Deep within the country, away from the limelight of the startup boom in the big cities, India is witnessing the true signs of Startup Bharat. In 2018 alone, startups in smaller cities raised $447 million across 63 deals, significantly more than the $142 million raised in 2017. Four months after we started YourStory’s Startup Bharat series, we take a look at whether ventures beyond big startup hubs are attracting the type of investor backing they deserve.
How Ather Energy used MATLAB to put its bikes on the road
Today, over 3,000 startups globally use MATLAB software in AI, robotics, and renewable energy. MATLAB believes it will scale up working with startups in India and is keen to showcase more success stories like Ather Energy. Ather created different sets of virtual models on MATLAB software to decide certain aspects like dimensions for individual parts of the vehicle or how to enhance the overall efficiency and mileage per charge.
Why Vietnamese-Singaporean startup Uiza is betting big on India
Uiza is an API platform for video streaming enabling developers and companies to stream videos directly from their own app in a fast and cost-effective manner. It has built a sophisticated video infrastructure, currently used by over 250 apps, serving viewers from more than 100 countries. In a conversation, Co-founder Kevin Nguyen reveals what being part of Sequoia’s first cohort means and their plans for India.
AI will change everything – marriage, sex, work: Manthan’s Atul Jalan
With over 170 customers across 21 countries, Manthan has managed to convert 'analytics as a service' into a 'platform play'. Speaking to YourStory, Atul Jalan, Founder of Manthan reveals how technology will change how we look at the normal and why machines will soon dominate man.
Ministry extends deadline for submitting active form registration
The Ministry of Corporate Affairs has extended the deadline for the filing INC 22, the e-form for registration of new companies. This should come as a relief for startups as there are several tedious requirements in documents like photographs of the building where a startup's office is located. The earlier deadline of April 25 has been extended to June 15 for now.
[Weekly funding roundup] Indian startup ecosystem raised $282.24M
Leading the pack was Ninjakart that received $100 million from Tiger Global in a Series C round, underscoring the investor's renewed interest in the Indian startup ecosystem, particularly in agritech startups, In total, the Indian startup ecosystem raised $282.24 million across 16 investments.
Chinese company Ctrip to acquire Naspers’ entire stake in MakeMyTrip
MakeMyTrip Limited announced that its investor Naspers Limited and Chinese travel services provider Ctrip have entered into a share exchange agreement, in which the former will exchange its entire shareholding in the company for newly issued shares of Ctrip. The Chinese company will then acquire Naspers’ current shareholding in MakeMyTrip.
Bulbul: just another shopping app or the start of something big?
In India, online shopping is not just about transactions anymore but is now a full-fledged experience. Keeping this in mind, Sachin Bhatia and Atit Jain launched Bulbul in November 2018, an online shopping app where hosts present their products live - just like in a physical store or on videos. You can ask questions about the product, place your order, and pay - all on one platform.