The software services industry body National Association of Software and Services Companies (Nasscom) on September 18 introduced the second phase of its 10,000 Startups initiative, Accelerate 10X. The Accelerate 10X programme, that aims to catapult the nation's deep tech startup ecosystem onto the next level, will focus on emerging technologies that will catalyse business and economic growth in the future. The artificial intelligence (AI) startup sector saw an increase in funding of over 70 percent in 2017 with natural language processing being one of the major focus areas for investors. Estimates suggest 50 percent of firms in India are implementing AI in their products, Nasscom said. Artificial intelligence has the potential to add $957 billion, or 15 percent of current gross value added to India’s economy in 2035 and deep tech startups will drive this transformation and the broad structural transformation of the economy, it said. In the last five years since its … [Read more...] about Nasscom launches next phase of 10,000 Startups programme
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Share to Twitter Share to Linkedin Sergey Gribov is a Partner at Flint Capital , an early-stage venture fund that invests across Israel, USA and Europe. In 2021, American VC-backed companies raised $329.9 billion . This is a nearly 100% increase over the record-breaking $166.6 billion raised in 2020. On top of this, early-stage VC activity surpassed $80 billion for the first time, and annual exit values soared to more than $774 billion. This huge influx of funds led to skyrocketing startup valuations in 2021. However, as the end of the Covid-19 pandemic appears to be on the horizon, entrepreneurs and investors alike are wondering what the future holds. Can these sky-high valuations last? Is this investment frenzy sustainable, or should we brace for a crash? Fortunately, the answers to these questions paint a brighter picture than you might expect. How The Federal Reserve Influences The VC Market The U.S. Federal Reserve is … [Read more...] about Startup Valuations Now: Are We In A Bubble?
Share to Twitter Share to Linkedin Peloton’s stock has seen another sell-off, falling by around 40% over the last month, as surging inflation, rising interest rates, and the prospect of a recession continued to turn investors away from growth stocks and pandemic favorites. Moreover, Peloton’s Q3 FY’22 earnings were weaker than expected, with revenue declining to $964.3 million from $1.26 billion a year ago, as demand for at-home fitness equipment cooled considerably. This marked Peloton’s first year-over-year revenue decline since it went public. Peloton’s poor planning didn’t help either, as inventory has piled up, eating into the company’s cash just as sales fell. Net losses also widened to $2.27 per share, from about $0.03 a year earlier. Things are expected to remain tough over Q4 FY’22 as well, with the company projecting revenue of between $675 million and $700 million, well below consensus estimates, marking a decline of as much as 29% from the same quarter … [Read more...] about Peloton Stock Is Cheap Given Its Solid Subscription Business
Share to Twitter Share to Linkedin The fact that the name of Liat Hayun’s company is “Eureka” says something both about her confidence and the problem the company is tackling. Eureka is the word the famous Greek scientist Archimedes is said to have uttered as he ran down the street in Syracuse (naked), having discovered the principle of buoyancy. The king had asked Archimedes for a way to test whether a crown provided him by a vendor was as full of gold as had been promised. Cybersecurity is weighty these days, too. Amid the war in Ukraine and growing concerns about Russian attacks on U.S. infrastructure, the constant evolution in the sector is more critical than ever – and the question of which governments and companies have access to the latest technology is critical, too. Shortly after Russia’s armies attacked Ukraine, three cybersecurity firms offered free protection to U.S. hospitals, for instance. Tel Aviv-based Eureka says it helps security … [Read more...] about A Palo Alto Networks Exec Emerges With Her Own Cybersecurity Startup, Just As The Wartime Stakes Are Rising
Salil Parekh has been chief executive and managing director of Infosys since January 2018 India’s second largest software firm Infosys said on Sunday that its board has reappointed Salil Parekh as managing director and chief executive officer for five more years starting July, reposing trust in a leader who has turned around the company ever since he took over in January 2018. In a filing to exchanges on May 22, the company said, “The board in a meeting on May 21 approved the reappointment of Parekh subject to the approval of shareholders.” ESOPs to retain top talent The company has also rolled out performance-linked stock units to nearly 100 top executives amid rising attrition. The board has approved a grant of 104,000 shares to six key management personnel and another 375,760 shares to 88 other senior executives in a bid to retain leadership amid a war for tech talent. These performance stock units will be granted under the Infosys Expanded Stock Ownership … [Read more...] about Infosys reappoints turnaround artist Salil Parekh as boss, showers stock options on top execs
Share to Twitter Share to Linkedin Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 - Apple, Microsoft, and Google want you to go password-less. Apple, Google, and Microsoft recently announced that they will soon employ technology from the FIDO (Fast Identity Online) Alliance to make it possible for users to work across websites and apps by logging into a single website in Chrome from their PC using an iPhone. Users will use facial recognition, passcode, or fingerprint ID to register their identity through their smartphone. Once users confirm their identity on their phones, it’s there for good. (Source: Yahoo Finance ) Why this is important for your business: One of the biggest trends business owners will see over the next couple of years will be the death of passwords. Easily hacked and poorly administered, passwords have always been a lousyt way to secure data. The … [Read more...] about Apple, Microsoft And Google Are Killing Passwords…And Other Small Business Tech News This Week
Share to Twitter Share to Linkedin We’re at a turning point now in the United States, where by common assent and decent evidence, we’ve moved out of the pandemic. But there’s a danger that in our eagerness to move on, we’ll forget the lessons that pandemic offers. After the 1918-1920 pandemic, the medical establishment and municipal governments adopted a more egalitarian approach to health care. The journalist Laura Spinney wrote in 2018 that the flu pandemic helped people realize that it wasn’t reasonable to blame people for catching a disease. How wonderful would it be if the lesson of this pandemic is that we need an efficient public health infrastructure that supports people’s health regardless of their ability to pay? In interviews with entrepreneurs and people working on the front lines of innovation since the beginning of the pandemic, I’ve talked to people about what lessons we ought to take away. Here are four ideas: Pandemic … [Read more...] about The Pandemic Showed Us What Works. Now Is Not The Time To Forget.
(Image credit: vineetasng/Instagram) SUGAR Cosmetics CEO Vineeta Singh did not plan to launch a make-up brand. The beauty products market was already crowded with big players and coming from an engineering background, she had no experience with make-up or chemistry. Vineeta Singh, one of the judges on hit startup reality show Shark Tank India, recently took to LinkedIn to answer the question she is asked frequently: How she thought of starting a make-up company. “Well, the answer is that I did not think of launching a makeup brand,” Singh said in response. “I definitely wasn't born with the courage to take on "giants"! I obviously wasn't planning to enter any over-competitive markets.” Singh added that she and her husband Kaushik Mukherjee “started something else” and it failed. “It was our customers who literally took us down this road,” she said. The SUGAR Cosmetics CEO has previously revealed she planned to begin her startup career 15 years ago with a lingerie … [Read more...] about ‘Started something else and failed’: Business lessons from Shark Tank judge Vineeta Singh
IIFL Securities' Director, Sanjiv Bhasin believes that Indian markets offers great opportunities now (File photo) The Indian markets will soon bottom out and the “storm will pass in a week or 10 days”, according to Sanjiv Bhasin , director of IIFL Securities. “I think we are close to bottoming out and we may have already made the bottom at 15,700… from May 23 (Monday next week) we should be moving upwards,” said Bhasin in an interview with CNBC-TV18. He believes India “stands out in the crowd”. Also read: Market live blog on stocks that are driving the sentiment “Everything cannot be weighed against what is happening in the US and across the globe,” he said, adding that the stand-off between the country and Russia is hurting the former the most. Close “In this whole juggernaut of up and down volatility, I think Indian equities are still offering the best returns and opportunity to enter,” Bhasin said. In Asia, he believes the country and … [Read more...] about Indian markets should be moving upwards next week: IIFL’s Sanjiv Bhasin
Share to Twitter Share to Linkedin In 1999, Rocío Pérez Ochoa graduated with a Phd in particle physics from CERN, in Geneva, one of the top organizations for scientific research in the world. Following the path of many bright minds over the last few decades, she got a job at a hedge fund and moved to the City of London. In a financial center, one of the birthplaces of capitalism, she had an outwardly great life: education, career, family. But having children, a daughter in 2004 and a son in 2007, changed things. After they were born, she started to ask herself: Am I doing something that would make them proud? Hedge funds are investment vehicles for the world’s wealthy. So, the answer to the question was a definite no. “Making rich people richer does not really matter,” she said. Pérez Ochoa went back to school then, for a master’s in climate change, and then got deeper, eventually starting a company with a colleague, David Disch. The company, … [Read more...] about When Life Inside A Hedge Fund Left Her Wanting, She Started A $2 Million Company In Rural Kenya