1947 Tech — week 11
A few good articles that I came across this week..
1. 2017 In Review: The 9 High Profile Indian Startup Acquisitions Of 2017
In 2017, the Indian startup ecosystem witnessed a large number of startup acquisitions. Some were on the radar, while some were entirely unexpected. However, there were few startup acquisitions which not only caught the eyes but also took the entire ecosystem by surprise.
Interestingly, the deal that made the maximum noise was the one which never happened even after months of speculations and even after the term being sheet signed. That was the Flipkart-Snapdeal merger,which extended for six months from April-September 2017 and yet nothing came out of it.
Till November 2017, 123 Startup Acquisitions Took Place In Indian Startup Ecosystem, In Contrast To 155 In 2016
2. The Growth Of Cryptocurrency: India Versus Global Trends — Inc42 Media
India was a late entrant to crypto adoption. Due to restrictions in foreign currency remittances and allowable overseas investments, Indians often does not get to trade in international financial instruments. During the time when bitcoin was picking up pace in China, Indians struggled to transfer money to the overseas Bitcoin exchanges and thereby missed the Bull Run.
However, things changed drastically after the demonetisation drive announced by PM Narendra Modi. This action was meant to curtail counterfeit cash, but it also left many people panicking. In the panic, Indian residents turned to Bitcoin. Google recently reported that searches from India about Bitcoin have reached all-time highs, and the value has too
3. Byju’s Has Just Become India’s 11th Unicorn Startup
Byju’s has quietly become India’s 11th unicorn startup after a fund raise from Tencent last year which valued it at Rs. 6,505 crore, company filings showed. This takes Byju’s valuation to just north of a $1 billion, and it now joins the ranks of 10 other Indian startups to reach the milestone. The last Indian startup to become a unicorn was Hike Messenger, which had been valued at $1.4 billion in August 2016
4. 7 Indians Who Made It Big In The US — Inc42 Media
Indian immigrants are a significant driving force behind the creation of new engineering and technology companies in the United States in the past decade.A study says that of the estimated 7,300 US tech startups founded by immigrants, 26 per cent have Indian founders, CEOs, presidents or head researchers.
1) Satya Nadella — CEO Microsoft
2) Sabeer Bhatia — Co-Founder Hotmail
3) Sundar Pichai — CEO Google
4) Vinod Khosla — Khosla Ventures and Sun Microsystems
5) Ajay Bhatt — USB
6) Padmasree Warrior — CTO Cisco
7) Shantanu Narayen — CEO Adobe Systems
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Have a great week :)
