Bootstrap – From Ideas to Reality (Newsletter for Startups) – July

UnLtd India:
UnLtd India is startup Incubator for social entrepreneurs offering both financial and advisory services.

UnLtd India started in Mumbai in 2007 by Pooja Warrier and Richard Alderson offers a complete ecosystem of seed funding, incubation support and co-working space, helping early-stage social entrepreneurs to turn their dreams into reality. Running four key programmes, startups can choose a programme to meet their needs. The programmes include Incubation Support, Bootcamp, Bombay Connect – a laboratory and co-working space and Social Mashup – a national conference for early-stage social entrepreneurs.

• Level 1 Support is for those who have an idea or pilot stage project where UnLtd India offers them a grant of up to 80,000/- and an average of 160 hours of hands on support over the course of the year
• Level 2 Support is for those with early-stage locally based projects, which have the potential to create large scale, sustained impact. UnLtd India offers them a grant of up to INR 2 Lakhs and an average of 220 hours of hands on support over the course of the year
• UnLtd India also recently added a Level 3 Support called the Growth Challenge that targets startups with a proven model ready to scale. As it is still in the early stage of development the UnLtd India Network will focus in the near term on Level 1 and 2 Support only

For more details, click here

For the ease of and for the expedient compliance of the requirement of the various labour related laws referred to and for the purpose of maintaining combined registers for all such laws, the Ministry of labour& employment provided consolidated list of documents to be maintained under different labour laws in the Labour Laws Rules, 2017.

1. Maintenance of registers under certain labour related laws– Notwithstanding anything contained in any rules made under the-
2. Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (27 of 1996);
3. Contract Labour (Regulation and Abolition) Act, 1970 (37 of 1970);
4. Equal Remuneration Act, 1976 (25 of 1976);
5. Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 (30 of 1979);
6. Mines Act, 1952 (35 of 1952)
7. Minimum Wages Act, 1948 (11 of 1948);
8. Payment of Wages Act, 1936 (4 of 1936);
9. Sales Promotion Employees (Conditions of Service) Act, 1976 (11 of 1976); and
10. Working Journalists and Other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions Act, 1955 (45 of 1955);

The combined registers in the Forms specified in the schedule to these rules shall be maintained either electronically or otherwise as per the format prescribed below. The said rules have consolidated various registered, to be which were supposed to be maintained by the employer previously, into the following registers.

Click here to View FORMAT OF EMPLOYEE REGISTER

S.No.	Startup Name	Website	Industry / Vertical	Investment Type	Investors' Name	Amount (In USD)
1	CoinTribe	https://www.cointribe.com/#/	Finance	Private Equity	Sabre Partners, PuneetDalmia& Others	10,000,000
2	Digiconectt	http://lconnectt.com/	Technology	Seed/ Angel Funding	Aspire Logistics LLC	125,000
3	Kashmir Box	https://www.kashmirbox.com/	E-Commerce	Seed/ Angel Funding	Bhairavi Jani, AlokDivatia, NamrataKaul, SohailHashemi, AijazSaleem	N/A
4	Crowdera	https://gocrowdera.com/	Finance	Seed/ Angel Funding	Anil Advani, Pramod Jain, Amrendra Reddy and Manish Satnaliwala.	N/A
5	Zoctr	https://www.zoctr.com/	Healthcare	Seed/ Angel Funding	NB Ventures and Others	N/A
6	Annapurna Finance	http://ampl.net.in/	Finance	Private Equity	Oman India Joint Investment Fund (OIJIF)	23,000,000
7	Meesho	https://meesho.com/	Consumer Internet	Private Equity	Sequoia Capital India, SAIF Partners, Y Combinator and Venture Highway	11,500,000
8	AyeFinance	http://www.ayefin.com/	Finance	Private Equity	CapitalG, SAIF Partners and LGT Impact Ventures	2,15,00,000
9	Theranosis	https://theranosis.com/	Healthcare	Seed/ Angel Funding	Mumbai Angels Network	N/A
10	Alpha Capital	http://alphacapital.in/	Finance	Private Equity	Alpha Capital	14,800,000
11	RentSher	https://www.rentsher.com/	Consumer Internet	Seed/ Angel Funding	Shorooq Investments, LetsVenture& Others	11,00,000
12	Drip capital	https://www.dripcapital.com/	Finance	Private Equity	Accel Partners, Sequoia India, Y Combinator and others.	15,000,000
13	WickedRide	https://www.wickedride.com/	Consumer Internet	Private Equity	Sequoia Capital, Accel Partners &RaghunandanGangappa	9,100,000
14	PolicyBazaar	https://www.policybazaar.com/	Consumer Internet	Private Equity	SoftBank Vision Fund & Info Edge (India) Ltd	200,000,000
15	HipBar	https://www.hipbar.com/	Consumer Internet	Private Equity	Diageo India	4,000,000
16	Sqqrl	https://sqrrl.in/	Finance	Seed/ Angel Funding	Equanimity Venture Fund	1,000,000
17	Paytm	https://paytm.com/	Technology	Private Equity	One 97 Communications	89,50,000
18	Sigtuple	https://sigtuple.com/	Healthcare	Private Equity	Accel Partners, IDG Venture, Endiya Partners, pi Ventures, VH Capital, Axilor Ventures and Binny Bansal	19,000,000
19	Wow Express	http://www.wowexpress.in/	Technology	Private Equity	Undisclosed Existing Investors As Well As The Tamarind Family Trust	4,500,000
20	Front Desk AI	https://www.frontdesk.ai/	Technology	Seed/ Angel Funding	Speciale Invest & Others	11,00,000
21	Edureka	https://www.edureka.co/	Ed-Tech	Seed/ Angel Funding	Leo Capital	2,000,000
22	Numeroseven	http://numeroseven.in/	Technology	Seed/ Angel Funding	Shiva Gunapu& Others	N/A

1.      7 July 2018- Startup Manthan Mumbai

Venue: 91 Springboard Andheri East, Kondivita, Andheri East, Mumbai, India

Timing:  9:00AM – 5:00 PM

Objective: ‘STARTUP MANTHAN, Mumbai’ a flagship event for startups organised by Raise My Startup which is a hunt across Pan India with a goal to boost market visibility for the most promising and early-stage startups. It is an unconference designed for early stage entrepreneurs focusing on peer learning from contemporary founders.The format is conducive to creating an informal yet highenergy interactive environment, by keeping the main agenda of startups exposure. The aim is to help bridge the gap that currently exists between the ecosystems in tier I and tier II cities by making the essential resources available to emergent startups in these geographies. The startups will be offered the enviable opportunity to showcase their business plans as well as products/services in front of stalwarts from the startup world.

2.      8 July 2018 -Giasm – Global Investors And Startup Meet

Venue: Dome @ NsciWorli, D Wing, First Floor,LalaLajpatrai Marg, Worli,, Nsci, Svp Stadium,, Mumbai

Timing: 10:00AM – 6:00 PM

Objective: Global Investors And Startup Meet [GIASM] is an international Non-Profit organisation established as a platform to connect investors and startups around the world.The main purpose is to guide small startup companies with financial and wealth management with proper training and technology, We assure that this event will be kick start for many entrepreneurs.

3. 14 July 2018- Josh Talks Hyderabad 2018
Venue: Exact Venue to be decided

Timing: 2:00PM – 6:00 PM

Objective: Josh Talks in partnership with Facebook is all set to host #BoostYourBusiness, an event that brings together business pioneers and upcoming professionals. This day-long conference cuts across genres to bring incredible stories of role models.

4.      14 July 2018 – Connecting Ideas With Money: Investor Series 2018 – Indian Angel Network

Venue: Lounge 47, Ngef Layout, Defence Colony, Indiranagar, Bengaluru, India

Timing: 10:00AM – 12:30 PM

Objective: Indian Angel Network is a network of Angel investors keen to invest in early stage businesses which have potential to create disproportionate value. The members of the Network are leaders in the Entrepreneurial Eco-System as they have had strong operational experience as CEOs or a background of creating new and successful ventures. They share a passion to create scale and value for startup ventures. This is the 38th of a series of investor talks, where they invite guests from a variety of asset classes – Angels, Venture Capitalists, and Private Equity – to a chat on a range of funding subjects interesting to entrepreneurs. It is an opportunity to test the elevator pitch, while also network with investor companies/individuals.

5.      16 July 2018 – 17 July 2018 – Entrepreneur India 2018

Venue: J.W Marriott Hotel, Aerocity, Asset Area 4, Hospitality District, Delhi Aerocity, New Delhi

Timing: 10:00 Am Onwards

Objective:Entrepreneur India 2018 is a platform for entrepreneurs to discover and unleash breakthrough Ideas, Innovations and Insights needed to realize their power to disrupt the social, economic and tech ecosystem. In its 8th Annual edition, Entrepreneur India 2018 aims to bring together inspiring entrepreneurs and investors for creating new opportunities for investment, build new partnerships and collaboration avenues and highlight entrepreneurship as means to address some of the most intractable society challenges. The summit will include 4 distinct summits, keynotes and panels, ignite talks, pitch stage, mentoring, and networking sessions aimed to give participants tailored opportunities to gain skill and relationships that will help their ventures grow. Within the Summit there will also be demo zones, experiential exhibitions, Media interactions and opportunities to connect with industry Thought Leaders and Mentors.

6.      21 July 2018 – 22 July 2018- Capital Conversations

Venue:Awfis Space Solutions PVT LTD., 5th Floor, Shanta Sriram Building, PSR Towers, Beside DLF, Gachibowli, Hyderabad.

Timing: 10:00 AM onwards

Objective: This workshop dives deeply into the language of capital.  It teaches you to tell a business story in the words and numbers the money men understand – how to improve your fundraising without compromising your plan or vision.

The workshop will cover the whole landscape of finance – from owner’s equity to venture capital, mainstream debt and non-traditional methods such as crowd funding.

7.      22 July 2018 -Business IDEAs Symposium VIII

Venue:  Pandit Jawaharlal Nehru Auditorium, Shivaji Nagar, Pune

Timing: 9:30AM – 2:00 PM

Objective: Business Ideas Symposium is organised by the International Federation to help one start and grow their businesses. It is an opportunity for those who are looking for new business idea, association, franchisee, investments etc.

 

Country: Vietnam

Overview

The socialist-oriented market economy of the Socialist Republic of Vietnam is the 47th-largest economy in the world measured by nominal gross domestic product (GDP)

Vietnam’s economy continued to post stellar growth in the first quarter, fueled by an export boom. Gross domestic product rose 7.38 percent in the first quarter from a year earlier.

Vietnam has outperformed most of its Southeast Asian peers as export growth remained resilient on the back of a global trade recovery last year. And even though the trade outlook has turned gloomier this year amid rising tensions between the U.S. and China, the world’s two largest economies, Vietnam expects to sustain growth of about 7 percent.

Opportunities –

• Rapidly Growing Economy: Vietnam’s economy has been growing at between 4% and 8% since its recovery from the Asian Financial Crisis of 1997.

• Self-Powered Economy: Vietnam relies on the petroleum industry for its domestic energy consumption and for export; crude oil product is expected to gradually decline.

• Geopolitical advantages and labor market conditions: Vietnam has geopolitical advantages in the region when locating on the sea route connecting Europe and North-East Asian countries. There are many main point harbors such as Hai Phong, Da Nang, Cam Ranh and Sai Gon. Goods can be delivered from Vietnam to many places in the world. In addition, Vietnam government has enacted many preferential policies for key sectors and areas of the economy.
  Labor market with young workers is another attractive point to foreigners doing business in Vietnam. With 54 million young and hardworking workers, Vietnam is a promising labor supply market.

• Profound integration:Vietnam is in a profound integration process which results in many huge opportunities for foreigners doing business in Vietnam. Up to now, Vietnam is a member of ten free trade agreements. Five more agreements are still under negotiations.

Risks –

• Socialist-orientated Economy: Vietnam may have transitioned from a centrally planned economy, but the government still controls many key industries.

• Early Stage Market Economy: Vietnam remains at an early and vulnerable stage of its economic development and is therefore more risky than developed markets.

• Culture and language: The Vietnamese believe in the theories of the early Chinese philosopher Confucius which emphasizes the importance of relationships, responsibility and obligation. Language remains one of the biggest challenge for foreigners working with locals. English is the major language used by foreigners in the country. Education is increased recently but claimed by foreign entities for quality.

• Infrastructure: Vietnam is in list of countries which pay less space for building infrastructure also its low quality. With the dramatic increase in population and open to trading world, the country needs to plan for higher structure to support the development.

Notable start-ups-

• Fixir: A mobile app that helps motorists discover and book repairs and service from reliable workshops through their mobile app.

• LeXis: A legal platform that helps companies and individuals get legal advice and help through a prepaid package and a toll-free number.

• FastSell: A mobile app that allows you to list, discover and buy things from people around you quickly, reliably and securely.

• UseData: SAAS that helps online sellers optimize visual merchandising through their product analysis platform.

• Butterfly Hub: Transforming beauty through data science, computer vision and AI. Users find fashion and get the latest haircut for that best matches their looks.

• Greengar: Greengar is one of the most successful mobile app companies coming out of Vietnam. It was once an app studio which built a plethora of apps from productivity to games, but since entering the 500 Startupsprogram in Silicon Valley, it has focused solely on its most successful app: Whiteboard. The app allows users to collaborate on a shared whiteboard with text, paintbrushes, and more. The app is mainly targeted at educational institutions, but the CEO, one of Vietnam’s only female tech startup co-founders, says it can also be used in a business setting for meetings.

Startups are typically formed when a bunch of friends get together to pursue a shared goal. Everyone, initially, seems to be doing everything but before long, one of the team members becomes in charge of marketing, one takes careof Finance and the others, if any, do operations. In more evolved situations, the team tends to identify one of itself as the CEO and the other as CTO and CMO. But there might be some tricky situations every startup might face at some point of time like compensation, cash and stock, title for each of the founders, exit by one of the founders etc. for which they shall enter into an written agreement.

The power of these sorts of agreements may be as much a function of the conversations that are had in order to put these conclusions into place as it is a function of the formal agreement/document itself.  The goal of such agreements is to have an open and honest discussion of the attitudes, fears, and aspirations of, as well as the arrangements among the individuals involved with the startup in the hopes of minimizing the likelihood of debilitating surprises later in the life of the company. They are called as Founders’ Agreements.

A founders’ agreement is a contract between the co-founders of a company. The agreement lays out the rights, responsibilities, liabilities, and obligations of each founder. Generally speaking, it regulates matters that may not be covered by the company’s operating agreement. Ultimately, Founders Agreements are designed to protect each founder’s interests and memorialize that all founders are in agreement about the venture’s basic structure and how the founders will work together to move their business forward. Forging an agreement between all founders helps mitigate the risk of a lawsuit over who owns the business.

 There is a wide range of provisions that could be addressed in a Founders Agreement which among other things includes:

• Definition of Business
• Roles and responsibilities of each co-founders
• Details of exit formalities for founders
• Dissolution
• Transfer of ownership
• Ownership Structure
• Confidentiality
• Decision making & dispute resolution
• Representation & warranties

Perhaps, the most important reason for entering into a Founders agreement is that it avoids any future ambiguity that might arise with respect to the enterprise. It sets the expectations and goals of the founders and assigns each a specific role and responsibility to each founder. It defines possible hurdles and provides precautionary measures.