The Global Ranking of Startup Funding Ecosystems

by G.Sabarinathan, PhD1 So, for all the excitement about being India’s Silicon Valley and so on, Bangalore seems to be ranked 33rd among startup cities in the world.  That is what I noticed from PitchBook’s (PB) survey of October 2023.2 The scoring methodology PB’s list identifies the top fifty cities in terms of Venture Capital (VC) financing activity.  And its survey ranks cities on two different top level dimensions, namely development and growth.  Development itself is measured in terms of size and maturity.  Size comprises value and number of deals…

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Sibling revelry helps foster culture connect Three sisters who are passionate about their cultural heritage launch ‘Waves of Bharat’ and credit NSRCEL at IIMB with helping them scale their venture

Waves of Bharat is a platform where culture conservation meets earth optimism. This social venture connects the dots of ecology, culture and people through awareness workshops, cultural events, Go green celebrations at ‘goshalas’, structured learning programmes, and sale of eco products — the proceeds from which are used to support its various eco-initiatives. The vision of the venture is to build a greener and compassionate world by connecting the present with the past. The founders are three sisters who are passionate about their cultural heritage and promote earth optimism as…

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Auditing homes for buyers

‘Nemmadi’, incubated at NSRCEL, empowers home buyers and here’s how… ‘Nemmadi’, which translates to “peace of mind”, helps homebuyers by conducting a technical audit of their homes using a proprietary app in conjunction with other advanced tools.  As part of the process, Nemmadi checks for workmanship in civil engineering, plumbing, electrical engineering and safety-related aspects. They also perform an analysis for any dampness that may be present using thermographic cameras. They measure carpet area of the apartment/villa as mandated by RERA.   One of the Co-Founders, A N Prakash, has over…

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Responsible hobby craft Made from natural materials like clay, sticks and stones, products from Kattoos, a start-up incubated under WSP 3.0 at NSRCEL, seek to redefine the hobby space

Kattoos, a start-up that works with women from rural areas, is incubated under NSRCEL’s Women Start-up Program (WSP) at IIM Bangalore and offers a range of green DIY hobby resources created for hobbyists of all ages. Made from natural materials like clay, sticks and stones, products from Kattoos seek to redefine the hobby space, by reducing carbon footprint, while enabling everyone to give vent to their creativity. The first Kattoos product was miniature terracotta bricks, launched in November 2019. The bricks come in five shapes and can be stuck together…

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Golden Jubilee Committee at IIMB hosts ‘The Prophet & The Poet’ Directed by founding faculty of IIMB Prof. Vijay Padaki and starring PGP alumnus Karan Singh, the play reveals rare facets of the friendship between the Mahatma and Gurudev, through a gripping exchange of letters

Independence Day celebrations at IIMB turned a tad more special with the performance of the play, ‘The Prophet & The Poet’, at the IIMB auditorium on Tuesday evening.  Designed and directed by Prof. Vijay Padaki, the play, offers rare glimpses of the exchange of correspondence, spanning 25 years, between Gandhiji and Rabindranath Tagore, and takes the audience through the heart and mind of the stalwarts, their triumphs and tribulations, their glory and grief, their dreams and dilemmas, and their delight and despair. Poetry meets philosophy meets practical wisdom, in powerful…

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RIGDAM: Guilt-free snacking anywhere, anytime

Established in 2014 in Hyderabad, Ridgeland Industries Pvt. Ltd. offers snacks made of millets under the brand name RIGDAM, which means wealth. According to the Founders Dibyajyoti Borgohain and Madhavi Pomar, RIGDAM provides ready-to-eat, affordable, tasty and healthy snacks for the entire family, for guilt-free snacking anywhere, anytime. Dibyajyoti Borgohain   “It is one of the first few enterprises which started making snacks from millets. The company aspires to make the world a better place by providing healthier and affordable snack options to people using traditionally grown super crops like…

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Learning Matters: Enhancing learning outcomes with tech tools and AI

Learning Matters is an ed-tech organization headquartered in Bangalore. The firm was founded by Ramamoorthy G (Moorthy), Gowri Mahesh and Saraswathy Ramamoorthy. Gowri, Saras and Moorthy are from the education and technology domains in which they have worked for about 20 years each. The Founders share that they focus on one of the largest problems faced by the Indian education sector – falling quality of learning outcomes in the majority of students. “We use tech tools and AI to solve this systemic problem and to scale the solution effectively, for…

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Pictures for representation only

The valuation of unicorns – A Finance 101 interpretation1

Last week a leading financial daily reported that several unicorns had suffered write downs in their valuation.   You can read it here. https://economictimes.indiatimes.com/tech/technology/blackrock-cuts-byjus-valuation-by-over-60-to-8-2-billion/articleshow/100627551.cms For those who have been observing the startup space even from the periphery, like me, this was not completely surprising.  News about write downs had been trickling in for a while from 2022.  What the news story did was to pull into one place the names of prominent venture capital (VC) funded companies and the extent of write downs they had suffered lately.  The story suggested…

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IIMB alumna Dr. Kalpana Gopalan-authored book chapter published as part of ‘Management 4.0: Empowering Managers Through Emerging Technologies’

The chapter titled: ‘Policy and Practice of Delivering Government Services through Technology’ is part of the book co-authored by Prof. Anurag Singh and Dr. Rubee Singh 5 June, 2023, Bengaluru: A book chapter titled, ‘Policy and Practice of Delivering Government Services through Technology’, authored by Dr. Kalpana Gopalan of the Indian Administrative Service (IAS), Government of India, also an alumna of the Doctoral Programme and Post Graduate Programme in Public Policy & Management (PGPPM) of IIM Bangalore, has been published as part of the book, ‘Management 4.0: Empowering Managers Through…

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Good Health through Dry Fruits: The Kharawala Products Journey

The start-up Kharawala Products is into importing and exporting dry fruits, seeds and berries. The Founder, Rinki Chandawalla, shares that their vision is to educate people about the importance of dry fruits, their quality and how much should be consumed. “We aim to ensure best quality, competitive pricing and exclusive packaging. We supply dry fruits via tender system to five-star hotels. We also sell to reputed companies and online through marketplaces. Moreover, we have started Digital Marketing for the brand. Kharawala has added more than 1000 new direct customers over…

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