Cryptocurrencies have been gaining popularity and with cryptocurrencies, in the recent times, a new crypto asset called the Non-Fungible Token (NFT) had amassed a huge amount of popularity. Many believe NFTs to be the future for art and other valuable items. But Fred Ehrsam has a difference in his opinion regarding to that and in an interview had conveyed about it. In this article let’s look at why Fred Ehrsam had conveyed that the 90 % of the NFT Collectibles would be worthless.
Fred Ehrsam who is the co-founder of Coinbase conveyed in an interview that he feels that the NFTs are going to lose their worth. On 16 June 2021, he had conveyed in an interview that 90% of the NFTs would eventually become worthless. He also added in his interview that he believes that people shouldn’t dismiss the doge coin.
He also added that decentralized finance would be a riskier technology of the blockchain world and conveyed that the United States would get the regulations of bitcoin wrong and there could be a danger in that.
Fred Ehrsam also added that criticism made on the bitcoin’s energy use must be reconsidered by Elon Musk and Bill Gates.
Fred Ehrsam is an American based business man and an investor. He was the co-founder of one of the largest cryptocurrency exchange Coinbase. He had left Coinbase in the year 2017 and the company had gone public with a valuation of USD 100 billion.
Fred Ehrsam is currently the co-founder and the managing partner of the cryptocurrency investment firm Paradigm. As of 2020, the company had made more than 25 investments in cryptocurrency related companies. He was born in the year 1988 in Boston.
Fred Ehrsam’s take on NFT
Fred Ehrsam conveyed in his interview that people are going to try all sorts of stuffs and added that in the coming future there would be millions and millions of cryptocurrencies and crypto assets. He compares cryptocurrencies and crypto assets to the millions and millions of websites that were developed during the boom of the .com phase in which the most of them wouldn’t work.
He conveyed that around 90 % of the NFTs will have no value in the next 3 to 5 years just like the early internet companies in the late 90s. He added that the value of NFTs would probably be the same as those companies.
Fred Ehrsam conveyed in the interview that if cryptocurrency has taught us something it is not to dismiss a good meme and adds that it could display much more progress. He refers to dogecoin and other crypto assets.
Speaking about decentralized finance he added that one thing that totally changed in the year 2017 was that the doors suddenly opened to much broader applications. He added that Ethereum came out of nowhere and proved that various applications and projects could be build using the blockchain technology. He said that in the coming future we will be able to see a lot of mainstream consumer applications.
Market Cap of NFT
What Fred Ehrsam said about Bitcoin’s energy consumption?
Speaking about the criticism of the environmental impact of cryptocurrencies he conveyed that Elon Musk and Bill Gates will have to examine the issue much more closely and added his personal view which stated that it would be much more energy efficient in order to use these digital coins and transfers in the coming future. He added that it is totally understandable that there would be a lot of confusion in the beginning stage.
He added that, the world doesn’t change overnight but he said that we will be able to see the seeds of exponential growth that is already occurring. He added that we would live in a future where we would not require central currencies or a central system in order to co-ordinate with each other.
He added that it has already been proved by the financial services where we do not require a central system in order to hold our money or transfer our funds and we could be our own banking system.
Conclusion
Fred Ehrsam conveyed that history is yet to be written and added that in his view he is at a very strong place where the brand is trusted not only by the users but also the regulators. He added that being that bridge in the world of cryptocurrencies is a really great place to start.
FAQ
What is the net worth of Fred Ehrsam?
The net worth of Fred Ehrsam is 290 crores USD.
What does NFT mean?
NFT is non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.
How does NFT prove ownership?
Nonfungible tokens prove ownership of a digital item – image, sound file or text – in the same way that people own crypto coins. Unlike crypto coins, which are identical and worth the same, NFTs are unique.
Every startup founder is well aware of the fact that the journey ahead is full of obstacles. Sometimes they are prepared for the unusual circumstances, whereas most of the times, the hurdles are like a bumpy road which needs to be crossed with patience, perseverance and planning. Whether that’s because you just didn’t anticipate the challenges, you’re unsure of the best way to respond, or you don’t yet have the resources you need to address them properly.
It is important for startup founders to execute their business plans in a manner that proves their vision and worth. We, at StartupTalky, spoke with professionals and top executives of companies across the country and asked them the challenges they faced while starting their own startup and how they overcame them. They discussed the most challenging events and circumstances in the dynamic world of startups and also shared their personal experiences while tackling the hurdles.
Bare Anatomy is a premium, beauty brand with personalization at its core. Our customized range of hair and skincare products are freshly made once customers place their order. All our formulations are made with clean and effective ingredients and go through stringent quality checks to offer our customers the very best.
Since we don’t mass produce batches of standard formulations, the biggest challenge we have faced is scaling up our production processes rapidly. Other beauty brands in the market mass-produce so abrupt spikes are not that hard to deal with as they have ready inventory and a more drawn out time span of usability due to the preservatives they use.
To solve this, we have automated our manufacturing facilities to cater to dynamic demand patterns and meet seasonal spikes.
We are born out of a desire to ensure that India does not miss out on the Industry 4.0 wave, started its journey with a team of 15 engineers who came together to foster innovation in the field of IoT, Robotics and IT. The biggest challenge was to educate the Indian manufacturing diaspora to embrace automation. Now the sector has taken a move and gradually experiencing the inevitable need to automate its processes.
Over a period of time, we have established ourselves as a preferred automation partner across India and now we are on our way to become a global Robotics player launching ourselves through partnerships across geographies and acquiring multinational client
Lalit Arora – Co-Founder, Vingajoy
Lalit Arora – Co-founder, Vingajoy
It’s not easy to establish brand value. It is not just a matter of offering a name or an attractive logo or a slogan. It is one of the most challenging tasks. Brands are created through a wide range of touchpoints; each time a customer interacts with a brand, it forms an association. This means everybody in a company is having an effect on the brand. The central aim of the brand building is thus to keep the message consistent across all platforms, media and time.
This demands that the brand be kept alive by seeking new ways to express its message so it remains consistent. This means making consistent and adapting necessary improvements across the board to remain on top of the trends. The major challenges were the monopoly of competitors in the market. In India, people don’t experiment with new brands easily. It takes time to gain trust and acquire a stabilized market. But slowly and gradually, we have managed to create a brand position in the market.
Amit Tyagi – Founder and CEO, Neuherbs
Amit Tyagi Founder and CEO Neuherbs India
A first-generation entrepreneur is one who undertakes the risk of running a venture for attaining profit and is doing so for the first time. But unlike the established ones that have undergone the trials and tribulations and have cemented their position, the new entrepreneurs are still not “risk-free.” There is a lot to prove through their startups.
In the underlying stage, the first-generation entrepreneur attempts to raise the funding for the activity. The funding can be either by an individual or through a partnership if there should arise an occurrence of the organization. The difficulties faced by founders of startups have been-the absence of tolerance in taking care of issues, absence of sustained inspiration, Inability to widen their perspectives and make use of subconscious and so forth.
There are myriad of difficulties these startup owners often face-creating vision and thoughts, raising capital, gathering a group, finding the correct area, finding the right employees, beating rivalry, unanticipated difficulties and costs, staying aware of changes and patterns, leaving the business, monetary management, cybersecurity, winning the trust of the client, ability the customers and so on.
However, those who turn out to be successful have a few things in common- an ability to deal with clients and managing the working capital, an acumen for financial management, keen marketing skills, and confidence in their beliefs and ideas with a flexible approach to inputs. It’s hard to be a first-generation entrepreneur stepping into a volatile market in which only the strongest survive but the right approach makes it worth it.
Generally, parents of young entrepreneurs are very sceptical because they see business as a huge risk and they wouldn’t want their children delving into them. I truly believe that if you can make your parents believe in your idea and showcase your impact, they will take your side. A couple of things that helped me overcome this was financial independence, speaking and guest lecturing opportunities and my zeal towards the business.
Another challenge which is more of a positive one is that first-gen entrepreneurs don’t come with a lot of contexts. This means they are not scared of playing with fire and learning from the process. This really helped me in my journey. While I had the guidance of my very experienced, learned and passionate Mentors, I was not yet hardened by the tests of time. A little bit of Madness is something that plays in your favour and that’s the stuff Entrepreneurship is made of! Our lives are dictated by cost-benefit analysis, not only at a financial level but at the level of each decision that is made.
It may be difficult to gain other people’s trust in your business abilities. You get doubted if you don’t come from a business background because you are looked at as naive. To tackle this, I was very careful and tried to make sure at all junctions that the decisions I was making were ratified first-hand by others, or had some context in pre-existing ventures and businesses. Reading a lot helps, great communication skills help as well.
Geeta Singh – Founder, TYC Communication
Geeta Singh, Founder, TYC Communication
Being a full-time entrepreneur is no easy job, regardless of whether you’re a man or a woman, and I have faced my fair share of challenges along the journey. I started this company with a measly sum of Rs 50,000 and just one other employee besides myself. From getting new clients to delivering work on time to managing several business operations, there were a lot of challenges.
But I’ve always believed in surrounding myself with people who are capable of rising to the occasion and together, by working as a team, we have been able to overcome several challenges. So having atightly knit teamand good work culture is paramount for the success of a business.
Besides that, I’ve always taken every challenge as a learning opportunity. If you overcome them, you know you’re on the right path; if you falter, you’ll know where you’re lacking, so that you can go back and tune things. I believe that the most important thing any entrepreneur can learn is that failure is inevitable. Some day – today, tomorrow, ten years into the future – you’ll meet failure. But that in itself isn’t an issue; how you deal with it defines whether you’ll succeed or not. If you stumble and fall, just pick yourself up and keep going. There is no replacement for hard work and dedication.
Akhand Swaroop Pandit – Founder and CEO, The Catalyst Group
The past 2-3 years have witnessed a spurt in EdTech companies in India. Potential-wise, according to KPMG and Google’s report Future of Online Education in India, the online education market in India is expected to grow to $1.96 billion by 2021, with 9.6 million users. However, there have been many challenges that the sector is continually overcoming in order to truly make it big.
The biggest challenge that we have faced in the initial years was that the students from tier 1 and 2 cities were not comfortable with online classes. There’s a myth among parents and students that only conventional classes can provide quality education. Especially for competitive examinations, the option of ranking well and getting selected at a preferred place through the new advanced technologies was a highly debatable question.
To overcome this, we have appointed dedicated expert faculties right since the beginning. The educators of our institution have themselves topped different competitive examinations pertaining to their expertise. Their excellent teaching skills and experience have always helped our students outshine. Our students have also consistently topped many national level examinations like UPSC, SSC and banking, which helps us further, in building a sense of trust amongst other aspirants towards our platform.
Sheshgiri Kamath – Co-Founder and CEO, Kapture CRM
Sheshgiri Kamath – Co-founder and CEO, Kapture CRM
In this fiercely competitive world, I believe that entrepreneurs, both the first-generation and the second-generation ones, face quite a number of challenges while setting up their business. What would probably vary is the level of adversity that had to be faced and overcome. Fortunately, there are several resources available to tackle these challenges.
As a team of three first-generation entrepreneurs, we founded Kapture CRM in 2011. Although there were many obstacles to get through, there were 2 major challenges. Firstly, financial complexities. We were unsure if we had to raise capital and how we would go about it. After gaining some clarity, we decided to focus on a self-fueled growth model to scale Kapture CRM. In hindsight, that was one of the most important and best decisions we took as a founding team. We are now bootstrapped and profitable, thanks to our paying global customer base.
The second biggest challenge was networking. As we were fairly new to the entrepreneurial world, it took us quite a while to grasp the legal procedures involved and connect with the right business professionals (lawyers, consultants, etc) for our requirements. This process would have probably been easier if we were second-generation business people who had the right help in place.
Furthermore, due to the lack of referrals and corporate contacts, onboarding our first five clients proved to be a difficult task. We decided to do a few free pilots and we got some positive feedback. We onboarded our first paying customer soon after that – a real estate developer. Following this, we were able to partner with another five clients (builders). We then tried our luck with medical device companies and that scaled our enterprise pretty quickly. We strongly value our existing customers and we have gotten many referrals from them.
Thanks to our product, we were able to build a global network of 500+ clients over the next few years. All in all, this entrepreneurial journey of ours has been very exciting and fruitful for us.
Prasad Rajappan – Founder and CEO, ZingHR
Prasad Rajappan – Founder and CEO, ZingHR
From Production Engineer to Founder of an HR Tech Software Solution Company, it has been a long journey for Prasad Rajappan, Founder and CEO of ZingHR a leading player in Enterprise HCM Software Solution. Prasad is a first-generation entrepreneur. No one in my family had ever tried their hands at business.
However, I learned some great and valuable lessons in my life and my family, which enabled me to build my success story and an Enterprise HCM company with a focus on OutcomationTM, knowledge, depth and agility. I learned from my father to shoulder responsibility and my mother has been like Annapoorna (whose kitchen was always open for anyone). She taught me to help the less privileged and derive happiness from it. It was a tough decision to leave a well-cushioned job for a completely uncertain future and it was difficult for my family as well, but I always believed that one should first listen to the heart rather than the head.
FAQs
What are the challenges faced by entrepreneurs in India?
Problems faced by entrepreneurs while starting a business in India:-
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 Cube Wealth.
It’s rightly said wealth preservation is as important as wealth creation. It takes great understanding and deep insights to strategically manage the wealth that you’ve created. And it’s not necessary that an individual can do it all on their own. Hence to extend professional wealth management services, Cube Wealth was founded by Satyen Kothari, who had previously founded Citrus Pay, which was acquired by PayU for $130 million in 2016.
The startup was envisioned by the founder with a simple vision i.e.,’ Simplifying Wealth Creation for Busy Professionals.’ Cube Wealth provides comprehensive portfolio management solutions to help busy professionals achieve their goals through investments. The app helps individuals to invest in multiple asset classes including equities, mutual funds, P2P lending, gold, and even charitable investing to build a well-rounded portfolio.
Cube Wealth is a subscription-based automated wealth technology application that works on the concept of disciplined long-term wealth creation. So the basic idea is to simplify access to quality investments for professionals. The biggest convenience that Cube Wealth brings for its members is having their entire portfolio managed under one mobile application & being managed by money managers with decades of experience. Cube Wealth gives each consumer access to services that were only available to High Net worth Individuals to date. Users pay no charges for India investments, and can start with as little as Rs 5,000 in SIPs.
A non-refundable 1% transaction fee from retail investors and 2% from institutional investors is charged on the loan amount disbursed. This is deducted from the first EMI. There are no additional fees to invest in P2P lending through Cube.
Cube Wealth’s interests are aligned with their customers. The company follows a disciplined approach to advising clients based on their needs & investment timeframe. The Cube Wealth application has a search function that any user can try based on their ability to take risks and timeframe to see the best options for them. All the options are shown in a normalized fashion with the same elements of risk, timeframe, return rate, liquidity, etc. All the mentioned parameters make it simple for users to compare and pick a product that is ideal for them.
Cube Wealth provides access to all of the curated asset options and dedicated Wealth Coach to each of the members. Non-members can download the app for free and get one free wealth consultation. This application gets industry-standard commissions from the asset managers.
It’s our promise to our customers that we will not sell you anything based on the commission we get – rather, it will be based on what is right for you. says the founder of Cube Wealth.
At Cube Wealth, they advise all their customers that before investing in anything they should set up an emergency fund in cash and cash equivalents. As anyone with expertise in the industry would say that the commission earned is so small that even the costs for processing the transaction are not covered in most cases. But Cube Wealth recommends this as step one because it is the right thing to do in your investing journey.
At Cube Wealth, the investors get four magic ingredients:
A dedicated Wealth Coach: The investor gets a dedicated Wealth Coach who will provide personalized guidance on how to think about finances based on the life stage, risk tolerance, and existing investments.
Top Tier Investment Managers: This app gives access to top money managers in India who have over 10+years of experience in creating wealth for Ultra-rich and have managed over $2 billion. Cube Wealth has hand-selected these managers based on their track record and quality.
One Simple App: One app to simplify, track and automate all the investments. One can invest & manage wealth creation in a few simple steps.
Holistic portfolio management: The Wealth Coach assigned to the individuals will do a detailed portfolio analysis to create the best portfolio to be invested in.
In this era of data explosion, there are a lot of applications helping an investor to invest in certain specific investments & which impact the overall portfolio for the investor. Cube Wealth’s USP is simplifying the wealth creation process to make it available for everyone, and to handle the entire lifecycle of the investments from short term savings for a wedding or an MBA next year to long term savings for retirement or buying a house.
Cube Wealth – Founders and Team
Satyen Kothari is one of the most successful names in the Indian fintech industry. With notable achievements on his name, Satyen is the Founder and CEO of Cube Wealth. But Cube Wealth is the second brainchild of this brilliant entrepreneur, the first being Citrus Payments. Citrus Payment’s overall strategy, user experience, product placement schemes, and strategic alliances drove the company to a valuation of $100 million in 4 years. All in all, he’s a genius serial entrepreneur.
Satyen Kothari, founder Cube Wealth
In a short span of 18 years, Satyen Kothari has successfully started companies in multiple segments and industries including areas of marketing automation, social e-commerce, and strategy/design consulting in Silicon Valley and India. Also, the man has a very enriched experience of working with start-ups and relatively larger companies like Intuit, First Data, Cisco, AOL, Yahoo, frog design & App.
This brilliant entrepreneur is also an angel investor. Satyen has invested in 14 companies, all in the versatile spaces of marketplaces, payments, solar, education, and payments. This serial entrepreneur has a Masters from Stanford University in technology, entrepreneurship, HCI, Computer Science and a BE in Computer Science and Engineering from Bombay University.
The Cube Wealth team discusses the ideas and talk about what is going on in their lives, in the world, in fintech, and at Cube. This team has no ranks, only roles. The daily lunch routine helps them establish this sense of equality. It’s this equality that makes the conversation free-flowing and rich. And yes, even the quieter engineers contribute! The Cube Wealth team knows one another well, has strong bonds and likes each other too. They generate ideas very organically as a team.
Our single biggest decision on our business was made at lunch thanks to a debate on who we thought we were, who our customers thought we were and who we wanted to be – Satyen quotes
It was 2016 and Satyen had just sold Citrus Pay, the last company that he had founded, for $130 million. Suddenly he was surrounded by all types of wealth and asset managers. He then realized that the wealthy have access to amazing financial advice and some fabulous asset managers.
In recent years, there has been a steep rise in the number of people looking to invest in assets such as mutual funds, equities & other instruments. With this surge in the numbers, also came in a lot of companies providing misleading investment advisory services & instruments which resulted in people losing their money due to the incompetence of the advisors. Also, the investors were given wrong advice. All this was because the best of advisors were only limited to a particular set of HNWIs and UHNWIs.
After speaking to hundreds of senior professionals & entrepreneurs, he realized that a) People are mis-sold investment products b) They don’t have access to quality money managers & assets c) They don’t have time to research & build their portfolio
“How do I make the same quality of advice and access to the same top-performing asset managers possible for everyone?” was the thought that germinated the Cube Wealth seed in Satyen’s mind.
Satyen felt a strong sense of injustice because he always needed this quality of advisory but only the very rich could access them. And he wanted to change that. He had also discussed it with investors from Singapore, US & Japan about the product & need for high-quality products & services to the large & aspirational middle class in India.
Cube Wealth – Name, Tagline and Logo
The name ‘Cube’ was picked because it is a simple yet multi-dimensional and visualizable physical object. In wealth management, a lot of dimensions determine the result of returns. And yet at any time, only one side of that complex equation matters to the user – the money that an investor may be saving to buy a house, or to park extra money for the long term. Cube focuses on that singular aspect that matters to each customer while handling all the other dimensions of the problem space elegantly.
Cube Wealth logo
Cube Wealth – User Acquisition
From the beginning of the Cube Wealth application, the team has focused on maintaining the 3i approach internally: Integrity, Intensity & Intelligence, which is always about being transparent & providing the highest value to the customers.
Every customer of Cube Wealth gets only the best of investment managers from around India. The team does a thorough due diligence of each investment manager who is impaneled on Cube Wealth. They look at their investment thesis, past performances, leadership teams, assets under their management, investor support processes and many more such attributes. Last but not least, the team researches and tests every investment with their own money and handpick the top-performing advisors.
Cube Wealth was Initially only available to members on an invite-only basis. This helped them to create a strong referral base & spread the Cube Investment Philosophy. The team had majorly used channels such as Linkedin, Twitter, and PR. The whole process was catered towards providing the complete portfolio experience to users.
The most important factor which helped Cube Wealth distinguish themselves in the market was the exemplary customer service experience which helped them retain & acquire new users. They have a two-staged model in place for customer service:
For every customer, the idea is to help them build an ideal portfolio for wealth creation with both short term & long term assets. Cube wealth does a complete portfolio analysis for the customers & understand their detailed requirements before providing any allocation advice. After this, it comes to step one. They ensure that all the investor’s money is parked only in high-quality assets that are mapped to their goals. Lastly, they also have a function to automate regular investments via the Cube Wealth’s Super SIP feature. All these steps are critical – analysis, quality recommendations, and disciplined regular investing – to place the customer on track towards a healthy and wealthy financial future.
After acquiring the first hundred customers, Cube Wealth doubled its efforts towards referrals, press releases & spreading awareness on social media. The fundamental strategy is to provide maximum value to the customers who use the Cube Wealth application.
Cube Wealth – Business Model and Revenue Model
Currently, Cube Wealth has not worked out a fully functional revenue model. the reason being that all the users can avail the services for zilch cost. Also, the personal fund manager advice service is issued to the users without any additional charges. The company is currently earning commissions from funds when an investor commits to a long-term plan of around ten years.
“Since we have just started, we are focusing on creating the habit among users to invest, and we teach them how and where to put their hard-earned money to build a rounded portfolio,” Satyen said.
Cube Wealth – Startup Challenges
The biggest challenge in the current wealth management sector is the Human-centric processes, time is taken in KYC, and due diligence is a few of the factors which do not allow fund houses to focus on small retail investors. Also, with multiple advisors & multiple investment products, people tend to often overlook the value of the investment portfolio as a whole.
For solving these problems, Cube Wealth has The Triangle Strategy.
The Triangle Strategy Followed by Cube Wealth
The base of the triangle is the Cube Wealth app, which is an automated investment platform. It helps investors get easy access and analysis to all the asset classes in their existing portfolio, in one place.
In the digital era, when it comes to investment, the human element is important.
And Cube Wealth have catered it through phone service teams, WhatsApp groups, as well as teams sitting in five different cities as of now.
Adding top-tier SEBI-registered advisors and RBI-registered asset providers that help guide every user on the right portfolio for their needs, cash flow, current investments, and risk appetite.
Cube Wealth – Competitors
There are applications like Paytm Money and ET money operating in the same market. But Cube Wealth is different from these competitors. The reason being these two companies mainly focusing on mutual funds and mostly catering to first-time investors.
The company raised USD 2 million in October 2018 in its Series A round from a handful of investors, including Singapore-headquartered venture fund Beenext, Japan-based Asuka Holding, and the US-based 500 Startups.
On june 1st 2020, it announced mid-series funding of $500,000 led by Satyen Kothari, founder of Cube Wealth. Other participants in this round include Singapore-based venture fund Beenext and Japan-based Asuka Holding.
Date
Stage
Amount
Investors
21st October 2018
Series A round
$2 million
Beenext, Asuka Holding and 500 Startups
1st June 2020
Mid Series
$500,000
Satyen Kothari, Beenext, Asuka Holding
The funds have been used to grow & scale the company in India’s top cities like – Mumbai, Bengaluru, Hyderabad, Chennai, and Pune—and also expand to Europe and America to tap the Non-Resident Indians there.
Cube Wealth – Growth
Currently Cube Wealth has offices in Mumbai, Pune, Bangalore, Chennai & Hyderabad. Cube has effectively simplified and automated the lives of members across 26 cities and 5 countries in their journey of wealth creation and management.
Cube Wealth is trusted by many senior professionals from companies like Google, Amazon, Microsoft, IBM, Deloitte, KPMG, & many more.
They have partnered with top wealth advisors in the country like Purnartha, Wealth First, Ambit, Alchemy, Motilal & Oswal among others.
Cube Wealth – Future Plans
The company currently curates 17 investment options for its users, who can start investing with as little as INR 15,000 (USD 200) to as high as a few crores (one crore is 10 million rupees, or about USD 150,000).
The investment portfolio on Cube Wealth’s mobile app includes mutual funds, stocks, equity, and peer-to-peer (P2P) investments, among others. Recently, the company has also made stocks listed in the US and other countries, such as Apple, Microsoft, Starbucks, and a few others, available for Indian investors who can put a maximum of USD 250,000 into non-Indian stocks every year.
In the near future, they plan to monitor & add more efficient investment products to help users have a complete portfolio.
Cube Wealth is a digital wealth management service provider that offers busy professionals investment options through its app along with expert advice to achieve their investment goals.
Is Cube Wealth app safe?
The Cube Wealth app is safe and reliable for mutual fund investments.
Is Cube Wealth free?
There are no additional fees to invest in P2P lending through Cube.
Who is the founder of Cube Wealth?
Satyen Kothari is the Founder and CEO of Cube Wealth.
What is the cube wealth charges?
Cube wealth charges 1% transaction fee from retail investors and 2% from institutional investors on the loan amount disbursed.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byCreditMantri.
Credit scores are used by insurers to determine premiums for auto and home insurance. They are used by landlords to determine who is eligible to rent their units. Who gets the finest cell phone plans and who has to put down larger deposits for utilities is determined by credit scores. In other words, credit ratings are a financial instrument, but their effectiveness as a lever or a hammer relies on how excellent they are.
Credit scores affect whether or not you are eligible for loans and the interest rates you will be paying. One’s credit ratings influence far more than the kind of loans one can acquire and the interest rates they pay. People can get a credit score assessment and a credit improvement program from CreditMantri. It educates clients about their credit history and uses that information to improve or enhance their probability of getting a loan or credit card.
As of March 2017, Quona Capital and others contributed $7.6 million to CreditMantri. According to CreditMantri, the investment round was headed by Accion Frontier Inclusion Fund, managed by Quona Capital, with participation from Newid Capital and current investors Elevar Equity, IDG Partners, and Accion Venture Lab.
According to Ranjit Punja, co-founder and chief executive officer, the funds will be used to acquire new customers, invest in the technological platform, develop new products, and increase the staff.
About CreditMantri and How it Works?
CreditMantri, situated in Chennai, India, is a digital credit facilitator. The objective is to use technologies and digital means to empower borrowers and lenders alike, allowing them to make more informed credit-regarding decision making.
CreditMantri is a credit facilitation platform that assists consumers in making borrowing decisions. Consumers can examine and evaluate their credit potential, apply for loans, and make optimal credit decisions using the company’s credit facilitation platform, which provides free credit health analysis for easing borrowing decisions.
Individuals are given a strategy to improve their credit score and record, and the company works with them to enhance their loan/credit card eligibility and lower their EMI expenses. It also assists people in obtaining their CIBIL report, providing a credit scan, and conducting analysis, and providing a credit health report.
CreditMantri’ s services for clients with little or no credit history, as well as those with bad credit, are distinctive in that they help customers establish or recover their credit history. Most importantly, CreditMantri connects these consumers with the proper financial product lines depending on their credit score in the process.
CreditMantri provides a variety of lender-specific solutions, including:
Credit items are listed on a marketplace.
Solutions that allow lenders to offer products to people who have never had credit before by allowing rapid credit decisions based on other data.
Services for Verification
CreditMantri collaborates with more than 50 lenders and offers more than 50 loan products and services.
CreditMantri – Name, Logo and Tagline
CreditMantri’ s Company Logo
The company description says, “When data sciences, technology and financial services veterans come together, it creates an opportunity to bring out change.”
CreditMantri – Founders and History
CreditMantri was founded in 2012 by former bankers Ranjit Punja, Gowri Mukherjee, and R. Sudarshan to increase access to financial services for India’s low-income people.
CreditMantri’s Founders – Ranjit Punja, Gowri Mukherjee, and R. Sudarshan
“A lot of consumers are not even aware of what their credit report looks like,” says CreditMantri co-founder Gowri Mukherjee. She explains how the company uses not only information from credit bureaus and banks, but also government records and “user-generated data” — social media, SMS data, calling records — to help their customers present a more detailed and robust account of their creditworthiness. “The neutral credit segment, which has never borrowed before and for whom data in the bureau is very shallow, actually has the most benefit,” she says.
Gowri Mukherjee, an experienced financial services worker, considers her work both personally and professionally rewarding.
“The number of users who have genuinely grasped where they stand in terms of their credit profile has been the most rewarding thing for me,” she says.
Millions of people in India’s fast-rising economy have little or no experience with official credit intermediaries, making it nearly hard for them to obtain loans because they have no credit history. CreditMantri, a Chennai-based business, has developed a proprietary algorithm that incorporates additional data sources to create more comprehensive credit profiles.
The expansion of credit bureaus such as TransUnion, Equifax, Experian, and CRIF High Mark about a decade ago helped to foster a healthy credit culture, but it also resulted in the exclusion of many people due to low credit or previous defaults. Unja sought to assist those who had been neglected. The start-up got $2.5 million under series A funding in May 2015 from Elevar Equity, IDG Ventures and Accion Ventures.
“We provided the credit score for free,” Punja claims. The free service proved to be a huge hit. “It was a big turning point in the company’s journey,” he says.
Over the last eighteen months, CreditMantri has delivered a number of first-to-market services:
Credit history as well as score analysis online, with support for multiple bureau forms
An online problem-solving tool for resolving outstanding debts and concerns with problematic lending accounts.
Using a variety of data sources to enhance a user’s credit profile
A real-time rule engine that compares lender credit criteria to borrower credit profiles in real time.
CreditMantri is the 1st company in the industry to offer a Free Credit Health Check Online, which includes retrieving the user’s credit report and offering an online analysis. CreditMantri’ s goal is to put people in control of their credit decisions. The diversified team consisting of 50+ people, which has extensive experience in financial services in the credit, collections, and digital sectors, is focusing its efforts on meeting the demands of lenders and borrowers with various credit histories and risk appetites.
CreditMantri aspires to change the way people think about credit by providing them with transparent and accountable lending solutions. Everything the company does is based on its core values. Only when users perceive the value given have they become actual enablers.
Company’ s Core Beliefs :
Improvements in technology and analytics, according to the company, should benefit consumers by assisting them in making educated decisions and providing them with more options.
Only when people perceive the value given will the corporation become actual facilitators. As a result, it focuses on providing services and solutions that are tailored to meet genuine market demands.
The most expensive form of credit is none at all.
The company’s goal is to make basic, straightforward financial products available to help people improve their lives.
CreditMantri – Business Model
The company’s web portal allows both borrowers and lenders to make better credit judgments. The CreditMantri business model is based on financial institutions paying CreditMantri a commission when a loan is approved for a customer. Getting new clients is the company’s biggest difficulty.
The business model has grown to accommodate a wide range of consumers, from “first-time credit searchers” to “credit challenged” and “credit healthy” individuals. This fintech company currently serves over 10.5 M people and provides access to over 3,000 data points.
The business model has evolved to make credit more accessible to everyone. CreditMantri provides real-time credit decisions to banks and NBFCs. The firm employs both classic and nontraditional data sources. CreditMantri also offers ‘new to credit bureau’ and existing borrowers loans and credit cards based on alternative data sources. The free credit bureau score is a good place to start. “A lot of our consumers come to us for a free score,” Punja explains.
CreditMantri also offers a credit gateway or B2B profiling solution for businesses interested in credit profiling data, such as insurance, brokerage, and furniture rental organizations.
CreditMantri examines a customer’s credit history over the previous 36 months in order to form a reliable financial assessment of their creditworthiness. CreditMantri has deals in place with Equifax, a credit reporting service based in the United States, as well as Indian financial institutions such as ICICI Bank and DCB Bank.
Its platform is used by over 55 lenders, including major public, private, and foreign banks and NBFCs, to source customers and engage in the resolution of prior debts. Some of its big partners include Bajaj Finance, Mannapuram, HDFC Bank, ICICI Bank, Chola Mandalam, Axis Bank, Tata Capital, and others. CreditMantri then assists the user in improving their credit score by recommending loans and credit cards that are appropriate for their needs and lowering borrowing expenses.
CreditMantri – Funding and Investors
The CreditMantri funding is as follows:
Date
Round
Amount
Lead Investors
May 18, 2020
Venture Round
₹60M
—
Jan 1, 2019
Debt Financing
–
Trifecta Capital Advisors
Feb 28, 2017
Series B
₹514M
Quona Capital
Jun 26, 2015
Series A
$2.5M
—
CreditMantri – Competitors
BankBazaar, Maveric Systems Limited, KredX, SysArc Infomatix Pvt Ltd, Credit Karma, WeCash, CreditVidya, IndiaLends, and Credit Sudhaar are CreditMantri’ s main competitors.
CreditMantri – Challenges Faced
Someone with a poor credit score, often known as thin file credit, may be unable to get credit services such as loans or credit cards. Understanding the factors that influence a credit score is necessary for improving it. CreditMantri assists Indians in taking control of their credit health and making more informed borrowing decisions. People can take actions to enhance their creditworthiness and access financial possibilities that were previously inaccessible to them once they understand their creditworthiness.
Getting new clients is the company’s biggest challenge. Furthermore, moving credit scoring power from credit bureaus to customers necessitates education of those at the bottom of the pyramid.
“In the past two years, we have tripled our revenues,” says Punja, without disclosing numbers. The business faces challenges in terms of government’s stance on utilisation of data and the future regulatory framework. “We maintain a very higher standard, but we do think about how things (data use regulations) will play out,” says Punja.
Banks that are digitizing and using artificial intelligence and machine learning to generate better scoring models, according to experts, will compete with the corporation. Similarly, credit bureaus are developing new services to meet the needs of their customers.
Ranjit Punja, the 49-year-old Founder and CEO of CreditMantri in Chennai, is unlike many other Fintech entrepreneurs. He worked for Citibank for for two decades before succumbing to the entrepreneur itch. R. Sudarshan, Chief Operating Officer, and Gowri Mukherjee, Chief Marketing Officer, are the other two co-founders.
In 2012, the trio started their business by providing credit improvement services, or assisting borrowers in improving their credit scores so that they could obtain credit from banks and non-bank finance providers. Punja explains, “The objective was to aid folks who are credit challenge,” which according to her is still the same.
“We aim to make credit more accessible to everyone,” Punja explains. CreditMantri can assist someone who wishes to increase his credit score. Consumers with a poor credit history or low credit ratings can obtain aid online and connect with lenders to erase their debts. This enables credit-challenged individuals to receive assistance in improving their credit history, after which banks and financial organizations are willing to lend to them.
CreditMantri – FAQs
When was CreditMantri founded?
CreditMantri was founded in 2012.
Who founded CreditMantri?
CreditMantri was founded in 2012 by former bankers Ranjit Punja, Gowri Mukherjee, and R. Sudarshan to increase access to financial services for India’s low-income people.
Is CreditMantri Safe?
Yes, CreditMantri is a reliable website.
How does CreditMantri make money?
The business model is based on financial institutions paying CreditMantri a commission when a loan is approved for a CreditMantri customer. Getting new clients is the company’s biggest difficulty.
Which companies do CreditMantri compete with?
BankBazaar, Maveric Systems Limited, SysArc Infomatix Pvt Ltd, Credit Karma, WeCash, CreditVidya, IndiaLends, and Credit Sudhaar are CreditMantri’ s main competitors.
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 Gamerji.
With board games and outdoor games going out of the trend, the e-sport games took the world to a whole new playing experience. And with the advancements in technology like Artificial Intelligence and Virtual Reality, the online gaming experience keeps getting better than ever. And to provide a pro-level of e-sport gaming experience, Soham Thacker and Varun Gajjar launched Gamerji in 2019.
Gamerji is an Online Gaming Platform on Android and iOS devices. It has a unique feature of soliciting tournaments for popular e-sports games like PUBG, Clash Royale, Call of Duty, etc.
Gamerji is ane-sports tournament platformin India for gamers to compete, communicate, share content and win cash prizes by conducting more than 20 tournaments every day. It is a platform where gamers can leverage their gaming skills and make more from the hours spent. Gamerji aims at becoming the largest virtual e-sports platform in the country by 2021 and a place for all the gamers to come and make the most of their skills.
Once a user registers on the app they can join tournaments for an entry fee and get to compete with other gamers. Gamerji’s team moderates the tournaments for fair play and in the end, the winners are given cash prizes. You can sign up with Gamerji pro promo codes.
Gamerji E-Sport Tournament
Gaming Industry Details
The gaming industry is worth $1.5 Billion and India comprises a $160 Million gamer market to cater to. However, the gaming industry is fairly new in India and is growing at more than 38% annually. The industry will cross the $20 Billion mark in the next 5 years making it comparable to the likes of a real sport.
Gamerji – Founders and Team
The Founders of Gamerji are Soham Thacker & Varun Gajjar.
Soham Thacker, Founder, Gamerji
They met through social connections in the year 2014. Soham had recently moved from the US and was looking to build connections in the city. Varun at the time was the Marketing Head of his family-owned business of manufacturing water pumps. Soham & Varun decided to work on Fix Pocket- a service marketplace before deciding to work on Gamerji, the e-sports platform.
Soham Thacker: A Computer Engineer from the USA, Soham moved to India in 2012 after having worked for multinational companies such as SAP & Motorola. His most successful venture was Just Mexican- a fast food restaurant chain that grew from a food truck to 13 restaurants in 2 years. He successfully exited the venture in 2015.
Varun Gajjar: Varun was the sales & marketing head at La Gajjar Machineries which owns the brand Varuna Pumps – one of the most successful pump manufacturing companies in Gujarat, India established in 1935. Varun played a vital role in the merger of Varuna pumps with Kirloskar Oil Engines Pvt Ltd. in 2018.
“We are average gamers who never got a chance to play professionally or gain any benefits by playing online games. There are multiple e-sports tournaments hosted worldwide for pro-level gamers, but what about the 99.9% of the other casual gamers who still spend hours every day playing the same game?” Said the founders of Gamerji.
And this made them realize the gap and the potential of hosting virtual tournaments where these gamers get a chance to make a mark and also make money. Hence Gamerji was born.
Gamerji Team
Gamerji – Name, Tagline and Logo
The logic behind the name “Gamerji” is that gamers and gaming deserve respect like any other sports and athletes and hence the venture was named Gamerji.
GamerJi Logo
Gamerji – User Acquisition and Growth
Gamerji pro has launched with a tournament AirDrop 1.0 inviting pro-level gamers and hence generating immediate interest in the community. The interface, getting instant prize money and playing at convenience is what has attracted the users in the first place.
Gamerji – Business Model and Revenue Model
The Gamerji revenue is generated via League Joinings and Sponsored Leagues.
League Joinings: Once a user registers on the app they can join tournaments for an entry fee and get to compete with other gamers. A percentage of the joining amount is distributed as winnings and the rest is kept by Gamerji as platform fees.
Sponsored Leagues: Companies in order to to market their brand to the gaming audience can sponsor a tournament.
Gamerji has 300,000+ registered gamers on the platform with an average league joining fee of INR 25 per entry. The startup’s revenues is growing exponentially and Gamerji expects to generate more than INR 3 crore revenue by the end 2020. The Gamerji app is available to download on both the Play store and the App store.
One of the milestones that Gamerji faced was the trust placement of the consumers.
It is very important to build trust among the users for your platform, especially if they are paying customers.
In response to this, the team conducted certain free tournaments for users to get used to the platform and tried to convince them that payments are legitimately made by the platform.
Gamerji – Funding and Investors
In 2020, the Gamerji funding saw it raise $400k led by La Gajjar Group.
The startup will be using this fund for building the technology, increasing operations, and also for gaining users.
WorldGaming, UMG Gaming, and Playtonia are the Top competitors of Gamerji.
GamingMonk, Flixy Games, NODWIN Gaming, PokerDangal, Mech Mocha, Octro, Dream11 and more in the Gaming Sector also poses significant competition to Gamerji
The awards and recognition gained by Gamerji are as follows:
Selected as the only company from India for Qatar Sports Tech program
Top 100 Startups by Startup Istanbul
Top 28 Startups by India Fund Fest
Gamerji – Future Plans
Gamerji is currently operating with 300K+ gamers on the platform from across India. Gamerji has conducted more than 3200 tournaments in the last 6 months and plans to hit a million user mark by 2020.
Gamerji – FAQs
What is Gamerji?
Gamerji is an e-sports tournament platform in India for gamers to compete, communicate, share content and win cash prizes by conducting more than 20 tournaments every day
Who are the Founders of Gamerji?
The Founders of Gamerji are Soham Thacker & Varun Gajjar
Is Gamerji Safe?
All information gathered on Gamerji is securely stored within the controlled database. These safeguards vary depending upon the sensitivity of the information collected and stored
How does Gamerji make money?
Gamerji generates its revenue via League Joinings and Sponsored Leagues. Gamerji has 300,000+ registered gamers on the platform with an average league joining fee of Rs 25 per entry.
Who are the Top Competitors of Gamerji?
WorldGaming, UMG Gaming, and Playtonia are the Top competitors of Gamerji.
Machine Learning and Deep Learning concepts have become one of the sought-after skills required by a student in the industry. The role has seen an increased demand and recently even ISRO had introduced a free programme for students and professionals to enroll in the programme. In this article let’s look at the machine learning programme introduced by Amazon India.
Amazon India has announced that it would launch a Machine Learning programme which will be a summer school. The programme aims to focus on making students ready according to the industry requirements. The company has conveyed that the programme will be conducted free of cost and the applications for the summer school programme were announced to begin on 14 June 2021.
About the Machine Learning Summer School programme
The free Machine Learning programme conducted by Amazon India will be a virtual programme and the virtual programme will be conducted from 9 July 2021 to 11 July 2021. The course would begin at 9.00 am and would end by 6.00 pm.
The programme will also have an interactive Question and answer session where the doubts of the candidates will be answered and clarified. Amazon India has conveyed that their Machine Learning Summer School is designed in order to impact the core machine learning skills which help the students by making them ready according to the industry requirements.
The participants of the programme will also have the opportunity in being able to explore the machine learning skills with the expert scientists of Amazon.
Rajeev Rastogi who is the VP of India Machine Learning at Amazon conveyed that the aim of the course is to prepare the students for science course which will help them in reducing the gap between the growing demand for the machine learning roles across the companies and the talent pool with the required amount of machine learning skills.
The company also conveyed that the Machine Learning Summer School which was launched on 13 June 2021 will be launched every year.
Who can Apply for Machine Learning Summer School programme?
The Virtual Summer School for Machine Learning is mainly meant for Engineering students who have enrolled for Bachelor’s, Master’s or for PhD programmes and are expected to graduate by 2022 or 2023. The programme will concentrate on students from these Universities in India:
IIT Roorkee.
IIT Guwahati.
National Institute of Technology (NIT) Tiruchirappalli.
NIT Surathkal.
NIT Warangal.
Anna University.
Delhi Technological University (DTU).
IIT Kanpur.
Indian Institute of Science (IISc).
IIT Banaras Hindu University (BHU).
International Institute of Information Technology (IIIT) Hyderabad.
IIT Bangalore.
Indraprastha Institute of Information Technology Delhi.
Selection Process for Machine Learning Summer School programme
The interested students will have to check the eligibility criteria and those who are eligible will have to apply through the official website before 25 June 2021. There will be a selection test for the duration of 45 minutes and based on the performance of the test the eligible students will be admitted into the Virtual Machine Learning Summer School.
You can register for Virtual Machine Learning Summer School course on Amazon summer school India website
The part A will consist of 25 multiple choice questions which will cover the basic machine learning concepts and fundamentals on math topics such as statistics, probability and linear algebra. Part B will cover two programming-based questions.
Curriculum of the Machine Learning Summer School programme
The curriculum of machine learning summer school will cover the fundamentals of machine learning which will link them to the practical applications in the industry through a course duration of three days. The students will also get to learn about Deep learning and the course will also cover concepts about Probabilistic Graphical models which will help in solving e-commerce industry specific business problems.
Conclusion
The problems include demand forecasting, catalogue quality, product recommendations, search ranking and online advertising. Amazon India will shortlist the students from their partnered universities with the results based on online assessments. The candidates will be able to get access to virtual tutorials and Amazon research conferences.
FAQ
What is the curriculum of amazon machine learning summer school programme?
The curriculum of Amazon machine learning summer school will cover the fundamentals of machine learning which will link them to the practical applications in the industry through a course duration of three days.
What is the last date of Amazon machine learning summer school?
The interested students will have to apply through the official website before 25 June 2021.
Is the Amazon machine learning summer school free?
Yes the machine learning summer school is free for students and this programme is mainly meant for Engineering students who have enrolled for Bachelor’s, Master’s or for PhD programme and are expected to graduate by 2022 or 2023.
Shreya Mishra is an Indian Entrepreneur, who co-founded an online fashion rental store, Flyrobe in 2015. She is currently the Founder & CEO of SolarSquare Energy and was co-founder of Mumbai-based Flyrobe. Her company reported a revenue of $2 million in 2018. She participated as a Speaker in the VCCIRCLE Startup Summit 2017 on 15 February 2017 held in Mumbai. She made an exit from her fashion rental startup in 2019. Thereafter, she founded SolarSquare Energy, where she currently serves as CEO for SME (Small and Medium-sized enterprises).
Former CEO & Co-founder, Flyrobe; CEO for SME at SolarSquare Energy
Shreya Mishra- Personal Life
Shreya Mishra was raised in a family of IAS officers and lawyers. She never thought that she would enter the world of business. However, her passion for following trendy fashion led her to decode the void in the fashion rental space. She explored this specific area and established her fashion startup in 2015.
Shreya Mishra- Education
Shreya completed her formal education from Carmel Convent Sr. Sec School, Bhopal. She further completed her graduation from the Indian Institute of Technology, Bombay with a B.Tech and M.Tech degree in Mechanical Engineering in 2012.
Along with her education, Shreya was a part of many organizations. She was a Core Group Member for Competitions at Mood Indigo, Annual Cultural Festival of IIT Bombay, Fourth Wall, Dramatics Club of IIT Bombay.
She also worked as a Summer Intern at Procter & Gamble Company from May 2010 to June 2010. She was a Campus Ambassador for the organization “Teach For India” from July 2010 to 2011. Her internship journey continued with Accenture, where she gained experience as a Summer Intern from May 2011 to July 2011.
Shreya Mishra- Professional Life
After completing her education, she worked as an Associate for The Boston Consulting Group for two years (September 2012 to June 2014). Post which she worked as an analyst at private equity venture Everstone Capital for ten months (June 2014 to March 2015).
She launched Flyrobe in September 2015 with two of her fellow IIT batchmates. She made an exit from her rental fashion firm in June 2019. Currently, she is the Entrepreneur at SolarSquare Energy. Before founding her present venture, she successfully completed 7 past jobs.
Shreya Mishra is currently serving as the CEO for SME & Residential Solar at SolarSquare Energy. The company was established in December 2019. The company is based in Mumbai, Maharashtra, India. She aims to make a difference in India’s energy sector by promoting energy independence and reliability via distributed generation methods of clean power generation.
SolarSquare Energy is a venture that drives mass adoption of rooftop solar in India. It is basically a solar power producer working on the distributed generation model. The company offers its services to businesses, social institutions, and large residential complexes and aids them to go solar by providing turnkey support like investment, design, build, operate & maintain the solar power plant. SolarSquare Energy works with the vision of making clean energy affordable and accessible.
Shreya Mishra- Flyrobe
Shreya served as the Co-founder and CEO at Flyrobe since July 2015 and ended her position in June 2019. Flyrobe is a highly demanded apparel rental platform that offers premium designer wear. It is one of India’s largest online fashion rental services.
Shreya co-founded Flyrobe with two of her IIT Bombay friends, Tushar Saxena who serves as the Co-founder and CTO at the company, and Pranay Surana who serves as the Co-founder and COO at Flyrobe.
The parent company Omapal Technologies Private Limited incubated Flyrobe and launched the fashion startup on 31 October 2015. The fashion venture also collaborated with Rent It Bae!
Shreya did a personal investment in Flyrobe on 6 September 2018. This Series B investment was valued at Rs. 264 million. It has raised funding of over $7 million from IDG Ventures, Sequoia Capital, PayTM, and several existing angel investors. After serving for around four years, she made exit from Flyrobe in 2019.
Shreya’s initial experience as an analyst gave her insights into the market. She used to follow fashion trends and found a big void in the fashion apparel rental space. She thus came forward with the idea of launching Flyrobe that would let people rent trendy, fashionable clothes at a fraction of the retail price. The company is primarily popular for wedding fashions.
The business did really well in the US and China. However, it displayed a lack of audience base in India. This is because of the Indian mentality of not wearing “used” clothes. But, today a lot of things have changed in India along with this thinking as well. Many People do search for such ventures to rent fashionable clothes, that is all the way offered to them at a reasonable price through Flyrobe.
Shreya has been recognized in the list of Entrepreneur Magazine 35 under 35 (January 2018).
She was listed in the Forbes 30 under 30 Asia (October 2017).
Her work has been recognized in Bloomberg 50 most promising startups in the world (March 2017).
She was recognized in the CNBC 20 under 40 Asia (January 2017).
She elegantly represented India as a delegate at the Open Minds Start-up expo, San-Francisco conducted by NCIIA(January 2012).
She was honored as an International delegate at Stanford University’s E-Bootcamp (January 2012).
She was the Winner, Eureka! of Asia’s largest business plan contest held at Entrepreneurship Cell, IIT Bombay (January 2012) among 3,600 entries pan-India.
She received Young Innovator Award from Villgro (January 2011).
She was the Winner in Ideas for India Challenge conducted by ITC Classmate among 60,000 entries pan-India (January 2010).
Endnote
Shreya Mishra is presently working as the CEO of SolarSquare Energy. The company aims to transform India’s energy sector by promoting energy independence and reliability through a distributed generation method of clean energy generation. Shreya shows strong leadership and perseverance skills in all her venture that has led her to feature in Forbes 30 under 30 Asia. She is an inspiration to many young entrepreneurs and to all young girls who are looking at her as a role model. We hope to see many more woman entrepreneurs and leaders like Shreya Mishra in the future.
Shreya Mishra- FAQ’s
Who is Shreya Mishra?
Shreya Mishra is an Indian Entrepreneur, who co-founded an online fashion rental store, Flyrobe in 2015. She is currently the Founder & CEO of SolarSquare Energy and was co-founder of Mumbai-based Flyrobe.
What is her Education?
She completed her graduation from the Indian Institute of Technology, Bombay with a BTech and MTech degree in Mechanical Engineering in 2012.
What is Flyrobe?
Flyrobe is a highly demanded apparel rental platform that offers premium designer wear. It is one of India’s largest online fashion rental services.
What is she currently doing?
Shreya Mishra is currently serving as the CEO for SME & Residential Solar at SolarSquare Energy. The company was established in December 2019. The company is based in Mumbai, Maharashtra, India.
Is she involved with Flyrobe now?
She made an exit from her fashion rental startup in 2019, after serving for around four years,. Thereafter, she founded SolarSquare Energy, where she currently serves as CEO for SME (Small and Medium-sized enterprises).
What is SolarSquare Energy?
SolarSquare Energy is a venture that drives mass adoption of rooftop solar in India. It is basically a solar power producer working on the distributed generation model.
Gold is considered to be a safe haven for the majority of the Indian community and the households would consider investing in Gold and prefer investing in the yellow metal than any other asset class. The Indian households consider it to be the safest form of investment and using the jewellery gives them a pride in the society. Gold is much more than an investment option for an Indian household. In this article let’s look at the new gold hallmarking guidelines.
The Union Ministry or the consumer affairs, food and public distribution had conveyed on 16 June 2021 that Hallmarking on gold jewelry and other related items is going to be mandatory from the proposed date.
It is conveyed that the ministry had also issued particular guidelines in regards to hallmarking based on a lot of consultations with the stakeholders. The Government of India has passed on the message that the initial implementation of the guidelines will be a phase wise plan covering around 256 districts as part of the plan.
Piyush Goyal who is the Union Minister of India had conveyed through Twitter that mandatory hallmarking in 256 districts will be implemented from the date of 16 June 2021 as a part of continuing the Government’s plan to try and achieve better protection and satisfaction for the customers.
What are the new Gold Hallmarking Guidelines?
According to the new guidelines laid down by the Government, the jewelers who have an annual turnover of up to INR 40 lakh will be exempted from the hallmarking rule that is mandatory.
The release had conveyed the message that hallmarking would be initially started with 256 districts of the country. The 256 districts are said to have marking centers. The release also added that the jewellers who have a turnover of up to INR 40 lakh will be exempted from the mandatory hallmarking.
The release also conveyed that there will be an exemption for the jewelries such as export and re-import of jewellery as per the Trade Policy of Government of India – Jewelry for Government, Approved B2B domestic exhibitions and jewelry for international trade exhibitions from mandatory hallmarking.
The ministry conveyed that Gold of additional carats such as 20, 23 and 24 will be allowed for hallmarking. Consumer items such as watches, fountain pens and other special types of jewelries such as Kundan, Polki and Jadau will be exempted from the hallmarking.
The Government has conveyed that in a move to provide an additional set of time to the manufacturers, wholesalers and retailers of gold jewelry there would not be any penalties implemented until the end of August 2021. Jewelers will be able to buy back the old jewellery from the customers that do not have a hallmark.
The old jewelry can be hallmarked by the jewelers as it is if that is possible by the jeweler or they can melt it and then get it hallmarked.
Under the Hallmarking scheme of the Bureau of India standards (BIS), the jewelers are registered in order to sell the hallmarked jewellery and recognize testing and hallmarking centers. The BIS hallmarking regulations were implemented from the date 14 June 2018.
Hallmarking will enable and help the consumers to make the right choice while buying a jewellery and will also help in saving them from any sort of unnecessary confusion while buying gold. The ministry had conveyed that as of now only around 30% of the Indian gold jewelry is hallmarked.
This step is expected to make India as a leading gold market center in the world and hallmarking of jewellery and artifacts is necessary to enhance the credibility of Gold jewellery and the satisfaction of customers through the assurance of a third party for the marked purity or fitness of gold for consumer protection.
Hallmarking centers in India
It is to be seen that there is an increase in the number of Assaying and hallmarking centers in the country of up to 25 % and the ministry added that the number of the AH centers have increased from a count of 495 to 945 in the period of last 5 years.
The ministry added that as of now there are around 940 active Assaying and hallmarking centers and in that around 84 AHCs are set up by the subsidy scheme that was provided by the Government in various districts.
The assaying and Hallmarking centers has the capacity to mark around 1500 articles on a daily basis and the Government has conveyed that the AHCs has the capacity to hallmark around 14 crore articles on a yearly basis.
The consumers who possess the old jewellery will not have to be worried regarding the new hallmarking guidelines. The newly issued guidelines are only for sellers and not the individual owners or the retail owners of the jewelry.
The objective of the Government is to increase the credibility and the quality of the Gold purchases. The Government has conveyed that they would be forming a committee that will represent all stakeholders, revenue officials and legal experts in order to into the various problems that may possibly come into effect during the implementation of the scheme.
Conclusion
This move from India will be recognized in the world market and the country would be recognized in the global market. India has around 4 lakh jewelers according to the World Gold Council and out of these only 35,879 jewelers have been BIS certified.
FAQ
Which Hallmark is used in gold?
The BIS hallmark is used for gold hallmarking in India. It certifies that the piece of jewellery conforms to a set of standards laid by the Bureau of Indian Standards, the national standards organization of India.
What is the meaning of Hallmark Gold?
Hallmark gold is nothing but the certified gold. The Bureau of Indian Standards (BIS) stamp a certificate of purity and fineness of gold which is called as hallmarking.
How can you tell if gold is Hallmark?
Check the hallmark sign that consists – The BIS (Bureau of Indian Standards) mark denoted by a triangle, the caratage (22K915) showing the purity, the mark of the jeweller and that of the AHC and year of hallmarking.
When it comes to running a business, churn rate is one important aspect. This refers to those once-loyal customers who have now stopped doing business with you, for whatever reason, usually pertaining to dissatisfaction with your customer service. If you want to keep your customers and maintain positive and good ranking with your business, then you’ve got to address churn rate and keep it as low as possible.
Churn rate is a very important metric for you to be so cautious about, for the very reason that it costs so much for once-loyal customers who once were pleased with you to stop doing business with you. When you lose these clients, it means you’re losing the profit that they would’ve brought for your business. Then, along with losing that profit, now you’ve got to double-time with your marketing, so you can gain new loyal customers in place of those who left.
With that said, here are proven tactics on how you can achieve a lower churn rate:
1. Reach Out To Your Customers
Reaching out to your customers mean asking for their insights on their feedback about your company. Is there anything about your business that your customers are dissatisfied about? Being that poor customer service is the top most reason for high customer churn rate, when you reach out to them, you can ensure that whatever it is that’s keeping them dissatisfied, you’re able to address and solve effectively.
Typically, the response of customers when you reach out to them is going to be positive. This doesn’t necessarily mean good comments all the time, but they’re more than willing to give their honest insights so you can improve. Once you’re able to achieve these changes and make it operative, you’ll find a significant decrease in your churn rate.
Plus, gaining insight from your customers is now easier than it has ever been before with features on your website, apps, and software like forms, feedback lists, and a feature request tool, among others.
2. Provide Additional Services To Your Customers
Yes, you may have excellent products and services, but if your customers aren’t able to make full good use out of these, then the tendency is that your churn rate is still going to be high. Because your customers don’t know what to do with your products and services, they might find it ineffective when in fact, they just didn’t have the assistance needed to be able to use those products and services to its fullest—and accurately, at that.
So if you haven’t already been doing, it’s a good idea also to provide additional services to your customers. For instance, you’re releasing a new product or service. Don’t just stop there. Make it a part of your customer service as well to provide tutorials and tips, a guide, or a public roadmap, for instance, by using those specific tools.
When you do this, your customers will now know how to make good and full use of your products and services and, therefore, be more attuned with staying with your company and continue being loyal patrons of the products they’ve been buying regularly from you.
3. Analyze Why Churn Happens In Your Company
Apart from reaching out to your customers, you’ve also got to understand why you think churn happens in your company. This is a very important step for you to undertake as there’s never a one-size-fits-all approach to customer churn. This means that customer churn can happen for so many reasons, depending on the respective weaknesses and flaws that you may have as a company.
Typically, however, some of the common reasons for customer churns are around the likes of the following:
Lack Of, Poor, Or Zero Engagement:This is usually characterized by factors like while your products may be used and patronized, it’s not done so as frequently as it should be or that your customers aren’t making the full use of patronizing your products and services.
High Product Bugginess: This happens to those businesses who are in the tech industry, whereby their software and other products are always usually laden with bugs. Customers who depend on your products and services for a smooth flow in their operations don’t like it when they’ve got to deal with regular bugs in your tools or services.
Lack Of Proactive Support: This is a common characteristic as well of poor customer service, which means that customers aren’t being given the support that they need when they start to experience troubles with your products and services, particularly when trying to access your e-commerce website.
4. Identify ‘At-Risk’ Customers
Identifying the ‘at-risk’ customers means you’re able to successfully brand or label those customers whom needs your attention the most, as they’re at the highest risk of leaving your company in favor of another.
This is a proactive approach that can enable you to not just lower your churn rate but also avoid churn from happening again in the future. Remember that not all customers are equal and alike. There are those who are more highly likely to leave than others are. It’s to your advantage to know who these are so you can balance out, reach out to them, and do all that you can in your campaigns and customer service to make those customers stay.
With technology and data easily available to businesses today, identifying who these at-risk customers are is easy. Focus on those who haven’t contacted you back after asking for a quote of certain products and services that you may be offering.
Conclusion
In running your business, you’ve got to be able to understand that preventing customer churn is the way to improving your business revenue. This is one of the most important metrics that should give you insights on your overall performance as a business. If you find that your churn rate is high, then it should also serve as motivation for you to do all that you can to lower this metric. The lower your churn rate, the higher the likelihood that your business is going to improve well, especially profit-wise.
The tips in this article should help you effectively lower your business’s churn rate. But don’t just stop there. Once you’ve already lowered it, be sure to keep it that way so you won’t have to keep scrambling with worry about losing loyal customers left and right again and again.
You’re perplexed as to why your competitors’ advertisements appear so regularly in your social media feeds What are their game plans? First and foremost, we all want to be one step ahead of our competitors. When you launch/initiate a fantastic product/offer and don’t get the expected results, it’s heartbreaking. Your advertisement will only reach a small number of people. Even after ensuring the greatest possible standard of quality.
You’ll have to rely on some web advertising promotions now. But, what exactly do they do? First and foremost, people look at your local advertisements. Analyzing your opponent to learn about their strengths and weaknesses isn’t a new concept. Taking use of what has previously been demonstrated to be effective.
But how do they conduct their research? Isn’t it a lot of work with the appropriate concept knowledge? Everything has a technological solution. For that, we have a fantastic market landscape that has formed. SPY ON ADVERTISE!
Compare this to the hashtags you use on Instagram for a hint. Although adspying is a completely different world, this comparison will get you to click.
AdSpy displays the advertiser’s name and provides access to the ad copy, URL, and landing page. It provides you with access to all of the information found on the real ad; The number of likes and comments the ad has received, as well as the demographics of its target group
How do Ad Spying Tools work?
Ad spy tools are pieces of software that allow users to see what happens behind the scenes of successful ad campaign. Please provide the measurements that worked best. And there you have it! Allows you to use the same strategy for your ad campaigns and achieve guaranteed results.
It also gives you access to market backdrop and helps you comprehend the strategies of a constantly changing platform where precise targeting may make a big difference. Ad spy tools allow you to observe how your own brand, competitors, and other businesses spend money on advertisements and which techniques appear to be the most successful.
Ad spy software gives you the information you need to gain a competitive advantage.
If you’re wondering if any of your competitors are spying on you using one of the Ad intelligence programs, the answer is yes. It’s past time for you to repay them.
1. Once you’ve finished the signup process, you can search for ads in Ad info.
2. As an illustration I searched for cakes and received a lot of results after selecting ‘India’ from the nation language options and setting the date/time period to ‘7 days’. This is a simple and quick process.
You have complete control over your requirements and can change them as needed.
I searched for advertising that are coming up on Facebook in the example above, but you may search on other social media as well. You have complete control over the platform you use.
3. After receiving a room full of adverts, you may now select any advertisement from the list and track it. You’ll see a graph depicting the amount of people contacted by the advertisement as well as the date.
4. You’ll obtain a chart analysis this way. It is well-written, well-researched, and visually appealing.
Some Effective and Reliable Ad Spying Tools
AdSpyder
AdSpyder- Ad Spying Tool
Adspyder is one of the most popular Saas-based ad intelligence tools that you can opt for to revamp your marketing strategy. It is a cloud-based Ad spying tool that has a wide range of solutions like Facebook ad spyer, Google ad spyer, ads intelligence, and more to elevate your brand’s potential for growth with the help of effective ad data.
Adspyder boasts of a sizeable amount of searchable database of Facebook and Instagram ads. With the varied search options that this tool provides marketers can simply rest assured of spying on their competitors while innovating with their marketing plans and implementing them accordingly. Furthermore, Adspyder also comes with a 7-day free trial before you subscribe to the premium pack.
Highlights: Adspyder offers a vast database for Facebook and Instagram ads along with other ads spyer. Also, it offers Ad Intelligence, Top Ads, Ad Tracking, Ad Search Terms, and Native Ad solutions.
Ad channels: Facebook, Google, YouTube, Instagram, Yahoo, Bing, Pinterest, and other shopping ads spying options.
Price: There is the free trial version that comes free of cost, which is followed by the paid versions. Among the premium versions, there are the Basic, Premium, and Pro packages that cost $49, $99, and $249 per month respectively.
Bigspy
BigSpy Ad Spying Tool
BigSpy is ideal for beginners for two reasons: it is free and user-friendly. This ad spy tool allows you to search for a specific market group using marketing objectives, CTAs, and creatives.
BigSpy may be too easy for its own good when compared to commercial ad spy programmes because it lacks in-depth statistics and analysis. However, for data nerds, it necessitates independent investigation, therefore the glass is half full!
Highlights: 650 million advertisements, top charts, featured advertising, and the “heat” statistic. Ad channels: Facebook, Twitter, Google, Pinterest, Instagram, Yahoo, YouTube, Admob Price: Start from 0 (free) Live support: yes
BigSpy Ads Spying Tool
Moat
If BigSpy doesn’t whet your appetite (see what I did there? ), try the world’s largest digital-ad search engine. Moat specialises in locating ad creatives for a specific brand. You can use it to come up with new ad placement ideas or simply to remain ahead of the competition.
Each entry includes information on the dimensions of a certain creative as well as the time period during which the ad was live. Viewability, brand safety, measurable impressions, and more are all available through Moat!
The Best AdSpy Tools for SEO purpose
It is impossible to overestimate the significance of search engine optimization . This is something we’re all familiar with. As a result, numerous firms (hopefully yours included) invest a significant amount of time, money, and effort into growing their internet presence organically.
You’ve probably heard of SEMRush if you’re familiar with the term search engine optimization. This platform, which bills itself as an all-in-one marketing solution for digital marketers, has become synonymous with website optimization. It can, however, be employed as an effective ad intelligence tool.
Competitive Intelligence is an add-on to SEMRush, which means it is available in addition to the main SEMRush service membership levels. It allows advertisers and publishers to learn about their competitors’ strategies.
SpyFu
SpyFu- Ad Spying Tool
SpyFu is similar to SEMRush in that it compares domains based on keywords, organic SERP traffic, and ad versions. It has been named one of the Top 50 Marketing Products for 2020. The platform’s biggest drawback is that it only collects data from bespoke domains, requiring an additional technological solution to obtain data from your competitors’ social media networks.
Conclusion
As you can see, there are a plethora of adSpying tools available online to help you uncover the deals and promotions of your competitors. Testing them all out for yourself is the only way to know for sure which one will satisfy you. So, what are you waiting for?
Just bear in mind that once you start collecting competition ad analytics, there will be a lot of data . It’s all too easy to feel drained. Consider investing in an ad tracker from the start to save yourself time, money, and headaches.
FAQs
What is Ad Spying?
AdSpy displays the advertiser’s name and provides access to the Ad copy, URL, and landing page. It provides access to all of the information found on the real ads.
What is the use of AdSpy?
AdSpy helps in searching among millions of ads from over different countries and different criteria. It helps in competitor tracking. It gathers tons of information on your competitors’ ads and keyword strategies.
What is big spy?
BigSpy is an Ad spy tool for used for marketing campaigns, advertising and search engine optimization.
What is SpyFu?
SpyFu is a keyword research and competitive intelligencetool. It is used to improve online search performance. SpyFu can be used to identify the most profitable search terms in your competitors’ ad and organic search campaigns.
What is Semrush used for?
Semrush is an all-in-one suite used to improve online visibility and discovering marketing insights.
Alan Joseph
