Crimson Healthcare, a med-tech company has raised a funding of Rs. 1.75 crore from Mumbai Angels Network. Crimson healthcare was founded in 2015 and is headquartered in Delhi. Crimson Healthcare is focused on improving ostomy care.
It aims to improve the lives of ostomates globally who defecate in a bag hanging from their abdomen. Crimson has developed an ostomy management device, SphinX which is a soft and pliable insertable port and provides a safe, secure and discreet solution to stoma management while restoring continence to the patient.
Founded by Pranav Chopra and Neeraj Kumar both alumni of Stanford India Biodesign with an aim to innovate cutting edge solutions for various problems in the healthcare system with advanced engineering and technologies. Crimson is supported by Indo US Science and Technology Forum and the Department of Biotechnology through their Biotechnology Ignition Grant [BIG].
The technology has been developed under the School of International Biodesign, a Department of Biotechnology, Govt. of India supported collaborative programme between All India Institute of Medical Sciences, Indian Institute of Technology-Delhi and International Partners and licensed to Crimson Healthcare by Biotech Consortium India Limited, New Delhi.
Pranav Chopra, co-founder of Crimson Healthcare said
Mumbai Angels Network has been very supportive through the whole process of raising funds. With these funds, we plan to bring about significant changes by expanding our research and taking our product to the market and into the hands of our patients.
We are delighted to have Crimson Healthcare in our expanding portfolio of healthcare and lifesciences sector. We believe this innovation is definitely going to bring change in the lives of ostomates. We recently launched LifeSciences Vertical, a network within a network for various Pharma/Healthcare companies and start-ups’ from the LifeSciences sector on our Investment Platform.
About Mumbai Angels Network
Started in 2006, Mumbai Angels Network [MA Network] is India’’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters [Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai]. It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores. For more information, please visit Mumbai Angels.
Most individuals invest in mutual funds as it generates higher returns, vis-à-vis other investment products such as bank fixed deposits. Plus, it is more secure than directly investing in equities through stock markets.
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However, at times mutual funds may often fail to achieve this fundamental objective. This might make you wonder whether you should continue to remain invested or pull out of your mutual fund investments. So, what do we do when an equity fund underperforms?
Find the reason for such underperformance
It is important to find the reason for the underperformance of your fund. Some of the major reasons include:
Change in fund manager
Wrong fund management style
High expense ratio
Merger and acquisition of the fund
What should you do if your equity mutual funds underperform?
Here’s what you can do under the circumstances your equity fund underperforms:
Stop panicking and stay invested
This advice is for those investors who are planning on investing for a long-term. The market witness volatility and might go up and down. However, in the long run, it is likely to perform better and offer good returns. In the short term, your portfolio might lose shine and even drop in value due to volatility.
If you have a longer time investment horizon of, say, 7~10 years, don’t get disheartened by lousy news and continue to stay invested. You are bound to recover your notional losses and make better returns on your mutual fund investments.
Avoid redeeming your mutual funds
Several investors make the mistake of redeeming their funds when the markets are dropping. They think it is better to exit the markets at this stage and re-enter when the market shows sign of recovery.
But, they tend to forget that it is almost impossible to time the markets. Also, remember the losses you incurred are notional losses unless the investments are redeemed, which then becomes actual losses.
Remember that even highly victorious fund managers can underperform over the short duration or medium-term. Yet, if their fund management approach is sound, they are bound to deliver significant returns in the long-run. However, the ‘buy and hold’ approach does not work each time in case of mutual funds.
Conclusion
Sometimes, it is essential to ditch a mutual fund after a period of consistently poor performance and returns. However, you should take this call only after convincing yourself that there is more to blame for the underperformance of the equity fund than just a temporary bad phase. Happy investing!
JFrog, the Universal DevOps technology leader known for enabling ‘Liquid Software’ via continuous software release flows, announced the lineup for its annual DevOps community and JFrog user conference swampUP.
It will take place online June 23 and 24 for the Americas and June 30 and July 1 for EMEA & APAC. Notably, all conference registration proceeds will be donated to COVID-19 charities.
Since JFrog’s inception, we have partnered with the community to bring top tools and methodologies to the market, always with the developer in mind. Community safety also means we can’t all be together in the usual way, but the need to share is still there.
We wanted to partner again with the open-source and DevOps communities and deliver not only the top-shelf content they’re used to from swampUP, but also to give back to our global communities as we collectively accelerate the cure for this virus.
All-virtual this year, swampUP will ‘fast-forward’ the current DevOps landscape with visionary keynote addresses and thought?provoking sessions from industry experts covering the latest trends and best practices around software distribution, containers, automation, security, and package management.
swampUP 2020 is going to be super exciting especially for APAC and India since this is the first time that we are having an exclusive 2-day conference just for our APAC and India customers. We see tremendous growth and potential in this market and continue to focus and invest here.
JFrog is bringing together an impressive list of industry thought leaders and DevOps luminaries to offer a unique combination of insight, entertainment and inspiration, including
Selected list of speakers for the swampUP Conference
• Kohsuke Kawaguchi, co-CEO, Launchable, Inc., and creator of Jenkins
• John Willis, vice president of DevOps and digital practices, RedHat
• Wayne Chatelain, senior manager of software engineering, Capital One
• Jessica Deen, Azure Avenger
The annual conference is divided into two parts, with the first day focused on delivering hands-on DevOps training alongside other practitioners and peers. Specialized courses led by DevOps experts are designed to empower attendees to fast-forward their DevOps or DevSecOps knowledge and abilities.
The second, full conference day will begin with an industry keynote address followed by breakout sessions following four separate streams: Cloud Native, DevSecOps, Enterprise DevOps and Digital Transformation. Over 30 sessions will be delivered from thought leaders from global companies including Google, Microsoft, Adobe and more.
Registration for swampUP is open and spots for both training and the conference are filling quickly. Secure your spot today to ensure you don’t miss this exciting virtual event.
Challenges are inevitable in the business field. All businesses have their own rises and falls. But the real trouble surfaces when the falls overpower the possible rises. However, no business fails in an overnight. Business failure is a gradual process and happens slowly. As most of the owners focus on their company’s day-to-day operations, they fail to notice the gradual decline in their overall growth, which is a sign of failing business.
By the time you recognize the signs of deterioration, your business could already be in danger. A failing business can create a negative impact on your borrowed debts like a business loan. Hence, keeping an eye on the growth and recognizing the signs of financial troubles is necessary to salvage the failing business.
Read on to understand a few signs that warn your business is in big trouble:
Difficulty in availing Loans– This is one of the first stages which hints the decline of your business. If your applications are getting rejected or you are finding difficult to find funds, check for any faults in the growth. A decline in the growth of your organization can always reflect on your chances of getting a bank loan for business.
Missing milestones– Business may have their bad days, but there will be some milestones as well. If your business is continuously facing problems, without any good days, analyze earlier operations and find the issues. Compare the growth and generate a plan to overcome the failure, if any.
Lack of investors– If your organization or business fails to attract investors, again, that is a sign of trouble in your operational side. Most of the buyers and investors value the business, based on specific parameters. This may sometimes do not match with your internal estimations, which further damages the sale. A failed deal can pull down the value of your business.
Stacking account payables– One of the best ways through which you can determine the company’s financial health is by checking the accounts payables. The account payables always give a picture of your company’s cash flow. A stacked-up account payable points out to the businesses’ inability to pay off the debts. This can be a sign of failure.
How to resolve the crisis?
Implementing a backup strategy can help the business get back on the road to recovery. When your business starts showing the warning signs of failure, act promptly by finding the right strategy to overcome the situation. The strategies may vary depending on the departments, which shows the telltale signs of failure.
If the problem is in the operations department, then speak to the teams and restructure the operations by cutting down unwanted activities. Similarly, if the issues are in finding funds, find an alternative instead of sticking on to a single choice. Find capital investment for your business from other sources and restructure your organization.
To reduce the chance of failure, finding the warning signs at the earliest is the best way. If you can recognize a decline, you can take corrective measures as soon as possible to save your organization from the eventual collapse.
Managing finances is never easy. Hence, it is always safer to scrutinize how your finances flow. Opening a checking account is the steppingstone of your finance management future. It is one of the simplest components of your personal finances.
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No matter what kind of account you have, managing it proactively can help you avoid the possible mistakes. While financial stability is one of the predominant parts of your life, getting financial advice can help you to manage your accounts and stabilize the savings.
Consider these tips to manage your checking account effectively:
Sign Up for email-alerts – The banks will send you notifications of the account activities via mail if you sign up for this choice. This feature enables you to check if your account exceeds or falls below the threshold limit that you have set. Make sure that the banks have your email address and phone number.
Manage Overdraft Fees – Keep an eye on your account balance to avoid an overdraft fee. The banks are liable to charge an overdraft fee if you spend more money than you have in your account. But, most of the banks offer overdraft protection, a service which automatically transfers funds from one bank account to another to avoid overdraft fees.
Check for deposit lag – Sometimes, the submitted cheque can take several days to get cleared. This can also lag the time for the amount to be credited to your account. The lag can bounce the cheque. Inform the bank if you experience such issues and find about the fund rules.
Know the security features – If your debit card is lost or stolen, the banks offer you security features like id proof or checking for unusual purchasing. The banks also offer measures such as a virtual lock on your card to block the transactions if it is stolen. Connect with your bank to get an idea on the security measures they offer against the fraud.
Automate the Payments – Automating the finances can help you save time and pay bills with no hassles. You can set up automatic transfers from checking to savings and the bill pay so your monthly bills are paid automatically from your account.
Utilize the distinctive features – To make banking experience smoother and better, banks offer the customers several features. Options vary according to the banks. Check with your bank and use the features to the fullest.
Opt for paperless statements – As banks are going digital, you can even open a current account online. Opt for online statements, which is safer. Most of the banks have a choice to sign up for paperless statements to review your statements online.
Managing your bank account is as important as depositing money to your account. This needs a little effort which includes checking your balance and transactions at least once a week. With a proper planning, you can avail all the benefits of your account.
Our obsession for gold is ageless. Their time immemorial craze for gold is still shining bright. Indians will splurge half of their savings on the yellow metal, as they consider it precious. They reckon gold as a commodity of immense value which can reflect the status of wealth. At an investment level, gold is always considered a haven.
With economic activities slowing down due to COVID-19 lockdown, more people are likely to pledge their collection of precious metal to get a loan. Gold can be a friend in need during a financial crisis. Gold loans have always been word of mouth during such emergencies as it is easier to avail. As the majority of Indians own gold, they can easily approach lenders for getting a loan.
Here are some reasons why Indians prefer loan against gold to overcome a financial crisis.
Gold prices are rising – When you pledge gold as collateral, you’ll get the loan amount depending on the current market value of gold. A rise in the price of gold often makes you eligible for higher loan amounts.
The easiest way to get funds – Compared to other types of loan, loan against gold is easy to avail. Banks consider gold as a secured asset, hence there is no need of any collateral. Gold loans are known for their quick disbursal. If all the required documents are intact, you can even get the loans within a few hours.
No restrictions on usage – Most of the banks have set guidelines for the usage of loans. The gold loan doesn’t have any restriction on the utilization of funds, which makes it popular among the people. It can be used for any purpose.
Higher loan value – As gold is considered a highly valued commodity, you will get a higher loan value based on the quantity and quality of gold. Most of the lenders give you up to 75% of the pledged gold’s value as the loan amount, with lower gold loan interest rates.
Flexible Repayment options – Gold loans repayments are flexible than other types of loans. Based on your convenience, you can repay the loan as fast as possible, or you can stick with the tenure. You may also get the options to pay the interest on a monthly, quarterly, half-yearly or yearly basis.
Gold security – Keeping gold at home is unsafe. When you avail a gold loan, the banks will keep your gold protected in the lockers. They won’t levy additional charges for this. Hence, gold loan is an excellent option to get money and keep your gold safe.
Often, loan against the gold is considered a reliable alternative during emergencies. The flexible features that gold loans offer have made it a preferable choice among the Indian people.
In the span of a few months, the coronavirus has reached every country, every community, and every neighbourhood. No nation is spared. Economy grinds to a halt. Millions have fallen sick. In the meantime, if you take a look at the 15 biggest cyber attacks in the 21st century, you would notice a few things.
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First, no country is untouched. Second, it’s extremely disruptive to business operations. Third, millions have fallen victim to these attacks. We have been dealing with a different kind of outbreak for many years, that is, the pandemic of cyber attacks.
The world responds
By now, most countries have imposed a mixed bag of measures to deal with the outbreak. If you look closely, the overarching strategy for dealing with COVID-19 has revolved around four quadrants: prevention, detection, response, and prediction.
In cybersecurity, we often talk about the importance of a holistic strategy that consists of the same quadrants. At its core, a good cybersecurity strategy should take multi-pronged approach and a long-term view.
Prevention
The first pillar of the defense is prevention. In the time of COVID-19, prevention means protecting people from being infected in the first place, such as washing your hands, socially distancing yourself from others, disinfecting your phone and wallet when you get home, and more.
In cybersecurity, prevention means the exact same thing – protecting your IT assets from being infected in the first place. Because most major data breaches can be traced back to a single point of failure that could have been prevented.
Today, many new cybersecurity vendors talk of a shining silver bullet that miraculously waves away all your cybersecurity headaches – such as Machine Learning or EDR. But in reality, the concept of a single silver bullet doesn’t hold up.
You need the basic technologies – such as antivirus, application control, web and file reputation, etc. – to do the heavy lifting. These technologies can filter majority of the alerts, categorizing them as either good or bad.
Detection – knowing what you’re looking for
Contact tracing is crucial during outbreaks. The longer you take to identify a patient, the more people will be infected.
In cybersecurity, detection is about the same thing – how fast you can detect a breach in your system determines the scope of damage. We believe in this strategy called connected threat defense. By deploying security solutions at all the touch points in an IT system, from the endpoints to the network to the server, you can start to connect the dots and gain visibility into every nook and cranny. If you know what’s lurking in your IT environment, you can significantly increase your chance of getting rid of it.
Endpoint detection and response [EDR] is another tool designed for the same purpose. EDR technology works like a black box in a plane. It records everything that takes place on the endpoints and threat hunters can rewind to see from which point a threat entered the system, and how it spread across the network. Based on the information, a blueprint of the malware’s infection path can be drawn.
Response – prioritizing the important ones
During the outbreak, there are many false positives and false negatives. Some people may test negative now but develop the symptoms next week. Suspected cases may turn out to be totally innocuous. Because the medical supplies are limited, the healthcare workers need to prioritize. To prioritize, you need context-rich information about the patient.
It’s the same in cybersecurity. A Security Operations Centre [SOC] receives thousands of alerts on a daily basis. Hence, prioritization becomes the key and this is where XDR comes into picture. XDR is the natural progression from EDR. The X stands for anything you can apply detection technology to, such as emails, servers, or the network. XDR is a big collector of security alerts, absorbing data from various touchpoints.
Essentially what XDR does is to break the silos between all these solutions gathering data on their own. A prominent feature of the XDR tool is a central data lake where all data will flow to eventually and be analysed as a collective.
All this data churning can minimize alert fatigue, as it produces high-priority alerts with rich context around it. SOC analysts can now focus on alerts that need immediate action instead of combing through every single one of them and manually looking for connection.
Prediction – taking two steps ahead
Wall Street Journal reported that epidemiologists were teaming up with data scientists to forecast the spread of the coronavirus outbreak in the near future. By taking into consideration a vast array of different types of data, the model is expected to predict the number of new cases to arise in an exposed population, or peak infection rates.
Likewise, in cybersecurity, the more accurate our predictions are, the more effectively we can deal with an upcoming data breach. We achieve this by collecting and correlating a vast array of different types of detection and activity data from our native sensors, deployed at different layers within the organisation, like the endpoint, network, email, and the cloud environment.
Combined with big data analytics, threat models, advisory-based behaviour analytics and detection rules from our security experts, we can help to uncover if an emerging or unknown threat or a threat actor is attempting to infect your organization. On top of that, continuous risk assessment of an organisation’s cybersecurity posture also serves to predict impending issues.
COVID-19 will go away, just like any of the pandemics in the past. But cyber attacks will stay as long as there’s a computer connected to the internet. The most effective way to deal with cyber attacks is not to dream of a cure-all panacea, but to take small but coordinated measures that culminate in an all-rounded defense strategy.
About the Author
Dhanya Thakkar is the Vice President & Managing Director, AMEA, Trend Micro. You can more about him here.
Hyderabad is a major economic hub of India. The city is the capital of Telangana, as well as the former capital of Andhra Pradesh. Hyderabad has achieved impressive growth in automobile parts manufacturing, textiles and apparel, poultry farming and pharmaceuticals industries. It is known as the fifth most productive city in India.
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With a cosmopolitan culture, the city has a congenial and hospitable environment for growth and development of startups as well as established businesses. The city has emerged as a big information technology [IT] centre of the country and with this, the personal finance sector is also taking a more tech-driven route. The financial services market witnessed phenomenal growth because of the predominantly young population availing personal loans in Hyderabad.
Purpose of the loan
Personal loans in Hyderabad can be used for the following reasons:-
Medical emergencies and Healthcare expenses
Financing Home Renovation
Debt Consolidation
Purchase of gadgets
Buying home appliances
Funding Higher Education
Wedding expenses
Travel expenses and many more.
Personal loans are an unsecured form of credit, where you are not required to submit any asset or property to get the loan. The loan amount can be used for financing any expense. Let’s have a look at the commonly asked questions when applying for a loan to help you get a loan with ease.
How can I apply for an instant personal loan in Hyderabad?
To successfully apply for a loan in Hyderabad, you need to research and look at all the options available for a personal loan. Many banks and lending institutions offer attractive interest rates on loans, ensuring that you opt for a lender that meets your financial requirements.
The following are the steps to apply for a loan.
Step 1: Visit the website of one of the online loan marketplaces to check and compare loans offered in the market.
Step 2: Start by filling in your personal, financial, and employment details.
Step 3: Select the loan amount required and the loan tenure
Step 4: Submit the basic required documents to the representative of the bank, who will get in touch with you.
Step 5: The loan amount will get credited in your bank account within 24 hours.
What is the eligibility criteria for taking a personal loan in Hyderabad?
When applying for a Personal Loan in Hyderabad, it is absolutely necessary to make sure you fit in the eligibility criteria set by the lender.
Eligibility Criteria
The applicant needs to be between the ages of 21 to 60 years
Should have a monthly income of minimum Rs. 15,000
The applicant needs to be an Indian Citizen to be eligible
Personal loan Eligibility is calculated based upon your monthly income, current EMIs, and the type of organization you are currently working for, and your working experience. You can take the help of a Loan Eligibility Calculator that calculates your loan EMIs, you are eligible for at various interest rates and the loan tenure best suited for you.
How to get a personal loan with a low-interest rate in Hyderabad?
The below-mentioned steps will help get you a low-interest rate on your loan:
Ensure you have an excellent credit score.
Keep a low credit utilization ratio.
Maintain lower debt to income ratio
Do not apply for loans with multiple lenders at the same time.
Get a loan from a bank/NBFC with which you already have a relationship, such as a savings account or a fixed deposit.
What is the best option to take a collateral-free personal loan in Hyderabad?
With the help of a personal loan, you can take care of all your financial needs with ease. Apply for a collateral-free loan at Finserv MARKETS and get the convenience of a line of credit. You can enjoy additional benefits such as online account access, pre-approved offers, and a flexible loan tenor.
Bajaj Finserv’s Personal Loan has a quick and easy loan application process with minimal paperwork required. Your loan gets approved within minutes and the loan amount gets disbursed in your bank account within 24 hours. All you have to do is get the Finserv MARKETS app online and get access to instant personal loan and enjoy all the benefits it has to offer.
