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  • Tesla’s Long Awaited Launch In India

    In the automobile industry across the globe, Elon Musk’s Tesla is the leading brand that manufactures Electric Vehicles and the company plans to revolutionize its cutting-edge innovations. Elon Musk announced earlier officially, that he intends to launch Tesla vehicles in India over the coming years.

    After Tesla’s CEO made this announcement official, Maharashtra Tourism and Environment minister, claimed that he held a video conference with Tesla executives and have invited them to their state. India minister claimed that Musk’s firm belief in sustainable and environment-friendly growth has made him active in bringing the electric vehicle maker in the country and established a fanbase in Indian states.

    On the contrary, Elon Musk replied on Twitter to a tweet from an Indian profile which wrote, “Next year for sure”. However, Musk did not specify any official date or timeline for the proposed launch yet. It is worth noting that Elon Musk announced the plan to launch the company’s vehicles in the country in the year 2018.

    Musk’s company, Tesla has been experimenting with super and advanced technologies to develop more environmental friendly vehicles that help in protecting environment.

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    In the world’s second most populated country, India, pollution has always been a challenge to overcome over the years. The government’s initiative to bring the EV company in the country will aid in environmental protection and increase in number of jobs. The government also has to look in terms of the demand production of the EV company.

    The fact of establishing EV in the country is that their sales are essential, but more important is setting up a manufacturing plant in India. Due to the global pandemic, high and raging unemployment has reigned supreme in the country.

    If Tesla established the production setup in the country, it will boost the economy by increasing the citizens’ job opportunities. The Indian government would take a step towards the future of tech in the automobile industry, starting with Tesla.

    Elon Musk's tweet about the Tesla's launch in India
    Elon Musk’s tweet about the Tesla’s launch in India 

    Challenges for Tesla’s Launch in India

    Tesla has been monitoring the Indian market for quite some time now but has been unsuccessful due to some reasons like lack of infrastructure, policies, and the market for electric vehicles.

    In the year 2019, the government has lowered the custom duty on EV commodities and parts to around 5%. Pre-assembled EV components will attract almost 15% taxation whereas the ones assembled in India will attract 10% taxation.

    And at the same time, the Central Board of Indirect Taxes had withdrawn the exemption of customs duty for EV batteries, to boost the company’s products in India, which might help the Indian EV system and the government’s Make in India initiative in the longer run.

    However, the plan couldn’t get through and only the base has been set, there hasn’t been any major development in EV and its parts manufacturing in India, especially the ones that will be competent for Tesla’s technology.

    Even though several Indian startups are looking to speed up the process, the timeline is still not defined. Addition to these, with the lack of technology, there is also a lack of infrastructure to accommodate EV on Indian roads.

    Tesla's Top Models
    Tesla’s Top Models

    Musk had spoken about India’s strict vehicle import policies earlier. India’s increasing duties on vehicles has delayed Tesla’s entry into the Indian market. Additionally, India’s inadequate EV infrastructure and the low per capita income may have also influenced the California-based carmaker’s decision.

    Elon Musk‘s tweet in 2019 read, “I am told duties are extremely high in India (up to 100%) even for electric cars. This would make our cars unaffordable.“

    As per a report the transactional market size of electric vehicles is expected to be $7.2 Billion in 2026 and 2030 respectively, with 97% of total EV transactions to be in the commercial vehicle segment by 2030.

    Developing charging infrastructure is another difficulty that the company will have to cross. Tesla model 3 which is a complete package in a car, has 50 kWh battery pack which can cover around 355 kms. The government of India is targeting the year 2030 by which it plans to go all-electric in terms of new car sales in the country.

    There is hope from the Indian government on making charging points throughout the country to push the go green movement. Buyers may also face the problem of not getting the workshops throughout the country as the company would be just setting up in India. As the vehicles are fully electric, no common mechanic can even try to fix it.

    If Tesla comes to India they may also face the problem regarding the price of the cars as the price of Tesla cars starts from Rs 35 lakhs. The Tesla cars will be under the luxury section of vehicles, so the customers who will buy will be only the privileged section of India.

    Conclusion

    The final line must be that if Tesla comes to India, it has to take a greater risk not only in terms of competition but it also has to deal with the purchasing behaviour and nature of Indian people. If the company is aiming to establish their roots in the Indian environment it does need to look through the fact that the number of electric cars sold in India in a year is much less than other countries.

  • Introduction to SaaS and OnUpKeep

    SaaS stands for ‘Software as a Service’. SaaS companies operate by hosting applications, making them available to customers via the internet. A SaaS company runs and maintains the software, databases, and servers for the customer’s application, allowing them to access it remotely.

    SaaS companies charge customers for their services through subscription methods, charging them a monthly or yearly fee, and subscription rates are based on the quantity of data that needs to be stored on the servers, the traffic the application receives, along with the level of technical support needed.

    The benefit of this service is, if you do not know how to manage servers and software, or if you do not have the money to invest in the hardware, SaaS companies provide that for you.

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    Types of SaaS Applications Used by Customers

    1. Website Hosting

    This SaaS application hosts the customer’s website or application and handles the requirements needed to maintain its online entity, as well as ensure that it functions smoothly.

    2. CRM – Customer Resource Management

    CRM services are when SaaS companies manage their client’s customer details and sales history, allowing them to track product sales and other details that help a company better retain its customer base and develop deep customer relationships in order to boost sales.

    SaaS Introduction
    SaaS Introduction

    3. ERP – Enterprise Resource Planning

    ERP is a business management software that customers use to store, manage, interpret, and organize the data generated from the functioning of a business.

    ERP software provides you with business statuses through the use of a database management system. ERP software does this by tracking raw materials, money, purchase orders, payrolls, production capacities, and many other things.

    ERP for SaaS companies share data throughout various departments, such as; purchases, sales, manufacturing, and accounting. The ERP database facilitates the flow of information between these departments or business functions.

    4. Project Management

    SaaS companies also offer project management software to their clients in an online cloud-software form. SaaS companies offer a top of the line project management applications that can assist production from start to finish. This includes bug tracking, ticketing, online chat platforms, cost and budgeting, report generation, template creation, document sharing, invoicing, resource, task and workflow management, along with numerous other features aiding in management.

    5. Invoicing and Accounting

    This is another cloud computing software offered by SaaS companies which are specially designed to handle the invoicing, billing, and accounting needs of a business. There are SaaS accounting applications with a wide range of other accounting-related functions which can enable you to perform every aspect of accounting needed in a business.

    6. Human Resources

    SaaS companies also offer applications for Human Resource management which can track employee details, work hours, and schedules, tasks, payroll management, and recruitment.

    As modern business organizations have branches all over the world. The Human Resource department can benefit from using a centralized database that can store all your information. It makes it easier to access as you can do so on the go, as well as offer increased security of your information.

    7. Data Management

    SaaS companies offer tools for Data Management, allowing clients to analyze their data, identify weak parts and come up with strategies. There are encryption options provided as well, so clients can secure their data.

    For those of you looking for cloud-based software for your businesses, here are some of the best SaaS products and applications available out there.

    The Benefits of Using SaaS Services

    Benefits of using SaaS services is that they offer a centralized database. A business owner will not need to go through the hassles and primary bulk investment involved in setting up your own personalized software and server room, as well as maintaining them in the long run.

    Primary Benefits of Using SaaS Services

    • Cost Effective

    SaaS companies offer their services on a subscription basis. This eliminates the investment a business owner will have to incur in setting up servers and creating software, along with the expenses needed to manage them. Being able to use these facilities at a marginal cost is extremely beneficial. However in the long run, if your business is established, and you feel that it would be cheaper if you can create and manage your own database, you can proceed to do so.

    • Maintenance

    SaaS companies have skilled personnel that help maintain their services. They will handle all your queries and software updates, and implement it at a centralised location. In doing this, customers will not need to manually update or manage their software. They simply have to log in and use the application.

    • Remote Access

    Another attractive benefit is, since these applications are based out of cloud-computing software, you can work from anywhere with only the need for an internet connection. There are no hiccups with updates and software compatibility as the software is updated on the website. Employees and business owners are also benefited by being able to work from anywhere.

    • Expandable Capacity

    SaaS companies price their subscription rates based on the scale of business. If your business is increasing and requires expanding, that option is available to you. You can add more users and expand storage simply by increasing your subscription package. If you had to do this by yourself, you will have to procure additional software and hardware, which is a hefty cost to bear.

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    About OnUpKeep

    OnUpKeep is a CMMS(Computerized Maintenance Management System) software that provides businesses with management systems. This includes asset tracking, inventory management, and many other functions.

    It also enables businesses to create work orders, receives notifications, and work with technicians in real-time, giving them transparency of business. OnUpKeep is a highly established player in the CMMS industry. Some of their big clients are McCormich, Unilever, Yamaha, amongst many others.

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    Features of OnUpKeep

    OnUpKeep provides a number of unique automation options to its users.

    Here are some of these features:

    • Preventive Maintenance

    Preventive Maintenance is set up in order to avoid breakdown in assets or facilities. OnUpKeep provides you with tools to help you schedule maintenance tasks and generate incident reports, and many other functions.

    • Work Order Management

    OnUpKeep provides tools for workflow management. Users have everything they need to organize tasks and manage work orders. As everything is present in one location. Users can monitor workflow with ease and ensure that everything is updated and on track.

    If you’re looking to automate certain aspects of your business, here’s more OnUpKeep reviews, pricing, pros and cons, and solutions.

    FAQs

    What is meant by SaaS?

    SaaS stands for ‘Software as a Service’. It is a way of delivering applications over the Internet—as a service. Instead of installing and maintaining software, you simply access it via the Internet, freeing yourself from complex software and hardware management.

    What are the characteristics of SaaS?

    Few major characteristics that apply to most SaaS providers:

    • The service is purchased on a user subscription basis.
    • No additional hardware is required to be installed by the customer.
    • Updates are applied automatically without customer intervention.

    What are examples of SaaS?

    SaaS Examples: BigCommerce, Salesforce, Google Apps, Dropbox, MailChimp, DocuSign, ZenDesk, Slack, Hubspot.

  • How To Overcome Challenges While Starting Your Own Startup?

    One thing which is obvious in this era of startups is that it’s not going to be easy like slicing a butter with knife. While a large number of these startups shine and thrive, others sadly vanish into the oblivion. Circumstances have been particularly hard considering recent economical changes well.

    Nothing comes easy. The road ahead for startups is anything but a smooth one. So, it is important for them to execute their business plans in a manner that proves their vision and worth.

    Now, let’s address the most important question: Why do new businesses fail? Here in this article, we will examine with engaged approach concerning what are the most well-known issues of startups and their solutions.

    Startup Challenges
    Startup Challenges

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    Money

    Money is one of the most important assets without which the base of a startup cannot be created. Small startups depend heavily on funds from the investors. Also, when monetary issues hit a startup due to any reason, they can hit hard, thus postponing significant developments like rolling out items, recruiting key staff, or building more workplaces.

    While taking help from an established and reputed monetary firm might be able to help with money related emergencies which threaten the startups, the real solution to a flourishing startup is to ensure that you understand your receivables, payables, and the net situation consistently with the end goal for you to prepare. It’s important to have emergency funds before you start and add it in your business plan and budget accordingly.

    Team building

    A hastily chosen team can break your dream of driving your startup to success. Look beyond resumes and use your best judgement to choose your dream team. When posting job vacancies be detailed about what precisely are you searching for and with what financial plan and advantages. Also, make sure you clarify what qualities newcomers must have, what the job obligations would be and what hours and days they would be working.

    This will spare yourself a huge load of time as individuals who might apply would know about the financial plan and obligations while applying.

    Erratic business planning

    Proper business planning is the key for startups to make their businesses take off. Due to poor planning, many businesses fail in the very first year because they do not effectively look into the challenges and pitfalls. If their business plans lack perspective, they are destined to fail or they have to continuously devise and change them.

    So, before launching your startup, it is vital for you to carry out a thorough research by investigating from suppliers to taxes to competitor prices. This approach is the bedrock for a successful business, which needs to be viewed in holistic way so that vision for the product is aligned with the identified target audience. Writing an effective business plan in the earlier phase helps startups to define what their business is, the market it serves, how it will conduct operations, and the money it will make and spend.

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    Finding customer loyalty between fierce competition

    Continuously consider your optimal customer base and how to earn and retain them. You are the person who gives answers to their necessities, and that must be your business reasoning. Your business can grow in case you have clients who are pleased with you and who will spread out kind words about you through verbal promoting, online media, and so forth.

    But remember, the corporate world is extremely fierce. If you have a startup that has been established recently, the opposition gets even tougher.

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    In any condition, the road is not easy for startups. There will consistently be rivalry, and the competitors would whisk away your clients and customers. It would be advisable for you to analyze the qualities and shortcomings of your competitors, be aware of not committing the same mistakes as them and be different and unique as much as possible. Remember to be firm in your identity and vision.

    Partnership

    Partnership is the way to progress. Humans were, are, and will be social and mingle with each other. But when it comes to leading your startup to success, be eagle-eyed. In this ever-growing and ever-changing digital time, where startups need to fight hard for their endurance, new businesses find it hard to track down reliable partners. Taking everything into account, stakes in partnership are a lot higher for startups. One wrong move and everything would collapse.

    A partnership may deliver incredible profits for the startups, however they have to consider a variety of factors before settling on any choice to team up with another startup working in a similar ecosystem. To reap the maximum benefits out of a partnership, startups should search for partnerships that enjoy a good presence inside the market and a fair share of rivals.

    In a nutshell. a keen eye, well-thought decisions and the persistence to keep moving forward would pave the way for your startup’s success.

    This article is contributed by Amit Tyagi, Founder and CEO of Neuherbs India

  • How do OYO Rooms Work?

    Oyo Rooms is the largest branded community of lodges presently running 450,000 listings in 5,000 towns in India, Malaysia, UAE, Nepal, China and Indonesia. The organization commenced its operations by constructing its enterprise version around the aggregator enterprise version.

    Oyo rooms working model operates on the investment worth $1.7 Billion (modern investment raised on April 1st,2019). Meanwhile, the organization values $5.7 Billion with its headquarters in Gurgaon, Haryana. Oyo rooms offer their services in India in conjunction with worldwide locations like China, Malaysia, Nepal, the United Kingdom, the United Arab Emirates, Saudi Arabia, the Philippines, Indonesia and Japan with serving more than than 500 towns in India whilst running greater than 45,000 rooms globally as of January 2019.

    Ritesh Agarwal, founder of Oyo Rooms stated that Oyo is now including 10,000 rooms or near 500 lodges each month below its franchise version. The shift in its enterprise version has additionally allowed Oyo to elevate its fee. Earlier, below the aggregator version, Oyo charged 18% fee from resort proprietors each month.

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    Oyo Pricing System

    Moving to a franchise version had little or no effect on the pricing of rooms, the finance class of rooms priced Rs1,000-1,500 in line with nighttime will stay unchanged. The finances Oyo Rooms class below the franchise version will now fee everywhere among Rs1,000 and Rs2,500; the Oyo Town House class has a price range of Rs2,500 and above, and holiday houses below the Oyo Homes class will cost Rs1,000 in line with the room.

    Oyo Rooms Dominate the Market by 68%
    Oyo Rooms Dominate the Market by 68%

    Earlier, the organization used to arrange the accomplice with lodges, rent a few rooms, and promote them below its personal logo. Even though the procedure remains the same, Oyo Rooms enterprise version has modified its path to a new structure. To preserve the logo image, they make the companion’s offer offerings at predetermined requirements whilst they lead them to greater visibility to their user-base.

    Earlier the company used to rent lodges at a predetermined rate and supplied them to the customers at a take-up rate. This has been modified to a fee-based totally sales version. Oyo rooms charge a commission of 22% from its hotel partners. However, this commission does vary according to the services provided by the brand.

    Agarwal was among the select few chosen for the two-year mentorship program run by Peter Thiel, co-founder of PayPal, early Facebook investor and the person who many name as the worldwide tech industry’s influential figure.

    Since its launch in 2013, Gurugram-based Oyo has emerged as one of the biggest motels and rooms platform for travelers looking out no-frills, cushy lodging at much less expensive prices. While Oyo Rooms has modified lots over the years, tweaking and re-modelling of the unique industrial enterprise concept for Oyo, the middle concept is to attach travelers with motels.

    The company has gone from budget hotel aggregator to a hospitality chain and a real estate business too. Oyo rooms cost a fee of 22% from its lodge companions. However, this fee does range steady with the offerings furnished with the resource of using the brand. The beginning started out on an asset-mild version however over the years, with investments throughout numerous companies inside Oyo, the organization has long passed from rate range lodge aggregator to a hospitality chain and an actual property enterprise too.

    Oyo Rooms Business Model

    The organization could rent the lodge rooms and revamp it to a standardized format, allow reserving through its website or application. However, in 2015, the organization started moving to a franchisee version, wherein, in choosing leasing rooms, it started out offering partnerships to motels. Here are the numerous verticals that Oyo has brought over the years.

    • Hotel room aggregation
    • Franchise version
    • Owned motels
    • Co-living

    Hotel Room Aggregation

    Oyo in 2016 had 5,855 motels in its community with a complete stock of over 68K rooms, while nowadays it has a portfolio of greater than 35K motels and 125K holiday homes, and over 1.2 Million rooms throughout 80 worldwide locations and 800 cities. Its verticals range from vacation homes, enterprise motels, casinos and co-working areas.

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    That boom has additionally been made feasible because of the fact that the startup saved iterating the version and ensured that it now no longer stays restricted to the rate range lodge space. With extra than one round of investment secured from maximum important traders which include Softbank, the startup ventured into extra modern classes and has continuously released new ventures or manufacturers below its umbrella.

    Oyo Rooms in India VS China
    Oyo Rooms in India VS China

    Franchise Model

    In 2017, Oyo CEO Agarwal announced that the organization has “developed its enterprise to a 100% extraordinary franchise, manipulate or operate. We no longer anymore do lodge aggregation and feature flip out to be a full-scale hospitality organization.” Oyo’s shift from lodge aggregation to franchise version were given here in particular to lessen its operational fees and to enhance serviceability, the organization stated.

    For instance, Oyo Townhouse is deliberate and constructed throughout the needs and desires of millennial visitors beginning in particularly designed beds, TVs, open areas for conferences and greater. While merchandise like Collection O is a mid-scale enterprise lodge presenting larger and spacious rooms with pinnacle rate furnishing and linen, on-request laundry, limitless breakfast, 24X7 in-room dining, high-velocity WIFI workstations in each room etc.

    These merchandises were a separate Oyo product, in which the organization rents out homes and renovates them based totally on the wishes and plans. So, overall, the organization has stopped reserving unique rooms for Oyo visitors, however alternatively, books the complete lodge or flat below its call and rents it out to customers.

    Owned Hotels

    Further, the organization gives its lodge companions the choice to run the assets both themselves or allow Oyo to run the operations. The organization additionally gives economic guide through its partnership with economic institutions that have allotted loans to greater than a hundred properties. Loans are to be had for upgrading space, operating capital and different wishes.

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    Co-living

    As in retaining a combined report with the resource of using Jones Lang LaSalle (JLL) and the Federation of Indian Chambers of Commerce & Industry (FICCI) the Indian co-living marketplace is predicted to boom at a robust CAGR of 17% within the subsequent 5 years. Identifying the marketplace opportunity, Oyo entered the phase in 2018 with Oyo Life, which operates a fully-provided condo housing arm of Oyo.

    Oyo believes that the maximum important benefit of co-living areas, alternatively than paying visitors or serviced apartments, is that it notably cuts down the value of residing because of the fact now no longer handiest do humans proportion the lease however additionally revel in upload on offerings which include each day housekeeping, laundry/ on-name resident facility control; curated meals, etc.

    Oyo works with big builders and impartial asset proprietors to take over a whole building, tower or an impartial house. Oyo Life isn’t an aggregator and takes obligation for a stop to stop control of areas, rent whole homes, furnish, clean rework.

  • Project Management Tools for Freelancers

    Would you rather choose a job opportunity where you get to decide who your client is, choose your workload and have the flexibility of working at anytime that you deem fit? Because that is exactly what freelancing is all about. Owing to these reasons, many young adults have taken up freelancing jobs in various domains such as web development, content development, marketing and other fields. As lucrative as it may seem, freelancing does not come easy and demands its fair share of time investment and management software.

    This is where Project Management Tools come in. These tools help users in planning, scheduling, and delegating work, collaboration with different team members with organised dashboards, storing files, and tracking your progress through resource management and reporting. Such tools can be of great help when it comes to taking up projects, as they help freelancers in almost all aspects of managing a project. In this article, we compare the top five Project Management Tools for freelancers, in terms of features, pricing and utility.

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    Project Management Tools

    Asana

    Asana Project Management tool
    Asana Project Management tool

    Asana is Project Management Tool for freelancers, which focuses on team work management and allocation of work. The list view feature of Asana helps users to identify what work needs to be done, and where and when it is due. You get to spot overlapping tasks and Asana helps you identify the unscheduled and independent tasks which you can replace with the one’s overlapping. Moreover the board feature helps your team to focus the task at hand by creating stage wise work, so the project is easily manageable.

    Solutions by Teams

    • Solutions for Marketing teams: Asana helps Marketing teams by planning a course of action that reduces the work load and creating a clear vision of expectations and goals. It helps you develop a marketing strategy and and execute it with instant requests and approvals eliminating ad hoc tasks.
    • Operations: Asana helps users by automating manual tasks and streamlines efficacy by reducing errors and reducing time spent on common projects. Moreover the Status feature in Asana helps turn progress into visual data to help track progress with ease.
    • Sales Management: Asana helps get all the information to respond to customer requests and establish common projects as templates and visualize progress. Templates such as Pre-Sales Deal support, Pipelines and Account tracking help teams to get insights on their sales data and customize workflows.
    • Product Management: Asana has been hailed as one of the best tools to market products and for good reason. It helps to plan product workplan along with priorities, reach milestones and have better coordinated product launches with resource shifting whenever required.

    Solutions by Workflow

    Asana offers solutions categorized by workflow such as Project Management, to track and manage team projects and Workflow Management which helps you create custom processes to cater to your needs. It also allows you to manage calendar to create and manage work by schedule along with remote collaboration, which has become the need of the hour, given the pandemic has halted travels and commute. Moreover, be it prioritizing tasks, or boosting productivity, Asana helps users be agile and flexible, which is the backbone of freelancing and hence is considered one of the best Project Management Tools for freelancers.

    Pricing model for Asana

    Basic Premium Business Enterprise
    Comes free of cost Costs $10.99 per month per user when billed annually, and $13.49 per user when billed monthly Costs $24.99 per month per user when billed annually, and $30.49 per user when billed monthly Depending on the scale of enterprise, user needs to contact the sales team to find the actual cost
    Build for teams and individuals new to freelancing For teams that have been in freelancing for a while and want to build projects for portfolio To manage professional work for institutions For large scale organisations
    To manage tasks and achieve goals for beginners with all the basic features for freelancers Best for teamwork projects and comes with Dashboard, Advanced search and reporting and Admin console and much more Comes with all amenities of Premium version along with advanced integrations and custom rules building Advanced features suited for enterprises such as user provisioning, custom branding, and online support

    Trello

    Trello Project Manager

    Trello is a team management tool for freelancers which helps users collaborate and coordinate with any team for the simplest projects such as a client meeting, webinar, or a website launch. Like any other project management application for freelancers, it helps users to draft out a schedule, create and follow up on deadlines, adding comments and attachments. Moreover its workflow automation tool, Butler helps you surge your productivity with rule based triggers, calendars, due dates, cards, and board buttons.

    Butler: Workflow automation tool 

    Pricing model for Trello

    Free Edition Business Class Edition Enterprise Edition
    Comes free of cost Costs $9.99 per month per user Costs $17.50 per user per month for 100 users and the cost per user decreases with increase in users
    Offers 10 Boards per team and unlimited cards and lists with just 10 MB per file attachment All the free features along with 250 MB per file attachments and advanced checklists and priority support All the Business class features with Powerup Administration, Oranization wide permissions and public board management
    Simple automation with Butler with 50 command runs per month Strong automation features with 1000 command runs per team along with 200 per user Best in class automation with unlimited buttons, rules and unlimited commands

    Wrike

    Very similar to the first entry in the list, Wrike offers Project Management solutions by teams and by use cases. Like other tools, Wrike offers remote collaboration between employees of an enterprise or team of freelancers with customizable dashboards and workflows. Moreover real-time comments, dynamic reports, and notifications Wrike offers streamlined flow of information for seamless team management.

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    Project Management tools for remote teams

    Solutions by teams

    Wrike offers solutions ranging from Project Management and Marketing teams to Professional Service and Product Development encompassing most of the aspects for a Project Management Tool. Real-time visibility helps you avoid delays with proper planning and delivering result through them. Also, Wrike offers need based templates to cater to your specific needs. The Product Management solution offers a central product vision to break down silos, improving team coordination and managing resources efficiently to extract maximum output from the team.

    Solutions by User Case and Workflow

    Solutions for use case, provided by Wrike include:

    With features such as full visibility and minute details for enterprise level project management, to unification of group communication and actionable takeaways from meetings and discussions for Agile projects, Wrike works like magic and has earned its spot on the best Project Management tools for freelancers.

    Pricing model for Wrike

    Free Version for 5 users Professional Edition for 5/10/15 users Business Edition for 5-200 users Enterprise Edition for Unlimited users
    Comes free of cost Comes at $9.80 per user per month Comes at $24.80 per user per month Varying cost according to the plan, requires the user to contact support
    Basic features such as Task Management and Activity Streaming All basic features along with subtasks and advanced integrations including MS Project and Excel Basic features along with real-time reports, graphic analytics request forms and other features All business features in addition to directory integration, 2 factor authentication, audit reports and other advanced features
    Offers 2 GB storage space Offers 5 GB storage space along with 15 GB video upload space per month Offers 50 GB storage space along with 15 GB video upload space per month Offers 100 GB storage space along with 15 GB video upload space per month
    Offers Gantt charts, shareable dashboards, and collaborators Offers Salesforce integrations and branded workspace Offers Network access, Buiness Intelligence, and advanced User Access Controls

    Thrive

    Thrive Project Management

    Thrive has been a go to Project Management tool for many professional freelancers and amassed positive reviews owing to its user friendly interface and efficient and smooth running. Thrive helps users to be updated on projects with performance reviews, deadline insights based on past projects and manage tasks. Time sheet of Thrive is one of the most seamless to handle and maintain and gives users the easement of manually controlling it in case of errors. It also allows you to assess the hours put into work, so you can charge for the time you have spent working on a project, without any hassle.

    Thrive also allows users to create quick and appealing invoices, which are simple to create and send, with instant field submission, hence saving time. Another reason you can use Thrive is because it allows integration of Business Intelligence making it easy to interpret figures and facts, along with insights into your expenditures, both, one-off and recurring. Additionally, Thrive also offers a client section, which comes in  handy when your client list grows, so you can keep check on what all you have completed and what remains.

    Pricing model for Thrive

    Thrive offers an extremely simple pricing model, that costs $19 per month per user for the individual user version, while it costs $20 for team based version, per month per user. The features it offers in both editions are the same including invoices, expense assessment, time-sheet, clients, analytics, and resource management.

    Bonsai

    Bonsai Project Management

    Bonsai is a user friendly Project Management tool for freelancers, that specializes in integrating applications and automating workflow for seamless business management. With creative and custom invoices, Bonsai sends automated payment reminders on your behalf to your employer. Moreover, with a Projects and Client CRM, it helps you organize your documents and files while keeping a track of time with an automated time-sheet.

    Bonsai allows you to generate a contract template which can be e-signed in no time while also helps you in simple task management built for all kind of works, ranging from website development to photography. Moreover, Bonsai encompasses major countries including UK, Canada and Australia, and supports about 180 different currencies.

    Pricing model for Bonsai

    Workflow model Workflow plus model
    Costs $19 per month Costs $29 per month
    Offers unlimited clients and projects, proposals and, contracts Offers White-labelled client experience with client forms and questionnaires
    Offers invoicing, payments and client CRM Offers all features of Workflow model along with Workflow automation, Calendly integration and subcontracting
    No Priority support Comes with Priority support

  • How to Find the Perfect Co-Founder for Startup?

    Being an only person like a one-man army for your startup is very tough. It also possesses a huge risk if the person is starting a startup and thinking to do it alone. But finding the perfect co-founder for a startup is one of the most difficult tasks as it can make or break the future of your company. Still, the question is how to choose a co-founder ‌‌who is not only committed but also shares your vision and passion for the company. So, here are a few websites, ways, and tips on how to find a co-founder for your startup.

    The big entrepreneurs always suggest that for a startup founder, it is important to have a co-founder in order to bear the loss and share profits and other responsibilities of the company. A co-founder needs to be good at everything that you are not. So let’s get some insight on how you can find your co-founder for startup.

    ‌‌Some Websites to Find Perfect Co-Founder for Startups:

    1. CoFounderLab

    find startup co founder
    CoFounderLab

    CofoundersLab platform mainly emphasizes on a variety of resources for business partnerships starting with team building, certification courses designed to help grow businesses and funding. They have their meet up events in 45+ cities. They provide a community of 400,000 entrepreneurs to validate the ideas of the startup founder and make it move forward. It helps in finding the perfect partner for a business.‌

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    2. CollabFinder‌‌

    find startup co founder
    CollabFinder

    CollabFinder is one of the best co-founder websites. It is a platform to build projects and relationships with people like you. Post a project idea with the help of which, people can help you in preparing and building a quality product or service with just one click, or you can browse and ask other members which you like to suggest some ideas for your project. So far, people have used CollabFinder to build everything from funded startups to weekend side projects and everything in between.

    ‌‌3. Founder2be

    This company has partnered with leading incubators, accelerators, and universities which can help you to find the perfect co-founder for your startup. Founder2be connects designers, hackers, hustlers having shared interests and complementary skills matching with your profile. Co-founder discovers each other online, meet up in person and then start amazing startups together. The sign-up is easy and free. Then, one can find the perfect co-founder for their startup. It is a community of 95,000 + co-founders, to find and choose from.‌‌

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    ‌‌4. Hachi

    ‌‌It is a one-click referral hiring solution that help companies, hiring managers and recruiters. One can find the most talented candidates within their team’s professional and social networks. Hachi is built on top of a constantly growing huge network of 60 million professionals from over 200,000 organizations, with 52 billion relationships. Hachi searches not only your employees’ direct connections but also their friends on all major professional and social networks.

    ‌‌5. MEETUP.COM

    find co founder for startup
    Meetup- Community of Co-Founders.‌‌

    It is the world’s largest and well-known network of local groups. There are more than 9,000 groups get together in local communities each day. Each one with the goal of improving themselves or their communities. Its mission is to revitalize local community and help people around the world self-organize. Meetup believes that people can change their personal world, or the whole world, by organizing themselves into groups that are powerful enough to make a difference.‌‌

    ‌‌6. Younoodle

    how to hire a co founder
    Younoodle- Co-Founder engagement website.

    ‌‌It is a  technology engine that powers the global startup revolution. They make it happen by connecting corporations with disruptive startups through the Corporate Startup Innovation program on the platform. They have managed to run about 550+ innovation programs on their platforms, over the last 5 years.

    They work with corporations, universities, accelerators, governments as well as on the other platform. Some use the judging platform to accept, screen and evaluate applicants for competitions or accelerators. And some others, they tap into the global network of talent to do brand or technology engagement and also help governments and policymakers on implementing entrepreneurship programs.

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    ‌‌‌‌7. Ideaswatch

    co founder for startup
    Ideaswatch- Growing your business with a Co-Founder.

    Ideaswatch is all about sharing ideas for new products or services that one would love to use if they can be executed. On the websites, they can discuss startup ideas with entrepreneurial minds from all over the world and start a business together. People can get in touch with other people passionate about the same idea and can start a business together.‌‌

    Sharing ideas can be very productive because it will encourage young entrepreneurial minds to start something new and productive in nature. It also, motivate others to share their ideas too, so others can also get inspired.‌‌

    ‌‌8. Code Army

    how to find co founders?
    Code Army- Empowering your business with a Co-Founder

    Code Army is a startup which provides services to other digital startups. If one has an idea for a tech business, then Code Army is the best place which can guide you on how to set it successfully. At, the website, the workers consult, guide and teach others  how to manage a tech business.

    Code Army is one of the best platforms which provides a learning and mentoring program to guide non-tech entrepreneurs, the way of dealing with their IT project. They use a large group of skilled and experienced professionals, coming from all around the world: businessmen, marketers, CTOs, designer, and more, all characterized by a common drive, the dream of starting a startup.‌‌

    ‌‌9. Founders Nation

    finding co founders
    FoundersNation- Build the foundation of your business with a Co-Founder.

    It is a platform for entrepreneurs and founders, built to connect dreamers that wish to make the world a better place through innovation and technology. It provides a variety of ranging founders to choose as a co-founder.‌‌

    ‌‌10. Linkedin

    how to find a co founder?
    Linkedin- Connecting your business with the Perfect Co-Founder.

    The most common and the popular, of all. Linkedin is the source of finding co-founders, employees, and everything, required for a business. It connects the world’s professionals to make them more productive and successful. With more than 450 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world’s largest professional network on the Internet.‌‌

    Now some ways to find a co-founder are:-‌‌1- Use the existing network, you have and look for people who are as enthusiasts like you and will understand your vision.‌‌2- As mentioned above, look for these co-founder finding websites to find the perfect co-founder, one wants. Here, one can have options and can choose from a lot of capable co-founders, one wants.‌‌

    The 3-Job boards may be the most underrated place to find co-founders but it still can e used to find the co-founder required for the startup. One can write the perfect requirements including the description of the company, the job responsibilities and requirements for being the co-founder of the startup.

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    Conclusion

    ‌‌Finding the ideal co-founder can be a difficult process to find but once found, one can be very successful in the business. Comment below how you found your perfect co-founder or the tips you followed to find the ideal co-founder, for your startups.

    FAQs

    How to choose a co founder for startup?

    When you’re choosing a co–founder, you want to make sure that there are some similarities between you two. You want to make sure that your co–founder is willing to put in the same amount of work that you do, work similar hours, and communicate in a similar style.

    How to find co founders on LinkedIn?

    You can also search for a co–founder on LinkedIn by typing in the role you’re looking to fill within the search bar. Here’s the process: Find the dropdown button on the left criteria pane labelled “People.” “All” may be selected by default.

    How to find a co founder for your startup?

    Try to find some bloggers in your niche and spread your story through their articles. List yourself on co–founder platforms and ask people to read your story before contacting you. Meet a lot of people in startup events like Startup Weekend, In50Hours, Saturday ventures, and TechSparks.

  • What Is A Work Order Software? How Could It Help Your Hotel Business?

    Efficiency in any workplace is inversely proportional to the level of entropy in the management of employees. The output will be significantly higher for a company that manages its workplace well than one that lacks administration.

    In the hotel business, it is essential to keep the course of orders and payments with an incredible amount of competence due to the fast pace of the rendered transactions.

    Hence, such a firm must be airtight in its performance and capabilities, irrespective of its size. This will help keep track of the transactions and help identify, pinpoint, and sort out any misalignments and concerns.

    Continue reading to learn more about how you achieve increased productivity and how various work order software can help you organize and manage.

    In The Spotlight: Work Order Software and Their Functionalities

    Work orders are tasks of maintenance, repair, or in this case, operations to be completed by the team they’re assigned to. Hence, work order software helps you to sort out concerns and compile orders in one place, helping you get rid of registers and record books.

    Manually created work orders have long been prevalent in the maintenance world. While paper-based work orders seem to be easier to create at the moment, they do not perform well as a long-term solution.

    This method also includes various unforeseen challenges, such as delays in communication, extra costs (in both time and money) for data entry personnel, and more.

    A properly-designed work order management system is intuitive and comprehensive and simplifies the entire work order process from start to finish.

    With a plethora of work order systems available on the market these days, there are no excuses as to why your hotel should not have an official way of managing requests for issues that come up during a guest’s visit, or while they’re dining.

    Work can’t always be planned ahead of time, and that is the reason that for corrective work or customer appeals, work order requests are submitted. Maintenance managers can tailor workflow processes for the submission, approval, rejection, and completion of requests.

    What Good Work Order Software Offer

    Given below are the features offered by various CMMS available at your discretion. It will help you to choose the best CMMS software that will serve your hotel best.

    1. Reporting and Analysis

    As soon as you enter any data into your CMMS, it becomes available for any reports or analyses of your request. Asset information becomes a part of the database, and any potential problem it reveals automatically generates an alert to the maintenance department manager.

    The alert also offers recommendations for solutions. The system relies on this information to support future maintenance and repair schedules.

    2. Preventive Maintenance

    When you have a robust preventive maintenance program in place, you can be assured that you are doing all you can to prolong your business assets’ life and effectiveness.  The most valuable benefits of this function are minimizing the expense of emergency repairs and preventing asset deterioration.

    3. Inventory Control

    An updated inventory of raw materials and other ingredients keeps your service department apprised of supply shortages that affect daily scheduling. It tracks the physical location of these items, facilitating quick transfers between multiple business locations.

    Efficient inventory management can make suggestions for alternative parts or materials when the items your maintenance department needs are unavailable.

    With the technological advancements today, a comprehensive CMMS software makes it easy to work the way you want, with tools that enable organizations to increase on-time work completion, improve workflow efficiency, and keep track of various due dates.

    Digging Deeper

    Now that the importance of a work order management software is well established, let’s discuss in detail every aspect of a fully-fledged hotel’s business and the contribution of such software to its operations.

    Revenue Management

    A WOS will keep track of payments and categorize various yield techniques that may be used by the manager. It will also attend to the policies set by the hotel strictly.

    Staff Management

    A hotel’s staff is the face of the firm. They are at ground zero, and it should be ensured that customers’ interaction with the staff be flawless. For such guided operation and to ensure proper nursing of the staff, a flawless work order software is essential

    Milestone Management

    Any organization that is focused on a goal-oriented outcome is more likely to deliver than the ones who don’t have such a vision. And to cater to stepping stones where success is based on achieving and delivering, a good work order software will create an ideal platform for those who do so day in day out.

    Competitive Analysis

    Local and global level competition plays a crucial role in identifying changes in the style or making amendments that will further shape the business.

    Good work order software can help in providing strategies that will enhance the output to help you stand out from your competitors.

    To Encapsulate

    The mantra for any business to succeed is to maintain a good and genuine interface. This interface, if up to the mark, will help flourish it within no time. The best critic a business can have is the customers itself.

    And for keeping them jubilant, the work offstage should be as flawless as possible. Work orders are a mainstay of incredible upkeep.  Eventually, work order management software is a method of rearranging the huge measure of work required to manually arrange work orders and demands.

    If an organization that has equipment and assets that require maintenance regularly, its scheduled or on-demand maintenance can take advantage of this software.

    A well-designed upkeep work order and work order process make it simpler to build up a preventive upkeep support program and respond to impromptu support.

    Jobs are defined, work processes are simpler, assignments are tracked, and data are mentioned in the detailed report. Picking the correct tool to monitor work orders is the critical last bit of the riddle to efficiently handle work orders and growing business. Investing in good work order management is this last bit and will significantly smoothen the internal operations of your hotel business.

  • How Beauty Industry Is Using Personalization To Build Greater Brand Relevance

    In 2020, no longer does the beauty industry solely cater to the mass- market. As consumers increasingly seek out beauty solutions suited to their specific needs, there has never been a greater need for personalization in the category. The concept of personalization in beauty is far from saturation. An influx of information online and on social media has educated consumers on their beauty needs. They know their skin, hair, and body best; they also know that everyone is different and wants their individual requirements to be catered for. As they realize that one-size does not fit all, customization offers a credible solution.

    Exploring data-driven consultation for personalized option

    With the use of big data, direct-to-consumer businesses have now got a clear idea of the consumers regarding their skin and hair concerns. With the help of consumer insights and artificial intelligence aid brands that offer customized solutions in understanding the skin or hair profiles of individuals better and match it to the right set of products. This has not only made it easy for consumers to choose the right product but also made us realize that data also showed us that a generic product, mass-produced by an FMCG firm cannot be the most effective way to combat your skin and hair problems.

    Earlier mass-produced products only catered to a majority of women than men. Male shoppers were particularly underserved in this area, too, with ‘male grooming’ often being promoted as a blanket category, instead of one that recognizes men as individuals, with different skin types and skincare requirements. What matters the most in a successful skincare regime is the ingredients, their concentration, and overall formulation. What the product label reads, is what one must rely on.

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    Your skin’s characteristics are unique to you – Be it oily, dry, normal, or sensitive, only the right products with the right ingredients and formulations can repair damage and restore your skin’s texture and smoothness. The same problem goes for hair! Problems like dry hair, breakage, split ends are common and one must find the right solution to it. Speaking of haircare personalized solution, Vedix, India’s first customized Ayurvedic haircare solution, was born out of two undeniable truths about the hair care industry.

    Vedix Products

    Firstly, hair texture, hair issues, hair damage levels among several other aspects have to be catered uniquely. Although women were open to experimenting with even their basic hair care products then why not make them indulge in personalized haircare products? Second, domestic brands have a sizeable presence in the mass category with the overall market steadily moving towards ‘premiumization’, while premium markets are largely dominated by international brands.

    Consumers must be made aware that Indian skin type is different than other ethnicities. Our skin and hair react differently and brands whose characteristics and formulation within the products do not fit well with the Indian skin type won’t show effective results. Considering the above, here’s how the beauty industry can create better brand relevance!

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    Digital consultation to create customer’s profile

    With a few carefully chosen questions on the customer’s skin or hair type will help the brand form the customers profile. AI and customer insights companies like Vedix and SkinKraft are now able to get unique information about an individual’s skin. Consumers skin characteristics like type, skin issues, lifestyles, environment, and geographic location, that give an accurate picture of the individual to base their customized solution on. Data received is very crucial in understanding the skin profiles of individuals better and match it to the right set of products. It also assists us in further improving the efficacy of our products and further expand to new products that a particular skin profile needs.

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    Avoid the one-size-fits-all approach

    The one-size-fits-all approach is long gone! Now, most brands are creating a variety of products like cruelty-free and paraben-free products. Brands specialized in specific ranges like launching acne range and so on are signs that the industry is evolving. Hence choose products that fit well with your skin type and the marketing concepts or through the promise of customized ingredients.

    Offers result-oriented solutions

    At Vedix every product begins with a thorough examination of your body and its humors. Vedix’s Algorithm is built to evaluate your Doshas based on a detailed Ayurvedic questionnaire. So, you can be sure of the fact that every product from Vedix is customized and formulated with the right ingredients to solve your issues! Vedix understands the state of elevated doshas in one’s body through its Vedix Dosha Assessment Questionnaire. Based on the inputs given by the user, Vedix uses herbs and natural essentials, which can specifically help in controlling the damage caused by the elevated doshas.

    Similarly, at SkinKraft our customers are taken through SkinID, a dermatologist-approved questionnaire pertaining to their skin type, skin concern, and lifestyle choices which has a direct and indirect implication on their skin health. Once the responses are recorded, the algorithm evaluates all the parameters and the customer is classified into one of 72 broad profiles, each of which breaks down into thousands of combinations. Depending on the individual’s current skin health and needs, a customized kit is then created to include a customized cleanser and moisturizer.

    Spread awareness and create loyalty

    Growing consumer awareness is bringing about a change in the product characteristics or ingredient-driven products for skincare and haircare brands today. Letting people know or making them aware of the idea of customization of beauty will solve half the problems at first. Creating awareness through promotions on social media helps in targeting a larger audience at once. Once you’ve let the word out, customers will then purchase your products and give out feedback on their experience. Loyalty, reward, and subscription schemes are big news in health and beauty retailing. They keep customers coming back by incentivizing them, rewarding them and personalizing their service each time.

    This article is contributed by Chaitanya Nallan, CEO SkinKraft Laboratories.

  • Will Virtual Hiring be the New Normal? The future of Virtual Hiring

    You name it and the technology is already working on it. Due to the current scenario, working from home has become a necessity. The offices are adapting and even the production workflows have been restructured to embrace workplace flexibility. But for many businesses, one element of operations is still waiting to be updated that is Virtual Hiring.

    Amidst the pandemic, many human resource departments were forced to slow or freeze typical talent acquisition strategies, since traditional methods require personal interviews or skills-testing on internally secured devices or intranets. The addition of new interns, turnover replacements, employees, and temporary substitutes all halted, unable to implement a safe and viable virtual screening process, proving that there’s a lot of work to even attempt to match the pre-hiring procedure of employee experience with day-to-day operations.

    The Future of Virtual Hiring/On-boarding

    It is very important to note that, like any change in the technology, one cannot make changes just for the sake of it or focusing on just to be the part of the mob, but it has to be done with the clear intention of improving the performance of the business, cutting back on resources, and improving its efficiency.

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    Candidates Need to Experience the Culture of the Organization

    Candidates crave for more than a job, they want a cheerful experience in the workplace that provides a sense of purpose and pride.

    Culture is considered to be so meaningful that 33% of candidates claim that they’d even work for lesser salary to work for a company that aligns with their ideals. The challenge for recruiters is to communicate a clear and accurate sense of the culture to outsiders, simply by telling them about it doesn’t help.

    Provide job opportunities or open houses so people get a feel for what it’s like to work there. Almost two-thirds of job seekers said they were more likely to apply for a role with a company if they had the opportunity to attend a social event to connect with potential candidates and learn about the organization.

    Remote Jobs added
    Remote Jobs added

    Demonstrate the culture in the marketplace, such as by sponsoring events or performing community services that showcase the respective company values. Show people what your company values and demonstrate that you’re actively committed to them.

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    Virtual/Telephonic Interviews

    Due of the efficiency and ability to reach a large number of applicants in a short time frame, the clients typically use on-demand virtual interviews as first-round or pre-screening interviews, then schedule live virtual interviews for only the top candidates.

    One-way video interviews are a fantastic way to get to know a candidate. But VR takes the next step forward by letting recruiters enjoy some of the key benefits of interviews, and also go beyond some of the time restrictions and other limitations. Interviews on Video calls allow recruiters to get a feel of a candidate’s personality fit. However, pre-recorded videos can make people feel self-conscious; they may not work as good predictors of on-the-job success. VR empowers recruiters to meet a candidate personally and still see them in action as a potential new employee.

    Candidate’s Virtual Screening

    Many companies conducted employment assessments onsite or offered job shadowing opportunities as part of their hiring and onboarding process. Now with the restrictions on in-person contact, virtual talent prediction, and “onboarding tools” are vital. With the prevalence of on-line applications and ATS platforms, applicants frequently comment about feeling isolated or being stuck in a long, never-ending loop. That shouldn’t be the impression on them. Complexity and disengagement create high dropout rates.

    The “virtual hiring” and “onboarding tools” immerse candidates in an engaging test-drive where they handle similar challenges actual employees experience on the job every day. This pre-experience creates realistic expectations and builds greater comfort and confidence for new employees.

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    Screening the Candidate’s Social Media Accounts

    Recruiters need to understand as much about a candidate as possible, so checking out their social media accounts is something they’re increasingly interested in. But most candidates said they’re reluctant to simply hand over their social media data to potential employers that is unless the conditions are right.

    81% of candidates say they’d be willing to share their social media data with a potential employer if the right privacy measures were in place. Half of the job seekers said they’d be willing to share their social media data with a potential employer if it helped them determine a better job and organizational fit. Among knowledge workers and senior leaders, that number jumps to 62%. They also said they’d be more open to it if they know what recruiters will look at ahead of time and how that data will be used.

    78% said they expect the recruiting process to be clear on how personal data is used. So, consider explicitly stating in the job application that you’d like to access candidates’ social media accounts. An explanation is necessary, how you plan to use it and how it will be protected. Making them believe how sharing their details can benefit them.

    77% of candidates said they wouldn’t apply for a job if they felt their privacy wasn’t protected.

    Providing A Great Candidate Experience

    Organizations must wow the candidates to get them to sign in. Virtual reality recruitment is a new tool in the tech world that can make a company stand out from the crowd. According to research, nearly 60% of candidates have had a poor candidate experience during their job search, 72% of those candidates share their negative impression online or with others. Online video interviewing has been proven to have a positive impact on a candidate’s experience with the company There are a number of methods to impress the candidates.

    • Companies can use VR to show off the workplace environment and culture.
    • Give the candidates an insight into the role.
    • VR to understand candidates decision making and their thinking process.

    The Bottom Line

    Finding workaholics for your team is a constant challenge. And it’s not getting easier any time soon, given the tight labour market, shifting employee expectations, and a shortage of people with in-demand skills. Recruiters must do more than make the right hire, this time only by hiring virtually and establishing the trust between one another.

    FAQs

    What is the future of hiring or recruiting?

    The future of hiring/recruiting will always be human but will be increasingly augmented by tools and technology that will benefit recruiters and job seekers alike.

    Is working from home a good idea?

    Working from home is not always better or worse for an employee’s health than traditional virtual office arrangements. It will be most beneficial when employees make wise decisions about their time, and employers provide support in the form of technology, ergonomic equipment, and managers trained to supervise remote workers.

    Will Virtual Hiring be the New Normal?

    Remote meetings, digital recruitment, and virtual collaboration are the ways to get through these distressing days. Undoubtedly, new-age virtual hiring is playing an integral role in minimizing business disruption and making people dynamically adapt to changing needs.

  • Colangels – Connecting you with right people

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

    Note: This Startup has been shut.

    We hardly know any startup who has aggregated the needs of the startup community & tried to solve the problem through technology. Most of them have been doing individually or a very small part of it; some with tech & some without tech.  Colangels is a tech platform to simplify and bolster the footings across all verticals for startups to synergise with mentors, budding talent, aggregating co-working spaces and investors for angel and crowdfunding investments.

    Know more about Colangels Company Profile, Founders, Revenue Model, Growth, Competitors etc.,

    Colangels – Company Highlights

    Startup Name Colangels
    Founders Simran Chhabra, Shruti Kaur
    Founding Year June 2018
    Sector Recruitment/HR
    Headquarter Bangalore

    Colangels – About
    Colangels – Vision and Mission
    Colangels – Founders and Team
    Colangels – Idea
    Colangels – Name and Logo
    Colangels – Product/Service
    Colangels – Revenue Model
    Colangels – Customer Acquisition
    Colangels – Startup Challenges
    Colangels – Growth
    Colangels – Building Work Culture
    Colangels – Funding
    Colangels – Advisors and Mentors
    Colangels – Competitors
    Colangels – Recognition
    Colangels – Mentors/Investors
    Colangels – Partners
    Colangels – Technology Stack /Tools / Softwares
    Advice for candidates who aspires to join Colangels
    Colangels – Future Plans

    Colangels – About

    Colangels is a tech platform to simplify and bolster the footings across all verticals for startups to synergise with mentors, budding talent, aggregating co-working spaces and investors for angel and crowdfunding investments.

    It provides a network where startups and entrepreneurs can meet mentors/investors and raise funds. The platform also helps in raising funds through crowdfunding and helps startups to find and hire people for their companies

    Colangels – Vision and Mission

    Colangels wants to become an epitome of the startup industry by helping startups scale up exponentially by connecting them with Mentors, hiring talent, doing alliances, etc.

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    Colangels – Founders and Team

    Co-Founders of Colangels are Simran Chhabra and Shruti Kaur. Later, they roped in family and friends, Shruti’s husband Aman Singh, and Aman’s friend Prateek Lamechwal in the team.

    Colangels - Founders and Team
    Colangels Team

    Shruti Kaur

    Shruti hails from Ranchi and has been predominantly into teaching. It is rightly said “A teacher is like a candle – it consumes itself to light the way for others”; and that’s what the Shruti believes in and thus came up with the idea of Colangels. Shruti has done her MBA & B.ed. from Ranchi University. She leads growth at Colangels.

    Simran Chhabra

    Simran has done her MBA from Amity University & was into recruitments before starting Colangels. She leads recruitment at Colangels. She believes in starting small but doing something which is scalable & provides an extraordinary experience to the users.

    Aman Singh

    Aman did his grads from BIT, Mesra & a post-graduate diploma from Stanford University, United States. He has been working in the e-commerce, retail, recruitment industry since last 7+ years.

    Prateek Lamechwal

    Prateek did his graduation from Jain College, Bangalore & has been handling family business since then. He is a fitness enthusiast and is a certified sports nutritionist apart from being a part of Colangels.

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    Colangels – Idea

    The idea struck Simran during her stint with her first job at Beam Commerce wherein she was looking to do an alliance with Flipkart but did not know whom to reach out to. She connected with a couple of category managers but that did not help. Reaching out to the right person became a big problem. So, she thought of a platform where anyone can reach out directly to the Alliances head/Co-founder of the company easily.

    Colangels, if broken into words, defines the objective, the target audience & the vision behind it. (the characters below in the words in uppercase are from the name of the startup)

    Colangels Logo

    COLlaborate with COmpanies & COLleges in a way so that they GEL with each other for mutual growth & end up becoming an ANGEL for the start-up community. The logo shows a hand in hand, showing collaborations or working together and helping each other grow.

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    Colangels – Product/Service

    Colangels provides an ease to reach out to the investors globally across Industries to help entrepreneurs validate/scale up their idea. This can be done just by sending them the elevator pitch at the press of a button.

    Colangels Product

    Along with this, Colangels also tries to connect founders with the right mentors. We always came across multiple websites which showcase the name of mentors but it has always been at the jurisdiction of that website if they would be connecting us to a mentor which ideally flushes out some of the great ideas which startup founders have. The platform doesn’t charge anything for connecting entrepreneurs with mentors or investors.

    Colanagels can help your startup grow fast by connecting you with the right person or co-founder for alliances and partnership with a top organisation. It does a 5-step verification at the background to make sure the message reaches out to the right person.

    Changes are bound to happen in any product or service that is how the best products are made. So, Colangels keeps on implying changes to give the best product to our consumers. (They are currently at an early growth stage where the beta version of the platform is already live.)

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    Colangels – Revenue Model

    A major source of revenue for Colangels is hiring done through the platform for Internships & Jobs. The company counts Alibaba, Amazon, Chaayos, Flipkart, ShopX, Unicommerce, Roposo, Urban Ladder, Instamojo, Milkbasket, etc. as their clients.

    Colangels – Customer Acquisition

    Colangels mainly helps startups connect with mentors, potential talent, aggregating co-working spaces, investors for angel & crowdfunding investments. So the main target audience is:

    • Working Professionals looking for Jobs & Networking
    • Mentors
    • College students looking for Jobs, Internships & to connect with Mentors
    • Startups looking to hire professionals for Job & internship

    Initial customer acquisition was through references & prior work experience.

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    Colangels – Startup Challenges

    It was difficult to ask for time from Industry specialists (CEO’s/CXO’s, etc.) who can be potential mentors on the platform, but once they helped them understand the model & the difference the platform can bring in the startup ecosystem; most of them agreed to be a part of it.

    Colangels – Growth

    Until December’18 the platform had 10,000+ users in less than 6 months. The company is looking to gain traction of 100,000 users in next 6 months & 1 Million+ users by end of 2020. Colangels is currently operational in Bangalore & Gurgaon. However, they have plans to entering Mumbai as a location in the next couple of months.

    Colangels – Building Work Culture

    In the interview with StartupTalky, Simran said that they believe in flat hierarchies and everyone in the organization is very much approachable at any given point in time.

    It is important to have fun at work without compromising on the organizational goals. We also have an offshore every year to a location where the entire team works for a week & parties together.

    Colangels – Funding

    As of October 2020, the company is bootstrapped.

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    Colangels – Advisors and Mentors

    A lot of people from the hiring and e-commerce space have advised Colangels. Most of them were friends and were connected beforehand with the founders. In a way, all the advice taken was unofficial. No official mentor was reached out especially for advice or mentoring purposes.

    Colangels – Competitors

    Colangels doesn’t directly compete with any single organisation. There are multiple platforms for hiring like Linkedin, iimjobs, Naukri, etc. but the closest would be AngelList. However, Colangels differentiates itself from Angellist as Angellist doesn’t connect you with mentors.

    Colangels – Future Plans

    The company is expecting to reach to 1 Lakh users in the coming months. By the end of 2020 it is looking at a user base of a million users.

    Colangels plans to go global in mid-2019 when they enter SEA & that’s when they will take Indian talent from tier-1 colleges to SEA for internships & full-time placements as there is a massive increase in demand for Indian talent.

    Colangels – Recognition

    Colangels has officially been affiliated to the Jharkhand government and would be helping startups in the state grow exponentially. In fact, IAS Sunil Burnwal (Industries Secretary, Jharkhand Govt.) quoted, “This is one of the finest & promising tech platforms I have come across in the country”.

    Colangels – Mentors/Investors

    Colangels counts following as their mentors:

    • Ankit Khandelwal (COO, Unicommerce)
    • Vijay Shekhar Sharma (Founder, PayTM)
    • Nitin Jain (Co-founder, OfBusiness)
    • Bhavna Agarwal (CEO, NDTV Gadgets360)
    • Sahil Barua (CEO, Delhivery)
    • Narinder Singh (MD, Numero Uno)

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    Colangels – Partners

    Colangels has an official partnership with Internshala which enables them to inculcate growing startups hire the best of interns across different verticals.

    Colangels – Technology Stack /Tools / Softwares

    The company uses a variety of services, tools and programming languages to make up its core infrastructure. At the front end, their servers run a LAMP (Linux, Apache, MySQL, and PHP) stack with Memcache.

    Advice for candidates who aspires to join Colangels

    In an interview with StartupTalky, Colangels founder Shruti kaur said that

    We hire both interns and full-time employees across verticals. We look for a candidate who is full of confidence, energy, has knowledge about their field, has great communication and entrepreneurial skills, is high on enthusiasm and is always open to learning.