Jasra Inc: Digital Transformation & Strategy | Manoj Jasra http://jasrainc.com Mon, 21 Sep 2020 05:01:00 +0000 en-US hourly 1 https://wordpress.org/?v=3.8.34 Kindred Capital closes £81M second fund to back early-stage European startups http://jasrainc.com/kindred-capital-closes-81m-second-fund-to-back-early-stage-european-startups/ http://jasrainc.com/kindred-capital-closes-81m-second-fund-to-back-early-stage-european-startups/#comments Mon, 21 Sep 2020 05:01:00 +0000 http://jasrainc.com/kindred-capital-closes-81m-second-fund-to-back-early-stage-european-startups/ By Steve O’Hear Kindred Capital, the London-based VC that backs early-stage founders in Europe, has closed its second seed fund at £81 million. That’s only a tad larger than the the firm’s first fund, which invested in 29 companies and was raised in 2018. Portfolio companies from fund one include Five, which is building software […]

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By Steve O’Hear

Kindred Capital, the London-based VC that backs early-stage founders in Europe, has closed its second seed fund at £81 million.

That’s only a tad larger than the the firm’s first fund, which invested in 29 companies and was raised in 2018. Portfolio companies from fund one include Five, which is building software for autonomous vehicles; Paddle, the SaaS for software e-commerce; Pollen, the peer-to-peer marketplace for experiences and travel; and Farewill, which lets you create a will online.

However, perhaps what really sets Kindred apart from most other seed VCs is its “Equitable Venture”. This sees the founders it backs get carry in the fund, effectively becoming co-owners of Kindred. Once the VC’s LPs have their investment returned, like the firm’s partners, the founders also share any subsequent fund profits, as long as they have passed the vesting period.

More broadly, Kindred says the idea is this extra incentive encourages a collective model, in which founders actively help each other achieve their goals. “This has also had a positive impact on deal flow, with entrepreneurs sourcing 38% of Kindred’s dealflow at the top of the funnel,” says the VC.

Notably, Kindred projects that around £5 million will be returned to founders from …read more

Source: Tech Crunch

    

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The TikTok deal solves quite literally nothing http://jasrainc.com/the-tiktok-deal-solves-quite-literally-nothing/ http://jasrainc.com/the-tiktok-deal-solves-quite-literally-nothing/#comments Sun, 20 Sep 2020 00:08:00 +0000 http://jasrainc.com/the-tiktok-deal-solves-quite-literally-nothing/ By Jonathan Shieber Well… that was pointless. After debasing the idea of free commerce in the U.S in the name of a misplaced security concern, stringing along several multi-billion dollar companies that embarrassed themselves in the interest of naked greed, and demanding that the U.S. government get a cut of the profits, the TikTok saga […]

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By Jonathan Shieber

Well… that was pointless.

After debasing the idea of free commerce in the U.S in the name of a misplaced security concern, stringing along several multi-billion dollar companies that embarrassed themselves in the interest of naked greed, and demanding that the U.S. government get a cut of the profits, the TikTok saga we’ve been watching the past few weeks finally appears to be over.

A flurry of announcement late Saturday night indicate that the TikTok deal was actually a politically-oriented shakedown to boost the cloud infrastructure business of key supporters of the President of the United States.

Oracle, whose cloud infrastructure services run a laughable fourth to AWS, Alphabet*, and Microsoft, will be taking a 20 percent stake in TikTok alongside partner Walmart in what will be an investment round before TikTok Global (as the new entity will be called) goes public on an American stock exchange.

According to a statement from TikTok, Oracle will become TikTok’s “trusted technology partner” and will be responsible for hosting all U.S. user data and securing associated computer systems to ensure U.S. national security requirements are fully satisfied. “We are currently working with Walmart on a commercial partnership …read more

Source: Tech Crunch

    

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Unity Software has strong opening, gaining 31% after pricing above its raised range http://jasrainc.com/unity-software-has-strong-opening-gaining-31-after-pricing-above-its-raised-range/ http://jasrainc.com/unity-software-has-strong-opening-gaining-31-after-pricing-above-its-raised-range/#comments Fri, 18 Sep 2020 23:25:00 +0000 http://jasrainc.com/unity-software-has-strong-opening-gaining-31-after-pricing-above-its-raised-range/ By Jonathan Shieber Whoever said you can’t make money playing video games clearly hasn’t taken a look at Unity Software’s stock price. On its first official day of trading, the company rose more than 31%, opening at $75 per share before closing the day at $68.35. Unity’s share price gains came after last night’s pricing […]

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By Jonathan Shieber

Whoever said you can’t make money playing video games clearly hasn’t taken a look at Unity Software’s stock price.

On its first official day of trading, the company rose more than 31%, opening at $75 per share before closing the day at $68.35. Unity’s share price gains came after last night’s pricing of the company’s stock at $52 per share, well above the range of $44 to $48 which was itself an upward revision of the company’s initial target.

Games like “Pokémon GO” and “Iron Man VR” rely on the company’s software, as do untold numbers of other mobile gaming applications that use the company’s toolkit for support. The company’s customers range from small gaming publishers to large gaming giants like Electronic Arts, Niantic, Ubisoft and Tencent.

Unity’s IPO comes on the heels of other well-received debuts, including Sumo Logic, Snowflake and JFrog .

TechCrunch caught up with Unity’s CFO, Kim Jabal, after-hours today to dig in a bit on the transaction.

According to Jabal, hosting her company’s roadshow over Zoom had some advantages, as her team didn’t have to focus on tackling a single geography per day, allowing Unity to “optimize” its time based on who …read more

Source: Tech Crunch

    

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Ride-hailing was hit hard by COVID-19. Grab’s Russell Cohen on how the company adapted. http://jasrainc.com/ride-hailing-was-hit-hard-by-covid-19-grabs-russell-cohen-on-how-the-company-adapted/ http://jasrainc.com/ride-hailing-was-hit-hard-by-covid-19-grabs-russell-cohen-on-how-the-company-adapted/#comments Fri, 18 Sep 2020 06:43:00 +0000 http://jasrainc.com/ride-hailing-was-hit-hard-by-covid-19-grabs-russell-cohen-on-how-the-company-adapted/ By Catherine Shu A contactless Grab delivery Ride-hailing services around the world have been hit hard by the COVID-19 pandemic, and Grab was no exception. The company is one of the most highly-valued tech startups in Southeast Asia, where it operates in eight countries. Its transport business suffered a sharp decline in March and April, […]

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By Catherine Shu
A contactless delivery performed by a Grab delivery driver

A contactless Grab delivery

Ride-hailing services around the world have been hit hard by the COVID-19 pandemic, and Grab was no exception. The company is one of the most highly-valued tech startups in Southeast Asia, where it operates in eight countries. Its transport business suffered a sharp decline in March and April, as movement restriction orders were implemented.

But the company had the advantage of already operating several on-demand logistics services. During Disrupt, Russell Cohen, Grab’s group managing director of operations, talked about how the company adapted its technology for an unprecedented crisis (the video is embedded below).

“We sat down as a leadership group at the start of the crisis and we could see, particularly in Southeast Asia, that the scale of the challenge was so immense,” said Cohen.

Grab’s driver app already allowed them to toggle between ride-hailing and on-demand delivery requests. As a result of COVID-19, over 149,000 drivers began performing on-demand deliveries for the first time, with Singapore, Malaysia and Thailand seeing the most conversions. That number included tens of thousands of new drivers who joined the platform to make up for lost earnings during the pandemic.

The challenge was scaling up its delivery services …read more

Source: Tech Crunch

    

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Blume Ventures’ Karthik Reddy on Indian startup ecosystem, geo-political tension with China and coronavirus http://jasrainc.com/blume-ventures-karthik-reddy-on-indian-startup-ecosystem-geo-political-tension-with-china-and-coronavirus/ http://jasrainc.com/blume-ventures-karthik-reddy-on-indian-startup-ecosystem-geo-political-tension-with-china-and-coronavirus/#comments Thu, 17 Sep 2020 07:25:00 +0000 http://jasrainc.com/blume-ventures-karthik-reddy-on-indian-startup-ecosystem-geo-political-tension-with-china-and-coronavirus/ By Manish Singh Despite the coronavirus outbreak, which has slowed down deal-making across the world, dozens of startups in India have raised considerable amounts in recent months. Unacademy, which raised $110 million in February, closed a new round of $150 million this month. These large check sizes, and the frequency at which they are being […]

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By Manish Singh

Despite the coronavirus outbreak, which has slowed down deal-making across the world, dozens of startups in India have raised considerable amounts in recent months. Unacademy, which raised $110 million in February, closed a new round of $150 million this month.

These large check sizes, and the frequency at which they are being bandied out, were almost unheard of in India just 10 years ago. The list of problems these local startups were solving then was also quite smaller back in the day.

Karthik Reddy has seen this change very closely.

He co-founded venture capital firm Blume Ventures, where he also serves as a partner, 10 years ago. Blume Ventures is the largest Indian venture capital firm. In a wide-ranging interview at Disrupt 2020, Reddy talked about the state of the startup ecosystem in India, some of the challenges it is confronting today and what lies ahead for the market.

“Fifteen years is what you should consider the active VC build-out in India. For the first five to seven years, we were kind of faking it till we make it. We sold the idea that we can replicate what the …read more

Source: Tech Crunch

    

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Facebook addresses political controversy in India, monetization opportunities, startup investments http://jasrainc.com/facebook-addresses-political-controversy-in-india-monetization-opportunities-startup-investments/ http://jasrainc.com/facebook-addresses-political-controversy-in-india-monetization-opportunities-startup-investments/#comments Wed, 16 Sep 2020 07:07:00 +0000 http://jasrainc.com/facebook-addresses-political-controversy-in-india-monetization-opportunities-startup-investments/ By Manish Singh At the beginning of the previous decade, Facebook had a tiny presence in India. It had just started to slowly expand its team in the country and was inking deals with telecom operators to make access to its service free to users and even offer incentives such as free voice credit. India’s […]

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By Manish Singh

At the beginning of the previous decade, Facebook had a tiny presence in India. It had just started to slowly expand its team in the country and was inking deals with telecom operators to make access to its service free to users and even offer incentives such as free voice credit.

India’s internet population, now the second largest with more than 500 million connected users, itself was very small. In early 2011, the country had fewer than 100 million internet users.

But Facebook ended up playing a crucial role in the last decade. So much so that by the end of it, the social juggernaut was reaching nearly every internet user in the country. WhatsApp alone reaches more than 400 million internet users in India, more than any other app in the country, according to mobile insight firm App Annie.

This reach of Facebook in India didn’t go unnoticed. Politicians in the country today heavily rely on Facebook services, including WhatsApp, to get their message out. But it has also complicated things.

Rumors have spread on WhatsApp that cost lives, and politicians from both the large political parties in India in recent weeks …read more

Source: Tech Crunch

    

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Homage announces strategic partnership with Infocom, one of Japan’s largest healthcare IT providers http://jasrainc.com/homage-announces-strategic-partnership-with-infocom-one-of-japans-largest-healthcare-it-providers/ http://jasrainc.com/homage-announces-strategic-partnership-with-infocom-one-of-japans-largest-healthcare-it-providers/#comments Tue, 15 Sep 2020 05:44:00 +0000 http://jasrainc.com/homage-announces-strategic-partnership-with-infocom-one-of-japans-largest-healthcare-it-providers/ By Catherine Shu Homage, a Singapore-based caregiving and telehealth company, has taken a major step in its global expansion plan. The startup announced today that it has received strategic investment from Infocom, the Japanese information and communications technology company that runs one of the largest healthcare IT businesses in the country. Infocom’s solutions are used […]

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By Catherine Shu

Homage, a Singapore-based caregiving and telehealth company, has taken a major step in its global expansion plan. The startup announced today that it has received strategic investment from Infocom, the Japanese information and communications technology company that runs one of the largest healthcare IT businesses in the country. Infocom’s solutions are used by more than 13,000 healthcare facilities in Japan.

During an interview with TechCrunch that will air as part of Disrupt tomorrow, Homage co-founder and chief executive Gillian Tee said “Japan has one of the most ageing populations in the world, and the problem is that we need to start building infrastructure to enable people to be able to access the kind of care services that they need.” She added that Homage and Infocom’s missions align because the latter is also building a platform for caregivers in Japan, in a bid to help solve the shortage of carers in the country.

Homage raised a Series B earlier this year with the goal of entering new Asian markets. The company, which currently operates in Singapore and Malaysia, focuses on patients who need long-term rehabilitation or care services, especially …read more

Source: Tech Crunch

    

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Indian fantasy sports app Dream11’s parent firm raises $225M at over $2.5B valuation http://jasrainc.com/indian-fantasy-sports-app-dream11s-parent-firm-raises-225m-at-over-2-5b-valuation/ http://jasrainc.com/indian-fantasy-sports-app-dream11s-parent-firm-raises-225m-at-over-2-5b-valuation/#comments Mon, 14 Sep 2020 07:45:00 +0000 http://jasrainc.com/indian-fantasy-sports-app-dream11s-parent-firm-raises-225m-at-over-2-5b-valuation/ By Manish Singh Dream Sports, the parent firm of fantasy sports app Dream11, has secured $225 million in a new financing round as the Mumbai-headquartered firm builds what it calls “end-to-end sports tech company” in the cricket-loving nation, which is also the world’s second largest internet market. Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital […]

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By Manish Singh

Dream Sports, the parent firm of fantasy sports app Dream11, has secured $225 million in a new financing round as the Mumbai-headquartered firm builds what it calls “end-to-end sports tech company” in the cricket-loving nation, which is also the world’s second largest internet market.

Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures financed $225 million in Dream Sports through primary and secondary investments, the 12-year-old Indian firm said.

The new round values Dream Sports at over $2.5 billion, two people familiar with the matter told TechCrunch.

Dream11 has cashed in on the popularity of cricket — a game that has attracted serious attention from several major firms including Disney and Facebook. Dream11 explores the fantasy part of it, allowing gamers to pick their choice of best players for an upcoming match. They can win cash prizes depending on how their selected team performs.

This year, Dream11 is also the title sponsor for the 2020 season of Indian Premier League cricket tournament, one of the most popular sporting events in the world. The startup won the rights, which was previously secured by smartphone vendor Vivo, by bidding $30 million …read more

Source: Tech Crunch

    

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Check out these Breakout Sessions at Disrupt 2020 http://jasrainc.com/check-out-these-breakout-sessions-at-disrupt-2020/ http://jasrainc.com/check-out-these-breakout-sessions-at-disrupt-2020/#comments Sat, 12 Sep 2020 23:30:00 +0000 http://jasrainc.com/check-out-these-breakout-sessions-at-disrupt-2020/ By Alexandra Ames We’re on the brink of the biggest Disrupt in TechCrunch history. It’s five days of education, exhibition, competition and connection that spans the globe. As you plan your schedule, keep this in mind: You’ll find some of the most insightful and downright interesting programming at Disrupt 2020 in our Breakout Sessions. And […]

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By Alexandra Ames

We’re on the brink of the biggest Disrupt in TechCrunch history. It’s five days of education, exhibition, competition and connection that spans the globe. As you plan your schedule, keep this in mind: You’ll find some of the most insightful and downright interesting programming at Disrupt 2020 in our Breakout Sessions. And that, given our powerhouse agenda, is saying something.

Every Disrupt attendee can take part in the breakout sessions — they’re open to every pass level. Breakouts cover a range of topics and formats. You might watch startups pitch, attend a workshop or take in a panel discussion. No matter what, you’re bound to receive valuable insight that can inspire you and help your business.

Take advantage of our partners’ expertise and check out any (or all) of these breakout sessions. You’ll be glad you did.

Monday, September 14

11:00 am – 11:50 am

Sponsored by Adobe

How to Invest in Infrastructure to Deliver Experience

Gabie Boko, Global VP Digital, Hewlett Packard Enterprise & Adobe VP of Platform Engineering, Anjul Bhambhri discuss digital transformation and experience delivery.

12:00 pm – 12:30 pm

Sponsored by Taiwan Tech Arena

Taiwan Pavilion Pitch-off session 1

Featuring twenty startups in healthcare, …read more

Source: Tech Crunch

    

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DCM has already made nearly $1 billion off its $26 million bet on Bill.com http://jasrainc.com/dcm-has-already-made-nearly-1-billion-off-its-26-million-bet-on-bill-com/ http://jasrainc.com/dcm-has-already-made-nearly-1-billion-off-its-26-million-bet-on-bill-com/#comments Sat, 12 Sep 2020 06:27:00 +0000 http://jasrainc.com/dcm-has-already-made-nearly-1-billion-off-its-26-million-bet-on-bill-com/ By Connie Loizos David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 million it invested across 14 years in the cloud-based business-to-business payments company […]

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By Connie Loizos

David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders.

It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 million it invested across 14 years in the cloud-based business-to-business payments company Bill.com, starting with its A round. Indeed, by the time Bill.com went public last December, when its shares priced at $22 apiece, DCM’s stake — which was 16% sailing into the IPO — was worth a not-so-small fortune.

Since then, Wall Street’s lust for both digital payments and subscription-based revenue models has driven Bill.com’s shares to roughly $90 each. Little wonder that in recent weeks, DCM has sold roughly 70 percent of its stake for nearly $900 million. (It still owns 30 percent of its position.)

We talked with Chao earlier today about Bill.com, on whose board he sits and whose founder, René Lacerte, is someone Chao backed previously. We also talked about another very lucrative stake DCM holds right now, about DCM’s newest fund, and about how Chao navigates between the U.S. and China as relations between the two …read more

Source: Tech Crunch

    

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