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  • Top 10 Largest Companies in The World

    The advertisement and marketing campaigns are very important for the promotion of the largest companies in the world. Although, why to waste money on the advertisements if you are already earning millions. Well, this article will narrate about the largest companies in the world who are selling products which are not known by 90% of the population. However, they are playing a vital part in our lives and most importantly they have generated a truckload of revenue.

    Moreover, these world largest companies in the world are not spending on advertisement but still, they are high in demand. You must be bewildering how this is possible. Dear readers without taking much of your time we would briefly discuss the top 10 companies in the world.

    1. Vitol
    2. YKK
    3. BAE Systems Plc
    4. Givaudan
    5. American Tower
    6. Praxair, Inc
    7. SGS
    8. Verisign
    9. Ingram Micro
    10. CSL Behring / Baxter / Grifols

    1. Vitol

    Founder : Henk Viëtor, Jacques Detiger
    Founded in : 1966

    Vitol’s Logo

    Vitol is the company which makes more money than Samsung, Apple or any other company. It is, in fact, the ninth largest company in the world. Vitol is headquartered in Geneva, Switzerland. There do not have more than 5000 employee and still manage to beat numerous big sharks of the business.

    They have large storage space around the world where they hoard oil, petroleum and by doing so they manipulate the market. This under the cover company makes more revenues than Apple, Toyota, Microsoft, JP Morgan and other big brands. Annual Revenue of Vitol is $270 billion.

    2. Yoshida Manufacturing Shareholding Company

    Founder : Tadao Yoshida
    Founded in : 1934

    Yoshida Manufacturing Shareholding Company’s Logo

    The Japan-based zip/zipper manufacturing company is not known by many people. But still, this company controls the half of the zipper market of the world. With a base in 71 countries and having enormous control of the market this company is the world’s largest company who is into zipper manufacturing business. YKK Group also manufactures of other fastening products, architectural products, plastic hardware and industrial machinery.

    3. BAE Systems Plc

    Founder : Sir Roger Carr
    Founded in : 1999

    BAE Systems Logo

    BAE Systems Plc is multinational defence, security, and aerospace company. BAE Systems Plc is world’s third largest defense contractor, churning nearly 18 billion dollars($) worth of revenue in 2015.

    Its headquarter is in London and operates in major markets like US, UK, India, Australia. Their catalog of products is full of All-Star military crafts – Aircraft Carrier – HMS Queen Elizabeth (formal commission 2017) and Hawk series which is an engine, jet-powered advanced trainer aircraft. BAE Systems Plc plays important roles in military aircraft production for many countries in the world.

    4. Givaudan

    Founders : Leon and Xavier Givaudan
    Founded in : 1895

    Givaudan’s Logo

    This Swiss company is making money by manufacturing the flavors and fragrances. It is the world’s largest company in the flavor and fragrance industries. The company makes the artificial flavors and fragrances that go into the perfumes, food, and beverages. The half of the food items have flavors extracted by this company, so thank them for satisfying your taste buds.

    Givaudan uses a technology called ScentTrek which captures the chemical makeup of smell from living plants. The company is making an annual income of around $ 90 million by providing the flavors and fragrances to soothe our taste and fragrance needs.

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    5. American Tower

    Founder : Steve Dodge
    Founded in : 1995

    American Tower’s Logo

    American Tower is an American company. It is owner and operator of wireless and broadcast communications infrastructure in several countries. This is the biggest telecommunication infrastructure company in the world. American Tower established the tower with a simple pole and rent to the different telecommunication companies. Starting in 1995 with 2,700 towers, its global portfolio today includes over 170,000 owned or managed sites around the globe.

    American Tower is headquartered in Boston, Massachusetts and operates throughout the America, Europe, Africa and Asia. They earn a bundle of income of $1900 million every year by installing telecommunication enabled poles.

    6. Praxair, Inc

    Founder : Carl Paul Gottfried Linde
    Founded in : 1907

    Praxair’s Logo

    Praxair Inc is an American company, providing industrial gases to organizations worldwide. Praxair produces and sells atmospheric gases, process gases and specialty gases, along with high-performance surface coatings. They spin the air and separate all the elements of the air. Additionally, they separate oxygen, nitrogen and carbon dioxide from each other and sell them separately to earn the big chunk of money.

    Company’s market capitalization is approximately $40 billion and their sale valued $11 billion in 2017. The company employs over 26,000 people globally.

    7. SGS

    Founder : Henri Goldstuck
    Founded in : 1878

    SGS’s Logo

    SGS S.A. is a global verification, testing, inspection, and certification company. SGS S.A. is headquartered in Geneva, Switzerland.
    The core services offered by SGS include:
    1. The inspection and verification of the quantity
    2. Weight and quality of traded goods
    3. The testing of product quality and performance against various health, safety and regulatory standards
    4. It makes sure that products, systems or services meet the requirements of standards set by governments, standardization bodies or by SGS customers. SGS S.A. is earning around $1000 million every year.

    8. Verisign

    Founder : James Bidzos
    Founded in : 1995

    Verisign’s Logo

    Verisign, Inc. is an American company and a global provider of domain name registry services. It provides root zone maintainer services, operating two of the 13 global internet root servers. Along with that, Verisign also deals in registration services and authoritative resolution for the top-level domains like .com and .net, which support the majority of global ecommerce websites. It also provides the .cc and .tv country-code top-level domains, and the back-end systems for the .jobs, .gov, and .edu top-level domains.

    Verisign also offers a range of security services and cyber-threat reporting. This company is ruling with its monopoly over the market and making roughly around the $700 million by selling .com domains worldwide.

    9. Ingram Micro

    Founders : Geza Czige and Lorraine Mecca
    Founded in : 1979

    Ingram Micro’s Logo

    Ingram Micro is very most valuable company in the world that delivers a full spectrum of global technology and supply chain services to businesses around the world. Ingram expertise in technology solutions, mobility, cloud, and supply chain solutions which enables its clients to operate efficiently and successfully in the markets. It is the world’s largest wholesale technology distributor, including desktops, notebook PCs, storage devices, printers, and software having a net worth of $30 billion.

    Although, it represents nearly 1300 vendors including IBM, Microsoft, and Intel and is ranked 62nd in the Forbes 500 list. As the company acts as a middleman between manufacturer and distributor, it has really no incentive to be known to the general public.

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    10. CSL Behring / Baxter / Grifols (Global Intensive Care Product Market)

    CSL Behring / Baxter / Grifols Logos

    Baxter International-

    Baxter International is a American healthcare company founded in 1931. The company focuses on medical products to treat disease like hemophilia, kidney disease and other chronic and acute medical conditions. Baxter produces recombinant and blood plasma proteins to treat these diseases.

    CSL Behring-

    CSL Behring is a biopharmaceutical company. CSL Behring is founded in 2007. CSL Behring manufactures plasma-derived and recombinant therapeutic products. These products can be used for the treatment of bleeding disorders such as hemophilia and von Willebrand Disease; primary immune deficiencies (PIDD); hereditary angioedema; inherited respiratory disease; and neurological disorders in certain markets. These products can also be used in cardiac surgery, organ transplantation, burn treatment and to prevent hemolytic diseases in the newborn.

    Grifols-

    Grifols is a Spanish multinational pharmaceutical and chemical manufacturer. Grifols produces of blood plasma-based products, devices, instruments, and reagents for clinical testing laboratories.

    These companies (Global Intensive Care Product Market)  take the blood from the people and then after separating each element of the blood, they sell it for different purposes and generate their revenue. All the companies are a close competition of each other and they each make an annual income of between $1000-$1600 million.

    Amazing right, well they are just the fragments of the big sharks that are available in the market and without becoming too famous they are making money. So, they really know their way around for being the largest companies in the world who are earning trillions.

  • PostFold—Comfortable & Affordable Fashion for Every Occasion

    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 PostFold.

    Though there are people who discard it as unnecessary, fashion, in fact, is never futile. Especially clothing is a very important aspect of fashion. It’s not wrong to say that ‘what we wear is what we are. Wearing something good not only makes people have a positive perception towards you, but you too feel good and confident. But the problem is that, in India, fashion is not always affordable. High-quality, comfortable and stylish clothing is always overpriced. While those which are affordable, are not up to the mark. To solve this problem, Aashray Thatai and Ashish Gurnani, started up PostFold- a house of affordable yet classy apparel.

    Company Highlights

    Startup Name PostFold
    Headquarter Gurgaon
    Founders Aashray Thatai & Ashish Gurnani
    Industry Apparel & Merchandising
    Founded 2015
    Parent Organization AA Brands Pvt. Ltd.
    Website PostFold

    PostFold—About
    PostFold—Founders
    PostFold—How It All Started?
    PostFold—Products
    PostFold—Business Model
    PostFold—Challenges & Future
    Fashion Industry In India
    FAQ’s

    PostFold—About

    Founded in November 2015, PostFold is a clothing brand that offers contemporary and stylish apparel for every day and every occasion. PostFold through its clothing strives to strike a perfect balance of quality and design. The company sources the best quality fabric and the best of designers to deliver apparels that are stylish, comfortable, and at the same time affordable. It offers a wide range of essentials including shirts, blouses, polo, knit tops, and shrugs for both genders.

    Their approach is simple. No middlemen. No crazy markups. They offer a collection of essentials that incorporate the perfect balance of quality, design, and price.

    PostFold—Founders

    PostFold was founded by Aashray Thatai and Ashish Gurnani, two guys from New Delhi, who are an alumnus of Northeastern University, Boston.

    Aashray Thatai & Ashish Gurnani | Co-founders, PostFold 

    Aashray Thatai studied Mechanical Engineering at Northeastern University. Post that he moved to Memphis to work at the Williams Sonoma e-commerce distribution center as an Industrial Engineer. Worked at Williams Sonoma INC for two years which was a good experience with operations, process improvements, and hands-on experience with the B2C industry. In 2015 he moved to India to start PostFold. He sees PostFold as a brand that is soon synonymous with simplicity, sophistication, and subtleness. When not busy with work, Aashray enjoys playing sports like Golf, Lawn Tennis and is a fitness freak. He also invests in fitness equipment and apparel like tennis shirts, and golf hats.

    Ashish Gurnani holds Bachelor’s degree in Marketing and Finance from Northeastern University, Boston. Post that moved to Seattle to work at the mecca of e-commerce in Amazon as a Digital Advertising Analyst and worked with companies like John Hancock, EMC, and Amazon. He left his job to pursue his dream of creating ‘PostFold’, a brand that he hopes is looked up to for its culture, honesty, and style. Ashish is a big foodie who enjoys trying different types of food from all over the world, traveling and experiencing new cultures, and swimming on Sundays.

    PostFold—How It All Started?

    PostFold Logo

    PostFold was conceived when the co-founders, Ashish Gurnani and Aashray Thatai could not find clothes that would work post office. They thought of coming up with a brand where the clothes are so versatile, they can be worn to work, after work, or on a Saturday night!

    The idea was germinated when the co-founders, Ashish and Aashray returned to India after pursuing their education. They experienced a dent in the Indian apparel market and analyzed that affordable apparel is low quality and quality apparel is excruciatingly high priced. The most appalling fact being that India is one of the biggest manufacturers of the best brands in the world yet finding high-quality and great-looking apparel is a task. They decided to dig deeper into why luxury brands charge such a high premium even though the designs were not vastly different. They found out even if the fabric used is of a higher quality still the price does not justify the 10X markups. Hence, they came with a business model where they manufacture, and style apparel using high-quality fabrics and keep the fixed costs low and curate clothes with the experienced stylists so that they can suggest attire from “Desk to Dinner”.

    PostFold—Products

    PostFold offers a wide range of contemporary apparel for men and women. PostFold’s design ideology is simple. It starts with the customers and works backward to uncover their clothing needs to create thoughtful designs.

    Each detail in the design has a purpose. After creating the designs, the highest quality materials from fabric to the threads are sourced to create the best and superior quality apparel. PostFold takes care of everything from pattern making to when the finished products are received from the factories.

    The company work with the products right from pattern making to when the finished products are received from the factories. Each garment is constructed keeping in mind the highest level of quality. None of the products are just “wear three times and discard”. They are made to last. By putting in heart and soul into each design, the company’s goal is to make dressing up easy, effortless, and pleasurable.

    ShopClues | Indian Online Marketing Website | Company Profile |
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    PostFold—Business Model

    PostFold is direct to consumer brand. The company designs sources everything in-house and works with manufacturing partners to give life to its creation. It has eliminated all middlemen from the process so that customers get access to the best quality at honest and real prices. PostFold clothing is available on its own site and apart from it in e-commerce sites like Myntra, Koovs, and Limeroad.  

    Major USPs of PostFold apparels are-  

    • Fabric: Quality is their highest priority; they source high-quality fabrics like the world’s best quality cotton called Supima Cotton. PostFold is one of the only two retailers in India authorized to sell Supima. This cotton is grown in the US and only 3% of the world’s cotton is worthy of being called Supima.  
    • Fits: Fitting is still a major issue when it comes to online shopping in India, as there are majorly five sizes available. With the help of experienced fit-technicians based on the average Indian body type and the fabric used by PostFold has created a size for every body type.  
    • Mood-based buying: With the help of the stylists, PostFold has created five moods for various situations like Sunday Brunch, Saturday Night, Traveling, etc. It is also planning to add more styles for suiting on various occasions.

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    PostFold—Challenges & Future

    PostFold is currently self-funded.

    Startup Challenges

    The most challenging part for PostFold has been to stand out in a very crowded market. It sticks to its mission of providing great quality and affordable prices to keep afloat among the competitors. Besides, PostFold is also one of the only few licensed Supima cotton retailers in India. Supima cotton is the softest cotton in the world.

    Competitors

    Some competitors of PostFold are-

    • Andamen
    • Cover Story
    • March Tee

    Advisors and Mentors

    PostFold is growing under the able guidance of Mr. Anoop Thatai (CEO & Joint Managing Director at Orient Craft) and Mr. CP Gurnani (MD and CEO of Tech Mahindra).

    Awards

    PostFold has been awarded the BW Businessworld Future of Design Awards 2018- Finalist for the Supima® Knit Shirt.            

    Growth & Future

    In the past three years, PostFold has created a niche for itself within affordable fashion while managing end-to-end operations in-house – from manufacturing right up to design while utilizing high-quality fabrics. This not only keeps fixed costs low but also helps ensure that the garments are ethically produced (social audit) as every process can be audited. The Company has been able to achieve a month-on-month growth of almost 35%. PostFold is not only carving a niche for themselves but also coming up strong in a industry dominated by the big horizontal marketplaces.

    “At PostFold, we make a conscious effort to ensure that every garment that is manufactured and sold by us is ethically produced. Our goal is not only to ensure the best quality product but also to assure the lives involved in crafting these products are treated ethically and live a comfortable life. Every factory that manufactures for PostFold is first audited and certified for fair trade practices by us. We believe that if the people making our garments are happy and taken care of, the garments coming out of that factory will automatically be of better quality. We personally make sure to visit each factory before we start working with them.”- says Ashish.

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    Fashion Industry In India

    The Indian retail industry witnessed a huge growth curve after the emergence of e-commerce and its impact on the fashion industry is very eminent. The fashion market in India is currently estimated at USD 70 billion, of which only 25% is the organized retail market. E-commerce is a key channel for fashion and the online fashion market is projected to grow 3.5 fold to reach USD 14 billion by 2020.  

    Also, in 2017, the total number of online transactions was 200 million. This is expected to increase by 65% by 2020. Of the online transactions, 60 million are online fashion shoppers, which are estimated to double by 2020 to about 120 million.

    There are many clothing brands that are emerging that have led a huge competition in the clothing industry. The big clothing brands are going to lead the market with healthy competition from the new brands. Let’s see what the future has for PostFold.

    Leave your comments down below about your experience and take on the emerging clothing brand. We would love to see your comment on our page. Happy Reading.

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    FAQ’s

    Who is the owner of PostFold?

    PostFold was founded by Aashray Thatai and Ashish Gurnani, two guys from New Delhi, who are both alumni of Northeastern University, Boston.

    Who are the mentors of PostFold?

    PostFold is growing under the able guidance of Mr. Anoop Thatai (CEO & Joint Managing Director at Orient Craft) and Mr. CP Gurnani (MD and CEO of Tech Mahindra).

    What is PostFold’s Business Model?

    PostFold is direct to consumer brand. The company designs sources everything in-house and works with manufacturing partners to give life to its creation.

    Who funds PostFold?

    PostFold is currently self-funded.

    What is the future for PostFold?

    The Company has been able to achieve a month-on-month growth of almost 35%. PostFold is not only carving a niche for themselves but also coming up strong in a industry dominated by the big horizontal marketplaces.

  • Fastor – Contact-Less Modern Dining With Good Food

    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 Fastor.

    In today’s life, nothing can make you as content as a sumptuous meal can. And this food fever has hit the entrepreneurial world as well. Food has become the secret ingredient for success in life for many Indian food startups. Digitalizing the food startups is a transformation in the food and retail industry.

    That’s a no hidden fact that now every ‘cuisine connoisseur’ is taking hygiene as a serious concern before ordering their food or dining out in restaurants. Fastor is a food-tech startup offering its customers a new contactless dining experience amid this global pandemic.

    Company Highlights

    Company Name Fastor
    Headquarter New Delhi
    Founders Karan Sood, Anmol Wadhwani, Rajeev Sood
    Industry Retail Technology
    Founded 2019
    CEO Karan Sood
    Website fastor.ai
    Registered Entity Name Fastor7 Technology LLP

    Fastor- About & How It Works
    Fastor- Founders
    Fastor- How It All Started?
    Fastor- Name, Logo & Tagline
    Fastor- Vision & Mission
    Fastor- Products/Services
    Fastor- Target Market Size
    Fastor- Business & Revenue Model
    Fastor- Startup Launch
    Fastor- Challenges
    Fastor- Future Plans
    Fastor- FAQ’s

    Fastor- About & How It Works

    FASTOR is a Delhi-based food-tech startup that has now become a new normal to all food-lovers, by offering them contactless dining and keeping up with the hygiene factor. Fastor is the 1st AI- Enabled Self-Checkout Technology platform used for takeaway and dine-in at all food & retail places. Fastor has now become a new engaging experience that is going to change the user experience, and it is as simple as you can think.

    They have digitalized the offline stores by enabling QR-based ordering, and payment can be done online with available payment methods. Fastor is also trying to build a network of such food places & retails to provide a holistic end-to-end business experience. The Tech and the overall working of the company are handled by Karan Sood, while Anmol looks over the marketing. The current size of the organization is 10 people. The work culture is very youthful and diverse. They always look for new emerging young talent that has the ability to think out of the box and to contribute with their ideas and expertise in the company.

    Fastor- Founders

    Fastor was founded by a trio – Karan Sood (CEO), Rajeev Sood and Anmol Wadhwani (CMO).

    Fastor Founders | Karan Sood and Anmol Wadhwani

    Karan Sood (CEO) is an IT engineer from BPIT, GGSIPU, and entrepreneur from IIT Delhi. He holds an exceptional command over coding skills like React Native and Java for web and mobile. He is a visionary who launched a startup straight out of college after engineering with a zeal to move forward. He has been looking after the products at Fastor while he was swamped with work very early in life by submerging himself into his father’s business. He had created various innovations in his school like Solar AC which was highly acclaimed at both intra-school and inter-school levels.

    Anmol Wadwani is a BBA graduate and a Digital marketer. She is the Co-Founder and CMO at Fastor. She is also an exceptional digital influencer in Beauty, Lifestyle, and Fashion. She has established a dedicated reach of over 5 Lakh audiences monthly over various platforms. She has previously worked with CashKaro as Deals and promotion analyst before joining the Fastor startup. She is a budding YouTuber and is focused to help Fastor grow as a business with all her expertise in digital media.

    Since they came from extremely different backgrounds, but their love for food brought them all together with Fastor. On the advisory board, they have Mr. Rajeev Sood, with experience of over 25+ years in the corporate industry and Mr. Sanjay Sharma, an ex-Microsoft Country Sales Head with experience of 20+ years of working in renowned companies, heading the sales and marketing.

    Fastor- How It All Started?

    The Fastor company is a food-tech startup with a new engaging experience that is going to change the user experience, but it is as simple as you can think. Fastor is now offering its customers a way of contactless dining with health concerns at its top priority. While founders were from extremely different backgrounds, their love of food was like an epicure. And so they wanted to build a food startup, which stupendously grew within a month. Guess what, it was a college full of food enthusiasts that led this business to gain its customers every hour.

    At Fastor, the team is trying its best to leverage artificial intelligence in retail buying by enabling a very personalized experience for the buyers, along with providing business insights to their merchant partners. The main idea behind Fastor is to create an ecosystem.

    Fastor is not just offering its technology for the merchants and their customers but is also trying to build a growth platform that leverages the technology and is capable of driving new businesses for the merchants as well.

    Fastor- Name, Logo & Tagline

    Sometimes there are interesting stories around coming up with names and we can’t afford to miss it.

    Fastor Logo

    The name is short for Fast + ORdering= FASTOR. While giving a name to the product, the idea was to make it very clear that customers can order their food faster than ever. The bolt inside the Fastor logo depicts every user who uses Fastor to get the orderings or work done as fast as possible.

    Their tagline is

    What’s Future of Modern Dining: Fastor

    They go with an afire Acronym- F.A.S.T.O.R. Let’s see that:

    Fastor Acronym

    Fastor- Vision & Mission

    Fastor is the 1st AI-Enabled Self-Checkout technology platform used for takeaway and dine-in at all food & retail places. The vision of this product is to revolutionize the way food places and retail stores are operated. They wanted to solve the real-life problem of waiting in queues and inconsistent order processing at such locations. Fastor has been on a mission to digitalize the offline stores by enabling QR based ordering.

    The core belief of the team behind Fastor is to implement an efficient mechanism in retail by adding a new way to order and enhancing the customer experience to the next level. At the same time, Fastor is also trying to build a network of such food places & retails to provide a holistic end-to-end business experience.

    Long Term vision of Fastor is to revolutionize 21st century retail buying. They want digitalization to take over the hospitality and retail industry. Their short-term goal is to restart the current challenging markets by introducing contactless ordering in the hospitality & retail industry.

    Fastor- Products/Services

    Whenever anyone goes out to eat the next time, they don’t have to touch the menu or wait for a waiter. They simply have to sit at the table, and there are QR codes assigned to each table. Next would be to open a google lens or an iPhone scanner and scan the QR code. After scanning, they’ll get the whole dynamic menu of the food place on their phone. They don’t have to download any application for it, they simply can access the catalog and order through a web app. The customer can select the food items and take as much time to think about it that they want to order in the cart, and can directly pay using any digital payment method.

    They have Fastor Business which is another application where they can handle and process all their orders and take care of the workings of their food place.

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    Fastor- Target Market Size

    Fastor is now targeting the hospitality & retail industry. Since, India is one of the fastest-growing retail markets in the world, with 1.2 billion people. The retail industry has reached US$ 950 billion already.

    In the next 5-10 years, India is expected to become the world’s fastest-growing e-commerce market, driven by robust investment in the industry and a rapid increase in the number of internet users. Various agencies have high expectations about the growth of India’s e-commerce market.

    Fastor- Business & Revenue Model

    The Fastor Business model took off with its beta runs in October of 2019. Having tested their systems at high footfall locations, and they were ready for a full-scale launch by January 2020. Even with their first attempt at creating the market for this product, the response on the ground the company received was phenomenal.

    Fastor had done close to 5000+ orders by February 2020. They took the global pandemic lockdown as an opportunity for the team to scale the product. In fact, a global launch within this period is in the pipelines as well. The company is now starting its operations in the major world economies and Fastor is fully compliant to execute orders in international markets.

    Being a lean team, Fastor is looking to onboard over 2000+ new merchants in the next three months with a current rate of 20+ new onboardings per day.

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    Fastor- Startup Launch

    They launched the company in the most youthful market, that is colleges. Their pilot run was started in college cafeterias; where the students were extremely tech savvy and could relate to the product very easily. The best growth channel for any medium is word of mouth and this helped them to acquire their first 100 users.

    Fastor- Challenges

    The challenges to bring Fastor to life were immense. When they initially started to work on the idea, there were no benchmarks that the trio as young entrepreneurs could set for themselves in 2018. The product that they were setting out to create was original and unique. Thus, as innovative founders, they had to ideate as much as possible. The drive behind Fastor was palpable – all were young, energetic, and passionate.

    Fastor- Future Plans

    Fastor started with its beta runs in October of 2019. They tested their systems at high footfall locations and were ready for a full-scale launch by January 2020. Fastor had done close to 5000+ orders by February 2020. they are now initiating their operations in the major world economies with major global gateways and are fully compliant to execute orders in international markets. Fastor is always looking for young talent that has the ability to think out of the box and to contribute with their expertise in the company.

    Now, they are looking forward to onboard over 2000+ new merchants in the next three months with a current rate of 20+ new onboardings per day. Due to the ongoing pandemic, the business is on halt. Once the pandemic stables, the market will come back to normal.

    There are new emerging startups coming up in the market. Startups that are more customer focused and solve some underlying problems are the ones that are going to survive and thrive this competitive market. Feel free to write to us, give some feedback and comments on this emerging food-tech startup Fastor.

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    Fastor- FAQ’s

    What is Fastor?

    FASTOR is a Delhi-based food-tech startup and is the 1st AI- Enabled Self-Checkout Technology platform used for takeaway and dine-in at all food & retail places.

    How does Fastor work?

    There will be QR codes assigned on each table at restaurants and people will be able to scan them to get access to the restaurant menu and order off of it as well as pay digitally.

    Who is the Founder of Fastor?

    The three Fastor Founders are Karan Sood (CEO), Rajeev Sood and Anmol Wadhwani (CMO).

  • Hupan University – An Elite Business School founded by Jack Ma

    Elite Business Schools have been famous for over a lot of years. Some of the major elite business schools are Harvard, Stanford, Colombia Business school, etc. Jack Ma, the founder of the popular e-commerce site Alibaba has also founded one of the elite business schools, Hupan University. Hupan University has announced that Jack Ma is stepping down as the president. Let’s look into more information about the Elite Business School founded by Jack Ma.

    Hupan University – Latest News
    Admission requirements for Hupan University
    The curricular and Students at Hupan University
    Changes after stepping down to Hupan University of Jack Ma
    FAQ

    Hupan University – Latest News

    Jack Ma has announced that he will step down from the elite business school he had founded back in 2015. This is because of the crackdown on the influence of the billionaire in the Chinese society. The retreat from the academy is because the regulators of China have increased the pressure on Jack Ma.

    Jack Ma had disappeared from public view from the day he had given a public speech against the Chinese regulators during the month of October. He had criticized the Chinese regulators and the state-owned banks.

    Admission requirements for Hupan University

    Hupan University which provides an executive training programme for entrepreneurs is claimed to be as hard to get into the university like Harvard or Stanford University. It was founded by Jack Ma in the year 2015 along with nine business executives.

    The admission requirements of the university are very strict and accept only the candidates who have 3 years of experience in running their own business, employing at least 30 people, and have an annual revenue of around USD 4.5 million. They should also obtain 3 recommendations at least one of them which should be chosen by the university.

    Aerial view of Hupan University
    Aerial view of Hupan University

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    The curricular and Students at Hupan University

    In the past 5 years, the university has admitted around 254 entrepreneurs and a total of 11,788 applicants have been admitted to the school. Together they employ over 1 million people and the average age of the admitted members is around 38 years and have been doing the business for the past 11 years.

    So far, the school has offered 271 classes out of which most of the classes were undertaken by entrepreneurs of various traditional companies as well as internet companies. Unlike a traditional MBA school, Hupan University aims at inspiring the future entrepreneurs with a sense of social and moral responsibility.

    Changes to Hupan University after Jack Ma Stepped down

    As Jack Ma announced that he would step down from the Presidential position of Hupan University led to restructuring the educational programme of the university and has changed its name. Hupan had changed its name from its website and social media accounts to Hupan Innovation Center.

    There were even videos released that showed workers removing the name from a large stone sign in front of the campus. The change of name was because only a licensed educational institution can mention its name as a university and Hupan is not an official university yet.

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    Conclusion

    However, a person close to the business school has conveyed that Jack Ma would not hold any high profile post in the institution but several people have mentioned that he would remain connected to the school giving lectures in the future.

    FAQ

    Where is Hupan University located?

    Hupan University is an elite business school located in Yuhu Bay, Xihu Hangzhou, Zhejiang Province, China.

    When was Hupan University founded?

    Hupan University was founded in 2015 by Jack Ma with nine fellow business executives.

    Why did Hupan University changed its name?

    Hupan University changed its name to Hupan Innovation Center because only a licensed educational institution can mention its name as a university and Hupan is not an official university yet.

  • Why Jeff Bezos is Stepping down as Amazon CEO on July 5?

    Amazon.com is one of the well-known e-commerce platforms based in the United States. It is one of the big five IT companies of the United States along with the tech giants Google, Facebook, Apple and Microsoft. The CEO and the founder of the company Jeff Bezos have announced that he would step down from his position of CEO on July 5. Let’s look at the reason, Why he decided to step down as CEO of the company.

    Amazon CEO – Latest News
    Reason Why Jeff Bezos is stepping down as Amazon’s CEO
    Who will be the New CEO of Amazon?
    Reason Why Jeff Bezos chose 5 July as the date to step down
    FAQ

    Amazon CEO – Latest News

    Amazon CEO and the founder Jeff Bezos had announced in the Annual Shareholder Meeting of the company that he would step down as the CEO of the company he had founded around 3 decades ago on 5 July 2021.

    The company had previously announced about the transition plan of the CEO and is also noted that Jeff Bezos would not stay away from the company and would remain close to the company taking the major decisions of the company staying as an executive chairman.

    Reason Why Jeff Bezos is stepping down as Amazon’s CEO

    Jeff Bezos has conveyed that moving to the executive role he would be closely connected to the company and the decision-making process as well as being able to focus on a lot of other works.

    Jeff Bezos had conveyed that he is very excited to move into the chief executive chairman position of the company where he would be able to focus his energy and attention on new initiatives and products.

    It is expected that Jeff Bezos is stepping down as the CEO in order to focus on his other initiatives such as Blue Origin Spaceship company, Bezos earth Fund, Amazon Day 1 Fund and The Washington Post.

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    Who will be the New CEO of Amazon?

    Jess Bezos had also conveyed that he would hand over the position of CEO to Andy Jassy who has been a part of Amazon from the year 1997. He was the one who launched Amazon’s most profitable segment which is the AWS cloud computing division in the year 2006.

    In the year 2020, the revenue generated from AWS was around USD 45.3 billion and delivered an operating margin of 30 %. One of the recent achievements by Andy Jassy before the official handing over of the CEO position is to bring back the former senior executive of the company Jeff Blackburn.

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    Reason Why Jeff Bezos chose 5 July as the date to step down

    Jeff Bezos during the Shareholder meeting conveyed that there was an emotion behind choosing the date 5 July as the day to hand over the CEO position. He added that he chose the date as it was sentimental for him. July 5 is when Amazon has incorporated 27 years ago exactly on the same date in the year 1994.

    Bezos had even spoke about Andy Jassy providing an assurance for the shareholders that he would never let the company down and has the highest standards and the energy that is required to keep the company alive and special. He also mentioned about the deal where Amazon had acquired MGM studios.

    Conclusion

    Amazon has always made sure to keep its succession plans quiet but however certain spectators have predicted the successor to be Andy Jassy. The contribution of Andy Jassy to the firm Amazon is innumerable and the same would be expected from the new position which he would undertake.

    FAQ

    How much Amazon stock does Andy Jassy own?

    Andy Jassy owns over 1,250 units of Amazon.com stock which is worth over $280,268,736.

    How much does Jeff Bezos make an hour?

    Jeff Bezos earned an average of $13.4 million per hour during the pandemic.

    Who will be the next CEO of Amazon?

    Andy Jassy will be the next CEO of Amazon, he has launched Amazon’s most profitable segment which is the AWS cloud computing.

  • How India-UK Agreement will benefit Indian Entrepreneurs?

    The United Kingdom has been trying to negotiate with India in terms of a free trade agreement between both the counties. The UK has launched a 14-week consultation process in order to seek the opinions from the public as well as businesses before negotiating on the agreement. Let’s look at what exactly is the free trade agreement and how it would benefit the countries.

    Free Trade Agreement – Latest News
    What is Free Trade Agreement?
    How India-UK agreement will double the trade between UK and India?
    What are the 5 Cs in India-UK Free Trade Agreement?
    Other Advantages of India-UK agreement
    FAQ

    Free Trade Agreement – Latest News

    The trade secretary of the UK, Liz Truss had begun the preparations for the trade deal between India and the UK. The country wants to remove the trade barriers in order to conduct the business and trade with India which includes removing a tariff of 150% on whisky and 125% on British-made cars.

    The UK government is looking forward to seeking opinions from consumers and businesses from different sectors in order to help in crafting a deal that would help in increasing cooperation in the future. The industries which will be concentrated include science, technology and services which are expected to create high value jobs in the UK.

    What is Free Trade Agreement?

    A Free trade agreement is a situation or an pact between two or more nations in regards to imports and exports in between the countries. It can be understood as a removal of the barriers involved in imports and exports.

    Under a free trade agreement good and services can be purchased or sold across international borders with very little or zero government intervention such as charging of tariffs, quotas, prohibitions or subsidiaries.

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    How India-UK agreement will double the trade between UK and India?

    Both the countries already have a trade agreement and according to 2019, the trade between India and UK was worth 23 billion Euros and both the countries want to double the figures by the end of 2030. The recent free trade agreement is focused on concentrating much more than the movement of goods.

    The free trade agreement concentrates on covering services, digital business and SMEs. So, it is expected to have a huge amount of content in a free trade agreement.

    India exports to United Kingdom
    India exports to United Kingdom

    What are the 5 Cs in India-UK Free Trade Agreement?

    While both the governments are moving forward with the free trade agreement, it is expected to be characterized based on the 5 Cs.

    1C

    Where the 1st C would be Covid which both the countries have and are still suffering from. In India, the second wave has seen a drastic rise in the number of cases. The United Kingdom has been sending a lot of medical supplies and even both the countries are working together in rolling out the vaccines. Around a billion doses of Oxford-Astra Zeneca vaccines are being produced by the Serum Institute of India.

    2C

    The 2nd C would be commerce and the main focus of the Free trade agreement as seen both the countries are trying to double the trade by the year 2030. It is also seen that around half a million of jobs in each other’s economy are supported through the trade. India is also keen on UK’s expertise in Life sciences, Med Tech and diagnostics.

    3C

    The 3rd C refers to the community. It refers to the British Indian community which is expected to be around 1.5 million providing an advantage to the relationship. It is considered that the Anglo-Indian community is an entrepreneurial one and research has shown that around 174,000 people are employed under the companies owned by Anglo-Indians and all the companies have a combined revenue of over 35 billion Euros.

    4C

    4th C refers to the commonwealth which is considered to be the important glue of the relationship. The UK is the chair in the office with India in the commonwealth and India is a founding member of the Commonwealth summit. Both the countries are working together to increase the effectiveness.

    5C

    The 5th C which is the final one refers to the climatic changes. In the month of November, the UK will host COP-26 which is a climate change talks and India being the key country that is expected to be most affected by global warming will have a scope to working together in finding shared solutions. They have already started by scaling up the electric mobility market in the country.

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    Other Advantages of India-UK Agreement

    It is expected that the UK will open up its fisheries sector to more Indian players, providing more opportunities for nurses and in return, India lifts the restrictions to import British fruits to the country and improved access to medical services. These actions are expected to create around 25,000 direct and indirect jobs in India.

    Ranil Jayawardena who is the international trade minister of the UK has conveyed that the trade deal with India will break down certain barriers and will make it easier for British Businesses to sell goods in India. It will also help in gaining more investments, increasing wages and lowering prices in Britain.

    FAQ

    Is there a free trade agreement between UK and India?

    Yes, UK and India has signed a free trade agreement which is concentrated on science, technology and services.

    Which country has the most free trade agreements?

    UK has the most free trade agreements with 37 FTA agreements with  different countries.

    Is FTA beneficial for India?

    Yes, FTA is beneficial for India as it will ease export in the country and will create more jobs for the people of India.

    Conclusion

    Over the last 10-15 years the European Union had tried to sign a free trade agreement with India and failed. But since now the UK is an independent nation it is considered that the chances of getting into an agreement with India are higher than it was ever been.

  • 4 Ways A Business Coaching Program Can Help You Grow

    The competition in the business world is tougher than ever before. Gone are the days when people thought of a business as a risky journey. More graduates are now looking to start their own business than landing a secure job. These developments in the business world are a result of the awareness created by business mentors. The efforts of people who made it big in the business industry have encouraged others to start something independently. Are you struggling with your business and want to build your company that achieves new heights? In this article, you will find out four ways how a business coaching program led by a top mentor can help you achieve your goals.

    Be Present And Confident

    The most important thing about running a business that most people don’t understand is building your confidence. You don’t have to go around pulling manipulation tactics and so on. All you have to do is to show your confidence to your potential business partners and customers. And what’s the difficult thing about confidence? You cannot be confident about your idea and your business unless you believe in yourself and have done ample research about your industry. A coaching business program helps you identify your strengths to be more present and confident in your business endeavors.

    Solving Your Problems

    Businesspersons get so attached to their ideas that sometimes it becomes difficult to identify the problems. But if you want to build and grow your business, you have to save yourself from the blind spots. You might not pay attention to your business model’s problems if someone in your friends or family tells you about them. Why? Because you may write them off for their lack of knowledge about the business world. A coaching program around business building skills helps you figure out your problems and develop feasible solutions.

    Becoming A People’s Person

    If you don’t have the skills to meet with the right people in this world of networking, you are missing a lot for your business. The good news is that finding like-minded people is not a difficult thing. If you are willing to spend your time and make a conscious effort, you can easily find people that will take your business to the next level. Enrolling in a business coaching program enables you to unlock your power of making connections with people – paving your way to the success of your business!

    Optimizing Your Thought Process

    Stumbling upon a great business idea and working on it doesn’t mean that you can achieve what you want with your business. You have to think about your idea critically and find where it doesn’t meet your expectations. And as you keep working on the same things daily around your business, you may end up destroying your critical thinking. The best thing about getting enrolled in a business mentorship program is that it helps you improve your Thought Process. You get to unlock ways to challenge your business’s problems and come up with solutions that are effective and long-lasting.

  • 10 Effective Ways to Convert Your Client to a Customer During a Phone Call

    The sale of a product is impossible without the right kind of marketing. While ads and posters have gone a long way in catching consumers’ eyes, things get a little difficult when it comes  to converting a client to customer over a phone call.

    The fear of being cheated has reduced the  possibility of this chance significantly. However, it is not a dead end. It only means that the ways  you put forth the product have to be changed. Here are a few effective to covert your client to customer during a phone call.

    Basic Research and planning
    Positive contrast of the product
    Make your point in 60 second or less
    Hype it up
    Personalisation of information
    The Right choice of words – Psychological Approach
    Follow up your client
    Flexibility
    Be supportive
    Respect their Rejections
    FAQ

    Basic Research and planning

    Before calling your client, do some basic background search about the client as well as your product. It can be as vague as their hometown or organisation. Make sure to use it during your call.

    Have a plan on the things you must prioritise. Give importance to striking pieces of information that set your  product apart from others. Only later go to the explanations of the features. The plan should be  inclusive of your tone, attitude and even your choice of words. Make sure you have all the pre requisites well in advance.

    Positive contrast of the product

    The first and the most important thing you need to do is create a positive aura around the product. It should be done before you start to convince the client. They should feel that the thing you are trying to sell is inherently good and is not made to ‘appear’ good for the sake of the sale. This is a great way to start.

    Make your point in 60 second or less

    The first thing you need to understand is that the reputation of such calls is very less. Only a crisp and intelligent addressing of the issue can catch their attention and time.

    Ask if they have  some time to spare. And then make your point in less than a minute. In that 60 seconds, you should be able to brief the client about everything from the product’s nuances to customer services. This will simplify the process for them, at least mentally, and they will be more open to further  explanations.

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    Hype it up

    The beginning of the sales call determines your success in making the client convert to your customer. Begin with a bang! Make your product sound like the most relevant thing that the client requires.

    You can cite its current relevance along with the future benefits, which will be more attractive. The key is not to give fake promises to the client but to convey the highlights of your product in an extravagant manner.

    Successful cold calls duration
    Successful cold calls duration

    Personalisation of information

    Make sure to portray the product as if it is tailor-made for them. People love to be taken care of and validated. Validating their identity is a good gesture in their regard. Maybe you can say something like, “Considering you are a person interested in so and so, I really do think this product will add value to it!” Or something on the same line.

    The Right choice of words – Psychological Approach

    The choice of words can make a significant impact on the client. Make your speech in such a way that it creates a vibe of encouragement. Buying your product should not feel like a financial  liability to the person. For example, using the word “buy” will make them feel dejected. Instead try  using the word “purchase” or “invest”, it will create a different psychological effect which will aid  in the sale of your product.

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    Follow up your client

    An important aspect of any customer-company relationship is the bond that is created. Try to follow up on the issues shared by the customer. Repeating their words in your speech will definitely  make an impact.

    Try to keep the conversation alive by validating their words and sharing your inputs regarding the same. Here, you have to ensure that the conversation does not get diverted to some other topic while you try to follow up.

    Flexibility

    Never forget the saying that Customer is King. Definitely, they are. So don’t try to impose anything on your client, or you will lose a prospective customer. You might have made a mental  target from a client when you call them.

    Even if they fall short of it, never force them to meet your targets. For example, you might have wanted the client to purchase 15 shares but they are only willing to buy 10. In such a case, don’t push them to make it to 15. After all, something is better  than nothing.

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    Be supportive

    As far as a firm is concerned, the customer is an asset for life. It is important to take care of  their future needs as well. This aspect needs to be addressed even before they agree to buy the  product itself.

    If you are able to convince the client that you will be there with them for any further assistance or that there is a customer care wing for addressing their queries, it will increase the  chances of them buying the product. No customer wants to be clueless.

    Respect their Rejections

    As mentioned earlier, a customer is one whom you have to keep close to forever. So, a rejection at one stage does not mean a complete closedown of any further contacts.

    Minute things like your way of presentation, the way you respect the client will all increase your chances in the  future. So, when they say no, respect it and don’t push them too much.

    The chances are that, next time when you call regarding a better product, they would already have a good image about  you and your company. Thus, they will feel like trusting your words.

    FAQ

    How do you approach a new client on the phone?

    The most important thing when approaching a new client is, Have all of their information in front of you and Be able to make a commitment.

    How do you start a conversation with a client on a call?

    Ask a question that is not related to the sale or Praise something they did, these are some of the great ways to start a conversation with a client on a call.

    What is telephone etiquette?

    Phone etiquette is how you represent yourself and your business to customers via telephone communication. This includes the way you greet a customer, tone of voice, word choice, listening skills and how you close a call.

    Conclusion

    The end idea is to get your client to be a customer. It is not a one day affair. So, plan ahead,  give them their space and hype your product in the most extravagant manner possible.

  • What are the Latest Technology Trends in India?

    In the past few years, India has become a major attraction for latest technological advancements. Consumers for almost all sorts of technological niches have seen a raise in recent times. This makes it extremely important to understand the latest technology trends which are presently going on in the country. Let’s see what all technologies are being adored by our fellow country mates.  

    latest Trending Technologies

    App Development

    Even before the WhiteHatJr. coding campaign rolled out, app development had been gaining heat. The craze and enthusiasm for developing apps and coding had been increasing with the popularity of the same since their inception. App development offers a great scope and for the ones who have the right mix of skill along with vision, it opens up a completely new world. App development is hence, the next big thing or rather the contemporary colossal phenomenon in the technology sector.

    Web Development

    Web Development
    Web Development

    Another notable field wherein the youth and the tech savvy generation of our motherland are engaging in is Web Development. Web Development is not limited to designing website content but involves many other aspects. One gets to integrate mobile apps with the web interfaces, develop content and work with loads of software, the possibilities are endless. It is no surprise that Web Development is one of the technological trends which has the technology sector going gaga.

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    Robotics

    Robotics
    Robotics

    The development of Robotics has rather been uncanny in many ways. It started off as a western influence and soon became a phenomenon. Though there might be many individuals who’d argue the origins of robotics, one thing which stands out is India’s rise in the robotics sector. Colleges are encouraging students to take robotics and even have introduced various courses for the same. The advancements and the interest looks to make robotics an integral part of the Indian technology sector soon.

    Gaming

    It is no surprise that gaming is one of the technological trends which has taken center stage in the technological sector of the country. The scope for gaming has increased by a huge margin in the last half a decade or so. Especially with so many streamers and streaming platforms gaining immense popularity over the course of the last few years, the inclination towards gaming has globally gone up. Many Indian gamers, who have risen to fame have also played a significant role in popularizing Gaming.

    Gaming is not limited to a specific platform and one can find a huge number of platforms which have and are being explored by many. The thrill and the perks associated with gaming make it all the more enthralling. Indian game developers are also gaining recognition at a global level. The gaming sector seems promising and is sure to grow in the coming times.

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    Cyber Security

    Cyber Security
    Cyber Security

    The extensive use of any entity brings with it the need to monitor the usage. The same holds true in the case of technology. Almost all of the country’s population is connected to the internet some way or the other, this makes it extremely important to monitor the miscreants lurking online.

    The most popular trend amongst Cyber Security is Blockchain Technology. Its highly secure and has a constant need for evolution. This gives Blockchain particularly a wider scope than other aspects of Cyber Security. Nevertheless, Cyber Security is a necessity which can be converted into a great opportunity rather is being converted into one.

    Artificial Intelligence (AI)

    Artificial Intelligence has been an entity of the future all of humanity is striving to make a contemporary one. India isn’t far behind in the bid to develop newer and groundbreaking technologies to bring the future closer. The extensive development of Augmented Reality and Virtual Reality software is attracting the attention of global tycoons towards the country. Though gradually but steadily, A.I. in the country is becoming a force to reckon with.

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    Crypto Currency

    Crypto Currency
    Crypto Currency

    The fact that Crypto currency is legally not accepted in and around the country makes its appearance in this list slightly astonishing. There are two major factors which have made Crypto currency a popular technological trend in India. The first being the fact that crypto currency (most notably BitCoin) has become the real deal in the last few years, considering the global stocks and markets. The second factor is simply because it is banned in the country, making it more intriguing for individuals to indulge and understand the technical aspects of the same.

    Irrespective of the present scenarios, the future of crypto currency looks bright in the country. The economic reforms should give way to crypto currency being welcomed with open arms soon.

    Food Tech

    One thing which has been constantly in trend in the country has been the foodtech industry. A huge number of foodtech startups have emerged and even taken centre stage in the past few years. There have been many entrepreneurs who have invested and many who are still investing in foodtech in the country. The fact that there have been a huge number of aspirants who are working on these lines adds to the field even more.

    The country’s love for food and the influence of technology make it a great place for Foodtech to bloom. This is more than enough reason for Foodtech being a technological trend to look out for in the coming times.

    Conclusion

    There have been a number of Technologies which are in trend at the moment, but the fact that the technology sector is dynamic can not be emphasized enough. Having said that, the technologies which have been talked off seem way more than short term trends and are sure to strengthen their position in coming times. The more the advancements, the better the sector will get and the more trends we’ll have in the future.

    FAQs

    Technology trend awareness as a skill refers to being mindful of the technology that is recently becoming popular and is readily accepted in the market or industry.

    Latest Trending Technology

    • App Development
    • Web Development
    • Robotics
    • Gaming
    • Cyber Security
    • Artificial Intelligence(AI)
    • Crypto Currency
    • Food Tech

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  • Top 6 Startup Incubators in Kolkata

    Kolkata is prominently known for its culture and creativity. With its incredibly talented people, tradition and culture, it is one of the very fascinating cities in India. But, have you ever considered it the right place for startups? No, right! But, to boost your knowledge, Kolkata is the hub of incredible startups in India. With the evolving generation, this city has encouraged numerous innovative startups that came out to be a great success.

    In India Hyderabad, Bangalore and Pune are considered the top cities for their innovative technical endeavor. However, over the past few years, Kolkata has grown into the hub for the most exclusive startups in India. And, for the support of these startups, Kolkata has been developing great assistance from the incubators.

    There are tons of creative ideas and innovative business models being prepared every year in Kolkata. It provides technical and financial assistance as well as a great customer source by its people. Kolkata has raised a massive increase of entrepreneurs, advanced businessmen, investors and others belonging to the market field. These have initiated the wave of creation and innovation in Kolkata.

    With the massive increase in the number of startups in Kolkata, it has provided some great incubators that offer guidance, mentorship, financial and physical help, and many more services to the startups.

    In this article, we present you with some of the Top startup incubators in Kolkata.

    Kolkata ventures
    Neotec Hub
    Freeset Business Incubator
    IIM-C Innovation Park
    Fincubation
    Tata Social Enterprise Challenge Incubation
    FAQ

    Kolkata ventures

    Kolkata ventures Website
    Kolkata ventures Website

    The Indo-US collaboration, Kolkata ventures, built to increase and grow entrepreneurship in India. It is well known for its incredible virtual incubation programs to strategize your business model and support the initial stages of your business to make it grow and compete in the market.

    Kolkata ventures help you to develop and scale up with the guidance of experts and also, provides you with access to various resources that are required for the startup without any worry about working from a particular locale.

    Kolkata ventures offer some incredible startup resources that include Technical development, UI/UX designing, HR, legal analysis and many more. Also, it looks after the proper guidance and resources that the startup could get, especially from companies like Amazon Web Services, Google and Paytm. These companies invest in startups for over $5000 per month. Kolkata ventures focus on providing the best mentorship and guidance to different startups.

    Neotec Hub

    Neotec Hub Website
    Neotec Hub Website

    The very prominent startup incubator, Neotec Hub is supervised and backed by Ambuja Neotia Group. Neotec Hub was founded in the year 2017 in Kolkata and has served several startups with its amazing services and offers.

    Neotec Hub works by organising a long program of around 12 months which focuses on providing several incredible developing strategies and offers. These include access to workspace, networking opportunities, offering mentorship, funding, and access to market leaders. Neotec Hub has served many startups and gave promising outcomes.

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    Freeset Business Incubator

    The very empowering and leading startup incubator in Kolkata, Freeset Business looks after the challenges faced by communities with chronic poverty. It provides them with economic development and empowerment by offering employment to them.

    Freeset Business Incubator has been working for a huge range of services and offers to support the employer and development agencies that create employment for such communities.

    Freeset Business Incubator is a very prominent business incubator and looks for investing in the meaning of employment opportunities. It has been serving many great programs that include:

    • Business Development
    • Vocational training
    • Preparation for job

    IIM-C Innovation Park

    IIM-Calcutta Innovation Park (IIMCIP) is well known for its incredible service of incubation programs. It was formed by the patronage of IIM Calcutta. IIM-C Innovation Park works by encouraging young people to bring innovative ideas and supports the entrepreneurs for their business research and development.

    IIM-C Innovation Park aimed to incubate more than 100 startups by 2020 in Kolkata. It encourages and supports startups with various services such as funding, provides knowledge, network services, mentoring and guidance. These are the basic requirements for any startup to grow and begin its way to success.

    Fincubation

    The very promising and resourceful incubator, Fincubation, counts the financial professionals within itself. Initiating a business in the financial sectors could be very tacky but contributes quite significantly to the economy of India.

    Fincubation was built by a group of IIM, IIT alumni and it promotes entrepreneurs with their exclusive business model and idea for financial technologies. Fincubation provides proper guidance and support with several programs and services that include:

    • Guidance from an expert at the initial stage of business,
    • Assistance in fundraising,
    • Mentorship from IIM Alumni (entrepreneurs),
    • Expression of infrastructure for administering any business, and
    • Facilities to develop your business into a big brand.

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    Tata Social Enterprise Challenge Incubation

    Tata Social Enterprise Challenge Website
    Tata Social Enterprise Challenge Website

    The very promising and developing Tata Social Enterprise Challenge Incubation is an incubation program offered by the partnership of Tata and IIMC. It was founded in the year 2012 in Kolkata, India. It has served several startups with its various forms of offering and assistance.

    Tata Social Enterprise Challenge Incubation works for the development of startups by fulfilling the proper basic requirements. It serves by providing membership, connections to funding sources, physical as well as virtual incubations, networking, several training programs, proper open workspaces, legal/IT/Secretarial services, and much more other assistance and services.

    FAQ

    What is the biggest incubator in India?

    Cisco Launchpad is one of the biggest Startup Incubator in India.

    What are incubators in startups?

    Startup incubators help startups grow their business. Incubators are usually non-profit organizations, which are usually run by both public and private entities.

    How many startup incubators are there in India?

    There are a total of 250 Startup incubators in India.

    Conclusion

    Entrepreneurs face numerous kinds of challenges such as resources oriented issues or social and political issues. Therefore, Kolkata provides its entrepreneurs with extremely beneficial services.

    It prepares its startups (technical based) in such a manner that it gathers the interest of several international as well as domestic investors and also, to the audience who are willing to spend their money for exploring a great deal of advanced products and services.

    Therefore, the rise of startups in Kolkata is the beginning of a new era that would surely develop the city with advanced technologies.  That’s why it’s becoming the hub of startups. And for these startups, tons of incubators and accelerators are building. Kolkata offers a great opportunity for entrepreneurs to build their career and business.