Categories
Startup

Indian Startups Gear Up For T-Angel Program As T-Hub Announces 2nd Batch Of Funding!

Hyderabad-based T-Hub, which is leading India`s pioneering innovation ecosystem has announced the launch of its redesigned funding program- T-Angel. T-Angel will aid the startups funding needs amid the COVID-19 pandemic.

This funding program will be supported by various angel investors who will invest collectively up to INR 50 Lac in each startup that will be qualified for this program.

T-Angel is a 45 –days acceleration program for which around 15-20 startups only with innovative and leading-edge solutions in the various sectors will be shortlisted. The program for the shortlisted chosen startups will then begin in July 2021.

The process of shortlisting startups involves inviting applications after an extensive screening process by a 5-members committee of mentors and investors. The program will emphasize understanding and resolving two pain points of a startup that are the major roadblocks and hindering the chances of raising capital.

A customized framework and plan would be developed for each of the startups with specific interventions. Subject matter experts will also assist the startups to come up with a more refined business plan and an investor pitch deck. The committee will then evaluate the startups and will decide on the investments, which is up to INR 50 lakh for the qualified startups, in three tranches.

According to Ravi Narayan, CEO, T-Hub, “T-Angel’s existence has been tailored to solve the issue of entrepreneurs’ awareness of what the angel investors are looking for. T-Hub believes that there are plenty of investment-ready technology startups, provided they learn the fundamentals from an investor’s perspective.”

Any startup across India can apply to be a part of the program as the applications are opened on 17 June 2021 Thursday. The last day for sending applications is June 30, 2021.

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Webinar

How To Motivate And Engage Employees During COVID-19?

According to a report published in Harvard Business School, when around 600 CEOs were asked what major concerns they have amidst this global pandemic, they replied unanimously- how to keep their employees motivated when their world is crumbling around them.

It is no secret that employees are having a hard time during the COVID-19 pandemic. According to a report published in the Hindu Businessline, “7 in 10 Indian working professionals (70 percent) reported having felt waves of stress during the working week regularly”.

The chaos that the pandemic has created is one part. The real struggle is to juggle multiple responsibilities. Juggling work, monitoring children, and worrying about friends and family`s health has isolated people from a stress-free environment.

Perhaps, this is the time when employees need support from leadership more than ever. Support that is beyond a motivational speech or a company-wide email because when life and business as we know it has turned upside down, some effective and powerful measures are required.

While everything is in bits and pieces, organizations and their leaders must step forward. They have a unique opportunity to deviate from just usual business and step in and look after their team by putting the available resources to good use.

Leaders and seniors must create an environment, in which employees feel seen, heard, supported, and motivated as partners in the company. Happy employees are more productive and positively impact profits.

Be it pandemic or not, employees are the soul of the company and there are multiple ways to support and keep the employees motivated. The best ones are given below:

  1. Recognition & Motivation

Appreciation can make a day, can even change a life. It might sound simple, yet it has the incredible power to motivate employees at work. According to research the primary reason behind employee dissatisfaction is the lack of appreciation or recognition.

When individuals are recognized for their hard work and contribution, it creates a sense of acknowledgment. If your people are doing a commendable job, it is important to recognize it and appreciate them.

Though this practice is essential for all levels of leadership to implement daily, it is crucial for leaders who take responsibility for all employees. Do not just celebrate KPIs, but also mini-milestones to give them a boost of positivity.

  1. Be Approachable & Available

Nobody understands, but being available and accessible to your employees can be a major factor to keep your employees motivated. Your employees must have the confidence to approach you when required. Many large organizations give birth to mistrust and resentment from the mere fact that the seniors are neither visible nor approachable. Opening lines of communication and accessibility can prove vital to the success of the company.

  1. Provide Constructive Feedback

“Good job, well done” is always appreciated. But providing constructive feedback is more important. Telling your team members how their efforts positively impact the department or the company goals can impart a great sense of achievement in them. Highlighting a specific piece of work done wonderfully, regularly, lets your team know that you are paying attention, especially in the work-from-home scenario.

Constructive feedback is as important as praise. The goal should be to keep your employees grow and evolve, and hence timely feedback is crucial.

  1. Create Space for Professional & Personal Development

Personal development of employees is necessary. People join an organization not only for the current role but also for future career opportunities. Around 33% of job seekers say that professional and personal development is the most important factor in accepting a new job. If an organization does not provide its employees better professional opportunities, the top talent walks out the door.

Now when most of the people are working remotely and L&D budgets slashed, managers must encourage employees to create a culture of continuous learning. Always ensure that employees have time and space for personal development.

  1. Set Clear Goals

Are your organizational goals changed in response to COVID-19? Were employee’s daily tasks and goals redefined in response to the pandemic?

We are living in uncertain times. This has caused anxiety and stress in everyone. As a great leader or a manager, it is your responsibility to reduce role ambiguity and stress. Hence, it is important to define clear goals and boundaries when your people are working remotely.

Successful companies are those who not focus on their business, but also their people who are working tirelessly to ensure continuous services. As a leader, one must create an environment where people often feel connected and are highly engaged.

The above-mentioned strategies will not only help you to keep your employees motivated but also result in their productivity and efficiency. You can learn more by taking our ‘Problem Solving Courses’ that are specially created to tackle the unexpected challenges of the business world.

To join our free Webinar on “Motivate And Engage Employees During COVID-19”,

Click herewww.facebook.com/badabusinesspvtltd.

Date & Time:  Sunday 30th May 2021 | 7 PM-8PM

Categories
E-Commerce

India’s Processed Food Products Exports Grow 26.51% During April-February FY 20-21 Despite Challenges Posed by COVID-19 Pandemic

Despite the challenges posed by the COVID-19 pandemic, India’s export of processed food products has witnessed a growth of 26.51%in the Rupee term during April-February (2020-21), compared to the same period during the previous year (2019-20). According to official data by the government, the total value of export of processed products was Rs 43,798 crores during April-February 2021 as per the quick estimates.

The data further informed that major processed food products exported from India include pulses, processed vegetables, processed fruits and juices, groundnuts, guar gum, cereals preparations, milled products, alcoholic beverages, and oil meals. Moreover, the value added products such as processed vegetables, alcoholic beverages, and milled products have witnessed a robust growth of more than 40% in April-Feb (2020-21) compared to same period in the previous fiscal (2019-20).

The export of miscellaneous processed items including Indian snacks, sauces, starch products, vegetable flours, malt products etc and pulses grew by 36% and 33% respectively in the first 11 months of the current financial year (2020-21). Considerable exports growth was achieved for the cereals-based products (18%), processed fruits and juices (12%) and Groundnut (7%). The export of oil meals rose by 96% in current fiscal (April-Feb).

Despite the COVID-19 pandemic disrupted trade around the world, the overall growth of 26.51% achieved in export of processed food products of APEDA scheduled products due to concerted efforts and initiatives taken to facilitate export from India.

According to Dr M Angamuthu, Chairman, APEDA, this trend of increasing exports of processed food products is likely to continue in the next financial year (2021-22).  An increase in demand of Pulses, Processed fruits and vegetables, Milled products, cereals preparations and other processed items is seen especially from Middle East, Far East, USA and UK markets.

For boosting agricultural and processed food products exports, APEDA initiated series of measures including virtual buyer seller meet, product promotion meeting, webinars, creation of products specific export promotion forums, ensuring market access through organizing exports promotion activities, MOUs with key stakeholders, extending financial assistance for exports promotion and promotion of GI products.

Categories
Business motivation

Feeling Low and Demotivated? Here Are 7 Inspiring Quotes by the Most Influential Women Entrepreneurs That Will Boost Your Confidence

The world is changing and modern times are now witnessing more and more women entrepreneurs taking up different types of businesses and succeeding like never before. Women-led businesses are rising beyond all levels and these females are proving themselves worthy of everything with each passing day. The only thing that keeps them going is- not giving up and not settling for anything less.

We are all facing the COVID-19 pandemic and amid the uncertainties all around, these quotes from these great inspirational ladies will truly cheer you up. Inspirational quotes from successful people can help you reframe negative thoughts during tough times and change your attitude for better things in life.

Here are 7 motivating quotes from the most powerful women in history

  1. “There is nothing like a concrete life plan to weigh you down. Because if you always have one eye on some future goal, you stop paying attention to the job at hand, miss opportunities that might arise, and stay fixedly on one path, even when a better, newer course might have opened up.” ― Indra Nooyi
  2. “We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes—understanding that failure is not the opposite of success, it’s part of success.” -Arianna Huffington
  3. “You will be defined not just by what you achieve, but by how you survive.”―Sheryl Sandberg
  4. “I invented my life by taking for granted that everything I did not like would have an opposite, which I would like.” -Coco Chanel
  5. “I don’t believe in failure. It’s not a failure if you enjoyed the process.” -Oprah Winfrey
  6. “If you push through that feeling of being scared, that feeling of taking risk, really amazing things can happen.”- Marissa Mayer
  7. “Growth and comfort do not coexist.” ― Ginni Rometty
  8. “We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding that failure is not the opposite of success, it’s part of success.” ― Arianna Huffington

It has never been easy for women to prove themselves, but they have fought against all odds in the stereotype male-dominated society and made a place for themselves. Females have made important contributions as businesswomen, entrepreneurs, actors, leaders among several other fields.

Categories
Finance

SMBs in India To Benefit As Google Announces Rs 109 Crore for Small and Micro Enterprises in the Country

New Delhi, February 18: With an aim to support small and micro enterprises (SMBs) in India amid the COVID-19 pandemic, tech giant Google on Wednesday said it would give $15 million to Indian SMBs. The amount that has been announced by Google for businesses in India is nearly Rs 109 crore. Reports inform that the investment is part of the $75 million commitment from Google to help small businesses outside of the US. “In India, we will invest $15 million to support small and micro enterprises across the country and are in discussions with local partners,” the company said in a statement.

Google said it is working with non-government partners who have a long track record of providing resources to businesses that are generally overlooked by traditional lenders. When the coronavirus pandemic hit in 2020, Google had announced a $200 million investment fund as part of its more than $800 million commitment to support small businesses. In a statement, Google said it has had a special relationship with small businesses around the world – helping them scale, innovate and reach new customers. “With today’s announcement, we’re proud to help them meet a new challenge — accessing capital needed to recover and build resiliency for the future,” the tech giant said.

In July 2020, Sundar Pichai, the CEO of Google, had announced a ‘Google for India’ digitisation fund through which, the company will invest Rs 75,000 crore or approximately $10 billion over the next five to seven years to help India go digital. During the ‘Google for India’ virtual conference, Pichai had said, “We will do this through a mix of equity investment, partnerships, and an operational infrastructure ecosystem in India. This is a reflection of our confidence in the future of India and its digital economy”.

 

Categories
Business motivation

Ease of Doing Business in India: 4 More States Complete Ease of Business Reforms, Total 12 States Become Eligible To Mobilise Additional Financial Resources

New Delhi, February 7: The total number of states in India that have undertaken ‘Ease of Doing Business’ reforms stipulated by the finance ministry has gone up to 12 with the addition of four more states. On Saturday, four states — Assam, Haryana, Himachal Pradesh and Punjab undertook the ‘Ease of Doing Business’ reforms. With this, these states have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings.

The ease of doing business is an important indicator of the investment friendly business climate in the country. Improvements in the ease of doing business will enable faster future growth of the state economy, a finance ministry statement said.

In India, total 12 states that fall in the list include Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana, Assam, Haryana, Himachal Pradesh and Punjab which was confirmed by the Department for Promotion of Industry and Internal Trade (DPIIT). After completion of reforms facilitating ease of doing business, these twelve states have been granted additional borrowing permission of Rs 28,183 crore.

In May 2020, the government had decided to link grant of additional borrowing permissions to states that undertake the reforms to facilitate ease of doing business. In view of the resource requirement to meet the challenges posed by the COVID-19 pandemic, the Government of had on May 17, 2020 enhanced the borrowing limit of the states by 2 per cent of their GSDP. Half of this special dispensation was linked to undertaking citizen centric reforms by the states.

So far, 17 states have carried out at least one of the four stipulated reforms and have been granted reform linked borrowing permissions. Out of these, 12 states have implemented the “one nation one ration card” system, 12 states have done ease of doing business reforms, 5 states have done local body reforms and 2 states have undertaken power sector reforms. Total reform linked additional borrowing permission issued so far to the states stands at Rs 74,773 crore.

Categories
Startup

Indian Startups Attract $10.14 Billion in Funding Across More Than 1,200 Deals in 2020 Despite COVID-19 Crisis: Report

New Delhi, January 27: Despite the COVID-19 crisis, Indian startups, which were largely impacted due to the pandemic, are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020. According to a report by consulting firm HexGn, even though the total investment received in 2020 is lower than that of 2019 (USD 14.5 billion), the number of deals were higher by 20 percent. “Weathering negative sentiment, seed stage investment deals grew by 50 per cent from USD 353 million over 420 deals in 2019 to USD 372 million over 672 deals in 2020. This is a good sign for people looking to plunge into startups, as early-stage investors are now keen to back risk-takers early on,” the report noted. The report said that this can be attributed to the work done by Invest India, Startup India, AgNii and other agencies of the Indian government to boost investor confidence and entrepreneurial culture.

The HexGn report added that this is the third year in a row that India has kept its number four position globally after the US, China and the UK. A report by IANS states that globally, startups raised over USD 308 billion in funding, with the US garnering USD 165 billion. The report said Bengaluru, Delhi NCR and Mumbai accounted for 90 per cent of the startup investments in the country, signalling concentration of angel investors and appetite in these regions. Bengaluru led with USD 4.3 billion in startup investments, followed by Delhi NCR (USD 3 billion) and Mumbai (USD 2 billion).

The study revealed that in terms of sectors, e-commerce attracted the highest investment with USD 3 billion, followed by fintech at USD 2.37 billion and edtech at USD 1.52 billion. The biggest gainer has been the edtech segment that grew four times this year from USD 380 million in 2019. However, sectors like transportation and logistics, and travel and tourism saw more than 90 per cent drop in investments in 2020 as compared to 2019, it added.

In 2020, the startups that attracted maximum funding include Zomato (USD 1.02 billion), Byju”s (USD 922 million), Phonepe (USD 807 million), Unacademy (USD 260 million) and Ecom Express (USD 250 million), as per the HexGn report. These numbers do not include funds raised by Jio Platforms (Rs 1.52 lakh crore) in 2020. The report noted that these numbers are early guidance and there could be changes as more companies make announcements on funds received.

Categories
Startup

Tech Startups in India Report Nearly 10% Growth in 2020 Despite COVID-19 Pandemic, Over 1,600 Tech Startups Added in a Year: Nasscom

New Delhi, January 8: Tech startups in India have witnessed a steady growth in 2020 with over 1,600 tech start-ups and a record number of 12 additional unicorns added in a single year. i.e. in 2020. This is the highest ever in a single calendar year. The tech start-up base in the country witnessed a steady growth at a scale of 8-10 per cent (year-on-year), Nasscom said. According to the annual report by Nasscom in partnership with a global management and strategy consulting firm Zinnov, nearly 14 percent of total investments in 2020 were in deep-tech start-ups, up from 11 per cent in 2019. The report said that further, 87 percent of all deep-tech investments were in AI/ML start-ups and seed-stage funding in 2020 recovered to more than 90 percent of 2019 levels.

Debjani Ghosh, President, Nasscom said with the continued addition of new start-ups, booming unicorns and increased adoption of deep-tech, the ecosystem shows an even more promising future. The report informed that despite a lower number of total start-up deals in 2020, seed-stage investments are recovering at a good pace as investor activity at lower ticket sizes has increased.  “Early and Late-stage investments are also recovering steadily. An increase in median deal size is further underscoring investor confidence and a willingness to take big bets,” the report added.

The Nasscom annual report further added saying that the sectors with COVID-19 tailwinds such as EdTech, BFSI, AgriTech, Gaming, etc., are witnessing a steady increase in first time funding, up from 29 percent in 2019 to 42 percent in 2020, garnering a 14 percent growth in absolute numbers. It added that the investor sentiment is also recovering with the second half of 2020 funding up by two times over the first half. “2021 will be the ‘Decade of Collaboration’ where entrepreneurs engaging more with not just their peers but also with the government, corporates, and the manufacturing ecosystem, will catapult India’s dreams of becoming a trillion-dollar economy,” said Pari Natarajan, CEO, Zinnov.

The report said 2021 promises a return to normalcy for the Indian tech start-up ecosystem. In terms of total unicorns, India is on track to have a 50-plus strong Unicorn club in 2021. Remote working continues to see significant adoption amongst tech start-ups, with around 30-35 percent offering remote roles and 15-20 percent companies having committed to remote work culture, as per NASSCOM tech start-up survey. “Deep-tech and new start-up hubs will continue to grow at 40-45 percent CAGR. While the investments in 2020 were significantly lower than in 2019, recovery in deal pace and investments is expected to return to 2019 levels, if not exceed in 2021,” the report noted.

Categories
Startup

Home Business Ideas: 4 Brilliant Work From Home Ideas That You Should Consider Taking Up

At a time when the world is battling the coronavirus pandemic, people have been forced to work from hone than ever. Whiles some are working remotely, some have started their own small businesses amid the crisis. Staying productive and maintaining a balance between professional and personal life is the only way out to survive the crisis. Amid the crisis, employers are encouraging or requiring people to work from home for an indeterminate amount of time. If you are planning to start a home-based business, you need to first understand what interests you and what you are good at!

Remember, a business will survive if there is a need of your product in the market. The struggle comes when you have to create a demand for your product, which takes a great deal of time, efforts and funding. Of course, there are pros and cons to consider when deciding whether a home-based business is right for you. If you’re new to the work-from-home lifestyle, you will have to change some of your routine habits to make working from home a success.

Buy products in bulk to sell

If you want to start with a small business, this hack can work wonders! Amid the pandemic and COVID-19 restrictions, people avoid venturing out to buy things. If you have good contacts, you can buy products in bulk and sell them in your circle, neighbourhood and among your pals. These products can be really simple ones, like cups, mugs, coasters or maybe other daily essential items. Maybe you know of some unique products that aren’t readily available in your market despite a demand for them.

Sell homemade products

Be your own boss and sell what you make. There is no other joy that creating something of your own and selling your own handmade products. If you are the maker yourself, you can consider turning your hobby into a business. If you like making candles, cushion covers, curtains, dresses, or anything else, you can create your products and make it commercial. You can also sell gift baskets, handmade jewellery, sweets, homemade cookies, personalized gifts, etc. The only thing you should focus on is to promote and make it reach large audience via social media. As home business idea, there are plenty of opportunities for designers to create and sell their own clothing from home.

Baker

If you enjoy cooking, especially baking, and you can spend a great deal of time baking in order to create enough goods to sell, taking up baking as a profession is meant for you! It is rewarding which fetches you decent income. With too much competition in the market, it is tough to stand out in the crowd. To take up baking business, buy some equipment and set up a commercial kitchen at home. You can sell your products to local shops or businesses or sell products online. Read up on regulations to be compliant!

Freelance Writer

If you are fond of writing and can play with words, it has huge potential to be one of the most profitable business ideas. Freelance writing is the perfect job for people planning to set up their own blog or digital content firm. You don’t need any formal training to become a freelance writer.

Categories
Startup

Startups in India Bagged $9.3Bn Investments in 2020 Despite COVID-19 Challenges: Report

Amid the COVID-19 pandemic in India, the startups have been hit hard but have managed to emerge successful in attracting investments this year. According to data from consultancy firm Tracxn, Indian startups received investments to the tune of $9.3 billion in 2020 despite the coronavirus challenges. The report reveals that fortunes for the Indian startups turned significantly in the second half of the year. The study reveals that startups raised just $4.2 billion in the first half of the year from about 461 deals while the year saw 11 Indian startups including RazorPay, Glance and Unacademy becoming a unicorn.

According to a report by IANS, the figure is much lower than the record $14.5 billion raised by Indian startups last year as the number of deals this year reached 1,088 from 1,185 last year, TechCrunch reported on Monday. Reports inform that there were 20 funding rounds with dealsize $100 million or larger in 2020 compared to 26 in 2019. Similarly, rounds with dealsize $50 million to $100 million fell to 13 in 2020 from 27 last year. Moreover, the figures exclude the funds rasied by Jio Platforms, which alone bagged over $20 billion investments this year.

The Tracxn report further adds that global technology giants like Google, Microsoft and Facebook wrote checks for Indian startups, while Chinese giants such as Alibaba and Tencent made fewer investments amid border tensions with India.