Milestones

GITR

Get in the Ring‘ (GITR) Competition is conducted by Netherlands based ‘Get in the Ring Foundation’ which was established in 2012 to reduce the failure of startups globally by connecting startups to hidden opportunities that are usually missed by entrepreneurs.

The third edition of ‘Get in the Ring‘ happened in Hyderabad which witnessed entrepreneurs battling with their competitors while investors and start-up leaders acted as jury members.A total of 24 start-ups participated in the day-long competition held on 6th April at T-HUB, Hyderabad of which six reached the semifinals for a face-off. The top six were Paymatrix, Authbase, Gayam Motor Works, SpotDraft, ATL, NicheAI.

 

Telangana Today - 07 April 2017 - page 12

 

For further information about the Paymatrix and GITR can be explored by visiting www.paymatrix.in and https://getinthering.co/

The author of the content is a technology and startup enthusiast. For feedback on the content, please write back to us at handfulofwonder@gmail.com

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Hyderabad, the city of pearls is in news for various good reasons off-late. For the third year in the row, Hyderabad not only emerged as the best city in terms of living standards among Indian cities globally (Mercer’s Quality of Living rankings 2017) but also is on the way to a make a bigger news. Over the past few years, the city emerged to be one of the hottest innovation hubs, fueling startups through one of its kind initiatives. Driven by a government with progressive outlook and a thriving talent base, the city has set its eyes to be one of the world’s top 10 startup ecosystems in the world. While several stakeholders stand as drivers for this growth , there is one such player that stands out; T-Hub.

T-Hub , a unique public/private partnership between the government of Telangana and 3 of India’s premier academic institutes (IIIT-H, ISB & NALSAR) spearheads the innovation in the startup ecosystem in Hyderabad.The integrated incubator cum world class co-working space stands to be a nodal point attracting the best of the startups, mentors and investors.
One such startup that was nurtured out of this ecosystem to emerge as a one-of-its kind player is Paymatrix. The startup, that sprung out of a personal pain-point of the founding team comprising of graduates from IITs, IIMs, SPJain and BIT, Mesra ( Anusha Kurupathi Parambil,Mukesh chandra Anchuri, Muralidhar Nayak Guguloth). Paymatrix acts as an interface between tenants ,landlords and property managers and streamlines the rental payments and collections by facilitating credit from banks and NBFCs through smart analysis of payment behavior. This startup, often considered to be the first and largest in this Property rent management space, has a plethora of offerings including Renter’s insurance, Tenant Screening services and Digital Rent documentation , all of which makes the interaction between tenant and a landlord hassle-free and transparent.

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While this startup , incubated by T-Hub and NASSCOM 10000 is considered one among the fastest growing in the ecosystem, it added another feather today at HYSEA Design Summit and Awards 2017.
Paymatrix is not only rated among the 10 hottest startups in the Hyderabad ecosystem but also was awarded as winner of the Early stage Consumer startup at the Summit held today at Cybercity Conventions, Hyderabad. The event, attended by the best of the corporate and startup ecosystems in India is has key themes for 2017 to be Imagining Technologies, Digital Economy at X-roads, Designing the future and Weaving innovation into the mainstream.
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About HYSEA:
HYSEA ,considered among a key industry body, serves as a platform for its member IT majors and companies to interact with the government as well as compete in the global market. HYSEA also helps the government in formulating industry-friendly policies by providing incentives, concessions and support for foreign investors and entrepreneurs. Finally, it seeks to promote and encourage its member companies by instituting awards for various categories.
Further information about the Paymatrix and HYSEA can be explored by visiting www.paymatrix.in and www.hysea.in
The author of the content is a technology and startup enthusiast. For feedback on the content, please write back to us at handfulofwonder@gmail.com
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Paymatrix is among the 125 startups that participated in the one-minute pitch competition at August Fest. The event is one of the Largest Startup Festivals that Celebrates Arts and Entrepreneurship in Asia and hosted 4200 people from 40 cities and 10 countries last year. The 4th edition of August Fest was hosted at JRC Conventions & Trade Fairs, Hyderabad, Telangana, India on 3rd and 4th September. The fest was expected to have attracted more than 12000 startup enthusiasts ,100+ amazing speakers and 300+ investors and accelerator representatives.

The two-day event involved some exciting workshops on design thinking, growth hacking, branding hacks, Investor readiness, Content marketing and People management. The event also hosted an expo wherein several startups can showcase and beta-test their product offerings.

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IDG Ventures India (IDGVI) launches the ‘Software Innovators Program 2016’ that aims to identify and reach out to disruptive startups across the software products space. The program seeks to discover disruptive software product companies from India, with a potential to build a global foot print in the machine learning, artificial intelligence, SaaS, fintech and security areas amongst others. Paymatrix has been shortlisted for the final round, wherein they are to present the pitch to the senior team members.

IDGVI is a leading VC firm in India, that is often counted to be a prolific, early-stage backer of technology startups in India. With a portfolio of over 50 companies, including well-known brands like Myntra, Newgen, Lenskart, Manthan, Fintellix, NestAway, Unbxd and Uniphore, the firm is one of the key participant in the startup story of India. IDGVI has invested in 23 startups, and was the most active VC in the country in terms of the number of deals participated in 2015.

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Paymatrix is selected among the 10 finalists for the ATA Business Idea Competition to be held at Rosemont Convention Centre, Chicago on 3rd July, 2016. The business idea competition curated 10 promising business ideas after due evaluation of several startups in India and US. The competition aims to provide a platform to promote innovative business ideas from youth and encourage entrepreneurship. The conference is designed to connect young entrepreneurs, small and medium business owners, and recent graduates to present their vision and entrepreneurial skills to potential investors, venture capitalists and experienced professionals in the realms of IT, medicine, science, finance, and education.

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The invitee list for the conference includes prominent personalities from business, politics, literature and film industry such as Mallikarjun Rao Grandhi (Chairman, GMR Group), Prof. V S Rao (Acting Vice Chancellor, BITS Pilani), Muppavarapu Venkaiah Naidu (Minister -Parliamentary Affairs, Urban Development) and BVR Mohan Reddy (Chairman, NASSCOM).

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Paymatrix is among the startups shortlisted for the finals of HYSEA summit & Awards 2016. As part of the same, Paymatrix is among the few startups provided with a pavilion at the convention to exhibit the product/service to the grand jury. The finals are to be held on 31st March at Hyderabad International Convention Centre, Novotel. The theme of HYSEA summit & Awards 2016 has been to showcase city’s promising startups and tag the trendsetters with product/service awards. The program is further designed to enrich the visitor experience with a series of design talks, industry key notes from dignitaries and design workshops. The summit is said to attract the who’s who of the industry with speakers from various realms of life. Some of them include Amitabh Kant (CEO, NITI Aayog), Manoj Sharma (CEO, Quikr), Natarajan Ranganathan (MD and CFO, Helion),BVR Mohan Reddy(Founder -CYIENT Ltd and Chairman-NASSCOM),Rajendra Singh pawar (Chairman and MD,NIIT technologies), Lalit Mangal (Co-founder, Common Floor), Sudharak Olwe (Photographer and Padmashree award winner) and the popular percussionist Drummer Siva Mani.

HYSEA (Hyderabad Software Enterprises Association) is a registered apex body formed to represent the software industry in Hyderabad. Formed in 1991, HYSEA engages in seeking solutions for the problems of software companies and works closely with government on policy formulation and implementation

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Property rental management platform Paymatrix has been selected to the reputed NASSCOM 10000 startup program. Identifying the role, technology can play in the revolutionizing the property rent management space, the program identified Paymatrix to be a game changer influencing how rent is paid and collected in India. “10,000 Startups” is a NASSCOM’S initiative incorporated to incubate, fund and provide ambient support to hatchling startups and propel them into the league of full-fledged technology stalwart companies. The program supports the startups by giving them support via access to startup incubators, accelerators, angel investors, venture capitalists, mentors, and technology corporations. Startups selected to be a part of the program also receives an INR 10 lakhs startup kit, fully loaded, with enormously useful and tech-savvy business tools from Microsoft, AWS and Google.

NASSCOM (National Association of Software and Services Companies) is a trade body representing the Indian IT and BPO industries. With over 2000 member companies from the verticals of software development, services, process outsourcing and e-commerce the association plays a key role in the advancement of software technologies. It also works towards improvement of service quality and enforcement of Intellectual Property Rights in the Indian software and BPO industries.

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Paymatrix, the Hyderabad-based property rent management platform has been inducted into the Lab-32 Incubation program of T-HUB. With this, Paymatrix now stands among the twelve carefully selected promising startups, identified by the incubator to be ready for the next wave of growth. As part of the incubation, T-HUB shall facilitate mentoring of these startups by industry leaders, offer them the much needed leverage in negotiations with service providers, provide them media exposure and enable access to funding by interactions with seed funds and venture capitalists. Lab-32 program envisions to act as a Launchpad for startups in advanced growth stage among the 180 startups operating at the T-Hub’s incubation centre at Hyderabad.

T-HUB is a unique public/private partnership between the government of Telangana, 3 of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders. It stands at the intersection of the startup, academic, corporate, research and government sectors. Designed for technology-related startups, and mission to catalyse the creation of one of the most vibrant entrepreneur communities in the world, the foundation operates a state-of-the-art 70,000 square foot building called CatalysT, the largest building in India to be entirely dedicated to entrepreneurship