Tuesday 28 October 2014

OnePlus One Will Be Available in India via the Invite System Only

10/28/2014 11:13:00 am TECHNOLOGY No comments

OnePlus One Will Be Available in India via the Invite System Only

The fact that the OnePlus One will launch in India has been known for a while now, but it wasn't clear if the phone will be available via general sale, or if the company will continue the invite-based approach seen internationally. Now, there's some clarity of the subject.
The company, via a forum post mentioned that India is a new market where it would like to minimise the risks. As a result, the company will introduce an India-specific invite system for those looking to order the OnePlus One smartphone.

"As with our current launch countries, Indian users will be able to purchase the One with an India specific invite," a company representative wrote on the forum. "Invites have been immensely helpful for us thus far in our current launch countries. They allow us to control our inventory, scale our team and support services to grow along with demand and create an overall better experience for those users with the One. As this is our first experience with the Indian market, we didn't want to be too ambitious."
The firm added that Indians will have enough chances to earn invites, either through the forum or through its social media channels. OnePlus will also be working with local partners, as hinted by the company's job listing for "General Manager - India, Operations" a few months ago.
"Don't worry. Invites will be neither scarce nor impossible to come by. We'll also be working with a local partner for an even easier way to get your hands on the One. In addition, invites will also be available through our forums and social media channels... but more information on that a bit later," added the forum post.
The exact India release date for the OnePlus One smartphone has not been confirmed yet.
The OnePlus One will be up for pre-orders in international markets on Monday. To order the handset, users can visit the dedicated pre-order website. Notably, users would need to create a OnePlus account before pre-ordering the OnePlus One. However, the catch here is that the pre-order window is just an hour. The firm would not limit the number of units ordered, and the phones will ship as and when they become available.

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Motorola Droid Turbo Could be Announced on Tuesday; Price Leaked

10/28/2014 11:11:00 am TECHNOLOGY No comments

Motorola Droid Turbo Could be Announced on Tuesday; Price Leaked

motorola_droid_turbo_back_panel_red_leak_phonearena_droid_landing.jpg

Motorola Droid Turbo could be announced on Tuesday with Verizon's dedicated Droid Does website sporting a countdown with a tagline that says, "Droid launch set. All will be revealed." The timer is counting down to 12 noon IST on Tuesday with text "Droid launch date set. All will be revealed. Sign up for activation notification." on the page.Further, a new leak tips the yet-to-be-announced Droid Turbo smartphone will go on sale starting Thursday. Additionally, a bunch of leaked images purportedly showing the retail packaging of the Droid Turbo has surfaced online alongside expected pricing of the handset.
According to Moto Firmware, the unannounced Motorola Droid Turbo handset is in stock with retail stores and will go on sale starting Thursday. @MotoFirmware tweeted "The Droid Turbo will launch on October 30th per our source. Also retail stores already have them in stock. Thank you for the catch."

Motorola Droid Turbo smartphone is said to be priced at $599 (Rs. 36,650 approximately) for the unlocked model or $199 with a 2-year contract, as per Droid Life.
The tipster named Moto Firmware also posted a bunch of leaked images that showed the Droid Turbo will include Motorola's Turbo charger in the box. The leaked images also show that the handset will come with 4G LTE support and will sport dual-LED flash, as rumoured previously.
Rumoured specifications of the Motorola Droid Turbo handset include a 5.2-inch QHD (1440x2560 pixels) resolution display, a Snapdragon 805 processor, 3GB of RAM, 32GB inbuilt storage, 21-megapixel rear camera with dual-LED flash, 3900mAh battery, and Qi wireless charging compatibility with support for Motorola's Turbo Charger.
The Motorola Droid Turbo is also said to sport a body that can resist everyday spills and survive up to 20 minutes in a downpour. Other features like Moto Actions, Moto Display and Moto Connect are also tipped to be included in the new Droid smartphone. Besides 4G LTE, the Droid Turbo was previously also tipped to feature Bluetooth, NFC, Wi-Fi and GPS connectivity options.

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7 mobile innovations from the land of Samsung and LG

10/28/2014 11:08:00 am TECHNOLOGY No comments

7 mobile innovations from the land of Samsung and LG

This is the second part of the list of the most promising mobile innovations of South Korea. You can check the first part here.
Here are seven most promising Korean innovation in mobile technology which we saw at Global Mobile Vision 2014 in Seoul last week. Most of the companies are at a mature stage having being founded before 2010, with an experienced team and already profitable.

What happens in South Korea, no more stays in South Korea

BridgeCall (Bridge Mobile, Inc)

What is it?: Ever since the first VOIP call was made, the world has changed to a better place where it is possible to keep in touch with people who matter in one’s lives, for a cost that was once unthinkable: free. However, and despite the ubiquity of VOIP technology, the only way to have a truly seamless integration of VOIP in the mobile phone experience is a carrier-supported WiFi call feature, which is very rare.
Bridge Call may be the solution: it is an Android app, which aims at being invisible. It integrates with the existing phone and contact user interface. When a call is made, it determines if both parties are registered on Bridge Call, and if that’s the case, the call is switched to a free VOIP call, without user intervention. If not, the call uses the standard voice call provided by the carrier.

Why is it in the list?: Bridge Call does an impressive job of integration that has eluded established players who all require users to open a different app. This gives Mobile Bridge Inc a chance to provide what users truly want.

CallGate:

What is it?: CallGate is a SaaS provider of high ROI enterprise mobile solutions. CallGate Visual Voice allows customers to view call center’s service menu on their mobile screen while listening to recorded voice from the IVR service.

Why is it in the list?: CallGate is solving an important problem faced by all while making calls to customer service centers. The company has a strong IP with over 300 patents in APAC region. With USD 3 million raised so far, they have already gone profitable last year and the revenue is almost doubling every year. The company has 40+ call centres as their clients (of the total 700) in Korea. They are soon going to launch in the US, Taiwan & Japan. An experienced team behind the company makes its future more promising.

Hub & Spoke (Tenjoy Board)

What is it?: Tenjoy Board is a tweaked gym board with multiple functionalities which can be used for education, fitness and gaming. Men and women of all ages can exercise continuously anytime and anywhere with Tenjoy Board. One can exercise by manipulating the smartphone and computer games with their feet.
Why is it in the list?: The company has an experienced team behind the product who has already sold over 300,000 gym boards in the past (in Korea). It has a tie up with the telecom giant SK Telecom in Korea to sell the product (Tenjoy).
Korea is undeniably one of the hottest gaming markets in the world, and with the additional applications in education and fitness, the Tenjoy board is more promising than any other piece of hardware. The applications (software) have massive potential to be tweaked around and thus increase the number of use cases for the board. The product is apt for all age groups; education for kids, gaming for teens and youth and fitness for elderly. A possible collaboration with companies like Samsung and Intel can further boost the international presence of the product (already in talks).

Korea Creadic Life (Adpop)

What is it?: Korea Creadic Life develops software and provides payment service related to CAT, POS, electronic signature pad, and credit card payment at about 450,000 member stores.
AD-POP is equipped with multifunction (NFC payment, RF payment, QR code recognition, advertisement, and mobile coupon, etc) unlike conventional sign pad that only credit card users could use to sign the bill. This embraces even mobile-based payment market along with the credit card users.

Why is it in the list?: There are additional features like visitors personal information encryption, real time visitors statistics, automatic transmission exhibition e-catalog, which cater to exhibition industry. The innovative features provide usefulness and fun to the users and convenience and service to member stores and advertisers.

SpacosaCorp (Famy):

What is it?: They provide learning content applications for infants and toddlers based on the key concept of ‘family value’ and ‘smart organization’ service which recommends customers with customized information by analyzing big data such as childbirth, infant care and shelter, shopping information.

Famy, a family locator application, is a mobile service for private groups with location information share and group messenger.
Why is it in the list?: Currently, Famy is localized for 10 major languages and used in more than 130 countries, with a great growth rate in South Korea, Taiwan, Japan and China.

Bench soft

What is it?: Mobile accessory development company, Bench Soft has made a charging cable which enables charging at 2X speed.
Why is it in the list?: The product and the team of specialized engineers in audio DSP, 2.4 GhZ wireless technology, mobile applications, battery operations.

Ilias Project (by Puzlook)

What is it?: It is an optical lens case for smartphone which doesn’t need any clips, magnets or detachable covers.
Why is it in the list?: The product is designed based on portability, convenience, simplicity and fun. They also won CES 2014 Innovation Design and Engineering awards.

Gaming mobile applications is big in South Korea, so is IOT. Want to know what else is picking up in Korea? Check out this space for a detailed perspective on Korean technology and innovation trends.

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Creativity and entrepreneurship: 30 inspiring quotes on innovation

10/28/2014 11:07:00 am TECHNOLOGY No comments

Creativity and entrepreneurship: 30 inspiring quotes on innovation

My travels this week took me to the amazing six-day Creative Bangkok 2014 series of workshops, part of a creative activity held in Canada, Spain and Thailand. The participants included a broad mix of entrepreneurs, designers, consultants, educators, scholars, artistic directors, bankers, techies, authors, architects and other knowledge practitioners. Here is my pick of 30 inspiring quotes and practical tips on the power of ideas, creativity, design, innovation and entrepreneurship!
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“Creativity = Differ + Deliver + Delight.” – Aaron Palileo, Bootleg Innovation Design
“Innovation = Inspiration + Perspiration + Perseverance.” – Juan Roman, NASA
“Platform thinking = Software design + Market design + Agility.” – Thierry Isckia, Telecom Business School
“Being imaginative is having ideas; being creative is converting ideas into production.” – Amornrat Pratoomma, P-PAC
“Creativity is the root of entrepreneurship.” – Karndee Leopairote, Thammasat University
“Creativity is not just a skill but an attitude – a rebellious desire to be different.” - Chaipranin Visudhipol, TBWA
“Ideas are at the core of the modern economy.” – Patrick Cohendet, Mosaic HEC Montreal
“The past and the future are shaped by us, keep yourself open for the power of possibility. – Duangrit Bunnag
“Be brave and be open to challenges.” – Justin Farren, Ubisoft
“Questions are both the most powerful and most under-utilised tools for creativity and intellectual activity.” – Peter Cauwelier, Bangkok University
“You contribute to the world by making meaningful things, not just new things.” – Cees DeBont, HongKong Polytechnic University
“Asia is the best place in the world to be for creativity.” – Fredrik Härén, Author, ‘The Idea Book’
“Food is about mood, not just nutrition or filling yourself up.” – Willy Daurade, Le Cordon Bleu Dusit Culinary School
“A good bartender even designs good bartops!” – Joseph Boroski, Sip Slowly
“If you are a knowledge holder, please become a knowledge giver.” – Francis Gosselin, F&Co.
“Culture is an outcome of the behaviourial interactions in your environment.” – Arthur Shelley, Author, ‘The Organizational Zoo’
“Managers need adaptability, curiosity, courage and transformational leadership to succeed in the global economy.” – Brigitte Carbonneau, Cirque du Soleil
“Companies need to connect their Operational Cycle to the Innovation Cycle.” – Vincent Ribiere, IKI-SEA, Bangkok
“We can’t operate in set conventions and expect breakthrough results” – Jean- Marie Dru
“Effective design is a combination of innovation, integrity, co-creation and hassle-free offerings for customers.” – Anuvat Chalermchai, COTTO
“Visualisation, testing and prototyping help transfer patterns across categories of domains.” – Eggarat Wongcharit, Craft Factor
“To measure success, look at metrics beyond just online traffic.” – Olivier Dombey, Digital Innovation Asia
“The designer is an organiser with an aesthetic sense.” – Bruno Munari
“Take No as a question.” – Mechai Viravaidya, Mechai Viravaidya Foundation
“Stories curate experiences.” – Keith Than, Creative Nexus Group
“Science is global, but solution is local.” – Ellen Kullman, Dupont
“Shift your frame of reference. Realise that all you see around you, the reality we perceive, is a small stage upon which you act, and within it is an inner spaciousness that is infinite. Let’s now explore the infinite.” – Alex Bennet, Mountain Quest Institute
“We are not just in the creative economy, but in the re-creative economy. Are you a creator or a re-creator?” – Patrick Cohendet, Mosaic HEC Montreal
“Today is a new day. Today there are 150,000 more people in the world than yesterday.” – Somchai Laohverapanich, Dupont Thailand
“The primary characteristic of an entrepreneur of the future should be a deep sense of responsibility to humanity.” – Nadim Salhani, Mudman

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Five lessons entrepreneurs can learn from Mark Zuckerberg’s latest stunt

10/28/2014 11:02:00 am TECHNOLOGY No comments

Five lessons entrepreneurs can learn from Mark Zuckerberg’s latest stunt

On 22^nd October Mark Zuckerberg was at Beijing’s Tsinghua University for his first ever public Q&A. The audience, full of students, were visibly excited at this opportunity. But something even more wonderful awaited them.

Once the interviewer was done officially introducing him, Zuckerberg greeted the crowd in Mandarin- a gesture that drew polite applause from the crowd. But when he continued speaking in Mandarin for the entire 30 minute interview the audience, and subsequently the internet, went wild. Never mind that the ratings of his grasp on Mandarin ranged from ‘terrible’ to ‘mediocre’. Zuckerberg’s charming self-deprecation as he trudged on in broken Mandarin and his jokes, which everyone is going crazy over even though we can’t understand them, won the day.
https://www.youtube.com/watch?v=n_168pH9GJk
If you are having trouble digesting such a reaction think how an Indian audience would react if Zuckerberg, or any other western icon, spoke in Hindi for the entire length of an interview. Any prediction of euphoric uproar would be an understatement. In honour of this lovely feat YourStory compiles a list of five lessons any entrepreneur, aspiring and otherwise, can learn from the founder of Facebook.
5. Don’t plateau:

Image source

Two commonly reiterated dreams of the twenty first century working professional are either to make a fortune while you are young and then retire to a paradise island and live out your days in a haze of fun or invent something crazy successful and be celebrated as an overnight success. Zuckerberg has the funds to do the former and is obviously the latter.
Plateauing comes when after a steep bout of successes individuals comfortably settle into reaping the benefits of those. It is the single plane of existence, albeit high up the corporate ladder, where life is cocooned, sheltered and privileged. Chances are nothing is going to top the founding of Facebook. Instead of settling in to enjoy ten lifetime’s worth of rewards, Zuckerberg showed us what made him a fantastic innovator in the first place. He placed prime emphasis on human accomplishment.
4. Challenge yourself:
Mandarin is consistently placed first on the list of the toughest languages to learn in the world. New languages are best learnt as toddlers, ten year olds or maximum teenagers. Adults have notoriously high number of cognitive disadvantages when it comes to mastering a new language- any language. It is easy to imagine how incredibly difficult it was to learn the world’s arguably most difficult language for the thirty year old Zuckerberg. In fact he took it up because, ‘Chinese is hard and he loves challenges.’
What’s stopping you from training for that ten mile marathon or mastering Italian cuisine? If lack of time is a favoured complaint then know that you got nothing on a billionaire CEO.
3. Love your (extended) family:
Zuckerberg’s personal reason for wanting to learn Mandarin, according to Quartz, is so he could speak to his grandmother-in-law in her native language (his wife Priscilla Chan is of Chinese-Vietnamese descent). How endearing is that?

Zuckerberg with wife Priscilla Chan

Chasing success is all well and good but it means nothing if, at the end of the day, you have no one to share it with. It is this sentiment that separates the successful entrepreneurs from the happy ones. Look at what gives your life meaning and makes it worth living. Devote the time and energy it deserves. Like Maya Angelou said, “I sustain myself with the love of family.”
2. Difficult problems demand innovative solutions:
Zuckerberg’s intentions in learning Mandarin weren’t entirely rooted in family love and a fondness for challenges. He has been working since 2009 to get Facebook unblocked in China, a country known for its strict internet censorship regime. Though Facebook has been involved with helping Chinese companies grow abroad- using Facebook ads to find more customers- landing a foothold with the country’s two billion strong populace has been nearly impossible. Needless to say securing this foothold would be financially extremely lucrative for the social networking site.
Business writer Rob Schmitz wrote, “In the world of business, if you’re going to stand any chance with the Chinese, you have to show that you’re willing to invest in Chinese culture and Chinese language.” When years of boardroom strategizing and diplomatic negotiating did not yield worthwhile results, this single act of respect for another’s culture won over the Chinese public for Zuckerberg.
1. Sustain that success:
One of the most important nuggets of information from the interview that did not get lost in translation was Zuckerberg’s plan for the future. “Facebook is 10 years old this year. So if I ask 10 years from now, what should we develop? I decided we should develop three things. First, we need to connect the entire world. We need everybody to use the internet. Second, we want to develop (in English) artificial intelligence. I think 10 years from now computers will be better than humans at reading, listening, talking, and other things. So we are developing this. Third, when everyone is using mobile phones, I believe the next platform will be (in English) virtual reality. Oculus is the first product, but we hope there will be many products. Those three things.”
When Facebook hit the horizon a decade ago, few could have prophesied how crucial a global voice it would rise to become. While the past may have been serendipity for Zuckerberg, he is clearly building on that for an equally game changing future. With bold new social networking sites hitting the scenes every day (hello Ello), many studies have questioned Facebook’s relevance in the increasingly hyper digital world we inhabit.
Facebook’s future may be uncertain, but Zuckerberg’s certainly is not. He is looking to change the world. Yet again, going by the advice he doled out to entrepreneurs, “I feel that the best companies are started not because the founder wanted a company but because the founder wanted to change the world…. If you decide you want to found a company you maybe start to develop your first idea. And hire lots of workers. But you maybe have lots of ideas and you don’t know which one is best. If the first idea isn’t good, then your company isn’t good. But if you decide to change the world you should try to develop more ideas. If any idea is very good later you found the company.”
You can watch the interview here in full.

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How does a startup life look like from the perspective of an entrepreneur’s better half?

10/28/2014 11:00:00 am TECHNOLOGY No comments

How does a startup life look like from the perspective of an entrepreneur’s better half?

Editor’s note: An entrepreneur’s life is not easy. It is a long grinding journey full of turmoil. Personal relationships often take a bashing and it is important to have an understanding partner to keep the boat sailing. Here is a perspective of a entrepreneur’s better half on the whole situation. Names have not been disclosed on request and the post works both ways.

An entrepreneur would never ask his or her other half before starting of a new journey after reaching a goal. He (or she) would wake up with an idea in his mind or it would come to him at any given point of time. With that moment, he starts on this journey of following the (new) call. As a life partner, you are not involved most of the times in this sparking moments and you don’t usually have a say. That would be against the nature of a free-spirited entrepreneur. Ideas come at any given point of time and no one would know which idea would be followed next. Often, without even knowing, you would find yourself in the first steps of the journey and then realize. When it is revealed, your intuition most of the times would have already told you. In the end, you know him better than he knows himself.
Once the next step is clear, he automatically starts the engine that is required to get on the road to make this ‘one thing’ happen. You would see the person nights over nights thinking, making notes, calling people, running into endless rounds of discussions in coffee shops around the city. Joining meet-ups of every form to figure out the right people who can contribute or support him on this journey.
If a relationship wasn’t already hard work, then you have no idea of the chaos that you get into with an entrepreneur. He’s always on the go, always in the hurry to finish a task, to do one more call, answer one more email.
There are times when he won’t talk, his mind and attention would be so fully occupied that he would hardly notice anything else. He would not switch off the laptop in the night and run out without breakfast as the next meeting is already waiting for him. When starting a company, there is a lot that needs to be paid attention to. You would have had no idea unless you’ve been on that journey alongside. You even start picking up tasks in case your background allows you to help. It’s some times nice to have experience in a different field, it brings a new perspective. Through living with him (or her), you start breathing his ideas too and you will develop a valid opinion too. Anyways, you’ll end up falling in love with the idea and will make them your own. The journey becomes yours in a very different way. You’ll learn more about life and yourself than you could have imagined before.
He will use long weekends to finish pending tasks, while you may want to have a long drive holding hands and dreaming in the middle of nowhere. You’ll have to show understanding on each and every level and I mean every – business, friends, family, team, investors and the person. He won’t ask you to pick up this task, nor he would go without you, it’s just that his mind is always working on something else. There are times when your patience will be stretched beyond limits without the other person even recognising it. The only advice I can give you, go on with your life and your love. The other person won’t know it maybe during the journey or in specific moments, but he or she needs your support. No matter how many people praise their efforts and no matter who gives them a kudos for the idea, it’s always your support that means the most. You’re the one who reminds him of his overall goal.
And if we were to talk about qualities, you’ve to learn to listen more than you talk. Because he or she is the one who will keep talking, improving presentation skills, talking out loud all the ideas, brainstorming, repeating meetings minutes and to do list, listing out all the hiring challenges and client queries.
I could go on and on… In the end one thing is for sure, all entrepreneurs are workaholics and they stay it throughout their lives. They work so much that it doesn’t feel like work. It feels like who they are and what they do. They feel alive when they work. If you don’t buy into that part your life together won’t end up very happy. But what you can do and have to do, because s/he won’t see it, is to help understand that life doesn’t only happen in front of the laptop or when you check another ‘to do’ off the list. There are moments that will give him strength that won’t happen in his office. You remind him that it’s great to have goals, but they are the details. Your vision is the ultimate dream and you help him keep dreaming. Always keep dreaming together.
All said and done, the entrepreneurial journey works out better with you on board. S/he needs a net under him, (believe me they will find it out or he knows it already) and perhaps the only one who can ever provide that is a wife.

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When should a B2B company start with Sales and Marketing a new product?

10/28/2014 10:56:00 am TECHNOLOGY No comments

When should a B2B company start with Sales and Marketing a new product?

This article is a follow up on the previous article about when and how to scale a B2B enterprise internationally?
Software startups are mostly started by Engineering Folks! There I said it. I can see hands raising.
Iteratively the product gets into shape and you start wondering “When should I start thinking about Sales and Marketing?”. Well my friend, if this is where you are then you are already a little late.

At the conceptualization stage itself some work needs to go around the segment to who you would like to sell to, and how you will sell in that segment. I know you believe that your product can fit in multiple scenarios, it’s a game changer, it’s a platform on which everything else would be built… “Hold On!” By thinking of so many things at the same time, chances of getting one right is miniscule.
Lets take an example, Assume you have designed a CRM which makes sense

[They really don’t]. Now instead of saying I have a CRM, lets focus on one process; say sales. Good, can we further classify it into B2B Sales / B2C sales and even further trim it down to the industry vertical(s).
With this you will be able to think about real problems in that domain, rather than just creating another CRM. This thought pertains to product management, but we will get there some other day.
So the marketing has to kick in and figure out in the segment of choice the channels to reach that market. Channels could be:

Online Try and Buy
Inside-Sales / Field Sales combination
Channel partners
Riding an existing ecosystem (Like SFDC)

Once you have figured out the channels that you would like to explore, the teams that you need to build becomes clearer. It also becomes important at this stage to estimate what would be CAC (Cost of acquisition) of your customer of each channel. Rough estimates would do. Once you have made these estimates, this becomes your business model and now you just need to keep working on your model to prove that it works.
The day this can be proven, you can scale.
So Marketing kicks in the day you started thinking ‘product’, what about Sales? If in the founding team you do not have someone with sales experience [Our team at Drishti was like that], then I would advise you to have an early member who can contribute to both sales and marketing and can be a long term member. Of-course you being the founder would need to be selling for a long time (It never stops), but a formal Sales experience is very very valuable.
So once your product comes to a stage where you have early adopters you should hire sales teams to validate your model. At this stage fail fast is good to do quick experiments and; just make sure that your model is getting validated.
One of my recent learnings has been around Content. It is extremely important to get a content team in place if you plan to sell online. The old school SEO PPC just doesn’t cut it. An experiment I conducted on LinkedIn sponsored content worth 24 dollars was on same blog content but with two different titles:
A. Outbound Sales | Dial More to Sell more? | Intelligent Recycle strategies
Vs
B. Retry strategies for your b2c predictive-dialer campaign
A got 2 hits from about 100 impressions and B 0 hits from 1300 impressions! It took me two days to get to the title A.
So, in conclusion if you can get a Sales Marketing Specialist in your choice of Channels, get him/her on board the day you can find one. It will tremendously reduce your revenue cycle. If the funds become a constraint, then do your segmentation first, get your early adopters and immediately start experimenting with your channels, build quick experiments (outsourcing helps) and validate your model. The day your model is validated, hire the best Sales person on the planet for your choice of channel. Raise money if you need to, but don’t stay in the loop of selling yourself for very long. You would not scale that way.
Happy Hunting!

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The LimeRoad Story – What it takes to build India’s largest discovery platform for style

10/28/2014 10:55:00 am TECHNOLOGY No comments

The LimeRoad Story – What it takes to build India’s largest discovery platform for style

LimeRoad.com is a women-only, managed marketplace with a zero inventory model, showcasing over 750 big & small brands and 25,00,000+ user generated fashion looks. At present, 20% of the world’s lifestyle products are manufactured in India, and LimeRoad is on a mission to conquer this market by making its discovery easy by a socially-architected approach.
LimeRoad is making a mark in the social commerce space in India and it has been a journey full of excitement, hard work and conviction. In a deep dive YourStory’s fireside chat with the Suchi and Avnish, let’s find out what it takes to build India’s largest discovery platform for style and what can we learn from the experiences of this founder-investor duo.
Suchi Mukherjee, Founder & CEO, LimeRoad, says “we are revolutionizing the way lifestyle products are discovered and ultimately bought online in India and are delighted to work with investor partners who share our hunger for winning and are supporters of our disruptive model to get there.” With a strong base in technology led by Prashant Malik, Co-founder & CTO and a mobile driven strategy, LimeRoad constantly strives to deliver a highly differentiated experience to its customers.
Matrix Partners India was one of the first institutional investors in the company and also participated in the Series B funding of LimeRoad. Avnish Bajaj, co–founder and Managing Director of Matrix Partners India, says, “LimeRoad is leading the social commerce revolution in India with a focus on winning the two biggest drivers of future online commerce marketplaces-women and mobile. Suchi and Prashant have an exciting vision for the future of this platform and we are privileged to be partners in this journey.”
YS-event

About Suchi Mukherjee
Suchi Mukherjee is the founder and CEO of LimeRoad, India’s largest online discovery platform for women. The company recently raised its series B funding of $15 million, led by Tiger Global, and with the second time funding by Matrix Partners and LightSpeed Venture Partners. Previously, Suchi Mukherjee was a part of the early E-bay UK team, on the executive board of Skype, and the Managing Director/CEO of Gumtree. She is Cambridge Commonwealth Scholar from Cambrige University, a British Chevening Scholar from London School of Economics and a graduate from St. Stephens, New Delhi. With nearly 18 years of experience in the top management of leading consumer technology businesses, Suchi launched LimeRoad in October 2012 with a vision of creating the largest womens-only marketplace in South East Asia.
About Avnish Bajaj
Avnish Bajaj is the co–founder and Managing Director of Matrix Partners India, which is an investment firm with INR 3000 cr under management. Matrix India invests across early and growth stages of businesses in select sectors – Internet & Mobile, Healthcare, Financial Services, Education and Consumer Products & Services. Previously Avnish was the co–founder, Chairman and CEO of India’s Largest Online Marketplace – Baazee.com – which was acquired by eBay. eBay India today is the largest eCommerce Marketplace in India. He is a Baker Scholar from Harvard Business School, WARF Fellow from University of Wisconsin–Madison and a Computer Science graduate from the Indian Institute of Technology, Kanpur.

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How starting up in 80s wasn’t the same as today, Nandan Nilekani shares his thoughts

10/28/2014 10:51:00 am TECHNOLOGY No comments

How starting up in 80s wasn’t the same as today, Nandan Nilekani shares his thoughts

Starting up in the 80′s was a different cup of tea from starting up today, as Nandan Nilekani will tell you. Infosys, the company he co-founded was born around ten years before the economic reforms began. At TechSparks grand finale, Nandan spoke about this very difference.

It was the first time that middle class people with no money were starting a company. Everybody told us not to start a company. my parents, my teachers my uncles, they said, ‘you are crazy to start a company, go and join some large corporation’.

Nandan Nilekani

Today it is time for 100′s of global companies from India, Nandan emphasized in his talk. There is an street in HSR layout (a Bangalore suburb) which is almost entirely filled with startups. He observed, drawing parallels with entrepreneurship scene in 1980′s.

We did not really celebrate entrepreneurship. It was all about large companies and multinationals and not about startups. doing business was very difficult, getting a phone took two years. we couldn’t travel abroad without asking permission from the reserve bank of India. There was a time when I had to make two quick visits to the New York for business, and some clerk in RBI said, ‘why are you going to the US so often ‘. That was the kind of India we were in those days, yet we are able to break out of that. The break happened in the early 1990′s when economic liberalization happened.

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Amazon’s new streaming device ‘Fire TV Stick’ to take on Google’s Chromecast

10/28/2014 10:50:00 am TECHNOLOGY No comments

Amazon’s new streaming device ‘Fire TV Stick’ to take on Google’s Chromecast

Last week you might have heard that Amazon has pulled the plug on its Fire Phone — after quarters of disappointing performance. But that dosen’t seems to deter Bezos and team from getting their hands dirty with a hardware play. Today Amazon has debuted yet another product called Fire TV Stick to directly compete with the likes of Chromecast, RokuPlayer and the Matchstick that was developed on Mozilla’s open-source Firefox OS.
Here are the specs of the device. So on paper, the Fire TV Stick has plenty of bells and whistles to make it competitive in a market that is dominated by Chrome and RokuPlayer till date.
Fire TV Stick is a very ambitious attempt and bet on streaming media delivery. Will the consumers vote it with the money in their wallet is something; we need to wait and see! Amazon is launching Fire TV Stick just in time for the holiday shopping season.
In addition it also provides a voice search via a remote control that a user need to buy separately.
“Fire TV Stick is the most powerful streaming media stick available—a dual-core processor, 1 GB of RAM, 8 GB of storage, dual-band and dual-antenna Wi-Fi, included remote control, voice search with our free mobile app, easy set-up, an open ecosystem, and exclusive features like ASAP for instant streaming,” said Jeff Bezos, Amazon.com Founder and CEO. “The team has packed an unbelievable amount of power and selection into an incredible price point—Fire TV Stick is just $39.”

Amazon is providing SDK for developers to submit apps for Fire TV stick
Amazon has positioned their product as a competitor of Chromecast, but in reality the Amazon stick is more of a competitor to their own Fire TV and Apple TV, because it not merely about just casting media from your android phone.
Price wise Fire TV stick higher by $10, where as Chromecast is $35, while it’s still cheaper than RokuPlay ($50). Amazon said the Fire TV Stick will ship on Nov. 19. Those of you have got relatives with Prime Membership will get it cheaper as Amazon is offering a temporary $20 discount. Currently Fire TV Stick is available to US customers.

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Millicom backed Think Rwanda to accelerate four African startups in November 2014

10/28/2014 10:48:00 am TECHNOLOGY No comments

Millicom backed Think Rwanda to accelerate four African startups in November 2014

Think Rwanda, Millicom’s Tigo backed tech startup incubator in Kigali, was established in early 2014 to support tech startups that are poised to create digital solutions for Africa.
“Rwanda is a great place to do business. We know it has some extraordinary local talent whose skills and ingenuity we want to support. We are looking to driving the digital revolution with talented youth in all our Tigo operations in Africa,” said Hans-Holger Albrecht, CEO of Millicom Celular, at the launch of the Think Rwanda incubator.
10 startups were competing, and the below four made it to the final.

Beliaa team from Egypt

Beliaa.com
Beliaa is a mobile car mechanic platform based out of Cairo, Egypt. Founded in 2012 by Amgad Morgan, it got a patent from the IPR office. It aims to prevent the streets of Cairo from traffic jams that are caused when a car breaks down. The platform is integrated with General Department for Traffic in order to generate legitimate authentic traffic updates, and it sends the exact location of the incident to the nearest selected service and rescue centers.
When a car breaks down or is involved in an accident in the middle of the road, people often try to call their friends and family on their phone. Now, there is Beliaa app for that. The app can rescue people at the accident site by providing on-demand and on-time support. The application picks from the GPS users’ exact location and connects it to the nearest road assistant centers (automobile maintenance). It also assists drives to schedule their car maintenance easily in a minute’s time. Beliaa’s users will get discount rate that ranges from 10-15% with authorized car workshops.

Cribpark team from Nigeria

Cribpark.com
Cribpark is an emerging real-estate marketplace based out of Lagos, Nigeria. Founded in 2014 by Dare O. Pius and Oaldapo Ayo, Clibpark aims to be one-stop shop for all housing needs.
Their quest was to provide an average person a platform for local housing content, and a community around that content where professionals in the space will give valuable tips and lessons. It finally brings the commerce of housing products and services around content & community; from products furniture, home appliances to services such as plumbers, painters and house movers.
Usually local content is a problem in most of the frontier markets. Cribpark seems to be solving the problem in their niche market.

PollAfrique team from Ghana

Pollafrique.com
PollAfrique is a research platform being built for Africa based out of Accra, Ghana. Founded in 2014 by Samuel Dzidzornu alma matter of Meltwater Entrepreneurial School of Technology (M.E.S.T.).
PollAfrique allows researchers to target the right audience for the intended research via SMS, Web interface, USSD and IVR. The platform offers a stress-free surveying experience for market researchers by streamlining the challenging processes involved while saving them time and money spent on traditional methods.
What make PollAfrique unique are the speedy response rate and an access to tap in to a wide pool of respondents conveniently. It allows researchers to reach ultra focused targets based on parameter filtering tool that helps to identify unique respondent group suitable for any survey. Respondents are incentivized via airtime or mobile money, thus enchaining participants’ pool in market surveys with minimized statistical noise.

TorQue team from Rwanda

Torque.co.rw
TorQue is a channel management SaaS for telecos and FMCG distributors being built out of Kigali Rwanda. Founded by Jean Niyotwagira in November 2014, it has been incubated in kLab. The startup is experiencing traction with telecommunication and big beverage distributors and poised for hockey stick growth locally and eventually across East Africa.
For businesses it is vital not to hoard so much of unnecessary inventory that doesn’t meet a current demand. That is where TorQue comes in; it minimizes inventory investment while balancing it with having just-enough-inventories to meet the demand. The platform helps SMEs to run like well oiled engine by enabling them to track sales transaction in real time, thus reducing in fraud at various touch points. Another valuable advantage TorQue provides to SMEs is instant reports that help them forecast their sales. Distributors of Airtel Rwanda and MTN are among TorQue clients.
These four selected teams will be cohorts of Think.rw for a six-month accelerator program that is beginning in Kigali, Rwanda, in early November 2014. The trend is very encouraging for the local scene.

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WAGmob has built 400 apps from Indore and now has a B2B product with Google as a customer

10/28/2014 10:47:00 am TECHNOLOGY No comments

WAGmob has built 400 apps from Indore and now has a B2B product with Google as a customer

Kalpit and Kavita Jain are ex-Microsoft employees who started to dabble into the world of mobile in 2010. They initiated WAGmob by building consumer apps in the field of education. Under the simpleNeasyApp banner, WAGmob launched apps like “Learn Andoid Programming”, “Project Management”, “Learn Greek”, etc. The idea was to try if such diverse set of ideas converted into apps had takers and as it turns out, there were. And all these apps are pay-to-use apps.
For instance, the Physics app is an eBook and app platform for learning, teaching and training. The app provides:
- Snack sized chapters for easy learning
- Flashcards to memorize key concepts
- Simple and easy quizzes for self-assessment

Priced at INR 115 currently, the app has more than 5000 downloads. And to make the entire business proposition exciting, there are more than 400 such apps across fields. There are a few apps which are free and a user can probably try them out to get a feel of the product and see if it suits their way of learning. But taking a broadder view, WAGmob has been able to identify the areas where peeople might be looking for help and has built apps around it.
Going B2B
Seeing the traction and gaining experience with learning apps, the co-founding duo started exploring possibilities. A chance meeting with Skip Miller, a Sales Training Guru gave them their Eureka moment and found a direction in the B2B space. They developed a product that was suitable for corporates to train their sales team on mobile. Gosalestrain is the training module which is a social, mobile and connected sales training community. Some advantages in this approach-
1) WAGmob doesn’t have to take the responsibility for content development
2) User acquisition becomes more focused since the focus is only on one particular thing- sales training
3) Scaling becomes more streamlined because once a module is ready for ‘sales’, the similar approach can be taken to expand into other areas
Skip also helped WAGmog get Google as a customer where about 250 sales employees are trained on the mobile platform. Charging $30 per user per month, WAGmob also has Microsoft, Samsung and Sony on their impressive client list. This has given WAGmob a very lucrative angle and their experience with B2C helped them to build something that would work in a B2B environment as well.
The Indore and family connection
WAGmob is unique because although the company is registered in the US, a majority of its 60 member team is based in Indore, India. Talking about the thought process, Kavita tells us, “It makes a lot of sense to have the company based in Indore because the cost of operation is significantly lesser and there is access to talent as well because of IIT, IIM, and other good colleges in the city.” Being away from the public eye has also helped WAGmob to quietly make their way ahead.
Another interesting aspect about WAGmob is that the entire family is involved in building the startup. Kavita, Kalpit and their son, all three are fully involved in the startup. They have bootstrapped till now and have been profitable but are looking to raise funds to scale up their sales and marketing team. WAGmob also showcased at the TechSparks 2014 (see all 30 companies) and is one of the promising technology companies being built from India.

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