This document provides an overview of private equity and venture capital funding trends for Indian technology product companies from 2010 to 2013. Some key points:
- VC/PE funding grew significantly over this period, with deal value increasing over 4x and deal volume rising over 3x.
- Internet, e-commerce and mobility sectors captured the majority of investment. However, Series A valuations have dropped recently for e-commerce and internet startups.
- The M&A exit value for Indian tech companies significantly trails peers internationally, and VCs have large exit backlogs.
- Domestic M&A makes up most deal volume, while inbound M&A contributes more deal value. The report outlines opportunities to increase M&
Indian Unicorns will continue to strengthen through acquisitions in Mobile, M...ProductNation/iSPIRT
With Mergers and Acquisitions (M&A) totaling $2.27bn since Jan 2011, technology majors as well as large Indian ‘Unicorns’ are likely to continue acquiring Indian Technology product startups to fill technology gaps as well as talent requirements. This was among the key trends to emerge from the Think Next Roundtable Report - 2015 India technology Product M&A Industry Monitor Report released by iSPIRT, India’s software products think tank, technology focused M&A advisory boutique Signal Hill and Microsoft Ventures.
This is a report on M&A in the Indian ecosystem.
With the growing interest in the startup ecosystem in India, this is an interesting indicator for trends and a great source for insights.
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill reportProductNation/iSPIRT
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill report. Tech Product M&A in India is on the rise with both US & Asian strategics starting to dip their toes in the water. On account of the increasing pace of innovations and scale of the Indian Product Tech eco-system,
iSPIRT Product Industry Monitor(PIM) Feb 2014 - a first-of-its-kind report an...ProductNation/iSPIRT
India has the potential to build a USD 100 bn software product industry by 2025 with resolute and purposeful action by industry and government.
• Over 50% of software product companies are completely self-funded or ‘bootstrapped’.
• Lot of senior talent from MNCs is starting software product companies – close to 40% of founders come from an MNC.
• Indian software product startups are experiencing ‘talent starvation’ at the entry level.
• 78% of Indian software product startups defy the universal logic of having founders with diverse skills, and instead have homogenous founding partners.
• The three most common product sectors that companies work in are Enterprise, SaaS and Consumer.
InTech50 Finalists pitching their products to global CIOs in Bangalore on 15t...ProductNation/iSPIRT
InTech50 is a showcase of some of the most promising software products created by entrepreneurs from India. A panel of Chief Information Officers (CIOs), Venture Capitalists, and Product Leaders from previous successes will decide the fifty companies that make the cut to InTech50 selection criteria. These chosen companies will receive advice, on-going mentoring, product marketing support, and funding to scale their offering to the global markets.
Indian Unicorns will continue to strengthen through acquisitions in Mobile, M...ProductNation/iSPIRT
With Mergers and Acquisitions (M&A) totaling $2.27bn since Jan 2011, technology majors as well as large Indian ‘Unicorns’ are likely to continue acquiring Indian Technology product startups to fill technology gaps as well as talent requirements. This was among the key trends to emerge from the Think Next Roundtable Report - 2015 India technology Product M&A Industry Monitor Report released by iSPIRT, India’s software products think tank, technology focused M&A advisory boutique Signal Hill and Microsoft Ventures.
This is a report on M&A in the Indian ecosystem.
With the growing interest in the startup ecosystem in India, this is an interesting indicator for trends and a great source for insights.
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill reportProductNation/iSPIRT
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill report. Tech Product M&A in India is on the rise with both US & Asian strategics starting to dip their toes in the water. On account of the increasing pace of innovations and scale of the Indian Product Tech eco-system,
iSPIRT Product Industry Monitor(PIM) Feb 2014 - a first-of-its-kind report an...ProductNation/iSPIRT
India has the potential to build a USD 100 bn software product industry by 2025 with resolute and purposeful action by industry and government.
• Over 50% of software product companies are completely self-funded or ‘bootstrapped’.
• Lot of senior talent from MNCs is starting software product companies – close to 40% of founders come from an MNC.
• Indian software product startups are experiencing ‘talent starvation’ at the entry level.
• 78% of Indian software product startups defy the universal logic of having founders with diverse skills, and instead have homogenous founding partners.
• The three most common product sectors that companies work in are Enterprise, SaaS and Consumer.
InTech50 Finalists pitching their products to global CIOs in Bangalore on 15t...ProductNation/iSPIRT
InTech50 is a showcase of some of the most promising software products created by entrepreneurs from India. A panel of Chief Information Officers (CIOs), Venture Capitalists, and Product Leaders from previous successes will decide the fifty companies that make the cut to InTech50 selection criteria. These chosen companies will receive advice, on-going mentoring, product marketing support, and funding to scale their offering to the global markets.
India as a Product Nation - The Next Google can come from India Avinash Raghava
This presentation talks about the Important Characteristics of the Software Product Industry, Why India needs The Software Products Industry. Indian Software Product Industry touches 3m small enterprises today. It will touch 30m enterprises – small businesses, rural schools, primary healthcare centers, small farms, etc. - in 10 years
Indian Mid-market SaaS companies: Forging a new path to disruptionProductNation/iSPIRT
SaaS has changed the competitive dynamics for Indian enterprise software product firms, putting them on a level playing field with their western counterparts. It has opened up new market segments, notably the small and medium sized enterprise market, whose requirements are different from those of large global 2000 businesses. These customers demand products that are less complex, plug-and-play and come at a lower price tag. This has pushed product companies catering to this segment towards a light-touch, virtually enabled model, dramatically reducing the need for close customer engagement, large field sales force, and elaborate implementation – all of which traditionally put Indian companies at a disadvantage.
Leveraging this wave, a new generation of Indian software product firms such as FreshDesk, Fusion Charts, KissFlow, WebEngage, RecruiterBox and others have started to emerge. This has created an important disruptive force in the mid-sized enterprise market. What is also interesting is that, in their pursuit for a light-touch model, these companies have evolved a unique strategy to define the product, market/sell the product and engage with customers. This iSPIRT report discusses the three core tenets of their strategy - Digital immersion, Desk marketing/selling and Cloud-based customer engagement.
India e retail (e-tailing) market, companies revenue analysis & forecast to 2015Renub Research
Renub Research (http://www.renub.com/report/india-e-retail-e-tailing-market-companies-revenue-analysis-forecast-to-2015-65) has announced the addition of the "India E-Retail (E-Tailing) Market, Companies Revenue Analysis & Forecast to 2015" report to its offering
Demographics and socio-economic classes (across gender, rural/urban, income groups)
Type and nature of internet usage (content consumption, service transactions, product transactions, etc.)
Source: Cases study done by Google & its research partner
State of Artificial Intelligence in India 2020Srishti Deoras
Report developed by AIMResearch, in association with Jigsaw Academy, on the Artificial Intelligence Market in India as AI emerges as one of the primary Data Science functions across Enterprises in India
The SaaS Opportunity and Indian SaaS IndustrySam Ghosh
As per a recent NASSCOM report, India is the birthplace of more than one thousand pure-play SaaS vendors with 150+ companies generating more than US$1 million Annual Recurring Revenue. There are already at least 6 SaaS unicorns. These companies generated ~US$3.5 billion in revenue in FY20.
As per the same report by NASSCOM, the addressable SaaS market by 2025 is expected to be US$400 billion. Indian players are well positions to tap this opportunity with their lower cost structure, competency in online & inside-sales, large workforce proficient in SaaS and mobile application development, and role models such as Zoho, Freshworks, Icertis, Druva, and Postman.
With the growth of work-from-home culture and rapid digitisation, the future of the SaaS sector looks bright especially for companies offering collaboration and security services.
Prospect of rapid digitisation of the Indian MSME sector likely to help Indian SaaS companies grow their domestic revenue base along with the export market on which the SaaS sector is traditionally dependent.
Although many SaaS companies may face short-term challenges due to lower IT spending by corporates. As per a Gartner report, Global IT spending in the year 2020 is expected to be 8% lesser than in 2019. Vertical SaaS companies focused on sectors such as Travel, Hospitality, Restaurants, etc. may face considerable challenges due to the pandemic.
As investor focus changes from “growth at all cost” to sustainability and profitability, SaaS offers business models with a clear path to profitability.
As Zoho’s Sridhar Vembu suggests, the pandemic may cause the SaaS industry consolidation as SaaS businesses driven by venture capital money may face challenges in raising further funds and their customers tighten their wallets.
India FinTech report 2019 - Executive summaryMEDICI
India FinTech Report 2019 offers an in-depth look at what makes the Indian FinTech ecosystem vibrant by taking a deeper dive into Government, Regulatory, and Private sector initiatives.
Download the Executive Summary here: https://bit.ly/2ugRke5
Download the main report here: https://bit.ly/2EjGclm
Impact on Jobs across Emerging Technologies During the Current Pandemic Crisi...Srishti Deoras
Analytics India Magazine (AIM) along with Jigsaw Academy, has developed this study to focus on the impact on jobs across certain emerging technologies.
Disruption in the Retail Industry Through the Lens of B2B Retail Tech StartupsYogananth Gopalakrishnan
When every Startup innovation claims to be disruptive, disruptive loses its meaning. Most of what is claimed to be disruptive is really just an incremental innovation with a large dose of hubris.
Pic Courtesy: Boston Consulting Group [BCG]
Data science ai_trends_india_2020_analytics_india_magazineSrishti Deoras
The year 2019 was great in terms of analytics adoption as the domestic analytics industry witnessed a significant growth this year. Here we bring top 10 data science and AI trends in India to watch out for in 2020
This playbook outlines the primary messages we focus on when we talk about iSPIRT, both in general and when we’re speaking to a specific audience. It contains the language and phrasing we use to share these messages. You can clip text directly from this playbook, but you don’t have to use the exact words. The messaging is a springboard to help you get started – the ideas behind the headlines and web copy you’ll create for various uses.
When writing copy, you’ll convey the same ideas, but will tailor the exact words and tone to each audience and situation. In addition to the messaging, you’ll want to weave in proof points - case studies, data, and testimonials that help to underscore the validity of the message.
This playbook will help us stay consistent and on-message so that people will begin to recognize us, trust us, and share our story with others.
Google Accel Report - SaaS India, Global SMB Market, $50B in 2025 #SaaSinIndi...Accel Partners India
#SaaSinIndia
A joint report released by Google & Accel Partners outlined the growth opportunity for Indian SaaS Startups as SaaS adoption by SMBs is set to overtake that by large enterprises. The report outlines that purpose built SaaS products will see hyper growth and adoption by SMBs, and will contribute to more than 75% of the public cloud revenues driving the global SaaS industry to $ 132B revenues by 2020, of which SMB SaaS is expected to reach $76B.
Study: Analytics and Data Science Jobs in India: 2020 – By Great Learning & AIMSrishti Deoras
This report outlines the functional analytics skills and programming languages that are most in-demand in the market. The report provides insights for recruiters and hiring companies so that they can study the demand for skills across the analytics function, and can identify and close any capability gaps across workforces. By highlighting the talent hotspots in the country, the report enables organisations to build a steady talent pipeline.
i7 Networks - Presentation at Zensar #TechShowcase - An iSPIRT ProductNation ...ProductNation/iSPIRT
i7 Networks - Presentation at Zensar #TechShowcase - An iSPIRT ProductNation initiative. Started in June 2012; they work on the space of BYOD security; Their sweet spot is 100% Agentless device discovery, fingerprinting and health-check and then denying infected/malicious devices from connecting to corporate network.
India as a Product Nation - The Next Google can come from India Avinash Raghava
This presentation talks about the Important Characteristics of the Software Product Industry, Why India needs The Software Products Industry. Indian Software Product Industry touches 3m small enterprises today. It will touch 30m enterprises – small businesses, rural schools, primary healthcare centers, small farms, etc. - in 10 years
Indian Mid-market SaaS companies: Forging a new path to disruptionProductNation/iSPIRT
SaaS has changed the competitive dynamics for Indian enterprise software product firms, putting them on a level playing field with their western counterparts. It has opened up new market segments, notably the small and medium sized enterprise market, whose requirements are different from those of large global 2000 businesses. These customers demand products that are less complex, plug-and-play and come at a lower price tag. This has pushed product companies catering to this segment towards a light-touch, virtually enabled model, dramatically reducing the need for close customer engagement, large field sales force, and elaborate implementation – all of which traditionally put Indian companies at a disadvantage.
Leveraging this wave, a new generation of Indian software product firms such as FreshDesk, Fusion Charts, KissFlow, WebEngage, RecruiterBox and others have started to emerge. This has created an important disruptive force in the mid-sized enterprise market. What is also interesting is that, in their pursuit for a light-touch model, these companies have evolved a unique strategy to define the product, market/sell the product and engage with customers. This iSPIRT report discusses the three core tenets of their strategy - Digital immersion, Desk marketing/selling and Cloud-based customer engagement.
India e retail (e-tailing) market, companies revenue analysis & forecast to 2015Renub Research
Renub Research (http://www.renub.com/report/india-e-retail-e-tailing-market-companies-revenue-analysis-forecast-to-2015-65) has announced the addition of the "India E-Retail (E-Tailing) Market, Companies Revenue Analysis & Forecast to 2015" report to its offering
Demographics and socio-economic classes (across gender, rural/urban, income groups)
Type and nature of internet usage (content consumption, service transactions, product transactions, etc.)
Source: Cases study done by Google & its research partner
State of Artificial Intelligence in India 2020Srishti Deoras
Report developed by AIMResearch, in association with Jigsaw Academy, on the Artificial Intelligence Market in India as AI emerges as one of the primary Data Science functions across Enterprises in India
The SaaS Opportunity and Indian SaaS IndustrySam Ghosh
As per a recent NASSCOM report, India is the birthplace of more than one thousand pure-play SaaS vendors with 150+ companies generating more than US$1 million Annual Recurring Revenue. There are already at least 6 SaaS unicorns. These companies generated ~US$3.5 billion in revenue in FY20.
As per the same report by NASSCOM, the addressable SaaS market by 2025 is expected to be US$400 billion. Indian players are well positions to tap this opportunity with their lower cost structure, competency in online & inside-sales, large workforce proficient in SaaS and mobile application development, and role models such as Zoho, Freshworks, Icertis, Druva, and Postman.
With the growth of work-from-home culture and rapid digitisation, the future of the SaaS sector looks bright especially for companies offering collaboration and security services.
Prospect of rapid digitisation of the Indian MSME sector likely to help Indian SaaS companies grow their domestic revenue base along with the export market on which the SaaS sector is traditionally dependent.
Although many SaaS companies may face short-term challenges due to lower IT spending by corporates. As per a Gartner report, Global IT spending in the year 2020 is expected to be 8% lesser than in 2019. Vertical SaaS companies focused on sectors such as Travel, Hospitality, Restaurants, etc. may face considerable challenges due to the pandemic.
As investor focus changes from “growth at all cost” to sustainability and profitability, SaaS offers business models with a clear path to profitability.
As Zoho’s Sridhar Vembu suggests, the pandemic may cause the SaaS industry consolidation as SaaS businesses driven by venture capital money may face challenges in raising further funds and their customers tighten their wallets.
India FinTech report 2019 - Executive summaryMEDICI
India FinTech Report 2019 offers an in-depth look at what makes the Indian FinTech ecosystem vibrant by taking a deeper dive into Government, Regulatory, and Private sector initiatives.
Download the Executive Summary here: https://bit.ly/2ugRke5
Download the main report here: https://bit.ly/2EjGclm
Impact on Jobs across Emerging Technologies During the Current Pandemic Crisi...Srishti Deoras
Analytics India Magazine (AIM) along with Jigsaw Academy, has developed this study to focus on the impact on jobs across certain emerging technologies.
Disruption in the Retail Industry Through the Lens of B2B Retail Tech StartupsYogananth Gopalakrishnan
When every Startup innovation claims to be disruptive, disruptive loses its meaning. Most of what is claimed to be disruptive is really just an incremental innovation with a large dose of hubris.
Pic Courtesy: Boston Consulting Group [BCG]
Data science ai_trends_india_2020_analytics_india_magazineSrishti Deoras
The year 2019 was great in terms of analytics adoption as the domestic analytics industry witnessed a significant growth this year. Here we bring top 10 data science and AI trends in India to watch out for in 2020
This playbook outlines the primary messages we focus on when we talk about iSPIRT, both in general and when we’re speaking to a specific audience. It contains the language and phrasing we use to share these messages. You can clip text directly from this playbook, but you don’t have to use the exact words. The messaging is a springboard to help you get started – the ideas behind the headlines and web copy you’ll create for various uses.
When writing copy, you’ll convey the same ideas, but will tailor the exact words and tone to each audience and situation. In addition to the messaging, you’ll want to weave in proof points - case studies, data, and testimonials that help to underscore the validity of the message.
This playbook will help us stay consistent and on-message so that people will begin to recognize us, trust us, and share our story with others.
Google Accel Report - SaaS India, Global SMB Market, $50B in 2025 #SaaSinIndi...Accel Partners India
#SaaSinIndia
A joint report released by Google & Accel Partners outlined the growth opportunity for Indian SaaS Startups as SaaS adoption by SMBs is set to overtake that by large enterprises. The report outlines that purpose built SaaS products will see hyper growth and adoption by SMBs, and will contribute to more than 75% of the public cloud revenues driving the global SaaS industry to $ 132B revenues by 2020, of which SMB SaaS is expected to reach $76B.
Study: Analytics and Data Science Jobs in India: 2020 – By Great Learning & AIMSrishti Deoras
This report outlines the functional analytics skills and programming languages that are most in-demand in the market. The report provides insights for recruiters and hiring companies so that they can study the demand for skills across the analytics function, and can identify and close any capability gaps across workforces. By highlighting the talent hotspots in the country, the report enables organisations to build a steady talent pipeline.
i7 Networks - Presentation at Zensar #TechShowcase - An iSPIRT ProductNation ...ProductNation/iSPIRT
i7 Networks - Presentation at Zensar #TechShowcase - An iSPIRT ProductNation initiative. Started in June 2012; they work on the space of BYOD security; Their sweet spot is 100% Agentless device discovery, fingerprinting and health-check and then denying infected/malicious devices from connecting to corporate network.
Presentation by Seclore Technologies at Zensar #TechShowcase. An iSPIRT Produ...ProductNation/iSPIRT
Presentation by Seclore Technologies at Zensar #TechShowcase. An iSPIRT ProductNation initiative. Started in 2007; they work in the space of information security policy based. Their tag line is security not at the cost of collaboration.
Building Billion Dollar Product Companies from India - Management report by J...ProductNation/iSPIRT
A research paper put together by Jyoti Ramnath, MBA 2014, outlining the challenges faced by product start-ups in India and providing recommendations to improve the entrepreneurship ecosystem and position India as a product nation on the global map
Presentation by Meshlabs at Zensar #TechShowcase - An iSPIRT ProductNation in...ProductNation/iSPIRT
Presentation by Meshlabs at Zensar #TechShowcase - An iSPIRT ProductNation initiative.. Bangalore based firm; has a text analytics platform. Listens to all stake holders and unlocks the hidden value via text analytics.
M&A opportunities for Indian product startups. Indian product companies punch below their weight. Despite huge innovation and rising entrepreneurship, most Indian product companies are invisible on the global map. The reasons are many, but a big one is the lack of meaningful exits for companies that actually create value in their product markets. This paper focuses on a plan to address this gap.
This whitepaper describes the foundational principles, operating practices and culture of this network. This is the volunteer model that underpins the network and (through it) all actions of it. The whitepaper is for public consumption and will be available in public space for other organizations to emulate if they see the merit in these models.
A brief US M&A overview presented by GroupArgent and ResultsArgent, highlighting that the M&A window is open for business and providing the four "must-hear" pieces of advice for tech companies looking to exit.
2014 Tech M&A Monthly - New World of BuyersCorum Group
The world of buyers for technology companies is very different than it was just a few years ago. The rise of Private Equity, a new generation of international buyers, disruptive change creating new tech giants and destabilizing old ones – today, your ultimate buyer may be someone you've never heard of, in a country you've never visited. In the August edition of the Tech M&A Monthly webcast, join Corum Group dealmakers and experts as they examine the new classes of buyers that you need to be aware of as you consider your company’s future. Plus the key deals trends and valuations of the last month, and a special report on M&A in the gaming sector.
Deal Index - aggregating digital investing market dataGrow VC Group
DealIndex: Aggregating Digital Investing Markets. Global Crowdfunding Aggregator. Real-time data and deals on private companies raising
capital, backed by analytics, insights and research.
We are a team of Professionals from Delhi, and we have developed an application called as HS Cards.
The study reveals that 88% of business card goes into dustbin immediately after the meeting. It's really difficult to be in touch with every person without proper visiting card management. HS Cards team's mission is to provide a solution for the management of visiting card. HS Cards has come up with the idea of the digital visiting cards.
HandShake Global Technologies Pvt Ltd was founded in 2016 with a vision of making the traditional paper visiting cards into digital visiting cards. The Company has launched the HS Cards app on Google play and Apple App Store with a mission to give the community an option for their paper visiting cards and get rid of their daily problems of handling the visiting cards.
Features of HS Cards
HS Cards is a mobile application where a user can create and manage their digital visiting cards.
EXCHANGE CARD: Send your visiting card by entering the mobile number and get the receivers visiting card in return.
CARD BANK: Separate repository for Casual, Business, and Scanned visiting cards.
MULTIMEDIA: Add a short clipping of audio and video to the card.
CARD SHARING: Share the card of your friend and clients with other users.
INTERACTIVE DIGITAL CARDS: One tap to do email, call and to check the website. Check social links and track the address.
SEND TO ANY DEVICE: Send the card to any device. The person will get your information even if the person does not have the app.
VIRTUAL MEETING: Create virtual meeting. See details of the meeting and the business card of all attendees.
We want to grow HS Cards and want to remove barriers of paper cards and providing different types of Cards to Corporate Sectors, Companies, Individuals, Professionals.
The RFID End-User in 2011: Why 2011 Will be Another Big Year for RFIDVDC Research Group
During this webcast, Drew Nathanson, Director of Research Operations at VDC Research, discusses how the RFID end-user community has changed in recent years, how the perception of the technology has shifted and why that will translate into an expected 64% increase in RFID budgets for 2011.
Venyoo DECK for location aware data analyticsTeamVenyoo
Venyoo is an early stage tech co. focused on location based big data analytics in the live event space, based out of San Francisco/LA. We have built a strong team internally and have an all star group of advisors (CTO of Ticketmaster/Ex-Google/Twitter) leading the way.
Additional information on our company:
Venyoo is an enterprise mobile platform (www.venyoo.co). Our technology solution enables customers to gather extensive data on their fans and visitors while offering maps as a utility option.
Venyoo's first and flagship customer is the New England Patriots (www.patriots.com).
PM WANI 3.0: Unleashing Business Innovation and Open Wireless Network Growth ...ProductNation/iSPIRT
PM-WANI has allowed sachetised access to WiFi connectivity. However, the true vision of WANI standard, where small business owners can participate as network service providers resulting in fast network growth, has not been realised. We propose the next version of the WANI standard where a more open ecosystem can be enabled to facilitate business interactions such as delegated payments and roaming, which in turn can catalyse increased user base, rapid network growth, and business innovations.
The PM-WANI framework is revised periodically, taking into account the new developments, security updates, etc. Version 1.0 was released in 2020 and this was used for the pilot deployments. The updated 2.0 specification was released in 2021 and is the current version in use. You could read more about these versions here: https://github.com/iSPIRT/PM-WANI-App-Provider/wiki/PM-WANI-Specification-1.0-vs-2.0
This whitepaper defines iSPIRT’s vision for the PM-WANI Version 3.0 specification
WANI 3.0: Unleashing Business Innovation and Open Wireless Network Growth for...ProductNation/iSPIRT
PM-WANI has allowed sachetised access to WiFi connectivity. However, the true vision of WANI standard, where small business owners can participate as network service providers resulting in fast network growth, has not been realised. We propose the next version of the WANI standard where a more open ecosystem can be enabled to facilitate business interactions such as delegated payments and roaming, which in turn can catalyse increased user base, rapid network growth, and business innovations.
The PM-WANI framework is revised periodically, taking into account the new developments, security updates, etc. Version 1.0 was released in 2020 and this was used for the pilot deployments. The updated 2.0 specification was released in 2021 and is the current version in use. You could read more about these versions here: https://github.com/iSPIRT/PM-WANI-App-Provider/wiki/PM-WANI-Specification-1.0-vs-2.0
This whitepaper defines iSPIRT’s vision for the PM-WANI Version 3.0 specification
WANI 3.0: Unleashing Business Innovation and Open Wireless Network Growth for...ProductNation/iSPIRT
PM-WANI has allowed sachetised access to WiFi connectivity. However, the true vision of WANI standard, where small business owners can participate as network service providers resulting in fast network growth, has not been realised.
iSPIRT Foundation proposes the next version of the WANI standard where a more open ecosystem can be enabled to facilitate business interactions such as delegated payments and roaming, which in turn can catalyse increased user base, rapid network growth, and business innovations.
Civil aviation has, traditionally, been based on the notion of a pilot operating the aircraft from within the aircraft itself and more often than not with passengers on board. Rapid technological innovations have enabled pilotless aircraft which can be designed for specific applications that require precision or long duration which have been considered near impossible hitherto.
These aircraft also enable applications considered dull, dirty or dangerous, in other words, tasks that entail monotony or hazard for the pilot of a manned aircraft. Such pilotless aircraft make use of a ground-based or pre-programmed automatic controllers to manoeuvre the aircraft in flight and are generally termed as drones, although a better term is Unmanned Aerial Systems (UAS).
Traditionally, drones had been limited to military use due to high costs and technical sophistication. However, there is a far broader scope for UAS use, including, inter alia, commercial, scientific and security applications. These potential applications have driven innovations in UAS technology; especially in areas of control, navigation and energy storage; which have provided consumers with suitably small-sized cutting-edge products that are easy to operate and maintain at affordable prices. Today, due to economies of scale, consumers can purchase drones for less than a thousand rupees. Even sophisticated drones with advanced cameras and sensors are available for under fifty thousand rupees. Large aircraft manufacturers such as Boeing and Airbus, on the other hand, are investing billions of dollars in building pilotless aircraft that are regarded safe enough for passenger long-distance intercontinental trips.
The main goal of building a Concept of Operations for India on the way to a thriving drone ecosystem in India was to allow consistent policymaking that would guide technological standards in the near future. We intend to establish a discussion with stakeholders and continue to improve our vision by holding Open House Sessions.
Guiding Principles, Specs, Key Resources: https://sayandeep-ai.github.io/pushpaka/work-items/i01/
Entire Playlist of the Open House Recordings: https://youtube.com/playlist?list=PL9dBcOUIsjz8FNN_FesZiD2WlFAQW-I01
This is our response to the Draft Drone Rules 2021 published by the Ministry of Civil Aviation on 14 July 2021.
(Draft Drone Rules 2021: https://www.civilaviation.gov.in/sites/default/files/Draft_Drones_Rules_14_Jul_2021.pdf)
iSPIRT Balloon Volunteering Open House Session #4 - Opportunities in Technolo...ProductNation/iSPIRT
In this fourth Open House Session, we have Dr Pramod Varma, Chief Architect - Aadhaar & India Stack, giving you an insight into what it takes to volunteer in iSPIRT. He describes our design principles for building digital public infrastructure and gives you a peek into the thought process of an architect in iSPIRT. Finally, he breaks down how we are redefining the approach towards solving societal problems. We are playground builders. We orchestrate or create a playground so that market players can bring out an array of solutions.
iSPIRT is addressing solvability. We have a multi-decade horizon as a mission-oriented volunteer-based Think-and-Do-Tank.
As part of this session, we have our volunteers explaining the technical challenges you can embrace as new volunteers. The problems that we are tackling require a thought process that is new and innovative. We use cutting-edge technology.
In addition to the new technical volunteering opportunities outlined in this session, other policy-related and ecosystem-building volunteer options also exist. Apply now on https://volunteers.ispirt.in
Do visit: https://youtu.be/KZngoIy-hZ0 to watch the recording of the fourth open house session on Youtube.
The Global Leadership Seminar is back with its second seminar on "Full Spectrum Thinking" with noted futurist Bob Johansen of The Institute for the Future.
In this video, Bob explains how Full-Spectrum Thinking provides leaders with the ability to seek clarity across gradients of possibility—while resisting the temptations of certainty. For example, medical doctors used to label people as “autistic.” Now, they say people are on the spectrum of autism disorders.
Full-spectrum thinking offers an alternative to sloppy categorical thinking that is so common today. It unlocks clarity while challenging certainty.
Bob Johansen is a distinguished fellow with the Institute for the Future in Silicon Valley. For more than 30 years, Bob has helped organizations around the world prepare for and shape the future, including corporations such as Nestle and GlaxoSmithKline, as well as major universities and nonprofits. He holds a B.S. from the University of Illinois, which he attended on a basketball scholarship, and a PhD from Northwestern University—as well as a master’s degree that focused on world religions.
The seminar was moderated by Prof. Vasanthi Srinivasan of IIM Bangalore. Prof. Srinivasan is a Professor in the Organizational Behaviour and HRM at IIMB. Her work over the last decade in the field of leadership development has focussed on building future-ready competencies.
Charles Assissi, veteran journalist, and co-founder of Founding Fuel, also joined to share his perspectives on Full Spectrum Thinking.
Please note: The seminar was organized by iSPIRT Foundation in association with NSRCEL of IIM Bangalore. This seminar series aims to bring the best of management wisdom to Indian companies and startups.
Watch the entire recording of the session published on iSPIRT Foundation's official Youtube channel: https://www.youtube.com/watch?v=ydesUdu2CkA
For more information, please write to community@ispirt.in
We held a somewhat impromptu Open Session on Balloon Volunteering yesterday. Watch this to learn if iSPIRT volunteering is right for you. This session will cover some of the available volunteer opportunities and tell you how to engage with us.
In case you want to explore Balloon Volunteering with iSPIRT, do fill out the form here: bit.ly/iSPIRTForm
We are publishing a draft of the technical standards of the Personal Health Records (PHR) component of the National Health Stack (NHS)!
As a refresher, these standards govern the consented sharing of health information between Health Information Providers (HIPs) - like hospitals, pathology labs, and clinics - and Health Information Users (HIUs) like pharmacies, medical consultants, doctors, and so on. The user’s consent to share their health data is issued via a new entity called a Health Data Consent Manager (HDCM).
The problem today is that the electronic health records listed in one app or ecosystem are not easily portable to other systems. There is no common standard that can be used to discover, share, and authenticate data between different networks or ecosystems. This means that the electronic medical records generated by users end up being confined to many different isolated silos, which can result in frustrating and complex experiences for patients wishing to manage data lying across different providers.
With the PHR system, a user is able to generate a longitudinal view of their health data across providers. The interoperability and security of the PHR architecture allows users to securely discover, share, and manage their health data in a safe, convenient, and universally acceptable manner. For instance, a user could use a HDCM to discover their account at one hospital or diagnostic lab, and then select certain electronic reports to share with a doctor from another hospital or clinic. The flow of data would be safe, and the user would have granular control over who can access their data and for how long. Here is a small demo of the PHR system in action.
The standards in the draft released today offers a high-level description of the architecture and flows that make this possible.
India recently kicked off the Data Empowerment architecture, a framework for consented data sharing across the financial sector. This allows Nandini (Persona) to share data on her business’ regular invoices or GST payments seamlessly and securely.
Any bank or NBFC can now offer a regular stream of small-ticket working capital loans based on her demonstrated ability to repay. This is in sharp contrast to the status quo, where banks typically offer only larger loans backed by collateral. Using cash flows rather than collateral as the basis for credit is known as Flow-Based lending. Because producing collateral is a roadblock for the poorest Indians, Flow-Based lending may be their only opportunity to access the credit they sorely need for growth.
In July 2018, NITI Aayog published a Strategy and Approach document on the National Health Stack. The document underscored the need for Universal Health Coverage (UHC) and laid down the technology framework for implementing the Ayushman Bharat programme which is meant to provide UHC to the bottom 500 million of the country. While the Health Stack provides a technological backbone for delivering affordable healthcare to all Indians, we, at iSPIRT, believe that it has the potential to go beyond that and to completely transform the healthcare ecosystem in the country. We are indeed headed for a health leapfrog in India! Over the last few months, we have worked extensively to understand the current challenges in the industry as well as the role and design of individual components of the Health Stack. In this post, we elaborate on the leapfrog that will be enabled by blending this technology with care delivery.
White paper on the analysis of High share premium amongst Startups in IndiaProductNation/iSPIRT
High share premium is not the basis of a high valuation but the outcome of valid business decisions. This new whitepaper by iSPIRT highlights how share premia is a consequence of valid business decisions, why 56(2)(viib) is only for unaccounted funds and measures to prevent valid companies from being aggrieved by it
[Angel Tax] White Paper On Section 56 (2)(viib) And Section 68ProductNation/iSPIRT
Angel Tax (Section 56(2)(viib)) has become a cause celebre in Indian startup circles due to its broad-reaching ramifications on all startups raising capital. This paper traces the origin of this section, it's analysis, impact, how it adversely affects startups. Special mention is also made of the seldom covered Section 68 and it's used in conjunction with Section 56(2)(viib). The paper also proposes recommendations to ensure that genuine companies are not aggrieved by this while the original intent of the section is preserved.
New digital lending architecture: As Indian consumers and business go from being data poor to data rich in next 3 years, a new lending architecture which is digital, based on data footprints and using algorithms can scale up rapidly to provide credit for the underserved. This includes P2P lending. The Electronic Consent layer of the India Stack will leverage this data tsunami.
iSPIRT's Response on Digital Information Security in Healthcare Act (DISHA)ProductNation/iSPIRT
We believe that India is at a unique tipping point where only a fraction of its users have gone online, and a majority are yet to do so. Therefore, it is critical that we build the right set of protections and empowerments for these users as they enter the digital world.
It is equally important not to limit our thinking to simply “protection” of data. We must also question how we can “empower” individuals, who will be data rich before they are economically rich, with better access to their own healthcare data such that they can become more engaged participants and managers of their health care.
We welcome the proposed DISHA Act that seeks to Protect and Empower Individuals in regards to their electronic health data - we have provided our feedback on the DISHA Act and have also proposed technological approaches in this response
India SaaS Survey Results 2017 in partnership with DCS Advisory ProductNation/iSPIRT
Welcome to the Third edition of the India SaaS Survey by DCS Advisory, India’s largest software investment banking advisory practice, in partnership with iSPIRT
iSPIRT’s Response- White Paper on Data Protection Framework for IndiaProductNation/iSPIRT
It is widely known that the amount of data generated daily worldwide is rising at an incredibly exponential rate. Yet, what remains shrouded is how this data, particularly those data types concerning or generated by us, as individuals, are being used and stored by both the public and private sector. As we move into a data-driven world, it is crucial that the laws developed around Data center on the premise of both empowering and protecting the individual. In fact, the main purpose of the 4th layer of India Stack, the “consent layer”, is just this: to provide for a set of tools and utilities, as part of the Data Empowerment and Protection Architecture (DEPA), that empower citizens to assert control over their data.
The Justice Srikrishna led committee of experts has released a White Paper articulating their provisional thoughts on the Data Protection Framework, and are seeking public comments on the subject. iSPIRT has submitted a formal response to the White Paper. You can also read the blog post lays out our current views regarding Data Protection here: http://pn.ispirt.in/india-in-a-digital-world/
Platforms help create more open platforms. Indian entrepreneurs will address the scale and diversity of India by building smart solutions on top of these DIGITAL PLATFORMS!
Collective Mining | Corporate Presentation - May 2024
India Technology Product M&A Industry Monitor Report - Presented by iSPIRT & Signal Hill
1. Strictly Private & Confidential
India Technology Product M&A
Industry Monitor Report
June 2014
Strictly Private & Confidential
2. Strictly Private & Confidential 2
VC/PE funding is a strong & growing source of Growth Capital for Indian
Technology Product Companies
26 28 31 29
26
81
95
74
16
20
21
20
0
40
80
120
160
2010 2011 2012 2013
#Deals
B2B Software Internet & Consumer / E-Commerce Mobility
77 99 143 171
112
555
603
808
60
316
55
42
0
250
500
750
1000
1250
2010 2011 2012 2013
USDMn
B2B Software Internet & Consumer / E-Commerce Mobility
India VC / PE Investments: Deal Value
India VC / PE Investments: Deal Volume Investment in has grown by ~ between 2010-
2013 and continues to grab a lion’s share of the VC/PE investment dollars
Overall deal valuations are going up, but Series A for e-Commerce & Internet
start-ups has seen a drop as VCs increasingly have been providing
Global VC/PE firms ploughing in $$ into helping them
expand their footprint in Emerging & Developed markets
$$ invested in companies showing an upward trend
Company Sector
TotalAmount
Raised
Investors
Sequoia Capital
Nexus Venture Partners
Tenaya Capital
Nexus Venture Partners
SilverLake
Info Edge
Sequoia Capital
Kalaari Capital
Intel Capital
Nexus Ventures
eBay and Premji
Bessemer
Temasek
Accel Partners
Tiger Global
Morgan Stanley
Vulcan Capital
MIH Naspers
Others
$550m+
$340m+
~$53m
$50m
~$39m
Source: Signal Hill & iSPIRT analysis and research, Venture Intelligence
E-Commerce
E-Commerce
Internet &
Consumer
Software
Software
Kalaari Capital
Tiger Global
IDG Ventures
Accel Partners
PremjiInvest
Others
$100m+E-Commerce
3. Strictly Private & Confidential 3
The “Early-Stage” Ecosystem has developed significantly, improving the overall
health of VC/PE & Indian Technology Product Company Ecosystem..
Incubators /
Accelerators
Seed Funding &
Angel Investors
Venture Capital
(Series A)
SalientFeatures IllustrativeExamples
Upto $100k
Invest in ideas / business plans
Access to shared office space and support services
Mentorship and guidance from experienced entrepreneurs
and technologists
Provide access and support for seed funding from angels /
investor groups
100k - $750k as a syndicate
Company should have a beta version of product / working
prototype and well defined market potential
Mentorship and guidance from experienced entrepreneurs
and technologists
Initial funding of $2 - $7m with ability to
participate in follow on rounds
Market accepted service offering / product being used by 2-3
clients
Enables greater depth in product development, rapid market
expansion and ability to hire talent
Development of strong sales & marketing organization to
access developed markets
4. Strictly Private & Confidential 4
However, overall M&A exit value of Indian Technology Product Companies is
significantly below key Peers, and VC/PE’s have large Exit Backlogs…
Source: Signal Hill & iSPIRT analysis and research, Venture Intelligence, PwC, NVCA US
Technology Product
VC/PE and M&A
2010-2013
VC / PE Investments - Volume
VC / PE Investments - Value
M&A - Volume
M&A - Value
M&A Value: VC / PE Value
Average M&A Deal Size
Product M&A - Challenges and Bottlenecks continue to exist……
Limited sales traction in back yard (US, Europe) of Software / Internet
majors; Most start-ups don’t show up on the radar of acquirers
1
Lack of listed Software / Internet Peers in India to benchmark against
and sluggish & nascent Software / Internet IPO market in India
2
Low maturity levels in product management & marketing
Companies and entrepreneurs need to focus on building a globally
differentiated proposition and ensure global accounting & governance
standards to ignite M&A deal flow
3
4
Nascent local acquirer universe; “US / Global Acquirer” is required to
create a block buster outcome
*only includes disclosed deal values.
^Slightly understated for US as the M&A value only includes disclosed deal values
5. Strictly Private & Confidential 5
Clear growth in Product M&A; Domestic M&A contributes majority of deal
volume, whereas Inbound M&A contributes majority of deal value..
Source: Signal Hill & iSPIRT analysis and research, Venture Intelligence, YTD as on May 2014, * - Excluding Flipkart-Myntra transaction it is $2.3m
Product
M&ADeals
Estimated
TotalProduct
M&ADealValue
Average
M&ADealValue
6. Strictly Private & Confidential 6
Cumulative Product M&A : 2010 - YTD 2014
Source: Signal Hill & iSPIRT analysis and research, Venture Intelligence, YTD as on May 2014
Product M&A Deal Volume (Cumulative) : 2010 - YTD 2014 Product M&A Deal Value (Cumulative) : 2010 - YTD 2014
31%
36%
14%
9%
9%
38%
25%
26%
6%
5%
7. Strictly Private & Confidential 7
Cumulative Product M&A : Inbound vs. Domestic
Inbound and Domestic Deal Volume Split by Sectors (Cumulative 2010 - YTD 2014)
54%
21%
4%
8%
13%
Inbound (Total 48 Deals)
22%
43%
18%
9%
8%
Domestic (Total 111 Deals)
Inbound and Domestic Deal Value Split by Sectors (Cumulative 2010 -YTD 2014)
56%32%
1%
9%
2%
Inbound (Total ~$1.1b)
7%
14%
69%
2%
8%
Domestic (Total ~$660m)
Source: Signal Hill & iSPIRT analysis and research, Venture Intelligence, YTD as on May 2014
10. Strictly Private & Confidential 10
Select Inbound Deals
Date Acquirer Target Target Description Deal Value ($m)
May’14 Online medical advisory service with a network of approximately 15,000
general physicians and surgeons.
18.5
Feb’14 Unified Threat Management Solutions ~70-80
Jan’14 Performance analytics software platform for mobile app developers ~11
Aug’13 Software solutions for logistics, transportation, supply chain service providers 45.1
Jun’13 Online bus ticketing platform ~100-105
Feb’13 Provides differentiated Analog, Mixed-Signal silicon IP cores and ASICs 62.0
Dec’12
Provider of analytics and business intelligence solutions to the financial
services, insurance, retail and telecommunications industries
NA (51% stake)
Oct’12
Acquisition of Qontext, an enterprise social collaboration software, from
Pramati Technologies’ portfolio of products
NA
Oct’11
Provider of open source storage solutions for standardizing the management
of unstructured data
136.0
Oct’11 Developer and publisher of mobile and online games 80-90
Mar’11 Manufacturing, marketing and sale of structured cabling products 112.0
Jan‘11
Provides online tutoring worldwide and K12 school solutions and education
services
213.0
Jan’11
Provides cloud-based, enterprise applications for live online meetings,
webinars, desktop sharing and eLearning.
31.0
Source: Signal Hill & iSPIRT analysis and research, Venture Intelligence, Various Media Sources, YTD as on May 2014
NOTE: All Valuations on this slide are based on publicly available information in various media sources. Signal Hill & iSPIRT are not responsible for the accuracy of this information
11. Strictly Private & Confidential
Signal Hill is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill’s experienced bankers provide deep domain expertise and an
unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With over 600 completed transactions and offices in Baltimore, Bangalore,
Boston, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®.
11
iSPIRT Foundation is an industry think-tank founded by key participants and proponents of the Indian software product industry. iSPIRT enables a strong ecosystem, connects and guides
software product entrepreneurs and helps catalyse business growth. It encourages buyers to improve performance by leveraging software products effectively. iSPIRT advises policy
makers on interventions that can set the industry on a higher growth trajectory
For questions, please contact:
Sanat Rao,
Partner (M&A), iSPIRT
sanat@ispirt.in
Klaas Oskam
Managing Director, Signal Hill India
koskam@signalhill.in
This document has been prepared by Signal Hill Capital Advisory India Private Limited (“SHI”) & iSPIRT for discussion purposes only. The information and opinions contained in this
document are derived from public and private sources which we believe to be reliable and accurate but which, without further investigation cannot be warranted as to their accuracy,
completeness or correctness. This information is supplied on the condition that SHI and any partner, employee or affiliate of SHI are not liable for any error or inaccuracy contained
herein, whether negligently caused or otherwise, or for loss or damage suffered by any person due to such error, omission or inaccuracy as a result of such a supply. SHI and its affiliates
are also not liable for any loss or damage howsoever caused by relying on the information provided in this document. In particular any numbers, initial valuations and schedules
contained in this document are preliminary and are for discussion purposes only and does not constitute an opinion.