“Rules of Hiring #1: If there is doubt, there is no doubt. Rules of Hiring #2: Always hire people who are smarter than you.”
-Sachin Bansal, Founder of Flipkart
Shashank ND | Inspiring Indian Quotes
“Never hire someone to do your initial sales. In fact you should acquire your first hundred customers yourself”
Quoted by- Sashank ND, Founder of Practo
Abhishek Goyal | Inspiring Indian Quotes
“Raise money from investors who are more excited about the BUSINESS or MARKET than the TEAM. They can help discover amazing opportunities”
Quoted by- Abhishek Goyal, Founder of Traxcn
Kunal Shah | Inspiring Indian Quotes
“I strongly believe all students should have a startup during college. Doesn’t matter if successful or how big or small. Worst case scenario it will make them 10x better employee than someone with no exposure to how a business works”
“If you fully accept the worst that can ever happen in your journey, fear won’t ever be an obstacle in starting-up”
Quoted by- Kunal Shah, Founder of Freecharge
Kunal Shah is the founder of FreeCharge, which recently got acquired by Axis Bank for $60 million. Before that, Snapdeal had acquired FreeCharge in the year 2015 for about $400 million. He has done his MBA from Narsee Monjee Institute of Management Studies and studied at Wilson College, Mumbai.
Girish Mathrubootham | Inspiring Indian Quotes
“Building a company is similar to building a product. Culture is the UX for employees & Support is the UX for customers.”
“Don’t be a jerk! Even if you are brilliant, don’t be a brilliant jerk.”
Quoted by- Girish Mathorrobootha, Founder of Freshworks
Girish Mathrubootham is the founder of Freshworks which is a software-based service company. Prior to this, he was the VP of Product Management at ZOHO Corporation.
Rahul Yadav | Inspiring Indian Quotes
“There is no secret ingredient. To make something special you just have to believe it’s special.”
Quoted by- Rahul Yadav, Founder of Housing
Shradha Sharma | Inspiring Indian Quotes
“It’s a long long road. Sometimes all you need are people who pat your back and say, carry on. Thank you to everyone who encourages.”
Quoted by- Sharaddha Sharma, Founder of Yourstory
Ritesh Agarwal | Inspiring Indian Quotes
“Building predictability on top of market place economy is how new age businesses will get built. Super excited”
“It is extremely important to build something that a 100 people absolutely love using rather than making something that a 1000 people would just, kind of, like.”
Quoted by- Ritesh Agarwal, Founder of OYO
Ritesh Agarwal is founder of OYO which is India’s largest marketplace for branded and budget hotels. OYO Rooms worth over $1 Billion. He began working on the project in 2012. Agarwal started his venture in Gurgoan and it is now spread in 230 cities in India and also in countries like UAE, Nepal, China and many others.
Kunal Bahl | Inspiring Indian Quotes
“Scale is important for a startup. Think big, but take one day at a time.”
Quoted by- Kunal Bahl, Co-Founder of SnapDeal –
Co-founder of Snapdeal, Kunal Bahl, did his schooling from Delhi Public School, R.K. Puram and went to Wharton School of Business, University of Pennsylvania. He and his friend Rohit Bansal launched this Indian startup in 2010. He worked with Microsoft at the beginning of his career. Today, his e-commerce platform is a huge success and is competing with Amazon and Flipkart.
Deepinder Goyal | Inspiring Indian Quotes
“The fundamental model of our business is that in mature markets we should make profits and they shouldn’t need any more outside money to grow.”
Quoted by- Deepinder Goyal, Founder Zomato
“If you want to walk fast, walk alone. But if you want to walk far, walk together.”
“I don’t believe in taking right decisions, I take decisions and make them right.”
Quoted by- Ratan Tata, Chairman of Tata Group
“However big or small, make it a good business, make it a clean business, make it a business you are very proud of.”
“Today I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself”
“It is important to achieve our goals, but not at any cost.”
Quoted by- Mukesh Ambani, CEO & Chairman of Reliance
“If people are not laughing at your goals, your goals are too small”
“Leadership is the self-confidence of working with people smarter than you.”
Quoted by- Azim Premji, Chairman of Wipro
“Whether ecommerce companies make money or not, these logistics companies make revenue which is guaranteed for them by ecommerce transactions.”
Quoted by- Arvind Singhal, MD of Technopak
Arvind Singhal is graduate from IIT Roorkee and did his MBA from UCLA, USA. It is India’s leading Managing Consulting firm focusing on retail, consumer product, fashion-textiles and apparel and many more.
“The trade market is the place with the least scope for emotions, especially of fear and greed.”
Quoted by- Rachit Chawla, Co-Founder of Finway Capital
Rachit Chawla from Aston Business School has done his Bachelor’s in Commerce. He is the co-founder of Finway Capital. Finway Capital talks about loan funding. It funds people and helps creating wealth and give personal loans and insurance.
“Entrepreneurship is akin to riding a dragon – there are more ups and downs than you can ever imagine. But every challenge on the way only makes you stronger, and every failure only bears new learnings.”
Quoted by- Yatin Hans, Founder of Bigsmall
Yatin Hans, Bigsmall.in which promotes gifting culture in India. It gives unique and fun gifts to the Indian public. He has done his schooling from Heritage School and B.Com Honours from Delhi University. He later went to ESADE Business School to complete his Masters in Marketing.
“Human capital is the most precious of all forms of capital available”
Quoted by- Ajay Ramasubramaniam, Ryerson Futures Inc.
Ajay Ramasubramaniam, Director of Zone Startups, is promoting Indian operating system as well as initiatives including corporation innovation programs and thematic accelerators and has raised around Rs. 150 crores. He has done his MBA from Mumbai University in Finance and Marketing.
Crimes against women has been a worrying scenario all over the world. As we celebrate the International Women’s Day, women’s safety and integrity is an agenda on the portfolios of many campaigns. Amongst others, a corporate setting too can be a place for foul play with women.
Sexual harassment or sexism at workplace has been a key concern amongst women employees. Every company is implied to set up a committee to readdress the same.
How deep does this problem run in organisations? is the committee really effective in addressing this issue? Have they ever faced it themselves? We find the answers to these questions as we speak to the women in the industry.
Dr. Shikha Baghi Bhandari – CEO & Owner, Timeless Aesthetics
Dr. Shikha Baghi Bhandari – CEO & Owner, Timeless Aesthetics
Sexism is everywhere and of course I have faced it in my career early on where people were not even subtle about their prejudices. Blatant disregard of my education and skills despite me being a specialist in my field, were simply demoralizing.
To combat that, I excelled in my field and proved to people that I am the best. It may sound sad or unfair that men do not necessarily have to prove their skill like women, but to change people’s views, one must unequivocally become the best in whatever they do.
I am glad to say that I have risen to the challenge and made a name for myself. Now it’s time to inspire the youths and my peers. That is why I am expanding my operations by opening clinics in many cities. This will create opportunity for many who don’t have to worry about roadblocks like sexism or pay gaps.
Hardwork requires more than heart, one must be tough enough to face life’s challenges. Women must work hard to reach certain heights where they get to make the rules. Once that is accomplished, sexism will be eradicated from it’s root.
The most important thing to remember is to not repeat what men have been doing. Our priority has to be equality across the board.
To those who are feeling down, I say this, “Never lose focus and prove them wrong, because you can”.
Unfortunately, but thankfully, I’ve had only one experience wherein a certain client tried to undermine my ability to run my practice based on my gender. That’s when I decided it’s best to cut ties with a client who was more focused on my gender than my work quality. Sadly, I know of several independent women who run successful businesses who have been victims of similar instances.
This is why it’s important that women set the right expectations from the very beginning. It’s also important that women through their demeanour and conduct demand to be treated equally and rightfully. One can be polite yet assertive while putting a point across and these small measures can have a huge impact in the way a team or a client would approach you.
However, for this, it’s also important to adopt a professional conduct while interacting with team-members and clients. This could be in the smallest sense – avoid conversations post a certain hour (unless absolutely necessary), avoid conversations that disclose private matters, be mind of email etiquette; body language; tonality, dressing in a certain way, etc.
Unfortunately, one to many times. Being in the industry I am, its shameful to say that its very common. People are more responsive when it’s a girl on the opposite call, rather than when it’s a man.
Even if the man is a Rockstar in sales, the girl has more chances of getting through because of the notion that has become the untold truth that sexism sells.
As I said, we do everything we can to promote gender equality, and infact we have more male BD’s than female, and we also send our female employee to the production site, so not only they understand what’s happening, but also they become stronger as a person when they are in the field.
Although I was running an organisation, during the initial few days I have experienced sexism. It was evident in the little things that the artisans in my workshop would do, like be hesitant to take orders from a woman and expect a male to be a decision-maker.
When I started my business, it was my passion project but these small things that you face can be bothersome in the beginning. It took me some time to get used to being comfortable in my role and I have managed to train and, even change my workforce wherever necessary.
It was mandatory to make those difficult decisions and hold my ground whenever necessary to make my workplace conducive not only to me but also to other women artisans.
When it comes to business, nothing can fully prepare you for challenges, you have to face them and if you don’t rise above your difficulty it makes your survival in the industry strenuous.
To maintain a healthy and functional workspace, I treat all my artisans and employees with respect and expect the same from them but if I feel someone is being sexist at my workspace, rather than turning a blind eye to it, I chose to have a conversation with them even if it gets uncomfortable.
If I don’t stand up for the things I believe in, I can’t expect anyone else to. I have to be the change I want to see.
I think a lot of women are still hesitant to show their confident side to the world because of the scare of how people will react, I think every woman who works at my organization is given equal rights to voice their opinion and to express their thoughts.
I think listening to everyone and not over talking helps an individual grow, because it helps you look beyond the judgmental instincts that you might have otherwise.
The world has become a more inclusive place now and what matters are the skill set and the dedication to bring to the table, it’s no longer whether you are a man or a woman.
I have never personally faced any sexism at my workplace and I am working towards building a secure environment for every individual who is working with me.
For me, it’s always been an evaluation of a role based on performance and giving everyone an equal opportunity at work. Alongside we have a very detailed clear guidebook for what is considered acceptable behavior.
No, I haven’t faced such issues in my workplace. In general we can’t say it’s not happening in the workplaces but it’s considerably reduced nowaday through awareness programs and organisation’s initiatives.
Women should be strong enough to voice out without any fear if such cases happen in their workplace so that we can take proper action.
In our startup we ensure that we will be alway open to hear such feedback from anyone in workplace and will take action on such cases if it’s reported in our workplace and also its individual men’s responsibility to treat their female coworkers as a friend and ensure their safety, only then we can make sure not to happen in any workplace.
Naina Aggarwal Ahuja – Founder & COO, Talking Point Communications
Naina Aggarwal Ahuja – Founder & COO, Talking Point Communications
I took the plunge as an entrepreneur at quite a young age when most people would rather get into a comfortable corporate job.
My work is all about managing people’s reputations and communicating a brand’s messaging aptly to its target audience. This means I practically work round the clock.
Being a woman makes this a tad bit more challenging given the different things I need to balance on a day-to-day basis – from running the company, being the trustee of an NGO, managing home, and also finding the time to follow my passion.
However, what has kept me going in all these years is my ability to prioritize, set the right expectations across all aspects of my life, and staying true to my commitments.
I think being at the helm of affairs does not have anything to do with gender. It is about believing in what you have set out to achieve and going full-steam ahead with diligence and perseverance. Even during COVID-19, when most business sectors suffered a setback, I did not let it deject me. We kept it going and tried to look for newer avenues in times like these.
Dr. Malini Saba – Founder & Chairman, Saba Group
Dr. Malini Saba – Founder & Chairman, Saba Group
Sexism at workplace happens every day in a lot of small things; it is slow & toxic, a death by a thousand cuts. Positioning at predominantly held male dominated space is not been easy.
I have met the best minds and the worst, frauds and cons, been fooled & bullied, sexually harassed and assaulted. I focus on hiring mainly women to create a culture for women in all ‘boys club’.
The pandemic has intensified sexism challenges that women already face, working mothers have always worked a “double shift”—a full day of work, followed by hours spent caring for children and doing household labour. Now the supports that made this possible—including school and childcare—have been upended.
To curb sexism at workplace was not just about having one issue fixed, we tried addressing all the small things that add up to a bigger problem for women to succeed at work. We allow flexible work arrangements and focus on productivity and results, and not time spent at the desk. We support pay transparency & ensure that there are no gaps in our workplace by doing a wage audit.
We hold regular events, workshops, campaigns and also engage outside speakers to conduct sessions on discrimination, harmful behavior, defending & supporting women and building trust. To liven up these sessions we incorporate them into company retreats or other outings to associate it with fun events. We have expanded our services related to mental health, such as counselling and enrichment programs, and give training to help managers support the team mental health and well-being.
Chahat Aggarwal- Founder and CEO of Impact Study Biz
Chahat Aggarwal- Founder and CEO of Impact Study Biz
Yes, I have faced sexism in the workplace and I can go on and on about it. Sexism sometimes is so subtle that many a time one is left wondering if it really was sexist or is overthinking it. But trust me, 9/10 times it is sexist. And then there are situations of blatant in-your-face sexism. I remember once sitting in a meeting where a man kept talking to the male colleague throughout the meeting whilst completely ignoring me. It was supremely awkward to sit there and be treated invisible.
Coming to the second part of the question. Firstly, we are a women-led company. We have women across all functions and hence, I feel we subconsciously are ingrained with the principles of discouraging sexism in a big way. However, if someone feels they have encountered it, we give them complete right to red flag it then and there. No need for any further process. And of course, we will make sure to look into the matter thoroughly and take the appropriate actions. But luckily, so far our culture has steered us away from all such incidences.
Although this happens to both the genders, women are more susceptible to sexism and workplace harassment. Giving their promotion to a male worker or luring them into an early promotion offer, sexual favours for quid pro quo are some of the common incidents reported by employees.
Sexual harassment at workplace can be unnerving and can jeopardize the confidence and self esteem of the person going through it. An open door policy, a solid readdresal structure and empathy towards the victim are the key essentials to prevent the unthoughtful at source.
India has mostly been a male-dominated society and women in India have always been fighting for equality. There are a lot of issues persisting in India like female infanticide and child marriage. Women don’t actually feel safe in India. This is not just in India and is common in different countries and on the whole, the world is moving towards building a society that respects and treats women equal to men.
With these issues, the Government of India is working on empowering women using various schemes. Now, we can find a lot of women trying to come out into the world in spite of having a conservative background. Most girls have access to a good education. Government of India has brought a lot of schemes into existence to make this possible and has been a huge contribution to this. Here are a few schemes introduced by Government for women empowerment.
A Few Schemes Introduced By The Government Of India
Bhartiya Mahila Bank Business Loan
Women are making mark in all the fields. Although a huge number of women have emerged to be successful, there are plenty who needs motivation and support to start or continue their venture. Bhartiya Mahila Bank Business Loan is scheme that supports women by giving them loan upto Rs.20 Crore. This bank has the vision to provide economic empowerment to women. The loan limit via this source is Rs.20 Crores.
Mudra Yojana Scheme
It is a Government of India initiative that provides business loans to women who want to open day-care-center, beauty salon or a small venture like these. The loan granted loan amount lies in Rs.50,000 and Rs.50 lakh. Also this scheme does not require any collateral or guarantor if the loan amount is below 10 Lakh. The women are given Mudra cards with which they can withdraw 10% of their loan.
Annapurna Scheme
Most of the Indian women have a talent of cooking delicious food. This loan is provided to women in the food catering industry, still establishing their small scale businesses. The loan allows these women entrepreneurs to avail it as capital requirements like buying equipment and utensils, setting up trucks, etc. Under this scheme, women can sell packed food items and snacks which is one of the most common businesses that women entrepreneurs scope out and excel in since it is something that housewives have been managing all their lives and are accustomed to. This boosts their sales since they have a chance at better capital and new products to kickstart their business than they could otherwise afford. The loan limit is Rs. 50,000 under the scheme.
Dena Shakti Scheme:
This scheme is limited only to women entrepreneurs in the fields of agriculture, retail, manufacturing, are small enterprises The maximum limit is decided according to the sector they are exploring or planning to open business in. The loan limit is Rs.20 Lakhs
Pradhanmantri Rojgar Yojana:
The Pradhanmantri Rojgar Yojana (PMRY) supports women financially and socially. This scheme aims at creating skill-based, self-employment through women entrepreneurs and smart minds at work being utilized for monetary independence. This scheme covers both urban and rural areas and was developed through several amendments in cost, eligibility, and subsidy limits. The loan subsidy amount is up to 15% of the project cost with an upper ceiling of Rs. 12,500 per borrower as a restriction. The scheme applies to all types of ventures in industries, trade and services. The age limit is 35 years and loan limit for business is Rs. 2 Lakh while for service and industry, Rs. 5 Lakh.
Udyogini Scheme:
This scheme provides loans with low rate of interest, comparatively less than skyrocketing private sector banks. This is only valid for those who have a family income of less than Rs. 40,000 per annum. They especially encourage loans in the trade and service sector and the cap amount for the same is Rs. 1 Lakh.
Mahila Udyam Nidhi Scheme:
This scheme aims to meet the gap in equity. It promotes MSMEs and small sector investments in different industries to grow and excel in their areas. This also encourages the reconstruction of SSI units that are deemed incapable but are actually viable to save. A period of 10 years is given to the debtor to repay the loan and the limit for the loan is Rs.10 Lakhs.
Beti Bachao Beti Padhao
This is a social campaign that was launched in 2015 and is run by the Ministry of Women and Child Development, the Ministry of Health and Family Welfare and the Ministry of Human Resource Development. The initial funding was about 100 crores.
The main reason for the government to come up with this scheme was that the child gender ratio kept declining majorly because of female foeticide and selective abortion. The main objective here was to save the girl child and also educate the girl child. This has proved to make girls financially independent and self-sustaining. With this scheme, girl child or birth of a girl child is celebrated and girls are encouraged to study and follow their dreams.
Ratio of male to female in India
One-Stop Center
This is a 24-hour helpline dedicated to women. This was implemented with the help of the Nirbhaya fund. These are established in multiple locations in the country and has various services. This includes a shelter for women, legal or medical help, counselling and so on. The toll-free number is 181. They also provide video call facility to people who need to record a statement for police complain registration. This can be used even in case of domestic violence and sexual assaults. This has hence proved to be useful and is a place where women can open up and come up with their problems and try to get a reasonable solution for the same.
Working Women’s Hostel
Not all women in India have a safe place to stay. With crime against women rising in the country, it is a requirement for women to have a safe place to stay and travel to work. Under this scheme, the government provides a safe place for working women with the family. It also provides facility for daycare for kids. This can be availed only if the gross income of the woman is less than Rs. 50,000 per month in metropolitan and less than Rs. 35,000 per month in other cities. This is a very successful scheme as statistics prove that nearly 66,000 women have benefitted from this and more than 890 hostels have been sanctioned. A minimal rent is charged from them depending on whether it is a single bedroom, double bedroom or dormitories.
Rajiv Gandhi National Creche Scheme For The Children Of Working Mothers
Services under Rajiv Gandhi National Creche
It is always difficult for working women to manage family and especially kids who are too young to take care of themselves. This scheme is for helping such women to take care of their children. This scheme provides daycare for the kids of working mothers. This is when the kid is 6 months old to 6 years old. The scheme also helps kids get better nutrition and hence improve the health of underprivileged kids. It has also proved to help kids develop emotionally and socially and also get some education.
Many working women find this very useful and try their best to utilize this as they don’t just take care of kids but also make sure that they are healthy and educated in the meantime.
SWADHAR Scheme
This is to help women who are going through difficult times. This is more of psychological support. For example, there are women who are released from jail, survived through disasters, trafficked and rescued, run away due to issues, widows left out of the family and so on. This scheme is to help those women survive and get back to normal. This scheme also supports women who are affected by HIV and mentally challenged. Women in these situations are given proper psychological treatment and support.
STEP here is short for Support to Training and Employment Program. This is to help women get themselves a decent paying job to support themselves and their family. They provide specific training to get a job or even become an entrepreneur.
Mahila E-Haat
Mahila E-Haat is to support women entrepreneurs. We know that there are a lot of women entrepreneurs in India now. This is an online marketing platform wherein entrepreneurs and Self-help groups can put up their products and let others know about it.
Mahila Shakthi Kendra
This is majorly for women in rural areas. This scheme was launched in the year 2017 to develop the lives of rural women. There are a lot of women, especially in rural areas who do not have the access to proper education and skill development. Under this scheme, women get access to digital education, nutrition, health and even skill development. They also get a chance for employment.
There are a lot of other schemes too. Government has been doing a lot towards developing women and ensuring the safety for women. There is not much awareness of most of the schemes yet. Promoting awareness of these can help women a lot in developing themselves and their family. Employment opportunities for women and mental support have now become essential for most of the women in the country and the Government of India is doing a good job with it. Better awareness and proper usage of these schemes can be a huge advantage.
In a world where we want to believe we are marching towards gender equality, we many times have come across several disparities and unfair impediments that one gender encounters. Uh, no, that gender is certainly not the men. It has been implied that women, being inflicted with slangs of a weaker gender, and to go as far and call it the reproductive machine.
Not long ago when I was a teenager, I came across the gender bias in my own household. Yes, gender disparity starts at home. Many of these disparities have been engraved upon us as little kids. But the sad reality is that as grown ups, independent adults, women still take this burden and are barely aware of it. Women have come a long way from fighting for an education to getting a degree and having a paid job.
Women are executives, managing directors and CEOs. But little do we know that women, who are now making their own money are being extorted under the name of Pink Tax, just because, we’re women? Well it’s not exactly a tax per se. It’s just another disparity women deal with.
There are navy, blue and black colored packaging for products traditionally marketed for men. Meanwhile it is hard to miss the pink, lilac, purple packaging for roughly the same products traditionally intended for women. Razors, face wash, Shampoos, deodorants etc. are essentials used by both the genders. So what are freighting about? One subtlety that we seem to ignore is the price tag.
The products commonly used by men and women are differentiated based on an age-old PINK and Blue basis but its interesting (and disappointing) to see that these products, although being identical, are not priced equally. Women products are charged higher than men products. This disparity, or the upcharge that women pay on essential products, is called the PINK TAX.
In a study called Cradle to Crane, published by the Department of Consumer Affairs, New York, after studying 800 products across genders and their variations, it was found that women paid 7% additional costs on essentials compared to costs paid by men on similar products. This price difference grows higher to 13% when it comes to items of personal care.
When observed, this price gap is evident in all the shopping categories such as 8% more on women’s clothing, 7% more for toys and accessories, 4% more for children’s clothing and other things that are intentionally marketed for women. Retailers have gone as far as pricing medicines differently just by changing the color of the packaging to pink and adding words like soft and gentle.
Not just products, but salon services too, offer different prices for the same services. When enquired about the same, most salon owners have given ridiculous explanations such as women have longer hair, difference in salon training or simply “this is how it is”.
We have to talk about the tax levied on sanitary napkins and menstruation products when we talk about the pink tax. Menstruation is a natural phenomenon and products related to it have been categorized as luxury items. In the wake of GST introduction in India, the tax on sanitary pads was 12%, that’s more than any other essential item.
In a report published by the NGO Dasra called ‘Spot on!’, it was found that nearly 23 million girls drop out of schools every year because of lack of access to hygienic menstruation facilities, including sanitary napkins.
Only 12% women have access to Sanitary napkins in India
Even after an uproar by activists to cut down taxes on essentials such as sanitary napkins, things have remained the same. In an interview with the Indian express, Mrs. Funnybones aka Twinkle Khanna stressed on the importance of sanitary pads being tax free. “For some strange reason India has 12 per cent GST on sanitary pads. Which is shocking.
Apparently, there are no taxes on brooms. I think they feel that women should keep their houses clean but it’s not as important to keep themselves clean.”, the writer said. She also pointed out that the lawmakers are 65 year old men who haven’t experienced menstruation and have absolutely no clue why sanitary pads should be tax free.
Marketing geniuses believe that men are more rational buyers and women are more gullible and emotional when it comes to shopping. According to them, women don’t mind paying a little extra money for roughly the same products.
Retailers have found a way to make things look exclusive for women by, well making them Pink. There is actually no difference, more or less, in the products marketed for both the genders.
Pink tax
The vast disparity could also be seen when it comes to weddings. The amount of money that goes into the making of a bride, (wedding apparel, jewelry) is far more than what goes into making a groom.
The retail market is hyper-segmented and wants to make profits at all costs. It is not entirely their fault since women are ready to pay these extra costs. Most of the active female shoppers are not even aware that they are paying more than their counterparts.
How can we Stop Falling for the Pink tax
One might say so what if women pay a little more for the fancy products they use? To those asking, the difference between a man and woman spending on clothes, cosmetics, footwear etc. amounts to $1300 dollars annually. That is a significant amount for any woman who is working hard to earn money.
If we want to overcome this price gap, here is what we can do
Refrain from retailers who levy extra costs
Go for an alternative version if the difference is not huge
Support companies who are into gender neutral pricing
FAQ
Is the Pink Tax Ethical?
No, Pink tax is not ethical because it is unfair.
What does the Pink Tax include?
Pink tax includes the extra amount of money women pay for specific products or services.
How long has Pink Tax been around?
Pink tax has been around for decades.
Conclusion
The pink tax levied on women makes it worse for them as they are already being paid less than men. Women are still battling the gender pay gap on all fronts. It is a fact that not all women are aware that they are being compelled to pay more. The pink tax hasn’t been a rage amongst working women as they are oblivious to its existence.
This disparity has to be addressed and resolved because women are working as hard as men but spending way more than them. This imbalance will entail women being the weaker gender all along, which is not just unfair, but unacceptable.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by Oxfordcaps.
Millennials are on the top of co-working and carpooling. With that, there’s also a huge rise in the demand for co-living areas in and around India. This trend is at the top of current housing trends in the country and youngsters are all over it. With the vision of providing co-living spaces, Annu Talreja and Priyanka Gera came together to launch Oxfordcaps residencies in 2017.
Lets go through the Success Story of Oxfordcaps along with getting a glance on Oxfordcaps founders, funding, How it started, competitors & more..
Oxfordcaps is Asia’s No. 1 branded and tech-enabled student housing company and provides a hassle-free and technology-driven living experience to Gen Z students in India and Singapore. This venture provides a custom-designed and standardized Student Housing product with a full-stack model of services and amenities including Wi-Fi, laundry, nutritious meals, professional housekeeping and an array of events and activities focused on career development and lifestyle for its students. The projects and services are standardized within the Oxfordcaps brand services guidelines, providing a transparent, hassle-free and safe alternative to a market dominated largely by the unorganized PG (Paying Guest) segment to date. They operate via three sub-brands and cater to students across price segments including Oxfordcaps Premium Residences, Oxfordcaps Student Residences and Oxfordcaps Dorms for the budget segment.
Oxfordcaps Logo
All the Oxfordcaps residences are equipped with top-notch security features like CCTV Camera, biometric access and 24×7 security guards. Also, they serve FSSAI quality food at all Oxfordcaps residences. Oxfordcaps focuses on hygiene, taste, and variety when it comes to food. And they have a strong operations team, including F&B experts. There is a quality check at every point. For menu planning, the team takes feedback not only from the students but from their parents as well. Oxfordcaps also provides wholesome delicious vegetarian, non-vegetarian and Jain meals along with late-night meals.
The market size is estimated to be $15 billion with more than 10.4M students across India migrating to cities every year to pursue their academic dreams. However, student housing today suffers from a high level of fragmentation, lack of quality solutions, price transparency, reliability and complete lack of technology enablement of processes.
Oxfordcaps is addressing this gap and aiming to meet the unmet demand. The market in Singapore is equally appealing to addressing student accommodation needs of international students from the Americas, Europe, and Asia.
Oxfordcaps – Founders and Team
Annu Talreja and Priyanka Gera are the founders of Oxfordcaps.
Priyanka Gera (COO) and Annu Talreja (CEO), Founders of Oxfordcaps
Annu Talreja (CEO & Founder, Oxfordcaps)
Annu is a student of Sushant School of Art and Architecture, Gold medalist at School of Planning and Architecture and has completed a Master’s Degree at INSEAD
Priyanka Gera (COO & Founder, Oxfordcaps)
Priyanka is an IIM-Calcutta and School of Planning and Architecture alumni. The idea of creating a branded chain of student accommodation germinated while she was an architecture student in Delhi.
Oxfordcaps are hiring through LinkedIn, reputed colleges and industry references. Apart from basic CS qualifications like data structures, algorithms, and programming concepts, the team evaluates the candidates on their approach towards problem-solving. The final decision is based on the candidate’s overall performance and not just one skillset.
The idea of creating a branded chain of student accommodation germinated when the co-founders were students and finally after their experience in companies such as JLL and Marriott Group, they had a more definite and structured approach to solving this problem that plagues over 100 million students across Asia.
Oxfordcaps is Asia’s No. 1 branded and tech-enabled student housing company and provides a hassle-free and technology-driven living experience to Gen Z students in India and Singapore. This venture is looking to expand to 12+ cities and standardize our Student Housing product with design thinking and technology at the core of the experience. They provide a custom-designed and standardized Student Housing product with a full-stack model of services and amenities. The projects and services are standardized within the Oxfordcaps brand services guidelines, providing a transparent, hassle-free and safe alternative to a market dominated largely by the unorganized PG (Paying Guest) segment to date. They operate via three sub-brands and cater to students across price segments including Oxfordcaps Premium Residences, Oxfordcaps Student Residences and Oxfordcaps Dorms for the budget segment.
The Oxfordcaps founders come with international experience in managing student housing. The learnings from Singapore aside from their experience in managing 12+ Indian cities for the past year have made them more adaptive to the market needs. This international experience equipped them in designing spaces that meet international standards. Their focus on community building with regular events and engagements is highly appreciated and has a special affinity among students. The founder’s need for community building is deeply rooted and is also reflected in the way they include community spaces in their designs.
In 2019, Oxfordcaps announced that it is starting its operations in Bengaluru by acquiring 5000 beds in the city. This marks the Singapore based company’s foray into the South Indian market. Oxfordcaps has also exclusively tied up with IFIM Business School which is an industry first and one of its kind associations. The company will provide the best in class on and off-campus international standard accommodation for students studying at the business school. Oxfordcaps will also provide the best technology-enabled living experience to the students from 5 other key universities in Bengaluru including Presidency University, Reva University, R.V. College of Engineering, M.S. Ramaiah Institute of Technology, Christ University and NMIMS, in addition to IFIM Business School.
Oxfordcaps had also associated with Dharma Productions’ movie – ‘Student of the Year 2’. Student of the Year 2’ was one of the most awaited movies of the year amongst the Gen Z students. With Oxford’s expansion in cities such as Delhi, Mumbai, Dehradun, Pune, Indore, Bengaluru, Greater Noida, Ahmedabad, and Jaipur, this association helped the venture gain more affinity among the student community as well as position it as a preferred ally among our business partners.
Student Housing product has never been looked at from the lens of design thinking and technology at the core of the experience. The market size is estimated to be $15 billion with more than 10.4M students across India migrating to cities every year to pursue their academic dreams. However, student housing today suffers from a high level of fragmentation, lack of quality solutions, price transparency, reliability and complete lack of technology enablement of processes. Oxfordcaps is addressing this gap and aiming to meet up to the unmet demand of 36 million students pursuing higher education in India.
This industry is not at all untapped. It has major players in the marker possessing cut-throat competition for Oxfordcaps. Starting from Nestaway, ZiffyHomes, StayAbode, SimplyGuest to Placio, YourOwnROOM, RenyMyRoom, Rentroomiand a lot more in the startup ecosystem.
Oxfordcaps – Funding and Investors
Oxfordcaps has raised US$10.4 million. The investors include 500 Startups, Times Internet and Kalaari Capital. Also, there is an ongoing discussion on Series B round of $50 million. The new capital will be used for fueling the company’s growth with expansion into 10+ cities and standardization of its Student Housing product with design thinking and technology at the core of the experience.
Oxfordcaps has started tapping the opportunity and has clocked a 75X growth in less than 11 months since its launch in India and has expanded from 200 beds to over 15,000 beds to date.
Oxfordcaps – Awards
Entrepreneur India – Real Estate Startup of the year
BW Businessworld – BW Disrupt 40Under40 “Prominent change-makers under 40”
By 2021, the company aims to redesign the Student Living experience across Asia with over 2 lakh beds. The venture aims to grow its presence in India to over 1 lakh beds across 35 cities encompassing all major education hubs.
Oxfordcaps – FAQs
Who are Oxfordcaps Founders?
Annu Talreja and Priyanka Gera are the founders of Oxfordcaps.
What is Oxfordcaps?
Oxfordcaps is Asia’s No. 1 branded and tech-enabled student housing company and provides a hassle-free and technology-driven living experience to Gen Z students in India and Singapore.
Who are the top competitors of Oxfordcaps?
Nestaway, ZiffyHomes, StayAbode, SimplyGuest to Placio, YourOwnROOM, RenyMyRoom, Rentroomi & more are Oxfordcaps’ competitors.
We find all sorts empowering posts flying around social media when women’s day is around the corner. No, this article isn’t going to talk about the same old mediocre state of women in the Indian ecosystem. Well we’ve certainty risen above that. We are rather going to be talking about how the women workforce is at it and shattering the society glass ceiling and climbing the corporate ladder one step at a time.
Although social media tries to push the feminine button a dozen times, what we know is a drop in the ocean. The state of Indian women in corporates is notably growing but the pace is that of the tortoise who wins slowly and steadily.
It is safe to say we have come a long way from assuming that women were only confined to kitchens and producing babies. Especially in India, where so many women have little to almost no agency to take career oriented decisions, corporate offices still experience male dominance.
According to the Fortune 500 list published in march 2020, only 29 Indian companies had women at senior management and executive levels. The number has grown by a measly 6% in the past decade. Today, women own around 20% of micro scale business in urban and rural parts of the country.
In July 2020, more than 1.3 billion people will have lived in India. Women constitute 48% of this large figure. Women account for 19% of India’s total labor force. Around 3.8% are CEOs and Managing Directors of listed companies in India. This number has seen a slight uphill from 3.2% in 2014.
Whereas only 8% women are found to be in top management positions, 13.8% women are board of directors in companies listed on the NSE. Chief Human Resource Officers, a global domain where countries like the US and South Africa overrule positions, and India is still trying to reach a mark, women attributes are only 30%.
Smita V Krishna has been named the richest women in India with a net worth of 434 billion INR and Kiran Mazumdar Shaw was named India’s richest self made women and was ranked third in the overall ranking in 2019.
While we cannot stop raging about how Indian women are reigning top positions, we cannot forget the dip in the total female labor participation. One would rejoice as the country’s GDP has grown over 6% from 2014 resulting in more employment opportunities, but there has been a considerable decline in the rate of female labor participation, from 42% in 2005 to 23% in 2018.
It is as if half the female workforce just dissolved themselves. This could be a huge concern to the Indian Ecosystem, since it has abundant labor power and according to one estimate, India has the potential to grow its GDP by $2.9 trillion USD by 2050.
In 2019, only 78 of 542 seats in the lower house of the Parliament were filled by women. This is a record high figure. However, this percentage amounts to only 14% which is still a long way from equivalence.
Strength of Women in Lok Sabha
Stats Around the Globe
The global participation of women in senior management has grown to 29%, the highest number ever recorded. In 2020, it maintains the status quo. 87% of global mid-market companies have at least one woman in a senior management role in 2020.
The women employees seem to crowd the areas like administration and support functions, while men are deep into Operations, R&D, P&L, qualities that are often reviewed for positions for CEO and Board of directors. Around the globe, 40% of women are Human Resource Directors, 17% are chief marketing officers and 16% are Chief Information Officers.
Reasons for declining numbers of Female workers in India
Although Indian women are resiliently grabbing a chance at education, it seems that not many of them are looking forward for paid work. As said earlier, women, especially married and from rural towns, have no agency when it comes to the decision of taking up a paid job.
Many families believe that men are the primary breadwinners. This assumption is keeping women devoid work and are confined to schooling kids at home and taking care of the elderly. The gender roles are so engraved in our society that women are calling it quits and returning home to take care of their families.
Apart from this, gender pay gap, sexual harassment and proximity to work are major reasons why female workers don’t engage themselves in paid jobs.
FAQ
What percentage of the workforce is female in India?
19.9% of the workforce is female in India.
Who is the first woman CEO in India?
Indra Nooyi is the CEO of Pepsi and ranked as the world’s 100 most powerful women.
Who is the Highest paid female CEO?
Lisa Su is the highest paid female CEO according to the Associated Press’ annual report on CEO salaries.
Who is the most powerful woman in India?
The non-executive director of Reliance Industries Nita Ambani is the powerful woman in India.
Conclusion
India is far from parity when it comes to gender based policies. We have to get better at giving women the agency and opportunities, and in such a way that women don’t hesitate to accept jobs and excel in their fields. Women contribute to nearly half the country’s population.
We need to believe in the female workforce to accelerate the growth of Indian economy. We hope that more women empower themselves by not just being a meal maker but by becoming a meal earner.
Tesla Inc. is a US based Electric Vehicle manufacturing and clean energy company which is located in California. The company was founded in the year 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning. It is named after Nikola Tesla who was an inventor and an electrical engineer. Elon Musk is the CEO of the company since 2008.
The main aim of the company is to increase and improve sustainable transport and energy. Tesla has entered India and has registered its company in January. Their manufacturing unit is located in Bangalore, Karnataka.
Tesla has appointed David Jon Feinstein who is a Global senior director of Tesla, Vaibhav Taneja who is a Chief accounting officer, and Venkatarangam Sreeram who is an entrepreneur as the directors of the Indian subsidiary.
Buying Tesla in India has been a hard task with just a few people in the country owning it. Mukesh Ambani who owns a Tesla Model S, Riteish Deshmuk who owns a Tesla Model X, and Prashant Ruia who owns Tesla model X.
When Tesla announced model 3 in 2016 to the world, they had considered India and started accepting reservations from the country. Vishal Gondal and many others had registered it from India. They paid an amount of $1,000 for the registration.
Back then India’s import duty was high that is up to 100% import duty for any car costing above INR 27 lakh and any car which cost lesser had an import duty of 60%.
The cheapest model of Tesla is Tesla Model 3 which would cost around INR25 lakhs in the global market. In India, there would be an additional 60% import duty on the vehicle. This will make the car costlier and unaffordable in India.
However, later it was found that having a plant in India and importing around 15% would help in reducing the price. The government also reduced the GST on Electric Vehicles from 12% to 5% and on charges which were 18% reducing it to the rate of 5%.
Elon Musk the CEO of Tesla said that the current changes in the sales tax give them hope for the changes in the future. This led to the registration of the company Tesla in India.
Best-selling electric vehicle models worldwide in 2020
Tesla Model 3 is believed to be launched by June 2021 with an ex-showroom price of INR 60 Lakhs. In India, it is expected to be launched in two variants namely Standard Plus and Long Range. Standard Plus would have a range of up to 423 km on a single charge. Long range would have a range of 568 km on a single charge.
Tesla Model S
Tesla Model S is a sedan that is believed to be launched in India by the end of July 2021. The ex-showroom price of this sedan model would be around INR 1.50 Crores. It is expected to have three different variants namely long range, plaid, and plaid+.
Long range would have a range of up to 660 km on a single charge and it comes with a dual-motor setup. Plaid would have a range of 627 km with a tri-motor setup and plaid+ will also have a tri-motor setup with a range of 837 km in a single charge.
Tesla Model X
Tesla Model X will be an SUV, it is expected to be launched in India by January 2022. The ex-showroom price of this SUV model would be around INR 2.00 Crores. It has 5 seating, 6 seating, and 7 seating models. It is expected to have two variants namely long range and plaid.
Long range would have a range of up to 579 km in a single charge and it comes with a dual-motor setup. Plaid would come with a tri-motor setup and have a range of up to 547 km in a single charge.
In the United States of America in the year 2020, out of all the vehicles sold only 1.3% were Electric Vehicles, and out of that 1.3%, 90% were Tesla models. The key reason for such demand for vehicles is their electric charging stations.
Tesla’s electric charging stations provide fast charging facilities and that is the unique selling point of Tesla vehicles. While other Electric Vehicles may take hours to charge, Tesla provides its charging station which provides fast charging facilities.
Tesla may come up with the fast-charging stations in India as well. India can expect it in the coming years after the launch of their different vehicle models. The government has plans to install one e-charging point in 69,000 petrol pumps.
There is an increase in air pollution and fuel prices are rising in the country. Hence there is a need for the government as well as the consumers to shift to Electric Vehicles. This act as an advantage for Tesla in India.
FAQ
Who is the Founder of Tesla?
Tesla was founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning.
Who was the first CEO of Tesla?
Martin Forest Eberhard was the first CEO of Tesla till 2008.
What companies has Tesla bought?
Tesla owns SolarCity Corp, Maxwell Technologies Inc, Grohmann Engineering, Perbix Machine Co. Inc. and Hibar Systems Ltd.
Conclusion
Tesla has a wide range of products. Tesla is not just a car manufacturing company. They provide different products which include Powerwall which helps to store solar energy and energy from renewable resources, solar panels, and solar roof tiles which can be used instead of a normal roof. Solar roof tiles help in generating solar energy.
Manan Shah is an Ethical Hacker, Author and Indian entrepreneur. He founded an online cyber security company, Avalance Global Solutions and serves as its Chief Executive Officer (CEO). It is an Information Technology externalizing venture entangled with securing government and enterprise digital setups. He was recognized among the top 100 Security Researcher by the Microsoft. He also has a personal blog where he shares his journey and experiences like the lessons learned, mistakes made and large gains. Moreover, he has authored several books based on cyber security, ethical hacking and web defense. As of 2020, he has a net worth of $ 2,000,000.
Manan was raised in Vadodara, Gujarat. At age 12, he was gifted a computer by his parents. He started taking interest in hacking after reading a newspaper article based on the subject. Today, he successfully runs his IT outsourcing venture and his personal blog (http://mananshah.in).
He is passionate about traveling, playing video games and conducting webinars. Moreover, he has been invited as a speaker at platforms including, TEDx and Infosec.
Manan Shah- Education
Manan dropped out of school and faced the chagrin of his parents for academic challenges. He hated going to school and doing homework. He did not believed in the formal education structure in school. His parents and teachers rebuked him for not being a meritorious student. However, he managed to pursue some courses related to computer security and programming despite lacking formal education.
In 2019, he pursued some certified courses based on technology. He holds a certificate in Cyber101x: cyberware, surveillance and security from University of Adelaide. He did a certified course in cyber security: managing risk in the information age from Harvard Business School Online. He received a certification from MIT Professional Education for studying cyber security: technology, application and policy.
At age 16, Manan started his website rtwincustomize.net where he used to write OS based tweaks & tricks, tips, tutorials, which attracted many readers. This eventually encouraged him to write a book.
At age 16, he authored a book based on email hacking, which made him the youngest author to be published by Amazon. He further wrote more books after the establishment of his IT venture, Avalance Global Solutions. He is a first-generation entrepreneur who founded such a company that offers business services and consulting.
Before launching Avalance, at age 21, he helped in solving cybercrime cases for some biggest MNCs in the world including, Yahoo!, Twitter, Facebook, Nokia, Blackberry, PayPal, Skype, Apple, Google, Microsoft.
He spoke at several seminars including schools and colleges in India. He prefers to do a limited number of keynote speaking associations and business investments every year. He has also worked for government agencies and corporations to foolproof their system againstterrorists attacks. Moreover, he is now working on securing Digital India’s Smart City concept proposed by the Indian government.
Manan dealt a tough life while pursuing his formal education at school. He frequently failed in many subjects and had a curious liking towards computer science. He spent most of his time in watching online videos related to programming languages, hacking, cyber security etc.
Media often use him as an example of how one can raise a successful IT industry on the basis of their empirical knowledge without earning any university degrees. He worked on equipping himself with hacking tools and was determined to do something on his own.
He recently spent 7 sleepless nights with an aim to get a fix for the WanaCrypt Ransomware. He is diligently fascinated with technology insights. Also, while attending various seminars as a Speaker, he primarily discusses on the discovery of computer and network security vulnerabilities along with telecommunication and satellite systems.
Manan and his team have helped Gujarat and Rajasthan Police, MS University, Amul in more than 15 cases of fraud detection, social media, account recovery, forensics, e-mail hacking & encryption. He also fixed bugs reported in the systems of MIT and Harvard.
Manan founded the Vadodara based company, Avalance Global Solutions in October 2015. The company has its geographical presence in Mumbai, Vadodara, New York, and Dubai. He serves as the Founder, Director and CEO at his cyber security company.
His company is an innovative information security, trusted by Fortune 500 companies including the foremost enterprises and governments around the world. His venture regales to more than 100 customers worldwide across different verticals.
Manan Shah- Net Worth
The Net Worth of Manan Shah is speculated to be around $2 Million as of 2020.
Manan Shah- Honors & Awards
Awards won in the year 2020
Organization
Startup of the year
Globee awards
Startup of the year
Golden Bridge Awards
Startup of the year
One Planet Awards
Great workplace of the year
Pillar Awards
Milestone of the year
Sales and Service Awards
Hottest Young Entrepreneur
BW Businessworld
CTO of the year
IT World Awards USA
Outstanding Information Security Company
BW Business World & OsAs
Entrepreneur of the year
Entrepreneur Magazine
Company of the year
IT World Awards USA
Technology Provider of the year
Entrepreneur Magazine
National Youth Day Award
Bharat Seva Samvad
Frequently Asked Questions – FAQs
Who is Manan Shah?
Manan Shah is an Ethical Hacker, Author and Indian entrepreneur. He is also the CEO of Avalance Global Solutions.
Who is the CEO of Avalance Global Solutions?
Manan Shah is the CEO of Avalance Global Solutions.
What is Manan Shah Net worth?
The Net Worth of Manan Shah is speculated to be around $2 Million as of 2020.
How old is Manan Shah?
As of 2021, Manan Shah is 28 years old. He was born on 19th August, 1993.
In 2020 the Transport Minister, Nitin Gadkari had announced that the U.S based Electric Vehicle company Tesla would enter in India. He told that in the beginning they would try to sell some cars and depending on the response of the sales they would start their R&D center in India.
After several years of delay, Tesla finally entered in India. On 12 January 2021, the company officially announced its arrival. They have registered in Bangalore, Karnataka by Tesla’s registrar of companies (Roc). The company’s registered name is Tesla India Motors and Energy private Limited. It is considered as a foreign subsidiary registered in India.
The Chief Minister of Karnataka, B.S Yediyurappa tweeted happily and gave a warm welcome. But there are reasons as to why the company chose Bangalore to set up its R&D center.
Bangalore has a collection of technical and R&D centers. It accounts for more than a dozen automotive companies in the country. Bangalore has operational R&D units of automotive brands such as Mercedes-Benz, General Motors, Great Wall Motors, Mahindra & Mahindra, Continental, Bosch, Volvo, and Delphi.
Bangalore has a lot of electric vehicle startups as well. The Karnataka Government states that there are more than 45 electric vehicle startups that are based in Bangalore. Startups like Ather Energy, Mahindra Electric, Ultraviolette Automotive are mostly concentrated on the two-wheeler segment.
Ola Electric which announced recently that it is going to enter into the automotive sector is also based in Bangalore. Since there are a lot of technical and R&D units of the biggest companies and electric vehicle startups, Tesla would have chosen Bengaluru as its manufacturing unit.
Bangalore is known as the IT Hub, the district has headquarters of companies like Infosys, Wipro, Accenture, TCS, and many more. Bengaluru has around 3,00,000 IT students studying in various colleges across the country.
Tesla will be able to benefit from the huge talented IT and engineering graduates in Bangalore. Automotive companies have used the Indian R&D centers to work on projects not only for India but even projects for other countries including China, Europe, and the U.S.
Software Engineers are working with Mercedes Benz in projects such as developing driverless cars. Great Wall Motors, the Chinese company has set up its R&D center in Bangalore, to work on their Electric Vehicles.
Automotive brands have already set up and are using the talent of Karnataka’s Capital. They have seen the outcome over the years. Tesla would also have foreseen the IT and the engineering talent available in Bangalore, being one of the reasons to set up its unit in Karnataka’s capital.
Other than a home for the major automotive companies, the state has certain policies. The policies act as one of the major reasons for Tesla to set up its unit in Bangalore.
Karnataka is concentrating on setting up an Electric Vehicle Hub in the State. It has allocated around $3 Billion (around 219 crores) for setting up an electric vehicle hub, lithium-ion cell, and battery manufacturing unit which includes Electric vehicle manufacturing bases in Hubbali and Dharwad. It is 400 km from Bangalore.
Karnataka had approved a new policy in 2017 which is the “Electric Vehicle and Energy Storage Policy”. The state aims to create around 55,000 employment and attract investment of Rs 31,000 crore. To reduce dependency on fossil fuels and reduce its carbon footprint, the union government has unveiled its vision to make the country an all-electric vehicle market by the year 2031.
The state also provides a lot of incentives for setting up Electric Vehicle plants. It provides incentives such as reimbursement of land conversion fees, an investment promotion subsidy, 100 percent exemption on stamp duty, and many more. This would be the greatest advantage for Tesla. It must have been the easiest way to enter the country.
FAQ
Who is Tesla’s biggest competitor?
The Chinese EV maker Nio is one of Tesla’s biggest competitor.
Who sells the most electric cars in the world?
Tesla sells the most electric cars in the world.
What is the Valuation of Tesla?
The US Electric car maker Tesla is worth about $700 billion as of 2020.
What is the world’s most popular electric car?
Tesla Model 3 is the world’s most popular electric car.
Conclusion
In 2018, Elon Musk the CEO of the company had said that certain government regulations are making it hard for them to enter the country. He also mentioned that the company required 30% of some raw material to be available locally for manufacturing and India lacked these. But, now different automobile industries are setting up their plants and companies in India, also Apple have started their manufacturing unit in India.
Elon Musk has a huge number of fans in India and he is moreover known as the real Tony Stark. This shows that the company has huge potential in the country.
Bitcoin is a digital coin and it is considered as one of the best investment instruments by the Millennials. Bitcoin is a virtual currency that depends on blockchain technology. It is used to make purchases but mostly it is considered an investment option.
Bitcoin has provided an amazing return over the years. It has provided a return of about 204% in 2020. The price of one bitcoin has crossed more than 29 Lakhs and it is considered as one of the favorite investment options for GenZ.
Bitcoin is the first Cryptocurrency and is believed to be found by Satoshi Nakamoto. Even though cryptocurrencies are used to make purchases it is not accepted as the mainstream payment yet.
Retail investors are investing in bitcoins after seeing huge returns. Some years ago, investing in bitcoin was considered hard and was mostly for techies. But now, with the emerging of new startups, investing in bitcoin has become easy. Venture Capitalists are funding such startups which aim at making the investment much easier.
A retail investor can invest in bitcoin through the below ways
P2P transactions are Person to Person transactions. It is a transaction between 2 individuals. If you don’t prefer using an App or paying a transactional fee then you can find a person who is interested to sell his bitcoins and buy it from him. It is considered hard to find a like minded person and it is time consuming. You wouldn’t find a seller as easy as you can find one on the exchange.
Person to Person Transaction
Method to invest
If you would want to buy bitcoins through P2P method then you will have to consult a cryptocurrency exchange/platform. They will act as a coordinator. The exchanges will help you find a seller who is interested according to your requirements. Again, the process would take a lot of time to find the ideal person. This method is more direct.
Bitcoin Mining is the way you earn bitcoins. Bitcoin Mining is considered as a profession. The main role of a bitcoin miner is to record the bitcoin transactions. Bitcoins are decentralized which means it doesn’t have a legal body to regulate it. Bitcoin Miners act as an accountant where they keep a record of the transaction as it happens.
Bitcoin Mining
Bitcoin miners will be paid in bitcoins once they successfully complete adding a block of transactions. Bitcoins are recorded using blockchain technology. It is said that in every 10 minutes a block is added.
In the beginning it was easier to mine the bitcoins as the demand increased, bitcoin mining has become more complex as it requires really good software and specific skills which makes it difficult for a common man.
A Cryptocurrency exchange is similar to a stock exchange platform. You will be able to buy and sell bitcoins though a cryptocurrency exchange. There are a lot of mobile application in India which helps you to invest in Bitcoin.
Cryptocurrency exchanges are operational for 24 hours and you can place order anytime. It is decentralized and is not controlled by any central authorities. You can start investing in bitcoins by buying a part of it. The investment can start with a small amount of INR 500.
Cryptocurrency Exchanges
You should make sure that you buy bitcoins through a trusted exchange or an app. Some of the apps which helps you invest in bitcoins are Zebpay, UnoCoin, Coinsecure etc. Choosing the right platform is the hardest task. The exchanges may charge a small fee for their services. The easiest way for an individual to invest in bitcoins is through the exchange. It is the simplest way to invest.
KYC process
You will have to find the exchange of your choice and later complete the KYC (Know Your Customer) process.
You will have to verify your documents such as PAN card, Aadhar card etc. It is mainly to avoid unlawful usage of the currencies.
For the KYC process you will have to provide your details such as
Your full name.
2. Address and Date of birth as it appears in your documents.
3. You will later have to upload your KYC document in a scanned format.
Once the above steps are completed you will be able to open your account.
FAQ
Is Bitcoin a good investment?
Bitcoin is an extremely risky investment that may or may not pay off.
Can we Invest in Bitcoin in India?
You can Buy/Sell Fractional shares of Bitcoin via an Exchange.
Who is the richest Bitcoin owner?
According to a New research from Traders of Crypto Satoshi Nakamoto, the founder of Bitcoin, who is rumored to own around 1 million Bitcoins.
Conclusion
Cryptocurrency is one of the fastest growing asset class. Bitcoin has around 69% of the market share of Cryptocurrencies. Bitcoin was introduced as an asset to beat inflation. The number of bitcoins is limited and hence it helps in beating the inflation. A perfect cryptocurrency exchange is one which is flexible, simple and accessible. Many platforms are highly technical but at the same time there are many platforms which are easy to use.
While choosing your platform make sure it is easy to use and try staying away from platforms which does not have a KYC. It may not be secure.
Any returns you receive from bitcoin is taxable. You are taxed up to 30% for short-term gains and up to 20% for long term. Make sure you do your research before investing in bitcoin as it is highly volatile. It is always better to start with a very less amount of money.
