We have witnessed many digital payments for paying off our expenses via Google Pay or PhonePe. Additionally, Our Honorable Prime minister Narendra Modi has launched e-RUPI, a seamless cash payment for Covid-19 Vaccination in India on 2nd August 2021.
e-RUPI is a contactless digital payment solution that is done by a QR Code or SMS based e-Voucher to all mobile users. Over and Above, e-RUPI is an e-voucher one-time digital payment mode with three benefits- Cashless & Contactless digital payment, Ensures leak-proof delivery of various welfare services and connects the beneficiaries servers without any intermediaries involvement.
e-RUPI is introduced as a hassle-free e-voucher digital payment, where beneficiaries don’t need a card, digital app or even internet banking to redeem the voucher. Because it is done through e-RUPI where vouchers are transferred into QR Scan or SMS for an effortless method to endure the service of the voucher.
e-RUPI is a cashless and contactless digital payment mode, which is done by decoding the code of the cards which is shared via SMS or the QR code. e-RUPI is the first digital currency in India with an aim to spurn the leakages in Government. It is done via redeeming payments through e-vouchers that are in the form of QR codes or SMS.
Many Indian Citizens find it so difficult to pay spontaneously on any such expenses, For instance, if you are in a line and billing for those products and getting a physical form voucher on the product which you have bought.
Meanwhile, next time on availing the voucher services, you find dilate in processing the payment neither in swiping card nor digital payments app. Therefore, the National Payments Corporation of India along with the department of financial services, National Health Authority developed e-RUPI in order to meet the expenses through e-vouchers in the nature of the prepaid model. So, if you receive a voucher then automatically you can store it in an electronic form- QR code or SMS-based.
When it comes to who can use e-RUPI, as it is said above, the government makes these e-vouchers in order to create funds for other welfare services. So, ultimately e-RUPI is accessible for healthcare services. Furthermore, businesses or corporations can issue e-RUPI to their employees.
e-RUPI doesn’t only benefit the receivers of the token but also the corporates and hospitals. The beneficiaries of this digital payment system include all the major stakeholders relating to this scheme.
Corporates
According to the National Payments Corporation Of India (NPCI), the corporates will benefit largely from this scheme. They can look after the welfare of their employees. The corporates would benefit from cost reduction while using this digital payment as this works on end-to-end digital transactions and doesn’t require physical issuance.
The issuer being corporates can track the voucher redemption. During this global pandemic, everything has made us focus on the safety of our lives. This digital payment mode allows for quick, contactless and safe voucher distribution.
Hospitals
It is a difficult task to stand in long queues in hospitals and pay for the service as it takes time to use a card or cash. This can lead to major inconvenience during these times. So the NPCI has made the authorization of these vouchers easy and safe by doing it using a verification code.
e-RUPI also solves the problem of usage of cards or cash by making the payment collection hassle-free and contactless. The redemption process of the e-RUPI is quick as it can be redeemed in a few steps and the chance of decline rate is less as there is a pre-blocked amount.
End-Users
e-RUPI, the electronic voucher digital payment system is mainly made for the welfare and well-being of the people of the country. The official NPCI website lists the various benefits the consumer of the end-user of the e-RUPI will reap.
This payment is contactless and digital. The beneficiary shouldn’t carry a printout of the voucher. The consumer can redeem his voucher in a two-step process making it easy, quick and time-saving.
The beneficiary isn’t required to share personal details on the redemption of the vouchers making it a safe and secure form of payment as privacy isn’t compromised.
For the redemption of the vouchers, the consumer does not need a digital payment app or a bank account making it accessible to many who don’t have a bank account.
Banks are supported by e-RUPI
e-RUPI is launched by NPCI in association with the Department of Financial Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW) and partner banks.
Banks support e-RUPI, unlike other digital currencies making this voucher digital payment mode easy and trustworthy. The banks that support e-RUPI are Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Indian Bank, Kotak Bank, Punjab National Bank, State Bank of India and Union Bank of India.
Conclusion
e-RUPI is an initiative by the government in connecting people’s lives through technology. India is progressing to a transparent and digitalized country. e-RUPI as a replacement for cash is seen as a big step that is favorable and necessary in the growth of the country.
e-RUPI guarantees safety as people do not have to carry cash or be worried about losing their cards while trying to avail themselves of essential services. e-RUPI can also route the subsidies the government gives on education, agriculture and nutrition. e-RUPI if worked effectively can be helpful to the people of the country in their dire times.
FAQ
What is e-RUPI?
e-RUPI is an electronic voucher digital payment mode, where the physical form of a voucher is transferred into electronics like QR Code or SMS-based, where you can access the services without any card or internet banking to redeem it.
Who launched e-RUPI?
The National Payments Corporation of India along with the department of financial services, National Health Authority developed e-RUPI which was promulgated by Prime Minister of India Narendra Modi to the citizens on 2nd August 2021.
What are the benefits of launching e-RUPI?
The government of India launched e-RUPI because to serve the beneficiary services to welfare services such as Mother & Child health care, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and other welfare centres, where the e-voucher become a benefit element in extending much more purpose in the society.
Want to know all about the business model of Big Bazaar? If you are nodding in the yes, then you are definitely at the right place. Here in this blog, we will explain all about the business models of Big Bazaar.
We all love to go shopping; it is an integral part of human life. We all might have paid a visit to Big Bazaar at some point in our life. Now we are surrounded by an online world where everything is a touch away but sometimes paying a visit to physical stores seems a getaway from our regular life. Offline shopping is divided into two categories, the first one is buying things from retail stores, and the second one is buying stuff from malls or shopping complexes. Retail businesses specialize in a single item, but shopping malls like Big Bazaar offer a wide variety of things in one location.
Big Bazaar is convenient for buyers because they will get everything from groceries to clothes in a single place. It will save a lot of time visiting stores to stores in search of goods. Big Bazaar is claimed to be the Walmart of India. They provide their clients with some fantastic deals and discounts. These features are attracting an increasing number of clients to their businesses.
Big Bazaar’s business strategy is based on a retail network that includes superstores, food shops, and cheap department stores. Not even for once, they doubted the presence of online platforms. They knew even before the pandemic the importance of digital presence. They knew that it is a must to engage with the audience on the internet, a virtual channel. And they were making significant investments in the medium even before the lockdown.
They’ve constantly wanted to confirm that they’re creating the proper exposure for their audience and, as a result, attracting them to their business. As a result, moving clients from online to offline was a significant component of the strategy.
Big Bazaar Parent Organization Future Group Owner Kishore Biyani
History of Big Bazaar
Kishore Biyani- Founder of Future Group – Big Bazaar Parent organization
Big Bazaar is a retail business headquartered in India with an office in Mumbai. Kishore Biyani started it in 2001, and it now has roughly 295 shops across the country. Hypermarkets and cheap department shops are both parts of the business chain.
The creator’s parent business founded the organization Future Group, which has a significant presence in the Indian retail and fashion sectors. Future Group has a good reputation, but Big Bazaar has managed to carve itself an important place in the lives of Indians.
This Indian retail company offers various products, including clothing, apparel, shoes, food, groceries, liquor collections, and other household essentials. Even though there are dozens of stores across India, it is clear that it has not spread into other nations.
As we mentioned earlier, it has been proclaimed that Big Bazaar is the Walmark of India. But there is much more to it. The idea behind starting Big Bazaar is a store named ‘Saravana.’ This shop was part of a family-owned company. The principle of working for this store was the low margin and high turnovers, which inspired creating Big Bazaar. Creating a space for buyers where they can buy things at a low price. The tagline of the business says a lot ‘Isse Sasta Aur Acha Kahi Nahi.’ The main aim was to provide items at a low price.
Big Bazaar Business Model
Big Bazaar does not do trade with individual customers but rather with organizations. One of the most critical features of Big Bazaar is that there are no intermediaries since they generally buy items straight from the manufacturers, eliminating mediators and their earnings. The business-to-business model is adopted by Big Bazaar, where they offer chances to small and medium organizations.
The success of the Big Bazaar depends on these pillars.
1. Pricing Strategy – When you buy at Big Bazaar, you can expect to discover discounts on nearly all of the items. This is because it is based on the low-margin premise. Big Bazaar purchases merchandise from producers in bulk and so incurs no losses while offering discounts to customers. Since large crowds congregate here to purchase these items, this tactic works for the company’s benefit. As a result, despite the lower profit margin, the turnover is tremendous.
2. Product Strategy- Even if the costs are appealing, the items must also be of high quality. Big Bazaar provides a fantastic selection of items. They offer items from other companies as well as their line of products. This diverse selection attracts a large number of buyers and clients. And above all the product quality is high which allures buyers towards stores.
Big Bazaar Products
3. Store Location – The store’s placement is the next important consideration. Even if the business has a large selection and reasonable prices, it will not attract much attention if it is situated in a distant location with limited accessibility. As a result, Big Bazaar has indeed sought sites that are widely accessible and attainable by virtually everyone. The company’s earnings have increased as a result of this network of outlets.
4. Promotions – Promotions are critical to every public venture’s viability. Big Bazaar has set aside a significant amount for promotion. It began special days such as ‘Sabse Saste Din,’ which drew in millions of customers. It has also enlisted the help of celebrities, bollywood actresses, and athletes for sponsorships. This has made a lot of commotion in the marketplace for them. As a result, they’ve developed into a big and profitable retail business.
However, the Future Group announced that they are analyzing a better strategy for Big Bazaar Direct and have thus suspended the current concept. As per the company’s site, it used to operate on a B2B basis, in which kiranas and ordinary guys could establish a company by being a Big Bazaar franchise. But according to the present business model, the franchisee was responsible for selling Big Bazaar items around the country. Franchisees‘ involvement was restricted to taking orders from consumers, making the procedure relatively easy for them. The remainder of the process of delivering booked items to consumers’ doorsteps used it to fall within Big Bazaar’s purview.
How Big Bazaar is makes money?
Now comes the question which must be popping in your head which is how they are earning money. The Big Bazaar business concept removes mediators since customers buy directly from producers or manufacturers. This eliminates the intermediaries and their revenues, allowing Big Bazaar to increase its profit margins. The other thing that contributes to Big Bazaar revenue is the wholesale discount.
Economies of scale plays a significant role in Big Bazaar’s profitability. Because of its large scale, the Big Bazaar marketing strategy saves money on advertising, transportation, etc. In addition, they can buy large quantities at once, allowing the expenditures to be spread out among various goods.
Conclusion
There you go! Here we have incorporated all the information about the business model of Big Bazaar. No doubt Big Bazaar is one of the successful franchises in India, and it has changed the way we do shopping. They also had made an online presence in these challenging times. So now buyers can purchase all their essential elements online.
FAQs
Who is the owner of Big Bazaar?
Future Group being the parent organization of Big Bazaar owns Big Bazaar.
Who is the founder of Big Bazaar?
Kishore Biyani is the founder and group CEO of the retail giant Future Group, that owns Big Bazaar.
Every business generates services in order to get some sort of revenue. From a small business to a large industry, they all work for a single goal and that is Revenue. Likewise, Gmail also generates its revenue via rendering some services to the uses.
Gmail plays as a business tool in the collection of data as it aids advertisers to ameliorate their ads in an ingenious way to bring quality out of it. Factually, more data engender more income to Gmail. The second way to earn, Gmail campaign personalized ads like contextual inbox ads within Gmail.
Besides, Gmail also makes money out of generating GSuite subscription for businessmen, that helps to allow custom domain emails. People may wonder, how does data represent income to Gmail? When you sign up for Google email services by accrued on all Google’s terms and conditions. Ultimately your data has been stored in the Google Dashboard and those data are required to keep their business running.
Gmail, a Google offered service mainly generates revenue by using its platform for personalized advertising for companies through advertising agencies and it shares user data to provide relevant ads according to the search and likes of the users.
Advertisement contributes to the revenue of the company predominantly. Gmail also earns through GSuite Subscription. It is used by businesses and professional bodies and institutions to create custom domain emails.
Businesses per se seek Gmail as their revenue source, where they pitch their products or brands to audiences. Gmail earns every penny by running personalized ads that emphasize highly user’s interest and track their activity across the web; Therefore, Gmail establishes pertinent advertisements according to the users.
Furthermore, Gmail makes literally 120 million dollars per day from these three activities-
Displaying personalized ads
Share data to deliver relevant ads
Drive businesses to subscribe to GSuite for custom domain
Gmail displays personalized ads
Gmail Advertising
Ever searched for a product that you wanna buy and your Google and Gmail is filled with advertisements related to the product. And Google earns by displaying those targeted ads.
Have you heard of Google Adsense? Google Adsense is a program released by Google in June 2003. It provides publishers with a way to earn money through their online content by matching ads to the site based on the content and visitors. The ads are created and paid for by advertisers who wish to promote their products.
While users sign up in Gmail, they permit Google to use their data. Google uses this data to show targeted ads to its users using Google Adsense. Gmail sends customized ads to the users’ inboxes based on the types of newsletters and emails subscribed by them.
Gmail earns when a user clicks the ad that is being marketed. Advertisement revenue is high due to the large number of users on the platform.
How many of you have clicked the “Agree to terms and conditions” box without reading them while creating your Gmail account? Definitely everyone. What we are essentially allowing is Gmail and by large Google is sharing our data with them. Personal data is the emails you send, the regular emails that you receive from your contacts and includes the people in your contact list too.
By accessing your data, Google can know your preferences and dislikes, send ads accordingly, and gain higher revenue. But Google also gives its users the option to opt-out of such ads and sharing of personal data for targeted ads can be discontinued.
GSuite Subscription
GSuite tools
Gmail earns through GSuite Subscription. GSuite subscription is a subscription plan for companies and professional institutions. Using GSuite Subscription, the company can use larger storage space and have customized email logins. They have access to all office applications. GSuite can be subscribed by making a monthly payment for every user. The standard price is USD 6 per user per month.
Gmail account is mainly created to use any Google services like for installing a game or signing up for YouTube with a Gmail account.
Businesses have been gained much in the field of Gmail, by running personalized ads. Moreover, businesses can track down customer’s interests and work on it, to capture as much as customers to their business by rendering services which is favourable to them.
Low-cost services, as Gmail offers valuable email management features to the users. Business finds Gmail as their source of revenue, as Gmail runs personalized ads to track users.
Gmail is highly integrated within the Google ecosystem, and there will be no delude activity
Cons:
While Gmail underscores highly on data collection, repercussion concerns on data monopoly and data privacy. Hackers may penetrate crucial data as leads to leakage of data privacy.
Zoho mail has offered multiply features such as bestowing lower-cost custom domains to businesses and competing with Gmail.
Conclusion
In the present world, everything runs on technology: virtual education, work from home, etc. making Gmail an integral part of our lives. Basically, all forms for all purposes ask for a Gmail address which shows the extensive use of Gmail and its large number of users.
With the Covid pandemic, Gmail saw an increase in users and increasing use of Gmail by people that in 2020 Gmail had two major blackouts globally. Many Companies, Corporations and educational institutions had purchased GSuite to continue the work and education remotely during the pandemic making Google earn a large revenue. Thus making Gmail an essential part of the lives of people.
FAQ
What is Gmail?
Gmail is a free email service provided by Google that generates revenue by displaying personalized ads to its users.
How does Gmail generate revenue?
The two major ways Gmail generates revenue is by displaying personalized ads to its users and through GSuite Subscription.
Is Gmail profitable?
Yes, Gmail is the number one email service provider and has over a billion users across the globe. It has become one of the profitable businesses for Google.
Every brand has its own strategies and sets of rules to run the business and stay active in the market. Every successful brand has a serious scheme and plan that its employees swear by. Companies must make deliberate, informed decisions about their visual design and brand story in order to build a powerful brand.
A brand strategy is a long-term plan developed by a company to develop its brand identity and establish a distinct perception in the market of its customer base. It involves precise and long-term objectives, the achievement of which leads to the creation of a strong image with high equity and credibility, as well as a competitive market position.
Today’s market is based on impression and emotions, with a multiplicity of enterprises offering comparable products with little or few variations. Customers, in reality, pursue partnerships with businesses based on similar values. Having a brand strategy aids in the development of such relationships.
There are so many different strategies used by the experts and one such strategy is the Beachhead Strategy. This article is about the Beachhead strategy and how the companies use it to boost their businesses.
The Beachhead approach was developed as a military concept for use in armed combat. The technique is often used while conquering and occupying hostile territory. The invasion should begin with low-guarded areas on the outskirts that are easier to take over and occupy, according to the Beachhead technique. These places then serve as a stronghold for the invading group, allowing them to launch an attack on the enemy’s central areas.
The invasion group takes possession of a location that the enemies don’t consider essential. That region is then used as a staging area for excursions and campaigns across the territory. In marketing, it has a similar meaning, but it refers to techniques that do not include violence or murder.
Beachhead Strategy as a Marketing Technique
In commerce, especially for new businesses, the beachhead approach entails concentrating your assets on a single important range, such as a smaller showcase portion or item category, and conquering that region first, even overpowering that showcase, before expanding into larger markets.
Typically, a newly launched item or service is first promoted in areas on the city’s outskirts, where the population is lower and lives are less active than in the city’s core. These ranges are used to evaluate the new product. The reaction to the item, as well as the promotion strategies, are all taken into account and examined. If there is a positive response, the same promoting practise is stretched across a longer distance and used throughout the range.
The Beachhead method gives businesses an excellent opportunity to test their marketing ideas with the general population without spending a lot of money. The initial promoting push is reasonably limited in scope and money, and it grows to small ranges, which is reasonably inexpensive. Furthermore, the opinions produced by that small group of people are not only easier to collect and evaluate, but also a credible picture of what the reaction would be over a large area with a few tweaks of course.
This method is frequently employed by businesses to assure the success of their products and services. When they were first starting out, several big businesses adopted the Beachhead approach to achieve popularity and cement their place in the market. Facebook is one of the most successful examples of the new businesses that adopted the Beachhead method.
When Facebook was launched, Myspace was the dominant social networking platform, and Facebook stood little hope of fighting with it. Facebook, on the other hand, was certain in its new product and innovation, as well as its target audience. What Facebook did is that rather than directly competing with Myspace, Facebook built a beachhead elsewhere. Initially, only Harvard students and alumni had access to Facebook. Facebook concentrated all of its resources and strategy efforts on capturing one university. The evident strategy here was to focus on one campus at a moment. It found locations where Myspace was weak and developed a Beachhead there. But by the time Myspace realised it, it was too late.
Another great example is how Amazon first started out in the book market which at that time was very in demand and turned out great for the company. This allowed the business to create a beachhead model, and then Amazon moved into neighbouring product categories, then into various markets, finally becoming the world’s largest e-commerce company.
The beachhead technique is not without its drawbacks. The market dynamics as well as the sort of product/service are important considerations in the approach. The time that the company is not growing into new markets is a significant advantage for the competitors and financial loss for the business.
It can be challenging to find the smallest market that is both large enough to be significant and tiny enough to succeed. Due to the restricted revenue options available, startups that choose the wrong beachhead are more likely to collapse.
The beachhead strategy can be a gamble sometimes. It provides the prospect of allowing new players to enter the market alongside established players. It also has drawbacks in terms of limiting rapid growth because the strategy focuses on one market at a time. When using the beachhead strategy, a company must exercise caution. When a business sees a quickly rising market that fits its products and skills, it often rushes to establish a foothold in it. It’s easy to get caught up in the enthusiasm and overlook other potential market participants. Rivals may be seeking to establish their own beachheads with freshly created technology, thus ignoring them can be harmful.
FAQs
Why is it called a beachhead market?
The beachhead strategy is named after the WWII battle of Normandy, in which Allied troops assaulted the Normandy beachheads, allowing them to control one of WWII’s most pivotal engagements.
What are the required characteristics of a good beachhead market?
The market is chosen based on the suitability of the resources available, the products, and the market itself.
What is a beachhead segment?
A beachhead market is the segment of the market that you wish to dominate with your internal startup idea first.
2020 has been a terrible year for all of us financially. People lost their jobs, business went into loss and many shops ended up with unsold and wasted products. While the middle class managed the crisis by cutting down expenditures, top entrepreneurs across the country are forced to do the same.
Since 2020, millionaire and billionaire entrepreneurs in India have suffered back breaking losses. Crores of rupees went down the drain as the market went south and businesses were closed. Hospitality agencies, food delivery chains and e-commerce business owners were among many who faced losses.
Here is the list of top Indian entrepreneurs who lost money since 2020:
The youngest billionaire of India, Ritesh Agarwal suffered a loss of a staggering 3000 crores in 2020. The company’s net worth fell by 40%. One of the reasons is supposed to be ‘the conflicts with hotel owners’, said Masayoshi Son.
It is also contemplated that the investors got overly enthusiastic with the idea and overdid the whole thing without thinking much about the shortcomings.
Sachin Bansal and Binny Bansal
Company – Flipkart
Sachin Bansal and Binny Bansal
In March 2017, the company had 39.5% of all e-commerce market shares. Then, in August 2018, 77% of Flipkart’s shares were bought by Walmart, an American retail corporation. In FY 2020, it reported losses of Rs 1936.6 crore with Rs 6317.7 crore in revenue.
Kumar Mangalam
Company – Idea
Kumar Mangalam
After the emergence of Jio, many network companies in India suffered major losses. ‘Idea’ is no different. In March 2020, the company was Rs. 1,15,000 deep in debt including Rs. 87,650 due to deferred payment obligations. Rs. 46,000 crores were to be paid as AGR dues. Rs. 68,544 million were paid.
The company faced a loss of Rs 73,878 crores with Rs 44, 957.5 crore as revenue in FY 2020. The CEO, Ravinder Takkar has said that they are focusing on 4G coverage and capacity expansion to improve customer’s overall experience.
Vijay Shekhar Sharma
Company – Paytm
Vijay Shekhar Sharma
Paytm is also lost money due to many competitors in the e-payment sector. In Ant Group IPO filing, losses are seen to be around 1435 crores. There was some light as it cut its losses by 28% in FY 20 but its revenues have also fallen 1% to 3350 crores.
Vipul Parekh, Sudhakar, Hari Menon, Ramesh, and Abhinay Choudhri
Company – Big Basket
Soon to be acquired by Tata group, this Alibaba-backed company offers home delivery of groceries. The company went unicorn in March 2019 but now records heavy losses back-to-back.
It lost Rs 611 cores which were greater by 6.7% as compared to last year. The company is planning to be big in the coming year but now, it’s losing huge amounts of money each year.
Naresh Goyal
Company – Jet Airways
Naresh Goyal
After being grounded for nearly two years, the company suffered a loss of Rs 2,841.45 crores in FY 2020. 2019-20 total income was Rs 354.2 crores as per said in BSE filing. The company has been struggling financially since April 18, 2019.
It’s under CIRP i.e., the Corporate Insolvency Resolution Process. The company failed to get funds for even daily operations and was temporarily shut down.
Sunil Bharti Mittal
Company – Airtel
Sunil Bharti Mittal
Bharti Airtel posted a net loss of Rs 2,866 crores by the end of the June quarter. The company has been in loss for a long time now and is struggling to get the back on its feet. The tough competition among Indian network services and the free services of Jio for a substantially long time has left very little room for other companies to thrive.
Kavin Bharti Mittal
Company – Hike
Kavin Bharti Mittal
Hike has been the sole local competitor of the online messaging giant, WhatsApp. But right since the beginning, it has been struggling with its operations. Hike’s revenue in 2019 was mere Rs 13,000 crore.
It has failed to generate any substantial revenue in FY 2020. The company has been cutting down its losses as much as it can by reducing marketing expenses and employee benefit expenses.
Delhivery is an e-commerce logistics startup based in Gurugram. This suffered loss of Rs 284.13 crores in FY 2020. Unlike other companies on this list, Delhivery has managed to cut down its losses drastically from Rs 1781.04 crores in FY 2019.
Its revenue for 2020 was Rs 2986 crores with expenses of Rs 3250 crores. The company is also planning for public listing in 2022-23.
Deepinder Goyal
Company – Zomato
Deepinder Goyal
Zomato’s losses went up by 160% in the fiscal year 2020. It reported a loss of Rs 2,451 crores. The expenses of the company went up by 36% to Rs 4,628 crores. The good news is that the revenue also grew.
Zomato also started dine-out which is mainly a transactional business as customers have to pay through the Zomato app. Zomato is a food delivery company which is bound to lose money in the Covid era. But there’s hope for growth as Deepinder Goyal is confident that it will witness a steep recovery post-Covid.
Conclusion
These were some of the Indian Entrepreneurs who lost crores of rupees due to various reasons. Some of them may recover and for some; it’s highly unlikely.
FAQ
Did entrepreneurs lost money in 2020?
Yes, Many entrepreneurs lost money in 2020. Some of the top entrepreneurs who incurred huge losses are Deepinder Goyal, Vijay Shekar Sharma, Ritesh Agarwal and Sachin and Binny Bansal.
What were the challenges faced by entrepreneurs by startups in 2020?
Some of the challenges faced by entrepreneurs in 2020 were acquire funding to start the business, keeping existing customer, and finding new customers.
Ever since Narendra Modi the Prime minister of India made an official announcement about “Make in India” it became a movement to enrich the startup economy of India. Since then it has received a good deal of support from people and companies not only from the nation but also from all around the world. Large corporations also lent their helping hands to enrich this journey. All these efforts resulted in the improvement of startup culture in India.
Celebrities have been an active part of this investment program. This has not only increased investments in startups but also has provided encouragement to do the same. Common people idolize celebrities in almost every aspect of life. Hence watching their favourite stars invest in startups would definitely enable them to invest in startups too.
The “Dada” (elder brother) of Bengal did not fall back on the trend either. Sourav Ganguly is the former captain of the cricket team of India. He is a cricket administrator and president of BCCI now. He is also a cricket commentator.
Sourav Ganguly established himself as a leading batsman of the Indian cricket team. For his prolific offside effects, he was called the “God of the offside”. He was also termed as the “Maharaja of Indian cricket”. He is remembered controversially too from his iconic shirt wave on The Lord’s balcony. It was a historic moment as a reply to the arrogance of England’s cricketers.
However, Sourav Ganguly has always been very experimental and unique in attitude.
At the very beginning of the year 2018, the news of Dada investing in startups was known. He invested in an entertainment company called Flickstree. Flickstree is a tech infotainment institution founded in the year 2014 by Saurabh Singh, Rahul Jain and Nagendra Sangra. It began in the year 2017 in India.
Flickstree is basically an Al enabled video publishing network enabling users to attain more engagement and traffic in their videos. It is a personalized video magazine. It curates free to watch videos for its subscribers. It has a collection of videos from apps like Facebook, YouTube and so on. The greatest benefit of this platform is that people can find videos they desire to see gathered from every source and app at once. It saves both energy and time.
Users are provided with categories like comedy, documentary, drama to watch and choose their video from.
According to Sourav Ganguly digital entertainment is gradually engrossing the crowd. Both cricket and entertainment according to him are good scopes to invest in. India is gradually building a hunger for both. Hence he saw an opportunity to invest in this tech entertainment factory.
Flickstree is also backed by FBStart, a Facebook program. It has been sponsored by multiple companies. Aditya Group, Venture Catalysts and Moksh Sports Ventures are the companies that primarily invested here.
Users can subscribe to a single magazine of videos as of 2018. Dada says he would want the creators to facilitate the users with a multiple video magazine facility.
The makers of this startup want their business to roll out abroad in countries like Australia and Indonesia.
Hence we can say the first try in the sphere of investment in startups was a win-win for Dada.
By the end of 2020, there was a talk of Sourav Ganguly investing money in Classplus. Though the amount pumped is undisclosed. Classplus is an Ed-Tech company helping teachers and students connect better. It helps teachers create material, teach, take tests and much more. Hence Sourav Ganguly in every way has invested in good spaces. Recently we have also seen him in ClassPlus’s advertisements.
We are looking up to him for investing in sport based spaces really soon.
FAQ
What is the net worth of Sourav Ganguly?
The net worth of Sourav Ganguly is around $50 Million (Rs.365 Crores).
What is the age of Sourav Ganguly?
Sourav Ganguly was born on 8 July 1972 and is 49 years old.
When did Sourav Ganguly retired from cricket?
Sourav Ganguly retired from international cricket in 2008.
Tiger Global Management is known to be the most statistical and voracious startup investors among all. It has developed with a great prospect and is proceeding towards investing in more prominent startups, especially those who hold the potential to earn unicorn status someday. And in recent years, Tiger Global Management has made hostile growth.
Tiger Global Management is a New York-based investing firm, built in the early 2000s. The firm not only made remarkable progress but also became one of the most prolific investment firms among the billion-dollar startups. The estimated value of the total assets of Tiger Global Management is around $65 billion.
In the initial days, Tiger Global Management invested in private companies in India and China but now, the firm invests in some of the biggest startups companies. But, how does the firm gain such progress? Well, to understand it better we need to know the strategies and portfolio for Tiger Global Management.
According to the Crunchbase data, Tiger Global Management has invested in 118 companies in 2021. The firm has made ten times more growth in the initial months of 2020. In this article, we have presented some of the biggest investments made by Tiger Global Management. Let’s get started!
Infra.Market is a well-established technology firm that offers a one-stop marketplace for manufacturing materials and goods. Recently the firm has raised its Series C funding to $100 million led by Tiger Global Management along with some other potential investors like Nexus Venture Partners, Accel Partners, Sistema Asia Fund and Fundamental and Evolvence India Fund.
The largest funding amount received by Infra.Market is $1 billion making its absolute way to the unicorn list. This funding is intended for the advancement of the seed market and their private label brands enhancements, technological offerings and direct-to-direct channels and exports. The company founded by Aaditya Sharda and Souvik Sengupta in 2016 has made quite an impactful position in the market.
Innovaccer
Innovaccer Website
The very prominent Innovaccer is a healthcare software-as-a-service (SaaS) startup. The company has recently gained unicorn status after the tremendous fund-raising session by Tiger Global Management, which helped it reach a valuation of $1.3 billion.
The last year estimated valuation of Innovaccer was $350 million after the Series C funding round but when the SaaS startups were globally increasing their capital and catching investors attention, Innovaccer raised the valuation to $105 million in the new round.
Innovaccer has many potential investors such as Dragoneer, Steadview Capital, M12, B Capital Group and Mubadala Capital. These investors participated in the new round of funding along with the OMERS Growth Equity. And so far, Innovaccer raised $225 million.
The widely famous Ola Electric Mobility Pvt. Ltd is a well-established private company in India for its cab services. Recently, Ola received a great investment from the ride-hailing unicorn’s investor, Tiger Global Management.
Ola is aimed to enhance its Mission Electric programme which was announced last april. In this programme, Ola will launch 10,000 electric vehicles, mainly three-wheelers and intended for promoting one million electric vehicles by 2022.
Ola is currently testing several commanders to deploy electric vehicles and their charging solutions. Moreover, it is working on the advancement of battery swapping stations and two or three-wheeler electric services.
Ola is making its strong uphold position among the industries and currently working with many prominent automobile industries in order to enhance the functioning of electric vehicles.
Brex
Brex Website
The prominent San Francisco based startup, Brex Inc., offers corporate cards to several companies as well as venture capital-backed companies. It received a major uplift of $425 million through a funding round investment by Tiger Global Management.
Previously, Brex valuation was estimated as $7.4 billion from the investment from TCV, Ribbit Capital and many other firms.
Brex entered the sector which was majorly dominated by the likes of either American Express Co. or JPMorgan Chase & Co. The company experienced progressive growth together with manufacturing other products such as business cash accounts and bill pay software. This brought a clear targeting measure for traditional established small to the big businesses.
Flipkart is a well-known E-commerce company, whose $14 million worth of shares has been sold to the Tiger Global Management firm by its co-founder Binny Bansal. Ever since Walmart grasped its hands around the E-Commerce firm, this would be the third time when Binny Bansal sold a tranche of his share.
The shares holding of Binny Bansal has been transferred to two types of Tiger Global Management funds. The first part of the share i.e., 47,756 equity is transferred to the existing Internet Fund III Pte Ltd. and the other 54,596 is to incoming Tiger Global Eight Holdings.
Conclusion
Tiger Global Management has made great progress in recent years and the firm has gained many portfolios as well. The firm is going for every potential startup doesn’t matter how established they are in the market. It is investing in many new potential startup companies through millions of shares.
In other words, Tiger Global Management is acquiring every opportunity of investing in independent potential startup companies. And with this exponential graph flow, Tiger Global Management is estimated to grow even more aggressively.
Today, almost every startup aspires to secure investment from Tiger Global Management. However, there are still many heights that Tiger Global Management has to reach.
FAQ
What is Tiger Global Management?
Tiger Global Management is an American investment firm that focuses on internet, software, consumer, and financial technology industries.
What are the top startups funded by Tiger Global Management?
Flipkart, Brex, Infra.Market, Innovaccer and Ola Electric Mobility are top startups funded by Tiger Global Management
Who is the founder of Tiger Global Management?
Chase Coleman is the Founder of Tiger Global Management.
The role of startup Incubators and Accelerators has a significant impact on the Indian Startup Ecosystem. Hyderabad, being the major city of the technology industry and termed as the “City of Pearls”, embraces many budding and successful entrepreneurs. For budding entrepreneurs, Incubators and Accelerators in Hyderabad play an important role in building up the startup ecosystem with a unique and adaptable business model.
While ‘Incubators’ mainly focus on the innovative aspect of the early-stage venture to build an effective business model and incubate attention-seeking ideas, the ‘Accelerators’ often look into scaling the business leading to impactful growth and development. Though the accelerators and incubators are different theoretically, the practical aspect seems to be a little different with coinciding aims and features.
The startups or early-stage ventures need to choose the right incubator or an accelerator based on their interests and requirements. Thus, we are here to help you in making a wise decision by providing you with a comprehensive list of top startupIncubators and Accelerators in Hyderabad.
By fostering the Culture of Innovation, T-Hub tends to empower the startups to build at a fast pace, create a strong network of stakeholders, and accelerate innovation. T-hub is a incubators in Hyderabad that aims in enabling and empowering the ecosystem in need of innovation. They do so, by having partnerships with various corporate partners, government agencies, and institutions.
By building up a vast network of investors, this startup incubator aids entrepreneurs by giving them access to funding and other essentials. With the major focus on tech-based hyderabad startups, it aims to get better technology and talent to the ecosystem.
T-hub offers-
Investor network
Funding
Mentoring
Landscape enablement
Government support
International Institute of information (IIIT) – CIE
IIT-Hyderabad is one of the top startup incubators in Hyderabad. The hyderabad incubator promotes entrepreneurship and technology scalability through the Centre For Innovation and Entrepreneurship (CIE), which is considered one of the largest academic technology incubators in India. With a major focus on deep tech, IIIT CIE acts as an incubator and accelerator to startups.
To create and scale technologies like visual informatics, med tech, data engineering, robotics, machine learning, and gaming, they support early-stage ventures in the best way possible. IIT-Hyderabad is a start up incubators, that has a pool of programs that is designed for startups that aims to help them scale their operations and create a successful identity.
Their portfolio includes – SmartLabs, Pinoty, Niche ai, Cyrrup, Studioz, Froogal, FreJun, Pay Matrix, Vitara, Devathon, Bliss among many others.
NASSCOM, one of the leading startup incubators in Hyderabad, aspires to build and nurture the Indian Startup Ecosystem via various programs under them. They have programs relating to Incubate, Virtual Incubate, NIPP (NASSCOM Industry Partnership Program), and Integrate (Global Acceleration).
It is associated with esteemed funding partners which include CrunchBase, Nexus, Indian Angel Network, etc., It is also one of best startup incubators in India and some of its startups include Asksid, Headway.ai, Big trade, Bombay Play and many more.
Nasscom offer-
Community connect
Challenges and Hackathons
Mentors and Evaluators
Consulting sessions
Startup kits etc.,
TBI – University of Hyderabad
In the year 2006, the Technology Business Incubator (TBI) at the University of Hyderabad, was sanctioned as a program under The Department of Science & Technology, Government of India. This incubation centre in Hyderabad, has the thrust areas being Biotechnology, Pharma, and Renewable energy.
TBI is a startup incubator aims to encourage and quicken the growth of small enterprises in the chosen areas. In an attempt to nurture local development and skilled graduates, TBI concentrates on providing for product development and commercialization.
Association of Lady Entrepreneurs of India (ALEAP) is one of the essential incubation centres in Hyderabad that focuses on eco-friendly products like Jute, Paper, Textiles, and Compost. The incubator centre at ALEAP is known as We-Hub, and is known to be a startup incubation center in Hyderabad, as it is theheart of innovation and excellence for the startup ecosystem.
Intending to fulfil entrepreneurial dreams, We-Hub is startup incubators provides a well designed and strategic environment to let startups fly high where the sky is only the limit. To foster women entrepreneurship and lead their development as successful entrepreneurs, We-Hub attempts to provide an innovative approach and financial sustainability.
Thrust areas being Electronics, Food Processing, Textiles, Robotics, Solar Power, Plastic, IT, etc. Baby prints, Transcell, Ind Millet Foods, Laundry Basket, Persun Technologies, etc., are some of the startups incubated under We-Hub.
ALEAP offers –
Infrastructural support
Networking and Marketing hub
Mentoring
UnLtd Hyderabad
As affiliates of UnLtd India, UnLtd Hyderabad, one of the best accelerators in Hyderabad, follows Unltd India’s type of incubation support. The essential aspect of the incubation program under UnLtd Hyderabad is the major focus on social entrepreneurs.
This startup accelerator helps startups with various opportunities to heighten their growth as leaders and to enable them to deliver superior performance that would have a huge impact on society at large. Right from piloting the idea of building it and taking it to a wider scale, UnLtd amplifies its services with diverse inputs and mentoring.
The four main I’s’ that is concentrated upon while evaluating the incubates are – Individuals (Entrepreneurial characteristics & commitment), Idea (Innovative & Problem solving), Impact (Long termed & Sustained), and Incubation ( Feedback & support).
Progress Labs is a Tech-based start up incubator, that attempts to address the business or technological challenges with a lack of existent solution. The Challenges for startup incubation can range from lack of resources to build solutions on their own to improvement in the value of the business, Progress labs come in to redefine the issues, look for opportunities and design a pilot with the latest technology.
Progress Labs help startups in areas of the project include Conversational UX, Enterprise Software, Adaptive Security, AR & VR, Digital Health, AI, Blockchain, IoT, and Application Architecture. The team at this hyderabad incubator includes data scientists, software engineers, product management, UX Designers, etc., based on the level of the project.
The Progress Labsprocess includes-
Defining the project
Sign up for the pilot
Operate with the founding tech team to scope up.
a-Idea (TBI)
Association for Innovation Development of Entrepreneurship in Agriculture (a-Idea), is a renowned Technology Business Incubator (TBI) that is hosted and supported by the National Academy of Agricultural Research (NAARM), Department of Science & Technology, GOI.
To promote entrepreneurship culture in the area of agri-business and food processing, a-Idea attempts to provide immense support to incubate and accelerate the growth of the early-stage ventures. This incubation centre in Hyderabad, helps startups inconceptualizing the idea to business development and incubation with accelerating growth, a-Idea is at the forefront to scale the operations of the business to a higher level.
a-Idea offers-
Mentoring & Training
Research
Networking
Business & Infrastructural support
Workshop & seminars
Laboratory facilities
Tec support
Investment & advisory support
Connect to supporting organizations in the field of agriculture & research
Agri Bio Nest
It is an initiative taken up by an Idea to nurture and support the biotech startups in the Indian Startup Ecosystem. It is supported by the Biotechnology Industry Research Assistance Council and Agri Biotech Foundation (ABF). Agri Bio Nest is a leading incubators in Hyderabad, as it promotes biotechnology for sustainable agriculture development.
This startup incubators mainly focuses on Plant tissue culture, Biofertilizers, Seed Development, Organic Manures, Biofortification and Soil & Water testing. Any entrepreneur or hyderabad startup with a passion to ideate on commercializing products in the domain of Agri-Biotech can approach and get necessary support via incubation.
The Atal Incubation Centre – Centre for Cellular & Molecular Biology (AIC-CCMB), is an eminent technology business incubator that majorly supports deeptech. Being the hub of life sciences & biotech, this centre is supported by the Atal Innovation Mission of NITI Aayog.
The main aim of this hyderabad incubator is to promote and cultivate the nature of entrepreneurship in this dynamic environment with the help of various programs and activities. Tardigrade, Sifrbio, Achira, Althion, Avra, Bio Artis are some of the alumni startups under this startup incubator.
Atal Incubation Centre offers-
Mentoring
Connect with Industry experts & consultants
Funding support
Infrastructural support
Equipped biosafety level labs
Nutri Hub
With the support of the Department of Science & Technology (DST), Government of India, Nutri Hub is one of the unique technology business incubators in Hyderabad that tends to nurture the needs of startups in the Nutricereals sector. This startup incubators encourages innovative & budding entrepreneurs to scale up the growth of Millets (Nutricereals).
Nutri Hub is one of the best incubators in Hyderabad, conducts various events that range from cooking with millets, promotion of millets to seminars on company management & sensitization workshops. The main mission of this hyderabad incubator entails the enhanced growth of the millet value chain, that converts ideas into illuminated Agribusiness in Nutricereals.
Areas of interest include Seed management, Millets processing, Supply chain, Agronomy, Farm Mechanism, IoT and Agri Health services. Startups Incubated: Inner Being, Health Sutra, Health e Basket, Go Bhaarati, Rigdam, Hope Foods, Argolite among many.
It is a premier Science park and incubator in Hyderabad to cater to the entrepreneurs’ ecosystem with leading innovation. It helps Med-tech hyderabad startups build their business with prominent research amenities and assistance.
This incubation centre in Hyderabad, launches various innovation scouting programs in partnership with the Bill & Melinda Gates Foundation, Govt of Karnataka, DST, DFID, etc. Incubatees include Laurus Labs, AgNext, Telluris Biotech India, Ortin Biotech, Agrin Life Sciences, Innovo Biotech, Iven Aqua among others.
It is another one of the top startup accelerators, incubators and entrepreneurship centres set up in Hyderabad. TEZ is a well known accelerators and incubators and aims to enhance and nurture the skills among entrepreneurs and build an effective startup ecosystem. TEZ provides a hands-on program with an intense focus on mentorship provided by industry experts, making it one of the best startup accelerators.
This startup accelerator has designed a 6-months module that assists entrepreneurs with insightful inputs for sustaining the growth of the business. Its portfolio includes- Papers n Clips, Razen Customs, Prewento, Fitza, Kosem, Chem Direct, Eggsplode, Just Analyze among others
TEZ offers:
Mentorship
Office space/Infrastructural facilities
Consultancy from various professionals
Fund Facilitation
Training
Conclusion
Though there is a significant difference between Incubators & Accelerators in the Indian Startup Ecosystem, they mainly look forward to a better startup establishment. Keeping in mind the dynamism prevailing in the environment, many institutes/firms provide both incubation and acceleration for startups with personalized and flexible options. With these tips, you can find the startup accelerators and the best incubators in Hyderabad.
This was our list of Incubators & Accelerators in Hyderabad. If you are one among them, then connect with us at shubham@startuptalky.com to get featured in the list.
To select a good startup incubator you have to research, find a incubation centre near you, look at the mentorship, make sure the timing is right, refine you company story, check your equity fundamentals, ask for a referral, and then work on perfecting you pitch.
How many startups are in Hyderabad?
Hyderabad is known to have over 3000 startups out of 20,000 starrtups present in the country. Which is why there are many good startup incubators in Hyderabad.
How do incubators make money?
Incubators in Hyderabad or around the countrymake money by take eqiuty stake ins in multiple startups. They also earn money by selling incubation services to startups, sponsors among other ways.
How do incubators work?
The best startup Incubators usually help startups improve or succeed by providing them with workspace, seed funding, mentoring and training for various sectors.
Do Incubators and Accelerators provide funding?
Yes incubators and accelerators provide seed funding especially during the early stages of the startup.
What is the difference between Incubators and Accelerators?
The difference between Incubators and Accelerators is that accelerators are more finance-focused, whereas incubators may focus more on mentorship and coaching
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 Azah.
Feminine hygiene and its awareness have never been given its due importance in India It is only recently that people have become cognizant of it. Still, there are many women who compromise on their health by using below-par products for menstrual hygiene.
While awareness about feminine hygiene is seeing an uptick, the existing products available on the market, especially sanitary pads, aren’t up to the mark. The optimal ones do their work but are often out of reach of the lower classes due to their costs. To tackle this issue, two individuals from Gurgaon launched a venture named ‘Azah‘ in 2018.
Azah was founded with the aim to innovate, improve, and deliver high-quality products that solve menstruation-related hygiene issues faced by the Indian female population. Azah sanitary pads are the most well known product of the company as it is ultra-soft organic sanitary napkins known to be safe and comfortable, according to Azah sanitary pads reviews.
StartupTalky interviewed Azah founder Mr. Aqib Mohammad to learn more about the company.
20th December 2019 – Female wellness startup, Azah Raised funding from Snapdeal founders Kunal Bahl & Rohit Bansal
Gurugram based female Wellness Startup, Azah.in, announced that the company has raised an undisclosed amount in Pre- Series A funding round from Snapdeal founders Kunal Bahl and Rohit Bansal, Angel List India and a few other HNIs. According to a press release made by Azah on 20th December 2019, the lead funding came via Titan Capital, a VC arm run by Kunal & Rohit.
The startup plans to use procured funds to enhance its production, launch new products and expand sales operations in tier 2 and tier 3 cities. As said by Azah sanitary pads owner Aqib Mohammed, a good portion Azah funding will go into the research and development of new products and carrying out further innovation in the company’s current product line. The company is also planning to expand its reach to newer demographics while exploring alternative channels to drive growth and acquisition
6th March 2020 – Female Wellness Brand Azah launches #RashFreePeriod Campaign on International Women’s Day
On the occasion ofInternational Women’s Day 2020, Azah, India’s fast-growing female wellness brand, has launched a month-long #RashFreePeriod campaign. The campaign aims to encourage healthier menstrual practices and help women better protect themselves from rashes and irritation.
The campaign to be run by Azah, invites women from all across India to buy Azah sanitary pads and use them while promising its customers a 100% refund should they get any rashes during their period.
According to a survey done by Azah among urban Indian women, around 50% of the women reported facing rashes and irritation during their period. The #RashFreePeriod campaign aims to educate women that these problems need not be an unavoidable reality of their lives and can be easily be prevented by using chemical-free products and following basic hygiene practices. Which is why the Azah rash-free organic sanitary pads became popular in the market.
Shashwat Diesh and Aqib Mohammed, Azah pads owner said that, “As men, we were ourselves oblivious to the problems faced by women during their period. It was only when we saw our sisters’ lives get severely impacted because of rashes, did we realize that there is still a lot that needs to be done with respect to this category. #RashFreePeriod Campaign is our effort to help tackle this problem and make comfortable, rash-free periods a much more accessible reality for women. It is an Azah promise.”
“During the course of our journey, we realized that a lot of women have accepted rashes as an unavoidable part of their lives. Our aim is to educate as many women as possible that rash-free periods are completely possible and women need not suffer from rashes every month throughout their menstrual lives. A testament to this is the fact that more than 97% of our customers who used to face the problem of rashes with standard pads no longer face the problem after switching to Azah. This insight is based on an internal research study that was conducted with more than 3000 Azah customers.”, added the duo.
Azah.in currently manufactures ultra-soft organic sanitary pads that are available in 3 packages – a box of 12, a box of 15, and a box of 30 pads. Azah pads are made to ensure premium quality at every stage of the production process. The price of Azah sanitary pads is Rs 239 for the pack of 12 pads, Rs 289 for the pack of 15 pads, and Rs 519 for the pack of 30 pads. Azah sanitary napkin scan be purchased online from the company’s website as well as from other major e-commerce portals.
The USP of Azah rash-free organic sanitary pads are:
Convenient: The pads are available in 2 sizes. Both can absorb the light, medium and heavy flow.
Ultra-soft: The top layer of the pad is made with the finest organic cotton. This ensures a smooth velvety surface to prevent irritation and rashes.
Chemical-free: According to azah sanitary pads review, they don’t have harmful chemicals such as chlorine, dioxins, and artificial fragrances.
Super absorbent: can absorb up to 1000 times its weight in water.
Eco-friendly: All the layers except the bottom-most are made of either cotton or paper. Each pad comes in a sealed biodegradable disposal bag.
FDA approved: Azah is also amongst those Indian organizations that have been approved by the United States FDA, one of the most reputed quality certification bodies in the world known for its exacting standards.
Free of harmful plastic and synthetics.
Azah Pads
Azah – Industry Details
The Indian feminine hygiene industry is growing rapidly with women becoming more educated, financially independent, and aware of personal hygiene. Which is why companies like Azah are launching fem care line installation company in India.
The revenue in the feminine hygiene segment has been US$105 Mn in 2019. The market is expected to grow annually by 6.7% (CAGR 2019-2021).
Azah – Founders
The Azah founders are Aqib Mohammad and Shashwat Diesh, and the platform was launched in November 2018. Shashwat and Aqib met while they were working with Snapdeal and came together to start Azah.
Aqib Mohammad graduated from IIT Roorkee in 2015. He worked with Snapdeal and co-founded Edtech startup Xolvr.com that got acquired in October 2016.
Shashwat Diesh graduated from R.V College of Engineering in 2012. He worked with Ola and Snapdeal before Azah. He also founded an FMCG brand ‘Flossy’ in 2017 which he exited in February 2018 to focus on ‘Azah’.
Menstruation and openness are rarely mentioned in the same breath because of the social stigma around them. Therefore, it is was a courageous act for Aqib and Shashwat to start a company based on manufacturing sanitary pads.
It began with a casual conversation.Sometime around May 2018, Shashwat was having a general talk with one of his sisters. She casually mentioned the problem of rashes and itchiness due to the conventional sanitary pads in the market.
Sashwat was moved by his sister’s ordeal decided to take corrective measures. He spoke about the same with his friend Aqib and the duo began researching sanitary pads. They did a survey at the end of May 2018 and got a response from 285 women attesting to the fact that 1 in 2 women face rashes and itchiness from menstrual pads. They inquired further about feminine hygiene from gynaecologists and experts.
On the 1st of June 2018, Aqib and Sashwat left their respective professional commitments and to work full time on Azah. On 28th October 2018, Azah.in officially launched its products in the market.
“Without support from family and friends it would have been very tough to start up a company to produce sanitary pads considering the taboo associated with it”, says Aqib, the Azah founder.
Azah – Name And Logo
Azah logo and the name is a Hebrew name meaning strong and bright. The brand name is inspired by the immense strength a woman carries within herself and consequently as a brand, it aims to lend the same qualities to its product line.
Azah Logo
Azah – Funding
When it comes to Azah funding, the company has raised USD 200,000 in seed-round funding from a group of angel investors in April 2019.
Date
Stage
Amount
Investor
April 2019
Seed
$200,000
Angel Investors
Azah funding is said to be used for the expansion of its inventory and operations across India. Azah.in plans to use a part of the fund to optimize its supply chain management and improve customer service by leveraging technology.
It’s extremely hard to develop and design a product that you yourself can’t use – Aquib (Azah Founder)
While the company got its first set of customers through friends and family, the biggest factor that helped the company scale to 5,000 customers in a matter of 90 days was through positive word of mouth publicity. The company also runs social media campaigns to promote its products.
Azah – Major Challenges
According to founder Aqib Mohammad, brand stickiness is unusually high in this industry. There is very little consumer awareness and women resort to whatever brand they were introduced to in the beginning by their mother or sister. It has always been a challenge for an upcoming brand to convince customers to switch brands, especially when they’ve been using a specific one for as long as a decade.
Azah – Competitors
The company faces tough competition from international market leaders like P&G and Johnson & Johnson. The company has been still been successful in carving its niche in the market and earn the trust of consumers. The other Azah Competitors are Peebuddy, Carmesi, Nua, Heyday Care, GlamEgo, Bharti Sales, My Urifiemme, GoGirl, among others.
When it comes to azah pads vs nua pads, Azah Sanitary pads is better because is free of harmful synthetics such as chlorine, dioxins, and artificial fragrances, and is FDA-approved. Besides that, it also helps to prevent rashes and itchiness. Whereas Nua on the other hand, is super light, chemical-free and has great absorption, but is more expensive.
Azah pads vs Nua pads
Azah – Advisors And Mentors
Azah is moving forward under the expert guidance of Mr. Mehmood Khan who served in the Global leader innovation process at Unilever from 1990-2009.
We are friends first then colleagues – said Aqib Mohammad.
Every member of the Azah team is motivated by the positive impact fostered through the work done at Azah. This enables the team to go above and beyond in making ever-lasting contributions.
Azah – Achievements
The Azah sanitary pads review are usually positive from all customers across various e-commerce platforms. It sold more than 200,000 pads within 5 months of launch.The Azah pads review also helped the company to successfully served customers in over 1800 pin codes across India with the average delivery time being only 2.5 days.
Azah’s average monthly revenue is growing at 50%. The company’s revenue crossed INR 10 lakhs in March 2019.Azah.in claims to have a retention rate of 90% and has a net promoter score (NPS) of +6.
Azah – Future Plans
Azah plans to become a one-stop solution for all premium feminine hygiene products. Azah.in is expecting a ten-fold growth in order volumes by 2020. The company envisions expanding globally over time since the Azah sanitary pads review are positive and the demand for Azah sanitary pads has increased over the years.
Azah – Founders Advice
Don’t be afraid of taking risks. More importantly don’t be afraid of failure – Aqib, (Azah pads owner).
Consider how different the world would be if WhatsApp didn’t exist. It’s true that in today’s technology-driven culture, doing so would be difficult. You’ve undoubtedly used WhatsApp to send someone a message, voice note, audio clip, animated GIF, or video clip if you have a smartphone.
WhatsApp, Facebook’s messaging network that cost $19 billion to buy in 2014, is still the most popular IM service, with Messenger, its parent company’s platform, following suit. Even though you (probably) use it on a daily basis, there may be certain aspects of its functionality or what you can do within the programme that you are unaware of.
The issue is, the amount of money being put up for a texting software is ridiculous. Is Facebook able to recover its WhatsApp investment? The social media behemoth declared that it will remain autonomous and free of ads. However, the burning question of the day is: Where will the money come from?
WhatsApp is compatible with a wide range of mobile platforms, including iOS, Android, Windows Phone, Blackberry, Nokia S40, and Nokia S60.
It is extremely popular among users in developing countries, which appears to be Facebook’s strategy. In fact, according to TechCrunch, consumers are 12X to 64X more likely to say WhatsApp is their most used messaging app than Facebook, according to a Jana Mobile poll released today.
However, it’s no secret that a large number of teenagers have abandoned Facebook in favor of simpler social networks. They’re using messaging and photo-sharing applications like WeChat, Snapchat, and Instagram, according to a survey. As a result, Facebook’s recent foray into mobile might be aimed at bolstering its young audience.
After all, Facebook’s business model is based on advertising and gathering data on its users for advertisers, and crucial insights into a younger demographic may be a gold mine for Facebook in terms of enhancing its ad offering.
All messages sent and received through WhatsApp are now encrypted end-to-end, which means hackers or oppressive regimes cannot breach your privacy. Developed by Open Whisper Systems, whose encryption protocol has been used by renowned messaging tool Signal for years, all messages sent and received through WhatsApp are now encrypted end-to-end, which means hackers or oppressive regimes cannot breach your privacy. Since then, this change has thrown WhatsApp into the legal spotlight, as it implies that communications cannot be legitimately intercepted as well.
WhatsApp does not save any information about its users
Because, unlike Facebook Messenger or Skype, WhatsApp Web does not provide server storage for your conversations, it requires your phone and its associated data services to function. The server just keeps track of your undeliverable messages in a queue. Nothing is left on the servers once a WhatsApp message is sent to your device. You can backup and restore your messages using Google Drive or iCloud, of course.
Bold, Italics, and Strike-through text formatting
WhatsApp Feature- Text formatting
Since March, WhatsApp for Android and iOS has enabled basic text formatting in a straightforward manner, allowing you to use asterisks for bold, underscores for italics, and tildes for strikethrough in your messages. For a multi-formatted experience, you may mix any of the three.
Secret Whatsapp Features
Any contact or group can get custom notifications
Isn’t it true that almost every message you get on WhatsApp now delivers the same notification? As a result, the only way to determine if it’s essential is to check your phone every time a message arrives. However, there is a better method to go about things. Depending on the device you’re using, you may customize message sounds, ringtones, vibrating patterns, and pop-ups for your WhatsApp contacts and groups. The iOS version is more limited, enabling just sounds and ringtones. On Android, you can do all four, including selecting any sound file for calls and choosing between short and lengthy vibrations, among other things. This means you may set up separate notifications for your colleagues, friends, and family.
In the browser address box, type “whatsapp:/send?text=HELLO”
The messaging service also has its own Web protocol, which most websites utilise to implement a WhatsApp share function. If your phone has WhatsApp installed, entering the above text into your browser will launch WhatsApp and prompt you to select a contact to whom you want to send the message. Replace the word “HELLO” with whatever message you’d like to send to personalise the message. If you put some thought into it, it may be a fun method to trick pals into sending messages they didn’t want to send.
Check to see whether your messages have been read
Have you ever sent a message and afterwards discovered that it was sent and read, but you’re not sure when it was? WhatsApp shows you a few distinct ticks to indicate the status of your communication. It also goes a step further by providing you with a timeline of when your message was sent and read. Simply hold down any message and select ‘Info.’
Send a personal WhatsApp message to a group of people
It’s possible to send the same message to numerous contacts on WhatsApp without them being in a group chat or even knowing who else received it. If you want to communicate vital news with an announcement, or if you want to wish everyone a happy holiday season, this is the tool to use. It’s a quick and easy process.
Any messages you send using this approach will be received in WhatsApp conversation threads as individual messages.
Within a WhatsApp conversation thread, reply to a specific message
When things become a little crowded in group chats on WhatsApp, messages might start pouring in from all angles. If you get a message that you want to respond to but it doesn’t make sense to do so chronologically, you may go back to that previous message, mark it, and respond directly.
This causes the original message to show at the bottom of your chat screen, along with your reply. To do so, simply press and hold the message until a menu appears, from which you may choose Reply.
Swiping from left to right on the message you wish to reply to is an alternative and faster way.
WhatsApp can be used to compress pictures and videos
Sure, you could do it using a specialist picture editing programme, but if you don’t mind the quality decrease, this works wonderfully for a quick repair. Send the photos and videos to one of your contacts (or yourself) over WhatsApp, and then look for the compressed versions in your WhatsApp Media folder on Android or your Camera Roll on iOS. If you want to preserve space, you can remove the originals and share the compressed photos or movies through another method.
WhatsApp generates a user account : [phone number]@s.whatsapp.net
The service uses a customized version of the XMPP (Extensible Messaging and Presence Protocol) open messaging standard, which was originally created for the collaborative programme Jabber. As a result, WhatsApp employs the Jabber ID protocol in the form of [phone number]@s.whatsapp.net>.
Facebook and Twitter turned down the company’s co-founders
WhatsApp Founders – Jan Koum and Brian Acton
Before founding WhatsApp full-time, both Jan Koum and Brian Acton – who previously worked together at Yahoo – were rejected by Facebook and Twitter in interviews. Consider how different the world would be if just one of those interviews went well.
Brian Acton, Whatsapp Founder denied by Facebook & Twitter
5 people, 1 billion downloads
WhatsApp co-founder and CEO Jan Koum said that the staff working on the Android version was only five employees in total when the messaging app surpassed one billion downloads in March a few years ago.
Whatsapp popularity
Looking at those figures is like reading a fairy tale, and it serves as motivation for prospective entrepreneurs. But what made WhatsApp so successful in the first place? Here’s a rundown of factors that have led to its rise in popularity since 2009:
To sign up, all you need is your phone number.
WhatsApp used your contact list to highlight people who had already downloaded the programme.
2G and 3G data contracts opened the door for low-cost international texting (all you need for WhatsApp is an internet connection)
For a year, it’s free, and after that, it’s $0.99 a year for unlimited texts.
MMS was rarely utilized owing to its high cost, but WhatsApp’s photo sharing function made it inexpensive.
Cross-platform compatibility (Symbian is still supported!!) users in emerging marketing have jumped on board.
WhatsApp got a lot of things right in the start, and it’s allegedly growing faster than Facebook. “WhatsApp is on a path to connect 1 billion people,” Mark Zuckerberg said. But, with such a large sum of money on the table, one has to ask what else $19 billion might have been spent on.
This list should have provided you with some valuable tips, techniques, modifications, and more. There are some fantastic techniques here for all users of the famous WhatsApp messaging programme, from buying yourself time to react to messages to making your messages stand out with a different typeface.
FAQs
What is the number of WhatsApp users?
Reportedly WhatsApp has more than 2 billion monthly active users globally.
How many messages are sent in a day on WhatsApp?
Around 100 billion messages are sent each day on WhatsApp.
What is the no. of WhatsApp users in India?
There are around 390 Million WhatsApp users in India.
Which country has the most number of WhatsApp users?
India has the highest no. of WhatsApp users. Top 10 countries with ranking on no. of WhatsApp users are:
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