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  • SecureDApp: Enhancing Blockchain Security Through Comprehensive Solutions and Smart Contract Audits

    In today’s advancing landscape of blockchain and Web3 technologies, security is a top priority. SecureDApp, a leading player in the field, specializes in providing comprehensive blockchain security solutions and smart contract audits. Their core mission is to ensure the safety and reliability of blockchain applications, enabling startups and enterprises to navigate the Web3 landscape with confidence.

    In this article, we embark on a journey to explore the captivating world of SecureDApp. We’ll delve into SecureDApp’s ideation story, the visionary founders behind its success, its unique strategies, its business and revenue model, and much more.

    SecureDApp – Company Highlights

    Startup Name SecureDApp
    Headquarters Bangalore, Karnataka, India
    Sector Blockchain Services
    Founder Abhishek Singh, Himanshu Gautam
    Founded 2023
    Website securedapp.io

    SecureDApp – About
    SecureDApp – Market/Industry Details
    SecureDApp – Founders
    SecureDApp – Startup Story
    SecureDApp – Name and Logo
    SecureDApp – Vision and Mission
    SecureDApp – Products/Services
    SecureDApp – Business and Revenue Model
    SecureDApp – Launching Company Strategies
    SecureDApp – Customer Growth and Retention Strategies
    SecureDApp – Challenges Faced
    SecureDApp – Marketing Strategy
    SecureDApp – Growth
    SecureDApp – Funding
    SecureDApp – Key Tools and Software
    SecureDApp – Startup Programs
    SecureDApp – Awards and Achievements
    SecureDApp – Competitors
    SecureDApp – Future Plans

    SecureDApp – About

    SecureDApp is a pioneering blockchain security solution that specializes in offering comprehensive security solutions to companies operating in the Web3 space. With a strong focus on identifying vulnerabilities in smart contracts and providing robust security measures to enhance the overall security of blockchain networks.

    SecureDApp – Market/Industry Details

    Industry: SecureDApp operates in the smart contract audit industry. Smart contract audits are a type of security assessment that is performed on smart contracts to identify and mitigate potential vulnerabilities. Smart contracts are self-executing contracts that are stored on a blockchain. They are used to automate a wide variety of transactions, from simple financial transfers to complex agreements.

    Target market size: The global smart contract audit market is expected to grow from USD 150.2 million in 2021 to USD 1,515.4 million by 2032, at a CAGR of 23.5% from 2022 to 2032. The growth of the market is attributed to the increasing adoption of blockchain technology and the growing need to secure smart contracts.

    Market share: SecureDApp is a relatively new company in the smart contract audit industry. However, it has quickly gained a reputation for its innovative and comprehensive solution called Solidity Shield. SecureDApp’s market share is expected to grow significantly in the coming years as the demand for smart contract audits increases.

    Abhishek Singh, co-founder and CEO of SecureDApp, mentioned that he used a variety of sources, including market research reports and industry publications, to gather information on the smart contract audit industry.

    He expressed his belief that the smart contract audit industry would continue to experience rapid growth in the next five years. This projection was based on the increasing adoption of blockchain technology and the growing demand for securing smart contracts.

    Furthermore, Mr. Singh believes that SecureDApp is poised to become one of the leading providers of smart contract audit services in the next 5–10 years. This is due to its commitment to innovation and its focus on providing comprehensive services to its customers.

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    SecureDApp – Founders

    Abhishek Singh (left) and Himanshu Gautam (right) - SecureDApp Founders
    Abhishek Singh (left) and Himanshu Gautam (right) – SecureDApp Founders

    Abhishek Singh and Himanshu Gautam are the founders of SecureDApp.

    Abhishek Singh

    Abhishek Singh, with over 15 years of experience and a Master’s in marketing, has a track record of successfully launching and scaling multiple brands, especially startups. His core expertise lies in brand building, growth hacks, and automation. Abhishek is highly skilled in fostering engaged and loyal communities integrated with PR. One of his proven strengths is the ability to build and empower teams for success.

    Himanshu Gautam

    Himanshu brings a wealth of knowledge and experience to the table, with a Master’s degree in technology from IIT Kanpur and over 6 years of professional experience. His expertise is deeply rooted in Web3 products and blockchain technology. Himanshu has a successful track record of building and auditing numerous decentralized applications (DApps) and has also served as a trusted blockchain and Web3 consultant for the Government of India. Additionally, he is a core team member of a Web3 startup, with a primary focus on the latest development efforts.

    Abhishek shared that they spent several weeks working together, evaluating different startup ideas, and brainstorming potential solutions to complex problems. Their meetings included debates, insightful discussions, and plenty of brainstorming.

    However, one day, their common link suddenly left, leaving them uncertain about the future of their collaboration. But instead of letting this setback discourage them, they decided to stick to the idea of starting something on their own, without him. Over the next few months, they worked tirelessly, investing long hours and pouring their hearts and souls into their new venture. Despite the challenges and setbacks along the way, they remained determined and focused, driven by their shared vision and passion for success.

    Finally, after much hard work and dedication, they launched the startup, and from then on are building it.

    SecureDApp – Startup Story

    The inspiration for SecureDApp came from the growing number of smart contract hacks and exploits. Abhishek explained that they saw a need for a more comprehensive and innovative approach to smart contract security. They also saw an opportunity to make Web3 safer for everyone by empowering blockchain developers to build secure and reliable smart contracts. Their hypothesis got firmer when they found out that more than 95% of the projects deployed on the chain were not audited.

    In their efforts to understand the market, they conducted extensive research on the smart contract audit market, including interviewing industry experts and analyzing market research reports. They also validated their idea by engaging with potential customers and obtaining feedback on their proposed product offerings. They also spoke with over 50 founders to gain insights into their concerns pertaining to smart contract audits and security.

    The ideation process at SecureDApp began with the team brainstorming a list of all the ways that they could improve the smart contract audit process. Once they had a list of ideas, they started to narrow it down by focusing on the ideas that we thought were most feasible and would have the biggest impact.

    Once they had identified a few key ideas, they began the design phase for their initial product offerings. Their primary focus during this phase was on crafting products that would be easy to use and would provide blockchain developers with the information they needed to build secure and reliable smart contracts.

    From the start, they decided to adopt a product-based approach to audit while the industry is driven by manual audits. Once they had a design for their products, they started to prototype them. They built a small team of experienced engineers and developers to help them bring the company’s products to life. Interns played a key role in testing their hypothesis.

    The initial people they talked to about SecureDApp were friends and family, as well as other industry experts. They also talked to potential customers to get their feedback on their proposed product offerings.

    The response from the initial people was very positive. They were excited about the vision for SecureDApp and saw a need for the company’s products in the market.

    SecureDApp Logo
    SecureDApp Logo

    The name of the company was suggested by Himanshu Gautam. They had decided that the name has to be the combination of real word + real meaning + relevant meaning.

    SecureDApp – Vision and Mission

    SecureDApp’s vision is to make Web3 safer for everyone by providing the most innovative and comprehensive smart contract audit solutions. Its products empower blockchain developers to build secure and reliable smart contracts with confidence, enabling them to focus on their core competencies and deliver innovative products to the Web3 community.

    The company believes in a future where individuals and organizations can transact securely and efficiently without the need for intermediaries or middlemen. SecureDApp envisions a world where blockchain technology is used to solve real-world problems, create new opportunities, and empower people across the globe.

    SecureDApp – Products/Services

    SecureDApp Solidity Shield Scanner
    SecureDApp Solidity Shield

    The rise of decentralized systems has made smart contract safety and reliability a concern. A decentralized firm offering end-to-end solutions is needed to provide secure and standardized smart contract development and auditing. This will unlock the full potential of smart contracts.

    The company’s flagship product, Solidity Shield, is an advanced, AI-powered vulnerability detection application designed specifically for smart contracts written in Solidity, the programming language used for Ethereum-based blockchain applications. Solidity Shield utilizes cutting-edge artificial intelligence techniques to automatically and rapidly identify vulnerabilities within smart contracts, providing developers with a powerful tool to enhance the security and reliability of their blockchain projects.

    At the heart of Solidity Shield is its automated bot, a highly efficient and intelligent system that can analyze smart contracts within a matter of seconds. The bot leverages machine learning algorithms and natural language processing techniques to comprehend and interpret the code, enabling it to detect potential vulnerabilities with remarkable accuracy and speed.

    In terms of technology, SecureDApp relies on a stack that includes solidity smart contracts, React.js, WalletConnect Framework, Node.js Backend, and a MySQL database.

    SecureDApp – Business and Revenue Model

    The product is yet to be monetized; however, the company has decided to keep the rate for audits at less than $10 per scan. A SaaS pricing model will be introduced for the company’s product, Smart Contract Audit. The idea is to help the developer community focus on building without worrying about the security or cost involved in its audit.

    SecureDApp – Launching Company Strategies

    When launching the company from the point of having zero users, the strategies employed to acquire the initial 100 customers played a pivotal role in the journey. The approach embraced by SecureDApp revolved around a freemium model, which started with the rollout of a public beta launch at no cost, inviting everyone to scan and test the company’s product. More than 175 projects have scanned their smart contracts using the Solidity Shield Scanner.

    While the first 100 users marked a significant milestone, the company’s strength lies in its community, including subsequent members from the developer community. Notably, the security project is already deployed at Tels Network at the infrastructure level for Web3 security.

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    SecureDApp – Customer Growth and Retention Strategies

    SecureDApp has decided to continue working on the following strategies for customer growth and retention:

    • Community development
    • Content development to engage with the community

    The company also aims to maintain close collaboration with ecosystem partners to expand the customer base from 100 to 1000.

    SecureDApp – Challenges Faced

    Every other day, the company has been facing some or other challenges, from product development to working out the right pricing strategy to marketing. Abhishek has noted that, so far, there hasn’t been a dull day in the business from the perspective of encountering these challenges. He mentioned that regulatory issues will keep you on your toes when you are building in the Web3 space.

    SecureDApp – Marketing Strategy

    The company has a humorous yet sarcastic series called #Outsmart, a weekly series that has its own take on Web3 developers and the blockchain community. The philosophy behind this initiative is that, ultimately, learning to take jokes about ourselves is essential to keep things on a lighter note.

    SecureDApp – Growth

    The current status of the company can be summarized as follows:

    • Userbase: Showing a remarkable 30% month-over-month growth, with over 175+ audits conducted so far.
    • NPS (Net Promoter Score): The NPS stands at around 8.5.
    • Notable Clients: Blits Estate and Filmarare.

    SecureDApp – Funding

    The company has been bootstrapped and funded through customers’ capital. It has relied on its own resources and customer contributions to support its operations and growth.

    SecureDApp – Key Tools and Software

    The company utilizes a range of key tools and software to operate efficiently. These include:

    SecureDApp – Startup Programs

    SecureDApp has benefited from a startup program by being incubated by CySeck, which is the Government of Karnataka’s cybersecurity initiative. This program has played a crucial role in supporting and nurturing the company.

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    SecureDApp – Awards and Achievements

    SecureDApp has received recognition and achieved notable milestones, including:

    • SecureDApp won the 1st prize in the 60-day Polkadot’s Bootcamp organized by Blockchained India.
    • SecureDApp has secured 2nd place among all the global competing DApps/ tools for on-chain verified reviews on the Smoothie platform for its product called Solidity Shield.

    SecureDApp – Competitors

    Some of the top competitors of SecureDApp are:

    • Hacken
    • CertiK
    • QuillAudits

    SecureDApp – Future Plans

    At SecureDApp, the company is committed to making Web3 safer for everyone. In the next 1-2 years, the plans include:

    • Expanding product offerings to include more comprehensive and innovative smart contract audit services.
    • Expanding the global reach to serve customers in all major Web3 markets.
    • Developing new Web3 security products and services to protect users from emerging threats.

    FAQs

    What does SecureDApp do?

    SecureDApp offers comprehensive blockchain security solutions and smart contract audits to secure your smart contracts and enhance overall blockchain security.

    Who are the founders of SecureDApp?

    Abhishek Singh and Himanshu Gautam are the founders of SecureDApp.

    What is SecureDApp’s Solidity Shield?

    SecureDApp’s flagship product, Solidity Shield, is an AI-powered tool designed to identify vulnerabilities within smart contracts, providing developers with a powerful solution to enhance the security and reliability of their blockchain projects.

    How has SecureDApp achieved its growth?

    SecureDApp achieved its growth by adopting a freemium model, initially offering the Solidity Shield Scanner for free. This strategy led to over 175 projects scanning their smart contracts using the Solidity Shield Scanner.

  • NB & Associates Secures Coveted Investment License from Abu Dhabi Global Market

    Dubai (UAE), October 30: NB & Associates Investments Co., Ltd. (NB&A), a dynamic and rapidly expanding private equity and investment banking firm, is thrilled to announce a significant milestone in its global expansion strategy.

    The company has been awarded a coveted investment license by the prestigious Abu Dhabi Global Market (ADGM). This newly granted Operating Holding Company license opens doors to a world of investment opportunities, allowing NB&A to establish, manage, and co-invest in Special Purpose Vehicles (SPVs) designed to harness the incredible incentives and offerings provided by the ADGM. These resources are readily available to local, regional, and international investors.

    This momentous occasion marks another step forward in NB&A’s mission to provide its investors with a globally recognized and dependable platform for investment and business activities.

    Mr. Niraj Bijlani, the esteemed Managing Partner of NB&A, expressed his gratitude, stating, “Another milestone has been achieved in our expansion strategy to offer our investors a globally recognized and trustworthy location for investing and doing business. I would thus like to take this opportunity to thank ADGM’s team for the speed in granting us this exceptional license and looking forward to further leverage on the United Arab Emirates’ investors friendly eco-system and its well-positioned infrastructures to capture the phenomenal growth of private equity investing across the East to West corridor.”

    NB&A looks forward to exploring new horizons and creating value for investors on a global scale, leveraging the resources and opportunities provided by the ADGM.

    ADGM, a renowned financial center, is celebrated for its investor-friendly environment and cutting-edge infrastructure, making it the ideal hub for NB&A to thrive and contribute to the burgeoning private equity sector.

    About NB & Associates (NBA)

    NB & Associates (NBA) is a leading international business consultancy firm known for providing expert guidance and comprehensive solutions to businesses worldwide. With a strong presence in the UAE and a global network of partners, NBA offers a wide range of services, including business setup, company formation, funds management investment banking advisory, and legal compliance. NBA is committed to facilitating business growth and helping clients achieve their entrepreneurial dreams.

    About ADGM

    ADGM is a preeminent international financial center strategically located in the United Arab Emirates. With its robust regulatory framework and pro-business environment, ADGM serves as a vital link between the Middle East, Africa, South Asia, and the world. It specializes in private banking, wealth management, asset management, and financial innovation. Its commitment to excellence and efficiency has made it a preferred destination for a diverse range of financial institutions, businesses, and investors worldwide.

    About Mr. Niraj Bijlani

    Mr. Niraj Bijlani is the visionary Managing Partner of NB & Associates Investments Co. L.L.C. Worked in UAE for the past 7 years, with 28 years of effective experience providing fiscal, strategic, and operational leadership along with highly engineered systems, which require a deep understanding of critical business drivers in multiple markets and industries. He has played a pivotal role in steering NB&A towards success. His leadership and strategic insights have been instrumental in the firm’s remarkable growth and achievements.

  • Coding Ninjas – Best Online Coding Courses in India

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

    Digital education was restricted to smartboards in classrooms until the SaaS or B2B segment came up. And with that came Coding Ninjas who changed the way education is perceived in India. Education is no longer just limited to classrooms. The company has been able to identify the importance of coding and programming and its way forward. Coding Ninjas was founded in 2016 and is one of the best best coding classes in India.

    Recently, Coding Ninjas partnered with Talent500 by ANSR to offer job opportunities to students and tech professionals with Fortune 500 companies. Read this article to know more about Coding Ninjas CEO, Funding, Revenue, Business Model, Courses, Company Profile, Growth and future plans.

    Coding Ninjas – Company Highlights

    Startup Name Coding Ninjas
    Headquarter New Delhi, India
    Sector Ed-tech
    Founders Ankush Singla (CEO), Kannu Mittal and Dhawal Parate
    Founded 2016
    Parent Organization Sunrise Mentors Private Limited
    Website codingninjas.com

    Coding Ninjas – About and How it Works
    Coding Ninjas – Founders and Team
    Coding Ninjas – Target Market Size
    How was Coding Ninjas Started?
    Coding Ninjas – USP and Innovation
    Coding Ninjas – Name, Tagline and Logo
    Coding Ninjas – Business Model and Revenue Model
    Coding Ninjas – Growth and Revenue
    Coding Ninjas – Product and Services
    Coding Ninjas – Funding and Investors
    Coding Ninjas – Partnership
    Coding Ninjas – Partners with Talent500 by ANSR

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    Coding Ninjas – About and How it Works

    Coding Ninjas was founded in 2016 to bridge the knowledge gap between colleges and Industry. Founded by Ankush Singla, Kannu Mittal, and Dhawal Parate, Coding Ninjas boasts of world-class teaching faculty and a state-of-art learning platform for Coding education. It teaches courses in Programming fundamentals as well as advanced courses such as Machine Learning, Data Science, Web Development, etc.

    The courses are completely online and are available in both English and Hindi languages. A student no longer has to be concerned about the quality of education while enrolling for an online course with the platform due to the quality and the extended placement facility it offers students. Coding Ninjas’ students are currently placed across all major technology and product companies throughout India and abroad.

    Coding Ninjas currently offers five courses in Advanced Programming and four courses for the Foundation segment along with six Ninja Career Tracks to students and professionals from across verticals in and outside India.

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    Coding Ninjas – Founders and Team

    Coding Ninjas was co-founded by Dhawal Parate, Kannu Mittal, and Ankush Singla.

    Founders of Coding Ninjas
    (L-R) Dhawal Parate, Kannu Mittal, and Ankush Singla

    Co-Founder at Coding Ninjas, Ankush Singla – He holds a bachelor’s degree in Computer Science from India’s most premier institute – IIT Delhi and a master’s degree in Computer Science from Stanford University. He is a coding enthusiast and has an avid experience in Machine Learning and Data Science and has previously worked with Amazon and Facebook (USA).

    Co-Founder at Coding Ninjas, Kannu Mittal – Having strong knowledge in the ATL & BTL marketing domains, he comes with over 10 years of experience in the education industry. He has previously served in the Directorial capacity for KCG Group of Institutions. He has a knack to understand the dynamics of traditional teaching methods and couple them with innovative methods.

    Co-Founder at Coding Ninjas, Dhawal Parate – He holds a bachelor’s degree in Mechanical Engineering from India’s most premier institute- IIT Delhi and is a Kellogg School of Management dropout (2014). He has an avid experience in Finance consulting, business advisory, Impact investment, evaluation of investment opportunities, alliances, and business development. In his last position, he served as the Director for Cars24.

    Coding Ninjas – Target Market Size

    Coding Ninjas aims at providing best-in-class quality skills and knowledge to college students and professionals who want to learn programming and reskill their existing skill set.

    How was Coding Ninjas Started?

    State of education is appalling in India and is not at par with the ongoing technological advancements. When Ankush Singla was hiring for Facebook in India, he realised that college students were unemployable due to the lack of appropriate skillset. That was the turning point for him, soon after he decided to do something about it. Given his domain expertise and his zeal to bring a revolution, he felt he is in the best position to do it.

    “Starting the discussion from a single room with a few trusted and talented students, to a family of 120+, the growth of Ninjas is only inevitable with the growing number of students from pan India associating with us every day”, says Coding Ninja co-founder Ankush Singla.

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    Coding Ninjas – USP and Innovation

    • Faculty: IIT, Stanford, IIIT’s, Facebook, and Amazon alumni to offer hands-on experience in programming to scale your learning journey.
    • Curriculum: Personalized course syllabus designed at par with the industry standards.
    • Teaching Assistants: Facility to Audio Call, Video Call, and Screen Share with your Teaching Assistants solving 1000+ real-time doubts every day.
    • Videos: Educative short course videos explaining the dynamics of coding.
    Introduction to Coding Ninjas’ Competitive Programming course
    • CodeZen: In-house practice platform with an inbuilt compiler (supporting C++, JAVA & Python) to practice without the hassle of installing a software.
    • Slack Groups: A chatroom to speak with your mentors, batch mates to solve, interact, and learn new ways to code.
    • Projects: Build web applications from music to healthcare as a part of your course curriculum.
    • Certification: Get awarded with a certificate after the completion of your programming course.
    • Internships: Enhancing your programming journey with relevant industry exposure.
    • Placements: Coding Ninjas’ Placement Cell has a pool of multinational companies like Facebook, Google, Amazon, Shuttl, and more.

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    Coding Ninjas Logo

    Coding Ninjas – Business Model and Revenue Model

    Students have to pay a fixed amount for Coding Ninjas courses. Introduced in 2019, Career Camp is a pay later business model by Coding Ninjas where students undergo rigorous six-month-long online training and pay a part of their salary to Coding Ninjas once they receive the job offer. Being a one-of-its-kind business model, Career Camp has the potential to disrupt the existing education market and bring large scale impact in improving India’s education system.

    Coding Ninjas – Growth and Revenue

    Coding Ninjas ecosystem comprises of 25,000+ students and alumni, 1000+ Campus ambassadors, 2000+ teaching assistants, and 80+ employees. Coding Ninjas revenue was $2 million in an organic bootstrapped model before it raised INR 37.18 Crore in a Series A funding from Info Edge Private Limited in February 2020.

    Key highlights:

    • 25000+ students taught since 2016, and currently, Coding Ninjas teach 1500+ students each month
    • The largest player in the college market with penetration across 1700+ colleges
    • One of the largest Campus Ambassador program across 700+ colleges
    • The most comprehensive doubt resolution system with more than 1000 Teaching Assistants, who are a part of the education process at Coding Ninjas, solving 1500+ doubts a day.

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    Financials

    Coding Ninjas Financials
    Coding Ninjas Financials

    Coding Ninja Financials FY22 FY23
    Operating Revenue Rs 27.96 crore Rs 58.9 crore
    Total Expenses Rs 46.66 crore Rs 95.78 crore
    Profit/Loss Loss of Rs 17 crore Loss of Rs 34.3 crore

    Expenses Breakdown

    Coding Ninjas total expenses rises from Rs 46.66 crore in  FY22 to Rs 95.78 crore in FY23.

    EBITDA

    The company’s financial performance showed improvement in FY23 as compared to FY22. As a expenses/Rs of Op Revenue dropped from  Rs 1.67 in FY22 to Rs 1.63 in FY23, the EBITDA margin improved from -58.35% in FY22 to -48.89% in FY23, and the Return on Capital Employed (ROCE) sharply jumped from -110.02% in FY22 to -49.98% in FY23. These numbers show increased operational efficiency and financial stability for the organization over this time.

    EBITDA FY22-FY23 FY22 FY23
    EBITDA Margin -58.35% -48.89%
    Expense/₹ of Op Revenue 1.67 1.63
    ROCE -110.02% -49.98%

    Coding Ninjas – Product and Services

    Coding Ninjas Junior

    The Prodigy Program, a ground-breaking enrichment education project, was introduced by Coding Ninja in 2020, with Microsoft MakeCode serving as its inaugural partner.

    Prodigy Program

    The Prodigy Program, a ground-breaking enrichment education project, was introduced by Coding Ninja on August 21, 2023, with Microsoft MakeCode serving as its inaugural partner.

    Coding Ninjas – Funding and Investors

    The Coding Ninjas funding has not been vast but they have raised INR 37.18 Crore in a Series A funding from Info Edge Private Limited in February 2020.

    Date Stage Amount Investors
    February 2020 Series A $5.2 million Info Edge Private Limited

    The raised funds will help Coding Ninjas scale the online tech education business of the company, strengthen the tech and content and help expand into new business territories. The investment will also be used for scaling its new offering Career Camp – which is an Income Sharing based payment model.

    Coding Ninjas – Partnership

    Absorb

    Absorb Software and Code Ninjas have partnered on August, 20, 2021 to provide improved assistance for Code Ninjas franchisees. The integration of textual materials and videos into training was made possible by Absorb Software, which benefited hundreds of Code Ninjas sites across the US, Canada, and UK.

    Microsoft MakeCode

    Coding Ninjas and Microsoft MakeCode, an online resource that provides fun and innovative tools for teaching computer programming concepts, have partnered in December 2022, striving to give kids and teenagers outstanding opportunities to learn computing through a range of activities at their own pace.

    Samsung Canada

    Samsung Canada partnered with Code Ninjas on June, 1, 2023 to offer youth coding workshops around the Greater Toronto Area.

    Coding Ninjas – Partners with Talent500 by ANSR

    Coding Ninjas partners with Talent500 by ANSR to create employment opportunities in the technology domain

    Talent500 by ANSR, the exclusive talent acquisition partner for Fortune 500 companies in India, has announced its partnership with Coding Ninjas, India’s premier Ed-tech platform offering courses in Technology and skilling, to create employment opportunities for aspiring engineers and tech professionals. The strategic partnership intends to offer placement opportunities to students and tech professionals with leading tech companies.

    All successful and qualified graduates from Coding Ninjas will have the opportunity to apply for exclusive opportunities on Talent500. Talent500’s proprietary AI-based algorithms then match candidates’ profiles to job requirements and select the ones that are the best fit for the role.

    Speaking on the association, Ankush Singla, Co-Founder, Coding Ninjas said, “We are excited to onboard ANSR Cooperation as our Hiring Partners. The collaboration will help us identify the right opportunities based on geography with a strong distribution of our services in the corporate sector. Together we hope to bridge the skill gap between the leading MNCs and also scale the hiring process for students in the IT and technology companies.”

    Addressing the collaboration, Vikram Ahuja, Co-Founder, Talent500, said, “Coding Ninjas has continued to be among the foremost platforms for upskilling and growth. We look forward to partnering with them to bring some of the best opportunities from Fortune 500 companies and global industry leaders to India’s brightest, tech minds, and help increase access to opportunity for talent across the country.”

    As part of this partnership, Coding Ninjas with the help of Talent500’ AI-led approach to recruiting and exclusive access to some of the most aspirational companies in the world, will create an unparalleled talent pool of some of the best tech aspirants for Fortune 500 companies.

    Coding Ninjas – FAQs

    Who is the CEO of Coding Ninjas?

    Ankush Singla is the Co-founder & CEO of Coding Ninjas. He is a coding enthusiast and has an avid experience in Machine Learning and Data Science and has previously worked with Amazon and Facebook (USA).

    Does Coding Ninjas provide placement?

    Yes. Coding Ninjas supports candidate to get placement by connecting them with HRs and lets them showcase their skills and resume. Apart from this, it also prepares one to give interviews.

    Is Coding Ninjas free?

    You can Start Learning for free and get access to 10+ expert led courses for free. Later, Students have to pay a fixed amount for Coding Ninjas courses.

    How much is the operating revenue of Coding Ninjas?

    Coding Ninjas attained annual operating revenue of Rs 58.9 crore in FY23.

    What is Coding Ninjas net worth?

    The net worth of Coding Ninjas is currently unknown.

  • Durgapreneur 2023: Uniting Entrepreneurship and Tradition in Kolkata

    Durgapreneur 2023, a unique blend of tradition and entrepreneurship, concluded its three-day extravaganza in Kolkata, West Bengal, coinciding with the vibrant spirit of Durga Puja. The event witnessed a convergence of 62 investors and 59 innovative entrepreneurs, marking a remarkable total deal count of 27 and highlighting Kolkata’s rich cultural heritage and emerging entrepreneurial ecosystem.​​​​​​

    Kolkata (West Bengal) [India], October 28: Durgapreneur, a flagship event celebrating entrepreneurship, innovation, and business acumen, has wrapped up its three-day extravaganza in the heart of Kolkata, West Bengal. With the spirit of Durga Puja permeating the atmosphere, this year’s event was truly unique, blending tradition with entrepreneurial excellence.

    This edition of Durgapreneur, held from October 21st, 2023, to October 23rd, 2023,, witnessed an unprecedented convergence of business minds and investors, truly exemplifying the entrepreneurial spirit of the City of Joy.

    A remarkable 62 unique investors were in attendance, eager to explore promising ventures, while 59 ambitious entrepreneurs presented their innovative pitches.

    Key Highlights of Durgapreneur 2023:

    1. Innovation Meets Tradition: Durgapreneur was strategically timed to coincide with the grandeur of Durga Puja, with elements of the festival incorporated into the event, reminding attendees of Kolkata’s rich cultural heritage.
    2. Digital Transformation: In recognition of the changing times, 14 digital pitches showcased groundbreaking ideas, aligning with Kolkata’s reputation as a hub of technological innovation.
    3. Physical and Virtual Integration: Durgapreneur bridged the physical and digital worlds with 57 product demos shared through virtual deal flow explainers and physical exhibits, a testament to Kolkata’s forward-thinking approach.
    4. Changemaker Deals: Four impactful changemaker deals, facilitated by CSR and equity funds, will be disclosed by November 3rd, underlining the event’s commitment to social responsibility and sustainable development.
    5. Innovator Deals: Over nine exciting innovator deals have been inked with VC and micro VC / Angel syndicate partners, with details set to be unveiled in the coming week, showcasing Kolkata’s emerging entrepreneurial ecosystem.
    6. Total Deal Count: Durgapreneur 2023 achieved a remarkable total deal count of 27, a testament to its effectiveness as a platform for connecting investors with innovative startups.

    Neiharika Rajiv, co-founder of GI Ventures, stated, “The spirit of entrepreneurship is very much there in West Bengal and the women are surely a big part in it. It was always there, just that Durgapreneur has given it a good voice and a much more convenient platform for the investing Community to come together in support.”

    Vijetha Shastry, Associate Director Standard Chartered Bank, also added, “During Durga Puja, what really matters is people in the state are all out there enjoying food, enjoying life and in turn contributing to the economy while they do that. That is the growth story of India as well as Kolkata- the people want to grow, they want to lead better lives, and they want to make money. The founders here have a brilliant understanding of Direct2Consumer, their needs, and the gaps they can fill in the demand chain. We’re inspired to assist them in achieving what they’ve set out to do.”

    Aaquib Hussain, Founder of FreeFlow Ventures, brought a perfect close to a grand 3-day extravaganza with, “Durgapreneur is a modern lens. It’s an ability from our end to say that everything that is so traditional and beautiful in India is convertible so seamlessly to a modern business-oriented scenario. And the Durga Puja is the perfect embodiment of it all. We’ve turned it around via the lens of the modern Durga- the modern Changemakers, the modern Innovators, the modern Entrepreneurs who strongly believe that there’s a change to be made and they can make it.”

    The integration of Durga Puja elements within Durgapreneur not only highlighted Kolkata’s cultural richness but also emphasized the deep-rooted connections between tradition and innovation in the city.

    Durgapreneur 2023
    Durgapreneur 2023

    Durgapreneur would like to express gratitude to NTS (Newtown Sarbojanin), Team Taurus, Invest India, Air Arabia, NITI Aayog, GeM, Aspire For Her, We Hub, wonder of Women, Startup India, and all its major ecosystem partners, investment syndicates, community sponsors, and the dedicated team for making this event a grand success. As we close this chapter, we eagerly await Durgapreneur 2024, where we will continue to celebrate Kolkata’s entrepreneurial heritage and its exciting future.

    About Durgapreneur

    Durgapreneur is an annual entrepreneurship event that bridges tradition and innovation, showcasing the best of Kolkata’s entrepreneurial ecosystem. It brings together investors, changemakers, and innovators, fostering growth, collaboration, and a commitment to social responsibility.

  • Electric Vehicle Incentives and Subsidies: A Global Comparison

    This article has been contributed by Rohit Vadera, CEO, PURE EV.

    Global electric vehicle (EV) markets today differ widely, shaped by different levels of policy support, corporate activity, consumer preference and awareness, driving patterns, and cultural specificities. The success of EVs is being driven by multiple factors. Sustained policy support is the main pillar. Public spending on subsidies and incentives for EVs nearly doubled in 2021 to nearly USD 30 billion.

    A growing number of countries have pledged to phase out internal combustion engines or have significant vehicle electrification targets for the coming decades. The role of policy has been particularly significant in steering corporate strategy towards electrification and enabling consumer uptake.

    Global Expansion of Incentives and Subsidies
    EV Adaptation and Supply Chains
    Incensing Demand for Light-Duty Vehicles
    Purchase Incentives
    Charging Infrastructure Incentives
    Economically Effective Strategies/Subsidies for Consumers

    Global Expansion of Incentives and Subsidies

    In today’s major EV markets, including China, Europe, and the United States, early adoption was jump-started in many cases by policies to spur demand, such as vehicle purchase incentives. Direct incentives for carmakers were also used in China. Many of these countries and regions are now seeing EV markets maturing, for which sales shares are increasing rapidly. More developed markets, such as China and several European countries, are now progressively decreasing or phasing out incentive schemes for electric cars and shifting focus towards other segments, such as heavy transport and charging.

    EV Adaptation and Supply Chains

    Some global leaders in major markets have further increased their targets for EV adoption and are working to address other parts of EV supply chains, such as through policy support for vehicle and battery manufacturing and critical mineral supply chains. Many other countries outside the major markets have also started introducing policies to support EV adoption in recent years, for the first time in some cases.

    Policies are also shifting towards electric vehicle supply equipment (EVSE), or charging, and currently, almost 80% of global EV sales (LDV and HDV) are covered by EVSE-related policy. Countries are increasingly dedicating funds to EVSE deployment, acknowledging that a lack of charging infrastructure can be a critical barrier to EV adoption.

    Incensing Demand for Light-Duty Vehicles

    As in recent years, most policies supporting EVs target the electric light-duty vehicle (LDV) segment, for which market maturity is most advanced and vehicle availability is greatest. In 2022, more than 90% of global sales of LDVs were covered by the policy that encourages EV uptake. Typical policies include fuel economy and pollutant standards; zero-emission vehicle mandates; economic and budgetary regulation for fuels and vehicles, such as through fiscal regimes and taxation; purchase incentives and subsidies; and bans on internal combustion engine (ICE)-only vehicles.

    Purchase Incentives

    Many countries offer direct financial incentives to reduce the upfront cost of purchasing an electric vehicle. These incentives may include tax credits, rebates, grants, or discounts on the purchase price. The amount varies widely and may be influenced by factors such as the EV’s battery size, range, or purchase price.

    Charging Infrastructure Incentives

    Many countries invest in building a robust EV charging infrastructure by offering subsidies or grants to businesses and local governments that install charging stations. This helps alleviate “range anxiety” for potential EV buyers. Examples include, in Norway, the funding of EV charging points every 50km on the major roads. In Germany, some banks offer EV incentives of 10–30% for the installation of wall box chargers.

    Economically Effective Strategies/Subsidies for Consumers

    Understanding the diverse ways in which households consume energy is another key step in designing effective subsidy policies for a sustainable commute.

    The findings could be helpful for implementing energy efficiency subsidy programs that target low-income households. For instance, they might be used to identify appliances low-income households are more likely to purchase as their economic situations improve. Policymakers can then develop subsidies to boost access to more energy-efficient options. Such policies would help these households sustain their economic gains while also supporting energy efficiency goals and cheaper commuting options.

    Lucrative incentives and supportive policies are bolstering the growth of EV adoption worldwide. India recently launched FAME II to catapult EV adoption in India. Similarly, Europe and other developed countries have rolled out incentives and subsidies for EV purchases, manufacturing, and charging infrastructure. Subsidies on road tax and loans to purchase an EV are attracting consumers to adopt EVs. Government support through favorable policies supporting EVs has increased demand for EVs.

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  • Dr. Reddy’s Laboratories Success Story | How Does This Pharma Company Plans to Lead the Indian Market?

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

    To talk about pharma and medicines in today’s times, the industry is considered one of the most booming industries. These industries have offered a prevalence of contributions to the world of medicine. Medicines and drug usage has been there since immemorial, but the process of manufacturing has changed drastically.

    These industries have a lengthy process and go through various stages such as design, formulation, fabrication, withdrawal, dispensation, distillation, and a lot of other things needed for the production of chemical substances.

    Dr. Reddy’s Laboratories is dedicated to offering innovative, cost-effective medications for healthier living in the most integrated manner possible. It offers a variety of goods and services, such as APIs, specialised pharmaceutical services, generics, biosimilars, and unique formulations, through its three businesses, Pharmaceutical Services and Active Ingredients, Global Generics, and Proprietary Products.

    Let’s dig more into Dr. Reddy Laboratories’ founders, business model, revenue, acquisitions, growth, and more in this article.

    Dr. Reddy’s Laboratories – Company Highlights

    Headquarters Hyderabad, India
    Sector Pharmaceutical Manufacturing
    Founder Dr. Kallam Anji Reddy
    Founded 1984
    Website drreddys.com

    Dr. Reddy’s Laboratories – About
    Dr. Reddy’s Laboratories – Industry
    Dr. Reddy’s Laboratories – Founder
    Dr. Reddy’s Laboratories – Startup Story and Growth
    Dr. Reddy’s Laboratories – Mission and Vision
    Dr. Reddy’s Laboratories – Name, Logo, and Tagline
    Dr. Reddy’s Laboratories – Business Model
    Dr. Reddy’s Laboratories – Revenue
    Dr. Reddy’s Laboratories – Products and Services
    Dr. Reddy’s Laboratories – Funding
    Dr.Reddy’s Laboratories – Investments
    Dr. Reddy’s Laboratories – Challenges Faced
    Dr.Reddy’s Laboratories – Partnership
    Dr. Reddy’s Laboratories – Shareholders
    Dr. Reddy’s Laboratories – Mergers and Acquisitions
    Dr. Reddy’s Laboratories – Awards and Achievements
    Dr. Reddy’s Laboratories – Future Plans

    Dr. Reddy’s Laboratories – About

    This pharma manufacturing company was founded in 1984 by Dr. Kallam Anji Reddy. The company initially started as a supplier for Indian drug manufacturers but shortly diversified its operations to export to other less-regulated markets. The company took advantage to get approval from other drug licensing companies like the U.S Food and Drug Administration (FDA), which resulted in huge profits that led to their formulations and setting up bulk drug manufacturing factories in advanced places.

    Dr. Reddy’s main therapeutic interventions are in the areas of dermatology, cancer, diabetology, gastroenterology, oncology, and pain management. It has markets all over the world like in the USA, India, Russia & CIS countries, and Europe. The company has 21 manufacturing facilities spread over 66 countries.

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    Dr. Reddy’s Laboratories – Industry

    India is one of the top 10 exporters of pharmaceuticals. It supplies 50% of vaccines in the global market, 40% of generic demand in the US, and 25% of all medicine in the UK.

    As per a Pharmaceuticals industry report, India’s domestic pharmaceutical market was at $42 billion in 2021. It is predicted to reach $65 billion by 2024, and $120-130 billion by 2030.

    Dr. Reddy’s Laboratories is known for manufacturing and marketing a wide range of pharmaceuticals in India and overseas

    Dr. Reddy’s Laboratories – Founder

    Dr. Kallam Anji Reddy is the founder of Dr. Reddy’s Laboratories.

    Dr. Kallam Anji Reddy - Founder of Dr. Reddy's Laboratories
    Dr. Kallam Anji Reddy – Founder of Dr. Reddy’s Laboratories

    Dr. Kallam Anji Reddy

    Dr. K Anji Reddy was born in 1941 to a modest but prosperous farming family in the Andhra Pradesh hamlet of Tadepalli. His inspiration goes to his father as he grew up watching him make herbal pills and distributed them without charging any penny to the needy ones.

    Dr. Anji Reddy completed his schooling at Anapothana Zilla Parishath High School Nutakki. He got his degree in B.Sc. (Tech) from the University Department of Chemical Technology, Mumbai. Soon after graduation, he got his PhD in Chemical Engineering from the National Chemical Laboratory, Pune. After that, he spent six years working for the government-owned Indian Drugs and Pharmaceuticals Ltd (IDPL). This exposure to working at the IDPL fueled his desire to start his own business.

    Dr. Kallam Anji Reddy quotes, “It was a dream. It was not a plan on the drawing board, no. But it was a dream.”

    For his contributions to the Indian pharmaceutical industry, the Indian Government honoured him with the Padma Shri in 2001 and the Padma Bhushan in 2011. He was also a representative on the Trade and Industry Council for the Indian Prime Minister.

    Dr. Kallam Anji Reddy suffered from cancer and lost the battle on 15 March 2013. He died at the Apollo Hospital, Hyderabad. At present, the company is run by his son, Satish Reddy and son-in-law, G.V. Prasad.

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    Dr. Reddy’s Laboratories – Startup Story and Growth

    Soon after the construction of its manufacturing plant at Bollaram, the company commenced its business in 1985. In one year, Dr. Reddy’s Laboratories got listed on the Bombay Stock Exchange and entered the international market during this year with the export of the API Methyldopa.

    The company started its first manufacturing of Omeprazole in 1991, which is considered to be the best product worldwide soon after, they entered the Russian market, their first-ever international exposure.

    In the late 1990s, Dr. Reddy’s Laboratories US generics market established its offices in New Jersey. Besides their international establishment, the company started manufacturing Biologics to give Indian consumers a taste of high–cost medicines at reasonable prices.

    The company introduced the first generic medicine, “Ibuprofen” under its brand in the US in 2008 after experiencing significant growth in the Indian market.

    In 2005, Dr. Reddy’s Lab developed India’s first drug for the treatment of diabetic foot ulcers.

    To touching a revenue of $1 billion in the mid-2000s, the company made several drugs like antibody biosimilar monoclonal antibodies to treat certain autoimmune diseases to entering into Colombia with a portfolio of high-quality and affordable medicines for cancer patients in 2016, the company has come a long way.

    In 2020, to combat Covid-19, Dr. Reddy’s Laboratories made several partnerships from all over the world to bring an innovative therapeutic approach to India. They came up with its first generic Otic suspension product in the U.S.

    Last year, the company collaborated with Eli Lilly to export Baricitinib to India. They also collaborated with Merck to provide Molnupiravir to COVID-19 patients everywhere.

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    Dr. Reddy’s Laboratories – Mission and Vision

    The vision of Dr. Reddy’s Laboratories is to live by seven core values, which they give a lot of importance to it. The seven values are:

    • Sustainability
    • Integrity and transparency
    • Safety
    • Quality
    • Collaboration and teamwork
    • Productivity
    • Respect for the individual

    Dr. Reddy’s Laboratories – Name, Logo, and Tagline

    Dr. Reddy's Laboratories - Logo and Tagline
    Dr. Reddy’s Laboratories – Logo and Tagline

    Since it was the dream of Dr. K Anji Reddy to create affordable medicine for every class of people, he started the company with his surname, Dr. Reddy’s Laboratories. The company works with the tagline, “Good Health Can’t Wait.”

    Dr. Reddy’s Laboratories – Business Model

    Dr. Reddy’s Laboratories’ business model is mostly about research and development, end-to-end production, and cutting-edge digital technology to fulfil its commitments to patients all around the world. Their business model is successful as they produce drugs in bulk size and have in-house R&D centres.

    They do business by providing the following services:

    • India Branded Generics – By developing medicines for acute and chronic diseases, and establishing speciality care, institutional/hospital business, OTC, and eCommerce.
    • North America Generics – By having establishments in New Jersey, and Canada to offer their affordable healthcare to the world.
    • Emerging Markets Branded Generics – They have their services in Southeast Asian countries. The company provides medicines – the Association of Southeast Asian Nations (ASEAN), Africa, Australia, and New Zealand; CIS and Romania; China; Latin America and Russia.
    • Europe Generics – The company also offers its services to give access to affordable and innovative medicines in Europe as well. They have a presence in France, Germany, Italy, Netherlands, Spain, Ukraine, and United Kingdom.
    • Active Pharmaceutical Ingredients (APIs) – They manufacture bulk drugs or active pharmaceutical ingredients (APIs), which remain a cornerstone of the company.
    • Biologics – The company generates and markets a variety of immunology and oncology-related biosimilar medicines. This is the most integrated part of the company.
    • Aurigene Pharmaceutical Services – With scale-up and commercial manufacturing facilities in India, the UK, Mexico, and the US, Dr. Reddy’s Aurigene Pharmaceutical services provide discovery and development services at top-notch facilities in India.

    Dr. Reddy’s Laboratories – Revenue

    Dr. Reddy's Laboratories Revenue from FY2015 to FY2022 (Revenue in billion INR)
    Dr. Reddy’s Laboratories Revenue from FY2015 to FY2022 (Revenue in billion INR)

    The company mostly gets 45% earnings from North America Generics, then 18% from India, 19% from Russia, 12% from Europe, and 6% from the rest of the world.

    The company has generated $74.9 billion from NAG, $16.6 billion from Europe, $45.7 billion from emerging markets, and $42 billion from India in FY22.

    Dr. Reddy’s Laboratories recorded a revenue of $2.83 billion for FY22 which was an 8.94% increase from $2.59 billion in FY2021.

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    Dr. Reddy’s Laboratories – Products and Services

    Hyperinjection in US

    Dr. Reddy’s Laboratories launched Hyperinjection in US. The announcement of the company’s joint launch of Treprostinil injection in the US market with its subsidiaries came in April of 2023.

    Gummies

    CeleHealth Kidz Immuno Plus Gummies were introduced to the Indian market in July, 2023  by Dr. Reddy’s Laboratories. The product attempts to meet the dietary needs related to the increasing worries about kid immunity in India.

    Celevida wellness

    Dr. Reddy’s Laboratories Ltd. stated that Svaas Wellness Limited, a wholly-owned subsidiary, has launched “Celevida Wellness,” the company’s first direct-to-consumer (D2C) e-commerce website for diabetic patients on October, 26, 2023.

    Dr. Reddy’s Laboratories – Funding

    Company has raised $6 million in two funding rounds.

    Date Funding Round Amount
    Oct 3, 2022 Post-IPO Equity –
    Dec 1, 2001 Post-IPO Equity $6M

    Dr.Reddy’s Laboratories – Investments

    Dr.Reddy’s Laboratories has Invested in one company to date:

    Date Funding Round Company Name Amount
    Sep 30, 2005 Series A Perlecan Pharma $52.5M

    Dr. Reddy’s Laboratories – Challenges Faced

    The manufacturing business is the toughest business to operate especially in medicine and drugs. Dr. Reddy’s Laboratories have had faced challenges in its journey. There were a few controversies in which the company was caught up. The company had quality problems in its Mexico unit and a few fatal accidents.

    Recently, the company announced a 76% year-over-year (YoY) decline in profit after tax (PAT) to Rs 88 crore in Q4FY22 due to pricing pressure in North America and Europe, decreased export benefits, and a rise in inventory reserves.

    Dr.Reddy’s Laboratories – Partnership

    Shanghai Junshi Biosciences Co., Ltd

    Dr. Reddy’s Laboratories and Shanghai Junshi Biosciences Co., Ltd. has partnershiped on Augut, 5, 2023 to develop and market toripalimab, the anti-PD-1 monoclonal antibody, in South Africa, India, Latin America, and, upon Dr. Reddy’s election, Australia, New Zealand, and other nations.

    Amazon Web Services

    Amazon Web Services (AWS) has revealed that Dr Reddy’s Laboratories Limited (Dr Reddy’s), has partnershiped with AWS on July, 10, 2023 as its preferred cloud provider in order to facilitate the provision of new and reasonably priced medicines.

    Theranica

    Theranica, an Israeli digital therapeutics firm, has signed a strategic partnership and supply deal with Dr. Reddy’s Laboratories Ltd. for the exclusive marketing and distribution of its FDA-approved Nerivio in India.

    Dr. Reddy’s Laboratories – Shareholders

    The company has several shareholders. The following are the shareholders who hold 1% or more of the equity shares as of March 2022:

    Name Number of Shares %
    Dr. Reddy’s Holdings Limited 41,325,300 24.83
    Life Insurance Corporation of India 8,769,499 5.27
    SBI-ETF Sensex 4,245,926 2.55
    Aditya Birla SunLife Trustee Private Limited 3,631,279 2.17
    First Sentier Investors ICVC-Stewart Investors 3,500,511 2.1
    ICICI Prudential Value Discovery Fund 3,224,070 1.92
    Government of Singapore 3,004,517 1.81
    ICICI Prudential Life Insurance Company Limited 2,743,177 1.64
    NPS Trust and their associates 2,488,266 1.48
    UTI-Mastershare Unit 1,991,477 1.19
    HDFC Trustee Company 1,700,213 1.02
    Government Pension Fund Global 1,677,349 1.01
    Mirae Asset Tax Saver Fund and their associates 1,668,396 1

    Dr. Reddy’s Laboratories – Mergers and Acquisitions

    The company has made 6 acquisitions till now and is also open for M&A and is waiting for the right opportunity. The acquisitions are:

    Acquiree Name Date Amount
    Nimbus Health February 4,2022 Undisclosed
    Betapharm Arzneimittel GmbH March 3, 2006 $570 million
    American Remedies November 26, 1999 $90 million
    BMS Laboratories Limited March 12, 2002 Undisclosed
    Imperial Credit Pvt. Ltd. March 3, 2017 $20 million
    Trigenesis Therapeutics May 7, 2004 $11 million

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    Dr. Reddy’s Laboratories – Awards and Achievements

    The company has got several awards for its performance in the pharmaceutical industry. Below is the list of awards won by Dr. Reddy’s Laboratories:

    • Top Employers Institute – recognised as Top Employer in South Africa
    • Sustainability 4.0 Awards 2022 – Sustainable Corporate of the Year award
    • Dow Jones Sustainability Index 2021 – Among top 10 leaders globally; featured for 6th year in a row in the Emerging Markets category
    • Member of the Sustainability Yearbook 2022
    • Bloomberg Gender-Equality Index 2022 – the only Indian pharma company in the index
    • CII SCALE Award 2021 – for excellence in logistics and supply chain for the 7th consecutive year
    • CII Industrial Innovation Awards 2021
    • Global Generics & Biosimilars Awards 2021
    • United Nations Women’s Empowerment Principles Awards – 2nd runner-up in the Gender Inclusive Workplace category in Asia-Pacific
    • Indo-American Chamber of Commerce 2021
    • Economic Times – Futurescape 8th Sustainability Index Report 2021
    • Dr. Reddy’s Columbia – Great Place to Work in 2021

    Dr. Reddy’s Laboratories – Future Plans

    The company is aiming to be among the top 5 drug maker companies in the domestic market by planning mergers and acquisitions to up its game.

    The co-chairman and managing director of Dr. Reddy’s Laboratories, GV Prasad said in an interview, “Getting into the top 5 is our aspiration. On an organic curve, you can’t reach there (top five). We are open for M&A but for the right price and buttressed by organic execution. We have to pull all the levers”.

    FAQs

    When was Dr. Reddy’s Laboratories founded?

    Dr. Reddy’s Laboratories was founded in the year 1984 and is headquartered in Hyderabad.

    Who is the founder of Dr. Reddy’s Laboratories?

    Dr. Kallam Anji Reddy is the founder of Dr. Reddy’s Laboratories.

    What was Dr. Reddy’s revenue in 2022?

    Dr. Reddy’s Laboratories recorded revenue of 2.8 billion USD in FY2022.

    What was Dr. Reddy’s Laboratories’ recent acquisition?

    Dr. Reddy’s Laboratories’ most recently acquired Germany-based Nimbus Health GmbH. The company announced the agreement of acquisition in February 2022.

    Which pharma company is at the top in India?

    Top pharma companies in India are:

    • Dr. Reddy’s Laboratories
    • Divi’s Laboratories
    • Sun Pharmaceutical Industries
    • Biocon
    • Torrent Pharmaceuticals
    • Alkem Laboratories
    • Glenmark Pharmaceuticals.
    • Piramal Enterprises Ltd.
    • Emcure Pharmaceuticals
    • Zydus Lifesciences Limited (formerly Cadila Healthcare)

  • Banker to Self-Made Billionaire: Falguni Nayar’s Remarkable Journey

    Today, if we require any cosmetic product at our doorstep that is assured of its quality and also comes with a discounted price, the first name that comes to our mind is Nykaa.

    Thanks to Falguni Nayar, the visionary entrepreneur and the mastermind behind Nykaa, who made cosmetic shopping so convenient & reliable for customers.

    Falguni Nayar is one of the most remarkable success stories in the beauty and cosmetics industry. With a career that transitioned from the world of finance to the realm of beauty, she proved that it’s never too late.

    In this article, let’s go through Falguni Nayar’s journey from the boardroom to the beauty counter, which is an inspiring tale of perseverance and vision.

    Falguni Nayar – Biography

    Name Falguni Nayar
    Birthplace Mumbai, India
    Born February 19, 1963
    Nationality Indian
    Education Master of Business Administration, Indian Institute of Ahmedabad
    Position Founder and CEO, Nykaa
    Net worth $2.6 billion
    Spouse Sanjay Nayar

    Falguni Nayar – Early Life
    Falguni Nayar – Career
    Falguni Nayar – Personal Life
    Falguni Nayar – Nykaa
    Nykaa – IPO
    Falguni’s Support for Women
    Falguni Nayar – Awards and Recognitions

    Falguni Nayar – Early Life

    Falguni Nayar was born in a Gujarati family in Mumbai in 1963. Her father was a businessman and ran a small bearings company. Her mother assisted her father in their business.

    Her early life laid the foundation for her remarkable journey as an entrepreneur. Born and raised in Mumbai, she went to Sydenham College of Commerce and Economics for her graduation between 1980-1983 and finished her Bachelor’s degree in Commerce (B.Com).

    After completing her undergraduate studies, she continued to pursue excellence in the field of finance between 1983 and 1985 by enrolling in the Indian Institute of Management, Ahmedabad (IIM-A), one of India’s most renowned business schools.

    At IIM-A, she obtained her Master of Business Administration (MBA) degree, further enhancing her analytical skills and business acumen.

    This educational experience at IIM-A played a pivotal role in shaping her career path and equipping her with the knowledge and skills that would prove invaluable as she embarked on her entrepreneurial journey, years later, with Nykaa.

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    Falguni Nayar – Career

    Post her graduation, she joined A.F. Ferguson & Co. where she worked as a manager for around eight years. In 1993, Nayar left her position at A. F. Ferguson & Co. and joined Kotak Mahindra Group. She started out as the mergers and acquisitions (M&A) team head at Kotak Mahindra before opening institutional equities operations in London and New York City.

    In 2001, she came back to India. She was appointed the managing director of the investment banking division of Kotak Mahindra Capital and director of the institutional equity division of Kotak Securities in 2005.

    In 2012, she left her position and started Nykaa, at the age of 50, with $2 million of her own funds. By 2021, Nykaa’s value had increased to $2.3 billion and by 2023 her net worth had risen to $2.6B.

    Nayar is one of the two self-made female billionaires in India, along with Kiran Mazumdar-Shaw, founder of Biocon Limited.

    While talking about her career, she says,

    “I am not a person who has strong emotions. I see everything in terms of facts and figures. So, I was only concerned about work and targets. There has never been space for anything else in my career.”

    Falguni Nayar – Personal Life

    Falguni Nayar lives in Mumbai. She has been married to Sanjay Nayar since 1987, whom she met in the business school. The couple has two children, Adwaita Nayar and Anchit Nayar. Adwaita serves as the CEO of Nykaa Fashion & Anchit heads the retail and e-commerce divisions.

    Strongly relying on facts and figures, Falguni is a big fan of numbers which play a major role in her way of working.

    However, the numbers on social media don’t interest her much. She is not a very active person on social media. When asked the reason, she says in an interview,

    “I don’t know. I think there is enough to gain on social media also. I am who I am and I can’t change myself. I think being active on social media has a huge amount of time and effort….”

    Falguni Nayar – Nykaa

    Falguni Nayar, while nearing her 50s, decided to quit her job & start Nykaa which means “one in the spotlight,”. She created Nykaa in 2012 intending to serve as a one-stop shop for all beauty and wellness requirements.

    Since its launch, Nykaa has rapidly expanded to rank among India’s top online merchants of cosmetics, skincare, haircare, and personal care items.

    Revenue of Nykaa from Financial Year 2018 to 2022
    Revenue of Nykaa from Financial Year 2018 to 2022

    Along with offering products for sale, Nykaa’s website also contains virtual try-on options and beauty tutorials. Nykaa has also established a physical presence, with shops located in several cities across India. These shops give a variety of beauty services as well as the chance for customers to try products before buying them.

    In October 2020, the company entered a new avenue launching Nykaa Man, India’s first multi-brand e-commerce store for men’s grooming. Further, the company expanded into fashion by launching Nykaa Design Studio, which was renamed Nykaa Fashion.

    Nykaa – IPO

    On November 10, 2021, Nykaa went public with a valuation of $13 billion. Nayar’s net worth increased to $6.5 billion shortly after Nykaa went public, making her the richest self-made woman in India and propelling her into the top 20 Indians by net worth.

    From its beginnings to its global prominence, Nykaa stands as a testament to the ever-evolving landscape of cosmetics.

    Falguni’s Support for Women

    Falguni Nayar, being a self-made female billionaire, is someone who supports women and encourages them to be independent and committed to taking up responsibilities.

    In an interview, she says,

    “We hire a lot of women in our organization. I always encourage women to be committed to their work and take on more responsibility. Often, what is lacking in women is commitment. When I see them committed, I try to provide them much-needed support. In fact, our largest category — skincare — is handled by a woman,” she says.

    Falguni Nayar – Awards and Recognitions

    Here are some prominent awards and recognitions for Falguni:

    • Nayar was enlisted on the Forbes India Rich List in 2022 at position 44
    • She has received many accolades including the FICCI Ladies Organization (FLO) award for the top woman achiever in the field of banking and the Business Today Award
    • She was a Founding Member of the Asia Society in India
    • She is a member of several boards, including the Aviva Insurance Board, Dabur India, and also serves as an Independent Member of the Tata Motors Board

    Meet Nykaa’s Falguni Nayar: Track Her Journey As An Entrepreneur At 49 To Billionaire At 58

    FAQs

    Who is Falguni Nayar?

    Falguni Nayar is the founder and CEO of Nykaa, an Indian lifestyle retail brand of beauty, wellness, and fashion products.

    What is the net worth of Falguni Nayar?

    The net worth of Falguni Nayar is $2.6 billion (2023).

    Who is the CEO of Nykaa Fashion?

    Adwaita Nayar, daughter of Falguni Nayar is the CEO of Nykaa Fashion.

  • Top YouTubers of India

    In 2025, the world of YouTube continues to expand rapidly in India, with an increasing number of creators producing quality content across a wide range of topics. From comedy and music to education and technology, Indian YouTubers have established a strong foothold in the global market, with many of them attracting millions of subscribers and views. As of January 2023, India had an immensely large YouTube audience, boasting around 467 million users, making it the country with the highest number of YouTube users.

    In this article, let’s take a look at the top Indian YouTubers of 2023 who have made a significant impact in the industry and gained a loyal fan base.

    Top YouTubers in India

    CarryMinati (Ajey Nagar)
    Total Gaming (Ajay)
    Techno Gamerz (Ujjwal Chaurasia)
    Mr. Indian Hacker (Dilraj Singh Rawat)
    Round2Hell (Wasim, Nazim, Zayn)
    Ashish Chanchlani
    Sandeep Maheshwari
    Bhuvan Bam
    Amit Bhadana
    Technical Guruji (Gaurav Chaudhary)
    Dr. Vivek Bindra

    CarryMinati (Ajey Nagar)

    YouTube Channel CarryMinati
    Subscribers 40.5 million
    Started 2014
    Genre Roasting, Comedy, Gaming, Commentary, Satire, Hip Hop, Sketches
    CarryMinati - Top YouTubers in India 2023
    CarryMinati – Top YouTubers in India

    Ajey Nagar, popularly known as CarryMinati, is one of the top Indian YouTubers, with over 40 million subscribers. His YouTube journey began in December 2010, when Nagar launched his first YouTube channel, ‘STeaLThFeArzZ,’ where he used to upload football tutorial videos.

    Ajey’s main channel, initially known as “AddictedA1,” featured gaming and lively reactions. He renamed it “CarryDeol” in 2015, where he mimicked actor Sunny Deol while playing Counter-Strike: Global Offensive. This channel eventually evolved into CarryMinati.

    Recognized for his witty roasting videos, CarryMinati stands among India’s top-subscribed YouTube channels. Ajey’s gaming passion shines on CarryisLive, a popular gaming and live-streaming channel. He’s also a skilled musician, with tracks like “Bye PewDiePie” and “Yalgaar,” and has ventured into business with a stake in esports firm Big Bang Esports.

    CarryMinati ranked 10th in Time magazine’s 2019 Next Generation Leaders list and earned a place on the Forbes 30 Under 30 Asia list in April 2020.

    Total Gaming (Ajay)

    YouTube Channel Total Gaming
    Subscribers 36.6 million
    Started 2018
    Genre Gaming, Commentary
    Total Gaming - Top Indian YouTuber
    Ajay (Total Gaming) – Top YouTubers in India

    Ajay, who goes by the name Total Gaming or Ajju Bhai, is one of the most famous YouTubers in India. He’s amassed over 36 million subscribers on his channel, Total Gaming.

    Primarily recognized for his expertise in Free Fire, he also engages in other gaming realms, including mobile games like PUBG and Call of Duty Mobile, and PC titles like GTA V & Minecraft. Beyond this, he has cultivated a loyal fan base through various social networks, offering candid and entertaining gaming advice to a global audience.

    Ajay’s journey started in 2015 when he discovered the world of smartphone gaming and began playing games like Clash of Clans. In 2018, his attention shifted to the rapidly popularizing Garena Free Fire, leading him into the expansive world of computer gaming, a path he has pursued ever since. Also, it’s worth noting that despite his immense popularity, Ajay has chosen not to reveal his face to his audience.

    Techno Gamerz (Ujjwal Chaurasia)

    YouTube Channel Techno Gamerz
    Subscribers 36.4 million
    Started 2017
    Genre Gaming
    Ujjwal Chaurasia (Techno Gamerz) - Top Indian YouTubers
    Ujjwal Chaurasia (Techno Gamerz) – Top YouTubers in India

    Ujjwal Chaurasia, widely recognized for his channel “Techno Gamerz,” is a prominent figure in the gaming industry and one of the top YouTubers in India with over 36 million subscribers on his YouTube channel. He stands out by trying out a range of game titles instead of sticking to just one, making him a true first-generation gamer. He also led in creating tutorials for new gamers, supporting them in their learning journey, and playing a key role in building a vibrant gaming community.

    In addition to his gaming talent, Ujjwal also ventured into the world of music. He collaborated with Indian music producer Sez on the Beat in 2021 to create the track ‘Game On’. The song is about Ujjwal’s YouTube journey, starting at the age of 18 with no subscribers and reaching an impressive milestone of 10 million subscribers. Notably, the song has received over 89 million views.

    Mr. Indian Hacker (Dilraj Singh Rawat)

    YouTube Channel Mr. Indian Hacker
    Subscribers 33.3 million
    Started 2012
    Genre Science Experiments, Life Hacks, DIY
    Dilraj Singh Rawat (Mr. Indian Hacker) - Best YouTuber in India
    Dilraj Singh Rawat (Mr. Indian Hacker) – Top YouTubers in India

    Dilraj Singh Rawat, popularly known as Mr. Indian Hacker, is a prominent Indian YouTuber who has garnered a tremendous fan base of over 33 million subscribers. His channel is full of engaging content, showcasing science experiments, innovative life hacks, and creative DIY projects. Dilraj’s unique ability lies in simplifying complex concepts, making science accessible and entertaining for viewers.

    Dilraj’s innovative and informative approach has earned him immense popularity, with his videos garnering millions of views. He combines curiosity with creativity, often using household items to demonstrate scientific principles in a relatable way. As one of India’s top YouTubers, Mr. Indian Hacker continues to amaze and educate his ever-growing audience with his engaging content.

    Round2Hell (Wasim, Nazim, Zayn)

    YouTube Channel Round2Hell
    Subscribers 31.4 million
    Started 2016
    Genre Comedy, Entertainment
    Wasim, Nazim, Zayn (Round2Hell) - Top Indian YouTubers
    Wasim, Nazim, Zayn (Round2Hell) – Top YouTubers in India

    Round2Hell by Wasim Ahmad, Nazim Ahmed, and Zayn Saifi stands tall among the ranks of the top Indian YouTubers. With an impressive following of over 31 million subscribers, their channel has become a favorite for many. Through their comedic sketches and relatable content, Round2Hell has carved a special place in the hearts of viewers.

    Their humorous take on everyday situations strikes a chord with audiences of all ages, contributing to their widespread appeal. As key players in the Indian YouTube scene, Round2Hell continues to entertain and connect with a diverse range of audiences across the country.

    Furthermore, Round2Hell’s creative approach to addressing societal and cultural trends has earned them a great reputation. This ability to seamlessly blend laughter with insight has pushed them to become influential voices in the digital space.

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    Ashish Chanchlani

    YouTube Channel Ashish Chanchlani Vines
    Subscribers 30 million
    Started 2009
    Genre Comedy, Entertainment
    Ashish Chanchlani - Top Indian Youtuber
    Ashish Chanchlani – Top YouTubers in India

    Ashish Chanchlani, a famous Indian YouTuber, is known for his entertaining content on his channel, Ashish Chanchlani Vines, which has over 30 million subscribers. The channel’s relatable content revolving around relationships and daily life has garnered a massive and loyal following.

    In 2018, Ashish received the Dadasaheb Phalke International Film Festival Award and the ‘Best Comedy Influencer’ title at the World Bloggers Awards in 2019. He made a cameo appearance in “Men In Black: International” in the same year. His inclusion in Forbes’ 30 Under 30 list in 2020 further solidified his impact in the industry.

    Ashish directed “Akhri Safar,” a short film boasting over 18 million views on YouTube. His recent work, the comedic “Sasta Shark Tank,” earned praise from Shark Tank India’s judge Ashneer Grover, showcasing his creativity.

    Sandeep Maheshwari

    YouTube Channel Sandeep Maheshwari
    Subscribers 28.1 million
    Started 2012
    Genre Motivation, Self-Improvement
    Sandeep Maheshwari - Famous Indian YouTubers
    Sandeep Maheshwari – Top YouTubers in India

    Sandeep Maheshwari, another top Indian YouTuber on the list, has a staggering 28+ million subscribers. Sandeep is known for uploading motivational videos on his YouTube channel. His content focuses on various topics such as career building, confidence, public speaking, and more.

    His remarkable contributions have garnered awards such as the Creator of the Year and Pioneer of Tomorrow Awards at the Entrepreneur India Summit ET Now in 2013. Widely acknowledged as a well-known motivational speaker, entrepreneur, and content creator in India, Sandeep Maheshwari’s content is dedicated to fostering self-improvement, personal growth, and success.

    Through his inspirational content and entrepreneurial spirit, Sandeep Maheshwari has become a role model for millions of Indians and has undoubtedly left an indelible mark on the digital landscape of India.

    Sandeep Maheshwari – Top YouTuber

    Bhuvan Bam

    YouTube Channel BB Ki Vines
    Subscribers 26.3 million
    Started 2015
    Genre Comedy, Entertainment
    Bhuvan Bam - Top Indian YouTuber
    Bhuvan Bam – Top YouTubers in India

    Bhuvan Bam, one of the most famous YouTubers in India, known for his renowned YouTube channel, BB Ki Vines, is an actor, singer-songwriter, comedian, and entrepreneur, gathering a massive following of over 26 million subscribers. Starting as a performer at a Delhi restaurant in 2012, Bhuvan shifted gears in 2015, sharing short humorous sketches on his YouTube channel. In 2017, he ventured into entrepreneurship by founding his merchandise brand, Youthiapa.

    Bhuvan has made history by becoming one of the first independent creators to achieve 10 million subscribers. Recognizing his achievements, Forbes included him in their esteemed 30 Under 30 List in 2020.

    With a deep commitment to education equality, Bhuvan partnered with YouTube to emphasize the significance of Girl Child Education. His influence stretches beyond the screen, as he’s the only creator invited to cover the World Economic Forum in Davos.

    Bhuvan Bam’s notable works include “Teri Meri Kahani,” “Sang Hoon Tere,” “Safar,” “Rahguzaar,” “Ajnabee,” and the Filmfare-winning short film “Plus Minus.” He launched the YouTube series “Titu Talks,” featuring Shah Rukh Khan, and created impactful content like “Lifeline of Society” during the COVID-19 lockdown. He also introduced the web series “Dhindora,” made an OTT debut with “Taaza Khabar,” and appeared in Amazon miniTV’s “Rafta Rafta.”

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    Amit Bhadana

    YouTube Channel Amit Bhadana
    Subscribers 24.4 million
    Started 2012
    Genre Comedy, Entertainment
    Amit Bhadana - Best Indian YouTuber
    Amit Bhadana – Top YouTubers in India

    Amit Bhadana is a popular YouTuber in India, with over 24 million subscribers. His channel is a hub for entertaining content, encompassing humorous videos, relationship discussions, life anecdotes, and comedy skits. In recent times, the channel has also taken up the responsibility of shedding light on social issues in the country.

    Bhadana is not only a comedian but also a writer, actor, director, and influencer. He became the first Indian YouTuber to cross 20 million subscribers, earning a Diamond Play Button and Forbes recognition.

    Amit’s versatility is showcased in collaborations with Bollywood stars like Akshay Kumar, Katrina Kaif, and Ajay Devgan, and he’s been acknowledged as one of the wealthiest Indian YouTubers by DNA India in 2021.

    Technical Guruji (Gaurav Chaudhary)

    YouTube Channel Technical Guruji
    Subscribers 23.3 million
    Started 2015
    Genre Technology, Reviews
    Gaurav Chaudhary (Technical Guruji) - Top Indian YouTuber
    Gaurav Chaudhary (Technical Guruji) – Top YouTubers in India

    Gaurav Chaudhary, also known as Technical Guruji, is a famous Indian YouTuber with over 23 million subscribers. He’s recognized for his technology-centric content delivered in Hindi. Gaurav’s content usually includes reviews of newly launched smartphones, smartwatches, cameras, and other gadgets.

    Its unique approach to simplifying complex technical jargon sets his channel apart, making it accessible and understandable for viewers. In 2020, he was on the Forbes India 30 under 30 list, highlighting his significant impact on the tech and digital content landscape in India.

    As a prominent tech influencer, Technical Guruji, led by Gaurav Chaudhary, continues to provide valuable insights and expertise to the Hindi-speaking audience.

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    Dr. Vivek Bindra

    YouTube Channel Dr. Vivek Bindra: Motivational Speaker
    Subscribers 21.2 million
    Started 2013
    Genre Motivational, Business Training, Leadership
    Dr. Vivek Bindra - Indian YouTuber
    Dr. Vivek Bindra – Top YouTubers in India

    Dr. Vivek Bindra, a renowned Indian motivational speaker, business trainer, and entrepreneur, is the CEO and Founder of Bada Business Pvt. Ltd. With a subscriber base of over 21 million on YouTube, his channel focuses on inspiring content and entrepreneurship-related videos. Bindra is internationally certified as a business coach and motivational speaker.

    Vivek, an accomplished international speaker and Leadership Consultant, specializes in areas like leadership, sales, and business management.

    Dr. Bindra’s influence extends to corporations, where he advises companies and provides CEO coaching to top CEOs in India. His achievements encompass nine Guinness World Records, the prestigious 40 under 40 Award, and the title of Best CEO Coach in India by the Times of India, among other honors.

    Conclusion

    YouTube has truly captured the hearts of Indians, offering a blend of education, insights, and entertainment that we all love. As more and more of us join the YouTube community, get ready to witness its reach skyrocket in the years to come.

    What’s even cooler is that certain YouTube channels in India now boast more viewership than the most popular TV shows. It’s a sign that YouTube is not just a creative playground but a promising avenue for creators to shine and make a living.

    Without a doubt, YouTube holds a special place in India, shaping how people enjoy content. Its impact is only going to get bigger, spanning across the diverse landscape of our nation.

    FAQs

    Who is the top YouTuber in India in 2023?

    CarryMinati is one of the top Indian YouTubers, with over 40 million subscribers. He is well-known for his roasting videos, comedic skits, and reactions to various online topics.

    Who is the top gaming YouTuber in India?

    Ajay, also known as Total Gaming (or Ajju Bhai), is the most subscribed Indian gaming YouTuber.

    Who is Technical Guruji?

    Gaurav Chaudhary is popularly known as Technical Guruji. He is a prominent Indian YouTuber, recognized for his technology-centric content delivered in Hindi.

  • Databricks – A Unified Platform to collaborate Data, Analytics, and AI

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

    The modern world we live in today depends massively on data and information. Everything around us like, the things we use, see, and are being surrounded by, are in one or the other way influenced by technology.

    As the need for technology grows, the significance of data started flourishing. With data piling up, the need for a warehouse to store, analyze and process these data for multiple purposes emerged.

    This is where Databricks surfaced their platform. Databricks serves as a cloud platform to store enormous data that can be processed and run smoothly. This is an analytic platform that is built on their popular open-sourced product called Apache Spark. They’ve occupied a 10.19% market share and stand to be the third-largest occupant in the digital analytics market.

    Databricks – Company Highlights

    Startup Name Databricks
    Headquarters San Francisco, California, United States
    Industry Computer Software, Data, AI
    Founders Ali Ghodsi, Andy Konwinski, lon Stoica, Patrick Wendell, Reynold Xin, Matei Zaharia, and Arsalan Tavakoli
    Founded 2013
    Website databricks.com

    Databricks – About
    Databricks – Industry
    Databricks – Founders
    Databricks – Startup Story
    Databricks – Mission
    Databricks – Logo
    Databricks – Business and Revenue Model
    Databricks – Employees
    Databricks – Funding and Investors
    Databricks – Acquisitions
    Databricks – Social Media Presence
    Databricks – Growth and Revenue
    Databricks – Products and Features
    Databricks – Investment
    Databricks – Partnerships
    Databricks – Competitors
    Databricks – Future Plans

    Databricks – About

    Databricks was established by the creators of Apache Spark, as a Data and Artificial Intelligence (AI) company. It acts as a warehouse for any structured or unstructured data, on the cloud. Databricks also serves as a combined platform for all your Data, AI, and Analytics functions that helps data engineers, analysts, and data scientists to perform huge workloads, seamlessly. This is done by their Lakehouse Platform powered by Apache Spark, which is the best combination of features from Data Lakes (low-cost and flexibility) and Data Warehouses (performance efficiency).

    In addition to Apache Spark, Delta Lake and MLflow are the other two open-sourced projects, that are behind the effective functions of the Lakehouse Platform. Databricks provide their Unified Data services through multiple clouds namely, Google Cloud, AWS, Microsoft Azure, and Alibaba Cloud.

    About Databricks

    Databricks – Industry

    Data Industry has turned to be a large and significant industry in all aspects of life and business. According to Statista, the Data Market is expected to grow to a whopping $103 Billion by 2027. It is double the size of its presence in 2018. Artificial Intelligence is another rapidly growing market that has become an essential element in modern industries.

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    Databricks – Founders

    Databricks Founders
    Databricks Founders

    Databricks was co-founded by a couple of professors from the University of California and five former Berkeley Ph.D. students.

    • Ali Ghodsi, co-founder and CEO of Databricks, was one of the creators of Apache Spark. He was a professor at the University of California (UC) as well as a board member in UC’s Rising Lab. He has held the primary responsibility for the growth and expansion of Databricks worldwide.
    • Ion Stoica, co-founder and Chairman of Databricks, is also a professor at UC Berkeley. He’s also a co-director at AMPLab. In addition to this, he co-founded a start-up called Conviva, for video distribution on a large scale.
    • Matei Zaharia, co-founder and Chief Technologist at Databricks, was earlier a part of the Spark project and now, is the Vice President of Apache Foundation. ACM Doctoral Dissertation Award was given to him in 2014 for his research in large-scale computer systems.
    • Patrick Wendell, co-founder and Vice President of Engineering in Databricks, had played a major role in Spark’s operations.
    • Reynold Xin, co-founder and Chief Architect and takes care of the technical operations in Apache Spark. He won the Best Demo Award in 2011 at VLDB.
    • Andy Konwinski, co-founder and Vice President of management, takes care of the AI operations in Databricks. Earlier he took care of the company’s market efforts in Spark Summit creation.
    • Arsalan Tavakoli-Shiraji, co-founder and Senior Vice President of field engineering in Databricks, earlier worked in McKinsey as Associate Principal. He was a former Ph.D. student at UC Berkeley.

    Databricks – Startup Story

    Ali Ghodsi, the CEO of Databricks was keen on coding since the age of 8 when his parents bought him a used Commodore 64. He pursued his higher education in computer engineering and a Ph.D. in distributed computing. Later, in 2009, he joined hands with Ion Stoica and they together created ‘Spark’, which was already instigated by Matei Zaharia.

    They further coordinated with another team working on Machine Learning, and they together introduced ‘Apache Spark’ in the market. At first, no companies paid any attention, as the technology seemed alien. In 2013, Ben Horowitz (Co-founder of Andreessen Horowitz VC), planted some hope in them by investing $14 Million and encouraged them on creating a company, that serves as a platform to run Apache Spark. Thus, Databricks was established in 2013.

    Databricks – Mission

    Databricks functions with a mission to make Data Unification more efficient, by innovating new techniques to unify Data, AI, and Analytics. They strive to make the customer experience more engaging.

    Databricks Logo
    Databricks Logo

    Databricks logo resembles two bricks aligned perfectly like data folders organized on a shelf. It seems that Databricks intended to keep the logo with a starting and ending point without any breaks in-between. This may be done to imply that they unify data collection, storage, and analytics functions under one common platform with no need for an exit, as everything is covered here.

    Databricks – Business and Revenue Model

    Their business model is positioned on the web-based software that provides a platform to work with Apache Spark. It facilitates automatic group management and Python-style notebooks for Data engineers and scientists.

    Databricks provides its resources in the form of Software as a Service (SaaS) and generates revenue through its subscriptions. Their major services are through three cloud platforms namely:

    Though the prices vary for each cloud, there’s a common factor to be noted: “Only pay for what you use”. Costs are calculated independently of the services opted for and require no up-front payment. The customers are required to pay only for the number of resources used as they go.

    Databricks – Employees

    Databricks has over 5,001 – 10,000 employees around the world as of 2023. In November 2019, Databricks celebrated the milestone of having hired the 1000th full-time employee for them. It took 6 years to reach the first 1000 employees and less than 2 years to hire the rest.

    Databricks – Funding and Investors

    With its recent funding of $503.7 million, Databricks has raised $4 Billion through 12 funding rounds since its formation. A total of 49 investors have so far invested in Databricks.

    Date Stage Amount Investors
    September 14, 2023 Series I $503.7M T. Rowe Price
    July 31, 2023 Secondary Market – –
    March 3, 2023 Series H – –
    September 4, 2021 Angel Round $200K –
    August 31, 2021 Series H $1.6 Billion Counterpoint Global (Morgan Stanley), Baillie Gifford, ClearBridge Investments, UC Investments, Andreessen Horowitz, Amazon Web Services (AWS), Microsoft, CapitalG, CPP Investment Board, Coatue Management, Fidelity Management & Research, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, T. Rowe Price Associates, Tiger Global Management, Whale Rock Capital Management, Insight Partners, Gaingels, New Enterprise Association, Alta Park Capital, a suite of BNY Mellon funds, Discovery Capital, Dragoneer Investment Group, Flucas Ventures, the House Fund Geodesic, and Green Bay Ventures.
    February 1, 2021 Series G $1 Billion Franklin Templeton, CPP Investment Board, Fidelity Management & Research LLC, Whale Rock, Amazon Web Services (AWS), CapitalG, Salesforce Ventures, Microsoft, Andreessen Horowitz, Alkeon Capital Management, BlackRock, Inc., Coatue Management, T. Rowe Price Associates, Tiger Global Management, New Enterprise Association, Discovery Capital, Dragoneer Investment Group, Founders Circle Capital, Geodesic, GIC, Green Bay Ventures, Greenoaks Capital and Octahedron Capital.
    October 22, 2019 Series F $400 Million Andreessen Horowitz, BlackRock, Inc., T. Rowe Price Associates, Tiger Global Management, Coatue, New Enterprise Association, Microsoft, Alkeon Capital Management, Dragoneer Investment Group, Geodesic, and Green Bay Ventures.
    February 5, 2019 Series E $250 Million Andreessen Horowitz, Microsoft, Coatue, Battery Ventures, New Enterprise Association, Green Bay Ventures, and Geodesic Capital.
    August 22, 2017 Series D $140 Million New Enterprise Association, Andreessen Horowitz, Battery Ventures, Geodesic Capital, and Green Bay Ventures.
    December 15, 2016 Series C $60 Million New Enterprise Association, Andreessen Horowitz and SineWave Ventures.
    June 30, 2014 Series B $33 Million New Enterprise Association, Andreessen Horowitz and DCVC.
    September 25, 2013 Series A $14 Million Andreessen Horowitz, SV Angel and Alfred Chuang.

    Databricks – Acquisitions

    Databricks has so far acquired seven companies. Below are the details:

    Account Name Date Amount
    Arcion Oct 23, 2023 $100M
    MosaicML Jun 26, 2023 $1.3B
    Okera May 3, 2023 –
    DataJoy Inc. Oct 13, 2022 –
    Cortex Labs Apr 15, 2022 –
    8080 Labs Oct 6, 2021 –
    Redash Jun 24, 2020 –

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    Databricks – Social Media Presence

    Databricks has good presence in Twitter and LinkedIn they utilizes these platforms to promote its products and services to gain a market advantage. They also post regarding their world tours and launch events with their latest inventions. Links to Blogs and Articles featuring Databricks or their products and information related to job openings can also be found on their social platforms.

    Databricks – Growth and Revenue

    Databricks was established in 2013, keeping Spark Technology as its core. Its formation was immediately succeeded by a rumor that ‘Spark Technology won’t work if your data doesn’t fit in their memory’. This discouraged businesses to use Spark.

    Finally, in 2015, the founders decided to end these rumors by participating in a contest where they beat the world record for processing one petabyte of data in the lowest time and as a result, they gained media attention and popularity.

    By 2017, they were valued at $500 Million but their annual revenue was way lower at $1 Million. Later, participating in the ‘sorting contest’, making some changes in employee hiring and deciding to build software with features demanded by large enterprises, turned out to be fruitful.

    Since then, Databricks’s growth is only climbing uphill. Their revenue hit the $100 Million mark for the first time in 2018 and took just another year to reach $200 Million in 2019. The introduction of the Lakehouse feature was a primary factor for its success. The company’s valuation grew from $6.2 Billion in Q3 of 2019 to around $38 Billion in Q3 of 2021.

    Databricks reported annual recurring revenue of $425 Million in 2020.

    Databricks disclosed that during the fiscal year that concluded on January 31, 2023, it brought in over $1 billion in revenue. The business reported that it expanded by more than 60% in the previous year 2022.

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    Databricks – Products and Features

    Some of the latest prominent launch are:

    Data Unity With New Delta Lake Release

    Databricks, announced a new version of its Delta Lake data storage format on June 28, 2023. According to the company, this version eliminates data silos. The latest addition to the rival open – source standards for the analytic data tables in data lake systems is Delta Lake 3.0, which includes Iceberg and Hudi from the Apache Foundation.

    Dolly

    Databricks unveiled an open-source language model that allows programmers to create their own chatbot applications driven by AI on March 24, 2023.

    Lakehouse Federation

    At its Data + AI Summit, Databricks launched what it refers to as its Lakehouse Federation function on June, 28, 2023. With this new feature, businesses can discover, query, and administer their data across a wide range of platforms by combining their disparate walled data systems.

    Databricks – Partnerships

    Databricks has partnered with many companies. Some of the lates prominent partnerships are:

    Microsoft

    With a new partnership with Databricks in August, 2023 to market AI app-development tools, Microsoft has increased the scope of its AI goals. Businesses will be able to create their own AI models from scratch using the Databricks software.

    Kobai

    On September 11, 2023, Databricks and Kobai partnered. Customers may take use of the power and scalability of the Databricks Lakehouse Platform, along with the simplicity and insights of knowledge graphs.

    3i Infotech

    In order to generate business value by combining data and AI on a single platform, 3i Infotech Ltd and Databricks has partnered on October 18, 2023.

    Databricks – Investment

    Databricks has invested in 24 companies. Some of the investments are listed below:

    Account Name Date Amount
    Perplexity AI 2022 –
    Arcion 2018 –
    Prophecy.io Jan, 2017 –
    Catalyst Sep, 2017 –
    Cleanlab – –

    Databricks – Competitors

    Some of the top competitors of Databricks are:

    • Snowflake
    • Cloudera
    • Datastax
    • Qubole
    • MATLAB
    • Alteryx
    • Dremio
    • Intellicus

    Here are a few comparisons with some competitors:

    Snowflake – Snowflake is much larger than Databricks. They both offer similar services with few differences (Databricks processes large data while Snowflake offers elasticity of cloud data for centralized access) at a flexible price. Databricks is making a long battle to overcome its competitor.

    Cloudera – Cloudera provides a common cloud storage and management platform that stores, processes, and analyses data for an organization. It is similar to that of Databricks in the form of Data Warehouse, Processing, and Distribution.

    Embedded BI Tools for SaaS | SaaS Business Intelligence Software
    What is embedded BI? Embedded business intelligence is the integration of BI capabilities within business process applications or portals. Read more here!
    StartupTalkyRishabh Rathi

    Databricks – Future Plans

    It is evident that Databricks  was working on two of the fastest-growing big data domains, Streaming and Deep-Learning  in 2021. They were building a multi-faceted Application Programming Interface (API) to process these two domains. Databricks is also keen on accelerating the innovation of Data Lakehouse to gain a greater advantage by conquering data-driven organizations.

    According to their website, Databricks plans to enable the workspace’s favorites feature. Notes, dashboards, experiments, and searches may all be saved to a list of favorites, which you can then access from the homepage.

    Databricks – FAQs

    What is Databricks?

    Databricks is a cloud-based tool for storing and processing huge quantities of data using Machine Learning models. This is done through their Apache Spark tool.

    Who founded Databricks?

    Databricks was co-founded by seven people namely, Ali Ghodsi, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, Andy Konwinski, and Arsalan Tavakoli-Shiraji.

    How much has Databricks secured through funding?

    Databricks secured around $4 Billion through 12 funding rounds.

    What is the annual revenue of Databricks?

    Databricks has reported an annual recurring revenue (ARR) of $1.275 Billion for the year ending 2022.

    Who are the clients of Databricks?

    Databricks has around 6000+ customers worldwide. Some of their popular clients are:

    • Shell
    • CVS Health
    • Regeneron
    • T-Mobile
    • HSBC
    • Comcast

  • Bond Cam Revolutionizes Cricket Umpiring: Praneeth Arnepalli’s Innovation Takes Centre Stage

    New Delhi (India), October 26: When it comes to cricket, the beauty of the game lies not just in the swaying willows or the bowler’s dexterity but also in the precise and timely decisions made by the on-field umpires. Often, the outcome of a nail-biting match hinges on an umpire’s judgment. However, with the introduction of Bond Cam, a groundbreaking invention by US-based innovator Praneeth Arnepalli, the face of cricket umpiring is poised for a transformative change.

    The Bond Cam, aptly named to signify its steadfast reliability, is a portable camera device that can seamlessly be placed behind the cricket pitch’s middle stump. This strategic positioning allows the device to capture and live-stream high-definition video footage of the match directly to the cloud. As cricket aficionados worldwide know, many of the game’s critical moments revolve around the stumps, making this vantage point invaluable.

    One of the remarkable facets of the Bond Cam is its integration with the latest connectivity features. Leveraging the power of 5G and Wi-Fi, it ensures uninterrupted, real-time transmission of match footage. The camera, equipped with a premium Sony CMOS sensor, promises unparalleled video clarity, capturing every minute detail on the pitch. To support its extended usage during long matches, the device houses a robust 4000mAh lithium-ion battery with a swift USB-C quick charging feature. Ensuring durability and functionality, the Bond Cam is encased in a sturdy black shell, complete with a side-mounted cooling fan.

    But Praneeth’s innovation isn’t just about high-tech gadgetry. It’s also about elevating the game’s decision-making process. With the Bond Cam’s Wi-Fi feature, umpires can now directly connect their smartphones or tablets to the device. This immediate access to live footage empowers them to make more informed decisions on contentious issues like run-outs, stumpings, no-balls, and boundary clarifications. Furthermore, all this invaluable video data gets securely archived in the cloud, paving the way for post-match analyses and reviews.

    Arnepalli’s vision for Bond Cam extends beyond its technological prowess. By his account, the device offers a cost-effective, user-friendly solution designed to bolster the accuracy and efficiency of umpiring decisions. No longer would an umpire’s call be marred by human error or limited visibility. Instead, backed by the technological might of Bond Cam, decisions would be more accurate, fair, and in the true spirit of the game.

    The ripples of this innovation are already being felt. Several cricket clubs and leagues across the US have begun testing and incorporating the Bond Cam into their matches. But the horizon is much broader. Given cricket’s immense popularity in countries like India, Arnepalli envisions a vast market ready to embrace his invention.

    In the grand tapestry of cricket’s evolution, innovations like the Bond Cam signify a new chapter. As cricket aficionados, players, and governing bodies worldwide take notice, Praneeth Arnepalli’s name stands tall, heralding a future where technology and tradition converge for the love of the game.