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  • GNEISS – Forex Trading Technology Solution Providers

    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 GNEISS.

    Global Network Encryption Investment Security Services (GNEISS) is one of the most Trustable Forex Trading Technology Solution Providers. GNEISS is the First Decentralized P2P free marketplace built on top of the Bitcoin and Ethereum Blockchains. It aims to be the most advanced Fintech security service while providing the public alternatives to existing government registration and banking services.

    Founded by Michael Morton and Hunter Enoch in 2016, Global Network Encryption Investment Security Services (GNEISS) will provide a trustless Peer to Peer system where everyone has equal access to all free-market and government registry functions – Only requirement is an internet connection.

    GNEISS – Company Highlights

    Organization Name Global Network Encryption Investment Security Service Inc (GNEISS)
    Founder Michael Morton (CEO), Hunter Enoch
    Founding Year 2016
    Headquarter Tortola, British Virgin Islands
    Sector Fintech
    Awards Accepted in Venture Summit, West 2019 (Only 3 blockchain companies could present)
    Clients 1,180+ users and growing
    Website gneiss.io

    StartupTalky interviewed Michael Morton (founder & CEO of GNEISS) to know the Journey of GNEISS by shedding some light on GNEISS vision, work culture, growth, business model, Forex trading technology services, USP & more….

    1. Inception and Journey of GNEISS
    2. Integration of 2 biggest block chains: Bitcoin and Ethereum
    3. GNEISS – Forex trading technology services and Customers Reponse
    4. Work culture at Global Network Encryption Investment Security Services
    5. Mission of GNEISS
    6. GNEISS USP from other Forex Trading Technology Solution providers
    7. GNEISS Management Details
    8. Future Plans of GNEISS and Milestones it seeks to achieve
    9. Features of GNEISS

    1. Tell us about the inception of GNEISS & How has the journey been for the company so far?

    GNEISS was founded by Michael Morton and Hunter Enoch in December 2016 after over 1.5+ years of designing and coding. Since it’s initial Alpha launch, GNEISS has already launched it’s Beta and finished the stage 1 of the project by the end of 2020. To get to finish stage 1 with no big investors was no easy chore but with the help of One Brick Tech and several other companies we made the impossible possible.

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    2. How do you integrate the 2 biggest block chains: Bitcoin and Ethereum? How did it help you to provide best-in-class Forex trading technology services?

    GNEISS integrates the two biggest blockchains: Bitcoin and Ethereum. Bitcoin is the crypto-gold standard for trading, while Ethereum powers and logs every crypto-asset and smart contract function on the GNEISS network. Using the biggest and most technologically advanced blockchains gives us a huge edge over other Forex FinTech companies running their own private blockchains or even running everything with no blockchain at all with a centralized server.

    Global Network Encryption Investment Security Services
    GNEISS Logo

    3. Shed some light on your Forex trading technology services? What kind of responses have you received from customers over the years

    GNEISS started out with giving people the power to easily create their own ERC-20 token for trading but that was just the Alpha. Since then we have incorporated the most advanced smart contracts in the industry designed to work with a ERC-20 token to allow users to mint/burn coins, add transaction taxes, add interest rates, and even securitize that ERC-20 token asset with other crypto.

    Using the secure feature where a user could store BTC, ETH, or any other ERC-20 token gives users the ease of mind knowing that the value is there regardless and if the collateral’s value ever drops below the agreed contract support level then the collateral is instantly liquidated and sent proportionally to those who owned the now liquidated coin. Having secured contracts also makes GNEISS the first “Trustless Economy” which economists have been trying to accomplish for decades by decentralizing banking power to the people rather than just a few thousand banks.

    Customers who have tried our platform all say that it’s pretty cool. Some wonder how they will use the new found technology but everybody who has seen it or tried it thinks it could be the next big thing. So far we have 265+ accounts which is growing each day. We hope and aim to be the leader in this blockchain FinTech industry by creating a whole new type of economy which will open the door to never before seen business models

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    4. What is the work culture at Global Network Encryption Investment Security Services? How do you create a sense of belongingness?

    The work culture from day one has been the typical future billion dollar startup founded out of a home garage only we didn’t have a garage. Most meetings are over the phone or through certain text platforms like Slack or Discord.

    The times which we have face to face meetings are usually at some restaurant or bar. By not having an office we save a bunch of money that we can reinvest elsewhere to build up the product. Once we are trading over a $1 million dollars a week we’ll look at getting a decent sized office in the British Virgin Islands and Charlotte, North Carolina. Everybody in the company has a great sense of belonging since they know their helping change the world for the better. While supporting American values of freedom, free markets, and fair business.

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    5. What is the Mission of GNEISS?

    The mission of GNEISS is to decentralize banking completely by letting everyone have their own banking ledger and using GNEISS as their preferred decentralized P2P free market platform.

    6. What differentiates GNEISS from other Forex Trading Technology Solution providers in the industry?

    By installing and running a GNEISS node any user can run the app outside of their web browser securely through blockchain tech and have it act as a 21st century military encrypted Bloomberg terminal. Thus making GNEISS easily the most secure platform on the market right now since most don’t even use blockchain tech.

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    7. Shed some light on GNEISS Management Details

    GNEISS is decentralized by 300 Spartan nodes that run the platform along with all the other nodes that double check and verify the GNEISS blockchain. Spartan nodes are chosen from those running basic nodes by having a high enough credit score, Tier 2 verification, and random chance in GNEISS’s Proof of Trust blockchain model. To upgrade the system ⅔’s of the Spartan Nodes need to vote in favor.

    8. What does the future hold for GNEISS? What are the Milestones that you seek to achieve in the years to come?

    The future of GNEISS after we finish stage 1 completely, will be to then add a networking tab inside the GNEISS app that will look similar to Slack and Discord but be using highly secured and encrypted blockchain to achieve total personal privacy.

    By Q2, 2020 GNEISS will incorporate loans and make our credit scoring system public so merchants have another accurate credit report to go by. Lastly by end of 2021 we should have our first gold/silver/crypto ATMs built with a couple distributed in select areas. These plans only run through the end of 2021 too.

    Within 10 years, GNEISS aims to become a fully decentralized free market place with all the functions one could find on wall street.

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    9. What GNEISS can do Now?

    GNEISS is the First Decentralized P2P free marketplace built on top of the Bitcoin and Ethereum Blockchains.

    • Creation and trading of ERC20 Tokens that are registered on the platform can be traded with Bitcoin (Free Bitcoin transactions due to Lightning Network).
    • Creation and Registration of ERC20 Tokens on the GNEISS Platform allow users to instantly create markets for their project. The users tokens can be traded with Bitcoin (free transactions through LN) to any other ERC20 token that is registered on the GNEISS platform (900+ trading pairs).
    • GNEISS gives the user the ability to store and trade BTC, ETH or any other ERC20 token on Ethereum’s Blockchain.
    • Users can utilize GNEISS Decentralized Registry to register their Birth Certificate, Car, House, etc. on the blockchain. This allows users to access these legally binding files from anywhere in the world rather than depend on a safety deposit box or fire safe (Untrustworthy 3rd Party)Birth, death, marriage certificates, Register car, house, boat, spaceship or “other” registration to register anything you want.
    • Match your Birth Certificate with Tier 2 GNEISS verification for globally recognized identification.
    • Free Marketplace – opening up free trade to the world by creating a decentralized free marketplace with the most advanced computer and network security on the market.

  • TrueFan – Win Quizzes & Connect with your Favorite Celebrity

    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 TrueFan.

    The celebrity-fan engagement industry in India is on a very nascent stage and the existent Connection between Fans and Celebrities is just unbelievable! With TrueFan platform, the team aims to fulfill the dreams of millions of fans in India and provide them with the most meaningful celebrity engagement experiences with their favorite celebrities.

    Nimish Goelm, Nevaid Aggarwal and Devender Bindalack founded TrueFan, when they realized the lack of personal accessibility by fans to their favorite celebrities. In an urge to bridge this gap, TrueFan was born!

    StartupTalky interviewed Nimish Goelm (Co-founder & CEO, TrueFan) to know the Success Story of TrueFan and also get a glance on TrueFan’s business model, how it started, growth, founders, revenue model, funding & more…

    TrueFan – Company Highlights

    Startup Name TrueFan
    Founders Nimish Goelm (CEO), Nevaid Aggarwal, Devender Bindal
    Founding Year 2020
    Headquarters New Delhi
    Sector Media and Entertainment, Gaming
    Total Funding $4.3 Million (Seed)
    Website truefan.in

    Lets go through the Journey of TrueFan –

    TrueFan – About
    TrueFan – Market/Industry Details
    TrueFan – Founders and Team
    TrueFan – Startup Idea
    TrueFan – Product/Service and USP
    TrueFan – Name and Logo
    TrueFan – Business Model and Revenue Model
    TrueFan – Startup Launch
    TrueFan – Startup Challenges
    TrueFan – Growth
    TrueFan – Funding and Investors
    TrueFan – Competitors
    TrueFan – Future Plans
    TrueFan – FAQs

    TrueFan – About

    TrueFan is a platform that aspires to connect fans to their favorite celebrities in the most personal and meaningful ways.

    It caters to the everyday Indian audience who’ve grown up enacting dialogues from Bollywood movies, copied hairdos of their beloved ‘heroes’ & ‘heroines’ or turned into bathroom-singers with their favorite love songs. TrueFan allows these very ‘true fans’ to interact with their dream stars at a price that does not hit the pocket.

    “What the platform aims is to celebrate the true spirit of Indian Fandom and provide fans access to A list celebrities like never before” Says TrueFan Team

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    TrueFan – Market/Industry Details

    There are around 300 million Indians, who head to the cinemas to watch movies, coupled with a large audience base for tv shows and sports, especially cricket. Taking this into consideration, the market size is as large as it can be. While the country preaches its utmost devotion towards stars, the access to them is either via social media/ through interviews/paparazzi shoots. The celebrity-fan engagement industry in India is on a very nascent stage. With social media, the interaction fans have with celebrities is usually a one-way street and passive where a fan is probably dropping hundreds of comments but all of these mostly go unnoticed.

    While COVID- 19 has posed restrictions, the demand for celebrity fan engagement platforms has increased. Fans want access to their beloved stars and these platforms cater to that need. The coming years will see exponential growth for this industry which is currently very nascent in India. While many other platforms exist, influential celebrity connect platforms try to provide a meaningful and personalized experience to the users

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    TrueFan – Founders and Team

    Nevaid Aggarwal, Devender Bindal and Nimish Goelm (CEO) are the founders of TrueFan

    TrueFan has a 40 member team in total and is growing across the two offices in India.

    TrueFan founder and CEO
    Nimish Goelm – founder & CEO, TrueFan

    TrueFan – Startup Idea

    India is a country that worships celebrities, the connection seems quite distant but in a way is very personal. The TrueFan founders realized that this issue of devotion towards the superstars and the lack of personal accessibility to them needed to be bridged. Here’s when TrueFan came into being.

    With this platform, the team aims to fulfill the dreams of millions of fans in India and provide them with the most meaningful engagement experiences with their favorite celebrities.

    “I have been a fanboy all my life. It was an almost surreal experience of gate-crashing a wedding to meet my idol, Virat Kohli that put me in the shoes of millions of Indian fans out there” Says Nimish Goelm (founder & CEO, TrueFan)

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    TrueFan – Product/Service and USP

    The TrueFan platform is simple and easy to use. All that the user has to do is

    • Answer a series of fun questions around the life of their favorite celebrity/s
    • The winner, or in this case, the ‘TrueFan’, stands a chance to win a personalized video message from his/her favorite star.
    • While all the other fans get assured cashbacks. Thus, the platform operates on an easy win-win module that has something for everyone.
    TrueFan App
    TrueFan Application

    TrueFan USP –

    While there are many existing players in the market, TrueFan platform is completely different from them. It has focused on partnering with only leading celebrities (A listers exclusively). TrueFan’s business is based on gamification and fun. Where it encourages fans to play simple quizzes to win video messages versus making them a one-off transactional purchase.

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    “Our name is our philosophy. It’s simple and easy to understand. TrueFan. Pure, sharp appealing and yet quite broad” adds Nimish Goelm

    TrueFan Logo

    TrueFan – Business Model and Revenue Model

    Users are asked to pay a nominal fee to play quizzes on TrueFan platform. The winner gets a personalized video from the said celebrity, other players receive cashbacks on the basis of their rank in the game.

    “We wanted to price our product in a manner that it can be accessed by a larger mass of the country. The true aspirational value we want to create is for the personalized videos, cashback is just a way to ensure that there is something in the bucket for everyone” Says Nimish, Founder, TrueFan

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    TrueFan – Startup Launch

    Post-closing the first funding round in August 2020, the team launched the TrueFan platform in September 2020. TrueFan announced its exclusive partnership with the biggest names of Bollywood, Kareena Kapoor, Ranveer Singh, Hrithik Roshan and Tiger Shroff. While something like this was never seen before, it felt surreal to a lot of fans at first.

    TrueFan team reached out to users to ensure smooth transaction and to make their experience with the celebrity more meaningful and personalized. This process helped it gain a lot of first hand feedback on the product and provided an eagle view from the consumer’s lens.

    The fact that the product fulfilled deep desire of fans to get an interaction from their favorite celebrity, its amazing to find that some have played more than 100 paid quizzes. And “paid” is the most important word here. Since, TrueFan is a user- centric platform, it used social media and google ads to target the demographic extensively

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    TrueFan – Startup Challenges

    TrueFan started during COVID. Although the pandemic did not pose many challenges, as it is a tech based product. But getting its name recognized in the market and building a unique identity for TrueFan was the challenging bit.

    “Since our value proposition is like none of the existing players in the market, TrueFan is gradually building a user base of its own” adds Nimish

    TrueFan – Milestones and Current Status

    TrueFan is headquartered in New Delhi and operates at two locations, Mumbai and Delhi.

    Two of the biggest milestones in TrueFan’s journey so far have been the funding received and partnerships with some of the biggest household names of Bollywood.

    Founders did a lot of research while giving shape to the product and then pitched it to leading talent and their management teams. TrueFan team was happy to have received a great response from them and that has led to successful partnerships

    TrueFan – Funding and Investors

    TrueFan raised a seed round of $4.3 million in August 2020. This funding round was led by Ronnie Screwvala, Mayfield India and Saama Capital

    Date Amount Stage Investors
    August 2020 $4.3 Million Seed Ronnie Screwvala, Mayfield India and Saama Capital

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    TrueFan – Competitors

    The celebrity- fan engagement space in India is still growing, there are quite a few players existing in the market, Gonuts, Unlu, Tring and Wysh.  Cameo, which is platform of the similar kind is considered as the largest player internationally

    TrueFan – Future Plans

    TrueFan’s short term goals lie in expanding its user base and celebrity portfolio. It wants to partner with A- listers from all walks of life (Music, Sports and more). While for the long run, TrueFan aims to build a 360 degree celebrity-fan engagement platform with a lot more features that enable fans to form communities and consume quality content that will be curated by platform.

    TrueFan – FAQs

    What is TrueFan?

    TrueFan is a platform that aspires to connect fans to their favourite celebrities in the most personal and meaningful ways.

    Who are the founders of TrueFan?

    TrueFan was co-founded by Nevaid Aggarwal, Devender Bindal and Nimish Goelm in January 2020.

    How much funding has TrueFan raised?

    TrueFan raised a seed round of $4.3 million in August 2020. This funding round was led by Ronnie Screwvala, Mayfield India and Saama Capital

    How does TrueFan make money?

    Users are asked to pay a nominal fee to play quizzes on TrueFan platform. The winner gets a personalized video from the said celebrity, other players receive cashbacks on the basis of their rank in the game.

    Who are Truefan’s competitors?

    Gonuts, Unlu, Tring, Wysh and Cameo are the major competitors of TrueFan.

  • Digvijaya Herbals – Specializes in Organic & Wellness Products

    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 Digvijaya Herbals

    Digvijaya Herbals, a startup founded in 2019, has already earned around INR 3 crore in 2021. It is looking forward for 100 crore milestone in next 5 years.

    Founded by Dr. Disha Dinakar and Mrs. Vijaya Dinakar, Digvijaya Herbals specializes in skincare, haircare, health & wellness products. The mother-daughter duo is redefining the beauty and wellness industry like never before! Let’s have a look on the startup journey of Digvijaya Herbals.

    StartupTalky interviewed Dr. Disha Dinakar (co-founder of Digvijaya Herbals) to know the Success Story of Digvijaya Herbals and also get a glance on its business model, products, founders, how Digvijaya Herbals started & more.

    Digvijaya Herbals – Company Highlights

    Startup Name Digvijaya Herbals
    Founders Dr. Disha Dinakar, Mrs.Vijaya Dinakar
    Founding Year 2019
    Headquarters Mangalore
    Sector Beauty and Wellness
    Website digvijayaherbals.com

    Digvijaya Herbals – About and Vision
    Digvijaya Herbals – Founders and Team
    Digvijaya Herbals – Ideation/How it Started?
    Digvijaya Herbals – Products Offered
    Digvijaya Herbals – Name, Tagline and Logo
    Digvijaya Herbals – Business Model and Revenue Model
    Digvijaya Herbals – Funding
    Digvijaya Herbals – Startup Launch and Marketing Strategy
    Digvijaya Herbals – Growth and Revenue
    Digvijaya Herbals – Challenges Faced
    Digvijaya Herbals – Advisors and Mentors
    Digvijaya Herbals – Future Plans
    Digvijaya Herbals – FAQs

    Digvijaya Herbals – About and Vision

    Digvijaya Herbals specialize in skin, hair care, health & wellness products made from the purest ingredients & high-quality raw materials.

    Its vision – ‘To develop unique organic beauty and wellness products which will be useful to everybody irrespective of age or gender’

    Digvijaya Herbals is already spread across globe, by opening up its distribution outlets in Singapore and Sri Lanka and soon it is are going to reach Middle East.

    “Another interesting fact about the brand is it’s a strict women driven force. We are opening a 85,000 sq. feet unit within 3 months which will hire many more women to support the brand” says Disha, c0-founder, Digvijaya Herbals

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    Digvijaya Herbals – Founders and Team

    Digvijaya Herbals Pvt ltd. was founded in 2019 by Dr. Disha Dinakar and Mrs. Vijaya Dinakar, the mother-daughter duo.

    • Mr. MN Dinakar (Father of Dr. Disha Dinakar) is the Chairman of Digvijaya Group.
    • Mrs. Vijaya Dinakar (Mother of Dr. Disha Dinakar) is the managing Director of the firm. She has been the mastermind for Digvijaya.

    “It is an all women run brand with 15 employees” proudly says Dr. Disha, Co-founder, Digvijaya Herbals

    Dr. Disha Dinakar – Co-founder, Digvijaya Herbals

    Digvijaya Herbals – Ideation/How it Started?

    Indian market is vast with a wide range of beauty & health products. Most of them seem aesthetically pleasing but sadly enough, the labels have harmful chemical names mentioned in some corner. With too much love for authenticity, Digvijaya was born.

    “My mother and I are strong believers of organic products and their benefits. We both read every label before we purchase out of curiosity” Disha added

    Disha’s father, Mr. MN Dinakar has spent 3 decades in the Middle East. He is an entrepreneur himself & he’s also the chairman of Digvijaya group. Disha was born and raised in Oman. She moved to India to purse her studies.

    “My mother and father have been my pillars of strength and have extended their immense support due to which I’m able to juggle between my practice and business” says Disha.

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    Digvijaya Herbals – Products Offered

    Digvijaya herbals have 100% natural, handcrafted organic products which work gently yet yield miraculous results. It uses cold pressed carrier oils, essential oils which are unprocessed and sourced from other parts of the world. Digvijaya Products are branded with the name ‘Duh’.

    Some of its best sellers are the Duh metabolic enhancer kit, Duh no-hair wax powder, Duh overnight repair gel and Duh hair growth kit.

    Digvijaya Herbals Products

    With little too much love for authenticity, Digvijaya Herbals have a lot more to offer than just the products alone. It provides health and lifestyle guidelines too. Dr. Disha herself interacts with the clients to ensure they get the best out of what they try & believes that customer satisfaction is the topmost priority! The company & products are ISO, FDA, GMP, organic production certified.

    Digvijaya Herbals aims on creating a global awareness on the gradual, sustainable results of organic products, most importantly without any side effects.

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    Digvijaya Products are branded with the name ‘Duh’. The founder of Digvijaya Herbals mentioned that the name of the brand DUH came up out of nowhere (as said like, Duh ! ) but it sounded more pleasing if pronounce as Doo… hence pronounced this way.

    Digvijaya Herbals Logo

    Digvijaya Herbals – Business Model and Revenue Model

    Digvijaya Herbals works on a B2C business model. It has a wide range of skincare, haircare, health and wellness products. It sells exclusively on its website and via social media platforms.

    The company is planning to enter Ecommerce portals and offline sales by the end of 2021, via self-funding.

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    Digvijaya Herbals – Funding

    Digvijaya Herbals is a bootstrapped startup.

    Digvijaya Herbals – Startup Launch and Marketing Strategy

    Digvijaya was born only with the vision of curating effective range of beauty, health and wellness products with nature’s gifted ingredients.

    “I launched the brand and promoted it with my friends without letting them know it was mine. So my friends who saw tremendous results recommended their friends so my first 100 customers were my friends , friends of friends itself!” added Disha

    Customer support & feedback are considered very seriously by the team at Digvijaya Herbals. No matter, how busy the founders are, they personally cater to the clients’ queries and concerns.

    Its primary marketing strategy has been on social media platforms. “As I personally have a verified profile with a strong media presence I initially utilized the same to create an awareness of our brand” says the founder.

    No compromise on quality! the team hasn’t focused much on the packaging but have put in the best for the products. All its essential oils are procured from the Middle East and most of the herbal ingredients are sourced from Digvijaya farm itself.

    Last 2 years, the team has been focusing only on social media marketing, influencer marketing and word of mouth by clients, nothing else ! Now, it has entered other selling platforms as well. For marketing, the brand spend a few lakhs every month. It’s termed important as the market is very competitive so creating brand awareness is important as said by Dr. Disha.

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    Digvijaya Herbals – Challenges Faced

    One of the major challenge faced by Disha was to manage her full-time practice and cater to clients’ needs. It was quite challenging at the start as the team had to spend a sufficient amount of time for R & D of every ingredient and get the formulations right. Apart from that, reaching out to the customers, as an absolutely new brand.

    But from day 1 till date, Disha personally interacts with her clients.

    “I’m glad that my mother stood by me as a pillar of strength due to which it made it easier to manage between my practice and business. Tough times don’t last for long. All we gotta do is hold on, work harder, Utilize given rime for research & ideas and patience is the key” expressed by Disha

    Digvijaya Herbals – Growth and Revenue

    Digvijaya Herbals, a startup founded in 2019, has almost touched 3 Cr revenue in the second financial year i.e., 2021.

    It will be a dream to Achieve a 100 CR milestone in next 5 years – added Disha

    The brand already has a wide range of 140 products and is looking forward to launch many more beauty, health & wellness products in the next few years which will be result oriented, made with natural & pure ingredients. Digvijaya has its distribution outlets in Singapore and SriLanka. It is looking forward to take it to Middle East as well.

    Digvijaya Herbals – Advisors and Mentors

    Dr. Disha Dinakar says that her mother (Vijaya Dinakar) has been the forever mentor and the mastermind of Digvijaya Herbals. She stood by Disha as a pillar of strength.

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    Digvijaya Herbals – Future Plans

    With a range of over 140 products, Digvijaya Herbals is looking forward to launch many more beauty, health & wellness products in the next few years. It will be result oriented – made with natural & pure ingredients. With distributor outlets in Singapore and SriLanka, the team is planning to take it to Middle East as well. Apart from this, Digvijaya Herbals is aiming for INR 100 crore as a revenue milestone in next 5 years.

    Digvijaya Herbals – FAQs

    Who are the founders of Digvijaya Herbals?

    Digvijaya Herbals Pvt ltd. was founded in 2019 by Dr. Disha Dinakar and Mrs. Vijaya Dinakar, the mother-daughter duo.

    What is Digvijaya Herbals?

    Digvijaya Herbals specialize in skin, hair care, health & wellness products made from the purest ingredients & high-quality raw materials.

    How much is the revenue of Digvijaya Herbals?

    Digvijaya Herbals is a startup founded in 2019, it has almost touched 3 Cr revenue in the second financial year i.e. in 2021.

    How Digvijaya Herbals make money?

    Digvijaya Herbals works on a B2C business model. It has a wide range of skincare, haircare, health and wellness products. It sells exclusively on its website and via social media platforms.

    Are the products of Digvijaya Herbals safe?

    Digvijaya Herbals & its products are ISO, FDA, GMP, organic production certified. Hence, it is safe.

  • Vishal Gondal: Founder & CEO of GOQii

    Vishal Gondal is an Indian Entrepreneur, who founded a fitness technology company, GOQii (pronounced Go-Key) in 2014. He is the former CEO of the game development company, Indiagames, which was sold to DisneyUTVDigital. He served as the Managing Director of Digital division of The Walt Disney Company India. Most recently, on 4 September 2020, Bollywood Actor Akshay Kumar declared the release of FAU-G, which would be leaded by Vishal via Bengaluru based nCORE Games where he serves as its Co-founder. He is also an active Angel Investor. As of 2019, he has net worth of $2 million.

    Vishal Gondal- Biography

    Name Vishal Gondal
    Born 14 July, 1976
    Birthplace Mumbai, India
    Age 44 (2020)
    Nationality Indian
    Education Mumbai University
    Profession Entrepreneur; Venture Capitalist; Angel Investor
    Position CEO at GOQii; Former CEO at Indiagames
    Net worth 2 million (2019)
    Marital Status Married
    Spouse Harpreet

    Vishal Gondal- Personal Life
    Vishal Gondal- Education
    Vishal Gondal- Professional Life
    Vishal Gondal- Indiagames
    Vishal Gondal- Sweat and Blood Venture
    Vishal Gondal- GOQii
    Vishal Gondal- FAU-G
    Vishal Gondal- Honors & Awards

    Vishal Gondal- Personal Life

    Vishal Gondal
    Vishal Gondal – GOQii’s CEO

    Vishal was born in Mumbai, India and is presently based in Menlo Park, California with his wife Harpreet, who he met during his India games days and two sons Aryan & Veer. He is an avid sportsman, he has played volleyball at the state and national levels. He represented Maharashtra in the national championship. He was a Rank Holder of National Computer Problem Solving Contest in ‘C’ programming. He obtained his first personal computer when he was 13. He is married to Harpreet, who also worked for his venture Indiagames.

    Vishal Gondal- Education

    Vishal pursued TYBCOM from R.A Podar. After finishing his schooling, he started his own venture called FACT at the age of 16. Moreover, he is specialized in leading various business teams with a promise to inculcate extraordinary results.

    Vishal Gondal- Professional Life

    Vishal started his entrepreneurial journey post his schooling. His venture Indiagames is an award winning multi-platform games company. He has formerly served as the CEO of Indiagames Ltd. for 16 years.

    He headed the Mumbai Chapter of the International Game Developers Association. He is even a part of The Nokia Advisory Council for Games and advises Nokia on gaming technologies.

    The Walt Disney Company India Private Limited reincorporated its digital assets under a new portal, DisneyUTVDigital in 2008. Vishal served as the Managing Director of this new portal. He headed all gaming and digital operations of Disney in India after the acquisition of Indiagames to Disney.

    He is an investment partner of Sweat and Blood Venture Group since January 2007. He is currently the Founder & CEO of GOQii Inc since February 2014. He is also a Co-founder at nCore Games, which recently declared to launch FAU-G game soon.

    Vishal Gondal- Indiagames

    Indiagames Logo

    Vishal founded a video game development and publishing company called Indiagames in 1999. The company had 300 employees and extended offices across Mumbai, Beijing, London and Los Angels by 2009.

    The company actively develop games for wireless, console and online gaming platforms while working with top game publishers, handset manufactures Hollywoood studios and mobile operators across the world. Indiagames has cordially partnered with Activision and Marvel to develop and distribute a game based on Spider-Man.

    He further sold a majority share (76.29% of the company) to a subsidiary of TOM Online Inc called TOM online Games in 2009 and left his position of CEO. At the specific time of acquisition, Indiagames was making a profit of $400,000 roughly on revenue of $11 million.

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    Vishal Gondal- Sweat and Blood Venture

    Vishal established a company called Sweat and Blood Venture group in 2008 for the sake of investing in startups a through seed funding. The organization has invested in ventures including Instablogs, Docsuggest and others. He has also presented at the INK Conferences in Mumbai.

    Vishal Gondal- GOQii

    GOQii Logo

    Vishal launched the fitness technology firm GOQii in March 2014. The company is headquartered in Menlo Park, California with offices in Mumbai and Shenzen. He is the Founder and CEO of GOQii, since its establishment.

    The tagline of the company is to Make a permanent
    shift to a healthier lifestyle with the collation of advanced wearable technology, world’s leading experts, coaches and karma. The fitness firm centers on sustained engagement and goal reinforcement and offers a complete ecosystem as a single integrated solution, which is a powerful combination of technology and human connection.

    Vishal Gondal- FAU-G

    FAU-G Logo

    Vishal is the Co-founder of nCore Games, which announced to release an “action” game FAU-G or Fearless And United: Guards game soon in India. The initiative was proposed after the ban of China-based PUB-G game in India, which happened recently on 2 September, 2020.

    However, Vishal asserted that FAU-G was always in the pipeline and there were plans to release it on October and the ban on PUB-G Mobile was coincidental. He revealed that his team has been already working on FAU-G since May-June 2020.

    Vishal with two other nCore Games co-founders, has been working on to release three games together. The first one is FAU-G, which is a shooting game. Another one is a cricket game and third one is a music game.

    Moreover, Vishal conferred that the first episode will be based on the incident of the Galwan Valley incident. The aim with FAU-G is to make players aware about pivotal incidents of our country including Galwan Valley clash and learn the value of Indian soldiers. Also, the 20% of net revenue will be donated to BharatKeVeer trust, which is dedicated for the well being of Indian soldiers.

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    Vishal Gondal- Honors & Awards

    • Business Today featured Vishal among 40 Indian entrepreneurs in December, 2001.
    • He was listed in the top 50 executives in the mobile content space published in Mobile Entertainment magazine in 2005.
    • Among Asia’s Top 100 companies, Indiagames was listed by Red Herring in 2005.
    • He was listed by techcircle.in among the top 25 powerful people in Indian digital business (2012).
    • Entrepreneur Magazine bestowed him with Entrepreneur of the Year Award in 2019.

    FAQs

    Who is the founder of GOQii?

    Vishal Gondal

    What is the meaning of GOQii?

    GOQii (pronounced Go-Key) is an Indian fitness technology company.

    What is GOQii app?

    GOQii is a Smart Preventive Healthcare Ecosystem for you and your family which offers personalized 1-on-1 Coaching, Doctor Consultation, and Expert advice.

    Is GOQii a good brand?

    Yes

    What is GOQii stands for?

    Exercise, eat healthy and rest well

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  • Ingvar Kamprad—The IKEA Founder’s Rags-To-Riches Journey

    The path to success isn’t easy. One has to work hard, sacrifice comforts and walk on an obstacle-laden path. Some entrepreneurs came from wealthy families. Others have a rags-to-riches tale. Swede Ingvar Kamprad was one with literally no support and later on joined the list of the richest people in the world.

    Ingvar Kamprad—Biography
    Ingvar Kamprad—How It All Started?
    Ingvar Kamprad—Worldwide Phenomenon
    Ingvar Kamprad—IKEA Foundation
    Ingvar Kamprad—Becoming the Richest
    Ingvar Kamprad—Charity Work
    Ingvar Kamprad—Swedish Furniture Chain
    Ingvar Kamprad—Leadership Skill
    Ingvar Kamprad—FAQ’s
    Ingvar Kamprad—Conclusion

    Ingvar Kamprad—Biography

    Name Ingvar Kamprad
    Born 30 March 1926 – Pjätteryd, Sweden
    Died 27 January 2018 – Älmhult, Sweden
    Age 91
    Education Hvitfeldtska Gymnasiet
    Occupation Business magnate
    Founded IKEA
    Net worth US$58.7 billion as of Jan 2018

    Ingvar is the founder of the furniture company, IKEA. Setting up IKEA and representing his country on the global stage, Ingvar Kamprad’s journey is inspirational and mind-numbing.

    As a child, Ingvar lived on a small farm called Elmtaryd in the Swedish province of Smaland. Sweden was facing the wrath of poverty those days; the hardships he was subjected to was a blessing in disguise as he invested all the values gained in these tough times to form IKEA’s ethics. Ingvar began selling matches at six.

    At the age of ten, he sold Christmas decorations, pencils, and fish. Despite being dyslexic, Ingvar performed well in academics because of which his father awarded him a small amount of money. With the money, he opened a company named IKEA, an abbreviation for Ingvar Kamprad from Elmtaryd, Agunnaryd.

    Ingvar Kamprad—How It All Started?

    IKEA Logo

    After setting up IKEA, Kamprad used milk trucks to deliver his furniture goods. In 1947, he began selling locally made items of furniture. However, Ingvar faced intense criticism in 1955 as manufacturers protested against Ingvar’s low prices. This was a turning point for the company as it shifted towards flat pack—a piece of furniture or other equipment that is sold in pieces packed flat in a box for easy transport and is assembled by the buyer. This was a change in IKEA’s ideology regarding furniture.

    Ingvar targeted the middle-class as IKEA presented affordable and stylish furniture was easy on the pockets. By his new idea, Ingvar could serve all sections of the society, rich or not,  simultaneously with a unique brand of furniture equipment.

    Flat packaging minimized shipping costs, transportation damages, and increased the store inventory capacity. Ingvar planned and modified IKEA stores to suit customer expectations.

    Ingvar Kamprad—Worldwide Phenomenon

    Ingvar soon expanded his business into various parts of Sweden. A few years later, IKEA established its presence in Norway, Germany, and then all over Europe. This was the thrust to setting up IKEA globally. Ingvar’s venture was accepted globally and this was attested when IKEA opened up a store in the city of Shanghai; 80,000 people visited the store! IKEA has over 300 stores in 38 countries across the globe.

    IKEA opened its first store in Japan in 1974, and in Australia, Canada, and Hong Kong in 1975. Later on, IKEA was launched in countries like the United Kingdom, the United States, Italy, Belgium, and the Dominican Republic in the year 2010.

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    Ingvar Kamprad—IKEA Foundation

    The Stitching INGKA foundation is named after Ingvar Kamprad. This foundation owns INGKA Holding, the parent company for all IKEA stores. This charitable foundation was named as the wealthiest charity in the world in the year 2006, which was then overtaken by the Bill and Melinda Gates Foundation. Ingvar was the chairman of The Stitching IKEA foundation.

    In an instance of charity, IKEA Australia had agreed to match dollar for dollar co-workers’ donations and donated all the sales of the IKEA Blue Bag to help people affected by the 2004 Indian Ocean Tsunami.

    Ingvar Kamprad—Becoming the Richest

    In 2004, the Swedish business magazine declared Ingvar as one of the world’s wealthiest people. However, this wasn’t an accurate measure since the magazine assumed  Ingvar’s wealth equal to IKEA’s valuation at that time. In 2010, Forbes magazine estimated Ingvar’s wealth at 23 billion USD. His ranking decreased substantially from 11th to 162 in the standings due to a lawsuit that prevented his family from access to his funds. In 2015, Ingvar was the eighth richest person in the world according to the Bloomberg Billionaires Index, Ingvar Kamprad net worth is $58.7 billion.

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    Ingvar Kamprad—Charity Work

    Ingvar was known for simplicity and frugality, and his company had a reputation for community outreach and philanthropy. IKEA has actively supported UNICEF and other important committees of the United Nations.

    Ingvar Kamprad—Swedish Furniture Chain

    In 1973, IKEA established its first store outside Scandinavia; the shop was set up in Switzerland. The expansion of IKEA cemented Sweden as a producer of top-class furniture. The employees wore jeans, shirts, and jumpers—a down-to-earth image of Swedish people.

    Ingvar Kamprad—Leadership Skill

    Ingvar had razor-sharp focus towards IKEA’s development. He used to visit IKEA stores till his last breath. Ingvar was a personality one should look up to; he used to travel in economy and treated his employees as ‘co-workers’. He encouraged his employees to dress informally and drove an old Volvo.

    Apart from his fascist comments, Ingvar will be remembered as one of the greatest entrepreneurs of the 20th century. His simplicity and dedication depict a clear picture on how a real leader should guide his employees. Starting a company while facing the wrath of poverty, Ingvar has proved that nothing is impossible to achieve. He passed away in 2018, leaving behind a company that changed the face of the furniture industry.

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    Ingvar Kamprad—FAQ’s

    Who is the founder of Ikea?

    Ingvar Kamprad is the founder Ikea.

    What does IKEA stand for?

    Ingvar Kamprad Elmtaryd Agunnaryd. IKEA is an acronym that stands for “Ingvar Kamprad Elmtaryd Agunnaryd”.

    Why is IKEA called IKEA?

    IKEA is named after the initials of founder Ingvar Kamprad, Elmtaryd, the farm on which he grew up, and Agunnaryd, the nearby village.

    How much is the Ikea company worth?

    Founder of Ikea net worth is $58.7 billion.

    Ingvar Kamprad—Conclusion

    Ingvar Kamprad was the founder of IKEA. He was surrounded by myths every time while he was alive. All the myths were found to be true by the journalists. He was famous and was known for his frugality and hardworking. It all started with selling matches at the age of 7. He realized that he could gain profit buying matches in bulk cheaply. And selling them at low prices individually. By the age of ten, he was selling flower seeds, greeting cards, Christmas decorations, and pencils. By growing its business, the company started to sell Furniture’s and made itself a brand. All in all, nowadays IKEA earns more than 34 billion euro per year. It is the most famous furniture store in the world.

  • Why LG is Shutting down its Mobile Business after 26 years

    LG is a South Korean company that was one of the leading manufacturers of mobile phones. The company has maintained the No 3 position in the manufacturing of the smartphones for a very long time. The company has been finding it hard to maintain its financial position and to increase the sales of the mobile phones amid the competitors.

    Recently the company has announced that it is going to shut down the mobile phone business. Let’s look at why the company has decided to shut down its mobile phone business.

    Statement released by LG
    Reason for the shut down
    LG Failed to make its mark
    Future of LG customers
    Future of LG Employees
    Future Plans of LG
    FAQ

    Statement released by LG

    On 5 April 2020, LG had announced that it will shut down its mobile phone business. The South Korean firm LG had said in a statement that their Board of Directors had approved the decision to discontinue the business.

    This unsurprising move from the company comes after its statement in the month of January, where LG had told that it was trying to review the direction of their smartphone business. The company has announced that it will close down its mobile business worldwide.

    LG has become the latest legacy phone to exit the mobile phone making business. The company said that it will shut down its mobile phone business by the end of July.

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    Reason for the shut down

    The company has been struggling to compete with the global competitors such as Apple, Samsung, One Plus, and Xiaomi who dominates the mobile phone market. Apple and Samsung are the only brands that have maintained their sales over the years in this market.

    Even the legacy phone brands such as Nokia and Blackberry have faced a lot of struggle and have lost their market domination. LG had failed to keep their products with the competitors and the new players are providing smartphones with better software and Operating systems at a reasonable price.

    In 2007, LG was the fifth biggest smartphone maker globally. This was when the first iPhone was launched and went into sale. In the fourth quarter of 2020, LG couldn’t get ranked in the list of top whereas Huawei which is struggling because of certain US sanctions has managed to be in the fifth position.

    LG Failed to make its mark

    Over the past decade, it became harder to get consumer attention in mobile because of the growth of Android phones. LG had been experimenting with a lot of innovative designs in the last couple of years to attract the consumers.

    LG continuously focused on two segments in the market which were high-end and mid-range smartphones. These two segments have become very competitive in the past decade because of the Chinese smartphone manufacturers such as Huawei, One Plus, Oppo, Xiaomi, and Vivo.

    These companies have been releasing new models with software updates and the latest camera feature phones every often.

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    Future of LG customers

    LG has told that it will continue to sell the smartphones as long as their already manufactured and stored inventory is exhausted. The company also said that it will continue providing services to their existing customers such as software updates, customer support, etc. for a period of time. They said that it would differ from one particular region to another.

    On the request towards the company’s US business on how long will LG provide services to US customers did not receive any reply. A representative of AT&T has told that they are aware of LG shutting down their mobile phone business and added on saying that they would continue to support the people who use LG devices on their network as LG makes this move. This step is taken by AT&T as a commitment towards their customers.

    Number of smartphones sold to end users worldwide
    Number of smartphones sold to end users worldwide

    Future of LG Employees

    It is said that LG will likely lay off some of their workforce. Some of them would probably be transferred to the other sectors of LG’s business. The company has a lot of employees around the world as it has phone manufacturing centers in China, Vietnam, and Brazil.

    The company is trying to repurpose its manufacturing facilities to be used for the manufacture of other products. Even closure of these facilities is a possibility. They said that the status of their workforce that is involved in the phone business will be decided at their local level.

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    Future Plans of LG

    In the coming years, LG is planning to concentrate on leveraging their expertise in the mobile industry and to develop and work on building mobility-related technologies such as 6G to strengthen their competitiveness in various other business areas.

    The company has plans to retain their core technologies that they had developed during the two decades of their mobile manufacturing business. The company is planning to apply it to their existing and future products.

    The company has plans to focus more on its smart home products from smartphones. LG is one of the biggest providers of smart home products globally. The company is further planning to concentrate on electric vehicle components, Artificial Intelligence, robotics, business-to-business products, and other connected devices.

    FAQ

    What does LG stand for?

    The company’s original name was Lucky Goldstar but it has become more synonymous with the company’s tag line “Life’s Good”.

    Is LG going to stop making phones?

    LG has released a statement saying that it is getting out of its mobile phone business to focus on other products and services.

    Is LG is an Indian company?

    No, LG is an South Korean multinational conglomerate corporation founded by Koo In-hwoi.

    Conclusion

    LG’s poor financial performance in their smartphone business and the information regarding it has been public for the past few years. Just like other legacy phones even LG has failed to retain in the mobile manufacturing business and to turn things around.

  • Top 7 Apps to Invest in Mutual Funds in India

    Mutual Fund investments are considered as one of the best ways to increase your money in the long run and to beat the inflation rates. This can be a way through which you can achieve financial freedom. With the availability of a lot of mobile applications in the market investing in Mutual Funds has become easier when compared to the days prior.

    But choosing the best platform to invest in Mutual funds has become hard as choosing from a wide range of options is a hard process. You can go through this article to choose from the best Mobile Applications available for you to start your Mutual Funds Investment journey.

    Groww
    Paytm Money
    ETMONEY
    CashRich
    Scripbox
    Coin by Zerodha
    Kuvera
    FAQ

    Groww

    Groww is a mobile application you can use if you are a beginner in Mutual Fund Investing. The platform provides an interactive and simple user interface. The application offers various resources such as blogs and learning videos that are related to mutual funds to help you in Mutual fund investing in case you are a beginner.

    Through the Groww application, you can easily invest in mutual funds at a zero commission rate. The platform provides an easy-to-use interface where you can track all your investments, total returns, and annual returns under one dashboard. You can also create an account easily with a one-step KYC process.

    Groww Mobile App
    Groww Mobile App

    They also have a Mutual Fund SIP calculator this will let you calculate the return on your investments easily and you can even start investing in mutual funds through a Systematic Investment Plan (SIP) at a very low price of INR 100.

    All your transactions through the platform will be secure as it uses 128-bit SSL encryption. The mobile application is available for both Android and IOS users.

    Downloads – 10M+

    Playstore Rating – 4.4

    Download Size (Android) – 27mb

    Paytm Money

    Paytm Money Mutual Funds App is one of the best mobile applications in India for Mutual Fund investment. Through this platform, you can get access to various investment ideas from where you can choose according to your requirements.

    There are no hidden charges for buying and selling of Mutual Funds through the Paytm Money Mutual Funds App as it is absolutely free of cost.

    Paytm money Mobile app
    Paytm money Mobile app

    You can open an account in Paytm Money in less than 30 minutes through a paperless KYC process. Opening an account is very simple and it easily makes your account investment-ready as soon as your account is opened and the verification process is completed.

    You can track the performance and returns of your investments easily as it has a one-stop solution. You can start investing in Mutual Funds using Paytm Money Mutual Funds App through a Systematic Investment Plan (SIP) at a very low price of INR 100.

    The app is available for both Android and IOS users.

    Downloads – 5M+

    Playstore Rating – 4.2

    Download Size (Android) – 28mb

    ETMONEY

    ETMONEY is also considered to be one of the best platforms for Mutual Funds investments in India. It is a mobile application under Times Network. You can easily navigate using this platform and the application is very light.

    ETMONEY provides insights about your investment from the application and this can provide a lot of information and improve your Mutual Funds investment process. This is considered as one of the best features provided by the platform.

    ETMONEY Mobile App
    ETMONEY Mobile App

    The platform also offers personal finance strategies after taking into consideration your financial goals and your duties. The app also offers solutions for tax savings for free which will help you save up to INR 46,800.

    Through this platform, you can also get access to various financial products such as insurance policies, direct mutual fund investments through SIP’s, Instant loans, etc. The app also lets you transfer money into the platform through various UPI payment apps such as Google Pay, PhonePe, Paytm, etc.

    The Mutual Fund investments through the app are free of cost. The Application is available for both Android and IOS users.

    Downloads – 5M+

    Playstore Rating – 4.5

    Download Size (Android) – 19mb

    CashRich

    CashRich was one of the earliest apps available for Mutual Fund investments in India. It is the first mobile application to offer a dynamic SIP investment option. This provides much higher returns than the regular SIP.

    Opening an account is very easy as it is through a paperless KYC process and the platform lets you open an account in less than 30 minutes. The application provides personalized investment options after taking into consideration your financial obligations and goals.

    Cashrich Mobile app
    Cashrich Mobile app 

    The account you open with CashRich comes as a free account for your entire life with no account opening charges and zero maintenance charges. There are no transaction charges as well.

    They provide chat support which is active 24×7. The mobile application is available for both Android and IOS users.

    Downloads – 100k+

    Playstore Rating – 4.5

    Download Size (Android) – 10mb

    Scripbox

    Scripbox is a mobile application which helps you invest in mutual funds. The platform helps you achieve your financial goals in your life by letting you invest in the best mutual funds available. It is one of the most trusted Finance based mobile application in India.

    There is no lock in period for both equity mutual funds and debt mutual funds except for ELSS mutual funds. The platform provides a complete view on the growth of your mutual fund investments. They even provide periodic reviews of their mutual funds which will help you stay updated and analyze the best mutual fund available.

    Scripbox Mobile App
    Scripbox Mobile App

    Downloads – 1M+

    Playstore Rating – 4.5

    Download Size (Android) – 18mb

    Coin by Zerodha

    Zerodha Coin is a platform which is under the largest stockbroker of the country Zerodha. Zerodha coin is also the largest platform which lets you directly invest in Mutual Funds. The platform lets you invest online with zero commission directly from Asset Management companies.

    You will have access to unlimited free investments in direct mutual funds.

    Zerodha coin Mobile app
     Coin by Zerodha Mobile app

    Downloads – 1M+

    Playstore Rating – 4.5

    Download Size (Android) – 9.5mb

    Kuvera

    Kuvera is an online platform which lets you invest in Mutual Funds. The platform runs under the company Arevuk Advisory Services which is a SEBI registered investment advisor.

    You can invest in direct mutual funds through the app without any fees or commissions. The platform was introduced in the year 2016. It is a wealth management platform for individual investors.

    Kuvera Mobile App
    Kuvera Mobile App

    Downloads – 500k+

    Playstore Rating – 4.7

    Download Size (Android) – 32mb

    FAQ

    What is meant by mutual funds?

    Mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.

    What are 3 Types of mutual funds?

    There are four broad types of mutual funds: Equity (stocks), fixed-income (bonds), money market funds (short-term debt), or both stocks and bonds (balanced or hybrid funds).

    What is the 3 day rule in stocks?

    The ‘Three Day Rule’ tells investors and stock traders to wait a full three days before buying a stock that has been slammed due to negative news.

    Conclusion

    Through such mobile applications investment in Mutual funds has become an easier and hassle-free process. Most of the applications mentioned in this article have somewhat similar futures. You can choose any of the platforms according to your choice and start your investment journey.

  • Bonito Designs – India’s Most Promising Interior Designing Brand

    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 Bonito Designs.

    Decorating a home is no more done by looking through numerous catalogs. It is about making one’s unique personality speak through the space they live in. Good interior designing involves a creative balance of aesthetics vs functionality, storage vs space, grandeur vs minimalism, luxury vs budget and many such infinite combinations of aspects that go on to define the space that people would live in.

    Established in 2012, Bonito Designs has been working towards its goal of making great designs accessible to Indian customers at affordable prices.

    Know about Bonito Designs, founder, funding, services, revenue model, growth, awards, and future plans.

    Bonito Designs – Company Highlights

    Startup Name Bonito Designs
    Headquarter Bangalore, India
    Sector Interior Designing
    Founder Sameer AM
    Founded 2012
    Total Funding $6.3 million (Pre-Series A)
    Competitors HomeLane, Livspace, Foyr, Creative Axis Interiors, Design Cafe, Urban Ladder, Pepperfry
    Parent Organization Bonito Designs Pvt Ltd
    Website bonito.in

    Discover more about Bonito Designs:

    About Bonito Designs and How it Works
    Bonito Designs – Target Market Size
    Bonito Designs – Founders/Owners and Team
    Bonito Designs – Products/Services
    Bonito Designs – How it Started?
    Bonito Designs – Name, Tagline and Logo
    Bonito Designs – Business Model and Revenue Model
    Bonito Designs – Startup Launch
    Bonito Designs – User Acqusition and Growth
    Bonito Designs – Startup Challenges
    Bonito Designs – Competitors
    Bonito Designs – Funding and Investors
    Bonito Designs – Awards

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    About Bonito Designs and How it Works

    Bonito Designs, a bangalore based startup, focus on bringing to life a bespoke area that tells a story about you, and where you and your family do not just live; but are able to thrive, rejuvenate and eventually get in touch with their blissful self for a much more meaningful life.

    Great interiors involves placing customers and their personality’s needs at the center. It’s about how each of these can be played in order to define their space around them; for them. Bonito Design’s motivation is to figure out their customer as a person, and then go on to create the interiors of their home that makes sense every waking day to them.

    “We wake up every day to find a newer, better way of marrying the aesthetics of design with the wonderful things that represent our consumers and their lives. As design thinkers and evangelists, we go the extra mile to innovate, do whatever is necessary to deliver more at every step involved in making their dream a reality.”, said Sameer AM, founder of Bonito Designs.

    They listen carefully, respect, empathize and are sensitive to the vision, ambition, truth of their consumers. The team try to articulate them into words, materials, shapes, design and reality. And collaborate with consumers to co-design, co-curate and co-create the home of their dreams.

    Bonito Designs is a professional design firm started by young entrepreneurs building on design obsession and a vision that every home deserves to be a designer home and every person deserves designer living.

    Bonito Designs – Target Market Size

    Interior Designing, as a super set of decor, home furnishing is a $670+ billion market worldwide and clocks a 6-7$ billion for the Indian market. A lot of broad markets ranging from furnishing to furniture are included in this space. Design-led market size varies from country to country.

    Bonito Designs – Founders/Owners and Team

    Sameer AM, Rickson D’souza and Vathsala CR are the founders of Bonito Designs.

    Sameer AM - Founder and CEO, Bonito Designs
    Sameer AM – Founder and CEO, Bonito Designs

    Three more promoters along with Sameer and Rickson are currently heading the company on different fronts. The team of Bonito Designs consists of:

    • Sameer AM – Chief Executive Officer
    • Rickson Dsouza – Chief Operating Officer
    • Arun Kumar Gonal – Chief Human Resource Officer
    • Bharath S – Chief Design Officer
    • Pradeep Bhat – Chief Technology Officer

    The startup has a team of 200+ passionate individuals.

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    Bonito Designs – Products/Services

    Bonito Designs is a professional design firm started by young entrepreneurs building on design obsession and a vision that every home deserves to be a designer home and every person deserves designer living. It is a design talent powerhouse with high caliber design experts from across Indian and International design schools.

    The startup has a team of 200+ passionate individuals. They have a cumulative experience of 400 man-years of design & delivery. They have delivered 1500 homes in the last 7 years across the city of Bengaluru while garnering praises, awards, and experience across various typologies, sizes and themes.

    The company offers a full-service from conceptualization to design, planning, visualization, and project management with utmost care of personalization and quality delivery.

    Bonito Designs – How it Started?

    The inspiration for starting Bonito came from the will to bring stories into empty spaces that you will call your home. Many stories were heard at that time back in 2012 where customers looking to get their home done had lost the money they had invested or received designs that were totally different from what they were promised. This had brought about a sense of responsibility to help out in streamlining the process for a better outcome and authenticity in the industry.

    The full spectrum service going from idea to execution is a series of services stitched together to bring in a finished product to the customer – that is a loving home. It requires immense passion and willingness on part of all the partaking vendors and contractors to bring in the enthusiasm to walk the mile and dive into the details that are needed to make justice to the appetite the customer demands.

    The identity of Bonito Designs has always gone through a shape-shift at a crucial juncture in the journey of the company.

    Bonito Designs Logo

    The most recent change in the identity marks the lift-off of the company where it starts taking off from being just another startup to marking its territory in broader markets.

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    Bonito Designs – Business Model and Revenue Model

    The company is in the business of realizing dream homes for consumers. Every home begins with a dream and they exist to give life to it. They build aesthetically beautiful homes that our consumers aspire to live in.

    Bonito Designs revenue model is generated by a fee-for-service revenue for providing end to end interior design services to their consumers for their residential homes. It is divided into three phases – design, production and execution.

    Bonito Designs – Startup Launch

    In 2012, when the founding team finally got around to establishing the company, they had a small start where everyone on the team was required to be hands-on with every project received. They launched Bonito in Bangalore – based out of a small office space where most of the team worked out of day in and out.

    It was a factory cum a small makeshift office that didn’t even have a bathroom. The love of their customers and the word of mouth advocated by their customer family drove them to jump for larger avenues. Later on, the startup wanted to reach new audiences and started their YouTube channel which is to date most referred to by any new customer.

    Bonito Designs – User Acqusition and Growth

    “Our values and guiding principles such as honesty and transparency have been key to gain initial traction. In an industry that is plagued by opaque operations and accountability, we were able to garner great confidence by simply being direct with what could be done and what couldn’t.”, said Sameer AM.

    Customers appreciated the directness with which the company did business. They took these values above the business itself and at times it meant rejecting business in certain cases. The word of mouth publicity along with the popularity of Youtube channel has been an immense push to take their business to the next level.

    The recent couple of quarters have demanded a totally different approach to increase their customer base. It required a combination of building up of various verticals such as partnering with realty networks and agents to convert them into evangelists of the brand and that too has added to the business’s intake capacity of the customers.

    As of date, the company continue to experiment and explore various ways in which they can increase the engagement with their customer base and they believe it is only going to get stronger than before. In the last one year, the company has grown tremendously in terms of size of revenues, no of homes delivered, and employees (from 65 to 220+).

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    Bonito Designs – Startup Challenges

    Every design is a new challenge to us as nothing is pre-set for us in the backend. Sometimes, our designers tend to truly push the boundaries of their creativity making it all the more challenging for our backend systems to bring these designs to life. One way or the other, we always find a way to overcome these and that’s what makes our job all the more exciting.

    Bonito Designs – Competitors

    HomeLane, Livspace, Foyr, Creative Axis Interiors, Design Cafe, Urban Ladder, Pepperfry, Flipspaces Design Labs are some of the competitors of Bonito Designs.

    Competition is constantly growing. However, Bonito Designs look for inspiration from around the globe and try to learn and imbibe the best from everyone, locally and globally. They try to set higher benchmarks to improve themselves instead of focusing their energies on competition.

    “Our core philosophy revolves around design and it is our passion to live and breathe design into everything we do that differentiates us from the rest. Everyone says they do customizable or personalized designs. Our core differentiation is the extent to which we customize designs. We also spend a lot of time understanding our customers – their passions, hobbies, interests, lifestyle etc. to bring out spaces that truly reflect their personality.”, said the founder of Bonito Designs.

    Bonito Designs – Funding and Investors

    The Bonito Designs funding stands at $6.3 Million till date. In March 2019, Bonito Designs announced a pre-Series A fund raise of $6.3 million led by early-stage strategic investment venture Tomorrow Capital. The aim was to use the fresh capital in R&D, expand the product base, and improve the digital infrastructure.

    Date Stage Amount Investors
    March 2019 Pre-series A $6.3 million Tomorrow Capital

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    Bonito Designs – Awards

    • Bonito was awarded the “Best and Most Innovative Interior Design Firm of the Year 2020”
    • It received India Award under “Residential Projects”
    • The company was titled 40 under 40 Best Interior Designers of India 2020 by National Architecture and Interior Design Excellence Awards 2020
    • The startup was awarded the ‘Best Interior Design Company of the Year 2019’ by CommonFloor
    • Bonito was awarded the ‘Best of Houzz 2014’ by Houzz

    Bonito Designs – Future Plans

    Having delivered over 1500+ homes in 7 years in Bangalore, Bonito Designs is rightly placed to expand their services to other markets in the near future. Also, in terms of capacity, their production and execution capabilities have expanded multifolds in the last 6 months.  

    Their Youtube channel is the most subscribed interior design channel in Asia and third most subscribed in the world. The startup also have a very strong presence across all social media channels. Their mantra of “Live Breathe Design” trickles through everything they do today and in the future as well.

    Frequently Asked Questions – FAQs

    What is Bonito Designs?

    Bonito Designs, is an interior designing startup based in Bangalore that offers end-to-end home interior decorations for the kitchen, living room, bedroom and more.

    Who are the Bonito Designs founders?

    Sameer AM, Rickson D’souza and Vathsala CR are the founders of Bonito Designs.

    Who are the Bonito competitors?

    HomeLane, Livspace, Foyr, Creative Axis Interiors, Design Cafe, Urban Ladder, Pepperfry, Flipspaces Design Labs are some of the competitors of Bonito Designs.

  • Cyrus Poonawalla: Vaccine King of India

    Cyrus Poonawalla is an Indian businessman and Philanthropist who is the Chairman of Cyrus Poonawalla Group, which includes the Indian biotech company, Serum Institute of India. He is also known as “vaccine king of India”, because his firm manufactures pediatric vaccines and contributes towards society by providing low-cost vaccines to the masses. As a Philanthropist, he supplied 100 thousand doses of measles vaccines for free vaccination in Ukraine in partnership with an Ukrainian businessman, Naum Koen. As of January 2021, he has an estimated net worth of $11.50 billion.

    Cyrus Poonawalla- Biography

    Name Cyrus S. Poonawalla
    Born 1941
    Hometown Pune, India
    Age 80 (2021)
    Nationality Indian
    Education Brihan Maharashtra College of Commerce
    Profession Businessman, Philanthropist
    Position Chairman of Poonawalla Group; Founder of Serum Institute of India
    Net worth $11.50 billion (Jan 2021)
    Spouse Villoo Poonawalla
    Children Adar Poonawalla
    Awards Padma Shri (2005)

    Cyrus Poonawalla – Personal Life
    Cyrus Poonawalla – Education
    Cyrus Poonawalla – Professional Life
    Cyrus Poonawalla – Business idea
    Cyrus Poonawalla – Cyrus Poonawalla Group
    Cyrus Poonawalla – Serum Institute of India
    Cyrus Poonawalla – Poonawalla Stud Farms & Horse Racing
    Cyrus Poonawalla – Honors & Awards

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    Cyrus Poonawalla – Personal Life

    Cyrus was born in a Parsi family and his father was a horse-breeder. The family had a business of horse racing and they owned the Poonawalla Stud Farms. He is married to Villoo Poonawalla, who died in 2010 due to cardiac arrest. The couple has a son named, Adar Poonawalla, who currently serves as the Chief Executive Officer of Serum Institute of India.

    Cyrus Poonawalla – Education

    Cyrus completed his elementary education from Bishops School, Pune. He completed his graduation Brihan Maharashtra College of Commerce (BMCC) in 1966. He acquired a PhD in 1988 by Pune University for the thesis named “Improved Technology in the Manufacture of Specific Anti-toxins and its Socio-Economic Impact on the Society.”

    Cyrus Poonawalla – Professional Life

    At age 20, Cyrus realized that his family business of horse racing had no future ahead. He then started experimenting with cars and built a $120 prototype sports car modeled on the D-type Jaguar along with a friend, however, they did not have enough capital to produce such cars on commercial basis.

    He thus dropped the idea and thought of manufacturing cars for masses rather targeting the elite community of society. At that time, horses were donated to Haffkine Institute in Mumbai, a government owned firm that manufactured vaccines using horse serum.

    Cyrus Poonawalla – Business idea

    Cyrus noted the scope in the serum industry and decided to take upon the challenge of producing vaccines by extracting horse serum. He aimed at availing these vaccines and supplying it across the country at affordable prices.

    He raised $12,000 along with his brother Zavaray by selling horses and requested their father to contribute the required capital. In 1966, they eventually established their venture on a 12 acre plot and started manufacturing vaccines.

    Cyrus Poonawalla – Cyrus Poonawalla Group

    Cyrus founded the Cyrus Poonawalla Group and serves as its Chairman. The biotech firm, Serum Institute of India is also founded by him and it is a portal of the Group. The Cyrus Poonawalla Group of companies deal with pharmaceuticals & biotechnology, finance, clean energy, hospitality & reality, and aviation. The company is headquartered in Pune, India.  

    The group runs several companies across diverse sectors like, Poonawalla Finance, Bilthoven Biologicals, Poonawalla Aviation, Villoo Poonawalla Greenfield Farms, Poonawalla Clean Energy, Poonawalla Hospitality and Real Estate. The company also runs philanthropic firms like, Villoo Poonawalla Foundation, Adar Poonawalla Clean City Initiative, and Tennis Academy.

    Cyrus Poonawalla – Serum Institute of India

    Cyrus founded Serum Institute of India (SII) in 1966 with an aim to manufacture life-saving immuno-biologicals in India. The company is recognized as India’s No. 1 biotechnology firm with the world’s largest vaccine manufactured, produced and sold globally.

    The company launched its first therapeutic anti-tetanus serum within two years of the establishment. Gradually, they started manufacturing DTP vaccine, Measles vaccine. SII is presently India’s leading Biotech company and is currently exporting vaccines to more than 140 countries across the world.

    His son, Adar started serving as the CEO of SII from 2011 and he expanded the business with new licensed and pre-qualified products by the World Health Organization (WHO) to supply it to the United Nations Agencies.

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    Cyrus Poonawalla – Poonawalla Stud Farms & Horse Racing

    The Poonawalla Stud Farms was owned by his late-father and he used to ran house racing and breeding industry. The farm is currently handled by Cyrus and his brother. It is one of the leading stud farm in the country.

    He solely represented India at the International Federation of Horse Racing authorities and was a member of the Asian Racing Federation (ARF) for more than 10 years. He held various positions in the horse racing field like, Chairman, Turf Authorities of India, Vice Chairman of Asian Racing Federation, and Royal Western India Turf Club etc.

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    Cyrus Poonawalla – Honors & Awards

    • He received the fourth-highest civilian award, Padma Shri by the President of India in 2005.
    • On 20 November 2007, he received the Ernst & Young “Entrepreneur of the Year 2007” under the category of Healthcare and Life Sciences.
    • On 5 February 2015, he received the Ernst & Young “Entrepreneur of the Year 2014”.
    • On 3 June 2018, he was conferred with the Honorary degree of Doctor of Humane Letters by The University of Massachusetts Medical School.
    • On 26 June 2019, he was conferred with the Honorary Doctorate of Science by the University of Oxford.

    Frequently Asked Questions – FAQs

    Who is the CEO of Serum Institute of India?

    Adar Poonawalla, currently serves as the Chief Executive Officer of Serum Institute of India.

    What is Cyrus Poonawalla net worth?

    As of January 2021, Cyrus Poonawalla has an estimated net worth of $11.50 billion.

    Who is Naum Koen?

    Naum Koen is an UAE-based Israeli-Ukrainian businessman and philanthropist who is the founder and CEO of NY Koen Group.

  • Caliverse—Creating Calisthenics Fitness and Social Networking App

    Caliverse is a calisthenics fitness app that provides more than 200 exercises with professional videos and descriptions. Users have free access to more than 70 professionally made workouts and more than 10 workout plans. Of course, tracking progress, competing with other users, and participating in a live workout session with coaches. This all is available in the app.

    Read this article to know more about Caliverse, app, Calisthenics, Bodyweight Workout, Calisthenics App, Fitness App, services, founder, business model, revenue, wiki, and future plans.

    Caliverse – Company Highlights

    Startup Name Caliverse
    Headquarter Riga, Latvia
    Sector Health & Fitness
    Founder Daniels Pitkevics
    Founded 2019
    Website caliverse.app
    Contact info@caliverse.app

    Caliverse – About & How It Works
    Caliverse – Target Market Size
    Caliverse – How was Caliverse Started?
    Caliverse – Product/Services
    Caliverse – Founders & Team
    Caliverse – Business Model & Revenue Model
    Caliverse – Startup Launch
    Caliverse – User Acquisition & Growth
    Caliverse – Startup Challenges
    Caliverse – Future Plans
    FAQ’s
    Conclusion

    Caliverse – About & How It Works

    Caliverse is a calisthenics fitness app that provides more than 200 exercises with professional videos and descriptions. Users have free access to more than 70 professionally made workouts and more than 10 workout plans. Of course, tracking progress, competing with other users, and participating in live workout sessions with coaches. This all is available in Caliverse.

    Caliverse Features
    Caliverse Features

    Caliverse is working together with the largest calisthenics community in the UK – United Calisthenics Group – and together the big goal is to make calisthenics more popular and accessible to everyone. The company believes that lack of knowledge is the biggest problem in calisthenics and Caliverse is here to fix this.

    Name, Logo & Tagline

    “I knew that I want to make an app that is accessible to everyone in this universe so after some hard time thinking the name, when I was trying to fall asleep I came up with this name – Caliverse. Calisthenics for the whole universe”, says Daniels about selecting the name for the app.

    Caliverse Logo
    Caliverse Logo

    Caliverse – Target Market Size

    Caliverse is in health and fitness industry which is huge – more and more people are starting to do some sports activities because their everyday life requires to sit in the office for the whole day. Hundreds of millions of people are willing to work out on a daily basis. And it is targeting some part of this user base.

    One of the biggest calisthenics mobile app – Freeletics – has more than 20 million users. And of course, there are many other calisthenics apps out there. My guesstimate is that the calisthenics industry has more than 100 million users. And this market size is big enough to work hard.

    Calisthenics and fitness, in general, are not going anywhere – people will do sports more and more. At the moment this is a suggestion to do but it might become a mandatory thing told by doctors if people want to keep their body healthy in upcoming years.

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    Caliverse – How was Caliverse Started?

    Daniels Pitkevics, the founder of Caliverse, started doing calisthenics a few years but was jumping on and off training – couldn’t really get into the right routine, didn’t knew much about calisthenics in general and couldn’t find the right information source which he really enjoyed using. Tried out many different calisthenics apps, like, Freeletics, Calisteniapp, MadBarz but no one was perfect for him. And since he is a programmer himself, he just thought – “why I am not making an app that suits my needs myself?”

    So Daniels started working on the app. In a random coincidence, he met United Calisthenics Group who helped him with making content, and at that point he understood that it is actually doable. So, half a year later, Caliverse was released. And now, when the team is celebrating it’s 1st birthday, they have got really far and that is only because of the great people in the company.

    Caliverse – Product/Services

    Caliverse teaches users how to do proper calisthenics training – how to perform each exercise, how to structure a workout, and workout plan. Live workout sessions help users to learn from professional coaches all around the world and of course to have someone if they are doing the exercise correctly.

    Caliverse - App
    Caliverse – App

    “Our biggest focus is to give users this feeling that they always have a person to contact in case of questions – these persons are Caliverse coaches. No other calisthenics app out there does that. And we are doing it for free”, says Daniels Pitkevics, CEO of Caliverse.

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    Caliverse – Founders & Team

    Caliverse initially was made by only Daniels Pitkevics. The content was given by his friends – United Calisthenics Group. It was like that for around 6 months before it was released and 8-9 months after.

    Caliverse - Team
    Caliverse – Team

    Then, when Caliverse started to grow bigger, more than 10 000 users were using it, he was in a way required to find a person that can help hi, more than providing content and of course, a person who could help him to take the company to the next level.

    So, meet Cambo, a friend of the founder, part of the United Calisthenics Group, and a professional athlete and coach. He is a big help with content, ideas, social media, business, and user support. Having Cambo on board was one of the best decisions.

    But of course, there are many people involved. Woj, coach, and owner of his own gym – Calisthenics Basingstoke – does a great job running weekly handstand series, promoting Caliverse, and coming up with some super cool ideas on how to make it even better. And others – Paddy, Eddie, Danny, Ibby, Ali, Sherman, Ben, Jacob, Aaron – they all have participated in making Caliverse what it is now.

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    Caliverse – Business Model & Revenue Model

    At the moment everything is free and without ads – even live workout sessions with coaches. Monetization part is what the team is thinking of but nothing to announce public yet.

    Caliverse – Startup Launch

    Getting the first 100 users was sort of easy – friends, family, people that were targeted by United Calisthenics Group. That basically covered first 100 users.

    Caliverse – User Acquisition & Growth

    The company hasn’t basically spent anything on marketing. There are some random test ads for $10 that basically did nothing. A few giveaways that also didn’t attract many users. It was hard work by making new features, being active on social media, and open to every question users have.

    There have been 3 biggest jumps in users –

    • First was when Calisthenics 101 wrote a blog article that included a review on the most popular calisthenics apps and had Caliverse there.
    • The second was due to COVID-19 pandemic – it made everyone be at home without any gym access so people were searching for ways to workout at home and Caliverse is offering exactly that.
    • The third jump was quite recent and it is a big one but Daniels still have no idea why it happened 🙂

    Caliverse – Startup Challenges

    Most challenging is time planning – Daniels work full-time, He has a wife that he wants to spend time with, he is doing workouts at least several times per week and has to find the time to build Caliverse. But it can be done.

    “Now, I really can tell that there is no such thing as ‘I don’t have time for that’. People don’t have time only for things they don’t really want to do. If there is a will, there is a way”, says developer Daniels.

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    Caliverse – Future Plans

    It is Caliverse’s first birthday on July 17 so the team was gathering some statistics. One of the most impressive – more than a million push-ups have been done through the app. It now has approximately 20,000 users, several thousand users are using it every week. Only 8 countries in the world are not using Caliverse, so it has covered basically every place.

    The goal for this year is to have 100,000 users. Of course, the plan is to introduce some features that might bring some income – this is crucial if the team wants to make Caliverse a world-class fitness app because everything costs – designers, programmers, marketing, etc.

    FAQ’s

    What is Caliverse?

    Caliverse is a calisthenics fitness app that provides more than 200 exercises with professional videos and descriptions.

    Is Caliverse free?

    At the moment everything is free and without ads – even live workout sessions with coaches.

    Who is the Founder of the Caliverse App?

    Caliverse initially was made by only Daniels Pitkevics. The content was given by his friends – United Calisthenics Group. It was like that for around 6 months before it was released and 8-9 months after.

    What is Caliverse about?

    Caliverse teaches users how to do proper calisthenics training – how to perform each exercise, how to structure a workout and workout plan.

    What is Caliverse Mission?

    Calisthenics for the whole universe – this is their mission and this is Caliverse.

    5 Indian Cricketers in the Startup World
    Startups are a hard cookie to bite in. But for these Indian cricket players, itis just another pitch to show their talent. With the kind of dedication,practice, passion, and talent they have achieved the best in both the fieldsnamely sports and business [https://startuptalky.com/tag/business-2/].…
    StartupTalkyVidhi Punamiya

    Conclusion

    Calisthenics for the whole universe – this is their mission and this is Caliverse. Giving a chance for everyone to learn what is calisthenics and how to perform it correctly – Caliverse friends United Calisthenics Group will show exactly how everything is done!

    Since January, 2019, the team is working hard on this project – to build a world-class level mobile app with exactly those features that you might be looking for. And they are now live on both App Store for iOS devices and Play Store for Android devices! The Team would be grateful that the users could send the core features, you think Caliverse lacks.

    Don’t hesitate to contact us through our Facebook or Instagram pages or contact form at the bottom of this page.