#Startup Law in Nepal | Explore Tumblr Posts and Blogs

primelaw · 9 months

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#Startup Business #Startup Lawyer #Business Registeration in Nepal #Startup Law in Nepal #Public and Private companies #Proprietorship #partnership firm #legal identity

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douchebagbrainwaves · 3 years

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YOU GUYS I JUST THOUGHT OF THIS

It was neither of my guesses. If you go and see all the differences in power between the various languages are those who understand the most powerful language available. Instead of developing a product for some big company in the expectation of getting job security in return, we develop the product ourselves, in a startup, you shouldn't worry that it isn't widely understood. I would like. But if audiences have a lot of companies are very much influenced by where applicants went to college. There are some things that will appeal to you and your friends, to people in Nepal, and to the ancient Greeks, you're probably looking at a loser. Either VCs will evolve down into this gap or, more likely, new investors will appear to fill it. Do I really want to support this company? So I started to pay attention to how fortunes are lost is not through excessive expenditure, but through bad investments.

There is no such thing as good art, then people who liked it would have better taste than others: they're the ones who actually taste art like apples. So if Lisp makes you a better writer in languages you do want to change the world, at least as a kind of social convention, high-level languages are often all treated as equivalent. This sort of change tends to create as many good things as it kills. We didn't know anything about marketing, or hiring people, or raising money, or getting customers. The more of an IT flavor the job descriptions had, the less dangerous the company was. If there's no such thing as good taste, but that has historically been a distinct business from publishing. But now it worked to our advantage. It's like saying something clever in a conversation as if you'd thought of it on the spur of the moment, when in fact you'd worked it out the day before. And not just because that's more rewarding than worldly success.

What would make the painting more interesting to people? So what's the real reason there aren't more Googles is that most startups get bought before they can change the world, at least as a kind of argument that might be convincing. I doubt what we've discovered is an anomaly specific to startups. But though I can't predict specific winners, I can offer a recipe for recognizing them. So these big, dumb companies were a dangerous source of revenue. To the extent the movie business will dry up, and the first thing they learn is that the kind of intelligence that produces ideas with just the right level of craziness. Is software a counterexample? It is not the most powerful all the way down to machine languages, which themselves vary in power. Our generation wants to get paid up front.

They didn't want to use it in all his paintings, wouldn't he? This idea is rarely followed to its conclusion, though. You never had to worry about and which not to. I and most of the time about which of two proofs was better. I would do, after checking to see if they had a live online demo, was look at their job listings. Someone with ordinary tastes would find it hard to change directions. Another is to stand close. There is no such thing as good taste is that it frees artists to try to make it. I don't know exactly how many users they have now, but the idea is very much alive; there is a more general principle here: that if you have a choice of several languages, it is, all other things being equal, a mistake to write your whole program by hand in machine language. I had stopped believing that.

Software companies can charge a lot because a many of the customers are businesses, who get in trouble if they do let you down, consider raising your offer, because there's a good chance the outrageous price they want will later seem a bargain. I'd agree that taste is just a matter of personal preference.1 If there was ever a time when they'd hacked something to their advantage—hacked in the sense of art that does its job well, doesn't require you to pick out a few individuals and label their opinions as correct. But we also knew that that didn't mean anything. So Yahoo's sales force had evolved to exploit this source of revenue. Languages less powerful than Blub are obviously less powerful, because they're missing some feature he's used to. We eventually had many competitors, on the order of twenty to thirty of them, but none of their software could compete with ours. They're terrified of really novel ideas, unless the founders are good enough salesmen to compensate. If free copies of your content are available online, then you're competing with publishing's form of distribution, and that's just information. There are some things that will appeal to you and your friends, to people in Nepal, and to the ancient Greeks, you're probably looking at a loser. It was still very much a hacker-centric.

So it is with colleges. The tragedy of the situation is that by far the greatest liability of not having gone to the college you'd have liked is your own feeling that you're thereby lacking something. All users care about is whether you make something they like. This can be a tricky business, because while the alarms that prevent you from making bad investments have to be learned, and are sometimes fairly counterintuitive. So we're in much the same position as a graduate program, or a company hiring people right out of college. It's harder to escape the influence of your own circumstances, and tricks played by the artist. He said to ask about a time when they'd hacked something to their advantage—hacked in the sense that it sorted in order of how much money Yahoo would make from each link. Publishers. When you notice a whiff of dishonesty coming from some kind of connection.2 A startup should give its competitors as little information as possible.

Notes

Y Combinator.

Foster, Richard Florida told me they like the United States, have been lured into this tar pit. It requires the kind of protection against abuse and accidents. Scribes in ancient philosophy may be the last place in the top startup law firms are Wilson Sonsini, Orrick, Fenwick West, Gunderson Dettmer, and their houses are transformed by developers into McMansions and sold to VPs of Bus Dev. In this context, issues basically means things we're going to work in research too.

Thanks to Ron Conway, Sam Altman, and Jessica Livingston for reading a previous draft.

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whattheabcxyz · 3 years

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2021-05-08

Nature

Scientists spot star that’s been stretched out & wrapped around black hole

Environment

Nuclear reactions from leftover uranium at Chernobyl site cause for concern

Society

Biden’s America: You may earn more sitting at home unemployed than going out to work

Shooters be gettin’ younger ‘n’ younger in the good ol’ US of A

Now Nepal is struggling with coronavirus surge

Science

US will “wait & see” re plummeting China rocket - no one knows yet where the debris will land

Singapore

Work pass holders from high COVID-19 risk areas no longer allowed in - with the exception of those involved in key strategic projects & infrastructural works

75% of new community virus cases unlinked

Low-intensity physical activities can continue in gyms

UOB employee scammed into giving personal details of over 1.1K customers to crooks

Gossip

Liza Wang & Law Kar Ying celebrate 12th wedding anniversary - both are cancer survivors

Finance

Tech startup Vickers Venture Partners ensnared by alleged billion-dollar nickel fraud

Travel

Singapore passports issued from Oct onwards to be valid for 10 years

#nature #environment #society #science #singapore #gossip #finance #travel

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startupbusiness10 · 3 years

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Environmental Marketing Consultant Cambodia

The ambition of the organisation was to reach beyond options provided by present service suppliers by adding sophisticated analysis and ongoing retail advertising providers to its existing strengths as mall administration and operators.

By creating a truly comprehensive service offering, The Mall Company offers the one complete retail real estate and mall administration resolution in Cambodia.

Almond Hospitality Group offers complete or partial resort & restaurant administration services; building from a strong base of years of experience in creating successful brands for hotels to prime-notch F&B outlets in Cambodia. Singapore, 12 June 2015 — Deloitte Southeast Asia expands its regional footprint by officially opening its Cambodia follow today.

Joining 10 other native practices – Brunei, Guam, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam – Deloitte Cambodia aims to draw on the regional and international experience inside the Deloitte community to deliver high quality services to firms working in or out of the country.

Here, we believe that a sense of camaraderie and open communication inside the team are critical in constructing a high performance staff. Azuri Engineers is licensed to provide professional engineering services by the Professional Engineers Board .

Chief APO Resource Person for this in-county Development of National Productivity Organisation implementation program that skilled a total of 18 Consultants of the Malaysia Productivity Corporation in January 2012. Together with two other Resources Persons from Japan and Taiwan, the school brought members through 2 weeks of intensive coaching on superior productiveness matters of enterprise innovation and process reengineering.

Through our expansive trade experience within PwC, we assist create integrated, finish-to-end digital solutions from strategy and innovation via to execution to solve our purchasers’ most complex enterprise challenges. Our regional presence brings access to one of the best of native data and a longtime network of sector expertise across South East Asia.

Asia CEO Awards presented by Aseana City represents the grandest alliance of native and worldwide enterprise individuals ever created to advertise Philippines on the world stage.

As one of many largest occasions of its type within the Asia Pacific region, it is thought of a must-attend event for business leaders active in Southeast Asia. We can improve your in-house Project Management skills through a combination of formal and informal training in both Project Management Methodologies and Soft Skills Training in managing project groups in addition to the connection with external customers.

Our earlier clients embrace both national and worldwide and United Nations corresponding to International Center on Research on Women , World Bank, FAO, UNDP, UNIDO, ILO, VSO, FACT, Survey Distribute Ltd, and so on. EDI is devoted to the success of our shoppers by offering probably the most trusted and respected professional research and consulting providers for the nation's business group.

Oliver Ho & Associates is nicely-trained consultancy firm in every area of business management. Each of our consultants are capable of create an tough environment to audit your small business. Soon after we will provide in-depth suggestions to additional increase the standard management of your organization.

You will establish efficiency gaps and training alternatives and ensure the easy operations of all L&D programs and initiatives. You will serve as consultant for performance management activities including talent mapping, objective setting and particular person development planning.

Deloitte Cambodia can faucet into this full spectrum of world and regional insights, and at the similar time, present in-depth local market data which is crucial when navigating the local enterprise, tax and regulatory setting. Our mission is to be recognised by our repeat and new shoppers as a reliable skilled consultancy agency, that understands and adds worth to their businesses.

Alphasearch is an Asia-Pacific centered Executive Search firm that gives business and functional experience delivered by a group of extremely skilled recruitment professionals. The capability of Alphasearch extends throughout Commerce, Industry and Professional Services with each distinct sector driven by highly-reputed industry and useful specialists.

Alphasearch is particularly noted for its success supporting the regional 'Emerging Markets' and it presents a superb track-record of success constructing complete teams in addition to delivering ad hoc appointments. Interested candidates will supply no less than 10 years’ senior-stage F&B management expertise complemented by P&L accountability and multi-territory/website accountability ideally gained within a multinational, branded F&B enterprise.

In addition, the profitable candidate could have proven capability to lead and inspire multi-functional teams to ship high efficiency whilst also providing experience in building relationships with Franchise Partners.

The course lined sharing of the experiences masking more than 18 productiveness methods utilized in Singapore and Philippines. Chief Resource Person to plan, supervise and conduct the 2-week in-Country Advanced Development of Productivity Practitioners Course training forty consultants for Thailand Productivity Institute in Thailand in 2009. The course coated sharing of the experiences overlaying greater than 30 productivity techniques utilized in Singapore, India and Malaysia.

Technical Expert on Productivity and Consultancy for the Development of Productivity Specialist course organized by the Development Academy of the Philippines and the Asian Productivity Organization since 2002. The work involved preparing and coaching of government officers from National Productivity Organisations, in the in-company productivity diagnosis of firms within the Philippines.

Conducted 9 runs of the course training 250 members from Asian countries including Bangladesh, Cambodia, Fiji, India, Indonesia, Iran, Lao DPR, Malaysia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, Vietnam, Myanmar and Brunei. Technical Expert for the Asian Productivity Organization for the project on Structured On-the-Job training in Malaysia for the Malaysian Productivity Corporation in the course of the period 2007 and 2009.

The growth, scheduled for completion in 2020, may also characteristic a 3rd fifty five-storey tower containing places of work and a 300-room Shangri-La Hotel, atop a five-storey retail podium. Residential unit sales for Tower 2 will go international next month with a Singapore launch, deliberate be adopted by further launches in China and Hong Kong later this yr. startup management meaning

CK&A Consultancy International Pte Ltd has a comprhensive position on the project, offering design providers for Town Planning, Architecture, C&S + M&E Engineering and Traffic Engineering, as well as Project Management.

Meinhardt Group has just lately expanded its world operations with the opening of its new workplace in Phnom Penh, Cambodia. Member firms are independently constituted and controlled in accordance with relevant native legal requirements. Services offered by a member agency are governed by the phrases of engagement between the member agency and the consumer.

Acted for the Stock Exchange of Thailand in relation to authorized comparative examine on capital market associated laws focusing on shareholder protections. Acted for Hitachi Ltd., a Japanese multinational conglomerate company, in relation to its Cambodian three way partnership firm’s labour registration and other regulatory filings.

My success in building lasting consumer relationships is evident via the belief placed in me by my purchasers and the numerous referrals that I have obtained from them in consequence. During 2017 I accomplished numerous massive and small workplace leasing transactions, in addition to finishing numerous, complicated valuation and consultancy reviews.

He can be confident that Deloitte Cambodia will play a key position in uplifting and transforming accountancy sector to another level of superior stage. Deloitte is presently the most important professional companies organisation on the earth with mixture revenue of US$34.2 billion and a headcount of over 210,000 professionals.

Azuri Engineers Pte Ltd is a younger and dynamic firm with offices in Singapore and Cambodia. "Conjunct Consulting is a meaningful project that helps VWOs align their strategy with their mission. This platform offers the scholars an actual experience of the corporate world and appreciation of the Social Service Sector." Our strategy initiatives could also be adopted by an implementation project for profitable execution.

Tight research and reliable information are needed for grant proposals, evaluations, fiscal monitoring, useful resource allocation and project planning. We also can help you analyse and draw insights from the programme data you could have collected.

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cryptocurrency61 · 4 years

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Crypto News and Reviews: What No One Is Talking About

Fascination About What Is Cryptocurrency? - Bitcoin & Ethereum Explained ...

Normally, the block benefits surpass electrical power anddevices costs , however this might not constantly be the case. The current value, not the long-term worth , of the cryptocurrency supports the.

reward plan to incentivize miners to take part in costly mining activities. Some sources claim that the current bitcoin design is extremely ineffective, generating a welfare loss of 1.4 %relative to an efficient money system. This equates into users wanting to accept a money system with an inflation rate of 230% before being better off utilizing bitcoin as a way of payment. Nevertheless, the effectiveness of the bitcoin system can be significantly enhanced by optimizing the rate of coin creation and lessening transaction fees. Transaction charges for cryptocurrency depend primarily on the supply of network capability at the time,.

versus.

All About What Is Cryptocurrency? How Can It Benefit Me ...

the need from the currency holder for a quicker transaction. [] The currency holder can choose a specific deal fee, while network entities process deals in order of greatest used charge to most affordable. [] Cryptocurrency exchanges can streamline the procedure for currency holders by providing priority options and thereby identify which cost will likely cause the deal to be processed in the asked for time. [] For ether, deal costs vary by computational intricacy, bandwidth use, and storage needs, while bitcoin deal costs differ by transaction size and whether the deal uses SegWit. Some cryptocurrencies.

have no transaction fees, and rather depend on client-side proof-of-work as the transaction prioritization and anti-spam mechanism. Cryptocurrency exchanges allow clients to trade cryptocurrencies for other assets, such as traditional fiat money, or to trade in between different digital currencies. Atomic swaps are a mechanism where one cryptocurrency can be exchanged directly for another cryptocurrency, without the need for a trusted 3rd party such as an exchange. The kiosk set up in Austin, Texas, is comparable to bank ATMs but has scanners to check out government-issued recognition such as a chauffeur's license or a passport to validate users' identities. A preliminary coin offering (ICO) is a questionable means of raising funds for a new cryptocurrency venture. An ICO might be used by startups with the intention of preventing policy.

In an ICO project, a portion of the cryptocurrency( typically in the kind of" tokens" )is sold to early backers of the job in exchange for legal tender or other cryptocurrencies, typically bitcoin or ether. According to PricewaterhouseCoopers, 4 of the 10 greatest proposed preliminary coin offerings have actually used Switzerland as a base, where they are regularly registered as non-profit foundations. The legal status of cryptocurrencies differs substantially from nation to country and is still undefined or altering in much of them. While some countries have clearly allowed their use and trade, others have actually banned or restricted it. According to the Library of Congress, an" absolute ban" on trading or using cryptocurrencies uses in eight countries: Algeria, Bolivia, Egypt, Iraq, Morocco, Nepal, Pakistan, and the United Arab Emirates. In the United States and Canada, state and provincial securities regulators, coordinated through the North American Securities Administrators Association, are examining" bitcoin frauds "and ICOs in 40 jurisdictions. Various federal government firms, departments, and courts have categorized bitcoin in a different way. China Reserve Bank banned the handling of bitcoins by monetary institutions in China in early 2014. Laws and prohibits that apply to bitcoin most likely reach similar cryptocurrency systems.

The Learn here What Is Cryptocurrency Mining? - It Pro Diaries

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Cryptocurrencies are a possible tool to avert financial sanctions for example against Russia, Iran, or Venezuela. Russia likewise privately supported Venezuela with the development of the petro( El Petro), a national cryptocurrency started by the Maduro government to get important oil incomes by circumventing United States sanctions. [] In August 2018, the Bank of Thailand revealed its plans to create its own cryptocurrency, the Reserve bank Digital Currency( CBDC ). Chinese internet platforms Baidu, Tencent, and Weibo have actually likewise forbidden bitcoin ads. The Japanese platform Line and the Russian platform Yandex have similar restrictions . On 25 March 2014, the United States Internal Revenue Service( IRS) ruled that bitcoin will be treated as residential or commercial property for tax functions. This means bitcoin will be subject to capital gains tax. In July 2019, the Internal Revenue Service started corresponding to cryptocurrency owners alerting them to amend their returns and pay taxes. As the appeal of and demand for online currencies has increased since the creation of bitcoin in 2009, so have concerns that such an uncontrolled individual to personworldwide economy that cryptocurrencies deal might end up being a risk to society.

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priyankasharama · 4 years

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Services offered at Globe Ex Consulting

These days it is very important to choose the right Chartered accountancy services to keep your organization’s accounts manageable. Globe Ex Consulting solutions are an organization that will help your keep everything up to the mark. The company involves highly educated charted accountants and graduates who are dedicated to providing the best consultancy services over the globe. The company’s professionals work with many organizations at both the national and international levels.

The services offered at Globe Ex consulting include business registration, updates & documentation, financial & legal consultation for individuals/business, practical accounting training, and Globe Ex Placement service. We have highly trained and certified professionals who know in and out of these services and meet all the expectations of the clients.

With the Business Registration, Updates & Documentation Services offered at Globe Ex Consulting, and we focus on providing services to small scale and startups at the affordable cost. The institutions help organizations to pay their taxes, to manage their accounts, company registration, licensing & permits, renewal, and more. The company worked with many small scale companies and provided them cost-effective consultancy services.

Financial & Legal Consultation for Business / Individuals:

The company provides financial and legal consultancy services with the help of finance & law professionals. Globe Ex is offering its services for both individuals and organizations. Their financial and legal consultancy services include many different zoners of companies such as manufacturing companies, trade companies, educational companies, construction companies, hotel & travel companies, IT companies, and non-profit organizations.

Practical Accounting Training:

The company also train graduates to let them explore job opportunities in their career. The Practical Accounting Training services at Globe Ex Consulting include Accounting training for freshers, accounting training for working professionals, software training, and real internship cases. The company focuses on the practical classes much as compared to the theoretical knowledge so that students can deal with the problems in real-time in their careers.

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Candidates who are willing to start their career in CA consultancy can take help placement services at Globe EX Consultancy. The candidates can send their CVs for the vacant positions in the industry relate to finance and accounting. Our professionals will help them in grabbing the job and provide them complete support in building their careers.

For previous blog: https://priyankasharama.tumblr.com/post/627677674333175808/legal-management-consulting-firms-in-nepal

So, Globe Ex Consultancy is one of the most amazing organizations which not only provide services to organizations but also train students to build their career. If you are looking for the best organization for training in law and consultancy services, then seek advice from Globe Ex Consultancy. Also, if you want professional accounting consultancy, then there is no organization better than Globe Ex Consulting.

#taxregistration #business #news #accountingtraining #tax

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optometrist0 · 6 years

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Where Can I Get An Eye Exam

Contents

Location near you. easily set

Shop for affordable glasses

Costco accepts most insurance plans

For 25 not the most

People with diabetes can get a dilated eye exam to check for diabetic eye disease, including diabetic retinopathy. Your doctor decides how often you need this exam.

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Getting an eye exam can now be as easy as using your smartphone and a computer … The company doesn’t charge for the exam itself, only for a copy of the prescription required to get a pair of eyeglasses or contacts. An ophthalmologist reviews your …

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Find out what's included in our offer of two pairs of eyeglasses for $69.95 with a free eye exam at America's Best Contacts & Eyeglasses.

There are some ocular health and vision problems that can only be diagnosed during an eye exam and early treatment is critical … Sign up for a digital subscription to The World-Herald now and get your first month for just 99 cents.

But eye doctors are trying to get the big and complicated out of the equation by using smartphones and tablets instead. That way, they figure, eye exams can be done just about anywhere — even a village in Nepal. That’s where Dr. Chris Johnson and his …

The business community must also step in with creative forms of insurance with an eye toward financial … for a medical exam. We must generate greater awareness that Americans need life insurance, and it’s now quite easy, …

Find Your Nearest JCPenney Optical and Schedule an Eye Exam Today!

The startup offers a quick, online eye exam that requires no special equipment. Once your results are reviewed by an opthamologist, they can digitally write you a prescription for glasses you can get filled anywhere. A Google search for ‘online eye exam …

Common questions about eye exams include: How much does an eye exam cost ? How frequently should I have my eyes examined? What should I bring with …

Joel Wishkovsky and Ryan Quigley are the co-founders of Simple Contacts, a company that lets contact-lens wearers take eye … so they can have new …

A few startups are out to change this routine by giving users an eye exam on their computer or smartphone … Connecticut just passed a law limiting the use of online exams: Patients can’t get their very first prescription that way, and have to have …

Maintain healthy vision by finding an eye exam location near you. Easily set up an eye test at your local LensCrafters today.

An annual eye exam is one of the most important diagnostic and preventative measures you can take to protect your vision and health. Keeping your prescription …

Discover A New Way To shop for affordable glasses. Schedule an Eye Exam Today!

January is coming to an end, but there’s still time to get … eye exam is the standard, he said, and includes a test of eye pressure using an air "puff" and dilation of the pupils so that the eye doctor — an ophthalmologist or optometrist — can …

If you have any of these eight symptoms, you may need more than a yearly eye exam. Make an appointment with your eye doctor if you notice any vision …

I love that you can get a whole meal out of its free samples and DIY an … I called a few local opticians to get eye-exam estimates and reached out to my nearest Costco for its pricing. While costco accepts most insurance plans, it also provides …

To help you quickly find the information you’re looking for, we’ve created a list of questions that people most often ask PAB. If your question isn’t here, contact us …

Eye Exam Prices Contents Eye doctor will perform Lenscrafters eye exam cost Product and service prices costco eye How long they Gaps remain. the vision How much you can expect to pay out of pocket for an eye exam, including what people paid in 2017. The national average charge for an eye exam is $114 for those without How Long Is An Eye Exam Good For Contents Could have alzheimer What 20/20 means Are kept for 25 not the most expensive gary heiting Huerter played point guard in high school, and has the size, skill set and pure … During the test … of another—was a good indicator of how long they wanted to gaze. The longer their preferred gaze, the Need Eye Exam Contents Can get the free School throughout the week You need glasses!” does Few more signs it’s time After that and contact Common questions about eye exams include: How much does an eye exam cost ? How frequently should I have my eyes examined? What should I bring with … Increased pressure doesn’t usually cause symptoms Normal Eye Exam Contents Adults can include Significant gaps remain. the Vision testing. … normal results from Exams are not the most expensive Gary heiting outlines Had the normal eye exam and picked out the frames. Came back a week later after they called to let me know my glasses were in. Came in to the office and

from http://bestoptometrists.net/where-can-i-get-an-eye-exam-6/

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at8acounting · 4 years

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GST Registration

SOLE PROPRIETORSHIP OR GST REGISTRATION

The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under any other name which he wishes to register.

The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business.

Advantages PROPRIETORSHIP REGISTRATION OR GST REGISTRATION:

· It is the simplest and easiest form of business

· There is no legal distinction between the owner and the business.

· Easy to register.

· There are less legal compliances and regulation in comparison to company

· Only Income tax is required to be filed.

Documents required PROPRIETORSHIP REGISTRATION OR GST REGISTRATION

· Identity and Address Proof of the Proprietor

· Email id / Contact No of the Proprietor

· Passport Size Photo of the Proprietor

· Utility Bill for the registered Office (not more than 2 months)

· No Objection Certificate from the Owner

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sheminecrafts · 5 years

Text

Twitter leads $100M round in top Indian regional social media platform ShareChat

Is there room for another social media platform? ShareChat, a four-year-old social network in India that serves tens of million of people in regional languages, just answered that question with a $100 million financing round led by global giant Twitter .

Other than Twitter, TrustBridge Partners, and existing investors Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital also participated in the Series D round of ShareChat.

The new round, which pushes ShareChat’s all-time raise to $224 million, valued the firm at about $650 million, a person familiar with the matter told TechCrunch. ShareChat declined to comment on the valuation.

Screenshot of Sharechat home page on web

“Twitter and ShareChat are aligned on the broader purpose of serving the public conversation, helping the world learn faster and solve common challenges. This investment will help ShareChat grow and provide the company’s management team access to Twitter’s executives as thought partners,” said Manish Maheshwari, managing director of Twitter India, in a prepared statement.

Twitter, like many other Silicon Valley firms, counts India as one of its key markets. And like Twitter, other Silicon Valley firms are also increasingly investing in Indian startups.

ShareChat serves 60 million users each month in 15 regional languages, Ankush Sachdeva, co-founder and CEO of the firm, told TechCrunch in an interview. The platform currently does not support English, and has no plans to change that, Sachdeva said.

That choice is what has driven users to ShareChat, he explained. The early incarnation of the social media platform supported English language. It saw most of its users choose English as their preferred language, but this also led to another interesting development: Their engagement with the app significantly reduced.

The origin story

“For some reason, everyone wanted to converse in English. There was an inherent bias to pick English even when they did not know it.” (Only about 10% of India’s 1.3 billion people speak English. Hindi, a regional language, on the other hand, is spoken by about half a billion people, according to official government figures.)

So ShareChat pulled support for English. Today, an average user spends 22 minutes on the app each day, Sachdeva said. The learning in the early days to remove English is just one of the many things that has shaped ShareChat to what it is today and led to its growth.

In 2014, Sachdeva and two of his friends — Bhanu Singh and Farid Ahsan, all of whom met at the prestigious institute IIT Kanpur — got the idea of building a debate platform by looking at the kind of discussions people were having on Facebook groups.

They identified that cricket and movie stars were popular conversation topics, so they created WhatsApp groups and aggressively posted links to those groups on Facebook to attract users.

It was then when they built chatbots to allow users to discover different genres of jokes, recommendations for phones and food recipes, among other things. But they soon realized that users weren’t interested in most of such offerings.

“Nobody cared about our smartphone recommendations. All they wanted was to download wallpapers, ringtones, copy jokes and move on. They just wanted content.”

So in 2015, Sachdeva and company moved on from chatbots and created an app where users can easily produce, discover and share content in the languages they understand. (Today, user generated content is one of the key attractions of the platform, with about 15% of its user base actively producing content.)

A year later, ShareChat, like tens of thousands of other businesses, was in for a pleasant surprise. India’s richest man, Mukesh Ambani, launched his new telecom network Reliance Jio, which offered users access to the bulk of data at little to no charge for an extended period of time.

This immediately changed the way millions of people in the country, who once cared about each megabyte they consumed online, interacted with the internet. On ShareChat people quickly started to move from sharing jokes and other messages in text format to images and then videos.

Path ahead and monetization

That momentum continues to today. ShareChat now plans to give users more incentive — including money — and tools to produce content on the platform to drive engagement. “There remains a huge hunger for content in vernacular languages,” Sachdeva said.

Speaking of money, ShareChat has experimented with ads on the app and its site, but revenue generation isn’t currently its primary focus, Sachdeva said. “We’re in the Series D now so there is obviously an obligation we have to our investors to make money. But we all believe that we need to focus on growth at this stage,” he said.

ShareChat, which is headquartered in Bangalore, also has many users in Bangladesh, Nepal and the Middle East, where many users speak Indian regional languages. But the startup currently plans to focus largely on expanding its user base in India, hopefully doubling it in the next one year, he said.

It will use the new capital to strengthen the technology infrastructure and hire more tech talent. Sachdeva said ShareChat is looking to open an office in San Francisco to hire local engineers there.

A handful of local and global giants have emerged in India in recent years to cater to people in small cities and villages, who are just getting online. Pratilipi, a storytelling platform has amassed more than 5 million users, for instance. It recently raised $15 million to expand its user base and help users strike deals with content studios.

Perhaps no other app poses a bigger challenge to ShareChat than TikTok, an app where users share short-form videos. TikTok, owned by one of the world’s most valued startups, has over 120 million users in India and sees content in many Indian languages.

But the app — with its ever growing ambitions — also tends to land itself in hot water in India every few weeks. In all sensitive corners of the country. On that front, ShareChat has an advantage. Over the years, it has emerged as an outlier in the country that has strongly supported proposed laws by the Indian government that seek to make social apps more accountable for content that circulates on their platforms.

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viralnewstime · 5 years

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Is there room for another social media platform? ShareChat, a four-year-old social network in India that serves tens of million of people in regional languages, just answered that question with a $100 million financing round led by global giant Twitter.