Startup News: How this serial entrepreneur started up during COVID-19 lockdown and raised funding too

#teachers #onlinelearning #education #onlineeducation #edtech #startupindia #startupbharat #startups

As I said earlier, most of the edtech startups looking at teachers or trainers as a commodity. But, only a few startups like BitClass are giving value to teachers and their teaching proficiency.

Bengaluru-based BitClass, co-founded by Gunjan Kejriwal and Utsav Tiwary enables independent teachers and coaches to schedule and conduct live classes in less than five minutes. Started in April this year, the platform has already delivered 35,000 minutes of live classes.

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How this serial entrepreneur started up during COVID-19 lockdown and raised funding too

Bengaluru-based BitClass enables independent teachers and coaches to schedule and conduct live classes in less than five minutes. Started in April this year, the platform has already delivered 35,000 minutes of live classes.

Just Released, Startup Genome Report Ranks Top 30 Global Startup Ecosystems

#startups #startuphub #bangalore #bengaluru

Startup Genome recently published The Global Startup Ecosystem Report 2020 with some interesting findings. Startup Genome has been tracking the growth of startup ecosystems around the globe since 2012.

It ranks the top ecosystems by a number of metrics including performance, funding, connectedness, talent and knowledge.

Silicon Valley is at the No. 1 position. New York remains at No. 2, now newly tied with London. Beijing is at No. 4, and Boston is No. 5. Tel Aviv and Los Angeles tied at No. 6.

Bangalore is the only city from India finding place at 26th rank in Top 30 startup hubs of the world.

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Just Released, Startup Genome Report Ranks Top 30 Global Startup Ecosystems

Startup Genome recently published The Global Startup Ecosystem Report 2020 with some interesting findings. Startup Genome has been tracking the growth of startup ecosystems around the globe since 2012.

Indian Government launches PM FME scheme to help micro food processing enterprises

#food #foodprocessing #government #india #microenterprises

The Indian government on Monday launched a Rs 10,000 crore scheme for micro enterprises which offers 50% subsidy for storage and transportation to prevent distress sale by farmers.

The scheme, called Pradhan Mantri Formalisation of Micro Food Enterprises (PM FME), aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets.

The scheme will be implemented for five years until 2024-25. It will generate investment of Rs 35,000 core, generate 900,000 jobs and help 800,000 units.

Under the PM FME scheme, micro enterprises will get 35% subsidy on project cost, with a ceiling of Rs 10 lakh. The beneficiaries will have to contribute at least 10% of the project cost while the balance will come from loans. Nearly 200,000 micro enterprises will get credit-linked subsidy support.

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Govt launches PM FME scheme to help micro food processing enterprises

New Delhi: The government on Monday launched a Rs 10,000 crore scheme for micro enterprises which offers 50% subsidy for storage and transportation to prevent distress sale by farmers.

Covi-19: Bharat Biotech's Covid vaccine gets DCGI nod for clinical trials

#covid19 #covidcure #vaccine #India #clinicaltrials #health #biotech

Indian vaccine manufacturer Bharat Biotech has announced obtaining the approvals of the Drug Controller General of India to initiate phase-I and II human clinical trials for the vaccine candidate for Covid-19 it developed in collaboration with the National Institute of Virology, part of the Indian Council of Medical Research.

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Bharat Biotech's Covid vaccine gets DCGI nod for clinical trials

Indian vaccine manufacturer Bharat Biotech has announced obtaining the approvals of the Drug Controller General of India to initiate phase-I and II human clinical trials for the vaccine candidate for Covid-19 it developed in collaboration with the National Institute of Virology, part of the Indian Council of Medical Research.

India’s digital strike on China amid LAC tensions: Govt bans 59 Chinese apps including TikTok, SHAREit

#vocalforlocal #vocalforlocalindia #apps

Breaking news!

Due to data security issues, the Indian government on Monday took an unprecedented step and decided to ban at least 59 Chinese apps.

The list of 59 mobile apps with their origin in China include TikTok, SHAREit, US Browser, Baidu map, Helo, Mi COmmunity, Club Factory, WeChat, UC News, Weibo, Xender, Meitu, CamScanner, and Clean Master - Cheetah Mobile.

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India’s digital strike on China amid LAC tensions: Govt bans 59 Chinese apps including TikTok, SHAREit

Amid the heightened tensions with China along the Line of Actual Control (LAC), the Indian government on Monday took an unprecedented step and decided to ban at least 59 Chinese apps.

Startup Funding Alert: Food startup Samosa Party raises Pre-Series A round from Inflection Point Ventures

#fundingalert #startupfunding #cloudkitchen #darkkitchen #startupindia #postcovidworld #foodtech #samosa

Inflection Point Ventures has invested an undisclosed amount of funding in snacking startup Samosa Party, which the company says it will utilise to scale, and open cloud kitchens across Bengaluru and other Tier-I cities.

Founded by Amit Nanwani in 2017, Samosa Party’s USP is freshly fried samosa in 14 different varieties. The brand claims to have become the go-to snack solution in Bengaluru for personal consumption, and groups and gatherings alike, with more than 80 percent repeat customers.

The startup said that it has scaled to serving 1.5 lakh samosas per month.

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[Funding alert] Food startup Samosa Party raises Pre-Series A round from Inflection Point Ventures

Inflection Point Ventures has invested an undisclosed amount of funding in snacking startup Samosa Party, which the company says it will utilise to scale, and open cloud kitchens across Bengaluru and other Tier-I cities. Samosa Party said it will also use funds to improve its production technology.

Inc42: Shared Mobility Startup Royal Brothers Adds Long-Term Subscriptions To Hourly Rentals

#sharedmobility #micromobility #ridesharing #subscriptionmodel #intercity #bikerental #startupindia #startupstrategy #postcovidworld

The shared mobility space which finally resumed its operations recently is going through a complete overhaul. Considering that consumers will be wary of sharing vehicles with others, in recent weeks, many bike rental and two-wheeler ride-sharing platforms have pivoted their offerings. Bengaluru-based Royal Brothers, a two-wheeler rental startup, revised its hourly rental model to add monthly subscriptions.

Co-founded by the professor-student duo of Manjunath T N and Abhishek Chandrashekar in July 2015, Royal Brothers claims to be South India's first RTO authorised self-ride bike rental platform. It has since established presence across eight states and 25 cities and claims to be the first player in the category to start the subscription model. The new monthly subscription model is meant to counter the health risks posed by public transports, while also helping the customers practise social distancing. The subscription model has been adopted by a slew of bike-sharing companies as the market adapts to the new reality post the lockdown.

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Shared Mobility Startup Royal Brothers Adds Long-Term Subscriptions To Hourly Rentals

From airlines to trains, to even local transportation — everything came to a standstill as India tried to flatten the coronavirus infection curve. But economies have to function and this would need people to step out of their homes, and so with the third phase of the lockdown in early May, the Indian government allowed mobility startups to resume operations with extra protection and safety measures.

Reliance Jio: Reliance Looks To Conquer Farm-To-Fork Supply Chain Market With JioKrishi

#agriculture #agritech #india #farmers #farming #intelligentfarming

Mukesh Ambani-led Reliance Industries and Reliance Jio Platforms are banking on the new partnership with Facebook to expand into the agritech domain with the JioKrishi app. The JioKrishi app will offer farm-to-fork supply chain support as well as data analytics.

Reliance recently launched the JioKrishi app to help farmers undertake precision farming aided by farmland data. The app, which is currently in beta mode, will use data analytics to alert the farmers about the right time to sow, irrigate, and fertilise the crops. The company believes that this will increase their productivity and yield.

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Reliance Looks To Conquer Farm-To-Fork Supply Chain Market With JioKrishi

Mukesh Ambani-led Reliance Industries and Reliance Jio Platforms are banking on the new partnership with Facebook to expand into the agritech domain with the JioKrishi app. The JioKrishi app will offer farm-to-fork supply chain support as well as data analytics.