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  • Top 15 Leading Language Learning Startups in India

    Language is a simple thing. Which helps us communicate our ideas, thoughts, opinions, emotions, and beliefs. A simple thing, language; that can make or break what we do. Be careful when you draft a message, as the sender encodes the message and the receiver decodes it.

    Having a message that conveys exactly what you want is a dealbreaker. Something that may make your deal is Language. One of the factors that could lead to miscommunication is also: Language.

    Some recent language learning startups in India are growing. People want to reconnect to their roots, want to be more fluent in a language, or simply understand one for their interest in it. Additionally, apps that help kids understand and learn English as a language with unique features are also on the rise.

    1. Hello English – Learn English
    2. Enguru – Live English Learning | Speaking | Reading‌‌
    3. Entri-learning – App for Job Skills
    4. OckyPocky‌‌ – English Kid Game
    5. Chittoo – Learn English in Hindi
    6. Step by The Hindu Group – App for Improving English
    ‌‌7. EngVarta – English Learning App
    8. FluentLife – Learn English via Chat‌‌
    9. Think and learn English – Best for Grade 1 – 8 ‌‌Students
    10. Freadom – Ultimate English Reading App for Kids
    11. Multibhashi‌‌ – Learn Languages Live
    12. Gabha – Marathi Learning Educational App
    13. BorKnow – Learn Bengali Alphabet
    14. AppChant – Learn Gujarati Letter Writing
    15. KidsLipi – Learn Hindi, Gujarati, Sanskrit
    FAQ

    1. Hello English – Learn English

    Hello English App
    Hello English App

    This tech startup from Jaipur, Culture Alley, which made Tiger Global Management, one of the influential investors based back in New York, invest in it. This strong startup also attracted engineers to join the team from IITs and colleges in Rajasthan. Initially, while developing the platform it was more focused only on teaching three languages: Spanish, Mandarin and English, via games and quizzes.

    The app has personalized courses meeting the international common core standards, for kids by experts on creative writing, public speaking, reading appreciation, phonics, and more. It became the top free educational app and achieved success within eight months of its launch.

    The app has the motive to help people land their dream jobs with the interview, impress their friends, and help with their exams. Improve your English. The co-founders of the app are Nishant Patni, Pranshu Patni, who was just a young couple back then, deciding to follow their dream.

    The app has been awarded Google’s Editor’s Choice 2018, 2017; “Indias the best mobile app of 20177” by IAMAI and Google’s Best Apps for 2016.

    Top features of Hello English

    • Helping learners to speak, read and write in English with 12 Indian languages.
    • Curated lesson plans that are made according to the learner’s personal goals and their command of English.
    • Helping learners practice their pronunciation, play language-based games, and compete in global ranks as they complete challenges. The app allows learners to interact while learning a language in a fun, creative and indulging way.
    • Enabling learners to use tools like chatbots, daily news, audio-video clips and e-books.
    • It has over 475 interactive lessons which are freely available on the app.

    2. Enguru – Live English Learning | Speaking | Reading‌‌

    Enguru App
    Enguru App

    The Founder and the CEO of Kings Learning English app are Arshan Vakil, with Udit Hinduja as the COO and the director based in Karnataka, Bangalore, India.

    The Enguru-spoken English app has a 4.5-star rating on Play Store. It also has another app to learn English for kids. With Enguru you can learn English on the go.

    Top Features of Enguru

    • Live group classes for both adults and kids.
    • Learn with Cambridge qualified teachers.
    • You have access to over a hundred books ranging across different genres, from the Penguin Readers Club.
    • You can learn through videos, have access to more than 600 lessons, and also compete with friends while learning.
    • You can customize what skills you want to focus on.

    3. Entri-learning – App for Job Skills

    Entri-Learning app
    Entri-Learning app

    This Indian startup language learning app is helping people to get a job. According to the founder and CEO, Mohammed Hisamuddin, people depend on videos that are available on the internet in English to upgrade their skills. But Entri is solving that problem for them and providing quality content to the learners which they grasp much easily for obvious reasons.

    This Kochi-based start-up was founded in the year 2017 with the aim to prepare job aspirants, for government, or private jobs by providing them with a range of learning content in local languages.

    The team behind the app is dedicated to improving and enhancing its features to make it a better learning app as per the users’ feedback.

    These Indian startups started with small ideas to make a difference in the everyday lives of the people. Eventually, the world realized and saw the potential in them, making them successful in the world of startups.

    Top Features of Entri-learning

    • It is available in eight Indian languages.
    • Helping learners in preparing for exams and upskilling courses.
    • Learners can use videos for learning. Taking a test and having a feature that provides detailed test analysis so that they can assess their knowledge.
    • It also has daily quizzes and live tests. There are also groups to discuss doubts.
    • The premium subscription provides live coaching and mentoring.

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    4. OckyPocky‌‌ – English Kid Game

    OckyPocky App
    OckyPocky App

    Founded in the year 2015 and based in Haryana, India. The founder is Amit Agarwal. The app is designed for kids which helps them to enhance their reading skills, confidently speak the language, recognize the sounds with audiovisual cues helps boost comprehension and gain a better understanding of visuals. Last but not least gives their vocabulary a boost.

    The app is supported by Google Cloud, AWS, Gray Matters Capital, Microsoft Azure, SucSEED, ah ventures and more. It has been featured on Google Play with a review of 4.7-star ratings on Google reviews and it is kids safe. It has also bagged many awards and some rewards include:

    • Business Excellence Conclave 2021
    • Education Excellence Conclave
    • GMC Calibrator – jury winner

    Top Features of OckyPocky‌‌

    • Has fun reading activities.
    • Get instant feedback on pronunciation.
    • Boosts creative development and sharpen their abilities.
    • Enriches cognitive development.
    • Engages kids to learn with gaming and contests.

    5. Chittoo – Learn English in Hindi

    Chittoo App
    Chittoo App

    This app helps you learn a language in a smart way. With the advancement of technology, Chitoo helps you learn English in Hindi combined with the power of Artificial intelligence (AI) The app is based in Bangalore, India, with its founder being Gaurav Dobhal, started in the year

    There is really no need to actually download the app and it makes learning English as easy as chatting with a friend where you can learn how to have conversations revolving around topics based on your everyday life.

    Top Features of Chittoo

    • It has AI-based chatbots powered by Facebook Messenger to have personalized conversations.
    • It gives you hints to the answers.
    • Has a unique algorithm to detect and correct your mistakes.
    • You can save space on your mobile.
    • The lesson plans provided are absolutely free.

    The app is currently available for Hindi speakers, but according to updates, other languages might be added soon.

    6. Step by The Hindu Group – App for Improving English

    The standardized test of English proficiency (STEP) is an English certification exam for both Indian students and job-seekers. Improve Your English from The Hindu Group (THG) has over one million users. Their programmes help you improve your listening, speaking, reading, and writing skills in English. ‌‌

    Top Features of Step by The Hindu

    1. Learn from the experts with interactive video lessons.
    2. Mini-games designed for different English skills.
    3. Have fun while learning.
    4. Don’t just learn, but also track your progress and take tests that are reliable.
    5. Offers specially designed premium courses for different types of audiences.

    The app also provides you with free daily content to learn from.

    ‌‌7. EngVarta – English Learning App

    EngVarta App
    EngVarta App

    This one-on-one English practice app helps you to learn from your mistakes. It encourages you to learn English in a friendly environment and also allows you to listen to your own recordings, revise and learn from your own mistakes.

    Top Features of EngVarta

    • Connect with live English experts over a phone call helps you practice anytime, at your own pace, comfortably and conveniently.
    • The freedom of having an anonymous identity gives you the freedom to speak without the fear of making mistakes.
    • Improve your spoken English by practising with a live English trainer.

    EngVarta also gives free video lessons and practice tips from the experts.

    8. FluentLife – Learn English via Chat‌‌

    FluentLife App
    FluentLife App

    The app is a product of uFaber Edutech. The co-founders of the app are Anirudh Swarnkar and Rohit Jain developed it with the aim to armour you up with advanced communication skills so that you can speak your mind, fluently without being judged. And help you battle jargon and slang. They hold the promise to transform you in three months.

    The app plays around with technology, there are many kinds of bots that help you get fluent in English with personality bots, grammar bots to get instant feedback.

    Top Features of FluentLife

    • Supports you with a virtual friends’ circle.
    • Helps you learn with interactive chats.
    • They learn about your profile and giving you a demo class is also a part of their four-step process before starting your journey.
    • They have masterclasses, AI personalities and provide you with a personal trainer.
    • Improves Contextual Vocabulary.

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    9. Think and learn English – Best for Grade 1 – 8 ‌‌Students

    Think and Learn App
    Think and Learn App

    This premium app that caters to children from grave 1-8 is from the massive e-learning platform giant BYJUS itself and has really cute animations to appeal, catch the attention of the children and make learning. The app is from Think and Learn by BYJUS Pvt. Ltd.

    Top Features of Think and learn English

    It has immersive activities to engage kids like having conversations, games, and a library based on different chapters with interactive animation-based videos.

    • Kids can get feedback on their pronunciation which helps improve it.
    • It has a contextual dictionary to help you instantly understand the meanings
    • And reading comprehensions integrated with activities.
    • They have a character named Kurios the cat, to cater to the children.
    • Reports that give assessing five primary skills.
    • Giving adaptive based tests to the children to determine the learning path that is best suited for them.

    The interface is simple which makes learning fun and exciting for the children to master the English language.

    10. Freadom – Ultimate English Reading App for Kids

    Freadom App
    Freadom App

    fREADom is a Delhi-based app by Stones2Milestones, a comprehensive learning platform for children to learn to read in English under the age of 3-12. By cultivating the discipline to learn through daily habits. Children get content personalized for them and a reading log to help keep track of things. Having fun features like badges and points to keep the kids engaged and motivated.

    They have partners like Harper Collins, Penguin Random House, BookBox, BaalGatha, and more. Stones2Milestones also has MultiStory learning under its acquisitions. ‌‌

    Top Features of Freadom

    • Helps children gain confidence to learn and read English.
    • Has audiobooks and stories in the form of videos.
    • Gives information about facts and happy news for children.
    • It is child-friendly.
    • It helps you find age-appropriate content.
    • Provides a growth report to help track the progress of the child.
    • It has reading challenges and more cost-effective tuition.

    11. Multibhashi‌‌ – Learn Languages Live

    Multibhashi App
    Multibhashi App

    Not only does it give you the option to learn English as a language, but also other international languages. Like French, German, Spanish, Portuguese, Korean and more. This app has a 4.3-star rating on Play Store and originated from Jaipur, India. The CEO and founder of the platform are Anuradha Agarwal. The platform has a base of more than 15 lakh learners.

    Top Features of Multibhashi

    • The bot trainer helps you to take learning at your own pace.
    • The app also has many Indian languages that encourage people to go local.
    • Live online classes that help you learn better.
    • You can choose the way you want to learn one-to-one or one-to-many.
    • Live to quiz and doubt solving sessions are a plus. The platform keeps learning fun and intuitive.

    12. Gabha – Marathi Learning Educational App

    Gabha App
    Gabha App

    Thinking about learning Marathi? Here is another platform to give you a shot at learning the Marathi language. Marathi Learning-Educational App – Gabha/ Marathi has a rating of 4.9-star in Play Store.

    Top Features of Gabha

    • It suits all segments Marathi speakers, non-Marathi speakers as well as kids.
    • Useful while learning or teaching Marathi as a language.
    • It is an informative learning app that will take you back to the basics, learning various aspects like alphabets, compound words, names of fruits, flowers, colours and more.
    • You can evaluate your progress with worksheets.
    • Has videos, visuals, and audio to make the learning engaging for you.

    13. BorKnow – Learn Bengali Alphabet

    BorKnow App
    BorKnow App

    The app BorKnow Learn Bengali Alphabet by Mass Software Solutions Pvt. Ltd has been developed in Kolkata, India. It has been specially created for preschoolers to learn Bangla vowels and consonants.

    Top Features of BorKnow

    • Makes learning of the Bengali Alphabets easy with animations, graphics, and audio.
    • Has animations and colourful pictures to get the kids interested.
    • Makes the reading process smooth by providing exact pronunciation.
    • Has engaging and creative ways to get children into learning Bengali

    14. AppChant – Learn Gujarati Letter Writing

    AppChant App
    AppChant App

    AppChant is a software startup for mobile platforms. The company is headquartered in Bangalore, India, and its other language learning apps include many other languages like Tibetan, Russian, Arabic, Tamil, Malayalam, and so many more. The developer of the respected app is from Karnataka.

    Top Features of AppChant

    • You can write the Gujarati alphabet with tracing path guides with step-by-step line segments giving directions for writing.
    • Animations and colours are included to make learning fun.
    • Flashcards that help both beginning and intermediate learners and all those who are keen on learning a new language.
    • The app is also for kids who are newbies at learning the language.
    • It is an educational app that includes learning the alphabet, phonics, native Gujarati and more.

    If you wish to explore the other language learning apps, search for Appchant on the Google Play Store.

    15. KidsLipi – Learn Hindi, Gujarati, Sanskrit

    KidsLipi App
    KidsLipi App

    The founder of KidsLipi Inc. is Samir Patel. This language learning startup has developed the platform with the aim of helping kids learn Indian languages.

    KidsLipi specifically designed for kids has a minimalist design following an easy to navigate user interface. Added kid-friendly games with more than twenty activities to make the process enjoyable for them.

    Top Features of KidsLipi

    • It has essential and additional categories to learn from the above-mentioned languages.
    • Enables learning in a fun, effective and easy way.
    • You can track your activities, progress.
    • The app allows the teaching process for both the teachers and the parents.
    • Teachers have the advantage of creating custom quizzes, activities, and games.

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    Conclusion

    You can find many apps that will do the job of helping you learn languages, but not like the ones that will take you back to your native languages from your own country and like your own people. We all share the same culture, values, traditions, and demographics and no one will understand the struggles/problems that you will encounter while learning a new language. So, if you are wanting to go back to your roots, help teach your kids, or are simply curious to learn and understand a new language. Give any of these apps a shot.

    FAQ

    What is a language learning startup?

    Language learning apps are apps that help people learn different languages.

    What are some of the top language learning startups in India?

    Hello English, Enguru, Chittoo, Freadom, and Gabha are some of the top language learning startups in India.

    Are language learning apps profitable?

    Yes, language learning apps are profitable as many people want to learn new languages. As of 2020, the revenue of language learning apps is $6.18 billion.

  • The Most Trusted Shipping Companies For E-Commerce

    Online shopping can be a saviour when it comes to great shipping are an easy delivery policy. As of 2020, 2.1 billion people are online shoppers and every online customer wants great shipping for easy delivery options and to get delivery quick and fast. Shipping refers to the transportation of goods from one place to another place.

    Now, for shipping purpose, e-commerce company uses different companies across the countries. But, getting the one that satisfies all the needs, can be a tricky one and often difficult. Here is the list of best-shopping companies for e-commerce in India so, let us see the complete insights on the topic- The Most Trusted Shipping Companies For E-Commerce.

    1. Delhivery
    2. Indian Postal Service
    3. Blue Dart
    4. Ekart
    5. FedEx
    6. DHL
    7. eCOM Express
    8. Shiprocket
    9. Zipping Logistics
    10. iThinkLogistics
    11. DTDC
    FAQ

    1. Delhivery

    Delhivery Logo
    Delhivery Logo

    Delhivery is one of the most reliable online delivery companies in India for domestic shipments in India. The aim of the courier service is to deliver satisfaction to the customers at their doorstep in less amount of time and apart from domestic shipments, it also offers services for reverse logistics and also, international shipments too. It is known for catering to the need of various successful e-commerce businesses in India. With it, one can provide on-demand delivery on the same day or next day delivery along with time-based delivery according to the convenience of the customer.

    2. Indian Postal Service

    Indian Postal Service Logo
    Indian Postal Service Logo

    Indian Postal Service is one of the oldest courier services in India and, has been in service for years, also known as one of the best shipping companies for e-commerce in India reliable and has the highest coverage and maximum reliability, for which it is known for years. The rates are also affordable and the services are extremely satisfactory. The tracking shipment is also very accurate. The service can be very useful for companies who have started their e-commerce due to its easy nature of use.

    3. Blue Dart

    Blue Dart Logo
    Blue Dart Logo

    This courier company needs no introduction as they have been one of the most popular e-commerce shipping companies in India. Blue Dart is headquartered in Mumbai, Maharastra. They have their subsidiary cargo airline and also provide courier service for e-commerce websites. It was founded in November 1983 by Tushar Jani, Clyde Cooper, Khushroo Dubash.

    Other services include delivery, express mail, freight forwarding, third-party logistics serving the whole South Asian Country zone, known for its good service factors. They have a strong delivery base in India. The shipping rates are also quite affordable,  making it a more profitable company, preferred by e-commerce companies.

    4. Ekart

    Ekart Logo
    Ekart Logo

    Every person who has ordered from Flipkart must have known Ekart. It is also a very popular e-commerce delivery partner in India. It is an electronic commerce subsidiary company Flipkart Pvt Ltd. It is headquartered in Banglore and was founded in 2009, by Flipkart. It currently serves 38,000+ pin codes throughout the whole country.

    The courier company has service klick2Shop logistics services international, a Singapore – based company that invested 1641 crore INR in Ekart in October 2017, giving it a backup and strengthing the position of the company in the Indian market.

    5. FedEx

    FedEx Logo
    FedEx Logo

    FedEx is known for its excellent delivery service and affordable prices in the areas of its services. The features like large volumes of shipments, high-speed shipping requirements, high levels of customization and flexibility, has an on-premises solution with limited internet connectivity, manages customer relationships by integrating FedEx service with the warehouse management system (WMS), enterprise resource planning (ERP) systems. The shipping rates are also very affordable.

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    6. DHL

    DHL Logo
    DHL Logo

    DHL (Dalsey, Hillblom, and Lynn) is an international courier, parcel, and express mail, division of the German logistics company Deutsche Post DHL, one of the largest e-commerce shipping services in the world, present in 220 countries and territories, worldwide. They deliver over 1.3 billion parcels per year. They are known for their standard domestics and international parcel pick-up, delivery, and return solutions for business customers, including e-commerce logistic services.

    7. eCOM Express

    EcomExpress Logo
    EcomExpress Logo

    Another newbie in the field of the e-commerce shipping market. It is suitable for both shipping and logistics services. It is a leading end-to-end logistics solutions provider that focuses on speed, safe and reliable nationwide express delivery, especially for the e-commerce industry. It has more than 600 thousand+ satisfied customers and has 25,000 pin-code coverage in more than 2400 cities. The rates are pretty affordable and are known for their great service quality and quick timing.

    8. Shiprocket

    Shiprocket Logo
    Shiprocket Logo

    It is one of the cheapest e-commerce delivery solutions in the fast-moving world, as they provide services at discounted prices. It has partnered with the courier partners like DHL, FedEx, Ecom Express to provide automated shipping solutions to the e-commerce business to choose a delivery partner for every order depending upon the price,  pickup, delivery region, and their preference. The company can also sync their orders from all channels and ship them to one platform.

    9. Zipping Logistics

    Zipping Logo
    Zipping Logo

    It is a courier aggregator company that allows shipping anywhere in India to up to 15,000+ pin-codes, pricing is also very affordable in nature. It provides an easy solution that focuses on the user’s processes and allows the users to save time, logistics conveniently, connect with multiple carriers, multiple sales channels on one platform. It has over 2145+ clients and serves over 22491 areas of Pin Code.

    10. iThinkLogistics

    iThink Logistics Logo
    iThink Logistics Logo

    It is a very new company in the market of e-commerce logistics as it was launched in 2017. Even though it is a new company, it is the first one to use AI-driven technology, to ease up the work in the supply chain. They are currently spread to 26000+  pin codes in India. They have the highest successful delivery percentage of 89% in India.  It has gained popularity because of its transparent, cost-effective services, NDR technology, hard-working teams, cooperative founders. It also managed to bag a position in Your Story’s top tech startups in 2018, a year after their release, making it the most talkable courier company for E-commerce.

    11. DTDC

    DTDC Logo
    DTDC Logo

    DTDC is in the shipping industry since the 90s with a widespread network throughout the nation. The services offered by DTDC are highly reliable but may not be affordable for small e-commerce businesses as the prices are quite high. An established venture can easily afford DTDC services. The company originated in India but has spread across 20 countries.

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    Conclusion

    India is a nation of 1.4 Billion people where the demand for logistics is huge. The demand for these companies will rise exponentially in the future, even in international waters because of the increasing exports of our inbuilt varied culture that we uphold in front of the entire world. It is the perfect time to start a shipping business as the world will lean towards logistics in the upcoming years.

    FAQ

    Which courier service is best for e-commerce in India?

    Blue Dart, Delhivery, DHL, DTDC, Ecom Express, FedEx, are some of the best delivery services for e-commerce in India.

    Which is the fastest shipping company in India?

    DHL Express is the fastest shipping company in India.

    Which is the biggest courier company in India?

    Blue Dart Express is the biggest courier service company in India with a market cap of approximately 156 billion Indian rupees as of 2021.

    How to tie up with courier for e-commerce?

    There are several things that need to be taken into consideration. Before you tie up with a courier company check shipment rates, understand the mechanism and hidden costs in service, check how can you benefit, and talk to other e-commerce to know better. After selecting a courier company for your e-commerce reach out to the service provider and you are all set.

    Which is the best courier service provider in India?

    Considering reliability, consistency, and quality FedEx and Blue Dart are best. But they are very expensive. If you are a startup or small e-commerce business and cost is the constraint then Delhivery, GoJavas, Shiprocket, and  DTDC are the best options.

  • Justdial – Local Search Related Services Provider

    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 Justdial.

    We have long passed the days when we need to go out and search for the services we need. This transformation can largely be credited to the emergence of the latest technologies and the internet.

    It is the online searching that we generally rely on today, via which we can search for the services that we require, find where they are located, and opt for them at our ease. One of the major proponents of the Indian internet technology ecosystem that has radically changed how the people of India benefit from the local search results is Just Dial.

    Founded in 1996, Just Dial India brings the best local search platform for people across the Indian subcontinent. The Mumbai-based company was founded by VSS Mani and has successfully operated independently throughout the years. Reliance Retail now owns majority stakes (66.95%) in the company, which it acquired on July 16, 2021, for Rs 3,497 cr.

    Check out all about Justdial here with this StartupTalky article, including the Founders of the company, Funding, and Investors, Business and Revenue Model, Startup Story, Logo, Tagline, Competitors, Challenges, and more.

    Company Highlights

    Startup Name Justdial or JD
    Headquarters Mumbai, India
    Sector Search Engine and Internet
    Founders V.S.S. Mani
    Founded 1996
    Total Funding $$85 mn (2021)
    Revenue from Operations $21.37 mn (Rs 159 crore in Q3 FY22)
    Valuation $339.42 mn in (Rs 2,525.15 crore in FY20)
    Website justdial.com

    Justdial – About
    Justdial – Startup Story
    Justdial – Founders And Team
    Justdial – Tagline, Slogan And Logo
    Justdial – Mission and Vision
    Justdial – Business And Revenue Model
    Justdial – Marketing Strategies
    Justdial – Funding And Investors
    Justdial – Growth
    Justdial – Challenges
    Justdial – Awards and Achievements
    Justdial – Competitors
    Justdial – Future Plans
    Justdial – FAQ’s

    Justdial – About

    Justdial is an internet technology company based in Mumbai, India that provides local search services for different kinds of companies and services in India over the phone, online. Founded in 1996 by VSS Mani, Just Dial has evolved to be India’s largest and the most popular local listing service company when Reliance Retail decided to acquire majority stakes in it in 2021. With this, the Mukesh Ambani-led company forayed into the local search services space.

    Just Dal still operates successfully and is the most popular choice for the Indian people looking for local services or companies via web and mobile applications.

    Justdial – Startup Story

    “People say proud beginnings are seldom successful,” and Just Dial is just another example to prove the same.

    The company, which later rose to the heights of the Indian local search services giant, had a humble beginning. The primary idea of Just Dial was germinated when VSS Mani worked with a yellow pages company in 1987 when he thought to replace the yellow pages with a database of information that the users can use to get what they need while also giving them the opportunity to list their own services.

    To start with, Mani first registered the Mumbai landline phone number 2888-8888 under his name. He looked for financial backing to seed fund his company but without being able to find any, he started with a seed capital of Rs 50,000 in 1996. Back then it was a team of 5 employees, a few rented computers, and some borrowed furniture.  The place of the beginning was a hired garage where the Justdial employees initially operated from.

    The company eventually started gaining popularity and it was in the year 2007 that it launched an internet and mobile app version of the database “Justdial.com”. Beginnings are always tough. It’s never a bed full of roses for anyone! It was really hard for the new startup company too, but anyway it made it and now we all know the word ‘JustDial‘.

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    Justdial – Founders And Team

    V.S.S Mani is the founder and CEO of the company Justdial.

    V.S.S. Mani, CEO, Justdial

    V.S.S. Mani

    V.S.S. Mani is the Chief Executive Officer(CEO), Managing Director, and the founder of Justdial. He is associated with the business since it was incorporated. He is an experienced visionary with over 33 years of experience of entrepreneurial experience. Born in Tata Main Hospital in Jamshedpur in 1966, Mani grew up in Calcutta and had dreamed to pursue his graduation in Commerce and later obtain a CA degree. Mani was enrolled in the University of Delhi and though he tried to attempt both he failed due to the lack of adequate finances.

    Mani started his job at a yellow pages company, United Database India. While working Mani suddenly reflected that the database the company had would be more accessible and useful via phone. This led Mani to start up with Ask Me, which was launched back in 1989, however, the company didn’t make it up that much back then and rather needed a makeover in the form of Just Dial, which he founded in 1996.  

    Among the key executives of Just Dial, the company currently works with Abhishek Bansal (CFO), V Krishnan, and has earlier worked with Ramani Iyer, who worked with the company as a Director.

    The tagline of the company is Anything Anytime Anywhere. It’s said that it’s India’s number #1 local search engine for its users. Its work is to provide information to its users about ‘anything’ at any point in time – ‘anytime’ and in any place – ‘anywhere’.

    The logo of the company is:

    Justdial Logo

    Justdial – Mission and Vision

    To “provide fast, free, reliable, and comprehensive information to our users and enable discovery and transactions for all products and services” is the mission and vision of Justdial.

    Justdial – Business And Revenue Model

    The business model of the corporation is primarily a combination of free and paid services. The listing of the small businesses is made available free of charge. The company’s goal is to work on a collection of data processes and provide the users with all the data they need on their phones, SMSs, and the internet. The company earns from a list of small businesses paying up to be listed on Justdial. The “Indian Google”, as Justdial is often termed, works just like Google, and has almost revolutionized the Indian local searching.

    The Revenue model of the local search services giant largely depends on the premium subscription, classified ads listings, analytical reports, and the data it possesses. Initially, it used to work as a telephone directory-based model. In the year 2019, the company recorded a revenue of INR 984.46 Crores. Justdial noticed a jump in its total revenue, which amounted to 1,092.81 crores INR in March 2020.

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    Justdial – Marketing Strategies

    Justdial has relied on traditional as well as digital marketing strategies to extend the brand reputation. Furthermore, the company has also depended on popular mediums like Television, Print, and even Radio, along with going with the latest Online media. By selecting a super easy number to remember, Just Dial has made the game super easy. The company had initially chosen the number 2888-8888 and currently operates with the same as well as another mobile number that goes 8888888888.

    Justdial also catapults with their word-of-mouth marketing due to the exemplary service that the brand provides its users. Furthermore, the company has also roped in Amitabh Bachchan as their brand ambassador during the extremely popular KBC shows, which helped the company a lot in its marketing. The other forms of marketing that steer the company ahead are Google Keywords, other digital marketing tools, traditional banners, placards, and everything else.

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    Justdial – Funding And Investors

    Justdial has raised a total amount of $85 Million in funding over the 3 funding rounds.

    Date Transaction Name Money Raised Lead Investors
    January 25, 2016 Post-IPO Equity $18 Million Nalanda Capital
    June 27, 2012 Series E $57 Million Sapphire Ventures, Sequoia Capital India
    June 6, 2011 Venture Round $10 Million Sapphire Ventures and Sequoia Capital India

    Justdial is funded by 6 investors. Sequoia Capital and Nalanda Capital are the most recent investors.

    Justdial – Growth

    The company is a Mumbai-based local search services company that has seen quite a growth from its humble beginnings. The VSS Mani-led company has last been recorded to be operating with over 10,000 employees and a database of more than 29.4 million listings and 536,236 active paid campaigns.

    According to the latest reports dated January 19, 2022, Just Dial has recorded a 61% dip in its net profit in Q2 FY22, which stood at INR 19.4 crore, and earlier was INR 49.9 crore, during the same period in the previous year. The operating EBITDA of the company stood at Rs 10 crore, excluding its ESOP expenses. The Q3 earnings of FY22 were recorded at Rs 159 crore from operations, which was reported to be around a 6.9% drop from Rs 169.5 crore in Q3 of FY21.  

    On July 17, 2021, Reliance Retail Ventures announced that it would be acquiring around 67% (66.95%) shares in Justdial. This amounted to a total cash consideration of Rs 3,497 crores.

    RRVL, backed by Mukesh Ambani had earlier acquired 40.95% stakes in the search and discovery platform, Just Dial, and then made an offer to acquire another 26%. According to a recent press release, Reliance has confirmed that VSS Mani, founder of Just Dial will continue to lead the 25-year-old company as the Managing Director (MD) and Chief Executive Officer (CEO).

    Justdial – Challenges

    Beginning in an age where internet services were at their nascent stages, Justdial had to face numerous challenges involving the implementation of the latest search services, improving its mobile app, and more. Justdial also witnessed several issues associated with their data quality, location data, search inconsistencies, data attributes and values, and marketing its services.

    Justdial – Awards and Achievements

    Some of the prominent awards and achievements that Justdial received throughout its journey are:

    • It received the E&Y Entrepreneur of the Year (Services) Award at the Ernst & Young Awards of 2013
    • Justdial was conferred upon the Jury Special Commendation Award at the Young Turks Awards – 2012
    • The company was declared as the Best VC-backed Media & Communication Company at the VCCircle Annual Awards – 2012:
    • Amity Global Business School – 2012 recognized Justdial with the Amity Corporate Excellence Award for Customer Service
    • Justdial received the Award For Innovation In Business Process by Citi Commercial Bank in the Empowering growth of Emerging Enterprises in 2012
    • The company was conferred upon the International Red Hat Innovation Award at the Red Hat and JBoss Innovation Awards of 2010

    Justdial – Competitors

    The company has got various competitors working in the same space. The top competitors are:

    • Sulekha
    • IndiaMART
    • Asklaila
    • Quikr
    • Urban Company
    • Zimmber
    • Nearbuy
    • Timesinfoline
    • Exporters India
    • Fxchng
    • EC21.

    Justdial – Future Plans

    Justdial is looking to improve its profitability and emerge stronger as a brand along with maintaining its popularity and further leveraging it via its parent Reliance Retail. It also aims to grow its recently launched B2B marketplace, JD Mart.  

    Justdial – FAQ’s

    What is JustDial?

    Justdial or Just Dial is a company that provides local search for different kinds of services in India over the phone, online.

    Who is the Founder of JustDial?

    V.S.S Mani is the founder and CEO of the company Justdial.

    What services does JustDial provide?

    The company is engaged in providing search-related services to its users. It is also engaged with other information-related services.

    Who are the competitors of JustDial?

    The top competitors are Sulekha, IndiaMART, Asklaila, Quikr, Urban Company, Zimmber, Nearbuy, Timesinfoline, Exporters India, Fxchng and EC21.

    Who is Justdial owner?

    With over 66% stakes in Justdial, the Justdial owner is Reliance Retail.

  • How to Start an Online Tuition at Home in India (8 Simple Steps)

    Online tutoring and courses are the new norms in education. This post will tell you how to become a private tutor. The useful tips explained in this post will help you become a successful tutor from home and whether to pursue the profession part-time or full-time.

    In India, the online tuition business is growing at a rapid pace. The emergence of platforms like Unacademy, online offerings by Time, Career Launcher, etc. shows how lucrative and profitable the online education segment is. Private tutors who have established their private tutor business and reputation can easily charge anything between Rs 1,000 and Rs 5,000 per hour, some even going higher than this. Then, there are complete courses on offer which can start from Rs 5,000 to even a lakh rupees!

    1. Subject Knowledge
    2. Tutoring Business Plan
    3. Marketing And Competition
    4. Insurance
    5. Teaching Environment
    6. Mode Of Payment
    7. Cancellation Policy
    FAQ

    1. Subject Knowledge

    To start an online tuition business, you need to choose a subject in which you have deep knowledge. A subject where you don’t rely on rote-learning but know the concepts inside-out. It’s not necessary to have a graduation degree and depends on the country you live in.

    Educational qualification is highly valued in India. So if you plan to teach Physics to Indian students but don’t have a degree in the subject, students won’t enrol in your course. Having a degree from a prominent institute strengthens your reputation as a tutor.

    Attracting students also becomes easy then. It’s not difficult to find subject experts who can’t teach the concepts and theory to students in simple language. You may have all the theoretical knowledge in the world but if you don’t know how to convey it, tutoring is not meant for you.

    Next check the demand for lessons in your subject. For example, if you are teaching Maths, English, piano, or guitar, it helps to know how trending the subject is in terms of online tutoring. Teaching something specialized is a major factor that allows you to charge lucrative fees. Also, there is a need for regular lessons on the subject. Having a one-off lesson with a student and ending it there won’t make up for a good tutoring course. Regular delivery of content is essential to becoming a private tutor.

    You want to teach one subject or several, that’s up to you. It’s suggested to start out with one subject and then branch out further gradually.

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    2. Tutoring Business Plan

    Tutoring Business Plan
    Tutoring Business Plan

    A business plan is needed for every business and the same goes with tutoring as well. Having a tutoring business plan is important and is overlooked by too many tutors. When they finally realize the importance of having a business plan, it’s too late. Why a business plan? Partly because it gives you a set of concrete goals to work towards. What do you want to achieve in six months? In a year? What are your target students and what do they require from a tutor? A business plan ensures you have an answer to these questions.

    People also want lessons for different reasons. A parent might want their son to learn Maths to get into university while someone else may want to learn the subject for acing an Olympiad.

    You need to think about your market carefully. Think about how much you’re going to earn in one or two years. Write down the topics to give yourself tangible goals. The business plan also provides motivation because the first year of setting up the tutoring business can be tricky and draining.

    3. Marketing And Competition

    Marketing your Tutor Business
    Marketing your Tutor Business

    Identify how other tutoring businesses and individual tutors are marketing themselves. Do you see flyers in shops or in your locality? What about business cards, online advertising, Google AdWords, Facebook ads? You need to analyze both online and offline mediums to identify marketing techniques.

    You can then find other ways to market your business that are unique. Promotion is the hardest part of the online tutoring business. Unless people don’t know you exist, there’s no chance to build a tutoring career with a bright future. Advertising is highly effective if you know how to do it.

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    4. Insurance

    One point often overlooked by people wanting to become a private tutor is insurance, specifically public liability insurance. Private tutor insurance is mandatory in this business. You need to protect yourself in unforeseen circumstances; there’s that one troublesome student who can disrupt your tuition business.

    If a student gets injured while he or she is at your home? What if the student trips over something and comes down crashing on your glass table? Though it’s a rare occurrence you can’t disregard it. Liability insurance for tutoring businesses is important to protect yourself just in case there are accidents or negative incidents with students at your home.

    5. Teaching Environment

    You need to have a neat and tidy workplace conducive to effective learning. There should not be too many distractions. It is important to dress appropriately and give the impression that you are a serious tutor.

    In case you live in shared accommodation, tell the other housemates or occupants living with you to not disturb while you teach. Setting up a disciplined teaching environment is important for your tutoring business to be successful.

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    6. Mode Of Payment

    You should first offer a trial or a free first lesson to start. But in that trial lesson, make the payment mechanism clear. Otherwise, if you try and be too nice and relaxed about payment, people won’t hesitate to take advantage of you and create difficulties and cancellations.

    You are self-employed, so be serious and lay out your payment guidelines. You can offer discounts which will encourage people to enrol in your lessons. Defining the modes of payment accepted and the payment policies are important to establish a solid tutoring business.

    7. Cancellation Policy

    You need to have a detailed cancellation policy to avoid problems and awkward situations. Inform this policy to students before you start teaching them. It also protects your income. Say, if someone cancels the lessons 24 hours in advance and if they have paid for a block of lessons, your policy can include the clause, ” You don’t need to pay for next week’s lessons.”

    Conclusion

    This post is about how to start online tutoring in India and it also details the basic considerations and points you need to follow to set up your tutoring business. Tutoring is a low-cost, high-income business that’s gaining popularity in India. Choose the subject of your expertise and get your business started. All the best!

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    FAQ

    How to start a tutoring business in India?

    A step-by-step guide to becoming an online tutor:

    1. Determine your requirements.
    2. Know your audience.
    3. Choose your subject topic.
    4. Choose a specific course pattern.
    5. Set the course model.
    6. Choose an online platform to sell your courses.
    7. Manage your courses.
    8. Market your e-learning platform.

    What are the ways to find students for online tutoring business?

    5 Quick Ways To Find Students For Your Online Tutoring Business:

    1. Use Free Classified Ads To Find Students Online.
    2. Find Students For Online Tutoring through Social Media.
    3. Get students through Tutoring Directories.
    4. Find More Students through SEO-Optimization.
    5. Get tutoring students by Blogging.

    How to create an online teaching website?

    Steps to create an online tutoring website:

    • Step 1: Shared Hosting.
    • Step 2: Install WordPress.
    • Step 3: Install a Theme.
    • Step 4: Create Pages.
    • Step 5: Market Your New Website.

    How to start online tuition at home in India?

    You can start online tuition at home in India by focusing on the given points:-

    1. Prepare yourself and analyse your capabilities.
    2. Study the demand for teaching in your area.
    3. Maintain a good rapport with the parents.
    4. Create a reputation as a good teacher.

  • Benefits of Coworking Spaces | Are Coworking Spaces Really Good for you?

    Coworking spaces as the name suggests is a place where people come and work on projects together. It can be used by a small company with fewer employees or just a solo freelancer looking for a place to sit and work.

    For India, coworking is a fairly new concept that is getting extremely popular day by day. The advent of coworking space has ushered in a change, a significant one to be precise. The boom in the realty sector speaks volumes about this trend, entrepreneurs and their ventures have not shied away from expressing their conformation.

    A 2018 report by Small Business Labs forecasts strong growth in the shared working space segment, with as many as 189 coworking spaces opening around the world.

    A big number of startups emerging every day need space to work and getting a normal office space in a metro city may cost a bomb that a startup can’t afford. Also, there are many freelancers and solo workers that are increasing with the rise of the gig economy. But is coworking good for your company? Before one decides to work, it is more than an obligation to detail out the benefits of coworking spaces and their drawbacks to assist with the decision-making. It’s time to make note of some observations!

    Benefits of Coworking Spaces
    Drawbacks of Coworking Spaces
    FAQs

    Benefits of Coworking Spaces

    1. Networking Opportunities

    Networking opportunities in Coworking Spaces
    Networking opportunities in Coworking Spaces

    When you are in the midst of various like-minded individuals seeking to disrupt the conventional setup, the chance of building a strong network increases multi-folds.

    In these coworking spaces, there will be people with similar mindsets and interests that would allow user interactions that benefit the business. One might also get to meet people that are working on the same thing as them and might learn a few new things. One could even find potential business partners or investors in these places to build the business.

    Interacting with people will not only bring knowledge but will also open new paths to success. Ask any businessman or top-level executive out there about what constitutes success in the industry in the long run and you’d hear one common ingredient—connections. That is why it is said your network is your net worth. To reap the benefits of a well-connected network by shifting to a coworking space.

    2. Flexibility in leasing options

    No need to end up on a five-year contract. To accommodate, the diverse wants that startups and organizations tend to ask for, coworking spaces providers offer a multitude of leasing plans. Pay on a monthly basis, daily basis, or why not maybe, on an hourly basis! Moreover, you always have an option to change if you didn’t like it or are bored.

    3. Amenities

    Gamin in Coworking Space
    Gamin in Coworking Space

    Foosball tables, billiards, gaming consoles form a small part of the perks associated with leasing a shared space. Lounge, chill-out areas are some attractions that entice startups into shifting their base to such a setup. If you were to set a relaxation room at your own cost, then the realization of receiving free perks would kick you hard!

    4. Mentoring sessions

    Mentoring Sessions in Coworking Space
    Mentoring Sessions in Coworking Space

    While this facility may not be available at all coworking places, a few which offer the same enable you to take advantage of mentoring sessions by industry veterans organized occasionally. Then there are the frequent training and development programs held at coworking spaces to further enhance knowledge about the art of pitching, securing funding, etc. And how can we forget about restaurants and cafes in close proximity?

    5. Source of Creativity and Motivation

    Homo Sapiens tend to be influenced by peers, either for the wrong or right reason. Coworking spaces give rise to the latter. In an office setting where everyone is working on out-of-the-box solutions, it’s in the pipeline to be impacted, in a positive way though. Others’ creativity and innovation ought to ignite the ingenuity lying dormant within oneself. This isn’t assured but there’s a strong possibility.

    6. Flexible working hours

    Most people do not want to work in an office because they have to work at a particular time. And they would like to work on their own time. Different people feel productive at different times of the day. Coworking spaces give you the freedom to choose work time. One can work and set schedules according to their will and comfort. This makes working more fun and builds productivity with the benefits of a coworking space.

    7. Saves Money

    For startups with a small team, Coworking spaces are fairly cheaper than a proper office space. One can pay less than half the rent that would usually be required to rent a full-fledged office. The best part is that space is already furnished, with all amenities; hence there won’t be a burden about getting the furniture and other equipment for setting up office space. This saves loads of money and becomes the key benefit of a coworking space.

    If you have made up your mind to move to a coworking space we have made an exhaustive list of all popular coworking spaces operating across India.

    Users of Coworking Spaces
    Users of Coworking Spaces

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    Drawbacks of Coworking Spaces

    1. Branding and Expansion

    Once established, the organization/startup can no longer function with coworking spaces for an office. A full-fledged headquarter is needed in this case and in no way can a shared working area meet this requirement. As a matter of fact, the larger the corporate brand value, the larger the official premise.

    2. Renovation restriction

    The ambience may seem comforting initially, but gradually the eye would want to see something different. The extent of renovation permissible to members of such working areas is limited. And it’s well known that the ambience of a place is decisive in maintaining comfort level along with a good mood. Well then you know it’s time to change the space and move to another one.

    3. Privacy

    Privacy in Coworking Spaces
    Privacy in Coworking Spaces

    Do I need to actually elaborate on this? Working in a cluttered workspace with all kinds of commotion means productivity is sure to go down. Even a private cabin won’t do much good unless it is fitted with sound-absorbing walls. Sensitive information is also bound to be compromised in this setting, which means confidentiality and integrity are at high risk of being violated. Apart from privacy, Coworking spaces can become noisy and cause distractions.

    4. Expensive per square foot

    A 2015 Bloomberg report put forth the observation that per tenant, coworking spaces are more expensive than renting a single desk through some other means. Thus for an extremely small team, other cost-effective options need to be figured out. It is to be noted that coworking spaces are gradually bringing down this cost.

    5. ‘Close’ Competition

    Competition in Coworking Spaces
    Competition in Coworking Spaces

    Rivals under the same roof, and that in turn evokes a state of intense hostility. With various ventures in the same coworking space, there are chances that competitors previously unknown to each other, would end up in not so cordial rivalry. This could further trigger a chain of unwanted events accompanied by nothing but undesirable outcomes.

    Mutual understanding among individuals is one of the most important thing to overcome the cons/drawbacks, thereby making coworking the path to the future of work.

    In whatever country one resides, there are numerous workspaces that let one work at minimal pricing. So many of these can be selected according to your suitability and comfort. Having delineated the pros and cons of a coworking setting, it’s quite clear that such a way of functioning is a double-edged sword. Jump into the bandwagon keeping in mind the possible consequences that need not necessarily bring good news at all times.

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    Conclusion

    Coworking spaces can be a blessing in disguise if you play your cards wisely and smartly. It all depends on your needs and requirements. The best option is to have an office set up in a coworking space if you have a small team.

    Working from a coworking space can open many doors. It can help you save more money, use resources from coworking space, and help you network and connect with professionals in the same field as yours. As compared to having an own office space, coworking space is the wiser and better choice. Before proceeding glance at the benefits of coworking spaces and their drawbacks, analyze and evaluate your needs and then make a decision accordingly.

    FAQs

    How does a coworking space work?

    Coworking spaces are essentially shared workspaces. They offer affordable office space for those looking to escape the isolation of a home office or coffee shop. These shared workspaces offer a suite of office-like amenities such as hot desks, private meeting rooms, kitchens, coffee, and more.

    Is a coworking space worth it?

    Lower-cost memberships may also limit your access. If you can’t use the space when you need to work, it doesn’t make sense to pay for it. And if you travel a lot for your work, joining a coworking space might not be worth the money either. Privacy and storage concerns.

    Why do coworking spaces work?

    Having a shared space and creating a sense of community is another reason why people chose coworking spaces. Office in a coworking environment lets you surround yourself with goal-oriented and high-achieving professionals. Having so many professionals in one room means your networking opportunities are endless.

    What makes a great coworking space?

    A truly great coworking space, one that gets people talking, will provide its members with features that will enable their productivity and growth, make utilizing the space fast and seamless, and the community building effortless and enjoyable for everyone.

    How do coworking spaces make money?

    Coworking spaces earn the majority of their revenue, unsurprisingly, by renting out desks (61%). One in ten spaces earns all of their money from desk rental. The average space earns ten percent of its revenue from renting out meeting rooms and event spaces (10% each).

  • Automakers That Failed To Set Their Foot In India

    With over 1.3 Billion people, India is the second most populated country in the world and when there are so many people, almost everything is larger than life here. So naturally, it is not a surprise that India is the fifth largest automobile market in the world in terms of sales. Brands like Maruti Suzuki, Hyundai, Tata Motors are already a hit in this country and are making heads turns of their customers with their amazing automobiles.

    While some brands experience immense success in the country, some of them got exposed to failure as well. In this industry, some automakers failed to make a place in the fifth-largest automobile market in the world. This article will talk about all those automakers that failed to set their foot in India and the reason behind it. So without any further ado, let’s get started.

    “Car designers are just going to have to come up with an automobile that outlasts the payments.”

    -Erma Bombeck

    Why Automakers are Struggling to Succeed in India?
    Automakers That Failed In India
    FAQs

    Why Automakers are Struggling to Succeed in India?

    Two brands that can set their name on the top automakers’ list with their powerful performance in the country are Honda and Hyundai. It wouldn’t be wrong to say that they are ruling the Indian market.

    On the other hand, there are some of the automakers who are struggling in our country to lay their foundation. Some of the reasons for this are listed down below:

    • Increasing fuel price is said to be one reason.
    • It is also revealed that some concessional GST rate was not allowed by the Government.
    • One of the reasons is also the higher road taxes.
    • India is a price-sensitive market and people mostly focus on small cars here, for their needs. A company has to be very precise about this.
    • Planning of the products by the automakers was poor and naturally, they were not able to adapt to the market.
    • Another reason is some of the companies are not able to judge the growth of India’s automobile market.

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    Automakers That Failed In India

    India is a country where a single company dominates more than a quarter of its sales. Maruti Suzuki and Hyundai are the top two companies that dominate the automobile industry. There are some global known brands who failed to set their foot in India and we are here to discuss them.

    Harley Davidson

    Harley Davidson
    Harley Davidson

    The legendary American Cruiser bike was not able to set up its brand in the Indian market. It is said that in 10 years, Harley Davidson was able to sell a little more than 27,000 units in the country. While its competitor Royal Enfield sells double the number of bikes every month. Some of the reason for this is down below:

    Not the Right Market

    India is a country that is considered one of the biggest two-wheeler markets in the world, but it is not a market for big bikes. In India, over 90% of two-wheelers are small motorcycles and scooters as they are easy to maintain as well.

    Expensive Offerings

    Another vital reason has to be the price; the most affordable bike from this brand costs somewhat 4.7 Lakh. That kind of pricing is extremely high for the people living in a country like India.

    Tough Competitors

    Royal Enfield proved to be a better companion for the Indian customers over Harley Davidson, in terms of price, lighter in weight, and easier to maintain.

    High Repair Cost

    India’s roads are somehow filled with potholes and Harley Davidson bikes are quite expensive to repair if it is damaged by potholes.

    General Motors

    Chevrolet by General Motors
    Chevrolet by General Motors

    This American multinational automotive manufacturing company is considered as one of the best and biggest manufacturers in the country but unfortunately, it was not able to establish its power in India. When General Motors first came to India, it was able to sell quite a decent number of cars but with time, the average popularity started declining. So, General Motors 2017 decided to close its operation in India. Some of the reasons that it failed in India are:

    Failed Business Strategy

    The management of a company is one of the most important factors for its survival. As per reports, decisions regarding the company took a lot of time which resulted in not being able to reach a proper strategy for the business at a time.

    Weak Dealership Networks

    The dealership networks of General Motors were quite weak. The customers’ main issue was with the dealerships as they were not that confident regarding the products of GM.

    Bad Resale Value

    GM launched over 20 different models in 20 years and also withdrew 10 of them. Naturally, the change of the model lineup affected the resale value badly, and the customer service was also not up to the mark.

    Fierce Competitors

    General Motors’ technology was not that modern. Reports said that there are cars that barely pass the emission tests. Other brands focused on updating the technology of their car and were quite fierce competitors for GM.

    Failed to Attract the Right Audience

    GM never introduced top models that are famous in other countries in India. Naturally, it was not able to attract the attention of people in India.

    Ford

    Ford
    Ford

    Probably one of the biggest shocks the Indian automobile market got when Ford decided to stop making cars in India. The products were well made and were affordable to buy as well. Still, it failed to crack the Indian market, and the reasons are down below:

    Sudden Rise in the Price Factor

    The sudden rise in the price factor of Ford is one of the reasons, the company lost its place in the Indian market, the maintenance cost started rising of the new models. This high ownership cost became a problem for the customers; which also resulted in decreased sales.

    Not Concentrated on the Right Models

    Ford didn’t concentrate on SUV when it started getting momentum. Thus it misses out on a great opportunity to use the model to encourage the brand in the Indian market.

    Wrong Investment Decisions

    The cost structure is another problem, Ford invested where it was not needed, for example, they invested in world-class factories. It was not able to meet the expectations of its potential customers.

    Lack of Proper Marketing

    Ford slugged in making its brand big in India, while other brands like Hyundai worked 24/7. This is one of the reasons, plus the aggression that was needed for marketing, was missing in Ford’s startegy.

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    Conclusion

    The Automobile market in India is a huge one, one needs to concentrate on various structures to make their brand a successful one in the country. The automakers that failed in this country are a big lesson for those automakers that wanted to make the 5th largest automobile market a hub for their brand.

    FAQs

    Which Indian car companies are closing?

    Ford, General Motors, Fiat, and Harley had exited the Indian automotive market.

    Which car company stopped making cars in India?

    Ford India closed its operation in 2021 due to huge mounting losses.

  • Success Story of Savart: Company That Helps You to Manage Your Investments

    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 Savart.

    Everyone yearns to make money and get rich. But, you simply cannot become wealthy with that increased paycheck. It all boils down to wealth management. Dave Ramsey rightly says, “money moves from those who do not manage it to those who do.” Money management, however, is not so simple. It requires knowledge, observation, expertise, and patience.

    Savart, a fintech startup by Sankarsh Chanda, is here to simplify investment management for you. Savart combines computing accuracy with the best of human intelligence. Savart advises over 100 crore rupees in assets and works with clients from over 30 countries. (As of January 2020)

    This ensures easy, safe, and profitable investments through its award winning research methods. StartupTalky interviewed Savart CEO Sankarsh Chanda, who started the company when he was just 18!

    Savart – Company Highlights

    Startup name Savart
    Headquarters Hyderabad
    Founder Sankarsh Chanda
    Industry Investment Management
    Founded 2017
    Registered Entity Name Svobodha Infinity Pvt.Ltd
    Total Funding $644.9K

    Savart – About
    Savart – Industry Details
    Savart – Founder And Team
    Savart – The Idea And Launch
    Savart – Name,Tagline, And Logo
    Savart – Business Model And Revenue Model
    Savart – Customer Acquisition
    Savart – Funding
    Savart – Challenges
    Savart – Competitors
    Savart – Achievements
    Savart – Awards
    Savart – Partners
    Savart – Advisors And Mentors
    Savart – Future Plans
    Savart – FAQs

    Savart – About

    Savart is a wealth management platform that simplifies investing in mutual funds, stocks, and bonds both online and offline. Savart combines machine accuracy and human intelligence to help its customers invest in stocks and mutual funds wisely. The company has a research team that does paper-based analysis, meets the management of listed entities, talks to dealers, suppliers, and customers to find out the strength of the entities/firms and take investment decisions accordingly.

    Upon signing on its platform, Savart prompts the users to fill an EFG (Emotional Financial General) form. After the EFG analysis, Savart suggests suitable investment options for the user based on their needs and expectations. The user can also manually research and invest in instruments without any guidance. There is the option for users to choose investment goals and Savart then shows combinations of mutual fund, SIP, and STP plans for achieving these goals.

    Savart’s services include:

    • Suggesting investment portfolios based on one’s needs, goals, risk appetite, etc.
    • Facilitates subscription and redemption of units by transmitting user’s money and instructions to AMCs based on instructions given by the users.
    • Securing user’s personal and financial transactions related data.
    • Lets the users track their investments.
    • Facility to undertake ‘KYC’ requirements.

    One can also access Savart’s services through the Savart app. The app is available for both android and ios as well as on the web. The Savart app has several interesting features and has received positive reviews from customers. One such feature is ‘round-up’. Through this facility, Savart stacks up its customers’ savings with loose change from every transaction and on the accumulation of a certain amount, the savings are invested into ETFs.

    Savart strives to provide uncompromising advice and research to individuals and institutions irrespective of their quantum of investment. Savart envisions itself as an end-to-end investment services company that helps people realize their dreams & passion. Savart has its office in Hyderabad.

    Savart – Industry Details

    The asset management industry in India is one of the fastest growing segments in the world. Corporate investors AUM (Asset Under Management) stood at US$ 127.65 billion, while HNWIs (High Net Worth Individual) and retail investors reached US$ 99.05 billion and US$ 82.03 billion respectively in December 2018. India is among the top five countries in terms of HNWIs in the Asia-Pacific region.

    The wealth management industry is likely to grow at 10-15% in the next five years.

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    Savart – Founder And Team

    Sankarsh Chanda is the Founder and CEO of Savart.

    Founder & CEO, Savart
    Sankarsh Chanda – Founder & CEO, Savart

    Sankarsh founded Savart in 2017 when he was only 18 years old. He is a certified Research Analyst, investor, author and fund manager. Sankarsh’s book Financial Nirvana that he wrote when he was just seventeen, explains the art of investment and how to profitably manage one’s hard earned money.

    Other core members of the Savart team are:

    • Aditya Ranade (Chief Investment Officer): Aditya worked with companies like RBS & Morgan Stanley before joining Savart.
    • Sridhar Vetapalem (Chief Financial Expert): He has 15+ years of fund management expertise.
    • Taruni Chandrasekhar (CFO): Taruni is a Chartered Accountant and Chartered Financial Analyst.
    • Pavan Kumar Kotamurthy (Research Analyst –Head): He is a Registered Investment Adviser, Research Analyst, MFD & ED certified, and was with NISM before joining Savart.
    • Prakash Raju (Rural Operations Head): He has 20+ years of expertise in rural marketing.

    Savart – The Idea And Launch

    The ideation happened when Sankarsh was only 14 years old. He read an article on“value investing” by Benjamin Graham which stressed on the importance of picking stocks trading for less than their intrinsic value for a profit opportunity. Sankarsh found the idea of value investing interesting and wanted to experiment with it. He convinced his elder sister and started trading through her Demat account. It began with just Rs 2000 that he got as a scholarship and saw his bets pay off quickly. Sankarsh continued thoroughly studying market trends and the balance sheets of different companies to build on his knowledge.

    It was never an idea to startup or set up a company. It was a simple idea to give investment advice, build investment strategies and invest; over time, the idea of doing this at a scale and combining my philanthropic interests gave birth to Savart. – Savart founder, Sankarsh Chanda.

    Sankarsh started freelancing and drawing investment strategies for individual clients when he was just 16 years old. He was seventeen when the Savart founder published his first book, Financial Nirvana. Meanwhile, Sankarsh joined the B.Tech. course in Bennett University, Greater Noida.

    Ajay Batra, the Director of the Center of Innovation and Entrepreneurship at Bennett university gave Sankarsh the confidence to start his venture. Sankarsh invested the money he earned through various investments for launching Savart. He interviewed about 400 people from diverse economic backgrounds to understand customer requirements better before working on Savart.

    Savart stands for ‘The Art of Savings’.

    Savart Logo
    Savart Logo

    The reason we give importance to saving in our name is because it is the fundamental requirement before beginning to invest. And we believe it sounds good too. – Savart founder, Sankarsh Chanda.

    Savart’s tagline is ‘Dream Up.’ The tagline is a reflection of Savart’s commitment to helping people ‘live’ better dream bigger. Savart helps to make quick money in the share market. The company’s aim is to help people realize their dreams and passion. The current logo was finalized upon after some iterations and wasn’t a one-time outcome.

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    Savart – Business Model And Revenue Model

    Savart’s services range from financial planning to investment advice and goal planning. Savart follows a simple revenue model; for the services provided, customers are charged as per the following plans:

    • For Investments between zero to 4,00,000, the charges are Rs.1299/- per annum.
    • For Investments exceeding INR. 4,00,000 , the charge comprises 0.5%(upfront fee)+ 3% of pre-tax net profits(performance fee).

    The company charges 1-2% as commission for mutual fund investments.

    Savart – Customer Acquisition

    Savart’s initial set of customers came from the team’s families and business connects obtained through referrals. Constant communication with the clients, keeping them in the loop, regular feedback collection, and constant improvements to its online platforms are some of the measures Savart takes to retain customers and uphold client satisfaction.

    Savart – Funding

    Raising funds has been an enriching experience for the Savart team, as said my Sankarsh. On May 6, 2018, Savart raised $100K in funding. Savart raised seed funding of $544.9K in November, 2021.

    Date Stage Amount Investor
    May 2018 Pre-seed $100K Undisclosed
    November 2021 Seed $544.9K BEENEXT, Yatra Angel Network

    Savart – Challenges

    Investing in people and finding the right talent has been a pain-point. Savart has upskilled several individuals to get the maximum out of its team as well as to help its employees move up the progress ladder. Sankarsh mentions that like every other startup, Savart also has downtime and that’s when the team needs some extra motivation. The customer first mindset uplifts everyone in times of distress.

    During our meetings, we have an empty chair and assume our customer is there, watching us work. This makes sure that we don’t get distracted or demotivated. – Savart founder, Sankarsh Chanda.

    The company never fails to celebrate milestones, no matter how big or small. These include feature release, team member induction, and positive customer feedback among others. Reaching out to the masses and help them invest and make money is Sankarsh’s personal motivation booster.

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    Savart – Competitors

    There are many fintech startups that deal with stock, share and mutual funds investment. Some of the top competitors of Savart are:

    Savart seeks inspiration from different entities; it is inspired by companies like Zerodha in terms of reach and services, by the likes of Oaktree capital management in terms of their investment research and quality of the team. However, Savart differentiates itself from others through its deep-tech research, customer experience, and the niche customer segments it targets.

    Savart – Achievements

    Some significant achievements include:

    • Savart sold mutual funds worth Rs 3.5 crores and stocks worth Rs 2 crores within a month of launching its online platform.
    • The company is managing an AUM of around 100 crores.
    • Savart was featured as one of the most promising fintech startups in the world by Burnmark, London.

    Savart – Awards

    Savart has received the following awards:

    • SMC Startup pitch Award – Mumbai 2018
    • T20 Starpreneuer of the Year – Mumbai
    • Delhi – NCR TiECoN’s QGLUE Design Entrepreneur of the Year

    Savart – Partners

    Savart has partnered with Bombay Stock Exchange for mutual funds. It is also licensed as a Registered Investment Advisor by SEBI.

    Savart is not a broker. So, it has partnered with Upstox, a Mumbai based discount broking firm , for final transactions. Savart is looking forward to partnerships with some other digital brokers. The startup is also in touch with banking correspondents to enhance its offline presence.

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    Savart – Advisors And Mentors

    According to Sankarsh, a mentor is one who adds direction and motivation to the business, offers continuous constructive criticism, and helps build the right culture for the organization. Savart is being mentored by the following experts:

    Ajay Batra: Mentor and Business Adviser, Director Bennett Hatchery, ex-Citibank. It was Mr. Batra who gave Sankarsh the confidence and support to think of entrepreneurship, and is mentoring Savart since day one.
    Sandeep Kataria: Ex-Marketing Head, Voonik and CureFit.
    Hemkumar Vajjha: Chief Technology Adviser MD, Impetus Solutions.
    Venkat: Development Head – Tech, Impetus Solutions, 25+ years of tech expertise.

    Savart – Future Plans

    Savart is all set for expansion and growth. Savart’s major bucket list items for the future are:

    • Opening offline stores.
    • Installing automated investment machine. The machine will be set up as an offline kiosk and users will be able to make investments using a debit card or cheque.
    • Making the Savart platform available in languages like Hindi, Telugu, and Gujarati.

    Savart – FAQs

    Who is the CEO of Savart?

    Sankarsh Chanda is the Founder & CEO of Savart.

    How much is the Net worth of Savart?

    Savart net worth is 100 crore rupees in assets (As of January 2020).

    What is Savart?

    Savart is a wealth management platform that simplifies investing in mutual funds, stocks, and bonds both online and offline. Savart combines machine accuracy and human intelligence to help its customers invest in stocks and mutual funds wisely.

    Who is Sankarsh Chanda?

    Sankarsh Chanda is the Founder & CEO of Savart. He also launched Stardour – a SpaceTech company.

  • NestAway Success Story – Home Rental Has Now Become Easier!

    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 NestAway.

    The home rental has been a pretty rigid segment, particularly in India. Homeowners have qualms about hiring tenants and it’s not a smooth sail for the latter either. Unrealistic advance deposit demands, lack of proper amenities and facilities, and turbulent rental agreement fiasco are just some of the problems that hamper the entire process.

    NestAway, a Bengaluru-based startup has identified this crisis and is now setting things right. This is a detailed article about NestAway, how the startup came into being, and how it is operating to simplify the process of finding rented accommodation.

    NestAway – Company Highlights

    Startup Name NestAway
    Headquarters Bengaluru
    Founders Amarendra Sahu, Smruti Parida, Deepak Dhar, And Jitendra Jagadev
    Sector Real Estate , Home Improvement
    Founded 2015
    Total Funding $109.1 mn (2021)
    Valuation $330 mn (2019)
    Parent Organisation NestAway Technologies Pvt. Ltd.

    NestAway – Latest News
    About NestAway and How it works
    NestAway – Founders and Team
    NestAway – Startup Story | How It Began
    NestAway – Mission and Vision
    NestAway – Name, Tagline and Logo
    NestAway – Services
    NestAway – Business Model
    NestAway – Revenue Model
    NestAway – Funding And Investors
    NestAway – Revenue/Annual Turnover
    NestAway – Growth / Valuation
    NestAway – Partners
    NestAway – Acquisitions And Mergers
    NestAway – Challenges
    NestAway – Competitors
    NestAway – Awards and Achievements
    NestAway – Future Plans
    NestAway – FAQs

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    Nestaway – Latest News

    January 19, 2021 – NestAway sold off the society and apartment management platform, ApnaComplex to Anarock Group within a year of its acquisition.  

    About NestAway

    NestAway is a concept. It’s a solution. It’s fixing something that’s grossly wrong. Actually, it’s a concoction of the three. It is a new concept for homeowners, a solution for tenants, and it’s fixing the youth housing crisis in cities.

    Founded in 2015, NestAway Technologies Pvt. Ltd. is headquartered in Karnataka. It is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

    The app helps the users find, book, and move into a rental home of their choice across various Indian cities. One can move in, ask for services from tap leakage to broken door locks, pay rent, and finally move out. The Nestaway app is available for Android and iOS.

    NestAway has also forayed into the co-living segment. In 2019, it officially announced the launch of its independent subsidiary, Hello World. Hello World, focuses on co-living and student housing and is present in 15 Indian cities. Hello World claims to have 10,000 beds and 90% occupancy rate. It will be led by NestAway co-founder Jitendra Jagadev.

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    NestAway – Founders and Team

    NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015. It was an aggregator of shared and furnished apartments for bachelors in the beginning before adding full homes for families in its catalog.

    NestAway Founders 

    Amarendra Sahu

    Amarendra Sahu is the CEO of NestAway. He is a Computer Science engineer from NIT Surathkal and has an MBA from IIM-B. Amarendra has past experience of working at Alcatel-Lucent, Juniper Networks, and Cisco as a Software Engineer and Senior Software Engineer after which he co-founded BrizzTV Media Labs Pvt Ltd. Sahu is now a Co-founder of BrizzTV along with serving as a Co-founder and CEO of NestAway.

    Jitendra Jagadev

    Jitendra Jagadev is currently known as the Co-founder and Board Member of NestAway and has earlier served as the COO of the startup. He graduated from NIT Karnataka and has previously worked with companies like Philips, Cisco, and Ojas Venture Partners, before joining the founding team of NestAway. Jagadev is also the CEO of Helloworld Technologies India Pvt. Ltd.

    Smruti Parida

    Smruti Parida was the Co-founder of NestAway, and had also served as the CTO of the startup. Smruti is an IT graduate from NIT Karnataka. He was with Microsoft and United Online and worked as the Software Design Engineer and Program Manager 2 and Senior Software Engineer respectively before devoting himself to the company. Smruti quit NestAway on October 23, 2019. Smruti had also co-founded Zero Heights Technologies Pvt Ltd. previously and is currently working as a Founder at AutoSave.

    Deepak Dhar

    Deepak Dhar is an IT graduate from NIT Karnataka. Being a co-founder, Deepak was responsible for the product and user experience divisions at NestAway before leaving the startup in June 2019. Before joining NestAway, he worked with companies like Aceva Technologies, Fidelity Investments, and Royal Bank of Scotland. He also led Citruspay (acquired by PayU) as a Founding Member and Operations Head. Deepak Dhar quit Nestaway in June 2019 to startup a fintech venture but he will continue to be a director in the company. He co-founded Repute in October 2019.

    NestAway owners Amrendra, Smruti, Deepak, and Jitendra are all serial entrepreneurs. Amrendra and Jitendra co-founded Brizztv, Deepak was a part of the founding team of Citrus Payment Solutions, and Smruti founded ‘Sen6’—an art marketplace. NestAway has anywhere between 200-500 employees, according to the latest records.

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    NestAway – Startup Story | How It Began

    When Amarendra Sahu came to Bangalore in 2004, he had trouble finding a house to rent. Unmarried individuals are never the first choice of the house owners. Besides, renting in decent localities is not always reasonable.

    Amarendra wanted to solve this problem and went about setting up NestAway with the help of friends. In June 2014, his friend Jitendra Jagadev’s house in Whitefield became the site of an experiment.

    Amarendra recollects, “We took furnishing from Furlenco, took some pictures of the house, and posted it on Facebook. There were four beds in the 2 BHK – all sold in a day. Out of the seven girls who came to visit, six wanted it and four got it.”

    This was the story behind NestAway’s inception which has established itself in a surprisingly short amount of time.

    NestAway – Mission and Vision

    Nestaway’s core vision is “to provide young people value-for-money spaces with convenient solutions and amenities.” The steering vision was to make living easy and hassle-free.

    Nestaway is fueled with a mission to provide homes for everyone, without discrimination. The mission of the company was not just to find homes, but to help the youth set up in a new city without any hassles.

    With the onset of the new year 2022, NestAway has come up with a new tagline that goes “New Year, New Home.”

    NestAway new Logo
    NestAway new Logo

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    NestAway – Services

    NestAway is India’s fastest growing “Home Rental Network” which provides better rental solutions via design and technology. The units are ready-to-walk in homes and with different schemes based on the tenant’s requirement—a bed, a room, or a complete house. From 1 BHK flats to 8 BHK luxury villas with state-of-the-art facilities, the company caters to all kinds of customer needs. Homes come with cot, mattress, sofa, TV, fridge, washing machine, and a furnished kitchen. Besides, fully furnished apartments, semi-furnished and unfurnished apartments are also listed on NestAway.

    Some major USPs of NestAway are:

    • Guided house visits: Tenants are given a guided tour of the house they are interested in.
    • Rent on time: Ensures timely rent every month.
    • Zero paperwork: The company does all the paperwork such as agreement creation.
    • House safety: The company ensures that the house stays in good condition.
    • House maintenance: It provides on-demand and periodic house repairs. By subscribing to NestAway Assure, house owners can avail the facility of 100% free maintenance, cleaning, and repairing services.
    • Marketing and promotion: It promotes the properties registered with it through ads and other rental platforms.
    • Easy move-in and move-out policy: NestAway allows easy move-in and move-out facilities to tenants. Tenants can simply visit the website or use the app and schedule move-in or move-out dates according to their convenience. The move-out policy allows tenants to leave before the license end date. They can shift to the new house by notifying just two days before the planned move-in date.
    • Zero Deposit: NestAway has tied up with agencies to provide zero deposit offers, whereby tenants can move in by paying the booking amount without any advance deposit.
    • Pet-friendly: It allows animal lovers to find pet-friendly homes.
    • Open guest-hosting policy: It allows tenants to host guests responsibly without causing inconvenience to fellow tenants.

    The lock-in period is of 6 months. Unless mentioned otherwise in the agreement, the minimum stay is 6 months. However, this may vary in different cities. NestAway does not impose any move-out charges. However, if a person moves out before completion of the lock-in period, he has to pay one month’s rent as move-out charges.

    The rent is determined considering the given factors:

    • Area and location of the house.
    • Tenancy type, i.e whether a full house, a room, or a bed is taken for rent.
    • Condition of the house.
    • Size of the house.

    The best part for the homeowners is that the company ensures that the rent is paid before the 5th of every month.

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    NestAway – Business Model

    NestAway has a sound business model. It is a one-stop service provider for tenants and house owners where neither has to pay any brokerage fee.

    The company serves as a broker and property manager for homeowners by helping find tenants, collect rent, and manage the property over its lifetime in exchange for a percentage share of the rental stream.

    Amarendra explains the business model, “You can rent just a room, or the whole house. Our area manager will arrange the visit according to your preference. Once you are satisfied with the house, you can book it online. If you stay in the house for three days and don’t like it for any reason, we refund with full deposit. NestAway’s popularity grew mainly through word-of-mouth, with digital marketing spend in the early days being less than 10 percent of total expenses.”

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    NestAway – Revenue Model

    NestAway runs on a very simple revenue model. It manages a homeowner’s rental property throughout the rental life cycle, from showing the house to a prospective tenant and closing the rental agreement, to collecting rent on the owner’s behalf and assisting the tenant and owner during move-out.

    For all these services, the company charges the owners a fixed percentage of 12.5% of the total rent generated from the home as its commission. NestAway does not charge any brokerage or charges from the tenants apart from rent

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    NestAway – Funding & Investors

    NestAway Technologies has raised over $109.1 Million in funding from 9 rounds of funding it saw to date. In the latest round, it raised a funding of $4.70 Million from Goldman Sachs on September 17, 2019.

    Date Stage Funding Amount Investors
    September 17, 2019 Series D $4.70 Million Goldman Sachs
    May 13, 2019 Series D $10 Million Tiger Global Management & Chiratae Ventures
    October 17, 2018 Venture Undisclosed InnoVen Capital
    August 7, 2018 Venture Undisclosed Epiq Capital
    March 1, 2018 Series D $51 Million Goldman Sachs
    April 15, 2016 Series C $30 Million Tiger Global Management
    February 28, 2016 Venture Undisclosed Ratan Tata
    July 21, 2015 Series B $12 Million Flipkart, Tiger Global Management
    March 16, 2015 Seed $1.2 Million Undisclosed

    Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are some of the Investors in NestAway. Also, NestAway is in talks with multiple investors including Fosun International and Shunwei capital for $100 Million that it might be seeing ahead.

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    NestAway – Revenue/Annual Turnover

    According to Wikipedia, NestAway registered lower growth in revenue in 2017-2018 as compared to 2016-2017. Its revenue increased by 533% in 2016-2017 whereas, in 2017-2018, it increased by only 28.7%. As per ROC filing, its revenue from operation in FY 2018 is Rs 46.98 crores. Again, the losses increased from Rs 134.24 crore in 2016-2017 to Rs 203.79 crore in 2017-2018.

    The company claimed to earn $2 million worth of revenue each month, as of 2019’s reports.

    NestAway – Growth/Valuation

    NestAway is currently present in over 16 Indian major cities, as of September 2020. It is managing over 60,000 homes across the country. Over 10,600 house owners and 72,400 tenants are registered with it. About 40% of the new bookings now come from the family segment with the ratio being at 65:35 for shared versus family rental houses.

    In Bengaluru, where typically rental advances are of 10 months, the company offers homes on two-month deposits. The company claims to earn a monthly revenue of around $2 Million. NestAway gets a commission of 12.5% in each rental agreement.

    After a Series D funding of $51 million raised in March 2018, NestAway’s valuation was at about $200 million. It raised two more rounds of funding after that. However, the exact net worth or valuation has not been confirmed by the company.

    In 2019, NestAway ventured into the co-living and student housing segment by launching a new brand, ‘Hello World‘. ‘Hello World’ which began in May 2019, currently has a capacity of around 10,000 beds and is operational in 16 cities, including Bengaluru, Hyderabad, Delhi-NCR, Pune, Kota, and Dehradun. The startup boasts 90% occupancy rates. Hello World charges zero brokerage and one-month rent for a security deposit. NestAway has plans to introduce ‘Hello World’ in nine more cities, thus increasing the number of beds to over 50,000.

    In the wake of COVID-19, Bengaluru-based home rental startup NestAway has taken a host of measures to support its users and property owners. To start with, the company has reduced the onboarding charges by 50% for anyone who had planned to move into Nestaway’s properties before the lockdown was put in place.

    Also, Nestaway is allowing all the frontline workers to stay at its properties with 100% off on onboarding charges. For property-owners, which are tied-up for more than two years, the startup has set up an INR 50 Lakh fund to support them in these hard times.

    For migrants struck in Kota, Nestaway has provided free stay and food under the ‘Hello World’ initiative. More than 30 migrants and 30 healthcare staff have lived at Hello World’s properties since the COVID-19 outbreak. One building in Kota has been dedicated to healthcare staff with food and basic facilities. Furthermore, NestAway has also extended canteen services for doctors and guards and hostel managers.

    NestAway – Partners

    NestAway uses Localitics, a real estate statistical data science platform that not only predicts where rental demand is going to grow, but also where new houses are going to spring up. Today, Localitics is used for evaluating all the cities in India where the company is present and churns out data to help them target the next set of cities.

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    NestAway – Acquisitions And Mergers

    NestAway has acquired 3 organizations. Their most recent acquisition was StayAbode on Mar 2, 2020. However, it has later sold ApnaComplex, which makes the proptech startup the owner of the 2 other companies, Zanify and StayAbode.  

    It acquired a smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount in May 2017. This move will help them expand their offerings for families.

    In February 2020, the company acquired the apartment management platform ApnaComplex. ApnaComplex is a 10-year-old startup and the platform offers tools to manage various aspects of the residential complexes like organizing public events, raising complaints, society billing/accounting, and much more. The company will now provide home services like cleaning, painting, pest control services, etc. to the registered users of ApnaComplex. However, within a year of its acquisition, the proptech startup decided to let ApnaComplex be acquired by Anarock on January 19, 2021.

    Acquiree Name Acquired Date Price
    StayAbode March 2, 2020 –
    ApnaComplex February 13, 2020 –
    Zanify May 7, 2017 –

    NestAway – Challenges

    One of the major challenges for the company was finding the right investors because it was the first business in this arena and some skepticism. Now, it is one of the highest funded Indian startups.

    In the initial stage, earning the house owner’s trust and convincing them to register was difficult. To solve this issue, it started offering a ‘rental default guarantee’ that guaranteed NestAway paying the house owner rent in case the tenant did not pay on time.

    Some house owners don’t consent to give their house for rent with two months’ rent as deposit money and expect more. However, this scenario has been bettered with the arrival of NestAway where the users need to pay two months’ rent as the tenant and the company pays the difference.

    NestAway – Competitors

    There are many companies and websites like this that list properties for rent. The Major competitors of NestAway are:

    What sets NestAway apart from its rivals is that it provides end-to-end solutions to tenants and house owners by taking care of everything—creating the rent agreement, rent collection, house maintenance, etc. In short, it mediates throughout the rental life cycle.

    NestAway – Awards and Achievements

    NestAway has been conferred upon a list of awards and recognitions throughout the years. One of the proudest moments for NestAway was when the founders of the company achieved the Comeback Kid Award on August 18, 2017.

    NestAway – Future Plans

    NestAway is planning to introduce ‘Smart Homes’ by launching the Smart Lock service for all homes. Smart Lock is a safety locking system that ensures security for people staying in their homes, especially for women. This service will be available on their app for both Android and iOS devices. The company is planning to venture into the women’s housing and senior housing sector by 2020.

    Another area of focus for NestAway will be student housing. With 10.4 million migrant students and only 6.1 million beds as the current official supply, there is an increase in demand for student housing which continues to increase day by day. Cashing in on this opportunity, it is strongly focusing on student housing and aims to start operations in Kota (Rajasthan) followed by Delhi (North Campus), and Bangalore. NestAway is also looking to expand PAN India and conversations are going on with progressive builders for exclusive properties earmarked for students.

    The brand continues to concentrate on the concept of co-living, wherein it takes up the entire building including the shared facilities such as gym, libraries, common areas, game room, and others. Through this concept, NestAway Technologies is trying to create a community for members with common interests to engage in yoga/salsa classes, have talk sessions from seasoned entrepreneurs/sportspersons, entrepreneurial knowledge sharing meets, and collaborate on other exciting avenues.

    NestAway – FAQs

    Who are the Founders/Owner of NestAway?

    NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015.

    What is NestAway?

    NestAway is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

    Who is the CEO of NestAway?

    Nestaway CEO and Co-founder is Amarendra Sahu.

    Who are the Top Investors of NestAway?

    Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are the Investors in NestAway.

    How much Funding did NestAway raise till date?

    NestAway Technologies has raised over $109.1 Million in funding from 9 rounds. In the latest round, it raised funding of $4.7 Million from Goldman Sachs in September 2019.

  • Top 5 Websites for Buying And Selling Domain Names

    Who doesn’t want to earn a profit while doing business? Everyone wants to taste profit and success. But many get stuck, follow the wrong track, and end up in a disaster. The same is the case when one isn’t aware of the business of buying and selling domains.

    If you are new to buying and selling online domains, here are some points you need to know before getting your hands dirty.

    • Best places to buy domains from.
    • Best places to sell domains.
    • The domain transfer process.
    • The price at which you should sell domains.
    • Trademark issues while buying and selling domain names.

    This post will further deal with the best way of buying and selling domains, how you can find domains, how can you make money by selling domains, and the best places to sell domains.

    How to Buy Domain Names?
    How To Sell Domain Names?
    Pricing Consideration While Selling A Domain
    Top Websites For Buying And Selling Domain Names
    FAQ

    How to Buy Domain Names?

    The first thing you need to understand is how to get a domain registered. Back in the day, .com and .net were extremely popular as extensions. If you got in early and purchased some domains, you are sitting on a pile of cash because some of these domain names are worth a lot today.

    Go to websites like Domain.com and GoDaddy.com. Search for the keywords or the exact name you want your domain to be. This search tells you whether the domain name is available or not.

    GoDaddy domain buying page
    GoDaddy domain buying page

    In case the domain name is available, you have the option of adding it to the shopping cart. If you plan to purchase the domain, you need to see for how long do you want to register. This time is generally in years. You also get the option of purchasing add-ons like domain privacy.

    GoDaddy Privacy Protection Add on
    GoDaddy Privacy Protection Add on 

    How To Sell Domain Names?

    The first step to selling a domain is to prepare a list of the domains you possess. Now shortlist the ones you need to sell. Next, decide on a pricing structure of the domain. Though it’s not mandatory (you can auction your domain), having a base price in mind makes it easy with the selling process.

    Now, you need to list your domain for sale. You can visit websites like GoDaddy which provides the option of putting up domains for sale. Once your domain is listed, now watch how people place absurd bids to purchase your domain.

    GoDaddy Domain Selling Auction Page
    GoDaddy Domain Selling Auction Page

    If you’re thinking so, you’re wrong. It takes time for a sale to happen unless you have an extremely visible and profitable domain name. It will take weeks or even months to receive that first purchase offer.

    Pricing Consideration While Selling A Domain

    In 2009, insure.com was sold for $16 million which is equal to Rs. 1,14,46,40,000 (approximately as per today’s exchange rate value). Mind-boggling, right? That’s just crazy and there are several other examples: insurance.com, vacationrental.com, etc.

    This doesn’t mean you’ll also get astronomical amounts for your domain. A lot of the popular keyword domains have already been purchased. And it’s unlikely that you have a domain with common but attractive names (bank.com, digitalworld.com, etc.).

    To get an idea of the pricing, visit domain trading websites. You’ll know how much the domains similar to yours are being listed. Set the pricing expectations accordingly.

    Top Websites For Buying And Selling Domain Names

    So, you have learned how the process of buying and selling domain names takes place and the pricing considerations. Now let’s have a look at these 5 websites where you can buy and sell domains.

    1. Namecheap

    Namecheap Website - Buy or Sell Domains Quickly
    Namecheap Website – Buy or Sell Domains Quickly

    Namecheap was founded all the way back in 2000 by Richard Kirkendall. Over the past 20 years, they’ve reportedly racked up three million customers.

    How to Buy and Sell Domains from Namecheap?

    Namecheap’s domain marketplace is a simple, easy-to-use platform to list domain names for sale. While there are many ways to promote domains you want to sell, this online domain buying and selling website makes connecting with interested buyers easy.

    To make a purchase, just view the listings, and click “Add to Cart.” If you have an idea for an interesting domain that no one has ever registered before, you can buy it yourself as a business investment.

    Once you have registered new domains, you can list them on the marketplace at a premium price, and sell them to other businesses for a profit. Alternately, if you previously purchased a domain, and no longer need it for yourself, it can be sold on the marketplace to other interested parties. For example, if you operate an online store, and decide to move on to other business ventures, other digital retailers might be interested in buying your domain.


    Checkout Namecheap Now

    Namecheap Pricing

    Namecheap Pricing
    Namecheap Pricing

    When you sell your domain name using Namecheap’s marketplace, it charges a flat 10% commission. By charging this commission, they can maintain a domain marketplace that is easy to search and well-known by many people who purchase domains regularly. A listing on its site ensures that the name you are selling can be seen by anyone searching the internet, with a transaction that is completed on a secure, trusted website.

    2. Flippa

    Flippa Website
    Flippa Website

    Flippa is the #1 platform to buy and sell online businesses. It is a website and domain flipping website. In simple words, you can sell a website and buy a website from Flippa. Each month, over $41 million worth of business value is listed for sale on Flippa and nearly 500,000 business owners and buyers visit Flippa to sell or buy businesses between the prices of $5,000 and $5,000,000.

    How to Buy and Sell Domains from Flippa?

    To Buy or Sell Domain on Flippa, sign up with a valid Email Account and list your website or domain for sale. After listing your domain, it’s time for the description, people tend to write a long description, but that’s not what it should be like. The description should be short and simple which does not bore the Buyer and gives the buyer a brief idea of your Blog or Website or domain.

    Now the most important part is to Set Flippa bidding options.

    • Set the Reserve price after evaluating it properly
    • Set it to the price at which you can afford to sell your online property
    • Set a Correct and reasonable Buy it now price (BIN)

    Keep the starting Bid price low, as you can encourage more users to Bid. After the Auction is successfully finished, do research about the user who has won the Bid and his history of the transaction. So that you can take proper measures before you initiate Blog/Website/Domain transfer and receive payments.

    Flippa Pricing

    Flippa has a fixed fee and listing packages. If you sell your domain with Flippa it has fixed-fee pricing. A success fee is payable which is 5% when you sell and this is calculated as a percentage of the sale price.

    Flippa Pricing
    Flippa Pricing
    Sell Price Success Fee
    Up to $50K 10% of the sale price
    $50,001 to $100k 7.5% of the sale price
    $100k+ 5% of the sale price
    Partner Broker 15% of the sale price


    Earn Money on Flippa

    3. GoDaddy

    GoDaddy Website
    GoDaddy Website

    GoDaddy’s domain auction space serves as a “marketplace” for buyers and sellers to get together and make deals. When a domain expires, it typically goes right back to the registry. If it’s a valuable domain name, however, registrars will try to sell it through auction, and buyers are always eager to capitalize on potential deals.

    How to Buy and Sell Domains on GoDaddy?

    GoDaddy Auctions gives you listing options for selling your domain names. You can use a free, basic listing, or you can add optional features to increase your domain name’s exposure.

    Here are the simple steps to pricing, listing, and selling your domain through GoDaddy.

    1. Find out what your domain is worth: You’ll want to set a realistic price. One place to find out the sale prices of comparable domains is the free GoDaddy Domain Value and Appraisal tool. Just type in the domain you want to sell and you’ll learn the estimated value, as well as comparable domains sold. Even better, it’s all free.

    GoDaddy Domain Value and Appraisal tool
    GoDaddy Domain Value and Appraisal tool

    2. Make communication easy: Be sure to un-privatize your contact information on WHOIS. That way, when an interested buyer looks up your domain on WHOIS, they can find your publicly available information and contact you directly.

    3. Put out a “For Sale” sign: If you haven’t already, set up a single-page website on your domain, called a park page or domain parking. This page lets visitors know that the domain is owned and for sale. It’s the simplest way to announce your domain is for sale. But to announce it far and wide, you’ll want to list your domain on some online marketplaces.

    4. Sold: Once your domain has sold, if you haven’t listed it as a Premium Listing, you’ll want to make the final move using the Domain Transfer Tool here.


    Start Selling and Buying Domain Names using GoDaddy Now

    GoDaddy Pricing

    To join, you’ll need to purchase an annual GoDaddy Auctions membership for ₹364.23/yr. Once you’ve purchased a membership, you can take advantage of member benefits such as its Auction Tools, which can help you prepare before buying or selling any domains. Once you’ve purchased a membership, you can choose a free and simple listing, or add advanced features to increase your domain’s visibility.

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    4. Atom

    Atom Website for Buying and Selling Domain Names
    Atom Website for Buying and Selling Domain Names

    Atom was founded by entrepreneur Darpan Munjal as a way to connect brands with domain sellers. They’re a four-time Inc 5000 company that stands out for its AI-powered search tools and innovative seller features, including payment plans and landing pages.

    How to Buy and Sell Domains from Atom

    Atom is an intuitive platform allowing sellers to list single domains or whole portfolios in a few clicks. Simply start submitting your premium domains and choose whether you want Standard or Premium listings, which determine how much marketing goes into your domains.

    To buy a domain name, choose between “Buy Now” and “Pay in Instalments” and click “Proceed to Payment”.

    Atom Pricing

    When you sell domains at Atom, commission ranges from 7.5% to 15-30%, depending on which tier you use. Standard tier charges 7.5% commission, while pricing varies at the Premium tier, but you gain access to powerful marketing tools and brokerage assistance.

    5. Afternic

    Afternic Website
    Afternic Website

    With Afternic, you can list your domain name on their sales platform and have it sent out to more than 100 different partners around the world. These include other major registrars (the companies who sell domain names to the public), such as GoDaddy, Network Solutions, Register.com, Enom, etc. which means, anyone searching for a domain at these sites will have the ability to see your listing.

    How to Buy and Sell Domain on Afternic?

    To buy a domain on Afternic, perform a domain search on its inventory of nearly six million premium domain names. Domains with listed prices can be bought easily by placing the domain in your shopping cart and completing your purchase. For domains without a listed price, or if you want to negotiate the price, you can reach their experienced sales team with its online price request or on the phone (Toll-Free in the U.S. 866-351-9586).

    Selling domains on Afternic is easy. Follow these steps to list your domains for sale, and watch the power of the Afternic marketplace work for you:

    1. Create an account: Creating an Afternic account to sell domains is easy, and once you do you will have a seller profile that you can use to promote yourself and your domains.
    2. Add Domains For Sale: When you list a domain for sale, price your domains when you list them for sale. Fact: Priced domains are more likely to sell than domains without a price. When you also set a buy now price, your domain is eligible to be a fast-transfer premium domain.
    3. Optimize your listings for better domain sales: Once you have your domains in Afternic, there are three specific things you can do to optimize your listings for the highest sale probability –
      a) Let potential buyers know your domain is for sale by utilizing a “For Sale Page” or “For Sale Banner”.
      b) Price your domains with Buy Now
      c) Opt your Domains into Fast Transfer

    By following these simple steps, you can get your domains exposed to the maximum number of potential buyers and leverage the network/sales teams to help get your domains sold.

    Afternic Pricing

    Afternic charges a sale commission based on the price of a domain.

    Sell Price Sales Commission
    $0 to $5000 20% ($15 minimum)
    $5,001 to $25,000 $1,000 +15% of amount over $5k
    $25,000 and over $4,000 +10% of amount over $25k

    6. Sedo

    Sedo Website
    Sedo Website

    Sedo is the largest domain marketplace in the world. It has a listing of around 20 million domains. It is used by over 2 million buyers. Sedo not only enables you to sell domains, but it also allows you to sell websites. It is used by top companies and brokers. Over half of the domains listed on Sedo are premium.

    How to Buy and Sell Domains on Sedo?

    If you’re looking to buy a domain, Sedo makes this very easy. They have a robust search tool allowing you to find the name you are looking for, as well as hundreds or thousands of alternative related domain names.

    Buying Domain on Sedo
    Buying Domain on Sedo

    If the domain you are looking for hasn’t been registered, you can register it immediately from the search results. If it isn’t listed with Sedo, you can ask a broker to help you complete a sale. If you are an active investor looking to expand your portfolio with many premium domain names, Sedo’s specialists can help with that, too.

    Sedo offers several options for selling your domain names:

    1. Buy Now (Free): Find a buyer for your domain directly on the marketplace: Buy Now domains offered at a fixed price are sold up to three times faster in comparison to other sales options.
    2. Make offer (Free): Communicate to potential buyers that you are interested in receiving offers for your domain. You can start negotiating with any interested parties directly and agree on a price as soon as an offer is received.
    3. Marketplace Auction (No initial fee): Offer a domain for sale as “Make Offer”. As soon as the first offer is received, you can put your domain up for auction – using the original offer as the reserve price!
    4. Direct Auction (Starting at $59): Start your own domain auction whenever you want, displayed on the homepage and in the matching search results. This enables you to reach a particularly large number of potential buyers – and achieve a high sales price.
    5. Auction Events (Starting at $10): Sedo’s domain experts regularly create their own auctions with particularly high-grade domains – most notably, it’s signature bi-monthly GreatDomains auction. Apply now to gain even more exposure and sales leads for your most attractive domains.
    6. Broker Service (No upfront costs): Sell your high-value domains with the support of Sedo’s professional Domain Brokers. They contact potential buyers, negotiate the price, then secure payment and ensure a seamless Domain Transfer.


    Start Selling on Sedo

    Sedo Pricing

    Sedo charges a commission for domains traded on its platform. The amount of the commission depends on the type of sale and TLD.

    Type of Sale Commission of selling price
    Sale of a parked domain (Buy Now) 10%
    Sale of a Domain (Make Offer) 15%
    Domain Auction 15% of the highest bid
    Domain Sale via SedoMLS partners 20%

    Conclusion

    While buying up a ton of domains seems like a great way to make money, real-world results show it’s not that easy to churn profits. As with any industry, you will have those “golden moments” when you read about someone who made domain flipping into a million dollar a year business, all while sitting in the comfort of his home.

    Don’t get disheartened. Even you’ll have your moments of success provided you persevere and put in the required efforts. Be careful because just like any business, buying and selling of domains also involve a risk factor. Therefore, calculate the risk, consider all factors, and then get your hands dirty in domain flipping.

    FAQ

    What is the domain registrar and what is its purpose?

    The domain name registrar is a business that handles the reservation of domain names as well as the assignment of IP addresses for those domain names.

    Which is the best site to buy and sell domain names?

    The best site to buy and sell domain names are:

    • Namecheap
    • Flippa
    • GoDaddy
    • Afternic
    • Sedo

    Is buying and selling domain names profitable?

    Buying and selling domain names can be profitable but it involves risks too. If your domain name is unique and top-level then only you can make a good amount of money.

    Can you buy a domain name forever?

    You cannot buy a domain name permanently. Domain name registration is done on a yearly basis. However, you can pre-pay for up to 10 years which guarantees that you will have a domain name for 10 years.

    Can I create a domain name for free?

    Yes, you can create a domain name for free. There is a platform called “Bluehost” which provides a free domain name along with web hosting.

  • What do Experts say about Shiba Inu Coin? Should you Invest in it?

    The cryptocurrencies such as Bitcoin and Dogecoin had been surging their value in recent years. The meme-based Dogecoin had reached its all-time high being part of the top 10 cryptocurrencies according to the market capitalization. Other than Bitcoin and Dogecoin there is a new cryptocurrency creating excitement in the crypto market called Shiba Inu Coin. Let’s look at what is Shiba Inu Coin, expert opinions and its price prediction.

    What is Shiba Inu Coin?
    Returns of Shiba Inu Coin
    Expert Opinions about Shiba Inu Coin
    Is Shiba Inu Coin a Good Investment
    Shiba Inu Coin Price Prediction
    Will Shiba Inu Coin Reach $1?
    FAQ

    What is Shiba Inu Coin?

    Shiba Inu Coin Logo
    Shiba Inu Coin Logo

    There is not much information available about this cryptocurrency. The crypto is considered to have been made in order to provide competition to Dogecoin. The website of Shiba Inu Coin claims that it has an experiment in order to the decentralized voluntary building of community.

    Shiba Inu Coin Website
    Shiba Inu Coin Website

    The coin features a hunting dog from Japan, Shiba Inu which rose in popularity due to the Dogecoin as this is also considered to be another meme coin. The website shares the message that this token is their first and the users have the choice to hold billions or even trillions of them.

    The nickname of the coin is Dogecoin killer and claims that everyone should own one from the open market.

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    Returns of Shiba Inu Coin

    According to the data received from CoinMarketCap, the Shiba Inu Coin had given a return of 120 % in the time period of 24 hours at one point in time. When compared to a 7 day time period the coin has provided a return of around 1970.57 %.

    The meme-based cryptocurrency, Shiba Inu Coin which is positioned to be a rival coin of Dogecoin has a market capitalization of USD 15 billion whereas Dogecoin has a market capitalization of USD 22 billion as of 2021.

    Expert Opinions about Shiba Inu Coin

    Investorplace.com has recently conducted deep research into the Shiba Inu coin which conveyed that the predictions of the price of currency have been heating up due to the enormous gains of the cryptocurrency. However, it is seen that the investors are not yet rushing to invest their money into the new cryptocurrency.

    Investorplace.com had done a dive into the number of predictions about the new coin where they found out WalletInvestor has suggested that Shiba Inu coin is not a good investment for the long term.

    They also have an estimated prediction that the value of this cryptocurrency would see a downfall by the end of 2022 to somewhere in between USD 0.000029 to USD 0.000016. But DigitalCoinPrice has predicted that there would be an increase in the price of the cryptocurrency and would see a jump by the end of 2021 to USD 0.000044.

    Gov Capital has predicted that Shiba Inu Coin would see a huge drop falling to USD 0.000006.

    Why Most of the Wealthy Investors avoid Investing in Bitcoin
    Most of us would have heard about bitcoin and cryptocurrencies. It is all overthe news and everyone speaks about the fancy returns provided by this digitalcoin. It has created its mark in the market. It was not so famous some yearsback and the value of the coin was not so high. The popularity h…
    StartupTalkyAlan Joseph

    Is Shiba Inu Coin a Good Investment

    If you are not sure whether you should invest in this cryptocurrency, then take some steps before getting into the decision and investing your money into it. First of all, try to understand the fundamentals of cryptocurrency before you decide to trade with it.

    Understand the project and go through various risk management techniques and adjust it according to your capacity to bear the risk of which one would vary from one individual to another.

    The most important point which should be noted before investing your money into cryptocurrency is that you should be satisfied before investing, with your research and studies and never buy or invest your money into the coin because of someone else’s advice.

    Shiba Inu Coin Price Prediction

    Shiba Inu Coin Price Prediction
    Shiba Inu Coin Price Prediction

    Shiba Inu coin is a highly volatile coin as it is a meme coin and to predict its price is difficult as it is linked to the hype. The meme coin is expected to grow from $0.000014 at the end of 2025 to $0.000028 in 2030. As of 2022, the Shiba Inu Coin price in rupees is ₹0.002318.

    Shiba Inu Coin Price in INR
    Shiba Inu Coin Price in INR

    Will Shiba Inu Coin Reach $1?

    The current price of Shiba Inu is 0.000031 and reaching the $1 mark may sound impossible but we should remember that this is a highly volatile coin, also the price of the coin is linked to the hype of the projects. But can it hit $1? probably not. If Shiba Inu reaches $1, the market cap of the coin would be $550 trillion which would be higher than every combined economy of the world and 650 times the market cap of Bitcoin. So, it is highly unlikely that Shiba Inu will reach $1 in 2025 or 2030.

    Conclusion

    There can be risks involved with these get-rich-quick coins, even though the percentage returns provided by the cryptocurrency in the past may look attractive, there are a lot of cases where such coins have lost their value and provided negative returns after a few months.

    FAQ

    What is the use of the Shiba Inu coin?

    Shiba Inu tokens are powered by Ethereum. Fungible tokens like Shiba Inu are ERC-20 tokens.

    How many Shiba coins are left?

    As of 17 May 2021, a total of 394.796 trillion Shiba Tokens were in circulation, with a market cap of $6.52 billion USD.

    Where can I buy the Shiba Inu coin?

    You can currently buy Shiba Inu coins on platforms like Binance, Huobi Global, OKEx, Hotcoin Global, and MXC.COM.