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  • Biryani By Kilo – Serving Authentic Biryani To Indians

    Almost everyone loves biryani. When you are eating biryani, it is not difficult to lose count of how many plates you are having. Whenever we smell this delectable dish, our mouth literally starts watering. Do you want to taste authentic biryani? Try out ‘Biryani By Kilo’.

    Biryani By Kilo is a home delivery-based food service chain. The company strives to offer delicious meals at one’s doorstep. Biryani By Kilo serves popular dishes such as biryani, kebabs, phirni, and various other Mughal delicacies.

    Read on to know more about Biryani By Kilo’s success story, founders, business model, revenue, growth, competitors, and future plans.

    Company Highlights

    Startup Name Biryani By Kilo
    Headquarters Noida, Uttar Pradesh, India
    Founders Kaushik Roy, Vishal Jindal, and Ritesh Sinha
    Founded May 2015
    Sector FoodTech
    Parent Organization Sky Gate Hospitality
    Website biryanibykilo.com

    Biryani By Kilo – About
    Biryani By Kilo – Founder And Team
    Biryani By Kilo – Startup Story
    Biryani By Kilo – Tagline, Slogan And Logo
    Biryani By Kilo – Business Model
    Biryani By Kilo – Revenue Model
    Biryani By Kilo – Funding And Investors
    Biryani By Kilo – Franchise
    Biryani By Kilo – Growth
    Biryani By Kilo – Competitors
    Biryani By Kilo – Future Plans

    Biryani By Kilo – About

    Biryani By Kilo falls in the ‘food service and delivery’ category. It prepares and delivers authentic biryani to the masses. The company was founded in 2015 and has come a long way since then. It has received overwhelming response from customers for its mouth-watering menu.

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    Biryani By Kilo – Founder And Team

    Kaushik Roy, Vishal Jindal, and Ritesh Sinha are the founders of Biryani By Kilo.

    • Kaushik Roy is the founder and CEO of Sky Gate Hospitality Pvt. Ltd. Sky Gate Hospitality owns Biryani By Kilo. Kaushik has 22 years of experience in the food service industry and this made it easy for him to launch Biryani By Kilo. Kaushik is passionate about music, photography, cooking, and texting. His CB Rank as an individual is 56,176.
    • Vishal Jindal is the co-founder and director at Sky Gate Hospitality Pvt. Ltd. Sources say he is a big foodie. Vishal is also a Board Advisor at the Singapore- based Ecosystem Advisory. He studied finance at the London School of Economics.
    • Ritesh Sinha is the COO of the Sky Gate Hospitality Pvt. Ltd. He is also one of the founding members.
    Vishal Jindal (left) and Kaushik Roy (right)

    Biryani By Kilo – Startup Story

    Kaushik Roy and his friend Vishal Jindal thought a lot and finally zeroed in on biryani as their favorite pick. The duo took the entrepreneurial plunge in May 2015 as a challenge with the idea of starting afresh. They thought of conserving the Khansama type of cooking through their initiative. Biryani By Kilo, the duo’s initiative, was a hit amongst the admirers of biryani. The company has outlets in Delhi NCR and Mumbai. Biryani By Kilo processes close to 1000 orders a day with an average order size of INR 900.

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    Biryani By Kilo’s tagline is “There’s always a reason to celebrate….”  The logo is composed of three colors: white, black, and brown.

    Biryani By Kilo Logo

    Biryani By Kilo – Business Model

    Biryani By Kilo serves biryani in earthen pots (Handis). It offers three kinds of biryani: Hyderabadi, Lucknowi, and Kolkata. The company primarily operates under the cloud-kitchen criterion with dine-in options at selected locations based on latent demand. Biryani By Kilo also offers home delivery of the traditionally cooked meals it is famous for.

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    Biryani By Kilo – Revenue Model

    The company has staff team members of 300 during the delivery time notwithstanding. It draws all of its Biryani lovers towards it because it’s trusted by the consumers of the concerned company. The startup company collected revenue from 2017-18 batch which stands at Rs 12.5 crores and it’s currently clocking Rs.2.4 crores a month. Unbelievable! Right? The idea was actually to challenge popular food such as pizza, burger, sushi, noodles etc. Their idea was to serve something desi to all.

    Biryani By Kilo – Funding And Investors

    Biryani By Kilo has raised an amount of $8.4 million in funding over 11 rounds.

    Date Transaction Name Money Raised Lead Investor
    April 30, 2020 Series B INR 60 Million –
    June 20, 2019 Series A INR 300 Million IvyCap Ventures
    November 30, 2018 Seed Round $286.3,000 –
    July 2, 2018 Seed Round $1 Million Ajay Relan, Vinay Mittal
    April 1, 2018 Seed Round $691.5,000 –
    November 14, 2017 Seed Round $609.8,000 Startup Equity Partners
    October 25, 2017 Seed Round – –
    February 20, 2017 Angel Round $380,000 Chandigarh Angels Network
    February 17, 2017 Seed Round $164,000 –
    October 10, 2016 Seed Round $103.5,000 –

    Biryani By Kilo is funded by 17 investors. Nitish Mittersain and Rajandeep Singh have recently joined the list of investors.

    Biryani By Kilo – Franchise

    The company currently has multiple outlets in Delhi NCR. Some of them are in Connaught Place, Shahpurjat, IP Extension, Vasant Kunj, Dwarka, Sector 41 Noida, New Friends Colony, and Rajouri Garden. Biryani By Kilo is also present in Mumbai: Andheri East, Chembur, Malad, Powai, and Khar West.

    Biryani By Kilo – Growth

    The company claims publicly that it is doing well and is growing its business exponentially at a rate of 70% to 80% per year with a current sales run rate of $3.4 million, i.e., INR 24 crores annually. Biryani By Kilo says that it will reach $72 million in revenue by 2022. Now that is ambition! The team at Biryani By Kilo utilized its funds appropriately right from the start and that helped the company achieve stellar growth.

    Biryani By Kilo – Competitors

    The competitors of Biryani By Kilo are Bright Cellars, Paradise, Charcoal Eats, Biryani Blues, and Behrouz.

    • Biryani By Kilo v/s Bright Cellars

    Biryani By Kilo was founded in the year 2015 while Bright Cellars was launched in 2014. Both companies work on different models. Bright Cellars offers a subscription facility to its customers, whereas Biryani By Kilo functions as any other restaurant. Both are private organizations but have different tags. Biryani By Kilo serves food and liquids within India while Bright Cellars serves manufacturing and industrial items in addition to food and beverages. Moreover, Biryani By Kilo is headquartered in India while Bright Cellars has its head office in Milwaukee, USA.

    • Biryani By Kilo v/s Biryani Blues

    Biryani Blues was founded in the year 2013 in Gurgaon (India), a couple of years before Biryani By Kilo. Its revenue frequently exceeds $3 million which is much more than what Biryani By Kilo generates in revenue.

    • Biryani By Kilo v/s Paradise

    Paradise is considered amongst the strongest rivals of Biryani By Kilo. It is headquartered in Secunderabad, Andhra Pradesh. Paradise was founded in the year 1953, decades before Biryani By Kilo’s inception. Sources say Paradise’s revenue is approximately 1724% of Biryani By Kilo’s revenue.

    • Biryani By Kilo v/s Charcoal Eats

    Both the companies were found in 2015. Charcoal Eats is headquartered in Maharashtra, India. It operates in the food processing space. Biryani By Kilo and Charcoal Eats are not direct competitors.

    • Biryani By Kilo v/s Behrouz

    Biryani By Kilo and Behrouz are known to have an expensive menu. Online reviews do not mention a clear winner between the two. Some reviews favor Behrouz over Biryani By Kilo while the others place the latter over the former. However, you should try them out before forming an opinion.

    Biryani By Kilo – Future Plans

    The company is aiming for a sales run rate of more than $5.8 million (INR 40 crores) in the coming years. The company plans to export its Handi biryani to the UAE and the UK. The team at Biryani By Kilo is also researching healthy dishes such as quinoa biryani and brown rice biryani. There are plans to open 40-50 Biryani By Kilo outlets in North India in the coming year.

  • Gurucan: All-in-one Platform for Launching Your Online Courses

    Gurucan is a 7-in- one platform that enables users to sell courses, workouts, memberships, and challenges online with their own Android and IOS apps.

    The education technology industry is brimming with diversified content and platforms, but not all of these platforms are beginner-friendly.

    With Gurucan you can simplify your teaching process. All you need to do is to upload your content to make it available on both the app and web platforms.

    What is Gurucan?
    Gurucan – Features
    Gurucan – Pricing
    Gurucan – FAQ’s
    Conclusion

    What is Gurucan?

    It is a service-based tool that allows users to run live sessions, webinars, sell memberships and launch online courses.

    Gurucan: Launch live seminars, online courses and much more
    Gurucan: Launch live seminars, online courses and much more

    Gurucan also offers special health and fitness features, that users can use to set up custom workouts, fitness challenges, and nutrition plans for their audiences. Since it also offers free migration from other services, users can sell multiple online courses on a single platform.

    With dedicated content management, users can create multimedia images, videos, quotes, and text with an advanced editor. You can either link up a custom domain or you can use a free domain that will be provided to you.

    Without any need for code, users can create white-labeled designs and templates to create branded applications.

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    Gurucan – Features

    Branded IOS/ Android App

    Give the best engagement to your students and audience with Gurucan.

    With so many people consuming mobile content, it is crucial that online courses work on mobile devices as well. Gurucan helps you create mobile content in a simplified process.

    You can even customize your app with personal branding by selecting a design and uploading a logo to provide a seamless user experience.

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    Create engaging online courses

    Gurucan has made the content creation process a very simple process that even a teenager would be able to use it.

    Gurucan allows users to create stunning online courses
    Gurucan allows users to create stunning online courses

    You will be able to create scheduled challenges, training tips, create video lessons and drip courses for any medium, from text and digital downloads to webinars and podcasts.

    With a mobile-friendly design, your content will look really good and be easy to navigate on both mobile and web apps. Engage with your audience with built-in reports, quizzes, and chats, and then track their activity.

    You will be provided with detailed reports of their activity so you can motivate them to finish their courses and achieve their goals.

    Automate Marketing

    Creating quality content isn’t the only requirement for a successful business. You also need to have the skills to market your service to attract your audience.

    Gurucan lets you automate your marketing strategies with built-in automation tools. You can send notifications and emails automatically or put your complex marketing campaigns on auto-pilot.

    You will also be able to tag users ad segment them based on dozens of actions and triggers, making it easier for you to create automated campaigns. Set up new automated campaigns within minutes using Gurucan’s visual builder.

    Grow your membership business

    Gurucan makes it a breeze to build and monetize membership programs.
    If you’re an influencer, blogger, or community builder, your first and foremost priority is to attract members.

    Gurucan lets you do this by managing subscriptions, running a blog, and creating group chats for your community on a single platform. From a single dashboard, you can customize your membership options as you build multiple pricing plans for different types of content and run free trials.

    You can receive multiple payments from your members for your subscription packages through integrations like PayPal and Stripe.

    Multiple Integrations

    You need not worry if you’re already using different applications for your marketing, blogging, or payment process. Gurucan allows you to connect literally any tool through Zapier or Integromat.

    You can also use native integrations for tons of poplar software like Twilio, Vimeo, Wistia, SendGrid, YouTube, and Mailchimp.

    Gurucan – Pricing

    Single – $79/ lifetime

    • Unlimited active students/users
    • 125 GB bandwidth per month
    • 1,000 marketing emails per month

    Double – $158/ lifetime

    • Unlimited active students/users
    • 500 GB bandwidth per month
    • 4,000 marketing emails per month

    Multiple – $237/ lifetime

    • Unlimited active students/users
    • 1.25 TB bandwidth per month
    • 10,000 marketing emails per month

    Click below to get Life Time Access to Gurucan at the best price ever.

    Gurucan – FAQ’s

    Can I brand Gurucan app and web?

    Yes, you can customize the appearance by uploading your logo, linking custom domain, setting branded colors, favicon, and changing the menu icons. Your members will download Gurucan app for iOS and Android, sign in to your course, and dive into your brand.

    Can I create the different levels of access?

    Yes, you can use a setting that only purchased content is visible or even create the “secret offers” available only by the link.  Making offers for subscriptions or one-time payments allows you to form a bundle of any content — articles, chats, online courses, etc.

    Does Gurucan allow to create chapters?

    Yes, you can create chapters and separate lessons. Make them available all at once or only one-by-one, also drip-content is available.

    Can I create quizzes?

    Users can take quizzes and submit assessments in each lesson. Users can answer in an open format, including text, video, audio, or image files.

    How can I communicate with my users?

    Several options: inside the community in group chats, give feedback in the assessments, send push-notifications and emails. You can create automated sequences of push-notifications and emails, starting from the welcome message to the new course launch.

    Conclusion

    Launching your own online course could take a lot of time and resources. However, with Gurucan you can create, customize, and monetize your online program with built-in marketing and Web and mobile compatibility.

    There are barely any applications on the market that boast as many features as Gurucan, and none of them are as easy to use.

    Upgrade your brand and business by signing up for Gurucan today!

  • Hubblu: One Workspace for All Your Apps

    The core of every business lies in using the right software tools. You need to use specific software for every workflow of your project, and sometimes more than one to execute your project.

    So swiping between tabs and apps can be a time-consuming process. Needless to say, it dampens productivity and slows down team efforts.

    What you need is a platform to combine all these apps into a single workspace. This will help you save time and increase productivity while minimizing distractions. You can focus more on your business and its growth.

    Presenting Hubblu…

    Hubblu Work Apps Dashboard
    Hubblu Work Apps Dashboard

    What is Hubblu?
    Hubblu – Features
    Hubblu – Pricing
    Hubblu – FAQ’s

    What is Hubblu?

    Hubblu is a distraction-free workspace where you can integrate all your apps to a single platform. Whether you need to contact your team, share ideas, attend meetings or answer your customers, you can do all these things seamlessly saving both time and effort.

    Navigate between team chats, calendars, project management tools, and emails in just a single click. With Hubblu, you will never again miss an appointment as its task scheduler not only reminds you of your appointments but also opens the work app at a scheduled time.

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    Hubblu – Features

    One master password

    Break from the routine of using multiple passwords for multiple apps. Now you can quickly login to all your apps with one master password.

    Easy-to-use

    Friendly user interface lets you switch apps with just a click

    Distraction-free

    Interact with your team, via emails and chats seamlessly by having a distraction-free workspace for all your apps

    Task Schedulers

    Hubblu’s scheduler is not just a to-do list. Users can create a work schedule, take a break, get reminders of tasks, and much more. For instance, you can create a schedule for your daily tasks so that even if you forget to check your emails, Hubblu will automatically open the email app for you at the scheduled time.

    Hubblu's Task Schedule Dashboard
    Hubblu’s Task Schedule Dashboard

    Cross-platform compatibility

    Hubblu is available on Windows, Mac, and Linux platforms.

    Multiple Integrations

    Hubblu allows users to integrate more than 50+ apps including emails, meeting software, calendars, project management apps, and team chats with just a click on your desktop. With more and more apps joining the integration list, you can always request integration to Hubblu’s team.

    Uses

    • Team Collaboration – Take notes or create actionable to-dos quickly while you’re attending a meeting
    • Compare and share info – No need to waste your time on multiple tabs and a variety of apps for each project. With Hubblu you can compare all data from your apps simultaneously with just a few simple clicks.
    • Effortless communication – Whether it be your clients, partners, or even your boss, you can easily communicate with everyone from a single platform.
    • Easy sharing – Share your work with your team whit just a click. Update your team members on your progress to get instant feedback on multiple projects without ever needing to minimize anything.

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    Hubblu – Pricing

    Solo Plan – $39 /lifetime

    Features

    • Use on 1 PC
    • Unlimited Integrations
    • Full Screen and Small Floating Hub Modes
    • One Master Password
    • Work Sharing
    • Meetings
    • Future Features and Updates Included
    • 60-days Refund Policy

    Plus Plan – $59 /lifetime

    Features

    • Use on 5 PCs
    • Unlimited Integrations
    • Full Screen and Small Floating Hub Modes
    • One Master Password
    • Work Sharing
    • Meetings
    • Future Features and Updates Included
    • 60-days Refund Policy

    Pro Plan – $97 /lifetime

    Features

    • Use on 10 PCs
    • Unlimited Integrations
    • Task Scheduler
    • Full Screen and Small Floating Hub Modes
    • One Master Password
    • Work Sharing
    • Meetings
    • Future Features and Updates Included
    • 60-days Refund Policy

    Team Plan – $197 /lifetime

    Features

    • Use on 30 PCs
    • Unlimited Integrations
    • 1 master + 5 team member accounts
    • Ability to assign PC licenses to team members
    • Task Scheduler
    • Full Screen and Small Floating Hub Modes
    • One Master Password
    • Work Sharing
    • Meetings
    • Future Features and Updates Included
    • 60-days Refund Policy

    Hubblu – FAQ’s

    What’s a distraction-free workspace?

    A distraction-free workspace is one that is designed not to take your focus off work. You will never have to take your eyes off your work as you check your team chat, task planner, or email. Additionally, all of your online tools will be organized in a single glass pane, separate from any distractions that a browser provides.

    Why did you build Hubblu?

    Hubblu was built to solve so many problems that developers and entrepreneurs face. Efficiency is the key to a productive workday.

    How can Hubblu help me?

    By managing all your work apps on a single platform, you get straight to work without any distractions. It increases your productivity on a day to day basis.

    What is integration? How many integrations does Hubblu offer?

    The idea of Hubblu revolves around provident its users with everyday tools instead of replacing them. Each online app you use like Gmail, Slack, Trello, or Flock are integrations and Hubblu works with all of them. It offers more than 50 integrations.

    What is the Task Schedule feature?

    Never miss a meeting or an appointment with a task scheduler that reminds you of your appointments and opens your apps at a particular time. All you need to do is input what time and day your appointments are once

  • Listnr: Convert Blogs into Podcasts Using AI

    The new norm these days isn’t reading books, it’s listening to them. Yes, you head it right.

    As people get busy with their life, jobs, and family, they barely are able to find time to read books or blogs. These days audiobooks and podcasts are immensely popular and have become a part of a larger trend in the audio industry.

    Especially podcasters, as more and more people are inclined to listen to a podcast than read a news article on their daily commute. Compared to the past, you can find a relatively large amount of audio content these days.

    However, one thing that holds back creators in this industry is the lack of adequate resources. While some may have technical resources, they face challenges with digital resources or vice-versa.

    Meet Listnr

    Listnr lets you use multiple features for your audio content
    Listnr lets you use multiple features for your audio content

    What is Listnr?
    Listnr – Features
    How Listnr works
    Listnr – Pricing
    Listnr – FAQ’s

    What is Listnr?

    Convert your blog posts or any text for voice-overs or podcast with human-sounding voices.

    With Listnr, users can start podcasts in more than 17 languages without any recording.

    Listnr is for both freelancers and commercial podcasters who want to monetize their content through advertising. It allows users to convert text into speech with AI. For YouTube videos to E-books, you can create it all using Listnr.

    You can also enable the option to read-listen or watch-listen for users. This will help you get more traffic as well as improve your conversion rate. Listnr also lets you convert and distribute your audio content anywhere with commercial broadcasting rights on platforms like Apple and Google Podcasts, Spotify, and other apps.

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    Listnr – Features

    Easy one-click conversions

    Listnr allows you to convert your blog into a podcast using Google WaveNet TTs. You can select content from other websites or simply write the content yourself on its dashboard and download your audio file and distribute it anywhere you’d like.

    Lisntr converts your text or blog into podcasts using AI
    Lisntr converts your text or blog into podcasts using AI

    High-quality voices

    Listnr supports more than 17+ languages with their different dialects and 30+ natural, human-sounding voices from Mandarin to English. You also get to select regional language dialects like British, Indian, and American English.

    Embed

    Listnr lets you select text from any place on the internet and embed your podcast wherever you like, You can embed your audio files into your blog post with code snippets.

    AI voice-overs

    Listnr, with its state of the art text-to-speech algorithm, allows users to do AI voice-overs for YouTube videos, blog posts, and audiobooks.

    Audio Analytics

    Change the tone and color of the audio player to your liking as it is fully customizable.

    Automatic RSS feed of your podcasts

    Every time you upload content, your RSS feeds automatically gets updated in your podcast no matter what platform it’s on.

    Publish podcast to any hosting platform

    Listnr lets you publish your audio content to any podcast hosting platform like Google, Apple, Transistor or Spotify podcasts.

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    Social Sharing

    Listnr lets you share your podcasts on social media platforms like Twitter, Instagram or Facebook.

    Email subscribers

    You can let your users subscribe to your podcast from the audio player using email capture

    How Listnr works

    Follow these simple steps to get your podcast running:

    • Paste text or any content you want to be converted using Listnr’s speech synthesis engine and press submit.
    • Listnr’s TTS engines will convert the given text into high-quality speech and make it ready for distribution.
    • Use the synthesized speech as voice-overs for your videos or distribute your blog as a podcast on different platforms.

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    Listnr – Pricing

    1) $59 Plan

    • 45,000 Words Per Month
    • 100 GB Storage
    • 1 User Account
    • 17+ Languages with 30+ Dialects and Voices (more coming soon)
    • Unlimited Summaries
    • Unlimited Embedding
    • Audio Player customization
    • Audio Player Analytics
    • This plan is stackable up to 4 codes/times. Each stacked code will add the following = +25 Audio conversions per month, +45,000 Words Per Month, +100 GB Storage, +1 User Account (team member)
    • 60 Days Refund Policy

    2) $297 Agency Plan

    • 300,000 Words Per Month
    • 500 GB Storage
    • 5 Sub Accounts (Teams)
    • 10 User Accounts (Team Members)
    • 17+ Languages with 30+ Dialects and Voices (more coming soon)
    • Unlimited Summaries
    • Unlimited Embedding
    • Audio Player customization
    • Audio Player Analytics
    • Commercial Redistribution Rights and White-Labeling
    • 60 Days Refund Policy

    3) $39 Agency Add-on Pack (Addon pack for the $297 Agency Plan)

    • 10,000 Words Per Month
    • 25 GB Storage
    • 1 Sub Account (team)
    • 2 Team Members
    • The add-on pack will be stackable up to 5 codes/times. Each stacked code will add the same above-mentioned features of this plan.
    • 60 Days Refund Policy

    Listnr – FAQ’s

    What languages does Listnr Support?

    Listnr supports more than 30 languages including English(US, UK, IN, and Australia), Hindi, Russian, German, Spanish, etc. with different regional dialects as well.

    Does Listnr have gender-specific voices?

    Yes, we support Male, Female and Neutral voices for all the 30+ languages we support!

    Who owns the Audio generated on Listnr?

    Any Audio/Podcast generated using Listnr is owned by the user, including all Publishing rights. Listnr doesn’t own any Audio generated on the platform by our users.

  • What is Automated Ticket Routing? The Basics

    Tickets are a crucial part of your help desk solution. Essentially, these pieces of information are requests for support from your service team or IT desk. With the right strategy, you can organize all those requests into a convenient order, so you deal with the most urgent requests first, and even send specific issues to those who are most equipped to deal with them, based on their unique skill set.

    An automated ticket routing system is how you turn a service desk from a cluttered environment filled with unorganized requests, into a well-managed and streamlined digital space, capable of running like clockwork. For today’s IT service management teams, this automated routing is a must have. It’s not only a way to reduce some of the repetitive tasks that your team members do each day – it could lead to better customer satisfaction too.

    How Does Automated Routing Work?

    An automated ticket management solution within your service desk software means that you don’t have to manually sort through requests. Instead, you set simple rules that your automated system can follow when figuring out when to escalate a request, or which employee should deal with which project. Automated ticket management solutions also help you to avoid missing important requests.

    The more tickets your business sees, the more crucial automated routing becomes. If you want to provide fast and frictionless support, you need to assign the appropriate issues to the right bots and agents. Everything that happens downstream in your service team begins at the point when your customer sends their issue in a ticket, and that gets routed to someone.

    Manual categorization is an often expensive and time-consuming process for businesses in the IT landscape. It takes excessive time, and is a highly repetitive, mundane task which employees can spend too much time on. However, with an automated solution, you remove the extra tasks from your employees’ shoulders, and pass them to a robot instead. That means your team can focus on what they do best.

    Using Routing to Improve Customer Service

    Automated routing strategies ensure that businesses don’t have to leave it up to human agents or specific team members to figure out who should deal with which customer or problem. Your AI solution intelligently assesses the demands of each ticket, and assigns employees depending on specific rules that you’ve already set.

    For instance, you could ask your solution to assign solutions based on a combination of employee expertise, and availability. This means that requests will immediately go to the first person with the right skillset to solve a specific problem, who also has time to add another issue to their roster of tasks. In a world where customers are becoming more demanding, and more reliant on employees to offer truly unforgettable experiences, an automated system could be the key to making your entire business run like clockwork. When everything is organized through intelligent tools, your business runs more smoothly, your employees get more work done, and your customers have higher satisfaction ratings. The result is bigger opportunities and better profits for your business.

  • Lewin’s Change Management Model

    Change is one of the core concepts in the world of business. Organizations and entities that do not keep up with the changes in the status quo cease functioning sooner or later. Therefore, organizations need to evolve consistently to remain visible.

    Although we are familiar with the need to change, we somehow can’t manage to change with time. Flexibility with respect to one’s plans and planning is essential. Complex procedures can make it difficult for organizations and institutions to incorporate changes or deviations.

    To alleviate this problem of change management, Kurt Lewin devised a simple method to enable organizations to transition easily. Though Kurt Lewin’s change management model was launched in 1940, it is still the most effective method for implementing organizational changes.

    What is Lewin’s Change Management Model?
    How does Lewin’s Change Management Model Work?
    Advantages of Lewin’s Change Management Model
    Disadvantages of Lewin’s Change Management Model

    What is Lewin’s Change Management Model?

    Lewin's Change Management Model
    An Insight into Lewin’s Change Model

    Lewin’s change management model is a three-stage model which can be easily adopted by any business entity. The three stages are unfreeze, change, and refreeze. The model allows organizations to adapt quickly in challenging and rapidly evolving environments.

    This change model involves making the organization environment-ready to incorporate one or more changes, implementing the required changes, and then making the organization stable after change implementation. These three stages don’t disrupt the business’s workflow.

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    How does Lewin’s Change Management Model Work?

    Suppose you have a cube of ice and you want to turn it into a conical structure. What will your first step be? You cannot directly transform the cubical piece of ice into a cone, right?

    You first need to bring the ice cube into liquid form. You will then use an ice cream cone-shaper to turn the cube into a cone. Finally, you will freeze the liquid to transform it into solid ice.

    Kurt Lewin used the same philosophy of ice to explain his change management model. The ice was turned into a liquid form from solidity (unfreeze). The second step is implementing the change which he explained by turning its shape into a conical form (change). And the last step is freezing the liquid again to turn it into ice (refreeze).

    Let’s dive into each step to understand Lewin’s model.

    Lewin's Change Management Process
    Lewin’s Change Management Process

    Unfreeze

    The first step before making a change is to get the employees change-ready. The employees must be aware of the upcoming change and the need for the change.

    Lewin’s concept behind the process was that employees become motivated to change if they understand the reason behind incorporating the change. Therefore, employees must be informed about the plan(s).

    Change

    The second stage involves making the required changes within the organization. It is the most crucial step that give a tangible shape to the change. In this stage, the organization develops new ideas and strategies to implement the changes.

    If the organization is not well-prepared for the change, it may create a lot of problems while implementing the change. So strong pre-planning is a must to apply the modifications hassle-free.

    Refreeze

    The last stage of refreezing is performed to ensure that the system is working according to the new changes. In this stage, the organization is made stable with respect to the new changes. The organization resumes functioning and the business gets back on track.

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    Advantages of Lewin’s Change Management Model

    Lewin’s change management theory is easy to understand and implement in a business organization. Unlike other methods, the change management model is easy to implement. It requires only a few steps which can be performed within a short span of time.

    The change management theory follows an efficient method which doesn’t impact business continuity. Any on-going business can easily implement this model and make the required changes.

    Disadvantages of Lewin’s Change Management Model

    The major disadvantage of the change management theory is the insecurity among employees. Employees tend to get worried about their performance when they hear about a new change. It creates a doubt in their mind whether they would be able to effectively perform their job or not.

    Another major disadvantage is the refreezing stage. It requires a lot of time to freeze and settle down with the new changes. As the changes continue to take place in a challenging environment, the organization may not have the time to get used to the modifications.

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    FAQs

    How do you use Lewin’s change model?

    The 3 stages of change under Lewin’s change model are:

    • Step 1: Unfreeze. Lewin identifies human behavior, with respect to change, as a quasi-stationary equilibrium state.
    • Step 2: Change. Once you’ve “unfrozen” the status quo, you may begin to implement your change.
    • Step 3: Refreeze. Ensure that there’s stability once the change is in place.

    Why use Lewin’s change model?

    Lewin’s change management theory helps account for both the uncertainty and resistance to change that can be experienced at all staff levels within an organization.

    What is Lewin’s change model?

    Kurt Lewin developed a change management model involving three steps: unfreezing, changing, and refreezing. For Lewin, the process of change entails creating the perception that a change is needed, then moving towards the new, desired level of behavior and finally, solidifying that new behavior as the norm.

  • Niyo Money (Goalwise) vs Scripbox: The Top Online Mutual Fund Startups

    In the past few years, many online mutual fund investment portals like Niyo Money (Goalwise) and Scripbox have come about which have simplified the process of investing for individuals. This has been mainly beneficial for investors and now gone are the days where people don’t have to go bank branches in order to be able to invest in Online Mutual Funds.

    However, before you begin investing, you need to do research on which online mutual fund you want to invest in and think about the purpose of the investment and when you need the money back. Based on that, you need to know how much to invest in equity, how much in debt, and how all of this ties in with your financial goals in life. This article will help you choose a mutual fund platform according to your needs.

    Golawise vs Scripbox

    Benefits of Investing in Mutual Funds
    Brief on Niyo Money (Goalwise)
    Brief on Scripbox
    Direct Mutual Fund Investment
    Focused Mutual Fund Selection
    Goal Based Investing
    Glide Path Strategy
    Ease to us
    Transfer Plans
    FAQ

    Benefits of Investing in Mutual Funds

    One of the key advantages of investing in a mutual fund is that each investor (even with a small investment) gets access to professional money management and expertise. Also, it would be very difficult for an investor to create a diversified portfolio of investments on his own with a small amount of money. With mutual funds, each investor participates proportionally in the return the scheme generates.

    Each unit gets a proportional share of gain (or bears loss) from the fund. There is a portfolio report generated for each investor, which tracks all investments and the returns generated by the mutual fund. Investors can draw their money any time they want, also they can invest small amount.

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    Brief on Niyo Money (Goalwise)

    Goalwise is an online wealth management platform that allows users to buy and invest in direct mutual funds. Goalwise headquarters is in Bengaluru, Karnataka. Goalwise has been a Subsidiary of Finnew Solutions Private Limited since July 2020. Goalwise has received a total of $1Million in funding. Goalwise main competition is Kuvera, Groww, and ETmoney.

    Niyo Solutions acquired Goalwise in July 2020. The company plans to launch international and domestic stocks, Robo-advisory, and auto-invest products in the next few months. Now they have started offering zero commission investment.

    It is a new age mutual fund investing platform which provides goal-based investing for investors looking to invest in direct mutual funds. With Goalwise one can easily set up SIPs or invest a large amount in the mutual funds chosen by its algorithms. If someone is a first-time investor looking to get started quickly as well as experienced investors looking for planning and automation.

    The Goalwise app has features like automation in fund selection and switching, automation in asset allocation based on the goal time horizon. The app is also highly customization to suit the needs of every individual investor.

    Company Name Goalwise
    Headquaters Bengaluru, Karnataka
    Founded On 2015
    CEO Swapnil Bhaskar
    Annual Revenue $1.2M
    Sector Consumer Finance & Credit Cards

    Brief on Scripbox

    Scripbox is an online platform that allows users to invest in mutual funds. Scripbox is headquarters in Bengaluru, Karnataka. The founder and CEO of Scripbox is Atul Shinghal, while the investors including Trusted Insight, Omidyar Network, and Accel Partners. Scripbox’s main competitors are FundsIndia, Fisdom, and Groww.

    As of August 2019, Scripbox has 413.9 thousand fans on Facebook and 2.4 thousand followers on Twitter. Scripbox is a user-friendly app-based investment platform that makes investment completely hassle-free. One can start a SIP or make a one-time investment with the help of Scripbox. It is a great app for beginners as it also automates most of the investment process through its scientific and unbiased fund recommendation. It is the only app which has algorithm that reduces Long Term Capital Gain Tax at the time of withdrawal. Scripbox also generates capital gain tax statement that will us male tax return or annual IT return. Also they do not charge for services.

    Company Name Scripbox
    Headquaters Bengaluru, Karnataka
    Founded On 2012
    CEO Atul Shinghal
    Annual Revenue $1.5M
    Sector Consumer Finance & Credit Cards

    Direct Mutual Fund Investment

    The mutual fund investment you do with the help of a broker or financial advisor includes an extra 1% which is paid to the broker or financial advisor. So some mutual fund plans are called regular plans. You should read about the expense ratio to learn how your broker, commission agent and distributor agent, and distributor make money when you invest in mutual funds.

    With Goalwise, you will be investing only in direct mutual fund plans and will be earning an extra 1% on your overall investment. Scripbox however has an algorithm that creates a basket of ten mutual funds. The firm claims to make mutual fund investment simple and jargon-free for investors with no financial background. It also allows the customer can keep a check on their portfolio from their mobile or computer.

    Types of investments provided by both Goalwise and scripbox

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    Focused Mutual Fund Selection

    One of the challenges of mutual fund investing is to find the right mutual funds to invest in a lot of them are dependent on friends, network, and information on the web to find the right mutual fund. However, the bigger challenge is to know when to get out of a particular fund. Goalwise has a wide fund selection criteria and also tries to solve this problem by using data to suggest mutual funds.

    When it comes to Scripbox it has more than 8000 choices in the market with seasoned investors which will give a tough time in deciding which to invest in. The Scripbox algorithms choose to perform mutual funds basis on their historical performance.

    Goal Based Investing

    Goal-based investing is one of the smartest ways to grow wealth and achieve all your life goals. A lot of the first time users are not aware of goal-based investing and they then focus on growing their money that is what Goalwise is known for as it is goal-based investing. When you tie up your investment with a goal, you are more likely to be happier.

    Scripbox on the other side provides growth with the principle of safety. In scripbox money is first invested in liquid funds. A fixed portion from this is then invested each month in index funds. The benefits of this are:

    • Security and stability similar to FDs
    • Better taxation than FDs thanks to indexation
    • Better returns than FDs
    • Full flexibility to stop or withdraw anytime

    Glide Path Strategy

    The glide path formula is a methodology by which asset allocation is achieved as your portfolio changes every time. Let’s understand this with a simple example from Goalwise and Scripbox :

    In Goalwise: One of your goals is to have 40 lakh for child education in the next 6 years. Based on your risk profile the initial investment will be 60% equity and 40% in debt instruments. All your SIP will be done to get exposure in the 60:40 ratio in the equity debt market.

    By the final year, your exposure on Equity: Debt ratio would be 0:100%. This is to ensure your investment is safe from market volatility and you receive your goal amount, despite the market going down. Goalwise automates this process and makes it easier for you to maintain asset allocation based on your goal time frame.

    Whereas at Scripbox they have a practical action plan in place to create your child’s college education fund. In Scripbox it starts out with the right Financial Goal where they will help you estimate the amount you will need for your goals taking inflation into consideration. After that, they will create a customized financial plan for your child’s college education.

    This plan will be based on the type of college, start date, your current savings, and the potential increase in your income. It will then make the right investments by deciding on the right mix of investments that are suited for the customer’s goals and their personal preferences.

    Ease to us

    The best part about Goalwise apart from being free is, it requires only a one-time setup. It is a complete set it and forget it kind of system. You can revisit anytime and make changes if required. However, the best thing to do is to set it up once and keep investing.

    With Scripbox it is one click investment where one can choose between SIP (systematic investment plan) and OTI (one-time investment) and invest in the recommended top mutual funds in India with a single click. You can stay on track with your investments and also inform you in case you need to change your selection.

    Transfer Plans

    In Scripbox if you want to invest a large amount in equity, If you want to invest a large amount in Equity, but also want to reduce the impact of volatility, this plan is ideal for you. Instead of keeping your large amount in your bank account, park it in liquid funds which grow 2-3% faster.

    And most importantly it is flexible. You can stop, and restart, your STP at any time. In Scripbox the amount is fully invested into Liquid funds. Then, every month, a certain amount is moved from these Liquid funds into Equity funds.

    The transfer plan in Goalwise allows you to switch from regular fund to direct fund. With Goalwise, you could track all your external investments and see which all regular funds you have invested in.  You can also move all mutual funds investment to Goalwise.

    So you decided to start using Goalwise and also move all your funds from other brokers/distributors to the Goalwise platform, you could do that with just a few clicks. If you ever feel you are stuck with your existing mutual fund advisor, a feature like this makes it easier for anyone to take control of their funds.

    FAQ

    Are the mutual funds picked by Goalwise and Scripbox always the most profitable ones?

    Every fund selection process goes through underperformance. As these services use AI, the pick would be the most accurate one. But the stock market is highly volatile, nothing is predictable. There will be ups and downs in the short term.

    What is mutual fund SIP?

    A SIP or a Systematic Investment Plan allows an investor to invest a fixed amount regularly in a mutual fund scheme, typically an equity mutual fund scheme.

    Which one is better Scripbox or Goalwise?

    Goalwise provides you a goal-based investing and it takes no commission. There are no hidden charges and no account opening and managing charges as well. This means it is completely free. Other services like Scripbox use hidden charges to get money. So, Neo Money(Goalwise) is better.

    How does wealth tech company make money?

    They apply hidden charges, account opening, and managing charges. Also the premium plans.

  • The Revival of Punjab-Maharashtra Co-operative Bank

    PMC bank became the talk of the town when it issued an EoI (expression of interest) in order to identify suitable equity investors/group of investors to take over management control and revival of its current state. The EoI was issued in November 2020 and has to be submitted to the RBI by December 15.

    The Scam

    PMC has been under regulatory restrictions since RBI found irregularities in its financial operations and hiding and facilitating loans to Housing Development Infrastructure Limited (HDIL). Rs. 6200 crore have been exposed to HDIL in this matter. In 2019, Economic Offences Wing (Eow) of the Mumbai police, arrested PMC’s former managing director Joy Thomas in connection with the fraud. The promoters of HDIL, Rakesh Wadhawan and Sarang Wadhawan, too have been arrested and are currently in jail, facing money laundering charges.

    RBI found financial irregularities in its transactions and imposed regulatory restrictions

    PMC’s total deposits sum up close to Rs 10,800 crore, advances up to Rs 4500 crore, and gross non performing assets of Rs 3500 crore as on 31st March 2020. The bank has a share capital of Rs 293 crore but registered a loss of Rs 6800 crore during the year 2019-20. It has a negative net worth of Rs 5800 crore.

    The Revival

    In a letter to the bank’s customers and stakeholders, RBI appointed administrator  A K Dixit said that the bank has already rolled out various steps in order to recover from its current state. Recovery of bad debts, cutting costs and expenses, rationalizing several branches are a few of the steps taken on the revival front. Essential IT systems are being retained, staff expenses are being kept under a strict check and various means are being found to console the stakeholders and especially the depositors.

    RBI kept a strict check on its costs and expenses

    The administration stated that the bank is currently rolling out Rs 1 Lakh to all its depositors. Other than that, hardship payments of Rs 5 lakh are being made to those with Critical or life-threatening ailments like Cancer, Covid-19, ailments related to heart, kidney etc.

    A particular development has been observed during the revival process that 20 percent of the bank’s nine lakh customers haven’t withdrawn the entire sum of Rs 1 lakh. It looks like a silver lining in the days of doom as there are a few customers that believe that the bank is going to make it through this mess.

    Required Investment

    Potential investors have proposed to convert PMC bank into a small financing bank but first, it will have to meet the regulations and an approval by the RBI. The administration is reviewing several options of investments for bringing the bank back to life.

    RBI is looking for potential investors for the bank’s revival

    Currently, with a negative net worth, the bank will need Rs 5800 crore to bring back the net worth to zero and another 1000 crore to maintain the adequacy ratio of 9 percent to restart the business.

    Further proceedings

    Administrator will weigh pros and cons for each investor and give recommendations to RBI

    Initially, four entities had shown interest in investing but only three entities have submitted their interest in the revival of PMC so far. Mumbai based Surindar Mohan Arora (Ideal Group) is understood to have submitted the LoI (letter of intent). Identities of other entities have not yet been ascertained. The last date for submitting the LoI was December 15 2020. An extension has been granted and the investors have been given February 1, 2021 as the final date to submit their final offer. The RBI administrator A K Dixit will be studying the plus and minuses of all the Letters of intent. After their recommendations, RBI will take a call on which entity is suitable for taking over the management control and commencing day to day operations of the bank.

  • The Car Sales In India In 2021 Insights

    The car sales in India in 2021 for the month of April and partial resumption of operations in May, the coronavirus pandemic coupled with the 18-month lockdown was a major pulldown for the Car Industry’s income for this monetary year. However, with the launch of Covid 19 vaccine the businesses have gradually increase pace as car manufacturers has notices a moderate growth of car sales in India, January 2021.

    Moving forward, the restoration majorly is based upon the unfolding of the contagion. But OEMs are pinning their hopes on pent-up patron names for the easing of lockdown regulations and the imminent festive season. The dealers, have in a huge part dusted off its palms over the BS-IV inventory, besides a minimum quantity left stocked on the dealerships in containment zones of city cities.

    Passenger vehicle sales in India 2020
    Two-wheelers sales in India 2021
    Commercial Vehicles sales in India 2021
    Frequently asked questions – FAQS

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    Passenger vehicle sales in India 2020

    India’s biggest carmaker, Maruti Suzuki India Limited (MSIL) income fell throughout the segments. While mini automobiles mentioned a 40 % decline, income for compact automobiles. Homegrown automaker Tata Motors announced in April that it has resolved to record quarterly income data, each in wholesale and retail, as a substitute rather than following the enterprise exercise of sharing it on a month-to-month basis. The automaker as a consequence mentioned a 61% dip in home income at 14,571 devices in Q1FY21.

    Passenger Vehicle Market Share- India
    Passenger Vehicle Market Share- India 

    Shailesh Chandra, President, Passenger Vehicles Business Unit (PVBU), Tata Motors, supported a steeper healing of retail in car sales in June 2021.However, retail became extra potent than wholesales through 27%.The corporation additionally offered 328 EVs later in the area. For Hyundai, launches of Creta, Verna, Aura contributed to the growth in model wise car sales in India 2021. Maruti Suzuki, Tata Motors and Hyundai continue to be the top three highest selling vehicle manufacturers in the country in January 2021 and car sales statistics of 2021.

    Two-wheelers sales in India 2021

    World’s biggest wheeler maker The Hero Moto Corp is now the top two wheeler manufacturer in India in January 2021. The company sold 4,67,776 units, while Honda comes at the second place  as it sales increase to 4,16,716 units with a 11.39% volume increase. TVS motor company is in the third places 2,05,216 units were sold with an increase of 25.89%. While Bajaj Auto has also announced that it has now sold 3,84,936 two wheelers in the month of January 2021. This is a direct growth of 16% in terms of overall two wheelers sales.

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    Commercial Vehicles sales in India 2021

    India’s biggest business automobile producer Tata Motors’ general CV income (domestic + exports) crashed 90% to 10,476 devices in Q1FY21 as in competition to 1,00,357 devices throughout the equal duration in FY20. As the United States moved to the unfastened up phase, all flowers started out out operations from the stop of car sales in May 2020 and ramped up manufacturing regularly as elements availability improved. Retails modified into 67% within the returned of wholesales due to the fact of negligible beginning stock on the sellers and muted name for.

    Indian Automobile Market FY2020
    Indian Automobile Market FY2020

    Maruti Suzuki

    Maruti Suzuki is the India’s country’s car manufacturer, Maruti Suzuki witnesses sales of 1,39,0002 units in January 2021 as compared to 1,39,844 unit sales in the same period last year with an 0.6% increase in sales. The top 2 key contributors for Maruti Suzuki in January 2020 were the Alto (18,260 units), Swift (17.180 units) and the Wagon R (17.165 units).

    On the UV front, the Vitara Brezza bought 1,10,641 gadgets, down 30 % over FY2019. Maruti concluded its transition to BS6 shunning diesels, with the diesel-handiest Brezza receiving Suzuki’s 1.5-liter petrol in early February. Combined with the S-Cross, Ertiga, and XL6, Maruti’s basic UV portfolio noticed an 11% drop in income to 2,35,298 gadgets, but the decline become cushioned through manner of approach of a superb reaction to the Ertiga (90,543 gadgets, up 39 %).

    Hyundai

    India’s second biggest carmaker in 2021 recorded a 11% decline in model wise car sales in India 2020. Hyundai’s typical the front runners similar to the i20 (1,08,091 devices, down 23 %), the Grand i10 – which include the emblem new Nios – (99,592 devices, down 21 %), and the Creta (82,074 devices, down 34 %) couldn’t get away the slump. The company however, has witnessed a healthy 23.8% growth with 52,005 unit sales in January 2021, which compared to January 2020 was only 42,002 unit sales. The top 3 cars sold by January 2021 the Creta with 12,284, Venue (11,779 units) and the Grand i10 at (10,865 units).

    top car manufacturers in India

    Mahindra

    In the Fiscal year 2020 became tough for homegrown carmaker Mahindra & Mahindra due to the fact that it observed a 26 % decline in income. Volumes of its maximum seller, the Bolero, dropped 30 %, during the same time the Scorpio observed a 18 % decline.

    In January 2021, Mahindra continues to grow significantly  as it has registered 4.8% growth in January 2021 with 20,498 unit sales as compared to 19,555 units sold in January  2020. The top three most sold Mahindra cars are Bolero (7,567 units), XUV300 (4,612 units) and last but not the least the Scorpio (4,083 units) are the main key contributors to the overall sales.

    The automaker has simply released the BS6 Bolero, and has the BS6 Scorpio in the making, each of that could prop up numbers as quickly as income resume. The release of the XUV500 and the rollout of its new medallion petrol engine very own circle of relatives in FY2021 ought to assist generate buzz and momentum throughout the emblem.

    Tata Motors

    The company has recently witnessed 26,980 unit sales as compared to 13,893 unit sales of 2020. The company has grown 94.2% growth in January 2021. The top three sellers of Tata motors are Nexon with 8,225 units, the Altroz 7,378 units while the Tiago with 6,909 unit. What is not surprising is that Nexon has registered its highest ever sales milestone in India last month.

    Frequently asked questions – FAQS

    What are the top two wheeler sales in India 2021?

    • The Hero Moto Corp
    • Honda
    • TVS motors

    What are the top car manufacturers in India?

    • Mahindra
    • Maruti Suzuki
    • Hyundai
    • TATA motors

    Top selling cars in India 2021?

    • Maruti Swift
    • Maruti Alto
    • Maruti Bolero
    • Hyundai Grand
    • Maruti Wagon
    • Kia Seltos

    What are other top car companies in India?

    • Honda
    • Mahindra
    • Maruti Suzuki
    • Hyundai
    • TATA motors