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Innovations

Startup innovations have redefined the way, business is done

Entrepreneurship - A blog  ››   Innovations

20 blogs
  • 18 Jul 2017
    Ten years ago no one would have thought that the taxi business might replace public transport. This is something that is not only becoming a reality with the help of apps like Uber and Ola, who offer car-pooling, but in fact this might even be the cheaper mode of transport. In the past one week, Uber has come up with a 100 rupee pass for up to 12 kilometers in a sedan. This means that it will cost four people twenty-five rupees each to travel twelve kilometers in an AC car.   Traveling back from work in an AC car was a luxury that only few could afford just a while back. Today it is something that happens on the regular, and according to Niti Aayog, it is a market that has not been capitalized fully as of now. According to their suggestions, private cars should be allowed to offer carpooling and ride-share services in order to make the medium even more cost-effective and efficient.   How this would work is that, a person who is driving his private car back from work could choose to offer a carpool option to people in the locality that are going back to the same area. This would make the system cost effective and efficient as the number of cars offering these services would increase. Additionally, car owners could earn back the cost of driving to work, and maybe even make a small profit every day, just by offering these services to and from work. As is obvious, there would be many advantages if this system falls through, as the amount of traffic would drastically reduce. In addition to that, public transport would be much less crowded, car owners would only take their cars out in case of a necessity and people would be able to travel in a time-efficient way. These appear to solve a lot of problems faced by the common man in India with rising traffic and cost of traveling.   Niti Aayog, which is chaired by Narendra Modi, has partnered with ride-sharing companies such as Uber to assess the impact of this move, both economically and environmentally. However, there are some challenges that would be faced before this becomes a reality. The transport ministry is not in favor of this move as they feel that this would eliminate the concept of taxis. In addition of that, they feel that this move would jeopardize the jobs of the 5 million taxi drivers in India. Commercial vehicles have certain provisions in place such as, higher duties, insurance premium, permit charges etc. that insure the safety of the riders. All this would be absent in case of privately owned cars and there would be ambiguity in the regulatory framework. Official have been quoted as saying that, ‘despite the convenience, various legal aspects have to be kept in mind.’   In my opinion it is only a matter of time before private car-pooling becomes real, as this is something that is already seen in developed countries such as Canada and the US. In these places, people have seen prices of travel go down by more than half when compared to buses. This is a concept that can be a game changer when it comes to a country like India. We are a developing country that needs to develop better connectivity between cities, towns and villages all over the country. Right now we are talking about car-pooling between work and home. In no time we will be talking about it when it comes to traveling hundreds of kilometers.   The world is ever-changing, with things that were not even dreamed of, becoming a reality today. Humans have always adapted in order to escape disaster, and car-pooling might be a small step in the direction of saving fossil fuels. This is not to say that people will stop taking their cars to work completely, but with people getting more educated by the minute, we can rest assured that they will realize the benefits to this and utilize this services to its full potential. 
    1163 Posted by Ruhaan Dev Tyagi
  • Ten years ago no one would have thought that the taxi business might replace public transport. This is something that is not only becoming a reality with the help of apps like Uber and Ola, who offer car-pooling, but in fact this might even be the cheaper mode of transport. In the past one week, Uber has come up with a 100 rupee pass for up to 12 kilometers in a sedan. This means that it will cost four people twenty-five rupees each to travel twelve kilometers in an AC car.   Traveling back from work in an AC car was a luxury that only few could afford just a while back. Today it is something that happens on the regular, and according to Niti Aayog, it is a market that has not been capitalized fully as of now. According to their suggestions, private cars should be allowed to offer carpooling and ride-share services in order to make the medium even more cost-effective and efficient.   How this would work is that, a person who is driving his private car back from work could choose to offer a carpool option to people in the locality that are going back to the same area. This would make the system cost effective and efficient as the number of cars offering these services would increase. Additionally, car owners could earn back the cost of driving to work, and maybe even make a small profit every day, just by offering these services to and from work. As is obvious, there would be many advantages if this system falls through, as the amount of traffic would drastically reduce. In addition to that, public transport would be much less crowded, car owners would only take their cars out in case of a necessity and people would be able to travel in a time-efficient way. These appear to solve a lot of problems faced by the common man in India with rising traffic and cost of traveling.   Niti Aayog, which is chaired by Narendra Modi, has partnered with ride-sharing companies such as Uber to assess the impact of this move, both economically and environmentally. However, there are some challenges that would be faced before this becomes a reality. The transport ministry is not in favor of this move as they feel that this would eliminate the concept of taxis. In addition of that, they feel that this move would jeopardize the jobs of the 5 million taxi drivers in India. Commercial vehicles have certain provisions in place such as, higher duties, insurance premium, permit charges etc. that insure the safety of the riders. All this would be absent in case of privately owned cars and there would be ambiguity in the regulatory framework. Official have been quoted as saying that, ‘despite the convenience, various legal aspects have to be kept in mind.’   In my opinion it is only a matter of time before private car-pooling becomes real, as this is something that is already seen in developed countries such as Canada and the US. In these places, people have seen prices of travel go down by more than half when compared to buses. This is a concept that can be a game changer when it comes to a country like India. We are a developing country that needs to develop better connectivity between cities, towns and villages all over the country. Right now we are talking about car-pooling between work and home. In no time we will be talking about it when it comes to traveling hundreds of kilometers.   The world is ever-changing, with things that were not even dreamed of, becoming a reality today. Humans have always adapted in order to escape disaster, and car-pooling might be a small step in the direction of saving fossil fuels. This is not to say that people will stop taking their cars to work completely, but with people getting more educated by the minute, we can rest assured that they will realize the benefits to this and utilize this services to its full potential. 
    Jul 18, 2017 1163
  • 06 Jul 2017
    Working capital is a fund which is required by business organisations to run their day to day activities. Banks and financial institutions provide loans to businesses to fulfil their requirement of working capital. This is done on the basis of their performance, credit rating and overall predictability of the business organisation. Given the situation of the current Indian market, a well thought and intelligent idea can turn into a great business model. Hence, to promote SMEs to start implementing new business ideas in India, the government has initiated different incentives. Over 30 million SMEs have been started in India over the last decade. However, some of these businesses are slowing down due to shortage of working capital fund. This is because of the lack of trust that the banks or financial institutions place in the companies, along with a complicated and long process of fund approval system in financial institutions. In order to make lending of funds to SMEs more convenient, Gaurav Hinduja and Shashank Rishyasringa have come up with the Capital Float company. They started in 2013 in Bangalore and are working in the digital finance sector. “We felt that it was the right time to get in, because India is going to look a lot like the US in five years. In the US, you see a lot of businesses doing digital lending because the infrastructure is present,” says Sashank, co-founder of Capital Float. The founder of Capital Float Gaurav Hinduja and Sashank Rishyasringaadd are of the opinion that smartphones have made it easy for people to apply for loans. This is because they can have their creditworthiness analysed within minutes and so a loan can now be approved and disbursed within the hour. Capital Float is an online platform that provides working capital finance to SMEs and start-ups in India and offer flexible, short term loans that can be used to purchase inventory, service new orders or optimize cash cycles. With the help of this company, borrowers can apply online in minutes, select desired payment terms and receive funds in their bank account in 3 days with minimal hassle. Capital Float is the trade name of ZEN LEFIN PVT LTd, a non banking finance company (NBFC) registered with the RBI. Capital Float is backed by George Soros’s Aspada Investment company, SAIF partners and Sequoia Capital. It has raised more than $80 million in debt and equity. The company has raised USD $ 13 Million in Series A- funding, USD $ 25 Million in series-B funding, led by creation investment Capital management LLC. The Capital Float venture, since inception, has partnered with companies across verticals, having forged partnerships with E-commerce websites, payment gateways, cab service such as Snapdeal, PayTM, Shopclues, eBay, Alibaba, Amazon, VIA, Yatra, Mswipe, Pine Labs, Bijlipay, ICICI Merchant Services, and UBER. The company is engaged with small business, E-commerce merchants, manufacturers and early stage business to business service providers across India. Capital Float Company has two types of products that can be used to purchase inventory and service new orders. For inventory based players like Myntra and Zovi, they underwrite receivables and for inventory purchase, they provide 60, 90 or 120 days of working capital loans. As additional working capital loan helps vendors to expand horizontally and give equal weightage to all E-commerce sites. Capital Float has come with innovative products such as ‘Pay Later’, which gives loans to retailers against data on PoS machines. Capital Float, which primarily handles E-commerce finance, has seen 8x times growth in 2016. So far, Company has disbursed almost INR 150 crores in 2015. It disbursed almost INR 1000 crores to over 1,000 customers in 40 cities across the country within 10 months from April 2016 to January 2017. For the current year, the company has disbursed around INR 1500 crores with an interest rate between 16-20 percent. This depends on the risk assessment of the individual. The team also takes on a fee income, which is one to two percent on processing a loan. Capital Float Venture is offering short term loans in the range of INR 25,000 and INR 30 millions. The company is offering time duration for disbursing large ticket size loan is three days whereas for small ticket loans a little as 90 seconds. As per Gaurav Hinduja, he is expecting 500% rise in disbursals of all his products by increasing the customer base by 600%. Total loan disbursals of the company’s products in the market rose steeply with Pay Later and unsecured business loan being the top performing products with 140% and 300% growth respectively over 2015. Company having lent to 7000 borrowers in 2016-17, Capital Float is aiming to finance 20,000 of them in the next one year, including 10,000 kirana stores, with about 60% of its total borrowers coming from outside metro cities.
    702 Posted by Mahesh Rathi
  • Working capital is a fund which is required by business organisations to run their day to day activities. Banks and financial institutions provide loans to businesses to fulfil their requirement of working capital. This is done on the basis of their performance, credit rating and overall predictability of the business organisation. Given the situation of the current Indian market, a well thought and intelligent idea can turn into a great business model. Hence, to promote SMEs to start implementing new business ideas in India, the government has initiated different incentives. Over 30 million SMEs have been started in India over the last decade. However, some of these businesses are slowing down due to shortage of working capital fund. This is because of the lack of trust that the banks or financial institutions place in the companies, along with a complicated and long process of fund approval system in financial institutions. In order to make lending of funds to SMEs more convenient, Gaurav Hinduja and Shashank Rishyasringa have come up with the Capital Float company. They started in 2013 in Bangalore and are working in the digital finance sector. “We felt that it was the right time to get in, because India is going to look a lot like the US in five years. In the US, you see a lot of businesses doing digital lending because the infrastructure is present,” says Sashank, co-founder of Capital Float. The founder of Capital Float Gaurav Hinduja and Sashank Rishyasringaadd are of the opinion that smartphones have made it easy for people to apply for loans. This is because they can have their creditworthiness analysed within minutes and so a loan can now be approved and disbursed within the hour. Capital Float is an online platform that provides working capital finance to SMEs and start-ups in India and offer flexible, short term loans that can be used to purchase inventory, service new orders or optimize cash cycles. With the help of this company, borrowers can apply online in minutes, select desired payment terms and receive funds in their bank account in 3 days with minimal hassle. Capital Float is the trade name of ZEN LEFIN PVT LTd, a non banking finance company (NBFC) registered with the RBI. Capital Float is backed by George Soros’s Aspada Investment company, SAIF partners and Sequoia Capital. It has raised more than $80 million in debt and equity. The company has raised USD $ 13 Million in Series A- funding, USD $ 25 Million in series-B funding, led by creation investment Capital management LLC. The Capital Float venture, since inception, has partnered with companies across verticals, having forged partnerships with E-commerce websites, payment gateways, cab service such as Snapdeal, PayTM, Shopclues, eBay, Alibaba, Amazon, VIA, Yatra, Mswipe, Pine Labs, Bijlipay, ICICI Merchant Services, and UBER. The company is engaged with small business, E-commerce merchants, manufacturers and early stage business to business service providers across India. Capital Float Company has two types of products that can be used to purchase inventory and service new orders. For inventory based players like Myntra and Zovi, they underwrite receivables and for inventory purchase, they provide 60, 90 or 120 days of working capital loans. As additional working capital loan helps vendors to expand horizontally and give equal weightage to all E-commerce sites. Capital Float has come with innovative products such as ‘Pay Later’, which gives loans to retailers against data on PoS machines. Capital Float, which primarily handles E-commerce finance, has seen 8x times growth in 2016. So far, Company has disbursed almost INR 150 crores in 2015. It disbursed almost INR 1000 crores to over 1,000 customers in 40 cities across the country within 10 months from April 2016 to January 2017. For the current year, the company has disbursed around INR 1500 crores with an interest rate between 16-20 percent. This depends on the risk assessment of the individual. The team also takes on a fee income, which is one to two percent on processing a loan. Capital Float Venture is offering short term loans in the range of INR 25,000 and INR 30 millions. The company is offering time duration for disbursing large ticket size loan is three days whereas for small ticket loans a little as 90 seconds. As per Gaurav Hinduja, he is expecting 500% rise in disbursals of all his products by increasing the customer base by 600%. Total loan disbursals of the company’s products in the market rose steeply with Pay Later and unsecured business loan being the top performing products with 140% and 300% growth respectively over 2015. Company having lent to 7000 borrowers in 2016-17, Capital Float is aiming to finance 20,000 of them in the next one year, including 10,000 kirana stores, with about 60% of its total borrowers coming from outside metro cities.
    Jul 06, 2017 702
  • 06 Jul 2017
    India is famous for its diversity in culture, customs, language and food. In India most people prefer to eat homemade food. With more and more women working full-time jobs, Indian households are struggling to eat fresh and healthy food on a regular basis. You have to compromise either on the food or one of the adults has to push themselves to cook. Here, Mr Mustafa has come up with a business idea to complement the efforts of the Indian households to cook food, with ready to cook batter of Idli /Dosa. With this iD food company, it is possible to get fresh and best quality ready to cook batter at your convenience. In 2006, Mr. P.C Musthafa, an IIM-B student, started this business with his four brothers in Bangalore. He saw opportunity in Bangalore as in Bangalore, people consumes more than 10 million idlis every day in households and hotels. To serve them with ready to cook and best quality batter, Mr Musthafa came up with a system to manufacture batter and also for the packaging. The motto of the company has been very clear; to provide hygienic and convenient batter to Indian households. iD fresh opened up a larger factory, with a vision of building a food company that made preservative-free food that can be cooked at home. Now, there are more than 65,000 retail stores across the 14 cities of which about 12,000 have refrigeration. This is where iD fresh distribute the batter on a daily basis to its customers. To expand business in India, the company raised funds of INR 35 crores from venture partners in 2014. With this capital it opened up seven factories and eight offices. Now the company is manufacturing more than 50,000 kgs of idlis/dosas batter per day which is equivalent to millions of idlis. The company is also expanding the business by introducing Malabar Parontha and Chutney which is get very popular in Bangalore. Looking to expand its business, the company has now started produing batter for other food items such as, Vadas. They also include a spout in order to prevent the shape of the Vada from getting messed up and to obtain its perfect round shape. They are also planning to launch ragi dosa batter and it is projected that company will successfully cross its turnover by 200 crores in this year.
    460 Posted by Mahesh Rathi
  • India is famous for its diversity in culture, customs, language and food. In India most people prefer to eat homemade food. With more and more women working full-time jobs, Indian households are struggling to eat fresh and healthy food on a regular basis. You have to compromise either on the food or one of the adults has to push themselves to cook. Here, Mr Mustafa has come up with a business idea to complement the efforts of the Indian households to cook food, with ready to cook batter of Idli /Dosa. With this iD food company, it is possible to get fresh and best quality ready to cook batter at your convenience. In 2006, Mr. P.C Musthafa, an IIM-B student, started this business with his four brothers in Bangalore. He saw opportunity in Bangalore as in Bangalore, people consumes more than 10 million idlis every day in households and hotels. To serve them with ready to cook and best quality batter, Mr Musthafa came up with a system to manufacture batter and also for the packaging. The motto of the company has been very clear; to provide hygienic and convenient batter to Indian households. iD fresh opened up a larger factory, with a vision of building a food company that made preservative-free food that can be cooked at home. Now, there are more than 65,000 retail stores across the 14 cities of which about 12,000 have refrigeration. This is where iD fresh distribute the batter on a daily basis to its customers. To expand business in India, the company raised funds of INR 35 crores from venture partners in 2014. With this capital it opened up seven factories and eight offices. Now the company is manufacturing more than 50,000 kgs of idlis/dosas batter per day which is equivalent to millions of idlis. The company is also expanding the business by introducing Malabar Parontha and Chutney which is get very popular in Bangalore. Looking to expand its business, the company has now started produing batter for other food items such as, Vadas. They also include a spout in order to prevent the shape of the Vada from getting messed up and to obtain its perfect round shape. They are also planning to launch ragi dosa batter and it is projected that company will successfully cross its turnover by 200 crores in this year.
    Jul 06, 2017 460
  • 06 Jul 2017
    Are you hungry and want to order tasty homemade food? Will you like to have a fresh and hot meal for today’s lunch?  FreshMenu is an online food delivery venture that provides a solution for all the questions above. Many new players are entering into the food delivery market to serve people as the online food delivery industry has grown drastically over the last few years. Some notable members of this industry are Foodpanda, Swiggy, Zomato, etc. Freshmenu is a start-up founded by Rashmi Daga, an alumna of IIM-A in 2014. FreshMenu prepares meals and delivers from its own kitchen facilities. Freshmenu is a start-up in the online food delivery sector, which falls under the full stack food business model. This means that FreshMenu prepares food in house and have their own delivery fleet. In this model, a company can ensure the quality of food which they are delivering to the customers. FreshMenu function on a cloud kitchen model which is broadly identified as a mini-kitchen that caters only to online food delivery and does not offer dine in or take out. FreshMenu has 17 operating kitchens in Bangalore - Sarjapur, Whitefield, Marathahalli, Koramangala, Bellandur, Richmond Town, Indiranagar, JP Nagar, Hennur, BTM layout. According to concept of cloud kitchen, customer will be served by the nearest kitchen which in turn ensures the quality and freshness of the meal. FreshMenu is the fourth largest company in this sector with total revenues of INR 31.7 crores in the year 2016-17, up from INR 84 lakhs in the previous financial year. However, the losses too increased from INR 2.31 crore in financial year 2015-16 to INR 33.8 crores in financial year 2016-17. FreshMenu is owned and operated by Food Vista India Pvt. Ltd. FreshMenu started in Bangalore and now the company has expanded business and its services to Mumbai and Delhi-NCR. Company has raised almost $ 22 million from investors including Zodius Technology Fund, Lightspeed Ventures Partners and Growth story. As per latest interview of Rashmi, FreshMenu will be net profitable within the next 12 months, as they are opening up even more kitchens and plan to expand services. Rashmi is planning to open almost 80 more kitchens by the end of next 2 years. Now, Fresh menu has almost 26 kitchens in three cities i.e, Delhi, Mumbai and Bangalore.  
    424 Posted by Mahesh Rathi
  • Are you hungry and want to order tasty homemade food? Will you like to have a fresh and hot meal for today’s lunch?  FreshMenu is an online food delivery venture that provides a solution for all the questions above. Many new players are entering into the food delivery market to serve people as the online food delivery industry has grown drastically over the last few years. Some notable members of this industry are Foodpanda, Swiggy, Zomato, etc. Freshmenu is a start-up founded by Rashmi Daga, an alumna of IIM-A in 2014. FreshMenu prepares meals and delivers from its own kitchen facilities. Freshmenu is a start-up in the online food delivery sector, which falls under the full stack food business model. This means that FreshMenu prepares food in house and have their own delivery fleet. In this model, a company can ensure the quality of food which they are delivering to the customers. FreshMenu function on a cloud kitchen model which is broadly identified as a mini-kitchen that caters only to online food delivery and does not offer dine in or take out. FreshMenu has 17 operating kitchens in Bangalore - Sarjapur, Whitefield, Marathahalli, Koramangala, Bellandur, Richmond Town, Indiranagar, JP Nagar, Hennur, BTM layout. According to concept of cloud kitchen, customer will be served by the nearest kitchen which in turn ensures the quality and freshness of the meal. FreshMenu is the fourth largest company in this sector with total revenues of INR 31.7 crores in the year 2016-17, up from INR 84 lakhs in the previous financial year. However, the losses too increased from INR 2.31 crore in financial year 2015-16 to INR 33.8 crores in financial year 2016-17. FreshMenu is owned and operated by Food Vista India Pvt. Ltd. FreshMenu started in Bangalore and now the company has expanded business and its services to Mumbai and Delhi-NCR. Company has raised almost $ 22 million from investors including Zodius Technology Fund, Lightspeed Ventures Partners and Growth story. As per latest interview of Rashmi, FreshMenu will be net profitable within the next 12 months, as they are opening up even more kitchens and plan to expand services. Rashmi is planning to open almost 80 more kitchens by the end of next 2 years. Now, Fresh menu has almost 26 kitchens in three cities i.e, Delhi, Mumbai and Bangalore.  
    Jul 06, 2017 424
  • 05 Jul 2017
    India is evolving into a hub of businesses and different business ideas.  Nowadays, many students are coming up with new and unique business ideas, many of which are converted into startups. Digitization of businesses also provides a platform for these startups to blossom. FreshToHome is one of the companies which came into picture with the new and innovative idea of online fish venture. Mathew Joseph, co-founder of FreshToHome had started his business with the name: SeaToHome Company in 2012. He exported fish from Cochin to Delhi and Bangalore. SeaToHome venture was probably one of India’s first ventures in the food space which provided fresh fish to the consumer at their very doorstep. However, not being a consumer player and other limitations made it very difficult for Mr. Mathew to scale and succeed in the market. Statistics of Indian Fisheries Ministry evaluated the fish industry in India to be worth $50 billion .This number further increases for the entire meat industry. Looking for an opportunity to enter the fresh meat market, Mr Shan, a former Zynga Country Manager and Founder and CEO of Dbaux, convinced Mr. Mathew to come aboard as co-founder. They expanded their line of business from just fish to meat and also changed the company’s name from SeaToHome into FreshToHome. They also put together a new team consisting of former Zynga employees, advisors and executives.- BM Tambakad, Suresh Parameshwaran, Jayesh Jose, Nikamal Malakar and Prashun Purkayastha. FreshToHome has implemented a very interesting idea in their website. They explain to us the entire process of the meat industry, with pictures. According to them, fisherman spend anywhere between three weeks to three months at sea. As you probably guessed already, the fish is stale by the time it reaches the shore. Fishermen either freeze the fish or use chemicals such as ammonia, chlorine or even formalin in order to preserve the fish they catch. These chemicals are harmful in the long run and can even cause food poisoning. This fish is then transported to cities such as Delhi, Bangalore etc where we consume them approximately 3 months after they are caught. All this might compel you to stop consuming meat entirely, but this is where FreshToHome steps in. They guarantee that the meat they provide will be chemical and antibiotic free. They deal with the fishermen and ranchers directly, maintaining a constant supply of meat. Hence they bridge the gap between the suppliers and consumers through their technology, inherently reducing the time taken for the meat to reach the consumer.   “In today’s fast-paced lifestyle, it is important for one to understand and consume fresh and chemical-free food. At Fresh to Home, we take great pride in enabling a first of its kind market place for fish & meat, which will ensure direct procurement from the fishermen or farmers without any middlemen in between. We are not Hyper Local but Hyper Fresh as we provide the freshest of fresh food to you straight from the source” said Shan Kadavil, CEO of FreshToHome.   Now FreshToHome is operating in Bangalore, Cochin, Trivandrum and Delhi. It was launched in Bangalore in March 2016 and is doubling sales every three months. Mr. Kadavil, is looking to expand his business to 20 cities in 2017. Currently, the company has more than 80,000 customers in Kochi, Thiruvanathapuran, Bangalore, Mysore and Delhi, with this number steadily on the rise. Two out of three are repeat customers of FreshToHome. The company, which clocks in 3 tons of produce per day has seen 65% month on month customer retentions. The company is working with 10000+ fishermen to supply the fresh fish to the customers. FreshToHome’s main competitor has been the other big player in the market, The Bigbasket, an online grocery store. There are other competing players like Easy-Meat, Zappfresh and Licious, as they also offer fresh meat. The company has angel investment from Mark Pincus, founder of gaming company Zynga, and Google Ventures CEO, David Krane. As per statistics, the company has achieved the fastest zero to $5 million revenue in the E-commerce sector in India in such short span of time. As per siteworthtrafic.com, the FreshToHome website is currently valued at USD $5,811 and reaches roughly 1,773 unique users each day. These users generate 7,960 daily views, with a revenue (from advertisements) of approximately USD $8 per day.
    630 Posted by Mahesh Rathi
  • India is evolving into a hub of businesses and different business ideas.  Nowadays, many students are coming up with new and unique business ideas, many of which are converted into startups. Digitization of businesses also provides a platform for these startups to blossom. FreshToHome is one of the companies which came into picture with the new and innovative idea of online fish venture. Mathew Joseph, co-founder of FreshToHome had started his business with the name: SeaToHome Company in 2012. He exported fish from Cochin to Delhi and Bangalore. SeaToHome venture was probably one of India’s first ventures in the food space which provided fresh fish to the consumer at their very doorstep. However, not being a consumer player and other limitations made it very difficult for Mr. Mathew to scale and succeed in the market. Statistics of Indian Fisheries Ministry evaluated the fish industry in India to be worth $50 billion .This number further increases for the entire meat industry. Looking for an opportunity to enter the fresh meat market, Mr Shan, a former Zynga Country Manager and Founder and CEO of Dbaux, convinced Mr. Mathew to come aboard as co-founder. They expanded their line of business from just fish to meat and also changed the company’s name from SeaToHome into FreshToHome. They also put together a new team consisting of former Zynga employees, advisors and executives.- BM Tambakad, Suresh Parameshwaran, Jayesh Jose, Nikamal Malakar and Prashun Purkayastha. FreshToHome has implemented a very interesting idea in their website. They explain to us the entire process of the meat industry, with pictures. According to them, fisherman spend anywhere between three weeks to three months at sea. As you probably guessed already, the fish is stale by the time it reaches the shore. Fishermen either freeze the fish or use chemicals such as ammonia, chlorine or even formalin in order to preserve the fish they catch. These chemicals are harmful in the long run and can even cause food poisoning. This fish is then transported to cities such as Delhi, Bangalore etc where we consume them approximately 3 months after they are caught. All this might compel you to stop consuming meat entirely, but this is where FreshToHome steps in. They guarantee that the meat they provide will be chemical and antibiotic free. They deal with the fishermen and ranchers directly, maintaining a constant supply of meat. Hence they bridge the gap between the suppliers and consumers through their technology, inherently reducing the time taken for the meat to reach the consumer.   “In today’s fast-paced lifestyle, it is important for one to understand and consume fresh and chemical-free food. At Fresh to Home, we take great pride in enabling a first of its kind market place for fish & meat, which will ensure direct procurement from the fishermen or farmers without any middlemen in between. We are not Hyper Local but Hyper Fresh as we provide the freshest of fresh food to you straight from the source” said Shan Kadavil, CEO of FreshToHome.   Now FreshToHome is operating in Bangalore, Cochin, Trivandrum and Delhi. It was launched in Bangalore in March 2016 and is doubling sales every three months. Mr. Kadavil, is looking to expand his business to 20 cities in 2017. Currently, the company has more than 80,000 customers in Kochi, Thiruvanathapuran, Bangalore, Mysore and Delhi, with this number steadily on the rise. Two out of three are repeat customers of FreshToHome. The company, which clocks in 3 tons of produce per day has seen 65% month on month customer retentions. The company is working with 10000+ fishermen to supply the fresh fish to the customers. FreshToHome’s main competitor has been the other big player in the market, The Bigbasket, an online grocery store. There are other competing players like Easy-Meat, Zappfresh and Licious, as they also offer fresh meat. The company has angel investment from Mark Pincus, founder of gaming company Zynga, and Google Ventures CEO, David Krane. As per statistics, the company has achieved the fastest zero to $5 million revenue in the E-commerce sector in India in such short span of time. As per siteworthtrafic.com, the FreshToHome website is currently valued at USD $5,811 and reaches roughly 1,773 unique users each day. These users generate 7,960 daily views, with a revenue (from advertisements) of approximately USD $8 per day.
    Jul 05, 2017 630
  • 05 Jul 2017
    In the modern era, all enterprises require an elaborate business model in order to succeed in the market and deliver on their promises. One such business is Instacart, an on-demand grocery delivery platform. It caters to the needs of people in most of the major cities in the US and was founded by Apoorva Mehta (CEO / Founder) and Max Mullen (Co-Founder). Instacart is valued at $3.4 billion and has received over $400 million in investment as of July, 2017. With their headquarters located in San Francisco, California, they are right in the midst of the Silicon Valley, the innovation hub of the world.   One of the things that set this company apart from its competitors is the fact that they guarantee delivery within the hour. This is an obvious advantage over other such companies and a convenience that the customers surely enjoy. We can see that Instacart has built itself quite the reputation given the amount of funding it has received from its investors. Instacart is available in major cities of the USA including SF Bay Area, San Jose, NYC, Brooklyn, Washington DC, Philadelphia, Boston, Chicago, Austin, Seattle and Los Angeles.   Instacart allows you to choose from over 3,000,000 items and that too from a store or chain of your preference. The way this works is that Instacart partners with supermarkets in order to create its inventory and then hires its own runners in order to ensure swift delivery. You can order from your phone on your way back from work, or via your laptop as per your convenience. The runners receive the order on their smartphones and they then proceed to collect all the goods from the required supermarket. This system works efficiently as the runners are incentivized with tips that they receive at the time of delivery.    You can order anytime you want using this service and at $150 per year you can get the Instacart express membership. Having this membership makes you eligible for free delivery for the year and groceries right at your doorstep.    MAJOR COMPETITORS FOR INSTACART Instacart is not without its fair share of competitors and given below is a list stating a few: Amazon Prime Google Express Walmart Target Shipt Postmates CVS Walgreens   The current number of followers of Instacart  is 422,488 on facebook and 15350 on Twitter. Instacart also has a 4.7 star rating in the Google Playstore.  
    521 Posted by Amrutha M S
  • In the modern era, all enterprises require an elaborate business model in order to succeed in the market and deliver on their promises. One such business is Instacart, an on-demand grocery delivery platform. It caters to the needs of people in most of the major cities in the US and was founded by Apoorva Mehta (CEO / Founder) and Max Mullen (Co-Founder). Instacart is valued at $3.4 billion and has received over $400 million in investment as of July, 2017. With their headquarters located in San Francisco, California, they are right in the midst of the Silicon Valley, the innovation hub of the world.   One of the things that set this company apart from its competitors is the fact that they guarantee delivery within the hour. This is an obvious advantage over other such companies and a convenience that the customers surely enjoy. We can see that Instacart has built itself quite the reputation given the amount of funding it has received from its investors. Instacart is available in major cities of the USA including SF Bay Area, San Jose, NYC, Brooklyn, Washington DC, Philadelphia, Boston, Chicago, Austin, Seattle and Los Angeles.   Instacart allows you to choose from over 3,000,000 items and that too from a store or chain of your preference. The way this works is that Instacart partners with supermarkets in order to create its inventory and then hires its own runners in order to ensure swift delivery. You can order from your phone on your way back from work, or via your laptop as per your convenience. The runners receive the order on their smartphones and they then proceed to collect all the goods from the required supermarket. This system works efficiently as the runners are incentivized with tips that they receive at the time of delivery.    You can order anytime you want using this service and at $150 per year you can get the Instacart express membership. Having this membership makes you eligible for free delivery for the year and groceries right at your doorstep.    MAJOR COMPETITORS FOR INSTACART Instacart is not without its fair share of competitors and given below is a list stating a few: Amazon Prime Google Express Walmart Target Shipt Postmates CVS Walgreens   The current number of followers of Instacart  is 422,488 on facebook and 15350 on Twitter. Instacart also has a 4.7 star rating in the Google Playstore.  
    Jul 05, 2017 521
  • 05 Jul 2017
    FlipClass is a platform that was designed to address the immediate need of increasing the visibility of qualified affordable tutors to parents. flipClass was founded by Vineet Dwivedi, a serial entrepreneur from India. The main need for such a startup was the unavailability of professional tutors who could carry out their task in an efficient manner. Tutors must have qualities such as communication skills, knowledge of the subject, approachability along with being able to make the subject matter interesting for the student. After months of searching, frustration and the desire to help people in need, Mr Dwivedi started flipClass.   Vineet started flipClass with the sole objective of providing a more professional approach to home tutoring. With teachers being filtered by professionals and trained by experts, the brand of flipClass was established over time. Tutors were trained in all the fields mentioned above in order to be as professional as possible. To this end many screening procedures are adopted. As of now they have more than 2000 tutors and this number is only growing. They are also open to feedback and attempt to make their app better every single day.   Today, flipClass is India's leading home tuition marketplace, that aims to provide affordable, reliable and personalized tutoring for your child, in the comfort of your home. flipClass uses MySQL(structured query language)/flat file system for data storage. The big data tools are built on the open source platform and use the functional language, mainly, Haskell along with R and Python as functional language. For visualization of data flipClass uses D3.js .The d3.js library has revolutionised visualization by making it easier to parse data and meaningful interactivity. An attractive feature of flipClass is it has an efficient self learning algorithm that keeps on improving itself daily. Every interaction between the parent and the tutor is recorded on the platform and feedback is taken and further modifications are made. The app provides satisfaction to the needs of the student and the parent by providing better quality education for students. The platform tries to optimise multiple parameters to achieve this objective. The moment a parent lands on the flipClass site, a cookie is created for him. After the requirements are filled in a lead form, it is linked to the cookie that was created. FlipClass finds out how many pages the parent has viewed on its site, time spent on a particular page, number of times he/she has come back to the site and so on. They then compile all this data and study it to make the site better in order to provide an even better experience to its users. Taking into account the technology used by flipClass along with its dedication towards providing a better education to our youth, we can safely say that this startup is on the right path. The market is immense, with exams getting all the more competitive and it looks like flipClass has found the mantra to succeed in this business.  
    597 Posted by Amrutha M S
  • FlipClass is a platform that was designed to address the immediate need of increasing the visibility of qualified affordable tutors to parents. flipClass was founded by Vineet Dwivedi, a serial entrepreneur from India. The main need for such a startup was the unavailability of professional tutors who could carry out their task in an efficient manner. Tutors must have qualities such as communication skills, knowledge of the subject, approachability along with being able to make the subject matter interesting for the student. After months of searching, frustration and the desire to help people in need, Mr Dwivedi started flipClass.   Vineet started flipClass with the sole objective of providing a more professional approach to home tutoring. With teachers being filtered by professionals and trained by experts, the brand of flipClass was established over time. Tutors were trained in all the fields mentioned above in order to be as professional as possible. To this end many screening procedures are adopted. As of now they have more than 2000 tutors and this number is only growing. They are also open to feedback and attempt to make their app better every single day.   Today, flipClass is India's leading home tuition marketplace, that aims to provide affordable, reliable and personalized tutoring for your child, in the comfort of your home. flipClass uses MySQL(structured query language)/flat file system for data storage. The big data tools are built on the open source platform and use the functional language, mainly, Haskell along with R and Python as functional language. For visualization of data flipClass uses D3.js .The d3.js library has revolutionised visualization by making it easier to parse data and meaningful interactivity. An attractive feature of flipClass is it has an efficient self learning algorithm that keeps on improving itself daily. Every interaction between the parent and the tutor is recorded on the platform and feedback is taken and further modifications are made. The app provides satisfaction to the needs of the student and the parent by providing better quality education for students. The platform tries to optimise multiple parameters to achieve this objective. The moment a parent lands on the flipClass site, a cookie is created for him. After the requirements are filled in a lead form, it is linked to the cookie that was created. FlipClass finds out how many pages the parent has viewed on its site, time spent on a particular page, number of times he/she has come back to the site and so on. They then compile all this data and study it to make the site better in order to provide an even better experience to its users. Taking into account the technology used by flipClass along with its dedication towards providing a better education to our youth, we can safely say that this startup is on the right path. The market is immense, with exams getting all the more competitive and it looks like flipClass has found the mantra to succeed in this business.  
    Jul 05, 2017 597
  • 05 Jul 2017
    I remember finding my childhood photographs in photo albums that were long forgotten until I found them last year lying in the store place beneath my bed. It has been a normal practice to keep photographs of the newly born as they are really precious to the new parents and also to the family. However, maintaining these pictures is a tedious task. Today in the world of digitization its really easy to capture the moments of a baby’s first smile or videos of his first step or simply the first time it calls ‘Ma’ through mobile phones, handy cams. But what when the same are overlapped with a lot many pictures poured in and lost somewhere within the cloud storage. Weren’t the initial pictures as dear as the present ones? What if technology provides you with a platform to record and share significant milestones of your baby? Furthermore you can explore them with just a click of a button, rejuvenating the same ecstatic feeling. Babyonboard is a venture set up by Aditya Kulkarni and Rakesh Shivran in October, 2016. Their aim is to provide a platform for socializing along with parenting. Not only can you capture and record these precious milestones, this app also helps you with the day to day care of the baby.     The Glam Baby world   Honestly speaking, friends and family that have just taken on parenting, find a baby's world competitive too! They want what's best for their child, be it the child's room or the theme of the birthday party, the parents want to do it all and that too perfectly. Babyonboard is on with it providing solutions and new innovations, revolutionizing the baby's world and just comforting a mom's world. Play Room ideas to keep the baby busy while the mother gets some time for her own self and the 'no, I don't want to eat this' taken care under the Feeding section. The writers have taken proper care about the basic muddles of parents and provided with the data best fit for the children.The Baby Miles section gives reward points to the moms who are active on-board moms enthusiastically maintaining there baby's social diary and guiding other moms to be the perfect one.   Babyonboard recently has raised an undisclosed round of seed funding from Anant Pandit of Gana Yantrika Systems.Other investors included Mahavir Sharma from the Rajasthan Angel Investors Network, Vishal Jain, Head of Projects at Honeywell, Rohit Sethi, L&D Head at Arthur D. Little Dubai and Gaurav Luniya of CMS Infosystems. A few months before, the number of moms on board was about 25K which has drastically increased to a 45K just showing the target market's joy in getting along with the venture. Babyonboard is on the final stage of collaborating with various baby care brands. They have even considered proposals from their on board moms for the same. The funds raised will be utilized for product development and mobile technology to enhance user experience on the platform. They have already launched their application on Android currently having over 10K downloads to its name. This Bangalore based startup has started taking toddler steps to a huge target market. But with competition from ventures such as First Smile and Tinybeans, they need to work harder on new innovations to catch up a faster pace. New events in the industry are required to catch the parents attention. Launching products that are not available in the market can prove a boon to Babyonboard. Overall its a great venture making lives of moms easier by helping them provide a perfect balance between being a mother and other daily routine tasks.    
    1255 Posted by Akansha Gupta
  • I remember finding my childhood photographs in photo albums that were long forgotten until I found them last year lying in the store place beneath my bed. It has been a normal practice to keep photographs of the newly born as they are really precious to the new parents and also to the family. However, maintaining these pictures is a tedious task. Today in the world of digitization its really easy to capture the moments of a baby’s first smile or videos of his first step or simply the first time it calls ‘Ma’ through mobile phones, handy cams. But what when the same are overlapped with a lot many pictures poured in and lost somewhere within the cloud storage. Weren’t the initial pictures as dear as the present ones? What if technology provides you with a platform to record and share significant milestones of your baby? Furthermore you can explore them with just a click of a button, rejuvenating the same ecstatic feeling. Babyonboard is a venture set up by Aditya Kulkarni and Rakesh Shivran in October, 2016. Their aim is to provide a platform for socializing along with parenting. Not only can you capture and record these precious milestones, this app also helps you with the day to day care of the baby.     The Glam Baby world   Honestly speaking, friends and family that have just taken on parenting, find a baby's world competitive too! They want what's best for their child, be it the child's room or the theme of the birthday party, the parents want to do it all and that too perfectly. Babyonboard is on with it providing solutions and new innovations, revolutionizing the baby's world and just comforting a mom's world. Play Room ideas to keep the baby busy while the mother gets some time for her own self and the 'no, I don't want to eat this' taken care under the Feeding section. The writers have taken proper care about the basic muddles of parents and provided with the data best fit for the children.The Baby Miles section gives reward points to the moms who are active on-board moms enthusiastically maintaining there baby's social diary and guiding other moms to be the perfect one.   Babyonboard recently has raised an undisclosed round of seed funding from Anant Pandit of Gana Yantrika Systems.Other investors included Mahavir Sharma from the Rajasthan Angel Investors Network, Vishal Jain, Head of Projects at Honeywell, Rohit Sethi, L&D Head at Arthur D. Little Dubai and Gaurav Luniya of CMS Infosystems. A few months before, the number of moms on board was about 25K which has drastically increased to a 45K just showing the target market's joy in getting along with the venture. Babyonboard is on the final stage of collaborating with various baby care brands. They have even considered proposals from their on board moms for the same. The funds raised will be utilized for product development and mobile technology to enhance user experience on the platform. They have already launched their application on Android currently having over 10K downloads to its name. This Bangalore based startup has started taking toddler steps to a huge target market. But with competition from ventures such as First Smile and Tinybeans, they need to work harder on new innovations to catch up a faster pace. New events in the industry are required to catch the parents attention. Launching products that are not available in the market can prove a boon to Babyonboard. Overall its a great venture making lives of moms easier by helping them provide a perfect balance between being a mother and other daily routine tasks.    
    Jul 05, 2017 1255
  • 05 Jul 2017
    Are you prepared to be profoundly immersed in the journey of glamour? How about we enter into the realm of Nykaa! The word signifies “Actress” or one in the spotlight. Nykaa.com is all about celebrating the star in you… It’s Indian e-commerce website, founded in 2012 by Falguni Nayar. It is headquartered in Mumbai,Maharastra. Nykaa sells beauty products of various brands, and ships to over 900 cities across the globe. Along with a blog that provides make-up tips, it has an expert panel of makeup stylists, and skin, hair, personal care experts to answer questions related to beauty, health, nutrition and personal care. Nykaa also introduced private labelled products in the bath and body care category in March of 2016. Now they have added many international brands on their website including products from South Korea, U.S.A, etc. Nykaa has raised funds for Project "Nanhi Kali" on the occasion of International Women’s Day, 2015. Project Nanhi Kali is an Indian NGO for education of girl child, provides primary education to underprivileged girl child in India. With 35000 products, well priced and 100% certified brands, Nykaa offers a wide range of makeup, skincare, hair care, fragrances, bath and body, luxury and other wellness products for women and men. Unlike Bigger e-commerce players marketplace model Nykaa trusts in holding the greater part of their stock i.e. around 85% of stock. This helps Nykaa to provide a good user experience with fast delivery. To maintain the reputation for product quality and reliability, it also makes sure to put in all the efforts to do so, from – arbitrary inspecting of the items that are near expiry, surprise checks at the warehouse to make sure all quality control measures are implemented, and choosing the most reliable courier partners the nation over It ensures that only original products are sold, Nykaa also controls the entire value chain from item sourcing to conclusive sale as well. Further for all your queries, don’t hesitate to get in touch with support@nykaa.com or chat with them by clicking on the “Chat with us” tab at the bottom of the screen. There are generally 3 types of customers; first the ones who have no time to visit bricks and motor, second the ones who are shopaholic and beauty addicts, third the one who have no idea about beauty products. In a constantly evolving internet, and with fluctuating customer demands Nykaa understands its customer better. The company offers a considerable amount of education through their online magazine “Beauty Book”, and also have a YouTube channel called “Nykaa TV” on which they keep uploading a number of how-to videos. To promote their content, Nykaa uses social media platforms for lead generation and also launches various offers to convert them into sales. With the social media and their content, Nykaa, has managed to gain a pan-India presence amongst its targeted audience. They also provide various offers and discount to keep its customer base intact. With launch of their own Private Label and Beauty Services it has become crucial for them to do offline activation which led them try out Experiential Marketing for their promotion, as well. This allowed Nykaa to make more grounded bonds with consumers. Nykaa uses a high end content and people consume content. This has helped Nykaa to establish a good team for its content strategy. Keeping the users engaged through interesting contents on its blog and social media has attracted many customers on their web portal. Nykaa offers many coupons and offers to its customers so that they keep on purchasing items from the portal. The coupons and heavy discount that they provide helps to attract more more customer on daily basis. There are also 25 Nykaa experts who provides information or solves all queries related makeup and skin related issues.Further an offline retail store has been launched at IGI Airport, Terminal-3, New Delhi to give customers an experience of touch and feel and the other stores are in Bengaluru, Pune, Mumbai. Nykaa has generated INR 220 crores as its revenue for the year 2015-16 and about 90-95% were repeated customers.. Within 4 years, the company has grown vastly. Soon after its launch IN 2012 the company acquired its niche over the social media platforms and till now Facebook has 1.4 million fans while Twitter has 11.1K followers with more than 133K followers on Instagram. With the continuous promotion and offers over the social media platforms, the company now gets more than 50,000 unique visitors each month and on an average 80% of them being women. They had now expanded to over 350 brands and 35,000 products and were also claiming to have sold more than 1.25 million products to 178,659 customers till date. You are just a click away if you don’t have Nykaa in your pockets.Just don’t be late in entering Nykaa world. In the near future Nykaa will be further expanding brick and mortar presence to motivate reverse showrooming trend by Nykaa lux brands and are in plans to grow 30 stores by 2030.The major reason behind success of the business is Art Of Retailing. As customer satisfaction is at priority Nykaa provided customers with online assistance and also made the people aware of the products they should prefer according to their skin types. Further right mix of discounts and quality products adds to great value and the same is expected in the future.  
    466 Posted by Pooja Biswas
  • Are you prepared to be profoundly immersed in the journey of glamour? How about we enter into the realm of Nykaa! The word signifies “Actress” or one in the spotlight. Nykaa.com is all about celebrating the star in you… It’s Indian e-commerce website, founded in 2012 by Falguni Nayar. It is headquartered in Mumbai,Maharastra. Nykaa sells beauty products of various brands, and ships to over 900 cities across the globe. Along with a blog that provides make-up tips, it has an expert panel of makeup stylists, and skin, hair, personal care experts to answer questions related to beauty, health, nutrition and personal care. Nykaa also introduced private labelled products in the bath and body care category in March of 2016. Now they have added many international brands on their website including products from South Korea, U.S.A, etc. Nykaa has raised funds for Project "Nanhi Kali" on the occasion of International Women’s Day, 2015. Project Nanhi Kali is an Indian NGO for education of girl child, provides primary education to underprivileged girl child in India. With 35000 products, well priced and 100% certified brands, Nykaa offers a wide range of makeup, skincare, hair care, fragrances, bath and body, luxury and other wellness products for women and men. Unlike Bigger e-commerce players marketplace model Nykaa trusts in holding the greater part of their stock i.e. around 85% of stock. This helps Nykaa to provide a good user experience with fast delivery. To maintain the reputation for product quality and reliability, it also makes sure to put in all the efforts to do so, from – arbitrary inspecting of the items that are near expiry, surprise checks at the warehouse to make sure all quality control measures are implemented, and choosing the most reliable courier partners the nation over It ensures that only original products are sold, Nykaa also controls the entire value chain from item sourcing to conclusive sale as well. Further for all your queries, don’t hesitate to get in touch with support@nykaa.com or chat with them by clicking on the “Chat with us” tab at the bottom of the screen. There are generally 3 types of customers; first the ones who have no time to visit bricks and motor, second the ones who are shopaholic and beauty addicts, third the one who have no idea about beauty products. In a constantly evolving internet, and with fluctuating customer demands Nykaa understands its customer better. The company offers a considerable amount of education through their online magazine “Beauty Book”, and also have a YouTube channel called “Nykaa TV” on which they keep uploading a number of how-to videos. To promote their content, Nykaa uses social media platforms for lead generation and also launches various offers to convert them into sales. With the social media and their content, Nykaa, has managed to gain a pan-India presence amongst its targeted audience. They also provide various offers and discount to keep its customer base intact. With launch of their own Private Label and Beauty Services it has become crucial for them to do offline activation which led them try out Experiential Marketing for their promotion, as well. This allowed Nykaa to make more grounded bonds with consumers. Nykaa uses a high end content and people consume content. This has helped Nykaa to establish a good team for its content strategy. Keeping the users engaged through interesting contents on its blog and social media has attracted many customers on their web portal. Nykaa offers many coupons and offers to its customers so that they keep on purchasing items from the portal. The coupons and heavy discount that they provide helps to attract more more customer on daily basis. There are also 25 Nykaa experts who provides information or solves all queries related makeup and skin related issues.Further an offline retail store has been launched at IGI Airport, Terminal-3, New Delhi to give customers an experience of touch and feel and the other stores are in Bengaluru, Pune, Mumbai. Nykaa has generated INR 220 crores as its revenue for the year 2015-16 and about 90-95% were repeated customers.. Within 4 years, the company has grown vastly. Soon after its launch IN 2012 the company acquired its niche over the social media platforms and till now Facebook has 1.4 million fans while Twitter has 11.1K followers with more than 133K followers on Instagram. With the continuous promotion and offers over the social media platforms, the company now gets more than 50,000 unique visitors each month and on an average 80% of them being women. They had now expanded to over 350 brands and 35,000 products and were also claiming to have sold more than 1.25 million products to 178,659 customers till date. You are just a click away if you don’t have Nykaa in your pockets.Just don’t be late in entering Nykaa world. In the near future Nykaa will be further expanding brick and mortar presence to motivate reverse showrooming trend by Nykaa lux brands and are in plans to grow 30 stores by 2030.The major reason behind success of the business is Art Of Retailing. As customer satisfaction is at priority Nykaa provided customers with online assistance and also made the people aware of the products they should prefer according to their skin types. Further right mix of discounts and quality products adds to great value and the same is expected in the future.  
    Jul 05, 2017 466
  • 04 Jul 2017
    Are you packed with heavy luggage and have to travel around with it? Stressed with where to keep this luggage? Bag2bag takes care of this problem for you. Luggage, storage, pickup, drop, freshen up all in one! Hurray! Their job is helping the customers offload their luggage and deliver it in the desired time to a location of your choice. It is a Bangalore based company, founded in January 2016 with 6 employees working for it. Bag2bag transforms the way people carry their luggage and travel with it, by providing same day pickup and delivery service. It is an app that uses call based booking. In addition to that, they also provide travel arrangements for you, such as a mini stay in a hotel.  It provides a low cost, high tech mobile storage solution for the travellers. Variable bus timings, departure and arrival time are all at your service, as getting bored on early arrival is never fun. At the same time you do not want to miss out on exploring the city either. Here too it is difficult for thr travellers to carry their luggage from place to place. Furthermore, for the mini stay the hotels are provided as per the customers choice and convenience. They are categorized into-5/4 star hotel, business, boutique, budget hotels and service apartments. Hence it’s a one place solution that travellers always wanted, as it will store the bags with just a phone call booking. The luggage is delivered safely and securily without any damage, at any destination within the city, within a given time because bag2bag believes that ”service delayed is service denied” The price for mini stay and luggage transferring from one place to another is affordable as mini stay starts with Rs150 with Bag2bag makes the stay worthwhile and the bookings can be done on hourly basis instead of paying for the entire day. The inflow of cash is based on purchases or using the app for booking the services provided by the sites. Customers willingness to pay increases with customers satisfaction and with the apps ability to generate results it should not have difficulty in finding a user base. The outflow of cash is based purely on the marketing, as that is always the first step taken towards an apps' success.  With customer satisfaction and making the customers aware of the app it has more potential to grow in the future as this is a solution to most of the travellers problem. Although this facility is currently available in Bangalore, surely in due course it will be made available in other cities and states as well. So keep travelling and that too trouble free.  
    373 Posted by Pooja Biswas
  • Are you packed with heavy luggage and have to travel around with it? Stressed with where to keep this luggage? Bag2bag takes care of this problem for you. Luggage, storage, pickup, drop, freshen up all in one! Hurray! Their job is helping the customers offload their luggage and deliver it in the desired time to a location of your choice. It is a Bangalore based company, founded in January 2016 with 6 employees working for it. Bag2bag transforms the way people carry their luggage and travel with it, by providing same day pickup and delivery service. It is an app that uses call based booking. In addition to that, they also provide travel arrangements for you, such as a mini stay in a hotel.  It provides a low cost, high tech mobile storage solution for the travellers. Variable bus timings, departure and arrival time are all at your service, as getting bored on early arrival is never fun. At the same time you do not want to miss out on exploring the city either. Here too it is difficult for thr travellers to carry their luggage from place to place. Furthermore, for the mini stay the hotels are provided as per the customers choice and convenience. They are categorized into-5/4 star hotel, business, boutique, budget hotels and service apartments. Hence it’s a one place solution that travellers always wanted, as it will store the bags with just a phone call booking. The luggage is delivered safely and securily without any damage, at any destination within the city, within a given time because bag2bag believes that ”service delayed is service denied” The price for mini stay and luggage transferring from one place to another is affordable as mini stay starts with Rs150 with Bag2bag makes the stay worthwhile and the bookings can be done on hourly basis instead of paying for the entire day. The inflow of cash is based on purchases or using the app for booking the services provided by the sites. Customers willingness to pay increases with customers satisfaction and with the apps ability to generate results it should not have difficulty in finding a user base. The outflow of cash is based purely on the marketing, as that is always the first step taken towards an apps' success.  With customer satisfaction and making the customers aware of the app it has more potential to grow in the future as this is a solution to most of the travellers problem. Although this facility is currently available in Bangalore, surely in due course it will be made available in other cities and states as well. So keep travelling and that too trouble free.  
    Jul 04, 2017 373
  • 04 Jul 2017
    Short of time? The best articles and news are handpicked for you. Inshorts (previously known as News In Shorts) is a Delhi-based company that is known for its content discovery and distribution application for android and IOS. It takes news and other content such as videos, info graphics, and blogs, and summarizes them in 60 words or less. As of April 2015, the app has been downloaded over one million times and was one of the highest rated Indian news apps. Inshorts pushes content to its app, consisting of news and other updates that are each 60 words or less. The Company employs a team that manually provides the 60 word summary for each feed. The feed is divided into categories such as national, business, sports, and technology. The app is available for both Android and IOS operating systems. Azhar Iqubal the founder of inshorts just wanted the users to spend five minutes on his app. People have less time to go into detailed article and so the apps aim was to make reading news more convenient for people. The problem was people get information from different social sites, but Inshorts doesn’t want to compete with them. The thing that made Inshorts different from all other news app is that it tells the news in 60 words. The targeted users are those who don’t want to read the entire news but wants to know the headlines. While the readers go through snapshots of the news, a branded content is shown to the users and it adds up to revenue with each click. The content is pushed below a popular story, so readers discover it by themselves like just a regular ad. Inshorts has tied up with Zomato and Amazon. There are a few media houses who have partners of such sature. For every click on the ads, Inshorts receives a commission. The app is free to download and for all users. As its focus is on presenting news in just under 60 words, it is important for the team to focus on the quality of their matter. That along with getting more users on their platform. The company that used to provide news about just sports, entertainment, national and other international segments has expanded to opinions, analysis, life style, personal finance and career. Before April 2016 Inshorts didn’t made any money. They worked on the money received from venture capitalists and had no revenue model in particular. With lack of time and busy schedules of people, Inshorts knew that they had a certain target segment. Also, recently Inshorts seems to have figured out their revenue model. It has signed partnership with 5 ecommerce companies-Zomato, Bookmyshow,Tripigator, Car dekho and Bike dekho and will provide the ads for the same. The brand centric contents will be provided with bit of personalization and will also help the brands to reach the right customers. Also it has partnership with 30 publishers to position it to give better content. The company has crossed over 3 million users in February 2016 and hopes to expand more. They are working on the personalization engine that will understand the users interest based on their usage and recommended options and then push only the articles which interest the people. With people only getting busier with time, it’s providing an opportunity for the app to grow as well as helping people be up to date. It is also on its way to building a recommended engine that would serve highly targeted and contextual content to every app user. With people demanding for a comment box and search tab, it further could be related how important the app is and will be becoming in the future. It is expected to cross 5 million downloads soon. Newshunt can be a competitor but still the model is relatively different. As according to Iqubal, focus should be on keeping the culture intact since culture is the framework that drives decision making. Secondly knowing opportunities and threats is important to know how to deal with the risk, and thirdly, striving towards maintaining the right balance between the things that’s needed for survival and things to do for the possibility of disruption are the key factors to be kept in mind in order to be successful. Inshorts has a long way to go, so we should all just enjoy the experience of "know it all". 
    313 Posted by Pooja Biswas
  • Short of time? The best articles and news are handpicked for you. Inshorts (previously known as News In Shorts) is a Delhi-based company that is known for its content discovery and distribution application for android and IOS. It takes news and other content such as videos, info graphics, and blogs, and summarizes them in 60 words or less. As of April 2015, the app has been downloaded over one million times and was one of the highest rated Indian news apps. Inshorts pushes content to its app, consisting of news and other updates that are each 60 words or less. The Company employs a team that manually provides the 60 word summary for each feed. The feed is divided into categories such as national, business, sports, and technology. The app is available for both Android and IOS operating systems. Azhar Iqubal the founder of inshorts just wanted the users to spend five minutes on his app. People have less time to go into detailed article and so the apps aim was to make reading news more convenient for people. The problem was people get information from different social sites, but Inshorts doesn’t want to compete with them. The thing that made Inshorts different from all other news app is that it tells the news in 60 words. The targeted users are those who don’t want to read the entire news but wants to know the headlines. While the readers go through snapshots of the news, a branded content is shown to the users and it adds up to revenue with each click. The content is pushed below a popular story, so readers discover it by themselves like just a regular ad. Inshorts has tied up with Zomato and Amazon. There are a few media houses who have partners of such sature. For every click on the ads, Inshorts receives a commission. The app is free to download and for all users. As its focus is on presenting news in just under 60 words, it is important for the team to focus on the quality of their matter. That along with getting more users on their platform. The company that used to provide news about just sports, entertainment, national and other international segments has expanded to opinions, analysis, life style, personal finance and career. Before April 2016 Inshorts didn’t made any money. They worked on the money received from venture capitalists and had no revenue model in particular. With lack of time and busy schedules of people, Inshorts knew that they had a certain target segment. Also, recently Inshorts seems to have figured out their revenue model. It has signed partnership with 5 ecommerce companies-Zomato, Bookmyshow,Tripigator, Car dekho and Bike dekho and will provide the ads for the same. The brand centric contents will be provided with bit of personalization and will also help the brands to reach the right customers. Also it has partnership with 30 publishers to position it to give better content. The company has crossed over 3 million users in February 2016 and hopes to expand more. They are working on the personalization engine that will understand the users interest based on their usage and recommended options and then push only the articles which interest the people. With people only getting busier with time, it’s providing an opportunity for the app to grow as well as helping people be up to date. It is also on its way to building a recommended engine that would serve highly targeted and contextual content to every app user. With people demanding for a comment box and search tab, it further could be related how important the app is and will be becoming in the future. It is expected to cross 5 million downloads soon. Newshunt can be a competitor but still the model is relatively different. As according to Iqubal, focus should be on keeping the culture intact since culture is the framework that drives decision making. Secondly knowing opportunities and threats is important to know how to deal with the risk, and thirdly, striving towards maintaining the right balance between the things that’s needed for survival and things to do for the possibility of disruption are the key factors to be kept in mind in order to be successful. Inshorts has a long way to go, so we should all just enjoy the experience of "know it all". 
    Jul 04, 2017 313
  • 04 Jul 2017
    From VOIP to Gaming, Saurabh Aggarwa,l the one who introduced to us, flush or flash, changed the way he wanted to serve the world. He has a masters and Ph.D. degree, which in itself is an accomplishment.This may have something to do with his genes as, his father did his post-graduation in electronics from the US in 1969 whereas, his grandfather had a Ph.D. and was a professor at Ramjas College, New Delhi. Following the legacy and keeping the tradition alive, Saurabh went to Stanford and got a job in networking equipment. Fast forward 13 years, Saurabh is the man behind India’s most popular mobile app game, Teen Patti. Based in Noida, Octro was founded in 2006 and is today known to be the most versatile mobile gaming company in India. Two of its games, Teen Patti and Rummy, are among the top 5 games in multiple categories in the Google Play Store. Octro raised $15million in series A funding in 2014 from Sequoia Capital. If you’ve played ‘teen patti’ on your phone, you’re one of the 10 million users who downloaded this attraction. The company behind this game, Octro, is now eight years old. When he was planning to name his new company, after selling his old one, Octro was the only five letter domain available and hence he went on to name his gaming organization, Octro. Initially, Octro started doing VOIP (voice over IP) for the first six years, which got them some OEMs and some direct consumer customers. The team had built a communication product for almost every platform — for Windows phone, Symbian. The growth of the gaming industry was fueled by the growth of the internet and smart phone users. The mobile gaming market size is estimated to be worth $30 billion, but it’s challenging for the mobile gaming companies to monetize. The biggest problem which this industry faces is loss of gamer’s interest after its peak. This is because every product has a life cycle which follows a curve from development to decline in the gaming industry. The main focus hence should be given on making the decline rate slower by getting proper customer feedback time to time. Octro has been working on a b2b gaming platform that makes game which have Indian feel such as teen patti. Octro was not the first to introduce a game like teen patti to gaming world, but was the one to come up with best quality app in the country. It is further planning to open up their platform as an EIR program, which focuses on getting developers that can build Octro. The launch of Teen patti was followed by Rummy and Tumbola.   Failure often leads to success, and in this dynamic world it is very important to change the way one looks at life, if things dont always work out. Hence many start-ups changed their business model to sustain in the market. The journey of Octro from internet calling service provider to gaming sector symbolizes the same. Changing the business model is not as difficult for start-ups as it is for larger,established companies. Hence sniffing opportunity and change paved a way to success. The birth of Octro with introduction of teen patti was quite similar to the communication industry as it also connected many users across the world. This clearly shows Saurabh never lost the essence of his very first business. So this indicates that Octro is on the track to giving tough competition to competitors such as Zattikka, Junglee Games ,Ranking Heros, Nenx Limited. It makes money by selling digital goods within the app, which is a card game app. With more than 10 million downloads, teen patti is one of the highest revenue generating gaming app in the country. By December 2016 it earned approx. 30 lakhs. Furthermore funding worth 90 crores was also received from Sequoia. This indicates that somewhere the game is estimated to be valued around 400 crore. This company focuses on virtual currencies and thereforth permitting these games to be played for money will help the app find new customers and in  also in advertising their app.The revenue comes from the active user base of over 20lakh players. It gained such a large user base within a short span of time because the games are culturally relevant.The gaming industry is one of the fastest growing sector which is worth INR2350 crore. India is the third fastest growing gaming mobile app market.The three card game has become addiction among Indians. Octro sells virtual currency after getting real currency. The application developer sells the virtual money at the rate of INR4209 for INR1 crore .This addiction itself shows the growth that the company will have in next few years. For any business to survive, gaining a huge customer base and making the decline rate slower is important and Octro understood this the best. As every coin having two sides, the concept of virtual money is now becoming boon and ban both. With increase in addiction among people there are also chances that the game may get banned in nearby future as its wasting the productive time of the youth. Indeed games should be played as games and not something to get addicted to.The unofficial market is also involved in a way of earning through virtual money where, it started selling virtual money from INR750 for INR 1crore. A group of people play teen patti and they win the chips which they further sell to the people who require them. Either ways fireworks are truly expected from this game in the upcoming days.
    344 Posted by Pooja Biswas
  • From VOIP to Gaming, Saurabh Aggarwa,l the one who introduced to us, flush or flash, changed the way he wanted to serve the world. He has a masters and Ph.D. degree, which in itself is an accomplishment.This may have something to do with his genes as, his father did his post-graduation in electronics from the US in 1969 whereas, his grandfather had a Ph.D. and was a professor at Ramjas College, New Delhi. Following the legacy and keeping the tradition alive, Saurabh went to Stanford and got a job in networking equipment. Fast forward 13 years, Saurabh is the man behind India’s most popular mobile app game, Teen Patti. Based in Noida, Octro was founded in 2006 and is today known to be the most versatile mobile gaming company in India. Two of its games, Teen Patti and Rummy, are among the top 5 games in multiple categories in the Google Play Store. Octro raised $15million in series A funding in 2014 from Sequoia Capital. If you’ve played ‘teen patti’ on your phone, you’re one of the 10 million users who downloaded this attraction. The company behind this game, Octro, is now eight years old. When he was planning to name his new company, after selling his old one, Octro was the only five letter domain available and hence he went on to name his gaming organization, Octro. Initially, Octro started doing VOIP (voice over IP) for the first six years, which got them some OEMs and some direct consumer customers. The team had built a communication product for almost every platform — for Windows phone, Symbian. The growth of the gaming industry was fueled by the growth of the internet and smart phone users. The mobile gaming market size is estimated to be worth $30 billion, but it’s challenging for the mobile gaming companies to monetize. The biggest problem which this industry faces is loss of gamer’s interest after its peak. This is because every product has a life cycle which follows a curve from development to decline in the gaming industry. The main focus hence should be given on making the decline rate slower by getting proper customer feedback time to time. Octro has been working on a b2b gaming platform that makes game which have Indian feel such as teen patti. Octro was not the first to introduce a game like teen patti to gaming world, but was the one to come up with best quality app in the country. It is further planning to open up their platform as an EIR program, which focuses on getting developers that can build Octro. The launch of Teen patti was followed by Rummy and Tumbola.   Failure often leads to success, and in this dynamic world it is very important to change the way one looks at life, if things dont always work out. Hence many start-ups changed their business model to sustain in the market. The journey of Octro from internet calling service provider to gaming sector symbolizes the same. Changing the business model is not as difficult for start-ups as it is for larger,established companies. Hence sniffing opportunity and change paved a way to success. The birth of Octro with introduction of teen patti was quite similar to the communication industry as it also connected many users across the world. This clearly shows Saurabh never lost the essence of his very first business. So this indicates that Octro is on the track to giving tough competition to competitors such as Zattikka, Junglee Games ,Ranking Heros, Nenx Limited. It makes money by selling digital goods within the app, which is a card game app. With more than 10 million downloads, teen patti is one of the highest revenue generating gaming app in the country. By December 2016 it earned approx. 30 lakhs. Furthermore funding worth 90 crores was also received from Sequoia. This indicates that somewhere the game is estimated to be valued around 400 crore. This company focuses on virtual currencies and thereforth permitting these games to be played for money will help the app find new customers and in  also in advertising their app.The revenue comes from the active user base of over 20lakh players. It gained such a large user base within a short span of time because the games are culturally relevant.The gaming industry is one of the fastest growing sector which is worth INR2350 crore. India is the third fastest growing gaming mobile app market.The three card game has become addiction among Indians. Octro sells virtual currency after getting real currency. The application developer sells the virtual money at the rate of INR4209 for INR1 crore .This addiction itself shows the growth that the company will have in next few years. For any business to survive, gaining a huge customer base and making the decline rate slower is important and Octro understood this the best. As every coin having two sides, the concept of virtual money is now becoming boon and ban both. With increase in addiction among people there are also chances that the game may get banned in nearby future as its wasting the productive time of the youth. Indeed games should be played as games and not something to get addicted to.The unofficial market is also involved in a way of earning through virtual money where, it started selling virtual money from INR750 for INR 1crore. A group of people play teen patti and they win the chips which they further sell to the people who require them. Either ways fireworks are truly expected from this game in the upcoming days.
    Jul 04, 2017 344
  • 04 Jul 2017
    Do you have an old bike or car but have no idea where, how and whom to sell it to? Or are you searching for a car that is not available in your nearby showroom? This is where DROOM comes in- “a lesson in proficiency”. The online used automobile space in India is worth about US $300 million and Droom is a large part of such space. Sandeep Aggarwal founded Droom on 14th April 2014 as India’s first and only online marketplace for automobiles. Within 2 years of launching Droom, it has become the largest online platform for automobiles in India, the 6th largest E-commerce company in terms of GMV (Gross Merchandising Value) and the number one E-commerce company in terms of growth and unit economics. Droom is a 21st century marketplace and has built tools along with technology and data science, machine learning and artificial intelligence to create trust, transparency, and pricing advantage for buyers.    Droom is the first mobile market place to buy and sell automobiles. This innovative start-up was founded in Gurgaon, close to the capital of India, Delhi. The company analysed and understood the pitfalls, anxiety and pain points faced while selling or buying an automobile. Keeping all these factors in mind they came up with a model to make the process smoother by increasing trust, transparency and mitigating information asymmetry between the two users interested in selling or buying their cars. The only difference here is that when the buyer commits to buying the car, he/she has to pay the entire amount in advance and only then are the keys handed over by the seller.   Even the selling process works by creating listing for their vehicles. This include filing out the basic facts about the vehicle, details about the seller, the housekeeping items and description of the vehicle. The buyer too commits to selling the vehicle by paying commitment fees to Droom. The company looks to involve players from the semi-organized and unorganized market to sell on their website and reach a customer base of over 100 million people. The customer base comprises of internet users and hence digital marketing is widely used to promote their business. Machine learning and Analysis learning in data science are at the heart of Droom.   The revenue they receive are based on the commission fees upon sale of the vehicle. Their business is based mainly on business to consumer services, with a small segment dedicated towards consumer to consumer services. They also plan on creating a complete data base on the automobile industry and to make money by selling it to the customers. This accounts for 80-90% of the total revenue. Some ad revenue and auto dealers who want additional services, account for another 5% of the revenue. One benefit of Droom is that it repays the commitment amount if the deal don’t materialize. There are 3 ways to sell on the website; the vehicle-fixed price, best offer and auction. The locking fees by the buyer while making a purchase is INR2000 and after that the listing is removed from the site.   Even auto insurance, auto loans and annual maintenance contract is provided to the customers. The gross revenue is around 120-150 crore and it has more than 6000 listing by around 900 sellers. The main reason for the growth of this company is that the 2nd hand car market is 1.5 times the virgin car market. Since the launch of its website in January, it has sold about 500-600 vehicles a month and 50% of it is car sales. Droom sells about 8-10 cars and 10-11 bikes each day and by doing so Droom just filled the gap between need and availability in the market.   Droom also has orange book value which contains data regarding fair market value of cars and bikes, it also helps the users to check the availability of vehicles in the market. This has helped Droom to get more market value and gain more customer base.   With around 5 million downloads and 5 million followers on Facebook it has become India’s most trusted auto space to buy and sell used and new vehicles. All you just need is to download and enjoy Droom’s experience! Droom wants to focus on acquisition for acquihires. The main reason for their acquisition is for advancement in technology and the acquisition will be by cash, just to avoid dilution of the shares. The company also looks to introduce Droom credit in place of auto credit, as it involves a lot of paperwork and is a complicated document.   The company faces competition from OLX and Quicker and hence its strategies and trust among its customers play an important role in its survival. As of now new cars are also sold online so the growth rate will be based on which cars will be available online based on the customer demands. But the day is not far when Droom will be able to build trust among people so that they may even buy ‘high-end’ cars online.
    430 Posted by Pooja Biswas
  • Do you have an old bike or car but have no idea where, how and whom to sell it to? Or are you searching for a car that is not available in your nearby showroom? This is where DROOM comes in- “a lesson in proficiency”. The online used automobile space in India is worth about US $300 million and Droom is a large part of such space. Sandeep Aggarwal founded Droom on 14th April 2014 as India’s first and only online marketplace for automobiles. Within 2 years of launching Droom, it has become the largest online platform for automobiles in India, the 6th largest E-commerce company in terms of GMV (Gross Merchandising Value) and the number one E-commerce company in terms of growth and unit economics. Droom is a 21st century marketplace and has built tools along with technology and data science, machine learning and artificial intelligence to create trust, transparency, and pricing advantage for buyers.    Droom is the first mobile market place to buy and sell automobiles. This innovative start-up was founded in Gurgaon, close to the capital of India, Delhi. The company analysed and understood the pitfalls, anxiety and pain points faced while selling or buying an automobile. Keeping all these factors in mind they came up with a model to make the process smoother by increasing trust, transparency and mitigating information asymmetry between the two users interested in selling or buying their cars. The only difference here is that when the buyer commits to buying the car, he/she has to pay the entire amount in advance and only then are the keys handed over by the seller.   Even the selling process works by creating listing for their vehicles. This include filing out the basic facts about the vehicle, details about the seller, the housekeeping items and description of the vehicle. The buyer too commits to selling the vehicle by paying commitment fees to Droom. The company looks to involve players from the semi-organized and unorganized market to sell on their website and reach a customer base of over 100 million people. The customer base comprises of internet users and hence digital marketing is widely used to promote their business. Machine learning and Analysis learning in data science are at the heart of Droom.   The revenue they receive are based on the commission fees upon sale of the vehicle. Their business is based mainly on business to consumer services, with a small segment dedicated towards consumer to consumer services. They also plan on creating a complete data base on the automobile industry and to make money by selling it to the customers. This accounts for 80-90% of the total revenue. Some ad revenue and auto dealers who want additional services, account for another 5% of the revenue. One benefit of Droom is that it repays the commitment amount if the deal don’t materialize. There are 3 ways to sell on the website; the vehicle-fixed price, best offer and auction. The locking fees by the buyer while making a purchase is INR2000 and after that the listing is removed from the site.   Even auto insurance, auto loans and annual maintenance contract is provided to the customers. The gross revenue is around 120-150 crore and it has more than 6000 listing by around 900 sellers. The main reason for the growth of this company is that the 2nd hand car market is 1.5 times the virgin car market. Since the launch of its website in January, it has sold about 500-600 vehicles a month and 50% of it is car sales. Droom sells about 8-10 cars and 10-11 bikes each day and by doing so Droom just filled the gap between need and availability in the market.   Droom also has orange book value which contains data regarding fair market value of cars and bikes, it also helps the users to check the availability of vehicles in the market. This has helped Droom to get more market value and gain more customer base.   With around 5 million downloads and 5 million followers on Facebook it has become India’s most trusted auto space to buy and sell used and new vehicles. All you just need is to download and enjoy Droom’s experience! Droom wants to focus on acquisition for acquihires. The main reason for their acquisition is for advancement in technology and the acquisition will be by cash, just to avoid dilution of the shares. The company also looks to introduce Droom credit in place of auto credit, as it involves a lot of paperwork and is a complicated document.   The company faces competition from OLX and Quicker and hence its strategies and trust among its customers play an important role in its survival. As of now new cars are also sold online so the growth rate will be based on which cars will be available online based on the customer demands. But the day is not far when Droom will be able to build trust among people so that they may even buy ‘high-end’ cars online.
    Jul 04, 2017 430
  • 04 Jul 2017
      A century ago, we were slaves within our own premises. On our own land we were discriminated based on the color, our skin is. In simple words, we weren’t free. We weren’t free to be ourselves, to decide our likes and dislikes and most importantly to speak what we want.     After all the bloodshed and non-cooperation movement we succeeded in rediscovering free India with a well framed preamble to the constitution containing the right to speech article.     But do we truly exercise it ? Or have we done it in the past ? Without any gender biasness ? Without any discrimination between men and women ?   Cases, not long forgotten within states of Haryana and Rajasthan answer my question well. Till today in these parts of the country letting a woman speak and express her is a big no-no. Letting her speak is a far sighted thing, people in these parts even interrogate her existence.     In such a man’s world, I came across an online magazine named Ladies Finger. It is a great initiative taken up by four journalists - Nisha Susan, Poorva Rajaram, Gaurav Jain and Jugal Mody pertaining to the fact what woman will like to read and connect to more. The team wanted to create something substantial, instead of just pouring their thoughts on FB. The Ladies Finger evolved as an afterthought to the Delhi Rape case that took place on 16th December, 2012. The primary agenda was to create a site that gave space to discussions beyond rape, sex, violence and harassment. They wanted to write in a revealing way but also to maintain the elegance.                                             FAK- Feminist Action Kit   I should better call it the Feminist Activation Kit as the topics covered are inorder to enlighten women regarding their rights and stop them from taking any more shit. The section thrills them with the power of a woman irrespective of any country she belongs to or profession she takes. It demands for self respect generation along with protecting them from the ill effects of today’s problems such as a bad marriage or fighting the law rightly.   Kranti – Revolution The term does not just include what Bhagat Singh and other freedom fighters did for the country; In the present scenario, one girl will be struggling to receive basic education and the other pleading to be granted the permission to study in a far off college simply because it is better than the one nearby. Kranti comes into action. The section Kranti is all about challenging the usual. Challenging inorder to flourish more. To strive for better opportunities and prove that a woman is lot more than a downtrodden homosapien.   Vaanthi – Vomit, barf News that exasperates, tingles your senses for all the wrong reasons and makes you laugh loud as you come across the so called monstrous thinking of the masses. For example- A UP Cop thought the right response to a rape case survivor was to ask her for sex. Or another one –A Hyderabad hotel on Goibibo decided not to give a women her room because she was a ‘single woman’. Huh ? Seriously ? That’s great food for thought.   Presently the readers with Ladies Finger are generally 20-plus working, urban woman and the 50 plus woman (and a few young men) but they want to diversify the kind of people who write and whom they talk about. They focus on woman voice that has been long lost somewhere due to social suppression. High time – Motivation on – Feminism in. Ages passed since India got liberated now it’s the gender-female to get liberated. With such bold articles and the kickass attitude the magazine has taken on with, I am sure it will just get more and more followers. Quite evident, they just added one.    
    3740 Posted by Akansha Gupta
  •   A century ago, we were slaves within our own premises. On our own land we were discriminated based on the color, our skin is. In simple words, we weren’t free. We weren’t free to be ourselves, to decide our likes and dislikes and most importantly to speak what we want.     After all the bloodshed and non-cooperation movement we succeeded in rediscovering free India with a well framed preamble to the constitution containing the right to speech article.     But do we truly exercise it ? Or have we done it in the past ? Without any gender biasness ? Without any discrimination between men and women ?   Cases, not long forgotten within states of Haryana and Rajasthan answer my question well. Till today in these parts of the country letting a woman speak and express her is a big no-no. Letting her speak is a far sighted thing, people in these parts even interrogate her existence.     In such a man’s world, I came across an online magazine named Ladies Finger. It is a great initiative taken up by four journalists - Nisha Susan, Poorva Rajaram, Gaurav Jain and Jugal Mody pertaining to the fact what woman will like to read and connect to more. The team wanted to create something substantial, instead of just pouring their thoughts on FB. The Ladies Finger evolved as an afterthought to the Delhi Rape case that took place on 16th December, 2012. The primary agenda was to create a site that gave space to discussions beyond rape, sex, violence and harassment. They wanted to write in a revealing way but also to maintain the elegance.                                             FAK- Feminist Action Kit   I should better call it the Feminist Activation Kit as the topics covered are inorder to enlighten women regarding their rights and stop them from taking any more shit. The section thrills them with the power of a woman irrespective of any country she belongs to or profession she takes. It demands for self respect generation along with protecting them from the ill effects of today’s problems such as a bad marriage or fighting the law rightly.   Kranti – Revolution The term does not just include what Bhagat Singh and other freedom fighters did for the country; In the present scenario, one girl will be struggling to receive basic education and the other pleading to be granted the permission to study in a far off college simply because it is better than the one nearby. Kranti comes into action. The section Kranti is all about challenging the usual. Challenging inorder to flourish more. To strive for better opportunities and prove that a woman is lot more than a downtrodden homosapien.   Vaanthi – Vomit, barf News that exasperates, tingles your senses for all the wrong reasons and makes you laugh loud as you come across the so called monstrous thinking of the masses. For example- A UP Cop thought the right response to a rape case survivor was to ask her for sex. Or another one –A Hyderabad hotel on Goibibo decided not to give a women her room because she was a ‘single woman’. Huh ? Seriously ? That’s great food for thought.   Presently the readers with Ladies Finger are generally 20-plus working, urban woman and the 50 plus woman (and a few young men) but they want to diversify the kind of people who write and whom they talk about. They focus on woman voice that has been long lost somewhere due to social suppression. High time – Motivation on – Feminism in. Ages passed since India got liberated now it’s the gender-female to get liberated. With such bold articles and the kickass attitude the magazine has taken on with, I am sure it will just get more and more followers. Quite evident, they just added one.    
    Jul 04, 2017 3740
  • 03 Jul 2017
    When I talk about drones, what comes to mind? You think of either advanced US military equipment or teenagers flying quadcopters in a park. Keller Rinaudo on the other hand is utilizing this technology for humanitarian purposes that go far beyond what anyone could think of. An alumnus of the prestigious Harvard University, Mr. Rinaudo certainly lived up to the name of his alma mater as he was included in the Forbes 30 under 30 list for 2016. Graduating in from Harvard in 2009, Mr. Rinaudo has certainly made a name for himself in the industry and for the right reasons.   You must be wondering what could a Harvard graduate do with a drone that would elicit such praise right? He founded Zipline, a startup that builds drones and delivers medical supplies to places where these medical facilities are unavailable. What makes this entire process even more amicable is the level of commitment Zipline has in order to ensure that they serve the community as well and efficiently as possible. They have looked into the smallest of details to make sure that their job is done correctly and there is no room for error. From designing the drones to look like an airplane instead of a quadcopter in order to fly further, faster and in extreme conditions to developing their own in-house, advanced autopilot, it seems to appear that Zipline has looked into all of it.   The market for this startup is immense, with over 2 billion people lacking adequate access to medical supplies. While humanitarian purposes are admirable, a business needs to be able to sustain itself in order to keep doing good. Zipline can work alongside NGOs, Governments and even private hospitals to reach people in need of their services. The need for this service is mostly in places where supplies cannot be delivered easily, either due to the distance or simply due to impassable terrain. A Zipline distribution center on the ground can deliver anywhere in a 75 km radius, regardless of the mountains, hailstorms or wind. In addition to that a drone can deliver 1.5 Kg of goods per drop.   While all this seems fascinating what makes Zipline convenient for any location is the fact that it doesn’t require any infrastructure to deliver the goods. In case delivery has to be started in a new location, Zipline requires two days of time to scout the area and perform a survey flight. After this they can deliver to that area given that there is an open clearing the size of just two parking spots. This means that they can easily deliver to the rooftops of isolated clinics or even temporary camps. While these numbers are very impressive, they are only going to improve from here on out as the navigation gets better and the distribution centers are more wildly spread out.     Zipline has ensured that they have every safety feature available with a parachute landing system available in each drone. Additionally, a Zipline controller monitors the airspace as the drones perform their tasks. Now that we have gotten past how the system works we come to the part which interests the common man and that is how to utilize this service. Using Zipline is as convenient as it is safe as you simply order your medical products via text message. Upon receiving the order from a remote clinic etc., Zipline packages the product and prepares it for the flight. All this is done with a matter of minutes as the Zipline Distribution Centre safely stores the products. Upon launch the health workers are informed and within 15 minutes the medical products are delivered by parachute.   To put it all into perspective, Zipline is providing medical goods in areas that previously had no such privilege and that too in a matter of minutes. Zipline is one of the examples of how technology is really changing our lives and how this tech can really be used for the betterment of the society, that is this planet Earth.     
    335 Posted by Ruhaan Dev Tyagi
  • When I talk about drones, what comes to mind? You think of either advanced US military equipment or teenagers flying quadcopters in a park. Keller Rinaudo on the other hand is utilizing this technology for humanitarian purposes that go far beyond what anyone could think of. An alumnus of the prestigious Harvard University, Mr. Rinaudo certainly lived up to the name of his alma mater as he was included in the Forbes 30 under 30 list for 2016. Graduating in from Harvard in 2009, Mr. Rinaudo has certainly made a name for himself in the industry and for the right reasons.   You must be wondering what could a Harvard graduate do with a drone that would elicit such praise right? He founded Zipline, a startup that builds drones and delivers medical supplies to places where these medical facilities are unavailable. What makes this entire process even more amicable is the level of commitment Zipline has in order to ensure that they serve the community as well and efficiently as possible. They have looked into the smallest of details to make sure that their job is done correctly and there is no room for error. From designing the drones to look like an airplane instead of a quadcopter in order to fly further, faster and in extreme conditions to developing their own in-house, advanced autopilot, it seems to appear that Zipline has looked into all of it.   The market for this startup is immense, with over 2 billion people lacking adequate access to medical supplies. While humanitarian purposes are admirable, a business needs to be able to sustain itself in order to keep doing good. Zipline can work alongside NGOs, Governments and even private hospitals to reach people in need of their services. The need for this service is mostly in places where supplies cannot be delivered easily, either due to the distance or simply due to impassable terrain. A Zipline distribution center on the ground can deliver anywhere in a 75 km radius, regardless of the mountains, hailstorms or wind. In addition to that a drone can deliver 1.5 Kg of goods per drop.   While all this seems fascinating what makes Zipline convenient for any location is the fact that it doesn’t require any infrastructure to deliver the goods. In case delivery has to be started in a new location, Zipline requires two days of time to scout the area and perform a survey flight. After this they can deliver to that area given that there is an open clearing the size of just two parking spots. This means that they can easily deliver to the rooftops of isolated clinics or even temporary camps. While these numbers are very impressive, they are only going to improve from here on out as the navigation gets better and the distribution centers are more wildly spread out.     Zipline has ensured that they have every safety feature available with a parachute landing system available in each drone. Additionally, a Zipline controller monitors the airspace as the drones perform their tasks. Now that we have gotten past how the system works we come to the part which interests the common man and that is how to utilize this service. Using Zipline is as convenient as it is safe as you simply order your medical products via text message. Upon receiving the order from a remote clinic etc., Zipline packages the product and prepares it for the flight. All this is done with a matter of minutes as the Zipline Distribution Centre safely stores the products. Upon launch the health workers are informed and within 15 minutes the medical products are delivered by parachute.   To put it all into perspective, Zipline is providing medical goods in areas that previously had no such privilege and that too in a matter of minutes. Zipline is one of the examples of how technology is really changing our lives and how this tech can really be used for the betterment of the society, that is this planet Earth.     
    Jul 03, 2017 335
  • 29 Jun 2017
    SELL FOOD, MINT MONEY?   Feeling hungry and have no food at home? Dominos will deliver to you within 30 minutes. That was the narrative of the food-tech industry for the most part of my teenage years. Being from a middle class family, we all knew that it was a special day when we ordered food online. Maybe Dad got a promotion? Or maybe no one wants to cook dinner tonight, but ordering food was surely an anomaly. So you can only guess how surprised I was upon returning from Canada after a couple of years, and seeing everyone order food online regularly.   There was only one reason behind this and that was the food-tech startups. When I left India, Zomato was nothing but a food review app, to see which restaurant was worth going to. There was no real food delivery service, except those few unique restaurants who had their own system and charged us exorbitant amounts of money to deliver. Not only that, there was a minimum amount you had to spend to be able to get your food delivered. But suddenly, there came Zomato, Foodpanda, Swiggy and many more. Now you might point out how the aforementioned startups are all from different time lines, so to say. Each one had a different approach to the business and a lesson learnt in the process of implementing it.     I want to start by discussing the largest player in the market, who is slowly becoming irrelevant in the market and they know it. Yes, you are right, I am talking about Dominos. While Dominos is clearly on a different level, they are facing aggressive competition from other startups and this clearly shows as their profit went down from $306.2 million in 2015 to $214.7 million in 2016. That is a decrease of nearly $100 million in one year, and yes that is a huge amount. There are a few reasons for the decline of Dominos in India specifically. Indians are known to be smart about their money and not blind-sided by loyalty to a certain brand. We all have checked prices on Amazon, Flipkart, Myntra and all other available E-Commerce websites in order to find the cheapest price for a good. And it is exactly the same when it comes to food. When we realized that we can buy food for half the price using these other startups, our brain listened to both our stomach and our wallet. The stock price has fallen from 2000 INR in 2015 to 1000 INR in 2016. There are other reasons for the demise of Dominos, such as: Moving towards healthier options, availability of multiple options and delivery of cheap Indian fast food. With the kind of challenges Dominos is facing, we can safely say that it’s days as the unicorn of the Indian food market are over.     Since we are talking about failure, let’s talk about Foodpanda. By offering huge discounts and coupons, Foodpanda looked to play the wallet instead of the stomach. To break it down into simple terms Foodpanda took on more than it could take. The 50% off coupons were being paid for from their own pockets and they quickly burnt through their cash. This is what made the industry realize that they couldn’t depend on this technique in the long run. Also because of these discounts, the restaurants couldn’t sell their food at their menu price and so while the orders on the app were ever increasing, overall orders fell drastically. We can be sure that the restaurants were not too happy about this. This isn’t the only mistake that Foodpanda made, they were notorious for taking orders from restaurants that were shut down, just so that they could maintain their customer base. As compensation they gave the customers coupons to spend on their app. Another blunder that they made that finally led to the downfall of the app was that they didn’t pay the restaurants on time and sometimes not at all. This was because they were careless in their bookkeeping. We all know that in a business where you don’t keep your customers and partners happy, you are bound to fail and this is exactly what happened to Foodpanda and we can be sure that the industry learned from this.     As mentioned earlier, Zomato started off by reviewing food joints and this attracted a large number of people. The convenience was real as humans don’t like leaving things to chance. Despite what we say, rarely do people want to try something unknown to them. Zomato solved this problem when it came to food as it made thousands of reviews accessible to anyone with a phone. Realizing that they could take advantage of their huge data and customer base, they dove right into the food-tech business in 2015. The reason why Zomato was able to capture the market in comparison to its competitors was because it emphasized on user experience. They were also quick to launch their mobile app and remain up to date on the latest technology. Today they are present in 23 countries and this number is only going to expand. They are on the verge of profitability with the company claiming that at the current user retention and increasing frequency, even if they don’t acquire any new customers in April, they will still grow by 8% over their March volume. These numbers are as impressive as they sound, and Zomato is an example of how if you do things right, you will succeed albeit with some bumps along the way.     The last company that I want to talk about was founded in 2014 and has taken a new approach to the market, and as of now it seems to be working. Swiggy is a food delivery app that is known for its user friendly interface and timely service. It is one of the very few apps that does not have a minimum delivery limit. This means you can order your favorite cheap snack without having to order unnecessary food just so you can meet the limit. Their timely service is due to a number of reasons. Firstly, they have a delivery fleet assigned to their restaurant partners so that the order can be on its way as soon as its made. Secondly, the incentivize the runners by allowing them to keep the money they get for the delivery. This works better than paying them a fixed amount as the runners can earn more by working faster and more efficiently. Swiggy makes money by partnering with the food joints and charging them a fixed commission for the orders placed through their app. Swiggy is the future, meaning they have learnt from the mistakes of past startups and created a model which attempts to please everyone involved in the chain of services from the restaurant to the delivery boys. We can only wait to see how Swiggy performs in the long run, but for now they are doing well.   We see in this article how startups, if they have the right idea and are run properly, can upset the well-established giants in the industry. No one is safe or untouchable in this line of business and the company that provides what the masses want will succeed. The risk is there as always, but the profits are there too and up for the taking.
    428 Posted by Ruhaan Dev Tyagi
  • SELL FOOD, MINT MONEY?   Feeling hungry and have no food at home? Dominos will deliver to you within 30 minutes. That was the narrative of the food-tech industry for the most part of my teenage years. Being from a middle class family, we all knew that it was a special day when we ordered food online. Maybe Dad got a promotion? Or maybe no one wants to cook dinner tonight, but ordering food was surely an anomaly. So you can only guess how surprised I was upon returning from Canada after a couple of years, and seeing everyone order food online regularly.   There was only one reason behind this and that was the food-tech startups. When I left India, Zomato was nothing but a food review app, to see which restaurant was worth going to. There was no real food delivery service, except those few unique restaurants who had their own system and charged us exorbitant amounts of money to deliver. Not only that, there was a minimum amount you had to spend to be able to get your food delivered. But suddenly, there came Zomato, Foodpanda, Swiggy and many more. Now you might point out how the aforementioned startups are all from different time lines, so to say. Each one had a different approach to the business and a lesson learnt in the process of implementing it.     I want to start by discussing the largest player in the market, who is slowly becoming irrelevant in the market and they know it. Yes, you are right, I am talking about Dominos. While Dominos is clearly on a different level, they are facing aggressive competition from other startups and this clearly shows as their profit went down from $306.2 million in 2015 to $214.7 million in 2016. That is a decrease of nearly $100 million in one year, and yes that is a huge amount. There are a few reasons for the decline of Dominos in India specifically. Indians are known to be smart about their money and not blind-sided by loyalty to a certain brand. We all have checked prices on Amazon, Flipkart, Myntra and all other available E-Commerce websites in order to find the cheapest price for a good. And it is exactly the same when it comes to food. When we realized that we can buy food for half the price using these other startups, our brain listened to both our stomach and our wallet. The stock price has fallen from 2000 INR in 2015 to 1000 INR in 2016. There are other reasons for the demise of Dominos, such as: Moving towards healthier options, availability of multiple options and delivery of cheap Indian fast food. With the kind of challenges Dominos is facing, we can safely say that it’s days as the unicorn of the Indian food market are over.     Since we are talking about failure, let’s talk about Foodpanda. By offering huge discounts and coupons, Foodpanda looked to play the wallet instead of the stomach. To break it down into simple terms Foodpanda took on more than it could take. The 50% off coupons were being paid for from their own pockets and they quickly burnt through their cash. This is what made the industry realize that they couldn’t depend on this technique in the long run. Also because of these discounts, the restaurants couldn’t sell their food at their menu price and so while the orders on the app were ever increasing, overall orders fell drastically. We can be sure that the restaurants were not too happy about this. This isn’t the only mistake that Foodpanda made, they were notorious for taking orders from restaurants that were shut down, just so that they could maintain their customer base. As compensation they gave the customers coupons to spend on their app. Another blunder that they made that finally led to the downfall of the app was that they didn’t pay the restaurants on time and sometimes not at all. This was because they were careless in their bookkeeping. We all know that in a business where you don’t keep your customers and partners happy, you are bound to fail and this is exactly what happened to Foodpanda and we can be sure that the industry learned from this.     As mentioned earlier, Zomato started off by reviewing food joints and this attracted a large number of people. The convenience was real as humans don’t like leaving things to chance. Despite what we say, rarely do people want to try something unknown to them. Zomato solved this problem when it came to food as it made thousands of reviews accessible to anyone with a phone. Realizing that they could take advantage of their huge data and customer base, they dove right into the food-tech business in 2015. The reason why Zomato was able to capture the market in comparison to its competitors was because it emphasized on user experience. They were also quick to launch their mobile app and remain up to date on the latest technology. Today they are present in 23 countries and this number is only going to expand. They are on the verge of profitability with the company claiming that at the current user retention and increasing frequency, even if they don’t acquire any new customers in April, they will still grow by 8% over their March volume. These numbers are as impressive as they sound, and Zomato is an example of how if you do things right, you will succeed albeit with some bumps along the way.     The last company that I want to talk about was founded in 2014 and has taken a new approach to the market, and as of now it seems to be working. Swiggy is a food delivery app that is known for its user friendly interface and timely service. It is one of the very few apps that does not have a minimum delivery limit. This means you can order your favorite cheap snack without having to order unnecessary food just so you can meet the limit. Their timely service is due to a number of reasons. Firstly, they have a delivery fleet assigned to their restaurant partners so that the order can be on its way as soon as its made. Secondly, the incentivize the runners by allowing them to keep the money they get for the delivery. This works better than paying them a fixed amount as the runners can earn more by working faster and more efficiently. Swiggy makes money by partnering with the food joints and charging them a fixed commission for the orders placed through their app. Swiggy is the future, meaning they have learnt from the mistakes of past startups and created a model which attempts to please everyone involved in the chain of services from the restaurant to the delivery boys. We can only wait to see how Swiggy performs in the long run, but for now they are doing well.   We see in this article how startups, if they have the right idea and are run properly, can upset the well-established giants in the industry. No one is safe or untouchable in this line of business and the company that provides what the masses want will succeed. The risk is there as always, but the profits are there too and up for the taking.
    Jun 29, 2017 428
  • 23 Jun 2017
     Sitting at home, drinking cold beer, my friend and I had the brilliant idea of playing basketball to offset some of the unhealthy habits in our day-to-day lives. Excited and bubbling with energy we were ready to go. Alas! We had a ball, but it had no air. All the excitement was slowly draining away as we thought of the steps it would take to complete this tedious task. We would have to go all the way to a sports store, buy a pin and then go to a petrol pump to get the air filled. Maybe basketball wasn’t that awesome an idea, was it?   This is where an application called Dunzo came in. Our friend had overheard our conversation and recommended that we use it to save both money and our precious energy. Now you must be wondering what Dunzo does? It is an app made specially for people like you and me. Yes, you know I am talking to you. It’s 2 pm on a Sunday afternoon and you’re sitting on your couch, binge watching Netflix when suddenly your wife/mom tells you that you’re all out of vegetables. You don’t want to get up just to buy ‘Aaloo’ and ‘Bhindi’. This is where Dunzo comes in. You whip out your phone, put in whatever  task you want completed and voilá! Your task is underway and will be completed before you would have even gotten off the couch. Everyone around is impressed by your efficiency and you can go back to watching the latest episode of Game of Thrones.   A successful business idea is one that address a problem that a lot of people face, but have no solution for. Dunzo looks to do the same as it will complete any task from getting groceries to doing your laundry to calling the electrician. This solves a lot of problems that are faced by all of us on a daily basis. First, we get to avoid the heat, dust and traffic faced while completing the smallest of jobs. This convenience that Dunzo provides us is the key to its’ success. In a day and age where everything and anything can be done on your mobile phone, who actually wants to get out of their house to complete a task. Secondly, it saves you the trouble of finding a particular resource. Never called a plumber before? Don’t worry you don’t have to call your friends to find one. Simply get on Dunzo and the job will be done. All this seems to be something out of a dream where you are a King, but let’s face it. Most of us don’t have the money to afford such luxuries. This is where this app goes from a good idea to a real game changer. If the amenity you require is available within a 3 km distance from your house, the delivery charges is simply 45 INR or 0.7 USD. Mind boggling, is it not?   Although this app is currently available in Bangalore only, I have no doubt that it will gain equal traction in other cities as well. With features such as being able to track your good to being able to confirm the good you ordered via pictures, this app takes into account the smallest of details and that is what makes it unique.
    890 Posted by Ruhaan Dev Tyagi
  •  Sitting at home, drinking cold beer, my friend and I had the brilliant idea of playing basketball to offset some of the unhealthy habits in our day-to-day lives. Excited and bubbling with energy we were ready to go. Alas! We had a ball, but it had no air. All the excitement was slowly draining away as we thought of the steps it would take to complete this tedious task. We would have to go all the way to a sports store, buy a pin and then go to a petrol pump to get the air filled. Maybe basketball wasn’t that awesome an idea, was it?   This is where an application called Dunzo came in. Our friend had overheard our conversation and recommended that we use it to save both money and our precious energy. Now you must be wondering what Dunzo does? It is an app made specially for people like you and me. Yes, you know I am talking to you. It’s 2 pm on a Sunday afternoon and you’re sitting on your couch, binge watching Netflix when suddenly your wife/mom tells you that you’re all out of vegetables. You don’t want to get up just to buy ‘Aaloo’ and ‘Bhindi’. This is where Dunzo comes in. You whip out your phone, put in whatever  task you want completed and voilá! Your task is underway and will be completed before you would have even gotten off the couch. Everyone around is impressed by your efficiency and you can go back to watching the latest episode of Game of Thrones.   A successful business idea is one that address a problem that a lot of people face, but have no solution for. Dunzo looks to do the same as it will complete any task from getting groceries to doing your laundry to calling the electrician. This solves a lot of problems that are faced by all of us on a daily basis. First, we get to avoid the heat, dust and traffic faced while completing the smallest of jobs. This convenience that Dunzo provides us is the key to its’ success. In a day and age where everything and anything can be done on your mobile phone, who actually wants to get out of their house to complete a task. Secondly, it saves you the trouble of finding a particular resource. Never called a plumber before? Don’t worry you don’t have to call your friends to find one. Simply get on Dunzo and the job will be done. All this seems to be something out of a dream where you are a King, but let’s face it. Most of us don’t have the money to afford such luxuries. This is where this app goes from a good idea to a real game changer. If the amenity you require is available within a 3 km distance from your house, the delivery charges is simply 45 INR or 0.7 USD. Mind boggling, is it not?   Although this app is currently available in Bangalore only, I have no doubt that it will gain equal traction in other cities as well. With features such as being able to track your good to being able to confirm the good you ordered via pictures, this app takes into account the smallest of details and that is what makes it unique.
    Jun 23, 2017 890
  • 09 Jun 2017
    Sound can prove existence of a life in outer space. In physics, sound is a vibration that propagates as a mechanical wave, through the transmission medium such as air or water. Tonetag took this concept to payments.   The Bangalore based startup was founded in 2014 by Kumar Abhishek along with his friend Vivek Singh (Co-founder).  Kumar worked at IBM, Infosys and Mind Tree Consultancy before launching Tonetag with investments from Angel Investors - Mr. Ram Sellaratnam and Mr. Rajesh Yohahanna. Tonetag uses NFC technology available in most smart phones to facilitate ‘card less’, ‘cashless’ & ‘contactless’ payment through smart phone or mobile.  Its works on any mobile device and no internet is required on the user device at the time of initiating payment. The payment mode is more secure than other available methods with 3 layers of encryption, tokenization, HCE and White Box Cryptography. Shoppers Stop, India’s leading fashion retailer, Nandi Infrastructure Corridor Enterprises (NICE) Toll Plaza, and Yes Bank one of the largest leading bank in India, retail pharmacy chain Trust Chemists and Druggists have partnered with ToneTag to provide an advanced payment solution to their customers.Tonetag has also partnered with other banks and digital wallets, including HDFC Bank Ltd, ICICI Bank Ltd, Freecharge and Airtel, who cumulatively have a user base of more than 40 million Indians.   Tontag, raised $1 million in funding from Reliance Venture Asset Management in August 2015. Other investors include Nasscom foundation trustee Arun Seth, Manipal Global Education chairman T.V. Mohandas Pai, Snapdeal’s ex-chief product officer Anand Chandrasekaran and Gencoval Strategic Services Pvt. Ltd chairman Deepak Ghaisas.   NFC in itself is nothing new.  Apple Pay uses the same technology globally and is one of the preferred payment methods in the industry. NFC has found several other applications such as medical devices.  Investments seen in Tonetag and the traction that the company has, indicate the potential of future technologies in Payments space.   Fintech remains as one of the hottest investment category in the startup space and many new technologies are making way. Acceptance of blockchain has opened many more doors for new players to offer more innovative and secured solutions.  One, who truly converts money into a digital currency that is accepted globally, will win the game and Bitcoin has the lead today. The interfaces facilitating payments in those currencies will have several faces and companies merging to facilitate those transactions will be the future of Payments.
    560 Posted by Expert Advisor
  • Sound can prove existence of a life in outer space. In physics, sound is a vibration that propagates as a mechanical wave, through the transmission medium such as air or water. Tonetag took this concept to payments.   The Bangalore based startup was founded in 2014 by Kumar Abhishek along with his friend Vivek Singh (Co-founder).  Kumar worked at IBM, Infosys and Mind Tree Consultancy before launching Tonetag with investments from Angel Investors - Mr. Ram Sellaratnam and Mr. Rajesh Yohahanna. Tonetag uses NFC technology available in most smart phones to facilitate ‘card less’, ‘cashless’ & ‘contactless’ payment through smart phone or mobile.  Its works on any mobile device and no internet is required on the user device at the time of initiating payment. The payment mode is more secure than other available methods with 3 layers of encryption, tokenization, HCE and White Box Cryptography. Shoppers Stop, India’s leading fashion retailer, Nandi Infrastructure Corridor Enterprises (NICE) Toll Plaza, and Yes Bank one of the largest leading bank in India, retail pharmacy chain Trust Chemists and Druggists have partnered with ToneTag to provide an advanced payment solution to their customers.Tonetag has also partnered with other banks and digital wallets, including HDFC Bank Ltd, ICICI Bank Ltd, Freecharge and Airtel, who cumulatively have a user base of more than 40 million Indians.   Tontag, raised $1 million in funding from Reliance Venture Asset Management in August 2015. Other investors include Nasscom foundation trustee Arun Seth, Manipal Global Education chairman T.V. Mohandas Pai, Snapdeal’s ex-chief product officer Anand Chandrasekaran and Gencoval Strategic Services Pvt. Ltd chairman Deepak Ghaisas.   NFC in itself is nothing new.  Apple Pay uses the same technology globally and is one of the preferred payment methods in the industry. NFC has found several other applications such as medical devices.  Investments seen in Tonetag and the traction that the company has, indicate the potential of future technologies in Payments space.   Fintech remains as one of the hottest investment category in the startup space and many new technologies are making way. Acceptance of blockchain has opened many more doors for new players to offer more innovative and secured solutions.  One, who truly converts money into a digital currency that is accepted globally, will win the game and Bitcoin has the lead today. The interfaces facilitating payments in those currencies will have several faces and companies merging to facilitate those transactions will be the future of Payments.
    Jun 09, 2017 560