Connect with us

Latest News

Tapaswi Group Launches Billennium Angels Diva Fund, A Women Centric Organisation

Smruthi Kishore

Published

on

Tapaswi Group Launches Billennium Angels Diva Fund, A Women Centric Organisation, Startup Stories, Inspiring Startup Stories, Startup Companies for Women, women centric startups, Latest News on Bollywood actress Shilpa Shetty, upcoming Startups Investors Summit, Shilpa Shetty soft launched Billennium Angels Diva Fund, Billennium Divas Angel Fund, Tapaswi Group and Navi Mumbai Angel Network

Mumbai based Tapaswi Group Ventures, announced the launch of the Billennium Divas Angel Fund, in collaboration with Navi Mumbai Angel Network (NAMAN.) Dedicated to women entrepreneurs and women centric startups, this Fund was soft launched by Bollywood actress, Shilpa Shetty Kundra, at the FICCI, “Road To GES.”

The Billennium Divas Angel Fund aims at encouraging and motivating women in all areas of work, primarily focusing on those who have founded their own startups. As a part of the launch, the Tapwasi Group announced their upcoming Startups Investors Summit, 2017.

As a part of the Summit, the group works at bringing together over 100 speakers, 500 + investors and up to 1000 startups from across the Globe. One of the main aims of the Summit is to increase the number of startup investors. Also, through the Summit, the Group works at increasing the startup culture in the country.

So far, the Indian startups were able to close more than 700 deals, with about 53% of the revenue going into two major ecommerce platforms, Flipkart and Amazon. Even though the numbers are promising, there are still over 60,000 startups which do not have access to a platform.

Tapaswi Group realized this gap and decided if ever, the time to make a change was now. Through the Summit, the group plans on expanding their reach to the 48% of women who do not have access to the facilities women from the cities do.

With the Billennium Divas Angel Fund, Tapaswi Group and Navi Mumbai Angel Network are looking to not only promote female entrepreneurship in Maharashtra but are ultimately aiming to uplift women in urban as well as rural areas across the State.

Commenting on the development, Tapaswi Patel, Chairman and MD of Tapaswi Group Ventures, said, “A staggering 100 million businesses are launched annually, according to figures from GEM Global Report (Global Entrepreneurship Monitor) – approximately 3 businesses every second or 11000 per hour. And of those “employer businesses”, about 60% are bootstrapped or funded by the founder; 30% are funded by friends and family and 10% are funded by angels. With regard to this 10%, in the US alone, there are more than 320K angels, while India has just over 3000 active angels.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

No Work Between 6 PM – 8 AM At Amazon India

Published

on

No Work Between 6 PM – 8 AM At Amazon India,Amazon India Employees Will Not Work After 6 PM,Amazon India To Employees No Calls and Emails After Working Hours,Amazon India Chief Tells Employees To Maintain Work Life Harmony No Emails and Phone Calls After Office Hours,Latest Business News 2018, Startup News India, startup stories

Amit Agrawal, CEO of Amazon India said “No business decision should be made between 6 PM – 8 AM”  in an email to the senior team members of Amazon. Agrawal asked members of the Amazon India team to maintain a healthy “work-life harmony.” This would encourage the employees to be more productive during work hours.

This announcement comes after Amazon was criticised at an international level for over working their employees. Amazon India is making changes for the better and is building a wholesome relationship with their employees with this recent announcement.

This decision might bring about a change in the Indian work culture as Indian’s on an average work 8.1 hours more than any employee from Europe and North America. Due to this destructive relationship of Indians with their work, it is appreciated Amazon India took this step to recognise the problem and address it head on.

It is not clear if this decision was made by Agrawal solely or was ordered by the company’s global leadership. Amazon recently listed 237 new “work from home” positions in and outside of the US, 235 of which are full time. By the looks of it, Amazon is actively tackling its toxic work culture and might succeed in so doing.

According to a study from Switzerland’s University of Zurich and the U. S., University of South Florida, people who do not separate work life and personal life, tend to be more exhausted. This hinders their productivity and creativity. “Organizational policy and culture should be adjusted to help employees manage their work-non-work boundaries in a way that does not impair their well-being,” lead study author Ariane Wepfer said.“ After all, impaired well-being goes hand in hand with reduced productivity and reduced creativity” Wepfer added.

What do you think about this announcement by Amazon India? Do you agree with it? Let us know in the comment section below!

Continue Reading

Latest News

Startup WeWork Raises $ 1 Billion from Soft Bank

Published

on

Startup WeWork Raises $1 Billion,Startup Stories,Startup News India,Latest Business News 2018,WeWork American Company,Tech Startup,WeWork Founders,Adam Neumann,Miguel Mckelvey,World Most Valuable Startups,Soft Bank Latest Funding News,WeWork Latest News

WeWork raised an additional $ 1 Billion in convertible debt from Soft Bank, the New York based company continues to grow rapidly. Their revenue doubled to a hefty $ 712 million according to the newly released financial information on Thursday.

WeWork is an American company that provides shared work spaces, tech startup communities, and various other services for startups, freelancers, small businesses and large enterprises. Founded by Adam Neumann and Miguel Mckelvey in 2010, it is one of the world’s most valuable startups as it is valued around $ 20 billion.

The startup WeWork has been piling up losses. During the first half of the year, the loss widened to $ 723 million as the company continued to expand, opened new spaces and spent more money to market them. The losses increased while the revenue for the first half of the year has more than doubled to a whopping $ 763.8 million.

The unusual mechanism of piling up losses gives WeWork an immediate cash injection as it continues to funnel money into expanding its shared office business globally.

The Chief Financial Officer, Artie Minson, in a recent interview described the financing as “the ability for us to opportunistically add a billion dollars to the balance sheet.” Minson further added, WeWork has around $ 4 billion in cash and commitments.

Due to being a private company WeWork has no obligation to publicly disclose its financial status. It released the figures to the media in conjunction with a periodic update to bond investors.

The latest funding from its investor Soft Bank, comes in the form of a subordinated convertible note that is structured so that the Japanese company has an edge in the next fundraising round. Soft Bank, has already invested $ 4.4 billion in equity funding in WeWork last August.

“There is no investor closer to us than Soft Bank and it was an opportunistic financing that we were able to do,” Minson said in an interview.

WeWork has more than 5,000 employees in over 280 locations, spread across 77 cities in 23 countries around the world including India, United Kingdom, Japan, Singapore, Australia, Argentina, Germany and Brazil.

Continue Reading

Latest News

Android Pie: Everything You Need To Know About Google’s New Features

Smruthi Kishore

Published

on

Android 9 Pie, Android’s latest operating system, was just launched after premiering at the company’s developers conference in May! After months of speculation, Google finally revealed what the P in the name stands for and despite all the multiple names thrown around, the one that stuck was Pie! From the first glance, Android 9 Pie seems to be extremely promising. Here is taking a look at the features this new and updated version of the Android has to offer!

1. Machine Learning

Machine Learning and Artificial Intelligence is the one bandwagon everyone is ready to jump on, including Google.  One of the key updates in the new operating software is the Adaptive Battery, which understands which apps you use the most and will help you optimise them accordingly. App Actions predicts which app you will use next, based on your usage.

2. Background upgrades 

One of the most popular controversies yet to be proven in the world of smartphones is how Facebook could be listening to your conversations through smartphone microphones. Despite not being proven, Android Pie is going to restrict access to mic, camera and all SensorManager Sensors from apps that are idle for a long time. This basically means that if the app switches to background mode, it will lose access to the phone’s microphone! Furthermore, if an external device is trying to gain access to your camera, an automatic error message gets generated, letting owners know their phone is being hacked in an instant.

3. Privacy a major factor 

In an attempt to increase the privacy settings of one’s phone, the new OS has taken privacy quite seriously. Google is creating a new permission’s category called Call Log, which requires developers to ask for explicit permission to access users’ call logs, rather than lumping it all into a single “Phone” permissions group. As an added safety measure, all Android phones are required to access links starting with HTTPS and not HTTP, making sure the network is safe and secure.

4. New interface 

So far, one of the major differences between Android and Apple was user interface. Up until now, Android had a three touch navigation button. However, with the new OS, the software is now giving way to a slicker one touch navigation system, seemingly inspired from the gesture features of Apple iPhone X. For instance, you can swipe up the button to see recent applications. The thumbnails of recent applications now appear larger with a full screen view. Smart Text Selection has also been improved and integrated within the “Overview” of recent applications. One of the other key features in the new upgrade include Quick Settings, a feature which lets you access only the apps you have used regularly.

5. Digital Well Being

Google’s new Digital Well Being software is the only software part of the new upgrade which will still be in beta phase during the launch. In case you missed Google’s OS launch back in May, this software deals with limiting the amount of time you spend on your app. While it may seem counterproductive for an OS developing system, the long term goals are beneficial. Once fully functional, one can go to the settings on your dashboard and look at how much time you have spent on your phone and what app is taking up most of your time. To limit usage of these apps, you can set timers and enable the “Do Not Disturb” feature, which instantly switches the app into lock mode.

Sticking to age old Google tradition, the new update is coming to the Pixel phone first. Non Google phones like Sony Mobile, Xiaomi, HMD Global, Oppo,  Vivo and One Plus, will receive the software upgrade towards the end of this year. Android One phones like Mi A2 and Mi A1 will also receive the update toward the latter half of this year!

Continue Reading
Advertisement

Recent Posts