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Indian
Startup Funding Tracker is the latest addition to the Inc42+ membership
programme, helping the ecosystem keep a tab on all the latest funding
deals in a single place. The tracker includes all the startup funding
deals recorded in 2020, along with a 360-degree view of the latest
investments, sectors that are gaining attention, business models
and active investors.
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With
Covid-19 bringing down ad spending by brands, content providers, media
companies and entertainment platforms all need to focus on maximising
subscriptions. Most analysts and media founders felt that Covid-19 will
not change the market direction, in that this was always going to be the
logical conclusion. But the trajectory has shifted and the curve is now
climbing fast. Despite free consumption rising and discretionary spends
going down, subscription is expected to see more takers and
it will be interesting to see how the boom sustains itself in the long
run — will Indians continue to add to their subscription baskets or will
the hunt for quality bring the subscription players to a point of
consolidation?
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Policy
experts and tech platforms have argued that companies leading
censorihip and monitoring of user content will impact freedom of speech
and right to privacy. So does Donald Trump’s spat with Twitter and the
backlash a lesson for India’s social media regulation? Read the full
story and find out!
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"We
are solving two main problems for farmers in terms of microfinance —
one is the credit creation for farmers and the other is repayment of the
loans from farmers. This is done by using technologies such as
satellite imagery, soil sampling and testing," said Satoshi Nagata,
chief strategy officer at Sagri.
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Estimates
show that the India's most active 50 Mn internet users take cabs twice a
day, order food thrice a week, order groceries once a week, shop online
once every two weeks, book a flight / movie ticket once in 2 months
& pay for most of this digitally mostly through apps. Tapzo (one of
India’s earlier super apps) founder Ankur Singla in 2017 in a post
stated that almost all apps (except top 5-8 apps) see 60-80% uninstall
rate within 90 days due to lack of space, a
problem that a super app can potentially solve.
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"It
all depends on what kind of student you are, if you are dishonest,
edtech makes it easier for you to cheat." - Nisha Vashist, Delhi-based
chemistry teacher. This is the thing that is discussed very little in
the education circles. Despite edtech platforms and massive amounts of
content, nobody has been able to prove that students performance has
increased drastically because of these new-age teaching products.
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Today,
Reliance Jio not only owns the digital distribution chain through its
apps but also the tech and cloud infrastructure that it is pushing to
many small and medium businesses, thanks to its Microsoft Azure
partnership as well as the telecom or connectivity layer. Such balanced
vertical integration by Jio will enable it to offer lower costs in
digital services and eventually knock off existing competition (such as
Paytm, Amazon) in the segment. In fact, such a comprehensive
stack has not been seen in any other country in the world, save perhaps
China.
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Newly-incorporated
insurance tech startup #Onsurity raises nearly $2.5 Mn from Tier 1 VCs
such as Nexus Venture Partners, but is sued by rival #Acko, where
Onsurity's founders worked just weeks before starting up. Even though
such practices are not
uncommon, in Acko's case, the timing of the exits of Onsurity's founders
and the allegations of IP theft and the business pivot raises serious
questions.
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Mukesh
Ambani-led Reliance Jio’s massive funding spree will end at some point,
but the company’s backers may include more tech giants besides Facebook
as per new reports.
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As
lending startups pivot their credit models and adapt to the shifts in
the lending space, digital lenders are looking at smaller ticket sizes
with sachet loans to existing borrowers who have high creditworthiness.
At the same time, such startups
are also incorporating innovative ways such as WhatsApp bots and easy
support to connect with borrowers.
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