in the fast-growing
Indian skin care market. With rising aspirations and affordability of the Indian
consumers the company and brand is perfectly positioned to further tap this
opportunity. I and my team are very excited to partner with Samara Capital to
take Nature’s Essence to its next phase of growth.”





Deloitte Touche Tohmatsu India and
Lymonds Mirus represented NEPL and Samara respectively for this transaction.





“We have had a long association with Mr. Nanda and see a high potential in the Nature’s Essence brand. Samara’s value add capabilities will provide exciting times ahead for the growth of this brand and for its stakeholders including employees and channel partners.”, said Ruchi Sarna, Partner, Deloitte Touche Tohmatsu India LLP.





Samara Capital is an entrepreneurially run India focused private equity firm since its inception in 2007. Samara has invested in companies spanning consumer products and retail, healthcare and pharma, business services, financials and infrastructure.


B2B E-Marketplace Zetwerk Raises $9 Mn from Accel, Sequoia Capital


Bangalore-based Zetwerk, an online marketplace for corporate buyers and suppliers, has raised $9 million (~₹64 crore) in a Series A round of funding from Accel Partners, reported LiveMint. Its existing investors Sequoia Capital and Kae Capital also contributed to the round.





Founded in 2017, by Indian Institute of Technology (IIT) Madras alumni Amrit Acharya and Srinath Ramakkrushnan, Zetwerk is a B2B marketplace focused on make-to-order custom manufacturing.





Interestingly, prior to co-founding Zetwerk, Srinath was heading the Supply Business for Blackbuck, which is also backed by Accel and working in logistics segment.





Zetwerk claims to be India's first on-demand manufacturing platform that serves OEM / EPC companies with outsourcing requirements and SME Suppliers with capacity. Zetwerk is a nation wide manufacturing network with massive capacity, wide manufacturing capability & project engineering expertise.





The startup had earlier raised a $1.2 million seed funding round from Kae Capital and Sequoia in August last year.





Zetwerk works primarily with clients in the oil and gas, power, renewable energy and infrastructure businesses. Its clients include Embassy Office Parks, Thyssenkrupp, Jindal, BGR energy, Embassy Group and Fidelity Contracts.





In last one year or so, B2B (business-to-business) startups have managed to attract investors resulting a record $3.09 billion fund-raise across 415 rounds in 2018. This was 28% more than the $2.41 billion allocated in 2017, across 534 rounds, according to data tracker Tracxn.





Earlier this month, Noida-based Moglix, a B2B industrial goods marketplace, had raised an undisclosed amount from Flipkart CEO Kalyan Krishnamurthy, which marked his first solo personal investment.





In December, Bangalore-based Ninjacart, a B2B agri-marketing platform that connects farmers with retailers, had raised US$35 million in series B round of funding from Accel Partners (US), Switzerland-based Syngenta Ventures and Neoplux, a South Korean private equity firm.





In October, US-based software firm, Ebix, Inc., an international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that one of its India-based EbixCash subsidiaries has acquired a 67% stake in Routier, a Delhi-based B2B Marketplace for Trucking Logistics.


Flipkart sets up $100 Mn Internal Fund to Invest in Early Stage Startups


Walmart-owned Indian e-commerce giant Flipkart has set up an internal fund of about $60-$100 million to invest across early-stage startups in areas of including fintech, supply chain and SaaS, reported Economic Times citing people privy to the development.





In a first such move by Flipkart, it intends to obtain a 20-25% stake in return of its investment in startups. The typical per-ticket value could be $2 to $3 million.





This initiative is directed to invest across different start-ups with a bid to strengthen its e-commerce operations. The fund would be handled by the Flipkart group CFO, Emily McNeal.





The report further states that Flipkart will put together an investment committee similar to an investment fund and make its Mergers & Acquisitions (M&A) team bigger which will scout for investment bets in early age startups.  Flipkart's M&A team has long been working in investment and acquisition of startups.





Flipkart, which has made several big-size acquisitions like Myntra, Jabong and PhonePe, may use the funds to specifically target startups in areas like personal loans, check out finance and those which can lend to SMEs. 





Flipkart has made a total of 8 investments including robotics startup GreyOrange, home rental network NestAway and WildCraft, an outdoor brand for performance gear, footwear & clothing. The company has invested $201 million in Flipkart India Pvt. Ltd., the wholesale arm of Flipkart.





Earlier this month, Flipkart CEO Kalyan Krishnamurthy had invested an undisclosed amount in Moglix, a Noida-based B2B industrial goods marketplace backed by Ratan Tata and World Bank's IFC.


IIM Calcutta Alumni Association Announces A Startup Competition


The Mumbai chapter of the Alumni Association of Indian Institute of Management, Calcutta (IIMCAA), will be hosting the 3rd edition of its annual start-up event, Clarion Call, on Saturday, April 20, 2019, at the IIT Mumbai auditorium.





This event is an opportunity for startups for receiving investments from startup investors and mentorship from IIMC Alumni and industry experts. 10 finalists, 5 each from pre-revenue and post-revenue stages, will be selected to present before a panel of judges on 20th April. There will be a cash as well as non-cash prizes. More importantly, there is a possibility of getting funded and/or incubated for the startups. The 10 finalists will be selected from a short list of 40 semi-finalists. These 40 start-ups will be invited to present in-person or virtually before one of 4 panels. Lead Angels, Mumbai are the official organisers of this competition and the event is supported by SINE, IIT Mumbai and ikeva.





Mr. Jayant Sengupta, President, IIMCAA, Mumbai says “It is our endeavour to bring the startups and the industry practitioners together. Our last two editions were highly successful and this year we aim to move a notch higher”.





Mr Sushanto Mitra, CEO, Lead Angels, says “Events of these kind help start-ups in refining their business models and also get valuable support – monetary and non-monetary”





Mr. Prasanna Pahade, Chief of Strategy, Marketing and Communications of Mahindra Logistics and an active member of IIMC alumni association of Mumbai says, “We are extremely happy to be able to support this event and would encourage quality start-ups to participate.





Last date for participating in the event is 31st March 2019. More details can be obtained from  http://bit.ly/2FolGSk


Gurgaon-based Edtech Startup iChamp Raises Funding from Singapore-based Ariana’s CEO Raju Shukla


Gurgaon-headquartered RNM E-Services Pvt Ltd, which own and operates an educational innovative digital platform, iChamp, has raised an undisclosed amount of funding in a pre series-A round led by Singapore-based Ariana Investment Management’s CEO Raju Shukla.





The startup will use the freshly raised funds in technology upgradation, expanding its product offerings and to diversify into more subjects and classes across various curriculum in the coming months. 





iChamp has earlier raised undisclosed amount in November last year. That sedd round was led by Anuj Gupta and Mohit Agarwal, founders of Adda52.com, India’s largest poker online poker platform.





Speaking about the funding, Mohit Bansal, Founder, iChamp said, “Even though the quality of teaching has improved in private schools across India, kids still have a fear of Mathematics.  There is a clear lack of motivation among kids, which leads to lack of practice. Solving this problem of self-motivation is the key to better learning outcomes. iChamp uses elements of gamification like real-time challenges, rewards, competition, fun and social engagement to motivate a child to practice more."





"We are extremely happy with the funding this venture has received. In the coming months we are looking to aggressively expand our user base and improve retention, through features like Live Tournaments and AI enabled adaptive tests," he said.





Mr. Raju Shukla, CEO of Ariana Investment
Management commented, “iChamp is one of its kind app in India, focusing
solely on the otherwise ignored need for students to practice more. We
see great potential in this segment. It is a completely new way of
looking into the real problems affecting the Indian education system”.





Launched last year, iChamp is a unique platform for students to practice and solve Maths and English problems in a fun way. It is India’s only truly gamified education platform, integrating the key features of gamification – namely competition, rewards/recognition, and fun. This sets iChamp apart from other education portals in India, that focus only on animation.





So far, the startup has raised a total of $5 million within a year of its launch.





Source - Business World


Blockchain Startup New Street Raises $2 Mn from Unitus Ventures


Bangalore-based New Street Technologies, which builds and operates blockchain-enabled platforms for financial institutions, has raised $2 million in seed round of funding led by Unitus Ventures (formerly known as Unitus Seed Fund), an impact venture fund, reported several media outlets.





Other investors who also contributed in the round included the Mohit Davar, the chairman of the trade body International Association of Money Transfer Networks and some other angel investors.





The startup will use the fresh capital to expand its business and expand its footprints in India and other regions including middle east and South East Asia.





Founded in 2017, by former Citigroup executive Sajeev Viswanathan along with Mohit Davar, chairman of the International Association of Money Transfer Networks, New Street Technologies connects stakeholders in the financial services industry through a blockchain network.





"We have started the product in partnership with a bank in Nepal, but we are in conversations with UNCDP (United Nations Capital Development Fund), which wants to take our lending based on remittance product to other remittance corridors as well,” said Vishwanathan.





Earlier this month, Gurgaon-based blockchain startup Insino Ventures raised an undisclosed amount of angle funding from a pool of HNIs.





Last month, Zebi, a leading Hyderabad-based blockchain company, had acquired Element42, a Bangalore based blockchain start-up, to bolster the strength of its in-house blockchain engineering talent while adding new products and customers.


India's Largest Clean Energy Startup ReNew Power Raises $375 Mn Via Green Bond Issue


India’s largest independent power generation company in the renewable energy sector, ReNew Power Limited, has raised yet another round of funding from international investors as it continues to aggressively push to expand its project pipeline.





ReNew Power Thursday has concluded a green bond issue of US$375 million ( ~ ₹ 2580 Crores ), which would be used for capital expenditure on green projects and refinancing external commercial borrowings.





Green Bonds are debt instruments that allow investors to invest in sustainable projects while offering issuers affordable funding to finance these projects.

Like all bonds, green bobds are loans from investors to issuers, with interest paid to bond owners for a given period before the principal is repaid.





The capital raised through the green bond issue will be utilised for refinancing outstanding external commercial borrowings and as capex in eligible green projects.





Barclays (B&D), Goldman Sachs, HSBC, JP Morgan and YES Bank were the book runners for the green bond issue.





The dollar-denominated bonds received excellent response and were fully subscribed by leading fund managers, asset managers, banks and pension and life funds from across the US, Europe and Asia, the company said.





The issue was opened for subscription on March 5 and closed on the same day.





"Our history of financial prudence, investing in high-quality assets and creating value for all our stakeholders has enabled us to regularly raise funds to fuel our rapid growth. We are happy that our bond offering received such an enthusiastic response, especially when the renewables sector is facing challenges in raising capital," ReNew Power Chairman and Managing Director Sumant Sinha said in the statement.





"The renewables market in India is firmly established and is growing rapidly. ReNew Power is India's largest IPP with more than 7,000 MW of commissioned and under-construction wind and solar projects," he said.





ReNew Power Deputy Chief Financial Officer Kailash Vaswani said: "The bond issue was in line with our strategy of diversifying debt sources. The issuance enabled us to fix our interest rate risk and achieve a lower pricing than existing borrowing costs. The international bond investors have seen us deliver on committed performance and, hence, have come forward to invest in our new issuance.





Founded in 2011, by Suman Sinha, ReNew Power has raised a total of $2B in funding over nine rounds. 





To recall, a year back ReNew Power had acquired of Ostro Energy Private Limited to create the country’s largest clean energy firm by installed capacity.





Source - Renew Power - Press Release


Online Marketplace for Booking Venues, Venuelook.com, Raises Pre-Series A


Venuelook, an online-to-offline (O2O) platform and marketplace for venue aggregation, recommendation and booking has raised an undisclosed amount in their pre-series A funding from marquee angel investors and successful entrepreneurs like Srikant Sastri (Co-founder, Crayon Data), Shailesh Rao (Senior Advisor - TPGMcKinsey & Co; Board Member - JLL), VP Rajesh (Managing Partner - Banyan Capital Advisors LLP) and Vishal Sampat (Founder of Convonix).  





Venuelook’s proprietary aggregation and AI backed algorithms help identify and match customer requirements with the best venue options available, thus simplifying the venue discovery and booking process for weddings, social and corporate events. Their experienced event managers help ensure the event is smooth and hassle-free. 





Founded by a first-generation woman entrepreneur, Ms. Ruchi Garg, with over 12+ years of experience in technology and events industry, Venuelook was started with an aim to create an end-to-end solution for every event, from weddings to corporate events, celebratory occasions and get-together parties. Venuelook helps discover and book the right kind of venue using a combination of technology and domain expertise thus offering the Indian consumer a one-stop-shop solution for all their venue booking and event requirements.





Started from Delhi and first covering NCR, Venuelook has helped over 2 lac people discover the right venue for their events. Venuelook’s engine has also resulted in better fill rates. Srikant Sastri, Co-founderCrayon Data commented “Our
investment decision was influenced by the robust tech and execution
capabilities built by Ruchi and her team which has resulted in a
phenomenal growth rate of over 20% month over month in the last 1
year.” 





VenueLook’s founder Ruchi said,
"Venuelook has over 15,000 venues already listed, making us the biggest
marketplace of event spaces in India. We plan to use the funds from the
current round to replicate our success in Delhi-NCR to other major
cities of the country. We have already put in place a team for Mumbai
and are in the process of expanding to 16 other cities. By making the
most of technology and analytics, we will provide better value to both,
our end customers who want a hassle-free experience while organizing
their events and venue owners, who can leverage our algorithm to improve
their occupancy levels."


IIM Alums Startup Right2Vote's Online Voting Tech Gets Govt Backing


The world’s biggest democracy - India is going to polls in few days and lack of online voting option is frustrating for lot of citizens. The 20 million plus NRI community, which has been fighting for their right to vote in Supreme Court, for more than 10 years now will not be able to participate in the elections. Another 300 million, around 1/3rd of registered voters, would not be able to vote as citizens migrate from one part of the country to another for various reason including studies, job, marriage etc. As per Lost votes campaign of Times of India, 90% of the voters who did not vote in 2014 actually couldn’t due to lack of remote voting option.





Online voting is mandatory under certain laws





Technology is not a limitation. The government of India itself has certified Right2Vote’s online voting platform for security, functionality and quality. The government of India itself made it compulsory under The New Companies Act 2013 for all listed companies to provide eVoting facility to shareholders way back in 2014. Recently, the Government has made providing eVoting facility to creditors compulsory under the Insolvency and Bankruptcy Code 2016. This proves that Government of India appreciates that online voting is important for protection of ‘right to vote’ of people. This also proves that Government of India has full confidence in security, functionality and quality of online voting platform like Right2Vote. The question is why the same politicians do not want themselves to be subject to the same secure, transparent and efficient technology which they are enforcing on companies and other organizations. Why they want to keep fighting about security of Electronic Voting Machines (EVMs) when much more advanced and secure technology is already available and certified by them.





Unique about Right2Vote’s technology





Founded in 2015 by CA Neeraj Gutgutia, an alumni of Indian Institute of Management (IIM) Indore and Institute of Chartered Accountants of India (ICAI) Right2Vote is a startup accelerated by NASSCOM 10000 Startups, Facebook's Fbstart, Village Capital and Omidyar Network. It has won several awards for innovation and technology from prestigious institutions like Indian Institute of Technology (IIT) Bombay and Indian Institute of Management (IIM) Calcutta.





Right2Vote Infotech Private limited is not the only company which is certified by the Government of India. Three other companies - CDSL, NSDL and Karvy are also certified by Government of India. However, unlike other companies, Right2Vote is a focused online voting technology company and hence have very high end and unique security and transparency features. Right2Vote has filed 7 patents for various voting related technological innovations they have done over the last few years.





Few of the unique features offered by Right2Vote include:





  • Secret Ballot
  • Audit Trail
  • Server Confirmation
  • Vote Record
  • Voter receipt
  • Double authentication
  • Aadhaar based authentication
  • Personalized notification and reminders to voters
  • Anywhere voting via website, Android and iOS app
  • Geo-Tagging
  • Geo-Fencing
  • Voter Selfie
  • Dynamic nomination
  • Team election
  • Single Transferable Preference Vote (STPV) system
  • Candidate picture and symbol display
  • Automatic counting and Instant results
  • Safeguards against human error by voters








Benefits of Online Voting





The Right2Vote’s online voting platform is not only highly secure but its also very user-friendly. The UI/UX of the platform is designed to ensure illiterate, old and physically challenged people are also able to use the platform with ease. A voter can complete the voting activity in less than a minute on the platform.





More than 100 companies are using Right2Vote’s online voting technology on regular basis. Apart from companies, organizations like colleges, housing societies, clubs, professional associations are regularly using Right2Vote’s online voting technology to empower their members. Reputed institutions like Indian Institute of Technology (IIT) Delhi, Indian Institute of Management (IIM) Indore, Indian Society for Particle Accelerators (ISPA), Lavasa property owner’s association have already moved to efficient online voting technology of Right2Vote. Even Maharashtra State Election Commission is running a pilot project with Right2Vote for panchayat elections.





Online voting is not only about empowering voters and increasing the voter turnout. It is also much more efficient then offline voting. It is estimated that India would spend $ 7 billion on General Election 2019. Online voting can help saving 90% of the money which can be used for key election issues like bailing out the farmers and buying advanced fighter jets for the country.

Not only money – offline elections also lead to waste of human resource. One crore people would be managing the 2019 general elections. Among the one crore election workers are essential service providers like school teachers, IAS officers, government servants. Many schools would be closed and several essential government services would be delayed due to the elections.

More than 10 lakhs booths would be created across the country in schools and other important building leading to suspension of work. On election days, holiday would be declared so that voters find time to stand in a queue and vote. Voters would waste hours to travel to booth and stand in queue. GDP loss due to lost working hours would be in billions of dollars.

The whole country would be on a stand still for more than 60 days due to Election Code of Conduct which is already in force. No major decision can be taken by the government till 23 May 2019. It will take 4 days from the last polling day just to count votes and declare the results. With online voting, the total election process can be managed in 2 to 3 days saving lot of time and money for this still-developing country.





Countries like Estonia has implemented online voting way back in 2005. Hence, online voting is nothing new. India has been using online technology for equally critical activities like banking, aviation, stock exchange, defence communication etc. Hence, avoiding online voting due to security concerns is a lame excuse. India prides itself as producer of the best IT talents in the world. It is time now for India to use the talent of its people to solve the problems of its people. Loss of right to vote is one such major problem. And living up to its name, Right2Vote Infotech already has the solution ready which is already tested and certified by Government of India itself. The only thing that is required now is political will and positive intention to make the elections more secure, efficient and transparent.
About Right2Vote Infotech Private Limited

Right2Vote Infotech Pvt Limited was founded in 2015 by CA Neeraj Gutgutia, an alumni of Indian Institute of Management (IIM) Indore and Institute of Chartered Accountants of India (ICAI). The company is accelerated by NASSCOM, Facebook, Village Capital and Omidyar Network. It has won several awards for innovation and technology from prestigious institutions like Indian Institute of Technology (IIT) Bombay and Indian Institute of Management (IIM) Calcutta. For more details about the online voting technology of Right2Vote, you can visit https://right2vote.in/ or write to neeraj@right2vote.in


How to Ensure Your Child’s Online Safety?


Just like any other technologies, Internet too has got its own advantages as well as disadvantages. Internet has turned world into a global village and now, it is possible to get access to any part of the world in no time by just a click of a mouse! However, this accessibility is uncontrollable and in order to avail its benefits, one needs to use it wisely and sensibly.

Your child and Internet

Children nowadays get used to latest technologies at a tender age; sometimes well before they start going to the school. As soon as a child develops an understanding towards the world, he also starts getting access to modern accessories like laptop, cell phone and internet. Children, by nature are fast learners and they take them no time to learn and use modern gadgets like laptop and cell phone. They are also smart enough to find cool stuff like vikings and get hooked to them!  Though this is a good trait, yet, due to their ignorance and tenderness, they always stand a chance to get exploited or misguided by the technology.

How can technology harm your child?

Just a wrong click of the mouse could turn out fatal for children as it can give them access to kind of content or stuff, which is not suitable for them in anyways. Be it a link to a violent video or mature content, if they get access to them at a tender age, that is most likely to impact their mind adversely, as they do not know how to suddenly react and handle such a situation.

Role of a responsible parent

Therefore, it is necessary for the parents to monitor their child’s activity on internet as much as possible. That being said, this task is easier said than done. Children's, like adults, also need their space and they do not like interference of any kind by the parents in any ways. Although the intentions of the parents could be good, yet, it is very hard for them to make their children understand this situation

Any interference or commands like “turn off computer now!” or “stay away from site ABC…” is seen by a child as a hindrance of his freedom. As Child Psychology goes, if you ask a child to do certain thing and he does not like your tone, then he might not do it. In the same way, if you ask him to refrain himself from something then he is most likely to do that because of psychological reasons.

Therefore, it is necessary for parents to act smart as well as sensible in this matter and ensure their child’s safety on the Internet without making that evident to him. This means that they not only need to take certain preventive measures but they also need to do that smartly and in a more sophisticated manner.

The solution

You can surely take some smart preventive measures to safeguard your child's interest and safety on internet. You have to take further steps depending on his age group and level of understanding,. If your child is around 5 or 6 years of age and he has just started accessing cell phones and internet recently, then as he might not be able to discrete between good and bad and also not mature enough to react to certain type of content on the Internet, it would be best to protect your system or cell phone by a password, so that he cannot access internet without your permission. In this way, whenever he wants to access the net, he will have to come to you for unlocking the device and you would be present nearby to keep a watch on his activities.

If that is not possible or if your child does not like that kind of set up, then a sensible way would be installing some software or applications that can automatically detect and filter content which is not suitable for a child. You can simply browse on net and you would be able to find different applications and software that can do this job for you. You would simply need to install a suitable software or on your cell phone or computer and get it activated. This will automatically prevent your device from opening links that has content that is not suitable for children.

There are some spy and tracking software that are available in the market, that would be helpful in keeping a check on the online activities of your child. This would also be necessary because child, being tender, would not know what is right for him and what is not and as a parent, it is your responsibility to keep a check on him and at the same time you also would not let him know about the fact that he is being monitored.

Apart from these tips, it is very important that you communicate properly with your kid and make him understand about what is good for him and what is not. In this case, you need to be sensible and do not try to command the child because nobody likes to get orders. Be friendly with him and share with him all that you have in your mind. Also let him share his views’ once you are friends with him, he will be comfortable in sharing all kinds of things that he has in mind. This would be helpful for you in understanding the nature of your child and then you can plan things accordingly.

Self control is the best control!

As the famous saying goes, the best type of control is self control and this saying holds true for everyone, including your child. So, if you can help your child develop that kind of self-control within himself or herself, and help him in developing an understanding towards what is right for him to view online and what is not (as per his age group) then you will be able to get the most appropriate solution for online safety. That being said, technology is always going to be helpful for you and you can always use the right applications and software to prevent your child from viewing inappropriate content on internet.  

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A New Age Addiction: Mobile games


Getting addicted to mobile game is now a huge problem for a big number of people all over the world. Playing in moderate amount is ok but for some people, it is becoming too much and they are not been able to handle thereby leading to addiction. You might think that it’s quite impossible to get addicted to mobile games but it is definitely having a high effect on a large number of people lives and they are revolving around apps in a very unhealthy way.





Everybody loves playing games on the mobile phone because it's fun. In present-day life which is very tightly scheduled, these games assist us in decreasing stress to some levels. After all playing game is not unsafe until and unless it becomes an addiction. Some people in order to liberate some stress start playing mobile games for long hours but it adversely affects their health both physically as well as mentally. Now you must be wondering why these games are so addictive.





Well! by digging deeply into some of the features of mobile games, this question will be answered.





Easily accessible: One of the major reasons why mobile phone games are being increasingly used is the easy access. One can easily find the game of her/his interest and there is no need for any extra exertion. There are large numbers of games you can get on the internet. Along with availability, it is also very easy to understand. For example, if you want to play roulette and doesn't know how to play it. Then for that also there are large numbers of websites that provide effective Roulette Strategy that will help in winning the game.





They are either freemium or totally free: Most of the games available on the phone are free which means free entertainment. The developers of mobile phone games provide those services at no cost in order to get a large number of users. This is one of the chief reasons for being addicted to the game. And those which are freemium they are free in the initial phase and then become chargeable after playing certain rounds of the game. But by then the user becomes addicted.





Provides appreciation: Who doesn't love appreciation. Therefore, while playing mobile games when somebody accomplishes a goal and set some high score, they get various rewards or appreciation. This motivates the users to play further. It is a logic used by most of the mobile phone game developers.





Attractive layouts and graphics: Nowadays the games in mobile phones are being designed in a way to make it more attractive and drive more and more users. They are not only attractive but are also very easy to play and understand. Have you ever played Roulette? It's very easy to understand when you play it in some apps. Along with amazing graphics and rewards, there are large numbers of Roulette Strategy available over the internet that helps in easy understanding.





An opportunity to unite with several unknown peoples: the majority of the games are online games, it helps in connecting with a lot of unknown people. This is one of the big reasons for getting addicted to games.





Technically full: Present day mobile games are very eye-catching and technically full. They are made in such a way that they can be easily installed as well as run and consume very less memory in your mobile phones. And this easy availability, as well as easy access, leads to addiction.





Never ends: The developers of mobile games are very elegant. They will never allow you to end the game by completing stages. As these games are online, the game developers always create new levels for which you will never get a chance to punch the game. You will get new stages every time and this leads to addiction.





Can be shared socially: We feel very proud whenever we complete a complicated stage and most of the games permit us to share this victory in social media platforms. To get more conceit and attention, we tend to take part in it more and more thereby leading to addiction.





Unpredictable rewards: Most of the mobile game app provides various types of prizes as well as rewards. This is for enhancing the level of engagement. This prize money, as well as rewards, help in enjoying the game and also accomplish the entire journey.





Complicated challenges: The games are made in such a manner that the players face a lot of challenges at the time of playing. They require motivation in order to stick to the game for which most the games provide challenges and specific tasks to keep them engaged.





What is the method of addiction?





Mobile games are not that dangerous like that of heroin. But it is quite addictive in nature. Inside the brain, there is a chemical called dopamine, which is required for searching and finding out new things. The mobile games help in triggering secretion of this chemical. Dopamine is a remuneration motivated chemical and it helps in the mechanization of the brain to repeat the action in future.





But there is a solution to these problems. Even if it is difficult but it is not that impossible to stop this addiction. Some of the best tips for ending this mobile phone addiction is not by withdrawing suddenly but to end it in a slow process by reducing the quantity of time you play. Always try to play in self-control. Take help of some mobile apps that will effectively monitor and will keep an eye on your phone app hours.





Conclusion:





In several ways, mobile games ate like monsters that lures us and motivates us highly for playing more and more. But if it is becoming an addiction, then try to cut down the addiction by adopting several ways.





All you should know is enjoy the game, play the game but in limited amount. Play it as a act of recreation rather than allowing it to consume your important time.


India Needs A Cyber Security Strategy, Concurs 1st Meeting of the Cyber Patriots Task Force


With cyber inroads in today’s networked world, the threats to cyber security have grown manifold. As we digitize, this will inadvertently lead further cyber-crime and terrorism. Are we equipped to handle such crisis and is there any level of preparedness that the state is working towards in the face of cyber threats? In an attempt to address Cyber security and discuss the right perspective on practicing patriotism from various practical angles including Cyber Patriotism, SKOCH Group, India’s topmost think-tank for socio-economic issues today organized India’s national summit on Practising Patriotism at 57th SKOCH Summit.





First of its kind focusing on the subject of patriotism, the Summit opened a new debate on India’s emergent need for Cyber Security Policy in public domain. First meeting of the Cyber Patriots Task Force was organized, which was chaired by Dr Gulshan Rai, National Cyber Security Coordinator. The multi-stakeholder discussion was attended by members and experts drawn from the government, Big-5 consulting, enforcement agencies, economists and academia.









Talking about Cyber Security, Brijesh Singh, Inspector General of Police-Cyber, Maharashtra, said "It is a Bank’s responsibility to secure the client’s money. A digital incident cannot be blamed on the customer’s ignorance. States are at different stages of maturity in terms of implementing the policies. Almost 1000 cyber incidents are happening every day, not all of which gets registered. We have to understand that cybersecurity is not a technology problem. Maharashtra has a Rs 1000 crore project where we are building cyber labs and cyber police stations in each district.”





Speaking on the need for Cyber Patriotism, Sameer Kochhar, Chairman of SKOCH Group and an eminent reforms historian, said “Cyber Security Policy in public domain is what we need today in this digital world. 90% of country’s IT capability is outside the Government. Cyber Patriotism can play a vital role in breaking the existing cyber monopoly in the country. Even before we begin to talk about cyber security, it would be important to know the intensity of the threat and it’s evolution.”





Dr. Shefali Dash, Former Director General, National Informatics Center, said “The government alone cannot handle Cyber security issues that face us. The private sector has more resources, research and knowledge in this space. We need government and private collaboration to deal with the issues and protect our cyber space.”





Gokul Kumar Simli, Principal Consultant & CTO, Passport Seva, Ministry of External Affairs, said "It is imperative that we understand our data to be able to protect it. It is important that when a person connects with us he/she should feel empowered. Only when we understand what are the values that we are trying to deliver? What our data is all about? When we understand all the stakeholders and the whole ecosystem, we will be able to puts the right security measures and checks. "





Jaspreet Singh Partner-Cyber Security, Africa, India & Middle East(AIM), Ernst &Young, said “Traditionally we thought that Army was enough for security but now we need cybersecurity too. When we include cyber warfare, we have to look at it from a nation’s perspective.”





Akhilesh Tuteja, Global Co-Leader-Cyber Security KPMG said, “ We are trying to protect singularity of interests with a cyber security strategy. Most people are not thinking about the possibilities technology domination can create for monopolies.”





Eminent dignitaries, government representatives and cyber security experts including Akhilesh Tuteja, Global Co-Leader-Cyber Security KPMG , Rohan Kochhar, Director, Public Policy, SKOCH Group, Shefali Dash, Former Director General ,National Informatics Centre, Sivarama Krishnan, Leader-Cyber Security PwC, Brijesh Singh, IG Police-Cyber, Maharashtra, Gokul Kumar Simli, Principal Consultant & CTO, Passport Seva, Ministry of External Affairs, SS Sharma, Director CERT-In, MeitY, Gautam Kapoor, Partner, Deloitte India, Dr. Gursharan Dhanjal, MD & Editor, SKOCH Group, Jaspreet Singh Partner-Cyber Security, Africa, India & Middle East(AIM), Ernst & Young, Gulshan Rai, National Cyber Security Coordinator discussed the need for Cyber Patriotism and various challenges that Indian Cyber security is facing today.





The Summit successfully addressed key Cyber security issues such as:





  1. Is India understanding how Cyber Vulnerable it is?
  2. Imperative role of PPP as private sector has more resources and knowledge base?
  3. Dire
    need for a blue book of Cyber Security and why the protection
    regulations need to see the issues as ecosystem issues and not
    individual issues.




Cyber
security experts also discussed the challenges of cyber security
infrastructure such as a huge number of attacks that are being made
every day, the huge gap between design of protection framework
and implementation and the upscaling of the government/ regulator and
private Sector interaction which is right now deep into audit only.





About SKOCH Group, it is India’s topmost think-tank for socio-economic issues with a focus on inclusive growth since 1997. Its research is accepted across political spectrum and is used for parliamentary replies as well as policy formulation. SKOCH Group specializes in action research that brings felt-need of the grassroots to the policy table. It has published seven books thus far that are valued as recommended reading. The repertoire of services includes field interventions, consultancy, research reports, impact assessments, policy briefs, books, journals, workshops and conferences. SKOCH Group has instituted India’s highest independent civilian honours in the field of governance, finance, technology, economics and social sector.


Edtech Startup Doubtbox Raises Funding from Times Group Owned Brand Capital


The strategic investment arm of the Times Group Media House, Brand Capital, has done an Investment of undisclosed amount in a Kerala based Educational Technology startup company, Doubtbox. Doubtbox is a learning platform that will make the child learn effortlessly and easily.

Doubtbox is founded by the promoters of eTutor, a path-breaking digital content repository, which is used by more than half a million school students for the last one decade. 





According to Ranjith Balan, the Founder and CEO of Doubtbox, the freshly raised funds will be used for branding in order to compete with other players especially Byju’s and Toppr Learning. Post this funding, the valuation of Doubtbox is expected to be between INR 50 Crores and 60 Crores. The online education sector in India is estimated to grow at a compounded annual growth rate (CAGR) of 52% to $1.96 billion by 2021, according to a joint study by Google and KPMG.





According to Reni Alphonse, Chief Operating Officer of Doubtbox, this innovative idea has brought technology and the well-acclaimed “Multiple Intelligence learning model” together to offer a different learning experience for the students of Class 1-12. Eminent academicians from IITs and IIMs has formulated the unique learning methodology adopted by Doubtbox. The Doubtbox way of teaching does not aim to alienate students from their school education. In fact, Doubtbox life starts where the daily school life ends. Students can revise the lessons which they learn at school using Doubtbox interactive digital multimedia content. Doubtbox has around 8000 animated topics for the Class 1st -12th which covers entire CBSE and ICSE syllabus. Assessment module of Doubtbox covers around 1.25 Lakhs syllabus oriented question bank, which is mapped to subtopic level for better analysis. Through the LIVE teacher feature of Doubtbox, students can Interact LIVE with an expert teacher after the school hours to get their doubts addressed and questions answered. Students/Parents can choose from the pool of certified Teachers according to their Location/Teaching Experience/qualification and the rating. Doubtbox products are available in different mediums like, Pen Drives, Tablets, SD cards and Online. Internet connection is mandatory only for the LIVE Teacher Module of Doubtbox.





Doubtbox products are really affordable when compared to its competitors. The price for its Educational Pen drive starts from INR 2750 per year and the educational Tablets are priced at just INR 13,750. As the LIVE Teacher feature is based on a pay-as-you-use model, it will be affordable and flexible for the parents as well.





Doubtbox has been selected as one of India’s fast-growing Education Technology startup (Ed Start Member) of the year 2018 by Amazon Web Services. Doubtbox Educational Pen Drives and Tablets are marketed in Kerala exclusively by the leading media house Malayala Manorama.





Published unedited via BusinessWire India


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