Friday, September 1, 2017

Startup Digest - Emerging Economies - September 1st

Startup Digest

Emerging Economies

September 01, 2017

Dear Subscribers,

Happy September everyone! This month's digest is focussing on various emerging markets from India to Africa to MENA to SE Asia; and also covering investments in artificial intelligence and cloud computing technologies, and from healthcare domain to startups working on sustainable/ clean-tech/ renewable technologies to fight against Climate Change.

Enjoy reading! If you have an amazing resource and want to see your resource in our next digest, I'd love to hear from you too. Looking forward to your feedback and resources. Submit it here. Have a great weekend. 

Thank you.
Anurag

Startup Digest Emerging Economies is curated by:
Anurag Maloo

Anurag Maloo - Regional Manager (India, South & Central Asia)

Contact Anurag Maloo at anurag.maloo@startupdigestmail.com

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Gartner Says Demand for 4G Smartphones in Emerging Markets Spurred Growth in Second Quarter of 2017

Aug 2017 Press Release - Gartner, Inc. (NYSE: IT) is the world's leading research and advisory company.

Global sales of smartphones to end users totaled 366.2 million units in the second quarter of 2017, a 6.7 percent increase over the second quarter of 2016, according to Gartner, Inc. In the smartphone operating system market, Android extended its lead with 87.7 percent market share, while iOS accounted for 12.1 percent."
Although demand for utility smartphones remains strong, there is growing demand in emerging markets for 4G smartphones, with more storage, better processors and more advanced cameras. This is translating into higher demand for midpriced [$150 to $200] smartphones," said Anshul Gupta, research director at Gartner.

12 artificial intelligence startups revolutionizing healthcare in India

By Dipendra Jain - e27

Healthcare is one of the biggest opportunities for startups and presents some of the greatest frustrations. The market size and its potential to make an impact in people's lives are nearly unmatched, so are the complications and regulations.
2016 witnessed 73 funding deals in the healthcare sector with investors pouring in $113.45 million in India. These companies promise everything from cancer detection to care and the process of finding a new doctor. Here are the 12 notable ones, combining healthcare and artificial intelligence.

In India, an Uber for farm machinery aims to make a difference in rural areas

By Jon Russell (@jonrussell) - Techcrunch

Uber has inspired countless businesses to adopt its asset-light and on-demand approach to their industries. The examples are countless. Food delivery, dry cleaning, jet planes, home services rental bikes, or even phone chargers to name but a few — but how about farming equipment?

That's the case in India, where a startup called EM3 AgriServices is helping rural farmers literally get their hands on specialist (and expensive) equipment and machines that would ordinarily be out of their reach. The goal is to help them earn their livelihood with cutting-edge tech without breaking the bank.

How to unleash innovation and entrepreneurship in MENA

By Alain Bejjani - Arabian Business

Opinion: The region must reclaim its rich scientific heritage, but it needs billions of dollars annually and government and institutional support, according to Alain Bejjani, CEO of Majid Al Futtaim – Holding

13 new apps to fight Climate Change

Matthias Krause (Cofounder, Solar Power Report) - GreenBiz

What if climate change had a flavor, an odor or a color? Chances are, we would be much more aware of the problems we will be facing in the future when natural disasters become more severe, sea levels rise, and temperatures go awry. To make the invisible a little more visible and the intangible a little more tangible, some smart software programers have set out to create mobile apps to help communities understand the challenges of climate change and prepare for the future.

WeWork wins $4.4 billion investment from Saudi-backed fund for Expansion

By Ellen Huet - Bloomberg

WeWork Cos. agreed to a $4.4 billion investment from SoftBank Group Corp. and its Vision Fund, part of an aggressive global expansion plan for the co-working startup. New York-based WeWork, which rents office space to workers, and Japan's SoftBank have been formalizing an alliance this summer that includes a $500 million project in China and a joint venture in Japan. SoftBank is sitting on a massive cash pile thanks to a nearly $100 billion technology fund it started with the Saudi Arabian government.

Thailand's Kasikorn Bank backs cloud accounting startup in first deal for $30M fund

By Jon Russell (@jonrussell) - TechCrunch

Thailand's banks have stepped up to chase the startup dream over the past year. Following on from SCB's Digital Ventures, which has backed blockchain startup Ripple among others, Kasikorn Bank (KBank) has made the first investment from its $30 million fund — a $1.15 million round for Bangkok-based FlowAccount.

KBank announced its Beacon fund this summer. It has made investments into funds as an LP, most notably it is involved in Singapore's Dymon Asia, but this is its first direct investment in a startup.The bank was joined in the round by Japan-based conglomerate SBI Group, and FlowAccount's seed investors 500 Startups and Golden Gate Ventures.

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