The idea of welcoming a couple of strangers into your home is scary. And so it letting yourself stay in a strange home is. But almost a decade ago, some brilliant minds saw an entrepreneurial opportunity in this and launched Airbnb. These brilliant minds are none other than Brian Joseph Chesky, Joseph Gebbia, and Nathan Blecharczyk who launched Airbnb in 2008.
Airbnb is nothing but an accommodation marketplace that provides access to over 6 million unique places to stay comfortably and at their leisure in nearly 100,000 cities and 191 countries. Interestingly, Airbnb also offers access to local communities and interests through more than 30,000 activities run by hosts across over 1,000 markets around the world so that you can be a traveler and not just a tourist. It entered India in 2016. Since its inception in India, the company has around 45,000 listings with Goa being it’s a most popular network with 6000 listings.
So all in all, one can safely say that Airbnb is an online marketplace that connects locals who want to rent out their house to immigrants who are looking for accommodations in the local area.
Airbnb – USP and Innovation
There are quite a few unique selling factors of Airbnb including a combination of factors, but the highlights are primarily the financial ones.
The guests who come through Airbnb get good value accommodation with a wide array of price points that the user can choose from. This ranges from a few pounds a night to hundreds and thousands with often such prime locations where a hotel would cost infinitely more than Airbnb accommodations.
Airbnb hosts can cash in more on spare space that they have available in their homes. So it’s a win-win for the guests and the hosts and also for the platform, Airbnb.
Airbnb – Founders and Team
Brian Joseph Chesky, CEO – Brian is a very known American technology entrepreneur and also the co-founder and CEO of Airbnb. Chesky was named one of Time’s “100 Most Influential People of 2015”. Chesky attended the Rhode Island School of Design and received his Bachelor of Fine Arts in Industrial Design. Post that, Chesky worked as an industrial designer and strategist at 3DID, Inc. in Los Angeles. And then he went on to co-found Airbnb with his fellow co-founders.
Joseph Gebbia, CPO – Joseph is one of the finest designers and Internet entrepreneurs around the globe. Joseph has quite a few recognitions on board like he was listed in BusinessWeek’s Top 20 Best Young Tech Entrepreneurs in the year 2009, followed by being named in Inc. Magazine’s Thirty Under Thirty in 2010, and in 2013, he was named in Fortune Magazine’s Forty-under-Forty.
Nathan Blecharczyk – Nate is an American billionaire businessman. He is the co-founder and chief strategy officer of Airbnb. Also, he is the chairman of Airbnb China. Nate is a Harvard Graduate and was working as an engineer at OPNET Technologies before co-founding Airbnb.
Airbnb – How did it start?
In case you’re wondering how Airbnb actually started? This is how it did. The Airbnb story is full of determination and adventure. All of it started in 2007 when Airbnb founders Brian Chesky and Joe Gebbia had just moved from New York. They were legit surviving without employment and were having serious trouble paying their rents. So to overcome this situation, they were looking for a way to earn some extra cash. And it’s during this time that the co-founders noticed that all hotel rooms in the city were booked because there were a lot of visitors coming to the local Industrial Design conference.
The young and talented minds saw an opportunity here and following that, they bought a few airbeds and quickly curated and put up a site called “Air Bed and Breakfast.” Their idea was quite basic and it was all about offering visitors a place to sleep and a lush breakfast in the morning. This freshly turned entrepreneur duo charged $80 to the visitors for each night.
And it quite turned out that their idea succeeded and the first Airbnb guests were born. And they were a 30-year-old Indian man, a 35-year-old woman from Boston and a 45-year-old father from Utah sleeping on their floor. And that’s how Airbnb was born.
Airbnb – Startup Launch
Airbnb started in 2008. But it came to India almost after 8 years of its inception, i.e., in 2016. Soon after Airbnb’s launch in India, it announced a strategic partnership with India’s largest media conglomerate, The Times Group. This association was done in order to expand Airbnb’s operations in the country and build a more channeled and a localized network. It had just been a year after this collaboration that Airbnb launched a travel category called Trips. This was initially available in Delhi and then later expanded to Goa.
In June 108, Airbnb launched ‘Experiences’ in its ‘Trips’ category to offer its travelers the chance to explore unique destinations by providing them with handcrafted activities powered by locals.
“We have offered Experiences in New Delhi and Goa and the product is doing quite well. It grew over sixfold last year, and will continue to grow at a very fast rate,” said Nate.
This is how the business model of Airbnb works. Airbnb is an online marketplace, which lets its users rent out their properties or spare rooms to guests. In this process, Airbnb takes 3% commission of every booking from the hosts, and between 6% to 12% from the guests.
Airbnb offers a plethora of criteria to list for or search property in a particular destination. These criteria range from locating or renting a shared room to a complete house, to having a lavish swimming pool to having basics like TV and washing machines. There are pictures of the property listed on the site, and both the hosts and the guests get a full map listing.
Airbnb – Competitors
Though the concept is new and recently gained all its popularity, Airbnb still faces tough competition in India. Its main rival in terms of market standing in the country is a homegrown hospital chain namely, Oyo Hotels and Homes. Though both are different in how they run and operate, they still cross paths as both of their end customers are the same. Oyo mainly operates as a full-stack fulfillment-led model where it normally acquires the entire hotels and homes on a franchise-based or leasing model and then goes on to renovate the same. Whereas on the other hand, Airbnb focuses majorly on the homestay accommodations.
Airbnb – Funding and Investors
Airbnb has received an all-round of $4.4 billion in funding over the years and currently is being valued at $35 billion.
In January 2009, in just one year of its inception, Airbnb received $20,000 in venture funding from Y Combinator.
The next funding round came in April 2009, when Airbnb raised $600,000 from Sequoia Capital, with renowned participants like Youniversity Ventures partners Jawed Karim, Keith Rabois, and Kevin Hartz.
This was followed by funding round in November 2010, where the company raised $7.2 million in Series A funding led by Greylock Partners and Sequoia Capital.
Then came the mega funding year, July 2011, when the company went on to raise $112 million in financing round which was led by Andreessen Horowitz. Other investors who participated in this funding round were Digital Sky Technologies, General Catalyst Partners, and A-Grade Investments partners Ashton Kutcher and Guy Oseary.
In April 2014, Airbnb again closed an investment of $450 million by TPG Capital. Right around the same time, it acquired additional funding by Andreessen Horowitz, Sequoia Capital, Dragoneer Investment Group, T. Rowe Price and Sherpa Capital.
Then came the June 2015 funding, when Airbnb raised $1.5 billion in Series E funding. This round was led by General Atlantic, and there was also some huge participation from Hillhouse Capital Group, Tiger Management, Kleiner Perkins Caufield & Byers, GGV Capital, China Broadband Capital, and Horizons Ventures.
In September 2016, the company raised a grand amount of $555.5 million in a funding round led by Google Capital and Technology Crossover Ventures.
And then again a year later, in March 2017, the company raised $1 billion in funding, which brought its total funding to more than $3 billion and at this point in time Airbnb was valued at $31 billion.
It’s latest funding round happened in September 2018, where it came to raise $25.92 million from two undisclosed investors.
Airbnb India hosts collectively earned more than to $28 million (over Rs 190 crore) till date
The Indian hosts have welcomed more than 800,000 guests
Guests in India, through Airbnb, spent $61 daily, on an average
Airbnb has seen a steady rise in popularity in India over the years and the number of listings is increasing at an increasing rate of 150%
Airbnb’s business in India has doubled over the years
On average, 1.8 million Indian have used Airbnb in its 4 years of operations in India
Airbnb India recently signed a strategic partnership with its main competitor, OYO Rooms. One of the prospects of this association include listing OYO’s properties on Airbnb
Airbnb recently introduced ‘Plus Homes’ in India, where the company is featuring homes with high ratings.
Globally, Airbnb has over 2 million listings
And is currently active in over 190 countries and 34,000 cities.
Airbnb hosts, throughout the world, have hosted over 40 million guests.
The company is worth an estimated 35 billion
Airbnb – FAQs
What is Airbnb?
Airbnb is an online marketplace that connects locals who want to rent out their house to immigrants who are looking for accommodations in the local area.
How does Airbnb work?
Booking is made through Airbnb where the traveller pays the amount mentioned by the host and some additional money as transaction charges. The host approves the booking. Traveller stays there and finally, Airbnb pays the amount to the host after deducting their commission.
Who are the competitors of Airbnb?
Airbnb competitors in India:-
HomeToGo
FlipKey
OneFineStay
Vrbo
HouseTrip
What are the rules for an Airbnb?
Some common house rules examples that many Airbnb hosts include in their listing pages:
In the first quarterly results of the leading lubricant player Castrol India, there was a huge rise in their profit and almost doubling of their net income compared to the previous year. It was announced during the company board meeting which was held on 26 April 2021. Let’s look at the reasons why Castrol India saw a huge profit in the Q1 of 2021.
Castrol India is an automotive and industrial lubricant manufacturing company. The company owns around 20% of the market share in the overall Indian lubricant market. The company was founded in the year 1910 and has its headquarters located in Mumbai, India.
The company comes under the oil and gas industry. Some of the products of the company include Oil, petroleum, petrochemical and lubricants. In India, Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants.
In various parts of the country, there has been a slowdown in the industrial activities due to the second wave of the pandemic. The company has said that there have been disruptions in the supply of base oil, availability of raw materials and certain other challenges such as logistics and rupee depreciation.
On 26 April 2021 during the board meeting of Castrol India, the company had announced that its net income had more than doubled itself compared to the previous year. The first quarter net income for the month of January to March was about INR 243.6 crores against the previous quarterly results which were about INR 125.2 crores.
The revenue of the company had grown to INR 1,138.7 crores in the first quarter from the previous year of INR 688 crores. The revenue of the company for the previous year which ended in December 2020 was about INR 2,996.9 crores and the net income of the company was around INR 582.9 crores.
For the first quarter of 2021, the company’s revenue from operations has seen a growth of around 66% which amounted to INR 1,138.7 crores and Castrol India had seen their profit grow to more than double to INR 243.6 crores compared to the previous quarters INR 125.2 crores.
The quarterly results were said in a statement by the Managing Director of Castrol India, Sandeep Sangwan.
One of the main reasons for the increase in profits and the net income of the company is due to its exponential growth of the revenue of Castrol India. The Managing Director Sandeep Sangwan said that, the good numbers that were seen in the quarterly results were mainly due to the focused investment activities, actions and the interventions made by the company during the second half of 2020.
The above set of actions included the steps such as the building of the brand, corrective pricing, Increasing the marketing and spending on advertisements for building brands and the introduction of new products.
The achievement of the huge profit has also been supported by the improvement according to the trends and demand especially in the sales of SUV and tractor during the first quarter of 2021.
He said that the increase in cash from operations that is INR 269 crore in the first quarter of 2021 was mainly due to the implementation of a cost efficiency programme and judicious working capital management. The cash from operations of Castrol India is equivalent to 1.1 times of the net income.
Castrol is a U.K.-based producer of industrial and automotive lubricants for a global market.
Who is Castrol oil owned by?
Castrol is a wholly-owned subsidiary of BP PLC.
What does BP stand for now?
BP stands for British Petroleum Company Limited.
Conclusion
The covid-19 pandemic has made it hard for most of the industries and Castrol India has also conveyed that the second wave will have an adverse impact on their demand and supply. This may be seen in the further quarterly results announced by the company.
Nomura Holdings which is a Japanese brokerage house has recorded a steep loss for the first quarter of 2021. Nomura had also booked a loss in the previous financial year amidst the Covid pandemic. Let’s look at the reason given by Nomura holdings regarding the loss and the further steps taken by the company.
Nomura Holdings is a Japanese-based financial holding company that is one of the most important members of Nomura Group. The company was established in the year 1925 and has its headquarters located in Tokyo, Japan.
The company is part of the financial services, consulting and financial management industry. They provide their services to individuals, institutions and government customers on a global basis.
Some of the services provided by Nomura Holdings are Financial Services, Security Services, Retail Banking, Investment Management, Asset Banking and Asset Management.
Reason and Amount of loss
On 27 April 2021, Nomura Holdings has said that its losses from the collapse of a U.S investor Archegos Capital Management would amount up to USD 2.87 billion. This has put the Japanese-based Nomura Holdings under a steep loss.
In the first quarterly report, the company has recorded a loss of 245.7 billion yen which is related to the transaction with Archegos Capital Management. In relation to the same transaction, the company said that it will further book a loss of up to 62 billion yen in the current fiscal year.
In the first quarter, the overall loss booked by Nomura Holdings was around 155 billion yen (Around USD 1.4 billion). This is considered to be the first quarterly loss of Nomura Holdings in a year.
Nomura Holdings was one of the string of banks that were exposed to Archegos which is a New York-based investment company and family office which is run by Bill Hwang.
On 29 March 2021, Nomura holdings had already warned about the loss of around USD 2 billion which would arise from the transaction of the U.S client. Earlier Credit Suisse has also faced losses worth billions of dollars in regards to the transactions with Archegos.
Even the rival bank Swiss Bank UBS said on 27 April 2021 that it had lost an amount of up to USD 774 million from the trades which were linked to the same company. The quarterly loss of Nomura Holdings had increased to USD 2.3 billion as there was a decline in the value of the collateral.
As of 23 April 2021, the company has disposed of 97 % of the positions that are related to Archegos. The loss has occurred at Nomura’s prime brokerage unit through a business dealing with family offices and hedge funds.
Strategy of Nomura Holdings
Nomura Holdings has said that the company has reviewed all its positions in the units as well as the loans provided to the investors. The review has not shown any transactions which are problematic compared to Archegos.
The company said that it would focus on strengthening its framework in regards to the management of its risk by working together with the experts in the industry outside the company.
The CFO of the company Takumi Kitamura has said that this loss wouldn’t change the focus of the company on developing a business platform globally and doing business with the wealthy and risky investors.
He added that there wouldn’t be any change in their strategy of doing business especially with the overseas business that includes the trading business as well.
The CEO of Nomura Holdings, Kentaro Okuda had expressed a deep regret in regards to the huge loss faced by the company saying that otherwise, it would have been a great year for Nomura Holdings. He has promised that it wouldn’t be repeated.
He added on saying that they have created a lot of anxiety for their customers and shareholders and said that they will take the issue very seriously and make sure that such as situation will not repeat in the future by upgrading their risk management.
Okuda said that his responsibility is to create a platform to manage risk in a better way. The huge loss was recorded after Okuda finished his first year as CEO of the company. He was formerly the head of Nomura’s U.S operations.
Risk Management
In order to strengthen the risk management, the company has appointed a new CEO who was the former senior of J.P Morgan. The company stated Christopher Willcox was the new co-CEO and President of Nomura Securities International.
Willcox has worked with J.P Morgan and is a former CEO of J.P Morgan Asset Management. He has also worked with the Citi group for a term of 15 years.
FAQ
Is Nomura a Japanese bank?
Nomura is a Japanese financial holding company and a principal member of the Nomura Group.
What are the big 4 investment banks?
JPMorgan Chase, Goldman Sachs, BofA Securities and Morgan Stanley are the big 4 investment banks.
What is the meaning of margin call?
A margin call is usually an indicator that one or more of the securities held in the margin account has decreased in value. When a margin call occurs, the investor must choose to either deposit more money in the account or sell some of the assets held in their account.
Conclusion
The company has decided to focus on providing prime brokerage services to wealthy investors and to continue to do business with family offices. Kitamura added on saying that Family offices will continue to be one of the most important clients for them.
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 Udemy,India.
With everything around the globe turning more and more into the online or internet-based platform, Udemy is an online learning platform that provides to its customers courses’ videos on a good vary of topics like coding, videos and photos editing, personal and professional development, software tutorials, programming courses, and the list goes on and on…
Recently, Britannia Tiger Krunch has partnered with Udemy for promoting self defense among kids. They have launched defense classes for kids at a special discounted rate.
India is one of the company’s fastest growing market, with revenue and students doubling year-over-year. A local presence will enable Udemy to continue enhancing and localizing the student and instructor experience.
“Udemy’s rapid growth in India shows us the level of demand from students, instructors, and companies for affordable skills training. We are dedicated to our mission of improving lives through learning and expanding in India enables us to deliver on that promise,” said Gregg Coccari, CEO of Udemy.
Udemy offers a powerful platform for self-placed, non-degree learning regarding hard and soft skills to its customers. When you explore the content broadly, there are 13 categories: development, business, finance and accounting, IT and software, office productivity, personal development, design, marketing, lifestyle, photography, health and fitness, music, and teaching and academics. Each category is further divided into subcategories.
It has a wide range of content and is excellent resources for instructors as well as it provides them with the platform to come forward and sell their designed courses to the people needing the same. Several courses are taught by subject matter experts in languages other than English, including Spanish, French, Japanese, Portuguese, and German.
Talking about the best course in Udemy being sold to the customers, a generic question arises, where do the courses come from? To which let me enlighten, Udemy invites instructors and teachers who want to design courses and sell them on the platform. So, Udemy not just benefits the students by providing them with the in-demand best courses at their screens by few taps, but also provides a platform to the teachers to sell them to the students.
One needs a Udemy account for most activities on its platform including purchasing, enrolling in a course or to submit a course for publication.
The platform has more than 35 million students and 57,000 instructors teaching over 65 languages. There have been over 400 million enrollments. Students and instructors come from 180+ countries and 66% of the students are located outside of the U.S.
The Udemy logo is made up of two elements – a symbol and a wordmark. The symbol is handwritten and organic, to emphasize the personal connections being made between our students and instructors. The wordmark, set in practical sans serif type, is the structure and substance that makes their connections possible.
Udemy – How It Works?
Udemy works on 4 major lines and aims to provide the following to its students:
Convenience :
Udemy provides its students with the freedom to choose what and when to study. If a particular course is made available on the e-learning platform, students can enroll for it whenever they want because Udemy gives lifetime access it. Moreover, there’s no set time limit, so the students get to learn at their own suitable pace.
Variety :
Udemy has linked tutors from all around the world who teach a huge variety of subjects from business to the arts. It allows the students to learn whatever they want.
Affordability :
Some Udemy courses are free, and some are paid start from as little as $9. There are also a variety of udemy coupons and seasonal sale and discounts which help students to register themselves in courses at dirt rates. They also have an option to choose their preferred method of payment.
Certification :
Udemy certification courses adds credibility to your career. Udemy provides various certification courses to add up new skills, upgrade your skill, and enhance your expertise. It issues a certificate of achievement to students, a mark of completion of a particular course. Certificates can be saved as a .pdf or .jpg file so that you can easily share your accomplishment. In addition, certificates can be shared on Facebook, Twitter, and LinkedIndirectly from Udemy. The certificate of completion looks like this-
Udemy certificate
Udemy – Founders
Udemy was launched by Eren Bali, Oktay Caglar and Gagan Biyani in early 2010.
Eren Bali, Oktay Caglar and Gagan Biyani, Udemy Co-Founders
In 2007, Udemy founder Eren Bali built a software for a live virtual classroom while living in Turkey. He saw potential in making the product free for everyone, and moved to Silicon Valley to find a company two years later.
“Udemy differentiates in two major ways. First, students can learn on their own time. Many other services provide the ability to host live learning with teachers, but it is critical for students to learn via recorded content (videos and written articles) as well. Second, it develops a community around the course. We provide features so students can easily interact amongst each other and their instructor,” said -Gagan Biyani, (Indian-American) Co-Founder of Udemy
With a mission to improve lives through learning, it is the largest online learning destination that helps students, businesses, and governments gain the skills they need to compete in today’s economy. They enable anyone anywhere to create and share educational courses(instructors) and to enroll in these educational courses to learn(students). More than 35 million students are mastering new skills from expert instructors teaching over 130,000 online courses in topics from programming and data science to leadership and team building.
For companies, Udemy for Business offers an employee training and development platform with subscription access to 7,000+ courses, learning analytics, as well as the ability to host and distribute their own content.
Udemy for Government is designed to upskill workers and prepare them for the jobs of tomorrow. It is privately owned and headquartered in San Francisco with offices in Denver, Brazil, India, Ireland, and Turkey.
Udemy – Business Model
Udemybusiness model maintains a vigorous platform between instructors and students. Instructor create online courses as per their expertise and these are bought by students. It charges instructors a fee for every course sale made on its platform. The fee depends on how the user was acquired. It ranges from 3 to 75%. Additionally, it charges students annual subscription that gives its businesses (and their employees) access to the platform’s content.
Udemy – Revenue Model
Instructor Fees
There is no fee to create or host courses in Udemy. The firm makes money whenever a student purchases a course.
Consequently, revenue is shared with instructors. Depending on how the student was acquired, a different instructor fee applies.
This edtech Company has three revenue share tiers that it applies to its instructors:
Instructor Promotion: The student discovers the course through a coupon or referral link issued by the instructor. In this case, the instructor receives 97 percent of the revenue. An additional administration fee of 3 percent is applied by Udemy.
Udemy Organic: Organic sales occur whenever a student browses the e-learning platform and finds a course he/she is interested in. Furthermore, no instructor coupon is used when purchasing the course. In this scenario, Udemy and the instructor share 50 percent of the sales. Udemy charges a 30 percent fee for any sale made through the company’s Android or iOS app.
Paid Acquisition: In some instances, Udemy buys advertising slots on other platforms like Google, Facebook, or YouTube. Whenever students buy courses through paid marketing channels, Udemy takes a 75 percent cut of each course sale. Instructors can limit the amount of times and types of channels in which their courses are promoted.
For Business
Udemy For Business, as the name indicates, is tailored towards companies and their employees. Udemy for Business host courses including development, design, IT and software, data science, office productivity, management, marketing, personal development, project management, sales, among others.
Leading companies in India, including Wipro, Tech Mahindra, and Tetrasoft are using Udemy for Business so their employees can learn the latest skills and deliver the most innovative solutions for their customers. “We use Udemy for Business because we want to provide a learning platform for our employees across the globe where they can learn anytime, anywhere. With short bite-sized lectures and some of the best professors globally, our employees like learning on the platform because it’s easy to pick up new skills,” says Anurag Seth, VP & Head of Talent Transformation at Wipro, a leading global information technology, consulting, and business process services company.
It offers two subscription plans, depending on the size of the team. The teamplan is aimed at learning groups of 5 to 20 users. The company will have to pay $360 per year and user. Consequently, the Enterprise plan is suitable for all teams above 21 or more users. Hereby, pricing is available upon request by contacting it’s sales team. Furthermore, the Enterprise plan offers a few additional features. These include custom categories and learning paths, no language limitation (the Team plan is limited to English only), custom user groups, tracking user activity, Slack integration, and many more.
Udemy – Prices
With so many perks attached to its name, this is another generic question. There are both paid and free courses on Udemy. But to describe it in layman terms, nothing worth comes for free. So, yes the free courses aren’t as up to the mark as the paid ones. One needs to pay for Udemy courses one by one or can get access to more than 4,000 any time with a Business subscription. Unfortunately, the price is a little high, and you need a minimum of five people for a Business account. Some popular online learning platforms feature a membership system, but Udemy is a pay-per-course service. Udemy Courses ranges from $9 to $300, and the company frequently hosts sales.
It accepts international debit and credit cards, e-payments and bank transfers. The company offers a 30-day money-back guarantee.
Udemy – Courses
The expert turn of events and programming courses are strikingly like the ones you can discover on LinkedIn Learning with proficient teachers. From the student’s viewpoint, you’re generally watching a talking head and incidentally perusing list items or synopses that show up on the screen.
You can discover the frail substance and self-serving educators if you burrow. One can even let the instructor know the doubts while studying the course which the instructor/teacher answers accordingly. The doubts and questions of other users which have been already answered by the instructor also appear to the student which helps in solving their doubt at earliest.
Every learner or student has to have a Udemy account to enroll or purchase a course. As the student purchases a course, it gets saved under ‘my learning’. The student can study them accordingly. The progress made while studying them is also displayed to the user including the number of sections completed. Just like any other shopping website, here we can wishlist a course if we’re not prepared to buy the same at that very moment.
When you discover a course, you can examine an in-depth description of that course, requirements to start it, what to expect at the end of the course, whether or not the course includes a certificate on completion and so forth.
The flesh and bone of each course are videos. Videos generally are grouped into sections. So, a course might be 3 hours long, however, each video might not be greater than 10 minutes. This is how a course is divided into sections.
The format enables teachers to ensure their courses are genuinely structured. By having sections and brief videos, instructors have to break their content material into specific, digestible pieces. this setup facilitates students to see the overall scope of the course beforehand. It additionally makes it smooth for students to pause and take a break from their course once they want to. Having brief videos additionally, lets newbies effortlessly repeat something they failed to apprehend or need to refresh. And it is beneficial in case you have a few revels in with the subject count already because you could skip any videos that include what you already know. Students can even rate the courses accordingly.
Udemy – For Instructors
Anybody proficient and confident in a field can turn into a teacher on Udemy. In beginning as an educator, Udemy offers tools and understanding to assist you with making a decent course. There is no fee to be an instructor on Udemy. Instructors are paid according to a revenue share model of the company. When a student buys a course on the marketplace, revenue is shared between instructor and the company, according to revenue share model. It offers tips, outlines and information concerning what sorts of courses students are searching for. The site likewise reveals to you whether the quantity of courses presently offered is per the interest, in addition to the normal and top-procuring month to month wages in this subject zone. Courses must have at least 30 minutes of video content and at least 5 lectures or learning modules.
In order to ensure that students have great learning experiences, Udemy also have a Quality Review Process that every course goes through.
In order to create paid courses, you’ll need an active PayPal or Payoneer account. Instructors can connect a PayPal or Payoneer account to their Udemy account. They are paid on a monthly basis.
In addition to the Udemy’s standard lecture uploader, they offer the ability to upload materials in bulk or import them via Google Drive, Box, Dropbox, and other file storage tools.
Udemy’s Marketplace Insights they offer robust reporting on student demand, search volume, and revenue for a particular topic to help you decide what to teach. If no data exists for a topic the want-to-be-instructor-person is searching, it likely means that there’s an opportunity to fill this gap in the Udemy marketplace and he/she should get started right away. While success as an instructor on the e-learning platform is not guaranteed, this tool offers some powerful data to help you make your decision.
As an instructor, you have the option to enroll in the Udemy Deals Program, which is made up of two marketing channels that spotlight your course(s) in different ways. Enrolling in the Udemy Deals Program gives company the option to promote your course, at a discount. Selection for promotion is not guaranteed. In addition, they provide instructors with extensive articles, resources and features at online platform to help you effectively market your course(s).
Udemy – Expansion in India
For Udemy, after the US, India is the second largest market catering to the requirement of professionals wanting to learn new skills or upgrade their skills.
“It has started talks with both the Center and various State governments for using its platform to train their staff,” said Irwin Anand, Managing Director, Udemy India.
Udemy MD, India- Irwin Anand
“With over 20 million employees, the Government is one of the biggest sectors to be tapped. Udemy works with the Governments of Japan and Singapore.In India, we have millions of students as customers and thousands of instructors teaching students from around the world. Every year, nearly 7 million graduates pass out of colleges, but not many are employable. The traditional way of education in India is not sufficient for people to be productive at work. Udemy with its practice-oriented courses help people to learn the right skills and get into the job market,” Anand said.
Udemy – Funding and Investors
Udemy has raised a total of $223M in funding over 9 rounds. Their latest funding was raised on Feb 19, 2020 from a Series E round.
Date
Stage
Amount
Investor
Feb 19, 2020
Series E
$50M
Benesse
Aug 1, 2019
Secondary Market
–
Manhattan Venture Partners
Jun 2, 2016
Series D
$60M
Prosus and Naspers
Jun 2, 2015
Series D
$65M
Stripes
May 8, 2014
Series C
$32M
Norwest Venture Partners
Dec 7, 2012
Series B
$12M
Insight Partners
Oct 12, 2011
Series A
$3M
Lightbank
Aug 1, 2011
Seed Round
–
–
Aug 31, 2010
Seed Round
$1M
–
Winter Capital Joins Series F Funding Round in 4th Quarter of 2020 to expand its edtech portfolio. The capital raised will enable Udemy to continue growing its consumer and business product offerings to serve the world’s students, organizations, and instructors.
Udemy – Revenue
Udemy’s estimated annual revenue is currently $653.9M. It’s estimated revenue per employee is $165,000. Like any startup in growth mode, it does not share any revenue metrics with the public. Due to ongoing expansions into new markets as well as spending on product development and new hires, it can be assumed that the company remains unprofitable for now.
The cost of online learning is all over the map. Some companies charge a membership fee while others sell access to specific classes only. As mentioned, Teachable lets instructors sell courses at prices they set, rather than offer a membership. The Great Courses is similar. Every course is priced individually.
Top competitors of Udemy are Coursera and Khan Academy. Other competitors include Linkedin learning, Udacity, Skillshare and Master Class.
Udemy – Awards
Udemy has won awards at major competitions such as VatorSplash and the ASU Education Innovation Summit. Also, blogs such as TechCrunch, Mashable, ReadWriteWeb.
Udemy – Future Plans
Udemy is an interesting and evolving concept that focuses on the transfer of knowledge, rather than fetching a diploma. The wide variety of content and instructors available at affordable rates and the exceptionally personal pace of learning make it a very convenient method of attaining skills. With the world becoming more advanced and technophile, their businesses have huge horizons unlocked for themselves. For the time, it remains non-profitable.
Udemy – FAQs
Who are the founders of Udemy?
Udemy was founded by Eren Bali, Gagan Biyani, and Oktay Caglar.
What is Udemy?
Udemy is an online-based learning platform that provides its customers numerous courses on a variety of topics like development, business, finance and accounting, IT and software, office productivity, personal development, design, marketing, lifestyle, photography, health and fitness, music, teaching, and academics.
Is Udemy accredited?
Udemy is not an accredited institution. Each completed Udemy course includes a certificate, but the certificate can’t be used to seek formal accreditation.
How long are Udemy courses?
Every course has a specific duration associated with it. Once the course is purchased, the consumer has lifetime access to their selected courses.
What Platform is Udemy built on?
Python is the base language on which the Udemy platform is built on. For Database, Udemy uses MySQL.
Is Udemy cheap?
Udemy courses are priced based on the market, though the company does host sales(Udemy sale), and sometimes an instructor offers discounts to increase sale volume.
Is Udemy recognised?
Certificates of completion help demonstrate your accomplishments, but please note Udemy is not an accredited institution, and as a result, the certificates cannot be used for formal accreditation.
Is Udemy an Indian comapany?
No, Udemy is an American company, privately owned and headquartered in San Francisco with offices in Denver, Brazil, India, Ireland, and Turkey.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by Workday.
Workday, Inc., is an American on‑demand (cloud-based) financial management and human capital management software vendor. It offers business solutions by Enterprise Cloud Applications like Financial Management, HCM, Analytics & Reporting, Enterprise Planning, and others. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle’s hostile takeover of PeopleSoft in 2005.
According to the founders, their curiosity led them to create something new—a finance, HR, analytics, and planning system that evolves as business evolves, and a company that’s out to do right by employees, customers, and the world.
Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies.
As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working. Its applications include Workday Finance Management, Workday Human Capital Management (HCM) and Other Applications.
It also provides open, standards-based Web-services application programming interfaces, and pre-built packaged integrations and connectors. Workday Financial Management is a unified application with a range of financial capabilities, relevant analytics and metrics, and auditable process management. Workday HCM allows an organization to staff, pay, organize and develop its global workforce.
Workday – Recent News
As of January 2021, Workday launched COVID-19 Vaccine Management Solution to Enable Organizations to Protect and Support their Workforce.
With a customer community representing more than 45 million workers, Workday is supporting global organizations as they manage their people and finances throughout the pandemic. The vaccine management solution expands on the Workday Return to Workplace offering and helps enable organizations to securely access worker immunization insight, plan return to workplace scenarios, support worker well-being, and establish new operating models to adapt as vaccines become available. In addition, Workday offers customers configurability to control and securely manage the data and protect their employees’ privacy.
Workday – Logo
Workday Logo
Workday logo has a sunrise symbol and Workday text. In its entirety, the logo lockup projects the Workday brand.
Workday – Founder and History
In 2005, software visionaries Aneel Bhusri and David Duffield, Workday Founders, met at the Jax Truckee Diner outside of Lake Tahoe in California. They decided to form a startup – One that would sell cloud based applications for finance and HR. The two long term friends had plenty of experience.
Dave had founded PeopleSoft in 1987 and served as the company CEO and chairman of the board. Aneel had held a number of leadership positions at PeopleSoft, including senior Vice President of product strategy. On that day in 2005, they resolved to build a company that would revolutionize the enterprise Software market. The result is Workday.
workday founder
Workday was founded in March 2005 and launched in November 2006. Initially, it was funded by Duffield and venture capital firm Greylock Partners. In December 2008, Workday moved its headquarters from Walnut Creek, California to Pleasanton, California, where PeopleSoft founder Duffield’s prior company, was located.
Workday – Mission
Workday’s mission statement says, “To bringing passion and customer focus to the business of enterprise applications.”
Workday – Business Model
Workday’s business model entails designing and developing software and maintaining its cloud-based platform for customers.
Workday makes money by selling subscriptions to its services rather than selling the software outright. Expenses are booked up front when it signs on a new customer but the associated revenue is recognized over the life of multiyear agreements. In first quarter 2016, Workday announced annual revenue in excess of $1 billion for the first time ever in fiscal year 2016.
Workday has raised a total of $230.6M in funding over 6 rounds. Workday funding was raised on Oct 24, 2011 from a Series F round. Workday is funded by 8 investors. Janus Capital Group and Morgan Stanley are the most recent investors.
Date
Round
Amount
Lead Investors
Oct 24, 2011
Series F
$85M
Bezos Expeditions, Janus Capital Group, Morgan Stanley, T. Rowe Price
Apr 29, 2009
Series E
$75M
New Enterprise Associates
Sep 5, 2007
Series B
$20.3M
–
Jan 19, 2007
Series B
$20M
–
Dec 28, 2006
Series A
$15.3M
–
May 17, 2005
Series A
$15M
–
Workday – Investments
Workday has made 5 investments. Their most recent investment was on Jan 22, 2020, when tealbook raised $5M.
Date
Organization Name
Round
Amount
Jan 22, 2020
Tealbook
Seed Round
$5M
Oct 18, 2017
Duo Security
Series D
$70M
Mar 2, 2016
Landit
Seed Round
$5.9M
Jun 16, 2015
Tidemark
Series F
$25M
Dec 17, 2013
Datameer
Series D
$19M
Workday – Acquisitions
Workday has acquired 14 organizations. Their most recent acquisition was Scout RFP on Nov 4, 2019. They acquired Scout RFP for $540M.
Acquiree Name
Date
Amount
About Acquiree
Scout RFP
Nov 4, 2019
$540M
Scout RFP is an innovative e-sourcing solution for companies in all industries.
Trusted Key
Jul 18, 2019
–
Trusted Key provides consumers and organizations with a secure digital identity solution.
Stories
Jul 17, 2018
–
Stories automates data analysis using graph AI. It delivers 50x faster analysis and personalised insights worth ~20% of revenue.
Workday Adaptover Planning
Jun 11, 2018
$1.6B
Workday Adaptive Planning is powering a new generation of business planning with the Business Planning Cloud.
Rallyteam
Jun 8, 2018
–
Rallyteam provides an internal mobility platform that enables companies to better understand and utilize their people.
SkipFlag
Jan 16, 2018
–
A knowledge base that builds itself.
Pattern
Jul 24, 2017
–
Pattern is an intelligent workspace that eliminates grunt work so you can spend more time on what matters — your customers
Platfora
Jul 21, 2016
–
Platfora offers a big data analytics platform helping companies get insights into the events, actions and norm times of their business.
Zaption
Jun 30, 2016
–
Zaption’s publishing platform turns passive video into active learning experiences.
MediaCore
Sep 29, 2015
–
MediaCore provides a solution that enables educational institutes to capture media, build a media library and store content.
Workday – Competitors
The top 10 competitors in Workday’s competitive set are SAP, Oracle, Ultimate Software, ADP, Ceridian, Microsoft, Anaplan, Infor, Epicor, Sage.
Workday – Challenges Faced
As a company expands across geographies and product lines, it becomes more challenging to consistently assess and report on performance, putting management at greater risk of making the wrong decisions. The same happened with Workday. Workday Financial Management is the company’s foray into a much larger, yet more competitive, market.
The total addressable market for financials is estimated to be $27 billion. The company has also begun providing financial and human-resource analytics tools that have a market potential of $19 billion. The company has shown early success in these markets, but it will need to continue to win customers and take market share for the stock to be a success going forward.
“All of us are counting on technology getting cheaper to get to profitability. We’re not thinking that we’re going to need to raise prices 50 percent to get to profitability,” Aneel Bhusri said.
“All the [cloud] companies are now in high growth mode. As they get into slower growth mode where a lot of the customers are just renewing after their three-year contract is up and you don’t apply any sales and marketing costs, those customers become a lot more profitable.”
According to the CEO, right now the team is more focused on the revenue growth and they’re investing for that growth. Bhusri said there’s still considerable scope for the firm to expand across the globe, with the point where there might be a dwindling supply of new customers still far in the future. For the moment Workday’s expansion remains impressive but Bhusri suggests it’s worth looking at the growth figures in detail.
Workday – FAQs
What does Workday do?
Workday is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management (HCM), and analytics applications designed for various companies, educational institutions and government agencies.
Who founded Workday?
Aneel Bhusri and David Duffield founded Workday.
What is a Workday profile ?
Your Workday profile contains basic information about you and can be viewed by other employees.
What companies do Workday compete with?
The top 10 Workday competitors are SAP, Oracle, Ultimate Software, ADP, Ceridian, Microsoft, Anaplan, Infor, Epicor, Sage.
How does Workday make money?
Workday makes money by selling subscriptions to its services rather than selling the software outright. Expenses are booked up front when it signs on a new customer but the associated revenue is recognized over the life of multiyear agreements.
Traveling through Indian roadways raises a lot of concerns especially intracity travels. The urban cities in India have a lot of traffic, infrastructure problems which are bad roads, an increase in population, etc. All these make road transport a hurdle and reaching a place on time harder.
In order to solve the issues faced due to traffics and bad infrastructure in the country, the Chennai-based e-plane company is in the process of developing an Air Taxi which would take the aerial route.
Ubifly Technologies Private Limited was founded in the year 2016. The company is better known as the e-plane company and was founded by Satyanarayanan Chakravarthy and Panjal Mehta.
Panjal Mehta is an alumnus of IIT Madras and a student of Satyanarayanan. Satyanarayanan is the co-founder and CTO of the company. He was a professor in IIT Madras teaching aerospace engineering since 1998. He is also the head of the Centre for Propulsion Technology and the head of the National Centre for Combustion Research and Development Lab (NCCRD).
Pranjal Mehta(Left) with Prof.Satyanarayanan
One of the major reasons that led to the launch of the company was his study on propulsion. Panjal Mehta was involved in working towards building a short-distance daily flying vehicle.
Aim of The e-plane Company
Satyanarayanan has explained that the main aim of the startup is to redefine intracity traveling in the country. The company will concentrate on developing electric planes and unmanned aerial vehicles (UAV). This will mainly be concentrated on short-range intracity travels.
He also says that the products developed by the startup will be different and unique in nature. The company is building a hybrid mix of drones and electric aeroplane technology.
He gave an explanation saying that the vehicles will take off and land similar to a drone but will move forward in the air like an electric aeroplane.
4th Dec 2020 – The e-plane Company raised an undisclosed amount of funding led by Speciale Invest.
3 March, 2021 – The ePlane Company raised a funding of $1M from Naval Ravikant, as a part of its seed funding round.
UAV models
Satyanarayanan who is the co-founder has revealed that the startup has already designed three UAV models.
Ek Hanz
The first product developed by the company is TEC’s Ek Hanz. It is a UAV model is designed especially for delivering goods and services. It can carry up to 6kgs of load and will be able to fly continuously for 100 km at a speed of 50 km/hr.
Ek Hanz by the e-plane company
Scout
The next product of the company is Scout. It is a drone that is designed and developed mainly for surveillance and security purposes. This drone has a powerful onboard processor and also has a long-lasting battery. This will ensure proper surveillance during certain crises.
Vayu
The company is also in the process of developing a hybrid auto-pilot e-plane which will be called as Vayu. This model is also developed for surveillance, but it will be concentrated on operating in larger areas. The main feature of Vayu is that it is smaller than Ek Hanz and Scout, but will fly continuously for more than 2 hours in a single charge.
Air taxi
The company is also working towards building a two-seater electric air taxi which is named as e200. This will concentrate on office goers who travel on a regular basis to work.
The startup has claimed that its copyrighted ML algorithms will enable their flights to travel through the air without supervision. The vehicle would take off and land like a drone with just a push of a button and the vehicle will move forward like a plane.
It is said that their air vehicle will automatically be able to detect any obstacles which come on their way such as trees, electric poles, etc. to ensure a safe flight. Hence, the air vehicle wouldn’t require supervision.
Commercial drone market of India
India’s commercial drone market is expected to grow at a CAGR of 12.4 percent in 2020-2026 according to a report by Research and Markets. The report has also added that the growth in the use of drones has been increased because of the Covid-19 outbreak globally.
As of now, the majority of drones are being used for surveillance and mapping. The outbreak of Covid-19 in the country has made a realization of the importance of drones for deliveries.
In June 2020, 13 companies were allowed to conduct trials which were let by the Directorate General of the Civil Aviation (DGCA). This trial was conducted to check the possibility of using drones for delivering medicines and other necessary goods and services.
Future plans of The e-plane company
Satyanarayanan has explained that the startup is not working towards or focused on building drones but is aiming towards building and developing electric planes or Air taxi for intercity transportations. They are working towards building electric planes which will be the future of intracity travel.
The co-founder had said that the company is currently building a two-seater e-plane. This will be concentrated on working as an Air taxi. He said that the company will take at least 2 years to build the aircraft and some more years to receive permission from the aviation industry.
FAQ
What does Air Taxi mean?
Air taxis are a small commercial airplane used for short flights between localities.
Which company is going to start drone air taxi service in India?
Malaysian budget airline AirAsia is planning to launch a flying-taxi business as soon as next year.
Does Dubai have flying Air taxi?
Dubai has one of the first major project of Air taxi, The Autonomous Air Taxi (AAT) is an 18-rotor drone taxi. The company claims to be the world’s first ‘self-flying taxi service’.
Conclusion
India could soon join the race towards devising better ways of transportation. As The e-plane company is working towards building a two-seater electric air taxi which is named as e200. This will concentrate on office goers who travel on a regular basis to work. The startup is also working towards raising external funding.
Balkrishna is positioned as the Doctor of Medicine (MD) and Chief Executive Officer (CEO) of the consumer goods company Patanjali Ayurved. He is an Indian Businessman and generally goes by the name Acharya Balkrishna. He basically works for producing multiform swadeshi and ayurvedic goods. According to the Forbes report, he has a net worth of 220 crores USD as of 2021. He is 99.6% owner of Patanjali Ayurved and heads 34 companies and trusts associated with Patanjali.
Balkrishna was born on 4 August, 1972 in Haridwar, Uttar Pradesh. His parents were Nepalese immigrants from Syangja, Nepal. His father, Jay Vallabh Subedi was employed as a security officer in an Ashram in Uttarakhand. Balkrishna received his primary and secondary education in Kalwa Gurukul situated at Haryana. After completing his studies, he traveled across India to study plants and their medicinal values. During the early days of the year 1990, he met Baba Ramdev at Tripura Yoga Ashram, Kankhal, Haridwar. They both gradually became friends. Balkrishna got along well with Baba Ramdev, and went to the Himalayas in 1993. Both of them soldChyawanprash on the streets of Haridwar during 1990s.
He is known to maintain a low profile. He is always dressed in white to embrace the aura of spirituality.
Balkrishna – Professional Life (Ayurveda)
People urged Balkrishna to sell medicine for common problems owing to his immense knowledge of herbs and Ayurveda. Gradually, he developed an organisation of ayurvedic medicines and treatment. Along with Baba Ramdev, Balkrishna established a trust called Patanjali Divya Yoga Mandir in Haridwar. They also developed a component “Divya Pharmacy” to manufacture ayurvedic medicines.
Balkrishna – Patanjali
Patanjali Logo
In 2006, both the partners founded a consumer goods company Patanjali Ayurved Limited. The company is widely admired in India and grossed huge profits. The company got really well in India and became the fastest-growing FMCG ( Fast Moving Consumer Goods) in 2010. He holds 98% stakes in Patanjali Ayurved. The company also, entered the Hurun India Rich List 2017 worth INR 25,600 crore. He is also the chairperson of Patanjali Yogpeeth. Inspite of his position in the company, he does not take any salary. In 2018, the company came up with a Patanjali Food and Herbal Park in Uttarakhand.
Though Ramdev Baba is the brand ambassador of Patanjali, the job of making decisions related to marketing strategy and advertising is left to Balkrishna. From hiring senior management staff to dealing with advertisers, he manages to do all the work single-handedly.
The partnership of Baba Ramdev and Acharya Balkrishna had shown a remarkable journey of the consumer goods company, Patanjali Ayurved. They have worked together phenomenally to make Patanjali a brand. They achieved this remarkable position with their appropriate marketing strategies. For example, they sell their products at lower prices than other FMCG brands, which entices Indian customers.
Balkrishna – Literary Career
He wrote more than 120 books and 100 research articles based on Yoga and Ayurveda. Moreover, he edited more than 25 unpublished ancient Ayurveda manuscripts. His most recent literary work of the year 2020 is Kumaramritam, Laghu Nighantu, Saushrut Nighantu, Siddhasara Samhita, Ashtang Nighantu, Hansraj Nidanam, Ajirnamrtamanjari. He serves as the Chief Editor of a “Yog Sandesh” magazine, which promotes yoga and Ayurveda. He has written 41 research papers with the help of his co-authors, and these are related to yoga and Ayurveda.
Balkrishna – Awards
Balkrishna receiving UNSDG Health Award
He received certificates of appreciation during a Yoga camp in the Rashtrapati Bhavan. On that very day, he was honoured by Dr. APJ Abdul Kalam. (2004)
He was honoured by the Government of Nepal for his research in Ayurveda and Culture. (2007)
He was awarded with the Sujana Shri award by Veeranjaneya Foundation for his spectacular contribution in herbal plants and yoga. (2012)
He was honoured by the former Chief Minister of Gujarat, Narendra Modi (Present Prime Minister Of India). The ceremony held at an Ayurveda Summit held at Gujarat. (2014)
He received more awards like Bloomberg Special Recognition Award, Felicitation by Canada India Network Society, Felicitation in Nepal’s Cabinet, Bharat Gaurav Award. He got 13 awards and titles till 2016.
He was named among the world’s 10 influential people by the United Nations Sustainable Development Group (UNSDG). He also received the UNSDG Healthcare Award in Geneva, Switzerland. (2019)
Moreover, his supporters celebrate his birthday as “Jadi Booti Diwas” (Herbs Day) owing to his deep knowledge of the herbal plants.
In 2011, he was charged with forgery for obtaining fake degrees to acquire an Indian passport. His academic degree as well as the Sanskrit degree from Sampurna Nand Sanskrit University were found missing from the official records. The CBI probed and investigated that the educational degrees he was having were falsifying. Thereafter, a big question mark was put on his Indian citizenship. Owing to the lack of evidences, the case was closed after two years.
The most recent controversy arose when Balkrishna launched a self proclaimed medicine Coronil, which will cure coronavirus in just 14 days. The chaos ran during the lockdown season as no other country had come with an aid to coronavirus. People were looking forward to buy Coronil. No sooner, it was declared that the claims are false and it is not a necessary aid to coronavirus. Netizens trolled Balkrishna and Ramdev Baba for such kind of marketing strategy. While Balkrishna claimed that the company has conducted a clinical research on corona positive patients, and they effectively got recovered in 14 days with the help of Coronil. Although, there is no scientific research that claims that the medical science of ancient India may cure coronavirus.
Balkrishna – FAQs
Who is Balkrishna?
Balkrishna is the Doctor of Medicine (MD) and CEO of Patanjali Ayurved. He is an Indian Businessman with vast knowledge on ayurveda.
What is the nationality of Patanjali owner?
Balkrishna, the patanjali owner nationality is highly debated on as his Indian passport was obtained with falsified degrees. His parents are Nepalese immigrants.
Who owns Patanjali?
Balkrishna holds 98% stakes in Patanjali Ayurved.
What is Balkrishna Net worth?
As of 2021, the net worth of Balkrishna is estimated to be around 220 crores USD.
Tesla which is known for the sales of electric vehicles also deals with the sale of clean energy products. Recently Elon Musk who is the CEO of Tesla has said that he wants to make a distributed power plant in every home. Let’s look at how Tesla is planning to make it possible.
New Company Policy of Tesla
The CEO of Tesla, Elon Musk wants to make a distributed power plant in each and every home. The distributed power plant will generate, store and even deliver the energy back into the electricity grid. All these will be possible by just using the products of Tesla.
The company has been involved in the sale of solar and energy related products for quite a few years. Elon Musk on 26 April 2021 commented a new company policy which states that Tesla will only sell solar products coupled with energy storage products.
The new company policy is a strategy that is aimed to scale the energy product business of Tesla by showing it in the form of essential utilities. During an investor call, Elon Musk said that the new strategy has a successful future for utilities as well as Tesla.
He added on saying that, if this is not done then the utilities will fail to serve the customers and said that the utilities will not be able to do it. He came up with this strategy noticing the blackouts last summer in California and the most recent failures in the grid in Texas. These incidents have become a big concern on the reliability of the grid.
Last week, Tesla had bough some changes to its website. The company had changed the options on the website to prevent customers from only buying solar or its Powerwall energy storage products. The customer had the option to only purchase the entire system.
Elon Musk later posted a tweet that stated that the solar power will feed the energy completely to the Powerwall and the Powerwall will use it only between the utility meter and the main breaker panel of the house. He said that these features will enable a super simple install and will provide a house backup seamlessly during utility dropouts.
Tesla Website
Elon Musk’s view
Elon Musk’s statement says that, the grid will need more power lines, larger substations and more power plants in order to use renewable resources and storage to decarbonize fully. In Elon Musk’s view distributed residential systems using the products of Tesla will provide a better path.
A recent study from the Massachusetts Institute of Technology has backed up the claim of Elon Musk by finding that the United States can decarbonize fully by more than doubling the transmission capacity of the grid.
Another study from Princeton University has shown that the country will have to triple its transmission capacity of the grid to reach net zero emissions by 2050.
According to the imagination of Elon Musk, the electric grid system is completely different from the one we have today. He wants a grid system that is centrally controlled and run by the grid operators or the independent organizations such as the Electricity Reliability Council of Texas or the California Independent System operator. The vision is to solve the logistic and the bureaucratic challenges.
He said that there should be a policy on the Utility and the Regulatory to solve the problem on the ways to handle the large entry of people on the distributed energy resources such as installation of solar panel on residencies which may run opposite to the utilities that are long established on the business models.
Martin Eberhard and Marc Tarpenning started the original Tesla Motors in 2003.
Who was the first CEO of Tesla?
Martin Forest Eberhard was the first CEO of Tesla.
Who is the CEO of SpaceX?
Elon Musk is the CEO of SpaceX.
Conclusion
However, the important point to be noted is whether just renewable energy storage is sufficient to achieve net-zero carbon emissions through the grid system. Elon Musk had always been positive towards the model of renewables plus storage. In July 2020 he had tweeted that physics favors electric transport, solar or wind for energy generation and batteries for stationary storage.
Flipkart launched a new ecommerce portal for refurbished goods, which it named 2GUD in 2018, after putting an end to the year-old strategic partnership with the global eCommerce company eBay. 2GUD initially served as an independent value platform with a separate website, which now is merged into the Flipkart website. It has also expanded its category offerings to cater to style-conscious Indians who are looking for value. As part of a larger strategy to expand the benefits of e-commerce to the next 200 million customers, 2GUD, which is present across 40 plus categories is planning to expand further.
2Gud.com Website Page
In this article, we have discussed everything about the Flipkart refurbished platform 2GUD.
2GUD Flipkart has initially been designed as a value-oriented platform, which now serves as a merged entity of Flipkart that focuses on bringing the best-refurbished mobiles and more at the best deals and lowest prices. 2GUD allows the users to explore products that are associated with technology including laptops, mobile phones, tablets, and other electronic accessories so that they can buy them at their ease. This venture targets the 2nd and the 3rd tier markets and plans to evolve from a refurbished-only platform to a complete customer offering with categories such as affordable fashion, accessories, and home appliances.
Made available to all app users, the app has features that will allow customers to experience uninterrupted video shopping. Users can now follow digital influencers and keep a tab on the latest fashion trends, gadget reviews beauty tips, and more. The video feed of the app is populated by several influencers who are specifically handpicked by the brand across different categories and topics.
How to sell on 2GUD?
If you want to sell on 2GUD, you first need to go to the 2GUD seller hub, and then register with your Email and Contact number. After this, on the next window, you would have to fill up all the details regarding the GSTIN, PAN card, and Company Details. You would then be able to upload your product categories. However, if you face any difficulties regarding the process, you can always mail the relevant team at sellerservices@2gud.com.
2GUD Mobiles and Other Products
2GUD offers a wide range of mobiles and other products, and all of the 2GUD mobiles and other products comes “thoroughly tested and certified with warranty”.
2GUD – Industry
Recent reports reveal that over 85% of the online retailers now have their m-commerce websites, which is huge!
Furthermore, according to the reports, around 150 million shoppers shopped online annually in 2020, which was just only 135 mn in 2019. Ecommerce in India is certainly growing like a dream, whcih is expected to grow to $188 bn by 2025. However, getting affordable refurbished goods of good quality is a thing rare in the sector, which is still dominated by the unorganized players. Here, 2Gud will certainly have a huge potential for growth.
WIDGET: leadform | CAMPAIGN: undefined
2GUD – Startup Launch
Flipkart launched 2GUD on August 22, 2018. 2GUD can be marked as the first Flipkart foray into the market for refurbished goods, which has been currently estimated to become a $10 billion market by 2026.
The shopping platform presently caters to over a million customers across over 15,000 pin codes in the country offering product options from more than 600 verticals. The site has added new categories under the lifestyle umbrella include fashion, accessories, beauty, toys, stationery, home, and electronics such as audio systems and feature phones.
2GUD Logogetting
The head of Flipkart’s 2GUD Chanakya Gupta said,
“the new business will also drive more customers many of whom are coming online for the first time. Flipkart is committed to bringing the next 200 million customers online and we see this development plays an important role in that.”
With more than 500 million Indians relying on the Internet for their day-to-day life, shopping online has become an inherent choice. 2GUD started out with over 100 plus sellers and aimed to expand as the platform grew.
2GUD offers value and convenience coupled with affordability and trust. The company focuses on providing refurbished products such as mobile phones, laptops, tablets, speakers, TV sets, streaming devices, and more in over 40 product categories in all. 2GUD is India’s premium ecommerce marketplace for quality refurbished products.
2GUD Interface
2GUD eventually upgraded by making it available as a mobile app as it looks to cater to a larger set of audiences and shoppers. Currently, 2GUD caters to almost a million customers from over 3,000 towns with around 60% to 65% of the orders coming from Tier 2 and Tier 3 markets. Now, 2GUD has expanded to create room for brand-new goods in over 150 categories. This includes women’s and kids’ fashion, accessories, toys, home, sports, and stationery.
This makes the latest trends and styles available to the users at the best values, making the Flipkart refurbished platform a true Desh Ka Style Bazaar.By making use of a purchase journey that minimizes the seller-buyer interaction, 2GUD is able to add to its sellers rapidly, making more products available to you. Moreover, to offer a smooth, seamless user experience, 2GUD features only those sellers who adhere to stringent quality metrics in both refurbishment and operations. Additionally, quality checks are built into the journey at every step to ensure nothing but a satisfying customer experience.
The users of the platform can follow different influencers on the app, who will curate products of their choice as part of a collection in the virtual store. While the videos allow influencers to showcase their selections across categories, customers can purchase any product features on the videos without having to move away from the interface, facilitating a seamless content-to-commerce experience.
The interface, social.2Gud.com is currently live for mobile phones and looks a lot like the short video app TikTok with its swipe up or down feature icon placement and more. The social eCommerce startups leverage the user bases of social media platforms such as WhatsApp or traditional media platforms to build eCommerce solutions for their customers, which are more friendly and personalized. Flipkart believes that often consumers face trust and style deficits while shopping online.
2GUD Influencers
Recommendations from an influencer play a critical role in helping the customer make a choice. “Influencers are changing the landscape of online retail and bringing greater opportunities for social commerce platforms in India. With millions of followers across the country, they have the potential to impact consumer’s buying decisions,” said Chanakya Gupta, Head of 2GUD at Flipkart.
Flipkart said in a statement thatsocial commerce accounts for up to 20% of the online retail market, which is expected to hit the $70 billion mark in the coming decade. While the social commerce feature is currently launched on the app, 2GUD plans to expand the feature to their website as well.
2GUD has targetted the nano and micro-influencers over brands and influencers that are well-recognised because the Flipkart refurbished app believes that the nano and micro-influencers have better engagement and connection with their followers.
2GUD – Refurbished & More
Since its inception in August 2018, 2GUD has sought to replace uncertainty and doubt with trust and clarity when it comes to shopping for refurbished goods. After all, refurnished products sold on 2GUD go through 47 quality checks by professionals. So, when users are considered to buy smartphones from 2GUD, users can rest assured that the camera, screen, battery performance, and even the fingerprint sensor have been inspected for adherence to the highest standards. Every refurbished product comes with a warranty promise of 3 to 12 months.
2GUD’s refurbished promise is threefold which are:
Products that come with a 3 to 12-month warranty
Products that are certified and graded by professionals
A convenient 10-day return policy
2GUD – Target Audience
The new and improved 2GUD hype value platform is Flipkart’s answer to the needs of around 200 million price-conscious customers across the country who prioritize value and affordability. So, whether it’s a fashion makeover or a flagship smartphone you’re looking for, shop on 2GUD for a pocket-friendly smooth, and hassle-free experience. With the help of 2GUD Flipkart wants to particularly tap value-conscious buyers across these geographies.
In 2019, the company decided to host fresh products across various segments like homes and electronics to attract value-conscious customers from smaller cities. It also aims to tap into the growing market of first-time internet users, particularly from tier 2 and tier 3 cities. The company has assured that the products will be 50% to 80% more affordable than other marketplaces depending on the certification of the product.
The company was also looking to onboard more than 100 sellers by the end of last August. Chanakya Gupta, the head of 2GUD said, “while Myntra and Jabong cater to the top half of the demographic selling premium branded merchandise, Flipkart targets the branded premium to mass market, 2GUD will be a notch lower. This is a key pivot for us as we are committed to building this as an independent brand.”
2GUD – Competitors
Since 2GUD social will leverage video content to sell products, it competes with sites like Meesho, Bulbul, and SimSim. Walmart-owned Flipkart is turning its refurbished goods portal 2GUD into an unbranded lifestyle and fashion platform that will compete with E-tailors like Paytm Mall and Snapdeal, as well as Chinese online apparel players such as Shein, AliExpress, and Club Factory.
FAQs
What is the 2GUD mobile app in Flipkart?
Flipkart announced the launch of social commerce on the 2GUD app in July, and launched the refurbished platform on August 22, 2018. This initiative initially served as an independent platform, which is currently merged with the Flipkart ecommerce website and comes under the Refurbished section of the website. 2GUD allows the ustomers to browse through refurbished products across varying niche and buy from them. It has also launched an uninterrupted video shopping experience, which are available from a network of a bunch of digital influencers across numerous categories like fashion trends, gadget reviews, beauty tips, and more.
How can I get 2GUD in Flipkart?
To make using 2GUD as simple as possible, Flipkart allows you to access it by gnig to its own website, under he Refurbished section and through the the 2GUD mobile app. All you have to do is use your Flipkart credentials to sign in or create a new Flipkart account, and then follow the on-screeen instructions to start yoru journey.
Is 2GUD trusted?
2gud is a very reliable option that you will get for refurbished products. It has the Fipkart trademark, and the products of 2GUD are all thoroughly checked and certified with warranty.
Who is the owner of 2GUD?
Flipkart owns 2GUD, which is now available on the Flipkart App and website.
The coronavirus pandemic has affected almost all the countries across the globe. The lockdowns and various other restrictions have hit the major developing and developed countries’ economies and the lifestyle of the people. But Bill Gates believes that everything would get to normal by 2022. Let’s look at why Bill Gates believes in it.
Bill Gates is not only a business Magnate but also an author, philanthropist, investor and a software developer. He is one of the richest men in the world. Bill Gates is the founder of Microsoft and has served in the company as a chairman, Chief Executive Officer (CEO), Chief Architect Software and as the President of the company. Currently, he is the Technology Advisor of Microsoft.
Bill Gates also holds the titles such as Co-chairman and co-founder of Bill and Melinda Gates Foundation, Chairman and founder of Branded Entertainment Network, Chairman and Founder of Cascade Investment and the Chairman and co-founder of TerraPower.
Bill Gates was born in the year 1955 in Washington, United States. From the year 1987, he has been included in the Forbes list of the world’s wealthiest people.
In an interview with Sky News, Bill Gates had said that he believes that the world will completely return to normal by the end of next year, i. e 2022. He added on explaining that he believes so because of the high rate of implementation of the Covid vaccines in the developed countries such as the United Kingdom and the United States of America and he says that these countries will help the developing countries get the vaccines by the end of this year.
Bill Gates further added on saying that he although doesn’t expect the vaccines to completely eliminate the presence of the vaccines in the same year but the number of cases is expected to reach to a very less amount.
Bill Gates Interview
He said that he was not surprised with the fact that the developed countries gave first priority for their citizens to provide vaccines. He criticized it by saying that right now the people in their 30s in the developing countries could get vaccines while those over 60 years old in Brazil or South Africa are yet to receive a shot.
The Covid-19 virus had started infecting people at the end of 2019 and has widely spread to almost all the countries since then. In the year 2020, the entire world had been hit by the pandemic leading to a lockdown in almost every part of the world and millions of people losing their life.
Currently, there are around 3.14 million people who have died because of the virus and 149 million cases recorded globally. This deadly virus has been increasing since then.
The second wave of the Covid-19 had started in the early 2021 and India is a country that is currently being affected on a large scale. Lockdowns have been implemented in several states. The total Covid cases recorded in the country alone is around 4.41 million with around 66, 179 deaths.
The vaccination drives have been started in the country and as of 27 April 2020 around 1.7 % of the population has been fully vaccinated and around 8.9 % of the people have received at least a single dose of the vaccine.
Currently, the only Country which was successful in fighting against the virus was Israel. They have officially announced that people in the country will not require to wear masks anymore.
The net worth of Bill Gates is 13,100 crores USD as of 2021.
How did Bill Gates become famous?
Bill Gates cofounded Microsoft Corporation, the world’s largest personal-computer software company.
Conclusion
The entire human race also wants the pandemic to get over and the normal life to begin as soon as possible. We can expect and hope to see many more countries being successful in fighting against this deadly virus.
Piyush Mishra
