16Aug

Seed Funding from Blume Ventures, IQ for Mumbai Startup RedQuanta

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Compared to the dot-com boom (and bust) of the last decade, this one seems to be pretty nice for startups, especially in India as they are getting a lot of seed funding. Many venture capitalists and angel investors are showing confidence in startups in India. According to a post on WATblog, Mumbai-based RedQuanta, a mystery shopping audit company, has received seed funding from Blume Ventures, India Venture Partners, and India Quotient as well as a few angel investors.

Seed Funding RedQuanta

As of now, there is no information as to how much seed funding has RedQuanta received. But industry insiders have hypothesized that the funding could be in the range of a million dollars. Blume Ventures and India Quotient both are early stage investors, with the latter having being set up just a few weeks before. The mystery shopping company uses a unique and result-oriented approach.

RedQuanta was established a few months ago by Pankaj Guglani. He says, “Retail industry is witnessing a huge shift from unorganized to the organized sector. We are building our capabilities to tap this growth. The need is very evident to have robust systems for customer intelligence – systems that bring accurate predictability, access to real time information and provide actionable insights. In fact, RedQuanta is one of the first in the country to use location-aware mobile application for data gathering and for performing instant audits.”

He has previously worked with Zapak Digital Entertainment in the capacity of a Business Head. The Mumbai-based company has already managed to win nearly 50 clients. Well, the digital media industry sure is creating a lot of jobs and recruitment for digital agencies is on the rise too.

14Aug

MangoStreet.com, Indian eCommerce Site, Acquired by HushBabies

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HushBabies Indian eCommerce Indian eCommerce sites have been raking in a lot of money. There are hundreds of eCommerce sites in India and a lot of mergers, acquisitions, and takeovers too have happened. Now SutraBlog (via IDR) has a post about the baby care products site HushBabies.com, which has acquired kids wear Indian eCommerce site MangoStreet.

The CEO of HushBabies.com is Sridhar Seshadri. Not only is he excited about acquiring Indian eCommerce site MangoStreet but also wants to have a stronghold on small town India. Seshadri elaborated, “E-commerce has picked up significantly. While our core business comes from key Indian cities, big growth is being seen in smaller towns and cities.”

The cofounders of Indian eCommerce site MangoStreet are Mohit and Rahul Yadav. They will now work at HushBabies.com as business leaders and will report to Sridhar Seshadri. The eCommerce space in India is pretty hot and not only is it creating secondary industries, it is also creating a lot of jobs. Thus recruitment for eCommerce companies is on the rise too.

08Aug

Giveter: An Online Gifting Recommendation Website

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When you think of ecommerce in India, the first thing that comes in mind are product websites. However, there are very few websites that enable a user to use filters and then give recommendations. Now ex-CTO of Zomato, Avinash S and ex-Schlumberger Business Consulting Mayank Bhangadia have come up with Giveter, which is a recommendation service for online gifting, SutraBlog reports (via Pluggd.in).

If you are wondering what this recommendation service for online gifting allows you to do, well, it lets users search for relevant gifts by offering a choice of filters for the recipient’s age, relationship, and occasion. In addition, Giveter has tied up with a lot of online website/brands/physical stores. One special thing about the site is an in-house gifting aggregation team, which chooses unique giftable products. Currently, there are several different categories and some 2500 gifting options.

For payments, users are redirected to the partner site. One more thing that Giveter features is the Zip-Gift concept that lets users send, receive, and share gifts on Facebook. The ecommerce vertical in India sure is picking up fast and there are a lot of jobs in ecommerce and recruitment for ecommerce companies is increasing too.

03Aug

Skift: New Online Travel Site by PaidContent’s Rafat Ali

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Skift Online Travel When it comes to finding travel information online, there are various sources offering reviews and insights. However, there is also a need for online sources that provide data on travel. Now SutraBlog is reporting about Skift, a new online travel site by digital entrepreneur Rafat Ali. Billed as a travel intelligence media company, it offers news, insights, tools, data, and services.

Jason Clampet, who has earlier worked at Frommers, is the other co-founder of Skift, along with Rafat Ali. The Skift blog has a post that elucidates their plans. An excerpt from it reads, “What you see now, Skift.com, is just the first phase of this: a B2B news and info site for the travel industry. Skift.com is our worldview on how broadly we look at travel, and it informs how we’re building the company.”

Skift is primarily targeted at professionals in travel industry and professional business travelers, enabling them to take smarter decisions on travel. Technology veterans like Vishal Gondal are backing the venture. There is a huge impetus to the digital industry in India, with lots of jobs being created. Recruitment for tech companies has gone up too.

31Jul

Founder Institute Mumbai Startup Pitch Bootcamp, Startup Accelerator Planned Too

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When someone uses the words technology startups, the companies that come to the mind are Y Combinator, Founder Institute, or The Morpheus. Now SutraBlog (via YourStory.in) reports that the Founder Institute is planning to set up a Mumbai startup accelerator. It is also planning to host a Startup Pitch Bootcamp this Saturday evening at 5 at Xavier’s College in South Mumbai.

Founder Institute Startup Mumbai

According to the Founder Institute, budding entrepreneurs can effectively pitch their ideas if they are prepared. An excerpt from the event page reads, “In just two hours, the Startup Pitch Bootcamp will help you boost your pitching skills and be a stepping stone of your entrepreneurial journey. This intensive, collaborative workshop begins with talks by leading Startup Founders designed to help you understand the key ingredients of a successful pitch that shapes your business plan in the minds of the audience.”

What’s interesting is the lineup of speakers who will be at the Founder Institute Mumbai Startup Pitch Bootcamp. They include Faisal Farooqui of Mouthshut.com, Manak Singh of IkKa Ventures, and Anand Lunia of India Quotient. This startup event in Mumbai would do a lot of good, especially for young entrepreneurs. There are many startups in India that require talent, and thus there is a huge demand for startup recruitment.

24Jul

Olacabs iPhone App for Hiring Taxi Services in India Launched

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Olacabs iPhone App When it comes to hiring taxi services in India, there aren’t many apps available on smartphones that would enable users for hiring a cab in real time. In addition, due to the infrastructure in India and net connectivity, most apps like these work in a tardy way. Now SutraBlog reports that Olacabs has come up with an iPhone app for its taxi hiring service. The Olacabs iPhone app will allow users to see all available cabs near them, anytime.

In a blog post, Olacabs has neatly explained the way to book a cab using its iPhone app. It reads, “To book your Ola cab, all you’ve to do is tap ‘Pick me up’ and confirm. Voilà, your booking is done! No payments, no filling pick up details, no waiting for confirmation and driver details. Your Ola ride is booked with just one touch, as promised. After booking, you won’t just get the ride details instantly. You can also track where your ride is while it’s still on the way to pick you up.”

One feature of the Olacabs iPhone app that would be welcomed by users is that they will be able to call the driver. This is useful if a situation crops up where users have to give special instructions or cancel the ride. Previously, Olacabs had also released an Android app, which has been downloaded 5000 times.

Well, when it comes to mobile products and internet products, the competition sure is heating up. The same goes for hiring the top talent, and most companies are going for technology hiring solutions.

11Jul

Growth of eCommerce in India Pegged at 50%: First Data Report

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Being pioneers in eCommerce recruitment, we have seen the tremendous growth in the industry in India. The competition for talent is pretty hot and many Indian eCommerce companies are vying for the top professionals. Now Business Standard (via PTI) has an article that sources a report from industry data aggregator First Data, which places the growth of eCommerce in India at 50% this year.

The VP & Country Manager of First Data Corporation, Amrish Rau, elaborated on eCommerce in India by saying, “We do expect over 50 per cent growth in this calendar year, depending on certain sectors. The online travel-booking segment will be the major contributor to this growth. The total market size stood at Rs 46,520 crore last year, a massive jump from Rs 8,147 crore in 2007.”

Rau informed that some 81% of the market share, or Rs 37,890 crore, trickled in from the online travel industry. The other industry that is gaining traction is that of finance, as mutual funds and insurance are being bought online. Adding more on eCommerce in India, Rau also spoke about e-tailing and how it will grow at a huge rate.

With the advent of broadband connections in India and superior infrastructure, there will be an increase in the number of online shopping sites. With such a vast growth in eCommerce in India, talent will be in demand and eCommerce recruitment too will see a spurt.

Image Courtesy: freedigitalphotos.net

05Jun

Gurdeep Singh is Reliance Communications’ Wireless Business Head

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The competition for top talent in the mobile and telecom sector in India sure is heating up. The Economic Times is reporting that Gurdeep Singh is the new head for wireless business at Reliance Communications, which is the second largest telecom company in India (in terms of users). He takes the place of Syed Safawi, who quit earlier this year in February.

In his last assignment, Mr Singh was with Aircel India – as their COO (Chief Operating Officer). He has nearly 30 years of work experience in industries such as consumer electronics, telecom, and home appliances, and is a graduate of BITS Pilani. He also had a stint of five years with Hutch (now Vodafone), where he was the Director (Operations), handling the northern region.

At Reliance, Gurdeep Singh will be in-charge of driving profitability and higher revenues, and will also get a seat on the Reliance management board, which basically is the executive decision making body of all business heads. He elaborates, “I am delighted to be a part of the Reliance Group and look forward to an exciting journey in taking Reliance Communications Wireless Business to greater heights”.

The telecom sector is a great enabler of jobs in India, and industries such as Mobile Value Added Services are totally dependent on it. There is a huge competition for talent, and M-VAS recruitment companies in India sure are stretched.

07May

HR and Recruitment for Startups: The Important Factors

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Businesses these days have become very competitive and belligerent, and are always looking to decrease costs. And in doing so, they end up ignoring certain significant factors. This is particularly true with startups, which typically save costs by pumping a lesser amount of money in human resources. In several cases, the HR department is nearly non-existent. Recruitment for startups too becomes a massive challenge.

Be it an industrial behemoth, a mid-sized company or a startup, at the end of the day, is run by a ‘human’ machinery. But HR management is a very tough task. In an organization, the HR department is accountable for implementing strategies and policies relating to the management of individuals. It helps in staffing, mentoring, learning and development, payroll, and keeping a track of the policies and various procedures in the firm. Many startups wind up giving these responsibilities to an office administrator, who may or may not be equipped to address issues that necessitate a human factor, such as executive recruitment. As much as recruitment goes, a startup can ease the burden on itself by using recruitment agencies that offer low-cost recruitment or new executive placement agencies.

A striking example of this was a technology startup in India. Though it began with just four employees, the business grew in just six months. Hiring more resources proved a challenge. The CEO, wanting to avoid hiring a bad apple, decided to outsource staffing to an executive search firm in Mumbai. In just a month, they had a complete team in place thanks to the hiring agency who offered them expertise for technology hiring solutions.

What’s interesting to note from the above example is that having an executive recruitment firm is as vital as employing the services of a law firm or an accounting firm. Not only does this provide you low-cost recruitment solutions, it enables you to save a ‘seat’ in your office, as the hiring is taken care off by the placement agency. Speaking of office space, some agencies also offer plug-n-play offices that allow you to save money, especially when you are bootstrapping a startup.

A happy and a contented workforce allows a company to scale heights as it increases productivity. Thus, it is imperative for a startup to focus on human resources and recruitment.

14Apr

Awesome Plug-n-Play Startup Office For Rent In Mumbai

[mashshare]Imagine this – vibrant colours on the wall, designer modular workstations, full length windows overlooking skyscraper skyline and a huge terrace lounge to de-stress your worries.
That’s our office! We’ve got spare work stations/office rooms to rent out – here are the details below. [don’t forget to check out the awesome pictures of our office in the end ;) ]

Location Features of the Place

  • located in the heart of suburbs, Andheri-lokhandwala area, making it accessible via Bus Depot (3 mins), Jogeshwari/Andheri Stn (10/15 mins), Airport (30 mins).
  • The building houses companies other major business offices, and also a high-end restaurant on the ground floor.
  • Walking distance surroundings include malls (Mega, Infinity & Citi), best restaurants (close to 30 of them), and corporate offices.
  • The office is on the 6th floor of a commercial building with fantastic views of the andheri skyline.

Each workstation consists of

  • Maple wood desks
  • CPU trolley/cabinet
  • 4 plug points
  • On-desk Softboard
  • Comfortable adjustable chairs.
  • Ample storage space

Ready-to-use Office Features

  • The professionally designed interiors
  • 1 seat waiting area
  • Fully furnished, wooden-floored conference room with big writing board and several bean bags
  • Fully functional Pantry with fridge, microwave, water cooler, sink, etc.
  • 600 Sqft Private Terrace for recreation purpose, with designer cane furniture, and comfortable bean bags
  • High speed wired/wireless internet connectivity
  • Daily office cleaning services
  • Split AC
  • Free tea/coffee and Mineral water

Price/Details

  • Rs.5000 per month/per seat (incl. of all above features).
  • Minimum of 3 months rent in advance and 1 month rent as deposit, both are refundable if unused.

The above facility is ideal for startups or small/medium companies who want to use a small office consisting of 1-5 people. If you wish to rent an entire 5-6-7-11 seater room for yourself, we can work out some good deals as well.
To discuss this in detail, you can email Jay [at] sutrahr.com/ (or call 9221 526 099 / 9819 793 771).

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