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Tag: Amitabh Bachchan

  • CoinDCX Success Story – Leading the Crypto Revolution Through Innovation and Accessibility

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organisations. The content in this post has been approved by CoinDCX.

    A massive increase in the number of internet users has reactivated virtual world concepts and spawned a new market phenomenon known as cryptocurrency to enable financial transactions such as purchasing, selling, and trading.

    Cryptocurrencies are digital representations of precious and intangible objects that can be used in a variety of applications and networks, including online social networks, online social games, virtual worlds, and peer-to-peer networks.

    In recent years, virtual currency has been widely used in a variety of schemes. It’s clear that cryptocurrencies are an important and rising element in today’s digital economy.

    CoinDCX is a cryptocurrency trading site, which is famous as one of India’s biggest cryptocurrency exchanges. The company earned the unicorn status by raising $90 million on August 10, 2021, and turned into India’s first unicorn crypto startup.

    Here we will delve deep into the CoinDCX company, where you will find all about CoinDCX, CoinDCX Founders, its Funding, Investors, Mission, Vision, Business and Revenue Model, Challenges Faced, Future Plans, and more. So, stay glued.

    CoinDCX – Company Highlights

    Company Name CoinDCX
    Headquarters Mumbai, Maharashtra, India
    Industry Cryptocurrency, Software
    Founded April 2018
    Founders Sumit Gupta and Neeraj Khandelwal
    Valuation $2 billion
    Website www.coindcx.com

    About CoinDCX and How it Works?
    CoinDCX – Industry
    CoinDCX – Founders and Team
    CoinDCX – Startup Story
    CoinDCX – Mission and Vision
    CoinDCX – Name, Logo and Tagline
    CoinDCX – Business and Revenue Model
    CoinDCX – Growth and Revenue
    CoinDCX – Funding and Investors
    CoinDCX – Partnerships and Campaigns
    CoinDCX – Achievements
    CoinDCX- LayOffs
    CoinDCX – Competitors
    CoinDCX – Challenges Faced
    CoinDCX – Future Plans

    About CoinDCX and How it Works?

    Billed as India’s largest and safest cryptocurrency exchange platform, CoinDCX allows users to legally exchange various cryptocurrencies. It is built for all types of traders, taking into account their trading background, risk tolerance, and trading frequency, allowing customers to trade their crypto assets according to their requirements.

    CoinDCX is a company that is working on a cryptocurrency trading network. The business is focused on developing cross-border financial services that ensure a smooth and continuous flow of resources. The trading experience is quick, reliable, and effortless thanks to its liquidity, powerful wallet, and impenetrable protection. CoinDCX has given its traders access to a variety of industry-first products that enable them to trade using exchange liquidity.

    Currently, CoinDCX Go offers a range of tokens in INR pairs such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Chainlink (LINK), EOS (EOS), Tether (USDT), Cardano (ADA), Stellar Lumens (XLM), Ripple (XRP), Basic Attention Token (BAT), Matic Network (MATIC), Tron (TRX) etc.

    CoinDCX announced its 3rd birthday on April 7, 2021. Three years ago, CoinDCX has begun an exciting journey of providing cryptocurrency trading and exchange services to the general public. The Reserve Bank of India (RBI) declared a banking ban for cryptocurrency and related entities around the same time. In addition, India’s crypto industry was in desperate need of a shake-up. It was enough to keep the momentum going, and CoinDCX began with a single goal in mind: ‘Cryptocurrency Adoption.‘

    The services of CoinDCX are tailored to fit all styles of traders, taking into account their trading history, risk tolerance, and frequency of trading. The company’s mission is to democratise finance and make investing more accessible to the general public.

    CoinDCX announced the launch of CoinDCX Go app on January 20, 2021. A future Bitcoin app that allows users to legally purchase Bitcoin and other common cryptocurrencies with a single click, CoinDCX Go stands as a simple, safe, and secure method to invest in cryptocurrencies.

    CoinDCX – Industry

    CoinDCX is a part of the cryptocurrency industry, which is growing at an unimaginable pace across the globe. Looking at the global cryptocurrency industry, we can discover that it reached a valuation of $1,782 billion in 2021. The same sector is predicted to grow at a CAGR of 58.4% and will reach $32,420 billion by 2027. While looking at the growth of cryptocurrency in India, the same industry is inching to touch a valuation of $241 million by 2030, as of December 2021.      

    CoinDCX – Founders and Team

    CoinDCX was founded by Sumit Gupta and Neeraj Khandelwal in April 2018.

    Founders of CoinDCX - Sumit Gupta and Neeraj Khandelwal
    Founders of CoinDCX – Sumit Gupta and Neeraj Khandelwal

    Sumit Gupta

    Sumit Gupta is known as the Co-founder and CEO of CoinDCX. Sumit holds a B.Tech in Electrical and Electronics, and an MTech degree in Electronics and Signal Processing, from IIT Bombay. He served as a Data Research Analyst at Columbia Business School before joining Sony as a Software Engineer. However, he left the role after a little more than a year and co-founded ListUp before leaving it too and founding CoinDCX.  

    Neeraj Khandelwal

    Neeraj Khandelwal is another Co-founder of CoinDCX, who also serves as CTO of the company. Khandelwal also is an alumnus of IIT Bombay, who completed his graduation in Electrical Engineering from the same university. It is Khandelwal who leads the technical development of the CoinDCX products.

    The CoinDCX team created the entire platform from the ground up. Full-stack developers, blockchain developers, machine learning engineers, app developers, software engineers, and data scientists make up the 100+ members team, giving them the expertise to incorporate any innovative logic or functionality in our market. CoinDCX plans to have a workforce consisting of 200+ members soon.  

    CoinDCX – Startup Story

    Sumit Gupta first learned about distributed ledger technology when Bitcoin mining was gaining popularity. This is when the concept of putting together different decentralised marketplaces and cryptocurrencies, which serve as the marketplace medium of exchange, stayed with him.

    He then reached out to his friend Neeraj Khandelwal, with whom he worked to bridge the crucial market gaps between this emerging technology and global consumers. The duo realised that blockchain traders, who could keep track of thousands of crypto trades every second, lacked a single trading network. In April 2018, the IIT-Bombay graduates launched CoinDCX as a result of this.

    The startup claims to have had a daily trading volume of more than $10M and a monthly trading volume of $400M since its launch. After researching the industry and the potential of crypto technology, they launched the DCX journey with a cryptocurrency exchange in 2018.

    CoinDCX – Mission and Vision

    CoinDCX mission and vision statement says,

    “CoinDCX envisions to enable global financial inclusion of billions of people around the planet with a crypto-based financial services. We aim to make decentralized financial services accessible to the common man on their palms and tips.“

    CoinDCX – Name, Logo and Tagline

    DCX is a company based in Singapore that specialises in crypto-enabled financial services, and so the name ‘Coin’ DCX is a fitting add-on to let the company ooze of uniqueness.

    Company Logo of CoinDCX
    Company Logo of CoinDCX

    CoinDCX’ s tagline is, “Your Gateway to Crypto.“

    How to buy Dogecoin Cryptocurrency in India?(Step by Step method))
    Dogecoin was created in 2013 by Jackson Palmer (Adobe Employer) $ Billy Palmer(Software Engineer). What began as a joke, is now making investors rich. It’sthrilling to see that there are people out there willing to buy Dogecoin for ahigher price. That’s what keeps on driving more and more traffic…
    StartupTalkyPooja Uniyal

    CoinDCX – Business and Revenue Model

    The CoinDCX business model has established single-point access to trade all cryptocurrency instruments available in over 500 markets, according to the founders. It claims to have developed a highly scalable trade machine engine capable of processing one million transactions per second. Any transaction or exchange on CoinDCX incurs a transaction fee. Deposit fees (charged on exchanging currencies), withdrawal fees, trading commissions (0.01 percent of the overall transaction is normal on any exchange), and listing fees are how CoinDCX makes money, just like any other cryptocurrency exchange.

    The trader will convert INR to Cryptos and vice versa on DCXInsta, gain by lending their holdings with DCXlend, and leverage trades with DCXmargin on DCXtrade’s 500+ markets. CoinDCX aspires to be the world’s best cryptocurrency exchange. Its patented liquidity aggregation model gives users access to liquidity from the world’s leading cryptocurrency exchanges.

    CoinDCX – Growth and Revenue

    CoinDCX is popularly hailed as India’s first crypto unicorn. Founded in 2018, CoinDCX brings easy investing and trading solutions for cryptocurrency-based products for all. This ISO-certified crypto platform, which is insured by BitGo, provides an array of products like CoinDCX, CoinDCX Pro, DCX Learn, Cosmex, and more. It is the only crypto startup in India that has raised 3 CoinDCX funding rounds in less than a year.

    CoinDCX witnessed a 45.78% growth in its installed users between October and November 2021 alone. The growth of CoinDCX definitely depends on the innovative ideas on which CoinDCX was founded, its ability to battle with the challenges thrown in, the funding rounds it has witnessed, and the innovative and interesting marketing strategies that CoinDCX executes.  

    Some more growth highlights of CoinDCX are:

    • CoinDCX became the first crypto unicorn in India valued at $1.1 billion as of August 10, 2021, with the latest funding round where the former Facebook co-founder, Eduardo Saverin’s B Capital Group took part along with a bunch of the company’s existing investors – Coinbase Ventures, Polychain Capital, Block.one and more. CoinDCX was valued at $2.15+ bn last in April 2022.
    • CoinDCX has grown its user base from 150K to 400K in just 15 months and currently over 1.4 crores users.
    • The quarterly trading volume of CoinDCX is  over 16,500 users.
    • CoinDCX has already crossed $10 billion in trading volume in February 2021
    • It has witnessed a 4X growth Q-o-Q in daily active users
    • It has listed 500+ coins and 1000+ trading pairs

    CoinDCX Revenue, Financials and More

    CoinDCX’s Indian business, Neblio Technologies, witnessed a remarkable growth in its net profit in FY21, which rose 9X YoY to become Rs 4.4 crore from Rs 45.6 lakh in FY20.

    All of it started with the Supreme Court verdict of March 2020, which lifted the banking ban on the trade of cryptocurrency in India. CoinDCX started seeing quite a growth starting from August 2020 onwards. It noticed a 38% month-on-month (MoM) growth since its inception in 2018. This is due to the fact that more and more Indians started to show interest to participate in the global crypto economy.

    The CoinDCX operating revenue surged by more than 527% YoY from Rs 6.2 crore in FY20 to Rs 38.9 crore in FY21.

    The expenses also ballooned by more than 7X, which increased from Rs 5.7 crore in FY20 to Rs 40.7 crore in FY21.  

    CoinDCX Financials FY20-2023

    CoinDCX Ventures

    CoinDCX launched CoinDCX Ventures with an aim to establish its own venture investment arm on May 10, 2022. The venture investment arm of the Indian crypto-exchange unicorn, CoinDCX Ventures will help the company invest in early and late-stage crypto and blockchain startups. Rohit Jain, a Harvard Business School alum has been appointed by the startup as the Senior Vice President and the Head of Ventures and Investments to lead the CoinDCX Ventures which is designed to strengthen the digital asset ecosystem of India and give a push to the country’s digital economy. According to the Co-founder and CEO of CoinDCX, Sumit Gupta, CoinDCX Ventures is nothing short of a “great milestone”, and that the crypto exchange has plans to invest around Rs 100 crores in CoinDCX Ventures within the next 12 months.

    CoinDCX “Earn” Crypto Yield Initiative

    CoinDCX has announced the launch of its new initiative on May 26, 2022. This “Earn” crypto yield initiative that CoinDCX launched, will allow the crypto asset holders to earn interests on their crypto assets.

    The platform will deploy the assets under ‘Earn’ among the wide array of yield generating options like lending, margin trading, and staking, in order to create returns. This new opportunity to yield income promises no lock-in periods and withdrawals at any moment, thereby offering the customers full flexibility and control over their cryptocurrency assets. However, the tenor must be of seven days.

    CoinDCX grew considerably even during the pandemic, speaking about which, Sumit Gupta, the CEO and Co-founder of CoinDCX said in a statement, “This has been the most exciting year for CoinDCX. While the pandemic forced everyone indoors, CoinDCX scaled up exponentially and continues to do so. Our team tripled in number from 30 in March to 90 in December, and we are continuing to hire aggressively.”

    If more investors looked into these emerging liquidity alternatives as a result of the global pandemic, interest in digital assets grew steadily. As institutional and individual investors adopt these emerging asset classes to diversify their portfolios, this trend is expected to intensify exponentially, according to analysts.

    India is regarded as a developing market for cryptocurrencies, with retail investors aged 25 to 40 spending millions of dollars every day on cryptocurrency trading in the nation. In the April-June quarter of 2020, the exchange says it saw a 3X increase in total volume traded and a 4X increase in daily active users.

    “In the end of 2020, interest in digital assets was growing consistently as more investors explored these new liquidity options. With the global events this year, we’re seeing this trend accelerate exponentially, as both institutional and individual investors embrace these new asset classes to diversify their portfolios,” Block.one’s CEO Brendan Blumer said.

    CoinDCX – Funding and Investors

    CoinDCX has raised around $245 million over 8 Coindcx funding rounds that the company has seen. The last (Series D) round of funding came in on April 19, 2022, and helped CoinDCX raise $135 mn. Pantera Capital and Steadview Capital led this CoinDCX funding round, which helped the crypto unicorn raise its valuation to around $2 billion. The previous round of funding helped the company raise $90 million, which turned the company into an Indian unicorn startup at a valuation of $1.1 billion on August 10, 2021.

    The CoinDCX funding till date is as follows:

    Date Round Amount Lead Investors
    April 19, 2022 Series D $135M Steadview Capital and Pantera Capital
    August 10, 2021 Series C $90M B Capital Group, Coinbase Ventures, Polychain Capital and others
    Dec 22, 2020 Series B $13.43M Block.one
    May 26, 2020 Series A $2.5M Polychain
    Mar 23, 2020 Series A $3M 100x Ventures, Bain Capital Ventures, Polychain
    Mar 20, 2019 Seed Round – Bain Capital Ventures
    January 7, 2019 Secondary Market – –
    March 30, 2018 Seed Round – –

    CoinDCX has been funded to date by some of the famous venture capitals in the world of startups like Steadview Capital, Pantera Capital, B Capital Group, Polychain Capital, Bain Capital Ventures, and more, which have led to elevating CoinDCX to the position of the first crypto unicorn of India. However, little was known about the shareholding pattern of CoinDCX until now. This is why we have taken a dive into the shareholding pattern of the company.

    Here goes CoinDCX shareholding pattern, as of April 29, 2022:

    Owning Company/Individual Percentage of Stakes
    Polychain Ventures 19.40%
    Block One Investments 18.52%
    Neeraj Khandelwal 14.36%
    Sumit Gupta 14.36%
    Bain Capital 7.13%
    Others 6.43%
    Jump Capital 3.73%
    B Capital 2.96%
    Cadenza Capital 2.79%
    Steadview Capital 2.38%
    Coinbase 2.34%
    Uncorelated fund 2.01%
    Pantera Blockchain fund 1.46%
    Choi Sung Ho 1.11%
    Vivek Nagpal 1.01%

    The shareholding status of CoinDCX shows that Polychain Ventures owns the highest stakes in the company whereas the co-founders of CoinDCX – Neeraj Khandelwal and Sumit Gupta, have 14.36% of stakes each. Reports say that the collective valuation of the co-founder is over $590 mn.    

    CoinDCX – Partnerships and Campaigns

    CoinDCX Makes Amitabh Bachchan its Brand Ambassador

    CoinDCX has seen quite some partnerships that involved Bollywood actors and more. The company didn’t see any brand ambassadors until it partnered with the veteran actor Amitabh Bachchan, who became the first brand ambassador of the brand according to the reports dated October 4, 2021. With this agreement, CoinDCX aims to boost the overall knowledge of crypto and popularise the currency as an emerging asset class. Furthermore, Bachchan is also deemed to be the new face of the latest campaign by CoinDCX.

    According to CoinDCX, Bachchan’s personality matches the brand’s values. Amitabh Bachchan, who is always forward in his league, whether it is in movies or anything else, is the paragon of wisdom, which will help the company add more credibility. Besides, the veteran actor has been a crypto investor himself and has already been successful in launching his own NFT (Non-fungible token), thereby gathering a considerable amount of knowledge of the crypto space. “His knowledge will prove valuable in building trust and credibility amongst new users. We are certain that his association with CoinDCX will help bring greater visibility to the world of crypto and develop a strong brand recall for us,” mentioned Sumit Gupta, Co-founder, and CEO of the brand.

    CoinDCX is yet to proceed with its ad campaign with Amitabh Bachchan as of October 15, 2021. The company has reportedly put the advertisement campaigns with the legendary actor due to the lack of clarity on the regulation and policy framework. On the other hand, Amitabh has also disclosed in a recent blog post that he will be reconsidering the advertisement campaign signed with the crypto trading major. He had also mentioned that he would be revoking his endorsement with the pan masala brand Kamala Pasand on the same blog.

    CoinDCX Ropes in Ayushmann Khurana

    The crypto unicorn has roped in celebrated actor Ayushmann Khurana for its new campaign titled “Future Yahi Hain” on October 18, 2021. This CoinDCX campaign is designed to address concerns surrounding crypto investments of Indian audiences.

    #BitcoinLiyaKya Campaign

    CoinDCX has launched a digital campaign titled #BitcoinLiyaKya, which is a humorous take on the inclusion of cryptocurrencies like bitcoins. This campaign aims to drive more audiences to use bitcoins via companies like CoinDCX.

    HAPPY DAY REWARDS Campaign

    CoinDCX launched the “HAPPY DAY REWARDS” campaign to fuel its crypto awareness campaign across the country and present crypto as a dominating asset class.

    CoinDCX Happy Days

    The campaign, which started on 19th September 2021 and ended on October 15, 2021, brought opportunities for numerous eligible new users to win up to Rs 1 lakh worth of Bitcoin (BTC) every day.

    Some other partnerships that CoinDCX saw are:

    • The unicorn crypto startup partnered with BITS Pilani on March 8, 2022, to foster research, development, and innovation in crypto among the students in India.
    • CoinDCX partnered with Solidus Labs on February 19, 2022. This collaboration is aimed to enhance anti-money laundering protection.
    • Partnership with Onfido – CoinDCX partnered with Onfido. The UK-based company that has its headquarters in London, is recognised as a world leader in AI for identity verification and authentication and was partnered with by CoinDCX to help the company figure out whether the user identities of the users’ identity documents are authentic.
    • Partnership with BitGo – CoinDCX collaborated with BitGo in May 2020 to secure Indian crypto trader funds.
    • CoinDcx partnered with Cryptocurrency Exchange OKEx, with over 50 million users worldwide, OKX is a global spot and derivatives exchange for cryptocurrencies and the second-largest exchange by trading volume.

    CoinDCX – Achievements

    CoinDcx is rewarded with the following recognitions from industry leaders:

    •  Great Place to  Work Award 2021 & 2022.

    •  Tech Start-up of the Year Entrepreneur Awards.

    •  Elite list of Unicorns in India 2021 by Tracxn.

    •  Next Hottest Product by Amplitude Award.

    CoinDCX- LayOffs

    According to reports, CoinDcx has decided to direct the company’s growth in the direction of profitability and sustainability; they have let go of 12% (or about 70 employees) of the total workforce. According to Sumit Gupta, CEO of CoinDcx, “…Today, some of our incredibly talented team members will be parting ways with the organization. We are deeply sorry for that and we want to share our thoughts and reasons for the same,”.

    Additionally, he added, “As you all know, startups and businesses globally are going through challenging times due to tough macro conditions, more so in crypto because of the prolonged bear market and impact of TDS on domestic exchanges. These factors had a significant impact on our volumes and thus revenues. To adapt, we undertook several proactive measures, including direct cost optimization and investment in automation to drive efficiency and productivity”

    CoinDcx underwent internal reorganisation earlier in January, but it denied that any employees were laid off as a result of the process.

    CoinDCX – Challenges Faced

    CoinDCX was launched in 2018, and in the same year, RBI announced a banking ban on the transactions of cryptocurrencies. This ensured the shutdown of cryptocurrency startups in many parts of India, however, CoinDCX was one of the exceptional players who contested this ban, which finally, in March 2020, was invalidated by the Supreme Court of India. This lifting of the ban helped CoinDCX grow its user base from 150K to 400K investors on its exchange.

    As the price of Bitcoin, the world’s leading cryptocurrency, dropped dramatically to a multi-month low, Indian cryptocurrency exchanges WazirX and CoinDCX experienced hour-long outages. Bitcoin’s price fell 30% in a few hours to $31,000 on May 19th, 2021. Many investors tried to sell their crypto assets to prevent large losses when the price fell, but they were unable to do so because WazirX and CoinDCX’s servers crashed, denying those trades.

    Other investors attempted to purchase cryptocurrencies when the price was low, but their purchases were unsuccessful, resulting in a loss of valuable time before Bitcoin’s price rebounded to $40,000. Several investors converted their cryptocurrencies to Indian rupees and requested withdrawals, but stated that the funds were withdrawn from their crypto wallets but not reflected in their bank accounts.


    Following an informal advisory from the Reserve Bank of India, many Indian banks have stopped providing services to Indian crypto companies (RBI). Despite the Supreme Court’s decision in March 2020 to overturn the RBI’s 2018 circular prohibiting banks from offering services to crypto exchanges, this is still the case.

    The current accounts of crypto companies have been suspended by ICICI Bank, one of the last few large lenders to provide services to them. Payment gateways for merchants buying or selling cryptocurrencies have reportedly been told by the private sector lender to turn off its net banking services.

    CoinDCX was Questioned by ED in Relation to FEMA

    The Enforcement Directorate (ED) has been working on an ongoing Foreign Exchange Management Act (FEMA) to verify whether or not the Indian cryptocurrency companies are engaged in foreign currency offences. CoinSwitch Kuber has also been notified by ED in relation to the same. The ED has already questioned Sumit Gupta, the founder of CoinDCX, at its headquarters in Bengaluru. His statements were also videotaped, as far as the reports go.

    Coinbase – Company Profile | All You Need To Know
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by Coinbase. Individual coin ownership records are stored in a ledger in the form of acomputerized database that uses strong crypto…
    StartupTalkySarika Anand

    CoinDCX – Competitors

    Top Competitors of CoinDCX are as follows:

    CoinDCX – Future Plans

    • Aims to get 50 million Indians into the cryptocurrency bandwagon this year.
    • Aims for widespread adoption among new crypto enthusiasts, especially millennials and Generation Z.
    • Strives to spread awareness about cryptocurrencies.
    • Looks forward to improve the company’s existing array of products.
    • Aims to strengthen customer retention campaigns.

    Speaking from a development perspective of the app, Neeraj Khandelwal, Co-founder, CoinDCX said, “Most of the app users are in the age group 22 to 45. This app has been introduced to serve a simple purpose; remove the fear of technology, make the market numbers more understandable and provide the ability to make informed decisions in the crypto universe. A smart investor will regularly invest at least 1 percent of his disposable income for Bitcoins in his investment portfolio. People having faith in the future of technology should do the same. The app just makes the induction easy. Buying Bitcoin on CoinDCX Go will be as easy as using any of the popular apps such as WhatsApp, Instagram, Amazon, or booking your cab through Uber.”

    The company invested $1.3 million in TryCrypto, its own project aimed at making blockchain and cryptocurrency more available to mainstream consumers, in yet another effort to accelerate mass acceptance of cryptocurrencies.

    FAQs

    How does CoinDCX work? What does it do?

    CoinDCX is a platform that allows users to legally exchange various cryptocurrencies. It is built for all types of traders, taking into account their trading background, risk tolerance, and trading frequency, allowing customers to trade their crypto assets according to their requirements.

    Who founded CoinDCX?

    CoinDCX was founded by Sumit Gupta and Neeraj Khandelwal in March 2018.

    Which companies do CoinDCX compete with?

    Top Competitors of CoinDCX are UPHOLD, Binance, Coinbase, Poloniex, LocalBitcoins, HitBTC, Kucoin, C-Cex, Bitso, and WazirX.

    How does CoinDCX make money?

    Deposit fees (charged on exchanging currencies), withdrawal fees, trading commissions (0.01 percent of the overall transaction is normal on any exchange), and listing fees are how CoinDCX makes money, just like any other cryptocurrency exchange.

    How is the CoinDCX funding?

    CoinDCX funding is impressive. In fact, CoinDCX is also hailed as the only crypto startup in India to have raised three funding rounds in less than a year.

    What is the CoinDCX transaction fees?

    If you are wondering about the CoinDCX transaction fees, then you need to know that CoinDCX charges 0.10% commission from both the takers and makers.  

  • Pune Startups | List of Top Startups in Pune [2022 Exhaustive List]

    The city of Pune is the cultural capital of Maharashtra and a hub for the automotive and IT sectors. Pune is a favorable destination for investments in India. It has paved way for several emerging startups. The city’s close proximity to Mumbai adds to its advantage in trade, business, and lifestyle. Thus, Pune is popular among investors seeking to launch their business. This post outlines some of the most popular startups in Pune.

    Also read – If you are looking for a list of startups in Pune, this exhaustive list of all recently funded startups in Pune and other cities should help you.

    We have also covered startups based in Delhi, Goa, and other major cities of India.

    1. FirstCry
    2. Letsintern
    3. InTouchApp
    4. PortraitFlip
    5. Helpshift
    6. EarlySalary
    7. MindTickle
    8. DataTorrent
    9. Happy Roots
    10. MarketsandMarkets
    11. Plobal Apps
    12. Docplexus
    13. Tork Motors
    14. Repos Energy
    15. ShoppinPal
    16. HotFut Sports
    17. 111 Startups
    18. Dark Reflections
    19. Brandup
    20. Icertis
    21. Xpressbees

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    List of top startups in Pune

    FirstCry

    Founder: Supam Maheshwari
    Year Founded: 2010
    Industry: Baby Products

    FirstCry Logo | Startups in Pune

    FirstCry is Asia’s largest online store for baby and kids products. It caters particularly to the needs of parents expecting children or those with toddlers. In general, FirstCry offers a massive catalogue for children till their early teens. The venture was started by Supam Maheshwari and offers the best deals in products meant for kids. The endeavor aims to ensure that the customer gets the widest choice of top-rated brands and products at the best price in India. FirstCry is known for its service and the timely delivery of products.

    Amitabh Bachchan is the brand ambassador of FirstCry. FirstCry’s major customer base is in Pune. It is rapidly expanding operations in other metro cities too.

    Letsintern

    Founders: Rishabh Gupta, Mayank Batheja, and Pranay Swarup
    Year Founded: 2010
    Industry: Recruitment

    Letsintern logo | Startups in Pune

    Very few people know that Letsintern is a Pune-based startup. Letsintern is a platform for students to grab their favorite internships. Over 12,000 organisations have tied up with the company to streamline the process of hiring interns and employees. The platform claims to get more than 280,000 visits on its website and mobile app every month.

    Letsintern was founded by Rishabh Gupta, Mayank Batheja, and Pranay Swarup in 2010. Aspiring minds, a job-finding platform, acquired Letsintern in 2015. After the acquisition, the company’s headquarters was shifted to Gurgaon.

    InTouchApp

    Founders: Sarang Lakare
    Year Founded: 2012
    Industry: Mobile App

    InTouchApp | Pune Startups

    InTouchApp is a simple yet useful app that helps you manage your contacts. It was developed keeping businessmen and entrepreneurs in mind. InTouchApp allows you to save contacts from business cards. It automatically updates the contacts and assists in managing both personal contacts and business contacts. The app is free of cost on all major platforms. As of now, it has over 1 million downloads and manages billions of contacts.

    The app was founded by Sarang Lakare. Sarang has 12 years experience in application development. He has a master’s degree and a PhD in Computer Science from Stony Brook University.

    PortraitFlip

    Founders: Sunny Choudhary
    Year Founded: 2018
    Industry: Art and Handicrafts

    PortraitFlip | Handmade Painting From Photos in Pune
    PortraitFlip | Startups in Pune

    PortraitFlip makes handmade paintings from photos and delivers them to the customer’s doorstep. You can order custom handmade paintings from its website. PortraitFlip ships worldwide and experiences many orders from the US, UK, Canada, Australia, and Singapore. The company flaunts a 100% satisfaction guarantee because it trusts the artists who makes these custom paintings with utmost precision. The paintings are hand-painted by artists in mediums like oil, charcoal, pencil, acrylic, coloured pencil, and watercolor.

    PortraitFlip is famous for its ‘compilation portraits’ wherein the customers can convert characters from multiple photos into one painting. The company is also known to make pet portraits, couple portraits, and landscape portraits. It offers you customization options like size, medium, framing options, unlimited characters, custom messages, etc.

    Mr. Sunny Choudhary, the founder, currently directs PortraitFlip. This Pune-based startup has made a revenue of $600,000 since its inception in 2018. PortraitFlip is targeting a revenue of $14,00,000 by the year 2021.

    Helpshift

    Founders: Abinash Tripathy and Bishampayan Ghose
    Year Founded: 2011
    Industry: Business Solutions

    Helpshift Logo | Startups in Pune

    Helpshift is a business service provider. It offers smart solutions to businesses for maintaining and improving customer interaction. With the aid of Helpshift’s AI chatbots and other personalized products, businesses can automate their customer service tasks and focus on what matters the most. The startup also provides other related services.

    Helpshift was founded by Abinash Tripathy and Bishampayan Ghose. It has received a total of $38.5 million in funding from different ventures in the Silicon Valley.

    EarlySalary

    Founders: Akshay Mehrotra and Ashish Goyal
    Year Founded: 2015
    Industry: Fintech

    EarlySalary logo | Fintech Startups in Pune

    EarlySalary is a fintech startup that provides short term loans to salaried people. With the help of EarlySalary’s app or website, people can apply for hassle-free and instant loans up to INR 1,00,000. No pre-payment fees are applied on the loan.

    EarlySalary was founded by Akshay Mehrotra and Ashish Goyal. Akshay is the CEO of the company while Ashish is the CFO. The startup has raised $23.2 million from different ventures.

    MindTickle

    Founders: Mohit Garg, Krishna Depura, Nishant Mungali, and Deepak Diwakar
    Year Founded: 2011
    Industry: Business Solutions

    MindTickle | Startups in Pune

    MindTickle provides a sales enablement solution that uses data-driven analytics to show the impact of sales readiness programs on revenue growth. It is a readiness platform that creates an excellent sales culture, thereby permitting products to be sold quickly and with efficacy. It combines an award-winning platform and the best practice methodologies to improve sales performance and knowledge. The results of this combination include improved customer engagement, higher win rates, and bigger deal sizes.

    MindTickle was launched in 2011 by Mohit Garg, Krishna Depura, Nishant Mungali, and Deepak Diwakar. It has raised INR 174 crores in Series B funding. Some prominent investors include Accel Partners, New Enterprise Associates, Canaan Partners, and Qualcomm Ventures.

    DataTorrent

    Founders: Milind Mukund Barve and George Michael Kelakos
    Year Founded: 2012
    Industry: Computer Software

    Data Torrent | Startups in Pune

    DataTorrent captures real-time data and combines it with the existing data to generate insights. DataTorrent is useful for companies where millions of events need to be monitored on a per-second basis. It is a YARN-based application and is open-sourced as Apache Project Apex. This Pune-based software startup received $24 million in funds from Morado Ventures, August Capital, and AME Cloud Ventures.

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    Happy Roots

    Founder: Reema Sathe
    Year Founded: 2016
    Industry: Food

    Happy Roots | Startups in Pune

    Happy Roots started as Reema Sathe’s vision to create a business model around healthy products. Happy Roots connects with local farmers for the manufacturing of delicious products like cookies, crackers, and other kinds of snacks.  

    Reema Sathe, the founder of Happy Roots, has received several awards such as Business Today’s Most Powerful Woman (2017), Nari Shakti Puraskar 2017, etc.

    MarketsandMarkets

    Founder: Sandeep Sugla and Aman Gupta
    Year Founded: 2001
    Industry: B2B Research

    Markets and Markets | Startups in Pune

    MarketsandMarkets provides quantified B2B research and consulting. It provides data related to technology, new product offerings, and market performance. MarketsandMarkets currently serves 7500 customers worldwide. It includes 80% of global Fortune 1000 companies as its clientele. MarketsandMarkets provides high level analysis of major market segments and helps with the identification of opportunities.

    It offers service to multiple industries such as aerospace, defense, biotechnology, pharmaceutical, mining, construction, healthcare, agricultural, automotive, and other industries. MarketsandMarkets provides reports on information related to market segmentation, patent analysis, forecasting solutions, market dynamics, and technology information. MarketsandMarkets has received a total of $56 million in funding from FTV Capital, Zodius Capital, and Mantra Ventures.

    Plobal Apps

    Founder: Atul Poharkar
    Year Founded: 2015
    Industry: Software Development

    Plobal Apps | Startups in Pune

    Plobal Apps is an online commercial venture available for both Android and iOS users. It promotes Shopify and has a number of features like apply pay, promotional coupons, push notifications, etc. The app aims to increase sales.

    Plobal Apps was launched in 2015 by Atul Poharkar. Atul is a graduate from Fergusson College who later went on to do his engineering from Maharashtra Institute of Technology. The company has around 50 team members.

    Docplexus

    Founder: Phanish Chandra
    Year Founded: 2013
    Industry: Healthtech

    Docplexus | Startups in Pune

    Docplexus is an online community for doctors across India. It has more than 1 lakh doctors from more than 1500 cities with 89 specialties registered on its platform. Docplexus is the largest community of doctors online and continues to grow.

    Phanish Chandra, the CEO of Docplexus, is a social entrepreneur who aims to connect patients and the Indian healthcare system through this app. He has skills in software development and this skillset was of great help to him during the Docplexus app’s development.

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    Tork Motors

    Founder: Kapil Shelke
    Year Founded: 2009
    Industry: Automobiles

    Tork Motors | Startups in Pune

    Tork Motors is India’s first electric motorcycle company. Kapil Shelke is the founder and CEO of Tork Motors. Tork Motors was founded in 2009 with a vision to create a zero-emissions vehicle that could perform on par with petrol machines.

    The key to Tork Motors’ success is the engineering of the motorcycle which reduces the cost of the vehicle and makes it affordable for middle-class Indians.

    Repos Energy

    Founder: Aditi Bhosale Walunj and Chetan Walunj
    Year Founded: 2017
    Industry: Fuel Delivery

    Repos Energy | Startups in Pune

    Repos Energy offers doorstep delivery of fuel for industries to minimize diesel loss. Repos works on cloud-based technology and IoT devices. The customer orders diesel via the Repos App and a Repos petrol pump operator reaches the customer location to complete the diesel delivery. Repos Energy uses smart fuel dispensers to make transactions quick and easy. Repos Energy currently offers door-to-door delivery of diesel in around 65 Indian cities. Ratan Tata has invested an undisclosed amount in this startup.

    ShoppinPal

    Founders: Pulkit Singhal and Sriram Subramanian
    Year Founded: 2012
    Industry: Business Solutions

    ShoppinPal | Product based Startup in Pune 

    ShoppinPal provides software products for businesses to better understand their sales and management verticals. Some of its products are Stockup, Prosxdata, POS-ERP Sync, and eCommerce Sync. It also provides a suite of these offerings.

    Pulkit Singhal and Sriram Subramanian founded ShoppinPal in 2012.

    HotFut Sports

    Founders: Pavit Singh and Nikhil
    Year Founded: 2012
    Industry: Sports

    HotFut Sports | Startups in Pune

    HotFut is a sports development company which aims at providing world-class sports facilities to the people in India. It gives youngsters an integrated sporting experience that will help build sports in India at the grassroots level. The company also organizes tournaments for sports lovers and corporate events. Hotfut has an academy of its own where people come to play outdoor games.

    Hotfut sports was launched in 2012 by Pavit Singh and Nikhil. Hotfut is currently operational in Pune, Hyderabad, and Mumbai.

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    111 Startups

    Founders: Nitin Lahoti and Vikrant Bhujbalrao
    Year Founded: 2015
    Industry: Funding

    111 Startups | Startups in Pune

    111 Startups is a not-for-profit organization. It is connected with more than 300 startups across India and helps them secure funding. The startup wants to encourage entrepreneurship and promote well-calculated, risk-taking abilities. 111 Startups focuses on IT professionals, engineers, students, and startups that are in the early stages of entrepreneurship.

    111 Startups is the joint effort of Mobisoft Infotech and Pesh Group. The company was founded in 2015 and is headquartered in Pune.

    Dark Reflections

    Founder: Siddhi Shah
    Industry: Designer

    Dark Reflections | Startups in Pune

    Pune-based Dark Reflections Studio is a venture by Siddhi Shah, a designer. Originally from Chennai, Siddhi settled in Pune. The Studio sells dream catchers with the lowest price of a dream catcher being INR 300. It sells dream catchers for different occasions and in different sizes and colors. Dream catchers are generally used for décor and come in different sizes; hence, the price is determined accordingly.

    Brandup

    Founder: Shiv Singh
    Year Founded: 2006
    Industry: Digital Marketing

    Brandup Logo | Digital Startup in Pune

    Brandup is a SEO and digital marketing firm in Pune. Brandup ensures that you get unique and recurring visitors by applying the right digital marketing tactics. Brandup provides services such as digital marketing, social media marketing, search engine optimization, organic marketing, support services, and online advertising.

    Icertis

    Founder: Samir Bodas and Monish Darda
    Year Founded: 2009
    Industry: Contract Management Software

    Icertis Logo | Startups in Pune

    The company is headquartered in Bellevue, Washington with 12 offices globally, including an engineering office in Pune, India. Key investors of Icertis include B Capital Group, Ignition Partners, Premji Invest, Greycroft Partners, Meritech Capital Partners, Eight Roads Ventures, PSP Growth, and Cross Creek Advisors.

    The company provides contract management software. It aims at improving contract management efficiency and compliance by providing access to contract lifecycle information across many devices, including smartphones and tablets.

    Xpressbees

    Founder: Amitava Saha And Supam Maheshwari
    Year Founded: 2015
    Industry: Logistics

    Xpressbees is the fastest-growing express logistics service providing end-to-end supply chain solutions. The Pune-based startup works with several e-commerce firms. Xpressbees has seen huge growth as online shopping has become world’s second-largest internet market.

    Xpressbees raised $110 million in November 2020. It is spread over 2000 cities and processes more than 2.5 million orders per day.

    We hope this post encourages you to move ahead with your business idea and achieve something great. If you know about other startups based out of Pune, let us know in the comments. We will connect with them and feature them in this list.

    FAQs

    Which are the top startups in Pune?

    Some of the top startups in Pune are:

    • Xpressbees
    • Firstcry
    • Faasos
    • EarlySalary
    • HappyRoots
    • MarketsandMarkets
    • DataTorrent
    • Letsintern
    • Brandup
    • InTouchApp

    How many startups are there in Pune?

    There are around 3100 startups in Pune.

    Is Pune good for startups?

    The great weather, proximity to Mumbai, and network of many big companies makes Pune an emerging startup hub in India.

    Which are the high paying startups in Pune?

    Some of the high paying startups in Pune are:

    • FirstCry
    • Icustommadeit
    • EduBridge
    • Letsintern
    • Brandup
    • Xpressbees

    Which are the Unicorn Startups in Pune?

    Unicorn startups in Pune are

    • FirstCry
    • ElasticRun
    • Xpressbees

  • How Does KBC Make Money?

    Our race is incredibly curious about everything, from what’s going on in our own residential neighbourhoods to what’s going on in the rest of the world. From childhood, when we were curious about everything, through maturity, when we wanted to know the solutions to every question, we’ve all been on the lookout for answers to any problem.

    Instead of answering subject-related questions in class for the sake of getting good grades on your exams, there’s a show that pays you a lot of money for correctly answering core knowledge questions. Doesn’t it sound amazing that a game show will pay you a million dollars if you answer all of the questions to the end? If not, you can keep the money until you’ve answered all of the questions properly.

    That show is called ‘Kaun Banega Crorepati,’ which is hosted by a prominent star, Amitabh Bachchan and has the highest TRP to date among other Indian Reality shows. We all appear out of nowhere to reunite with our family, especially on weekends to watch Kaun Banega Crorepati, right?  We all enjoy answering questions and want to know the answer to them.

    The show is all about answering questions, and the competitors have presented a total of 16 questions. The ‘Fastest finger Contest’ is the opening round, in which contestants must arrange four answers in seven seconds to progress to the main gameplay. Furthermore, each of the 16 questions has a monetary award associated with it, ranging from 1000 to 3000 to 7 crores for question 16 and four types of lifelines to help you out. You might be wondering how the KBC will get 7 crores to their winners out of nowhere. The answer to your question can be found in this article.

    Presenting Sponsor
    Telecom Partner
    Commercial Breaks
    SMS Revenue

    Presenting Sponsor

    As you can see, the host of the KBC show would list out numerous firm branding as sponsorship before taking a break. These companies are paying a huge sum of money to KBC’s production house to run the show successfully, with 70% of the proceeds going to prize money and the host’s compensation, according to reports.

    KBC Sponsors
    KBC Sponsors

    Hyundai Motor India Limited, Asian Paints Royale Glitz, Ultratech Cement, and Complan are among the title sponsors for the KBC. Co-sponsors include CERA, PharmEasy, IDFC First Bank, LIC of India, and Bharat Matrimony. The Reserve Bank of India is the KBC’s special partner, providing approximately 400 crores in funding.

    Telecom Partner

    The Telecom industry, which provides approximately 100 crores to the show, is another key sponsor. You might wonder what role a telecom company plays in the program; well, it plays a big role in everything from choosing the participation in the show (by SMSing correct answers to become a contestant for the next KBC episode) to assisting the contestant during the game (by using the network to call the contestant’s helpline).

    KBC gets a high rate of sponsors from telecom industries, as the show relies much on public relations. As I previously stated, if the player did not respond to the question, he or she would be given three lifelines. It would be advantageous if a friend’s phone and an audience call were both linked to the cellular network. For instance; Idea Cellular Paid 35 Crore for the show in 2010.

    Commercial Breaks

    As we all know, ads act as a beneficiary for any type of business, both for the organization and for the audience. You may well have heard that before leaving for a break, the show’s host list-out various sponsored brands like ‘Cadbury-sponsored and co-sponsored by Byju’s.

    Furthermore, KBC lasts an hour and a half, during which they air roughly 5-6 commercial breaks. These are the slots in which a company can showcase/telecast its products and services to its target audiences.

    Typically, the sponsored brand or any other brand pays a fee to the show in exchange for the show promoting its products during commercial breaks. The above eight advertisers account for 75% of the show’s commercial inventory. The remaining 25% of ad inventory, according to estimates, will be auctioned to spot buyers for over Rs 4 lakh for 10 seconds of an ad.

    SMS Revenue

    Before participating in the competition, contestants must first answer the questions that have been placed underneath the previous episode’s program. People enjoy getting in and doing their best to answer it by submitting the correct answers to the prescribed or given number.

    You may have noticed that a question is posted with the request that viewers answer it and send it to a phone number ‘xxxxxxxx’ below the showtime. Also to register for the show you have to answer a set of questions and KBC charges a small amount to each user sending the SMS which is usually Rs 3/ – per SMS.

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    Conclusion

    Since 2000, Kaun Banega Crorepati has been one of India’s most popular television shows, presently in its 13th season. The Big B, Amitabh Bachchan, hosts this show, in which players are chosen based on their speed in answering a certain question before moving on to the main game.

    In the main round, 10-16 questions were answered, with prizes awarded based on the weighting of the questions. The winners receive a monetary award based on the number of questions properly answered via a check, which is credited to the winner’s account in 4-5 business days.

    FAQs

    Does KBC give full money?

    Yes, KBC does provides the full money to the winners and the taxes are paid later on.

    How is KBC funded?

    KBC receives money from a variety of sources, including the telecommunications network, sponsorship from well-known brands, advertising, and an Internet communication company. KBC earns money mostly from sponsorship from renowned companies such as Byju’s, Cadbury, and Axis Bank. The Reserve Bank of India is a particular sponsor of KBC.

    How much does Amitabh Bachchan charge for KBC?

    Amitabh Bachchan charges Rs 3.5 crores per episode of KBC.

  • List of Brands Endorsed By Amitabh Bachchan

    A brand ambassador is the image of image and therefore, lies crucial to the growth and success of the brand. This is because it is the ambassador of the brand who embodies the brand that he or she is endorsing, thereby leading to influencing the consumers and raising awareness. In today’s marketing landscape many brands prefer to have younger celebrities as the image of their brands, but the one celebrity who is an exception to this trend is none other than Amitabh Bachchan. The 79-year-old veteran actor has still remained to be in demand and relevant in the endorsement world.

    Amitabh Bachchan is known for his elegance, trustworthiness, statesmanship, maturity, and mass appeal. The superstar has proved time and again that age is no bar, be it in the film industry or the marketing business, as he is still one of the top actors who are sought after by brands from all over the country and beyond for endorsements.

    Amitabh Bachchan, who was born Inquilaab Srivastava, is one of the most iconic actors with more than 50 years in the industry, a film producer, television host, playback singer, and a former politician. The actor is regarded to be one of the most influential actors in the history of Indian cinema and is also ranked ninth on the list of the most powerful people of India in 2019, according to India Today.

    During the 70s and 80s, the actor was termed as the one-man industry by the French Director, Francois Truffaut because of his domination in the Indian film industry. The actor is known for his work in countless Bollywood movies like Sholay, Deewar, Shahenshah, Namak Halaal, Don, Badla, Mohabbatein, Baghban, Pink, Piku, and more. Besides, the actor is also the host of a popular reality show known as Kaun Banega Crorepati.

    Amitabh Bachchan has won several awards such as Filmfare, National Film Awards, the Dadasaheb Phalke Award and has also been honored by the Indian government with Padma Shri, Padma Bhushan, and Padma Vibhushan for his contribution to the arts.

    The actor is also honored with the Legion of Honour by the Government of France as the highest civilian honor for his exceptional career in the world of cinema. Amitabh Bachchan is known to charge over Rs 5 to 8 crore for an ad commercial. The actor’s brand value is $41.2 million (2018), while the net value of the actor is $400 million (2021).

    So far, the actor has endorsed brands like Maggi, Emami, Parker Pen, Lux Innerwear, Dabur Chawanprash, Dr. Fixit, Cadbury, Pepsi,Times of India,  Tata Sky, Kalyan Jeweller, Navratna Oil, Gujarat Tourism, Mankind, Reid & Taylor, upGrad, JustDial, ICICI Prudential Life, Flipkart, TVS Jupiter, Cadbury Dairy Milk, Cycle Agarbathi, First Cry, Tanishq and other government campaigns like Swacch Bharat Abhiyan, Polio Vaccine, etc.

    Along with endorsing a list of brands, Amitabh Bachchan has also been a crypto-enthusiast and has developed into quite a crypto-king of late. Cryptocurrency might be sounding like one of the investments that are not quite clear to many Indians but at the same time, the decentralized digital currency and the investments in the same, is rewarding a whole lot of celebrities, including popular Indian personalities. Amitabh Bachchan is one such renowned Indian celebrity that has been rewarded for his crypto investment where he had invested Rs 1.6 crore, which ballooned to become Rs 112 crores just within a year.      

    It was in 2015 that Amitabh and his son, Abhishek Bachchan invested around Rs 1.6 crore ($250,000) in Meridian Tech Pte, a Singapore-based, Venkata Srinivas Meenavalli-founded company, and within 2 and half years of the investment, they collected returns close to Rs 112 crores ($17.5 mn) in value.

    Nevertheless, here’s a list of all the prominent brands that Amitabh Bachchan has endorsed to date:

    upGrad
    Maaza
    MediBuddy
    Muthoot Finance
    Amway
    FirstCry
    Maggi
    Cadbury Dairy Milk
    Kalyan Jewellers
    Parker Pens
    Emami
    Gujarat Tourism
    Lux
    JustDial
    Dabur Chyawanprash
    ICICI Prudential Life
    Polio Vaccine
    Navratna Oil
    Dr Fixit
    Reid & Taylor
    Mankind

    Let’s look at the list of brands endorsed by Amitabh Bachchan:

    upGrad

    upGrad is the newest brand to be endorsed by the Big B. The Mumbai-based education technology company has roped in Amitabh Bachchan as its brand ambassador on February 28, 2022, and releases its first advertisement campaign on March 23, 2022, which is spreading via #upGradAbroad and #ABchaleABROAD.

    upGrad Abroad is the new initiative designed by the popular edtech company, which is promoted by Amitabh Bachchan. Featuring Amitabh, upGrad, through this ad, promotes its initiative to help the Indian students start in India and study abroad, with a degree from the reputed universities outside of the country without wasting their money of staying abroad and studying.    

    Maaza

    The world’s largest brand of tropical fruit drinks, Maaza was founded in 1976 and is owned by The Coca-Cola Company. The fruit drink brand, popular for its selection of mango, orange, and pineapple drinks, has brought together Amitabh Bachchan and Pooja Hegde in its latest campaign titled ‘Dildaar Bana De’ in February 2022. This TVC is directed by the celebrated Bollywood filmmaker Shoojit Sircar.

    Maaza rolled out its new variant “Aam Panna”, which again grouped Amitabh Bachchan and Pooja Hegde together ahead of the summer season 2022.

    MediBuddy

    Founded in 2000, MediBuddy is a digital healthcare platform that helps the users book free consultations, checkups, lab tests and follow up the same without any hassles.

    The Bengaluru-based healthcare company roped in Amitabh Bachchan as its brand ambassador on February 8, 2022, who has collaborated with MediBuddy in their recent advertisement to promote MediBuddy Gold, a healthcare subscription package that works for the whole family. The Amitabh Bachchan featured MediBuddy advertisement that came out on March 10, 2022, explores the benefits of MediBuddy Gold subscription, which enables the families of the users to receive free unlimited medical consultations from experienced doctors that can be availed 24×7.  

    Muthoot Finance

    Muthoot Finance is one of the most reliable Indian financial corporation and the largest gold loan NBFC in India. Founded in 1939 by Mathai George Muthoot in Kerala, Muthoot offers a range of services including money transfers, foreign exchange and wealth management services, travel and tourism services and more.

    Amitabh Bachchan is the face of Muthoot as well, which launched its newest marketing campaign on February 4, 2022. The advertisement focuses on the belief and trust in the brand that everyone should maintain.

    Amway

    Amitabh Bachchan was roped by the popular direct selling company, Amway, as a brand ambassador, on October 27, 2021. The US-based company that manufactures a wide range of consumer goods, has collaborated with the Big B of the Bollywood industry to ensure that the veteran actor endorses the the brand and promotes the Nutrilite range of the Amway products along with guiding the youth, empowering the women and others with the help of their entrepreneurship schemes.

    FirstCry

    FirstCry is an Indian e-commerce store that was launched in 2010, the company is known for its huge variety of baby products. By 2020, the company had opened over 380 offline stores across the country out of which 350 were franchise stores making it Asia’s largest online shopping store for kids and baby products.

    Amitabh Bachchan was signed as the brand ambassador of the company in 2015, after the birth of his granddaughter. In the commercial, the actor is seen to be in confusion while shopping for clothes for an infant as their unlimited options. After the ad, the company witnessed a massive increase in sales as the ad resonated with the people and passively offered them a chance to connect with Big B.

    While talking about making Amitabh Bachchan its brand ambassador, Supam Maheshwari, CEO, and founder, Firstcry mentioned that the company needed to create maximum impact with the campaign. Amitabh Bachchan brings in credibility to the brand as he has a mass India appeal and he is also a caring grandfather.

    Maggi

    Amitabh Bachchan in a maggi commercial

    Maggi is an international brand that originated in Switzerland in the 19th century, however, the company was acquired by Nestle in 1947. Maggi is known for its seasonings, instant soups, and instant noodles that are popular in countries like India, Pakistan, Nepal, Singapore, Malaysia, Australia, New Zealand, and Bangladesh.

    Amitabh was the brand ambassador of Maggi but the actor stopped supporting the brand after a controversy with Maggi. The actor, however, has also been featured in many Maggi commercials before ending their deal, where the actor is seen introducing the brand to cater to the old generation audience and make them eat Maggi.

    The actor can be seen pitching the idea of happiness while eating the “2 minute waali Meri Maggi”. The campaign with Amitabh Bachchan was very successful, and Maggi made large profits out of it no doubt.

    Cadbury Dairy Milk

    Cadbury Dairy milk is a popular brand of milk chocolate that is manufactured by the conglomerate Cadbury. The brand was first introduced in 1905 in the United Kingdom and now has a huge portfolio of products under it. However, every product in this brand is made mainly with milk chocolate.

    The Cadbury Milk chocolate became the bestselling chocolate bar in the UK in 2014 and is also currently available in countries like India, Kazakhstan, China, Srilanka, and Pakistan. Big B became the company brand ambassador in 2004 and since then has appeared in many of its commercials.

    The actor is also responsible for making the tagline “Kuch Meetha Hojaye”  popular, emphasizing the celebration of the smaller things in life with something sweet like the Cadbury Milk Chocolate. In an interview, Bharat Puri the managing director of Cadbury said that they have chosen Amitabh Bachchan because he has a universal appeal that extends to everyone from 6 to sixty years old.

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    Kalyan Jewellers

    Kalyan Jewellers is one of the most popular Indian jewelry showrooms chains. The company currently is present in overall metro cities of India and even in West Asia and has over 8000 employees. Amitabh Bachchan and Jaya Bachchan became the company’s global ambassadors in 2012.

    Thanks to his efforts Kalyan Jewellers has now become India’s single largest self-owned jewelry chain. The group currently holds a strong presence especially in South India, with 35 stores across four southern states. The ad commercial of Kalyan jewelers features Amitabh Bachchan with his daughter Shweta Nanda.

    This ad beautifully portrays the charm that jewelry adds to every occasion. The scene features Amitabh Bachchan buying jewelry for his daughter and his wife which evokes a very relatable emotion in the audience.

    Parker Pens

    The Luxor Writing Instruments company brought out the Parker range of pens, which are marked by their elegance and sophistication. These Parker pens were initially endorsed by Amitabh Bachchan between 2001 – 2008, and after a gap of 2 years, the Bolywood superstar had again resumed his collaboration with a 2 year-long contract on June 15, 2011.  

    Emami

    Emami Limited is a leading personal and healthcare products conglomerate that has its headquarters based in Kolkata. The company is a growing global presence and a huge portfolio of well-known products like Boroplus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, She Comfort, Mentho plus Balm, and Fast Relief.

    It has over 250 products made with ayurvedic formulas which are available in more than 50 countries like the UK, Poland, Russia, Ukraine, Belaris, UAE, Saudi Arabia, Qatar, Bahrain, Kenya, Singapore, Malaysia, and Bangladesh. The company has had other Bollywood actors as its brand ambassadors like Juhi Chawla, Katrina Kaif, Kangana Ranaut, Sonakshi Sinha, Salman Khan.

    Emami made Amitabh Bachan the brand ambassador for its Boroplus brand which is a natural antiseptic cosmetic brand originating from Russia. The actor has been featured in many television advertisements in the ad campaign of Boroplus. It is because of these ads that the brand has become successful and positioned itself in the audiences’ minds.

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    Gujarat Tourism

    The actor is currently the brand ambassador of Gujarat Tourism and is featured in many commercials of the ad campaign. The “Khushboo Gujarat Ki” taglined campaign by celebrity Amitabh Bachchan became so popular that it increased tourism in Gujarat by 14% per annum which is twice that of the national growth rate.

    This campaign has won several awards and has increased the benchmark of tourism ads by making Amitabh Bachchan its face. Big B became part of the initiative by the Gujarat Government to promote its Tourism.

    In the advertisement “Khushboo Gujarat Ki” Amitabh Bachchan can be seen in tourist spots like Bhuj, Dhola Veera, Mandvi and Rann of Kutch while exploring the culture of Gujarat and urging people to travel to Gujarat.‌

    Lux

    Lux Industries, a notable innerwear manufacturing company of India, is one of market leaders of the Indian segment of innerwear. Founded in 1957, and boasting of a complete range of innerwear for men, women and children, Lux is a famous name still in its niche.

    The popular inner garments company had roped in the veteran actor as the brand ambassador of Lux Venus and Lux Cott’s wool in August 2017. Amitabh came out with the advertisement of Lux Inferno last in October 2019 after featuring in multiple ads for the company. Kartik Aaryan was another actor who was seen alongside Bachchan in the same ad.

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    JustDial

    Justdial Limited is a company that provides local search for different services in India over the phone, website, and mobile apps. Justdial has its headquarters based in Mumbai, Maharashtra but also has offices in cities like Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, New Delhi, Hyderabad, Jaipur, Kolkata, and Pune. In 2020, Justdial has more than 10,984 employees.

    Amitabh became the brand ambassador after investing an undisclosed amount in the company. This investment was later confirmed as Rs 6.27 lakhs in 2013 when he bought 62,794 shares of JustDial, which gave him returns close to Rs 7 crore, a whopping 10190% returns. Amitabh has helped increase the popularity of Justdial by featuring in their ad commercials. The actor can be seen portraying how the Just dial app is better than its competitors, its features and it is a one-stop-shop for all their customer’s needs.

    Dabur Chyawanprash

    Dabur took over the 2,500-year-old Ayurveda formula with its brand purpose and created the country’s first-ever branded Chayanprash in 1949. The company claims that two spoons daily of Dabur Chyawanprash support immunity and are beneficial for overall health and well-being.

    The company has made many iconic ads with Amitabh Bachchan as its brand ambassador and continues to aim in boosting the country’s immunity, especially in the times of the Covid pandemic. In the 2000s, the company witnessed a sudden dip in sales that is when the actor was roped in to be the face of the brand and drive its growth.

    The company put out its largest ad campaign with Rs 10 crore featuring Big B, which showed him being strong after eating Chyawanprash and which provides immunity to all kinds of disease. Amitabh Bachchan made it a household name by changing the perception of the product.      

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    ICICI Prudential Life

    ICICI Prudential Life Insurance Company Limited is a popular life insurance company in the country. It was originally established after the joint venture between ICICI Bank and Prudential plc.

    The company is headquartered in Mumbai, Maharashtra, and offers services life insurance and asset management business. The company signed Amitabh Bachchan as its brand ambassador and was paid Rs 10 crore as endorsement fees to be featured in its commercials.

    In an interview, the actor commented on his association with the company by saying that, he was happy to associate with ICICI Prudential Life as he sees life insurance as a product that offers a feeling of reassurance to people, for all of them who opt for it. He also added that ICICI Prudential Life has been able to make a mark in the industry and is a trusted life insurance brand.

    Polio Vaccine

    Amitabh Bachchan is the face of the Polio campaign in the country, the aim of the campaign is to spread more awareness about the easy availability of the polio vaccine. The actor’s partnership with UNICEF has successfully persuaded many parents to get their children vaccinated especially in rural areas.

    The tagline of the campaign “Do Boond Zindagi Ki” talks about the importance of the two drops of the polio vaccine. This award-winning campaign ad was featured on Television and radio emphasizing the seriousness of the issue.

    The actor also took part in many public appearances and field visits to remote areas of the country to create awareness about polio prevention. Amitabh Bachchan plays the main role in why the campaign was successful as the actor has a huge popularity, credibility, and mass appeal not only as a celebrity but also as a humanitarian.

    Navratna Oil

    The popular Emami Oil product, Navratna oil, which is well-known for its cooling benefits and the relief that it provides people from headaches and body aches is an Ayurvedic product and has seen Amitabh Bachchan time and again as its endorser. The Big B has featured in multiple advertisements created for the promotion of the same and in the latest of the advertisements he has also sung the iconic Pyaasa song “Sir jo tera chakraye” performing as #RaahatRaja.  

    Along with the advertisements and investments, Amitabh Bachchan also usually remains busy on his work front. Runway 34, Brahmastra, Jhund, Goodbye, and The Intern are some of the movies that Bachchan is currently working on, as of reports dated January 31, 2022.  

    Dr Fixit

    Hailed as a leading waterproofing expert, Dr Fixit from the popular adhesive brand, Pidlite, brings right waterproofing solutions for the users to make their homes leak-free with the best waterproofing services in India.

    Dr Fixit had announced Amitabh Bachchan as its brand ambassador in August 2016. According to the deal, the veteran actor was selected to be the person to spearhead its flagship campaign and act as the face of the brand across multiple engagement platforms. The recent Dr Fixit campaign that came out in December 2020 was the last campaign of the brand that featured Bachchan.  

    Reid & Taylor

    Founded in 1998, by S Kumar’s Nationwide (SKNL), Reid & Taylor was a fabric and suiting brand. As per the last reports, the Reid & Taylor brand’s shares were liquidated in December 2018 after RTIL was dragged to insolvency court.

    This popular suiting and fabric manufacturing company had announced Amitabh Bachchan as its brand ambassador in July 2013, after which Bachchan had featured in a number of the Reid & Taylor advertisements.  

    Mankind

    Mankind Pharma is a pharmacy company, which is counted among the top pharmaceutical companies in India. Founded in 1995, Mankind operates 34+ overseas destinations and boasts of 14000+ happy customers.

    The popular medicine manufacturer had collaborated with Amitabh Bachchan towards the end of October in the year 2017, announcing the veteran actor as its brand ambassador. The latest Mankind ad has been launched in September 2021 and features Amitabh as well.  

    Conclusion

    When it comes to endorsements and advertisements Amitabh Bachchan is one of the most sought-after actors even at his age because of his reliability among the masses, elegance, trustworthiness, statesmanship, mass appeal, and maturity. He is also the one of the highest paid actors to feature in endorsements.

    Amitabh Bachchan is the country’s most iconic actor as he has starred in more than 190 movies since the 1970s. The actor is loved, admired, and respected by a massive public following. Big B as most people fondly call him is one the most prominent celebrity in the country, which is why many companies still prefer him to be featured in their advertising campaigns.

    FAQs

    Who is Amitabh Bachchan?

    Amitabh Bachchan is one of the most iconic actors with more than 50 years in the industry, a film producer, television host, playback singer, and a former politician.

    What is the brand value of Amitabh Bachchan?

    The brand value of Amitabh Bachchan is $41.2 million (2018).

    What are the main brands endorsed by Amitabh Bachchan?

    The main brands endorsed by Amitabh Bachchan are Polio Vaccine, ICICI Prudential Life, Dabur Chyawanprash, Just Dial, Gujarat Tourism, Emami, Kalyan Jeweller, FirstCry, Cadbury Dairy Milk, Maggi.

    What are the other brands endorsed by Amitabh Bachchan?

    The other brands endorsed by Amitabh Bachchan are Parker Pen, Lux Innerwear, Dr Fixit, Pepsi, Tata Sky, Mankind, Reid & Taylor, Flipkart, TVS Jupiter, Cycle Agarbathi, Tanishq, and other government campaigns like Swacch Bharat Abhiyan, etc.

    How much does Amitabh Bachchan charge for a brand endorsement?

    Amitabh Bachchan charges over Rs 5 to 8 crore for an ad commercial.

    What is the net worth of Amitabh Bachchan?

    The net worth of Amitabh Bachchan is $400 million (2021).

  • List of Startups Funded by Amitabh Bachchan | Amitabh Bachchan Investments

    Startups are gradually increasing in numbers in the world, and the startup ecosystem is flourishing with innovative ideas and efforts. There are investors out there who are ready to put their trust in the dreams of young entrepreneurs and thus are looking for promising startups to invest their funds in. The more innovative the startup, the more investors find it interesting and consider funding it.

    A startup gets more recognition if it’s backed by some celebrity who is influential. It is good for their marketing as well. Many celebs are investing and funding innovative and promising startups nowadays and more or less it is turning to be profitable for those startups.

    One of India’s biggest and most respectable celebrities has to Bollywood Megastar, Amitabh Bachchan. With starring in over 200 films, the Shahenshah of Bollywood is known for his versatile acting and vigorous personality and is critically acclaimed for his works in his films.

    The actor, producer and singer is applauded for starring in films like, ‘Agneepath’, ‘Don’, Pink, ‘Black’ and others. His acting and singing made him the most popular self-made superstar in the Indian film industry. Amitabh Bachchan debuted with the ‘Saat Hindustani’ in 1969 and never looked back. He is a part of this industry for 53 years and has given several hits in his career. He has won countless awards like National Film Awards, Filmfare Awards, Asian Film Awards and others for his performances in his films.

    He is also a recipient of Padma Shri, Padma Bhusan and Padma Vibhushan, the three highest civilian awards in India. Apart from all these, Amitabh Bachchan has shown his interest in a few numbers of startups and has funded them. In this article, we will talk about the investments of the megastar of Bollywood, Amitabh Bachchan. So let’s get started.

    “The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioural discipline that are likely to get you where you want to go.” -Benjamin Graham

    Just Dial
    Ziddu
    Eduisfun
    Macmerise Celfie

    Just Dial

    JustDial Logo
    JustDial Logo

    Just Dial is a tech company that is famous for its search engine that gives out local search-related services with the help of websites, apps and other platforms to its users in India. The company was founded in the year 1987 by VSS Mani, the headquarters is situated in Mumbai, India. The discovery firm was now got acquired by Reliance Retail.

    Amitabh Bachchan was signed in as the brand ambassador of this local search engine, he can be found in the advertisements highlighting the important features of the search engine. Later in 2013, Bachchan made an investment of INR 6.27 Lakh and in only 7 months, those 6.27 Lakh shares value increased to INR 6.6 Crores.

    Ziddu

    Ziddu Logo
    Ziddu Logo

    The Singapore based company Ziddu was founded in the year 2007, the platform was online cloud storage and sharing solution firm, the company used to make money through advertisement and pay the users who used to share files through this platform. The company has now turned into a solution provider firm empowered by blockchain.

    Amitabh Bachchan invested in this firm in 2015; it was his first investment in an overseas company. The company made news when in just three years; the company’s value increased 70 times more. The company now offers microloans in digital currency. Another masterstroke was when LongFin Corp, a US-based company acquire Ziddu. Amitabh Bachchan’s investment of INR 1.6 Crores turned into INR 112 Crores in just two years.

    Eduisfun

    Eduisfun Logo
    Eduisfun Logo

    Eduisfun is an Ed-Tech startup founded in the year 2014 by Jatin Solanki and Praveen Tyagi, this Ed-tech provides lessons to the school according to ICSE and CBSE curriculum.

    The startup is known for developing one of the high-tech products that are STEPApp, through this learning app, one can study with just a basic smartphone and with low data connectivity.  The app is specially designed for tribal, private and central school students.

    In the year 2019, Amitabh Bachchan invested an undisclosed amount in Eduisfun. It is Bachchan’s first investment in an Ed-tech startup and it is surely not a bad one.

    Macmerise Celfie

    Macmerise Celfie Logo
    Macmerise Celfie Logo

    Macmerise Celfie is a company that deals with licensed merchandise of Marvel, Disney and Star Wars. Apart from these, the firm is also offering merchandise from celebrities, brands and influencers. Those merchandises include Laptop skin, mobile cases and others. Macmerise was Sahil Shan in the year 2019. The headquarters of the company is situated in Mumbai, India.

    The company raised $1 million in 2022. Amitabh Bachchan was one of the investors; he invested an undisclosed amount in this company.

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    Conclusion

    Amitabh Bachchan is a big name in the Indian film industry, and so far, most of the time; he got positive results from his investment. Companies getting funds from him is not only good for the improvement of their company but it also helps in making a good name for the company as it is funded by such an influential person.

    FAQs

    What is the net worth of Amitabh Bachchan?

    The net worth of Amitabh Bachchan is $400 million as of 2022.

    How old is Amitabh Bachchan?

    Amitabh Bachchan was born on 11th October 1942 and is currently 79 years old.

    How much does Amitabh Bachchan earn in a month?

    Amitabh Bachchan earns approximately INR 5 Crores per month.

    What are some of the investments of Amitabh Bachchan?

    Amitabh Bachchan has invested in Macmerise Celfie, Eduisfun, Ziddu, and Justdial.