Startups

How to get Funding for your Startup Company?

Published

7 years ago

July 6, 2016

The Funding is the lifeline for the startups to be pitched against the established businesses of the same nature . The Entrepreneurs with great Startups Business Ideas become disappointed when the struggle to get funding for their small business . They had their business plan ready but the budget become their only problem to do their homework and prepare the things before the official launch.

There are are several Venture Capital firms who invest in Ideas but sometimes it is very difficult to find any when your idea does not win their interest . The investors are very cautious about the funds and enagage business consultants or advisers to have Expert Option about the Sustainbility of the Idea Business and Future Prospects . Several Entrepreneurs specially young give up their idea and hopes when they face failure to attract investors or venture capital firms . The bank loans for starting a business , leasing and Outsourcing .

Nowadays , crowd funding Possibility has also helped hundreds of the Entrepreneurs if the budget is between 5000 to 10000 US Dollars . If the required funding exceeds the limit of 10000 Plus US Dollars then entrepreneurs face difficulty in finding the funding for Ideas to work . Every business starts with ideas and ideas become the Businesses when they come in black and white or practical shape . There are several venture Capital firms globally but all the venture capitals have limitations . You can get funding E-Business or technology related Ideas but struggle to attract investors for offline business . The Entrepreneurs having own source of income launch their Startups earlier than those seeking funding from Crowd funders or venture backing . Sometimes it is also called seed funding for the Startups .

Here is the list of Startups funding and Investor sites which have been instrumental in funing small and Big Startups in their Ideal success.

1.Brandery.org : (USA) The brandery is the great site for bridging the gap between the investors and the Entrepreneurs , It has the great platform to connect the investors and the Entrepreneurs through their powerful Marketplace . The Brandery is the seed stage startup accelerator . It imparts trainings , provide consultancy services for investors and entrepreneurs . so far they have raised 44,335,000 US Dollars ,have 35 brandery Companies .

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Brandery selects 10 startups companies for their seed funding program and each startup will receive $20,000 in seed funding, they will also pitch the investors and venture capitalists at the end of the program to support the Startup businesses . The Brandery is backed by OneFund Ohio .

2.Unituslabs.org : Unitus Seed Funding is India’s Biggest Seed Funding Provider . They have the biggest portfolio startups companies in India . The most important thing is that Unitus Seed stage funding is specially for Low Income startups. Unitus seed funding helps in accelerating the growth of Startups businesses by providing them the funding, support, connections, Trainings . They also support the companies in raising growth capital. The Sectors of their seed funding include : Education , Healthcare , Agriculture ,livelihoods, Tech for Development and Necessities . The Investment range from INR 25-75 lakhs (USD$50,000 to $150,000) with the potential for additional investment capital .

3.GogetFunding.com: Gogefunding also the best platform to start your project and Seek funding . They have massive number of Investors who can invest in the Startups to get it pitched .GetFunding is the great source fort fund raisers and Supporters for the startup Companies to help launch or run the startup companies .

4.CrowfundPakistan.com : The Crowd fund Pakistan is the new but biggest platform for the Pakistani Idea makers to make their dream true by starting their Project and seed crowd funding for your Project . Orther Notable crowd funding websites include : https://www.kickstarter.com/ ,https://www.indiegogo.com/ . These crowd funding website help the small Business companies to get funding and pitch their startups .

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Digital

Karachi-based digital bookkeeping startup, CreditBook raises $1.5 million in seed funding

Published

3 years ago

May 6, 2021

Press Release

The Karachi-based digital bookkeeping startup CreditBook, which is trying to ensure that tracking of transactions goes digital, has announced that it has raised US$1.5 million in seed funding from international and local investors.

Key investors included Pakistan’s BitRate Venture Capital, VentureSouq from the United Arab Emirates, US-based Better Tomorrow Ventures, Ratio Ventures, Quiet Capital, Toy Ventures, and i2i Ventures.

Established in June 2020 by Hasib Malik, Iman Jamall, and Hisham Adamjee, CreditBook strives to help microentrepreneurs digitalize and track their transactions.

CreditBook aims to utilize the funding to scale its user base and diversify its product offerings. As indicated by the startup, its registered client base grew 5x in the last six months to reach 500,000.

“Before the launch in June 2020, we had planned to use a mix of digital marketing and offline acquisition. But with lockdown restrictions, we pivoted to a purely digital strategy. We were surprised when we saw thousands of users come onto the platform in the first month with less than $1,000 in total spend,” Malik told Tech in Asia. Via TechinAsia

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China

TIKTOK’s global growth and expansion : a bubble or reality ?

Published

3 years ago

May 4, 2021

Abdul Rahman

Social media has offered amazing tools and apps that have revolutionized the lifestyle of people. Social networks always keep you connected with your friends, colleagues and family. Some creative apps have become very popular in recent times especially among the enthusiastic youth who create funny clips with the help of TikTok.

Tiktok is the greatest platform for creating short mobile videos. These videos contribute to inspire creativity and bring smiles on the faces of people even amid pandemic and lockdowns. The app has become very popular even in Pandemic and as some of the best informative and educational content went Viral.

Tiktok is the subsidiary of Grand Tech Startup Byetdance -a leading Chinese Startup with mushrooming growth. TikTok has always been expanding its reach worldwide due to its aggressive expansion programs. At present, Tiktok has offices in Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo.

Tiktok was founded in 2012 by Zhang Yiming. Video sharing is the most popular segment among youth and the company has tapped tremendous growth. The Company is also called douyin in China but its global version is called Tiktok. The continual growth empowered it to acquire its American rival app musical.ly. The Company has expanded its outreach globally.

Table of Contents

New Dimensions i.e. Online Education

The covid-19 has affected the Education badly throughout the world and the online digital education has been getting ground. Most of the Schools, Colleges, Universities, Coaching centres and Academies have anchored to Online Education such as live lectures, quizzes, Presentations and Webinars. Tiktok has announced to enter the online Education in India as some of the content uploaded on Tiktok related to Education and learning has become viral earning millions of views and generating great revenue prompting Tiktok to enter the world of Education.

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Tiktok has already interacted with content creators and firms in India to Provide innovative Learning material as all the educational institutions are closed for an indefinite period and Tiktok finds it the perfect time to enter the world of Education.

According to statistics that social Media app used by more than 200 million users every month in India and Tiktok will cover the range of Science and Math related topics to help students learn from this service.

It has partnered with tech startups Vedanta, Toppr, Made Easy and Gradeup that will produce educational content for TikTok. It is also collaborating with social enterprises Josh Talks and the Nudge Foundation to mentor 5,000 people across India.

Continuing Growth amid Pandemic

According to reports of Forbes and Bloomberg, Byetdance surpasses Uber growth as it has become the top Startup with value at $78 Billion. Byetdance is the parent company of Tiktok that runs various services. Byetdance has made London as its strong base owing to trade war of the US with China in the aftermath of the Wuhan covid-19 outbreak. Trump Administration has imposed limitations on Chinese companies to pressurize China to accept US’ demands. Byetdance has attracted many professionals from Google, Yahoo, Microsoft and Apple to establish a strong hub at London to expand its outreach in Europe.

Hiring than Firing amid Pandemic: A big surprise

It is really surprising that when the biggest companies and Franchises are constantly laying off their employees owing to prolonged lockdowns due to Covid-19, The Parent company of Tiktok, the Byetdance has gone on a hiring spree and plans to recruit 10000 professionals in engineering, software and marketing fields that has stunned the world as even tech giants Google, Yahoo, Microsoft have laid off their staff and closed their offices over the covid-19 outbreak advising their employees to work from home.

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“Hiring spree on the part of Byetdance amid pandemic is a pleasant surprise for the entrepreneurs, Tech giants and Experts globally. “

Increasing Visibility of Byetdance Globally

With the ambitious journey of growth and reaping the enormous benefits, the company has no more remained a secret for the world as its subsidiary Tiktok has broken all the records of usability and popularity exploring new frontiers with successful footprint. The recent leap of Tiktok to launch its Education initiative in India will further its grip in the Asian markets.

Will the bubble burst or Sustain Market Shocks?

The Byetdance has established footprints in Asia and Europe building strong basis and marketing its services, it is estimated that it can sustain the jolts of pandemic and will retain its position as some reports regarding bubble reputation will fade away forever as the popularity graph of the company maintains upward trend and keeps going.

The majority of the world population is youth so if Tiktok focuses on youth-related interests by adopting AI practices, it has already achieved the milestone.

The Tech experts argue that TikTok has foreseen opportunity amid pandemic when the entire markets have crashed, Offices, Business, schools, colleges have been closed and stock markets crashed, even in such circumstances, if a company keeps hiring that means it established its strong bases so the bubble is not going to burst likely in post-Covid-19 World provided that it adheres to its policies of customer retention, market intelligence and the most important Artificial intelligence to explore the interests of users and offering more relevant content.

Besides profits, Tiktok pledged a huge amount for Vaccine development for Africa under its Tiktok for Good endeavours.

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Digital

Pakistan Moves Closer to Train One Million Youth with Digital Skills

Published

3 years ago

February 8, 2021

Press Release

Enabling people to bring at least an additional US$1 billion each year into the Pakistani economy through E-Commerce skills by 2025.

Pakistan Moves Closer to Train One Million Youth with 100+ eCommerce and Digital Skills

Karachi, Pakistan, February 05, 2021 ………Pakistan has a large labour force that stands among the top 10 largest labour forces in the world, and it’s growing day by day. To create adequate employment opportunities for them is a huge challenge. On the other hand, employers frequently keep saying that they are unable to find workers with the appropriate skills necessary for their businesses. This obviously shows that there is a mismatch between the demand and supply of skills.

The International Labor Organization (ILO) has shown that skills development can play a major role in the alleviation of poverty, when carefully planned and implemented in the context of the available and emerging employment and income-generation opportunities. This multiplies many folds when the skills are acquired in the digital spheres. It not only widens the work opportunities but also opens up avenues for entrepreneurial ventures as well.

Extreme Commerce, Pakistan’s largest and renowned E-Commerce capacity building platform has excelled in its mission of making Pakistan a hub of entrepreneurial opportunities. Under the guidance of Sunny Ali, thousands of aspiring individuals from Pakistan have successfully initiated global e-commerce businesses.

Extreme Commerce, Pakistan’s largest e-commerce skill development and the entrepreneurial platform has achieved yet another milestone with the expansion of 100+ skills training courses through the “Video Boot Camp (VBC).” The Video Boot Camp includes virtual sessions and videos encompassing around 100 essential e-commerce and digital skills required to excel in the spheres of online businesses. The Video Boot Camp training program is specifically tailored to facilitate the budding entrepreneurs and businessmen and freelancers.

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According to Ali, “E-commerce has skyrocketed after the pandemic and is estimated to grow to a whopping $4.3 trillion within this year.” He further adds, “There is a huge potential for growth in eCommerce both domestic and international, and that is why Extreme Commerce has pledged to enable people to bring at least an additional $1 billion each year into the Pakistani economy through E-Commerce skills by 2025.”

The Video Boot Camp includes over a 100 plus income generating E-Commerce skills (income streams) which an entrepreneur needs to skyrocket their businesses. Some skills offered through the VBC include: Selling through Fulfillment by Amazon (FBA) model, Virtual Assistant and FBA Freelancing, online store management of international and local E-Commerce marketplaces, bookkeeping account management services, digital and social media marketing, content writing and graphic designing, 3D designing & modelling, data science and analytics and more.

This initiative of Extreme Commerce will be immensely fruitful in helping their trainees become leading entrepreneurs of the country. Ali, contented with his vision states, “At Extreme Commerce, we offer a multitude of digital skills that are categorized into 100+ courses/income streams under the umbrella of Video Boot Camp (VBC 2021). These skills are pivotal to reducing unemployment and enhancing the capital of our country.” Sharing his focus and goals, he adds, “Skills that actually help you succeed as an online freelancer and even in the real-life environment plus increase your income thereby, are our prime focus right now.”

Earlier, Extreme Commerce and Mishal Pakistan, the Country Partner Institute of the World Economic Forum had signed a partnership to mainstream e-commerce in Pakistan, this includes capacity building initiatives for the media and industry players, including trainings, seminars and workshops.

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The government of Pakistan has estimated digital skills global industry, often referred to as online outsourcing, is expected to generate gross service revenue between $15 billion and $25 billion in 2021.

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