Marriage is a once-in-a-lifetime concept because it is such a significant life event. Typically, all parents will set aside some funds for their children’s weddings, which may occur shortly. As we all know, parents invest their earnings for the benefit of their families and their children’s futures.
So, what exactly qualifies as saving? Imagine saving up all of your money for a big event, from invitations to arranging the wedding in a 5-star hotel with lavish decor, providing A-class cuisine, hiring professional photographers, and wearing designer clothes as wedding attire that would undoubtedly look lavish in the eyes of guests, and would undeniably be the talk of the town for some time.
While no one considers the long-term consequences of such extravagant spending for one day, such as paying off a loan (if one was obtained), making future investments, and so on?
Yes, I agree with the concept of a once-in-a-lifetime event, but spending your entire life’s hard-earned money on one day with zero returns is absurd. Enrolling in a ‘Marry Now Pay Later’ policy, on the other hand, will help you in a variety of ways, as you will only have to pay a minimal amount as an EMI on an installment basis, rather than investing all of your savings into one lump sum, and you will have the same amount of excitement on your wedding day.
A wedding can easily cost an arm and a leg, and an Indian destination wedding will almost certainly last a week. From invitations to Haldi, engagement, and wedding functions in a luxurious resort, to meeting all of the guests’ requests for their stay, cuisine type, and other demands, tons of money.
As a result, several Indian companies have come up with the concept of a ‘Marriage loan,’ which is similar to a ‘personal loan,’ but where the funds are solely used for marriage purposes. Like the policy name ‘Marry Now Pay Later’, where you will spend all the money on your wedding and pay off the sum in later days as EMIs.
What are the Benefits of Marry Now Pay Later (MNPL)?
Availability of Maximum Tenure:
MNPL provides nearly Rs 50,000 to Rs 40 lakhs as marriage loan for length & flexible tenure of about 12-60 months. Plus comes with instant pre-approved wedding loans, within one day of submission of the required documents relating to the policy.
No Collateral Required:
Another major benefit is that no collateral support is required to enroll in MNPL policy. Just proof of income and the name of the company or organization you are working in, to get the policy sum.
No Liquidation of the Asset:
To pay for a wedding, some people choose to surrender their fixed deposit or liquidate their savings/assets early. However, in the case of MNPL, you can pay the due amount from your salary, without disturbing your investments or savings.
Reasonable EMIs:
One of the reasons I recommend MNPL is that they charge a reasonable interest rate on loans taken out. The interest rate ranges from 10.50 percent to 20.40 percent, with EMIs varying between institutions in some situations.
Marry Now Pay Later (MNPL) Schemes in India
Hotel Royal Orchid chained Bajaj Financial services company
To make wedding planning easier, Royal Orchid Hotels has launched the Marry Now, Pay Later scheme. Weddings will be held at Royal Orchid Hotels’ leisure resorts in Bengaluru, Goa, Mussoorie, and Jaipur, with the venue, decorations, catering, lodging, music, and transportation all taken care of. Royal Orchid has partnered with Bajaj Finance to offer zero-down payment wedding financing, with the first EMI due 30 days after the booking.
HDFC
HDFC Marriage Loan
HDFC Loan product is just what you’re looking for to help you pay for your dream wedding. Customers can choose from several EMI repayment choices and term lengths for their marriage loan. To help you organize the wedding, there’s also an uncomplicated online approach and speedy disbursal.
You can borrow anywhere between Rs 50,000 and Rs 40 lakh with an HDFC Bank personal loan for weddings, which has a flexible 12-month to the 60-month repayment period.
HDFC Bank provides personal loans for weddings based on your monthly pay and the company you work for, so you can acquire one without putting up any security or collateral.
ICICI
ICICI Marriage Loan
You can realize all of your wedding days desires with an ICICI Bank Marriage Loan. The interest rates on an ICICI Bank Personal Loan for a spectacular wedding start at 10.50 percent*p.a. Loans ranging from 50,000 to 25 lakhs are available to you. It only necessitates a small amount of paperwork and does not necessitate any kind of security or collateral. The ICICI Bank Marriage Loan has various repayment choices, allowing you to repay the amount over a period of 12 to 60 months.
LazyPay
LazyPay Marriage Loan
LazyPay relieves you of the stress of wedding planning. They provide personal loans up to one lac in a matter of minutes. All you have to do now is obtain the wedding loan funds and begin planning your dream celebration! Start your trip to a great life with a marriage personal loan.
Fullerton India
Fullerton India Marriage Loan
Fullerton India offers a private loan for marriage with interest rates as low as 11.99 percent* per year. The precise interest rate you’ll be paid is determined by your financial profile, which includes your good credit score, the type of your job, and your previous contact with us. The interest rate offered is also influenced by the loan term and the amount chosen. There may additionally be a processing fee of up to 3% of the loan amount.
Registering in a ‘Marry Now Pay Later’ insurance will benefit you in several ways, including the fact that you will only have to pay a little amount as an EMI over time rather than investing all of your funds in one lump sum, and you will experience the same level of excitement on your wedding day.
FAQs
What are the requirements for a marriage loan?
Only salaried employees are eligible for a marriage loan. The staff of select private companies and PSU employees are eligible for Personal Loans.
What documents are needed to apply for a wedding loan?
The following documents are required to apply for a Marriage Loan: most recent salary slips, photographs, KYC documents, and the last three months’ bank statements.
Life has become super fast and each day passes away like it’s just a matter of a few minutes. Nowadays, even 24 hours, specifically 1440 minutes seems to be less, to complete all our work efficiently. We know that time cannot be changed nor it can be rewound but our dreams and expectations remain constant. We have always heard that life is short and uncertain and without any guarantee or warranty.
Undoubtedly, you might have thought about what to do in order to achieve all your dreams and boost productivity. Nonetheless, you might be thinking that working 18 hours a day or even more will make you valuable & worthwhile. However, this misconception will shorten your already half-used life and you will definitely feel mentally tired and irritated.
To be constructive and profitable giving up on your dreams is not the right solution. To accommodate all your dreams and boost your productivity you need to learn to position and prioritise. However, if you spent all your day working hard and the end result isn’t worthwhile, then your hard work goes in vain. The conclusion determined here is that it’s not about how hard you work or how many hours you give, what counts in the end is, how you excel in the task. It’s important to make every single minute of the day get counted, rather than just doing a task and completing it. This Mantra will boost your output towards work and that’s how you will become successful and will be able to make your dreams come true. In this article, we will talk about how you can boost your productivity and can make every minute count. So, let’s get started.
The best start of a day will help to succeed. The Productive Morning Routine help to become more efficient with the limited time and energy available. But is there anything to do first thing in the morning and before the workday to become more energetic more focused and more productive? There are some strategies that will help to start a good day and help in the Productive Morning Routine.
Early to Bed and Early to Rise
The people who are working in the daytime are more productive when compared to those who are working at night. Some study says that people who wake up on time and go early to bed develop mental strength. The people who woke up on time between weekdays and weekends were more proactive, that is those who got up at the same time every day are considered to be more proactive.
Think First at Night
Sometimes people who wake up in the morning are not able to think clearly about their plans. So, some extra bit of planning at night before going to bed will help in making your next day productive. It will minimize the morning stress and give relief from strains.
Have Healthy Food
Food is important for being energetic at work. So, take healthy food to eat and that will give you energy, which in return will help in making your life productive. The food taken for breakfast decides the energy level of the entire day. Remember, that the body has been fasting for the past seven or eight hours and jump-starting your system with a protein-rich breakfast is recommended. It can help you to go endlessly with your daily work. Some quick and easy protein-packed options include cottage cheese, almonds, eggs, protein shakes, and Greek yoghurt.
Self-Control Helps Productivity
The mind is like the central processing unit which can be set according to energy. People who have a strong internal control to set the mind to be proactive can reach their desired goals. Start the day with expectations and work towards achieving them, have control over yourself and focus on your own work.
Do Exercise Daily
Healthy food sets the mood but doing regular exercises in a day will help to improve the mood and increase the ability to deal with the demands of work and help in boosting productivity. The people who have a habit of doing exercise regularly have a peaceful and constant mind. They don’t worry about little hindrances and just kick it away and go with their work. Exercising before work can improve the mood and increase productivity levels throughout the rest of the day.
Meditation brings perfection
Meditation is also one of the greatest options to take so that you can boost your productivity. If your morning routine starts by meditation, prayer, yoga and quiet time, it not only keep your mind refresh but also your body healthy. These are all great practices that can get the day off to the right start. Structured and proper meditation helps in prosperity and happiness.
Pre Plan Your Goals
Start the day with a prioritized list of tasks, actions and goals to help make your day productive. Everyone must set goals and targets and make the mind ready to achieve them. prior set of list of actions done in one day, week or month.
Always Be on Time
Reaching office at the correct time is the best disciplinary practice. So, setting a time to reach office and doing other jobs is a good optopn. Setting prior times will make the day productive and will help you in making your day productive.
How to Be Productive at Work?
The most important thing for a human in this modern world is and there’s no second opinion to it. Shortage of time can easily be included in the list of problems everyone across the world complains of—rich or poor, young or old; the problem is same for all. An important component that is associated with time is productivity. One can be productive only when they uses the limited span of time available to the maximum possible extent. One can be productive at work by following all these steps.
Multitasking
Not everyone has the dexterity of performing multiple actions in parallel. It is a skill that comes with experience. Many out there would be inclined to disagree with the concept of multitasking citing that only one task should be focused on at a time. Well, that’s not wrong but provided you know how to prioritize tasks one over the other, making time for doing two or three things at a time isn’t all that difficult. At this age, if you are a multi-tasker, then it’s an advantage for you.
Priority
A common mistake that people commit and end up doing less than they had expected is not knowing which tasks need to be completed immediately and those that can be ignored for the time being. Prioritising things which are more important over those which are less important helps you stay more productive at work. An effective way of deciding which action to place ahead of others is by analyzing the future outcomes.
Avoid Procrastination
To be honest, procrastination is a double-edged sword; you either get the work done by the deadline or ultimately end up not doing it. By staying away from procrastination, you can be more productive work in your life. Mind you, it’s going to be a difficult task, but look at the benefits—a procrastination free individual would never take things for granted. They see a job at hand and conquers it immediately.
Introspect and Retrospect
To improve efficiency at work, take time to look back at your past. Your past is your best teacher and prepares you for the present and the future. At times when nothing seems to go as planned, it’s best to take a break and introspect in isolation. Maybe the solution to all the problems has been clouded by the monotony of daily life or the regular grinding at the office. Take some time out and think about what went wrong. Going over the reasons for your past work being ineffective and inefficient would turn out to be a saviour for the ongoing tasks. It stops you from making the same mistakes again and again.
Don’t Be Afraid to Ask for Advice
This may give the other person a sense of superiority and maybe even evoke a condescending response from them but sometimes, other’s opinions turn out to be decisive. There’s no need to feel humiliated in asking others why you are lagging behind in terms of productivity. Don’t hesitate to take some work efficiency tips from someone who works with you or observes you at work. The answers can help you in improving yourself.
Keep Yourself Motivated
Keep yourself motivated to stay more productive at work. There will be times when you will feel lethargic and sometimes you will not feel like working. During these times, keep yourself motivated by reminding yourself about the benefits of doing your work on time. Reading motivational books by entrepreneurs, a note with an inspiring quote by some great person on your work desk or some inspiring video, find out a way to keep yourself motivated and work your way to success.
Give Yourself Deadline
Don’t wait for someone else to give you deadlines. Challenge yourself, define your deadline and try to do things faster. As the famous quote says, “The only person you should try to be better than is the person you were yesterday”.
Try to work better and faster every day. Competing with yourself and doing a serious efforts for self-improvement is one of the best ways to improve efficiency in the workplace
Take Cues From the Next Person
Observe how people around you function. There’s a high chance that you may stumble upon some technique to be more productive. If there is someone around who is faster and better at work, observe in what way they works differently than you. Try to adopt those habits and techniques and you will surely become a more efficient worker.
Plan Your Goals
Having a plan to utilize any given day or week goes a long way in keeping things organized and at the same time allowing ample room for accomplishment. As mentioned before founders have a lot of things to do, and planning about getting it done could be overwhelming. Creating a list of things to be done in a short time span is an essential step to attaining proper time management. A list will give an air of clarity even if it is long and overwhelming. At the beginning of the week, make a weekly plan that will list the key objectives to be accomplished in the week. This will act as a guideline for the daily plan. Any activity that is not directly related to this guideline in accomplishing the weekly objective has to be analyzed and removed. A successful entrepreneur is able to identify these actions, thus having a great impact on their business.
Don’t Get Distracted
The key to becoming a successful business leader is the ability to stay focused. Distraction will do nothing but create disturbance in your workflow, so it is important to keep your focus on the things that are important for your work. Being able to focus on commitments is an effective strategy for time management and proper utilization of time.
Complete the Less Important Tasks
Every now and then there are going to be some tasks that are that are not that important on the to-do list. However, they have to be completed so it is better to get them out of the way first. Putting them off will only make the work more tedious and reduce overall productivity.
Learn to say “No”
Do not become a people ‘pleaser’ just because of the fear of offending someone or missing out on an opportunity. Learn to say ‘NO’ when required and it will become easier to reach goals. Saying No does not mean that younare ignoring your responsibilities, it simply means we are focusing on something that actually deserves our attention.
Share Your Responsibilities
Responsibilities can be shared by empowering the employees and colleagues and assigning a different role for everyone. This will not only make the employees feel like are part of the team but also improve the company’s morale and productivity.
Understand the Purpose of the Task
One way of prioritizing tasks is by defining the clear purpose of the task. This helps in realising which task should be done urgently. This way, it becomes easier to complete all the goals that is needed to fulfilled.
Take the Help of Technology
Try out new apps or tools to see how it affects productivity. Often apps and tools help in completing the task more efficiently and staying organized. Keep checking for new apps and tools to find if some might help the company in staying organised.
Conclusion
It is going to take a good amount of efforts to actually bring these suggestions into practice. However, these techniques will surely make you more effective at work. In today’s world, where even 24 hours seems less, humans are constantly trying to look for ways to boost their productivity and the above steps can helps them making every minute counts.
Statistics revealed that 55.24% of web pages have no backlinks. This proves that many businesses still lack knowledge about SEO and backlink building benefits.
Link building has always been a fundamental SEO strategy. But landing high-quality backlinks could prove challenging for those lacking knowledge and expertise in the sector. Because Google updates its algorithms periodically, SEO specialists must develop new strategies regularly to ensure their marketing campaigns are effective.
Suppose you want to optimise your website and increase its visibility, but have no idea how to build backlinks. In that case, you’re in the right place because this article presents some actionable recommendations you can replicate.
What is link building?
Link building is a strategy that enables websites to acquire backlinks from high-authority online resources. It aims to show search engines that the website is a reliable source of information and help it rank well on the search results pages for its target keywords.
What are the best link building strategies to employ in 2022?
Now let’s find out the best link building strategies you can use in 2022.
WIDGET: leadform | CAMPAIGN: Link Building
Create share-worthy content
This one is obvious, if you create high-quality shareable content, you can easily earn backlinks because other online resources will share your articles. Suppose you want other websites, publishers, bloggers, and companies to link to your website, create link-worthy content.
You’ve probably heard this piece of information a thousand times, but we cannot highlight its importance enough. Not many companies produce high-quality content that establishes them as an authority in their industry. But you should set your business aside and create content others find useful and worthy to share.
Curate industry statistics to encourage people to list your website as an authoritative resource when they need to link back to survey reports, research studies, and other articles that provide information about industry predictions, statistics, and trends. Don’t forget to include visual elements, as they capture attention easier and make the content more reader-friendly.
Take advantage of guest blogging
Guest blogging is one of the most effective link building methods. But as trends change, so do guest post approaches, and it’s best to collaborate with a company that provides link building services if you want to make sure that your guest blogging efforts get the intended outcome. They have experience creating guest blogs for companies and publishing them online.
For guest blogging to add SEO value to your website, you must adopt an authentic and strategic approach. If you don’t write a high-quality article, you won’t get the results you aim for. To acquire referral traffic, increased organic search, high search rankings, and high-quality backlinks, you need to:
Pick your guest posting websites carefully
Ensure the subjects you approach are relevant to your sector
Write about topics relevant to your public
Create a piece of content that helps your clients fix their problems
Share personal experiences
Include links to relevant resources that add more value to your piece of content
Get involved in local blogs through commenting
Another way to increase your brand’s visibility online is to comment on other blog posts on relevant websites. However, you need to do it tactfully because Google flagged this tactic in the past. It would help if you didn’t try to promote your websites by commenting on irrelevant articles. Make sure your comment doesn’t sound forced, and you include backlinks to your website in a subtle way that makes the other internet users think you provide a genuine recommendation. When commenting on other blog posts, your purpose is to build a good relationship with the community and establish connections with content writers and publishers.
Appreciate the author and praise their knowledge.
Comment only if you can add some meaningful insight about the subject.
Link to your website only if it adds more value to the post.
Start discussions by asking questions.
Start strategic content partnerships
Co-marketing is a well-known strategy that enables you to reach more internet users and build your brand authority faster than your competitors. Considering that partnering with other brands allows you to bank on their website’s authority, you can quickly establish your brand as a trustworthy name in your industry. One of the most effective ways to use co-marketing to your advantage is to reciprocally exchange backlinks with other reliable websites from your niche or a connected industry.
However, be careful when employing this strategy because link exchange is sometimes considered a negative link building strategy. It would be wiser to hire a professional link building agency to help you get backlinks and help you find other industry websites willing to exchange links naturally.
Join podcast shows
Podcasts are quite popular among internet users these days, as more and more people listen to them. It’s quite common for brands to build backlinks to their website by joining a podcast. Reach out to some podcasters in your niche, send them an outline for a piece of content you’d want to discuss, and ask them if they’re willing to offer you a backlink for sharing your expertise and knowledge with the public.
Podcasting is a great tool to reach new audiences because people of all ages listen to them on the go because they want to learn new things in an interactive manner. There are podcasts about all subjects you could imagine, so you won’t find it challenging to get interviewed on one.
Be active on social media
There’s no secret that being active on social media platforms can help your link building strategy in 2022. By creating profiles on social media and posting frequently, you can boost engagement and help the public discover your content. Your purpose is to provide them with pieces of content they find interesting enough to share with their audiences. The method can improve your brand’s visibility and even boost your link profile. It’s recommended to post frequently on social media platforms such as LinkedIn, Instagram, Twitter, Facebook, and Pinterest.
These were some of the actional link building strategies you can employ this year if you want to improve your website’s ranking.
Learning a new language is usually a great challenge, especially if it is Spanish, which can be a bit complex depending on your mother tongue.
If you have decided to learn Spanish or are learning at the moment, you are surely wondering about the best and fastest way to do it. This article will review some tips that can be very useful if you are studying or want to learn Spanish.
Of course, one of the main goals of learning a new language is to keep it as simple as possible and fun! The study method must be adapted to how each person knows best. It is about adapting the technique to your needs, because each person is a world, and therefore, each student too!
Today, there are so many different ways to learn a language; You can take an online course, learn with an application on your own, and travel to a foreign country to learn its language. In fact, when it comes to learning Spanish, many students choose to travel to study at a Spanish language school Barcelona, for example.
Spanish can be a somewhat complicated language, especially for those who do not speak Romance languages such as Italian, French, or Portuguese. Although phonetics is quite easy to understand, grammar can become very complicated. But don’t be scared; we will see some valuable tips to make this process easy and fun to learn!
Methods to learn Spanish
The first thing to consider is what type of student you are. What is the easiest method for you to learn? Below we will mention a series of ways to think about which would be the one that best suits your needs.
Travel to a Spanish-speaking country to learn the language
Traveling abroad to learn a new language is a viable option in today’s world. There are intensive courses that last only one or two months and allow you to understand the language intensively, quickly, and effectively. There are many exchange programs for students and language trips to take in groups, such as pre-arranged trips to attend a Spanish course in Barcelona. Even if you don’t have enough money, you can get a part-time job to work while you take the course.
Study in a self-taught way
Some people are capable of learning on their own. Of course, this requires a lot of discipline and perseverance since there will not be a teacher to mark the step. If you are this type of person, you can study through a mobile application, online tutorials, or read books in Spanish (not just books, they can be logs, websites, comics, or whatever you like).
You can also watch series with subtitles in Spanish or search for the lyrics of the songs in Spanish that you like and read them while you listen to them. This way, you can learn a lot of vocabulary and pronunciation.
Take an online course
Today there are countless online courses to learn all kinds of things. Learning Spanish through one of these courses can be helpful if you don’t have much time to spare and need flexible hours. In addition, if you choose the private teaching modality, you can customize your learning to your liking.
Whichever option works best for you, it is essential to emphasize that learning a new language requires effort, perseverance, and time. You should also practice as much as you can; you must speak the language, repeat it, talk to yourself, and memorize what you learned that day. In this way, everything will be fixed in your subconscious.
Tips to learn Spanish easily, quickly, and enjoy, without stress
1) Be patient and look for motivations
Nobody is born knowing; everything takes a learning process. Don’t get frustrated if it’s hard for you at first; make yourself aware that it’s normal and that everything is incorporated much faster once the base has been acquired.
It is essential to set small challenges to be motivated and propose a goal in your learning each week. Do it in a fun way and reward yourself for your achievements.
2) Manage your time and manage your energy
Evaluate what are the things to improve by establishing priorities. If a particular topic is complex for you, spend more time practicing it until you master it.
3) Do activities suitable for your level
It is essential to respect the times and carry out appropriate exercises for your Spanish level. If you try to rush ahead to buy time, you will only get frustrated as complex topics cannot be incorporated without fully understanding the basic grammar.
Nor should you go to the other extreme and do exercises that are too easy for you, as they will be boring and you will want to quit learning.
4) Learn based on your goals and capabilities
Everyone may have a different reason for studying Spanish; the important thing is to adapt the learning based on your needs and the objective you want to achieve.
5) Talk as much as you can, and don’t be afraid to make mistakes
You must be aware that you are not only going to be wrong once but that you are going to do it a thousand times. Don’t be afraid; making mistakes is part of learning.
If an exercise goes wrong or if you can’t express what you want to say in Spanish, don’t be discouraged! Every mistake made is an advance in your learning! You must consider that when one leaves their comfort zone, they are always wrong the first few times; And if there is something that does not come out or that you do not understand, it is because you are moving from your comfort zone, which means that you are moving forward!
Advertising and marketing are great aspects of each business. Images provided better ways to do both works. Images can be counted as a simple yet effective way of advertising any platform. Using images is effective but time-consuming if one goes with the traditional way of hiring a photographer to use. Copying any available image is also another offence one can commit when related to plagiarism.
Apart from them, there are different options available for one to select their images from. One great option is to go with the facility of stock image sites.
This site provides easy outsourcing of images which can then be used for multiple purposes such as marketing, advertising, personal projects, etc.
Stock images are the available images one can prefer to use by following the terms and conditions provided to them. Currently, there are multiple sites available on the net to facilitate the use of stock images or to outsource images. In this context, the sites that allow free image stocks in 2022 are listed:
Unsplash was launched in 2013 by Mikael Cho. In the year 2021, Unsplash was acquired by Getty Images. Unsplash is counted among the top photo-sharing websites availing free stock images. Unsplash is considered a website dedicated to sharing images freely for different motives such as marketing, blogging, etc. One can use the images for personal and commercial use under the Unsplash license.
Pros of Unsplash:
Allows the facility of creating and maintaining the image collection.
Also allows the sharing of photos in wider aspects.
One can easily get the notification of newly uploaded photos from desired accounts.
Unsplash has nearly 3.48 million images available for download on its website.
Cons of Unsplash:
Searching for a particular image requires the knowledge of keywords. Hence it can be tricky to search for a single image from a pool of images.
2. Burst
Burst Homepage
Burst is a Shopify-owned free stock image platform. Shopify is a multinational Canadian-based company founded in the year 2006 by Tobias Lütke and Scott Lake. Burst is highly acknowledged due to its high-resolution images. It is a single place having a collection of images that can be used for different purposes such as business, personal, etc.
Pros of Burst:
Burst has two different options for downloading images with different resolutions. So a user can easily select the resolution they want in their image.
Burst also allows the user to easily edit an already existing image and re-post the image with the edited version as a new stock image.
Burst is an easy-to-use platform with the availability of one-click tools for a better experience.
Burst has a large community of images the user can select from.
Cons of Burst:
Bursts allow better access to Shopify users only.
3. Pexels
Pexels Homepage
Pexels is another great photo-sharing platform availing the service of free stock images to its users. Pexels was founded in 2014 by Bruno Joseph, Ingo Joseph. It was taken over by Canva in 2018. Pexels is an online platform giving out free images to be downloaded and edited for business or personal uses. Pexels allows the users with free sharing of videos and images on its platform.
Pros of Pexels:
Allows the users to build up their portfolio and albums easily.
Pexels is not limited to images only, it also allows the easy sharing of videos.
Pexels is one in all platforms for both the photographer as well as one using their clicked images.
Pexels have above 3.2 million images available for free download.
Cons of Pexels:
Due to its wide use and multiple categories, searching for a particular image can be time-consuming.
4. Free Images
FreeImages Homepage
FreeImages was earlier known as stock.xchng. It was established in 2001 by Peter Hamza. However, in 2014 it was bought by Getty Images and was renamed FreeImages. FreeImages or stock.xchng is an online platform enabling high-quality stock images to be used by users. FreeImages platform allows the user to use their licensed images for a range of uses including both their personal and business.
Pros of FreeImages:
Free Images has a wide range of collections and categories to go with.
Free Images provide their user with a similar experience to social media sites. They allow them the facility of sharing an image, setting up a profile, writing a blog, conversing with others in a forum, etc.
Free Images have approximately 300,000 stock images available to download.
Cons of FreeImages:
Even though it is a free-sharing platform, for some images, the right to share an image still lies in the hands of its owner.
5. Stocksnap.io
Stocksnap.io Homepage
Stocksnap.io was founded in the year 2015 by the team of Snappa. Stocksnap is an online platform giving out free stock images to download and modify as per the individual needs of users. Stocksnap.io provides a good collection of free stock images that can be edited, downloaded, and copied for multiple uses.
Pros of Stocksnap.io:
Stocksnap.io has an easy search directory to use with good browsing techniques explained by them on their official site.
Stocksnap.io gives out credit to the actual owner of the image, so it can be a better option for any photographer planning to build their portfolio.
Stocksnap.io has many images available for users to download from. It also has the planning of showcasing 5000 images from the same collection for providing better options to users.
Cons of Stocksnap.io:
Ads can be a little bothersome.
6. Kaboompics
Kaboompics Homepage
Kaboompics was founded in 2014 by Karolina Grabowska to provide free Images for business and personal use. Kaboompics provide the facility of surfing through several images without the need to pay a single penny. They can be used for business and personal use.
Pros of Kaboompics:
Easy user interface with timely updates.
Allows the modification and distribution of the images without the need to take prior permission for both commercial and personal use.
Lacks few categories of images as compared to similar sites.
7. Canva
Canva Homepage
Canva is a graphic designing platform mostly famous for its services to create social media graphics, presentations, posters, and other possible visual content. It was introduced in the year 2012 and founded by Melanie Perkins, Cliff Obrecht, and Cameron Adams. Canva also has several free stock images in it for use. The best point in using Canva is that it allows easy conversion of images into a custom graphic.
Pros of Canva:
Allows good planning of content with the facility of graphic designing and stock images on the same platform.
Stock images can be converted into custom graphics without the need for an extra process.
Has easy-to-use services.
Cons of Canva:
Even though it allows free stock images to users, one might feel the need to purchase its premium for better options.
8. Pixabay
Pixabay Homepage
Pixabay allows copyright-free stock images to its users. It also provides royalty-free stock images and videos that can be used for sharing without the need of giving credits. Pixabay was launched in 2010 by Hans Braxmeier and Simon Steinberger. Pixabay is an acquired branch of Canva.
Pros of Pixabay:
They provide good quality images with the addition of videos and music.
Pixabay is a multilingual platform, having 20+ languages available for use.
Pixabay has many similarities with a social media platform. Hence it is easy to use.
Cons of Pixabay:
Ads can hinder the search results.
9. Flickr
Flickr Homepage
Flickr is an image hosting and video hosting services providing platform founded in the year 2004 by Ludicorp. Flickr also provides a great platform for new photographers to share high-resolution images on its platform. Flickr has an option for the users to find images that can be later used for commercial purposes by filtering the search bar.
Pros of Flickr:
It has additional storage attached to it that can be used for downloading the images.
It is easy to use.
Cons of Flickr:
Flickr is easy to use for editing, however, can delay the response while trying to share the link.
10. Life Of Pix
Life of Pix Homepage
Life of Pix provides high-quality resolution images at free cost. It was founded in 2014 to share high-resolution images with no copyright issues on them. They can be used for both personal as well as commercial uses.
Pros of Life of Pix:
Consists of advanced features used on their platform.
One can easily search for the desired image by colour or format.
Cons of Life of Pix:
Life Of Pix is a free version but with a partnership through Adobe Stock. Adobe Stock is a paid image stock providing site. Hence one might find the need to pay for more images.
11. The Jopwell Collection
Jopwell Homepage
Jopwell is a hiring startup that helps different companies to get connected with job seekers. The prime job seekers helped by Jopwell are Black, Latinx, and North American candidates. The Jopwell Collection contains several albums all dedicated to the people of the Jopwell community. The albums shared by Jopwell are free to use and distribute as per the need.
Pros of The Jopwell Collection:
Images provided by Jopwell Collection are of high resolution.
For commercial use, there are many different options available to use.
Cons of The Jopwell Collection:
For any person to use images from the Jopwell Collection, they must give the attribute of “Jopwell” in their use.
The albums share several images, however, they lack many available categories which other sites can provide easily.
12. Gratisography
Gratisography Homepage
Gratisography contains a large community of quirkiest free stock photos. Gratisography was introduced in the year 2011 by Ryan McGuire. Gratisography was introduced to provide a completely free platform for downloading and editing images that can be used for both personal and professional uses. They have a wide range of images with the best-shared quality.
Pros of Gratisography:
Gratisography is a great alternative for finding attractive, unique, quirky images on the web.
Has a unique category to search from.
Images provided on Gratisography are of great quality.
Cons of Gratisography :
Gratisography is a great platform to select a unique and attractive image, but it does lack some regular categories from other sites.
13. Negative Space
Negative Space Homepage
Negative Space is all in one free stock image providing site. They provide free stock images almost related to all categories. The Negative Space company plans to provide a better platform for sharing images that can later be used for personal or commercial uses without the need of worrying about copyright issues.
Pros of Negative Space:
They keep updating their images every week. Hence increasing the options available on their site.
The search console is quite easy to use with all given categories.
The real concept behind the foundation of Negative Space is a much-needed chance for photographers.
Cons of Negative Space:
Negative Space is a growing community and not a fully developed platform.
14. Death To Stock
Death To Stock Homepage
Death To Stock is not a typical platform similar to all other sites shared above. Instead, it is a membership that provides easy access to 20 new photos monthly. The only required thing to do is to register with the email address.
Pros of Death To Stock:
It’s easy to get images.
Surfing time can be saved as images are directly sent to the mailbox.
One can easily get access to new photos monthly.
Cons of Death To Stock:
The options given are limited.
They provide a premium plan for any other uses.
15. Picjumbo
Picjumbo Homepage
Picjumbo was introduced in the year 2013 by a designer and photographer named Viktor Hanacek. Picjumbo is a great site providing free access to stock images without the need for a single registration on its platform. They also provide the facility of getting new images daily after subscription.
Pros of Picjumbo:
They provide high-resolution images for free download with no watermark on them.
The quality of images and categories available are best to give a try.
One can easily subscribe and get one new image daily in their mailbox.
Cons of Picjumbo:
Searching for images requires additional time due to a large number of available images on the platform.
16. Crello
Vista Create Homepage
Crello (Vista Create) is a great alternative to Canva in terms of a graphic designing platform. Crello is a free graphic designing platform also giving out the facility of free stock images on its site. Crello allows the easy search and use of stock images with royalty-free stock images.
Pros of Crello:
Crello is a big platform giving out multiple services to use.
Crello has many available categories one can look to use for stock images.
The images shared by Crello are of high resolution and royalty-free. Hence can be used for multiple purposes.
Cons of Crello:
Different platforms are giving out better service than Crello.
17. New Old Stock
New Old Stock Homepage
New Old Stock is a collection of vintage photos perfectly edited that can be used for different purposes now. These images can be freely used for personal use only. They have few restrictions on them being used for commercial purposes.
Pros of New Old Stock:
It is not easy to find vintage photos on every platform.
The vintage photos are available in the perfect condition to use with good quality and required editing.
Cons of New Old Stock:
They can be used for personal use only, commercial use is not permitted.
18. iStock
iStock Homepage
iStock is an online part of the royalty-free providing iStock company working towards the method of sharing and uploading free stock images on its site. iStock was founded in the year 2000 by Bruce Livingstone. iStock allows the easy editing and sharing of free stock images available on its site.
Pros of iStock:
iStock allows the free download of selected new images every week from its library of paid images.
stock gives out the facility of receiving a batch of free stock files every week after subscribing with the free membership on it.
Cons of iStock:
Not all images are free to use, they require payment plans to use.
19. SplitShire
SplitShire Homepage
SplitShire was introduced in 2014 as the best platform for providing free stock images and videos. SplitShire was started to distribute the recorded photos from disk to the people free of cost. It allows the free stock images to be used for personal as well as commercial use without the need to worry about any copyright problems.
Pros of SplitShire:
The images available on the platform of SplitShire consist of commendable quality.
SplitShire provides access to several categories one might want to search from.
Cons of SplitShire:
The images can be shared for personal and commercial use freely. Yet, there is the need of going through the license terms before downloading each image. This uncertainty can delay the process and consume extra time.
20. Nappy
Nappy Homepage
Nappy is the free stock image providing platform mostly focusing on sharing the photos of black and brown people. Nappy was started with the thought of making it easy for companies to be purposeful about their presentation in their designs and advertisements. They plan to share the images of black and brown people with the world.
Pros of Nappy:
It is a great alternative to go with the reality of life by considering the logic behind starting Nappy.
Nappy gives services to startups, advertisement agencies, etc. Hence one can assume the images to be of a professional level.
Nappy has its mission of providing high-resolution images to users.
Cons of Nappy:
Instead of Stock images, the site focuses on black and brown people more.
21. FreeRange
FreeRange Homepage
FreeRange Image stock has provided high quality with good resolution images to the users since 2007. The FreeRange images are licensed and allowed to be used for personal as well as commercial uses without the need for attributing. They have their collection ranging from photos, textures, illustrations, etc to provide to users.
Pros of FreeRange:
They allow easy searching options for the image.
FreeRange is a completely free website hosting a range of images to download from.
Cons of FreeRange:
They consist of images from both professionals and in-house photographers. Hence some images can be not up to the mark.
22. Startup Stock Photos
Startup Stock Photos Homepage
Startup Stock Photos are ready-to-use photos for the startup, office, tech, project, etc. Startup Stock Photos allows entrepreneurs to work with better tools and options when it comes to images. Apart from that, these images can also be used by newbies to ease out their project work.
Pros of Startup Stock Photos:
They provide the best quality images for business work.
These images can be used for personal as well as professional work.
They have a wide range of categories, irrespective of business, Startup Stock Photos can find images related to it.
Cons of Startup Stock Photos:
It is more applicable for a business.
Conclusion
Getting a perfect image can be a tiresome job. Images are the best way of illustrating your thoughts. They are an essential component in making any project. They are equally needed in business parts and personal projects such as websites, blogging, etc. However, going through different ways for getting an Image is not required currently.
One can easily take the help of free stock image sites and get the needed image without the worry of copyright issues. The free stock image-providing sites have been listed above.
FAQs
What is the best stock photo site?
Pexels, Unsplash, Pixabay, Canva, Flickr, Nappy, and Burst are some of the best stock photo sites.
Which stock image site pays the most?
Alamy is a stock image website that pays really well to its photographers, the site pays 50% to its photographers.
Are all stock image sites free?
No, not all sites are free to use. Few sites have a subscription plan available for the users to select according to their needs.
Which are the best-paid stock images sites?
Some of the best-paid stock images sites are Shutterstock, Deposit Photos, Canva Pro, etc.
Also known by his initials MJ, Michael Jordan’s biography on the official National Basketball Association (NBA) website states: “By acclamation, Michael Jordan is the greatest basketball player of all time.” The American former professional basketball player and businessman were vital in popularizing the NBA around the world during the 1980s and 1990s. Michael Jordan has played 15 NBA seasons and won 6 championships with the Chicago Bulls.
Eventually, he became a Cultural Icon. It wouldn’t be wrong to assume that the name Michael Jordan is a brand in itself. For such a popular personality and a great basketball player, brands couldn’t turn a blind eye to partner with Michael Jordan for marketing and endorsements.
Michael Jordan became one of the most marketed sports figures in history for endorsing brands which made the brands themselves big and Jordan himself popular and wealthy:
In 1984, Nike was a struggling company when they signed a deal with a 21-year-old NBA rookie. Michael Jordan signed a US$500,000 five-year contract with the company with an upfront commitment of US$250,000 and gave him his own signature brand – Air Jordan, which was more than any other NBA deal at that time.
Michael Jordan with Nike Air Jordan I
Nike Air Jordan I, the popular Black and Red shoe, was the one that started a revolution. After Air Jordan was released at a retail of US$60, it made US$126 Million in the first year alone, shattering the prediction of US$3 Million in four years. According to Forbes, it was estimated that the Nike Air Jordan brand was worth US$3 Billion and MJ’s current lifetime deal with Nike was US$1.3 Billion at the end of 2019.
Gatorade
Michael Jordan repped with Coca-Cola through several commercials in the 1980s. After the deal was up, Coca-Cola refused to give Jordan the deal he was seeking: a 10-year, seven-figure deal. Gatorade, owned by Quaker Oats at the time, pounced on the opportunity and gave Jordan the same deal which paid him US$13.5 Million over a 10-year deal to be Gatorade’s only endorser in 1991.
Michael Jordan has had a good relationship with the company. Since 1991, he has appeared in over 20 commercials for Gatorade, including the famous “Be Like Mike” commercials in which children sing a song wishing to be like Jordan. Almost over three decades later, those commercials still remain popular.
Chevrolet
Soon after he received a signing bonus of US$10 Million from the Chicago Bulls, Michael Jordan reportedly bought seven cars for his family and himself, at once! He was a big enthusiast of cars.
Chevrolet was Jordan’s first-ever endorsement deal for a sum of US$200,000 during his rookie year in 1984, well before he became an international phenomenon.
McDonald’s
The McJordan Burger was a limited edition McDonald’s Burger which was released in 1992 and Michael Jordan himself appeared in the commercials too. MJ became the first celebrity in history to have a meal named after him.
One of the most famous McDonald’s commercials was, featuring Michael Jordan and Larry Bird where they competed in a game of HORSE for the prize of Big MAC and some fries, in 1993.
Ball Park Franks
Michael Jordan’s endorsement endeavours stamped into the food industry with Ball Park Franks signing Jordan for a US$2 Million deal in 1990. Jordan appeared on the posters wearing a red basketball jersey and holding a hotdog in his hand. The famous poster at that time was Jordan in a slam dunk jump position with the hot dog in his hand, instead of the basketball.
Rayovac, a privately held battery manufacturer which was the third-largest US battery company at that time, signed Michael Jordan for a long term endorsement contract, in 1995. Although the terms were not disclosed, the deal was estimated at US$10 Million over 10 years.
According to the deal, Michael Jordan was a spokesman for Rayovac Power Station chargers and Renewal Reusable Alkaline Batteries.
Wheaties
Michael Jordan became the 7th celebrity athlete to grace the cover of one of the famous boxes when he signed up with the Breakfast Cereal brand for US$2 Million in 1988. Wheaties was a popular brand and as an athlete, you know you have made it when you have appeared on the cover of a Wheaties box.
On Wheaties’ website, they say no other athlete has appeared more on the cover of their boxes than Michael Jordan – a whopping 18 times which is a record standing till today. On eBay, some of MJ’s vintage Sports Cereal Boxes are still up for sale.
Hanes
Michael Jordan signed with Hanes way back in 1989 and continues to be the underwear company’s brand endorser to this day. In 2019, the relationship marked 30 years and it was celebrated with MJ handing out 30th Anniversary Michael Jordan trading cards featuring his ads in packages of underwear. Over 800,000 bonus packs of promotional trading cards of Hanes men’s underwear were included.
Michael Jordan Hanes Trading Cards
According to Hanes, There were 170 different Fleer trading cards produced by the Upper Deck Company for the promotion. Each pack contained five cards. Ten of the packs contained a card autographed by Jordan.
Upper Deck
Trading Card and Collectibles company, Upper Deck, signed Jordan for endorsement in 1992. Micheal Jordan’s rise was always greatly beneficial for Upper Deck, and they have pretty much been with MJ at the beginning of his career.
Upon Jordan’s two retirements, Upper Deck continued to create unique and amazing autographed cards and memorabilia in his honour, which often went for a ridiculous amount of money online.
Signed Jerseys (US$2,500), Basketballs (US$2,000) and Photographs (US$850 and up) – these were included in The Michael Jordan Collection for Upper Deck. Many unsigned photographs and prints for US$250 were the cheapest items whereas the costliest item was an autographed Fleer Rookie Car for US$30,000.
David Falk – The Super Agent Behind Michael Jordan’s Staggering Endorsement Deals
Falk’s ability to generate lucrative endorsement deals was pivotal in generating wealth and popularity for Michael Jordan, which in turn landed Falk with numerous other clients throughout the years. According to Forbes, the net worth of ‘His Airness’ as of 2021 is a massive US$2.62 Billion in inflation-adjusted earnings, making him the highest-paid athlete in the world.
There are no two opinions about Michael Jordan being the greatest basketball player of all time and the history of his endorsement deals due to his rise in sports made the name Michael Jordan, a brand in itself.
FAQs
What is the net worth of Michael Jordan?
The net worth of Michael Jordan is $1.6 billion as of 2022.
Who is the wife of Michael Jordan?
Yvette Prieto, an American model is the wife of Michael Jordan.
How old is Michael Jordan?
Michael Jordan was born on 17 February 1963 and is 59 years old.
Why Michael Jordan is famous?
Michael Jordan is known as one of the best basketball players in the world. He is known for winning six National Basketball Association (NBA) championships for the Chicago bulls and has also won NBA’s Most Valuable Player (MVP) five times
Online delivery apps are doing really well. In a world where we all are constantly online and searching for a lot of information, it has become a normal activity to order online. Companies like Amazon, Flipkart and others are now going to the marketplace for every millennial. They are easy to use, convenient to scroll and a heaven for the shopaholics. They are so easy and convenient that people today are getting addicted to the technology of online delivery. This newfound business is doing really well as the whole economy is shifting to a digital place. Everything is online, choosing an item, its delivery tracking and the payments for the same.
Not just that, entrepreneurs from all over the world then thought of inventing further in the direction. Some geniuses thought to deliver food. It was not considered a good idea in the beginning, but as people gave feedback and the delivery services improved, the idea started to seem a viable option. Then it struck, and many companies emerged to deliver food to the public.
There was Zomato, Swiggy, Foodpanda and the likes. All of them competed for one single thing, the largest market share in the food delivery sector. As the competition for market share transformed into a war, it became necessary for some companies to vanish. This competition led to the death of many food delivery companies and led many companies to go bankrupt. One of the companies that vanished from the market was Foodpanda. This article talks about the company and what were the reasons for its failure. Let us see the story in words.
People love convenience and why won’t they? Everyone wants convenience at their doorstep and this is why it is a massive opportunity for companies to scale themselves. Food delivery is a massive convenience for people in our society.
Foodpanda is one of the startups that aimed to deliver food to people in a convenient manner. Not just that, Foodpanda also delivered all sorts of grocery items to its users. It is an online food and grocery startup that was owned by Delivery Hero. It has a good stronghold in Asia and the headquarters lies in Singapore. As of now, it is the largest food and grocery delivery platform in Asia. It operates in about 12 markets in the continent of Asia.
The Timeline of FoodPanda
Foodpanda’s business strategy is an interesting read. We can learn a lot of lessons from the business line of Foodpanda. Before we go into the details of how Foodpandafailed, it is important that we know something about the timeline of Foodpanda. Here we will be looking at the humble beginnings of the company and how it went through various acquisitions on the line.
In early 2015 the company bought full stakes in a company called, TastyKhana. Along with that, the food delivery platform Foodpandaalso gained control of Just Ear India, which was a food ordering portal.
These were some moves that the company pulled off to increase revenue and scale of the company. The efforts did not really affect the revenue and the company even had to lay off 300 employees by the end of 2015.
The time was tough for Foodpandaas the company even faced allegations of malpractices. There was news that mentioned Foodpandaas a non-paying restaurant service provider and there were also allegations of fake listings. At that time, the food delivery platform was based out of Gurugram and was spread across 200 cities in the country. That was a tough year, and the next year, that was 2016, Rocket India was looking for a buyer for the company. They set the price really low, at about 10 to 15 million dollars.
A year later, in 2017 the food delivery business was acquired by Ola for a 100 percent equity and that too at a valuation of around 40 to 50 million dollars. Ola further mentioned in public that the company will further invest 200 million dollars to revive the company and make it work sharply.
After this happened and the company started to work slowly but efficiently, they began offering discounts to lure customers to use Foodpanda. Efforts gained some momentum and people started to recognise this as a good platform to order food.
By the end of August 2008, Foodpanda had reached 2 lakh orders per day of operations. It was a huge feat for the company and the stakeholders of the food delivery platform. But soon enough, clouds of uncertainty covered the sky.
Next year, that was 2019, the magnitude of the orders dropped to 5000 per day, in the middle of the year. Reacting to this, Ola made a decision to stop the loss that they were expecting in the near future. Ola, the owner of Foodpanda suspended its operations in the middle of the same year. They also fired some 1500 delivery partners or delivery executives from their job to cut the expected loss in the food delivery venture.
After that time, it is said that Foodpanda existed in a form of a cloud kitchen. A cloud kitchen was a term coined when Foodpanda acquired a company called “HolaChef” in October 2018. A cloud kitchen refers to a kitchen that is cloud in nature, which means that they only make food and they outsource the delivery and other services out of the kitchen. As a cloud kitchen business, they had three private label brands under them. In 2019, Notable names of sub-brands included FLRT and The Great Khichdi experiment.
Why Did Foodpanda Fail in India?
At its inception, the company was doing well, making a name for itself and was also working towards building a good brand value. By now we discussed the starting and the ending of this company which delivered food to its consumers. By now you must be wondering how the company failed. After we have thoroughly discussed the timeline in which the company operated, it is now time to see some reasons why it failed. Here we will be listing some of the most common and seen ways or reasons that failed Foodpanda as a food delivery company. These pointers are not just mistakes of Foodpanda but checkpoints for every entrepreneur trying to set up his venture.
If you only look at the successful ventures, you will most probably be looking at fifty percent of the whole story or probably less. So, let us see why the company failed and then we will further discuss some precautions that could have saved the company.
Now, Foodpanda was a big company, not just looking at the capital invested but the number of employees and the scale of operations was huge. Small leaking can play a big role in sinking the ship of Foodpanda but there were mostly massive issues and blunders.
Before we discuss all the factors that lead to this downfall, let us list some of the factors that lead to this situation. There was no single factor that failed Foodpanda, in fact, there were multiple reasons. Those reasons include fake restaurants and orders, technological issues and disorganised business models, lack of leadership and massive miscommunications.
Miscommunications
There was a massive miscommunication issue that went on in the company. According to a report, the company’s workers were saved from the fact that the owners have left the company. Key people like Rohit Chadda and Mohit Chadda left the food delivery business back in August 2016 and for a long time, employees were not informed about this development. It was later in time when the issue magnified itself and presented itself as a massive hindrance to profitable operations.
The company employees and workers had to face customers and calls from clients about bad operations. When they are unable to deliver food, they have to comprehend their service with free vouchers. Which was a hit to the profitability of the company. From all the instances above, we can notice that the company was suffering massive communication errors and blunders. Due to this, not only The operations were affected but the credibility and profitability were also affected.
Fake Orders and Lack of Proper Procedures
In another set of events, there was news that broke out. In May 2016, a fast-food chain, hailing from Mumbai ended its partnership with Foodpanda. The company complained that the food delivery partner owed the delivery service company payment of one and a half lakh.
It was also mentioned that Foodpanda was delaying the payment without properly explaining the reasons for such delays. After the investigation, it was found that there was no record of such a transaction in the books of Foodpanda. This was a massive blunder that was taken into notice.
To quote another instance of bad governance, we can look at the Tasty Khana case. Tasty Khana was a venture around food delivery, which was based out of Pune and was acquired by Foodpanda in 2014. The founder of TastyKhana, Shachin Bharadwaj mentioned that he was not satisfied with how the work and operations were done at Foodpanda.
He also mentioned some reasons why he disliked the operations at Foodpanda. Reasons include no check for fake orders, lack of proper procedures in place, and financial irregularities.
Documents with crucial data were accessible to everyone and there was mismanagement at almost every second step of operations. These points came right before the downfall started and was a surety factor of the failure of this company.
Failed to Technologically Upgrade
In the decade when every company moved to digital ways of doing business, Foodpanda’s shift was not strong and effective enough. Believe it or not, every company on the globe is shifting to become a technology company first and then the company which it intends to become.
In the case of Foodpanda, they did change for the better but couldn’t follow up with the demands of a digital-centric consumer. The app was not up to the mark, there were restaurants listed that did not even exist and the whole plan of retaining customers was flawed.
Poor Management
Another reason was poor management, which is also a repercussion of poor communication and predictions. Customers and restaurants who were connected with the delivery company would often argue about the bad service that they provide.
Customers had a rash experience talking to their delivery partners and delayed delivery reasons. Every enquiry that the customers made was a hit on the management team of the company. This was another reason for miscommunication which led to a vicious circle of ineffectiveness and blunders.
Foodpanda even failed to capture all the orders that were placed for them, they were also unable to communicate cancelled orders to their restaurant partners which created a ruckus for both the parties. Using the current latest technology available, the company could not figure out an optimum and smooth customer experience, for which they had to pay a price in the future.
Rohit Chadda, the co-founder and the MD of Foodpanda also founded another venture with the name, Ziner. In 2014 the website of Ziner showcased dates that were ditto the same as the Foodpanda servers and website. This action from the team was eyebrow-raising.
Later in a notice, Chaddha mentioned that no data has been taken from Foodpanda, and this is a totally different venture, not relating to the other venture that he had undertaken in the past. The company founded by Chaddha has made over 300 million dollars in sales from clients like Rocket Internet and Goldman Sachs since 2012.
More than a hundred employees from various cities left the business at Foodpanda. The resignations include those from Delhi, Mumbai, Pune and Gurgaon, when asked about the reasons for leaving the food delivery company, they stated poor management and lack of transparency of the company which posed a negative image for the company.
Lessons Entrepreneurs Can Learn From Failure of Foodpanda
There was no simple point according to the facts that prove efficiency and effectiveness in the culture of Foodpanda. Nothing worked properly up to the expected point. These loopholes can be used as a guiding light for people who are willing to amend problems and make solutions.
There was no authority figure when this food delivery company was operating but we can now take some valuable lessons. Here we are going to list some useful advice and tips that we can learn. Let us see what are these checkpoints.
A Proper Framework
As the founder of Tasty Khana mentioned that the company had no sense of operations, it was a lesson right there. A proper structure of things is important, that framework has to be well built and has to be made better through iteration.
This involves getting points on how to run a business and determining the best and most effective/efficient way of running it. The framework that we discussed just now should also essentially meet the business plan of the whole organisation. This is what good corporate governance looks like.
Strong and communicative management is crucial too. Marketing is important but if a company only focuses on pure advertising and does not look toward building a good user experience, it will cease to exist. In this segment of business, both customers and restaurants suffered from the inability of food panda and thus, the venture failed to produce desired results.
Communication for Structuring
At Foodpanda, this was the centre of all issues. Employees and the management did not communicate enough. Moreover, when repercussions happened and the company faced obstacles due to bad communication structure, even then no step was introduced to improve communication.
It was a clear sign that the company is not going to survive much. The customers, the listed restaurants and the people at Foodpanda were involved with a lack of communication which resulted in a bad working environment. No framework or strategy worked in the culture at food panda due to the lack of communication, which was the centre of the storm. This ruffled feathers of restaurants, and most consumers who shifted to other delivery apps.
Ownership Story
The founder of the company Foodpanda left their business and went out. Rahul Chadda and Mohit Chadda were the founders of the company which provided the company with their vision and started a venture. Their vision was worked upon as the company grew its scale but then this happened.
Both the founders left the company and as soon as they left, the vision of the company blurred. This blur in vision caused much trauma for the culture of food pandas. This effect was magnified with less or no communication at all. Adding to this, the founders did not even do anything to better the situation. They simply left with no scope for improvement. When Ola bought the company, they were unstable themselves and they also couldn’t figure out the work that needed to be done with Foodpanda. We all know the end and the story of the downfall of this venture.
The business world operates with a steering wheel of risk. There is volatility in every aspect of every business. There will be market conditions that you will not be able to handle but there are always options to edit the internal environment that suits the outside.
Good internal control and management will go a long way in making a venture successful. The future is uncertain but in the face of that uncertainty, there can be some certainty, which can be bought by sheer work and commitment to building a solid culture at work.
Foodpanda failed in many aspects in building a good inside culture. There were communication issues, there were ownership issues and much more. All these holes in the workings led to the downfall of such a big organisation and these little leaks sank the ship of the food delivery business. This massive failure can be one of the biggest learnings an entrepreneur can take and step forward in the direction of success.
We can learn that it is really important to frame the culture at your workplace. It is extremely crucial to document everything and do everything systematically. Even if these suggestions bring little certainty in the world of uncertainty, this is a really good deal.
Conclusion
Online delivery companies are really doing well. They are probably the backbone of the internet economy. In such a big market, every entrepreneur is trying to put their hands on to get some profits out of the flowing water. This delivery ecosystem has emerged as a new form of a sector that is food delivery. We discussed how there are many key players in the sector who are doing really good. Food panda was one of the popular names among the food delivery apps. The company was doing well until some blunders crept into working for the company.
We discussed that the company was incurring big mistakes in the department of communications and operations. There were issues on the behalf of the ownership of the company, key people, like the chief executive officers, left the company without properly framing the workings of the company. Many of the companies which were acquired by food panda disconnected from the board as the working was not efficient.
From all the blunders that the company did, we can learn a lot. Every entrepreneur who wishes to set up his own venture has to read this story of a food panda. The entrepreneur can then value the power of good communication and teamwork. It is really important to understand the value of culture at work. Culture is what sets the tone of efficiency. If the company and the entrepreneur do not work towards setting up a great culture, no other accomplishments can be achieved.
In the end, the story of the Foodpanda, from its arrival to its peak to its downfall is a really important case study for budding entrepreneurs. Failures happen so that we can learn from them and a smart person is a person who learns from other people’s mistakes.
FAQs
What happened to Foodpanda in India?
Foodpanda entered India in 2015 to capture the food delivery market but failed to do so, later in 2017 the company was acquired by Ola for a 100 percent equity at a valuation of around 40 to 50 million dollars.
Is Foodpanda working in India?
No, Ola suspended the operations of Foodpanda in 2019 as it was facing a huge loss.
Who bought Foodpanda in India?
Ola acquired Foodpanda in 2017 for 100 percent equity at a valuation of around 40 to 50 million dollars.
Done with all gossip involving Shark Tank judges and Contestants. Let’s move ahead to the new talk of the town and the biggest venture of 50+ investors all working for providing better support to future entrepreneurs.
According to the Economic Survey 2021-2022, India has become the third-largest Startup Ecosystem In the World. There are more than 70,000 startups in India with 93 Unicorns. Unicorns are companies having a valuation of more than $1 billion. With the growing numbers of startups, the government plans to provide better facilities to them.
However, starting a startup and leading it to the road to success are two different things. The government does provide better services for starting a startup. Yet, guiding a startup toward success can only be done by someone insightful. To process the needful, a group of Investors mostly successful entrepreneurs and senior leaders, came together under the brand name of Bharat Founders Fund.
Bharat Founders Fund (BFF) is an early age venture of 50+ investors looking forward to supporting startups. The group of investors includes successful entrepreneurs and senior leaders.
Amongst them, some popular names are Vidit Aatrey and Sanjeev Barnwal, co-founders of Meesho; Gazal Kalra, co-founder of Rivigo; Cars24 co-founders Vikram Chopra, Mehul Agrawal, and Gajendra Jangid; Smita Deorah and Sumeet Mehta of Lead School; Vamsi Krishna, co-founder of Vedantu; and Saurabh Garg, co-founder of NoBroker.
The tagline of Bharat Founders Fund is “By today’s leading founders, for the next generation of founders“. The BFF is a group of successful Indian entrepreneurs globally looking forward to investing in early-stage ventures and providing them with backup support for building a future Bharat.
Bharat Founders Fund has its target of funding 100 companies each year. BFF has an approximate target of spending $20 million on investments with the spending of about $1,00,000 – $2,00,000 on each startup. The startups selected by BFF can be in their early form of an idea and then can be nurtured through the efforts of the BFF team and startup leaders.
The Fund and its process will be managed by Investopad partners Maanav Sagar and Sera Arora.
Investopedia is a firm helping startup leaders get where they are going by providing them with needed support from investors and mentors.
“The idea is to help these companies get access to the best mentorship and interact with a wide portfolio of our venture partners who have built successful startups,”, expressed Maanav Saagar on his thoughts on BFF ventures.
Importance Of Bharat Founders Fund
India is in its leading position for the introduction of startups. However, there is some lack of knowledge noticed when it comes to the subject of developing a startup. The best possible help for such situations can be mainly provided by the one who travelled the same path. Funds are another issue faced by startups. To help newly booming startups with funds and guidance, Bharat Founders Fund can be trusted.
“Today, founders and senior operators in a startup have created wealth through either successful exits or employee options (ESOPs) and are actively looking to give back and invest in startups. Bringing these founders together as venture partners will allow Bharat Founders Fund to connect its portfolio companies with senior startup operators which have the experience of taking an idea (or business) from zero to one,” expressed Sera Arora in an interaction with ET.
Apart from funding a startup, the Bharat Founders Funding team will be releasing playbooks at some intervals. These playbooks can be taken as a source of overcoming some
List of Companies Bharat Founders Fund Has Invested In
As per the recent updates, BFF has already invested in 20 companies. The list of companies is:
Skillbee- A job offering platform.
Admit Kard- An EdTech Startup.
FIXCRAFT- A car service center.
Yellow Class- A new-age learning platform.
Schmooze- A dating app.
Zorp- A software developing platform.
Wegot- An IoT-based water management startup.
Basic Home Loan- A Fintech company startup.
Convin- A conversation intelligence software startup.
Little leap- An online development platform.
Bliss club- A Women’s activewear brand startup.
Qube Health- A mixture of Fintech and Health Tech platforms.
Vaya- A financial service providing platform.
Wealthy- A Financial service platform.
Cloudchef- A Enterprise service company.
Looppanel- A conversation intelligence tool.
ThisDay- An internet publishing platform.
How to Raise Funds From Bharat Founders Fund?
Bharat Founders Fund is made to invest in early-stage companies with potential ideas. There are no proper eligibility criteria for any startups to look for. The Bharat Founders Fund will accept startups from all sectors as long as it catches the eyes of investors.
One can easily contact Bharat Founders Fund by filling up the form on the website bff.investopad.com with the needed details.
Bharat Founders Fund Form
“We would like to invest and enter a company as early as possible. The idea is to help these companies get access to the best mentorship and interact with a wide portfolio of our venture partners who have built successful startups,” explained Maanav Sagar.
After funding the selected startups, investors will not lead their way to become the board members, instead, they will provide necessary decisions when required. The investor can hold the power to change or appoint a director when required.
Bharat Founders Fund is one of the biggest collaborations done by taking 50+ successful entrepreneurs and senior leaders on its team. They look forward to investing in potential startups and providing the needed support to startup leaders. The estimated amount to be spent on investments is around $20 million. BFF plans to invest in 100 companies each year.
FAQs
What is Bharat Founders Fund?
Bharat Founders Fund is a venture capital firm founded by 50 successful entrepreneurs of India. Some of the entrepreneurs are, Vidit Aatrey and Sanjeev Barnwal, co-founders of Meesho; Gazal Kalra, co-founder of Rivigo; Cars24 cofounders Vikram Chopra, Mehul Agrawal, and Gajendra Jangid; Smita Deorah and Sumeet Mehta of Lead School; Vamsi Krishna, co-founder of Vedantu; and Saurabh Garg, co-founder of NoBroker.
How to raise funding from Bharat Founders Fund?
You have to fill out a form on bff.investopad to reach out to Bharat Founders Fund.
McDonald’s has been with us through the good, the bad and the ugly. It is a big, warm hug made and served in the form of burgers and fries. Established in 1940, initially as a Hamburger stand, McDonald’s today is the most renowned and dominating fast-food chain in the world. It has one of the largest brand valuations in the world as of 2020 and still continues to grow larger and larger day by day.
There is nothing better than chowing down on a big, juicy McDonald’s burger after an exhausting day to bid your feelings a happy and delicious goodbye, isn’t it? Well, here we are with 20 bizarre facts about McDonald’s that will shock you and may or may not make you crave a BigMac right now.
Her Royal Highness, Queen Elizabeth owns a McDonald’s outlet not so far away from her humble abode, the Buckingham Palace. Who knew that even the most royal of hearts could be swayed by our cheap, evergreen delight!
2. Holier Than Thou
McDonald’s Logo
The McDonald’s arches around the world enjoy more popularity and recognition than the Holy Cross. We apologize, Pope Francis.
3. Fries and Fries and Fries
McDonald’s Fries
French fries, one of the oldest items on the McDonald’s menu, are the most popular menu item at the fast-food chain. McDonald’s buys 4.7 billion dollars worth of potatoes and sells around 13 billion servings of fries every year.
4. Bill and His Farms
Bill Gates is the largest private farmland owner in all of the United States and the potatoes that he grows are the ones used to make our beloved Mcdonald’s French fries.
5. Bigger Than a Country
McDonald’s is present in 37,000 locations and serves about 69 million customers daily, which is more than the population of Great Britain.
6. Unique Paris
McDonald’s in Paris
Paris is the only place in the world where the infamous McDonald’s arches are not of their signature golden colour. In fact, they are white!
7. Burgers Over Salads
McDonald’s Caesar salad
The McDonald’s Caesar salad is more fattening than their hamburger! While the hamburger has more calories, the Caesar salad has more fat, particularly because of the dressings.
8. Money, Money All-Around
McDonald’s, accumulating all stores and customers around the world, makes around 75,000,000 dollars per day.
9. MacCoins
MacCoins
To mark the 50th anniversary of the BigMac, McDonald’s launched limited edition MacCoins which were given to customers if they purchased a BigMac.
10. Lucky Germans
McDonald’s Burger and Beer
McDonald’s in its German outlets offers beer as a menu item, a rarity only the Germans enjoy.
McDonald’s has a special name in the market when it comes to fast-food chains in the world. It serves over 75 burgers every second to more than 68 million customers every day. It is known that McDonald’s opens a restaurant every four hours.
12. Toys All-Around
McDonald’s Happy Meal
McDonald’s is the biggest distributor of toys in the entire world. Every Happy Meal comes with a toy and the Happy Meals account for about 20 percent of the McDonald’s entire product sale.
13. Movies Before Burgers?
McDonald’s Speede Service System
Richard and Maurice McDonald started the food chain as a Speedee Service System in 1948 after having failed at making a career in Hollywood.
14. Star-Studded Employee Profiles
It is hard to believe but some really famous people, before becoming celebrities, have worked at McDonald’s like Rachel McAdams, Pink, Jay Leno, Lin-Manuel Miranda and Shania Twain.
15. The Hamburger University
Hamburger University
Yes, you heard that right! There is a university called Hamburger University in Chicago, Illinois. If you need information and training on how to open and run a successful franchise, this is the place to be!
16. BigMac Index
There is a thing called a BigMac Index, it is often used to measure a country’s purchasing power parity. Economists use it by comparing the cost of a BigMac in different countries using a common currency. Switzerland has the most expensive BigMac in the world.
17. No Beef on the Menu?
McDonald’s in India does not serve beef or pork, a special rarity only for Indians. It instead offers chicken on most of its meat menu.
18. Largest Employer
McDonald’s is the second-largest employer in the world, it has around 1.7 million people working for it. It is known that every 1 in 8 Americans has worked at a McDonald’s once in their life.
19. McRib Is Not a Rib
McRib
McRib is not a rib at all, it is made up of the animal’s heart, stomach and tripe. It is all bound together by salt and water, which then gives it the illusion to look like an animal rib.
20. Recipe Change for Fries?
McDonald’s changed the recipe for the French fries in 1992. Before that, the fries were cooked using beef tallow but after a lot of external pressure against the beef tallow, McDonald’s started using vegetable oil instead.
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 Future Group.
Supermarkets in India are unusual in various aspects, owing mostly to the range of customers and, as a result, the retail sector’s different distribution strategies. The food business in India works throughout channels, from mom-and-pop shops to major supermarkets to online grocery stores.
We all have heard about the Big Bazar, one of the largest Indian retail chains of hypermarkets. All groceries, food, clothing, and retail stores are united underneath one rooftop. The retail chain of the company was founded by Kishore Biyani’s parent firm, Future Group, which is well-known in the Indian fashion and retail sectors.
Kishore Biyani founded the Future Group, an Indian firm headquartered in Mumbai, Maharashtra. With prominent grocery chains like Big Bazaar, as well as lifestyle outlets like Brand Factory and Central, the firm is well-known in the Indian fashion and retail industries.
Future Group, an Indian conglomerate, is well-known in the Indian fashion industries and retail, including prominent supermarket chains such as Big Bazaar, as well as lifestyle boutiques such as Brand Factory. The company is also well-known in the FMGC and integrated foods production industries.
Future Group is a business conglomerate that manages practically all of its operations through its several operational entities depending on target industries. For instance, its retail business segment, Future Retail Limited, operates retail hypermarket or supermarket chains Big Bazaar (now owned by Reliance), FBB, Food Hall, Food Bazaar, Hometown, and others, while its clothing and fashion outlets Central, Brand Factory, and Planet Sports are run by another one of its business units, Future Lifestyle Fashions Limited. Furniture is sold at HomeTown stores around the country as well as digitally.
The Future Group also advertises its style and sporting brands such as Indigo Nation, Lombard, Spalding Bare, and FMCGs such as Clean Mate, Tasty Treat, Fresh, Ektaa, & Pure, Sach, Premium Harvest, and others through these numerous retail boutiques and supermarkets. It has operational firms that handle internal financial concerns and consultancy for the rest of the company.
Future Group – Industry
Future Group is a conglomerate or a multi-industry company.
Retail:
The retail industry in India is expected to increase to $1.5 trillion by 2030, up from $0.793 trillion in 2020, due to social-economic reasons such as industrialization, rising incomes, urbanization, and the expansion of nuclear families. The Indian e-commerce market, on the other hand, is anticipated to reach $350 billion by 2030, with a CAGR of 23%.
Financial Services:
India’s financial industry is broad and quickly increasing, both in terms of new entrants and the robust expansion of current financial services organisations.
The industry includes commercial banks, insurance companies, co-operatives, pension funds, mutual funds, and other smaller investment companies. The banking regulator has recently approved the establishment of new firms, such as payment banks, extending the sorts of entities that operate in the market. Nonetheless, India’s financial business is predominantly a banking sector, with commercial banks accounting for about 64% of the total capital in the financial system.
According to the Future Group’s website, more than two million people visit their digital networks and stores every day to explore their product brands and collaborate with them in procuring, producing, and transporting items that meet the requirements and ambitions of a newer or future India. This is where their name is derived from.
Kishore Biyani, began his career selling stone-wash denim fabric in Mumbai in the 1980s. He is the CEO and creator of Future Group, as well as Big Bazaar and Pantaloon Retail, two retail firms. His ambition was to make something that only the wealthy could purchase available to everyone.
He planned to develop his own brands and commerce channels, and spend extensively on building the country’s top consuming ecology in the near future. Along the way, he invested in and mentored a number of other entrepreneurs and companies. He exemplifies the company’s motto, ‘Rewrite Rules, Retain Values,’ and believes Indianness to be the organization’s fundamental value.
Future Group – Startup Story
Kishore Biyani, the founder of Future Group, started working at his father’s, brothers’, and two elder cousins’ fabric-trading firm, “Bansi Silk Mills,” but was disillusioned and dissatisfied with the way they operated the company. Kishore noted that several of his friends used to wear “stonewashed” cloth pants at that time.
His first entrepreneurial breakthrough came when he discovered a local fabric producer who specialised in that type of cloth and marketed it to garment manufacturers and distributors in the city. In 1983, he established his own company, ordering the production of attractive cloth for sale to garment makers.
Pants were once known as “Patloon” in Hindi, from which they derived their brand name Pantaloon. Kishore later founded the Future Group to give his “Pantaloon” brand a new dynamic. Using a franchise concept, he developed the “Pantaloon” brand into retail. Afterwards, when, in 2001, the basis for Big Bazaar was established, Future Group added a slew of new brands, including Home Town, Ezone, Factory, Food Bazaar, Central, and Fashion at Big Bazaar.
Kishore listed 60 percent of his firm on the Indian stock market to acquire funding for retail upgrades, development, and advertising in 1992. By 1994, the Pantaloon franchise company had grossed 9 million rupees.
Biyani built his debut department store in Kolkata in August 1997, first renting and remodelling a 10,000 square foot space. This retail chain was much more than double the size of any other in Calcutta, and within three weeks, he opened 2 more such market stores. In 2001, he expanded his success by creating a network of retail establishments under the Big Bazaar nameplate. There were more than 100 Big Bazaar outlets around the country by 2009.
The Big Bazaar shops were purposefully built to seem chaotic, similar to the classic market stalls that his consumers were already used to. The Big Bazaar shops serve over two million consumers every week, while Pantaloon Retail employs over 30,000 people and has over 12 million square feet of retail space spread over 1100 locations in 75 cities. Every year, more than 300 million people, or one-fourth of the public, visit or return to the Big Bazaar outlets.
Future Group – Mission, and Vision
Future Group’s mission statement says, ” We share the vision that our customers and stakeholders are best served by creating and executing future scenarios in the consumption space leading to economic development.
We will be the trendsetters in evolving consumer brands and delivery formats and by making consumption affordable for all customer segments. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, cost-conscious and committed to quality in whatever we do.
We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful.”
The organisation shares the vision and belief that the best way to serve its customers and stakeholders is to create and implement future consumption scenarios that contribute to economic progress.
Future Group – Operations, and Subsidiaries
Financial Services:
Future Ventures
Future Generali India Life Insurance
Future Capital Holdings (for internal financial services)
Future Generali General Insurance
Retail:
Future Lifestyle Fashion Ltd
Swathi Tiffin Shop
Future Retail Ltd
Future Enterprises Limited
Foodhall
Future Consumer Limited
Other Services:
Future Brands
Future Innoversity
Future Supply Chains
Future Group – Business Model
Being in the industry of multi-brand retailing commerce is the company’s primary focus. There are roughly 20 small hypermarket easyday outlets and over 210 supermarket easyday stores available to the organisation.
Value business and home business are the two most common retail models. Food Bazaar, a supermarket; Big Bazaar, a hypermarket; Food Hall, a supermarket; FBB, a fashion destination; and Easyday convenience stores, are all part of the company’s revenue operation. eZone, a consumer durables and electronics chain and Hometown, a one-stop shop for home renovation, are two of the company’s home businesses.
Italy-based Generali is an insurance firm that operates in India under the Future Generali Insurance brand. In India, Future Generali is represented by two legal entities: Generali India Insurance Co. Ltd. (Non-Life Insurance) and Generali India Life Insurance Co. Ltd. (Life Insurance).
Celio
Celio, a French fashion house, first entered the Indian market in 2008 in a 50:50 joint venture with Pantaloons Retail India Ltd, a subsidiary of Future Group (now Future Retail Ltd). Celio increased its interest in the joint venture to 65 percent in November 2013.
Clark
C&J Clark International Ltd. is accessories and footwear retailer established in the United Kingdom. The Future Group and Clarks Future Footwear Ltd have a 50:50 joint venture.
Staples Inc
Under a joint venture with Future Group, Staples Inc., a US-based office supplies store, has a presence in over nine cities in India.
FabFurnish
FabFurnish joined a Future Group company in April 2016.
Skechers
In 2012, Skechers entered India with a joint venture with Future Group. Skechers bought out Future Group’s 49 percent ownership in February 2019, bringing the joint venture to a close.
Future Group – Competitors
DMart, More, Spencer’s Retail Limited, Bigbasket, Reliance Retail, Star Market, Nature’s Basket, Mahindra, Hypercity, and Peppertap are the top ten competitors in Future Group’s competitive group.
Future Group – Controversies
Future Group and its founder Kishore Biyani are accused by the Jeff Bezos-led e-tailer of disobeying an interim decision issued by a Singapore arbitration court in October, which blocked the asset sale. Amazon has also urged an Indian court to imprison Biyani and has requested local regulators not to accept the Future-Reliance agreement while the arbitration is still ongoing. Amazon charged Future Group of violating provisions of a mutual agreement by publicizing an asset sale transaction with Reliance, the conglomerate led by Mukesh Ambani, in early October 2021.
Drowning in debt, Future Retail Ltd (FRL) announced in April 2022 that it has missed the deadline for repaying lenders Rs 5,322.32 crore due to continuing lawsuits with e-commerce giant Amazon and other concerns. This pushed Reliance Industries’ retail arm, Reliance Retail Ventures, to seek an amendment of the agreement’s long-stop date in order to complete the agreement with the Future Group.
The halt on the arbitral process between Amazon and Future Group before the Singapore International Arbitration Centre was removed by the Supreme Court of India in April 2022. Future Retail’s request for a stay of proceedings before SIAC will also be heard on a priority basis, according to the Bench. According to the Supreme Court’s judgement, the interim motion will be sent to the Delhi High Court, where proceedings have already commenced, as agreed by both companies.
With prominent grocery chains like Big Bazaar, as well as lifestyle outlets like Brand Factory and Central, the firm is well-known in the Indian fashion and retail industries.
Who founded Future Group?
Future Group was founded by Kishore Biyani.
Which companies do Future Group compete with?
DMart, More, Spencer’s Retail Limited, Bigbasket, Reliance Retail, Star Market, Nature’s Basket, Mahindra, Hypercity, and Peppertap are the top ten competitors in Future Group’s competitive group.
Mahenoor Mansuri
