DEV Community: Startup Paisa

Know All The Top Startup Investors From India

Startup Paisa — Thu, 13 Aug 2020 13:07:26 +0000

There are active top startup investors in India, that have become the underlying reason for the boom in startup growth. As we all know it that no startup firm can imagine rising among its competitors unless it is aided with ample seed funding. Startups are newbie businesses that are new to the market. But to establish themselves they need to get their financial backup strong. And it is only possible if they get better funding and support from the best investors. In India, startups have to really struggle a lot during their infant stage of business. Finding an investor is not that easier as one may think of. It is really not possible to think about startup instant success. Most of the startups fail due to a lack of funding and other reasons. However, there are some best examples of startups like Microsoft founded by Bill Gates, MacDonalds by Ray Kroc, and Ford Motors by Henry Ford.

The most challenging task for a startup is to gather a substantial amount of funds in developing and promoting the product. Also, they need to be unique in terms of a new concept with a big approach. But without getting proper funding, a startup tends to fail and all their hopes and dreams to make big gets shattered. However, with the emergence of Startup Paisa, there can be no issues regarding funding your startup. If you own a startup company, then we suggest you register on this platform and get the best investors to end your funding woes. Some of the top startup investors in India are Abhishek Rungta, CEO of Indus Net Technologies, Ajeet Khurana, CEO of Zebpay, and advisor at Kalaari Capital, Ankur Varikoo, CEO and founder of nearbuy.com. You can search for more names.

Some Creative Methods To Get Funds For Your Startup

Startup Paisa — Wed, 05 Aug 2020 07:44:29 +0000

Every startup owner has to seek funding options from time to time. From new product development to backing your business growth, you need money for various purposes. Now, the traditional funding alternatives may work for some entrepreneurs, while others could have a problem in securing them. Some founders go for banks, which later denies giving them loans. A crucial thing to understand here is that loans are not that effective, and there are a lot of creative alternatives for supporting your startup. In this article, I will tell you some creative methods to get funds for your startup. So, let’s get started!

Top 10 Creative Methods To Get Funds For Your Startup

Personal Financing
Many startup owners may not find this one creative, but there is a lot of creativity within it. See, you are the only one who decides how to fund and how often to fund your business. No one is there who puts restrictions on fund allocations. Thus, you finance your startup the way you exactly want to do.
Friends And Family
There is no guilt in asking for seed capital from your friends and family members. In most cases, they will likely apply their resources to your startup. An advantage that exists with this option is these individuals don’t ask for any financial contracts. But, a limitation is they can offer funds that aren’t enough for your seed capital. Still, friends and family members are ready to help you.
Personal Credit Lines
Almost every startup owner today is capable enough to apply for personal credit lines. Anyone can obtain a credit card by showing a few histories of his or her business. Many new founders have launched their companies by using their plastic cards. With this method also, you are the one who puts control of funds.
P2P Lending
It is a funding method where some people build an organization and help each other. This world has a lot of examples of such companies that started their journey with Peer-to-Peer lending. Being a startup owner, you should follow such organizations so that you secure some notable investments for your startup.
Crowdfunding
You may have heard about crowdfunding platforms where an entrepreneur receives funds by offering some product samples or incentives. There are hundreds of crowdfunding platforms for startups in India. Here, the more you are creative and promising, the more investments you secure for your startup. Bring a brilliant idea to them and ask to support it with their finances.
Microloans
Many organizations exist that offer microloan for new startups for a considerable duration. Their primary goal is to promote every business idea. Some of them can offer $35000, while others can offer up to $50000. Entrepreneurs who fail to get loans from the bank can go for this option. They will likely help you with some significant investments in your startup.
Vendor Financing
Quite often, you require tangible products to fill your inventory, and you convince vendors to yield your returns until you sell the products. Vendor financing can make an extension of a month for you, depending on the worthiness of your credit and additional costs.
Purchase Order Financing
A common issue that arises among all startup owners out there is they don’t have enough cash to create new products on a fresh big order. In such a case, Purchase Order financing firms can help you out. These organizations give funds to the suppliers, thereby finishing the deal and benefiting your startup.
Factoring Accounts Receivables
This method is very much similar to Purchase Order Financing. The only thing that makes Factoring Accounts Receivables unique is they apply to all the due amounts not received from purchasers. For startup owners that are looking to expand their startup in a short time, this method is fruitful. Also, it won’t take too long.
Investment Retirement Account
Last but not least, we have an Investment Retirement Account. The method is quite accessible to all startups owners in today’s competitive time. In this process, several individuals who trust you fund your startup for a particular duration. You can reap lots of benefits from this business funding method.

Final Thoughts
So, in this article, you have seen some creative methods to get funds for your new company. I haven’t spoken about angel investments, startup incubators, etc. because they can take a lot of time for new startups. They analyze your startup thoroughly and come to a fair decision after a long time. You should know that a delay can kill your chances to live your startup dream. Many startups failed just because their owners failed to make them survive with seed capital in the market. Also, the market does not favor some businesses. Lastly, I will like to say you should follow these creative methods to start and grow your business as early as possible.

Reference Url:- Startup Piasa

The Importance Of Angel Investors For New Startups

Startup Paisa — Fri, 24 Jul 2020 07:47:07 +0000

Every entrepreneur is well aware of investors who love to invest in new risky businesses. These prominent individuals are known to convert new ventures to significant players in the market. Yes, I am talking about angel investors. From Ola, Uber, Myntra to Paytm, Paypal, etc. all companies became big when angel investors backed them with their investments. Many times, being the owner of a new startup, things start getting tricky for you. Angel investors are some of the best managers. The more we learn about them, the more mysterious they become. In this article, we will try to understand the importance of angel investors for new startups.

Importance of Angel Investors For New Startups
What Are Angel Investors?
Let’s first understand some basics about angel investors. Angel investors are filthy rich people who invest in startups for equity. They can offer seed capital from a million dollars to 10 million dollars. However, while giving so much, these investors have their sixth sense always activated. Ordinary investors may lose money, but when it comes to angel investors, their chances of winning are at 99 percent. An angel investor takes a portion of ownership in your company after giving money. He or she guides you so that you gain some immunity against unfavorable market conditions. You must always seek them for your startup benefits.

Benefits Of Angel Investors

Angel Investors Are Risk Takers
New owners forever dream of people who will take risks with them. That’s why they prefer to get angel investors for startup instead of banks and other financial institutions. Angel investors have their personal choice. They handle your startup as well as their investments with perfection. You start nurturing from the guidance angel investors provide to you.
Better Network
No matter how hard work you put while forming a business network, obstacles will arise from time to time. Sometimes, no one shows interest in your business. Speaking of angel investors, they are always ready with a helping hand. They also let you take advantage of their resourceful business network. A business network is necessary for you to expand.
Better Management
Quite often, new companies fail because of poor management. It’s pretty reasonable as you are new in the business world. Angel investors come with diverse experience from different industries. They know what to do and what not during a series of difficult situations. Therefore, you must have angel investors behind your business.

Startups That Went Lucky By Angel Investments
Like I said before, angel investors skyrocketed the growth of many startups. Here, I have listed five startups that went big by angel investments.

OlaCabs- The largest taxi aggregator in India, OlaCabs, was supported by Anupam Mittal from India. OlaCabs expanded dramatically after gaining some angel investments.
YourStory- YourStory went big when TV Mohandas Pal fueled it with his investments. Nowadays, the platform is spreading like wildfire.
Unacademy- A paid-learning platform for all students and competitive exam aspirants. Girish Matharubootham, an Indian angel investor, supported it.
Myntra- Anand Ladsariya made some significant investments in Myntra, a popular ecommerce platform in India.
OYO- OYO is a big name in India. Sanjay Mehta, a reputed angel investor from India, supported it.
Where To Find Angel Investors?
The easier it is to seek help from them, the harder it becomes to find them out. Still, many platforms exist where you can search for angel investors. One thing to remember is the type of investors you are exploring. Angel investors have different tastes. Some go for tech startups, while others may love to spend in the financial industry. Whatever happens, never try to approach wrong investors. By doing so, you are wasting your valuable time. Also, while approaching investors, find out their background. Today, there is a huge possibility of you approaching the wrong people. Everything seems fine with them at first, but after some months, you will face several problems. In case you have your network, ask people about where to find them. Chances are, you will get one or two from it. Start registering to social media platforms, especially LinkedIn. LinkedIn has an influential social network where entrepreneurs and other people interact with one another every single day. The platform has made many things for entrepreneurs quite easy.

Final Thoughts
In summary, we have seen the importance of angel investors for new startups. A startup journey is never going to be easy, get this down in your mind. Most importantly, stay prepared before starting your new business. You will find angel investors if you work hard every time. There are numerous funding sources such as VC companies, startup incubators, accelerators that can help you kickstart your project. However, angel investments can make you fortunate within a short time, and at the end of the day, you will see more success in the future.

Reference Url:- Startup Paisa

Top 10 Booming Industries For Startups This Year

Startup Paisa — Fri, 17 Jul 2020 11:48:22 +0000

Any startup has a lot to do with its industry. An industry can have a safe and adverse impact on its startup. Today, only one startup out of a hundred is successful. The rest of the others fall sharply for some reason. You will get to see a plethora of industries in India and many other countries. According to the market, all industries rise and fall. Demand and supply have a significant role to play in market uncertainties. Many people today want to know about the best industries for this year. So in this article, I will tell you about the top 10 booming industries for startups in 2020.

Top 10 Booming Industries For Startups In 2020

Bottled Water
The business of selling water in bottles is quite old. But by 2020, it is one of the most discussed trends. Nowadays, this business is growing like wildfire in the largest cities of India. Getting clean water has been negligible at these places. Because of this, the demand for bottled water is increasing.
Self Improvement
Nowadays, this business is showing its strength because people feel very stressed. A person living a modern lifestyle has to deal with many issues. No matter how much money you earn, self-improvement will always be a concern for you. In the future, the industry will continue to grow.
Software
In the software industry, demand has been in place since earlier times. People do jobs, and their companies need software. This year, the demand in the software industry has increased very rapidly. But this demand has increased only for some software. The other software tools are following the same pace.
Medical
The medical sector has seen a rapid boom this year. The demand for medicines has increased, and we have never seen such a rise in previous years. The truth is that this field can never see a decline. There are very few chances that we will see even a slight fall in this field.
Nutrition And Well Being
This industry is somewhat different from the medical field. The demand for nutrition and good health increased dramatically as the health concerns arose this year. Yoga and meditation also come in this field. The industry is hoped to boom in the coming years as we all will face new diseases in the future.
Education
Education is an ever-green field, which has grown a lot this year. People love to learn about current issues and tech trends on the internet. Instead of going through the traditional book, they all love to download ebooks. With that trend on the rise, the education sector will also grow in the future.
Home Organizing
Everyone loves to organize the place where he or she lives. Home organizing includes all the interior designing, exterior designing in several formats. Gone are the days when people love to reside in old fashioned houses. Today, the home organizing industry is growing, and that too at a quick pace.
Personal Finance
Money has always been a human need. Nowadays, to fulfill every demand, we need money. The requirement for personal finance has also increased because people live a lot more sophisticated life. Also, due to the increase in demand for startup funding, this industry is growing very fast.
App Development
App development is a significant part of the software industry, but it is still a little different. People are getting attracted towards apps as smartphones have taken over this world. Now everyone spends most of the time in apps. Therefore, the demand for app development is increasing.
Internet
The internet industry is growing very fast. This industry is such that it has never seen a decline. All internet companies in India have shown their best performance in just a few years. If people want to progress, they will have to connect to the online world. This industry will also grow in the future.

Final Thoughts
This world faces recession from time to time. Some industries fall, while others arise. We have seen this happening from time to time. In this article, we have focused on the top 10 booming industries that can prove beneficial for your startup. After doing more research on these areas, you can now kickstart your project. These industries are going to spread rapidly. Your success depends on entering at the right time in the right field. The industries that have seen a significant drop this year are the hotel and travel industry. Apart from these, the food processing industry has also slipped from its way. But, we can expect that these industries will slowly recover in the next few years. Finally, I would like to say that you should start your business with the right decision so that you see excellent results in the next coming years.

Reference Url:- Startup Paisa

Here Is How To Determine The Right Time To Start Your Business

Startup Paisa — Fri, 10 Jul 2020 11:56:07 +0000

Many people have heard that startups make a lot of revenues. But, a few of them are aware of the hard work required behind them. One cannot expect a startup to develop in a single day. Other than this, new businesses get affected by a series of other factors. One of them is the time you get started with a new business. Timing is so critical that it can make or break your startup. Startup owners must always consider the best time to start their business to become successful. Determining the time appropriate for your business could be quite confusing. In this article, I will tell you some ways to determine the right time to start your business.

6 Ways To Determine The Right Time To Start Your Business

Analyze The Market
Analysis works everywhere. It has always been a crucial process in every field. Start by examining those trends that favor and affect your business. Different startups could be related to various industries. In case the trends are working well in the market, you can start a new business. Otherwise, you can wait for the time till the market comes in good condition. By doing so, you protect your company from many uncertainties.
Be Alert
Not being alert is always dangerous for your startup. Sometimes, everything goes well, but you are not aware of them. Many startup owners fail to get this and wait for the right time. As a result, the right time goes out of their hands. You should start as soon as possible while keeping a sharp eye on all your potential competitors. Above all, you must be alert all the time.
Find The Demands
Demands drive the businesses in the market. Being a startup owner, you should determine whether the requirements are rising or falling. The falling condition may not be the best bet for you. To comply with such situations, you may have to bring some changes in your business. Your products or services should relate to what the people want at that time.
Professional Help
The availability of professional help is a factor that helps to determine an appropriate time to launch a startup. You can search for them at your place or on the internet. It is always better if you find them in your locality because the online world is full of scams. Anyways, if you feel you can secure a perfect professional help, just get started with your business. Chances are you will not find them the next time.
Funding Support
Funding support is always required. How finances affect your business start time is quite confusing. But we will try to get to this one. See it in this way that some people start a business when money is being invested in the market. At that time, the chances of a startup to grow gets high. For many startups, this factor works best because entrepreneurs seek people who invest in new startups.
Business Plan
People come with different business plans, but a few things work for them. It is also possible that your business plan is out of the world. A brilliant idea always works, and you don’t need to determine the right time in such a case. Few people know this because it is not so easy. Whatever happens in the market, a perfect business plan will always work for you, and there is no doubt about that.

What To Do If You Aren’t Able To Determine It
It can happen for plenty of reasons that you fail to determine the right time. You can pause for a month and take things further after the span of some time. Business analysts and marketing professionals can help you in difficult times. They are mostly aware of what could happen or what could work for you in the market. Never hesitate to take help from them. You can also bring up your business idea to the crowdsourcing platforms. Such platforms help people understand your business. They can help you out because some of them are successful leaders who used to be the startup owners earlier.

Summing It Up!
From this article, you must have understood the factors that determine the best time to start your business. Never fear while you kickstart your project. The world is full of examples of startup owners who quickly became successful in the market. Some are such that they made their fortune at the time of recession. The factors I have shared above can help you in tough times. I also insisted that you should feel free to take help from others. Who knows what will work for you. Sooner or later, you have to launch a new company. Most importantly, work hard because it will take you to the next level of success.

Reference Link:- Startup Paisa

Top Ways To Seek Investors For Your Startup In 2020

Startup Paisa — Fri, 03 Jul 2020 09:42:55 +0000

In today’s time, an entrepreneur has to cope with thousands of issues, among which, seeking investors seems to be the most difficult one. The fact is that the business world consists of thousands of failures. Only 1 out of 100 startups emerge to be successful by going through tough market conditions. Whatever the situation may be, it’s always good to pursue startup dreams. As nothing comes with pain, some young founders confuse themselves when it comes to startup funding. There are several ways that can help startup owners secure the necessary capital at the right time. In this article, I am going to describe the top 10 ways that will help you seek investors for your startup in 2020.

Top 10 Ways To Seek Investors For Your Startup This Year

Be Clear With Business Plan

Make sure your business plan is feasible before approaching investors for startup funding. You should be able to explain how it will operate and offer benefits to them. Even the most confident entrepreneurs sometimes find it difficult to communicate the whole process. Thus, take some time and know what to tell.
Join Online Communities
The internet is full of all types of communities. Online communities are the first ones to open doors for you to live your startup dream. As an entrepreneur of a fresh venture, you should start joining communities and interact with people relevant to your industry.
Start From Savings
Yes, it’s always a nice idea to kickstart your project journey from your own money. The idea is quite common in the world of business as most entrepreneurs fail to get secure investments on time. Many startups launched successfully when their entrepreneurs fueled them with their own savings.
Approach Crowdfunding Platforms
Crowdfunding platforms allow you to openly communicate with people and investors. In this process, you offer some demo products to people and then ask for funding support. Crowdfunding is unique because you get investors as well as potential customers to become a part of your business.
Seek Strategic Partner
Some entrepreneurs who started with a strategic alliance with the likely minded organization or people went big within a year or two. In this competitive world, getting started without any help is difficult quite often. You should start looking to secure some strategic partnerships instead of managing everything alone.
Prepare Your Marketing Budget
For every company, marketing is required to expand and survive in the market. A part of the budget is always allocated to implement marketing strategies. Although traditional marketing can be expensive, you can go for digital marketing since it is cheaper and more effective for brand promotion.
Ask From Friends And Family
Your closed ones are forever ready to help you in every possible situation. If you approach them for financial support, they could or could not ask for any stake in your business. Also, while giving money, they don’t have a long list of questions to be answered.
Angel Investments
Angel investors are experienced and rich personalities who love to invest in startup companies. These individuals are known for taking risks with some of the most unstable tech startups. Not everyone can become an angel investor because not everyone feels comfortable in taking risks.
Serve Your Needs
You can replace some outsiders serving your startup by your own services. Because you are a newbie or someone with a little experience, serving your own needs will cut a tiny portion of your expenses. Some business leaders have applied this strategy when their startups were at their initial stages.
Use Social Media
Besides search engines, social media has the power to drive a huge amount of traffic to your platform. Companies, whether big or small, have their profiles on social media platforms. Here, entrepreneurs can easily find and connect with looking for angel investors and other types of investors.

Why Is It Difficult To Get Funds?
People always desire to go for the best startups to invest in their money. Although determining the future of anything is impossible, people have gained some knowledge and they somehow manage to predict the outcome. In case you are approaching a single investor, he or she will already have hundreds of investment opportunities to choose from. Thus, a combination of hard work and smart work will work for you.

Conclusion
The reality is entrepreneurs have to struggle a lot while asking for funding support. More and more startups are getting launched into the market every day. The tips I have provided above can help you seek investors for your startup in 2020. Gathering funds will be easy for entrepreneurs who first interact with people and then ask for support. If you are someone who is confident with his or her plans, I am sure that everyone out there will come to help you. Always remember that a reliable founder goes a long way at the end of the day.

Reference Url:- Startup Paisa

This is How VC Firms Can Help You in Startup Funding

Startup Paisa — Fri, 26 Jun 2020 08:51:59 +0000

VC firms or Venture Capital firms have existed from the time startups required seed capital to get the funding support. These organizations are identified to support business at many stages. VC firms contain a set of companies that are willing to offer money to startups which are all set to get into the market. Earlier, VC firms have supported several startups that we know now as one of the biggest players in their industry. Still, the question of how VC firms help in startup funding remains unanswered. In this guide, I will throw some light on how VC firms can help you in your startup funding.

How VC Firms Can Help You

Two key aspects play a crucial role when it comes to VC firms funding your startup. The two key aspects are limited and general partners. General partners are the individuals who are involved in managing communication between startups and investors. They are responsible for initiating and making terms and agreements successful among both of them. Limited partners are all the investors or investment bodies that will provide money in the form of seed capital to the startups. However, the organizations offering seed capital could or couldn't be the partner of VC firms. This makes VC firms unique from other types of investors.

On the other hand, startups should be able to convince VC firms to offer money to them. Startups should have certain qualities that make them appear as a golden choice of investment. VC firms are very good at making profitable investments in these startups. Due to such ability, they are able to profit both the limited partners and startups.

How Venture Capitalists Earn Money

These organizations could have a vast amount of money to make startups successful. There are two ways by which VC firms can make money.

Management fees- The management of startup assets by the professionals could have some expense. This expense comes under the management fees. The management fees are paid at 2 to 3 percent of capital gained from VC firms. Carry- Carry is defined as the profit or share given to the investors after the investment is made successfully. Lots of money is earned by Venture capitalists with these profits.

Influence of VC Firms On Startups

Startups have always benefited by taking help from VC firms. I also mentioned before that some of the tech startups emerged as global players in the market. The general partners could be professionals that are ready to help startups with other resources besides funding. These professionals generally have a network that could include other successful entrepreneurs and angel investors. Startups should also know that VC firms have a life span of 10 years. After that, they will try to look for the exit plan. However, these organizations could help startups indirectly. VC firms are a lot busy while seeking other better investment opportunities.

List Of Top VC Firms

After you have understood how VC firms help startups, it’s good to know about some of the best VC firms operating around the world.

Accel- It is an organization that is active from the very beginning. The firm has supported companies such as Facebook, Braintree, and Dropbox. Accel is an expert in understanding the strengths and weaknesses of the entrepreneurs.

Andreessen Horowitz- It is a VC firm which is located in Silicon Valley. This organization has invested in OfferUp, Everlaw, Allset, and so on.

Benchmark- It is a VC firm that is mostly interested in tech startups. Some of the startups it has supported are Digits, Docker, and Modern Treasury.

Index Ventures- This VC firm has shown interest in technology and biotechnology. Some of the startups it has invested in are Fast.co, Collibra, Double, and so on.

Sequoia Capital- This VC firm has its offices in several major countries. It has helped startups like Tecton.AI, Knowde, Limbix, Robinhood, etc.

Bessemer Venture Partners- Bessemer is located in New York. This VC firm has invested in Okera, Shippo, and Axonius.

Founders Fund- This organization is located in San Francisco. It has invested in PsiQ, Motherly, and SpaceX.

GSV Capital- GSV Capital has mainly focused on China and the U.S.A. The VC firm has invested in Coder, EOI Technology, and Frubana.

To Sum Up

Until now, you would have known how VC firms can help you in startup funding. You should always approach them, as these organizations are always available to provide funding for new startup companies. If you have a better business plan, investors will always come to support you. VC firms have the power to make your startup a successful player in the market. However, care should be taken while agreeing with the terms and conditions. Don’t allow investors to take a larger percentage of stake in your organization. You can play safe by clearing all the doubts from the very beginning. Doing this will always be beneficial for your startup at the present and in the future.

Reference Url:- Startup Paisa

Amazing Benefits Government Offers To Startups In India

Startup Paisa — Fri, 19 Jun 2020 09:56:24 +0000

India is a nation where startups can emerge and reach every corner across the globe. Many prominent names like Tata, Reliance, and others started their journey from here and managed to spread their business everywhere. In India, the government has helped millions of startups to serve people and become part of the economy. Although crowdfunding for startups in India is easily accessible which prepares a suitable environment for these businesses, still, the benefits the government offers to startups here cannot be ignored. In this article, we will learn how startups in India get benefits from the government.

Benefits Government Offers To Startups In India

Simple Online Registration
Earlier, it was not easy for startups to go through the entire registration process. Entrepreneurs faced a series of difficulties at that time. Now, the government has introduced an app for registration, hence making the whole process online. Anyone looking to start a business should fill a simple form and provide necessary documents.
Lower Fees
For startups, trademarks and patents are readily accessible by the government. Now, the patents are examined at low fees. Besides this, all the facilitator fees are paid by the government, while the startups bear only statutory fees. As a result, over 70 percent of the fee burden is reduced for the startups.
Funds Are Easily Accessible
The Indian government has an enormous capital, about ten thousand crore rupees for startups in the form of seed capital. In addition, financial institutions other than banks are encouraged to help startups with necessary funds and other resources.
Temporary Exemption From Tax
Startups in India are exempted from taxes for three years while getting ready for the market. The three-year exemption period is termed as a tax holiday. However, they are required to receive an IMB certificate to take advantage of the tax holiday.
Tenders Are Accessible
Government tenders are readily accessible to startups. Now, new companies can apply for them without showing any current turnover and prior experience in the relevant industry. This is a great advantage of starting a business in India.
Research and Development
Research and development are crucial for any startup to expand its business. Therefore, the government is working on several research parks that will offer all the necessary R&D facilities for all the industries.
Compliances Are Simplified
Compliances were time-consuming for startups a few years ago. However, the government has simplified them at present. Startups can now save money and time. According to the government, startups need to comply themselves by certifying through the mobile app.
Benefits For Investors
Investors get tax benefits from the government while investing their money on startups. They are free from any form of tax while gaining capital. Such a facility allows startups to attract investors every time they will need money.
Choose Investors
Startups are now free to choose any type of investor. Depending on the financial situation, entrepreneurs can go for angel investors, startup incubation support, accelerators, banks, VC firms, and other organizations.
Easy Exit
If a startup wants to close its operation, it can apply for its closure within a period of 3 months. This makes it easy for a new business to make an exit in case it faces any loss or due to other reasons.

Success Of Startup India Scheme So Far
Startup India has played a crucial role in driving the enormous economy of the country. It has given a significant push to the innovative spirit in the market and industries. Many tech startups emerged which offered jobs to millions of people. Today, more than 50 percent of young professionals are from the IT sector, directly or indirectly. Bangalore is a city where every 3 out of 5 company is working on web development or any other new technology. Almost, all startups prospered there when the government supported them with the necessary funds and resources. In addition, the government worked on development schemes where nations like Japan, Germany, France, and all SAARC countries could invest their money in startups in India. Although countries are ready to put their resources, a significant issue exists from the part of the bureaucracy and politicians. Due to their pressure, some startups fail to get along into the market. Still, despite such obstacles, India can be a great startup platform for most of the entrepreneurs.

Conclusion
Entrepreneurs can reap several benefits while starting their business in India. In this article, we have seen how the government is backing all startups in India with various programs, particularly Startup India. Besides this, owners can go for any other startup investment platform. We also observed the IT industry has grown massively, creating millions of jobs. However, India is not only for all about the IT field. Other industries such as banking, finance, food processing, ecommerce, healthcare, marketing, etc. are getting traction on a large scale. So if you are looking to start a business, then the government is always there to support you in India.

Reference Url:- Startup Paisa

10 Ways That Could Help Startups Expand Their Business

Startup Paisa — Fri, 12 Jun 2020 09:26:17 +0000

In today’s world, entrepreneurs are looking to keep themselves ahead in the market. While encountering extreme competition in the market, they wonder how to expand their business. Every single day, millions of startups rise and fall all around the world. A majority of founders get overwhelmed when they fail to get the desired results, which is quite common. However, with the right attitude and strategies, everyone can scale up their business. In this article, I will describe some ways that could help how startups expand their business in a short time.

Top 10 Ways That Could Help Startups Expand Their Business

Make Strong Relationships With Customers And Partners
Both customers and partners add value to your business. Believe me, if your business has no value to offer, it will not expand. It’s crucial to pick up good partners who can help you lead the way. On the other hand, you should be trustworthy so that new people get added to your business.
Learn Fast Grow Fast
It’s crucial to become a fast learner in the world of business. You will be nowhere if you grasp anything gradually. The truth is if you learn fast, you will go big quickly. This is the only quality that allows you to beat your rivals and get ahead in the competition.
Evolve With Time
As time passes by, you need to evolve yourself with it. Although there are always some ups and downs in the market, it’s important to grow with time. After spending some time in your industry, everything will become normal for you.
Know Your Customers
Your customers are the ones who will grow your business. Many owners who feel they are in business to earn money are greatly mistaken. The truth is, customers can make or break your business. Thus, you should be dedicated to serving your customers well.
Increase Your Engagement
Social engagement is necessary if you want to be a successful founder. Platforms like Facebook, LinkedIn, and Twitter are always the best options for you to communicate with people. Your company will become popular if people know you on these social media platforms.
Be Smart While Spending
While scaling their business, many owners spend money like water. As startups are very new, care should be taken while getting funds from investors. Try to spend as little as possible because you could face tough financial situations. Also, seek financial support from time to time.
Don’t Get Distracted
Distractions can make you lose trust after some time. They will come again and again as obstacles in your startup journey. Your job is to ignore as many obstacles as you can while getting ahead. Also, competition can break you down, but you need to get up every time
Believe In Your Team
Your team is the backbone of your startup. A strong team is all that is required to live your startup dream. They will help you expand your business the way you want it to expand. Moreover, find new team members that have some experience in the market.
Do What Is Working For You
Some of the strategies might work better than others for your business. Don’t try to mess up with things that are not working. Also, look for the other ways that could help you improve your business performance. You will know what is working and what is not working after a few months.
Use Digital Marketing
Last but not least, use digital marketing. Digital marketing has the power that can allow you to dominate the market. In comparison to traditional marketing, it is relatively cheap. Several experts have assured digital marketing to help you boost your revenues.

Why Startups Fail To Grow
Until now, we have learned about expanding the business. Still, some of the startups could fail to do so. One reason is they lack proper guidance, which is necessary if you are new in the corporate world. You can approach incubation support, angel investors, and other such professionals or organizations that can help you in funding your startup. Most importantly, try to keep your foundation strong by combining all the strategies that I have mentioned above. Foundation is very crucial to make your business ready for growth.

Final Thoughts
Here, I have shared top10 ways that could help startups expand their business. Nowadays, new startups are getting into the market. All of them are ready with their skills and potential. However, some of them are able to reach their desired goals. Their entrepreneurs always stay motivated in every good or bad situation. If you have low confidence, how will you survive in the market? It’s important to keep your mind healthy and full of ideas. Those who give funding for new startup companies are always happy to help strong leaders. In order to emerge as a strong leader, you should never be afraid of taking risks. Lastly, have a strong belief in yourself as belief is what allows you to realize success.

Reference Url:- Startup Paisa

Facts You Should Know Before Starting A Business

Startup Paisa — Fri, 05 Jun 2020 09:09:24 +0000

Nowadays, the number of startups is gaining pace in the market. Some of them are coming from the USA, some from China, India, and many other countries. People love to pitch their ideas, for that, they start providing the services through their business. They also struggle to find individuals who provide funding for new startup companies. Although money and customers are crucial, still there are other things to consider facts before starting a business. You should know the facts I have listed below before even thinking of getting further.

Facts You Should Know Before Starting A Business

Idea Is Not Everything
You are greatly mistaken if you give too much importance to what you think. The truth is, you are not aware of how things work in the market. The industry does not always remain the same. Every now and then, some new trend comes and breaks down a tradition. Also, catching up with what customers want is better than analyzing what customers could demand.
Presentation Matters
The way you show yourself to the audience is what really matters in a business. This is the time when you will be selling your skills and values. On the other side, pitching investors would be difficult at an early stage. Still, presenting you and your business cleverly will surely make them do some favor on you.
Strong Visibility Takes Time
Many times, it takes years for a startup to emerge as a successful player. Yes, it’s true that you will not get any attention from two to three months. This world is a place where millions of businesses develop and fall every day. You never know what great or deadly is coming for you. After surviving a year, you will know how far you are from significant visibility.
Power Of Being Personal
Following someone’s idea might be risky if you don’t have any experience. Those who have their own brand in mind will break some tradition once they get successful. But, never lose hope as anything is possible. Sometimes, adding new choices to existing products can give you a remarkable achievement in a short time.
Healthy Mindset
Sometimes, starting a business can be more difficult than landing a decent job. Mind and body should work well if you are starting a venture in the corporate world. It’s not necessary advice, however, staying fit and healthy is always good every time. Stressing too much is what makes you end up before even getting started.
High Expectations
As I have said before, the world is full of challenges and pains. However, knowing what is painful is better than dreaming to become rich quickly. Doing research by yourself can keep some of your obstacles at bay. In addition, you should be patient enough to let things work for you.
Find Your Talent
You should know what your talent is as talent always wins. A majority of entrepreneurs follow their minds and fail to tap into their potential. For example, you can work on your services or prices while initiating your business plan. In short, focus on things that could make your future bright. You can ask your close ones about what could make you better.
Accept Failure
Startups fail most of the time, and you should know that. Even the tech giants like Google, Facebook, Apple, and others faced tough times every now and then. You should be ready to face all ups and downs during your journey. Obstacles always come from time to time. They are good to make you realize what to do and what not to do.
Don’t Fire Good People
Yes, you should never let good people go away from you. Such a person could be your employee or a financer or a business partner. Nice people are hard to find these days as everyone is looking to get ahead of one another. Also, stay motivated all the time. It is enough to keep you motivated with your business.
Hard Work And Smart Work
Hard work and smart work are two different things. If you are in business, hard work is necessary all the time. However, doing something that could be considered a smart move is frequently required. It will allow you to have an advantage over your competitors.

Conclusion
Startups are not easy to get started with. Most importantly, you should definitely seek a startup investment platform to get the required funding support. Funding is required quite often. You should know all the facts before starting a business as they will guide you with the entire journey. Countries like India are very good for business to grow. You can also secure the resourceful network as well as seed funding for startups in India. If you are confident about what you are doing, everything will get easy for you and your business in the future.

Reference Link:- Startup Piasa

A Detailed Explanation On Startup Incubators

Startup Paisa — Fri, 29 May 2020 08:10:47 +0000

Startup incubators have been around from the time when companies started joining the corporate world. These organizations are known to offer seed capital to startups that are all set to serve the customers. Entrepreneurs today might get stuck with their startup journey due to a lack of efficient funding assistance. They can start seeking angel investors, accelerators, VC firms, etc. Although each of them has its own benefit, you should know the potential of startup incubators. In this article, I will give a detailed explanation on startup incubators.

A Detailed Explanation On Startup Incubators
Startup Incubators
These are some modern organizations that offer startups with necessary resources so that they could run their business smoothly. Startup incubators are known for giving the guidance required from the time a startup begins its journey to the time it emerges as a successful one. The resources offered by them can range from office space, seed capital to the network of other investors and potential customers. However, the most important asset they possess is the years of experience to build a successful business.

Popularity Of Startup Incubators In India So Far
Startup incubators have shown popularity while offering seed funding for startups in India. Several startup incubators exist in India which are supported by either government or private organizations. Among them, some are focused on a single industry, while others might be available for every industry that exists in today’s modern world. You should have a brilliant business idea and startup incubators are always there to help you. All the metropolitan areas have startup incubators to back startups from all over the country.

4 Different Types Of Startup Incubators

Incubators Backed By Government
These are the incubators that are ready to offer seed capital to startups which seem to have a bright future in the country. Mostly, tech startups are the ones who are able to secure investment from government bodies. Tech startups have already gained traction in the country, and startup incubators are ready to help them with all the resources. The most famous startup incubator by the government in the country is Startup India.
Incubators Backed By Private Organizations
Some private organizations might feel other startups could have more potential to give more benefits in the future. Thus, they start investing in some of the new businesses. Besides tech startups, incubators supported by private owners could also back retail solutions. Startups working in the retail industry have a huge chance to grow in the country.
Academics
Academics have always been a popular choice of investment among several startup incubators. Some of the IIMs are ready to provide education and experience in the field of healthcare and management services. However, they are not willing to offer money as openly as other startup incubators we have seen before. Startup incubators backed for academics are more involved in providing industry knowledge.
Corporate
This is the last one in the list of types of startup incubators. Just like startup incubators backed by the government and private organizations, the ones backed by corporate institutions are ready to support most of the tech startups. They can also help accelerate other organizations that are ready to be a part of the IT industry. Startups can get mentoring and network support from corporate incubators.

Some Startup Incubators In India
This is the list of some of the popular startup incubators that are serving within the country. Each of them has targeted a different industry.

Agri Business Incubator – The organization is located in Andhra Pradesh, and is supporting all the business related to agriculture.
IITGTIC– The organization is located in Assam. IITGTIC is supporting startups in IT, mechanical, healthcare, and renewable energy industries.
Business Incubation Centre– The organization is located in Bihar. Until now, this incubation support is helping companies dealing with electronic system design.
CIBA– This organization is located in Goa. CIBA deals with industries such as food processing, information, and communication technology, and clean technologies.
NSIC- The organization is located in the capital of India, Delhi. NSIC supports the industries dealing with energy and pump manufacturing.
ARSDSTAR – ARSDSTAR is also located in Delhi. It provides support to startups from industries such as mobile computing, web technology, power system, ICT, nanomaterials, and so on.

To Sum Up
So far, we have gone through a detailed explanation on startup incubators. Also, we have seen that the tech industry has bagged most of the incubation support in India. This is enough to indicate the country has very high expectations from the prevalent and emerging technologies. Now, the startup incubators are also providing support to any entrepreneur who is building a marketplace startup. Due to an increase in the use of the internet, eCommerce has also gained traction in the country and across the globe. People love to shop online with just a few taps and clicks on their smartphones. Moreover with such support, it is expected that the tech and eCommerce industry will only grow without any obstacle in the future.

Reference Url:- Startup Paisa

7 Steps To Grow Your P2P Marketplace

Startup Paisa — Fri, 22 May 2020 09:39:58 +0000

From the time digital technology was introduced, we all are witnessing the importance of online peer-to-peer marketplace. Some of the online platforms such as Airbnb, Etsy, Fiverr, etc have leveraged the capabilities of everything that made them scalable and up to the mark in their field. Marketplaces have been eyeing the countries that could give them a quick boost. One such country is India, where marketplaces have a huge chance to expand their business. Entrepreneurs always break the sweat in their journey of startup growth. Here, I will tell you some steps to grow your P2P marketplace.

7 Strategies To Grow Your P2P Marketplace

Build Your Niche
As an entrepreneur, this is one of the most important things you should know. Some researches on marketing have indicated that focus should be given on targeted customers rather than the whole crowd. Most people that are related to the marketing field make goals for a long run before even getting started. You should not make such a mistake and focus on what the customers want at the present time. Try to display products having strong purchases from the past.

Focus On What You List
Listing has a vital role in the P2P online marketplace. At the early stage, you should never have high expectations from your online customers. Focus on high-quality providers which will bring more customers to your platform. On the other hand, more people will attract more service providers to your platform. Thus, customers and suppliers can work as a magnet for each other.

Use Social Media And Other Channels
It’s difficult for a marketplace startup or any business to compete with bigger platforms. Your competitors have given time and energy to grow their business. Still, you can spread the word about your marketplace on social media platforms. Social media has always been proven to make anything big in a short time. You can also get a thousand customers from social networks quite easily.

Seed Your Customers
At first, you should seed your buyers rather than approaching your suppliers. Earlier, several entrepreneurs made mistakes by seeding the sellers to get the customers. After some years, they realized customers are the ones that bring quality sellers to their platform. Moreover, effective digital marketing strategies are needed to attract people at your online P2P marketplace all the time.

Have A Sufficient Capital
You should have a track record of how much money gets utilized to secure a single customer. Make connections with the professionals you think can help you with startup funding. Angel investors, startup incubators, VC firms can be great for seed capital. Lacking sufficient finance is a major cause of failures in the world of businesses.

Bring Honesty Among Your Customers And Suppliers
In a marketplace, it is obvious that you should create trust from both the ends. Customers can trust you if they get a quality product every time they visit your platform. Suppliers can trust you if they are sure you would be able to keep the customer base perfect. If both parties are satisfied with each other, you will likely see constant growth.

Focus On The UI And UX
User Interface and User Experience seem to be the first priority before designing a platform. Besides P2P marketplaces, almost every platform is focusing on improving these two aspects. You can reach your nearest web designing company for the best suitable theme. They could have some other customized services ready for your business.

Future Of P2P Marketplaces In India

A destination where there is a huge crowd is the best for a marketplace to grow. Also, money is required every time. For quick funding support and some stability, entrepreneurs can go for crowdfunding for startups in India. India has been allowing several projects to stand their chance to go global. Also, the country has a huge crowd, which is mostly engaged in social media networks. You can easily get a significant amount of customers to your platform from India. People have become accustomed to buying online rather than going to some places. In addition, low internet charges have created a more favorable environment for online businesses to grow. Thus, you should definitely target customers from India together with the ones from other countries.

Final Thoughts
You should always be concerned about growing your P2P marketplace. Competition is spreading like a wildfire and you should be ready to face your rivals in the market. All of them will be there to steal your customers to their platform. Here, we have also seen how India could be beneficial for such platforms. Ultimately, your main goal should be to keep customers, suppliers, and investors happy with your performance. Always keep yourself up to date with the trends going on in the market. You never know when you will be successful and reach new heights in the coming years.

Reference url:- Startup paisa