CIIE IIMA
Centre for Innovation Incubation and Entrepreneurship in Ahmedabad operates through an autonomous not-for-profit entity. From the time it started, CIIE has incubated more than 50 companies, only a handful of which were owned by IIM students.

It was setup by IIM Ahmedabad with support from the Government of India and Gujarat Government initially as a research institute in 2002 and was turned into a full-fledged incubation center in 2007.

CIIE comprises of IIMA faculty, alumni and other individuals and partners with like-minded organizations to foster entrepreneurship through incubation, ecosystem development and academic initiatives. CIIE has been incubating businesses in the areas of internet and mobile technology, clean technology, social sector startups and healthcare.

They want entrepreneurs to build their ideas from wherever they are stationed, so that the local economy benefits from its growth. From mentoring clinics to art exhibitions from global warming initiatives to social enterprise funds, CIIE has evolved as a prestigious business incubation center in India. Some notable startups are Travelyaari, Innoz, Thrillophilia.

Accounting Softwares

Accounting software is a class of computer programs that enable you to manage your business’s financial transactions. Such programs can vary widely in scope, with some programs designed for little more than simple bookkeeping and some designed to manage the entire financial comings and goings of large businesses. Using accounting software helps companies to use the resources in their accounting departments efficiently, and can reduce costly bookkeeping mistakes.

Mentioned below of few advantages of using Accounting Software-
1. Accuracy
Accounting software can help to increase the accuracy of your records by reducing or eliminating human errors in calculation.

2. Speed
Using accounting software allows businesses to process their accounts with greater speed than manual processing
It helps organizations to increase efficiency by introducing automation.

3. Cost
The benefits resulting from the speed and efficiency of accounting software often go hand-in-hand with reduced overall costs. The use of an accounting program allows each member of the accounting team to do more in a given time, potentially meaning that a smaller team is needed overall.

4. Reports
Accounting software helps businesses to supply the necessary members of staff with timely and accurate financial information. Many accounting software systems have built-in reporting modules that enable users to create this type of report by simply filling in a form or clicking a button.

Accounting Solutions
1. Tally ERP 9

Tally ERP 9 is a well-known accounting software that manages inventory and payroll. It is one of the most economical software available. With the complexity of tax structure in India you require a simple but helpful gst software and that is Tally ERP 9.

This software has a very wide range of software.

Pricing Details
Single User – Rs. 21,780
Multi-user – Rs. 65,340
Annual Renewal of 25%

Accounting Features Offered

• HR and payroll
• Investment
• Multiple company
• Financial management
• Inventory management
• Invoice
• Product database
• Supplier and purchase order management
• Taxation management

Pros
The software is Accountant Friendly and does not need internet to operate.

Cons
It needs LAN to operate multi-user. It needs Tally.net + Static IP to operate multiple locations.Data is not realtime and susceptible to Hard-disk crashesand Virus Attacks. Version upgrades are charged.No business specific features.

2. Zoho Books (by Zoho)

Zoho Books is an online accounting software that allows you to easily manage the money flowing in and out of your business. It helps in managing your customers and invoices, while keeping expenses in check. It records, monitor and reconciles your bank accounts and transactions, and collaborates with your accountant in real-time. Most importantly, Zoho Books helps you make better, more informed decisions and stay on top of your business.

Pricing Details

Basic	$ 9/month to $ 90/year
Standard	$ 19/month to $ 190/year
Pro	$ 29/month to $290/year

Accounting Features Offered
a. Accounts Payable
b. Accounts Receivable
c. Bank Reconciliation
d. Billing and Invoicing
e. General Ledger
f. Multi- Currency
g. Purchasing

Pros
Allows bank sync and very easy invoicing and reporting. Also, compatible with Windows and Android devices
 
Cons
Only offers limited third-party integration. Does not involve payroll services. Seems buggy at times, but not bad.

3. Quick Books (by Intuit)

QuickBooks is the leading accounting software for small businesses. It helps in managing all your finances with either its licensed or online version. It provides instant access to customer, vendor and employee information. Free support and upgrades are provided at regular intervals with online version. It also comes with a 30 day free trial.

Starting Price: $ 5/month/user

Accounting Features Offered
a. Accounts Payable
b. Accounts Receivable
c. Billing and Invoicing
d. Cash Management
e. Collections
f. Fixed Asset Management

Pros

The ability to share it with multiple accountants if needed, and being able to make sub accounts to attach more information to certain accounts to break them down into more detail. Very simple invoices and payments records and reporting system. Client’s information at all levels is pretty good and clear.

Cons

Management reporting system is cumbersome and hard to use. Not clear where to look for the data in a very short time.

4. Dynamics (by Microsoft)

Microsoft Dynamics is a line of integrated, adaptable business management solutions that enables customers to make important business decisions with greater confidence. Microsoft Dynamics works like and with familiar Microsoft software-easing adoption and reducing the risks inherent with implementing a new solution. These solutions automate and streamline financial, customer relationship, and supply chain processes in a way that can help you drive business success.

Accounting Features Offered
a. Accounts Payable
b. Accounts Receivable
c. Billing and Invoicing
d. Bank Reconciliation
e. Cash Management
f. Consolidation or Roll- Up
g. Expense Tracking
h. Fund Accounting
i. General Ledger
j. Payroll Management
k. Revenue Recognition
l. Tax Management
m. Fixed Asset Management

Starting Price: $ 50/month/user

Pros

The CRM capability gives incredible flexibility, and greater usefulness to the business pipeline functionality

Cons

The ability to bring ERP together with CRM takes quite a bit of fine-tuning, and making sure that your preexisting data is correct. Make sure to do the data cleaning at the start.
 
5. Xero (by Xero)

Xero provides integrated accounting and inventory management software for small businesses. It keeps track of the quantity of the inventory items you have on hand. It helps in creating quotes and invoices faster by automatically entering items. It also provides real-time stock valuation through automatic updation of balance sheet. It helps in tracking the profitability of your inventory by easily seeing the quantity of sales each item is generating.

Starting Price: $ 9/month

Accounting Features Offered
a. Accounts Payable
b. Accounts Receivable
c. Billing and Invoicing
d. Bookkeeper
e. Financial Reporting
f. Financial Management
g. Payroll

Pros

Ease of use is a real plus here, as is the customizations for my locality. It’s also been super-easy to get other members of our staff to use the timesheets, and to even get our office administrator doing some of the book-keeping functions.

Cons

The support is good, but for some of the more curly questions you need to go to the Xero community. Lots of people there to help, but I would prefer a more authoritative voice.

6. Accounting (by Wave)

Wave offers 100% free, real double-entry accounting for small businesses. As a cloud-based software, Wave allows the user to access data from anywhere, add unlimited collaborators and work on all businesses from a single login. Wave eliminates data-entry and puts the financial reports needed at finger tips. Accounting is also seamlessly integrated with invoicing, receipt scanning, payment processing and payroll.

Starting Price: $ 0.01/year

Accounting Features Offered
a. Accounts Payable
b. Accounts Receivable
c. Bank Reconciliation
d. Billing and Invoicing
e. Cash Management
f. Collections
g. General Ledger
h. Financial Management
i. Payroll

Pros:

Wave is easy, almost fully automated book keeping.

Cons:

They don’t have a mobile app yet, but hopefully they are coming out with one soon and I wish they had the same reports as Quickbooks, not a game killer since it is free.

Using accounting software saves hours of time compared to handling the books manually and is usually more efficient than using a spreadsheet. It’s because accounting software reduces or eliminates redundant data entry, like entering the customer’s address on the quote, then the work order, and then the invoice. Accounting software a very crucial role in ever entity. Most accounting software is much easier to use than it once was, and some small business accounting software was designed for ease of use by a person with no accounting background at all. However proper cost benefit analysis should be done before selecting a particular accounting software.

S.No.	Date	Startup Name	Industry	City	Investors' Name	Investment Type	Amount (In USD)
1	Feb-01-2018	BigBasket	E-Commerce	Bengaluru	Alibaba, Helion Venture Partners, Bessemer Venture Partners, Ascent Capital	Private Equity	300,000,000
2	Feb-01-2018	Zomato	Food and Beverages	Gurugram	Ant Financials	Private Equity	200,000,000
3	Feb-05-2018	Pratilipi	Publishing	Bengaluru	Omidyar Network	Private Equity	4,300,000
4	Feb-05-2018	Asia Institute Of Medical Science	Healthcare	Faridabad	CDC Group Plc	Private Equity	21,000,000
5	Feb-05-2018	CollegeDekho	Ed-Tech	Gurugram	Man Capital LLP, Girnar Software, Others	Private Equity	2,000,000
6	Feb-06-2018	Healthi	Healthcare	Bengaluru	Montane Ventures	Private Equity	3,100,000
7	Feb-07-2018	Swiggy	Food and Beverages	Bengaluru	Naspers	Private Equity	100,000,000
8	Feb-08-2018	Shape	Healthcare	Pune	Sandeep Mathur	Seed / Angle Funding	100,000,000
9	Feb-08-2018	Icertis	Technology	Pune	Meritech Capital Partners	Private Equity	50,000,000
10	Feb-09-2018	healthifyme	Healthcare	Bengaluru	Sistema Asia Fund	Private Equity	12,000,000
11	Feb-09-2018	Rupeek	Finance	Bengaluru	Accel Partners, Sequoia Capital	Private Equity	6,830,000
12	Feb-12-2018	Lendingkart	Technology	Bengaluru	Fullerton Financial Holdings Pte Ltd & Others	Private Equity	87,000,000
13	Feb-12-2018	Cashify	E-Commerce	Gurugram	Trifecta Capital	Debt Funding	935,089
14	Feb-13-2018	holachef	Food and Beverages	Mumbai	Ashok Kumar Gajera	Seed / Angle Funding	311,200
15	Feb-13-2018	IMAX Program	Ed-Tech	Bengaluru	Michael & Susan Dell Foundation, LGT Impact Ventures	Private Equity	13,500,000
16	Feb-14-2018	Littlemore	Ed-Tech	Chennai	Kalpavriksh	Private Equity	3,000,000
17	Feb-14-2018	Shirsa Labs	Ed-Tech	Mumbai	Dewang Neralla, Mahesh Kothurkar,Atul Agarwal	Private Equity	500,000
18	Feb-14-2018	MoneyOnMobile	Technology	Mumbai	S7 Group	Private Equity	5,000,000
19	Feb-15-2018	Infibeam	E-Commerce	Ahemadabad	Network 18	Private Equity	6,230,000
20	Feb-19-2018	AyeFinance	Finance	Gurugram	Hinduja Leyland Finance, IntelleGrow	Private Equity	3,800,000
21	Feb-20-2018	Agricxlab	Agriculuture	Mumbai	Ankur Capital	Seed / Angel Funding	500,000
22	Feb-21-2018	Udaan	E-Commerce	Bengaluru	Lightspeed& Yuri Milner	Private Equity	50,000,000
23	Feb-21-2018	Capillary	IT	Bengaluru	WargburgPincus, Sequoia	Private Equity	20,000,000
24	Feb-21-2018	The Healthy Billions	Healthcare	Gurugram	Blume Ventures, HealthQuad and Fireside Ventures	Private Equity	2,100,000
25	Feb-26-2018	Avishkaar Box	Ed-Tech	Delhi	Auxano Deals	Private Equity	772,500
26	Feb-26-2018	Planys Technologies	Technology	Chennai	Kris Gopalakrishnan, Pratithi Investment Trust, MEMG Family Office, S Gopal	Private Equity	1,040,000
27	Feb-28-2018	Gaana	Technology	Gurugram	Tencent Holdings Ltd, Times Internet	Private Equity	115,000,000

March 07	March 10	March 15	March 20	March 21	March 30	March 31
TDS/TCS Challan	PT Payment	PF Payment	GSTR- 3B (Feb)	PF return	Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA & 194-IB in the month of February, 2018.	GSTR6 (July - February)
	GSTR-1 (Jan) - for registerd persons with aggregate turnover more than 1.5 crores	4th Installment - Advance tax				Report in the form 3CEAA by constituent entity of international group for AY 2016-17.
		Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of January, 2018				CbCR in form 3CEAD for AY 2016-17
		ESIC payment

1. March 8-9,2018 : Mantrapreneur 2018

Mantrapreneur, the flagship event of FLAME Entrepreneurship Lab is an entrepreneurship summit that focusses on student entrepreneurship and celebrates the spirit of entrepreneurship among all of us. Filled with workshops, talks, panel discussions and interview sessions, Mantrapreneur brings you closer to the world of startups. It aims to inspire and equip you to take on the challenges of starting your own venture.

Time: 9:00 AM onwards
Venue: FLAME University, Near Oxford Golf Resorts, Lavale, Pune

2. March 8-9,2018:Quanta 2018

Quanta is a National Level Technical Symposium organised by the Society of Materials Science Engineers of CEG, Anna University. This year Quanta has a eclectic range of events, workshops and guest lectures.

Fest Events: The fest contains both technical as well as non technical events.

Technical events:

1.Paper Presentation
2.Nuts and Bolts
3.Proficient Entrepreneur
4.Far Fetch
5.Cause and Effect
6.Switch / Block and Tackle
Non-Technical Events:
1. Find it Out
2. Find the Domain
3. KaKaKa Po
4. OruVarthaiOruLatcham
5. IPL Auction
6. Thematic Quotes

Time: 5:00 PM onwards
Venue: Anna University, Chennai, India

3. March 9 -11 , 2018: Women Entrepreneurship and Empowerment Expo India 2018

Women Entrepreneurship and Empowerment Expo India 2018 (WEEEI) is a first of its kind Expo to bring all women at one place and showcase their work. This expo will have different segments, where people from every section can find the opportunity. This will also help women based startup to represent themselves at national and international level.

Time: 12.00 PM to 2.00 PM
Venue: MAJOR DHYAN CHAND NATIONAL STADIUM, NATIONAL STADIUM, INDIA GATE, NEW DELHI.

4. March 10,2018: Building the ‘A’ Team | Startup Saturday Delhi

The most challenging task for any organization is building a Team. Every second organization is facing difficulty in having best team for their venture. Building a successful team is about more than finding a group of people with the right mix of professional skills. Building the best organization before all to hire the right people and where talent comes second, organization/team fit always comes first.

The theme for March 2018 edition of Startup Saturday is Building the ‘A’ Team which will help you to understand the real complexity behind team dynamics and management.

Time: 3.00 PM to 6.00PM
Venue: Amazon Internet Services (AWS), South Delhi

5. March 10,2018 : 4 Days Crash Course in Digital Marketing

Following Topics shall be covered in the event-
• Google AdWords – Creating and running successful ad campaigns on Google and YouTube. Campaign creation, keywords, ad creative, bidding strategies, AdWords auction, Remarketing, Google Display Network, YouTube Marketing.

• Social Media Marketing: Creating and running successful ad campaigns on Facebook, twitter and linked-in
• Search Engine optimization: How to appear in Google search results
• Email Marketing
• Affiliate Marketing: Earning by promoting sales for others
• Basic website creation for business owners
• Interview Practice for people looking for jobs in MNCs
• 7 Certifications from Google

Time: 9.00 AM to 6.00 PM
Venue: 803, New Delhi House, Barakhamba Metro Station Gate 6, New Delhi

6. March 11, 2018: Lean Six Sigma Green Belt Course by Henry Harvin Education

Henry Harvin Education introduces 5-days/20-hours Live Online Training Session. Based on this training, examination is conducted, basis which certificate is awarded. Post that, 6-months/12-hours Live-Online Action Oriented Sessions with focus on implementation related challenges. Distinguish your profile with global credential of ‘Certified Six Sigma Executive and showcase expertise by using the Hallmark of CSSE next to your name.

Time: 4.00 PM to 9.00 PM
Venue: India International Centre No.40, Max Mueller Marg, New Delhi, Delhi 110003

7. March 17-18, 2018: Mumbai Startup Fest’18

Mumbai Startup Fest 2018 is being organized with a vision to promote and celebrate this entrepreneurial spirit of Mumbai. It aims to provide the start-ups and budding entrepreneurs a platform to showcase their potential and discuss roadblocks where every startup has difficulty in envisioning a long-term successful venture. It is a mission and goal to create a budding entrepreneurial ecosystem in Mumbai and foster the spirit of the same in the long run.

Time: 3:00 PM onwards
Venue:J.V.P.D. GROUNDS, JUHU, MUMBAI, INDIA

8. March 17-18,2018: Renaissance

Renaissance, an entrepreneurship summit, under Centre for Promoting Innovation (CPI ) envisages to support innovative ideas of an individual or a group of individuals in areas related to the development of new products/goods for the benefit of mankind and/or novel approaches addressing social issues for inclusive development of the society.

It also intends to bring together technologists, engineers, medical professionals, business analysts to develop all-inclusive innovation that creates an impact on the quality of life through talks,discussions and workshops.

Time: 9:00 AM onwards
Venue: Design Innovation and Incubation Center, Motilal Nehru National Institute of Technology, Allahabad

9. March 19-22,2018: World Blockchain& Fintech Conclave

The “Blockchain& Fintech Conclave” Mumbai 2018 aims to connect global blockchain gurus and technology players in this space including emerging startups – with regional business and IT leaders from across key industry verticals in Mumbai.

Blockchain is a revolutionary technology that minimizes fraud and maximizes efficiency, security& transparency in supply chains, healthcare, global money systems, financial technologies, democratic elections, auction of public assets, energy trading, electronic record authentication, delivery of Government services, IoT and much, much more.

Time: 9:00 AM onwards
Venue: Radisson Mumbai Goregaon, Udyog Nagar, Goregaon West, Mumbai

10. March 23-25,2018: Unmeed-2018

• Angel Investors will be present for handholding the Start ups.
• JURY MEMBERS: Experts from Industry, Academia, Service Sector, Aviation, Tourism, Garment/Textiles will review your Business Plans.
• Presentation will be taken in CLOSED ROOM FORMAT
• Selected Business plans will get INVESTMENT
• Few best unique ideas will get CASH PRIZES worth upto 20,000 INR by Organizers.

Time: 9:00 AM
Venue: Delhi, India

Country: Germany

Overview

Startups have become a well-established sector in all of Germany’s regions. A number of indicators point to Germany’s startup ecosystem shaping up well lately. In the first half of 2017, for example, about 2.2 billion euros in funding was raised – twice the amount as the year before.

Another ray of light on the horizon is the German government’s announcement that, starting in mid-2018, it will be providing two billion euros of startup funding via the Development Loan Corporation (KfW). Another notable development: Online delivery service “Delivery Hero” had an extremely successful IPO (issue size: € 996 million), and is now listed in the S-DAX index.

When it comes to nationality, Germany’s startup landscape is pretty diverse: With an average of almost 30 percent of startup staff not being German, the share of foreign-born startuppers is disproportionately high.

Berlin: Germany’s favourite startup hub

The German capital with its 3.7 million inhabitants is considered the country’s most attractive startup environment for founders, not least due to its international workforce.

Berlin is home to roughly 17 percent of all German startups, with the Ruhr Valley area coming in at a not-so-distant second place (11.3 percent). Altogether, a little more than half of German startups are based in Berlin, the Ruhr Valley area and four other clusters: Munich, Stuttgart, Hanover and Hamburg, all of which have a share of around six percent.

Areas of activities, team foundations and job creation

The most important area of activities for startups remains the digital economy. According to the DSM, half of the startups can be found in the areas of IT/ software development, “software as a service”, industrial technology/ production/ hardware, e-commerce or online market place.

Foundations happen mostly in teams (75%), with a predominant team size of two to three people. The different professional qualifications complement each other in the opinion of the surveyed startups. 90% rely on the expertise of team colleagues.

Startups generate an average of 13.2 jobs and plan for the next twelve months on average a new hiring of 7.5 employees. The recruitment of specialists remains a difficult issue for all startups.

Finance:
Till date, startups surveyed in the German Startup Monitor have collected almost 2.1 billion euros ($2.47 billion) in external capital and plan to raise an additional one billion in the next 12 months. About one third of startups received capital from the government, according to the report.

Important sources of federal financing are the High-Tech Founders’ Fund along with a number of federal ministry of economic affairs programs: EXIST, which aims at “improving the entrepreneurial environment at universities and research institutes,” INVEST, which subsidizes angel investments, as well as two instruments to widen the access to venture capital, which startups need to become high-growth companies: the ERP/EIF Growth Facility and the “coparion” funds.

“Startups interested in coming to Germany should have a close look at the federal funding available to … foreigners,” Lukas Gabriel Wiese of the German Startups Association.

Challenges and Opportunities

1. Reluctance in adopting innovative ways-
Germany did great innovations in past few decades but since last decade we have seen a downfall in adopting new technology which is presenting to be a major obstacle. It can be an impact of delay in bureaucrats’ decisions and current political situation though still need to analyze carefully.

2. Inadequate Investor protection-
Both the World Bank and IFC put Germany in 100th place as far investor protection is concerned. Even though steps have been taken to make better protection provided the investors still a lot has to be done in this regard. The Strengthening Investor Protection and Improving the Functionality of the Capital Market Act has been signed in 2011. This offers more efficient regulation as well as supervision of markets.

3. Cultural Differences-
It is arduous to do business in Germany without proper cross-cultural awareness. In fact, a business can be risky in case you are not aware of the business landscape as well as culture. Hierarchy is given a lot of value in Germany and there are several procedures as well as policies which can slow pace of things, so, therefore, it is vital to show a little patience to ensure success in business negotiations.

4. Less Risk Appetite-
Germans are less likely to assume risky propositions. So as a result people do not want to start a new business here. Business culture on a whole is less tolerant towards risk-taking as well as failure, in comparison to risk appetite of US. Besides this, bureaucracy is also a huge hurdle in Germany.
Notable Startups in Germany

1. Ecosia
At Ecosia, they share to find and support innovative solutions to as many of these problems. As part of their vision to end deforestation, they plan to plant one billion new trees by the year 2020.
2. Research Gate
ResearchGate was built by scientists, for scientists. It started when two researchers discovered first-hand that collaborating with a friend or colleague on the other side of the world was no easy task. The network was founded in 2008 by physicians Dr. Ijad Madisch and Dr. Sören Hofmayer, and computer scientist Horst Fickenscher.

3. Babbel
They provide Interactive online courses on the web and as mobile apps for English – Spanish – German – French – Italian – Portuguese – Swedish – Turkish – Polish – Dutch – Indonesian – Norwegian and Danish.

4. Dawanda
DaWanda is an online marketplace that trades handmade products from professional artisans, artists, designers, and individuals.

5. Jimdo
Jimdo enables users to create a website on a computer, smart phone or tablet using a simple intuitive interface.

A Non-Disclosure Agreement (NDA) is an agreement in which one or more parties to an agreement agree not to disclose the confidential information specified in that agreement.

It outlines the knowledge or information which are confidential and denies the access of that information to any third party. Although, NDAs are commonly signed between the two companies, individuals or other entities but then again an employer can also enter into a Non-Disclosure agreement with his employee.

These agreements are also known as a Confidential Agreement (CA), a Confidential Disclosure Agreement (CDA), a Secrecy Agreement (SA) and a Proprietary Information Agreement (PIA)

NDA’s are ordinarily drafted to protect:
• Trade Secrets
• Financial information
• Customer and Suppliers list
• Intellectual Property
• Business ideas, methods and plans

Most NDA’s are drafted as ‘mutual agreements’ meaning that both parties agree not to disclose or use inappropriately, the confidential information of the other party.

In India, NDA’s are governed by the Indian Contract Act, 1872. For the validity and enforceability of the NDA, they need to be get stamped.

A well-drafted non-disclosure agreement can specify what information you don’t want the other party to disclose and what the consequences are for breaching the agreement.

Types of Non-Disclosure Agreements:

1. Unilateral NDA:

It involves two parties, out of which only one party discloses certain information to the other and expects that the information is prevented from any further disclosure.

2. Bilateral NDA:

It involves two parties; both the parties disclose information to each other, and both of them intend to protect the information from disclosing to another. For example, a Joint Venture.

3. Multilateral NDA:

It involves three or more parties to the agreement, out of which one of the parties discloses the information to other parties and wishes to have that information protected from any further disclosures. These types of NDAs also eliminate the need for distinct unilateral or bilateral NDA.

When to draft a NDA?
• Before the commencement of new project
• For sharing trade secrets (for example, NDA with top executives, employees)
• While entering into business deals
• All sundry contracts

Important clauses of NDA:

Consideration should be given to the following clauses while drafting a NDA.

• Timeframe of the NDA
• Duties and obligation of the parties to NDA
• Consequences of breach of an NDA
• Right to seek an injunction in an NDA
• Dispute Resolution clause in an NDA

Benefits of entering into an NDA:

• It helps to describe exactly what, the confidential matter is and helps in maintaining their secrecy. It helps to understand when the obligations do not apply and when they would terminate.
• Non-Disclosure Agreement helps in achieving the purpose of their commitments by performing due diligence in safeguarding the confidential information.
• A court cannot give relief for the breach of confidential trade secret or information if the owner of that information has ¬not entered upon Non-Disclosing Agreement. NDA is like a protection given to the owners. A court grants relief to the owner if he has taken attempt for safeguarding the confidential information.

Bad drafting can lead to confusions:

• The main problem of NDA is the difficulty to ascertain what has been covered in the contract and what has not been covered.
• Entering into a contract is easy but enforcing is difficult. This is why, entering into a contract with a good arbitration clause that ensures low cost of contract enforcement is critical.
• Wrongly drafted NDA can cause problems in future.

Milkbasket

The Indian transport market has a huge gap when it comes to reliable, hassle-free and affordable modes of commute. The public transport is overburdened, and the on-demand cab market is not affordable to the vast majority of Indian population.

Sensing the business opportunity, Namit Jain and Shanky Munoth laid the foundation for ONN Bikes. ONN Bikes is an app-based and a web-based self-drive motorcycle rental platform. By offering services such as two-wheeler leasing, maintenance and adventure touring, it seeks to solve the problem of daily commute by ensuring last-mile connectivity.

Launched in November 2016, ONN Bikes is currently operational in Bengaluru, Hyderabad, Jaipur, Mysore, Udaipur and Delhi-NCR.

Its B2B market segment caters to bike taxi companies, food delivery companies, logistics companies, and QSR Chains, among others. In fact, ONN Bikes is considered to be the only player in the B2B segment offering long-term leasing of vehicles. Its clientele boasts of Uber, Swiggy and Ola among many others.

Apart from B2B, its other market segment is B2C. On B2C side, a user can easily rent the vehicle by logging on to the website or app of ONN Bikes, where he is shown the closest pick-up location. The user then has to simply choose the date and time of renting the bike, and a specific bike available as on that particular date. Upon verification, the vehicle is handed over to the user, along with a complimentary helmet for the duration of his ride.

ONN Bikes has received three rounds of funding till date, with the latest funding of Rs. 4.5 crores in pre-series A funding. It pays a fixed return to the user at the rate of 18-20 per cent IRR, with a month-on-month growth of 25%.

With India being the world’s biggest market for two-wheelers, many other big and small bike rental players like RentOnGO, Wheelstreet, Wicked Ride, Roadpanda, Tazzobikes, and Vogo are already operating in this space, trying to capture a greater market share.

To foster faster growth and beat competition, ONN Bikes plans to foray into the major metro cities and the tourist destinations listed under Incredible India, test model electric two-wheeler and launch a franchise-based model for faster expansion.

Yet, as is with everything including startup journey, ideas are easier than implementation and it is easier said than done. With the clock ticking, it remains to be seen if ONN Bikes will taste the sweet rewards of it perilous journey.