With seven-plus years of experience in logistics, he currently leads operations at ITL.

Communicating with customers on shipment delivery confirmation, delivery schedule, and urgent delivery was difficult.

They started using WhatsApp Business API Version 2.21.X and realised that it was 10 times more effective than automated calls.

Using effective communication, we have been able to reduce up to 6-8 percent returns of the shipment,” Zaiba says.

Using WhatsApp, they have been able to grow their revenue at least 50x as compared to other communication tools. | To read full story, visit https://startuparound.com/read/1581294606.5793426/How-this-logistics-tech-startup-is-using-WhatsApp-to-increase-efficiency-and-revenue?ref=audio_experience

Investors and startups alike are now beginning to rethink the growth-at-all-costs mantra and are keen to turn a profit.

There is no point in building a business if profitability and revenue generation are not part of it early on,” Vivekananda says.

He feels that while startups will focus on growth, the capital needed to fulfil it will be high.

The team is also working to double revenue growth, as per its RoC filings.

A focus on profitability and a healthy path towards revenue ensures that the millions investors have invested in startups bring them their desired returns. | To read full story, visit https://startuparound.com/read/1581292805.9316232/Why-Indian-startups-are-rethinking-the-erstwhile-growth-at-any-cost-mantra-and-eyeing-profitability?ref=audio_experience

In the earlier 440 posts, we featured an art festival, cartoon gallery, world music festival, telecom expo, millets fair, climate change expo, wildlife conference, startup festival, Diwali rangoli, and jazz festival.

It provides inspiration and validation to their creative journeys,” explains festival coordinator Nicole Mody, in a chat with YourStory.

While there is a representation of art from across the country and overseas, the bulk of the festival features the creative communities of Mumbai, Nicole adds.

A number of art and design institutes have partnered with the festival, such as Pearl Academy and JJ School of Art.

The festival is free for all attendees, and this year’s crowdfunding truly makes it a festival by and for the people. | To read full story, visit https://startuparound.com/read/1581291852.7118795/People-power:-how-Mumbai’s-largest-art-festival-is-supported-by-crowdfunding?ref=audio_experience

Companies in the startup world are known today not so much about what they do, but more about how much capital they have raised.

Very few startups are able to build a product, get customers and deliver value without access to capital.

Thus, for most such startups, raising money is the only way to build their business before they reach sustainable operations.

For such founders there is no alternative to funding.First time entrepreneurs , who may not have a track record, are less likely to obtain external funding.

Bootstrapping is the way for such founders who can create a Minimum Viable Product (MVP) with little capital from savings or their friends and Family (F&F). | To read full story, visit https://startuparound.com/read/1581290045.0400288/Founders’-dilemma--Bootstrap-or-date-angels?ref=audio_experience

The hacker group, which goes by the name OurMine, hacked the official account of Facebook on Twitter and Instagram.

Besides Facebook’s Twitter handle, OurMine also hacked into Facebook and its messaging service Messenger’s Instagram handle.

Here, the hacker group posted its logo on Facebook’s Instagram handle.

The hacker group tweeted saying that Zuckerberg was listed in the LinkedIn database with password “dadada”.

The hacker group tweeted out a link to its website, along with a message that it was testing Twitter’s security. | To read full story, visit https://startuparound.com/read/1581288022.076014/Facebook’s-Twitter,-Instagram-Handles-Hacked?ref=audio_experience

Along with Chaturvedi, Sabeena Shaji A, Federal Bank deputy vice president was part of the panel with SR Nair, Mentor Guru founder as the curator.

“They have to be absolutely perfect for people to believe in them,” said Chaturvedi, about how investors and market partners look at businesses run by women.

“Most women start businesses which are solving the problems that are here and now.” There are many MSMEs in India and women run a substantial number of these, explained Chaturvedi.

Is the lack of financial support from the financial institutions hampering gender inclusion and contribution in the economy?

And when it comes to collateral security, the traditional land ownership laws, personal laws don’t have many women owning land property as collateral. | To read full story, visit https://startuparound.com/read/1581286131.0747721/Women-Leaders-Urge-Investors,-Government-To-Focus-On-Inclusion?ref=audio_experience

The Indian unit of Italian motor vehicle manufacturer Piaggio is planning to launch a special electric scooter for the Indian market soon.

The scooter will be a specialised version of its electric scooter, Vespa Elettrica, which was unveiled at the ongoing Auto Expo 2020.

We are exploring multiple platforms for designing electric mobility solutions for India,” said Piaggio India CEO and managing director, Diego Graffi.

The Indian electric two-wheeler market is booming with new launches.

These include Ather Energy, Ampere Vehicles, TVS Motors, Benling India, Tork Motors, Tronx Motors and Bajaj Autos, among others. | To read full story, visit https://startuparound.com/read/1581284327.8009257/Piaggio-Plans-To-Enter-Indian-E-Scooter-Market-Soon?ref=audio_experience

The plant will help the company to recycle and recover metals such as lithium, cobalt, nickel, and manganese used in lithium-ion batteries.

“We are planning to establish a lithium-ion battery recycling centre in future.

We are also looking to expand production capacity and localise lithium-ion battery parts in India,” Takeuchi was quoted as saying.

In this JV — Automotive Electronics Power, Suzuki is leading the partnership and the investment is divided in the proportion of 50:40:10 between Suzuki, Toshiba and Denso.

Moreover, it has been speculated the companies are likely to invest between INR 30K Cr to INR 50K Cr in phases over eight years. | To read full story, visit https://startuparound.com/read/1581282529.7588634/Suzuki-Led-Joint-Venture-To-Recycle-EV-Batteries-In-India?ref=audio_experience

This is a great idea from Scott Page’s the Model Thinker that I find I quote a lot when discussing competitive strategy.

Their shooting attempts per game is third in the league at 91.5 field goals per game.

The combination of top decile shooting and near-top decile shots per game produces the best points per game of 119.

You must change the game to focus on three point shooting or set plays or some other aspect where you can create a relative advantage.

And the teams with the best shooting records and most attempts per game may not win the championship. | To read full story, visit https://startuparound.com/read/1581280207.4019454/When-You-Have-an-Advantage,-Speed-Up-the-Game?ref=audio_experience

Scape Technologies, the London-based computer vision startup working on location accuracy beyond the capabilities of GPS, has been acquired by Facebook, according to a regulatory filing.

Further filings show that Scape’s previous venture capital representatives have resigned from the Scape board and are replaced by two Facebook executives.

Founded in 2017, Scape Technologies was developing a “Visual Positioning Service” based on computer vision which lets developers build apps that require location accuracy far beyond the capabilities of GPS alone.

Scape CEO and co-founder Edward Miller previously described Scape’s “Vision Engine” as a large-scale mapping pipeline that creates 3D maps from ordinary images and video.

The Visual Positioning Service was made available to select developers via Scape’s SDK. | To read full story, visit https://startuparound.com/read/1581278836.5611563/Facebook-has-acquired-Scape-Technologies,-the-London-based-computer-vision-startup-–-TechCrunch?ref=audio_experience