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Tag: enterprise software

  • Top 10 Best FMLA Tracking Software in 2023

    Imagine yourself sitting in front of the laptop in your cabin with hundreds of leave applications, managing and analyzing each one by one. sounds horrible right? But it becomes more terrible when at the same time you need to take care of different compliances, like FMLA compliance. Ignoring compliance can put you and your company in big trouble. According to the report published by the US labor department, 966 FMLA complaints were registered in the year 2020 and 48% of these complaints resulted in heavy penalties and fines for the companies for non-compliance.

    But today you don’t need to worry about anything because we have numerous software that makes this cumbersome task a game of jokes. You can manage the time off of your employees by taking all the compliances into perspective.

    So, to boost your productivity and make your task much easier, we have brought the list of the best leave-tracking software that has amazing FMLA tracking features.

    What is FMLA?
    What is FMLA tracking software?
    Top FMLA Tracking Software

    1. FMLA manager
    2. LeaveSource
    3. Zoho People
    4. GoCo
    5. GreytHR
    6. TimeOut by CWS Software
    7. Timetastic
    8. Replicon
    9. Leaveboard
    10. AbsenceSoft

    What is FMLA?

    ‌FMLA stands for the Family and Medical Leave Act, it is a federal act passed in the year 1993 that allows employees to take unpaid leave from work for specific reasons as mentioned in the law. This law provides eligible US workers with unpaid leave to take care of their medical conditions as well as for family medical issues. This law empowers employees to take leave for up to 12 weeks if they are eligible. Eligibility for FMLA leave is based on whether the worker’s family member has a serious health condition or a serious medical condition that makes them unable to work. Also, in order to apply for FMLA leave, employees must work for more than 12 months in the company.

    FMLA also provides that if an employer wants to fire an employee because of their absence under FMLA, they must wait to terminate the employee until at least 12 months have passed since the scheduled return date of the medically unfit employee. The 12-week period of unpaid leave can be 12 consecutive weeks or spread out throughout the year. Also, the employee cannot be dismissed for requesting FMLA leave but can be terminated during the leave if the reason for termination is not related to FMLA.

    What is FMLA tracking software?

    FMLA tracking software is a kind of leave-tracking system that has the capability to handle FMLA leaves and their compliances along with other features. Everything in a business should be organized and transparent, even leave management also. This FMLA leave tracking software plays a vital role to prevent managers from making any mistakes while calculating and managing the leaves of every employee.

    FMLA tracking is a feature of leave tracking software that helps to track and manage FMLA leaves. Some software like FMLA manager is wholly dedicated to FMLA and other states, federal, and company leave compliance tracking but there is some software that provides other features also, along with FMLA tracking.

    Top FMLA Tracking Software

    ‌‌The following are the Top FMLA Tracking Software

    FMLA manager

    Rating 4/5
    Best For All types of enterprise

    FMLA manager is the software product introduced by J.J Keller and associates to simplify the most confusing and troublesome task of HR professionals. Started in 1953, J.J Keller and his 1,500 associates have served more than 6 lakh customers worldwide including more than 90% from fortune 1000. Since it has more than 50 years of experience in compliance and regulatory management, we can trust the product.

    Because the name of the software is FMLA manager, it doesn’t mean it only helps in the compliance and management of FMLA. It also helps in all other states, federal, and company leave compliance management.
    Once you start using FMLA manager for your employee’s absence tracking, you can also utilize free and unlimited access to J.J Keller’s subject matter experts to ask hundreds of questions per week.

    Pros:

    • Prevent heavy penalties for non-compliance
    • Expertise in this field
    • Access to ask questions with experts
    • Comprehensive reporting of leave

    Cons:

    • Price is not disclosed
    • Not modern user interface

    Pricing

    • Free trial (Price is not disclosed)

    LeaveSource

    Rating 4.8/5
    Best For All types of FMLA Management

    LeaveSource is a leave management software by Qcera that has been engaged in providing leave and compliance-related services since the year 2000. LeaveSource Enterprise and LeaveSourve Entrust are the two products offered by Qcera to fulfil the demand of different size companies.

    Both products are loaded with amazing features to tackle leave and compliance, but LeaveSource Enterprise is best suited for bigger enterprises having a workforce of more than 1000 employees. Still, you can compare the features and choose the best one. There is a long list of federal, state, and municipal leave that you can manage using LeaveSource, so forget the headache of administering any kind of leave.

    Pros:

    • SOC2 Type II + HiTrust Certified Audit Approved FMLA SaaS Provider
    • Training to use the software effectively within 24 hours of inquiry
    • Update its software with any update in the Act
    • An extensive list of leaves to manage

    Cons:

    • Price is not disclosed

    Pricing:

    Request a demo (price is not disclosed)

    Zoho People

    Rating 4.4/5
    Best For Human Resource Management

    Zoho is a well-known name in the field of software solutions, the list of software is extensive, and one of them is Zoho People. Trusted by more than 4000 businesses worldwide including Zomato, Mcdonald, IIFL, and Spice jet, this software is best suited for managing time off, performance, and many more things.

    FMLA leave management is one of the features of Zoho people that comes under leave tracking and management. It is not limited to providing leave-tracking features but has included other features like attendance management, performance, onboarding, and timesheet. Since Zoho is an industry-leading software solution provider and working in this field for the last 20 years, we can confidently rely on the software for leave management including FMLA tracking.

    Pros:

    • Compliance with global security and privacy law like GDPR
    • 2-factor authentication for an additional layer of security
    • Protect any imported or exported database with a password
    • Access control to provide access to the software based on the role

    Cons:

    • Limited functionality for FMLA management
    • The Mobile version is glitchy

    Pricing:

    • Essential HR: Rs48/user/month
    • Professional: Rs96/user/month
    • Premium: Rs144/user/month
    • Enterprise: Rs192/user/month
    • People Plus: Rs350/user/month

    GoCo

    Rating 4.7/5
    Best For Small and Medium enterprise

    GoCo is software equipped with amazing leave-tracking features including FMLA to make the manual, complex, and painful task of HR easier. It is featured as a number 1 platform in Forbes, Huffington Post, and Entrepreneur Magazine and rated #1 on the G2 crowd in customer satisfaction. With its amazing UI/UX you never feel bored while performing any task on this software.

    Everything is aligned in a perfect manner so that you never have to wander here and there. FMLA management has never been so easy and efficient, using this software you are empowered with some amazing features to track your FMLA compliance. Since its inception in 2015, it has created a soft corner in the heart of HR managers because of the core values they follow, that is Transparency, Integrity, collaboration, Evolve, Give First, and Grit.

    Pros:

    • Automatic overtime calculation
    • Automatic holiday pay
    • Track PTO and sync with the timesheet
    • Advanced user-friendly interface

    Cons:

    • No free-trail available

    Pricing

    • The plan starts at $5/employee/month and you need to get custom quotes from the company.

    GreytHR

    Rating 4.4/5
    Best For Human Resource Management

    GreytHR is providing its software services in the HR domain for the last 25 years and has served more than 15000 brands and 1.5 million users. The leave management system of GreytHR empowers your HR manager to track all the leave applications, and check eligibility, and all compliance.

    Loaded with all the features of major state compliances including FMLA, this software helps in accounting for the leave and determining eligibility. Make the process of providing leave transparent to the employee by leveraging the feature of the employee’s self-service. It not only reduces the workload but also boosts productivity through automation. Companies like WeWork, Rapido, Instamojo, and impact guru are already using this tool to make the process of leave tracking seamless.

    Pros:

    • One-click leave year-end processing
    • 50+ configurable parameters
    • Unlimited leave type and leave the transaction
    • Role-based access control
    • Statutory compliance

    Cons:

    • Payment of subscription on a monthly basis
    • No additional modules

    Pricing

    • Starter: 0
    • Welter: Rs1495/month
    • Super: Rs2495/month
    • Cruiser: Rs4995/month

    TimeOut by CWS Software

    Rating 4.6/5
    Best For Small Business

    TimeOut is an absence management software introduced by CWS Software that ensures accurate leave tracking and managing day-to-day compliance including FMLA compliance. The most fascinating feature of this software is that you can easily configure the state policy of any country so that you never miss any important compliance.

    The employee self-service feature empowers the employee to view the current balances of their leave and can easily request the leave. Email notification reminds your manager of your leave application and the manager will do the rest of the work.

    Pros:

    • Integration with Google calendar, outlook, and Apple iCal
    • Country-specific policy to ensure compliance
    • IOS and Android mobile app
    • The demo is available for trial
    • Global availability

    Cons:

    • Bad UI/UX
    • Only one add-on

    Pricing:

    $3/user/month

    Timetastic

    Rating 4.6/5
    Best For Staff Leave Planner

    Timestatic is founded by two young minds Gary and Matt who started their journey to build this interactive and affordable software in 2014. Frustrated from managing the leaves on a complex spreadsheet, they made Timetastic which revolutionize leave management.

    You are going to fall in love with this software because of its innovative design and features. Give all your employee a personal calendar provided by Timestactic that gives a clear picture of their leaves. Now your employee can easily plan for future leave and get insight into past ones.
    The powerful wall calendar gives you a clear insight into who is on leave and when so that you can manage your work accordingly.

    Pros:

    • Modern and easy-to-use UI
    • Affordable price
    • The mobile app is also available
    • Calendar management
    • Approval process control

    Cons:

    • Limited features
    • Can’t edit the request once submitted

    Pricing:

    €1/user/month

    Replicon

    Rating 4.3/5
    Best For All types of business for yearly tracking

    Replicon is a cloud-based software solution provider that provides software solutions to simplify the cumbersome task of HR. The project time-tracking product suite of Replicon contains a feature called Time-Off, that helps to manage employee leaves while maintaining state and federal compliance.

    Configure the approval process policies for any requested leave application based on the need of your business. This tool is pre-loaded with advanced leave management features and also provides seamless integration with numerous other software like Salesforce, Zendesk, Oracle, Sage, BambooHR, and much more.

    Pros:

    • Advanced analytics and flexible reporting
    • Built-in configurable time intelligent platform
    • Team Calendar
    • Employee self-service portal
    • Alerts and notification

    Cons:

    • Difficult to figure out administrative features
    • Not free plan

    Pricing:

    $12/month

    Leaveboard

    Rating 4.4/5
    Best For Small and Medium scale enterprises

    Leaveboard is a leave management software that focuses on Small and medium businesses with an employee strength of 5 to 250. This cloud-based software helps to manage the most valuable resource of your company, which is your employees.

    Leverage the benefits of this software and ensure that employees do not take leave at the same time. Also, avoid huge penalties and fines for non-compliance with federal and state laws related to the leave of an employee.
    Enjoy all the common features of leave management software in addition to some advanced features like a chatbot and calendar feeds.

    Pros:

    • Availability of mobile app
    • Centralized leave report
    • Employee self-service portal
    • Google/Outlook calendar integration
    • Smart HR process automation

    Cons:

    • Old and unattractive user interface
    • Mobile app lags sometimes

    Pricing:

    • Free: 0
    • Pro: $1.35/employee/month
    • Enterprise: Request a demo

    AbsenceSoft

    Rating 4.5/5
    Best For FMLA, Disability and ADA type of absence

    AbsenceSoft is an all-in-one leave and accommodation software that significantly reduces the cost of administration. It takes care of all your paperwork related to FMLA compliance and other state policies of leave.

    Since the law can change from time to time, it updates its software with changing policies of state and federal so that you never fall prey to non-compliance. You can also configure the software with your internal policies to ensure timely compliance. Authorize your employees to ask for leave using this software and monitor the status in real-time.
    It helps to check the eligibility for the leave, taking state, federal, and company-specific policies into perspective.

    Pros:

    • Leave eligibility calculator
    • Activity tracking
    • Built-in compliance expertise
    • Employee self-service portal
    • Instant access to FMLA and ADA files

    Cons:

    • Price is not disclosed
    • The mobile app is not available

    Pricing:

    Contact the sales team for a pricing quote

    Conclusion

    Employees are the most important asset in your company that you need to take care of. Since you use your employee time to maintain the consistent growth of your business, it becomes important for accurate accounting of leaves.‌‌

    It becomes more essential because at the same time you need to take care of state and federal compliance like FMLA. To prevent your organization from huge penalties and fines for non-compliance with FMLA, you must choose the appropriate software from the above list.

    FAQs

    What is the best way to Track FMLA?

    It can be tracked by recording the employee’s work schedule and subtracting from it the number of hours they took for FMLA leave. If the employee was scheduled to work 7 hours and only worked 3 hours, then 4 hours of FMLA leave can be counted.

    What are the Best FMLA Tracking Software?

    ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌The following are the best  FMLA tracking software

    • FMLA Manager
    • LeaveSource
    • Zoho People
    • Goco
    • GreytHr
    • TimeOut by CWS Software
    • Timetsatic
    • Replicon
    • Leaveboard
    • AbsenceSoft

    How to choose a leave management system?

    Before choosing the best leave management system, do consider the following

    • Powerful Automation
    • Cloud-Based Application
    • ConfiguraleFields
    • All-in-one Dashboard
    • Seamless Integration
    • Easy to generate reports

    What are the steps to Calculate the FMLA Rolling Year Method?

    There are four steps to calculating FMLA rolling

    • Determine FMLA Time Needed
    • Determine FMLA Time Previously Taken
    • Determine FMLA Time Left in a 12-Month Period
    • Determine the Total FMLA Time Available for This Request

  • Kovai.co – Multi-Product Enterprise SAAS Startup for All Business Needs

    The effects of global pandemic has significant impact on several industries including the technology and software sector. But, it did not slow down growth in the software sector. The growth of enterprise software and SAAS products has been quite good. The expenditure of Information Technology on enterprise software is estimated to reach 672 billion USD in 2022. The Enterprise Software Market is forecast to reach $545m by 2025. SaaS products and enterprise software have become essential in a cutthroat business environment. They provide accessibility, functionality, scalability, and versatility to businesses. Kovai.co is a multi-product company that has a global reach in more than 70 countries. Read to know about Kovai.co products, founders, business model, marketing, and the complete journey of its growth.

    Kovai.co – Company Highlights

    Startup Name Kovai.co
    Headquarters London
    Industry Enterprise Software & SaaS
    Founder Saravana Kumar
    Founded 2011
    Website kovai.co

    Kovai.co – About
    Kovai.co – Founder and Team
    Kovai.co – The Idea and Startup Story
    Kovai.co – Name, Tagline, and Logo
    Kovai.co – Products
    Kovai.co – Business Model and Revenue Model
    Kovai.co – Customer Acquisition
    Kovai.co – Challenges Faced
    Kovai.co – Marketing
    Kovai.co – Growth
    Kovai.co – Acquisitions
    Kovai.co – Competitors
    Kovai.co – Tools Used to Run The Startups
    Kovai.co – Recognition and Achievements

    Kovai.co – About

    Kovai.co is a bootstrapped & profitable multi-product enterprise SaaS company specializing in enterprise integration and knowledge management space based out of Coimbatore, India and London, UK. Kovai.co is a technology partner of choice for many of the world’s leading enterprises to manage and monitor their Microsoft BizTalk and Azure Serverless environments. Kovai.co’s product team consists of thinkers and innovators who are re-defining the way robust Enterprise Software and SaaS products are built.

    Their mission is to create a successful global technology product company out of their home city – Coimbatore. Their vision is to be a SaaS Unicorn within 2030.

    The core value of the company is #TogetherWeGrow. They identify necessities and create opportunities. Enjoy their growth in all aspects and continue the journey to scale.

    Kovai.co – Founder and Team

    Saravana Kumar is the sole founder of Kovai.co ably supported by a leadership team of experts from various domains. The current team size is 240+. They coach and empower people thereby enhancing their performance. They are against command and control. All their leaders are friendly and approachable. They believe in doing the tasks first, get mature, then delegating, and elevate.

    Kovai.co has its offices in London, UK and Coimbatore, India. Saravana Kumar is born and brought up in Coimbatore. He chose to give back to his hometown through his contributions on economic and skills upliftment. Kovai.co under his dynamic leadership has grown organically from a single product to multi product company with over 240 employees majority of them based out of Coimbatore. The company is bootstrapped and has crossed $10 MN ARR in 2020.

    Kovai.co gives opportunities to freshers and expats who wish to come back closer to their hometown. For freshers there is a Kovai.co Connect initiative where in students from different educational institutions are hired as interns and given in-depth classroom & on the job training for a period of 6 months after which they are taken on rolls as full-time employees. Over the last two years the company has trained nearly 100 students under this initiative.

    Kovai.co – The Idea and Startup Story

    Saravana Kumar, Founder & CEO, Kovai.co was a Microsoft BizTalk Server Consultant for 10 years and during that time of building solutions for all their clients, he noticed there were some gaps in the BizTalk Server. He started off by building a solution to fill these gaps more as a passion in the year 2010. He presented the first version of the product to his peers at the MVP conference in the US and received very positive feedback. With the kind of positive feedback, he realized the importance of this solution in the commercial sense and decided to launch as a business. Within the first 2 months he was able to get his first customer all the way from Hongkong with whom he did not have any prior connection. Within the first three years of the launch, he was able to get about 150 customers and hence decided to go into the business full time & hire a team. Until the first three years he was running the company with a small 4-member team from the living room of his residence.

    As the product started to grow both technically and commercially, he built & launched their second product Serverless 360 for managing the Azure platform in the year 2016.

    Sometime in the year 2017 when the team was looking for a knowledge base solution to write and organize all their technical product documentation, they realized that there was not any suitable solution in the market to fit their needs and the ones that were there was very expensive. Thus, Saravana brainstormed with the team and decided to build a solution to solve this business problem there by launching their knowledge base solution Document360 in the year 2018.

    Document360 is a knowledge base platform that is engineered for growing companies. It helps companies to instantly create an online self-service knowledge base for their customers or employees accessed either publicly or privately.

    When the company was growing organically and the opportunity came to set up an engineering & marketing development center in India, back in 2013, Saravana ignored all the counsel from his peers to set up the facility in Bengaluru, Chennai or Hyderabad and started the office in Coimbatore.

    The town Coimbatore was called Kovanputhur (pre independence days) with a shorter version called Kovai. The use of the word Kovai for Coimbatore is still in existence, and it has an emotional attachment to people of Coimbatore.

    Hence when Saravana started the company, he registered the company name as “Kovai Limited” in the UK (in 2009) and “Kovai Systems India Pvt Limited” in India (in 2013). Even though the registered names were Kovai, the company was known as BizTalk360 (the first product) for a long time.

    When the company was going through the re-branding exercise after evolving into a multi-product company, they decided to bring Kovai as the prominent brand name.

    In 2018, they called the company Kovai.co.

    In 2020, with continuous persistence, they managed to acquire the domain Kovai.com owned by its previous owner for nearly 20 years.

    Their mission is to create a successful global technology product company out of their home city – Coimbatore.”

    Kovai.co – Products

    Kovai.co is a multi-product company with 4 different products and over 2000 customers spread across globally in more than 70 countries.

    BizTalk360

    BizTalk360 bundles over 50+ features into one single solution to make BizTalk server monitoring and administration super-efficient and secure. BizTalk360 provides everything enterprises need for BizTalk operations, monitoring, analytics, and more. Operations dashboards, widgets, advanced event viewer, data monitoring dashboards, notification channels, and throttling analyser and new relic integration are some of the features of BizTalk360.

    Serverless360

    Serverless360 is a portal focused on Operations and Support for Microsoft Azure Serverless resources, a Complementary tool to Azure portal in supporting Azure Serverless Application. Enterprises can better manager their business applications through Serverless360 and do end to end tracking on the message flowing through the Serverless Resources, and more.

    Document360

    Document360 is a Knowledge Base platform, engineered for growing companies. Businesses can instantly create an online Self-service knowledge base for your customer & employees (accessed either publicly or privately).

    Cerebrata

    Cerebrata Cerulean provides out of box support for a number of commonly used Azure services. It also provides deep integration with Azure Portal and Azure Cloud Shell to manage other Azure services.

    Kovai.co – Business Model and Revenue Model

    The business model of Kovai.co differs for each of their products based on its respective target audience. For instance any company with BizTalk server are their potential targets.

    For Serverless360, that target is vast – Anyone with Azure resources in their integration platform, can use this application.

    For Document360, this is also a vast adoption platform and basically anyone who needs documentation in SaaS or in On premise model is their target audience.

    Kovai.co – Customer Acquisition

    The first activity they undertook once they got a prototype of the product was to reach out to all their connections (experts from technical writing community, CXOs of companies etc) requesting them to try out the product and share their valuable feedback. The feedback received were evaluated, prioritized, and then passed on to the engineering team for development. Their marketing teams had begun writing blogs on showcasing the use cases of the product thereby generating prospective leads from readers. The sales team would then showcase demos of the product to these prospects and encourage them to take a trial of the product so that they can use it firsthand to understand the value it creates. They were frugal in their approach as they did not want to spend too much money and resources until the first 100 customers were acquired.

    Kovai.co – Challenges Faced

    In any business typically challenges are with people, like core people leaving at wrong times, wrong hires, people you trusted leave and they take away a few of your core members etc. These challenges will continue to remain and it’s the passion the founder has for building products and solving business user problems that drives the startup forward. Its also has the ability to impact so many people’s lives and create something big in the community, especially in Coimbatore which is a tier two city & the founders’ hometown. Moreover, challenges are never permanent. Any adversity that comes your way will subside over time. They have lost some crucial members at critical moments, but if they look back, it’s a short-term pain. There will be struggle for a while but eventually things will turnaround.

    Kovai.co – Marketing

    Content marketing has been the most successful marketing campaign. They write some high quality blogs focusing on multiple use cases of their product and enable their audience to clearly understand the value they will get out of the Kovai.co products.

    Kovai.co – Growth

    The last two years (2020 & 2021) has been a moment of many milestones for us.

    • Kovai.co hired over 175 people during this period
    • They made the first acquisition with Cerebrata in 2020
    • They crossed $10M in ARR in 2020
    • Document360 acquired over 500 customers in a year
    • In 2021 they have focussed on growing their products to the next level in terms of new features, enhancements, acquiring new customers, etc. They also put together a separate team & started working on a new product which will be launched in Q2 of 2022.

    Their medium-term plan is to generate a $30M ARR within the next 3 years and their long-term plan is to be a SaaS Unicorn by 2030.

    Kovai.co – Acquisitions

    Kovai.co acquired Cerebrata in the year 2020.

    Kovai.co – Competitors

    Their enterprise products BizTalk360 & Serverless360 do not really have any prominent competitors.

    The competitors for Document360 are:

    • Bloomfire
    • Helpjuice
    • ProProfs Knowledge base
    • Confluence
    • Help Scout
    • Help Docs

    Kovai.co – Tools Used to Run The Startups

    Microsoft OneNote captures all my to-do lists, ideas, notes, etc. It is a flexible tool – to manage my day-to-day tasks efficiently. Microsoft teams for communication and collaboration within teams. It is one of the powerful tools that helped us get going during the pandemic. Their integration with third-party collaboration tools makes them a very robust tool.

    The team uses Adobe Photoshop extensively for designing dashboards and elements. It is their go-to design tool for image creation and graphic design. Microsoft Azure DevOps practices and tools provide support in building and deploying applications. It offers reliable support during each development lifecycle.

    Kovai.co – Recognition and Achievements

    Kovai.co has won the following awards in the last two years

    1. Bootstrapped SaaS Startup of the year 2021 by SaaSBoomi – a community of SaaS Founders in India
    2. Bootstrap Champ 2021 Award by The Economic Times Startup Awards
    3. Document360 recognized under the SaaS Category as part of Nasscom Emerge 50 Awards.

    FAQs

    What type of company is Kovai.co?

    Kovai.co is an Enterprise Software & SaaS products company.

    Who is the founder of Kovai.co?

    Saravana Kumar is the founder of Kovai.co.

    When was Kovai.co founded?

    Kovai.co was founded in 2011.

    What are the products of Kovai.co?

    Kovai.co has four different products. These are:

    • BizTalk360
    • Serverless360
    • Document360
    • Cerebrata

  • Appknox – Enterprise Mobile Application Security to Help You Secure Your Business

    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 Appknox.

    Post-covid, the global mobile application market size is growing at a high pace. With the growth of applications, their security concerns have also become high. Regular threat assessments are needed to determine the best approaches to protecting a business against different threats. Appknox offers plug & play mobile app security solution to protect business.

    Appknox is a cyber-security platform that helps business with its testing solutions to protect their data and their customer’s data from threats. It has been listed in Gartner’s list of top mobile app security testing solutions.

    Appknox – Company Highlights

    Startup Name Appknox
    Headquarters Bangalore
    Industry Application Security/ Cyber Security
    Founder Harshit Agarwal and Subho Halder
    Founded 2014
    Total Funding Raised $650K
    Website appknox.com

    Appknox – About
    Appknox – Industry
    Appknox – Founders and Team
    Appknox – The Idea and Startup Story
    Appknox – Name, Tagline, and Logo
    Appknox – Products and Services
    Appknox – Business Model and Revenue Model
    Appknox – Customer Acquisition
    Appknox – Challenges Faced
    Appknox – Growth
    Appknox – Funding
    Appknox – Advisors and Mentors
    Appknox – Competitors
    Appknox – Tools Used in The Company
    Appknox – Future Plans

    Appknox – About

    Appknox is a Bangalore-based mobile application security platform. It was founded in 2014 to provide mobile application security. They provide innovative security solutions for securing businesses and consumers on a global scale. Several enterprises, developers, and researchers use their security testing solutions to detect threats.

    Appknox – Industry

    The Mobile App Industry has seen exponential growth amongst millions of consumers who are adopting mobile technology to stay connected. As new technology and innovation are getting advanced, the requirement for security is more critical. Technology is evolving successively, neither traditional nor current methods of security surveillance cut the threats it is coming up with. The future of mobile app security industry calls for forward-thinking in order to be able to combat the innovatively designed attacks on businesses and financial institutions.

    The post-COVID 19 global application security market size is expected to grow from USD 6.2 billion in 2020 to USD 13.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period.

    Appknox – Founders and Team

    Harshit Agarwal and Subho Halder, Co-Founders, Appknox
    Harshit Agarwal and Subho Halder, Co-Founders, Appknox

    Harshit Agarwal and Subho Halder are Co-founders of Appknox.

    Harshit and Subho have been friends since 2008. They were in the same college. Subho, and three other buddies formed their Counter-Strike Clan during the first month of school. They shared rooms after graduation. Harshit worked at a startup while Subho worked at TCS and was a cybersecurity enthusiast. He used to conduct a lot of mobile app security training.

    Harshit Agarwal - Appknox Co-founder
    Harshit Agarwal – Appknox Co-founder

    Appknox – The Idea and Startup Story

    Around 2013 December, Harshit and Subho, both started having conversations about starting their own startup. The reason for it being a massive attraction which was developing on the mobile app front, they wanted to exclusively focus on the mobile security side. They started working on the idea and were accepted at JFDI in Singapore for their incubation program. That’s when they were officially into working on Appknox full time as their start up.

    Around 2014, they could see a trend where Mobile would have become the primary way of consuming internet services. A lot of companies were expanding on the growth of the mobile side and Appknox was going mobile-first. With that, businesses would be worried about their applications’ security and founders wanted to solve this for enterprises and businesses. They launched their product in 2016 aiming to keep these businesses’ applications secured.

    The Importance of Cyber Security Software for companies
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    Appknox Logo
    Appknox Logo

    Appknox was started initially with the name XyScan. Eventually, it was becoming hard to create the brand with it and founders were exploring to rename. They were selected for JFDI, Singapore an incubator and one of the startup Co-Founder helped them with name. It resonated with Fort Knox.

    Their Tagline – “Proactive Always” was from the marketing team and the logo was built by a Fiverr designer.

    Appknox – Products and Services

    Appknox is a leading mobile app security platform, assisting businesses and organisations in securing their mobile apps.

    Appknox uses a System + Human strategy to assist organisations secure the security of their mobile applications. They are solving the biggest problem of businesses and enterprises for their apps security.

    Using Appknox automated SAST, True DAST, and API level testing, companies can execute an initial level of security test on a mobile application in under 90 minutes.

    They can then enlist the help of mobile security professionals to run manual business logical checks on the app.

    Appknox – Business Model and Revenue Model

    Appknox is a SAAS product where businesses use the Appknox platform for continuous security testing. Appknox business model is pay as you use and unlimited scans using Appknox platform. Appknox also offers enterprise friendly on-premise services.

    Appknox works with a lot of channel partners in LATAM, GCC and SEA. They enable their channel partners with pre-sales and post-sales support.

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    Appknox – Customer Acquisition

    The initial launch of Appknox was a closed Beta that they launched for their first beta users. They had a few of the companies like PayTM, Freecharge, and a few other internet services companies that they had onboarded as their first 10 customers. They used to get connected with them through Tech events and LinkedIn in earlier days. Their first 50 customers were all outbound and that led us to a few media coverages. They detected an issue in Ola in 2016 and spoke about it. This further helped us in getting a few inbounds as well. As they grew from 50 to 100, they strategized their focus from enterprises and Banks.

    Appknox – Challenges Faced

    They started working with a lot of Internet companies in earlier days and it seemed to be working at the start. Bit the issue they faced was that these were themselves growing companies and required VAPT for probably once a year while they figure other growth parameters. That was not the ICP they could grow a lot as ACV is not very high and also a high level of attrition as a lot of those companies ended up shutting down so was building a leaky funnel for us where CAC is high and LTV is low. They moved to enterprises to cover this and that lead to very little churn for us and eventually, growth started showing.

    Appknox – Growth

    Appknox operates out of Singapore and India. They are a profitable business growing at 2X YOY. Appknox has major clients in SEA, GCC, LATAM and India. They have channel partners which are majorly MSSPs who offer Cybersecurity services over and above Appknox Platform. Appknox has helped 500+ Businesses to secure their mobile application.

    They are looking at building their product expertise by making mobile app security a seamless process. They are looking at growing in the US, Europe, and other regions.

    Appknox – Funding

    Appknox has raised a funding of $650 K in 2015 from Jungle Ventures.

    Date Stage Amount Investors
    2015 Seed Round $650 K Jungle Ventures

    Appknox – Advisors and Mentors

    Key people who advises Appknox team are:

    • Tiang Lim Foo – Venture partner, Next Billion Ventures
    • Priyam Bose – Global Head -Developer Products, Truecaller
    • Prasanna Krishnamoorthy – Partner, Upekkha Catalyst
    • Thiyagarajan Maruthavanan (Rajan) – Partner, Upekkha Catalyst
    • Sekhar Nair – Partner, Upekkha Catalyst

    Appknox – Competitors

    Some of the top competitors of Appknox are:

    • Datatherom
    • Nowsecure
    • Appdome
    • Redhunt

    Appknox – Tools Used in The Company

    Tools they use to run their startups are:

    • Slack
    • Pendo
    • Adroll
    • Fitbots
    • Superbeing

    Appknox – Future Plans

    Appknox is working for the release of a security dashboard that will help security researchers performing manual testing on mobile applications to use Appknox SAST/DAST and API Scan results to speed up the entire testing process. Along with it, Auto fuzzing for DAST and CI/CD are two other features that they are enhancing to smoothen up the entire security testing process.

    FAQs

    When was Appknox founded?

    Appknox was founded in 2014 at Bangalore.

    Who is the founder of Appknox?

    Harshit Agarwal and Subho Halder are co-founders of Appknox.

    Who are the competitors of Appknox?

    Some of the top competitors of Appknox are:

    • Datatherom
    • Nowsecure
    • Appdome
    • Redhunt

  • BrowserStack – Success Story of The World’s Best Cloud Based Testing Platform

    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 BrowserStack.

    Every aspect of human life, in one way or the other, is affected by Apps and Websites. They’ve become an integral part of our day-to-day life. As a result, the growth of the App and Website industry is reaching new heights every year. With the creation of the first website in August 1991, the industry has gone through massive growth. There are approximately 1.88 Billion Websites and 5.2 Million Apps on Google Play and the Apple store, as of September 2021. Around 2,50,000 websites and 3500 apps are born daily.

    Apart from developing apps and websites, the developers have another crucial role to play. To reach a wider audience, they have to ensure that their software functions effectively on various platforms, browsers and devices. Assuring the quality requires the software to be tested on each and every platform, which is a time-consuming and unachievable process for developers. This is where BrowserStack comes into play.

    BrowserStack helps the developers to test their apps and websites on multiple devices, browsers, and OS to ensure their functionality. It is an Indian Company established in 2011. BrowserStack’s customers include Microsoft, Twitter, Expedia and many more. It has turned out to be the leading software testing platform in the world.

    BrowserStack – Highlights

    Company Name BrowserStack
    Headquarters Mumbai, India
    Sector Enterprise Software, Web Development
    Founder Ritesh Arora, Nakul Aggarwal
    Founded 2011
    Valuation $4 Billion
    Total Funding Raised $250 Million
    Website BrowserStack.com

    BrowserStack – About
    BrowserStack – Latest News
    BrowserStack – Founders
    BrowserStack – Startup Story
    BrowserStack – Mission and Vision
    BrowserStack – Business Model
    BrowserStack – Revenue Model
    BrowserStack – Products and Services
    BrowserStack – Funding and Investors
    BrowserStack – Acquisitions
    BrowserStack – Growth
    BrowserStack – Partnership
    BrowserStack – Awards and Achievements
    BrowserStack – Competitors
    BrowserStack – Future Plans
    BrowserStack – FAQs

    Success story of BrowserStack by Ritesh Arora – Co-founder of BrowserStack

    BrowserStack – About

    BrowserStack is a SaaS platform that provides cloud-based mobile and web testing services. It helps the developers to deliver a quality service by testing their software on numerous devices, operating systems, and browsers. The company holds five primary products to test software for Quality Assurance (QA) namely, Live, Automate, and Percy for testing websites, App Live and App Automate for testing mobile apps.

    BrowserStack is a Mumbai-based company founded by Ritesh Arora and Nakul Aggarwal in 2011. The company has its global offices in Mumbai, Dublin, San Francisco, and New York. With more than 25,000 paid customers and 750 employees across the world, BrowserStack became a Unicorn valued at $4 billion in 2021. The company swanks itself as the world’s leading software testing platform.

    BrowserStack – Latest News

    September 28, 2021 – $50 Million worth of Employee Stock Ownership Plans (ESOP) was bought back from its employees by BrowserStack for the second time. This Buy-back exercise was carried out to help employees financially and more than 100 employees participated in it.

    August 10, 2021 – Forbes 2021 Cloud 100 named BrowserStack to its list of top 100 private cloud companies in the world. The judging panel for this ranking consisted of 34 CEOs from public cloud companies.

    BrowserStack – Founders

    Ritesh Arora and Nakul Aggarwal - BrowserStack Founders
    Ritesh Arora and Nakul Aggarwal – BrowserStack Founders

    Ritesh Arora and Nakul Aggarwal are the co-founders of BrowserStack. Ritesh Arora also serves as the CEO and Nakul Aggarwal as the CTO (Chief Technology Officer) of the company. They are ‘Serial Entrepreneurs’ who co-founded QuarkRank, QuarkBase, and Downcase (all were tech companies) before BrowserStack. Arora and Aggarwal, both were good friends and graduates in Computer Science from IIT Bombay.

    BrowserStack – Startup Story

    BrowserStack Logo
    BrowserStack Logo

    BrowserStack was created as a result of difficulties faced by the founders while creating Downcase, a cloud computing and consulting company. The founders faced an inability to run the test for their newly built website across various browsers and devices. The lack of resources got them frustrated. This forced Arora and Aggarwal to build a testing platform on their own, which resulted in BrowserStack.

    Ritesh Arora and Nakul Aggarwal founded BrowserStack in 2011 at a coffee shop in Mumbai. Today, 10 years later, the company is valued at $4 Billion and provides its service in more than 135 countries.

    BrowserStack – Mission and Vision

    “To empower developers to build amazing experiences” is the mission with which BrowserStack is functioning. The company wanted to build easy, quick and quality software testing tools. This in turn ensures Developers and Quality Assurance teams offer a flawless experience to billions of users. BrowserStack is also sticking towards its vision of “Becoming the testing Infrastructure of the Internet”. With the growing customers and services, the company has already started leading the software testing industry.

    BrowserStack – Business Model

    BrowserStack provides a cloud platform that offers cross-browser testing services to its users. Web/App designers and developers can use the platform to assess the quality and functionality of their software.

    BrowserStack runs the software through multiple combinations of devices and browsers to test for bugs if any, that cause malfunctions or glitches. They have 5 products for the users to choose from to perform the testing. BrowserStack ensures that the developers deliver a web/app, which gives a seamless experience to the end-users.

    BrowserStack – Revenue Model

    BrowserStack generates revenue through its subscription plans. The company also additionally made ₹44 Lakhs through interests and ₹77 lakhs through foreign exchange fluctuations in the financial year 2020.

    The five products offered by BrowserStack have a separate pricing plan for each of them. But all the products come at a discount of 25% if purchased annually. There’s also a free trial available for users with limited features. Here are its plans and prices:

    Live

    • Desktop – $39/month
    • Desktop & Mobile – $49/month
    • Team – $150/month (5 users)
    • Enterprise Team – Custom

    Automate

    • Desktop – $169/month
    • Desktop & Mobile – $249/month
    • Enterprise – Custom

    App Live

    • Individual – $39/month
    • Team – $30/month
    • Enterprise Team – Custom

    App Automate

    • App Automate – $249/month
    • Enterprise – Custom

    Percy

    • Free – $0/month
    • Professional – $129/month
    • Enterprise – Custom

    BrowserStack – Products and Services

    BrowserStack performs testing of apps and websites through five primary tools. Here are their brief descriptions:

    Live – It helps test cross browsers on mobiles and desktops. Any bugs detected can be eradicated in real-time using their pre-installed developer tools. ‘Live’ helps you to test in more than 3000 desktop browsers.

    Automate – Automate helps to run tests quickly and parallelly in both cloud devices and real browsers. Scaling can be done using a Selenium grid which gives flexibility, and at the same time, maintains the stability of your tests.

    Percy – Percy looks for visual bugs and performs tests that give a pixel-perfect user interface (UI). The Visual Testing can be automated and the running of tests is done real-quick in Percy.

    App Live – This is an exclusive cloud tool for Android and iOS devices. Similar to ‘Live’, App Live also comes with real-time debugging and running tests on development environments. You can also scroll, swipe and interact using many hand gestures while testing, just like you would do in any mobile.

    App Automate – App Automate allows you to run tests simultaneously on thousands of devices. This reduces the time for testing and helps to identify and fix the bugs swiftly. It also makes the integration with BrowserStack easy.

    BrowserStack – Funding and Investors

    Three Investors invested a sum of $250 Million in BrowserStack through 2 rounds. The 2nd round of funding made BrowserStack a Unicorn Company valued at $4 Billion. It was the 15th company in India to become a Unicorn in 2021.

    Date Funding Round Amount Investors Name
    June 16, 2021 Series B $200 Million Bond, Accel and Insight Partners
    January 30, 2018 Series A $50 Million Accel

    BrowserStack – Acquisitions

    BrowserStack Acquisition
    BrowserStack Acquisition

    BrowserStack acquired Percy, a visual review and testing platform based in San Francisco, on 9th July 2020 for an undisclosed price. This was the only acquisition made by BrowserStack so far.

    BrowserStack – Growth

    Born out of a coffee shop in Mumbai in 2011, BrowserStack has achieved a humongous growth in a decade. Profits started flowing in right from day 1 and the founders managed to run BrowserStack without any fundings. It took nearly 7 years for the company to reach a revenue of $20 Million whereas, it surpassed $100 Million in the next couple of years.

    The first milestone for 1000 paid customers was achieved within 6 months of commencing business. They slowly started enhancing their service by adding tools like ‘Automate’ and partnering with Microsoft. The mobile testing service for Android and iOS was launched in 2015. By 2016, BrowserStack started expanding its business by establishing offices in San Francisco and Dublin. The company also had constructed 15 Global Data Centres so far, widening its operational reach around the world.

    BrowserStack – Partnership

    Zuci Systems

    BrowserStack, has partnered with Zuci Systems, a digital consulting and solutions company, in a strategic alliance on August 8,2023.

    BrowserStack – Awards and Achievements

    BrowserStack was named twice as one of the top 100 private cloud companies by Forbes. Here are some of the BrowserStack achhievements:

    • Forbes 2018 Cloud 100 and Forbes 2021 Cloud 100 included BrowserStack in their definitive list.
    • Economic Times Startup Awards recognized BrowserStack as the Bootstrap Champ in the year 2015.
    • G2 has recognized BrowserStack as the Leader in the Test Automation Software category for the year 2021.
    • LinkedIn has awarded BrowserStack as one of the 25 most attractive startups in India in 2018.

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    BrowserStack – Competitors

    BrowserStack Competitors
    BrowserStack Competitors

    BrowserStack has few competitors who are better in terms of stability, support, and meeting the needs of customers. Here are some of the top competitors of BrowserStack.

    • Sauce Labs
    • TestComplete
    • LambdaTest
    • Browserling
    • RobusTest

    BrowserStack – Future Plans

    BrowserStack is expected to double its employee count in the upcoming years. The company is also planning to increase its onboard global talent pool in the future. As the first step to it, BrowserStack transformed itself into a Remote-First company on September 14, 2021. This eliminates geographical limits and enables employees to work from any part of the world.

    BrowserStack – FAQs

    What is BrowserStack?

    BrowserStack is a SaaS platform that provides cloud-based mobile and web testing services for developers.

    Is BrowserStack an Indian Company?

    It is an Indian company with 4 global offices located in Mumbai, San Francisco, Dublin, and New York.

    Who are the founders of BrowserStack?

    Ritesh Arora and Nakul Aggarwal are the BrowserStack’s founders.

    In how many other countries does BrowserStack provides their service?

    BrowserStack is offering services in more than 135 countries with 15 global data centres.

    Who are the top Competitors of BrowserStack?

    Some of the top competitors of BrowserStack are:

    • Sauce Labs
    • TestComplete
    • LambdaTest
    • Browserling
    • RobusTest

  • FarEye – Making Logistics More Efficient, Predictive And Organized

    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 Fareye.

    For any business dealing with physical goods, logistics is an important segment to take care of. Today we are featuring FarEye, a SaaS startup that is helping business manage their logistics and supply chain easily and flawlessly. Founded by three Indian entrepreneurs, FarEye, is a global logistics SaaS startup that is simplifying logistics management for businesses and ensuring a great delivery experience for end customers. Here is more on the journey of the startup, its growth, and how it is disrupting the global logistics market.

    FarEye – Company Highlights

    Startup Name FarEye
    Legal Name RoboticWares Private Limited
    Headquarters Greater Chicago Area, Great Lakes, Midwestern US
    Industry Artificial Intelligence, Logistics, Delivery, Enterprise Software, Last Mile Transportation
    Founders Gaurav Srivastava, Gautam Kumar, and Kushal Nahata
    Founded 2013
    Current CEO Kushal Nahata
    Website www.getfareye.com

    FarEye – Latest News
    About FarEye and How it Works?
    FarEye – Name,Tagline and Logo
    FarEye – Founder and History
    FarEye – Mission and Vision
    FarEye – Business Model & Revenue Model
    FarEye – Revenue and Growth
    FarEye – Funding and Investors
    FarEye – Acquisitions
    FarEye – Competitors
    FarEye – Challenges Faced
    FarEye – Future Plans
    FarEye – FAQs

    FarEye – Latest News

    On July 2021, FarEye secured $100 M in a Series E round headed by TCV and Dragoneer Investment Group. FarEye’s previous investors, including Eight Roads Ventures, Fundamentum, and Honeywell, were also involved in the round. The new funding also includes a little debt refinancing, but the amount was not disclosed.

    The funds will be used to develop the company’s technology platform strengths, fuel expansion in Europe and North America, and investigate inorganic growth opportunities.

    About FarEye and How it Works?

    FarEye’s products include last-mile delivery routing software, logistics, and supply chain visibility software, and software to improve coordination between enterprises and logistics partners. FarEye’s cutting-edge logistics technology stack is making the delivery of goods a pleasant experience for everybody.

    The AI-powered feature of FarEye optimizes end-to-end delivery and makes recommendations based on data aggregation. It enables businesses to obtain insights, outperforms over the last loop, and satisfy the customers. FarEye’s goal is to drive autonomously, deliver with autonomous vehicles and drones using aggregated data and real-time feedback.  

    FarEye enables global businesses to reduce delivery times by up to 27%, enhance courier efficiency by allowing up to 15%, remove hazards by up to 57%, and maintain operational excellence. The FarEye Intelligent Delivery Management Platform can assist your organization in going live faster, implementing process improvements quickly, and keeping your delivery ecosystem adaptable. With end-to-end visibility throughout the delivery journey, the engine provides an excellent logistics customer experience.

    FarEye is a software platform that helps firms plan, track and optimize their logistics operations. If you order a pizza from Domino’s, the restaurant will use FarEye’s services, which is integrated into its database, to swiftly advise the client how long they will have to wait for their meal.

    FarEye – Name, Tagline and Logo

    In a world that is becoming increasingly borderless, supply chain management is more vital than it has ever been. To achieve performance and accuracy, operations would require timely coordination, insight, and control. FarEye lets businesses keep an eye on and control their logistics and supply chain remotely and easily, which possibly inspired the name ‘FarEye’.

    FarEye's Company Logo
    FarEye’s Company Logo

    FarEye’s tagline says, “Improving Logistics Collaboration And Driving Supply Chain Excellence.” Another tagline used in the company’s website is, ‘ Making Deliveries Better for Everyone’

    FarEye – Founder and History

    FarEye was founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava in 2013.

    Founders of FarEye - Kushal Nahata, Gautam Kumar, and Gaurav Srivastava
    Founders of FarEye – Kushal Nahata, Gautam Kumar, and Gaurav Srivastava

    After 14 or 15 years of full-time education, the three founders really wanted to get out into the world, solve problems, and make a meaningful impact. The only question that lingered was what real-life problems could they solve? and the response came as a knock on the door. “E-commerce was just starting to take off in India at the time,” says Nahata. “However, if I ordered something online, the driver would contact me every time, inquiring where my house was, even though it hadn’t moved in years. After that, everything was done with pen and paper until the driver arrived. It was clear that there had been little change in the way logistics were organized.” This is where the idea for “FarEye” arose from.

    FarEye’s first customer was Jabong’s logistics arm GoJavas in 2013, and it currently works with some of the world’s largest companies, including DHL, Walmart, Tata Steel, Hilti, and Amway, to help them digitalize and manage their logistics operations more effectively.

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    FarEye – Mission and Vision

    FarEye’s mission statement says, “With a mission to make logistics more efficient, predictive and organized, we set out to build a robust technology platform that leading global enterprises across 30+ countries adopted. We are on the path to building an autonomous logistics platform that would make it not just efficient but also self-sustaining & profitable for enterprises.”

    FarEye – Business Model & Revenue Model

    FarEye is a logistics SaaS startup and earns revenue from subscription charges. Businesses use FarEye’s intelligent and sophisticated platform to deploy several delivery models from multiple inventory locations, including same-day, next-day, on-demand, and doorstep. This includes overseeing the end-to-end delivery of goods and services to both consumers and businesses, using both third-party and in-house fleet methods.

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    FarEye – Revenue and Growth

    As reported in 2020, FarEye has around 350 employees, and the company is handling over 10 million transactions a day. The company has clients in over 30 nations, and across many industries including transportation, logistics, retail, and FMCG. As per some reports, in 202o FarEye made revenue worth $26.8 million, and the company’s products are being used by over 150 businesses.

    “Logistics spend globally is $10.6 trillion, out of which 70% is on transportation. However, there is scope to save $10 on every $100 of freight by optimizing returns, resource utilization, cycle time, and fragmented logistics processes resulting in savings of about $700 billion,” says Nahata.

    FarEye is now firmly in expansion mode and grew quickly over the next few years. While most of the company’s early customers were logistics service providers, it currently serves shippers as well, and its customers can be located anywhere in the world.  FarEye’s systems track between 5 and 10 million shipments per day.

    FarEye – Funding and Investors

    Date Round Amount Lead Investors
    May 25, 2021 Series E $100M Dragoneer Investment Group, TCV
    Aug 19, 2020 Series D $13M Fundamentum, KB Global Platform Fund
    Apr 10, 2020 Series D $24.5M M12 – Microsoft’s Venture Fund
    Jan 5, 2018 Series C $9.8M Deutsche Post
    Jan 21, 2016 Series B $3.1M Elevation Capital
    Oct 5, 2014 Series A $317K Indian Angel Network
    Nov 25, 2013 Angel Round $32K –

    FarEye – Acquisitions

    Acquiree Name About Acquiree Date Round
    PY Technology Pvt. Ltd. PY Technology Pvt. Ltd. is an enterprise software and services company that provides Information Technology & Services. Mar 5, 2021 –
    Dipper Digital Ecosystem for freight logistics Nov 14, 2018 –

    FarEye – Competitors

    Some of the top competitors of FarEye are Ecom Express, project44, SAP Integrated Business Planning, SPiN, Optimal Satcom, FourKites, G2 Deals,  Shipsy & Mojro.

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    FarEye – Challenges Faced

    • Retail dynamics are rapidly changing
    • Customer expectations are being exceeded
    • Getting used to technological advances
    • Raise in the delivery costs
    • Package destruction
    • There are a lot of first-time delivery failures

    Handling deliveries isn’t easy, according to the CEO. Shoppers, in particular, are expecting a same-day shipment, increased flexibility, and better transparency. Even for field workers, completing a good delivery requires more than merely gathering up or dropping off a package. To ensure successful delivery, a succession of events must occur at precisely the right time.

    FarEye – Future Plans

    “We are solving certain problems for our customers today, but I feel we can solve much larger problems and help digitize the entire supply chain network,” FarEye CEO Kushal Nahata said.

    As the coronavirus outbreak threatens supermarket and e-commerce companies’ capacity to deliver supplies to consumers on time, FarEye announced that ‘Serve’, a service that focuses on enabling the movement of everyday essentials, will be free for any company to utilize for more than a year.

    “The global pandemic has accelerated the need for enterprises to scale their supply chain operations efficiently to meet the rising share of online deliveries. FarEye’s highly configurable last-mile and long-haul logistics platform has been validated by leading global enterprises across the 3PL, retail and manufacturing categories,” said Shweta Bhatia, a partner at Eight Roads Ventures, in a statement.

    The startup wants to improve its integration capabilities so that it can provide organizations with a comprehensive plug-and-play solution. The firm, which already employs over 350 people, plans to add 100 more employees in order to speed up product development.

    The largest future challenges for the firm will be developing better ways to assist clients to sustain the competitive advantage that comes from constant innovation and quick evolution.

    FarEye has been profitable since its inception, but according to Nahata, an IPO is not in the cards for the near future. “Right now, our main aim is to grow” he stated.

    FarEye – FAQs

    What does FarEye do?

    The AI-powered feature of FarEye, a Noida-based company, optimizes end-to-end delivery and makes recommendations based on data aggregation.

    Who founded FarEye?

    FarEye was founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava in 2013.

    Which companies do FarEye compete with?

    Some of the top competitors of FarEye are Ecom Express, project44, SAP Integrated Business Planning, SPiN, Optimal Satcom, FourKites, G2 Deals,  Shipsy & Mojro.