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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102633) | |
22051. How this fintech lending startup used tech to overcome the serious business challenges of COVID-19
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Startups in Bharat
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India
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- Fintech startup SmartCoin, which provides small-ticket loans, was able to leverage technology and create a different business model to ensure that credit was available for the underserved sections of society in the challenging times of COVID-19
- SmartCoin was founded in 2016 by IIT/IIM alumni Rohit Garg, Amit Chandel, Vinay Kumar Singh, and Jayant Upadhyay. It has raised a total of $9.5 million so far from LGT Lightstone Aspada, Unicorn Ventures, and Accion Venture among others.
- “The COVID-19 lockdown was a litmus test for digital lending and how we fared in this became an important benchmark,” Rohit Garg, Co-founder and CEO, SmartCoin, tells YourStory.
22052. [Startup Bharat] Kochi-based Skyislimit aims to simplify sales and communications for businesses
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- Skyislimit Technologies is a Kochi and Mumbai based startup that builds products like Salesfokuz and Fokuz to simplify team management, communications, and sales.
- In 2015, he launched Skyislimit Technologies, a Kochi and Mumbai-based startup, with the aim to help organisations manage teams and sort out these issues in the sales chain. Its main product Salesfokuz is a full suite software that supports sales teams with a simple tool.
- In 2020, due to the coronavirus pandemic, connecting with people virtually and remotely became a necessity, which led Skyislimit to launch Fokuz, a video-conferencing platform.
22053. This edtech startup brings physical classrooms online, plans to onboard 500,000 students in 2021
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- eduTinker is one of the many edtech startups born during the pandemic. The B2B platform is helping schools in India and Nepal transition from offline to online.
- Following the pandemic-led boom — edtech funding grew from $522 million in 2019 to $2.2 billion in 2020, as per the Indian Private Equity and Venture Capital Association (IVCA) — a plethora of edtech startups have mushroomed to cater to the emerging needs of the ‘new normal’.
- Founded by Singapore-based serial entrepreneur Akash Aggarwal and techie Nilesh Gupta, the startup has built a one-stop student management platform for schools, coaching centres, and private tutors, and is expediting their movement from offline to online.
22054. This IoT-based startup empowers farmers with crop data
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- Techies from farm families, Sudhanshu Rai and Sumit Sheoran set up Fyllo in 2019 to help farmers take decisions based on information captured from the field.
- The two founders have been involved in agriculture since childhood. Sudhanshu, who grew up in Latghat village of Uttar Pradesh, graduated in computer science from APJ Abdul Kalam Technical University in 2011 and went on to work with Infosys subsidiary EdgeVerve.
- Sumit, a native of Bhiwani in Haryana, joined Sudhanshu’s team at EdgeVerve after graduating in computer science from IIT Roorkee in 2016. At EdgeVerve, they worked on a fintech product for three years. They also lived in the same apartment and played for the same cricket team..
22055. [Startup Bharat] This fashion ecommerce startup curates undiscovered, Made in India brands
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- Pune-based sisters Shabna and Shaiba Salam launched fashion and lifestyle ecommerce platform Maneraa in 2019. The startup aims to shine the spotlight on small, unbranded fashion and lifestyle retailers.
- She explains that their concept is to recognise the potential of small, unbranded fashion and lifestyle retailers, to help them manage quality, and to give them an opportunity to share their unique products with the India-wide market on an online platform.
- With its headquarters in Pune and an office in Kochi, Maneraa has a team of 15 people, working towards building a platform that bridges the gap between aspiration and access, for both buyers and sellers, and stands tall amidst the likes of Myntra, Nykaa Fashion, Limeroad, Amazon Fashion, and others.
22056. FarEye announces ESOP liquidity programme
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- The CEO of FarEye acknowledged the role of employees during the challenging year of 2020 and the ESOP liquidity is one of the initiatives.
- Logistics SaaS startup FarEye has announced a share buyback with an ESOP liquidation programme for its employees and the company said for the first time it has come out with such an initiative.
- Under the scheme, eligible employees can liquidate up to 35 percent of their vested ESOP shares and FarEye has announced the distribution of $739,000 for the liquidation.
22057. This startup ensures mental health wellness at the workplace with tech
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- Delhi-based SaaS startup MindPeers, founded by Kanika Agarwal IN 2020, offers clinically validated diagnostic tools and personalised wellness plans for organisations as well as individuals.
- “We are a mental health SaaS (software as a service) tool for consumers and employers,” says Kanika, who founded the startup in January 2020. “We cover the entire spectrum from mental illness to wellness.”
- This platform is a personalised tool for one to get diagnosed via our clinically validated tool and obtain a personalised mental wellness plan, leading to a proprietary self-care tool, which comprises behavioural and cognitive modules, techniques, unwinding gamification, insights and analysis as well as therapy services,” says Kanika.
22058. [Startup Bharat] Dhanbad-based 13Tabs is working to make the internet a safer place for people
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- The Dhanbad-based Trylika Technologies is solving this problem with its web search engine 13Tabs, which takes care of user privacy and prevents the spread of fake news.
- Founded in 2019 by brothers Sagar and Varun Mishra, 13Tabs is designed with privacy at the core of the product.
- The search engine does not record the user’s private information and enables search neutrality. Its fact-checker tool also enables users to check any social media post or news to prevent the spread of misinformation.
22059. [The Turning Point] How a friend’s pain point led to the launch of advance salary startup Valyu
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- The Turning Point is a series of short articles that focuses on the moment when an entrepreneur hit upon their winning idea. Today, we look at Gurugram-based advance salary solution Valyu.
- That’s what happened with Rashoo Kame, Co-founder of Valyu.ai, an accrued advance salary solution that helps employees avail salaries equivalent to the number of days that they have worked in a particular month.
- Rashoo joined hands with Gaurav Kumar to launch Valyu in July 2020, in the middle of the pandemic, after a friend lost his job.
22060. This startup is fighting indoor air pollution with its smart pot plant
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- Ubreathe, a product startup, has developed in-house technology to built “smart pot” plants that amplifies purified air at homes and offices.
- Ubreathe, a Gurugram-based tech startup founded in 2018 by Sanjay Maurya and Akshay Goyal, is on a mission to regenerate pure air in living spaces through its patented ‘smart pot’ plants. The startup is combining air-purifying plants with technology to amplify the output of purified air.
- “We are a product innovation company with a focus on urban city problems. We felt that air pollution has been ignored for a long time and there is a nice opportunity to innovate as well as set a benchmark in terms of a sustainable business,” says Sanjay, an IIT Kanpur graduate