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  • Productive Habits of Super Rich People

    “You don’t decide your future. You decide your habits and your habits decide your future.”

    Our habits essentially make us who we are, and what we are expected to be, by others as well as our own selves. And habits play a very important role determining how successful we are and will be with time. When a routine of behavior is repeated regularly and tends to occur subconsciously, it defines a lot about that person’s personality, its motivations, its dedication, its laziness and its carelessness.  

    Having good habits in our behavior pattern is important if we consider a rational perspective with the purpose of having a meaningful life. Our willpower, self-discipline, and willingness to take actions act as a stimuli in the development of an individual’s personality and in result giving them an optimism outlook. So it is important that all the small things we do on a daily basis are done in the best way possible. A guide of a super-rich person might come in handy.

    We have also covered startups from Pune, Nagpur and other major cities of India.

    Successful Habits of The Super Rich

    Successful Habits of The Super Rich

    A To-Do List

    A “to-do” list is made usually a night before, and successful people are known well for writing theirs so that they are able to set goals. Goals can be big or small and make a list of priorities the activities for the coming day. Such list helps in minimal wastage of time and productive outcomes and a satisfactory feeling at the end of the day.

    Generally it has a limited number of pointers, around 6 to 8, and the key is to jot down all the ideas and think about them. Then break down tasks and prioritize, in order to accomplish wider goals. This is one of the simplest habits to be developed and is one of the most effective.

    Richard Branson insists on carrying a pen and notepad at all times. It eliminates chances of making mistakes and missing out on opportunities to generate income.
    Wake Up Early.

    Most wealthy people get out of bed early. Richard Branson, former President Barack Obama, Tim Cook, Larry Schultz; they are all known to be early risers. Waking up early attributes to their success, as they are able to start their days ahead of everyone else and responding to others, devoting time on physical health, and finding some personal time. People who wake up early tend to be happier and are more productive.


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    Daily Exercise Routine and Healthy Diet

    A healthy mind exists in a healthy body. Doing exercise on a daily basis helps a lot in terms of getting into a healthy state. It isn’t about getting those abs or cuts, it’s about maintaining a healthy lifestyle.

    A healthy lifestyle can work wonders, and if you also maintain a healthy diet it helps to achieve a state of being where you feel good inside out. It significantly improves your health, energy and that results in increasing efficiency. You are able to make better decisions. When you feel good inside, you are able to express it to the world by being positive and optimistic. Rich people spend around six hours a week exercising, compared to the average person’s two and a half hours a week. Health is wealth, and it takes on a more literal meaning when it comes to super-rich.


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    Cutting Down the Television dosage and Investing in Reading

    You will rarely see a rich and wealthy person talking about their favorite reality TV shows. Statistically 86% of rich people love and enjoy reading. And only 67% watch TV for one hour or less per day. Reading plays a vital role in the development of an individual, it covers the areas:
    1) gaining a wider knowledge
    2) having a more educated perspective on workings of the world
    3) reasoning and rational side improves

    And this all lead to better decisions being made, more beneficial conduct of activities (personal or business) and a tremendous increase in self-improvement. Reading also helps in a more confident outlook towards any problem that comes your way, you are able to deal with it with more understanding about the same. Of course, it is only one of the many ways reading comes as a measure or betterment of your individual personality, there are many such others.

    But the essential reason being that most of the super-rich people know what they are talking about, and the knowledge wasn’t inherited in them at the time of their birth but absorbed through the ways of words – in books, journals, newspapers and other such reading aids.

    Successful people tend to choose educational books and publications over novels, tabloids, and magazines. And in particular they obsess over biographies and autobiographies of other successful people for guidance and inspiration.

    Save, Spend and Invest on yourself

    “There is no more profitable investment than investing in yourself. It is the best investment you can make; you can never go wrong with it. It is the true way to improve yourself to be the best version of you and lets you be able to best serve those around you.”
    ― Roy T. Bennett, The Light in the Heart

    The essence of this ideology is that you need to put a certain percentage of your income aside for yourself, save it and invest it for yourself. This means that you have to save for your own future before you pay for anything else. It could mean that you are investing in a retirement plan for example, or an amount saved for a prospective business idea that you have.

    Saving a small portion at every consistent time period pays of at the time of a considerably old age. It will certainly make your golden years more comfortable and relaxing. It is important to earn profits and get the resources to yield even more profits, but it is also important to prioritize yourself first as being independent is vital when it comes to living a lavish lifestyle for years to come.

    Keeping Yourself Busy

    Rich and wealthy people who are successful in their fields are seldom idle. They work productive hours and even more, they have no time to waste. The brain power is used at exponential rates and therefore procrastinating is far away from their routine.

    Elon Musk works for an astonishing 80-100 hours per week and says, “That is the type of work ethic and entrepreneur needs to have.” Keeping yourself engaged in work is a sign of a dedicated hard worker, it means you strive to accomplish your goals and are not trying to stop anytime soon. It keeps you motivated, when the results come in, the sales increase, the brand is expanding and your business is reaching heights.

    Take Time To Think

    Now it might come as little bit contrary to our previous point, but it shouldn’t be a surprise that in order to be successful you shouldn’t be hesitant in taking a time out to think. It is very common that a successful person gets caught into the rat race of work.

    This leads to a negative impact as it decreases your creativity and that results in less intelligent ideas and strategies for the business. So it is very important to take a few minutes, or hours, or consecutive days to sit down and think about your goals and meditate. Use that time period to see what you’re doing, what needs to be improved, how you will achieve those goals and so on and so forth.

    “It often requires more courage to dare to do right than to f ear to do wrong”
    Abraham Lincolm

    Be Humble

    Even Kendrick Lamar gives this advice, being humble is one the most common characteristics you will in super-rich and successful people. Bill Gates is one of the richest person in the world, and yet his outlook and way of giving a speech is full of ambition and yet it does not reflect a bit of arrogance or pride in his wealth.

    Same is the case with Facebook owner Mark Zuckerberg, he appears to be a “regular guy” and surprisingly drives a Acura TSX which costs around $30,000 only, to which he reasons saying, “ it is safe, comfortable and not ostentatious.

    A part of being super-rich is that you engage with masses, so psychological factors play a huge role. When people see a rich person, the automatic assumption is that they must be proud and arrogant about it. And that’s what differs in these super-rich people, they break this stereotype and genuinely apply being humble as a part of their personality. Humbleness and kindness generally comes hand in hand, and people trust these traits more and therefore don’t hesitate to rely on them. And with mass support and goodwill in market, being super-rich is not that hard.

    So, we hope this list of habits of super rich people will help you to start your journey. This list is guidance to develop few good habits in you. Hope, this list is helpful.


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    FAQs

    What is a rich person mindset?

    A Rich mindset seeks to spend their time, resources, and energy on work that continues to pay off long after the effort has been invested. A Rich mindset is all about getting a flywheel spinning. Building momentum. Creating systems that continue to generate value on their own.

    What habits do wealthy people have?

    Some Rich people habits :-

    • Rich people always have a vision
    • Rich people have productive routines
    • Rich people are results-driven
    • Rich people admit when they don’t know
    • Rich people don’t work for money

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  • Most Important Google Statistics You Should Know

    Google is among the top American multinational companies that specialises in Internet-related services and products such as a search engine, online advertising technologies, cloud computing etc. Over the years Google has become an irreplaceable part of millions of people, students, companies, businesses across the globe. The fact that Google has gained such wide popularity is evident from the fact that the word ‘Google’ had been officially listed by the Oxford English Dictionary as a verb in the English language.

    Google is so much more than a search engine. It provides various services as it is an email client, Gmail, a social video sharing site, YouTube, a mobile operating system, Android, an official suite, Google Drive, hardware and software sponsorships and much more. Founded in 1988, Google is recognised as one of the world’s largest technology companies along with Apple, Amazon and Facebook.

    Facts and Statistics about Google
    Company Statistics
    Search Statistics
    Gmail Statistics
    Google Chrome Stats

    Facts and Statistics about Google

    · The name Google is derived from the mathematical term “googol.”

    · Google processes over 63,000 search queries every second.

    · Google recycles 100% of its electronic equipment.

    · Google acquires an average of one company every week.

    · 12% of Google searches are made by voice.

    · Google has changed its logo over 7 times since its arrival in 1998.

    · Google owns more than 200 domain names.

    · 27% of Google visitors are from the United States.

    · Google Drive has reached 1 billion users.

    · Google Maps Statistics show that the app has been downloaded more than 5 billion times.


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    Company Statistics

    Google earns over $110 Billion a year on advertising

    The company sell advertising space on search results pages to companies to provide its customers. Google also collects information about our search history and then delivers Personalised advertisement experience for websites.

    Company’s market value is estimated at $858 Billion

    Google has now become the fourth tech company after Apple, Amazon and Microsoft to be valued over $1 trillion this year. In 2015, Google was valued less than $400 billion.

    Google’s Parent Company, Alphabet is the fourth largest company in the world

    Google is the subsidiary of conglomerate Alphabet which profits about $30 billion a year. Alphabet is one of the largest companies in the world in terms of market value, revenue and profit as it has the combination of both Google and YouTube. Alphabet was formed to serve as a holding company for other endeavors. Alphabet now owns over 200 companies.

    Search Statistics

    Google is the most visited website across the world. Five billion searches are made everyday through Google search engine. 7.2 percent of the traffic comes from people who Google the term ‘Google’.

    Google dominates the search engine market. In fact, as of July 2019, Google holds 92.18 percent of the market share. Other few search engines are Bing, Yahoo, Baidu and DuckDuckGo. Since the introduction of Google search in 1997, all the other search engines have faced quite a hard time trying to reach the same level as Google.

    An average person performs more than 4-5 Google searches per day as the Google has become the go-to place for information on the internet. The most common searches being weather update and location. Though, 15 percent of all searches are unique. 63% of Google’s US searches are referred through mobile phones.

    Google was processing over 10,000 search queries per day in 1998. In comparison, by the end of 2006, the same amount of searches would be processed by Google in a single second. So, in less than a decade, Google became a quite reliable source of getting access to information and searches around the world.

    Google images account to more than 20% of all searches.

    Gmail Statistics

    · Gmail currently owns 43% of the email service market share in 2020.

    · An average Gmail account is worth around $3,588.85.

    · 75% of all Gmail users access their email on mobile devices.

    · 306.4 billion emails are sent and received daily in 2020.

    · There are more than 1.5 billion active Gmail users.

    · Gmail G Suite has 2 billion monthly active users worldwide.

    · Google shut down the “Inbox by Gmail” app on April 2, 2019.

    · Gmail users found that 68.4% of all incoming messages are classified as Promotions.

    · Gmail AI blocks more than 100 million spam emails every day.


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    Google Chrome Stats

    · Google Chrome reached 5 billion downloads in 2019.

    · Chrome has 64.92% of the global browser market across all platforms.

    · Chrome has 68.91% of the desktop browser market share.

    · Google Chrome dominates Europe with a 61.36% share of the local browser market.

    · Chrome protects about 200 million from malicious websites.

    · From 2008 to 2019, Google Chrome went from 0% to almost 70% market share, while Internet Explorer went from over 60% to below 3%.

    · Google received 63,000 searches per second, amounting to more than 2 trillion searches throughout the year in 2016.

    Google has a great history with the internet as it changed its name from ‘Backrub’ to Google, it has become one of the most valued and recognisable companies in the world. Thus, with such impressive statistics, Google continues to be the dominant player in search, maps, email, browsing, mobile operating systems and much more.


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    FAQs

    What is Google?

    Google is among the top American multinational companies that specialise in Internet-related services and products such as a search engine, online advertising technologies, cloud computing etc.

    What was Google’s first product?

    The first version of Google was released in August 1996 on the Stanford website. It used nearly half of Stanford’s entire network bandwidth.

    Who is the founder of google?

    Larry Page and Sergey Brin are the founders of Google.

    What are some fun facts about Google?

    Some facts about google:-

    • An average Gmail account is worth around $3,588.85
    • 75% of all Gmail users access their email on mobile devices
    • 306.4 billion emails are sent and received daily in 2020
    • There are more than 1.5 billion active Gmail users

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  • WealthDesk – B2B2C Investment Technology Platform

    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 WealthDesk.

    WealthDesk is India’s pioneering B2B2C platform that captures the entire Investment/Asset Management/Advisory value chain from portfolio creation on top of Equities and ETFs which are productized into investment products called WealthBaskets.

    WealthDesk is driving the Investment product side innovation in India. It has 50+ partners who leverage WealthDesk’s platform to realign their broking and advisory offerings. This includes renowned full-service brokers such as Motilal Oswal, JM Financial, Anand Rathi, Prabhudas Lilladher, among others. As a B2B2C SaaS platform in this space, WealthDesk can get B2B on its platform and create a bigger ecosystem at scale.

    StartupTalky interviewed Mr. Ujjwal Jain (Founder & CEO, WealthDesk) to get an insight on the Success Story of WealthDesk. Know all about WealthDesk’s founding team, how it started, growth, future plans & more in this article ahead!

    WealthDesk – Company Highlights

    Startup Name WealthDesk
    Founders Ujjwal Jain (CEO), Yuvraj Thakker (Co-founder & NED)
    Founding Year 2016 (Went Live in 2018)
    Headquarters Mumbai
    Sector Fintech/Investment Platform
    Website wealthdesk.in

    About WealthDesk
    WealthDesk – Founders and Team
    WealthDesk Ideation Journey – How it Started?
    WealthDesk – Product and USP
    WealthDesk – Challenges Faced
    WealthDesk – Growth and Current Status
    WealthDesk – Future Plans
    WealthDesk – FAQs

    About WealthDesk

    WealthDesk is a B2B2C Investment Technology platform founded in 2016. WealthDesk enables portfolio-based investing on top of stocks and ETFs (Exchange Traded Fund) consolidating advisory, broking, asset, and wealth management ecosystem. It is India’s pioneering B2B2C platform that captures the entire Investment/Asset Management/Advisory value chain from portfolio creation on top of Equities and ETFs which are productized into investment products called WealthBaskets; WealthBaskets are enabled for large scale distribution through broking partners with strong network effects.

    Its goal is to make sure all big and small brokers in the country are integrated on the WealthDesk platform on the transaction side (‘UPI’zation of Broking industry) and on the Advisory front, it wants to have some of the Best advisors’ Investment Products (WealthBaskets) on the WealthDesk platform.

    WealthDesk Logo

    With this dual strategy, WealthDesk drives the Investment product side innovation in India on top of Equities and ETFs (beyond Mutual Funds) and build a highly scalable distribution network for distributing these products at scale through the Broking ecosystem. The team is also pretty keen on focusing on the first-time investors as they are digitally savvy and will appreciate the benefits of the advised wealth management.


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    WealthDesk – Founders and Team

    Ujjwal Jain is the founder and CEO of WealthDesk. Yuvraj Thakker is the Co-founder of WealthDesk.

    WealthDesk Founder
    Ujjwal Jain – Founder & CEO, WealthDesk

    WealthDesk Ideation Journey – How it Started?

    Reminiscing the journey towards inception of WealthDesk, Ujjwal Jain (Founder & CEO of WealthDesk) says –

    “I have almost a decade’s experience of working in the fund management industry. During my working tenure with DE Shaw (Wall Street based Hedge Fund), I got an opportunity to shift to Mumbai for a strategic India focused stint, this made me realize the massive India FinTech opportunity in asset management, fund management, advisory and broking. With it, I also realized that while I had demonstrated capabilities in the technology-driven active hedge fund industry, I needed to deep dive into how the Index/ETF-based passive industry works. I then took on a role with the MSCI Mumbai office and worked closely with the MSCI Geneva office which drives the Index business globally.

    In less than two years, I was able to work with the research and products team globally to launch multiple Smart Beta Indices. I also worked on setting up the technology platform for launching ESG based Indices that hold a lot of prominence now. Around the same time, I was also a part of a global team looking to platformize/productize Index manufacturing at scale to reduce turnaround time with clients and compete with new technology focused fintech competitors in Index space. Having built a strong institutional and in-depth understanding of both active and passive funds, I felt ready to explore the Fintech opportunity in India.

    During the research phase about India, I met several brokers and asset managers in Mumbai to understand their challenges and that of the sector at large. That’s when I clearly saw how technology could address most of the challenges that they are facing, and I began working towards it. During my research phase, I also met Yuvraj, who runs a Brokerage house as a third-generation stakeholder.

    We met several times and spent hours/days together in 2015, where Yuvraj gave a sense of the current challenges in Broking and Asset Management Industry as a legacy broker and I could look at these same problems with a complete modern Computer Science mindset. Eventually, we were able to create a roadmap to build WealthDesk platform ecosystem, that incorporated the startup Wealth Technology and Services Private Limited. Yuvraj provided a strong incubation ground within his brokerage house to launch and test the platform between a closed user group.

    We were clear that we wanted to build the platform first. We were sure that once we built a platform that addressed the needs of the industry, we would get customers. So, we began building a B2B2C platform ecosystem for advisors, research houses getting into advisory, brokers and investors on AWS. With its strong Start-up network, constant innovation on cloud, a strong presence in India with a vibrant developer community made AWS our default choice from day 1. It took three years for the team to work and build the platform. In 2018, WealthDesk went live. The team then spent the next year getting brokers and advisors on the platform.  Today, WealthDesk is India’s pioneering SaaS-based Neo AMC platform that powers advisory, broking, wealth management, and portfolio management to retail investors at scale.

    I believe that AWS has been a key enabler in our success story. Even without offering financial services, AWS has played an instrumental role in reshaping India’s financial landscape. AWS is the technological backbone of many FinTech companies, including WealthDesk, where product innovation through engineering is the integral component of value creation”


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    WealthDesk – Product and USP

    The product is the WealthDesk platform and it provides two key offerings – For the retail investors and businesses. WealthDesk is a B2B2C Platform ecosystem with one single SaaS offering of Business platform and multiple WealthDesk Consumer SaaS Deployment(B2C) for Brokers and Advisors.

    WealthDesk Business along with WealthDesk Consumer platform ecosystem enables Brokers, SEBI Registered Investment Advisors, Portfolio Managers, Research Analysts to manufacture and distribute their Stock/ETFs research as an Investable Portfolio called WealthBasket and distribute to Retail Investors through an ever expanding WealthDesk Consumer multi-broker ecosystem with seamless execution.

    WealthDesk solves the problem of retail investors, who look at markets with wealth creation goals. It helps them understand where and how to invest smartly and avoid mis-selling and wrong choices. Given it is still a push-based product, the journey to get first time investors into markets or making someone build a habit for moving savings into investments following a process and with discipline is difficult. Lot of effort needs to be made in that direction as an ecosystem.

    These challenges were met by bringing better Investment Products (WealthBaskets) in Indian markets that were beyond Mutual Funds for retail Investors on top of SEBI Registered Investment Advisory and Research Analyst licenses using Stocks and ETFs. The objective behind WealthDesk is to serve first time to seasoned investors with products previously accessible in the form of investable instruments. Also, drive the future of Digital Asset and Wealth management in India at scale and penetrate markets to a large extent across India.

    Traditionally investors, brokers and their research & advisory arms, SEBI registered advisors and research houses used to work in silos. This model of engagement does not allow them to serve retail investors and traders with right research and portfolio strategies thus leading to suboptimal returns, misalignment of goals/incentives and is operationally non-scalable to build assets under advisory businesses on top of Equities and ETFs, etc.

    Since 2013, regulators like SEBI had already started focusing on bringing transparency in advisory based distribution and streamlining the role of brokers as distributors and the recent draft of this circular (October 2020) is one of the steps in this direction to bring in more transparency, alignment. WealthDesk is pre-empting the eventuality of the industry by offering a platform powered investment instrument called WealthBaskets on top of Equities and ETFs to drive research and advisory based portfolios distribution to retail investors on top of broking. This innovation is the USP of WealthDesk.


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    WealthDesk – Challenges Faced

    Key challenges faced by the team initially was hiring top Engineering talent to build such a deep tech platform in Capital Markets based out of Mumbai. Once a great team was established, there was no looking back.

    Another challenge as well as the opportunity was to make brokers, advisors in the country look at this changing landscape and realize the future and opportunity through the founding team’s lens/vision. Once that was done, WealthDesk began growing organically, with zero sales and marketing spend till now.

    Yet another challenge was to make retail investors look at markets with wealth creation goals and understand where and how to invest smartly and avoid mis-selling and wrong choices. Given it is still a push-based product, the journey to get first time investors into markets or making someone build a habit for moving savings into investments following a process and with discipline is difficult. Lot of effort needs to be made in that direction as an ecosystem. But that is an opportunity also by creating a nudge-based user journey as a platform, provide right content and marketing push to bring the necessary behavioral change. Another opportunity is that as a B2B2C SaaS platform in this space, WealthDesk can get B2B on its platform and create a bigger ecosystem at scale.

    These challenges were overcome by bringing better Investment Products (WealthBaskets) in Indian markets that were beyond Mutual Funds for retail Investors on top of SEBI Registered Investment Advisory and Research Analyst licenses using Stocks and ETFs. The objective behind WealthDesk is to serve first time to seasoned investors with products previously accessible in the form of investable instruments. Also, drive the future of Digital Asset and Wealth management in India at scale and penetrate markets to a large extent across India.


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    WealthDesk – Growth and Current Status

    WealthDesk ended Calendar year 2020 with 20 broker and advisor partners. It has nearly doubled the number of partners in Q1 of 2021.

    Currently, WealthDesk has 50+ partners who have leveraged WealthDesk’s platform to realign their broking and advisory offerings around SmartBeta, Factor based Thematics, Sectoral, Asset Allocation based ETF WealthBaskets that are driving a new product ecosystem.

    This includes renowned full-service brokers such as Motilal Oswal, JM Financial, Anand Rathi, Prabhudas Lilladher, among others.

    Some of the leading investment advisors such as Quantech Capital (OpenQ), Finmo, Renaissance Investment Managers, Tamohara, Wright Research, etc. are on WealthDesk.

    WealthDesk has also integrated with discount brokers such as ICICI Direct, Zerodha and Upstox that allows their users to directly login on WealthDesk.in and invest in WealthBaskets.

    WealthDesk has also seamlessly integrated with 63 moon’s ODIN trading platform; this platform powers 800+ brokers. This partnership brings Advisory based Value Added Broking to all such brokers in a plug and play model.

    WealthDesk – Future Plans

    WealthDesk’s focus for the future has always been on expanding beyond mutual funds and portfolio management services. With the support and help from its partners, the team believes that they can drive the future of investing in Indian capital markets.

    WealthDesk – FAQs

    What is WealthDesk?

    WealthDesk is India’s pioneering B2B2C platform that captures the entire Investment/Asset Management/Advisory value chain from portfolio creation on top of Equities and ETFs which are productized into investment products called WealthBaskets.

    Who are the founders of WealthDesk?

    Ujjwal Jain is the founder and CEO of WealthDesk. Yuvraj Thakker is the Co-founder of Wealth Desk.

    What is WealthBasket?

    WealthDesk Business along with WealthDesk Consumer platform ecosystem enables Brokers, SEBI Registered Investment Advisors, Portfolio Managers, Research Analysts to manufacture and distribute their Stock/ETFs research as an Investable Portfolio called WealthBasket

    When was WealthDesk founded?

    WealthDesk was founded in 2016. The WealthDesk platform went live in 2018.

  • Why UN believes India should invest in its Infrastructure to Revive the Economy

    India’s economy has been heavily hit due to the ongoing coronavirus pandemic and before the economy could recover the second wave has taken the country towards a roller coaster ride. The major cities in the country have been under lockdown in order to contain the virus. UN has recently mentioned that investment in infrastructure will help the Indian economy. Let’s look at how that is possible.

    UN’s Solution to India to revive the economy
    Sectors Indian Government should prioritize
    Deficit financing and the Public Sector
    Economy of other countries
    State of India’s Economy
    Requirement for the Indian Economic Recovery
    FAQ

    UN’s Solution to India to revive the economy

    According to a UN expert, India has to heavily invest on its infrastructure if they want to recover from the widespread economic destruction faced by the country due to the coronavirus pandemic. The country will have to invest in infrastructure even if they have to go towards deficit financing.

    Hamid Rashid who is the head of the UN Development Research Branch had conveyed in an interview to IANS TV on 12 May 2021 that, A crisis is always considered as an opportunity and an investment made at the right time in the right sector will create a multiplier effect in recovering the economy and also would make a substantial difference in the lives of people.

    He added saying that seeing India’s condition right now would make us a little despondent but he conveyed that there is a silver lining in their view where he cited the opportunity for the public sectors to invest in vital areas and the signs of progress in containing the virus.


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    Sectors Indian Government should prioritize

    Hamid Rashid continues saying that developing countries like India do not have an option to finance a stimulus programme similar to the US but he added that the country can make proper investments through Public Sector in order to recover the economy.

    He added that the Government will have to prioritize two major sectors health and digital. This is expected to be considered as an opportunity for the government and the Public Sector to increase their investments in the health infrastructure and digital infrastructure. This will create more jobs in the economy and in turn increase the demand for goods and services which will lead to the recovery of the economy.


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    Deficit Financing and the Public Sector

    In India currently, the shortage of oxygen is a huge constraint for India in order to save lives. This is an opportunity to create the right environment so that the businesses can invest more in building the healthcare capacities.

    There is also a need to gaping the digital infrastructure in the country. The countries like India do not have an option to raise taxes in order to meet the infrastructure requirements of the country and hence will have to choose deficit financing. Deficit financing is basically borrowing money from the future.

    Hamid Rashid has said that deficit financing is not a bad idea if the investments are made right. He added that deficit financing is not just necessary but it’s a must. When the businesses can’t take risks, when the private sector or the hospitals can’t take risks, then the only entity that can take risks is the Government.

    So, he said that what we have seen crisis after crisis is Public sector Investments and these investments are the ones that brings countries out of the crisis.

    He also added that with deficit spending one has to be very careful because if the amount is not invested properly then it would create a huge financial burden for the government and this debt balloon will increase over time.


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    Economy of other countries

    He had provided information about the Chinese and the Western economy. China had used investments for economic recovery. He added that the western side approach to fight against the coronavirus pandemic was through creating a demand side support by giving money to the households.

    Whereas China had chosen to increase their investments during the pandemic and it led to the creation of more jobs and now the demand has been increasing and the economy of China has seen a recovery and is expecting a growth rate of 8.2 % this year.


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    State of India’s Economy

    Hamid Rashid’s branch is involved in making the economic forecasts which are used as a base for policy suggestions. The mid-year report which was released on 11 May 2021 has forecast that Indian economy would see a growth of 7.5% this year and would see a rebound of 10.3 % next year.

    When the report was being prepared it was just the beginning of the second wave in the country and if the figures were recalculated right now the growth would be even less optimistic because of certain downside risks.

    He added that there is still a huge opportunity for India for the recovery as they are just starting from a very low base. Last year there was a significant contraction of the economy and this is considered to be the recovering stage. If the pandemic is under control within a month according to assumptions then there would be chances for the growth.

    If the Covid-19 cases increase for several months or for a full quarter then this target would seem very difficult and would see a downfall when the numbers will be updated. He said that if we remain optimistic then a 7.5 % growth rate is still possible.

    India's GDP
    India’s GDP

    Requirement for the Indian Economic Recovery

    The most important element required for the recovery of the Indian economy is considered to be vaccination. This will increase the confidence of the consumers and the businesses as it is very vital for the recovery.

    The news reports create a fear in the minds of people which stops the businesses to invest more as they will have a pessimistic approach and the consumers would not spend more as they feel that there are more bad days coming.

    Hamid Rashid conveyed that this is about managing the expectations and the best way to manage the expectations of the people right now is by ensuring everyone gets vaccinated as soon as possible which will help in the recovery of the economy.

    FAQ

    Is India a mixed economy?

    Yes, India has adopted a mixed economy.

    What is the important sector of Indian economy?

    Agriculture is the most important sector of Indian economy.

    Is Indian economy growing or not?

    India’s economy is estimated to contract by 6.9 per cent due to the coronavirus pandemic.

    Conclusion

    Covid cases in the major cities have been reducing but there is still concern about the infections being spread to the rural areas. Vaccination, social distancing and other measures are expected to work even though it doesn’t create any magic but would help in containing the virus.

  • Who owns the new UK company Elonspace Ltd?

    Elon Musk has been in the limelight since he had gained the title of the world’s richest man. He has been called as the crypto king after his tweet went viral and the shares of the meme-based currency Dogecoin had soared in its value.

    Elon Musk is the CEO of Tesla and SpaceX but recently there was a company named Elonspace being registered in the United Kingdom. Let’s look at the further details of the company.

    What is Elonspace Ltd?
    Who is Elon Musk PhD?
    Location of Elonspace Ltd
    About Companies House
    FAQ

    What is Elonspace Ltd?

    There has been a recent filing on the Companies House which is the official business registrar of the United Kingdom. The newly registered company was a sole proprietorship which was registered under the sole director named Elon Musk PhD and the name of the company was Elonspace Ltd.


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    Who is Elon Musk PhD?

    When they looked at the entry made in the Companies House, the birth month and nationality of the director is the same as that of Elon Musk, Tesla and SpaceX CEO.

    Even though the company and the name of the director sound similar to the real Elon Musk who is the CEO of Tesla and SpaceX both are different individuals. Elon Musk had not completed his PhD and had dropped out of it after two days of his enrollment.

    When looked at the other details such as the UK based location and the country of residence it is different from the original Elon Musk. Hence the company does not seem to be a fake one as the details provided are different.


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    Location of Elonspace Ltd

    The contact address provided by the Elonspace Ltd is located in West London which is a tower building that is used for student accommodation. The registered work entered by the company indicated that it involves in IT, data processing and computer facility management.

    The student accommodation tower used as a correspondence address for Elonspace Ltd. in West London
    The student accommodation tower used as a correspondence address for Elonspace Ltd. in West London

    The real identity of Elonspace Ltd remains unknown as of now. But an interesting fact to be noted is that a new crypto with the same name as the registered company had been promoted on the social media posts.

    It was founded that the cryptocurrency which got promoted on the social media post was during the same week the company had registered with the register. However, the representative of the crypto company had conveyed that they wouldn’t be able to provide any classified information about the company and the owner as it is and would be a violation of their NDA.

    About Companies House

    Companies House is the United Kingdom’s registrar of companies. They also act as an executive agency and the trading fund of Her Majesty’s Government. They are located in Crown Way, Cardiff. It is an executive agency that is sponsored by the Department of Business, Energy and Industrial Strategy.

    All the forms of companies that are permitted by the United Kingdom Companies Act are registered under the Companies House.

    FAQ

    Does Elon musk owns Elonspace Ltd?

    No, Elon musk does not owns Elonspace Ltd.

    Who owns Elonspace Ltd?

    The sole director named under Elonspace Ltd is Elon Musk PhD.

    Where is Elonspace Ltd located?

    Elonspace Ltd is located in West London which is a tower building that is used for student accommodation.

    Conclusion

    There has been no much information available about the newly registered company the crypto token which is spread on the social media. We will have to wait for more information to be provided about the company.

  • Why Brands are Targeting Nano Influencers

    In this era, people have a great influence on others as they idealize social media more than the real world. These people are popularly known as social media influencers. Often the so-called influencers have created a good fan base that is loyal and high on trust, while there are people who have just started to set the trend. They are known as Nano influencers. To know more about who they are and why brands are targeting Nano Influencers more as a part of influencer marketing.

    Today, social media plays such an important part of all our lives, be it from a point of view of leisure activity or be it a business, almost all the millennial’s and adults today are using many social media platforms. These platforms have the ability to impact the lives of many. These people brand themselves on platforms as Facebook influencers, Snapchat influencers, and Instagram influencers.

    Who are Nano Influencers?
    Why do people work with Nano Influencers?
    Benefits of working with Nano Influencers
    Cons of working with Nano Influencers
    FAQ’s
    Conclusion

    Who are Nano Influencers?

    Nano-influencers are usually Instagram users who have a minimum of 1000 followers or more. Typically the range of followers that Nano Influencers have is from 1000 to 5000 followers. These are the people who aren’t very glamorous or shiny but do have the strength to influence their local neighborhood or the community to which they belong. Nano Influencers are regarded as ‘regular everyday people’ who help a brand to promote their products and services by influencing their friends, family, and people around them.

    Nano Influencers are also becoming more prominent because they post about very specific categories targeting the audience that is hyper-invested in such topics. More importantly, audiences seek out Nano influencers because their expertise in niche topics is unique and might not be found anywhere else. Nano Influencers are also very famous in categories like food, fashion, travel, and beauty.

    Why do people work with Nano Influencers?

    Brands Choosing Nano Influencer

    There are various reasons for why brands want to work with Nano influencers’ in spite of small follower base and less fame.

    A few reasons are:

    • Nano Influencers are Authentic. They are normal and they act normal, unlike many other macro-influencers. This helps them to gather audiences’ trust and makes them more relatable and approachable.
    • They tend to have high engagement rates and have a deeper sense of engagement with the audience.
    • Nano influencers believe in personal endorsement and their word of mouth recommendation helps the brands to get value.
    • Nano Influencers tend to provide an excellent return on investment. Brands choose to collaborate with Nano influencers because they do not have the fear of risking a high amount of money.
    • Nano Influencers are easy to work with people as they are much more agreeable to the terms decided by the brands. They do not demand much from the brands and work with utmost efficiency almost at all times.

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    Benefits of working with Nano Influencers

    High Level of Engagement

    In the year 2019, the Hype Auditor stated that the engagement rate of Nano Influencers has been twice as high as that of the other group of influencers. Nano influencers have become more approachable since they haven’t reached celebrity status. This helps their collaborators reach the right masses with excellent engagement rates. It is a fact that when the engagement rate is high the ability to reach the masses is increased and automatically the cost invested by the investor reduces per impression and engagement.

    Closer relationship with the audience

    It is often said that the connections made by Nano-influencers with the masses are very strong. Due to their personalized dialogue and one on one communication with the audience, they tend to be more intimidating and engaging. When the masses comment on their post, Nano Influencers often reply to almost all the relevant ones, understand them well, and make good relationships with them.

    Since, Nano Influencers just start their paths to become famous, they tend to be more enthusiastic and loyal towards their followers and hence they love to interact with them. As a result, this helps them to gain higher trust and engagement from the audience. When a brand collaborates with them for an exchange of minor payment or a freebie, they happily agree to join hands and deliver the rightful content.

    Trust of the audience

    Trust of Audience

    Nano Influencers are creators who are very careful about choosing a product or service that they want to advertise and the reason behind this so that they do not want to disappoint the handful audience that they have with them. Since they are friends with most of their followers, they tend to choose their adverts wisely. Also, this gives the brand a surety that the audience will trust Nano Influencers as they aren’t jammed with content line the macro-influencers. And the audience trusts nano influencers that they will the genuine and right advice to them.

    Can give a competitive edge

    Even today in India, people do not trust influencers that have a small audience. For a brand that trusts Nano influencers, this could be an edge over the competition. In today’s market Nano influencers are becoming more and more prominent because they come with loyalty and guaranteed results. Whereas many macro level influencers charge a high amount of money and give no results.

    More relevant influencers

    Nano influencers work for very specific categories and niches. This is why their content is preferred by their followers. Nano influencers can also help the brands to test and identify what works best in the market. They can help to know the response of the audience by seeing their reactions and engagements.

    Cost-friendly option

    Many Nano influencers tend to be very cost-friendly and cost-effective. The reason is that they work in exchange for a very nominal fee or in fact, might also work against freebies or gifts. According to a survey conducted by Social Public, less than 45% of Nano influencers prefer monetary compensations. Such researches confirm that Nano influencers are proven to be cost effective and also are beneficial for most brands that collaborate with them today.

    More dedication

    Nano Influencers are considered to be Instagram lovers in the Indian marketing platform. They are usually passionate about their work and maintain their feed and content as a hobby. With the zeal and spirit of their work, they create fruitful content and produce quality work as compared to large influencers.

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    Cons of working with Nano Influencers

    Low level of expertise

    Macro Influencers charge heavy price because they have a strong follower base and also carry expertise, where as Nano influencers do not have much experience and expertise in the subject matter. This might be a cause of concern for a lot of brands as many want to work with people who have a high level of expertise.

    Limited reach

    One of the disadvantages of connecting your brand with Nano influencers is that their reach is very limited. A lot of times their average engagement rate is also just 2% to 3% which proves to be not very beneficial for the brands.

    Difficult to measure the performance

    Since Nano influencers have low data volume, it becomes hard to measure their performance. Also, many Nano influencers don’t use business accounts and stick to regular accounts. The problem with regular accounts is that they do not provide robust and detailed analytics about the posts and engagements.

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    FAQ’s

    What is a Nano influencer?

    Nano-influencers are your everyday social media users, with anywhere from 100 to 10,000 followers.

    Are they professional influencers?

    They aren’t professional “influencers” in any way – and the majority of their posts feature typical content like photos of their family, friends, cat videos, and memes.

    How much do Nano influencers get paid?

    Nano-influencers get paid around $5–$25 per post.

    What is smaller than a Nano influencer?

    The hierarchy of influencer is as follows-

    • Mega: 1 million + followers.
    • Macro: 100,000 – 1 million followers.
    • Micro: 10,000 – 100,000 followers.
    • Nano: 10,000 followers or less.

    To answer the question, Nano influencer comes in the last type of influencers.

    Are Nano influencers effective?

    A Nano-influencer offers credibility and authenticity. They’ll help you market to the target audiences that matter.

    Why Nano-influencers are better?

    Nano-influencers are more engaged with their audience. Their smaller following means it’s easier to establish meaningful communication and connection.

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    Conclusion

    Nano-influencers are the new breed of influencers that are emerging recently. They tend to have a smaller number of followers in comparison to micro influencers, less than 10,000 followers. A Nano-influencer is a person who has influence within their community and is more popular locally. This can be someone who has influence in the local neighborhood or community. For example, the person might be a local pastor, local community leader or local government leader. Or a person who is popular in his local community with followers less than 10,000.

  • Top Startup Incubators in China

    China, the hub of manufacturing and with the most advanced technology. China is developing every day with an exponential graph. Since 2000 till now, there have been rapid changes in its development. It has developed dozens of technical investment booms.

    It encourages and supports startups thoroughly and the result is, there are tons of startups emerging in China. These thousands of startups go through the incubator as well as accelerator program every year, in China.

    Therefore, there are tons of accelerators and incubators in China. People often get confused between incubator and accelerator, well, these two have a major lining difference, that is, Accelerator enhances or accelerates the speed of your existing business. But, the incubator works for bringing out innovative and great ideas to any business.

    The incubator is a major necessity for any startup to get started with the development. It encourages innovation and comes out with some very incredible plans for the business.

    In this article, we present you with the Top Startup Incubators in China. Let’s get started.

    Beijing Makerspace
    Kungfu Startups
    The Mills Fabrica
    Garage Cafe
    Bitblock Group
    Tencent Public Space
    FAQ

    Beijing Makerspace

    The very famous and the biggest market space in Asia, Beijing Makerspace was established in the year 2011 in Beijing also known as Silicon Valley of China. Beijing Makerspace has offered services to over 30 startup companies and also, many entrepreneurs as per the record of 2015. More than 300 people from Beijing have registered for Beijing Makerspace’s services and membership.

    It is very promising and by the time of August has raised more than 60 million USD in venture capital. This rounded as the total project value of 310 million USD (RMB 2 billion). Beijing Makerspace has served several businesses and brought many profitable deals for them. The incubated programs which have been offered by it have raised up to 54 million USD (350 RMD).

    Kungfu Startups

    The startup incubator, Kungfu Startups  renowned by Microsoft china and Zhangjiang Hi-tech Park is very prominent in China. It works by directing its focus towards Mobile, IoT, Big data, Cloud, Al and provides its customers with the services of access to different Microsoft applications.

    Kungfu Startups provides the proper services of investors as well as the multinational from Zhangjiang Hi-Tech Park to many startups that register for it. Kungfu Startups incubator is run by a big startup business, Sensoro, in the year 2013 that comes under the program of Microsoft china.


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    The Mills Fabrica

    The seed & early-stage venture capital and startup incubator, The Mills Fabrica is well known in China. It was founded in the year 2015 in Hong Kong, China.

    The Mills Fabrica focuses on working with those startups which have a huge range of sectors and technologies. Its venture capital investments are ranged around $100 Thousand to $2 Million.

    Number of unicorn companies in China by industry
    Number of unicorn companies in China by industry

    Garage Cafe

    The first incubator enterprise, Garage Cafe established in 2011 April is based on the Inno-way in Zhongguancun. It offers a working space to young entrepreneurs at the price of a cup of coffee. It is a café based investment and startups that offers several services to over 20 teams that include investors, startups and media.

    These programs started in May 2015 as the Member Club with the team of entrepreneurs. And now, it has grown with more than 300 entrepreneurs and with around 40 suppliers. The annual revenue of Garage Cafe is more than 100 million RMB.


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    Bitblock Group

    The very prominent cryptocurrency and blockchain venture capital and incubator firm have its offices located in different countries that include Boston & Rio (US), Beijing (China), Moscow(Russia), Seoul (South Korea) and Singapore. Bitblock Group was founded in the year 2017 in China.

    Bitblock Group works with digital asset investments that are in early-stage. Also, focus on the financial services, IoT and other Al sectors.

    Besides, it offers several services that are based on incubation projects such as financial advisory, customer retention management and selling point devising.

    Tencent Public Space

    Tencent Public Space is a project which is completely deviated from the digital online services, offers a service provider for the startups conceived by Tencent and also, an open platform for work. It does not depend on online services but instead, it focuses on the training services and marketing strategies by providing the required space for the startups to initiate.

    Tencent Public Space was established in April 2015 in Beijing, Shanghai and Tianjin, China. By the time of November, it incubated more than 176 startups and later, by December it expanded its territory to other cities as well such as Wuhan and Guangzhou. It holds the capacity of handling over 500 teams and has a space of around 50,000 m².

    Tencent Public Space gained some great profitable deals. From the three years of its establishment, it covered over 100 enterprises whose values are counted as over 15 million USD and turned out with 1.5 million USD (10 billion RMB).

    FAQ

    What is a startup incubator?

    Incubators are designed to help entrepreneurs in its early stage and deal with most of the problems associated with launching a startup.

    How do incubators help startups?

    Incubators are an organization, platform or team of experienced professionals that helps startups bootstrap during its early stages and often provides mentoring, guidance, co-working space and also at times some funding.

    What is incubation period for startup?

    Incubation period of most startups are 6-12 months.

    Conclusion

    China promotes startups with great services and offers. Therefore, incubators are a very profitable business in China. Thousands of startups require tons of accelerators and incubators. And, China does not fail in providing them with this service.

    On Beijing street, the incubators number rose from 23 to 40 in just one year. Several famous and prominent investors pour their interests into incubator marketing and services. With the rising development and evolution of technology in China, there are tons of services and markets which would provide you with the best assistance in your startup and businesses.

  • Top 5 Most Profitable Franchise opportunities in Mumbai

    When starting a business, several things cross your mind. It could be very tacky and an uphill battle but, when it gears up and the business model succeeds, it could be very rewarding and pays pretty well. That’s why most of the time, entrepreneurs move towards the direction of buying a franchise model to make it more fascinating and the great success of fulfilling their dreams.

    Buying a franchise brings a lot of pressure as well as enthusiasm. It requires a proven business model and absolute work practices and experiences for the investment into a successful franchise, especially in Mumbai. Mumbai holds a huge category of business franchises that would be very beneficial to kickstart your business.

    Phixman
    KFC
    Giani’s
    Me n Moms
    Frozen Bottle
    FAQ


    Profitable Franchise to apply for:

    Franchise Application Category
    7th Heaven Apply Here Bakery & Cafe
    Biggies Burger Apply Here Burger Chain
    Chicago Pizza Apply Here Pizza Chain
    Let’s Transform Salon Apply Here Beauty & Wellness
    Meatwale Apply Here Food & Services
    Frozen Bottle Apply Here Beverages & Cafe
    Moti Mahal Apply Here Restaurant
    Pepperfry Apply Here Furniture


    What is Franchise Business?

    Franchise Business is an absolute business model where you own the authority and right to use someone’s company’s brand name, business model and production for a certain signed period. In order to own a brand’s name, you have to invest a small capital and sign a deed along with all the verified terms and conditions.

    When you are a fresher in the business field, franchise businesses are the right and precisely chosen for you. Because it brings the maximum chance of success as the brand has already built its name in the market and gathered several potential and promising customers across the country. Therefore, it would save tons of your money in advertising, marketing and digital branding.

    In this article, we present to you some top business franchises in Mumbai, India. Stay tuned!

    Phixman

    Name Phixman
    Founded in 2013
    Franchise Units 60+
    Investment 10-20 Lac
    Apply to Phixman Franchise Click Here

    Phixman
    Phixman

    Phixman is one of the profitable franchise in Mumbai that is available on digital platforms. It works for the development of repairing smartphones, laptops and tablets with advanced technology.

    It offers the service of picking the damaged device and then delivering it after the repair in just a day. The online mobile devices repair industry is developing with exponential growth. That’s why investing in one as Phixman franchise is an absolute profit deal.


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    KFC

    Name KFC
    Founded in 1952
    Franchise Units 400+
    Investment 1.5-2 Crore
    Apply to KFC Franchise Click Here

    KFC
    KFC

    A very famous and loving food brand across the world, KFC is quite famous for its fried chicken. Also, it has several vegetarian recipes as well. In India, KFC has been remarkably famous for its services and catering to everyone including vegetarians. This makes it one of the most profitable food franchise businesses in India.

    The minimal investment required of KFC is 1.5 to 2 Crore Rupees. The investment may seem pretty high and with this kind of business model and fame, the risk is absolutely low in starting a new fried chicken restaurant from nothing.

    Giani’s

    Name Giani’s
    Founded in 1956
    Franchise Units 100+
    Investment 10-15 Lac
    Apply to Giani’s Franchise Click Here

    The very prominent ice cream brand, Giani’s is known for its delicious, 100% vegetarian ice cream, kulfi and falooda. Giani’s prioritize its consumers’ preferences the most and provide the best quality possible. It has progressed with great graphs and become a successful brand in India.

    For entrepreneurs, Giani’s is one of the best possible business franchises with the basic requirements of 10-15 lakhs. It’s an amazing as well as a very affordable business opportunity. Giani’s has been serving with great quality and taste for more than 50 years. Therefore, it has gained some very promising customers. It’s a great start for entrepreneurs to gain success with their business.


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    Me n Moms

    Name Me n Moms
    Founded in 1994
    Franchise Units 100-200
    Investment 30-50 Lac
    Apply to Me n Moms Franchise Click Here

    Me n Moms
    Me n Moms 

    Me n Moms is quite a famous one-stop-shop for the vast range of baby products available online in India. It looks after its customer’s absolute convenience, hassle-free and fun experience of shopping.

    It provides a great category of baby products such as Baby Footwear, Bathing essentials, Diapers, oral and skincare for little ones, baby apparel, travel accessories, nursing essentials, maternity wears for mothers, toys and many more. It looks after the total comfort of the baby and mom both.

    The investment for this franchise is around 30-40 Lakhs. It’s a very fun-loving business franchise that would bring great success. It’s a well-known brand and mostly preferred by every mother. Me n Mom is the leading baby product shopping website in India, especially Mumbai. It brings a great deal and very loyal customers.


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    Frozen Bottle

    Name Frozen Bottle
    Founded in 2017
    Franchise Units 50+
    Investment 20-30 Lac
    Apply to Frozen Bottle Franchise Click Here

    Frozen Bottle - Franchise Opportunity in Mumbai
    Frozen Bottle – Franchise Opportunity in Mumbai

    Frozen Bottle, known for its extremely incredible premium thick shakes. It provides the best quality of shakes around Mumbai and also, other states where it’s franchises are established. It is quite famous for serving the excellent quality of milkshakes and custom-made cakes along with its jars.

    Frozen Bottle offers several training and learning programs to their franchise outlets to make it as incredible and fine as the original one. Frozen Bottle has been running for several franchises in different parts of Mumbai and they have been proven very successful.

    Its investment would cost up to 20-30 Lakhs approximately. For young entrepreneurs, Frozen Bottle is a great business franchise deal to make their success in a very short period. It provides great sustaining quality of shakes and has a great number of promising and potential customers. Frozen Bottle is a well-known brand and absolutely low-risk business.

    FAQ

    Which franchise is best in Mumbai?

    KFC is one of the most profitable franchise in Mumbai.

    What is the cheapest franchise to start in Mumbai?

    Giani is one of most low cost franchise to start in Mumbai with basic investment of 10-15 lakhs.

    Are franchises a good investment?

    If you want to own a business, but don’t have an idea to build it from scratch, a franchise can be a great option.

    Conclusion

    Business franchises are a great way to gain success in the marketing business. It serves the customer with the value of a promising product. Initiating any business could be very tacky as it requires non-distributive attention and certain investment in advertising, marketing, digital branding and many more such tasks. This requires a lot of time and the success rate is also low.

    Therefore, a business franchise acts best in this and Mumbai is a great place to start your own franchise. It has already built a well-known name in the market and potentially loyal customers as well and the success rate is quite high.

  • Challenges Tesla will Face in India

    Tesla, the electric vehicle manufacturer of Elon Musk, is set to start selling its base model in India in the near future. While many of its fans in India were jubilant about Tesla’s entry, capturing the market can be the most daunting challenge the company has had until now.  A Bloomberg article notes that Elon Musk is negotiating the opening of showrooms and possibly a factory with other Indian states Galuru branch. In India less than 1% of vehicles sold are electric vehicles, according to the Bloomberg report. The launch of Tesla’s business in India will pose a significant challenge for the company. Let’s have a look at the Challenges and Difficulties Tesla might face in India.

    Elon Musk’s clean energy and electric vehicle company Tesla will start operations in India early next year, confirmed Union Minister for Road Transport and Highways Nitin Gadkari.

    Tesla is initially expected to sell its vehicles in India, and Tesla would also look at setting up a manufacturing facility at a later stage depending on demand, Gadkari told The Times of India. At a recent media event, Gadkari said there is focus on developing electric cars and added that a lot of Indian firms are also looking at developing electric cars. Ultimately, Tesla ended up setting up its unit in Bengaluru.

    Challenges for Tesla in India
    Tesla’s Pricing Challenge and Customer Base
    Challenges for Tesla in India – Conclusion
    Challenges for Tesla in India – FAQs

    Elon Musk’s Tesla enters Indian Market

    Challenges for Tesla in India

    India announces steps to improve the country’s Electronics sales but they may not be sufficient to increase the sales of Tesla’s costly EVs. In 2015, India launched the Faster Adoption and Development of Hybrid and Electronic vehicle (FAME), which includes a INR 900 crore pledge to subsidies for electric tricycles for busses, as per the International Energy Agency, with a Faster Adoption and Development of Hybrid and Electronic vehicle (FAME). Another FAME program with INR 10,000 Crore was launched in 2019 to enable people to buy electricity supplies and build charging infrastructure. In addition, by August 2019, the government has reduced the Goods and Services Tax GST on electricity vehicles to 5 percent.

    The tax rates for cars in India are one of the highest in the world. This includes a 28% Goods and Services Tax (GST) and charges ranging from 3% to 22%. Though subsidies for electric cars exist in places like New Delhi, they are not sufficient for more people to afford Tesla’s cars. High taxes deter demand, and thus the attractiveness of economies of scale to consumers is reduced for manufacturers. For international brands, that was disastrous. Toyota announced last month that further growth in India will be stopped due to high taxes. Harley Davidson’s decision to leave the market  recently was allegedly attributed to higher taxes. Last year, Ford announced its move to a joint enterprise for the most part of its assets. So, it will be challenging for Tesla because big companies are pulling out because of higher taxes.


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    Tesla’s Pricing Challenge and Customer Base

    In India, Tesla’s greater challenge is pricing. Given that Tesla’s costly bids would not be eligible for EV subsidies in this region, Bloomberg New Energy Finance (BnEF) Analyst Allen Tom Abraham told Bloomberg that the top limit for EVs in India to eligible for subsidies is INR 15 lakh. It is worth noting that Tesla Mode l3, built in China, is started at 2,65,740 yuan or almost $41,000. The cost of crossing Model Y from Shanghai begins with 339,900 yuan. In addition to the price the export prices and charges on the Tesla cars will not be met for the majority of customers when they arrive in India.

    It is about half that of China’s average prices and just 25% of USA’s average vehicle prices. This suggests that Tesla’s cheapest car in India will attract just around 1% of the market, says Abraham. Tesla would therefore have a marginal sales volume in India. While Tesla is facing challenges, India’s demand for electricity is now at a rising stage and, according to a study conducted by Council of Energy, Environment and Water (CEEW) for Energy Finance, Energy value in India could reach up to $206 billion in the next decadence. If it is to succeed, Tesla must keep its commitment to India. This is not the first time that Tesla CEO Elon Musk promises to visit India, as most musk watchers know.


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    Challenges for Tesla in India – Conclusion

    Tesla would open its Model 3 vehicle pre-bookings, and deliveries would take place later this year. In India, the other Tesla models will be Model X, Model S, and Model Y, with approximate prices of INR 2 crore, 1.5 crore, and 50 lakh respectively. There is no chance of the business working with dealer companies in order to sell their vehicle. Potential buyers should note that while Model 3 is one of the more affordable cars in Tesla, it is not cheap to get to India, since it will be fully-built (CBU) cars with a high import duty. Although the prices are not confirmed, reports show that Tesla Model 3 could cost INR 55 lakh in India.


    The long-awaited launch of Tesla in India
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    Challenges for Tesla in India – FAQs

    Is Tesla cars available in India?

    As of April 2021, they are not. But Tesla has already set up its unit in Bengaluru so it is assumed that they will be made available very soon.

    Where has Tesla set up its Units in India?

    Tesla has set up its unit in Bengaluru, India.

    What will be the prices of Tesla in India?

    It is expected that the pricing for Tesla in India will start from INR 55 Lakhs.

    Why is Tesla so expensive?

    Tesla’s cost more than average cars due to its use of cleaner energy sources and it’s advanced technologies. In India, other than import taxes they will also not be eligible for EV subsidiaries in India. This would be a challenge for Tesla.

    Which Tesla car is coming to India?

    Tesla Model 3, Model Y, Model S, Model X with approximate prices of INR 55 lakh, 50 lakh, 1.5 crore and 2 crore respectively.

  • GoDaddy – Story of the Biggest Domain Provider

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    Want to start your own business? Want to become an entrepreneur? Want to have a beautifully created and a unique website of your own? A domain name is important too right? Fast hosting is desired by all but we don’t know how many of us get to experience this.

    GoDaddy is a platform for entrepreneurs to dream big and grow their online business around the globe. It helps all by giving the required tools the customers need to develop their website online. Read the GoDaddy success story below.

    GoDaddy – Company Highlights

    Company Name GoDaddy
    Headquarters Scottsdale, Arizona, US
    Sector Customer Service, Cyber Security, E-Commerce and Web Development
    Founder Bob Parsons
    Founded 1997
    CEO Aman Bhutani (Sep 2019-Present)
    Website godaddy.com

    GoDaddy – About
    GoDaddy – Startup Story
    GoDaddy – Founder and Team
    GoDaddy – Logo
    GoDaddy – Business Model
    GoDaddy – Revenue Model
    GoDaddy – Funding
    GoDaddy – Growth
    GoDaddy – Competitors
    GoDaddy – Future Plans
    GoDaddy – FAQ’s
    GoDaddy – Conclusion

    GoDaddy – About

    GoDaddy is a place for small businesses. It offers all sorts of tools that are needed to manage and grow the business online. From website creation to domain names it solves all kinds of equations. It is the world’s largest web hosting and domain name registrar provider.

    20 million customers worldwide trust GoDaddy to support them through their professional services and features, including:

    • Domain names and hosting
    • A website builder with custom themes tailored to your industry
    • GoDaddy email and email marketing services
    • 24/7 support with our friendly GoDaddy Guides

    GoDaddy – Startup Story

    The company was founded in Maryland by an entrepreneur named Bob Parsons. The company came into existence after he sold his software services company. In the same year, he retired and founded a new company, Jomax Technologies which later in 1999 changed its name and became GoDaddy.

    GoDaddy – Founder and Team

    Bob Parsons, Founder, GoDaddy

    Bob Parsons is the founder of GoDaddy. He is an American billionaire, philanthropist, and entrepreneur. He was born in the year 1950, November 27th. He is a man of 70 years. In 2011, July, he sold 70% of the company and resigned as a CEO. He served till 2018. He is also the founder and CEO of YAM Worldwide, Inc. His rank is no. 378 on the Forbes 400 list of The Richest People In America currently.

    His parents were hardcore gamblers which is why his family struggled a lot financially. His father was a salesman and his mother was a homemaker.

    Parsons says,

    “I have earned everything I have ever received.”

    Aman Bhutani is the CEO of GoDaddy who took the position in Sep 2019.

    GoDaddy Logo

    GoDaddy – Business Model

    GoDaddy concentrates on the mentioned below business segments –

    • Domain name services – domain name privacy, aftermarket domain name transaction and primary domain registration.
    • Web presence – digital marketing, web security products, online store building and website builder.
    • Web hosting – VPS, dedicated server hosting and shared.

    It serves customers worldwide. It targets customers like business owners, freelance professionals, etc. The company also has got a range of customers featured on the official website of theirs. GoDaddy brand adds value to its products. The company is known by all because of its efficient services.

    GoDaddy – Revenue Model

    The company has got a Reseller Program. Here individuals can sell GoDaddy products with full support and assistance. It is available on a subscription basis with basic and premium packages priced at £6.34 and £10.50 per month respectively. Affiliate Program targets especially blogs, websites, etc. which can earn an amount from customers generated for GoDaddy with support from the company without any fees. Revenue is generated through the sale of domain registration services, security services and web hosting. There are subscription packages for various sorts of hosting.


    Creative ways to make money with GoDaddy site, the domain name provider
    Godaddy is one of the most popular domain registrar to buy domains and webhosting. GoDaddy offers amazing deals and discounts to save money in domainregistration, domain transfer, hosting, and so on. Affiliate marketing is a proven method to generate extra income from yourblogging and social med…


    GoDaddy – Funding

    GoDaddy has raised an undisclosed amount in funding from the 2 funding rounds.

    Date Transaction Name Money Raised Lead Investor
    December 1, 2012 Series A
    December 1, 2011 Venture Round

    GoDaddy – Growth

    The company has now exceeded 20 million customers. Investment marketing is expected to continue at a faster rate as unit economics improves itself every quarter. The website creating platform has seen good revenue growth with new users. This happened because subscriptions are more accessible than before. In the WordPress ecosystem, Go Theme is in the top 8 out of 8000 available themes. The company is seeing a significant growth process with both accelerated monthly and yearly users.


    Facebook Offers Free Website Building As part Of Its Hosting Services
    After starting WhatsApp Business to generate new revenue streams, Facebook hasnow entered hosting services, announcing one of its own taking on fellowcompetitors Wix and GoDaddy [/how-to-make-money-with-godaddy/]. According to reports, the new hosting services will attract interests from smallan…


    GoDaddy – Competitors

    The top competitors of the company are Endurance International, Donuts Inc. and United Internet.

    • Endurance International is the top competitor of GoDaddy. It is headquartered at Burlington, Massachusetts and was founded in 1997. The company competes in the Digital Marketing field.
    • Donuts Inc is one of the top competitors of GoDaddy. It is headquartered at Bellevue, Washington and was founded in 2010. It operates in the Internet Software industry.
    • United Internet is also one of the top competitors of GoDaddy. It is headquartered at Montabaur, Rhineland-Palatinate and was founded in 1988. It works in the Networking and Electronic Equipment field.

    Top 10 Customer Support Solutions for Startups for 2020
    We all are familiar with the business mantra, “Customer is King”. But what doesit imply? It asserts the importance of customers and their satisfaction for anybusiness. When it comes to startups, you need to go the extra mile to win customers and itundeniably starts with strengthening your custom…


    GoDaddy – Future Plans

    The company is aiming towards the small, medium and independent businesses in the Tier II and Tier III cities of India to drive its revenue growth to the next level. It is also looking forward to providing end to end management of businesses than just being a product seller.

    GoDaddy – FAQ’s

    What is GoDaddy?

    GoDaddy is a platform for entrepreneurs to dream big and grow their online businesses around the globe.

    What services does GoDaddy provide?

    It offers all sorts of tools that are needed to manage and grow the business online. From website creation to domain names it solves all kinds of equations.

    Who is the founder of GoDaddy?

    Bob Parsons is the founder of GoDaddy. He is an American billionaire, philanthropist, and entrepreneur.

    Who is the CEO of GoDaddy?

    Aman Bhutani is the CEO of GoDaddy who took the position in Sep 2019.

    What was GoDaddy previously called?

    GoDaddy was previously called Jomax Technologies which later in 1999 changed its name and became GoDaddy.

    GoDaddy – Conclusion

    GoDaddy is on a mission to make entrepreneurship more inclusive for all with support, tools and insights. If you’re just starting out or already have a venture, the GoDaddy team is ready to help you take your idea online and share it with the world.

    Tune in as GoDaddy guides small business owners toward success through the power of a strong online presence. From branding your business to building a website and setting up email, you’re in the right place to get everything you need to be online.