Deepsekhar Choudhury

All stories by Deepsekhar Choudhury

Start-up Inc urges policy push, focus on smaller towns for sector's growth

Start-up Inc urges policy push, focus on smaller towns for sector's growth

Rediff.com6 days ago

While welcoming Prime Minister Narendra Modi's announcement on Saturday to celebrate January 16 as National Start-up Day, six years after the Start-up India Action Plan was launched by the government, stakeholders in the ecosystem say that more needs to be done at the policy level to unleash the next phase of growth in the sector. "The Start-up India programme's launch in 2016 was a turning point - that is when the promoter came to be known as the founder in the country and the word 'entrepreneur' entered the common lexicon. "But now we need a Start-up India 2.0 now for the next phase of growth of the ecosystem", said Siddarth Pai, managing partner of venture capital (VC) firm 3one4 Capital. Pai says that Startup India 2.0 must look at promoting Startups headquartered in tier II,III & IV cities and solving the problems of Bharat.

Bengaluru outstrips Beijing, Shanghai in tech VC funding in 2021

Bengaluru outstrips Beijing, Shanghai in tech VC funding in 2021

Rediff.com14 Jan 2022

With $18.6 billion in investments, Bengaluru made it to the top-five leading VC funding hubs across the world in 2021 - following San Francisco Bay Area, New York, Greater Boston Region and London. However, it outstripped Beijing ($13.6 billion) and Shanghai ($13.4 billion). Global tech VC investment into start-ups hit a record level of $675 billion in 2021, doubling the previous all-time high of $340.6 billion in 2020, a report by London & Partners and dealroom.co.

Factors that spooked Paytm's market performance

Factors that spooked Paytm's market performance

Rediff.com13 Jan 2022

Paytm CEO Vijay Shekhar Sharma said on Wednesday that the company's share market performance has been in line with that of global peers in the sector over the past six months due to macroeconomic factors. "Macro factors like quantitative easing, free money due to US monetary policy and other parameters led to a spook in the market in terms of pricing the IPO. "Paytm's shares have received a similar response to that of global peers in the last six months...But that is not a complete reasoning.

UPI-like digital healthcare interface to go live this week

UPI-like digital healthcare interface to go live this week

Rediff.com12 Jan 2022

'United Health Interface is in line with UPI. UPI is a language of money transfer, similarly, UHI is a set of protocols, which is going to create a language of health service delivery'

Will content creators drive the next wave of e-commerce?

Will content creators drive the next wave of e-commerce?

Rediff.com9 Jan 2022

First it was called content-led commerce. Then it came to be known as influencer-led commerce. And its latest iteration is creator economy. This evolution of the terminology for online personas impacting buying decisions -- through blogs, memes, bite-sized videos, and podcasts -- has happened over the past five to seven years.

India's E-Commerce: Great Leap Forward

India's E-Commerce: Great Leap Forward

Rediff.com8 Jan 2022

Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.

Ola, Uber score 0 in gig worker rankings

Ola, Uber score 0 in gig worker rankings

Rediff.com5 Jan 2022

Fairwork focuses on five principles of fair gig work: Fair pay, fair conditions, fair contracts, fair management, and fair representation.

Hiring by e-commerce firms set to rise in 2022

Hiring by e-commerce firms set to rise in 2022

Rediff.com30 Dec 2021

From a location perspective, the last quarter saw Kolkata and Gurgaon as top regions for employment in these sectors and among roles, sales and office services stood out.

How India's family offices are striking out on their own in start-up land

How India's family offices are striking out on their own in start-up land

Rediff.com27 Dec 2021

Family offices are increasingly looking to invest directly in start-ups rather than through investment in venture capital (VC) firms. The shift is happening because of multiple reasons. Next-generation scions of wealthy families are conversant with how the start-up world works after they have spent time in Silicon Valley; start-up investment is rising to 10-15 per cent of family offices' portfolios from single digits; and they do not want to share gains of investment with VC firms. "While earlier they would prefer to invest in this asset class via venture capital (VC) funds as LPs (limited partners), now they are making direct investment in start-ups.

Cars24 raises $400 mn in funding, valuation up 83%

Cars24 raises $400 mn in funding, valuation up 83%

Rediff.com21 Dec 2021

Cars24, an e-commerce platform for pre-owned vehicles, on Monday said it had raised $400 million in its Series G round of funding at a $3.3-billion valuation. The company's previous funding round was in September, when it raised $450 million at a $1.84-billion valuation. The latest round includes $300-million equity funding alongside $100 million of debt from various financial institutions in India, Australia, and the UAE.

Ready for this Dabangg Launch?

Ready for this Dabangg Launch?

Rediff.com17 Dec 2021

BollyCoin aims to house Bollywood's most iconic movie dialogues, clips, and posters, etc, starting with NFTs of the Dabangg franchise.

Zomato's Goyal spells out mantra for IPO success

Zomato's Goyal spells out mantra for IPO success

Rediff.com11 Dec 2021

'I advise people to stay away from secondary IPOs. There is a big conflict of interest between the exiting and incoming investors'

'For us, there is no hurry to grow fast'

'For us, there is no hurry to grow fast'

Rediff.com10 Dec 2021

'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'

'E-commerce is primed for growth'

'E-commerce is primed for growth'

Rediff.com7 Dec 2021

'We will be wherever the consumer is.'

'Policybazaar IPO minted 70 millionaires, 350 crorepatis'

'Policybazaar IPO minted 70 millionaires, 350 crorepatis'

Rediff.com30 Nov 2021

'My father was asking me what an IPO is. He has no clue and he has never been an investor.' 'My mother, who was the one to ring the bell, has been an investor in Policybazaar for the past 6-7 years and I would say she has made good returns.'

Diwali extravaganza for buy-now, pay-later biz

Diwali extravaganza for buy-now, pay-later biz

Rediff.com17 Nov 2021

The 'buy-now, pay-later' (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially in segments like travel, food & beverages and entertainment. "We also saw an uptick of 70 per cent in user acquisition in the last two months.

'Sure we have Chinese investors, but...'

'Sure we have Chinese investors, but...'

Rediff.com10 Nov 2021

In conversation with Deepsekhar Choudhury and Neha Alawadhi, Sharma speaks about his journey and the road ahead.