Astarc Ventures’ Salil Musale on investing in startups

[Click Here]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAQBSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGwhaDQIXW1QcTglBE0BFDBccTwEOCUxNWhBCEU0OF0AcRxZUFVxTRRYSCkQ=&ext=bmM9dm0mbT00MzgxJnU9W1VOSVFJRF0=) to see the web version VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFUFXwkOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxc&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= Daily Capsule | 22nd November 2021 Good morning, According to [Salil Musale, Managing Director, Astarc Ventures]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAQASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVVIbVhdVBktMFVFSRQlUAkZPH1EMFFEQTAsAXhcVFFtKQV5eDghbFFZFQVUWV0tGXFtDR0UDR0xAUA8MCUwPFBcCWFA=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) , the best way to choose to invest in businesses is by getting a sense of people building the businesses and technologies. This is why he moved back to India from Africa when he kept hearing about the momentum in the Indian startup ecosystem, especially in areas like automotive and agriculture, and how the sectors were getting disrupted with new innovations. This led him to establish Astarc Ventures, an early-stage VC fund. Apart from being an early investor in Pharmeasy, the fund has invested in the likes of Chingari, Freight Tiger, CredR, and many others. “For us, it was about helping these founders understand the organisational building, how can they scale a business, how can they look at teams and people, and building a culture. Since we have built many businesses, it is the value-add that I wanted to bring to these companies,” Salil shares. Check out YourStory's full coverage of TechSparks 2021 [here]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcGUQMOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTBYAABACDA==&ext=Y2F0ZWdvcnk9VGVjaFNwYXJrcw==) . Click here to download [YourStory’s Tech50 report]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcGXwUNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aElZfBx1LCA1OCBMbTApFEEoVCktKGhBUAF1FQlkQCUdOTAMGWFYISUZdRVdDFkwGCQUHG1wQWQo=&ext=) . Here are other highlights in today's Daily Capsule: - The Interview: Influencers Inc - Editor’s Pick: India’s first intimacy coordinator - Startup Spotlight: GoKwik - News and updates and more… The Interview [Keeping up the creative energy with Ranveer Allahbadia]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAUJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj01RnY3SnZCQU5pUSZhYl9jaGFubmVsPVlvdXJTdG9yeQ==) Ranveer Allahbadia, popularly known as BeerBiceps, is a man of many talents. Apart from being a creator, he is also an entrepreneur and a motivational speaker. Watch this episode of Influencers Inc by YourStory to hear his story as he delves into the nitty-gritties of being a creator. [Watch Now]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAIPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj1BQzRVSnlXQXRZaw==) Editor's Pick : India’s first intimacy coordinator Editor's Pick India’s first intimacy coordinator The role of an intimacy coordinator is to uphold the performance consent of the actor while filming intimate scenes, and at the same time, make sure that the vision of the director is achieved. Aastha Khanna may well be on her way to becoming India’s first intimacy coordinator, ensuring the comfort and well-being of actors who have agreed to participate in intimate scenes on sets. [Read more.]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAUISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTA0AExEVCxFNGlcAUAhOVAgcVgVCF11XH1MKA1oNWUsMXhdRCVVbTBVSDQ5GXV5YVEALRktDXE0aQVISRw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Startup Spotlight [Enhancing buying experience for customers]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAULSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVVIbRhFREE0UFRRAWAhHCltRH1oXG10NX0sASBNdFl1dW1tUTwJBSkNZWFEWR0tUC1YaUEUHWgVAHAYGCgwPBBYAURoEXRI=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) At Bombay Shaving Company, Chirag Taneja realised direct-to-consumer (D2C) brands face a lot of problems such as lower cash on delivery (CoD) conversion rates, return to origin (RTO) orders, and rising customer acquisition costs. In 2020, he founded GoKwik that solves for ecommerce, issues like increasing cash-on-delivery and check-out conversion rates and reducing return orders for clients. [Read more.]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAULSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVVIbRhFREE0UFRRAWAhHCltRH1oXG10NX0sASBNdFl1dW1tUTwJBSkNZWFEWR0tUC1YaUEUHWgVAHAYGCgwPBBYAURoEXRI=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) News & Updates - Mahindra Group Chairman [Anand Mahindra came out in support of an indigenously-designed motorised wheelchair vehicle]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAUKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVVIbVAtRDF1MCFhbXgpVEVQbRVAHB1gAUAcMQk5RDUAVWFlVEABHFlZbRQ==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) built by IIT Madras' TTK Center for Rehabilitation Research and Device Development (R2D2) team in collaboration with NeoMotion. - Pune-based brain stroke and neurology healthtech startup [iCardin (Nuclius Health Pvt Ltd) has reportedly raised $100,000]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAUNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVVIbUxBeBlAPAhRSWwFDFxhfUVkQBl0NFQgARRFXSVdZR10cERVVS0NDRRkOXRJVV1FFUxoWVRVWXUwECBE=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) from UK-based businessman Jitendra Patel, who operates the Grandbydale drugstore business. In Case You Missed It* *A roundup of interesting stories from global media organisations; YourStory has not verified this content and does not vouch for its accuracy - [Madhya Pradesh police said they had charged senior executives of Amazon.com's local unit under narcotics laws]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAUMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXR1JHQwNGEh1SDAhKDAMTDwZARkpREVAASlBdUw1QTkVZXlEBBxkAUAcXVwYVBVlZT1dfTwRMXFRFGFUIWANXXFEaX1YUXQtGUA0ESBIPFAMEWFwLV09aABZcHgVUA1IYBwMVUFIb&ext=) in a case of alleged marijuana smuggling via the online retailer. - [Apple delivered a message to employees that workers may discuss wages, hours and working conditions]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAUPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXR1JHQwNGEh1SDAhKAxcSDQ1RRhYfA0kRCVweQwFdD0YbRVcQCVERS0sRWAZBSVxZQ10cEAhTUUMbUV0XVxNDShhAU1ADR0xEXhEODA8FTAcMWlEMRAtWDxYUAQdWAE4EBx8KUk0=&ext=) . The notice came as some employees have been pushing Apple to do more to ensure there are no unfair gaps in pay across the company. - According to global surveys of purchasing managers, [the world economy is unable to shake off the coronavirus crisis]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUAUOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXV1tdWAtWBEFWTQYKDE0PARRHGgRCFlACCVxAGFYBUQQbAwlPUARMSwMGXw1cSUNRW0xUEExbXxpBWlFJQA5CXFRDV1kVGQZfXgEECUwHAgsNW1gcHQdaDkhOVlIPHAJdU1Nc&ext=) amid persisting supply disruptions, soaring prices and resurgent outbreaks. Tracking software delivery performance is extremely crucial for most businesses. Craig Dickinson will take you through the ‘how to’ of tracking. November 24 | 10 AM . [Register for free]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUwUASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tXCl9MUVhcVg9GT0RYFw0CDg0GCAYaVgpd&ext=) VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUwcNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tSCUJUG11dQwBbE14fAAoITlBQV1EEB1MAUQ9ZVAkHBg==&ext= AI Startups in Germany - Evolution and Impact. [Listen to Vanessa Cann's session on Evolution & Impact of AI based startups in Germany at all AI 2021.]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=VQcBBkoFSFcHUgYASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tEClFXG0RXUg0aCF1FBglLAg0MSwJYWUhRCwtRVwg=&ext=dHJhY2tTcmM9eW91cnN0b3J5bmw=) Make a note to attend the curated Security and Compliance certificate workshop at the AWS Fintech Forum. This incredible session will feature a lightning talk by Jaydeep Ruparelia, CEO and Co-founder Infopercept. 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