Paytm is the biggest E-commerce company in India which specializes in the digital transactions system. Paytm is trusted and used by millions of Indians for shopping, transferring cash, booking tickets, and paying day-to-day bills. How did Paytm get here? The journey was not an easy one!
Here are the top 10 interesting facts about Paytm.
Paytm was founded by Vijay Shekhar Sharma with an initial investment of $2 million in 2010. It has its headquarters at Noida.
The idea of Paytm
Vijay Shekhar got the idea to build Paytm during his visit to China when he saw vegetable vendors using their cell phones to accept payments from some buyers. This prompted him to set up a Paytm wallet in 2013. Paytm is the most secure application. Paytm gives App secret word to your Paytm wallet and uses QR codes to complete transactions.
Facts about Paytm Owners and shares of Paytm
Paytm is an acronym for “Payment Through Mobile”
Paytm attracted a large crowd for the ease of online recharges, wallets, and shopping experiences. It also offered cashback and free movie tickets to its users.
One97 Communications is the parent company of Paytm
In 2005, Vijay Shekhar Sharma began One97 Communications that offered portable content like news, cricket scores, ringtones, jokes, and test results. One97 is the parent organization of Paytm, which was launched in 2010.
PayPal filed a case against Paytm in 2016
PayPal filed a case against Paytm in 2016 on the grounds of using similar blends of colors in its logo. Paypal claimed Paytm had stolen from its logo and created a logo that was “blatantly and strikingly similar” to its own logo. The two-toned blue color scheme was a resemblance to the Paypal logo. Paypal objected that Paytm wanted to gain an advantage over its opponent and ruin its reputation!
The default language selected for Paytm is english. However, Paytm is avaliable in 10 different Indian languages. Some of these include Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya, and Punjabi. Paytm has reached almost 88% of Indian villages and most of the users are based in Tier 2 and Tier 3 cities. Paytm says that many Indians have still no access no internet even today and hence, they are taking a step towards “Digital India”
Paytm wallet application counts to 100 Million downloads
Paytm wallets applications has 100 Million downloads on Google play store. There are over 350 million Paytm users.
Jack Ma Purchased Stakes in Paytm
In 2015, Chinese money manager Jack Ma, proprietor of Alibaba Group, purchased a $500 million stake in Paytm. Jack Ma is assessed to hold 30 to 40 percent of Paytm. Alibaba holds a share of 25% of Paytm. Alibaba presently gives help to Paytm to further develop extortion detection and satisfaction systems also.
Paytm contributed to PM cares fund during COVID-19 pandemic
Paytm has great contribution during Covid 19 pandemic. It has contributed to PM CARES relief fund. Each Rs 10 received via a single user was donated to the PM cares fund via the Paytm app. In 10 days, Paytm had collected Rs 100 crore Via Paytm, 21000 oxygen cans were shipped to patients in need, and oxygen plants were donated to 13 of the worst-hit cities in India.
Paytm launched Paytm Mall in 2017 which permits customers to shop from 1.4 lakh enlisted sellers. It is a BTC model inspired by China’s TMall. Paytm Mall has set up 17 content communities across India and collaborated with in excess of 40 messengers. Paytm Mall raised $200 million from Alibaba Group and SAIF Partners in March 2018. Paytm Mall suffered a loss of around  âš1,800 crores and its market share dropped from 5.6% to 3%.
FAQs
When was Paytm founded?
Paytm was founded by Vijay Shekar Sharma in 2009.
Who is the owner of Paytm?
Paytm parent organisation One97 Communications owns the company.
Is Paytm owned by Tata?
No. Ratan Tata has invested in Paytm in March 2015. He picked up a stake in Paytm parent company, One97 Communications. He also plays a role of an advisor for the company.
Abhishek Bachchan son of the Big B of Bollywood is often referred to as junior Bachchan. He is an actor and producer. His journey might be not as powerful as his father Amitabh Bachchan, but it was quite different from most other Bollywood actors.
He appeared in a handful of movies and endorsements but all unique in their nature. He struggled with dyslexia in his childhood. However, Abhishek Bachchan or his family never attempted to hide this fact from the media or anybody.
He made his debut in Bollywood with J.P. Dutta’s movie “Refugee” in 2000. However, it was a commercial failure. Later for his films “Yuva”, “Sarkar” and “Kabhi Alvida Na Kehna”, he won three Filmfare awards for Best Supporting Actor male.
After Dilip Kumar, he was the second and only actor to win three Filmfare awards in a row. He was also nominated for Best Actor male in Filmfare awards when he played Dhirubhai Ambani in the movie “Guru”. Hence we can conclude that the actor has had a short yet very efficient and unique journey so far. In his recent movie “Ludo” his character has been critically appreciated.
The endorsement list of this actor is quite short too. He states that unless he uses any product himself, he is not ready to advertise it. He believes that the audience’s trust lies in him who assures the quality of the product. Hence he is not ready to compromise the quality of his genuineness. Hence his number of endorsements are finger countable too.
Enlisted below are the brands endorsed by Abhishek Bachchan:-
Abhishek Bachchan was roped in with Idea cellular in the year 2008. This endorsement can be one of the most significant endorsements of his career since in 2009. This advertisement campaign with the tagline “What an Idea Sirji” won the “Best celebrity endorsement award” from NDTV Tech life awards.
The advertisement basically demonstrated Abhishek solving complex problems of life with a relatively simpler solution through the supremacy of mobile telephony. Abhishek Bachchan compliments the Idea to be young and humane. He also feels elated to work with them since they are the champion of their kind. We see Junior Bachchan in multiple Idea cellular ads.
Prestige
In 2013, Prestige Kitchen Appliances announced the power couple Abhishek Bachchan and Aishwarya Rai Bachchan to be their brand ambassador. The tagline of this campaign was “Jo biwi se karein Pyaar wo prestige ko Kaise karein inkaar“.
According to the brand the couple ideally represents “simmering love, togetherness and food”. Â T.T. Jagganathan the executive chairman of prestige says prestige is already the leader in the market of kitchen appliances.
With Aishwarya and Abhishek the leading couple of Bollywood their tagline and leadership both are reemphasized. Abhishek Bachchan comments with TTK Prestige, cooking is no longer a boring chore. Prestige truly extracts the essence of fun and enjoyment while cooking.
Abhishek Bachchan was roped with the brand in the year 2019. It was a part of the 2006 alliance of LG. Girish Bapat, VP marketing LGEIL, says Abhishek Bachchan represents a sophisticated and upscale image.
He’s also projected to the youth image of an out of box thinker and a caring personality. All these qualities are as same as that of LG. Hence the association’s greatly scoring.
Motorola
Abhishek Bachchan was announced as the ambassador for Motorola in the year 2007. His iconic avatar for this ad is still remembered. Dressed in all black and denim. Junior Bachchan do was quite a deal emotionally attached to this brand because his first phone belonged to this company. He continued using this phone. He thinks Motorola as a brand is very cool and youth-friendly.
American Express Credit Card
American Express roped in Abhishek Bachchan for the platinum club membership in 2019. He was elated to be a part of such a sophisticated endorsement. He was also glad about their customer service as a whole.
In 2010, Abhishek Bachchan was roped in for Videocon’s direct to home services (DTH). Previously we saw Bollywood hunks like Shahrukh Khan and Aamir Khan endorsing similar products. Hence Abhishek Bachchan joining the club wasn’t very surprising.
Abhishek Bachchan also endorsed Ford. However, the endorsement wasn’t long-lasting enough to be considered.
FAQ
What is the net worth of Abhishek Bachchan?
The net worth of Abhishek Bachchan is $28 million.
What is the age of Abhishek Bachchan?
Abhishek Bachchan was born on 5 February 1976 and is 45 years old.
What is the qualification of Abhishek Bachchan?
Abhishek Bachchan Attended a Business course at the Boston University but later Dropped out of college.
Today Singapore is emerging to be the new home to a technology-based startup ecosystem in Asia, with an ever-growing number of companies, and is on the verge of becoming the next Silicon Valley. With an immense growth of $21 billion value, Singapore has made deliberative efforts in recent years for the development of its startup ecosystem. However, it is the baseline for the startups, enterprises, and multi-national companies, for them to manage their operations in the region and beyond. In 2020, there was an increase of the top ecosystems by 30%, while it was 20% in 2012.
The primary reasons are that the companies are gratified with their business response, along with the pro-trading policies and effectual fiscal regime. Therefore, Singapore has been listed as the world’s top ecosystem. Also, the Singapore government seems to play a greater role in developing a growth plan for young startups. With good ďŹnancial assistance, the government has administered startup expansion strategies with the introduction of new innovative schemes for businesses more often.
The big boost is that the Singapore government has extended the capital gains exemption for startups until they are more stable. The startup’s ďŹrst $73,000 in income will be released by 75%. In 2018 they raised tax deductions for IP registration fees from 100% to 200% and qualifying costs acquired on R&D from 150% to 250%.
There is a program, called Enterprise Singapore’s Startup SG, which provides professional mentoring to young startups, along with equity ďŹnancing, business loans as well as non-repayable funds as per protocols.
Perhaps it is a win-win situation for Singapore’s ecosystem to emerge. However, The FinTech Festival was introduced to celebrate the biggest ďŹntech success story (for innovation and knowledge). It is this platform that facilitates strong team cohesion between government, corporations, and startups.
Although we have already discussed some of the top startups from different countries, and quite apparently we take a move ahead at the complete list of Singaporeâs unicorn startups.
Attune Technologies is the global leader in regards to the healthcare ecosystem and has pioneered cloud-based products. The platform offers next-generation Healthcare IT products to generate profits for its customers. And so far, they have reached more than 15 countries in the Indian Subcontinent, South East Asia, Middle East, and Africa.
Fund Raised:
With a raise of $16 million over 3 rounds and funded by 2 investors- Norwest Venture Partners and Qualcomm Ventures, Attune Technologies results in integrating hospitals, pharmacies, labs, radiology, blood banks, medical devices, accounting, and insurance companies, for growth in revenues and operational efficiency.
Recently, there have been two powerful apps launch, to minimize the existing communication gap and collaboration in the healthcare area.
V-Key is Singaporeâs most reliable software security service that helps in mobile identity and verification, user access, payment protection, and data protection. Recently they have come up with a more secured version of cryptographic software called V-OS which is internationally patented as well.
V-OS is basically designed for cloud-based payments for mobile banking, and is the ďŹrst virtual secure element of the world, and allows businesses to create delightful customer experiences. Major Banks, payment gateways, government agencies, and enterprises are the constant supporters.
Fund Raised:
The fund raised is $16M over 2 rounds and is funded by two investors: IPV Capital and Ant Group. They have also won a series of awards- the National Infocomm Awards as the 2nd Runner Up for Most Innovative Product/Solution in 2016, the Association of Information Security Professionals (AiSP) Cybersecurity Awards 2019â SME (Vendor) and GATES GOLD Special Award for Innovative Solutions for Vendor in 2019.
More importantly, their products have been esteemed by proficiency testing and inter-laboratory comparisons across the world. More than 9 security penetration test was augmented, but V-OS cybersecurity never failed to exploitable vulnerabilities and has never been disintegrated, and its strength is unquestionableâ which marked its territory in the truest sense.
Insider is perhaps the first Integrated Growth Management Platform (GMP) that enables digital marketers to drive growth from acquisition to activation, retention, and revenue.
Many marketers can easily automate their stories to target the right customers with Insiderâs AI-powered recommendation engine. With these predictive visitor segments, marketers can easily optimize their personalized brand stories across the right ad channels and devices.
Fund Raised:
Well, the global spread of Insider offices is on a competitive edge and is not an easy feat. In 6 rounds, Insider has raised a total of $46.1 million in funding by 9 investors.
Hande Cilinger is the founder and CEO and is ranked as one of the top three women CEOs outside the US and clients like Singapore Airlines, Estee Lauder, and LâOreal.
Ninja Van
Yearfounded: 2014
Ninja Van is a tech-based logistics provider that is growing leaps and bounds across south-east Asia. With untroubled delivery services for businesses, Ninja Van is a blessing to its clients to deliver more than a million packages daily to customers in six countries – Singapore, Malaysia, Philippines, Indonesia, Thailand, and Vietnam. Alibaba’s Lazada, Shopee, and Indonesia’s Tokopedia are some of their e-commerce partners.
Fund Raised:
To date in over 5 rounds, Ninja Van has raised more than $400 million and is funded by 12 investors. By April 2020, their latest round gave them $279 million of funding. Probably the startup is on the verge of gaining unicorn status. They might also plan another round of funding before an IPO or sale.
As because coronavirus has knocked on, online shopping for contactless buying was the new normal which indirectly help these platforms to gain unicorn status. Ninja Van is one such platform.
Number of Startups per city in Switzerland
Funding Societies
Yearfounded: 2015
Funding Societies is a Small and Medium Enterprises (SME) digital financing platform that connects with investors, making reliable SMEs likely to make more and connects those with retail and institutional lenders to solve the financial inclusion issue.
They are the first peer-to-peer platform to engage an escrow agency to keep investorâs funds safe and independent. It received operating licenses from Singapore, Malaysia, and Indonesia.
They have won a series of awards like the Global Excellence Award from ITU telecom. Needless to say that âFunding Societiesâ has reached unicorn status. In 5 years, Funding societies had financed over 3.3 million business loans with more than $1.8 billion in funding.
Fund Raised:
They raised a total of $112.5 million over 7rounds and were funded by 10 investors and in December 2020, they received investment capital from Samsung Venture Investment Corporation. However, the amount is not disclosed. With this investment, prospective partnerships and collaborations were introduced.
To expand its technology team across the region and develop its strategic and new business models in its next stage of evolution, pushing its vision of financial inclusion for SMEs in Southeast Asia, is the aim of Funding Societies.
Doctor Anywhere
Yearfounded: 2016
Doctor Anywhere is an online 24/7 healthcare platform that gives quick access to its users. With a strong network of skilled doctors, they reach out to any location for wellness and health solutions via video call and users can get medication delivered to their house within hours.
Based on personalized preferences, âDoctor Anywhereâ modifies the traditional medical system in all aspects, making healthcare more efficient and more convenient. Now as coronavirus started to spread, Doctor Anywhere gained more popularity with more than 1,300 general practitioners and health care specialists in Thailand, Vietnam, and Singapore registered on the platform.
Fund Raised:
Doctor Anywhere raised a total of $31.3 million in 2 rounds, and 5 investors have funded the business plan. And in the latest round in March 2020, they raised $27 million from a group of investors, including Malaysian hospital operator IHH Healthcare. Also, an online mental health video consultation service was launched in October 2020.
AIDA that focuses on delivering Artificial Intelligence (AI) for the insurance and banking branch is perhaps the best-known marketing strategy, for it has stood the test of time. In the most general sense, it is a popular developer of machine learning solutions for risky compliance analytics. Driven by an eagerness for success and effective solutions, the award winner offers a set of smart AI solutions for companies across all organizational levels.
The awards won are the FinTech Innovation Award 2017, Global FinTech and Hackcelerator Award 2016, and AI & Machine Learning solutions Award.
Fund Raised:
In 2019 AIDA raised 1 round and is funded by 3 investors. However the investment will be put into market penetration and North Asiaâs expansion, focusing on Hong Kong and Japan. AIDA therefore can be called the new wave tech startup with global potential and its counterparts.
Horangi
Yearfounded: 2016
Horangi is a SaaS cybersecurity platform that provides solutions to industry leaders for a secure organization. Safer cyberspace and technology-designed software that solves challenging cybersecurity problems are what Horangi is all about.
Fund Raised:
Horangi raised US$23 million in Series B round and with the funding Horangi concentrates on the cloud security product to strengthen Cyber Security in Southeast Asia. Gojek, Ninja Van, Shopback, and Property Guru are the investors of Horangi. Other Investors include Monkâs Hill Ventures, Right Click Capital, and Genetic Alternative Ventures.
Skuad is a digital platform that helps companies effortlessly build, pay, and manage globally virtual teams, without setting up local offices. With Skuad, there is no worry to hire talent from anywhere in the world as it has control over global payroll, taxation, and local compliance.
Fund Raised:
In December 2020, Skuad is estimated to have raised $4 million over 1 round, along with 4 investors. Hence the startup is becoming a mere necessity for remote employment infrastructure to scale its growing team in various geographies. And with this, they aim to become the next standardized economic hub for remote working.
Volofin
Yearfounded: 2020
Powered by Blockchain Technology, VoloFin is Singaporeâs next-generation ďŹntech platform oďŹering accounts receivable ďŹnancing for Small and Medium Enterprises (SMEs) in Singapore, India, and the USA. It is also the ďŹrst company to leverage digital ledger, however making a bridge for SME lending while delivering value to equity owners. As a result, SME’s get immediate price indications and capital expansion.
VoloFin is user-friendly and it allows a quick and easy onboarding journey. The best part is that companies can profit their business without bothering about the risk involved, as the whole trade cycle is on the blockchain, however making it watertight and transparent for all stakeholders.
Along with AI capabilities, VoloFin also has a team of reliable professionals to support its clients. More than 200 customers are associated with this highly advanced technology, including Gojek, Shop Back, Ninja Van, Property Guru, and Marine Insurance Singapore. There are a total of 5 offices around the globe.
Fund Raised:
VoloFin is invested by 9 investors with a total raise of $23.1 million. And in March 2020, VoloFin had a good hit with a raise of $20 in the latest round.
FAQs
How many startups are there in Switzerland?
According to a report by IFJ, a total of 33,617 new companies were founded in the first three quarters of 2020 in Switzerland.
Which country has the most startups?
The United States has the most number of Startups as of 2020.
Is Switzerland a good place to start a business?
Switzerland is a great starting point for businesses that want to enter the European market. As it has a strategic location.
Conclusion
Overall it may be said that Singapore is predominantly quick-witted for its economic dynamism. And so far, it is counted among the worldâs top ecosystems with the 17th rank, and itâs still been trying to prove its resilience to the world. Even after the worst economic decline, caused by the pandemic, Singapore has made a progressive recovery.
In 2021, Singaporeâs GDP grew by 4-6%, sticking to the records of November 2020. Hence it is rated as the second-best country with an international launch and is listed in âThe World Bank’s Ease of Doing Business Rankingâ, because of its stable currency and unlimited trade and capital contributions-inflows and outflows.
In an era of “NETFLIX and CHILL“, movies, web series, shows, and documentaries have enthralled audiences on a large spectrum. Since a long time, greatbusiness documentaries with commercial potential have shredded their popularity but Netflix has brought the thrill in them.
Binge-watching your favourite shows can be a good way to take the burden off your shoulders from a long-hectic day. There is a never-ending list of documentaries if you are an entrepreneur but there is something you should know about ‘must-watch’ documentaries about business and learn from them.
The immediate effect of COVID-19 is ubiquitous on businesses and entrepreneurs. Though businesses have shut down its emotional toll on our mental health can be far worse than the physical pain.
Often said in a pep talk- âget out of your shell and explore the worldâ because thatâs what brings up the zeal. Some go out and learn but help yourself to inspire yourself on a couch and a bowl of popcorn or a pen and notepad in front of the TV.
Hereâs a list of top 10 must-watch documentary films:
About Entrepreneur Documentaries or Business Documentaries
The entrepreneur is a hub of an innovator, a source of new ideas, goods, services, and business/or procedures. The one with the vision starts a business and takes risk & loss at every obstacle in order to make money. There are 4 types of entrepreneurial organizations: small business, scalable startups, large companies, social entrepreneurs.
Sometimes learning from othersâ experiences and lessons one can tackle all of the common hurdles smartly. So, do the entrepreneur documentaries brings the visionaries from great entrepreneurs who now have turned out to be business leaders like Bill Gates, Steve Jobs, Walt Disney, Andrew Carnegie, Henry Ford, Oprah Winfrey, Larry Page.
Many online platforms like Netflix and YouTube brings countless good business documentaries on startups and entrepreneurship business documentaries. Itâs important that you watch selected documentaries rich with quality and motivation because that not only expands your horizons but also commits you to the whole learning and evolving process in your field. Documentaries on global business leaders not only teaches you the pecs of entrepreneurship but also gives you ideas to hit a good conversation.
The qualities that a startup documentary or a show should have :
With a lot of genres in entrepreneurship documentaries, if you are here for to must watch business documentaries on how to enrich your business, build your pecs, or broaden-up your entrepreneurial knowledge, then
Something Ventured (2011)
Director of Something Ventured: Daniel Geller (co-director), Dayna Goldfine (co-director).
This documentary about successful entrepreneurs builds a storyline on individuals who built a finance industry with the advanced modern technology in the past 50 years with companies like Intel, Apple, Gentech, and many more.
Why Entrepreneurs should watch Something Ventured: It gives short and fun history learnings on the California companies and focus on venture capitalists around the Bay Area and silicon valleys.
Generation Startups (2016)
Directors: Cheryl Miller Houser, Cynthia Wade.
Generation Startup takes the United States to the front lines of entrepreneurship in America, capturing the struggles and triumphs of six recent school graduates who place everything on the road to make startups in Detroit. Shot over a year, it associates honest, in-the-trenches investigate what it takes to launch a startup.
Why Entrepreneurs should watch Generation Startups: The movie helps us Learn to fail and redefine success.
Jiro Dreams of Sushi (2011)
Director: David Gelb.
A documentary about business success on 85-year-old dish master Jiro Ono, his noted Japanese capital eating place, and his relationship along with his son and ultimate heir, Yoshikazu. He puts perfection before approaching to success.
Why Entrepreneurs should watch Jiro Dreams Of Sushi: The movie is fascinating and sacred, this portrait of a man in pursuit of perfection maybe a demeaning and life-changing experience, the value of being a perfectionist.
Elon Musk : The Real Life Iron Man (2018)
Director: Sonia Anderson.
This goes on discovering the rise of Elon Musk, one who is reworking the means we expect concerning travel technology through electrical cars, the Hyperloop, and revolutionary concepts on how to endure computing and colonizing Mars.
Why Entrepreneurs should watchElon Musk : The Real Life Iron Man: The movie teaches persistence, doing things differently during a higher means, business school about entrepreneurship are not taught in school.
A documentary about successful entrepreneurs that talks about Bill Gates‘ Â life as he pursues solutions and plans to a number of the world’s most advanced issues. Gates’ making an attempt to seek out to answer the insipid, off point, immature queries and “unbroken questioning”.
Why Entrepreneurs should watch Inside Billâs Brain: Decoding Bill Gates: 3 part mini segments are excruciating and delve into Bill Gates strategy.
CAPITAL C is the 1st documentary concerning crowdfunding. The documentary CAPITAL C covers adventures of crowdfunding. Each character has a great success in crowdfunding. The documentary paints a picture of small industries’ journey to achieving success in the crowdfunding campaign.
Why Entrepreneurs should watch Capital C: It conveys so well the eagerness, passion, energy and responsibility which is created when developers of products work directly for consumers of products.
The Startup Kids is a documentary concerning young net entrepreneurs within the U.S. and Europe. It contains interviews with founders of Vimeo, Dropbox, Soundcloud associated additionals and mention how they started their company and their lives as a bourgeois. in conjunction with those individuals from the technical school scene speaks concerning the startup surroundings together with the plunger Tim Draper and MG Siegler, technical school blogger at Techcrunch.
Why Entrepreneurs should watch The Startup Kids: It’s one of the thrilling version of jumping off a cliff and having to build your own parachute. Staying on the edge of your comfort zone, and everything you’re doing is basically something you’re just barely qualified for or not qualified for.
American Factory (2019)
Directors: Steven Bognar, Julia Reichert.
In this documentary, hopes soar once a Chinese company reopens a shuttered factory in Ohio. However, a culture clash threatens to shatter the American dream. The documentary American Factory shows the shifting ground of globalization, and the instability it brings to workers’ life. Workers attempt to find stability in this situation.
Why Entrepreneurs should watch American Factory: Thoughtful and troubling look at the dynamic between workers and employers in the 21st-century globalized economy. Brings hope and fervour.
Startupland: A Documentary Film (2015)
Startupland: A Documentary Film
Director: Justin Gutewin.
Five startup CEO’s have twelve weeks during a tech accelerator to build their ideas into promising corporates before they present to a room full of investors. How Three guys risked everything and turned a bright idea into a world-class business.
Why Entrepreneurs should watch Startupland: A Documentary Film: Since startup units are everywhere, teaches how to take risks and turning a plan into a global business.
CodeGirl (2015)
Director: Lesley Chilcott.
Documentary concerning high school girls from around the world who attempt to higher their community through collaboration and technology. The documentary focuses on a coding competition. Female high school students learn to make business plan and write code. The teams identify a global problem and solve it by creating a mobile phone application. Messages included in Code Girl are overcoming the stereotypes, working hard to make a positive difference in the world.
Why Entrepreneurs should watch CodeGirl: Brings on the diversity in all facets of technology among teens, parents and teachers and throws light on a specific project.
This startup documentary is based on Warren Edward Buffet who is an American businessman, investor, philanthropist and the CEO of Berkshire Hathaway. The documentary follows the business magnate on his journey from being a numbers-obsessed boy from Nebraska to being one of the richest and most respected men in the world. The documentary shows us how the billionaire still lives in a modest home in Omaha and drives himself to his office to manage Berkshire Hathaway
Why Entrepreneurs should watch Becoming Warren Buffet: entrepreneurs can extract important life lessons from the humble billionaire, his family and his peers.
Steve Jobs: One Last Thing (2011)
Director: Mimi O’Connor and Sarah Fanthorpe
Steve Jobs: One Last Thing is one of the best documentaries on entrepreneurs, as it based on none other than Steve Jobs, the Cofounder and former CEO of Apple. The documentary follows his journey of Steve Jobs, his talents, style, influences and imagination that led to changing all of our lives. The documentary is unique as its draws from his interviews with people and gives us a peak into his complex life. While Steve Jobs friends, fans, colleagues and rivals reflects upon his talents and achievements.
Why Entrepreneurs should watch Steve Jobs: One Last Thing: the documentary shows how some people and their inventions can change our everyday world of work, leisure and the way we communicate.
The Director: An Evolution in Three Acts (2013)
Director: Christina A. Voros
The Director: An Evolution in Three Acts is best documentaries for entrepreneurs for want to venture into the fashion Industry. This documentary is from the point of view of a filmmaker who examines the work of the Italian fashion designer Frida Giannini, who is the creative director for Gucci. It showcases how the fashion designer made her decision to return to the famous brand’s iconic past to reimagine its path into the brandâs future.
Why Entrepreneurs should watch The Director: An Evolution in Three Acts: It shows behind the scenes of world-renowned fashion house Gucci and how big luxury fashion brands work from coming up with a concept to runway and finally into people closets.
Some entrepreneur documentaries like Print the Legend are rare as it focuses on the evolution of a particular industry. Print the legend is award winning startup documentary that focuses on the 3D Printing Industry and startups like MakerBot and Formlabs and major printing companies such as Stratasys, PrintForm and 3D Systems. The documentary is shot wholly on Canon EOS C300 and Canon EOS C100.
Why Entrepreneurs should watch Print The Legend: the documentary explores the innovative thinking behind 3D printing and how companies are trying to bring 3D printing into your desktop and life.
Enroe is a documentaries on entrepreneurs and the mirror to the modern corporate corruption especially in America. The documentary explores the fall of the Enron Corporation, and how the executives of the company resort to several illegal schemes in order to make money at any cost and keep their high-paying jobs. Enroe is a critically acclaimed documentary whichbased upon the best-selling 2003 book of the same name.
Why Entrepreneurs should watch Enroe: The smartest Guys in the Room: Very few documentaries on entrepreneurs, teach you a lesson that no matter how many bad days a business man or an entrepreneur has, he/she must always have integrity and be honest.
Enjoy Watching them because at the end when the timing is right, years of trying and never giving up, will make you look like an overnight success.
FAQ
What are the 10 pecs of an entrepreneur?
Opportunity-seeking and initiative.
Persistence.
Commitment.
Demand for efficiency and quality.
Taking calculated risks.
Goal setting.
Information seeking.
Systematic planning and monitoring.
Persuasion and networking.
Independence and self-confidence.
What is entrepreneurial competency?
Entrepreneurial competencies can be defined as underlying characteristics such as generic and specific knowledge, motives, traits, self-images, social roles, and skills which result in venture birth, survival, and/or growth (Bird, 1995).
Madhya Pradesh, the heart of India, is famous for its history, culture, food, and whatnot. Almost every Indian has seen the advertisement promoting tourism in Madhya Pradesh; the popular tune, “Hindustan ka dil Dekho…” has been etched in the minds of many. What people aren’t aware of is Madhya Pradesh’s emergence as a startup hubâthe credit goes to Indore. Hence, we have shed light on some entrepreneurial ventures in Indore. These startups in Indore are gradually booming in their field of work and coming in front of of the whole India.
These Indore-based startups will surely awaken the entrepreneur in you!
800+ stories, thousands of founders, and millions of visitors. Want to be the next?
StartupTalky is where founders, entrepreneurs, startups and businesses hang out and look up to for inspiration. If you have the means, we have the medium! Inviting founders and startups who are building sustainable solutions from ground zero! Startups who run the show, StartupTalky will let the world know!
One of the most famous Indore startups, Wittyfeed is today India’s largest viral content company and the second-largest in the world in terms of traffic numbers. The company had a humble start as a Facebook page and has grown into a mammoth entertainment blog. WittyFeed is a modern-day blogging platform for everyone who loves to express and explore stories. WittyFeed was the brainchild of SRM University students who later shifted their HQ to Indore. The website gets millions of page views every day. The company has transitioned from delivering content through a website to app-based content delivery. WittyFeed raised an undisclosed amount of funding in a Pre Series A round from a group of marquee investors in 2017.
Brothers Vinay and Praveen Singhal started Wittyfeed in 2014 in collaboration with their college friend, Shashank Vaishnav. They are now among the list of top entrepreneurs in Indore and also the whole of India. The website has established itself on a level where it directly competes with big shots like ScoopWhoop and BuzzFeed India.
Among the top startups of the Indore Startup Community, RackBank is a server provisioning startup from Indore. RackBank deals with server hosting and the requirements of entities like data centers. The startup has worked with companies like Saavn, MSG91, and imo for their server-related wants.
Narendra Sen started RackBank in 2013; he used to work at a photostat shop. If you’re under the assumption that Narendra’s technical expertise was inculcated through formal education, you’re wrong. He is a self-learned programmer. Gradually, Narendra became an expert in web development and started providing services. As time progressed, his services evolved into server provisioning on a large scale.
Walkover
Indore Startup
Walkover
Founder
Pushpendra Agrawal
Industry
Computer Software
Walkover Logo | Software Company in Indore
Walkover is a product-based IT startup company located in Indore, Central India. Walkover works like coders, designers, writers, gamers, brainstormers, debaters, coffee aficionados, and most importantly, DOERS. Walkover builds products that make business processes intuitive while conducting itself in an environmentally sustainable manner.
Walkover has built:
1. MSG91, Indiaâs renowned A2P messaging platform, serving 5000+ Enterprises, processing billions of messages. 2. Giddh, the A/c application which is automating the world of accounting in India. 3. Socket, API middleware, making third-party integrations super easy.
EngineerBabu
Indore Startup
EngineerBabu
Founders
Mayank Pratap, Aditi Chourasia
Founded
2014
Sector
Web and App Development
EngineerBabu Logo | IT Company in Indore
EngineerBabu is an Indore-based startup that was quick in tasting success after its launch. It provides web and app development services. EngineerBabu has worked with some of the biggest companies in the world: Apple, Fox Sports, Uber, and Samsung, to name a few.
EngineerBabu was founded by Mayank Pratap and Aditi Chourasia in 2014. They are childhood buddies. Mayank was working in a Bangalore-based MNC while Aditi was preparing for medical entrance examinations. Mayank was done with his job and Aditi understood that the entrance test wasn’t her cup of tea, having taken three unsuccessful attempts at the exam. Mayank came back to Indore, sat down with Aditi, and the duo decided to start an initiative for providing a job to their common engineer friend. And that’s how EngineerBabu came into existence.
Feedify is a company permitting organizations to send push notifications to their potential customers. When people view a product, again and again, they are likely to buy it. Anyone who owns a business knows how helpful it is to identify if a potential customer is browsing a product repeatedly. For the uninformed, this is a part of a strategy called targeted marketing. Feedify sends push notifications to visitors even when they are not active on that specific website.
MotionGility provides its clients with the best-animated explainer videos to promote business stories. MotionGility provides cost-effective yet influential and convincing services. MotionGility’s USP is that they craft customized videos that help a business in marketing and generating leads. It provides first-of-a-kind custom-made graphics in the video, which is created by them and not downloaded from anywhere. It has also captured Germany and other overseas markets.
It is simply not possible to write on Indore without mentioning food! Oye24 is a food delivery venture out of Indore. It functions 24/7, 365 days. Oye24 serves multiple cuisines from various vendors. It also has an in-house kitchen specializing in local cuisine.
Oye24 was founded by Manish Chhajed, Mishal Jain, Rahul Badhera, and Ritesh Chhajed in 2015. Mishal was working at Tata motors while the other three were managing their respective businesses before starting Oye24.
Indian Threads logo | Manufacturing Company in Indore
Indore is famous for the cotton textile industry. Indian Threads designs and manufactures high-quality yet affordable menswear. It deals only in shirts. Customers can find all kinds of shirts on the Indian Threads’ website. The company has an online retailing platform but also sells its products through offline stores across the country.
Indian Threads was founded by Abhishek Rawal and Vishi Porwal in 2015. They sold only 60 shirts in the first 3 months of starting the business. But then, sales skyrocketed!
Securitybulls is a cybersecurity firm that offering penetration testing and IT security assessments for companies. Securitybulls doesn’t discriminate when it comes to clients, dealing with high profile, popular organizations while providing services for bloggers and online marketers by protecting their content management systems (CMS). The company has worked with Google, Microsoft, and Adobe (this list is really long!).
Securitybulls was founded by Geet Vaishnav in 2016. It has established good industry recognition within few years of being launched. This is indeed an achievement since the cybersecurity domain is extremely competitive.
For some of the very successful startup companies in Indore, ShopKirana is a B2B company using technology to provide supply chain management services to retailers across India. The startup envisions empowering millions of retailers and organizes the grocery segment in the country. Tanutejas Saraswat started ShopKirana in 2014. Before starting ShopKirana, Tanutejas had two failed ventures in his kitty.
Gramophone
Indore Startup
Gramophone
Founder
Nishant Vats, Tauseef Khan
Sector
Agritech
Gramophone Logo | Agritech Startup in Indore
Gramophone is the one-stop solution for all kinds of inputs for the farmers. Farmers can buy quality agricultural input products such as seeds, crop protection, nutrition, implements, and Agri hardware directly from the companyâs e-commerce platform. Gramophoneâs agronomic intelligence provides a variety of farm management advisory solutions to farmers by leveraging the power of image recognition, soil science, smart crop selection, and personalized information-led cropping system. This enables the farmers to choose authentic and suitable farm inputs. Gramophone has raised $3.5 Mn in an equity funding round.
GraffersID is a team of design and development veterans founded by Mr. Sidharth Jain in 2017 to help entrepreneurs to bring their stories to life and increase their revenue 10X. The GraffersID team specializes in identifying the loopholes, in the flow of the application and then brainstorming the possible solutions to make the final product robust and market fit
Conclusion
This is our list of famous, successful startups and entrepreneurs in Indore. Hope this list of companies in Indore helps you in many ways. The startups mentioned in the above list were once just an idea, a figment of imagination. No idea has ever transformed into an actual venture without sincerity and perseverance. Add to it constant deliberation and thinking. Unless you are willing to give in everything to your startup, it’s never going to see the light of the day. Worship it with your hard work, bribe it your time and see it grow with your co-founders!
Contact us to get featured in this list of Indore-based Startups & Entrepreneurs.
The pandemic has made us shift entirely to digital. But there are few things that we often doubt in the digital platforms. Buying fruits and groceries have always been conventional when it comes to purchasing. But with such a dreadful pandemic across the globe, people have taken the initiative to bring this grocery service in your footsteps. Well, yes! That’s right.
In India, dozens of online companies are established to facilitate grocery shopping online and delivering it to the customers with full covid-19 precautions. With such a rushing and demanding lifestyle, shopping through conventional offline methods has become very tacky. In such cases, grocery startups are founded, where you can buy anything with just a few taps on your smartphone.
Groceries play the most significant role in our lifestyle. We need food items and other household products daily. Grocery application makes it absolutely convenient so that we can buy all our grocery items any time we want, with no boundary of time. These applications facilitate purchasing and delivery of the grocery item to the customer’s house. This article would help you in knowing the best grocery startups in India, available for you any time. Let’s get started!
The largest digital supermarket in India, Big Basket is widely known for its broad range of household and grocery products. Big Basket is considered the number one online grocery application in India. It provides a product range of around 14,000 items for customers to choose from. It offers absolutely convenient payments services and express delivery within 2-3 hours. Big Basket has formerly received the honor of ‘Consumer Internet Company of the year’ by VCCircle.
Big Basket is preferred by almost everyone, ranging from working professionals to school children. It offers various discount offers to its customers. It offers free home delivery for orders above Rs 1000. Big Basket serves majorly in the top seven cities that include Mysore, Pune, Chennai, Mumbai, Bengaluru, and Hyderabad.
Grofers
Grofers Website
Grofers, a very prominent digital retail store that offers multiple categories of grocery products to its customers. The company’s products range from organic stalls, beverages, snacks, vegetables, dairy products, and many more. Grofers was established in 2013 and headquartered in Gurgaon, India.
Grofers is associated with several brands such as Pepsi, Colgate, Aashirvad, Dabur, and many others. Its mobile application is available on both platforms of Android as well as iOS. Its home delivery facility is available in Bengaluru, Delhi, Gurugram, Mumbai, and others, across India.
Dunzo
Dunzo Website
Dunzo is well-known for its incredible express delivery within 45 minutes. This grocery application holds a wide range of products including beauty products and vegetables.
They deliver items from your nearby grocery stores also. Its functions are accessible in Delhi, Mumbai, Noida, Hyderabad, Bengaluru, Gurgaon, Chennai, and Pune.
Nature’s Basket
Nature’s Basket
Nature’s Basket is one of those grocery startups that are established by the Godrej Group, in India. Godrej Group offers the best quality of grocery products from a broad range of categories.
Its product is specifically manufactured from foreign countries such as Cheese from France and Italy, Spices from Asia, organic supplies from India, and many others.
ZopNow
ZopNow is a very well-known online grocery store which offers a wide range of products for its customers. They offer biscuits, pickles, sauces, frozen foods, vegetables, sweets, and many other beauty products. Moreover, it provides kitchen and home products as well.
ZopNow is widely famous for its customer’s experiences and services. It offers a huge range of discounts and offers. Its services are available in Delhi, Gurgaon, Faridabad, Noida, and Ghaziabad.
Well, Reliance is known by everyone! And when it comes to Jio, it has brought some incredible deals for Indian. And among these, JioMart is one of the most incredible online grocery stores. Its mobile application is available on both iOS as well as Android. Â
JioMart functions in almost every metro city including Ahmedabad, Mumbai, Bengaluru, Hyderabad, Delhi, Meerut, Agra, and others.
Licious
Licious Website
The very famous digital marketplace for meat and seafood is Licious. It provides absolutely fresh, packed, marinated, vacuum-sealed meat and seafood. Licious was founded in 2015, headquartered in Bangalore, Karnataka, India.
Licious functions on a zero inventory model and offers a subscription model for pre-fixed delivery products and dates. Its mobile application is available on both Android and iOS.
Paytm Mall
Paytm Mall is considered the fastest growing e-commerce marketplace that provides the service of grocery shopping and delivering from customers’ houses. Paytm is counted among the most prominent E-commerce platforms after Amazon and Flipkart.
Paytm Mall offers a wide range of products such as fresh vegetables, dairy products, fruits, and many others at affordable prices. Its mobile application also provides FMCG products for online sales and other grocery items.
Country Delight is counted among the top online grocery stores in India. It provides a wide range of dairy products. The company is very significant with its services and delivery.
Country Delight was founded in 2015 and established in Gurgaon, India. The company also functions with some quality management systems with quality testing at the manufacturing level, farmers level, and with accredited food testing laboratories.
Qtrove
Qtrove is an online platform that offers various handicraft products for its customers. Its product range includes homemade chocolates, jams, ells sauces, home decor products, cold-pressed juices, skincare, and others.
Qtrove is headquartered in Bangalore, India with some very advanced investors such as Brand Capital, Navodya and K Ganesh.
Conclusion
With digitization in every sector, grocery and household products are also available on the Internet. Today, the life of every individual has become very tacky and hectic. That’s why people search for an online platform that provides the required services.
Many prominent companies are established in India with great grocery services. Therefore, it has become quite tough to choose the right one. And for that purpose only, we have brought this article. Stay tuned for more updates!
FAQ
Are grocery delivery services profitable?
Yes, Grocery delivery services are profitable ventures.
How do delivery companies make money?
Delivery companies make money by charging the customers a delivery fee that is fixed or depend on the distance travelled.
Which are the top grocery delivery startups in India?
Big Basket, Grofers, Godrej Nature’s Basket and ZopNow are the top grocery delivery startups in India.
Ford Motor Company is well-known. This automobile company has been around for over 116 years, creating iconic cars and even aircraft and armored vehicles during World War I & II.
Many of the companies that were founded in the early 1900s have gone on to become some of the most influential companies in the world today. And, Ford was one of the most important companies that stood out from the crowd.
Many of Ford Motor Company’s innovations have left their mark on the auto industry throughout its 115-year history. Ford is one of those companies whose name is well-known to everyone. With a rich history as one of the world’s oldest car manufacturers, Ford has many interesting facts that you may not be aware of!
Detroit, Michigan’s Ford Motor Company was founded in 1903. Henry Ford and his son Edsel were among the 12 founders. For him, it was all about raising money for his business to succeed. However, Henry’s stake in the company would not last.
Henry and Edsel Ford bought out the other 10 owners of Ford Motor Company in 1919, allowing them to take full control of the company that bears their names. Detroit’s Mack Avenue was the site of the first Ford plant.
The Quadricycle
Ford Quadricycle
Henry Ford’s first vehicle was the Ford Quadricycle. It was a simple frame with a gasoline engine and four bicycle wheels mounted on it that was Ford’s first automobile. This quadricycle was completed in 1896. He built a 4-wheeled quadricycle with a tiller, a gas-powered 4-horsepower engine, and a transmission.
Henry Ford worked as Thomas Edison’s chief electrical engineer In his spare time, he built the quadricycle. After reading an article in the November 1895 issue, he became interested in the subject.
Thomas Edison’s Last breath
Thomas Edison’s Last Breath
Despite their world-changing achievements, Thomas Edison and Henry Ford’s genuine friendship is a delightful tale that few people have heard. Two of the men bought vacation homes in Fort Myers, Florida, because of their lifelong friendship.
The last breath of Thomas Edison was captured in a test tube and sealed with a cork, at Ford’s request. To Henry Ford, Edison’s “life and breath” remained in the tube. Friendship was very important to them.
Fordlandia
Fordlandia
The Amazonian jungle of Brazil was the site of Henry Ford’s 1928 attempt to create a small “utopian”-style village. This plantation was to serve multiple purposes and be the size of a small village. While providing fresh rubber to his factories, it would also provide jobs for the locals.
In the end, setting up the village proved to be much more difficult than he had anticipated. It ended up being a failure, and the land on which it was built is still uninhabited.
Ford is credited with inventing the assembly line for making automobiles. This method of car construction was pioneered by Henry Ford, and it is still the most popular method of car construction today!
Productivity skyrocketed as a result. A car could be built in less than 90 minutes, instead of the 700 minutes, it took before. The company’s profits soared as a result. Ford’s involvement was evident at every stage of the production process. A good business decision at the time, it turned out to be a world-changing innovation.
Pay increase
In 1914, the average factory worker earned $2.50 per day. Henry Ford increased the pay of his employees to $5 a day in 1914, which was unheard of at the time. For Ford and its workers, it was a wise move. It was a move that resulted in a positive atmosphere among employees. Their productivity went up as a result of this, as did their wages, which enabled them to buy a car that they helped to build.
As a result of the new salary, a shorter working day, and profit-sharing, employee turnover was reduced, and the middle class and fair wages movements grew.
Ford Mustang was transported to the Top of Empire Estate building
Ford Mustang at the Top of Empire State Building
Ford Mustang was disassembled and photographed from a helicopter after it was transported in four pieces using resident elevators to the Empire State Building in 1965.
After being separated into four pieces and transported up using the elevators on-site, the car was finally delivered to its destination. Reassembled, the car remained there for five months before being dismantled.
Jim Morrison owned only one car, a Ford
Jim Morrison with his Shelby Gt500
The Doors are one of the most well-known rock bands in music history, with a worldwide fan base. Jim Morrison was the band’s lead singer, and he became an inspiration to many musicians of that era and subsequent generations.
It was a 1967 Shelby GT 500 that Jim Morrison, the legendary Doors singer owned.
It is one of the most famous Mustang models ever made. After suffering a heart attack in Paris in 1971, Jim Morrison passed away at the age of just 27. He’s buried in Paris, and his gravesite is still one of the city’s most popular tourist attractions.
Ford Motor Company began manufacturing airplanes during World War I. During the “war to end all wars,” he wanted to lend a hand to the United States military. Throughout his life, Ford held 161 patents, proving that he was constantly innovating and expanding his reach.
“Tin Goose” is the nickname given to the Ford Trimotor, a three-engine American transport aircraft. Henry Ford’s company began production in 1925 and ended on June 7, 1933. Ford produced 199 Trimotors. However, it was also used by military units. Unfortunately, he had to shut down the operation in 1933 due to a lack of success.
Ford’s Racing clan
Ford 24 Hour Le Mans
During the 24 Hours of Le Mans race, Ford beat Porsche, Lamborghini, and Ferrari. With its GT40, Ford ended Ferrari’s six-year winning streak in 1966. Ford went on to win the championship four years in a row, which is noteworthy.
FAQ
Who is the founder of Ford?
Henry Ford founded Ford Motor Company on 16 June, 1903.
What was the first car made by Ford?
Ford Model A was the first car made by Ford in 1903.
What was the net worth of Henry Ford?
Henry Ford had a net worth worth equal to $200 billion dollars adjusted for inflation.
Well, who doesn’t love to go out and get his hands on some lip-smacking chicken fries? We’re sure not one of them. In this article, we will discuss unknown facts about one of the most popular food chains. Many of you would have guessed the name by now. Yes, it is KFC.
KFC stores are located in more than 105 countries and were first opened in 1930 in front of a gas station by Harland Sanders, a gas station operator. He never thought of it as a business but considered it a hobby. KFC’s Original Chicken recipe was developed in the 1940s and is now considered the company’s greatest asset. The history of this food chain is quite interesting. In 1986, PepsiCo bought the KFC restaurant chain for $850 million. It is owned by Yum! Brands, Inc., which also owns Taco Bell and Pizza Hut.
Let’s learn some surprising and less known facts about one of your favorite food chains.
Harland Sanders is the face of KFC and creator of its signature chicken recipe, but the name Kentucky Fried Chicken wasn’t given by him. In reality, both the name and bucket meal’s creation credit goes to a painter hired by one of the franchises.
Sanders Court & Cafe
KFC stands for Kentucky Fried Chicken. But, the company wasn’t always named this. It was earlier known as Sanders Court & CafĂŠ, after the name of Harland Sanders and Kentucky is its place of origin. Harland operated its first store in front of a gas station in North Corbin, Kentucky, which is still there with a museum. He had also served in the army as a mule-tender. He was later made an honorary Colonel along with 5000 other people in 1953 by the Governor of Kentucky for his contributions to the state’s cuisine. He was a Colonel of the state of Kentucky and not a Military Colonel. He also got a mention in the 1939 book – Adventures in Good Eating. This information is mentioned on the official website, which states the history of KFC. After Sanders realized that people were more into chicken and not petrol, he turned the petrol station into a restaurant and motel and named it Sanders’ Court & CafĂŠ.
First KFC Restaurant
KFC First Restaurant | Kentucky Fried Chicken
The first restaurant, which was going to be named Kentucky Fried Chicken, was opened in 1952 in Salt Lake City. This happened after Sanders met restaurant owner Peter Harman over a food seminar.
Official Adoption of the KFC Name
The food chain was widely known as Kentucky Fried Chicken. In 1991, an attempt was made to adopt the name KFC so that the chain could distance itself from the ill opinion coming from the word “fried”. This thing was admitted by Kyle Craig, president of KFC US.
You might be surprised to know that bucket meal wasn’t on the food chain menus initially. Earlier, single pieces of chicken were sold. In 1957, the bucket meal was introduced and included several pieces of chicken, bread rolls, and gravy. Another interesting fact is that the KFC bucket meal was started in 1939 but didn’t sell until 1957.
Auction of the Trademark White Suit
Colonel Sanders trademark white suit was purchased at auction by the President of KFC Japan at a whopping price of $21,510. After this, KFC opened bidding for Sanders’s other personal items for charity.
Speculations About the Secret Recipe
KFC’s secret recipe is indeed private and is kept locked in a safe in Louisville headquarters. Along with it, vials of spices and herbs to be used are also saved. Some assume that the recipe might contain crack, which makes the chicken so addictive. Colonel Sanders left the blend of 11 herbs and spices of the trademark chicken recipe in his mind before he wrote it down on a piece of paper which he kept in his wallet. Now, the formula is under a lock, with just a few company members allowed to access the information. Many people try to figure out the recipe. KFC’s recipe has been the same since 1940, except that they changed their oil brand for a healthier one. The famous fried chicken food chain is sometimes also referred to as – “Kids Fattening Centre”. Top authorities of KFC never made the list of herbs used in making chicken public, but they once revealed that it consisted of salt and pepper and that the other ingredients were common herbs that could find in almost every kitchen.
The original recipe was made in 1940, according to KFC. It is nearly impossible to decode the original formula of KFC, but there is a substitute in the market worthy of competing with the original recipe. Marion-Kay Spices, also known as 99-X, once sold mixtures to franchises but, after his death, it was barred from selling mixes to any KFC franchise. The bottle costs just $22 and is nearly indistinguishable from the authentic blend.
Change brought by Pressure Cooker
Sanders was never a fan of deep-fried chicken and instead liked to pan fry it, which usually took a long time. With a pressure cooker coming on the market, Sanders used it for cooking chicken despite the risk of explosion and poor design. He liked cooking his chicken like that to him, and its taste resembled that of pan-fried chicken.
Colonel’s own video game and comic book
KFC – Colonel Quest
The game is called – Colonel Quest, and it aims to collect as many chicken drumsticks as possible. There’s also a comic book by the name – The Colonel’s Adventure Comics, which shows various events in the Colonel’s life which lead to the discovery of fried chicken.
The Colonel’s Adventure Comics
Kentucky Fried Chicken was sold for $2 million
Colonel Sanders sold KFC in 1964 on conditions for $2 million to investors so that he could get a place on the board.
April Fool’s Prank Became an Instant Hit
KFC introduced The Double Down via a press release on April Fool’s day. This mashup sandwich consists of two fried chicken breasts wrapped around cheese and bacon. Although America’s population likes fatty food, it was not just America where this meal became famous. It was sold out within hours of its release in various parts of the globe like Japan, British Columbia, French Canada and Australia.
KFC’s popularity out of America
The food chain is not just popular in America but other countries as well. Currently, its franchisees are spread in 105 countries with around 23,000 KFC locations. Many American fast-food chains are widespread globally, and KFC has become successful in becoming one of them. According to Forbes, KFC is currently valued at $8.5 billion.
KFC Crocs
KFC Crocs are a real thing and have two versions. The first one resembles a classic clog which is just like any typical croc but has a twist. The top has a fried chicken print with two removable Jibbitz, which are chicken-scented and look precisely like a chicken drumstick, and the bottom has a classic KFC bucket design. The sad part is that you can’t eat those chicken-scented drumsticks. With no surprise, Kim Kardashian has a pair of those crocs.
KFC Pizza
KFC Pizza
Yes, KFC Pizza is a real thing, and it’s too delicious. KFC and Pizza Hut came together in 2019 to create this masterpiece. They made a massive Popcorn Chicken Pizza with KFC’s gravy as the base and mozzarella cheese topped with Popcorn Chicken.
KFC arranged a couple’s wedding
KFC Couple | Hector Mkansi and Nonhlanhla Soldaat
A video of the lovely couple – Hector Mkansi and Nonhlanhla Soldaat went viral in which Hector was seen proposing to Nonhlanhla. After this, people willingly came forward to contribute to the couple’s wedding. KFC South Africa helped them by providing a wedding planner. Many other companies such as Airlines Kulula, Mago, Uber, Lexus and Audi also offered their services to the couple.
KFC Couple | Hector Mkansi and Nonhlanhla Soldaat
Marketing went wrong in China
Sadly, ‘finger-lickin’ good” was mistranslated in a few locations of China. It was translated as “eat your fingers” for a while until corrected. Currently, KFC has 4563 outlets in the country with over 50 items on the menu in each store.
Christmas in Japan
There was a very successful marketing campaign run in Japan in 1974 – “Kurisumasu ni wa kentakkii!” which means “Kentucky for Christmas”. Japanese people love to eat fried chicken, but enormous orders are placed on Christmas for chicken dinner. The amount of craze can be estimated because there is a three-story KFC located in Tokyo, which even has a full whiskey bar. It can be considered that it is a tradition to eat KFC on Christmas Day in Japan. Massive orders are made in advance. Japanese people enjoy buckets of fried chicken throughout November till Christmas Day.
All-You-Can-Eat Buffet in Japan
These buffets have become quite popular recently, and restaurants have allotted one and a half hours to people to eat as much fried chicken as they want without worrying about the bill as the meal would cost the same as that of a bucket. Just imagine unlimited chicken, and that would catch you drooling.
There were some less known facts about your favorite fried chicken food chain. We hope that you enjoyed reading the articles.
FAQs
What does KFC stands for?
KFC stands for Kentucky Fried Chicken.
Who founded KFC?
Colonel Sanders and Pete Harman have founded KFC in Kentucky, United States on september 24, 1952.
How many times KFC failed?
Colonel Sanders Failed 1009 Times before his chicken was accepted.
The capital of Odisha and the second earliest planned city of Independent India, Bhubaneswar is not just a beautiful city but a slowly growing startup city of India. Any place becomes a “city”, “state” or “country” because of the people who live there. And the people of Bhubaneswar are trying to change the world with their innovative ideas and startups. Letâs throw some light on the successful entrepreneurs and startups in Bhubaneswar.
Before proceeding, if you know any other startup in Bhubaneswar, then please let us know in the comments. We would love to feature them on this list of startups in Odisha.
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StartupTalky is where founders, entrepreneurs, startups and businesses hang out and look up to for inspiration. If you have the means, we have the medium! Inviting founders and startups who are building sustainable solutions from ground zero! Startups who run the show, StartupTalky will let the world know!
We have also covered startups in Hyderabad, Bangalore, and other major cities in India.
Is Bhubaneswar Best Place For Startup business in Odisha?
Arrelic
Founder: Deepak Kumar Sahoo Industry: IoT Founded in: 2016
Arrelic Logo | Startups in Bhubaneswar
Arrelic is a firm based on IoT (Internet of Things). The main focus of the company is to help manufacturing companies improve overall plant productivity, reliability, and minimize production costs. Besides IoT, they also provide analytics and consulting services.
Deepak Kumar Sahoo is the founder and CEO of Arrelic. He holds his MS degree in Reliability Engineering and did post-graduation in Engineering Management. He has hands-on experience in Asset Performance Management, Reliability Engineering, Predictive Analytics, and Operational excellence roles in fortune 100 companies across the Middle East, Asia, Africa regions in various industries.
Prantae Solutions
Founder: Sumona Karjee Industry: Healthtech Founded in: 2015
Prantae Solutions Logo | Startups in Bhubaneswar
Sometimes, you see people facing some problems and make a business model around it. But sometimes, the harsh reality of life punches you so hard that you canât see anyone else in that pain, so you try to initiate something. Prantae Solutions which is a Bhubaneswar-based startup started in 2015, has a similar story.
Weeks before the delivery, the doctors were claiming that the baby will bear healthy. But the founder, Sumona Karjee had to undergo surgery to see her daughter. Even though the doctors were successful in the delivery, the child born was so week that it weighed just 900 gm. After 45 days in NICU, the baby survived. Fortunately, the mother of that girl was a researcher and after all this, she decided to help others who are going-to-be-mothers. Prantae Solution researches these types of problems and tries to find the easiest solution.
Founders: Raunak Singh and Sarvesh Pathak Industry: Food Delivery Founded in: 2016
BringMyFood Logo | Startups in Bhubaneswar
With a vast variety of food and an easy-to-order interface, this service can beat Swiggy and Zomato. However, BringMyFood is available in only Bhubaneswar, Lucknow, Varanasi, Prayagraj, Vizag, Puri, and Kolkata for now. Moreover, its application is available for both platforms, Android and iOS. You can also order directly online.
BMF Technologies Private Limited is the parent company of BringMyFood. It was founded by Raunak Singh and Sarvesh Pathak in 2016. The headquarter is based in Bhubaneswar.
MedTel
Founders: Dr. Lalit Manik, Shashank Singhal, Ajit Choudhary & Siba Prasad Panda Industry: Healthtech Founded in: 2017
MedTel Logo | Startups in Bhubaneswar
MedTel is a startup company in Bhubaneswar. It is the medical aggregator which combines specialist teleconsultation, diagnostics, and drugs in one place. There are some products which MedTel deals in, for doctors. Also, there are many services that make it easy for doctors to save someoneâs life. The team of the startup includes some really good doctors and managers who work hard to ease the process of medication fast. It is one of the best startups in Odisha.
MedTel was founded by Dr. Lalit Manik, Shashank Singhal, Ajit Choudhary, and Siba Prasad Panda. Dr. Lalit is the President of MedTel whereas Shashank is CEO, Ajit is CTO and Siba is the Head of Telehealth Pod Operation. There are many doctors who serve as the advisors of MedTel.
Slick Account
Founders: Sanmaya Kumar and Bibhu Datta Industry: Fintech Solutions Founded in: 2013
Slick Account Logo | Startups in Bhubaneswar
If you are a nerd and going to launch a tech-based startup then you need to consider the financial aspect of the company. Accounts are the blood of the company, it matters less if it is a little low or high, but it is important. The slick account helps you with all the problems you face in the accounting of the company. With Slick Account, you can focus on more important problems of your startup.
Slick Account, a Bhubaneswar-based startup was founded by Sanmaya Kumar and Bibhu Datta. Sanmaya serves as the CEO and CTO of the company whereas Bibhu is COO of Slick Accounts.
Etrix Technologies
Founders: Harshwardhan Kumar, Nitin Kumar, Satish Kumar, Dhiraj Choudhary & Josef Suess Industry: Web Development Founded in: 2015
Etrix Technologies | Startups in Bhubaneswar
With experts in the fields of cloud computing, artificial intelligence, mobile apps, etc., Etrix is the best web solution company in Bhubaneswar. They provide all the services from desktop application building to IoT. Etrix Technology has been recognized by platforms like Nasscom, Startup India, NSTDB, Startup Odisha, etc.
Etrix Technologies was founded by Harshwardhan Kumar, Nitin Kumar, Satish Kumar, Dhiraj Choudhary and Josef Suess. Harshwardhan is the CEO whereas Nitin works as CTO, Satish as COO and Dhiraj as CMO of the company.
Grozip
Founder: Ananda Mishra Industry: Grocery Delivery Founded in: 2015
Grozip Logo | Startups in Bhubaneswar
Grozip is a hyper-local delivery company and one of the top startups from Odisha. It facilitates B2B and B2C delivery in 4 cities of India. The cities are Puri, Bhubaneswar, Cuttack and Rourkela. It operates as a marketplace model and onboard small and medium businesses to their technology platform to increase their client’s sales and help them reach more customers. As a customer, You can get all the grocery products on your doorstep with this service.
Grozip, a Bhubaneswar-based startup, was founded by Ananda Mishra. Ananda is a graduate of Orissa Engineering College where he did a B.Tech in Computer Science.
Founder: Debansh Das Sharma Industry: E-commerce Founded in: 2015
Classystreet Logo | Startups in Bhubaneswar
Classystreet is a women-centric clothing e-commerce startup. It sells only traditional women’s clothes. Classystreet’s mission is to bring all the beautiful traditional fascinating pieces of artistry from the master weavers, designers & craftsmen into its platform. They showcase their work to the lovers of this traditional form of Indian ethnic & handloom wear. The startup is helping talented designers and weavers earn a living and also letting the world know about their talent.
This Bhubaneswar-based startup was founded by Debansh Das Sharma in 2015. Debansh completed his bachelor’s in Marketing in 2003.
Vasitars
Founders: Vishal Chandra Khan, Abhishek Kumar and Aditya Gupta Industry: Industrial Solutions Founded in: 2017
Vasitars Logo | Startups in Bhubaneswar
Vasitars was founded in 2017 by 3 IITians. It deals with the solutions to the problems related to the pipelines. The reason this startup made it to our list is that those 3 students invented âNano Filler Reinforced Polymer Composite Wrap to Repair Corroded Pipelinesâ with the help of their academic excellence. Vasitars now deal with brands like JUSCO, Indian Oil, ONGC, etc.
Innocule
Founder: Gyan Ranjan Das Industry: Chemicals Founded in: 2014
Innocule Logo | Startups in Bhubaneswar
Innocule, a Bhubaneswar-based startup, deals with the products and services related to the mineral industry. With the experienced professionals and good R&D team, Innocule was successful in acquiring deals from mineral giants like TATA Steel, Ultratech Cement, and Ambuja Cement. The Company offers innovative products and services to mineral industries for enhancing their productivity and cost-effectiveness.
Santaan
Founder: Raghab Prasad Panda Industry: MedTech Founded in: 2015
Santaan Logo | Startups in Bhubaneswar
Santaanis a fertility center and research institute, based in Bhubaneswar, Orissa. It offers a wide range of services such as blood tests, intrauterine insemination, in vitro fertilization, intracytoplasmic insemination, semen analysis, hysterosalpingogram, genetic testing and more. It offers personalized treatments for both genders and provides them better service to get diagnose with fertility-related problems.
Santaan is a MedTech startup that trains and enables medical and paramedical staff in such a way that they can provide the best service to patients, especially those based in tier 2 and tier 3 cities of India. The startup was incorporated in 2015 by Raghab Prasad Panda with a key focus to develop a platform that can guide the couple on every step of their way to pregnancy.
O-Launchpad
Founder: Om Swarup Bindhani Industry: Commercial Real Estate Founded in: 2019
O-Launchpad Logo | Startups in Bhubaneswar
When it comes to finding the best co-working space in Bhubaneswar, managed office space, and the best co-working office spaces in Odisha, O-Launchpad is the pioneer. Besides providing better co-working space and office designs, O-LaunchPad is boosting the startup ecosystem in India by its appealing modern infrastructure, hot-desks, gaming work stations, and other co-working support to startups & entrepreneurs at affordable rates.
It also provides customized working space as per your need and business, ensuring that no budding entrepreneurs have to worry about their infrastructure or office setups.
MachPhy Solutions
Founders: Pradeep Rout, Suraj Kumar and Gaurav Anand Industry: Cloud-chain Solutions Founded in: 2017
MachPhy Solutions Logo | Startups in Bhubaneswar
MachPhy Solutions, a Bhubaneswar-based startup, provides cold chain solutions to maintain the quality of products during transportation – be it pharma, health, agriculture, dairy products, frozen foods, and other perishable products.
MachPhy has expertise in almost every field like robotics, machines, agricultural systems, cold-chain solutions, solar solutions, etc. which helps them to cover a wide range of consumers who can avail their services at an affordable rate.
The startup aims to provide the best user experience and cold chain solutions via its best available modern techniques and technologies so that it can add value to its customers.
Founders: Pranab Ranjan Choudhury and Bhabhani Sankar Swamy Industry: Food & Beverages Founded in: 2016
Aranyak EcoHarvest Logo | Startups in Bhubaneswar
Bhubaneswar-based startup Aranyak EcoHarvest bridges the gap between the urban consumer and the traditional farmers by bringing the naturally grown products on their plate.
Aranyak EcoHarvest’s goal is to provide better livelihood to rural/tribal people thus maintaining a sustainable environment of local biodiversity and natural resources by promoting sustainable consumption among urban consumers. It provides hand-picked products from farmers to urban consumers.
EzeRx
Founders: Partha Pratim Das Mahapatra, Chaitali Roy and Sudip Roy Chowdhury Industry: MedTech Founded in: 2018
EzeRx Logo | Startups in Bhubaneswar
EzeRx is a MedTech & BioTech startup founded in 2018 which aims to develop highly progressive medical devices and innovative solutions to improve people’s health by preventing, diagnosing, monitoring and treating diseases. MedTech products enable early and accurate diagnosis of the disease in order to prevent the death rate.
What really makes it unique is the hassle-free screening and diagnosis of preventive healthcare problems at an affordable price, using a simple non-invasive, portable device.
EzeRx proposed to launch 12 such centers by FY21. The startup has been incubated at KIIT-TBI (KIIT Technology Business Incubator) since 2019. Before this round, EzeRx had raised its first round of funding of Rs 25 lakh, at the valuation of Rs 8.35 crore, from the INVENT program.
Lyflink
Founders: Dr. Sarthak Patnaik,Tushar Patnaik, Kamini Parmar, and Harish Kumar Industry: Telemedicine Founded in: 2017
Lyflink Logo | Startups in Bhubaneswar
Bhubaneswar-based telemedicine startup ďťżLyflinkďťż was founded in 2017 to bridge the gap between doctors and patients. While teleconsultations have become the order of the day in wake of the pandemic, Lyflink has been helping infected patients in both rural and urban areas to connect with specialists for COVID care.
The consultation fee for those who can afford is nominal but for needy people of Odisha who cannot afford is free. Lyflink provides you a platform to consult the best doctors with the fastest appointment from any place and anywhere.
The best part is your money will be refunded if you’re not satisfied with their services.
SuperBikeStore
Founder: Soumendra Jena Industry: E-commerce Founded in: 2014
SuperBikeStore Logo | Startups in Bhubaneswar
Superbike Store was founded in 2014 by SJ with an aim to bring the best possible shopping experience to users via its online platform. It is the one-stop solution for superbikes. This Bhubaneswar-based startup provides bikers an online platform that would meet their superbike accessories’ requirement with over 27000+ products from all the famous brands in the world.
Superbikestore offers a complete solution to select one of the best motorcycle gear in India along with helmets, jackets, parts, tires & more at great deals.
Founder: Priyam Mohanty Industry: Aerospace and Defense Founded in: 2016
Tzar Aerospace Logo | Startups in Bhubaneswar
Bhubaneswar-based Tzar Aerospace Research Labs is a registered startup company known for its modern and innovative Aerospace solutions to its commercial as well as civil customers.
The main purpose is to design and develop a conceptual unmanned Hypersonic Research Aircraft with new computational approaches and methods. Tzar Aerospace has been taking up the projects under the category of Swachh Bharat, renewable energy, drone manufacturing, aerospace engineering, biochemical and robot technology, etc. to promote startups, generate employment and make India stronger.
The aerospace industry has been significantly affected by the COVID-19 pandemic that has led to the dramatic drop in-flight services, thus aircraft demand slowed down. However, as soon as things get back to normal this industry is expected to remain stable.
TechBairn
Founder: Ashutosh Kumar Shandilya Industry: EdTech Founded in: 2019
TechBairn Logo | Startups in Bhubaneswar
TechBairn, a pioneer in the EdTech industry, is the fastest-growing professional training platform in the country with offices in Bhubaneswar, Delhi, and Patna. During the initial days of the startup at Bhubaneswar, Ashutosh offers offline classes to around ten students along with his engineering. His unique teaching style helped him to attract more students to join his classes.
That was a Eureka moment for him. He thought to bring an end to the need for physical space where teachers and students assemble for the classroom sessions. TechBairn develops a new form of learning that enables to bridge the gap between academic and experiential learning by giving thousands of students and trainees inspiration to embrace their tech careers with ease.
It has collaborated with different reputed colleges and universities, including NIT Durgapur, St. Jhon, Techno India, BIT Mesra, DTU, Army Institute of Technology, Pune, KIIT, SOA, and the list goes on.
By the end of 2025, it will be creating the worldâs largest educational marketplace where anyone can teach and anyone can learn at a very affordable price.
SenCiCare
Founders: Plaban Mohapatra, Basant Mohapatra and Debashish Dash Industry: Service Founded in: 2020
SenCiCare Logo | Startups in Bhubaneswar
SenCiCare, a Bhubaneswar-based startup, providing a one-stop solution to senior citizens. This is a one-stop destination via which they can avail various services like: delivery of groceries, medicines, veg and non-veg items, installation, repair and maintenance of home appliances, payment of bills, organizing various rites and rituals by arranging Purohit, Prasad and Puja materials, arranging telemedicine, teleconsultation and pathological tests at home.
COVID-19 has put the life of senior citizens at a higher danger of contamination. To help such people, the startup came forward by urging them not to step out of their house as they’re there to take care of their day-to-day needs.
After receiving good responses in Rourkela, Bhubaneswar and Cuttack, the startup is now planning to diversify in other cities as well.
Frequently Added Questions – FAQs
What are the startup companies in Bhubaneswar?
List of startup companies in Bhubaneswar or list of companies in Bhubaneswar:
Arrelic.
Prantae Solutions.
BringMyFood.
MedTel.
Slick Accounts.
Etrix Technologies.
Grozip.
Classy Street.
Vasitars.
Innocule.
Santaan.
O-Launchpad.
How to register a startup company in Odisha?
A startup entity may register for recognition (consideration as a startup) online by filling a Startup registration Form. The documents to be submitted include the incorporation certificate and the proof of innovation.
How can I register a company in Odisha?
Steps for Company Registration in Orissa/Odisha:
Step 1: Acquire Digital Signature (DSC).
Step 2: Apply for DIN (Director Identification Number).
Step 3: Apply for Name Approval.
Step 4: Form SPICe (INC-32).
Step 5: e-MoA (INC-33) and e-AoA (INC-34).
What are the best business ideas in Bhubaneswar?
Some best business ideas in Bhubaneswar orbest business opportunities in Bhubaneswar:
Candle Making.
Car Rental Business.
Cashew Nut Processing Business.
Computer Training Institute.
Diagnostic Center.
Is Bhubaneswar the IT Hub of India?
Popularly known as the temple city of India, Bhubaneswar has emerged as the fastest-growing IT hub in India. The leading companies like Infosys, TCS, Tech-Mahindra, Wipro, IBM, Genpact, and many other companies have already been present here. Bhubaneswar has a major advantage over any other IT hub, i.e. the transportation system and the cost of living is quite low as compared to Bengaluru or Pune.
Uber has become synonymous with cab service and the name itself needs no introduction. You can book a ride with just one tap. The app connects drivers present in more than 150 cities of the world. The total duration between booking a ride and pick-up ranges between 15-20 minutes. The company is a US based startup and launched itself in India in the year 2013. It was first launched in the city of Bangalore. Now, it is operating in many cities of our country.
This cab service providing company has millions of users and drivers. Uber has been in the limelight for various reasons, both good and bad. There are many things about Uber which many people still donât know. This article will cover all those unknown facts. Keep scrolling the article to fulfill your curiosity about the same.
The company was founded by Garrett Camp and Travis Kalanick in 2009. The idea of cab services hit the founder- Camp when he noticed the high cost of transportation and then came up with the idea of an affordable alternative. Travis Kalanick is a college dropout from University of California, Los Angeles. Uber was the third venture by Travis Kalanick. Garrett Camp is also the founder of StumbleUpon. The company was earlier named as UberCab and then in 2011 the company changed its name to Uber when it was introduced in San Francisco.
A Nuclear Physicistâs Entry in the Company
You might be feeling confused after reading this. But, itâs true that the company once hired a nuclear physicist, a neuroscientist and a machinery expert. This was done in order to understand the demand of the service. It helped them predict the areas where the demand was high and for providing an accurate method of recommending fare using the GPS.
Keeping the drivers in dark about the destination
Uber drivers donât know the destination of the passenger while receiving the ride request. Uber Drivers become aware of the destination once they agree to pick them up. It is quite a weird thing and it is not known why Uber does this.
No discount for Uber drivers
Uber doesnât offer any sort of discounts to itâs drivers. If you think that they might be getting some off or discount on rides in Uber then, you are wrong. However, they are provided with other incentives.
Ratio of Men: Women drivers is quite less
There is quite a low ratio of men:women drivers in the company. A study has suggested that there are only 14% of women drivers in the company. Uber is planning to increase the percentage and in the past also aimed to add 1 million female drivers by 2022.
Uber hires just three employees per city who are responsible for handling all the operations within that city. For any concerns, these three people have to be contacted.
Each drivers gets an iPhone
Company gives the latest model iPhones to all its drivers so that the driver can track your location and reach on time. iPhone is just used for this purpose and all the other features arenât available for the drivers.
No cash, just digital money
Uber has a No Cash policy which means that you can not pay the drivers using cash. Credit cards can be used to create an Uber account. No debit cards are accepted. But there is more cash using population in our country. There is a very small percentage of people who do cashless transactions.
Age of Uber Cars
Uber is quite strict in terms of age of the car. Drivers are not permitted to use a car that is more than 10 years old. This restriction is beneficial for passengers as no one would like to spend money on some old ride.
Uber’s Annoying alarm
Uber drivers have a common complaint from the company and that is the annoying alarm. Alarm signals a ride request and its sound is quite hard to miss. Sole benefit of this alarm is that the sound can not be missed.
Rating of users
Till now, you must just be aware of the fact that driversâ are rated by the users. But, itâs also the other way round. Drivers also rate you according to your behavior. Rating affects your pick-ups as if you are a bad rated user then, youâll be a less preferred customer. Keep this point in your mind before you make an Uber driver wait for you.
Incentives for New users
Uber is seen as a company which never fails to attract customers. It indulges in various marketing strategies. One of them is offering free rides to users on special occasions. Various other cab services have not been able to match Uber on this front. It has been able to afford such innovative marketing because of large investors such as Google and Kleiner Perkins.
Currency drain
Uber is a US based company. The money charged from people goes to an Uber account near Amsterdam from where it is further transferred to US Wells Fargo account. After 7 days, 80% of the money paid by customers comes to a driverâs account. Many complaints regarding foreign exchange have come into the notice of RBI. If the company wants to operate in India then, it has to make various changes in its current way of operation. Such complaints have been registered in other countries as well.
Not so affordable rides
If we see the base fares, cost per km and cost per minute then, Uber Black luxury rides seem to be quite expensive when compared to the same services offered by rival companies. Recently, Uber has launched UberX which offers cars such as Toyota Etios and Maruti Swift Dzire at very nominal cost. Letâs see if this new idea is able to attract more customers.
Company earns by playing middleman
The cars which operate under the name of Uber arenât owned by the company. Uber just acts as a middleman between people and cab drivers.
Uber likes to experiment with various new concepts. It recently introduced UberKITTENS in the US. It was started in seven cities and provided the option of spending time with real kittens.
No service in Antarctica
Uber doesnât offer itâs services in Antarctica. Itâs services are operational in 173 countries of the world and have millions of users. Uber has conducted more than 5 billion trips since itâs launch.
Love of the company for Latin
Do you know what Los Ubers are? It is a group of Uber employees who have come together with the single motive of spreading the greatness of Latino culture all across the globe. This makes the company’s love of Latin very clear to us.
World record of longest Uber ride
The longest Uber ride was 3361 Kilometers’ long and this incident took place in 2017. This is another amazing fact about the company. The driver drove 2256 miles or 3361Km. He drove a YouTube celebrity from North Carolina to California.
Name is shared by a design firm
Uber Technologies shares its name with a design firm that was established in 1999. It has happened several times that when Uber Technologies was amid some controversies, the design firm was made a target for many lawsuits.
So, these were some of the unknown facts about the company. Hope you enjoyed reading the article.
FAQs
What is Uber famous for?
Uber Technologies is an American app-based transportation platform.
Why is it called Uber?
The name Uber is derived from the German word meaning “above all the rest”.
When was Uber app founded?
Uber’s mobile app was officially launched in San Francisco in 2011.
Is Uber kitten real?
Uber recently introduced UberKITTENS in the US. It provides the option of spending time with real kittens for 15 minutes.
What is the longest Uber ride ever?
The longest Uber ride was 3361 Kilometers’ long and this incident took place in 2017.
Shubham Kumar
