Indian Startup Stories: Jaipur based IT Firm's Videomeet App Can Support Video Call With 2000 People

#videoconferencing #virtualmeetings #onlinemeetings

Jaipur-based IT company Data Ingenious Global Ltd has developed a video-conferencing app, Videomeet App, that the company claims can support up to 2,000 people in a session at present, according to a top company official. Data Ingenious Global Founder and CEO @Ajay Data said there is no limit as to how many people can attend a meeting in a session as it will depend on the bandwidth and hosting facility available with the user.

He said the company had deployed enough resources to support up to 2,000 people in a video conferencing session and the service was available for free to everyone. "We have just started. We will assess the demand from the market and accordingly make additional investment in the deployment of additional IT sources. We will come up with a paid model after going through the feedback," Ajay said.

The Ministry of Electronics and IT has shortlisted the app in the video conferencing app development challenge and will give the firm a certificate for the development of Videomeet App. "We have already developed the app. We didn't require funds from the government. Therefore, the ministry will only give us a certificate for the app development," Ajay said.

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Jaipur based IT Firm's Videomeet App Can Support Video Call With 2000 People

Data Ingenious Global Founder and CEO Ajay Data said there is no limit as to how many people can attend a meeting in a session as it will depend on the bandwidth and hosting facility available with the user., , VIDEOMEET, Ajay Data, narendra modi

How a small-town boy with Rs 12k built a Rs 200 Cr turnover business, landed Amazon, Google, Adidas, PepsiCo as clients

#success #startups #startupstories #furniture #interiors

Tushar Mittal started his interiors business SKV (Studiokon Ventures Private Limited) in Gurugram in 2009 with minimal investment.

Tushar started SKV with just Rs 12,000 that he saved during his short stint at DLF. He took no external funding over the next 11 years, and built SKV into a Rs 200 crore turnover company with over 250 employees.

Tushar believes the industry features no set platforms, norms, or processes. Thus, his team had to develop tech systems and exclusive technologies to streamline business processes and provide clients with better experiences.

SKV started as an interior design and service provider, and it diversified to develop its own furniture category and range.

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How a small-town boy with Rs 12k built a Rs 200 Cr turnover business, landed Amazon, Google, Adidas, PepsiCo as clients

Tushar Mittal, Founder and CEO, Studiokon Ventures Born in 1982 in the small town of Rudawal, Rajasthan, Tushar Mittal studied at a local village school. His parents, who ran a kirana store that sold groceries, were in debt. They had taken loans from local lenders and relatives, and were under pressure to return them.

Startup Funding Alert: Data analytics startup Evidation raises $45M, plots foray into virtual health

#healthtech #wearabletech #remotehealthcare #virtualclinicaltrials #clinicaltrials #startups #startupideas

Evidation Health, a startup that provides technology for virtual clinical trials, raised $45 million in series D funding. The company plans to use the funds to offer virtual health programs to research participants.

The San Mateo-based company can pull in data from wearable devices, videos, speech, and other sources. It also designs virtual studies using this capability, such as Johnson & Johnson’s Heartline study, which tests whether an Apple watch feature can detect atrial fibrillation earlier and reduce participants’ stroke risks.

The company’s research app, Achievement, pays users to track steps, sleep, meals and other health metrics. They can also opt into participating in virtual clinical trials. Evidation Health says 4 million people that use the app.

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Data analytics startup Evidation raises $45M, plots foray into virtual health

Evidation Health, a startup that pulls in digital health data for virtual studies, raised $45 million in funding. The San Mateo-based company can pull in data from wearable devices, videos, speech, and other sources. It also designs virtual studies using this capability, such as Johnson & Johnson's Heartline study, which tests whether an Apple watch feature can detect atrial fibrillation earlier and reduce participants' stroke risks.

The Chennai-based startup MicroGo's IoT-enabled hand hygiene device is seeing high demand amidst COVID-19

#biotech #startups #IoT #healthcare #healthtech #covid19 #India

MicroGO, a Chennai-based biotech startup, has seen a rise in installations of its #IoT (Internet of Things) enabled hand hygiene device during the coronavirus pandemic. Founder Rachna Dave claims that it has installed around 180 units of its GOassure device since March 2, 2020, across various cities.

First installed at the Chennai airport, the GOassure was later added at other Airport Authority of India controlled airports in Baroda, Calicut, Hyderabad, Guwahati, Pune, and Kolkata, among others. The devices have also been installed at various enterprises like Taj Group, BigBasket, Tata Capital, etc.

Apart from GOassure, which is in heavy demand during COVID-19, MicroGO also manufactures devices like GOsteri, which can be used for sterilisation of surgical instruments and requires no water and electricity. It has also developed GOclean which is a disinfectant spray for surface disinfection and GOpure, for disinfection of domestic and sewage water. The startup also has its patented technology platform, Tubelet, which uses chlorine dioxide without contaminating the treated water with any chemical residues. Since its launch, MicroGO has filed seven patents and eight trademarks.

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This Chennai-based startup's IoT-enabled hand hygiene device is seeing high demand amidst COVID-19

MicroGo, a Chennai-based biotech startup, has seen a rise in installations of its IoT (Internet of Things) enabled hand hygiene device during the coronavirus pandemic. Founder Rachna Dave claims that it has installed around 180 units of its GO assure device since March 2, 2020, across various cities.

Automobiles: Indian EV startups beat slowdown to raise capital

#startups #ev #electricvehicles #funding #india

Bigger auto makers in India may be cutting off funding lines to their overseas subsidiaries but electric vehicle start-ups and allied businesses based within the country are attracting investments.

The electric vehicle maker Euler Motors raised Rs 20 crore as a part of its ongoing Series A funding led by the Inventus Capital India. Euler Motors is focused on launching, a one of its kind a last mile, light city truck powered by batteries. No company is India has commercially launch a battery-powered commercial vehicle.

Bengaluru-based Yulu Bikes, another electric vehicle maker, raised Rs 30 crore in equity funding led by US-based venture capital firm Rocketship and other existing investors. The Bajaj Auto-backed company has developed electric bicycle as well as electric scooter which it gives on rent for the last mile connectivity in large cities.

The promoter of charging infrastructure start-up CHARGE+ZONE, Tecso Charge Zone raised undisclosed capital from Mumbai Angels Network. Tecso Charge Zone is a subsidiary of Tecso Global, a Gujarat-based group.

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This week in Auto: Indian EV startups beat slowdown to raise capital

The COVID-19 pandemic has forced many companies to cut funding in several of its overseas subsidiaries to conserve cash. But at the same time some start-ups in India have carried out a funding round and successfully raised capital the lockdown roadblock notwithstanding.

How data analytics startup Near went from adtech to become a SaaS company

#martech #adtech #startups #startegy #startupstories

The Singapore and Bengaluru-based startup Near, which was initially called AdNear, used location data to serve customer-relevant ads. Eight years on, Near, founded by Anil Mathews in 2012, has emerged as a #SaaS (software-as-a-service) startup, which collects real-life data about consumers and merges it with online data to create their profile. Near has raised over $134 million from marquee investors like Sequoia Capital.

Near gathers data from a diverse set of data partners such as data aggregators, app partners, Wi-Fi partners, public hotspots, census data sets, and regional data partners across markets. It then takes the raw, unfiltered, and unstructured data signals and puts it into context by adding a layer of data science on it. Near’s customers can then understand the behaviour of users not just based on the places they are visiting, but the behaviour they exhibit in the real world. At present, Near has clients like Mastercard, WeWork, and Boston Consulting Group (BCG). It has taken the startup close to seven years to expand globally to reach the $1.6 billion scale.

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How data analytics startup Near went from adtech to become a SaaS company

In today's digital era, marketers are collecting massive amounts of data from consumers through the internet. Platforms like Facebook, YouTube, and Google have a lot of data about people, and companies are on a constant chase to capture user data to promote their products. However, not many companies have the data from the physical world.

The wealth-tech startup Winvesta helps Indians invest in Google, Amazon, Facebook, and other US stocks

#wealthmanagement #fintech #startupstrategy #LRS #overseasinvestment #India

Winvesta, co-founded by Swastik Nigam and Prateek Jain, allows Indians to invest in overseas stocks and buy fractional shares of highly-valued firms like Facebook, Google, Amazon and others on the S&P 500 index.

The entire registration and #KYC process on Winvesta is paperless, and can be completed on the app. The startup is authorised and regulated by the UK’s Financial Conduct Authority (FCA). Its local office is situated in Mumbai, but Winvesta runs a team spread across four countries.

Users can create a US stock brokerage account or an international multi-currency bank account within 15 minutes. It has no significant upfront costs, annual tie-ins, or minimum thresholds. It also promises zero-commission trading. It not only allows fractional trading, but also lets Indians buy international real estate, and pay for foreign education through borderless bank accounts.

Winvesta is creating market differentiation by blending commission-free stock-trading with multi-currency banking on a clean and user-friendly interface. Under the liberalised remittance scheme, Indians can invest upto $250,000 per year overseas under Liberalised Remittance Scheme (LRS).

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This wealth-tech startup helps Indians invest in Google, Amazon, Facebook, and other US stocks

Winvesta had a start like no other. Incorporated in London in August 2019, the cross- border investment platform went live in India in March 2020, two days after the nationwide lockdown. "It was as good a time as any," Founder and CEO Swastik Nigam tells YourStory.

Startup Strategy: How can challenger banks differentiate themselves?

#challengerbanks #neobanks #digitalbanks

Please read what John Ellmore, Director, Know Your Money, has to say on how challenger banks are distinguishable for their modern fintech practices and how they further can differentiate.

Challenger banks have distinguished themselves by revolutionising the banking process. They pose a disruptive presence to retail banking across the value chain. It’s no secret that challenger banks employ attacking business models. With market saturation not far away, challenger banks can differentiate themselves more than ever and stand out from the crowd by -

1. Leveraging data they collect to generate insights, realise value and effect a hyperpersonal approach to their customers

2. Challenger banks would be well advised to seek streams of income from beyond the realm of traditional banking.

3. Driving down costs with digital capabilities by using data and analytics and leverage automation and AI to drive down the cost to serve, minimise human touchpoints and improve both cross-sell ratios and service levels.

4. Challenger banks would be well advised to vie for the finest talent by looking beyond the usual rewards to both attract and retain their workers.

5. Evolve the business strategy models

6. Reshaping the fintech ecosystem

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How can challenger banks differentiate themselves?

Challenger banks are distinguishable for their modern fintech practices-but with market saturation never far away, how can they further differentiate?

FinTech News: Monetary Authority of Singapore (MAS) to review 14 bids for digital bank licences

#digitalbanks #singapore #regulation #license #banking

The Monetary Authority of Singapore (MAS) Authority of Singapore is to review 14 successful applicants for five available digital bank licences, in a concerted effort to inject competition into the banking sector by enabling non-bank players with innovative digital business models to offer banking services.

Applicants include e-commerce firms, technology and telecommunications companies, fintechs - such as crowd-funding platforms and payment services providers - and financial institutions. The majority of applicants are consortiums, says MAS, with entities seeking to combine their individual strengths to enhance the digital bank’s value proposition.

Publicly known bids include those from wealth management tech supplier iFast, gaming group Razer, ride-hailing firm Grab and telco Singtel, Chinese giant ANT Financial Services and Southeast Asian consumer internet company Sea Limited.

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MAS to review 14 bids for digital bank licences

The Monetary Authority of Singapore is to review 14 successful applicants for five available digital bank licences, in a concerted effort to inject competition into the banking sector by enabling non-bank players with innovative digital business models to offer banking services.

Venture Capital: Sequoia launches $1.35B fund to invest in startups in India and South-East Asia

#angelfunding #seedfunding #vc #vcfunding #startups #startupindia #sequoia

Sequoia Capital has announced the creation of two new funds totalling $1.35 billion dedicated to investment opportunities in India ans South-East Asia.

The two new investment vehicles of the marquee venture capital fund will be a $525 million venture fund and $825 million growth fund.

In a post on LinkedIn, Shailendra J Singh, Managing Director of Sequoia Capital, said, “Sequoia India now operates seed, venture and growth funds, a structure that allows Sequoia to remain a relevant partner for founders at all stages of their journey. The three Sequoia India funds will continue to invest across India and SEA.”

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Sequoia launches $1.35B fund to invest in startups in India and South-East Asia

Sequoia Capital has announced the creation of two new funds totalling $1.35 billion dedicated to investment opportunities in India. The two new investment vehicles of the marquee venture capital fund will be a $525 million venture fund and $825 million growth fund.

Medical Technology: Rapid Diagnostics Device Developed Using Figure 4 Standalone | 3D Systems

#labonchip #diagnostics #remotehealthcare #affordablehealthcare #remotepathology #healthtech #rapiddiagnostics #3dprinting

A team of researchers at Imperial College London, led by Dr. Pantelis Georgiou, is tackling this problem head-on with a project called Lacewing for pathogen detection. Offering results within 20 minutes from a smartphone app synced to a cloud server, Lacewing makes disease testing portable, including SARD-CoV-2-RNA, and automates the tracking of disease progression through geotagging.

It is a sophisticated “lab-on-a-chip” platform that promises to fill the access- and information-gaps in the world of diagnostics by combining molecular biology and state-of-the-art technology. Whereas other diagnostics technology requires large and expensive optical equipment, the electrical sensing method and small size of Lacewing is a true evolution in approach.

The Lacewing platform is a molecular diagnostic test that works by identifying the DNA or RNA of a pathogen within a patient sample. This type of test makes it possible to determine not only if someone is infected with a certain disease (dengue, malaria, tuberculosis, COVID-19, etc.), but to what degree, which provides more insight into the severity of the symptoms.

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Rapid Diagnostics Device Developed Using Figure 4 Standalone | 3D Systems

The Lacewing project out of Imperial College London is a lab-on-a-chip platform for diagnosing and tracking diseases, with key components 3D printed using 3D Systems' Figure 4 and biocompatible-capable materials.