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Showing posts with the label start-ups

How Indian Startup Belong Is Using Machine Learning Algorithms To Hire Smarter For Companies

(From left to right) Saiteja Veera, co-founder, Vijay Sharma, CEO & co- founder, Sudheendra Chilappagari co-founder & head of product, and Rishabh Kaul, co-founder & head of demand.  Pic Credit: Belong For a long time, hiring in India (or for that matter anywhere in the world) meant candidates would have to be active on job portals and scout through the various jobs listed. It would then be up to the recruiter of a company to go through all the CVs and schedule interviews with potential candidates and the entire process took around four to five months. As companies run into increasingly competitive talent markets, recruiting costs and cycles are escalating. To overcome these challenges and help businesses meet their goals, recruiting teams need radically new capabilities and technologies, something Bengaluru-based startup Belong is helping companies to achieve. Basically, the premise is simple: for an employer and potential employee to connect with each other they

Note ban: New-age startups exult, claim jump in digital transactions

The demonitisation may also push more people online, make India "data rich" and facilitate a transparent credit ecosystem, according to experts India deciding to scrap existing currency notes of Rs 500 and Rs 1,000 is being welcomed by the country’s fledgling fintech and online commerce startups like manna from the heavens. They’ve rushed to capitalise on the hype around the cash crunch people are facing by promoting their own cashless payments and related services. Many have claimed big jumps in the volume of transactions they now see on their platforms, as India’s smartphone-toting English-educated urban households look at digital payments more seriously. The other choice is standing in long, serpentine queues at banks to exchange their old notes for the freshly minted versions that the government has released. “OptaCredit has seen a 300 percent increase in loan applications after the government’s announcement of banning Rs 500 and Rs 1,000 currenc

Nothing lacking in Indian startup entrepreneurs, says Narayana Murthy

Infosys co-founder NR Narayana Murthy says the new breed of entrepreneurs is smart and energetic High valuations of new businesses are a byproduct of the free market mechansism, says infosys co-founder NR Narayana murthy One of India’s most celebrated entrepreneurial minds, NR Narayana Murthy co-founded the $9.5 billion information technology (IT) giant Infosys in 1981. Since then, the self-made billionaire (his estimated net worth is $1.87 billion, putting him at No 62 on the 2016 Forbes India Rich List) has had an accomplished journey as a business leader. He led Infosys as its chief executive for over two decades, until 2002. Then, after relinquishing his executive role for almost a decade, Murthy returned as executive chairman of the Bengaluru-based IT major in 2013, only to step down a year later when he exited the board as well.   The company he co-founded has not only created lakhs of jobs, but also made several of its staffers millionaires through its employee

This Online Startup Tool Is Helping Singapore's Entrepreneurs Find Funding

Ask any startup in Southeast  Asia  — if they’re looking to raise funds, they’ve likely been flying in and out of Singapore. The “little red dot,” which is often praised for its friendly business environment and global connectivity, is home to some of the region’s biggest  tech  venture capital firms. And learning how to navigate the scene and knowing which fund is the best fit for your startup can give you an undeniable leg up. Photo Credit: ROSLAN RAHMAN/AFP/Getty Images Which is why two Singapore-based ecosystem builders  Arnaud Bonzom  and  Florian Cornu , who have been long-time collaborators on a number of open data projects for Southeast Asia, have created  Map of the Money 4.0 . It’s a new tool for entrepreneurs and  startups  to get the lay of the land in Singapore’s venture community and also figure out how best to raise money. “We believe that while most information about VC firms is available, it takes a lot of time to collect it and entrepreneurs should be

How Securing Startup Funding In India Differs From The U.S.

As the startup ecosystem in India  continues  to take off, it’s interesting to note the unique way Indian entrepreneurs go about their fundraising efforts. Certain patterns are universal in the lifecycle of a typical startup, and specific traits differ based on cultural and local norms. India and the US, two leading nations in tech innovation, are excellent subjects for examining universal elements of international startups, as well as differences. As an expat entrepreneur from India who currently lives and works in the U.S., I’ve had the opportunity to learn from the best practices and culture of each environment. Currently, my company is at the threshold of opening its first office in India following rollouts across North America – providing me with a unique full-circle vantage point. There’s a growing appetite for investment in new Indian businesses, both locally and globally. A country of 1.2 billion people with first-rate human capital and a strong tech education base, Ind

Billionaire Tech Brothers Debut On India Rich List After Selling Company To A Chinese Consortium

“We need to know that we are doing something that’s fun”: Divyank and Bhavin Turakhia. Credit: Eric Millette for Forbes Anyone can play a video-game. But can you create one? That was the challenge that motivated brothers Divyank and Bhavin Turakhia to begin game programming when they were still in primary school. The challenge came from their father, a chartered accountant, who also bought them books on how to create games. At age 13, when Divyank had a computer project at school, he and Bhavin, who was 15, spent an entire year developing a business-simulation game. It starts with an animation sequence on how a commercial partner has cheated the player and taken over a company. So, with no money in hand, the player is charged with building a rival business from scratch. The ultimate aim is to gain 100% market share. The player must handle money and employees as well as create and manage budgets, allocating across departments like human resources, research, sales and marketing.