Fashion and technology need to go hand in hand to be able to attract buyers in this market which is why the connection between the two  is getting stronger as manufacturers recognize that people want to not only wear something that works well, but looks good too.

According to a study by Endeavour Partners, one of world’s leading strategy firm in the US, more than half of the people who bought a health and fitness wearable had stopped wearing it, and a third of those had put it aside within the first six months of receiving it, unless, it appealed to their sense of fashion and beauty. As a result, fashion is an important consideration when designing a wearable but again, the design alone will fail to keep its buyers interested in the gadget for too long [Report Link here]

“What is required is the fusion of fashion into technology to impart widespread adoption of wearable technologies, especially if you are looking at making what is intended to be worn 24/7 or for longer periods of time” explains Krispian Lawrence, founder and CEO of Ducere Technology who launched LeChal-world’s first haptic based interactive footwear.

Fashion aspect of LeChal

The shoes by the company were created keeping this aspect in mind. The three elements of fashion, technology and comfort are equally important when designing a wearable tech gadget and LeChal is a reflection of that. Its features and applications are unique as is its design and comfort.

The developers of the product wanted their product to look good enough to be picked up from a shop window even before its usefulness came to the fore. USP of the product, its functionality and of course being a wearable product, its comfort for the wearable becomes important.

All gadgets in the wearable space usually follow this mantra to make their product sellable in the market. Since what we wear is personal, it is a reflection of who we are. Thus, the two have a clear interplay and wearable technology will sell only if they are also desirable.

Lechal [lay-chull, “Take me along” in Hindi] footwear is a disruptive innovation designed to smoothly integrate into the everyday.

LeChal_Shoe

Features of LeChal

Available as an insole or a shoe, Lechal footwear uses Bluetooth technology to connect to the user’s smartphone via the Lechal App. Using simple foot gestures or voice commands, the wearer can use it as a navigational tool or track their activity from a fitness perspective. The footwear communicates with the user via gentle vibratory responses or Haptic feedback.

In addition to taking you places, you can also tag favourite locations, share new routes, create group journeys – all with your footwear! It also tracks the number of steps taken, calories burnt & distance travelled, logs your fitness activity & charts your activity over time.

Intended user-base of LeChal

Lechal is for everyone – early adopters of wearables, people who like to travel and explore, fitness freaks, cyclists, runners, people who are tech-savvy and those who are not, back-seat drivers, design aficionados, the fashion-conscious, and the use cases are as varied as the users.

LECHAL_footwear

Launched in 2014, Lechal has received an overwhelmingly positive response, with over 50,000 pre-orders received to date from across the world. With distributors from over 65 countries showing interest in this one-of-a-kind product, Lechal footwear will also soon be available at retailers and e-tailers around the world.

Lechal footwear was initially conceived as a solution to help the visually-impaired navigate their worlds better. This genesis is what led to the Lechal Initiative, where the proceeds from the sale of each pair of Lechal footwear go towards subsidising a pair for someone who is visually-challenged.

Ducere Technologies has partnered with the world-renowned L.V. Prasad Eye Institute in Hyderabad to make this a reality.

A pair of Lechal insoles will cost between 100$ & 150$ and the shoes will be slightly more expensive. You can pre-order a pair of Lechal from here

For more information on Ducere Technologies and LeChal, please visit their website here & here. You can also find them on FacebookTwitter

Image Courtesy – LeChal

Urban Ladder, India’s leading online furniture & home decor company has raised $50 million in a new round of funding. Sequoia Capital led the round along with TR Capital and existing investors Steadview Capital, SAIF Partners & Kalaari Capital.

urban-ladder

Urban Ladder was launched in July 2012 with a vision of making a million Indian homes beautiful. It offers a curated range of over 4000 products across 35+ categories in furniture and home decor. The company is on a massive growth path and is making distinctive designs and exceptional customer service accessible to many Indian shoppers.

Speaking about the round, Gautam Mago, Managing Director, Sequoia Capital India Advisors.

We are delighted to partner with Urban Ladder in their vision of making quality home products available online to millions of Indian consumers, and look forward to working with Ashish, Rajiv and the rest of the Urban Ladder team to help build an enduring business.

Ashish Goel, CEO & Co-founder, Urban Ladder mentioned:

Over the last 3 years, we have stayed sharply focused on our design thinking, product quality and customer experience. While these will continue to be important themes, geographical expansion will also be a key focus area this year. We will be present in 30 cities by the end of 2015.

Rajiv Srivatsa, COO & Co-founder, Urban Ladder said

Technology will be a key driver in Urban Ladder’s growth. The company is working on several tech innovations to solve complex furniture e-commerce problems. “We are investing heavily in technology to introduce world class tech innovations that will massively simplify furniture shopping

Urban Ladder has attracted $27 million from Kalaari Capital, SAIF Partners and Steadview Capital in the last 3 years. Ratan Tata, Chairman Emeritus, Tata Group made a personal investment in the company in November 2014.

NASSCOM marked the second anniversary of its 10,000 Start-up Program to create 10,000 domain specific start-ups in the country by 2020. As the 10,000 start-up program keeps rolling to its fourth phase of shortlisting, Phase 3 had 500 startup shortlists who went through pitch & mentoring Konnect sessions.

Applications are currently being processed on FIFO basis till 22nd April for the next session of Startup Konnect which is a mini boot-camp program for shortlisted startups who will be eligible for connect-2-pitch with all ecosystem partners including leading Accelerators, Angel investor networks & venture capital firms.

Nasscom_10000Startups

Speaking at the occasion, Rajat Tandon, Senior Director, NASSCOM 10,000 Startups stated

Startups are the lifeblood of our economy. We today have the support of 150 volunteer mentors, industry specialists, angel investors & VCs, as well as a startup alumni network like no other.

We can proudly say that through its phases the 10,000 start-ups program has been able to carve out many success stories across domains. Now with the roll out of the fourth phase, we are looking to accelerate more startups who will re-define the technology landscape of the country.

Speaking at the occasion Mary Grove, Director, Google for Entrepreneurs said

We are impressed by 10,000 Startups’ work to foster a vibrant ecosystem of innovation and entrepreneurship in India. We are very excited for the fourth phase of 10,000 Startups Program that enables entrepreneurs to connect with investors and mentors to grow and expand.

Ravi Narayan, Managing Director, Microsoft Ventures India said

Microsoft Ventures has been working with NASSCOM 10,000 startups to accelerate high potential startups and we are delighted to see the impact of our partnership. Many of the startups we have helped gain traction through our accelerator programs were previously incubated in the 10K Warehouse and the startups have benefited from both programs immensely. We are positive that this partnership will continue to build a stronger ecosystem for startups in India and provide them promising future.

Application Process for startups

  • Startups need to apply for the program here
  • Startups should provide a detailed overview of their business idea and the market opportunity.
  • Approximately 200 startups will be shortlisted for the 4th batch, handpicked by the ecosystem partners.

Benefits of the Program

  • Shortlisted startups will participate in the intensive accelerator pitch & mentoring connect sessions starting June 1st week across Bangalore, Delhi, Mumbai, Pune, Kolkata, Chennai and Hyderabad
  • They also get a Start-up Kit – a package worth $25,000 of value added services and credits from Google, Microsoft, AWS, Knowlarity, HackerRank and Kotak

About 10,000 Startups

Started in April 2013, 10,000 Startups is an ambitious attempt by NASSCOM to scale up the startup ecosystem in India by 10x. 10,000 Startups aims to enable incubation, funding and support for 10,000 technology startups in India over the next ten years. The initiative brings together key stakeholders of the ecosystem including startup incubators, accelerators, angel investors, venture capitalists, startup support groups, mentors, and technology corporations.

Since its launch in April 2013, they have done about 450+ events in 22 cities of the country which were attended by a whopping 25,000 attendees and received 9000 Applicants, 800 Startups Shortlists, and 150 Impacts.

Nasscom-Partners

The program is supported by founding partner Google for Entrepreneurs, Microsoft Ventures, Intel and Kotak Mahindra Bank.

We had earlier covered about latest edition of ‘Runway To Success”, Season-3. The registrations for the program are now open & startups can sign up before 15 April 2015.

Lufthansa

Registrations for the program can be done here. Irrespective of the industry in which you operate, this program gives a platform for entrepreneurs to get valuable feedback from an elite list of mentors which could definitely prove to be a game-changer for your business.

About Run Way To Success

Runway to Success TV series is an unprecedented reality programme that celebrates the spirit of Indian entrepreneurship. Runway to Success is an inspiring programme on ET NOW that showcases the best of India’s entrepreneurial talent, and helps discover, mentor as well as reward India’s future business leaders.

What is in it for startups

I had a brush with startups few years back & from that experience, I can comment that any word of “Feedback” can be very helpful. That feedback becomes much more valuable if it comes straight from the horse’s mouth i.e. Fellow entrepreneurs, investors etc. This program is a great platform for startups to get “noticed” !!!

The grand-prize is definitely something to watch out for –

  • A seat at Stanford University’s prestigious Design Thinking Boot Camp.
  • A free Business Class ticket to the US.
  • A coveted TiE mentorship.

So as mentioned before, go ahead & register your startup for the program before 15th April.

You can find more information about the program below:

For more information about Runway to Success,Season 3 can be found here.

Startups, fasten your seat belts & give wings to your startup with Runway to Success !!!

Image Credit – lhrunwaytosuccess

BITS Pilani’s Annual Startup Conclave – Conquest is back with it’s 2015 Edition. Conquest has had ten successive editions over the past and this year, the model has been revamped to make it even more grand. Last edition of Conquest saw around 2000 applications from all over India. Conquest provided a platform to support our teams raise millions of dollars of investment upon completion of the Grand Finale held at FICCI Auditorium, New Delhi.

Conquest_Conclave

Highlights of Conquest 2015

  • Close to 2000 applicants would be fighting it out to win the challenge.
  • Last year 3.5 Lakhs equity-less cash was handed over to the winners of Conquest. However in this edition, along with the equity-less cash, winners would also get $1 million worth CRM and other support services.
  • Freshmentors, an online mentoring platform that was backed with angel investment of Rs 1 crore in 2014 would  seek personalized mentoring on college admissions and their careers via live video chats. It caters to its customers with the help of over 300 mentors spread across 150 foreign universities.
  • The short-listing process of the top 50 startups would be done by a panel of Investors and mentors.

Some of the jury members include:

  1. Rohit Bansal, Co-founder Snapdeal
  2. Amit Ranjan, Co-founder of Slideshare
  3. Ankur Warikoo, CEO of Groupon India
  4. Alok Kejriwal, Founder & CEO of Games2Win
  5. Dev Khare of Lightspeed Ventures &
  6. Rajesh Sawhney, Founder of the GSF Accelerator & GSF Superangels

For providing comprehensive feedback to all the applicants of Conquest,2015; they have partnered with Applyifi, a private platform for startups to create a comprehensive pitch-book & thereafter apply to multiple investors or accelerators/incubators.

How to apply for Conquest,2015

  • Registrations for Conquest are open from 31st March & would be open through the month of April. Registrations would close on 1st May.
  • The list of 50 short-listed startups would be announced in the month of June.
  • Any startup which was registered after 1st Jan 2013 is eligible to participate in Conquest 2015.
  • Startups can register at Conquest website. Applicant has the option of saving his form & filling it at any time before the registration closes.

The networking sessions meant to connect every startup with their mentor will be held in 5 cities namely Delhi, Mumbai, Hyderabad, Bangalore and Chennai in the month of July.

Previous winners of Conquest

Some of the success stories of previous editions of Conquest are listed below:

  1. I-Traveller – Runners-up, 2013
  2. Solar Town – Runners-up, 2012
  3. PosterGully  – Finalist, 2012
  4. Phyzok – Winner, 2011
  5. GharPay – Runners-up, 2011
  6. iViz Security – Winner, 2006
  7. Mobile Medics – Winner, 2005

The title sponsor of the event is DCB Bank.

Startups, please make the most of this opportunity & head over to Conquest website for registration & more details.

* We would update this post once we receive more details from the Organization Team of Conquest. Stay Tuned !!! Please leave a comment in case any information on Conquest is required.

Image Credit  – Conquest

Pitney Bowes Inc., a global technology company that provides innovative products and solutions to power commerce, called for entries for the second phase of the Pitney Bowes Accelerator Program in India. The program focuses on startups that leverage software for customer information management, mobile, data analytics, location-based services, E-commerce management & Machine learning.

Selected startups will be informed by April, 2015 and invited to present before a jury panel. After the selection process, the names of the selected startups for the six-month long acceleration program will be announced in May, 2015.

Last year, Pitney Bowes named eight startups to the program.  Participants last year included Audianz, Tagalys, Teritree, RetailNav, Heuristics, Ideata, Yo-app and Brown Tape.

More details about the program

  • As part of the program, Pitney Bowes will shortlist entrepreneurs/startups that will have a choice to be located in the PB offices either in Pune or in Noida for incubation and mentorship.
  • Startups in the program will have access to Pitney Bowes’ software, application programming interfaces [APIs] and data for the duration of the program.
  • Training, technical and business guidance and mentoring will be provided to the start-ups from Pitney Bowes engineering and innovation leaders, and from software industry experts.
  • In addition to these strategic connections, start-ups in the Pitney Bowes Accelerator program will also be networking with prospective investors.

Speaking on the of launch of the second batch, Manish Choudhary, Vice President, Global Engineering and Managing Director, Pitney Bowes Software India said

Pitney Bowes guides its clients through the complex worlds of digital and physical technologies to drive growth and create meaningful impact. Startups are vital to technology innovation and India is a hotbed of startups. The talent fostered through the Accelerator Program has the ability to develop disruptive technologies that can be scaled globally.

Pitney Bowes continues to build its presence as a strong organization in India centered on innovation by becoming an incubator partner to NASSCOM’s 10,000 Start-ups initiative. 

About Pitney Bowes

Pitney Bowes is a global technology company offering innovative products and solutions that enable commerce in the areas of customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce.  More than 1.5 million clients in approximately 100 countries around the world rely on products, solutions and services from Pitney Bowes.  For additional information, visit Pitney Bowes at www.pb.com

Every entrepreneur whom we have met or interviewed on this blog has stressed on Mentorship & how getting the right mentor was important for their startup. This video from Phanindra Sama of Redbus shows how mentorship from TiE changed the course of their startup.

Lufthansa in partnership with ET Now & TiE brings an initiative named “Lufthansa Runway to Success”, a celebration of India’s vibrant entrepreneurial base and the extraordinary spirit of enterprise that lies at the very core of our economic success. This is the Season-3 of the series.

Lufthansa_Cover

About the Program

Runway to Success TV series is a reality programme that celebrates the spirit of Indian entrepreneurship. It is an inspiring programme on ET Now where thousands of contestants compete for a spot on a shortlist of 27 SMEs who compete for top honours in the 11 episode series.

The first 9 episodes showcase and interview a business pioneer each, who then selects a winner from 3 SME contestants on the show. The mettle of these episodic winners is further tested in the semi-finals & the top 3 vie in the Grand Finale. 

Lufthansa Runway to Success kicks off with a nationwide outreach inviting small and medium entrepreneurs to mentorship camps conducted through TiE. The camps offer insightful ‘guru sessions’ hosted by celebrated entrepreneurs as well as individual mentoring sessions by experts.

Why should startups participate in Lufthansa Runway to Success

It is a unique platform which brings together Competition, Feedback & Mentorship under one roof. If your startup is looking out for valuable suggestions, then you should definitely reserve your place for this show. For bootstrapped entrepreneurs, the good news is participation is free 🙂

Participation would provide an opportunity to transform your business. Icing on the cake is “Getting Valuable advice from experts” !!!

Startup’s get to win the coveted Grand Prize:

  • A seat at Stanford University’s prestigious Design Thinking Boot Camp
  • A Lufthansa Business Class ticket to the US
  • Mentorship from TiE

Registration information

Registrations are now open for Season-3 & interested startups can sign-up for the program here
You can also visit their Facebook page here

Image Credit : lhrunwaytosuccess

With World-Cup & IPL fever hotting up, more & more consumers are glued on to television. It is interesting deal for companies who advertise during that time slot since the ROI would be much greater as compared to advertising during prime-time.

coupon_logoMany e-commerce companies have also joined the band-wagon of advertising on TV in order to grab more eye-balls which further helps in customer-acquisition !!! However, if you are an online shopper, just shopping from these e-commerce websites would only fetch discounts which are offered by them. But as we have mentioned in one of the earlier articles, rise of e-commerce has opened up opportunities for Last Mile logistics, Automation, Analytics, Online Coupon & Deal websites. Along with Coupon & Deal websites, massive growth has been observed in the “Price Comparison” space. Now consumers are not only interested in deals but before they purchase a product, they want to “compare prices” across different e-commerce websites. This is also gives a Human Feel to shopping 🙂

Lately, there has been an explosion of Coupon websites & as per recent analysis, it is observed that consumers mostly search for Amazon & Flipkart coupons !!! While looking out for discount for a tablet on Amazon.in, we came across some interesting Amazon India Coupons & we could buy that tablet at a much better price !!! If as a consumer, you are looking out for Vouchers which offer deals on specific categories; you can have a look at some interesting line-up of Amazon India Vouchers

As consumers, it becomes important that we shop from known e-commerce websites & at the same time, get a pie of extra discount through these deals & coupons 🙂

Image CourtesyThe Maven Of Social Media