In today’s world, growth and development are important in every sector. There is development in technology, infrastructure, science, as well as management. This rapid growth is making lots of things go outdated. The products or services without technological changes are also out of the market now.
There are lots of changes that are taking place in a business environment. The traditional methods and techniques can no longer make them grow and succeed. The new economic policies, as well as change in the consumer mindset, are also a threat to businesses. So, therefore, to ensure continuity, a business has to upgrade itself and make suitable changes. If the business is, then it will be difficult for the business to survive.
Business Analysts are professionals who are experts in analyzing the changes and also creating processes to implement the changes in the business. In this business era, the competition among the brands is also at a high level. The brands with higher technology/best solutions/standardization are quickly replacing the traditional businesses.
Therefore, business continuity and survival have somewhat become difficult for the companies, this has created the need for business analysis. So, Business Analysts became a growing professionals in this corporate world. Every business needs Business Analysts in their companies to help them survive in this highly competitive corporate world.
Professionals keep constantly checking business performance and its positioning and keep identifying all the key areas which require change, or modifications. Business Analysts help businesses adapt to strategies effectively and efficiently.
Important Roles of a Business Analyst
The roles and responsibilities of a business analyst differ from business to business. Businesses in different sectors require variable business analysis, But there are common roles and responsibilities which a business analyst has to perform in an organization.
Business Analysts focus completely on understanding the business, workflow, positioning, and competency. The ability of a business to sustain itself and its capacity is understood by them. Once they collect the information and knowledge, they focus on all the points interconnected and linked with the company. They keep a factor check on such points to ensure business continuity and smoother operations.
Market Analysis
Business Analysts do the market analysis of the products and services offered by the business. Several factors associated with market analysis like the product, pricing, positioning, promotion, etc. are considered by analysts. Market analysis is done to ensure that the product/service offered by the business is capable to achieve its objectives. Business analysts make a complete assessment of all the marketing factors which can impact their business. In large organizations, market analysts are the ones who perform such functions, But in most organizations, it is the business analysts who focus on the market part.
Making Strategies
Business Analysts are also the strategy makersof the organization. They create different strategies to help the businesses continue their operations and achieve their objectives. And to do so, they build several strategies like growth strategy, market strategy, team strategy, and more.
Predicting upcoming changes helps the organization to prepare itself for the situation. It will give an idea of how to change things to move the business in the right direction.
Data Analysis
Business analysts gather information associated with the business in different ways. They collect the data and keep a record of such data, These data are used to do further planning. The analysts identify many alternatives to gather more results. Out of all these alternatives, they focus on the ones which can give maximum output to the business. For Example, they can select the one alternative which gives maximum returns in fewer resources.
Growth of companies in comparison to growth in the sector
The Business Analysts do the complete industry analysis in which the business is involved. If the business is dealing in the dairy industry, then they will do a complete analysis of the industry. After analysis, they will compare the growth of the business in comparison to the industry, If the business lacks behind the usual industry growth then they make sure and fix the problem.
Make cost-effective plans
Cost-Effective Planning
The business always focuses on more output at minimum possible costs. So the business analysts create cost-effective plans to implement the required changes. There are often lots of ways and plans, but the ones which are less costly and impactful will be more productive for the organization. It will save the organization extra expenses. Therefore, analysts focus on making cost-effective plans to implement business changes.
Analyzing and Solving Business Problems
Business Analysts are much involved in solving real business problems. They identify and analyze threats and then try to solve the problems. They have to maintain their speed of solving problems before time. Analysts are much concerned with ensuring business health. Therefore, they try to solve business problems as soon as they can.
Future Projected Goals Analysis
A company has many future projected plans and goals. All these goals and plans are analyzed by business analysts to create a process and method to achieve the projected goals efficiently. They focus on minimizing time duration, making the best use of resources, and cost analysis. Cost analysis is usually done to make sure that the business can achieve its future projected goals under the estimated cost.
Business Analysts work more on data, and reports and make decisions based according to such reports. The growing competition in the market is increasing the need for more business analysts in the corporate world. This makes business analysts a growing profession in the corporate world.
Conclusion
Business Analysts understand the requirements of the business and help in predicting the problems in future. They work towards the development of the organization by building a marketing strategy, researching the efficient way to run the business and interpreting the data, Hence business analysts are considered important for organizational growth.
FAQS
Who are Business Analysts?
Business Analysts are professionals who are experts in analyzing the changes and also creating processes to implement the changes in the business.
What is Market Analysis?
The process of collecting information that affects a marketplace is called Market Analysis.
Why is Business Analysis necessary?
Business analysis is important to identify vulnerabilities and issues in the business or its strategies and help implement necessary solutions.
Why are cost-effective plans important?
Cost-effective plans are important because it helps the organisation to focus on more output with lower expenses.
The ride throughout the year 2021 was a turbulent one. There were many things taking place simultaneously. Many things were also happening for the first time or creating records. One of the similar record-breaking things that occurred throughout the year 2021 was the companies going public.
More than 63 companies went public in 2021 together raising the amount of Rs 1,19,882 crore. This was the newest formed record of raising the highest funds through IPOs breaking the old record of Rs 75,279 crores formed in 2017.
Following the given data and current market conditions. There can be some debate on Indian Companies going public. Amongst the list of multiple companies going public, below given is the list of startups and companies going public in India in 2022.
Bajaj Energy Ltd. is an Uttar Pradesh based company launched in 2008 working in the field of thermal energy plants. It is one of the largest private-sector thermal generating companies dealing with the financing, operating, and generating of thermal power. The recorded revenue for the year 2021 was above the range of 500 cr.
Bajaj Energy is also listed in the companies going public to pay debts and acquire partners’ stakes. With the listing, the company intends to raise Rs 5450 crores. Amongst them, Rs 5150 crores belong to the newly issued IPO, and the remaining Rs 300 crores an offered for sale shares.
2. Aadhar Housing Finance
Aadhar Housing Finance Logo
Aadhar Housing Finance is the largest housing finance company launched in 1990. The revenue collected by Aadhar Housing Finance in 2021 was about 1363.36 crores rupees. For the year 2022, Aadhar Housing Finance is listed as an IPO with an issue size of Rs 7300 crores. The funds collected will be used to boost their capital base. Amongst Rs 7300 crores, freshly issued shares are worth Rs 1500 crores, and the remaining Rs 5800 crores are offered as a resale.
3. Studds Accessories
Studds Accessories Logo
Studds Accessories is a well-known name for two-wheeler accessories. It was introduced in 1983 to provide two-wheeler accessories and related products. The revenue collected by Studds Accessories in 2021 was about Rs 479.62 crores. Studds Accessories will take the chance to raise Rs 450 crores with Rs 98 crores as a freshly issued and Rs 39.39 lakhs as an offer for shares by going public in 2022.
4. Arohan Financial
Arohan Financial Services Logo
Arohan Financial Services is the leading Non-banking financial company- a microfinance institute launched in 1991. It provides loan services in financially low-Income states of India. The operating revenue calculated by Arohan Financial Services in 2021 was above Rs 500 crores. Arohan Financial is also listed for IPO with an issue size of Rs 1800 crores. Amongst them, Rs 850 crores will be issued freshly and the remaining will be Offer for sale (OFS).
5. ESAF Small Finance Bank
ESAF Small Finance Bank Logo
ESAF Small Finance Bank is one of the leading banks introduced in 2016. The bank works towards providing several services such as client base size, net interest margins, etc. The operating profit recorded by ESAF Small Finance Bank in 2021 was about Rs 415.84 crores, a 28.07% increase from earlier. ESAF Small Finance Bank is also listed as a company going public in 2022 with a total issue size of Rs 998 crores. Within them, the freshly issued size is Rs 800 crores and the remaining Rs 198 crores are from OFS.
6. OYO
OYO Logo
OYO is a new-age technology platform giving out hospitality services. It is one of the leading platforms in the hospitality sector since the time of its introduction in 2012. The total revenue of OYO for 2021 was about Rs 41750 crores. There was a drastic decrease noticed in the revenue of OYO from 2020 to 2021 all because of the pandemic. However, for a better future, OYO is also listed for IPO 2022 with a total issue size of about 8430 crores with freshly issued shares of Rs 7000 crores and an offer for sale of Rs 1430 crores.
7. Snapdeal
Snapdeal Logo
Snapdeal is an Indian leading e-commerce company founded in 2007. Snapdeal was originally launched as a coupon booklet platform, however, in 2010, it was fully converted into an online shopping platform.
Revenue collected by Snapdeal in the year 2021 was about Rs 471 crores which was about 44% less than the previous year. Snapdeal is all prepared to raise funds from the IPO of freshly issued shares of Rs 1250 crores and some other OFS shares of the present investors and shareholders.
8. Delhivery
Delhivery Logo
Delhivery is a new age India-based logistics service company inaugurated in 2011. Delhivery works towards providing multiple facilities such as express parcel deliveries, good deliveries, cross-border supplies, etc. The revenue collected by Delhivery in 2021 was Rs 4644 crores with a 28% increment seen in its total income from the previous year.
Delhivery is also set to raise funds in 2022 by IPO with an issue size of Rs 7460 crores. Amongst them, Rs 5000 crores can be counted as freshly issued and the remaining shares can be taken as OFS.
9. Emcure Pharmaceuticals
Emcure Pharmaceuticals Logo
Emcure Pharmaceuticals is considered one of the leading pharmaceutical companies engaging in various services such as developing, manufacturing, and marketing medicines at a large level. Emcure was introduced in the year 1981 and now is considered the largest brand helping in the therapeutic areas of gynaecology, HIV antiviral, etc.
The revenue collected by Emcure Pharmaceuticals in 2021 was about Rs 6091.8 crores with a significantly increased income of Rs 418.6 from the previous year’s data. Emcure will also be raising funds through IPO for newly issued equity shares of Rs 1100 crores and some other OFS shares.
10. FabIndia
FabIndia Logo
FabIndia is India’s largest platform especially popular for its handmade products. It is a private platform that enables the sale of products made from traditional methods, skills, and techniques.
FabIndia was launched in 1976. The revenue collected by FabIndia in 2021 was about Rs 1059 crores with a fall of 30% in its revenue when compared with previous years’ data. FabIndia is looking forward to raising the funds through IPO for its purpose of global expansion by the issue size of Rs 4000 crores.
Droom is an operated marketplace easing out the process of buying and selling automobiles through its platform introduced in the year 2014. Droom operates with the help of a combination of an e-commerce platform integrated with a technology-driven prosperity ecosystem of products and services for the automobile industry.
Droom reported revenue of Rs 135.53 in the year 2021 with a slight increment noticed from the data for 2020. Droom will be going public to raise funds of an issue size of Rs 3000 crores.
12. Ixigo
Ixigo Logo
Ixigo launched in 2007 and operated by Le Travenues Technology is an Indian AI-based travel portal. It works to facilitate travelling by helping Indians with planning, booking and managing their trips of different modes. The recorded revenue of Ixigo in 2021 was about Rs 135.6 crores with a reported increment of 21% in its revenue from the previous year.
The list of IPO for 2022 also includes the name of Ixigo with a total issue size of about Rs 1600 crores. Within them, Rs 750 crores will be raised with freshly issued equity shares and the remaining Rs 850 crores will be OFS.
13. VLCC Healthcare
VLCC Logo
Vandana Luthra Curls and Curves (VLCC) is an Indian brand focusing on beauty and wellness products introduced in the year 1989. VLCC products are popular in the field of wellness and beauty products. Along with that, VLCC also works by training students with more than 95 institutes across India.
In the year 2021, VLCC reported a net income of about Rs 5,652.42 million, with a profit of Rs 62.42 million. In 2022, VLCC is expected to go public with the issue size of Rs 300 crores of newly issued equity shares and some OFS.
14. Hinduja Leyland Finance
Hinduja Leyland Finance Logo
Hinduja Leyland Finance Limited was incorporated in 2008 with the service of providing NBFC services to urban and semi-urban markets. It provides financing help for a large range of products falling in the category of vehicles and housing finances. The net worth of the company as reported by Hinduja Leyland Finance Limited in the year 2021 was about Rs 3825 crores.
There were significant changes seen between the years 2020 and 2021 due to the visible effects of a pandemic. Hinduja Leyland Finance Limited is about to raise funds from its initial public offerings of an issue size of Rs 700 crores. Amongst them, Rs 500 crores are freshly issued equity shares with the remaining as OFS.
15. Inspira Enterprise India
Inspira Logo
Inspira Enterprise India Pvt Ltd is a competent and professional provider of cyber security introduced in 2009. They provide digital transformation and cybersecurity services to their clients with bold thinking and path-breaking techniques.
The revenue collected by the company for the year 2021 was about Rs 803 crores. Inspira Enterprise India is also listed to go public in 2022 with an issue size of Rs 800 crores for foreign expansion.
16. Medi Assist
Medi Assist Logo
Medi Assist Healthcare Services Ltd offers a complete cashless hospitalization of customers through a network of healthcare service providers. It was launched in the year 2000 and mainly deals with the health insurance ecosystem. Medi Assist is also ready to raise funds through IPO in 2022 with a total issue size of about Rs 800 crores.
17. SAMHI Hotels
SAMHI Hotels Logo
SAMHI Hotels is one of the fastest-growing hospitality management companies since the time of its introduction in 2010. SAMHI Hotels mainly focus on the investment and development of international branded hotels across India.
From the year 2020 to the year 2021, there was a decrease in the revenue of SAMHI Hotels due to the presence of the pandemic period. SAMHI Hotels has a registered IPO of issue size Rs 2000 crores with Rs 1100 crores will be freshly issued shares.
18. Chemspec Chemicals
Chemspec Chemicals Logo
Chemspec Chemicals is a leading manufacturer of additives for FMCG ingredients worldwide. It was established in 1975. Chemspec Chemicals is also known to supply and manufacture Pharmaceutical drugs. Chemspec Chemicals has recorded its operating revenue to cross Rs 500 crores and it is estimated to go public with an IPO size of Rs 700 crores.
19. Shri Bajrang Power And Ispat
Shri Bajrang Power And Ispat Logo
Shri Bajrang Power And Ispat was founded in 2002 and is considered a major steel producer. It is considered one of the leading integrating steel companies working towards providing different products such as TMT bars, billets, sponge iron, etc.
As per the president of the company Shri Bajrang Power And Ispat, the revenue noted for the year 2021 was around Rs 3,031.21 crores with a net profit of Rs 312 crores. It is also listed for IPO with an issue size of Rs 700 crores planning to halve its debt by using funds.
20. SREI Equipment Finance
SREI Logo
Established in 1989, SREI Equipment Finance deals with infrastructure financing services throughout India. The company provides a loan facility for the purchasing of various equipment used in the construction industry, irrigation, IT infrastructure, etc.
The recorded revenue of SREI Equipment Finance is about Rs 522.78 crores in 2021. The company is looking to launch its IPO at the desired time with an issue size of Rs 2000 crores. In them, 1100 are freshly issued equity shares and the remaining are OFS.
Launched in 2008, Gemini Edibles and Fats Oil works in the business of manufacturing and marketing edible oils and fats. They are also considered one of the leading palm oil plantation companies across the globe. For the year 2021, the revenue collected by Gemini Edibles was about Rs 7,765.96 crore with Rs 185.85 crores.
Unlike other businesses, Gemini Edibles saw not much change in its demand as the demand for cooking oil was increased by houses whereas, on other hand, restaurants and hotels saw a sharp decline in demand hence equalizing the situation. For the year 2022, Gemini Edibles and Fats Oil are listed under the IPO list with an issue size of Rs 2500 crore from OFS.
22. Sterlite Power
Sterlite Power Logo
Sterlite Power founded in 2010 works as one of the leading private sector power transmission infrastructure developers and solutions providers. Sterlite Power owns and manages power transmission assets across India.
As per calculations the revenue collected by Sterlite Power is above Rs 500 crores but with a 26% decline in its operating revenue from the previous year’s data. Sterlite Power is listed in the IPO list 2022 with a freshly issued size of Rs 1250 crores. The raised funds will be mainly used to repay its debt.
23. Paradeep Phosphates Limited
Paradeep Phosphates Logo
Paradeep Phosphates Limited [PPL] was established in 1981 and is now considered India’s third-largest producer of non-urea fertilizer and the second-largest producer of di-ammonium Phosphate. PPL deals with the production, trading, and distribution of various fertilizers.
The total revenue recorded by PPL for the year 2021 was about Rs 5183.94 crores which was slightly higher than last year. PPL is planning to raise Rs 1255 crores from fresh sizes issued. These funds will be used to pay debts and to partly finance the acquisition of a fertilization manufacturing company in Goa.
24. Fincare Small Finance Bank
Fincare Logo
A smart banking platform launched in 2017 with its prime focus on unbanked and underbanked customers to get banking services with smart technology. The model of Fincare works by providing needed financial aid to businesses or individuals through the help of technology.
The revenue collected by Fincare in 2021 was about Rs 674.99 crore with a net profit of Rs 101.98 crores. Fincare Small Finance Bank is also known to raise funds through Initial Public Offerings of the issue size of Rs 1330 crores. Amongst them, 330 shares are newly issued and all others are from OFS.
Penna Cement is known to have its revenue above Rs 500 crores for the year 2021 with a significant increment of 13.06% in its net worth. Penna Cement is expected to raise a total of Rs 1550 crore through IPO. The funds raised will be then used to pay for borrowings, upgrading its law griding and cement mill, setting up a waste heat recovery plant, etc all at different places.
26. PharmEasy
Introduced in 2014, PharmEasy is a one-stop medical solution providing. They provide complete services from the booking of diagnostic tests to providing Over the counter medicines. They provide medical services such as radiology tests with the home delivery of needed products. The revenue collected by PharmEasy in 2021 was about Rs 2360 crore. PharmEasy has also participated in the upcoming IPOs list with an issue size of Rs 6250 crores.
27. Adani Wilmar
Adani Wilmar Logo
Adani Wilmar, founded in 1999 is one of the leading names in the edible oil industry. One of the most popular edible oils of Adani Wilmar is Fortune Oil. Adani Wilmar was known to be open on 27 January with a subscription of 17.37 times.
28. AGS Transact Technologies
AGS Transact Technologies Logo
Founded in 2002, AGS Transact Technologies is considered one of the largest integrated omnichannel payment solutions providers in India. They provide customized services and products mainly consisting of ATM and Cash recycler machines outsourcing, cash payment and digital payment solutions, etc.
The company recorded its revenue for the year 2021 as Rs 484.76 crores with a slight increment noticed in the revenue. For the year 2022, AGS will be going public with a total issue size of Rs 680 crores of IPO.
29. Vedant Fashions
Vedant Fashions Limited Logo
Introduced in 2022, Vedant Fashions Limited is a parent enterprise for some well-known brands such as Manyavar, Mohey, and Mebaz. The company Vedant Fashions Limited is considered a one-stop solution for every occasion by its customers.
The company was recorded to calculate less revenue collected from the year 2020. There was a gradual increment in its revenue from the year 2019 to the year 2020. However, it called for 38% in the year 2021 owing to the pandemic period. For 2022, Vedant Fashion is listed for raising funds through public offerings by the size of Rs 3149.19 crores.
30. Uma Export
Uma Exports Logo
Founded in 1988, Uma Export earlier was known to export and import building materials, however, in the current scenario, it is one of the leading exporters of agricultural products. The agricultural products are collected from the various parts of India to export and import to certain destinations.
The recorded revenue by Uma Export in 2021 was around Rs 260.94 crores with a net profit margin of around 1.72%. Uma Export is listed to raise funds by public offerings in 2022 with an issue size of Rs 60 crores.
Introduced in 1986, Ruchi Soya is the largest producer of edible oil in India. In 2019, Ruchi Soya was acquired by Patanjali Ayurved. Ruchi Soya has its prime focus on the business of processing oilseeds and refining crude oil to make it edible. Ruchi Soya is listed as Follow Public Offerings (FPO) consisting of freshly issued shares of about Rs 4300 crores.
32. Veranda Learning
Verdana Learning Solutions Logo
Established in 2018, Verdana Learning Solutions Private Limited is an e-learning platform giving out various career-defining courses. Courses can be found in a range of fields preparing one for the competitive exams or personal growth. The revenue collected by Veranda Learning in 2021 was around Rs 4.86 crores and a slight decline in its net profit margin. Veranda Learning is also listed for IPO with an issue size of Rs 200 crores.
33. Skanray Technologies
Skanray Technologies Logo
Incorporated in 2007, Skanray Technologies is considered one of the well-known players in the Indian medical device market. Skanray Technologies’ prime focus is to design, develop, manufacture and supply medical devices.
In the early five months of 2021, the revenue collected by Skanray Technologies was about Rs 88.8 crore rupees. The IPO size of the company is about Rs 400 crores. The funds will be invested in the required capital investment of the company along with some other basic investments such as inorganic plants and the company’s subsidiaries.
34. Five Star Business Finance
Five Star Business Finance Logo
Founded in 1984, Five Star Business Finance provided small loans to business owners and small mortgage loans to eligible candidates for their needs. It is registered with RBI as an NBFC company working with its underwriting model to provide secured finances. Five Star reported a gradual growth in its total income from the year 2020 to the year 2021 by the amount of Rs 787 crores to Rs 1051 crores respectively. The Five Star IPO issue size is Rs 2752 crores and it all comprises OFS.
35. Keventer Agro
Keventer Agro Logo
Introduced in 1986, Keventer Agro is considered the largest FMCG company in eastern India with its focus on packaging, dairy, and fresh food products. The company deals with multiple aspects of the food industry such as frozen food, beverages, export for food, etc.
The recorded revenue for the year 2020-2021 was around Rs 836.02 crores with a net loss of Rs 76.17 crores. The IPO size of Keventer Agro is about Rs 350 crores fresh issued and some other OFS. The funds will be used to be paid as debt and as a fund for the capital expenditure required by the company.
36. Tracxn Technology
Tracxn Technology Logo
Founded in 2013, Tracxn Technology is the combination of human analysts with Artificial Intelligence to work for the benefit of humans. It is considered a research firm that provides needed information for venture capitalists and corporate development offices through a large amount of data.
Tracxn reported a revenue of 100 crores with 70% of its revenue coming from outside of India. For Indian Market, Tracxn’s IPO issue size will be Rs 500 crores.
37. Apeejay Surrendra Park Hotel
Founded in 1987, Apeejay Surrendra Park Hotel is a hotel company providing services such as hotel rooms, dining restaurants, recreational and entertainment facilities, and providing venues for different purposes such as weddings, birthday events, etc.
The operating revenue collected by Apeejay Surrendra Park Hotel was between Rs 100 – 500 crores with a slight decline noticed from the year 2020 due to the pandemic period. Apeejay Surrendra Park Hotel is considered to go public with the issue size of Rs 1000 crores.
38. Harsha Engineers
Harsha Engineers Logo
Starting in 1986, Harsha Engineers is considered the largest manufacturer of bearing cages with almost 50% of the market share. They provide best-bearing cages with some other special-purpose stamped components. Harsha Engineers reported revenue of Rs 629.46 crores in the year 2021. Harsha Engineers is prepared to raise the funds through public offerings by the issue size of Rs 755 crores.
39. Annai Infra Developers
Annai Infra Developers Logo
Introduced in 2008, Annai Infra Developers belongs to the construction industry. They construct and sell multiple products such as water tanks, ponds, canals, roads, irrigation systems, etc. Annai Infra Developers will also be raising funds through IPO in the year 2022 of the issue size of Rs 250 crores.
40. Prudent Corporate Advisory Services
Prudent Logo
Started in 2000, Prudent Corporate Advisory Services Ltd is a leading investment providing solution company. It mainly deals with the financial services products such as Mutual funds, insurance, bonds, etc. The revenue for Prudent Corporate was counted as $412 million. Prudent Corporate is all prepared to raise its IPO in 2022 with yet to be declared OFS.
41. Tamilnad Mercantile Bank
Tamilnad Mercantile Bank Logo
Previously known as Nadar Bank, it was introduced in 1921. Tamilnad Mercantile Bank is one of the oldest private sector banks in India. Tamilnad Mercantile Bank calculated its revenue of 3,992.52 crores in 2020. For the year 2022, it is believed to raise funds through Public Offerings of 15.83 million freshly issued shares and 12.505 million shares from OFS.
42. Narmada Bio-chem
Narmada Biochem Logo
Established in the year 1996, Narmada Biochem is known to serve farmers for more than two decades. They are the leading manufacturer of world-class organic and biofertilizers. Narmada Biochem is noted to have its revenue in the range of Rs 100 – 500 crores. For the year 2022, it is planning to raise funds with an issue size of Rs 90 crores.
43. Popular Vehicles and Services
Popular Vehicles and Services Logo
Founded in 1984, Popular Vehicles and Services were introduced as the first batch of vehicle dealers by Maruti Suzuki. They are one of the popular automobile dealers with regional specific markets and centers The revenue noted by Popular vehicles and services in 2021 was around Rs 2,919.25 crores. They are also prepared to raise funds through IPO with an issue size of Rs 150 crores.
44. Fusion Microfinance
Fusion Microfinance Logo
Fusion Microfinance was started in 2010 with the thought of creating opportunities at the bottom of the pyramid. They provide financial help to un-served and underserved females from rural India. They focus mainly on increasing the come individuals to help increase the economic growth and prosperity of the whole country.
The noted revenue of the firm Fusion Microfinance in 2021 was about Rs 730.31 crores. They are also determined to raise funds through IPO 2022 by the issue size of Rs 600 crores and an additional OFS with 2,19,66,841 equity shares.
Conclusion
IPOs stand for Initial Public Offerings shared by any company or firm. Companies start taking investments from the public in return for the share of the firm. The amount collected by companies is then used for the advancement of the same firm. Many companies are opening up on getting public due to several situations. A list of companies going public in the year 2022 is shared above.
FAQs
Which is the best IPO in 2022?
Many IPOs are coming in the year 2022, some of the biggest and best ones are LIC. Other biggest IPOs of the year are Delhivery, Oyo, and PharmEasy.
Where can I get IPO data?
Bloomberg, Capital IQ, and CB Insights are some of the top sources to get complete information about upcoming IPOs.
The world is full of opportunities. Rapid development and growth of our today’s world have opened up pathways for myriad career options. One can always choose from the never shrinking heap of jobs based on their requirements. But, not all jobs possess equal demand for employees.
The fast-paced and innovative society keeps finding new ways to make our life easy on the earth. These new ways are made possible by the working sector where the career opportunities for people are kept introduced or expanded. However, there are a few areas of work or businesses that are flourishing recently. They are growing rapidly and are expected to bring in huge job opportunities. Here are some of such quickly growing sectors that possess substantial career opportunities for people.
Fastest Growing Jobs
Here is a list of the 8 fastest-growing jobs for the current decade:
Around 25% of the world’s population is between 45 and 60 years old currently. This group of people will turn into senior citizens in the next decade and require some sort of assistance to live their day-to-day lives. So the need for Home Health Aides will see a boom in the coming years. Their duty will be to care for elderly people, help them with their daily routines and run errands. Taking care of their physical and mental well-being also forms part of a home health aide’s job.
The demand for Home Health Aide is expected to range from 30%-35% in the next decade. The average annual pay for this job would be more than $24,200.
Wind Turbine Service Technician
The energy requirements of today’s growing world have always been higher than yesterday. Depending only on non-renewable sources to meet the soaring energy demand could be risky and uncertain. So global manufacturers and businesses have started moving toward non-renewable resources. Wind Turbine is one such non-renewable resource that is getting a humungous spotlight in recent years. Many companies have started constructing wind turbines to meet their energy needs.
Therefore the demand for Wind Turbine Service Technicians is moving uphill and is expected to grow up to 68% in the years ahead. It will be one of the fastest and highest-growing jobs in this decade. The average annual pay in this sector would be around $52,910.
Solar Photovoltaic Installers
Solar energy is another major contributor to non-renewable energy. This industry is being enhanced and is gaining popularity among global players. Many developed and developing nations are moving towards the creation of Solar Farms to meet their energy demands. As a result, the need for photovoltaic installers is promisingly high and might still go up by 60%. The average annual pay is expected to be around $44,890.
The job of Solar Photovoltaic Installers requires some skills and training. You need to be qualified in some courses in Solar PV design and construction. Any training or experience in this field would be an added benefit.
As the world paces on the path of development it leaves behind numerous data and information. These past data are collected, processed and analyzed to arrive at a solution that either serves as learning or an example for future business operations. The statistician and mathematician perform this work to help in finding a solution to address real-world problems. They assist right from businesses to improve their sales to governments in formulating plans and policies.
The projected growth rate for statisticians and mathematicians jobs in the upcoming years is expected to be between 26% and 31%. The average annual pay for a Statistician is $91,160 and for Mathematician is $105,030.
Information Security Analyst
Every inch of our growth in this modern era requires the assistance of a digital network. The computer systems, servers and other online platforms help to pace up and expand the businesses globally. This also comes with the disadvantage of security threats like confidential information and data theft. To ensure the safety of data, companies hire Information Security Analyst who prevents security threats and breaches. Their job is to conduct regular audits on systems and networks and establish a safe work environment.
An Information Security Analyst should have a bachelor’s degree in IT and some certification in a related area. The demand for this job will see a growth of 32% in the next decade. The average annual pay would be around $103,590.
Nurse Practitioner
The role of Nurse Practitioners is to take special and additional care for patients. Their primary role is to reduce the work burden of doctors. They are supposed to monitor the patients, conduct necessary tests, examine and diagnose illness, track the treatment process, prescribe medicines if needed, etc., A degree in the corresponding field of study and proper training is needed for this profession.
The requirement for Nurse Practitioners seems to have an increasing trend in recent years. This profession’s projected growth for this decade seems to be around 50% with a median pay of $117,670 per year.
Physical Therapist Assistant
Helping the patients recover from their illness or injuries is the duty associated with the Physical Therapist or Physical Therapist Assistant. It is a delicate profession and had to be handled with extreme care depending on the patient’s illness. The therapist uses exercises, equipment, hand therapy or any physical activities to ensure the patient’s mobility. Similar to doctors and nurses, a physical therapist also has to keep track of the patient’s treatment records and act accordingly.
One needs to have a certificate or license to be a Physical Therapist with proper training. The demand for this job is expected to go up by 32% with an average annual pay of $59,770 for therapists and $28,450 for the assistant.
Software Developer
Since the inception of the internet and computers, the need for software developers had existed. But their boom in the past decade is projected to continue in the future too. Therefore, the demand for software developers will remain high for the next decade. The work of a Software Developer is to design computer applications and programs based on the client’s preference. They should also maintain and ensure the smooth functioning of the existing ones.
The requirement for Software Developers is estimated to grow around 30% in the coming years. The average annual pay is $105,875 per year.
The jobs mentioned above are chosen based on their growth rate and market demand over the past few years. They are anticipated to offer huge career platforms in the upcoming years. Any new entrants, job seekers or job switchers can use these opportunities to improve their well-being and achieve great heights.
FAQs
Which are the fastest-growing jobs?
Some of the fastest-growing jobs are:
Home Health Aide
Wind Turbine Service Technician
Solar Photovoltaic Installers
Statistician and Mathematician
Information Security Analyst
Nurse Practitioner
Physical Therapist Assistant
Software Developer
Which is the average salary of Solar Photovoltaic Installers?
Average salary of Solar Photovoltaic Installers is $46,700 per year.
What is the average salary of Mathematician and Statistician?
Average salary of a Mathematician and Statistician is $92,270.
What career field is growing the fastest?
Some of the fastest-growing career fields are:
Information security analyst
Software developer
Nurse practitioner
Physical therapist
Digital Marketer
What job will always be in demand?
The fields that have experienced rapid growth in the past few years and will never lose their demand are:
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byixamBee.
A Government job is the first preference of many-educated young adults in India. Every year millions of graduate and undergraduate students appear for competitive exams to secure jobs in the public sector. As shown by surveys conducted by the Lokniti research program at the Centre for the Study of Developing Societies (CSDS) in 2016, 65% of the Indian youth preferred a Government job. Again, a huge chunk of these Government job aspirants belong to the rural areas and a lot comes from financially weaker sections.
However, this section residing in backward areas and having a low income does not get adequate opportunities to prepare for competitive exams, owing to lack of infrastructure or money. Considering this scenario, ixamBee, a New Delhi based startup is offering free mock tests on its online platform so that all the govt job aspirants can prepare well for their dream job, irrespective of economic status, and from anywhere. StartupTalky interviewed ixamBee CEO Chandraprakash Joshi to understand the startup better.
ixamBee is a platform that lets Government job aspirants prepare for various competitive exams online. ixamBee is the only website where all the mock tests are available for free to the users to practice and prepare for various competitive exams and that is their USP. ixamBee makes a large number of questions at a very low cost. These questions are made in-house, after thorough research and analysis of past trends, matching the difficulty level of the exam and following the same exam patterns as the real exams. The platform offers mock tests for more than 50 exams in Banking, Insurance Teaching, Railways, SSC and other categories.
ixamBee also provides comprehensive online learning courses for exam preparation. These learning modules are a package of short video lessons, study notes, practice questions and live sessions with the expert faculty. Besides online practice tests and speed tests offered in the platform helps the users be better prepared to face the exam. Here, you can find over 500 video lessons to learn from and over 10000 practice questions. With paid subscriptions to these online courses, students can learn from anywhere and anytime convenient to them.
Some highlights of ixamBee courses are–
Users get exam preparation tips from exam toppers and subject experts.
Offers career guidance by successful professionals.
Exam focused on comprehensive and concise study materials.
Content is available in vernacular languages too.
Extensive question banks that help students prepare better.
Video lessons for difficult topics.
‘Adaptive Practice’ tests, where difficulty level of questions are adjusted as per performance.
ixamBee also offers topic wise and section wise performance accelerating analytics.
Online Education and Ed-Tech in India
There are 300 million students in India and a large majority of them live in villages and small towns where quality learning material is not easily accessible. Online learning provides an equal opportunity for anyone to learn from anywhere. As per reports, the size of the Online Education market is expected to reach $325.48 billion by 2026.
EdTech market is very competitive, probably due to the low entry barriers. However, considering the large market, we have always been confident to make our own space. Today ixamBee is growing fast because of its focus on the quality of content that helps students in clearing the exam. In the time of information overload, our crisp and to the point content which is created by Subject Matter Experts is helping students get success.
ixamBee was founded by the trio, Arunima Sinha, Sandeep Singh and Chandraprakash Joshi in 2016.
Chandraprakash Joshi is the CEO of ixamBee. He received his formal education in the field of agriculture and finance. He held reputed positions in RBI as Manager (Hyderabad) and Assistant General Manager(Lucknow). He also held various positions in esteemed organizations like Oriental Bank of Commerce, Regional Rural Bank and Yes Bank before starting ixamBee.
Arunima Sinha, a born teacher, quit her government job (as Manager–SIDBI) and started Stratagem – a coaching institute for the preparation of competitive exams. She being an educator was very keen to work on a project for the betterment of society, combining the benefit of her teaching with tech skills, which made her join the founding team of ixamBee.
Sandeep Singh has extensive technical experience as he used to manage various technical departments in brands like Make My Trip, Carnation Auto India Pvt. Ltd and Sirez Ltd. Sandeep also co-founded an E-commerce site ‘Babyhugs.com’ which dealt in baby care products.
ixamBee Team
ixamBee has a team of qualified and dedicated professionals having diverse skillsets which have helped it get established as a known name amongst students.
How Was ixamBee Started?
Chandraprakash Joshi did his schooling from a village and had no proper awareness and guidance to choose the right career. While travelling to different parts of the country during his field visits for YES Bank, he interacted with a large number of people living in small towns. The observation made him realize, that the people were willing to invest in education, however, there were hardly any options that made quality education accessible. Increased access to internet services in rural areas has created an opportunity for online education so Chandraprakash grabbed the opportunity with both hands. He always wanted to do something beneficial for the youth of the country, and his experiences during personal and work-life turned into a passion to teach, that finally led to the conviction of starting up ixamBee.
ixamBee – Name and Logo
“We wanted a name that is related to education and exam preparation and also wanted to include an element of nature in it,” said Chandraprakash explaining the idea behind the name ‘ixamBee’.
ixamBee Logo
Bees are the most social, systematic and intelligent insects having a crucial place in the cycle of life by helping plants grow, breed and produce food. Therefore, the word ‘exam’ is clubbed with ‘bee’. The ‘e’ of the exam is replaced with ‘i’ as the company name starting with ‘I’ makes it personalized for every user and every team member of ixamBee.
ixamBee – Revenue Model
ixamBee provides free mock tests for more than 50 exams and it is the only platform where students get mock tests without paying anything for that. ixamBee’s revenue comes from the comprehensive online learning courses that students subscribe to for the preparation of competitive exams such as Bank PO, SSC, RBI, NABARD, SEBI, LIC, and others.
ixamBee – User Acquisition
ixamBee launched the mock tests in April 2017 and reached customers using social media such as Quora, Facebook, and Youtube. Students visit the website to attempt mock tests because of the quality of questions, answer explanations and personalized feedback analytics that helps them in improving their performance. More than 300 million questions have been attempted by 750K plus users on the website.
For a B2C player in the online space, it is tough to reach customers, and one needs to spend much on digital marketing. However, social media did the magic for ixamBee, in getting its first 1000 registrations in the first month itself. Due to good content quality, very quickly the word spread among the online student communities across various social media.
“I always believe, What doesn’t kill you, makes you stronger”-Chandrapraksh says.
At ixamBee, there was a big challenge to get qualified and experienced professionals on board when the company has little money to pay them. Again, there was a challenge to make students realize the quality of the content.
To some extent selection of students in the first year of the course launch and appreciation by users about the ixamBee experience has helped us grow at a good pace. We are continuously learning how to manage these challenges in a better way and are also preparing for the bigger challenges we are going to face in the coming years.
ixamBee – Advisors and Mentors
Keyur Joshi, Co-Founder of MakeMyTrip is mentoring ixamBee since the beginning. Sandeep (co-founder and CTO) has earlier worked with Keyur in MakeMyTrip. Keyur’s continuous guidance has been extremely valuable for crafting the differentiation strategy and growth plan for ixamBee.
ixamBee is growing very fast and becoming popular among students because of the value they are getting. Today the company has 1 million-plus monthly visits on the website and the number is growing constantly. There are more than 45 million page views on the websites and students have spent a total of 800,000 plus study hours at ixamBee.com. These numbers are growing at the rate of 80-100% month on month.
The average ticket size for each course ranges from INR 3,000 to INR 60,000 per course. The company claims to have about 1,500 paid users.
ixamBee – Future Plans
iexambee plans to keep investing the profits into the business to launch more courses, they have already launched a mobile app and added more languages on the platform.
“We have still not reached even 1% of the student in the market. We have lots to be achieved and we are preparing in the right direction.” Chandraprakash says.
ixamBee’s aims to reach 100 million students by 2025. Recently, in 2021, it has raised $300,000 in seed funding.
FAQs
When was ixamBee was founded?
ixamBee was founded in the year 2016.
Who founded ixamBee?
ixamBee was founded by Chandraprakash Joshi, Arunima Sinha and Sandeep Singh.
What is ixamBee?
ixamBee is an online platform that helps in learning and preparing for competitive exams for like Banking, SSC, Railways and others.
In every business school, you will learn that the primary objective of a business is to make money. However, no one signifies the right method to make a profit. Well, in greed to make more money, some people start to follow unethical ways. There can be thousands of unethical ways, one such way is to steal a competitor’s plan or idea and present it to the world, as their own. There are numerous big and small corporate houses present in history, that had stolen their competitor’s ideas. Due to this malpractice by the corporate houses, the term espionage evolved. If you are wondering, what exactly ‘corporate espionage’ means, then let’s get familiar with the term first.
The dictionary meaning of corporate espionage, “Attempting to obtain trade secrets by dishonest means, as by telephone- or computer-tapping, infiltration of a competitor’s workforce, etc.“
In the layman’s language, we can say that corporate espionage means spying on your competitor to gather their secret business information. There can be different means to spy, like tapping phone calls or hacking computer systems or even bribing their past and current employees to get competitor’s future roadmap. This practice is done by almost every corporate establishment, the only difference is that some got caught in time and some just don’t, instead they become rich on another person’s idea. So, today we are going to focus on the former one and will talk about corporate espionage by 6 top companies.
In 2001, P&G admitted that they launched a spy mission for their core competitor Unilever to gather some inside scoop. Their cunning corporate espionage plan, which P&G referred to as an “unfortunate incident,” included going through Unilever’s trash in search of documents, although if Unilever habitually throws away full documents entitled “Super Secret Product Information That Will Crush P&G” their days as an industry leader are numbered. Later when the matters were disclosed in front of Unilever, then both the companies came to a mutual understanding and P&G swore not to use any gathered information. Thus the matter was mutually solved by both companies.
Cadence Design Systems Vs Avant
In the early 90′s the Avant, one of the biggest software companies in silicon valley at that time, had stolen code from a rival company, Cadence Design Systems. This became more than a simple case of unscrupulous business practices when prosecutors filed charges and, in 2001, Avant! was ordered to pay $182 million in restitution plus interest and fees, for a total of $200 million. The case got very hick at the time and Avant paid $200 million to settle the case and received the civil case in return. This marked a record for corporate espionage cases during that decade.
Opel Vs Volkswagen
Every employee is precious to the company and Opel faced the biggest shock of the time when their chief of production moved to rival Volkswagen and was followed by not one, not two, but seven other executives. The executives didn’t go alone but also took away all confidential documents along with them. Imagine the condition of the Opel. Opel fought a long legal battle with Volkswagen but in the end, Volkswagen agreed to pay General Motors, the parent company of Opel, $100 million and place an order for over $1 billion’s worth of car parts. Volkswagen still refused to apologize, though, showing that even multinational car companies can be as stubborn as 5-year-old children and can undertake corporate espionage dishonestly.
IBM Vs Hitachi
It’s a bit old case of corporate espionage, but the importance of the case in the computer world is enormous. In 1981, Hitachi mysteriously came into possession of an almost full set of IBM’s Adirondack Workbooks. As a matter of fact, the document contained IBM design documents full of IBM technical secrets and was prominently marked FOR INTERNAL IBM USE ONLY didn’t prompt Hitachi to return them. The technical staff of the IBM and FBI went through nail cracking investigation to find the culprit. After the arrest of numerous IBM officers, the culprits got caught and Hitachi settled out of court and paid $300 million to IBM.
Avery Dennison Corp Vs Pin Yen Yang (Four Pillars)
Pin Yen Yang, President of Four Pillars, a Taiwanese company that makes and sells pressure-sensitive products, and his daughter Hwei Chen Yang, were arrested and charged with a smorgasbord of offences related to industrial espionage against Avery Dennison Corp, a major US adhesives company. They were arrested for paying $1,50,000 to one of the Avery Dennison employees and which caused a loss of $10,000. That was indeed sticky.
Waymo Vs Uber
Waymo filed a complaint against self-driving truck startup Otto and its parent company Uber for patent infringement and stealing trade secrets. Anthony Levandowski was an employee at Waymo and Waymo accused Levandowski of using a flash drive to steal 14,000 files (designs, blueprints, and testing documentation) containing highly confidential information before his resignation. Otto was founded by Levandowski. Otto and Uber are using key parts of Waymo’s self-driving technology, specifically related to its light detection and ranging radar.
Conclusion
The business is indeed a dirty game or we can say some selfish people made it dirty. Some people have a viewpoint that with the copyright act and other security tools, corporate espionage has been reduced but no one can be sure of it. All these corporate espionage tales are to alert all aspiring entrepreneurs so that they know the depth of the upcoming danger. It is better to practice healthy and fair business activities, as there is plenty of room for all of us in this corporate world.
FAQs
Is corporate espionage illegal?
Corporate Espionage is an illegal as well as an unethical practice.
What is Corporate Espionage?
Corporate Espionage is gathering secret information about the different companies by dishonest means.
What are the types of Corporate espionage?
There are different types of corporate espionage and they are:
In the present times, social media platforms have become the part and parcel of our lives. We not only like these platforms but have become highly dependent on them in many ways.
We need to share a picture, video, or text, we are dependent on WhatsApp. Instagram is there to keep us entertained with its reels and more. YouTube is what saves us when we need to understand the know-how of anything virtually.
Besides all this, people are now becoming aware and familiar with an important concept. This is that these platforms can also help us earn for real. We all are witnessing the content creators and how they are earning so well from social media.
But when people talk about earning through these platforms WhatsApp’s name is usually kept at the bottom. This can be due to a lack of awareness or too much attention given to the other platforms.
If you are someone who uses the application then you must already know about the groups. These groups refer to a collection of people who can chat and share things with each other.
You can simply invite people to add them to your group. It helps you to share something in a go instead of sending it individually to every person.
One thing to note is that there is an official limit to the number of members you can add to a WhatsApp group. It is up to 256 people. So, if you want to add more people you can create multiple groups.
The groups on our WhatsApp are not only meant to maintain connections. These groups can be a blessing if we start using them in the right sense. In fact, we can monetize these groups in many ways.
Today is the time when people try to look for maximum opportunities in which they can make money. People tend to take their WhatsApp groups and their members quite for granted. Little do they understand that they can utilize these groups to their advantage and make some extra money.
Here are some ways in which you can monetize your WhatsApp group:
Monetize with Affiliate Marketing
The first and foremost way in which you can monetize your WhatsApp group is through affiliate marketing. It is a kind of marketing where one gets certain compensation for promoting a product or service of another person or company.
You can not only do affiliate marketing through Instagram and YouTube but also through your WhatsApp group. It can be done in ways like:
Pay Per Sale:
In this method, you can get yourself registered with a company or person that wants to sell something. You can select certain products that you think your group members would like. After that, you can copy the product’s link and share it with the group. You will be able to earn a commission when anyone buys the product through your link.
Pay Per Click (PPC):
There is no dearth of online content. In this method, you should find the content that you think will be liked by your WhatsApp groups members. Then get the URL of the webpage. After that, you need to make use of paid URL shortening services like Shrtly, Shorte.st, and more. Using PPC on the whatsApp group will help to reduce the length of the link. Once you get this link, you can share it with your group. So, when someone will click on that link, you will be able to earn from it.
It also includes Pay Per Download, App referrals, and more.
Monetize By Launching Your Products or Courses
Another great way to monetize your WhatsApp group is by launching your own products or courses. The members of your group are more likely to be your knowns. This means there is a better chance of them supporting you in your endeavors.
Products:
If you are starting a new business, you can share your products along with prices and descriptions in your groups. Depending upon people’s interests, you can share products and also take orders. For example, If You make homemade beauty jars and you think your group member might be interested in them, you can launch it there and earn your very first clients. In this case, always remember to be responsive to the people’s queries.
You can create different groups to sell different niches of products. It will help to attract genuine buyers in a better way.
Courses:
If you are good at any subject or skill you can create your own course. But when you create it, it is not easy to attract buyers for it. So, if you feel there are some people who might benefit from your course, you can share it with the group. In this way, you might be able to bag your early customers via your WhatsApp group.
In today’s time, having an audience by your side is the biggest asset. A WhatsApp group can help you grow your audience from one group to another. The more the people better the chances for monetization. Your groups can help you gain an audience, followers, and subscribers for other platforms as well.
YouTube Channel:
It is the most popular social media platform that allows people to share and watch videos. If you have a channel on YouTube, you can share its link on your WhatsApp group. In this way, you might earn new subscribers that will ultimately help you to earn more audience and thus, more money.
Instagram:
This picture and video-sharing platform has become the favorite social media platform for all. Your WhatsApp group is more likely to consist of people who know you. So, sharing your Instagram handle in the group can definitely help you earn some new followers. We all know now that having a great audience on Instagram makes you the most suitable choice for brands and collaborations.
It is not necessary that every person in your group is going to follow you. Yet, it is always better to try and gain a few more rather than none.
Monetize By Driving More Traffic to Your Blog
If you are someone who writes blogs then the WhatsApp groups can be of great help. Whenever you come up with your new blog, all you have to do is share its link on your WhatsApp group. Remember to share the blogs as per people’s preferences and be interactive with the members of the groups even at the time when you do not share a blog. This will build up their interest and help you to earn loyal viewers.
This way, your WhatsApp groups can help you to monetize your blog.
The importance of online notes has increased to a great extent since the pandemic. So, if there are students in your WhatsApp group, you can create PDFs of study notes and share them. For these PDFs, you can charge a specific amount from the members of the group. You can also add advertisements to your PDFs. In this way, you will be able to earn a nominal amount through the pay-per-click method.
Monetize with The Help of Meesho
It is a popular social e-commerce startup in India. From kitchen items to fashion, it offers a great variety of products. It is not only a great platform to shop but also allows people to trade products from home. We all have WhatsApp groups on our phones, be it of our friends, family, or work friends.
So, by understanding their interests and demands, you can browse the Meesho app and select products from there. After that, you can share those products along with descriptions and prices in the group. If someone is interested in buying, you can place an order to their address and add your profit margin in the app itself. This is a great way for you to monetize your WhatsApp group easily.
Monetize With WhatsApp Newsletters
Newsletters are one of the most popular tools of marketing. It allows you to share your content with people, drive traffic to your site, and benefits sales. These are usually sent over the e-mails. But it has been observed to be quite ineffective. As most people receive it in a spam folder, ignore it, or delete it.
WhatsApp newsletters mean having people subscribe to your newsletter via phone numbers. Here you can share your newsletters in a short and concise manner. Remember not to cluster your group with too many newsletters a day.
Whether you want to share newsletters as a person or a company, using WhatsApp groups can help you monetize in a way that email newsletters will not be much effective at.
Here a great example is YourStory.com. It is known for its stories about startups, entrepreneurs, funding analysis, and more. It is one of the largest media tech companies in India. The company was able to understand the importance of groups on WhatsApp. In tune with this, they started their official WhatsApp group to give the latest startup ecosystem updates.
In this way, it was able to interact with more people, derive more traffic to its site, and thus, better monetization.
WhatsApp’s New ‘Communities’ Feature on The Way to Help
On 14th April 2022, WhatsApp announced that it will be rolling out a new feature, ‘Communities’. This feature will enable people to bring separate groups together under one community. Mark Zuckerberg explained this with an example that in addition to individual groups for different classes, you might have one overall community for parents at school with a central place for announcements and tools for admins.
So, with the coming of this new feature, you will be able to manage and organize different WhatsApp groups easily. You will be able to have better access to different groups and thus, more scope for better monetization.
Conclusion
The above-mentioned are the ways in which you can monetize your WhatsApp group. You can share your products, and links, build an audience, and more.
But along with this, there is a very simple yet forgotten tip to keep in mind. This is to always stay interactive. Just like other social media platforms, it is important that you stay connected with your group’s members. If you only keep on sharing your stuff with the group, it can create boredom among the members.
So, having a certain amount of regular interaction will not only help you to keep your members intact but also monetize in a better way.
FAQs
Can WhatsApp be used to make money.
Yes, there are various ways to make money on WhatsApp.
How can you monetize WhatsApp group?
WhatsApp group can be monetized by many ways as listed below:
Monetize with Affiliate Marketing
Monetize By Launching Your Products or Courses
Grow Your Audience and Monetize
Monetize By Driving More Traffic to Your Blog
Monetize By Selling Study Notes
Monetize with The Help of Meesho
Monetize With WhatsApp Newsletters
How do you get more views on WhatsApp?
To increase WhatsApp status views, you need to get more people to save your contact on their phone and saving their contact on your phone.
Can a WhatsApp Group have more than 256 members?
Yes, using “Invite via link” option, you can add over 256 members to a group.
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 Lyft.
The urging need for a better and safer travel system is fulfilled by Lyft. Lyft has become a household name from the time it was launched in 2012. Lyft is highly considered by the citizens of the United States and Canada for booking their rides.
Lyft was launched in 2012 by Logan Green and John Zimmer as the second-largest ride-sharing company in the United States. From the time of its launch up till now, it is known to provide multiple facilities such as providing a ride, arranging the driver, delivering food, etc.
Lyft has its roots expanded and well-developed in its field. Let us have a look at other important details such as founders, back story, mission and vision, business models, etc.
Let’s go through the Lyft success story and know about Lyft, its founders, business model, revenue model, funding, startup story, competitors and more.
Mobile Apps, Ride Sharing, Software, Transportation
Area Served
United States, Canada
Revenue
$3.2 billion (2021)
Total Funding
$4.9 billion (2022)
Website
www.lyft.com
Lyft – About
Lyft is an American-based mobility provider providing service that is considered the second-largest trusted ridesharing service in the United States. Lyft provides an application of its own that works in favour of people to help them with their travel plans. Apart from managing their travel, it also offers other services such as food delivery, ride-sharing, and renting bicycles types of services.
Lyft uses 58+ technology products and services in its application and website. This enables the easy and updated use of its technology. Lyft is not a cab hiring service, instead, it connects the user with the facility provider to earn profit.
Lyft – Industry
The mobile application industry is the fastest growing industry due to the increased number of users. Along with mobile applications, the usage of personalized software makes it much more compatible to be used by any startup. In recent years, the software industry along with the mobile application industry has been combined to give out better results and eliminate the restricted use of models due to medium.
The ridesharing industry is the new talk of the town as the assumption to be believed is that the global ride-sharing market is projected to grow with a 16.6% CAGR with an estimated USD of 85.8 billion in 2021 to be around 185.1 billion by 2026 as per the report published by marketsandmarkets.com.
The transportation industry deals with the economy and the movements of people from one place to another. Lyft works together in this industry to provide relevant services with a profitable business.
Lyft – Founders and Team
Logan Green
Logan Green, CEO and Co-founder of Lyft
Logan Green, highly recognized as the CEO and co-founder of Lyft, was born in Los Angeles in 1983. Green is recorded to complete his schooling at New Roads High School, California. For his higher education, Green attended the University of California, Santa Barbara (UCSB). He completed his bachelor’s in 2006 and is recorded to hold a degree of Bachelor of Arts in Business Economics.
During his education, Green had achieved and served a few great responsibilities. Green had created the Green Initiative Fund while still being a student. He also served as a board member for Isla Vista Recreation and Park District in his early life.
Before the launch of Lyft, there was another carpooling service founded by Green and his friend John Zimmer named Zimride in the year 2007. After the success of Zimride, Green was not yet satisfied with his work and went forward to embrace the risk with the launch of Lyft in 2012.
John Zimmer
John Zimmer, Co-founder and President of Lyft
John Zimmer is a co-founder and president of Lyft born in 1984. He completed his education at Cornell University School of Hotel Administration. He was known to be a member of Sigma Pi Fraternity during his college years.
After completing his education, Zimmer went on to work as an analyst for real estate finance at Lehman Brothers (New York City).
While working for the Lehman Brothers, Zimmer along with his dearest friend Logan Green went on to launch a ridesharing platform named Zimride. After some time, Zimmer left his job at Lehman Brothers and again went on to give rise to another ridesharing platform named Lyft with the equal contribution from Logan Green.
Lyft – Startup Story
Initially, Lyft was started just as a part of Zimride. The story behind it becoming the sole project of John Zimmer and Logan Green is quite interesting to look at. Lyft is not any on-road ridesharing enabling platform, instead, it is the second most used ridesharing service in the United States.
To know the exact reason behind Lyft, one must be aware of the story of Zimride. As for the start, Lyft was a part of Zimride only before selling it to a private company.
The founders of Lyft met each other through a common friend and got to know each other on Facebook.
Logan Green used to travel to Los Angeles to meet his girlfriend. Green used to make sharing rides for travelling the distance. However, the key point in their travelling was mostly his anxiety about unknown drivers and passengers.
On the other hand, John Zimmer used to own a car but didn’t have any possible rider to share his ride with. He noticed that 80% of seats are empty on American Highways.
Both the friends put up their thoughts together and created the carpooling service named Zimride in 2007. The logic behind naming Zimride was taken from Zimbabwe, where they encountered people sharing rides as their basic transportation.
Zimride was created by keeping college students in mind. It was created in a way to provide easy travel access to the campus carpooling. They also provided a good way for students to earn money through Zimride. Till the year 2012, Zimride had thousands of users with 150+ universities participating in the business. Even after the great achievement, the co-founders were left with some dissatisfaction in their minds.
To improve the business and provide more easy ways to the users, Logan Green and John Zimmer gave rise to Lyft.
“Lyft came out of a hackathon project where we were trying to figure out what does Zimride look like on mobile.” – Logan Green.
With the concept in mind, they built and launched the Lyft application in the year 2012. Soon after the launch of Lyft, it started raising enough funds for its development. Lyft also proved as a healthy competitor to already existing ride-sharing company Uber.
With the constant expansion of Lyft, the co-founders of Lyft concluded renaming Zimride “Lyft” in 2013. Along with that, they sold the Zimride services to Enterprise Holdings.
From there on, Lyft has successfully tried to accomplish its goal and is still on its way to success even after some rough waves.
Lyft – Mission and Vision
The mission stated by Lyft is to “Improve people’s lives with the world’s best transportation”.
The vision of Lyft is stated as “ride by ride, we are changing the way our world works. We imagine a world where cities feel small again. Where transportation and tech bring people together, instead of apart. We see the future as community-driven and it starts with you.”
Lyft – Name, Tagline, and Logo
Name
Lyft name of the vehicle is the general word “lift” and shares the same meaning. The idea behind naming Lyft ” originated after Logan Green observed people sharing minivan taxis in Zimbabwe. From there, the idea to name their startup Lyft ” originated, However, it was made in use after a few years when Zimride was renamed Lyft.
Tagline
The tagline of Lyft is Your Friend with a car.
The Initial thought of the Lyft founders was to enable safer and secure travelling options for daily commuters. The tagline itself suggests that a customer can trust their rider like a friend and can travel comfortably without worry.
Logo
Lyft Logo
In the first logo of Lyft, The Pink Moustache with the name Lyft was made. However, with time, only the name is left as its logo.
Yet, Lyft vehicles were found to have a big pink moustache attached in the front. The prime reason behind this was the old friend of the founder of Lyft named Ethan Eyler. Ethan Eyler was known to run a company at that time selling big pink moustaches that can be attached to vehicles in the front.
As for the logo of Lyft, all the letters of Lyft are written in small letters with Pink colours on a white background. The reason behind selecting the colour pink was to normalize the Lyft brand as more friendly for females riders. Lyft was originally planned as a fun-filled and friendly ride-sharing option for its users and hence selecting such a vibrant colour gives out a similar vibe to daily commuters.
Lyft is an on-demand ride-hailing platform. It enables the online connection of a ride needing the user to the rider available at the nearby location. The typical business model of Lyft works on the principle of Peer to Peer model.
It combines all the necessary details such as base charge, the distance covered, the per-minute charges, the per-mile cost, time of day, ride type, the chosen route, number of available drivers, current demand for rides, and any extra charges or taxes. With all this calculation, the only remaining part is the time required to reach the destination. After going through all these elements, the final fare is decided.
There are four basic steps in the Lyft Business Model. However, Lyft itself is compromised of two different parts, riders, and drivers.
Riders
The four basic steps for Riders are:
Requesting a Ride
In this step, a rider needs to download the application of Lyft and complete their profile. Once done with the basic process, they can start with the available options and decide according to their needs.
Coordination
This step is mainly done by Lyft. Lyft enables the nearby available Lyft ride as a suggested option as per the rider. Once matched, basic information is shared on both sides such as the live location of the driver with the vehicle information, and the driver’s name is shared with the rider. And the personal needed information about the rider is shared with the driver for their easy access to each other.
Ride
Once the request is accepted by the driver and the ride is accessed by the rider. The actual map of the destination is shared with the driver and real-time tracking is enabled for the safety of the rider.
Final Check With Payment and Ratings
Once the ride is completed, the final amount is displayed to both parties with the option of rating each other. A rider can rate the driver with needy comments and the same facility is given to the driver to rate their rides.
Drivers
Lyft has a slight change to the business models for those wishing to make money through driving but does not have their vehicle. For such people, Lyft has a dedicated Express Drive Program through which one can easily rent a car to drive. Before that, they need to get eligible to bypass the profile screening test. Once all this procedure is done, the driver can then start with their allocated process of four steps:
To Register As A Driver
For this process, Lyft has assigned them another application known as Lyft Driver App. After downloading the application, the driver needs to set up their profile with honest details. Once completed, they can then enable themselves on a Drive Mode to receive notifications from neighbouring locations.
Receiving A Request
After the drive mode is on, the Lyft application allows the nearby passenger’s details to be sent to the driver for the ride. A driver has the option of either accepting or neglecting the ride request based on their judgments.
Completing A Ride
When a ride is accepted by the driver, basic details are shared on both the sides by Lyft Application. Along with that real-time tracking is enabled for higher safety. Once the ride is completed, the Lyft application automatically calculates the payment based on multiple factors and displays them on the screen.
Payment and Ratings
A rider needs to pay up a shown amount to the driver. Once the whole process is complete, a driver can rate their riders on a scale of 1 to 5.
Lyft – Revenue Model
Lyft gets its revenue mostly from the bookings made through it. Bookings stand for the completed rides done through Lyft Application. Lyft takes a commission from each of those rides. 80% of each completed ride goes to its driver whereas 20% is taken by Lyft.
In the year 2020, Lyft earned its revenue of approximately $2.3 billion.
Lyft generates its revenue from multiple sources.
Commission From Bookings
This is the majorly constituting source of revenue. As explained above, Lyft cutes 20% of the total payment made by riders after completion of their rides as its commission.
Supply And Demand-Based Fare
Lyft has its prices hiked at certain periods of the day. This is done at the time of traffic, high demand for rides, and similar situations. In this model, Lyft hikes its price temporarily and earns extra profit through each ride.
Availing Subscription Plan
The subscription program of Lyft is called Lyft Pink for riders. Lyft allows its users with the subscription plan of paying $19.99 per month or $199 per year to avail of various benefits such as 15% off on rides, a few additional discounts, and many others. This model also earns Lyft a good source of revenue.
Multimodal Business Plan
Lyft is not confined to a single ride-sharing platform, it has a few different similar services on hand too. Lyft is an on-demand ride-sharing platform giving out four different options for rides. They have scooters and bikes, public transportation, ridesharing service, and a self-driving facility.
Amongst them all, users can easily select their preferred options such as for shorter distances, one can prefer bike and scooter or for some specific reason, one can go with the option of the self-driving vehicle. All this has also contributed to the revenue collected by Lyft.
DOOH
Digital-Out-Of-Door stands for the method of advertisement in a ride. This method is used by Lyft itself also to advertise for the self. Apart from that, Lyft also gives out advertisements to others in exchange for certain fees.
Lyft – Employees
Lyft has its headquarters in San Francisco. Apart from that, it has its offices set up in various locations. The total count of locations is 31 different located offices covering the parts of 6 countries.
As of 2021, Lyft was calculated to be having 4369 employees working for it.
Lyft provides its employees with several facilities as per their job positions. Some of the facilities given by Lyft are Insurance of different types, retirement plans, maternity and paternity leaves, paid holidays, etc.
Some of the key people of Lyft are:
Logan Green- CEO of Lyft
John Zimmer- President Of Lyft
Anthony Fox- Chief Policy Officer, Senior Advisor to President & CEO
Brian Roberts- Chief Financial Officer
Kristin Sverchek- President of Business Affairs
Eisar Lipkovitz- Executive Vice President, Rideshare and Engineering
Lyft has a total of 79 investors and 13 lead investors investing on its platform.
Date
Transaction Name
Money Raised
Lead Investors
Mar 1, 2019
Secondary Market
–
–
Jan 25, 2019
Secondary Market
–
–
Sep 20, 2018
Secondary Market
–
–
Jun 28, 2018
Series I
$600M
Fidelity Management and Research Company
May 4, 2018
Secondary Market
–
–
Mar 16, 2018
Corporate Round
$200M
Magna International
Dec 6, 2017
Series H
$1.1M
–
Dec 5, 2017
Series H
$500M
CapitalG, Rakuten
Oct 19, 2017
Series H
$1B
CapitalG
Sep 15, 2017
Secondary Market
–
–
From the time of its start till now, Lyft has participated in 27 rounds of funding and has received the amount of $4.9 billion. Their latest funding was raised on March 01, 2019.
Lyft – Acquisitions
Lyft has a total of 11 acquisitions with an investment of around $342M.
Kamcord
Leo
Cherry
YesGraph
Halo Cars
Flexdrive
Blue Vision Labs
Motivate
Hitch
DataScore
Lyft – Growth
Lyft was launched three years after Uber. Uber is considered the largest and most trusted ridesharing service in the United States. Earlier, Lyft was started as a ride-sharing company for long distances. But with time, they gave out different options for short distances too.
With this initiation, Lyft came out to be the biggest competitor to Uber. Uber was a well-settled company at that time, yet the growth seen by Lyft in its expansion was commendable. Lyft expanded roughly from 60 cities to 300 cities by the time of 2017.
Another thing that worked in the favour of Lyft was the anti-Uber Campaign in 2017. The campaign allowed Lyft to make its name by eating up Uber’s popularity. The market share earned by Lyft increased from 22% to 33% in the year 2018.
Lyft – Advertisement and Social Media Campaigns
Lyft uses multiple methods to advertise its brand. Lyft is known to take help from social media influencers for its typical advertisement of itself.
Some of the celebrity endorsers of Lyft are LeBron James and Nigel Sylvester. LeBron James is the celebrity influencer used by Lyft for its advertising strategy, whereas Nigel Sylvester is a YouTube content creator, helping them to reach a wider range of users.
Apart from this, Lyft also takes the help from passionate influencers having the ability to reach heights and advertise their platform.
Another common method used by Lyft for its advertisement is in the form of Digital-Out-Of-Home (DOOH). This means advertising a platform within a ride. Lyft also advertises itself by using this method. Lyft also uses Google Ads for socializing its platform.
Each brand keeps on introducing different campaigns to gain the attention of users. The two most successful campaigns launched by Lyft are:
Riding is the new driving.
How to Human.
Riding is the new driving– It was launched in 2016 with a one-minute message showing the traffic drive with a heart vibe.
How to Human campaign was launched in 2019 to normalize the world after a long fight with the COVID pandemic. Even though at that time, the pandemic was not over, few things were coming back to normal. During this campaign, Tinder also teamed up with Lyft for this campaign to avail free rides for the customers as an effort of easing the concept of socializing and dating.
Lyft – Online and Social Media Presence
Lyft has an active Social Media Presence across different platforms. Lyft uses social media platforms as a way of advertising itself. Along with that, it also uses different platforms for announcing new steps.
Social media platform
Followers
Twitter
289.3k
Instagram
180k
Facebook
658k
Lyft – Competitors
Lyft has about 30+ competitors in the market. The top three amongst them are:
Uber Technologies Inc.
Gett.
DiDi.
Uber
Uber is the biggest competitor of Lyft. It was launched in 2009. Uber Technologies Inc. is an American-based mobility service providing company. They serve 72 countries with approximately 10,500 countries. Services given by Uber include, ride-hailing services, food delivery services under the name of Uber eats, package and courier delivery, renting a vehicle, etc. Uber is the leading ride-sharing platform in the United States acquiring about 71% market share of rides sharing as noted in Jan 2022.
Gett
Gett, previously known as GetTaxi, is an Israeli-based transportation provider founded in 2010. Gett mainly focuses on Corporate Ground Transportation Management (CGTM). Areas served by Gett are Israel, Russia, the United States, the United Kingdom, and Europe. Services provided by Gett are corporate fleet, taxi, ride-hailing, and providing limos to their customers as per their request.
DiDi
Didi Chuxing Technology Co. is a Chinese vehicle for hire company launched in 2012. The company deals with application-based transportation services. DiDi provides services to 400+ cities. Common services given by DiDi are Taxi, Express, Premier, Bus, Designated Driving, Enterprise Solutions, Bike Sharing, Car Rental, food delivery, etc.
Lyft – Future Plans
“Now more than ever, we need to work together to create cleaner, healthier, and more equitable communities,” said John Zimmer, co-founder, and president, of Lyft.
Lyft plans to reach 100% electric vehicles on its platform by the time of 2030. This move will help in decreasing the harmful emissions to the environment. Lyft plans to use 100% electric vehicles in 10 years. All the vehicles used on the Lyft platform will be either eligible as electric vehicles or will be reliable to zero-emission technology.
To fulfil this dream, from the year 2017, Lyft was known to work towards the development of electric cars. However, Lyft sold its self-driving unit to Toyota’s unit Woven Planet in 2021.
This step might seem like a hurdle for the future vision of Lyft. But on the better aspects, both the parties are bound in a contract to share data. This allows easy sharing of work between both the companies.
As no developing company would like to work on two aspects together. It is better for Lyft to work towards its main business of ride-sharing and for Woven Planet to work solely on the development part rather than taking interest in the ride-sharing business. With this assumption, we can look forward to having a better and clearer environment through the efforts of Lyft.
Lyft plans to fulfil its dream of establishing 100% autonomous vehicles but with a slight change in the actual plan by mainly focusing on its B2B branch.
Lyft – FAQs
Who is the founder of Lyft?
Logan Green and John Zimmer are the founders of Lyft.
What is Lyft?
Lyft is a ride-hailing service founded by Logan Green and John Zimmer.
Who is the CEO of Lyft?
Logan Green is the current CEO of Lyft.
When was Lyft founded?
Lyft was founded in 2012 by Logan Green and John Zimmer.
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 Colive.
Given the increasing cost of property in metro cities, co-living is probably the most cost-effective way of living in urban areas without having to compromise on modern amenities. This is the reason why co-living spaces are getting popular, especially among youth. With the increasing number of youth moving out of their hometowns for studies or work, the concept of co-living is fast gaining popularity in India.
According to a Cushman & Wakefield India report, the Co-living market size across India’s top 30 cities is expected to grow more than double by 2025 to $13.92 billion from the current $ 6.67 billion. To meet this trend, Colive, a startup in Bangalore has come up with fully managed and technologically equipped rental co-living spaces, to make living comfortable, safe and affordable. Here is how Colive was started and how it is transforming urban housing in India. We interviewed Colive founder Suresh Rangarajan K to know about this fast-growing coliving startup.
Colive is a Bangalore-based co-living space provider. Colive offers ready-to-move-in co-living spaces, which are located near IT parks and business hubs. These homes are chic and equipped with modern tech-enabled safety features. Besides, all homes are fully serviced and professionally managed, and offers flexible and affordable options suitable for urban living. These co-living spaces are designed especially for single professionals & young couples who prefer living in a social community of like-minded millennials.
Colive is driven by the vision to get established as India’s No.1 Coliving brand offering technology-enabled, fully-managed homes for millennials & Gen Z in urban markets.
Colive USPs
Style
Modern Furnishing
Cinema and Sports Arena
Fitness and games room
Modern Storage Space
Self cooking equipment
Community kitchen
Safety
Facial recognition based key management
CCTV and Video Surveillance
Emergency response team.
Service
Professional House Keeping
High-Speed Internet
On Demand Maintenance Support
Power back-up
Savings
Affordable rentals
Flexi Lockin
Installment facility
Smart
Skype booth
Co-working space
Digital door locks
Social
Networking
Free holiday once a quarter
Invitation to exclusive events and parties.
“We launched Colive in Bangalore given the city’s universal appeal. Home to numerous IT companies, the capital of Karnataka a top destination for young working professionals who don’t have the capacity to rent a single sharing accommodation near their offices. Considering this factor, Bangalore seemed like the ideal place for Colive to begin its journey” The Colive CEO quotes.
Colive – Founder and Team
Suresh Rangarajan Kis the Founder and CEO of Colive.
Suresh Rangarajan K
Suresh Rangarajan K, Cofounder of Colive
Suresh Rangarajan K is an alumnus of Yale School of Management. He is a chartered accountant and serial entrepreneur. Prior to founding Colive, he was also a part of the founding team of TimesofMoney.com and Artha, a real estate enterprise. Under his enterprising leadership, remit2india.com went on to become the world’s #1 online money transfer portal & one of the most successful internet businesses in India.
Arun Singh was the Chief Investment Officer (CIO) and Co-founder of Colive. Arun has worked in the Indian Equity Markets for over 2 decades, which provided him a ring-side view of the transformation of the Indian economy. His last stint was at Alchemy, a boutique equities brokerage firm focused on Institutional and Ultra HNI investors. He was also part of the founding team at a startup before embarking on his journey of curating emerging businesses to bootstrap in his individual capacity. Singh stepped down from his position in September 2021.
Saurav Swami is the VP of Alliances at Colive. Saurav looks after Corporate tie-ups and partners for built-to-suit coliving buildings.
Colive brought on board, Arun Balan of the Balan and Nambisan Architects to design the double sharing rooms, which are strategically styled with modular furniture to offer a sense of privacy even in a shared space. As commented by Colive CEO Suresh Rangarajan, Signature Towers will let the residents experience the comfort of their home with the splendor of a deluxe hotel.
The company works with an employee strength of 100-150 employees.
Colive – Startup Story
During his stint at Artha, Suresh realized that India’s real estate sector has great potential. He noticed the housing challenges being faced by the millennials in India, and to solve the same he started Colive. The idea behind Colive was simple – to offer an effective solution to urban India’s housing owes.
“Even though property prices have gone down in the last decade, affordable housing remains a myth in India. Renting a 2BHK flat in any metropolitan city is impossible for many, especially for those who have just begun their career. Realizing this gap, I decided to launch Colive which provides affordable, convenient, fully-amenitized and managed accommodations while taking a deposit of only 2-months’ worth of the respective rents, as opposed to the standard range of INR 60k- INR 1,00,000.” said Colive owner Suresh Rangarajan K on explaining the idea behind starting Colive.
Colive – Mission and Vision
The mission of Colive is to “offer Colive residents to upgrade lifestyle with chic designs and contemporary interiors, premium amenities, and hassle-free living.” With real-estate in its DNA, and driven by a customer-centric approach, Colive aims to build automated processes and leverage technology that will help in scaling the business.
Colive – Name, Tagline and Logo
The name Colive is derived from co-living. The company’s tagline- ‘Colive your way’ embodies the sense of co-living with the independence of living the way one wants to live and having the freedom to make their own life choices. Colive Community is a non-judgmental society that respects an individual’s life choices and celebrates their differences which is showcased in the logo people peacefully co-exist.
Colive has a full-stack business model and it provides its services directly to the end-users. Colive takes buildings on long-term contracts from builders and franchises. The buildings are transformed into branded and serviced co-living spaces and then rented out to customers.
Colive – Revenue Model
Colive has two sources of revenue–
Fixed rentals– Under this model, Colive makes an agreement with property owners to pay them a fixed sum. The amount of earning over and above this fixed sum is Colive’s revenue.
Property management fee– Under this model, the revenue earned from rent is shared between the property owner and Colive in a predetermined ratio. This ratio may vary from city to city.
Colive – Funding and Investors
Colive has raised total funding of $12 Million in 3 rounds. Here are the Colive funding details –
Funding Date
Stage
Amount
Investor
April 2019
Series A
$9.2 Million
Salarpuria Sattva Group
February 2018
Seed
$1.8 Million
Ncubate Capital Partners
September 2016
Seed
$1 Million
Angel Investors
Colive plans to utilize the funding to ramp up its operations and expand its footprint in India.
Colive is being mentored by Bijay Agarwal, MD Salarpuria Sattva Group.
Colive – Startup Challenges
According to Suresh, as the concept of co-living is new in India, Colive had a tough time convincing the stakeholders, who were skeptical about the success of the concept.
Speaking about the challenges that the team initially faced, Suresh Rangarajan K said, “Acquiring the first 1,000 beds was tedious but once that was done, we could pace up while scaling to 10,000 beds. The initial months, in particular, were difficult for us. However, we stuck to our original plan and got well acquainted with our primary target group – the millennials. And, it was only a matter of time before our extensive efforts started showing positive results”
Colive – Competitors
For Colive, competition ranges from a PG operator to the global player that provides rental accommodation. Top competitors of Colive are, Your Own ROOM, Stay Abode, Zolo, CoHo, NestAway, NoBroker, Grabhouse, Square Plums, SimplyGuest, Comfy Stays, OYO Living, Stanza Living, Quickr Homes and FF21.
Style, safety, services, social, smart and savings – These are the 6 factors that differentiate Colive from its rivals. From finding the perfect accommodation to having immediate access to amenities and availing services; everything at Colive is accessible at the touch of a button through Colive’s website and app.
Colive – Growth
Colive boasts of being the future of living. The technology-powered coliving startup has noticed a good scale-up indeed. Here are some highlights of the growth of Colive:
Colive is managing 25000+ beds.
The area under management for Colive is over 4 Million sq. ft.
Currently operating in 3+ cities including Bangalore, Chennai & Hyderabad.
Has AUM of Rs 200 crore+.
Colive has around an 85% occupancy rate.
In 2018, Colive generated a revenue of INR 11 Crore.
Colive launcheed premium property in Bangalore, strengthening its position in the luxury co-living segment
Leading Indian coliving space provider ‘Colive’ has announced the launch of a premium property – Colive Signature Towers. Signature Towers is located in Doddanekundi, on the Outer Ring Road, in proximity to corporate powerhouses and IT Hubs of Bangalore, on August 19, 2019.
The property is targeted at both young working professionals and DINK (Dual Income No Kids) couples and comprises 140 double sharing and single occupancy/couple rooms, consisting of 280 beds. The USP of Colive Signature Towers lies in its ergonomic design. The fully-furnished rooms have contemporary interiors and come with a wide range of lifestyle amenities. Colive Signature Towers is also equipped with a terrace lounge, star-gazing deck, barbecue, conference room, cafe, fitness room, gaming and entertainment lounge, amphitheater, cinema room and a salon/spa. The terrace barbecue and the cafe, in particular, are touted as the key attraction of Signature Towers. The security system for Signature Towers includes CCTV, digital locks, emergency response team, and facial recognition-based access system.
Colive declared first Saturday of June as the ‘International Co-living Day’ to celebrate the spirit of co-living
Colive announced in 2019 that the first Saturday of June is deemed to be the ‘International Co-living Day’. This initiative was taken by Colive to celebrate the idea of co-living, which is fast becoming popular among the Indian youth.
The first ‘International Co-living Day’ was celebrated by Colive at Marathahalli location in Bangalore on June 1, 2019. On this occasion, Colive hosted a memorable, fun-packed event, which was attended by a whole band of youths. The event was kick-started with the launch of Bangalore’s first co-living facility – ‘Colive Sunrise’. ‘Colive Sunrise’ is located at a prime location on the Outer Ring Road and is in proximity to the major IT parks in the city.
Delighted at the huge success of the event, Colive founder Suresh Rangarajan said that co-living is no longer just a new phenomenon, but has become a necessity.
Colive founder and CEOSuresh Rangarajan said emphasizing the idea behind the event.
Suresh was conferred upon the prestigious Udyog Rattan award and WCRC. Ernst & Young also awarded him as the “Trend Setter in Real Estate”. Besides, some other awards and recognition received by Colive are –
Rated among the ‘5 Indian Start-ups that helped millennials to go smarter in 2020’ – by Asian Age
Rated among the ‘5 most popular apps among millennials’ – by Hans India
‘Transforming the rental industry with the buy-to-let model‘ – says Deccan Herald
‘A Platform that can make everyday life efficient for the tech savvy’ – says Deccan Chronicle
Colive App among the ‘Mobile apps that are hot with Millennials’ – says The Financial Express
Ranked among the ‘From teen to adulthood these 5 Apps will become your saviour’ – by T3F5
Colive – Future Plans
Colive has launches lined up in Hyderabad, Pune and Mumbai. It aims to scale up from the current count of 25,000 beds to 1 lakh beds, as of 2021. Colive is also planning to expand its presence to 25 university towns.
FAQs
What is Colive?
Colive is a network of fully-managed ready-to-move-in homes, conveniently located in close proximity to major IT Parks & business hubs. The homes are fully serviced and professionally managed while offering flexible & affordable options suitable for urban living.
What does co-living mean?
Coliving is a form of communal living that is popular in major cities as they are an affordable living solution for students, workers, people on a budget, or individuals who are relocating. The residents get a private bedroom in a furnished home but have to share certain common areas with other residents.
Are coliving spaces in Hyderabad, Pune, and Chennai available via Colive?
Colive makes coliving spaces available in Hyderabad. Besides, getting coliving space in Pune, coliving space in Mumbai and in Bengaluru are also easier than ever before with Colive serving all those cities.
Where is the Colive headquarters?
The Colive headquarters are in Bangalore, which makes finding coliving space in Bangalore really easy now.
What is the co living business model for Colive?
Colive is a co living service provider, which extends a wide range of wonderful coliving spaces for everyone living in the common metros of India. Colive leverages the full-stack business model to grow, thereby providing the services to the end-users.
Startups are continuously making noise in every field and India has become the hub of startups. Fintech, digital marketing, cryptocurrency and so many companies related to other industries are now creating buzz all around. Among them Deep Tech is also peeking its head into the startup ecosystem.
Deep-tech, short for ‘Deep Technology’, is solving many real-world problems by developing an innovative idea of technology that can be used to make people’s lives easier. The startups and companies pertaining to deep-tech are based on some substantial scientific advances and high tech engineering innovation. It has gained boom interest from Indian investors and is rapidly growing its market.
Here is a list of Indian startups founded on scientific discoveries and meaningful engineering innovations that are making a big name for themselves:
Genrobotics is a Kerala-based startup that manufactured a robot – called Bandicoot – which is a spider-shaped robot that cleans sewage and aims to eventually end the barbaric practice of manual. This is a 50-kg pneumatic-powered remote-controlled robot that goes down into a manhole, spreads its expandable limbs like a spider and scoops out the solid and liquid garbage that blocks urban sewers. It has a 360-degree motion robotic arm that can sweep the floor of the manhole to collect the debris in a bucket that cleans the manholes in 20 minutes.
Bandicoot has been deployed in Kerala, Tamil Nadu, Andhra Pradesh, Haryana and Gujrat. Genrobotics was launched by engineers Vimal Govind MK, Arun George, Nikhil NP and Rashid Abdulla Khan in 2015. The Bandicoot uses artificial intelligence (AI) and machine intelligence (ML) to determine the amount of unclogging needed and can complete the work in 45 minutes, which requires three or four hours of manual labour hours otherwise.
The Manhole Monitoring System (MMS) is also manufactured by Genrobotics. MMS is a complete sanitation solution that monitors the manhole network, it collects the crucial data and processes it using machine learning and AI technology to give an overall idea about the health of the manhole and give an alert when it is getting clogged/overflowing.
G-Robotic Suit, manufactured by Genrobotics is a 10 ft. high robot that can be operated by an individual by placing himself inside. It’s a prototype of the technology that can be used for defence purposes, space applications, weight lifting and anywhere that requires some extra power and protection.
Cogknit
Cogknit Semantics Pvt. Ltd. is an ISO certified innovative product company based in Bangalore. It applies machine learning to text, speech and computer vision. The company’s Nimit is a personalized learning platform that uses data science and machine learning algorithms to identify users’ learning patterns and user activity to identify user context and deliver content based on the context, enabling them to receive an extended blended learning platform.
Congknit envisions that they are going to tap on the voice-based transactions that are going to disrupt industries. It runs many video content in its stores, and wants to make sure those have scripts that even a visually challenged customer can follow. The startup’s competence and innovation focuses on Semantics, Web 3.0, Big Data, system engineering and associated technologies to solve various market problems.
Cognitifai
Cognitifai is a startup founded by Kanishka Nithin that helps retrieve the exact information using cameras by using a video intelligence platform that uses computer vision to index physical world phenomena. They have specialized in urban monitoring such as surveillance, healthcare and hyper-local intelligence discovery for smart cities and retail enterprises.
Cognitifai can detect even one bottle from the store’s inventory through its computer vision so that the store can replenish the shelf much quicker than depending on a manual store worker to check and fill the stock. Thus enabling real-time intervention to facilitate inventory management.
Cognitifai has founded some products and they are:
Visionapi.ai is an open marketplace for the state of the art video intelligence use cases and algorithms, enabling diverse enterprises to effortlessly discover, access and consume use cases and algorithms. Focus on Solving your business problem instead of spending all your time researching.
DevSuite.ai is a suite of intuitive no-code visual modelling tools that supports the full lifecycle of AI algorithm or AI product development – From research to production.
HPCOS.ai is a fully managed highly parallel and distributed operating system for Training, inferencing and continuous learning of AI at scale. Automating and optimising the end to end operations lifecycle for the deployment of AI at scale. All agnostic to where to run AI and how AI was built. Therefore shrinking your time from months to minutes to production AI at scale.
Dataplatform.ai is a framework for secure distributed storage, governance and processing of large, multi-source data sets.
Nautilus Hearing
Nautilus Hearing Heath care is a startup founded by audiologist T. Uday Raga Kiran that is accessible and affordable. The startup makes a new kind of hearing care company products using the best technologies to make hearing care simple, accessible and reliable by providing revolutionary technology that opens up new possibilities in audiometric testing.
People often use their hearing aids for short durations and stop using them as soon as they find them unsatisfying. The company has developed a booth-less, portable audiometer that is helping doctors conduct ear tests with ease. Nautilus Hearing is available in two variations.
A diagnostic product for certified healthcare practitioners and a screening device that can be used at schools, colleges, NPOs, and industries with loud machinery and devices. Nautilus Hearing won the Karnataka Government’s ELEVATE 100 Programme, through which it raised an undisclosed round of funding. The startup has completed preliminary tests, and will soon start clinical trials. The team tested the device at the All India Institute of Speech and Hearing in Mysore.
Streamoid
Streamoid is an AI – Artificial Intelligence Stylist founded by Nvidia, Manthani, Rajesh Kumar and Haricharan Lakshman in 2014. Streamoid Technologies uses its expertise in image recognition and extracts product and style information from images and process it through its AI engine to give trendy or contextual and personalized results for fashion shopping.
The startup focuses on the fashion and retail industry. Streamoid understands the natural language, images, voice and the context of the user’s fashion query. The users can also interact with it like a highly knowledgeable fashion sales assistant. With the fashion and clothing industry booming more than ever, Streamoid is sure to make a big name soon.
Streamoid gives you, your own conceptualised, developed, hosted and maintained style bot. Streamoid enables you to guide your customers with personalized style advice in a natural conversational interface. Using advanced NLP and deep integration, style bots offer many advantages over human agents. Style bots are online 24×7, can reply instantly to concurrent conversations, deliver personalized support and offer cost savings.
Desintox Technologies
Desintox Technologies Pvt. Ltd. is a Kerala-based startup that was founded by Sooraj Chandran and Don Paul in 2016. Desintox Technologies Pvt. Ltd deals with the design, manufacture and marketing of rehabilitation, and health equipment and currently, has four products called EasyMover, Hoist, Smartmotive and an Electric Wheelchair.
He started working as a design engineer at Crabwrist Technologies. When one of his friends got into an accident, Sooraj realized the need for supporting machines for paraplegic patients. And then, Desintox Technologies was born in Kochi’s Maker Village. The device called ‘Hoist’ transfers the patient from bed, chairs and toilets; it has a leg spreader facility with includes high quality imported motors controlled with a display and safety switch.
Smartmotive is a standing wheelchair that can help paraplegic patients stand and it does so by helping in muscle development and has the benefits of a wheelchair and tilting table. The Electric Wheelchair helps the paraplegic to travel by themselves and can be adjusted with a joystick switch with speed options.
“We gifted the device to help a child in Thrissur. I can never forget the tears in the mother’s eyes when she saw her child stand for the first time using our device,” says Don Paul.
Photom
Photom Technologies is a startup started by Himmant Singh which was incorporated in 2018. Photom Technologies provides solutions for Operation and Maintenance of renewable energy plants to increase their efficiency. Innovative products and solutions for renewable energy plants are what Photom aims at developing.
Their objective is to be a key stakeholder in establishing the renewable energy sector in India. Photom robots provide a fully dry system that cleans the solar panels without using any chemicals or water and thus can save more money. It is about two to four meters in length.
They are now planning to do pilots in Gujarat and will launch commercially soon. The startup has already received equity seed funding from iCreate. The founder, Himmant Singh, was among the fifteen entrepreneurs from India that were invited by the UK government’s Royal Academy of Engineer for Leaders in Innovation Fellowship.
Jumper.AI
Jumper.ai is an AI-enabled software co-founded by Nyha Shree that helps businesses connect with consumers on social media platforms to purchase their products. With the rise of mobile, social and cloud technologies, customer expectations continue to increase. More than ever, they demand seamless and hyper-personalized experiences.
For many businesses, customer experience is the new battlefield – a competitive advantage that attracts and retains loyal customers. It converts the social media pots into a shop-able post so that when customers comment on your post with their queries, Jumper will automatically answer them and talk to the customers on the company’s behalf and also walk them through the sale right within the platform so that they don’t have to go to another website.
The startup wants to make social commerce easier through hashtags and its artificial intelligence. The information given at the time of payment is secured and tokenized (encrypted by companies like VISA) with the payment gateways. Any company or startup which is regularly using social media as their major acquisition channel can get the utility of the platform.
Conclusion
The world is continuously evolving, thanks to the technology, it is now nothing less of a Sci-fi movie. Deep tech startups are also becoming a big part in the startup ecosystem. In India, some of these startups are already quite popular and are trying their best to offer innovative products and services to the people and solve their problems.
FAQs
What is deep tech?
Deep tech or technology is a types of organisation or startup companies that provides scientific technology based products and services to their customers.
Who founded Jumper.ai?
Jumper.ai was founded by Yash Kotak and Nyha Shree.
Cryptocurrency is creating a lot of buzz these days. It is getting popular and gaining acceptance at various levels. In India, cryptocurrency cannot be labelled as completely legal or illegal. It is kind of a grey area. So, analyzing the cryptocurrency industry in India becomes crucial.
In this article, we will discuss about cryptocurrency industry in India. We have brought you the cryptocurrency market insights, legal issues, and its future in India.
So let’s begin…
“Bitcoin is exciting me because it shows how cheap transactions can be” -Bill Gates
Cryptocurrency is a decentralized digital currency based on a blockchain platform that has been named crypto as it verifies transactions through encryptions. However, it is not any normal digital currency that you may use to pay your bills.
There are two major differences. First, it is decentralized i.e. it is not controlled by any government or third party. This means that all the transactions are made independently not relying on banks. Thus, the value of cryptocurrency does not get affected due to any geopolitical problem.
Second, it is only available in a limited amount i.e. the amount of crypto of any particular cryptocurrency is predetermined. It will never change. For example, the limit for bitcoin is 21 million. So, there will always be only 21 million bitcoins in the world.
Cryptocurrencies are generated through a process known as mining. Thereafter, they can be stored or spent through crypto-wallets. These wallets let you exchange crypto for any particular currency. They also allow you to make payments at places where cryptocurrency is accepted.
Some people like Bill Gates and Elon Musk support cryptocurrency. As per them, it is much better and more secure than physical money. Also, it holds great value for the future.
On the other hand, some people like Warren Buffett and Ajay Banga, consider it a bane to the world economy. They feel that cryptocurrency is the platform for criminal activities.
This actually makes us think is it actually a safe platform? This is especially important when no government or bank is involved for guarantee.
So, let’s take a look at its safety measures.
The transfer or purchase of cryptocurrency is guarded by cryptography. This means that advanced coding is used to safeguard the storage and transaction data. Thus, it is almost impossible to hack this currency. This makes crypto quite a secure platform.
Moreover, blockchain technology maintains distributed ledgers across a network of computers. The records of transactions are automatically updated in the systems of currency holders. This enhances traceability and visibility.
Anyways, cryptocurrency is not a tangible asset. However, it can be called a digital asset. Its applications are still being explored and expanded in financial terms.
Crypto charts represent the price history, volumes, and time intervals of the digital currencies, in graphical format. These are meant to help investors in making better decisions by picking equities and commodities.
Usually, a chart known as the Japanese candlestick chart is used by crypto traders. The colour, shape, and size of the candles in the chart are used as indicators. For example, a red candle is an indicator that the closing price was lower than the starting price. Similarly, a green candle represents that the closing price was higher than the starting price. The specified time frame is demonstrated in the graph.
Analyzing the Crypto Industry in India
As per a report by the Economic Times almost 20 million people invested in cryptocurrency in India, in 2021. Currently, Indian investors hold cryptocurrency worth about $5.3 billion.
The bitcoins touched their all-time highs in 2021, touching a mark of $63,729 on April 3. This has encouraged many small investors from India to focus on cryptocurrency. If the experience and sources of these investors are to be believed, the future of money lies in cryptocurrency.
Bitcoin was the first and most popular cryptocurrency, launched in 2009. It was later followed by other cryptocurrencies named Ethereum, Solana, Dogecoin, Polygon, etc.
In India, CoinSwitch Kuber is the biggest cryptocurrency exchange platform. It has recently touched 14 million users and registered a rise of 3500% in the transaction volume. The leading exchange apps WazirX and BitBns have also witnessed a growth of 1735% and 849%, respectively.
This data certainly speaks a lot in itself. The popularity of cryptocurrency is rising in India and appears to keep rising in the future as well. Also, owing to more number of buyers the demand for cryptocurrency is increasing. This has led to a several-fold hike in its price.
The cost of a bitcoin was about $0.008 – $0.08 in 2009 when it was launched. However, the present cost of a bitcoin is about $40,0000. Further, looking at the pace at which its value is increasing, more people are turning towards this form of investment.
Bitcoin Price
Is Cryptocurrency Legal in India?
On April 6, 2018, RBI imposed a ban on trading in cryptocurrency. However, on March 4, 2020, Supreme Court quashed this ban. Post this decision, RBI has taken back its earlier circular and has urged the banks to follow the decision of the apex court.
The Reserve Bank of India is responsible for managing currency and money transfers in the country. So far, the bank has supported the ban on investment in cryptocurrency. As per RBI, these investments would adversely affect macroeconomic stability.
As per RBI Deputy Governor, T Rabi Sankar, cryptocurrencies do not pass the basic scrutiny. Therefore, it will never be legalized in India. On the question of advanced economies not banning crypto, he said, most cryptocurrencies are valued in dollars and thus, do not pose any threat to convertible currencies of these countries. However, some people refer to it as the statist approach. It is assumed that if private cryptocurrencies are launched in India, RBI would lose the hold.
Presently, RBI is also set to launch their Central Bank Digital Currency (CBDC) in 2022-23. It will be a digital legal tender issued by the Central Bank. It will be the same as fiat currency, only in a different form. It will be exchangeable with fiat currency.
In Union Budget, 2022, cryptocurrency was given legal sanction, virtually. While presenting the finance bill, Finance Minister Nirmala Sitharaman did not refer to crypto as a “currency”. However, she someway gave it a legal status by labelling it as “digital assets”.
She has stated that this decision was taken in light of the phenomenal increase in the frequency and magnitude of transactions. This has ended the uncertainty over the future of cryptocurrency in India.
A heavy tax of 30% has been imposed on the income generated through crypto transactions. Also, this tax cannot be claimed for deduction. In addition, to keep track of transactions 1% TDS will be charged on the payments made using digital assets.
However, since this declaration, a number of questions have been raised. This is because the budget does not talk about regulations of crypto exchanges or investor protection. Also, how can government impose a tax without bringing the Cryptocurrency bill to legalize it?
All-in-all, the government has still not cleared the legal status of cryptocurrency in India.
Crypto Industry Market Size India
Future of Cryptocurrency in India
As per Purushottam Anand, Founder of blockchain law firm Crypto legal, “Taxing income from cryptocurrencies does not necessarily and explicitly legalize cryptocurrencies because income tax is not concerned about the manner or means of acquiring the income.” However, tax provisions for cryptocurrencies can be a step towards legalization.
Prime Minister Modi, in his speech at the “Summit for Democracy” organized by the U.S in 2021 has stated that world leaders must jointly shape global norms for emerging technologies like social media and cryptocurrency. It would help in utilizing these to empower democracy.
Also, while speaking at the virtually organized India-Central Asia summit, Prime Minister has urged a common approach to cryptocurrency.
Further, the general approach of India is going with the majority. As the majority of countries especially advanced economies are favouring this innovation, it is expected that India too will legalize it in the future.
Conclusion
The investment in cryptocurrency has enhanced several folds in India since last year. Even though the legal status is still unclear, it appears that the investors are not bothered by it.
Further, the cryptocurrency banning bill, due for the last winter session, has not been proposed by the government. Moreover, Finance bill-2022 has imposed a 30% tax on the income generated through crypto investment. This appears to be a good sign for the future of cryptocurrency in India.
Overall, it can be said that although the cryptocurrency industry in India is expanding tailing uncertainties cannot be denied.
FAQs
Is cryptocurrency legal in India?
Crypotuccureny is not a legal tender in India nor it is banned by the Indian government.
Is crypto taxable in India?
Yes, income from Crypto and NFTs are taxed at 30%.
Anagha S
