The Competition Commission of India has denied InstaAstro’s petition, which alleged that Astrotalk, an online astrology platform, had abused its dominance. The competition commission, in an order, observed that the “informant” (rival platform InstaAstro) failed to provide data or statistics to substantiate its claims that Astrotalk was abusing its dominance. In addition to dismissing the complaint, the CCI asserted that Astrotalk is subject to competitive constraints due to the existence of numerous well-established competitors in the market. The bench, which consisted of Ravneet Kaur, the chairperson of the Competition Commission of India (CCI), and members Anil Agrawal, Shweta Kakkad, and Deepak Anurag, observed that the mere citation of media reports is insufficient to establish antitrust allegations.
In its complaint, InstaAstro, a competitor platform, claimed that Astrotalk was engaging in practices that were purportedly detrimental to market competition. The complainant also alleged that Astrotalk was recruiting its consultant, who was also “upskilled” by InstaAstro, by offering a higher remuneration of up to INR 5 lakh per month. According to InstaAstro, this resulted in financial losses for the company.
Astrotalk Spreading False News to Attract Consultants
InstaAstro also asserted that Astrotalk executed restrictive agreements with the consultants who were taken away, which forbade them from re-engaging with InstaAstro or other competitors. The complaint also claimed that Astrotalk disseminated “false news” in order to “incite” consultants from competing companies to terminate their contracts and depart their organisations. InstaAstro also referenced Astrotalk CEO Puneet Gupta’s statements regarding social media platforms, asserting that the startup possessed 80% of the market. InstaAstro asserted that this implied an abuse of dominance. The order further alleges that Astrotalk is violating the provisions of Section 4 of the Act by poaching astrology consultants and offering them greater remuneration, thereby reducing competition in the relevant market.
Consequently, InstaAstro encouraged the CCI to impose a penalty on Astrotalk and to provide guidance to the latter to cease engaging in anti-competitive practices. It also sought compensation for itself and other participants in the segment that were affected by the alleged anticompetitive practices of Astrotalk. It also requested interim relief in the form of directives to Astrotalk to cease poaching consultants and refrain from engaging into any agreements that would have a detrimental impact on competition. The CCI dismissed the complaint and determined that there was no prima facie case against Astrotalk for violating Sections 3 and 4 of the Competition Act after hearing the case. Consequently, the matter should be immediately resolved in accordance with Section 26(2) of the Act. As a result, the order stated that no case for the grant of relief(s) as sought under Section 33 of the Act has arisen, and the same is also rejected.
CCI Dismissed the Poaching Allegation as well
The CCI stated that the consultants are at liberty to render their services to any entity at their discretion in response to allegations of recruitment. Nevertheless, it stated that these types of cases do not fall within the scope of Sections 3 and 4, which is the section under which InstaAstro filed the complaint. The Commission also stated that the informant’s failure to submit any data or statistics impeded its capacity to exhibit any abuse of market power by Astrotalk. Regarding the allegations of 80% market share, the CCI stated that the commission has taken note of the informant’s assertion that Astrotalk’s dominance is solely based on the media pronouncements of its CEO, who claims to hold 80% of the market. The Commission is of the opinion that the dominance of any entity cannot be exclusively determined by media statements, which are frequently intended to enhance the entity’s market position. As a result, Astrotalk’s dominance in the pertinent market is not established.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
ECommerce has transformed shopping, which provides unparalleled ease and a wide selection of products with only a few clicks. With this change, the retail industry has entered a new era marked by increased speed and simplicity in the digital marketplace.
At the forefront of this dynamic eCommerce realm stands Snapdeal, a platform that has played a pivotal role in shaping the digital retail landscape. Since its founding in February 2010 by Kunal Bahl and Rohit Bansal, Snapdeal has been a leading source of coupons, discounts, and exclusive offers, giving customers an exciting new way to purchase online. This Indian eCommerce behemoth, with its headquarters in Gurgaon, has effectively carved out a niche for itself by providing a wide variety of products, radically changing how we browse and purchase goods in the digital age.
Here’s learning about Snapdeal Online India, its Founders and Team, Business Model, Revenue Model, Funding, history, Acquisitions, Growth Competitors, and more.
Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal stands as India’s premier pure-play value eCommerce platform, ranking among the top online lifestyle destinations. Snapdeal comes under AceVector Group. With a commitment to provide high-quality products at competitive prices, Snapdeal wants to make shopping enjoyable and dependable for the people of Bharat. Because of its dedication to providing excellent customer service, suppliers can offer premium goods at competitive costs, which helps the platform maintain its leading position in the Indian eCommerce market.
Snapdeal targets most middle-class, value-seeking non-metros customers; their logistics network reaches more than 96% of India’s pin codes. With this wide reach, order delivery is guaranteed to over 2,500 towns and cities, demonstrating Snapdeal’s dedication to democratizing value commerce across the country. The company aims to serve Bharat consumers at every stage of their offline to online purchasing journey. Jasper Infotech Private Limited is the owner/parent organization of the company.
Snapdeal – Industry
According to Mordor Intelligence, the Indian eCommerce market is expected to increase significantly, from its anticipated value of USD 112.93 billion in 2024 to USD 299.01 billion by 2029 at a compound annual growth rate of 21.5%. Smartphone use and greater internet accessibility are two of the elements driving this trend. The report highlights the potential for businesses to prosper through innovation and adaptation to changing consumer patterns, underscoring the critical role that eCommerce has played in transforming India’s retail scene.
Snapdeal – Founders and Team
Kunal Bahl and Rohit Bansal are the founders of Snapdeal.
They started as high school friends and then went on to become business partners when they launched Snapdeal. Believe it or not, together, this duo walked away from a merger deal offered by Flipkart and envisioned and adopted an evaluated focus on the 400 million value-conscious Indian consumers.
Kunal Bahl
Kunal Bahl, Co-founder – Snapdeal
Kunal is the co-founder of Snapdeal. Bahl was a student at the University of Pennsylvania, where he completed a degree in Systems Engineering. He is also an alumnus of The Wharton School where he studied Marketing and Operations Strategy and also did Executive Program in Marketing from Northwestern University – Kellogg School of Management.
Bahl was also there in the Jerome Fischer M&T Program. In his professional career, Kunal started as an Independent Director of Piramal Enterprises Limited before co-founding Snapdeal in 2010. Bahl also co-founded Titan Capital in 2011 and AceVector Group in June 2022. Thus, Kunal can be summed up as an investor and entrepreneur who aims to create impact through entrepreneurship.
Kunal Bahl is the newest shark on Shark Tank India season 4, replacing Zomato CEO Deepinder Goyal. He will join the show alongside other investors like Ritesh Agarwal, founder of OYO; Namita Thapar, executive director of Emcure Pharmaceuticals; Aman Gupta, co-founder of boAt; and Anupam Mittal from People Group.
Before this, Kunal Bahl appeared on Prime Video’s reality show Mission Start Ab, where 10 founders competed for mentorship and funding.
Rohit Bansal
Rohit Bansal, Co-founder – Snapdeal
Rohit Bansal is the co-founder of Snapdeal. Bansal has a BTech. and an MTech. degree in Computer Science from IIT Delhi, after completing which Rohit co-founded Snapdeal with Kunal. Rohit Bansal is also a co-founder of Titan Capital and AceVector Group. He has also worked part-time at FICCI. Bansal is recognized for his impressive skills in Team Management and Business Development.
The total employee strength of the company has been listed between 501-1,000, as per the Snapdeal LinkedIn profile.
Back in 2010, when the founders, Kunal Bahl and Rohit Bansal, wanted to start their venture, they came up with an offline couponing business, which was named MoneySaver. This company sold around 15,000 coupons in three months, and that’s exactly when it was time to notch this business to a level-up. And hence, Snapdeal was founded on February 4, 2010.
When it launched, it was primarily a daily deals platform, and then later in 2011, it expanded to become an online marketplace. Since then, Snapdeal has grown to become one of the largest online marketplaces in India.
Kunal Bahl has illuminated Twitteratis and others about the story of how Snapdeal got its first angel investor and how it proceeded toward an era of growth. Here’s the insight:
The mission of Snapdeal is to become the leading value lifestyle omni-channel platform in India.
The vision is to enable Bharat’s consumers to purchase with confidence and value so they can happily fulfill their dreams. Driven by state-of-the-art technology and a personalized, bilingual interface, Snapdeal is committed to reinventing innovative and reasonably priced shopping experiences in India.
Snapdeal – Name, Tagline and Logo
Snapdeal Logo
Snapdeal rebranded itself with a new logo in September 2016.
Rohit Bansal, co-founder, said, Our new logo is visualized from the perspective of the happiest moment for an online buyer i.e. when she receives her ‘box’. We understand that every box that we deliver contains not just a product but represents a new opportunity, an aspiration or the start of a journey for our consumers. Our entire new brand identity right from the brand mark to its extensions, reflects the box – a representation of untold potential and possibilities.
Snapdeal – Business Model
Snapdeal, founded in 2010 operates the digital B2C (Business-to-customer) marketplace, which allows third-party sellers to sell their products on the website directly to customers. The company operates a portfoliobusinessmodel. Snapdeal, at its core, operates a matchmaking business model, where it connects online sellers directly to online buyers. It also offers complimentary products such as delivery and logistical support to businesses to help encourage the use of its matchmaking platform.
Snapdea has made a change to its business model. As updated on July 21, 2021, the eCommerce company has flipped its business model and started to target audiences that are value-conscious. The company is no longer selling high-end brands but targeting audiences who believe in getting value out of the affordable range of products.
“In the last couple of years, we have very sharply focused on the value eCommerce segment and our strategy going forward too is to keep building for this segment,” Kunal Bahl, co-founder at Snapdeal, said.
Snapdeal – Revenue Model
Snapdeal has a diverse revenue strategy, but its main source of income is commissions from sellers, which are calculated as a percentage of the products sold on the platform. This commission-based strategy guarantees a win-win partnership with sellers by directly linking their performance to Snapdeal’s income. Additionally, Snapdeal uses marketing campaigns to augment its revenue.
Snapdeal creates extra revenue streams by giving companies the chance to highlight their goods through targeted advertising and promotions. This all-encompassing approach establishes Snapdeal as a strong participant in the Indian eCommerce market.
Snapdeal – ESOPs
Snapdeal has significantly increased its Employee Stock Option (ESOP) pool by 151%, as reported on October 13, 2021. Shareholders approved a resolution to boost the Employee Stock Option Scheme 2016 from 1,98,890 to 5,00,000. This move highlights Snapdeal’s commitment to employee engagement and positions the company strategically for future growth. The additional 3,01,110 ESOP options, exercisable into equity shares valued at Rs 1 each, underscore the company’s proactive approach to financial structuring ahead of its entry into the public market.
Snapdeal – Challenges Faced
Every company faces its unique set of challenges, and Snapdeal is no exception. Before Amazon’s $3 billion investment and entry into the Indian market in 2016, Snapdeal, which was ranked as the second-best online shopping destination behind Flipkart, faced a significant change in the market. This was the start of a very difficult battle for Snapdeal as it battled to deal with the increased competition caused by the massive eCommerce company.
Snapdeal struggled to secure more funding and dealt with internal disagreements in the face of external challenges. The company carried out cost-cutting measures, stopped several procedures, and regrettably had to reduce staff to improve financial stability.
Notwithstanding obstacles, Snapdeal investigated the possibility of merging with Flipkart; however, the proposal was turned down. Plans for an IPO valued at INR 1,250 crore were simultaneously shelved, complicating the company’s financial plan. These difficulties highlight the complex terrain that Snapdeal traversed and provide insight into the elements that have contributed to its difficulties in the ever-changing eCommerce space.
Snapdeal – Funding and Investors
Snapdeal has raised a total of $1.8 billion in funding over 16 rounds. Here is a list of all the funding rounds for Snapdeal:
Date
Stage
Amount
Investors
July 23, 2019
Venture Round
–
Anand Piramal
May 29, 2017
Venture Round
$17 million
Nexus Venture Partners, Kunal Bahl, Rohit Bansal
August 26, 2016
Secondary Market
$21 million
Clouse SA
February 14, 2016
Secondary Market
$200 million
Ontario Teachers’ Pension Plan, Iron Pillar, Brother Fortune Apparel
Snapdeal has seen an array of partnerships since it was founded. Here’s a list of some prominent ones:
Snapdeal partnered with the online dispute resolution platform Samaon on June 17, 2021, to deal with consumer complaints. It has already witnessed a success rate of 50% in the initial pilot
Snapdeal collaborated with the National Payments Corporation of India (NPCI) on December 17, 2020, to help its users make QR code-based payments smoothly on the arrival of the orders
Snapdeal has partnered with Medlife on May 6, 2020. This will help the users of the former to avail themselves of the facilities of health checkups from the comfort of their homes, order diagnostic tests, and order medicines online to be delivered to their doorstep
Phonepe is another association of Snapdeal and as a result of the collaboration, the latter lets the users pay directly from their Phonepe accounts without any hassles. This partnership was announced on December 11, 2018
Also, in November 2019, the company joined the International Trademark Association (INTA) to support the protection of intellectual property on online marketplaces
Snapdeal – Growth
Once valued as a unicorn, among the first of the Indian companies with a billion-dollar valuation, Snapdeal’s dreams seemed to take a nightmarish turn in the summer of 2017 amidst funding issues and an impending merger deal with Flipkart that too at a fraction of $6.5 billion, the highest valuation of the company. However, the founder duo didn’t lose hope and stayed strong and independent, which is why Snapdeal is among the Indian eCommerce startups that are still strongly reigned by its founders. Besides, Snapdeal is notably improving its status, focusing on adding value to its customers.
The company has reportedly achieved numerous milestones. Some key highlights that speak of the growth of Snapdeal are:
It has more than 25 million monthly active users per month as of September 2023.
Snapdeal boasts over 200 million installed app users.
Snapdeal covers over 96% of pin codes across the country.
It has done order deliveries to more than 2,500 towns and cities and expanding.
Snapdeal joined ONDC in July 2022 and achieved full integration in March 2023, becoming the sole Indian eCommerce company to merge its buyer and seller platforms on ONDC, as per the news report of March 2023.
Snapdeal has taken pride in having 50.37 million customers shop using its website/app since FY19, among them, around 14.82 million customers are annual transacting customers as per a news report of December 2021.
Resisted the blows of three major conditions in 2013, 2017, and the pandemic period.
All of this growth that the company is continuing to witness is part of a revolution commonly referred to as Snapdeal 2.0
Snapdeal conducted its “Kum Mein Dum Diwali sale” in October 2020. In this extensive sale, the platform witnessed tremendous growth in traffic and buyers.
“The extent and depth of orders received and shipped from non-metros cities illustrates the accelerated growth of online commerce in recent months,” said Snapdeal.
Snapdeal Financials
Snapdeal Financials
2023
2024
Operating Revenue
INR 371.96 crore
INR 379.76 crore
Total Expenses
INR 687.93 crore
INR 540.76 crore
Profit/Loss
INR -282.20 crore
INR -160.38 crore
Snapdeal Financials FY24
In FY24, Snapdeal’s operating revenue grew by 2.1%, rising from INR 371.96 crore in FY23 to INR 379.76 crore. Total expenses dropped by 21.4%, decreasing from INR 687.93 crore to INR 540.76 crore. As a result, losses reduced by 43.2%, improving from INR -282.20 crore to INR -160.38 crore.
Snapdeal – Advertisements and Social Media Campaigns
Snapdeal Campaign
In a Snapdeal campaign, real-life husband and wife team Riteish and Genelia Deshmukh are paired with Bollywood actors. With the slogan “Brand waali quality, bazaar waali deal,” Snapdeal aims to increase the number of Indian customers. With a strong focus on value-conscious consumers, the campaign seeks to strengthen Snapdeal’s standing in the industry and provide consumers across the country with enticing bargains.
Snapdeal – Awards and Achievements
Snapdeal has been honored with a multitude of awards, some of the most notable recognitions are:
Editor’s Choice Award was given by ET Edge in Mumbai at the Datacon2023 event.
E-Commerce Legal Team of the Year 2019: Legal Era presented the Legal Team with this prestigious award at the Indian Legal Awards.
E-Best Employee Engagement 2019: At the Third Edition of the Employee Engagement Leadership Awards, Snapdeal received recognition for exceptional employee engagement in the B2B/B2C sector.
Snapdeal’s dedication to innovation was recognized with the Golden Peacock Award for Innovative Product/Service in 2015.
Winner of the International Service Excellence Award: Honored by CSIA with the Australian Service Excellence Award of the Year 2015.
2015’s Best Company to Work For in Retail: Snapdeal received recognition from the Retailers Association of India for offering a first-rate workplace.
Innovation in Recruitment: Snapdeal’s innovative recruitment practices were celebrated at the 9th RASBIC Awards in 2015.
Star Retailer Award 2014: Acknowledged at the 9th Awards for Excellence in Retailing under the category ‘Retail Campaign of the Year.’
Buzziest Brands of India 2014: Recognized in Afaqs’s Annual Buzz-making Poll.
e-Retailer of the Year 2012: Snapdeal was awarded for its excellence in eCommerce.
Red Herring Top 100 Asia 2011: Featured in the list of Most Innovative Companies, showcasing Snapdeal’s commitment to innovation and cutting-edge solutions.
Club Factory and many such companies have gone on to take a great market standing in the online shopping sphere.
FAQs
What is Snapdeal?
Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal stands as India’s premier pure-play value eCommerce platform, ranking among the top online lifestyle destinations. Snapdeal comes under AceVector Group. With a commitment to provide high-quality products at competitive prices, Snapdeal wants to make shopping enjoyable and dependable for the people of Bharat.
What is the revenue of Snapdeal?
Snapdeal has reported a revenue of Rs 380 crore in FY24.
What is Snapdeal valuation?
The market valuation of Snapdeal once stood at $6.5 Billion (Rs 47 Thousand Crores) in 2016, however, the company has faced heavy competition in its league, which had a heavy toll on its operations, total net worth, and overall revenues. Snapdeal was last valued at over $800 million in 2021.
Who is Snapdeal owner?
Kunal Bahl and Rohit Bansal are the founders of Snapdeal. Jasper Infotech Private Limited is the owner/parent organization of the company. Snapdeal is not acquired by any company.
Prior to the development of the D2C and e-commerce section of India, the Indian market was hugely dominated by the giants, leaving less or no space for the newbies. In the last decade, work done by startups, namely, WOW Skin, Plum, Nykaa, and Sugar, and their reach, cannot be overlooked. Today these options are at the top of the go-to list of Indian customers. The service provided by them, and the quality of the products are nowhere less than those of the cosmetic giants.
One of the top premium cosmetic brands in India, Sugar Cosmetics has a cult following among millennials. Thanks to its clutter-breaking attitude, distinctive low-poly attractive packaging, and bestsellers, Sugar is the cosmetics brand of choice for strong, independent women who reject any boundaries or parameters they are being fit into. With a cruelty-free collection that is strong in design and high in quality, the company is committed to creating products that are a perfect fit for every Indian skin tone throughout the seasons and throughout the calendar, which is a rare sight.
Vineeta, the co-founder of Sugar and a strong independent woman who’s an inspiration to many little girls out there, established Sugar by making it accessible, inexpensive, and ideal for Indian skin. The company’s products and excellent marketing methods have elevated the brand to the top of the list of Indian women’s preferences.
Read this article further, to learn about the life story of Vineeta Singh starting from her early life, her education, her entrepreneurial journey, her struggles her current state, and much more.
Vinita Singh was born in Delhi, India, in 1991. She finished her schooling at the Delhi Public School, R.K. Puram, in Delhi.
Vineeta received her undergraduate degree in the course of Electrical Engineering from the Indian Institute of Technology Madras in 2005. Later, she got herself into IIM Ahmedabad to pursue her MBA in 2007.
Vineeta Singh – Family
Tej Singh, Vineeta Singh’s father, was a scientist at the “All India Institute of Medical Sciences.” Her father is highly passionate about his work. There is no doubt that her parents had a significant impact on her and helped shape who she is today. Her post-graduate MBA program introduced her to Kaushik Mukherjee, whom she married shortly after graduating in 2011.
Founders of Sugar – Vineeta and Kaushik
Kaushik, Sugar Cosmetics’ President, and Chief Operating Officer is both her business and life partner. The couple is known as the “Ironman couple” because they completed the world’s longest race. The couple has two sons, Vikrant and Ranveer.
Vineeta Singh is the co-founder and CEO of SUGAR and Fab Bag. FabBags is a grooming subscription service that was established in 2012. Nykaa Cosmetics, Kay by Katrina, and Starlust are the other companies that compete in the cosmetics market along with Sugar Cosmetics.
Her first summer job at Deutsche Bank was as a student in 2006. Vineeta Singh’s extensive experience in the banking and financial industry has earned her the position of Director for Quetzal Verify Private Limited. Her tenure in that position, however, was for five years.
Vineeta Singh founded Sugar after failing to launch two previous firms and turning down a job offer of “one crore” from a multinational investment company. That’s correct. Instead of creating something for others, she desired to do something for herself. Singh founded her third startup Sugar, alongside her husband, Kaushik Mukherjee.
Back then, the behemoths, Lakmé, L’Oréal, and MAC Cosmetics controlled the Indian cosmetics industry. Then, in 2012, SUGAR was created, defeating a slew of national and global competitors to become India’s fastest-growing cosmetics brand. Sugar has become India’s fastest-growing cosmetics brand in only five years. The company has over 2500 branded locations in over 130 cities and generates more than 100 crores in sales.
A cosmetic brand established by the artisans of German, Italian, Indian, American, and Korean cities, Sugar Cosmetics, is presently winning across the spectrum. Revenues increased by a huge margin from INR 57 crores in 2020 to INR 104 crores in FY21, with a 15% rise in sales globally.
Sugar Cosmetics is a cult favorite among millennials and one of India’s fastest-growing premium cosmetic firms. Sugar, with its clutter-breaking attitude, distinctive minimal packaging, and distinctly good products, is the cosmetics of choice for courageous independent women who refuse to be stereotyped by stereotypes. Bestsellers in the Lips, Eyes, Face, Nails, and Skin categories are sent all over the world from the brand’s cutting-edge facilities in Germany, Italy, India, the United States, and Korea.
“My savings were diminishing; I’d hardly ever go out because I was on a strict budget. But I pushed on. I even started a venture, but it didn’t work as planned. After a year, I felt brave enough to give entrepreneurship another shot with Fab Bag, a beauty subscription company. But after research, I realized the need for quality cosmetics for Indian women–that’s how Sugar Cosmetics was born.”
Products of Sugar
With a cruelty-free range that is excellent in appearance and strong in functionality, the brand is dedicated to developing products that are a wonderful fit for every Indian skin tone throughout the seasons and across the calendar. Sugar Cosmetics is rapidly extending its powerful presence, to reach the doorsteps of every cosmetics consumer in the country by 2021, supported by the trust of marquee investors and the enthusiasm of millions of beauty devotees.
Shark Tank India introduced us to a plethora of individuals who are responsible for the success of major companies. Vineeta Singh, the co-founder of Women’s Favorite Sugar Cosmetics, is one such name. This woman has set a terrific example for aspiring female entrepreneurs. She has not only earned success for herself, but she also serves as an inspiration to many aspiring enterprise founders.
She invested in several of the firms featured on the show. Some of them are as below:
Vineeta Singh, Co-Founder, and CEO of SUGAR Cosmetics was an outgoing child. At 23, she learned how passionate she had been about fitness while studying at IIM-Ahmedabad. She had never raced more than a kilometer before until she was challenged to compete in the Mumbai Full Marathon, and she ended up signing up for the 42-kilometer marathon. She gained so much from the experience that the CEO became obsessed with the concept of becoming a lifetime runner.
Vineeta’s running resume includes 20 marathons, ultramarathons, and roughly a dozen half-marathons. She has also participated in various triathlons, the most notable of which being the renowned Ironman, which she finished in Austria in 2017. The Ironman, popularised in India by Milind Soman, consists of a 3.8-kilometer swim, a 180-kilometer bicycle ride, and a 42-kilometer full marathon. This is not something you decide to do one morning. But that’s not all; she also ran the 89-kilometer Comrades Ultramarathon from 2012 to 2014.
Even though her life is slowly returning to normal following quarantine, she still makes it a point to devote an hour each day to her training program. She works out in the morning to get the day started well and to get in a workout before the stressful hours catch up with her. Vineeta gets the ‘me-time’ she needs to relieve mental tension while also enhancing productivity and optimism throughout the day with an hour of exercise.
Vineeta is a huge supporter of any exercise or sport that takes her outside, and in addition to jogging, she swims and bikes whenever she has the chance. Another activity she enjoys is badminton; she competed in several tournaments during her undergrad and B-school years.
“When it comes to nutrition, I never was one to follow a strict diet or restrict myself, when it comes to nutrition. I’m not a fan of diet fads so I stick to everyday home food at regular intervals. I make it a point to always stay hydrated and do simple portion control while eating,” says Vineeta.
In April 2024, Vineeta Singh denied false rumors about her death and arrest. She shared her frustration on X, showing a fake news screenshot. Singh reported it to Meta and filed a complaint with Mumbai Cyber Police. She said the hardest part was people calling her mother in panic. She also mentioned facing paid PR spreading these false stories.
Below are the details of the investments made by Vineeta Singh. Her most recent investment was Seed Round-P-Tal, having raised $120k on April 3, 2024.
Date
Organization Name
Round
Amount
April 3, 2024
P-Tal
Seed
$120K
March 23, 2024
Farm Didi
Angel
$12K
March 19, 2024
Nema AI
Angel
$48.2K
May 10, 2022
Josh Talks
Series A
₹270M
Jan 31, 2022
Humpy Farms
Angel Round
₹10M
Dec 28, 2021
Skippi Ice Pops
Seed Round
₹10M
Dec 23, 2021
CosIQ
Seed Round
₹5M
Vineeta – Awards and Recognitions
Vineeta was an academic gold medalist between 1993 and 2001. She is also an excellent athlete.
She won two gold medals and two silver medals in the IIT Madras Badminton Tournament.
She received the Dulari Mattu Award for the finest female all-rounder at IIM Ahmedabad in 2007.
In 2012 and 2013, she received back-to-back medals from the Comrades Marathon Association for completing both the Ups and Downs (89 km) and Comrades Back-to-Back (89 km), South Africa’s highest Ultra-Marathon.
In 2020, she was named one of India’s 40 Under Forty business leaders by the Economic Times.
According to Forbes India, she was one of India’s most powerful women in 2021.
Amitabh Bachchan’s most successful show, Kaun Banega Crore Pati (KBC), featured her as an expert, in the context of one of the questions.
Furthermore, for more than a decade now, Vineeta has been manufacturing best-selling cosmetic products, making millions of dollars in sales each year.
FAQs
Who is Vineeta Singh?
Vineeta Singh is the co-founder and CEO of Sugar Cosmetics and a judge on Shark Tank India. She is a successful entrepreneur and business leader.
What is Vineeta Singh’s net worth?
The net worth of Vineeta Singh is about INR 300 crore as of 2024.
How many companies did Vineeta Singh Co-found?
Vineeta Singh is a co-founder of 2 companies; Sugar Cosmetics & Fab Bags.
Is Sugar Cosmetics a Unicorn?
No, Sugar Costemics is not a Unicorn yet.
What is Vineeta Singh education?
Vineeta received her undergraduate degree in the course of Electrical Engineering from the Indian Institute of Technology Madras in 2005. Later, she got herself into IIM Ahmedabad to pursue her MBA in 2007.
What is Vineeta Singh age?
Vineeta Singh was born in 1983. She is approximately 43 years old.
What is Sugar Cosmetics net worth?
Sugar Cosmetics is valued at INR 4100 crore as of 2024.
Welcome to StartupTalky’s Indian startup funding updates for 2024! As we move into the second half of the year, we’re here to provide you with a clear and simple overview of the latest funding news. Our monthly tables, updated weekly, will track how much each company has raised, the sectors they’re in, the key investors involved, and more.
Whether you’re an investor, entrepreneur, or just curious about the startup scene, this article will keep you informed on the funding trends shaping the industry. Be sure to check back regularly for the latest funding updates and insights!
India’s dairy industry is expected to grow by 13-14% in revenue during the financial year 2024-25, driven by strong consumer demand and better raw milk supply, as per CRISIL Ratings.
With this growth, there is rising demand for pure and unprocessed milk. A name that is standing out and making its mark in this industry is Milkvilla. Headquartered in Bengaluru, Milkvilla stands out by delivering fresh A2 desi raw cow milk from free-grazing cows. Using advanced technology and eco-friendly practices, Milkvilla is creating a positive impact on health and the environment.
In this article, learn more about Milkvilla, its founders, its business and revenue model, challenges, growth, and more.
Milkvilla – Company Highlights
Company Name
Milkvilla
Headquarters
Bengaluru, Karnataka, India
Sector
Dairy Product Manufacturing
Founder
Mannu Jee, Aman Jee, Mayank Parashar, Avkash Kumar
Milkvilla is a brand committed to delivering pure, raw A2 desi cow milk straight from free-grazing cows to your doorstep. With a strong focus on sustainability, it eliminates plastic packaging and uses eco-friendly practices. Combining traditional methods with modern technology like blockchain and IoT, Milkvilla ensures quality, freshness, and transparency at every step. It’s more than milk, it’s a movement for a healthier lifestyle and a greener planet.
Milkvilla – Industry
Milkvilla Target Market
The Indian dairy industry is growing at a compound annual growth rate (CAGR) of approximately 13.68% and is expected to reach a market size of $489.62 billion by 2031. India, the world’s largest milk producer, generates over 230 million metric tons of milk annually. Around 70% of Indian households prefer raw milk over processed and packaged milk, citing its natural taste and nutritional value.
Milkvilla aims to establish a strong presence in major cities across India, delivering raw milk and other eco-friendly, plastic-free dairy products by then, aligning with the industry’s shift towards sustainability and innovation.
Milkvilla is driven by a visionary leadership team with a shared passion for innovation, sustainability, and delivering value to customers:
Mannu Jee, Founder & CEO: With a background in marine engineering and global operations, Mannu’s leadership combines a deep commitment to sustainability and empowering farmers with strategic business acumen.
Aman Jee, Co-founder & CTO (IIT Patna): A technology innovator with expertise in software development, IoT, and cloud solutions, Aman leads Milkvilla’s tech infrastructure, ensuring operational efficiency and customer satisfaction.
Mayank Parashar, Co-founder & COO: An operations expert with 8+ years in logistics and supply chain management, Mayank optimizes delivery systems to ensure Milkvilla’s raw milk reaches customers reliably and sustainably.
Avkash Kumar, Co-founder & CGO (IIT Kharagpur): A seasoned strategist and marketer, Avkash drives Milkvilla’s expansion through innovative campaigns, customer-centric solutions, and sustainable growth initiatives.
Together, this dynamic team is transforming India’s dairy industry with innovation, quality, and a vision for a sustainable future.
Milkvilla – Startup Story
Milkvilla was founded to deliver fresh, A2 raw desi cow milk directly to consumers, prioritizing authenticity, nutrition, and sustainability. Inspired by the challenges faced by its founders, Mannu Jee, and Aman Jee, Milkvilla bridges the gap between rural milk production and urban consumers.
Mannu Jee, raised in a farmer’s family, witnessed his father producing high-quality A2 milk that rarely reached urban areas like Muzaffarpur due to transportation issues. Aman, moving across cities for education and work, struggled to find nutrient-rich A2 milk, valued for its health benefits, especially for vegetarians and pregnant women.
Established in 2019 in Muzaffarpur, Bihar, Milkvilla ensures access to fresh A2 milk while empowering local farmers. Committed to sustainability, the company offers plastic-free packaging, saving over 2 lakh trees. Milkvilla has revolutionized urban milk access, focusing on quality, sustainability, and innovation to benefit consumers, farmers, and the environment.
Technological Advancements at Milkvilla: Revolutionizing A2 Desi Raw Milk Delivery
Milkvilla has pioneered advanced technology to ensure seamless delivery of fresh A2 desi raw milk. Innovations include temperature-controlled milk tanks, IoT-based milk dispensers, and custom electric delivery vans.
The company has also developed software solutions to streamline experiences for consumers, farmers, and operations, alongside an IoT-based milk analyzer for real-time quality testing. These advancements underscore Milkvilla’s commitment to delivering premium milk with sustainability and efficiency from farm to doorstep.
Milkvilla Probelm Solving Approach
Milkvilla – Tagline
Milkvilla’s tagline is “Raw Milk is the Real Milk” – A Commitment to Freshness and Quality
At Milkvilla, they believe “Raw milk is the real milk.” Unlike market milk, often pasteurized, packaged, and delivered 8–10 days post-milking, Milkvilla’s A2 raw milk reaches consumers within 12 hours, ensuring purity and freshness.
Unlike conventional milk with added milk powder or chemicals, Milkvilla guarantees pure, unadulterated A2 raw milk. The company’s promises include:
Fast Supply Chain: Fresh milk is delivered within 12 hours.
Highest Hygiene Standards: Rigorous practices ensure safety and quality.
Milkvilla also provides a daily milk quality report via its app. You can easily differentiate raw milk from processed milk—raw milk develops a fat layer if unboiled within an hour, while pasteurized milk lacks this natural property. Milkvilla delivers authentic, preservative-free milk with transparency and integrity.
Milkvilla – Vision and Mission
The company’s mission is to become a household name for the delivery of fresh and A2 raw desi cow milk in India. The company emphasizes the belief that “raw milk is the real milk.”
Milkvilla – Products/Services
Milkvilla Products
Milkvilla offers a premium range of A2 dairy products, including raw milk, paneer, curd, butter, and more, delivered within 12 hours of milking for maximum freshness and nutrition.
Committed to sustainability, its eco-friendly, plastic-free packaging reduces environmental impact while preserving quality. Milkvilla brings farm-fresh, nutritious A2 products responsibly sourced to your doorstep.
Milkvilla USP
Milkvilla – Business and Revenue Model
Milkvilla operates on a direct-to-consumer model, earning revenue by selling premium A2 milk and other dairy products. This approach allows to maintain control over product quality and customer experience, ensuring the freshest and most reliable dairy products for the consumers.
In addition to the core retail business, Milkvilla is successfully executing a franchise model that enables rapid scaling. This strategic expansion reduces capital liabilities and creates a mutually beneficial partnership with franchisees, contributing additional revenue streams to the company. By combining direct sales and franchising, Milkvilla is poised for sustainable growth while maintaining the integrity of its product offerings.
Milkvilla Business Model
Milkvilla – Customer Growth and Retention Strategies
Milkvilla has built a loyal customer base through a combination of unique strategies and unwavering product quality. Its distinct milk carts attract customers organically, and the superior taste and freshness of the raw A2 milk ensure they stay with us. Unlike others, Milkvilla does not process or package its products, preserving the true flavor of milk and dairy while avoiding preservatives.
Milkvilla operates on a subscription-based model complemented by fast delivery, offering convenience and reliability to its customers. Moving forward, Milkvilla plans to enhance consumer retention through personalized offerings, community engagement, and continuous improvements in service.
With its sustainable practices, innovative marketing, and scalable operations, Milkvilla is well-positioned to continue leading the A2 raw dairy market and delivering unparalleled quality and convenience to consumers.
By Choosing Milkvilla, You’re Saving 1 Tree Every Month
Milkvilla – Challenges Faced
Milkvilla has faced various challenges throughout its journey, each requiring unique solutions. Initially, managing supply-demand imbalance was a key issue. As the company grew, manpower management became a challenge, followed by the need for advanced technology to handle raw milk and serve a large customer base. Additionally, finding sustainable packaging solutions without plastic was another hurdle.
To address these, they focused on building the right team, developing technology, and finding eco-friendly packaging. Today, all of Milkvilla’s products are delivered in plastic-free packaging, aligning with its sustainability commitment.
Milkvilla has evolved by turning each challenge into an opportunity to improve operations, enhance offerings, and uphold environmental values, ensuring consumers receive the highest-quality A2 dairy products with every delivery.
Milkvilla – Marketing Campaigns
Milkvilla’s marketing campaigns have played a key role in building the brand and engaging consumers. One standout strategy is its cow mascot marketing, adding fun and freshness to events while reinforcing the commitment to high-quality A2 raw milk.
Our operations in Bengaluru have positioned them as pioneers, being the only company delivering raw A2 milk at scale in the city. Through plastic-free packaging, Milkvilla has saved over 2 lakh trees, reflecting its sustainability efforts.
To expand its reach, Milkvilla is launching an affiliate marketing program, allowing individuals to promote its products and earn up to INR 80,000. Milkvilla also uses unique content and graphics to stand out in a competitive market.
To showcase its superior quality and delivery, Milkvilla is offering 1 liter of free raw milk to let consumers experience the difference. Through these campaigns, Milkvilla continues to build trust, expand its consumer base, and lead the A2 raw milk industry.
Milkvilla – Growth
Milkvilla has made significant strides in its growth and operations. The company has established its own plants in three key locations: Muzaffarpur, Patna, and Bangalore, and is successfully running two pilot franchise operations in Chandigarh and Moradabad. Most of these centers are already operating profitably, demonstrating the strength and efficiency of Milkvilla’s business model.
With a monthly revenue surpassing INR 1 crore and a growing consumer base of over 6,000 customers, Milkvilla is well-positioned for continued growth. The company is poised to scale further and faster, with plansto expand its footprint and continue providing fresh, high-quality A2 dairy products to an even broader audience.
Milkvilla – Achievements in Startup Programs
Milkvilla’s innovative efforts have been recognized by both the Government of Bihar and the Government of India. The company has received separate grants totaling INR 40 lakh from these governments, acknowledging its contributions to the dairy sector and its potential for impactful growth.
This support underscores Milkvilla’s commitment to revolutionizing the dairy industry while driving economic and sustainable development.
Milkvilla Technology
Milkvilla – Recognition and Achievements
Milkvilla has been proudly recognized by Startup India for its innovative contributions to the dairy industry and its commitment to sustainability. Its journey is marked by impactful milestones that demonstrate Milkvilla’s dedication to delivering quality products while protecting the environment.
4,475 carbon credits earned: Reflecting our measurable impact on reducing greenhouse gas emissions.
60 million liters of water saved: By reducing reliance on plastic, contributing to water conservation efforts.
58,000 kg of CO2 emissions reduced: Minimizing our carbon footprint with environmentally conscious initiatives.
27,000 kg of plastic waste diverted from landfills: Supporting a cleaner environment through sustainable practices.
30,000 kg of plastic production avoided: Ensuring eco-friendly operations by adopting plastic-free packaging.
50 lakh liters of milk delivered: Bringing fresh, raw A2 dairy products to thousands of households.
These achievements underscore Milkvilla’s commitment to sustainability, innovation, and social responsibility. As it continues to grow, Milkvilla remains dedicated to creating a lasting positive impact on the planet while delivering the highest-quality A2 dairy products to its consumers.
Milkvilla: Making a Positive Impact on the Environment with Every Drop of Milk
Milkvilla – Competitors
Milkvilla operates in a competitive market alongside notable players such as Country Delight, Akshayakalpa, Sid’s Farm, and Pride of Cows. While these brands share a commitment to delivering quality dairy products, Milkvilla differentiates itself through its focus on A2 desi “raw milk” and a seamless, technology-driven supply chain.
Milkvilla’s dedication to sustainability—evident in its plastic-free packaging—and the ability to deliver fresh A2 dairy products within 12 hours of milking set it apart from competitors. By combining innovation, superior product quality, and a strong consumer-first approach, Milkvilla continues to carve its niche in the premium dairy segment, building trust and loyalty among its growing customer base.
Milkvilla is gearing up for significant expansion and innovation. Currently operating a small plant on Sarjapur Road in Bengaluru, the company plans to scale to 50 delivery vehicles within the next six months, with plans to replicate this model across Bengaluru and other major cities in India for nationwide growth.
Additionally, Milkvilla is expanding its franchise model to tier 2 and tier 3 cities, with planning already underway. This will bring fresh A2 dairy products to more consumers while supporting local entrepreneurship.
Milkvilla will also introduce a 10-25 minute dairy delivery service starting in January or February 2025, becoming the first dairy company to achieve this milestone. These efforts aim to redefine convenience and quality in the dairy industry, setting new benchmarks for freshness, speed, and accessibility.
FAQs
What products does Milkvilla offer?
Milkvilla offers a premium range of A2 dairy products, including raw milk, paneer, curd, butter, ghee, and more, delivered within 12 hours of milking for maximum freshness and nutrition.
Who are the founders of Milkvilla?
Mannu Jee, Aman Jee, Mayank Parashar, and Avkash Kumar are the co-founders of Milkvilla.
Where is the headquarters of Milkvilla?
The headquarters of Milkvilla is in Bengaluru, Karnataka, India, near HN Halli Lake, off Sarjapur Road.
Dallas (Texas) [USA], December 30: In today’s hyper-competitive startup landscape, scaling quickly and efficiently is often the difference between success and failure. Cloud computing has emerged as a game-changing tool, enabling startups to achieve rapid growth without the heavy upfront costs of traditional IT infrastructure. But how can startups fully leverage the cloud to unlock its potential?
We turned to Kiran Kumar Kakkireni, a seasoned DevOps and cloud engineer with over 12 years of experience, to gain insights into how startups can harness the power of the cloud to scale their operations and disrupt markets.
Why the Cloud is a Startup’s Best Friend
“The cloud has democratized access to technology,” explains Kiran. “It offers startups the tools they need to innovate, scale, and compete with established players—all without the financial and logistical burdens of physical infrastructure.”
According to Kiran, the cloud’s scalability, cost efficiency, and global reach make it an indispensable asset for startups. With platforms like AWS, Google Cloud, and Microsoft Azure offering a pay-as-you-go model, startups can experiment and grow without committing to large capital expenditures.
Key Benefits of the Cloud for Startups
Scalability: “Startups often face unpredictable growth,” says Kiran. “The cloud allows them to scale their resources up or down instantly, ensuring they’re always prepared for spikes in demand.”
Cost Efficiency: The pay-as-you-go model eliminates the need for costly hardware investments. “You’re only paying for what you use,” Kiran adds. “This is critical for startups managing tight budgets.”
Speed to Market: The cloud provides pre-built templates and tools, enabling startups to prototype and launch products quickly. “Startups thrive on agility,” Kiran notes. “The faster you can get to market, the better.”
Global Reach: With cloud providers offering data centers worldwide, startups can serve a global customer base with low latency. “You don’t need to build infrastructure in every region—your cloud provider does it for you,” he says.
Security and Reliability: Leading cloud platforms offer built-in security features and 24/7 reliability. “Startups can focus on growth while the cloud takes care of their backend operations,” Kiran explains.
Common Challenges and How to Avoid Them
While the cloud offers immense benefits, Kiran warns of common pitfalls startups should avoid:
Overprovisioning Resources: “It’s tempting to overestimate your needs, but this leads to unnecessary costs. Use tools like AWS Trusted Advisor to optimize resource allocation.”
Neglecting Security: Failing to implement robust security measures can leave startups vulnerable to breaches. Kiran emphasizes the importance of using encryption, Identity and Access Management (IAM), and Multi-Factor Authentication (MFA).
Lack of Scalability Planning: “Startups need to design their cloud architecture with growth in mind,” he says. “If you wait until your infrastructure is under strain, it’s too late.”
Cloud Tools Startups Should Explore
Kiran recommends the following tools and services for startups looking to maximize their cloud capabilities:
AWS Lambda for serverless computing, allowing startups to run code without managing servers.
Amazon S3 for cost-effective data storage with tiered options for frequently accessed and archival data.
Google Firebase for scalable app development.
Jenkins and Kubernetes for automating deployments and managing containerized applications.
CloudWatch and Datadog for real-time monitoring and performance optimization.
Kiran shares an example of a healthcare startup he worked with that needed to process large volumes of patient data securely and efficiently. “By implementing a serverless architecture using AWS Lambda and DynamoDB, we reduced their infrastructure costs by 30% and enabled them to scale seamlessly as their user base grew,” he recalls.
Another success story involved a retail startup that faced challenges handling seasonal traffic spikes. “We implemented auto-scaling solutions, ensuring their platform could handle peak traffic during holiday sales without breaking a sweat,” Kiran adds.
The Future of Cloud for Startups
Looking ahead, Kiran predicts exciting advancements in cloud technology that will further benefit startups:
AI-Driven Automation: Tools powered by artificial intelligence will streamline processes, reduce costs, and enhance decision-making.
Edge Computing: As IoT adoption grows, edge computing will enable faster data processing by bringing computation closer to the source.
Green Cloud Initiatives: Cloud providers are prioritizing sustainability, allowing startups to align with eco-friendly practices while optimizing costs.
“The possibilities are limitless,” Kiran says. “Startups that embrace these trends will be well-positioned to lead in their industries.”
Kiran’s message to startups is clear, “The cloud is more than just technology—it’s a strategic enabler. Use it wisely, plan for growth, and focus on creating value for your customers. The rest will follow.”
As an expert who has guided countless startups through their cloud journeys, Kiran Kumar Kakkireni continues to inspire and empower the next generation of innovators. His insights serve as a roadmap for startups aiming to scale rapidly and make a mark in the ever-changing tech landscape.
Kiran Kumar Kakkireni is a CTO – Equinox IT Solutions LLC, DevOps and cloud engineer based in Dallas, Texas, specializing in cloud architecture, automation, and digital transformation. With over 12 years of experience, he has helped startups and enterprises alike achieve scalable, secure, and cost-effective cloud solutions. Kiran is a recognized thought leader, dedicated to advancing technology and empowering others.
For the Millennials and Gen Z, it has always been tedious and boring to sit with the elders at home and watch the monotonous news channels. We have always searched for a way to escape that situation. The biggest constraint was the lack of time and the content’s length and mass. But then came the savior- Inshorts.
Inshorts, with its brevity and simplicity, brought about a massive change in how the youth consume news.
We live in a world where we are flooded with information all around us. Also, from Instagram reels to YouTube shorts, only short forms of entertainment have gained popularity. That being the scenario, Azhar Iqubal, had foreseen this almost a decade ago and co-founded Inshorts, an app that delivers the latest news in less than 60 words.
Let’s look at the story of the co-founder and chairman of Inshorts, Azhar Iqubal. We will discuss his net worth, education, personal life, investments, challenges, and more.
Azhar Iqubal Biography
Name
Azhar Iqubal
Born
7th October 1992
Birthplace
Bihar, India
Nationality
Indian
Education
Mathematics and Computer Science, IIT Delhi (Dropped out)
Born and raised in India, Azhar’s early life, marked by curiosity and a passion for information, laid the foundation for his journey. He joined IIT Delhi to pursue his bachelor’s in Mathematics and computer science.
As he navigated through college, his hunger for knowledge and innate entrepreneurial spirit began to blossom. Soon, he dropped out of IIT to co-found what is today a multi-million dollar business.
Azhar Iqubal – Career
In 2013, Azhar Iqubal, his IIT Delhi classmate Anunay Pandey, and IIT Kharagpur student Deepit Purkayastha established the News in ShortsFacebook page.
It instantly attracted users’ interest because it included summaries of news items together with links to the actual stories.
They were accepted into the Times Internet-backed TLabs startup accelerator some months later.
Azhar Iqubal’s journey from those formative years to the inception of Inshorts is a testament to the power of curiosity, resilience, and a vision to make information accessible to all.
Following the success of Inshorts, he also established a Public App in 2019 with the goal of bringing together Indian local communities on a digital platform.
Azhar Iqubal, who served Inshorts as CEO for 11 years stepped down from his position in April 2024 after 11 years. He is now the company’s new chairman, while fellow co-founder Deepit Purkayastha took over as the new CEO.
“After leading the company for 11 years as chief executive, I have decided to step into the role of chairman of the company. My co-founder, Deepit, who has been an instrumental part of our journey from the beginning, will take charge as the chief executive of the company and I am excited to see him lead our company to greater heights,” AzharIqubal said in a statement.
Success Story and Business Model of Inshorts
Azhar Iqubal – Personal Life
Azhar Iqubal hails from the state of Bihar and currently lives in India. He is fond of driving and traveling. He also loves to go on road trips with his friends.
Being one of the most successful young entrepreneurs in India, he is followed by thousands of his young fans.
Azhar Iqubal – Inshorts
Inshorts Landing Page
Inshorts provides daily 60-word summaries of news updates to its customers at just a click away. While, according to Inshorts owners, in December 2014, there were just 100,000 users, currently the count has risen to nearly three million.
Also, over the years, the company has created numerous creative advertising concepts that have assisted them in bringing on more than 250 brands. Working with household names like Vodafone, OnePlus, Mercedes, Netflix, Amazon Prime, Myntra, and others helped Inshorts become operationally viable within five years after its inception.
Public App is a platform that allows users to engage with their community through verified updates from media organizations, lawmakers, authorities, and content producers. The Public App gained more than 50 million active members in the first year after its inception, making it the largest location-based social network in India.
Shark Tank India Judges – Peyush Bansal, Namita Thapar, Azhar Iqubal, Amit Jain, Anupam Mittal
In the latest, Shark Tank India, a business reality television series, has announced that Azhar Iqubal would be one of the judges along with the other latest entrants, OYO’s CEO Ritesh Agarwal and Zomato’s CEO Deepinder Goyal, in the third season of the show.
As the news was announced, it created a wave of excitement and inspiration among the young entrepreneurs.
Azhar Iqubal wrote on his social media,
“On Shark Tank India Season 3, I want to tell the youth of India that where you come from and whether you have a degree or not does not matter; what matters is whether you have hunger, discipline, and focus. And if you have it in you, I am here to support you in fulfilling your entrepreneurial dream.”
From being the co-founder of Inshorts, which has evolved to be India’s top-rated English news app and has maintained that ranking on Android since January 2014, to being a judge on Shart Tank India, Iqubal’s journey has stood as an example of sheer dedication and hard work.
To quote Azhar Iqubal about his journey,
“Dreaming big or later achieving is not that much difficult, but convincing people around you certainly is. I was not taken seriously or, should I say was mocked for my zeal. Once, when I was born in the village Sadogoda of Kochadhaman, Kishanganj, I wanted to get through IIT, which I achieved eventually as IITD. Later, people around ‘cautioned’ me the same way when I decided to drop out of IITD in 2012. Not listening to their concerns, which they raised of sincerity and affection to me, made me founding a company of 150 Crore Investment. Believing in you is the first step to achieving a goal, small or big, though I have yet to set my goals.”
Azhar Iqubal – Challenges Faced
During the pandemic, though,just like every other business, Inshorts faced a lot of challenges; the zeal and adaptability of Azhar and his team not only kept the business running but made Inshorts one of the top three applications that were suggested by the Play Store for reliable updates on COVID-19.
Also, the Public App experienced significant growth as users began to rely on it for all authenticated local updates in real-time, including information about nearby grocery stores, hospitals, and quarantine policies.
Azhar Iqubalinvested in QuickReply.ai in April 2023. Below are the details of this investment:
Announced Date
Organization Name
Lead Investor
Funding Round
Money Raised
April 27, 2023
QuickReply.ai
–
Seed Round – QuickReply.ai
$1.14 Million
Azhar Iqubal – Awards and Recognitions
Here are the prominent awards and recognitions of Azhar Iqubal:
Business World 40 under 40
Fortune India 40 under 40
Business World Young Entrepreneur Award
The Most Enterprising Brands
Leaders of Asia Award
Forbes India 30 under 30
Forbes Asia 30 under 30
FAQs
Who is Azhar Iqubal?
Azhar Iqubal is an Indian entrepreneur and Co-founder and Chairman of Inshorts. He is one of the sharks in the Shark Tank India.
Where is the headquarters of Inshorts?
Inshorts was founded in 2013 and is headquartered in Noida, Uttar Pradesh.
Who are Inshorts founders?
The co-founders of Inshorts are Azhar Iqubal, Anunay Pandey, and Deepit Purkayastha.
Who is Inshorts CEO?
Deepit Purkayastha is the CEO of Inshorts. He is also one of the co-founders with Azhar Iqubal and Anunay Pandey.
What is Azhar Iqubal education?
Azhar Iqubal studied at the Indian Institute of Technology (IIT) Delhi, where he pursued a degree in Mathematics and Computing. However, he dropped out before completing his degree to focus on building his startup, Inshorts.
What is Azhar Iqubal birthplace?
Azhar Iqubal was born in Bihar on 7th October 1992. His hometown is Kishanganj. The Inshorts owner age is 32.
What is Public App?
Public App is an Indian social network app for local news, with updates on nearby events, business, employment opportunities, and classified ads, among other things.
What is Azhar Iqubal business?
Azhar Iqubal is the co-founder of Inshorts, a popular news aggregator platform that delivers short news summaries. It was launched in 2013 to provide quick, easy-to-read news updates.
He is also the co-founder of Public, a location-based social network app launched in 2019. Public allows users to share updates, local news, and events within their communities.
StartupTalky presents Recap’24, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2024 and discuss their vision for the future.
The hair extension industry in India is growing pretty fast with increasing demand for high-quality products. This growth has opened up opportunities for brands to stand out by offering trusted, natural hair extensions that meet customer expectations.
In this edition of Recap’24, we explore the journey of Gemeria Hair, a brand that has set new standards in the market with its premium hair extensions and transparent sourcing practices. We connected with Mr. Shashi Kant Tyagi, Director of Gemeria India Pvt. Ltd., who shared insights into the brand’s beginnings, its achievements, and exciting plans for the future.
StartupTalky: What inspired you to start Gemeria Hair, and how did you ensure ethical practices in sourcing hair from South Indian temples?
Mr. Tyagi: The inspiration behind starting Gemeria Hair came from a desire to celebrate the beauty of natural hair while addressing the gap in the market for high-quality, ethically sourced hair extensions. I was passionate about creating a brand that would not only offer premium products but also reflect values of authenticity and sustainability.
We source all our hair from South Indian temples where hair donation is a sacred tradition. This is deeply rooted in the cultural and spiritual fabric of the region. By partnering with these temples, we maintain complete transparency and ensure that the proceeds from the hair benefit the temple communities, supporting local infrastructure and livelihoods.
StartupTalky: Gemeria has grown from zero capital to a turnover of INR 50 crores. Can you share the key milestones that contributed to this remarkable growth?
Mr. Tyagi: The growth of Gemeria Hair from a bootstrap startup to a thriving business with a turnover of INR 50 crores has been a journey of dedication, perseverance, and strategic vision. In the early stages, building trust with our customers was critical. By focusing on authenticity and superior quality, we were able to establish a loyal customer base.
Global expansion was another significant milestone. This allowed us to enter markets in the U.S., Europe, and the Middle East, scale up our operations, and get international recognition. Innovation also played a major role as we were constantly developing ready-to-wear clip-ins and keratin-bonded tips to meet emerging customer needs. Our strong D2C strategy, with e-commerce and social media, helped us reach a wider population and create a community around the brand.
StartupTalky: How has 2024 been for Gemeria Hair in terms of growth, challenges, and key achievements?
Mr. Tyagi: The year 2024 has been transformative for Gemeria Hair. We witnessed significant growth, especially in international markets like Dubai, where we expanded our D2C presence. This growth, however, was not without challenges. Global supply chain disruptions tested our resilience, and rising competition pushed us to innovate and adapt continuously.
Despite these challenges, the year was full of some achievements. We launched new product lines targeting diverse hair types and further cemented collaborations with salons and stylists across the globe. We also emphasized improving customer engagement by offering consultations tailored to the individual needs of customers and virtual try-ons, which raised the entire experience for customers.
StartupTalky: What makes Gemeria’s hair products, like your I-Tips and keratin-bonded tips, unique compared to others in the market?
Mr. Tyagi: Gemeria’s I-Tips and keratin-bonded tips differ from others in the market because of their unique quality and versatility. Made from 100% virgin Indian hair, these products give a natural look and unmatched durability. The sourcing process ensures that the hair retains its original texture and strength, making it a preferred choice for both professionals and consumers.
What truly sets these products apart is the attention to detail. They are designed for seamless application, whether by experienced stylists or individuals experimenting at home. Furthermore, the range of customization options in terms of color, length, and texture ensures that our products can cater to a wide array of preferences and styles.
StartupTalky: How has your focus on empowering women shaped the design and development of your products?
Mr. Tyagi: Empowering women has been at the core of Gemeria’s mission since the beginning. It is our belief that every woman should feel confident and beautiful and that our products help support that feeling of confidence. This philosophy affects every bit of product development: ensuring comfort and ease of use while creating styles that celebrate individuality.
Our commitment to empowerment extends beyond our customers to our team. A significant majority of our workforce comprises women who bring their skills, creativity, and attention to detail to every product we create. That is part of what makes them integral to the quality and craftsmanship that define Gemeria.
StartupTalky: As a D2C brand, what challenges did you face in scaling globally to markets like Dubai, and how did you overcome them?
Mr. Tyagi: Scaling a D2C brand globally comes with unique challenges, and our entry into markets like Dubai was not an exception. There were logistic barriers in terms of navigating regulatory requirements and optimizing supply chains to meet rising demand. Furthermore, entering such a competitive market called for differentiation of the brand and trust among new customers.
We addressed these issues by entering into agreements with local distributors to help streamline operations and ensure timely deliveries. Our marketing strategy focused on local preferences, highlighting the authenticity and quality of our products. Customer support localized to the market also was an important component in building a seamless experience and earning trust in new markets.
StartupTalky: With a portfolio of 1,600 product variants, how do you ensure quality control and customer satisfaction across such a diverse range?
Mr. Tyagi: Quality across this kind of portfolio is a challenge, but also a priority. We have put in place at Gemeria a multi-step quality assurance process that commences with sourcing and carries on through production, packaging, and delivery. That is a very thorough approach to ensuring every product meets our standards.
Customer satisfaction is equally important. We actively seek feedback and use it to improve our offerings. Our dedicated customer support team addresses concerns promptly, reinforcing trust and loyalty. This meticulous attention to detail and commitment to customer care have been instrumental in maintaining our reputation for excellence.
StartupTalky: How has the hair extension industry evolved over the years, and what latest trends do you foresee in the future as opportunities?
Mr. Tyagi: The hair extension industry has transformed significantly. It has moved towards more personalization, inclusivity, and sustainability. The demand is growing for products that can cater to unique hair types and lifestyles. Eco-conscious consumers are also driving brands to be more sustainable.
Opportunities will lie in moving towards the development of eco-friendly product lines and packaging. AI-enabled virtual try-ons will revolutionize the customer interface, creating a more responsive and personalized experience. The inclusion of varied needs of global consumer demands, including different textures and varieties, will continue to power growth in the industry.
StartupTalky: What’s your approach to marketing and customer engagement, especially for building brand loyalty?
Mr. Tyagi: At Gemeria, our marketing and customer engagement strategies revolve around authenticity and community. We use storytelling to connect with our audience, showcasing real transformations and the impact our products have on their lives. Social media plays a pivotal role, allowing us to interact directly with customers and create a sense of belonging.
It extends beyond just selling products. We’re here to teach customers about hair care and styling so they can make better choices for themselves, and our loyalty programs and special perks help drive the customer experience for long-term relationships.
StartupTalky: What role does innovation play at Gemeria, and what are some upcoming products or services customers can look forward to in 2025?
Mr. Tyagi: Innovation is the backbone of Gemeria’s success. We are always on the lookout for new technologies and materials to enhance our product offerings. This commitment to innovation ensures that we stay ahead of trends and consistently exceed customer expectations.
There, in 2025, I can expect to see many environment-conscious boxes; also, the variety will be more textured extensions targeted according to hair types. Some exciting work is being done: the inclusion of virtual styling tools, helping customers try out different kinds of looks and finding suitable products.
StartupTalky: As a founder, what advice would you give to aspiring entrepreneurs looking to build ethical, family-driven businesses?
Mr. Tyagi: My advice to aspiring entrepreneurs is to stay true to your values and let them guide your decisions. Building an ethical, family-driven business requires a deep commitment to transparency, integrity, and community. Focus on creating value for your customers and fostering trust through consistent quality and service. Surround yourself with passionate individuals who share your vision, never lose focus on your core mission, embrace innovation, but always remain anchored in the principles that define your brand. Success built on such foundations is not only sustainable but deeply fulfilling.
This article has been contributed by Samyak Jain, Co-Founder, and CEO, Zeko AI.
2024 saw the application of generative AI at all levels in organizations. The revolution of HR technology with AI-powered recruitment, performance measurement, and retention has begun and 2025 will witness more changes driven by new trends and innovations. According to Vorecel’s research, 70% of HR professionals believe AI and machine learning will improve their recruiting processes. In 2025, the next steps for companies will be to prioritize learning and leverage data for personalization. Additionally, focusing on mental wellness through programs and digital tools will become more crucial. With these changes, the future of HR technology appears promising. This is because it will significantly boost the productivity and satisfaction of employees in any company.
AI in Recruitment
Artificial intelligence is no longer an imagination about the future; it is fast becoming an indispensable tool in recruiting. Organizations have started using AI tools for sorting resumes and finding top talent. 2025 will find recruiters using AI-driven platforms and assessments at a large scale, ensuring cost and time-saving. From sourcing candidates to screening resumes in seconds, HRs will use these features extensively which will further permit HR professionals to pay attention to crucial factors in their responsibilities, together with cultivating relationships and identifying the appropriate organizational way of life.
Mental Health Support
The age and time when the welfare of employees was an afterthought has come to an end. With 2025 in sight, there may be a growing number of different initiatives that address employee wellbeing. For example, companies like Accenture and MasterCard are investing a lot in programs that support mental health, work-life balance, and the overall well-being of employees. The platforms supplying mental health guides, customized well-being strategies, and flexible planning are expanding rapidly. Satisfied personnel are more productive, engaged, and less likely to be seeking a job change. In 2025, leadership teams will further integrate AI chatbots for on-demand therapy, virtual wellness programs, and mood-tracking applications.
VR/AR in Training and Development
The integration of virtual reality (VR) and augmented reality (AR) is reworking the area of expert training through presenting immersive opportunities. Organizations have begun using VR/AR systems in their expert development programs which provide more efficient and interesting learning outcomes. By 2025, this trend is expected to grow with the introduction of specialized, advanced VR/AR technologies aimed at certain economic sectors and business applications. AR is expected to become a standard tool for onboarding and training programs, providing employees with hands-on experiences in virtual settings.
Promoting Remote Workplaces
Covid-19 brought the culture of work from home and then the hybrid model which is now the standard for all businesses. Technology serves as a link between employees who work in offices and those who work remotely. Productive remote meetings can be held using various platforms, which are important to simplify discussions and collaborations. For example Google Work Space, Slack, Microsoft Teams, Gmeet, and Zoom for communication; Trello and Asana for project management; OneDrive and Dropbox for file sharing; and Toggl and Clokify for Time Management and Productivity, these platforms enhance the ability, productivity, and understanding of work while working remotely. Additionally, AI-driven insights will help managers identify and address challenges unique to remote workers.
In 2025, expect to see more organizations adopting systems and processes that analyze employee performance and provide real-time support in terms of learning opportunities, feedback, conflict resolution, and wellness programs.
Pre- Onboarding
AI- powered Interviews will see widespread adoption. They will evolve to assess not only technical skills but also emotional intelligence and cultural fit. Evaluation using NLP (Natural Language Processing) will be used for sentiment analysis giving insights into how candidates perform under pressure, problem-solving skills and communication in teams. Recruiters will be able to gather in-depth insights and evaluation through auto-generated reports.
Candidates can now complete real-time tasks or simulations that evaluate both hard and soft skills. AI-driven platforms will offer tailored feedback, helping hiring managers make more informed decisions and candidates to understand their strengths and areas for improvement.
Post- Onboarding
AI will examine a variety of personnel data in order to forecast any turnover issues. It will be able to detect patterns like engagement trends, performance declines, and personal milestones and send out early warnings about workers who may be thinking about quitting. Through mentoring programs, professional development opportunities, or other retention tactics, HR departments will be able to take proactive steps.
Predictive analytics is already empowering HR teams to forecast trends and plan for future requirements. This year, advanced analytics tools will help HRs make even better data-backed decisions for productivity and retention.
Strategic Decision-Making with AI
With innovations in AI, HR functions are becoming more data-driven, enabling organizations to recruit, onboard, and retain talent. With predictive analytics tools, it is now possible to monitor employee performance, giving real-time insights to managers and feedback to employees. The interview processes are and continue to be simplified by AI, reducing time and cost for HRs. Training and development programs are customized, with AI suggesting personalized learning options. AI is not only facilitating HR managers but also helping employees become better with AI-powered chatbot assistants for common employee questions, lowering the burden on HR. 2025 will continue to see developments in analytics and emerging technologies. Organizations will need to be proactive in the adoption of such tools and platforms that provide them.
The Bottom Line
The trends influencing Human Resources in 2025 are not just a result of technological advancements; they indicate a significant shift. These trends highlight a move to human-centered approaches aided by cutting-edge solutions. As an HR leader, it is now your chance to bring transformation to the work culture in your organization. By using systems that focus on AI, machine learning, analytics, or statistics, you will not only future-proof your company but also develop a workplace where everyone thrives.
Snapdeal is a corporation that is headquartered in India and provides services to Indian customers. Its marketplace includes both domestic and international brands. Mobile phones, gadgets, computer accessories, clothing, cosmetics, fragrances, watches, purses, sunglasses, shoes, kitchenware, and more are all available at the lowest prices on Snapdeal.
About Snapdeal
When Kunal Bahl and Rohit Bansal established Snapdeal in 2010, it was the first group deals website similar to Groupon that gave users discounts at eateries, lodging facilities, movie theatres, and other establishments. The creators hoped to replicate the strategy after observing how Alibaba.com, a massive Chinese online marketplace, operated. Since eBay was the sole online marketplace in India at the time, Snapdeal started operating in 2011. Through its digital B2C (business-to-customer) platform, Snapdeal enables independent vendors to offer their goods to Snapdeal’s clientele directly. Although Snapdeal has a variety of business models, its primary business model is matching, in which it links online customers and sellers.
Snapdeal has a marketplace business model, which is an online marketplace that links consumers and sellers. It depends on independent vendors who post their goods on the marketplace; it does not own any warehouses or keep any inventory. Snapdeal manages the payment and delivery procedures, facilitating the buyer-seller transaction. The company can provide a wide variety of products to its consumers since it has a large network of merchants offering a wide range of goods. The foundation of Snapdeal’s business strategy is giving customers access to a huge selection of products and giving sellers a platform to reach a wider audience, which boosts sales.
How Snapdeal Makes Money | Snapdeal Revenue Model
Revenue Through Commission: The commission fees that Snapdeal charges sellers for using their platform are the main source of income for the company. Depending on the type of product sold, different commission rates apply.
Revenue Through Advertising: Apart from the commission, Snapdeal also makes money from advertising costs for sellers who want to advertise their products more prominently, listing fees for sellers who want to offer their products on the platform, and shipping services through Vulcan Express, its logistics division.
Revenue Through Value-added Services: Additionally, the business makes money from value-added services like customer support and packaging.
Revenue Through Digital Goods and Financial Services: Snapdeal also makes money from its digital goods and financial services, such as internet recharging, bill payment, and the purchase of airline and bus tickets.
Snapdeal’s operating revenue dropped by 31%, from INR 540 crore in FY22 to INR 372 crore in FY23. Total expenses also decreased by 36%, going from INR 1,071 crore to INR 688 crore. Advertising and promotional costs saw a significant reduction of 71%, while employee benefit expenses rose by 8%. Overall, Snapdeal’s net loss reduced by 45%, from INR 510 crore in FY22 to INR 282 crore in FY23.
USP of Snapdeal
Snapdeal has developed into the first SaaS business in India to go public. Surprisingly, the business relied on sustainable expansion rather than raising primary capital to support its growth. This strategy paid off in August 2024, when Unicommerce‘s initial public offering (IPO) became the second most subscribed IPO of the year.
To expand its commercial operations to other cities
Collaborations with larger corporate entities to sell in bulk
Offers for festive sales can attract more users to Snapdeal’s marketplace
Snapdeal Threats
Intense online competition
Amazon and Flipkart have already seized a significant portion of the market
Quick Commerce’s network is growing quickly
Conclusion
The success of Snapdeal in the eCommerce space highlights the value of flexibility, strategic focus, and creativity. Snapdeal’s tenacity in the face of intense competition and market fluctuations provides valuable insights for companies hoping to effectively negotiate the intricacies of the digital marketplace. Snapdeal is a testament to the ability of technological integration and customer-centric tactics to influence the direction of Indian commerce as it develops further.
FAQs
When was Snapdeal founded?
Snapdeal was founded in February 2010. Kunal Bahl and Rohit Bansal founded the company.
What does Snapdeal do?
Snapdeal is an e-commerce platform that sells a wide range of products, including clothing, electronics, home goods, beauty products, and accessories. It connects sellers with buyers across India, offering affordable options and discounts.
What are Snapdeal strengths?
Snapdeal’s strengths include a wide range of affordable products, catering to various categories like electronics, fashion, and home goods. It has a strong network of sellers, ensuring product diversity, and a reliable delivery system across India. The platform focuses on customer satisfaction with easy returns and support, making it a trusted choice for online shopping.
Nitin Konde
