New Delhi [India], September 23: A new player has entered the world of aviation and yacht management with the official launch of Sandhill Chariot, a cutting-edge Indo-Malay startup headquartered in Kuala Lumpur, Malaysia. The company aims to bridge the gap between Southeast Asian and Indian markets by offering premium services in both the aviation and maritime sectors.
Sandhill Chariot’s core mission is to offer high-quality, personalised aviation and yacht management services with a focus on creating seamless travel and leisure experiences. By blending Indian hospitality with Malaysian operational efficiency, the company seeks to provide an unmatched level of service that caters to high-end clients, corporate travellers, and luxury yacht owners.
We are incredibly excited to launch Sandhill Chariot as a symbol of collaboration between India and Malaysia, two nations rich in culture and innovation. Our goal is to offer world-class services that redefine standards in the aviation and yachting industries, said Vikram Jain.
Sandhill Chariot’s aviation services include comprehensive aircraft management, charter solutions, and consultation for clients looking to optimize their fleets or private aircraft. The company plans to cater to individuals, corporations, and charter companies, providing 24/7 support for smooth operations.
In the yachting space, Sandhill Chariot offers top-tier yacht management solutions, from maintenance to crew recruitment and itinerary planning. The company also specializes in assisting owners with compliance and international regulations, ensuring their vessels are always in top shape and ready to sail anywhere in the world.
Looking ahead, Sandhill Chariot is set to open a premium training center in 2025. This facility, which will be located in Malaysia, will focus on preparing professionals for careers in aviation, yachting and hospitality, offering world-class training in partnership with industry experts. “We believe in not just offering services but also in creating opportunities for the next generation of aviation and yacht management professionals, noted Uma Jain.
The company’s market positioning aims to capitalize on the growing demand for private and luxury travel in Southeast Asia and India. Sandhill Chariot’s location in Malaysia, coupled with its strong connections to India, positions it as a strategic gateway for clients from both regions looking for premium, tailored services in the aviation and maritime industries.
Sandhill Chariot is already making waves with its ambitious growth strategy. The company plans to expand its services by acquiring strategic partners and leveraging digital marketing tools to penetrate new markets. The startup’s unique combination of aviation and yacht management under one roof is designed to cater to a niche but fast-growing client base of high-net-worth individuals, corporations, and tourism businesses.
Analysts believe that Sandhill Chariot is well-positioned to disrupt the aviation and yachting industries in both India and Southeast Asia. With initial capital injections from both Indian and Malaysian investors, the company projects steady revenue growth over the next five years, with plans to expand its fleet of managed aircraft and yachts as demand increases.
Sandhill Chariot’s launch marks the beginning of a new chapter in Indo-Malay business relations, bringing innovation, luxury, and operational excellence to the aviation and maritime sectors. As the company continues to grow and evolve, it is set to play a key role in shaping the future of private aviation and luxury yacht management in the region.
Telangana has made significant progress in the direction of encouraging female entrepreneurs through the implementation of its MSME policy, which was recently unveiled. According to the most recent figures, the state has 58,644 women entrepreneurs who have registered their businesses on the Udyam portal of the Centre. In Telangana, which is home to more than 1.88 crore women, this essentially amounts to 3.1 women entrepreneurs for every 1,000 women in the state.
With a state of affairs in October 2022, the NITI Aayog’s study on women entrepreneurs places Telangana at the third spot on the list. 7.85 percent of micro, small, and medium-sized enterprises (MSMEs) were held by women. West Bengal was at the top with a percentage of 23.42%, while Tamil Nadu had a percentage of 10.37%.
“The new MSME policy in Telangana marks a pivotal moment for women entrepreneurs. It opens up a world of possibilities, empowering us to pursue our ambitions with renewed confidence. This initiative provides essential resources, financial backing, and mentorship opportunities tailored specifically for women-led businesses. With this support, we can expand our ventures and enhance our offerings, ultimately reaching more families in our communities. It’s truly inspiring to see a government recognise the vital contributions that women make to the economy and society at large. This policy isn’t just about financial assistance; it represents a commitment to creating an inclusive environment where women can thrive,” said Akanksha Sharma, CO-Founder & CEO, CITTA.
MSMEs Led by Women in India
With 12.39 million women-led businesses out of a total of 60.84 million micro, small, and medium-sized companies (MSMEs), women-owned MSMEs accounted for 20.37 percent of all MSMEs on a national scale. This, however, indicates that the majority of these businesses owned by women are very small, and the majority of them fall into the category of micro firms. What’s more, the majority of them are run by a single individual.
Only 17 percent of these kinds of enterprises had employees, and ninety-five percent of those who did have employees had five or less employees. The report continues to suggest that the proportion of women-owned businesses is reduced as the size of the enterprise increases.
Obstacles Faced by Female Entrepreneurs
According to Dr. Anupama Panduru, who serves as the Chairperson of the Indian Women Network (IWN) Telangana for the CII, 93.6% of the women entrepreneurs in the state are operating in the nano and micro segments. The manufacturing industry is home to a large number of female entrepreneurs; nevertheless, there are a number of obstacles that must be overcome. These obstacles include the high cost of entrance into the industry as well as necessities such as subsidies, worker accommodations, and specialised labour.
K. Rama Devi, the Chairperson of ALEAP WE-HUB, pointed out that maintaining a business continues to be a difficulty for women entrepreneurs, despite being able to gain access to financial resources and experiencing an overall improvement in conditions. The majority of these businesses that are managed by women are unable to expand and thrive in such a competitive market because they lack the marketing strength necessary to sell their products or services.
The state government was approached by CII-IWN with a number of recommendations, including an industrial park strategy, the necessity of worker housing, the necessity of subsidies to lower the cost of starting up business for women entrepreneurs, and access to a pool of skilled labour.
On 23 September 2024, Prime Minister Narendra Modi participated in an important roundtable meeting with top technology experts from the United States. The topic of discussion was regarding the promotion of creativity and collaboration within India’s fast-growing technology sector.
In the course of Prime Minister Modi’s three-day trip to the United States, a significant portion of the trip was spent in New York City, where this high-profile meeting took place at the Lotte New York Palace Hotel.
The School of Engineering at the Massachusetts Institute of Technology (MIT) was the host institution for the event, which brought together renowned chief executive officers from leading firms that specialize in artificial intelligence, quantum computing, semiconductors, and biotechnology. Other notable individuals who were present at the event included Sundar Pichai, who works for Google, Jensen Huang, from Nvidia, Lisa Su, who serves for AMD, and Shantanu Narayen, CEO of Adobe.
Focus of This Round-Table Meet
The conversation centered on how cutting-edge technologies such as artificial intelligence (AI), quantum computing, and biotechnology are influencing the landscape of technology around the world and making a contribution to the advancement of humankind. The Ministry of External Affairs (MEA) brought attention to the fact that the discussion focused on how these technologies are being utilized to revolutionize the economy of the entire world and to improve the standards of living of people all over the world, including those living in India.
In the statement made by the Ministry of Executive Affairs (MEA), Prime Minister Modi emphasized India’s commitment to fostering ethical and responsible usage of artificial intelligence through its ‘AI for All’ strategy during the meeting.
Further, the Prime Minister reminded the leaders of the technology sector that India is committed to protecting intellectual property and developing an environment that is conducive to innovation driven by technology. He strongly encouraged the chief executive officers to capitalize on India’s economic expansion and the country’s potential to become the third-largest economy in the world in a relatively short time.
The Meet Highlights the Investment Opportunities in India
Another important point that was brought up throughout the conversation was the potential for investment in India’s rapidly developing startup ecosystem. An emphasis was placed on the role that startups play in driving technological developments and providing creative solutions, as well as the potential that startups have to function as a bridge for American corporations who are entering the Indian market.
Sundar Pichai, CEO of Google, spoke to the press after the roundtable and said that Prime Minister Modi has encouraged the tech industry to keep creating and developing in and for India. In addition to this, he went on to state that the Prime Minister of India is concerned with ensuring that artificial intelligence is ultimately developed for the benefit of the people of India. He is pressing those who work in the field of technology to do more in the field of artificial intelligence so that it might be of use to the people of India.
As both countries continue to investigate potential pathways for mutual growth and innovation, this roundtable represents a crucial step in strengthening the ties that bind India and the United States, particularly in the field of technology.
The ‘Sukanya Samriddhi Yojana’ was initiated by Prime Minister Narendra Modi as part of the ‘Beti Bachao, Beti Padhao’ initiative. In the post offices, numerous accounts of daughters up to the age of ten years have been opened. Additionally, in many villages, accounts of all eligible daughters have been opened, and they have been declared as complete Sukanya Samriddhi Gram. On the occasion of “International Daughter’s Day,” on September 22nd, the Postmaster General of the North Gujarat Region, Ahmedabad, Krishna Kumar Yadav, stated that around 500 villages in the North Gujarat region have been transformed into complete Sukanya Samriddhi Grams till date.
Through the post office in these areas, Sukanya accounts have been made for all of the girls who are eligible for the program and are up to ten years old. Not only that but in these areas, the postman will rush to any house where there is a notification of the birth of a daughter to open the Sukanya account for the newborn. With this action, which is taken towards the economic empowerment of daughters, more than 4.50 lakh accounts of Sukanya Samriddhi Yojana have been opened in the post offices in the North Gujarat region, while 15.22 lakh accounts have been opened in the Gujarat circle. This information was provided by the Postmaster General. Through the implementation of campaigns in a variety of schools and Dak Chaupals in rural areas, all of the girls who are eligible for it are connected to it.
“Today, daughter’s empowerment is an imperative need in our society to foster equality, inclusivity, and progress. Namdev believes in the power of giving back to the community and making a positive impact on society. Our commitment to Corporate Social Responsibility (CSR) is not just about fulfilling obligations, but about creating a more equitable and inclusive society where daughters have equal opportunities and access to resources. We truly believe that “Everyone lives for themselves but living for others is the true way of life,” stated Jitendra Tanwar, Managing Director & CEO, Namdev Finvest.
Speaking about company’s CSR activity to empower girls, Tanwar said that company’s “Aaradhya” – Balika Shiksha Abhiyan aims to empower girls with essential life skills that capacitate them to choose for themselves a future of their choice. The key to empowerment is to have the confidence and ability to make independent decisions about one’s future. fir’s programme is designed to facilitate long-term, systemic change. Namdev believes that when girls are trained in crucial life skills, they are more effective in negotiating key life decisions, express their thoughts better, and are more assertive about their rights.
Dhirendra Pratap Singh, Co-founder and CEO, Milaan Foundation stated, “Started as a mere mandate of The Company Act of 2013 has now become a full-fledged social impact movement with businesses leading at the forefront of active investing in causes like financial inclusion of women, outcome-based skilling programmes, and a wide-range of scholarships and livelihood opportunities for women from severely underserved communities. This makes these girls not only the first-time learners but also and rather brilliantly the first-time earners of their communities, shifting the narrative of what women can achieve and do.”
“At Milaan Foundation, we exclusively focus on with and for adolescent girls through our flagship initiative, Girl Icon Program which enables them to create long-lasting change in their own communities. We have tied up with brilliant corporate and foundation giving teams like Sony Music, Echidna Giving, Reliance Foundation, Info Edge, Rohini Nilekani Philanthropies, Girl Rising among many prestigious others which will enable our nonprofit team to scale-up our programmes and create a deeper impact,” he added further.
How ‘Sukanya Samriddhi Yojana’ Operates?
In order to register a Sukanya Samriddhi account, females up to the age of 10 years old are required to pay a minimum of INR 250 at any post office. According to Yadav, the amount of money that can be deposited in a single fiscal year ranges from a minimum of INR 250 to a maximum of INR 1.5 lakh. Only 15 years from the account’s inception date will funds be required to be deposited in this programme.
When the daughter reaches the age of 18, she is eligible to withdraw 50 percent of the sum that was deposited into the account. After twenty-one years have passed since the account was opened, the entire amount can be withdrawn. At this time, the interest rate is 8.2 percent, and there is also a provision that allows for the amount that is deposited to be free from income tax considerations.
Giving Girl Child a Brighter Future
Additionally, according to the Postmaster General, the Sukanya Samriddhi Yojana is not just a means of investment, but it is also connected to the bright and prosperous future of daughters. Furthermore, the social features of this framework, in addition to the economic dimensions, are of great significance.
This sum will be reserved exclusively for the daughters, and it will be of great assistance to them in their pursuit of education, professional advancement, and marriage. Through the empowerment of daughters, this programme will also encourage the empowerment of women and the self-sufficiency of India in the future.
Motel 6, a motel business in the United States, was recently acquired by OYO from Blackstone Real Estate for a price of $525 million. As a consequence of this, the Indian hotel aggregator would acquire almost 1400 properties located around the United States.
It was announced on September 20, 2024, that Oravel Stays Ltd, the parent company of OYO, had acquired G6 Hospitality LLC, the parent company of the Motel 6 and Studio 6 brands. According to Blackstone, the transaction is anticipated to be finalized by the fourth quarter of 2024.
Motel 6’s Business Model
Motel 6 operates motels all throughout the United States and Canada, offering guests hotel rooms that are both tidy and clean at reasonable prices. As a result of the chain’s initial pricing of six dollars per night when it was first established, the name “Motel 6” was given to the establishment.
Both OYO and Motel 6’s business models have been developed on the motto that is compatible with the idea of delivering clean accommodations to travelers on a minimum budget.
The acquisition, on the other hand, takes place at a time when the hotel industry in the United States is experiencing difficulties with decreased occupancy and consistent room rates, as stated in a report published by one of the biggest media houses of the US. The report revealed that customers prefer to stay in a low budget hotel that is priced around $79 per night on an average. This figure is 14% higher compared to five years ago, but it is still lower than the expectations of the US hotel industry.
How This Deal Can Provide a Win-Win Situation for Both?
The combination of OYO’s entrepreneurial drive and the strong brand awareness, financial profile, and network that Motel 6 possesses in the United States will be extremely helpful in determining a path ahead for the firm that is both sustainable and profitable. According to the statement issued by Blackstone, there was a comment made by Gautam Swaroop, CEO of OYO’s international division.
Rob Harper, who is the head of Blackstone Real Estate Asset Management Americas, has stated that this acquisition is an excellent conclusion for investors.
Motel 6 was acquired by Blackstone in 2012 from the French hotel company Accor for a price of $1.9 billion. Following the acquisition, Blackstone committed $900 million to enhance the chain’s offerings. However, it has recently sold it to OYO for a price that is less than half of what it was valued at in 2012.
In this insightful interview, Ms. Shivani Tayal, co-founder of Lark Finserv, shares the inspiration behind launching a fintech company focused on Loans Against Securities (LAS). Lark Finserv offers a digital-first approach to lending, ensuring quick, secure, and transparent processes for borrowers. Ms. Tayal discusses the innovative technology behind the platform, its expansion into Tier-2 and Tier-3 cities, and the company’s commitment to regulatory compliance and customer satisfaction. She also provides valuable advice for aspiring fintech entrepreneurs looking to make their mark in the lending space.
StartupTalky: What inspired you to co-found Lark Finserv, and how did your background in finance influence the company’s vision?
Ms. Tayal: The inspiration for founding Lark Finserv emerged during the COVID-19 pandemic when I saw individuals and businesses facing liquidity crises despite holding valuable securities. At that time personal loans and credit lines also became less accessible due to stringent lending standards. This is when I felt the need for Loans against Securities as a viable alternative.
Coming from a finance background, I had a deep understanding of the financial markets. This helped us design a lending solution that is not only quick and innovative but also safe and reliable.
Our network with people in the industry has helped the company to form strategic partnerships and stay informed about the trends.
StartupTalky: How does Lark Finserv’s technology streamline the process of providing Loans against Securities?
Ms. Tayal: Our platform is built with the user in mind, offering a seamless and transparent experience from start to finish. We have reduced the approval times from days to minutes. Borrowers can apply for loans from the comfort of their own homes, offices, or any location using our interface. We’ve removed the need for physical paperwork, replaced it with a completely digital journey, and provided clear, upfront information about terms and conditions. This level of convenience and transparency is something that traditional lenders have struggled to match.
StartupTalky: What are the key features of Lark’s digital platform that enhance the user experience?
Ms. Tayal: We, at Lark, offer a completely digital journey starting from the onboarding process for customers. By using e-KYC and digital document verification, pledging, e-mandate, and e-sign Lark Finserv eliminates the need for physical paperwork, reducing the time required to onboard new clients from days to just minutes. Our technology allows for real-time fetching and pledging of securities that customers wish to pledge as collateral. Our platform enables instant disbursal of funds. This is achieved through integrations with banking systems and payment gateways, ensuring customers receive their loans quickly without unnecessary delays. Our digital platform is accessible, anytime providing customers the flexibility to apply, track, and manage their loans.
StartupTalky: How does Lark Finserv ensure the security and privacy of financial transactions on its platform?
Ms. Tayal: We at Lark, implement strong encryption protocols to protect data as it travels between the borrower’s device and our servers. Regular security, audits and vulnerability assessments are conducted to identify and mitigate potential risks. We secure all APIs used in our platform with strong authentication, rate limiting, and secure communication channels.
StartupTalky: What differentiates Lark Finserv’s LAS from traditional personal loans in terms of interest rates and liquidity?
Ms. Tayal: Personal loans being unsecured loans have high rates of interest as they carry a higher risk of default. LAS typically offers lower rates compared to traditional personal loans as is collateral-based lending. The presence of collateral reduces the lender’s risk.
Personal loans typically take longer to process because they require a thorough credit check and assessment of the borrower’s creditworthiness whereas LAS provides faster access to funds as the loan is backed by liquid assets that can be easily valued and used as collateral. Lark Finserv’s LAS allows the borrower to leverage his securities within minutes.
StartupTalky: What specific growth metrics has Lark Finserv achieved, including loan disbursal rates and expansion across Tier-2 and Tier-3 cities?
Ms. Tayal: Lark Finserv has enabled seamless onboarding and processing for customers all over India. This has reduced the need for physical visits and paperwork, making it easier for customers to access loans and other financial services from the comfort of their homes. Understanding that many customers in Tier 2 and Tier 3 cities primarily use smartphones to access the internet, Lark Finserv has optimized its platform for mobile use, ensuring a smooth and user-friendly experience.
Lark Finserv’s expansion into Tier 2 and Tier 3 cities has been a significant milestone in broadening its customer base and increasing financial inclusivity. We have more than 500 partners from these cities. Approximately 30% of the cases processed by Lark are from Tier-2 and Tier-3 cities.
StartupTalky: How does a user secure a loan against securities through Lark Finserv, from application to disbursal?
Ms. Tayal: Securing a loan from Lark Finserv involves 6 steps from application to disbursal.
Starting from the application where the borrower provides his, name, number, and PAN number.
Then he does his Digital KYC.
Fetching the Securities from RTA’s.
Pledging the securities.
E-Sign
E-mandate
Once the e-mandate is signed, the client gets the sanction immediately and the loan amount is credited to the borrower’s account in 2 hours.
In Lark’s digital journey, One-Time Passwords (OTPs) play a critical role in ensuring security and verifying the identity of the user at various stages.
StartupTalky: What measures does Lark Finserv take to comply with regulatory requirements and industry standards?
Ms. Tayal: We adopt a comprehensive approach that ensures legal compliance, protects customer interests, and maintains operational integrity. We strictly adhere to the RBI guidelines.
We aim at transparent disclosure of terms and conditions related to the securities used as collateral, regular reporting of financial statements, customer holdings, and other relevant data to the regulatory body.
StartupTalky: How does Lark Finserv collect and incorporate customer feedback into its service offerings?
Ms. Tayal: We, at Lark, understand the importance of customer feedback for continuous product and service improvement. To capture a comprehensive view of customer experiences, as LAS, we offer various channels for customers to provide feedback. We train customer service representatives to solicit feedback during interactions. This is done at the end of a call or chat session, asking customers to rate their experience or provide suggestions for improvement. We are embedding feedback forms directly within the company’s digital platforms allowing customers to provide feedback while interacting with the service. We ensure that based on the client feedback, we keep on improving the product and the service.
StartupTalky: What is your vision for the future of digital lending in India, and how do you see Lark Finserv contributing to this evolution?
Ms. Tayal: India has a $1 trillion lending opportunity against digital assets. Growing financial literacy among the Indian population is increasing the acceptance and understanding of digital financial products. The digital lending market in India is expanding rapidly, with ample opportunities for innovation and growth.
At Lark, our vision is to enable credit against securities through a dynamic digital lending platform, ensuring financial empowerment and inclusivity for all.
Lark Finserv shall continue to be at the forefront of digital lending enhancing its digital platforms with AI-driven personalization, user-friendly interfaces, and seamless customer journeys. By focusing on innovation and customer satisfaction, we will remain competitive in the ever-evolving market.
StartupTalky: What advice would you give to aspiring fintech entrepreneurs looking to enter the lending space?
Ms. Tayal: Entering the fintech lending space can be both exciting and challenging. Due to digital transformation, the LAS market has seen significant growth. Technology has made it easier to evaluate, process, and manage loans against securities online. While digital lending presents significant opportunities, it also comes with a range of challenges that require careful management and strategic planning. Addressing these challenges effectively involves leveraging technology, adhering to regulatory requirements, maintaining high standards of data security, and focusing on customer experience and trust.
The Central Electricity Authority (CEA) is making major gains in addressing the growing need for large-scale energy storage in the nation’s power grid, which is a landmark step towards attaining India’s goals as it pertains to renewable energy.
Continuing its dedication to ensuring sustainable energy in the future, the Central Energy Authority (CEA) has reached yet another significant milestone by approving two additional Pumped Storage Projects (PSPs) in the state of Maharashtra. These PSPs are the 1500 MW Bhavali PSP, which is being developed by JSW Energy Ltd., and the 1000 MW Bhivpuri PSP, which is being developed by Tata Power Co. Ltd.
These PSPs have been approved with the assistance of the Central Water Commission (CWC), the Geological Survey of India (GSI), and the Central Soil and Materials Research Station (CSMRS). Furthermore, these PSPs were approved within ten days of the completion of the DPRs.
The Project Will Fast-Track the Commissioning
Those responsible for the development of these PSPs have stated that they intend to expedite the commissioning process and finish them within 44 to 46 months, that means they are expected to get completed by 2028 respectively. More than 15 gigawatt hours (GWh) of storage capacity will be provided by these power storage power plants (PSPs) altogether. This large-scale energy storage is essential for meeting the peak demand during non-solar hours, in addition to providing inertia to the grid, which ultimately leads to grid stability. Both the acceleration of the integration of renewable energy sources and the support of the transition to a greener energy system will be facilitated by this.
The CEA has set a goal to reach a consensus on at least two PSPs every single month during the current year, but this will be dependent on the developers finishing their DPRs. Concurring 15 Hydro PSPs with a capacity of 25,500 MW is the goal that the CEA has set for the period of 2024-25. Out of these 15 PSPs, four with a capacity of 5,100 MW have already been agreed upon.
Online Platform Jalvi-Store
An online platform called “Jalvi-store” has been developed by CEA as part of its ease of doing business initiative. This portal will bring about increased openness in the processing of chapters during the pre-DPR stage of PSPs.
Furthermore, in order to improve the speed with which the DPRs are ratified, many chapters have been eliminated. Additionally, the check list is incorporated into the guidelines of PSPs, which assists in providing clarity regarding the material that is required for the relevant chapters. Multiple teams have been formed by GSI and CWC in order to expedite the clearance of design chapters included in PSPs.
In this compelling interview, Ms. Nupur Garg, founder of WinPE, shares her journey from a successful career in private equity to championing gender diversity in the investing industry. Inspired by a desire to address the systemic barriers faced by women in finance, she founded WinPE to promote change and increase female representation. Ms. Garg discusses the current trends shaping private equity and venture capital, the strategies WinPE employs to promote diversity, and the challenges she faced in her career. Her insights shed light on the critical need for inclusive practices in the investment landscape and the role of mentorship and community in driving progress.
StartupTalky: What inspired you to start WinPE, and what gaps does it aim to fill in the investing industry?
Ms. Garg: It is a story of serendipity. The inspiration for WinPE struck me during a vacation. While I was transitioning from my full-time role at IFC, I aimed to build a portfolio of work that would not only leverage my investing experience, knowledge, and skills but also serve a deeply meaningful purpose. One day, I found myself discussing the alarmingly low numbers of women and the lack of gender diversity in private equity with my husband. That conversation and my desire to do something about the situation ultimately led to the founding of WinPE.
In the course of my journey as an LP, I noticed the significant lack of gender diversity in the private equity and venture capital (PE-VC) industry. As I examined the challenges faced by women in this sector, I realized there were systemic issues that needed to be addressed. As I reached out to my network in the PE-VC industry, I found those sentiments echoed by industry leaders and firms – all of whom believed that diversity is critical and were looking for the right suite of solutions that they could leverage, support, and champion.
WinPE was born out of this collective desire to fill systemic gaps. WinPE works with PE-VC firms to change their policies, practices, culture, and decision-making, driving change in the investing industry by increasing access and opportunities for women. In addition, WinPE supports women through mentorship, networking, and career resources, ensuring they have the tools they need to succeed professionally. WinPE works to address the gender gap in the investing industry through multifaceted interventions.
We work closely with members of PE-VC firms to identify and solve the challenges that hinder gender balance, bring forward industry and thought leadership in diversity, equality, and inclusion (DEI), and transform the environment to support equal access and equal opportunity. We also run a suite of initiatives designed to support women in achieving career success in PE-VC – including community building, 1:1 mentorship, networking, career resources, job vacancies, board roles, speaking opportunities, etc. Our mission is to enhance women’s representation in the industry ecosystem, both as investors and as recipients of investment capital.
StartupTalky: What major trends are currently shaping the private equity and venture capital industries?
Ms. Garg: If I focus on WinPE’s PoV, one of the major trends shaping the industry is the growing emphasis on gender diversity and inclusion, which is creating a push toward a more equitable investing ecosystem. Investors are increasingly acknowledging that diverse teams enhance decision-making and financial performance. Initially led by institutional limited partners, the growing commitment to gender diversity has become a priority for leading PE-VC firms, gradually reshaping fundraising conversations. Over time, this shift is expected to reshape the demographic landscape of the industry.
Recent times have seen global structural changes, including digital disruption, AI’s impact on operations, the low-carbon transition, geopolitical fragmentation, and shifting demographic distributions. These are reshaping private markets and creating new opportunities for private capital. After a slow year in fundraising and deal/exit activity, there is now greater appreciation for fund managers who have been creating value and generating liquidity for investors. With substantial dry powder available, the industry is well-positioned to capitalize on current market dislocations. Key trends include:
Digital Transformation and Tech-Focused Investments: Technology-driven companies and sectors such as fintech, health tech, edtech, and SaaS are drawing interest owing to their ability for innovation and disruption. The emphasis on digital transformation is expected to intensify as firms seek out startups that offer scalable tech solutions.
Sustainability and ESG (Environmental, Social, Governance) Integration: Becoming increasingly central to investment strategies. With a growing awareness of the long-term impacts of environmental and social issues, firms are integrating ESG criteria into their decision-making processes.
Resurgence in Deal Activity and Operational Value Creation: There is a strong expectation that private equity firms will see a resurgence in transactions as market conditions stabilize and dry powder continues to pile up. With valuations holding firms for good quality companies, investors are likely to prioritize operational value creation within their portfolio companies, focusing on enhancing efficiency, scalability, and strategic direction to drive growth and achieve higher returns.
Heightened Regulatory Scrutiny and Compliance: As private equity and venture capital sectors continue to mature; they face increasing regulatory oversight. Stricter compliance requirements are being imposed by governments and regulatory bodies to ensure transparency and accountability.
StartupTalky: How do you manage your roles across multiple boards while advancing WinPE’s mission?
Ms. Garg: It is crucial for me to remain fully committed to the role I am playing in the given moment. In board meetings, my focus is entirely on the company’s agenda. As an independent director, fulfilling my responsibilities takes top priority. Similarly, when I am working on WinPE, my focus is on advancing its mission and objectives. In terms of overlap, yes, gender diversity is important to me in my capacity as well. So when in a board meeting, I consider where each company stands on DEI and contribute constructively.
WinPE was built with an institutional foundation and mindset. While my passion undoubtedly drives it, there is an incredible team that is as excited about the outcomes. We all have a role to play in driving WinPE’s mission forward. I do my share as the founder.
StartupTalky: What are the most effective strategies WinPE uses to promote gender diversity in investing?
Ms. Garg: As I mentioned above, at WinPE, we focus on a multi-pronged approach consisting of three main strategies to promote gender diversity:
Collaboration with PE-VC firms to drive cultural shifts and reduce unconscious biases.
Support for women who are already in the industry by offering mentorship and networking opportunities.
Attracting more women into the industry through job and career resources.
We believe that dialogue and action must go hand-in-hand to drive real change. Our approach is multifaceted, focusing on transforming the culture within the investment ecosystem while providing practical tools to support women who are already in or aspiring to enter this field.
What sets us apart is our role as a DEI driver within the PE-VC industry, there is no preaching from the outside. We engage in open dialogues with firms and their decision-makers and catalyze collaborative action toward our shared goal. We complement this with comprehensive resources, including training, networking, and mentorship, to empower women and enable them to thrive professionally. We are also equally focused on building a talent pipeline for the industry via our newly launched career portal. We collate vacancies, job resources, training courses, and close interactions with recruiters for PE-VC aspirants. To increase the representation of women in leadership roles, we have been working with our member firms in placing experienced women on boards of their investee companies.
WinPE adopts a 360-degree approach to this challenge and continuously launches new solutions!
StartupTalky: What barriers to gender diversity have you faced, and how have you addressed them?
Ms. Garg: My professional journey, though fulfilling, has not been without challenges. While discrimination and harassment were prevalent even then, 10-15 years ago no one openly acknowledged either of them. They were often overlooked or dismissed and no one was talking about unconscious biases. When discussing our experiences with seniorwomen and peers in my network, we found a common thread: our strategy for success involved focusing on our work and ignoring gender-based distractions. We worked hard and well, refusing to let surrounding noise distract or drag us down. We must ask colleagues not to view us through gender-coloured lenses, and we must do the same for ourselves.
These experiences have shaped WinPE’s initiatives, aiming to create unbiased workplaces and level the playing field. We strongly believe in creating awareness, fostering sensitivity, and ensuring leadership commitment for DEI, alongside managerial accountability. Through our workshops and discussions with women, we discuss the need to build a winning mindset and the confidence to disrupt sexism. Strong industry networks are crucial for success in PE-VC, and WinPE fosters a supportive community for women in this field.
Finally, I have had a powerful support system in my family and I believe it has been crucial to have that safe space that provided positive reaffirmation. So, this is one piece of advice that I share with young women who ask – the choice of life partner could be one of the most important factors influencing professional success for women!
StartupTalky: How do current trends in venture capital affect investment opportunities for female-led startups?
Ms. Garg: The emphasis on DEI is one of the current trends in venture capital. Development Finance Institutions are pushing gender lens investing, expanding the pool of investment capital available to female-led firms. Research and data stating the improved performances of diverse teams have added to the case for investing in female founders. Women now make up a significant percentage of the startup workforce, including core tech roles, creating a large pipeline of female founders and investors.
At WinPE, we have observed a significant change in the awareness and conversations on DEI within the Indian PE-VC industry. This change is evident not only in firms but also among women who are increasingly unafraid to ask for their fair share. We also see increased demand from PE-VC firms for diverse teams. All in all, there is progress and we are seeing changes seep through.
At the same time, it is too early to declare victory. Industry data continues to reflect a large gap in funding for women-led startups. This is correlated to the large gap in the representation of women in decision-making roles at PE-VC firms. By promoting more inclusive practices and catalyzing resources that accelerate the growth of women as investors and founders, initiatives like those headed by WinPE are essential in closing this gap.
StartupTalky: What key factors should investors consider when evaluating opportunities in emerging markets?
Ms. Garg: Emerging markets offer significant growth potential due to their rapid expansion, increasing consumer populations, and evolving infrastructure. The shift from low- to middle-income status in these regions drives strong economic growth and rising consumer spending.
At the same time, investors must also navigate the higher risks associated with emerging markets, such as market volatility, regulatory changes, currency risk, and political instability. In the more nascent markets, an underdeveloped ecosystem and scant talent pool are big concerns too. These challenges require careful consideration and a strategic approach to portfolio allocations.
Emerging markets are particularly attractive for industries that are leveraging technology to create access to products and services efficiently and affordably. For example, the ability to sell products across a country with the help of technology versus decades of building capex-intensive retail infrastructure or using AI to create smart underwriting algorithms to underwrite credit for the underbanked and new-to-credit consumers. Innovation is driving growth in sectors like fintech, renewable energy, and mobile technology. Additionally, the young and expanding populations in these regions present long-term opportunities in sectors like financial services, retail, healthcare, and education. Ongoing infrastructure development also creates investment opportunities, particularly in construction and related industries.
StartupTalky: How does WinPE measure the success of its programs, and how do you use this data to improve?
Ms. Garg: A focus on outcomes has been a foundational aspect of WinPE from Day zero. We emphasize initiatives where we can have a tangible impact in a sustainable way and at scale. WinPE operates with a fully developed Theory of Change that guides our work and metrics to measure outcomes.
Through our Collegium discussions, we work closely with our member firms to create incremental changes in their policies, practices, and operations to support equal opportunity, equal access, and greater gender balance. Every 12 months, our members identify areas of action and corresponding KPIs. For example, to enhance the hiring of women into teams, WinPE member firms now require a diverse candidate pipeline and are implementing blind screening practices, diverse interview panels, etc.
We have achieved significant progress, with 70% of member firms reporting progress on their KPIs. Very importantly, we have seen a 3x growth in our member firms which we believe is a testament to the incredible work that WinPE and all its partners have done in the 4 years since WinPE’s inception. More than 400 firms from the industry ecosystem have participated in WinPE initiatives and we are excited to have reached that level of penetration in such a short period.
Through the last 4 years, WinPE has organized 40+ knowledge sessions, training etc for women that have seen >9000 registrants and >90% satisfaction scores. More than 70% of the mentees from 3 completed cohorts of our flagship mentorship program have reported career progress within 12 months. And most heartwarming of all, we have countless testimonials from firms and women who love the positive change that WinPE is driving.
A very interesting phenomenon we are experiencing now is the expectation and request that WinPE take the lead in building solutions. For example, last year, we rolled out curated training and workshops on unconscious bias for the PEVC industry. This year, we have launched a career portal to build a talent pipeline for the industry and to support our members in accessing the same. We are helping member firms place senior women professionals on the boards of their portfolio companies. We are also compiling a superset of best practices as a reference guide for our member firms.
By emphasizing results, WinPE has been able to start addressing challenges to DEI from multiple fronts.
StartupTalky: What actions can institutional investors take to support gender diversity more effectively?
Ms. Garg: I believe institutional investors are in a privileged position from where they can strongly influence the industry. Institutional investors can promote gender diversity by setting transparent, quantifiable targets for gender diversity in their operations and investment portfolios. This may include goals for female representation in decision-making roles, leadership positions, and across the workforce.
For LPs, this translates into gender-action plans for their teams and for the funds they invest in. For fund managers, it means gender action plans for their teams and the companies they invest in. Gender needs to be mainstreamed rather than confined to impact initiatives.
I don’t say that gender should be a decisive criterion where investors reject a non-diverse fund manager or company. However, we can certainly advocate for a roadmap to build that missing diversity. While representation levels won’t change overnight, the collective will of institutional investors can kickstart meaningful progress. A great example is the Investor Leadership Network (ILN), a collective of institutional investors representing billions of dollars, advocating for sustainability and diversity in their investments.
WinPE today represents a collective of 30+ global and regional investing firms with billions of dollars in AUM, spearheading the transformation in the Indian PEVC ecosystem. These firms are continuously implementing incremental changes in their operations, policies, portfolios and teams to pursue an outcome oriented DEI agenda. And that I believe is an incredibly powerful force of change.
StartupTalky: How do your roles on investment committees influence your work with WinPE?
Ms. Garg: My roles on investment committees are an extension of the work I did in my last full-time role as an LP. They keep me abreast with market developments across various developing markets.
From WinPE’s perspective, these roles offer me a window into how the DEI conversation is progressing across different regions, how LPs are pushing the agenda and what challenges hinder these initiatives. Conversely, I use my industry knowledge in IC discussions, leading to cross-pollination since knowledge is fungible. However, my IC role is distinct and independent from my WinPE role; I don’t try to fit WinPE into IC discussions or vice versa.
While the knowledge is fungible, the agendas are completely independent.
StartupTalky: What advice do you have for female entrepreneurs looking to enter the investment field?
Ms. Garg: Entering the investment field is a genuinely interesting choice. It offers intellectual stimulation and constant learning and can be highly rewarding if you are willing to put in the necessary effort. It’s important to recognize that this isn’t a typical nine-to-five job; it is a demanding profession where success comes from passion, dedication and from truly enjoying the process.
For women to succeed in this industry, it’s essential to approach their careers with an understanding that the industry is still male dominated and therefore, role models may be difficult to find. You may have to carve your own path. It is not to say that it will be difficult – the industry has many men who strongly champion diversity and are great allies, sponsors and mentors. But the onus to reach out and gain support lies on the individual. It is an industry that rewards outperformance like none other so it is important to be proactive, grab opportunities, develop strong networks and build solid credentials.
🐸 HODL on to your memes, folks! The frog is back, and this time it’s hopping through the world of cryptocurrency! 🐸
In the wild jungle of crypto, where tokens rise and fall faster than you can say “To the moon!”, PEPE Coin has croaked its way into the spotlight. Born from the depths of meme culture and fueled by the chaotic energy of the internet, PEPE Coin isn’t just another digital currency—it’s a movement. Whether you’re here for the lols or looking to ride the next big wave, PEPE Coin has managed to set itself apart from the crowd, one meme at a time. But what makes this frog-faced coin the talk of the crypto town?
The Origins of PEPE Coin
PEPE Coin leaped into the crypto scene in April 2023, drawing inspiration from the legendary “Pepe the Frog” meme, a character that has been a mainstay of internet culture since the mid-2000s. What started as an innocent cartoon character soon became an iconic symbol of meme culture, and the creators of PEPE Coin knew just how to capitalize on its popularity. Unlike traditional cryptocurrencies that launch with clear roadmaps and established teams, PEPE Coin was shrouded in mystery, with anonymous developers who let the meme do the talking.
But don’t let its playful origins fool you—PEPE Coin quickly became a serious contender in the world of digital assets. Within weeks of its launch, it had gathered a massive following, proving that a community-driven approach can be just as powerful as any technological innovation.
What Makes PEPE Coin Ribbit?
1. The Power of Community
At the heart of PEPE Coin’s success is its community—a vibrant, engaged group of enthusiasts who aren’t just investors but true believers in the meme. In the world of meme coins, community is everything, and PEPE has proven to be one of the most active and dedicated. The decentralized nature of the project means that decisions are driven by the community, making every holder a stakeholder in the coin’s future.
2. A Deflationary Model
In a twist that even the most seasoned crypto traders didn’t see coming, PEPE Coin employs a deflationary mechanism where a small portion of each transaction is burned, reducing the overall supply of tokens over time. This strategy creates scarcity, potentially driving up the value of the remaining tokens as demand increases. It’s a clever move that not only makes PEPE Coin more appealing to holders but also adds a layer of long-term sustainability to the project.
3. Riding the Meme Wave
PEPE Coin’s true strength lies in its ability to tap into the cultural zeitgeist. Memes are the language of the internet, and PEPE speaks it fluently. By embracing its meme origins, PEPE Coin has positioned itself as not just another cryptocurrency but a cultural phenomenon. The coin’s branding is playful, irreverent, and perfectly in tune with the internet-savvy audience that it targets.
The PEPE Coin Price Surge: A Froggy Fairytale
Let’s talk numbers—because PEPE Coin’s price action has been nothing short of extraordinary. Since its launch, PEPE Coin has witnessed an astronomical rise, with the value skyrocketing by a jaw-dropping 12,200% until March 2024. This PEPE Coin price surge has cemented its place in the top tier of meme coins, drawing comparisons to the likes of Dogecoin and Shiba Inu.
But what fueled this surge? A combination of strategic exchange listings, viral social media campaigns, and the sheer power of its community. The frog might have started small, but it’s now hopping with the big dogs of the crypto world.
Adoption and Market Dynamics
PEPE Coin’s rise wasn’t just about a meme—it was about smart market positioning. Listing on major exchanges like Binance and Uniswap gave PEPE Coin the liquidity it needed to thrive. This exposure brought in more traders, more buzz, and, inevitably, more value.
The deflationary mechanism, coupled with a low entry price, made it an attractive option for both seasoned traders and crypto newbies alike. As more transactions occurred, the burning of tokens reduced the supply, adding to the scarcity and pushing prices even higher. Those looking to convert USD to Pepe quickly found themselves part of one of the most exciting financial stories of 2024.
For more detailed comparisons and insights, you can visit Bitcompare.
What’s Next for PEPE Coin?
The future of PEPE Coin, like all meme coins, is as unpredictable as the internet trends that fuel it. However, the strong foundation laid by its community, coupled with its innovative tokenomics, suggests that this frog isn’t going anywhere anytime soon. PEPE Coin has shown that even in a market as volatile as crypto, there’s room for fun, irreverence, and a whole lot of meme magic.
Whether it will continue to soar or eventually settle down remains to be seen. But one thing’s for sure—PEPE Coin has already made a lasting impact on the cryptocurrency world. And who knows? The next big leap might be just around the corner.
Conclusion
PEPE Coin has proven that meme coins can be more than just a fleeting internet joke. With its strong community backing, innovative deflationary model, and sheer power of meme culture, it has set itself apart as a standout in the crowded cryptocurrency landscape. Whether you’re a seasoned investor or just in it for the memes, PEPE Coin offers a unique and intriguing opportunity to be part of something both fun and potentially lucrative.
So, if you’re ready to join the frog army, start by learning how to convert USD to Pepe and hop into the world of meme coins. The frog may have started as a joke, but in the world of crypto, it’s anything but.
In this insightful interview, Tanul Mishra, founder and CEO of Afthonia Lab, shares her journey from being an entrepreneur to leading India’s only independent fintech-focused incubator. She discusses the lab’s rolling cohort model, personalized startup blueprints, and its mission to bridge gaps in India’s fintech ecosystem. Mishra highlights emerging trends such as InsureTech, cybersecurity, and AgriFinance, emphasizing the importance of product-market fit for fintech startups. Through a robust network of mentors, partners, and investors, Afthonia Lab provides critical support, guiding startups in fund optimization and strategic growth.
StartupTalky: Please give us an overview of what Afthonia Lab does and what its mission is in the fintech industry.
Ms. Mishra: Afthonia Lab is India’s only independent fintech-focused incubator, distinguished by our rolling cohort model that allows year-round onboarding, as opposed to batch-oriented programs. Each startup we engage with receives a personalized blueprint designed to propel them to their next inflection point. Our program offers a global perspective, providing access to worldwide knowledge, funds, and networks, crucial for market access and expansion. We utilize a proprietary tool to shortlist startups and craft their development blueprints, supported by a global panel of mentors and a strong network of investors from micro VCs to venture capitalists.
StartupTalky: What motivated you to transition from being an entrepreneur to leading an incubator focused on fintech startups?
Ms Mishra: Having built and co-founded my own food business, I realized the critical importance of a robust network and sufficient funding for business growth. After exiting, I observed a significant gap in India’s startup ecosystem, particularly a lack of structured support compared to countries like the US and China. This insight led me to establish Afthonia Lab, a fintech-focused incubator designed to offer structured growth environments and allow startups to learn from their mistakes effectively.
StartyupTalky: What are the key latest trends you foresee for the future of the fintech industry in India?
Ms. Mishra: Looking ahead, sectors like InsureTech and cybersecurity show significant growth potential due to increasing digital transactions. Another promising area is AgriFinance, particularly for innovations targeting tier two and three cities, which are currently underserved.
StartupTalky: How do you support fintech startups in achieving a sound product-market fit?
Ms. Mishra: Achieving a strong product-market fit involves multiple stages, from sketching out business models to developing a minimum viable product, and devising customer acquisition strategies. At Afthonia Lab, we address these stages by leveraging a vast network of ecosystem partners and growth mentors who provide the necessary support for startups to navigate these phases efficiently. Our approach ensures founders spend less time seeking partners and more on strategic growth.
StartupTalky: How does Afthonia Lab facilitate connections between startups and venture capitalists?
Ms. Mishra: Over time, we have cultivated a strong network of 100 + partners and investors that play a pivotal role in the startup ecosystem. This network allows us to provide startups with early feedback on their business strategies, enhancing their viability and scalability. Our connections also facilitate a deeper understanding of investor expectations, which helps in aligning startup offerings accordingly.
StartupTalky: What strategies does Afthonia Lab use to guide startups in optimizing their use of funds?
Ms. Mishra:Financial management is crucial, and at Afthonia Lab, we emphasize optimizing fund flow, which involves careful planning of future financial sources and uses. We assist startups in maintaining financial stability without compromising growth, ensuring efficient working capital management, and exploring viable revenue streams.
StartupTalky: What advice would you give to aspiring entrepreneurs looking to enter the fintech space?
Ms. Mishra: I advise fintech founders to focus on the core problems their technology is solving for customers rather than the technology itself. It’s crucial to address real customer needs effectively and remain adaptable to feedback to ensure long-term success.
Kinnary Nensee
