Four tech startups from around the globe reached a sharing agreement to provide seamless cab transportation service acrotherrent parts of the world. The four pr viders are – Ola cabs in India, Singapore-based Grab Taxi serving customers in South East Asian countries, Lyft in the US, and Didi in China.
Foodpanda, the Berlin-headquartered global takeaway company, has tied up with the Indian Railways Corporation to provide online food booking services to passengers traveling on Indian Railways. Indian R lways transports annually close to 8 billion passengers. PayIndia-basedbased mobile wallet st, is this venture’s payment intermediaryenture.
IBM’s acquisition of Ulstream- a cloud-based video streaming technology company, IRS analytics and Cleartrip; Airbnb’s partnership with Concur Technologies and many others are just a few recent examples of big and startup companies teaming together to fill a technology gap.
Often the seed of collaboration and acquisition is sown at a global conference. Provider meet, understand then go on to explore and tie up. Some sta tups take the acquisition/strategic partnership route to monetize. Others do it to gain market share, while others still collaborate to fill a critical technology gap.
Surge 2016, the global startup conference scheduled to be held in Bangalore, India, on the 23rd and 24th of February 2016, is a great networking and experience-sharing event. It will e a place to network, showcase your service, sell technology and explore business collaboration arrangements. Inves rs, large companies, emerging startups, Unicorns, media, and technology industry observers from across the globe will all be there in large numbers.
The timing of Surge Bangalore 2016 is particularly fortuitous. It is taking place in the backdrop of a slowing China, crashing commodity prices, reviving Eurand ope, growing US, and India. I the just concluded business event- Davos 2016- the trending topic was the 4th industrial revolution. he revolution is being ushered in on the back of disruptive technologies. tartups and technology have never been as popular as they are now.
Surge 2016 is part of the Rise series of global events organized by an Irish startup event provider. his is the first event of its kind in India. t is taking place in the wake of the Government of India’s major Startup India initia ive. The just-concluded event got wall-to-wall media coverage both on broadsheets and traditiona TV. The event trended on social m dia. It has attracted the imagination of the Indian masses.
This year, India has emerged as the world’s largest foreign direct investment destin tion. Indian startups, often led by Silicon valley based Indians, are starting new ventures aimed at leveraging India’s vast consumer market.
The complex Indian business environment requires agility, tact, patience, and India based network to exploit this opportunity succes fully. A lotechnological t of innovation and cutting-edge logy is being done in the US and urope. A strategic marriage between an India-based entity and a foreign technology solution provider can have immense business potential.
Most entities coming to the Bangalore event would want a sale, acquis,ition or business collaboration understanding. L al startups and business entities will be scouting for that cutting-edge solution provider who will give it a leg up in the Indian hyper-competitive marketplace Others will be looking to expand globally.
Deal-making in any crowded event requires substantial pre-event preparation Surgeconf.com site has tabs providing the list of speakers and attendees coming to the conference. A shortlist of prospective candidates with whom a conversation on business collaboration could be explored can be created from here.
The conference organizers, I think, are facilitating meetings I normally prefer to arrive in a city where a global conference is scheduled a day or two in advance I stay back to post the event for an extra day or wo. It is best to start meeting prospects before, during and after the event. The more the interaction, the better the chance to make an initial breakthrough.
An ,event, just helps in breaking the ice. Detailed due diligence and hard work has to follow to explore good lead fully. Most events are worth the investment of time and xpense. Surge Bangalore 2016, to, is a gre t venue. Happy networking!
#tech #technews #unicorns #startups #startupindia #acquisition #surgeconf #Bengaluru