28 Jun 2019

Startup NEWS, June 28, 2019

1. Startups cheer differential voting rights 

  • #Indian #startups have welcomed markets regulator Securities and Exchange Board of India’s (Sebi’s) approval for issuance of shares with differential voting rights (DVRs), although clarity is awaited on the sunset clause for such dual-class shareholding and the net worth limit for shareholders with superior voting #rights.

source- ET

2. Accelerator launched for startups that make tech for disabled 

  • Called ‘Quest for Assistive #Technologies’, the 3-month accelerator that will support upto 10 #startups, and provide them funding of upto Rs 20 lakhs.
  • An accelerator to support #startups that work on technological solutions for the disabled was announced by Tata Trusts-backed Social Alpha, #IT services company Mphasis and government-backed non-profit Biotechnology Industry Research Assistance Council (BIRAC) in the city today.

source- ET

3. HDFC Life partners with IvyCamp to launch Futurance, a programme for startups

  • #Life insurance solutions provider HDFC Life Insurance Company has entered into a strategic partnership with IvyCamp, an arm of IvyCap Ventures Advisors to launch HDFC Life `Futurance’, a program for #startups.
  • This partnership is in line with IvyCamp’s ongoing efforts to create deeper connects, alliances and co-development opportunities between corporates and #startups for mutual #business benefits.

source- ET

4. Sebi tightens disclosure norms on pledged shares, approves DVR framework for tech startups 

  • The markets regulator’s board, which met in Mumbai on Thursday, also approved a #framework for issuance of shares with differential voting rights (DVRs) for tech startups keen on listing on #Indian bourses.
  • It has been suggested that the DVRs should currently be restricted to only new tech firms.

source- ET

5. Software rental firms turn the spotlight on India 

  • Freshworks, a smaller #Indian rival of Salesforce, rented a blimp urging the visitors to “Hit Refresh” and explore its #customer engagement #software, at the cloud-based customer relationship management company’s event, billed ‘Dreamforce’.
  • Just as Bengaluru rose to prominence as a #technology services #hub, Chennai has silently become the SaaS capital.

source- ET

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Philomathes (pronounced as fillo-MAY-thus) is a fictional character at VAYUZ (https://www.vayuz.com), who is on a never ending journey called “LEARNING”. In a way, Philomathes embodies VAYUZ - Way of life, which is if you are not learning then you are not breathing. The word Philomathes, comes from the Greek roots philo and philein meaning "to love" and the Greek roots mathos (MAH-thos) and mathesis (muh-THAYSIS) meaning “learning”. Philomathes through his Blogs and Vlogs (Video Blogs) will share his experience, learnings and thoughts. In his tryst to learn and understand, he would also seek answers to questions. So if you would like to join him in this incredible journey called “ life” then feel free to write to him on philomathes.jigyasu@vayuz.com. Always remember, knowledge is all around us, we just need to keep our guards down and senses on.

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