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Indian Entrepreneurs Need To Be Better ‘Networker’ and ‘Team Builders’: Report

The survey is based on the leadership assessment diagnostic of 150 start-up leaders. The research reveals that the top 3 common traits amongst the selected entrepreneurs possess are: Achievement Orientation, Creativity and Action Orientation.

Tech

Silicon Valley’s Hierarchy Of Needs

Brian Solis surely nailed it.

FYI
Tech

Truecaller Wants To Be Your Personal Assistant ; Now Lets You Set Call Availability

The feature lets the users set their status and receive or avoid calls. The feature would show the contacts highlighted with a red status icon when they are busy and with green icon when they are free. The update is currently available only for Android users and will soon be launched on Windows.

Helpchat Acquires Hyperlocal Discovery Platform, Niffler

Acquisition will also enable Helpchat to launch its services in Pune and Mumbai faster as Niffler already has a presence. Post the acquisition, the entire team at Niffler will join Helpchat. Launched in July 2014, the startup had raised funding worth $1 million in March 2015 from SAIF partners.

Delhi Based TravelKhana Raises Funding Led By Astarc Ventures

The undisclosed amount of funding will be used to expand to 400 stations and scale operations and improve technology by end of next year. The funding was led by Astarc Ventures and some net worth individuals. Founded in 2012, it currently serves 3000 passengers a day. The firm earlier raised $2 million.

India’s Counterfeit Sales Crossed 1 trillion in 2014

Amazon India and Askme.com have started creating awareness of genuine products being sold on their websites through mass media and digital campaigns. Counterfeit and smuggled goods in certain categories rose upto Rs. 1.05 trillion which is why India is in the priority watch list of USA

IDG Ventures Will Soon Raise A Fund Of Rs 1,300 Crore

The investment firm plans to use the funds in increasing its footprint in the overseas market and reach out to both overseas and domestic investors. Ratan Tata had recently joined the firm’s advisory board, after which they approached 150 family offices and has received about 50% of the commitments.

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Tech

Facebook Rebrands Internet.org To Free Basics ; Adds More Services

Anyone currently using the app will be able to continue using the Android app, though it will now be called Free Basics by Facebook in Google Play. And the mobile web version, which will redirect from the previous URL, can be accessed at FreeBasics.com.

Uber Follows Ola; Introduces Disguised Phone Numbers

Disguised Phone Numbers shall increase privacy for Uber users and drivers.It ensures that all calls between riders and driver-partners are connected using anonymous phone numbers. This allows both sides to communicate with each other and coordinate a pick-up point without revealing phone numbers.

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Tech

Micromax Launches Super Affordable 4G Devices, Aims to Disrupt The Growing 4G Market

Micromax announces 3 new additions to its existing 4g LTE range of smartphones— the Canvas Blaze 4G, the Canvas Fire 4G and the Canvas Play 4G. The Canvas Blaze 4G and Fire 4G is a budget phone priced at Rs6,999; While the Play 4G is priced at Rs12,499.

20,000 Uber Drivers In Bangalore May Go On Strike To Protest Against The Compensation System

The Karnataka State Drivers’ Association said that it will mobilize 20,000 Uber drivers and stop services today, in a mark of protest against Uber’s alleged discrepancies in their driver payment system. Driver’s were allegedly charged Rs100 every week as Internet Fee without their Knowledge.

Tata Trusts Funds Rang De, The Micro Lending Platform

This initiative aims to offer an affordable micro-credit solutions to nearly a quarter of a million families, over the next five years. During the first year, Rang De a micro-lending platform will scale up the team and increase their crowd-funding network with an additional 12,000 social investors.

Innerchef Raises Rs 11cr From Founders Of Paytm, redBus And Others

Founded in April this year, Innerchef presently operates only in Delhi and Gurgaon and will use the funding to expand into Mumbai and Bangalore. The funding was led by entrepreneur angels Vijay Shekhar Sharma of Paytm, Phanindra Sama of redBus, and Anupam Mittal of Shaadi.com, along with two fund houses

Practo Acquires Qikwell; Expands Healthcare Appointment Booking Platform

Qikwell started in 2011, Qikwell has 100+ employees and over the last 4 years has grown to become one of the leaders in hospital appointment scheduling with presence across 250 Hospitals in 19 cities. It powers the patient experience across Manipal, Fortis, Cloudnine, Narayana Hrudalaya and many more.

Qustn Technologies raises a funding of Rs 2.6cr

Founded in October 2014, Capabiliti provides SaaS based service and helps in training and assessing their employees. The investors who led this round of funding include Snapdeal cofounders, Freshdesk founder. Google’s Rajan Anandan, Nasscom’s Ravi Gururaj among others also participated in the funding

Uber Plans to Hire Drivers From The Govt’s National Career Service

The NCS claims to have a pool of job-seekers, verified and authenticated by the government. Uber is in talks with the ministry and is “exploring areas of collaboration with the labour ministry with the goal to provide easy access to economic opportunities for drivers and individuals.

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