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Product/Startups

How A Technology Partner Can Help Startups Overcome Tech Challenges

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Here’s a fact check for all the entrepreneurs: Each year, over 595,000 businesses fail while those that succeed only sum up at 32,000! If nothing else, this stat proves one thing- Entrepreneurship is not easy and 95% of the businesses that ‘take the leap, fall flat’. There are various challenges that entrepreneurship throws at your way and only 5% of the people are able to face and overcome these challenges. Whether you’ll succumb to these challenges or emerge victorious depend on how prepared you are! We all know that today, the biggest challenges for any startup revolve around technology. Tech challenges have drowned the boats of many startups even before they start to sail. In this write-up, we have compiled the 5 biggest tech challenges that startups face and how partnering with a tech...

Rebooting Entrepreneurial Ecosystem – Post Covid

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Pandemic is dramatically impacting entrepreneurs & businesses, moving out of COVID isn’t the end of this crisis. It’s the beginning of a new journey of thinking about their approach to over all go-to-market strategies. Also, this will be a time to reflect on their individual approach to risk. Now this pandemic is creating exponential pace of change to the society, which means the entrepreneurs who have the greatest ability to adapt will survive. It’s the perfect time to sense how the world will be different with the new normal scenario, as these differences will create new milestones for innovation, new opportunities, user adoption, team building, product or service-market fit, and venture funding There are few entrepreneurial steps you can take right now to put yourself in the best po...

NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Tech Start-up Engine During COVID 19

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“NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Tech Start-up Engine During COVID 19” underlines the perspective of Indian entrepreneurs towards the impact of COVID-19 on them. The survey analyses the effect of COVID-19 and its impact on tech start-ups. Of the survey respondents over 60% of them are bootstrapped and majority of them constitute early and mid-stage start-ups with revenue less than INR 1 crore . The report also highlights key opportunities areas where tech start-ups are pivoting towards and provide recommendations to support the tech start-up ecosystem. Key Highlights Impact of COVID-19 on Tech Start-ups: COVID-19 is the biggest challenge that India’s nascent tech start-up ecosystem has faced 30-40% tech start-ups have temporarily halted their operations or are ...

Design Thinking Approach and the Refurbishment of Product Development Process

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Over time, our views have expanded about what a ‘product’ actually means. At some point in time, a  product was merely hardware or software. Eventually, networks and services too found themselves in this sphere. The Design Thinking Approach has changed the way companies plan their Product Development or Product itself for that matter. The product development process has evolved its way through many benchmarks. Looking at the current scenario, the corporate world might have to reimagine a new product development process pretty soon. Is Design Thinking Equipped enough to help save the once day again?   Need for the Development process to change The shift from analog to digital is pretty obvious. A certain amount of Data aggregation and analysis for internal and external improvement has ...

The Last 5 Weeks

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The Last 5 Weeks The last month or to be precise the last 5 weeks have been so staggering for the human race that none of us would have dreamt in our wildest dreams that in the 21st century mankind will have to endure a situation so alarming that we yet have to find a way out of it completely. Needless to say, the impact of the #COVID-19  #pandemic has not only affected the common man but businesses have been affected even more. Be it large enterprises, small or medium, all are facing the brunt, however evidently, the lot which has taken the beating most are start-ups and budding entrepreneurs specifically in certain sectors. With investors too becoming extra cautious and funding too drying up #startups are one of the worst hit sectors in this environment. Though the above narrative is ver...

How can a Startup survive in Lockdown crises?

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The coronavirus, also known as COVID-19, has put the billions of Indians and other nations into stagnation. Also, the economy seems to be sliding down. All the start-ups and SMBs are facing the same issue as yours – how to work and deliver? Industries have been temporarily closed until the lockdown and pandemic ends. Start-ups are no exception. The devastating effects on travel industry can be clearly felt with hotels and flights closed. Some Indian leaders and startup enablers have come up together in support of startup community. Other than these, intuitive employee experience solutions like HRMS system can solve more than half of their difficulties. What basic challenges would a startup face amid lockdown? No cashflow Payroll for remote employees Employee expense Office bills Employee m...

Start-up Catalysts – Incubators & Accelerators

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Overview NASSCOM‘s “Start-up Catalysts – Incubators & Accelerators” report underlines the current scenario and growth of incubator and accelerator ecosystem in India. It covers various programs hosted by variety of operators and their key highlights. The study has analysed various key performance indicators for all programs to find their focus areas. It also provides key recommendations for all stakeholders to achieve specific targets by 2025. Key Highlights Current Scenario With 520+ tech incubators and accelerators, India has the 3rd largest number of active programs in the world 42% of the programs have been set-up in just last five years to support the needs of Indian start-ups Academic and Public Programs: 100+ academic programs incepted in last 5 years primarily driven by central...

5 Notions That Could Spoil Your Great Product Idea

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“To me, ideas are worth nothing unless executed” – Steve Jobs You know you have an incredible idea with which you could disrupt the market. But to do that, you need first to transform it into a software product. And you’re possibly wondering what the starting point is, and at what stage you need to take to the market. You’re worried because you know of people who did not make an impact despite their great idea. These thoughts are but natural and every entrepreneur goes through them. I’ve had the fortune of working with multiple founders at various stages of their product, from bootstrap to scale and even through rounds of Venture Capital Funding. And through the years of building products for entrepreneurs and conducting Ideation Workshops, I’ve come across so...

Let’s Change Agriculture to Agritech

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Agritech Series #1 Let’s Change Agriculture to Agritech Agriculture is the backbone of our country and holds a great responsibility of feeding over 1.3 billion population. A sector which cannot remain shut for a single day as seen during the recent outbreak of the Coronavirus crisis when most of the big manufacturing and other corporates are closed. Such an important sector but even then it has been working in the same ways from past many decades till technology knocked its door and changed the term Agriculture to Agritech (Agriculture + Technology). Technology is the enabler that will steer Indian farming towards an inclusive and sustainable farming to meet the agricultural requirement of the future. Numerous efforts have been made in the past to make agriculture adopt and implement techn...

Organizational Knowledge Needs Management – “Knowledge Management”

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Organizational Knowledge Needs Management – “Knowledge Management” Knowledge management is not a talked-about term in Indian industry, but it’s still a part of most of the organizations. Earlier it used to be the “want” of the organizations but now it a “need” and in one or the other way it has become part of Indian industry. Currently, many experienced companies struggle to utilize the pool of scattered information and the knowledge residing in the mature brain of the employees, but the information is so vast and vital that it needs to be brought under one roof. So, what exactly is knowledge management? Knowledge management is collating, organizing, structuring, and managing the internal information generated in the organization over the years. The information which exists in the document...