Startups are the future of the business world. However, not all startups can climb the ladder of success. There are many reasons for the failure of startups. Some can fail due to an unclear concept of a startup. Some startups fail as they can’t attract their needed audience.
Irrespective of the failure, there are a few reasons which can eventually stop the successful startups also at limited growth. One of the biggest reasons is funds. Not having enough funds for the startup can also cause issues in the growth of startups. However, there are few venture capital firms providing funds to newly started startups. They work by providing funds and buying shares from early budding startups.
After some time, when the startup has already started climbing its success ladder, they take back their funds to invest in other companies but with the addition of profit earned from earlier investment. One of such firms is Lightspeed.
Lightspeed venture capital firm is a global company providing multi-stage investments to different field startups. Lightspeed focuses more on the investment in the field of enterprise technology, consumer, and healthcare industry. They have their services expanded to multiple countries and have a history of backing up more than 400 different firms.
Some of the startups funded by Lightspeed in India are:
Yellow Messenger is an AI-based company established in the year 2015 by the joint efforts of Jaya Kishore Reddy, Raghu Kumar, Rashid Khan, and Anik Das. It is a Bangalore-based startup.
Yellow Messenger is considered the world’s largest AI-sourced tool used for conversational engagement platforms. It is majorly used to provide the clients with multiple facilities such as marketing, servicing, acquiring and also enable them with the service of supporting customers on message and call.
Yellow Messenger helps its clients with things that circle enterprise intelligence and customized conversational bots. Yellow Messenger raised the series A funds from Lightspeed of about $4 million and $20 million in series B.
BlueLearn
Money Raised
Funding Round
$450k
Pre-Seed Round
Yes
Bluelearn Logo
BlueLearn is an educational-based platform founded in the year 2020 by the teamwork of Harish Uthayakumar and Shreyans Sancheti. It is also a Bangalore-based startup.
BlueLearn was earlier just a community on a Telegram. From there, it was converted into a different platform enabling the students to find everything in one place. BlueLearn is a one-place platform for students to learn new skills, network with peers, and also apply for internships. With the funds, they are planning to hire the best talents and grow their platform to fulfil the demands of their highly increasing customers. BlueLearn managed to raise the amount of $450k in its pre-seed funding round.
Magicpin is a reward-based application connecting hyperlocal merchants with several customers. It was started in the year 2016 by Anshoo Sharma and Brij Bhushan. Magicpin is a Gurgaon-based firm.
Magicpin is a reward-back platform. It allows its users to purchase products from several merchants available on its platform. Users get the tokens on the use of a Magicpin application for the purchasing of products or paying up the bills through its application. And all the merchants advertising them on its application need to pay the platform fee along with transaction fees to the Magicpin.
Craftsvilla
Money Raised
Funding Round
Lead Investor
$1.5 million
Series A
No
$34 million
Series C
No
Craftsvilla Logo
Craftsvilla is an Indian e-commerce platform launched in the year 2011 by Manoj Gupta. It is a Mumbai-based startup.
Craftsvilla is an e-commerce platform known for selling multiple products such as ethnic appraisal, footwear, handbags, etc. Craftsvilla is popular for its unique Indian product identity. They are known to also sell ethnic Indian products through their platform.
Lightspeed has backed up Craftsvilla from the start. There were multiple funds received from Lightspeed to Craftsvilla. Along with Lightspeed, different venture firms have also funded Craftsvilla each year. The most recent funds received by Craftsvilla from Lightspeed is about $1.5 million.
Darwinbox
Money Raised
Funding Round
Lead Investor
$4 million
Series A
Yes
Darwinbox Logo
Darwinbox company provides cloud-based human resources solutions to their clients. It was introduced in the year 2015 by Chaitanya Peddi, Jayant Palette, and Rohit Chennamaneni. It is a Hyderabad-based startup.
Drawinbox was initiated with the vision of creating a change in the interaction between the workforce and technology. It provides complete solutions from hire to retirement process. They are known to provide multiple services such as HR Voicebot, Advanced Talent Analytics, Candidate Shortlisting, OCR-based expense scans, etc.
Drawinbox also had its backed up by multiple capital ventures from the start itself. Drawinbox received $4 million as its first fund from Lightspeed and other ventures.
Lightspeed venture capital firm was established in the year 2000. They are known to provide funds to unique concepts and highly potent startups during the early years of startups. With this step, they can invest in a good source and allow the startup to bloom well. Some of the most well-known and famous startups funded by Lightspeed have been given above.
FAQ
Which are some of the successful companies backed up by Lightspeed in the past?
Lightspeed has supported many startups over time. Some of the most famous and well-known companies are Snapchat, Affirm, Byjus, OYO Rooms, etc.
Who are the founders of Lightspeed?
Lightspeed was founded in the year 2000 by Chris Schaepe, Barry Eggers, Ravi Mhatre, Peter Nieh.
What is meant by venture capital firms?
Venture Capital firms are those investors who provide funds to startups and newly opened small businesses as a part of the investment. They provide investments to the companies believed to have long-term growth potential and then receive their profits from the success of the business.
IPO is a term that many of us are hearing nowadays. The ones who know about businesses and share markets are familiar with it. But few still don’t know what IPO is.
It is simply a process that makes a private company become public. Investing in IPOs can be a lucrative option to earn great financials in the future.
IPO investing does seem a good idea to almost everyone. However, it might not always be successful. It is important that you are a well-informed investor who knows about this world.
IPO has a way of working in India. The entire process gets monitored by SEBI (The Securities and Exchange Board of India).
IPO stands for Initial Public Offerings. As the name suggests it is a process that makes a company available to the public so that they can buy a share of it.
Any company with any type of business, size, or time of existence can get itself listed for being public. IPO simply helps a company to earn funding through public.
The company shares gets available to the public after initial public offerings. Investment banks help the company with the IPO process. The money raised through IPO enables a business to grow further. This in turn helps the shareholders to gain profits.
About IPO Process
How IPO works in India?
When a private company needs huge capital which is way beyond its reach to raise, it resorts to other measures. One of the best and lucrative options is to ask the public for investment through IPO.
A company can sell the shares itself, but this makes the process highly taxing. So, companies tend to hire investment banks to take care of the entire process.
The process of IPO in India involves the following steps:
Step 1
At first, the company creates an agreement with the investment bank. This includes the aimed amount to be raised, security issues, and other details about the process.
Step 2
Then they register a statement to the Securities and Exchange Board of India. The statement is then approved by SEBI after proper examination.
Step 3
After the approval, the company finalizes the shares to be sold to the public. It also finalizes the price for it.
IPOs are available in two issues. These are fixed price and book building. In the former, the company creates a fixed price for each share to be sold. In book building, the company provides a range of prices. The people then place their bids within the range to get a share.
Step 4
After the price fixations, the shares are available for the public. The interested people then submit their applications for the shares. Then after scrutinizing the applications, the company’s share allotment begins.
Step 5
The final step is the listing in the stock market. When the public investors receive their share, they are then listed in the secondary market.
How Does IPO Price is Decided in India?
In simple words, it is decided by dividing the entire value of the company by the number of shares in the listing.
The total number of orders received for shares and maximization of the trades to be executed at the time of stock exchange launch makes for the listing price.
Top IPO Listings and Funding India 2021
Zomato
The online food delivery company, Zomato gained huge popularity with its IPO listing. The date of listing was 23RD July 2021. The issue price was Rs.73. The current BSE and NSE prices are Rs.132.70 and Rs.133.70.
Public offerings helped Zomato raise Rs. 9,375 crores. Its debut in the share market turned various heads around.
Nykaa
Another popular IPO listing of the year 2021 is Nykaa. The beauty and wellness e-commerce company was listed on 10th November 2021. The issue price was Rs. 1,125. The current BSE and NSE prices are Rs. 2,063 and Rs. 2,018.
The company raised funding of Rs. 5,352 crores through the public offerings.
Paytm
The Indian digital payments and technology platform’s IPO listing date was 18th November 2021. The issue price was Rs. 2,150. The BSE and NSE prices are Rs. 1,955 and Rs. 1950.
Paytm raised Rs. 8,300 crores through initial public offerings.
MTAR Technologies Limited
MTAR Technologies, the engineering solutions company’s listing date was the 15th of March 2021. The issue price for the share was Rs.575. The current price at BSE (Bombay Stock Exchange) stands at Rs. 2236.95 and NSE (National Stock Exchange) current price is Rs. 2237.95.
After the sales of shares, the company gained Rs. 179 Crores through IPO.
Easy Trip Planners Limited
Easy Trip Planners or EasyMyTrip is the online Indian travel company found in the year 2008. EaseMyTrip got listed on 19th of March 2021. The issue price of the share was Rs.187. The current BSE price stands at Rs. 520.25 and NSE price is Rs. 593.85.
The company got the funding of Rs. 229 Crores after selling the shares to the public.
Paras Defence and Space Technologies Limited
Paras Defence and Space Technologies Limited deals in engineering products and solutions. The listing date for the company was 1st October 2021. The issue price was Rs. 175. The current BSE and NSE price stands at Rs. 732.4 and Rs. 732.9 respectively.
The company earned funding of Rs. 51 crores through IPO.
NURECA, the health and wellness products company’s listing date was 25TH February 2021. The issue price was Rs.400. The BSE and NSE current prices stand at Rs. 1390 and Rs. 1390.4.
The company received funding of Rs. 44.55 Crores through initial public offerings.
Clean Science and Technology Limited
The company uses the latest technologies to manufacture specific chemicals. The listing date for the company was 19th July 2021. The issue price was Rs. 900. The BSE current price is Rs. 2481.65 and NSE current price is Rs. 2476.15.
Through IPO the company collected a capital of Rs. 464 Crores.
Latent View Company helps with the processes related to digital consumers. It got listed on 23rd November 2021. The issue price was Rs. 197. The current BSE and NSE price of the company is Rs. 491.55 and Rs. 491.3.
The company received the funding of Rs. 267 Crores through IPO.
Laxmi Organic Industries Limited
Laxmi Organic Industries Ltd. is the chemical manufacturing company. The company was listed on 25th March 2021. The issue price was Rs. 130. The BSE current price is Rs. 396.45 and the current NSE price is Rs. 396.5.
IPO listing helped the company to raise funding of Rs.180 Crores.
Conclusion
The IPO market in the year 2021 has seen a great amount of growth. Many startups like Zomato, Nykaa, Paytm have entered the unicorn club through IPO this year.
IPO investing has two sides. It can be super flourishing but also a doorway to loss. So, it is necessary to do proper research about the company and the market before investing. IPO is a lucrative way that makes for company growth by making it available to the public.
FAQs
How many IPO are there in 2021 in India?
As per data by BSE, a total of 63 Indian companies went for IPO in 2021.
Which IPO is the biggest IPO in India?
The listing of LIC is considered to be India’s biggest ever IPO.
What are the top IPO funding in 2021?
Some of the top IPO Listings and Funding in India in 2021 are:
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Google Pay.
Do you want a single platform for managing UPI money transfer, phone recharge, QR code payments, bill payments, and other cashless transactions? Your search ends with Google Pay. A robust platform that enables you to go cashless, Google Pay has established itself as one of the top names in the digital payments segment. Bank transfers, sending and receiving money, online shopping, and several other services have become as easy as cracking an egg with Google Pay.
Millions of Indians now rely on this Google offering for all their payment-related needs. And the number continues to increase with each passing day. StartupTalky covers the Google Pay success story in this post. So, dive into it below:
September 11, 2015, and then renewed on January 8, 2018
Website
pay.google.com
Google Pay – Latest News
December 21, 2021 – Google Pay and Mastercard ties up to enable the GPay users to transact with their Mastercards via token, without having to use their debit card details.
Google Pay, often referred as G Pay is founded on May 26, 2011. Starting initially as Google Wallet, the digital payments platform has changed its name to Android Pay later on September 11, 2015. The app was then launched as Tez before finally settling on the name Google Pay on August 28, 2018.
Google Pay serves as a digital wallet-cum-online payment system developed by Google. The Google-powered digital payments platform enables the users to make contactless payments and purchases online via android phones, watches and tablets. iOS is another platform that supports G Pay for the users of India and the United States but with some restrictions. Google Pay works with Android Lollipop 5.0 and above.
The second most popular UPI platform in India helps the users to pay other merchants and individual users via the Tez mode, using QR codes, and through phone numbers.
The app is currently available for the users of 42 countries, as of 2021.
Google Pay was originally developed as Android Pay and was first released at Google I/O in 2015. This application was primarily modeled on Google Wallet that was released back in 2011. The technology of Android Pay was influenced by Softcard’s technology. Google then launched the payments app, Tez on September 18, 2017, pivoting the UPI system. Tez was later rebranded to Google Pay on August 28, 2018.
According to Sujith Narayanan, the Co-founder of Google Pay, it was while working on Google Tez (another offering by Google), he and his team realized that a consumer’s financial journey extends beyond digital payments. Moreover, there was a need to concentrate on the millennials in India and give them a new, fast and efficient way to handle their finances.
The founding duo finally decided on a product called ‘Google Pay’, which would redefine financial services for the millennials. Google Tez, a mobile payment service by Google that targeted users in India, laid the framework for Google Pay. Think of Google Pay as a superior version of Google Tez coupled with a plethora of offerings.
Google Pay – Founders And Team
Sujith Narayanan and Sumit Gwalani are the brains behind Google Pay.
Sumit Gwalani (left) and Sujith Narayanan (right)
Sujith Narayanan
Sujith Narayanan is the co-creator of Google Tez along with Sumit. Sujith is a veteran payments executive and has an enviable experience in the domain of financial services. He is also known as the co-founder of the neo-banking startup EpiFi. Sujith is an alumnus of the University of Calibut and Mahatma Gandhi University. Starting his career with Standard Chartered Bank, Sujith eventually resigned after 7 years as a National Sales Manager of the organization. He then joined Religare Macquarie Private Wealth as the Vice-President – Marketing and Channel Development before moving on to join Google.
Sumit Gwalani
Along with co-founding G Pay, Sumit Gwalani played an instrumental role alongside Sujith in starting EpiFi. He handled Google Tez’s operations in India. Sumit spent 12+ years at Google where he donned multiple hats. Sumit was a Research Assistant at the University of Columbia, Santa Barbara, before joining Trlokom as a Software Architect and eventually joining Google. Gwalani was a Computer Engineering student at the University of Mumbai from where he completed his Btech degree before pursuing a Masters in Computer Science from the University of Santa Barbara.
Google Pay – Name, Tagline And Logo
Google Pay is styled as G Pay. The logo of G Pay is cleverly crafted with the Google logo on one side and “Pay” on the other.
Google Pay’s tagline is “Money made simple”. A meaningful and interesting tagline, isn’t it? With Google Pay, handling money has become easier than ever.
Google Pay Logo
Google Pay – Business and Revenue Model
Google Pay does not charge its users for their access to Google Wallet. GPay allows its users to send money to bank accounts directly and for free. Previously, the company had an agenda of adding a 2.9% fee upon topping up wallets via debit card, which has been taken off.
Being a digital payments platform, Google Pay mainly collects its revenues via transaction-based fees that it collects from the online and in-app payments of the banks and merchants. Advertisements and product offers within the Google Pay app are some other revenue streams of the company. It also earns considerably by using the users’ data that it collects.
In 2017 Google Pay had earlier witnessed a growth of its monthly active users, which was recorded at 67 million. The same has presently estimated at 150 million, as of 2021.
The app has enabled more than 2.5 billion transactions and currently has got a running rate of US $110+ billion in transaction value. Moreover, it is also important to note that now Google Pay also gives the users the privilege of paying over 200,000 stores that are based in more than 3500 cities and towns, and to 2700+ online merchants.
Google Pay – Challenges Faced
With the backing from Google, one of the largest organizations in the world, Google Pay wasn’t subjected to the problems that small-scale businesses and startups face while starting out. Neither was there any dearth of resources. Though not exactly a challenge, a technical glitch on Google Pay’s app in 2020 did become a trending topic for some time.
Several users reported the app saying that their bank accounts were removed from Google Pay without any notice. Complaints on the matter were frequently posted on social media platforms. However, the issue did not bring about any serious consequences. The Google Pay team suggested that it might have been an unintentional action on the users’ part that delinked the app and bank accounts. A fix was implemented by the team and the situation was restored to normalcy. Google India issued a statement when it was asked by NDTV Gadgets 360 regarding the glitch.
Ambarish Kenghe, the Director of Product Management at Google Pay said, “We are aware that some users faced difficulties with linking their bank accounts on Google Pay today. The issue, impacting a small number of users, was identified earlier today and our teams have worked to resolve it and have implemented a fix within the hour. The issue stands resolved and users will now be able to use the app normally. Users facing any issue should reach out to Google Pay support through our app. We regret the inconvenience caused and are committed to providing our users a seamless payments experience.”
Google Pay – Growth
In the year 2018-19, there was a lot of traction with the payment products. The team launched a few new features successfully and also revamped the payment products globally. Google Pay specially focused on partnerships, ecosystem approaches as it forged deep relationships with central bank and government to build innovative products collectively. This made the products work together within the ecosystem.
GooglePay currently retains 35% market share in terms of volume and 38% of the shares in terms of values, as of October 2021. The payments gateway has last recorded 129 crore transactions, which amounted to Rs 2.50 lakh crore. Some growth highlights of Google Pay are as follows:
Google’s digital payment platform Google Pay hit 67 million monthly active users in just 2 years since it made its debut in India
Google Pay had contributed 59% in digital transactions in 2019
Google Pay is the second most popular UPI platform after PhonePe
Google Pay has partnered with numerous organizations around the world to date. Here are some of the most prominent partnerships seen by G Pay:
GPay has announced of its collaboration with SBI General Insurance, which would help the GooglePay users to purchase SBI’s Genearl Insurance plan directly via the app on October 29, 2021
The digital payments giant has partnered with Visa on September 21, 2020 to help the Visa card users to tap-to-pay, thereby securing all the transactions made via the app
G Pay partnered with 90 banking institutions from 9 nations on September 20, 2021
Google Pay is firmly partnered with India’s financial ecosystem, said the internet major on September 3, 2021
G Pay partnered with Leumi, an Israel-based bank to enable the bank’s users to use the Google pay digital wallet on September 2, 2021
Amazon Pay is a platform for digital transactions. It is similar to Google Pay in terms of functionality and features
PhonePe is popularly known as India’s leading payments app. It allows people to use BHIM, UPI, credit card, and debit cards to recharge phones and make payments
Paytm is an Indian e-commerce payment system. Paytm offers multiple services through its ecosystem; some of them are e-wallets, bill payments, phone recharges, and an online shopping store (in the form of Paytm Mall). It is headquartered in Noida, India.
Google Pay is always planning something new and unique for its users. The company has announced that it would be transforming its app into a personal finance hub for the users. This would further simplify the payment of funds to friends and family.
Google Pay – FAQs
Is Google Pay an Indian app?
Google Pay is based out of the Google headquarters in California, US. However, the payments app of Google is available for the Indian users and those who resides in Singapore and the US. Google India Digital Services Private Limited, headquartered in New Delhi, makes G Pay accessible for the Indian users.
Who is the owner of Google Pay?
Google Pay is owned by Google Inc.
Can I transfer funds directly to bank accounts via Google Pay?
Yes, Google Pay allows its users to link their bank accounts and transfer funds directly to others’ bank accounts.
A Startup is a company that is just on the verge of developing and offering services and products that are not available in the market. Startups are now becoming a significant part of every country’s economy; they are providing jobs to the people of this generation and are carrying huge responsibilities.
They are hugely contributing to the development of the socio-economic conditions of the country. Not only that, through the use of new technologies, they are providing solutions to the problems as well. Every industry is getting to see new Startups and some of them are going to be the future of that industry.
The survival of a startup hugely depends on the fund, if there is no fund a Startup can never see the daylight, it will shut down even before the beginning. So, for preventing from getting shut down, one needs to arrange funds and must invest in the business and these can be done in two ways.
One is getting money funded for the startup and the other one is through Bootstrapped. In this article, we will discuss the difference between funded startups and Bootstrapped startups and what they are all about. We will also talk about which will be a better option for your startup. So let’s get into the business.
“It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So, plan for that.”
Bootstrapped startups are those businesses, where you don’t take capital from an outside source or venture capitalist and totally depend on your own funds for the survival and growth of the business. There is no process for external funding here, you are the leader here and you need to take all kind of decision that is necessary for your business.
Pros and Cons of a Bootstrapped Startup
Pros:
The thing about bootstrapped startups is that the founder doesn’t have to depend on outside investors for the funds and the ownership solely belongs to the founder.
The founder of the business needs to just focus on the business products and services and there is no need for issuing equity.
The control of the business belongs to the founder and they don’t get succumbed to any pressures by anyone and have the control to take any important decision regarding the business.
There are no investors who can suggest and help the founder in making decisions. Plus, the lack of connections of different investors leads to a slower pace in gaining the trust of the public.
Examples of a Bootstrapped Startup
GoPro
GoPro Logo
This company is one of the best brands out there for selling personal cameras that capture video photographs was first founded in the year 2002 by Jill Woodman and Nicholas Woodman. It is a successful bootstrapped startup that has now become a big company that sells high-definition personal cameras.
Nicholas Woodman got the idea of making such cameras that can shoot action photography while he was on a surfing trip to Australia. He funded $10,000 from his own pocket to his business. He did many jobs such as emailing and truck driving and at last, he was successful. In 2004 his company, GoPro sold the first analogue camera of 35mm.
GoPro First Camera
Zerodha
Zerodha Logo
A popular example of a bootstrapped startup in India is Zerodha, Zerodha is an Indian financial services company founded in 2010 by Nithin Kamath and Nikhil Kamath.
Nithin Kamath started trading in stocks at the age of 17. When the market crashed between 2001 and 2002, he lost 5 lakh rupees. He still continued to trade in stocks and later started his own brokerage Kamath & Associates. In 2010 he founded Zerodha.
Now the company has a revenue of 1,093.64 crores INR and is valued at $2 billion. The founder of Zerodha in a series of tweets explained why the company doesn’t raise any funding.
Nithin Kamath Tweet on Why Zerodha does not raise Funding
While starting a business, an amount is needed as an investment. There are some startups who decide to raise amounts from the public as the fund for the company. Here you look out for investors also known as venture capitalists, who are actually interested in your business and they provide you with your required amount of capital in return for your company’s equity.
Pros and Cons of a Funded Startup
There are some advantages and limitations that one faces when they chose to raise funds from the public for their business and they are:
Pros:
Funding from outside provides businesses with lots of opportunities related to finance which in turn becomes a big factor in the fast growth of their business.
The Investors who are funding the business guide the owner of the startup with their experience, if the need arises.
The connections of these investors can be a plus point for the startup and it can help them in earning the trust of the public.
Cons:
When external forces started involved in the business, decisions related to payments, finance, equity by the startup founder become limited.
The founder loses a big amount of the company to the investors and thus holds a very small part of it.
Example of a Funded Startup
Flipkart: Funded by Venture Capital
Flipkart Logo
This online shopping website was founded by Binny Bansal and Sachin Bansal in the year 2007. The online E-Commerce company that started its journey by selling books now sells everything. In the year 2018, Flipkart got its first fund from Junglee and Helion Venture’s founder Ashish Gupta. After that, Flipkart received $10 million from Tiger Global Management. Tiger Global Management is an American investment firm.
Flipkart keeps getting bigger and bigger with various investments by the investors It even acquired Myntra in the year 2014 for $270 million dollars. In 2018 Walmart acquired Flipkart and became the fund provider of the business and Walmart now owns almost an 82.3% stake in the Indian E-Commerce giant. It has raised almost $12.6 billion. As per reports, the current value of Flipkart is $37.6 billion as of 2021.
Funding Vs Bootstrapped Startup: Factors That Entrepreneurs Must Consider
In the choice between funding and bootstrapped, one must decide what they want with their business. Here they need to consider some factors that would help them in deciding between funding and bootstrapping. Those factors are:
Objective
The main aim of your business is one of the prime factors that help you in deciding the future of your startup. If you just want a profitable business, bootstrap is the option for you. On the other hand, if you want your business to have maximum revenue growth then, external funding is the answer.
Pace of Growth
When you are the only one who is investing in your business, the growth will be slower in pace. As the resources you have, including the financial ones, are limited in nature. While funded business provides resources like new connections and finances thus the growth is way faster.
Control
In a Bootstrapped startup, you have control over your startup. Whatever the important decision is, your call is the last one. On the other hand, funded startups don’t give you that much freedom, where you can take the final decision for your startup as it involves the investors who are funding your business.
Conclusion
In the end, the decision of choosing between funding and bootstrapping is yours. If you decided to bootstrap your business, in the future you can go for funding as well. Whatever you do, you need to consider the factors while making the decision, because the survival of your business depends on this.
India is known to have the third-largest startup ecosystem in the world. According to the Nasscom report, the country will have more than 50 unicorns by the end of 2021 and more the 100 by 2025. This growth has only been made possible because of the venture capitalists, angel investors, businessmen and high net worth individuals that have been funding startups that have potential.
Bollywood celebrities like Alia Bhatt, Suniel Shetty, Shilpa Shetty Kundra, Madhuri Dixit Nene, Anushka Sharma, Katrina Kaif, Deepika Padukone, Aishwarya Rai Bachchan and Sonu Sood have also been investing for the past few years to give their career another direction.
Deepika Padukone is one of the highest-paid actresses in India and among the 100 most influential people in the world, according to 2018 Time Magazine. She is the daughter of Prakash Padukone who is a well-known badminton player in India.
Deepika Padukone is known for her work in movies like Om Shanti Om, Yeh Jawaani Hai Deewani, Piku, Bajirao Mastani, Padmaavat, Cocktail, Chhapaak, etc. The actress has spoken up for issues such as Feminism and Depression, designed her own line of clothing called All About You and has been a celebrity endorser for brands and their products.
Besides that, she is also the chairperson of the Mumbai Academy of the Moving Image and also the founder of the Live Love Laugh Foundation bringing awareness about mental health.
Deepika Padukone is now not only an investor but is also involved with the brand strategic decisions. The actress investments are made through the KA Enterprises which is her family office, in which she is a co-director along with her father Prakash Padukone. Through KA Enterprises the actress has invested in many startups such as Epigamia which is an FMCG brand of yoghurt products, FrontRow a hobby based EdTech startup, Blu Smart an electric taxi startup and even Bellatrix Aerospace which is an Indian space tech startup.
Bellatrix Aerospace is an Indian private aerospace manufacturer and a small satellite company that was established in 2015. The Spacetech startup was founded by Rohan M Ganapathy and Yashas Karanam and is based out of the Indian Institute of Science in Bengaluru, Karnataka.
The company is known to be evolving and growing in order to develop key technologies in electric propulsion, new generation propellants and launch vehicles. The company plans to launch its own rocket named Chetak in 2023, the speciality of this particular rocket is that it is powered by Aeon engines and that it uses liquid methane as fuel.
The Space tech startup has so far raised over $3 million in a Pre-Series A round from venture capitalists like IDFC Parampara, Karsemven Fund, StartupXseed, Survam Partners, and actress Deepika Padukone through KA enterprise, etc.
The funds generated will be used to expand its team and will help them demonstrate its thruster technology in space. The company has also partnered with Skyroot Aerospace in February 2021. The Bengaluru based startup is now reviewing NASA and European Space Agency standards in order to make their tech reach the global standards. The company aims to build its own launch vehicle and make water-based propulsion systems.
The startup is currently working on building an electric-based propulsion system which is the Microwave Plasma Thrusters (MPT). This supposedly will help their clients to take bigger payloads into space at a lower cost. The MPT propulsion system is also more eco-friendly, lightweight and costs less than compared to the chemical propulsion system. ISRO (Indian Space Research Organization) is now on board to help develop this technology. According to the founder Rohan Ganapathy, Bellatrix will soon be setting up its offices in the US and Europe.
Blu Smart is an electric taxi startup founded in October 2018 by Puneet Singh Jaggi, Anmol Singh Jaggi and Punit K Goyal. The startup claims to so far have more than 20,000 customers in the Delhi NCR in just 3 months from its launch, scaling its ridesharing fleet to more than 200 electric cars. By 2019, the company has scaled to over 500 cars in Delhi and Mumbai making it the largest all-electric B2C ridesharing company in India and top 3 in Asia.
An example of the BluSmart car
The company is headquartered in Gurugram, Haryana; while it’s creating many job opportunities for drivers with a monthly revenue stream. Blu Smart is slowly transforming metropolitan cities in India by providing 100% electric, sustainable and most reliable mobility solutions.
Blu Smart is aiming to make an all-electric ecosystem with funding from venture capitalists and partnerships across automotive, infrastructure and energy companies. It also is planning to board more than 15,000 electric cars and 2500 chargers on the platform by the end of 2021.
Thecompany generated $3 million funds from Deepika Padukone who invested through her family office KA enterprises, along with other investors like JITO Angel Network, Sanjiv Bajaj and Rajat Gupta from Bajaj Capital, Survam Partners and Rajesh Agarwal from Micromax.
According to Punit Goyal the co-founder of BluSmart,
“Blusmart is focused on providing superior mobility experience for its customers, cost savings, passenger safety and security. Our innovative mobility allows customers to travel whenever they want without the hassles of car ownership and stress of finding parking spots in densely populated urban areas.”
FrontRow is an ed-tech startup that is based in Bengaluru and Mumbai with a 20 member multi-disciplinary team. The company was founded by Shubhadit Sharma, Mikhil Raj and Ishaan Preet Singh who were executives from the startup ecosystem before coming together and starting FrontRow.
The Bengaluru based startup wants to make non-academic learning accessible and affordable for Indians in rural areas by getting funds from high profile investors. The company enables everyone to pursue their passion and learn from the best professional experts and celebrities.
FrontRow claims to be Building ecosystems around passions like comedy, cricket, dance, music, cricket and fitness among others. There is a huge demand for learning non-academic subjects in India. This is why each course it provides contains 15 to 25 video lessons available at affordable prices like Rs. 500.
These courses are taught by experts in that field like for example Singing is taught by Neha Kakkar, Standup Comedy taught by Biswa Kalyan Rath, Batting by Suresh Raina, Bowling Bhuvneshwar Kumar, Rap by Divine, Music composition by Amit Trivedi, etc.
Frontrow Website
Ishaan Preet Singh the founder of the startup says that they will be many more courses coming in 2021, and will also be doubling down on the categories. The company is bridging the gap between urban and rural cities by providing offline and online video lessons.
It is also allowing its users to participate in daily challenges, peer to peer interactions, collaboration opportunities and activities featuring celebrity’s judges also receive feedback and tips from their mentors. FrontRow is also planning to expand to other channels like B2B partnerships besides the D2C one.
The company is targeting hobby learning which is the Ed-tech sector’s next big thing. This is why the company managed to raise a seed funding of $3.2 million from Investors like Lightspeed India, Elevation Capital and Deepika Padukone through KA Enterprise.
In an interview, Deepika mentioned her reason behind funding this startup saying that,
“If there’s one thing I wish I had access to while growing up, it would be a platform like FrontRow, because its gives access to abundant knowledge in non-academic fields and connects them to a community of peers and professional of the fields of interest”
Epigamia is an FMCG startup that was launched by Rohan Mirchandani, Uday Thakker, Chef Ganesh Krishnamoorthy and Rahul Jain in 2015. The company first started out being a Greek Yogurt brand and then went on to expand its products to artisanal curd, snack pack, Misti Doi and even smoothies.
Epigamia markets its products through 21 different stock keeping units and 7000 retail stores which include Big Bazaar, Godrej Nature Basket, Big Basket, Amazon, Reliance Fresh in metropolitan cities like Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, Ahmedabad and Kolkata.
The journey of Ghee spreads with Deepika Padukone
The company has so far created more than 21 different products and plans to scale all over India and enter 50,000 stores in the coming years. The FMCG market is currently over $1.2 billion dollars, over 6% of the orders come from metro cities ordering through online channels of the FMCG total sales.
The FMCG market in India is estimated over $104 billion in the year 2020 and is said to be growing at the rate of 28%. This is why Deepika Padukone decided to invest in the company in May 2019.
The company has so far raised $51 million from investors like Verlinvest, Danone Manifesto Ventures, DSG Consumer Partners and Deepika Padukone from KA Enterprise in the 3rd round of funding.
According to Rahul Jain the co-founder of Epigamia, the company aims to increase its consumer base and added that, “We believe that our association with Deepika Padukone will go a long way in making people aware of our brand and product. Deepika is a perfect fit to bring to life the brand ideology.”
In a recent interview, the actress also stated that “not only do I love the products that the company makes but also connect very strongly with the brand philosophy, the team has big plans for future expansions and I am excited to be closely involved as we make new products and enter new cities.”
The most recent product the company made was the Chocolate ghee spreads, which was marketed by Deepika Padukone as it was her idea to mix ghee and chocolate together. Deepika along with Epigamia also made an Instagram challenge called #DigSwirlSpread which took Instagram by storm, advertising the company and its products instantly.
Deepika Padukone, a global Indian icon, and other investors led a $2.6 million USD pre-series A investment for Supertails.com.
Supertails.com, a Bangalore-based digital pet care start-up founded by Mr Varun Sadana, took an entry into India’s fast-developing pet care sector. Supertails.com is a one-of-a-kind platform that serves the growing pet parent community by offering dependable veterinarian services and a one-stop-shop for pet food and supplies.
Supertails.com is distinguished by its one-of-a-kind offering of a fully digital telehealth consultation service provided by a team of highly skilled in-house veterinarians. The brand strives to bring pet parents closer to the widest choice of pet supplies from India and around the world, with doorstep delivery services available across the country.
Supertails.com seeks to enrich this new adventure for them with items and services that they need the most as more people join pets to their families. The founders of Supertails.com and their team of pet care specialists and enthusiasts are united by a tireless love for the pet care ecosystem and a mission to make India a pet-friendly nation.
Frequently Asked Questions
Who is Deepika Padukone?
Deepika Padukone is one of the highest-paid actresses in India and among the 100 most influential people in the world according to 2018 Time Magazine.
What are the startups funded by Deepika Padukone?
Deepika Padukone has invested in many startups such as Epigamia which FMCG brand of yoghurt products, FrontRow a hobby based ed-tech startup, Blu Smart an electric taxi startup and even Bellatrix Aerospace which is an Indian space tech startup.
What is the clothing line of Deepika Padukone called?
The clothing line of Deepika Padukone is called All About You.
What is the net worth of Deepika Padukone?
The net worth of Deepika Padukone is Rs. 103 Crore.
What is the KA Enterprise?
KA Enterprises is the family office, in which she is a co-director along with her father Prakash Padukone. The actress funds startups through this office.
India’s startup ecosystem is booming with innovations and passion that has made the country to be the third largest when it comes to market size. Inevitably, it has attracted a lot of investors to the industry as the returns and the revenue will be humongous if the startup becomes successful. However, starting a business and expanding it is a humongous task.
The amount of uncertainty and risks involved makes it difficult to get funding for a business. The first thing that you need before starting a business is seed funding. It is the total sum of money that you need to cover the expenses related to expansion, product development, market research et cetera.
Amongst the different stages of funding that every startup has to go through seed funding can be considered as the initial stage. The major intention of the very idea of seed funding is to obtain enough working capital so as to start the business grinding. There is absolutely no doubt that seed funding is the default process of any business.
The right kind of pitching to the right person or company at the right time is the popular and yet the secret ingredient behind finding an investor to fund your startup. You might not get your pitch approved on the first try. However, always remember that every interaction with a prospective investor is an opportunity to improve yourself. Here are a few places where you can approach to get seed funding for your startup.
Startup India Seed Fund Scheme (SISFS)
Startup India Seed Fund Scheme is an initiative by the government of India that aims at improving entrepreneurship across India. By recognising the need for capital at the nascent stages of an enterprise they provide financial assistance to startups.
It covers areas like content development, prototype development, product trials, market entry and commercialisation.
This scheme ensures that they facilitate the entrepreneurs to shape their startups in such a way that they will be capable of raising investments themselves from venture capitalists, angel investors or through loans.
This initiative by the government of India is under the Department for Promotion of Industry and Internal Trade or DPII. Their call for applications is open throughout the year.
NIDHI-Seed Support System (NIDHI-SSS)
The National Initiative for Developing and Harnessing Innovations – Seed Support System or NIDHI – SSS of the Department of Science and Technology hosts seed funding with a corpus of 10 crores under the Entrepreneurship Development Centre.
They provide financial assistance to those startups that have with them; promising ideas and technologies. This Seed Support System is considered to be a bridge for the startup between its development and commercialisation.
The financial assistance includes product development, testing, test marketing, mentoring, professional consultancy, IPR (Intellectual property rights) issues et cetera. The selected startups are incubated at the venture center and must have completed three months of residency at the place during the time of seed fund investment.
Idea2PoC is the scheme of startup policy of the government of Karnataka. Under this scheme, startups receive early-stage funding for their ideas and concepts that are yet to be released.
With the objective of encouraging innovators to commercialise their inventions, the scheme gives grant in aid up to 50 lakhs rupees. The fund is released as per their requirements and milestones of the project that are agreed upon in the memorandum of agreement that is signed between the respective startups and the Karnataka Biotechnology and Information Technology Services (KBITS)
Seedfund
Realising the need for a reliable help center to facilitate seed funding for the budding startups. Seedfund was established in the year 2006 by Bharati Jacob, Mahesh Murthy and Pravin Gandhi.
After being joined by Paula Mariwala and Sanjay Anand Ram, they have revolutionised the investment experience for a plethora of startups. They have seeded diverse startups belonging to different sectors across India. Red bus, Car Wale, Jeevanti and Valsalya etc are a few popular startups funded by them.
Khosla Ventures was founded in 2004 by Vinod Khosla and this firm provides venture assistance and strategic advice to those entrepreneurs who are working on breakthrough technologies.
One thing that makes them stand out from the rest of the firms of their kind is its broad range of areas that covers, including consumer, enterprise, advertising, financial services, big data, agriculture, robotics, sustainable energy et cetera.
For a person who has an amazing idea that has significant potential with a strong team then Khosla ventures will be an excellent option.
Angel Investors
You can find angel investors who are accredited investors with a high net worth and a passion for investment. Mostly these people will be working towards diversifying their portfolios through investments in startups.
Apart from funding, their experience in the industry will also give a clear understanding to the entrepreneurs about the timelines required, the funding required and the mismatches in your nascent plans
Friends and Family
Apart from the government, investors and corporate firms, family and friends of the entrepreneur can also invest in the startup. It is one of the most common ways in which people obtain seed funding recently. The flexibility with the timeline of repayment is one of the most important factors that has popularised this form of seed funding.
Crowdfunding
Cloudfunding is another popular form of gaining capital for seed-stage startups. Today there are more than 500 websites that help entrepreneurs to raise crowdfunding for their startups.
A website named Kickstarter is one of the most popular websites for people looking at the source of obtaining seed capital. According to various reports, this website raises billions of dollars through them for various startups.
Conclusion
Getting a clear idea of your business and seeing it materialise and expand is a dream come true for all entrepreneurs. Getting the seed capital is the foundation for all the dreams that they have built.
One thing that is to be kept in mind before venturing into any of these options for procuring funds is to have a clear formal business plan. The entrepreneurs should have a very clear idea regarding the product, product development and project timeline.
Another thing to be noted is that seed funding is only for the initial stages but for the years to come as well. An entrepreneur who makes strategic plans should be able to make use of the initial fund to be capable enough to raise for their investments on their own.
FAQ
How many rounds of funding can a startup take?
A startup can receive as many rounds of funding as possible, there is no restriction on it.
How to raise seed funding for Startups?
Angel Investors, Family and Friends, Crowdfunding, Incubators, and Accelerators are some of the common ways to raise seed funding for your startup.
Why do startups raise funding?
Startups usually raise funding to expand an grow their startup.
Kolkata is prominently known for its culture and creativity. With its incredibly talented people, tradition and culture, it is one of the very fascinating cities in India. But, have you ever considered it the right place for startups? No, right! But, to boost your knowledge, Kolkata is the hub of incredible startups in India. With the evolving generation, this city has encouraged numerous innovative startups that came out to be a great success.
In India Hyderabad, Bangalore and Pune are considered the top cities for their innovative technical endeavor. However, over the past few years, Kolkata has grown into the hub for the most exclusive startups in India. And, for the support of these startups, Kolkata has been developing great assistance from the incubators.
There are tons of creative ideas and innovative business models being prepared every year in Kolkata. It provides technical and financial assistance as well as a great customer source by its people. Kolkata has raised a massive increase of entrepreneurs, advanced businessmen, investors and others belonging to the market field. These have initiated the wave of creation and innovation in Kolkata.
With the massive increase in the number of startups in Kolkata, it has provided some great incubators that offer guidance, mentorship, financial and physical help, and many more services to the startups.
In this article, we present you with some of the Top startup incubators in Kolkata.
The Indo-US collaboration, Kolkata ventures, built to increase and grow entrepreneurship in India. It is well known for its incredible virtual incubation programs to strategize your business model and support the initial stages of your business to make it grow and compete in the market.
Kolkata ventures help you to develop and scale up with the guidance of experts and also, provides you with access to various resources that are required for the startup without any worry about working from a particular locale.
Kolkata ventures offer some incredible startup resources that include Technical development, UI/UX designing, HR, legal analysis and many more. Also, it looks after the proper guidance and resources that the startup could get, especially from companies like Amazon Web Services, Google and Paytm. These companies invest in startups for over $5000 per month. Kolkata ventures focus on providing the best mentorship and guidance to different startups.
Neotec Hub
Neotec Hub Website
The very prominent startup incubator, Neotec Hub is supervised and backed by Ambuja Neotia Group. Neotec Hub was founded in the year 2017 in Kolkata and has served several startups with its amazing services and offers.
Neotec Hub works by organising a long program of around 12 months which focuses on providing several incredible developing strategies and offers. These include access to workspace, networking opportunities, offering mentorship, funding, and access to market leaders. Neotec Hub has served many startups and gave promising outcomes.
The very empowering and leading startup incubator in Kolkata, Freeset Business looks after the challenges faced by communities with chronic poverty. It provides them with economic development and empowerment by offering employment to them.
Freeset Business Incubator has been working for a huge range of services and offers to support the employer and development agencies that create employment for such communities.
Freeset Business Incubator is a very prominent business incubator and looks for investing in the meaning of employment opportunities. It has been serving many great programs that include:
Business Development
Vocational training
Preparation for job
IIM-C Innovation Park
IIM-Calcutta Innovation Park (IIMCIP) is well known for its incredible service of incubation programs. It was formed by the patronage of IIM Calcutta. IIM-C Innovation Park works by encouraging young people to bring innovative ideas and supports the entrepreneurs for their business research and development.
IIM-C Innovation Park aimed to incubate more than 100 startups by 2020 in Kolkata. It encourages and supports startups with various services such as funding, provides knowledge, network services, mentoring and guidance. These are the basic requirements for any startup to grow and begin its way to success.
Fincubation
The very promising and resourceful incubator, Fincubation, counts the financial professionals within itself. Initiating a business in the financial sectors could be very tacky but contributes quite significantly to the economy of India.
Fincubation was built by a group of IIM, IIT alumni and it promotes entrepreneurs with their exclusive business model and idea for financial technologies. Fincubation provides proper guidance and support with several programs and services that include:
Guidance from an expert at the initial stage of business,
Assistance in fundraising,
Mentorship from IIM Alumni (entrepreneurs),
Expression of infrastructure for administering any business, and
Facilities to develop your business into a big brand.
The very promising and developing Tata Social Enterprise Challenge Incubation is an incubation program offered by the partnership of Tata and IIMC. It was founded in the year 2012 in Kolkata, India. It has served several startups with its various forms of offering and assistance.
Tata Social Enterprise Challenge Incubation works for the development of startups by fulfilling the proper basic requirements. It serves by providing membership, connections to funding sources, physical as well as virtual incubations, networking, several training programs, proper open workspaces, legal/IT/Secretarial services, and much more other assistance and services.
FAQ
What is the biggest incubator in India?
Cisco Launchpad is one of the biggest Startup Incubator in India.
What are incubators in startups?
Startup incubators help startups grow their business. Incubators are usually non-profit organizations, which are usually run by both public and private entities.
How many startup incubators are there in India?
There are a total of 250 Startup incubators in India.
Conclusion
Entrepreneurs face numerous kinds of challenges such as resources oriented issues or social and political issues. Therefore, Kolkata provides its entrepreneurs with extremely beneficial services.
It prepares its startups (technical based) in such a manner that it gathers the interest of several international as well as domestic investors and also, to the audience who are willing to spend their money for exploring a great deal of advanced products and services.
Therefore, the rise of startups in Kolkata is the beginning of a new era that would surely develop the city with advanced technologies. That’s why it’s becoming the hub of startups. And for these startups, tons of incubators and accelerators are building. Kolkata offers a great opportunity for entrepreneurs to build their career and business.
New York is well-known for its incredible facts as being one of the world’s biggest cities. Also, the leading financial capital counted in the world. New York is one of the hottest cities for starting a startup. With more than thousands of creative and innovative ideas in mind, the city is filled with absolute talent and even more huge customer sources.
New York is considered the hub of the most exclusive and hot startups. For such purposes, New York City has gathered and built tons of incubators and accelerators. These are rising and gaining more fame around the startup teams and communities.
Incubators are an essential requirement for startups to develop more prominently by building and designing different programs. Also, it provides the necessary initial guidance and resources that are very essential for any startup business.
The biggest advantage that comes with incubators are you get to engage and explore several other entrepreneurs and mentors who guide you perfectly with their experiences and business skills. These become very important for any startup to grow and develop.
In this article, we present you with some top incubators that are available in New York City. Stay tuned!
One of the very promising and leading startup incubators in New York City which works for the cleantech businesses. This startup incubator holds on to the concept of combining capital, people and purpose. Urban Future Lab has been very promising with its clients and has received several appreciation and success.
There are around 62 startups that are incubated through Urban Future Lab. Also, they have raised more than $670 million of funding for young businesses. It focuses on earning potential and sustainable company and has a success rate of 87%. Urban Future Lab is very popular startup incubator in New York City and working for more development worldwide.
The Grand Central Tech
The Grand Central Tech is known for its incredible services of no renting and no equity. This is widely popular among entrepreneurs as it offers several programs such as a one-year startup in residence. It attracts and gathers some great business startups. If counted, The Grand Central Tech has incubated more than 95 startups. And, these startups have raised funding from various venture capitalists, of around $35 billion.
The most fascinating thing about The Grand Central Tech is that it offers great support and encouragement to women entrepreneurs and has succeeded in raising some incubating a major number of startups led by women entrepreneurs.
The Grand Central Tech holds some very prominent partners for the accreditation of its programs, those include Amazon, Google, Microsoft, IBM, JP Morgan and many more. Its offers and services have been proven very beneficial.
The leading firm, FinTech Innovation Lab looks after the mentorship and communication utilising programs. Also, it offers some great deals to help the startups to improve and grow. FinTech Innovation Lab offers various programs that operate within a period of 12 weeks and also, incorporates product feedback, workshops and meetings to encircle a huge range of subjects, weekly.
FinTech Innovation Lab provides opportunities to the startup’s companies to engage and present their business models and technology to various journalists, investors and many more interested people who belong to this field. FinTech Innovation Lab is a leading firm that has succeeded in developing several startup businesses.
Business Incubator Association
Business Incubator Association works by networking or connecting various startup incubators of New York City, some investors and also, the entrepreneurs. It focuses on providing and ensuring startups the connection with investors, gathering incubators for investors and preserving the funding of incubators from the budget of NYS.
Business Incubator Association aims for serving and offering assistance, guidance to as many startups as possible. It looks after the profit and innovation of the startups.
The Business Incubator Association has around 90 distinct startup incubators in New York City. It offers various virtual business incubation programs that work to encourage and support startups belonging to different domains.
Innovate518 is known as the hub of innovation in the capital region of New York City that includes Albany, Greene, Saratoga, Columbia, Rensselaer, Warran, Schenectady and Washington counties.
The incubator is majorly supervised by The University of Albany that provides various services to the startups such as tax incentives and funding at the initial stages of the startup.
Innovate518 looks after the development phases of your startup and provides you with services according to it. It provides several business and financial plannings, legal guidance and mentoring programs, guidance in the commercialization areas, admission and many more. Also, it guides startups with copyright and intellectual property.
Innovate518 provides funding from different sources such as the Chamber of Commercial help, angel investing, Albany SMB development centre and others.
FAQ
How many startup incubators are there?
The U.S.-based International Business Innovation Association estimates that there are about 7,000 incubators worldwide.
What is a startup incubator?
A startup incubator helps new startups that are at a very early stage to grow and succeed. Incubators are designed to help entrepreneurs deal with most of the problems associated with launching a startup.
What is the difference between an incubator and accelerator?
Accelerators focus on scaling a business while incubators are often more focused on innovation.
Conclusion
New York City has one of the biggest startup communities. And, for this New York City provides every possible thing that is required for the startup. These include a huge number of accelerators and incubators, a great number of customers and different additional founder-friendly communities. These are the basic requirements for any startups and therefore, New York City has tons of such services and assistance.
New York City has always been splendid with its development, talents and people. It encourages and supports young minds that have great innovative ideas. It provides such minds with the complete service required for the beginning of any startup. There are tons of startups with great innovative business models. Therefore, it has numerous advanced incubators and accelerators. Through this article, we provided you with some of the top startup incubators in New York City.
The days of retail stores have been on a decline, while online businesses and enterprises have risen exponentially in the previous years. This pandemic has also played its part in the rise of online marketplaces, whilst generating a need for online stores. Flippa helps people who requires an online store and those who want to sell websites, templates and domains by connecting them as a marketplace to buy and sell such amenities.
If you are a developer, Flippa helps you sell domains, starter templates, established websites, online businesses, and starter mobile applications. However, if you’re not so experienced in building your own online application, Flippa caters to your needs by introducing you to a variety of online business sellers, so you can decide what’s best for you.
Find the appropriate valuation for your digital asset through SDE.
Sell a blog, e-commerce site, SaaS, and make the most out of your skills.
Flippa lets you negotiate with buyers.
Flippa offers safe transaction through their integration with Escrow.com.
Flippa is an amazing platform to sell digital assets, not only for the above mentioned reasons, but also because you can showcase your experience, benefits and earnings to get the best customers which would otherwise be a hitch.
Moreover, Flippa offers you two different ways of selling your online asset, that is, by setting a fixed price, and by auction. The businesses with a valuation of about $100,000 often prefer a fixed price, while those with a greater valuation usually go for auction. Auctioning stirs a sense of urgency among the buyers since it is available for a limited time frame, and hence helps achieve a higher price for the business.
Why purchase an Online Business
Since the pandemic, demand for online business has skyrocketed.
Online business gives you a greater visibility, without any concern of location.
You can ask the seller for read only access and proof of revenue, and evaluate if it suits your business needs.
You get a thorough detail of all business prerequisites, marketing initiatives, and operational costs the business.
Buying an online enterprise, be it content based, domain, or an e-commerce site, is not just about making profit. Running online business comes with its own set of highs and lows, catering to the needs of your customers and constant maintenance of your website. You have to continually look for ways of generating more revenue, legal risks, technical knowledge to keep your enterprise updated and growth opportunities. Once your business has enough customers, the curve thereafter rises exponentially.
Services Offered by Flippa
Due Diligence
This is an assessment and verification service that Flippa offers for the online asset which a seller posts for sale. This service is offered in three different pricing, each of which focuses on a certain aspect of the enterprise.
Red Flag Report
Standard Report
Enhanced Report
Costs $1000 for one year analysis
Costs $1000 for two year analysis
Costs $1000 for three year analysis
Report is 12-15 pages long
Report is 21-25 pages long
Report is 26-35 pages long
Report analyses high-level risks and opporttunities
Focuses on risks and high-level opportunities with traffic information
Analyses detailed risks, opportunities with financial and traffic information
Preffered for enterprises with valuation upto $30000
Preffered for enterprises with valuation between $30000 and $200000
Preffered for enterprises with valuation over $200000
Flippa Finder
Flippa Finder is a service for new buyers to find the perfect product, which would best suite their online marketplace. It comes at a cost of $50 +2.5% acquisition fee, which is payable once the purchase is done. Flippa Finder offers an hour long analysis of suitable products, prices to offer, and exploring the platform along with a list of products suitable for your description with pros and cons of each. It also helps you analyse and negotiate to win the best deals.
Online Enterprise Broker
There might be various reasons to need a broker. Flippa provides affiliated brokers with prior experience in finding you the best deals, as well as showcasing your product with every advantage and edge. Sometimes, procuring the best deal is all about how your product is presented before the buyer, and sellers might not always have the best ideas in this part, which is where brokers come in. They know where to look, what qualities to present and the appropriate valuation of your product. There are various brokers working with Flippa since as long as 2010, and are the perfect amenity for those who can not find time to go through all the searching and negotiations.
Financing
Flippa offers financing solutions such as SBA loans and 401(k) business financing for small business acquisitions. The prerequisite for 401(k) assistance is a funding of $50,000 and for that of an SBA loan is a credit score of 690 or above. The financing is as easy as following three easy steps.
Undergo the assessment by Flippa to find out the perfect financing option.
Interact with a financing expert to be on the safe side.
Get the financing and start your online business.
Flippa Valuation Tool
Business Valuation
Finding an appropriate valuation for your business is at times hard. Flippa offers a free enterprise valuation tool to give insights as to increase your product’s sellability and reach through an advanced enterprise pricing model. With up to 30,000 new buyers monthly, Flippa gives you the best exposure. The sales data that Flippa uses for valuation of a business or enterprise is unparalleled. It uses the data to compare the business model, category and time for which the business has been running, so it can furnish you with a fair price.
Listing and Upgrade Pricing
The initial listing fee for your online asset is fixed for your convenience, represented accordingly:
Along with the listing, Flippa offers a number of upgrades to your product to boost your reach, sellability and valuation. These upgrades come with a one time charge, and offer assistance in different domains as listed below.
Premium Boost
Marketing Boost
Ultimate Boost
Newsletter Boost
Costs between $65 to $295 depending on the asking price
Fixed cost of $395
Fixed cost of $545
Costs $95 for domains only
Offers an optimized marketing exposure
Promotion on social media targeting buyers
Homepage banner for one week
Access 110000 domain buyers
Assured response time of the same day
Advertise your product through a video
200 character ad featured in the Newsletter
Get to feature in the weekly Domains Newsletter
Listing is posted on partner sites along with blog posting
Confidential Listing
Many a times, a buyer would prefer to keep their personal information such as their business name and URL confidential. Flippa offers a ‘keep my listing confidential’ option while listing for keeping your details hidden. If you opt for confidentiality creating a listing, the buyers won’t be allowed to view your name, business name, URL, and financial attachments unless they have a registered Flippa account and have signed a Non-Disclosure Agreement with regards to your information approved by you.
Post Sale
Once the offer is accepted, the users are redirected to Post-sales Completion area. This helps in discussion over the online enterprise, its operation, its transfer and other related questions. Thereafter, the transfer of assets takes place, with Escrow for thorough protection, throughout the transfer.
Flippa is an amazing platform to sell digital assets, not only for the above-mentioned reasons but also because you can showcase your experience, benefits and earnings to get the best customers which would otherwise be a hitch.
What is the founder of Flippa?
Matt Mickiewicz
When was Flippa founded?
2009
How much does it cost to sell on Flippa?
Flippa charges $15 per month. A success fee is payable with a successful sale. This fee is dependent on the achieved sale value.
As per the 2018 census, India has a population of 135.26 crores. Of these 135.26 crores, approximately 25 crore students live in India. There are a lot of students out of 25 crore who are worried about their studies and their career path. Many don’t know what to do after they complete 10+2. Management problems also face many students at times. Univariety is the app that provides guidance to the students concerned. Guidance related to their careers as well as choosing colleges through various tools, counselling, etc.
Read the Univariety success story below to know more about Univariety Funding, Business model, Growth, revenue, competitors and more.
Univariety is a unique guidance platform for students. It offers the schools an unparalleled service experience in the form of a comprehensive career and college guidance solution for the students, counsellors, parents and also the school management system. Univariety aims to be a marketplace with students in the centre for the college admission process. It’s the leading career counselling and college guidance platform for schools. The mission of the company is to help the students to get admitted to their dream university.
Jaideep Gupta is the founder and CEO and Varun Aggarwal is the COO and Co-founder of Univariety.
Jaideep Gupta Founder & CEO, Univariety
Jaideep Gupta is the leader to drive the force behind the scenes. He pursued his BBS in Finance from Delhi University. Then he did his MBA in Finance and Strategy from the SVKM’s Narsee Monjee Institute of Management Studies. He worked as a Derivatives Trades Analyst at the GE Corporate Treasury. He was also selected to be a part of the premier leadership program. He also worked as the Associate Director at Ernst & Young Corporate Finance. He was selected as the Senior Manager & Area Director and Vice President for a few years. Presently he is at Singapore working at Univariety.
Univariety – Tagline And Logo
The tagline of Univariety is Discover and be discovered.
Univariety collects a fee for connecting the capable students to the universities. Each program has different modules specifically designed for the different types of students. Their programs are divided into ages or classes of students, and also have different programs at different prices. There are programs starting at Rs. 2,000 and going up to Rs. 1,225,000. Students can also take various types of tests in order to get the best guidance. Business management is a very important thing here. Relevant knowledge, essential skills are necessary to understand the economy.
Univariety – Funding And Investors
Univariety has raised a total amount of $3 Million in funding over the 2 rounds. It is funded by Info Edge.
The top competitors of Univariety are GetmyUni, MapMyTalent, CareerGuide, CollegeBol, MINDLER, CollegeSearch, and Careerfutura.
GetMyUni is a platform where students can apply to get admitted into top colleges of India. It also gives details about the fees, courses, scholarships, placements and reviews.
MapMyTalent is a career counsellor expert that offers guidance based on scientifically designed Aptitude Test.
CareerGuide provides instant career guidance to the students. It also enables users to browse career options.
CollegeBol is a platform that helps the students to select a college. Based on the course wise reviews and ratings. These are given by the former or the current students of India.
MINDLER helps the students to find the perfect career, college, stream and courses. It takes the help of India’s best counsellors to perform the task.
CollegeSearch provides information to the students about universities and examinations. It also helps the students to compare colleges and universities.
Careerfutura provides career counselling in an innovative way. It also provides the Aptitude Test to the students.
The journey of the company began in 2011. In between the years 2015-16 the company crossed 100+ partner schools. In between the years 2016-17 the company again crossed 350+ partners school mark. In between the years 2017-18 the company became a proud addition to the Info Edge Private Limited family. Info Edge will invested twice in the span of 3 years. Usually, the company uses the fund to make its tech stack strong and increase its customer base. Univariety’salumni network includes 75000+ students, over 350 partner schools, and more than 200 active universities. Univariety has conducted more than 50,000 Psychometric Tests. Over 1,50,000 counselling sessions have been conducted. Univariety’s growth can be seen in these statistics.
Almost everyone dreams about a golden career of their own after 12th boards. Some of the students get confused. Some remain excited. But these all are a part of the journey. Univariety was always there and is still with the students to help them find out the best. It helps the students to chalk out their career and choose a stream. They prepare the students for the admission procedure to get them flexible for any kind of interviews that would take place in the future.
Univariety – FAQ’s
What is Univariety?
Students are guided at Univariety, a company that’s mission is to help them get into their dream university.
Ansh Mehrey
