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  • Aravind Sanka: How Rapido’s Co-founder is Reshaping Urban Mobility in India

    Ever wondered how a simple idea can transform urban travel? Meet Aravind Sanka, one of the masterminds behind Rapido, India’s go-to bike taxi service, valued at $1.1 billion in 2024.

    A seed of an idea for what eventually became Rapido was likely sown in Aravind’s mind several years before the company was born. On X (formerly Twitter), the entrepreneur shared, “Back in the early days of work, I had realized that sharing a bike ride to work with my friend helped me save quite a bit of money, time, and effort. We beat the traffic every time and discovered shortcuts meant only for the bikes!” 

    Buckle up as we explore the twists and turns of his life and the lightbulb moment that sparked Rapido’s creation. It’s not just a success story; it’s a rollercoaster ride of innovation, perseverance, and a dash of entrepreneurial magic. 

    In this tell-all article, we’ll walk you through Sanka’s fascinating journey, from his early days to becoming a game-changer in the transport world.  

    Aravind Sanka – Biography 

    Name Aravind Sanka
    Born 31 January
    Education Bachelor of Technology (B. Tech) in Mechanical Engineering at IIT Bhubaneswar
    Occupation Entrepreneur
    Known for Co-founder of Rapido
    Website rapido.bike.com

    Aravind Sanka – Early Life 
    Aravind Sanka – Career 
    Aravind Sanka- Personal Life
    Aravind Sanka- Rapido
    Aravind Sanka – Investments 
    Aravind Sanka – Controversies
    Aravind Sanka – Awards and Recognitions 
    Aravind Sanka – Interesting Facts 

    Aravind Sanka – Early Life 

    Aravind Sanka - Early Life
    Aravind Sanka – Early Life

    Aravind Sanka hails from a small village, Tirur, in Andhra Pradesh. “I’d never tasted pizza till I came to IIT,” he once shared in an interview. 

    Grade 9 was a life-defining period when Aravind’s parents recommended that he move out of the village for better opportunities. It was then that Aravind heard of the term “IIT Coaching.” Little did he know then that this bold step would soon change the trajectory of his life.  Although he’d never aspired to be an entrepreneur, the stars seemed aligned in that direction. As the first batch of  IIT Bhubaneswar, Sanka was a part of many “firsts” – defining campus culture, organizing the first college fest and raising money for it, and finding his own mentors from other IITs like IIT Kharagpur. Later, almost serendipitously, he was to be one of the first batch of Flipkart hires. These experiences, in a way, gave him a taste of what it’s like to set up something from scratch.  

    Rapido Success Story | Valuation | Funding | Unicorn | Business Model | Founders
    Rapido has entered the unicorn club by receiving $120 million in funding from Westbridge Capital in July 2024. Check out the full story here! Know more about it on Rapido Wiki.
    StartupTalkyPurbalee Dutta

    Aravind Sanka – Career 

    Aravind completed his Bachelor of Technology (B.Tech) in mechanical engineering at IIT Bhubaneswar from 2008 – 2012. He also worked as a summer intern at Tata Motors for three months in 2011.

    After a brief stint at Flipkart as a Supply Chain Finance Business Partner, where he was involved in the financial planning and expansion of the logistics of Ekart, Sanka co-founded theKarrier in November 2015, with two other IIT alumni, Pavan Guntupalli, and SR Rishikesh. theKarrier was an intra-city truck and goods transport vehicle aggregator, which combined technology and a network of owners to connect drivers and customers in a hitherto unregulated industry.   

    When they launched Rapido, they knew they were up against Ola and Uber which had monopolized the market. But the trio were convinced that the masses in India couldn’t always afford to book a cab and needed rideshare.   

    Aravind Sanka- Personal Life

    Outside of work, Sanka is an enthusiastic footballer. In a LinkedIn post, he said, “I feel playing football and managing a company have more in common than what catches the eye. Both activities require identifying the key strengths of players and trusting them to deliver on them. Each one is empowered with responsibility and authority, and the team collectively works together to achieve the goal(s).” 

    An avid traveler and lifelong learner, on an Instagram post he shared “I truly believe that traveling is the best kind of learning. It makes you modest and prepares you for the world.”

    He also gives back to the entrepreneur community by sharing nuggets of wisdom for budding entrepreneurs. He talks about the importance of having a positive mindset and financial discipline when managing funds. Sankha also emphasizes having work experience before starting your own venture as a way to find networking opportunities and identify the best practices for your business. 

    Rapido Business Model | How Does Rapido Earn Money?
    Rapido is one of the leading bike taxi providers in India. Let’s understand the business model of Rapido and how it earns money.
    StartupTalkyShalini Rath

    Aravind Sanka- Rapido

    Aravind Sanka- Rapido
    Aravind Sanka- Rapido

    Rapido pioneered the bike taxi concept in India in 2015, offering a faster and more cost-effective alternative to traditional taxis and auto-rickshaws for short distances.

    The service excels in providing last-mile transportation, addressing a critical gap in urban mobility, especially in congested areas and provides income opportunities for the thousands of bike owners who become “Captains” (drivers) on their platform.

    A user-friendly app allows for easy booking, real-time tracking, and cashless payments; this makes Rapido a convenient choice for riders. The company has placed an emphasis on safety with measures like helmet provision, speed limits, and thorough background checks for drivers. Rapido also potentially reduces traffic congestion and lowers carbon emissions compared to car-based services by promoting shared rides on two-wheelers.

    After the breakout of the COVID-19 pandemic, Rapido expanded its logistics operations, providing last-mile delivery of goods for local businesses and e-commerce companies. In October 2020, Rapido launched on-demand auto rickshaw hailing services.

    Rapido achieved unicorn status in January 2022 after raising $180 million in a funding round. Today, Rapido operates in over 100 Indian cities. The startup’s growth and operations have influenced discussions and policies around bike taxis in various Indian states, contributing to the evolving regulatory landscape for this sector.

    Aravind Sanka – Investments 

    Announced Date Organization Name Funding Round Money Raised
    July 26, 2022 Windo Seed Round – Windo $1.5M
    July 10, 2022 Exprto Live Seed Round – Exprto Live $50M
    April 12, 2022 iTribe Pre Seed Round – iTribe $1M
    June 24, 2021 Windo Seed Round – Windo $500K

    How Rapido Is Rapidly Beating Ola and Uber in India?
    While Ola and Uber were strong in urban metropolitan cities, Rapido decided to focus more on the needs of tier 2 and tier 3 cities with its bike taxi services.
    StartupTalkyKinnary Nensee

    Aravind Sanka – Controversies

    In October 2018, several Rapido bikes were seized in Coimbatore as the company was operating without a permit from the transport department. The next year, in July 2019, Rapido’s operations across Tamil Nadu were banned by Madras High Court. The App Store removed the Rapido iOS application for violating local laws. 

    In December 2022, Rapido Co-Founder Aravind Sanka and Legal Advisor Shantanu Sharma were co-accused in a case registered by Pune city police for cheating the Maharashtra state government and the regional transport office (RTO) by operating illegal bike taxis and not paying relevant taxes.

    Aravind Sanka – Awards and Recognitions 

    • Startup of the Year 2021: Awarded at the Startup2021 Awards organized by BusinessEx Entrepreneur, and Franchise India.
    • 30 Under 30 award (Travel category): Awarded by HT City, Hindustan Times, for being one of the young achievers of 2021. 
    • Young Entrepreneur Award: Awarded at Business World Young Entrepreneur Award 2020. 
    • Mobility Startup of the Year: Awarded at the Entrepreneur Awards 2020.

    In Delhi, Rapido Will Move to Electric Bike-Taxis Next Year
    Arvind Sanka, the co-founder and chief executive officer (CEO) of the ride-hailing startup Rapido, has informed a media outlet that the company is investigating the possibility of converting its bike-taxi service in Delhi to an all-electric mode within the next year.
    StartupTalkyNitin Konde

    Aravind Sanka – Interesting Facts 

    Aravind was possibly the first IITian from his small town in Andhra Pradesh.

    When Sanka and his co-founders decided to launch Rapido, they were close to raising Series A funding for theKarrier. Investors were keen to raise the next round. But behind the scenes, all three were in turmoil: they had growth but a sense of purpose was missing. The company pivoted from being B2B logistics (theKarrier) providers to B2C (Rapido) almost overnight.

    FAQ

    Who is the CEO of Rapido?

    The CEO of Rapido is Aravind Sanka.

    What is the education of Aravind Sanka?

    Aravind Sanka holds a degree in Mechanical Engineering from IIT Kharagpur.

    Who is the brand ambassador of Rapido?

    Rapido’s brand ambassadors are Ranveer Singh and Allu Arjun.

  • Bhuvam Bam Becomes Co-Founder of Peppy, a D2C Sexual Wellness Brand

    In order to expand the brand’s reach across demographics and customer cohorts, actor and content maker Bhuvan Bam has joined direct-to-consumer (D2C) company Peppy as a cofounder and investor.

    Entrepreneurs Devansh Agarwal and Shyamal Gupta launched the sexual wellness and pleasure company last year. It was entirely funded by bootstrapping until 2024, when it raised its pre-seed round from outside angel investors. With a current valuation of INR 50 crore, it intends to attract further money in the seed phase.

    “Peppy, in my opinion, offers a chance to promote a much-needed shift in India’s views on sexual pleasure. Even though society has changed a lot, people are still held back by the taboo around physical closeness. It hinders candid conversations about personal needs, underscoring the importance of establishing forums for such dialogues,” Bam stated. Through his partnership with Peppy, he hopes to assist people in overcoming these social conventions and enabling them to confidently and easily embrace their path to intimacy.

    Global and India’s Sexual Wellness Market

    Among the angel investors in the pre-seed round were Bam, Ruchi Gupta, and Rohit Raj, the founder and CEO of BBKV Productions. According to the firm, it is now increasing its seed round in order to broaden its market reach and sales channels.

    The global market for sexual wellness was assessed by Allied Market Research to be worth $20.6 billion in 2023 and is projected to increase at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2033, reaching $32.5 billion. By 2030, the Indian sexual wellness industry is projected to have grown from $1.15 billion in 2020 to $2.09 billion.

    The increasing number of health concerns about sexual dysfunction and well-being is the main factor driving the sexual wellness market in India. This is because the prevalence of sexually transmitted diseases (STDs) like herpes, chlamydia, and HIV is rising nationwide. In addition, the Indian government is implementing programs and efforts pertaining to comprehensive sex education, which is improving the market’s outlook.

    Positive government and independent non-governmental organisation actions encouraging the appropriate use of contraceptives are also driving the market. In addition, there are a growing number of direct-to-consumer (D2C) businesses in the nation that provide sexual wellness products and services, such as sexologist consultations and diagnostics, to help clients enhance their sexual and reproductive health through discreet product deliveries and free online consultations.

    Peppy’s Operational Roadmap

    In India, intimate wellness has sometimes been overlooked, although it is undeniable that having a satisfying sexual life is essential to one’s general pleasure and wellbeing. Peppy is breaking down boundaries and normalising conversations about pleasure with the distinctive inventiveness and interpersonal skills of Bhuvan and Rohit.

    According to Agarwal, Peppy is about changing India’s perspective on intimate happiness, not just about selling goods. Peppy wants sexual wellness items to be as common (and guilt-free) as your favourite food or beauty products. With its superior quality and user-friendly, body-safe designs, the brand aims to make sure that everyone, regardless of age, gender, income, or background, can obtain what they need to feel good.

    Popular YouTuber Bhuvan Bam became Investor by Funding HYPD
    Bhuvan Bam is a popular YouTuber, who recently started his production house and funded in HYPD Technologies. Know about Bhuvan Bam as investor.
    StartupTalkyMuskaan Kapoor

  • Elevation Capital-backed Aye Finance Receives Board Approval for an IPO of INR 1,450 crore

    The SME-focused non-banking loan company Aye Loan Limited (previously Aye Finance Private Limited) plans to raise up to INR 1,450 crore through an IPO. According to documents obtained by a media outlet, the company’s board authorised the IPO plans at an Extra-Ordinary General Meeting (EGM) on December 11.

    A new issue of equity shares up to INR 885 crore and an offer for sale (OFS) of equity shares totalling INR 565 crore are both part of the planned IPO. The offering is a component of Aye Finance’s plan to strengthen its financial position and grow its business in the cutthroat lending industry, but it is contingent upon regulatory approvals and market conditions.

    After years of rapid expansion, the announcement comes as Aye Finance is eager to increase its presence in the cutthroat lending industry. The market’s reaction and the regulatory landscape, however, will ultimately determine the IPO’s outcome.

    ESOP Modification and Revamping of Management

    The EGM authorised changes to the company’s ESOPs, including plans for 2016, 2020, and 2024, in addition to the IPO with the goal of improving employee incentives. The resolutions also contained changes to the conditions of significant executive appointments, such as the nomination of Aditya Misra as a non-executive, non-independent director and Sanjay Sharma as Managing Director of ABC Impact.

    The Singapore-based ABC Impact led a Series G fundraising round in September that saw the microlending platform successfully raise INR 250 crore. British International Investment also participated in the round. Together with the $30 million in debt financing the company had previously secured in June, this equity investment increased Aye Finance’s total equity fundraising to INR 1,500 crore.

    Five non-executive and non-independent directors, primarily representing investors, also resigned during the meeting for personal reasons. When a private corporation wants to go public, it is normal practice to tighten the board.

    These directors were Gaurav Malhotra from British International Investment, Kaushik Anand Kalyana Krishnan from A91 Emerging Fund, Kartik Srivatsa from LGT Capital Invest Mauritius PCC, Navroz Darius Udwadia from Alpha Wave India, and Vivek Kumar Mathur from Elevation Capital.

    Financial Book and Company’s Operations in FY24

    At the end of FY24, the loan book of Aye Loan Limited was worth INR 4,473 crore, the net profit increased from INR 57 crore in FY23 to INR 161 crore, and the annual growth rate was 46% from FY18 to FY24. In FY24, their entire revenue increased from INR 637 to INR 1,066 crore.

    The business focuses mostly on small and medium-sized businesses and excels in working capital financing. Microbusinesses with yearly sales between Rs 10 lakh and Rs 1 crore, such as kiranas or general stores, dairies, manufacturers, and merchants, are the main recipients of loans from Aye Finance. As of June 30, 2024, hypothecation loans and quasi-mortgage loans, with an average ticket size of INR 1-1.5 lakh, accounted for 92% of the AUM.

    BlueStone Files DRHP for INR 1,000 Crore IPO
    Jewelry retailer BlueStone has submitted its Draft Red Herring Prospectus (DRHP) for an IPO to raise INR 1,000 crore, marking a significant milestone.
    StartupTalkyNitin Konde

  • BlueStone Submits a DRHP for an IPO for INR 1,000 Cr

    The omnichannel jewellery business Bluestone has submitted its first initial public offering (IPO) draft red herring prospectus (DRHP) to market watchdog SEBI. An offer-for-sale component of up to 2.40 Cr equity shares and a new issue of shares valued at INR 1,000 Cr will make up the IPO. During the IPO, current investors Accel and Kalaari Capital will sell their shares. Saama Capital would sell 41 lakh shares, while Kalaari will sell up to 79.78 lakh shares through two funds. Accel India will sell 30.27 lakh shares, and IvyCap Ventures will sell 31.26 lakh shares. 17.53 lakh shares would be dumped by Iron Pillar. Sunil Kant Munjal, the chairman of Hero Enterprise, would also sell 40 lakh shares through the OFS.

    The issue’s book-running lead managers are Kotak Mahindra Capital Company, IIFL Capital Services, and Axis Capital. It is suggested that the equity shares be listed on both the BSE and the NSE.

    How Company Plans to Utilise Proceeds

    The company’s working capital needs and other corporate goals will be funded with the new IPO revenues. INR 750 Cr of the entire new issue will be used to cover working capital needs. The remaining INR 250 Cr will be used for a variety of general business objectives, including partnerships and joint ventures, strategic initiatives, shop openings, loan repayment and prepayment, and more. Purchasing fixed assets like furniture and fixtures, paying back franchisee debts, and handling marketing, maintenance, insurance, and administrative costs are all included in general corporate operations.

    In the fiscal year 2023–2024 (FY24), BlueStone‘s operating revenue increased 64% to INR 1,265.8 Cr, while its net loss decreased 15% year over year (YoY) to INR 142.2 Cr. Additionally, the business revealed its financial results for the first three months of FY25 (Q1 FY25). In the first quarter of FY25, it reported a net loss of INR 52.22 Cr on INR 359.19 Cr in operating revenue. INR 418.14 Cr was spent in total for the quarter that ended in June 2024. 

    How Brand Operates?

    BlueStone, an omnichannel jewellery firm founded in 2011 by Kushwaha and Vidya Nataraj, offers over 8,000 designs for rings, pendants, earrings, and other items. Some of its retail locations are owned by it, while the others are run as franchises. It asserts that it has more than 200 retail locations nationwide. BlueStone has competition from established jewellery businesses such as GIVA and CaratLane. Neo Markets provided the business with INR 100 Cr in debt capital in June. To date, BlueStone has raised more than $200 million in total fundraising.

    Prior to delaying its initial plans to go public in 2022, the company raised money from private equity (PE) firms. In the world’s second-largest market for gold jewellery after China, BlueStone is establishing itself as a major player alongside listed behemoths like Titan’s Tanishq brand, Kalyan Jewellers, Senco Gold, and Tribhovandas Bhimji Zaveri, among others.

    SEBI Approves IPOs for Smartworks and Ecom Express
    Smartworks and Ecom Express secure SEBI approval for their IPOs, paving the way for their public market debuts and strategic growth plans.
    StartupTalkyNitin Konde

  • Maharashtra Sends Zomato a GST Demand Notice for INR 803.4 crore

    The food delivery aggregator Zomato announced on 12 December that a tax demand of INR 803.4 crore, including interest and penalties, had been made by the Thane GST department. In a regulatory filing, Zomato stated that the company had received a demand order over the nonpayment of GST on delivery charges, along with interest and penalties.

    On December 12, Zomato Limited informed stock exchanges that it had received a GST order from the Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra, confirming the demand for INR 401,70,14,706/- (Rupees 415 crores seventy lakhs fourteen thousand seven hundred and six) in GST, along with interest as applicable and a penalty of INR 401,70,14,706/- (Rupees 415 crores seventy lakhs fourteen thousand seven hundred and six) for the period September 29, 2019, through March 31, 2022.

    Notice Due to Non-Payment of GST

    In its stock exchange statement, Zomato Limited stated that it had received a demand order over the nonpayment of GST on delivery charges, together with interest and penalties.

    The business stated that it feels it has a compelling case and will appeal to the relevant authority. “According to Zomato, the company has a compelling argument on its own merits, supported by the views of its outside legal and tax counsel. The business intends to appeal the order to the relevant authority,” Zomato stated. The shares ended the latest trading session on December 12 at Rs 285.60 each, down 2.12% (or INR 6.20) from the closing of the day before.

    Zomato on a Strict GST Scanner

    It is important to note that earlier this year, authorities in Gujarat, Karnataka, and Haryana sent Zomato several GST demand notices. In September, the West Bengal GST authorities last sent it a GST demand and penalty order of more than INR 17.70 Cr. The same West Bengali body had earlier in the month sent it a GST notice for INR 9.85 Cr. The company was served with a demand notice by Pune tax authorities for allegedly failing to pay taxes on the delivery fees that were collected from clients between July 2020 and March 2022. The most recent step for Zomato follows its first qualified institutional placement (QIP) in late November, which garnered INR 8,500 Cr (about $1 billion).

    In the meantime, Zomato CEO Deepinder Goyal, who frequently makes headlines for his odd tweets and comments, recently posted that the company was looking for a Chief of Staff and that the chosen candidate would need to pay the company INR 20 lakh in order to be hired. 

    He then stated that he never intended to charge individuals for the position, despite receiving over 18,000 applications. “This was no ordinary job posting. Goyal added, “As some have pointed out, ‘You have to pay us 20 lacs (sic) was just a filter to find people who had the power to appreciate the opportunity of a fast track career without getting bogged down by constraints in front of them.”

    Swiggy Unveils ‘Scenes’ to Elevate Event Experiences
    Swiggy launches its new ‘Scenes’ feature, designed to support and enhance event experiences with innovative services and seamless event management solutions.
    StartupTalkyNitin Konde

  • The Rise and Fall of Lalit Modi: From Cricket Czar to Controversial Tycoon

    Lalit Modi became a monster who would swallow the well-established veteran officials of the game. This was in the year 2010 when he fled away from the country to escape arrest in the money laundering case. However, the former cricket administrator hit the headlines when he introduced actor Sushmita Sen as her better-looking partner. 

    Modi was at the peak of his career; he was the founder, first chairman, and commissioner of the IPL. Moreover, he ran tournaments for three straight three years. The head of the Champions League, the Cricket Association, and the second in command of the BCCI and Punjab Cricket Association crashed down in the year 2010. 

    In this StartupTalky story, we will explore how Lalit Modi, the cricket Czar, had a controversial fall from grace. 

    Lalit Modi – Biography

    Name Lalit Modi
    Born on November 29, 1963
    Birth Place New Delhi India
    Education Bishop Cotton School in Shimla St. Joseph’s College in Nainital Pace University in New York Duke University in North Carolina
    Profession Business Man Cricket Administrator
    Spouse Late Minal Modi
    Children Son: Ruchir Modi Daughter: Aliya Modi Step Daughter: Karima Sagrani
    Parents Krishan Kumar Modi (father) Bina Modi (mother)
    Siblings Brother: Sameer Modi Sister: Charu Modi Bhartia
    Known for Indian Premier League

    Lalit Modi – Early Life and Education
    Lalit Modi – Career
    Lalit Modi – Personal Life
    Lalit Modi – Controversies
    Lalit Modi – Awards and Recognitions

    Lalit Modi – Early Life and Education

    Lalit Modi, the influential businessman, was born on November 29, 1963. He is not only the founder but also the first chairman and league commissioner of IPL. He was born into one of the leading families of India and is the elder son of Krishan Kumar Modi. 

    His grandfather, Gujar Mal Modi, founded the business conglomerate Modi Group, which has interests in chemicals, education, and consumer goods. This entrepreneurial lineage had meant early exposure to the principles of business and leadership for Lalit.

    Lalit had spent his formative years in India. Modi joined the Bishop Cotton School in Shimla in the year 1071 and was later admitted to St. Joseph School. He was a charismatic and outspoken man. However, he had his share of school years. Lalit was a rebellious kid and had disciplinary issues, and that’s why he was shifted between institutions.

    Lalit moved to the US for his higher education in 1983. He first studied at Pace University in New York for 2 years. Then he took admission at Duke University in North Carolina to complete his education. While abroad pursuing his academic journey, Lalit was able to fully embrace the wild world of global business and sports culture. In management and marketing strategies, he became keen on sports and entertainment. His exposure to cricket administration was set in place for his future innovations.

    At Duke, Lalit studied electrical engineering and business administration. His time in the U.S. was transformative, though he didn’t finish his degree. He constructed an influential network of connections and absorbed ideas that would eventually shape his revolutionary way of doing business in the world of cricket.

    The first part of Lalit’s life and education are a combination of privilege, difficulties, and exposure to diverse cultures. These experiences formed his entrepreneurial spirit and bold vision. 

    Companies Owned By Modi Enterprise
    Modi Enterprise is worth 1.5 billion USD. It oversees twelve brands (approximately). And below is a list of the Companies that Lalit Modi owns.
    StartupTalkyAbinaya Arangarajan

    Lalit Modi – Career

    Lalit Modi - Career
    Lalit Modi – Career

    In 1986, Modi returned to India and joined his family business. Moreover, he was announced as the president of the International Tabacco Company Limited, Godfrey Philips India. He was able to show his leadership and management ability within the family business framework.

    In February 1992, he became Executive Director, and he was in that position until August 2010. Godfrey Phillips India’s expansion into the market was under his leadership, and this was a huge contribution to the Modi family’s industrial conglomerate.

    Modi Entertainment Networks

    Modi entered the realm of the media and entertainment industry in 1993 when he founded Modi Entertainment Networks (MEN). Initially, MEN partnered with Walt Disney Pictures under a ten-year joint venture to bring Disney content, including Fashion TV, to Indian audiences.

    ESPN secured a 10-year contract worth $975 million, and MEN later became the pan-India distributor for ESPN. Modi collected revenue from cable operators for broadcasting rights to them. However, the relationship with ESPN ended badly after allegations of underreported revenues. MEN lost its association with fashion TV broadcasters as a result of disagreements between its founders. Despite these setbacks, Modi’s ventures led to his introduction to the commercial dynamics of the entertainment industry.

    In 2002, Modi dabbled in the lottery business by launching an online lottery platform, ‘Sixo’ in Kerala. This was a short-lived initiative, but it showed that he was able to explore many different business opportunities.

    Modi Enterprises

    Modi’s career took another turn when he joined Modi Enterprises, the family’s industrial conglomerate, as the president and managing director. His leadership brought stability and growth to the business, and he continued to grow the company all over the spectrum.

    Cricket and Political and Administrative Aspirations

    Lalit Modi craved for more than business. He pitched his new idea of a 50 over tournament to BCCI in the year 1995. However, the BCCI initially turned down his proposal. Modi desired to change Indian cricket, which gave him a foothold in the BCCI’s structure.

    He was elected to the Himachal Pradesh Cricket Association, an important body in BCCI, in 1999. But his attempts to wrest control of the association proved futile, and he was later expelled by the Chief Minister of Himachal Pradesh. And Modi’s political connections remained central to his career. In 2004, he was elected as vice president of the Punjab Cricket Association, which was under Inderjit Singh Bindra. 

    Rajasthan Cricket Association (RCA) leadership

    Modi, with the support of his close friend named Vasundhra Raje, was elected as the Chief Minister of Rajasthan. In 2005, he was elected President of the RCA, defeating incumbent Kishore Rungta by a narrow margin of one vote, after a strategic move to reform the Rajasthan Sports Act.

    Modi was the RCA President who undertook major changes at the Sawai Mansingh Stadium in Jaipur, spending INR 20 crore on its renovation. Along the way, he also built a state-of-the-art cricket academy and shuffled the financials of the stadium, almost doubling revenue by charging higher rates for corporate box seats and other advertising spots.

    BCCI, Indian Premier League (IPL) Role

    Modi helped Sharad Pawar, the National Congress Party leader, defeat Jagmohan Dalmiya in the BCCI presidential elections. This benefitted Modi as he was appointed as the vice president of BCCI. Being heavily involved in the commercial side of BCCI, Modi made a revenue of almost $1 billion. 

    Lalit Modi was the man behind the IPL concept, which was eventually based on Twenty20 cricket. The IPL moves in Africa were engineered by him in the year 2009 after the clash of dates with the Indian general election and Union Minister of Home Affairs. IPL’s worth is now over $12 billion and it has grown into one of the world’s biggest sports leagues.

    IPL’s Success

    Under Modi’s leadership, the IPL became a huge commercial success, and the game got lots of attention around the globe. But his involvement in the financial dealings behind the league was curious. But Modi’s family and close associates, including his brother-in-law Suresh Chellaram and childhood friend Jay Mehta, reaped financial gain from their stakes in IPL franchises.

    Suspension from BCCI

    In 2010, Kochi franchises filed a complaint with the BCCI alleging that Lalit Modi had threatened to relinquish the franchise. Lalit Modi was dismissed from the BCCI on 22 counts, including money laundering and betting, a day after the complaint was submitted. The accusations of improper financial practices led to an investigation into his dealings with the IPL. Modi’s suspension was a devastating setback both for his career and his standing in world cricket administration.

    Lalit Modi moved to London after the suspension and expanded his family business in Europe. He managed to stay in the international business community despite the legal troubles.

    How IPL Teams Earn Money?
    The IPL allows the best cricket players around the world to exhibit their talent. Here’s a learning of how IPL teams make money.
    StartupTalkyPV Vyshnavi

    Lalit Modi – Personal Life

    Lalit Modi - Personal Life
    Lalit Modi – Personal Life

    Dr. Krishan Kumar Modi was an accomplished industrialist, highly spoken about as the founder of the Modi Enterprises group, active in textiles, agriculture, and chemicals—a business his father actively engaged himself in establishing. His mother, Bina Modi, was also a businesswoman and social worker who came to be known for her notable social projects. Lalit hails from an established family. From a young age, he was exposed to business and luxury.

    He has two siblings, a sister and a brother respectively. Both of them individually follow their professional careers. Lalit’s family background instilled entrepreneurial skills in him. He often attributes business thinking to his father who has guided him to that point.

    Minal Modi had been a significant part of the life of Lalit Modi before her demise in the year 2018. The couple had two children: Ruchir Modi and Aliya Modi, a son and a daughter. Lalit was very much a part of Minal Modi’s life, and her sudden passing in 2018, after a hard-fought battle with cancer, was devastating for him. Speaking publicly, Lalit has talked about his deep sorrow after her death and how it affected his both personal and professional life. 

    Although Lalit was born and grew up in India, he now mostly lives in London, United Kingdom. A base from which he controls his worldwide business ventures, his luxurious London residence ranks amongst the best. It’s also a hub for the international elite, which fits the profile of Modi’s taste for high society.

    Lalit Modi’s lifestyle is by no means normal in terms of commuting. A luxury that a man with his status has, he is often travelling by private jet. He regularly shares his travels to exotic places from business jets on social media.

    Lalit Modi’s lifestyle is one of luxury, art, business, and sports. His social media presence gives you a little taste of this world, with some occasional pictures of his travels, high-profile events, and leisurely activities.

    He is impeccable with his dressing, always ushered in tailored suits adorned with some high-end brand clothes. He frequently posts pics of himself from such events as the Monaco Grand Prix and charity galas on his social media. Lalit’s attendance at these venues is usually an international celebrity and high-profile person, signifying a state of the art in the global elite.

    Lalit is also an art collector with a special interest in contemporary and modern art. His collection is full of works by prominent artists, and he is often visible at art auctions or exhibitions. 

    Lalit Modi’s social media presence provides us a window into who he is when he is not on his job. He posts his life on Instagram and Twitter. For example, his Instagram account has photos of him travelling, his family, his luxury cars, and his social circle. He even shares images from high-end events to portray his attendance at elite gatherings.

    His posts often feature his business ventures and philanthropy. Let’s take his charitable posting as an example: he’s shared about how he’s helped out with education and healthcare.

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    Lalit Modi – Controversies

    Rivalry with N. Srinivasan

    By 2009, tension between Lalit Modi and N. Srinivasan had fuelled rumours of rivalry. Part of Modi’s downfall was because of their differing views on IPL governance.

    IPL Expansion Controversy (2009–2010)

    Modi managed the bidding process in 2009, and he added two new clubs to the IPL, as well as two new stipulations. The terms required bidders to have a net worth of $1 billion and a $100 million bank guarantee. These critics argued these conditions were in favour of groups like Adani and Videocon. The BCCI changed the ITT after just two bids, removing the net worth clause and lowering the guarantee requirement, ruffling feathers for accusations of bid manipulation.

    Kochi Tuskers Kerala Franchise Controversy

    Lalit Modi claimed that Sunanda Pushkar, linked to politician Shashi Tharoor, was among them. Pushkar reportedly claims that Modi gave him the shares as a gift to Tharoor. Tharoor said he had only acted in an advisory role and denied involvement.

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    Lalit Modi – Awards and Recognitions

    • In 2006, Mike Atherton praised Lalit Modi as the most important cricket administrator in the world.
    • In 2008, he was ranked among India’s 30 most powerful people in India Today.
    • Sports Pro named him the best rainmaker in 2008.
    • He was ranked 16th in the world in sports executives by the Times.
    • At the Asia Brand Conference (2008), he won Brand Builder of the Year.
    • He was named the Consumer Award for Transforming Cricket in India by CNBC Awaaz (2008).
    • In 2008, Modi received Excellence in Innovation at the Frost & Sullivan Growth Excellence Awards.
    • He was ranked 19th in Business Week’s top global sports figures.
    • Business Standard named him ‘Game Changer of the Decade’ in 2009.
    • In 2009, Forbes declared the IPL the ‘hottest sports league in the world’.
    • In 2010, he was ranked second most powerful person in Indian sports by Sports Illustrated.

    FAQ

    Why did Lalit Modi leave India?

    Lalit Modi left India in 2010 due to allegations of financial irregularities in the IPL and fears of legal action.

    What are the companies of Lalit Modi?

    Lalit Modi was associated with companies like Modi Enterprises, Godfrey Phillips India, and Modi Entertainment Networks.

    What is Lalit Modi’s education?

    Lalit Modi studied at Bishop Cotton School, St. Joseph’s College, and Pace University, though he didn’t complete his degree at Pace.

  • Uber Introduces “Moto Women,” a Women-Only Bike Taxi Service, in Bengaluru

    Uber launched Uber Moto Women, a first-of-its-kind service that provides bike rides only for women, in Bengaluru on 13 December. The business intends to expand into additional major cities, including Hyderabad, Chennai, Delhi, Mumbai, and Kolkata. The on-demand two-wheeler ride service is intended to meet the safety and mobility demands of women by matching female drivers with female passengers.

     This is the first global project for Uber. Nowhere else in the world do you find such things exclusively for ladies. Since Bengaluru is the biggest market for bike taxis, Uber began there. About a million riders and 100,000 drivers are served by the city’s 5 million bike-taxi journeys every month across all platforms. Uber India and South Asia’s Head of Regional Business Operations, Abhishek Padhye.

    In Bengaluru, last-mile transportation is extremely scarce. Uber discovered that 30% of its female users were already using bike taxis. In addition to providing women with a safer and more convenient travel alternative, “Uber Moto Women gives female drivers the chance to work flexibly in one of India’s fastest-growing mobility markets,” Padhye said.

    Service is Crafted After Receiving Feedback from Women Riders

    Uber Moto Women, which was created in response to input from female drivers and passengers, provides a simple, cost-effective, and safe commute choice for women who would rather travel with female drivers or passengers.

    In metropolitan India, bike taxis are one of the modes of transportation that is expanding the fastest. In 2022, more than 280 million bike taxi rides were made across platforms, per a KPMG analysis titled “Unlocking the Potential of Bike Taxis in India.” Bengaluru is one of the biggest bike taxi marketplaces in the nation, with over a million rides every month. Furthermore, 65–70% of bike taxi trips accommodate first- and last-mile connectivity, underscoring the significance of these modes of transportation in enhancing public transportation.

    Uber faces competition from companies like Namma Yatri, Ola, and Rapido. Since two-wheelers with white license plates are prohibited from operating commercially under the Karnataka Motor Vehicle Rules, the government has contested the legitimacy of bike taxis, creating regulatory obstacles for the state’s mobility companies.

    Operating Under High Court’s Stay Order

    The Karnataka transport authorities took action against Uber-affiliated bike taxis in Bengaluru in November, citing regulations that prohibited two-wheeler taxis. According to experts, Bengaluru’s bike taxis are protected by a stay order from the High Court.

    In order to determine the best regulatory framework, all of the aggregators are actually working together and constructively with the authorities. “There is a real need in the market, and we are working with the government,” Padhye said, referring to the approximately one million riders and 100,000 drivers who use bike taxis.

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  • Swiggy Supports Events by Introducing its New “Scenes” Offering

    Foodtech giant Swiggy has introduced Swiggy Scenes, a new feature on its app, in what appears to be an attempt to strengthen its events and ticketing play. The new option, which was introduced under Swiggy’s “Dineout” offering, enables customers to reserve events, parties, and live music at Swiggy’s partner restaurants. Currently, customers can reserve over 55 events in Delhi, including live music, Christmas parties, and New Year’s celebrations. In Bengaluru, the firm has organised roughly 48 events. Swiggy wasn’t available right away to answer Inc42’s questions about the development. As soon as an answer is received, the story will be updated.

    Recently Launched Initiatives by Swiggy

    The launch of Scenes complements Swiggy‘s several other new developments over the past year or so. The company announced the introduction of One BLCK, a new premium invite-only membership club, on December 12. In October, it also introduced Bolt, a 10-minute meal delivery service. Nonetheless, this appears to be Swiggy’s first new product for its “out-of-home consumption vertical” in the previous 12 months. The vertical includes its restaurant reservation and booking platform Dineout as well as its exclusive events and experiences firm Swiggy SteppinOut.

    Swiggy’s Financial Progress

    In Q2 of FY25, Swiggy generated INR 60 Cr in sales from the vertical, a 71% increase over INR 35 Cr in the same quarter last year. Swiggy projected adjusted EBITDA break-even for the out-of-home consumption vertical for the current fiscal year in its investor presentation. In Q2 of FY24, the vertical’s deficit decreased 79% to INR 9.26 Cr from INR 44.34 Cr. During the reviewed quarter, the adjusted EBITDA margin as a percentage of its GOV was -1.3%, compared to -8.8% during the same period last year. This comes as Zomato, Swiggy’s fiercest opponent, has been strengthening its position in the ticketing market for a while.

    Zomato released District, a distinct app for its ticketing division, in November following the purchase of Paytm Insider earlier this year. Zomato provides its users with movie, event, and food options through the app. Through its first qualified institutional placement (QIP) in November, Zomato raised INR 8,500 Cr (about $1 billion) to support the expansion of its events and ticketing operations, as well as speedy commerce and food delivery.

    Cutting Down on Losses

    Revenue from its “Going Out” vertical increased 214% to INR 154 Cr in Q2 FY25 from INR 49 Cr in Q2 FY24. In the meantime, Swiggy reduced its consolidated net loss from INR 657 Cr in the previous quarter to INR 625.53 Cr in the September quarter, a 4.78% decrease. In Q2 of FY24, revenue increased by 30% to INR 3,601.45 Cr from INR 2,763.33 Cr.

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  • Awesome Christmas Gift Ideas For Startup Teams

    Gift-giving has been a special behaviour in human beings. It is a surprisingly complex and important part of human interaction. At its core, giving gifts is about connecting with others and strengthening bonds. The act reaffirms ties between people and conveys that the relationship matters. Picking out a thoughtful gift for someone requires spending a good amount of time understanding their personality, interests, and needs. It is about shifting the focus from oneself to bringing joy to others.

    In terms of business, the Christmas festive season makes for a great way for startups to give gifts to their employees as a token of appreciation. During Christmas, the startups can consider giving thoughtful gifts to their teams that can help boost their morale, productivity, and happiness.

    Startups are important drivers of innovation. They can create new solutions to problems or needs in the marketplace. Startups may be small companies, but they can play a significant role in economic growth. Entrepreneurs and their teams work tirelessly to build something meaningful, so what better way to show appreciation than with a thoughtful gift?

    The holiday season can sometimes feel challenging for startup teams, juggling tight budgets and time away from work. However, thoughtful gifts during this time can help lift spirits, improve morale, and show the team that their hard work is truly valued.

    So, if you’re a startup looking for some cool Christmas gift ideas, we’ve got you covered. Without any further ado, let’s explore some of the best Christmas gift ideas that startups can consider for their teams.

    “Remember that the happiest people are not those getting more, but those giving more.” ―H. Jackson Brown Jr

    Software Subscription
    USB Adapters
    Cord Organizer
    Productivity Planner
    Desk Essentials
    Portable Laptop Monitor
    Calendar Dry Erase Board
    A Great Book on Entrepreneurship
    Virtual Keyboard
    Noise Cancelling Bluetooth Headphones
    E-Book Reader
    OTT Streaming Subscription
    Smart Water Bottle
    Coffee Machine
    Handheld Scanner
    Projector
    Portable Chargers
    Smart Speakers
    Smart Watch
    Adjustable Laptop Stand
    Nice Laptop Bag
    Desk Plants
    Custom Gift Cards
    Relaxation Gift Sets
    Professional Courses
    Snacks Gift Baskets
    Gym Membership or Fitness Pass
    Standing Desk

    Software Subscription

    By subscribing to a hosting service, startups can easily access the latest software innovations from companies like Figma, Framer, InVision, Marvel, or Axure to create early product demos and mock-ups. The subscription can also include discounts of 1-year access to essential software such as Adobe Creative Cloud or Microsoft 365 at a lower cost. This can make for a thoughtful and practical gift for startup teams, helping them simplify their work while saving on costs. This way, startups can focus on their core business while the hosting provider handles the logistics, engineering maintenance, and upgrades.

    USB Adapters

    Nowadays, many new laptops don’t have USB ports, which can be inconvenient for people who want to connect different devices to their laptops. But there is good news. USB adapters are available to solve this problem. These adapters provide multiple ports and help you connect different devices with ease. Some USB-C adapters can even charge phones or tablets quickly, ensuring that startup teams can keep their devices running without worrying about limited laptop ports.

    Cord Organizer

    Christmas Gift Ideas for Startups - Cord Organizer
    Christmas Gift Ideas for Startup Teams – Cord Organizer

    Startup employees tend to have many electronic gadgets and charging cables, resulting in a tangled mass of cords. With the use of cord organizers, workspaces can be made more aesthetically pleasing and organized. Cord organizers help keep desks organized and presentable for customers, business associates, and guests. Some cord organizers are designed to be portable, allowing employees to carry their cables conveniently. 

    Productivity Planner

    Productivity plays a big part in many people’s lives. It tracks your schedule, the work you complete, and (of course) your productivity. The Productivity Planner is extremely useful for business owners looking to take control and start achieving maximum efficiency. Its main purpose is to document your work and plan out your day, and writing in one can also increase your productivity. Productivity planners can boost productivity by introducing a habit among the team.

    Desk Essentials

    Giving startup employees desk necessities allows them some individualization. Workers can set up their office desks in a way that best suits them, which encourages a sense of fulfillment and ownership. Trays, file organizers, holders, and other organizing supplies assist staff members in maintaining a neat and orderly workstation. Given their versatility and ability to accommodate a range of work styles and preferences, they make for excellent Christmas gifts for the employees.

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    Portable Laptop Monitor

    Christmas Gift Ideas for Startups - Portable Laptop Monitor
    Christmas Gift Ideas for Startup Teams – Portable Laptop Monitor

    Portable laptop monitors provide one with a full second screen to work from and clamp directly onto the laptop computer. It enables employees to multitask, which boosts their total productivity. It turns into a handy tool for group discussions, brainstorming sessions, and presentations, encouraging better teamwork. When there is a shortage of space, a portable monitor can maximize desk area and eliminate the requirement for a permanent dual-monitor configuration.

    Calendar Dry Erase Board

    This is a clear acrylic wall calendar with dry-erase markers. It comes in multiple sizes and can be customized to provide the ideal, sophisticated appearance for your space. Organizing a new business in this way is a terrific idea. Team members are more likely to be accountable when the calendar is visible. By offering a shared, user-friendly platform where everyone can view significant dates and events, this solution reduces the possibility of miscommunications or missed deadlines. It also functions as a tasteful yet subtle piece of wall decor.

    A Great Book on Entrepreneurship

    There are thousands of books available for entrepreneurs, making them a thoughtful gift for startup teams. Entrepreneur books are incredibly popular for self-education. Becoming an entrepreneur requires immense determination, and the best books for entrepreneurs offer valuable knowledge and guidance to help them succeed in their journey.

    Virtual Keyboard

    The Virtual Keyboard is designed to protect your password from malicious “Spyware” and “Trojan Programs”. The use of a Virtual keyboard will reduce the risk of password theft. The most important advantage of virtual laser keyboard technology is the relative ease by which these devices may accompany smaller hardware. The virtual laser keyboard is projected by a small device that easily travels with this other technology.

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    Noise Cancelling Bluetooth Headphones

    Noise-cancelling technology aggressively decreases or eliminates ambient sounds, resulting in a quieter atmosphere. This is especially helpful in chaotic startup settings or open offices since it helps the person wearing it focus on duties without being distracted by background noise. Employees can work more efficiently, fulfill deadlines, and work in concentrated, uninterrupted sessions. Many noise-canceling headphones have ergonomic designs and cushioned ear cups to make them comfortable to wear for extended periods.

    Bluetooth technology makes mobile phones more functional. Bluetooth is a high-speed, low-powered wireless link technology that is designed to connect phones or other portable equipment.

    Benefits of Bluetooth headset for business mobile phones:

    • Hands-free mobile phone use
    • Bluetooth headset is inexpensive
    • Bluetooth provides very low interference
    • Bluetooth is reliable and universal
    • Bluetooth consumes little energy
    • Bluetooth devices are wireless
    • Bluetooth is automatic

    E-Book Reader

    An e-book reader is a fantastic gift for anyone who loves to read. It’s compact, portable, and opens up access to hundreds of books on the go, whether for learning or leisure.

    OTT Streaming Subscription

    We all love binge-watching our favourite shows. An OTT streaming subscription is a fun way to gift some entertainment. Consider gifting a yearly subscription to platforms like Netflix, Amazon Prime, or Disney+ Hotstar—your team will thank you!

    Smart Water Bottle

    Smart water bottles are great for health-conscious employees who may be having trouble with their diet plan or productivity because they are not drinking enough water. Drinking enough water each day is an important part of improving your health and fitness. Smart water bottles track your water intake throughout the day and tell you when you need to drink more, making a meaningful Christmas gift for your team.

    Coffee Machine

    A coffee maker can make employees happy by letting them easily enjoy their favourite coffee. It’s also great for remote workers, giving them a quick energy boost on busy days. With a coffee maker, they don’t need to leave their desk to get a good cup of coffee, saving time and helping them stay focused.

    Handheld Scanner

    A handheld scanner is an electronic device that performs the task of scanning documents just like a flatbed scanner. Handheld scanners are an extremely valuable tool for communication purposes. Several different technologies have made modern handheld scanners incredibly advantageous. Handheld scanners come in several different sizes. Handheld scanners are more popular because of their space-carrying capacity and portability, making them a useful Christmas gift for the team.

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    Projector

    During meetings, workshops, or presentations, a projector is a vital tool for conveying concepts, information, and data since it enables large-scale visual presentations. It ensures that everyone in the room can easily follow along and enhances visual communication. Slideshows, presentations, films, and live demos are just a few of the content kinds that can be displayed on a projector. Due to its adaptability, it can be used in a variety of work environments and industries, making it a great present for entrepreneurs.

    Portable Chargers

    The portable chargers are handy and proficient enough to recharge your phone in a very short period and at any place. Most of the time, when you are in a hurry for some urgent meetings, family calling, or other emergencies and you find your phone’s battery is drained then you can use portable chargers. The best things about these portable cell phone chargers are that they are not only light enough to carry but also come without any unnecessary wires and cables.

    Smart Speakers

    Smart speakers, such as those powered by virtual assistants like Amazon Alexa or Google Assistant, offer hands-free assistance. Busy startup professionals will find this feature especially helpful as it allows them to make reminders, quickly access information, and complete tasks without interrupting their main duties. A smart speaker may act as a central hub for managing various devices, which is why many startups are implementing intelligent office solutions. This covers security cameras, smart lighting, thermostats, and other devices. Users of these gadgets can also use them for entertainment, such as listening to a podcast or music.

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    Smart Watch

    Smartwatches are wearable computers in the form of wristwatches providing more features besides timekeeping. Smartwatches provide easy access to some of the smartphone applications and also provide sensor data like heart rate monitoring and sleep tracking which isn’t available on smartphones. Smartwatches provide an extension to your smartphone showing some of the content you could see on your phone but without reaching for your phone. Step counting, Heart Rate Monitoring, and GPS are some of the features that may come with a smartwatch.

    Adjustable Laptop Stand

    Christmas Gift Ideas for Startups - Adjustable Laptop Stand
    Christmas Gift Ideas for Startup Teams – Adjustable Laptop Stand

    An adjustable laptop stand enables you to raise and lower the height of your laptop to maintain a better ergonomic posture while you use it.

    Below are the reasons you should use a laptop stand:

    • If you use your laptop with an external monitor, raising the laptop to a similar height as your monitor will help prevent eyestrain and neck pain.
    • Using a height-adjustable laptop stand to keep the laptop above your desk surface—or lap—will help keep it cooler. Your laptop’s performance can suffer if it gets too hot.
    • An ergonomic laptop stand can help you position the angle of your laptop so you can reduce screen glare, which can lead to eye strain and headaches.
    • Many laptop stands have advanced features that can be very handy, including extra USB ports and cable management, a small drawer, or even a slot to hold your smartphone.

    Nice Laptop Bag

    No one carries a laptop and other essential gadgets with empty hands. For carrying a laptop and other gadgets you need a bag that will protect and cover against dust and other physical damages. Everyone can benefit from a designer laptop bag and they come in all kinds of shapes and sizes from backpacks to trendy handbags to shoulder bag styles.

    Desk Plants

    Christmas Gift Ideas for Startup Teams - Desk Plants
    Christmas Gift Ideas for Startup Teams – Desk Plants

    Desk plants are a simple way to brighten up any workspace. Low-maintenance options like succulents or small potted plants add a little nature and help improve mood and air quality. It is a perfect gift for making the office desk feel more alive.

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    Custom Gift Cards

    Custom gift cards are all about flexibility and personalisation. Whether it’s for a favourite store, an online platform, or a local experience, they let the recipient choose exactly what they want. A great idea for your startup team to grab what they need for Christmas.

    Relaxation Gift Sets

    Relaxation gift sets are perfect for some much-needed self-care. Nowadays, there are many items available for creating a sense of relaxation, like scented candles, bath salts, essential oils, and more. With stress levels rising among professionals, this is a thoughtful gift to help your team relax after a hectic day.

    Professional Courses

    Professional courses are a smart gift for a team looking to grow. Whether it’s a business management course or a creative workshop, it’s a great way to encourage both personal and professional development.

    Snacks Gift Baskets

    Who doesn’t love snacks? Snack gift baskets are fun and practical, especially for startup teams. You can consider making customised snack baskets containing healthy snack items like seeds, nuts, foxnuts, etc. This makes for a perfect gift for working professionals to keep their energy levels up during long workdays.

    Gym Membership or Fitness Pass

    A gym membership or fitness pass is a great way to encourage health and wellness. It promotes a balanced lifestyle and helps your team stay active and energised. With the New Year around the corner, it’s the perfect gift to start the year strong.

    Standing Desk

    Christmas Gift Ideas for Startups - Standing Desk
    Christmas Gift Ideas for Startup Teams – Standing Desk

    A standing height adjustable desk allows users to customize their workspace to create an ergonomic setting. Allowing users to customize the desk height to their desired setting improves comfort and lowers the risk of pain and musculoskeletal problems brought on by prolonged sitting. Throughout the day, employees can effortlessly shift between standing and sitting positions. Therefore, a desk with adjustable height is a kind and health-conscious gift.

    Conclusion

    This Christmas festive season, choose presents that align with the entrepreneurial mindset, encouraging teams to flourish in the ever-changing world of innovation. As we exchange holiday joy, these thoughtfully selected gifts represent a commitment to boost creativity, teamwork, and well-being that is essential for any startup to thrive in the economy.

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  • Unnati Venture India Invests in GRF, Advancing India’s Goal as a Global ADR Hub

    New Delhi [India], December 13: In December 2024, Unnati Venture India announced a strategic investment in the Global Resolution Forum (GRF), India’s premier hybrid dispute resolution platform. This partnership is poised to strengthen GRF’s mission of transforming India into a global hub for Alternative Dispute Resolution (ADR) by leveraging advanced technology, progressive regulations, and unparalleled administrative frameworks.

    GRF, founded by Mr. Sourav Karmakar, a distinguished legal professional, offers a dynamic and innovative approach to dispute resolution. Mr. Karmakar’s remarkable journey began with a full scholarship to study International Law in China in 2018, where he focused on Asia-Pacific connectivity. His ventures include founding the LADRC initiative and ALSA India in 2018 and 2019, respectively, and coordinating the ADR Centre at Lloyd Law College in 2021, where he trained over 350 students. In 2022, he established Paran Samaj Kalyan Samiti, a West Bengal-based NGO dedicated to social development. Currently, he serves as a visiting faculty at SGT University and an advisor to its student-run ADR Centre.

    With Mr. Karmakar’s leadership, GRF blends domain expertise, well-structured procedures, and advanced facilities to deliver high-quality ADR services. Unnati Venture India’s investment will bolster GRF’s infrastructure, expand its reach, and foster technological innovations, propelling India’s prominence in the global ADR landscape.

    Acknowledging the support of Mr. Aakash Deep, a serial entrepreneur, Mr. Karmakar also introduced co-founder Dr. Richa Chowdhury, whose academic contributions from SGT University have been instrumental in GRF’s success.

    This collaboration underscores GRF’s unwavering commitment to positioning India as a leader in ADR, marking a pivotal step in reshaping the country’s dispute resolution ecosystem to compete on a global scale.

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