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  • BigRock – Turning Imagination Into Reality

    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 bigRock.

    Looking forward to starting an online business with a wide customer base? Paid for your dream domain name and don’t know what to do next? Choosing the right web hosting provider is the biggest decision to make while starting an online business!

    BigRock is the world’s leading web hosting and domain registration company. It provides web solutions to professionals, small businesses and individuals. It is great for hobby sites. The company provides its customers with a complete suite of products which helps the small businesses to grow their online presence. Read the BigRock success story below.

    BigRock – Company Highlights

    Company Name BigRock
    Headquarters Mumbai, Maharashtra, India
    Sector Internet
    Founder Bhavin Turakhia
    Founded 2010
    Parent Organization Endurance International Group
    Website bigrock.in

    BigRock – About
    BigRock – Founder and Team
    BigRock – Logo
    BigRock – Business Model
    BigRock – Revenue Model
    BigRock – Competitors
    BigRock – FAQs

    BigRock – About

    BigRock products include – web hosting services, website creation products, domain registration, digital certificates and business-class email services with anti-virus features. The website is very easy to use and features are affordable. It’s like anyone can get one. The company provides world-class service to its customers.

    BigRock – Founder and Team

    Bhavin Turakhia is an Indian tech entrepreneur and billionaire. He was born in 1979, 21st December in Mumbai in a Jain middle class family. He is currently a man of 41 years. He completed his schooling from Arya Vidya Mandir, Bandra. He got admitted to D.G. Ruparel College to study science but later dropped out and then he completed his bachelor’s degree in commerce from another college.

    In 2016, he was ranked as the 95th richest person in India. He was also awarded as The Serial Entrepreneur of the Year and Entrepreneur of the Year in Innovation and Technology by Entrepreneur, India in 2016. In 2005, he was awarded as The Bharti Entrepreneur of the Year by Bharti Foundation and The Entrepreneurship Development Institute in India.

    He in the age of 18, started his tech venture with Divyank Turakhia, (his brother). He is the founder and CEO of various companies like Zeta Suite, Flock, Radix, Ringo and BigRock.

    Bhavin Turakhia, BigRock Founder

    The rock in the logo depicts that the company itself is a strong brand just like the rocks are strong and hard.

    Logo, BigRock

    BigRock – Business Model

    The company provides the following services:

    • Domains – Registration, Transfer and Addons. These all include Domain Name Registration, Premium Domains, Domain Name Prices, Domain Transfer, Bulk Domain Transfer, Privacy Protect, Domain Whois Lookup, Name Suggestion Tool and Free Services.
    • Hosting – Shared Hosting, Reseller Hosting and Specialized Hosting. These all include Linux, Windows, Linux Reseller, Windows Reseller, WordPress, CMS, VPS, Cloud and Ecommerce Hosting.
    • Servers – Linux and Windows Dedicated Servers.
    • Email – Enterprise and Business Email.
    • Productivity – G Suite and Office 365.
    • Security – Digicerts & SSL, SiteLock and CodeGuard.

    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…


    BigRock – Revenue Model

    Currently, the company is providing a few hot deals to its customers.

    • 51% off – Web Hosting
    • Rs 1248 (2 years) – .COM
    • Rs 898 (2 years) – .IN

    The company provides assistance via emails, chats and calls (timing between 9 am to 8 pm) so that the small businesses can focus more on the growth of the revenue. The company earns a commission through sales. It is also having a BigRock affiliated Make Big Money Program. This allows free signup with ZERO Investment. BigRock earns around Rs 10,000 per sale from this program.


    Earn Money By Buying And Selling Domains | How to Sell Domains
    Who doesn’t want to earn a profit while doing business? Everyone wants to tasteprofit and success. But many get stuck, follow the wrong track, and end up in adisaster. The same is the case when if one isn’t aware of the business of buyingand selling domains. If you are new to buying and selling …


    BigRock – Competitors

    The top competitors of the company are GoDaddy, Domain.com, Kvion Inc and HostGator.

    • GoDaddy is one of the biggest competitors of BigRock. The company was founded in 1997 and is headquartered at Scottsdale, AZ. GoDaddy operates in the Web Hosting space.
    • Domain.com is also one of the top rivals of BigRock. It is a private company founded in 1998 and is headquartered at High Ridge, Missouri. The company competes in the Business Support Services Industry.
    • Kvion Inc is one among the competitors of BigRock. It is headquartered at Bangalore, Karnataka, India and was founded in 2014. It operates in the Web Hosting sector.
    • HostGator is the #3 competitor of BigRock. It is headquartered at Houston, Texas and was founded in 2002. It also works within the Web Hosting sector.

    GoDaddy Success Story | Hosting | Founder | Business Model | Revenue Model |
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Want to start your own business? Want to become an entrepreneur? Want to have abeautifully creat…

    BigRock – FAQs

    What is BigRock?

    BigRock is a leading provider of web solutions and tools to individuals, small businesses and professionals to grow and establish their online presence.

    Is BigRock hosting good?

    The company is among the class of hosts that offers basic needs for a low price. It is awesome for small businesses and hobby sites.

    Who owns BigRock?

    Endurance International Group owns BigRock. The founder is Bhavin Turakhia.

    Who are the competitors of BigRock?

    The top competitors of the company are GoDaddy, Domain.com, Kvion Inc and HostGator.

  • How Startups can help in Covid Vaccination in India

    Covid has created a large negative impact on most of the industries in the sector. It has disrupted the economic activities in the country. Most of the sectors are being impacted due to the pandemic. Let’s look at how the various startups can help the government in the Covid-19 vaccination drive.

    How Startups can scale up Covid vaccination drive
    Role of IT in Covid vaccination drive
    Role of Logistics in Covid 19 vaccination drive
    How Government can utilize this data
    FAQ

    How Startups can scale up Covid vaccination drive

    Since the major sectors of the country have been disrupted due to the ongoing pandemic. There is an opportunity for the various startups to help the government in the Covid-19 vaccination drive. It is said that in every crisis there will be an opportunity.

    The healthcare startups have a seminal opportunity in helping the government by aiding and facilitating the vaccination drive in the country. Whereas the other startups like healthcare, IT, logistics, etc. will have plenty of opportunities in various other activities.


    Reasons Why These Startup Sectors Bloomed During Lockdown
    In the unprecedented time, where everyone is talking about the economic slowdownand financial difficulties, there have been a few startups sectors that havemanaged grow exponentially well. The covid 19 has shaken the world and hasbrought many business to a halt, although startups have lost their …


    Role of IT in Covid vaccination drive

    IT systems can play a really important role in the vaccination drive. They can help the government by playing a central role in creating and maintaining information related to the vaccination drive. They can do the enlisting and enumerating the people involved in the drive, they can keep the track of the number of dose intake during the vaccination drive of different people.

    They can also use the various national IDs such as PAN card, Aadhar card, etc. to keep a number and to identify the individuals and their participation in the drive.

    The IT sectors will have to ensure that the vaccination doses are delivered to the vulnerable and the critical sections around the country. They will have to combine their mapping applications and the startups will have to ensure that there is a coordinated vaccination campaign.

    They also play an important role in identifying the genuineness of the vaccinations in the country. They will have to quickly detect it. They will have to identify the counterfeits and prevent the use of such counterfeits in the patients.

    They will have to help the government in finding the source of such counterfeits and also use social media and other online sources to create awareness among the general public regarding the dangers that are caused by these fraudulent vaccines.


    An Overview Of The Online Pharmacy Industry In India
    With the lockdowns restrictions brought over by the Covid Pandemic, mosteconomic activities were paused, millions lost their job and many industriesfaced difficulties. But there were also some industries like Online gaming,Online grocery, Fintech, Telemedicine, Ed tech, online media that were boo…


    Role of Logistics in Covid 19 vaccination drive

    The logistics startups also play a very important role in the vaccination drive. They play a central role in fine tuning the appropriate delivery of the vaccines across the country. The logistics space in India has undergone a lot of developments.

    The logistics in India have been innovating and adapting to the new technology to address the challenges faced due to the transportation. The new innovations and technology adaption in the logistic space can help the government in delivering the Covid vaccines to every nook and corner of the country in regular intervals.

    Logistics market
    Logistics market

    The startups can also conduct various activities to share the social information regarding the Covid vaccine drive. They can help in creating trusted communities and categories people of the similar demographics, same geography or people with the same affinities.

    These details can be used to discuss various factors which include the vaccination experience, after effects, opinions on the facilities and the actual process, best practices in the vaccination process and documentation on how to deal with the various aftermaths can be documented.

    These can be used to share an opinion and be used to socialize for a larger ecosystem.

    How Government can utilize this data

    All the above details can be used by the government for a timely, granular and actionable plan to utilize it for the entire vaccination drive in an idealized fashion. The government can analyze various other factors such as which vaccinations to order, in administering the vaccines such as the ones that are imported and homegrown, where the vaccines are to be shipped and the logistical details of it.

    They can also make decisions on whether to continue the vaccination drive or they will have to continue with a private partnership or public partnership. The government can also analyze the data sets and create vaccination drives in the most needed places and areas.

    They can also redirect the resources such as financial and personnel according to the needs of the vulnerable section in the country.


    Improving Workplace Safety in 2021
    Workplace safety has been and continues to be a hot topic of conversation thisyear. Certainly, there are some extra measures which are appropriate in light ofthe new threat of Covid-19. However, workplace safety is never something to beoverlooked or ignored because it’s important to provide it fo…


    FAQ

    What is the COVID-19 vaccination drive in India?

    COVID-19 vaccination drive has been initiated to cover healthcare and frontline workers and is to be scaled up to cover citizens above 60 years of age and and/or citizen above 45 years of age suffering from comorbidities.

    How many people are vaccinated for Covid in India?

    As of April, 8, India had administered 9,01,98,673 total doses of the Covid-19 vaccine.

    Is there a shortage of vaccines in India?

    Union health minister Harsh Vardhan had stated on that there is no shortage of shots in India. “All the claims of states are baseless and centre is supplying vaccines to all states equitably irrespective of the ruling party.

    Conclusion

    The startups can help the government in making the vaccination drives easier and carrying it forward more effectively. These are the various ways through which the Indian startups can help the government in Covid 19 Vaccination across the country.

  • How Increase In Fantasy Gaming Startups Are Changing The Gaming Industry

    In the year of 2020, online fantasy gaming has gained a strong foothold within the Indian entertainment Industry. Our country now has a projector user base of 628 million gamer’s which gives boost to the gaming ecosystem within the Indian economy. This ecosystem contains of a variety of gamers of all ages, game designers, developers, investors and marketers all working together to come up with the latest cutting edge games. All this has made India to be the top contender among the top gaming markets amongst the emerging global economies. At present there 400 gaming startups in India with whooping number of 500 million smartphone users.

    Statistics of Online Gaming in India
    Online Fantasy Sports Gaming
    Fantasy Gaming Startups During a Global Pandemic

    Statistics of Online Gaming in India

    • According to a report released by boutique investment bank Maple Capital Advisors the online gaming industry in India is growing at a rate of CAGR of 22%.
    • The reports also claim that the Industry is expected to grow 41% yearly due to the growth of digital infrastructure and rise in the quality of gaming content.
    • The gaming Industry is set to be valued at $3, 750 million by the end of 2024.
    • India’s online gaming industry has already attracted $350 million in investments from venture capital firms between the years 2014 to 2020.
    • The report highlights that the three key segments of online gaming are Real Money Games (RMG), Mobile centric or casual games and E- sports such as Counter strike, DOTA 2.
    • The E-sports federation of India reports that 264 million Indian gamers and the competition prize money is increasing annually.

    Untold Truth about Chinese Investments in IPL you must know
    IPL is the most loved cricket league in India. Brands pay a hefty amount to getthat title sponsor. Vivo was the title sponsor of IPL from 2016 to 2019 but dueto rising tension in the galwan valley Indian government banned 59 apps. Thisled to a huge uproar against BCCI for having Chinese smartphon…


    Online Fantasy Sports Gaming

    When it comes to online fantasy sports gaming it gained a lot of popularity in India as another genre of online gaming, where sports fans can create their own team out of the real life players from the upcoming matches with specific conditions and environments. The fantasy sports gaming in the Indian market is expected to reach over $5 billion in the Equity Investors. Cricket by far is the most popular as 85% of users engage in this sport, while the other sports that Indians venture into are football, basketball and kabbadi. Online game companies have risen up to 275 in 2019 which is a huge increase considering there were only 25 startup companies in 2010.

    facts on online sports gaming
    Facts on Online Sports Gaming

    Because of this new booming industry many job opportunities have opened up in a non-conventional sectors such as tech oriented careers and game development which king of new in India. From just a handful of companies until few years ago, there are an estimated 60 fantasy sports platforms in India at present. India also recently got its first Gaming Unicorn called Dream11 is known to be changing ways in the gaming Industry. Let us learn on how exactly the company is doing that.

    Dream11

    Dream11 is a Mumbai based fantasy game startup which was founded in 2012 by Harsh Jain and Bhavit Sheth is now backed by Tencent making its value $1.1 billion after its successful fundraiser from Steadview Capital. According to a report by the Indian federation of Sports gaming, Dream11 is currently occupies 90 percent of the domestic fantasy sports market. Dream11 has an overall user base of 51 million with about 15% of them being the paid players.

    The CEO of the company, Harsh Jain says that the times are changing in the fantasy gaming industry as the competition is increasing and so is the higher cash rewards at stake. The company became a trend because of cricket game which coincided with the India Premium League in 2008 and became its sports partner until 2022. Now the company offers an array of sports such as Football, Carom, Pool, Kabbadi, Basketball, Badminton and Hockey for the gamer’s to pick from. With the advent of 4G mobile services provided by Reliance Jio, fantasy gaming has become popular along with services in India.

    IFSG says that two out of three sports fans in India are aware of fantasy gaming today and an estimated 100 million more will join by downloading any of these platforms or their fantasy apps by 2020.The reason to the success of Dream11 is because it allows its users to create its own imaginary teams and earn cash based on selected players actual match performance. Every move made by the gamers gets them cash rewards, while the company also pockets 15 to 20 percent of the winnings. This Mumbai based startup is looking to double its user base to 100 million by 2020.

    The logos of Dream11 and Mobile Premium League (MPL)
    The logos of Dream11 and Mobile Premium League (MPL)

    Mobile Premium League (MPL)

    Mobile Premium League is a Bengaluru based startup and is the fastest growing fantasy sports platform which has also achieved #1 app in the casual section of the Google Play store India. MPL was founded in 2018 by Srinivas Kiran Garimella and Shubham Malhotra who are also the founders of Creo which was brought over by Hike in 2017. Mobile Premium League is funded by Sequoia making it the latest startup in India fantasy sports market.

    The company is growing at the speed of light as it now has 10 million users in 7 to 8 months. The app based platform allows fans to compete in skill based sports and win the real rewards. Indian team captain Virat Kohli is its brand ambassador with a deal reportedly at Rs 12 crore. It is rumored that Indonesia Go-jek is looking to invest $30 million in MPL.

    Fantasy Gaming Startups During a Global Pandemic

    Due to the nationwide lock down, people who are staying at home are turning to gaming platforms to kill their boredom. These platforms are provided by these startup gaming companies in order to attract hundreds and thousands of new visitors in online traffic. Many land-based casinos have switched to online platforms and discounts and bundle offers are being promoted online by gaming companies and online gaming stores to encourage people to play video games.

    According to Ranjana Adhikari the co-head of media, entertainment & gaming at Nishith Desai Associates, “We also saw a 24% increase in traffic for online gaming between February and March. India is a developing nation, but during lock down it has seen an acceleration of people moving to online in general and getting used to it. While wider regulation might still be a way off, the pandemic might have accelerated this process.’’

    In view of these new trends the importance for self-regulation within this Industry cannot be emphasized enough especially when it comes to responsible gaming which is still a new concept in India than compared to other countries like US. Further regulation would help with pushing gaming companies to talk about gaming responsibly via information on identifying gaming addiction and how to manage it, implementing self-checks, timeouts and even limits upon their accounts.


    List of Sports Startups in India | Top Sports Startups
    Many entrepreneurs [https://startuptalky.com/tag/entrepreneurs/] are coming upwith new businesses [https://startuptalky.com/tag/business/] ranging fromretailing sports [https://startuptalky.com/tag/sports/…


    FAQs

    What are fantasy games?

    A fantasy sport is a type of game, often played using the Internet, where participants assemble imaginary or virtual teams composed of proxies of real players of a professional sport.

    How much does it cost to start a gaming company?

    From initial incorporation ($500, excluding lawyer costs) to equipment ($3,120 per person, including $800 per PC) and salaries (roughly $3,250 per person), running a relatively small studio is a cash-drain, even before you throw in legal and accounting fees, advertising, and the cost of attending conferences.

    Is MPL safe?

    Yes

    What are the top gaming companies in India?

    • Hyperlink InfoSystem
    • Zensar Technologies
    • Infosys
    • TCS
    • Fgfactory
    • Orangesoft
    • Unanimous Studios

    Top 10 Online Fantasy Gaming Startups in India: Dream11, MPL,Cricplay
    Time and again, an app comes into play that floods up the market share. OnlineFantasy Sports Gaming has become more common in the last 2 decades andshockingly it has secured top gear in India. Because, by creating your ownimaginary team, if you could earn some real money, then, why not? One gami…


  • Coca-Cola India – Hoping to Regain its Fizz in India

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Coca-Cola.

    Coca-Cola India, is one of the country’s leading beverage companies, offering a range of healthy, safe, high quality, refreshing beverage options to consumers. Ever since its re-entry in 1993, the Company has gone on to establish an unmatched portfolio of beverages, refreshing consumers with its leading beverage brands like Coca-Cola, Coca-Cola Zero, Diet Coke, Thums Up, Fanta, Fanta Green Mango, Limca, Sprite, Sprite Zero, VIO Flavored Milk, Maaza, Minute Maid range of juices, Georgia and Georgia Gold range of hot and cold tea and coffee options, Kinley and Bonaqua packaged drinking water, Kinley Club Soda and BURN energy drink.

    The Company along with its bottling partners, through a strong network of over 2.6 million retail outlets, touches the lives of millions of consumers. Its brands are some of the most preferred and most sold beverages in the country.

    Coca-Cola India – Company Highlights

    Startup Name Coca-Cola India
    Headquarters Gurgaon, India
    Industry Consumer goods
    Parent Company The Coca-Cola Company
    Started Operating 1950
    CEO Neeraj Garg
    Areas served India
    Website www.coca-colaindia.com

    Coca-Cola India – About and How it works?
    Coca-Cola India – Logo and its meaning
    Coca-Cola India – Recent News
    Coca-Cola India – Founder and History
    Coca-Cola India – Mission
    Coca-Cola India – Business Model
    Coca-Cola India – Revenue and Growth
    Coca-Cola India – Investment
    Coca-Cola India – Challenges Faced
    Coca-Cola India – Competitors
    Coca-Cola India – Future Plans
    Coca-Cola India – FAQs

    Coca-Cola India – About and How it works?

    Coca-Cola India is the Indian version of the renowned Coca-Cola company, the Consumer goods firm known across the globe. The Coca-Cola Company started operating in India in 1956. Coca-Cola is India’s largest beverage maker and is estimated to have around 40% share of the country’s branded beverages market.

    For Coca-Cola overall, India is currently the sixth-largest market after the U.S., Mexico, Japan, Brazil and China. While Quincey’s mandate to his India team — led by T. Krishnakumar, president Coca-Cola India and Southwest Asia — is to move India one notch up in the foreseeable future, his long-term vision is for India to be among the company’s top three markets globally.

    Coca-Cola India – Logo and its meaning

    The brand’s history began when John Stith Pemberton, the inventor of the beverage, turned to his book accountant – Frank M. Robinson, to help him brand his creation. Frank immediately suggested the simple and mark-hitting ‘Coca-Cola’. The marketing strategy created a boom, and one year later Frank came up with the first logo – the handwritten name of the company.

    Logo of Coca-Cola India
    Logo of Coca-Cola India

    The handwriting has proved to be an eternal element, as it has come through the numerous logo modifications unchanged except for the colour. The logo of Coca-Cola is the same with the attached country name, for India.

    Coca-Cola India – Recent News

    • Coca-Cola said T. Krishnakumar will be responsible for building and strengthening critical local partnerships in India and supporting the new operating unit leadership team. Krishnakumar had been heading Coca-Cola India as president since April 2017.
    • Coca-Cola India’s revenue from operations rose 2,741.54 crore in 2019-20, up 18.63 per cent during 2019-20 as compared with INR 2,310.92 crore a year ago.
    • The company, which makes Maaza juice drink, Thums Up, Sprite and Coca-Cola aerated drinks and operates across 15 factories, said the policy will span the period post-pandemic, such that employees can choose to permanently work-from-home, provided they do not need to be physically present at the work location, for example at factories and sales functions.
    • Coca-Cola said its financial contribution will be utilized for various purposes, which include activation of over 50 locations across 10 states in partnership with its bottlers to support the hydration needs of the underserved communities through distribution of beverages during the lockdown period.

    Coca-Cola Vs. PepsiCo Business Model
    They are the world’s largest beverage manufacturers. We can find so many key similarities and key differences between these two business models. PepsiCo has revenue of $13.88 billion in the first quarter of 2020. Coca-Cola has revenue of $8.60 billion in first quarter of 2020.


    Coca-Cola India – Founder and History

    Asa Griggs Candler is the founder of Coca-Cola.

    Asa Griggs Candler, founder of Coca-Cola
    Asa Griggs Candler, founder of Coca-Cola

    Coca-Cola came to India in the year 1956. Since India had not any foreign exchange act, Coca-Cola made huge money operating under 100% foreign equity. Indian foreign exchange act was implemented in the year 1974 during Indira Gandhi time. The foreign exchange act stated that foreign companies selling consumer goods must invest 40% of its equity stake in India in its Indian associates. Coca-Cola agreed with investing 40% foreign equity but stated that they would still hold full power in technical and administrative units with no local participation allowed.

    This demand was against the foreign exchange act. The government instructed Coca-Cola to either write up a new plan or to leave the country. In 1976 Indira Gandhi called for elections and all the other political parties formed one party in her opposition. They called themselves the Janta Party. The Janata Party came into power in 1977 and stressed that Coca-Cola should either accept the foreign exchange act or leave the country. Coke India left that year.

    Coca-Cola India – Mission

    Coca-Cola’s mission statement is “to refresh the world in mind, body, and spirit, to inspire moments of optimism and happiness through our brands and actions, and to create value and make a difference.” Coca-Cola is a company that focuses on leaving a legacy wherever it operates. The company highly values making a difference in individuals and communities, while at the same time letting them enjoy the great tastes of its products.

    Coca-Cola India – Business Model

    In light of the company’ affordability strategy, Coca-Cola went about bringing a cost-focus culture to the company. This included procurement efficiencies –through focus on key input materials, trade discipline and control and proactive tax management through tax incentives, excise duty reduction and creating marketing companies. These measures have reduced the costs of operations and increased profit margins.

    Coca-Cola in India minimized its capital needs by meeting new manufacturing capacity needs through external co-packers, outsourcing its distribution and meeting its in-market-refrigeration and cooling needs by giving incentives to retailers to self-fund the same through its “Own Your Fridge Scheme.”

    Today, the company has an extensive rural and urban distribution network. Coca-Cola adopts a hub and spoke format distribution network ensuring that large loads travel longer distances  and  short  loads  travel short distances. The company has increased its village penetration from 9 per cent in 2000 to 28 per cent in 2004 and covers  approximately 175,000 villages today. Rural India now accounts for  30 percent of Coca-Cola’s sales volumes.


    Coca-Cola India – Revenue and Growth

    Coca-Cola India’s revenue from operations rose 2,741.54 crore in 2019-20, up 18.63% during 2019-20 as compared with ₹2,310.92 crore a year ago. While its other income had contributed ₹70.52 crore to the financial year ended March 31, 2020.

    Achieving continued sustainable, responsible growth in India is core to achieving our 2020 Vision of doubling system revenues in this decade,” said Muhtar Kent, Chairman and CEO, The Coca-Cola Company. “Our ongoing investment in India is focused on delivering innovation, partnerships and a portfolio that enhances the consumer experience ensures product affordability and builds brand loyalty to deliver long-term growth.”

    NARTD beverages have enormous growth potential in India. Coca-Cola India has registered unit case volume growth in India for the past 23 quarters, 17 of which have seen double-digit growth. Two of the Company’s core sparkling brands – Thums Up and Sprite – are the country’s top-selling soft drink brands while brand Coca-Cola is one of the country’s fastest-growing sparkling brands, most recently reporting 27 percent growth in the first quarter. In the still beverage category, Coca-Cola’s Maaza is India’s largest selling juice drink.


    Nestlé | Largest food and beverage company | Company Profile |
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Nestlé is the world’s largest food and beverage company, in terms of revenue.It is a Swiss Compa…


    Coca-Cola India – Investment

    The Coca-Cola system has already invested more than US $2 billion in India since it re-entered the country in 1993. Today’s announcement brings the total investment number to US$7 billion since reentry into India. The Coca-Cola India system currently directly employs more than 25,000 people and is estimated to have created indirect employment for more than 150,000 people in related industries through its vast procurement, supply chain and distribution system. The investments announced today by Coca-Cola will further catalyse economic growth and create new opportunities for local communities.

    Atul Singh, President and CEO, Coca-Cola India and Southwest Asia, said, “India is a strategic growth market for The Coca-Cola Company, ranking among our top 10 markets in volume globally and as the largest market in the Eurasia and Africa Group. Our India business has been growing at a robust rate over the last five years, and our goal is to continue this momentum. The country’s demographics, economic and social parameters are all huge drivers of growth and we have to ensure that we continue to grow our offerings to be the non-alcoholic, ready-to-drink beverage company of choice for local consumers.”

    Coca-Cola India – Competitors

    Coca-Cola and Pepsi have been losing share to local rivals, including Parle, Dabur and ITC, in the aerated-beverages segment even as the global soft-drink giants introduced more fruit-based and healthier products to reduce their reliance on sugary sodas, in India.

    Coca-Cola India – Challenges Faced

    • A debate over water usage, accusations over pesticide content and sweeteners, as well as more general concerns in India over the unhealthiness of fizzy drinks are plaguing the brand. “Coca-Cola has had a chequered history in India,” says N Chandramouli, a brand expert and chief executive of Trust Research Advisory, a data insights company in India.
    • In the past month, Atlanta-based Coca-Cola and its rival PepsiCo have been boycotted by retailers in the southern Indian state of Tamil Nadu, while traders in Kerala have followed suit and decided to favour local beverages such as lime soda and coconut water, amid accusations that the multinational companies are exploiting scarce water resources in the drought-hit states.
    • Meanwhile, the food and drug administration in Maharashtra a week ago asked McDonald’s to stop selling Coke Zero across its outlets in the state because of concerns over artificial sweeteners and a lack of warning displayed on the product
    • In the past, the brand has had several turbulent experiences in India. Coca-Cola withdrew from the country in 1977 after a new government insisted that the company partner with a local firm. The cola maker did not return until 1993, post-liberalisation, as India began opening up the economy to foreign investment.

    PepsiCo | American food and beverage company | Company Profile |
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. PepsiCo, Inc., an American food and beverage company that is one of the largestin the world, with…


    Coca-Cola India – Future Plans

    • Coca-Cola is working on reducing the sugar content in its beverages in three to four years and has already reduced it in Thums Up and Maaza to below six grams, T Krishnakumar, president-India and Southwest Asia of Coca-Cola, said. All new launches by the company won’t have more than six grams of sugar in the next three and a half to four years, he said. “Most of our new products which were expanded come with sugar levels, which are much below what has been prescribed by the WHO”
    • Coca-Cola had earlier committed an investment of $1.7 billion by 2023 to grow what it calls the fruit circular economy in India. As a part of this, it wants to invest in the entire fruits supply chain—right from working with farmers to grow high-quality fruits to processing them for fruit-based drinks and creating a line for finished products to be marketed in India. As a part of growing volumes in India, Coca-Cola will also launch new products across categories, including enhanced hydration, nutritious dilutables and beverage-plus (like fruit-based snacks).

    T. Krishnakumar, President and CEO of Coca-Cola India and South West Asia, said, “The next target we are eyeing is to double the size of the business in five years. We had promised to invest INR 11,000 crore/ $1.7 billion by the year 2023 and we are on path. We will complete our investment ahead of time.”

    Coca-Cola – FAQs

    Who is the Founder of Coca-Cola?

    Asa Griggs Candler is the founder of Coca-Cola.

    Who is the CEO of Coca-Cola India?

    Neeraj Garg is the CEO of Coca-Cola India.

    Why was Coca-Cola banned in India?

    Coca-Cola was temporarily banned in India due to reports of it containing pesticides.

  • BroEat! – India’s first WhatsApp based eCommerce Platform!

    The food delivery segment will not be the same, even after the lockdowns lift — largely because of the startups which have innovated to adapt to physical distancing and hygiene upgrades. One of the startups front lining this change is BroEat!.

    It is India’s first Whatsapp based home-delivery platform to discover menus & order food directly from your favorite local restaurants & support the community! The idea is to make sure restaurants, home chefs, and small businesses earn the margins they deserve and help save jobs.

    Read this article to know everything about BroEat!, what it does, how was it started, services, founders, business model, pricing, plans, and achievements.

    BroEat! – Company Highlights

    Startup Name BroEat!
    Headquarter Mumbai, India
    Sector Hospitality
    Founders Karan Tanna & Pawan Shahri
    Founded 2020
    Website broeat.com
    Contact Email ready@broeat.com

    BroEat! – Vision and Mission
    BroEat! – Target Market Size
    How was BroEat! Started?
    BroEat! – Product/Services
    BroEat! – Founders and Team
    BroEat! – Name, Tagline, and Logo
    BroEat! – Business Model and Revenue Model
    BroEat! – Startup Launch
    BroEat! – Recognition and Achievements
    BroEat! – FAQs


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    BroEat! – Vision and Mission

    The company’s vision is to build a platform that the Indian F&B industry can depend on with transparency, open business practices & sustainable methods.
    Its mission is to help this platform scale to a PAN India level where all the restaurants in India can benefit from this and grow their home-delivery business most sustainably.

    “Our core belief is that by providing sustainable tech solutions to the F&B industry will help them not only thrive and become profitable and more sustainable but also help them save jobs”, says BroEat co-founder Karan Tanna.

    BroEat! – Target Market Size

    As per a recent survey, the Indian online food delivery market size is USD 2.9 Billion. The entire business is largely shared between 2 major market players right now. BroEat! will be the only third platform with a countrywide presence and the first-ever WhatsApp based platform in India.

    In the next 5 years, the home delivery industry is going to gain major share and might become equal to the dining out industry as more and more people find great convenience in ordering in. This boom will encourage bigger brands in the home delivery segment and we might see more home-grown brands scaling up to 2000+ outlets which currently are only done by the likes of Domino’s & McDonalds.


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    How was BroEat! Started?

    Being in the restaurant business himself, BroEat co-founder Pawan Shahri, soon into the lockdown, figured out that the home-delivery business is going to be a major chunk of the revenues to be make. To ensure that the module is sustainable, they had to figure a way out to increase the margins there and avoid their dependability on aggregators who charge 25-28% commission per order.

    It was about time that the industry needed a platform that had reduced commissions, and was transparent with consumer data. Also, keeping the services unbundled is necessary for the restaurants to be able to take up more responsibility. Soon the co-founders got sketching on base structure and started seeking various stakeholders in the industry from different business categories. When Karan and Pawan realized that this was a unanimous pain point, they decided to jump into it and take it head on.

    “Our conversations with our colleagues from the industry and a deep understanding of the business had validated our idea. We also got in touch with many people to understand a consumer point of view”, says Pawan Shahri, co-founder of BroEat.

    During the pandemic, it is only in a human to understand the pain of local business and to do their bit to help and support them. The consumer sentiment helped them drive this further and that’s the motive to run the platform.


    BroEat! – Product/Services

    BroEat! is the first-ever WhatsApp based platform in the online home delivery space. Since WhatsApp is easier to use, it is a more approachable platform, and the consumer need not download any apps. BroEat! helps restaurants earn the margins they deserve as the startup charges a bare minimum platform fee starting INR 5/- per order. This brings down the overall expense a brand might have to as low as 5-6% per order.

    Karan and Pawan are trying to craft business for a new type of supply chain to make sure the consumers get the experience and service they need. Simultaneously not hitting the pockets of the merchant partners and restaurants. When anyone orders from BroEat!, they help restaurants make deserving margins, which helps them save jobs & sustain the business. That supply chain going forward supports a lot of local workers and vendors in the restaurant network.


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    The idea of welcoming a couple of strangers into your home is scary. And so itletting yourself stay in a strange home is. But almost a decade ago, somebrilliant minds saw an entrepreneurial opportunity in this and launched Airbnb.These brilliant minds are none other than Brian Joseph Chesky, Jose…


    BroEat! – Founders and Team

    Karan Tanna and Pawan Shahri are the Founders of BroEat!.

    Pawan and Karan - Founders of Bro Eat!
    Pawan(right) and Karan(left) – Founders of Bro Eat!

    Karan Tanna – Karan founded the nationwide Ghost Kitchens chain, a frontrunner in the dark kitchens segment, and his Yellow Tie Hospitality manages a host of F&B franchises, working with over 200 restaurants Karan featured on Forbes 30 Under 30, Entrepreneur 35 Under 35 & also was a part of the GQ’s most influential young Indian’s list.

    Pawan Shahri – Pawan’s portfolio includes some of Mumbai’s more intimate, popular casual dining restaurants like Butterfly High, London Taxi, The Bigg Small Cafe + Bar & Oi Lat-Am Kitchen & Bar. Currently, 26, his journey started at the age of 16 running one of the most successful experiential marketing firms in the F&B business,

    Both the co-founders were friends and industry colleagues who often shared their expertise in their various fields. The current company size varies between 8-10, but they have an expansion plan of 100+ employees. Karan looks more into operations & the tech front and Pawan look into marketing, brand positioning & building a strong consumer connect for the platform.

    BroEat! – Name, Tagline, and Logo

    BroEat! Logo
    BroEat! Logo

    The name BroEat! Was born out of a conversation between Karan & Pawan that stuck along. Rather than a story, it was a night of brainstorming and pushing one to the other to eat. It clicked and stuck on.

    BroEat! – Business Model and Revenue Model

    The BroEat business model is tier pricing model. The charges for order generation platform fee are:

    • INR 5/- upto an order value of INR 300/-
    • INR 10/- upto an order value of INR 1000/-
    • INR 20/- upto an order value of 2000/-
    • INR 30/- for an order value above INR 3000/-

    PAJASA Apartments Success Story – Serviced Apartments for corporates
    Business tourism is booming in India. The corporate sector is expanding and manyneed to travel to different places for meetings, conferences and exhibitions.India is “projected to become the fifth fastest growing business traveldestination from 2010-2019,” according to reports by TRIFAC[https://traveltips.usatoday.com/business-tourism-india-30290.html…


    BroEat! – Startup Launch

    As social media has a stronghold in today’s world, the company is in a continuous process of building a strong social media presence. Also with the founders having 10+ years of experience in the hospitality sector, word-of-mouth publicity holds a major hand in getting the restaurants on-board. The platform goes live in a week and the founders are quite certain that their marketing activities will get them the desired results.

    BroEat! – Recognition and Achievements

    BroEat! has been featured with Forbes, The Hindu, The Economic Times, and many more as India’s first Whatsapp based e-commerce platform to discover menus & order food directly from your favorite local restaurants & support the community!

    BroEat! – FAQs

    What is BroEat?

    India’s first Whatsapp based home-delivery platform to discover menus & order food directly from your favorite local restaurants & support the community!

    How do you order from BroEat?

    The process is simple. You need to add the BroEat business account number as a contact, you reach out with a simple ‘hello’ via WhatsApp and you are sent a link to their platform. You can then proceed as with a normal food order and make your payment. Then you are redirected to WhatsApp where you receive confirmation messages, receipt, and delivery updates.

    When was BroEat founded?

    BroEat was founded in 2020 amidst the lockdown.

    Who are the Founders of BroEat?

    Karan Tanna and Pawan Shahri are the Co-Founders of BroEat.

  • Artificial Intelligence in Demand Planning and Forecasting

    Artificial intelligence has been drawing a lot of attention as companies and tech-savvy vendors continuously seek how machine learning could improve demand plans and supply chain operations. In particular demand forecasting, the process of planning forecasts that will drive operational supply chain decisions and customer demand plans is being trusted as the next potential field for innovation and a drastic shift.

    Giant Tech-savvy companies like Amazon and Microsoft have announced AI tools for refining demand forecasting, and several consulting companies are promoting their AI skills to bring them in demand planning processes. A recent survey identified that AI is the technology that will have the largest impact on demand planning in the near future.

    It’s not difficult to notice the compatibility between AI and demand planning. Demand planning involves a huge number of data and data analytics, and it is a repeated cycle after cycle. It is easy to imagine that a self-learning AI application could do at least as good a job as a human planner at forecasting demand.

    However, closer examination shows that there are some dire challenges faced by AI to successfully penetrate the demand planning market. These challenges are not much technical as compared to management. Even if AI is not a significant contributor to demand planning, addressing these challenges can improve a company’s demand forecasting performance.

    Ways of Demand Forecasting
    Consumer Demand Forecasting
    Application of Demand Forecast

    Ways of Demand Forecasting

    In the world of data and Artificial Intelligence, most companies have been operating with a mixture of technologies into which they invested millions of dollars that they simply can’t turn off. They are also forced to compete in their industries with the digital systems that are building business models completely embracing the power of data and algorithms.

    Organization adopt powerful insights for better demand predictions with data and technology. There is a practical adoption of digital transformation through platforms, forecast and predictive models, applications models, fed by a foundational data layer, powered by AI and enabled with real-world scenario testing.


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    Customer Relationship Management

    The targeted customers who plan to buy a product expect receiving it immediately and should be readily available to use. Demand planning allows companies to predict which types of products have to be purchased in the next slot from a specific store location. This improves customer satisfaction and commitment from the organizations’ end.

    Logistics and Order Fulfillment

    Demand forecasting solutions optimize the supply chain procedure and logistics. The product will be more likely to be in the inventory, and unsold goods won’t occupy prime retail space at the time of order.

    Pattern Identification

    AI is applied to a company’s historical demand signal in an unbiased way. The technology self-learns from complex demand patterns like multiple seasonality signals, non-linear trends, lags, level shifts, etc. and finds common groups to prescribe the suitable model.

    Internal and External Causals

    Identity complex patterns from the data, the next step is to bring in the effects of internal and external causal factors to enhance the demand signal and quantify key demand drivers. Internal variables include the product analysis, price, promotions, product lifecycles and point-of-sale data.

    External data is operated, such as macroeconomic indicators like demographic trends, Consumer Price Index, regional weather data, market share data, consumer sentiment, and much more.

    Evaluating different Scenarios

    The ability to analyze what-if scenarios for more accurate predictions is the next-generation demand modelling. This is an important point where organizations can win cause and effect by testing demand scenarios and sensitivities at varying levels. Factoring these scenarios into demand models in a deeper sense prepares decision-makers for changing conditions.

    Short-Term Forecasting

    AI plays a strong role in solving patterns and delivering insights for short term forecasts, predicting actual orders using data like page-views and current inventory positions from vendor portals, companies can set up recommendations on inventory positioning.

    Supplier Relationship Management

    By having the prediction of customer demand in numbers, it’s possible to calculate how many products to order, making it easy for the organization to decide whether they need new supply chains or to reduce the suppliers.

    Marketing Campaigns

    Forecasting is often used to market campaigns, adjust ads, and can influence the number of sales. Machine learning forecasting models can take marketing data into account to have a perfected market forecasting.

    Technologies that impact Demand Planning
    Technologies that impact Demand Planning

    Consumer Demand Forecasting

    • Extract maximum predictability from the available data
    • Consumption-based forecasting predicts changing market conditions, utilizing internal and external data sources to fulfil orders
    • AI functions in a variety of products and services companies with a variety of demand patterns including e-commerce, beverage, beauty, consumer electronics products and many more products
    • The UI leverages AI to highlight which products need human intervention
    • AI models consume limitless data sources empowering precision and market responsiveness  
    • Anticipate and respond to shifting market trends
    • AI focuses on critical areas and anomalies through a unified forecast and Machine Learning driven workflow
    Businesses in which Demand Planning is used
    Businesses in which Demand Planning is used

    Application of Demand Forecast

    The forecasting method to select is a function of multiple qualities about a particular item. Each and every item going under demand forecast has a unique history and an optimal method. The application of Demand forecast is Vanguard Predictive Planning uses AI to run a Best-Fit analysis on forecast records at the beginning of each forecast cycle.

    The AI engine automatically uses the most appropriate forecasting method for users record. It analyzes the most recent demand data available and ensures the most accurate forecast for every item as it progresses through its lifecycle.

    Conclusion

    The basic functions of Artificial Intelligence are not new to forecasting and demand planning. Forecasters have used algorithms including artificial neural networks, association rules, and decision trees all of which are common methods in AI.

    AI has proved to be one of the notable achievements in technical inventions, making it easier for organizations to predict what the consumers desire.


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    FAQs

    What is artificial intelligence?

    Artificial Intelligence (AI) is wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence.

    What are the 3 types of AI?

    There are 3 types of artificial intelligence (AI): narrow or weak AI, general or strong AI, and artificial superintelligence.

    What is the purpose of artificial intelligence?

    The objective of AI is to enable computers to perform such intellectual tasks as decision making, problem solving, perception, understanding human communication.

    What are examples of artificial intelligence?

    • Google Maps and Ride-Hailing Applications
    • Face Detection and Recognition
    • Text Editors or Autocorrect
    • Search and Recommendation Algorithms

    What is machine learning?

    Machine learning is a method of data analysis that automates analytical model building. It is a branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention.

    What is AI forecasting?

    Emerging information technologies and artificial intelligence techniques are being used to improve the accuracy of forecasts and make a positive contribution to enhancing the bottom line called AI forecasting.


    How Artificial Intelligence Is Transforming Business
    The mimicry of human intelligence is called Artificial Intelligence. Or Thedevelopment of intelligent machines, thinking, and working like humans is calledArtificial Intelligence. With the help of machine learning, we can develop anArtificial Intelligence. Machine Learning is an application of Ar…


  • What is Marketing automation and Can it Succeed Traditional Marketing

    Marketing Automation is the process of taking the leverage of software to automate the marketing process or the repetitive marketing tasks. Most of the time marketers use this software for nurturing leads, to integrate with Customer Relationship Management (CRM), and also Customer Data platform (CDP) software.

    What is Marketing Automation
    Features of Marketing Automation
    Ultimate Outcome of Marketing Automation
    Future of Marketing Automation
    FAQ

    What is Marketing Automation

    Most of the time marketing automation is used to automate and personalize the texts and responses to the customers. According to Andrea Lechner Becker who is the CMO of LeadMD. Marketing Automations are tools that increase the efficiency of the marketers.

    There are various examples of marketing automation. Some of them include an automated email that is sent to a user according to his behavior triggers. This email can be personalized and will be set ahead of time by the marketers using a marketing automation platform.

    Other than this the reminders you get when you leave an item in the shopping cart after visiting an e-commerce website, the emails you get regarding the feedbacks which will be personalized. All these are examples of marketing automation.


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    Features of Marketing Automation

    Some of the features of marketing automation would include

    Nurturing leads –

    This is the process of sending a number of automated emails to the prospects so that you can engage with them by providing relevant information.

    Personalized emails –

    Personalizing your emails will help your business maintain a personal relationship with the customers.

    Management of Campaigns –

    Companies can also run Email campaigns to increase the leads with the increase of sales. It will let you send personalized or direct emails to a large number of people.

    Forms and Landing Pages –

    It is a tool that will help you collect various information and data from your customers. This can later be converted into the various system for storing or action according to the data received.

    Marketing Automation
    Marketing Automation

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    Ultimate Outcome of Marketing Automation

    When you look at the pure practice of marketing automation the ultimate outcome of the efforts of marketing automation is to gain qualified leads, conversions, personalized messages, etc. Qualified leads are a collaboration of sales and marketing.

    Sending the right messages to the prospects at the right time is the key to generating leads. Marketing automation will help you send the right messages at the right time to your customers. This will increase the chances of generating leads.


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    Future of Marketing Automation

    The future of marketing automation looks bright. Marketing automation is very beneficial for small sized businesses, medium sized business and also fortune 500s. Marketing automation will benefit all the companies irrespective of their size.

    A marketing agency named JMB Partnership has said that in the near future the marketing expenses can be reduced by 12.2 % and the productivity would increase by 14.5% because of the use of marketing automation. The sales are expected to increase by 50% in certain cases.

    Another marketing agency named Fathom has said that there is an increase in the qualified leads to as much as 451%.

    But still, many companies and businesses find marketing automation a difficult task. There was a survey conducted by the marketing technology insights company MarTech on how various marketers feel about the marketing automation challenges.

    According to the survey, more than 15% of the marketers find it hard to create automation, more than 10% found it hard to integrate the automation with the software they use, around 10% of the marketers find that automation is still complicated and again around 10% of the marketers found it hard to create content.

    Marketing Automation is expected to be one of the best choices and most common practices we will be able to find in 2021 and beyond. From emails to contact segmentation to contact management, it will be using marketing automation.

    Since Marketing Automation is booming and since it is becoming a popular tool it is expected that it would be easy to use in the near future. The software is considered to become easier to use if Marketing Automation is growing at the same speed.

    According to a survey conducted by an email marketing company Adestra, it was found that more than 64% of the marketers require a software that is easy to use rather than technical support or pricing.

    FAQ

    What is marketing automation used for?

    Marketing automation is used to execute, manage and automate marketing tasks and processes. It replaces manual and repetitive marketing processes.

    What is the best marketing automation tool?

    Marketo, Eloqua, Customer.io, Constant Contact, and HubSpot are some of the top marketing automation tools.

    What are the benefits of marketing automation?

    Few benefits of  marketing automation are Increased marketing efficiency, Automate time-consuming, Enhanced ability to generate more and better qualified leads and Better alignment of sales and marketing goals.

    Conclusion

    Marketing Automation is expected to grow really fast and the growth of an organization would depend on how easily one will adapt to it. Most of the companies have already implemented Marketing Automations in their businesses. We can see a lot more companies doing it in the near future.

  • How will Flipkart Benefit from the Adani group Partnership

    On April 12 2021, Flipkart which is India’s one of the leading e-commerce firm announced a partnership with the Adani group, which is a strategic and commercial partnership. Adani Group is one of the largest multinational infrastructure companies in India. Let’s look at the below article to get an understanding of how the Adani Group and Flipkart partnership will benefit between Flipkart in scaling its operation.

    Focus of Adani Group and Flipkart
    How will Flipkart Benefit from the Partnership
    Flipkart’s New Data Center
    What Adani Group said about the partnership
    What Flipkart said about the partnership
    FAQ

    Focus of Adani Group and Flipkart

    In this partnership on a strategic and commercial basis, Flipkart is planning to work with Adani Logistics Limited. Adani Logistic Limited is India’s largest diversified end-to-end logistic service provider in the country. It is a subsidiary which is fully owned by Special Economic Zone limited and Adani Ports.

    The main focus of this partnership is to strengthen the supply chain infrastructure of Flipkart and to further concentrate on enhancing the ability of the company to provide the services to its rapidly growing customer base in India.


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    How will Flipkart Benefit from the Partnership

    As a part of the partnership, Adani Logistics will be constructing a 534,00 sq ft fulfillment center in Mumbai which is their upcoming logistics hub. This will be leased to Flipkart to solve the growing demand for e-commerce in the Western India. This will help in supporting the access for the market of thousand of various sellers and MSMEs in the particular region.

    Leveraging the state-of-the-art technologies, the center is expected to be functional in the Q3 of the financial year 2022. The center is expected to have the capacity to house the inventories of 10 million units of sellers at any point in time. The facility is also expected to enhance the employment opportunities by providing 2,500 direct jobs and thousands of indirect jobs.

    Revenue growth of Flipkart from 2014 to 2020
    Revenue growth of Flipkart from 2014 to 2020

    Flipkart’s New Data Center

    With the partnership with Adani Group, Flipkart will be setting up their third data center at AdaniConneX Private Limited which is a Chennai-based facility. Flipkart will get a chance to leverage AdaniConneX’s world-class expertise and industry-leading data center solutions regarding to technology.

    AdaniConneX is a new joint venture that is formed between EdgeConneX and Adani Enterprisers Limited.


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    What Adani Group said about the partnership

    The chairman of Adani Group, Gautam Adani had posted a tweet which said that Flipkart which is a homegrown e-commerce giant will be their new strategic and commercial partner. He also added that in the partnership between both the companies, AdaniConneX will focus on building their new Tier 4 data center.


    He also said that Adani Logistics which is India’s leader in the logistic industry will build a 534,00 sq ft fulfillment center and this new partnership will provide thousands of new jobs in Mumbai.

    Karan Adani who is the Chief Executive Officer of Adani Ports and Special Economic Zone, speaking about the strategic partnership and commercial partnership between both the companies said that, He was delighted to see two of India’s fastest-growing businesses coming together.

    He said this partnership will contribute towards building some of the most critical as well as state-of-the-art infrastructure that is required by the nation. He also added on saying that this is what Atmanirbharbharat should be all about.

    Karan Adani added on saying that, the broad range of partnership across their logistics and data center business is considered to be a unique business model and that he looks at this as one of the great opportunities to service the digital infrastructure requirements as well as the physical infrastructure requirements of Flipkart.

    He said that, Flipkart has been instrumental in defining the adoption of e-commerce in India. The definition is both through the value Flipkart creates and the innovation of technology to serve its customer base.

    Karan Adani also added on saying that he is looking forward to a fruitful and longer partnership with the company as they are focusing on learning from each other as well as leveraging their mutual strengths to prioritize the customers and to focus on developing the MSME sector of India.


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    What Flipkart said about the partnership

    Kalyan Krishnamurthy who is the Chief Executive Officer of Flipkart Group said that, The Adani group is unmatched in the way they have gone towards building various infrastructure across India. He said that what Adani group had bought to them was a unique combination of logistics, green energy, data centers and real estate infrastructure capabilities.

    Kalyan Krishnamurthy added on saying that, he is delighted to initiate their association with Adani Group which will strengthen their technological infrastructure and Supply Chain management.

    Kalyan Krishnamurthy said that, At Flipkart Group they are focused on ensuring that their customers get access to a wide range of products which will be made available by sellers across the country as they will be concentrating on continuous innovation to increase the affordability.

    He said that their logistics network and technological stack are instrumental in making it a reality and these investments would help them strengthen their presence to support the MSME sectors in India for the sellers while also creating jobs and improving the growth.

    FAQ

    Is Flipkart Indian company?

    Flipkart is an Indian e-commerce company headquartered in Bengaluru, which was acquired by Walmart.

    How much is Binny Bansal worth?

    The net worth of Binny Bansal is 120 crores USD as of 2021.

    Who is the CEO of Flipkart in 2020?

    Kalyan Krishnamurthy is going to be appointed as the new CEO of Flipkart.

    How rich is Adani?

    The net worth of Gautam Adani is US$ 57.1 Billion as of 9 April 2021.

    Conclusion

    We will have to sit back and observe the benefits of the strategic and commercial partnership of both the companies.

  • What is Amazon Mentor Programme and How Startups and Entrepreneurs can benefit from it

    Amazon.com Inc is an American based multinational technology company. It was founded in the year 1994. The company is located in Washington. It focuses on e-commerce, cloud computing, artificial intelligence and digital streaming. It is one of the big five companies in the U.S IT industry.

    Amazon is one of the largest e-commerce companies in India. Let’s look at the below article to understand the new Amazon’s Mentor Programme and the benefit from it.

    Amazon Mentor Connect Programme
    Aim of the Amazon Mentor Connect programme
    What will the Mentor Connect Programme Offer
    FAQ

    Amazon Mentor Connect Programme

    On 11 April 2021, Amazon India had announced the launch of its Mentor Connect programme. The aim of the Mentor connect programme is to accelerate the growth of startups in the country. It also focuses on accelerating the growth of the emerging brand owners as well.

    The brand owners and the emerging startups will have to enroll under the Amazon Launchpad initiative. The Amazon Mentor Connect programme will not just be limited to the startups and the emerging brands. It will also be extended to the winners of the entrepreneurship challenge which is hosted by Amazon called as Amazon Sambhav Summit.

    The second edition of the entrepreneurship challenge Amazon Sambhav is said to be hosted from 15 April 2021 to 18 April 2021.


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    Aim of the Amazon Mentor Connect programme

    The aim of the Amazon Mentor Connect programme is to create a system to support and help the startups. It aims at helping startups in unlocking their potential by providing them with proper guidance and mentorship. This will help them in scaling their business, avoiding blind spots, to learn from the experienced industry leaders, etc.

    The programme will focus on opening new doors and will help the startups in identifying and unlocking infinite possibilities which will increase the possibilities for a Digital India said Amazon India director Pranav Bhasin who has experience in the MSME sector and Selling Partner Experience.

    He also added on saying that India has a large Startup ecosystem which is the key to disruptive innovation. This ecosystem is expected to accelerate India’s progress towards an Atmanirbhar Bharat.

    Pranav Bhasin has said that most of the startups are led by first time entrepreneurs who are driven by the passion to drive a change in the market. But most of them have no much experience to deal with the challenges and hardships they have to face along the way.

     Amazon India Director, Pranav Bhasin said.
    Amazon India Director, Pranav Bhasin 

    Prayag Mohanty who is the Senior Vice President at Fireside Ventures said that the company has been looking to understand the grassroots level challenges, identifying trends and trying different ways to solve the problems that are faced by the emerging brands and startups.

    He also added on saying that other than that Venture Capital’s like them are always looking for opportunities in order to meet the new and upcoming brands.


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    What will the Mentor Connect Programme Offer

    The programme will offer startups and emerging brands to gain access to the guidance from Venture Capitalists, industry experts and Amazon leaders. The startups and emerging brands will get a chance to know the expert knowledge by sharing sessions, networking events and 1:1 mentorship sessions.

    Amazon has already confirmed that mentors from educational institutions and VC firms like Fireside Ventures, Elevation Capital, Tomorrow Capital and DSG Consumer Partners for contributing to the Indian startup ecosystem.

    The startups and emerging brands can get a chance to access guidance from all these mentors through various other ways. This would include one-to-one mentorship with chosen mentors for over a period of three months.

    The members of the programme will also get networking opportunities with a wider range of industry experts and can even have knowledge sharing sessions between these experts and other Launchpad brands.

    The platform also offers the startup operators to showcase their startups, engage and learn with the Industry’s leading expert in their respective subject matters and also helps them in tackling strategic and functional challenges.

    The Amazon launchpad has currently showcased over 2 lakh products which are offered by more than 800 brands that are emerging from across 30 different product categories. The popular sectors that are showcased by these brands include health and personal care, grocery and home products, beauty and grooming, etc.


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    FAQ

    What are the four stages of mentoring?

    Successful mentoring go through four phases, preparation, negotiating, enabling growth, and closure.

    How long should a mentorship program last?

    The minimum amount of time a mentoring relationship or program must last is 6 months but there is no maximum.

    What are some examples of mentoring goals?

    Leadership skills, Confidence skills, Public speaking/presentation skills, and Life/work balance are some examples of mentoring goals.

    Conclusion

    Amazon’s mentor programme will be a great initiative for the company to grow and develop the startup ecosystem in the country. It will be one of the best platforms for the startups and emerging brands to get the exposure they require to develop their startup.

  • How much do these Top 10 Companies make Every minute in the World

    The revenue earned by a company is the major source through which the worth of the company is decided. You would be surprised to know some of the top companies’ revenue earned per minute. Here are the list of the top companies and the revenue they earn every minute.

    Amazon
    Apple
    Alphabet
    Microsoft
    Facebook
    Tesla
    Netflix
    Walmart
    Sony
    Toyota Motor Corp
    FAQ

    Amazon

    Amazon.com Inc is an American based multinational technology company. It was founded in the year 1994. The company is located in Washington. It focuses on e-commerce, cloud computing, artificial intelligence and digital streaming. It is one of the big five companies in the U.S IT industry.

    The company earned a revenue of USD 386.064 billion in the year 2020 and a revenue of USD 955,917 per minute.

    Apple

    Apple Inc is an American based Multinational technology company. It was founded in the year 1976. The company is located in California. The company focuses on designing, developing and selling consumer electronics, online services and computer software. It is also one of the big five companies in the U.S IT industry.

    The company earned a revenue of USD 274.515 billion in the year 2020 and a revenue of USD 848,090 per minute.


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    Alphabet

    Alphabet Inc is an American multinational conglomerate. It was founded in the year 2015. Alphabet is the parent company of Google. The company has its headquarters in California. Alphabet is considered to be one of the world’s most valuable companies and the fourth largest technology company in the world. Alphabet’s Google is one of the big five companies in the U.S IT industry.

    The company earned a revenue of USD 182.53 billion in the year 2020 and a revenue of USD 433,014 per minute.

    Microsoft

    Microsoft is an American multinational technology company. It was founded in the year 1975. The company is located in Washington. The company focuses on developing, providing licenses, support, manufacturing and selling of computer software, personal computers, consumer electronics and related services. The company is also one of the big five companies in the U.S IT industry.

    The company earned a revenue of USD 143 billion in the year 2020 and a revenue of USD 327,823 per minute.


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    Facebook

    Facebook is an American based multinational company. It is social media and social networking service. The company was launched in the year 2004. It is located in California. Facebook was the most downloaded app during the 2010s.

    The company earns a revenue of USD 85,965 million and a revenue of USD 213,628 per minute.

    Tesla

    Tesla Inc. is an American based Electric Vehicle and Clean energy company. It was founded in the year 2003. The company is located in California. The company has a wide range of products which include electric cars, solar panels, solar roof tiles, battery energy storage from home to grid scale and various other products and services.

    The company earned a revenue of USD 31.536 billion in the year 2020 and a revenue of USD 81,766 per minute.

    Most valuable brands worldwide in 2021
    Most valuable brands worldwide in 2021

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    Netflix

    Netflix is an American based company. It is an over-the-top platform and a production company. Netflix was founded in the year 1997. The company has its headquarters in California. Netflix is a member of the Motion picture Association (MPA). It is involved in producing and distributing contents across the globe.

    The company earned a revenue of USD 25 billion in the year 2020 and a revenue USD 50,566 per minute.

    Walmart

    Walmart is an American based multination retail corporation. The company was founded in the year 1962. It has its headquarters in Arkansas, U.S. The company operates a chain of discount department stores, hypermarkets, grocery stores, etc. Walmart is the world’s largest company by revenue.

    The company earns a revenue of USD 559.2 billion in the year 2021 and a revenue of USD 1,063,546 per minute.

    Sony

    Sony group is a Japanese based multinational conglomerate corporation. It was founded in the year 1946. The company has its headquarters in Tokyo. Sony is one of the world’s largest manufacturers of professional and consumer electronic products, the largest company for video game console, the second largest record company, the second largest video game publishing company, as well as one of the most comprehensive media companies.

    Sony earned a revenue of USD 80 billion in the year 2020 and earns a revenue of USD 152,207 per minute.


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    Toyota Motor Corp

    Toyota Motor Corp is a Japanese based multination automotive company. It was founded in the year 1937. The company has its headquarters in Aichi, Japan. Toyota is considered to be the tenth largest company in the world in terms of Revenue generated.

    It is also the largest automotive manufacturer in the world. Toyota was the world’s first automotive company to manufacture more than 10 million vehicles in a year.

    Toyota Motor Corp earned a revenue of USD 275.4 billion in the year 2020 and earns a revenue of USD 489,726 per minute.

    FAQ

    What company makes the most money per minute?

    Amazon is an American conglomerate which makes USD 955,917 per minute.

    What the most profitable companies make per second?

    Big pharma companies like Johnson & Johnson and Gilead Sciences make more than $400 per second.

    How much does Jeff Bezos make a minute 2020?

    Jeff Bezos makes about $321 million a day, $13.4 million an hour, $222,884 a minute, and $3,715 a second in 2020.

    Conclusion

    The above are some of the top companies in the world and the revenue they generate every minute.