StartupTalky

Tag: Covid-19

  • Covid-19 Impact on Logistics Industry | Is it a Good Time to Start a Logistics Business?

    The Covid19 pandemic turned the entire economy upside-down. The whole world faced its effects. People, their jobs, and businesses everything had to face the pandemic’s consequences.

    Since the whole world got shut down, it affected various businesses. One such example here is the logistics firms.

    These firms deal in storage, movement, and proper flow of goods. Logistics firms play a crucial role in connecting the companies with the market. Due to travel and other restrictions, this connection got disrupted.

    Now, we are in the recovery stage and so are the logistics firms. The logistics with the help of technology can function at a normal pace, but is it a good time to start a logistics business in 2021?.

    What is a Logistics Business?
    Logistics Business and The Covid19 Pandemic
    Problems faced by Logistics Startups During Pandemic
    How did the Logistics Industry Respond to the Crisis?
    Is It a Good Time to Start a Logistics Business?
    FAQs

    What is a Logistics Business?

    In simple words, logistics refers to the management of the flow of things between the companies and customers. Logistics companies perform various functions. These include planning and implementation, storage and movement of goods and services.

    The movement of resources is not limited anymore. It is now a global process. Every business needs a proper supply chain for its successful functioning. A supply chain may include, storage, transportation, management. It may also include inventory handling, warehousing, security, etc.

    Logistics companies play an important role within a supply chain. These companies may perform all or few functions, according to the client’s requirements.

    Thus, logistics companies help businesses with these functions. Today, the term ‘logistics’ is synonymous with ‘efficient flow’ in the business sector.

    Logistics Business and The Covid19 Pandemic

    The covid-19 outbreak began in late 2019 in China. The World Health Organization (WHO) declared the worldwide pandemic in early 2020. At that time, nobody knew what it was and how to deal with it.

    Most of us expected it to be a virus that might end soon. But none of us was aware or prepared for its consequences. International borders got closed, travel and transportation got restricted.

    Lockdowns across the borders restricted the movement of goods and services. Warehousing, inventory handling also got affected due to social distancing. All such disruptions in the supply chain affected the logistics business.

    Problems faced by Logistics Startups During Pandemic

    Border Closure:

    The foremost and biggest problem was border closure. This made the whole supply chain come to a halt. Transportation could not take place at all. The logistics companies found it difficult to maintain the supply chain.

    Workforce Disruption:

    A logistics business is not something that one man can run. It requires a complete workforce to perform its functions. Due to lockdowns, the workforce got reduced.

    Reduced Demand:

    Due to the pandemic, consumers’ disposable income got reduced. This caused a reduction in the demand for various goods and services. Thus, the logistics businesses had to face losses.

    Unpredictable Demand:

    The demand for various goods was decreasing. But at the same time, the demand for some goods began to increase. These included medicines, masks, sanitisers, disinfectants, medical appliances, and more.

    This uncertainty in demand caused unpredictability within the logistics industry. Thus, affecting their regular planning and management procedures.

    Unstable Market:

    Many sectors in the market faced a downfall during the pandemic. Both demand and supply chain got affected, making the market unstable. For a logistics business, working in an unstable market became a road to losses.

    Irregular Profits:

    The demand and supply got reduced on the consumer and corporations’ end. This disrupted the cash flow in the logistics industry. The logistics businesses had to face irregular profits.

    A Curse for Small Players:

    The pandemic had the worst impact on small logistics businesses. These small players did not have appropriate technology, backup, or recovery plans. They could not afford the expenses of tools as per health guidelines. Many had to shut down due to a lack of profits and increasing losses.

    How did the Logistics Industry Respond to the Crisis?

    The beginning of the pandemic harmed the logistics businesses. But, later on, logistics startups began to recover and bounced back in the market.

    In the second half of 2020, logistics startups began to play an important role. They helped to provide the goods to the consumers at their doors. They also ensured safety protocols alongside.

    The logistics industry helped in maintaining the flow of essential goods. They ensured a smooth flow of medical supplies across the globe.

    E-commerce goods and services, delivery at the doorstep became the need of the hour. All this required efficient logistics. Here the logistics startups played a crucial role. This is how logistics startups began to bounce back in the market.

    Is It a Good Time to Start a Logistics Business?

    The pandemic made the world shift from offline to online. Every sector is digitizing. So is the logistics industry. The halt in the supply chain made the logistics industry revamp its measures.

    The traditional plans and implementations made the companies unable to fulfil consumer demands. Now, the consumers want service reliability despite any hindrances.

    So, if you want to start a logistics business make sure to stick with technology. It is better to invest in the following:

    Internet of Things (IoT):

    This helps your business operations to be efficient, smooth, and transparent at the same time.

    Blockchain:

    The world is moving at a faster pace. Time is too precious a waste on unnecessary printing and scanning. So, it is important to opt for documentations based on blockchain.

    Artificial Intelligence (AI):

    Another important thing to include in your logistic business model is AI. This helps to deal with uncertain demands in the supply chain.

    Various logistics startups are digitizing the industry and making it a profitable space. Examples- Budbee, Airmee, Cargo One, Sender, AxleHire, etc.

    Thus, if you are planning to start or invest in a tech-based logistics business, it is a good time. However, the industry has become extremely competitive with new technologies. So, it is important to do your detailed research. Plan well, build a team, know your technology and only then enter the market.

    Conclusion

    The logistics industry got affected by the pandemic. But it also learned to fight the crisis with technology. The whole marketplace is digitizing.

    The technological era made the logistics industry super competitive. At the same time, technology has made it profitable as well.

    New technologies like data analytics, automation, solution platforms, AI, etc. are a must. The logistics companies that understand how to use these technologies for their benefit are sure to win.

    FAQs

    What is a Logistic Business?

    Logistics companies perform various functions. These include planning and implementation, storage and movement of goods and services.

    What are the problems faced by the Logistics Business during the Pandemic?

    These are the list of problems faced by the Logistics Industry during a pandemic are Border Closure, Reduced Demand, Unstable Market, Irregular Profits, etc.

    List some Logistics Companies in India.

    Here are a few examples of Logistics Companies in India are Transport Corporation of India Ltd, Mahindra Logistics Ltd, Aegis Logistics Ltd, AllCargo Logistics Ltd, etc.

  • Growth Of Online Doctor Consultation Market During Pandemic

    In an era, where everything is available at the click of a button it is no surprise that even a specialist doctor or a clinical examination could be done online. Online doctor consultation is a coveted field in India and is able to offer services like telehealth, telemedicine, telecare, and digital health care services. According to the survey conducted by Accenture in 2017, over 70% of the consumers are willing to experience health care services virtually, while 20% have already experienced virtual healthcare.

    Many startup companies are looking to make it in the industry as it is currently rising. The consumer’s expectations for a convenient healthcare system are evolving while the healthcare industry is continuously striving to meet people’s needs with the help of technology. The telemedicine market in India is expected to reach $5.4 Billion by 2025 with a CAGR of 31%.

    The online doctor consultation allows the dissemination of specialized knowledge among the medical community through advanced networks, reviews, emergency medical consultations during an epidemic or crisis among others. According to a report by Practo, online doctor consultations have increased 500% since March 2020, as five crore Indians are now accessing healthcare online amidst the COVID-19 pandemic.

    Telemedicine Industry in India
    Growth of Online Consultation in India
    Importance Of Online Consultation
    Target Audience of Telemedicine Industry
    Future of Telemedicine Industry in India
    FAQ’s

    Best Online Doctor Consultation Apps in 2020
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    Telemedicine Industry in India

    The Telemedicine Industry is expected to create more than $5.4 billion market opportunities by 2025. Practo, DocPrime, mFine, CallHealth, and Lybrate are some of the leading startups in India’s telemedicine market. The COVID 19 outbreak has created many challenges in traditional healthcare systems, as citizens have not been able to consult with the doctors physically.

    This situation has led the government to change the regulations around remote delivery of healthcare services and allow telemedicine via video, audio, or text. Telemedicine will not only help these startups address the spread of Coronavirus but also improve access to healthcare in rural areas. Innovative technologies are allowing health organizations to enhance access and reduce the burden on hospitals through real-time consultation with doctors through online services.

    top doctor consultation sites in India
    top doctor consultation sites in India

    Telemedicine will reduce the time of consultations and improve the quality of healthcare services in rural areas, removing many infrastructural challenges. The World Health Organization (WHO) recommends every country to have a ratio of 1:1000 doctor to patient ratio, India only has one governmental doctor for every 1,139 people.

    According to a report, India has a shortage of 600 thousand doctors and 2 million nurses. This leads to limited face-to-face consultations among patients. Secondly, India also has a shortage of hospital beds, which makes hospitalization difficult and there needs to be better infrastructure and facilities whereas with the help of online consultations the healthcare sector can reduce its problems.

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    Growth of Online Consultation in India

    Online consultation has become popular in India because it is easier and safer to access healthcare via call, video, chat with doctors, especially during the COVID-19 pandemic. The health ministry has urged people to take advantage of telemedicine services during the lockdown. And since then the usage of online consultation apps and medicine delivery services has been on the rise.

    The pandemic has encouraged people to use the platform and consult a certified medical practitioner rather than resorting to self-medication. Online consultations are known for specialties such as Gynecology and Dermatology, while other specialties like mental health, pediatrics, ENT, ophthalmology, and gastroenterology are all well-known departments.

    The growth of telemedicine in India
    The growth of telemedicine in India

    The telemedicine sector is steadily increasing not only across metropolitan cities but also in smaller cities like Hoshiarpur, Karnal, and Durgapur. The online doctor consultation platform mFine is seeing demand from states which has a low doctor-to-patient ratio since lockdown. The app has also seen new user signups and consultations from users in states such as Bihar, West Bengal, Jharkhand, and Uttar Pradesh where the doctor-patient ratio is the lowest in the country.

    Many other healthcare startups are seeing an unprecedented surge in demand as they shift healthcare delivery onto the internet, promote telemedicine, encourage online medicine bookings and use chatbots to answer patient queries. The support rendered by the national and state governments, their subsidiary concerns, and allies such as the ISRO have contributed a great deal to facilitate the development of telemedicine as a well-recognized field.

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    Importance Of Online Consultation

    India has seen a tremendous increase in demand for telemedicine for healthcare services. According to Statista, the industry might have touched $280 billion by the end of 2020. Though the healthcare sector is seeing a giant leap in providing services to consumers, it has still not been able to expand its market in rural areas. Around 75% of the rural population is struggling with insufficient infrastructure and technological awareness. This is the reason why online consultation might help overcome this issue.

    • Bringing quality healthcare services to the rural areas of the country.
    • Benefits the people of rural areas in bringing down the disparity in healthcare offerings between the rural and urban areas.
    • Provides access to qualified healthcare providers, specialized consultation, accurate prognosis, timely diagnosis, and effective course of treatment.
    • The people of urban areas, who have access to world-class hospitals and treatment facilities but don’t have the time can seek help by online consultations.
    • The patients can have real-time interactions through video conferencing solutions, or store and forward models which can capture patient and disease-related information through dictation, photos, videos, radiology, etc.
    • The patients can get the benefits of an actual visit to the doctor without having to do so.
    • Not just consultation and treatment, but many other services can be fulfilled through telemedicine, which brings together the best of both worlds – medicine and telecommunication.
    • It helps in the dissemination of specialized knowledge among the medical community through advanced technology and peer-to-peer reviews.
    • It’s very useful for emergency medical consultations in times of an epidemic or crisis.
    How to provide a great online consultation experience

    Target Audience of Telemedicine Industry

    • People who are willing to try telemedicine.
    • Application developers and network operators.
    • Third-party suppliers and healthcare service providers.
    • Potential Investors.
    • Government organizations.
    • Research Institutes.

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    Future of Telemedicine Industry in India

    With the growing attention for telemedicine services, countries around the world are developing a regulatory framework for the industry. While India is already one of the top 10 countries in telemedicine marketing the world, the adoption of a regulatory framework will help the segment grow rapidly.

    Tattvan Mishra, founder, and CEO of Tattvan E-Clinics said that “India has seen considerable growth in the telemedicine sector however, the growth was not rapid due to the lack of proper guidelines and regulations. In the coming years, I expect a high investment from the private sector in the field of telemedicine. I think the telemedicine industry has a bright future and may become a multi-billion industry in the next 3-5 years.”

    Online consultation platforms have supported the healthcare needs of Indians at a time of lockdown. Saurabh Arora, the founder and CEO of Lybrate in a press statement said that “It is the need of the hour to contain the spread of the virus. The healthcare burden on the country is gigantic around this time and platforms like ours can definitely help share it. People can consult doctors on Lybrate across specialties and so on other platforms, letting hospitals tend to more serious patients”.

    Besides telemedicine, other health-tech segments such as online pharmacy, medical technology, and medical devices have also called for increased regulatory clarity so that startups can focus on the model rather than tweaking their operations. When it comes to the online consultation market, the COVID 19 crisis could bring about a lot of clarity and growth just like the fintech sector got a push in India after the demonetization in 2016.

    FAQ’s

    1. What is an online doctor consultation or online medical consultation?

    When you visit a doctor about your health-related issues through an audio/video/chat, it is called an online doctor consultation or online medical consultation. This is an alternative for you when you cannot visit a doctor physically at the clinic or hospital.

    2. How do I consult a doctor online now?

    Book an online consultation either on the website or mobile app. Look out for the ‘Find a Doctor’ button on the homepage of the website/app, select the specialty of your problem or type the name of the doctor directly. Once the doctor of your specialty is selected, you can click on the “Consult Now’ button to start with the online consultation.

    3. Do you provide online doctor consultation for emergencies?

    No, it is not recommended. It is advisable to contact emergency services during emergencies. Emergency medical services are available round-the-clock which can be accessed by calling 112 or clicking the ‘Emergency’ tab on the homepage of the respective website/app.

    4. Where is my prescription for the online doctor consultation?

    Prescription for your online consult can be found in the Records/History section. By clicking on this tab, you will be able to view/download your prescription.

    5. Is it safe to consult online?

    Online consultation is absolutely safe and private, where customer information and health data is the most important thing that is kept private.

  • How to Start an Oxygen Cylinder Plant Business In India? (Complete Guide)

    The Covid-19 pandemic taught us the importance of oxygen in our life. People were yearning for the most underrated thing, especially during the second wave of the pandemic in India. Somehow that underestimation resulted in hundreds of deaths in the country. The devastating display of what shortage of oxygen can do was seen all over the media during the second wave and honestly, it was heart-wrenching.

    Any kind of beginning of a business depends on the demand or potential of that thing in the market. Saving lives is a noble deed, so what’s better than starting a business, which can saves lives, literally. The Covid-19 creates a huge demand for oxygen cylinders in the market, mostly in hospitals. So, starting an oxygen cylinder plant in a country that is in need of it, seems to be a good idea.

    Although to follow up on this plan is a lot of work. So, let’s dive into the matter and find out how to start an Oxygen cylinder plant business in India.

    “Business is all about solving people’s problems – at a profit.”

    ― Paul Marsden

    Things that are needed for an Oxygen Cylinder Plant
    Equipment’s Needed for an Oxygen Cylinder Plant
    Things To Keep In Mind before starting an Oxygen Cylinder Plant
    Transportation of Oxygen Cylinder Plant
    License Needed For Oxygen Cylinder Plant Business
    How to Market your Oxygen Cylinder Plant Business
    FAQ

    Things that are needed for an Oxygen Cylinder Plant

    The Covid-19 pandemic may seem the reason but other than that there are other health-related issues that people suffer from, which can only be solved by oxygen cylinders. It can actually bring a ‘breath’ of relief, so the need for it has become more significant now. Following things are required for the business. First and foremost, a proper business plan is required to start with the business. The following things are what is needed.

    Proper Training

    Before indulging in this business, one needs to learn a lot of things, which include safety procedures. A proper training program will help in understanding the key details, that’ll be an asset in the future. It includes the positives, negatives and the risk that involved in this business.

    Investment

    Investment is one of the most if not the most important things that is needed for any kind of business. If someone wants to start an oxygen plant, at least ₹30 to ₹35 Lakhs is needed for the setup of the plant, so that it can deliver up to 24 cylinders every day. A proper location is also needed to construct the plant. It is not a small business, so naturally, a heavy amount is needed from the very first.

    Manufacturing

    To get a general idea, the manufacturer of a cylinder of oxygen should be contacted. They will provide the proper instruction from A to Z. i.e. from the manufacturing of oxygen in the plant to the filling of the cylinder with oxygen.

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    Equipment’s Needed for an Oxygen Cylinder Plant

    Some extra equipment is needed for the entire setup of the plant. These equipment’s will help in getting pure oxygen instead of harmful materials, they are:

    • PLC Control Panel
    • Vacuum Chambers
    • Glass Chambers
    • Injector wells
    • Solid State generators

    Apart from all these, some other machinery are also needed in the cylinders, they are:

    • Oxygen Mask
    • Cannula
    • Pressure Gauge
    • Flowmeter
    • Other things to fit the system altogether

    Proper installation of every piece of equipment is necessary for the entire plant to avoid the oxygen from getting polluted.

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    Things To Keep In Mind before starting an Oxygen Cylinder Plant

    Just because someone wants to open an oxygen cylinder plant, they can, it’s not that simple. Some additional rules are necessary to be followed:

    1. All rules and regulations are to be maintained while dealing with oxygen cylinders and their supply.

    2. The oxygen in the gas cylinder has to be pure.

    3. It must not contain any toxins or other chemical elements that can be harmful.

    4. The oxygen has to be clean and pollution-free.

    Transportation of Oxygen Cylinder Plant

    The supply of oxygen will be mainly for medical uses and industry purposes. So while transferring them to hospitals or any medical center, special attention needs to be given. Oxygen in the cylinder is kept at high pressure, so the vehicle that’ll be used to transport the cylinders must be careful enough to avoid cylinders colliding with each other. If proper steps are not taken, it can cause an explosion. You should also review the Department of Occupational Safety and Health Administration and Transport Standards before transporting oxygen cylinders.

    License Needed For Oxygen Cylinder Plant Business

    As it is related to medical business, it surely needs some special permission:

    • Permission from the local board of the location the business will be set up is needed.
    • Incorporation Laws of the state must be scrutinized to know the rules of starting a legal and proper business. Also you need to register your business before you start your business.

    How to Market your Oxygen Cylinder Plant Business

    In any kind of business, marketing is important. Without marketing, a business can never flourish. Although it is a time where oxygen cylinder has huge demand, still marketing is important, to achieve a great number of profits. Some of the methods for advertising are:

    • Handing out flyers containing information about your oxygen plant to the people.
    • Contacting local media to get their presence known among the targeted customers.
    • Making the business presence felt on social media by posting about itself.

    Conclusion

    To start an oxygen cylinder manufacturing plant in recent times, can be beneficial as the second wave of the Covid-19 leads to a shortage of oxygen all over the country. It is a good time to provide quality products to the people in need.  A business that can save people while gaining profits for itself is surely an interesting and better option than just sitting and watching people suffer. One just needs to take a brave step and follow all the rules that can lead to a safe start of a business. It will do the noble job of saving lives and also will help in earning millions.

    FAQ

    Is Investing on an Oxygen Cylinder Plant profitable in India?

    Yes, Investing in an oxygen cylinder plant can be quite profitable as the demand for oxygen cylinders is not ending soon.

    What is the Cost of an Oxygen Cylinder?

    The minimum cost of a 10.2 Litre of oxygen cylinder is ₹4500 and the maximum is ₹6500.

    Which Company makes Oxygen Cylinders In India?

    National Oxygen Limited, Axcel Gases, and Swastik Synergy Engineering Private Limited are some of the top oxygen manufacturers in India.

  • Top 9 Edtech Startups in China that are leading the Industry

    One of the few industries that have grown tremendously during the Covid 19 Pandemic is the EdTech Industry. Many education institutes were shut down, while the universities/colleges had to move online due to the lockdowns and this is what gave rise to the already existing EdTech startups. The Global EdTech industry is estimated to reach over $7 trillion by 2025.

    While the Grand View Research also put out a statistic that the global education technology market size is estimated to rise to an all-time high of $285.2 billion by 2027. The EdTech companies are now looked up as the global phenomenon as they are shaping the new generations. One of the countries that are seeing the fastest growth in investment into the EdTech industry is China, as it currently has the largest EdTech market.

    China has more than 1,058 EdTech startups that cater to 400 million students in the country. The country’s Edtech industry reached RMB 453.8 billion in 2020, according to iiMedia’s Research. The statistical report on Internet Development in China that China has over 423 million online educational users in 2020 alone. The Edtech industry in China focuses on robotics, tutoring and creating innovative educational technologies that will help in integrating technology into the classrooms of the country’s educational institutes.

    China’s Edtech startups have the potential to increase digital education in the country but the Chinese Government has recently imposed new laws making the Edtech companies go nonprofit. Besides going nonprofit the companies are also banned from going public or raising foreign capital, this could not only hinder the growth of the industry but also destroy its $100-billion Edtech market.

    Yuanfudao
    VIPKid
    Zuoyebang
    Hujiang
    Huohua Siwei
    Changing Edu
    CodeMao
    DaDaABC
    17zuoye
    Frequently Asked Questions

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    Here’s a list of EdTech startups in China

    Yuanfudao

    Company Yuanfudao
    Founded year 2012
    Headquarters Chaoyang (China)
    Funding $4.1 billion
    Investors YF Capital, Temasek Holdings, DCP Capital, Danhe Capital, Ocean Link, DST Global, CPE, GIC, Trustbridge Partners, Greenwoods Investment

    Yuanfudao Logo
    Yuanfudao Logo

    Yuanfudao started by Shuai Ke, Xin Li and Yong Li in 2012 is one of the top EdTech startups in China. The company also founded Yuantika in 2015, a platform that provides online question banks and other school-based test preparation. The platform is known for its live tutoring, virtual classes and providing apps that are helpful for completing homework, all of which are AI-enabled. Besides that Yuanfudao also connects students with their teachers and through their app’s live stream.

    It provides exercises to improve testing efficiency designed specifically for China’s exams such as the National college entrance exam, post-grad exams, Civil service exams, schools & university level exams among many others.

    It currently has more than 30,000 employees and over 4 million student users. The students also have an option of choosing whether they want one on one tutoring or join a class with a group of students. The company is estimated to be around $15.5 billion making it one of the most valuable Ed-tech startups in China.

    VIPKid

    Company VIPKid
    Founded year 2012
    Headquarters Beijing (China)
    Funding $1.1 Billion
    Investors Tencent, Sequoia Capital China, YF Capital, Learn Capital, Matrix Partners, Coatue, Sinnovation Ventures, Northern Light Venture Capital

    VipKid Logo
    VipKid Logo

    VIPKid was founded in 2018 is one of the leading English tutoring education apps in China. The platform provides more than 1.5 million free English tutoring classes for children from age 4 to 15 years old. VIPKid currently has over 700,000 paying users and more than 80,000 North American teachers. The platform allows the parents of the students to book for sessions and later upload their classes online.

    The English classes are often based on the American state’s standard, while the teachers can review their students work and give their feedback. The company aims to create a global classroom that empowers students and teachers and connect different cultures around the world. During the beginning of the Covid 19 Pandemic, the company was dedicated to providing free classes to the children of Wuhan.

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    Zuoyebang

    Company Zuoyebang
    Founded year 2014
    Headquarters Beijing (China)
    Funding $2.9 billion
    Investors FountainVest Partners, Sequoia Capital China, Tiger Global Management, Softbank Vision Fund, Alibaba Group, Xianghe Capital

    Zuoyebang Logo
    Zuoyebang Logo

    Zuoyebang is another popular EdTech startup in China that was founded by Hou Jianbin in 2014. The platform offers assistance and support for the student’s homework. It also allows its users to upload their questions and doubts and receive an answer later, as it is driven by AI software. Zuoyebang is made especially for the students of primary, junior, middle and high school only.

    The platform has paid and free online courses and live classes on various subjects, for students up until class 12. It currently has more than 50 million daily student users and over 170 million active users in a month. The parent company of Zuoyebang is Baidu and it has so far raised over $2.9 billion.

    Hujiang

    Company Hujiang
    Founded year 2001
    Headquarters Shanghai (China)
    Funding $187 million
    Investors SIG China, Baidu, Kaishi Capital, China Minsheng Investment, Anhui Xinhua Media, etc

    Hujiang Logo
    Hujiang Logo

    Hujiang is a well-known Chinese EdTech platform for learning different languages. This Shanghai headquartered company was initially founded by Cairui Fu in 2001. Besides providing language-learning solutions, it also offers corporate training solutions for Chinese companies. The languages that Hujiang provides classes in are English, German, French, Spanish, among others.

    Hujiang app and website also have many languages learning online tools such as translators and dictionaries for all the languages it teaches. Its platform is divided into four different services which include a news platform, an online community, online tools and live or online courses and works on the enrollment revenue model. Hujiang provides its services offline schools and colleges across the country in order to fill the gaps in the education sector.

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    Huohua Siwei

    Company Huohua Siwei
    Founded year 2016
    Headquarters Beijing (China)
    Funding $593 million
    Investors Tencent, Hike Capital, Trustbridge Partners, Yuanfudao, GSR Ventures, GGV Capital, Seqouoia Capital China, Kohlberg Kravis Roberts

    Huohua Siwei Logo
    Huohua Siwei Logo

    Huohua is another leading EdTech startup in China that is an AI-based online learning platform that focuses on students below class 12. The company was founded by Jian Luo in 2016 and has its headquarters based in Beijing, China. The platform offers online classes, live sessions, AI based interactive games, and is available on both android and iOS platforms.

    Huohua focuses on subjects like Maths and Science, while its games are designed in a way that develops student’s fundamental ability of thinking and concentrating. So far the platform has over 250,000 active student users and more than 85,000 daily active users. Its mathematic classes have become popular because they are divided into three modules which are spatial thinking, computing power and logical reasoning.

    Changingedu

    Company Changingedu
    Founded year 2014
    Headquarters Shanghai (China)
    Funding $188 million
    Investors Sequoia Capital China, IDG Capital, FREES FUND, Trustbridge Partners, TAL Education Group, ClearVue Partners

    Changingedu Logo
    Changingedu Logo

    Changingedu is an upcoming online to offline Edtech startup that was founded by Liu Changke in 2014. The company has its headquarters in Shanghai and is known for making educational apps that connect students, parents and teachers. Changingedu focuses on creating after school learning services, while the parents are also allowed to send their doubts and enquiries about the app’s services.

    The platform offers virtual services, educational services, live streaming and get your questions answered. Changingedu offers one on one teaching courses for primary & secondary school students and is available in over 11 cities across China. Changingedu has a six-week learning contract with students for a one on one teaching experience, if the students don’t like it they can ask for a refund. The platform claims to have provided 10 million hours of teaching services.

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    CodeMao

    Company CodeMao
    Founded year 2015
    Headquarters Shenzhen (China)
    Funding $360.4 million
    Investors CITIC Securities, Goldstone Investment, Youshan Capital, Sino-Ocean Capital, Wens Investment, Hillhouse Capital Group, Baring Private Equity Asia, Greater Bay Area Homeland Development Fund

    CodeMao Logo
    CodeMao Logo

    CodeMao is another leading Chinese Edtech company that focuses on online programming learning tools for children up to class 12. Besides provides programming courses, the platform also helps in IT learning and training tools. The company was founded by Tianchi Li and Yue Sun in 2015 with its headquarters based in Shenzhen. The students can collaborate on different projects with other students.

    CodeMao aims in helping students learn programming and computer coding through an interface that is game-oriented. The courses are designed in a way that children can learn coding tools, programming concepts and exercise their logical thinking abilities. Through this platform, the students can use coding tools and coding languages to build games, software’s, animations that will be reviewed by their teachers.

    DaDaABC

    Company DaDaABC
    Founded year 2013
    Headquarters Shanghai (China)
    Funding $863 million
    Investors Loyal VC, Yonghua Capital, TAL Education Group, Qingsong Fund, Warburg Pincus, Oriental Fortune Capital, Tiger Global Management

    DaDaABC Logo
    DaDaABC Logo

    DaDaABC is another English learning EdTech platform that competes with VIpKid. The company was started by Grace Zhi and Dennis Lee in 2013 with headquarters based in Shanghai, China.

    This platform provides students of the school with one on one English courses live and has so far won over 15 awards for its excellence in the field. DaDaABC is said to operate on flipped classroom model that uses blended learning strategies to teach their students.

    Unlike VIPKid the platform hires native speaking teachers especially for student of 5 to 16 years old. The platform also teaches French and Spanish from 2017 and also has an option where children below six years can learn English. So far the DaDaABC has over 10,000 teachers and more than 100,000 active students weekly.

    17zuoye

    Company 17zuoye
    Founded year 2011
    Headquarters Shanghai (China)
    Funding $585 million
    Investors Dong Ni Education

    17zuoye Logo
    17zuoye Logo

    17zuoye is known to be one of the largest online EdTech Companies in China, with headquarters in Shanghai, China. The company was founded by Dun Xiao and Liu Chang in 2011, while the platform focuses on providing homework solutions and live English & math’s classes. As of 2018, the platform had over 60 million users and 120,000 schools and plans to expand to more middle and high schools across the country.

    17zuoye offers services such as learning tools, learning contests, study reports submitted to the parents, among others. The company also has many global partners with countries like the USA, UK, Japan, South Korea, where it promotes its content. The platform aims to provide international level education and give students equal access to education.

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    Frequently Asked Questions

    What are the top EdTech startups in China?

    The top EdTech startups in China are 17zuoye, DaDaABC, CodeMao, Changingedu, Huohua Siwei, Hujiang, Zuoyebang, VIPKid, and Yuanfudao.

    How much is the Global EdTech industry worth?

    The EdTech industry is estimated to reach over $7 trillion by 2025.

    How much is the EdTech industry in China worth?

    The country’s EdTech industry reached RMB 453.8 billion in 2020, according to iiMedia’s Research.

  • An Exclusive Sneak Peek into Top 5 Mental Health Startups in India

    Every one of us is the mind’s beloved puppet. The Mind tries to manipulate us by playing a complex game, whether good or evil. We now live in a time when we may open up about formerly uncomfortable topics such as our feelings and mental wellbeing. The times of keeping our mental issues hidden are long gone. Now it’s time to analyze your psychological problems and treat them.

    Is Mental Health care still a taboo subject in India?

    India is one of the countries with major mental health problems. Even now, about 50% of the populace avoid discussing it because they regard it as a “social taboo.” Many people cringe at the prospect of not being able to overcome mental health concerns by talking about them.

    Entrepreneurs now have taken the role to drive the debate ahead, seeing the complexity of the issues and the rich prospects in the industry. Startups are planning to adopt a more balanced approach to health and wellbeing, from uniting citizens with therapists to leveraging AI and smart tech to discover and heal mental illnesses.

    Here is a list of the top 5 mental health startups in India bringing about change in the mental health industry.

    Wysa
    Innerhour
    Juno Clinic
    YourDOST
    eSpyClinic
    Trijog
    FAQ

    Wysa

    Wysa Website
    Wysa Website

    We all need a mental wellbeing app as one out of every four people is dealing with mental illness at a certain phase of life. We all require a haven in which one can love and be loved. When the app’s creator was battling depression, the idea was introduced. She believed treating mental wellbeing should be as effortless as talking to Siri.

    Did you know most people are more inclined to talk to an AI bot than a human psychologist? Making it convenient is never sufficient; it must also be medically safe and verified. Since AI cannot supersede therapy, it can try to make it more available, hence they integrated human counselors to Wysa and offered limitless assistance through chat and virtual sessions for as little as INR 1.9K per month.

    They had no clue when they began designing Wysa 3 years ago that it could grow into a global platform. After 6 months, they received this email from a depressed 13-year-old that said it was assisting her in clinging to life. That was their first hint that they had discovered something exceptional.

    Ever since, they’ve had over 1.3 million subscribers from around the globe and over a million triumphs via speaking with a bot, which is similar to 2000 full-time counselors. Refer to those who require assistance.

    Innerhour

    Innerhour Website
    Innerhour Website

    40-80% of patients with mental illnesses go untreated. Innerhour is addressing this issue by integrating cutting-edge technology with domain experience therapists, resulting in an all-in-one solution for your mental wellness. In times of crisis, your mental wellbeing advisor will help you.

    You can select from a variety of programs. An assessment lets them create your profile so you can design a personalized plan with a new skillsets task every day, set and monitor objectives to see fruitful changes, and chat with Allie, their comfort bot, for brief insights and tactics when situations get overwhelming. They’re also gathering data to use data science and machine learning to improve personalization. Check out their suggested tasks area for a variety of fitness and meditation exercises.

    Keep track of your feelings and behaviors with a customized tracker that functions as a mental journal, and be alert and updated with information from innerhour resources. If you require one-on-one assistance, you can consult a therapist. It has over a million users on PlayStore and a 4.6 rating.

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    Juno Clinic

    Juno Clinic
    Juno Clinic

    Juno Clinic is a leading mental wellbeing startup in India. It offers virtual therapy via in-house psychiatrists and therapists. It also has 3 physical clinics in Mumbai where people can seek face-to-face psychiatric care. It offers high-quality, tailored therapy to make sure folks do not feel ignored, which is among the most common complaints with those experiencing mental illness in India.

    YourDOST

    YourDOST Website
    YourDOST Website

    This portal connects people dealing with mental issues with therapists. Since its establishment in 2014, it has offered guidance in the areas of relationships, personality, health, education, and profession. With the option to remain private via chat, call, or video chat interactions, users have a higher degree of confidence while receiving support.

    The YourDOST firm, which was established by Richa Chadha, has now taken on the task of assisting those affected by the COVID-19 situation. Furthermore, they present a variety of links to skim through that offer realistic challenges related to these moments as well as ways to cope with those problems.

    eSpyClinic

    ePsyClinic Website
    ePsyClinic Website

    This firm provides free video chat assistance and phone calls 24 hours a day, seven days a week to anyone whose life has come to a halt as a result of the unusual events of the last few years.

    Shipra Dawar launched this Gurgaon-based mental wellbeing firmly in 2015, and it has since developed standard virtual consultation for frontline healthcare personnel, old folks, women, and corporate clients. Their blog also includes several materials that provide insight into the present state of personal and social interactions. In 2017, the ePsyClinic team created IWill, an app with over 45 in-house therapists and counselors.

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    Trijog

    Trijog Website
    Trijog Website

    Trijog, a Mumbai-based firm, was established in 2014 by mother-daughter pair Anureet and Arushi Sethi. For 30 years, Anureet has worked as a psychologist. Trijog was born out of Arushi’s last year thesis.

    It provides a wide range of mental wellbeing services to individuals, businesses, and institutions. It’s also a member of India’s Rehab Council. Trijog is a group of about 20 therapists from across the globe. It has run a series of projects and initiatives in Mumbai.

    It operates on a hybrid paradigm, in which they address problems both offline, in their studio, and online, via video and various chat modes. As a result, Trijog will be viewed as a mental wellbeing firm with B2C and B2B aspects. This is how they serve the whole mental healthcare sector in India.

    Trijog is presently offering cost-effective remedies for clients experiencing severe mental problems, exclusively aimed at keeping Indians mentally stable during the COVID-19 situation. It also offers webinars and virtual therapy.

    Conclusion

    Mental illness is not a condition that has only recently been discovered. It is something that is perceived as a social taboo among individuals, and it is thought that folk’s troubles should not be voiced.

    These firms, which are based in India and owned by Indian women, aim to eliminate smudges from their psyche, lower their stress, and enhance their wellbeing by getting treatment. And, to some level, the taboo has been lifted, and folks are opening up about their mental illnesses. Anything is achievable in this era!

    FAQ

    What is the percentage of mental illness in India?

    As of 2017, more than 14 percent of the total population in India suffer from variations of mental disorders.

    What are the common mental health issues in India?

    According to a study India’s population suffered from mental health ailments, including 45.7 million suffering from depressive disorders and 49 million from anxiety disorders.

    What are the top mental health startups in India?

    Wysa, Innerhour, Trijog and Juno Clinic are some of the top mental health startups in India.

  • Travel and Tourism Industry Trends in 2021: Post-Pandemic

    Covid-19 has completely disrupted the Travel and Tourism Industry at both the national and international levels. With the worldwide lockdown and the heavy travel restrictions, the industry has lost not only domestic and international tourists but also local visitors. According to the United Nations World Tourism Organization (UNWTO), International tourism has witnessed a loss of $1.3 trillion in 2020 while the Indian tourism industry saw a revenue loss of ₹1.25 trillion, as per the CARE Rating study.

    The pandemic has impacted all divisions of the tourism industry such as inbound, outbound, corporate, MICE, adventure, and leisure and will continue to underperform for the next two quarters. Tourism will account for 9.9% of the country’s GDP by the end of this decade with the help of Government initiatives.

    The losses to the Indian Tourism Industry in 2020 have been huge but 2021 shows the revival of travel with the rise in vaccination. Significant changes were observed in traveling like more emphasis given to safety, cleanliness, and hygiene. The states that are getting the maximum tourists are Himachal Pradesh, Uttarakhand, Rajasthan, Goa, and Kerala.

    Also Read: List of Top Travel Startups in India (2021)

    Travel and Tourism Trends
    Travel and Tourism Industry in India

    Post-Covid scenario in the Travel Industry
    Growth of Domestic Tourism in 2021
    Travel Industry Trends in 2021
    Recommendation to get Travel Industry on Track
    FAQs on Travel & Tourism Industry

    Post-Covid scenario in the Travel Industry

    Ever since the Covid-19 Pandemic had arrived, the tourism industry started evolving and changing ways in order to suit the needs of travelers. With the reduction in Covid cases in India, the Central and State Governments of the respective states have issued many standards and basic operating procedures in order to resume services. Major protocols are being taken as the security scan at the entrances of various locations like hotels and airlines involving thermal screening and sanitization and the staff is even extra cautious than before.

    The Post-Covid Scenario of Tourism Industry

    Many countries around the world are catching up with innovative solutions and activities to boost their country’s travel industry. Some of them include safe travel bubbles, SG Clean, Qatar Clean initiatives. Many travel agencies are now providing incentives, offers, and discounts to get people to travel. Understanding the solutions and practices being followed in different countries will help India in implementing the right strategies for the survival and revival of its tourism industry.

    Many services have turned contactless and are following all major protocols of safety and social distancing. Simpler activities like live cooking, disposable cutlery, online food delivery services, and digital menus aids in the growth of the industry. The hotel, restaurants and resorts are following strict SOPs for Covid-19 to create a protective environment. The government is also providing relaxation against free loans, provident fund relief, and GST.

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    The Growth of Domestic Tourism

    The relaxation in the lockdown along with the gradual lifting of travel restrictions shows constant opening and closing of travel make tourists feel uncomfortable to travel internationally. But 2021 saw an increase in domestic tourism, while foreign tourism is expected to remain low until the situation improves. One of the main reasons for the future boom in the domestic sector is that travelers in 2021 prefer to explore their own country and go on short weekend trips.

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    Here’s a look at the most affected sectors of tourism due to pandemic

    Hence, increases the sightseeing of remote destinations and helps the locals to get their livelihood back. This, in turn, boosts the local economy, creates more jobs, and helps the hotels and restaurants of the region, promotes local art handicrafts and culture. With more importance given to safety and social distancing, tourists think that it is safer to travel shorter distances than compared to the longer ones. This is why many people are opting for short road trips to unknown destinations with less crowd.

    The domestic vacation is now on top of the traveler’s bucket list for 2021. Just the first week of January 2021 saw 70% of users booking for future domestic trips on Tripadvisor. In the US, over 74% of travelers preferred to go on an overnight domestic leisure trip in 2021, and over 34% are planning domestic trips, which is quite high as compared to other countries like Australia (31%) and UK (24%).

    So let’s take a look at the 2021 travel industry’s trends that are likely to show up in the future.

    Workation Trips to Increase

    Work plus vacation or business plus travel is not a new concept that has arrived in 2021. But the business travelers are said to be rising in 2021 because many companies are opting to work from anywhere culture. This is why they have come up with brilliant travel plans that will help employees work along with leisure. Employees also have the option to bring their family members. The concept of business travel is getting popular as people have started to realize that all people need is electricity and a good internet connection to work.

    Workation Trips | New trend
    Work plus vacation has become a latest trend now

    Road Trips are the New Trend

    With many restrictions and travel bans, people have started opting for short road trips. Many tourists have started avoiding public transport like buses, trains or even airlines. Instead, they plan to go on road trips in their own vehicles or rent a car, as it is a safer option. Road trips are popular among tourists of all age groups and families. In addition to that, it reduces the travel expenses and vast options of destination to choose from.

    Road Trips is a new travel trend
    Road Trips, a budget-friendly option for travelers to travel around the city 

    Promotion of Sustainable/Eco-Friendly Tourism

    The pandemic has made people realize the importance of implementing sustainable ways of traveling. The tourist now is looking out for eco-tourism to get in touch with nature. In 2021, tourist focuses on responsible travel to remote locations or natural areas in order to experience the local culture and contribute towards the sustainable growth of environment. Tourists have become more conscious nowadays and are accepting more eco-friendly methods to reduce their carbon footprint.

    Sustainable Tourism in 2021
    Sustainable Tourism has become traveler’s best choice for embracing the nature

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    Research Before Travel

    Travelers are keen on researching more before making any travel plans. With Covid-19, it’s no surprise that people are more conscious to travel. According to a survey, more than 74% of the global tourist population say that they will spend more time researching everything about their destination. People are spending more time in reading reviews or checking for better accommodations before planning any itinerary.

    Post-vaccinations Impact on Travel

    With the rise in vaccination drive, the travel industry has started blooming. People have started planning their trips as they’re excited to finally be able to travel carefree. The new travel protocols, however, will include compliances for travelers including Immunity passports for tourists to provide proof that the tourists are vaccinated for the virus. More than 77% of global travelers likely to agree to travel internationally only after getting vaccinated.

    Why Travelling Will Never Be The Same

    Solo Travel is the Way

    Solo travel or even backpacking has grown exponentially with the pandemic. Co-living is also another new trend related to solo traveling. It is when solo travelers are looking to save money and time by getting out of their comfort zone and meeting other solo travelers while traveling. Solo travelers involves themselves in activities that includes social distancing.

    Solo Travel
    Solo Travel has become a new travel industry trend

    Safety and Cleanliness are the Priority

    Safety and cleanliness have become priority for travelers across the globe since Covid. And the travel industry is already implementing major guidelines and protocols including PCR tests on arrival, mandatory masks, sanitation, and frequent cleaning in different sectors like hotels, airports, restaurants, etc. to provide a safe environment.

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    Recommendation to get Travel Industry on Track

    Many experts in the field have given their recommendations on how to get the industry back on track. Some of them include:

    • Airlines, hotels, restaurants, and other tourist operators can adopt greener and eco-friendly solutions in order to increase their business while being sustainable.
    • The industry must encourage renewable energy and green project to help the environment.
    • The government must try helping the industry with interest-free loans for up to 5 years which makes it sustainable.
    • Implement compulsory masks everywhere and basic social distancing laws and regulations.
    • Promote lesser-known tourist destinations of India.
    • Make it easier for the tourist sectors to get licenses, permits, and renewal.
    • Reduction of GST rates in the travel and hospitality sector.

    FAQs on Travel & Tourism Industry

    The top travel industry trends in 2021 are:

    • Workation Trips to Increase
    • Road Trips are the New Trend
    • Promotion of Sustainable/Eco-Friendly Tourism
    • Research Before Travel
    • Post-vaccinations Impact on Travel
    • Solo Travel is the Way
    • Safety and Cleanliness are the Priority

    Which one sector is going to see a rise in tourism in 2021?

    2020 has completely disrupted the travel industry but 2021 is showing the revival of travel. The tourism sector will be very different than what it was before. The domestic sector is witnessing a surge as people are avoiding foreign travel and the situation is going to remain the same till the pandemic is over.

    What are the SOPs followed by the tourism industry in India?

    The SOPs followed by the tourism industry in India are security scans at the entrances of various locations like hotels and airlines involving thermal screening, wearing masks, sanitization, and social distancing.

    What is the fastest-growing trend in the travel industry?

    Eco-friendly/Sustainable tourism is one of the fastest-growing trends in the travel industry.

    Is the travel industry growing?

    The travel industry will slowly and gradually see a surge in the traveler once the pandemic is over. Currently, domestic tourism is growing at a slower pace. The reason being, people are feeling bored to remain at one place and therefore planning short trips.

  • How Flipkart Wholesale is supporting Kiranas with its Credit Program?

    On 24th August 2021, Flipkart Wholesale which is the digital B2B marketplace of the E-commerce giant Flipkart Group announced their upcoming credit programs that will help kiranas manage their working capital requirements and grow their business.

    These credit programs are said to include Easy credit in partnership with IDFC FIRST Bank along with other well-known Fintech institutions. These credit offerings aim in solving the problems of the kiranas in India and boost businesses with the help of advanced technology.

    Another advantage of these initiatives is that kiranas can avail credit just within two minutes and at zero cost, via end to end digital onboarding. These industry-first credit programs are designed especially for over 1.5 million people which include kiranas, retailers, hotels, restaurants, cafeterias, offices and institutes, among others.

    What is Flipkart Wholesale?
    The aim of Flipkart Wholesale Credit Programs
    Benefits of the Flipkart Wholesale Credit Program
    Competitors of Flipkart Wholesale
    Frequently Asked Questions

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    What is Flipkart Wholesale?

    Flipkart Wholesale is the brainchild of Flipkart which is an E-commerce Giant. Flipkart Wholesale is an upcoming online B2B marketplace that was launched in September 2020. The platform has been designed especially for making business easier for the kiranas, retailers and small business owners. The company aims at helping people with their everyday business by using innovation and advanced technology.

    It also wants to simplify B2B e-commerce in the country so that it becomes more convenient for the customers of kiranas and small businesses. With Flipkart Wholesale, customers will be allowed to buy a huge variety of quality products at good margins. With this platform the customers can also get speedy product delivery, convenient order returns directly from the shops.

    Flipkart Wholesale will also allow its customers speedy delivery options and an easy order tracking facility to keep it transparent. Besides Theses facilities it also offers paperless credit facilities so the kiranas and retailers can fulfil their business needs when they are low on finances, which is extremely helpful during the difficult times of the Covid 19 Pandemic.

    Flipkart Wholesale is currently aiming to help kirana stores in more than 2,700 cities across India. So far, the platform has seen a steady growth of 17% especially from January to June 2021 as many kiranas have started using the platform.

    The aim of Flipkart Wholesale Credit Programs

    According to Adarsh Menon, Senior Vice President and Head, Flipkart Wholesale,

    “Our key goal at Flipkart Wholesale is to make business easier for kiranas and retailers and boost their growth journey. We believe our new credit plan is tailored to solve local challenges that kiranas in India face and will help them manage their cash flow and improve their purchase experience on our platform, thereby ensuring that the benefits of digitisation trickle to the entire B2B retail ecosystem,” Adarsh Menon.

    Commenting on the association, Amit Kumar, the Head-Retail Liabilities and Branch Banking of IDFC FIRST Bank said that, the country’s kirana stores account for more than two-thirds of India retail market space. He also added that the traditional trade is now evolving in terms of retail formats and business models. This is why the bank wanted to contribute to the growth of this segment and help kiranas scale up its business.

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    Benefits of the Flipkart Wholesale Credit Program

    The main benefits of Flipkart Wholesale are that their clients have an access to a wide range of value propositions which include quality products, easy ways to order & return, fast delivery, order tracking, and the best margins on all products. The credit programs are allowing credit lines from Rs 5,000 to Rs 2 lakh including an interest-free period of up to two weeks.

    Besides that, the initiative will also help kiranas get an advantage of flexible repayment options via cash, online transfers and even instant refunds if the order is cancelled. The platform will also keep an account of the credit balance and bills of the kiranas.

    Flipkart Wholesale logo
    Flipkart Wholesale logo

    Competitors of Flipkart Wholesale

    Flipkart Wholesale was launched in 2020 but already has competitors such as Amazon Pay and Udaan. Amazon Pay is also providing kiranas and retailers with small loans and is said to have already empowered more than five million stores and small businesses with its digital payment features.

    Features such as Amazon Pay’s QR (quick response) code have become popular because many small and medium businesses are using it. Udaan is a Bengaluru based E-commerce startup that has also come up with features such as UdaanExpress and UdaanCapital which are designed for kiranas. These options help kiranas with logistics and lending capabilities and have already grown 30 times in AUM over the last two years.

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    Frequently Asked Questions

    What is Flipkart Wholesale?

    Flipkart Wholesale is the brainchild of Flipkart which is an Ecommerce Giant. The platform is an online B2B marketplace that was launched in September 2020.

    What is the Flipkart Wholesale Credit Program?

    Flipkart Wholesale credit programs will help kiranas manage their working capital requirements and grow their business.

    What are the benefits of the Flipkart Wholesale Credit Program?

    The main benefit of Flipkart Wholesale credit programs is that it is allowing credit lines from Rs 5,000 to Rs 2 lakh including an interest-free period of up to two weeks.

    When was Flipkart Wholesale founded?

    Flipkart Wholesale was launched in September 2020.

  • Story of Mukund Mohan and his Fraud | Who is Mukund Mohan?

    Mukund Mohan is a 48 year old Indian American Tech Executive and Investor that has been sentenced for perpetuating a scheme to fraudulently obtaining more than $1.8 million worth of Covid 19 disaster relief loans. Mukund Mohan was sentenced to a two-year prison on 25th August by the Western District of Washington. Mukund Mohan is a former Amazon, Microsoft Ventures executive and well-known curator at Vangal.

    Before getting caught, Mukund Mohan was a well-known angel investor who was based in Clyde Hill of Washington state. Mukund Mohan completed his education in Computer Science at Mysore University, India and then rose to become the Director of Engineering at Microsoft in America. After that Mohan became an entrepreneur in Bengaluru and also claimed to be the founder of over five companies.

    How Mukund Mohan claimed the Covid 19 Relief Funds
    The charges against Mukund Mohan
    Mukund Mohan’s past claims for fame
    Frequently Asked Questions

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    How Mukund Mohan claimed the Covid 19 Relief Funds

    To cover up the fraud, the infamous investor was known to have submitted fake and altered documents, which also included fake federal tax filing and incorporation documents with altered information. Mohan initially wanted over $5.5 million through eight fraudulent disaster loan applications and in order to claim these benefits, the fake documents included tax filling of six companies are Zuput, GitGrow, Vangal, Expect Success, Mahenjo Inc and Zigantic LLC.

    Only five out of the eight fraudulent loan applications were approved, bringing the total up to $1.8 million. According to sources, the funds were taken in order to help small startups retain their workers during the difficult time of the Covid 19 Pandemic where small startups would not have a steady capital flow. Mohan was arrested in the month of July 2020, for forging fake and altered documents in order to acquire over $5.5 million from Covid relief funds.

    Mukund Mohan giving a speech

    Based on the complaints, one particular company he applied loans for with misleading statements and false documents was Mohenjo. This company was purchased by Mohan in May 2020, which at the time did not have any employees or business activities. But according to Mohan’s fake documents the company was said to be in operation from the year 2019 and had employees for whom the company paid millions of dollars for employers salaries and payroll taxes.

    Mukund Mohan went on to plead on his blog on 14th August 2020 saying that,

    “I hurt people who trusted me, believed in me, and now are beside themselves. Unfortunately, I cannot talk about the details given the legal circumstances, but I truly apologise… I own my mistake, and now I have to course correct. Seeking help is what I am doing. I think the road ahead, though, will be very long,” Mukund Mohan.

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    The charges against Mukund Mohan

    Mukund Mohan is now accused of perpetuating a scheme to obtain Covid-19 disaster relief loans guaranteed by the Small Business Administration through the Economic Injury Disaster Loan and Paycheck Protection Program which are under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

    According to the press release of the United States Department of Justice, the techie has now been ordered to pay a fine of $100,000 and $1,786,357 in restitution. Mohan is now pleading guilty to wire fraud and money laundering with regard to his scheme of obtaining over $5.5 million under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

    Mukund Mohan’s past claims for fame

    This was not the first time Mukund Mohan has been involved with fraud cases, malpractices and fraudulent claims. From 2008 to 2012, Mohan had also made false claims of being a co-founder of over five startups, investing in 11 companies personally and three other companies through Napkin Stage (an investment firm).

    Out of the five startups that were said to be found by him, four startups excluding BuzzGain failed as they didn’t raise any funds. Whereas out of the three other companies said to be funded via Napkin Stage, ChargeBee and SignEasy clarified by saying that Napkin Stage was only an advisor and did not fund them.

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    Frequently Asked Questions

    Who is Mukund Mohan?

    Mukund Mohan is a 48-year-old Indian American Tech Executive and a well known Angel Investor.

    What did Mukund Mohan get caught for?

    Mukund Mohan got sentenced for perpetuating a scheme to fraudulently obtaining more than $1.8 million worth of Covid 19 disaster relief loans.

    What are the charges against Mukund Mohan?

    Mukund Mohan has been sentenced to two years in prison and has been ordered to pay a fine of $100,000 and $1,786,357 in restitution.

  • All You Need Know About India Aviation Industry and Their Developments

    Everyone affinities to travel in the airline once in their lifetime and two-thirds of people in India have experienced their dreams. We all know, India is renowned for the Civil and Military aviation industry according to the International Air Transport Association.

    Starting its Voyage on 18th February 1911 by covering 9.7 kilometers from Jumna River to Nainin and ultimately becoming the burgeon aviation market in the world. Epiphany, India Aviation industry became the blue ribbon and prognosticate to rank third largest aviation market in the world by 2024.

    In the remote times, those people who are rich could afford the airline ticket, besides there is not much development made from the side of Indian Aviation industry.

    As time ticks away, we are here eventually becoming the fastest-growing aviation market and owning 128 operational airports as of now.

    The history of the Indian Aviation industry incipient back in 1911, where the plane was set as a tool to carry out mail across the Yamuna river to Naina. When it comes, domination of aviation- IndiGo stands top of the list, along with Spicejet, Vistara, AirAsia India and Air India.

    Furthermore, these six aviation networks connect nearly 80 cities across India and play a vital part in the development of the Indian Aviation Industry. On the other hand, Indian Military Aviation would never let us down in bestowing a major role.

    The three crucial constituents of military aviation in India are the IAF, Wings of the Army and the Navy where the Indian Air Force is the world’s 4th largest air force. As well as, it is stated that the military aviation industry is plotting aerospace research to study the aviation model related hardware and software.

    Market Size of Indian Aviation industry
    Government Initiatives & Developments in the Indian Aviation industry
    Major players in the Indian Aviation Industry
    Condition of Indian Aviation Industry In the COVID Pandemic
    FAQ

    Market Size of Indian Aviation industry

    Day by day, the number of travellers in India board gradually accelerated, which is reported as the industry quadrupled in size and expected passengers to be tripled around 560 million by 2037.

    Notably, the Indian aviation industry is the third-largest aviation industry in the world and stands 5th largest market regarding aircraft passengers in both domestic and international.

    Indian Aviation industry represents oligopoly characteristics and also sees a great impact in 2010- 2019 where a CAGR of 13.4% augment in the domestic passenger traffic, whereas the international grew at a CAGR of 9.3%.

    As is the case, the ongoing pandemic lucidly tumours the Indian aviation industry which incurred 2.9 billion in 2020 and 4.1 billion in the current fiscal year 2021-22, where the industry faced a decline in India’s passenger traffic.

    Government Initiatives & Developments in the Indian Aviation industry

    A Scheme for India’s unserved and under-served airports

    According to the National Civil Aviation Policy 2016, a scheme has been framed in order to enlighten the connectivity to India’s unserved and under-served airports. Additionally, the scheme also focuses on the price of a one-hour journey to be estimated at around 2500 INR.

    Indian Aviation industry may look into Investment upto USD 5 billion

    In the next four years, the Indian Aviation industry may look into USD 5 billion worth of investment and anticipate nearly 25 Billion foreign investment to enter the airport sector by 2027.

    The report by the government of India permitted 100% FDI on the Indian Aviation industry in order to consolidate the connectivity overseas. We could witness, UK group invest 950 Crore in Turbo Aviation New airline Trustar.

    Indian aviation industry set to build water aerodromes

    In 2021, the Indian aviation industry is set to build two water aerodromes in Assam and Andaman & Nicobar island to entice tourism as well as GDP. Besides, the government is planning to launch 14 more water aerodromes across India.

    Indira Gandhi International Airport

    The Indira Gandhi International Airport in Delhi is set to dilate in order to augment passengers, which subsumes new instalments such as Terminal point, additional runway and other advanced facilities.

    On the Government side, they are working diligently to maintain the sustainability of the Indian Aviation industry by providing financial services to many airports across the country under the UDAN scheme for advancement and development.

    Zurich Airport International to corroborate in development of Jewar Airport

    Zurich Airport International is corroborated to design or operate Noida International Airport for the next 40 years on the development of Jewar Airport.

    Runways at seven airports across the country

    Prior to March 2022, the Airports Authority of India concurred to establish runways at seven airports across the country.

    Krishi Udaan scheme

    Krishi Udaan scheme is introduced under Union Budget 2021-22, to reduce air pollution by letting 50% for agri-perishable and ameliorate air cargo transportation in North-east states of India.

    Market share of Major Airlines in India
    Market share of Major Airlines in India

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    Major players in the Indian Aviation Industry

    In 2015, 22 airlines were operating in India. The Indian aviation industry has grown so much since then and the top players in the Indian Aviation Industry as of 2020 are:

    Interglobe Aviation (IndiGo)

    IndiGo is an Indian airline based in Gurgaon, Haryana that offers low-cost travel. The company was founded in 2006 by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal. The airline is the largest in terms of passengers carried and fleet size with having a domestic market share of 59.24% as of August 2020.

    SpiceJet

    SpiceJet is another low-cost airline based in Gurgaon, Haryana. The company is the second-largest airline in India by the number of passengers carried and it holds a market share of 13.6% as of March 2019.

    The company was established as an air taxi provider and was acquired by Ajay Singh and renamed SpiceJet in 2004 and took off its first flight in May 2005.

    Jet Airways

    Jet Airways is a Mumbai based Indian International airline founded by Naresh Goyal that started as an air taxi operator in 1993 and became a full-fledged airline in 1995 and started its International flights in 2005.

    It was one of the largest Indian airlines with a market share of 21.2% in February 2016. But due to competition and price war, the company underwent a downfall leaving it Bankrupt and forcing the company to cease its operations in April 2019. The company is due to come back at the end of 2021.

    Air India

    Air India is previously known as Tata Airlines and was founded by J. R. D. Tata in 1932. After 1945, the airline was made into a public limited company and was named Air India.

    Air India is headquartered in New Delhi and is owned by the Government-owned Enterprise, Air India Limited. It is the Largest International carrier out of India and holds a market share of 18.6%.

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    Condition of Indian Aviation Industry In the COVID Pandemic

    Indian Aviation Industry consists of both military aviation like Indian Air Force(IAF) and civil airlines like IndiGo. While Government controlled Airlines like Air India, Alliance Air and IAF have been a saviour by carrying medical cargo during these COVID times, the civil airlines have seen a tremendous loss that is estimated to be INR 210 billion in FY 2020-21.

    To compensate for the loss, the Centre allowed for a hike in fares of airlines by 30% which only worsened the situation. During April-October 2020, domestic flights had been declining over 70% while International flights have declined at 77%. IndiGo and SpiceJet reported having lost INR 31 crore per day during the first half of 2020.

    Conclusion

    The COVID pandemic has not only made us cancel our planned trips with friends and family but also has many industries on the brink of a complete shutdown and has made the economies of top countries crumble.

    The Indian Aviation Industry was one of the main industries that took a downfall due to the COVID situation around the globe with many countries still not lifting their ban on International travel. And this loss would tremendously affect the GDP of the country as the aviation industry contributes $72 billion to the GDP of India.

    It is predicted that the Indian Aviation Industry will bounce back to its pre-pandemic level by 2022 or 2023.

    FAQ

    What is the Indian Aviation Industry?

    Aviation Industry is the business sector in which all types of aircraft are manufactured and operated. According to International Air transportation Association(IATA), Indian Aviation Industry is the fastest-growing aviation industry in the world and is set to be the third-largest aviation market in the world by 2024.

    What is the revenue of the Indian Aviation Industry?

    The aviation industry in India has seen a loss for the FY2020-21 due to the COVID-19 pandemic. The estimated net loss by ICRA for the fiscal year 2020-2021 was INR 210 billion.

    How many branches does the Indian Aviation Industry hold?

    The Indian aviation industry is classified into two branches: Civil aviation and Military aviation. India’s aviation manufacturing hub is situated in Bangalore and holds a 65% share of this economic sector.