<img class="gwt-Image" src="/photo/53830949.cms" style="width: 800px; height: 600px;" /> At <keyword id="6368309" type="COMPANY" weightage="20" keywordseo="Urban-Ladder">Urban Ladder</keyword>, a lot of effort has gone in the past few months to ensure what you see is what you get, and that too real quick. 
 
We will get to explaining how folks here have been able to do it, but before that here’s what the focus is at the moment – catering to the needs of India’s new home owners. Basically, teams are relentlessly working so that you can get an entire solution which is mixed and matched in a way that it suits your budget and blends into your life perfectly. 
 “We are offering a pretty comprehensive solution for people who are moving into their new houses. A lot of the work has been around that lately,” <keyword id="2480022" type="PERSON" weightage="20" keywordseo="Rajiv-Srivatsa">Rajiv Srivatsa</keyword>, co-founder of Urban Ladder, told Business Insider, when we went down to their office in Bengaluru recently. 
 This <keyword id="6368349" type="UNKNOWN" weightage="20" keywordseo="online-furniture">online furniture</keyword> and home décor company, selling single pieces of furniture, decided to introduce this service after it received requests from customers seeking complete solutions for their new houses. 
 
“We were flooded with such requests, and so we started digging into this from implementation point of view to see how we could offer this service differently compared to other online and offline interior designers, architects and branded players. In the last six months, we have invested in making his whole solution extremely customer-centric,” Srivatsa said. 
 
He explained how – “We went back to the physical product to see how all of this could be packaged together if we wanted to provide customized room solutions to customers.” 
 
Teams came together to work on the physical product– in terms of the design and material to make sure products delivered could be in line with what the customer needed. 
 
“Let’s say, if I have to deliver furniture for the room, it should go with the colour scheme of the wardrobe. We never had to worry about these things earlier because we were selling single pieces of furniture, but now the entire product range had to be really coherent and we worked real hard to get that right,” Srivatsa said. 
 
So much about the product fine-tuning. They also had to ensure their service was quick and extremely personalized for a delightful experience. 
 
Srivatsa said – “We automated and productized different areas for this. For example, between the times you would register on our site and we would come to your house earlier, we had a few processes in place to get more information about you. But mostly, we would ask you several questions during the visit, and then try to give you options on-the-spot as per your requirements. Often, it wouldn’t convert into orders as it was not a very personalized experience as we thought it to be.” 
 
So folks here came up with a fresh idea. They now gather more details about customers before making a home visit. What’s interesting is when you register on their website; you may find yourself answering questions around your lifestyle – "How many people are there in your family, what kind of house do you have, what are the styles you like". It is to determine your likings and disliking, basis which they expect to make more accurate recommendations. 
 
Srivatsa elaborated - “Our design consultants are better equipped to help you get what you want when they make a home visit, because they have pre-cooked options as per your preferences. It’s a better and more personalized way than when they would try to figure out choices for you on-the-spot.” 
 
He also said that by bringing in technology, Urban Ladder is also focused at making things more process oriented - something rivals in the online furniture segment are still struggling with. 
 
“Others will come to your house, get your details in writing or feed it into a laptop, go back and respond with options they have in two-three days’ time. Earlier the response time was the same for us, but now we send options to you within two-three hours of the home visit for say, wardrobes. The proposal we send has details like cost, material details, how it will look etc. If customers book large product range, they get the whole set in less than a month. Therefore, the turnaround and customer satisfaction is much better than earlier for our products and service,” said Srivatsa. 
 
What has come as good news for this company is the overall customer satisfaction. 
 
For the kitchen and wardrobe business, when it was in its infancy, customer satisfaction levels were less than the overall business, Rajiv informed us, as he added - “Because we have invested a heavy amount of energy into refining, finetuning and automating processes, materials and manufacturing, customer satisfaction has risen and is more than the core business of this segment. It’s a good thing because it helps build strong word of mouth.” 
 
Aware that Urban Ladder products have earned itself good reputation among customers, when we asked the co-founder what they were doing to ensure high customer satisfaction levels for their single piece furniture, Srivatsa said, “We have implemented a huge backend system to automate the entire management system. Work is being done on automation, tech, product and processes all the time, but what you will see in the next six to twelve months is that we will be fine-tuning most of them. Having said that, today it is far better than it was six months ago. So, we are constantly evolving in our endeavour.” 
 
Today, for a wardrobe, you will get a proposal by Urban Ladder almost immediately after home visit because the process is fully automated. Two months’ back, it would take at least two to three days’ for the company to respond with options. Similarly, for kitchen, it takes a day or two right now, but once the processes in this domain are automated, pre-proposals would reach customers almost immediately. 
 
Srivatsa said – “Urban Ladder’s first Wardrobe App was introduced one year back, the process improvements in it were done three months back, we started quick pre-proposals two months back, and the automatic proposal after your visit was implemented merely three-four weeks back. Like I said, we are continuously evolving, and we will do a lot more automation in the days to come to make the customer experience delightful.” 
 
What others need to learn from Urban Ladder’s goals: 
 
Urban Ladder Founders are still looking to grow to 2.7X times this year, provided some of their costs are lesser than last year. 
 
The long-term focus at Urban Ladder is largely on making business efficient towards sustainability - “We think we can drive business to a point where its profitable on its own in one or two years. We avoid going the discount way because we want to make our business sustainable, and sustainability has a lot more than just providing discounts to customers. It is about very intelligent pricing and understanding what customers are willing to pay for a product, when does it become too expensive or cheap for them. We have got the pricing game very right,” said Srivatsa. 
 
Planning for the inventory from the suppliers – The company is in touch with a strong consulting firm to make sure it can do inventory planning in a very strong way so that it does not hold too much or too little of products. 
 
Reducing costs –How it can optimize entire supply chain to route materials in a way where it is reaching customers faster, but at the same time not being transported more times than actually required. Srivatsa said - “We are also trying to see if we can we optimize marketing so that it becomes a low two-digit figure. We want to work on bringing these costs while keeping our fixed costs the same.”

Why Urban Ladder has
earned reputation among customers, and what rivals can learn from them

<img class="gwt-Image" src="/photo/52656225.cms" style="width: 800px; height: 600px;" /> In July 2012, <keyword id="1870519" type="PERSON" weightage="100" keywordseo="Ashish-Goel">Ashish Goel</keyword> and <keyword id="2480022" type="PERSON" weightage="100" keywordseo="Rajiv-Srivatsa">Rajiv Srivatsa</keyword> decided to take the plunge and start <a href="http://www.businessinsider.in/How-UrbanLadder-got-Ratan-Tata-on-board-as-an-investor/articleshow/52649231.cms">UrbanLadder</a>, an online <a href="http://www.businessinsider.in/searchresult.cms?query=furniture&amp;sortorder=effectivedate">furniture</a> website with the aim of making beautiful homes. 
 
“We decided to go online at a time when no one could even think that people would buy furniture on the internet,” says Srivatsa, highlighting the risk of their venture. 
 Thankfully for the duo, investors saw the Bangalore <keyword id="2539960" type="UNKNOWN" weightage="100" keywordseo="Urbanladder">UrbanLadder</keyword>’s potential and came calling. From <a href="http://www.businessinsider.in/searchresult.cms?query=SAIF+partners&amp;sortorder=effectivedate">SAIF Partners</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=Sequoia+Capital&amp;sortorder=effectivedate">Sequoia Capital</a> to <a href="http://www.businessinsider.in/searchresult.cms?query=kalaari+capital&amp;sortorder=effectivedate">Kaalari Capital</a>, Steadview Capital and <a href="http://www.businessinsider.in/searchresult.cms?query=ratan+tata&amp;sortorder=effectivedate">Ratan Tata</a> himself, the <keyword id="3397759" type="UNKNOWN" weightage="100" keywordseo="online-furniture-website">online furniture website</keyword> became quite a hit. 
 
Add their efficient customer service and beautifully designed products to the mix and four years later, UrbanLadder has managed to establish itself as India’s leading furniture and home decor destination. 
 
The <a href="http://www.businessinsider.in/searchresult.cms?query=startup&amp;sortorder=effectivedate">startup</a> that raised 50 million in funds last year claims to be looking at another funding round next year of the same value with the hope of breaking even on their mind. 
 
“From the $50 million that we’ve received last year, we intend to pump in $15 million this year to expand and stabilise our brand,” Srivatsa tells us. 
 
An<a href="http://www.businessinsider.in/searchresult.cms?query=iit&amp;sortorder=effectivedate"> IIT</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=iim&amp;sortorder=effectivedate">IIM</a> graduate himself, Srivatsa, the COO and co-founder of UrbanLadder talks to Business Insider about leadership, company strategies, the startup ecosystem and how tough it is to hire the right candidate. 
 
<img class="gwt-Image" src="/photo/52656276.cms" style="width: 800px; height: 600px;" /> 
 
 
What was the idea behind starting an online furniture website like UrbanLadder? 
 
Four years back, we started out with one thought, ‘India has a lot of homes. Can we make those homes beautiful?’ 
 
When you take a call to start a business based on that vision alone and not anything else, the way you go about your business is very different. 
Our aim was to go about in a way so that the end product would be a beautiful home. This meant that we had to focus on three aspects in a very strong way. Those were- 
 
1. We had to get a product that was fantastic: When I say fantastic, I mean it had to be designed well and in a way that you’re proud of. But, there was a catch. The beauty couldn’t come at a very high cost. The beauty had to come at a cost which was meaningful and a quality which was long-lasting, because Indian customers value the quality, right? So product and beauty of the product was a very very strong point. 
 
2. Second comes the service: This is not one of those businesses where I just deliver the product outside the house and my job is done. It requires service as well. I need to help you install the product, arrange it in a way you like it and even help you take regular care of it. So essentially, in this category the service also becomes a part of the product. And, we had decided early on that our service needs to be top-notch so that the customer is worry-free. 
 
3. The third aspect was technology: To ensure that UrbanLadder reached as many people in as many cities as possible, we had to take it online. And, here the quality of technology played a very big part as it would help the customers visualise how our products would fit into their space. 
 
So, essentially brand UrbanLadder is nothing but an execution of these three aspects. 
 
How do you think these three core aspects helped UrbanLadder stand out as compared to other brands? 
 
The result of this was that we didn’t have to talk price or discounts. All that did the talking were our products. Giving discounts and indulging in crazy pricing would have made sense until a year back when people were still pumping money into businesses. It makes absolutely no sense right now because of the slowing down of the startup ecosystem and I’m proud that we stuck to our guts. 
 
One decision that you’d taken in the early years that you wish you could undo? 
 
We initially started with third party services for pour deliveries. The idea was to rely on these well established players and get them to help us with deliveries. But, it turned out to be quite a catastrophe and in one month we pulled back these delivery services from all over India and realised that we can’t make our brand happen if we depend on someone else. Our vision would go for a toss, our customer service score would go for a toss. So, we just decide to do it ourselves. That is how we started doing everything inhouse, right from the delivery to the installation. 
 
 
<img class="gwt-Image" src="/photo/52656360.cms" style="width: 800px; height: 600px;" /> 
 
What would you say are some strategies that help UrbanLadder grow as a brand? 
 
Firstly, you would notice that any typical marketplace will generally have 50,000 or more products, but not us. We have a little over 4,000 products. That’s only because we don’t want to crowd our side with incessant product additions everyday but instead create value with each of our existing products. By having a slightly less number of products, we ensure that we’ve been thoughtful with every product that’s on the site. 
The second thing that I believe has helped us is our clear perspective on how we want to grow year on year. Last year, our business grew 3x. This year, our aim is to grow 2.7 x. The following year we’re looking to grow around 2.5 x. The reason you don’t see us making claims of wanting to grow 5x or 4x is because we want to grow in a way that would actually help profitability and allow us to hold the customer service experience really strong. 
 
UrbanLadder is about to complete four years of existence. What would you say are some of the decisions that has helped the brand through the years? 
 
We’ve always stuck to a pricing which is reasonable to a sustainable economic situation and that decision has helped us in establishing a fundamentally sound business that can shoot for profitability in the next two years. 
 
Does that also mean that you don’t take too many risks and play it safer than the others? 
 
We see risk very differently. For us, any innovation related to our three aspects is a risk. For example we just introduced a very ethnic Indian range on our website. UrbanLadder has never done anything like this before, so for us this is out of our comfort zone. 
 
We don’t want to have products that we later have to recall. We don’t want out customers to say, ‘I’m never going t buy this product’ Our aim to is to be very thoughtful with every product. That’s our priority. 
 
Tell us how UrbanLadder incorporates technology in its operations? 
 
Tech innovations are very important for us. Infact, we were the first ones to invest in AR/VR two years back. 
 
We have an app called Living spaces where customers can look how our sofa looks in their living rooms with the help of augmented reality. It basically happens by superimposing the model on a camera and that’s been a big proponent of how we sell so fast. This helps customers figure out how a product would look n their space. A big challenge with AR is that you have to ensure it doesn’t look fake because your surrounding are real. 
 
<img class="gwt-Image" src="/photo/52656393.cms" style="width: 800px; height: 600px;" /> 
What would you say has worked for UrbanLadder that quite hasn’t for other players? 
 
I think, the scale at which furniture is bought on our website is something that no other player can boast about. We’ve actually managed to get customers to shop for furniture online. Plus, no other player has even managed to come half at par with the level of service that we offer. 
 
What are the areas you are looking to invest heavily this year? 
 
Our focus like always is to be thoughtful more than anything. But there are a few things that are a priority for us this year. One of them is to leverage what we already have, and especially our new interior business. 
 
Secondly, of late, sofas as a category are taking off so our aim is to have a wide range of sofas that are easily configurable. 
 
Additionally, we are also changing the interface visually on the website so as to ensure the customer buying experience is very different. 
 
Is hiring a difficult process for a company as unique as yours? 
 
It’s tough to find the right candidate when you’re a startup. A lot of people are not okay with the possibility of their job being at stake even if they perform well, though the number of people who are open to joining start-ups are much more now as compared to four years back. 
 
At UrbanLadder, what we try to do is instead of getting a lot of senior people on board, we look to hire MBA graduates with 2-3 years of experience and groom them in a way that they are able to make decisions tomorrow and face challenges. We have only 3-4 senior people in the company. 
 I believe, the media plays a big role here. They should start talking about stuff other than funding news. We need more success stories, learnings, how entrepreneurs have solved problems to get people to broaden their view of <keyword id="6362513" type="ORGANIZATION" weightage="100" keywordseo="Startups">startups</keyword> 
 
How do you think IKEA’S entry into the Indian market will affects players such as UrbanLadder? 
 
I’d like to believe that the Indian furniture market is big enough for every player to fit in. But, it all depends on execution. IKEA is a fantastic brand and their execution is top-notch so the challenge for us is to hold on to our value propositions, execute and innovate well. 
 
Have you thought about entering the office interior space? 
 
Not as of now. I mean, it is a massive opportunity, no doubt, But it’s also a very different segment that requires different products. But, I’ll never say never.

Exclusive: UrbanLadder
will be profitable in 2 years, will likely raise close to $50mn next year

<img class="gwt-Image" src="/photo/52649341.cms" style="width: 800px; height: 600px;" /> In July 2012, <keyword id="1870519" type="PERSON" weightage="100" keywordseo="Ashish-Goel">Ashish Goel</keyword> and <keyword id="2480022" type="PERSON" weightage="100" keywordseo="Rajiv-Srivatsa">Rajiv Srivatsa</keyword> decided to start <a href="http://www.businessinsider.in/searchresult.cms?query=urbanladder&amp;sortorder=effectivedate">UrbanLadder</a>, an online <a href="http://www.businessinsider.in/searchresult.cms?query=furniture&amp;sortorder=effectivedate">furniture</a> site with over 1000 products across 25 categories carefully designed to align with anyone’s idea of a ‘beautiful home.’ 
 
At a time when the idea of buying furniture online was unthinkable, Goel and Srivatsa not only took a big leap, but also were confident that they would get people to buy furniture online. 
 
And, two years later, an investment by <a href="http://www.businessinsider.in/searchresult.cms?query=ratan+tata&amp;sortorder=effectivedate">Ratan Tata</a>, the chairman emeritus of <a href="http://www.businessinsider.in/searchresult.cms?query=Tata+Sons&amp;sortorder=effectivedate">Tata Sons</a> in their venture gave the duo the boost that they needed. 
 Recalling that moment in 2014, Rajiv Srivatsa, COO and co-founder talks to Business Insider about how <keyword id="2539960" type="UNKNOWN" weightage="100" keywordseo="Urbanladder">UrbanLadder</keyword> got <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword> on board as an investor. 
 
“Ratan Tata investing in Urban Ladder was definitely one of the high points for us. Infact, we were the second <a href="http://www.businessinsider.in/searchresult.cms?query=ecommerce&amp;sortorder=effectivedate">e-commerce </a>venture he invested in,” says Srivatsa. 
 
According to him, what worked for them was the fact that Ratan Tata’s philosophy of building a brand in India coincided with UrbanLadder. 
“He believes in a brand holding everything end to end, right from the supply chain to delivery and holding the design internally. These are also the things that we as a barnd identify with,” explained Srivasta. 
 
When asked what Ratan Tata liked about UrbanLadder the most, Srivatsa was quick to reply, “He liked our attention to detail- the nuances in our design the most. I think that kind of took him back to the times when he was into architecture. That is something he was relate to the most” 
 
His personal interest in furniture and his background in <a href="http://www.businessinsider.in/searchresult.cms?query=architecture&amp;sortorder=effectivedate">architecture</a> were a bonus, Srivatsa believed. 
 
Ratan Tata holds a degree in architecture from Cornwell University. Prior to UrbanLadder, he had also invested in <a href="http://www.businessinsider.in/searchresult.cms?query=snapdeal&amp;sortorder=effectivedate">Snapdeal</a>. 
 
Apart from Tata, UrbanLeader also boasts of investors such as <a href="http://www.businessinsider.in/searchresult.cms?query=SAIF+partners&amp;sortorder=effectivedate">SAIF Partners</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=kalaari+capital&amp;sortorder=effectivedate">Kalaari Capital</a>, Steadview Capital and <a href="http://www.businessinsider.in/searchresult.cms?query=Sequoia+Capital&amp;sortorder=effectivedate">Sequoia Capital</a>. 
 
Image credit: Indiatimes

How UrbanLadder got Ratan Tata on board as an investor

<img class="gwt-Image" src="/photo/48912390.cms" /> 
If you say 'no' to a job offer from an <a href="http://www.businessinsider.in/searchresult.cms?query=e-Commerce+">e-Commerce</a> company, job search firms might <keyword id="387612" type="UNKNOWN" weightage="80" keywordseo="Blacklist">blacklist</keyword> you to avoid embracement. In the past three to six months, a deluge of offers from cash-flush <keyword id="35621" type="UNKNOWN" weightage="100" keywordseo="e-commerce">e-Commerce</keyword> firms has seen a proportionate rise in the number of offers being turned down by senior level executives. 
 
This left the companies stumped and head hunters red faced. As a result, various job search firms have started blacklisting such executives who have replied in negative to <a href="http://www.businessinsider.in/searchresult.cms?query=employment+">employment</a> offers in the e-Commerce firm. 
 
According to estimates from four leading search firms, the offer dropout rates for the last three months have shot up by 30-40%. For the 12-month period, it has risen by 60-80%. 
 
Senior-level candidates rejecting offers in the e-Commerce space is around 40% now, double of what it is for any other sector, with the maximum offer drops being in the product management space, followed by core IT. 
 Executive search firm <keyword id="122960" type="COMPANY" weightage="60" keywordseo="Kelly-Services">Kelly Services</keyword> had more than 20 senior candidates drop offers at the last stage in the last two months. 
 
"Candidates are offer shopping like never before. We have seen candidates looking for jobs during the notice period they are serving and when they already have an offer with another company. They try to make the best use of the notice period by getting as many offers as possible," said Kamal Karanth, managing director at <a href="http://www.businessinsider.in/searchresult.cms?query=Flipkart+">Kelly Services &amp; Kelly OCG</a>, India. 
 
Warning signals include candidates not picking up calls, family members answering the phone to say the candidate is not well. "This is a reality in the e-Commerce space as the sector gets flooded with opportunities," said Ashu Malhotra, head HR at online retailer <a href="http://www.businessinsider.in/searchresult.cms?query=Jabong">Jabong</a>. Adding to search firms' woes is companies' unwillingness to settle for the second best candidate or a back-up option. 
 
According to search experts, NIT, IIT and IIM graduates are perpetual offer droppers. Typically, talents from these schools are in demand and candidates resort to arm-twisting with potential hiring organisations. "This is exactly what happened in the IT space in 2003-04. The e-Commerce industry is at a buoyant stage and candidates are making full use of it to get the best deal," said GC Jayaprakash, executive director at RGF Executive Search. 
 
A search expert cited the case of a senior manager who dropped an offer from <a href="http://www.businessinsider.in/searchresult.cms?query=Flipkart+">Flipkart</a> at the last minute to take up an offer from mid-sized startup <keyword id="6368309" type="COMPANY" weightage="60" keywordseo="Urban-Ladder">Urban Ladder</keyword>. "People who are moving away from big companies want more responsibility, accountability, and bigger roles," said <keyword id="2480022" type="PERSON" weightage="60" keywordseo="Rajiv-Srivatsa">Rajiv Srivatsa</keyword>, founder, COO at Urban Ladder. 
 
Usually, companies are unable to retain talent because of the huge salary jump being offered by competitors or allied firms. 
 
Talent, more often than not, is getting wooed by the money that this space offers and companies at times are willing to pay up to 60-70% more to attract the right talent. The tenure of executives in any organisation has started decreasing as more companies get formed in this space and a wider variety of jobs come into the market. 
 Abhiraj Bhal, co-founder of <keyword id="3048734" type="UNKNOWN" weightage="80" keywordseo="Urban-Clap">Urban Clap</keyword>, spoke of a mid-level hire who did not show up on his first day at work, after two months of communication. "Over the past few months, the exuberance in the ecommerce space has rubbed off on the talent pool. Salaries and expectations have gone up. We have offered salary hikes of 70-80% in roles like technology and people have choices and can make companies wait and hold on and we've not been immune to this," he said. 
 
Moreover, most funded companies are willing to poach talent, and at times, offer more than what candidates demand, said Karanth. Recently, Kelly Services was working on a requirement with an ecommerce company for a product management candidate with 12 years of experience. The candidate was keen on a 40% hike. The company he interviewed with offered him 50%. The candidate, however, never joined and bargained for a hike in another company. 
 
(Image: Indiatimes)

Think twice before you say ‘no’ to offers in e-Commerce firms! Search firms might blacklist such people

<ul><li><keyword id="387319" type="PERSON" weightage="20" keywordseo="antler">Antler</keyword>, which invests in early stage startups, has set up shop in India with Rajiv Srivatsa, co-founder of Urban Ladder as a partner. </li><li>While it has begun operations in Bengaluru, over the next four years, it plans to expand to several more cities and invest in a total of 150 startups.</li><li>The fund is betting on India’s vision to grow into a 5 trillion dollar economy. </li></ul>Singapore-based Venture Capital fund Antler, which invests in early stage startups, has set up shop in India with Rajiv Srivatsa, co-founder of Urban Ladder as a partner. Antler has investments in over 160 companies globally, and now plans to invest in 40 <keyword id="982553" type="PERSON" weightage="20" keywordseo="Indian-startups">Indian startups</keyword> in its first year of operations. The company’s decision to enter India comes at a time when investments are low and businesses are hit due to the coronavirus pandemic, the fund hopes to scale up operations soon. While it has begun operations in Bengaluru, over the next four years, it plans to expand to several more cities and invest in a total of 150 startups. “We believe the Indian entrepreneurial ecosystem has massive potential. The quantity of exceptional talent, the ambition level of founders and the proliferation of high-quality venture capital and angel investors provides an incredible opportunity to build successful early-stage companies from scratch,” said Magnus Grimeland, Founder and CEO of Antler. Grimeland added that he is betting on India’s vision to grow into a 5 trillion dollar economy which will fuel “a much higher growth for the digital economy”. “We will launch an India fund and collaborate with the entire ecosystem including VCs, angels and work closely with corporate partners and functional specialists as mentors, to power the India opportunity ahead this decade,” said Srivatsa who will be leading the India vertical. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/this-indian-angel-investment-platform-has-invested-in-eight-cos-in-60-days-and-plans-to-fund-startups-every-week/articleshow/76082960.cms">This Indian angel investment platform has invested in eight cos in 60 days and plans to fund startups every week</a> <a href="https://www.businessinsider.in/business/startups/news/india-drops-six-places-in-the-ranking-for-worlds-best-startup-ecosystems/articleshow/76057610.cms">India drops six places in the ranking for world’s best startup ecosystems⁠— power outages and slow internet speeds get some of the blame</a> <a href="https://www.businessinsider.in/business/startups/news/hiring-now-check-out-these-job-openings-at-indian-startups-during-the-covid-19-pandemic/articleshow/75963395.cms">Hiring now! Check out these job openings at Indian startups during the COVID-19 pandemic</a>

Global VC fund Antler, with tech investments in 160 cos, sets up India specific fund – to invest in 40 Indian startups in its first year

<ul><li>Angel investor <keyword id="14025441" type="General" weightage="20" keywordseo="gergely-orosz" source="Orion">Gergely Orosz</keyword> alleged that <keyword id="1546480" type="General" weightage="20" keywordseo="manish-maheshwari" source="Orion">Manish Maheshwari</keyword> had earlier said he would leave the company but has now gone back on his word.</li><li>He also accused the former Twitter India head of bullying co-founder <keyword id="12741314" type="General" weightage="20" keywordseo="tanay-pratap" source="Orion">Tanay Pratap</keyword> by threatening to sue him using the company's funds.</li><li>The company had already raised $5 million from 70 top global leaders, including Future Group’s Kishore Biyani, Infosys’ former executive TV Mohandas Pai.</li></ul>The ongoing troubles of Invact Metaverse took a dramatic turn after one of the angel investors accused the co-founder Manish Maheshwari, former Twitter India head, of lying and bullying. The angel investor Gergely Orosz, a software engineer and an author, wrote an email to investors of the company alleging that Maheshwari had earlier said he would leave the company but has now gone back on his word. He also accused Maheshwari of wanting ‘more equity than vested’. “Manish has been bullying Tanay [Pratap, co-founder and CTO of Invact] into silence, threatening to use the company funds of $1.7M - including our angel investment money - to sue him, should Tanay speak ill of him in public. This broke the straw with me, as that includes my money: which I never invested to be used as an instrument of a co-founder bullying the other one,” Orosz said in the email accessed by Business Insider. Earlier this week, Maheshwari announced that he is considering winding down his latest venture <keyword id="13123458" type="General" weightage="20" keywordseo="invact-metaversity" source="Orion">Invact Metaversity</keyword> — a higher education platform set up in the metaverse — barely six months of its launch. He also acknowledged the differences he had with the other co-founder Tanay Pratap, former Microsoft executive, over the vision of the company. “We are now standing at crossroads exploring possibilities such as (a) cutting the burn rate and pivoting to another idea, (b) letting one of the founders take full charge, or (c) returning the unspent capital to investors,” Maheshwari noted. The company had already raised $5 million from 70 top global leaders and founders, including Future Group’s Kishore Biyani, Infosys’ former executive Mohandas Pai. Orosz was one of the earliest investors in the company. <cmsannotation type="cmsannotation" annotationid="Here is the copy of the email" comment="subhead" text="Here is the copy of the email">Here is the copy of the email</cmsannotation> Fellow angel investors in Invact Metaversity, I am writing to you to share a sad situation and ongoing struggle with Manish Maheshwari, co-founder and CEO of Invact. As context, I am an angel investor in the company and someone who has known its co-founder, Tanay, for some time. I invested in the company because of Tanay's track record on building products, for teaching hundreds of students, and his high level of integrity. Some more details about me. After receiving Tanay's email titled "IMPORTANT: Disclosure of Invact Inc's current status. For Angel Investors of Invact Inc."on Sunday, 22nd May, I became worried about the company, and my investment. I got involved talking with both co-founders.” Tanay immediately responded and outlined the situation. Manish gave no details, no updates. He updated his LinkedIn and Twitter, sharing a story of the product failing - which I confirmed as not true - before emailing us, angels the same text. I talked with employees and Tanay, and learned a few unsettling things: <ul><li>Manish lied to his team. He polled the team at Invact what the best next steps for the company should be on 29th April. The team suggested he leave, Tanay take over. Manish agreed he will do this. However, later walked back on his agreement. He told the team his principles don't allow him to step down.</li></ul><ul><li>Manish has been bullying Tanay into silence, threatening to use the company funds of $1.7M - including our angel investment money - to sue him, should Tanay speak ill of him in public. This broke the straw with me, as that includes my money: which I never invested to be used as an instrument of a cofounder bullying the other one.</li></ul><ul><li>Manish keeps walking back on promises he made to named investors, then breaking them. Named investors were meeting the terms he put up to accept the exit settlement so the company can continue operating. He then walks back on these terms. He has been doing this for weeks. He blames this on his la</li></ul>The situation of the company is this from what I observed: <ul><li> All employees have full trust in Tanay to take on the company and build their product that is impressive, given only four months of development. Internally, Manish praised the product, and the progress to the team, as I confirmed talking with employees. The team was shocked that Manish talked down their product in public, as he was preparing his exit.</li><li>No current employees trust Manish to stay. They feel he has misled them too many times. I have talked with most of them to confirm this is the case.</li></ul><ul><li>Named investors support Manish leaving the company on fair terms, and Tanay and team continuing to execute.</li><li>Manish is keeping the company hostage. He controls the majority of votes and is refusing to sign agreements which he confirmed he would sign to leave. Named investors and employees all want him to leave, taking fair terms. In a strange way, everyone's hands are tied until he steps down.</li></ul>I decided to step in to see if I can resolve conflicts, using my public presence to get Manish to agree to a call. Manish took a call with me to address the situation, where he lied to me, and walked back on our agreement shortly after. On this call - that I have recorded, fearing what would happen on Manish denying his words. Manish said that the only thing keeping him from taking the buyout offer is if he gets to keep his vested shares. He said he does not want anything else: no cash, no nothing else. I agreed to both remove my public mentions of him, and to help make this happen on the condition that he signs. The named investors updated the contract. I removed all public mentions. I kept my side of the deal. Manish then refused to sign and walked back on all we agreed on. He now asks for more equity than he vested, a significant amount of cash - which he told me he would never do - and a board seat. I have since learned Manish uses this tactic of agreeing, then walking back on his co-founder, the employees and the investors. I am lost for words, and shocked at how the former Head of Twitter India does not honour his promises, and how he is only looking out for his own, personal interests. His actions are hurting investors - he wants to take our cash for himself - it's hurting employees, and hurting future customers. We are here: negotiations are frozen between named investors, after Manish walking back on an offer said would be good enough for him. The named investors are weighing the interest of the company, employees, investors and have offered a package that is more than fair, given the situation. We are all waiting on Manish to act like a professional does: keep his word, and sign a deal he agreed he would sign. I ask you to do at least one of this: <ul><li>Call Manish and ask him to act reasonably. Take the offered fair package that he has told me several times, in person, that he is happy with: his vested shares and nothing else. He has an agreement ready to sign. He has lost all support from his employees, misrepresented the value of the company, and is misleading named investors. Still, he asks for more shares than vested, cash - which the company needs - and a board seat to leave? All after confirming he will not ask for any of this? One that I have proof of that he said so.</li><li>Call Tanay and offer him support. Tanay is not talking with anyone in public, fearing Manish suing him using our investor money, and bullying him emotionally. No one should have to go through this, not from their fellow co-founder. Not if that co-founder has a reputation like Manish had until now.</li><li>Talk to names investors if you need more clarity. The named investors are fully behind Tanay, and are also in shock at how unprofessional Manish is acting. Contact details for named investors are:</li></ul>Hiran Embuldeniya , Nitin Sharma , Rajiv Srivatsa , Rahul Chandra I will close with this quote: “If you are neutral in situations of injustice, you have chosen the side of the oppressor.” I trust that I have updated you on the situation sufficiently - even if the CEO of the company and the one controlling - and holding it hostage as we speak - has failed to do so. Best, Gergely SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/pradeep-phosphates-ipo-lists-at-premium/articleshow/91826685.cms">Paradeep Phosphates lists at a 9% premium as Sensex and Nifty trade in the green</a> <a href="https://www.businessinsider.in/business/startups/news/the-edtech-bubble-is-bursting-as-schools-colleges-reopen-and-funds-dry-up/articleshow/91826696.cms" data-type="tilCustomLink">The edtech bubble is bursting as schools, colleges reopen and funds dry up</a> <a href="https://www.businessinsider.in/business/corporates/news/it-jobs-are-safer-than-startup-jobs-but-a-salary-bubble-burst-awaits-them/articleshow/91808349.cms">IT jobs are safer than startup jobs but a salary bubble burst awaits them</a>

Invact Metaversity saga takes a dramatic turn after angel investor blames former Twitter India head of bullying, lying — read the full email

<img class="gwt-Image" src="/photo/53501813.cms" />Online furniture seller <a href="http://www.businessinsider.in/searchresult.cms?query=Urban+Ladder&amp;sortorder=effectivedate">Urban Ladder</a> is growing its workforce and also empowering them. Rather than just hiring and giving a set of roles and responsibilities, <keyword id="6368309" type="COMPANY" weightage="20" keywordseo="Urban-Ladder">Urban Ladder</keyword> is harnessing its in-house talent and grooming potential <a href="http://www.businessinsider.in/searchresult.cms?query=future+leaders&amp;sortorder=effectivedate">future leaders</a>. 
 
"With over 60% of our workforce (650 employees) coming in over the last one year, we realised there is need to put in place a learning and development programme that is able to uniformly address all developmental needs of teams," Urban Ladder co-founder Rajiv Srivatsa told ET. 
 
Under its ‘EnabUL programme’, Urban Ladder is helping first-time managers with people management, goal setting and <a href="http://www.businessinsider.in/searchresult.cms?query=time+management&amp;sortorder=effectivedate">time management</a> skills, etc. 
 
"We ensure we spend time coaching and mentoring, and work towards keeping our one-on-one connect intact with the team. We make ourselves available as sounding boards, problem solvers, coaches and mentors whenever someone needs us," he told ET. 
 
Many employees who exhibit exceptional skills and demonstrate drive to handle critical problems within months of joining Urban Ladder, they get rewarded. 
 
Urban Ladder is also letting its women workforce grow, particularly at the mid-level, mentoring them and helping them deal with <a href="http://www.businessinsider.in/searchresult.cms?query=work-life+challenges&amp;sortorder=effectivedate">work-life</a> challenges. Women comprise 38% of the company's workforce. 
 
Leadership expert Nina Chatrath, founder of Enhance Consulting, told ET that companies need managers who can provide both quantitative and qualitative feedback to employees under their charge. 
 
(Image: Thinkstock)

Here’s how Urban Ladder is empowering its employees and letting them take charge

<img class="gwt-Image" src="/photo/47551823.cms" /><keyword id="6360722" type="PERSON" weightage="80" keywordseo="ratan-tata">Ratan Tata</keyword>’s investment in fashion portal for women's wear- Kaaryah- has highlighted how business tycoons are showing keen interest in start-ups and backing ideas and designs. 
 Nidhi Agarwal, founder of <keyword id="2741894" type="UNKNOWN" weightage="80" keywordseo="KAARYAH">Kaaryah</keyword>, said she had sought Tata’s investment after her father advised on it. 
 
It was only after her father pointed to a newspaper report about Tata funding eCommerce start-ups that Agarwal e-mailed on Tata's address. 
Three months on, her online fashion retail got the good news. 
 
So what does investment by Tata mean for her? "To begin with, your newspaper is calling me," the former Bain &amp; Company consultant told Economic Times, referring to media attention. 
 
She is one of the 10 entrepreneurs in India's fast growing start-up ecosystem who have received backing from Tata. 
 
Tata first invested in March 2014 in Altaeros Energies, a wind energy start-up founded by graduates of the Massachusetts Institute of Technology. 
 
“While instant fame is one of the advantages of having the 77-year-old former chairman as an investor, the aura of the Tata name can rub off on startups that need to stand out from the crowd,” Rajiv Srivatsa, cofounder of online furniture retailer Urban Ladder, told ET. 
 
Srivatsa’s company received an investment last November and since then Tata has discussed everything from furniture design to supply chains and customer experience in three half-day sessions. 
 
R Venkataramanan, a close associate of Tata who advises him with startup investments, did not reply to Economic Times for this story. 
 
Venture capital investor as Prashanth Prakash, a partner with Accel, told the financial daily that Tata's willingness to back entrepreneurs boldly stands out, and he is also able to fill the existing gaps in the industry. "It's really not about the money - he is willing to be upfront about associating with startups he picks, risking his own brand," Prakash who is a co-investor with Tata in online jewellery retailer Bluestone, told ET. 
 
So, what does it feel like to be making a pitch to Tata? ET reported that proposals are vetted by Venkataraman before they reach Tata, who usually has two questions to ask start-ups seeking an investment, the risk, and the opportunity. Founders usually have 30 minutes to make a pitch and a successful one will be valued as per the last funding round. 
 
(Image: Indiatimes)

If you want Ratan Tata to invest in your start-up, just ask him! Your wish might just get answered!

<img class="gwt-Image" src="/photo/48199735.cms" /> Be with me and imagine this, you enter your new apartment, wear a <keyword id="1118639" type="UNKNOWN" weightage="80" keywordseo="Google-glass">Google Glass</keyword> (or similar equipment), turn on an app, and a life-size bed conjures in front of you, then a wardrobe and dining table, and so on. You hold the power to move each of these 3D visualizations to envisage how your final room would look. When satisfied you sign off the purchase and pay the bill. 
 
Believe it or not, online décor company Urban Ladder is currently working on a similar project for its customers to make home design simpler and more intuitive. The company is reportedly in talks with Virginia based Markel Corporation to turn this into reality. 
 
“We’re still in the research stages. The 3D models available now are very poorly done. A 3D model on a 2D photo doesn’t solve customer needs. Augmented reality takes visualization to the next level”, Rajiv Srivatsa, Chief Operating Officer (COO) at Urban Ladder says. 
 
The company currently uses visual merchandising and silhouette to give a sense of the size and proportion. A drag and drop 3G imagery option is available as a Beta version on its ‘Living Spaces’ Android app and the feature's iOS launch is set for next week. 
 
Around 90% of India’s current furniture market is consolidated with carpenters and their brochures and value-for-money quotients. Can this centuries old tradition be replaced by online options? 
 
“With carpenters the consumer hardly gets a realistic sense of the quality or the finish. Ours is a lot more powerful solution than any existing solution in the market today. Also, in the last 20 years there has been an upswing in the number of people having higher disposable income. People are ready to spend a premium as long as the quality is good”, Srivatsa observes. 
 
Swedish furniture giant Ikea is set to launch 25 stores across four major states – Mumbai, Delhi, Bengaluru and Hyderabad with an investment of over Rs 12,000 Crores by 2017. Its first store in Hyderabad would be inaugurated next year. Does the brand feel at risk with the online décor market expanding with players like Pepperfry and FabFurnish? 
 
“We’ve currently expanded to global sourcing from China, Malaysia, Poland and Indonesia. In the next one year we’re going to be a 700 Crores company with a wider range of products at better prices. A consumer would have no reason to go to an Ikea”, Srivasta maintains. 
 
Given that most interior designers and large scale furniture manufacturers are based in the metros, is logistics as a problem for furniture e-tailers, especially when it comes to Tier II and Tier III cities? 
 
“Demand generation and logistics is a challenge. We want to focus on the few top cities for now because that is where the demand is the highest”, Srivasta says. 
 
(Image credit: Urban Ladder)

Urban Ladder looking to bring virtual
reality into online decor

<img class="gwt-Image" src="/photo/48342291.cms" />Apart from competition on the field, <a href="http://www.businessinsider.in/searchresult.cms?query=ecommerce">e-Commerce</a> giants are also competing with each other to get the best talent. 
 
With <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startups</a> mushrooming every second and old ones firming their ground with investors and innovation, e-Commerce giants like <a href="http://www.businessinsider.in/searchresult.cms?query=flipkart">Flipkart</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=snapdeal">Snapdeal</a>, Quickr, <a href="http://www.businessinsider.in/searchresult.cms?query=Urban+Ladder">Urban Ladder</a>, etc are looking for top talent to cement their place in the industry. 
 
For this, they are eyeing top <a href="http://www.businessinsider.in/searchresult.cms?query=engineering+students">engineering institutes</a> for recruitment and are offering lucrative offers to woo students at IITs, NITs and other institutes. 
 While, <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword> is planning to double the number of employees of its technology team to 2,400 engineers, <keyword id="541988" type="COMPANY" weightage="100" keywordseo="SnapDeal">Snapdeal</keyword> will also do the same to about 2,000 this year. 
 
As per Economic Times, nearly 10% of <a href="http://www.businessinsider.in/searchresult.cms?query=IIT">IIT</a> students had joined such companies last year and the percentage may grow this time round. 
 
"We are not limiting ourselves to any fixed number for campus hiring. We are rearing to go and will be aggressive at the tech, B-school and logistics campuses. We will attract talent by selling them the opportunity to work with an ecommerce leader that will impact a larger audience," Dalbir Singh, senior director human resources at Flipkart, told ET. 
 
Snapdeal will rely heavily on the campuses for fresh talent to widen its base of tech team. 
 
Meanwhile, Rajiv Srivatsa, chief operating officer and co-founder of Urban Ladder, said the startup plans to visit campuses earlier this year than it did last time round. "Technology is where the rubber meets the road and ideas become reality. As technology is so integral to us, this year we will try to be ahead of others in tapping the top campus talent," Dhruv Dubey, vice president - HR at <keyword id="6381424" type="COMPANY" weightage="100" keywordseo="Quikr">Quikr</keyword>, told the financial daily. 
 
Meanwhile, interest level among students to join startups is also growing due to roles and atmosphere offered by the startups. 
 
"I will go to the top IITs and talk about the company and the culture that boosts fun and flexibility," online grocer PepperTap's CEO Navneet Singh told ET. 
 
Also, hiring students at an early stage is also becoming the norm at e-Commerce companies. 
 
(Image: Indiatimes)

Engineers are back in vogue. All thanks to Snapdeal, Flipkart
and other eCommerce giants

<img class="gwt-Image" src="/photo/49671770.cms" style="width: 800px; height: 600px;" /> When the country is experiencing an entrepreneurship boom in the market, for big industry tycoons if there is a perfect time to invest in <keyword id="428085" type="UNKNOWN" weightage="100" keywordseo="start-ups">start-ups</keyword>, it is now. With start-ups going on a crazy funding spree, <a href="http://www.businessinsider.in/If-you-want-Ratan-Tata-to-invest-in-your-start-up-just-ask-him-Your-wish-might-just-get-answered/articleshow/47551786.cms">Ratan Tata stands out as the most important investor</a>, saving many just when their bank balance was down to the last few zeroes.
	 
	
		From ecommerce to auto, Tata’s investment portfolio is as varied as it can get. There cannot be a better way to spend your retirement. <a href="http://www.businessinsider.in/Know-whats-keeping-Ratan-Tata-busy-and-happy-post-retirement/articleshow/47721497.cms">After his retirement</a>, he said young innovators should be encouraged and he stands true to his words. The list is becoming longer, with investments in 10 start-ups in this year alone.
	 
	
		Here’s a complete guide to the start-ups who went on to become some of the greatest in the space after his investments.
	 
	
		<img class="gwt-Image" src="/photo/49671963.cms" style="width: 800px; height: 600px;" /> 
		 
		1. Altaeros Energies- Boston-based Altaeros was founded in 2010 at the Massachusetts Institute of Technology (MIT) to commercialise the world's first airborne wind turbine. Operating up to 2,000 feet (600 metres) above ground, the Altaeros BAT generates over twice the energy of similarly-sized tower mounted wind turbines.
	 
	
		When: Early 2014
	
		 
		<img class="gwt-Image" src="/photo/49672003.cms" style="width: 800px; height: 600px;" /> 
		 
	
		2. <keyword id="541988" type="COMPANY" weightage="100" keywordseo="SnapDeal">Snapdeal</keyword>- Snapdeal got its funding from Tata when their bank balance was down to the last $100,000. Tata is believed to have invested less than Rs 5 crore, buying 256 shares from Snapdeal's angel investors including Kenneth Glass
	 
	
		When: August 2014.
	
		 
		<img class="gwt-Image" src="/photo/49671965.cms" style="width: 800px; height: 600px;" /> 
		 
	
		3. <a href="http://www.businessinsider.in/Ratan-Tata-Bets-Big-On-Indias-e-commerce-Sector-Invests-In-Bluestone/articleshow/42258863.cms">Bluestone</a>- The online jewellery retailer was founded by IIT graduate Gaurav Singh Kushwaha and Vidya Nataraj. <keyword id="255703" type="PERSON" weightage="100" keywordseo="Bluestone">Bluestone</keyword> was valued at Rs 135 crore when it raised funding from Kalaari Capital, when Tata also co-invested. 
	
		When: September 2014
	
		 
		<img class="gwt-Image" src="/photo/49671950.cms" /> 
		 
	
		4. <keyword id="6368309" type="COMPANY" weightage="100" keywordseo="Urban-Ladder">Urban Ladder</keyword>- The online furniture etailer was founded by IIM-Bangalore MBAs Ashish Goel and Rajiv Srivatsa in July 2012.
	 
	
		When: November 2014
	
		 
		<img class="gwt-Image" src="/photo/49672006.cms" style="width: 800px; height: 600px;" /> 
		 
	
		5. Swasth India- The Mumbai-based healthcare startup provides medical services to low income population. The company was founded by former consultants and IIT Bombay graduates Sundeep Kapila and Ankur Pegu
	 
	
		When: Invested Rs 2 crore in December 2014 
	
		 
		<img class="gwt-Image" src="/photo/49671971.cms" style="width: 800px; height: 600px;" /> 
		 
	
		6. <keyword id="1945738" type="UNKNOWN" weightage="100" keywordseo="Cardekho">CarDekho</keyword>- The Jaipur-based online auto classifieds player was founded in 2007 by Amit and Anurag Jain, both IIT Delhi alumni. The company also runs other portals like BikeDekho and PriceDekho.
	 
	
		When: February 2015
	
		 
		<img class="gwt-Image" src="/photo/49671985.cms" style="width: 800px; height: 600px;" /> 
		 
	
		7. <keyword id="182468" type="COMPANY" weightage="100" keywordseo="Grameen-Capital">Grameen Capital</keyword>- This is a Mumbai-based investment advisory company.
	 
	
		When: March 2015 
	
		 
		<img class="gwt-Image" src="/photo/49671998.cms" style="width: 800px; height: 600px;" /> 
		 
	
		8. One97 Communications (<keyword id="6357120" type="UNKNOWN" weightage="100" keywordseo="PayTM">Paytm</keyword>)- The Noida-based Company has successfully transitioned from a value-added services player to an online wallet Paytm.
	 
	
		When: March 2015
	
		 
		<img class="gwt-Image" src="/photo/49671948.cms" /> 
		 
	
		9. <keyword id="874458" type="COMPANY" weightage="100" keywordseo="Xiaomi">Xiaomi</keyword>- Founded by serial entrepreneur Lei Jun, the Chinese smartphone maker, launched in India last year, became an instant hit in the market with their products.
	 
	
		When: April 2015
	
		 
		<img class="gwt-Image" src="/photo/49671995.cms" style="width: 800px; height: 600px;" /> 
		 
	
		10. Kaaryah- <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword>'s latest investment is a women's non-casual wear is Kaaryah, founded Nidhi Agarwal Kashyap. 
	
		When: June 2015 
	
		 
		<img class="gwt-Image" src="/photo/49671980.cms" style="width: 800px; height: 600px;" /> 
		 
	
		11. Holachef- Launched in 2014 by Saurabh Saxena and Anil Kalra, this is a food-tech start-up where amateur and professional chefs can come together and sell their meals.
	 
	
		When- September 2015
	
		 
		<img class="gwt-Image" src="/photo/49671957.cms" /> 
		 
	
		12. <keyword id="6354720" type="PERSON" weightage="100" keywordseo="Ola">Ola</keyword>- In less than three months after Ola announced a $400 million funding round, led by Russian investment firm DST Global, Tata announced its investment in the online car services company, which valued the company at $2.5 billion.
	 
	
		When- July 2015
	
		 
		<img class="gwt-Image" src="/photo/49671975.cms" style="width: 800px; height: 600px;" /> 
		 
	
		13. Infinite Analytics- Founded in 2012 by MIT graduates Akash Bhatia and Purushotam Botla, this is a US based predictive marketing and Analysis Company. The company deals with deep machine learning and predictive analytics by merging data from multiple sources to create a 360-degree view of the user.
	 
	
		When- August 2015
	
		 
		<img class="gwt-Image" src="/photo/49671954.cms" /> 
		 
	
		14. <keyword id="1517554" type="UNKNOWN" weightage="100" keywordseo="ampere">Ampere</keyword>- Ampere sells electric vehicles, cycles, trolleys and scooters. It also sells vehicles for differently-abled. It was founded by Hemalata Annamalai.
	 
	
		When- July 2015
	
		 
		<img class="gwt-Image" src="/photo/49671942.cms" style="width: 800px; height: 600px;" /> 
		 
	
		15. <keyword id="2798697" type="UNKNOWN" weightage="100" keywordseo="Lybrate">Lybrate</keyword>- Healthcare communication start-up, Lybrate connects doctors with patients anonymously throughout India anywhere and anytime. They raised $10.2 m in Series A funding from Ratan Tata, Tiger Global, Nexus Venture Partners.
	 
	
		When- July 2015
	 
	 
	
		(Image credits: Indiatimes, cardekho, kaaryah, bluestone, swasth india, twitter, cupoworld)

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