Tag: ecommerce retail

Most Popular And Successful Online Retail Startups In India
The days when we had to go to various retail stores to buy things for ourselves are going away. The increasing technology has given a massive rise to retail startups.

With the expansion of digitization, everything is going online. Be it classes, courses, jobs, shopping, or more, all these can be done just with the internet and an internet supporting device.

Many players like Amazon have been in existence for quite a long time. But the increasing adaptation of Indian customers towards online shopping has given a rise to more players in the market.

Now, there are various retail startups in India that are going super well and making great progress. These include Nykaa, MeatRoot, Generico, and many more.

What Are Retail Startups?
Which is The Largest Retailer in India?
Top Retail Startups in India
1. Nykaa
2. Myntra
3. Flipkart
4. Paytm Mall
5. Blinkit
6. Lenskart
7. Sugar Cosmetics
8. Bombay Shaving Company
9. Chumbak
10. FirstCry
11. Pepperfry
12. Sleepy Owl
13. Licious
14. Arzooo
15. Faasos
16. DroptheQ
17. MeatRoot
18. DealShare
19. Healthkart
20. Zeno Health
Most Valued Retail Startups in India

What Are Retail Startups?

These are the startups that deal in the sale of goods and services to customers. These are responsible for providing the products and services that we need from clothing, food, home appliances, labor, etc.

Some retail startups may also be the producers themselves. The others, however, connect the producers with consumers. The online retail industry has seen a great expansion in the past decade.

These are mostly involved in the retail sale of stuff through electronic shopping which means through their sites and applications. They may or may not have store retailing.

Begging a retail startup can be super challenging for any entrepreneur. This is because of the increasing rise in the competitors and risks in the market. Such businesspersons are the ones who are good at multi-tasking, willing to handle risks, and also survive and thrive in a competitive environment.

Which is The Largest Retailer in India?

Reliance Retail

Reliance Retail Revenue Growth

The name that every Indian is familiar with is Reliance. Reliance Retail is the largest retailer in India. In 2006, the enterprise decided to enter the retail industry by initiating its subsidiary, Reliance Retails. Mukesh Ambani founded this and when it comes to profit it is known to be the largest retailer in India. The headquarters is in Mumbai.

It includes Reliance Fresh, 7 Eleven, Reliance Trends, and Reliance consumer brand.

Top Retail Startups in India

Retail startups have now been existing in India for quite some time. The pandemic gave a great rise to retail industry. It not only strengthened the existing startups but also paved way for the new ones.

The following are the top retail startups in India:

Nykaa

Founded: 2012
Founder: Falguni Nayar
Headquarters: Mumbai

It is a beauty retail startup that sells beauty, wellbeing, and apparel products. It was founded in the year 2012. The founder is Falguni Nayar. The headquarters is in Mumbai. It provides products from brands like Maybelline, Lakme, Loreal, and more. Along with these, Nykaa offers a wide range of products under its name as well.

Its products are available on its website, application, and offline stores. It is one of the most successful retail startups that has now acquired the status of a Unicorn Startup in India.

Myntra

Founded: 2007
Founder: Mukesh Bansal, Ashutosh Lawania, Sankar Bora, Raveen Sastry, and Vineet Saxena
Headquarters: Bengaluru

It is a marketplace over the internet that belongs to the industry of retailing. Myntra was founded in 2007 and has headquarters in Bengaluru. The founders are Mukesh Bansal, Ashutosh Lawania, Sankar Bora, Raveen Sastry, and Vineet Saxena.

It enables the customers to purchase a great range of products. The products include apparel, lifestyle, accessories, mugs, and more.

Flipkart

Founded: 2007
Founder: Sachin Bansal and Binny Bansal
Headquarters: Bengaluru

The most prominent names when it comes to retail in India. Flipkart was established in the year 2007. Founders are Sachin Bansal and Binny Bansal. The headquarters is in Bengaluru. The company was acquired by Walmart in 2018.

The platform offers products in multiple categories and varieties. It offers products from domestic as well as foreign brands.

List of Youngest Self-made Billionaires in India

India is a country of young and successful entrepreneurs. Here is a list of some of India’s youngest self-made billionaires entrepreneurs.

StartupTalkyAbinaya Arangarajan

Paytm Mall

Founded: 2016
Founder: Vijay Sharma
Headquarters: Bengaluru

It is another digital retail startup founded in the year 2016. Paytm mall provides many domestic and foreign products. Vijay Sharma is the founder. The headquarters is in Bengaluru.

The platform allows the customers to purchase many products at reasonable prices. The products include apparel, furnishing, electronics, and many more.

Blinkit

Founded: 2013
Founder: Saurabh Kumar and Albinder Dhindsa
Headquarters: Gurugram

Blinkit (previously known as Grofers) is an online supermarket established in the year 2013 by Saurabh Kumar and Albinder Dhindsa. The headquarters of the startup is in Gurugram, Haryana. This grocery delivery platform links the consumers with local stores.

When it comes to retail startups, Blinkit is sure to be a prominent name. It provides a great variety of products. These include foodstuffs, fruits and vegetables, bakery, beauty, and more.

Lenskart

Founded: 2010
Founder: Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi
Headquarters: Faridabad

It is an Indian eyewear marketplace established in the year 2010. The founders are Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi. The headquarters is in Faridabad, Haryana. This allows customers to have direct access to their preferable eyewear.

Lenskart offers more than 5000 styles of various eye-wear products. These include contact lenses, spectacles with prescriptions, accessories, etc. It has also opened around 1000 offline stores and is one of the quickest-growing retail startups in India.

Sugar Cosmetics

Founded: 2012
Founder: Vineeta Singh and Kaushik Mukherjee
Headquarters: Mumbai

It is an operator of an online retail platform for cosmetics. It came into existence in the year 2012. Founders are Vineeta Singh and Kaushik Mukherjee. The headquarters is in Mumbai. The products offered by Sugar Cosmetics are available online and in offline stores too.

It offers a great collection of cosmetic products like lipsticks, eyeliners, concealers, and many more. It is the quickest growing startup in the field of beauty in India.

Bombay Shaving Company

Founded: 2015
Founder: Shantanu Deshpande and Rohit Jaiswal
Headquarters: New Delhi

It is a specialty retailer of grooming products for both men and women. It was founded in the year 2015 by Shantanu Deshpande and Rohit Jaiswal. The operational center is in New Delhi.

The startup’s products have become a popular choice of many. Its products include razors, lotions, grooming kits, and more.

Chumbak

Founded: 2010
Founder: Vivek Prabhakar and Shubhra Chadda
Headquarters: Bengaluru

It is a design-based retail startup established in the year 2010. The founders are Vivek Prabhakar and Shubhra Chadda. The main center of operations is in Bengaluru. The products are influenced by the world’s different forms of art and culture.

It also has various offline retail stores. It provides an enormous variety of products. These include home décor, gifting and lifestyle, apparel, and more. The retail startup is super popular for its fun and colorful products.

FirstCry

Founded: 2010
Founder: Amitava Saha and Supam Maheshwari
Headquarters: Pune

It is an online retailer that offers more than two lakhs of baby care and kids products. It came into existence in the year 2010. Founders are Amitava Saha and Supam Maheshwari. The main office is in Pune. Firstcry offers products through both online and offline stores.

The customers get to have its products easily and at reasonable rates. It offers many different products. These include children’s apparel, footwear, toys, gifts, accessories, and many more.

Top 20 D2C Startups in India to watch out for in 2022

D2C industry is one of the leading and successful industries in India. So, Here’s a list of some of the top d2c brands in India.

StartupTalkyPratyusha Srivastava

Pepperfry

Founded: 2011
Founder: Ashish Shah and Ambareesh Murty
Headquarters: Mumbai

It is a retail startup that deals in furniture and home merchandise. Ashish Shah and Ambareesh Murty established it in the year 2011. The headquarters is in Mumbai. It provides products from its own brand as well as from others.

Pepperfry provides a large number of different products in its online furniture marketplace. These include home decorations, kitchen items, furniture, and more.

Sleepy Owl

Founded: 2016
Founder: Ajai Thandi, Arman Sood, and Ashwajeet Singh
Headquarters: New Delhi

It is an internet retail startup established in the year 2016. It deals in coffee products. The founders of it are Ajai Thandi, Arman Sood, and Ashwajeet Singh. The main office is in New Delhi.

Its coffee products are super famous and relished by many as these are made from arabica beans. It sells its products online and also has many outlets in different cities in India.

Licious

Founded: 2015
Founder: Vivek Gupta and Abhay Hanjura
Headquarters: Bengaluru

The specialty retail startup offers top-quality meat products. It came into existence in the year 2015. The founders are Vivek Gupta and Abhay Hanjura. The headquarters is in Bengaluru.

Licious ensures the online delivery of a range of fresh meat products to the customers. The products include chicken, seafood, lamb, etc.

Arzooo

Founded: 2016
Founder: Khushnud Khan and Rishi Raj Rathore
Headquarters: Bengaluru

It is an Indian retail tech startup established in the year 2016. Khushnud Khan and Rishi Raj Rathore are the founders of Arzooo. The operational center is in Bengaluru. The startup is a provider of a great collection of electronic products.

The platform supports opposite auctions where instead of buyers, the sellers tend to propose the price for which they are ready to sell. This helps people to have a fair price for their selected products.

Faasos

Founded: 2011
Founder: Jaydeep Burman and Kallol Banerjee
Headquarters: Pune

It is a retail food-providing startup started in the year 2011. Founders are Jaydeep Burman and Kallol Banerjee. The headquarters is in Pune. Faasos offers a cloud-kitchen and dark kitchen model that provides food.

It runs more than 160 kitchens to provide meals to consumers. Whether you want biryani or your favorite dessert, the startup enables you to get it in no time.

DroptheQ

Founded: 2019
Founder: Vaibhav Singhal, Nikhil Monga, and Swati Agarwal
Headquarters: Noida

It is a retail and food-tech venture founded in the year 2019. The founders are Vaibhav Singhal, Nikhil Monga, and Swati Agarwal. The headquarters is in Noida, Uttar Pradesh. It enables people to straight-up place orders from the partner stores through the app.

As the name suggests, it eases up the shopping experience for users without waiting in the checkout queues.

MeatRoot

Founded: 2014
Founder: Mohit Bhonde, Vrushali Babar, and Shrikant Babar
Headquarters: Pune

It is a retail startup for meat products founded in the year 2014. The founders are Mohit Bhonde, Vrushali Babar, and Shrikant Babar. The headquarters is in Pune. The startup is an online store for fresh, frozen, and processed meat.

It offers products like seafood, chicken wings, exotic meat, pork, duck, goat meat, boneless chicken, and more.

DealShare

Founded: 2018
Founder: Vineet Rao, Sourjyendu Medda, and Sankar Bora
Headquarters: Jaipur

It is an online purchasing startup founded in the year 2018. Its main office is in Jaipur, Rajasthan. Vineet Rao, Sourjyendu Medda, and Sankar Bora are the founders. Its platform provides a great variety of products to the customers.

It allows people to purchase products easily and at cheaper rates. The products offered include fruits, vegetables, accessories, furnishings, etc.

Healthkart

Founded: 2011
Founder: Sameer Maheshwari and Prashant Tandon
Headquarters: Gurugram

It is a specialty retail startup established in the year 2011. Healthkart focuses on providing genuine health and nourishing supplements. The founders are Sameer Maheshwari and Prashant Tandon. The main office is in Gurugram, Haryana.

It allows customers to get everything related to fitness at one stop. It offers protein, vitamin supplements, products for weight loss, personal trainers, and more.

Zeno Health

Founded: 2017
Founder: Siddharth Gadia and Girish Agarwal
Headquarters: Mumbai

Zeno Health (earlier Generico) is a pharmacy retail startup established in the year 2017. The founders are Siddharth Gadia and Girish Agarwal. The headquarters are in Mumbai. It operates a chain of retail pharmacy stores to offer generic medicines at a reasonable price.

It offers great-quality medicines and also has a team of drugstore advisors at its stores. The main aim of this retail startup is to make healthcare more reachable and economical.

Conclusion

The startups are growing strong in India. One of the most important industries that have been seeing a great rise in terms of startups is the retail industry. In modern times, Indian customers are becoming more and more comfortable with online shopping. This helps them to have more variety and also cuts the role of middlemen.

Over the years, many retail startups like Myntra, Nykaa, Pepperfry, and the other above-mentioned have made great progress. These startups are transforming the traditional ways of retail business. These are sure to grow further and also inspire new startups in the field.

FAQs

Which are the top retail startups in India?

Top Retail startups in India are:
- Nykaa
- Myntra
- Flipkart
- Paytm Mall
- Blinkit
- Lenskart
- Sugar Cosmetics
- Bombay Shaving Company
- Chumbak
- FirstCry
Which is the largest retailer in India?

Reliance Retail is the largest retailer in India.

Which is the world’s largest retailer?

Amazon and Walmart are the world’s largest retailer.
April 14, 2022

Future Group – Creating And Executing Future Scenarios In The Consumption Space

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

Supermarkets in India are unusual in various aspects, owing mostly to the range of customers and, as a result, the retail sector’s different distribution strategies. The food business in India works throughout channels, from mom-and-pop shops to major supermarkets to online grocery stores.

We all have heard about the Big Bazar, one of the largest Indian retail chains of hypermarkets. All groceries, food, clothing, and retail stores are united underneath one rooftop. The retail chain of the company was founded by Kishore Biyani’s parent firm, Future Group, which is well-known in the Indian fashion and retail sectors.

Kishore Biyani founded the Future Group, an Indian firm headquartered in Mumbai, Maharashtra. With prominent grocery chains like Big Bazaar, as well as lifestyle outlets like Brand Factory and Central, the firm is well-known in the Indian fashion and retail industries.

Future Group – Company Highlights

Startup Name	Future Group
Headquarters	Mumbai, Maharashtra, India
Industry	Conglomerate
Founders	Kishore Biyani
Founded	1987
Products/Services	Retailing, Insurance, Logistics, Integrated foods, FMCG
Website	www.futuregroup.in

About Future Group and How it Works?
Future Group – Industry
Future Group – Name, Logo, and Tagline
Future Group – Founders
Future Group – Startup Story
Future Group – Mission, and Vision
Future Group – Operations, and Subsidiaries
Future Group – Business Model
Future Group – Joint Ventures
Future Group – Competitors
Future Group – Controversies

About Future Group and How it Works?

Future Group, an Indian conglomerate, is well-known in the Indian fashion industries and retail, including prominent supermarket chains such as Big Bazaar, as well as lifestyle boutiques such as Brand Factory. The company is also well-known in the FMGC and integrated foods production industries.

Future Group is a business conglomerate that manages practically all of its operations through its several operational entities depending on target industries. For instance, its retail business segment, Future Retail Limited, operates retail hypermarket or supermarket chains Big Bazaar (now owned by Reliance), FBB, Food Hall, Food Bazaar, Hometown, and others, while its clothing and fashion outlets Central, Brand Factory, and Planet Sports are run by another one of its business units, Future Lifestyle Fashions Limited. Furniture is sold at HomeTown stores around the country as well as digitally.

The Future Group also advertises its style and sporting brands such as Indigo Nation, Lombard, Spalding Bare, and FMCGs such as Clean Mate, Tasty Treat, Fresh, Ektaa, & Pure, Sach, Premium Harvest, and others through these numerous retail boutiques and supermarkets. It has operational firms that handle internal financial concerns and consultancy for the rest of the company.

Future Group – Industry

Future Group is a conglomerate or a multi-industry company.

Retail:

The retail industry in India is expected to increase to $1.5 trillion by 2030, up from $0.793 trillion in 2020, due to social-economic reasons such as industrialization, rising incomes, urbanization, and the expansion of nuclear families. The Indian e-commerce market, on the other hand, is anticipated to reach $350 billion by 2030, with a CAGR of 23%.

Financial Services:

India’s financial industry is broad and quickly increasing, both in terms of new entrants and the robust expansion of current financial services organisations.

The industry includes commercial banks, insurance companies, co-operatives, pension funds, mutual funds, and other smaller investment companies. The banking regulator has recently approved the establishment of new firms, such as payment banks, extending the sorts of entities that operate in the market. Nonetheless, India’s financial business is predominantly a banking sector, with commercial banks accounting for about 64% of the total capital in the financial system.

Future Group – Name, Logo, and Tagline

Company Logo of Future Group

According to the Future Group’s website, more than two million people visit their digital networks and stores every day to explore their product brands and collaborate with them in procuring, producing, and transporting items that meet the requirements and ambitions of a newer or future India. This is where their name is derived from.

Future Group’s tagline says, “Shaping India’s consumption journey.”

Future Group – Founders

Kishore Biyani founded the Future Group in 1987.

Kishore Biyani

Kishore Biyani, began his career selling stone-wash denim fabric in Mumbai in the 1980s. He is the CEO and creator of Future Group, as well as Big Bazaar and Pantaloon Retail, two retail firms. His ambition was to make something that only the wealthy could purchase available to everyone.

He planned to develop his own brands and commerce channels, and spend extensively on building the country’s top consuming ecology in the near future. Along the way, he invested in and mentored a number of other entrepreneurs and companies. He exemplifies the company’s motto, ‘Rewrite Rules, Retain Values,’ and believes Indianness to be the organization’s fundamental value.

Future Group – Startup Story

Kishore Biyani, the founder of Future Group, started working at his father’s, brothers’, and two elder cousins’ fabric-trading firm, “Bansi Silk Mills,” but was disillusioned and dissatisfied with the way they operated the company. Kishore noted that several of his friends used to wear “stonewashed” cloth pants at that time.

His first entrepreneurial breakthrough came when he discovered a local fabric producer who specialised in that type of cloth and marketed it to garment manufacturers and distributors in the city. In 1983, he established his own company, ordering the production of attractive cloth for sale to garment makers.

Pants were once known as “Patloon” in Hindi, from which they derived their brand name Pantaloon. Kishore later founded the Future Group to give his “Pantaloon” brand a new dynamic. Using a franchise concept, he developed the “Pantaloon” brand into retail. Afterwards, when, in 2001, the basis for Big Bazaar was established, Future Group added a slew of new brands, including Home Town, Ezone, Factory, Food Bazaar, Central, and Fashion at Big Bazaar.

Kishore listed 60 percent of his firm on the Indian stock market to acquire funding for retail upgrades, development, and advertising in 1992. By 1994, the Pantaloon franchise company had grossed 9 million rupees.

Biyani built his debut department store in Kolkata in August 1997, first renting and remodelling a 10,000 square foot space. This retail chain was much more than double the size of any other in Calcutta, and within three weeks, he opened 2 more such market stores. In 2001, he expanded his success by creating a network of retail establishments under the Big Bazaar nameplate. There were more than 100 Big Bazaar outlets around the country by 2009.

The Big Bazaar shops were purposefully built to seem chaotic, similar to the classic market stalls that his consumers were already used to. The Big Bazaar shops serve over two million consumers every week, while Pantaloon Retail employs over 30,000 people and has over 12 million square feet of retail space spread over 1100 locations in 75 cities. Every year, more than 300 million people, or one-fourth of the public, visit or return to the Big Bazaar outlets.

Future Group – Mission, and Vision

Future Group’s mission statement says, ” We share the vision that our customers and stakeholders are best served by creating and executing future scenarios in the consumption space leading to economic development.

We will be the trendsetters in evolving consumer brands and delivery formats and by making consumption affordable for all customer segments. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, cost-conscious and committed to quality in whatever we do.

We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful.”

The organisation shares the vision and belief that the best way to serve its customers and stakeholders is to create and implement future consumption scenarios that contribute to economic progress.

Future Group – Operations, and Subsidiaries

Financial Services:

Future Ventures
Future Generali India Life Insurance
Future Capital Holdings (for internal financial services)
Future Generali General Insurance

Retail:

Future Lifestyle Fashion Ltd
Swathi Tiffin Shop
Future Retail Ltd
Future Enterprises Limited
Foodhall
Future Consumer Limited

Other Services:

Future Brands
Future Innoversity
Future Supply Chains

Future Group – Business Model

Being in the industry of multi-brand retailing commerce is the company’s primary focus. There are roughly 20 small hypermarket easyday outlets and over 210 supermarket easyday stores available to the organisation.

Value business and home business are the two most common retail models. Food Bazaar, a supermarket; Big Bazaar, a hypermarket; Food Hall, a supermarket; FBB, a fashion destination; and Easyday convenience stores, are all part of the company’s revenue operation. eZone, a consumer durables and electronics chain and Hometown, a one-stop shop for home renovation, are two of the company’s home businesses.

Future Group – Joint Ventures

Generali Group

Italy-based Generali is an insurance firm that operates in India under the Future Generali Insurance brand. In India, Future Generali is represented by two legal entities: Generali India Insurance Co. Ltd. (Non-Life Insurance) and Generali India Life Insurance Co. Ltd. (Life Insurance).

Celio

Celio, a French fashion house, first entered the Indian market in 2008 in a 50:50 joint venture with Pantaloons Retail India Ltd, a subsidiary of Future Group (now Future Retail Ltd). Celio increased its interest in the joint venture to 65 percent in November 2013.

Clark

C&J Clark International Ltd. is accessories and footwear retailer established in the United Kingdom. The Future Group and Clarks Future Footwear Ltd have a 50:50 joint venture.

Staples Inc

Under a joint venture with Future Group, Staples Inc., a US-based office supplies store, has a presence in over nine cities in India.

FabFurnish

FabFurnish joined a Future Group company in April 2016.

Skechers

In 2012, Skechers entered India with a joint venture with Future Group. Skechers bought out Future Group’s 49 percent ownership in February 2019, bringing the joint venture to a close.

Future Group – Competitors

DMart, More, Spencer’s Retail Limited, Bigbasket, Reliance Retail, Star Market, Nature’s Basket, Mahindra, Hypercity, and Peppertap are the top ten competitors in Future Group’s competitive group.

Future Group – Controversies

Future Group and its founder Kishore Biyani are accused by the Jeff Bezos-led e-tailer of disobeying an interim decision issued by a Singapore arbitration court in October, which blocked the asset sale. Amazon has also urged an Indian court to imprison Biyani and has requested local regulators not to accept the Future-Reliance agreement while the arbitration is still ongoing. Amazon charged Future Group of violating provisions of a mutual agreement by publicizing an asset sale transaction with Reliance, the conglomerate led by Mukesh Ambani, in early October 2021.
Drowning in debt, Future Retail Ltd (FRL) announced in April 2022 that it has missed the deadline for repaying lenders Rs 5,322.32 crore due to continuing lawsuits with e-commerce giant Amazon and other concerns. This pushed Reliance Industries’ retail arm, Reliance Retail Ventures, to seek an amendment of the agreement’s long-stop date in order to complete the agreement with the Future Group.
The halt on the arbitral process between Amazon and Future Group before the Singapore International Arbitration Centre was removed by the Supreme Court of India in April 2022. Future Retail’s request for a stay of proceedings before SIAC will also be heard on a priority basis, according to the Bench. According to the Supreme Court’s judgement, the interim motion will be sent to the Delhi High Court, where proceedings have already commenced, as agreed by both companies.

Future Group – FAQs

What does Future Group do?

With prominent grocery chains like Big Bazaar, as well as lifestyle outlets like Brand Factory and Central, the firm is well-known in the Indian fashion and retail industries.

Who founded Future Group?

Future Group was founded by Kishore Biyani.

Which companies do Future Group compete with?

April 9, 2022

Top 10 Highly Profitable E-Commerce Business Ideas
E-Commerce is a business trending at present due to the increased convenience that it provides to the customer. All the activities of commercial transactions which include transfers, Supply Chain Management, electronic marketing, EDI, and distribution of goods and services are integrated by an electronic system. These convenience and quick buying decisions make e-commerce businesses achieve scale much faster than their brick and mortar counterparts.

E-commerce refers to the science of buying and selling goods and services over an electronic network, known as the internet.

According to a survey done by the Indian Government in 2021 which shows that demand is at a continuous growth of 12.79 % a year. Current active e-commerce penetration in India stands only 28%, with lots of room for improvement, India’s retail e-commerce is projected to reach 23% from 2016 to 2021. If you are looking to start an eCommerce store then here are some business ideas which you should try out.

You can also have a look at our list of Business Ideas With Low Investment and High Profits

WIDGET: leadform | CAMPAIGN: undefined

E-Commerce Business Ideas

Fashion products/service
Online Food & Grocery Services
Travel Agency Business
Online Health Services
Artificial Intelligence
Startup Consultant
International Shipping
Online Interior Designer
Pet Care Job
Online Education Services
Conclusion
FAQ’s

Fashion products/service

With the increase in the demographics of people who live an urban lifestyle where time and convenience is more valuable than money, people rely on an e-commerce website to fulfill their fashion need.

Online Fashion Market

Especially in the Fashion industry, there is a huge demand for niche products and services. This makes niche fashion websites massively popular as they serve their audiences with the latest trends. Even though the fashion industry is pretty crowded, there are still people who can’t find what they are looking for.

Creating quality brands that specialize in simple and minimalistic clothing is one such niche that targets the millennial demographics and could be a profitable business opportunity.

You can start your own e-commerce website by using WordPress and Wix and other platforms.

Also Read: 10 Best Online Marketing Tools for your Business

Online Food & Grocery Services

One of the most lucrative markets after 2020 is the online food and grocery business. This market has continued to develop as mobile apps become increasingly popular and are used by billions of people.

Online Grocery and Food Shopping

Given the wide range of products and equally huge market, the food and grocery industry is far from saturation. More and more people in urban areas are quickly shifting towards local produce and markets. As we can see, consumer behavior in the food industry is transforming thanks to emerging technologies and e-commerce trends.

As an entrepreneur, you can start small with local vendors and produce. Once your profits increase, you can easily scale up your business by establishing and improving relationships with your vendors.

Food-Tech Startups In India | Best Indian Food-Tech Startups [2021]]

India has a humongous food industry, the sixth largest in the world. Retailstartups account for about 70% of the total sales in this segment. According toreports, the food and retail market will be worth $ 828.92 billion by 2020. Thefood-tech industry is growing rapidly with the emergence and dev…

StartupTalkyAshwini

Travel Agency Business

A large number of Millennials wish to travel. Although, the process of travel is complicated by the lack of information about the destination they are traveling to and other hassles such as accommodation and transportation. This opens up a huge demand for online travel agencies which can incentivize the traveler and book hotels and transportation in a jiffy as well as providing curated content about the destination, hence making the life of the traveler easy!

The precious time saved in planning for a trip makes this business solve a huge problem for millennial travelers. The e-commerce business has flourished in this segment and a very personalized service curation is required in this segment which can give you the best customers for your business. The travel industry is all about how satisfactory your customer’s trip was. So, while starting up with this be quality-oriented.

Online Health Services

Unsurprisingly, even the healthcare sector has begun to creep into e-commerce territory with apps like Practo, Doctor2U, and YourDoctors. Even though each service works on different business models, the underlying concept is the same: doctors offer advice over text or chat to patients.

By making this service online, the need to physically visit a doctor is eliminated which saves both your time and your doctor’s. However, this does not substitute the need for in-person visitations but is useful to determine if an examination is necessary or not.

Artificial Intelligence

Artificial Intelligence

This idea may sound strange, but this is very helpful for everyone. You can create a startup business with the concept of artificial intelligence. It enables companies to gather as well as investigate data in real-time, thus facilitating more efficiency and competence in business.

The customers are provided with a personalized experience of knowledge about their preferences. Some examples of Artificial Intelligence in e-commerce are
1. CRM
2. Internet of Things(IoT)
3. Chatbots
4. Product Content Management
The Rise Of E-commerce Industry In India

With growing internet penetration and disposable incomes, people of India areexperiencing a massive change in their shopping habits. People from all frontsof life are using their smartphones to buy products and items. With the bigthree— Amazon, Walmart, and Alibaba—entering the E-Commerce sector …

StartupTalkyDevashish Shrivastava

Startup Consultant

In the upcoming ecosystem of startup businesses, startup business consultants have a major role to play. A large number of people starting a new business do not understand the nitty-gritty of starting up a new business and need online experts who can advise them in the right direction to make the process of starting up seamless. People prefer online consultants these days as they look for solutions on the internet with the advent of the digital revolution.

International Shipping

The lack of services in the field of shipping to and from overseas has made many people complacent with online shopping from Indian e-commerce. This presents a huge opportunity for international shipping startups that can book pickups at the mere click of a button.

An international shipping startup can be an alternative for sending products overseas or bringing in goods from abroad. With international shipping, people will be facilitated in terms of delivery of goods and increase the convenience of the globalized Indian online consumer.

Also Read : List of Logistic startups in India

Online Interior Designer

Interior designing is important for people who want to have a new home, but can not afford to employ an architect. An interior designer is someone who has the creativity, skills, and knowledge required to design a beautiful and functional space. Online interior designing is a practical as well as cost and time-efficient solution to make a structure of the house and a model home desired by the user at the convenience of their home internet.

Online Education Services

If you have expert knowledge of a subject, industry, or simply found a new way of doing things, then why not take a course about it?

With expected sales at $286 billion in 2023, a whopping 80% growth from the figure recorded in 2017, this makes for a good online business.

People are disappointed in both private and public educational institutions. One tends to be very costly and can only be afforded by a few while the quality of education in public institutions is dismal. Although there are many online courses, the demand for good and cheap education is at an all-time high.

Online Education

Also Read: How does Crowdfunding Work to Raise Money for Startup

Conclusion

Basically, to start any business a person needs passion and constant dedication. A person should be able to identify specific demand and the target customers for his products and services. We hope this list of online business ideas will help you to start your own business.

E-commerce – FAQ’s

What are the features of E-commerce?

The features of e-commerce are non-cash payment, service availability (24*7), Improved sales, support, advertising and marketing, inventory management, communication efficiency, faster, reliability, less time-consuming, on-the-go service, and saving time. It is available at any time and anywhere, helping in making better management of products and services.

What are the different e-commerce business models?

The different e-commerce business models are Business to Business (B2B), Business to Consumer (B2C), Consumer to Consumer (C2C), Consumer to Business (C2B), Business to Government (B2G), Government to Business (G2B) and Government to Citizen (G2C).

How does e-commerce work?

When a customer needs any product to buy, a customer goes to the website and chooses the product that he wants to buy. After the selection of the product, a customer will select the mode of payment whether it is online or offline and after that product will checkout and order. The ordered products information has been exchanged with the customer and delivery logistics. This process is being done in just a matter of minutes only. For e-commerce enablement, getting internet merchant bank account, webs hosting, obtaining the digital certificate, provider for online transactions, and purchasing or creating the shopping cart software.

Tell us which different sector e-commerce applications are available in the market?

The applications are mainly available for many different sectors or areas, from those areas some are like books, music, financial services, home electronics, mobiles, entertainment, apparel, travel services, toys, movie tickets, information, gifts and computer products, accessories, etc.
November 16, 2021

List of Top 20 Richest People of Asia in 2021

Even during the pandemic, the net worth of many billionaires have been growing consistently. According to Forbes, the number of billionaires in the Forbes 35th list of the world wealthiest people, the number of billionaires have increased to 2,755, which was 660 more than a year ago.

Everyone knows that the richest person on the planet is Elon Musk with a net worth of $203.4 billion, followed by Jeff Bezos with $192.2 billion and Bernard Arnault & family with $185.8 billion, as of October 16, 2021. But do you know the top twenty richest people in Asia? According to Bloomberg Billionaire Index and the Forbes Billionaires List, the top 15 richest people in Asia, collectively account to over $500 billion.

The people in this list are self-made, big tech tycoons and real estate giants. The person who takes the top spot in the list of Asia is none other than India’s richest person, Mukesh Ambani who is the Chairman of the conglomerate, Reliance Industries Ltd. The other high profile billionaires from the continent are Jack Ma, Gautam Adani, Zhong Shanshan, Ma Huateng, Li Ka-Shing, etc. To find out who else made the top 20 according to Forbes.

1. Mukesh Ambani
2. Zhong Shanchan
3. Gautam Adani
4. Robin Zeng
5. Ma Huateng
6. Zhang Yiming
7. Jack Ma
8. Li Ka Shing
9. He Xiangjian
10. Lee Shau Kee
11. Colin Huang
12. Tadashi Yanai
13. Ding Lei
14. Wang Wei
15. Takemitsu Takizaki
16. Masayoshi Son
17. Yang Huiyan
18. Qin Yinglin
19. Pang Kang
20. Li Xiting
Frequently Asked Questions

Here is the list of the Top 20 Richest People in Asia.

1. Mukesh Ambani

Chairman/MD	Reliance Industries Ltd
Net Worth	US$100.6 billion (as of October 2021)
Industry	Energy, Telecom, Retail, Petrochemicals, Textiles and Natural Resources
Country	India
Age	64 (2021)

Mukesh Dhirubhai Ambani is an Indian Billionaire Businessman, the Chairman, Managing Director and the largest shareholder of the Reliance Industries Ltd., which is an energy and telecom multinational conglomerate.

Reliance Industries owns business across India and has its foothold in the industries such as energy, petrochemicals, textiles, natural resources, retail and even telecommunications. The company is also in the list of the Fortune Global 500 Company and is the country most valuable company as per its market value.

Ambani is credited for creating Jio, an affordable 4G phone service in India. The billionaire also owns an Indian Premier League team known as the Mumbai Indians and also has a property worth more than $400 million. As of 16^th October 2021, Mukesh Ambani is the richest person not only in India but also Asia with a net worth of US $100.6 billion and is also the 11^th richest person in the world. The head honcho of Reliance India Limited has joined the coveted club of billionaires with a fortune of at least $100 billion on 8th October 2021, Friday, following the rapid rise of the stocks of the conglomerate.

2. Zhong Shanchan

Founder/ CEO	Nongfu Spring
Majority stake holder	Beijing Wantai Biological Pharmacy Enterprise
Net Worth	US$71.6 billion (as of 28th May 2021)
Industry	Beverage and Pharmacy
Country	China
Age	67

Zhong Shanshan is a Chinese billionaire businessman, the founder and chairman of Nongfu Spring which is a popular beverage company in China and a majority stake holder of Beijing Wantai Biological Pharmacy Enterprise.

Nongfu Spring is a bottled water and beverage company that went public in September 2020, the company recently tripled its value to $85 billion. As of 16th October 2021, the net worth of Shangshan is $71.6 billion, making him the richest person in China, the 2nd richest person in Asia after Gautam Adani.

He became the second richest person in Asia due to the recent stock listing of Nongfu and also because Wantai Biological managed to tap into the high demand of Covid 19 kits. Zhong Shanshan is also known to have accumulated his wealth the fastest in history, according to Bloomberg.

3. Gautam Adani

Founder/ CEO	Adani Group
Net Worth	US $75.20 billion (as of October 2021)
Industry	Resources, Logistics, Energy, Energy, Defence, Aerospace, Real Estate, Financial, etc.
Country	India
Age	59 (2021)

Gautam Shantilal Adani is an Indian Billionaire Industrialist, the Founder and Chairman of the Adani Group. Adani Group is an Indian multinational conglomerate that has diverse businesses across the industries of resources, logistics, energy, energy, defense, aerospace, real estate, financial, etc.

Adani Group has an annual revenue of more than US $13 billion with operations in more than 50 countries. Adani is especially known for being a port developer and operator and is known for having the largest port in the country known as the Mundra port.

As of 2018, Gautam Adani has over 66% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power, and a 75% stake in Adani Transmission. As of 16th October 2021, Gautam Adani has a net worth of US $75.20 Billion, making him the second richest person in Asia. He had recently overtaken Chinese bottled water producer, Zhong Shanshan in September 2021.

4. Robin Zeng

Founder/ Chairman	Contemporary Amperex Technology
Net Worth	US $50.70 billion (as of October 2021)
Industry	Automotive Li-ion Batteries, Energy Storage Systems, Battery Recycling
Country	China
Age	53 (2021)

Robin Zeng also known as Zeng Yuqun is a Chinese billionaire entrepreneur, the Founder and Chairman of Contemporary Amperex Technology (CATL).

The CATL is well known Chinese’s battery manufacturer and Technology Company that specializes in making lithium-ion battery for electric vehicles, battery management systems. Zeng is among the richest people in China and in Asia. With a net worth of $50.70 billion, he recently overtook Jack Ma, as per the reports dated October 16, 2021.

5. Ma Huateng

Chairman/MD	Tencent Holdings
Net Worth	US$49.10 billion (as of October 2021)
Industry	Technology
Country	China
Age	49 (2021)

Ma Huateng, also known as Pony Ma is a Chinese Billionaire Businessman, the Founder, Chairman and CEO of Tencent. Tencent is the continent’s most valuable company and one of the largest internet and Technology Company.

Besides , Tencent is also one of the biggest investment, gaming and entertainment conglomerate in the world known for developing China’s instant messaging app called WeChat. According to Time magazine Ma Huateng is one of the most influencial people in 2018, while Fortune also ranked him as among the top businessmen of the year in 2017.

The businessman wealth comes from the 9.7% stake in Tencent holdings. He is known to own properties in Hong Kong and art pieces that are worth over US $150 million. As of 16th October 2021, the net worth of Ma Huateng is US $49.10 billion, making him one of the richest people in China and the 5^th richest person in Asia.

6. Zhang Yiming

Founder/ Former CEO	ByteDance
Net Worth	US $44 billion (as of October 2021)
Industry	Internet Technology
Country	China
Age	38 (2021)

Zhang Yiming is a Chinese Billionaire Businessman and the Founder of ByteDance and developer for the news aggregator Toutiao and the world renowned video sharing platform TikTok. ByteDance is a Chinese multinational internet tech company known for developing video sharing and social networking sites like TikTok and Douyin.

ByteDance also developed an app known as Toutiao, which is a platform that delivers news content in various forms. As of 2018, ByteDance has over 800 million daily users across all its content platforms and has been valued at $250 billion as of 2021. According to Bloomberg billionaires index Zhang’s personal wealth is estimated to be around $44 billion.

Zhang Yiming stepped down from the position of CEO of Bytedance to embrace a new role within the company on 20^th May 2021.

7. Jack Ma

Founder/ CEO	Alibaba Group
Net Worth	US$42.30 billion (as of October 2021)
Industry	Technology, E-commerce, Retail
Country	China
Age	56 (2021)

Jack Ma is a Chinese billionaire businessman, the Founder and former Executive Chairman of Alibaba Group. Alibaba is a Multinational Technology Conglomerate that specializes in E-commerce, retail, technology and offers C2C, B2C and B2B sales, electronic payments, shopping search engines and cloud computing services.

Alibaba is the world largest retailers and e-commerce companies and has the 6^th highest global brand valuation in 2018. Jack Ma was ranked 2^nd in the Forbes list of the World 50 greatest leaders and is also a popular philanthropist as he has supported many underprivileged communities in China, Africa, Australia, and the Middle East.

As of 16th October 2021, the net worth of Jack Ma is US$42.3 billion making him a distinguished billionaire in China and the 7^th richest person in Asia.

8. Li Ka Shing

Chairman	Li Ka Shing Foundation
Net Worth	US $31.80 Billion (As of October 2021)
Industry	Real Estate
Country	Hong Kong
Age	92 (2021)

Li Ka Shing is a Hong Kong businessman, an investor and well known philanthropist. He is the senior advisor and former chairman of the board for CK Hutchison Holdings and CK Asset Holdings. Li Ka Shing is 92 years old and is known to be the world leading port investor, developer and operator of the largest health and beauty and retailer in Asia and Europe.

According to Forbes Hong Kong Fortune league chart, Li Ka Shing became the richest person in Hong Kong in February 2021. Li is often regarded as “Superman li” by the Hong Kong media because of his business prowess, he also is the most influential entrepreneurs in the continent.

Li presides over a huge business empire that has its foothold in the industries such as transportation, real estate, financial services, retail, and energy and utilities. The billionaire is also a philanthropist that leads a simple life and has donated billions of dollars to charity and causes making him Asia most generous philanthropists.

As of 16th October 2021, Li Ka Shing net worth is over US $31.80 Billion making him one of the richest person in Hong Kong and among the richest in Asia.

9. He Xiangjian

Founder	Midea Group
Net Worth	US$31.70 billion (as of October 2021)
Industry	Consumer appliances
Country	China
Age	79 (2021)

He Xiangjian is the Co-founder of Midea Group, which is known to be one of the world’s largest appliance makers. Midea Group is electrical appliances manufacturer that has more than 200 subsidiaries.

The company is known for its products like lighting, water appliance, floor care, small kitchen appliance, laundry, cooking appliance and refrigeration appliances. According to Bloomberg Billionaire Index, Xiangjian was ranked the 44^th place as his net worth was $32.7 billion in April 2021.

Media is also the world largest producers of robots and appliances which is why the company was also listed in the Fortune Global 500 since 2016. He Xiangjian stepped down from the company operation in 2012, but is still one among the richest in China and Asia with a wealth of $32.70 billion.

10. Lee Shau Kee

Founder/Chairman	Henderson Land Development
Net Worth	US $31.10 billion (as of October 2021)
Industry	Real Estate
Country	Hong Kong
Age	93 (2021)

Le Shau Kee is a billionaire businessman from Hong Kong, real estate tycoon, founder and former chairman of Henderson Land Development. Henderson Land Development is a well known property conglomerate with stakes in property, hotels, restaurants and internet services.

The company’s main activities are property development, investment, project management, construction, hotel operation, finance, investment holding and infrastructure. The billionaire controlled over 70.17% of the share capital of the company as of 2015.

Kee stepped down from the position of chairman in 2019 at the age of 91 and passed the mantel to his sons. Le Shau Kee is one of the richest people in Hong Kong and in Asia. His net worth is estimated to be $31.10 billion, as of 16th October 2021.

11. Colin Huang

Founder/ CEO	Pinduoduo
Net Worth	US$31.10 billion (as of October 2021)
Industry	E-commerce, Agriculture
Country	China
Age	41 (2021)

Colin Huang also known as Huang Zheng is a Chinese billionaire businessman, the Founder and CEO of Pinduoduo. Pinduoduo is a leading E-commerce and the largest agriculture-focused technology platform in China. Pinduoduo’s main objective is to connect farmers and distributors directly with the consumers and provide an interactive shopping experience.

Over 600,000 merchants have sold their produce through the platform with more than 12 million farmers supplying their fruits and vegetable to the merchants. According to Bloomberg, the platform has over 628 million customers and made $4.2 billion in 2019. Huang has also founded two other popular internet based companies known as Xinyoudi (a gaming business) and Ouku.com (an e-commerce platform).

The businessman has grown his wealth steadily in the recent years, climbing the global ranks from number 94 in 2019, to number 57 in 2020, and then 21. As of 16th October 2021, Colin Huang net worth is US$31.10 billion, which makes him the one of the richest people in China and the 11st richest person in Asia.

12. Tadashi Yanai

Founder/ Chairman	Fast Retailing
Net Worth	US$32.5 billion (as of October 2021)
Industry	Retail
Country	Japan
Age	72 (2021)

Tadashi Yanai is a Japanese Billionaire businessman, the Founder and President of Fast Retailing. Fast Retailing is public Japanese retail holding company that owns more than a 1000 stores. The company owns popular Japanese subsidiaries like Uniqlo, J brand, Comptoir des Cotonniers, GU, Princesse Tam Tam and Theory.

He is also the biggest shareholder of Asia’s largest clothing retailer known as Uniqlo. According to Bloomberg Billionaire Index, Tadashi Yanai became the richest person in Japan and the 34^th richest person in the world, as his net worth was estimated to be $42.billion as of April 2021.

However, as of 16th October 2021, the billionaire’s net worth is US $32.5 billion, making him the richest person in Japan and among the richest in Asia.

13. Ding Lei

Founder/CEO	NetEase
Net Worth	US $29.8 billion (as of October 2021)
Industry	Technology
Country	China
Age	49 (2021)

Ding Lei is also known as William ding is a Chinese Billionaire businessman, the Founder and CEO of NetEase. NetEase is Internet Tech Company known for its services like content, community, communications and commerce. The company also develops online PC and mobile games, advertising services and e-commerce platforms in China.

NetEase is one of the largest internet and video game companies in the world. Besides gaming, NetEase works with other online media entertainment like movies and music. Ding Lei is known to have made many contributions to the development of computer networks in China, while his company work with Blizzard Entertainment and Microsoft subsidiary Mojang.

According to Bloomberg, the net worth of Ding Lei as of 16th October 2021 is $29.8 billion, making him one of the richest people in China and in Asia.

14. Wang Wei

Founder/Chairman	SF Express
Net Worth	US $28.8 billion (16th October 2021)
Industry	International express delivery and logistics services
Country	China
Age	50 (2021)

Wang Wei is a Chinese billionaire businessman, the Founder and Chairman of SF Express. SF Express is a multinational express delivery services and logistics company. The company is the 2^nd largest courier in China as it provides domestic and international express delivery.

It is also known for the SF Airlines which has a fleet of 50 cargo aircrafts. SF Express began in 2009 and has transported more than two million tonnes of cargo till 2018. This is why the SF Express is known as the “Fedex of China.”

As of 16^th October 2021, the net worth of Wang Wei is US $28.8 billion, making him one among the richest people in China as well as in Asia.

15. Takemitsu Takizaki

Founder/Chairman	Keyence
Net Worth	$28.5 billion (as of October 2021)
Industry	Technology
Country	Japan
Age	75 (2021)

Takemitsu Takizaki is a Japanese bilionaire businessman, founder and chairman of Keyence. Keyence is a well-known manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes.

The company has many big brands as its clients Toyota, Toshiba, and Volkswagen. Takizaki stepped down as the company chairman but still has a net worth of $28.5 billion, as of 16th October 2021, making him one of the richest people in Japan and Asia.

16. Masayoshi Son

Founder/ CEO	Softbank
Net Worth	US$28.20 billion (as of October 2021)
Industry	Investment
Country	Japan
Age	63 (2021)

Masayoshi Son is a Japanese billionaire entrepreneur, the Founder and CEO of SoftBank and also the chairman of the UK based Arm Holdings. Softbank is a well-known Japanese multinational holding company that operates in the areas of broadband, fixed-line telecommunications, e-commerce, internet, technology services, finance, media and marketing, semiconductor design, etc.

The company was also ranked 36^th in the list of Forbes Global 2000. Masayoshi Son’s net worth is estimated to be $28.2 billion as of 16th October 2021, making him the one of the richest people in Japan and the 16th richest person in Asia. Masayoshi was also ranked as the 45^th in the list of Most Powerful People, according to Forbes.

17. Yang Huiyan

Chairman and Majority stake holder	Country Garden Holdings and Bright Scholar Education Holdings
Net Worth	US $27.3 billion (as of August 2021)
Industry	Real Estate
Country	China
Age	40 (2021)

Yang Huiyan is a Chinese billionaire businesswoman, Property developer and a majority stakeholder of Country Garden Holdings, 70% of shares of the company were transferred to her by her father Yang Guoqiang in 2007.

The Country Garden is a property development company that constructs buildings and manages hotels in China, owned by Yang’s family. The company was ranked 147thin the Fortunes Global 500 list. Country Garden has more than 200 high-end township developments in countries like China, Malaysia, and Australia.

As of August 2021, Yang Huiyan’s net worth is estimated to be $27.3 billion, making her not only the richest woman in China but also the richest woman in Asia.

18. Qin Yinglin

Founder/Chairman	Muyuan Foodstuff
Net Worth	US $25 billion (as of October 2021)
Industry	Food and beverage
Country	China
Age	56 (2021)

Qin Yinglin is a Chinese billionaire, founder and chairman of Muyuan Foodstuff. Muyuan is a popular pig breeding and distribution company that breeds and sells pigs and pork products. Qin is known to have started the company with his wife in 1992, and by 2019 the company made $3 billion.

The agriculture billionaire is known to be the “the country’s largest pig breeder in the world’s biggest pork market”, according to Forbes. Qin is famous as the world’s richest farmer. His net worth is estimated to be $25 billion, as of 16^th October 2021. This makes him one of the richest people in China and in Asia.

19. Pang Kang

Chairman	Foshan Haitian Flavouring and Food Co.
Net Worth	US $23.80 billion (as of October 2021)
Industry	Food and beverage
Country	China
Age	65 (2021)

Pang Kang is a Chinese billionaire businessman and the chairman of a popular food and beverage company known as Foshan Haitian Flavoring and Food Co. The company manufactures a wide variety of sauces and flavoring, it is also the largest manufacturer of Soy Sauce in the world.

Based in China’s Guangdong providence, the food company made $2.9 billion in 2019, within five years of its launch. Foshan also makes over 200 different condiments such as oyster sauce, hoisin, shrimp, vinegar, and chicken stock.

As of 16^th October 2021, the net worth of Pang Kang is over $23.80 billion, making him one of the richest people in China and in Asia as well.

20. Li Xiting

Founder/Chairman	Shenzhen Mindray Bio-Medical Electronics
Net Worth	US $21.30 billion (as of October 2021)
Industry	Medical Electronics
Country	Singapore
Age	70 (2021)

Li Xiting is a Singaporean billionaire, Founder and former Chairman of Shenzhen Mindray Bio-Medical Electronics. Over the year the billionaire has been one of the pioneers in the world of healthcare. While his company is known to operate in 30 countries and have over 17 subsidiaries.

Mindray is known for its healthcare devices such as health monitoring systems, ventilators, defibrillators, anesthesia machines and infusion systems. According to Forbes, Li Xiting is the richest person in Singapore in 2020. As of 16th October 2021, the net worth of Li Xiting is $21.30 billion, making him the richest Singaporean and among the richest people in Asia.

Frequently Asked Questions

Who are the top three richest people of the world?

The top three billionaires of the world are Elon Musk, with a net worth of $203.4 billion, followed by Jeff Bezos with $197.7 billion and Bernard Arnault with $193.2 billion, as of 16th October 2021.

Who are the top ten richest people of Asia?

The top ten richest billionaires of Asia are Mukesh Ambani, Zhong Shanchan, Gautam Adani, Robin Zeng, Ma Huateng, Zhang Yiming, Jack Ma, Li Ka Shing, He Xiangjian, Le Shau Kee.

Who are the other top people of Asia?

The other top billionaires of Asia are He Xiangjian, Ding Lei, Li Ka Shing, Yang Huiyan, Wang Wei, Pang Kang, Li Xiting, Qin Yinglin and Takemitsu Takizaki.

October 16, 2021

PayKickstart Review: An Easy Cart Management Solution
Getting your business online is still a line that many struggles to cross. The reason being the complications that arise while trying to get a store up on the internet. This used to be true although, in the present age, web services have made the process so much easier.

If you’re looking to get into e-commerce then PayKickstart is worth considering. PayKickstart is an automated and customizable cart manager and affiliate platform designed to help your online business. It is easy to get started with and provides features that help you accept payments, manage carts, and sell your products online.

Co-founded by Mark Thompson in 2014, the service was marketed on social media. Since then its become popular due to its simplicity and gained conversions. Having a broad vision from a customer’s perspective, the platform is flexible and offers multiple ways payment options. It lets you add offers, provide trials and subscription-based services.

Apart from this, PayKickstart serves benefits for affiliates with its affiliate management center by providing essential features and statistics.

Features of PayKickStart
Pricing of PayKickStart
FAQ

Features of PayKickStart

A platform that’s made to be friendly for people who aren’t tech-savvy often does well, and PayKickstart is no exception. It provides users with instructions on how to set things up along with occasional hints and tips.

It packs in complex features and yet maintains simplicity and a user-friendly interface. This is something many platforms do but fail to get right. That being said, let’s dive into some of the platform’s core features.

Learn more about Paykickstart here

Payment Gateways

From a customer standpoint having multiple ways to pay for your product is always appreciated. It makes a store feel convenient and friendly for making a purchase. PayKickstart supports:
- Card payments
- Stripe
- Apple Pay
- Google pay
- Bank Transfers
- Paypal
These gateways only require a few clicks to set up and more gateways can be added or removed at any time. The use of integrations means the gateways you use are automatically updated without needed any extra effort.

The payment gateways work well with subscription-based services as well. A subscriber will automatically be prompted to use the same gateway unless they choose to change it. The only thing missing here is the ability to pay through cryptocurrencies.

This isn’t a deal-breaker for most people but if you’re looking to accept payments specifically through cryptocurrencies then this service may not serve your needs.

PayKickStart accepts all popular payment gateways

Subscriptions

PayKickstart has an ideal system to manage your subscriptions. These subscriptions help your business build long-term customer relationships. Users of the platform can set custom billing models and create plans appropriate for the business accordingly. The process is easy and requires little effort to set up. There is also added support for coupons, trials and add-ons.

The subscription management system also lets you charge customers on a usage basis. This means that you can charge them dynamically based on product or service consumption.

Furthermore, there are options to set up free plans with limitations and processing fees. Having a detailed configuration is essential to make sure your business has the perfect pricing strategy and PayKickstart makes it possible for businesses to create pricing plans accurately.

PayKickstart subscription dashboard

Integrations

Everyone has preferences and businesses are no exception. Integrations allow users to connect applications they know and love to the platform’s already vast feature set.

There are unlimited possibilities of what could be done for your business when you combine the functionality of various applications to your pricing model.

For example, you can create discounts for customers who have a membership or set a trigger in your email marketing tool when a product is purchased. These are just some of the ways in which you can use the 60+ integrations that are supported by the platform.

A few of the platform’s supported integrations

Learn more about Paykickstart here

Affiliate Platform

PayKickstart has a built-in affiliate management platform to help boost your growth and expand your reach. Offering an affiliate program is a great way to turn your customers into marketers. The platform has a dedicated panel with all the tools needed for you to start and manage an affiliate program for your business.

You can view and approve affiliate profiles, track commissions and get some analytics on generated leads. Some additional features for affiliate marketing include:
- Cookie tracking with IP fallback
- Cross-campaign tracking
- Branded tracking links
- Lifetime commissions tracking
The platform makes automated payments easy and fast. There’s also a panel to check total leads and monthly commissions. Affiliate commission payouts are done securely via Paypal.

The affiliate dashboard gives a bird’s eye view of all affiliate activities

Pricing of PayKickStart

Being a popular cart management solution, PayKickstart is priced optimally. In all seriousness, the plans are named according to your needs and have the features to get you going.

The Starter plan is available for $99/month and contains all the prime features with the lack of an affiliate management program. As the name suggests this is ideal for businesses and startups who aren’t willing to spend much but need a good cart solution.

If you want to step it up with affiliate management, the Growth plan is priced at $199/month and includes additional features such as full API access and customer retention tools.

The Scale plan grants you unlimited user access, priority customer support, and CRM integrations for $299/month. This is great for upscale businesses that require multiple user access and fast support to keep their business going.

PayKickStart pricing and plans

Learn more about Paykickstart here

Conclusion

Getting your business online shouldn’t be complex. The rise of platforms allowing everyday business owners to take their business online is certainly having a positive impact on e-commerce.

PayKickstart tries to be a feature-rich cart manager that you can easily add to your website. The added benefit being a complete affiliate marketing center that comes with the platform which you’ll appreciate later down the line. The pricing and its well-structured design make it a go-to platform for setting up payments for businesses at any scale.

FAQ

What is Paykickstart?

PayKickstart is an automated and customizable cart manager and affiliate platform designed to help your online business. It provides features that help you accept payments, manage carts, and sell your products online.

What is the pricing of Paykickstart?

The Starter plan is available for $99/month, the Growth plan is priced at $199/month and The Scale plan is priced at $299/month.

What are some of the alternatives of Paykickstart?

Chargebee, Shopify, WooCommerce, and BigCommerce are some of the alternatives of Paykickstart.
September 2, 2021
Business Model of Zara: The Fast Fashion Retail Leader
Zara is a Spanish fashion retailer with headquarters in Arteixo, Galicia. Apparel, jewelry, footwear, swimsuits, grooming, and fragrances are among the company’s products, which include fast fashion. It is the biggest business in the Inditex group, which is the largest garment retailer on the planet. Zara is one of the most popular retail clothing brands in the world, if not the most popular. It strives to foster a sustainable enthusiasm for fashion across a broad range of customers, distributed across many regions and different ages, with its stunning debut of the notion of “quick fashion” shopping since its founding in 1975 in Spain.

Zara – History
Zara – Products
Zara – Business Model
Conclusion
FAQs

About Zara Business Model

Zara – History

Amancio Ortega | Zara Founder

Amancio Ortega and Rosalia Mera launched Zara, the world’s most famous fashion retail firm, in 1975 in Spain with a capital of 30 Euros. They intended to call their store Zorba after the movie Zorba, but there was also a pub with that name on the same street. As a result, they chose Zara because having two Zobra within the same neighborhood would only create confusion. Zara used to sell low-cost knockoffs of famous, high-end apparel and style in the beginning.

Rosalia Mera | Zara Founder

Zara’s strategy for fashion and operating model gained popularity with Spanish customers during the next eight years. As a result, nine additional outlets have opened in Spain’s major cities.

Inditex was founded in 1985 as a trading corporation, laying the groundwork for a supply system responding fast to changing market trends. Ortega coined the term “instant fashion” to describe a revolutionary design, manufacturing, and distribution approach that could shorten lead times and respond to new styles more quickly. This was fueled by significant expenditures on computer technology and the use of organizations rather than solo artists for the essential “design” component.

Ritu Kumar: The Pioneer of Indian Fashion

Ritu Kumar is one of the leading fashion designers in India whose dresses are worn by famous personalities like Princess Diana and Priyanka Chopra.

StartupTalkyManav Makhija

Zara – Products
- Men’s Clothing
- Women’s Clothing
- Children’s Clothing (Zara Kids)
- Accessories
Zara – Business Model

Zara Logo

Zara’s business strategy is precisely designed, effectively incorporating all of the aspects that leads to the improvement of this global undertaking. There really is no single commercial operation that is directly liable for this company’s success. Joint venture, growth strategy, efficient supply chain management, and other unconventional actions and ideas all contribute to the growth of this kind.

The firm is known for its expertise in promptly providing fresh merchandise to stores. Zara uses a tight program in order to accomplish this. Supervisors buy goods twice per week at specified times, and fresh clothes come twice a week on schedule. Zara’s success is built on this ethic.

Fast Fashion is one of Zara’s main concepts. The concept of a fast manner is comparable to that of FMCG (Fast-moving Consumer Goods). Fast fashion is typically employed to appeal to a younger and middle-aged demographic. This type of clothing does not go out of trend; rather, it runs out of stock. The quick fashion cycle is basic to comprehend. A young individual purchases a simple set of clothes that can be used 6-8 times before the material begins to fray. It causes the person to buy new clothes, which leads them back to that place, and the cycle repeats. The foregoing are some of the primary strategies of Zara:-

1. Vertical Integration is the key
Vertical integration is a value or supply chain control method in which a corporation owns or manages its manufacturers, resellers, or store outlets. Industry profits from vertical integration because it allows them to regulate operations, cut costs, and enhance efficiencies. Vertical integration, on the other hand, has drawbacks, such as the considerable financial expenditure necessary.

Zara’s vertically integrated supply chain allows it to maintain direct oversight while also providing speed and flexibility to their clients. Zara employs cutting-edge techniques to ensure that they can quickly bring new concepts to market that are exactly what clients want, whenever they want it.

2. Centralization
Zara has a profound, consistent, and swift pace that revolves around quick shop delivery. Every Zara store places two orders per week on particular days. Carriers depart at precise times, and supplies reach at particular times in shops. When clothes arrive at their destination, they are already labelled and priced, making them ready to sell right away.

Because of this well-established pattern, every employee in the production process – from design through sourcing, manufacturing, transportation, and retail – is aware of the timing and how their actions affect other departments. This applies perfectly to Zara buyers, who exactly know when to go shopping for brand new clothes.

Zara’s dependence on centralized order fulfilment allows businesses to run extremely efficient operations, from early strategy to execution to shops. Further illustration as to why continuous improvement and supply chain management are crucial to revenue and scalability is the business’s strategy.

3. Inventory management
Zara can supply more frequently and in limited volumes during the season because of the fast turnover from manufacturing plants adjacent to its marketing headquarters in Spain. If Zara’s swiftly created style in an effort to follow the current fashion fails to sell successfully, there is little harm done. Because the amount is low, there aren’t a lot of unsold copies to get rid of. And, since this failed experiment was short-lived, there may still be time to attempt another style, and then another.

How did Zara Face its First Loss [Case Study]

Zara’s supply chain management has helped Zara become one of the most profitable and recognized brands in the fashion industry. Read this article to know more about it.

StartupTalkyArbaz Sayed

Conclusion

Zara prides itself on remaining on top of the latest trends and radiating an upscale vibe, but its production process is the real show-stealer. These industry-leading procedures elevate it from a mere clothing store to a market leader in fast fashion executed well. Zara excels at guaranteeing that everything goes as planned, as it has more control over its production and business network than most of its competitors. Zara’s main strategy is to diversify through various vertical integrations in order to develop.

FAQs

Where does Zara get their clothes made?

Zara manufactures its most fashionable items in Spain, Portugal and Turkey.

Where is the biggest Zara store in the world?

The biggest Zara store is in Madrid, Spain.

What is Zara most famous for?

It is most famous for its Fast Fashion.

Who are the founders of Zara?

Amancio Ortega and Rosalia Mera are the founders of Zara.
August 20, 2021
How Dropshipping Works? Should you Start Dropshipping in 2021

Many of you must have heard the word “Dropshipping”. Your friends must have been telling you again and again. Many other people must be talking about it around you. But you have no idea what they were talking about. So let’s face it.

According to a report 27% of online retailers have adopted dropshipping. We will tell you about dropshipping which can be an amazing business opportunity for you. If not, it will still be better to know about this term. Before getting directly to how dropshipping works, we will be knowing what it is.

What is Dropshipping Business?
How Dropshipping Works?
Why Customers Don’t Go Directly To “W”?
Benefits Of Running A Dropshipping Business
The Downside
Should You start Dropshipping in 2020?

What is Dropshipping Business?

Dropshipping is a supply chain management system. In dropshipping, the retailer does not necessarily keep the stock of the good every time. The product is delivered to the customer directly from the wholesaler. People say it is investment free and you can make so much money from it. Yes, it is true, but it cannot give long-term success. There are many apps and websites available which can let you earn for free. But, if they are free, then there must be a big crowd of people who are doing it. And very few unique niches left when there is that much competition. So, I would suggest you create a website and raise your own business to the sky.

How Dropshipping Works?

How Dropshipping Works

Dropshipping is not that tough to understand that you think you it is. Take an example of C (customer), R (retailer) and W (wholesaler). C visits the website of R, which is R.com. C sees an amazing watch for Rs. 1000 and he immediately click at the “buy now” option. After filling details, he gets an email that the watch will be shipped in the next 4 or 5 days. Now, let’s go to R. R receives the order and the payment. He just informs about it to W and pays him Rs. 600 for that watch. W gets to know about the order C just made. He prepares the watch to supply it to C. C gets his watch, R gets his profit and W gets his money too. Everyone is happy. Do you see? R is making money out of nothing. He just took C’s money and bought the watch from W and made a profit. This is what Dropshipping is. But remember, it is not that simple as it seems in the example above. You have to work your butts off in making the strategy to make a profit.

Why Customers Don’t Go Directly To “W”?

What is Dropshipping

I know you must be thinking how stupid that customer is. Customers can directly go to wholesalers’ websites and order directly from there and get an amazing discount. But just imagine, you are in a Facebook group of around 6,00,000 people. Many people post good reviews of the products the admin posts in the group or on his website. Will you go for this man? Or will you directly go to some Chinese wholesaler website and buy from it. You know nothing about that Chinese company. So definitely, it will be so insane to buy from that website. However, on the other hand, you buy that product from that group’s admin. In case, there is something wrong, you can contact him or post in the group at least. But there will be no one to hear you out on that wholesaler’s website. That is why people buy from the retailers rather than buying directly from the wholesaler.

Benefits Of Running A Dropshipping Business

There are many advantages to the dropshipping business. Some main of them are:

1. You can run your business from anywhere in the world. All you have to have is your laptop, your phone and internet access.

2. It is a mobile business because you don’t have to worry about inventory and warehouse management. So, you don’t have to spend money on those investments.

3. There will be no headache for the leftover stock as you don’t own any stock at all.

4. You can easily try a new product without buying it if you want to. All you have to find is the supplier.

5. The shipping takes less time as the product is shipped directly from the wholesaler to the customer. Speaking of which, the retailer also saves so much time as they do not have to manage the products physically.

Hiding Business Ideas – Yay or Nay? | Startuptalky

Having business ideas stolen is the worst nightmare of any businessperson. The fear of someone stealing your idea always remain in mind. That gives rise to thetendency of hiding ideas from everyone. That can, in many ways, turn out to beharmful to your business. But here’s what you need to know:…

StartupTalkyGorish Dua

The Downside

1. A lot of competition makes it difficult to sell a product. Even if your quality is good, you can’t expect too many customers. Unless you are selling a unique product.

2. You might have to suffer the low margin. As the supplier is doing most of the work, they may ask you for much more money than you expected.

3. You need to have good networks. Although there are many dropshipping suppliers available online, you can’t believe what they are saying.

4. There is no point in your dropshipping business unless you have a good brand identity. If no one knows you, no one will come to you. So you will have to work on building a brand.

5. You can experience times when your supplier will just raise both hands and say I don’t have the stock. In those cases, you can’t say anything but find other suppliers.

Digital Marketing Business ideas | Online Business in 2019

Digital marketing is gaining immense popularity among entrepreneurs, marketersand consumers. While entrepreneurs andsoi marketers use digital marketing[https://startuptalky.com/tag/digital-marketing/] to reach out to a large target audience,consumers life has also become easier as they can explo…

StartupTalkyLakshya Singh

Should You start Dropshipping in 2020?

Yes, you can start dropshiping on 2020. But the competition is much higher than before. Hence, If you want to do a dropshipping business, please do deep research on this topic first. Furthermore, meet people who are already doing it and also those who have failed in it. Also do the product research and find best products for dropshipping in 2020. Don’t think it’s easy to do this. Moreover, if you want to play it safe, go for free ways to do it. Go for Shopify 14 days free trial and sign up to Oberlo. This would give you a basic idea of how it works. But do not expect much from it. If you fail to make money from this method, that doesn’t mean it doesn’t work. Try building a brand or a Facebook page with many followers.

Conclusion

The dropshipping business can be started with very little investment. But that doesn’t make it is an easy job. Every work in this world is equally hard. Only an intelligent person makes it easy to do. And intelligence comes from experience. Do dropshipping but also expect failure and loss from it. Learn to make a smart move in this field. Moreover, always have a backup in this business as your supplier can take his step back anytime.

This was our overview of dropshipping which also covered how dropshipping works.Share this post with all those friends who always keep annoying you by telling about easy business ideas. And let them know what a real business is?

FAQs

How do Dropshippers make money?

Dropshipping businesses act as product curators, selecting the right mix of products to market to customers. Remember, marketing is a cost you incur, in both time and money, helping potential customers find, evaluate, and buy the right product.

How much do I need to invest to start Dropshipping?

Though it’s hard to predict the exact costs for any individual business, there are a few items every dropshipping business will need to spend money on in order to get started.

Is Dropshipping a legitimate business?

Dropshipping is merely a fulfillment model, one used by many global retailers, and is perfectly legal. Like with any business, satisfying customer expectations and building a brand that resonates with the right audience is still key to long-term success.

Ultimate Guide to Hashtags Marketing | Trending Entrepreneur Hashtags

Hashtags are a kind of metadata tags used on Social media platforms, which letusers apply a user-generated tag to the content. When it comes to social mediamarketing, brands heavily rely on Hashtag marketing. To increase their reachamong an increasingly global market, more brands use social media…

StartupTalkyVidhi Punamiya

May 21, 2021

SleepyCat wants to Bring out the Garfield in You

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

The history of sleeping solutions is as long as human history itself. Early-man used to sleep on the ground and gradually, in an attempt to make the sleeping experience more pleasurable, man started using feathers, straw, grass etc. With the development of human intelligence came the concepts of bed and mattress. In India, cotton mattress and later coir mattresses remained popular for a long time. Now with the advent of new technology, new mattresses with better features have become available in the market. We have a wide range of mattresses from spring mattress to foam mattress, memory foam mattress and even orthopedic mattress.

SleepyCat, a startup in Kolkata came up with India’s first out of the box mattress. The startup was founded by Kabir Siddiq in 2017.

Read more about SleepyCat’s Company Profile, Founders, Competitors, Funding, Idea, Business model, logo, Revenue etc. in this article!

The uniqueness about SleepyCat mattress is that these mattresses are compressed using automated compression technology. After compression, the mattress easily fits into a small box and thus becomes easily transportable. Sleepycat delivers mattresses right to your doorstep. SleepyCat’s mission is to make mattress shopping ridiculously easy. While the long term vision of the company is to become India’s number 1 sleep solutions brand.

SleepyCat Company Highlights

Startup Name	SleepyCat
Headquarter	Kolkata
Founder	Mr. Kabir Siddiq
Sector	E-commerce
Founded	2017
Revenue/Turnover	Rs 80 crore (FY19)
Funding	$1.6 Million
Parent organisation	SleepyCat

SleepyCat – Industry Details
SleepyCat – Founder
SleepyCat – The Idea and starting up
SleepyCat – Name and Logo
SleepyCat – Product
SleepyCat – Revenue Model
SleepyCat – Customer Acquisition
SleepyCat – Funding
SleepyCat – Challenges
SleepyCat – Competitors
SleepyCat – Achievements
SleepyCat – Future Plans
SleepyCat – FAQs

SleepyCat – Industry Details

The Indian mattress Market Outlook, 2021, reports that overall mattress market is growing with a CAGR of 8.20% from the last five years. The major factors responsible for this growth are increased income and increase in the number of household units and hotels.

According to India Mattress Market Overview, 2016-2022, the Market Size of Mattress Industry is estimated to be around USD 2 billion where 65% of the industry is unorganized and 35% is the organized sector. The market share of the unorganized sector in the Indian mattress industry is falling rapidly. Besides, the India online mattress market is expanding gradually and is expected to reach INR 290 crore market in FY’2020.

The online market is currently only around 4-5% of the entire sector but growing rapidly at a CAGR of around 20-30%. With increased income and a wide range of choices available, the demand for branded mattresses has increased, and many players have entered the organized mattress market.

SleepyCat – Founder

Kabir Siddiq is the founder and CEO of SleepyCat.

After graduating from Indiana University Bloomington, in 2010 he worked with leading organizations such as Deutsche Bank and Space International Pte Ltd. In 2017 he started SleepyCat.

SleepyCat, like any other startup, cultivates growth in each of its members. More than being employees, it implores each member to treat the company as its own. Hence, imparts an added sense of responsibility and dedication towards their roles.

SleepyCat – The Idea and Starting Up

“The Journey of SleepyCat began when I entered the old and unchanged mattress Industry. I realized a big gap existed in the market between manufacturing a mattress and eventually delivering it to a consumer” Says Kabir Siddiq, Founder & CEO of SleepyCat

Kabir observed that the long chain consisting of distribution, logistics, warehousing and retail, severely inflated the price of a mattress without reason. In addition, the quality and structure of a mattress being sold at a price like that was nowhere close to being comparable or justified. To top it all, mattress shopping was troublesome with so many unnecessary choices.

“I wanted to simplify this and make the process of mattress-shopping fun and easy while delivering a world-class product through just four simple clicks! ” Added Kabir Siddiq, SleepyCat founder

SleepyCat – Name and Logo

SleepyCat’s logo features a sleepy cat. With an amazing hidden notion.

“Cats like to sleep for 20 hours a day and the name ‘SleepyCat’ pays tribute to the Garfield in all of us that’s just wants to eat and sleep the whole day”

SleepyCat – Product

SleepyCat is India’s First Mattress-In-A-Box brand. The box mattress is manufactured using a special technology which makes it compact enough to be packed in a small box.

The main aim of the company is to simplify mattress shopping. It delivers a specialized gel memory foam based mattress that comes conveniently packed in a box straight from their factory to the customer’s doorstep free of any shipping costs. This way SleepyCat help the customers save 75% costs that would otherwise be spent on unnecessary faux material and middlemen cuts.

We have adopted a very disruptive model in the current industry and focus on the consumer. We make mattress shopping easy, convenient and affordable.

The company also offers benefits like 10 years of unbeatable warranty, 30 nights free trial and one day deliveries in cities like Mumbai and Bangalore.

SleepyCat also does its part of being socially aware. Thus, with the help of the SleepyCat Community, it gives back to society by donating mattresses to those in need.

SleepyCat – Revenue Model

The SleepyCat Revenue is quite simple. As SleepyCat delivers directly from their factory to the customers, it can sell the mattresses at a cheaper price. It keeps a fair margin on every product. In May 2018, the company reported a revenue of INR 3.5 Crore.

SleepyCat – Customer Acquisition

Starting off on Amazon LaunchPad was a very important step for SleepyCat. It gave SleepyCat the much-required opportunity to tap into an already set up marketplace.

Hence, getting the initial set of order was the most exciting time for us. The orders came in slow but steady in the initial months

Gradually, SleepyCat started growing its online presence by starting its own site. The company took the help of social media to attract its customers. It penetrated social media platforms like Facebook and Instagram. The company also put in effort to attract their target customers through content that was fun and readable. Besides video content was created with the help of influencers to aid the audience understand the brand further.

SleepyCat – Funding

The SleepyCat funding can be seen in the fact that it raised its Series A funding on September 2019 of $1.6 Million, It was led by DSG Consumer Partners and Sharrp Ventures. The round also saw participation from Gemba Capital and other angel investors. As part of the deal, Hariharan Premkumar (DSG Consumer Partners) and Chaitanya Deshpande (Sharrp Ventures) will join Sleepycat’s board of directors

The capital raised was invested towards building the online presence of Sleepycat through channel partnerships, new product launches and to build its management team.

SleepyCat – Challenges

Being the first of its kind in India, SleepyCat aimed at disrupting the traditional mattress industry. This was a challenge in itself as buyers were not aware of the concept of a ‘Bed-In-A-Box’ and the efficiencies around it.

As said by Kabir, Logistics also was always a challenge. Since the company uses third-party courier service, it always was on the firing end when they did not deliver on time.

SleepyCat is responsible for the customers’ product regardless if the courier is not under our control.

SleepyCat – Competitors

Many competitor brands are entering the market now. There are many companies like Sleepyheads, Comfort Mattress, Dorsal, Dan-Foam, A.H. Beard and Molaflex.

However, the company believes that the best way to deal with competition is to keep their customers at the forefront. Also, SleepyCat innovates on sleep products and always strive to provide something new and groundbreaking to the customers. It aims to build the trust required and create a positive presence in the market by maintaining transparency with customers at all stages.

When we are able to build greater bonds with our customers that go beyond the product itself, we know we’ve done it right.

SleepyCat – Achievements

Within a short period of time, SleepyCat has been able to achieve a lot. Some of the major achievements are –

Within a span of 1.3 years the company has sold over 10,000 mattresses
SleepyCat is the highest rated mattress on the internet across Amazon, Google and Facebook.
The company has been successfully selling around 500 mattresses monthly with an average price per unit being approximately Rs. 17500/-

SleepyCat – Future Plans

SleepyCat’s future plans include –

Evolving an improvised version of the current product in terms of fabric.
Launching mattress in the luxury segment
Growing as the total sleep solution company
Currently, 50% of SleepyCat’s products are manufactured in China. The company is planning to do 100% of manufacturing in India in the coming years.

SleepyCat – FAQs

What is SleepyCat?

SleepyCat has come up with India’s first out of the box mattress. These mattresses are compressed using automated compression technology

Is Memory Foam bad for your back?

Normally, Memory foam mattresses are recommended for back pain. The memory foam uses the body heat to soften and mould to the body shape, thus providing support and comfort.

How big is the Mattress Industry?

As per a research report published by the Zion Market Research, the Global Mattress industry is growing at a CAGR of 6.5% between 2018 and 2024. India’s overall mattress market has grown at a CAGR of 11% over last five years, with an estimated size of INR 10,000 crores in 2019.

Who is Kabir Siddiq?

Kabir Siddiq is the Founder and CEO of SleepyCat.

March 12, 2021

Snapbizz- Smart Billing Solution Made For Grocery Stores

The content in this post has been approved by the organization it is based on.

SnapBizz, headquartered in Bengaluru, provides new age solutions to convert the neighbourhood Kirana stores into smart stores with a host of features to enable the store owner to leverage on latter’s current strengths to gain a competitive edge and increase store profitability.

SnapBizz has helped kirana/ grocery store owners in cities such as Bengaluru, Mumbai, Pune, Chennai and New Delhi deploy its digital technology-led solutions for running their retail stores. The company has set its eye on digitising over 100,000 kirana stores over the next 18 to 24 months.

Snapbizz- Company Highlights

Startup Name	Snapbizz
Headquarter	Bengaluru, Karnataka
Sector	Retail, E-Commerce
Founder	Mr. Prem Kumar
Founded	2013
Parent Organisation	Snapbizz
Website	snapbizz.com

Snapbizz- About and How It Works
Snapbizz- Founder
Snapbizz- Name, Logo and Tagline
How Snapbizz started?
Snapbizz- Vision
Snapbizz- Unique Selling Proportion (USP)
Snapbizz – Business Model and Revenue Model
Snapbizz- Impact On Kirana Stores
Sanpbizz- Startup Launch
Snapbizz- Funding And Investors
Snapbizz- Competitors
Snapbizz – Growth/ Revenue

Snapbizz- About and How It Works

Snapbizz transform traditional Kirana stores into virtual supermarkets and give them a competitive edge in the current environment to make them far more profitable.

It is the result of extensive market research and pilot studies done to understand the pain points and key challenges of the consumer goods ecosystem stakeholders (consumer, retailer, distributor, and brand). This has led to the development of a unique disruptive product that delivers material measurable value to each of the stakeholders.

It is driven by a highly experienced team with a proven track record in delivering measurable value both developing and developed markets through successful business models and product innovations. A highly passionate team with in-depth domain expertise and track record in prior start-ups, value creation and successful exits across Retail, FMCG, Telecom and wireless technologies.

Snapbizz creates a social impact by:

Reversing marginalization for SMB’s retailers
Driving digital inclusion in a large section of India’s workforce
Skilling the bottom of the retail pyramid

And, there Driving last mile connectivity by connecting kirana stores to consumers and other ecosystem players like:

FMCG brands and distributors
Cash and carry chains
Research and marketing agencies
Fintech players

Snapbizz- Founder

Snapbizz is founded by Mr. Prem Kumar.

Prem Kumar is an industry veteran with over 30+ years of experience in Retail, FMCG, Telecom, and Technology across developed markets like US and Europe and emerging markets like India, Eastern Europe, China and Africa. In India, he has worked the length and breadth of the country in the FMCG industry and has held leadership roles in companies like Lakme Lever, Benckiser, and SC Johnson.

He has been a part of the founding team that built one of the largest retail chains in Eastern Europe. Currently, he is the founder and CEO of SnapBizz which is India’s largest network of kirana stores – a platform that empowers the kirana store owners to leverage their strengths and gain competitive edge in the current changing landscape. Having worked very closely with small merchants across different countries, he is extremely passionate about helping them to be more successful and profitable.

He has been the voice of the kirana stores to represent their best interest across national and international platforms. Infact, he has been celebrating the kirana stores during the Covid times as the unsung heroes who are in the forefront of serving the country’s large population.

Snapbizz- Name, Logo and Tagline

SNAPBIZZ brings to you a “Smart” Billing Solution especially made for kirana/grocery stores. Perform everyday operations easily and much faster. The tagline: “THE RETAIL BOOSTER” goes perfect with ample amount of support they are currently providing to grocery stores across major cities.

Its logo goes with a ‘bar-code’; which is pretty obvious because Snapbizz software is a GST billing software that can be customized to fit your business needs and enables users to attain higher performance.

How Snapbizz started?

The SnapBizz journey began with Qualcomm conducting a pilot in India to introduce wireless technology into the fragmented retail sector. Given the success of the pilot, they were on the lookout for an entrepreneur who had the experience of building a company in the space. Having seen Mr. Prem Kumar’s work with CisLink, an integrated data system derived company, they reached out to him and SnapBizz was born with Qualcomm being their first investor.

Snapbizz- Vision

Snapbizz’s vision is to develop a mobile technology platform connecting all stakeholders of a fragmented retail market ecosystem while adding value to individual stakeholders.

SnapBizz is the result of extensive market research and pilot studies done to understand the pain points and key challenges of the consumer goods ecosystem stakeholders (consumer, retailer, distributor, and brand). This has led to the development of a unique disruptive product that delivers material measurable value to each of the stakeholders.

Snapbizz- Unique Selling Proportion (USP)

SnapBizz has a range of solutions solutions/apps which allows the kirana stores to carry out the store operations efficiently and effectively. It provides the store owners with their very own consumer app to acquire new customers and service their customers better. Its solutions integrates the kirana stores (via cloud) with FMCG brands, distributors, wholesalers, financial service players and E-commerce players (B2B and B2C) thereby enabling the store owners to get more promotions, better pricing, wider access to assortment, reduce working capital requirements and access to financial services. SnapBizz has had a massive impact on the society – particularly in the following areas:

Digital and financial inclusion of kirana store owners
Reversing marginalization of kirana stores
Skilling people at the bottom of the pyramid

Snapbizz – Business Model and Revenue Model

SnapBizz has developed a unique technology solution for Kirana stores that transforms it into a smart store with the help of a few plug and play options. It has positioned its product as a “money-making machine” for kirana stores as it helps the store owners to improve their profitably. The solutions come with a host of features (back by AI and ML) to help the kirana stores compete with the larger supermarket chains from an intelligence standpoint. The easy-to-use solutions to manage and optimize store operations include:

Point of Sales Solutions:

Based on the business volumes/size of the kirana stores, it has a range of solutions/apps that enables the store owners to digitize all aspects of store operations – billing, customer management, inventory management, online ordering of supplies, create virtual merchandising space, take the store online and cloud-connect them to all the stakeholders of the eco-system to get better promotions/discounts from brands and suppliers

SnapOrder:

A mobile app that enables Kirana stores of all sizes to go online with their supplies instantly. The consumers can use the app to place orders directly with the Kirana stores – either for pick-up or for home delivery. This enables the Kirana store to manage demand efficiently and prevent over-crowding at the store – particularly during the lockdown period

Snapbizz- Impact On Kirana Stores

SnapBizz enables the kirana store owners to focus on their weak areas (Store experience, Offers, Freshly stocked produce) and compete against the bigger ecommerce/big-box players.

Variables that is important to consumers	Customer Satisfaction at Kirana Stores before Snapbizz Deployment	Customer satisfaction at Kirana stores after SnapBizz deployment
Store Experience	LOW	HIGH
Proximity (from House)	HIGH	LOW
Pricing/Offers	LOW	HIGH
Convenient payment options (providing credit)	HIGH	LOW
Freshly Stocked Products	MEDIUM	HIGH
Familiarity with Store Owner	HIGH	HIGH

Sanpbizz- Startup Launch

The Smart Kirana store once cloud-connected presents real-time access to the various stakeholders of the FMCG ecosystem including brands, wholesalers, distributors, advertising agencies, e-commerce (B2B/B2C) players and financial service players. The cloud platform allows FMCG stakeholders to access valuable data on various facets of the FMCG supply chain. The data not only gives them a birds eye views of the sector nationally and by geography but also helps them build meaningful relationships with the Kirana store owners basis demand and supply.

FMCG Brands: SnapBizz retail analytics solution enables them to track the performance of their brand SKUs, competition and that of the category. It also allows them to engage consumers visually and contextually, run targeted promotions, overcome supply chain and assortment challenges and furthermore avoid stock-out situations.
E-commerce players: SnapBizz platform offers them an opportunity to leverage the hyper-local assortment demands, understand inventory and delivery capabilities of the Kirana store so that they can service their consumers efficiently and scale-up operations.
Wholesalers/Distributors: SnapBizz platform enables them to increase share of wallet in the store and garner insights on what they are missing out on selling to the stores.
Finserve players: SnapBizz platform gives them access to reach out and engage the Kirana stores with financial service products while continuously monitoring the financial health of the store.

In the past one month, SnapBizz has launched new solutions that enables these FMCG stakeholders to address the immediate the challenges associated with the lockdown:

SnapSupply: A mobile app that enables FMCG brands/distributors to list their supplies online for their Kirana store network and enables the latter to place orders. This technology solution enables its large workforce to focus more on addressing the prevailing supply chain challenges than on order generation-related operations
SnapPulse: This retail analytics solution enables the FMCG brands to track the performance of the products, competition and that of the category on a weekly and monthly basis. The data is collected from the SnapBizz network of stores across the country and the insights are shared by the subject matters experts/ data scientists working in SnapBizz regularly.
SnapTek: SnapTek enables accelerated technology migration for all FMCG stakeholders with services likes white-label applications, tech consultations, etc.

Snapbizz- Funding And Investors

SnapBizz’s current investors include marquee VCs such as Jungle Ventures, Taurus, Blume Ventures and strategic investors such as Nielsen, Qualcomm, AUO and Mr. Ratan Tata and has raised in excess of USD 14 million over Seed and Series A rounds .

Snapbizz- Competitors

SnapBizz’s top 7 competitors are BeWo, EasyPOS, Eretail Cybertech, Nukkad Shops, Getpose, Vend and Hike POS. Together they have raised over 58.6M between their estimated 449 employees. BeWo is the top competitor of SnapBizz.

Snapbizz – Growth/ Revenue

SnapBizz currently has a network of 10 000+ kirana storesacross 7 major cities across India that collectively do a business (GMV) of approx. of $1 Billion/year. Given its successful inroads into major cities, the company was on its way to build a network of 50,000-60,000 Class A stores and 1,50,000 -2,00,000 Class B/C stores across 42 cities in the next couple of years – and becoming a $ 21Bn platform.

However, given its increasing relevance due to the lockdown (where most grocery fulfilment is being done by kirana stores), the company is now on its way to achieve that target much earlier.

Snapbizz – Future Plans

Given its increasing relevance in the space due to the current circumstances, SnapBizz is on a fast-track mode to build a network of 150,000 stores across 42 cities and becoming a $ 15 billion platform.

September 11, 2020

Tag: ecommerce retail

Most Popular And Successful Online Retail Startups In India

What Are Retail Startups?

Which is The Largest Retailer in India?

Reliance Retail

Top Retail Startups in India

Nykaa

Founded: 2012Founder: Falguni NayarHeadquarters: Mumbai

Myntra

Founded: 2007Founder: Mukesh Bansal, Ashutosh Lawania, Sankar Bora, Raveen Sastry, and Vineet SaxenaHeadquarters: Bengaluru

Flipkart

Founded: 2007Founder: Sachin Bansal and Binny BansalHeadquarters: Bengaluru

Paytm Mall

Founded: 2016Founder: Vijay SharmaHeadquarters: Bengaluru

Blinkit

Founded: 2013Founder: Saurabh Kumar and Albinder DhindsaHeadquarters: Gurugram

Lenskart

Founded: 2010Founder: Peyush Bansal, Amit Chaudhary, and Sumeet KapahiHeadquarters: Faridabad

Sugar Cosmetics

Founded: 2012Founder: Vineeta Singh and Kaushik MukherjeeHeadquarters: Mumbai

Bombay Shaving Company

Founded: 2015Founder: Shantanu Deshpande and Rohit JaiswalHeadquarters: New Delhi

Chumbak

Founded: 2010Founder: Vivek Prabhakar and Shubhra ChaddaHeadquarters: Bengaluru

FirstCry

Founded: 2010Founder: Amitava Saha and Supam MaheshwariHeadquarters: Pune

Pepperfry

Founded: 2011Founder: Ashish Shah and Ambareesh MurtyHeadquarters: Mumbai

Sleepy Owl

Founded: 2016Founder: Ajai Thandi, Arman Sood, and Ashwajeet SinghHeadquarters: New Delhi

Licious

Founded: 2015Founder: Vivek Gupta and Abhay HanjuraHeadquarters: Bengaluru

Arzooo

Founded: 2016Founder: Khushnud Khan and Rishi Raj RathoreHeadquarters: Bengaluru

Faasos

Founded: 2011Founder: Jaydeep Burman and Kallol BanerjeeHeadquarters: Pune

DroptheQ

Founded: 2019Founder: Vaibhav Singhal, Nikhil Monga, and Swati AgarwalHeadquarters: Noida

MeatRoot

Founded: 2014Founder: Mohit Bhonde, Vrushali Babar, and Shrikant BabarHeadquarters: Pune

DealShare

Founded: 2018Founder: Vineet Rao, Sourjyendu Medda, and Sankar BoraHeadquarters: Jaipur

Healthkart

Founded: 2011Founder: Sameer Maheshwari and Prashant TandonHeadquarters: Gurugram

Zeno Health

Founded: 2017Founder: Siddharth Gadia and Girish AgarwalHeadquarters: Mumbai

Conclusion

FAQs

Which are the top retail startups in India?

Which is the largest retailer in India?

Which is the world’s largest retailer?

Future Group – Creating And Executing Future Scenarios In The Consumption Space

Future Group – Company Highlights

About Future Group and How it Works?

Future Group – Industry

Retail:

Financial Services:

Future Group – Name, Logo, and Tagline

Future Group – Founders

Kishore Biyani

Future Group – Startup Story

Future Group – Mission, and Vision

Future Group – Operations, and Subsidiaries

Financial Services:

Retail:

Other Services:

Future Group – Business Model

Future Group – Joint Ventures

Generali Group

Celio

Clark

Staples Inc

FabFurnish

Skechers

Future Group – Competitors

Future Group – Controversies

Future Group – FAQs

What does Future Group do?

Who founded Future Group?

Which companies do Future Group compete with?

Founded: 2012
Founder: Falguni Nayar
Headquarters: Mumbai

Founded: 2007
Founder: Mukesh Bansal, Ashutosh Lawania, Sankar Bora, Raveen Sastry, and Vineet Saxena
Headquarters: Bengaluru

Founded: 2007
Founder: Sachin Bansal and Binny Bansal
Headquarters: Bengaluru

Founded: 2016
Founder: Vijay Sharma
Headquarters: Bengaluru

Founded: 2013
Founder: Saurabh Kumar and Albinder Dhindsa
Headquarters: Gurugram

Founded: 2010
Founder: Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi
Headquarters: Faridabad

Founded: 2012
Founder: Vineeta Singh and Kaushik Mukherjee
Headquarters: Mumbai

Founded: 2015
Founder: Shantanu Deshpande and Rohit Jaiswal
Headquarters: New Delhi

Founded: 2010
Founder: Vivek Prabhakar and Shubhra Chadda
Headquarters: Bengaluru

Founded: 2010
Founder: Amitava Saha and Supam Maheshwari
Headquarters: Pune

Founded: 2011
Founder: Ashish Shah and Ambareesh Murty
Headquarters: Mumbai

Founded: 2016
Founder: Ajai Thandi, Arman Sood, and Ashwajeet Singh
Headquarters: New Delhi

Founded: 2015
Founder: Vivek Gupta and Abhay Hanjura
Headquarters: Bengaluru

Founded: 2016
Founder: Khushnud Khan and Rishi Raj Rathore
Headquarters: Bengaluru

Founded: 2011
Founder: Jaydeep Burman and Kallol Banerjee
Headquarters: Pune

Founded: 2019
Founder: Vaibhav Singhal, Nikhil Monga, and Swati Agarwal
Headquarters: Noida

Founded: 2014
Founder: Mohit Bhonde, Vrushali Babar, and Shrikant Babar
Headquarters: Pune

Founded: 2018
Founder: Vineet Rao, Sourjyendu Medda, and Sankar Bora
Headquarters: Jaipur

Founded: 2011
Founder: Sameer Maheshwari and Prashant Tandon
Headquarters: Gurugram

Founded: 2017
Founder: Siddharth Gadia and Girish Agarwal
Headquarters: Mumbai