Microsoft to acquire LinkedIn for $26.2 billion

LinkedIn Headquarters Mountain View

There is one biggest acquisition and the latest news in the world history that Microsoft Corporation to acquire professional networking website LinkedIn for $26.2 billion in cash. This acquisition is a big one for both companies and most helpful for Microsoft to enhance its business sales and email software. This deal brings simultaneously the world’s top professional cloud with the world’s major specialized network. Microsoft said that LinkedIn will keep its own brand, freedom, and current LinkedIn CEO Jeff Weiner. He will send a report directly to Microsoft CEO Satya Nadella. This is Satya Nadella’s first big achievement as he took over the summit job more than two years back.

Microsoft CEO Satya Nadella has decided to pay $196 per share in an all-cash transaction valued at $26.2 billion for the industry oriented social networking immense. The whole transaction has already been approved by both but it must still get on hold for regulatory, authoritarian and other essential approvals. The deal is probably to reach its destination till the end of this year. Microsoft is able to access to the world’s leading professional social network with over 430 million members globally. If some reason the agreement will cancel then according to Microsoft’s SEC filing termination rights LinkedIn will have necessary to pay $725 million termination fee to Microsoft.

Mr. Nadella saidtoday’s work is split between tools workers use to get their jobs done, such as Microsoft’s Office programs, and professional networks that connect workers. The deal, he said, aims to weave those two pieces together.” It is really an admirable approach that both the professional cloud and the professional network coming together. It is a big part of the deal for Microsoft to being the center of global business workers. Mr. Nadella expects the deal will open new scopes and perspective for Microsoft’s Office suite and LinkedIn as well, both have saturated their markets and generally boost Microsoft’s income and its competitive position.

This contract will permit both companies to keep increasing, invest in and innovating on LinkedIn to make importance for their members and customers. The LinkedIn members will continue to increase their skills, abilities to find a job using the LinkedIn platform. They will continue to boost customers to hire high talent, advertise their brand and deal with their customers. Moreover, this contract is more than money, it is a powerful and great signal of where Satya Nadella is currently taking Microsoft. He sees its future because the cloud computing business provides all types of professional and specialized services to clients. It includes a social network to connect them with each other.

According to co-founder, chairman of the board and controlling shareholder of LinkedIn Reid Hoffman, “Today is a re-founding moment for LinkedIn. I see an incredible opportunity for our members and customers and look forward to supporting this new and combined business,” said Hoffman. “I fully support this transaction and the Board’s decision to pursue it, and will vote my shares in accordance with their recommendation on it.”

STARTUP SUMMIT 2016 : An Opportunity for You to Connect with Industry Experts

STARTUP SUMMIT 2016

Are you a startup entrepreneur who dreamed and build a business? Are you passionate to grow your business and reach to next level but funding and mentorship are the biggest hurdle between you and grow?

If Your Answer is YES then Hurdle end Here!

It is time to join Entrepreneur Startup Summit 2016.

Entrepreneur Startup Summit 2016 is going to provide the great opportunity to all entrepreneurs who want to connect with the top and brilliant minds of the industry. It will be helpful to know how to develop, increase and get desirable growth in the business.

“Entrepreneur STARTUP SUMMIT 2016” conference brings several speakers under one roof who are entrepreneurs, academicians, creators of business model,  innovators, policy makers, venture capitalists, consultants, business practitioners, business coaches and support groups. They describe their learning, knowledge, experiences, share insights and practices that helped to enhance their business ventures. They also present and discuss about modernization and success of entrepreneurship that is great learning source for small and medium businesses owners along with startup newbie.

READ: Checklist for starting a business

Who are going to speak in the Startup Summit?

  • Vikram Gupta : Founder and Managing Partner, IvyCap Ventures Advisors Pvt. Ltd.
  • Sachin Karnik : President, Mumbai Angels
  • C K Kumaravel : Managing Director, Naturals Beauty Salons India Pvt. Ltd.
  • Narendra Malhotra : CEO New Businesses, Graviss Foods Pvt. Ltd.
  • Mahesh Murthy : Managing Partner, Seedfund
  • Akhil Shahani : Director, Kaizen Management Advisors Pvt. Ltd.
  • Harshad Lahoti : Founding Partner, AH Ventures India Pvt Ltd.
  • Vishal Y Sinha: Business Head, Chef Sanjeev Kapoor
  • Adrian Khong : Founder & Owner, Jewel Coffee & Snatch (The Protein Bar), Singapore
  • Ivan Teo : Founder, Arteastiq, Singapore
  • Rajiv Nair : Chief Executive Officer, Celio Future Fashion Limited
  • Bhavna Vohra : Managing Director & Co-Founder, Heaven on Earth
  • Riyaaz Amlani : Managing Director, Impresario Entertainment and Hospitality Pvt. Ltd. , & President, National Restaurant Association of India
  • Ajay Ramasubramaniam : Founder, Zone Startups
  • Sandeep Aggrawal : Founder & CEO, ShopClues and Droom

It is two day Summit.

READ: Reasons why startups fail

Day 1– Saturday 21 May 2016 Agenda:

Inaugural Session | Time: 10:15 am to 11:30 am

Highlights of the Session: Discussion about entrepreneurship and startup ecosystem and business growth in 2016.

Session 1 | Time: 11:30 am to 12:30 pm

Session Highlights: How to start a startup business – Discussion about identify business opportunity and making plan according that.

Session 2 | Time: 12:30 pm to 13:30 pm

Highlights of the Session: A conversation with leading entrepreneurs and investors of the industry.

Lunch Time : 12:30 pm to 14:30 pm

Session 3 | Time: 14:30 pm to 15:30 pm

Session Highlights: How to transform a business into a brand?

Session 4 | Time: 15:30 pm to 16:30 pm

Highlights of the Session: Discussion about business partnerships building to get new height.

Session 5 |Time: 16:30 pm to 17:00 pm

Session Highlights: How is ecommerce beneficial for businesses?

READ: How to start a business with no money

Day 2 – Sunday 22 May 2016 Agenda:

Session 1 | Time: 10:30 am to 11:30 am

Session Highlights: Focus on food business.

Session 2 | Time: 11:30 am to 12:30 pm

Highlights of the Session: Think big to become bigger. Aim high to Scale-up business.

Session 3 | Time: 12:30 pm to 13:30 pm

Session Highlights: A mega discussion with startups.

Lunch Time : 13:30 pm to 14:30 pm

Session 4 | Time: 14:30 pm to 15:30 pm

Highlights of the Session:  Impact of technologies and trends on business.

Session 5 | Time: 15:30 pm to 16:30 pm

Session Highlights: Discussion about building leadership.

Session 6 | Time: 16:30 pm to 17:15 pm

Highlights of the Session:  15 minute to discuss about emerging business sectors.

READ: Business mistakes to avoid

Who should attend this startup summit 2016?

There are many startup entrepreneurs who want to transform their small business to a big business. They should attend business and digital marketing conferences as well as this entrepreneur conference 2016. In addition the following also can attend the summit.

  • Venture professionals
  • Business associations
  • Enterprises looking at financial support
  • Businesses looking at joint ventures, tie-ups and alliances
  • Potential, talented and existing businesses
  • Business analysts and consultants
  • Invention led enterprises
  • Retail and business schools students
  • Chain store operators
  • Policy makers
  • Real estate businesses

Date: 21 & 22 May, 2016

Venue: Nehru Centre, Worli, Mumbai

Advitiya Sharma cofounder of housing.com launches education startup Genius

advitiya-sharma

Advitiya Sharma, Co-founders of housing.com, who quit the real estate portal Housing.com last month (in March) launched an education startup Genius on Thursday. It is run by Genius Learning Labs Pvt. Ltd and it will provide software to neighborhood tutors for making learning more effective.

On March, when Advitiya Sharma left the Mumbai-based realty startup said he did not know what is his next plan to do. Sharma revealed the idea of the startup came to him when he was on break of 10 days.

“Right now you have schools, which have a great environment but where learning doesn’t happen well, and you have platforms like Coursera, which have good content but there’s no learning environment. We are taking the hybrid approach,” said Advitiya Sharma.

READ: Reasons why startups fail

Genius is backed by Genius Learning Labs Private Limited, which will offer neighborhood tutors content and software that adapt to each child’s learning abilities. Sharma’s education startup Genius plan is to reach minimum 8,000 students and 800 teachers across top five metros in the next six months. It will target school students from kindergarten to eighth grade but currently it is targeting class third to fifth and will offer Science, Mathematics and English lessons.

Genius competes with FlipClass, which is run by Gyankosh Solutions Pvt. Ltd, Vidyanext, run by Pengala Learning Pvt. Ltd and Tiger Global-backed Vedantu Innovations Pvt. Ltd, which all try to provide the home tutors facilities on needs with some new technology.

Sharma said, “We’ve designed a technology that can customize itself for learning needs, interests and pace of every child.” In K-8 segment, there are approximate 200 millions of students in India at present. According to research of National Sample Survey Organization, over 89 percentages of families in India are not satisfied with school education as well as from schools and spend their 12 to 15 percent of income on after school education therefore the market opportunities for Genius is enormous.

READ: Checklist for starting a business

“Scale won’t be a problem because when we acquire a teacher, we also acquire their real estate. This is a very asset-light model. We’ve also done affordability analysis and are targeting neighborhoods where teachers are likely to have tablet devices,” said Advitiya Sharma.

Sharma said, “We’re not becoming a school because they have a lot of constraints and have to adhere to a lot of regulations.”

Sharma said education start up “Genius” is building a team of technologists, entrepreneurs and educators through the company. “There are many people from Silicon Valley who are contributing to Genius. We have launched the product in just 30 days. We’ll be announcing our founding team soon,” he said. “For now, we want to bootstrap. Our model is very cost-efficient, and will generate profit from the first class”.

Image Source: techstory.in

Skoll Foundation Announces 2016 Skoll Awards for Social Entrepreneurship

Social Entrepreneurship

Skoll foundation makes huge scale transform by investing in, celebrating social entrepreneurs, innovators who help to solve the world’s biggest pressing troubles. Skoll Foundation gives the Skoll Awards each year for the social entrepreneurship to prefer group of social entrepreneurs whose improvements have already had important, confirmed impact on some world’s most pressing troubles and invests openly in the promise of even better impact at level. The Skoll Awards help to running free the complete worldwide potential and getting in touch with social entrepreneurs.

Recently, Skoll Foundation announced 2016 Skoll Award for social entrepreneurship. Every Awardee’s organizations receive $1.25 million, three-year foundation support asset to level their work and enhance their impact. They also increase influence with their long term membership in a worldwide community of creative leaders and innovators. They dedicated to solve the world’s biggest pressing problems. They choose awardees who processional capable to focus and solve issues like ecological sustainability, education, health, economic prospect, tranquility and human rights and sustainable markets.

The list of 2016 Skoll Awardees

  • Mallika Dutt: Mallika Dutt is the founder, CEO and president of Breakthrough. She received 2016 Skoll Award. Breakthrough prevents violence and prejudice by changing standard.
  • Sonali Khan: Sonali khan is a vice president and country director of Breakthrough. She received 2016 Skoll Award with Mallika. She brings along over two decades of qualified experience.
  • Bryan Stevenson: Bryan Stevenson is an Executive Director and founder of Equal Justice Initiative that is placed in Montgomery, Alabama. He received 2016 Skoll Award.
  • Chuck Slaughter: Chuck Slaughter is the Founder and President of Living Goods.
  • Vivek Maru: Vivek Maru is a Chief Executive Officer of Namati.
  • Oren Yakobovich: Oren Yakobovich is the CEO of Videre.

Nominations Process of Skoll Foundation

The Skoll Foundation uses a multiyear source procedure for the Skoll Awards of social entrepreneurship. Their aim is to save association’s precious time and reliable effort as identifying the greatly aligned social entrepreneurs. They only allow referrals and nominations request from their network of partners and reject every unsolicited referrals and nominations.

Criteria and Eligibility for Award

If you have been requested and nominate Awardees so it is important to review all the Skoll Award criteria and eligibility firstly to find out whether the organization would be eligible and probable to receive award. The organizations will be evaluated on the basis of the following criteria:

  • Social entrepreneur standards are entrench in the organization culture of the.
  • The association has a way that basically disrupts an unsustainable and unfair balance to resolve social and environmental troubles.
  • The organization has a feasible business reproduction and forceful plan for getting long term development and sustainability.
  • The organization mission is to identify a critical and timely issue because it is world’s most pressing problems.
  • The organization has joint venture in position to optimize its form and implementation that its mission on a bigger scale. It is a major factor that has local, national, regional and other main players in its ecological unit.
  • Skoll leverage needs the organization that actively shares and connects with Skoll society of social entrepreneurs and leaders thought.

Read: Best sites for entrepreneurs

Skoll Award beneficiary generally display following characteristics:

  • It makes strong management team and board.
  • It guide by a creative thinker, powerful social entrepreneur that serves as a spokesperson for their problem region.
  • It provides clear and steady focus on assignment.
  • It includes basic infrastructures sound business model, systems-level impact, scalable for greater, strong and planned partnerships.
  • They promise to measurement, assessment and wisdom.
  • It varies and mission aligned funding source.

The Skoll Awards disqualified Criteria:

  • It does not support latest or early stage business ideas and plans.
  • It disqualifies Individuals either through scholarships or different types forms of financial support.
  • Programs help religious or ideological policy such as mainly sectarian in nature.
  • It disqualifies lobbying (further than that allowed by rule for charitable organizations)
  • It does not support film economics, endowments, cash reserves and deficit reductions.
  • It is not for government agencies; university based projects, public schools, school districts, land, site achievement and facilities construction.
  • Institutions that separate on the basis of race, age, creed, gender or sexual orientation in procedure or practice.
  • Not support to grant making to other organizations or individuals, event sponsorship and political campaigns.
  • Organizations whose work and mission focus on a single metropolis, province or state.
  • It is not for parent organizations local offices and specific programs within organizations.

SmartUp – All in One Banking Solution for Startups by HDFC Bank

SmartUp - Banking Solution

HDFC Bank has launched SmartUp that is all in one banking solution dedicated for startups. SmartUp is personalized to meet up all the essential and general needs of a startup to fulfill all their banking requirements. SmartUp is started in association with ZSI (Zone Startups India) that is a Mumbai based startup accelerator. ZSI is a joint business enterprise of the Ryerson University Canada and Bombay Stock Exchange organization. It has been ready for more than two years and helped more than 70 startups. There are some essential benefits that highlights in SmartUp banking solution.

Benefits of SmartUp

  • SmartUp is a complete and perfect banking solution. This is not only provides fundamental or basic banking related transaction but also provides important and helpful services such as payment solutions, forex and advisory services.
  • SmartUp current account helps startups to get a waiver of Average Monthly Balance (AMB) for the first six months and expandable for a year. There are number of benefit of SmartUp current account.
  • The salary accounts for all employees by waiving the minimum number of employee criteria.
  • The bank recommends dedicated relationship manager, regulatory, suggestion of a chartered accountant for tax and compliance problems.
  • It provides PayZapp for business that is basically a payment and collection solution. It is the best Digital Payment Solutions.
  • With the help of SmartUp, you also can get the chance to showcase products on SmartBuy of startups to 32 million HDFC Bank customers.
  • The platform will also be available all over the India and includes tier-2 & tier-3 cities that are fast appearing as startup hubs.

According to Smita Bhagat, branch banking head – north and co-head, ecommerce, HDFC Bank, “We believe startups in India need partners who will be with them right from the start of their entrepreneurial journey, creating solutions that evolve as the company grows.”

However, these services are only for startups that are well recognized with their process and have an excellent rank of traction. If your startup is on early stage of growth and development then you should look and search for something else. Hence, the recently launched service is designed to provide a complete qualified banking solution to the startup segment.

Happy Birthday Twitter – Twitter Turns 10

Twitter Turns 10

Twitter has completed 10 years on 21st March. It started journey with a single Tweet. There are lots of iconic moments that have gone on this social media site in the last ten years. Jack Dorsey (Twitter’s first and present CEO) sent the first tweet on March 21, 2006. On its 10th birthday, Twitter has 320 million users with the presence of world famous celebrities such as Harry Styles, Katy Perry and Justin Bieber. At present, Twitter is not a small, strange unprofitable startup but it is a big, well-known, profitable corporation. There are some amazing that happened in the last ten years on twitter.  They have rounded up a list of sites including stars first tweets, iconic pics and more for your happiness.

Interesting Facts:

According to twitter “Throughout the years, you’ve made Twitter what it is today and you’re shaping what it will be in the future. Thank you for making history, driving change, lifting each other up and laughing together every day.”

Moreover, until the end of May 2009, twitter took over to reach the billionth tweet in 3 years. At present, approximate 6000 tweets are tweeted every second on Twitter. It corresponds to more than 350,000 tweets sent every minute. Therefore, around 500 million tweets per day and approximately 200 billion tweet per year. The data is according to Twitter Usage Statistics. Hence, it is great for twitter that started on 21st march 2006 in the Australia and now moving all over the world. For twitter, all the best wishes for 10 wonderful and incredible years.

Top 10 Cities in India for Best Startup Ecosystem

startup 2016

In India startup culture is booming that is important for the Indian and worldwide economy development. India is making a strong ecosystem for nurturing improvement for startups that will drive successful economic growth and increase chances of high level employment. There are several benefits for startup that will encourage you to launch a startup. Recently, the government of India announced that startups will not be necessary to pay income tax on their incomes for the first three years that will also be free from capital gains tax. This is major benefit of startup that encourages starting a startup without any extra expenses. There is one of the important things that which city you choose for startup. If you are interested to launch startup then need to find out the successful way for flourishing startup.  There are many cities in India where startup can get success.  Following are top cities and best place to launch a startup:

1. Bengaluru

Highlights of Bengaluru:

  • Bengaluru is the Silicon Valley of India and nation’s biggest IT services exporter.
  • The largest tech companies headquartered are in Bengaluru like Infosys and Wipro.
  • It includes successful start-ups like FreeCharge, Quikr, Ola and InMobi that had shifted their base in the Bengaluru for good talent and low real estate price.
  • Bengaluru is the home for some of the largest and well recognized companies as well.

2. Hyderabad

Highlights of Hyderabad:

  • Hyderabad is generally known as the City of Pearls and also known as the IT hub of India.
  • In 2009, The World Bank Group graded the city as the second top and best Indian city to do business.
  • There are major Indian enterprises offices in Hyderabad like Tech Mahindra, Tata Consultancy Services (TCS), Infosys and Wipro.
  • The largest companies like Google, Facebook, IBM, Microsoft, Dell and many more that has central campus in the city.
  • Hyderabad proves that it is a successful and booming ground for startups.

3. Pune

Highlights of Pune:

  • Pune is India’s largest IT Park that is well-known as the Hinjavadi.
  • Pune also has strong startup action and maybe the top ecosystem for development the startup achievement.
  • It has the offices of many leading players in the field of IT.
  • The industries of startups are presently flourishing in Pune like education, ecommerce, ERP, marketing and advertising.
  • It is slowly rising up the steps to be in the equal race as BaCities in India for Startupngalore.

4. Delhi/NCR

Highlights of Delhi/NCR:

  • Delhi NCR has already hosts largest e-commerce companies like Paytm, Snapdeal and Grofers, which has seen 52 e-commerce startups increasing capital since 2011.
  • Delhi is the home of more than 250 Fortune 500 companies.
  • There are many international companies including Coca-Cola, IBM, Pepsi, Microsoft, American Express and Bank of America that have selected the city as their India headquarters.
  • Many of the investors in Delhi/Noida/Gurgaon that make it easy for entrepreneurs to get mentorship and assets.
  • Gurgaon is an industrialized hub that located in the NCR (National Capital Region) near New Delhi.
  • Gurgaon has startup hub in India that includes many successful startups. Now, it has become hug brands such as Zomato, MakeMyTrip, Quickr, ixigo are there.

5. Mumbai

Highlights of Mumbai:

  • Mumbai is the commercial and financial capital of India.
  • Most of the top India’s corporation including Larsen and Toubro (L&T), Godrej and Reliance, Life Insurance Corporation of India (LIC), State Bank of India (SBI), Tata Group  and five of the Fortune worldwide 500 companies are based in Mumbai city.
  • Approximate 17% of the startups are focused in Mumbai and widely focused on Hyperlocal, ecommerce, ecommerce Enablers and Aggregators.
  • Mumbai host key startups like housing, Instamojo.TinyOwl, ClearTrip.

Read: 11 Reasons Why Most Startups Fail?

6. Chennai

Highlights of Chennai:

  • Chennai is well-known as the ‘Detroit of India’ for its successful automobile business.
  • Hyundai, Robert Bosch, Renault, Nissan Motors, BMW, Ford, and Mitsubishi have manufacturing plants in Chennai.
  • It is fast turning into Software as a Service (SaaS) hub.
  • There are a number of large and small B2B SaaS product companies like Freshdesk, ZOHO, Unmetric and InterviewStreet.
  • There are also some of the best banks with the association of RBS; World Bank and so on that have their offices in Chennai.

7. Ahmedabad

Highlights of Ahmedabad:

  • Ahmedabad is well-known as the “Manchester of the East” for its textile business.
  • Ahmedabad has a centre for advance Incubation and Entrepreneurship that has already been the procreation ground for more than 100 startups.
  • It is also one of the biggest exporters of jewellery and gemstones in India.
  • There are leading pharmaceutical companies of India like Zydus Cadila and Torrent Pharmaceuticals are based in the Ahmedabad.

8. Bhubaneswar

Highlights of Bhubaneswar:

  • There is IT monsters like Mindtree, Infosys and TCS in Bhubaneswar that also acts as a channel for the growing startup civilization in the city.
  • There are some key factors that make Bhubaneswar a startup heaven.
  • This year the World Bank has positioned Bhubaneswar as the top place to do business in the India.
  • The Odisha state government has dedicated a support system to support entrepreneurship.

9. Coimbatore

Highlights of Coimbatore:

  • Coimbatore has two SEZ (Special Economic Zones). The first one is CHIL (Coimbatore Hi-Tech Infrastructure) SEZ at Saravanampatti and second one is TIDEL Park near Peelamedu.
  • Coimbatore has a huge number of engineering colleges that make lakhs of young engineers yearly.
  • Coimbatore has the second biggest hub for Cognizant Technology Solutions in India and homes companies like Robert Bosch GmbH, IBM, Ford, Wipro and Dell.

Read: Checklist For A Perfect Business Startup

10. Kolkata

Highlights of Kolkata:

  • Kolkata is the leading commercial and economic hub of East and North-East India.
  • There is top Indian corporation headquartered like Coal India Limited, ITC Limited, National Insurance Company, Britannia Industries and Exide Industries in the city.
  • Kolkata city is also a home for a number of industrialized units.
  • It is magnetizing a lot of leading companies to set up their bases.