The state of the Indian startup ecosystem: looking back and forward

[Click Here]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwIBSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGwhaDQIXW1QcTglBE0BFDBccTwEOCUxNWhBCEU0OF0AcRxZUFVxTRRYSCkQ=&ext=bmM9dm0mbT0zMTY5JnU9W1VOSVFJRF0=) to see the web version VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFUFXwkOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxc&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= Daily Capsule | 2nd March 2021 Good morning! What a year 2020 had been! Even as all seemed bleak, Indian startup founders did not lose hope, believing in “this too shall pass,” and continued to battle hard with resilience and empathy. According to [YourStory Research]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwIASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aElZfBx1LCA1OCBMbB1UCUhQSEVhBQxFBTlNDXFwLDFNOSgMVXxFMSlxMWFQ=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) , the third-largest startup ecosystem came full circle in 2020 as the total funding and number of deals reaching a similar state as in 2015 — a year considered the tipping point for initiating the growth of startups in India. VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbUxBeBlAPAhQBB1YBTlpDRlQNDV9OClZXAU5RClBRVFYcERVVS0NDRUdJRgNAVkdD&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= Indian startups raised [$9.4 billion across 881 deals from around 1,476 active investors]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbUxBeBlAPAhQBB1YBTlpDRlQNDV9OClZXAU5RClBRVFYcERVVS0NDRUdJRgNAVkdD&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) in the ecosystem. While the funding amount reduced by almost 17 percent in comparison to 2019, the number of deals received a setback of around two percent. Although investors adopted a cautious approach, they continue to diversify their portfolio and support existing portfolio companies with small ticket-size funding and follow-on rounds. VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbUxBeBlAPAhQBB1YBTlpDRlQNDV9OClZXAU5RClBRVFYcERVVS0NDRUdJRgNAVkdD&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= Now, two months into 2021, the Indian startup ecosystem has already grabbed 125 deals raising $1.5 billion in funding. [Read more]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbUxBeBlAPAhQBB1YBTlpDRlQNDV9OClZXAU5RClBRVFYcERVVS0NDRUdJRgNAVkdD&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) . [Download YourStory Research's report on 2020 funding trends in the Indian startup ecosystem.]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwIASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aElZfBx1LCA1OCBMbB1UCUhQSEVhBQxFBTlNDXFwLDFNOSgMVXxFMSlxMWFQ=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Here are other highlights in today's Daily Capsule: - The Interview with Chetna Sinha of Mann Deshi Sahakari Bank - Editor’s Pick: Techie Tuesday - Startup Spotlight: Taxida - YourStory TV’s Daily Dispatch - News and updates and more… The Interview The Interview [The Interview]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTBMMBQcOSwZEGFcBT1oJAE1dVklCC1xYWlk=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Meet Chetna Sinha, who set up Mann Deshi Sahakari Bank — India’s first bank by and for rural women. The Founder of Mann Deshi Sahakari Bank aims to empower women by helping them become financially independent. In a conversation with YourStory, Chetna shares inspiring stories about how 'Women from Bharat' are remodelling India, and leveraging tech platforms like WhatsApp to get access to a wider market and showcase products in communities. [Watch Now]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTBMMBQcOSwZEGFcBT1oJAE1dVklCC1xYWlk=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) News from The CapTable VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMLSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXQV9XGgVVEUdQAQkATwEOCUxdWxNVEU0OFxRfWBJUTgEbUFZPC1pOSVc=&ext= There are currently about a dozen growth stage deals expected to collectively mop up about $3 billion, on top of about $1 billion already secured by eight startups since the start of 2021. The CapTable (a YourStory Product) looks at five examples of the frenzied fundraising environment across SaaS, social commerce, fintech, B2B marketplaces and omni-channel retail. [Read More]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMLSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXQV9XGgVVEUdQAQkATwEOCUxdWxNVEU0OFxRfWBJUTgEbUFZPC1pOSVc=&ext=) [Sign up for early access]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYGUQUJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXQV9XGgVVEUdQAQkATwEOCUw=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYGXwQKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGwZdEh5VTBh0WDEGUQEAJjU=&ext= YourStory is delighted to offer you a chance to witness selected sessions & workshops at India’s largest product-tech-design conference for FREE. With the launch of the ‘Experience Pass’, registered users can get access to select CTOs, CPOs, data science heads, tech architects, who will deliver keynotes, join roundtables, and conduct workshops across all relevant and emerging trends in the ecosystem at the fourth edition of Future Of Work. Also, want to meet India's top brands and explore opportunities for synergies and collaboration? The ‘Experience Pass’ will help you connect with 100+ partners. What are you waiting for? [Get Your Experience Pass Now]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYGXwQKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGwZdEh5VTBh0WDEGUQEAJjU=&ext=) Editor's Pick : Techie Tuesday Editor's Pick Techie Tuesday VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFAbQQBTClAESE1GUhdVAkwbX10HFhkCSgUNWQYVBVNZR09QDkxDUVgbQlEKQEtWS1paH14IUA5BVE4WAAAWFQgGGVQIURhWDw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= For Archie Agarwal, getting into engineering and tech was anything but the norm. Hailing from Indore, Archie’s father is a chartered accountant, and mother a homemaker. Technology didn’t really have a role to play. But destiny had other plans. She was five when she learnt Logo on a computer at school. And, there was no looking back. Today, Archie is the product lead at Amazon in Seattle. Over the years, she has conducted research in areas such as requirement engineering, logical formalism, and semantic web concepts. [Read more]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFAbQQBTClAESE1GUhdVAkwbX10HFhkCSgUNWQYVBVNZR09QDkxDUVgbQlEKQEtWS1paH14IUA5BVE4WAAAWFQgGGVQIURhWDw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) . Startup Spotlight VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbQRdZFFgGChRHVhxYEBhFRlkQFkETFRIESApcBRlRW0xUEAJdTU4bQUYFQgNcFEFWX14KGQ9SVRY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= [A startup solving intercity travel in Tamil Nadu with smart tools]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbQRdZFFgGChRHVhxYEBhFRlkQFkETFRIESApcBRlRW0xUEAJdTU4bQUYFQgNcFEFWX14KGQ9SVRY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Rosario Narchison Alex had the entrepreneurial genes right from his college days when he would collect and sell things from seniors to juniors in the hostel. It was, what he calls, “word of mouth entrepreneurship,” and helped cover his hostel expenses. A few years later, during his tenure at a UK-based mobility startup, he identified gaps in the outstation taxi travel space. In early 2020, he launched Taxida — an on-demand marketplace and booking platform that connects travellers with a variety of unorganised taxi service providers. [Read more]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbQRdZFFgGChRHVhxYEBhFRlkQFkETFRIESApcBRlRW0xUEAJdTU4bQUYFQgNcFEFWX14KGQ9SVRY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) . VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbQRdZFFgGChRHVhxYEBhFRlkQFkETFRIESApcBRlRW0xUEAJdTU4bQUYFQgNcFEFWX14KGQ9SVRY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= YourStory TV: Daily Dispatch YourStory TV Daily Dispatch [The Interview]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTBMMBQcOSwZEGFcBT1oJAE1dVklCC1xYWlk=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Catch the top headlines in the startup and tech world on YourStory TV’s latest show, Daily Dispatch, on weekdays at 5 pm with Priya Sheth. News & Updates - [Inflection Point Ventures (IPV) aims to double its investment]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFAbXAtWDlwCEVBcWUlBDFxYRhUUB1oXTRQAQ05RCkJdRkwcUFFZFERCVEYQQRZDFFxZVl4H&ext=) in startups to $20 million this year as it looks to play a larger role in mentoring and growing India's startup ecosystem. IPV is looking at expanding its network to 5,000 members by the end of 2021. - [UPI transactions witnessed a 1.5 percent decline in transaction value]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFAbQBVZT00TBFdAVgdFClpYQRUGC0ROVQcXVwpWBVhUTBVXBwNGTFZETBkKRAVZFFJYXVAKUUxEWQIRFgASEUkTVUw=&ext=) , amounting to Rs 4,25,062 crore for February, causing a temporary blip after being on a continuous rise since July 2016, data shared by NPCI showed. - Startups Kiko TV and Stack Finance have been [selected for the MOX 10 cohort]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFAbQwBeFkwTABRQVhRYF1RaH0sNEUJOVQkdHVIISVdXXVdDFkxfUFxZGEASGRVEWFZcH1EPWgBdUgZIAxQMBQ0NUw==&ext=) , venture capital firm SOSV said. These startups are provided $150,000 in funding besides a six-month intensive accelerator programme that includes cross-border market entry and fundraising readiness. - Uber India’s business is now showing strong signs of recovery, [driven by increased demand for its low-cost products such as Uber Auto and Uber Moto]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMBSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFAbQAdVEBQIC11aVklTFkZfXF0RERkQUAkSWQ1fSUdRUlZCTxJAS1hYUhkWUQVfT1BFSxoHQRVcHA4KEQ4=&ext=) . Some of Uber’s fastest recovering metro markets after the lockdown includes Kolkata, Hyderabad, and Mumbai. - New-Delhi-based digital mapping company MapmyIndia launched Maps and Nearby Search features to [help people across India locate coronavirus vaccination centres]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwMASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFAbWARAD0AIC11aVklYDUFEXVwXAVEQFQgAR05eAVVMQEpUEUxcXFtGGFINWgIdT1RUUV4IUUxQVA0RFwQ=&ext=) . The feature is available on both the mobile application and the official website. Here's what else is happening* *A roundup of interesting stories from global media organisations; YourStory has not verified this content and does not vouch for its accuracy - Reliance Industries Ltd., along with its partners plans to [seek a license to enter India’s burgeoning digital payments business]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXV1tdWAtWBEFWTQYKDE0PARRHGgRCFlACCVxAGFYBUQQbAgtPUgVMWQsHUQ1RSUBXGEhQEBVaXEUbUlsLUwpVFEFYH0QDUQoeWA0BDABPEQUaWVALRBEUAxBKWlkBQhAYWltbBwxHBg==&ext=c3JuZD1wcmVtaXVtLWFzaWE=) . It is teaming up with investors Facebook Inc. and Google, and Infibeam Avenues Ltd. to apply for a license from the Reserve Bank of India. - [Paytm said it processed 1.2 billion transactions in February]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tAA1NRVkVHWQVcT1BeDkpXUVBQS1MHGlUBTUkAHE1eGgddAlxbQRUWDUROSxYKRE5RChlRW1xYA0xZVlVfWVFJRAdJVFBZRkRLWQBBWgYRSBYLFQxOBRhXHQBQDQlQXFlJXAxbQlpUG09AEVkIFlEATA1bVkYX&ext=) , illustrating the level of penetration it has made in one of the world’s fastest-growing payments markets, where it competes with Google, Facebook, Amazon, and Flipkart-backed PhonePe. - The All India Mobile Retailers Association (AIMRA), which represents 150,000 mobile phone stores, urged [PM Narendra Modi to investigate Amazon’s business practices in India]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQLSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXR1JHQwNGEh1SDAhKABAVDQBYUEpRD1gbClceXgpVClQbXUgHEFUXUQkLQ0xRClBRVFYcDw5WUFtTGEYBQAdZVVBFQRoFVQ1fHAUKF0wDDAUZW1tIQBBWAwAUUFYUHAxbG11WDgtaBhUVCFERTBRcV1tdHBEAWFxEG1xQMWctc3cHdmYFX2c=&ext=) and impose a daily cap on a single seller’s online smartphone sales. - Citi thinks [bitcoin is at a “tipping point,” and could one day “become the currency of choice]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXVllQVEhXDl4eUVVXUE1RV0wEBEpSC00CClBdGgZFABhfQRUDFhkCFRIMQBNRClMVRVdYDBUZWl5CXBkXVR9DF11DX1s=&ext=) for international trade” as firms like Tesla and PayPal warm to it, and central banks explore issuing their own digital currencies. - A [Chinese state-backed hacking group has in recent weeks targeted the IT systems]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXR1JHQwNGEh1SDAhKABAVDQBYUEpYB1gNEVEeVAtDDFtXRFEQF0dOUQgBWQIVB1xRW1keAQldV1JFUBkMVQVbXEdEH0MHRgZWRU4MCwULAApOQlQGUwtXBEhUUlwBQxAYRVtRTwBcAkoHER0BUQtAXVZQHBEATUoaRVBXEUYPREAYUVtFCxkIV2QwLiYvUCAwUQV6&ext=) of two Indian vaccine makers whose coronavirus shots are being used in the country’s immunisation campaign, cyber intelligence firm Cyfirma told Reuters. [ACT Summit Series | Dileep Raman, Director, Cloudphysician Healthcare Pvt. Ltd.]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj16MmNzV0pJY0drWQ==) COVID-19 brought about an unprecedented crisis in India for the business ecosystem. ACT, a collaborative entrepreneurial movement, came together to help the ecosystem fight the crisis instead. Here is what Mr. Dileep Raman, Director, Cloudphysician Healthcare Pvt. Ltd. has to say about their journey. To know about more such inspiring stories, join us at the ACT Summit on March 4. Join us early to connect with founders and industry leaders through a networking session. Tune into the virtual event from 4.30 PM to 8 PM for learning from the leaders. [Register here!]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj16MmNzV0pJY0drWQ==) VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYFUgYNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNFR1cQ1JcQxUaGFxEERYRDhAYSgBbWEpWF00UF1weWAIcFFpEWRVQUgZS&ext= Before you go, stay inspired with... — Hans Tung, Managing Partner, GGV Capital VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVgkMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTBYKAgsACBBAWhdJTQtRVwgcB1YeBllZXBUPF0cIFRcQXxddFxlLQEtFAwhaWFVfWV0QTUtVV1BFVU5LVw5dQgYXEwAWCAsN&ext= “Startups need to work towards positive unit economics where there is a balance between growth and profitability.” Don't forget to follow us to get updates on the go [Facebook]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFEHUghF&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tSB1NcV1hdXEhXDl4eOgoQEzEVCxFNdgpd&ext=) [Twitter]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFEHUgdF&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tAEVlNQVJAGQVbDBxoDBAXMhYOFhp3Wg==&ext=) [Instagram]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFEHUgZF&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXXFlBQwdTE1JcTQYKDE0YCxZGRhFfEEA+BlZeGA==&ext=) [Linkedin]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFEHXwFF&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tYD15SUFNbWUhXDl4eAAoIEQMPHUxNWhBCEU0OF0AeVAtc&ext=) [Youtube]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFUDVQkPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFBEEFkxNWhBCEU0OF0BHQQ==&ext=) -- [Click Here]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgUPDkoFSFYHVwQPSQ==&sl=I0hsS2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGwhaDQIXW1QcTglBE0BFDBccTwEOCUxNWhBCEU0OF0Ac&ext=cD1zbXVuc3ViJm1pZD0zMTY5JnVpZD1bVU5JUUlEXQ==) to unsubscribe from this newsletter.