At a panel discussion on the second day of the India Mobile Congress (IMC) on Tuesday (October 15), top executives from the telecom industry stressed on the importance of data localisation and security in relation to the Indian government’s plans on the matter. While Facebook and Amazon have called for clarity over the proposed data rules which they believe would stifle investment in India, Indian companies such as Reliance Jio have backed the government’s plans, as stated in a recent report. Jio president Mathew Oommen stressed upon the localisation of data, backing Reliance Industries Chairman Mukesh Ambani who voiced a similar opinion at the company’s annual general meeting earlier this year.
They are characterised by millions of SMEs with the low capability to efficiently manage their cash flows, credit, necessary compliances and business documentation – all of which are required for them to access capital and maintain financial health to aid in their growth. Neobanks address multiple related needs of customers like centralising their cash flow, enable various banking activities and offer tailor-made products at a single instance, which also helps SMEs in creating a digitised credit history. This interplay creates a classic demand & supply side mismatch leading to low bank credit off-take, reliance on informal loans and very often trigger a vicious cycle.
Moreover, to promote the concept of the cashless economy to the last mile, the government has launched initiatives like — financial support to eligible banks for deployment of POS devices in villages, Rupay Kisan Cards etc. In a letter to the US government, Mastercard complained that PM Modi’s promotion of domestic card network Rupay is hurting foreign payment companies. The letter written by the Mastercard’s vice-president for Global Public Policy, Sahra English stated that the prime minister “associated the use of RuPay cards with nationalism, claiming that it serves as a kind of national service.” Earlier, Modi had endorsed the indigenous card payment network, saying that transaction fees from RuPay stay within India and could help build public infrastructures such as roads, schools and hospitals.
Called VC Cohorts, All Raise is for the first time speaking publicly about how these 12-person subgroups will give their members career guidance and, perhaps more importantly, the ability to share deals. “It’s basically like having 12 coffee chats in one evening,” Impact Capital managing partner Heidi Patel, who helps oversee the VC Cohorts program, tells TechCrunch. During the first VC Cohorts meeting, NEA partner Vanessa Larco found an investor to lead the Series B of one of her existing portfolio companies, an Atlanta identity and credential verification startup called Evident.
The handbook also suggests how schools can train their teachers of grades 6 to 10 to relate to the relevant topics from the curriculum with technologies that AI deploys. Meanwhile, the IBM partnership focuses especially on building the implementation on AI circular among postgraduate teachers and students in Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata and Bhubaneswar. According to an Accenture report, the AI sector has the potential to add $957 Bn to India’s GDP and boost annual growth by 1.3% by 2035.
It enables collaboration between startups, investors, incubators, and aspiring entrepreneurs of both countries and provides them with the requisite resources for market entry and global expansion.Speaking about some of the success stories from the initiative, Mr. Endow cited the instance of NIRAMAI Health Analytix, the startup that innovated a breast cancer screening software that uses machine intelligence over thermal images to enable an affordable radiation-free solution for detecting breast abnormalities in women of all age groups. The company aims to develop inexpensive smartphones at around $45 for markets such as Asia and Africa, specialising in users who do not use games or watch videos, and are satisfied with lighter versions of social networking apps, search and other minimal functions. SagriWinners of the SingularityU Japan Global Impact Challenge 2019, Sagri is smart agriculture collaborative platform that empowers farmers to improve their yields and get micro-financing at
Bare Anatomy's Founder and CEO Rohit Chawla, who was also one of the co-founders of The Man Company, a men grooming and essentials brand, said, “When it comes to personal care, personalisation is yet undiscovered! "Today's consumer wants to engage with a brand that appreciates individuality and offers credible products that are suited specifically to meet her needs. Bare Anatomy gains a deep understanding of its customer first and then creates products that suit their preferences, needs and goals," said Manu Chandra, Managing Partner, Sauce.vc.
You need to really bring your end-user to life, it’s showing the impact on people that helps your audience understand why what you are doing matters,” said Michael Copeland, Startup Strategist, Amazon Web Services (AWS) at a recent masterclass for CMOs at TechSparks 2019. You need to step back, do the Nut Graf exercise, and practice it on people who aren’t so technical and who don’t care as much as you do.” Using examples and user success stories is a great way to help them understand better. “Show people the result of your work, and the impact you’ve created – that will resonate with them.”Practice makes storytelling perfectTalking about the best frequency to share content, Michael said that once you commit to it, you need to follow through, be it once a week or a month.