Recent studies and researches show that total private employment dropped by 15 % once COVID-19 outbreak was declared an emergency on March 13, 2020, yet employment at small businesses saw a higher rate of decline at 17 %. The unemployment rate keeps fluctuating as the pandemic runs its course, but it’s unlikely that the job market will revive after for a while.
The truth is nobody has to necessarily find a real or typical job to move on with their life. There are a lot more ways toearn a living from homethan people think, which anybody with passion can do for themselves and entirely on their own terms.
These are some of the best home-based business ideas, which range from one-off side gigs to actual businesses which can grow over a period of time. Not all of the business ideas will work for every other person, every single person can use one idea from the list of ideas to earn some cash without ever having to clock in. Some of the home-based business ideas are easy to implement and execute, while others require a certain level of skill or passion.
The amount of money a person can earn will also vary depending on the path he/she chooses. For example, a person may be able to earn a few hundred dollars per week delivering food with DoorDash or GrubHub. This gig is one that does not produce passive income, so he/she will only get paid for the time they work.
Also, on the other hand, with a digital media business or blog, one could build their business over time until it is earning millions of rupees.
Running and developing a home-based business is a lot more different than heading into an office for a real job. You have to deal with considerably more distractions for starters, but will also need to have a certain level of discipline to make it work.
After all, there won’t be anyone monitoring your work anymore. There are certain easy and skillful business ideas which can be started with.
Home Bakery
This is one of the best and profitable business ideas to start with. Home bakery is an approachable business idea in which it involves undying love and passion to bake. Entrepreneurs need to just have all the equipment and expertise which is required to get started.
Value of Indian Bakery Market
Home Bakery comes under Food and delivery service, which is the most likely profitable scenario for home bakers, as opposed to setting up a storefront business risk. Entrepreneurs need to prepare and analyse all the local insurance requirements.
Research and Fact Checking
Research is not just a Google search away or reading books. Majority of the media organisations hire fact checkers to make sure that contents in the stories are accurate and that sources quoted really exist which are concrete enough to prove.
Other organisations need people to find statistics and other data for presentations and reports. There are numerous opportunities online to get started researching and studying at home. Entrepreneurs just need to be prepared to get into some really esoteric topics that will take you way beyond Wikipedia.
Craft Creation
Craft Creation is one of the first ideas people have when they think of starting a business which includes making and selling crafts. In this business, there’s a lot of competition in the market. The brighter part, though, is that people just love crafts and are ready to invest in it.
On the other hand, business owners should not trust everyone and sell everything. Entrepreneurs need to define the product line and choose a distribution channel, and stick with the plan.
Virtual Assistant
There are plenty of people who don’t know how to use email and communicate through it, there are also those who don’t want to use it. Virtual assistants manage all the clients’ email and voicemail accounts, aside from performing other digital duties.
Virtual Assistant only needs a Website, a strong brand, a service niche of some sort and the willingness to network, but opportunities to become a virtual assistant do exist for those who are organised and are willing to help organise others.
Knitting
Knitting, even though is an ancient style but is not out of fashion yet. If you are more into knitting, you can always create a variety of different products to sell, such as hats, scarves, gloves, etc. The knitting business is more of an antique work and has glory to it.
Knitting Homemade Business Plan
Scented Candle Maker
Candles are popular products for people to purchase on digital platforms than in the physical store. Entrepreneurs can purchase some basic supplies and raw materials, with them they can make their scents and designs right from home.
Woodworking
Wooden articles like furniture might be a good idea if the creator is pretty handy or have a handyman at home. Business owner will just need some carving tools and materials. People can also stick to smaller projects such as birdhouses or home decor, they can definitely try carving some smaller products.
Online Freelance Writer
Everything written online is a marvelous work by a writer, and there’s a good chance the writer was paid handsomely for their talent and skill. Freelance writers can easily earn a few hundred dollars for each article they write, but it’s possible to earn a lot more than that if you learn how to master longer and complicated content.
The Bottom Line
To conclude, we can say that the era of home entrepreneurship has arrived. With one of these business ideas and right preparation, one can build a solid and successful business from the comfort of their house.
When people work at home, they sets the standards, and also get the chance to pursue the professional passion at their own speed. With home-based businesses, everyone can create the life they want or desire.
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.
Till a few years back, the blue collar job sector in India was much unorganized. But now, with the rise of e-commerce, food delivery startups, cab services, online home maintenance companies etc, the demand for blue collar workforce has seen a spike.
With this increase in demand for blue collar workforce dedicated job portals for blue collar jobs have also come up, and one of the top blue collar job portals in India is WorkIndia. With over 15 million job seekers associated with the platform, and 300k + jobs posted monthly, WorkIndia is a trusted place to be for both employers and job seekers. Let’s have a look at how WorkIndia came into being, and how it gained popularity in its niche!
WorkIndia provides Blue and Grey Collar Recruitment services which helps the employers to connect with the right employees. Some of its available job offers are for retailers, accountants, bank officers, BPO, and delivery jobs. WorkIndia was founded in the year 2015 and it shifted its headquarters from Mumbai to Bangalore in 2019. Their mobile application makes the job application process easier just in a single click. WorkIndia team ensures that the platform is easy to use for its customers.
“There was a team of over 20 people on the ground, including all seven cofounders, talking to different people about the product. We would talk to the job seekers, show them the app, take their feedback and then make necessary changes, we have done more than 350+ iteration of the product to reach the current stability and still, we are in process of the improvement”, said Soumil Rao, Co-founder, WorkIndia.
The company uses specific automated technology, geo-tagging, dynamic algorithms, and concepts of ‘Availability Heuristics’ and ‘Prospects Theory’. Django, Elasticsearch, Neo4j, ReachJS, PostgreSQL, and Docker are the Technology Stacks that form the framework of this online recruitment company.
Kunal Patil, Nilesh Dungarwal,Jatin Jakharia, Moiz Arsiwala,Soumil Rao, Lokesh Tiwari & Kshitij Nagvekar are the Founders of WorkIndia
WorkIndia was founded in February 2015 by Kunal Patil. The others who joined Kunal as co-founders in the venture are, Nilesh Dungarwal, Moiz Arsiwala, Jatin Jakharia, Soumil Rao and Lokesh Tiwari, Kshitij Nagvekar, Aashish Mittal.
Kunal was in Mumbai in 2015, and he was looking for some data entry freelancers. Kunal searched for the same in the then available job portals, and realized that finding blue collar workforce was quite challenging. Thus Kunal got the idea to start WorkIndia to make recruitment and job discovery easy in the blue collar segment.
WorkIndia Founders
WorkIndia co-founder Kunal Patil, is a graduate from NYC Stern School of Business. Before starting WorkIndia, Kunal held lofty posts with companies like PWC, Monitor Group, Merrill Lynch, Tata Capital, ICICI Venture and Edelweiss Capital.
Nilesh Dungarwal, an IT graduate from Sardar Patel Institute of Technology, held technical positions with companies like FinalDesk and Credit Suisse. Besides he also co-founded a startup named ‘Meter Share’ and ‘GetProfessor.com’ , a portal that helps teachers/ institutes find students for various courses and vice versa.
Moiz Arsiwala, is also an IT graduate from Sardar Patel Institute of Technology. Other than working as a freelancer, Moiz also co-founded a tech startup, ‘Livemantra’, before joining the founding team of WorkIndia. Moiz handles the technical infrastructure.
Soumil Rao, a computer science graduate from University of Mumbai, joined WorkIndia as an intern and went on to be a part of the founding team later.
WorkIndia co-founder Lokesh Tiwari, also joined the company as an intern. A computer science graduate from Terna Engineering College, Loskesh is an expert android developer, and have worked with companies like AlphaFinSoft Tech, MahaOnline Ltd and Last Local App Solution. Soumil and Lokesh now commands the engineering and technology aspects of the company.
Another co-founder who got associated with WorkIndia, as an Intern and became a co-founder later is Kshitij Nagvekar. Kshitij joined WorkIndia in 2016.
Jatin Jakharia, a graduate of IIT Bombay. Besides WorkIndia, Jatin also founded Bonbons ( providers of chocolate making kit) and a food delivery service ‘Grubit’.
The company now has around 100 employees which is a 84% increase from the previous year.
The primary vision of WorkIndia is to provide employment opportunities to 23.7 Cr blue-collar individuals in India and at a larger scale of 120 Cr people seeking occupations in the world. The measures taken by the government towards unemployment facilitates more chances for white-collar jobs while blue and grey collar jobs are being neglected. WorkIndia aims to elevate the current accessibility of job offers for such individuals.
“While the white-collar segment’s behaviour is well documented, the blue-collar segment behaves very differently and very little data is available on this segment. This fact coupled with WorkIndia’s massive scale and unique insights on the segment, make it a highly exciting time to be part of what the team is building today.” – Kunal Patil, Co-founder, WorkIndia.
WorkIndia has raised $6.4 million in three funding rounds. Their recent funding is in February 2020 from Xiaomi. Angel investors like Satyen Kothari (Founder, Citrus Pay), Vikram Limaye (MD and CEO of National Stock Exchange) and Keshav Sanghi (founder Ventureworks Investment) have invested in WorkIndia.
Date
Stage
Amount
Lead Investors
October, 2016
Seed
$500K
Satyen V Kothari
March, 2016
Venture Round
$3.5 Million
BEENEXT
February, 2020
Venture Round
Rs 42 Crore
Xiaomi
“We have been investing in WorkIndia for the past three years and will continue to do so, given the high growth and the cutting-edge technology products developed by them,” says Dirk Van Quaquebeke, Co-founder of BEENEXT.
WorkIndia – Competitors
The leading competitors of WorkIndia are Aasanjobs, Naukri, Freshersworld, Timesjobs, Clickjobs, and Monster. With mounting population and demand for jobs, WorkIndia overcomes the competitors with its matchless automated technology
WorkIndia is the winner of Hot100 Startup Awards of the year 2015. The Startup was selected for PNGrowth iSPIRT – BootCamp Program and FB Start Bootstart program.
The company has separate pricing plans for the employers to hire the candidates and it is basically ‘pay-per-hire’ standard. The recruiter is supposed to credit money in their WorkIndia Wallet which gets deducted according to the candidates hired. This is the main revenue stream of the company. It also offers different corporate and enterprise plans which permit access to multiple candidates. There is a deduction of money from the employer’s wallet for each call from the candidate.
“Smartphone and internet penetration has made it easier for candidates to search jobs online, and, on the other hand, even employers have started coming online and posting jobs regularly,” says Kunal, Co-founder, WorkIndia.
The startup reports to have 1.7 million interviews, 21 million app sessions, and 125 million user events every month. It has presence in 763 cities and has got 15 million downloads for its mobile application which is available in 9 languages. Besides, number of registered job seekers on WorkIndia is 12 million, and the platform has 8.5 million unique visits per month, as reported in January 2020.
“Till now, WorkIndia app has been downloaded by over 15 Mn job seekers, more than 9 Lakh distinct employers have posted jobs on the WorkIndia platform and more than 3.5 Mn unique job seekers open the app every month for job opportunities.” Says Kunal Patil, Co-founder, WorkIndia.
Starting from 2000 job postings from 100 companies, WorkIndia now sees up to 300,000 job postings from 50,000 different recruiters including Grab, Swiggy, Zomato, and many others. The monthly hire accounts for 70,000 according to the company’s estimation. The annual revenue is estimated to be $11.5M per year. The company also claims that, from March 2018 to March 2019, WorkIndia grew by nearly 10 times on all important metrics including revenue, transactions, number of employers and number of candidates.
“Our platform registers 125 million user events in a month. That makes us the largest blue- and grey-collar marketplace in the country,” says Jatin, Co-founder, WorkIndia.
With increasing job seekers every day, WorkIndia works towards the goal of achieving 1 million job listings per month by the first quarter of 2021. It also aims to extend its services to more Tier 2 and Tier 3 cities, and to make its app available in more regional languages in the nearing future.
“The vision is to provide meaningful employment to every blue-collar individual on this planet. This is a dream for us. We work for them and we thrive for this”, says Kunal, Co-founder, WorkIndia.
WorkIndia – FAQs
What is WorkIndia?
WorkIndia provides Blue and Grey Collar Recruitment services which helps the employers to connect with the right employees. Some of its available job offers are for retailers, accountants, bank officers, BPO, and delivery jobs
Who are the Founders of WorkIndia?
Kunal Patil, Nilesh Dungarwal,Jatin Jakharia, Moiz Arsiwala,Soumil Rao, Lokesh Tiwari & Kshitij Nagvekar are the Founders of WorkIndia
How much Funding has WorkIndia raised?
WorkIndia has raised $6.4 million in three funding rounds. Their recent funding on February 2020 from Xiaomi was for Rs.42 crore.
How does WorkIndia make money?
The company has separate pricing plans for the employers to hire the candidates and it is basically ‘pay-per-hire’ standard.
Who are the Top Competitors of WorkIndia?
The leading competitors of WorkIndia are Aasanjobs, Naukri, Freshersworld, Timesjobs, Clickjobs, and Monster.
The business of food franchise in India is booming.If someone stocks a mad love for meals and goals to position cash into a cheap, that is the proper location for them.Food is a commodity with a cause with the aid of using no means to exit for demand.Everyone goals to consume unique types of true and attractive meals from all corners of the arena.In today’s time, it is miles feasible to do so.
There are such lots of popular food franchises in India of wide and worldwide corporations that unfold throughout numerous towns and offer meals of super great and advanced flavor to its customers.There are numerous food product manufacturers in India enterprise fashions applied with the aid of using corporations around the arena for growth and increase purposes.One such approach to growth and increase is franchising.Under food franchises available in India corporations get traders who’re cited as franchisees and permit them to apply the call of the organization and its merchandise in trade for a franchise fee.
Food Franchise Under 10 Lakhs in India
While looking out alternatives to positioned cash into, one in all the maximum essential portions of statistics that an investor goal to recognize approximately is the fee of funding with a cause to be worried if she or he goals to develop to be a proprietor of a specific food product franchise in India.Every franchisee’s goals have the most advantages at the bottom quantity of risk.So, if someone is looking out for a food franchise in India with low investment, which calls for a quantity of 10 lakh rupees or less, they could employ the subsequent list:
This is one in every one of the first-class food product franchises in India.There isn’t always any call larger than ‘Amul’ in relation to milk and dairy merchandise.Started in 1946, the enterprise has grown to be one of each the largest industrial enterprise giants of India.For an Amul Kiosk, a place of a 150 rectangular field is needed through the manner of approach of the franchisee to install the shop and for an Amul Ice Cream Scooping Parlour, the region comes round to 300 rectangular field.The shop or outlet wishes to be in an outstanding vicinity in which there is lots of footfall to draw a more range of investors.
The price of funding required to open up an Amul Kiosk or Amul Railway Parlour franchise involves around 2 lakh rupees.Out of those 2 lakh rupees, 25,000 rupees should be paid through the manner of approach of the franchise as a refundable protection deposit to the enterprise.1 Lakh rupees can be spent on the upkeep of the shop and the relaxation of the quantity can be applied in purchasing the equipment.The quantity that a franchisee wishes to position as lots as very own an Amul Ice Cream Scooping Parlour franchise is about 5 lakh rupees.It is composed of 50,000 rupees that want to be paid to the enterprise as a refundable protection deposit.The relaxation of the cash has for use for upkeep and equipment.
Monginis is taken into consideration to be one in every one of the first-class food product manufacturers in India.Started in 1958 through the approach of the Khorakiwala family, Monginis is a sequence of Indian bakeries that manufactures and sells pastries, cakes, muffins, etc.The enterprise has more than 1,000 shops in extraordinary towns of India.In the year 2014, the enterprise ranked 256th on the listing of the manufacturers that have been relied on the maximum through manner of approach of the humans in India.
The installed emblem call of Monginis allows the franchise plenty in attracting customers.The enterprise additionally helps the franchisee all through the complete system of setting in the franchise.The franchisee is provided with running manuals and the franchisee, alongside collectively together with his or her employees, is made to undergo education through the manner of approach of the enterprise.The earnings margin in maintaining made from Monginis is taken into consideration to be around 20 % The franchise is predicted to hit the break-even factor in around 2 years.
Mother Dairy Franchise
Another food franchise in India with low funding is Mother Dairy.Started in 1974, Mother Dairy is an Indian dairy enterprise that manufactures and sells milk and dairy merchandise to the humans of India.It is the first-class meals franchise for a small city in India.In 2015, the enterprise became ranked thirty-ninth on the listing of first-class a hundred businesses to paintings for in India.The enterprise has stores throughout India and due to the fact of its extraordinary merchandise, Mother Dairy has been prevailing the hearts of the humans of India for decades.The enterprise affords help to the franchise so that she or he is successful in the installation of the shop.
The franchise now no longer should pay any royalty to the enterprise.A region of round 5000 rectangular field is needed through the manner of approach of a character in order to install a Mother Dairy outlet.Also, at the least one individual wants to run the shop.The funding quantity required through the manner of approach of a character to emerge as the proprietor of a Mother Dairy franchise ranges from 5-10 lakh rupees.Apart from that, the franchisee additionally has to pay 50,000 rupees as franchise charges to the enterprise.In the primary yr of operations, a 30 % cross back on funding can also additionally be predicted through the manner of approach of the franchisee and she can be successful in attaining the break-even factor in round 2 years.
Market Value of Quick Service Restaurants
Profitable food franchise in India
India is the third-biggest food product manufacturer’s client marketplace within the globe and thus, is a great region for maximum important global and countrywide speedy-meals players.As the quickest developing economic system with an unexpectedly developing center class, India’s speedy meals enterprise is booming and is anticipated to in addition develop at an annual price of 10% and be virtually nicely worth throughout the $27.57 billion with the resource of using 2020. Thus, for budding Indian entrepreneurs, speedy meals make for a great enterprise to project into.One of the simplest, maximum handy, and low-chance approaches to achieve the advantages of proudly owning a speedy-meals enterprise is thru the franchise.
Operating since 1965, the number of retailers in India for the subway is usually 600+ (approximately) with a Space of 6,100 sq.ft.(approximately) requirement along with an investment of INR 35.80 lakh (approximately).One of the primary few speedy meals joints to interrupt the stereotypes in competition to speedy meals being a bad option, Subway started out an international trend.
With its signature submarine sandwiches, Subway provided a much less costly but healthful opportunity to the mainstream burger and fries that had formerly ruled the speedy-meals marketplace.As a result, Subway enjoys the loyalty of its niche, the extra health-aware audience.The logo has innovated its menu according to Indian tastes and vegetarian options and is likewise making plans to expand its Indian footprint within the future; thus, making it a ripe possibility for enterprise traders and entrepreneurs.
Operating since 1958, with the Number of retailers usually 400+ (approximately) with a Space requirement of 300-1500 sq.ft.approximately) along with an investment requirement of INR 80.25 crores (approximately).In phrases of global presence and quantity of retailers, Pizza Hut is the global’s biggest pizza chain.It was certainly considered one of the first pizza chains to head into the Indian marketing strategy and performed a tremendous position in turning pizza into an Indian family delicacy.Pizza Hut offers appealing franchise possibilities for businessmen as nicely.
For example, starting a Pizza Hut Delivery keeps calls for a smaller area, lesser personnel, and shorter education periods.For human beings inquisitive about starting a whole consuming place, Pizza Hut additionally offers franchise possibilities within the consuming place area in which the franchise proprietor is provided with an in-depth variety of menu alternatives whilst area and personnel requirement is increased.Pan-India, income for the logo witnessed a boom of 9% in Q1 of 2019.
MoKart
Operating since 2018, with 5 retailers along with Space requirement of 50-250 sq.ft.(approximately) adding the Investment required INR 30,000-800,000 (approximately).MoKart is a quirky, road meals based totally speedy meals consuming place supplying an in-depth variety of Delhi’s favorite meals, momos.Popular food franchises in particular with the city’s kids and children, this speedy-meals logo makes dimsums actually out of everything.
It offers particular flavors in 22 fillings, six customizations, one hundred thirty versions with noticeably much less costly prices, beginning at simply INR 60.Ever for the motive that its launch, the logo has additionally received recognition from some of the potential franchise proprietors attributable to their much less costly and sundry franchise formats.
Over the last few years, a huge change has been witnessed in the music consumption pattern of Indians which has led to a boom in the Indian Music streaming industry. A country where a majority of music listeners relied on radio and television, now have at least 200 million listeners using music streaming services, owing to the lowest price of internet services in the world.
With the increase in the number of subscribers on such a frequent basis, top players in the music streaming industry like Apple Music, JioSaavn, Spotify, etc are battling it out to capture the Indian market.
Affordable data packs can be an important factor that most smartphone users are now using streaming platforms to listen to music on their mobile phones, tablets, and even on computers. While international giants like Amazon Music and Spotify are trying to establish their footing in the Indian zones, local players have also attracted millions of subscribers with a considerable collection of Bollywood soundtracks, podcasts, devotional music, regional songs, etc.
Gaana- Hindi for ‘song’, owned by Times Internet is one of the largest music streaming services in the country with more than 150 million active subscribers. With a majority of its 45 plus million tunes from India, Gaana is ahead of global players like Spotify and Amazon Music. Also, the music is in 20 regional languages, including “auto-tuned Punjabi-language pop ballads, Hindi hip-hop and devotional tunes,” according to the Wall Street Journal.
Grassroot strategy and connection to regional music is an advantage over its international competitors. No other music streaming platform provides such a wide category of region-specific Indian songs. Gaana has also reduced its subscription prices from Rs 1,198-Rs 299 for the annual premium plan. Being active in the country have also allowed these services to acquire music rights from different music labels.
JioSaavn
The closest competition of Gaana is JioSaavn, with a 24% market share and more than 100 million monthly active users. JioSaavn became the second-largest music streaming platform after the Jio-Saavn merger in 2018. The streaming service hosts over 50 million songs, including, western, Bollywood, indie, or regional artists in languages like Tamil, Telugu, Punjabi, and more.
JioSaavn has also slashed its prices by 70 percent to lure more listeners. The monthly plan for JioSaavn costs Rs 99. The JioSaavn app is available on both iOS and Android platforms. Additionally, JioSaavn improves on Saavn’s earlier user interface and makes it better. However, JioSaavn retains several features from Saavn and adds some new forms of content.
YouTube Music service has the added advantage of Google Play Music’s 35 million song collection, along with the brand of YouTube. The platform has the biggest music catalog, including remixes, covers, renditions, live performances, etc. YouTube Music is a part of YouTube, made specifically for music listening experience.
The platform offers up to 256 kbps streaming and also recommends music based on our preferences. It also offers us the ability to switch between audio/video playbacks. YouTube music also has a feature of the offline mixtape, which saves up to 100 tracks to the device based on our liking. There are two versions of this application, listeners can opt for the free one which includes advertisement and does not have background play advantages.
On the other hand, the paid version costs around Rs 99/month, the Student plan costs Rs 59/month and the Family Plan (for six users) costs Rs 129/month.
Spotify
Spotify is a Swedish music streaming platform and was launched in the year 2019 India. Spotify provides high-quality music at a maximum bitrate of 320kbps and has around 40-50 million songs added to its catalog.
The streaming service has a free and a paid version and is available on both android and iOS platforms. Apart from this, Spotify provides features like curated playlists, collaborative playlists, song lyrics, song credits, podcasts, and also it can cast music on any device.
The app also provides an interesting user interface that keeps on updating regularly and includes new features and elements. It provides darker aesthetics, a modern interface of Spotify, and also made integrations for Instagram stories, Google Maps. Samsung devices etc.
Spotify Premium service for students is priced at Rs 59 per month and the normal version will cost Rs 119 per month for users. There is no family plan available in India.
Apple Music
Apple Music is a premium music streaming service which came to India in the year 2015 with different subscription plans. Apple had launched the Student Plan, Family Plan, and Individual Plan for Rs 60, Rs 190, and Rs 120. However, after analysing its competitors, Apple has slashed its prices.
It is now available for Rs 99 for individuals, Rs 49 for students, and Rs 149 for the family plan. Apple Music also provides a 3 months free trial in India. It also offers up to 256 kbps streaming and better quality compared to other platforms.
Apple Music provides personalized recommendations, a unique Apple user interface, and boasts a music catalog of over 70 million songs. The service also provides mixes, music video playlists, Beats 1 radio, along with news and sports content. Apple Music also offers Siri and Apple Watch integration and Shazam integration.
Interestingly, Apple Music can be accessed on both iOS and Android devices.
Wynk Music
Wynk music is owned by Airtel and has a 15% market share in India. The app is for both Airtel and non-Airtel users and is only available on the Android platform. Airtel has also started pilots for hosting live online concerts on the Wynk Music app.
It aims to provide the adoption of streaming platforms and provides artists to explore live streaming and virtual concerts. Wynk owns over 10 million songs and a large category of Bollywood and regional soundtracks. The service provides an unlimited download option which is quite popular among the users.
The premium plan costs Rs 29 per month for Airtel users and Rs 99 for other users.
Entrepreneurs and people looking to invest in businesses have never had it better than they do today. Businesses nowadays, are not only claiming a niche for themselves, solving numerous user problems and ushering in the future of the modern era, but they are also attracting huge wealth. Stock markets are expanding each day and the values of the shares of the companies are ever-expanding, setting new records with each passing day. Such investments are all coming from venture capitalists (VCs), angel investors, and other startup enthusiasts or businessmen.
Though investing in growing businesses can seem to be a shortcut to making a huge amount of wealth in a short time without much brainstorming, it is not exactly what it looks like. Churning out a good amount of money by investing in startups and businesses is a tough nut to crack even for the investing giants, who also incur huge losses in the process. However, there are processes to follow, much experience to gather, and a good amount of knowledge to grasp, which will lead you towards becoming one with the successful investors.
Yes, if you’re planning to jump on this bandwagon and grow your money with short-term investments in a business, now is the time. However, the first step is to decide which industry you should invest in.
To start with this process, here we’ve put together a list of the fastest-growing sectors to help you with this decision of investment.
Here are the top 5 industries that are currently growing at a quick pace in India:
Food Industry
With continuously higher annual contributions to the international food trade, this is one of the fast-growing businesses, which makes it a good bet for investors and business people alike.
The food market and its survival is essential for mankind. Besides, the latest trends that are fuelled by the research and development in the market are making foods healthier and more appetising than ever. Food choices are increasing and conveniences to procure food are decreasing, and all of that is happening due to the ever-increasing potential of the food market. The revenue in the food market of the US amounts to $8.77 tn in 2022. Food market is growing all across the globe really. Even in India, we see a huge rise of food and foodtech startups that are innovating the purchase and delivery of food products. From food processing giants like Nestle, Parle, Britannia, Amul, and Haldiram’s, to food delivery startups like Zomato, Swiggy, to the new-age meat startups like Licious and TenderCuts, vegan foods and plant-based meat startups, everyone is contributing largely to the food industry of the country and exploring new possibilities for themselves and their investors to grow.
Restaurants and food delivery businesses throughout the nation are seeing rapid growth as well. Consumers in the country are also spending far more on specialty gourmet and healthy foods than they did in the past, which makes food retail an attractive option. This sector offers an unlimited potential for high profits and ROI, particularly in segments such as food processing, packaging, and value addition. The Indian gourmet food market has been valued at $1.3 bn, which is growing at a CAGR of 20%.
India offers an endless variety of attractions for both foreign and domestic tourists, from historic monuments to lush natural reserves, quiet hill stations to bustling markets, and more. In recent years, the tourism sector has picked up tremendously and is one of the fast-growing businesses, especially with a rise in disposable income among young professionals. Rather than heading to international locations for vacation, Indians are spending more time and money exploring different parts of the country. This makes the tourism and hospitality industry a great choice for investors.
The travel and tourism industry’s contribution to the overall GDP of the nation was estimated at $121.9 bn in 2020. This will further rise, according to the latest reports, and would reportedly be reaching nearly $512 bn by 2028. MakeMyTrip, Yatra, Goibibo, EaseMyTrip, ClearTrip, and more such players are widening opportunities for the Indians to travel at their ease anywhere they want.
Along with an increase in the average life expectancy and income levels, growing awareness about health and wellness has contributed to the rapid growth of India’s healthcare sector. This has also brought the medical sector into the category of fast-growing businesses.
In addition to the evolution of hospitals, clinics, and healthcare centers, research and development have significantly increased in segments like medicines, their delivery, alternative therapy, health insurance, medical devices, and infrastructure, and more. Don’t forget that India is also a leading medical tourism destination, with people from around the world heading here for dental treatment, cosmetic surgery, and other healthcare aids.
Looking at the growth of the healthcare sector in India, while the hospital industry in India is growing at a CAGR of 16-17% and will soon reach $132.84 bn, the pharmaceutical sector of India is worth $42 bn, courtesy of the pharmaceutical giants operating in India. The pharmaceutical sector of India is positioned 3rd in terms of volume and enjoys the 13th place in terms of value as per the recent surveys.
This growing healthcare sector is now flooded with numerous startups like 1Mg, HealthKart, mFine, Netmeds, Practo, PharmEasy, MediBuddy, HealthifyMe and more, which are strengthening healthcare across various segments and beefing up its offerings.
The retail sector in India has seen immense changes and growth in the last few years, especially after the emergence of the e-commerce and online shopping space. With the world’s second-largest middle class that also has a high disposable income, competitive pricing, and rapid digitalization of the retail space, India currently ranks 5th on the list of global retail destinations. From small-scale startups to well-established giants, the retail industry offers something for every investor so much so that the would-be entrepreneurs are also practically spoilt for choice in this industry!
Though the retail market was identified as a largely unorganised sector earlier, it is fast bringing an organised structure in place. The organised portion of the retail sector is now more than 50% of the industry, and this growth has manifested in just teh period between 2012-present. The modern retail industry is now expected to grow at a CAGR of 15% and will even estimated to increase to 18% by the end of 2025.
So, if you are looking for investment in the fast-growing businesses of now, then the retail industry is definitely one of them. Besides, with the retail giants like the Tata Group, Reliance Group, Aditya Birla Group, D-Mart and more, and the growing talks of superapps like TataNeu and that of the ONDC and how it will change the retail sector, the retail industry is definitely a dream pick for the investors.
The range of products and services offered by India’s personal care industry has undergone tremendous changes over the years. Today, almost everyone is willing to spend more money on a variety of organic, handmade, and natural alternatives for their daily use. These include soaps, shampoos, makeup, hair styling products, and intimate hygiene solutions.
The beauty and personal care market in India has been estimated at $24.53 bn in 2022, and is expected to scale to $33.33 bn by 2027, the growth of which is estimated at 6.32%.
Selling through online portals surely opened up more opportunities for small business owners and the larger ones. Besides, quality beauty and personal care brands and their products are made available easily online by the D2C beauty and personal care brands like Nykaa, Plum, Tattva, Mamaearth, Wow Skin Science, Purplle, and more. Also, the personal care giants like ITC, HUL, Dabur, Godrej and its subsidiaries, Colgate, etc., are always renovating their products and revisiting their quality and effectiveness to give the startups a fight. Moreover, scopes are always increasing in wedding planning, tattoos, and piercings, spas, massage therapy, and other related sectors.
If you’re seeking funds to launch your dream business, grow your existing business or take advantage of a time-bound investment opportunity with high returns, consider using a personal loan. An unsecured loan or personal line of credit can be repaid over time, which makes sense if returns from your investment will be higher than the loan interest!
Retailers Rising to the Top – Based on these metrics, activewear brand lululemon is the world’s fastest-growing retail brand for the second year running. Famous for its culture of accountability and global community events, the brand has struck the perfect balance between a seamless online and offline experience.
What is the role of the food industry?
The role of the manufacturing food industry in relation to the provision of foods for the weanling encompasses 4 main objectives viz. customer satisfaction, safety, providing product information, and the maintenance of commercial viability.
What is the meaning of the tourism industry?
In its broadest sense, the tourism industry is the total of all businesses that directly provide goods or services to facilitate business, pleasure, and leisure activities away from the home environment.
Electronic sports or esports, a form of sport competition through video games have become increasingly popular in today’s world. It often takes the forms of organized multiplayer video game competitions participated by the professional players either individually or as a team.
It was initiated as a competition between amateur gamers. Still, in the late 2000s with the participation of professional gamers in the presence of a large audience through live streaming methods, it saw a huge surge in their popularity. As time went by, esports became a significant factor in the gaming industry.
They encouraged many game developers to actively design and provide necessary funds for holding tournaments and various other events.
Various genres of video games have become associated with esports such as the multiplayer online battle arena (MOBA), a real-time strategy (RTS), first-person shooter (FPS), fighting, battle royales, and card games.
Popular esports has also become established like the League of Legends, Counter-Strike, Dota, Starcraft, Super Smash Bros, World of Warcraft, and many more.
World of Warcraft
Esports leading the market over the years
Though esports may seem to be a niche activity, its influence and scope is massive spread all over the world that it is considered to rival even the entertainment industries.
Many numbers can be used to highlight this feature. In the year 2018, esports brought in an astounding $906 million, with approximately 436 million viewers worldwide, and the fun fact is, over 40% of the viewers do not play the said game. For the year 2020, predicted revenues from esports is around $1.48 billion.
The tournaments and leagues
The millions of viewers watching the tournaments do not necessarily mean that each of the viewers is gamers, many of them don’t even know how to play the game that they watched, they are just interested in simply watching their favourite game with their friends and millions of other people around the world.
The huge amount of audience matches the figures in the prize money that is up for grabs. Profits in esports tournaments and league held such an upside that in 2017, Riot games began to sell League of Legends franchises for $10 million, and the Overwatch League franchise for $20 million by Activision Blizzard.
Ways of viewing
Primarily, all the viewing takes place online, but nowadays, with a rise in their popularity, larger sports channels have started incorporating the e-gaming into their schedules.
The esports scenario up till the late 2000s was mainly for the amateurs. Still, with improvements in broadband networks and increased computational powers in both PCs and mobile phones, live streaming sites emerged and paved its way to stardom.
So, the exponential growth of the esports industries can be credited to these live streaming platforms such as Panda. Tv, Youtube Gaming, Smashcast. Tv, Twitch and more.
Live streaming may be the major form of viewing the tournaments and leagues, but surprisingly, there has been an increase in demand for spectators who prefer to watch them in person. Answering to this request, large spaces have been made as a platform where you can witness these games in person.
Many of the esports tournaments have taken place in places such as the Beijing National Stadium, Cineplex Inc. in Canada, the Luxor Hotel in Las Vegas with tickets selling out at phenomenal rates.
Sponsorships and esports fan profile
There are various ways you can earn in the industry, but with the research of specialists that analyze the gaming and esports have reported sponsorships as the biggest moneymakers which account up to almost 40% of the esports’ total revenue.
With the rise in popularity, the tournaments are now being sponsored by huge consumer brands such as Red Bull, Coke, Monster Energy, Mountain Dew, and even some electronic companies like Intel and Benq.
When a profile analysis was done for the esport fans, it was found that 75% of them were males and the remaining 25% were females, consisting of viewers from all age groups, the maximum belonging to the age group of 25-34, followed by those ageing 18-24.
World of Warcraft esports
Launched back in the year 2004, World of Warcraft has come a long way from being a bedroom fantasy world to become a worldwide phenomenon as the most popular massively multiplayer online game.
It has maintained its spot as the top MMO game till present date with continuous improvements being introduced to maintain its spot.
The foundation for esports was laid by Blizzard in 2007 when it announced the embracing of esports at the annual fan expo, BlizzCon as a three vs three arenas.
This was the start in its journey of esports with the addition of many other events along the years. With the increasing popularity of esports over the years, WoW has stepped up on its competitive scenes, and the prize pools and fan support has also tremendously grown.
The year 2010 saw the first attempt to raid experience by bringing out the #1 guild Paragon on stage to fight against the bosses of the past raids. It was at 2011 that we first saw a glimpse at the Race to World First where the guilds Blood Legion and Vodka has to go head-to-head on stage to finish the 25-man raid first. This was repeated in 2013.
In 2017 and 2018, Blizzard bought the Mythic Dungeon Invitational (MDI) – the second pillar of World of Warcraft esports – to BlizzCon. In this event, the best teams from all over the world – Europe, China, Asia-Pacific, America – to the battle stage and become the MDI Champions.
The on-stage teams had to fight through the same dungeon using any five-person composition as per their preference, with the same affix combination.
The team that kills the last boss and achieves a 100 per cent clear competition percentage, and is awarded for killing a certain number of non-boss mobs in a dungeon will be crowned as the champion.
Though MDI was not focused on the PvP side of esports, it still felt like a more natural fit for the World of Warcraft. By 2019, the name would be changed to Mythic Dungeon International heading to the new expansion of Battle of Azeroth.
The growth in the electrical consumption is increasing globally every day. The most important factor for the same is the increasing use of technology. It is a very suitable time if you are thinking about electrical business ideas. If you belong to the electrical field, then it would be a very lucrative idea to start with electrical business ideas. However, if you are not from that field, then also you can start with a proper strategy and guideline.
So, let’s jump into the article and find out what are the most reliable and profitable electrical business ideas.
If you are thinking to start your own production business from all electrical business ideas, then battery manufacturing can be considered. It might not be a very easy job, but it is also not a rocket science. You need to have a few guidance and training which is available almost everywhere.
Battery Manufacturing
However, you need a few license and documents to start your battery producing business. Get a NOC from local pollution monitoring authorities to run your business.
Mobile And Computer Repairing Business
This one is one of the best electrical business ideas because it is very profitable. Every household out there posses at least one smartphone or a laptop, or at least a desktop. So it is obvious for people to flock into your shop to repair their electronic handles.
Electronic Appliances
There are two ways you can operate this as one of the versatile electrical business ideas. First, you can start selling the electrical appliances in your shop, both physical and virtual. In this option, you have to purchase from and producer and sell it to your customers.
Electrical Appliances that are used daily
Secondly, you can start a manufacturing unit. You need to have raw materials assembled so you can start making electronic products. Both-way, it is going to be profitable because there is a rise in the demand in electrical appliances.
Air Compressors
Air compressors are utilized in a lot of places. Starting from smaller gas stations to the bigger manufacturing plants. The air compressor is almost found in all of the heavy machines. Air compressors are basically used to convert power into potential energy stored in pressurized air.
Therefore, if you are thinking this option to opt among all the electrical business ideas, then start from the scratch. Get enough knowledge and attend raining and workshop programs that are available in the internet.
Green Consulting
Keeping in mind the damages happening to the environment, green consulting have started. The journey with green-oriented operations is not a new thing. Since last few years, the idea of manufacturing eco-friendly way of improving energy efficiency.
Choose eco-freindly ways of electrical operations
For starting your green consulting there are a few things you need to possess. The most important is a combination of electrical engineering license as well as Leadership in Energy and Environmental Design certification (LEED).
Security Gadgets
If you intend to open a manufacturing unit, then you might need high professionals to work under you. Also, you will need huge machinery. A lot of investment to start your business with.
It is recommended to open up a store to sell security products. You can get the franchise of an existing brand. Otherwise, opt for many branded products and assemble them in your shop. With the growing crime and nuisance activities, the demand for security cameras and other gadgets are high in demand. They are required in institutions like hospital, school, offices, residents, complex, restaurants, hotels etc.
Repair and Maintenance Services
Maybe it is about any institution or a residential home, everywhere it is electrical appliances are being used for almost every work. Home repairing services also include the repair and maintenance of electronic goods. So thinking about this as one of the best electrical business ideas can also be pretty profitable.
As the life span of electronic gadgets reduces, we tend to buy more gadgets. However, there is no place to dump waste products. Also, throwing them out here and there can also be hazardous to the health. So, to make it more environment friendly, e-waste became a thing.
E-waste Management
E-wastes are essentially the discarded, surplus, obsolete, broken, electrical or electronic devices. The global e-waste management market has its net value worth $17 billion in 2015. By the end of 2020, it is expected to reach up to $49.9 billion. So, you know now, not a bad one among the electrical business ideas.
Electronics-related Blog
Blogging belongs to the universe. You just have to have enough knowledge about your preferred field. For the time being, let’s think you are a master in electronics and you want to share your views of the world. There is a lot to talk about in your blog, or even if you are doing a vlog.
Recently, the most popular thing that has come up is reviews about gadgets. t will be a wonderful opportunity if you know all the nooks and croons of the gadgets that are getting released in the market.
Growth in Electrical Market
In case you are doing a collaboration, you will not even need to buy the gadget. But you need to master the art of market your product to the audience. This might also make you an influencer. So, you have to agree, this is one of the best electrical business ideas.
Electrical Training
This is another option besides blogging and vlogging. You can start teaching others professionally. If you have a degree you can start your private training courses and charge people accordingly. The interested ones will obviously pay you for the training session.
Electrical business ideas
You need to provide a certificate for every course. Also, you need to make sure that the certificate holds a value. So you can collaborate with institutions that offer valid certificates that can be used for making an impression.
Electrical business ideas need to have a good start with in-depth research. The entire world can be your target audience. But you need to be very specific about why people would purchase from you. Get all the basics cleared about electronics so you can convince your buyers. Customer satisfaction should be your priority. So, these few electrical business ideas will surely be profitable if applied in a proper way.
Online shopping industry has seen one of the most highest surge in recent times across the globe. With a wide range of e-commerce websites available and easy access to them through our mobile phones, laptops, tablets etc., consumers can buy anything and everything at their comfort without the actual hassle of driving to the store, finding a parking lot, walking through the store to find the products and often need to stand in long queues at the cash register.
Shopping through e-commerce platforms helps consumers avoid these disadvantages. With online shopping, a person logs onto the Internet, visits the store’s website, and chooses the items she desires. The items are held in a virtual shopping cart until she is ready to make her purchase. The shopper can remain in her pajamas as she does her shopping, and the process can be conducted in the wee hours of the morning or late into the night. Online stores never close – they’re open 24 hours a day.
· Online shopping is expanding so fast that the market size is expected to hit 4 trillion in year 2020.
· The countries with leading average eCommerce revenue per shoppers are: USA ($1,804), UK ($1,629), Sweden ($1,446), France ($1,228), Germany ($1,064), Japan ($968), Spain ($849), China ($626), Russia ($396), and Brazil ($350).
· Atleast 67% of users admit to the fact that they use e-commerce websites to window shopping while idle on their smartphones.
· 60% of consumers have used Chatbots to find answers to their queries while shopping online.
Thus, it can be observed that online shopping has become a worldwide trend these days and in order to master the art of online shopping, here are some tips and tricks that you must know.
Leave items in your online shopping cart:
The most common and widely used method to save some bucks while shopping online is to select the items and add it to your shopping basket or cart and then leave it there for a day or two. This way, you can avoid impulsive purchase and the retailer will try to retain you by sending coupons and better prices on the next day. keep in mind that you have an account on the merchant’s website and you are logged in when you leave your cart.
Shop on the right days
A number of online stores roll out certain discounts and offers on Wednesdays, Thursdays and Fridays. It is also noted that Sunday is the best day to book cheap airline ticket while Monday is the most expensive day. Thus, even a Sunday afternoon lures you to shop your favourite dress, resist yourself till Wednesday for the best deals. Tuesday is the best day to purchase laptop and desktop computers as major retailers like Dell Home and Hewlett-Packard send out special coupons every Tuesday.
Dynamic pricing is the online strategy used by merchants to show different prices to different customers according to your location, your browsing and spending patterns and current demand of the product. For example: If you have searched for a laptop online and the next day when you visit the website, the price of the product shoots upto 30%. This is a part of dynamic pricing which tricks you into buying the expensive deal.
To beat dynamic pricing you must:
· Log out of your accounts (email, Facebook etc.)
· Clear your browsing history and cookies in particular
· Switch to incognito mode to visit the website
· Use a VPN for clear slate
· Choose less developed countries as home to get better prices
Chatbots for price adjustments
An AI chatbot is nothing but a software that engages the customer in conversations and provides rather specific answers to their immediate queries. The companies mainly make use of chat bots so they can increase their online sales.
You can use Chatbots with everything such as extending the date for a coupon, getting exclusive discounts that aren’t advertised, honor a price-match policy, and more. Also, 24×7 availability of someone behind the screen, only if these conditions are fulfilled they will stay with you and keep engaging.
Purchase electronics when a new or competitor’s product launches
An important trick before buying electronic gadgets, you should time them with product price drops for amazing deals. Electronic items are often sold at lower prices when the dealers need to clear inventory for new launches.
For example: If Samsung launches a new smartphone, you can compare the price with its rival company Oppo or Vivo to get the best deals.
Seek price-drop refunds
Suppose you bought a product and the very next day there is a sale on the same product, this can be annoying. In order to seek the price drop refund you can contact the retailer directly, some companies will refund you the price difference. Also, some credit cards provide price protection, you will get the difference price if the price drops, no matter where you shopped.
Smart reward programs
Some online shopping websites offer smart reward programs by doing some tasks such as by doing paid online surveys or merely browsing around product catalogs that can be exchanged to gift cards or special discounts. Some sites also offer points for simply watching videos and then you can redeem them as discounts from different online sites.
Out of season shopping
You can buy your woolen garments or seasonal furniture and seasonal decors during the after-season and post-holiday blowout sales as merchants may need to clear stock for next season’s items, you’ll score steep discounts and no one will know that it’s from last season, which definitely doesn’t exist when it comes to Christmas trees and outdoor tables.
Compare price online before shopping
In order to score the best deal out of a wide range of products, you can run smart price comparison checks through various tools such as Pricelink browser add-on, this will save your time by automatically comparing prices of the same product from different merchants. You can also know if there are some coupons available.
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.
Via is a company that provides public mobility solutions through its dynamic digitalized networks. The company develops on-demand and pre-scheduled transit systems with a focus on building the future transportation systems. This innovative move of the company helps in reducing various social problems such as traffic congestion and carbon emission. Let’s have a look at the company’s growth, strategies, and attainments.
Via is a re-engineering public transit company that focuses on transforming transportation systems into dynamic networks. The company operates in cities, private operators, school districts, universities, and corporations. The facilities include first/last mile, school bus, non-emergency medical solutions. It exhibits eco-friendly travel solutions such as less operational costs, reduced traffic, and carbon emissions.
Via was founded in the year 2012 by Daniel Ramot and Oren Shoval. Daniel Ramot is the CEO of the company. He did his Ph.D. from Stanford University School of Medicine. He was working as an Engineering and Product Manager at Israeli Air Force and was also the Director of D.E.Shaw Research. Oren Shoval is the other Co-founder and CTO of Via. He was a former strategy business consultant at McKinsey and has spent 10 years in the Israeli Air Force. The company currently has more than 700 employees.
Via – Vision and Mission
The vision and mission of the company is to build a revolutionary technology that will change the transportation system in a more beneficial way for the people.
Via – How Was Via Started?
When the company first launched, there was little interest from cities in the software platform. The company started by focusing on its consumer-facing shuttles. Over time, and using the massive amounts of data it collected through these services, Via improved its dynamic, on-demand routing algorithm, which uses real-time data to route shuttles to where they’re needed most.
Via landed its first city partnership with Austin in late 2017, after providing the platform to the transit authority for free. It was enough to allow Via to develop case studies and convince other cities to buy into the service. In 2019, the partnerships side of the business “took off,” Ramot said in a recent interview, adding that the company signed on two to three cities a week before the COVID-19 pandemic.
The Via platform is used by more than 100 partners, including cities such as Los Angeles and Cupertino, Calif., and ArrivaBus UK, a Deutsche Bahn company that uses it for a first and last-mile service connecting commuters to a high-speed train station in Kent, U.K.
Via – Business Model and Revenue Model
The company uses the generic ride-sharing model, which is a B2C business model as other transit startups. The service is to connect riders with drivers. The company charges according to the transit accompanied.
Via – Funding and Investors
Via has raised a total of $587.1M through five different funding rounds. The Series E funding round, which included other investors, totaled $400M, according to a source familiar with the deal. Exor invested $200M into Via as part of the round.
Via employs about 700 people, planed to use most of these funds to expand its “partnerships,” the software services piece of its business. Via has two sides to its business. The company operates consumer-facing shuttles in Chicago, Washington, D.C. and New York. But the core of its business is really its underlying software platform, which it sells to cities and transportation authorities to deploy their own shuttles.
The leading competitors of Via are Uber, Lyft, Gett, Zimride, Scoop, Getaround and Waze.
Uber Technologies, Inc., commonly known as Uber, offers vehicles for hire, food delivery, package delivery, couriers, freight transportation, and, through a partnership with Lime, electric bicycle and motorized scooter rental.
Lyft, Inc. develops, markets, and operates a mobile app, offering vehicles for hire, motorized scooters, a bicycle-sharing system, and food delivery. The company is based in San Francisco, California and operates in 644 cities in the United States and 12 cities in Canada.
Gett, previously known as GetTaxi, is an Israeli on-demand mobility company that connects customers with transportation, goods and services. Customers can order a taxi or courier either through the company’s website or the company’s GPS-based smartphone app.
Zimride by Enterprise Holdings is an American carpool program that matches inter-city drivers and passengers through social networking services. It is offered to universities and businesses as a matchmaking service.
Getaround is an online car sharing or peer-to-peer carsharing service that allows drivers to rent cars from private car owners, and owners to rent out their cars for payment. As of 2019, the company was reported to have five million users and approximately 20,000 connected cars worldwide.
Waze is a GPS navigation software app owned by Google. It works on smartphones and tablet computers that have GPS support. It provides turn-by-turn navigation information and user-submitted travel times and route details, while downloading location-dependent information over a mobile telephone network.
The company operates in 20+ countries with 70+ Million rides and 90+ Transit partners. The estimated annual revenue of the company is around $225M.
Via – Acquisitions
Israeli-founded transportation system company Via has acquired Fleetonomy, a fleet management software startup based in Tel Aviv, in a bid to expand into the delivery and logistics solution sphere. The financial details of the deal were not disclosed but Globes reported that a source estimated it at between $15M and $25M. Following the acquisition, Fleetconomy’s 15 employees are expected to join Via.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by the organization it is based on.
These days, when women too fetch their passion aggressively, they often seem to be in a fix upon raising their kids right while not giving up their interests. To make it a little convenient and easy on these women, Flintobox was founded by Arunprasad Durairaj, Vijaybabu Gandhi, and Shreenidhi Srirangam in the year 2013.
Flintobox essentially produces educational activity boxes for children. These boxes are particularly based on a theme. So ideally, Flintobox makes resources for Early Child Development monthly.
Flintobox provides theme-based educational activity boxes for children. It has 3–4 activities a month with a book in one theme. These activity boxes can be reused and sometimes they also tend to engage more than one child.
All activities from Flintobox come with an instruction chart. Still, if you’ve got any queries, the activities can be viewed on their website. Each of these activities is described with the help of a video and they are based on one particular theme like transport, plants, animals, mathematics, rainbow colors, a game, a crafting/ coloring activity with good items. This is complemented with one storybook with superior characters like Bobo, Mia, Benji, and Flinto.
Get Monthly Subscription! And get Flintobox every month on an Educational theme
Themes are focused on developing key skills by inculcating age appropriate activities
Watch & observe your child learning new things and concepts by having fun simultaneously!
Flintobox in Nutshell
Presenting a new theme every month, It is research-based and caters to the development of 12 areas in the child’s overall growth. These boxes are curated by Montessori experts and child psychologists.
There are two different product modules at Flinto Learning:
Flintobox – This product is mainly a subscription program that is designed to deliver engaging learning activities to children right at their doorstep.
FlintoClass – This one is a comprehensive preschool system for independent/unbranded preschools. It provides children with a top-notch learning experience in their early growth years.
Driving the kids away from ipads and Mobiles – With activities designed so well and keeping the key result areas on top, the children are ought to spend more time doing these rather than playing games on the mobile and watching cartoons on television.
Bonding time with the Parents – In the tight schedules and being disturbed by so much technology all around, parents hardly can spend any quality time with their kids. With Flintobox activities, they are ought to spend some good time doing these activities with their kids thus resulting in good bonding time.
Increasing the Creativity Quotient in the kids – With reduced time spent on Televisions and computers, the children get to creatively explore the arenas of thinking while doing the Flintobox activities. In the competitive world today where kids are not only judged at I.Q., this makes them ready for tomorrow.
Flintobox – Founders and Team
Flintobox was founded by Arunprasad Durairaj, Vijaybabu Gandhi, and Shreenidhi Srirangam.
Flintobox Founders
Arunprasad Durairaj, Co-Founder & CEO – He is an entrepreneur and an Ivy League graduate. He has worked in a wide array of industries like consumer goods, food services, biotech, healthcare, infrastructure development, mining, transportation in strategic and has also had financial advisory roles to play. He is currently an advisor to Startup Community in Chennai and Bangalore.
Vijay Babu Gandhi,Co-Founder & COO – With a B.Tech from Anna University, he was a co-founder at Zinghopper before co-founding Flintobox.
Shreenidhi Srirangam, Co-Founder & CTO – He has over 15 years of experience in larger organizations and startups. His expertise lies in designing and implementing mobile and web experience. He has successfully led teams and is also an individual contributor.
All of this started with the current problem of the present generation. The problem is that they are busy with their daily and hectic schedules and at the same time they want their children to excel in their studies. In this generation, parents are truly trying their best to nurture their kid’s creativity and curiosity to an optimum level. So the basic idea for Flintobox was germinated when Vijaybabu Gandhi faced this with his 5-year-old kid who was more unconsciously deep in movies and mobiles.
This stressed out Gandhi and he began thinking of ways as to how can this situation be avoided. Therefore he wanted to create a product that can be used to increase the kids’ creativity through meaningful activities. To do so, he thought about a venture like this to protect the kids from the curse of technology. And that’s how the idea for Flintobox was germinated.
This was followed by him sharing the idea with two of his friends who are now the co-founders. Together they came up with an idea of starting a product called Flintobox.
Flintobox – Name, Tagline, and Logo
The name Flintobox is ideally originating from flint, which is defined to be a sedimentary rock that generates sparks when struck against steel.
This business model of Flintobox is subscription-based. It offers three subscription plans:
3-month subscription
6-month subscription
12-month subscription
The customers are entitled to upgrade or cancel at any point in time. The company puts up efforts at teaching the children several realistic concepts throughout the subscription. Also, one of the most interesting parts is that the subscribers of Flintobox receive a digital feed on parenting tips along with weekly activity ideas to do with children through the App.
Flintobox has raised a total of $15.3 Million in funding over 5 rounds. Their latest funding was raised on July 2020 for $7.2 million led by Lightbox ventures
Here is a list of all the funding rounds of Flintobox:
Date
Stage
Amount
Investors
August 2013
Seed Round
$35K
–
October 2014
Seed Round
$300K
–
August 2015
Angel Round
–
Globevestor
December 2017
Series A
$7 million
Lightbox
August 2018
Debt Financing
$800K
InnoVen Capital
July 2020
Pre Series B
$7.2 million
Lightbox Ventures
“We don’t want COVID-19 to come in the way of a child’s learning. For children below 6 years of age, monotonous online classes can’t be a substitute for the multi-sensory experiences that they deserve. We wanted to ensure that children continue receiving structured hands-on learning without compromising on their safety. We will be using the funds to create, expand and distribute this product across the world so that no child’s learning stops due to Coivd-19″ says Arunprasad Durairaj, CEO & Co-founder, Flintobox
In FY 2017, Flintobox had a revenue of around $2.05 million, which raised to around $3.65 million in 2018.
Over 5 lakh customers across India
Catering to 45 million children in the age group of 2-12 years
40% sales in metros, 60% in tier-II cities
Present in more than 30 cities in India
Reached a 1,000 preschools
Gone Global with establishing a presence in South and Middle-East Asia
Flintobox – Awards and Recognition
It was awarded the “Coolest Startup of 2014” by Business Today
Also, the “Best Education Startup of 2014” by the Confederation of Indian Industries
Won the Wharton India Startup Competition in 2015
And was also recognized as the best subscription boxes of 2014 by kidsstoppress
Flintobox – FAQs
What is Flintobox?
Flintobox is an India-based company that produces educational activity boxes for children. Based on a theme, the company makes resources for Early Child Development on a monthly basis.
Who are the Founders of Flintobox?
Flintobox was founded by Arunprasad Durairaj, Vijaybabu Gandhi, and Shreenidhi Srirangam.
How much is the revenue of Flintobox?
In FY 2017, Flintobox had a revenue of around $2.05 million, which raised to around $3.65 million in 2018.
How much Funding is raised by Flintobox?
Flintobox has raised a total of $15.3 Million in funding over 5 rounds. Their latest funding was raised on July 2020 for $7.2 million led by Lightbox ventures
What is the Business Model of Flintobox?
This business model of Flintobox is subscription-based. It offers three subscription plans:
Lakshya Singh
