Until the next hearing, the court barred Swiggy from alienating 24 of a former executive’s exercised stock options and 185.454 vested and unexercised stock options. Arun Cyril, Swiggy’s former assistant vice president, contested his “illegal” dismissal from the foodtech firm and the ESOPs that followed. Swiggy’s initial public offering (IPO) ended on 8 November 2024, with the public offering being oversubscribed 3.59 times on the last day.
For the time being, until the next hearing, a Bengaluru civil court has barred foodtech giant Swiggy from alienating or “creating any charge” on more than 200 stock options owned by a former executive who was fired by the business earlier this year. According to the court’s order dated November 7, defendant No. 1 company (Swiggy) and its directors are prohibited from establishing any charges, interests, or alienating 185.454 vested and unexercised stock options and 24 exercised stock options of the plaintiff until the next hearing date. The next hearing in the case is scheduled for November 23 by the court.
What Lead to Court’s Intervention?
Arun Cyril, the former assistant vice president of Swiggy’s contact centre operations, petitioned for the directives earlier this year.
Cyril, who spent over ten years working at the foodtech major from 2015 to 2024, contested his “illegal” layoff and the company’s subsequent cancellation of his employee stock option plans (ESOPs) in the plea. Swiggy and its rival Zomato were found guilty of violating antitrust regulations and giving preference to specific restaurant chains listed on their platforms, according to a report by a media house earlier today.
In addition, on November 6, the Delhi High Court sent notice to Swiggy and the Competition Commission of India (CCI) regarding a plea submitted by the National Restaurant Association of India (NRAI), contesting the exclusion of the trade association from a confidentiality ring established by the watchdog to investigate purportedly anti-competitive actions by Zomato and Swiggy.
Swiggy’s IPO
Among all of these, Swiggy’s initial public offering (IPO) closed recently, with the deal oversubscribed by 3.59X on the last day. In contrast to the 16.01 Cr shares available, the IPO got bids for 57.53 Cr shares, with qualified institutional investors (QIBs) accounting for the majority of these bids. The IPO consists of an offer for sale (OFS) of 17.5 crore shares and a new issue of shares valued at INR 4,499 crore. For the public offering, Swiggy has specified a price range of INR 371 to INR 390 per share. On November 5, before the issue was made available for public subscription, Swiggy obtained INR 5,085 Cr from anchor investors. On November 13, its shares are now scheduled to go public.
Swiggy’s first quarter (Q1) of the fiscal year 2024–25 (FY25) saw a combined net loss of INR 611 Cr, up more than 8% year over year (YoY). During the reviewed quarter, operating revenue increased 35% year over year to INR 3,222.2 Cr.
India might soon contribute to the design, testing, and research of Apple’s new products. The Cupertino-based business has established Apple Operations India as a completely owned subsidiary in India.
The new entity’s anticipated activities included hiring engineers for hardware development, leasing facilities, purchasing engineering equipment, and offering failure analysis services to group companies, according to a regulatory filing.
‘Letter of Comfort’ From Apple
According to Apple Operations India’s registration with the Registrar of Companies (RoC) last week, Apple Inc. has provided “a letter of comfort,” guaranteeing that it will continue to provide “operational and financial support” for the “foreseeable future.” It would be the first time in Indian history for the iPhone manufacturer to design and test hardware in the nation. Currently, the business conducts research and development in Israel, China, Germany, and the US. Additionally, this is the first time the US parent company’s Macintosh PC manufacturer has established a direct subsidiary in India.
According to the RoC, Apple Operations International, based in Ireland, is the owner of Apple India, the holding company of its current sales and marketing entity.
According to the application, Apple outsources the manufacturing of its products in India, and the new entity would assist independent contractors and manufacturers by offering hardware, software, and other services.
Apple’s Operations in India
Top international electronics companies like Samsung, LG, and Sony currently have research and development (R&D) facilities in India; however, these are primarily restricted to software development for international launches and hardware localisation of products. Vivo and Oppo, two Chinese phone manufacturers, operate similarly.
To outsource tech and back office services and carry out research and development, numerous multinational corporations from the United States and Europe have established global competence centres (GCCs) in India.
In addition, Apple is establishing the new India corporation in the midst of the ongoing economic dispute between the US and China, which is predicted to get worse after Donald Trump won the recently concluded Presidency Election.
Apple is Growing its Network in India
According to its memorandum of association with the RoC, Apple Operations India will “undertake research and development and design relating to science, engineering, technology and applied technology, computer and information technology programming, research and systems, related technical support, technical testing and analysis,” among other related activities.
According to the memorandum, it will also supply third-party manufacturers and/or contractors with any kind of “equipment, instruments, components, and systems, technical, electronic, mechanical, software, or otherwise, by way of lease, hire, or otherwise.”
Tim Cook, the company’s CEO, has admitted in all of the company’s earnings calls over the past few years that Apple has been breaking sales records in India every quarter. As Cook stated last month, Apple now has two company-owned stores in India and intends to launch four more soon. Apple is currently the nation’s biggest exporter of electronics after growing its manufacturing facilities there with three partners.
On November 10, food delivery giant Zomato unveiled a new programme dubbed “Food Rescue” that aims to cut down on food waste by allowing local customers to purchase recently cancelled orders at a reduced price. Customers, eateries, and delivery partners are all anticipated to gain from this innovation.
Despite Zomato’s no-refund policy, CEO Deepinder Goyal stated that more than 400,000 purchases are cancelled every month. Order cancellation results in a significant quantity of food waste, hence Zomato discourages it. Goyal said on social networking site X (previously Twitter) that despite strict restrictions and a no-refund cancellation policy, over 4 lakh perfectly good orders are cancelled on Zomato by customers for a variety of reasons.
CEO Emphasised on Reducing Food Wastage
Finding a solution to save the food from going to waste is the first priority for the restaurant sector as well as for customers. Goyal added.
Food Rescue is a new feature that the brand is launching today! Goyal explained that cancelled purchases will now appear for local clients, who can purchase them at an unbeatable price in their original, untouched packaging and have them delivered in a matter of minutes.
How the New Feature Works?
Customers who live within three kilometres of the delivery partner holding the order can see cancelled orders on the app thanks to the “Food Rescue” feature. To preserve quality, this option will only be available for a brief period of time. To maintain freshness, some products—such as shakes, ice cream, and other foods that are sensitive to temperature—are not included in this section. Furthermore, non-vegetarian items will not be displayed to vegetarian patrons.
Customers that live close to the initial order will not be able to buy it in the interim. Both the restaurant partner and the original customer will get a share of the new customer’s payment if it was made online. With the exception of required government taxes, Zomato will not keep any of the earnings.
How Will it Benefit the Restaurants and Delivery Partners?
If the order is successfully claimed, restaurant partners will get paid for the original order plus a percentage of the new customer’s purchase. Using their partner app and dashboard, partners can simply choose not to take part in the Food Rescue service. Delivery partners will receive payment for the full trip, which includes both the initial pickup and the last delivery to the new client.
Zomato’s most recent shareholder letter claims that during the previous quarter, the platform had an average of 498,000 active delivery partners each month. Zomato has been aggressively introducing a number of new features lately. These include a feature that was introduced in June that shows the total number of orders users have placed on the app, as well as “Brand Packs,” which provide extra savings on meals from restaurants that customers usually purchase from.
This article has been contributed by Komal Rukhana, Founder, Mint and Milk.
In today’s competitive landscape, startups need effective Public Relations (PR) strategies to establish their brand, connect with their target audience, and gain media attention. Crafting a winning PR strategy is essential for building credibility and driving growth. This guide outlines key components for a successful PR strategy tailored for startups.
1. Understand Your Brand and Message
Before launching any PR efforts, it’s crucial to have a clear understanding of your brand identity. Define your mission, vision, and values. What sets you apart from competitors? What story do you want to tell? A compelling brand narrative forms the backbone of your PR strategy.
Key Steps:
– Understand the company’s standing in the market, analyse their competitors and observe the trends of their target audience
– Sell a story, not the product/ service. With the world being so competitive, to keep your niche engaged, you need to create a strong story that resonates with you and is authentic to your values
– Don’t divulge and try to do everything all at once just to get temporary traction. It’s a fast paced world and we understand a brand’s requirement to consistently stand out, but PR takes time. You build a brand with consistency. And often in trying to maximise reach, brands divulge from their objective and core goal.
2. Develop a PR Plan
A structured PR plan provides a roadmap for your efforts. Outline your goals, target audience, key messages, tactics, and metrics for measuring success.
Components of a PR Plan:
– Highlight your core messaging and short term objective. This helps in measuring outcome at the end of every campaign
– Ensure all your strategies – PR/ media, influencers, collaborations, events, all align with the objective
– Fuel your creativity – if you don’t think out of the box and take risks, your strategy might fall flat
– Measure KPIs along the way so plans can be altered, don’t wait for the campaign the conclude before identifying achievements
3. Craft Engaging Press Releases
Press releases are a fundamental tool in PR. They should communicate newsworthy information in a clear and engaging manner.
Writing Tips:
– Craft a compelling personalised headline that grabs attention, along with a succinct subheadline.
– Pitch your angle in a crisp, convincing way. Personalise the pitch to the media outlets and journalists. The same story will be relevant to different publications in different ways, tap into that. Provide context, background information, and quotes from key stakeholders. Include data and statistics to support your claims.
– Conclude with a call to action that invites the journalist to feature the brand or have an interaction with its founders.
4. Leverage Social Media
Social media platforms are powerful tools for amplifying your PR efforts. Use them to engage with your audience, share updates, and interact with the media.
Best Practices:
– Maintain a cohesive brand voice and aesthetic across all platforms.
– Respond to comments, share user-generated content, and participate in relevant conversations to make your authenticity stand out.
– Talk to your audiences, genuinely listen to what they have to say, accept their feedback and work on it.
– Mix up your content every now and then with images, videos, infographics, and live updates to keep your audience engaged.
Media relationships are crucial for securing coverage. Personalize your outreach to build rapport with journalists and bloggers.
Strategies:
– Start by following journalists on social media and engaging with their content. Share their articles and comment on their posts to get noticed.
– Tailor your pitches based on the journalist’s interests. Understand their beat and style of writing, instead of blindly pitching all stories to all journalists. Highlight why your story is relevant to their specific audience.
– Keep the messaging short and start a dialogue with the journalist to understand what kind of a story angle they would be more keen on. You can accordingly tweak your pitch.
– Offer expert insights or quotes that journalists can use in their stories, even if it doesn’t directly involve your startup.
6. Utilize Influencer Marketing
Influencer marketing can significantly boost your PR efforts. Partnering with influencers who align with your brand can enhance credibility and reach.
Steps to Collaborate:
– Research influencers in your niche who have a genuine following and engagement. Understand the influencer’s audience, deep dive into their profile and conversations they have with their followers and it is equally essential to work with influencers who are passionate about your brand and their story
– Reach out to them with personalized messages explaining why a partnership would be mutually beneficial.
– Define what you hope to achieve through the collaboration (e.g., product reviews, social media posts).
7. Monitor and Measure Success
Tracking the success of your PR efforts is vital for continuous improvement. Utilize analytics tools to measure media coverage, social media engagement, and website traffic.
Metrics to Track:
– Media Coverage: Assess the number of articles written about your startup and their reach.
– Social Media Engagement: Monitor likes, shares, comments, and follower growth.
– Website Traffic: Use tools like Google Analytics to track referral traffic from PR campaigns.
While the above metrics are prominent to assess progress, it is of utmost importance to keep in mind the following points as well:
– Consistently speak to your client, understand what worked and what didn’t because PR and brand building is a long term process and does not have a direct measurable metric.
– Try permutations and combinations, do not stick to one formula that worked in the past.
– Analyse industry trends to diversify reach.
8. Adapt and Evolve
The PR landscape is ever-changing, especially for startups. Be prepared to adapt your strategy based on feedback and results.
Continuous Improvement:
– Regularly seek feedback from your team and audience to refine your approach.
– Keep an eye on industry trends and competitor strategies to remain relevant.
At M&M, we have come up with a concept called “Best Practices” to make the best possible use of the feedback received from the client and the audience across all our projects. The idea is to summarize the strategies implemented and the response received from the client and the audience for the whole team. This helps us stay on top of the expectations and deliver better services.
Wrapping Up
A winning PR strategy for startups is about telling your story, building relationships, and continuously adapting to the evolving landscape. By understanding your brand, crafting engaging content, leveraging social media, and measuring your success, you can create a powerful PR presence that drives growth and visibility. Start small, stay consistent, and watch your startup’s reputation flourish in the marketplace.
Creating a strong brand is more than just having a catchy logo or an eye-popping color scheme. As a freelancer, your brand is your identity. It tells potential clients who you are and what they can expect from working with you. But here’s the thing: for your brand to be memorable and trustworthy, it needs to be consistent.
Keeping your design elements uniform across all platforms shows professionalism and builds trust with your audience. Clients should recognize your style, whether it’s on your website, social media, or through email.
This article will show you how design consistency is crucial for creating a cohesive freelance brand and how you can make it happen without overwhelming yourself. Read on for the details!
Leverage a Mockup Generator
One way to streamline the design process is to use a mockup tool generator. These tools will help keep your brand’s visual elements consistent and high-quality.
You can create realistic previews of your work, including business cards, website layouts, or social media posts. This lets you see how your color palette, logo, and typography will look in real-world applications before going live.
For freelancers, mockup tools are especially helpful when presenting to clients. They show clients exactly how a project will appear, adding a polished touch that sets you apart.
Additionally, these tools can help you maintain brand consistency across different platforms and materials. Viewing your mockup design in various formats allows you to adjust and ensure a cohesive look. This strengthens your brand image and makes it easier for clients to recognize your work.
Define Your Brand Identity
Defining your identity is crucial before jumping into the design process. It shows who you are, what you do, and what makes your services stand out.
When defining your brand identity, it’s key to know your target audience and how you want them to see you. Think about your core values, mission, and the tone you want to present.
For instance, a freelance graphic designer specializing in minimalist design should reflect simplicity and creativity. On the other hand, if you are a freelance writer focusing on technical content, your brand should communicate reliability, accuracy, and professionalism.
A clear brand identity will guide your design choices. It ensures that everything remains consistent and aligned with your overall message.
Choose a Consistent Color Palette
Color plays a vital role in branding. It evokes emotions and makes your brand stand out. When choosing a color palette, opt for one that matches your brand identity and appeals to your target audience. Make sure it includes a primary color, secondary colors, and a few accent colors.
Use these colors consistently across all platforms to strengthen your visual identity. For example, you can opt for blues and grays if you want a calm and trustworthy look. On the other hand, if you want a more energetic and creative feel, use bright colors like orange or yellow.
Once you pick your color palette, apply it consistently. Use it on your website, social media platforms, marketing materials, and email signature. This will help create a cohesive brand identity that people can identify
Pick the Right Fonts
Typography is another critical element of brand identity. Your fonts should match your brand’s tone and be easy to read. For a professional and clean look, use classic serif or sans-serif fonts. You can also consider script or decorative fonts for a playful and creative feel, but ensure they remain readable.
It’s best to pick two to three fonts that complement each other. This allows you to create a clear structure for your content. You can use one font as your main font for headers and logos, another for subheadings, and a third for body text.
This hierarchy in typography will help maintain consistency across your brand. It also makes your design look structured and polished, which helps your brand stand out.
Create a Memorable Logo
A logo is often the first visual element clients see when they connect with your brand. It should be simple, memorable, and reflect your services and style.
To achieve this, consider your chosen color palette and typography. This ensures your logo fits seamlessly with the rest of your branding elements.
Complex brand logos aren’t necessary to make an impact. In fact, simple logos often work better because they’re easier to remember and recognize. This simplicity helps build stronger brand recall and makes your brand more identifiable.
Whether you design it yourself or work with a professional, ensure your logo is versatile. It should adapt well to different platforms. Why? Maintaining quality across all formats will provide a consistent and polished brand presence.
Design a Professional Website
Your website is your digital storefront, so it should represent your brand cohesively. To achieve this, use your color palette, fonts, and logo consistently throughout your site. This will create a unified look that strengthens your brand’s visual identity.
Ensure the layout is simple, user-friendly, and visually appealing. A clean web design will align with your brand identity and make it easier for visitors to navigate your site. This will help potential clients find what they need quickly and leave a positive impression.
In addition, include sections such as your portfolio, services, client testimonials, and contact information. Make sure each page follows a consistent design theme. This consistency shows that you pay attention to detail and uphold high professional standards.
Conclusion
Building a cohesive freelance brand through consistent design is essential for standing out and leaving a lasting impression. Each element, from your color palette and fonts to your logo and website, plays a crucial role in creating a unified brand identity.
Remember, your brand identity will evolve as your freelance business grows, but the principles of consistency remain the same. Start with the fundamentals and build from there. The time and effort you invest in maintaining a consistent design will pay off in stronger client relationships and increased trust in your services.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
From being the Femina Power Brand 2021 to CNBC’s Most Trusted Brands 2021, RENÉE is ruling the cosmetics industry like never before!
Founded by Ashutosh Valani, Priyank Shah and Aashka Goradia Goble, RENÉE is an Indian makeup & cosmetic company that is creating a range of cruelty-free and vegan products. Since its inception, RENÉE has witnessed nearly 30x growth in revenue and is sitting on a target of 100CR GMV in the coming years.
StartupTalky interviewed Aashka Goradia Goble (Founder & Director, RENÉE Cosmetics)to learn about the Startup Journey and Story of RENÉE. Also get a glance at its business model, net worth, how it started, growth, founders & more.
RENÉE is an Indian makeup & cosmetic company creating a range of cruelty-free, vegan products that celebrate the spirit of the modern woman of today. It aims to create not just a brand, but a belief to liberate women with class, color and quality that’s been never-seen-before.
RENÉE – Market/Industry Details
The Indian cosmetics industry is one of the most prosperous industries in India and will continue to grow in the upcoming years.
Online sales are at an all-time high with increased internet penetration, also expanding the market size. People living in remote areas now have access to a range of beauty products without the need for a physical store, leading to a hike in both, demand and supply. RENÉE has ensured a strong digital presence across mediums to penetrate into the minds of this growing market.
Estimations suggest that the Indian Beauty Industry is expected to register an annual growth of 25%, and is estimated to be worth USD 20 billion by 2025.
“I’m excited to see the emergence of cruelty-free and vegan cosmetic products & will expect them to take the driver’s seat in the coming five years. While the color cosmetics will continue to have a great appeal, there is an increased focused on skincare which will boost the industry in the near future” says Aashka Goradia Goble(Founder & Director, RENÉE Cosmetics)
“RENÉE was envisioned by me (Aashka) as early as 2018 but it was along with the support and experience of Priyank & Ashutosh that gave the brand the direction I wanted to take it to” Aashka Goradia Goble(Founder & Director, RENÉE Cosmetics) added.
Priyank and Ashutosh first captured the male grooming market with their earlier venture, Beardo. With RENÉE, they wanted to enter & experience a new category altogether and cater to the women of India, competing in a saturated market that was dying for innovation.
RENÉE currently has a team of 50 – 200 employees and several other partners who help the company across different processes – from manufacturing to marketing. “We have carefully chosen the people who work on the brand- not just based on skillset, but also based on shared ideologies,” says Aashka Goradia Goble (Founder & Director, RENÉE Cosmetics)
“As someone who loves playing & experimenting with different looks and makeup, owning a brand of my own was something I always thought of, but came around to creating only when my friends & family encouraged me” reminisces Aashka Goradia Goble (Founder & Director, RENÉE Cosmetics).
With RENÉE, the idea was to create a brand that’s not about selling products, but a belief. Aashka wanted to provide Indian women with a brand that celebrates their free spirit & beauty with products that offer colors, class and quality unparalleled. There wasn’t a eureka moment, but in fact a dream that was brewing since very long that finally took flight!
“A lot of research went into understanding the market and competitors, and creating a niche for ourselves which was focused on innovation. Till today, that is our greatest USP” says Aashka Goradia Goble(Founder & Director, RENÉE Cosmetics)
RENÉE – Products/Services offered
With RENÉE, it’s about bringing something new to an industry that’s flooded with options but lacking innovation. The cosmetic industry is growing exponentially and if there is a time to use it and create never-seen-before products to reach the right audience, it is now!
RENÉE has products that are easy-to-use, unique and specifically created keeping in mind its target group: whether it’s the Fab 5 Lipstick, Natural 3D Eyelashes, or RENÉE’s latest offering the Dual-Chamber Day & Night Serum.
Flagship Store
Renée Cosmetics has opened its first flagship location in Lucknow on February 9, 2023. The company stated in a LinkedIn post. The company stated in the LinkedIn post “This new store aligns with our expansion plans of strengthening our retail footprint in India and across the world.”
Princess
‘Princess by RENEE’ was launched on September 8, 2022, developing a line of exclusively for pre-teens items that have undergone dermatological testing, are chemically free, cruelty-free, and vegan.
RENÉE Products
Meaning of RENÉE and Logo
RENÉE means reborn or rebirth. RENÉE is also the name of Aashka’s mother-in-law, who has been an unhindered support in the dream, actualization & journey of the brand and I could not be more thankful for her support.
“It has been a new beginning in multiple ways: for me, to make the transition from being an actor to an entrepreneur, and for the industry to welcome a new brand in the market, that is ready to take the industry by storm” says Aashka Goradia Goble (Founder & Director, RENÉE Cosmetics).
RENÉE logo
RENÉE – Business Model and Revenue Model
RENÉE is currently a digital-only brand, selling on its owned channels along with online marketplaces such as Amazon, Flipkart & more. It is already in the process of looking at expansion into offline stores and aims to create an offline presence across all 4 zones by the end of the year.
RENÉE – Funding
RENÉE has raised total of $8.2 million in 3 funding rounds.
Below is the funding details:
Date
Stage
Amount
Investors
Jan 13, 2022
Seed Round
$4.4M
Quiet Capital
Dec 17, 2021
Non Equity Assistance
–
MassChallenge
Aug 5, 2021
Seed Round
$3.8M
Quiet Capital
RENÉE – Shareholding
RENÉE Shareholding
In RENÉE, the founder holds 54.6% of the shares, with 30% from funding, 11.5% through enterprise ownership, 3.2% for ESOPs, and 0.7% from angel investors.
RENÉE – Startup Launch and Marketing Strategies
Online channels only: Performance marketing was a key in making the brand reach the audience. This was coupled with activating celebrity faces of the industry to highlight the brand’s products. The team at RENÉE harped the most on the innovative products, such as the Fab 5 Lipstick, because that was something they knew that the community would be excited about.
The advantage of knowing the company’s audience in and out is RENÉE’s major USP: Whether it comes to creating the products or marketing them. RENEE has always been a digital-first strategist,so the team has found a sweet spot for the brand in the midst of the right amount of performance marketing & content creation. Every content piece RENÉE creates is thought through and eye-catching… more than anything, it’s original! Along with that, the team at RENÉE are always listening to marketplaces, reading digital trends and planning strategies accordingly.
“The part that sets our strategy apart from the rest is our constant focus on innovation. We wanted to break the trend of copying & repeating, and rather build some products that we knew would set us apart from the rest. Keeping in mind our women on-the-go, we have now created products that are easy-to-use, on-the-go and of the highest quality” says Aashka Goradia Goble (Founder & Director, RENÉE Cosmetics)
“A big learning from 2020 was the dependency on trade windows, where the procurement is dependent on international vendors” added Aashka Goradia Goble(Founder & Director, RENÉE Cosmetics)
RENÉE team realized that their customer needs were changing so fast that it was important to Make in India, for India. And this is what RENÉE will continue to do – the team is strategizing to become more & more self-reliant by the day so as to provide its community a better & faster delivery time.
RENÉE – Growth and Revenue
Since its inception, RENÉE has witnessed nearly 30x growth in revenue and it is sitting on a target of Rs 100 crore as of 2022. Its biggest aim is to provide users a premium experience at every touch point, from purchase to promotion, while keeping innovation at the center of it all.
“From where we are, it is a rollercoaster that only goes up! Innovation will always lie at the core of everything we do and you can very well expect lots more coming to the market” says Aashka Goradia Goble(Founder & Director, RENÉE Cosmetics)
RENÉE is looking to expand offline this year (2021) across key premium stores. It is slowly but steadily becoming more and more self-reliant by the day and targeting a 100cr GMV in the coming years.
Financials
RENÉE Financials
2023
2024
Operating Revenue
INR 97.15 crore
INR 191.65 crore
Total Expenses
INR 145.38 crore
INR 264 crore
Profit/Loss
INR -32.66 crore
INR -61.45 crore
RENÉE – Financials FY24
RENÉE’s revenue nearly doubled, increasing by 97% from INR 97.15 crore in 2023 to INR 191.65 crore in 2024. However, expenses also rose by 82%, from INR 145.38 crore to INR 264 crore. Despite the revenue growth, losses increased by 88%, from INR 32.66 crore in 2023 to INR 61.45 crore in 2024.
Whereas, RENÉE operating revenue had increased to INR 100.4 crore in FY23 from INR 32.40 crore in FY22. The profit or loss of the company is INR 32.6 crore in FY23 and INR 7.26 crore in FY22.
Expenses Breakdown
The total expenses of the company increased from Rs 145.38 crore in FY23 to INR 254 crore in FY24.
EBITDA
The company’s cash outflows rose by 17.2% to reach Rs 75 crore. Its EBITDA margin was -28.22%, and its Return on Capital Employed (ROCE) was -42.38% during the period. For every rupee RENÉE Cosmetics earned in revenue, it spent Rs 1.38.
Expand offline this year (2021) across key premium stores.
Targeting a 100cr GMV in the coming years.
RENÉE – FAQs
What is RENÉE Cosmetics?
RENÉE is an Indian makeup & cosmetic company that is creating a range of cruelty-free, vegan products and celebrating the spirit of today’s modern woman.
Who is RENÉE Cosmetics owner?
Ashutosh Valani, Priyank Shah, and Aashka Goradia Goble are the founders and owners of RENÉE.
What does RENÉE mean?
To the founder, Aashka Goradia, RENÉE means reborn or rebirth. RENÉE is also the name of her mother-in-law, who has been an unhindered support in the dream, actualization & journey of the brand.
What is RENÉE Cosmetics net worth?
As of 2024, the net worth of RENÉE Cosmetics is around $155 million (₹1300 crore).
Who are the top competitors of RENÉE?
Sugar Cosmetics, Lakme, and Maybelline are the competitors of RENÉE Cosmetics
There are many criteria for choosing the popup solution for your website, and you need to choose carefully because it is integral to your online marketing. Pop-up software is an effective tool for lead generation, sales, email submission, user feedback collection, and product engagement.
However, most app stores are overloaded with popup software apps and there is no easiness in their choosing. So here we are with the best website pop-up software guide that can be used to improve your conversion and bounce rate.
How to Select the Right Popup Software?
To surf for the right pop-up software, secure the design templates for different conversion goals e.g. (welcome pop-up, discount pop-up, etc). Campaign analytics to measure the campaigns in terms of how many views and emails you get.
Targeting the audience on the way to displaying a popup for the right visitor at the right time. A/B testing is possible variations of popups in original designs, texts, discount levels or whatever. Integration with other apps to send data (e.g., emails) automatically to your email app or CRM.
10 Leading Popup Software to Increase Conversion Rate
Hellobar
Website
www.hellobar.com
Free Trial
Yes
Rating
4.3
Platforms Supported
Web
Hellobar – Leading Popup Software to Increase Conversion Rate
With hundreds of well-made themes that are ready to be used already, you will find one that suits your brand style. Besides, you are completely in control of customizing i.e. appearance, text, font, coloring, and any feature that you want by using the visual editor.
The thing that sets Hellobar apart from other pop-up-makers is that the popup comes with “a design assistant” internally, which learns and matches your web design styles, colours, and typography automatically and saves your time for the task.
It offers you a free trial of 14 days and three pricing plans. Also, for enterprises and agencies, there is a custom pricing option as well. You can call up for a better response.
Pros
You can choose among the pop-up types that are well-designed modals, page-takeovers, sliders, bars, and alerts which can be used for various campaigns and goals.
The integrations that come as “out-of-the-box” with most of your preferred tools, such as Wix, Shopify, MailChimp, Squarespace, Blogger, and WordPress, make the whole process much easier for you.
Justuno – Leading Popup Software to Increase Conversion Rate
There is almost every professionally designed template available with Justuno that you can choose according to the type of your campaign.
The design canvas, animation and effects, and also the custom code available in the tool, make it very convenient for you to edit and customize your pop-ups in line with your business requirements.
The tool even saves you from complying with stringent data privacy laws such as GDPR because it allows you to raise consent banners for cookies and screen your data collection process for compliance.
Pros
The A/B testing campaign development allows you to develop the most successful marketing campaign for your brand by comparing the placements, traits, rule sets, and offers of all your onsite campaigns.
You can grow your SMS list within 2 taps – that’s easy for mobile marketing. Converted into words, this means the only way your customers have is to click on the CTA and send the message.
This draw agent allows you to get subscribers to the push notifications on their desktops when they are not on your website and this way keeps them engaged
Plan
Pricing
Free
$0/Month
Lite
$39/Month
Flex
$99/Month
Enterprise
Custom
Poptin
Website
www.poptin.com
Free Trial
Yes
Rating
4.6
Platforms Supported
Web, iOS/Android
Poptin – Leading Popup Software to Increase Conversion Rate
With Poptin, you can work from a template that you already have or you can simply drag and drop the content of your form. You can easily change the background, text, buttons, fields, and so on.
This tool is the best because you can call up as many types of pop-ups as you want, such as lightbox, floating bar, full screen, social widgets, and sidebar.
Additionally, you can add shopping cart and booking forms on your websites such as email forms, contact forms, advanced forms, and CTAs, and draw in more high-level leads.
Pros
The auto responder establishes a solid customer-business relationship by utilising features such as pre-designed and customizable welcome, thank you, coupon, and e-mail.
The Poptin tool allows you to determine the location, source of traffic, and history of interactions of the visitors to present them with the most relevant pop-ups. As well, it won’t annoy a repeat client by displaying the same pop-ups.
Plan
Pricing
Free
$0/Month
Basic
$20/Month
Pro
$47/Month
Agency
$95/Month
ConvertFlow
Website
www.convertflow.com
Free Trial
Yes
Rating
4.4
Platforms Supported
Web
ConvertFlow – Leading Popup Software to Increase Conversion Rate
Since ConvertFlow analyzed over 100K campaigns carried out on more than 20K websites opting for its pop-up maker, you are sure to derive concrete results through over 100 ready-to-use templates.
There are a lot of possibilities to suit your needs. For example, you can promote the most helpful products to your visitors using a quiz survey. This will increase your revenue.
Pros
The A/B testing tool embedded in this phone-up application will help you evaluate which designs, language, and incentives increase conversion rates and draw in more email subscribers.
Take advantage of the numerous pop-up triggers which include but are not limited to referral source, product interest, location, shopping cart, and many others, and convert your visitors into loyal subscribers.
Popupsmart – Leading Popup Software to Increase Conversion Rate
Popupsmart has a feature called smart mode which uses machine learning to learn the audience behavior and track for 1 month before automatically start displaying popups to appropriate users at the right time.
Through already existing modern pop-ups that can be added to your existing websites in just minutes. You can even personalize these emails by using fonts, colors, layouts, images, videos, radio buttons, and more to design your campaign in a way that works for your brand.
Pros
The support team is made of problem-solvers who are online 24/7 via live chat and can help you with your issues or any question that you may have in only a few minutes.
It resides on the Amazon Web Service powered by 97kb code so that your website loads fast enough (within approximately 124 milliseconds) without pushing away your visitors.
Plan
Pricing
Free
$0/Month
Basic
$23.33/Month
Advanced
$41.33/Month
Pro
$59/Month
Expert
$95.33/Month
Optinmonster
Website
www.optinmonster.com
Free Trial
Yes
Rating
4.4
Platforms Supported
Web
OptinMonster – Leading Popup Software to Increase Conversion Rate
The drag-and-drop builder that OptinMonster provides is really powerful, allowing you to create an opt-in pop-up that naturally and easily blends in with your website theme.
An incredible statistic is that you can even personalize from over 26 attention-holding animations and sound effects for the call-to-action that you need.
Pros
The enhanced option of traffic redirecting can help you to push the traffic from the necessary pages of your website to make you achieve the actual results.
This popup creator is perfectly positioned to connect to several websites and e-commerce platforms, as well as with email marketing services, to save your precious time and money.
Plan
Pricing
Basic
$7/Month
Plus
$19/Month
Pro
$29/Month
Growth
$49/Month
Privy
Website
www.privy.com
Free Trial
Yes
Rating
4.1
Platforms Supported
Web, iOS/Android
Privy – Leading Popup Software to Increase Conversion Rate
Privy is a leading marketing platform to integrate email and SMS marketing and pop-up builders that are also easy to use. It can solve the problem for small e-commerce companies that have a modest list to nurture, and it can bring the opportunity to sell and upsell the goods or services to their customers/users.
Pros
Privy is designed differently than other tools that automatically prompt a client to take the cart recovery measures before they leave the site as gifts or discounts for win sales.
You can promptly send an email and an instant message to your potential customer if they abandon their cart which will help you avoid losing a sale.
Plan
Pricing
Starter
$30/Month
Growth
$45/Month
Wisepops
Website
www.wisepops.com
Free Trial
Yes
Rating
4.3
Platforms Supported
Web
Wisepops – Leading Popup Software to Increase Conversion Rate
With Wisepops you can design your pop-ups to your taste, from pre-designed templates which you can choose for different effects and colours, or fully customise popups on a canvas.
The powerful thing about this app is the fact that you can have control of the customisation with the CSS code itself and you can create pop-ups that are based on your brand look.
Social buttons, headlines, text, 2 CTAs, HTML, and other elements are all available for you to use and enable your business to meet all your specific objectives.
Pros
Wisepops lets you change your pop-up campaigns to suit mobile devices for a smoother user experience, and you can also pick from a wide selection of beautiful templates.
Some configurations will allow you to choose a page or pages on which the pop-ups will appear, and you have 6 triggers to choose from name; on-landing, on-exit, on-scroll, on-click, on-hover, on-custom event.
Plan
Pricing
Popups & Notifications
$149/Month
Wisepops One
$499/Month
Seizelead
Website
www.seizelead.com
Free Trial
Yes
Rating
4.0
Platforms Supported
Web
Seizelead – Leading Popup Software to Increase Conversion Rate
Seizelead is a cloud-based software with 100+ customizable widgets for you to launch in 3 min. It has countless features and a user-friendly interface with a drag-and-drop editor. You can create campaigns for specific formats and optimize them for your marketing strategy.
Pros
It’s easy to design campaigns with SeizeLead software, which features an easy-to-use drag-and-drop editor.
SeizeLead allows you to categorize and tag campaigns so that your dashboard remains tidy as multiple campaigns flood in organized view.
It provides metrics, such as the number of leads, conversions, views, and more. It’s your instant performance report.
Survicate – Leading Popup Software to Increase Conversion Rate
If you are looking for software to push all customer feedback in a single place for any purpose, Survicate is the ideal one! The system offers you one-click integration with major CRM, email marketing, etc. platforms like HubSpot, Klaviyo, Google Analytics, and to feed collective data.
Pros
You can pick up more than one hundred and twenty-five preformatted surveys to be cost and time-effective. Apart from these, there are 15 question types, including CES, NPS, CSAT, and others.
The exporting of data to Google Sheets, CSV, XLS, or CRM assists in speeding up the tracking and reporting of survey results. You can also make your mates free if you want them to help you with your decisions.
Plan
Pricing
Free
$0/Month
Good
$99/Month
Better
$149/Month
Best
$249/Month
Better Than The Rest
$299/Month
Conclusion
If you get pop-up campaigns and event-based, you can try pop-up ideas, such as full-screen pop-ups, floating banners, scroll triggers at a certain blog post, and time-based popups for those who stay on your website. So, it depends on what you’re looking for!
FAQ
What are the best popup softwares for increasing conversion rates?
Here are some of the best popup softwares for increasing conversion rates:
Hellobar
Justuno
Poptin
ConvertFlow
Popupsmart
Optinmonster
Privy
Wisepops
Seizelead
Survicate
What is the best delay for a popup?
A popup delay of 10 to 30 seconds works best, as it gives visitors time to engage with content without feeling interrupted.
What is the purpose of an exit-intent popup?
The purpose of an exit-intent popup is to retain visitors by offering a special incentive or message just as they’re about to leave a site, boosting conversions and reducing bounce rates.
Reaching the right target audience on social media is crucial for any business looking to grow and engage with potential customers. Social media platforms provide powerful tools for connecting with people interested in your brand or services. However, knowing the right strategies and avoiding common mistakes is essential to succeed.
That said, here’s a comprehensive guide on the dos and don’ts of reaching your social media audience:
The Dos
You need to be strategic about how you connect with your audience. Here are the dos of reaching your target audience on social media:
Work With the Right Professionals
Collaborating with the right professionals can elevate your social media strategy. The right consultants can help your marketing team reach your target audience with messages that get results. They deeply understand audience behavior, current trends, and proven techniques that make your content more effective.
These experts can analyze your existing approach and highlight areas for growth. Their expertise ensures your campaigns are optimized, and your messaging resonates, resulting in higher engagement and better outcomes.
Define Your Social Media Target Audience
Before creating social media accounts, you need to understand your target audience. Knowing their demographics, interests, and online behavior will help you tailor content to meet their needs. Identify details such as age, location, gender, and occupation. The more precise your understanding, the more effective your strategies will be.
The best part? You can use tools like audience insights on platforms like Facebook and Instagram. They can help you track engagement and learn what types of content resonate with your followers. This allows you to create targeted campaigns that drive more engagement and meaningful interactions.
Engage With Your Audience
Interaction is crucial for building solid relationships with your followers. Take time to reply to comments, answer questions, and engage in conversations. This will help build trust and loyalty, which are essential for lasting connections.
To encourage more interaction, ask questions in your posts or create polls. Responding to direct messages and acknowledging mentions or tags can make your presence more personal and approachable. When your audience feels connected, it can lead to higher customer retention and positive word-of-mouth.
Use High-Quality Visuals
Visuals are essential on social media. People are more likely to engage with content that’s eye-catching and well-made. So, use high-quality images, videos, and graphics to capture your audience’s attention. Ensure that these visuals align with your brand’s style and message for a cohesive look that strengthens your identity.
Custom graphics or videos can be especially effective in showcasing your products or services. If photography is part of your content, ensure it’s clear, well-lit, and relevant. Maintaining visual consistency strengthens your brand’s image and helps followers recognize your content instantly.
Optimize Content for Each Platform
Adapting your content for each platform is crucial to make the most of social media. Because not all content works equally well on every channel, understanding what suits each one is critical. For instance, Instagram thrives on visuals and short videos, while LinkedIn is ideal for professional and informative posts.
To optimize your content, adjust your tone, format, and length based on the platform. This ensures that your posts remain engaging. While maintaining consistency in brand message is crucial, customizing content for each channel will help maximize its reach and impact.
Collaborate With Influencers
One effective way to expand your reach is through influencer marketing. Partnering with influencers who align with your brand can introduce your business to a broader audience. Because influencers have built trust with their followers, their endorsements carry significant weight and can greatly impact your brand’s visibility.
To make these partnerships successful, choose influencers whose values match your brand and whose audience is similar to your target market. This will help ensure your collaboration feels authentic and connects well with followers. When done right, influencer partnerships can enhance your credibility and extend your social reach.
Implementing these strategies will strengthen your social media presence and help you build meaningful connections with your audience. With a thoughtful approach, your brand can achieve greater visibility and long-term success.
The Don’ts
Here are a few things you need to avoid when engaging with your audience on social media:
Don’t Post Without a Strategy
Avoid posting random content without a plan. Instead, ensure each post aligns with your social media strategy and supports your business goals. Posting inconsistently or sharing content that lacks value can confuse your audience and weaken your brand’s image.
To stay organized, use a content calendar to plan and schedule your posts. This will keep your messaging consistent and relevant. Think about what type of content resonates most with your audience and schedule them accordingly.
Don’t Ignore Social Media Analytics
Overlooking analytics means missing valuable insights into your performance. Reviewing analytics will help you see which posts work well and which don’t. You can then use this information to refine your strategy and improve future content. Most social media channels offer built-in analytics tools. These tools track metrics like engagement, reach, and follower growth. Use them to measure your progress and adjust your approach as needed. This way, you’ll stay on track and achieve better results.
Avoid Posting Without Checking Trends
Posting irrelevant or outdated content can make your brand seem out of touch. To stay relevant, keep up with current trends and conversations within your industry. This will help you create timely, engaging content that resonates with your audience.
Incorporating trending hashtags or joining viral challenges can be effective, but ensure they align with your brand. Otherwise, participating in trends just because that’s what your competitors are doing can feel forced and may fail to connect with your audience. So, make sure you stay relevant and thoughtful to make these trends work in your favor.
Don’t Spam Your Followers
Overloading your audience with frequent posts or constant promotions can become overwhelming. While regular posting keeps your voice active, finding the right balance is crucial. Posting too often or pushing sales-heavy content can lead to disengagement and cause followers to unfollow.
Instead, focus on quality over quantity. Share content that provides real value and resonates with your audience. To keep things fresh, mix promotional posts with educational, entertaining, or interactive content. This will keep your feed engaging and ensure it doesn’t feel repetitive.
Don’t Overuse Automation
Automation is helpful for scheduling posts and managing campaigns, but overusing it can make your interactions robotic. They can seem insincere and push followers away.
While marketing automation tools save time, balancing them with real engagement is essential. Regularly monitor your social media accounts and respond directly when needed. Genuine human interactions make your brand feel relatable and authentic, strengthening your connection with the audience.
Maintaining a thoughtful, balanced approach is essential for building trust and engagement with your audience. Avoid these common missteps to boost your social media presence and foster meaningful connections.
Conclusion
Reaching your target audience on social media involves knowing what strategies to implement and what pitfalls to avoid. With the above dos and don’ts, you can create content that resonates, engages, and fosters lasting relationships with your followers.
Remember that social media success doesn’t happen overnight. It requires consistent effort, regular monitoring, and a willingness to adapt your strategy based on performance data and audience feedback. So, implement these best practices gradually, measuring their impact and refining your approach as you learn what works best for your audience and brand.
Parth Jindal, the third-generation entrepreneur of the JSW Group, has strategically redefined the conglomerate’s future by diversifying its ventures and changing its brand perception. Jindal has led the group to grow from a business-to-business (B2B) focus to a consumer-facing (B2C) entity, leading key divisions such as JSW Cement, JSW Paints, and JSW Sports. Bold decisions and new strategies have characterized his journey to build strong brands from commodities and add new dimensions to the group’s identity.
Parth Jindal’s story is nothing short of inspiring, as he is a key player in changing the face of India’s JSW Group. Educated at prestigious institutions such as Brown University and Harvard Business School, Parth quickly demonstrated his potential by revamping underperforming units (JSW Cement), launching JSW Paints, and JSW Sports.
JSW’s business acumen and innovative strategies were led by Parth, who expanded the company’s reach beyond traditional steel and cement sectors to green energy, electric vehicles, and sports franchises. JSW is not just an industrial brand; it is also a name for sports and community impact, with his founding of Bengaluru Football Club and his co-ownership of Delhi Capitals.
Jindal’s foray into sports was also groundbreaking in his attempt to brand JSW. Jindal has given JSW a unique sports-oriented identity by founding the Sports Excellence Programme, launching the Bengaluru Football Club, and investing in teams across cricket, kabaddi, and football leagues. His vision includes IPOs for JSW Paints and JSW Sports, which indicates his aspiration to make JSW a multi-sector powerhouse.
In this StartupTalky story, we will discuss Parth Jindal’s early life, education, career milestones, personal life, notable investments, and awards he has received for his contributions. This story takes you through the challenges and achievements of Parth Jindal’s visionary path and the legacy he continues to create in JSW Group and beyond.
Parth Jindal: Biography
Name
Parth Jindal
Born
May 19, 1990
Nationality
Indian
Education
BA in Economics and Political Science Masters in Business Administration
Alma Mater
Cathedral and John Connon School from Mumbai Sevenoaks School in England Brown University, United States Harvard Business School, Massachusetts
Parth Jindal was born on May 19, 1990, into the renowned Jindal family, which is known for their significant influence on Indian business dynasties, known for their ventures in steel, cement, and infrastructure.
Parth was raised alongside his siblings in Mumbai and is the youngest of three children of Sajjan Jindal and Sangita Jindal. His childhood was shaped by values and culture, which were passed on by his parents with a strong emphasis on discipline, family togetherness, and an active lifestyle.
Parth Jindal: Education and Career
After attending Cathedral and John Connon School in Mumbai, he went on to study at the prestigious Sevenoaks School in England, followed by a BA in economics and political science from Brown University in 2012. The same year, Parth joined the JSW Group, eager to gain hands-on experience, first as an economic analyst. He then completed a six-month placement at JFE Steel in Japan to increase his knowledge of the steel industry. He also spent a brief time working at Falcon Edge Capital, a hedge fund in New York City, where he gained a sophisticated understanding of international finance.
Parth has been a transformative force at JSW. He was instrumental in reviving underperforming units like JSW Cement and JSW Steel USA early on, showing his strategic thinking and innovation acumen. He became a leader when he led the development of a 2.3 million-ton auto-grade steel plant in Vijaynagar, Bellary, which became the first of its kind in India to produce high-quality auto steel. In 2014, Parth further sharpened his business acumen with an MBA at Harvard University, which equipped him with the necessary tools to tackle even bigger projects back home.
On his return, Parth took on multiple roles in the JSW Group. He was managing director of JSW Cement in June 2014 and successfully positioned the brand as a leading player in a competitive market. Beyond traditional industries, his vision extends to JSW Sports, which manages and sponsors teams in major sports leagues like the Indian Super League’s Bengaluru FC, the IPL’s Delhi Capitals, and the Pro Kabaddi League’s Haryana Steelers. In 2018, he launched the Inspire Institute of Sport, a 42-acre facility that aimed to create world-class Indian athletes.
Parth Jindal, the co-owner of Delhi Capitals and the leader of JSW Group, balances a fulfilling personal and professional life. He currently resides in Mumbai with his family, which includes his wife, Anushree Jasani. Parth Jindal and Anushree Jasani were a couple for 7 years before they got engaged in the year 2015, and they tied the knot in a grand Viennese celebration in 2016. The wedding of the leader of the JSW group Parth Jindal and his wife Anushree Jasani was a lavish three-day event that was held at historical venues like the Hofburg Palace and Belvedere Gardens.
Together, Parth Jindal and Anushree Jasani are parents to a daughter named Ayana, who was born in the year 2019.
Parth Jindal: JSW Group
Parth Jindal, the head of JSW Group, is a major player in India’s industrial landscape and divides his operations across fields such as steel, energy, infrastructure, and cement. Currently led by Parth under his father’s vision, JSW has become a name to reckon with only for its innovative approaches towards manufacturing and sustainability. JSW Steel has amassed a reputation as being one of India’s top steel manufacturers, famous for its commitment to high quality and environmentally friendly steel production methods.
Parth Jindal has brought the energy of youth to the company and has been preaching digital transformation and sustainability. JSW Group has also expanded its focus on green energy and is now moving towards producing carbon-neutral steel under his leadership, which is a first in the sector. Notably, Parth has also made investments in renewable energy sources as a part of his forward-thinking strategy aimed at reducing the environmental impact.
Some significant milestones for JSW were becoming one of India’s top steel producers and impressive cement and infrastructure growth, especially through JSW Cement and JSW Infrastructure. However, JSW has done well beyond its industrial successes, with the JSW Sports division owning stakes in franchises like the Delhi Capitals IPL cricket team and Bengaluru FC in the Indian Super League. This diverse portfolio demonstrates the company’s dedication to not only industrial excellence but also social impact and community engagement, as envisioned by Parth Jindal for a multi-dimensional business approach.
A prominent business leader, Parth Jindal, who heads JSW Sports and the Inspire Institute of Sport (IIS), has recently expanded his portfolio by participating in a new funding round in PadelPark India. The investment is in line with Jindal’s commitment to supporting emerging sports in India and PadelPark India as the first mover in the ecosystem for Padel, a rapidly growing racquet sport with some elements of tennis and squash.
JSW Sports and IIS have already made a great contribution to India’s athletic landscape through Jindal’s involvement, creating talent across sports and providing world-class training facilities. Recently, he has ventured into the niche sports space by investing in PadelPark India and is of the opinion that niche sports should be equally promoted and accorded the same recognition, infrastructure, and professional support as mainstream sports.
Jindal’s larger ambition of increasing sports participation in the country fits well with PadelPark India’s mission of popularising Padel in the country. This funding will help PadelPark to further strengthen its infrastructure, increase its network of courts, and offer further competitive opportunities to athletes across India. With this investment, Parth Jindal not only fuels a promising new sport but also helps build the broader sports culture in India and aids in fitness and participation at all levels.
Parth Jindal: Controversies
Parth Jindal, co-owner of Delhi Capitals (DC), came under fire on social media after a bizarre incident during an IPL 2024 match between DC and Rajasthan Royals (RR). Sanju Samson, who was captaining RR, was dismissed during the game after a contentious catch. Samson was frustrated by the third umpire’s taking nearly three minutes to review the decision, and the atmosphere was tense.
Jindal’s animated gestures and some who said it was a send-off for Samson were widely criticized on social media, with many fans and commentators calling out his behavior as unsportsmanlike.
Parth Jindal: Awards and Recognition
Parth Jindal has been awarded with the following awards:
GQ’s 50 Most Influential Indians in 2018
Jashn E Youngistan 2018
2019 Economic Times Awards 40 Under Forty
2019 Rashtriya Khel Protsahan Puruskar
FAQs
Who is Parth Jindal?
Parth Jindal born on May 19, 1990, is the son of Sajjan Jindal and MD of JSW Cement & CEO of Bengaluru FC.
Who is the owner of JSW?
Sajjan Jindal is the owner of the JSW group.
Who is Parth Jindal wife?
Anushree Jasani is the wife of Parth Jindal.
What is Parth Jindal education?
Parth Jindal completed his MBA at Harvard Business School in 2016 and earned a Bachelor’s degree in Economics and Political Science from Brown University in 2012.
Wealthzi, a wealth platform run by Lime Internet Private Limited, has been acquired by wealth tech platform Nivesh. This is a significant step for the business in achieving its objective of becoming a 360 degree platform that handles all of its clients’ investment and insurance-related demands.
Anurag Garg and Sridhar Srinivasan created Nivesh in 2016, which uses AI-driven technologies and support to improve client results. It has 60,000 customers in 6,000 Indian cities and is supported by LetsVenture, IAN Fund, and prominent figures in the sector like Rahul Gupta, Dipak Gupta, and Basab Pradhan.
What is Wealthzi?
In 2020, Pradeep Pillai, a seasoned wealth management expert who has worked with companies like Reliance Wealth, Karvy Private Wealth, Ameriprise, and Deutsche Bank, and PV Sahad, the former founder of VCCircle, created Wealthzi. The Wealthzi team has managed substantial assets for family offices, UHNIs, and HNIs for more than 20 years.
Mutual funds, PMS, AIF, bonds, and other assets totalling more than INR 500 crore are currently under its management. In order to expand its operations and offer advisory services, it just received an RIA license from SEBI. The team will be able to use the Nivesh technology’s platform to improve user experience and expand its business thanks to the integration. Additionally, the purchase will allow the two companies to gain from product, research, and operational synergies. In the next three years, the combined company’s assets are expected to exceed INR 10,000 crore, with an AUM of INR 2,500 crore.
Benefits of This Acquisition
Speaking about the advantages of this transaction, PV Sahad stated that the Wealthzi team is thrilled to work with Nivesh, a leader in B2B2C financial offerings. By combining Nivesh’s distribution network with Wealthzi’s direct-to-consumer wealth service, a strong financial partnership will be formed to serve India’s rapidly expanding investor base.
Speaking about the purchase, Nivesh founder and CEO Anurag Garg stated that the company is extremely pleased to have acquired Wealthzi, which would allow it to broaden its product line and target the Affluent and HNI categories, which present enormous opportunities for wealth management. The company anticipates growing quickly and becoming a major force in the sector.
As the growth of stock markets and wealth creation creates new prospects for wealthtech businesses, this acquisition coincides with increased investment in India’s wealth management industry.
Citing statistics from the market intelligence platform Tracxn, a prominent media outlet reported on August 19 that during the last two years, investors have invested over $228 million in Indian wealthtech businesses. Consolidation is also occurring in the industry, as seen by an increase in mergers and acquisitions (M&A).
Nitin Konde
