SaaS is capturing the attention of entrepreneurs worldwide and becoming a preferred choice for businesses of all sizes. In the United States alone, around 80% final users prefer using SaaS applications (in 2016, this figure was 52%). To increases the revenue of your SaaS business, you need to change your game and approach sales differently. More organized process, Faster access to data, Better team collaboration, Increased visibility into the sales process, plus round the clock availability has become the need of the hour.
Investing in technology like CRM software can help you in controlling your overall sales outcome and improve the bottom line of your business. 64.2% of companies rate CRM tool as impactful or very impactful. Customers aren’t ready to wait; a delay in response can give them a reason to approach your competitors. What’s the use of running impactful campaigns and attracting potential prospect if they quit in the middle of a sales cycle? As per a study, 79% of marketing leads never convert into sales.”
HubSpot customer relationship management (CRM) software is built for companies that want to spend less time logging data. It keeps all your contacts in one centralized, customizable database. It manages your pipeline so you can keep deals moving forward. And you can see everything about a lead in one place – no more digging through inboxes to find information. Start using the free HubSpot CRM today. It’s easy to set up and intuitive to use, so you can get back to growing your business.
HubSpot CRM
The HubSpot CRM is ideal for small and medium-sized businesses (10-200 employees) that are constrained by spreadsheets but don’t need much of the advanced features of complex enterprise-level CRMs.
Zoho CRM
Zoho CRM empowers small to large-sized organizations with a complete customer relationship life-cycle management solution for managing organization-wide Sales, Marketing, Customer Support & Service and Inventory Management in a single business system. Zoho CRM is for everyone, be it a small business or an enterprise. Sell smarter, better and faster with Zoho CRM.
Zoho CRM
Zoho CRM pricing starts at $12.00 per month, per user. There is a free version of Zoho CRM and it also offers a free trial.
Centra Hub CRM
Centra Hub CRM is fully customizable, and integrated with sales, marketing, and service. It has excellent experience in offering highly customizable CRM solutions. Automates lead generation, nurturing, and support for all growing businesses. Centra Hub is a cloud-based CRM software that provides a centralized platform to execute business operations aligning in various verticals of an organization. It offers a highly customizable CRM platform for small, medium, and large enterprises.
Any company which wants to automate sales, marketing, and service can use Centra Hub CRM. Also, industries like real estate, automobile management, facilities management, asset, retail, education, professional services, & project management can also benefit from its features.
Centra hub CRM
Centra Hub CRM pricing starts at $8.99 per month, per user. There is not a free version of Centra Hub CRM but Centra Hub CRM does offer a free trial.
Salesflare is the intelligent CRM for small B2B businesses and startups, who want to sell more with less work. Salesflare automatically fills out your address book and keeps track of all interactions with the people you’re in contact with. It takes data from email, social media, company databases, phone, calendar and hands it to you in automated customer timelines that tell you everything you need to know. You just have to write the emails, make the calls, and have the coffee. Ideally suited for small B2B businesses and startups who want to sell more with less work.
Salesflare
Salesflare pricing starts at $30.00 per month, per user. There is not a free version of Salesflare but it does offer a free trial.
Bitrix24
Bitrix24 is the leading free online CRM software used by over 3.5 million companies worldwide. It is available in cloud or on-premise with open source code access. Unlimited leads, deals, contacts, companies, quotes, invoices and appointment scheduling. The free plan also comes with email marketing and telephony. Advanced versions have sales and marketing automation, bulk SMS, campaign management and support for multiple pipelines. Available in 12 different languages, Bitrix24 is for companies and small businesses. It also suits remote teams who want to keep in touch and collaborate efficiently.
Bitrix24
Bitrix24 pricing starts at $39.00 per month. There is a free version of Bitrix24 and also Bitrix24 offers a free trial.
Concluding Thoughts
A little investment in the best technology can make a big difference to your business. A CRM technology can be very beneficial for your SaaS business provided you choose the right CRM and motivate your sales team to use it regularly. Here are few tips that will help you in making right decisions
Asses and identify your business needs before searching a CRM
Speak to your sales representative and create a list of features that they will require to close a deal successfully
Try the CRM before investing in it
Choose a CRM that grows with your business
Research about the CRM and read various reviews
Which CRM do you use for your SaaS? Please let us know in the comments section below.
CRM is an acronym that stands for customer relationship management. Customer relationship management is any tool, strategy, or process that helps businesses better organize and access customer data.
What does CRM software do?
A CRM tool lets you store customer and prospect contact information, identify sales opportunities, record service issues, and manage marketing campaigns, all in one central location and make information about every customer interaction available to anyone at your company who might need it.
We constantly see people and companies collaborating with each other to bring about successful outcomes. However, it is not as easy to work in collaboration with people and companies as one might think. When one starts working in collaboration lots of things come into play. Many compromises have to be made in order for the partnership to flourish.
According to a report, 70% of business partnership fails. But fret not, here we are with amazing tips to help you establish a successful and healthy business partnership which will help you and your partner grow to great heights. Read on to find out how to have a successful business partnership?
Two people cannot work together if they have different mindsets. So it is very important for both the partners to think on the same lines for achieving the same goals of business. Sitting face to face and getting to know each other better is the key to a successful partnership. If your goals clash or your ways of thinking do not match, then there is a huge possibility of disputes which can bring losses for both the parties involved.
Respect your partner
One doesn’t partner with someone unless they can see a profit involved. If one has established a partnership with someone either the company is extremely successful or of some advantage to the collaborating party. Your partner has overcome numerous hurdles to reach high levels of success; hence, it is not a good idea to consider your partner less than you in any aspect. They might be having knowledge about strategies that you do not know about.
Therefore, it is advisable to make this relationship a give and take one. Respect the capabilities and capacities of your partner. Also, any partnership, be it business or personal, is based on trust. In order to trust someone, you need to know them better. So, take time outside of work in knowing about each other’s goals and develop an understanding of each work ethics.
When two big and successful companies or organizations collaborate with each other it is mandatory to form a team that will look after the terms and conditions of the partnership and manage the transactions that take place between the two partners. This team will serve as the bridge to facilitate relationship building and consistent communication. Maintaining healthy partnership takes both time and capacity, so, it is important to appoint capable staff that can ensure success of the partnership.
Keep assessing the profits
Profit Analysis
Regular assessment of the achievement of goals and the profit that is coming from the collaboration should be done. Proper statistical data should be analyzed and any sort of issues should be resolved quickly and precisely. Constant analysis of the numbers can give a clear indication of whether the collaboration is profitable or not. A partnership that does not benefit anyone should not be continued any further.
Be compatible
Two partners with the same type of skill set are of no use to either company. One does not have to essentially have everything in common. Having a comparable relationship is what makes a business partnership successful. If you lack something and your business partner has that skill, they can provide you with assistance in that field and if you have a certain skill set that they could benefit from then you can assist them with it. It needs to be a healthy relationship where skills and knowledge can be equally shared. Each partner should realize the potential of the other and team up in a way that both can profit from it.
Define your roles
For any partnership to flourish every individual involved needs to know their roles with accuracy. If the roles are not clearly laid out work processes would become chaotic. It will be difficult to come to a conclusion if everyone starts acting like the head of the company. To avoid any commotion of this kind, clear roles need to be set for everyone and everyone should respect their tasks. Interfering in other work may cause disputes making the partnership suffer and often leading to its downfall. Apart from keeping these in mind, working meticulously to reach the goals as put down during the establishment of the partnership will help in making the collaboration bear fruits of success.
Conclusion
Building a Successful Business Partnership is a long-term process. It can’t happen overnight. As long as you progress, you will find different challenges and you need to overcome those to make your partnership successful. These are the important keys to successful business partnerships. I hope the above tips will help you to build a successful business partnerships. Share your thoughts on the comment section.
The main objective of any partnership is to bring together the resources and skills of multiple business owners so that they can operate with more efficiency and can even reduce competition in the market.
How to have a successful business partnership?
6 Tips for having a successful business partnership
A business startup comes with a lot of responsibilities. If you’ve got a business idea and you think it could make a change in the market, it’s up to you to make it a reality. Funding is an essential part of any business, as, without the seed money, you’ll be unable to fire the starting gun on your startup.
Entrepreneurs are an incredibly clever and industrious bunch, but many are in the dark about how to fund their startup business idea, preferring instead to focus their energies on a core offering.
Great ideas can only fulfill their potential if they are backed by a stable investment. These are some of the ways you can fund your startup:
How Startup Funding Works.
1. Personal Money
For many people, the first inclination is to use personal money to make essential purchases. With a new startup creating so many different needs for money, it can be rather challenging to decide what needs to be funded first.
Business costs start right from the time you decide on a business name. For instance, to retain that business name, you need to register a company name via a company formation. Registering a new entity costs money, but it is one of the first requirements to legitimizing your idea.
Personal money can come from savings, and you can finance everything yourself, leaving you with total equity in the organization. One important factor to keep in mind is not only will you need cash for business purchases, but you will need working cash flow. You probably have other financial responsibilities. Therefore, you will need funds to deal with these. If you use up all your savings for your business startup idea, it could leave you in a precarious situation financially as you move forward.
Money Management Tips
2. Seek for Angel Investors
There are some people out there whose sole job is investing in businesses that might help them make even more money going forward. These are known as angel investors and they have plenty of money to spare. These are the people you should be pitching to if you think your business idea is innovative and has the potential to make big money in the future.There are many online angel investment networks, as well as local investor groups you can pitch to in person, so do your research and start submitting your pitches.
Find the right angel investor and not only will you benefit from their financial support but also their wisdom: oftentimes, they offer mentorship as a side dish alongside their capital. Although they generally offer less financial backing than banks and venture capital funds.
Crowdfunding has taken off in a big way over the last few years. Crowdfunding is a favorite of the digital economy, and probably the quickest way of obtaining finance for a new business. All you need is a compelling pitch, one which strongly references your start-up’s potential for growth, as well as a knack for interacting with your cash-rich community. The sooner you get started and get creative with your crowdfunding campaign, the sooner you’ll start to draw more people in.
As a side benefit, crowdfunding is a nifty form of advertising, a way of stimulating public interest in your company before it’s even made its debut.
4. Bank Loans
In the modern age, it almost seems anachronistic to seek a bank loan. But if you have a solid credit history or existing assets that you’re happy to offer as collateral, as well as a workable business plan with clear profit forecasts, it’s still possible to launch your start-up with an infusion of bank cash. If you want to get money, it makes sense to head to a bank where they have lots of it. Their loans might come with harsh interest rates that could cause you plenty of problems further down the line though.
5. Find a venture capitalist
Finding a venture capitalist who shares your vision, or at the very least believes in your ability to turn your idea into a successful, profitable venture, is a good way of raising cash. The main con with this option is that venture capitalists are typically looking for the next big thing and so, many entrepreneurs struggle to convey the scale-ability of their enterprise.
Venture capital funds, by their very nature, have a short shelf life as they generally seek to recover their investment, turn a profit then move on to the next fresh startup.
6. Pursue startup grants
Grants are great for people who don’t know where else to turn. If you have an unusual idea that investors and banks are scared of and crowdfunding doesn’t seem like a realistic option for you, it makes sense to apply for startup grants. While you shouldn’t expect to be cut a massive cheque, there are dozens of grants available, offered by national and state governments (as well as private enterprises) in the interests of stimulating the economy and growing the jobs market so it’s worth checking out your options for funding your startup.
The main drawback is the fierce competitiveness of such grants, as well as the box-ticking involved, it can be a frustratingly drawn-out process, but that’s the tradeoff for retaining equity.
7. Family and Friends
Lastly, the idea of hitting friends and family for cash doesn’t sit well with some entrepreneurs, but many of the world’s top magnates readily admit to borrowing from their social network early in their careers. As such, you should have no compunction about doing the same.
On the other hand, it’s not easy to put together a hefty bankroll relying solely on family and friends; and you have to ask yourself whether you want to risk straining meaningful relationships.
It is difficult to qualify for a small business loan with a credit score lower than 700. Additionally, you should build a strong personal credit score and drive down any debt prior to applying for a business loan.
What do startups use the funding for?
Startups raise funds for various reasons but most often the main purpose is to grow their business. It can take a while for a company to reach profitability and until then, the business needs some cash to keep going.
Who is eligible for startup India?
Being incorporated or registered in India for less than seven years and for biotechnology startups up to 10 years from its date of incorporation. Annual turnover not exceeding INR 25 crores in any of the preceding financial years.
How can I approach angel investors in India?
Here are a few tips to approach angel investors in India are:
Approach angel investors in your niche.
Show them how successful your past business ventures were.
How can I raise money to start a business in India?
Go for Crowdfunding.
Consider Self-funding.
Get in touch with the Venture Capitalists.
Try Angel Investment.
Try Angel Investment.
Focus on the close.
Terms of the deal.
Conclusion
Perhaps a combination of funding options is best, but only you will truly know. All these above options require a great deal of consideration and researching because each of the options that have been discussed here has its own benefits and drawbacks, don’t forget that when you’re making your decision.
A BPO service provider usually administers and manages a particular business process for another company. In India, Business Process Outsourcing (BPO) is the fastest-growing segment of the Information Technology Enabled Services (ITES) industry. The factors which are responsible for the growth of the BPO industry in India are economy of scale, business risk mitigation, cost advantage, utilization improvement, and superior competency. Various industries have started implementing outsourcing such as information technology, engineering, business sector, etc. According to the National Association of Software and Service Companies (NASSCOM) the major reasons behind India’s success in ITES/BPO industry are abundant skilled and English – speaking manpower also India’s unique geographic location and the investor-friendly tax structure made the BPO industry in India more popular. India has been the leading competitor with various outsourcing businesses across the world for an attractive wage margin.
India’s BPO handles 56% of the world’s business process outsourcing.
The demand for Indian BPO services has been growing at an annual growth rate of 50%.
70% of India’s BPO industry’s revenue is from contact centers, 20% from data entry work, and the remaining 10% from information technology-related work.
The BPO sector in India is estimated to have reached 54% growth in revenue.
The BPO industry in India has provided jobs for over 74,400 Indians. The Indian BPO sector is soon to employ over 1.1 million Indians.
Business Process Industry Trend Globally
India as a Global Outsourcing Hub
More than 82% of American companies grade India as their first choice for software outsourcing. A large number of multinational companies are outsourcing their business process to Indian BPO companies. India’s share of the global offshore outsourcing market for software and back-office services is 46%. Low training costs in India allow professionals to be continually updated on emerging technologies which is a critical success factor.
Top 10 BPO Companies in India
India is the world’s favorite outsourcing destination due to the following reasons:
Established telecom infrastructure.
Innovation and creativity along with intelligent solutions.
Highly qualifies and shilled manpower.
Cost efficiency with quality.
India’s conducive business environment.
Biggest pool of IT brains with 120,000 trained IT professionals added to the industry early.
Every year approximately 2.1 million graduates pass out of India’s colleges.
India has the largest English speaking population.
Cultural compatibility and friendly customer relationships.
Services Offered by Indian BPO companies
Customer Support Services
BPO companies provide 24×7 customer services via chat, email, and /or phone. In any business ‘ Customer is King’ and no company can approach customer service function as noncore, expensive and unproductive service in a business. A happy, satisfied customer will bring is more customers. An effective and active customer support service will strengthen the client and customer relationship. It will give them a positive feeling about the brand. Companies also get an opportunity to upsell additional services and products to the customers through this service. Companies offer such professional, polite, and affable customer support outsourcing service to any business across the Globe.
Technical support services can be delivered over varied communication channels like email, chat, phone calls, or using specified software. There are various technical services which are provided by companies like installation, product support, running support, troubleshooting, usage support, and problem resolution for computer software, hardware, peripherals, and internet infrastructure.
Telemarketing Services
India has taken 40% of the global BPO market. Companies interacting with potential customers and creating interest in the customer’s services/ products.
IT help desk services helps businesses provide high-quality troubleshooting services to customers. There are a lot of qualified and skilled support engineers which are well equipped to provide industry-leading support for all levels of technical problem resolution.
Some of the services are listed below:
Level 1 and 2 multi-channel support
System problem resolutions
Technical problem resolution
Office productivity tools support
Answering product usage queries
Performing remote diagnostics
Insurance Processing
By the potential of Business Process Outsourcing (BPO) insurance companies have minimized expenditure along with streamlining back-office operations. Outsourcing also facilitates the insurance company to carry out daily operations by forming a foundation of profitability and growth. It helps in reducing costs, survive any economic uncertainty, and most importantly set a stage for future expansion and growth.
Services are as follows:
New business acquisition and promotion
Claims processing
Policy maintenance
Policy management
Data Entry and Data Processing
Data entry helps companies outsource their data entry jobs with control over applications or remote server. Companies have strong firewalls for all PCs and the latest updated anti-virus software to keep client’s data safe and secure also have high bandwidth internet lines(with backup) to provide quality online typing.
In any business, there are huge numbers of data with valuable information. The data which are generated needs to be processed to exact findings, trends, and other business-critical information. That’s why the data must be processed, analyzed, and use the results to improve the business. This data processing service can be performed manually or automatically. There are automated tools available that process the data as per the requirement and processed data can then be used for analysis and further action.
The services which are done under this service are data entry from paper, books, images, e-books, yellow pages, websites, business cards, printed documents, software applications, receipts, bills, catalogs, and mailing lists.
Top 16 BPO Companies In India
Data Conversion Services
The data conversion process is required to be performed as the data needs to be in a specific format to make full use of it. It can be handwritten, audio content, video content, images, printed material, etc.
Data conversion services are as following:-
Data digitalization
Extract data from images
HTML conversion
XML conversion
Electronic Document Management(EDM)
Robotic Process Automation(RPA)
Converting handwritten to electronic format.
Conversion of PDF content to data in different formats.
Extracting data from receipts and online bills.
Bookkeeping and Accounting Services
Bookkeeping software like SAGE, MS-Small Business Accounting, Peachtree, Quick Books, and other spreadsheets are used as part of services. The experienced accounting and bookkeeping outsourcing team adopt a personalized approach for each client. There are many experienced accountants can work as a virtual back-office to business, to deliver essential accounting and bookkeeping services cost-effectively within a specified time frame. The most important part is that business information will be kept secure and confidential.
Form processing has become a stressful and inefficient activity amongst a majority of the organizations. Form processing services will also you to completely focus your time and resources towards the more important aspects of the business. Outsourcing from processing is a way to increase the productivity of an organization in the most cost-effective manner.
The outsource form processing services include:
Resume processing
Payroll processing
Application form processing
Shipping form processing
Warranty card insurance claim processing
Student and immigration form processing
Medical form processing
Legal form processing
Transportation and logistics form processing
Financial document processing
Tax form processing
Questionnaire form processing
Rebate form processing
Rental form processing
Purchase or sales order form processing
Online Research
This service provides a high level of accuracy, timely deliveries, total confidentiality, and cost-effective web research services. Online research is the slightest costly research methodology today. Companies collect and analyze quantitative and qualitative information to provide reliable and effective solutions. Companies can outsource this to skilled and trained research professionals.
With the tension escalating at the Indo-China border, the Chinese-funded companies in India are currently at risk. The people of India are now boycotting Chinese manufacturers and organizations that sell their products in India. As a result, Indian startups funded by Chinese investors are also facing severe backlash.
Among India’s top 30 companies and startups (entrepreneurial ventures worth over $1 billion), 18 have received funding from the Chinese.
Chinese investors are quick in identifying the potential in Indian startups. They find investing in India enticing because India has an attractive risk-return trade-off and remains the second-fastest growing economy in the world. Chinese investors have funded over 18 Indian unicorns; it amounts to around $3.9 billion in investment in 2019. But the growing conflict between the two countries is making it challenging for these unicorns to receive further investment capital from China.
BigBasket is an Indian online grocery delivery service. Alibaba invested in BigBasket in 2018. The investment assists BigBasket in competing with the US-based Amazon and India’s Flipkart. The company’s valuation exceeded $1 billion with the help of Chinese investment. The decision to boycott Chinese products affected BigBasket in several ways.
Dailyhunt
Chinese Investor: Alibaba
Dailyhunt – Chinese Investment In India
Dailyhunt is one of the fastest-growing startups in this list. Dailyhunt is an Indian news content aggregator. It is considered as one of the world’s top mobile applications for staying abreast of the latest happenings across the globe. With 22 million users and 30 billion page views per month, Dailyhunt has indeed cemented its status in the Indian startup ecosystem. Alibaba holds an investment in Dailyhunt.
Healofy
Chinese Investor: Ant Financial
Healofy – Chinese Investment In India
Healofy is India’s largest women-oriented social network; it helps women connect with other women. Healofy raised $1 million in seed fund from Omidyar Network in 2018. Healofy then received $8 million in fresh funding from Alibaba-backed parenting platform BabyTree Group and BAce Capital, a fund anchored by Alibaba’s Ant Financial.
Paytm Mall
Chinese Investor: Alibaba
Paytm Mall – Chinese Investment In India
Paytm launched the Paytm Mall app in Feb 2017. Paytm Mall follows a business to consumer model. It is an e-commerce platform that allows consumers to shop from 1.4 lakh registered sellers. Alibaba invested in Paytm Mall for a 40% stake but refused to fund Paytm Mall further. Paytm is one of the biggest e-commerce organizations to be featured in this list of Chinese-funded companies in India.
Paytm
Chinese Investor: Ant Financial
Paytm – Chinese Investment In India
Paytm is an Indian e-commerce payment system and financial technology organization. Paytm was valued at $10 billion in January 2018. Paytmvaluation was $16 billion in 2021. Ant Financial has become the largest shareholder in One97 Communications, the parent company of Paytm, by investing $680 million.
TicketNew
Chinese Investor: Alibaba
TicketNew – Chinese Investment In India
TicketNew is a privately owned company that provides online ticket booking services for movies, theatre plays and sports. Chinese e-commerce giant, Alibaba has reportedly provided over $30 million in funding to TicketNew and has acquired the ticket booking platform..
Vidooly
Chinese Investor: Alibaba
Vidooly – Chinese Investment In India
Vidooly is an online video analytics and marketing company. It provides video analytics tools and video marketing services. Vidooly raised over INR 15 crores from the Alibaba group.
XpressBees
Chinese Investor: Alibaba
XpressBees – Chinese Investment In India
XpressBees is an e-commerce logistics firm that offers delivery, order management, shipping, and tracking services. Founded in 2015, XpressBees secured over $35 million in funding from Alibaba in 2017. Again in 2019, the e-commerce giant invested $10 million in the logistics starteup.
Snapdeal
Chinese Investor: Alibaba
Snapdeal – Chinese Investment In India
Snapdeal is an Indian e-commerce behemoth. Snapdeal received over $500 million in funding from three of Asia’s largest tech companies: Alibaba, Foxconn, and SoftBank. Snapdeal is another e-commerce giant that made it to this list of Chinese-backed companies in India.
It is an Indian restaurant aggregator and food delivery start-up that provides information, menus, and user-reviews of restaurants. Zomato also offers food delivery options from partner restaurants. Zomato has raised over $150 million from Alibaba.
BYJU’s
Chinese Investor: Tencent
BYJU’S – Chinese Investment In India
BYJU’S is an Indian educational technology (edtech) and online tutoring firm. It is considered as the largest ed-tech company in the country as well. Tencent, one of Asia’s largest valued Chinese tech company investor, has invested in Byju. The amount invested on the ed-tech was undisclosed.
Ola
Chinese Investor: Tencent
Ola – Chinese Investment In India
Ola Cabs is an Indian ride-sharing company offering services that include peer-to-peer ridesharing, ride service hailing, taxi, and food delivery. Ola was founded by Bhavish Aggarwal and Akit Bhati. Ola raised over $1.1 billion in funding from Tencent.
Doubtnut
Chinese Investor: Tencent
Doubtnut – Chinese Investment In India
Another ed-tech company, Doubtnut is an Indian online tutoring platform. Doubtnut operates as an e-learning platform that enables users to ask questions related to Physics, Chemistry, and Math. Tencent provided over $15 million funding to Doubtnut in the year 2020..
Dream11
Chinese Investor: Tencent
Dream11 – Chinese Investment In India
Dream11 is a fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, and basketball. Tencent has a $100 million investment in Dream11 in the year 2018. Dream11 has become the first Indian gaming company to enter the unicorn club.
Flipkart
Chinese Investor: Tencent
Flipkart – Chinese Investment In India
It is an Indian e-commerce company based out of Bangalore, India. Flipkart was founded in 2007 and has been one of the e-commerce giant in India by serving . Chinese investor Tencent Holdings have invested more than $300 million in Flipkart.
Niyo
Chinese Investor: Tencent
Niyo – Chinese Investment In India
Niyo is one of India’s largest and fastest-growing fintech ventures with the vision of making banking simple, smart, and transparent for everyone. Niyo got its funding from Tencent, although the amount raised were not disclosed to the public.
Gaana
Chinese Investor: Tencent
Gaana.com – Chinese Investment In India
It is the largest Indian commercial music streaming service. Gaana.com was founded in 2012. Gaana raised over $115 million from the Chinese internet giant Tencent. Again in 2020, Tencent invested $50 million and in 2021 another $40 million on the music streaming app.
Khatabook
Chinese Investor: Tencent
Khatabook – Chinese Investment In India
Khatabook is a mobile app targeted towards small shopkeepers and kirana store owners in India. Khatabook app helps them manage their books by tracking the money owed to them through the means of a digital ledger. Tencent has invested over $75 million in Khatabook app.
MX Player
Chinese Investor: Tencent
MX Player – Chinese Investment In India
MX Player is an entertainment app that offers its viewers quality, digital-first content, it is a very popular OTT service in India for giving access to many exclusive content to it audinence. MX Player gained popularity as an Indian OTT platform. Tencent has invested over $11q million in MX Player in the year 2019.
MyGate
Chinese Investor: Tencent
MyGate – Chinese Investment In India
MyGate is an India-based security and community management app for gated premises. The security management startup raised an undisclosed amount from Chinese tech company Tencent in the year 2019.
Pine Labs
Chinese Investor: Tencent
Pine Labs – Chinese Investment In India
Pine Labs is an fintech startup and an Indian merchant platform company. Pine Labs provides financing and last-mile retail transaction technology through its help your business can accept different modes of payment. Tencent has invested and undisclosed amount in Pine Labs.
Pocket FM
Chinese Investor: Tencent
Pine Labs – Chinese Investment In India
Pocket FM is a social audio platform for Indian languages where users can find great quality audio content comprising audiobooks, stories, and podcasts. Tencent invested in this entertainment app, although the amount invested was not disclosed to the public.
Practo
Chinese Investor: Tencent
Practo – Indian Companies with Chinese Investment
It develops and distributes medical information systems. Practo Technologies Private Limited offers an online software platform that provides automated appointment scheduling, billing solutions, and storage of medical records. Practo raised over $55 million from Tencent.
Swiggy
Chinese Investor: Tencent
Swiggy – Indian Companies with Chinese Investment
Swiggy is one of the most popular a food delivery company in India. Swiggy is one of the unicorn in India and in fact, it is also India’s fastest unicorn. In 2018, Tencent invested on Swiggy again in 2020, Swiggy got a good amount funding from Tenvcent. Both the times, the amount is not diclosed.
Udaan
Chinese Investor: Tencent
Udaan – Indian Companies with Chinese Investment
Udaan is a network-centric B2B trade platform designed specifically for small and medium-scale businesses in India. Udaan brings traders, wholesalers, and retailers into one place. Udaan raised funds from Tencent,the amount invested was not diclosed.
Hungama Digital Media Entertainment Pvt. Ltd
Chinese Investor: Xiaomi
Hungama Digital Media – Indian Companies with Chinese Investment
Hungama Digital Media Entertainment serves as an aggregator, developer, publisher, and distributor of Bollywood and Asian entertainment. Xiaomi made its first investment in an Indian company by pouring $25-million in Hungama Digital Media Entertainment.
Marsplay
Chinese Investor: Xiaomi
Marsplay – Indian Companies with Chinese Investment
Marsplay is an online platform that allows users to discover and share fashion and beauty tips. Marsplay Internet Private Limited, the parent company of Marsplay, raised funding from Xiaomi in 2018, although the exact amount was not disclosed.
Oye! Rickshaw
Chinese Investor: Xiaomi
Oye! Rickshaw – Indian Companies with Chinese Investment
Oye! Rickshaw is an electric rickshaw mobility platform that connects driver-partners and users. The best part is it is environment-friendly and is on a mission to make people commute without any problem. Oye Rickshaw raised an undisclosed amount of funding from Xiami in 2020.
ShareChat
Chinese Investor: Xiaomi and ShunWei Capital
ShareChat – Indian Companies with Chinese Investment
ShareChat is an Indian Social networking service, and it was incorporated on January 8, 2015. The main attraction of this app is that it support over 15 languages. ShareChat raised funds from Xiaomi and ShunWei Capital, a Chinese venture capital firm. Both the investment amount was not disclosed
ZestMoney
Chinese Investor: Xiaomi
ZestMoney – Indian Companies with Chinese Investment
ZestMoney is the largest and fastest-growing consumer lending fintech company in India. ZestMoney’s platform enables instant approval and disbursal of small-ticket loans. Xiaomi invested an undisclosed amount in ZestMoney in 2018.
OYO
Chinese Investor: Didi Chuxing
OYO – Indian Companies with Chinese Investment
OYO, the multinational hospitality chain is famous for its budget rooms and it is considered the biggest network of hotels in India. It is also spread in more than 199 cities and serves its people. In the year 2019. Didi Chuxing a transport company invested $100 million in OYO.
PolicyBazaar
Chinese Investor: Tencent
Policy Bazaar – Indian Companies with Chinese Investment
Policy Bazaar is a company that provides online life insurance and general insurance. The Indian multinational fintech company has been here for 14 years and has been serving people. Tencent invested $150 million in PolicyBazaar in the year 2019.
Delhivery
Chinese Investor: Fosun
Delhivery – Indian Companies with Chinese Investment
This Indian logistics and supply chain company’s main service is to transport parcels and provide third-party logistics for e-commerce companies. In the year, 2017 Fosun, a Cho9nese conglomerate company invested $3o million in Delhivery.
FAQs
How many Chinese companies are there in India?
There are 105 Chinese companies in India.
Is BigBasket funded by China?
BigBasket is an Indian online grocery delivery service. Alibaba invested in BigBasket in 2018. The investment assists BigBasket in competing with the US-based Amazon and India’s Flipkart. The company’s valuation exceeded $1 billion with the help of Chinese investment.
Is flipkart funded by China?
Flipkart is an Indian e-commerce company based out Bangalore, India. Chinese investors like Tencent Holdings and Steadview Capital have invested more than $300 million in Flipkart.
Is Paytm owned by China?
Paytm launched the Paytm Mall app in Feb 2017; Paytm Mall follows a business to consumer model. It is an e-commerce platform that allows consumers to shop from 1.4 lakh registered sellers. Alibaba invested in Paytm Mall for a 40% stake but refused to fund Paytm Mall further.
What are the Chinese Investment Companies in India?
Top Chinese Investment Companies in India are:
Tencent
Alibaba
Xiaomi
How many Chinese companies are listed in Indian stock market?
There are a total of 16 Chinese FPIs registered in India.
What are the top companies that received funding from Chinese company in India?
Top companies that received funding from Chinese company in India are:
It’s one of the toughest jobs to generate new leads for your software, product, or service. But how many of your leads and sign-ups are you successfully converting to customers? Hell, you’ve optimized your homepage, your landing pages. You’ve done your SEO homework. You’ve sweat blood and tears writing blog post after blog post.
Do you know how many new blog posts are being published? More than 3 million blog posts. Every single day. Is video content marketing a better strategy than blogging? You’ll be surprised when diving into the statistics.
That’s why I came up with the 3 easiest steps to create kickass video tutorials for saas with 10 best examples in order to make your video marketing strategy successful. So, let’s dive in.
In simple terms we can define video marketing as the way to market a product or service using the video. Video marketing, especially for SaaS companies, involves “utilizing video through the funnel to attract, convert and delight customers,” explained Ed Laczynski, CEO of Zype. Video marketing has lot more advantages over a written content as it engages the users more than 88% on your website as reported by Forbes. In addition to it, the message tried to transmit through video retains 95% more than compared to 10% when they read the text.
Types of Video Tutorials
Demo/Explainer Videos
Case Studies and Testimonials
Social Videos
Expert Interviews and Trending News
Customer Support
Why Video Marketing Works?
Do you know what the average attention span is today? 8.5 seconds. That’s shorter than the attention span of a goldfish. Which is 9 seconds. While those exact figures may or may not be true, we can certainly agree that attention spans have been declining rapidly.
So how about all your precious blog posts, your content marketing? According to TIME magazine, 55% of Visitors Read Your Articles For 15 Seconds or Less. And according to Nielsen, web users spend 80% of time above the fold:
How about online video? Put out a 6 to 12-minute video, and 5 out of 10 people will watch to the very end, according to WISTIA:
Video Length vs Avg Engagement
With video, you have up to 12 minutes of undivided attention from your potential customers! So how do you intrigue your customers and draw them into your videos?
Just follow some simple rules:
Show up yourself in the video, in person, and you will build trust and rapport.
Address your customers pains & challenges, and they will start to connect with you.
Show the benefits of your product/service.
Show how you help your customers get where they want, and they will sign up. And buy.
That’s the secret how you generate new leads and increase your conversions
Video tutorials are the best way of showcasing your software or SaaS. Think of video tutorials as your 24/7 sales & support reps. Always working for you. The good news is that you don’t need to be a video or marketing pro. You don’t even need expensive gear. There’s only one thing you need to get right. That one thing is scripting your video tutorial so your potential customers can see the benefits your software has for them. For their company. For their life. As vivid as possible. Throughout the whole tutorial.
Steps to Create the Perfect Video Tutorial for SaaS
Step 1:
Create video tutorials featuring your customer. Not your product
Video tutorials should educate your customer. Show him what your software or service does. How it works. But that doesn’t mean that the tutorial should be all about your product. Or its features. Or your company. I’ll be blunt: Your customers aren’t interested in your software or its features at all. They didn’t wake up in the morning, thinking “oh my god, I need to have that “.
All your customers care about is themselves. They want to know what’s in it for them. How your software helps them solve the big problems they’re facing. How your service helps them get where they want. Your customers are interested in the final results they can achieve. Your product is a pure means to get them there. And if they could get the same results without you, without the hassle of migrating and implementing your software, they’d be even happier.
Credit card processing services Square hit all the right buttons in their testimonial video with a sweet and short 30-second long edit. Portraying a convincing reason why Square is better than alternative solutions, it’s easy to see how the testimonial will help other prospects to choose Square as their card processing solution. Not to mention, we can all take away how such a simple video can be so effective. Watch below.
Square
It’s about your customer, his problems, his goals. When you’re walking in your customers’ shoes, the perspective shifts. That means you should really know your potential customers, their needs, their challenges, what they aspire to. In marketing speech, that’s knowing your buyer persona. When you have a clear picture of your customer, you can start communicating and connecting with them on a whole new level. Always remember that whatever you are doing, whether it’s in marketing, sales or support, should be about your client. It is never about your product or company.
Step 2:
Translate every feature into the benefit your customer gets out of it
Now that you’ve seen the power of benefits to attract and convert your customers, how do you find those benefits? Once you’ve got all the information, it’s actually quite easy. First, you need to know two areas by heart:
The features – It doesn’t matter whether big or small, get to know all the features of your software, product or service.
Your customers’ needs – What are your customers struggling with? What gets on their nerves? What do they want to achieve?
Benefits arise when a feature meets one (or several) customer needs. When looking at your features, try to be as specific and detailed as possible. Stick the formula to your monitor: “Feature + Need = Benefit”. And that video tutorial? How about naming it “How to get the important things done first with software X “. Now your (potential) customers can immediately see what’s in it for them. And those who are feeling that pain right now, they’re going to watch it. Some of them will sign up for a trial. And some of these will become happy new customers. The benefits of video marketing are endless.
In the end, it’s not just about an intriguing name for the tutorial video, that makes people click and watch it. It’s about weaving those benefits into your tutorial video from the very start to the end.
Motivate your customers with benefits throughout the entire tutorial video
With the benefits clear ahead of us, let’s put these to work. Our goal is to attract (potential) customers to watch our tutorial, ideally until the very end. That gives us all the time we need to show benefits and features, and build trust and connection.
So instead of chasing the potential customers away with boring details about the feature, start off the video tutorial by painting a vivid picture of the benefits. Then back them up immediately with a short summary of the feature. Because if you keep “drooling” over the benefits, it sounds like empty promises. That’s why in the end, benefits and features go best together. It’s like the perfect couple.
Cloud-based software Salesforce utilizes video content to demonstrate their Salesforce Essentials software that helps small businesses quickly get started and grow. Engaging from the onset, Salesforce paces their application demo with eye-catching illustrations, light background music and a detailed narrative that helps their prospects and customers to understand the product, what it’s used for and what it can do. Watch below.
Salesforce Essentials Demo
Here’s the formula: Motivate with benefits, immediately back up with features. So do your homework, get to know the pains and challenges of your customers as well as your features. And then use the benefit + feature formula to create engaging video tutorials that attract and convert a flood of new customers and delight your existing ones.
What Makes a Great SaaS Promo Video?
Here are criteria for an effective and engaging piece of SaaS video marketing, which the best of the best always gets right:
It turns a complex idea into something simple – I bet your SaaS offering is pretty complicated. But any good SaaS video should trade confusing complexity for pleasing simplicity that leads to greater audience understanding.
It stands out from the crowd & communicates uniqueness – There are a lot of SaaS brands out there, and competition is fierce. Your video needs to get across your USP and make you seem different from the alternatives.
It makes the audience really feel their pain point – To gain new customers, you must show how they’re are worse off without your service. The best SaaS videos have a strong pain point that hits their audience where it hurts.
It encourages viewers to take action – What’s the point of a video that doesn’t cause a change in its audience? None. So, make sure yours encourages potential customers to start a free trial, get in touch, or just find out more.
It helps build a solid and consistent brand – Every SaaS company that’s found serious success has done so with a strong brand. To quickly earn a place in customers’ minds, your video content needs to support and reinforce your brand.
10 Great Examples of SaaS Customer On-boarding Videos
1. A Few Key Steps to Get Started (Xero)
Xero accounting software smartly focuses their onboarding video around a few key tasks that are crucial to getting started, which helps new customers avoid overwhelm. Financial and accounting SaaS companies can greatly streamline operations for users, but they do require a fair amount of set up on the front-end. Xero makes sure new customers don’t get stuck in a no-man’s land of not setting up their service and not understanding what it’s for.
2. Walking You Through Your First Task (Canva)
In this onboarding video, Canva walks you through creating your first design using their software. By centring their video around completing one task successfully, they’ve smartly avoided the boring features parade. Because who cares about what a bunch of features do? Your customers want to know what your service can do for them. Canva’s fast-paced onboarding video takes you through each step of creating a design and points out fun add-ons to inspire you to get designing.
3. A Mini-Movie Walkthrough (Band)
The onboarding video for the Band app is like a mini-movie. It opens on tiny people seen overhead who break out into groups. The video follows the activities of one group using the app to better communicate and share with each other, plus doing fun things like planning events and picking restaurants. By the end of the movie, it’s easy to want to join in the fun.
4. Friendly Tips for Your First Trip (Uber)
Uber’s onboarding video covers more than just how to take your first trip. It gives drivers the kind of handy tips they’d only know after having completed a number of rides. If you’re a driver who stumbled over your first few trips, you may be tempted to abandon Uber’s driving service altogether. Uber helps drivers reach their first success with a conversational tone and helpful hints that feel like we’re getting advice from a trusted friend.
5. Lively Instructions for a Complex Product (Penki)
Some onboarding experiences are more complicated than others. The Penki app creates 3D images with an iPhone and a camera set to long exposure. Not easy to explain. Much easier to show in a video. This live action onboarding video shows the clever creations possible with Penki through delightful instructions that flash across the screen.
6. Savvy Tips Worth Getting Excited About (GrubHub)
One of the potential pitfalls for a GrubHub driver? Driving on an empty stomach! This live-action onboarding video is narrated by a GrubHub driver on a typical delivery run — all the way from hopping in his car to pick up at the restaurant to delivering to the customer’s door. Right at the open, he promises some cool tips and tricks that keeps the audience hooked. The tips are underlined with catchy on-screen visuals, great for watching with no sound.
7. Walking in the Footsteps of a Real User (Sphere)
The Sphere app promises a “real experience” of one user from the moment he decided to sign up for the new social networking app. At five minutes, it runs on the long side, but it does give viewers a comprehensive experience of the app that would have been impossible to get so quickly any other way. In written format, this amount of information would’ve gone on for days and been tedious (at best!).
8. A Pretty Quick Glimpse (Ipsy)
Ipsy is a beauty shopping app that rewards you for purchasing on the app. This animated/live-action hybrid video introduces customers to the benefits of shopping for beauty items with Ipsy with a friendly narrator named Madeline. The video style is candid and more like one person talking to another person about a new discovery they’ve made. Clocking in at less than 30 seconds, this is one fast-paced intro that covers all the important points, yet teases the beautiful bonuses of Ipsy. A great example of leaving them wanting more.
9. App Tutorial Video (Tasker App)
If you’re just getting started on TaskRabbit, you’ve got a lot to learn about getting hired on the network (and using the app). This live-action onboarding video walks you through the basics of setting your availability and getting hired for your first task with. Although this is the typical close-up of a phone, it’s warmed up with a background of tools and upbeat music. By the end of this video, viewers will know everything from how to work with clients on the app to getting support from TaskRabbit if you hit a snag.
10. A World of Enticing Benefits (LifeWorks)
The LifeWorks app is a platform that enables companies to reward their employees. This video gives audiences a delightful romp through all the benefits that come with the LifeWorks app, from exclusive shopping discounts to gift card rewards. This client onboarding video even resembles a swoon-worthy Instagram feed at times. Who wouldn’t want to dip their toe into one of these picture-perfect vignettes?
Conclusion
So, keeping these things in mind, you can create a perfect video for your SaaS product and boost your video marketing. How is video marketing helping your SaaS to grow? Please share your stories in the comments section below.!
SaaS marketing is a type of marketing that focuses on promoting and acquiring leads for subscription-based products. SaaS, also known as Software as a Service, is a way in which businesses sell their products in cloud-based applications with regular updates and added functionality.
What does SaaS stand for?
Software as a service (SaaS) is a way of delivering applications over the Internet—as a service. Instead of installing and maintaining software, you simply access it via the Internet, freeing yourself from complex software and hardware management.
What are some examples of SaaS?
SaaS examples: BigCommerce, Dropbox, MailChimp, ZenDesk, DocuSign, Slack, Hubspot. PaaS examples: AWS Elastic Beanstalk, Heroku, Google Apps, Salesforce, Windows Azure.
What is SaaS in cloud computing with example?
Software as a Service, also known as cloud application services, represents the most commonly utilized option for businesses in the cloud market. SaaS utilizes the internet to deliver applications, which are managed by a third-party vendor, to its users.
The mobile phone manufacturing market is a big industry, it has the potential to continue growing and create more markets. The mobile manufacturing market is completely different today when comparing to any stage in the past. Before, the mobile phone was the device used to make calls with othersoccasionally. But now, we use a mobile phone for so many purposes.
It combines a high-quality screen, highly functional software, and a powerful camera. Now, mobile is the tool to use toconnect with friends, to schedule meet-ups, to arrange appointments, and to manage our mails. Also, we use mobile phones to manage our social networks, to share photos, to play games, and to search the web. They can also be used for doing work.
Today, the mobile phone is a complete computer. In fact, now the mobile technology is as powerful as the computer. According to 2019, China is the largest mobile phone manufacturer country in the world. And also China has the highest number of mobile users in the world. China has some of the most important mobile brands in the world. It includes OnePlus, Oppo, Huawei, Honor, Vivo, etc.
Impact of Covid-19 On Global Mobile Manufacturing Market
Worldwide Smartphone Shipments From First Quarter (Q1) of 2017 to First Quarter of 2020
According to data from the International Data Corporation (IDC), global smartphone exports fell 11.7% in the first quarter of 2020. Also in this period (Q1 2020), companies exported 275.8 million smartphones. Exports as a whole fell steadily in the first quarter. There is a constant average decrease of 15%-20% in the last three years. It is the largest annual decrease ever.
There is also a decline this year. But it is not surprising. This is because the Covid-19 epidemic began in the first quarter of 2020. In addition, the lockdown was at its high level in China. Gradually the coronavirus spread around the world. The biggest drop in the first quarter of 2020 was in China, with exports falling 20.3 per cent.
China represents a quarter of world exports, which has had a huge impact on world markets. The world’s reliance on China’s smartphone distribution network has caused major problems. The United States fell 16.1 per cent. And the Western Europe fell 18.3 per cent. In this time of Covid-19, the users are more cautious about their spending and as a result, it’s hard to imagine that it won’t affect the smartphone purchases.
The closing of retail stores worldwide has affected all markets of consumer devices, including mobile phones. The Chinese market was better than expected in March, as the number of new Covid-19 cases began to decrease. But the global economic crisis will make a negative impact on consumer sentiment and economy.
Global Smartphone Market Share in First Quarter of 2020
Looking to the future, the mobile companies will face a problem because of lack of customer demand. This list of the best 3 mobile phone manufacturers is based on the data related to manufacturing capabilities and the global market share. They are given below.
Samsung
Samsung Electronics is a company based from South Korea. Samsung mobile phones and smartphones are very popular worldwide and world largest mobile manufacturing company. The latest technology and the simplest features made it one of the most trusted and popular brands in the world.
Their important model includes Galaxy S10 Plus, Galaxy S10, Galaxy Note 9, Galaxy S9 Plus, Galaxy S9, Galaxy Note 8, Galaxy A8 Plus, etc. Samsung had 31.38% Global Market Share in 2019. 58.3 million Smartphones were exported in the first quarter of 2020. It has 18.1 percentage declines, but Samsung remained in top position with a 21.1% share.
This is mainly due to the success of the A-Series, despite the Galaxy S20 premium 5G flag being launched. However, the high price of the S20 helped to boost Samsung’s profits. The two new premium devices (Fold 2, Note20) of Samsung will arrive in the 2nd half of the year.
Huawei is a Chinese company. 80% of the world’s top 50 telecommunications companies work with Huawei. The popular Huawei mobile phones include Huawei P30 Pro, Huawei Mate 20 Pro, Huawei P30 Pro, Huawei P20, Huawei Mate 20, Huawei Mate 20X, Huawei Mate 10 Pro, Huawei Mate 20 Lite, etc.
It had 8.57% market share in 2019. Huawei ranks second in the global smartphone market with a 17.8% share in 2020. However, Exports fell by 17.1%. The company has mitigated the impact of the decline with its price cuts on the Mate 30, P30 series, and 9X series.
Apple
Apple Inc is the best electronics company in the United States. This smartphone has its own operating system called iOS. The famous Apple iPhone models include iPhone XS Max, iPhone XS, iPhone XR, iPhone X, iPhone 8 Plus, iPhone 8, iPhone 7 Plus, iPhone SE, iPhone 7, etc. It had a 22.4% market share in 2019.
The company exported 36.7 million iPhones in the first quarter of 2020. The company ranked third with 13.3% share. However, exports fell by 0.4%. It is the smallest annual decline among the top three suppliers for the year. The main reason for this is the continued success of the iPhone 11 series. The new SE (2020) device is aiming the peoples, who are looking for low priced iPhones.
India is the 2nd largest mobile manufacturing hub in the world
The minister of law and Justice, Communications, Electronics and Information Technology, Ravi Shankar Prasad said that India is the 2nd largest mobile manufacturing hub in the world. More than 200 mobile manufacturing units have been established in the country in the past 5 years.
Around 330 million mobile phones produced in 2019. Many companies are already making their own products in the country. Manu Kumar Jain, the Xiaomi India head tweeted that 99% of Redmi and Mi phones are made in India and also the 65% of parts are sourced from locally. Apple has already partnered with contract manufacturers Wistron and Foxconn to produce some iPhone models in India.
The smartphone market is leading some other markets and industries. The technology is developing. In the future, we will begin to see foldable displays that could further reduce the distance between tablets, smartphones, and computers.
A mobile manufacturing module is used to adjust the manufacturing system to an inconsistent workload. By implementing mobile manufacturing modules that quickly and easily can be used on different production sites, fewer investments are needed in manufacturing equipment.
Which country is the largest manufacturer of mobile phones?
China
Which is the second largest mobile manufacturer country in the world?
India is the 2nd largest mobile manufacturing hub in the world.
Which mobiles are manufactured in India?
Some Smartphones Made in India:-
OnePlus 8 Pro
Motorola One Fusion Plus
Nokia 7.2
Infinix Hot 9 Pro
Samsung Galaxy M21
Vivo Y19.
What are the world biggest mobile manufacturing company?
Post-Graduation has become a basic degree which is required to land in a job. Finding a job with a decent salary without a Post-Graduation has become harder year by year. Even an Individual already working in a company would require a PG certificate for his/her promotion.
In such an environment choosing the right Business school has become a hard task for the students. India has a lot of Business Schools providing Post Graduation. There are around 5,500 colleges in the country.
Here are some of the best Business schools in India
IIM Ahmedabad started its operation from the year 1961. It is an Autonomous University located in Ahmedabad, Gujarat. IIM Ahmedabad is India’s best Business School and it has been featured twice as the top B-School in the list of NIRF.
MBA courses offered by IIM Ahmedabad
According to 2020, it is rated as one of the top colleges in India by NIRF. The oldest, flagship MBA Programme is what IIM Ahmedabad is popularly known for. It is ranked #20 globally by financial times for Masters in Management. IIM faculties have an average of 10-20 years of work experience in study research and MNC’s.
The average fee for the Programme varies from INR 10 Lakhs to 28 Lakhs. The average remuneration received through the placements in 2020 is INR 40-45 Lakhs P.A.
IIM Bangalore started its operation from the year 1973. It is also an Autonomous University in Bannerghatta, Bangalore. IIM Bangalore is one of the leading institutes for management studies in Asia. It was also ranked as one of the best colleges by NIRF in 2020. It was 2nd in the list.
The MBA Programme has a lot of selection rounds. Only 400 students will be selected per year out of Lakhs of applicants in and across the country. The college offers a lot of scholarship programs as well.
MBA Courses Offered by IIM Bangalore
The fees for the programs vary from around INR 19 Lakhs to INR 28 Lakhs. The average remuneration received through the placements in 2020 is INR 28 Lakh P.A.
IIM Bangalore have student exchange programs with various universities across North America, South America, Europe, Asia, and Australia. The institution also has key partnerships and collaborations with various companies to promote entrepreneurship and developing new ventures. The companies include Goldman Sachs, NITI Aayog, and Michael and Susan Dell Foundation.
IIM Bangalore is working towards developing another campus in Bangalore.
Indian Institute of Management (Calcutta)
IIM Calcutta is the second institution under the IIM to be developed in India. It started its operation in the year 1961. The institution has continuously been ranked #3 by NIRF in the last 5 years. IIM Calcutta had been ranked #44 by Financial Times worldwide. According to outlook Icare ranking 2021, the institution is among the top 3 institutions in India.
MBA courses offered in IIM Calcutta
IIM Calcutta is well known for its MBA Programme. The institution also provides doctoral programs and Certificate courses in Management. The faculties in the institution have experience of over 10-20 years in study research and MNC’s.
The fees for the programs vary between INR 11 Lakhs to 27 Lakhs. The college provides a scholarship of almost 3-4 lakhs. The average remuneration received through the placements in 2020 is INR 27.8 Lakhs P.A.
ISB started its operation in the year 2001. Indian School of Business is situated in the city Hyderabad, Telangana. As per Forbes’s recent ranking, the institution is ranked 7th all over the world. This business school provides courses in the field of management. It is a Autonomous Institution which is private.
MBA Courses offered by Indian school of business
It was given the ranking of 12 for MBA by Times of India in 2019. The institution tops in the Economist MBA ranking in 2021. It is ranked #6 Business School in Asia. ISB has 18 Research centers and institutes. The institution provides a wide range of Scholarships to its students including merit scholarships.
The fees for the Programme vary between INR 10 Lakhs to INR 47 lakhs. The average remuneration received through the placements in 2020 is INR 25.7 Lakhs P.A.
Xavier School of Management
Xavier School of Management started its operation from the year 1949. It is situated in the city Jamshedpur, Jharkhand. The college holds the 9Th position for the ranking by NIRF 2020 for MBA.
The institution is popularly known for offering courses for graduates and working professionals. It offers PG programs, Diploma and certificate programs below the domain of Management.
MBA courses offered by Xavier School of Management
The college has tie-ups with a lot of international Universities for student exchange programs. The institution has a campus in New Delhi as well.
The fee for the Programme varies between INR 3 Lakhs to 20.95 Lakhs. Students will receive a scholarship of about INR 1.75 Lakhs. The average remuneration received through the placements in 2020 is INR 20.08 Lakhs P.A.
FAQ
Which is the number 1 business school in the world?
Stanford University is ranked as the number 1 business school in the world.
How many Business schools are there in India?
India has more than 6,000 business schools offering PGDM & MBA.
Which is the most Expensive school in India?
Doon School, Dehradun is one of the most expensive schools in India with a school fee of Rs. 10,25,000/- per annum.
Conclusion
There are a lot of other well-known colleges which provide Management programs including IIM’s and IIT’s. However, you should make sure you should go through the selection rounds and start preparing for it. Early preparations for the exams will make it easy for you to get through and secure a seat in your dream college.
The 21st century is the century of startups and new rising companies. If you too want to start something of your own, something different and promising but don’t know how to put it up in front of the world in a legal way or you are too intimidated by the modus operandi here’s something for you that can help you start your venture of business and money-making.
Some Fundamentals of Registering your Business in India
Checklist for Business
Before going for the legal authentication part make sure you have done some profound research on the market you are going to step in, build a product that fits the demand of the people, and have an easy yet noteworthy name for your brand so that your registration process goes as smooth as it can be. You simply can’t build a business if you don’t have the exact idea of what you are going to present in front of the world. Make sure you are confident enough to start sailing in the ocean of marketing.
The Legal Way of Registration
Registering your business offline could be a complicated and greasy process. It is far better to do it online and it gives more transparency on how the systems work. Here are certain procedures that have been broken down into simple steps to help you register your business in India.
Visit the Website of the Ministry of Corporate Affairs
When you start the process of registration, first of all, you need to visit the government website of the Ministry of Corporate Affairs (MCA). There you will need to find two forms, one of them is named DIR-3-KYC and the other as DSC (Digital Signature Certificate). You need to fill out these two forms first then apply for the DIN i.e. Director Identification Number.
Documents to be submitted
While filling out both of the forms you need to have certain documents handy as they have to be submitted along with both of the forms. These documents include proof of address, educational qualification, current occupation, passport. Along with all these documents you also need to send some passport size photographs.
After filling out these forms you will have to register for the Digital Signature Certificate, also known as DSC without which you won’t be able to apply for the company registration in the online mode. For this, you also need those same documents which include proof of address, educational qualifications, current occupation certificate, passport, and passport size photographs.
File an Application
Once you are done with the previously mentioned forms, prepare an application. In this part, you will have to fill up the 1A form electronically. This process officially performs the registration of the name that you want to give to your company. You cannot just give a name that you think is suitable for your business. Here you will have to send a list of at least four names out of which one will be selected by the RoC based on their availability and whether they are appropriate. It is normally better to give more than 5 names as you will have more chances for your application not to get denied.
The RoC (Registrar of Companies) might take up to 2 days to respond. In this process, you will have to pay a fee of Rs. 500. Once the RoC approves the name that you have provided, the registration of the company must be done within 6 months of approval. If not done within the period, the whole process of registration has to start all over again.
The last step of registration includes the drafting of the Memorandum of Associations (MoA) and the Articles of Association (AoA). As these are two legal forms, these need to be dealt with carefully where you might take help from Lawyers while filling out the forms. The MoA provides a list of the different agendas of the company while the AoA lists out the details of the Company’s operation and its management. Both the Documents need to be compulsorily signed and attested by a minimum of two people from the company with a person being the witness of the whole drafting process.
Draft MoA and AoA
After doing so these documents are to be sent to the RoC for the verification process. After the documents get approved by the authority, a print out must be taken out so that you can get them validated. Then you can attach these documents along with all other documents necessary for the registration of your business.
With all of the above documents attached, you can now apply for the registration of your company by submitting the documents to the RoC. You have to register your company in the state where you will be performing your business. Then you will be provided with a certificate of Incorporation from the RoC which is the legal Certificate that declares the business to be legal and to be your own. This means that your business is registered and you can simply start conducting your business.
After the successful registration of your new Business, there is another additional step that you must do before starting your business. You must apply for a GST number, which when registered will complete the whole process of your company’s registration.
This must have given you the basic idea of how to register your business in the smoothest way possible. Though there might be some extra procedures involved, depending on your location and the type of business you want to run, it is always better to get started as soon as you can.
Conclusion
Registering a business in India is not that complicated as it may feel. You just need to have some knowledge before getting down on the platform. The procedures set by the government for a successful registration is a quick and sorted process which makes it easy for a new company to start and run without much complications. After you are done with registering your business in India, it is now time to make it prominent and successful. There is one small piece of advice that you may need before you start your business venture is that no matter how challenging and exhausting the market makes you feel if you can make it better for the customers, you will surely succeed in your business. Keep your hopes high and your visions clear.
FAQs for Registering your business in India
How to register a foreign company in India?
A foreign company can establish its business in India by filling out the FC-1 e-form. A digital signature of the official representative is needed whiling filling out the form electronically. There is no need to apply and obtain the DIN for the Directors of the foreign company.
What is the objective of small business registration in India?
Regardless of the type of business you want to run, you will always have to register your business officially. The reason being that a certain business transaction must follow specific rules and guidelines for being legal in India. Registering the business declares the company to be yours, secures the name of your company, and gives you the authenticity to take any legal actions whenever necessary.
Can I get a registration number for my business?
On applying for registration you will be given a recognition number for your business. This number will be provided to you once there is complete verification of your documents.
How long does it take to start a business in India?
It normally takes two to three weeks to complete the registration process and you can start your business in India within a short span. After you are provided with a legal recognition certificate for your business, the Indian Director can help you with opening a bank account in the company name.
How to choose a company name?
It is better to search for a name that is simple, easy to pronounce, and is relevant to your business. You can always take help from the internet. The RoC may expect you to follow some naming guidelines while naming your company.
COVID-19 is a deadly, respiratory virus that brought us to our knees in 2020. Almost every nation across the globe has been inflicted by the pandemic induced by COVID-19, popularly known as the coronavirus. World economy has taken a hit, millions of people have lost their lives, and industries such as aviation, hospitality, and real estate have incurred unfathomable losses. Manybusinesses have shut down.
To curb the spread of the virus, India and other countries have implemented lockdowns, a setup where everything except essential services are suspended momentarily. Now that the lockdown in India is gradually being done away with in a staggered manner, businesses are in full swing to get back to normal. Moreover, new opportunities are bound to emerge. This list of the top business ideas after lockdown is removed in India holds tremendous potential and profitability.
Profitable Business Ideas After Lockdown Is Lifted In India
Looking at the current state of the world, the importance of healthcare cannot be overstated. Many small business owners and manufacturers have undertaken the production of masks and sanitizers to help people and institutions fight the coronavirus pandemic. We are now extremely considerate over health, well-being, and sanitation. And the producers of healthcare equipment have generated massive profits in the process.
Healthcare Business
If you’re an entrepreneur planning to enter the healthcare business, this is the right time to invest and grow. Reach out to retailers, wholesalers, and other suppliers if you cannot manufacture healthcare supplies and equipment on your own.
Doorstep delivery has proved to be one of the most reliable business models during this lockdown. With people going to be extra cautious once the lockdown in India is lifted, the demand for doorstep delivery will increase. In the near future, customers will prefer buying vegetables and other essentials online rather than stepping out.
Types of delivery Service
‘No contact delivery’, wherein the delivery staff would drop off the package at the doorstep and not come in physical contact with the customer, is immensely popular these days.
Many people prefer ordering food online rather than visiting restaurants. Ordering food online has become a seamless process courtesy of online platforms such as Zomato and Swiggy. Many entrepreneurs are now launching their own food delivery or tiffin services.
Food Delivery Service
After the removal of lockdown, the crowd will barge to restaurants and food joints. And this implies standing in line for hours. As a result, individuals would resort to home delivery service apps and have meals delivered to their homes. Hence, establishing a tiffin/food delivery service is a great idea.
Since the COVID-19 outbreak, schools and universities have shifted to the online mode of teaching. Online classes have become the new normal in 2020. To make the most out of this trend, professionals with the right educational background and expertise should start online tuition classes.
Online classes
E-learning has become a new standard in education. With the availability of several video conferencing tools, organizing and moderating online classes has become easier than ever.
Social media, a powerful and effective marketing medium, should be a part of any business strategy. Maintaining a social media account is important for organizations to stay in touch with their customers and audience. Social media managers are responsible for representing companies on platforms like Facebook, Twitter, Instagram, and LinkedIn.
Social media manager
Many social media managers have the privilege of working from their homes. Moreover, the job allows one to exhibit creativity and innovation.
Home-made gifts have a place of their own. Hand-made gifts may be time-consuming in terms of fabrication, but they are immensely popular in gift shops. These products are made from materials such as wood, fabric, clay, and leather.
Home-made Gifts
Home-made gifts are not that expensive to fabricate and can be sold at high prices owing to their demand. If you are creative and love to make DIY (do-it-yourself) gifts, then this business is for you.
Digital marketing is about promoting and branding your business using digital platforms. It is seen as the fastest and most reliable mode of marketing. Digital marketing require skills like SEO, content marketing, and data analytics. Marketeers use this technique to drive web traffic to websites and other mediums.
Digital Marketing
Graphic Design
Graphic design is about creating illustrations and art that sell. If you are creative and have a great eye for detail, then graphic designing is for you. It gives you the opportunity to bring your ideas to life.
Graphic Designing
Graphic designers are required in every industry/vertical for the purpose of advertisements. As you gain skills in the field of graphic designing, your value soars. Consequently, you get new opportunities in frond-end development and UX design.
If you are a passionate writer, then blogging is for you. Blogging requires patience, hard work, and the knack for playing with words. It takes time to create a successful blog. Blogging can be an good career choice if you know how to create informative and entertaining content. You can earn from blogging by leveraging ad networks, affiliate marketing, and sponsored reviews.
Website development is about building and maintaining websites. It includes aspects like web design, web publishing, web programming, and database management.
Website Development
The field of website development has grown rapidly over the years. After COVID-19, more and more companies are realizing the value of digital presence. Hence, website development is in huge demand today.
Cab Service
Cab Service
The coronavirus-induced lockdown in India raised the need for safe and hygienic modes of transportation; everyone wants to avoid crowded buses, autos, etc. Thus, converting this opportunity into a business model will prove to be beneficial. One can make a good amount of money on a daily basis by providing cab services to people who want to travel inter-city or intra-city.
With the majority of people turning into fitness enthusiasts during this period of lockdown, Yoga instructors and trainers have made major strides in their field. If you can teach yoga to others, consider becoming a yoga trainer. A yoga training institute can be opened with minimal capital. Yoga classes can be conducted online as well.
Yoga Trainer
All you need is a globally-recognized certification that shows your expertise in performing yoga asanas and other poses.
If you belong to the writing industry, you may have heard of the term ‘ghostwriting’. In ghostwriting, you write for other individuals without taking credit. Hence, you are a ‘ghost’ whose write-up ends up as someone else’s intellectual property. Ghostwriting assignments include novels, blogs, articles, stories, and other forms of write-ups.
Affiliate marketing enables people to earn commission by marketing or selling some other website’s product on their blog or website. As an affiliate marketer, you can promote others’ products/services on your medium (website, YouTube channel, etc.) using a unique web link and get paid if people end up making a purchase through that link.
We hope you are making the best use of the lockdown period in India. Do comment if you know about any other feasible business idea.
Frequently Asked Questions – FAQs
What are some profitable business in India?
Blogging, ghostwriting, and online tutoring are some business ideas that require low investment but yield massive profits in India.
How can I come up with a great name for my business?
You need to brainstorm by coming up with a bunch of names that sound interesting and convey the idea and value behind the service/product. Choose names with easy spellings. Identify the names that have already been registered by someone else. Strike them off. Then finalize on one name from the available ones and purchase an online domain with that name.
What are the biggest challenges to starting a business?
Some common challenges are the shortage of capital, coming up with a good business plan and executing it, not giving up on the first sign of failure, hiring a trustworthy team, time management, and maintaining a good work/life balance.
Rishabh Rathi
