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 Innovaccer.
We have been seeing technology and digitisation take a place in almost all industries, be it education, manufacturing, or corporate, and now the healthcare sector is not behind. It can be safe to say that the world has been seeing outstanding health IT transformation.
We see almost every hospital and private clinic today has taken over digital transformation over traditional methods. They are truly putting in a lot of effort to change the way they deliver healthcare through new and innovative techniques.
Innovaccer is one of the leading digital healthcare IT platforms that offer effective healthcare solutions to improve clinical outcomes and patient satisfaction.
In this article, let’s look at Innovaccer’s startup story, what they are about, founders and team, business structure and revenue model, challenges faced, competitors, and more.
Launched in 2014, Innovaccer is a cloud-based platform to improve the overall healthcare systems. Their platform provides physician practices, hospitals, health systems, and other healthcare providers with various innovative digital products. Innovaccer helps to collect, analyse, and provide insights on patient health.
It is an AI-powered patient and physician engagement and features many customisable tools that help in delivering desired outcomes. It has options such as care management, referral management, and patient engagement.
Innovaccer – Industry
Innovaccer belongs to the digital healthcare IT service provider. This industry is growing exponentially over the past years. As per reports, the digital health sector has exceeded $141.8 billion in 2020 and is anticipated to grow by over 17.4% by the end of 2027.
Innovaccer – Founders and Team
Sandeep Gupta, Abhinav Shashank, and Kanav Hasija – Founders of Innovaccer
Sandeep Gupta
Sandeep Gupta is the co-founder and Chief Operating Officer of Innovaccer. Before starting his entrepreneurial journey, Sandeep started his career as a Software Engineer at TCS, then he worked at Microsoft and Ingersoll Rand. He graduated from the Indian Institute of Management, Ahmedabad.
Abhinav Shashank
An alumnus of IIT, Kharagpur, Abhinav Shashank is one of the founding members and CEO of Innovaccer. Other than this, Abhinav is a talented and renowned author and has published over 300 articles for various international media outlets. He has been featured in Forbes 30 under 30 Asia 2017: Enterprise Tech and also in “Top 60 Rising leaders in U.S healthcare under 40′ in 2019.
Kanav Hasija
He serves as the CCO and is the co-founder of Innovaccer. He is an IIT, Kharagpur graduate in B.Tech and a Patent Law degree from the University of New Hampshire, School of Law, formerly Franklin Pierce Law Center.
He has worked as an intern at General Electric and was a Principal Consultant at Kharagpur Consulting Group (KCG). Kanav has a rich experience in the field of Big Data, medical analytics, and research. He is a recipient of the Honorable mention for excellence in technology’ from the Indian Institute of Technology.
Innovaccer – Name, Tagline and Logo
Innovaccer goes by the tagline, “Accelerate Your Digital Transformation with the Innovaccer Health Cloud”.
Their work rightly shows there in the tagline as they are helping many healthcare companies with various digital solutions.
Innovaccer – Startup Story
Founded by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta, Innovaccer serves to be one of the most effective digital healthcare sectors today.
Abhinav came up with the idea of Innovaccer while working on a project at Harvard. Along with his partners, they want to create a bridge and fill the gap between digital health and health care.
By working a lot day and night, they wanted to come up with an ecosystem for companies to help them build applications through their platform.
The company started receiving praises from investors and last year Innovaccer announced its $150 million Series-E round at a $3.2 billion valuation.
Innovaccer – Mission and Vision
The company’s mission is to accelerate the growth of healthcare in a digital world by pulling off innovative and technique methods.
Innovaccer’s mission reads, “Connect and Curate the World’s Healthcare Data and Make It Accessible and Useful.”
Innovaccer – Funding and Investors
Date
Funding Round
Funding Amount
Investors
14 May 2015
Seed
$2.5M
Start Smart Labs, 500 Startups, Rajan Anandan
11 Aug 2016
Series A
$15.6M
WestBridge Capital
10 May 2018
Series B
$25M
Lightspeed Ventures Partners, WestBridge Capital
20 Jan 2019
Series B
$10M
M12
14 Feb 2020
Series C
$70M
Steadview Capital, WestBridge Capital, M12
24 Feb 2021
Series D
$105M
Tiger Global Management, Steadview Capital, Dragoneer Investment Group
15 Dec 2021
Series E
$150M
Mubadala Capital, B Capital Group, M12
Innovaccer – Business Model
The company mainly operates its customers by creating a patient-centric platform. It offers digital products in the areas of population health management and Pay-for-performance.
Their business is majority about the cloud platform – Innovaccer Health Cloud that provides a robust solution to solve the problems and challenges faced by hospitals, pharmaceutical companies, and insurance companies to help them store data and bring in higher efficiencies for them.
The health cloud platform key functionality is:
Data Activation platform
Application Suite
Innovation Toolkit
Accelerators
Key customers of Innovaccer
UpStream
Chess Health
Banner Health
MercyOne
Hartford Healthcare
CHI health partners
Innovaccer – Revenue Model
The company raised almost a value of $150 million in its last funding round. The company believes that this is the era of digital healthcare and more importantly after the pandemic.
The company earns its revenue through the health cloud platform by helping other sectors with cost savings. Their platform has about 39 million patients and 96,000+ providers across 1,600+ locations.
Innovaccer is India’s first healthcare unicorn. They believe that the company has been providing innovative solutions and is confident about its future
Innovaccer – Challenges Faced
Although the company is succeeding and growing at a rapid rate, the risks associated with data are a crucial factor. It is up to Innovaccer to properly leverage the digital framework and keep storing the data with constant monitoring and making necessary and regulatory changes as and when needed to their risk analytics.
The company is always under pressure to maintain compliance to ensure data accuracy.
Innovaccer – Competitors
Digital healthcare is undoubtedly expanding, with many companies in the market offering their IT services in healthcare and promoting their brands.
Some of the biggest competitors of Innovaccer are:
Accolade
Castlight
Artemis Health
Carrum Health
Zoom for healthcare
Doxy
Nexthealth Technologies
Reveleer
VSee
Innovaccer – Awards and Achievements
Some awards won by Innovaccer are:
Best in KLAS Data & Analytics Platforms – 2022
Black Book – 2022
Certified NCQA HEDIS MEASURES – MY2020 Health Plan and Allowable Adjustments Measures
AHIP Affiliate Organisation Member 2021
Innovaccer – Future Plans
The company plans to keep delivering the best and most high-quality digital products in order to improve the healthcare sector in the world.
Sandeep Gupta says, “We want to be the ubiquitous platform that is powering all those innovators across the healthcare ecosystem, and at the center of it is the patient who is getting better care and better-coordinated care because of everything that we are able to do around them”
FAQs
Who is the founder of Innovaccer?
Sandeep Gupta, Abhinav Shashank, and Kanav Hasija are the founders of Innovacer.
Is Innovaccer an Indian company?
No, Innovacer is a Silicon Valley-based digital healthcare company.
What is the revenue of Innovacer?
Innovacer generated revenue of $100 million in ARR as of 2021.
Packaging in today’s world has emerged as an integral part of brand promotion. Aluminum is a metallic element that is available throughout the globe. Aluminum was used to make vessels, tins, tubes, etc. but it is also used for foil sheets and containers for packaging food and other articles.
The aluminum foil manufacturing business seeing a steady GDP growth in recent years. Aluminum foils are produced by continuously casting and cold rolling aluminum sheets. They are prepared in thin metal leave. Aluminum foil sheets are rapidly used in the manufacturing of various kinds of containers as per packaging requirements.
Consumers can heat or freeze food items in the foil container directly. The global aluminum foil market size is valued at 24.54 US Billion dollars for the year 2021. The global aluminum foil packaging market is estimated to grow at a CAGR of 5.5% from 2022-2030.
Consumption of aluminum foil is growing fast in India. Consumers can directly heat or freeze food products in the foil container. To overcome the demand for aluminum foil in India, there is an introduction of a new aluminum manufacturing plant in Jaitapur, Indore. To make it successful, USD 5.6 billion has been approved by the board of SRF.
Bright, reflective gloss makes for an attractive appearance
Stability
When exposed to air, aluminium forms an oxide layer that prevents further oxidation. It is also inert and does not form toxic compounds when exposed to most chemicals, including most foods and cosmetics
Barrier Properties
Heavier gauges form a complete barrier to gases and water. Aluminium reflects light, making it a suitable material to protect light-sensitive products
Hygienic Properties
Aluminium’s smooth metallic surface is non-absorbent. It can be easily cleaned and sterilised
Formability
Aluminium’s ductility makes it easy to form. It has excellent deadfold properties. Its friability (ability to crumple) makes it useful for blister packaging
Conductivity
Aluminium conducts electricity and heat, making it useful for applications such as induction heat sealing of containers
Recyclability
Aluminium can be recycled at relatively low cost (recycling requires about 5% of the energy required to refine aluminium)
There is more than one advantage of using aluminum foil containers as alternatives to other materials. Because of this only the need for aluminum foil is increasing day by day. Given below are some of the most common advantages of using an aluminum foil container.
Recycling and Recovery
The use of aluminum can be proved as an environmentally safe solution for plastic. As aluminum is easily recycled and has no higher toxic danger to the environment. Overall aluminum foil can be counted as an eco-friendly material.
Formability and Strength
Aluminum has a good strength under its characteristics. Aluminum foil is nothing else but aluminum only. Hence they also carry good strength and formability under their characteristics.
Heat performance of the product
An aluminum foil container can successfully preserve the temperature of the product to a great extent. They are quite common to use for keeping food items hot.
Decorative characteristics
Aluminum foil can also be used as a decorative alternative due to them being easily molded in the shape as per the need.
Safety and product security
Aluminum has higher strength than a few other materials. Hence, the strength provided by aluminum foil is better than others. It also provides good security to the product and saves them from any additional damages.
Chemically neutral and non-toxic
Aluminum foil is void of any toxic chemicals in it that can be found naturally within it or can be introduced while the manufacturing process. However, aluminum foil is so safe that it can be used as a covering material for food products due to its nontoxic nature.
Light in weight making it easy and economical to transport
Aluminum foil is a light weighted product. And hence easy to carry and transport from one place to another. This characteristic of aluminum foil helps most in its use for day-to-day life and makes transporting easier of the foil.
Can be printed, coated or embossed
aluminum foil can be printed, coated, or embossed as per the requirement. All these procedures can be successfully applied to aluminum foil without any issue.
The Above Graph Shows the Market for Aluminum Packaging in Percentage
Requirements
Aluminum foil is used in many day-to-day activities. It also has a definite plan for the manufacturing of aluminum foil. The requirements for an aluminum foil manufacturing company can be divided into two parts.
The first part will include the machinery requirements whereas the next part will include the raw materials.
The basic machinery requirements are Aluminum foil container machine – Single cavity, Decoiler (Max foil width: 450mm. Nsk bearing), Control cabinet, Press for a single cavity, Air compressor, Counter & Stacker, Mold lifter, Scrap collector, Collecting table, Mould/dies.
The raw material requirements can vary on many factors. The basic requirements are Aluminum alloy, Lubricants, Packaging materials, etc.
Production of Aluminum Foil
Aluminum foil is typically less than 150 mm in thickness. A typical water vapor transmission rate (WVTR) for 9 mm foil is 0.3 g/m2 per 24 hours at 38°C and 90% RH. As thickness is reduced, foil becomes more vulnerable to tearing or pinholing.
The most economical means of manufacturing reroll stock. The system continuously feeds, casts, chills, and coils the reroll stock. After the foil stock has been manufactured, it must be further processed on a rolling mill. The work rolls have finely ground and polished surfaces to ensure a flat, even foil with a bright finish.
Aluminum reroll foil stock
Each time the foil stock passes through the rolling mill, it is squeezed, its thickness is reduced and its length increases, but its width remains the same. This means the required width for the final foil product must be set at the beginning of the process. The addition of lubricants to the aluminum surfaces also maintains the workability of the material.
Rolling produces two natural finishes on foil: bright and matte. The foil surfaces in contact with the work rolls are polished to a bright and shiny finish. If thinner foils are rolled together, the foil-to-foil face of each web develops a satin-like matte finish.
Other finishes can be produced with special patterns on the work rolls or, more commonly, by using separate or in-line mechanical finishing machines. See the below table
Type of finish
Description
Bright both sides
Uniform bright specular finish, both sides
Extra-bright both sides
Uniform extra-bright specular finish, both sides
Matte one side
Diffuse reflecting finish, one side
Matte both sides
Diffuse reflecting finish, both sides
Embossed
Pattern impressed by engraved roll or plate
Annealed
Completely softened by thermal treatment
Chemically cleaned
Chemically washed to remove lubricants
Hard
Foil fully work-hardened by rolling
Intermediate temper
Foil temper between annealed and hard
In most packaging applications, aluminum foil is combined with other materials such as coatings, inks, papers, paperboards, and plastic films. A very useful characteristic of aluminum foil is that it can readily accept many different types of coating materials such as inks (for printing), varnishes and lacquers (for embossing), adhesives, and polymers (for heat sealing, etc.).
Coatings generally can be classified as protective or decorative. Protective functions for coatings include:
Making the foil more heat-resistant
Increasing tensile strength
Increasing resistance to potentially corrosive agents
Enhancing the barrier properties of low gauge foil
Increasing resistance to scratching or scuffing
Increasing the UV resistance of a printed foil
Printing and Embossing
If the foil is to be printed, it is important to be aware that its glossy surface may make small print difficult to read. The reverse type is best avoided unless it is large. It is sometimes necessary to print a matt white background on which black type will be more visible. It is given a primer or washes coat to ensure a clean surface and to provide a foundation for the ink.
Aluminum foil is particularly suited to embossing. This gives both a three-dimensional quality to a design and increases the number of reflective surfaces able to reflect light to create a more eye-catching effect. It also increases stiffness and allows cut pieces of foil to be easily separated.
aluminum foil embossing | aluminum foil printing
Using Aluminum Foil as a Laminate
Lamination involves combining sheets of different materials into a single layer, using a mixture of adhesives, pressure, and sometimes temperature to bond the materials together. Aluminum foil is laminated on web-fed rotary equipment which sometimes includes a coating unit to add further protection.
Four methods are used to laminate aluminum foil named Wet bonding, dry bonding, extrusion bonding, and hot-melt bonding.
Aluminum is the only metal used for vacuum metalizing in packaging applications. Initially used for decoration, is now widely used in flexible packaging. It improves the points like gas and moisture, creates better barrier properties, it allows good heat and light resistance with better electrical conductivity.
Metalized films are often a component in a laminate. Batch processing is the most widely used approach to metalizing. Typical examples of laminates using metalized films are shared below.
Product
Type of laminate
Coffee
12 mm metallised BON/50 mm LDPE
Savoury snacks
18 mm OPP/adhesive/18 mm metallised OPP
Condiments/spices
12 mm metallised PET/38 mm MDPE
Bag-in-box wine
50 mm ionomer/12 mm metallised PET/75 mm EVA
Biscuits
OPP/18 mm metallised OPP
Medical products
paper/adhesive/18 mm metallised OPP/ionomer
Cold meats
metallised PET/PE
Conclusion
The popularity of aluminum foil, especially for flexible packaging, will continue to grow. Even aluminum foil is being scrutinized in regard to its environmental ‘friendliness.’ Hence, manufacturers are increasing their efforts in the recycling area.
Aluminum foil also uses less energy during both manufacturing and distribution. The global demand for aluminum foil is forecast to report strong growth driven by consumption in major emerging markets. More growth opportunities will turn up between 2019 and 2025 as compared to the past five years.
FAQs
What is the raw material for aluminum foil?
Aluminum foil is made up of aluminum alloy. The alloy used for making the foil has 92-99 percent aluminum.
Who invented aluminum foil?
Aluminum foil was introduced in the year 1825 by Hans Christian Oersted.
What is the difference between aluminum foil and tin foil?
The differences between the two can be listed under many categories. However, the main difference between both of them is that aluminum foil is made up of aluminum whereas tin foil is made from tin.
Does aluminum foil expire?
Aluminum foil is made from aluminum alloy and hence no possible expiration date to it.
The advancement of technology has made handling business activities much easier than ever. Using advanced computer software, one can perform all kinds of operations and provide customers with the best possible experience.
SaaS startups are the companies that offer computer software as a service to other companies in the industry. These companies offer their clients web-based tools or applications that they may use to manage their company more automatically or to improve the efficiency of their own systems.
These companies are known to offer solutions that allow other companies to take advantage of the latest technology and software without worrying about installation or new updates. There are numerous SaaS businesses providing various kinds of software services.
In this article, you will get insights into the major challenges faced by SaaS startups and how to respond to these challenges and make your business run smoothly.
The growing need for software for the smooth functioning of business activities has provided a great opportunity for aspiring entrepreneurs towards this business idea. But before starting a company, you must be aware of the challenges and hardships faced by SaaS startups. The following are the major challenges faced by SaaS startups:
Biggest Challenges Managing Software as a Service Applications Worldwide 2021
Lack of Knowledge and Experience
As an entrepreneur, it is essential to gather substantial knowledge and expertise before starting any business. This will allow you to tackle any challenge or hardship that you will come across in the beginning phase of your business.
If you are thinking of starting a SaaS startup then ensure that you have proper business knowledge and experience in that field. Many software service companies have shut down due to a lack of knowledge and expertise in handling problems.
Do your research properly and learn everything about the business model and how SaaS companies work. The best way is to work for companies that provide software as a service until you gain enough experience and knowledge.
Not Understanding Market Penetration
Many young entrepreneurs don’t have enough understanding of market penetration. This can be a major challenge for startups as they must find a means to reach more customers with their services. Selling software can be more challenging as they become outdated when technology advances.
Competing with the top companies who have an established brand and reputation in the market will be extremely difficult and will bring a lot of challenges. You must have the skills and offer better service to influence clients into using your software services.
Your products must be innovative and updated, and your services must address the problems faced by the clients. This will improve your brand reputation and make it easier to reach more customers. With the right marketing and promotional strategies, you can easily grow your business.
Lack of Network Access
Many startups face difficulty establishing a network in the market. It is extremely crucial for entrepreneurs to build connections with new clients and network access in the industry. This will take time but eventually, you will build a brand image once you have a large network of clients.
Lack of network access can impact your overall sales and growth of the business. Almost every company is running their business activities using the software. It will not be difficult to influence clients into using your product. You must go prepared with solutions that can solve their existing problems and make business operations easier for them.
Lack of Funding or External Capital
Lack of funding is a common challenge for several SaaS startups. An entrepreneur must always look for ways to get funds and external capital for the growth and expansion of their business. Lack of funds and capital can lead to the shutdown of your SaaS startup. You must always look for investors who are willing to invest by purchasing shares in your company
SaaS startups require money to develop software and hire developers who can provide required services. They also need funds to expand and scale their operations, and initial investment to get started. A business can’t grow or hire employees if it doesn’t have sufficient money or credit to do so.
Technical challenges are the major challenges that most SaaS startups have to face especially when there is not enough technical expertise. SaaS startups must create software or applications keeping in mind the problems faced by their target audience.
An entrepreneur must ensure that his product can provide solutions to the problems prevailing in the market. This will help them to target more audiences, grow fast and build a brand name in the market. A SaaS startup must be prepared with software that features all the needs and capabilities of the clients. Also, it must provide complete security and be dependable enough to prevent any issues in the future.
Impact of Covid-19 on Software as a Service Spending Worldwide in 2020
A Wrong Business Model
Choosing an appropriate business model is essential for every SaaS startup to succeed. Often young entrepreneurs make this common mistake of selecting a business model that might not be feasible for their business.
Running a SaaS startup can be difficult as you are dealing with a product which is subject to change anytime, and you must keep up with the pace and come up with solutions that can address all problems of your customers and help them to run the business efficiently.
An appropriate business model suitable for a SaaS startup allows to identify the client base and help address all their problems with a single solution. It will help a startup to create, deliver and capture the value and form innovative strategies to tackle different problems.
Weak Management Team
A weak management team can be a major problem for SaaS startups. The management team is the backbone of any business, if they are not able to handle the daily operations of the business then it’s not possible for any company to succeed. So, in a SaaS startup, it is important to ensure that the management team consists of people with the knowledge and expertise to handle the daily affairs of the business.
Selling software as a service is not an easy task. An efficient management team can provide the right direction to the business by forming innovative strategies for the growth and success of the startup. This will prevent poor management practices and operational inefficiency within the company and avoid bad decision-making and poor execution of strategies.
Lack of the Latest Technology
It is extremely important for SaaS startups to adopt the latest technology in their business so they can compete with their competitors who are well established in the market. Adopting the latest technology is often a major challenge for SaaS startups if they are unable to provide timely updates.
Selling software as a service is entirely based on technology. They must make use of the latest technology to make their product better so that can address more problems of their clients. Using technology to ensure that your product provides better features and services is a part of the investment process that will reap high returns and will also help to compete with other competitors.
Selecting Inappropriate Marketing Strategies
Selecting the appropriate marketing strategies is extremely important for all SaaS startups. Marketing and sales strategies can be different based on several factors. Many entrepreneurs fail to execute appropriate marketing strategies which can lead to the failure of their business.
For SaaS companies, marketing and sales strategies must focus on their products and services. Highlighting the features of their software will help them to attract more clients and customers. Even if the startup has the best product to sell, it is more important to execute appropriate marketing strategies, so people are aware of the product.
If a SaaS startup is unable to work out effective marketing strategies then it should think of hiring a marketing agency in order to become successful in the industry.
Product pricing can be tricky. A SaaS startup might want to consider a lot of factors before selecting the appropriate price. Many businesses often fail to make their way in the market as they fail to set the right price for their products and services.
For startups, it’s essential to set the price low enough to cover all the costs and keep a low-profit margin. Companies that are offering software as a service must keep their pricing flexible based on the needs and demands of their clients.
It’s important for SaaS startups to have an experienced research team who will do the necessary market research and help determine a budget that one can spend on developing software. Based on this one can select a price of the SaaS product that covers all the fixed and variable expenses and also gives the startup better positioning in the market.
Conclusion
SaaS startups face a number of challenges. These range from the technical and business aspects of launching a new company to maintaining a steady stream of customers, as well as overcoming obstacles that come up during the process of building your product or service.
This article illustrates some major challenges faced by SaaS startups which can lead to failure or shut down of their business. If you are looking forward to starting a SaaS startup then ensure that you are already prepared to face these challenges and have solutions to overcome these obstacles.
FAQs
What are SaaS startups?
SaaS stands for Software as a Service. It is a model in which a company (cloud provider) sells software to users over the internet on the basis of a subscription.
Which is the best SaaS platform?
The best SaaS platforms are:
Google
Microsoft
Salesforce
Zoom
SAP
What are the top challenges facing the SaaS industry?
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Notebook Company.
Internet is steadily revolutionizing the Indian education system. Gone are the days when students used to pass hours in the library searching for that one reference book. Now every topic and every subject is available online. Furthermore, with more and more Edtech companies coming up, both the teaching and learning process has become easier.
Many startups have come up in India with innovative ideas in the Edtech sector. Notebook is one such Edtech Startup based in Kolkata. Notebook company’s vision is to enable access to high-quality education for every child. It strives to establish a benchmark in educational content quality for the Indian school curriculum.
Beyond its commercial presence, Notebook exists to empower positive social change. Its vernacular feature allows children to learn their syllabus in their regional languages. The videos include instructor-led components as well as graphic visualization elements to reinforce storytelling. Hand-drawn illustrations, soothing music, and well-thought-out creative design augment the Storytelling and enhance understanding and retention of topics.
Notebook company is also engaged in dialogue with the Education departments of various countries, to digitize education in these countries. There are on-going discussions with the governments in South Asia and GCC regions, and some other countries where the government is trying to serve different issues in their traditional education system through the distribution of digital content.
Products
The product is a self-learning environment. In its current shape and form, it provides videos and textual content that explain topics from school syllabi. Notebook has started with CBSE and will be adding more boards soon. It is available on the web, Android app, and iOS app.
Through its products Notebook company aims to bring out the curiosity among students and engage them. As in class holding the students’ attention for a long time is a challenge for the teachers, Notebook has attempted to create the audio-visuals in such a way that seems interesting to the students. Currently the course available in Notebook is English for CBSE 8th, 9th and 10th standard. Study Notes and Solved Questions are also included in the course.
The platform also employs Machine Learning to offer personalized learning pathways to the students. The back end will keep learning through usage patterns and use them in the future to recommend content to students based on individual learning needs.
Technology Used
Notebook operates on the Google Cloud and delivers video streams through the same pathway as YouTube. It has implemented best-in-class DRM to protect against piracy.
Notebook – Industry Details
According to a report by Google and KPMG, the online education industry in India will grow from $247Million to $1.96 billion by 2021, There are 260 million school students in India as per U-DISE reports. This provides a massive opportunity to deliver a high-quality product.
According to Cisco, just as with the advent of mobile phone connectivity has seen exponential growth from 3% to almost 100%, likewise, the smartphone will increase the computer penetration from 12-13% to 60-70%. As such, with Smartphone now being affordable and available to everyone, online education is no longer dependent on the computer.
Notebook – Founders and Team
Achin Bhattacharyya, Subhayu Roy and Abhishek Dutta are the co-founders of Notebook.
Achin Bhattacharyya
Achin Bhattacharyya – Co-founder of Notebook
Achin Bhattacharyya worked as a Chartered Accountant prior to the inception of Notebook. He worked with some of the best consultancy firms in India and abroad. His last stint was with Deloitte as a Director, prior to which he worked with KPMG, PwC, GE, and others, both in India and overseas. Achin takes care of overall strategy, content design, and finance at Notebook. Achin Bhattacharyya is the Co-founder and CEO of the company. An avid reader and passionate traveller himself, Achin has a keen interest in Economics, History, and Literature and Philosophy. He is a regular speaker at various forums and also contributes articles to numerous publications. He is also on the board of some of the most renowned corporates and contributes significantly to brand strategies.
Subhayu Roy
Subhayu Roy – Co-founder of Notebook
Subhayu did his Engineering from RVCE, Bangalore, and his MBA from TAPMI, Manipal. He had worked with L&T in Construction, and then with OnMobile in Africa for 4 years setting up a mobile content business. He headed Perform Group (UK)’s South Asia business before leaving and starting up Notebook. He also worked previously with VerSe Innovation, the parent company of Josh and Dailyhunt. Subhayu looks after Marketing of the edtech startup, Technology, and Product at Notebook.
Abhishek Dutta
Abhishek Dutta – Co-founder of Notebook
Abhishek is a qualified Chartered Accountant with 16 years of working experience in the corporate world. He has led large teams (400+) for delivering finance and accounting services to Fortune 500 companies.
The Co-Founders – Subhayu and Abhishek, bring valuable additions in terms of expertise and experience to Notebook.
The leadership at Notebook company believes that universal access to high-quality education is the only sustainable way to achieve social upliftment. To this end, Notebook has been proactively partnering with Government departments and Non-Government Organisations (NGOs) across the globe. Currently, there are 50+ members of the startup team.
Notebook founder
Notebook – Startup Story
It was over the course of a discussion that we realized that an ‘Over The Top (OTT)’ approach in education was possible.
In March 2017, Achin was visiting Subhayu in Delhi. They were having a general discussion on the various social evils present in society and how these evils can be eradicated through education. Subhayu was working in the Sports content space and was witnessing the OTT phenomenon. Soon the idea stuck in their mind that they can make education easily available through the OTT approach.
After this, Subhayu and Achin spent a year traveling across India and abroad – visiting students, teachers, universities, academicians across various places and different strata of the society to identify the pain points.
In March 2018, they started developing content, which they kept sharing with teachers and students at every step for feedback. They gave leaflets to schools, actively courting criticism!
Both Subhayu and I have spent years in the Corporate world. Managing time effectively is second nature to us. We spend time and effort in finding the right people. Once we do, we empower them, trust them and watch as they take the lead on things. – Achin Bhattacharyya, CEO of Notebook
When we started out, we had a few names on the board to choose from. Given that we needed to be attractive to school students, we were thinking of names that were fun, tech-oriented, used intelligent wordplay. – Achin Bhattacharyya, CEO of Notebook
Finally, Achin and Shubhayu came up with the name ‘Notebook’. It was simple, direct and known. Even in logo and colours, the company kept things the same way – simple and direct. The choice of the Golden yellow colour stood for excellence and it is also believed to be Goddess Saraswati’s colour.
Notebook- logo
Notebook – Business and Revenue Model
Notebook is a subscription-based service operating on a Freemium model. It is India’s first after-school digital learning portal. Schools get access to concise and engaging high-quality audio-visual teaching aids for classrooms, and students get individual personalised access to the same content on their personal devices so that they can study at their convenience. Since its commercial launch in September 2019, the Notebook app has been downloaded and used by more than 90,000 students from across India, and several schools have already started implementing Notebook videos in their classrooms.
According to Achin and Suvayu, Notebook’s USP is the content and pricing strategy. The content design has been consciously done in a way that engages the student.
We have devised an augmented storytelling technique that invites the student to imagine along with the video, and this shows great results in understanding and retention. – Achin Bhattacharyya, CEO of Notebook
Notebook is available at a price of Rs 1,999 for all subjects for a month and Rs 9,999 for an annual subscription with unlimited access.
Achin and Suvayu felt the necessity for the product to be made affordable to the average Indian parent, and this is what they have modeled into Notebook’s subscription.
Notebook – Funding
Notebook is currently bootstrapped startup. It has not received any funding yet.
Notebook – Growth
Notebook has served over 2.3 million users as of November 2021. It had over 300,000 users before the lockdown and increased to 2.32 million in 2021.
Notebook – Challenges
The greatest challenge faced was establishing a balance between content and pedagogy. The content had to be comprehensive and yet crisp. The pedagogy had to be engaging without distracting. So there were quite a few balances to strike.
Creating high-quality content ensuring that the students find it engaging and also which is easily memorable was a challenging task. However, Achin and Subhayu actively discussed the issues, expectations, and requirements with the teachers and students across the country. On the basis of the feedback received, Notebook was able to come up with an easily comprehensible and memorable design for the content.
Support from family and friends is the highest asset during challenging times.
Both of us have been fortunate that our family and friends have believed in us right from the get-go. Every person we told about our decision felt that we were doing the right thing. It has been immensely encouraging to have so many people put their faith in us. – – Achin Bhattacharyya, CEO of Notebook
Notebook – Competitors
There are quite a few companies that are registered as Ed-tech with the ROC. However, very few are known and regularly used by students. Byju’s has done an outstanding job in Maths and Science, and in building a self-learning habit. Others like Meritnation and Toppr have been around for a while, and have their own content philosophies. They believe that the true competition is with rated content, pirated videos, and other distractions that students today has access to.
Notebook is growing under the active mentorship of –
Mr. Ashok Ganguly – Former Chairman, CBSE for 8 years.
Dr. Mrs. Minakhi Das – Former Chief Controller of Exams, Odisha Board
Notebook – Work Culture
I believe that the best way to treat any employee is to not treat him or her as an employee. – Achin Bhattacharyya, CEO of Notebook
The Notebook team is like a close-knit family where the team members continuously help and support each other. Notebook has provided accommodation facility to its team members who are from outside Kolkata. This is a caring gesture and it has helped to improve the work efficiency of the team members.
Notebook – Awards
Notebook bagged the awards for the Best Website and the Best App at the World Digital Marketing Congress – two awards in 2020 at The Taj Lands’ End, Mumbai.
On winning the awards, Achin Bhattacharyya, CEO, and Founder of Notebook said, “From its very inception, Notebook has been driven by a vision to help students learn. The content design, product development, research, and technology have all stemmed from this core value. It is immensely encouraging for the whole team, and me personally, to be recognised by such an eminent forum for our efforts. India has seen a mushrooming of Edtech products in recent times, and many of them believe in aggressive overselling. We, however, have always believed in the quality of our content and the intuitive nature of our product and this has been such a wonderful validation of that approach. Our App and Website are both embodiments of the essential values that Notebook embodies – respect for every individual, inclusion in all our actions and immense pride in the work we do. I am humbled by this recognition, and attribute it to two things – our ability to precisely and accurately assess the students’ learning needs, and the tireless effort from our entire team. Accolades like this provide us with greater impetus to work harder.”
Notebook – Future Plans
It is just the beginning for Notebook company, and Achin and Subhayu are planning to make things big. Notebook’s future plans include-
Creating content in 10 vernacular languages apart from English.
To provide educational aids for dyslexic and visually challenged students.
To bridge the gap in the school education system in different subjects and different boards.
FAQs
What is Notebook?
Notebook is a digital learning platform that combines video and text content to deliver learning materials according to Board curricula.
Who is the founder of Notebook startup?
Achin Bhattacharyya, Subhayu Roy, and Abhishek Dutta are the co-founders of Notebook.
When was Notebook founded?
Notebook, the Kolkata-based startup was founded in 2018.
Who is the CEO of Notebook?
Achin Bhattacharyya is the Co-founder and CEO of Notebook company.
Right to Repair refers to the concept of allowing end users, business users as well as consumers, of technical, electronic or automotive devices to freely repair these products in case of mechanical or technical failure.
There are a few requirements that assume particular importance
The device has to be constructed and designed in a manner that allows easy repairs.
The original spare parts and tools (physical tools and software) that are needed for repairs should be accessible and available to end users and independent repair providers at fair market prices.
Repairs should not be hindered by software programming and should be possible by design.
The manufacturer must clearly communicate the reparability of the device.
The eventual aim of the Right of Repair is to favour affordable repair instead of replacement. This, in turn, leads to a more sustainable economy and a substantial reduction in electronic waste.
The ideology of planned obsolescence and restricting independent repairs was initially adopted by Alfred P. Sloan of GM Motors in the 1920s. This approach was damaging to independent repairs as it played a psychological game with consumers and drove them towards upgrading their cars with newer models.
On the other side, repairs were made unattractive and expensive by pushing them into authorized service centres. The global economy was restricted making it difficult for independent repair shops to procure spare parts.
By the late 1950s, many other companies had adopted a strategy similar to GM Motors. The first fight for the Right to Repair was brought about due to the market dominance of IBM in the computer mainframe market.
Surprisingly, IBM was sued by the Department of Justice, the USA for undermining the second-hand market by allowing clients to only lease their products but not own them.
IBM’s monopolistic position was effectively brought down by the Department of Justice, USA when it successfully pursued a consent decree that forced IBM to immediately put into action a few things.
The company has to sell all their products at a fair market that would not be a disadvantage over leasing and spin off the service division and provide parts, maintenance instructions and tools at fair market conditions to independent repair companies.
This ensured that a second-hand product market and an after-sales service market could be created. Unfortunately, this decision was not applicable to future electronics manufacturers and was eventually abolished in 1997. However, it was the first ever real fight for the Right to Repair.
Legislative Move Towards Right to Repair – Challenges Between 2000-2020
This time as well, the first proposal for Right to Repair began in the automotive industry as it came under scrutiny. It was introduced by Joe Barton and Edolphus Towns and was an effort to end the monopoly of control by manufacturers over repair information. This was resulting in a significant loss of business for independent repairs as they had to turn away car repair jobs due to lack of knowledge.
Although this effort was foiled by the automotive industry through successful lobbying, the Right to Repair ideology took a hesitant step forward in the form of a voluntary agreement by manufacturers to provide independent repair companies with spare parts and diagnostics manual.
Most independent repair companies still struggled to procure spare parts, this began a journey towards getting traction for the Right to Repair in the legislative branch.
2012 saw the first Right to Repair law for the automotive sector which required automobile manufacturers to sell the same service material and diagnostics to independent repair companies, mechanics and consumers as they provided to their dealerships exclusively. Following this many more states followed the same example and the movement goes on till today, across many countries, including India.
This law has also raised the need to be extended to all industries related to technical and electronic goods giving the consumer and independent repair companies the Right to Repair their devices instead of upgrading and buying a newer version.
The Indian Department of Consumer Affairs has set up a committee to develop a framework for the ‘Right to Repair’ movement. This framework lays emphasis on important sectors like mobile phones, tablets, consumer durables, automobiles and farming.
Effects of the Right to Repair on the Smartphone Industry
Manufacturers, especially the mobile phone industry, are continuously finding new ways to lock devices. This bypasses the owner’s rights to repair. Steps like part pairing and locks on the software to prevent repairing smartphone display screens are ways that act as deterrents for independent repair companies and consumers alike. This proprietary control of manufacturers, the government feels, infringes on the consumers ‘right to choose’.
India, fortunately, has a robust repair service sector and third-party repair mechanics. The Right to Repair, when passed will –
Serve as a price equaliser for repairs as the parts and diagnostics will become available for independent repairs.
It will increase product life decreasing e-waste generation.
Multinational phone manufacturers will open a self-service repair program.
The time frame for repairs will decrease due to an increase in the repair network.
It will also serve as a catalyst for employment generation.
Estimated maintenance, repair and overhaul market size in India
What Does the Future Hold for the Right to Repair Industry
The framework of Right to Repair is being positioned in the local market to be helpful to consumers and harmonise the trade between equipment manufacturers and third-party buyers and sellers. There is no doubt that it will reduce e-waste which is a huge leap forward in sustainability and planet preservation.
The details of when the Right to Repair rule will be implemented have not yet been revealed by the Government. But it is definitely a chance to look forward to with great enthusiasm.
FAQs
Is there a Right to Repair in India?
Yes, the Government of India is planning to introduce a Right to Repair law in India.
Which country implemented the Right to Repair Act?
The USA was the first country to implement the Right to Repair act.
Why is the Right to Repair important?
Right to Repair is important because its customers choose to repair their devices from a certified authorized centre or a repair shop. It is also great as leads to a more sustainable economy and a substantial reduction in electronic waste.
Employee monitoring software may conjure up negative images, but while previously it may have been used to help improve productivity by controlling which websites were accessible from work, these days monitoring is more about security. There’s a lot of distractions in the modern workplace, especially for employees who use internet-connected devices to complete their daily tasks. Most of the time, employees can be trusted to do the right thing, but there is always an opportunity for them to engage in unproductive behavior on company time. Worse yet, employees could exhibit reckless or malicious behavior that proves a threat to your business’s security. To help prevent these scenarios, employee monitoring software provides a way for you to monitor, record and manage your employees’ online behavior at work.
These breaches could be caused by anything from users forgetting to employ appropriate settings, to a user visiting a website infected with a malware, to malicious activity by disgruntled employees. So while some employee monitoring software is still used for time tracking and efficiency management, others work more like network monitoring tools by focusing on general activity in the IT network and looking for patterns that might suggest a security threat. This often means using artificial intelligence and machine learning to detect threats.
Whichever type of employee monitoring software you’re looking for, here we’ll feature a strong cross-section of the best on the market, according to your business needs.
Teramind
Pricing: INR 300 seat/month – 749 seat/month
Teramind
Teramind provides a user-centric security approach to monitor employee’s PC behavior. It streamlines employee data collection in order to identify suspicious activity, detect possible threats, monitor employee efficiency, and ensure industry compliance. It also helps reduce security incidents by providing real-time access to user activities by offering alerts, warnings, redirects and user lock-outs to keep your business running as efficiently and secure as possible.
The Simplicity of Teramind is great. The feature and functionality are powerful but the navigation is simple. Various dashboard addition via the widget on the fly is really commendable. It provides a lot of features like social media behavior, email tracking, a screenshot of user window, recording of audio and video of the user activity and exporting of the same for the documentation purpose. Productivity analysis on the dashboard by pre segregation of websites, apps, social media and other corporate policy – This way you can also use the outcome of the Teramind while doing employee performance appraisal.
Teramind is the best employee monitoring software for large businesses and enterprises. It offers multiple filtering and monitoring tools and has both cloud-based and on-premises deployment options. It’s also one of the few options compatible with Macs as well as PCs, and its advanced tools make it effective for easily monitoring many devices across a big company. For cloud access, pricing starts at ₹1,835 and self-hosted users pay ₹11,480 per month. It can be integrated into other applications like Redmine, NetIQ, and Radar among many others.
Veriato 360
Pricing: Starts $140/seat/month
Veriato360
Veriato 360 employee monitoring software provides unmatched visibility into the online and communications activity of employees and contractors. Veriato provides an integrated AI platform for monitoring user activity in order to reduce the chances of a data breach. It does this by following five main stages that involve monitoring, as the company prefers to describe it: Watching, Analyzing, Alerting, Seeing, and Reacting.
The Watching stage involves tracking employee activity across the web, emails, chat apps, and monitoring which websites are visited, applications are used, and what documents are moved around or uploaded. This produces a record of session times along with activities, and can track a single employee via their login credentials across multiple platforms and devices. Big data and AI is used to analyze patterns that might show a deviation from baseline behaviors, set by group or individually, and can additionally watch for outsiders trying to access the network or other digital assets using stolen credentials.
Once an alert is received, the security team can use a time capsule feature to check out a recording of the user’s screen as it was used, to determine if the alert was triggered by an error, whether the user made an error, or whether malicious activity was discovered. After that, the company can react accordingly, either dismissing the alert after being reviewed, or else in the more extreme cases, export any screen recordings if and as required to management, HR, security, in the event of disciplinary proceedings, or even to law enforcement if legal proceedings need to be taken.
Kickidler
Pricing: $9.99/user/month
Kickidler is one of the best employee monitoring software that allows keeping account and time supervision of employees at the working computers. Kickidler allows monitoring from 1 up to 10,000 workstations. It is used by IT-specialists, security teams, HR management teams, and top management. It helps in keeping control over employees and preventing insider threats.
HubStaff
Pricing: Free for 1 user, $7/user/month – $10/user/month
Hubstaff
Gain clarity and peace of mind with streamlined employee monitoring and time tracking from Hubstaff. Know your team is on the right track in real time through screenshot capture, activity monitoring, app usage, and reporting. Available for Mac, Windows, Linux, and iOS. Hubstaff runs in the background so your team can keep working without interruption. Integrates with over 30 business apps you already use, including Basecamp, Trello, Asana, Github, and Paypal.
The interface is user-friendly. Hubstaff captures 3 random screenshots every 10 minutes so it does really help a lot in catching workers who are doing unrelated things while they should be doing work. Apart from this, the admin can restrict the workers from deleting the screenshots but it could also be enabled in the setting, when screenshots are deleted, it also deducts the 10 mins. Both admins and users can add time manually depending on what you set up.
Hubstaff can be used to accurately monitor employees’ work hours. It can be very helpful to businesses that have employees that work on the field or remote locations. Employers can use it to track employees’ computer activities, location, and time spent on various applications whether you are offline or using your mobile devices. It can be integrated into payroll, project management, and many other applications. Furthermore, Hubstaff can be used to monitor invoicing, payroll, and employees’ schedules to optimize their productivity and to ensure they are timely paid. Based on the number of employees to be monitored, basic plans start from $5 per month.
Pricing: Free with limited features, $9 user/month – $15 user/month
ActivTrak
ActivTrak is a workforce productivity and analytics software company that helps organizations understand how and what people do at work. Its cloud-based user activity monitoring platform provides contextual data and insights that enable mid-market enterprises to be more productive, secure, and compliant. With more than 5,000 customers and over 100,000 users of its Free version, ActivTraks award-winning solution can be configured in minutes to provide immediate visibility and reporting.
ActivTrak offers a well-rounded free version for up to three users. The free edition of ActivTrak includes 3GB of storage, an analytics dashboard for reviewing data insights, web content filtering and real-time device monitoring. It is compatible with Windows and Mac devices, as well as on iOS and Android mobile devices.
ActivTrak also offers a cost-effective paid version that builds on the features available with its free edition. The paid version starts at $7.20 per user, per month, which is one of the most affordable prices we found. In addition to all the features included in the free version, the paid edition offers unlimited storage space, automatic detection of USB drives or other detachable devices, monitoring of file transfers, user risk scoring, real-time screenshots and a remote agent installer.
Spyrix Employee Monitoring
Pricing: $59/year – $479/year
Spyrix Employee Monitoring
This software is perfect for employee monitoring both for small firms and huge enterprises. It is used for detailed remote control over user activity. Besides, it has numerous amazing functions. Spyrix Employee Monitoring can be used to track keylogger activities, websites, apps, social media, and chats. Any printing activity or external storage such as USB or memory cards can also be tracked. Also, no matter where you are, you can monitor and control your employees’ as you will have access to logs via your email.
Besides, you can view all recorded data via your secure online account. You just need to log in to the dashboard from any device whenever you’re located. Spyrix software is unique as it also offers log delivery to FTP, LAN and cloud storages (GoogleDrive, DropBox). Further, the software can turn the target computer into kind of surveillance device. This means that you can monitor your employees via computer webcam and microphone, so you will always know what’s going on in the office when you’re absent.
The software allows viewing employees’ computer screens in real mode remotely. It can operate undetected and offers the hidden mode meaning that the staff members won’t be distracted by the program. The software offers a free trial during which you can decide if it meets all your needs.
Time Doctor
Pricing: $70/user/year – $200/user/year
Time Doctor
Time Doctor is an employee monitoring software with accurate time tracking that helps you know if your team is really productive. It’s especially suited to team from 20 to 500 employees. It is a web-based solution that provides time tracking, computer work session monitoring, reminders, screenshot recording, invoicing, reporting tools, integrations and so much more.
Another advantage is the growing list of project management tool integration. Well, TD is a project management tool already but if you’re using other tools like Trello, you’ll be happy to know that TD has you covered already. Another advantage is the fact that TD has added the Client View feature. That means you can invite your client/s to log in to a panel and view all the screenshots and work you’ve billed them. That’s a trust booster for you and your client especially if you’re getting paid by the hour.
It has a lot of options that help you manage staff and increase productivity significantly. Not only you can see captures, but also see the activity of their peripherals and the apps and programs they use. It is a very powerful tool which helps in order to track and monitor the tasks of the workers. It captures the different tasks performed all the day and the kind of tabs opened by the workers. This is also used by the remote workers who are providing virtual assistance on the hourly basis and get paid as per the report generated at the end of the day. One can also track the idle time of a person and shows the amount of time spent on a specific tasks.
Work Examiner
Pricing: Starts $79.90/licence/year
Work Examiner
Work Examiner was launched in 2006 by EfficientLab LLC. The firm says the software is now used by over 1500 companies. Amongst the benefits it promises are accurate tracking of when employees arrive at and leave their desk, the ability to schedule reports on users or departments (received via email), and the option to set flexible policies for controlling employee work time and ‘free’ time.
Work Examiner is broken down into three main purposes: web usage control, surveillance and work time tracking. The platform provides data on how an organisation’s web traffic is distributed between users, computers, user groups, departments, sites and website categories. It can be viewed by days, dates and hours. Detailed web access reports are provided and, as with other platforms, it’s possible to filter what websites employees can access. Users can receive notifications when specified websites are accessed and employees can be issued a customizable message when they access specified sites.
The surveillance functionalities in Work Examiner allow users to see screenshots of what a user is viewing in real-time, and there’s the option to capture screenshots at regular intervals and then play them back like a movie. All emails can be captured and saved and it’s possible to filter emails by keyword. Activity on instant messaging applications can also be recorded. It has many features like ready-to-use reports (user behavior) for monitoring and analysis, Real-time data, screenshots, app/web usage, email usage, keystrokes, etc. It also does web filtering for you.
Pricing: Free for 1 employee, $5.99/user/month – $19.99/user/month
MoniTask
Monitask is an online time-tracking and screenshot monitoring software as a service (SaaS) startup company. Monitask delivers employee monitoring solutions to boost productivity, efficiency, and accountability across your team. Advanced screenshot and activity monitors, as well as time tracking capabilities, keep teams focused on the task at hand. The software is powerful, yet lightweight, making it simple and easy to use. Managers can also access their dashboard on any of their devices to keep track of their team anytime, anywhere.
“As an entrepreneur, I often feel guilt that I’m not spending “enough” time working on various projects. Once I started using Monitask, everything became objective and my time has started to become more valuable. Things that get measured get improved. This objective feedback on how I’m spending my time has given me so much encouragement and motivation. I can see progress happen, and I’m able to feel better about the work I do”, says one of the user.
Monitask provides weekly reports by project which gives you a visual overview of how you spent your time. The software has a very easy interface to use. Its features follow most software formats which have all of the user capabilities on the right hand side. Visually the interface is appealing and easy to read. It provides all of the useful features needed in a time tracking software.
Berqun
Pricing: Starts $7.50/user/month
Berqun
Berqun gives quantifiable insight into how your employees spend their time at work. These insights allow you to confidently identify low performers and enable you to jointly take action towards higher productivity. Analyze trends over time and drill down into any unusual changes. Optionally, record screenshots of employee computers at any time interval that you specify.
With this software you can capture actual visited websites for any browsers and all applications used in the computer with their duration which gives ability to measure the work time easily whether it is productive or not. Beside that information, you can also capture work start time, work end time, total working time network usage and screenshots for an employee, and also agent application is so tiny, smaller than 1 mb, easy to install and configurable from the web application.
Berqun enables you to learn how high-performing staff (quality & sales revenue) achieves their results. Berqun offers a great combination. Whilst providing a full overview about the productivity, actual working hours, and relevant analysis, it also provides the required privacy (no keylogger & option to pause). This creates a general acceptance within the company. Staff doesn’t feel to be spied on.
Conclusion
Regardless of why your business needs this kind of software, employee monitoring tools should be handled with the utmost respect for privacy. For admins, the power that accompanies this kind of software should necessarily surface concerns when it comes to handling confidential or personal data, overseeing managerial access rights over whom they can monitor, and maintaining a level of transparency as to what constitutes “work hours” and whether employees are aware they’re being monitored. The technology at work in employee monitoring tools can provide tremendous benefits to businesses through comprehensive oversight, data gathering, data reporting, and automation. So, choose the software carefully which meets your expectations. If you are using some other software, please let us know in the comments section.
FAQs
What software is used to monitor employees?
There are many Employee Monitoring tools and time tracking systems that can be used to monitor employees.
Which are the top Employee Monitoring tools?
Some of the best Employee Monitoring Software are:
Teramind
Veriato 360
HubStaff
Kickidler
ActivTrak
Spyrix Employee Monitoring
Time Doctor
Work Examiner
Monitask
Berqun
What things can be monitored using Employee Monitoring Software?
Employee Monitoring Software can be used to monitor all the activities of employees done on the system. It includes:
The hospitality sectors without a doubt are a huge industry offering an amazing range of challenges and excellent roles if one is thinking to start a career in this sector. Thanks to the boom in the economy and a sizeable population with standard income, this industry is growing immediately.
Speaking about the sector, OYO, the Indian multinational hospitality chain that has services in hotels, homes, and living spaces is one such example.
Rohit Kapoor was the former CEO of the India & South Asia business across Hotels, LIFE & Workspaces at OYO. He is the man behind the success of OYO in expanding not only in India but also across international markets. He is the reason for driving the new real estate business for OYO by exploring new territories, strategic partnerships, and investment opportunities.
Currently, Rohit Kapoor is serving his notice period at OYO and is soon going to head the food delivery business, Swiggy. Rohit Kapoor worked at OYOfor almost four years. As per sources, he is very likely to join Swiggy if there are no last-minute changes. This decision came into effect after former COO Vivek Sundar left Swiggy.
To learn about his life and bio, read through this article to know how he led OYOinto the global market.
Rohit Kapoor earned a PGD from the Indian School of Business, where he placed among the top five students in his class and won the Young Leader Award for having the greatest overall grade in 2006.
During his graduation time, Rohit has also been engaged in several activities and won achievements like the Torchbearer award for helping brand building for the school and winning the Merit List for core terms.
Before this, he also studied CFA institute (Charter, Investments, and Securities) from 2001 – 2004
The book “ISB Portraits” recently included Rohit Kapoor as one of ISB’s most important graduates.
Besides being an academic scholar, Rohit loves to travel and has a passion for photography.
Rohit Kapoor – Career
Rohit Kapoor is a true leader who has about 20 years of experience in leading many companies. Rohit spent over ten years as a consultant with McKinsey & Company before joining OYO. He experienced a wide range of international marketplaces while working at McKinsey.
Additionally, Max One Distribution, Crossley Remedies, and Antara Senior Living all have Rohit on their boards.
Rohit Kapoor – Journey So Far
Rohit Kapoor is now all set to guide one of the leading food delivery enterprises, Swiggy. After serving the hospitality unicorn for 3.6 years, Kapoor announced his resignation.
He joined the Gurugram-based firm, OYO in December 2018 as the new real estate company’s chief executive officer (CEO), and was promoted to that position a year later to become the Global Chief Marketing Officer of India and South Asia.
Reports suggest Rohit Kapoor will be in charge of expanding Swiggy’s meal delivery services in his new position.
In addition, the startup’s organisational structure has been altered. The reason for the change was that it started they were strong but subsequently lost market share to meal delivery rival, Zomato. Swiggy hasn’t debuted on the stock market yet, but Zomato did so last year.
According to Rohit, the young people of today need more than simply sitting in a room of four walls. They want accommodations with higher levels of comfort and luxuries so they may enjoy life more and pursue their passions without worrying about regular daily-life problems.
This is what led him to create co-living spaces that will suit young people and students in today’s times. These spaces will give them the freedom to do whatever while reducing the headaches associated with brokers, properties with few or no amenities, maintenance fees, housekeeping services, security deposits, and other such issues that cost them extra bucks.
Rohit Kapoor – Investments
Rohit Kapoor is the angel investor at OFB Tech Pvt. Ltd. [Ofbusiness]. It is a technology-driven financing platform for SMEs.
Rohit Kapoor – Awards & Achievements
The following are some of the awards Rohit Kapoor has won:
Merit List for core terms.
Came 4th out of 349 on the Dean’s List.
Featured in the ISB Portraits for being one of the talented graduates.
Rohit Kapoor – Unknown Facts
Few interesting facts about Rohit Kapoor
He cycled from Manali to Leh in 2018.
He loves travelling and photography.
He loves designing.
FAQs
Who is Rohit Kapoor?
Rohit Kapoor is currently CEO of Swiggy for its food delivery business and formerly was the Chief Marketing Officer of OYO.
What was the previous role of Rohit Kapoor?
Rohit Kapoor was the Chief Marketing Officer of OYO.
The American multinational technology company, Amazon, which engages in e-commerce, cloud computing, artificial intelligence, and digital streaming, has recently announced that it is reducing some of its items. The brand is cutting down the products that sell under its brand like Amazon Basics.
This leader in the e-commerce market mentions to the Wall Street Journal, “We never seriously considered closing our private label business and we continue to invest in this area, just as our many retail competitors have done for decades and continue to do today”.
To find more, this article highlights the reason why Amazon took such a decision to reduce selling its own private-label business.
The giant e-commerce brand, Amazon started having its own brands like Pinzon, Amazon Basics, Mama Bear, Wag, Amazon elements, and more in 2009. Amazon decided to have in-house brands to boost increase margins and reduce competition, however, some of its brands are not doing well in the market for which they are reducing the items. One of its private label brand Amazon Basics is going to have less number of items to be sold.
This change in the system that Amazon is going to adopt is due to ‘weak sales’. However, they are not going to completely shut their private-label business, they will just reduce the number of items. As per some reports, Amazon has asked its team for the past six months to chop off some of its items and not to further go for reordering.
There are statements that Amazon finally came to this decision after Dave Clark, an ex-amazon executive made a review of how business is done by Amazon. Amazon claimed that Dave Clark made decisions that led to over-staffing at Amazon fulfillment centers and refrained from union progress.
Unfair Treatment of Third-Party Merchants
In 2020, the European Commission charged Amazon for using its power and data to push up its products for its benefit over other rival merchants. This was disclosed during a press conference on an anti-trust case with Amazon at the European Commission (2020) held in Brussels.
In addition to accusations, the European Commission has also opened up an investigation to look into the matter that if Amazon gives exceptional treatment to its products and to vendors who use its delivery benefits.
The controversy does not end here, as the Commission has also put up statements that Amazon has no right to use third-party’s activity and data to its benefit since they are its competitors.
The dualism act by Amazon has also drawn scrutiny issues in the USA. They had been asked to defend themselves from these allegations in writing, with which they had disagreed.
In their defense, Amazon claimed that the company has always been helpful to other merchants. The brand made several statements in its defense that they only represent 1% of the world’s retail market. Furthermore, they have also claimed the brand has supported small businesses for the past 20 years in comparison to any other retailer.
In efforts to ease the regulatory pressure, Amazon is now reducing the sale of its products. Amazon is doing all of this to resolve its two anti-trust cases issued by the European Commission.
The other case which was opened by the EU is to investigate whether the giant retailer favors those merchants that use its logistics and delivery system over other sellers.
Although as per reports, Amazon has contradicted these allegations, however, to settle down it has come to a concrete conclusion to make things transparent with the European Commission and keeping in view of their trust issues it is aiming to serve the European consumers and the 185,000 plus European small and medium-sized enterprises who are selling through their platform.
These investigations compelled Amazon a fine of up to 10% of its annual revenue worldwide.
Amazon has also made statements concerning its defence claims, that they are finding the new EU digital regulations, the Digital Markets Act completely one-sided. They have made remarks like, “unfairly targeting Amazon and a few other American companies.”
To come out of these accusations, Amazon now has taken up the step to refrain from using its competitor’s data and use it for its own purpose. The brand is now accepting to give equal status to other sellers while ranking their products with the feature, “buy box”. This feature allows shoppers the liberty to add items directly to their shopping bags.
Conclusion
This massive e-commerce performer, Amazon, is facing some difficulties right now. The company’s decision to reduce the selling of its products shows us that they plan to keep things ethical for other third-party merchants. Amazon is now looking for ways to give full access to other sellers on its marketplace.
FAQs
What is Amazon’s private label?
Amazon sells its products using its in-house brands which are its private labels. Some of the examples are Amazon Basics, Solimo, Happy Belly, and Amazon Fresh.
Is Amazon closing down its private label brands?
No, Amazon has decided to sell fewer items by its private labels due to low sales and due to anti-trust issues.
Real Estate is always considered as one of the best investments by Indians. There are several real estate companies in India. In a country like India where the population is increasing, the real estate industry is considered to grow much more in the near future.
The increase in demand for the real estate will increase the wealth of the real Estate developers in the country. The covid-19 pandemic and the lockdown had dragged down the real estate industry.
Net Worth: INR 36,733 Crore Real Estate Business Name: Lodha Group
Remarkable Projects of Lodha Group: The World Towers, Trump Tower Mumbai, Lodha Park
Mangal Prabhat Lodha – Richest real estate developers in India
Mangal Prabhat Lodha is the founder of Lodha group which is an Indian real estate company. It is headquartered in Mumbai, India.
The company has developed residential and commercial properties in and around India which include Mumbai, Thane, Pune, Hyderabad, and London.
Rajiv Singh
Net Worth: INR 61,220 Crores Real Estate Business Name: DLF
Remarkable Projects of DLF: Shivaji Park, Model Town, and Kailash Colony
Rajiv Singh – Richest real estate developers in India
Rajiv Singh is the chairman of the DLF company. Delhi Land & Finance (DLF limited) is a commercial real estate that was founded by Chaudhary Raghvendra Singh in 1946. The company is based in New Delhi, India.
Chandru L Raheja and family
Net Worth: INR 29,547 Crore Real Estate Business Name: K Raheja Corp.
Remarkable Projects of K Raheja Corp.: Mindspace, Shopperstop, InOrbit, and Commerzone
Chandru L Raheja – Richest real estate developers in India
Chandru Raheja is the founder of the company K Raheja Corp. K Raheja Corp is a Real estate developer in India. It was founded in the year 1956 and has its headquarters in Bangalore, India. The company develops commercial and residential projects, hospitality, and malls across the country.
Jitendra Virwani
Net Worth: INR 15,172 Crore Real Estate Business Name: Embassy Office Parks
Remarkable Projects of Embassy Office Parks: Manyata Embassy Business Park, Embassy Tech Zone
Jitendra Virwani – Richest real estate developers in India
Jitendra Virwani is the managing director and the chairman of the Embassy Office Parks. The company was founded in the year 1993 and is located in Bengaluru, India. In August 2020, Embassy agreed to merge its residential and commercial projects with listed Indiabulls Real Estate.
The company develops commercial, residential, industrial warehouse spaces, retail, education, and hospitality. The company has developed projects in and around India which include Bengaluru, Chennai, Hyderabad, Pune, Coimbatore, Serbia, and Malaysia abroad.
Niranjan Hiranandani
Net Worth: INR 11,978 Crore Real Estate Business Name: Hiranandani Group
Remarkable Projects of Hiranandani Group: Hiranandani Sands, Hiranandani Fortune City, Hiranandani Parks, Mount Alterra, Hiranandani Business Park, and Hiranandani Signature – GIFT City
Niranjan Hiranandani – Richest real estate developers in India
Niranjan Hiranandani is the co-founder and managing director of the Hiranandani group. The company was founded in the year 1978 in Mumbai, India. This group is one of the largest real estate groups in India. He is also ranked by Forbes among the 100 richest Indians.
This company develops health, education, hospitality, and energy spaces. The company has developed projects across Bangalore, Mumbai, and Chennai.
Net Worth: INR 23,956 Crore Real Estate Business Name: Oberoi Realty
Remarkable Projects of Oberoi Realty: Oberoi Garde, Oberoi Seven, Oberoi Woods, Oberoi Exquisite, and Oberoi Esquire
Vikas Oberoi – Richest real estate developers in India
Vikas Oberoi is the chairman and managing director of Oberoi Realty. The company is based in Mumbai and was founded in the year 1980. The company develops offices, apartments, shopping malls, and hotel spaces.
Raja Bagmane
Net Worth: INR 16,730 Crore Real Estate Business Name: Bagmane Developers
Remarkable Projects of Bagmane Developers: Bagmane Tech Park, Bagmane World Technology Centre, and Bagmane Solarium City
Raja Bagmane – Richest real estate developers in India
Raja Bagmane is one of the directors of Bagmane Developers. The company was founded in the year 1996 and is located in Bengaluru, India.
The company is involved in real-estate activities which include buying, selling, renting, and operating self-owned or leased real estate.
Subhash Runwal
Net Worth: INR 11,450 Crores Real Estate Business Name: Runwal Group
Remarkable Projects of Runwal Group: R City Offices, R square, and R City Mall
Subhash Runwal – Richest real estate developers in India
Subhash Runwal is the founder and chairman of the Runwal group which was founded in the year 1978. The company is known for building homes in the city and suburbs. The company even owns several malls.
Ajay Piramal and Family
Net Worth: INR 29,540 crore Real Estate Business Name: Piramal Group
Remarkable Projects of Piramal Group: Piramal Mahalaxmi, Piramal Vaikunth, Piramal Reventa, Piramal Aranya, and Piramal Agastya
Ajay Piramal – Richest real estate developers in India
Ajay Piramal is the founder and chairman of the Piramal group which was founded in 1984 located in Mumbai, India. He has also been awarded the Business Leader of the Year Award, 2018, International Advertising Association Leadership Awards.
The company has a presence in various sectors such as healthcare, life sciences, drug discovery, financial services, real estate, and many more. The company had formed its own real estate company, Piramal Realty.
Net Worth: INR 8,782 Crore Real Estate Business Name: The phoenix Mills Limited
Remarkable Projects of The phoenix Mills limited: One Bangalore West, Rajajinagar, and Phoenix Fountainhead
Atul Ruia – Richest real estate developers in India
Atul Ruia is the owner of the Phoenix Mills Limited. The company was opened in the year 1996 and is located in Mumbai, India. Atul Ruia is also on the board of 19 other companies.
The company owns the High street Phoenix which was formerly known as Phoenix mall. It is one of the largest shopping malls in India. In addition to the mall, the compound has a 5-star hotel, a multiplex, a residential tower, and a commercial space.
Conclusion
This is the list of the richest real estate developers in India. Real estate sector is one of the most acknowledged sectors in the world and is expected to grow more than double in the coming years. Indian Billionaires in the real estate businesses are adding up with huge net worth. Urbanisation and rising household income has made the industry grow unprecedently.
FAQs
Who is real estate king in India?
Mangal Prabhat Lodha is known as real estate king in India.
Who owns most land in India?
Indian Govt is the biggest land holder in India.
Who is the richest real estate developer?
Donald Bren is the richest real estate developer with an estimated net worth of $15.5 billion.
Who are the Richest real estate developers in India?
Top 10 richest real estate developers in India are:
Indians never fail to amuse themselves with their traditional attire, especially in ethnic wear on occasions or events. On the other hand, wearing such clothes costs like anything in this world, even if you are wearing them for one day or keeping them permanently.
That’s why Flyrobe has made a favourable store by conferring rental dresses at affordable prices. Besides that, customers can buy the products by paying the full settlement.
Flyrobe is an online rental clothing company for men and women. Instead of owning a one lakh dress for a one-day occasion, renting it at an affordable rate would do wonders. Flyrobe sells handmade ethnic wear of the RIB brand and charges fare only on the rental dresses but they ask you to pay extra if you exceed the specified due date.
On the other note, there are no delivery fees or transportation charges and also the company grants one more expedient to the customers where the required product delivers within 3 hours.
Notably, Flyrobe is an online clothing portal that sells as well as rents western attire, ethnic, accessories, designers, and men’s and women’s collections which was launched in 2015 by Pranay Surana, Tushar Saxena, and Shreya Mishra.
Currently, the business is planning to open 30 branches in different cities to dilate their services in the country. The company is operating in 10 major cities in India and has two offline stores in Mumbai, Bangalore, Ahmedabad, and Delhi.
Flyrobe – Products and Services
Flyrobe is known for its Ethnic attire, which is made by its handcrafted RIB brand. Subsidiarily, The company sells branded clothes such as Zara, Armani, GLITZ, Sabyasachi, DIOR, etc. to the customers.
Flyrobe also sells designer collections, and accessories like sunglasses, bracelets, rings, and chains. Furthermore, Flyrobe offers party dresses, lehengas, sherwani, tuxedos, and other branded collections.
Flyrobe Website
Flyrobe comes up amazingly with its new arrivals of handcrafted dresses which are given as rentals at a reasonable price. In case you are buying such dresses from Flyrobe, it is said that it costs an arm and a leg.
The store also touts celebrities’ look outfits and renowned designer’s outfits, whereas Alia Bhatt, Sonakshi Singha, Parineeti Chopra, and others have played a part in the growth of Flyrobe.
Flyrobe – Target Audience
Every woman admires herself when it comes to traditional wear, so it is highly recommended for the age group 20 to 40 years, who love to wear ethnic attire to any occasion to amuse others with their classy look. So Flyrobe targets women majorly by selling or renting women’s collections at a pragmatic price.
Flyrobe – Business Model
Unlike other clothing companies, Flyrobe renders their clothes in rental to the customers at a cheaper rate. They rent the on-demand product for a four to eight days period and charge no delivery fees. But if the specified rental period became due, then the customers are asked to send an email to the company in requisition for the dilatory.
It is saddening when one buys an expensive dress for 50 thousand rupees but wears it only for a one-day event. That’s why Flyrobe sounds good when expensive clothes are available for rent at an affordable rate to the customers for 4 to 8 days without delivery charges.
What Is Unique About Flyrobe’s Business Model?
Being on top of its game, Flyrobe uses unique ideas that make them stand apart from its competitors. Some of the ideas used by Flyrobe are:
No delivery charges
Flyrobe provides an excellent service to its customers by way of free pick up and delivery to the address provided by the customer. This is one of the few reasons why Flyrobe is popular among its competitors and customers likewise. The delivery of western clothing within 3 hours with no pickup and delivery charges was coveted by the customers of Flyrobe.
Services offered in 16 major cities
Flyrobe offers its service in 16 major Indian cities: Delhi, Gurugram, Faridabad, Noida, Ghaziabad, Chandigarh, Ludhiana, Jaipur, Mumbai, Pune, Indore, Lucknow, Hyderabad, Ahmedabad, Bengaluru, and Agra.
Rented outfits at a cheap price
The very reason why Flyrobe is favored is because of renting good quality ethnic and western wear at a cheap price affordable to people. This allows people who would want a lehenga for a 3-day function to not spend a fortune on buying a lehenga but also wear one that makes a statement.
Offers a wide range of clothing from top designers
Who wouldn’t love wearing a lehenga from the maker of Anushka Sharma’s wedding lehenga and not having to sell their kidney in the process? Flyrobe offers ethnic and western clothing from top designers like Sabyasachi, Zara, Armani GLITZ, Dior, etc. to its customers and has multiple partnerships with several agencies and designers.
Online and In-store presence
Flyrobe’s online reputation across 16 Indian cities at a reasonable rate of rent for a minimum of four days has customers crowding their site. Customers who want to make alterations to the dress can visit their stores and get a fitting done for no cost.
How Does Flyrobe Make Money?
Flyrobe is gaining much recognition with different types of audiences favouring its concept. Flyrobe makes money in more than one pattern. The majority of the revenue collected by Flyrobe comes from its online sales. As per its founders, 65% of revenue is collected from its online sales.
Apart from that, Flyrobe charges a commission from its sellers on each successful renting and purchase. There is also the option of a subscription plan available for its users which provides additional benefits to the user.
On the other hand, Flyrobe charges a fixed amount from then in return for the subscription model. Flyrobe also earns its revenue from the advertisements provided on its platform.
Flyrobe’s unique idea created an industry that is thriving and profitable. It is well received among those people who would love to wear high-end fashionable ethnic wear to marriages and functions as these are celebrated as grand festivities in India but can’t afford to purchase them for a one-time affair.
And the ability to wear International branded western wear for rent is an option that is positively tempting to those who love fashion. The largest rental platform’s presence in 16 major cities in India and the offline stores only help in increasing the reach of Flyrobe among masses of people who are planning a budget wedding dress.
FAQs
What is Flyrobe?
Flyrobe is a startup focused on fashion-based products which allow them to be rented and purchased. Majorly, it is an apparel-based renting platform.
Who started Flyrobe?
Flyrobe was started by Shreya Mishra, Tushar Saxena, and Pranay Surana in 2015.
Can I rent my clothes on Flyrobe?
Yes, Flyrobe allows easy renting of individuals’ clothes on its platform. One can easily rent their clothes on Flyrobe until and unless the dress meets all the eligibility criteria of the startup.
Is Flyrobe Profitable?
Flyrobe is a profitable business as its revenue collection has been noted to have significant growth over the years.
