Under the harsh scrutiny of the bourses, it was expected that Infibeam’s IPO would provide signs as to what the markets really thought of the Indian e-commerce sector.
It had been one of the most debated topics in tech circles last year. It had stirred debate, drawn discussions and polarized people. But it looks like the subject has finally been put to rest. Myntra will relaunch its desktop site that it had shut down in May last year.
Uber and Ola had suspended surge pricing in Delhi after the Delhi government’s directive, but it looks like it’s back. On the first day of the diesel car ban in Delhi, both Uber and Ola have resumed surge prices to the capital.
Jabong’s parent company, Global Fashion Group, has secured a $346 (EUR 300m) million from Kinnevik and Rocket Internet. While Rocket Internet will underwrite around EUR 100 million of the financing, it will invest around EUR 85 million including the conversion of an existing investment at the terms of the financing.
There are years that ask questions and years that answer back. A couple of years back I was faced with a question central to my professional life, at the very onset of it and that was, “How could the void in communication in both B2B and B2C marketing leading to failure in engagement be addressed?”
India’s neighbour and archrival, Pakistan has a counterpart for every top Indian startup there is, right from Flipkart to Naukri.com to Zomato. Pakistani startups may have a long way to go in terms of investment rounds, the look and feel of the website and app, and market penetration, the presence of these established startups is a handy reckoner of its potential. And while India is sometimes accused of following US and China models of startups, it’s in a way redeeming to say that many of India’s homegrown startups have inspired the same in its neighbour country.
Here’s a look at top 12 Pakistani startups, along with their Indian inspiration.
While there are many accelerators operating in the Indian marketplace, one that stands out from the crowd is Jaarvis Accelerator (JA). Sponsored from Hong Kong and Singapore and operating in India, JA is an innovative venture by the Jaarvis Group, which strives to identify early stage sustainable startup ideas and help them turn into scalable business models.
Amongst all the reasons quoted for starting a startup, the most common ones are “wanting to create something”, “passion to do”, and “be independent”. Very few founders would blatantly admit “to be rich” as one. However, being rich just happens to be one of the by products of a successful startup. Nine out of ten startups fail, but the ones that do sustain really rake in the moolah. And it can happen very, very quickly. So it’s no wonder that in a burgeoning startups ecosystem in India, some of the youngest richest Indians are startup founders.
Here’s the list of these startup flounders in the order of wealth and age.