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  • Exploring the Different Types of AI Agents

    AI agents are self-contained systems that are capable of functioning independently by employing a variety of technologies such as machine learning and natural language processing (NLP). These agents inhabit either physical, digital, or mixed realities and receive data through the use of sensors or input to aid in obtaining context and nuance. Having taken this information through advanced algorithms, they make decisions and proceed toward answering questions or handling processes.

    In the course of the past few decades, the design of AI agents has undergone a total makeover. From the very foundational theories made manifest in the 1950s by founding figures such as Alan Turing, through the expert systems laden with reasoning of the 70s, progress has been almost a steady rhyme. The 1990s era demonstrated the development of intelligent agents of learning and coordinated behavior within or between multi-agent systems. The 2010s have been witness to a drastic revolution in the area of AI agents, thanks to a significant boost from new technologies such as deep learning and large language models, which has made AI agents’ wider application, for example, with chatbots and autonomous vehicles.

    Simple Reflex 
    Model-based reflex Agents
    Goal-based Agents
    Utility-based Agents
    Learning Agents
    Hierarchical Agents
    Multi-agent Systems (MAS)

    Type of AI Agent Applications
    Simple Reflex Agents Automatic doors, thermostats, simple game AI
    Model-Based Reflex Agents Autonomous vehicles, advanced game AI, industrial robots
    Goal-Based Agents AI assistants (e.g., Siri, Alexa), navigation systems (GPS apps), strategic game AI (e.g., chess, Go)
    Utility-Based Agents Recommendation systems (e.g., Netflix, Amazon), autonomous trading systems, complex decision-making applications
    Learning Agents Chatbots, personalized recommendation systems (e.g., YouTube), adaptive control systems (e.g., self-driving cars)
    Hierarchical Agents Complex industrial automation (e.g., factories), multi-stage decision processes (e.g., supply chain management), robotics
    Multi-Agent Systems (MAS) Distributed sensor networks, collaborative robotics, complex simulations (e.g., traffic management, scientific research)
    Types of AI Agents
    Types of AI Agents

    Simple Reflex 

    Simple reflex agents in artificial intelligence are tightly coupled, autonomous agents that react instantaneously to stimuli in the environment using pre-already-stored rule-condition-action knowledge. These single elements or senseless beings have no recollection or learning process. They do not meddle with memory-like functions; the action they need to choose or how they do it is implied by immediate perception data, never mind what has been before.

    Hence these are much faster and more efficient than any other design when the surroundings are completely observable and almost all the necessary information is available. Simple Reflex Agents in condition-action sets must respond directly in real-time; they operate acceptably well with environments that are immediate, predicative, and not changing. They are poor in partially observable and more dynamic environments.

    Pros

    • Processing capabilities suited to solve tasks requiring immediate action
    • With their obvious logic, they are straightforward for development and deployment across applications.
    • They also function well in stationary environments in the absence of dynamically changing conditions.

    Cons

    • They are unable to learn from previous contacts or adjust their behavior in response to experience and, as a result, the utility of these applications is limited in dynamic environments.
    • Simple Reflex Agents are not able to be used in situations requiring planning or reasoning of complex decision problems.

    Model-based reflex Agents

    Model-based reactive agents are next-generation agents that benefit decision-making through the use of an internal model of the environment. In contrast to basic reflex agents, which operate only on current perceptual input, model-based reflex agents operate together with that of current perception, with the assistance of memory, to maintain an internal state that combines the current observations with the memories of past experiences. This internal model allows them to make intelligent decisions even in partially observable scenes.

    The simple-complex model, built on condition-action rules (e.g., “if-then” they estimate, with internal model as opposed to external percepts, what the best action to take is and takes the action accordingly. These agents are flexible because they always reprocess their internal models to receive new information, to accurately respond to environmental changes. Model-based reflex agents, utilizing models of memory and dynamic systems, are optimized to function in more complex and less deterministic environments, offering a strong solution for the intelligent decision-making problem.

    Pros

    • Agents can predict the consequences of their actions based on an internal model and thus exhibit more strategic options.
    • Work well in situations where not all information is presented at once, and therefore are applicable in interactive environments, such as robotics and autonomous cars.
    • These agents can improve, not only by updating their models but also by improving their decision processes on a step-by-step basis.

    Cons

    • Constructing and updating the internal model can be computationally taxing, demanding a lot of computational resources.
    • Decision accuracy is influenced by model quality; any discrepancies between the model and what is true in the real world can result in bad decisions.

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    Goal-based Agents

    Goal-oriented agents are sophisticated AI-based systems equipped to realize predetermined goals by processing the results of actions. In contrast to basic reflex agents that act solely in response to immediate stimuli, goal-reaching agents, are prospectively minded and tactically plan their behavior to close the state distance between their present and a goal state. They use search and planning algorithms to assess what is possible to do and find the best solution to get to their goals.

    These agents are also very versatile, changing their tactics depending on new evidence or changes to the environment to ensure that tactics continue to be consistent with goals. Furthermore, they can optimize several objectives, by dedicating different weights to them depending on context and environmental conditions. This capability to forecast, plan, and react underpins the success of goal-driven agents in dynamic and complex environments providing a more complex alternative to decision-making intelligence.

    Pros

    • Goal-directed agents can be operated with no human supervision, thus potentially useful in applications where uninterrupted human supervision is infeasible.
    • Capacity for forecasting future situations allows them to take the initiative, thereby leading to higher efficiency.
    • Agents can be tuned to new conditions so that they will still be successful in their tasks despite unexpected problems.

    Cons

    • Planning and decision-making stages can be both computationally power-hungry and time-consuming.
    • The performance of goal-oriented agents depends mainly on the precision of their internal models, and flawed models may result in suboptimal choices.

    Utility-based Agents

    Utility-based agents are high-level artificial intelligence agents aimed at decision-making through the rate at which utility can be maximized for a sequence of results. In contrast to goal-oriented agents, which consider the attainment of specific goals, utility-oriented agents consider several possible actions and choose the action, which gives the highest expected utility. With this method, they can combine multiple aspects and get the best results.

    The utility function is a mathematical model for comparing the quality of alternatives, and thereby influencing the decision-making of the actor. These agents use prediction of the outcome of possible actions and expected utility calculation to adopt wise decisions. They are very flexible, reconfiguring strategies to varying situations and new data, and thus are suitable in changing environments. Moreover, utility-based agents are particularly well suited for situations involving uncertainty and complex, conflicting objectives, so that decisions are consistent with achieving the maximum overall benefit.

    Pros

    • Utility-based agents are effective in a wide spectrum of decision problems where they can learn from, and adapt to those problems and the conditions of the problems to work in.
    • Maximizing the utility with the aid of these agents offers a principled method of multi-agent decision-making which may also result in more efficient solutions.

    Cons

    • Learning to create a precise utility function is a nontrivial task since it involves a considerable amount of interaction with the surrounding environment and its possible consequences.
    • Utility-based agents rarely consider ethical or moral consequences in their decision-making and may produce morally objectionable, controversial results.
    Global Artificial Intelligence (AI) Market 2020 to 2030
    Global Artificial Intelligence (AI) Market 2020 to 2030

    Learning Agents

    Learning agents are autonomous AI agents that can learn and act on their surroundings, gain knowledge from their actions on the surroundings (i.e., data), and learn and adjust their behavior to improve performance over time. In contrast to conventional rule-based AI systems, the decision-making process of learning agents constantly changes according to experience. They are intensively involved with the environment to gather information and employ sophisticated learning algorithms to process the data and update their internal models to better perform the decision-making in subsequent steps.

    A characteristic of these agents is their feedback mechanism, typically with a critic module that evaluates actions and yields guidance to guide learning. Adaptive learning agents can readjust their approach to taking action in the face of new information or changing environments making them well-suited to be used in dynamic and complex environments where continuous optimization is necessary. This power of learning and adaptation makes the learning agents capable of performing in situations where flexibility and long-term optimization are in consideration.

    Pros

    • Learning agents perform better with increasing experience by learning from the past and thus by being better at making decisions.
    • They can generalize to a variety of tasks and environments and are therefore flexibly used across applications.
    • Learning agents, deriving solutions through data-driven analysis and strategy refinement, can resolve difficult problems that would be hopeless for static systems.

    Cons

    • The learning of the agents is significantly affected by the quality and quantity of the training data.
    • Excessive specialization in training data, if not controlled, can result from learning agents being quite overspecialized in their training, from which they struggle to generalize to new settings.

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    Hierarchical Agents

    Hierarchical agents are a high-level artificial intelligence system that automatically performs complex tasks using a hierarchical, multi-layered paradigm (i.e., organizational hierarchy). In this architecture, more abstract agents take in overall goals, sub-dividing specific sub-goals to form more concrete lower-level agents, while ensuring an efficient and scalable implementation. Translating these agents, these agents follow a strategy of task decomposition, i.e., a complex task is decomposed into subtasks that can be executed effectively, by subordinate agents.

    A feedback control loop guarantees mutual synchronization, as lower-level agents inform their higher-level counterparts about ongoing progress, which makes it possible to perform on-the-fly checks and corrections. This hierarchical design can be used to effectively coordinate the execution of a large number of tasks, adapt to changing environments, and overall achieve the highest performance, and thus for problems that require large-scale task management and coordination.

    Pros

    • Hierarchical organization of the tasks allows for the tasks to be delegated to those agents that are best suited for performing the task, avoiding redundant efforts and efficient resource utilization.
    • Straight lines of responsibility improve communication between the system and therefore allow for more effective coordination between the agents.
    • Hierarchical reinforcement learning can reduce the complexity of difficult decision-making processes by decomposing them into high-level actions and increasing the quality of exploration and learning.

    Cons

    • If a fixed hierarchy restricts the system’s adaptation to rapidly evolving environments, then the system can struggle to meet these needs or to find alternative solutions.
    • A hierarchical control flow can result in latency if a higher-level agent does not react fast enough to the readiness of lower-level tasks.

    Multi-agent Systems (MAS)

    Multi-agent systems (MAS) are a class of AI architectures, in which several independent agents collaborate or compete to achieve a goal, solve a difficult problem, or attain a common goal. Agents act in isolation and make decisions for themselves about the objectives of other agents in the system. MAS is distributed, and there is no central control, rather, the behavior of all agents will be responsible for the system, scaling up, and robustness features that will be better.

    Agents coordinate actions using intricate interactions, including communication, bargaining, collaboration, or rivalry. In a distributed way, MAS can address not only the constraints of single agents but to engineer them for complex tasks by distributing tasks among multiple agents and using their joint efforts to achieve complex results. Flexibility is an essential property since the agents can modify their actions in response to environmental modifications or new information so that the whole system is still effective under changing, demandingly unpredictable conditions. MAS suits such situations where there is flexibility and distributed problem-solving.

    Pros

    • MAS can produce more powerful, faster, and more accurate solutions. The agents specialize in their domain, in turn, leading to better overall production.
    • MAS inherently has strong fault tolerance.
    • Agents may be specialized in a specific field, guaranteeing a more focused expertise.

    Cons

    • Where the roles of agents are unclear, agents may overlap with each other in what they do, resulting in inefficiencies or conflicts in the system.
    • MAS can also be more resource-intensive (i.e., computational and memory) than single-agent systems because of the multiple active agents required.

    Conclusion

    As a stand-alone, from simple reflex agents to complex multiagent systems, AI agents play an important role in the development of artificial intelligence because of their power and general-purpose ability to execute a variety of tasks. Reflex agents handle easy tasks, and model-based agents improve the procedures of decision-making with internal models. Goal-oriented agents to achieve goals, utility-oriented agents to enhance the actions with a tendency to make the optimal efficiency, and learning agents to modify themselves through experience.

    Hierarchical agents perform sophisticated tasks by way of sequentially delegated and hierarchical organization while collective intelligence is employed in the case of problem-solving by multi-agent systems. With the increased maturity of AI, such agents will be created to have broader and broader applications in health care, finance, robotics, and smart cities, and thus will be capable of reaching their potential for being applied to answer problems in the real world.


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    FAQs

    What is an AI agent?

    An AI agent is an entity that perceives its environment through sensors and acts upon that environment through actuators. It aims to achieve specific goals.

    What are the types of AI agents?

    The types of AI agents are Simple Reflex Agents, Model-Based Reflex Agents, Goal-Based Agents, Utility-Based Agents, Learning Agents, Multi-agent systems (MAS) and Hierarchical Agents.

    Why are there different types of AI agents?

    Different types of agents are designed to handle varying levels of complexity in the environment and the tasks they are meant to perform. They offer different trade-offs between complexity, rationality, and autonomy.

  • Top 12 Love-Filled SEO Tips for Valentine’s Day That Will Help You Win in 2025

    The day of love has arrived. We have planned a perfect gift for content marketers. What can be more appealing than having a good strategy to work for better SEO management? SEO stands for search engine optimization. It is the process used for improving the quality and quantity of website traffic on any particular website or webpage by means of search engines.

    In simple words, SEO is the process that helps to improve the quality of a website and attracts more traffic towards itself which results in a higher Google rank on search engine page results.

    There are many SEO strategies available to work on. When we talk about a certain occasion, the SEO strategies get altered as per the occasion. The day of love, a.k.a Valentine’s Day, is a once-in-a-year occasion. It is celebrated and considered across the globe. Hence, it is a good option to go with the opportunity of increasing website traffic by means of ongoing trends. This article is mainly based on the SEO tips one can apply to gain maximum traffic on Valentine’s Day.

    1. Be Ahead of Time
    2. The Heart Of SEO, Keywords
    3. Include Visuals
    4. Add Promotional Contents
    5. Add Seasonal Touch To The Webpage
    6. Keeping A Tab On Competitors
    7. Leverage Social Media
    8. Focus on Increasing Internal Links
    9. Utilize Images and Videos to Showcase your Products
    10. Optimize for Mobile Devices
    11. Use User-generated Content
    12. Offer Last-minute Shopping Options

    1. Be Ahead of Time

    In the world of AI, nothing can be done at the last moment. For example, the website traffic earned by any particular website in a short span can get the webpage a tag of spam. Hence, there is no room for last-minute work.

    Better be prepared with the things you are trying to do this Valentine’s Day. It can be submitting posts, creating shopping platforms with discounts, and many other things.

    Being ahead of time will allow you to actually execute the plan at the right time and gain good website traffic organically. There are many searches made about Valentine’s day right from the first week of February. One can try to take those search details as their study and then make changes to an already formed plan.

    2. The Heart Of SEO, Keywords

    Just like Valentine’s Day is all about heart and love, SEO also depends on one major factor called Keywords. It is very important to match the keywords with the ongoing trends. Valentine’s is all about love, so let your keywords be according to that only.

    Along with that, keep coordination between your product and the occasion, especially when targeting Valentine’s Day keywords. One can take the help of SEO tools to get some good keywords. Some of the best SEO tools for keywords are SEMRush, Ahrefs, etc., which can assist in identifying popular Valentine’s Day keywords.

    3. Include Visuals

    Valentine’s Day is all about showing love in different ways. Such a grand occasion needs to be shown with the same feeling on digital platforms, too. Including pleasant visuals can enhance the customer’s experience. This can eventually make them revisit the web page. One can consider adding images, GIFs, videos, or audio to enhance the visitor’s experience and indirectly affect the SEO results.


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    4. Add Promotional Contents

    Valentine’s Day or Valentine’s Week is more about shopping and gifts. Try to get some promotional content added to your website. This will drive better traffic to the web page rather than keeping it as a simple platform.

    Try to add those products that are in high demand on Valentine’s Day, such as chocolates, cards, etc. Some websites do coordinate with other platforms to sell their products and services. One should take advantage of such mediums.

    5. Add Seasonal Touch To The Webpage

    Valentine’s Day is a seasonal occasion. Using any occasion as a way of managing SEO doesn’t need to be something new only. One can also try to reuse an already-made web page and customize it accordingly. Optimizing for Valentine’s Day SEO can significantly boost visibility and engagement during this romantic holiday.s

    For the occasion of lovers’ day, one can easily customize the old webpage into a new and exciting one. After this, the only remaining work is to add its link to the website. Once done, you are ready for your Valentine’s Day.

    6. Keeping A Tab On Competitors

    The best way to be updated is to spy on your competitors. By knowing their steps, then only you can ease out your preparation. In terms of SEO strategy, it is very important to know about the topics your competitors are working on.

    Along with topics and the keywords they might use. All these questions can lead you to better results. Platforms such as SEMRush allow its users to know the details of their competitors’ work and trendy topics. One can try to get help from such platforms to perform well.

    7. Leverage Social Media

    Long gone are the days when social media was just a way of entertainment and chat. Social media is now more of a promotional platform. One can easily use social media in their SEO strategy and increase the traffic to web pages.

    All you need to do is have a basic social media account with several followers. Add your product description and website details with an anchor link. The link should transfer the users back to your website, resulting in increased traffic and a good promotion of products. One can also try to take the help of an influencer or other popular promotional account that promotes your brand at the exchange of some cost.


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    Adding internal links to your content can drive traffic to different website sections. For instance, linking complementary products or related holiday offers within an article can encourage users to explore more of what your website has to offer. This enhances the user experience and increases the likelihood of visitors discovering and purchasing additional items from your site.

    In addition, using internal links to promote various events other than Valentine’s Day, such as Christmas or New Year’s, can attract a wider audience and motivate satisfied customers to visit your website more often. By creating permanent pages dedicated to these occasions and strategically placing links throughout your content, you can ensure a smooth navigation experience for users, which will ultimately drive traffic to multiple product pages and increase overall website engagement.

    9. Utilize Images and Videos to Showcase your Products

    Including images and videos that showcase your products is essential to attract potential customers, especially during holidays like Valentine’s Day. Many shoppers are not sure about what they want to buy initially, so visual representations play a vital role in guiding their decision-making process. Gift guides, particularly in video formats like the ones that are popular on YouTube, offer a dynamic way to display a variety of options and capture the attention of undecided buyers. By creating visually appealing content using your camera, you can effectively engage with your audience and drive sales.

    Optimize your website to ensure a seamless browsing experience. Use relevant keywords in filenames and alt tags, compress images and videos for faster loading, and choose the right dimensions for images. By prioritizing visual content, you can enhance your website’s appeal and boost conversions this Valentine’s Day.

    10. Optimize for Mobile Devices

    Mobile optimization is essential for any business that wants to attract a significant audience to its online platform. With the majority of internet users preferring mobile platforms, embracing responsive design is necessary. Failing to meet mobile users’ expectations could mean missing out on valuable engagement and conversions. This Valentine’s Day, ensure your website is optimized for mobile devices, using tools such as the WebCEO Landing Page SEO Tool to enhance your mobile readiness and provide a delightful experience for all visitors, regardless of their device preferences.

    11. Use User-generated Content

    Social media is a great way to encourage customers to share their Valentine’s Day experiences with your products. Ask them to post pictures of the gifts they bought, how they received them, or share a review of shopping at your store. You can even create a special hashtag for this and promote it on your social media and email.

    Make sure to add these posts to your website too. User-generated content builds trust and shows others that customers have had great experiences with your business. Seeing happy customers share pictures of their Valentine’s Day gifts can inspire others to do the same. It also helps create a stronger connection with your customers.

    12. Offer Last-minute Shopping Options

    Some people prefer shopping at the last minute, so make sure to offer options for them. You can provide digital gift cards and same-day delivery. Make these offers stand out on your website with messages like “Still shopping? Get it today!” or “Instant Valentine’s Day gifts.”

    You can also use ads like “last-minute Valentine’s Day gifts” on search engines or social media to reach customers who need a fast solution. It’s a quick way to boost sales for last-minute shoppers.


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    Conclusion

    Celebrating an occasion like Valentine’s Day is a true form of happiness, especially after the horrific years of pandemics. For content marketers, getting a proper straight strategy for SEO, particularly incorporating keywords for Valentine’s Day, is just like celebrating the occasion. SEO is considered a major part of each website. These are some of the essential tips that every marketer should follow.

    FAQs

    Which social media platform should be used for marketing and promotion on Valentine’s Day?

    Almost every platform enabling the ability to converse with others can be used as a marketing platform on Valentine’s Day, but some of the best choices are Facebook, Instagram, and Snapchat.

    What are some of the top keywords for Valentine’s Day?

    Valentine’s Day, Valentine’s Day Ideas, DIY Valentine’s Day, Valentine’s Day Decor, Valentine’s Day Treats, and Valentine’s Day Gift Ideas are some of the top Valentine’s related keywords.

    What are some of the best Valentine’s Day hashtags?

    Some of the best hashtags you could use this Valentine’s Day are #valentine #love #valentinesday #valentines #gift #valentineday #valentinegift #birthday #gifts #handmade #art #fashion #anniversary #valentinesgift #happyvalentinesday #bouquet #chocolate.

    Which are the most searched keywords for Valentine’s Day?

    Some of the most searched keywords for Valentine’s Day include: gifts, date night, flowers, food, recipes, and more.

  • Droom: India’s First Online Market Place for Automobiles!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

    Today, we are not new to the concept of buying and selling automobiles online. But back then, it was a big deal. Yes, we are talking about the period before the emergence of Droom.

    Droom was founded by Sandeep Aggarwal in 2014 after he left Shopclues. Based out of Gurugram, Droom is an online marketplace to buy and sell new and used automobiles.

    With the sole vision of becoming a pioneer in this sector, Sandeep Aggarwal forayed into the startup ecosystem. Though he began quite late in this sector, at the age of 45 years, he could boast of having successfully built a startup that was worth over $1 billion.

    In this article, let’s explore Droom’s startup story, its founders, business model, revenue model, funding, growth, IPO, shareholding, financials, and more.

    Droom – Company Highlights

    Startup Name Droom
    Headquarter Gurugram, India
    Sector Automotive eCommerce
    Founders Sandeep Aggarwal
    Founded 2014
    Parent Organization Droom Technology Private Limited
    Website droom.in

    Droom – About and How Droom works
    Droom – Target Market Size
    Droom – Founder/Owner and Team
    How was Droom Started?
    Droom – Startup Launch
    Droom – Business Model and Revenue Model
    Droom – Competitors
    Droom – Name, Tagline and Logo
    Droom – Funding and Investors
    Droom – Shareholding
    Droom – Growth
    Droom – Financials
    Droom – IPO
    Droom – Products And Services
    Droom – Mergers and Acquisitions
    Droom – Partnership
    Droom – Awards
    Droom – Future Plans

    Droom – About and How Droom works

    Droom is an AI and data science-driven online transactional platform, which offers 21st-century experience in buying and selling used and new automobiles in India and other emerging markets. The startup has built an entire ecosystem around used automobiles for the digital economy, including Orange Book Value (used vehicle pricing engine), Eco (1,000+ points vehicle inspection), History (history records for used vehicles), Discovery (dozens of pre-buying & selling tools) and Credit (India’s first and only marketplace for a used auto loan and dealer financing).

    Droom

    The Droom company caters to individual buyers and sellers, dealers, and large enterprises not only for buying and selling but also for the entire life cycle management and all automobile ancillary services. It is an online platform that connects buyers and sellers of used cars, new vehicles, motorcycles, and even aircraft. There’s a huge scope in India for used vehicles, where there are four main issues that are noticeable:

    1. The condition of the vehicle
    2. Price Factors
    3. Documentation
    4. Trust

    And the most important issue is the trust factor between the dealing parties.

    Droom.in
    How Droom works for a Buyer

    Droom – Target Market Size

    As per the recent calculations, India’s automobile industry is worth over $225 Billion. Out of which, $60 Billion is comprised of ancillary services such as warranty, insurance, and services. The remaining $160 Billion is primarily split between new vehicles and used automobiles.

    With an 80% market share of automobile transactions online, Droom is India’s largest automobile platform online and the 4th largest E-Commerce company. Besides India, Droom is available in Singapore, Thailand, and Malaysia and OBV is available in over 38 countries globally, making OBV the world’s number one benchmark pricing engine.


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    Droom – Founder/Owner and Team

    Sandeep Aggarwal is the founder and CEO of Droom.

    owner of droom
    Sandeep Aggarwal – Founder of Droom

    Founder of Droom Sandeep Aggarwal is a serial entrepreneur, angel investor, internet visionary, and philanthropist. He is popularly known as the father of marketplaces in India. He has founded two marketplaces in India so far – ShopClues in 2011 and Droom in 2014.

    Aggarwal’s entrepreneurial journey began with ShopClues, which he co-founded with his wife Radhika Aggarwal, and Sanjay Sethi in 2010. Post the insider trading allegations, to safeguard the reputation of ShopClues, Sandeep backed out of the company and went on to launch India’s first online platform for buying and selling automobiles – Droom.

    How was Droom Started?

    Sandeep Aggarwal started Droom in 2014 with the vision to fix the problem of trust in the online used-car business. The platform initially started as an online marketplace for used cars in Delhi. Three months later, it was dealing in used cars and two-wheelers but still in New Delhi.

    Exactly one year later, the company was dealing in used cars and two-wheelers across 100 cities of India. And post six months, Droom was all set to provide services like insurance, roadside assistance, and warranty inspection to its consumer base. By the time 2018 came, it had automobiles across 48 categories including planes, bicycles, segways, golf carts, and yachts among others. In a short span of five years, they have come far by building the business one step at a time.


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    Droom – Startup Launch

    Digital platform Droom gave its team a lot on its plate with its launch. With 85% of the business coming in from used automobiles, the team grasped that building trust was key to success. Hence as remedial measures, the team went the extra mile and built not one but four different product modules to address the trust issues of the customers:

    1. The first product module is named Eco. It is an inspection tool that checks a vehicle on various 121 checkpoints before it is certified by the Droom technician.
    2. Orange Book Value is very similar to the Kelley Blue Book in the US. this module uses algorithms to find the fair price of a vehicle based on its make model, insurance, ownership, and condition.
    3. The next product module is where the company rates sellers so that buyers are more informed.
    4. The last product module offers a thorough history of the vehicles, based on details from companies, insurance providers, and the police which is sectioned under “Droom history”. This has data of over 200 million vehicles from over 1,000 road transport offices in India.

    Droom – Business Model and Revenue Model

    The Droom business model has four formats i.e. B2C, C2C, C2B, and B2B, and three pricing formats – Fixed Price, Best Offer, and Auction. The platform offers a wide range of categories from bicycles to planes and all automobile services such as warranty, RSA, insurance, and auto loan.

    “We are a performance-based marketplace. We don’t charge any one-time payment; we only make money when the seller makes money”, says Droom Owner Sandeep Agarwal.

    Droom, at majority, makes money from commissions and subscriptions.

    On the commission module, there are quite a few variations. The commission varies from 2% to 2.5% for used cars, and 2.5% to 3% for used motorcycles. When it comes to new automobiles, it is 1% to 1.25% or merely a flat booking fee.

    15% of the Droom revenue comes from dealer subscriptions that range anywhere between INR 45,000 and INR 1,00,000. The company also provides comprehensive reports on a vehicle to buyers for up to INR 100. All in all, 92% of the used car business comes from B2C, 7% comes from C2C, and the rest comes from B2B.


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    easier. One such porta…


    Droom – Competitors

    ZigWheels, CarDekho, and CarTrade were the major Droom competitors in the second-hand automobile segment when it started. But where it had a superior edge was that it developed a market, whereas the existing market players were only in the business of product discovery.

    The tagline of the brand is “Droom – Tu bindaas ghoom

    Droom Tagline
    Droom Logo

    The experience offered by Droom is encapsulated in the tagline of the ads, “Miley feeling nai wali” (Gives you a brand new feeling).

    Droom – Funding and Investors

    Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $333 Million over 8 rounds of funding. The last funding round of the company came in on July 28, 2021, when it raised around $200 million from 57 Stars, Seven Train Ventures, and some other existing investors.

    Date Stage Amount Investors
    July 28, 2021 Pre-IPO Round $200 million 57 Stars, Seven Train Ventures
    June 20, 2019 Series F $10 million
    October 4, 2018 Series E $30 million Joe Hirao
    May 17, 2018 Series D $30 million Toyota Tsusho
    July 5, 2017 Series C $20 million Digital Garage, Integrated Asset Management
    June 1, 2016 Series B $25 million BEENEXT, Digital Garage
    July 30, 2015 Series A $16 million Lightbox
    June 20, 2014 Seed Round $2 million

    Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation, Joe Hirao, and Integrated Assets Management.


    Droom Marketing Strategy and Growth over the years
    Droom is an online marketplace for used vehicles. Know the marketing strategy of Droom that made it a reliable automobile e-commerce platform.


    Droom – Shareholding

    Droom’s shareholding pattern as of (November 2023), sourced from Tracxn:

    Droom Shareholders Percentage
    Sandeep Aggarwal 30.6%
    Lightbox 22.9%
    Beenext 9.9%
    Beenos 8.5%
    DG Ventures 3.5%
    Ana Friedman 2013 Irrevocable Trust 1.5%
    Itschak Friedman 2012 Family Trust 1.0%
    Chaim Friedman Trust 0.5%
    Security 1.6%
    Integrated Asset Management 0.9%
    Ungar Friedman Investment 0.8%
    Fast Gain International 0.7%
    Toyota Tsusho 0.6%
    Evenstar Master Fund Spc 0.6%
    Jumpex Worldwide Limited 0.6%
    Pt Karang Mas Investama 0.5%
    RSI Home Products 0.5%
    Merchant Capital 0.2%
    IA Group 0.2%
    S.a.n. Garment Manufacturing 0.1%
    Success Elements < 0.1%
    Angel 14.0%
    Other People 0.1%
    Total 100.0%
    Droom Shareholding

    Droom – Growth

    In the calendar year 2019, Droom generated $1.3 Billion in annualized GMV and $32 million in net revenue with growth at a rate of 100% Y/Y.

    “We feel this momentum will continue as the auto industry fares better. We hope to achieve $2 billion in GMV this year(2020) and $65 million in net revenue. By next year’s end(2021), we hope to hit $3 billion in GMV,” says Sandeep Aggarwal, Founder & CEO, Droom

    Droom has a presence in 1000+ cities across India (India’s largest hyper-local marketplace), and boasts of having over 350K auto dealers (the largest auto dealer platform in the World). Besides, Droom also claims to have:

    • 35 Million+ monthly visitors
    • Around 12 Million+ app downloads and

    Furthermore, it has its subsidiaries in India and the United States. The company has so far raised close to $333 Million.

    Droom company has turned itself into a public limited company from a private limited company, as of August 2021. The company further converted the name of its Indian entity to Droom Technology Limited from Droom Technology Private Limited.

    Droom – Financials

    Droom has seen fluctuating financial performance over the last few years. Revenue declined significantly in FY24 compared to FY23, while expenses also decreased. However, the company continues to report losses.

    Particulars FY24 FY23 FY22 FY21 FY20
    Revenue INR 90 crore INR 262.6 crore INR 390.2 crore INR 135.5 crore INR 181.4 crore
    Expenses INR 130.5 crore INR 325.4 crore INR 527.2 crore INR 204.4 crore INR 270.9 crore
    Profit/Loss INR -40.4 crore INR -62.1 crore INR -137 crore INR -68.9 crore INR -89.6 crore
    Droom Financials
    Droom Financials

    Droom’s revenue dropped from INR 262.6 crore in FY23 to INR 90 crore in FY24, indicating a sharp decline. Expenses also decreased from INR 325.4 crore to INR 130.5 crore, resulting in a lower net loss of INR 40.4 crore compared to INR 62.1 crore in FY23.

    Droom Revenue Breakdown

    Particulars FY24 FY23
    Revenue from Operations INR 85.4 crore INR 253.3 crore
    Other Income INR 4.6 crore INR 9.4 crore
    Total Revenue INR 90 crore INR 262.6 crore

    Revenue from operations declined sharply from INR 253.3 crore in FY23 to INR 85.4 crore in FY24, while other income also dropped slightly.

    Droom Profit/Loss Breakdown

    Particulars FY24 FY23
    Gross Profit
    Operating Profit
    Profit/(Loss) Before Tax INR -40.5 crore INR -62.7 crore
    Tax Expense 0 INR -0.6 crore
    Net Profit/(Loss) INR -40.4 crore INR -62.1 crore

    Droom’s net loss reduced from INR 62.1 crore in FY23 to INR 40.4 crore in FY24, mainly due to lower expenses.

    Droom Expenses Breakdown

    Particulars FY24 FY23
    Employee Benefit Expense INR 26.3 crore INR 42.9 crore
    Finance Costs INR 0.9 crore INR 2.2 crore
    Depreciation & Amortization INR 2.3 crore INR 3.2 crore
    Other Expenses INR 100.9 crore INR 277 crore
    Total Expenses INR 130.5 crore INR 325.4 crore

    Total expenses saw a major reduction from INR 325.4 crore in FY23 to INR 130.5 crore in FY24, primarily due to a drop in other expenses and employee costs.

    Quick Summary:

    • Revenue fell significantly from INR 262.6 crore in FY23 to INR 90 crore in FY24.
    • Expenses decreased substantially from INR 325.4 crore to INR 130.5 crore, leading to a lower net loss.
    • Net Loss reduced from INR 62.1 crore in FY23 to INR 40.4 crore in FY24.
    • Lower operational activity is evident in declining revenue and expense figures.

    This analysis highlights a major slowdown in Droom’s financial activity, with a notable decrease in revenue and costs, but continued losses.

    Droom – IPO

    Droom Technology Ltd. plans to go public in June 2025, as announced by founder Sandeep Aggarwal in December 2023. The company had earlier withdrawn its IPO plans and DRHP from SEBI but has since focused on product innovation and revenue growth. Droom works with over 21,800 used car dealers across nearly 1,100 cities. In June 2021, it secured $200 million in a pre-IPO funding round. Droom plans to raise INR 1,000 crore ($1.37 billion) through its IPO, aiming for a valuation between $1.2 billion and $1.5 billion.


    Droom to File INR 1,000 Cr IPO Draft by June
    Droom is set to file draft documents for its INR 1,000 crore IPO by June 2024, marking a major step toward its public listing and future growth.


    Droom – Products And Services

    Droom Rental

    On its 10th anniversary of receiving its first order, Droom, an automobile marketplace, launched Droom Rental in January 2025. Powered by tech and AI, this platform offers a vast selection of over 25,000 vehicles across nine categories, including cars, bikes, scooters, buses, yachts, ambulances, helicopters, and even planes.


    Droom Ventures into Car Rental with New Offering
    Droom introduces a new offering to step into the car rental industry, marking its latest move to diversify services.


    Droom Credit

    On April 13, 2017, Droom launched Droom Credit, an end-to-end online and fully automated credit marketplace that offers unbeatable credit terms, a paperless process, fully automated workflow management, and an auto loan marketplace for used cars. Loan approval can be obtained in 30 seconds through this platform.

    Jumpstart

    Droom launched a unique service they named Jumpstart on May 6, 2020, to assist automobiles that were left idle during the COVID-19 lockout in starting up again. Using the brand’s Eco platform, this doorstep service solution provides technical assistance that can be called in to perform simple repairs on bikes and enable them to get back on the road after the pandemic’s months-long hiatus.

    Cloud Services

    Based on its own technology and software products with a data science foundation, Droom introduced Droom Cloud Services on April 18, 2023.

    Droom – Mergers and Acquisitions

    In November 2019, Droom acquired Xeraphin Finvest Pvt. Ltd. This acquisition was done with the vision to further strengthen the company’s dedicated consumer base and dealer credit marketplace. To date, its credit operations have processed more than 10,000 loans in the last 12 months. Droom has credit and finance partners including IDFC First Bank, Yes Bank, Tata Capital, Manappuram Finance, Faircent, Hero Fincorp, Cashkumar, and Lendbox.

    Droom – Partnership

    Toyota

    To penetrate the Southeast Asian market, Droom has partnered up with Toyota Tsusho Corporation, a division of the Toyota Group in 2018, a Japanese automaker. The company plans to expand internationally by utilizing Toyota’s dealership network, inventory, and leadership. South East Asia will be the partnership’s primary focus.

    Turtlefin

    In order to offer motor vehicle insurance services, the insurtech platform Turtlefin has teamed up with Droom Technologies on October 13, 2022, an online marketplace for the purchasing and selling of new and used cars.

    Droom – Awards

    • DIGIXX Awards recognizes Founder & CEO, Sandeep Aggarwal as Person Of The Year.
    • Founder & CEO, Sandeep Aggarwal has been awarded the “Digital Entrepreneur of the Year” by the Haryana Gaurav Awards
    • Sandeep Aggarwal has been awarded the “Business Leader of The Year” by the World Federation of Marketing Professionals
    • Droom won Silver and Bronze at the exchange4media Primetime Award 2017 for Best Creative Advertising
    • Awarded Silver and Bronze in Magzimise Awards 2017
    • Awarded Bronze in the coveted Effie Awards 2018

    Droom – Future Plans

    At the moment Droom is one of the highly rated used car startups in India and only aims to expand further. Droom is looking to replicate its success in the international market, given that it is now eyeing being listed on Nasdaq or in India by 2022. And that is not where it ends, the company is also looking at a gross revenue of $3 billion to $3.5 billion and a net revenue of $110-120 million. With the signed MOU with Toyota, Droom will expand in Singapore, Indonesia, Malaysia, the Philippines, Vietnam, Thailand, Cambodia, Myanmar, and Laos by 2020. They want to be known beyond Droom India.

    FAQs

    What is Droom?

    Droom is an AI and data science-driven online transactional platform, which offers 21st-century experience in buying and selling used and new automobiles in India and other emerging markets.

    How does Droom make money?

    Droom at majority makes money from subscriptions and commissions.

    • 15% of Droom’s revenue comes from dealer subscriptions that range anywhere between INR 45,000 and INR 1,00,000.
    • The commission varies from 2% to 2.5% for used cars
    • 2.5% to 3% for used motorcycles
    • For new automobiles, it is 1% to 1.25% or merely a flat booking fee.

    Who is Droom founder?

    Sandeep Aggarwal is the founder and CEO of Droom.

    What is Droom net worth?

    Droom was last valued at $1.2 billion in 2021, as per Tracxn.

    Which Droom parent company?

    Droom’s parent company is Droom Pte Ltd, a Singapore-based holding entity. 

  • Behind the Genius: Exploring the Life of Alakh Pandey, Founder of Physics Wallah

    “Our aim is to bring about a revolution in education by reaching out to millions of students in a sustainable and affordable way,” says Alakh Pandey, the CEO of “Physics Wallah”.

    Here is yet another inspiring story of a man whose journey from poverty to prosperity is nothing short of remarkable. Struggling with financial troubles, Alakh Pandey stumbled upon an idea that would change his life forever: Using his passion for teaching to change the lives of many.

    Through hard work and a strong belief in the importance of education, Alakh’s story of going from nothing to something has inspired countless students all over the country.

    In this StartupTalky article, we will explore Alakh Pandey’s success story, including his early life, history, childhood, personal life, education, achievements, and more.

    Alakh Pandey Biography

    Name Alakh Pandey
    Birthplace Prayagraj, Uttar Pradesh
    Born 2 October, 1991
    Nationality Indian
    Education Mechanical Engineering, Harcourt Butler Technical Institute, Kanpur
    Position Co-founder and CEO, PhysicsWallah
    Net worth INR 4500 crore (2024)

    Alakh Pandey – Early Life
    Alakh Pandey – Education
    Alakh Pandey – Career
    Alakh Pandey – YouTube Channel and Application
    Alakh Pandey – Physics Wallah
    Alakh Pandey – Advocate for NEET Aspirants
    Alakh Pandey – Challenges Faced
    Alakh Pandey – Family
    Alakh Pandey – TV Series
    Alakh Pandey – Investments
    Alakh Pandey – Awards and Achievements
    Alakh Pandey – Interesting Facts

    Alakh Pandey – Early Life

    Alakh Pandey’s early life had been very tough as his parents struggled to make ends meet. He was born in 1991 and his birthplace is Prayagraj of Uttar Pradesh. As his family was not in a financially stable condition, he had to go through hardships even during his childhood days. When he was in his school days, his family had to sell their house for financial needs. He grew up witnessing all these hardships that his family went through.

    He understood the requirement of him to contribute to the family financially. So, in the 9th grade, he started tutoring some younger kids. Subsequently, he started tutoring in coaching institutes when he was in the 11th grade. But at that time, he had no clue that this was going to be a turning point in his life.

    Alakh Pandey – Education

    It is ironic to say that ‘Physics Wallah’ who coaches thousands of students didn’t have any extraordinary educational background.

    He did his schooling at Bishop Johnson School and joined Harcourt Butler Technical Institute to pursue his graduation in Mechanical Engineering. But, soon he dropped out of college and did not complete his graduation. He then started teaching at coaching institutes in Allahabad for a meager salary.

    Alakh Pandey – Career

    Many years back, Alakh Pandey hadn’t even dreamt of the career path he ended up taking. As he liked acting, he wanted to pursue it as a career.

    But, destiny had other ideas.

    Though he started teaching to support the financial crisis of his family, he soon started enjoying teaching which later on turned out to be his passion.

    Very soon, he became a very famous teacher among the students at the coaching institute. Students were very much attracted to his animated way of teaching.

    Since Pandey wanted to reach many more students, he decided to launch his YouTube channel in 2016.


    Physics Wallah Success Story – A Unicorn Edtech Startup from a YouTube Channel!
    Physics Wallah is an EdTech startup that started as a YouTube Channel and is into a Unicorn Club. Know about Physics Wallah & its startup story.


    Alakh Pandey – YouTube Channel and Application

    In 2016, ‘Physics Wallah’ – Alakh Pandey’s YouTube channel, was launched. After almost a year, the viewership of his channel started growing at an astonishingly fast rate.

    From just more than 3800 subscribers in 2017, his channel garnered a whopping more than 68 lakh subscribers in 2022. One of the most important reasons for the success of his YouTube channel was that he provided very valuable content free of cost, while other channels were charging the viewers for such content.

    Currently, more than 36 million students benefit from the 80 channels that the company owns in 8 vernacular languages.

    These different channels give free of cost training for many different competitive exams like IIT JEE, UPSC, CA, State PSC, etc.

    In 2020, he also rolled out the Physics Wallah app. By 2021, the app had 2.1 million sign-ups. Currently, 15 million people use the app for their preparation for various competitive exams.

    Alakh Pandey – PhysicsWallah

    Alakh Pandey, who began his journey as a teacher in coaching institutes, subsequently launched his YouTube channel which became a huge success. This paved the way for his EdTech company Physics Wallah Private Limited. The company has its headquarters in Noida, Delhi.

    When the institute was started, around ten thousand students enrolled in the very first month. One of the very important reasons for the success of Physics Wallah is the affordable fees that they charge while providing quality education.

    Notably, there is another person, Prateek Maheshwari, who co-founded the company and stands as the backbone of it.

    This is what Alakh Pandey says about him, “The credit for making our product great goes to my co-founder, Prateek Maheshwari. He made the app, taught me how to build an organization, taught me automation, and the basics of quality analysis. He is the backbone of PW.” 

    By September 2024, Physics Wallah raised $210 million in funding at a valuation of $2.8 billion which is 2.5x of its last valuation. The round was led by Hornbill Capital.

    Physics Wallah Financials
    Physics Wallah Financials

    Alakh Pandey – Advocate for NEET Aspirants

    Alakh Pandey has called upon the Supreme Court to investigate allegations of discrepancies in the NEET-UG June 2024, the all-India medical entrance examination. Pandey, who has been vocal about the controversies surrounding the National Eligibility-cum-Entrance Test (Undergraduate), has submitted a public interest litigation (PIL) seeking an independent committee to probe the issue. This act has transformed him into a sort of messiah for the NEET-affected students.

    Alakh Pandey – Challenges Faced

    The story of Physics Wallah might be inspiring and might look like he climbed the ladder too easily. But there were highly challenging times when Alakh Pandey had to stand strong.

    For instance, there were giant rivals like some EdTech companies who played nasty tricks to weaken the hold that Physics Wallah had on the students through his teaching. Not only that but also some unforeseen challenges arose like the application crashing when loads of students tried to sign up.

    But in all these tough times, Alakh’s unwavering confidence and courage made him even more popular among his student fans.

    Alakh Pandey – Family

    Alakh Pandey’s parents are Satish Pandey & Rajat Pandey and he has a sister named Aditi Pandey. He is seen talking with pride about his sister who stood by him like a huge pillar of support during the tough times.

    Alakh now 31 years old, is married to Shivani Dubey who is a journalist.

    Alakh Pandey – TV Series

    It is truly a matter of pride and it shows a person’s fame and accomplishments to have a TV series made based on their story. Alakh Pandey has such pride in his name. A TV series has been made inspired by the life of Alakh Pandey and called Physics Wallah. It stars Shreedhar Dubey and was released in 2022 on Amazon Prime.

    Physics Wallah Official Trailer

    Alakh Pandey – Investments

    Physics Wallah invested in iNeuron.ai on Dec 22, 2022.

    Alakh Pandey – Awards and Achievements

    Alakh Pandey has been awarded with the following accolades:

    • Alakah Pandey was named to the prestigious Hurun List of top young entrepreneurs under 35 in 2024.
    • Pandey was awarded the Best Digital Person of the Year: Growth Catalyst at the 15th edition of the IDA in 2024.

    Alakh Pandey – Interesting Facts

    • Alakh Pandey is so passionate about physics that after a few years of teaching, he got a tattoo of a ‘pi’ symbol on his arm and an equation on his wrist.
    • Alakh Pandey used to be actively involved in theatre during his school and college days and had planned to have a career in acting.

    FAQs

    Who is Alakh Pandey?

    Alakh Pandey is the founder and CEO of Physics Wallah.

    What is Physics Wallah?

    Physics Wallah is an EdTech startup founded in 2014 by Alakh Pandey. It is an e-learning platform that offers quality learning experiences at an affordable cost.

    What is Alakh Pandey education qualification?

    Alakh Pandey pursued a Bachelor of Technology (B.Tech) in Mechanical Engineering at Harcourt Butler Technical University (HBTU), Kanpur. However, he dropped out in his third year to focus on teaching and later built Physics Wallah into a successful edtech platform.

    What is Alakh Pandey age?

    Alakh Pandey was born on 2 October, 1991. He is 33 years old.

    Which is Alakh Pandey hometown?

    Alakh Pandey was born in Prayagraj, Uttar Pradesh.

    When did Alakh launch his YouTube Channel?

    In 2016, ‘Physics Wallah’ – Alakh Pandey’s YouTube channel, was launched. After almost a year, the viewership of his channel started growing at an astonishingly fast rate. From just more than 3800 subscribers in 2017, his channel garnered a whopping more than 68 lakh subscribers in 2022.

  • Zomato Receives 18,000 Applications for Different Positions and Employs Two Head of Staff

    Zomato, a meal delivery aggregator, has appointed two individuals to the position of chief of staff following the widely reported search. In a post on X, Zomato’s founder and CEO, Deepinder Goyal, stated that the firm got more than 18,000 applications, of which 150 were selected for further consideration and interviews.

    He added that after a thorough evaluation process, 30 exceptional applicants were extended offers, and 18 of them have already accepted high-impact positions with Zomato and its group companies, including Blinkit. Importantly, no one has paid anything to work for the company, and these people are receiving competitive compensation for the services they provide.

    Goyal works closely with four of the eighteen individuals who have already joined, and two of them hold chief of staff positions. The brand hasn’t done it yet, Goyal continued. The organisation is still carefully sorting through this incredible talent pool, which has more than 18,000 applications. This is a long-term investment in the individuals who will work with us to shape the future, not just a one-time hiring rush. Slowly but surely, we will continue to connect with the appropriate people.

    30 People Have Been Given the Offer Letters

    The majority of the 30 individuals who received offers are founders who have built startups from scratch in their dorm rooms, engineers who spent a weekend rewriting entire tech stacks, operators who turned chaos into scale, and a few bright young minds right out of college—people we think will guide us into the future.

    What distinguishes them? “A long-term perspective,” Goyal remarked. They were optimising for compounding impact, the most misunderstood mathematical miracle, rather than for immediate results. “Finding people who truly get this is rare, and I’m grateful we did,” he said.

    Interesting Job Post By Goyal

    Zomato‘s job posting for the Chief of Staff position in November 2024 caused controversy since it included a condition implying that applicants must pay INR 20 lakh up front in order to be considered. This sparked a lot of conversations concerning recruiting processes’ fairness. Goyal calmed these worries by stating that none of the chosen applicants had to pay anything in order to get hired.

    He said that the company was looking for people who were more concerned with career advancement than financial obstacles; hence, the majority of candidates who specifically indicated the number were turned down. In addition to this news, Goyal announced a new position that is exclusively for those that incorporate AI into their daily operations.

    He urged candidates to show that they could use AI as their “second brain.” This action reflects Zomato’s growing emphasis on automation and AI-driven decision-making, which is consistent with the industry-wide trend of utilising technology to boost productivity and creativity.


    Swiggy’s Rapid Commerce Profits Decline Amid Expansion & Discounts
    Swiggy’s rapid commerce profit margins take a hit as the company prioritizes aggressive expansion and heavy discounts to strengthen its market position.


  • Pre-orders for the Roadster X Series are Opened by Ola Electric

    With the introduction of the Roadster X series, Ola Electric, the industry leader for electric two-wheelers, has made its foray into the electric motorcycle sector. Five different models are in the lineup, and the starting price is INR 74,999. The Roadster series will start to be delivered in the middle of March. The firm has repeatedly hinted at the arrival of its electric motorcycles.

    With this new addition, Ola hopes to increase its market share in India’s expanding electric vehicle (EV) sector, where electric two-wheelers are becoming more popular as a result of government incentives and rising gasoline prices. Motorcycles are crucial to India’s mobility scene, according to Bhavish Aggarwal, chairman and managing director of Ola Electric.

    Ola Electric is spearheading the EV revolution with its electric bikes. Its futuristic Roadster range of motorcycles is poised to further accelerate EV adoption and establish electric as the preferred option for all Indian riders.

    Ola Electric’s Dominance in the EV Domain

    Ola Electric‘s market share increased from 19% in December to 30% at the end of January, as per Vahan data. With models like Revolt Motors’ RV400 and RV300, Ultraviolette Automotive’s F77 series, Tork Motors’ Kratos and Kratos R, and Oben Electric’s Hop Oxo, among others, Ola Electric is now directly competing with other companies in the young but expanding Indian electric motorcycle market.

    Expanding Portfolio of Ola Electric                             

    The Roadster X costs INR 74,999 for the 2.5kWh, INR 84,999 for the 3.5kWh, and INR 94,999 for the 4.5kWh models. The Roadster X+ costs INR 1,04,999 and INR 1,54,999 and comes with 4.5 kWh and 9.1 kWh battery options. Every model has a three-year, 50,000-kilometre warranty.

    The range of EVs offered by Ola Electric has been constantly growing. The business debuted its Gen 3 scooters, which included the S1 Pro+ and S1 X range, before the Roadster X series. With detachable battery options, Ola also introduced its Gig and S1 Z scooter series, aimed at both personal and business users. With assistance from its Battery Centre in Bengaluru, Ola Electric has been working on EV and battery technology development at its Tamil Nadu plant.

    By manufacturing EV parts and battery cells internally, the company has concentrated on vertical integration. Ola has a direct-to-consumer sales approach and runs more than 800 outlets around India.

    When will the Roadster X Series hit the market?

    It is anticipated that delivery of the Roadster X series would start in mid-March 2025. The motorcycles will be sold for the aforementioned rates, and all models come with a basic guarantee of three years and fifty thousand km.

    The Roadster X series, Ola Electric’s foray into the electric motorcycle market, is a critical turning point in the company’s efforts to transform India’s transportation scene. Ola Electric claims that it wants to transform the way Indian motorcycle users experience motorbikes by offering a variety of cutting-edge features, high-performance models, and affordable pricing, thereby making EV adoption more than just a fad but a common alternative for the future.


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  • Swiggy’s Rapid Commerce Profit Margins Suffer as Discounts and Expansion take Priority

    In the third quarter of the current fiscal year (Q3 FY25), Swiggy Instamart’s margins were negatively impacted by the growing rivalry in the rapid commerce market, as the company increased its investments to keep the competition at bay. The contribution margin for Swiggy Instamart decreased from -1.9% in the previous quarter (Q2FY25) to -4.6% during the reviewed quarter.  Higher growth investments, especially in user engagement and the expansion of darkstores across different areas, were cited by the company as the reasons for this reduction.

    It further stated that rising competition resulted in higher consumer incentives and higher client acquisition costs, which caused the contribution margin to decline.  Notably, the fast commerce segment’s adjusted EBITDA margin also decreased from -10.6% in the previous quarter to -14.8% in Q3 FY25. This decline was mostly caused by higher brand and performance marketing expenditures as well as a decline in the contribution margin.

    As structural changes take place, Swiggy anticipates that Instamart’s short-term margins will be range-bound. These gains will be fuelled by increased average order value, rising ad income, decreasing delivery costs as scale increases, and improved store cost efficiency.

    Nevertheless, Swiggy Instamart’s gross order value (GOV) increased by 15.5% on a quarter-over-quarter (QoQ) and 88.1% on an annual basis (YoY) to INR 3,907 Cr. In Q3 FY25, its monthly transacting users (MTUs) increased by 13.9% QoQ and 62.7% YoY to 7 Mn. Compared to INR 293 Cr during the same period last year, its adjusted revenue for the period was INR 603 Cr, a 105.8% increase. It increased 17.5% sequentially from INR 513 Cr in Q2 of FY25.

    Instamart Spreading its Wings

    On a sequential basis, Instamart recorded a mere 7.3% increase in the quantity of orders. This was explained by Swiggy as the “back-ended nature of store expansion.” The influence on order frequency is delayed when new stores open later in the quarter since new customer acquisition occurs at the end of the quarter.

    According to the company’s post-earnings teleconference, “A higher share of new customers results in a lower overall order frequency because order frequency doesn’t increase immediately for new users.” Notably, Swiggy Instamart increased the number of operational dark stores to 705 by adding 96 new ones in Q3 FY25. By contrast, rival and industry leader Blinkit expanded its shop count to 1,007 during the December quarter, adding 216 dark locations.

    Additionally, Swiggy has replaced some of its smaller locations, which were between 2,500 and 2,800 square feet, with larger locations that are between 3,500 and 4,500 square feet and have the capacity to hold up to 20,000 SKUs. The average store size increased from 3,200 square feet in Q2FY25 to 3,475 square feet in Q3FY25 as a result of this expansion, the business stated in a statement.

    This puts the business on schedule to meet its goal of having an active dark store footprint of 4 million square feet by March 2025. Co-founder and CEO of Swiggy, Sriharsha Majety, claims that while controlling overall growth, the company’s near-term expansion was fuelled by both geographic expansion and densification into outlying areas within already-existing towns. He continued in the call, “Most floor additions going forward will be aimed at managing overall category growth rather than entering entirely new areas.”

    Financial Performance of India’s Quick Commerce Sector

    It is important to note that, according to Zomato and Swiggy’s remarks following the release of their Q3 results, the December quarter was among the most competitive in the rapid commerce segments. The three major participants in the market, Zepto, Blinkit from Zomato, and Instamart, are well-funded and rapidly growing their networks.

    The rivalry has gotten more fierce since e-commerce behemoths Flipkart and Amazon entered the market, while JioMart and BigBasket have increased their emphasis on speedy transactions. Swiggy is optimistic that the additional stores will become successful, nevertheless.

    Overall profitability will increase as more stores stabilise and achieve steady-state unit economics; mature stores should see a 4-6% positive margin trend, according to the business. Store expenses, including fixed costs incurred prior to a store opening, usually last between 30 and 45 days, according to Majety.

    However, because of increased competition, the cost of acquiring new customers can vary depending on the category’s investment level. Even though there have been some challenges in this area, we are always refining our strategy to increase productivity. He thinks that if the category as a whole expands, the company’s costs associated with acquiring new customers will eventually decrease.


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  • Demand for INR 1.8 Cr from ixigo Under GST, Penalty Notice Issued

    The Haryana GST authorities have issued a demand order for INR 89.8 lakh to online travel aggregator ixigo. ixigo stated in an exchange filing that it was sent a demand notice by the assistant commissioner of Gurugram, Haryana, requesting that it pay INR 89.9 lakh in GST. In addition, the business has been ordered to pay INR 89.9 lakh in penalties and the relevant interest on this sum.

    The company’s previous “export of services alleged as intermediary services” is the subject of the order. ixigo stated that it will appeal the order to the relevant authority. The exchange company said in a filing that it thinks it has a compelling case based on the facts. An appeal against the order will be submitted by the corporation to the relevant body.

    GST Putting its Scanner on New Tech Firms

    This occurs at a time when several cutting-edge tech firms have just received GST demand notices. One97 Communications, the parent company of Paytm, was hit with an INR 1.19 Cr fine on February 4. Vijay Shekhar Sharma, the founder and CEO of Paytm, was also fined INR 59.94 lakh. Paytm claimed to have received a GST demand notice for INR 3.73 Cr on the same day, coupled with an equal penalty and interest. 

    The food delivery giant Zomato, founded by Deepinder Goyal, most recently reported that the GST authorities have withdrawn a demand for INR 5.91 crore. The Additional Commissioner of CGST, Gurugram, made the demand, which covered the July 2017–March 2021 period and contained a penalty of INR 5.91 crore with interest.

    Due mostly to tax charges, ixigo earlier this month reported a 49% drop in its consolidated net profit from INR 30.65 Cr in the year-ago quarter to INR 15.54 Cr in the third quarter of FY25.

    Financial Outlook ixigo

    The operating revenue of the travel tech platform increased 42% from INR 170.55 Cr in Q3 FY24 to INR 241.76 Cr in the reviewed quarter.  Additionally, the business distributed 10.58 lakh equity shares to qualified workers last week through a number of employee stock option plan (ESOP) programs. On the BSE, ixigo’s shares closed on February 5 trading session up 2.79% at INR 158.25.


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  • India Ought to be at the Forefront of the AI Revolution: Sam Altman

    India is an “incredibly important” market for the massive artificial intelligence (AI) company, according to Sam Altman, founder and CEO of OpenAI. Altman stated that India ought to be among the front-runners of the AI revolution at a fireside chat with Ashwini Vaishnaw, the minister of information technology (IT), on Wednesday, February 5. He described the nation’s adoption of the technology thus far and the use cases that have been developed on top of the large language models (LLMs) that are already in place as “really quite amazing.”

    The CEO of OpenAI added that the country’s user base has tripled in the last 12 months, making it the company’s second-largest market worldwide. When asked what areas India should prioritise in the field of artificial intelligence, Altman stated that he truly wanted to reaffirm the remarks regarding the full-stack approach.

    However, given what Indians are creating with AI at every stage of the stack—chips, models, the stack, and all the amazing applications—India ought to be taking the lead. India ought to be one of the pioneers of the AI movement. Seeing what the nation has accomplished is quite astounding. Altman arrived in India late on the evening of February 4th while on a multi-country global tour.

    Meeting Government Heads and  the Big Players of Indian Startup Sector

    He met with several Indian company owners and venture capitalists earlier in the day, as well as IT Minister Vaishnaw. Additionally, he is anticipated to meet with Prime Minister Narendra Modi.  He has private meetings with startup founders such as Vijay Shekhar Sharma of Paytm, Gaurav Munjal of Unacademy, Srikanth Velamakanni of Fractal, Aloke Bajpai of ixigo, and Tushar Vashisht of HeathifyMe.

    Prominent investors Prayank Swaroop of Accel, Hemant Mohapatra of Lightspeed Venture Partners, and Rajan Anandan and Harshjit Sethi of Peak XV Partners also attended the conference. Pricing for Founders Bat in India According to a media reports, tech entrepreneurs primarily pitched the company for India-centric pricing at the founders’ meeting with Altman. Indian creators informed Altman that global pricing might not be effective in India and that major tech companies like Microsoft, Google, and Amazon already have pricing tailored to India.

    In order to guarantee that OpenAI’s products, including its APIs, are more reasonably priced for Indian developers and businesses, the founders also made a pitch to the CEO of the company. Although Altman refrained from making any commitments, he stated that the company is thinking about offering customised pricing for the Indian market. The CEO of OpenAI added that as the company develops more advanced and potent models, he anticipates expenses to drop “rapidly” over time.

    Cofounder Kunal Bahl of Snapdeal and Titan Capital acknowledged in a post on X that OpenAI product prices are “high” and that they must drop “dramatically” in order to be widely adopted. They acknowledge that the basic models can only go so far (“80-90% of the way”) and that a strong application layer will be required for particular industry/company contexts in order to raise it to 100%. For the numerous Indian businesses developing at the application layer, this is crucial,” Bahl continued.

    Tug of War Between Open AI and Chinese DeepSeek

    The tour takes place at a time when OpenAI is facing significant challenges due to the emergence of DeepSeek, a Chinese AI search engine platform that claims to have developed AI models that can compete with the best models from US firms like OpenAI, Meta, and Google at a far lower cost. India has one of the biggest populations and developer pools in the world.

    OpenAI will be able to increase its earnings by establishing a physical base in the nation. The trip coincides with a wave of copyright infringement cases against the AI giant for allegedly exploiting local digital platforms’ and book publishers’ content to train its chatbot ChatGPT without permission.

    Meanwhile, OpenAI has apparently started talking about data localisations in an effort to ward off any additional regulatory obstacles. The corporation wants to store its Indian consumers’ data in the nation itself as part of this. Since India is one of the company’s largest developer ecosystems, OpenAI is naturally seeking methods to increase its presence there.

    In preparation for the Digital Personal Data Protection Act of 2023, it has already started talking about ways to localise the data of its Indian citizens in domestic data centres. A person with knowledge of the development told Livemint that the drive to localise data operations is probably going to start soon.


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  • ONDC Delays Network Charge Installation Until April 1st

    According to reports, the proposed network infrastructure and services tax has been delayed until April 1 by the government-backed Open Network for Digital Commerce (ONDC). According to a media report, this choice was made following input from stakeholders and network members. It should be noted that ONDC first announced plans in December of last year to impose a tax of INR 1.5 on any transactions exceeding INR 250 starting on January 1.

    Extension will Help Stakeholders in Aligning Transaction Process

    According to the article, which cited ONDC’s communication to its network participants, the extension is meant to give stakeholders more time to synchronise their internal systems and guarantee a seamless transition. Only successful transactions over INR 250 that do not result in returns or refunds within the allotted time frame will be subject to the suggested transaction fee.

    Orders that drop below the value barrier or are cancelled before fulfilment will not be charged the fee. The study also noted that up to January 31, ONDC had 173.5 million transactions. More than a month has passed since Thampy Koshy, the managing director and CEO of ONDC, stated that the company’s transaction volume has increased by about three times since December 2023 and is predicted to increase by seven to eight times by December 2025.

    How the Entire Tax Dynamics Work?

    The ONDC is a non-profit that aims to be a self-sustaining utility that facilitates digital trade, the network informed a prominent media outlet by email on December 15, 2024. In the upcoming year, a network fee will be implemented to accomplish this, eventually making it self-sustaining.

    As a convenience charge, it would be simpler for vendor apps to transfer it to buyer applications. According to a network participant who wished to remain anonymous, “If a seller app receives between 4,000 and 5,000 orders per month, absorbing the network fee would mean INR 6,000 per month.”

    According to ONDC, Shiprocket, Mystore, Magicpin, Growth Falcons, and a few more grocery players are among the top-selling applications in the food and beverage sector.

    According to what the ONDC told the media outlet, its team works on protocol development and improvement, supports participants’ product and feature rollouts, brings supply and demand together, drives industry councils to develop roadmaps, supports sellers’ and network participants’ outreach and marketing, develops and improves network-level policies, develops and monitors standard operating procedures for network health and ecosystem development, supports capacity building and training, and responds

    Why the Network Fee Being Charged to Sellers?

    In e-commerce, platform fees are typically assessed on buyers, but ONDC is charging merchants instead. According to a person with knowledge of the situation, who was mentioned in a media house’s report on December 11 of last year, it is against one completed transaction that is collected at the seller’s end because all receipts would eventually reach the seller. When asked whether the network cost would be passed on to the buyer in any way, he replied that the vendor makes that decision. According to a survey by ONDC shareholders, there are 72 seller apps.

    Rahul Mathur, a member of the investment team at venture capital firm DeVC, claims that, like all businesses, it requires funding in order to expand its network. The platform charge is expected to generate at least INR 11.25 crore in income for ONDC annually. ONDC may be able to break even with additional scale and more targeted platform increases.


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