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  • Verizon Communications – Bringing the World Closer

    Company Profile is an initiative by Startup Talky to publish verified information on different startups and organizations. The content in this post has been approved by Verizon Communications.

    It was just a decade or two back when everything was done manually. Even communicating with somebody was a tedious process. However, technology boomed, and very soon, email, mobile phones, and the internet transformed the scene.

    Talking to someone far off is now a matter of seconds. The communication industry started thriving, and that meant new and better players were entering the arena. Verizon Communications is one of the older communication giants that exploited this change in the scenario.

    The company tasted success as it innovated with the changing times. Here we will tell you more about Verizon communications journey and the efforts it made.

    Verizon Communications  – Company Highlights

    Company Name Verizon Communications
    Founded 1983
    Key People Charles R Chuck Lee and Ivan Seidenberg
    Headquarters Manhattan, New York City
    Revenue $135.651 billion (2022)
    Area Served Worldwide
    Industry Telecommunications, Mass Media
    Website www.verizon.com

    Verizon Communications – About
    Verizon Communications – Industry
    Verizon Communications – Founders and Team
    Verizon Communications – Startup Story
    Verizon Communications – Mission and Vision
    Verizon Communications – Name, Tagline, and Logo
    Verizon Communications – Business Model
    Verizon Communications – Revenue Model
    Verizon Communications – Employees
    Verizon Communications – Challenges Faced
    Verizon Communications – Funding and Investors
    Verizon Communications – Mergers and Acquisitions
    Verizon Communications – Growth
    Verizon Communications – Advertisements and Social Media Campaigns
    Verizon Communications – Awards and Achievements
    Verizon Communications – Competitors
    Verizon Communications – Future Plans

    Verizon Communications – About

    Verizon Communications Website
    Verizon Communications Website

    Verizon Communications is a telecommunications company having its headquarters in Manhattan, New York. It was founded as Bell Atlantic when the Bell group of companies was divided into seven separate units. At that time, the company was headquartered in Philadelphia.

    At present, Verizon’s mobile network coverage is the largest in the USA. It has around 120.9 million subscribers. The company also sponsors many sports events like National Hockey League, National Football League, Motorsports, USA team handball, etc.

    Verizon Communications – Industry

    Verizon Communications is one of the top players in the telecommunications industry. With the entry of 5G networks, the industry is literally booming. The global telecommunication market was valued at $1.74 billion in 2021. It is also expected to grow at a CAGR of 5.4% through 2020-2027, reaching nearly $2.66 billion.

    In the future, the industry will be governed by increased mergers and acquisitions. Even during the recession, the telecommunications industry did not lose revenue. That implies the sectors’ growth will remain stable no matter what happens.

    With other markets like China and India entering the fray, the industry is upping its standards. Hardware producers are creating better products and keeping up with the demand in the market.

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    Verizon Communications – Founders and Team

    Verizon was formed after the merging of Bell Atlantic and GTE on 27th July 1998. The Verizon brand was launched in April 2000, and the company Verizon communications started its operations in mid-2000. At that time, Charles R Chuck Lee and Ivan Seidenberg assumed co-CEO positions for the company.

    Charles R Chuck Lee

    Charles R Chuck Lee
    Charles R Chuck Lee

    Charles Lee grew up on a farm in Wexford and obtained his Bachelor’s degree in Metallurgical training from Cornell University. After doing his MBA from Harvard University, he went back to Pittsburgh. After working at Columbia Pictures Industries Inc and Coca-Cola Co, he joined GTE in 1983.

    He was elected the president and director of the company in 1988 and became the CEO in 1992. When Verizon Communications was formed in 2000, Charles Lee assumed the Co- CEO position.

    Ivan Seidenberg

    Ivan Seidenberg
    Ivan Seidenberg

    Ivan Seidenberg’s telecommunications career started with New York Telephone as a mere splicer. Moving on, he was considered for the co-CEO post for Verizon communications limited in 2000. He was then appointed the CEO and then the chairman of the company.

    Seidenberg retired in 2011 though he still continued to serve as chairman and part of the board of directors for the company.

    Verizon Communications – Startup Story

    GTE, in 1984, was one of the leading telecommunications companies in the market. In 1984 AT & T created seven regional holding companies. Bell corporation was created out of one of these companies.

    In 1996 it was announced that Bell Atlantic and NYNEX would merge. This would make the company the second-largest telecommunications brand. The merger was completed in 1997, and Bell Atlantic expanded itself globally.

    On the other hand, GTE corporation merged with Contel corporation keeping its name intact. After NYNEX, Bell Atlantic merged with GTE, and this led to the formation of Verizon Communications.

    Verizon Communications – Mission and Vision

    Verizon Communications’ vision statement is as mentioned below:

    “To inspire tomorrow’s creators to use technology to build brighter futures for themselves, their families, and the world.”

    Their mission statement is known as Verizon Promise and is as follows:

    “We deliver the promise of the digital world to our customers. We make their innovative lifestyles possible. We do it all through the most reliable network and the latest technology.”

    Verizon Communications’ tagline is catchy and created with a desire to be unique:

    Can You Hear Me Now? Good.

    Verizon Previous Logo
    Verizon Previous Logo

    The Verizon logo was created in 2000. Prior to that, the versions featured the original company’s name. For the logo, the agency created a wordmark showing the new company’s name. On top of that was a big red mark like a check.

    The Z of Verizon was zoomed and larger than others. Only z and the checkmark were created with red color. The rest of the alphabet was in black color.

    Verizon Recent Logo
    Verizon Recent Logo

    Post-2015, a new logo was created where the checkmark was reduced in size. Only the check mark was red, while the other alphabets were black. The gradient was also removed in the new logo.

    Verizon Communications – Business Model

    Initially, the company faced some problems. A majority of its profitability comes from the US market. However, it also operates in almost 40 other countries with around 200 call centers. The company operates in three segments.

    Wireless

    This includes wireless voice, data services, and equipment sales. The revenue in this segment comes from both postpaid and prepaid connections. Some services that the company provides in this segment are Mobile wi-fi, 5G, USB modems, etc.

    Wireline

    This segment comprises voice, data, video communication and services, and broadband data services.

    Corporate and other segments

    Under this segment come Verizon’s telematic business, Verizon Connect, and other small businesses.

    Verizon Communications – Revenue Model

    Verizon’s revenue for the third quarter of 2022 was $34.241 Billion. This was a 4.03% increase since last year. Its overall revenue for the year 2022 was $135.651 billion. Again, this figure showed a hike of 1.05%.

    Verizon Communications – Employees

    Verizon Communications considers its employees in very high regard. That is why taking care of their health and well-being remains an essential factor. Here are some benefits that the company provides:

    • Dental and health insurance
    • Disability insurance
    • Employee assistance program
    • Resilience toolbox to help their employees
    • Free flu shots and health screenings for health issues
    • Mammography screenings at the office
    • One -on one coaching sessions with health experts
    • Charity and community events
    • Corporate events
    • My health vault app for employees to know their health parameters regularly  

    Verizon Communications – Challenges Faced

    Inflation and consumer pressures create a challenging situation for Verizon Communications. Consumers easily switch from one carrier to another if they get a chance. Verizon has had to work to retain its existing base, so the number of switchers is less.

    The company faces threats from its competitors like AT&T and T-Mobile. These companies are in a constant tussle, and Verizon must offer a unique idea to gain a strong foothold.

    Lastly, the company faced issues of data leakage in 2017 due to a misconfigured cloud server and did not want another similar situation to arise. During the outage, the company lost the trust of its customers, and another setback could be damaging.

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    Verizon Communications – Funding and Investors

    Details of Verizon Communications’ Funding and investments are as mentioned below in different tables.

    Fundings

    Announced Date Transaction Name Number of Investors Money Raised
    Sep 16, 2022 Grant – Verizon 1 $11.5M
    Jul 11, 2022 Grant – Verizon 1 $78K
    Mar 18, 2022 Grant – Verizon 1 $11.8M
    Feb 28, 2014 Post-IPO Equity – Verizon — $21.3B
    Mar 1, 2013 Post-IPO Equity – Verizon — $3.8B
    Mar 5, 2012 Post-IPO Equity – Verizon — $3.8B
    Mar 4, 2010 Post-IPO Equity – Verizon — $1B
    Jan 26, 2010 Post-IPO Debt – Verizon 1 $150M
    Jan 20, 2004 Grant – Verizon 1 $170.4K
    Jan 29, 2002 Grant – Verizon 1 $141.1K

    Investments

    Announced Date Organization Name Funding Round Money Raised
    Apr 18, 2022 Casa Systems Post-IPO Equity – Casa Systems $40M
    Feb 3, 2022 Imanyco Grant – Imanyco $50K
    Mar 1, 2021 Parrots Funding Round – Parrots —
    Jan 29, 2020 Lexset Grant – Lexset $250K
    Jan 24, 2020 Byte Back Grant – Byte Back $100K
    Sep 20, 2019 Juncture Media Seed Round – Juncture Media $400K
    Sep 20, 2019 Colorfiction Grant – Colorfiction $400K
    May 1, 2017 Renovo Auto Venture Round – Renovo Auto $10M
    Dec 8, 2015 Bounce Imaging Grant – Bounce Imaging $1M
    Mar 10, 2015 Pursuit Grant – Pursuit $1.8M

    The lead investors for Verizon Communications are Connect Maryland, the American Rescue Plan, and the US Department of Defence.

    Verizon Communications – Mergers and Acquisitions

    The mergers and acquisitions that Verizon Communications has gone through are roughly 33 in the count. Some of the most recent acquisitions are dated below:

    Acquiree Name Announced Date Price
    Senion Jun 21, 2021 —
    Incubed IT Feb 16, 2021 —
    Bluegrass Cellular Oct 19, 2020 —
    TracFone Wireless Sep 12, 2020 $6.9B
    BlueJeans Network Apr 16, 2020 —
    Jaunt Sep 30, 2019 —
    ProtectWise Mar 1, 2019 —
    Vidder Nov 16, 2018 —
    Moment Apr 19, 2018 —
    Niddel Jan 5, 2018 —

    Verizon Communications – Growth

    Though the telecommunications industry had slow growth, Verizon Communications maintained the pace. In the third quarter of 2022, it grew by 1.4%. This was when the communications industry was down by -8.74%.

    The sales for the company in the third quarter were high by 1.34%. This is in comparison to their second quarterly sales. Annual sales growth for Verizon Communications remained at 0.74%, and the average yearly sales growth for the past five years is 11.93%.

    Verizon Communications – Advertisements and Social Media Campaigns

    Verizon Communications devotes a considerable spend of its marketing budget to advertising. Their latest commercial features Paul Giamatti and Cecily Strong and focuses on holiday cheer.

    It showcases the Uncle Scrooge story, where Giamatti plays the lead character. He is unable to find the network, but Cecily appears and asks him to switch to Verizon. The ad emphasizes their free 5G smartphone offer. Watch the commercial here:

    Verizon Communications – Awards and Achievements

    A few awards that Verizon Communications has received over the years are:

    • For the 16th time, Verizon won the best network award decided by RootMetrics
    • Last year Verizon was in the top 100 companies considered best for employees
    • The HACR Corporate Inclusion Index rated them a five star
    • Verizon Communications was at rank 12 in the JUST Capital 2022 Workforce Equity and Mobility Ranking
    • RootMetrics also judged Verizon’s 5G network as the best for the third time.  

    Verizon Communications – Competitors

    Verizon is a strong player in the communications industry. Its competitors are:  

    • AT & T
    • T Mobile
    • Aeris
    • Kore Wireless
    • Vodafone
    • Sierra Wireless
    • Cisco
    • Telit
    • Rogers
    • ORBCOMM
    • Itron  

    Verizon Communications – Future Plans

    The future of the communications industry is 5G, and that is what Verizon is focussing on. Verizon expects to achieve 1 Gbit speeds by 2024. For this purpose, they would be spending $10 billion per year.

    Apart from that, the company hopes to cover 50 million households with their fixed wireless internet by the end of this time period. This would, in turn, generate more than $1 billion in revenue.

    Conclusion

    Verizon Communications is a big telecommunication company in the US also known to provide its services worldwide. The firm was started by the merger of Bell Atlantic and GTE company in 1989.

    However, the name Verizon was introduced in 2000. The company is headquartered in New York City and has good competition from AT&T, Aeris, Vodafone, etc.  

    FAQs

    Who is the current CEO of Verizon Communications?

    The current CEO of Verizon Communications is Hans Vestberg. He took over this position on 1st Aug 2018.

    Who currently owns Verizon?

    Verizon is currently owned by Verizon Communications Inc.

    Did Verizon and AT&T merge together?

    Not exactly, AT&T acquired a license from Verizon Wireless and some of its part. Apart from that, both firms are independent of each other.

    Is Verizon changing its name?

    The name Verizon was appointed after the merger of Bell Atlantic and GTE firm. The merged company was renamed Verizon in 2000.

  • Dall-E vs Midjourney – Comparing Two Revolutionary AI Tools

    AI is no longer a future concept, it is happening now. Technology has evolved a lot and is still growing rapidly. AI has fueled growth by making tasks easier and faster. Dall-E and MidJourney, both are AI-based text-to-image generators that hold the capability to generate mind-blowing digital images just by taking input from you.

    Isn’t it fascinating that you’re just typing something and AI is providing you with the desired images? Actually, it’s really cool stuff to explore and learn.

    Both Dall-E and MidJourney do the same thing which is to generate images from the user query, but certain factors differentiate these two. Here in this article, we will compare Dall-E and MidJourney, so read the whole article and update your knowledge with the latest technology.

    Comparison Between Dall-E and Midjourney

    Comparison Between Dall-E and MidJourney

    AI Image Generators have become the next big thing on the internet. As both are best-known and arguably the most advanced image generators, both of them have the potential to provide you with great results.

    Let us look into the different aspects such as their development, pricing, art quality and others. of  MidJourney and DALL-E to compare and decide which one is the best among these two.

    Development Journey

    Dall-E is an AI system developed by OpenAI, a research laboratory headquartered in san-Fransisco. OpenAI was started by Sam Altman and others in late 2015 to develop AI-based solutions that solve different tasks and make human life much easier. Dall-E is one of the AI solutions by OpenAI that renders services for image creation.

    It is a large language model that was trained on a dataset of text and images, which can generate images from text descriptions, a process known as image generation or image synthesis. It is a 12-billion-parameter version that uses text-image data sets to generate an image from text.

    On the other hand, MidJourney is also an AI-based solution developed by an independent research lab that renders the same services as Dall-E does. Since the intention behind the development of AI is the same, which is to train the AI and make them capable of solving complex real-life problems with ease.

    MidJourney has emerged as a solution that creates realistic images of any input you provide. It is in the beta phase and continuously learning and upgrading with new features and capabilities. To save the interest of Artists, MidJourney also included DMCA takedown policy in their terms of service. This will empower the artists to request the removal of any art piece if they feel it is violating copyright.

    Performance and Capabilities

    Dall-E

    A lot of training with datasets undergoes to train the system to consistently improve the performance and capabilities. Dall-E uses text descriptions in natural language to create high-resolution images and art pieces. Different attributes, concepts, and styles are mixed and matched to deliver the best results and performance.

    Dall-E edit

    On the 6th of April 2022, OpenAI launched the upgraded form of Dall-E with the name Dall-E 2. The concept of photorealism became more advanced and efficient with Dall-E 2 which can create realistic art using the data in the caption. The functionality of creating an image is general in Dall-E 2, but on top of that, it can also add some extra information on the existing image and also create different variations of the given images on the basis of the input you provide.

    Dall-E uses a technology called Clip (Contrastive language image pre-training)  for digital photosynthesis, which is developed by OpenAI. It helps to match the images with their corresponding caption in the best possible way, in simple words it works on text and image pairs. The process of text embedding and image embedding takes place to produce the best result from the given caption.

    MidJourney

    On the other hand, MidJourney also offers great performance and provides high-quality realistic art from natural language commands. By continuously upgrading the technology and removing the flaws in the system, MidJourney has evolved its capabilities a lot from Version 1 to Version 4.

    Every week and month, it releases some updates in the system that further improves the efficiency of the AI. If you compare the results produced by the previous version with the latest version, the image details in the latest version are top-notch with more clarity.

    In the previous version if you search “Alien spaceship over the futuristic city”, you’ll find the image with the spaceship but the placement of the spaceship was not well, even the futuristic city was also looking somehow messy. The latest version improved these flaws, now if you search for the same query, you’ll find a picture in which the spaceship is hovering over the city and even the city also looks much more realistic.

    Hence, the performance and capabilities of both AI-based systems are pretty much similar and deliver the best result in creating high-quality images.

    Quality of Art

    Creating an image undoubtedly becomes easy with Dall-E and MidJourney, both deliver exceptional quality and still improving with different updates. Here we have compared the quality of Art created by Dall-E and MidJourney. We have passed the same input which is ” ships sailing in a stormy sea” and get the below result.

    Comparison in Art Quality of Dall-E and MidJourney

    The left-hand image is created by MidJourney which looks clear and detailed, it recognizes the query very well and renders each keyword efficiently to provide the result. A stormy sea looks cool in the first image with every minute detail like the atmosphere is harmonized with the image providing a look of stormy weather.

    On the other hand, Dall-E has also generated the image of ships in stormy weather, but the image looks simple compared to the MidJourney image. The weather is normal and there is not much effect of the storm visible. It looks like ships in the sea and nothing more.

    Hence, we can say that MidJourney is more precise and accurate in creating images compared to Dall-E. But still, they are in the beta phase and continuously evolving, so it’s too early to judge the quality.

    User Interface and Accessibility

    Dall-E

    In order to use the Dall-E you need to create an account with OpenAI by visiting their official website and clicking on the signup button. You can choose your email address and password to create an account or simply use your existing Gmail account to create an account with OpenAI. After that, you also need to verify your mobile number to continue further.

    Once you complete your signup process, you will get 50 credits for free in your account in the first month and also get 15 credits every month, which you can use for creating an image in Dall-E. Now you’re ready to generate images from a description of natural language.

    In the search bar, you can input your imagination via query and the algorithm automatically generates the best outcome based on your search query. Mix and match the images and try different variations to get the best result from your search. You can also upload an image and suggest any changes to it through your command to create a unique piece of art.

    MidJourney

    MidJourney is currently operating on the discord server only, so to use MidJourney you need an account on the discord. First of all, you need to visit the website of MidJourney and click on the join beta program. After this, you need to accept an invite to the discord server from MidJourney. Now open your discord app and click on the boat shape icon of MidJourney, you can join any newcomer room with the name “newbie”.

    Use the prompt /imagine and start creating images from your imagination and get the result from MidJourney. The more precisely you give the input into the command the more accurate result you’ll get. You can also upload your image and apply different variations to it, this will change your existing image to a new modified image based on the changes you want.

    Price Comparison

    Dall-E

    When you just signup in OpenAI, you’ll get 50 credits for free to generate images in Dall-E and also get 15 credits every month. On top of that, you can purchase additional 115 credits for $15 if you are out of credit. This credit will get utilized every time you hit a search prompt and try different variations.

    Suppose you enter a search query “A girl looking at the moon at night” and hit the generate button. This will create some pictures for you, if you select any picture and try out different variations of the picture then also your credit will get utilized. In this example, one credit is used when you generated an image and one credit is used when you tried out a variation, hence you consumed two credits from your account.

    MidJourney

    The pricing plan for MidJourney is a little bit confusing for beginners as compared to Dall-E because it contains several plans and uses algorithms. Let’s compare each of them one by one, but before comparing the plan you need to be clear about certain terminologies like fast GPU time, relaxed GPU time, and private visibility.

    Fast GPU time: Whenever you enter any prompt for an image creation it will take GPU resources to render the image, the time taken by the GPU to render the image depends on the complexity, details, quality, and more. So fast GPU mode reduces the time to render the images and gives the output as fast as possible.

    Relaxed GPU time: In relaxed mode, GPU doesn’t take your work as a priority and takes its time to render the image.

    Private Visibility: your created images are visible to the public unless you put them into private. Your images will be on the server but visible only to you.

    • Free trial: when you sign up in MidJourney for the first time you will get 25 min/Lifetime fast GPU time. If one image generation takes around 1 minute of time then you can generate 25 images for free with this plan. Keep in mind that every time you generate an image or variation, it will take GPU, hence you’ll be charged minutes while generating a new image and also while creating a variation.

    Relaxed GPU time and private visibility are not provided in the free plan.

    • Basic: You’ll charge $10/month when you opt for this plan. In this plan, you will get 200 min per month of fast GPU time and a personal bot Chat. Relaxed GPU time is still not available in this plan but you can opt for a private visibility feature by paying $20/month additional.
    • Standard: In this plan, you’ll get 15 hrs/month at $30/month inclusive of relaxed GPU time. But in this plan also you need to purchase the private visibility for $20/month if you want.‌‌

    Also, for both the Basic and Standard plans you can purchase additional time if you are out for the given time in your plan. It will charge $4 for 60 minutes.

    • Corporate: This plan is best suited for big design companies that need to generate many art pieces and images. For $600/year, you’ll get 120 hrs/year of fast GPU time and unlimited relaxed GPU time, additionally you’ll get private visibility and a personal bot at no extra cost.

    Comparison of Features

    Features of Dall-E

    • Quick edit of the uploaded image based on the changes you want.
    • Different variations to explore and choose from.
    • Dedicated collection to store generated images in public or private folders.
    • Full usage right to commercialize the created image.
    • Already ensured safety before launching the beta version of Dall-E.

    Features of MidJourney

    • Anyone can join the beta program by using the discord link.
    • Different variations and high-quality images.
    • Diversified pricing plans.
    • Availability of Fast and relaxed mode.
    • Can upload an image and make changes.

    Conclusion

    AI has made work easier and effortless, but still, this technology is evolving and developing. Dall-E and MidJourney both of them are outstanding AI tools that help to generate realistic images through natural language. So, join their beta program and explore the new height of AI.

    FAQ

    Which is better DALL-E or MidJourney?

    DALL-E creates more real-looking images whereas MidJourney is more on different art styles.

    Can you use DALL-E images for free?

    DALL-E 2 is currently free to use, but there is a catch. For the first month, you are allotted 50 free credits to use and 15 free credits after that.

    What type of AI is MidJourney?

    MidJourney is an independent research lab that produces a proprietary artificial intelligence program under the same name that creates images from textual descriptions, similar to OpenAI’s DALL-E and Stable Diffusion.

    How does MidJourney actually work?

    MidJourney is currently only accessible through a Discord bot on their official Discord, by direct messaging the bot, or by inviting the bot to a third-party server.

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  • Why Do Startups With the Highest Valuations Make the Least Profit?

    Just because of valuation, startups often take the limelight as unicorns even when they are losing hefty amounts of money. This may seem strange, but older businesses are not regarded as strongly as startups, and in most cases, these existing businesses are valued well below their genuine value.

    Every day, businesses of every kind face an unpredicted plethora of threats. It is important to recognize that losses can be either caused by temporary (short-term or medium-term) or some continuous long-term issues.

    Number of Funding Deals for Startups Across India from 2015 to 2022
    Number of Funding Deals for Startups Across India from 2015 to 2022

    Unicorns in India, or companies valued at $1 billion or more, are contradicting the traditional wisdom that valuations are based on future earnings. As their losses mount, private investors are compensating them with progressively greater values.
    While lots of businesses continue to lose money quarter after quarter, a select handful achieves enormous success and become national brands. The trick, of course, is determining which of these businesses will make the transition to profitability and blue-chip position.

    Valuing a loss-making business can be a difficult task. A business with negative earnings or incredibly low earnings is considerably more difficult to appraise than one with positive earnings. In reality, rather than basic assessments, loss-making enterprises are valued primarily on hopes.

    In this article, we are going to discuss why we see that startups with the most valuation have the least profit.

    Startup Valuation
    Why High Valued Startups Have the Least Profit?
    Cases of High Valuation Low-Profit Startups

    Startup Valuation

    In simple words, startup valuation is the way of assessing a firm’s value, or valuation. An individual investor in a startup trades for a portion of the company’s stock during the seed fundraising round. This is why valuation is crucial for entrepreneurs since it allows them to determine how much ownership they must provide a seed investor in return for their financing. It’s also crucial for an investor, who needs to know how much of the company’s stock they will get in exchange for the money they put in during the early stages. As a result, startup valuation can be a deal-maker or a deal-breaker, which is why it does not include any speculation based on the valuation of other comparable businesses.

    Furthermore, before assessing a firm’s real worth, creators must have a thorough understanding of how the entire startup valuation process works. If there is little to no revenue-generating, founders tend to quote an excessively high amount to investors to raise seed funding, so the expectations will be rather high. However, if a firm is unable to fulfill the lofty targets, it may have to secure funding at a reduced valuation in the next round.

    This could backfire in the long term, and the startup or entrepreneur may have a difficult time persuading other seed financiers or companies to finance them. In contrast, if the business quotes are too low, it may wind up offering investors a larger portion of the company’s equity, which will be a negative factor.

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    Why High Valued Startups Have the Least Profit?

    Startups are not anxious about their losses or lack of profit-making capacity. Instead of focusing on this, they continue to advertise their long-term vision of expected profit generation. Founders of such startups tend to showcase their different techniques, technologies, and solutions to attract investors. They are good at storytelling and selling.

    Investors get inspired by the founders and their exclusive pitch and make startup investment risks with the hope of gaining profits in the future. Here, both the startups and the investors work based on future assumptions. The hope remains on the fact that the startup would be able to kill its competition and create its market. But when reality hits and things do not go as per the plans, these startups with high valuations (because of the huge investments) start going low on profit-making.

    It is the brand name and its worth that attracts investors to invest, taking the valuation of a startup to another level. For example- Groww (an investing platform), even with the least profits, raised a funding round in October 2021, which skyrocketed its valuation to $3 billion. However, Zerodha (financial services company), one of its biggest competitors, is highly profitable yet its valuation stands lower than Groww.

    According to Kunal Shah (CEO of CRED), “Unicorn tag, high valuation are all vanity metrics till the company delivers profits”.

    The discounted cash flow is the explanation for this unusual valuation. The discounted cash technique is used to value and evaluate the worth of the startups. When valuing a company, the discounted cash flow technique is used to forecast cash flow as well as the anticipated rate of return on investment. Businesses that are inevitably destined to fail in terms of income flow generation are given a higher discount rate.

    Such startups simply continue to be overvalued by executing a couple more spectacular funding rounds. After which the investors understand or anticipate that they’re not going to be successful after analyzing the stats and other relevant information and pulling any additional funding. These businesses will likely close or downsize their operations, leading to widespread job losses and a repeat of the 2008 financial crisis unless they figure up some sort of magical formula.

    Cases of High Valuation Low-Profit Startups

    Zomato

    The revenue of Zomato has soared by a significant percentage year over year, and losses have also risen by a substantial proportion. However, when you look at the overall picture, Zomato is present in 24 countries, including India. Furthermore, it has a monopoly in Restaurant Search in India, despite the presence of competitors making it more likely to succeed. Advertisements, classifieds, internet shopping, and consulting are further sources of its revenue.

    Revenue and Loss of Zomato from FY 2018 to FY 2022
    Revenue and Loss of Zomato from FY 2018 to FY 2022

    In FY22, Zomato recorded a revenue of $505.76 million, whereas its loss stood at $145.92 million. As a result, instead of seeing losses as a determining factor in funding, we perceive its brand value.

    Flipkart

    Although this is one of the most difficult startups to evaluate, the basics stay the same. Flipkart is attempting to instill in Indians the habit of shopping online. This is also being funded by investors. Online retail sales in India currently account for only 1% of total retail sales. If it were to rise to even 7-8% (as it is in the United States), E-tailer revenues in India would soar by a significant percentage. This is the expectation of investors.

    In FY22, Flipkart India’s revenue reached $6.034 billion, and losses widened by 40% to $410.75 million.

    Ola/Uber

    We usually went down, asked for multiple buses and taxis, and got refused by a majority of them when there was no Ola/Uber. But, thanks to Ola, we can now book a cab from the comfort of our own homes or offices and only get out when they arrive. It has made our lives more convenient with the added benefits of being cashless and air-conditioned. As a result, we have developed a strong trust and habit in them, which is exactly what they desire.

    Revenue and Loss of Ola Cabs from FY 2017 to FY 2021
    Revenue and Loss of Ola Cabs from FY 2017 to FY 2021

    In FY21, Ola Cabs’s revenue was $125.41 million, and its loss was $101.27 million.

    These are some of the names that stand in full pride with huge valuations as they have gained the trust of investors as well as the masses but at the same time continue to make lesser profits.

    Conclusion

    A startup’s worth is based on its potential to generate future cash flows, how much potential it has for future aspects, and keeping other essential factors constant. Apart from revenue generation, job generation statistics also matter. Investors believe that the startup they are investing in will grow to be a giant one day and that they will be able to make a profit of nearly ten times their initial investment. This risk allows them to stay competitive and keeps them in the play. Therefore, when valuing or comprehending startups, their prospects are perceived rather than the losses.

    FAQs

    What is startup valuation?

    It is the process of evaluating a company’s worth in the market based on different factors like profit-making capacity, growth potential, market conditions, etc.

    What are startup valuation methods?

    Popular methods include:

    • Berkus Approach
    • Market Multiple Approach
    • Risk Factor Summation Approach

    Which is the highest-valued company in India in 2022?

    Reliance Industries is the highest-valued company in India in 2022 with a $202 billion valuation, followed by Tata Consultancy Services ($139 Bn) and HDFC Bank ($97 Bn).

    Are all Indian unicorn startups profitable?

    Only 23 out of 100 Indian unicorn startups are profitable. These include Mamaearth, Lenskart, Nykaa, Zerodha, etc.

  • Investing in the Future of Healthcare: Why You Should Keep an Eye on Health-Related Startups and Stocks

    Investing in pharmaceutical stocks has become increasingly popular in recent years. The pharma sector continues to grow at a rapid pace. With the UK boasting a number of strong pharmaceutical companies, there are plenty of options for investors looking to make a long-term commitment. Here are 3 UK Pharma stocks I’d buy to get rich in 10 years:

    1. AbbVie (NYSE: ABBV)

    AbbVie is a leading global biopharmaceutical company that specialises in a range of therapeutic areas including oncology, immunology, neuroscience, and virology. AbbVie’s blockbuster drug Humira is a top-seller, and the company expects to profit significantly from its anti-inflammatory drugs Rinvoq and Skyrizi. AbbVie’s pipeline includes 20 different programs in phase 3 testing, making it a great long-term investment.

    2. Bristol Myers Squibb (NYSE: BMY)

    Bristol Myers Squibb is a leading global biopharmaceutical company that specialises in a range of therapeutic areas including oncology, immunology, and cardiovascular disease. BMS is conducting more than 50 clinical testing programs and recently won approval in the US for two cell therapies. It also manufactures Reblozyl, which treats anaemia in patients with blood disorders and myelodysplastic syndromes.

    3. Celadon Pharmaceuticals Plc (AIM: CEL)

    Celadon Pharmaceuticals Plc is a UK-based pharmaceutical company with a primary focus on growing indoor hydroponic high-quality cannabis for use in approved medicines. The company is committed to improving quality of life by researching and manufacturing cannabinoids for use in approved medicines with an initial focus on chronic pain. The company also has a majority stake in LVL Health, a chronic pain clinic, alongside a minority stake in cannabinoid-based biopharmaceutical company Kingdom Therapeutics. This provides Celadon with a direct inroad into its target chronic pain market, making it a great long-term investment.

    Investing in pharmaceutical stocks can be a lucrative and rewarding long-term commitment. I would be particular keen on investing in Celadon Pharmaceuticals PLC due to the company’s involvement in the legalisation of cannabis. CBD is a huge market as it is, and with the new data being provided to the regulating bodies, the stigma surrounding cannabis will soon be cleared for a lot of people.

    Why pharmaceutical stocks?

    Pharmaceutical stocks are attractive to investors for a few reasons.

    1. Demand

    The demand for pharmaceuticals is relatively constant and has been for the past decades. People will always need medication to treat illnesses and diseases, and as the population continues to grow and age, the demand for pharmaceuticals is likely to increase. Additionally, the pharmaceutical industry is highly research-driven, and companies are constantly working to develop new drugs to treat illnesses and diseases. This means that pharmaceutical companies are able to charge premium prices for their products and generate high profit margins.

    2. Regulation

    Furthermore, the pharmaceutical industry is also highly regulated – and for good reason.

    This provides a great level of stability for investors, as companies must go through a rigorous approval process (FDA) before they can bring a new drug to market. This helps to ensure that only safe and effective drugs are available to patients while providing investors with a prospective reflection on the companies potential ROI on a new drug.

    3. The Pipeline

    In addition, one of the key factors to consider when investing in pharmaceutical stocks is the strength of the company’s pipeline. What does that mean?

    Well, a strong pipeline of new drugs in development increases the chances of potential growth, as the company will be able to generate revenue from new drugs and medications they bring to the market. Additionally, companies with a diversified pipeline are less likely to experience significant drops in revenue if one drug in their portfolio loses patent protection or is not as successful as expected.

    What about risk factors?

    As with any investment, there is a certain risk involved.

    Aside from traditional risks that come with an investment into stocks, here are a few more risk factors that apply to pharma companies specifically.

    1. Regulatory Issues

    One of the key factors in the success of a drug is whether it will be approved by regulatory bodies, such as the FDA or EMA. There’s always the possibility that a new drug in development may not be approved, which can cause significant delays or even the failure of the product.

    2. Patent Issues

    When a drug’s patent expires, other companies can begin manufacturing and selling generic versions of the drug, which can significantly reduce the original company’s revenue as many tend to outsource this to the middle east or India. This can in turn have a major impact on a company’s profits and overall financial stability.

    3. Adverse Events

    Certain drugs can have unexpected side effects, and when it’s the case, the drug may be withdrawn from the market, leading to significant financial losses for the company, and reputational damage or even law suits.

    4. Competitions and Innovation

    New competitors and advances in technology can make a company’s products obsolete and lead to a decline in revenue and profits. Especially the biotechnology sectors has seen rapid growth in the past years. Biotechnology and genetic engineering have allowed for the production of highly targeted and personalized therapies, such as monoclonal antibodies and gene therapies, which have the potential to further revolutionize the treatment of various diseases.

    Consider these risk factors before you ultimately decide whether to invest into a stock or not.

    Conclusion

    Overall, investing in a few promising pharmaceutical stocks can be a great long-term commitment, as the demand for pharmaceuticals is relatively constant and the companies are constantly researching and developing new drugs.

    The above-mentioned companies, namely AbbVie, Bristol Myers Squibb and Celadon Pharmaceuticals Plc are great options for explore if you’re looking to make a long-term commitment by investing into the the pharmaceutical industry.

  • 10 Best Business Travel and Expense Management Software

    Did you know, as per the report of Emburse Certify, an average US business traveler spends approximately $949 on their business trip including all accommodation, airfare and other business expenses? This means that spending on business travel is an integral part of the business.

    The return on investment in business travel is approximately $2.90 for every dollar spent on travel, so businesses should plan for business travel for their employees. So keeping track of travel expenses is an important aspect to organize everything and run the business efficiently.

    Travel Expense Tracking Software is dedicated to serving you in this regard and helping you to manage your travel expenses. Here we have provided a list of the best travel expense-tracking software so that you do not need to search for software.

    What Is Travel Expense Tracking Software?
    List of Top Travel Expense Tracking Software
    TripActions
    TravelBank
    TravelPerk
    Zoho expense
    Egencia
    Coupa
    SAP Concur
    Expensify
    Chromeriver
    Emburse Certify

    What Is Travel Expense Tracking Software?

    Companies spend heavily on business travel, so in order to keep a track record of every penny spent on travel, businesses use travel expense tracking software. The software is well-equipped with features that help in organizing, monitoring and analyzing travel expenses.

    Businesses of all types can track their expenses and align employee travel with their corporate travel policy to ensure compliance. You get a detailed idea of ​​how much you have spent on which employee and plan appropriately for future travel taking the past travel experience into perspective.

    So without further delay, let’s dive into the list of top travel expense tracking software.

    List of Top Travel Expense Tracking Software

    The followings are the best Travel and Expense Management Software

    TripActions

    Rating 4.7/5
    Best For Traveler Planer for Each Employee

    TripActions is a powerful and robust travel and expense management software that is trusted by more than 8000 companies worldwide. Launched in the year 2015, TripActions is dedicated to providing the best user experience when it comes to managing business trips.

    It’s the only platform you need to manage physical and virtual cards for corporate travel expenses, and hotel and flight bookings with exclusive deals, cashback and rewards. Corporate travel policy plays a vital role in a business, this software provides real-time reports to ensure best-in-class business and policy decisions.

    TripActions

    The next-generation online booking tool of TripActions can save a lot of time in manual booking here and there, it integrates everything in an organized manner, and you can also access it through their mobile app. The enhanced user experience to book tickets and manage expenses in one place is incredible. It also rewards your employee in the form of Amazon Rewards if they save the company money on hotel bookings.

    Features of TripActions

    • Customizable and preset travel policies
    • Robust travel reporting
    • Travel booking and management with ease
    • Physical and virtual corporate cards
    • Expense management in automation
    • Next Generation online booking tool
    • Rewards and cashback while booking
    • 24/7 travel agent support

    Pros:

    • Ease of use
    • Great support
    • Rewards while booking flights and hotels
    • Competitive flight and hotel rates

    Cons:

    • Not connected with all airlines and hotels
    • Android app stucks sometimes
    • Not immediate rebooking when the flight gets cancelled

    Pricing:

    • Contact the sales team for pricing

    TravelBank

    Rating 4.4/5
    Best For Tracking and Expense Management

    Improve the visibility of travel expenses and manage them efficiently with TravelBank. It is an all-in-one solution for managing your expenses, booking, and cards. More than 50,000 companies are already using TravelBank to effectively manage their travel affairs.

    Business travel becomes seamless and hassle-free with features like expense reports, multi-level approval, online booking for lodging and flights, integration, and much more. For early-stage companies and individuals, it offers an expense-free plan in which features like unlimited receipt scans and unlimited expense reports are included for free.

    TravelBank

    The mobile-centric approach of this software provides the best-in-class mobile app to manage everything from the convenience of your smartphone. The advanced UI acts as a cherry on the cake that makes the app easy to use. It also offers a powerful desktop app to use in the office and improve efficiency.

    Features of TravelBank

    • Brex cardholders will get an exclusive of 4x Brex points on travel spend
    • Discounted corporate rates on flights and hotel booking
    • Real-time reporting
    • Customizable travel policy
    • Incentives in the form of rewards
    • Travel tracker duty-of-care dashboard

    Pros:

    • Rewards employees for saving the company’s money
    • Easy-to-use interface
    • Travel budgeting

    Cons:

    • A free trial is not available
    • Confusing reports and expense tab
    • The report scanning tool is not up to the mark

    Pricing

    • Travel: $15 /user/month
    • Expense: $8 /user/month
    • All-in-one: Custom pricing

    TravelPerk

    Rating 4.6/5
    Best For Medium sizes Businesses

    TravelPerk is an all-in-one software solution to track the expenses of business trips along with all the necessary features like booking hotels and flights, reporting, compliance, and much more. Over 5000 companies worldwide are using TravelPerk to manage their business trips and increase their productivity with robust reporting and analytics.

    FlexiPerk is the most unique feature of TravelPerk that empowers you to book flights, hotel, car, and train anytime and you can cancel your booking in a single click, no question asked. You’ll get your refund in a single click. This service is currently available in the US, UK, Switzerland, and EU.

    TravelPerk

    Easy to create and customizable Simple Travel Policy ensures you stay within spending limits. This policy will help travelers to stay within their budget and enable them to manage their travel.

    Features of TravelPerk

    • Group booking facility for 9 or more people
    • Vast Inventory
    • Flexible travel policy
    • Easy VAT recovery
    • GreenPerk feature to offset spending

    Pros:

    • Centralized invoicing
    • Instant set up
    • A free trial is available

    Cons:

    • Comparatively High pricing
    • Don’t have the option to view flights based on your budget
    • Inefficient customer support

    Pricing:

    • Starter: First 5 booking free then 5%/booking
    • Premium: $99/month + 3%/booking
    • Pro: $299/month + 3%/booking
    • Custom: Contact sales for price

    Zoho expense

    Rating 4.5/5
    Best For Automated Expense Reporting

    Zoho is a well-known and trusted Saas provider that offers varieties of cloud-based services to help businesses run their business smoothly and efficiently. Zoho expense is another great software of Zoho that provides travel and expense management features. Trusted by thousands of companies like Zomato, Makemytrip, and PUMA, it is available in more than 150 countries worldwide.

    Zoho Expense

    Empower your employee to add receipts and convert them into expenses seamlessly. You can set up approval for ticket costs and trips to manage your corporate travel more effectively. All the reports are stored in the cloud so that you do need not to worry about any paper in the future.

    Apart from all the basic features of travel management software, you can create a user and assign roles to them. You can also restrict access to employees and set daily, monthly and annual spending limits.

    Features of Zoho expense

    • Corporate card reconciliation
    • Expense report management and automation
    • Mileage tracking
    • Simplified and custom approval
    • Advanced customization option

    Pros:

    • Seamless integration with Zoho suite
    • Mobile app to manage travel on the go
    • Interactive UI
    • Multi-factor authentication and single sign-on

    Cons:

    • The mobile app crash sometime
    • Timely response from support is missing

    Pricing

    • Free trial
    • Standard: Rs 99/user/month
    • Premium: Rs 199/user/month
    • Enterprise: Rs 299/user/month


    Click here to get Zoho

    Egencia

    Rating 4.4/5
    Best For Enterprise and Corporate Business

    Egencia has served more than 9000 companies across 60 countries and was launched in 2002. Having a great experience in the field, Egencia is committed to modernizing travel and expense management. End-to-end corporate travel planning becomes seamless and effortless with the powerful and robust software of Egencia.

    Simplifying the task of corporate travel planning is the priority of Egencia, and ensuring that it provides an easy-to-use user interface for booking, approving travel requests and modifying travel. Your employee’s well-being and safety are a priority, and Egencia Travel Advisor ensures this with travel alerts and advice.

    Egencia

    It optimizes the travel experience of your employees through the program like Egencia top 100 corporate hotels. This program shortlists the hotels that are committed to putting the customer experience first.

    Features of Egencia

    • Travel management consulting
    • Egencia analytics studio
    • Benchmarking dashboard to compare peers
    • Travel policy management tool
    • Geographic risk level indicators

    Pros:

    • Automated reporting
    • Robust mobile app
    • Meeting and event planning experts

    Cons:

    • customer support is average
    • Not intuitive interface
    • A free trial is not available

    Pricing:

    • Request custom price quotes

    Coupa

    Rating 4.1/5
    Best For Procurement Modules

    Coupa launched its end-to-end travel and expense management software in 2022 to help businesses take care of their Corporate travel more efficiently. It is new to the field of corporate planning but has significant experience in providing similar services like contract management, supplier management, invoicing, treasury management, and similar services.

    From planning a business trip to booking flights and hotels to providing traveler support, expense reports and compliance, it caters for everything you want in a travel tracking software.

    Coupa

    Enhanced visibility in expense insights gives you a clear picture of all your travel spending in one place, using this you become capable to gauge your spending. The advanced trip price prediction of the Coupa is capable enough to predict the spending that may occur during a future trip so that you can prepare for it and stay within your budget.

    Features of Coupa

    • Automated expense reporting
    • Intelligent audit algorithm
    • Coupa’s trip price predictions
    • Valuable Insights from Community.ai
    • Smart itineraries

    Pros:

    • AI fraud detection
    • Real-time travel insights
    • IOS and Android mobile app

    Cons:

    • Price is not disclosed
    • Lack of customization
    • Not interactive and modern dashboard

    Pricing:

    • Contact sales

    SAP Concur

    Rating 4/5
    Best For Travel, Expense and Invoice Management

    SAP Concur is another great software to consider for your business travel and expense management. It is declared as a leader in the IDC market scape report for travel and expense management. Through this, you take control of all your spending that happens on a business trip. Duty of care is a legal obligation for every business to ensure the safety of their employees, so this software ensures a safe travel experience and helps you stay compliant with the laws.

    SAP Concur

    A well-drafted travel policy can save a huge chunk of your money by giving clear information on which expense is reimbursable and which is not. SAP Concur will help you to prepare the best travel policy that you can customize at any time.
    Even when you book your ticket through a channel other than SAP Concur, it captures the details and helps you manage each and every expense. It also provides you with consolidated reports of each and every expense in a single dashboard.

    Features of SAP Concur

    • Triplink to capture the booking made outside of SAP Concur
    • Easy travel compliance for employees
    • Employees are empowered to book their ticket
    • Speed up the request and approval process with Concur request
    • ExpenseIT to simplify expense reporting

    Pros:

    • Availability of iOS and Android app
    • Easy reimbursement
    • Slack integration

    Cons:

    • Old and messy interface
    • Price is not disclosed
    • Cumbersome to audit expenses

    Pricing:

    • Contact sales

    Expensify

    Rating 4.4/5
    Best For Expense Tracking

    Expensify is the deserving candidate in our list of top travel tracking software because of its amazing features and huge customer base. Launched in the year 2008, it has served more than 12 million people worldwide. It is one of the companies in the world that has the highest revenue per employee.

    Advanced features like Smart Scan have the ability to scan all receipts, streamlining the approval process and speeding up the reimbursement process. Since everything is in one streamlined process, it can integrate all of your business travel expenses into your favorite accounting software.

    Expensify

    Apart from all the basic features like expense management, bill payments, invoicing and travel management, it also offers the Expensify card which earns you up to 4% rewards on every purchase. 10% of the revenue earned on each Expensify card will be donated to Expensify’s charitable organization known as Expensify.org.

    Features of Expensify

    • Expensify Card
    • Smart scan
    • Notification alert and rebooking of other flights when the flight got cancelled
    • Easy booking through chat with concierge
    • Streamlined travel compliance
    • Corporate card reconciliation
    • Multiple approvers
    • Advanced tax tracking

    Pros:

    • PCI-compliant security
    • Delegated access
    • Reasonable pricing
    • User-friendly mobile app

    Cons:

    • No option to filter the expense list
    • Difficult to add approves
    • Smart scan fails sometimes

    Pricing:

    • Free: $0
    • Collect: $5/user/month
    • Control: $9/user/month

    Chromeriver

    Rating 3.7/5
    Best For Document-related Processes

    Chomeriver is an end-to-end travel and expense management software that mitigates the hassle of managing corporate travel. It helps organizations automate and streamline their document-related processes, such as document creation, review, and approval. The platform also includes features for collaboration, document storage and management, and integration with other business systems and tools.

    Chomeriver

    The ACFE survey estimates that businesses lose 5% of revenue each year due to fraud and out-of-policy spending. Chromeriver automates compliance and expense management to save time and detect such frauds.

    Features of Chromeriver

    • Improved budgeting and forecasting
    • Easy integration with any travel management company
    • Real-time reporting of expenses
    • Prioritized safety and awareness
    • Seamless payment data tracking
    • Availability of reimbursement card

    Pros:

    • Show progress of reimbursement
    • Mileage tracking
    • OCR capability
    • Duty of care compliance

    Cons:

    • Pricing is not disclosed
    • Not wholly dedicated to travel management
    • Difficult to navigate UI

    Pricing:

    • Contact the support team for pricing

    Emburse Certify

    Rating 4.5/5
    Best For Quick Approvals and Expense Reports

    Emburse Certify is a software solution that makes travel and expense management, report and analytics, and reimbursement easy and efficient. Having a user base of more than 12 million and a presence in more than 120 countries, this software is trusted and offers all the necessary features to track travel expenses.

    Empower your employee to travel without the headache of thinking much about trip planning because this software handles everything from start to end with full flexibility. You’ll find the best corporate rates for travel booking for flights, rail, hotel, and car rental.

    Emburse Certify

    Contact the support team anytime via chat, phone, or email and get your query solved immediately. With Certify, your employees are always in the compliance area of your corporate policy. You have full flexibility to modify the policy at any time and change will reflect in real-time.

    Features of Emburse Certify

    • Data autofill and report scanning
    • Automated policy enforcement
    • Full reporting suite with analytics
    • Multiple user roles
    • Control of approval routing‌‌

    Pros:

    • Available in 140+ currencies
    • Credit card integration
    • IOS and Android mobile app

    Cons:

    • A free trial is not available
    • A lot of back and forth creates inconvenience

    Pricing:

    • Certify now: $12 /user/month
    • Professional and Enterprise: Contact support

    Conclusion

    From planning a corporate trip to completing the entire trip, everything needs to be reported perfectly without missing anything. The above list of software helps in everything from travel booking to managing expenses easily, so choose the best one from the list and save a lot of time and resources in tracking travel expenses.

    FAQs

    What is Travel and Expense management software?

    Travel and expense management or tracking software allows and provides users with a platform for planning, purchasing, and recording travel expenses. It also ensures employee work-related travel adheres to company policy.

    How do you manage travel expenses?

    Avoiding business class is one best practice that goes without saying, but here are some other ways you can reduce your air travel expenses:

    • Book tickets in advance
    • Don’t stick to one favourite booking website
    • Partnering with airlines
    • Reduce costs by scheduling meetings well
    • Use Travel Expense Management software for tracking expenses

    How to choose the best  Travel Expense Tracking Software?

    You should consider several factors before choosing the best travel expense tracking software for your business such as whether your employee is traveling more on roads or they travel more by air, for this make a list of priorities and features that you need in your software.

    What are the best Travel Expense Tracking Software?

    The following are the best travel and expense management software

    • TripActions
    • TravelBank
    • TravelPerk
    • Zoho expense
    • Zoho expense
    • Coupa
    • SAP Concur
    • Expensify
    • Chromeriver
    • Emburse Certify

  • Rooter Success Story: India’s Number One Live Gaming & Esports Streaming Platform

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Rooter.

    Live streaming platforms have seen a significant surge in their usage for the last few years. Be it reels or live game streaming, each of these categories has its own desired amount of audience. One such platform is Rooter.

    Rooter is a gaming app and also a game streaming app. It is counted as the largest esports and game streaming platform in India. Read further to know more about Rooter like business mode, startup story, founders and team, story behind the name, and many other aspects concerning the startup.

    Rooter – Company Highlights

    Company Name Rooter
    Founded 20 May 2016
    Founders Mr. Piyush Kumar and Mr. Dipesh Agarwal
    Headquarters New Delhi, India
    Industry Esports and Gaming
    Website www.web.rooter.gg

    Rooter – About
    Rooter – Industry
    Rooter – Founders and Team
    Rooter – Startup Story
    Rooter – Mission and Vision
    Rooter – Name, Tagline, and Logo
    Rooter – Business and Revenue Model
    Rooter – Products and Services
    Rooter – Challenges Faced
    Rooter – Customer Acquisition and Growth
    Rooter – Funding
    Rooter – Competitors
    Rooter – Recognition, and Achievements
    Rooter – Future Plans

    Rooter – About

    Rooter is the leading game streaming and esports player in India built for the global mobile gaming market. They are one of the largest esports and games streaming companies in India with more than 16 Million monthly active users.

    Today, India is home to nearly 450 Mn gamers spread across Tier 1, 2, and 3 cities. Also, close to 100 million people actively enjoy viewing gaming content.  Seeing these trend markers, the Rooter team believes that the future of social media is in gaming.

    People from diverse age groups will connect and engage over playing games, more than any other content consumption category. Rooter aims to be the platform that makes this happen.

    Rooter – Industry

    The online gaming industry is projected to grow at 18% CAGR to surpass $182 billion in 2025 from its current market size of $79 billion. Esports too is on the rise in India with prize pools expected to reach INR 1 billion by FY 2025.

    The rapid growth in the space is being accelerated due to a series of factors like a widening younger population base, higher purchase propensity of gaming consumers, the introduction of new gaming genres, an increasing number of smartphone users, and a high internet penetration rate. Apart from these factors, there are also some clear trends that are expected to shape the future of the space, like:

    • Coming of Web 3.0: The decentralized, interoperable gameplay experience underpinned by blockchain technology is expected to not only scale engagement but also facilitate asset building and earnings for gamers in the form of digital tokens, NFTs, cryptocurrencies, and more.
    • Launch of 5G networks and supportive infrastructure: 5G services are expected to deliver low latency, superfast throughput speeds, and extra bandwidth, which would be ideal for future gaming including cloud-based games, easier concurrent play for esports, and more accessible VR experiences with limited set-up infrastructure.

    Rooter – Founders and Team

    Rooter was founded through the joint efforts of Mr. Piyush Kumar and Mr. Dipesh Aggarwal.

    Mr. Piyush Kumar

    Mr. Piyush Kumar - Founder and CEO of Rooter
    Mr. Piyush Kumar – Founder and CEO of Rooter

    Mr. Piyush Kumar is a Computer Science graduate from Delhi University. After graduation, Mr. Piyush Kumar spent 14 years in key marketing and strategic brand-building roles with a diverse portfolio of companies cutting across Media and Entertainment, F&B, and Consumer technology like Dish TV, ITC, HCL, AB-InBev and Rado (Swatch Group).

    During this time period, he was responsible for developing Go-to-Market strategies, driving sales footprint, and building brand voice across a cross-section of marketing channels. As for his role with Rooter, he is the CEO of the country’s biggest esports and game streaming platform and holds responsibility for the P&L. Maintaining investor relations and driving revenue generation as some of his key focus areas.

    Mr. Dipesh Agarwal

    Dipesh Aggarwal is the COO of Rooter and is responsible for product growth, focusing on building the Rooter content platform and creating a strong community. He works closely with the technology head to build this out. He met Piyush Kumar on Twitter in a very unusual way. From there on, his prime focus is on making the platform Rooter better.

    Mr. Dipesh earned his engineering degree from Jadavpur University. He is also a huge football (and Liverpool) fan and always desired to make a career in sports-related businesses. He also used to write for some leading sports media houses in the UK before meeting with Piyush Kumar.

    What started with 2 people is currently a team of 100+ passionate people, building the biggest eSports and game streaming platform out of India with global aspirations.

    Rooter – Startup Story

    Rooter Desktop Live Streaming
    Rooter Desktop Live Streaming

    Mr. Piyush Kumar is someone who was adapted to social media very early in his life. He used to find social media to be one of the best channels to meet new people and observe how they connect with each other. He believes that social networks have helped people to become part of communities and engage on topics of common interest.

    When it comes to sports, in particular, it is incredible to see how strangers bond over discussions around a football match, a cricket series, or any other gaming or sports tournament.

    With the same thought, Both the founders of Rooter started thinking about creating a technology-enabled fan engagement platform built around live-action sports, where users could enjoy match prediction games, real-time commentary, participate in chat forums, share trivia, and other multimedia content around the event. That’s how Rooter was born in 2016.

    That was the story of how Rooter was born. But before that, finding the co-founder is also an exciting story shared by Mr. Piyush Kumar. Mr. Piyush Kumar believed that finding the right co-founder is as important as the idea or the investor partner. After all, when one is building a startup one needs to be ready for the ups and downs of the journey, and having someone you can trust is non-negotiable

    He found Mr. Dipesh Agrwal on Twitter back in February 2016 in a very interesting way. Their meet was the result of a tweet posted by Mr. Piyush Kumar looking for a football fan who can also head the content team for a startup. Among the responses present over there, the profile of Mr. Dipesh Agarwal stood out.

    From his profile, Piyush Kumar got the idea of his knowledge and expertise in the sports and technology field. He also noticed that Mr. Dipesh Agarwal has a good understanding of the pulse of sports fans, and the kind of content they would love to engage with.

    This understanding led to virtual and offline meetings between both them in Kolkata and Delhi to affirm their vision as one. Not only they had cracked the product to build, but with Mr. Dipesh Agarwal’s technology and content expertise and Mr. Piyush Kumar’s experience with building and scaling consumer products, they made a great team for this business.

    Together they worked out on partnership roadmap that was based on complete honesty and transparency in their engagements, strong integrity in their actions, and deep respect for each other’s perspectives.

    Between 2016 and 2019, they tested and built multiple features to become the one-stop destination for live sports-related content. But soon realized that they were able to have high engagement peaks only during the live events. Apart from that, their retention rates had started to plateau.

    To overcome this, they needed to work with a content stream that was equally engaging, self-sustaining, and round-the-clock – which is what gaming turned out to be.

    The pandemic and halting of sporting events became the moment of truth that led them to plunge full steam into game streaming. It’s a far bigger market, but the thesis remains the same – there are multiple things that can bring unknown people together to share some of the most enjoyable experiences of their lives and this is what they wanted to make happen.

    Within the first three to four months Rooter team started getting strong signals that pivoting was the right thing for their business. This pivot not only helped them crack the right product-market fit but attracted marquee investors to the story.

    Rooter – Mission and Vision

    The company was launched with the mission to provide a fair and inspiring platform to gaming content creators, equipping them with tools to produce entertaining content that is unique to their personas, while benefiting from monetizable opportunities for their efforts.

    At the same time, by building a rich and diverse content repository, driving effortless discovery, personalized recommendations, and convenient share-ability, the platform offers immersive community experiences for gaming enthusiasts to connect and bond over

    Being a sports-related business, the Rooter founders didn’t want to use common terminologies like ‘sport’ or ‘fan’, because it would have gotten lost in the deluge of already available apps in the space.

    At the same time, they wanted to find a word that represented the community of fans they were catering to and their passion for sports. Mr. Piyush Kumar was inspired by how Twitter got its name, and how the word represents both a noun and a verb.

    So the Rooter team wanted the name to pack the same punch and found Rooter, which means supporter or fan of a sports team or player, as the perfect name for the firm.

    Rooter – Business and Revenue Model

    Rooter is the only player in the game-streaming category to have built monetization capabilities. They have multiple revenue streams, which include advertising, performance marketing, in-app purchases, sponsored events, and creator subscriptions.

    In fact, over the span of Q1 2022 to Q2 2022, they achieved 83% growth in revenue and a 59% spike in MAUs (monthly active users) to reach 15.2mn MAUs. Rooter has also even witnessed a 92% increase in gifting value over six months through their dedicated commerce store, Rooter Shop, where people can make in-app purchases like buying our virtual currencies (Rooter Diamonds and Rooter Gems) for fan-gifting purposes, earn engagement-based rewards and more.

    Rooter is now on track to hit $10mn ARR by Dec 2022. They have already partnered with 100+ top brands like Flipkart, Amazon, Intel, HP, Pizza Hut, Godrej, PhonePe, CoinDCX, Unacademy, Byju’s, Chingari, Josh and more, helping them target a wide and highly-engaged demographic of youth consumers.

    They’ve always believed monetization is critical to tech-driven, community-building efforts. Becoming the only Indian player to launch and build these channels has given them the confidence to explore more such opportunities for the associated creators.

    Rooter – Products and Services

    Rooter Mobile App Home Screen
    Rooter Mobile App Home Screen

    Rooter has built one of the most user-friendly tech interfaces on their mobile app and website which allows everyone from professional gamers to newly minted content creators to stream without a hitch and get the opportunity to monetize from their content.

    At the same time, consumers can access highly personalized content recommendations, engage with fellow fans and streamers, and explore gifting and earning options.  Some of their product features are:

    • Enhanced User experience: The platform has deployed a Machine Learning model which helps the platform in tailoring content feeds for the users as per their watch history and preferences.
    • Enabling content-creation tools: Rooter is the only app in the country that allows gamers to stream content directly using its in-built features, while the fans can enjoy a live streaming experience smoothly on the same app.
    • Gamified engagements: Gaming fans can gift Rooter Diamonds, a native currency on the Rooter platform, to their favorite creators. This in-app gifting allows them to show their support for their favorite streamer while they in turn get to engage and bond with their fans. Rooter has also introduced Rooter Coins which can be unlocked through watch-to-earn and create-to-earn models, enabling creators and users alike to earn from their experience. These Coins can be further redeemed for exciting gaming coupons and gift vouchers, allowing them to continue engaging and growing on the platform.

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    Rooter – Challenges Faced

    When Rooter was started as a sports engagement platform, they were able to attract a huge number of sports fans, however, despite positive feedback on the product, scalability after a point plateaued as it became dependent on physical matches and sports events when fan engagement numbers would peak.

    With the pandemic, they found a stronger market in gaming-related content which was round-the-clock, had a growing user base cutting across age groups, and has extremely high engagement rates. Hence in 2020, Rooter pivoted to a full-fledged esports and game-streaming platform, and today they have a 30% market share in the category.

    Rooter – Customer Acquisition and Growth

    Rooter - Reel
    Rooter – Reel

    Rooter currently has over 16 Mn monthly active users (MAUs) and is expected to have a 138% rise in its user base by mid-next year to 38 Mn MAUs. Starting with 50,000 content creators at the beginning of 2021, they now have close to 10 lakh exclusive content creators on the platform.

    While an enormous credit for this rise goes to the fact that the gaming market has matured, the Rooter team has also managed to identify the right product-market fix.

    Their differentiators are:

    • Our tech-first approach: They have built one of the most user-friendly tech interfaces across their mobile app and website which allows everyone from professional gamers to newly-minted content creators to stream without a hitch
    • Our sharp focus on community building: From providing hands-on support to their creators to leveraging data science and machine learning to deliver personalized gaming content to millions of users – they are creating a rich community experience for everyone
    • Our Content supply is the best in the market- Having the top 12 esports teams and the next 30 upcoming teams along with multiple Tier 1 creators like Yuzi Chahal and Riyan Parag cricketers is a reflection of how Rooter has become the most preferred platform for gamers. This, alongside its strong community program that creates thousands of upcoming streamers every month, and the users who are becoming content creators in gaming through streams and reels has helped them create a rich repository of gaming entertainment.

    These have all contributed to making them the most preferred platform in the country, attracting some of the biggest brand sponsors and simultaneously increasing the user’s trust in them.

    Having the first few consumers is really a big task. Rooter accomplished that easily. Its first 10,000 consumers for the platform came through organic channels. As they were building a sports community engagement platform, word of mouth is how their initial audiences were attracted to the platform.

    Rooter – Funding

    Rooter has raised $30 mn so far, including their most recent Series A round in January this year. The round saw some of the leading blue-chip funds like Lightbox Ventures, March Gaming, and Duane Park Ventures join their cap table, which also includes marquee investors like 9Unicorns, ADvantage, Capital-A, Goal Ventures, IeAD Sports, and Health Tech Partners.

    They’ve been deploying the investments to scale user growth, create a robust content creator ecosystem, and build a marketplace for the gaming community. Over the last eight months, they have crossed 50 Mn app downloads and over 16 Mn MAUs. The top 12 Esports teams in the country and over 1.2 Mn unique creators every month, stream on Rooter.

    Also, they’ve become the first game streaming and esports platform to introduce monetization channels and are sharply aiming for revenue growth from $5mn ARR right now to $10mn before the end of 2022. With all these developments, Rooter is focused on becoming the leading player in the country to drive the gaming creator economy.

    Rooter – Competitors

    The two biggest competitors of Rooter are Twitch and Loco.

    Rooter – Recognition, and Achievements

    • Economic Times Brand Equity SPOTT Awards 2022: Gamechanger of the Year in streaming category: Rooter
    • Business World 40 under 40 Entrepreneurs of 2017 for Piyush Kumar, Founder and CEO of Rooter

    Rooter – Future Plans

    Rooter is already the largest esports and game-streaming platform in the country today and is now focused on strengthening its category leadership substantially. They expect to reach 38 Mn+ MAUs by June 2023 and clock 4x growth in ARR by the end of next year.

    They are also targeting a business expansion to 45% market share. Rooter is also the only platform to have successfully developed a wide array of monetization opportunities over the last year. They will continue to build these out as strong revenue channels for the business.

    Moreover, being the leader in content partnerships while working with some of the country’s largest publishers, teams, and creators, their focus over the next year will be on consistently growing the talent and partnership pool.  

    Conclusion

    Rooter is an esports and game streaming platform that is used by 16 million monthly active users. It was developed by two sports lovers named Mr. Piyush Kumar and Mr. Dipesh Agarwal.

    It was created with the aim of providing a fair platform for gaming content creators which is in much demand nowadays. The above article contains more details on Rooter and its journey to becoming the number one game streaming platform in India.

    FAQs

    Is Rooter an Indian app?

    Yes, Rooter is an Indian app with its headquarters located in New Delhi.

    Is Rooter good for streaming?

    Yes, Rooter is considered a good platform for streaming based on the platform being accepted as the number one game streaming platform in India.

    What is meant by Rooter streaming?

    Rooter gaming app or a Rooter streaming app is a live streaming app that allows its users the option of providing an e-sport streaming as a good quality video.

  • Health Revolution: Changing the Dynamics of the Healthcare Industry

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Health Revolution.

    The health industry has bloomed post-pandemic. There were many reasons for this. One of such reason was the blind trust of people in the medicines and their approach after surviving the pandemic.

    However, when we talk about reality, medicines are not the only way a person can heal. Healing comes from within. With the same thought, Dr. Anoop Kumar started a health and wellness startup that can help people view their own path of healing.

    Read further to know more details about Health Revolution startup including its startup story, business model, products and services, etc.

    Health Revolution – Company Highlight

    Company Name Health Revolution
    Founded 2022
    Founders Dr. Anoop Kumar and Ms. Sreesha Sreenivasan
    Headquarters Washington, DC
    Industry Healthtech/Healthcare, Health and Wellness
    Website www.healthrevolution.org

    Health Revolution – About
    Health Revolution – Industry
    Health Revolution – Founders and Team
    Health Revolution – Startup Story
    Health Revolution – Mission and Vision
    Health Revolution – Name, Tagline, and Logo
    Health Revolution – Business and Revenue Model
    Health Revolution – Products and Services
    Health Revolution – User Acquisition and Growth
    Health Revolution – Challenges Faced
    Health Revolution – Future Plans

    Health Revolution – About

    Started by Anoop Kumar and Sreesha Sreenivasan, Health Revolution is focused on revolutionizing the way the health industry works. The startup is focused on introducing the natural healing techniques and experiences of already healed people to the world through its programs.

    They use four basic aspects of health which are nutrition, movement, connection, and rest in their techniques for the healing purpose.

    The company is registered in Delaware, USA, and has team members segregated in the US and in India. They are in a pre-revenue stage as they have created an MVP which will launch on Jan 2, 2023.

    Health Revolution – Industry

    The global healthcare market size was estimated at USD 2.2 Billion in 2021. It is also expected to expand at a CAGR of 21.92% for the next few years. It is estimated to reach up to USD 7.3 Billion in 2027.

    When we talk about the future of the healthcare industry after five years as per the belief of the Health Revolution team. It can be predicted that the healthcare and wellness industries might get merged. The reason behind merging can be the belief of people that health and healing happen where they are and it is not important to be present at a clinic or a hospital.

    Startup “Health Revolution” is focusing on crumbling the barriers to healing through their knowledge of four engines named Nutrition, Connection, Movement, and Rest. In the time span of the next five years, they are looking toward capturing the vernacular language market by introducing their programs in Spanish and Hindi languages.

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    Health Revolution – Founders and Team

    The Health Revolution was founded by Dr. Anoop Kumar and Ms. Sreesha Sreenivasan.

    Dr. Anoop Kumar

    Dr. Anoop Kumar - CEO and Co-founder of Health Revolution
    Dr. Anoop Kumar – CEO and Co-founder of Health Revolution

    Dr. Anoop Kumar is the subject matter expert and the CEO of the Health Revolution. He had been working on solutions and ways to resolve the deep-rooted misconceptions revolving within the medical industry which were causing harm and creating a REAL EMERGENCY in the whole world including the US.

    Dr. Anoop Kumar is also a media person and has appeared on many podcasts and interviews, especially with Dr. Deepak Chopra. He was also closely associated with the Chopra Centre in the US. Dr. Anoop Kumar is also the author of two books named Is this a Dream and Michelangelo’s Medicine.

    Ms. Sreesha Sreenivasan

    Ms. Sreesha Sreenivasan - Co-founder of Health Resolution
    Ms. Sreesha Sreenivasan – Co-founder of Health Resolution

    Ms. Sreesha Sreenivasan was then the Administrative Founder and Director of La Femme Hospital in Bangalore. She was also undergoing grappling and distraught on seeing the utter chaos, confusion, and disillusionment in the lives of those who visited a hospital obviously not out of choice.

    Her quest to find solutions, and resolve the angst of the ones who were suffering, led her to constructive conversations with Dr. Anoop.

    Health Revolution startup has a few mentors associated with it named Daniel Rovira, Patri Hernandez, and Richard Rekhy.

    Health Revolution – Startup Story

    The base for the startup somewhere came from the past experiences and observations of both its co-founder.

    Dr. Anoop Kumar’s journey started in childhood when he was exposed to ancient texts on Medicines and Vedas, This soon was given a science-backed understanding as he went through his Medical Studies and Management training.

    As he embarked on the role of an ER physician, he soon witnessed the realities of Healthcare. This led him to witness and come face to face with several myths and deep-set misunderstandings in the world of Health.

    The co-founder of the company Ms.Sreesha Sreenivasan had witnessed the stress that an average human being feels on entering a hospital. This happened during her tenure as Director of La Femme Hospital.

    She wanted power and clarity for each who was burdened/confused/disillusioned when seeking recovery or understanding their own ailments. She wanted the power of recovery to go back to the hands of the sick, and not be helpless in the world of Healthcare.

    They researched the idea for Jumpstart through their exposure to clinical and administrative practice for over two decades. It has been validated through interviews with dozens of guests on the Healing Is Possible podcast, private consultations, and through their MVP.

    Dr. Kumar has also worked very closely with Dr. Deepak Chopra and has conducted impactful programs for the Chopra Centre which were very well received.

    Initially, they spoke with many accomplished industry leaders and domain experts who were inspired by the idea and offered their advice in support of the venture. A few of them are Annurag Batra, Richard Rekhy, Sagar Rajagopal, Daniel Rovira, Bill Dolan, Rakesh Godhwani, and more.

    Health Revolution – Mission and Vision

    Health Revolution is a health tech startup. The Founder and CEO of this disruptive startup had the vision to bust all myths surrounding the Healthcare ecosystem. In a world where we are helpless in the hands of Doctors, Hospitals, and clinics, he wants each and every human to understand that healing is human, the power is within.

    At times the simplest of facts get lost while complicated facts become accepted norms. This is the inversion of the narrative he wants to achieve through his flagship and of its kind program “Health Jumpstart”.

    The objective and vision are humongous: To make every individual aware that healing and discovering the frontiers of human potential begin with activating the Four Engines of Nutrition, Movement, Connection, and Rest–which are the Primary Medicine available to all of us–and not by automatically following the beaten path of pills and surgeries.

    The two enthusiastic founders of Health Revolution were intent on getting a revolution into the Healthcare industry. They had entered the foray with the clear vision of altering the dynamics and equation in the highly corporatized world of Health care. Revolution was what they were intent on getting, health is the industry into which they have ventured, thus the name Health Revolution.

    The years of research, application, and evidence were enough to signify that their flagship program would unleash HEALTH in all, thus Health was to get a jumpstart! Hence, the program was named Health Jumpstart.

    Health Revolution – Business and Revenue Model

    Website
    Website

    Health Revolution works on a profit-based business model. They offer paid online courses which people can attend from all over the world and take charge of their own health and healing. These courses are priced reasonably between $200/INR 12000 for a 4-week course which can explain in detail the basics of true health.

    Dr. Kumar has worked extensively with Dr. Deepak Chopra in the US. And in India, they are looking towards partnering with corporations for their employee wellness initiatives.

    Health Revolution – Products and Services

    People are unnecessarily suffering because they do not recognize the power they have to heal and develop their potential. Healthcare maintains a state of disease in our society by marketing disease management as health.

    There is no clarity on the relationships among disease, health, healing, wellness, and well-being. There is no consistent, clear, compelling program available in multiple languages and reaching billions of people that teach the powerful fundamentals of health, healing, and human potential.

    The startup has invented multiple theories and techniques to help out humans with diseases. Their innovations are as follows:

    • The Four Engines – A clear, consistent, and compelling approach to health and healing that encompasses the health knowledge from both ancient and modern cultures alike.
    • Mind-Body-Flow Theory – This is a combined application of philosophy, introspective practice, and science that helps people directly recognize and apply the connection of mind and body to heal.
    • Meta-Map – A cross-disciplinary vision emphasizing that the approaches of apparently discrete fields like disease management, healthcare, healing, wellness, and spirituality are in fact nothing but the Four Engines in varied forms. In other words, by simply activating your Four Engines, you will reap the benefits of many discrete fields that have otherwise fractured health into different compartments.

    Health Jumpstart

    Health Revolution - Health Jumpstart Course
    Health Revolution – Health Jumpstart Course

    It is their key product, it is a 4-week online program that helps people create their own path to health and healing by focusing on the Four Engines of Nutrition, Movement, Connection, and Rest. Each day of the week, participants receive a video teaching them about the topic for the day, as well as a practice they can use to experience a change in their lives.

    Along with this, they participate in two live sessions weekly. Each week is taught by a dedicated instructor specializing in that field, along with Dr. Kumar who is overseeing the program. By the end of the 4 weeks, participants will have a taste of the power they have to heal and continue their journey, along with a unique map and practice that they themselves have created through the program.

    The second program created by them will be a B2B package focusing on mental health issues. It was created after the deep observation by the founders regarding misconceptions of the mind. The program will focus on the concept of the Mind Theory. It will allow the applicants to have clarity and power in their own mental well-being.

    As for the platforms, associated with the startup, they have a youtube channel called Healing is Possible that shares stories of people who have healed from apparently incurable health conditions. Other than that they also have a Wix site and other few other social media channels.

    Health Revolution – User Acquisition and Growth

    Getting the first 100 customers is a big task for every new startup. The same task was faced by Health Revolution too. Which, they tackled easily and gain a name for their platform in the market. The biggest strike they had was when Dr. Anoop Kumar was invited to some of the major podcasts.

    From there enrollment for the program started. This initiated the organic method of publicity that is through word of mouth. Some other methods that helped the firm gain customers were from the YouTube Channel of Dr. Anoop Kumar named “Healing is Possible” Channel and through social media networks.

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    Health Revolution – Challenges Faced

    Tackling the current mindset of the people who have lost faith in their own healing power was the biggest challenge for Health Revolution Startup founders. In India, the problem is not as big as people still believe in home remedies and Ayurveda, etc, however, in the US, it is a challenge where the bigger part of the population is dependent on Complementary Medicine pills and surgeries for their healthcare solutions.

    The best example can be taken from the anecdote, that there was a time when no one believed that the Earth was round, but in the present world, it is widely accepted and believed. Similarly, the misplaced emphasis on Pills and surgeries too shall give way to the importance of real Primary Medicine and that is the activated 4 engines of Nutrition, Movement, Connection, and Rest.

    It was a big challenge for the team that has to be tackled with good proof. To tackle it, the team of Health Revolution started with a discussion around the topic. As they believed that conversations and Stories are the catalysts to bring forth the most radical revolution of the decade, and that is forever changing the dynamics of Healthcare

    Health Revolution – Future Plans

    With the goal of flipping the narrative on what exactly health is, the future plans of the Health revolution include:

    • Partnering with major employers and organizations to offer True Health programs for their employees.
    • Opening a center for healing and understanding where offline programs will be offered.
    • Liaising with medical universities and the fraternity to include the whole human anatomy as part of the curriculum so diseases can be understood more completely and treatments can be more effective.
    • Offering clarity to all those who seek it in order to achieve their highest human potential.

    Conclusion

    The focus on personal health is an important fact that people sometimes misunderstand or get their trust attached to the wrong places. When we talk about the Indian population, they prefer to take help from health experts at crucial times. And some of the population also prefers to opt for alternate medicines.

    Whereas when we consider the same thing from the US population, the majority of them are dependent on pills and surgeries for the healing path. The startup Health Revolution is focused on a different vision of health and healing.

    FAQs

    Who is the founder of Health Revolution?

    Health Revolution was founded by Dr. Anoop Kumar and Ms. Sreesha Sreenivasan.

    What is Health Revolution?

    Health Revolution is a healthcare startup focusing on revolutionizing the health industry by introducing the natural healing techniques and experiences.

    What is the global market size of health and wellness industry?

    The global market size of health and wellness industry is US$ 3,481.8 Billion for the year 2022.

  • Prayag Hospitals Success Story – How they Provide Exceptional Care Without Exceptions?

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Prayag Hospitals Group.

    The healthcare industry in India is a complex and diverse sector that plays a vital role in the country’s economy and society. India has a large and growing population, and the demand for healthcare services is high. The healthcare industry in India consists of both public and private sector organizations, with the public sector providing a significant portion of healthcare services. The Indian government has made efforts to improve the healthcare system and increase access to healthcare for all citizens, including initiatives such as the National Health Policy and the National Rural Health Mission.

    There are total almost 30,000 hospitals in India. Thats 1 hospital for almost 47,000 people. Hence, the need for better hospital facilities and management is the biggest concern of Indians. One hospital that takes care of its patients in the best way possible is Prayag Hospitals Group.

    Prayag Hospitals Group is providing exceptional healthcare without exceptions and the CEO Pritika Singh has been a game-changer in healthcare.

    StartupTalky interviewed the CEO of Prayag Hospitals Group, Pritika Singh to know more about their vision, mission, Inspiration, business strategies and more.

    Prayag Hospitals Group – Company Highlights
    Prayag Hospitals Group – Vision and Mission
    Prayag Hospitals Group – Inspiration
    Prayag Hospitals Group – Key strategies for successful business
    Prayag Hospitals Group – Social work
    Prayag Hospitals Group – Challenges
    Prayag Hospitals Group – Operating locations
    India’s healthcare industry in the next 5-10 years
    Advice to the new industry leaders/entrepreneur

    Prayag Hospitals Group – Company Highlights

    CEO Pritika Singh
    Founded in 1999
    Industry Healthcare
    Website www.prayaghospital.in

    Prayag Hospitals Group | Homepage
    Prayag Hospitals Group | Homepage

    Prayag Hospitals Group – Vision and Mission

    Prayag Hospitals Group is focused on creating a chain of hospitals providing all treatments at the most affordable price for middle-class customers. Their short-term goal is to provide more jobs, which is also a part of their long-term goal.

    My long-term goal will be to create a chain or group of hospitals
    where poor and middle-class customers can walk in without any fear or burden of payment. We want to create such a noble image in the market, through a chain of hospitals where finance is not a concern when you are entering the hospital for any treatment. – Pritika Singh

    Prayag Hospitals Group – Inspiration

    Pritika was inspired from her parents. Her father is a renowned ENT and orthopedic surgeon, and her mother has always looked after the management and administration parts, so she got inspiration from them.

    When she was a child and her father used to do his OPD, Pritika used to look with curiosity at what he was doing. Her father used to sit with each patient for about half or one hour and explain to them every detail of the treatment or the disease. While she was growing up, she felt that the hospital and healthcare industry need to have such a system where one can give a lot of awareness to the customer which is lacking in the industry.

    I know a lot of people surf the internet nowadays before entering a
    hospital. By the time they see a doctor, they know a few terms, but they need proper guidance which only a specialist can give. – Pritika Singh

    The other side of the coin is people from underprivileged or poor socio-economic backgrounds, who are eligible for free health treatment but don’t know about the privileges or benefits they have got from the government. There are very few organizations that are spreading such awareness and theirs is one of them.

    Pritika’s parents are the first people with whom she shared her vision.

    Prayag Hospitals Group – Key strategies for successful business

    After joining the business, Pritika transformed the logo, tagline, and all other things that needed a rework because she wanted the brand to connect with her vision. The only strategy that they follow and are following till now is creating a one-to-one customer experience, giving a personal touch, and taking care that their service delivery or care includes Indian tradition and culture in doing business.

    To have a successful business, you also need to have a good working environment in your organization, and I make sure we specifically take care of the mental health of our employees. We try to create a personal repo with the employees so that they work in a comfortable and encouraging environment and perform better – Pritika Singh

    Prayag Hospitals Group – Social work

    At Prayag Hospitals Group, they have a special ward where they treat patients who are not very critical. They don’t charge doctor fees, nursing fees, or bed fees; only food and medicine costs are there. So, it becomes very affordable for somebody who comes from a poor socio-economic background and doesn’t have any benefit or support from the Government, or any medical insurance.

    Prayag Hospitals Group – Challenges

    At the beginning of her journey, she faced a challenge within the organization as the employees or staff were already working as per the vision of her parents, and then she entered with a different vision. A lot of people were not comfortable and had little belief in her. They thought that her vision is not complete or feasible or that what she is talking about is not practical. However, when you have belief in yourself, you can make others believe in you too.

    Another biggest challenge that I faced was in the form of typical stereotypical thinking that if your parents are doctors running a hospital, you also need to be a doctor to run the business. So, my parents took some time to gain that level of trust in me as I was from a management background. Despite a lot of rejection of my vision and ideas, in the beginning, I was able to build that trust with my employees as well as my parents. Another challenge that you face being a newcomer in the industry, and being ayoung woman is that people in the industry look at you with doubt. They havetheir own assumptions, but if you are confident about your capabilities, you canovercome every obstacle, and stereotypes and bust myths. – Pritika Singh

    Prayag Hospitals Group – Operating locations

    The hospital’s operating location is in Noida and Greater Noida, and they are also planning to come up with a hospital in West UP and Uttarakhand. They are also planning to expand their operations in Middle Eastern countries for their specialized branch – the department of holistic healing — where they talk about mental health. They work on mental health because India is a hub for the same.

    India’s healthcare industry in the next 5-10 years

    Pritika believes that the healthcare system is already in place, and it has seen a dynamic transformation in the COVID-19 pandemic recently. Digitization in healthcare has taken hospitals, even in tier 2 or 3 cities, to another level. However, there is a need to create more beds and encourage youths to enroll themselves in studying or choosing a career in the healthcare industry. The reason is that when thinking of increasing the beds, there is also a need for manpower to attend to more patients in the form of paramedical staff, support staff, doctors, and nurses. In addition, she thinks more hospitals should be introduced in smaller towns and cities so that people from these underserved areas can also get quality treatment.

    The healthcare sector is set for robust growth in the next 5-10 years, with the industry expected to reach a size of $50 billion in the country by 2025.

    The Government is working on all strategies to revolutionize the sector in the next few years by focusing more on innovation, technology, and R&D. She thinks this will help all those involved in the hospital industry by being able to offer more advanced forms of treatment and medication at an affordable cost. At the same time, the technological disruption in the industry cannot be ignored, considering the dramatic rise of telemedicine during the pandemic and the introduction of new-age technologies like AI and virtual/augmented reality.

    Advice to the new Industry Leaders

    The advice that I would like to give to newcomers is that healthcare
    is a noble industry where you can earn money and give back to society. Do not consider this industry only for making profits as we are engaged here 24X7 with the customers’ emotions along with the emotions of the staff, doctors, and all those who are involved in the business. We must have that noble vision when we are entering this industry. In the end, I would like to say that for an entrepreneur, your energy also counts. You have to match a high-vibration frequency environment, so you have to have that dynamic character with very high energy in order to sustain the business. If you can leave your comfort zone and are ready to work in a dynamic, fast-paced environment, then you can consider this field as an entrepreneur. – Pritika Singh

    Conclusion

    For an entrepreneur, energy also counts. You have to match a high-vibration frequency environment, so you have to have that dynamic character with very high energy in order to sustain the business. If you can leave your comfort zone and are ready to work in a dynamic, fast-paced environment, then you can consider any field as an entrepreneur.

    FAQs

    Who is the CEO of Prayag Hospitals Group?

    Pritika Singh is the CEO of Prayag Hospitals Group and she has been a game-changer in healthcare.

    When was Prayag Hospitals Group founded?

    Prayag Hospitals Group was incorporated on June 20, 1996.

    Where is Prayag Hospital located?

    Prayag Hospital is located in Sector 41, Noida, Uttar Pradesh 201301, India.

  • Top 10 Biggest Consulting Firms in the USA

    Since the establishment of various industries amongst humankind, we have evolved from primary and secondary industries to focus more on tertiary industries today. Services are the most integral part of tertiary industries.

    Inadvertently, we have a plethora of professional services that help corporations, governments, and other organizations with various kinds of assistance on a variety of matters.

    Consulting firms have grown to help their clients in order to address and solve bigger problems, avoid mistakes and capitalize on relevant opportunities. Today they have become an indispensable part as far as any organization that aims to prosper is concerned.

    This article will look at some of the best consulting firms in the United States of America that are relied on by companies. However, they are not structured as per any rankings.

    Boston Consulting Group
    Kearney
    Deloitte
    Mercer
    Oliver Wyman
    McKinsey & Company
    LEK Consulting
    Booze Allen Hamilton
    EY Parthenon
    FTI Consulting

    Boston Consulting Group

    Company Name Boston Consulting Group (BCG)
    Founded 1963
    Founders Bruce Henderson
    Headquarters Boston, Massachusetts, United States
    Revenue $11.0 billion (2021)
    Area Served Worldwide
    Specialized In Management Consultancy Services
    Website www.bcg.com

    Boston Consulting Group
    Boston Consulting Group

    This Boston-based management consulting firm is one of the “Big Three” management consultancies. With an aim to tackle various challenges and identify better opportunities in business and society, it was founded in 1963 by Bruce Henderson along with other BCG partners.

    With in-depth knowledge in consulting, technology design management, and corporate ventures, BCG today is one of the best consulting firms in the United States of America as well as the world employing more than 25,000 people across 50 countries.

    Over the years they have expanded their expertise further by including industries like oil and gas, automotive, consumer products, aerospace, defense, and much more.

    Further, they have gained a very respectable position in the business world for their healthy work environment, workplace equality environmental records, Global culture, etc. They have also received the human rights campaign award for workplace equality innovation in 2022.

    Kearney

    Company Name Kearney
    Founded 1926
    Founders Andrew Thomas Kearney
    Headquarters Franklin Center, Chicago, United States
    Revenue $1.4 billion (2019)
    Area Served Worldwide
    Specialized In Management Consultancy Services
    Website www.kearney.com

    Kearney
    Kearney

    Headquartered in Chicago. Kearney is a global management consulting firm that has more than 4000 people working for them. It was founded in 1926 by Andrew Thomas Kearney.

    They work with almost 3/4 of the companies that are listed in the Fortune Global 500  apart from other governmental and non-governmental organizations. They have branches across 40 countries which shows their impeccable ability to be distinct regardless of their geographical location.

    They are known for their humbleness and approachability. The collective passion for innovative client work and zeal to provide excellent customer service has helped them consistently rank as one of the best consulting companies globally. Kearney has also received the tag of the best place to work by Dayton Business Journal for the fourth consecutive year.

    Deloitte

    Company Name Deloitte Touche Tohmatsu Limited
    Founded 1845
    Founders William Welch Deloitte
    Headquarters London, England
    Revenue $59.30 billion (2022)
    Area Served Worldwide
    Specialized In Management Consultancy Services, Financial Advisory, Risk Management
    Website www2.deloitte.com

    Deloitte
    Deloitte

    Deloitte is a professional services network that extends services of high quality in areas including analytics and cloud computing. Founded in 1845, Deloitte continues to set its bar high for professional advising firms in every arena from that analytics and business strategy to risk assessment and enterprise technology.

    They are one of the largest professional services networks in the world with annual revenue close to $50 billion. They look forward to understanding and improving the way we look at marketplace challenges to continue delivering measurable and sustainable results to the community.

    With over 175 years of service, Deloitte spans over 150 countries impacting the lives of 330,000 people. They continue to aim to do better things to help their clients realize their ambitions and make a positive impact on society. Deloitte was also given the Reader’s choice award for being one of the top employers in the country by Careers & the disABLED magazine in 2020.

    Mercer

    Company Name Mercer
    Founded 1945
    Founders William M. Mercer
    Headquarters New York City
    Revenue $4.3 billion (2022)
    Area Served Worldwide
    Specialized In Management Consultancy Services, Finance Management, Asset Management
    Website www.mercer.com

    Mercer
    Mercer

    Mercer is the world’s largest human resources consulting firm based in New York. They have a commendable global presence employing more than 25,000 people across over 130 countries. It was founded back in 1945 by William M. Mercer.

    Being a human resource firm they specialize in helping their clients to improve the efficiency and talents of their people. They have been number one in the industry for several years becoming the most popular consulting firm in the arena of health, retirement, talent, and asset management.

    For over 75 years now, Mercer has been redefining and reshaping the ways in which health and well-being are. They are a leading consulting firm and a trusted advisory that builds sustainable futures for its clients, colleagues, and communities. Mercer was also recognized as the World’s Best Management Consulting Firms 2022 by Forbes.

    Oliver Wyman

    Company Name oliverwyman.com
    Founded 1984
    Founders Alexander Oliver and William (Bill) Wyman
    Headquarters New York City, New York · United States
    Revenue US$2.5 billion (2021)
    Area Served Worldwide
    Specialized In Management Consulting Services
    Website www.oliverwyman.com

    OliverWyman
    OliverWyman

    Serving over thousand global clients during its 50 years of service, this New York-based management consulting firm continues to be one of the topmost consulting firms in the USA as well as the world. It was founded in 1984 by Alex Oliver and Bill Wyman.

    It has more than 60 offices across Europe, North America Asia Pacific, and the Middle East. They Are known for their banking and financial services which are justified by the fact that they serve more than 80% of the world’s largest hundred financial institutions.

    They believe that their dynamic and entrepreneurial culture makes their services all the more effective. They combine their specialized expertise with their extensive industry knowledge in the fields of risk management, strategy operations, and organization transformation.

    They strive forward to improve their operations, optimize their business and accelerate the performance of the organization. Oliver Wyman was listed under Fortune 100 best place to work in 2019. It is also frequently tagged in the list of top management firms globally.

    McKinsey & Company

    Company Name McKinsey & Company
    Founded 1926
    Founders James O. McKinsey
    Headquarters New York
    Revenue US$15 billion (2022)
    Area Served Worldwide
    Specialized In Management Consulting Services
    Website www.mckinsey.com

    McKinsey and company
    McKinsey and Company

    Headquartered in New York McKinsey and company, is one of the best consulting firms in the USA. They are known for their cutting-edge strategic approaches and consulting services. It was founded by James O McKinsey in 1926. He was a Professor at the University of Chicago.

    With a commendable group of zealous employees being the backbone of the company, they have garnered great success in the industry. In fact, a large number of CEOs on the Fortune 500 list come from the McKinsey alumni pool.

    At a time when companies need to simultaneously bring in economic growth, sustainability, and inclusion, McKinsey and company help their client to prosper through this tricky part sustainably by driving innovation and reducing environmental impact.

    The above graph shows the consulting firms with their average prestige scores in the USA
    The above graph shows the consulting firms with their average prestige scores in the USA

    LEK Consulting

    Company Name Booz Allen Hamilton Holding Corporation
    Founded 1983
    Founders James Lawrence, Iain Evans, Richard Koch
    Headquarters London, England
    Revenue US$800 million (2022)
    Area Served Worldwide
    Specialized In Strategy Consulting Services
    Website www.lek.com

    LEK Consulting
    LEK Consulting

    LEK Consulting was founded in 1983 by James Lawrence, Iain Evans, and Richard Koch, who were earlier Bain & Company Partners. Today they have become one of the top management consulting firms operating across 21 offices worldwide employing 1400 people.

    They are best regarded for their work in private equity and the healthcare sector. Through their deep industry expertise and rigorous analysis, they enable them to achieve better results.

    They have been featured in reputed journals like the Business Review, the Wall Street Journal, the Financial Times, and so on.

    Booze Allen Hamilton

    Company Name Booz Allen Hamilton Holding Corporation
    Founded 1914
    Founders Edwin G. Booz, James L. Allen, Carl L. Hamilton
    Headquarters McLean, Virginia, US
    Revenue US$8.36 billion (2022)
    Area Served Worldwide
    Specialized In Management and Technoogy Consulting
    Website www.boozallen.com

    Booze Allen Hamilton
    Booze Allen Hamilton

    Booze Allen Hamilton has been a leading management consulting firm for a long time serving government, business, and military organizations across the world. This Virginia-based company has more than 80 global offices employing 29,200 employees ranging from engineers, software developers, technologists, scientists, and consultants.

    It was started in 1914 by Edwin G. Booz, James L. Allen, and Carl L. Hamilton. Their area of expertise is largely on cyber security, digital technologies, and data analytics. They have won the “World’s Most Ethical Companies” award thrice from the Ethisphere Institute.

    With a strong-headed commitment towards sharing diversity, equity values, environmental conservation, social responsibility, and excellent governance practices, Booze Allen Hamilton continues to be one of the best management consulting firms not only in the United States of America but also across the globe.

    EY Parthenon

    Company Name EY Parthenon
    Founded 2014
    Founders William Bill Achtmeyer and John C. Rutherford
    Headquarters Boston, Massachusetts, United States
    Revenue $2.3 billion (2019)
    Area Served Worldwide
    Specialized In Strategy Consulting
    Website www.ey.com

    EY Parthenon
    EY Parthenon

    The Parthenon Group was founded in 1991 by William Bill Achtmeyer and John C. Rutherford, two former Bain & company directors. It was then called the Parthenon Group which later became EY Parthenon after they merged with Ernst & Young in 2014.

    Today they are a leading global strategy consulting company. The merger has helped the company to step up its value chain efforts and to go beyond audit services and expand its business thereby giving novel entry points to its clients.

    Through their ambitious corporate strategy and well-honed private equity undertakings, EY Parthenon has been in going to rise above their competitors like Bain, McKinsey, and BCG. In 2021, Ey Parthenon was ranked 8th in the list of Top 25 Strategy Consulting firms by the consultancy.uk.

    FTI Consulting

    Company Name FTI Consulting
    Founded 1982
    Founders Joe Reynolds, Dan Luczak
    Headquarters Washington, D.C., U.S.
    Revenue $2.3 billion (2019)
    Area Served Worldwide
    Specialized In Corporate Finance, Economic consulting
    Website www.fticonsulting.com

    FTI Consulting
    FTI Consulting

    FTI Consulting is one of the largest financial consulting firms in the USA and the world. They have earned their own space in the field of corporate finance, economics consulting, forensic and litigation consulting Technology, and strategic communications.

    It was founded in 1982 as Forensic Technologies International Limited by Joe Reynolds and Dan Luczak. They have to their credit in many high-profile, media-centric cases including the Bernard Madoff fraud, the Lehman Brothers and General Motors bankruptcies, the Bush v. Gore case, and the Major League Baseball steroid investigations of January 2020.

    Conclusion

    The consulting industry is roughly responsible for over 2 million jobs in the United States. The top revenue-generating streams in the consulting industry fall under management, accounting, scientific, and technical consulting services.

    There is a number of consulting firms present in the USA, each falling under a different category. The list of the top 10 consulting firms in the USA is shared above.

    FAQs

    What is the biggest consulting firm in the US?

    Some of the biggest consulting firms in the US are McKinsey & Company, Deloitte Consulting LLP, Bain & Company, Boston Consulting Group, etc.

    What is Big 4 Consulting?

    The Big 4 consulting firms are the group of four largest consulting firms that accounts for nearly 40% of the industry. The big 4 include consulting firms like Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG).

    What is a Tier 3 Consulting firm?

    Tier 1 consulting firms are the top most consulting firms with Tier 2 consulting firms accounted as the next big consulting firms. Whereas Tier 3 consulting firms are the modest consulting firms that can move up to their position in the future by fulfilling the criteria of Tier 1 and Tier 2 firms.  

  • Top 12 Best Domain Registrars to Choose in 2023

    ‌‌‌We all have our specified names with different surnames. The same thing is applied to websites and their web page names. Each website is assigned a unique domain. The domain contains two most important yet basic pieces of information about the website. The first part of the domain contains the name given to that website. Whereas, the second part of the domain is made up of a few codes having different meanings and uses.

    The domain is defined as the address provided to each website separately. They are the ones responsible for distinguishing websites and web pages from each another. The user needs to input the website address to directly assess any website.

    There are many domain registration agencies available that provide the service of domain registration. Each domain needs to be unique and certified by the registrar for its record. The agencies selling domains and their related services are also accredited by higher authorities such as Internet Corporation For Assigned Name and Numbers (ICANN).

    Where to Buy a Domain? Know Best Domain Name Registrars 

    WIDGET: leadform | CAMPAIGN: Link Building

    How to choose the right Domain Registrar?

    Choosing the right domain registrar is essential in order to guarantee that your website has a strong, lasting presence on the internet. A domain name serves as your website’s address on the internet and connects users to a larger Domain Name System (DNS). Not to mention, they are also the first impression customers have of your brand. So having an easy-to-remember and short domain name is highly important for making lasting impressions. It’s better to convert lengthy URLs into something simple that can be easily memorized. Additionally, it is crucial to pick a dependable domain registrar that is reputable, secure, and offers protection from potential cybersecurity threats at an affordable price. This will help ensure your site stays up and running without interruption over time. Here are a few factors you much consider while choosing a suitable domain name:

    • Price is always a key aspect to think about, but it should not be the only thing that determines which registrar you use. Many registrars offer discounts and promotions, so be sure to check for those deals before settling on one service.
    • Support services and features can also be a deciding factor; make sure the company offers options like bulk domain management, private registration options, DNS management, WHOIS protection services, etc.
    • Research different companies online or take advantage of free trials provided by some registrars to determine which has the best services for your needs. It’s essential to do your homework when deciding which Domain Registrar is right for you.
    • Making sure your domain name is easy to pronounce and spell will help your customers remember it and make it easier for them to find your website.
    • Keep in mind that the shorter your domain is, the better, as long domains can often be confusing and hard to remember. It is also wise to avoid hyphens or doubled letters since they can sometimes seem unprofessional and make it harder for search engines to crawl websites properly.

    There are many platforms available to register a domain. It’s difficult to say at this time which domain registrars will be the best in 2023, as the market can change significantly over time and new players may emerge. That being said, some domain registrars that are popular and highly rated by users today include:

    GoDaddy
    Google Domains
    Hover
    Ionos
    Namecheap
    Hostinger
    Network Solutions
    Domain.com
    Dreamhost
    Bluehost
    HostGator
    BuyDomains

    GoDaddy

    Rating 3.9/5
    Foundation Year 1997
    Godaddy Domain Registration 

    GoDaddy Inc. is an American-based company mainly known for its internet-based services such as domain registrar and web hosting services. GoDaddy is accredited with ICANN for the registration of domains.

    The mission of the GoDaddy team is to empower the community of more than 20 million users and entrepreneurs by allowing them the facility of all needed tools to grow online. GoDaddy works for all the services related to the domain registrar.

    • Web Hosting.
    • WordPress Hosting.
    • Domain Registration.
    • Professional Email.
    • E-commerce solutions.

    Pros:

    • GoDaddy allows its customers to purchase their needed domain extensions from a bunch of available extensions.
    • GoDaddy is a great platform to consider for buying top-level domain names.
    • GoDaddy allows its customer’s domain brokers, who can negotiate with the recent domain owner for purchasing.
    • GoDaddy has excellent customer service. They have a team helping customers 24*7, along with a few forums and dedicated video tutorials for easy working.

    Cons:

    • The prices available on GoDaddy are quite high compared to other domain providers in India.

    Pricing:

    Starting Price $6.98
    Renewal cost $13.98
    Free WHOIS privacy Yes

    Google Domains

    Rating 4.6/5
    Foundation Year 2015
    Google Domain Registration

    Google offers several services to its customers. One of the similar services is to offer domain services to the customers. Google Domain is the domain name registrar operated by Google. Google Domains are accredited with ICANN.

    Google Domains provide several services to their customers all related to domain and web hosting.

    How to Register Domain with Google Domains

    • Privacy Protection.
    • Domain Forwarding.
    • New Domain Ending.
    • Custom subdomain.
    • Easy domain management tools.

    Pros:

    • The services provided by Google Domains are speedy and easy to use.
    • They provide customizable packages as well as domains as per clients’ needs.
    • They use Google style for easy access.
    • Google Domains provide the best customer service support for any complications.

    Cons:

    • The prices can be quite high compared to other top domain registrar websites.

    Pricing:

    Starting Price $12
    Renewal cost $12
    Free WHOIS privacy Yes

    Hover

    Rating 4.2/5
    Foundation Year 2008
    Hover – Domain Registrar

    Hover was developed by the merger of three already set-up domain registrars named NetIdentity, It’s Your Domain and Domain Direct. Hover was established by Tucows Inc. an American-Canadian company. Hover allows its users to get their needed domain along with the service of email. Hover is also accredited to the ICANN, not directly but with the joint venture of its parent company Tucows Inc.

    Hover works to provide simple and understandable tools that can help people to find their best suitable domain names and email address.

    • Domain renewal.
    • Domain Registration.
    • Email domain registration.
    • Email filtration.
    • Categorized domain names.

    Pros:

    • Hover has a reliable user interface with attached user privacy included in their terms.
    • Hover allows its users the facility of locking up their domains from any unauthorized access.
    • The customer service provided by Hover is reliable but limited.

    Cons:

    • The biggest limitation is that the customer service given by Hover is time-based and not 24*7. Hence it can be an issue if there is a different time zone involved.
    • The prices given by Hover are quite expensive when compared with the service they provide.

    Pricing:

    Starting Price $14.99
    Renewal cost $16.99
    Free WHOIS privacy Yes

    1&1 Ionos

    Rating 3.6/5
    Foundation Year 1988
    1&1 Ionos Domain Registrar

    Ionos is a Germany-based web hosting company. It was formed and named after the merger of a cloud infrastructure specialist company named ProfitBricks and was renamed Ionos. Ionos is accredited with ICANN for registering domain names.

    Ionos works with the mission of making powerful technology that works for everyone, along with the delivery of the best cloud computing services.

    How to register a domain name with IONOS.com

    • Cloud-based solutions.
    • Messaging services.
    • Domain name registration services.
    • Web hosting services.
    • E-mail-based services.

    Pros:

    • Ionos offers its customers a free SSL certificate and free WHOIS privacy protection on the purchase of any domain.
    • They also allow the free service of transferring domains.
    • Ionos also offer the facility of pre-registration of any particular domain and its extension.
    • Ionos provides the best customer service, they can also provide a personal consultant for inquiries 24*7.

    Cons:

    • 1&1 Ionos is the best domain registrar, however, it lacks updated facilities and easy user interface services.

    Pricing:

    Starting Price $1
    Renewal cost $15
    Free WHOIS privacy No

    Namecheap

    Rating 4.4/5
    Foundation Year 2000
    Namecheap – Domain Name Registration Provider

    Namecheap is a US-based domain registrar providing services such as domain name registration and web hosting services. Namecheap is quite famous for its budget-friendly services. Namecheap is also accredited with ICANN for its domain services.

    Namecheap is a web service-providing company working with the mission of delivering the best domains at the best price with the best service.

    • Web hosting services.
    • Managing WordPress services.
    • Security-based services.
    • Domain transferring services.
    • Graphic design services.

    Pros:

    • The whole process of purchasing a domain is simple and clear. In short, they have a good user interface.
    • There is an additional service of privacy protection given by Namecheap to all its users free of cost.
    • They provide great customer service.

    Cons:

    Even though Namecheap is a trusted and reliable source, they pack in providing mobile-based support to their customers.

    Pricing:

    Starting Price $6.98
    Renewal cost $13.98
    Free WHOIS privacy Yes







    Sign Up with Namecheap Now



    Guide To Help You Choose Right Hosting For Your Blog
    An explanation of important things to keep in mind while choosing a host for blog. Followed by a brief look at some of the popular blog website hosts.
    StartupTalkyTanusha Verma

    Hostinger

    Rating 4.1/5
    Foundation Year 2004
    Hostinger – Domain Registrar

    Hostinger, which was founded in 2011, is on a mission to offer hosting services that make web development easier and more efficient. To live up to this promise, they keep their servers up-to-date with the latest technology, provide top-notch customer support, and have designed a user-friendly hPanel for managing websites. In addition, Hostinger also continuously monitors for security threats and incorporates them into its products. Through these efforts, Hostinger is dedicated to making sure its products are able to provide the best possible experience for developers and customers alike. Hostinger is perfect for those who are looking for reliable and affordable web hosting services.

    • Shared and cloud hosting.
    • Domain registration.
    • Website builder.
    • Free SSL certificates.
    • Cloudflare Protected Nameservers.
    • WordPress Options.

    Pros

    • Their prices and packages are among the most competitive in the industry, ensuring that customers don’t pay more than they need to get the features they want.
    • It has a free domain and website builder.
    • With a wide range of features such as unlimited bandwidth and email accounts or 1-click installers for popular applications like WordPress, Hostinger makes it easy to create a personalized website without any hassle.
    • Whether you’re an experienced web developer or just starting out, Hostinger has all the tools you need to establish your footprint on the web.
    • With Hostinger’s numerous server locations, website owners can select the one that is most convenient for their target audience to access their pages quickly.

    Cons

    • It has inconsistent performance because the website gives a delayed user experience.
    • One of Hostinger’s drawbacks is its plan restrictions, notably its disc space caps.
    • You can only use 50GB of storage space and one website and domain with their Single Plan. This isn’t a major issue if you only have a modest website. But if you want to scale, it may be constricting (or if you are in an image-heavy category like beauty or travel).
    • The absence of email and phone support makes them less competitive than their rivals. Even with their “Priority Support” add-on, you are unable to speak to a REAL, LIVE person over the phone.

    Pricing

    Starting Price $149/month
    Renewal cost $249/month
    Free WHOIS privacy Yes


    Get Started With Hostinger Now

    Network Solutions

    Rating 2.3/5
    Foundation Year 1991
    Network Solutions – Domain Registration Provider

    Network Solutions, LLC is an American-based technology company and a subsidiary of Web.com. It provides a host of services such as domain registration, web hosting, designing, online marketing, search engine optimization, and pay per click management. As of August 2018 it had over 6.7 million registrations for .com domains, which puts it securely as the 4th largest .com domain name registrar worldwide. All Network Solutions’ services come equipped with first-class customer support, giving customers the assurance they need when setting up their website or business profile on the web. Their simple-to-use tools enable individuals and businesses to create user experiences that are full of opportunities to scale and take advantage of digital marketing like never before.

    • Web hosting.
    • Website design.
    • Online marketing.
    • Search engine optimization.
    • Pay-per-click management.

    Pros

    • Network Solutions offer ease of use and integration with existing devices, making it simpler and less costly to get connected.
    • Network Solutions can provide greater scalability, allowing users to adjust the service performance according to their needs. This makes them an ideal choice for those who have changing bandwidth requirements or expect their usage to increase over time.
    • Security is a priority with many network solutions; they generally put in place measures such as encryption and authentication to ensure data safety and privacy on the web.
    • Network Solutions are an excellent way for businesses of any size to access all of the advantages of being connected without sacrificing quality or reliability as it has 99.98% uptime with free business LLC formation.

    Cons

    • Its pricing structure can be expensive, often requiring subscription fees and the cost of purchasing a domain name.
    • The system might be too complicated for people unfamiliar with web design, and limited technical support can leave users struggling to navigate the interface.
    • Network Solutions is not equipped to integrate with certain platforms such as WordPress or Squarespace. This can mean that extra steps need to be taken in order to link compatible applications together.

    Pricing

    Starting Price $9.99/year
    Renewal cost $8-$29.9/year
    Free WHOIS privacy Yes

    Domain.com

    Rating 3.1/5
    Foundation Year 2012
    Domain.com – Top Domain Registrar

    Domain.com is a domain registrar and web hosting company that allows individuals and organizations to register and manage domain names, as well as provide other web-related services such as web hosting, website builder, and email hosting. You can use Domain.com to register a new domain name or transfer an existing domain name to their platform. They offer a wide range of TLDs (top-level domains) such as .com, .net, .org, .info, and many others. Domain.com also provides tools and resources to help you create and manage your online presence, including a website builder, website templates, and an SSL certificate to secure your website.

    In addition, Domain.com also offers assistance with search engine optimization and getting one’s website noticed on the internet for maximum visibility. With support services such as blog post hosting and a vast selection of themes to choose from, Domain.com provides a comprehensive range of online solutions for any individual or business looking to establish itself online efficiently and affordably.

    • Domain Privacy + Protection.
    • Website Builder.
    • Online Store Builder.
    • Google Workspace / G Suite.
    • Marketing Services.
    • Second Phone Number.
    • Hosting Plans.
    • WordPress Hosting.

    Pros

    • One of the biggest pros associated with Domain.com is its incredible convenience. New customers are able to register a domain, build a website, and be ready to start accepting visitors and customers in a matter of minutes!
    • Even those who have complex needs, such as businesses needing multiple eCommerce accounts can do it quickly and easily with this platform.
    • The customer service support offered by Domain.com is dedicated, attentive, and timely – meaning new and experienced customers alike can quickly resolve any issue that may arise.
    • The prices for Domain.com’s services are very competitive and often include discounts or promotions for new or returning users signing up for an account or buying additional services.
    • Pros such as these make Domain.com an excellent choice for those wanting to get an online presence established with minimal effort or time investment!

    Cons

    • It may not offer the most up-to-date features and services as some other website hosting companies do.
    • Since they are one of the more affordable packages out there, their customer service may be lacking in comparison.
    • Domain privacy protection options may not be available with some of the cheaper packages, leaving your personal information exposed.
    • Their customization options can be quite limited, so it may be hard to create a website that truly reflects you or your brand.

    Pricing

    Starting Price $9.99/year
    Renewal cost $19.99/year
    Free WHOIS privacy Yes

    Dreamhost

    Rating 3.8/5
    Foundation Year 1996
    Dreamhost – domain registration company

    Dreamhost is a web hosting and domain registration company that has been operating since 1997. With a suite of impressive features and efficient customer service, Dreamhost makes it possible for small business owners to create their own professional websites so they can conduct their businesses online. In addition to providing domain registration services, DreamHost also offers shared hosting, cloud hosting, dedicated server hosting, and VPS (virtual private server) hosting options. It offers unlimited storage and bandwidth, an advanced website builder to make customizations easy, a large selection of WordPress themes, one-click software installations, plus 24/7 technical support from knowledgeable representatives. Dreamhost goes above and beyond; compared to other hosting companies – it backs up data on all its servers every day, provides DDOS protection for sites against cyberattacks, and additional tools like SSL Certificates for secure transactions. With all the benefits it provides, Dreamhost is the best value for sophisticated webmasters who desire robust hosting alternatives.

    • Design Services.
    • Social Media Marketing.
    • Affordable price.
    • Website Management Services.
    • Marketing Services.
    • Custom Web Development Services.
    • Custom Web Design.
    • SEO Marketing.

    Pros

    • Dreamhost offers a unique blend of features that makes it highly advantageous to users. Pros include affordability, a comprehensive control panel, and an extensive knowledge base, which contains tutorials and guides to help users gain expertise.
    • Dreamhost is established on rock-solid web hosting services providing high uptime speeds and reliable security protocols.
    • Dreamhost also has an extensive array of payment options making it more convenient for customers to pay their bills.
    • Customer service is also top-notch as they provide 24/7 live chat support and are willing to support any problems per the customer’s request. With so many pros available to customers, Dreamhost is certainly worth considering if you need reliable web hosting services.

    Cons

    • One downside to Dreamhost is the lack of unlimited disk space. Some other packages provide much more storage for a similar price bracket, or sometimes even for a lower cost.
    • Dreamhost has limited technical support options available; customers are often left with the whole burden of maintaining the service on their own.
    • Many users have expressed concerns over the privacy and security features offered by Dreamhost.
    • While they advertise that they protect customer data, there have been reports in which this wasn’t the case.

    Pricing

    Starting Price $2.95/month
    Renewal cost $16.95/month
    Free WHOIS privacy Yes


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    Bluehost

    Rating 3.6/5
    Foundation Year 2003
    Bluehost – Trustworthy domain registrar

    Bluehost is a trustworthy domain registrar and one of the leaders in its industry with helpful customer service should you experience any issues. It’s user-friendly and very safe to use. Bluehost also offers reliable and powerful solutions for hosting websites, as well as easy-to-use features to customize websites. They provide a wide range of services, such as shared hosting and dedicated servers with up to 8 CPU cores and 32 GB of RAM. Bluehost also incorporates security measures, such as wordpress installation, malware detection and removal, automatic plugin updates, and daily backups. In addition, their world-class customer service staff is available 24/7 to assist customers with any questions or concerns they may have about their web hosting experience. With unbeatable reliability, customer service, and competitive pricing packages, Bluehost is the perfect choice for anyone looking for a trusted partner to host and register their website.

    How to Register a Domain Name with Bluehost

    • WordPress and hosting for WordPress.
    • Hosting, WooCommerce, WP Pro, and shared hosting.
    • Dedicated Hosting
    • Websites, stores, domains, and VPS hosting.
    • Website creator.
    • E-commerce site.
    • Professional Services
    • Blue Sky
    • Resource Hub
    • Knowledge base

    Pros

    • One pro of Bluehost is the industry-leading customer support they offer. Their team of experts is available 24/7 to help answer any questions or technical concerns you may have.
    • With their intuitive user interface, it’s easy to quickly create a website from scratch in no time.
    • There are plenty of resources provided for those who are finding the task more difficult than expected.
    • To top it off, the prices for Bluehost’s services range from affordable to downright cheap depending on your needs and budget. It’s hard not to appreciate such quality service with ample options to choose from.

    Cons

    • One key issue is customer service; while the staff are knowledgeable, they can be slow to respond in certain cases.
    • Another glaring problem is the uptime on their servers; while it’s generally quite good, there have been reports of significant outages in the past.
    • Bluehost doesn’t offer much flexibility when it comes to software features; if you have specific needs that require more control than is allowed by them, you’ll likely have to look elsewhere.

    Pricing

    Starting Price $2.95-$139.99/month
    Renewal cost $20.00-$194.99/month
    Free WHOIS privacy Yes


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    HostGator

    Rating 3.5/5
    Foundation Year 2002
    HostGator – Best Domain Registrar

    HostGator is a domain registrar and web hosting provider that can help individuals and small businesses create an online presence. They offer access to shared servers, digital certificates, domain registration services, online security, and a host of other related services. From their budget-friendly plans to the more advanced packages, customers are sure to find the plan that meets their needs. HostGator’s customer service team also offers 24/7 support by email or phone if customers need any additional help setting up their website or troubleshooting any issues they may encounter. With their powerful feature-rich hosting solutions, they make it easy and efficient to build your own website with a professionally designed template in minutes.

    How to Register a Domain Name – HostGator Tutorial

    • Web Hosting
    • Optimized WordPress
    • Virtual Private Servers (VPS)
    • Dedicated Servers
    • Domain Name Registration
    • Register a New Domain Name
    • Transfer a Domain Name to HostGator
    • SSL Certificates
    • CMS & Module Installation
    • Website Content Transfers (to HostGator)

    Pros

    • Pros of HostGator include 24/7 customer service, unlimited disk space, a drag, and a drop website builder.
    • Various scripts in over 70 languages make it one of the most versatile web hosting experiences available.
    • HostGator offers many free add-ons such as a free domain name with a transfer, an easy-to-use control panel, and built-in search engine visibility tools.
    • All these features make HostGator an excellent choice for those looking for reliable web hosting solutions.

    Cons

    • It doesn’t offer as many features as other hosting services—particularly for those who wouldn’t consider themselves tech-savvy—and the customer service response time is often too slow for most people’s liking.
    • Those who are already experienced with web hosting might find it difficult to make the switch due to certain software compatibility issues between what they’re already familiar with and what HostGator offers.
    • If their site experiences a lot of traffic, users may need to upgrade their hosting plan fairly quickly in order to prevent crashes or other stability issues.

    Pricing

    Starting Price $2.95-$89.98/month
    Renewal cost $6.95-$189/month
    Free WHOIS privacy Yes


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    BuyDomains

    Rating 4/5
    Foundation Year 2014
    BuyDomains – Marketplace for Buying and Selling Domains

    BuyDomains is an online marketplace for buying and selling valuable domain names. It has built a stellar reputation in the industry by offering a vast inventory at fair prices combined with unmatched customer service. Whether you’re an experienced investor looking to expand your portfolio, or an entrepreneur needing a premium domain to launch your business, BuyDomain has something to offer. With advanced features like domain appraisals and escrow services, BuyDomains makes sure that buyers can confidently make their purchases without taking any risks. In addition, they also offer a money-back guarantee if the user encounters issues registering their purchased domain within 30 days of purchase. With these safeguards to protect customers and a continuous flow of new domains being added every day, it’s no wonder BuyDomains has become one of the most successful online marketplaces for buying and selling premium domains.

    • Buy Domain name.
    • Domain appraisals.
    • Escrow services.
    • Premium domain names.

    Pros

    • Large inventory of domains for purchase.
    • Established in 1999, buyers have access to over two million domains across a variety of TLDs, ensuring that customers have the selection they need during the purchase process.
    • BuyDomains offers an easy navigation search option and the process of buying becomes a swift transaction.
    • Assistance is always available through customer service which is well-versed in the domain registration process and answers questions and assistance on any related matters.
    • Purchases can be completed with a credit card or PayPal, making ready-to-go domain purchases even easier. Buying from BuyDomains ultimately gives customers peace of mind with secure escrow services and industry-standard encryption for their transactions.

    Cons

    • One of the major cons of BuyDomains is their exorbitant pricing; domains here often cost hundreds or even thousands of dollars more than from other services.
    • The service does not offer permanent domain ownership; only lease agreements are available, meaning you’ll have to keep track of payments and renewals.
    • While BuyDomains touts an impressive selection of domains available to buy, many appear to be overpriced compared to market value, with some being peddled for three or four times as much as similar domains can be purchased elsewhere.
    • Customer support has not been found to be reliable, making it difficult and frustrating for customers who need help with their domains.

    Pricing

    Starting Price $500 for a single domain name
    Renewal cost $500 for a single domain name
    Free WHOIS privacy Yes

    Conclusion

    Domains work as a unique address assigned to each web page. Each domain needs to be unique and registered with a specific domain registrar. These domain registrars are then accredited with a generic top-level domain registry or a country code top-level registry such as ICANN. Some of the top-level Registrars available for domain registration and web hosting are given above.

    FAQs

    Can a domain be purchased for a lifetime or a limited period?

    Domains can be purchased for more than 50 years. Or it can be varied depending upon the package offered by the domain registrar.

    Which domain registrar is best?

    There are many domain registrars to choose from, and the best one for you will depend on your specific needs and preferences. Some popular domain registrars that you may want to consider include GoDaddy, Namecheap, Network Solutions, Hover, and Google Domains.

    Does it matter who your domain registrar is?

    Domain registrars are built to provide domains. The only thing to consider while buying a domain from any registrar is to look for the package and services provided by them. Apart from this, it does not matter from which registrar a domain is purchased.

    Which domain registrar do big companies use?

    GoDaddy is the most popular domain registrar used by companies.

    How to buy a domain name?

    Follow these steps to buy a new domain name. Visit a domain registrar website, check for domain name availability, follow the payment process, and you are done.

    What sets Namecheap apart from other domain registrars?

    Namecheap is known for its commitment to customer privacy and security, as well as its competitive pricing. They offer a wide range of TLDs and have a reputation for good customer support. Namecheap is a good choice for individuals and organizations that place a high value on privacy and security.

    How much does it cost to register a domain name?

    The cost of registering a domain name can vary depending on the domain registrar and the TLD that you choose. Some TLDs, such as .com and .net, are more expensive than others. In general, you can expect to pay between $10 and $30 per year for a standard TLD. Some domain registrars offer discounts for bulk purchases or longer registration periods.

    Do I need to host my website with the same company that I register my domain name with?

    No, you are not required to host your website with the same company that you register your domain name with. You can register your domain name with one company and then host your website with another company if you prefer.