With plans to go public in the upcoming fiscal year, the board of logistics unicorn Shiprocket has approved a resolution to turn the startup from a private to a public business. According to the company’s regulatory filings, the startup will now rename itself Shiprocket Limited and remove the word “private” from its name. At the Shiprocket general body meeting on January 18, this decision was made. After the company passed a special resolution at an extraordinary general meeting on August 31, 2024, its authorised share capital was INR 70.98 lakh.
Through its initial public offering (IPO), which will comprise both core components and an offer for sale (OFS), Shiprocket is allegedly planning to raise between INR 2,000 and 2,500 crore. The company has hired Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities as its investment bankers for the sale, according to media sources.
Shiprocket Up for $26 Mn Funding Round
This recent development coincides with the startup’s fundraising round, which will be headed by US-based venture capital company KDT Ventures and raise INR 219 Cr, or around $26 million. Tribe Capital, SAI Global, Huddle Ventures, and Japan-based MUFG Bank are also anticipated to participate in the financing. The company will offer 50,461 Series E3 compulsorily convertible preference shares (CCPS) to investors at an issue price of INR 43,394 each as part of its fundraising effort. Saahil Goel, Vishesh Khurana, Akshay Gulati, and Gautam Kapoor founded Shiprocket in 2017 with the goal of aggregating third-party logistics firms. In addition to Delhivery, FedEx, Aramex, Xpressbees, DTDC, and Shadowfax, the firm has 17 courier partners. It states that it provides shipping options for more than 24,000 PIN codes in India and 220 other countries.
Shiprocket is worth $1.21 billion and has raised more than $320 million so far. Bertelsmann Nederland B.V. is the biggest external stakeholder, followed by Tribe, according to the startup data intelligence platform TheKredible. Notable investors in Shiprocket include Temasek, Paypal, LightRock, and Zomato.
The company’s revenue increased by 21% year over year to INR 1,316 crore in the fiscal year that ended in March 2024, but its losses for the same period were INR 595 crore. Along with other companies like Shipyard, it is in competition with Unicommerce.
Shiprocket’s Business Operations
The business launched a D2C marketplace called Zop in August 2024. About 200–300 brands in eight categories, such as technology, fashion, and beauty, are featured on the platform. In terms of money, the startup’s FY24 net loss was INR 595 Cr, up 74.4% from FY23’s INR 341 Cr. From INR 1,089 Cr in the prior fiscal year to INR 1,316 Cr in the year under review, its operating revenue increased by 20.8%.
According to reports, Tata Sons has applied for permission from the Competition Commission of India (CCI) to purchase an additional 10% of DTH provider Tata Play from Temasek Holdings, a Singaporean sovereign wealth fund. According to multiple sources, which cite a notification sent to the CCI earlier this week, the proposed deal is the purchase of a 10% stake in Tata Play by Tata Sons from Baytree Investments (Mauritius) Pte Ltd. It should be noted that Temasek Holdings owns Baytree Investments (Mauritius).
Players Fighting Fierce Battle in Digital TV Sector
In April 2024, when the firm was valued at $1 billion, Temasek Holdings Pte sold its 10% share in Tata Play for INR 835 Cr ($100 million), giving Tata Sons a 70% stake in the company today. Walt Disney owns the remaining 30%, but after simplifying its portfolio and combining its media businesses with Reliance Jio in India, the company has been looking to leave the TV distribution industry. According to earlier reports, telecom giant Bharti Airtel was in advanced negotiations with the Tata Group in October of last year to buy Tata Play. This move would have strengthened Airtel’s position in the faltering digital TV market and improved its bundled offerings, ultimately increasing non-mobile revenues through convergence.
TATA Expanding its Network in Entertainment Space
The aforementioned development happened one month after it was reported that Tata Sons intended to invest in its digital division, Tata Digital, by the middle of 2025. A few weeks ago, the competition authority granted approval to Tata Electronics Private Limited’s (TEPL) plan to purchase the majority of Pegatron Technology India. The CCI also gave its approval to Tata Electronics’ proposal to give Pegatron India full ownership of TEL Components, a TEPL subsidiary.
One of the main content distribution platforms in India is Tata Play (previously Tata Sky), which offers Pay TV and over-the-top (OTT) services via its Tata Play Binge platform. The parties (Tata Sons and Tata Play) claimed in their submission to the CCI for evaluation of the proposed transaction that it would not have a negative impact on competition in any conceivable relevant markets.
As a result, the definition of the relevant market may stay open, and the CCI may evaluate the deal in light of India’s wired broadband internet services as well as the complementary relationship between web-based services like Tata Play Binge and internet access offered by Tata Sons through its affiliates, the statement continued. Based on Tata Sons’ application to the CCI, is it feasible that the company has chosen to keep the internet piece of Tata Play while letting go of the distribution platform operator’s video services section.
Bengaluru (Karnataka) [India], January 28: Aexo Aerospace, a pioneering Indian startup, is set to redefine Urban Air Mobility (UAM) with the launch of its innovative Electric Vertical Takeoff and Landing (eVTOL) technology. Headquartered in Bangalore, Aexo Aerospace focuses on revolutionizing the future of mobility by creating safe, sustainable, and efficient Personal Aerial Vehicles.
With a focus on groundbreaking advancements, Aexo Aerospace’s product lineup includes
Single-Seater eVTOLs: Agile and versatile models, ranging from rugged configurations for the defence to fully enclosed designs for urban commuters.
Three-Seater eVTOLs: Designed for emergency medical services, government operations, and efficient commuter air travel.
Additionally, Aexo Aerospace is instigating the development of proprietary vertiports, enabling seamless integration of eVTOLs into urban ecosystems.
“Our mission is to make personal flight as transformative as the automobile once was,” says Sourav Samantara, founder of Aexo Aerospace. “We envision a world where sustainable, accessible, and safe air mobility is a part of everyday life.”
Foundation for a Sustainable Aviation Future
The journey of Aexo Aerospace is inspired by a vision to innovate with purpose and make aerial mobility accessible to everyone. Sourav Samantara, a former Merchant Navy Officer and serial entrepreneur, established the company to channel his passion for reshaping transportation and creating new possibilities for how we connect and travel.
While regulatory uncertainties still pose challenges for the nascent Advanced Air Mobility (AAM) sector, Aexo Aerospace is committed to advancing technology and collaborating with the stakeholders to implement a robust framework for the Indian Urban Air Mobility Revolution.
“We aim to innovate with purpose,” said Sourav Samantara, founder of Aexo Aerospace. “Our efforts are to bring humanity closer to a future where skies are open to all.”
Aexo Aerospace has made remarkable advancements, with its first prototype to set flight within the next two months. The commitment to revolutionize aerospace extends beyond technology with the company’s advanced air mobility initiatives aimed at societal upliftment by enhancing emergency response capabilities by connecting remote regions with vital services and eco-friendly transportation, as well as investing in education and skill development.
Join the Revolution
Aexo Aerospace invites investors, aviation enthusiasts, and collaborators to join them in revolutionizing urban air mobility. With safety, innovation, sustainability, and accessibility at its core, Aexo is paving the way for a connected, airborne future.
For more information or to connect, visit the Aexo Aerospace website, aexo.in, and follow Aexo Aerospace on LinkedIn and Instagram.
About Aexo Aerospace
Aexo Aerospace is an Indian aerospace startup dedicated to transforming Urban Air Mobility (UAM) through innovative Electric Vertical Takeoff and Landing (eVTOL) technology. With a vision to make Personal Aerial Vehicles accessible and sustainable, Aexo Aerospace is at the forefront of reshaping how people connect and travel.
2.61 Cr equity shares have been distributed by listed foodtech giant Swiggy through its different employee stock option (ESOP) plans. Swiggy announced in an exchange filing on January 25 that the nominating and compensation committee had authorised the distribution of 2,61,93,411 equity shares of the firm in response to qualified workers exercising their stock options under the Swiggy ESOP Plans 2015 and 2021. Swiggy’s paid-up equity share capital rose from INR 2.23 Cr to INR 2.26 Cr after this allocation. The newly allotted shares are worth INR 1175.69 Cr, with Swiggy’s shares closing 2.7% lower on the BSE at INR 448.85 each on the last trading session of January 25.
Swiggy’s ESOPs
Swiggy launched its sixth employee stock option plan (ESOP) liquidity program last year, valued at $65 million (about INR 543.5 crore), prior to its offering. In June 2018, Swiggy introduced the first ESOP program. In 2021, it then announced two ESOP liquidity programs valued between $35 and $40 million. In 2022 and 2023, the two tranches under this were finished. Recently, the firm managed by Sriharsha Majety released a new app called “SNACC,” which aims to provide a 15-minute food delivery service in specific areas of Bengaluru. Zomato then introduced Bistro, a 10-minute meal delivery service.
ESOP is Getting Popular Among Startups
According to a 2024 survey of 160 companies, 78% of them offered employee stock option plans (ESOPs) to their staff, a considerable increase from 59% in 2021. This indicates that ESOPs are becoming more and more popular among startup owners. More firms are now offering ESOPs to all employees, not only senior management, according to a survey done by Saison Capital, XA Network, and Carta. Compared to one in four in 2021, one in three firms now provides these plans to all employees.
Furthermore, the median ESOP pool size grew from 9% in 2021 to 12.6% in 2024, and 90% of founders now talk about ESOPs with candidates during interviews or job offers, up from 75% in 2021. Additionally, the reasons for providing ESOPs have changed; in 2024, 40% of founders cited cost reductions, up from 28% in 2021.
The founders cited the necessity to retain people as the second most important reason for putting these plans into action, behind creating a sense of ownership and company culture. Even with this increase, fewer than 30% of founders still fully understand the complexity of ESOPs, a percentage that hasn’t changed since 2021.
Indian book publishers and their foreign counterparts have accused OpenAI of utilising proprietary content to train its ChatGPT chatbot in a copyright case they filed in New Delhi, according to a group’s spokesperson.
According to a media outlet, the complaint was brought in December at the Delhi High Court by the Federation of Indian Publishers, which has members including Bloomsbury, Penguin Random House, Cambridge University Press, Pan Macmillan, Rupa Publications, and S. Chand and Co. A similar complaint against OpenAI, filed by the Indian news service ANI, is also pending in court. The complaint demands reimbursement for its use and attempts to prevent OpenAI from gaining unauthorised access to copyrighted content, according to Pranav Gupta, general secretary of the federation.
In an interview, Gupta stated that the federation had asked the court to prevent OpenAI from accessing its copyrighted material. They should remove datasets used for AI training and specify how the federation will be paid if they choose not to engage in licensing with the federation. Creativity is impacted by this, he added further.
A Tug of War Between AI and Copyright Issues
The case joins an increasing number of international legal actions taken against tech companies that are allegedly training generative AI systems with copyrighted material. Authors, singers, and news organisations are bringing claims to courts all over the world to defend their intellectual property.
Supported by Microsoft and credited with sparking interest in generative AI with the 2022 release of ChatGPT, OpenAI has refuted claims of copyright infringement, claiming that its systems use publicly accessible data fairly. According to the federation’s lawsuit, ChatGPT’s book summaries are detrimental to the publishing sector. Using copyright limitations as an excuse, an international media agency’s report showed that ChatGPT could produce thorough chapter-by-chapter summaries of Harry Potter and the Philosopher’s Stone without actually reading the book.
“Why would people purchase books if this free tool generated book extracts and summaries?” Gupta stated. “All of our members are worried about this because it will affect our sales.”
What are OpenAI’s Recommendations?
OpenAI has maintained that Indian courts lack jurisdiction since its servers are situated overseas and that any court order to remove training data could breach its legal responsibilities in the US. The federation responds, however, that OpenAI’s activities in India are governed by regional legislation.
By including disclaimers in its books that forbid utilising any portion of them for AI training, Penguin Random House has already taken action to safeguard its content worldwide. A judge is scheduled to hear the lawsuit on January 28 after the Delhi High Court registrar requested OpenAI to reply to the federation’s argument.
In 2023, OpenAI hired Pragya Misra, a former WhatsApp executive, to manage partnerships and public policy in India, demonstrating the company’s considerable progress in the country. With 1.4 billion people and a fast-expanding internet user base, India is an important market for tech companies.
ByteDance, the parent company of TikTok, has received a revised proposal from Perplexity AI that calls for the formation of a new firm that would combine Perplexity with TikTok’s US operations. The US government would be able to own up to 50% of the organisation under this new structure, according to an AP investigation. According to the source, the revised proposal, which was filed last week, expands upon a previous one that was given to ByteDance on January 18, the day before the US law that banned TikTok went into force.
The initial plan included a structure for combining Perplexity, a San Francisco-based company, with TikTok’s US operations and obtaining more capital from investors. The plan provides ByteDance with a compromise that permits it to keep some ties to TikTok without completely cutting them off. ByteDance would have to cede control to a board that is entirely based in the US, though.
According to the updated plan, upon an initial public offering (IPO) of at least $300 billion, the US government might purchase up to half of the new company’s shares. According to media reports, the US government would not be granted a seat on the company’s board or have voting rights over these government-owned shares.
Crucially, the deal states that the US business that ByteDance provided would not include TikTok’s secret technology, which forms the basis of the app’s content recommendation engine.
Trump Supporting Musk to Crack TikTok Deal
In the past, US President Donald Trump has spoken out in favour of Tesla CEO Elon Musk purchasing TikTok, proposing an innovative deal whereby the US government would control 50% of the company in return for operating licenses.
At a press briefing on January 21, Trump responded, “I would be, if he wanted to buy it, yes,” in response to a question regarding Musk’s potential interest in the platform. Additionally, he named Larry Ellison, the chairman of Oracle, adding, “I’d like Larry to buy it, too.”
TikTok Restores Services in USA
Following U.S. President Donald Trump’s announcement last week that he would restore TikTok’s access in the nation if he regained power, the app’s services were resumed. Due to a law citing national security, TikTok blocked its app for users in the United States.
President Donald Trump stated on 25th January that he was in discussions with several parties about purchasing TikTok and that he would probably make a decision regarding the future of the well-known app within the next 30 days.
Growth of Perplexity AI
Over the previous 12 months, Perplexity AI has grown significantly. The company was valued at approximately $500 million at the beginning of 2024. By year’s end, the figure had risen to $9 billion. This expansion was greatly aided by the generative AI boom, as more investors recognised the potential of AI search tools as a significant threat to Google. Nevertheless, Perplexity hasn’t had an easy time. The business has occasionally been in the news for the wrong reasons due to criticism it has received for alleged plagiarism.
By providing supply chain financing, raw material procurement, and customized loan facilities, OfBusiness aims to meet the financial needs of companies in a range of industries. By giving them access to operating finance and streamlining procurement procedures, OfBusiness seeks to empower SMEs.
About OfBusiness
Established in 2015 by Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra, Vasant Sridhar, and Nitin Jain OfBusiness is a fintech startup based in India that focuses on offering cutting-edge financing options and procurement services to the nation’s small and medium-sized businesses (SMEs). By meeting their financial and operational demands, its technology-driven SME financing platform helps SMEs grow. The organization has created proprietary algorithms to predict business performance and do financial profiling of SMEs using non-traditional data sources. More than 1000 SMEs from more than ten industries, including manufacturing, healthcare, and construction, make up OfBusiness’ diverse clientele. The company is based in Gurgaon, India, and employs more than 300 individuals.
Lending and procurement services are the foundation of OfBusiness’s business model. In terms of lending, the business provides working capital loans and other financial solutions that are suited to the unique needs of SMEs. In terms of procurement, the platform helps companies find products and raw materials at affordable costs by negotiating with suppliers to guarantee cost-effectiveness. OfBusiness has established itself as a key partner for SMEs looking for comprehensive solutions to improve their operational efficiency and growth through its twin approach of offering financial support and streamlining procurement procedures.
How OfBusiness Make Money | OfBusiness Revenue Model
OfBusiness generates revenue by integrating several business models.
Generating revenue through financial lending: Ofbusiness is a great alternative for SMEs because it offers loans up to $20 million at a rate of 15-18%, compared to 24-48% offered by local lenders and dealers. The corporation makes 43% of its total income from these low-interest loans.
Generating revenue through the sale of raw materials: Sales of raw materials account for about 55% of the company’s total revenue.
Generating revenue through eCommerce: At present, OfBusiness’ eCommerce activities generate a profit margin of 5-10% on sales. However, the company plans to acquire more companies to boost this margin to 20% and obtain a better grip on the supply chain.
OfBusiness Financials FY24
OfBusiness Revenue Breakdown
FY22
FY23
FY24
Operating Revenue
INR 7,140 crore
INR 15,343 crore
INR 19,296 crore
Total Expenses
INR 6,994 crore
Rs 15,037 crore
INR 18,696 crore
Profit/Loss
Profit of INR 201 crore
Profit of INR 463 crore
Profit of INR 603 crore
OfBusiness Financials
OfBusiness has shown significant growth in recent years. In FY22, the company reported an operating revenue of INR 7,140 crore and a profit of INR 201 crore. By FY23, its revenue surged to INR 15,343 crore with a profit of INR 463 crore, and in FY24, revenue further grew to INR 19,296 crore, with a profit of INR 603 crore. Total expenses also increased in line with the revenue growth, reaching INR 18,696 crore in FY24.
USP of OfBusiness
To conduct financial profiling and provide performance predictions, OfBusiness makes use of proprietary algorithms and non-traditional data sources. This method reduces the usual dangers of small and medium enterprise (SME) loans, opening the door to more accessible banking services. A lot of people are interested in this new model. With a diverse customer base of over a thousand SMEs spanning over ten sectors, including construction, healthcare, and manufacturing, OfBusiness is experiencing relentless growth, mirroring the sentiment expressed by Gartner’s report that companies utilizing advanced data analytics are 23% more likely to experience revenue increases.
SWOT Analysis of OfBusiness
OfBusiness SWOT Analysis
OfBusiness Strengths
Strong emphasis on serving a varied clientele within the industrial sector.
Effective management of the supply chain allows for the efficient delivery of services.
Dynamic executive team with extensive expertise in the field.
Opportunity to tap into India’s extensive supplier and manufacturer network.
OfBusiness Weaknesses
The potential for expansion could be stunted if the Indian market is over-emphasized.
Possible obstacles to implementing and enforcing quality control measures over an extensive supply chain.
Prone to changes in the economy that have an impact on manufacturing.
Logistics and inventory management contribute significantly to the high operational costs.
OfBusiness Opportunities
Industrial goods and services are seeing a surge in demand in developing economies.
Opportunity for growth in foreign markets, decreasing dependency on India.
Improved operational efficiency and stronger consumer engagement can be achieved through technological developments.
The quality of services provided might be improved by joint ventures with other companies in the sector.
OfBusiness Threats
There is a lot of rivalry in the industrial sector from both well-established companies and new ones.
Investment in industrial goods and consumer expenditure are both affected by economic downturns.
Constant investment and adaptability are required due to the rapid pace of technological progress.
Both pricing tactics and profit margins are susceptible to fluctuations in the cost of raw materials.
As a company, OfBusiness is well-positioned for growth because of its solid base and history of success. The company’s long-term goal is to provide SMEs with even more advanced solutions by expanding its operations throughout more regions and enhancing its technology infrastructure. An integral part of this growth will be the ongoing improvement of their data analytics capabilities and unique algorithms. Ultimately, OfBusiness stands out in the SME environment as an innovative and inclusive fintech firm. Providing all-encompassing procurement and finance solutions, OfBusiness has made a significant mark on the Indian economy and established itself as a unique player in the market. Looking forward, OfBusiness’s story will be one of unfaltering support for small and medium-sized enterprises (SMEs), the bedrock of every economy, and continuous development and innovation.
FAQs
What is OfBusiness?
OfBusiness is an Indian B2B platform that provides small and medium enterprises (SMEs) with two core services: lending and procurement. It offers working capital loans tailored to SMEs’ unique needs and helps them procure raw materials and products at competitive prices by negotiating with suppliers.
What is OfBusiness business model?
OfBusiness operates a dual business model, offering SMEs tailored working capital loans and affordable procurement services by negotiating with suppliers, boosting efficiency and growth.
How does OfBusiness make money?
OfBusiness earns through loan interest and margins on procurement services.
Who are OfBusiness founders?
The company was founded in 2016 by husband-wife duo Asish Mohapatra and Ruchi Kalra, along with Vasant Sridhar, Bhuvan Gupta, and Nitin Jain.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
Larsen & Toubro Limited, commonly known as L&T, is an Indian conglomerate involved in technology, engineering, construction, manufacturing, and financial services, with global operations. The company is headquartered in Mumbai, Maharashtra, India. The business interests of the company lie in basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services.
Read on to find out more about L&T’s history, founders and owners, net worth, business model, growth, competitors, revenue model, acquisitions, future plans, and more.
Larsen & Toubro Limited (‘Larsen & Toubro’ or ‘L&T’) is a USD 12.65 billion technology (as of 2024), Indian technology engineering, construction, projects, manufacturing, and financial services conglomerate, with global operations. It addresses critical needs in key sectors – infrastructure, construction, defense, hydrocarbon, heavy engineering, power, shipbuilding, aerospace, electrical & automation, mining and metallurgy.
Recreating the Sun – L&T
Three key products/services in which L&T is engaged are Construction and project-related activity, manufacturing and trading activity, and engineering services.
For administrative purposes, L&T has been structured into five broad categories:
Construction: This covers Buildings & Factories, Heavy Civil Infrastructure, Transportation Infrastructure, Power Transmission & Distribution, Water & Effluent Treatment, Metallurgical & Material Handling and Smart World & Communication;
EPC Projects: This includes Hydrocarbon Engineering, Power and Power Development;
Manufacturing: This includes Defence Equipment & Systems, Heavy Engineering, Construction, Mining & Industrial Machinery, Industrial Valves and Electrical & Automation Systems;
Services: This includes Realty, Information Technology, Technology Services, and Financial Services.
Others: This includes Hyderabad Metro, Infrastructure Development Projects and corporate functions
Larsen & Toubro forayed into the Edtech space with the launch of L&T EduTech in October 2021. Sabyasachi Das has been appointed as the CEO of L&T EduTech, which will offer various courses centered around the engineering and technology verticals.
Larsen & Toubro – Logo and its meaning
The L&T logo comprises a monogram that is in blue.
L&T Logo
Larsen & Toubro – Founder and History
Larsen & Toubro was founded in 1938 in Mumbai by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro.
Henning Holck-Larsen & Søren Kristian Toubro – Founders, L&T
The company began as a representative of Danish manufacturers of dairy and allied equipment. However, with the start of the Second World War in 1939 and the resulting blockade of trade lines, the partners started a small workshop to undertake jobs and provide service facilities. Germany’s invasion of Denmark in 1940 stopped supplies of Danish products. The wartime need to repair and refit and degauss ships offered L&T an opportunity, and led to the formation of a new company, Hilda Ltd, to handle these operations. L&T also started to repair and fabricate ships signaling the expansion of the company. The sudden internment of German engineers in British India (due to suspicions caused by the Second World War), who were to put up a soda ash plant for the Tata’s, gave L&T a chance to enter the field of installation.
After India’s independence in 1947, L&T set up offices in Calcutta (now Kolkata), Madras (now Chennai) and New Delhi. In 1948, 55 acres of undeveloped marsh and jungle were acquired in Powai, Mumbai. A previously uninhabitable swamp subsequently became the site of its main manufacturing hub. In December 1950, L&T became a public company with a paid-up capital of ₹20 lakh (US$28,000). The sales turnover in that year was ₹1.09 crore (US$150,000). In 1956, a major part of the company’s Mumbai office moved to ICI House in Ballard Estate, which would later be purchased by the company and renamed L&T House, its present headquarters.
SN Subrahmanyan | Chairman and MD, L&T
L&T appointed SN Subrahmanyan as the Chief Executive Officer & Managing Director of Larsen & Toubro. He took over the reins from Mr Anil Manibhai Naik on 1 July 2017 later he became chairman and managing director of L&T.
“To develop and deliver high quality education and research in project management in consonance with the vision of L&T by providing state-of-the-art infrastructure and learner friendly atmosphere with innovative pedagogy thereby creating a pool of world-class and socially responsible project professionals.”
Larsen & Toubro – Business Model
Customer Segments: L&T has a niche market business model, with a specialized customer segment. The company targets its offerings at firms that operate in the industrial sector.
Value Proposition: The company creates accessibility by offering a wide variety of options. It is a multinational, diversified conglomerate, operating in numerous product/service categories including technology, engineering, construction, manufacturing, and financial services. The company has established a strong brand due to its success. It is one of the five biggest fabrication companies in the world, with more than 130 subsidiaries and 15 associate firms. It bills itself as India’s largest engineering and construction company and one of its largest multinational firms.
Channels: L&T’s main channel is its business development team. The company promotes its offerings through its website, social media pages, advertising, and participation in conferences.
Customer Relationships: L&T’s customer relationship is primarily of a personal assistance nature. The company provides comprehensive training to customers as well as extensive phone and email support.
Key Activities: L&T’s business model entails designing, developing, and manufacturing its products, as well as offering services to customers.
Key Partners: L&T company maintains technology alliances (e.g., joint ventures) with various firms to provide best-in-class services for its customers. The firms represent various sectors, including Power, Construction, and Hydrocarbon. Specific partners are GULF Interstate Engineering, Chiyoda Corporation of Japan, Mitsubishi Hitachi Power Systems (MHPS), Sargent & Lundy, and Valdel.
Larsen & Toubro (L&T) generates money from different revenue streams:
Engineering and Construction: L&T earns significantly from building large-scale projects like roads, bridges, power plants, and water systems.
Technology Services: Through L&T Technology Services (LTTS), it provides tech and research services to clients in sectors like automotive, aerospace, and telecom.
Financial Services: L&T Finance offers loans, insurance, and investment products to people and businesses.
Manufacturing: L&T makes machines and other heavy products for industries like energy, chemicals, and defense.
Real Estate: The company also makes money from building and managing properties.
This helps L&T stay strong financially, even when the economy changes.
Larsen & Toubro – Net Revenue from 2018 to 2024
Larsen & Toubro – Investments
As per reports on January 2025, L&T Semiconductor Technologies (LTSCT), a fully owned subsidiary of Larsen & Toubro, plans to invest over $10 billion in a silicon fabrication plant. This investment will proceed once the company gains clear visibility by 2026-27 of achieving a revenue run rate of at least $1 billion per year from selling its own patented chips and semiconductor products, which will be manufactured by third parties, in both Indian and global markets.
Larsen & Toubro Limited invested in City Union Bank on Dec 1, 2006. This investment – Post-IPO Equity – City Union Bank – was valued at INR 45 crore.
Larsen & Toubro – Acquisitions
Larsen & Toubro Limited has acquired 2 organizations. Their most recent acquisition was Intelliswift in November 2024.
Acquiree Name
Date
Amount
About Acquiree
Intelliswift
November, 2024
–
Intelliswift is a software solutions and services company
MindTree
Jun 3, 2019
–
MindTree was started in 1999 by a diverse team of 10 professionals who came from three different nations and had already scripted
Labor shortage: L&T Group Chairman S N Subrahmanyan revealed that the company is currently facing a shortage of over 45,000 workers and engineers across its various businesses. The flagship engineering, procurement, and construction sector is dealing with a shortage of 25,000 to 30,000 laborers, while the IT and IT-enabled services division is short of 20,000 engineers, he shared with reporters.
The company faced this challenge after COVID-19 too.
When asked for comments about the migrant labours crisis, S N Subrahmanyan, MD and CEO, L&T, told, “We had 2.25 lakh labourers working with us pre-Covid; now we have 1.2 lakh people with us. We need to get back one lakh people to resume operations.”
L&T is also banking on onboarding numerous laborers coming from the Gulf region who have been laid off due to the significant fall in oil prices.
Larsen & Toubro – Future Plans
Larsen & Toubro (L&T) plans to invest in sustainable construction, digital technologies, and oil-to-chemicals projects.
Sustainable Construction: L&T is teaming up with Komatsu to create construction and mining equipment that can run on biodiesel. The company is also adding renewable energy, like solar panels and wind turbines, into building designs.
Digital Technologies: L&T is using digital tools to improve how buildings are designed, built, and managed. It has also introduced a Smart Construction solution to make the process more efficient.
Oil-to-Chemicals Projects: L&T plans to invest in oil-to-chemicals projects in the Middle East to expand its reach in the energy sector.
Larsen & Toubro – Conclusion
L&T is engaged in core, high-impact sectors of the economy, and our integrated capabilities span the entire spectrum of ‘design to deliver’. With 8 decades of a strong, customer-focused approach and a continuous quest for world-class quality, they have unmatched expertise across Technology, Engineering, Construction, Infrastructure Projects, and Manufacturing, and maintain leadership in all our major lines of business.
FAQs
What is L&T?
Larsen & Toubro Limited (‘Larsen & Toubro’ or ‘L&T’) is a USD 17 billion technology, Indian technology engineering, construction, projects, manufacturing, and financial services conglomerate, with global operations.
Who is L&T founder?
Larsen & Toubro was founded in 1938 in Mumbai by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro.
Is L&T Indian company?
Yes, L&T is an Indian company.
What is L&T company full form?
L&T full form is Larsen & Toubro.
Who is the L&T owner?
S N Subrahmanyan is the chairman and managing director of L&T.
Which is L&T company owner country?
Larsen & Toubro (L&T) is an Indian multinational company, and its ownership is primarily held by Indian shareholders. The company was founded in India and is headquartered in Mumbai, Maharashtra. It is listed on the Indian stock exchanges.
What is Larsen and Toubro business model?
Larsen & Toubro (L&T) has a diversified business model, earning revenue from sectors like engineering, construction, technology, manufacturing, and financial services. It handles large infrastructure projects, offers tech solutions through L&T Technology Services, manufactures products for defense and energy, and provides financial services through L&T Finance. This wide-ranging approach ensures stability and growth.
Valentine’s Day is a special occasion that celebrates love and togetherness. Whether you’re a newlywed, a long-time partner, or simply looking to start a new chapter in your life, starting a business with your significant other can be a romantic and rewarding experience.
Aiming towards a mutual goal will do wonders in strengthening your relationship and giving you a sense of purpose and fulfillment.
‘Behind every successful man is a strong woman,’ and the same can be said for successful couples in business.
Another famous quote that rings true for couples in business is, ‘Two heads are better than one.’
We strongly believe that by working together, couples can leverage each other’s strengths and support each other in areas of weakness.
Starting and running a business as a couple can be an exciting and fulfilling journey, but it also comes with its share of challenges. Like post-pandemic, many couples find it challenging to balance their personal and professional life because of the sudden shift to remote work.
In addition, the unstable economic environment,sadly, made it challenging for many couples to get financing for their businesses or sustain them.
While on the brighter side, there are couples who conquer challenges and support each other in their entrepreneurial journey. When two hearts come together with a strong commitment, open communication, and a shared vision, there’s no stopping them from achieving their goals and reaching for the stars! Agree?
So let’s embark on a journey to discover exciting low-cost partnership business ideas with a high profit that you can start with your partner.
But before we dive into the ideas, it’s important to keep in mind that the business you choose will depend on various factors such as your skills, interests, experience, market demand, and any other relevant considerations. So, take your time to carefully consider these factors before making a decision.
In order for you to pick one, here’s the curated list of 25 low-cost business husband and wife startup ideas with high profits.
If you and your partner are good cooks, then you can start with the cloud kitchen concept. The success rate can be higher than a restaurant because the overhead is much lower. You can use your home kitchen for the preparation of delivery-only meals.
You can tie up with online food ordering and delivery platforms like Zomato and Swiggy to deliver your meals to the customer. This business idea is quite popular nowadays as it does not include any dine-in options. So you don’t have to worry about the physical outlet.
2. Coffee Shop
Profitable Business Ideas for Couples – Coffee Shop
A coffee shop does not require a lot of space, and having a limited menu is a good way to focus on this couple’s business idea. You can start your own theme-based cafe, where you can come up with your ideas for menu, creativity, and interiors.
If you’re worried about space, then you can start this business from your home by renovating a small part that you think would be fit to start a coffee shop. It could be a profitable business for couples if you do it right.
3. Online Educational Resources
Selling online courses, e-guides, instructional manuals, advice books, or virtual tutoring sessions are all inexpensive ways to start an online education business.
You can keep your costs to a minimum while you grow your business. This is an ideal low-investment business idea for a couple. You can include customized videos or lesson plans and also include different online course curricula. One can focus on creating educational resources while the other can focus on the business development, accounting, and marketing side of the business.
4. Wedding Products and Services
If you also think that wedding products and services are putting a lot of cost into your pocket, then you can think of this business. The business opportunities in the wedding industry are pretty extensive, which means you can likely find something in line with your partner’s interests and skillsets.
You can offer unique wedding planning products and services to your clients at an affordable price range. If you have any wedding-related products and services to offer couples, get your business rolling by reaching out to every wedding planner you can locate.
Profitable Business Ideas for Couples – Blogging/Vlogging
If you’re also creative, you can start a personalized blog/vlog along with your partner and turn it into a business. It may sound boring but it would benefit you financially. In blogging, you can explore various options like food blogs, travel blogs, lifestyle blogs, fashion blogs, sports blogs, fitness blogs, movie review blogs and much more.
You can write down your thoughts and have readers understand certain topics or start creating video content that you think your audience may like. Vlogging has become quite popular these days. You would have noticed people documenting their travels or talking about wellness & lifestyles on their vlog. You can start your own YouTube channel, just like other couples, that adds value to your audience.
6. Subscription Business
If you’re looking for a business idea that ensures regular and recurring income, then the subscription business idea would be the best choice. You can come up with a product service or information that is used by the customer regularly.
But first, you have to provide free services and once the customer starts liking your service you can charge the subscription fee. Like if you have an interest in movies, dramas, and all then you can think of creating a website via which you can provide free downloads of the same and after a certain point, you can charge the subscription amount from the user.
7. Home Rentals
Profitable Business Ideas for Couples – Home Rentals
Starting a business doesn’t mean you have to come up with all new items or increase your overhead. If you own a property, you can start a rental business to earn a good amount of money.
You can renovate your house and turn it into an income-producing rental in a month. It can be started with zero or low investment as well. Just rent out a small portion of your house to someone who is seeking it. Later on, you can renovate or increase the area as per the needs of the tenants.
8. Fitness Instructor
Best Business Ideas for Couples – Fitness Instructor
If you’re a couple that runs and hits the gym together, launching a fitness business could be right for you. A Fitness Instructor, also known as a Personal Trainer, provides training and instruction in fitness programs to individuals and groups. You can become a certified trainer as it will help you to expand your customer base. You can instruct your clients in exercise routines and weight loss programs and help them to reach their individual goals.
Fitness Instructor Responsibilities:
Support the development and delivery of fitness programs.
Assist members in reaching individual goals.
Assist in maintaining and improving the goals of the organization.
Ensure the safety of clients during training sessions.
Conduct an initial assessment of clients’ body measurements.
Monitor BMI regularly.
Motivate clients who have reached a plateau in weight loss.
9. Travel Agency
If traveling around the world is your hobby, then you can think of opening a travel agency to help others experience wonderful vacations. Ever since the pandemic arrived, people have been cooped up at home. But once this pandemic is over, there will be a surge in the travel industry. So it’s high time for you to plan on this idea.
Your travel business agency can help them plan, choose, and arrange their holiday. You can offer advice and opinions on where to go to local tourist attractions, events, and customs as per their budget.
10. Landscape and Garden Consultancy
This pandemic has created a new generation of enthusiasts who have found landscape gardening not only exciting but also a source of income. People have started turning their small backyard into a garden not just for time passes but also to meet the daily price hikes of vegetables and fruits.
So, if you’ve mastered gardening, you can take this talent as an opportunity to create income. You can become a Landscape and Gardening Consultant to help homeowners come up with a plan of what and how should it be done and guide them on the best areas to plant trees.
11. Consultant
Best Business Ideas for Couples – Consultancy
As a couple, you can think of a consultancy business wherein you can provide expert advice in particular areas such as business, education, law, regulatory compliance, human resources, marketing (and public relations), finance, health care, engineering, science, security (electronic or physical), or other specialized fields. You can provide consultancy based on your skills and expertise. This could be a great business idea with low investment.
12. Bakery Shop
Profitable Business Ideas for Couples – Bakery Shop
Covid-19 has not only come up with hard times but also left an exciting opportunity one can think of. The baking craze has ramped up during this pandemic. If you also love baking, you can check out this option as well. You can start with home baking and slowly and gradually turn it into a physical outlet. You can sell your products via social media or networks.
Digital marketing agencies are ruling the world of marketing. Digital marketing is no doubt the present and the future of marketing, and it has been since the emergence of the internet and digitalization. Therefore, it is not a big deal to say that digital marketing is here to stay. Starting a digital marketing agency can also be one of the most profitable couple business ideas with a passion for creativity and strategy.
All these are reasons enough that you and your husband/wife/partner can start your digital marketing startup. Starting a digital marketing agency shall certainly be one of the most affordable business ideas for couples provided that both of them or at least one of them is an experienced digital marketer.
14. Gifting Business
Gifts never fail to delight us. In fact, all of us absolutely love receiving gifts from others. Regardless of whatever gift we receive, we toss in joy no doubt. Gifts are for all seasons whether it is Valentine’s Day or someone’s birthday. Moreover, gifting is increasing day by day.
This is why if you are looking to set up a small business for couples, then the gifting business would be great. However, creative skills would certainly be put to the test in businesses like these. Therefore, the couple ought to be creative. You may also like to check out how these top couple entrepreneurs in India have made their mark and inspired others in the business world
15. Handmade Jewelry Business
Profitable Business Ideas for Couples – Handmade Jewelry
Jewelry is one of the best gifts especially when it comes to gifting his/her family/special one, and nothing can beat the emotions of the wrap a present in the form of a piece of jewelry that is handmade.
A handmade jewelry business can thus be an affordable business idea if you are asking yourself “What business can I start with my wife?”
16. Eco-friendly Cleaning Service
Offer cleaning services using only environmentally friendly products. Unlike conventional cleaning products, green cleaning products are created using safe, non-toxic, and biodegradable ingredients.
The demand for eco-friendly products and services is increasing, as consumers become more conscious of the impact their choices have on the planet. By offering eco-friendly alternatives, you can tap into this growing market and help to drive change.
“> 18. Pet Care Services
Small Business Ideas for Couples – Pet Care
Offer pet sitting, dog walking, and grooming services. Pet care services are high in demand these days, especially in cities where people have busy schedules. By starting a pet grooming business, couples can turn their pet love into a profitable business. And guess what, it can be started with minimal resources. So if you and your spouse are pet or animal lovers, this business is best for you. It can be one of the most interesting young couple business ideas.
social network sites for entrepreneurs to network and grow your business.
With the right skills and a bit of creativity, this can be an economical and highly profitable business opportunity.
20. Personalized Greeting Card Service
Create custom greeting cards for birthdays, holidays, and other special occasions. Personalized gift cards are the best way to show loved ones that they are remembered. By offering a personalized greeting card service, couples can use their creative skills to create custom cards for birthdays and other special occasions. Like the rest of the above couple partnership business ideas, this also requires less investment and can be run from a home office making it one of the most profitable couple business ideas.
21. Online Personal Styling
Couples can offer personal styling services to clients through video calls, chats, emails, etc. This business requires minimal investment for marketing and branding and can be run from a home office with a computer, mobile phone, and internet connection. This is one of the best online business ideas for couples.
You can offer services like creating customized outfits, organizing wardrobes, and shopping recommendations.
22. Printables
The great thing about this business idea for couples is that you likely already have the necessary software on your PC. You can easily start creating beautiful printables and selling them online. It’s a low-cost, creative venture perfect for those who enjoy designing, and it allows you to work together from the comfort of your home while reaching a global audience. Printable on-demand is one of the most fun and creative businesses for couples.
Tutoring will always be in demand as long as kids are in school, making it a great business idea for couples. You and your spouse can start tutoring online, combining your strengths in different subjects to cater to a wider range of students. This flexible and rewarding venture allows you to work from home, set your schedules, and make a positive impact on students’ education while generating a steady income. Plus, you can grow your reach by offering group sessions or specialized courses. Providing online tutoring is one of the low-investment online business ideas for couples.
24. Making Zero-Waste Products
If you care about the environment, you can make zero-waste products like biodegradable straws, reusable containers, and bags. These eco-friendly items are popular because more people want to live green. You can start small by selling online or at local markets and grow your business as more people discover your products. It’s a simple way to help the planet while running a profitable business. It can be one of the most sustainable businesses for couples to start.
If you and your spouse are good at organizing family events, you could do it for others too. You can plan team events, conferences, festivals, birthdays, and weddings. Planning for others is different from doing it for yourself, but it can feel natural if you enjoy it. This could be a fun and successful business idea, and as you gain experience, you can take on bigger events and grow your business.
Finally, bringing It All Together…
Whether you’re just starting out or have been running a business together for years, always remember to keep the romance and love alive in your relationship. It’s the glue that will hold you together through the ups and downs of entrepreneurship.
So, take a chance on your dreams and on each other. With hard work and a shared vision, the sky’s the limit.
Remember, as the famous quote goes, ‘The greatest thing you’ll ever learn is just to love and be loved in return.’ Happy Valentine’s Day, and happy entrepreneurship!:)❤❤
FAQs
What business should I start in 2025?
There is a big risk in starting an in-trend business idea but it can be highly rewarding as well. Here’s a list of some of the trendy and highly growing popular business ideas.
Dropshipping
Virtual Assistant
Website Flipping
Online Tutoring
WordPress Support
Software Education
What kind of business can I start with low capital?
There are many businesses one can start today with low or no capital. Some good business ideas for couples that can be started with low investment include:
Content creation
Virtual Assistant
Event planning services
Social media consultant
Online courses and Tutoring
Can couples run a business together? What are the best couples business ideas?
Of course, they can run a business together if they have the willingness to do so and share some thoughts and skillsets. Couples can start businesses like event planning, online tutoring, or selling handmade products. They can run a food truck, start a home bakery, or launch a digital marketing agency.
What are the husband and wife business ideas in 2025?
Here’s a list of business ideas for husband and wife in 2025:
Catering Company
Coffee Shop
Online Educational Resources
Wedding Products and Services
Start a Blog/Vlog
Subscription Model
Home Rentals
Fitness Instructor
Travel Agency
Landscape and Garden Consultancy
Consultant
Cake Shop
Handmade jewelry business
Gifting business
Digital marketing agency
What’s the easiest type of business to start?
The easiest business to start is a service business where you can sell your services like skill, labor, and expertise.
What are the best online businesses to start in 2025?
The best online businesses to start in 2025 are as follows:
Affiliate Marketing
Dropshipping Business
Become a Translator
Become an online tutor on Udemy, Unacademy, or any other platform
Instagram Flipping Business etc.
What are the best small business ideas for husband and wife?
Husband and wife can start small businesses like event planning, online tutoring, or selling handmade products. They can run a food truck, start a home bakery, or launch a digital marketing agency. Other ideas include photography services, eco-friendly product sales, pet care services, or renting out party supplies. These businesses are flexible, creative, and perfect for teamwork.
In the dynamic world of early-stage startups, data is more than just numbers—it’s a crucial asset that can drive growth, inspire innovation, and provide a competitive advantage.
In the world of startups, where every decision can make or break the future utilizing data can be the key to success. By harnessing data to identify new market opportunities, monitor competitor activities, and refine their products, startups can make informed decisions that help them stand out in crowded markets.
So let’s take a closer look at how startups can leverage data collection to identify market opportunities, track competitor activities, and refine their product offerings. Here you will find tips for efficient data management and tips for automatable extraction from online sources. Thanks to tools like web scraping API or separate extraction software, we can hit the ground running with a quick adaptation of data-driven decision-making. For more technical details on scraping API use, click here.
Identifying Market Opportunities
Before launching a startup, it’s crucial to start with market validation – a process that will determine if the demand for your product or service is legitimate. Just like with most cases in the age of information, data is the fuel for this process, helping you test assumptions and gather insights from potential customers. You can collect data through online surveys, customer interviews, prototype testing, and A/B testing of ads.
By analyzing quantitative data like survey results and ad metrics, you can spot trends and gauge market interest. Qualitative data from interviews and feedback provides a deeper understanding of customer needs and pain points. The combination of these insights gives you a well-rounded view of the market, revealing opportunities you might miss otherwise.
Data collection also helps identify market opportunities by uncovering consumer behavior and emerging trends. Social media and web analytics can show what’s trending and which products are gaining traction, helping you find gaps in the market. This allows you to develop offerings that meet unmet needs and position your startup strategically.
Combining validation methods with a customer-focused approach ensures a thorough understanding of market needs, allowing you to iterate on your findings and make informed decisions that help your startup succeed in competitive markets.
Tracking Competitor Activities
In addition to identifying market opportunities, data collection is crucial for tracking competitor activities. Understanding what competitors are doing can provide startups with a competitive edge, allowing them to anticipate market shifts and adjust their strategies accordingly.
Startups can use data to monitor competitors’ product launches, marketing campaigns, and customer feedback. Tools like web scraping and competitive analysis platforms can automate the collection of this information, providing startups with real-time insights into their competitors’ actions. By staying informed about the competitive landscape, startups can make strategic decisions that differentiate them from the competition and attract more customers.
Refining Product Offerings
Data-driven insights are also essential for refining product offerings. Startups can use data to understand how customers are interacting with their products and identify areas for improvement. This feedback loop is critical for developing products that resonate with customers and meet their needs.
For example, startups can analyze user data to identify which features are most popular and which are underutilized. Customer feedback, whether through surveys, social media, or platforms of your closest competitors, provides additional insights into what users like or dislike about a product. By incorporating this feedback into product development, startups can make iterative improvements that will enhance the user experience and help escape the unpredictable stages of early development. Thanks to modern online privacy tools and automated extractions with a web scraping API.
Efficient Data Management for Informed Decisions
Efficient data management is key to making informed decisions, especially for startups with limited resources. By organizing and analyzing data effectively, startups can extract meaningful insights that guide their strategic planning and decision-making processes.
Startups should invest in data management tools that streamline data collection, storage, and analysis. Cloud-based platforms offer scalable solutions that can grow with the business, enabling startups to centralize their data, and making it easier to access and analyze. Additionally, data visualization tools can help startups present their findings in a clear and actionable format, facilitating better communication and collaboration among team members.
Integrating Data-Driven Strategies for Growth
To accelerate growth and gain a competitive edge, startups must integrate data-driven strategies into their operations. Here are some actionable insights for doing so:
Conditional Automation: Use automation tools like Tableau, Microsoft Power BI, and a web scraping API of your choice to greatly simplify collection and analysis. This will save time and resources, allowing your team to focus on interpreting new insights.
Data-Driven Culture: Encourage a culture of data-driven decision-making within your organization. Ensure that all team members understand the value of fresh data, especially for an early-stage startup. Your employees should have skills and tools, backed by training from data science experts, to extract valuable information a lot faster, and combine it with conditional automation for effective and immediate leverage. If you’re new to data analytics, consider collaborating with experts or hiring data specialists. Their expertise can help you navigate complex data sets and extract valuable insights that drive growth.
Continuous Monitoring: The market is constantly evolving, so it’s important to continuously monitor data and adapt your strategies accordingly. Make sure to Regularly review your data insights and do not hesitate to shift previously established rules as market conditions shift, requiring new validation steps after some time. Stay attuned to emerging trends, customer preferences, and competitor moves. By maintaining a flexible mindset and data-driven culture, you’ll be far less likely to miss good opportunities and mitigate potential threats, that could kill the startup in its early stages.
Summary
Data analytics is essential for early-stage startups aiming for sustainable growth and success. By integrating data-driven strategies into every facet of your business—from product development to marketing and operations—you’ll unlock valuable insights that can drive your startup forward.
Keep in mind that the true power of data extends beyond informing decisions; it can fundamentally transform how you operate and innovate. So do not hesitate – adopt a data-driven culture for your early-stage startup and strive to become the most well-informed player in your respective market.
Nitin Konde
