Capital Connect: July Edition!
As we embark on another exciting month, we continue to see a massive uptick in the public markets as investors continue to make merry. With the recent budget announcement, we observed minimal corrections in market caps and sentiments, but the overall outlook remains positive. The significant highlight is the abolition of the angel tax across all investor classes, marking a landmark reform that benefits India's start-up ecosystem. We are particularly excited about our portfolio companies that are now moved into the next part of their journeys of scaling their respective businesses and moving towards some semblance of cash flows or profitability. The fintech start up ecosystem in India is thriving, driven by rapid digital adoption and a favourable regulatory environment. With innovations in digital payments, lending, and financial inclusion, Indian fintech start-ups are transforming the financial landscape, offering unprecedented access to financial services for both urban and rural populations. Solar rooftops in India are poised to be the next big revolution in sustainable energy, offering a decentralized and efficient solution to the country’s growing power needs. Financing will be critical in this transition, enabling widespread adoption by making solar rooftop installations more accessible and affordable for both residential and commercial sectors. Investments aside (and traffic!) we are enjoying a beautiful "Bangalore monsoon" with our piping hot filter coffee :)
Founder & Lead Investor
RoaDo partners with ISCM to promote Supply Chain and Logistics?
RoaDo which is an end-to-end operating system for logistics, from Sourcing to settlement of freight process, recently partnered with the 6th ISCM (India Logistics Strategy Summit) Forums to collaborate with industry veterans, reaffirming their commitment to simplifying logistics.??
The event highlighted how logistics has evolved from merely moving goods to becoming a strategic component of competitive supply chains, driving customer experiences and future economies. Click here!
Infinity Box at Hult Prize ?
Shashwat Gangwal, founder of InfinityBox, participated in the Hult Prize Foundation’s Global Regionals in Mumbai, where 360 teams from over 10,000 applicants across 113 countries competed. ? As a judge and panellist, Gangwal engaged with 60+ teams from 20+ countries, marveling at the diversity of impact-focused solutions, including mental health and hydrogen extraction. Reflecting on InfinityBox’s win, he highlighted Hult as an excellent platform for developing impactful and financially sustainable businesses. See what the founder has to say about it, here!
SportVot founders at BroadcastAsia?
At BroadcastAsia, Asia’s premier tech event, Sidhhant Agarwal, founder shared the panel alongside other luminaries. SportVot is an Indian Sports platform where you can watch the local match live streams, highlights, and emerging athletes of India. They explored the transformative potential of automation and AI in sports broadcasting. Their discussion heralded a new era of innovation, promising exciting advancements for the industry. SportVot, India's leading sports streaming platform. Click here!
Riskcovry’s founder Shared Scaling Strategies for Fintech at GTMDialogues Mumbai
Riskcovry, an InsurTech for enterprises, secured over USD 11 million funding. Suvendu, a seasoned entrepreneur in financial services, navigates distribution channels, builds strategic partnerships, and crafts winning business strategies globally. Join him for insights into B2B fintech sales and growth strategies. Suvendu Prusty, Founder of Riskcovry, shared scaling strategies at GTMDialogues Mumbai. Click here!
Entuple Meets Indonesia’s Investment Ministry with Indian EV Ecosystem?
Rakesh Mishra, founder, met with Indonesia’s Investment Coordinating Board (BKPM) in Jakarta, alongside members of the Indian EV ecosystem. Ministry of Investment/BKPM is a Government Agency which is in charge of implementing policy and service coordination in investment. Click Here!
Done Deal Between Terribly Tiny Tales & Collective Artists Network?
Done Deal is an end-to-end platform that simplifies and modernizes the acquisition process for startups, helping founders plan and navigate their path to success through acquisitions.? They recently announced their 6th M&A closure with Collective Artists Network acquiring Terribly Tiny Networks (TTT). To read more about the Acquisition, click here.
Anuj Parekh, Co-founder and CEO at Bharatsure, Authors Article in Outlook Business
BharatSure has been featured in Outlook Business in an article titled "The Unprotected Millions: Bridging the Health Insurance Gap for India's Gig Workforce." The article discusses the challenges faced by gig workers in India, particularly the lack of health insurance. It highlights the financial risks and health consequences of this gap and explores emerging solutions such as company-sponsored plans and government initiatives. The article emphasizes the need for a collaborative approach involving government, startups, insurance companies, and advocacy groups to ensure comprehensive health coverage for gig workers. Read more here.
MatchLog Collaborates with DahNAY to enable green and sustainable logistics
MatchLog, a pioneer in sustainable logistics and supply chain optimization, has collaborated with DahNAY, a company providing innovative logistics solutions, to optimize supply chain management via efficient container triangulation. By repurposing emptied import containers to fulfill export bookings, MatchLog and DahNAY aim to minimize empty container movements, significantly reducing carbon emissions. This collaboration highlights the commitment of both companies to sustainability and green logistics, aligning with DahNAY's theme for their 18th year, ‘The Year of Green.' Read more here.
Credit Fair in a Pan India Partnership with Waree
Credit Fair Signed up Waaree for a pan India partnership. Waaree has partnered with them in enabling them to add hundreds of their dealers across the country! ?On the supply of capital front, Unity SFB backed us with a term loan. Click here!
领英推荐
Sheetal Jain's Podcast Feature on Entrepreneur Lounge of India
Entrepreneur Lounge of India featured Sheetal Jain, Founder of Leremitt in the insightful podcast which delves into her journey and the platform's mission to support MSMEs in India, aiming to boost their exports and enhance global trade on occasion of MSME day. She discussed her extensive experience in corporate lending and fintech, LeRemitt's mission to simplify international payments for MSMEs, and the challenges faced in the industry. Watch the full episode here.
Chargeup Introduces "Chargeup Powered" Intelligent Battery Tech
Chargeup presents "Chargeup Powered," a ground breaking intelligent battery technology for EVs. This innovative system offers real-time communication, delivering unmatched insights and efficiency. Embrace this AI-driven evolution with Chargeup and witness the transformation in energy storage and management. Click here!
New Podcast Episode: Enhancing User Experience with Casual Games
Tune into Rooter’s latest podcast featuring Founder and CEO, Piyush Kumar, in conversation with Tanya Menon from Gamezop. They discuss the impact of adding a casual games zone to Rooter, emphasizing the importance of multiple revenue channels, strategic partnerships, and how Gamezop-powered gaming boosted Rooter’s revenue to $3 eCPM for Indian users. Discover how even small user-focused developments can significantly enhance a content platform. Listen here!
ISB’s Partnership with Investment Readiness Program
The Investment readiness program which is designed to bridge the gap between startups and potential investors. Over 50 days, the program empowers founders across sectors, from seed to series stages, with enhanced investment readiness, network access, and investor introductions. Click here!
Capital-A Team at ACS Student Chapter JNCASR’s Deep Science Startup Pitch Event
The ACS Student Chapter at JNCASR recently organized a startup event aimed at empowering deep science startups to raise funding and receive mentorship. Ankit and his team were part of the pitch event. Many promising ideas were presented, leading to follow-up conversations and further opportunities.The event served as a massive validation of the blossoming deep tech ecosystem in Bangalore. It was an impressive showcase of the talent and potential within the region's startup community. Read Here!
Aswani Chaitanya Shared his Insights at Headstart Network Fintech Event
Aswani Chaitanya recently participated in a panel discussion at the Headstart Network Foundation's Fintech event, "Embrace the Future of Financial Inclusion with Technology."?Aswani's insights highlighted the transformative impact of emerging technologies on the financial industry and their ability to drive greater financial inclusion. Click here!
While FinTechs are celebrated for their agility, innovation, and cost-effectiveness, legacy players have traditionally been seen as more established but often encumbered by outdated technology.? However, in recent times, these legacy financial institutions have launched several innovative products and services, some in collaboration with FinTechs and others independently. This shift demonstrates their commitment to evolving with the times and meeting the dynamic needs of their customers.? Click on the link?to?read?more!
By – Raashi Gupta, Investment Team?
Parker Conrad’s Theory of Compound Startup?
The video features Parker Conrad, CEO of Rippling, discussing his theory of the compound startup. He explores how software companies can disrupt traditional thinking and processes. Conrad emphasizes the importance of creating interconnected software products that work seamlessly together, enhancing efficiency and scalability for businesses. The conversation delves into the evolution of Rippling and its vision for transforming business operations through innovative software solutions.? You can watch the full video here.
How to Design a Rewards Program?
The article "How to Design a Rewards Program" explores the psychology behind effective reward systems and provides a practical guide for businesses to create successful rewards programs. It delves into the science of habit formation, the role of dopamine in the brain's reward system, and how various examples from parenting to corporate incentives illustrate the power of rewards in shaping behaviour. Click here to read more!