Startup Funding 2015

Here are Some Highest Funded Startups In 2015.....

 

 

1) Ola
India's largest taxi aggregator secured $500 million (roughly Rs. 3,299 crores) in funding in November, catapulting it to the pole position in this roundup. In the funding announcement, Ola quoted a growth rate of 30 times in the last one year, and now fields over one million booking requests a day.
Founder(s): Bhavish Aggarwal, Ankit Bhati
Headquarters: Bengaluru
Website: www.olacabs.com
Type of Business: Taxi aggregator
Funding in 2015 ($ Million): 900
Founded In: 2011
Investors: Tiger Global, Matrix Partners, SoftBank, Steadview Capital, Sequoia Capital, Falcon Edge Capital, DST Global, Didi-Kuaidi, Accel Partners, ABG Capital, GIC



2) Paytm
Valued between $3-4 billion, Paytm is arguably India's most used mobile wallet, with a claimed user base of over 100 million. Paytm provides apps for shopping on almost every mobile platform, and got a license from RBI to set up a payments bank, enabling it to offer current and savings account deposits.
Founder(s): Vijay Shekhar Sharma
Headquarters: Noida
Website: www.paytm.com
Type of Business: Mobile wallet and e-commerce
Funding in 2015 ($ Million): 890
Founded In: 2010
Investors: Alibaba Group, SAIF Partners, Intel Capital, Reliance Capital
(Also read: Paytm's Vijay Shekhar Sharma on Plans for the Payment Bank)
(Disclosure: Paytm founder Vijay Shekhar Sharma's One97 is an investor in Gadgets 360.)


3) Flipkart
Arguably India's most popular e-commerce marketplace, Flipkart is certainly the most capitalised, valued at over $15 billion, according to news reports. The company pivoted to a mobile first model, threatening to go app-only, and then bowled a googly with Flipkart Lite, providing an app-like experience on Chromium-based mobile browsers.
Notable launches this year include a messaging layer called Ping, and the company moved to its homegrown data centre in Chennai this year. It also sold approximately 8 million items, and had a GMV of over $300 million (approximately Rs. 1,945 crore) during the Big Billion Days Sale. Major acquisitions this year include FX Mart, Appiterate, and AdIQuity.
Founder(s): Sachin Bansal, Binny Bansal
Headquarters: Bengaluru
Website: www.flipkart.com
Type of Business: Online retail
Funding in 2015 ($ Million): 750
Founded In: 2007
Investors: Tiger Global, Accel Partners, Iconiq Capital, Naspers, DST Global, GIC, Morgan Stanley, Sofina, Steadview Capital, Vulcan Capital, Dragoneer Investment Group, Baillie Gifford, Greenoaks Capital, Qatar Investment Authority, T. Rowe Price


4) Snapdeal
Valued at $6.5 billion according to news reports, Snapdeal acquired Freecharge, MartMobi, Exclusively, Letsgomo Labs, RupeePower,and Reduce Data this year. Snapdeal relaunched Shopo, an app-only zero commission marketplace in July, and is in a constant game of one-upmanship with its competitor Flipkart - launching one-hour refunds and Snap Lite in quick succession.
Founder(s):Kunal Bahl, Rohit Bansal
Headquarters:Delhi
Website: www.snapdeal.com
Type of Business: Online retail
Funding in 2015($ Million): $500 million
Founded In: 2010
Investors: Temasek, BlackRock, Myriad Group, SoftBank, Nexus Venture Partners, Kalaari Capital, eBay, Bessemer Venture Partners, Intel Capital, Saama Capital, Foxconn, Alibaba, InnoVen Capital


5) Grofers
Hyperlocal delivery platform Grofers was in the news late November for reportedly raising $120 million (roughly Rs. 800 crores) in its series D round. The two-year-old startup acquired MyGreenBox, Spoonjoy, and Townrush, all this year.
Founder(s): Albinder Dhindsa, Saurabh Kumar
Headquarters:Delhi
Website: www.grofers.com
Type of Business: Grocery delivery
Funding in 2015($ Million): 165
Founded In: 2013
Investors: Sequoia Capital, Tiger Global, SoftBank


6) Quikr
Online classifieds website Quikr launched a chat messaging feature earlier this year, and secured a $150 million (roughly Rs. 1,000 crores) funding round in April in its Series H from AB Kinnevik and Tiger Global. The company also launched QuikrJobs, a recruitment platform for blue collar, grey collar and entry-level jobs in in September.
Founder(s):Pranay Chulet, Jiby Thomas
Headquarters: Mumbai
Website: www.quikr.com
Type of Business: Online classifieds
Funding in 2015($ Million): 150
Founded In: 2008
Investors: AB Kinnevik, Nokia Growth Partners, Matrix Partners, Omidyar Network, Norwest Venture Partners, Warburg Pincus, eBay, Tiger Global, Steadview Capital


7) E-com Express
Founded by former Blue Dart employees, E-com Express received a $133 million (roughly Rs. 887 crores) investment from private equity firm Warburg Pincus in June this year. The firm, which handles deliveries for e-commerce companies, reportedly employs over 8,000 people and has presence in 210 cities and with 320 delivery centres.
Founder(s): TA Krishnan, K Satyanarayana
Headquarters: Delhi
Website: www.ecomexpress.in
Type of Business: E-commerce logistics provider
Funding in 2015($ Million): 133
Founded In: 2013
Investors: Peepul Capital, Warburg Pincus


8) Oyo Rooms
The two-year old startup, founded by 21 year-old Ritesh Agarwal became a household name after it received $100 million in funding from SoftBank in August this year. The startup operates in an asset-light model, tying up with existing hotels to offer a 'standardised experience', with rooms starting at Rs. 999 a night, offering amenities such as AC and Wi-Fi. Oyo Rooms offers apps on Google Play and App Store, and recently tied up with Airtel to offer Wi-Fi and DTH services.
Founder(s): Ritesh Agarwal
Headquarters: Gurgaon
Website: www.oyorooms.com
Type of Business: Budget hotel accommodation
Funding in 2015($ Million): 125
Founded In: 2013
Investors: Lightspeed Venture Partners, DSG Consumer Partners, Greenoaks Capital, Sequoia Capital, SoftBank, VentureNursery


9) Practo
Online healthcare platform Practo raised $90 million in its Series C funding in August, and went on to acquire Insta Health, a provider of cloud-based hospital information management solutions, Qikwell, and hospital appointment scheduling platform a month later. Currently present in four other countries apart from India - Singapore, Philippines, Indonesia and Malaysia - it has global aspirations in the healthcare space.
(Also Read: Going Global, Indian Startups Learn the Importance of Thinking Local)
Founder(s): Shashank ND, Abhinav Lal
Headquarters: Bengaluru
Website: www.practo.com
Type of Business: Finding and booking doctor’s appointments/ Practice management for doctors
Funding in 2015($ Million): 120
Founded In: 2008
Investors: Sequoia Capital, Matrix Partners India, Tencent, Sofina, Google Capital, Altimeter Capital


10) Zomato
another Indian tech startup that is thinking global is restaurant search and discovery platform Zomato, which lists 1.4 million restaurants across 23 countries. Zomato shut down its Cashless business due to a lack of product-market fit, and laid off 300 employees in October. The startup is known to have a demanding work culture; its CEO's mail was widely circulated and dissected earlier this month. The seven year-old company has raised $223.8 million (roughly Rs. 1,450 crores) in eight funding rounds so far, having raised $60 million (roughly Rs. 400 crores) in its latest funding round in September.
Founder(s): Deepinder Goyal, Pankaj Chaddah
Headquarters: Gurgaon
Website: www.zomato.com
Type of Business: Restaurant discovery/ Food delivery
Funding in 2015($ Million): 110
Founded In: 2008
Investors: Info Edge India Ltd, Sequoia Capital, Vy Capital, Temasek


11) Inmobi
Ad-tech player InMobi featured in MIT Technology Review's Top 50 Disruptive Companies in 2013. The company launched its mobile discovery platform Miip in August, bundling it over 40,000 mobile apps at launch, as a complement to walled-garden experiences like Facebook or Twitter. Its tie up with China's Apus in September, could potentially help it to reach 500 million new users. In October, the went live with its partnership with content recommendation engine Taboola.
Founder(s): Naveen Tewari, Mohit Saxena, Abhay Singhal, Amit Gupta
Headquarters:Bengaluru
Website: www.inmobi.com
Type of Business: Digital ads
Funding in 2015($ Million): 100
Founded In: 2007
Investors: Mumbai Angels, Sherpalo Ventures, Kleiner Perkins Caufield & Byers, SoftBank, Tennenbaum Capital Partners


12) Pepperfry
Furniture and home products marketplace Pepperfry secured $100 million (roughly Rs. 667 crores) in its Series D funding round led by Goldman Sachs Group and Zodius Technology Fund in July this year, which it plans to use to enhance its logistics and invest in its technology team, apart from adding new experience centres.
Founder(s):Ambareesh Murty, Ashish Shah
Headquarters: Mumbai
Website: www.pepperfry.com
Type of Business: Furniture marketplace
Funding in 2015($ Million): 100
Founded In: 2011
Investors: Bertelsmann, Norwest Venture Partners, Goldman Sachs, Zodius Capital


13) Saavn
Music streaming service Saavn closed a $100 million (roughly Rs. 635 crores) funding round led by Tiger Global Management in July this year. Saavn claimed a ten-fold increase in daily active users in India in September, and has recorded over 250 million streams a month.
(Also Read: Apple Music, Wynk, Gaana, Saavn, Rdio, Guvera, or Hungama: Which Is the Best Music Streaming Service in India?)
Founder(s): Rishi Malhotra, Vinodh V. Bhat, Paramdeep Singh
Headquarters: New York City
Website: www.saavn.com
Type of Business: Music streaming
Funding in 2015($ Million): 100
Founded In: 2007
Investors: Steadview Capital, India Internet Group, Tiger Global, Bertelsmann


14) Shopclues
Four year-old e-commerce marketplace Shopclues saw a $100 million funding round in January in its Series D in January. The company claims 50 million monthly visitors on its website, and targets tier-2 and tier-3 cities.
Founder(s): Sanjay Sethi, Radhika Aggarwal
Headquarters: Gurgaon
Website: www.shopclues.com
Type of Business: Online retail
Funding in 2015($ Million): 100
Founded In: 2011
Investors: Helion Venture Partners, Nexus Venture Partners, Tiger Global


15) Yepme
Yepme is an online private label fashion brand that targets customers in tier-2 and tier-3 towns, selling on other marketplaces, and also on its own site. The company offers apps on Android, iOS and Windows, apart for a mobile version of its website optimised for slow internet speeds.
Founder(s): Vivek Gaur, Anand Jadhav, Sandeep Sharma
Headquarters: Gurgaon
Website: www.yepme.com
Type of Business: Online fashion retail
Funding in 2015($ Million): 97
Founded In: 2010
Investors: Helion Venture Partners, Capricorn Investment Group, Khazanah Nasional Berhad


16) Delhivery
Gurgaon-based Delhivery is a logistics solutions provider for e-commerce companies owns and operates its own fulfillment centers, and is capable of fulfilling orders in a time-span of less than three hours. Its pan-India express delivery network is backed by in-house fulfillment and transportation management systems, customer analytics, geo-coding and route optimisation, and can enable delivery to customers within 12-48 hours.
Founder(s): Sahil Barua, Suraj Saharan, Mohit Tandon Bhavesh Manglani, Kapil Bharati
Headquarters: Gurgaon
Website: www.delhivery.com
Type of Business: E-commerce logistics provider
Funding in 2015($ Million): 85
Founded In: 2011
Investors: Times Internet, Nexus Venture Partners, Multiples Alternate Asset Management


17) Freecharge
Sequoia-backed FreeCharge offered recharge for prepaid mobile, postpaid bills, data cards, and DTH, when it was acquired by Snapdeal in April 2015. FreeCharge launched its own digital wallet for making transaction across FreeCharge and Snapdeal platforms in September 2015, and claims a user base of 10 million wallet users.
Founder(s): Kunal Shah, Alok Goel
Headquarters: Mumbai
Website: www.freecharge.in
Type of Business: Mobile wallet
Funding in 2015($ Million): 80
Founded In: 2010
Investors:Sequoia Capital, InnoVen Capital, Sofina, ru-Net Holdings, Tybourne Capital


18) Bankbazaar
BankBazaar is a consumer-focused online marketplace for financial products, offering comparison tools and instant quotes for choosing loans, credit cards, and insurance. The company claims to have served over 50,000 customers, and works with over 35 partners.
Founder(s): Adhil Shetty
Headquarters: Chennai
Website: www.bankbazaar.com
Type of Business: Online marketplace for loans and insurance
Funding in 2015($ Million): 60
Founded In: 2008
Investors: Sequoia Capital, Walden International, Fidelity Growth Partners India, Amazon India


19) Manthan Systems
Manthan offers businesses big data analytics platforms and applications to enable them to take guided decisions in real-time. The company serves 170 customers across 21 countries.
Founder(s): Atul Jalan
Headquarters: Bengaluru
Website: www.manthan.com
Type of Business: Retail analytics
Funding in 2015($ Million): 60
Founded In: 2004
Investors:Fidelity Investments, Norwest Venture Partners, ePlanet Capital, IDG Ventures India, Fidelity Growth Partners India, InnoVen Capital


20) Netmeds
Online pharma aggregator Netmeds.com raised $50 million (roughly Rs. 324 crores) in funding led by OrbiMed, a healthcare-dedicated investment firm in October. You can use Netmeds to get medicines delivered from your local pharmacies. Netmeds has apps on the App Store and Google Play, and delivers across India on a cash on delivery basis.
Founder(s): Pradeep Dadha
Headquarters: Chennai
Website: www.netmeds.com
Type of Business: Online Pharmacy
Funding in 2015($ Million): 50
Founded In: 2015
Investors:MAPE Advisory Group, OrbiMed Advisors


21) Antuit
Big data startup Antuit generates business insights out of all forms of relevant business data using advanced analytics and visualisation techniques. Headquartered in Singapore, a majority of the team is based out of Bengaluru, with offices in Seattle, Auckland, and New York.
Founder(s):Arijit Sengupta
Headquarters: Singapore
Website: www.antuit.com
Type of Business: Business Analytics
Funding in 2015($ Million): 56
Founded In: 2013
Investors: Zodius Capital, Goldman Sachs


22) HomeLane
Homelane offers interior design solutions for homes, with a tech based portal that offers 3D visualisation features. The website boasts of over 500 interior designers in six cities, and promises delivery of the designs you choose in six weeks, with a five year warranty on purchases.
Founder(s): Srikanth Iyer, Rama Harinath, Prabhu Venkatesh, Srini Battula
Headquarters: Bengaluru
Website: www.homelane.com
Type of Business: Online Furniture Design
Funding in 2015($ Million): 54.5*(unconfirmed)
Founded In: 2014
Investors:Sequoia Capital, Aarin Capital


23) Urban Ladder
Urban Ladder claims to be India's leading online furniture and home décor company, and aims to be a one stop shop for everything a user needs to make their home beautiful. The three-year-old startup has raised $77 million (roughly Rs. 513 crores) in funding from top tier venture capital firms and investors.
Founder(s):Ashish Goel, Rajiv Srivatsa
Headquarters: Bengaluru
Website: www.urbanladder.com
Type of Business: Furniture marketplace
Funding in 2015($ Million): 50
Founded In: 2012
Investors: Steadview Capital, SAIF Partners, Kalaari Capital, Sequoia Capital


24) BigBasket
Online grocery shopping startup Bigbasket claims to offer over 15,000 products for shopping on same-day delivery basis in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Delhi-NCR, Mysore, Madurai, and Coimbatore. The site accepts cash payments, debit and credit cards and sodexo on delivery.
Founder(s): Vipul Parekh, Abhinay Choudhari
Headquarters: Bengaluru
Website: www.bigbasket.com  
Type of Business: Online grocery retail
Funding in 2015($ Million): 50
Founded In: 2011
Investors: Helion Venture Partners, Zodius Capital, LionRock Capital (Hong Kong), Bessemer Venture Partners


25) CarDekho
CarDekho.com provides users car research, details on finance and insurance, and has tie-ups with car manufacturers, finance and insurance companies. The site facilitates the purchase of both new and old cars, searchable by budget and brand.
Founder(s): Amit Jain, Anurag Jain
Headquarters: Jaipur
Website: www.cardekho.com
Type of Business: Online automotive marketplace
Funding in 2015($ Million): 50
Founded In: 2008
Investors: Sequoia Capital, HDFC Bank, Tybourne Capital Management (HK) Limited, Hillhouse Capital

 

Ecommerce.....

Spencer’s Retail acquires ecommerce startup MeraGrocer

 

 

Hypermarket chain Spencer's Retail has acquired ecommerce startup meragrocer.com to foray into online sales, signalling consolidation in India's retail landscape and mirroring a trend in developed markets where vendors offer products through various channels. The gross merchandise value of MeraGrocer is about Rs 5 crore, which will be scaled up to Rs 500 crore over the next five years, said Shashwat Goenka, head (retail) at RP-Sanjiv Goenka Group

MeraGrocer, which started operations a year ago with 20 employees, has a presence in New Delhi and Gurgaon.

The venture was floated by three entrepreneurs with experience in retailing - Saurabh Chadha, Manoj Kumar and Dinesh Paul - who had been trying to raise funds over the past months. Almost half of the equity was owned by the promoters in MeraGrocer's holding company, Omnipresent Retail India, while the remainder was held by a group of investors.

Spencer's has acquired full ownership and will convert Omnipresent Retail India into a subsidiary. Goenka said the acquisition will also accelerate Spencer's breakeven, with losses already narrowing to Rs2 crore a month as of the July-September quarter from Rs9.5 crore a month five years ago.
Spencer's operates 122 stores over 15 lakh square feet and is opening 10 hypermarkets this financial year.

Ecommerce, which accounts for about 1% of the Indian grocery market, is growing rapidly with youngsters opting to buy fruits, vegetables, staples, home products and even fresh produce online. Organised retail itself is only 8% of the total market.

The grocery e-tailing segment is consolidating with store chains including Reliance Retail and Future Group venturing into this space and online entities such as Localbanya suspending operations due to paucity of funds.

Goenka said MeraGrocer will not offer any massive discounting and its deals will be similar to those available in local Spencer's stores. The company is also open to sell through online marketplaces such as Amazon and Flipkart, he said. "We don't expect it will cannibalize our store sales since consumers typically visit a hypermarket once a week and rest of the purchases through the week are done through local stores, which we want to tap through ecommerce."

Startup News.....

Action Plan on ‘Startup India’ to be unveiled on Jan 16

Seeking to boost entrepreneurship at the grassroots level, Prime Minister today said the Action Plan of the ‘Startup India, Stand Up India’ will be unveiled on January 16 and urged the states to help spread this campaign across the country’s nook and corner.

PM, who had made the announcement about the campaign in his last Independence Day address, said the programme will be designed to suit Indian conditions and focus would be on ensuring benefits for the youth from the lowest strata of the society.

“My dear young friends, in my August 15 address from the Red Fort, I had made preliminary mention about ‘Start-up India, Stand-up India’. After that, this spread to all the departments of the government.

“Can India be a ‘Startup Capital’? Can the youth in the states have the opportunities in the form of startups, with innovations, whether it be manufacturing, service sector or agriculture? In everything, there should be freshness, new ways, new thinking. The world cannot move ahead without innovation,” he said in his monthly ‘Mann ki Baat’ radio programme, the last one for this year.
He said the ‘Startup India, Stand Up India’ campaign has brought new opportunities for the youth.
“On January 16, the government of India will unveil the full Action Plan of Start-up India, Stand-up India… A structure will be presented before you. This programme will be connected to the country’s IITs, IIMs, central universities and NITs. Wherever there are youth, they will be linked through ‘live connectivity,” the Prime Minister said.

The programme is aimed at promoting bank financing for start-up ventures and offer incentives to boost entrepreneurship and job creation

Food Startups - Tough Time

Food Tech Startups May Face Tough Times Ahead...

 

 

Few months ago food-technology startups were played key role for investors and attracted millions of dollars in funding. They expanded rapidly and burnt cash in marketing and advertising as they chased customers and market share. And then they got more funding to do the same thing all over again.

Several food-tech startups are reeling under financial pressure to control costs and sustain investor interest; some are shutting shop, tweaking their businesses, pausing operations or reducing their staff count.

Since last year, 31 food-tech startups have raised seed or angel funding, according to startup data tracker Tracxn, but only five have been able to raise follow-on or series-A funding from institutional investors. This is forcing many of the other startups to reduce their cash burn rate as they re-assess their business models.


"This is just the beginning of the downturn cycle," said a Bengaluru-based venture capitalist, also requesting anonymity since his firm holds investments in these segments. "The food-tech model involves a lot of cash-burn and is very operations-intensive."

Here are some food startups in India.

• Zomato
• Foodpanda
• Swiggy
• Tinyowl
• Innerchef

Startup Failures

Reasons Why Start-ups Fail

 

 

As we all know that there is a rapid growth of start-up culture in India, The cities like Bangalore, Mumbai, Delhi, Hyderabad, Chennai, Pune are major start-up hubs. But unfortunately 80 percent of start-ups getting failed, In first 3 years and it’s a fact to be accepted. Below are some major reasons my blog came with.

•      Lack of Passion and Domain Expertise.

•      Having right stake holders if any.

•      Right Team.

•     User unfriendly Product

•      Poor Management.

•      Insufficient Capital.

•     Lack of Business Planning.

•     Poor Marketing.

•      Operational Inefficiencies i.e. too much spending.

•      No Mentors and Advisers.

•      Founder Unable to Take Proper Decisions.

•      Lack of Location Planning.

•      Disharmony with Investors.

•      Accounting.

•      Unaware of competitors and Market Conditions.

Innovative Startup

Checkout Innovative Startup Ultracash

                                         

                                                   www.ultracash.in 

Technology

UltraCash is based on patent-pending technology developed in India. It uses very high frequency and inaudible sound waves for data transfer between two mobile devices. As the technology uses the phone’s speaker and microphone, it works on all phones there is no need of any special hardware. In other words the technology makes NFC (near field communication) based payment possible from smart phones irrespective of the model and make.

 How It Works

• UltraCash is a next generation payment app using which you can pay at shops directly from your mobile phone using your Bank account or Credit Cards.
• You can do mobile/DTH recharge or do bill payments also directly from your Bank Account or Credit Card
• Currently, only ICICI bank account holders can pay using UltraCash
• Download UltraCash from the Play Store
• Open the app and put in your mobile number on which you downloaded UltraCash. This will verify your phone number.
• Configure your Bank account by giving last 6 digits of your bank account.
• ON visiting the shop, tell the shopkeeper you want to pay using UltraCash. Shopkeeper will put in the amount and keep the phone on.
• You need to login your app using secure PIN and then follow instructions – Click Initiate Payment. It would prompt you to Get OTP. Click on Get OTP.
• Once the application gets the OTP, it’ll show the page with Pay Now Option. Take your phone near merchant phone and click Pay Now. You will see the invoice on your Phone with amount. Click pay again to complete the payment. (Note getting OTP can take 10 – 30 seconds so you can request for OTP when you enter the shop) You can also Recharge Mobile, DTH or do Bill Payments (Recharge Section in app) after you configure your Bank account
• UltraCash gives you the freedom to pay merchants, on location, from your bank account using your mobile phone.
• No cash/card required to make payments
• Completely safe and secure transactions directly from one bank account to another
• No need to use credit/debit cards at time of purchase
• Speedy transfer in few seconds
• No internet connection needed to make payments
• UltraCash is the future of money transaction. 

 

FAQ'S 

How do I make payments with UltraCash?

• Open the app using the pass code you entered during installation. Get OTP by clicking ‘Generate OTP’ button. Keep your mobile ata six-inch distance from the merchant’s phone to receive the invoice. Verify bill particulars and tap ‘Pay’ to make the payment.
  
Will I be charged for using UltraCash?

• No. UltraCash is a completely free app.
  
Will I need the internet to run the app?

• Internet connection is required only during the set-up process. Internet connection is NOT required while making a payment
  
Why do I need an OTP?

• OTP is time-specific and sent exclusively to your phone from your bank. It is a security measure to authenticate a transaction from your bank. 

How many transactions can I make in a day?

• There is no limit on the number of transactions you can make in a day.
  
Will I need the internet to run the app?

• Internet connection is required only during the set-up process. Internet connection is NOT required while making a payment
  
Can I uninstall and install UltraCash again?

• Yes. You can install and uninstall UltraCash any number of times.Your account will be active after you configure UltraCash with proper credentials.
  
Can I use the app without a bank account?

• No. A bank account is essential to useUltraCash.If you are given UltraCash credits then you can use UltraCash credits to make a payment without adding your bank account.  

Do I have to inform my bank before using UltraCash?

• No. UltraCash works within a bank’s framework and does not do anything that is not permissible.
  
Can I pair UltraCash with any bank?

• You can pair UltraCash with any bank listed in the app’s ‘Manage Accounts’ menu.
  
How many bank accounts can I pair with the app?

• You can use any number of bank accounts with the app as long as they are linked with your phone number.
  
Is there a limit on transaction amounts?

• For security reasons, UltraCash has an upper limit of Rs 5,000 per transaction. 

How will I get refunds on returned goods?

• Respective merchants will provide refunds on returned goods. The money will be deposited in your bank account within three working days.
  
Do I get loyalty points for using UltraCash?

• Loyalty points for using UltraCash are awarded depending on active promotion plans.
  
What kind of phone do I need to use UltraCash?

• UltraCash works on any android smartphone. Support for Windows and iOS will be announced soon.
  
What do I do if I get a new mobile phone number?

• If you change your mobile phone number, UltraCash will detect an irregularity and prompt you to re-configure UltraCash. Your earlier account will be invalid.

Will UltraCash work if I change my mobile phone but use the same mobile number/ SIM card?

• In case you change your mobile phone, download the UltraCash app on the new device and complete the mobile verification process. Once you provide the secure pass code to authenticate yourself you will be able to use the app with your previous account.
  
Can I use UltraCash on multiple phones simultaneously?

• UltraCash will work only on the phone number that is linked with your bank account.
  
Will the app work if my phone is paired with a headset/Bluetooth device?

• At the moment of transaction, any headset/Bluetooth device should be unpaired/disconnected.
  
Is my personal data secure?

• Your personal data is never compromised with UltraCash. All transactions are encrypted. UltraCash strictly adheres to RBI mobile payment guidelines.

What do I do if I forget my password?

• Follow the ‘Forgot pass code’ steps.
  
Can someone else use UltraCash on my phone?

• UltraCashcan only be accessed with your pass code. Please do not share it with ANYONE.

   

 

Best & Top Startup Brands In India

Here are Some Best Startups in India That Inspired Young Entrepreneurs.

 

 

1. Zomato

Starting with information for over 1 million restaurants (and counting) globally, we're making dining smoother and more enjoyable with services like online ordering and table reservations. 

www.zomato.com

2. Flipkart

Forget crowded malls, endless maze-like parking lots and long lines. From clothes to mobiles phones, you can buy just about anything online. And when we say say online, we mean Flipkart.com, one of India's best online shopping destinations.

www.flipkart.com 

3. InMobi

InMobi enables consumers to discover amazing products through mobile advertising. Through Miip, a revolutionary discovery platform, developers, merchants & brands can engage mobile consumers globally. Recognized by MIT Technology Review as one of the 50 Most Disruptive Companies in the world, InMobi enables over 100 billion discovery sessions on mobile across a billion users every month, becoming the largest discovery platform in the world.

www.inmobi.com 

4. Paytm

Paytm is India’s largest mobile commerce platform. Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. We have over 100mn registered users. In a short span of time Paytm has scaled to more than 60 Million orders per month.Paytm is the consumer brand of India’s leading mobile internet company One97 Communications. One97 investors include Ant Financial (AliPay), SAIF Partners, Sapphire Venture and Silicon Valley Bank.We strive to maintain an open culture where everyone is a hands-on contributor and feels comfortable sharing ideas and opinions. Our team spends hours designing each new feature and obsesses about the smallest of details.Our approach is simple – to design something we’d LOVE to use ourselves. Therefore we listen and take the time to understand our users and take their reactions most seriously.  

www.paytm.com

5. Practo

This starts with helping them find the best doctors and culminates into a single intelligent healthcare account for the entire family that securely stores all their healthcare data so they can make better healthcare decisions. 

www.pratco.com 

6. BookMyShow

Book movie tickets, make advance bookings for movies, buy play tickets, event tickets and sport tickets. Watch movie videos and trailer, movie shows.

www.bookmyshow.com 

7. Ola

Ola is a young and energetic company based in Mumbai. Nothing excites us more than using technology to bring the same efficiency and customer experience to the car rental industry that you expect from flights!

www.olacabs.com 

8. Snapdeal

Snapdeal is an online marketplace, featuring a wide assortment of products across categories like Mobiles, Electronics, Fashion accessories, Apparel, Sports, Books; and services like Restaurants, Spas & Entertainment amongst others.

With over 18 million members, Snapdeal.com is the shopping destination for millions of internet users across the country.
Snapdeal features the Best Deals on products and services at unbeatable prices. We are a one-stop-shop website for the best stuff to do, see, eat, feel and buy in your city. Our company philosophy is very simple; we treat our customers the way we like to be treated. Snapdeal lets you buy products and services online from across the country. What more than shopping and gifting to your friends from Snapdeal.com? There it is, go bonkers!
www.snapdeal.com

9. Freshdesk

Freshdesk is a cloud-based customer support platform that was founded with the mission of enabling companies of all sizes to provide great customer service. Our goal is simple: make it easy for brands to talk to their customers and make it easy for users to get in touch with businesses.

www.freshdesk.com

10. RedBus

redBus – India’s number 1 bus ticketing platform, was founded in 2005 and is a part of ibiboGroup. We take pride in providing bus ticket fare with zero booking charges. You can now choose from 1500+ bus operators and 80,000 routes in India.  

www.redbus.in