“2016 was a reminder of how wrathful nature can get if you meddle a lot with it. With more companies promoting natural products, I feel 2017 will be an year of more awareness and adaptability for handmade & products where people buy local and consume local. There will be a slow but steady shift towards non mass produced products with focus on products that are sustainable in nature. The last six months have been good and insightful for us & helped us firm our hypothesis. In the coming year, we wish to grow and at the same time be sustainable and profitable for our customers and partner sellers.”
Ashwani Rathore, Co-Founder & CEO, SpiderG:
“2016 has been quite a dramatic year for the startup industry as a whole. The ecosystem which was lot more conducive to the startup culture in 2015 did not continue as expected. From funding point of view 2016 was a bad year for startups. 2017 is expected to witness a good number of entrepreneurs entering the enterprise space. Government Initiatives like Startup India- Standup India, Introduction of GST could see many startups entering the enterprise space since taxation rules would be a lot easier to understand and incorporate in the application. Due to demonetization and digital India initiative we would see more start-ups coming up with SaaS and FinTech products targeting SMEs. 2017 will see rise of more B2B startups due to its potential of revenue and profit generation. Many tech startups will use web APIs (Application Program Interface) to connect and integrate their product or service with others. 2017 also looks promising for higher penetrations into tier 2 & 3 markets. At SpiderG we are continuously innovating and establishing networks and strengthening our back-end to effectively reach out to these markets.”
About Qtrove.com:
Qtrove is a Bangalore based curated marketplace that exhibits & sells non-mass produced items from small entrepreneurs across the country. With an aim to release the shoppers from the ‘tyranny of choice’, Qtrove selects only the best products from exclusive sellers. From fresh bakery goods to hand made soaps, Qtrove brings only the choosiest products for its customers. These products are unique in nature and are not easily available across the online spectrum. They strictly follow a ‘no discount – no sale’ policy as opposed to the popular business model followed by other big ecommerce players to ensure their vendors get the best deal for their products.
About SpiderG:
SpiderG is a platform to connect SMEs to financial institutions like NBFCs and Banks for funding based on the transaction data generated by SMEs on SpiderG platform. SpiderG is a visibility solution tailor made for working capital management in small and medium enterprises. It acts as an easy book-keeping tool and provides SMEs real time visibility of all the current transactions with their customers and vendors.