It might be surprising to know that India is the world’s largest growing industry of fintech companies. Fintech the short form for financial technologies and FinTech companies are those companies that sell technologies and services related to financial transactions.
With the world shrinking to one’s fingertips and everything from education to business shifting to the online mode, there is absolutely no limit to the extent to which fintech companies are growing across the world and especially in India.
Most of the firms today are investing in or are planning to invest in financial technologies heavily. It is expected that by 2023 the global fintech market will be valued at over $305 billion.
The growth of fintech industries in India has been really humble. It started to gain momentum in the country only after the government initiated liberalisation of the banking industry and the incorporation of technology.
Slowly more funds were received by the banking sector for Financial innovation. The sector started to experience the ripple effects of the financial technology revolution in the US and UK in the 2000s.
This enabled the Indian banking industry to slowly begin by offering services that are consumer-centric. In the early 21st century FinoPay Tech and EKO India were two startups that were curated in the Banking Correspondent Model (BCM). And that was just the beginning only to witness the emergence of revolutionary fintech startups like Paytm, FreeCharge, Mobikwik et cetera from 2005 onwards.
Since then there have been no turning back for the industry with a plethora of companies mushrooming across different segments like lending, investments, personal finance management et cetera.
According to the reports by Boston consulting group (BCG) and FCCI India’s fintech companies are going to be valued thrice than what they are valued today within the next five years.
It is estimated that Indian fintech companies will reach a valuation of more than $160 billion by 2025.
The establishment of fintech companies and their growth have been phenomenal in the last five years than ever before. This dynamic industry has more than 2100 companies among which 67% of them were launched in the last five years alone. The biggest achievements of the industry do not stop there.
In the first seven months of 2020, fintech companies in India received total investments worth $1.47 billion which was 60% more than what it had been in 2019. Among the trends and new answers of the industry, online brokerage was gaining more popularity and thereby encouraged investors to buy more equities, mutual funds, ETFs et cetera.
All these lead to increased activity in the industry as a whole which resulted in huge investments in the industry like never before. It saw the emergence of three new unicorns companies and five new soonicons (Companies that have a valuation of $500 million or more) just from the beginning of January 2020.
There is a total of 21 unicorns in India and out of which one-third of the companies are fintech companies, which is not a surprise anymore. Among the unicorns Paytm is the highest valued one at $16 billion.
Multifaceted Support From the Government
Among the activities of the Indian finch industries, online payments have always been at the forefront. In 2018 digital payment crossed over 24 .13 billion in 2018. These transactions are valued at over $3.5 trillion.
One of the major reason for the tremendous growth of Fintech companies in India is because of various government policies that allow and facilitate people to get on to the digital platform for storing and transacting money.
The extensive use of Aadhaar has made verification easier and policies like PMJDY (Pradhan Mantri Jan Dhan Yojana) has pulled more people onto the digital platform than ever. The introduction of the Unified Payment Interface or UPI has also introduced a large amount of unbanked population in India into the digital financial services which have further boosted the growth of fintech companies.
Apart from that demonetisation has opened vast opportunities for fintech companies for better service provisions and thereby making customers comfortable within the technologies like AI, blockchain, IOT et cetera.
Reports say that the introduction of such industry 4.0 technologies into the industry gave a jump of nearly a hundred per cent from an earlier $1.8 billion valuation in 2018.
The Future of Fintech Industry in India
The fintech industry in India will continue to conquer greater heights as it has already started to partner with various banks. Using these collaborations and the nuances of consumer behaviour, Fintech companies are all set to further use technology to capitalise on better levels of trust among people.
In 2021 and from then on it is expected that hybrid banking will become more mainstream. The performance of fintech industries in India in the first seven months itself has proved this to be true. In an environment of hybrid banking, more financial institutions that operate offline will take on to virtual banking as well.
There are also various government initiatives that aim at establishing fintech hubs along with an allocation of Rs.15 billion to boost digital payments alone. All these will further strengthen and immunise the industry in the years to come. With the incorporation of newer technologies into the industry, it is expected that by 2025 there will be more than 30 billion connected devices ranging from thermostats to refrigerators to lightbulbs.
The breakthrough advent of cryptocurrency and blockchain technology is also expected to be a game-changer in the industry, especially regarding money transactions, consumer payments et cetera. However, it will be completely dependent on the stand of the Indian government.
FAQ
How many Fintech companies are there in India?
At present there are more than 2,000 fintech companies in India.
When did the FinTech sector rise in India?
In 2015, the Indian fintech sector saw the emergence of numerous fintech startups, incubators, and investments from public and private investors.
How big is the fintech market in India?
The Indian Fintech market is currently valued at $31 billion and is expected to grow to $84 billion by 2025, at a CAGR of 22%.
Every business is an attempt to thrive and grow amidst all the odds that life throws at it. For a passionate entrepreneur, money is only a byproduct that accompanies its value. In the journey of setting up an established business, it is likely that your mind gets distracted by other things like profit margins and competitors. If not you, your employees might feel that way. Hence it is always important and beneficial to have a mission statement for your endeavours. It reflects your firm’s purpose and why did you start it in the first place. It is the mission that unites and inspires people to work and contribute.
While the mission statement reflects the foundation and fuel that drives your company forward, the vision statement explicates the goal that you have set for yourself, the company, and the consumers. Vision statement in fact becomes demonstrative of the future of the company and also a yardstick for others to measure the value that your company will impart.
The vision and mission statement of a company is also a reminder for all the stakeholders working for the development of the firm. All successful entrepreneurs have unanimously said that a simple goal of making more money won’t work in a business. These statements will always help you look back on your own intention even when you cannot see it. It helps the company to remain focused on the important thing and to ensure that it does the right thing always.
Vision and Mission statements have their own nuances considering the fact that both of them serve distinct purposes. An organisation needs to have both of them to be rooted in their goals and to take decisions along its lines.
Mission statements are usually written in the present tense to briefly put across the purpose of the organisation and the objectives it focuses on. This short statement reflects on why you function as a business firm.
It is supposed to give an insight into the organisation’s purpose both to the people within the organisation and also to the people outside it. The shorter the mission statement, the more clear and powerful it becomes.
Vision statements on the other hand focus more on the future of the organisation. It conveys the goals and aspirations that the company seeks to achieve in the future. The major intention of vision statements is to uplift and inspire the people in the organisation. In most cases, the vision of the organisation remains the same even if they change their strategies.
The first thing that you need to do before starting to write your mission statement is to have a clear idea about that one Unique Selling Proposition that enables your organisation to stand out among the rest of your competitors. It should express the unique identity of your firm which makes the customers choose you over your competitors.
Finding your USP or Unique Selling Proposition is one of the most important parts of developing a business strategy. Hence even if it takes a lot of time and effort to put it into shape, make sure that you come out with a quality USP. Mostly the USP of the companies is the goal that they set for themselves and the purpose of their existence.
After deciding on the unique characteristic of your business, implore further on how you aim to execute it.
For example, Tesla’s mission statement goes like this
“To create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles”.
The first half of the sentence clearly reflects what they intend to do or what their purpose is. And the second half denotes how they plan to execute their purpose.
“To organise the world’s information and make it universally accessible and useful”.
Here the purpose and goal of the organisation are intertwined with the ways in which it aims to execute its goals.
The structure of mission statements may vary but the components mentioned above should be clearly conveyed to the reader through the effective use of wordplay.
Vision statements should reflect the future aspirations and goals of the organisation. It is different from a mission statement although there is an overlap with regard to the mentioning of goals of the organisation.
As far as a vision statement is concerned the goal of the organisation occupies the primary position unlike in the case of a mission statement where the purpose is given more importance over the goals. One of the most important things that you should keep in mind while devising your vision statement is that it should be timeless.
The first step is to identify the mission statement and determine the human value in it or try to understand the impact your organisation has on people. A vision statement will be more inspiring when it enumerates the positive impact it has on people or places.
After that, narrow down on the most important value that you see your organisation is imparting. These values can be that of service, excellence, honesty et cetera.
After that combine the mission of your organisation with the values that it imparts so as to inspire the people in a positive manner. The statement should also clearly set the goals and ambitions that the company strives to achieve.
Take the example from the vision statement of Tesla,
“to accelerate the world’s transition to sustainable energy”
They have very cleverly used the word accelerate that creates an impact on the readers. It also shows their passion and their future goal of creating a world that is completely fuelled by sustainable energy.
They have done an excellent job in uniting the mission of the organisation along with the value that it imparts and also the future it envisages.
The vision statement of Amazon is also a very good example of a careful amalgamation of apt words that means exactly what it says. It goes like this
“to be earth’s most customer-centric company, where customers can find and discover anything they might want to buy online”
Any person who is reading their vision statement will clearly understand what their goals and aspirations are.
Conclusion
One of the most important things that you need to remember while making a mission or vision statement is to be precise and clear. It is not the use of complex words or jargon that determine the value of the statements. It is the crystal clear clarity that these statements give to the people in and out of the organisation that serves the purpose.
FAQ
What is the importance of vision statement?
A vision statement is important as it describes the company’s purpose, what the company is striving for, and what it wants to achieve.
What is a good vision statement example?
McDonald’s is a great example of a good vision statement, its vision statement is “To be the best quick service restaurant experience.
Which companies has the best mission statement?
Tesla. “To accelerate the world’s transition to sustainable energy.”, TED. “Spread ideas.”, and LinkedIn. “To connect the world’s professionals to make them more productive and successful.” are few companies which have the best mission statement.
There is no shortage of rich people all around the globe. Every day we hear the list lengthening. Also, every day a new name tops the list. The extravagant lifestyle, the desires of these people never come to an end. Among those, owning expensive things is another of their hobbies. Be it a luxury car, a yacht, a private jet, or an island. They never stop trying to expand their hands on anything that touches their heart. They are simply fond of spending money on things that the world looks up to. Therefore, entering into the world of sports, being the owner of a particular team brings them no less money and fame.
No matter what the world would be going through. Be it a pandemic, a financial crisis, or any sort of stress-laying situation. The domain of sports never stops entertaining people. Therefore, no doubt having a hand in that domain, along with others to compete would bring them a combo pack of fame and money. Lately, our earth is not doing so well. Despite this, entertaining and being entertained never stops. So here’s an eye-widening list of the richest sports team owners of the year, 2021.
Mukesh Ambani, an Indian tops the list among the richest sports team owners. He successfully stepped on the shoulder of Steve Ballmer, former CEO of Microsoft. He plays his moves on the field with the players of the team. While off the field he is the sole controller of Reliance Industries.
His cricket team, the Mumbai Indians are no less successful. He has managed to get his team to the same position in their arena that Mukesh Ambani himself holds outside the field. Taking into account the last recorded brand value, MI holds the highest with a net worth of 809 crores. The team itself has 5 IPL( Indian Premier League) trophies created in its lobby along with 1 runner-up prize. If summed up, it can be concluded that Mukesh Ambani with a net worth of 84.5 billion dollars, has a tight grip on his team and is well-deserving for the top position in this list.
Steve Ballmer – Los Angeles Clippers
Microsoft, the CEO of which, Steve Ballmer comes up second on the list. Owning a set of basketeers who go after the name of Los Angeles Clippers, he has a net worth of 68.7 billion dollars. He didn’t stop at ruling the software world. Rather also took a good hold on the sports industry. Funding his team from the earnings of his company, he also is no less behind Ambani.
Founded in 1970 the team has so far earned two division titles for two consecutive years. With its native arena at Staples center, the team has yet lots to achieve.
Daniel Gilbert – Cleveland Cavaliers
Daniel Gilbert, a very successful business tycoon. And also by far, the most excelled owner in this entire list. Cleveland Cavaliers, a basketball team from Cleveland itself. He provides funds to his team from the company he invested in, Quicken loans. With the pacing success of this company, Daniel also got a boost for himself glorifying his status.
His Cavs, founded in 1970 have 1 champion’s trophy, 5 conference titles, 7 division titles laying in their gallery. Quiet massive achievements to drown Daniel with extraordinary wealth and fame.
With a worth balance of 42.3 billion dollars, Francois Pinault and his family run this football team. With its home ground at Roazhon park, this team holds numerous titles worth admiring. It was founded in 1901. The funds for this team generate from the luxury goods that this family supplies.
Dietrich Mateschitz – Red Bull Racing
The world-famous, Red Bull energy drink.- the one which gives you wings. This billionaire businessman, Dietrich, holds 49% shares of this company. With 26.9 billion dollars accounts, he funds his formula one racing team, the red bull racing. This racing team with 313 entries has already won 70 trophies under its name.
Along with that Dietrich also owns a football team. The New York Red Bulls. Founded in 1994 this team has its arena, the red bull arena in New Jersey.
Robert Pera – Memphis Grizzlies
The Memphis Grizzlies, a team of basketball players from Tennessee. Owned by Robert Pera, this team is funded from wireless networking gear. It’s a worldwide technology company that Robert pera established in 2011. With a net worth of 18.3 billion dollars, Robert Pera is in the 6th position with his team on this list.
Steve Cohen – New York Mets
Next up is a renowned investor from America. Steve Cohen. With a total worth of 16 billion dollars, Cohen owns a baseball team that goes by the name, New York Mets. This major league baseball team is funded by Cohen’s hedge funds. Which gives him almost 97.2% ownership of this team.
Roman Abramovich – Chelsea FC
A politician cum businessman, Roman Abramovich, the owner of an investment company owns the world-famous Chelsea FC. With the profits gained from the investment of steel primarily Roman funds his team with total finance of 14.5 billion dollars. His team founded in 1905 has greatly contributed to his increasing bank balance. With numerous league titles and trophies, this club has also contributed to giving Roman 7th position in this list.
Joseph Tsai – Brooklyn Nets
Sitting on the 8th position in this list is a Taiwan-based businessman Joseph Tsai. He is the co-founder of Alibaba Group. His 11.6 billion dollars worth has pushed him to buy his basketball team. The Brooklyn Nets. Funding his team from the earnings of e-commerce, Tsai and his team have 2 champion’s trophies, 2 conference trophies, and 5 division titles signed to their name.
Philip Anschutz – Los Angeles King & LA Galaxy
At number 10 we have the Los Angeles King, an ice hockey team who has Philip’s hand on their heads. This businessman from America again, with a net worth of 10.1 billion funded from all sorts of industries including real estate, movies, railroads, and energy plants keeps his team running.
In addition to that the LA Galaxy, another soccer team also owned by Philip runs parallel with his ice hockey team. Owning two teams greatly contributes to increasing the revenue of his wealth.
Conclusion
It’s all calculated from the revenues of these billionaires that most of the gains they made were from these means. As stated earlier the investment in these areas comes with the minimum threat. Therefore why sit idle if you can play your card in these areas and end up wealthy? But competition always prevails. Tomorrow maybe this list will be laden with new names with huge net worth. We can only wait and watch how these billionaires use their billions.
FAQs
Who are the wealthiest owners of sports teams worldwide?
Mukesh Ambani
Steve Ballmer
Daniel Gilbert
Francois Pinault and Family
Dietrich Mateschitz
Robert Perra
Steve Cohen
Roman Abramovich
Joseph Tsai
Philip Anschutz
Which sports team owner is the richest?
Mukesh Ambani, the owner of Mumbai Indians tops the list among the richest sports team owners.
Which sports team is owned by Steve Cohen?
Steve Cohen owns baseball team, New York Mets.
Which sports team is owned by Steve Ballmer?
Steve Ballmer owns American professional basketball team “Los Angeles Clippers”.
Shimla is the capital and the largest city of the Indian state of Himachal Pradesh. In 1864, Shimla was declared as the summer capital of British India. It is the principal commercial, cultural and educational centre of the state. Accessible throughout the year from all major cities and town by road, all kinds of services available on the road. Shimla is well known as the Queen of Hills. It is an all time destination for tourists, for lovers of nature and solitude. We have listed few new business ideas in Himachal Pradesh.
Vikash Mushroom Farm | startups in himachal pradesh
Solan city of Himachal Pradesh is the mushroom district of our country. Establishment of Directorate of Mushroom Research in Solan called for opportunities for the locals to try their hands in this indoor farming. In 1990, Vikas Benal started mushroom cultivation alone with 200 bags. Vikas Benal is also known as The Mushroom Man. He tripled his invested money with his first yield only. That’s when his idea got validated and he found a big opportunity in mushrooms business in Shimla. Now, his team has grown to 200 people. His startup is counted among one of the successful startups in Shimla.
They grow different types of mushrooms like button mushrooms, oyster mushrooms and shiitake mushrooms. They sell their products in the nearby domestic markets. Vikas also started supplying spawns (mushrooms seeds) and compost (substrate) to small-scale mushroom farmers. He also runs training programs where he teaches people this art of mushrooms cultivation. The turn over of his self-financed business is roughly around 4-5 crores per annum. This startup is well known for its mushroom farming traits and has immensely educated farmers to grow mushrooms and increase their yield.
Vikas Mushroom Farm- Vikash Benal
Digital Web India
Founder: Mukesh Bhardwaj
Digital Web India | Startups in Himachal Pradesh
Mukesh is 19 year old, is currently pursuing his mechanical engineering from Kangra district of Himachal Pradesh. His life took a turn when he got his first laptop through the H.P govt. scheme for scoring good marks in 10th board. From that day he started exploring the internet world. Out of the many things hacking lured him the most. He learned whatever he could learn from YouTube and Google.
He was advised by someone to start a blog for sharing his hacking knowledge with the world. So he started a blog named MukeshTricks4U. After interacting with many alike he stared a brand blog “itechhacks” where he shared valuable information regarding hacking. Right now he runs a company “Digital web India” along with his team. The core work of his company is to create a website for clients, provide good SEO, logo designing, and digital marketing. He is well recognized as a successful entrepreneur in India with his startup racing towards a great profit.
This young talent was an instant hit with his very first short film “Boys don’t wear nail paint”. This film grabbed him many national and international awards. The basic theme of his movies mostly revolves around Himachal cultures. He picks up some really sensitive topics and with his creativity makes an Excellent amalgam with Pahadi culture.
He went on to make more short films namely “Pashi”, “Papa”, “The infinite space”. Moreover, Pashi got selected in Oscar Qualifying Festival and is India’s finest short film of the year 2018. He is an independent filmmaker and now a producer too. Presently he has started a production company called “Secret Corridor Pictures”. His films are bringing glories for Himachal Pradesh. Siddhart’s Filmmaking techniques are extremely trending in the startup ecosystem.
The Pahari Project
Founder: Lalit Singh
Lalit Singh
Startups in Shimla or anywhere in world are all about innovations. This young guy may not be running a company but he has managed to become a viral hit among youngster through his music. Having more than 2M views on his YouTube mashup videos he has successfully won his audience’s heart. There is no lack of talent in this world but only some creative and experimental minds are able to make a difference. Although that’s the reason for his success.
He sings in different languages, experiments and recreates the magic. He has brought revolution to Pahari songs by reinventing them in a contemporary way. In this time when the youngster is losing touch with their roots, his magnetic notes are attracting them back to old cultural music. This young talent is layering on national as well as international platforms. His YouTube channel has given him wings to fly high in startup ecosphere. This is one of the most unique kind of startup among the startups in Shimla.
When you hear Himachal, two things come immediately to your mind, beautiful hills and apples. Apples are the main agriculture income source for people of upper Himachal region. Due to the lack of the latest knowledge in the field of apple plantation people here mostly do it the traditional way only which is very low produce method.
Vishal Beakta came up with an idea of bridging this gap. He launched a website called ApleTalk where he shared new research, varieties, technique, methods and measure for a profitable business of apple farming in Himachal Pradesh.He is also an editor at LetsGrowApple.
Recently his team launched an app “Apple Talk” which has got more than 1K downloads till now. This app will be your handy manual for all your questions related to apples. It is an impressive way of advancing farming with technology. AppleTalk has successfully boosted the production system by utilizing the right space for the requirement for Apple farming startups in Shimla.
Founders: Dr. Ramesh Sharma and Er. Arvindh Avasti
Vidhya Peth | Startups in Himachal Pradesh
Vidhya Peeth is a leading coaching institute for medical and non-medical students in Shimla. Every year Vidhya Peth breaks its own records by giving the maximum number of qualifying students in medical and non-medical entrance exams. Started with a bunch of students this institute has earned enormous name and fame so far.
There was a time when Shimla’s student had no choice than to go to big cities like Chandigarh and Delhi for quality coaching, but Vidhya Peth has emerged as a reliable alternative. Students from all over the state trust Vidhya peth now. The institute is headed by Dr. Ramesh Sharma (Ph.D. – chemistry) and Er. Arvindh Avasti. With time Vidhya Peth has won many recognition awards from State Govt. and renowned institutes like IITs for their commendable contributions. It is one among the best educational startups in Shimla.
In 2016, Shimla government and the Jail administration came up with an idea of opening a book cafe which will employee prisoners. This cafe is situated near Takka Bech on Ridge – The Mall Shimla. It is run by Yograj and Subhas Chand, two prisoners serving life-term at Kaithu sub-jail of Shimla.
Every morning 135 selected prisoner from different jails across the state are taken to do their daily work for Book cafe. The work includes selling food, baking, taking care of people’s coffee, food, and clean ambiance. Prisoners get everyday wages, which help them to support their family better. This startup, Shimla Book cafe has won many awards for its uniqueness and the noble thought. This Startup has given a new meaning to a prisoner’s life.
Bobby Vela Funeral Van Service
Founder: Sarbjeet Singh
Bobby Vela – Sarbjeet Singh | Entrepreneur in Shimla
Bobby Vela is a very prominent figure of Shimla. With his keen desire to serve humanity, Bobby has managed to help thousands by taking help from the thousands. He started a free Funeral van service which he used to drove himself. Moreover, for past 12 years, he has been organizing blood donation camps and was successful in contributing to 66% of the total Himachal Pradesh’s blood collection.
“People in Shimla call me Vela (someone who does nothing) Bobby. Even my mother does the same! It doesn’t offend me. Instead I am thankful that the almighty made me ‘vela’ so that I could spend my time in the service of humanity”, says the man who has made selfless service the mission of his life.
Later he started a foundation called Almighty Blessings which organize free langar every day in the states biggest hospitals (Indra Gandhi Medical College and Kamla Nehru Hospital). However initially, it was tough for him to manage the expenses so he started this rotti bank, where he asked common people and students to bring 2-3 rottis for the foundation.
With time common people appreciated his efforts and started donating to this noble cause. With the support of people and his keen efforts this foundation is able to feed thousands of needy patients and their attendants ever single day without a break. This well-known startup has yield immense respect all over Himachal Pradesh.
Bobby Vela | List of Companies in Himachal Pradesh
Thakur Bhrata : The Pickle Kings
Thakur Bharata | Startups in Himachal Pradesh
Located at the corner of Lower Bazar, two old brothers run a small shop to sell only pickles. You ask anyone in Shimla whose pickle they eat, and everyone will reply “Thakur Bhrata”. Thankur Bhrata has a wide range of pickle variety ranging from mango, lemon, garlic, red chili, green chili, aloe vera, carrot, and many more. Each pickle has its exclusive and irresistible taste.
They make pickles by a traditional method which was passed on to them by their grandfather. Not only the town is crazy for them but people from outside including tourists after tasting their pickle once can’t resist coming back again. It’s a must try for anyone who visits Lower Bazar.
Myntra IT Solutions
Myntra IT Solutions | IT Companies in Himachal Pradesh
Myntra IT Solutions is IT Company in Shimla. Myntra IT Solutions provides one stop technology solution in the area of Multimedia, Website Designing & Software Development, Customized software solution, Computer Hardware Solutions, Local and Wide area Networking solutions, Web Promotions such as Search Engine Optimization(SEO), Link Building, Web Marketing, Search Engine Submission, Directory Submission, and Article Syndication. Myntra IT Solutions is SEO company/agency in Shimla.
This is our list for successful startups in Himachal Pradesh. This list might help you giving idea of business opportunities in Himachal Pradesh. If you know any other startup in Shimla or you own any business or startup in Himachal Pradesh, please contact us, we will feature the story.
Honey Hut
Honey Hut | Startups in Himachal Pradesh
Honey Hut is located in the middle of the mall road in Shimla. It is this unique cafe which is famous because for it’s honey. You buy anything here if it needs sugar they will give you their special honey instead. Believe it or not, they provide you the best honey you could have ever tasted.
Honey is collected from Leh – Ladakh region where naturally beehives are looked after by the locals. Moreover, they serve you the best honey but they keep it for sale too, so that you can enjoy it at your home as well. However, the owner runs this cafe successfully in Shimla from more than 2 decades along with its branches in Uttarakhand and Kashmir. Honey Hut is regarded as one of the unique startups in Shimla.
Honey Hut runs online store too. Honey Hut is present in Shimla, Rishikesh, Nainital, Chandigarh, Mussoorie, Ramjhula.
Big Spoon FoodTruck
Big Spoon | Food Truck Startup in Shimla
Food trucks are now in fashion. Instead of investing on setting up huge lavish restaurants people are going for food trucks which requires very little investment plus business mobility. Big spoon food Truckis shimla’s first food truck. It runs it’s business near Navbhar successfully from past 3 years. Instant tasty food is a permanent luring for customers. However, their special non-fried rotti rolls are one of their specialty and the most liked food. Big spoon is one of its own kind in Shimla. This startup is first of its kind and famous its USPs.
Himachali Rassoi
Himachali Rasoi | Startups in Himachal Pradesh
Food is an imperative part of any culture. If you want to have a zest of Himachali culture this native restaurant can serve you the whole culture in just one plate. Traditional Himachali foods like Siddu, Kangrai Dham (food of Kangra), Poldhu (Fried Puri), Indre (made up of massur dal) etc. are all available here.
People usually make these dishes occasionally. But they serve common people their favorite dishes without making them wait for any special occasion. Not only the natives but tourists also enjoy these endemic meals. In the market full of Chinese, South Indian, and Continental food this is the only restaurant of its kind is a commendable contribution in making Himachali food reachable to every outsider. Finally, Himachali Rassoi is one of the mouth-watering startups in Shimla.
Leonardo DiCaprio is one of the most well-known actors globally and is sought after by the topmost brands as they want him to become their brand ambassador. Leonardo DiCaprio is a critically acclaimed actor, film producer, and environmentalist. He has established himself as one of the best actors by his movies performances that have to lead him to have a diverse career in the film industry.
Over three decade’s actor has continuously captured audiences through his strong performances in films. DiCaprio first starts out his career as a child in advertisements, moved to small roles in television shows, and then got his big break in the movie known as This Boy’s Life. Leonardo DiCaprio then started playing in unconventional roles and biopics like What’s Eating Gilbert Grape, for which he was nominated as Best Actor in a Supporting Role by Academy and Golden Globe awards.
Titanic which was the highest-grossing film at that time, catapulted him into the international limelight. His other critically acclaimed performances are in movies such as Romeo + Juliet, Catch Me If You Can, Gangs of New York, The Aviator, Blood Diamond, Django Unchained, The Wolf of Wall Street, The Revenant, Once Upon a Time in Hollywood, etc.
Leonardo DiCaprio has won multiple awards and accolades such as the Academy Awards, BAFTA, Screens Actors Guild Award, and 3 Golden Globe awards. So far, his career, the actor has a record of 10 nominations in the Golden Globes and 5 nominations for the Academy Award. He was also given the privilege of being the Ordre des Arts et des Lettres commander for his contributions to the film industry in 2005.
Besides his acting career, he is also an environmentalist and so started his own organization known as Leonardo DiCaprio Foundation to help protect vulnerable species, ocean, climate change, and wildland. He has also supported charitable causes and launched a production company in order to create films and documentaries about environmental themes. In 2017, he was designated as the UN Peacekeeper to help combat climate change.
In 2016, Leonardo DiCaprio was ranked number one in Time’s list of the 100 most influential people in the world. As of 2019, his films have grossed over $7.2 billion, while DiCaprio has been called the world’s highest-paid actor eight times. The net worth of the actor is estimated to be $260 million as of 2021. He is also known to charge $5 million to appear in a TV advertising campaign. Some of the brands endorsed by Leonardo Dicaprio are Tag Heuer, BYD, OPPO, Jim Beam
Tag Heuer is a well-known Swiss luxury watchmaker that manufactures and markets watches and other fashion accessories. The brand is also known for its wide range of collections in eyewear and mobile phones that are manufactured by other companies with licenses. Tag Heuer was initially founded in 1860 by Edouard Heuer in Switzerland. The company was acquired by LVMH, which is a luxury good conglomerate.
Leonardo DiCaprio was signed as the brand ambassador of Tag Heuer in 2009. An undisclosed amount was paid to the actor, out of which a portion was donated to support a major environmental organization.
The actor is a part of the ad campaign called “What Are You Made Of” which also includes Uma Thurman and Tiger Woods. According to the company’s statement, the Oscar-winning actor perfectly embodies the call to action with his exceptional talent and commitment to social and environmental issues.
BYD is one of the largest new energy vehicle manufacturers in the world and an automotive subsidiary of BYD Corporation Ltd. The company has its headquarters in Shaanxi Province and is known for a wide range of cars, busses, trucks, electric bicycles, fork lifters.
BYD also manufactures vehicles in the categories of electric, plug-in hybrid, and petrol engines. In 2021, the company won a contract for 406 electric buses to Bogota, Columbia.
BYD is also known for its “Cool the Earth by 1°C” campaign, which aims for the creation of a “Zero Emissions Energy Ecosystem.” In 2016, Leonardo DiCaprio was signed as the brand ambassador of BYD’s line of new energy vehicles. The aim of the ad campaign with the actor was to highlight the new developments and new line of vehicles in its home country China. Commenting on the association, DiCaprio said that, he was pleased to be joining an effort that will increase the number of clean vehicles in China.
Oppo is one of the top smartphone manufacturers in the world. The consumer electronics and mobile communications multinational company is headquartered in Guangdong, China. Besides smartphones, Oppo is known for its products such as smart devices, audio devices, power banks, Bluray devices, and other electronic products. The company products are available in over 40 countries, while its phone is sold at 200,000 retail outlets.
In 2011, Oppo signed Leonardo DiCaprio for an estimated price of $5 million, the actor has been featured in some ad commercials while promoting the company’s smartphones. The marketing campaign called Find me is said to inspire by the actor’s Inception movie. The said campaign revolves around Leonardo DiCaprio tracking down a mysterious lady of his dreams in Paris, using the smartphone by Oppo.
Jim Beam
Jim Beam is one of the top-selling bourbon whisky in the world. The company was initially founded by Beam Suntory in 1975 and currently has its headquarters in Clermont, Kentucky. Jim Beam is a family business as it is headed by the seven generations down the line. Jim beam was earlier owned by the Fortune Brands Company and then acquired by Suntory Holdings in 2014.
The iconic whisky brand signed Leonardo DiCaprio as its brand ambassador in 2013. The 40-sec ad campaign that features the actor, shows him molding ice into a ball before snapping his fingers, which breaks the ball magically into crushed ice. Leonardo DiCaprio then looks at the camera holding the bottle of Jim Beam’s white-label, and says, “Cool Bourbon. Jim Beam”. This was an Asia-only TV commercial, as the brand aimed on promoting bourbon in countries where brown spirits are gaining momentum.
Conclusion
Besides being one of the best actors in his generation and contributing so much to the film industry, the actor is also a passionate environmentalist. The actor has been a role model to many people, as he contributed so much to the film industry and won multiple prestigious awards. Over the years, the actor has worked hard in bringing worldwide attention to his concern for global warming and endangered animals. This is why many brands want him as their brand ambassadors.
FAQ
Who is Leonardo DiCaprio?
Leonardo DiCaprio is a critically acclaimed actor, film producer and environmentalist.
What is the net worth of Leonardo DiCaprio?
The net worth of the actor is estimated to be $260 million as of 2021.
What does Leonardo DiCaprio charge for brand endorsements deals?
Leonardo DiCaprio known to charge $5 million to appear in a TV advertising campaign.
What is the brand endorsed by Leonardo DiCaprio?
Some of the brands endorsed by Leonardo DiCaprio are Tag Heuer, BYD, OPPO, Jim Beam.
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 Honeywell.
Destiny is what the company makes by itself. Honeywell believes themselves to be the shapers of the future and their plans can change the entire world. Transforming the way of working and solving business-related problems are the company’s toughest challenges.
Honeywell is an American publicly traded conglomerate company. It has got 4 areas of business. Those are Aerospace, Building Technologies, Safety & Productivity Solutions and Performance Materials & Technologies. The company has got a workforce of more than 110,000 workers. Read the Honeywell Success Story below to know more.
Honeywell is a Fortune 100 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety, security and energy. With approximately a total of 110,000 employees worldwide that includes more than 19,000 engineers and scientists, the company is completely focused on quality, delivery, value, and technology in everything.
Honeywell was acquired by AlliedSignal in 1999. The company chose the name, Honeywell because of its considerable brand recognition. This company was also a Dow Jones Industrial Average index component from 1999 to 2008. It provides various products and services for aircraft and vehicles. The company also offers aircraft engines and service solutions. It helps the owner of the homes to stay connected.
Honeywell is also engaged in manufacturing and developing materials. These all-to-do things are the parts of various categories of the company.
Honeywell – History
The official beginning of the company was considered in 1885 with the invention of furnace regulator and alarm. Later, the company was founded in 1906. It was founded by Mark C. Honeywell. He was the first president of the company. William and his son Harold Swett were the first and second chairman of the company. Thermostat heating control was their first business venture. Also in the 1950s, the company developed the Automatic Master Sequence Selector. It was an automatic control system for airplanes, which reduces pilots’ workload. It’s also into the computing business since the 1960s.
Key Dates
1885 – Invention of the furnace regulator
1906 – Honeywell Heating Speciality Co. formed
1920 – Allied Chemical & Dye Corporation formed
1927 – Heating companies merge
1969 – Moon mission support
1999 – AlliedSignal acquires Honeywell
2005-2016 – Two decades of acquisitions
2018 – Home and Transportation System become new companies
2019 – Honeywell Forge launched & headquarters move to Charlotte
Honeywell – Founder And Team
Mark C. Honeywell | Founder of Honeywell
Mark C. Honeywell, the founder of Honeywell was born on 29th December 1874 in Wabash, Indiana, the United States and spent his childhood there itself. He took his last breath on 13th September 1964 in Indianapolis, Indiana, United States and was an American electronics industrialist. When he was young, he did various jobs like working in the bicycle business, citrus and also in his father’s Wabash mill. He completed his education from Eastman Business College.
Darius Adamczyk | CEO of Honeywell
Honeywell – Tagline and Logo
The tagline of the company is – “The Power Of Connected”, which emphasizes Honeywell’s distinctive approach towardsconnecting with people. The power to connect, inspire change and build trust.
Honeywell Logo
Honeywell – Business Model
The company has got the following business model –
The company generates revenue by the 3 following segments mentioned below –
It is especially driven through sales.
Aerospacesales, PerformanceMaterials&Technologiessales and Automation& Control Solutions Sales
Aerospace sales – Here revenue is derived from the sale of original equipment.
Performance Materials & Technologies sales – Revenue is derived from the division of process solutions. It is the sale of oil products and advanced materials.
Automation & Control Solutions Sales – Revenue is derived from energy sales, security and safety products, distribution services and also from building solutions.
Honeywell – Funding and Investors
Honeywell has raised a total of $11.4M in funding over 1 round. This was a Grant round raised on Oct 27, 2009.
Date
Transaction Name
Money Raised
October 27, 2009
Grant
$11.4 million
It is funded by the US Department of Energy.
Honeywell – Growth
The company achieved margin expansion of more than 140 basis points and a share of $2.21 in the 1st quarter of 2020, up to 15% with operating profit growth of 3% and segment property growth of 2%. EPS growth was 15%. It generated $0.9 billion of operating cash and $0.8 billion of free cash. This strengthened their balance sheet.
The top competitors of the company are Garmin,General Electric,3M,JohnsonControls & Siemens.
Garmin is one of the top competitors of Honeywell. It was founded in the year 1989 and is headquartered in Olathe, Kansas. It operates in the Electronics industry. The company generates less revenue than Honeywell.
General Electric is a high-tech industrial company engaged in energy, healthcare and transportation.
3M is also the competitor of Honeywell. It was founded in the year 1902 and is headquartered in Saint Paul, Minnesota. This company works in the Retail Distributors industry. 3M also generates less revenue than Honeywell.
Johnson Controls is also among the top competitor of Honeywell. It was founded in the year 1885 and is headquartered in Milwaukee, WI. This company is almost similar to Honeywell. Likewise, it also operates in the Industrial Machinery and Equipment Industry. It has got fewer employees than Honeywell.
Siemens is a global technology company focusing on the areas of electrification, automation and digitalization.
The company wants an expansion of the segment profit margin to 50%. The goal of the company is to provide its consumers with a diverse range of technical solutions and industrial products across the automotive, petrochemicals, and commercial industries, and aerospace.
Honeywell has evolved throughout the years and reinforced its services harnessing the technologies of the age. The company, which has utilized the 90s to maneuver into the digital world, and has already been fueled by AI and quantum computing since 2010, is now looking to successfully wield autonomous systems.
According to the words of Ashish Gaikwad, Managing Director, Honeywell Automation India Ltd:
“This new decade is going to be all about autonomous systems.”
Gaikwad further mentioned that Honeywell is not just meaning to work on driverless cars but will be going beyond that to innovate the concepts, technology, and machinery that would help in preventing road accidents, making transportation accessible for all!
Honeywell provides various products and services for aircraft, buildings, cybersecurity, industrial and workers. The company also offers aircraft engines and service solutions. Furthermore, they provide a wide range of services, ranging from remote technical support to product repair to help keep their customers moving forward.
What products does Honeywell make?
Honeywell makes a wide array of products such as Fans, Heaters, Thermostats, Ceiling Fans, Air Coolers, Air Conditioners, Humidifiers and Air Purifiers.
What is Honeywell known for?
Honeywell International Inc. is a diversified manufacturing and technology company that operates through four business segments: aerospace, building technologies, performance materials & technologies and safety & productivity solutions.
What makes Honeywell unique?
Honeywell is a well-diversified company. It operates in the aerospace, automation and controls, materials and chemicals and transportation sectors.
What does Honeywell PMT do?
Honeywell Performance Materials and Technologies helps to improve productivity with high-quality and consistent chemicals.
What is Honeywell Forge?
Honeywell Forge is Enterprise Performance Management Software-as-a-Service, purpose-built on a native edge-to-cloud, data-driven architecture to accelerate digital transformation by:
Providing apps that deliver value in days
Delivering a system of record that is always up-to-date
Future-proofing investments via extensible applications
Avoiding the rip-and-replace approach to extensive capital projects.
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 GrabOn.
The number of online shoppers in India is on a rise. As per a study conducted by Boston Consulting Group, there were 90 million online shoppers in India in 2017, and the numbers are increasing. The convenience of shopping from the comfort of one’s home, availability of a wide range of choices, and incurring lesser cost when compared to offline shopping are some of the major reasons why many prefer to shop online. Besides, the emergence of affiliate marketing companies offering attractive coupons and discounts on online shopping has made online shopping even more preferable. GrabOn is a startup that is helping more and more Indians fall in love with online shopping with all the irresistible offers and deals that it brings for various sites and brands.
GrabOn is helping Indians save big on online shopping. GrabOn provides the user with the latest deals, offers, coupons, and discounts across categories like Fashion, Food, Travel, Recharge, Entertainment, and more. They have now ventured into the e-Gift Cards space, providing discounted Gift Cards from top merchants like Amazon, Myntra, BookMyShow, Shoppers Stop, MakeMyTrip, PVR and more.
The end product delivery model is via digital dissemination of information, for e.g., providing information onscreen upon clicking, to access the same on website and mobile web, through emails, & SMS; and via physical dissemination of the same in a few use cases, e.g., paper coupons and gift cards directly to consumers.
GrabOn’s user-focused interface and non-intrusive coupon browsing experience combined with innovative and rich tech stack are designed based on customer feedback and consumer insights that they gather carefully.
Every time a shopper purchases a product/service online, orders food, or hails a cab, they look for savings. With GrabOn’s coupons, people can access deals with ease and security. Besides, with GrabOn’s Gift Cards platform, users are enabled to save on online gifting by availing various ongoing offers and exclusive deals. GrabOn offers its users the best and the latest coupon/promo codes, deals, offers, and gift cards. These coupons are genuine and are validated frequently by their team of in-house experts. GrabOn has been able to provide consistent, authentic services even on Gift Cards, owing to their position as industry leaders and due to its strategic alliances & relations with top clients. These coupons/deals can be redeemed, and Gift Cards can be purchased by visiting the website or directly through the mobile app.
Ashok Reddy is responsible for organizing, coordinating, and overseeing the company strategy in terms of business decisions, partnerships, and more. He is an alumnus (M.B.A., PGPMAX) of Indian School of Business, Hyderabad, and pursued executive MBA from Harvard Business School. Before founding GrabOn, he served as the president & co-founder of Sellers Commerce and Landmark IT Solutions. He served as the Chief Technology Officer position at SmartTouch Interactive and as the Vice President, Information Technology at IncentOne. Prior to that, he worked as a project manager at Infosys Technologies Ltd.
GrabOn Team
GrabOn’s current employee strength is 50. GrabOn boasts of a cool office space designed to bring out the best in its employees.
The team at GrabOn believes that a person can give his or her best when they are in a relaxed state of mind. And their cool office space bears testimony to this fact. Their workspace is the very definition of ”style means substance”. Elegant yet practical, GrabOn’s floor is divided into various zones which serve different purposes. There is an ‘Ideal Zone” where one can relax and engage in conversation with one’s own mind to produce exemplary and creative ideas – says Ashok
As the leader, Ashok believes in investing time in building and nurturing the company culture by engaging with the employees and helping them grow professionally while contributing to the overall growth of the organization.
GrabOn’s hiring structure is designed in a way that it selects not only the best talent but the right fit of candidates who share and believe in the company’s vision of helping India save on everything.
Grabon Coupons
GrabOn – How was it started?
While Ashok reddy was in the US working at the managerial position across several MNCs and Fortune 500 companies, he came across the multi-billion-dollar coupons industry. Such an encounter fascinated him and simultaneously realized the potential of the same industry in India. He, therefore, returned with the motive of setting up a coupons & deals company that will make online shopping affordable and comfortable. While most of the existing coupon websites would roll with a cookie-cutter version of a website, GrabOn dared to go with a platform that emphasized more on user experience and less on coupon listing. Within months of launch, the company registered huge footfall with visitors actively using GrabOn to redeem coupons and activate deals.
I have been blessed with a team of hardworking and passionate individuals who gathered actionable insights and data points based on months of extensive market evaluation, competitive research, and assessment of risks and growth possibilities – Ashok says speaking of GrabOn’s product validation stage
Once they gathered all the required information, the GrabOn team started working on designing the service, perfecting their business model, and simultaneously prepared their pitch deck and started networking with the right individuals and organizations. They started small and bootstrapped their way to the top of the industry.
The initial people who were a part of the discussion process during the early days of GrabOn were merchants mostly from the SME background, who supported a user-focused approach adopted by GrabOn.
The company’s growth has been possible because of our user-first approach, whether it is our offerings or the technology that we implement. The people with whom we initially discussed about GrabOn realized the potential of what we had and kept on pushing us till we had a huge traffic footfall and returning visitors, which in turn helped us become the #1 player in the industry
After a lot of deliberation, the GrabOn team finally zeroed in on GrabOn- signifying grabbing onto the right deal/coupon. The brand caters not only to the coupon users but also deal-seekers. However, unlike many of its competitors, the brand name does not include the word ‘coupon’.
GrabOn Logo
GrabOn’s tagline ‘Save on Everything’, is representative of the things the company wants to do i.e., help users save on anything and everything by availing the best deals, offers, and discounts.
GrabOn’s USP is its customer-centric approach, which translates into offering only up-to-date and verified coupons & deals helping its customers make a decisive choice. This, along with their completely ad-free, non-intrusive UI/UX and strategic alliances with top players from different verticals, is what makes it India’s most trusted savings destination.
GrabOn – Target Market
The industry that GrabOn operates in broadly includes coupons and deals, affiliate marketing, e-commerce, and online shopping. Their primary target market is basically the e-commerce segment in India, with a market cap of about USD 40 billion with a 30% Year-Over-Year growth. While the e-commerce market continues to grow, the competition between major brands will increase as they fight over gaining consumer share. With internet penetration happening across tier-3 and tier-4 cities, new consumer sectors will open up, providing an opportunity to smaller, niche brands to grow their local audience further through e-commerce. Affiliate Marketing has been one of the sectors providing the highest ROI to the e-commerce sector. In future, the collaboration between e-commerce companies and the affiliate marketing industry is only to grow further.
GrabOn – Business Model and Revenue Model
GrabOn operates on the B2C model. Their Business and Revenue model are based on coupon redemption, affiliate/performance marketing, direct partnerships with merchants, brand marketing services via their website, and Gift Cards sale. It is based on a cost-per-sale model generating revenue through end-user sale.
It generally works on Strategic business model by listing all the Top online brands/business in its platform. With a network of over 2000 Clients, some of the top clients of the company are:
GrabOn is running profitably for the last 4.5 years. The Grabon revenue is speculated to be around 4 million, $4.88 million to be precise, as recorded on December 31, 2019. GrabOn’s market share in India’s deal and coupons industry is 70-80%. The brand boasts of having 40 million subscribers, as of April 2020 and receives around 25 million page views.
Revenue model is based on coupon redemption, affiliate/performance marketing, direct partnerships with merchants, brand marketing services via their website, and Gift Cards sale. It is based on a cost-per-sale model generating revenue through end-user sale.
GrabOn – User Acquisition
GrabOn launched its services with an awareness that there is an existing gap in the industry concerning the coupon service provider. Hence, through individual referrals about the authentic deals available on GrabOn, its customers had naturally increased. The excellent user interface and state of the art coupon browsing experience have further promoted customer satisfaction and customer base expansion.
Post-launch GrabOn rolled out the Buzz Notification feature, which alerts users with the latest coupons, hottest offers, ongoing sale events, and limited-time exclusive deals. They were the first in the country to partner with Uber’s hot air balloon initiative during Diwali 2015. GrabOn’s partnership with ACT Fibernet has allowed them to expand their services across India by leveraging ACT Fibernet’s country-wide network. Their subsequent tie-ups with Paytm and Mobikwik have also proved fruitful.
Grabon coupons user
GrabOn – Startup Challenges
One of the major challenges faced was providing a seamless coupon browsing experience to the user.
While most of the existing companies ran their website on a cookie-cutter script, we started designing our website from scratch with a customer-first mindset. Our non-intrusive design and lack of irritating pop-ups were rewarded by the customers.
GrabOn team strives to keep the platform updated, keeping in tune with user requirements. GrabOn launched the industry-first Buzz Notification feature, which was one of the experiments that worked out really well in company’s favor. After that, they kept on experimenting, and the latest one is in-app Coupon and Cab Finder, which helps the user find coupons for food, entertainment, recharge, and cab-hailing directly from our GrabOn app without switching between apps.
GrabOn – Awards and Achievements
Recognized as a trailblazing startup within months of launch, by CNBC, YourStory, Business Standard, Inc42 and more.
GrabOn’s efforts were recognized by IBM during the Startup Star award in 2016.
GrabOn’s website won the ‘Best Design’ award at the HYSEA Annual Awards 2016.
Winner of Future Group’s Retail Startup Awards, 2017
Winner of the Entrepreneur of the year (IT, Internet & Telecommunication) Industry Award from Asia Pacific Entrepreneurship Awards in 2018.
Ranked 266th among 1000 High-Growth Companies in the Asia Pacific region, 2018 in a survey conducted by the Financial Times in association with Statista.
Winner of Tech Companies to watch out for at BW Business world #TechTors, 2018.
Winner of the High Growth Startup Award, at TiE-ISB Connect 2017.
Some of GrabOn’s biggest achievements so far include –
It introduced industry’s first Buzz Notification feature which alerted the users about the latest coupons, hottest deals, ongoing sales, etc.
GrabOn Savings App launched with innovative features such as Coupon and Cab Finder
Collaborations with successful movies viz. Bareilly Ki Barfi, Half Girlfriend, Naam Shabana, and more.
Onboarded top players across several verticals like Truecaller, PhonePe, PayPal, NPCI, IndusInd Bank, ICICI Bank, SpiceJet, TruJet.
Launched GrabOn Gift Cards and sold over a million e-Gift Cards since the operation started.
GarbOn has helped over 3000+ brands in the past 6 years. It has become the #1 player in the coupons and deals industry and retained the position organically. Their strength lies in understanding the user behavior and presenting the most refined shopping deals, right when they need it. Every aspect of its business is centered around the audience. The trust of its merchant partners follows automatically as they have been able to provide them with the highest ROI year on year. Its Loyalty Engagement Partners are Vodafone, ACT Fibernet, Spiceject, Idea, Jio, Saavn, trujet, ICICI bank, IndusInd Bank, DBS, Apollo, Truecaller, MI and others. GrabOn also boasts of a robust client base, with clients like, Paytm, Amazon, Uber, Mobikwik, Foodpanda, OYO, Ola, GoDaddy, BigBasket, Flipkart, Dominos, PhonePe.
The company currently has plans to introduce a 1-2 year subscription-based loyalty program. GrabOn’s vision is to grow from coupons and deals market leaders to one of the top 10 digital transactions companies in India by 2020. With over 25 million page views per month and more than 40 million subscribers, GrabOn is right up there with the e-Commerce giants. The foray into Gift Cards space has already started to bring in some significant traction with more than million e-Gift Cards already sold and counting.
GrabOn – FAQs
What is GrabOn?
GrabOn provides the user with the latest deals, offers, coupons, and discounts across categories like Fashion, Food, Travel, Recharge, Entertainment, and more
How much is the Revenue of GrabOn?
GrabOn is running profitably for the last 4.5 years. The company’s revenue is around $4.8 million (FY19). With a userbase of 40 million subscribers, GrabOn’s market share in India’s deal and coupons industry is 70-80%.
Who is the Founder of GrabOn?
Ashok Reddy is the Founder and CEO of GrabOn.
How does GrabOn make money?
GrabOn’s revenue model is based on coupon redemption, affiliate/performance marketing, direct partnerships with merchants, brand marketing services via their website, and Gift Cards sale. It is based on a cost-per-sale model generating revenue through end-user sale.
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 Kilowott.
By realigning some of its verticals – Creometric, Kodework, Fat Hamster Studio, and Nine Stack. Pooling its strength into one, Kilowott is now a design and technology powerhouse that offers digital transformation services, innovative solutions to digital challenges, and best-in-class user experience design to craft enduring customer experiences.
Kilowott is headquartered in Goa and operational across three continents. The company has already clocked more than 2000 projects all over the world and works with various Fortune 500 companies, governments, international agencies and has a strong association with the Norwegian Diplomatic Mission in India.
StartupTalky interviewed Mr. Aaron Fernandez, Co-founder of Kilowott to get insights into the Startup Journey and Growth Story of Kilowott. Know all about Kilowott’s business model, how Kilowott started, its future plans, founders, competitors and more in the article ahead.
Kilowott offers consultancy and strategic support in customer journey mapping, customer experience process assessment and surveys, consulting, assessment, roadmap ideation and modeling with use cases, brand positioning and go-to-market strategies, brand identity development, concept design, and prototyping. All strategies are customized as per real data analytics and right down to the minutest detail generated through innovative coding.
Kilowott’s vision is to blend digital and design seamlessly to craft enduring digital user experiences that have a direct impact on customers’ business outcomes. The company is led by the core philosophy of the founders, ‘to offer cutting-edge digital solutions in a global marketplace to enhance digital customer experience.”
Kilowott – IT Industry Details
India is already an IT powerhouse and there is a robust presence of skilled professionals, innovators, and access to the most advanced technologies in the world. The startup ecosystem has not lost momentum even after the pandemic outbreak, and it is going to evolve rapidly in the new normal. Even during pandemic times, a large number of new startups have come up and many of them also joined the unicorn club. The startups will contribute significantly to help India achieve the goal of becoming a $5 trillion economy in the years ahead.
Spearheaded by a strong leadership team, Kilowott is poised to achieve its goal of being a global tech powerhouse while being rooted in Goan soil. The team is keen on transforming ‘Kilowott’ into a 500+ employee company, something the company’s COO Nitish Raikar, formerly associated with Infosys and IBM, is helping us inch towards.
Reminiscing the start journey of Kilowott, Aaron Fernandez (Co-founder of Kilowott) says –
“I found my first fortune in the Indian coastal state, Goa’s most popular stretch of sand. And a sense of purpose too. In 2002, I was on a summer break after completing my final year at high school and grabbed an offer from my father’s friend to distribute flyers along Goa’s gold coast – the Sinquerim-Baga beach stretch – to promote a restaurant. My first brush with entrepreneurship earned me 13 USD a week, good money for someone just out of high school. I roped in a friend into the venture because the beach stretch was a long one and I could do it with help. While the entrepreneur in me was still coming to the fore, back then, the word ‘company’ meant companionship and not a business enterprise; many of which I would come to start years later”
End of college and the salad days brought along new opportunities with the potential to broaden Aaron’s professional horizon. Let’s dive into the next chapter! Aaron continues –
“I moved to Norway to work as a graphic designer, a new country, with new ways. I adapted to the new environment. Some years later, the media company I was employed with at the time, as part of my day job, had a large requirement of design and development chores. I stepped in and pitched them design services by outsourcing them from India, which was already a world-renowned BPO market. The media company agreed and became my first client. What followed was one of the most successful startup stories Goa has witnessed
We started with KodeWork, a website development firm that was born out of India’s city of dreams, Mumbai in 2014. Despite being a metropolitan city, establishing a dedicated team in Mumbai turned out to be a challenge due to several reasons. We then decided to move the entire team to Goa in 2015 and started afresh. It took a while to even out the transcontinental chinks. Work cultures in India and Norway were different, so were expectations in terms of quality and meeting deadlines. But over time, things fell in place.
In late 2020 the various companies established by me with my siblings Judah and Caleb were consolidated and brought under a single banner – Kilowott. The company today has partner deals in Norway, Holland, India, France, Switzerland, and the US.
The company creates customized digital interfaces and operational solutions by using design elements like CX, AR, and VR as well as the latest technologies like analytics, AI, IoT, and others to ensure customers’ business growth and profitability.
Kilowott uses an amalgamation of cutting-edge technologies and innovative approaches to offer consulting and strategy services in customer journey mapping, customer experience process assessment and surveys consulting, assessment, roadmap ideation and modeling with use cases, brand positioning, and go-to-market strategy, brand identity development, and concept design and prototyping.
The desired outcome is achieved on the basis of real data analysis, down to the minutest details which are extracted through innovative coding. It helps the customers enjoy desired marketing, revenue generation, and profitability success. Kilowott’s USP lies in its consolidation of different services to create one single platform where the clients can get a diversity of services. Our impeccable insights generated through an in-depth understanding of core markets give us an advantage over various other generalists.
Pivot from Initial Offering –
Aaron’s time spent in Norway paved the path for his entrepreneurial journey. Their first major website development firm was ‘Kodework’. He and his brothers Judah and Caleb relocated the company to Goa in 2015 and started operations from scratch from a 700 sq. mts office space in Porvorim. Their clients grew organically across Europe.
As the client-base spread across continents, the brothers started a clutch of other IT firms like ‘Nine Stack’, an app development agency, ‘Creometric’, a digital marketing agency, ‘Bootcamp’ a mentoring and training firm, ‘Fat Hamster Studio’ an animation and virtual reality studio, etc., as well as Nordic Hub India, a start-up accelerator, in 2018.
In 2020, the world changed and we decided to realign some of our verticals into a single entity – ‘Kilowott’.
Their core philosophy, however, stays the same – to offer cutting-edge digital solutions in a global marketplace to enhance the digital customer experience.
Post-2020, they pivoted the business strategy to focus outward, servicing clients outside of the country, mainly across Europe, Scandinavia, and the US. The operations continue to be rooted in India where Kilowott employs some of the best creative and tech talent.
The media company, Aaron was employed within Norway, as part of his day job, had a large requirement of design and development chores. He stepped in and pitched them design services by outsourcing them from India, which was already a world-renowned BPO market. The plan worked. And thus, began the journey. He swiftly kept adding clients to its portfolio as his brothers Judah & Caleb joined in.
Once Kilowott started getting regular business, the team realized that scaling up now becomes imperative and for this, they had to address major challenges. They realized that clients have to scout for various agencies to get different solutions. Thus, Aaron, Judah & Caleb decided to bring everything together for them and that worked. They addressed the pain points for most of the clients.
Kilowott – Founders and Team
Kilowott is co-founded by the three Fernandez brothers – Aaron, Judah, and Caleb Fernandez.
(R-L) Aaron, Judah and Caleb Fernandez – Kilowott Co-founders
Aaron, the eldest of the brothers looks into the overall strategy and direction of the company. Judah spearheads business development and talent acquisition while ensuring quality control and timely delivery systems. The youngest brother Caleb is a commerce graduate who takes care of the company’s backend operations such as administration, finance, taxation, legal, and compliance.
“Thanks to my brothers Judah and Caleb, the office space and office culture are far removed from a ‘cut and dry’ atmosphere” Aaron added.
The company’s office in Porvorim reflects that spirit. Caleb was involved in every aspect of setting up the office space, right from drawing up the blueprints to picking furniture and designing every corner of the office space. It is spread over 700 square meters and is beautifully designed.
When it comes to the motivated workforce at Kilowott, appearances matter little in terms of the delivery of targets. The company has a great team of 150+ employees and a fantastic leadership team who love what they do. Some quotient of informality was already brought in by their early crew members, who had walked in with dreadlocks and shorts. The work culture at Kilowott is fun and celebrations have been epic.
Since the pandemic hit, the company has adopted a Work-From-Home model. It’s a challenge to keep the work culture alive while adopting this model but the team has found their own ways. From virtual fun team sessions, festive celebrations, coffee meet-ups, and contests, they keep the fun element alive!
Meaning of Kilowott & Logo
The company was named Kilowott as it is inspired by “kilowatt – which denotes a unit of energy” and the team believes very much that the energy one brings to work is very critical. If a person is pumped and motivated he can always do wonders even with the smallest of details or resources. The logo also denotes the same, the power icon.
Kilowott Logo
Kilowott – Business Model and Revenue Model
The business model of Kilowott is simple. It is entirely a tech service company and offers cutting-edge tech services to clients across verticals. The startup charges a fee from its clients for services and collaboration.
Aaron had been working in Norway for a number of years, and when he launched his startup in India, the transcontinental differences had to be dealt with. The work culture and approach in India are very different from Norway, and there were challenges in terms of quality and timelines.
He started off by hiring freelancers from various locations – Israel, Ukraine, Vietnam, Poland, and India. What the team noticed is that the communication with resources from countries other than India as well as deliverables was a constant challenge. They then moved to work largely with Indian resources on technical aspects. However, things have since fallen in place.
“Opportunities have been plenty. We are blessed to have a great team of 150+ employees and a fantastic leadership team who love what they do and we are proud to have them all be a part of this Kilowott journey” says Aaron.
Real-life Example on How Kilowott Helps Clients
This is just one of the many examples of how the Kilowott team used market insights, client preferences, business objectives, creativity, and cutting-edge technologies to ensure that its clients stay ahead of the competition.
One of the clients was the ‘Wendell Rodricks’ brand, a renowned fashion label from India. The fashion designer label wanted to expand their global digital reach and improve online presence with youth as a target segment. Wendel Rodricks has been an icon, pioneer, and visionary in many ways. Hailing from Goa, he was deeply connected to the culture of the state. Aaron continued – “The world lost a wonderful human being with his (Wendel Rodricks) passing away a while ago. We are deeply grateful to be able to have worked closely with him and his team.”
In order to build the desired online presence for the client, the design and creation of a custom-made website were undertaken in collaboration with Kodework, the web development agency the team had at the time. In 2020, they realigned some of the verticals including Kodework into a single entity – Kilowott. Subsequently, a website with press articles, blog posts, and information about the client’s latest collections was launched. It also had a fully functional E-shop integrated into it. In essence, a feature-rich website offering a blend of a museum and a boutique was created for online visitors.
The brand awareness was boosted by digital campaigns to connect with luxury and slow fashion enthusiasts. Social media marketing, brand positioning, and ad campaigns were used to drive traffic to the website. While designing the website and creating social media strategies, it was felt that the client’s social media presence was not strong and impactful enough. Thus, alongside generating the traffic for the website, a holistic revamp of the existing social media pages of the client was carried out. The content’s aesthetic appeal was beautified to match the impact that matched the brand’s work. A combination of grids and minimalistic color palettes was deployed to transform the ‘brand’s look on Instagram.
Kilowott – Growth and Current Status
“There is a significant uptick in the quantum of interest in brands wanting to expand their digital presence across geographies. We saw an opportunity and have realigned our strategy to meet the needs of the global business community” says Aaron Fernandez, Co-founder, Kilowott.
The company has realigned some of its verticals – Creometric, Kodework, Fat Hamster Studio, and Nine Stack. Pooling its strength into one, Kilowott is now a design and technology powerhouse that offers digital transformation services, innovative solutions to digital challenges, and best-in-class user experience design to craft enduring customer experiences. Kilowott claims to have done more than 2,000 projects globally. Some of its prominent clients include Craft, Bosch, Mazda, Netflix, and Nickelodeon to name a few. Today Kilowott has a 150+ employee workforce. In the near future, it aims to grow to a 500+ workforce and the leadership team is aiding Kilowott to inch towards that target
The bootstrapped startup initially worked on a freelance model. Over the years since the Fernandez brothers set up this company, they have largely invested in themselves. In 2014, when they took on projects from clients based in Europe, it started off by being based in Oslo, Norway working with freelancers from Israel, Ukraine, Vietnam, Poland, and India. What they noticed is that communication with resources from India as well as deliverables was far better with professionals based in India.
“Moreover, we are from Goa so we wanted to set up our headquarters in the sunny state. When we moved to Goa we made a transition from the freelance model to hiring a small team working full-time out of a rented apartment” Aaron added.
Steadily business and revenues grew. Down the line, the team decided to take a loan to be able to scale up and build a team in-house. At every stage, they have reinvested the profits into the company. Today Kilowott has a 150+ employee workforce. In the near future, it aims to grow to a 500+ workforce.
Kilowott – Advisors/Mentors
“Myfather Donald Fernandez has been a constant source of strength to us and has mentioned us through our journey. The ethics and morals imbibed by our parents Donald and Jessyl Fernandez from childhood are what held us in good stead while we built this company from the ground up” Aaron says.
Tools used by Kilowott
Kilowott uses design elements such as CX, AR, VR, and futuristic technologies like analytics, AI, IoT, and others to create digital interfaces and operations that boost the customer’s business growth and profitability.
Kilowott – Future Plans
The company has recently consolidated all its diverse businesses under a single banner of Kilowott. A 700 square meter office was launched prior to the pandemic and another office is under construction. The company is currently 150+ strong and there are plans to make it a 500+ team with a global footprint. The company’s long-term plan is to become global tech powerhouse rooted in Goa.
In recent years, there has been a considerable growth in the sales of herbs or herbal medicinal products and starting a herbal business comes with many prospects. Many people especially from the top developed countries are recognising the benefits of herbal medicine and are switching from the conventional pharmacy.
Starting a herbal business is profitable but you need a good business model. To start this type of business, you need to have prior knowledge of traditional medicine like be a herbalist, or a Herbal medicine degree.
The owner must do deep research and create a detailed business model for the product, the price, the promotion, and distribution. Planning and research on different aspects are some of the key factors for a successful business because there is a lot of competition in the market. Here in this post, we will discuss briefly how to start a herbal medicine business and excel in this business.
Here are steps to start a herbal medicine business in India.
Step 1: Naming Your Herbal Business
Planning and researching the name of the business is very crucial. Naming a company can be challenging and time-consuming as it requires a lot of research. Your company name is an important part of your company’s identity. Once you understand what you want your company then start thinking about a particular name that describes your industry also think about words that describe your competitors.
Using similar names to your competitors makes it very difficult to differentiate your company from the others. Which is why the owner must identify the current trends and avoid following them by choosing a unique name that defines their company.
Step 2: Know Your Herbs
Herbal Plants
Before starting into a herbal products business, you should have a basic knowledge of herbal remedies and their applications. You must recognise and have knowledge about each herb that you are using. And ensure that your products are both safe to use and effective. You have to decide which herbs you want to grow in your herbal medicine garden.
Its always a good idea to focus on a select few when you’re growing for the market rather than offering a huge selection. Being a herbalist, one must only use organic fertilizers, as they help plants grow healthier. The owner must have knowledge on the herbal medicine uses, and identify the herbal medicine plants to expand the product range.
Here is the list of herbal medicine plant that’s common :
A clear herbal medicine business plan is essential for a successful entrepreneur. The cost must be planned according to the herbal medicine business model. One way you can reduce the cost is by purchase the medicinal herbs through a wholesaler and by then reselling these herbs online.
If you decide to open a permanent store to sell medicinal herbs, it will require a person to have access to much more capital. The largest expense for the people who decide to grow their medicinal herbs is the land. Depending on your herbal medicine business and the land size, you will have to pay monthly for rent, utilities, seeds, inventory, and labour.
Target Audience
A herb business can have many different kinds of clients or customers. Customers who opt for herbal medicine might be interested in living a naturally healthy lifestyle, some might want it for their physical ailments, while some might already have experience with herbal medicine.
Charge of Customers
The cost you decide to charge your customers solely depends on your product’s quality, uniqueness, and where you choose to sell. Business owners that sell unique products have much more flexibility in setting their prices. The herbal medicine shop business usually has flexible prices for the medicine, while if the owner is starting a herbal medicine business online then they can set fixed prices for the products.
Profit
Medicinal herbs businesses that re-sell bulk herbs typically charge 30% or more over their costs. Businesses that grow medicinal herbs can also plant culinary herbs to diversify their customer base. All owners of medicinal herbs businesses can create various different type of “value-added” products.
Strength
When it comes to strength as a company, it will depend on the portfolio of products and the wide range of herbal medicines and teas for different ailments that can meet the needs of a wide range of consumers. The herbal medicine in India is booming as many people prefer organic medicines, especially during the Covid 19 Pandemic.
Step 4: Form A Legal Entity for Your Herbal Business
The most common business structure types are the sole proprietorship, partnership, limited liability company(LLC). Establishing a legal business entity such as an LLC or corporation will protect you from being held personally liable if your medicinal herbs business is issued.
Step 5: Open a Business Bank Account for your Herbal Business
Opening a separate bank account for the business is essential for personal asset protection. The herbal medicine business owner can then get a credit card for their business account so the personal and business expense is separate. Have a business bank account also makes it easier for accounting and tax filing. Besides that, it also helps in understanding the financial performance of your herbal business.
Step 6: Marketing of Herbal Medicine
Herbal medicines can be sold in various dosage and different forms such as tablets, extracts, dried plants, capsules, products among others. The global herbal the medical market is segmented based on the type of the medicinal product, its application, and geography. According to a research, Global Herbal Medicine Market is expected to register a CAGR of 5.88% to reach USD 1,29,689.3 Million by 2023. According to a 2015 report by National Center for Biotechnology Information, around 70% to 80% of people globally rely on herbal sources for their treatment.
Marketing via email was one of the first digital advertising methods, but it’s still one of the most effective.
Pay close attention to federal, state, and local regulations. The herbal medicine industry has been subject to many investigations regarding product marketing and benefits.
Partner with local health-related businesses. Producers will have the most credibility in their communities.
Establish a product website.
Step 7: Getting Permits And Licenses for Herbal Business
To manufacture any type of Ayurvedic or Herbal products in India, you will need a license from AYUSH (The Ministry of Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homoeopathy) and not from FSSAI. Below are 3 types of manufacturing licenses issued by AYUSH :
Complete Manufacturing License – This is a full-fledged manufacturing license. This license is a must, if you decide to market, manufacture your own product, or set up your own manufacturing unit. To get this licence, you will have to fulfil all the requirement that is stated by the state authority of AYUSH.
Loan License – This is a manufacturing license which allows you to loan a manufacturing unit of a third party manufacturer to make your herbal products. This way you can reduce the cost of owning a manufacturing unit.
Contract/ Third party manufacturing – This license will allow you to use the manufacturing license of a third-party manufacturer to manufacture the product. This way you can only market your products. With this license you don’t have to own any manufacturing unit and don’t have to get any license.
When we speak of herbs, it is very important to have a basic knowledge of what you are going to sell. It is of utmost importance to know each herb that is going to be a part of your business plan.
Knowing Your Market
Creating your herbal product and putting it on your website is not enough to grow your business. You need to identify the ones you are making your product for. Your products need to solve the problems of the target audience. Presenting your product to the wrong group of people will only hold back your business from growing.
Guiding And Communicating
Herbal products are needed by consumers when their concerns are related to health. You will stand a better chance of selling your products if you can guide them about the products and their uses. This will instantaneously earn the much-needed trust of your customer which is always a positive aspect in marketing your business.
Affordable Pricing
You need to keep in mind that the products you are selling don’t suffer from the issue of overpricing. The urge to keep the products under-priced is helpful for any business owners, you have to vary much care about that you have not faced any losses.
Branding Via App
Having an app for your business not only creates a digital marketing channel but also stand out from the competitors.
Offers Coupons And Discounts
This is a great way to attract the first batch of customers and lift your business from the ground when you are just a beginner. Offering too much will increase the consumer’s unhealthy expectations. So make the marketing plan with great efficiencies.
Active On Social Media
Advertising via social media costs very little and offers other benefits as well. In this way, consumers get involved in the process of marketing your herbal business. You must regularly update your social profiles and the posting of content that are engaging and interesting.
Things to consider before starting a herbal product business:-
Market Research
Know your herbs
Licensing & Registration
Location Targeting
Marketing
How do I get Ayush license?
The Procedure to Obtain Licence for herbal products in India:-
Visiting the Website
Review of Documents
Approval by the Commissioner
Obtaining the License
What is Ayush certification?
Quality Council of India has been engaged for voluntary certification of quality of Ayurveda Siddha Unani (ASU) products. AYUSH Standard and AYUSH Premium Marks are awarded for products moving in the domestic and international market respectively.
How does a medicinal herbs business make money?
Medicinal herbs business owners make money by selling herbs.
What are the expenses for a medicinal herbs business?
Depending on your business, you will have to pay monthly for rent, utilities, seeds, inventory, and labour.
What are some skills and experiences that will help you build a successful medicinal herbs business?
The owner of the medicinal herbs company needs to have an understanding of the proper use of medicinal herbs or must be a herbalist. If not the owner can get a herbal medicine degree or join an online herbal medicine courses.
What is the growth potential for a medicinal herbs business in India?
With the ongoing Covid 19 Pandemic, there has been a massive growth of natural products and healthier alternatives to more common medical issues in India.
How to make herbal medicine?
To make herbal medicine, the herbalist must have knowledge of types of herbal medicine.
Everyone knows the importance of motivation in life. Every entrepreneur is always looking for some kind of inspiration in their life. The difference between an ordinary person and an entrepreneur is that a real entrepreneur never gives up no matter how tough the situations are. There are several motivational web series and movies that can motivate entrepreneurs in their lows.
For the last few years, many inspirational web series have come up related to startups and entrepreneurship that are guiding and inspiring every young entrepreneur on their journey. The trend of inspiring web series and inspiring TV shows & movies these days is touching heights and people are quite addicted to watching these series. Moreover, these series are short, entertaining, and not a lot time-consuming yet interesting to watch.
Whether you enjoy reading books, binge web series, or like to watch movies, we’ve got you all covered! If you are a Web-series person, go ahead and read this article to find the list of some amazing inspirational web series for entrepreneurs. A booklover can read this – Books by Top Entrepreneurs. Click here to get the List of Motivational & Business-based Movies for Entrepreneurs.
To help entrepreneurs get back and feel motivational, here are some recommendations for the top motivational web series every entrepreneur must watch.
20 Best Motivational/Inspirational Web Series to Watch –
While talking about series related to entrepreneurs, how can one not talk about TVF Pitchers. It is the best motivational web series in Hindi for any first-time entrepreneur. The series was made by one of India’s best online content creators The Viral Fever (TVF). The series was released in 2015. It is a Drama-Comedy series that is primarily based on entrepreneurship.
TVF Pitchers Trailer – Motivational Web Series
The story revolves around four young men who have typical corporate desk jobs – the standard nine to five jobs. The major twist happens when the protagonist, Naveen, gets drunk and calls up his boss in the middle of the night, and quits his job. When he wakes up the next morning, he regrets what he did but that was it.
However, he had an idea that he has been brewing for the past couple of months, with his two best friends. He goes forward with that, faces a lot of breakdowns and setbacks. He convinces his friends to leave their stable corporate jobs, they dodge investors who try blindsiding them, create the perfect software, and harbor ego-clashes and friendships. In short, everything that a first-time startup founder is bound to experience.
With this, the journey has an interesting set of ridiculously humorous one-liners and comic characters. It shows all the challenges groups of people face when they decide to begin a startup. This web series is a must for any person who is willing to start their own company or any first-time entrepreneur.
Silicon Valley is an American satirical comedy television series that was released in 2014. It is basically a comedy series that showcases the inner workings of life in Silicon Valley. It is one of the most famous motivational web series for students based on startups and young entrepreneurs. The series focuses on five young men who founded a startup company in Silicon Valley.
Silicon Valley – Web Series for Entrepreneurs
The show is all about six young men who co-founded a startup company despite all the heavy competition in the Mecca of the Business World. In spite of all the setbacks and problems, they just go on to fulfill their dream. The six programmers live together and try hard to make it big in Silicon Valley.
It shows that the people most qualified to succeed are the least capable of handling success. The show is a must-watch for all businessmen and also the startup founders. In conference talks, Douglas Crockford has called Silicon Valley “the best show ever made about programming”.The series has also won a lot of awards for its success and great response from the viewers.
Entrepreneurs must watch it because it is a good lesson in what it takes to turn a good idea into a profitable business. All the things that computer programmer Richard lacks, such as a level head, excellent negotiation skills, a supportive professional network, and a trustworthy mentor, can guide budding entrepreneurs.
The startup is another American television series that aired for the first time on September 6, 2016. The Tv series shows the emergence of GenCoin, a brilliant yet controversial tech idea centered on digital currency. This gritty drama follows unlikely tech entrepreneurs behind a brilliant idea, and a powerful FBI agent who can make or break those he comes in contact with, not always for the right reasons.
Startup – Web Series
StartUp is a web drama series set in Miami, Izzy Morales creates a revolutionary, unregulated digital currency called GenCoin. A young banker named Andy decides to partner with Izzy, catering the project with cash that Andy’s father is desperate to conceal. The trio ends up on the radar of FBI Financial Crimes Agent Phil Rask, who is on Andy’s trail.
The series has a great ensemble cast featuring Adam Brody, Edi Gathegi, Otmara Marrero, Martin Freeman, Ron Perlman, Addison Timlin, and Mira Sorvino. While the first season of the show received a mixed response from critics (33% approval rating on Rotten Tomatoes), it has slowly gained loyal fans over the years.
CNBC original, How I Made My Millions is, a must-watch web series for entrepreneurs, released in 2011. The series shows you the greenroom of the business world. The show reveals how everyday people have taken ordinary ideas and turned them into extraordinarily successful businesses. It shows us the entrepreneurs who took a risk, believed in their dream, and with a lot of hard work and a little luck, became millionaires.
How I Made My Millions – Inspirational Web Series
The show mostly revolves around those businesses that have crossed the $1 million mark. How I made my millions showcases the typical ‘American Dream’ and tries to show that if you have the idea, the resources, and the willpower, you can make things happen, no matter how many hurdles come along.
How I made my Million talks about the biggest businessmen and women reveal how they took ordinary ideas and turned them into extraordinary businesses. The show can guide entrepreneurs about strategies and executions. leads you to the green room of the business world. So one must watch the series to get some inspiration for starting up your own company and make it extraordinary.
The Profit
IMDb – 8.3 Where to watch – CNBC.com
The Profit is an American reality television show for entrepreneurs premiered on July 30, 2013. It was Broadcasted on CNBC as part of each episode. The Profit tells that just being a successful entrepreneur is not all part of happiness. It shows the raw, challenging, and often ugly side of starting your own business.
The Profit – Motivational Web Series
It revolves around a real-life businessman Marcus Lemonis who has been one of the biggest players in the business world. The series shows us how the businessman invested in struggling companies and turned them into highly profitable ventures, and in return took a percentage of both business and profit. The show is a great inspiration and lesson for all entrepreneurs.
A part of the show also shows what NOT to do as an entrepreneur. The motto of the show emphasizes the three P’s – People, Process, and Product which is the triangular mantra of success for any startup founder and members. So anyone who needs some business motivation, should go ahead and watch The Profit.
Shark Tank
IMDb – 7.6 Where to watch – Netflix
Shark Tank is a business-related reality TV show and best motivational web series on Netflix where investment-seeking entrepreneurs make business presentations to a panel of five investors aka sharks who then choose whether to invest in their company as business partners. The show first premiered on August 9, 2009, as the American franchise of the international format Dragons’ Den.
Longstanding panel members of the show include business tycoons such as Mark Cuban, Barbara Corcoran, Kevin O’Leary, Daymond John, and Lori Greiner; while Richard Branson, Ashton Kutcher, and Chris Sacca have all appeared as guest sharks.
It is an unscripted TV show for entrepreneurs wherein entrepreneurs from around the globe pitch their business model to a board of speculators and convinces them to invest in their ideas. So far, the shark tank had invested in many startups and gave billions of dollars as a return to investors. One can take notes on the product pitches that resonate with the sharks and trigger multiple offers.
American political thriller – House of Cards is another best motivational web series on Netflix released on February 1, 2013. House of Cards is a great example of how to stack the deck in your favor. Though there is some heavy drama if you want to learn how to negotiate tricky tactics in business relationships, as there are a lot of these.
House of Cards – Web series
Majority House Whip Francis Underwood takes you on a long journey as he demands his vengeance on those he feels wronged him including his own cabinet members including the President of the United States himself. Dashing, cunning, methodical, and vicious, Frank Underwood along with his equally manipulative yet ambiguous wife, Claire, takes Washington by storm through climbing the hierarchical ladder.
House Of Cards is a political show which shows you that everyone has a motive and can pull strings at some point to get what they want of course! This show motivates you to keep calm during a tough phase and deal with various encounters you have during each phase of life. It teaches you things go on behind the scenes that you can’t control and that things don’t happen unless you make them happen.
The Apprentice
IMDB Rating – 7.2/10
Where to Watch – bbc.co.uk
The Apprentice is a British reality game-based tv series directed by Mark Burnett. Modeled on the American original with the same name, the first episode of The Apprentice came out in Feb 2015 and is distributed by Fremantle and broadcasted by BBC.
The Apprentice – Business-related TV show
In the storyline, The Apprentice has a group of 20 young entrepreneurs who must compete with each other on a series of tasks or business-related challenges, which are set by Alan Sugar, a British business tycoon. These businesspeople should undertake all the assignments set aside for them and survive the weekly firings and throughout the assignments, Alan will be assisted by two close businesspersons with barely any involvement outside observing the tasks. Eventually, one of them would finally emerge as the best entrepreneur and worthy of a prize offered by Alan.
As you too might feel, The Apprentice is based on a competitive business environment similar to what we face in our work and would therefore be quite motivational a web series for the working professional and budding businessperson.
The Office
IMDB Rating – 8.9/10
Where to Watch – Amazon Prime Video
The Office, as it is titled, is based on a typical office setting of a commonplace paper company. The American TV series that was aired in 2005, is an adaptation of the British tv series of the same name and went as long as nine seasons so far with Randall Einhorn as the most frequent director of the series.
As mentioned, the web series is based on the employees of a paper company that goes by the name, Dunder Mifflin Paper Company, and is filmed with a single-camera setup with the absence of a studio audience and a laugh track, which might otherwise have spoiled the look and feel of a documentary. The Office is a mockumentary, which captures the typical office environment of the company and goes beyond it to explore humorous and bizarre encounters of the manager and the other employees. The storyline of the series covers the office episodes and the management of the paper company under Michael Scott, Branch Manager, Scranton, PA.
The Office – Business-related tv show
The Office seeps into the office environment bringing an all-around experience in a workplace, which strives to satisfy the curiosity of the budding professionals. It is shot incredibly well with a comic take, which will balance the serious and the casual episodes of our day-to-day life in an office.
Dragon’s Den
IMDB Rating – 6.8/10
Where to Watch – bbc.co.uk
Based on the Japanese series “Money no Tora,” Dragon’s Den is a British television program presented by Evan Davis, owned by Sony Pictures, and broadcasted by BBC.
The show presents five wealthy investors, the eponymous “Dragons” of the series, who will be pitched a range of business ideas by the budding entrepreneurs, investors, and small business people that they can invest in while offering a stake of the company in return. The five “dragons” symbolize the real-life investors and multi-millionaires, who need to be convinced by the entrepreneurs to be to receive the money they require to fulfill their business dreams.
Suits
IMDB Rating – 8.4/10
Where to Watch – Netflix and Amazon Prime Video
Suits is an American legal drama produced by Universal Cable Productions that premiered on June 23, 2011. The Aaron Korsh-created series is based on a fictional New York City law firm where Mike Ross, a talented college dropout, will be hooked in by Harvey Specter, one of New York City’s best lawyers to close cases together.
Mike, a fresh college dropout and running from a drug deal gone bad, will luckily be saved by Harvey, who will gamble Mike against the cookie-cutter law graduates, relying on his raw talent and photographic memory. Though Mike and Harvey’s team seems strong enough, and Mike is a true genius, he has to learn the ropes of the profession.
The Suits explores the legal landscape and how a fresher is slowly absorbed in it. With the legal trade as an example, The Suits can be an exemplary series for all the fresh graduates and working professionals to draw information from and learn and grow as guided by the circumstances under our mentors, often at the cost of sacrificing our emotions against the cold, brutal grasp of reasoning.
American crime drama Better Call Saul is created by Vince Gilligan and Peter Gould and is a spin-off, prequel, and sequel of Breaking Bad, an Albuquerque-based crime drama. Better Call Saul further explores the journey of Saul Goodman, the lawyer who featured in Breaking Bad as Walter White’s defense lawyer and strategist under his agency Better Call Saul. The Gilligan directed sequel takes the audiences through the journey of Jimmy McGill, a lawyer who is slowly embraced by greed and ambition, subduing his conscience and turning into Saul Goodman.
Better Call Saul – Business-related web show
Though Better Call Saul is not a series that can be termed as an inspirational web series in one breath, it is a retrospective of the things that the budding lawyers and other professionals must not give in to avoid their lives going bad.
Planet of the Apps
IMDB Rating – 6/10
Where to Watch – Apple Music
Planet of the Apps, directed by Ryan Polito, is a one-season American reality television show that was broadcasted on Apple Music in 2017. The first season of Planet of the Apps consists of 10 episodes, the core of which is the story that revolves around the world of mobile apps.
Planet of the Apps, as it sounds, is created around a world of mobile apps where each of the software makers will have a minute to pitch in their ideas to impress the advisors, Jessica Alba, Gwyneth Paltrow, will.i.am and Gary Vaynerchuk, much like elevator pitches.
The show clearly is a reflection of what we have in the modern-day world of gaming, advertising, IT, media, business, corporate or other industries, where the employees barely get a minute to win the attention of their bosses by their sheer hard work, innovativeness, and dedication.
Billions is American web series, created by Brian Koppelman, David Levien, and Andrew Ross Sorkin that focuses on the power politics in the world of New York high finance.
Billions bring shrewd and savvy U.S Attorney Chuck Rhoades and the ambitious, genius hedge fund king, Bobby “Axe” Axelrod together in a battle soaked in smarts, power and influence to outsmart each other with billions at stakes.
Billions, as a series, is a complex drama about power politics, which is not unknown to us in the present world we live in that houses the current sectors we work in. It is in fact one of the best business web series should an entrepreneur in the making consider one to watch.
Ballers
IMDB Rating – 7.6/10
Where to Watch – www.hbo.com
An American comedy-drama television series created by Stephen Levinson, Ballers premiered in 2015 on the American cable television network, HBO. Ballers is created with Spencer Strasmore, Dwayne Johnson, a retired NFL player, in the center, who must assume the new role that of a financial manager for the other NFL players.
Ballers explore the sports industry and the changing course of one’s job life, where one needs to embrace any and every opportunity that might cross their way and wield them successfully to his/her benefit. The television series is one-of-a-kind web series that will help future entrepreneurs and working professionals to adapt to the changing job profiles and environments in the ever-changing world of the present.
Mad Men
IMDB Rating – 8.6/10
Where to Watch – Amazon Prime Video
Mad Men is an American period drama, which is set at the beginning of the 1960s and revolves around New York’s most coveted ad agencies. Created by Matthew Weiner and produced by Lionsgate Television, Mad Men depicts the time between March 1960 to November 1970 in the fictional narrative and was first aired on the cable network AMC in 2007.
The story of Mad Men is based at the fictional Sterling Cooper advertising agency of Madison Avenue in Manhattan, New York City, and later at Sterling Cooper Draper Pryce. Mad Men revolves around Don Draper, the talented, erratic, and mysterious creative director of Sterling Cooper, who has an enviable reputation and a creative genius, who would eventually be the founding partner of Sterling Cooper Draper Pryce.
Mad Men – Web series for entrepreneurs
Mad Men, as a drama, is excellently woven around the world of a charismatic advertising executive, Don who assumes a new position, where he is at risk of losing his hard-earned reputation. Pacing beautifully across the changing companies and mental faculties, shuffling moods and societies and shows the uncertainty of job life and the transience of our reputation in it. It is undoubtedly an inspirational web series for working professionals and entrepreneurs and budding professionals.
Laakhon Mein Ek
IMDB Rating – 8.2/10
Where to Watch – Amazon Prime Video
Laakhon Mein Ek is an Indian television series created by Biswa Kalyan Rath and produced by OML Production, which premiered in 2017 on Amazon Prime.
The Amazon Prime Video original series helps us visualize the struggles of Aakash, the protagonist of the series, who is a teenage student based out of Raipur and is sent to Genius Infinity for coaching in Visakhapatnam to prepare for the IIT examination.
The first installment of the series was a successful run overall and was followed by season 2, which was released on April 12, 2019, and was about Dr. Shreya, who will have to fight with the government for the healthcare of Sitlapur Village.
Both the first and the second installment of the series explores mental tensions and are drawn against a common enemy, fear. It is fear, which the main characters had overcome in order to usher strength to continue bravely against all odds, be it a personal or for a social cause, and is undoubtedly one of the most motivational web series created during the last decade.
Workin’ Moms
IMDB Rating – 7.6/10
Where to Watch – Netflix
Workin’ Moms is a Canadian sitcom created by Catherine Reitman and has working mothers at the core of the narrative. The sitcom that first aired on CBC Television in 2017, focuses on the lives of four working mothers from Toronto, Canada, who tries to juggle their careers with their families and love lives.
Workin’ Moms – Inspirational Web Series
The Netflix series, Workin’ Moms is not only an inspirational web series for the women but for the men too, who are living their modern lives where they have to continue focusing on their jobs along with giving an equal focus to their families and lives in general.
Dirty Money
IMDB Rating – 8.1/10
Where to Watch – Netflix
Dirty Money is a Netflix original web series that consists of different stories, all of which are almost an hour-long, and are meant to expose the greed, corruption, and crime spreading worldwide.
Dirty Money, as the title reflects, is a collection of stories based on the acquisition of money through a path blotched by greed, corruption, and crime. The series powered by Netflix is not a motivational web series at the first glance but an informative one that empowers the working professionals of today with the knowledge of how things usually get lucky when money comes into play.
The Interns
IMDB Rating – 6.8/10
Where to Watch – Netflix
The Interns is a Hindi web series based on the life of three interns, which is directed by Anant Singh. The series welcomes its audiences into the lives of the three young interns of Digital Diva and focuses not only on their internships but depicts how they perform outside it in their respective lives.
All of the interns are women and will have to muster courage, wit, and inventiveness to complete their internships successfully. The series, though it has been centered around the lives of three young women interns, is reflective of all the new interns and budding professionals, who need to come out with flying colors no matter how hard things seem to be.
Hope you loved the above list of business-related motivational web series for entrepreneurs. Do let us know your comments.
These Series can inspire you, motivate you, and can help you give a kick start to your life. Also, it can give you a boost to your career. But when you come to reality all these shows will only be emotional support and energy booster. At the end of the day, you have to work hard to get the desired result. Keep striving, keep hustling, keep going. Believe in yourself. Put effort to get the desired result. Till then, keep reading such articles to know more about such interesting topics.
Yash Gupta
