Blog

  • Top 11 Digital Entrepreneurs in India | Youngest Digital Entrepreneurs

    With the evolving digital platforms, the world is growing as well. And so the business industries, several startups and established businesses are shifting completely to digitalization.

    Digital media is providing all kinds of features and facilities for businesses to develop enormously. In fact, many business owners have made digital their business. And these are growing with an exponential graph of success. Therefore, such entrepreneurs are termed as digitalpreneurs or digital entrepreneurs.

    You might be wondering, what exactly is a digital entrepreneur? A digital entrepreneur is a business owner, founder or manager who has an internet-based business such as OYO or Paytm.

    In India, there are a vast number of such digital entrepreneurs who have expertise in their field of interest and business with great graph success. India provides all kinds of facilities to its entrepreneurs to grow their businesses successfully.

    It also brings development for the country as India is growing towards the digital world with extensive manifestation. Digital entrepreneurs in India have developed some great online platforms that have been proven absolutely promising and convenient to use.

    Through this article, we present you with those top digital entrepreneurs who have been a great example to the young generation and are extremely successful. Let’s get started!

    List of Successful Digital Entrepreneurs in India

    1. Byju Raveendran
    2. Shradha Sharma
    3. Ritesh Agarwal
    4. Vijay Shekhar Sharma

    List of Youngest Digital Entrepreneurs in India

    1. Shravan and Sanjay Kumaran

    Top 5 Tips To Become A Successful Digital Entrepreneur

    Byju Raveendran

    Digital Entrepreneur Byju Raveendran - BYJU'S Founder
    Digital Entrepreneur Byju Raveendran – BYJU’S Founder

    Founder of BYJU’S study app, Byju Raveendran is well known for his tremendous work that is helping millions of students. He is one of the youngest billionaires in India. He launched BYJU’S app in 2015 and within 2 months, it reached millions of students who downloaded it.

    BYJU’s current value is worth $5.7 billion. Its EdTech company is established in Bengaluru and is considered as the top-notch learning and thinking platform for millions of students. In fact, it has been rated with the “Best Self-Improvement” app in 2016, on Google Play Store.

    Shradha Sharma

    Digital Entrepreneur Shradha Shrama - Yourstory Founder
    Digital Entrepreneur Shradha Sharma – Yourstory Founder

    Shradha is a very well-known digital entrepreneur of India. Shradha Sharma is the founder and Chief Editor of Yourstory.com. It is a startup media platform that brings the stories of startups, entrepreneurs, change-makers, funding analysis and resource pieces.

    Yourstory media has been an absolute success which has around 20,000 stories based on entrepreneurs and tons of several other matters. It provides the facilities to read any story in 12 different languages. Moreover, it has reached more than 10 million readers daily who find this online platform very considerate and interesting.


    7 Tips for Starting Your Business in College
    To become a successful entrepreneur, one needs to dedicate time and energy to abusiness venture. Starting working on business gives a lot of time to know thein and out of business. But it takes willpower to start a business at any age asstarting your first business while still in school is quite …


    Ritesh Agarwal

    Digital Entrepreneur Ritesh Agarwal - Founder of OYO Rooms
    Digital Entrepreneur Ritesh Agarwal – Founder of OYO Rooms

    The well-known personality, Ritesh Agarwal is the founder and CEO of OYO Rooms. OYO rooms are widely famous around India for their incredible service of booking the top branded hotels online or offline. Ritesh Agarwal is a digital entrepreneur who started his journey at just the age of 16 years and now ruling a business worth millions.

    He travelled all the fractions of the country with a budget plan settlement. This gave him the idea to build such a platform that would provide the facility to book any hotel at affordable rates. OYO Rooms is one of the fastest-growing online platforms in India.

    Vijay Shekhar Sharma

    Vijay Shekhar Sharma - Founder of Paytm
    Vijay Shekhar Sharma – Founder of Paytm

    Vijay Shekhar Sharma, the founder of a very famous digital payment company, Paytm. Vijay Shekhar Sharma with a net worth of $2.1 billion, was included in the list of the youngest billionaires of India by Forbes.

    Paytm is considered one of the most promising and convenient digital payment platforms. Along with the Paytm app, Vijay Shekhar Sharma also developed Paytm Mall, Paytm payment bank, and e-commerce business.


    Challenges Entrepreneurs Face
    Everyone knows that being an entrepreneur is not easy. But, everyone thinks ofbecoming one with their “One in a million” idea. Everyone thinks that “this issomething no one has ever done”. Everyone has a unique business idea, but thereare very, very few people who really give it a try. It doesn’t…


    Shravan and Sanjay Kumaran

    Youngest Digital Entrepreneur Sanjay and Shravan Kumaran - Founder of GoDimensions
    Youngest Digital Entrepreneur Sanjay and Shravan Kumaran – Founder of GoDimensions

    The youngest Indian entrepreneurs, Shravan and Sanjay are siblings merely of age 17 and 15 respectively. Together they built the mind-blowing digital platform, GoDimensions. Shravan and Sanjay are the youngest digital entrepreneurs of India.

    GoDimensions are aimed to achieve the simplest and most convenient technical antidotes for digital media. Once in an interview, Shravan and Sanjay were asked about the reasons behind their success, they respond, “Reading a huge number of books and solving the problems that come on the way.”

    This sibling developed the mind-blowing application for both Android and iOS.

    Conclusion

    There are plenty of entrepreneurs who have been brilliant and successful on digital platforms. Before you decide to initiate your startup, take a step hold and look for the business models of such successful entrepreneurs mentioned above.

    They have contributed majorly to the successful growth of digital media. The digital platform has taken over almost all our essentials from traditional media to stores. It has given digital a new outlook which is tremendously popular. These experts would provide you with the best business idea for your startup to make it a success.

    FAQs

    Who is an entrepreneur?

    An entrepreneur is an individual who sets up a new business by taking a risk in order to make money.

    Who is a digital entrepreneur?

    A digital entrepreneur is one who works in the digital media space and makes his living by selling digital media or downloads. In other words, a digital entrepreneur is anyone who works online in the digital environment.

    What is the job of digital entrepreneur?

    A digital entrepreneur job is to utilise the reach and power of the internet to offer products or services for profit.

    How do you become a digital entrepreneur?

    • Learn digital marketing skills – Search Engine Optimisation (SEO), Search Engine Marketing (SEM) and Social Media Marketing (SMM).
    • Once you learn these skills, you can freelance in these fields.
    • You can start a digital marketing service or build products.
    • You can also become a social media influencer.
    • Start any services or products that you can offer virtually.

    What are the 4 types of entrepreneurs?

    The four types of entrepreneurs:

    • Coasting, opportunity comes to them (or it doesn’t)
    • Conservative (very moderate use of resources, protecting existing resources)
    • Aggressive (proactive, all-in, actively seeks opportunity)
    • Innovator/Revolutionary (attains growth through innovation)

    Who is the youngest digital entrepreneur?

    Jeevan Tiwari is India’s youngest digital entrepreneur and is also the youngest millionaire in India.

    Who are most successful businessman in India?

    Some of the most successful businessmen in India are:

    • Mukesh Ambani
    • Gautam Adani
    • Azim Premji
    • Ratan Tata
    • Lakshmi Niwas Mittal

    Who is the richest entrepreneur in world?

    Jeff Bezos, the founder of Amazon is one of the richest entrepreneurs in the world with an estimated net worth of $131 Billion.

  • Top 21 Must-Watch Motivational Movies for Entrepreneurs

    If you’re an entrepreneur or someone who wants to build a career of his own, there comes a time in life when everything goes downhill, leaving you helpless and underconfident. Motivation is a factor everyone needs on a timely basis to keep going. Even the most successful entrepreneurs need motivation and inspiration from time to time. Watching inspirational movies is one of the proven ways to get motivated. Many entrepreneurs have admitted to watching startup movies like ‘The Founder’ to get a much-needed motivational boost.

    A film can be more than a few hours of entertainment. It can stimulate your mind and help with imagination, motivation, and vision, and acts as a catalyst in the pursuit of your goals.

    There are some inspiring startup movies which help entrepreneurs and businessmen feel motivated in their lows. Inspirational movies go beyond delivering entertainment; they are more than a visceral medium and can instil a sense of confidence and motivation that’s lost somewhere. Examples abound — Bhaag Milkha Bhaag, Chak De India, and Iqbal are counted among the desi movies which have left the audience energized. Hollywood chartbusters famous for leaving the audience in high spirits include Forrest Gump and Moneyball.

    If you are among those people who are looking for movies similar to The Founder, we present you with a list of the best motivational movies for entrepreneurs. These movies will not only motivate you but also show you the life of an entrepreneur. They have the ability to activate the dormant innovator that lies within each one of us.

    1. The Social Network (2010)
    2. The Pursuit of Happyness (2006)
    3. The Founder (2016)
    4. Pirates of Silicon Valley (1999)
    5. Wall Street (1987)
    6. The Godfather (1972)
    7. Steve Jobs (2015)
    8. Forrest Gump (1994)
    9. Moneyball (2011)
    10. Rocky (1976)
    11. The Aviator (2004)
    12. Guru (2007)
    13. Office Space (1999)
    14. Glengarry Glen Ross (1992)
    15. Something Ventured (2011)
    16. e-Dreams
    17. The Startup Kids (2012)
    18. Any Given Sunday (1999)
    19. The Goods: Live Hard, Sell Hard (2009)
    20. Margin Call (2011)
    21. Jerry Maguire (1996)

    1. The Social Network (2010)

    IMDb rating: 7.7/10

    The accuracy to which the movie has described the rise of the biggest social networking site is often subjected to arguments, with some of the co-founders of Facebook has raised objections. The Social Network is directed by David Fincher and written by Aaron Sorkin. This movie is based on Ben Mezrich’s 2009 book “The Accidental Billionaires“. The Social network is considered to be one of the movies that are similar to The Founder.

    On a fall night in 2003, Harvard undergraduate and computer programming genius Mark Zuckerberg began working on a new idea. In a fury of blogging and programming, what begins in his dorm room soon transforms into a global social network and a revolution in communication. But no matter what the outcome of the debate may be, the dexterity evident in the movie’s making along with widely praised background scores will definitely inspire would-be entrepreneurs to make worthwhile sacrifices and achieve great rewards.

    A popular dialogue from the movie is: The toughest tests in life don’t happen in the toughest time but after.”

    2. The Pursuit of Happyness (2006)

    IMDb rating: 8.0/10

    One of the best inspirational movies ever made is the 2006 release Pursuit of Happyness. This movie was directed by Gabriele Muccino. Watching Will Smith portray the role of Chris Gardner, a guy who is cheated, humiliated, and rejected only to become one of the best traders ever is awe-inspiring.

    The relationship with his son and his never give up attitude will compel you to get up and chase your dreams. The Pursuit of Happyness reaffirms that there is no gain without pain and difficulties only lead to a better future. Being patient and committed is the key.

    Nominated for a plethora of awards, the movie was so mesmerizing that the mayor of Chattanooga, a place in Tennessee, organized a screening of the film for the city’s homeless.

    A famous quote from the movie is: “Don’t ever let someone tell you, you can’t do something. Not even me. You got a dream, you got to protect it. People can’t do something themselves, they want to tell you you can’t do it. You want something, go get it. ”

    3. The Founder (2016)

    IMDb rating: 7.2/10

    The Founder is directed by John Lee Hancock and written by Robert Siegel. The movie has Michael Keaton play the role of Ray Kroc, a businessman. The movie follows the tale of Ray Kroc, who took two siblings’ eatery business and turned it upside down through shrewd manoeuvres.

    Moviegoers should see The Founder, not just for motivation, but to understand what it takes to survive and make a name for oneself in this world. The Founder is one of the most popular startup movies.

    A popular dialogue in the movie is: ” Nothing in the world can take place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent.”

    4. Pirates of Silicon Valley (1999)

    IMDb rating: 7.3/10

    Pirates of Silicon Valley is based on two huge tech startups that took over Silicon Valley by storm, Apple and Microsoft. It was directed by Martyn Burke and has Noah Wyle portray Steve Jobs and Anthony Michael Hall as Bill Gates. Bill Gates and Steve Jobs are inspirations for many.

    This 1999 release describes the intense rivalry between the two at the turn of the 21st century. It depicts the struggles they faced in their journey to success. An important lesson from this film is that hard work and perseverance go a long way. Pirates of Silicon Valley received great reviews and that’s another reason to sit down and enjoy this flick.

    A popular quote from the movie is: “You know how you survive? You make people need you. You survive because you make them need what you have. And then they have nowhere else to go.”

    5. Wall Street (1987)

    IMDb rating: 7.4/10

    This movie clearly depicts how people react to changes. Wall Street is about how a person changes his path to pursue something he thinks is right and shows the obstacles he has to face in his decision.

    Wall Street is directed and co-written by Oliver Stone. Starring Michael Douglas, Charlie Sheen, and Daryl Hannah, “Wall Street” is the story of a young man who is trying to find whether he will follow the good guys or the bad guys.

    A famous quote from the movie is: Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies and cuts through to the essence of the evolutionary spirit.


    Must watch Motivational Web Series for Entrepreneurs in 2021
    There are many inspirational web series that can motivate entrepreneurs in their lows. Here are Best Motivational – Business Web Series to watch.


    6. The Godfather (1972)

    IMDb rating: 9.2/10

    This movie has a lot of illegal dealings in it so we would not advise you to get into that. But the message to decipher is that little intelligence and some common sense can take you to places hitherto considered impossible.

    The Godfather is not a typical entrepreneurial movie but tells a lot about business. The Godfather is based on Mario Puzo’s novel of the same name. It is directed by Francis Ford Coppola, produced by Albert S. Ruddy, and was the highest-grossing film of 1972. The movie won the Oscars for Best Picture, Best Actor, and Best Adapted Screenplay.

    An awesome quote from the movie is: “I have learned more in the streets than in any class room.”

    7. Steve Jobs (2015)

    IMDb rating: 7.2/10

    Michael Fassbender starring Steve Jobs is based on the life of the Apple co-founder – Steve Jobs. The movie is directed by Danny Boyle and written by Aaron Sorkin. It is a biopic with three sequences – all depicting pivotal points in Steve’s life.

    He faces many problems in his personal and professional life while trying to launch three products in the market. It takes us behind the scenes of the digital revolution and paints an intimate portrait of the brilliantly talented man as its epicentre.

    It is a must-watch movie for entrepreneurs. It is inspirational in its very essence – it shows how great ideas are not born through compromise but through vision and determination.

    A famous dialogue in the movie is: “I’m not dismissing the value of higher education; I’m simply saying it comes at the expense of experience.”

    8. Forrest Gump (1994)

    IMDb rating: 8.8/10

    “Run Forest, Run!”, the movie is symbolic of how Forrest Gump, despite his handicap and adversities, turned the tide in his favour. Forrest Gump is directed by Robert Zemeckis and written by Eric Roth. It is based on the 1986 novel by Winston Groom. The movie starred Tom Hanks, Robin Wright, Gary Sinise, Mykelti Williamson, and Sally Field.

    Forrest Gump is considered a classic and has developed a large following over the years since its release in 1994. A must watch movie for entrepreneurs in times when nothing seems to work out!

    A popular quote from this theatrical marvel is: “You have to do the best with what God gave you.”

    9. Moneyball (2011)

    IMDb rating: 7.6/10

    Billy Beane is the reason behind Oakland Athletics’ meteoric rise to the top in baseball in this adaptation of Michael Lewis’s 2003 book, ‘Moneyball: The Art of Winning an Unfair Game’. The movie is directed by Bennett Miller and written by Steven Zaillian and Aaron Sorkin.

    The key takeaway from this movie is the spirit to do something different. And it is the very approach of being innovative which provides valuable lessons to innovators wanting to deviate from the rat race and make it big.

    Billy Bean had to adapt in order to survive. He had to take risks and make tough decisions to achieve good results. Circumstances and scenarios are what most startups face when they go against stiff competition from already established ventures. Moneyball showcases how success can be achieved through risk-taking and inventiveness.

    A popular quote from Moneyball is: “Hard work may not always end up in success but it will never end up in regret.”

    10. Rocky (1976)

    IMDb rating: 8.1/10

    The entire series has delivered chart-topping entertainment, starting from the first released in 1976 to the last one, Rocky Balboa, released in 2006. This movie is directed by John G. Avildsen, written by and starring Sylvester Stallone. The first part of Rocky depicts the transition of Rocky Balboa (played by Sylvester Stallone) from being an underdog to becoming famous in the sport of boxing.

    While the movie deserves applause for showing how Rocky overcame atrocities, the real-life struggles of Stallone in establishing his presence in Hollywood add further fuel to the fire, signifying that struggles in reel life are often taken from real life. It implies that movies can actually help people by providing much-needed motivation.

    A well-known quote from the movie is: “Every champion was once a contender who refused to give up.”

    11. The Aviator (2004)

    IMDb rating: 7.5/10

    Often counted in the list of most financially successful people in the world, Howard Hughes was a business magnate, film director, entrepreneur, and the holder of flying records at the same time.

    Once involved in an infamous scandal, Howard’s life was full of ups and downs but the man never gave up on his dreams. ‘The Aviator’ is based on this entrepreneur and has a lot to teach, not just for entrepreneurs but for everyone out there, be it a child or an adult. The Aviator is directed by Martin Scorsese and written by John Logan. It stars Leonardo DiCaprio as Howard Hughes.

    12. Guru (2007)

    IMDb rating: 7.7/10

    Indian movies are on par with Hollywood flicks when it comes to delivering lessons on motivation and inspiration. Guru is one such entrepreneurial movie which depicts the journey of an entrepreneur.

    The Mani Ratnam directed 2007 film portrays a villager’s journey to acme. He arrives in Bombay with his wife in the 1950s and goes on to become a business tycoon. The movie stars Abhishek Bachchan, Aishwarya Rai, R. Madhavan, Vidya Balan, Arya Babbar, and Mithun Chakraborty. It was well-received by the audience and critics alike. Guru is one of the best inspiring and motivational movies for entrepreneurs.

    A popular dialogue from Guru is: Jab log tumhare khilaaf bolne lage.. samaj lo tarakki kar rahe hon.”

    13. Office Space (1999)

    IMDb rating: 7.7/10

    If you’re among the many stuck in the monotonous, vicious cycle of a nine-to-five job, then this 1999 movie will prove to be a breath of fresh air. Office Space is written and directed by Mike Judge. The cast included Ron Livingston, Jennifer Aniston, Gary Cole, Stephen Root, David Herman, Ajay Naidu, and Diedrich Bader.

    The enthralling comedy, witty dialogues, and turn of events in the movie are a stress buster for sure. The entertainer precisely depicts the situation of employees being grinded by their bosses, and the audience will be able to relate to it.

    14. Glengarry Glen Ross (1992)

    IMDb rating: 7.7/10

    The toughest thing about sales is gaining the customer’s trust. Glengarry Glen Ross is directed by James Foley. It highlights the difficulties a group of real estate agents face during a turbulent season.

    The reason to watch this movie is to inculcate the importance of being smart to survive in the workplace. After all, hard work alone isn’t sufficient to hold on to your job. The cinematic piece is used also used as a case study.

    A famous dialogue from the movie is: If everyone thinks one thing, then I say bet the other way.”

    15. Something Ventured (2011)

    IMDb rating: 7/10

    Venture Capitalist or VC is the blood that runs in the veins of many flourishing startups; it is an imperative component from a funding standpoint, and the movie Something Ventured is about this very topic.

    Something Ventured is directed by Dayna Goldfine and Dan Geller. The 2011 documentary investigates the emergence of venture capitalism in the American setting during the mid-twentieth century.

    The culmination of stories of prominent VCs behind brands like Cisco and Apple along with archival footage makes Something Ventured informative and entertaining.

    16. e-Dreams

    IMDb rating: 6.8/10

    e-Dreams is about the founders of Kozmo. Kozmo.com is among those ventures who took advantage of the dot com bubble before falling flat. The movie is directed by Wonsuk Chin and revolves around the founder Joseph Park and Yong Kang and their journey behind Kozmo.com. Kozmo.com was an online convenience store which used bike messengers to deliver goods within an hour of the order being placed.

    17. The Startup Kids (2012)

    IMDb rating: 6.7/10

    The Startup Kids is directed by Vala Halldorsdottir and Sesselja Vilhjalmsdottir. The new crop of entrepreneurs we see today is defying the so-called age barrier. The ripple effect is that more and more billionaires are coming up and disrupting the list of richest people in the world (no matter what the magazine is).

    Startup Kids is a collection of interviews with the brains behind initiatives such as SoundCloud and Dropbox. Today’s generation would closely relate to this documentary and learn several lessons given that everyone is tech-savvy at present.

    18. Any Given Sunday (1999)

    IMDb rating: 6.9/10

    No, this isn’t some documentary but the conveyor of an important lesson for anyone planning to become an entrepreneur—the struggle is inevitable. A fictional sports drama with a star cast unparalleled, watch the movie without falling for the movie’s reviews.

    After all, the message being overshadowed by some bland elements is a frequent occurrence in movies; it’s up to the audience to uncover the teachings. Any Given Sunday is directed by Oliver Stone and depicts a fictional professional American football team.

    A popular dialogue from Any Given Sunday is: ” You find out life’s this game of inches, so is football. Because in either game, life or football, the margin for error is so small. I mean, one half a step too late or too early and you don’t quite make it. One half second too slow, too fast and you don’t quite catch it.”

    19. The Goods: Live Hard, Sell Hard (2009)

    IMDb rating: 5.8/10

    A car dealer must sell over 200 cars in a weekend. Enthralling, right? The movie demonstrates the wonders that attitude and capability can do. And both of these attributes are essential for an innovator to be successful.

    Watch this inspiring movie to bring a change within yourself! The movie is directed by Neal Brennan and produced by Adam McKay, Will Ferrell, Kevin Messick and Chris Henchy. It is written by Andy Stock and Rick Stempson.

    20. Margin Call (2011)

    IMDb rating: 7.1/10

    The 2008 financial crisis was an eye-opener for the entire world, and Margin Call is set against the same. It is written and directed by J. C. Chandor. An investment bank’s decisions over a 24-period highlight how sound reasoning and logical ability can mitigate even the most adverse of situations.

    21. Jerry Maguire (1996)

    IMDb rating: 7.3/10

    Jerry Maguire is written, produced, and directed by Cameron Crowe, and stars Tom Cruise. Rejection and backstabbers are not the challenges a person wants to face. Jerry Maguire takes the viewers through the intense hardship and adversities Tom Cruise faces as a pilot. It is based on a real-life story. A cult classic that is personally recommended!

    Conclusion

    By no means is this list finite. One can go on and on about startup movies that foment the need for change and to break free from the chains of monotony.

    FAQs

    What are some of the movies similar to The Founder?

    Some of the movies similar to the founder are,

    • The Social Network
    • Pirates of the Silicon Valley
    • Wall Street
    • Steve Jobs
    • The Inventor
    • Rocky
    • The Aviator
    • Office Space
    • Glengarry Glen Ross
    • Something Ventured
    • e-Dreams
    • The Startup Kids
    • Joy

    What are some of the best startup movies?

    Some of the best startup movies are.

    • The Founder
    • Pirates of the Silicon Valley
    • Wall Street
    • The Godfather
    • The Call of the Entrepreneur
    • Steve Jobs
    • Forrest Gump
    • Moneyball
    • The Inventor
    • Rocky
    • The Aviator
    • Office Space
    • Glengarry Glen Ross
    • Something Ventured
    • e-Dreams
    • The Startup Kids
    • Joy

    What should I watch to motivate myself?

    Some of the movies you can watch to motivate yourself are,

    • The Shawshank Redemption
    • Rocky
    • 127 Hours
    • Into The Wild
    • Schindler’s List
    • It’s A Wonderful Life
    • Freedom Writers
    • Amelie
  • 12 Interesting Facts about Apple You Never Knew Before

    Everyone is fascinated by the multimillion-dollar Apple company. The fact that no other electronics company has a fan base larger than Apple, is noteworthy. Apple is a brand, a symbol of high standard and elegance used by several pop stars. The exorbitant price tags of Apple products do not deter its customers from buying them.

    Read on to find out the hidden facts dug up from the archives of Apple’s past.

    People thought Apple sold organic products
    Steve Jobs primarily wanted the original iPhone to be used as a regular phone
    The First Apple Logo Featured Isaac Newton
    The Apple I Costed around $666.66
    Apple has a ‘No Smoking’ policy near its products
    The Name "Mac" Was Inspired by an Apple
    Apple is extremely successful
    Apple Watch was intended to be Rectangular
    Apple sold more watches in 2019 than the whole Swiss watch industry
    Apple made a $17,000 sold Gold Apple Watch
    The Name "iPod" Was Inspired By 2001: A Space Odyssey
    The First iPod Had A Secret Easter Egg
    FAQ

    People thought Apple sold organic products

    When the company had just launched, people thought the name ‘Apple’ came from founder Steve Jobs and resembles the organic product. In truth, it was only the fruit that Jobs was very fond of and named the company after that.

    Steve Jobs primarily wanted the original iPhone to be used as a regular phone

    Because of the ease of texting and social media integration, it’s not an exaggeration to say that the iPhone transformed cellphones into highly functional mini-computers. Although it may come as a surprise, the original iPhone was designed primarily as a phone.

    The absolute first Apple logo highlighted Sir Isaac Newton sitting under a tree, with an apple going to hit his head. The Newton logo was shaped by the less acknowledged Apple founder Ronald Wayne.

    Apple First Logo
    Apple First Logo

    The rainbow apple, planned by Rob Janoff, replaced Sir Isaac and was in use for a long time until the new monochromatic logo came out.

    The Apple I Costed around $666.66

    Apple’s customers aren’t deterred by its high prices. Apple PC prices have skyrocketed in recent years, causing concern among many apple buyers. Even today’s 17-inch MacBook Pro or MacBook Air are more expensive than the first Apple PC.

    Apple First Computer
    Apple First Computer

    The Apple I was evaluated at $666.66, as Steve Wozniak once clarified at a news conference, “I was into repeating digits,” he said and clarified that the discount cost to stores was $500, and adding a third to get the retail cost made it around $667, which Woz changed to every one of the one rehashing digit — $666.66 — “was only simpler to type.”

    Apple has a ‘No Smoking’ policy near its products

    Mac has a “no smoking” policy in regards to their PCs. As ludicrous as it sounds, yet if you smoke while using an Apple PC, you void the guarantee – you’ve been cautioned!. Apple has would not fix the PCs of buyers that were found to have tar soot from cigs, proclaiming it a “biohazard” to its employees.

    The Name “Mac” Was Inspired by an Apple

    Where did the name “Mac” come from? Apple representative Jef Raskin is liable for instituting the machine after his #1 assortment of apples, insightfully tying the entire natural product topic together. Mac was only a code-name.

    In any case, Raskin unmistakably knew a decent name when he generated it, as Macintosh just had a lot of strength and adhered right to the end of the product cycle.

    Apple is extremely successful

    Apple has twice the amount of cash as the U.S. Depository!. Apple is effective to such an extent that in the primary quarter of 2014, it got more cash flow than Amazon, Google, and Facebook consolidated. Around $150 billion of Apple’s excess capital is held in bank accounts. Netflix, Twitter, Tesla, and Facebook, for example, are all possible targets for acquisition by the organization.

    Apple Watch was intended to be Rectangular

    Apple Watch
    Apple Watch

    Round cases bode well for watches throughout the globe. Yet, Apple went the opposite way and made the Apple Watch rectangular. Until this point, Apple Watches have a rectangular touchscreen face with adjusted corners and a turning crown button for scrolling over.

    Apple sold more watches in 2019 than the whole Swiss watch industry

    The Apple Watch surpassed the whole Swiss watch industry in 2019, as per research firm Strategy Analytics. As indicated by the UK-based counseling firm Strategy Analytics, Apple sold 30.7 million watches in 2019, contrasted with 21.1 million sold by the Swiss Watch industry.

    Although Swiss watches are luxurious and have several buyers of their own, Apple watches have occupied a special place in the market.

    Apple made a $17,000 sold Gold Apple Watch

    Apple 18-Karat Gold Watch
    Apple 18-Karat Gold Watch

    Close by the original Apple Watch what began at $349, Apple additionally disclosed a watch evaluated at $17,000. The very good quality “Release”, was valued somewhere in the range of $10,000 and $17,000 and was produced using custom composites of rose or yellow 18-karat gold. The “Release” watch was designated at the Chinese market.

    The Name “iPod” Was Inspired By 2001: A Space Odyssey

    Sharp publicist Vinnie Chieco is acknowledged for thinking of the iPod name as a component of a new gadget. The story goes that Jobs had effectively chosen the MP3 player’s slogan was to be “1,000 tunes in your pocket,” which left naming choices open since it wouldn’t need to expressly allude to something music-related.

    The First iPod Had A Secret Easter Egg

    Apple Breakout Game
    Apple Breakout Game

    Mac’s first iPod accompanied somewhat secret — an Easter egg — as a game that could be gotten to if you knew the right blend of catches to press.

    Go to the ‘About’ menu, hold down the middle catch for around three seconds, and you’ll get a Breakout (Pong) game to play while you tune in.”

    Breakout, the secret game itself, is eminent in Apple’s set of experiences when Steve Jobs and Steve Wozniak worked together where legend has it Jobs cheated Wozniak out of thousands of dollars of bonus money.

    FAQ

    How much is Apple in debt?

    According to the Apple’s most recent financial statement, total debt of the company is at $112.04 billion, with $99.28 billion in long-term debt and $12.76 billion in current debt.

    What is Apple’s net worth?

    The total net worth of Apple is $2 Trillion in 2021.

    What is Apple’s slogan?

    Apple’s slogan is “Think Different” which is one of the most recognizable slogans of the 21st Century. The idea was first introduced in the 1997 TV commercial.

  • List of Brands Endorsed By Umesh Yadav

    Cricket is considered as a religion in India, while the cricketers are seen as their demigods. Many companies nowadays prefer sportspeople or athletes over actors and actress to endorse their brands. One cricketer that is upcoming in the advertising world is Umesh Yadav. Umesh Yadav is a popular Indian cricketer that plays for teams such as Vidarbha cricket, Indian National team and Indian Premier League (IPL) teams.

    Umesh is the country’s fastest bowler as his estimates top speed is over 152.5 km/h. Umesh Yadav initially entered cricket as a right-arm fast-medium bowler, but later was known to be an all-rounder in the Indian Cricket team. The fast bowler first made his ODI debut against Zimbabwe in 2010. In the 2015 ICC world cup, Yadav became the highest wicket-taker for India and third highest overall.

    One of best performance by him was in the semi-finals of Ranji Trophy in 2019 against Kerala’s team. Umesh Yadav has played under IPL teams such as Delhi Capitals, Kolkata Knight Riders, and even Royal Challengers Bangalore. After his powerful performances in the 2018 IPL, he was named in ESPNcricinfo’s.

    So far, his best performance was against Australia and New Zealand in the 2015 Cricket World Cup. One fun fact about Yadav is that he was offered a job of being an officer in the Reserve Bank of India after becoming popular, this fulfilled his father dream of getting a government job. Because of his many achievements Yadav has earned a top spot in terms of ranking and has become one of the richest cricketers in the world.

    The net worth of Umesh Yadav is estimated to be over $8 million in 2021. The cricketer is known to charge over Rs 20 to Rs 30 lakhs per endorsements deals. The brands endorsed by Umesh Yadav so far are GoodGamer, Manyavar, Nagpur’s Swachhata mission, Reserve Bank of India (RBI).

    GoodGamer
    Nagpur Swachhata Mission
    Manyavar
    Reserve Bank of India
    Frequently Asked Questions

    Here are the brands endorsed by Umesh Yadav

    GoodGamer

    Good Gamer Corp is a fantasy gaming and technology company that has its headquarters in Vancouver, Canada, while it has a subsidiary known as Good Gamer India Private Limited located in Bengaluru, Karnataka. GoodGamer is an upcoming daily sport and esport fantasy and real money gaming app that offer a huge variety of skill-based games.

    The target audience of the company are the cricket fans, hardcore esport gamers, and even casual mobile gamers. With GoodGamers users can build their own team for different sports, play with friends, enter tournaments and win real prize money. GoodGamer is the first Indian fantasy gaming company to offer several unique features like prop fantasy contests, player injury reports, player injury alerts, an AI based lineup optimizer, etc.

    GoodGamer signed the bowlers Umesh Yadav and Kuldeep Yadav as the endorsers for the company. The cricketers have appeared in the ad campaigns of GoodGamers and were chosen by the company in order to gain access to cricket fans amongst India’s 350 million mobile gamers.

    Nagpur Swachhata Mission

    Swachh Bharat Abhiyan is one of the most popular countrywide campaign that was started by the Government of India and launched by the Prime Minister Narendra Modi in 2014. The main mission of Swachh Bharat Abhiyan is to eradicate open defecation, manual scavenging, bringing awareness and improving solid waste management.

    The first phase of Swachh Bharat lasted till 2019 and focused on generating awareness regarding sanitation practices. While the second phase from 2020 to 2025 will focus on sustaining the open defecation free status and improving the management of solid and liquid waste. In the early years of his cricket career, Umesh Yadav became the face of the Nagpur Swachhata Mission.

    The organisation signed Umesh Yadav to be the brand ambassador for the NMC’s cleanliness campaign. According to the deal the cricketers will join in the NMC’s activities under Swachh Bharat Abhiyan. Commenting on the association Umesh Yadav said that it is great to be part of a lovely campaign, as he is proud Nagpurian and so wants to motivate youngsters and other citizens to make our city clean.


    List of Brands Endorsed By MS Dhoni
    Over the years celebrity endorsements have become an essential part of marketingfor all the big companies in India. Celebrity endorsements is a form ofadvertising campaign or a marketing strategy that uses a celebrities fame orsocial status to promote their products, brand and services to their t…


    Manyavar

    Manyavar is one of the most popular and trusted ethnic fashion brands in India. The company was originally started by Ravi Modi in 1999 and was only focused on making men’s ethnic wear. The company is now known for wedding wear, festive wear and fusion wear for men women and children.

    Manyavar currently has over 600 stores across in over 200 cities including more than 120 flagship stores and over 13 international stores in countries UAE and USA. It also has more than 4000 employees around the world. Manyavar has so far, many celebrity brand ambassador such as Virat Kohli, Anushka Sharma, Ranveer Singh, Alia Bhatt, Amitabh Bachchan, etc.

    The company also signed Umesh Yadav as an endorser for the #Manyavarwalidiwaali campaign in 2018. The cricketer can be seen having a conversation with a kid on his plan for Diwali while wearing a Manyavar kurta.

    Reserve Bank of India

    Reserve Bank of India is the country central bank and the regulatory body under the Ministry of Finance. This bank is responsible for issuing and supplying the Indian Rupee and also regulating the Indian banking system. RBI promotes economic development and was originally started its operations in 1935 under the Reserve Bank of India Act. It then was nationalized after India got its independence in 1949.

    RBI signed cricketers such as K.L. Rahul, Umesh Yadav, Shabaz Nadeem, Ishan Kishan, Deepak Hooda and Dhruv Shorey to endorse and spread awareness about topics like banking for senior citizen, savings account and also banking ombudsmen in 2019.

    These ad campaigns featuring cricketers aims on educating people on messages such as basic savings bank accounts, steps to avoid falling prey to fictitious emails, ensuring safety in digital financial transactions, etc.


    How much these Top Indian Cricketers Charge for Brand Endorsements
    Indian Cricketers have a lot of popularity among the common people in India.This popularity has given them an opportunity to earn through brandendorsements. You can read the article to know how much these top cricketerscharge for brand endorsements. In this article, we have tried to give our bes…


    Conclusion

    Umesh Yadav is one of the cricketers behind the many big victories that India has achieved in recent times. Because of his outstanding performances till date the bowler is also called as U Yadavi by his fans and friends. Bowlers is not a popular option for brand endorsements but with bowlers like Umesh Yadav have started endorsing big brands according to their preferences. In the coming times, many bowlers will be seen as the brand ambassadors of brands.

    Frequently Asked Questions

    Who is Umesh Yadav?

    Umesh Yadav is a popular Indian cricketer that plays for teams such as Vidarbha cricket, Indian National team and Indian Premier League (IPL) teams.

    What is the net worth of Umesh Yadav?

    The net of Umesh Yadav is estimated to be over $8 million in 2021.

    How much does Umesh Yadav charge for brand endorsements?

    The cricketer is known to charge over Rs 20 to Rs 30 lakhs per endorsements deals.

    What are the brands endorsed by Umesh Yadav?

    The brands endorsed by Umesh Yadav so far are GoodGamer, Manyavar, Nagpur’s Swachhata mission, Reserve Bank of India (RBI).

  • Is Even Really Disrupting The Healthcare Insurance Industry?

    The Indian insurance industry has witnessed significant progress with both life and non-life insurance growing at a CAGR of 17% and 14% respectively in the past five years, according to a BCG report. The total number of lives covered in this period has doubled from 12 crores to 23 crores.

    Although the Indian insurance market is underpenetrated as compared to the global leaders such as the United States. There is a lot of scope for growth and with the outbreak of Covid-19, there has been a major change in the perception of Indian consumers regarding the awareness of their health and the requirement of a health insurance policy.

    The Demand for the Insurtech Industry
    Insights of the Insurtech Industry
    About Even
    Is Even Really Disrupting The Healthcare Insurance Industry?

    The Demand for the Insurtech Industry

    The pandemic paranoia has led to a near 7% increase in the intent to buy insurance globally. Moreover, research by “The World Insurtech Report, 2021” by Capgemini, stated that around 50% of the customers today are willing to consider insurance coverage from a new age player (insurtech startup).

    This clearly states that the demand for the insurtech industry is rising globally and India is also witnessing the same trend. Not only from the consumer perspective, but even the investors’ are also betting more in this industry. The insurtech startups in India raised $822 million in 2021 which was 166% higher than the previous year.

    Driven by the shift in the mindsets of the people for insurance products after the pandemic, simplified processes by the digital insurance players, low premium insurance offerings and increased investors’ interest, the insurtech industry in India is expected to reach $339 Bn by 2025.

    Expected Growth of Insuretch Industry in India
    Expected Growth of Insuretch Industry in India

    Insurance Sector In India
    Here’s a brief overview of the Insurance sector in India along with its market size, industry challenges, government initiatives & future.


    Insights of the Insurtech Industry

    Insurtech industry is in the growing phase post-Covid, with the existence of more than 110 insurtech players in the country. All these players are focused on offering not only the common life insurance offerings but also non-life insurance covering health, education, vehicle and other areas.

    The focus on health insurance has risen post-pandemic with the rise in the health awareness of the people. Thus, it has been the major focus of most insurtech’s as well as healthtech startups.

    About Even

    Startup Name Even
    Founded 2020
    Founders Mayank Banerjee, Matilde Giglio, and Alessandro Davide Lalongo
    Funding Raised $5 million
    Key Investors Khosla Ventures, Founders Fund (led by Peter Thiel), Lachy Groom, Kunal Shah, and Nikesh Arora
    Business Model B2b-B2C
    Primary Competition Kenko
    User Base 40+ Users on the Waitlist

    Even, a Bengaluru-based healthtech startup, founded in April 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Davide Lalongo, is a healthcare membership company that partners directly with the top hospitals to provide fully-cashless and quality healthcare accessible to its members.

    It is currently operational only in Bengaluru. The company claims that anyone who opts for being its member can avail of unlimited consultations and diagnostics, also a hospitalisation cover of 50 lakhs annually.

    It has tied up with major hospital chains such as Fortis and Narayana Health. The company currently has 40K+ applicants on the waitlist and has plans to reach more than 1 lac users in major cities such as Delhi, Mumbai and Bengaluru.

    Covid-19 not just accelerated IPD (In-patient department) but also accelerated the demand for OPD (Out-patient department) including regular doctor consultations and check-ups not requiring hospitalisation of the patient. The OPD market is expected to reach $37.5 billion by FY2024, according to research by Praxis Global Alliance.

    Most health insurance companies usually don’t cover OPD expenses and the ones which cover it have immense paperwork and tiresome process, that’s where Even wants to position itself. It wants to bridge the gap and make healthcare easily accessible with its partner network.

    Although the company claims to be a subscription-based healthcare service provider, it compares itself with the other health insurance providers. Let us actually compare its offering with other insurance providers and see how better it is than theirs. Let’s look at the table below to understand how Even fairs compared to other insurance providers.

    Even Vs Other Insurance Providers: Which Is Better?

    Parameters Even Other Insurance Companies
    OPD Yes Yes
    Price High Low
    Starts from Day1 Yes No
    Exclusion of Existing Disease Yes Yes
    Cashless Yes Yes
    Hospital Network 21+ 2k-16k
    Initial Waiting Period 0 Days 30 Days
    Co-Pay 0 10-30%
    Age Limit 0-64 years 5-80 years
    Minimum Term 3 months NA
    Cover 50 Lakh a year 5 Lakhs a year

    Is Even Really Disrupting The Healthcare Insurance Industry?

    It is clearly evident from the comparison table that Even is offering sort of similar or even fewer benefits as compared to health insurance at a higher price. Not only this, it excludes a lot of benefits in its membership which are otherwise included in the other health insurance companies such as Maternity care, Home health care, and AYUSH treatment.

    When we reached out to the customer care executive of Even, they themselves were not clear about what is included and excluded in the membership and had to reconfirm with other team members.

    The major issue with Even is that it currently has a very small partner hospital network of only 21 hospitals so the benefits of the membership can only be availed in those hospitals and although it claims that it can make possible the out of network emergency care (emergency care for members if they are outside Bengaluru), how much of it is actually possible still remains a question.

    Although there is immense potential in the insurtech industry and hence, a lot of players are entering the market since public money and health is involved in it, these players will remain under the regulator’s purview. There are chances that a lot of such players may run into conflict with IRDAI (Insurance Regulatory and Development Authority Of India) rules.

    Even has a clinical establishment licence from Karnataka Government, it has partnered with Cholamandalam MS General Insurance to offer a hospitalisation expense coverage ranging from ₹5 Lacs to up to ₹50 Lacs in its premium (Even Plus) plan which comes under the group policy with the insurer.

    Thus, we see that Even and other such health subscription startups buy group health plans from the insurer and onboard retail users and add them later as policy members. Thus, the insurer is underwriting the company and later underwrites the retail customer, but if in case the company faces any issue, the customer may not have anyone to go to for claiming its subscription.

    Conclusion

    Even though the model of health subscription is aimed to ease the process for the customers and seems intriguing, it is yet to be discovered how these subscription-based healthcare startups such as Even will sustain in the long term given the ambiguity in the regulations and highly unorganised nature of OPD market in the country which may lead to the higher risks of frauds for them.

    FAQs

    What is Even?

    Even is a healthcare startup that provides cashless and unlimited OPD insurance health cover.

    Who are the founders of Even?

    Even was founded by Mayank Banerjee, Matilde Giglio, and Alessandro Davide Ialongo.

    Which health insurance has the highest hospital network?

    Care Health Insurance Limited has the highest hospital network. It has more than 16,500 network hospitals across India.

  • Billionaires Got Richer During Pandemic

    The worldwide COVID-19 pandemic may have pushed the world economy into a chaotic situation, with 2020 and 2021 projected to be worse than any of the years since the global financial crisis. However, billionaires, in the selected group of countries, have seen their financial situation improve during the phase of the pandemic, which has been financially painful for most people around the world.

    According to a US report, Billionaires have doubled their wealth in the pandemic. Their wealth sees more growth during Covid-19 than in the last 14 years. The total wealth for billionaires stood at around $5 trillion and it is the biggest surge since forever.

    The Billionaire Trend
    Billionaires in India
    Billionaires Who Got Richer

    The Billionaire Trend

    The sharp surge in the wealth of the richest Americans is being driven by the bounceback of the stock market in the US, primarily driven by the unprecedented action from the US Federal Reserve. Despite the surge in US Covid-19 cases and the record 43 million Americans filing for unemployment benefits, the country had hovered at record highs.

    Investors have been buying equities, with Big Tech companies and those linked to healthcare such as Big Pharma and hospital stocks among the major beneficiaries as the US Fed’s emergency responded to the crisis by cutting interest rates to 0% and undertaking to buy unlimited amounts of bond translated into assets such as stocks, despite being risky investments, seeing fresh demand.

    During the pandemic crisis, Amazon shares surged nearly 50% while Facebook recovered from the troughs that it hit in the month of March to record highs. Bezos, Facebook founder’s net worth surged over $30 billion since March 18.

    A recent study calculated billionaire wealth using data provided by the Forbes Global Billionaires List, an actual assessment of net worth. March 18, 2020, is used as the starting date as it roughly corresponds with the time when the US Government began imposing lockdown restrictions.

    At a time of enormous economic pain and suffering, we have a fundamental choice to make. We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer. Or we can tax the winnings a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans,” the US Senator Bernie Sanders said.

    Billionaires in India

    In India, Mukesh Ambani’s net worth rose to nearly $79.3 billion, calculated on August 10, 2020, making him the fourth richest person in the world. Ambani’s wealth rose by $22 billion in 2020. He slowly shifted his focus to e-commerce, with tech giants seeking to buy a piece of India’s fastest-growing digital market.

    On the other hand, his conglomerate Reliance Industries was slammed by a decrease in demand for oil amid COVID-19, its share price has more than doubled from the low in March as its digital unit got billions in investments from companies including Facebook and Google.

    Major Indian pharma companies’ Share prices were on fire amidst the raging pandemic. Pharma tycoons like of companies like Sun Pharma, Dr Reddy’s Laboratories, Aurobindo Pharma, Divi’s Laboratories, Cipla etc. have doubled their net worth during the crisis. The wealth of Sunil Mittal and Gautam Adani of Adani Group has also grown largely.

    There is a severe wealth level of financial inequality, which exists in India, and the fact that during the pandemic that inequality has become much worse. The extraordinary wealth gains that billionaires have earned during the pandemic come at a time when COVID-19 pandemic may double the poverty in India.

    Billionaires Who Got Richer

    Some of the Worldwide Billionaires who have grown richer and richer even during the Pandemic, they have never ceased to grow and surprise their onlookers.

    Billionaires who got rich in pandemic

    Steve Ballmer

    The former Microsoft CEO Steve Ballmer’s net worth has increased tremendously during the pandemic. The tech billionaire had donated around $28 million to coronavirus charities in the month of August. The initial net worth was $52.7 billion and the amount gained was $18.5 billion, summing up the total end net worth $71.2 billion.

    Ma Huateng

    Chinese advanced technology billionaire Ma Huateng’s wealth has increased by 53.5% during the pandemic. The beginning net worth was $38.1 billion, it rose to end net worth of $58.5 billion with total amount gained $20.4 billion.


    Mark Zuckerberg- The Founder and CEO of Facebook
    Mark Zuckerberg is famous for Facebook. He was one of the youngest self-madebillionaire just at the age of 23. This year in the month of August, he cameunder the centibillionaire list. He’s an American media magnate, internetbusinessman, and philanthropist. He serves as Facebook’s president, chie…


    Mark Zuckerberg

    A giant tech company called Facebook, its Founder and CEO Mark Zuckerberg became 77% richer during the pandemic. He donated $180 million to coronavirus charities as of August in 2020, a drop in the bucket for the tech billionaire. The initial net worth was $54.7 billion, which turned into a net worth of $96.8 billion. Gaining a huge amount of $42.1 billion.

    Mukesh Ambani

    The net worth of the Indian billionaire, Mukesh Ambani has increased to around $48.4 billion during the pandemic. He donated $68.32 million of the amount and 0.09% of his total net worth to coronavirus causes. The beginning net worth was $36.8 billion, it became the total sum of $85.2 billion. It makes the gained amount as $48.4 billion.

    Jeff Bezos

    Currently, the richest man in the world, Jeff Bezos, has made most of his profits during the pandemic through his e-commerce site called Amazon. Bezos gave nearly 64.3% of his total net worth to coronavirus causes, which amounts to $127 million worth of donations. The beginning net worth stood at $113 billion and the latest net worth was $185.6 billion, gaining the amount of $72.6 billion.

    Conclusion

    The worldwide billionaires did extremely well during the global pandemic crisis, growing their already-huge fortunes to a new level. Millions and millions of citizens faced great economic desperation, the already rich Billionaires became richer all this while.

    FAQs

    Who is the richest man in the world?

    Elon Musk is currently the richest person in the world with his net worth of $219 billion.

    Has billionaires beme richer in pandemic?

    Billionaires has increased their wealth duric pandemic.

  • Traditional Business V/S Digital Business and Types of Business Models Used

    This post discusses the differences between traditional businesses and digital businesses. It also talks about the types of business models that come under these two forms of businesses.

    Managing a business is both challenging and interesting. It’s not like your 9-5 government job where one reaches the office at or before a particular time, does some mundane tasks, and then wraps up for the day at a fixed time. With business, everything takes a different turn. Inherent risks and the constant need to pacify customer requirements float in the business owners’ minds.

    A traditional business setup has a physical presence, and it serves people locally by providing services or products through brick-and-mortar stores. In case of a digital business setup, people sitting in any corner of the world can scroll through the web and avail the company’s services and products.

    What is Traditional Business?
    Types Of Traditional Business Models
    What is Digital Business?
    Types Of Digital Business Models
    Traditional Business V/S Digital Business

    Difference between Traditional Vs Digital Business

    What is Traditional Business?

    Organizations such as restaurants, agencies, and anything resembling an office-setup fall in this category. Traditional business-oriented organizations usually sell products or services through stores.

    A traditional business serves customers in exchange for monetary compensation. It works on CAPEX and OPEX. While such organizations focus on profit generation, a few of them—non-profit organizations—work for customers without expecting profits.

    Types Of Traditional Business Models

    Various types of business models used in traditional business are:

    Manufacturer

    The manufacturer business model utilizes raw materials to create products that are then sold in the market. This type of business model involves the assembly of pre-manufactured items. The products are either directly sold to the customers in what’s known as B2C model (business to customer), or to another business unit in the form of B2B model (business to business). Automobile manufacturers are an example of B2C model, and wholesalers follow the B2B model.

    Distributor

    A company in the distributor business model buys products directly from the manufacturer. The company then sells the procured products to consumers or retailers.

    Retailer

    A company following the retailer business model purchases products from the wholesaler/distributor. It then sells the inventory to the public. Brick-and-mortar stores fall in this category.

    Franchise

    In this setup, the company buys the franchise of a very successful brand and promotes the brand’s services/products to the general public. The franchise segment is a popular way to build awareness across geographies.

    Traditional And Digital Business Model 

    What is Digital Business?

    Digital business is the modern form of business, a significant deviation from the established norm. This model leverages technology for value creation & addition, thereby giving an entirely different customer experience.

    The umbrella term includes both digital-only brands as well as traditional businesses that use modern-day innovations. Prominent examples of digital businesses are Uber, the cab-owning service which allows the user to book cabs online, Disney+Hotstar, and Netflix (video streaming service).

    Types Of Digital Business Models

    Types of the business model used in digital business are:

    Basic

    Small businesses fall in this category. With a small presence on digital platforms, such ventures rely on traditional marketing methods like direct mail and print advertising.

    Intermediate

    A level where small businesses employ tools like websites with basic functionality; these sites don’t have e-commerce or mobile rendering capabilities. Other factors like listing in online directories and third-party marketplaces play a major part here.

    Advanced

    Advanced websites with mobile app versions or e-commerce abilities are used by digital businesses in this category. The reliance on Social media engagement is quite significant. Video conferencing, SAAS apps, etc. are part of the toolkit.

    This model is the epitome of digital business. Such ventures have high social media visibility, have little or no physical presence (as in brick-and-mortar stores), and engage with customers extensively through the internet.

    Traditional Business V/S Digital Business

    Traditional Vs Digital Business
    Traditional v/s Digital Business

    There are various differences between traditional business and digital business which are listed below:

    • The traditional business model requires more capital than its digital counterpart. The former needs place, furniture, transport, staff, and other utilities. Digital businesses are cost-effective in this aspect.
    • A business unit following the digital approach is convenient for customers in terms of the flexibility offered in the variety and cost of products (consider Amazon’s extensive product catalog). In the traditional setup, rigidity is a major issue. As a result, consumers are now inclined towards shopping online.
    • The digital business model is yet to achieve perfection when it comes to real-time customer experience. For example, you can’t try a mobile phone before purchasing it from Amazon. You rely on customer reviews and the specifications listed on the website. This obstacle is overcome in the traditional business model.
    • Online businesses tend to have a larger digital market spend than their old-school counterparts. Traditional businesses diversify marketing strategies to attract customers from both local areas and online demographics. But their reach is relatively restricted to digital businesses.
    • Digital businesses work 24/7 and overcome both geographical and timing barriers. You can carry out online purchases in the middle of the night from anywhere in the world.
    • Organizations based on the traditional business model have restrictions on when and where they function. Timings are rigid and customer service isn’t flexible either. There are exceptions where few traditional business operates 24/7, but those are limited in numbers and function in select locations only.

    FAQs

    What is the difference between traditional business and digital business?

    A traditional business setup has a physical presence, and it serves people locally by providing services or products through brick-and-mortar stores. In the case of a digital business setup, people sitting in any corner of the world can scroll through the web and avail the company’s services and products.

    Why is online business better than traditional business?

    Digital businesses work 24/7 and overcome both geographical and timing barriers. You can carry out online purchases in the middle of the night from anywhere in the world. Traditional business has restrictions on when and where they function.

    What is traditional business?

    Organizations such as restaurants, agencies, and anything resembling an office-setup fall in this category. Traditional business-oriented organizations usually sell products or services through stores.

    What are traditional business models?

    Types of Traditional Business Models:

    • Manufacturer: The manufacturer business model utilizes raw materials to create products that are then sold in the market. This type of business model involves the assembly of pre-manufactured items.
    • Distributor: A company in the distributor business model buys products directly from the manufacturer.
    • Retailer: A company following the retailer business model purchases products from the wholesaler/distributor. It then sells the inventory to the public. Brick-and-mortar stores fall in this category.
    • Franchise: In this setup, the company buys the franchise of a very successful brand and promotes the brand’s services/products to the general public. The franchise segment is a popular way to build awareness across geographies.

    What is the difference between traditional and non-traditional business?

    The major difference between traditional and non-traditional business are:

    Traditional

    Standalone stores, retail spaces in malls, and any other type of place that houses a usual location for a given franchise fall under the category of traditional businesses.

    Non-Traditional

    Non-traditional businesses conduct most of their operations over the internet. They might have a few physical stores but these are generally for resolving customer issues and function as a point-of-contact.

    What are the types of ECommerce Business models?

    Four Traditional Types of Ecommerce Business Models are:

    • B2C – Business to consumer
    • B2B – Business to business
    • C2B – Consumer to business
    • C2C – Consumer to consumer
  • An Easy Guide For YouTube Video Creation

    With the availability of advanced technology along with the introduction of new tools, platforms like Google, YouTube, Facebook, etc. have extended to enter the list of day-to-day activities.

    After the horrific experience of the pandemic, life is getting on track for each individual at a slow pace. Now, people are much more attracted to following their passion unlike earlier.

    Similar to the passion that many social media influencers follow nowadays, there is a different targeted audience for YouTube content creators.

    YouTube now no longer bears the tag of getting used in free time to have some entertainment. Instead, it has become a prime source of sharing and seeking knowledge. It provides information on a wide range of topics such as learning videos for students, cooking videos shared by professionals, facts shared by subject experts, and many other topics.

    YouTube has seen a great increment in its viewership with the recorded status of having two billion active users monthly with 30 million daily users recorded and stated by YouTube press.

    Graphic Representation Of YouTube User Engagement Per Year
    Graphic Representation Of YouTube User Engagement Per Year

    Many creators enter the space but get stuck in the prime challenge of creating YouTube videos. Given below is the complete guide for the creation of YouTube videos.

    Getting Familiar With The Topic
    Setting The Limits
    Selection of A Title
    Optimizing The Work
    Dealing With The Resources
    Plan, Set, Hit
    Last Minute Touch-up
    Uploading The Video

    Steps Essential In Making Of Video Are:
    Steps Involved In The Creation Of YouTube Video: (A) Planning; (B) Keyword Research For Optimization Of The Video; (C) Setting The Resources In Place; (D) Filming The Video; (E) Uploading Final Work.
    Steps Involved In The Creation Of YouTube Video: (A) Planning; (B) Keyword Research For Optimization Of The Video; (C) Setting The Resources In Place; (D) Filming The Video; (E) Uploading Final Work.

    Getting Familiar With The Topic

    The first step one needs to follow for the creation of anything is to get familiar with it. For the creation of a YouTube video, one might need to get familiar with the thing they are going to talk about. The process for the same can include going through multiple similar videos created by popular channels. It also includes the decision for coverage of topics and subtopics in the video and collecting their information from video and non-video ways.

    Setting The Limits

    After getting familiar with the context, the next step is to create limits for the knowledge to be shared. This is essential to make a video informative and understandable. Setting limits not only include the knowledge restriction, but it also covers the target audience and their needs. Limits can be applied only after knowing the target audience. Hence, one must be clear with their audience type and the amount of information to be covered for their use.

    For example, a video created on the human body for the fifth standard kid will not include heavy medical terms in it.

    Selection of A Title

    The title might seem like a simple phrase but it holds the power of attracting audiences to the video. Hence, it is very essential for every video creator to give their work an enticing title. The title is like an introductory phrase that gives slight information about covered topics. For the purpose of creating eye-catching titles, there are multiple title generators available on the web to take help from if required. Some of them are Title Generator By TweakYourBiz, Content Row, Blogabout Title Generator, etc.

    Optimizing The Work

    Optimization is an essential part of developing content. It helps to promote and understand the global ranking with a search inlet. YouTube video optimization mainly deals with the views one particular video has reached and its rank on the search engine. Video Optimisation is essential for getting a higher engagement rank. These can be achieved by using trendy keywords and giving specific attention to keywords used in the title, description, tag, and thumbnail of a video. Some of the popular software providing optimization tools for YouTube videos are TubeBuddy, VidIQ, Google Trends, etc.

    Dealing With The Resources

    Not the same equipment can be used for making different videos. Few videos require a different setup. Hence, selecting the right choice of equipment is an important factor to create good quality videos. There can be a number of options to select from for both the hardware and software. Hardware parts for video creation include objects like a camera, light, tripod, microphone, storage, etc. Software resources for video creation include multiple software helping in the easy manipulation of video. Some of the popular video editing software available on the web are Shortcut, Adobe Premiere Pro CC, Lightworks, etc.

    Key Equipment For YouTubers That Are Must-have
    If you are planning to open up your own YouTube channel, then the equipment for YouTubers are important for making a kick start. Check them out!

    Plan, Set, Hit

    One must create a good and engaging script for the video as per the decided topic. Once the script is planned, the next is to create a set for filming the video. After the whole process, one can easily start filming their video as per the script prepared.

    6 Deadly Mistakes People Tend to Make During an Explainer Video
    Are you not able to create effective explainer videos for your business? Check Out this post to know how to make explainer videos and some key explainer video tips.

    Last Minute Touch-up

    After the whole work of optimization and recording, the last thing to do is edit a video. This needs to be done with the help of a few available software for better visualization of video. Editing can also mean adding audio in a particular segment of the video, synchronizing the audio, cutting out bloopers, etc. Some of the best software for YouTube video creation are Adobe, Canva, Biteable, etc.

    Uploading The Video

    Once the video is finalized with all changes and is fully prepared for sharing on the channel. One just needs to visit their channel and select the option of “upload” on the screen. With the option given there, the creator should select the needed file from the folder for uploading it on YouTube.

    Conclusion

    YouTube is a deep mine of knowledge on a wide range of topics. It has multiple videos available on a wide range of topics. There are various YouTubers working out to create different videos. The easy guide for creating a YouTube video is shared in the above text with the names of suggestable tools to be used for making a YouTube video.

    FAQs

    Some of the most popular YouTube Channels in the world are T-Series, Cocomelon, PewDiePie, etc.

    Can we make a YouTube video by using just a Mobile?

    Yes, YouTube videos can be created by using mobile phones. There are multiple applications available for the help of creating and editing videos on mobile.

    Can a YouTube video be used for the promotion of a brand?

    YouTube videos can also be created with the purpose of promoting a brand. The video content can easily be modified as per the purpose of the video.

    What is the best way of earning by YouTube video?

    Adding advertisements to the videos is the best way to earn money through YouTube.

  • Hike – The Journey of the Indian Messaging App and How it is Building a Web3 Gaming Platform?

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

    Development in the communication sector has been fast and amazing. From letters to landline phones; from pagers to smartphones, we have come a long way. And now, one of the most loved ways of communicating is messaging apps, which are making communication not just easy but fun too!

    Speaking of the most trending messaging apps, one name that we won’t afford to miss is the Hike Messenger app owned by Kavin Bharti Mittal. With over 100 million users, this homegrown messaging app of India has given fair competition to WhatsApp, the world’s most preferred messenger app. Founded by Kavin Bharti Mittal in 2012, Hike Messenger was once a billion-dollar startup. However, it failed to capitalise on the headstart it received, and slackened down through the years ultimately to be shut down.

    Hike Messenger is Officially Shut down and has been removed from Google Play Store and Apple App Store. However, the company still exists. Yes, though Hike has been shutdown as a messenger, the company has not stopped altogether. It is currently aiming to build a web3 gaming platform (Rush Gaming Universe), and might also successfully pivot. Of its messaging platform, the Hike Stickers can still be used though on other platforms like Signal, Whatsapp, and Telegram by downloading “Stickers by Hike”.

    The company has constantly looked for monetisation plans through which it would be benefitted and had also pivoted on numerous occasions, but it failed on most occasions. The Hike messenger app certainly failed with the tough competition it got from Whatsapp. However, there was one occasion where it tried to create a super app, it focused on Hike Sticker Chat, it turned the way of gateway for microtransactions with HikeLand, and has finally decided to launch Vibe and Rush in 2021, with a complete focus on multiplying the app revenues.

    Read on to know more about this successful Indian startup, its founder, startup story, business and revenue model, its current revenues, competitors, funding and investors, growth, acquisitions, future plans and more.

    Hike Messenger – Company Highlights

    Startup Name Hike Messenger
    Headquarter New Delhi
    Founder/Owner Kavin Bharti Mittal
    Sector Messaging App
    Founded 2012
    Funding $261 Million
    Revenue $1.5 mn (Rs 11.9 crore in FY20)
    Parent Organization Hike Private Limited
    Website hike.in

    Hike Messenger Officially Shuts Down (Latest News)
    Hike Messenger – About
    Hike Messenger – Founder
    Hike Messenger – Startup Story | How it started
    Hike Messenger – Name, Tagline and Logo
    Hike Messenger – Business and Revenue Model
    Hike Messenger – User Acquisition
    Hike Messenger – Competitors
    Hike Messenger – Funding and Investors
    Hike Messenger – Growth and Revenue
    Hike Messenger – Acquisitions and Investments
    Hike Messenger – Future Plans


    Hike Messenger Officially Shuts Down (Latest News)

    Hike shut down its messaging service, by shifting its focus to two new social products—Rush and Vibe. It was rebranded as Hike Sticker Chat with a sticker-centric experience in April 2019


    On January 6, 2021, Hike informed its users that it will be shutting down its messenger and was given a deadline till January 14 to migrate their data.

    Kavin Mittal didn’t give a reason for shutting down the service, Mittal tweeted that global network effects are too strong for India to have its own messenger.


    Hike Messenger – About

    Hike is an Indian app and essentially is a cool messaging platform for chatting with funky and killer stickers that came in to innovate the messaging world. Hike, founded in 2012 by Kavin Bharti Mittal, was the first messaging and social technology company made in India. Some of the features of Hike are:

    1. Two-way option: This option on Hike enables the users to add or accept the contacts before messaging and also the application has security measures that allow the users to prevent messages from strangers.
    2. Offline messages: The users can receive message notifications even when the mobile data is disabled.
    3. Free SMS: Hike messenger allows its users to send free SMS to any given number.
    4. Theme-based interface: The whole idea of Hike is having conversations using some interesting graphic mediums like reaction stickers etc.

    Hike Messenger introduced HikeLand

    Tencent-backed Hike Messenger has introduced a new offering called HikeLand which is a mobile virtual world where people can participate in many activities. HikeLand allows users to hang out with their friends and watch videos together in a virtual environment. The move has come when sharing experiences via social networks has strengthened due to people staying at homes.

    The early preview of HikeLand includes two shared experiences – ‘Home’ and ‘Big Screen’.

    It explained that the home screen will be only for the user themselves, more like a private space. In this mode, users can watch YouTube videos and talk about it with another user. There will be eight themes to choose from and the home screen can be customized depending on the likes of the user. No one who is uninvited can enter this room.

    The Big screen, on the other hand, is unlike Home and is more open. Hike’s Big Screen allows users to watch videos with other people. To start with, Big Screen is currently powered by YouTube and would be running shows 24×7 around comedy, sports, and others. Users that enjoy similar content can be a part of it. While viewing the show/video of choice, users can find out more about others watching the same content through their profiles and even message them.

    “With advancements in technology, so much is possible today that wasn’t even just a few years ago. The world has evolved, it’s time for social products as well. With HikeLand, we’re launching the world’s first mobile-first Virtual World. A brand new take on how people can hangout online, transcending beyond the limitations of the offline world”, Hike founder and CEO Kavin Bharti Mittal said.

    The company said HikeLand is a homegrown product that has been built from the ground up keeping India in mind.

    “It is an India-first product built for a mobile-first/mobile-only audience. Leveraging diversity of art skills and resources, HikeLand also brought together a design team of not only UI (user interface) and UX (user experience) but also fashion, art, and 3D artists”, it added.

    Rush Gaming Universe

    Hike introduced Rush Avatar. It would be debuting with Rush Avatar, which is planned to stand as an NFT and digital identity for the Rush users, thereby moving the Rush Gaming Universe to the blockchain on February 28, 2022.

    The Rush Avatar NFTs would be offered by Hike for free to the most active members of its community, where the rarest editions would go to the most active members. Furthermore, it has also been decided that 10% of the Launch Edition’s supply would be further used for future community giveaways, NFT sales, and partnerships.

    The messenger app company has previously tried to pivot via a super app business, where Hike planned to integrate the digital wallet, ticketbooking and ecommerce services into the app. However, this didn’t pay off well for the company, which is why it ended the same idea in 2019. hike then tried to run its Hike Sticker Chat, focusing on it largely, but even this didn’t materialize profitably for the company, and was shuttered in January 2021. HikeLand was the next venture that it tried, where Hike turned into a gateway for microtransactions, and in-app spending.

    Launched in June 2020, HikeLand saw a good traction right form its testing days, where the users spent a minimum of 50 minutes in the app on an average. This is why the HikeLand idea was again integrated into Vibe and Rush. Hike launched Vibe and Rush in 2021, where:

    • Vibe is a rebranded version of HikeLand and offers interactive social media experiences to the customers.
    • Rush is a mini-games platform by Hike, which would offer the users casual gaming experiences that will include microtransactions.

    Hike also has HikeMoji, which extends animated avatars for the users, and will further be incorporated into Vibe and Rush.

    “With Vibe & Rush, we now have 2 Virtual Worlds that focus on a single ‘Job to be Done’ each thus simplifying the UX. A much better approach for today’s world that is unconstrained by cheap, fast data & powerful smartphones,” tweeted Mittal recently.


    Best Indian Messaging Apps You Can Turn To – StartupTalky
    The growth of messaging apps has been growing faster. Messaging apps make peoplestay connected no matter wherever you are. Indian Government has decided to goon their mission “vocal for local”. The recent announcement by WhatsApp statingthe change in its data sharing policy with Facebook has anno…


    Hike Messenger – Founder

    Kavin Bharti Mittal is the founder and CEO of Indian instant messaging app Hike, and also the son of business tycoon Bharti Mittal.

    Founder/Owner Hike
    Kavin Bharti Mittal Founder & CEO, Hike

    Before he started his venture, the founder of hike was studying Electronics and Electrical Engineering at the University of New York and then went on to Imperial College in London to study further. He first joined McLaren Racing as an Associate Vehicle Engineer Intern, after which he joined as an Associate Technology Manager at Google. Then it was Goldman Sachs that Mittal joined as Summer Analyst before founding Hike, where he is still serving as the Co-founder and CEO.


    Kavin Mittal: Hike Put India On The Social Media Map
    Social media is a platform dominated by various countries. The most prominentones are based out of the United States, with China at second. However, we’veseen a thing or two from the Indian sub-continent as well. Hike is the mostpopular one amongst the few Indian startups that have left a dent on…


    Hike Messenger – Startup Story | How it started

    All of this was based on a basic insight to make the messaging module a little bit more interesting, and right when the world was busy chatting on Whatsapp and Facebook, Kavin, owner of the hike app, thought of coming up with a trendy and cool way of messaging. This is why Hike was launched on 12-12-12. It’s quite interesting that this application was made available in more than 100 countries ever since its launch.

    Hike 4.0 launched on 26 August 2015 with the tagline ‘Got a Gang? Get on Hike’

    Hike Logo

    Hike ran a full fledged marketing and brand campaign across TV, radio, and Cinemas. The tagline for one of their TV ad was “Hike up your life” to convince youth to download the Hike app.

    Hike Messenger – Business and Revenue Model

    Hike Messenger believed in providing the users with an interactive social media chatting app that helped them to communicate and make their communication interesting via an amusing set of stickers. It later went on to build a virtual economy business model.

    Hike’s operational revenues were disclosed to be Rs 13K in FY20, while its total revenues stood at Rs 11.9 cr during the same fiscal. Almost all of its revenue came from sources other than the operations of the company, which includes the interest income on fixed deposits, current investments and more. There was around 55% decline in the Hike revenues from FY19, where the messenger picked up revenues close to Rs 26.4 cr and around a 70% decline from Rs 39.6 cr revenues, which it pulled off in FY18.  

    Hike Messenger – User Acquisition

    Operating in multiple countries can be a tedious task but Hike kept the users glued to the app using multiple marketing methods.

    Following that, in August 2013, Hike launched its first-ever digital campaign which ran under the banner “keep your friends close”. The advertisement was a big hit and the users took it very well. Kavin knew that the key to any successful business is customer satisfaction. Hence the team started taking in real-time feedback from the users for further and better development of the product.

    What also worked well for Hike was their tie-up with Airtel. They ran a scheme that if the user had an Airtel postpaid connection in India, they would be given free data for three months for using Hike Messenger. This campaign gave Hike the needed hike in their consumer base.

    Hike also tied up with various brands like Dominos, CCD, Pizza Hut for discount coupons. This intrigued the actual customers and brought potential customers on board. With all these creative marketing strategies, Hike gained a base of 15 million loyal customers in just one year of inception.

    Hike Messenger – Competitors

    Hike Messenger competes with messaging platforms like WhatsApp, WeChat, Signal, Viber, and Telegram. All these platforms have a great market standing and each has its own set of user bases. Though Hike provides a unique kind of interface, it still faces cut-throat competition from these platforms.


    WhatsApp vs Signal Messenger: Why you Should Use Signal Over WhatsApp
    Messaging applications have been an integral part of smartphones since theyfirst hit the market. From SMS to Hike messenger, Smartphone users have had theprivilege to choose from a number of different chatting applications, and thoughWhatsApp has been the more popular choice, this has lead to a m…


    Hike Messenger – Funding and Investors

    Hike has raised over $261M in funding over 7 rounds. Their last funding was raised on Aug 24, 2021 from a Venture round led by Justin Mateen and Sean Rad. The round further saw participation from Kunal Shah, Binny Bansal, Softbank Vision Fund CEO Rajeev Mishra and others. Hike hasn’t disclosed the amount yet. After this, Hike recently received an undisclosed amount of funding from Jump Crypto, Tribe Capital and Republic Crypto, which came on May 6, 2022, and is reported to be utilised for its web3 gaming platform, Rush Gaming Universe (RGU). Developing RGU’s product strategy and hiring new talents across verticals would be the sole aim of the funding that Hike received via this Venture round.  

    The recent funds, according to the company, will be utilized to hire skilled employees across a wide range of sectors in order to improve the product strategy of Hike.

    Date Stage Amount Investors
    May 6, 2022 Venture Round
    August 24 2021 Corporate Round Sean Rad, Justin Mateen
    August 16, 2016 Series D $175M Foxconn Technology Group, Tencent Holdings
    January 11, 2016 Venture Round
    August 26, 2014 Series C $65M Tiger Global Management
    March 31, 2014 Series B $14M Bharti Soft Bank
    April 25, 2013 Series A $7M Bharti Soft Bank

    Hike was launched in 2012 and soon after in the next year they raised $7 million from Bharti, SoftBank and others. This funding went straight into launching the most popular USP of the app – STICKERS to increase their customer engagement. In March 2014, Hike raised $14 Million from Bharti SoftBank, and put this money into more innovative features on the application, soon Hike crossed the 20 Million user mark. In August 2014, Hike again raised $65 Million from Tiger Global.

    In January 2016, Hike raised an undisclosed amount in a venture round. Again, in August 2016, Hike raised around $175 million led by Tencent and Foxconn Technology Group in a Series D round. With this latest round of funding, the startup was valued at $1.4 billion and achieved the “unicorn” status. However, its valuation decreased eventually and it lost its unicorn valuation.


    Privacy Focused Messaging Apps you should use in 2021
    We all have private discussions, yeah, private! If it’s an embarrassing story, abureau gossip, or opening your emotions, and the last thing you expect issomeone to see or use your messages to serve your ads. You can leave anythingexposed unless you use an encrypted chat program. As per the most …


    Hike Messenger – Growth and Revenue

    • In just one year of its launch, Hike was rated #1 App on Android Playstore, iOS Appstore, and Windows Store and had a customer base of 15 million.
    • In 7 years, more than 35 million user base out of which 60% of the base is in India and the rest is in Germany, the Middle East, and other countries around the globe.

    The Hike Messenger revenues dropped significantly in FY20, which was valued at Rs 11.9 cr lately in FY20. Along with its revenues, the company also witnessed a decline of its operational income, expenses and losses throughout the years.

    Hike Operational Revenue Decline

    Years Hike Operational Revenue
    FY20 Rs 13K
    FY19 Rs 3.5 lakhs
    FY18 Rs 51 lakhs

    Hike Expenses Decline

    Hike’s expenses and losses also dropped. However, this was rather due to the decline of its operations rather than its business growth. The company’s total expenses were noted to be Rs 193 crore in FY20, which is 16% and 56% lower than the previous years, FY19, FY18 respectively. The losses of Hike also declined at the rate of 12% YOY.

    Years Hike Expenses
    FY20 Rs 193 cr
    FY19 Rs 232 cr
    FY18 Rs 439.2 cr

    Hike Losses Decline

    Years Hike Losses
    FY20 Rs 181 cr
    FY19 Rs 205.8 cr
    FY18 Rs 399.5 cr

    The company spent around Rs 193 cr in FY20, which was 16% lower that what it expended in FY19, and around 56% lower than what it spent in FY18.  

    Hike Expenses Breakdown

    Hike Expenses Verticals FY20 FY19
    Employee benefits Rs 81.7 cr Rs 109.3 cr
    Server cost Rs 31.8 cr Rs 33.6 cr
    Marketing expenses Rs 23.4 cr Rs 24.1 cr
    In app costs Rs 6.6 cr Rs 4 cr
    Facility expenses Rs 4.3 cr Rs 4.7 cr
    Video usage expenses Rs 5.3 cr Rs 7.5 cr

    The most interesting fact is that Hike was once valued at around $1.4 bn, and was also known as one of the fastest growing unicorn then, while it failed to generate any operational revenues back then.  


    Best Tools for Sending Bulk Messages on WhatsApp Business
    WhatsApp has been one of the leading chat and messaging applicationsirrespective of region, language, or any other geographic factor out there.Lately, WhatsApp has rolled out many new features and updates regarding itsprivacy policy and also received a lot of backlash owing to it. However, there…


    Hike Messenger – Acquisitions and Investments

    Hike has acquired 3 organizations – CREO, InstaLively, and Thought Mechanics.

    Their most recent acquisition was CREO on Aug 11, 2017. CREO is on a mission to build software that empowers every device to deliver new experiences every month. Thought Mechanics is a web development company acquired by Hike in January 2015. InstaLively helps broadcast your event Live in just a single click. Hike acquired InstaLively in June 2017.

    Acquired Date
    January 2015 Thought Mechanics
    June 2017 InstaLively
    August 2017 CREO

    Hike has invested in WinZO on Feb 22, 2019. This investment – Series A – WinZO – was valued at $5M.

    Hike Messenger – Future Plans

    Hike has officially called its social messenger to quits earlier in 2021 and has not been very active since then. However, the exponential growth that online gaming and the Crypto industry have witnessed has attracted the company, which is now looking to expand on those lines.

    Hike has already forayed into the gaming industry by launching a social app, Vibe, and Rush, an online gaming app.  The company is now looking to start its journey with cryptocurrency by offering crypto operations and services.

    Hike rolled out the NFT avatars on February 28, 2022, with an eye on its blockchain gaming universe. It upped the game with Rush Avatar, which will be an NFT and digital identity for the users.

    Kavin Bharti Mittal, Founder & CEO, Hike said, “With the Rush Avatar NFT, players will now own their digital identity in the RGU. This launch brings the Rush Gaming Universe on-chain and with it we plant the seeds to build a new game economy where consumers are owners.”

    Monetisation is what the Hike platform is currently looking eagerly at. With the launch of Rush, Hike has already seeing the gaming experience gradually meeting its success. However, it will be interesting to note how Hike capitalists gaming boom and would earn its revenues ahead.  

    FAQs

    What is Hike’s origin country?

    Hike is a messaging app that originated in India, and was founded by Kavin Bharti Mittal.

    Is Hike a Chinese app?

    No, Hike is an Indian app.

    Who is Hike Indian messenger app founder?

    Kavin Bharti Mittal is the founder and CEO of Indian instant messaging app Hike, and also the son of business tycoon Bharti Mittal.

    Who are the Hike investors?

    Hike is mainly funded by investors Foxconn Technology Group, Tencent Holdings, Tiger Global Management, and Bharti Soft Bank.

    What is Hike Timeline?

    Timeline is an awesome hike feature where you can post photos and status updates.

    What are Hike Rewards?

    1. Hike Rewards helps you expand your network on Hike. Invite your friends using exclusive invites offered by Hike and earn rewards by sending and receiving stickers to your friends.
    2. Earn points and redeem them for exclusive rewards and recharges.