How To Make A Startup Standup?
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The document discusses the concept and definition of startups, highlighting their entrepreneurial nature, challenges, and the principles of creating a viable business model. It includes examples of successful startups in India, their founders, and their impact on various industries, alongside critical elements like funding and innovation. Additionally, it outlines the typical operational issues faced by startups and offers insights on startup-related jargons.
How To Make A Startup Standup?
- 1. How to Make a Startup Standup? What is a Startup? How does Startup Ecosystem Work? Some Relevant Jargons : Incubator, Funding , Angel Investor, etc Some high class startup examples. What is the Model of Operations? Opportunities for CAs. Challenges while working with a Startup.
- 2. WHAT IS A STARTUP ? • A startup company (startup or start-up) is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process or a platform. A startup is usually a company designed to effectively develop and validate a scalable business model. • Start-ups have high rates of failure, but the minority of successes include companies that have become large and influential
- 3. What Is Startup ? – According To Ministry Of Commerce And Industry On April 17, 2015, the Ministry of Commerce and Industry released a notification to define ‘startups’. There were many points that were consistent from the speech given by Prime Minister Narendra Modi during the unveiling of the ‘Startup India, Standup India’ policy. According to the government notification, an entity will be identified as a startup. 1. Till up to five years from the date of incorporation. 2. If its turnover does not exceed 25 crores in the last five financial years. 3. It is working towards innovation, development, deployment, and commercialization of new products, processes, or services driven by technology or intellectual property.
- 7. What is Minimum Viable Product (MVP) ? • Only the Necessary items Are to considered • To be focused in “MUST HAVE” rather than “SHOULD HAVE” and “COULD HAVE”
- 10. Disruptive Startups from India A lot of startups in India have entered the industry either unearthing an entirely new market or through gaps in existing markets or product lines. Although there are many successful startups, here are five, that are growing rapidly and changing how an existing industry works in the process. Namely : Between 2010 and 2014, the infusion of VC and PE increased from $13 million to $1,818 million. Angel investment too has multiplied almost 8 times from $4.2 million to $32.2 million Housing.com - They’re growing intelligently and rapidly and surpassed all competition within two years of launch. They recently acquired Delhi-based Realty Business Intelligence for an estimated USD 2-4 million. Realty BI tracks real estate trends and creates collateral risk management tools through the use of technology. Though, recently, Housing itself has been in the news for more reasons than they probably wanted. Founders : Rahul Yadav, Ravish Naresh, Sanat Ghosh, seven others, Advitya Sharma, Abhishek Anand
- 11. • AdPushup - While ad networks have ruled the Internet for over a decade, doing all the optimization inside the ad unit including targeting, relevance, creative optimization. By optimizing the ad layout, AdPushup fights banner blindness, increasing the website’s ad revenue from existing ad networks. A transparent organization, they have blogged about how they raised their first round of funding, built their office and how they did their marketing. • Founders : Ankit Oberoi and Atul Agarwal Disruptive Startups from India (Cont’d…)
- 12. Paytm - Boasting 80 million mobile wallets and more than 15 million orders per month, Paytm has revolutionized mobile commerce in India. It’s a leading payment solutions provider to e-commerce merchants using its RBI approved semi- closed wallet, also its USP. From Domino’s Pizza to Zivame to Uber, it’s everywhere. Founders : Vijay Shekhar Sharma Disruptive Startups from India (Cont’d…)
- 13. Disruptive Startups from India (Cont’d…) Redbus - It’s incomprehensible to imagine now that there was nothing like RedBus for a long time despite the thriving existence of MakeMyTrip and Yatra. When an increasing number of consumers were booking tickets online for trains and flights, why were buses left out? This compelling question gave birth to RedBus, now acquired by the ibibo Group for $138 Million. Founder : Phanindra Sama, Sudhakar Pasupunuri & Charan Padmaraju
- 14. Disruptive Startups from India (Cont’d…) InMobi - Securing a coveted spot in MIT Technology Review’s 50 most disruptive companies of 2013, InMobi’s international acquisitions and exponential growth continues to challenge industry giants like Apple, Facebook, and Google. Their pioneering innovation in data science epitomizes typical startup growth DNA. In InMobi’s words, they’re going to, “democratize the understanding of user behavior” Founder : Naveen Tewari, Abhay Singhal, Amit Gupta & Mohit Saxena
- 15. Ola - Ola (formerly Olacabs), in April 2015, announced raising $400 million in its series E round of funding led by DST Global with participation from GIC, Falcon Edge Capital, and existing investors SoftBank Group, Tiger Global, Steadview Capital and Accel Partners US. Ola plans to be in 200 cities by the end of this year. Through “Ola Pragati” in partnership with the State Bank of India, drivers can now avail of a daily loan repayment facility and a lower down payment to buy a car of their choice. Ola aims to offer this program to over 100,000 driver entrepreneurs across India within the next two years under its expansion program. Founder : Bhavish Aggarwal & Ankit Bhati Disruptive Startups from India (Cont’d…)
- 16. Disruptive Startups from India (Cont’d…) Chaayos - Chaayos retails tea leaves, which it sources from tea estates to create its own blends and has designed innovative kettles that can deliver a litre of chai, keeping it hot for an hour and a half. The first round of institutional funding for Gurgaon-based Chaayos came as a non-tech investment. This year, Tiger Global led a $5 million financing round in this tea chain, with participation from Ola founders Bhavish Aggarwal and Ankit Bhati. Founder : Nitin Saluja & Raghav Verma
- 17. Disruptive Startups from India (Cont’d…) Rentomojo - Rentomojo, a startup pioneering an interesting alternative for furnishing homes in India, has landed $5 million in fresh financing to further scale its business. The money was provided by Accel and IDG Ventures, and it follows a $2 million raise last November from the same investors Founder : Geetansh Bamania
- 18. Idea Incorporation Day-to-Day Accounting & Compliance Funding Growth Winding Up Idea validation Business Plan Structuring Advice Registratio ns Invoicing Book- keeping Tax Compliance Project Report Revenue Model Development Investor Pitch Investor Retaltions1 Process and SOP ERP Implementation Finance Effectiveness Raising further rounds of Investments Mergers and acquisitions
- 19. Typical Issues while Working with Startups • Getting on to the startup wavelength • Explaining the benefit of systematic accounting • Explaining the Laws and Acts to the startup would be very difficult task • Collecting fee from the bootstrap startup
- 20. Some FinTech Startups…. • Payment Wallets • PayUMoney • New ways Lending Startup • LoanTap.in • Financial Investment Startup • Fisdom • Payment Settlement Startup • Screw Cash • Analytics Startup • Dataxylo • Emplay • Financial Service Aggregators • Vakilsearch • Tax Technology • ClearTax • TaxSmile • Accounting and ERP • Transact • Expenzing • Outsourcing • Transerv • O-source
- 21. Materials on Startups • Books • The Lean Startup – By Eric Ries • Poke the Box • David v/s Goliath • Movies • TVF Pitchers
- 22. 22 E-Mail : mitesh@apmh.in Mob : +91 9833777556 Web : www.apmh.in