The StartEdu competition is Unitus Seed Fund’s pan-India education startup competition looking to identify, mentor, incubate and invest in the most promising growth (in-revenue) & early (pre-revenue) stage start-ups that are serving India’s masses. Education-focused business accelerator Sylvant is a co-convener of the competition and a preferred provider of expert mentoring and incubation services for participants in the competition. The winner of StartEdu 3 will be a growth stage company that will receive a cash prize of INR 5 lakhs and a chance to pitch to Unitus Seed Fund for a seed investment of up to INR 1 cr. The most promising early stage company will be given the opportunity to receive ongoing mentoring and incubation support from one of our Speed2Seed partners
Curiositi Launches B2C Platform
One of our portfolio companies, Curiositi Learning Solutions has just launched the world’s first syllabus-mapped subscription program for school children. Open for students studying in standards I-VIII, subscribers receive a monthly box of exciting educational activities that are related to the topics they are studying in school. The program aims to bring fun back to learning and lighten the drudgery of studies. Do check it out here.
Our StartHealth Competition winners are…
First Place: OmiX Labs
OmiX has invented a hand-held portable device for vector-borne infection diagnosis and prognosis that is targeting to reduce the time and cost to detect infectious disease pathogens. This device could be deployed to the more than 1 lakh (100,000) diagnostics labs across India including the many small labs that currently don’t offer these type of lab services.
xBITS is developing a table-top diagnostic device for faster and accurate detection of urinary tract infections (UTIs). The device can provide results as accurate as the high-end microbiology devices and do so in under 4 hours.
Complete announcement here.
Venture capital funds total to Rs 15,600 crore into Indian startups this year
Risk capital investments in India in the first half of this year have surpassed the money inflow in all of 2014, setting the stage for another record funding year as global interest in domestic technology startups peaks. Overall, 60 technology startups have raised VC funds twice or more in the past 12 months. Complete article here.
9 successful entrepreneurs share their biggest regrets
1. “Most of my early failures were a result of building things people didn’t want.” – Hiten Shah, KISSmetrics and Crazy Egg
2. “I wish I had focused more time, thought and money into the company culture from day one.”-David Hauser, Grasshopper
Complete article here.
Rush hour in India’s startup scene
India is gaining currency as the center of startup innovation globally outside of the Silicon Valley. The growing interest of investors in Indian tech-enabled companies is riding on the back of high consumption and spending ability of consumers, higher internet penetration and the size of the untapped market. Complete article here.
This has been a pretty action-packed and eventful month for us with a total of 9 partner events spread across 5 cities. A huge shout out to our partners including TiE Chennai, CIIE Ahmedabad, PayU Money, YourStory, TiE Bangalore and IIIT Bangalore.