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  • Berger Paints – The Journey of the Second-Largest Paint Company in India

    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 Berger Paints.

    We all are aware that colors add spark to everyone’s life! And to think of a world without shades of green, blue, or yellow is truly impossible. To ponder more deeply, colors have an extremely vital function in our lives as they have an impact on our thinking process, decision-making skills, and moods. In the marketing world as well, color is vital in generating expectations for a product and expressing its major features. Color is the second most essential factor in allowing customers to recognize brand packaging.

    Now imagine you want to get your house painted, but there are no such companies that offer you your favorite shade to paint the walls of your home. Boring, right? Thanks to the industrial revolution, the paint industry has grown so much over the last decade that we now have limitless options to even decide which color we want our walls to be painted.

    Berger Paints Limited founded almost 98 years ago by Lewis Berger, has been ruling the Indian Paint industry since its inception. It is regarded as the second-best paint company in India, with 16 manufacturing units spread across India, two in Nepal, and one each in Poland and Russia. This multinational paint company has its headquarters in Kolkata, India.

    Let us take a ride through the successful journey of Berger Paints, how it started, its founder and team, its business model, and other key features in this article further.

    Berger Paints – Company Highlights

    Headquarters Kolkata, India
    Sector Chemicals, manufacturing, Express Painting Services
    Type Public
    Founder Lewis Berger
    Key People Kuldip Singh Dhingra (Chairman)
    Founded 1923
    Valuation Rs 60,102.23 crores
    Revenue Rs 8,826 crores
    Parent Organisation U. K. Paints India Private Limited
    Website www.bergerpaints.com

    About Berger Paints
    Berger Paints – Industry Details
    Berger Paints – Founder and Team
    Berger Paints – Startup Story
    Berger Paints- Mission and Vision
    Berger Paints – Name, Tagline, Logo
    Berger Paints – Business Model
    Berger Paints – Revenue Model
    Berger Paints – Agreements and Partnerships
    Berger Paints – Mergers and Acquisitions
    Berger Paints – Advertisements and Social Media Campaigns
    Berger Paints – Awards and Achievements
    Berger Paints – Competitors
    Berger Paints – Future Plans

    About Berger Paints

    Berger Paints is one of the leading paint manufacturers globally and the second-largest paint company in India. It provides a wide range of creative painting solutions with a distribution network comprising more than 50,000 dealers and retailers. In addition to a comprehensive selection of industrial and ornamental paints, the Company provides waterproofing solutions, wood and glass coating, rapid painting services, home, and living services, and other related services.

    Key Facts of Berger Paints:

    • 6th Position among the Top 15 Global Paint Companies as per market capitalization
    • 4th Largest paint company in Asia
    • 7th Largest decorative paint company in the world

    The company boasts of having 16 manufacturing plants which are located in India including its subsidiaries. Besides this, Berger Paints has manufacturing plants present outside India, with two plants located in Nepal, one each in Poland and Russia, and 180 stock stations globally.

    It has an international presence in five countries; Russia, Poland, Nepal, and Bangladesh.

    Berger Paints’ CSR Initiatives

    The company’s CSR project is called as iTrain. It offers training for unskilled and semi-skilled employees in painting, waterproofing, and polishing. It has 47 Total iTrain training centers covering some of the rural areas of India. More than 1,30,000 people have benefited from iTrain so far.

    Berger Paints have also collaborated with many NGOs on various welfare projects in the spaces of education, livelihood, healthcare, and women.

    Berger Paints – Industry Details

    Whether industrial or residential, the paint industry is an essential part of everyone. They are being used by construction industries, hospitals, transportation, automotive, residential, and even non-residential buildings or infrastructures.

    With the increasing trend of using paints and high-tech coatings, the paint industry is growing phenomenally. It is recorded, that the market size of the global paint industry was valued at $160.03 billion in 2021. In addition, the worldwide paints and coatings industry is expected to increase at a 5% CAGR from $167.04 billion in 2022 to $235.06 billion by 2029.

    Berger Paints – Founder and Team

    Lewis Berger is the founder of Berger Paints. Berger Paints Ltd is currently handled by Kuldip Singh Dhingra, who is the Chairman of the company.

    From Left: Kuldip Singh Dhingra (Chariman) & Lewis Berger Founder of Berger Paints
    From Left: Kuldip Singh Dhingra (Chariman) & Lewis Berger, Founder of Berger Paints

    Lewis Berger

    Louis Steigenberger, who later changed his name to Lewis Berger, was a bright young German chemist who originally started the brand ‘Berger’ in the UK in 1760. He had mastered the production of Prussian Blue, one of the most significant pigments of that time. His discovery was the color of the military uniforms during that period. Lewis Berger’s company was called Louis Berger & Sons Limited. Gradually, the company became to known as Berger Paints in the 1870s, which then started offering 19 different pigments such as black lead, sulfur, sealing wax, and mustard. After Lewis Berger’s death, his sons took over the charge of the company.

    Kuldip Singh Dhingra

    Kuldip Dhingra holds a Bachelor of Science degree from Hindu College, Delhi University. He is a company promoter and an industrialist with extensive expertise in paints and associated sectors. Kuldip Dhingra is the fourth generation of his family to work in the paint industry, which began in 1898. According to Forbes, he has a net worth of $9.4 billion(2021). Kuldip Dhingra has three children with his wife, Meeta Dhingra.

    Gurbachan Singh Dhingra

    Gurbachan Dhingra serves as the Vice-Chairman of Berger Paints. He has been associated with the company as a Board of Directors since 1993. Gurbachan Dhingra has extensive expertise in the paint business, particularly in its technical aspects. Along with Berger Paints, he serves as director of Anshana properties, Citland commercial credits, Lobelia builds well, UK Paints,  Valerian Hospitality and Hotels, Berger becker coatings, and many more organizations.

    Abhijit Roy

    Abhijit Roy is the Managing Director and CEO of Berger Paints. Before being associated with Berger, he was working at L’oreal and Asian Paints Limited. Abhijit Roy holds a Bachelor’s degree in Mechanical Engineering from Jadavpur University, Kolkata, and an MBA from the Indian Institute of Management, Bangalore.

    Berger Paints – Startup Story

    The brand ‘Berger’ was first established in the UK by founder Lewis Berger in 1760. This was the beginning of the brand in the European region.

    The Birth of Berger Paints in India

    Berger Paints India Ltd. began in 1923 by Mr. Hadfield as Hadfield’s (India) Limited, a tiny colonial operation making ready-mixed stiff paints, varnishes, and distempers on 2 acres of land in Howrah, Kolkata. Later on, in 1947, British Paints acquired Hadfield’s (India) Ltd and, thus the name of the company was changed to British Paints (India) Ltd. Berger Paints’ sales offices were established in Delhi and Bombay in 1951, and storage was opened in Guwahati.

    In 1965, a company called Celanese Corporation, USA bought the share capital of British Paints (Holdings) Limited, and CELEURO NV, Holland, a Celanese subsidiary, acquired the controlling interest of British Paints (India) Ltd. Following that, in 1969, the Celanese Corporation sold its Indian operations to Berger, Jenson & Nicholson of the United Kingdom. The firm British Paints (India) Ltd then became a member of the global BERGER group, with operations across oceans and in multiple locations. This marked the beginning of Lewis Berger’s legacy in India.

    After a few challenges and turning points, British Paints (India) Limited changed its name to Berger Paints India Limited in 1983 under the leadership of the UB Group owned by Vittal Mallya. Slowly many novel products like emulsions and distempers were introduced in the 1980s and 1990s by the company.

    In 1991, the Delhi-based Dhingra brothers, Kuldip Singh Dhingra and Gurbachan Singh Dhingra bought Berger Paints from the UB Group. As of now, the two brothers own a combined 75% stake in the company.

    Today, Berger Paints composes an employee strength of over 3,600 and a countrywide distribution network of more than 25,000 merchandisers.

    Berger Paints in Pakistan

    Berger Paints Pakistan Limited was incorporated in Pakistan in 1950. The company became a public limited corporation in 1974. In the same year, Jenson & Nicholson Limited (the main business in the United Kingdom) owned 50.62% of Berger Pakistan, while Pakistani investors owned 49.38%. Slotrapid Limited, a British Virgin Island firm, took control of Berger Paints Pakistan Limited in 1991 by buying 50.62% of the business’s shares.

    Berger Paints in Bangladesh

    The company was first brought into Bangladesh from Berger UK, and then from Berger Pakistan. Berger Paints Bangladesh Limited replaced J&N (Bangladesh) Limited as the company’s name in 1980.

    Berger Paints- Mission and Vision

    The vision statement of Berger Paints is, “To be the most admired Indian Paint & Coating Solutions company with globally recognized competencies.“

    Berger Paints’ mission says, “To maximize shareholder value by developing and delivering innovative and best solutions for our customers, consistently outperforming our peers and providing a Dynamic & Challenging work environment for our employees.”

    Berger Paints has always aimed to bring change and growth through innovation, which will ultimately make them one of the best paint companies not only in India but globally.

    Berger Paints proudly spreads its message which truly reflects through its tagline, “Paint your imagination”. This catchy catchphrase captures its customer’s attention and makes them want to trust the brand always.

    Berger Paints also goes by another tagline, which is, “No Daag No Dhabba, Only Beautiful walls”

    Berger Paints – Business Model

    Berger Paints’ business model revolves around the manufacturing process and selling of various embellishing paints and commercial paint coatings. To put it in simple terms, Berger Paints is engaged in the manufacturing business model.

    The brand operates its business activities on 4Ps. These four parameters are; product, price, place, and promotion.

    Berger Paints Products & Services – With their product line, the company’s product offerings are categorized into two parts; industrial paints and decorative paints.

    Under the industrial paint category; it offers services like GI & Automotive coatings, powder coatings, and protective coatings. In the decorative paints category, it provides Berger Silk, Easy Clean, Berger Luxol HiGloss, Bison, Weathercoat All Guard, and Weathercoat Floor Protector.

    As the second-largest paint company in India, Berger Paints has a wide distribution network that includes over 170 stock facilities and over 25,000 dealers or retailers. Its manufacturing units are also spread across India and other countries like Nepal, Bangladesh, Russia, and Poland.

    Some of the Landmark and Prestigious Painting Projects executed by Berger Prolinks are;

    • Vidhan Sabha, Jharkhand
    • Ashiana Rangoli Garden, Jaipur
    • Tata Fort House, Fort, Mumbai
    • The CSI Airport, Mumbai
    • Akshardham Temple, Delhi
    • Eden Gardens, Kolkata All India Institute of Medical Sciences (AIIMS), Delhi
    • Cognizant, Chennai

    Berger Paints – Revenue Model

    Berger Paints makes most of its revenue through manufacturing and selling the above-mentioned products and services. Through its vast product portfolio of innovative paint coats and industrial paint coatings, Berger Paints has put itself as one of the leading paint manufacturers globally.

    Berger Paints – Revenue Growth

    During the fiscal year 2021-22, Berger Paints reported a turnover of Rs 8826.37 crores ($1.1 billion), which is 28.49% higher than the previous year, owing to an increase in sales volume as well as prices.

    It also stated that its PAT (Profit After Tax) grew by 15.73% from Rs 719.72 crores to Rs 832.95 crores.

    Berger Paints – Agreements and Partnerships

    In the domain of vehicle coatings, Berger Paints has Technical License Agreements with DuPont Performance Coatings. Furthermore, the company has entered into a Joint Venture Agreement with Nippon Bee Chemical Co Ltd., Japan to establish a company in India to manufacture and sell coatings for plastic substrates used in vehicles and other automotive parts.

    Berger Paints India stated on February 10, 2017, that it has signed a Memorandum of Understanding (MoU) with Promat International Limited NV of Belgium to collaborate on passive fire prevention and high-performance insulating coatings in India, Nepal, and Bangladesh.

    Berger Paints – Mergers and Acquisitions

    To date, Berger Paints has acquired three organizations. The details of their acquisitions are:

    Date Acquiree name Amount
    October 15, 2019 STPL $1.7 Billion
    May 31, 2017 SBL Specialty Coatings Private Limited $81.8 Billion
    April 30, 2008 Bolix $1.5 Billion

    Berger Paints – Advertisements and Social Media Campaigns

    When it comes to promoting their brand, we are aware of how Berger Paints is with their marketing game. The company works on a conventional marketing mix promotional strategy with stressed aggressive marketing. Advertising is their biggest promotional tool.

    Berger Paints has expanded its emphasis on promoting its products using prominent faces in recent years. It has signed renowned celebrities like Katrina Kaif, Kareena Kapoor Khan, and Akshay Kumar as its brand ambassadors.

    Katrina Kaif Promoting Berger Paints
    Kareen Kapoor Khan as the face of Berger Paints

    In October 2021, Berger Paints launched a campaign known as Easy Clean. The campaign highlights the brand’s Easy Clean Luxury Interior paints that keep walls free from long-lasting stains. The advertisement can be seen encouraging parents not to restrict their kids from playing inside the house or from painting their imagination on the walls. It very smartly urges parents to be tension-free about stains or pigment because with Berger Paints Easy Clean, they can easily clean their walls, which keeps them neat and hygienic.

    Berger Paints’ Easy Clean Ad

    Berger Paints – Awards and Achievements

    Berger Paints has won many awards and achievements. To list a few of them, these are;

    • Berger Paints has won Special Jury Award At The CII Eastern Regional Productivity Awards 2022.
    • In 2022, Berger Paints India Gets Runner-Up Spot In The Coveted ICC Water Awards.
    • Berger Silk Glamor was recognized as the Most Preferred Paint Brand.
    • Berger Paints India wins Outstanding Digital Transformation in Supply Chain at the 14th ELSC Leadership Awards.
    • Berger Paints India was recognized by Economics Times as one of the iconic brands of India.
    • Berger Paints India was conferred the prestigious Greentech Environment & Sustainability Award 2021
    • Berger Paints India achieved India’s Best Managed Companies in 2021.
    • Achieved the National Award for Energy Conservation 2019
    • Berger Paints India was recognized as the ‘Best Indian Paint Company’ at Times Business Awards 2020.

    Berger Paints – Competitors

    Presently, Berger Paints is one of the top players in the paint industry today, and it is quite obvious, the company competes with many other tough competitors in the market. Here’s the list of competitors of Berger Paints;

    1. Asian Paints Ltd.
    2. Shalimar Paints
    3. Kansai Nerolac Paints Ltd
    4. Indigo Paints
    5. Akzo Nobel India Ltd.
    6. Sirca Paints Ltd.

    Berger Paints – Future Plans

    Berger Paints is already one of the leading paint manufacturers, so it plans to see itself remain at the top. However, the company aims to maintain the highest levels of corporate governance via transparent business practices that are ethical. In addition to this, the company also announced significant infrastructure expenditure in the Union Budget 2022-23, which has opened new prospects of expansion and development for them.

    Here’s what Chairman Kuldip Singh Dhingra states about their upcoming plans, “We will continually fulfill the aspirations of the well-informed, discerning customers, whose valuable insights help our R&D teams to come up with better solutions, with a keen eye on both aesthetics and functionality.”

    FAQs

    Who is the CEO of Berger Paints?

    Abhijit Roy is the CEO of Berger Paints.

    Where is the head office of Berger Paints?

    The head office of Berger Paints is in Kolkata.

    What is the rank of Berger Paints in India?

    In India, Berger Paints ranks 2 in terms of market cap.

  • Here’s Why Coffee Prices Are Going to Skyrocket Soon

    Caffeine is a necessity for many people and statistics show that around 30-40% of the world’s population consumes coffee every day. If you happen to fall into that category, prefer coffee to chai and can’t get your morning started without a cup of coffee. Here is a warning that your coffee-drinking habits are about to make your budget more expensive. Why? Let’s start with the basics!

    The Surging Costs of Coffee
    Brazil and Coffee, and the Supply Chain Logistics
    Land Problems and Climate Change
    The Pandemic and the Rising Labour Cost
    Coffee Leaf Rust
    Supply, Demand, and the Trend Factor

    The Global Fight to Save Coffee

    The Surging Costs of Coffee

    The process of production of your coffee takes up to five years. That includes growing it in the nursery, picking up the cherries, removal of raw beans, and drying them. Later being sold to the processors and shipping it. Coffee is grown by millions, including by farmers in countries in Latin America, Africa, and Asia where the climate is suitable for it to grow.

    Mainly there are 2 types of coffee: Arabica and Robusta. Arabica has 1/2 as much caffeine as Robusta. 70% of the world’s coffee is Arabica, which has a sweeter and softer taste. Grows within a quite narrow temperature range and is particularly sensitive.

    Robusta, as the name implies, is robust, strong, and contains twice as much caffeine as Arabica; it is consumed by approximately 30% of the world’s population, which is stronger and harsher in taste and counts as your instant coffee.

    Apart from this, both species’ roots require a specific set of environmental conditions to grow, needing a temperature between 18-21 degrees Celsius. Anything more or less than that can stunt the growth of the plant or make it freeze before it reaches a certain level of elevation. It also requires proper amounts of rain and temperatures during the day and night as well.

    The factors that come into play in the surging prices of coffee are listed below:

    Brazil and Coffee, and the Supply Chain Logistics

    Global Coffee Consumption from 2012/13 to 2020/21
    Global Coffee Consumption from 2012/13 to 2020/21

    Although coffee brands such as Nestle are seeing high sales. While Brazil is the place to get your coffee, the country is currently facing a shortage of containers and vessels for the supply of coffee. Everything is taking a long time to get from one place to another as compared to before. And this problem is not just limited to Brazil. The world is lacking sufficient containers. Most of the coffee was stuck in transit due to the pandemic. The other delivery challenges that Brazil’s supply chain is facing are congestion at ports and scarcity of truck drivers to move the coffee domestically.

    Shipments from Asian countries have been on a decline with dwindling fastener inventories. Flying in coffee is one of the other factors driving up shipping prices. The belief is that coffee has to be roasted freshly for its flavour. This leads to coffee being roasted in the regions where it’s being exported and not where it is produced, increasing the carbon footprint that follows another point.

    Land Problems and Climate Change

    The coffee industry is vulnerable to climate change. In recent years, rapid climate change has made it more difficult to cultivate coffee. It was estimated by Time magazine in 2018 that by 2050 the land used to produce high-quality coffee could become unproductive. Other claims include that Brazil could lose 79% of its most suitable coffee-growing land. Under a moderate climate change scenario, the world could lose half of its prime coffee-growing land.

    Climate and environmental changes are happening and there’s no denying the fact. Brazil has been through some rough weather conditions, which is one of the major factors that influence both the price and the production of coffee. The world’s leader in coffee production has seen both drought and frost in the last decade and again. The drought resulted in the loss of 30% of the world’s Arabica coffee, as estimated by the international coffee organization. Brazil is not the only country that is affected by weather-related events such as earthquakes, hurricanes, and snowstorms. The world is currently facing the global challenge of adapting coffee to changing climates all around the world.

    The weather is becoming more extreme around the world due to climate change. When crops were damaged in 2020 due to other disasters the supply of coffee was diminished. The entire supply chain has been adversely affected by an imbalance between the lower supply of coffee and the expected increase in demand. The rise in temperature adversely affects the viability of coffee, especially Arabica coffee.

    The toll also includes 60% of the wild species of coffee being at risk of becoming extinct because of climate change. Rapid climate change requires farmers to push the elevation levels at which coffee grows in the mountains. Resulting in low-quality beans. Higher temperatures and warm climates also mean an open invitation to pests and fungi.

    The Pandemic and the Rising Labour Cost

    After the pandemic, the globe has seen a rise in inflation. Students who were studying abroad had to leave their dorms and universities with uncertainty. Most of these students and people who were living abroad moved back to their homes. This results in a gap left in the market, which has been expanding ever since.

    This is because most of them did not return to foreign lands to complete their degrees or changed their jobs completely. This brings us to hospitality businesses offering attractive prices for the available staff. The prices of everything on your menu would therefore increase, along with their wages.

    Another factor contributing to inflation is a shortage of labour, as there is a need for more workers in the sector with the increasing number of jobs in the recovery economy. Besides getting coffee right from the place where it was produced, getting it in your hands involves labour costs in all different segments, right from picking them up from the farm to getting them served to you in your café by your barista.

    Everything and everyone are connected in the world, and yes, that also means the ongoing war in Ukraine as well as the constant lockdowns in China. Which is affecting the global supply chain. As a result of freight costs, global food prices are rising, making the price of your coffee jump through the roof. As a result, we are left with the next situation, which is the fluctuation of supply and demand.

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    Coffee Leaf Rust

    Coffee Leaf Rust
    Coffee Leaf Rust

    Coffee leaf rust is making headlines. You might have read about it and wondered. Here is what coffee leaf rust looks like. This coffee rust fungal disease is taking over, causing a possible coffee leaf rust epidemic, and has been one of the socio-economic factors influencing the prices of coffee. Coffee rust usually appears as a yellow, dust-like powder that settles on the leaves, making the leaves dry and fall off the branches. The increase in moisture, as well as temperatures, can lead the fungus to multiply and grow. Leaf rust can destroy most of the production. Coffee leaf rust makes it hard to predict the lifecycle of the coffee plant. New, aggressive fungus variants of coffee rust were first discovered last year in May, increasing fear among the public.

    Not only this but the book Coffee Is Not Forever: A Global History of the Coffee Leaf Rust written by Stuart McCook already predicted that coffee could get more expensive. The countries that continue to fight the coffee leaf rust include Columbia, Mexico, Brazil, and more in 2022.

    Supply, Demand, and the Trend Factor

    As mentioned before, every industry has its own changes in demand and supply factors. In the case of the coffee segment, it is not balanced. The demand for coffee is greater than the supply, considering everything mentioned above.

    Remember when social media went crazy and obsessed with everyone whipping the Dalgona coffee trend back in 2020? The world is a kaleidoscope of many colours. Just as there is much diversity, there are different cultures. This gives rise to the various ways in which people enjoy their coffee.

    The trends today are shifting towards more people wanting to try high-end coffee roasters, different flavours, newer brewing methods, artisan coffee and special drinks, sustainable coffee and so much more. The prices have also shot up at the rosters and the supermarkets. The younger generation has a say in what’s popular, making the trend. Which disrupts the demand and supply chain, leaving you with an overpriced cup of coffee even in your cafés. Apart from that, there’s a growing trend to have their green beans flown in, rather than brought in by the boats with the belief that coffee tastes the best when roasted freshly, at the place of its consumption.

    Conclusion

    Given the scenario, coffee prices are estimated to rise further. The rapid climate change, increasing demand, and trends that are becoming more obvious have directly affected the way coffee is traded, having a negative impact on the global supply chain. Further rapid climate change, land problems, and coffee leaf rust have negatively impacted the production of coffee, making it hard to grow, which also brings us to the point that coffee could be considered more of a luxury than a commodity in the future.

    FAQs

    What are the two main types of coffee?

    Arabica and Robusta are the two main types of coffee.

    What are the factors that are affecting the prices of coffee?

    The supply chain logistics in Brazil, land problems, rapid climate change, fluctuating demand and supply, changing trends, shortage of labour, coffee leaf rust disease, etc. are some of the factors affecting the prices of coffee.

    Is coffee going to get more expensive in the future?

    Yes, keeping the current scenario in view coffee prices are likely to surge in the future.

  • Best SaaS Management Platforms for Improved Performance

    Companies have a set tech stack that includes various kinds of software for employees. These include much software opted for by departments across the organization. The IT and finance departments have to manage all this software to ensure their functioning.

    However, often similar apps are used by different departments, leading to similar apps and added costs. Also, at times there is software that is no longer in use, but the company continues to pay the subscription. In a nutshell, companies spend way more than they should on software without a proper management system in place.

    To help companies with this software, there are dedicated software that helps with SaaS management. They give an overview of all the software employed and their usage to ensure effortless management.

    What is a SaaS Management Tool?
    Benefits of SaaS Management Tools
    Zluri
    Cledara
    BetterCloud
    Augmentt
    Snow
    Productiv
    Zylo
    Torii
    Vendr

    What is a SaaS Management Tool?

    SaaS management tools are dedicated SaaS products that help companies to manage their software. Big companies sign up for many SaaS tools to facilitate day-to-day operations. Deploying a separate tool to manage these ensures easier SaaS management. The IT and finance departments can get an overview of the software in use and can remove any redundant tools. What else can a SaaS management tool do?

    Benefits of SaaS Management Tools

    Amongst a bunch of SaaS tools, why opt for another tool? Wouldn’t that just add to the cost and list of SaaS tools?

    Well, SaaS management tools are different from regular SaaS tools, dedicated to assisting in business operations. This one tool can keep you on top of all the software.

    1. Reduce Risk– SaaS management tools reduce the risk of software duplication. Moreover, the company and access details are safe and restricted. This reduces the threat to the company’s details and employees’ data.
    2. High ROI– With no software duplication and deep insights into software usage, the company can boost its ROI. They invest solely in the software that brings value to the firm and unsubscribe from redundant software. This helps in cost-cutting and maximizing ROI.
    3. Enhanced Management– SaaS management tool’s main aim is to assist in managing those SaaS tech stacks which add up the burden on the IT and finance departments. The departments can easily track the usage and their associated costs.
    4. Cost Optimization– SaaS management tools help in cost-cutting by removing software that is not in use. Moreover, with usage insights, the departments can figure out a better alternative or a package to subscribe to these SaaS tools.
    5. Application Discovery– Another aspect of cost saving means finding a better alternative to the tool itself. What if the company finds a cheaper and more efficient alternative? SaaS management tools have a dedicated directory of SaaS tools that enable companies to find new applications and shift to a better option.
    6. User Management– SaaS management tool provide an overview of all the SaaS tools in the firm. It includes employee usage insights. This assists in user management of these tools and makes access data accessible.
    7. Usage Insights– One of the biggest issues with SaaS tools is many of them are redundant while some are complex. With the SaaS management tool, the IT and finance departments get an overview of usage to find any possible loopholes and enhance SaaS application usability.
    8. Vendor Management– While many companies source SaaS tools directly from the source, some save money by purchasing them from third-party companies. In such cases, vendor management is crucial to cost minimization and ROI maximization. SaaS management tools give clear information about the vendors to ease management.

    So, it is much more than just removing the apps or software that are redundant. SaaS management tools can be a real saviour for big companies, that deploy many SaaS tools. Here is a list of the top 10 SaaS management tools with reviews and pricing to assist you in decision-making about picking one for your business.

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    Top SaaS Management Tool

    SaaS management tools are easy-to-use and make SaaS management a breeze. All you need to do is add relevant details regarding all the deployed SaaS into the software and generate insightful data. Here are some of the best SaaS management platforms to help you manage several SaaS software, all at once easily:

    Zluri

    Zluri - Top SaaS Management Platforms
    Zluri – Top SaaS Management Platforms

    Zluri is one of the top-rated SaaS management tools that help in intelligent application discovery, cost optimization, and real-time insights with easy SaaS renewal. It allows IT and finance teams to manage and control the SaaS software stack easily.

    Pricing

    It provides three custom plans for businesses at various stages- growth, scale, and enterprise. The features become advanced to get comprehensive SaaS optimization and automation options.

    Cledara

    Cledara - Top SaaS Management Platforms
    Cledara – Top SaaS Management Platforms

    Cledara is a SaaS management tool to facilitate buying, managing, discovering, and cancelling out SaaS software effortlessly.  It saves the company’s resources with 100% visibility into SaaS tools. The company can access real-time SaaS budget analytics with usage insights and renewal reminders. Automated invoices make payments easier and quicker.

    Pricing

    Cledara offers three models starting at $125 per month and going up to $600 per month. Moreover, it provides extra add-ons for handling compliance. Additionally, it offers an uncapped 2% cash back on software purchases.

    BetterCloud

    BetterCloud - Top SaaS Management Platforms
    BetterCloud – Top SaaS Management Platforms

    BetterCloud is a leading SaaS manager tool that empowers the IT and finance departments for enhanced SaaS management. It provides a platform for a centralized dashboard to manage SaaS software. Options for automation, reporting, security, and advanced customization are also part of the tool.

    Pricing

    It offers three models with a free plan aiming at monitoring and insights. In addition, there are pro and enterprise plans for added usability.

    Augmentt

    Augmentt - Top SaaS Management Platforms
    Augmentt – Top SaaS Management Platforms

    Augmentt is a secure SaaS management tool for real-time SaaS management. Its main aim is to create a secure SaaS environment and provide multiple backup options. It is an easily affordable option for companies facing an issue with SaaS security and management.

    Pricing

    Augmentt doesn’t offer any pricing model and creates custom packages for each of its customers. You need to fill out a form and their team will get back to you.

    Snow

    Snow - Top SaaS Management Platforms
    Snow – Top SaaS Management Platforms

    Snow provides the companies’ discovery, optimization, and governance of the SaaS environment. Be it insights into SaaS usage or effective renewals, it covers it all. It aims at cost optimization by avoiding SaaS sprawling effortlessly. It enhances saas management to remove the threat of IT shadowing.

    Pricing

    Snow doesn’t have a defined pricing plan but offers a free trial. You need to contact their team to get custom plans to suit business needs.

    Productiv

    Productiv - Top SaaS Management Platforms
    Productiv – Top SaaS Management Platforms

    Productiv aims at cost optimization of the SaaS tools with a data-driven dashboard giving real-time insights. Companies use this tool for automating SaaS workflows. It provides a fulfilling experience to enhance the adoption and engagement of employees while simultaneously reducing costs.

    Pricing

    Productive offers a free demo and custom plans for businesses to meet the specific needs of each business. You need to contact the team with a simple form on the website. The team reaches back with a customized plan to meet your business demands.

    Zylo

    Zylo - Top SaaS Management Platforms
    Zylo – Top SaaS Management Platforms

    Zylo is an all-in-one SaaS management and optimization platform. It aims at cost-cutting by offering dedicated SaaS negotiation services. It provides visibility into SaaS usage and highlights overlapping applications to reduce cost. It facilitates employee satisfaction along with compliance and renewal control.

    Pricing

    Zylo offers custom offers based on your needs. It provides various add-ons such as benchmarks and managed services. It does give a free demo, to begin with.

    Torii

    Torii - Top SaaS Management Platforms
    Torii – Top SaaS Management Platforms

    Torii is one of the top SaaS management tools aiming to reduce costs and provide a secure SaaS environment. It looks after the threats related to shadow IT and SaaS sprawling. It eases the onboarding, renewal, and vendor management process. Overall, it is a comprehensive tool for SaaS management.

    Pricing

    Torii offers custom plans to meet business needs. You need to contact their team to get a tailor-made plan.

    Vendr

    Vendr - Top SaaS Management Platforms
    Vendr – Top SaaS Management Platforms

    Vendr aims at SaaS procurement and helps to find the right SaaS tools. It helps with SaaS management in a way to buy, renew, and manage the SaaS for the teams. Security risks are covered with the tool, which manages the entire tech stack on its own.

    Pricing

    It has three plans based on the annual SaaS spending of a firm. For firms with SaaS spending of $400k-$1 million, the cost of the app comes down to $36,000. For firms with SaaS spending between $1 million and $5 million, the price is $78,000. This can go up to $120,000 for companies with annual SaaS spending of over $5 million.

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    Conclusion

    SaaS management can seem a hassle without using the right tool. You need to understand the features of each tool and the business needs. Picking a random SaaS management tool will become part of the SaaS tech stack instead of being the enabler.

    So, look for tools that offer a soothing user interface with integration to a wide variety of applications. Poor integration capabilities mean that you won’t be able to add all the software to the application which will defeat the purpose in itself. Moreover, look for a tool that offers features to match your needs. Pay close attention to the usability of the tool to pick the right one for your firm!

    FAQs

    What is SaaS?

    SaaS stands for Software. It enables users to use and connect through cloud-based programs over the internet.

    What is SaaS management?

    SaaS management refers to the whole management of Saas, it includes, purchasing, licensing, renewals, etc.

    What are SaaS management tools?

    SaaS management tools are dedicated SaaS products that help companies to manage their software.

    What are some of the SaaS management tools?

    Zluri, Cledara, Zylo, Onetool, etc.

  • What is the Future of Ecommerce?

    Ecommerce has flourished rapidly in recent years. The pandemic further enhanced it as people had to shop online during lockdown periods.

    Along with the latest technologies and refinements in the industry, Ecommerce itself has experienced crucial modifications. And this is, to be honest, just the beginning.

    A recent survey found that 76% of online buyers purchased on websites outside their home nations. It indicates more Ecommerce companies will develop on a global scale.

    By the year 2026, revenue in the Ecommerce market is predicted to reach $6.43 trillion in revenue. But the rapidly growing Ecommerce market is developing just as quickly as it’s extending. And because of rapid invention and creation in this space, the future’s Ecommerce landscape could look extensively different from the existing one.

    We cannot predict the future accurately, but there are some indicative signs of what can follow. Some trends for the forthcoming years are already part of our daily lives, but they will evolve and become stronger. Others are nearly on the brink of becoming a reality, and some will likely need time to settle down, but it is better to stay prepared. Some of  the trends are:

    1. Projection of Revenue

    Nothing is more effective than starting with data and statistics to discuss the future of Ecommerce.

    The expected global Ecommerce market revenue will be $3.61 trillion in 2022. According to projections, this amount will increase by 12.25% over the following years, reaching about $6.43 trillion by 2027.

    Also, the predicted global retail Ecommerce market revenue will be $5.7 trillion in 2022. This amount will increase by 56% over the next years, attaining about $8.1 trillion by 2026.

    2. Drones for Delivery

    Amazon’s drone delivery

    Without a doubt, delivery drones will play an important role in Ecommerce in the future. And it appears to be approaching fast.

    Drone deliveries are in testing in many industries, including the food industry. Delivery drones are capable of shipping on various scales without the involvement of humans.

    3. Multichannel experience

    Nike multichannel demonstration
    Nike multichannel demonstration

    Offering a multichannel experience (also known as omnichannel) for the customer is crucial and is a growing trend. This will be standard procedure in the future of Ecommerce.

    Although statistics indicate that more people are using online services, physical retail will still be around because it is convenient and not just an option. The client responds in what initially appears to be the simple and most logical way.

    4. Diverse payment options

    Myntra providing diverse payment options
    Myntra providing diverse payment options

    In the line with talking about trends in Ecommerce, another strong trend in Ecommerce is to give different payment choices to the customer, especially speedy payments, making the checkout process more comfortable and more agile. As the pandemic taught us, it is important to set up accepting payments online. Online payments provide customers with the flexibility to pay from anywhere and at any time.

    5. Rising mobile commerce

    Mcommerce sales has doubled in 2022 since 2019 and projected to reach $710 Bn in 2025
    Mcommerce sales have doubled in 2022 since 2019 and are projected to reach $710 Bn in 2025

    Mobile commerce, which already accounts for more than 70% of online retail, will undoubtedly continue to grow in the years to come.

    In the United States, expected mobile retail commerce sales are $430 billion in 2022. By 2025, it is to account for 10% or more of all retail sales in the US.

    6. Personalized experience

    Amazon using browsing history for personalised experience
    Amazon using browsing history for personalised experience

    Customization of the experience will be essential in many ways for Ecommerce in the future as customers value personalized and customized services more and more.

    Online retailers have a recommendation system that suggests comparable and closely related products for each customer to purchase in the intelligent shop windows.

    7. Visible stimulus

    We are currently in a highly visual phase, and as technology develops, the influence of visual and visible stimuli on decision-making during purchases will increase.

    The benefit is the ability to inspect a product from various angles using a VR headset, whether inside or outside. It is unquestionably much more impressive and realistic-looking than viewing 2D images virtually.

    8. Automated service

    Automatic attendance systems, like chatbots, are already widely used but will become even more common in Ecommerce. The machines can learn what the customer needs. They can interact with the customer quickly and assertively by implementing specific keywords and even using artificial intelligence.

    Automation contributes to business growth by saving time, increasing sales, and making marketing effective.

    9. Social responsibility and Sustainability

    Adidas' participation in Sustainability
    Adidas’ participation in Sustainability

    Customers are becoming more concerned with and appreciative of businesses that value sustainable consumption and uphold social responsibility.

    Hence numerous large corporations are working to reduce the use of harmful materials like plastic and the use of natural resources with awareness. Additionally, they make investments in environmentally friendly practices like planting trees.

    Another emerging trend is support for social causes, such as giving to NGOs. Companies connect to social projects, and customers can opt for an action for which a part of the payment goes to a donation. Many businesses have already used the service and obtained a higher retention and conversion rate, proving that the customers approve of this type of conduct.

    Voice technology is developing very quickly. They are already a part of daily commerce’s operations and are likely to be present in the next generation of online shopping.

    The fastest-growing sales channel in the US is voice commerce, also known as voice shopping. Voice assistants like Google Assistant, Siri, and Alexa are in use for shopping. This trend will quickly roll out to other nations.

    Customers frequently enter search engines like Google and Yahoo and conduct voice searches for goods abroad and here.

    Forecasts indicate that by 2024, there will be more digital voice assistants than people on the planet (8.4 billion units).

    Conclusion

    Long-term technological and infrastructure developments suggest that Ecommerce will continue to grow more vibrant and scalable. It’s critical to stay up to date and be prepared to deal with the challenges caused by changes in Ecommerce. However, by following the trends described here, somebody surely will be on the right track to success.

    FAQs

    Is Ecommerce growing as we expected it to?

    Yes, the Ecommerce market is rapidly growing and is developing just as quickly as it’s extending. By the year 2026, revenue in the Ecommerce market is predicted to reach $6.43 trillion in revenue.

    Some of the trends of Ecommerce are:

    • Projection of  Revenue  
    • Drones for Delivery  
    • Multichannel experience
    • Diverse payment options
    • Rising mobile commerce
    • Personalized experience
    • Visible stimulus
    • Automated service
    • Social responsibility and Sustainability
    • Voice commerce and audio search

    Which Ecommerce type is the most successful?

    The B2C  is the most successful Ecommerce type. You can sell your products directly to diverse customers and make a good profit.

  • Shree Cement | Success Story

    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 Shree Cement.

    One of the most crucial building materials in construction is cement. If it is of not good quality, chances are your building won’t last for a long period. The lifespan of a particular building always depends upon the quality of the cement. Therefore, while constructing a building, make sure your cement is durable and strong.

    Talking about building materials, they have remained largely unchanged for hundreds of years but, with all of today’s technology, there are amazing options like sustainable building materials. With rapid changes and people becoming more aware of environmental issues, building materials are now sustainable.

    Shree Cement is one such Indian cement manufacturer that is popularly known for its sustainable and innovative cement solutions for decades now. The company was founded in 1979 and has its headquarters in Kolkata, soon going to be shifted to Noida.

    Read all about Shree Cement’s success story, its founder, business model, acquisitions, and more.

    Shree Cement – Company Highlights

    • Headquarters                  Kolkata, India
    • Sector                               Building Materials, Cement manufacturing
    • Type                                  Public
    • Founder                           Benu Gopal Bangur
    • Founded                          1979
    • Valuation                         Rs 76,850.73 crores
    • Revenue                           Rs 13,942 crores (2021)
    • Website                            www.shreecement.com

    Shree Cement – About
    Shree Cement – Industry Details
    Shree Cement – Founder and Team
    Shree Cement – Startup Story
    Shree Cement – Mission and Vision
    Shree Cement – Name, Tagline, Logo
    Shree Cement – Business Model
    Shree Cement – Revenue Model
    Shree Cement – Mergers and Acquisitions
    Shree Cement – Awards and Achievements
    Shree Cement – Competitors
    Shree Cement – Future plans

    Shree Cement – About

    Shree Cement is an Indian cement manufacturer that was founded in 1979 in Beawar, Rajasthan. Currently, its headquarters are located in Kolkata, which will be shifted to Noida very soon as per a source.

    Since its inception, Shree Cement has been dedicated to the cause of long-term, inclusive growth. The company strives toward cultivating a culture that values continuous improvement, innovation, care, and collaboration, through which it drives operational excellence in products, processes, and people.

    Shree Cement is regarded as one of Northern India’s largest cement producers. The company’s operations can be found throughout India and the UAE, with four integrated plants in India, one in the UAE, and nine grinding units. In terms of running its business, Shree Cement is a pioneer in the use of alternative fuel resources in cement production. The company also has the world’s highest installed capacity of Waste Heat Recover Power plants, after China. Its plants are located in Beawar, Khushkhera, Jobner (Jaipur), and Suratgarh in Rajasthan, Laksar (Roorkee) in Uttarakhand, Panipat in Haryana, Bulandshahar in UP, Raipur in Chhattisgarh and Aurangabad in Bihar.

    An interesting fact about Shree Cement; it has a total cement production capacity of 47.4 million tonnes per year (including exports) and a power generation capacity of 752 megawatts.

    Shree Cement’s Sustainability initiatives

    Shree Cement has collaborated with Kendriya Sainik Board Secretariat, Rajya Sainik Boards, and Zila Sainik Boards, Ministry of Defence has announced a scheme known as #ShreeCementNaman, a scheme that will provide free cement to the family of martyrs.

    In offering educational programs for the community, some of its key programs are; Shree Shiksha Yojana, Nand Ghar Yojana, Shree Ki Pathshala, School Support Programme, etc.

    Shree Cement – Industry Details

    The building materials industry is considered a large part of the construction industry. It comprises materials like cement, bricks, concrete, sand, and gravel materials. The most used building materials are cement, steel, glass, wood, and plastics.

    As per reports, the projected market value of the global construction and building materials industry was $1,060.38 billion in 2022. Furthermore, it is expected that these figures will go up to $1,429.64 billion by 2027.

    Shree Cement – Founder and Team

    The founder of Shree Cement is Benu Gopal Bangur. The Bangur family owns 65% of Shree Cement.

    Benu Gopal Bangur

    Benu Gopal Bangur is the founder and Chairman of Shree Cement. He was born into a Marwari business family, whose grandfather Mungee Ram Bangur had started the Bangur family business in the late 19th century. BG Bangur holds a Bachelor of Commerce degree from Calcutta University. He has also been involved with several philanthropic and charitable institutions and trusts. BG Bangur has a net worth of $6.0 billion as of October 2019, according to Forbes. With a net worth of $7.3 billion in 2020, he ranked 14th on Forbes’ Indian billionaire list. BG Bangur is a widowed father of two living in Kolkata. Hari Mohan Bangur, his son, has been running Shree Cement since 1990.

    Hari Mohan Bangur

    An IIT, Bombay Chemical Engineer graduate, Hari Mohan Bangur has been a director of Shree Cement since 1992 and is its CEO. He is presently the Managing Director of Shree Cement. HM Bangur serves as the President of the Rajasthan Foundation’s Kolkata Chapter. Besides this, he is also the Chairman of “The Bengal,” an NGO that works closely with the Kolkata Police Department to assist the elderly. HM Bangur received the prestigious EY Entrepreneur of the Year 2016 award as well as the Forbes India Leadership Award in 2017. Prashant Bangur, his son, is the joint managing director of Shree Cement.

    Prashant Bangur

    Prashant Bangur is the Vice-Chairman of Shree Cement. He serves on the committees of the Indian Chamber of Commerce and Industry in Kolkata, the Bharat Chamber of Commerce and Industry in Kolkata, and the Indian School of Business in Hyderabad. Prashant Bangur strongly supports sustainable development and is a member of the National Management Committee of the Cement Manufacturers’ Association (CMA), India’s premier policy advocacy organization for the cement industry.

    Shree Cement – Startup Story

    It was in 1979 when BG Bangur incorporated Shree Cement with its first plant opening in Rajasthan after four years of its inception.

    The company began the production business in 1985. With the passing years, Shree Cement opened four integrated plants across India.

    In 2009, Shree Cement became the first cement company to produce Synthetic Gypsum, an environmentally friendly product that is a by-product of industrial processing.

    Today, Shree Cement stands as one of the largest cement manufacturers in Northern India. Shree Cement has grown from a 2 million tonne (mt) production capacity to the country’s third largest cement player, with an installed capacity of 43.3 mt in India and 50.4 mt overseas in the last two decades.

    Shree Cement – Mission and Vision

    Shree Cement’s vision is, “To Lead in creating prosperity and happiness for all stakeholders through innovation and sustainable practices.”

    Shree Cement aims to become the reason for its organization’s employees’ overall happiness. It goes by the principles of; Enforcing good corporate governance practices, Ensuring clarity in communication, and Encouraging socially responsible behavior.

    Shree Cement can be seen with a unique tagline, which is, “Sasta Nahin, Sabse Achcha“. With this tagline, Shree Cement proves to be the leader in the cement market.

    Shree Cement – Business Model

    As we all now know that Shree Cement is a manufacturer of building materials, especially cement. It can be said to have a diversified product portfolio. It is one of India’s top three cement producers and one of the fastest growing, with an installed capacity of 43.4 million tonnes per year in India and 47.4 million tonnes per year including overseas operations.

    Shree Cement’s Business Vertical consists of the following types of cement:

    • Portland Pozzolana Cement (PPC) –  This type of cement is made by mixing materials like silica, ash, pond ash, etc. It is mostly used for hostile environmental conditions.
    • Portland Slag Cement (PSC) – PSC is a reclaimed industrial by-product from an iron blast furnace. The molten slag which comes from an iron blast furnace is rapidly chilled. This again forms glassy granules with the desired reactive cementitious properties.
    • Ordinary Portland Cement (OPC) – This cement is created with the hydraulic binding material ground by mixing it with the right portions of gypsum. OPC is generally used in high-rise buildings, foundation systems, bridge and dam structures, silos and tanks, industrial pavements, and nuclear containment structures.

    Shree Cement’s top brands are;

    • Bangur Cement
    • Roofon
    • Bangur Power,
    • Shree Jung Rodhak
    • Rockstrong

    Shree Cement – Revenue Model

    Shree Cement gets its revenue by manufacturing the above-mentioned types of cement. Considered the top three cement producers in India, Shree Cement has a total capacity of 46.40 million tonnes per annum (MTPA) of cement production and 771 MW of power generation.

    As of 2021, Shree Cement generated a revenue of Rs 13,942 crores.

    Shree Cement – Mergers and Acquisitions

    Shree Cement has acquired two organizations. The details are:

    Date Acquiree name Amount
    April 30, 2018 Raipur Handling & Infrastructure $8.8 million
    January 11, 2018 Union Cement Co. $305.2 million

    Shree Cement – Awards and Achievements

    Shree Cement has been recognized in the industry for contributing the best quality products, and for serving the community. They have many won awards, these are:

    • Shree Cement has received the ICC Corporate Governance & Sustainability Vision 2020
    • Shree Cement has been awarded as the of India’s top 100 places to work for
    • Shree Cement has received the Golden Peacock Award for HR Excellence in 2019
    • Shree Cement has achieved the Global Sustainability Award in 2019
    • Shree Cement has been a recipient of Best Quality Excellence 2018-2019

    Shree Cement – Competitors

    The top competitors of Shree Cement are;

    1. UltraTechCement
    2. Dalmia Bharat
    3. Odisha Cement
    4. ACC
    5. Ambuja Cements
    6. Ramco Cements
    7. India Cements
    8. J.K Cement
    9. Nuvoco Vistas
    10. Star Cement

    Shree Cement – Future plans

    For its future goals, Shree Cement has reported setting up many goals. It has said that it will invest Rs 4,750 crore until FY 2024 for further expansions.

    Their new project in Puralia in West Bengal is to be completed by March 2023, Rajasthan’s project is to be completed between December 2023 and March 2024, and Andhra Pradesh’s which has just begun and is expected to be completed by March 2024.

    In addition, it also aims to increase its capacity at a 12% compound annual growth rate (CAGR) to 80 million tonnes by FY26.

    FAQs

    Who is the CEO of Shree Cement?

    Rajesh Ghurkha is the CEO of Shree Cement.

    Where is the head office of Shree Cement?

    The head office of Shree Cement is in Kolkata.

    What is the rank of Shree Cement in the Indian Market?

    Shree Cement currently ranks at number 2 in India.

    What is the market cap of Shree Cement?

    Shree Cement has a market cap of $10.22 Billion.

  • List of Top Rental Startups in India

    Startups based on rental apps (for handheld devices and computers) provide services to people for leasing cars, bikes, rooms, homes, or heavy equipment. Rental startups are there to facilitate a way for people to experience something without owning it. One can think of driving that dream car or bike for a short term without having to purchase it at an exorbitant price.

    The forecasted Car Rentals segment revenue for India is at $2.17 billion in 2022. By 2026, a market volume of $2.95 billion is predicted, with revenue forecast to expand 7.92% annually (CAGR 2022-2026). This article discusses the leading rental companies in India that are radically changing this sector.

    List of Top Rental Startups in India

    Vehicle Rental Startups in India
    House Rental Startups
    Room rental Startups
    Medical Equipment Rental Startups

    Vehicle Rental Startups in India

    The Global bike-sharing market is estimated to grow to over 13.7 Billion by 2026
    The Global bike-sharing market is estimated to grow to over 13.7 Billion by 2026

    Myles

    Founder Sakshi Vij
    Founded in 2013
    Operational cities Delhi, Mumbai, Pune, Noida, Gurgaon, Bangalore, Chennai, Hyderabad, and other 13 cities

    Myles Founder | Rental Startups in India
    Myles Founder | Rental Startups in India

    Myles often reviewed as one of the best car rental companies in India, has 38 awesome cars one can choose from according to the need. Myles allows you to rent a car across 21 major cities in India. The cities include Delhi, Mumbai, Chennai, Goa, Jaipur, Pune, and many more.

    Zoomcar

    Founders Greg Moran and David Back
    Founded in 2013
    Operational cities Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and other 28 cities

    Zoomcar Founders | Greg Moran and David Back
    Zoomcar Founders | Greg Moran and David Back

    Zoomcar is one of the top rental companies in India, operating in over 34 cities. You can hire a car from a diverse spectrum that starts with a Tata Nano and extends to expensive, high-end models like the Mercedes GLA. You can rent a car anywhere from an hour to a month.

    House Rental Startups

    According to Knight Frank India, the average home price increased by 3% to 10% in July-September, 2022, while office rent increased up to 13% as a result of increased demand for properties. Here are some of the property rental startups in India:

    Housing

    Founders Rahul Yadav and 11 other IIT, Bombay Graduates
    Founded in 2012
    Operational cities Chennai, Mumbai, Bengaluru, Kolkata, Delhi, and other 34 cities

    Housing ex-Founder and ex-CE0 | Rahul Yadav(on right)
    Housing ex-Founder and ex-CE0 | Rahul Yadav(on right)

    For those looking for a flat on rent, Housing is the answer. This startup is devoted to connecting people with the one of their choice. You can choose from different types of flats: fully furnished, unfurnished, semi-furnished, etc. The extensive network for Housing across India means that finding a place will be as easy as ABC!

    Fairpockets

    Founders Ritesh Anand & Rumki Sengupta
    Founded in 2017
    Operational cities PAN India

    Fairpockets Logo | Rental Startups in India
    Fairpockets Logo | Rental Startups in India

    Fairpockets is a fair-price property portal and a SaaS-based mobile marketplace. It is an online platform that connects the trio of buyers, sellers, and brokers. Fairpockets allows free property posting on its website, and the valuation of the property is done for resale before the advertisement goes live. One can also rent properties through Fairpockets. Its price calculator, inventory management, lead management, and communication system features are highly rated and sought after.

    NoBroker

    Founders Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg
    Founded in 2014
    Operational cities Mumbai, Bangalore, Pune, and other cities

    NoBroker co-founders | Saurabh Garg, Amit Kumar Agarwal, and Akhil Gupta
    NoBroker co-founders | Saurabh Garg, Amit Kumar Agarwal, and Akhil Gupta

    NoBroker is another application that assists in putting up homes for rent. As the name suggests, the startup stays clear of brokers and other middlemen to avoid unnecessary problems. The platform has over 30,00,000 monthly users, and its services are available in Mumbai, Bangalore, Pune, Chennai, Hyderabad, Delhi, Faridabad, Noida, Ghaziabad and Gurgaon.

    RentRoomi

    Founders Nitin Sharma
    Founded in 2016
    Operational cities Hyderabad, Delhi, Bangalore, Jaipur, and other cities

    RentRoomi Logo | Rental Startups in India
    RentRoomi Logo | Rental Startups in India

    RentRoomi helps search for accommodations avoiding fake listings and endless site visits. The company is working to solve the problem of Generation Y by letting them find suitable accommodation in cities with the roomies of their choice. RentRoomi currently operates in Hyderabad, Delhi, Bangalore, Jaipur, Pune, Mumbai, Kolkata, and Chennai. Nitin Sharma is the founder and CEO of RentRoomi. An engineer by qualification, Nitin worked in a software development company as a project planning and business developer before starting RentRoomi.

    99acres

    Founders Sanjeev Bikhchandani
    Founded in 2005
    Operational cities Across India

    99acres Logo | Rental Startups in India
    99acres Logo | Rental Startups in India

    99acres is an Indian real estate platform founded in 2005 by Sanjeev Bikhchandani. It allows users to search for properties and land to buy, sell and rent, all through the comfort of their mobile phones. The company caters to almost all Indian cities and is a behemoth in the online real estate market. Over 10,000 properties are listed every day.

    Magicbricks

    Founders The Times Group
    Founded in 2006
    Operational cities Bangalore , Chandigarh , Chennai, Delhi NCR, and other cities

    Magicbricks Logo | Rental Startups in India
    Magicbricks Logo | Rental Startups in India

    Magicbricks is a division of Times Internet Group Limited. The platform allows buyers and sellers to locate properties in India. Magicbricks provides all the information about the property it lists and let people buy or rent the same through its website. It has over 15,00,000 active property listings. Founded in 2006, it has its headquarters in Noida.

    NestAway

    Founders Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev
    Founded in 2015
    Operational cities Noida, Pune, Mumbai, and other cities

    NestAway Founders | Amarendra Sahu, Jitendra Jagadev, Smruti Parida, and Deepak Dhar
    NestAway Founders | Amarendra Sahu, Jitendra Jagadev, Smruti Parida, and Deepak Dhar

    NestAway is an online home rental marketplace for individuals and families. It provides fully furnished and well-maintained rooms and flats for rent without brokerage fees. NestAway has headquarters in Bengaluru, and its services are across 13 cities, including Noida, Pune, and Mumbai.

    Room rental Startups

    Airbnb

    Founders Brian Chesky, Nathan Blecharczyk, and Joe Gebbia
    Founded in 2008
    Operational cities 220+ countries and regions

    Airbnb Logo | Rental Startups in India
    Airbnb Logo | Rental Startups in India

    Airbnb is a California-based startup for arranging and offering to lodge. Airbnb focuses on temporary homestay and tourism. It provides rooms for the home stay to people, and homeowners can easily list their properties on their platform using the Airbnb app or website. Airbnb acts as a broker, receiving a commission for each booking made from its platform.

    OYO rooms

    Founders Ritesh Agarwal
    Founded in 2012
    Operational areas Europe, Asia and United States

    OYO Logo | Rental Startups in India
    OYO Logo | Rental Startups in India

    OYO, a Gurgaon-based company, is the biggest platform in India and one of the world’s fastest-growing hotel chains for booking hotel rooms at pocket-friendly prices. The parent company of OYO is Oravel Stays Private Limited. Its services are available in 35 countries. Under Ritesh Agarwal, OYO is rapidly building its dominance outside India through an acquisition spree.

    TRIVAGO

    Founders Rolf Schrömgens, Stephan Stubner, Peter Vinnemeier, and Malte Siewert
    Founded in 2005
    Operational areas 190 countries worldwide

    trivago Logo | Rental Startups in India
    trivago Logo | Rental Startups in India

    A Germany-based company, trivago specializes in Internet-related services and products in the hotel, lodging, and meta-search fields. trivago, founded in Germany in January 2005, offers research and compares facilities for over 5 million hotels by leveraging information from over 300 hotel booking sites and other types of accommodation in over 190 countries.

    Medical Equipment Rental Startups

    PrimedeQ

    Founders Shanthi Mathur and Achudhan Mani
    Founded in 2016
    Operational areas 250 hospitals across 6+ states and 65+ cities

    PrimedeQ Logo | Rental Startups in India
    PrimedeQ Logo | Rental Startups in India

    PrimedeQ, India’s first comprehensive B2B eMarketplace for Products and Services related to medical equipment & devices, provides access to multiple affordable, good-quality medical equipment for rent. It aims at bringing down selling costs for sellers through its virtual platform. Hospitals can buy, sell or rent equipment, get medical equipment serviced, and purchase spares & accessories–both new and used. Shanthi Mathur and Achudhan Mani are the founders of PrimedeQ. Shanthi Mathur is the CEO of PrimedeQ, whereas Achudhan Mani is the director of PrimedeQ.

    Portea

    Co-Founder and Chairperson Meena Ganesh
    Founded in 2013
    Operational cities Bangalore, Mumbai, Chennai, Pune, Hyderabad, and other cities

    Portea Logo | Rental Startups in India
    Portea Logo | Rental Startups in India

    Portea provides healthcare equipment rental services in over 40 cities in India. In addition to medical equipment, it lists healthcare professionals’ services like attendants, nurses, and doctors. One can place an order for medical equipment(s) on Portea’s website and get the same delivered to their doorstep. Portea also provides a lab test facility at home.

    Conclusion

    Renting is not only cheaper but also gets rid of the tension that comes bundled with ownership. There has been a seismic shift toward the renting culture, especially among the millennials. The craze for tourism and exploration has only bolstered this shift.

    FAQs

    Which are the top Rental Startups in India?

    Some of the top Rental Startups in India are:

    • Myles
    • Zoomcar
    • 99acres
    • NoBroker
    • Magicbricks
    • Housing
    • Fairpockets
    • NestAway
    • OYO
    • trivago
    • Airbnb
    • RentRoomi
    • PrimedeQ
    • Portea

    Which are the sites for rental homes in India?

    99acres, NoBroker, Magicbricks, and NestAway are the best site for rental homes in India.

    Is Zoomcar a good option?

    With Zoomcar, you can hire a rental or self-drive vehicle of your choice for a reasonable price. The cars have all-India permits, and Zoomcar offers many stations across the nation from where you can pick up your preferred vehicle. So it is a good option.

    Which is the site to sell property in India?

    99acres, NoBroker, Magicbricks, and NestAway are among the best sites to sell property in India.

    Which are the sites for hotel booking in India?

    OYO rooms and trivago are the hotel booking sites in India.

    Which are Medical Equipment Rental Startups in India?

    PrimedeQ and Portea are among the best Medical Equipment Rental Startups in India.

  • Glenmark Pharma Success Story-A company serving 65+ nations

    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 Glenmark Pharma Limited.

    Active pharmaceutical ingredients (APIs) are any compound or combination of substances utilized in a finished pharmaceutical product. The introduction of these APIs is due to the increase in the desire for affordable new medications.

    The APIs market is evolving, and many large pharmaceutical manufacturing companies are upscaling their APIs manufacturing process. One of the reasons for this growth is that the APIs market has given rise to opportunities.

    If there’s one company that is bringing evolution with its creation of generic medications and APIs, then it is Glenmark Pharmaceuticals Limited. The company was founded in 1977 by Gracias Saldanha.

    Find out the success story of Glenmark Pharmaceuticals Limited. We have covered all the suitable information related to the company like its founder, startup story, business and revenue model, and many more details.

    Glenmark Pharma Limited – Company Highlights

    Headquarters Mumbai, India
    Sector Pharmaceutical Manufacturing
    Type Public
    Founder Gracias Saldanha.
    Founded 1977
    Revenue Rs 29,649 million
    Total Funding Raised $58 million
    Website glenmarkpharma.com

    Glenmark Pharma Limited – About
    Glenmark Pharma Limited – Industry details
    Glenmark Pharma Limited – Founder
    Glenmark Pharma Limited – Startup Story
    Glenmark Pharma Limited – Mission and Vision
    Glenmark Pharma Limited – Name, Tagline, Logo
    Glenmark Pharma Limited – Business & Revenue Model
    Glenmark Pharma Limited – Funding and Investors
    Glenmark Pharma Limited – Mergers and Acquisitions
    Glenmark Pharma Limited – Advertisements and Social Media Campaigns
    Glenmark Pharma Limited – Awards and Achievements
    Glenmark Pharma Limited – Competitors
    Glenmark Pharma Limited – Future Plans

    Glenmark Pharma Limited – About

    The company, Glenmark Pharmaceuticals was established in 1977 to become a preeminent, fully integrated, international pharmaceutical firm. Glenmark seems to have a sizable presence in countries throughout emerging economies, including India, through its imprinted generics business. The company’s main efforts lie in making inexpensive, high-quality medicine available to patients worldwide. There are about 100 million patients worldwide who benefit from its generic medications each year.

    Glenmark is also a top partner for pharmaceutical firms throughout the world and a global provider of high-quality API goods. Its API Business offers its goods in more than 65 nations, including the US, many EU nations, South America, and India.

    Glenmark Pharma Limited – Industry Details

    From 13.7% in July 2020, the Indian pharmaceutical market grew at a rate of 17.7% yearly. As per some reports, the Indian pharmaceutical market would generate over 12% YoY growth in sales in FY22.

    Besides the tremendous pharmaceutical sector advancements, this industry’s revenue totaled $1.27 trillion in 2020. With continuous innovations in the world of medicines and all things pharma, these numbers are only going to increase.

    Glenmark Pharma Limited – Founder

    Glenmark Pharma Limited’s founder is Gracias Saldanha.

    Gracias Saldanha, founder of Glenmark Pharma
    Gracias Saldanha, founder of Glenmark Pharma

    Gracias Saldanha

    Gracias Saldanha was the founder and CEO of Glenmark Pharmaceuticals. He laid the foundation stone of the company in 1977. Gracias belongs to the village of Saligao, a district in Goa.

    Gracias Saldanha was listed at 69th position on Forbes’s list of Indian billionaires in 2011. His net worth was estimated at $805 million.

    Gracias is popular for his philanthropic activities in Goa and his contributions to boosting Indian generic drugs. For all these activities the pharma company is steadily growing. Gracias Saldanha died on 21s July 2012.

    Glenn Saldanha

    Glenn Saldanha is the current MD and Chairman of Glenmark Pharma Limited. He gained his bachelor’s in Pharmacy from the University of Mumbai and also has an MBA degree from NYU Stern School of Business.

    Before joining Glenmark, Glenn worked as a consultant at PwC USA. He has won many awards including EY Entrepreneur of the Year in 2017, Best CEO: Pharma & Healthcare Issued by Business India in 2014,

    India Pharma Leader Award is given by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Govt of India in 2015 to name a few. Glenmark has changed under his direction from an Indian-based generics company to one that prioritizes research and innovation.

    Glenmark Pharma Limited – Startup Story

    Established in 1977 by Gracias Saldanha, Glenmark’s motto was to produce generic medications and active pharmaceutical ingredients.  The firm first offered its products in India, Russia, and Africa and later on offered them to other parts of the world. In 1999, the firm went public in India, and a portion of the revenues was utilized to construct its first research center. The generics market in general started transitioning to the end of a period of enormous patent cliffs in the pharmaceutical sector in the middle of the 2010s. Patented drugs with annual sales of about $28 billion were scheduled to come off patent in 2018, but only about $10 billion in sales were projected to be available to competitors in 2019 and even less the following year.

    The company specialized in developing novel medications and biosimilars for the treatment of cancer, skin conditions, and respiratory diseases, and it worked with big pharma to make money off of these products.

    Glenmark’s revenues for the fiscal year 2016–2017 were around 81 billion INR ($1.25 billion), ranking it as the fourth-largest pharmaceutical firm in India.

    Glenmark Pharma Limited – Mission and Vision

    The vision statement of Glenmark is, “To discover possibilities and make the lives of patients better across the globe by developing cures for unmet medical needs.”

    Gracias Saldanha has named the company after his two sons, Glenn Saldanha and Mark Saldanha.

    The tagline of Glenmark is, “A new way for a new world”

    Glenmark Pharma Limited – Business & Revenue Model

    The business model of Glenmark is said to have two categories – Specialty Business and Generic Business.

    The business operations of Glenmark involve the manufacturing of generic drugs and APIs, both in the domestic and international markets. Glenmark has several business elements such as Paediatrics, Internal Medicine, Dermatology, Gynaecology, ENT, and Diabetes. It has three cutting-edge R&D centers located in Sinnar (Maharashtra), Taloja (Maharashtra), and Mahape (Maharashtra). The company has a total of 10 manufacturing facilities globally – seven in India (Goa, Sikkim, Nalagarh, Nashik, Indore, Aurangabad) – one in the USA (North Carolina) – one in Argentina (Buenos Aires), and one in Czech Republic (Vysoke Myote).

    In the pandemic year 2020, the corporate launched a potential COVID-19 drug Favipiravir under the name FabiFlu in India after studies found that there was some advantage of the drug in COVID-19 treatment. Within a few months of this new drug launch, it conjointly unrolled the next strength version of FabiFlu.

    Its business operations include – 10 World class facilities across four continents and operates in over 80 countries.

    Glenmark mostly generates its revenue from manufacturing drugs primarily focused on the areas of inflammation – asthma/COPD, rheumatoid arthritis, metabolic disorders – diabetes, obesity and pain – neuropathic pain, and inflammatory pain. As per reports, the company gets about 58% of its revenue from Specialty business formulations coming from the domestic segment.

    Glenmark’s CSR initiatives are primarily focused on child health through Glenmark Foundation, and over the years, it had a global impact on over 900,000 lives.

    Glenmark Pharma Limited – Funding and Investors

    Over three rounds, Glenmark Pharmaceuticals has raised $58 million in investment. On August 13, 2018, they received their most recent capital from a Post-IPO Equity round. Three investors are financing Glenmark Pharmaceuticals. The most recent investors are True North and Actis.

    Glenmark Pharma Limited – Mergers and Acquisitions

    Glenmark Pharmaceuticals have bought four businesses. On March 27, 2007, they made their most recent purchase, Medicamenta.

    Date Acquiree name Amount
    March 27, 2007 Medicamenta –
    December 26, 2005 Bouwer Bartlett –
    October 26, 2005 Servycal –
    April 2, 2004 Laboratorios Klinger $5.2 million

    Glenmark Pharma Limited – Advertisements and Social Media Campaigns

    In 2021, Glenmark advertised its talcum powder under the brand name – Candid dusting powder. The advertisement features Rohit Sharma, a renowned cricketer. The video talks about Glenmark’s talcum powder’s features like anti-bacterial skin solutions, sweat absorbent ability, etc.

    Glenmark Pharma Limited – Awards and Achievements

    Here’s the list of awards and achievements won by Glenmark:

    • Glenmark has won Best Innovative CSR project at the 5th Edition of the Corporate Social Responsibility Summit and Awards
    • Glenmark has won Gold Award-Environmental Excellence- Nalagarh Plant-by Apex India Green Leaf Awards 2021
    • Glenmark has won India Pharma CSR of the Year – Runner Up – India Pharma & India Medical Device Awards 2022
    • Glenmark has won Safety Environment Strategy Summit & Awards 2022 in the category – ‘Managing Risks and Risk Assessment at Work’.
    • The Glenmark Foundation won the 8th CSR India Award for outstanding achievements in the ‘Promotion of Healthcare’ category.

    Glenmark Pharma Limited – Competitors

    Glenmark competes with the following list of top companies:

    1. Dr. Reddy’s Laboratories
    2. Cipla Limited
    3. Divi’s Laboratories
    4. Lupin Ltd.
    5. Aurobindo Pharma Ltd.
    6. Torrent Pharma
    7. Abbott India
    8. Zydus Lifesciences Ltd.
    9. Pfizer
    10. Gland Pharma Ltd.
    11. Alkem Lab
    12. Ajanta Pharma

    Glenmark Pharma Limited – Future Plans

    The company is planning to invest Rs 600 crores to double its capacity in the coming years. To add, Glenmark is planning to enter more regulated growth markets like Brazil, Russia, Korea, Mexico, Taiwan, and Saudi Arabia.

    FAQS

    What is the rank of Glenmark Pharma?

    Glenmark ranks 13th among global pharmaceutical companies.

    Who is the CEO of Glenmark Pharma?

    Glenn Mario Saldanha is the CEO Glenmark Pharma.

    Is Glenmark Pharma a public company?

    Yes, Glenmark Pharma is a public company.

    Where is the head office of Glenmark Pharma?

    The head office of Glenmark Pharma is in Mumbai.

  • Top 12 USA Startups to Look Out For in 2022 | Fastest Growing US Startups

    Keeping the pandemic in mind, startups had to rethink their goals. With the benefits of agility came an increase in competition, which drove startups to rise rapidly. Lastly, it gave people time to think and pursue what they truly believed in. In addition to the great resignation period that gave birth to other startups, this helped to solve many problems.

    Startups have been thriving despite the pandemic; the possible reasons given by the experts are mainly due to the fact that change and growth come hand in hand. Moreover, as rightly pointed out, a shaky economy is a helpful catalyst for startups’ growth and innovation. Startups are believed to be more successful in the United States than in other places. And they have been growing at a fast pace.

    Best Growing Startups in the US

    Here’s a list of the top 15 fastest-growing startups in the United States:

    Snowflake‌
    Electric
    ‌SoundHound
    People.ai
    Otter.ai
    Whatnot
    Daring
    Gala‌ Games
    Ellevest
    Goodleap
    Instacart
    Devoted Health

    Snowflake‌

    Founders: Thierry Cruanes, Marcin Zukowski, Benoit Dageville
    Headquarters: Bozeman, Montana, US
    Established: 2012
    Industry: Cloud Computing

    Snowflake's Market Share & Annual Revenue
    Snowflake’s Market Share & Annual Revenue

    Snowflake operates as a software development company designed for the cloud, helping people mobilize the world’s data. The founders built the global force from scratch, intending to harness the power of the cloud. Further, engineering the platform that powers and provides access to the Data Cloud.
    With snowflakes, platforms can access, explore, share, and unlock the true value of their data. With their data cloud managing 515 million data workloads each day and giving their customers an excellent ROI (Rate of interest). With over 1300 partners, they leverage its flexibility with integrations and collaboration with their technology partners.
    Snowflake has been recognized for its workplace culture and product innovation.         ‌‌                                                                                                           ‌‌             ‌‌

    Electric

    Founder: Ryan Denehy
    Headquarters: New York, the USA
    Established: 2016
    Industry: IT Services, IT Consulting

    Electric
    Electric

    Electric is setting new standards for IT Solutions by giving real-time support, centralized IT management, cutting down the cost of IT spending and standardized security across devices, apps, and networks reshaping the way businesses manage their IT. The company has a creative and elite team with strong core values. The company is backed by investors such as Slack, GGV Capital, Vintage Investment Partners, Harmonic Growth Partners, and more. Electric AI has made it its mission to revolutionize the IT space by making it accessible, simple, and cost-effective to firms all around the world.

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    ‌SoundHound

    Founder: Keyvan Mohajer
    Headquarters: Santa Clara, California, the USA
    Established: 2005
    Industry: Sound & Audio Recognition

    Sound Hound's Marketing Channels Distribution & Funding
    Sound Hound’s Marketing Channels Distribution & Funding

    Sound Hound creates custom voice assistants for companies working with their strategic partners, fulfilling their belief that every brand should have a voice and making interaction with products around the people more natural. The company has its presence across the globe to create a world with more conversations with its innovative technology. It’s a leading innovator in conversational intelligence that helps people extend their brands. Globally trusted by companies like Hyundai, Mercedes-Benz, Pandora, Deutsche Telekom, Snap, VIZIO, KIA, and Stellaris.

    People.ai

    Founder: Oleg Rogynskyy
    Headquarters: Redwood City, California, the USA
    Established: 2016
    Industry: Software Development

    People.ai
    People.ai

    People.ai combines Artificial Intelligence (AI) and real-world expertise to help their customers generate more revenue. The firm values its clients, end-to-end ownership, having a single person in charge of a project, making decisions based on data using technology, and tackling problems with time and teamwork. Firmly believing that every issue has a solution. Companies including AppDynamics, DataRobot, Ivanti, Okta, and Zoom depend upon software platforms to unlock their full potential. The company is backed by Y Combinator and Silicon Valley’s top investors.

    Otter.ai

    Founders: Sam Liang
    Headquarters: Mountain View, California, the USA
    Established: 2016
    Industry: Transcription Software

    Otter.ai
    Otter.ai

    Otter.ai is designed to make productivity easier with its recording and transcription service. Helping students, businesses, and people create automatic notes for meetings, interviews, work, classes, and more. One can share the meeting summary with their teammates to keep everyone in sync. Making the note-taking process more engaging with AI. You can highlight, add pictures, edit and revisit the transcribed notes by scrolling up. With Otter sharing and collaborating with others, transcribing in real-time with high accuracy is made super easy with the meeting gems panel to capture all your highlights from the meetings.

    Whatnot

    Founders: Grant LaFontaine and Logan Head
    Headquarters: Los Angeles, California, the USA
    Established: 2019
    Industry: Live Market, Information Services (B2C)

    Whatnot's Demographics & Marketing Channels Distribution
    Whatnot’s Demographics & Marketing Channels Distribution

    Whatnot gives you the experience of live shopping. The community marketplace of collectors supports conducting live auctions or hosting a card break. The products sold on the platform are verified to make sure you get what you are looking for. Hand-verification of expensive items to avoid scams and ensure safety. Its catalogue has a range of authentic products like Funko Pops, Pokémon Cards, Sports Cards, FiigPins, Funko Sodas, and many more.

    Daring

    Founder: Ross Mackay
    Headquarters: Los Angeles, California, US
    Established: 2018
    Industry: Food and Beverage

    Daring
    Daring 

    With one mission: to make chicken better for people and the planet, Daring foods are packed high in protein and are 100% plant-based made with non-GMO plants and low calories and have perfect flavour and texture. Their website has over 480 positive reviews that confirm the goodness the company stands for. The company offers breaded, cajun, lemon, and herb plant chicken pieces as well. The startup has caught the attention of the world and urged people to turn to plant-based chicken and has been featured on BuzzFeed, Bloomberg, Thrillist, Fast Company, The Business Wire, and more.

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    Gala‌ Games

    Founders: Eric Schiermeyer, Wright Thurston, Michael McCarthy
    Headquarters: The Interwebs, US
    Established: 2018
    Industry: Computer Gaming

    Gala Games
    Gala Games

    Unlike other blockchain games, Gala Games is a Free to play blockchain game with simple mechanics for all players in a blockchain game. When players win NFT collectables, they are able to trade them with another player or use them within the game. Gives control to gamers with its decentralized Gala Games ecosystem with more than 16,000 player-run nodes. A vibrant community exists on the Discord platform, where players can post their suggestions and give power to those in the Gala Games network based on a player-owned node ecosystem. The most expensive NFT sold on the platform is worth 3 million and has an active monthly user base of about 1.3 million.

    Ellevest

    Founders: Sallie Krawcheck, Charlie Kroll
    Headquarters: New York, the US
    Established: 2018
    Industry: Finance

    Ellevest
    Ellevest 

    With the main aim of “by women, for women” Ellevest startup is a financial company helping women achieve their financial goals in life. The company was set up in 2014, having a team of industry experts with deep passion and extensive working experience for the Wall Street Journal. With almost forty sales force ventures and AME Cloud Ventures being some notable investors, it has raised almost 53 million as of April 2022. Now, their community consists of more than 3 million people. Creating an engaging experience that makes investing and achieving financing goals for women easier, closing the gender gap.

    Goodleap

    Founder: Hayes Barnard
    Headquarters: Roseville, California, the US
    Established: 2003
    Industry: Financial Software, Consumer Finance

    Goodleap
    Goodleap 

    Goodleap is a go-to-go place for sustainable home financing solutions for people looking to upgrade their homes in a simple and fast way. Founded by Hayes Barnard, the startup is making it easy to lead a sustainable lifestyle with a wide range of sustainable products and cutting-edge technology. Specializing in clean energy financing, solar loans, fintech, and mortgage loans. Helping build a valuable bond with their customers as well as their partners.

    Instacart

    Founders:  Apoorva Mehta, Max Mullen, Brandon Leonard
    Headquarters: San Fransico, California, US
    Established: 2012
    Industry: Retail

    Instacart
    Instacart 

    Instacart offers safe contactless and free delivery options on the same day. With a hassle-free way to order essentials and other household items with same-day delivery across the USA. Instacart was founded in the early 2010s by Apoorva Mehta, Max Mullen and Brandon Leonardo later launched in 2012. Introducing a revolutionary model for online grocery shopping, transforming the way people shop. Giving their retail merchants a complete suite of enterprise-grade services and technology to perform all their tasks. Apart from this, the startup is also committed to serving the community by partnering with different non-profits with the aim of giving all people the food they love.

    Devoted Health

    Founders: Ed Park and Todd Park
    Headquarters: Waltham, Massachusetts, US
    Established: 2017
    Industry: Health Care

    Devoted Health
    Devoted Health

    The team of Devoted Health is on hand to get you the seamless care you deserve. The startup has raised more than 2 billion and has 26 investors that include General Catalyst and GIC. Offering Medicare Advantage plans, building better relationships and support. With focusing on quality over quantity and world-class technology. Partnered with trusted doctors, hospitals, pharmacies, and other providers, to make sure that you get the right care at the right time. The core product is providing better healthcare facilities for everyone.

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    Conclusion

    2021 proved to be a great year for many startups and with the advancement and growing needs of technology, there is no doubt in the fact that 2022 is going to be an even more flourishing year for the startup industry.

    Thus, the above-mentioned are the fastest-growing startups in the USA that are gaining popularity in various fields like software, media, gaming, food services, and more. These startups are making wonders in their respective fields and are sure to make a huge name for themselves this year.

    FAQs

    Which country has the most startups in the world?

    The USA has the most startups in the world, totalling a massive 71,153. India is second on the list with only 13,125 startups.

    How many Unicorns are there in the USA?

    As of March 31, 2022, there were 607 active unicorns in the USA.

    How many new companies have been added to the unicorn list in the USA this year?

    Since the start of 2022, 75 companies have debuted on the unicorn list in the USA.

  • List of Top Startups in Bangladesh

    The number of startups is increasing with the advancement of technology and the availability of easily accessible resources. Bangladesh is no different. Bangladesh is witnessing an increase in the number of startups, which are thriving. Some may fail, but those who learn from others or from their own failures, are the ones running a successful company.

    Bangladesh is still a developing country, but it has come a long way since 1971. Its GDP has expanded significantly, and startups have played a vital role in this as well as in the overall development of the country. In Bangladesh, there are many different types of startups that contribute to the development of the country by providing jobs and training to those who aspire to work.

    The following is a list of some of Bangladesh’s most well-known and successful startups.

    1. ChalDal
    2. Praava Health
    3. SureCash
    4. Shopup
    5. PriyoShop
    6. Maya
    7. Shikho
    8. Shuttle
    9. Pathao
    10. Sindabad.com

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    Bangladesh Startup Ecosystem

    ChalDal

    Founded: 2013

    Founders: Waseem Alim, Zia Ashraf, and Tejas Viswanath

    Valuation: $40 million

    ChalDal - Top bangladesh startups
    ChalDal – Top Bangladesh startups

    ChalDal is an online grocery shopping platform that provides all kinds of household items and essentials. Customers can buy groceries through the website or the mobile application, which is available for both Android and iOS. The buyers can also set a time for delivery when they want the item to be delivered. The company was founded by Waseem Alim, Zia Ashraf, and Tejas Viswanath. The company was awarded as the best e-commerce company of the year in 2020 by Digital World 2020, for providing essentials during the tense times of COVID.

    Praava Health

    Founded: 2017

    Founder: Sylvana Quader Sinha

    Valuation: $10.6 million

    Praava Health - Top bangladesh startups
    Praava Health – Top Bangladesh startups

    Praava provides easy and affordable healthcare for the families of Bangladesh. The patient can access the service through the mobile application and can make appointments. The patient can also check their healthcare history through the app. The company claims to have a proper 15-minute time slot for each and every appointment so that all the queries of patients can be heard and solved. The company also has 7 laboratories that can perform 250+ unique tests and have a low rate of error. Praava Health has also built the country’s first PCR lab for molecular cancer diagnostics.

    SureCash

    Founded: 2010

    Founder: Shahadat Khan

    Valuation: $7 million

    SureCash - Top Bangladesh Startups
    SureCash – Top Bangladesh Startups

    SureCash is a payment system that allows its users to make payments through their mobile application. It is one of the fastest-growing Fintech companies in Bangladesh. SureCash is currently accessible through six scheduled banks Rupali Bank Limited, First Security Islami Bank Limited, Bangladesh Commerce Bank Limited, Jamuna Bank Limited, National Credit & Commerce Bank Limited and National Bank Limited and more than 650 payment partners. The company was founded in 2010 by Shahadat Khan.

    Shopup

    Founded: 2017

    Founder: Afeef Zaman and Khobai Chowdhury

    ShopUp – Top Bangladesh Startups

    ShopUp is B2B commerce platform for small businesses available both online and offline. They provide easy access to B2B sourcing, logistics, digital credit and business management solutions. ShopUp Store is a free platform that allows its users an easy start to their online business. The Famous products of Shopup are Mokam, Redx and Baki. Mokam is a B2B commerce platform that serves small neighbourhood shops, providing access to a wide range of products. Whereas Redx is a logistic service and Baki is a digital financing product.

    PriyoShop

    Founded: 2013

    Founder: Asikul Alam Khan

    Valuation: $30 million

    PriyoShop - Top Bangladesh Startups
    PriyoShop – Top Bangladesh Startups

    PriyoShop is an e-commerce platform that sells a wide range of products, including electronics, clothing, footwear, jewellery, healthcare, beauty products, and more. It is a B2B marketplace app that connects retailers directly to suppliers and big brands to fix the fragmented supply chain by technology. Asikul Alam Khan launched the company in 2013. The company had only three people at that time, but as time went on, they established a name for themselves. Customers can purchase the items via the website or its mobile app.

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    Maya

    Founded: 2011

    Founder: Ivy Russell

    Valuation: $3.7 million

    Maya - Top Bangladesh Startups
    Maya – Top Bangladesh Startups

    Maya is an online service that helps people with mental and physical health issues. The company has a team of 300+ licensed healthcare experts and roughly 10 million unique users. The software employs artificial intelligence (AI), machine learning and natural language processing to provide users with digital assistance. The system then directs the users to the right specialists based on their responses to the questions. The company started in Bangladesh and is now attempting to expand into India, Sri Lanka, Pakistan, and Middle Eastern countries.

    Shikho

    Founded: 2019

    Founder: Shahir Chowdhury and  Zeeshan Zakaria

    Shikho – Top Bangladesh Startups

    Shikho is an ed-tech company which is purely focusing on the digitisation of the education system in Bangladesh. It delivers personalized learning, feedback, and assessment for students and to keep students engaged, it uses gamification techniques, like points, leaderboards and virtual awards. It offers online coaching and educational content for students from classes 6 to 12 and also trains students for examinations such as  JSC, SSC, and HSC.

    Shuttle

    Founded: 2018

    Founders: Jawwad Jahangir and Reyasat Chowdhury

    Valuation: $7.5 million

    Shuttle - Top Bangladesh Startups
    Shuttle – Top Bangladesh Startups

    Shuttle is a mass-transit service that provides safe and affordable rides. It offers rides at an affordable price by moving more people with fewer vehicles and caters to both B2B and B2C customers. The company was founded in 2018 by Jawwad Jahangir and Reyasat Chowdhury. The attractions are travel prices as the company uses minivans with proper air conditioning, and can transport 10-11 people, allowing them to travel at a very affordable cost.

    Pathao

    Founded: 2015

    Founder: Fahim Saleh, Hussain Elius, and Shifat Adnan

    Pathao- Top Bangladesh Startups

    Pathao is an on-demand digital platform company headquartered in Dhaka, Bangladesh. It started as a delivery service back in 2015 with its fleet of motorcycles and bicycles. The company operates in four cities in Bangladesh since 2015 and two cities in Nepal since 2020. Pathao has ride-sharing services, food delivery, courier and E-commerce services. It became the first major ride-sharing service-providing company in Bangladesh to get enlistment certificates from the authorities in Bangladesh.

    Sindabad.com

    Founded: 2016

    Founders: Asif Zahir and Zeeshan Huq

    Valuation: $8.3 million

    Sindabad.com - Top Bangladesh Startups
    Sindabad.com – Top Bangladesh Startups

    Sindabad.com is one of the leading e-Commerce platforms that offer a framework for manufacturing and consumer purchases for organisations such as corporate offices, homes or factories with direct delivery service. It offers a large variety of quality products at a cost-efficient price. Based in Dhaka, the company was founded in 2016 by Asif Zahir and Zeeshan Huq. Major financial firms, raw material companies, pharmacies, and regional corporations are among its customers.

    Conclusion

    Bangladesh is a developing nation and has come a long way and is all set for growth and prosperity. The growing startups in the country are one of the main reasons for its development. Companies are learning and adapting according to the citizens’ demands. Various startups are growing to cater for the very demand of the country and its citizens. There are over 1200+ startups which generate over 1.5 milliom+ employments and help to provide skills and services to individuals. This helps in the overall development and growth of the country.

    FAQs

    What kind of business is profitable in Bangladesh?

    E-commerce is one of the fastest-growing businesses in Bangladesh.

    What is famous in Bangladesh to buy?

    Bangladesh is famous for a wide variety of handicrafts, jewellery, coconut masks, and more.

    Which country invests most in Bangladesh startups?

    The United States of America invests most in Bangladesh startups.

    Which is the best place to invest in Bangladesh?

    There are many investment opportunities in Bangladesh. Some of the best places to invest in are:

    • Startups
    • Banks
    • Insurance
    • Stock market
    • Mutual Funds

    Which are the most successful startups in Bangladesh?

    Some of the best Startups in Bangladesh are:

    • ChalDal
    • Praava Health
    • SureCash
    • PriyoShop
    • Maya
    • Shuttle
    • Sindabad.com
    • Shopup
    • Shikho
    • Pathao

  • Welltech Success Story: Health & Fitness Mobile Applications

    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 WellTech.

    Who doesn’t like to stay fit? Moreover, in the past few years, the significance of health and fitness has increased to a great extent. You would find every other person talking about fitness and following a number of health apps on their smartphones.

    Every person is conscious of reducing those extra kilos to look better and stay in shape. It can be seen that fitness and health have become a hot topic of discussion but, just like starting anything new, you need to have a certain goal or a plan beforehand. Similarly, to embark on the journey to fitness and health you need to know the appropriate measures to start a healthy life.

    Every other day, you find there’s an app related to health and fitness, in which you can get a customized plan designed to cater to your health needs. WellTech is one such IT startup company that develops mobile applications related to health and fitness.

    Here’s the success story of WellTech, where you can learn everything about WellTech, its story, and team, products and services, competitors, and more.

    WellTech – Company Highlights

    Startup Name WellTech
    Location Limassol, Cyprus
    Sector IT Services and IT Consulting
    Type Private
    Website [welltech.com]

    WellTech – About
    WellTech – Industry
    WellTech – Mission and Vision
    WellTech – Name, Logo, and Tagline
    WellTech – Business Model
    WellTech – Revenue Model
    WellTech – Team
    WellTech – Online and Social Media Presence
    WellTech – Competitors

    WellTech – About

    WellTech is a private corporation, which focuses on information technology and services. The company mostly creates mobile applications for the health and fitness sector.

    WellTech presently has over 200 million downloads worldwide. There are more than 400 people on the team who are dedicated to creating products to make millions of people feel better.

    The company is dedicated to enhancing the health of numerous people worldwide. WellTech’s philosophy and ideals make it very evident that they aim for excellence in everything they do.

    It is a data-driven company.

    WellTech – Industry

    It can be assured that the IT industry is one of the leading industries in the world. It is estimated that the projected spending for the worldwide information technology (IT) sector in 2022 is 5.3 trillion dollars.

    In the market for IT services, the average Spend per Employee is anticipated to reach US$322.30 in 2022.

    WellTech – Mission and Vision

    WellTech’s mission is, “Improving the Health of Millions of People around the World”

    WellTech – Name, Logo, and Tagline

    WellTech logo is like a half circle full black in colour.

    Welltech Logo
    WellTech Logo

    WellTech – Business Model

    WellTech has created health & fitness applications like Omo, FitCoach, WalkFit, Yoga Go, and Muscle Booster.

    Let’s a take detailed look into the following five applications:

    Omo

    Omo is the all-in-one weight loss application. It is a calorie-counting software that makes it simpler than ever to register your meals, keep track of your activities, and view your progress. It is not only about losing weight but the app gives a lot more than this.

    It is more than just a food journal; it also provides its users with nutrition advice so they may eat well. Users can learn how to choose healthier foods and steer clear of junk food with the help of these suggestions, making it simpler to withstand cravings and establish lasting healthy habits.

    Omo also helps users with intermittent fasting and gives a personalised workout plan.

    How to use the app?

    Users can need to go to the App Store or Google Play Store (depending on your device) and download the Omo App to get started. After it is downloaded, create an account to get started, by responding to a few straightforward questions in order for the app to develop a plan that is unique to you and your requirements.

    Users’ weight loss plans will be computed when they have completed the questionnaire. Once done, Omo develops a highly customised weight loss plan rather than a generic one, making sure that its users won’t have any trouble adhering to it.

    Yoga Go

    Yoga Go by WellTech lets customise yoga and pilates routines to improve customers’ physical health, emotional stability, and overall well-being.

    The app already has 23 million plus downloads and is available in 11 languages. Yoga-Go offers quick, at-home yoga and pilates routines that customers can use at any time they want. Yoga-Go workouts only last 7 to 30 minutes, and each session might result in a 200-calorie calorie burn.

    With this app, users can enjoy a variety of yoga exercises:

    • Pilates
    • Face Yoga
    • Breathing Practices
    • Stretching
    • Yoga at the Office
    • Morning Yoga Practices
    • High-Intensity Yoga
    • Relaxing Yoga Practices

    FitCoach

    FitCoach has over 29 million downloads and is available in 13 languages. WellTech’s FitCoach is the perfect fitness app for those who are concerned about their health, want to get fit, and lose weight, but lack the time to go to the gym. The best part about this app is it offers a fully customised plan for its users.

    FitCoach app offers the following variety of workouts:

    • Strength
    • Stretching
    • 7 Minutes workouts
    • Yoga
    • Walking
    • Pilates helps
    • Cardio
    • Libido Boost
    • Recovery workouts
    • Morning
    • Fitness Mix

    Muscle Booster

    With over 60 million downloads, Muscle Booster by WellTech aims at offering daily plans for the overall body workout.

    The app has a weekly calendar that is located at the top. Users have to select a day in the calendar, which will display options for both the main workout and extra workouts.

    The main workout (if there is one that day) should be completed at the very least, but putting in the extra session will yield faster results. The exercise plan pages in the app list the exercises that will be done during the workout and how long it will take to complete the entire session.

    Here are some of the features of the Muscle Booster App:

    • An Extensive and Varied Training Library
    • Workout Overviews
    • A Personalized Training Plan
    • Workout Player, this includes – audio prompts, 3Dmodel highlighting muscles, music synchronization
    • Apple Watch Synchronization – to synchronise with Apple Watch to track workouts
    • A Personalized Meal Plan

    WalkFit

    WalkFit is available in 9 languages for both Android and iOS users and has over 16 million downloads from all over the world. This app offers individualized walking plans and in-the-moment advice to help people get healthier and more fit. The app can be downloaded for free but requires a reasonable fee to access other features.

    WalkFit app helps the users in the following ways:

    • Countdown of total time and active time.
    • Pedometer with alerts to let users know when milestones are reached in terms of steps.
    • How many calories are burned?
    • The app measures the distance travelled, as well as the pace and speed of users.
    • WalkFit makes it possible for users to be phone-free by syncing the app’s data to their Fitbit.
    • The app gives a selection of fitness tasks
    • There are statistical charts that reflect users’ progress and trends using the exercise data they have already completed.

    Other than creating mobile applications, WellTech is also engaged in offering courses for those who want to start their career in IT.

    WellTech Academy

    WellTech Academy is an educational platform that is designed to offer coachings for those professionals who are interested in joining the IT industry. The company has a total of three years of experience in implementing educational projects.

    WellTech Academy has a total of 29 projects to start IT careers, 270+ alumni of educational projects, and 56 graduates from the academy. Once the candidate finishes the course, they even get the chance to join a product IT company and have the opportunity to develop Fitness & Health Apps.

    They offer programs like;

    • Digital Marketing Camp (online)
    • Creative Marketing Camp (online)
    • Product Camp (online)
    • QA Bootcamp (online)

    The main goal of WellTech Academy is, “To impact product IT development by improving the knowledge and expertise of entry-level specialists.”

    WellTech – Revenue Model

    WellTech generates its revenue through the above-mentioned applications.

    WellTech – Team

    There are 400+ people on the company’s team.

    WellTech – Online and Social Media Presence

    On Facebook WellTech has 976 followers, the LinkedIn page has 5,276 followers, and Instagram has 1,382 followers.

    WellTech – Competitors

    Some of the top competitors of WellTech are:

    • Sworkit
    • C25K
    • Headspace
    • Fooducate
    • Pear
    • MyFitnessPal
    • Nourishly
    • Happify
    • Strong Workout Tracker Gym Log
    • Strava Running and Cycling

    FAQs

    What does WellTech do?

    WellTech is a health and fitness mobile app developer that has built apps like Omo, FitCoach, WalkFit, Yoga Go, and Muscle Booster.