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  • Bdiapers- India’s First Hybrid Cloth Diapers

    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 Bdiapers.

    “Can we use Diapers for babies? Cloth or disposable diapers? Are diapers safe for infants? How often should I change my baby’s diaper?” These are some basic issues that every parent has to go through in the early days of their new-born babies. So, parents have resorted to disposable diapers to keep their babies dry and comfortable. But how safe are these diapers for new-borns?

    The initial phase of parenthood is hectic because you strive to give the best to your baby. While diapers can make things easier, using diapers for longer periods generates heat. So, changing diapers frequently is the key to ensure that your baby is dry, comfortable, and healthy. Bdiapers is India’s first and only hybrid cloth diaper that can hold a washable or disposable insert and solution to many new parents.

    Bdiapers- Company Highlights

    Company Name Bdiapers
    Headquarter Bangalore
    Founder Amrita Vaswani
    Founded 2019
    Sector Baby Goods / Apparel
    Website bdiapers.in
    Registered Entity Name Earths Best Marketing LLP


    Bdiapers – About
    Bdiapers – Founder
    How Bdiapers Started
    Bdiapers – Name, Logo and Tagline
    Bdiapers – Vision and Mission
    Bdiapers – Target Market Size
    Bdiapers – Products/ Services
    Bdiapers – Business and Revenue Model
    Bdiapers – Startup Launch
    Bdiapers – Customers/ Clients
    Bdiapers – Challenges
    Bdiapers – Competitors
    Bdiapers – Recognitions and Achievements
    Bdiapers – Future Plans

    Bdiapers – About

    Bdiapers is a hybrid diaper with a cloth shell that works with chemical-free disposable nappy-pads. These diapers come in a patented two-part pouch system that separates the “cloth” from the “diaper”. The disposable nappy pads are bleach, fragrance & dye free hence hypoallergenic and do not cause a rash. The cloth shells are sized and trendy in design, and they offer a complete range of healthy diapering solutions for conscious, green parents.

    Bdiaper is India’s first and only hybrid cloth diaper that can hold a washable or disposable insert. These work in a 2-part system with a cloth shell and a removable waterproof pouch that holds the insert pads. The cloth shells come with matching T-shirts, headbands, and bandana bibs to complete the look, and make for comfortable and stylish clothing for the baby. While the disposable inserts are fragrance, bleach, and dye-free hence hypoallergenic.


    Bdiapers – Founder

    Amrita Vaswani is the Founder of Bdiapers.

    Bdiapers Founder | Amrita Vaswani
    Bdiapers Founder | Amrita Vaswani

    Currently, Amrita is running the company along with her team. She completed her MBA in Australia and has over 10 years of consumer marketing experience from companies such as Colgate Palmolive, Microsoft, and American Express.
    Bdiapers has 4 full time and 3 part-time folks along with some freelance content writers and all the full-timers are involved in every aspect of the business. They are all entrepreneurial, customer-focused and they all love babies

    How Bdiapers Started

    Bdiapers is a labor of love that came out of Amrita’s own experience of diapering her two boys. Her older son was prone to rashes; she was tired of chemicals in disposable diapers, and while Amrita was committed to cloth diapering, she was missing the convenience of disposables. She looked around for a diaper that was healthy, easy to use, eco-friendly, and affordable but she couldn’t find one that would fit the bill.

    Amrita then started the design of Bdiapers with a home machine and a tailor. The first set of disposable inserts were imported and biodegradable, however when they relaunched in 2019, they decided to make their product completely made in India, and they are still searching for a completely biodegradable disposable insert that can be locally manufactured.

    The diaper itself has gone through several versions since 2016 when Amrita’s 2nd child was born. The first lot of Bdiapers were made with matching T-shirts to make these as complete pieces of clothing, versus just an accessory.

    From that, they have had several changes in designs (including the method with which we attach the pouch) and our disposable inserts as well. We had a lot of success initially with new moms and their first set of customers was very excited about the concept. Amrita, then, had to shut down due to personal reasons and since her relaunch in 2019 they have had several satisfied customers. Bdiapers’ first channel partners were Firstcry, Amazon, and Flipkart and since then the company has grown to be present at almost all eCommerce portals.

    Bdiapers – Name, Logo and Tagline

    How they became Bdiapers is a story of serendipity. They started back in 2015 as Bumchum Diapers however due to a personal tragedy, Amrita was unable to further expand the business at that time. When they restarted in 2019, someone had taken over their brand and registered Bumchum so they weren’t able to use it anymore. By then the “B” was already a part of their existence, hence they decided to call themselves “Bdiapers”. They are very happy with their new brand.

    Bdiapers – Vision and Mission

    In the short term, Bdiapers is looking to create knowledge around the concept of Hybrid Diapers and create awareness about the hazards of using single-use disposable diapers on the baby’s health and her environment. They wish to seek feedback on their new system of diapering and work towards a completely green (i.e. Biodegradable) product in the future.

    Their long-term vision is to disrupt the diaper category and create options for mothers like myself who are tired of chemicals in disposable but are not fully able to commit to the cloth as an option.

    Bdiapers’ core belief is that mothers deserve the option to choose what they feel is convenient and healthy for themselves and their babies. The company wishes to incorporate modern convenience in traditional products that are healthy, affordable, and eco-friendly.

    Bdiapers- Target Market Size

    The Indian diaper industry is pegged at 5 Billion growing at 5.8% CAGR. With Covid-19 awareness parents are getting conscious about the choices they make in products that impact the health of their children and the world they will grow up in. With the rise of the Make in India campaign, several new brands have emerged in the baby space that has propelled growth within the category.


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    Bdiapers – Products/ Services

    Bdiaper is India’s first and only hybrid cloth diaper that can hold a washable or disposable insert. These work in a 2-part system with a cloth shell and a removable waterproof pouch that holds the insert pads. The cloth shells come with matching T-shirts, headbands, and bandana bibs to complete the look, and make for comfortable and stylish clothing for the baby. While the disposable inserts are fragrance, bleach, and dye-free hence hypoallergenic.

    Bdiapers Hybrids are the healthiest, most eco-friendly diapers available in India These diapers help keep the convenience of disposables and the health of cloth in a diaper that is affordable, leak-proof, rash free and convenient. These diapers were designed by Amrita as she was tired of the inconvenient cloth diapers and the painful rashes caused by chemicals in disposables. She wanted a product that was easy to use and helps break the cycle of exposure to chemicals on her baby.

    Bdiapers Love Bug Set
    Bdiapers Love Bug Set 

    In order to reduce toxic waste, the 1st batch of Bdiapers was sold with imported biodegradable disposables. Amrita believed biodegradable would encourage green diapering however with the exorbitant pricing of these leading to a smaller audience converting to Hybrids, she started to focus on the design of an insert that was manufactured locally, fit their Bdiaper shells securely, without compromising on absorbency and comfort. And this is how they moved to its chemical-free inserts having the entire product made in India.

    Bdiapers – Business and Revenue Model

    Bdiapers mostly sell online through B2B e-commerce channels and their own website. They also sell through some retail stores in Nagaland through a distributor. Everything they sell is in the price range of INR 199 – INR 1399 and they try and cater to the entire range of healthy diapering solution which includes rash balms, baby wipes, diaper bags, and other accessories apart from its Hybrid Diapers.

    Bdiapers – Startup Launch

    Bdiapers launched its website in May 2020, and reached its target of 100 customers within two months! Since launch, they have over 450 loyal customers with a good number of them coming back. However, the bulk of their sales come from Bdiapers’ eCommerce channel partners Firstcry and Amazon.


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    Bdiapers – Customers/ Clients

    What has really worked for Bdiapers as a company is their product in itself. Being the only brand in India doing something disruptive in the diaper space has given them some much-needed visibility. There are improvements still needed in the design and soaking ability of the inserts and they are working tirelessly to incorporate all that they have learned from feedback from their customers over the last few months.

    They have also launched new prints and are working on a line of newborn diapers and accessories. But the reason they have customers coming back is that they are affordable, healthy diapering solution in India and are completely locally manufactured.

    Bdiapers – Challenges

    They re-started operations in September 2019 with their website ready in May 2020, hence like most other startups in its stage, their biggest challenge has been Covid-19, like many startups. Since the start, Bdiapers has faced issues like factories that made their products closing down, losing good people, and several other setbacks.

    Bdiapers has had to improvise, hustle, and in a lot of places take the hit on the high prices of trims and costs of production without compromising on quality. This has hurt its liquidity and has been the biggest challenge.

    Bdiapers – Competitors

    Bdiapers do not have a direct competitor in India, however, their biggest competitor in the hybrid diaper category doing great work is in the US called Gdiapers (the similarity in name is purely a coincidence!). In India, SuperBottoms is doing phenomenal work in bringing full cloth diapers to Indian moms. However, their product is different in concept and design from a complete cloth diaper or disposable diaper.


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    Bdiapers – Recognitions and Achievements

    It’s the small achievements which lead up to big ones! Since May, Bdiapers has been shortlisted for the Facebook small business grants program and is awaiting the final results.

    They have also been selected in the Kids Stop Press “Best Cloth Diaper in India” for 3 years in a row.

    Bdiapers – Future Plans

    Bdiapers hopes to build the category of hybrid diapers and comes with a great product that will be a healthy, eco-friendly, affordable alternative to single-use disposable diapers. They also hope to create more and more awareness amongst parents regarding chemicals in disposables and their harmful effects on the baby’s health in the long term.

    Frequently Asked Questions – FAQs

    What is Bdiapers?

    Bdiaper is India’s first and only hybrid cloth diaper company.

    When was Bdiapers founded?

    Bdiapers was founded in 2019.

    Is Bdiapers Indian company?

    Yes, Bdiapers is an Indian company headquartered in Bangalore.

  • B. R. Shetty- Founder of NMC Health

    Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr. Shetty’s initial interest was in hospitals and hospitality. And has since diversified into pharmaceuticals, financial services, retail, advertising and information technology. In 2015, he was included on the Forbes list of India’s 100 Richest People.

    B.R. Shetty
    B.R. Shetty

    B. R. Shetty- Biography

    Name B.R. Shetty
    Nationality Indian
    DOB 1 August 1942
    Occupation Founder of NMC Health, Finablr
    Parents Shambhu and Koosamma Shetty Shetty
    Net Worth $3.15 billion(2019)

    B. R. Shetty- Early Life
    B.R. Shetty- Family
    B.R. Shetty- Career
    B.R. Shetty- Neopharma
    B.R. Shetty- Controversies
    B.R. Shetty- Awards and Achievements

    B. R. Shetty – Early Life

    B.R. Shetty was born on 1 August 1942 to an ethnic Tuluva family. He was born in Kapu, Udupi to Tulu-speaking parents. He has 4 children after marrying to Chandrakumari Shetty.

    B.R. Shetty – Family

    He was born to Shambhu Shetty and Koosamma Shetty. He is married to Chandrakumari Shetty who is also a doctor. She is also the Group Medical director of NMC Health. He is father to one son and 3 daughters- Binay Shetty, Seema Shetty, Reema Shetty, and Neema Shetty.


    B.R. Shetty- Career

    In 1973, he immigrated to the UAE. He founded New Medical Centre Health (NMC) in 1974 to fill the need for personalized, cost-effective healthcare accessible to all after working as the country’s first medical representative. His wife was the only doctor in the clinic at that time. NMC is the largest private healthcare provider in the UAE. NMC has over 4 million patients annually across 45 facilities spread over 12 cities and 8 countries, including UAE, KSA, Oman, Spain, Italy, Denmark, Colombia and Brazil.

    It is the first healthcare company from the Gulf Cooperation Countries (GCC) and also the first company from Abu Dhabi to be listed on the premium segment of the London Stock Exchange and was part of the coveted FTSE 100 Index. The company was de-listed from London Stock Exchange and was removed from FTSE 100 index, consequent to the request from the NMC board of directors and an on-going investigation of potential financial irregularities.


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    B.R. Shetty took over the UAE Exchange from its founder Daniel Varghese in 1980 with the help of an Emirati and a former UAE minister of Justice, Abdulla Humaid Al Mazroei. Founded by Daniel Varghese UAE exchange was an attempt to ease the process of sending money by the expats to their families in their respective home countries. It had expanded into over 31 countries and had approximately 800 direct offices by 2016. It did over US$50 billion collectively in money remittance and exchange volumes in 2014 . In 2014 Shetty acquired Travelex, a major foreign exchange company. Travelex has a global footprint including 1500 stores and 1300 ATMs across 27 countries.

    NMC located in Dubai
    NMC located in Dubai

    B.R. Shetty – Neopharma

    Shetty founded NMC Neopharma, a UAE based pharmaceutical manufacturer in 2003. Neopharma was inaugurated by the former President of India, A. P. J. Abdul Kalam in Abu Dhabi. It uses the concept of modular manufacturing following global benchmarks in manufacturing technology and putting in place efficient control mechanisms. Neopharma has a research and development wing. It works to provide quality medicines at affordable prices. The company contracts manufacturing for international pharmaceutical companies and also generic brands for companies including, but not limited to, Merck, Pfizer, AstraZeneca, and Boots UK.

    Shetty led NMC through an IPO on the London Stock Exchange, which raised $330 million in 2012. The funds were used in building a specialty hospital in Khalifa City, Abu Dhabi.

    Shetty announced that he was building the first medical university in Abu Dhabi in honor of Sheikh Zayed in June 2016. He was elected to be chairman of the Indian Business/Professional Group that same month. Shetty announced that he was building a 400-bed super-specialty hospital in Udupi in Karnataka through B R S Ventures in August 2016. He owns a hospital in Alexandria, two hospitals in Nepal, and acquired a hospital in Cairo as part of his personal portfolio under the same company.

    BRS Ventures also announced plans to invest $5 billion in developing healthcare facilities across India in August 2019.

    B.R. Shetty – Controversies

    Bloomberg News report casted doubts on his real holding amidst the short-selling of NMC Health by Muddy Waters Research in February 2020. Shetty was also ousted from the NMC Health board following a corporate governance scandal over his holdings in the company in February 2020.

    NMC went into Administration in UK due to insolvency of the company on April 8, 2020. The Central Bank of UAE ordered seizure of all assets of Shetty and his family in the UAE on April 27, 2020.

    There were allegations of misappropriation by Shetty at his companies and was forced to resign from his director positions. NMC Health went into Administration in UK due to the insolvency of the company on April 8, 2020.

    It is believed that his net worth has fallen to a fraction of the earlier estimate of $3.15 billion due to sharp drops in share prices and shares pledged by Shetty to pay for debts incurred. Consequently Forbes dropped Shetty from its 2020 annual list of billionaires.

    Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health with the Attorney General’s Office of UAE on 15 April 2020. Indian agencies have initiated probe to identify potential risks to Indian banks, if any. The Central Bank of UAE ordered the freezing of his accounts and the blacklisting of his firms on 27 April 2020.

    It was discovered his entire setup was a fraud and he was hiding in borrowings which were discovered to be in excess of 6.8 billion USD in 2019- Subsequently, he has absconded to India.


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    B.R. Shetty- Awards and Achievements

    Awards Year
    Abu Dhabi Awards- the highest civilian distinction in the Emirate 2005
    Pravasi Bharatiya Samman 2007
    Padma Shri 2009
    Asian Achievers Awards 2011
    International Achievers Summit’s Lifetime Achievement Award 2013
    Frost & Sullivan Lifetime Achievement Award 2013
    Top Indian Leaders in the UAE Award- Forbes Middle East 2014
    Centenary Award 2015
    Deal of the Year Award 2015
    6th Middle East Business Leaders Awards 2015
    Golden Peacock Lifetime Achievement Award for Business Leadership 2016
    Business Excellence Award from the Indian Business & Professional Council 2016
    Honorary Doctorate award by Middlesex University in Dubai 2016
    Annual Health Awards 2017
    Nadaprabhu Kempegowda International Award 2017
    C3 Lifetime Achievement Award 2018

    Shetty was awarded the highest civilian distinction in the Emirate, the Abu Dhabi Awards in 2005. It was given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi. U.S. India Friendship Society presented Shetty the Distinguished Entrepreneur Award in 2005.

    In 2007, Shetty was honored by the Pravasi Bharatiya Samman.

    In 2009, Shetty received the Padma Shri awarded by the President of India for his contribution in the field of trade and industry.

    He received the Asian Achievers Award from the Human Achievers Foundation in July 2011.

    Pharma Leaders founded by Satya Brahma declared Shetty as Global Indian of the Year along with Kiran Mazumdar Shaw at 5th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards in September 2012 in Mumbai.

    Shetty was recognized as one of Asia’s most promising leaders at the Asian Brand & Leadership Summit in 2013. He was awarded the International Achievers Summit’s Lifetime Achievement Award in March 2013. Shetty received the Asian Business Leadership Forum India-UAE Business Icons Award that same year. He also received the Frost & Sullivan Lifetime Achievement Award in 2013.

    Forbes Middle East recognized Shetty with the Top Indian Leaders in the UAE Award in 2014. In the same year he also received the Lakshya Business Visionary Award. Shetty was recognized with the International Achievement Award at the Indian Innovator Awards that same year.

    The Indian Club – Bahrain recognized Shetty with a Centenary Award in February 2015. He received the Deal of the Year Award at the Indian CEO Awards in 2015. Shetty received the Business Personality of the Year award from Crowe Horwath International in June 2015. Shetty received the Arabian Indian Czars award that same month.

    In 2015, Shetty received the Global Indian Achiever Award from H. H. Sheikh Nahyan Bin Mubarak al Nahyan. Also, H. H. Prince Faisal Bin Saud Bin Musaed Bin Abdulaziz presented Shetty with the National Cultural Award in 2015.  In 2015, Shetty’s company, NMC Healthcare, received the Frost & Sullivan Middle East Integrated Healthcare Company of the Year Award. MILAAP honored Shetty with a Lifetime Achievement Award that same year.

    B.R. Shetty was recognized as the Healthcare Business Leader of the Year at the 2015 Gulf Business Industry Awards. He was felicitated by More Ignatius Jacobite Syrian Orthodox Cathedral in Dubai in November 2015. In 2015, Shetty’s NMC Healthcare was recognized at the 6th Middle East Business Leaders Awards where Shetty was given the Industry Excellence in Healthcare Award.

    Shetty received the Golden Peacock Lifetime Achievement Award for Business Leadership in 2016. Shetty won the Business Excellence Award from the Indian Business & Professional Council in 2016.  In 2016, Middlesex University in Dubai awarded Shetty an Honorary Doctorate.

    Shetty was honored at the Annual Health Awards with a special award for his contribution to the region’s healthcare industry in January 2017. The next month, Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival.

    Shetty was recognized by Forbes Middle East among the top Indian leaders in the Arab world in May 2018. Shetty received the C3 Lifetime Achievement Award in September 2018.

    Frequently Asked Questions – FAQs

    Who is B. R. Shetty?

    Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr.

    Who is the Neopharma owner?

    B. R. Shetty is the owner of Neopharma.

    What is the full form of NMC Hospital?

    NMC Health stands for New Medical Centre in Abu Dhabi.

  • How did Zara Face its First Loss [ Case Study]

    Inditex is one of the world’s largest fashion retailers with eight brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe) Zara has a total of 2270 stores worldwide in 96 countries.

    Zara has reported its first loss since going public 2 decades ago due to coronavirus pandemic, Two months later lockdown has forced Zara to shut down almost 90% stores in every country which has caused a drop in his first-quarter sales.

    Zara is already looking into it that how it can surpass its rivals and gain maximum market share in the post lockdown world. At Inditex, e-commerce rose 50% in the first quarter, The company got 14% of the total revenue from online sources last year. Inditex has plans to invest 3 billion dollars to boost the e-commerce operations of chains like Zara and Bershka to get an edge over rivals as the pandemic has stalled down the operations.

    Zara Business Model
    Zara Operations Management
    Supply Chain Management of Zara
    Problems Faced by Zara
    Steps to be Implemented by Zara to Overcome the Current Loss
    Expected Outcome of the Implementation

    Zara Business Model

    Zara is one of the most popular, recognized brands of fast-fashion in the world. one of the reason for the success of Zara is its business model and its supply chain management.

    Integral products of Zara business model

    • Men’s and women’s clothing
    • Children’s clothing (Zara Kids)
    • Beauty and Lifestyle Products
    • Accessories

    1) Vertical Integration

    • Vertical integration is one of the factors that makes the Zara business model stand out against rivals.
    • Zara ensures speed and responsiveness in deploying new designs for its customers whenever they demand one.
    • This technique encourages Zara to fluidly communicate with different stages of the company this also ensures Zara to create an efficient supply and distribution chain.

    2) Logistical trade-offs

    • Zara manufactures maximum of its products in Europe.
    • Based on statistical information Zara generates most of its sales from Europe, approximately 66% of total sales.
    • Manufacturing in Europe is profitable for Zara because it circumnavigates the cost of vertical integration.

    3) Control over design and manufacturing

    • Zara ensures that only high-quality clothing is manufactured and high-quality machinery and only skilled workers are used.
    • Zara houses 300 designers who produce 40 000 new designs every year.

    4) The rapid product replacement cycle

    • Since Zara manufactures all of its products in Europe it stays ahead of others by rapidly and continuously changing designs according to the changing trends.
    • This cycle encourages customers to purchase clothes periodically as the clothes which are in-trend today may be replaced by some other trend in the future.

    5) Lack of advertisement

    Advertisements are not one of Zara’s strategy to promote their products

    • The only advertisement they rely on is catalogs and logos on their retail bags. this technique helps Zara to stand out from others and maintaining the authenticity, luxury, and uniqueness of the brand.
    • One area that Zara saves a lot is, The lack of advertisements surprisingly this strategy works in a favor of Zara and they can deliver the customer’s a price range of products that are much lower than that of luxury brands.

    Zara Operations Management

    Zara is known for its vertically integrated supply chain, Zara controls majority of processes such as processes of designing, manufacturing, and distribution of completed products. fashion industry is highly competitive Zara vertical integration, smaller supply chain, and minimum inventory stock allows Zara to stay ahead of others and avoid excessive risk. the product life cycle in fast fashion industry is really short so the product needs to be unique to compete with other brands and build a strong image.

    Supply Chain Management of Zara

    Zara’s supply chain management has helped Zara become one of the most profitable and recognized brands in the fashion industry.

    Zara supply chain management
    Zara supply chain management

    1) Zara design process

    Zara design process keeps it ahead of other trends and fast fashion brands. Zara pays great importance to its design process because that is the user selling point of their brand.

    Zara case study
    Zara design process

    Zara’s designers are the core of its business model, In each locality where a store is located, the designers, market specialists, and buyers are located in nearby offices that hold small workshops for experimenting on new designs. Zara houses 300 designers who produce 40 000 new designs every year in which only 10 000 reach the production this allows  the company to bring new items to the store every week.

    2) Zara Manufacturing Process

    In this fast fashion industry, the trends shift rapidly which makes it harder for the brands to manufacture the products, ship the products to the warehouse, and then to the retail stores. The average production to shelf cycle of new designs in Zara arrives in the store around 15 days compared to competitors that receive new styles of clothing once or twice in a season.

    Since the company is vertically integrated it is able to produce its own fabric and it purchases dye from its own subsidiaries. Zara is faster than its direct competitors like GAP which offers more unique products than Zara.

    3) Zara Distribution Process

    Zara has invested a huge amount in its automated warehouse which is considered as a great investment for the brand, which are close to the production centers and are responsible for packing, storing, and assembling individual orders for their retail network.

    The automated warehouses are the reason that Zara can deliver new designs to their stores every two weeks to the fast-changing trends of customers that are mostly young and urban individuals.

    4) Zara Retail Process

    One thing that makes Zara retails stores different from other fashion stores is that the design stays in the store only for two weeks this encourages the customer to visit store with an expectation that they’ll find new designs every twice a week Also, product designs are not repeated and are produced in relatively produced in small quantities.

    Zara case study
    Zara retail process

    Problems Faced by Zara

    Inditex has been hit hard during the pandemic, with sales down 44% to €3.3bn between 1 February and 30 April, the first quarter of its financial year. The company has reported a net loss of €409m during the first quarter. The net income in the first quarter of 2020  was -€409 million versus net income of €734 million in the first quarter of 2019.

    Zara supply chain managemnet
    Interim three months of Zara 2020

    Due to the restrictions imposed on the operations of stores in most of the market in which we have a presence, the sales decreased rapidly. Quarter of the stores were closed down due to the restrictions. Due to the adaptability of the business model inventory decreased by 10%. The closing inventory is considered to be of high quality.

    Zara supply chain management
    Zara store sales Q1 2020

    The company has decided to close up 1200 stores worldwide, mainly smaller stores in which the closure is expected to be focused on Asia and Europe. The total store count will fall from 7,412 to between 6,700 and 6,900 after the reorganization, which will also include the opening of 450 new shops.

    Steps to be Implemented by Zara to Overcome the Current Loss

    Over the next few years, Inditex will be very active in developing its unique, fully integrated store and online model. Inditex has planned to invest €1billion over 3 years on digital investments and a further €1.7bn in stores to allow them to integrate better with websites for faster deliveries and real-time tracking of products. Zara expects to open the new online studios (64,000 m2 ) at headquarters by the end of 2020.

    Expected Outcome of the Implementation

    • Online sales are expected to reach more than 25% of total sales by 2022.
    • The RFID product traceability system, full inventory integration, and global online development will be completed in all concepts by 2020 as planned.
    • Gross store openings will be around 150 stores per year in the 2020-2022 period. During this period a very significant number of high-quality store enlargements will be carried out.
    • Unique Store and Online platform to provide the strongest customer experience.
    • Capital expenditure €900m annually

    Zara’s supply chain management has helped Zara become one of the most profitable and recognized brands in the fashion industry. Zara has a design and distribution process that keeps it ahead of other fashion brands.

    FAQs

    What is Zara?

    Zara is one of the most popular, recognized brands of fast fashion in the world.

    What is Zara marketing strategy?

    Zara’s strategy with choosing where to put stores is to identify high-street retail areas in major metropolises. Rather than be first-to-market, Zara copycats tried-and-true fashion. The brand takes customer feedback seriously. Rather than invest in advertising, Zara focuses on brand experience.

    Is Zara expensive?

    Yes

    Is Zara a luxury brand?

    Yes


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    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. As this modern world is moving forward, the gender demarcations that were oncevery clear, are slo…


  • Wallace Calvin Abbott: Founder of Abbott Laboratories

    Dr. Wallace Calvin Abbott is a Chicago Physician who founded the healthcare company, Abbott Laboratories. Today, the company is one of the world’s largest pharmaceutical conglomerates. He used to prescribe some commonly-used painkillers, like liquid alkaloid extracts which were susceptible to spoilage such as codeine, morphine, quinine, and strychnine. He was one of the first American Physicians to validate a new technique to distill alkaloids, the parts of medicinal plants that have therapeutic effect, into a solid form. This technique was developed by a Belgian surgeon, Adolphe Burggraeve. Wallace was an examining physician to Court Ravenswood of the Independent Order of Foresters, and is a Freemason.

    Wallace Calvin Abbott- Biography

    Name Wallace Calvin Abbott
    Born 12 October, 1857
    Birthplace Bridgewater, Vermont, United states
    Died 4 July, 1921
    Life-span 64 years
    Nationality American
    Education University of Michigan
    Profession Physician; Businessman
    Known for Founder & President, Abbott Laboratories
    Spouse Clara Ingraham Abbott
    Children Eleanor Abbott
    Authored Books A Brief Therapeutics of Some of the Principle Alkaloidal Medicaments: With Suggestions for Clinical Application (1901) Text-Book of Alkaloidal Therapeutics (1905)

    Wallace Calvin Abbott – Personal Life
    Wallace Calvin Abbott – Education
    Wallace Calvin Abbott – Professional Life
    Wallace Calvin Abbott – Business Idea
    Wallace Calvin Abbott – Success story
    Wallace Calvin Abbott – Abbott Laboratories
    Wallace Calvin Abbott – AbbVie


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    Wallace Calvin Abbott – Personal Life

    Wallace was born in Bridgewater, Vermont, US in 1857. He further lived in Chicago. His father, Luther Abbott was a farmer at England and Wealtha Barrows Abbott was his mother. He had a sister named Lucy Abbott.

    His father deemed Wallace’s education unnecessary at the age of 14 and asked him to work at the family farm. However, it was her mother who convinced him to let Wallace earn his medical degree as he wanted to become a doctor. He was married to Clara Ingraham Abbott and the couple has a daughter, Eleanor Abbott. He had a life-span of 64 years and died in 1921.

    Wallace Calvin Abbott – Education

    Wallace went back to school in his 20’s, got enrolled in St. Johnsbury College. He later got admitted in the Medical department of Dartmouth College. At age 28, he earned his medical degree of Doctor of Medicine (MD) from University of Michigan (1885).

    Wallace Calvin Abbott – Professional Life

    While experimenting, Wallace measured his drugs into small pills which he named “domestics granules”. These granules provided an accurate dosage and proved to be a more effective and long-lasting than other medicine available at that time.

    He started to sell his own innovated medicine, Dr. Abbott’s Tooth Ache Drops. He then founded his medicine manufacturing venture Abbot Laboratories in 1888. He also served as the Editor of the medical journal The Alkaloidal Clinic, which was later renamed and is also currently published as American Journal of Clinical Medicine.


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    Wallace Calvin Abbott – Business Idea

    Wallace saw the growing demand of the remedies invented by him and he thus decided to establish his own business of manufacturing medicine. He started by leasing a small factory in 1888, and by 1900 he incorporated his venture, Abbott Alkaloidal Company.

    During World War I, the import and export from Germany was prohibited in America. This was the time when pharmaceuticals were not available in America from Germany. Thereafter, the US companies were sanctioned to manufacture trademarked German drugs, and Abbott’s business boomed. He was somewhat inactive in his company’s keen growth as he rather preferred to practice medicine, and made house calls on his bicycle.

    Wallace Calvin Abbott – Success story

    Even after being tangled in the world of drugs, he never procured the habit of using tobacco or liquor. He had a sole aim of manufacturing innovative medicines that can be used for over a long period of time. Also, much of his success in life is due to his abstemiousness.

    He paid for his studies on his own while working at all kinds of company finance pay. He was assiduously engaged in manufacturing alkaloids granules and other high-class pharmaceuticals for physicians’ use. Moreover, he has held several positions of honor. He was a member of the Rutland County Medical Society, the Chicago Medical Society, the American Medical Association, and the American Medical Temperance Association.


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    Wallace Calvin Abbott – Abbott Laboratories

    Abbott Logo

    Wallace founded an American multinational medical devices and health care firm, Abbot Laboratories in 1888. It is headquartered in Abbott Park, Illinois, United States. He established the company to formulate known drugs and today it sells medical devices, diagnostics, nutritional products, and branded generic medicines.

    He is the Founder and President (1888-1905) at Abbott Laboratories. The company now is best known for the sedative Nembutal, sodium pentathol (“truth serum”), and the artificial sweetener cyclamate (Sucaryl), which was then banned in the US in 1969 as a carcinogen.


    Wallace Calvin Abbott – AbbVie

    AbbVie Logo

    AbbVie is the sister company of Abbott Laboratories and employs upwards of 90,000 people in over 150 countries, with profits raising to $ 20 billion annually. It is an American publicly traded bio-pharmaceutical firm founded in 2013. The company originated as a spin-off of Abbott Laboratories.

    Frequently Asked Questions – FAQs

    Who is Wallace Calvin Abbott?

    Dr. Wallace Calvin Abbott is a Chicago Physician who founded the healthcare company, Abbott Laboratories.

    Who is the founder of Abbott laboratories?

    Dr. Wallace Calvin Abbott is Abbott Laboratories founder.

    What is Abbott Laboratories known for?

    Abbott Laboratories is a U.S. health care company which specializes in cardiovascular, diagnostics, diabetes and neuromodulation products. Abbott is also well-known for its pediatric and adult nutrition.

  • Qraa Men: Men’s Grooming Products Available Online At Affordable Rates

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

    As this modern world is moving forward, the gender demarcations that were once very clear, are slowly blurring. People have become more accepting towards many things that were considered a taboo earlier. One of them is – “men grooming themselves up”. The taboo around men using cosmetics still exists and here is one such Men’s grooming brand: Qraa Men, breaking that one!

    Qraa Men- Company Highlights

    Company Name Qraa Men
    Headquarter New Delhi
    Founder Karan Gupta
    Founded 2017
    Sector Personal Care
    Website qraamen.com
    Registered Entity Name RG BIOCOSMETICS PVT.LTD

    Qraa Men- About
    Qraa Men- Founder
    How was Qraa Men Founded
    Qraa Men- Name, Logo and Tagline
    Qraa Men- Vision and Mission
    Qraa Men- Target Market Size
    Qraa Men- Products/ Services
    Qraa Men- Business and Revenue Model
    Qraa Men- Startup Launch
    Qraa Men- Customers/ Clients
    Qraa Men- Challenges
    Qraa Men- Marketing Campaign
    Qraa Men- Advisors and Mentors
    Qraa Men- Competitors
    Qraa Men- Tools
    Qraa Men- Recognitions and Achievements
    Qraa Men- Future Plans
    Qraa Men – FAQs

    Qraa Men- About

    Qraa Men is a leading Indian brand in men’s grooming and personal care industry. They combine the knowledge provided by ancient Vedas with the cutting-edge technology of the 21st century to offer a range of products dedicated to men’s grooming and personal care.

    The company holds the treasures of ancient Indian curative culture in high regards, and all its products are made with pure botanical ingredients. They contain no chemicals, sulphate or paraben and are not tested on animals.

    Qraa Men- Founder

    Qraa Men is founded by Karan Gupta.

    Qraa Men Founder | Karan Gupta
    Qraa Men Founder | Karan Gupta

    Karan’s father Mr Raj Gupta has over 25 years of experience in the beauty and skincare industry. He founded RG BIOCOSMETICS PVT.LTD in 2013. Karan came up with the idea of Qraa Men in 2017 and launched it under his ambit. With his father’s visionary sense and his new approach to digital expansion, our company flourished. Karan’s dad has always been an adroit businessman with a lot of street smartness.

    While Karan look after the digital aspects of the business, such as online sales and research, his dad takes care of retail networks and offline sales. They have got other employees taking care of their online presence, as they are a digital-first company and an innovations team to come up with product ideas. Qraa Men has an open and inviting work culture.

    How was Qraa Men Founded

    Funny story, but the inspiration for the company comes from my personal life. As a man, Karan was never very keen about taking care of his skin, hair or beard. But that changed a few years ago. When he started to look for effective, natural and affordable products for men in the Indian market, Karan was appalled when he returned empty-handed. Brands that offered versatility were not affordable and vice versa.

    Karan with his father Raj Gupta
    Karan with his father Raj Gupta

    Coming from an entrepreneur family, it did not take him long to understand the market gap in men’s grooming and personal care. The journey of ideation, designing and prototyping were not too difficult, as Karan’s father is a businessman as well. With his help and support, he was able to create a viable business concept that has today succeeded to bridge the market gap that pushed Karan to start this business!

    Qraa Men- Name, Logo and Tagline

    When they started out with the company and were brainstorming on names, there were various names that they had in mind. They decided to select a name that is short, sweet and self-explanatory. That is when they finalised on Qraa Men, which is a mysterious name that can generate curiosity in the minds of the people.

    An aura of suspense is actually an essential part of their brand image to keep it playful. That is why its logo also has the devil’s horns.

    Qraa Men Logo
    Qraa Men Logo

    Qraa Men- Vision and Mission

    In the long term, Qraa Men aims to be the biggest name in the men’s skincare and grooming industry of India. In the short term, they want to bring out a selection of innovative and natural products like Qraa men face wash that can bridge the gap in the product supply for the unique needs of men’s skin & hair.

    Its core belief behind running the company is, that it is high time Indian men understand their skin & hair and get access to natural, organic and affordable grooming and personal care.

    Qraa Men- Target Market Size

    As per a report by Research & Markets, the Indian men’s grooming market is expected to grow with a CAGR of more than 10% in the forecasted period of FY 2017-18 to FY 2021-22. The market share of some segments did come down a little due to corona, but a few other segments associated with personal care are doing comparatively well. Overall, men’s grooming is segmented into men’s shaving products market, beard care market, men’s skincare market, men’s haircare market, men’s fragrance market.

    Qraa Men- Products/ Services

    There is a lot of stigma around grooming and personal care for men in India. For centuries, caring about skin and hair has been designated as activities only suitable for women. That started to change in the past few years, but there is still a long way to go to totally absolve stereotypes associated with men’s grooming, skin and personal care. Even the products that are available for men in the Indian market are loaded with chemicals and preservatives, as only ‘extra strong’ ingredients are wrongly believed to work for men’s skin and hair.

    Qraa Men D-Tan Cleanser
    Qraa Men D-Tan Cleanser

    Qraa Men, with its range of natural, organic and effective products, solves that problem. The brand offers gentle but highly efficient products for men’s hair, skin, body and beard. While many companies in the men’s grooming sector offer products that are not affordable for a big majority, Qraa Men offers an economical collection.

    Qraa Men- Business and Revenue Model

    Qraa Men is an entirely homegrown startup that has received no external funding. Karan established the company with his personal savings under the ambit of R. G. Biocosmetics. After starting the business, they started seeing a growth rate of about 20-25% annually. Although this year they are looking to just maintain their profits due to coronavirus.

    In subsequent years, Qraa Men is expecting its profits to grow at about 30-35% per year. Their profits in 2019-20 was INR 40 crores GMV. They price their products 10 times the manufacturing cost but keep it competitive as per the market rates so that it is easily affordable.


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    Qraa Men- Startup Launch

    When Qraa Men was first launched, they did what any business should do. They promoted its first line of products among their friends and family and told them to refer it to their connections if they like it. Some were even so kind as to post their experience on social media without the brand’s hashtag.

    The brand was always ‘digital first’, so they were working on creating a sturdy and responsive website to take the orders. The word of mouth and social media referral worked, and orders gradually started to pour in. They had a few introductory discounts planned, which helped them appeal to new customers for trying them out.

    Qraa Men- Customers/ Clients

    One strategy that Qraa Men has been following since the beginning is focusing on the ‘online’. One reason behind it is that they always keep its customer and market trends in mind. When more customers started to prefer using coupon codes and ordering their personal care products online, they ensured that the online purchasing experience at their website is smooth and fast.

    When the customers started focusing more on social media, they shifted their focus as well. They tied up with influencers and youth icons such as Sahil Khan to endorse Qraa Men’s products. As they kept adjusting their operations and improving its products to stay exciting and relevant for their target audience, their customer base started to swell.

    Qraa Men- Challenges

    A significant challenge that Qraa Men faced after entering the Indian market was to differentiate their products from the crowd of other products for men. Just a while after launching operations, they soon understood that they need to highlight the distinctive qualities of its products from their competitors in order to be noticed. At first, they thought that this problem could be solved with just an effective social media strategy.

    Qraa Men D-Tan Facial Kit
    Qraa Men D-Tan Facial Kit

    Even though that worked to an extent, the team knew that it would not be sufficient. So, their innovations team took charge and researched several ways to get its product out there. And now, they have one of the best salon outreach programs and many noteworthy influencers vouching for its products in India when it comes to men’s grooming.

    Qraa Men- Marketing Campaign

    While they keep on executing planned marketing campaigns on a regular basis, there have been a few in the past that have helped us scale their sales. They believe that one of the best ways to reach potential customers is to find the opinion maker or leader of that audience. Qraa Men’s marketing campaigns with fitness and youth icon Sahil Khan, Mr Rajasthan 2020 Vipul Chowdhary and few more dedicated influencers on Instagram were really successful. They redirected relevant traffic to their social media handles and website and even helped them boost their sales.

    Qraa Men continues to spend 20% of their profits on its branding.

    Qraa Men- Advisors and Mentors

    Not formally, but Karan is always inspired by the speeches made by notable entrepreneurs in India. He makes it a point to follow their advice as he strongly believes in learning from other people’s mistakes or experiences. Karan also considers his dad to be a celebrated entrepreneur with years of knowledge and experience.

    Since he is the managing director of the company, the team takes his mentoring very seriously. Lessons from his life and business experience have been so useful for Qraa Men.

    Qraa Men- Competitors

    Some of Qraa Men’s top competitors are Beardo, The Man Company, MensXP and Ustraa. They want to appreciate the good work that they have been doing. Even though some of their products do get fair competition from them, its quality and affordability speak for itself. Qraa Men has received top reviews in some product segments such as hair products, body oil etc.


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    Qraa Men- Tools

    Qraa Men has a team of experienced and adept e-commerce experts, who play a pivotal role in running the company. They use the Shopify CRM to create a robust and responsive website that provides safe, easy and excellent shopping experience to their customers. Since they are a digital-first brand, they have also been focusing on developing relatable content on its social media platforms to attract more eyeballs.

    Qraa Men- Recognitions and Achievements

    Under the same umbrella as Qraa Men and Namyaa Skincare, Karan also manages Arama Naturals, which has recently won a Cosmopolitan award for its Rose Gold Oil. They have just started out on their journey to revolutionise men’s personal care and grooming. They are hopeful of winning many accolades for Qraa Men as well.

    Qraa Men- Future Plans

    Qraa Men relies on concrete data for crafting future strategies and expansion plans. They keep conducting timely surveys of their target audience to get a sense of their changing preferences and aspirations. They have managed to maintain their profits for the year. At the same time, they have also made an extensive future plan to grow Qraa Men’s revenue, profit, user base and market share. Due to the good response they received for Qraa Men, they decided to venture into the market of female hygiene products.

    In the near future, they are planning to come out with a range of unique and innovative products for men such as Gold Oils, Keratin-infused Hair Serum, Hydra Boost Moisturiser, Onion Oil etc. They have also planned to add more natural and organic product ranges for men in personal care and grooming segments.

    For this, they started Namyaa Skincare, which produces intimate hygiene products for women such as intimate washes, whitening serum etc. In the next 1-2 years, they are planning to launch revolutionary products under both the labels. Under Namyaa Skincare, they are shortly launching a new vertical called Namyaa Lifesciences. Under this, they will bring out purely herbal health supplements to solve period, PCOD and reproductive health issues in women.


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    Qraa Men – FAQs

    What is Qraa Men?

    Qraa Men is a leading Indian brand in the men’s grooming and personal care industry. They combine the knowledge provided by ancient Vedas with the cutting-edge technology of the 21st century to offer a range of products dedicated to men’s grooming and personal care.

    Who is the founder of Qraa Men?

    Karan Gupta

    When was Qraa Men founded?

    2017

    What are the Qraa Men products?

    Qraa Men products are face wash, moisturizer, acne clearing face gel, etc.


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  • Reasons To Switch To Organic, Clean Beauty And Cruelty-Free Skincare

    Today we see consumers making mindful choices about the things they purchase or invest in. The year 2020 witnessed conversations and discussions around what we consume and how it affects the environment and what’s sustainable and what’s not. Surprisingly, these conversations were not just restricted to food and clothing, but also took over the beauty and cosmetics industry. Thus the term ‘clean beauty’ took center stage!

    What Is Clean Beauty?
    Reality Of Conventional Personal Care Products
    Clean Beauty Products Are Good For The Environment Too
    Leads To Healthier Looking Skin
    Avoid Animal Tested Products
    FAQ’s
    Conclusion

    What Is Clean Beauty?

    We hear words like ‘natural’, ‘organic’, ‘paraben-free’ or ‘vegan’ when we come across a brand and its products; these terms go interchangeable with clean beauty. In simple words, clean beauty generally refers to skincare, makeup and personal care products that are formulated with natural, botanically-derived ingredients and formulated without toxic or questionable ingredients that can have a negative impact on our health and the environment.

    Clean Beauty Trend

    Most of the products curated and created are said to have been sourced ethically and do not have side effects on your skin and the environment. According to me, It is all about using the original source in its natural form and using that to the best of its capacity! Clean beauty is a great way to indulge in a healthy and conscious personal care alternative.

    Speaking of a healthy and conscious alternative, here’s why you must switch to organic, clean beauty products now:

    Reality Of Conventional Personal Care Products

    Earlier we didn’t bother reading the list of ingredients at the label of the product. Most ingredients within synthetic products can contain words like ‘methylparaben’ or ‘SLS’ or a seemingly endless stream of letters that form words impossible to pronounce. For many of us, assuming that these ingredients are safe simply because they’re on the shelves of our favorite store has been enough to lull us into a false sense of security for decades. But these harmful chemicals have a long term effect on our health and we must understand that we may be negatively impacting our health just by slathering on our favorite body lotion or spritzing our favorite perfume every day.

    Clean Beauty Products Are Good For The Environment Too

    The two main components that impact the environment are the product itself and product packaging. Product packaging includes several components that negatively impact the environment, namely plastic. A clean beauty approach focuses on sustainable packaging, recycling and using a supply chain that reduces carbon footprint. Beauty entrepreneurs and brands must therefore produce packaging that is sustainable and eco-friendly.

    Leads To Healthier Looking Skin

    Having a holistic approach in achieving healthy looking skin is a must. By just applying products to your skin or hair won’t help you reach your ideal skincare or haircare goal. A healthy lifestyle is the best beauty care! It is best to avoid harsh treatments and products on the skin. Products need to be genuine and manufacturers should ensure that the labels are not misleading and solve the common consumer’s concerns.


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    Avoid Animal Tested Products

    Animal testing has been the ugly side of the beauty industry. Most harmful chemicals and ingredients were usually tested on animals before sold to consumers. Although the clean beauty movement has bought a huge change within the beauty industry as well as consumers buying behavior. Today we see emerging brands that are ‘vegan-certified’ and ‘cruelty-free’. This is the kind of change we’ve all been waiting for!

    FAQ’s

    What is organic beauty?

    If you’re buying certified organic generally your products (food or the ingredients in your organic makeup, for example) come from a farming system that uses no manufactured herbicides or artificial fertilizers. No artificial or synthetic colors, preservatives, or chemicals (including parabens and sulphates.

    Is organic skincare really better?

    Many people believe passionately that natural, organic ingredients are better for the skin but the truth is this belief has no factual basis or scientific legitimacy. The surprising fact is that there are lots of natural, organic ingredients that are bad for the skin.

    Does organic mean natural?

    Organic foods are grown without artificial pesticides, fertilizers, or herbicides. Organic meat, eggs, and dairy products are obtained from animals that are fed natural feed and not given hormones or antibiotics. Natural foods are free of synthetic or artificial ingredients or additives.

    How long does organic cream start working?

    The changes in your skin will typically start showing between three weeks to two-month usage.

    What is the difference between organic and natural products?

    Organic foods are grown without artificial pesticides, fertilizers, or herbicides. Organic meat, eggs, and dairy products are obtained from animals that are fed natural feed and not given hormones or antibiotics. Natural foods are free of synthetic or artificial ingredients or additives.

    Conclusion

    Organic skin care is generally defined as skin care products which contain organically grown ingredients that are free from pesticides. Organic products are deemed to be more beneficial for the skin, as it is presumed there are little to no harsh chemical ingredients, and they are marketed thus. Switch over to organic products as they not only beneficial to your skin and health but also to the environment and animals that are tested on.

  • An Overview Of The Online Pharmacy Industry In India

    With the lockdowns restrictions brought over by the Covid Pandemic, most economic activities were paused, millions lost their job and many industries faced difficulties. But there were also some industries like Online gaming, Online grocery, Fintech, Telemedicine, Ed tech, online media that were boosted due to the pandemic. Another such industry that increased two fold is the e-pharmacy or online pharmacy industry.

    The e-pharmacy sector in India has grown because of the increased accessibility during a pandemic and many upcoming players like NetMeds, 1MG, EasyMedico and MedLife, Apollo Pharmacy. In 2019, the global e-pharmacy market is estimated to be more than $69.7 billion and is expected to grow 17% to more than $244 billion in 2027.

    Which is why 2021 is the year for the industry, as the e-pharmacy market in India is estimated to be over $512 million in 2018 and is estimated to grow at a CAGR of 63% to reach $3,657 million by 2022. The sector is also attracting many investors as over 70% users are willing to use e-pharmacy post the pandemic, according to RedSeer survey.

    In 2020, Covid 19 has pushed many consumers towards buying their medicines online. A report also shows that over 60 to 70% of the medicines that are ordered through e-pharma platforms are from chronic patients as it more affordable and accessible for them. The growth of e-pharmacy in India is evident due to the positive experience coupled with stronger adoption among low-income households.

    The E-pharmacy Industry in India
    Reasons behind the growth of the E-pharmacy Industry in India
    Benefits of E-pharmacy in India
    Challenges of the E-pharmacy Industry
    Top 6 e-pharmacy apps/websites in India
    Frequently Asked Questions


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    The E-pharmacy Industry in India

    Nowadays, many online industries are growing as people in the country are adapting to e-commerce rapidly with mobile first consumer behavior and improved digital payments infrastructure. In developed countries of North America and Europe, e-pharmacy is a flourishing market and is also structured, where the medicines are prescribed by doctors and tracked through barcoding to ensure systematic supply.

    In India however, we have over eight lakh pharmacies, with pharmacies available every few kilometers.  The e-pharmacies and healthcare companies have only recently grown in India because of Covid 19, improved Internet reach and smartphone penetration. The Indian e-pharmacy industry is some of well-known names in the market are Netmeds, EasyMedico and MedLife.

    The growth of e-pharmacy in India

    They are many startups that have also come up in the industry such as 1mg, Practo and Myra, even big retail stores like Apollo pharmacy have introduced their e-pharmacy segment.

    In Indian pharmaceutical market is the third largest in terms of volume and 13th largest in terms of value. According to EY, the online pharmacy market in India is estimated to reach $2.7 billion by 2023 from $360 million which it is currently at.

    In India, the retail pharma market is divided into 3 broad segments which are generic drugs, over the counter (OTC) drugs and patented products. Some of the country’s largest conglomerates and multinational e-commerce companies are looking to invest and get a foothold in this sector. For example Amazon has recently invested over $100 million in the largest Indian pharmacy chain Apollo Pharmacy.

    In 2020, Reliance Retail invested Rs 620 crore to get a majority stake in Netmeds which is a chennai based startup. Tata group also acquired a a major stake in 1mg, while LGT Group and CDPQ the Canandian pension fund acquired Medlife in 2020. Even Pharmeasy is backed by the Singapore Temasek Holdings along with TPG a private equity firm from US.


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    Reasons behind the growth of the E-pharmacy Industry in India

    Internet reach and smartphone penetration

    In 2021, India has a wider internet reach because of the affordable prices of the smartphones and deployment of 4G provided by telecom providers like Reliance Jio. According to a report the number of internet users in India is said to reach 600 million by 2025. The government has also launched Digital India Program which is helping in improving broadband connectivity across the country.

    Government initiatives

    The Digital India Program was started by the government to digitally connect every corner of India including the rural areas and remote villages with high speed internet. The aim of this campaign was to empower citizens to gain knowledge and use the government services easily and to make people interact with the government.

    Along with that, the Jan Aushadhi Program is introduced in order to ensure that the general population has access to quality and affordable medicines.

    Top pharma companies in India

    The increased preference towards online shopping

    In the times of global pandemic, online shopping has gained a lot of popularity. This is because it is more convenient to get products delivered at home, while abiding the lockdown restrictions. Online shopping for essentials and medicines is growing at a fast pace.

    Growing awareness about fake drugs

    E-pharmacy has more stringent tracking mechanism when it comes to eliminating middlemen and the risk of counterfeit and sub-standard drugs.

    The change in the disease patterns in India

    In the last 25 years, the focus has shifted from communicable to non-communicable diseases. The disease pattern has shifted towards chronic diseases which has also lead to the increase in the demand for daily medicines. E-pharmacies provide medicines to the chronic disease patients at a lower cost than compared to retail pharmacies.

    Better healthcare financial services

    There has been a steady growth in the Indian financial industry, there are now better options for health insurance policy, life insurance policy, family and retirement plans, cashless claims and ease of accessing them online. These services have increased the healthcare spending which, in turn, has benefitted the online pharmaceutical industry.

    The increase in domestic demand

    There is an increase in the domestic demand because of growth of in capita income, changes in lifestyle due to urbanization and rise in literacy levels. Which is why the demand for advanced medical treatment is expected to increase along with the demand for pharmaceutical products.


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    Benefits of E-pharmacy in India

    Convenience for consumers

    E-pharmacy is more convenient than compared to retail pharmacy stores especially in the time of a global pandemic as the people can order their medicines from the comfort of their homes through any gadget that supports internet. This is also helpful for the elderly and patients that may not be in a condition to go find a pharmacy store.

    Increased accessibility

    Some medicines are hard to find in retail pharmacy stores, which is why e-pharmacy makes it more accessible to find those medicines. Retail Pharmacy only have limited stock and are expensive making it difficult for the people from the rural areas to buy medicines. E-pharmacies make it more accessible for the rural population to buy medicines.

    Benefits of E-pharmacy
    Benefits of E-pharmacy

    Lower cost

    The biggest advantage of e-pharmacy is that it provides medicines at a lower cost because it has small working capital, less overhead costs, increasing margins.

    E-pharmacy provides improved information

    E-pharmacies usually provide value added information to consumers such as the side effects, medicine reminders, information on cheaper substitutes. It also links it to medical resources like universities, government agencies and other health association.

    Authentic medicines

    All medicine purchases through e-pharmacy platforms are stored digitally, making it easy to track the supply chain. This reduces the risk of fake medicines, drug abuse, and even self-medication.


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    Challenges of the E-pharmacy Industry

    The e-pharmacy market in the country is unregulated, this is because of the absence of a clear regulatory framework from India’s policymakers. The industry must be regulated because it involves the health of people.

    The investors who invest in the e-pharmacy companies are also concerned about the lack of regulations in the sector. This is why a set of regulations for e-pharmacy must be implemented at the earliest.

    Lack of technical Infrastructure

    The key factor behind the success of any industry is a strong technical infrastructure. Even though smartphone and internet penetration rates are increasing, the rural population still don’t know about e-pharmacy and how to use it.

    No awareness in the rural areas

    There is huge gap between the rural population and online services like e-pharmacy. This is because people in the rural areas and remote villages lack internet connectivity and still don’t have gadgets that can access internet leading to poor connectivity.

    E-pharmacies is unfavorable in the times of emergency

    The one disadvantage of e-pharmacy is that when medicines are needed in emergency retail pharmacies, as e-pharmacies take more time from ordering to the delivery of the medicines. Hence why e-pharmacies are more suited for pre-planned purchases only.


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    Top 6 e-pharmacy apps/websites in India

    Netmeds

    Netmeds is currently one of the biggest players in the e-pharmacy industry. It provides a huge variety of medicines, healthcare products and drugs. It is one of the most popular Indian website to buy medicines online.

    The company was founded in 2015 and now has a pan India presence, offering prescription, over the counter drugs and wellness products. The customers can set up their subscription for the medicines to be delivered every month and buy healthcare products such as skincare, family care, and baby care among others.

    Practo

    Practo is one of the most reliable online medical stores. It also has a huge catalog of medicines and healthcare products. The app offers its services to more than 100 cities and also connects millions of patients with thousands of healthcare providers around the world.

    The company was founded in 2009 and has over 1,00,000 listed doctors from 310 towns and cities. The app also offers its customers to have an automated prescription refill option, allows them to check their medicine order and reorder what they want.

    Top e-pharmacy websites in India
    Top e-pharmacy websites in India

    1mg

    1mg is the country’s leading digital consumer healthcare platform. This app offers its delivery services to more than 1000 cities across the country. Its customers can order medicines and health products through the website and get it delivered at home from licensed pharmacies.

    It also provides accurate and trustworthy information on medicines. The best part about the app is that the customers can enter the names of the medicines needed and get cheaper alternatives with the same compound. The app also offers health tips according to the medicines you order.

    PharmEasy

    PharmEasy is a well-known health tech startup that offers services such as online doctor consultation, medicine deliveries and diagnostic test sample collection. PharmaEasy offers more than 1 lakh products and even delivers it within 24 to 48 hours across 1.2k plus cities all across India. The app allows schedules reminders monthly and even cash on delivery services.

    Apollo Pharmacy

    Apollo Pharmacy offers more than 5000 products in various categories online and is also accredited an international quality certification. Apollo pharmacy over 3500 plus offline pharmacy outlets across the country.

    The advantage of ordering medicines from Apollo is that the customers can order it 24/7 and get the medicines delivered on time and at their doorstep.

    Medlife

    Medlife is another popular online pharmacy in India that was founded in 2014. Medlife is easier for ordering medicines as the customers can just upload their prescription, confirm it on call and get the medicines delivered at their doorstep. If the customer does not have a prescription, they can also consult a Medlife doctor.


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    Frequently Asked Questions

    What are the top 6 e-pharmacy companies in India?

    Netmeds, Medlife, Apollo Pharmacy, PharmEasy, and Practo are the top 6 e-pharmacy companies in India.

    What are the challenges faced by the E-pharmacy Industry in India?

    E-pharmacies is unfavorable in the times of emergency, No awareness in the rural areas, Lack of technical Infrastructure and Legal challenges are some of the challenges faced by the E-pharmacy Industry in India.

    What are the benefits of E-pharmacy in India?

    Convenience for consumers, Increased accessibility, Lower cost, Improved information e-pharmacy and Authentic medicines are the benefits of E-pharmacy in India.

    What are the reasons behind the growth of the E-pharmacy Industry in India?

    Internet reach and smartphone penetration, Government initiatives, The increased preference towards online shopping, Growing awareness about fake drugs, The change in the disease patterns in India, Better healthcare financial services and are the reasons behind the growth of the E-pharmacy Industry in India.

    How big is the e-pharmacy industry in India?

    In 2021, the e-pharmacy market in India is estimated to be over $512 million in 2018 and is estimated to grow at a CAGR of 63% to reach $3,657 million by 2022.

    Conclusion

    With the current situation of the global pandemic and the changing seasons, online pharmacies are the best option to buy your medicines. As the people will not have break the lockdown restrictions and go out to buy medicines from the local medical store.

    Online pharmacies are more convenient as the medicines are delivered safely and at the comfort of your home. E-pharmacy is cheaper than compared to the retail pharmacies and it’s also offers discounts and cashback. The industry is said to increase two-fold in coming years and become one of the biggest industries.

  • 13 Psychological Traits Of Successful Entrepreneurs

    Mental Approach Towards Becoming A Successful Entrepreneur
    Instead of seeking, start creating for a better future
    List of 13 Psychological Traits For An Entrepreneur
    FAQ’s
    Conclusion

    Mental Approach Towards Becoming A Successful Entrepreneur

    Young minds are full of energy and adventures and it’s said that the youngsters are the mirror of economic growth. According to a survey, around 1 billion aspirants seek employment opportunities every year and only one-third of the aspirants get their desired job. This brings us to concentrate on the hot-button topic of the unemployment issue that’s spread across the globe. Unemployment is not just a problem for the developing countries but also a huge pain in the neck for economically powerful nations. Ensuring a regular flow of employment opportunities for citizens is a challenge. While different agencies and governments collaborate to solve this issue, embracing the psychology of a successful entrepreneur can help to a great extent.

    Instead of seeking, start creating for a better future

    Around 90% of the graduates after finishing their college degrees start searching for job opportunities in big enterprises; they end up standing in a queue that already has a long waiting list. A change in mindset is needed if we want to create more job opportunities as there is no possible way for already running organizations to accommodate every aspirant. It’s time to take control of the situation and start building successful startups backed by strong, psychological entrepreneurial traits.

    It is not a difficult task to become your boss. With the right mindset and focus, nothing is impossible to achieve. Have the right mental approach and you can nail anything.

    “When one door of happiness closes, another opens, but often we look so long at the closed door that we do not see the one that has been opened for us.”
    Helen Keller

    The mindset of a successful entrepreneur has the following 13 psychological traits.

    List of 13 Psychological Traits For An Entrepreneur

    Successful Entrepreneurs Mindset

    1. Dream Big in Small Input

    This is the most important quality for becoming a successful entrepreneur. People should always dream and use their energy to turn them into reality. If you dream to be Bill Gates, you can become Bill Gates. It’s doesn’t matter what resources you have, just dream big and gather your resources accordingly. Your psychological thoughts and behavior transform your entrepreneurial journey.

    2. Delegate the Work to Others

    It’s not important to do everything on your own and having someone with you to share your workload and dreams is good. Delegation of tasks gives mental relaxation which in turn doubles your output. Distributing and sharing the workload with others helps to achieve your goal and it brings self-confidence within the team. This trait is considered essential for becoming a great entrepreneur. Don’t micromanage!

    3. Set High Standard Goals and Deliver

    Always set goals higher than your expectations and put all your energy into it to achieve it. If you get an order to complete a task under a short timeline, don’t panic, but accept the order. Pushing your limits gives you an idea about your limits and your ability to work. One who can perform under pressure is the true professional.  Entrepreneurs cannot refrain from working under pressure and often need to push beyond their limits to become successful.

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    4. Take a Practical Approach

    Never underestimate your business. Be practical because you have bills to pay and mouths to feed. So always be ready with a plan B. Build alternate sources of income that can sustain you until the business takes off. Use your different talents because you never know which one would open the success window in your life. Steve jobs worked with numerous companies before finding the kick in Apple. So keep on moving until and unless you obtain the correct roadmap for your entrepreneurship journey.

    5. Map it out

    Before making any big investment, map out the project’s blueprint and cover every possible point within the strategy. All aspects of the startup plan should be discussed prior and the pro and cons of the venture ought to be laid down clearly.

    6. Treat and Raise your Business like a Child

    When your child is growing, you love and nourish them to the fullest. But once they enter into adulthood, you set them free to explore the world. Treat your business in the same way. Put everything in your business when it’s growing but when the time to sell it to someone else is right, don’t think twice. Don’t stick to it because you love it, and remember there is no place for sentiments in the world of entrepreneurship.

    “Your ability to attract, evaluate, and forge strong working relationships with co-founders, early employees, and investors often mean the difference between failure and success.”
    Clara Shih, Co-founder of Hearsay Systems

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    7. Fear Equals Downfall

    Never let your fears impact your life decisions. Rule your fears and bend them according to your will. The person who lets fear take over his life will never be able to survive in this world of opportunities since every opportunity is attached to the fear of risk. Empower and overcome fear to become an entrepreneur.

    8. Gratitude is your Attitude

    It’s doesn’t matter how successful your venture is or how much money you made this year. A successful person should always stay humble and grounded. A person’s attitude should be full of gratitude, and one should never forget his roots since success is temporary and behavior is permanent. Always remember who you are and where you came from. Gratitude should be your attitude and is an important component of your entrepreneurial skillset.

    “Don’t get distracted. Never tell yourself that you need to be the biggest brand in the whole world. Start by working on what you need at the present moment and then what you need to do tomorrow. So, set yourself manageable targets.”
    Jas Bagniewski, Co-Founder of Eve Sleep

    9. Get Investors

    The number one rule of the business is never use your own money. Always find investors who are willing to work with you and churn profits out of their investment, for you as well as them.

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    10. Never Lose Composure

    There comes a time when you can’t help but lose your temper completely. Though it’s normal, you need to minimize such occurrences. Keep calm! Business and anger are like nitrogen and hydrogen, never mix them.

    11. Have Fun

    Enjoy your work and don’t treat it as a burden. If you start to think of it as a burden and drudge to work, then one day it will become difficult for you to continue.

    12. Fall Every Day

    Don’t be afraid to fall. If you do, wake up with renewed energy the next day and be ready to fall again. In the end, failures will succumb to you.

    “A person who never made a mistake never tried anything new.”
    — Albert Einstein

    13. Stay Creative

    An entrepreneur is no less than an artist and always stays inspired. You should nurture and improve creativity through different methods like drawing, music, reading, walking, etc.

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    FAQ’s

    What are the mindset and characteristics of an entrepreneur?

    The entrepreneurial mindset is unique in that one must be creative, communicative, and highly motivated to succeed, yet open to risk and failure. Oftentimes the success or failure of a business comes down to the characteristics of the entrepreneur.

    How to Develop an Entrepreneurial Mindset?

    1. Set clear goals.
    2. Practice being decisive.
    3. Redefine failure.
    4. Face your fears.
    5. Remain curious.

    Why is an entrepreneurial mindset important?

    Having an entrepreneurial mindset helps you to quickly identify problems and provide a timely solution. You’re not one to sit around and wait, you have a strong intuition, and if want something you’ll go get it. Having this mindset means you know the importance of keeping moving forward even when difficult.

    What is entrepreneur-thinking?

    Entrepreneurial thinking is the ability to see things differently than the rest of the world but, it is not necessarily an inherent trait and can be easily developed or improved. It is more like a state of mind that opens your eyes to new learning opportunities and helps you grow in your role.

    Why is mindset so important?

    Your mindset plays a critical role in how you cope with life’s challenges. In school, a growth mindset can contribute to greater achievement and increased effort. When facing a problem such as trying to find a new job, people with growth mindsets show greater resilience.

    What is critical thinking in entrepreneurship?

    Critical thinking is closely related to problem-solving, but it goes beyond that. As critical thinkers, entrepreneurs don’t merely solve problems. They solve problems in the best way. Critical thinkers formulate several potential solutions to a problem and consider them all before deciding on the best one.

    Conclusion

    The journey of a successful entrepreneur’s mindset has different stops. Some of these stops have been explained in this post so that the young generation can think differently. The new generation needs to think outside the box to achieve its dreams. The need is to map out the future in advance to excel. Inspiring entrepreneurs need to incorporate the above-mentioned traits in their way of functioning.

  • Online Alcohol Delivery in India: Did Zomato and Swiggy get the approval to Deliver Alcohol?

    With the coronavirus crisis drying up the state coffers, the opening of the Alcohol shops was the only way to make quick and easy money for the government. The national capital usually makes Rs 3,500 crore per month from liquor sales, but due to the lock-down, Karnataka made a record in a day of Rs 197 crore. Hence, the online-delivery of alcohol in India was looked at as an opportunity to boost the economy.

    Alcohol consumption in India reached 6.5 billion liters in 2020. The steady increase in consuming these beverages can be attributed to multiple factors including the rising levels of disposable income and a growing urban population among others. This was seen as an opportunity by food delivery startups-Zomato and Swiggy for making alcohol available for home delivery.

    long queues outside wine shops after 40 days of nationwide lock-down

    No wonder when India witnessed liquor sales worth crores of rupees on the first day of the shops reopening since the nationwide lock-down came into force on 25 March, it also saw social distancing rules being flouted with people lining up till kilometers outside the shops.


    “By enabling home delivery of alcohol in a safe and responsible manner, we can generate additional business for retail outlets while solving the problem of overcrowding,”

    Anuj Rathi, vice-president – products at Swiggy, said in a statement. Credits to the huge demand for alcohol in India the government approved of the idea and on the 4th of June, Swiggy launched home delivery of Alcohol in West Bengal, soon after in Jharkhand and Orissa.

    Now, to piece together the back-story of e-delivery of liquor and wine in India, there is some question that needs to be answered, such as, is this online delivery of alcohol legal and how is it managed. Well, we have answers to all your question.

    Who Regulates the Liquor Business in India?
    States that allowed Home Delivery of Alcohol in India
    Reasons for the approval for E-Delivery of Liquor
    Managing E-Delivery of Alcohol
    Pricing of Alcohol
    Swiggy and Zomato work with the Retailers

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    Who Regulates the Liquor Business in India?

    As huge demand for alcohol in covid lockdown, and social restrictions, online wine shopping in india became need of the time.

    But, First of all, The question is How and by Whom is the Liquor Business in India Regulated?

    India’s alcohol drinks market was worth almost $27.2 billion in 2018, according to the most recent figures from the London-based research group IWSR Drinks Market Analysis.

    Liquor is a matter of the state and its business is firmly regulated by the Excise department of each state and the government regulates the supply of liquor in a state. In some states, retail sales are done by government-owned shops and for other states, the government is just a bulk supplier and the retail is managed by licensed private bodies. For some states, alcohol sales are divided between their own and private outlets.

    consumption (in billion liters) of alcohol in India during years 2016-2020

    States that allowed Home Delivery of Alcohol in India

    Thanks to the massive demand for alcohol in India even during a global pandemic, several states have allowed the online delivery of alcohol just to push the people back inside their houses. Zomato and Swiggy have already launched e-delivery of alcohol in Jharkhand and Orissa and are going to deliver in West Bengal shortly, whereas Delhi is on their radar too.


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    Reasons for the approval for E-Delivery of Liquor

    What was the reason behind the approval for E-Delivery of Liquor during a Global Pandemic?

    There are several legal formalities to be looked at by the state government for the online delivery of alcohol. But the states swung into action when on the 8th of May the Supreme court observed that the states should find ways for online delivery of alcohol because of concerns over social distancing due to COVID-19.

    The state government suggested multiple reasons for the approval of online delivery of liquor, for example, the Orissa government expressed its concerns over the long queues outside the liquor shops also informing that there was a great demand for it among the people.

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    Managing E-Delivery of Alcohol

    How will these Companies manage the E-Delivery of Alcohol?

    To ensure the safe delivery of alcohol with the compliance of all the laws, Swiggy has come up with measures such as age verification and user authentication before accepting the orders. Customers can provide the required data followed by their selfie which the platform will use for verification using an AI-powered system. The delivery persons will have to carry an identity card with them for validation and their details must be submitted with the state government and the customer’s age verification is a must at the time of the delivery.

    All orders will carry a unique OTP which would be required to provide by the customer at the time of delivery. There will also be curbs on the order quantity to ensure that customers are not bulk-purchasing.

    online alcohol delivery in India

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    Pricing of Alcohol

    How are these Platforms going to Price the Alcohol?

    To prevent overcharging, the Orissa government is maintaining a list of retailers with the maximum price f different brands of alcohol. The delivery charges would be fixed at Rs.100 on orders worth Rs.1000 and for amounts beyond that, for every Rs.500 the charges will increase by Rs.25 having a maximum limit of Rs.300 on delivery. This process will be similar for other states as well.

    Swiggy and Zomato work with the Retailers

    How are Swiggy and Zomato going to work with the Retailers In-spite of their Tech Adroitness?

    The biggest challenge in front of these food delivery startups would surely be the different set of rules of different states. All the states in India have different retail rules, different taxes, prices, and different age limits for the consumption of alcohol varying between 18-25 years.

    Where, a month ago, Indians were browsing on the internet as ‘how to make alcohol at home’, the last few weeks have been the fuel of the locked-down economy’s engine has kept everyone in India going.

    “Alcohol is necessary for a man so that he can have a good opinion of himself, undisturbed be the facts.”

    Finley Peter Dunne had once said. The Coronavirus crisis must have been an end for several small businesses, but has also appeared as an opportunity for various other business. E-delivery of liquor is one such massive opportunity that will open new dimensions and will earn enormous revenues.

  • MathWorks – Leveraging Mathematical Computing To Revolutionize Decision Making

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

    MathWorks is an American privately held corporation that specializes in mathematical computing software. Its major products include MATLAB and Simulink, which support data analysis and simulation. Engineers and scientists worldwide rely on MathWorks’ products to accelerate the pace of discovery, innovation, and development.

    This article will give you a gist of MathWorks journey so far. Know more about the company profile of MathWorks, growth, challenges faced by the company and many other interesting things about MathWorks journey by reading this article.

    MathWorks – Company Highlights

    Startup Name The MathWorks, Inc.
    Headquarters Natick, Massachusetts, USA
    Industry Mathematical computing software
    Founded 1984
    Founders Jack Little and Cleve Moler
    Area Served Worldwide
    Website www.mathworks.com

    MathWorks – About & How It Works ?
    MathWorks – Recent News
    MathWorks – Logo & Its Meaning
    MathWorks – Founder and History
    MathWorks – Mission
    MathWorks – Products
    MathWorks – Business Model
    MathWorks – Revenue and Growth
    MathWorks – Acquisitions
    MathWorks – Competitors
    MathWorks – Challenges Faced
    MathWorks – Future Plans
    MathWorks – FAQs
    MathWorks – Conclusion

    MathWorks – About & How It Works ?

    The MathWorks Inc. provides technical computing software used for data analysis, visualization, and mathematical computations. Its MATLAB, Simulink, and Polyspace products are used in such industries as aerospace, automotive, communications, electronics, financial services, and industrial automation.

    Applications for MathWorks’ products have included hybrid electric vehicle design, race car performance improvements, paper currency verification, and the development of algorithms for DNA sequencing instruments used in mapping the human genome.

    MathWorks products are also used for teaching and research at more than 5,000 universities. MathWorks counts more than a million users of MATLAB worldwide and MATLAB-based books are in 28 languages. The company has released software tools for developing products for 5G wireless networks and the Internet of Things.

    MathWorks – Recent News

    As of November 2020, MathWorks announced a new backtesting framework in Financial Toolbox, available in Release 2020b of the MATLAB and Simulink product families. The new backtesting framework allows investment managers, risk managers, and traders to extend their use of the toolbox for risk, investment, and portfolio management.

    “The ability to backtest portfolios can save time and reduce errors that can be introduced by rebuilding tests for each asset class and investment strategy,” said Stuart Kozola, manager – quantitative finance products, MathWorks.

    Financial Toolbox enables investment managers, risk managers, and traders to continue working in the familiar, fully transparent, and customizable MATLAB environment to evaluate investment strategies across all asset classes and sources of data, including alternative datasets.

    MathWorks – Logo & Its Meaning

    MathWorks Logo

    The MathWorks logo is an Eigenfunction of the Wave Equation. The L-shaped region formed from three unit squares is interesting for several reasons. It is one of the simplest geometries for which solutions to the wave equation cannot be expressed analytically, so numerical computation is necessary. The 270º nonconvex corner causes a singularity in the solution.

    MathWorks – Founder and History

    Jack Little, Cleve Moler | Co-Founders, MathWorks

    MathWorks was founded in 1984 by Jack Little and Cleve Moler, who recognized the need among engineers and scientists for more powerful and productive computation environments beyond those provided by languages such as Fortran and C.

    Jack Little is the CEO and President of MathWorks. MathWorks employs over 4500 people, with 30% located outside the United States. MathWorks is based in Natick, Massachusetts and had other US offices in Michigan and California. Overseas, the company has offices in the UK, France, China, Singapore, India, Ireland, and other countries. It reports that 60% of sales are from international customers.

    They combined their expertise in mathematics, engineering, and computer science to develop MATLAB. Its a high-performance technical computing environment. MATLAB combines comprehensive math and graphics functions with a powerful high-level language. Besides MATLAB, MathWorks now develops and markets Simulink, a product for simulating nonlinear dynamic systems.

    MathWorks – Mission

    MathWorks’ mission statement says, “Our goal is to change the world by accelerating the pace of discovery, innovation, development, and learning in engineering and science.”


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    MathWorks – Products

    MATLAB, the language of engineers and scientists, is a programming environment for algorithm development, data analysis, visualization, and numeric computation.

    Simulink is a block diagram environment for simulation and Model-Based Design of multidomain and embedded engineering systems. The company produces nearly 100 additional products for specialized tasks such as data analysis and image processing.

    MathWorks – Business Model

    MathWorks strive to be the leading developer and supplier of technical computing software. The company’s business activities are characterized by quality, innovation, and timeliness; competitive awareness; ethical business practices; and outstanding service to our customers.

    MathWorks serves a wide range of industries, including Aerospace and Defense, Automotive, Communications, Electronics and Semiconductors, Energy Production, Financial Services, Industrial Automation, Machinery, Medical Devices, and Metals.

    MathWorks’ major customers have included such heavy hitters as General Dynamics, Harris Corporation, Honeywell, General Motors, Jaguar, Hyundai, Genentech, Max Planck Institute, Motorola, Nokia, Intel, Bank of America, Capgemini, Xerox, the University of Cambridge, and the University of Melbourne.

    MathWorks – Revenue and Growth

    MathWorks reports revenue of $900 million and says its has been profitable every year since its founding in 1984. MathWorks has maintained robust growth, adding a second campus to its Natick, Massachusetts headquarters in 2018 and that it planned to hire about 2,000 workers in Natick over five years.

    The company has expanded its products to cover technologies such as artificial intelligence (including machine learning), 5G networks, and the Internet of Things.


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    MathWorks – Acquisitions

    Acquiree Name Date Amount About Acquiree
    PolySpace Technologies Apr 25, 2007 PolySpace Technologies is a provider of embedded software tools for the automatic detection of run-time errors at compile time.

    MathWorks – Competitors

    MathWorks’ top competitors include H2O.ai, Maplesoft, C3.ai, Atlassian, Unity Technologies, KMS Technology, Pivotal and Wolfram Research.

    MathWorks – Challenges Faced

    A significant challenge for MathWorks has been helping customers get data from source into the hands of end users, which is a common barrier for engineers who need data to formulate requirements for new products, troubleshoot field problems, and come up with new technologies.

    “Connectivity technologies such as CAN and high-speed mobile communication removed this barrier in many situations. With more and more streaming data, we are faced with a data science challenge. We need to ensure that the speed of data analysis is keeping pace with data intake and, equally important, provide the capability to zoom into and extract insight from stored data throughout the engineering community.”

    MathWorks – Future Plans

    MATLAB has come a long way since the simple calculator that started it all. It is a living ecosystem supporting all aspects of technical computing. The company plans to continue to strengthen existing features as they carefully add new ones.

    Our goals are always ease of use, power, and speed.

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    MathWorks – FAQs

    What is MATLAB?

    MATLAB, the language of engineers and scientists, is a programming environment for algorithm development, data analysis, visualization, and numeric computation.

    What does MathWorks do?

    The MathWorks Inc. provides technical computing software used for data analysis, visualization, and mathematical computations.

    What companies do MathWorks compete with?

    MathWorks’ top competitors include H2O.ai, Maplesoft, C3.ai, Atlassian, Unity Technologies, KMS Technology, Pivotal and Wolfram Research.

    Who founded MathWorks?

    MathWorks was founded in 1984 by Jack Little and Cleve Moler.

    Does MathWorks own MATLAB ?

    Yes, MATLAB is a product of MathWorks.

    MathWorks – Conclusion

    MathWorks company has firm believe in the importance of engineers and scientists. The company develops software tools that increase human knowledge and profoundly improve our standard of living. MathWorks is proud to have created MATLAB and Simulink to help engineers and scientists do their best work. Their purpose is to change the world by accelerating the pace of discovery, innovation, development, and learning in engineering and science. The companies guiding principle is “do the right thing”, which means doing what is best for its staff members, customers, business partners and communities for the long term, and believing that “right” answers exist.