what to take care of before planning the product launch?

Next week I've planned to launch my one of admin template product i.e. based on the Bootstrap framework. This is my first-time release product without the upload it to marketplaces like themeforest, template monster.

Any advice much appreciate.

Thank You

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Startups – Rapid Growth and Innovation is in Our Very Nature!

India’s Zomato raises $100M from Tiger Global, says it is planning to file for IPO next year

Indian food delivery startup Zomato has raised $ 100 million from Tiger Global and is preparing for the next phase of its journey: an IPO.

Tiger Global financed the capital through its investment vehicle Internet Fund VI, according to a regulatory filing. Info Edge, a major investor in Zomato, confirmed the development Thursday evening, adding that the new round valued Zomato at $ 3.3 billion post-money.

In an email to employees earlier today, Zomato co-founder and chief executive Deepinder Goyal said the startup had about $ 250 million cash in the bank and several more “big name” investors would be joining the current round to increase its cash reserve to about $ 600 million “very soon.”

“Important note — we have no immediate plans on how to spend this money. We are treating this cash as a ‘war-chest’ for future M&A, and fighting off any mischief or price wars from our competition in various areas of our business,” he added in the letter, reviewed by TechCrunch.

Zomato, which acquired the Indian food delivery business of Uber early this year, competes with Prosus Ventures-backed Swiggy in India. A third player, Amazon, has also emerged in the market, though it is currently servicing food delivery in only select suburbs of Bangalore.

Goyal told employees that the 12-year-old startup is also working for its IPO for “sometime in the first half of next year.” (It’s unclear how Zomato plans to achieve this target, but it is likely looking at listing in the U.S. or some other market. Current Indian law requires a startup to be profitable for at least three years before they could publicly list in India — though there has been some proposal to relax this requirement.)

The new pledge from Zomato is the result of a major economic improvement in its business in recent quarters. Until mid-last year, Zomato was losing more than $ 50 million a month to win and sustain customers by offering heavy discounts.

The Gurgaon-headquartered firm, which like Swiggy eliminated hundreds of jobs in recent months as coronavirus ruined the appetite of Indians ordering food online, said in July that its losses for the month would be less than $ 1 million.

The startup also faced obstacles in raising new capital. It kickstarted its financing round a year ago, but had secured only $ 50 million as of a month ago. The startup had originally anticipated closing this round, at about $ 600 million, in January this year.

In an emailed response to TechCrunch queries in April, Goyal had attributed the delays to the spread of coronavirus and said he expected to close the round by mid-May. He wrote to employees today that Tiger Global, Temasek, Baillie Gifford and Ant Financial had already participated in the current round.

Startups – TechCrunch

AI in Oil & Gas Market 2020 by Component (Hardware, Software, and Service); Application (Predictive Maintenance, Material Movement, Field Services, Production Planning, and Quality Control); Sector (Upstream, Midstream, & Downstream) – Scientect

AI in Oil & Gas Market 2020 by Component (Hardware, Software, and Service); Application (Predictive Maintenance, Material Movement, Field Services, Production Planning, and Quality Control); Sector (Upstream, Midstream, & Downstream)  Scientect
“startups when:1d” – Google News

Trusty.care Raises $1.5M to Offer Healthcare and Financial Planning Solutions for Medicare Patients

“My younger brother was in a car accident and didn’t have health insurance. The experience of seeing the financial impact of insurance on individuals is at the heart of what we do. For retirees, health care costs are their second-largest expense during retirement and the best way to control those costs is getting the right insurance.” The healthcare system has become increasingly complex for retirees and Trusty brings much-needed transparency for a financially vulnerable population. CEO and Cofounder Jo Schneier shares more about this mission-driven benefits management platform that empowers brokers and financial advisors to deliver prudent service to their elderly clients.
AlleyWatch

When you find an existing direct competitor while still in the early (planning) stages, how do you decide to move forward or abort mission?

I've been working on a business idea for the past month. I really do believe in the idea and know there is a market for it. I won't go into many details here but it's a c2c/p2p webapp model – targeting a specific niche of a larger market.

I researched competitors at the beginning, and I could not find any direct competition – no site that I found carried out my exact vision.

Until today. Three weeks into the project. I found something that does almost exactly what I am trying to do. Not completely identical, but close enough to make me throw my hands in the air and ask myself if it's still worth pursuing.

I've had a lot of ideas in the past. But this is the only one that I have really ran with and invested a lot of time (spent pretty much every weekend for the past month doing lots of research, writing, organizing of ideas, etc).

It has sorta grown on me and become my "baby" in a way, and I would hate to just give up. I was also getting to the point where I'll be needing to loop someone else in.

I know that the fact this company exists is probably a good thing, in that it essentially validates my idea. But I'm honestly feeling a little set back and unmotivated right now and hesitant to move forward.

When you run into a situation like this, which I'm sure is fairly common, how do you gauge whether or not to move forward? Or to abort entirely?

Update – I made an account on their website. The overall concept is the same, but beyond that – as I go through the user interface, I'm finding there is a gap. It does not solve all the problems that my platform would solve. Mine focuses way more on the customer experience from A-Z, and takes a little different (more seamless) approach to the "problem".

I went into this project with the mindset that I am building it for myself, to allow me to do what I am wanting to do (and share it with others of course). Going through their website as a user, my conclusion is… no it does not solve my problem. I would not be able to do what I'm wanting to do on their platform. Close, but not quite.

So I guess there's still work to be done.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Cube closes $5M Seed round to scale its financial planning software

This morning Cube announced that it has closed a Seed round worth just over $ 5 million. The software startup, focused on financial planning and analysis (FP&A) work, raised $ 3.8 million of the total recently, with remaining $ 1.25 million having come in an earlier Pre-Seed round.

Christina Ross, Cube’s CEO and founder, told TechCrunch that she started raising the most recent tranche of capital in March, winding up with a few term sheets within a few weeks. Eventually the startup picked Bonfire VenturesBrett Queener to lead the round, with Operator Collective, Clocktower Technology Ventures, Alumni Ventures Group, Techstars, and others taking part.

So, what is FP&A and why is Cube attracting so many interested investors? Let’s talk about both.

Attack the spreadsheets

There’s an old startup chestnut that I can’t source this morning, but goes something like this: If you want to know where to found a startup, just go to a big company, walk around until you figure out where they still use spreadsheets, and build something that will replace them. Voilà, you have a company.

Ross is doing something similar with Cube.

She detailed her work experience in an interview, noting stints at GE, at Deloitte doing financial work, at Rent The Runway as employee 34 and first head of finance, at Criteo where she was its North America head of finance, and, finally, at Eyeview as its CFO. She has helped growing companies manage and track their monetary resources, and draw a plan for the future.

Or in industry-speak, she has spent a lot of time doing FP&A, a business process where she says there are still too many old-fashioned spreadsheets.

That’s where Cube comes in. Ross noted during our chat that lots of what a CFO does is being automated, with Carta, Bill.com, Expensify, and other tools, but that FP&A is still something of a crap experience.

What Cube does is collect information from a company’s general ledger (think Quickbooks), CRM (say, Salesforce), and HRIS (ADP, perhaps) into a single repository. From there the company’s FP&A denizens can control and sort the data, viewing it using Cube’s own visualization tool, spreadsheets, or web interface.

Once you can see the information in a manner of your choosing, you can get to the real work of FP&A, namely sketching out the future. What is that sketch good for? Providing a company’s leadership with profit and loss forecasting, and other operating details.

In Ross’s conception, FP&A is actually pretty simple. Put away all the numbers, it’s just telling the story of the past, and writing the story of the future for any given company.

It’s a neat problem to solve, and one that Cube can charge handsomely for helping with. Pricing for the company’s service starts at $ 850 per month, and goes up from there (the startup also offers a discounted startup plan).

But don’t worry, Cube isn’t trying to build a slightly better note taking app and then begging people to please, please pay for a pittance for it. The startup wants to build a part of companies’ financial brains. And as its product will sit next to the nexus of spend and cash, the startup is probably right to demand a higher fee than we often see from less mission-critical SaaS products.

Its business-importance and price point, we presume, were part of why Cube didn’t struggle to raise during a pandemic. Based in New York City, the startup intends to triple its staff size in the next year now that it has closed its funding cycle.

Cube’s software isn’t something that I’ll ever use, but I’ve been at a startup at the time when it began to mature its accounting and finance functions. It’s a struggle to just get the numbers in line, let alone get the books so perfect that you can raise your eyes from the fine print to glance at the horizon. If Cube can help more companies do just that, it could do well for itself.

More when Cube shares growth numbers.

Startups – TechCrunch