NPCI is also looking to increase the limit of UPI transactions for other purposesIn India’s digital payments space, Unified Payments Interface (UPI) has already emerged as the most preferred payments mode.

In a notification, the National Payments Corporation of India (NPCI) has now doubled the limit for some UPI-led transactions from INR 1 Lakh to INR 2 Lakh.

Moreover, many platforms such as Paytm and PhonePe, which support UPI transactions, also facilitate financial services on their applications.

With the increase of transaction limit, more users will now be able to pay for these services via UPI.

Besides, these use-cases, the NPCI is also looking to increase the limit of UPI transactions for other purposes as well. | To read full story, visit https://startuparound.com/read/1583409605.9726338/NPCI-Doubles-Limit-For-Credit-Card,-Mutual-Fund-Payments-Via-UPI?ref=audio_experience

Artificial intelligence is a sophisticated technology distinguished by its unique ability to adapt behavior based on data specific to the system in which its operating.

By introducing AI into procurement practices, organizations can streamline more complex processes that would otherwise require manual efforts.

The introduction of artificial intelligence has the power to advance the procurement process in numerous ways specifically procurement contract management by way of spending analysis, vendor matching and risk identification.

Contract ManagementIncorporating artificial intelligence throughout the procurement cycle can also help companies manage and assess relationships with current suppliers to ensure the partnership is adding value to the organization.

And as the market grows, so will AI’s role in procurement contract management as analyzing data won’t be the only way it contributes to contract discussions. | To read full story, visit https://startuparound.com/read/1583407820.126026/How-Artificial-Intelligence-Is-Advancing-The-Procurement-Process?ref=audio_experience

Welcome to a new podcast on NextBigWhat Radio!

In this episode we’re featuring Kunal Shah, founder of CRED and co-founder @ Freecharge, in a candid conversation with Ashish Sinha at UnPluggd 2019.

“Fail fast is a nonsense advice for founders.

Instead, you could’ve researched and planned better – and ‘planned better’, in my view, is understanding the core human motivations for your product or service.”Get NextBigWhat Podcast: We bring you actionable perspectives.

Search for ‘NextBigWhat’ in your fav podcast app and we will meet you there! | To read full story, visit https://startuparound.com/read/1583406005.6290176/Fail-fast-is-a-nonsense-advice-for-founders:-Kunal-Shah?ref=audio_experience

NEW DELHI: London-based data science startup Gyana on Thursday said it has raised $3.9 million (about Rs 28.5 crore) in pre-series A round of funding led by Fuel Adventures, Twitter co-founder Biz Stone Green Shores Capital and U+I.Gyana plans to use the latest round of funding to support growing its product user base, while aiding expansion across Europe and India soon, a statement said.The company's AI tool is being used by industries ranging from property to retail and consulting.

Its clients include Vodafone EY , Pret a Manger, Knight Frank and the UK Ministry of Defence "We see no-code in a similar light to the use of translation services for languages.

Not everyone on the planet is suited to being a developer, and even though newer generations are becoming more computer literate, we think there will still be a limited pool of professional high-level developers,"Joyeeta Das, co-founder of Gyana, said.She added that as businesses become increasingly tech-heavy, there is a growing need for no-code platforms to take the burden off of developer teams.

"We are also considering entering the Indian market soon as we see a huge market there," she added. | To read full story, visit https://startuparound.com/read/1583404213.9798698/Gyana-raises-$3.9-mn-funding-from-Twitter-co-founder-Biz-Stone,-others?ref=audio_experience

Named after Johanna Borski (a female banker, investor and entrepreneurship role model), the Borski Fund is a €50 million Dutch investment firm focused on investing in women-led startups.

In November 2019, Borski Fund raised its first €21 million with the participation of three leading Dutch banks – ABN Amro, ING and Rabobank and 22 exit-entrepreneurs.

We talked to Simone Brummelhuis, the founder of The Next Women, and initiator and current Partner at Borski Fund, about her experience at Borski Fund – from sourcing, selecting, and supporting its portfolio companies.

What sets Borski Fund apart from other venture capital fund’s?

I do get a bit restless and want to see government and pension funds participating in women founders and women-led funds alongside other funds. | To read full story, visit https://startuparound.com/read/1583402406.8662717/“To-tackle-the-investment-diversity-gap,-we-have-to-put-weight-behind-it”:-Interview-with-Borski-Fund’s-partner,-Simone?ref=audio_experience

As leaders, risk-takers and supporters of the startup ecosystem, Chiratae Ventures has been exploring unchartered terrains since 2006.

Over the years, funds advised by Chiratae Ventures have invested in 80+ companies across consumer media and tech, cloud/software, healthtech and fintech sectors, out of which 25 percent have gone global.

Chiratae Ventures is looking to identify and support entrepreneurs who are motivated to bring about a sustained positive impact by leveraging deep technology.

On the path to enable DeepTech entrepreneursAs part of the objective towards enabling DeepTech startups, Chiratae Ventures has launched the DeepTech Huddle Programme, a two-day immersive event to provide startups in the DeepTech space access to an ecosystem of experts and successful entrepreneurs.

Speaking about the launch, Sudhir Sethi, Chairman and Founder of Chiratae Ventures, said, “As investors, we need to reinvent in order to steer India into its next growth phase. | To read full story, visit https://startuparound.com/read/1583400605.623133/Chiratae-Ventures-announces-two-day-HUDDLE-to-help-DeepTech-startups-scale-up?ref=audio_experience

More and more companies are opting to allow employees to work from homeAs the coronavirus epidemic continues to impact businesses around the world, ride-hailing giant Uber has said it is expecting some slowdown in the mobility business.

Uber chief Dara Khosrowshahi reportedly said that the ride-hailing business will be impacted as people stop leaving their homes and opt to work from home due to the coronavirus outbreak.

As a result, the company has asked all its employees to work from home until the offices are sanitised.

From global tech giants like Microsoft, Google, Twitter etc to Indian businesses like Zoho, GOQii etc are opting to let employees work from home due to the outbreak.

Further, OTA platform MakeMyTrip also said that it has seen a slowdown in outbound travel bookings since the outbreak. | To read full story, visit https://startuparound.com/read/1583398806.687142/Uber-Expects-Ride-Hailing-Slowdown-As-‘Work-From-Home’-Becomes-Norm?ref=audio_experience

And the furniture rental market is a primary example.

With plenty of competition in the market, success in the furniture rental game depends a lot on the business model and revenue generation.

Simply put, furniture rental startups earn money through the monthly or periodic rent paid by customers to rent furniture ranging from tables, chairs, beds, and sofas.

But in an era where investors and companies are vouching for asset-light business models for sustainability, the capital intensive and asset-heavy nature of a furniture rental business sticks out like a sore thumb.

As the cost of customer acquisition is quite high, the subscription or recurring revenue business model makes sense for furniture rental startups. | To read full story, visit https://startuparound.com/read/1583397005.678904/The-Math-Behind-Furniture-Rental:-The-Startups-And-Their-Business-Models?ref=audio_experience

the government is reportedly thinking of coming to the industry’s rescue by airlifting parts for fuel-run and electric vehicles (EV).

For this, the ministry has reportedly consulted industry body Society of Indian Automobile Manufacturers.

A source close to the matter told Mint that the Indian automobile industry, including EV industry, will have to shut down its assembly lines if the components continue to be limited.

The automobile industry, across the world, has taken a hit due to the closure of factories in China amidst the coronavirus outbreak.

We have some concerns if the supply does not restart next week.”The Indian automobile sector is not the only one facing a shortage of components. | To read full story, visit https://startuparound.com/read/1583395307.5762832/Will-Airlifting-EV,-Automobile-Components-From-China-Revive-Slowdown??ref=audio_experience

Note: This post focuses on the terms in SAFEs and convertible notes in “convertible rounds.” To learn about equity rounds, see our post on Series A fundraising and our guide on term sheet negotiations.

Convertible instruments: SAFEs and convertible notesSAFEs and convertible notes are both types of convertible instruments sold by companies to raise money in a convertible round before they have raised any equity financing, or as a bridge round in between equity financings.

Because SAFEs evolved from convertible notes, some terms are found only in convertible notes, some are found only in SAFEs, and many terms are still shared.

Conversion into preferred stock, shadow preferred stock, or preferred and common stockEver wonder why there are so many numbered series of Preferred Stock on a company’s cap table, like Series A-1 Preferred Stock, Series A-2, Series A-3, Series A-4, and so on?

Convertible note termsSome terms are found in convertible notes but not SAFEs:Interest & maturity dateAs debt instruments, convertible notes bear interest and have a maturity date. | To read full story, visit https://startuparound.com/read/1583393414.8920166/Understanding-the-Terms-in-SAFEs-and-Convertible-Notes?ref=audio_experience