Today, RBI took another incremental step in defining Mobile Payments in India. The bank has published draft guidelines for Mobile Payments – “Mobile Payments in India – Operative Guidelines for Banks†. It’s encouraging that steps are taken in recognizing the industry and putting standards around it. However; it seems like a cautious approach. My […]
TiE Canaan Entrepreneurial Challenge – Final Nominations
Hi All, It’s my pleasure to introduce this community to final eight entries of TiE Canaan Entrepreneurial Challenge 2008 Name Category 11rupees.com Internet – Financial Services Good Morning Research KPO – Financial Services Druvaa Software Software Ginni Systems Limited Software iKen Solutions Pvt Ltd Software Infogile Technologies Mobile Rx Healthcaremagic Pvt. Ltd Internet – HealthCare […]
Q1 2008 | India VC Deals
VentureSource has published a news article on VC activity in India for the period Jan – Mar 2007 “Venture capital firms invested $98.9 million in 16 Indian companies in the first quarter, a fraction of the year-ago period but about steady with the quarterly pace of 2007, according to data released today by VentureSource. It’s […]
TiE Canaan Challenge | Deadline Extension
Hi – Last date for submitting entries for TiE Canaan Challenge has been extended to 25th May. We are seeing a good response. Also, CNBC TV18 has been roped in to feature the Winners and the working of Challenge in three series. Regards, Mukul 0
TiE Canaan Challenge | Funding and Cash Award
Since we have announced the launch of TiE Canaan second edition; I have received multiple queries on: Why no cash awards? and Why no funding for winners? Funding issue is more loud and clear. I thought to share what we thought while deciding for awards: 1.) We should understand that a platform as open as […]
Awards & Benefits | TiE Canaan Challenge
When we conceptualized this program; we started with the view that we should design awards, which can help companies to grow and achieve their next milestones. It can be funding, opening doors to customers, channel development, skill development in various functions and mentoring. This year awards are an effort in that direction. 1. Microsoft Award: […]
Launch of TIE-Canaan Entrepreneurial Challenge 2008
Hi All, I am happy to announce launch of second edition of TIE-Canaan Entrepreneurial Challenge. To refresh memories: In 2006, we invited entrepreneurs (starts ups and early stage companies) to showcase their ventures, short listed 11 businesses and did a final presentation round in front of an expert jury. In the whole process, 11 businesses […]
Love To Meet Entrepreneurs in Pune
I am in Pune on Friday and Saturday – would love to connect with entrepreneurs or teams starting out. I intent to attend Pune – Opencoffee Club Meetup II on Friday evening. I would also like to meet startups on Saturday if possible. Shoot me a mail at msinghal@canaan.com if you wish to connect on […]
P2P Lending – further thoughts
Couple of days back; I posted about P2P lending and its India Feasibility – got mixed reponse from readers. I thought to bounce some more facts/findings from Deutsche Bank Research Report. Interesting to note: 1.) Less default rate for borrowers who are member of some group (remember SHG of Indian MFI industry) 2.) At present; […]
Review of Payment Systems by RBI
Reserve Bank of India has published Annual Review (FY 2007) of Payment and Settlement Systems. It’s encouraging to read that RBI is taking some concrete steps to increase the penetration of electronic payments. I specially found Chapter 2 and 4 of this report interesting. Some interesting observations: Electronic Bill Payment ( for utilities ) has […]
Peer to Peer Lending – India feasibility?
At Canaan US, we have invested in a peer to peer lending company – Lending Club. The company launched itself on Facebook and in last three months, it has facilitated $1 million in loans. The value proposition is for people taking unsecured personal loans of smaller amounts (~ $5000) and also for lenders getting higher […]
Consumer Push on Mobile
Mint published an article (contributed by WSJ) Why Microsoft, RIM Fight Is Entering the Consumer Market “Already, Apple Inc.’s iPhone for consumers is forcing handset makers to rethink their own hardware designs. Meanwhile, Google Inc. is expected to jump into the mobile-phone market, hoping to court consumers by delivering software to handset makers and phone […]