Tag: hyderabad startups

List of Leading Startups in Hyderabad in 2022
Hyderabad is a major center for the technology industry. It is home to many upscale restaurants and shops. Hyderabad is historically referred to as a pearl and diamond trading center. Hence, it is known as the “City of Pearls”. We have also seen a sudden rise in emerging startups in Hyderabad. Here we present the list of startup companies in Hyderabad (2021).

Hyderabad is the startup hub that empowers the startup ecosystem of India. Here is the list of startups in Hyderabad.

1. SFarmsIndia
2. eKincare
3. My Dream Store
4. MastiTickets
5. REVOS
6. Psynapce
7. Darwinbox
8. Popicorn
9. Zippr
10. NowFloats
11. HealthSutra
12. TinMen
13. Bharat Biotech
14. Cyient
15. GrabOn
16. Neeman’s
17. Hug Innovations
18. SkinKraft
19. Flatpebble
20. Paynear Solutions
21. Nukkad Shops Technologies
22. Zifi
23. Froogal

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1. SFarmsIndia

Founder: Kamesh Mupparaju and Linus Lindgren

Industry: Agri-Realty

Year Founded: 2018

Funding Received: $50k

SFarmsIndia Website

SFarmsIndia is an online web application with two core functions; listing and fraction trading. These two functions work together creating a great synergy. On the listing platform, buyers can find/search agricultural lands and sellers can list/post the agricultural lands for sale/lease. This enables farmers and agri-realty developers to buy and sells agri lands.

SFarmsIndia’s main USP is Fraction Trading. It makes an agreement with the seller (agri-realty developer) to issue fractions by digital land contract against their lands.

The sellers/Agri reality developers can liquidate their big land parcels utilizing these fractions. Each agri land is assigned with a digital contract and divided into 2000 fractions per acre, thereby enabling medium to small income groups to acquire lands easily.

SFarmsIndia is one of the successful startups in Hyderabad that was founded by Kamesh Mupparaju in 2018 with his cofounder Linus Lindgren. Kamesh is the CEO of the company whereas Linus is the advisor.

2. eKincare

Founder: Kiran Kalakuntla

Industry: Healthcare Tech

Year Founded: 2014

Funding Received: $20.7 million

ekincare Website

eKincare monitors medical information and gathers medical results from various providers. It updates profiles and gives a single repository for users and stores their medical records in the system.

With eKincare, companies can take care of their employees’ health and create personalised health benefits. It is an AI-driven platform which analyses the data of your employees and makes the reports accordingly.

Kiran Kalakuntla, founder and CEO of eKincare, did his engineering from Duke University. eKincare was founded by Kiran Kalakuntla and Srikanth Samudrala in 2014. Their investors include Ventureast, Bitkemy, Eight Roads and Endiya.

3. My Dream Store

Founder: Karthik Venkat

Industry: Online Clothing

Year Founded: 2014

Funding Received: $320k

Nobero Website

My Dream Store makes and sells T-shirts. Many people who want to make a particular kind of shirt, but can’t find it in the market or online, can create that shirt on mydreamstore.com and buy it.

In fact, people create clothes and sell them on the same platform. Hence, in another way, it is a clothing marketplace where people can buy and sell personalised products.

Karthik Venkat, the founder of My Dream Store, completed his engineering at Motilal Nehru National Institute of Technology. Later, he worked as a Financial Analyst. In 2014, he founded My Dream Store. The company has now rebranded to Nobero.

4. MastiTickets

Founder: Ravi Narla

Industry: Ticket Booking

Year Founded: 2014

Funding Received: –

Launched in 2014, MastiTickets has partnered with over 120 cinemas in AP and Telangana. It enabled users to book tickets for movies through its website and mobile app. The startup was booming in those areas around 2016. Hence, in 2017, BookMyShow acquired MastiTickets in an all-cash deal. The amount of acquisition is still undisclosed.

Ravi Narla founded MastiTickets. Ravi is an Andhra University graduate and also completed his master’s from the same university. He worked as a Project Manager in many different companies till 2013, when he decided to start MastiTickets.

5. REVOS

Founders: Mohit Ranjan and Jyotiranjan Harichandran

Industry: Tech Startup

Year Founded: 2017

Funding Received: $4 million

Bolt Website

REVOS, which stands for Revolutionary OS, is an AI & ML-enabled, IoT Platform for the next generation’s vehicles. It powers 2 & 3-wheelers with intelligent hardware & software.

REVOS makes on-the-go vehicle data analysis, diagnostics, smart control and protection, and visualization. This Hyderabad-based startup has already partnered with companies like Mirakles, Udaan, etc.

REVOS was founded by Mohit Ranjan and Jyotiranjan Harichandran in 2017. After graduating in Engineering from BITS, Mohit worked with Oracle for one year and then Adobe for four years. The company is now Bolt.
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6. Psynapce

Founders: Raji Harish, Rajesh Kumar, and Girish Patinharepatt

Industry: Health Tech

Year Founded – 2017

Funding Received: NA

Psynapce is a healthcare tech startup. It provides backend services to clinics and hospitals. Its includes services like analytics, inventory management, hospital information system, EMR system, etc.

Along with these B2B services, the startup has also launched an app called Savika. Savika app is for pregnant ladies and guides them through every phase of those nine months.

Psynapce was founded by Raji Harish, Rajesh Kumar, and Girish Patinharepatt. Raji is now the CEO of the company whereas Rajesh and Girish are Managing Director and COO respectively.

7. Darwinbox

Founders: Rohit Chennamaneni, Chaitanya Peddi, and Jayant Paleti

Industry: HR Tech

Year Founded: 2015

Funding Received: $107 million

Darwinbox Website

Darwinbox is a tool for recruiters to find and train employees. It enables the managers to track and analyse the performance of their employees on the go. Features like employee engagement, Payroll management, and HR workflow make it useful, and its application and voice bot makes it easy to use.

Rohit Chennamaneni, Chaitanya Peddi, and Jayant Paleti together founded Darwinbox. They were able to get 40 clients in just one year. The company has raised a total of $107 million in funding.

8. Popicorn

Founder: Prashanth Gowriraju

Industry: Food

Year Founded: 2016

Funding Received: $3.4 million

Although, Popicorn is a food startup, that started in a garage. Popicorn provides delicious popcorn with low calories but is full of fibers. You can get their popcorn in many different flavours. However, Popicorn’s products can be bought from particular online platforms or offline stores only.

Founded in 2016, Popicorn is a subsidiary of Timla Foods which was founded by Prashanth Gowriraju.

9. Zippr

Founder: Aditya Vuchi

Industry: Tech Startup

Year Founded: 2013

Funding Received: $8.6 million

Zippr Website

Zippr is a very innovative startup. It provides personalised addresses to everyone. If you have a Zippr code, you don’t have to enter long addresses while ordering something. You can give the Zippr code to anyone like a delivery man, cabs, etc.

With the Zippr code, they can easily track your house. Zippr code is a combination of 4 random alphabets and 4 random numbers. Currently, the service of this startup is limited to Hyderabad only.

Aditya Vuchi, the founder of Zippr, has done his engineering at Osmania University and later studied at West Virginia University. In 2013, he found Zippr which is funded by Amazon and Indian Angel Network. It has raised a total of $8.6M in funding 4 rounds.

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10. NowFloats

Founders: Ronak Kumar Samantray, Neeraj Sabharwal, Nitin Jain & Jasminder Gulati

Industry: SaaS

Year Founded: 2012

Funding Received: $17.4 million

NowFloats is a business management company headquartered in Hyderabad. It gives local businesses a platform to promote their products and help them get patents for their technology creation. Their main product is “Boost”.

Boost provides a website management app and also automates its SEO. Businesses simply need to update their websites and Boost takes care of everything related to it.

Ronak Kumar Samantray, Neeraj Sabharwal, Nitin Jain and Jasminder Gulati are the founders of NowFloats. Gulati has done him under graduation from the University of Mumbai. Nitin completed his MBA in Marketing and Finance from the Indian School of Business. Samantray has done his engineering at the College of Engineering and Technology, Bhubaneswar.

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11. HealthSutra

Founder: Sai Krishna Popuri

Industry: Food Products

Year Founded: 2013

Funding Received: $1.7 million

Health Sutra Website

Health Sutra is a food startup. They provide tasty food products but with healthier ingredients. The startup is working towards redefining tradition with taste. They use traditional grains like Jowar, Bajra, Ragi, etc. to make ready-to-eat foods.

The startup was founded by Sai Krishna Popuri. Sai is a graduate of Delhi and has experience working with different startups in different positions.

12. TinMen

Founder: Mukesh Manda

Industry: Food Delivery

Year Founded: 2015

Funding Received: 406.3k

Tinmen is a food delivery app which offers homemade food. People can order food on their website or on the app. They have a pretty good range of food variety. It also offers a chance for the people to join their community and provide food service through their app and earn some money.

The startup was founded by Mukesh Manda in 2015. Mukesh is an IIT Kharagpur graduate and has experience working with companies like Oracle and Amazon. The company had to shut down its operations in 2019.

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13. Bharat Biotech

Founder: Krishna Ella

Industry: Biotechnology

Year Founded: 1996

Funding Received: 14.1 million

Bharat Biotech Website

Founded in 1996, Bharat Biotech is a multidimensional biotechnology company. They are specialised in product-oriented research, development and manufacturing of vaccines and biotherapeutics. Their investors include ICICI Ventures and International Finance Corporation (IFC).

14. Cyient

Founder: B. V. R. Mohan Reddy

Industry: Computer Software

Year Founded: 1991

Funding Received: $15 million

Cyient Website

Cyient is a software company based in Hyderabad. Cyient is a global engineering and technology solutions company. Infotech Enterprises was re-branded Cyient in 2014 and featured among the top 30 outsourcing companies in the world as of 2018.

Cyient’s industry focus includes aerospace and defence, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

15. GrabOn

Founders: Ashok Reddy and Bhanu P Raju

Industry: Coupons and deals

Year Founded: 2013

Funding Received: $250k

GrabOn Website

GrabOn stands as a famous Indian coupons and deals marketplace, which onboards subscribers and merchants to offer the best deals and coupons online to its users. Founded back in 2013 under the parent company, Inspirelabs Solutions Pvt Ltd. GrabOn is one of the leading startups in Hyderabad that initially bootstrapped its way and turned profitable in 15 months.

GrabOn boasts of 4,000+ merchants and over 6.5 million users per month. Apart from coupons, deals, and offers, GrabOn has further diversified into the gift cards industry with BestPriceOn and GrabOn Gift Cards. GrabOn is listed in the 266th position by the Financial Times as a high-growth company in Asia-Pacific.

16. Neeman’s

Founders: Amar Preet Singh and Taran Chhabra

Industry: Footwear

Year Founded: 2018

Funding Received: $9.8 million

Neeman’s Website

Founded as a footwear startup in 2018, Neeman’s is ideated to empower the usage of renewable, organic, and sustainable materials to design an attractive range of footwear for the young and old. These shoes manufactured by Neeman’s are stylish, and comfortable along with being eco-friendly.

17. Hug Innovations

Founders: Raj Neravati

Industry: Service industry, software

Year Founded: 2014

Funding Received: $5 million

Hug Innovations brings a range of wearable products that constantly aim to bridge the gap between people and technology. Hug Innovations believe that the world is in growing need of technology that is user-friendly and convenient. This is why they strive to develop cutting-edge wearables that are easy to use.

Titan Company Ltd acquired Hyderabad-based Hug Innovations on February 11, 2020.

18. SkinKraft

Founders: Chaitanya Nallan, Veerendra Shivhare, and Sangram Simha

Industry: Skincare, Tech, Beauty

Year Founded: 2017

Funding Received: NA

SkinKraft Website

SkinKraft Laboratories, founded in 2017 manufactures beauty products for the cosmetic industry users. The beauty products manufactured by SkinKraft are not only produced to cure chronic diseases but are also customized as per the users’ requirements.

Along with skincare, SkinCraft is also distinguished for its effective hair and immunity-boosting products and solutions.

19. Flatpebble

Founders: Pranav Mehta, Venkatesan Seshadri

Industry: Photography, wedding

Year Founded: 2012

Funding Received: $1 million

TechClove Technologies Private Limited formed as Flatpebble is a wedding photography services company that helps offer wedding photographers and wedding photography services online.

The customers can simply place their requirements/requests via forms to receive detailed quotes and the relevant portfolios of wedding photographers so that they can make their own decisions comfortably sitting in their homes.

Flatpebble.com is also a remarkable platform for both professional photographers and those who are in the making to approach a wide user base and cater to their varied requirements.

Flatpebble currently boasts over 500 portfolios and is established across 80+ cities and 5+ countries, as of October 2, 2021.

20. Paynear Solutions

Founders: Krishna Kishore V

Industry: Fintech

Year Founded: 2013

Funding Received:

A Fintech startup based in Hyderabad, Paynear Solutions strives to revolutionize the payment industry with its innovative solutions. Paynear Solutions extends state-of-the-art payment transaction solutions to small, medium, and large enterprises and other businesses in India to help them manage their payment activities. The company helps create payment transaction solutions to simplify the businesses of the present and those that are to come in the future.

21. Nukkad Shops Technologies

Founders: Vivek Shukla, and Ravi Korukonda

Industry: Payments app, POS

Year Founded: 2015

Funding Received: $1.4 million

Nukkad Shops Website

Nukkad Shops Technologies stands as a commerce platform that serves small and medium-sized grocers and companies. With the help of the advanced apps that Nukkad Shops provides, the retailers can get their billing done without any hassles. Furthermore, they can also manage their inventory, move their dead inventory with up-sell, cross-sell, enable a loyalty program, and more.

22. Zifi

Founders: Anurag Singh Rathore

Industry: Healthcare, Medical

Year Founded: 2002

Funding Received: NA

Zifi is famous as the registered trademark of FDC Limited, which helps in bringing smiles among clinicians across the country. Zifi is recognized as a trusted partner of the clinicians that has effectively treated 300 million+ patients from the day of its inception.

The state-of-the-art Novel drug delivery system and the exceptional experience of clinical success by the medical fraternity have truly made Zifi India’s no. 1 prescribed anti-infective.

Founded back in 2002, Zifi has grabbed the growing need of the clinicians and helped in treating a wide variety of infections with highly effective and affordable anti-infective therapy, newer anti-infective combinations were launched as extensions.

23. Froogal

Founders: Jeevan Chowdary Mandadapu

Industry: Software

Year Founded: 2016

Funding Received: $1 million

Froogal Website

Froogal is a startup company that provides its users with rewards for their shopping habits. It helps in engaging customers with the help of digital strategy. The main aim of Frrogal is to establish customer loyalty and retain them.

It works as a tool and takes care of the business marketing needs. Froogal offers rewards and provides emotional experiences to retail customers and their loyalty.

Conclusion

This was our list of startup companies in Hyderabad. If you know any other startups in Hyderabad, please contact us. We will connect to feature the story in this list of startups in Hyderabad.

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FAQs

How many startups are there in Hyderabad?

Hyderabad has around 3000 startups. It is among the startup hubs of India contributing hugely to the startup ecosystem in the nation.

Which are the best startups in Hyderabad?

Here are the lists of startups in Hyderabad:
- SFarmsIndia
- MastiTickets
- REVOS
- Psynapce
- Darwinbox
- Popicorn
- My Dream Store
- Zippr
- NowFloats
- HealthSutra
- eKincare
Which is the best business in Hyderabad?

Some of the best businesses one can start in Hyderabad are:
- Restaurant/ Food Truck
- Photography Business
- Catering Business
- Wedding Planners
- Poultry Business
- Hand-Made Crafts Shop
- Tailoring Business
June 20, 2022

Neeman’s Success Story – How is it Changing the Norm of the Footwear Industry?

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 Neeman’s.

Industrialization has changed human life drastically. It has brought with it an increase in production, job opportunities, and urbanization. But, industrialization has a set of drawbacks too. It has contaminated the air, water, and soil. Dust, smoke, fumes, toxic gas emissions, use of plastic, etc has caused irreversible degradation to our environment. However, the good news is that now people are becoming more aware of the importance to conserve the environment. In India, many startups are coming up with amazing Eco-friendly product ideas. Neeman’s, is one such Hyderabad-based startup that is revolutionizing the footwear industry with shoes that are made of natural, renewable, and sustainable materials.

Neeman’s Highlights

Startup Name	Neeman’s
Headquarter	Hyderabad
Founders	Taranjeet Singh Chhabra and Amar Preet Singh
Sector	Footwear
Founded	2017
Total Funding	$9.8 Mn (June 2022)
Revenue	$899K (FY21)
Parent Organization	Neeman’s Pvt. Ltd.

About Neeman’s
Neeman’s – Industry
Neeman’s – Founders and Team
Neeman’s – Startup Story | How was Neeman’s Started?
Neeman’s – Name, Logo and Tagline
Neeman’s – Business Model and How it works
Neeman’s – Funding and Investors
Neeman’s – Advisors and Mentors
Neeman’s – Growth
Neeman’s – Startup Challenges
Neeman’s – Awards

About Neeman’s

Neeman’s is India’s first shoe brand to use natural, renewable and sustainable fibres, including merino wool. Founded in 2017, in Hyderabad, Neeman’s envisages manufacturing shoes that are stylish, comfortable, and eco-friendly. Neeman’s is the first company in India to use Australian merino wool for its shoes.

“Neeman’s is focused on making truly comfortable footwear that looks good, feels good and is good for the planet–all day, every day” – quotes Neeman’s founder duo Taranjeet Singh Chhabra and Amar Preet Singh.

Conceptualized in America, Neeman’s shoes are leading a culture of sustainability and comfort in the footwear space in India. Working in collaboration with the world’s leading manufacturing units and suppliers, Neeman’s brings perfectly-crafted, natural fibre shoes to India.

Working on the lines of US-famed Allbirds, which is famous for the sustainable shoes and clothing it produces and sells, Neeman’s manufactures comfortable shoes that are crafted with merino wool, organic cotton, recycled PET bottles, and wood, fruit pulp, tyres, bamboo, and more.

Neeman’s Products

Currently, Neeman’s has 3 types of shoes –

Wool Classic Sneakers
Wool Joggers
Wool Loafers

Neeman’s Brand USP

Listing the USPs of Neeman’s would include –

Neeman’s shoes are designed for Style and Comfort.
Neeman’s shoes are manufactured using Natural and Renewable Merino Wool, Castor bean oil, Recycled rubber, and other earth-friendly materials.
The Merino Wool shoes made by Neeman’s can be worn in all months in India. They can be carried well in both extreme summers & extreme winters.
Neeman’s shoes are flexible and lightweight, conforming to the foot for comfort that truly lasts all day.
Neeman’s timeless designs go from work to play, day to night, casual to dressy.
Neeman’s shoes are sock-free and odor resistant, but also machine-washable if the need arises.
The company works with the best design companies, manufacturing units and spinning mills to create its ultra-soft Merino Wool fabric used in its exclusive shoes.

Neeman’s – Industry

India is the second-largest footwear producer in the world, 9% of the global annual production is done in India. In terms of consumption, India is the third-largest (around 2.1 Billion). India’s per capita consumption in terms of footwear is only 1.7 pairs per annum and is increasing rapidly and moving towards the Global Per capita of 3 pairs.

According to Assocham study, the premium footwear market in India is close to 8 to 10% of the overall footwear market of $7-8 Billion

With increasing affluent population and interest for more comfortable and designer shoes, Neeman’s plans to carve a unique position by building a Culture of Comfort and Sustainability in India. The target Market size for Neeman’s is around $600 – $650M.

Neeman’s – Founders and Team

Neeman’s was founded by Taranjeet Singh Chhabra and Amar Preet Singh in the year 2017.

Taran Chhabra & Amarpreet Singh — Neeman’s Founders

Taranjeet Singh Chhabra

Taran Chhabra is the CEO of Neeman’s. He handles the complete operations of the company along with the finance department, sales department and the marketing strategy. He also manages Neeman’s collaboration with the world’s leading design companies, manufacturing units, and spinning mills to bring true nature-friendly shoes to the Indian men.

Taranjeet is a Business Analytics Leader with great experience and leadership qualities based out of New Jersey, the USA. He has helped countable pharma and life sciences giants in America pivot their current operational strategy and move towards the path of growth. He also has quality experience in Technology, Operations, and Media that enables him to establish new ventures at the epitome of industry and acquire a greater market share. Chhabra has completed his Post-Graduation in computer science in the USA. He is an expert IT leader and an avid traveller.

Amar Preet Singh

Amar Preet Singh is the Director of Operations at Neeman’s. He is a veteran in operations and leading companies with over 15 years of experience in running various start-ups. He is currently leading and overseeing a consulting firm in Hyderabad along with it.

Currently, Neeman’s has a 17-member team with great expertise in Customer Service, Digital Marketing, Logistics and Branding.

Neeman’s – Startup Story | How was Neeman’s Started?

It all started with a struggle and frustration. Taranjeet Singh was travelling to Spain and missed a train due to over-packing. He was travelling with five pairs of shoes a running shoe, a casual shoe, a lounging shoe and an extra pair just in case. And it was quite cumbersome to travel with so much luggage.

This inconvenience made Taran think about a shoe that can be used for all purposes and for all day. However, he did not find anything suitable, which led to the birth of Neeman’s.

With very little background in footwear and design, Taran travelled to different shoe manufacturing hubs around the world to learn how shoes were made. He saw that most of the shoes were made with synthetic and chemical-heavy fibres that are bad for the environment.

“The question in my mind was, We look for better, nutritional and organic food, why don’t we look for similar qualities in our shoes?” says Neeman’s owner Taran Chhabra.

Taran thought of using natural sources to make shoes. Merino wool from Australia was at the top of the list because of its amazing qualities. Merino wool is very soft compared to traditional wool and can be worn all year round. Besides, this fibre was natural and renewable as sheep produce a new fleece every year.

After two years of hard work, in October 2016, Neeman’s is born, which brings classic yet stylish shoes made with natural Merino wool, and other eco-friendly materials.

We believe you should feel good about what you wear. And at Neeman’s, we’re passionate about making sure your shoes make you feel good, look good and do good for our planet.

Neeman’s – Name, Logo and Tagline

The name Neeman’s is a combination of Taran’s mother’s name, Neelam and his father’s name, Manjeet. The tagline of Neeman’s is #ChangeTheNorm.

Neeman’s Logo

Neeman’s – Business Model and How it works

Neeman’s launched directly to the consumer via its website to improve the buying process and make it super easy for consumers across India to shop its shoes. Neeman’s shoes are now also available on Amazon and Flipkart, thereby making them more discoverable. It also began to focus on offline markets and has already begun introducing its products in Shoppers Stop and Lifestyle.

The pricing for all its styles ranges within the range of INR 5,500 – 5,850. They have a 7 Day Risk-Free trial wherein the customers can experience the comfort at their doorstep and if they run into any issues Neeman’s delivers a new shoe within a few days.

Neeman’s – Funding and Investors

Neeman’s raised funding worth $9.8 Million to date. The footwear brand last raised nearly $5.15 mn on June 3, 2022, in a Series B round led by Sixth Sense Ventures. The previous round was valued at around $901K, which came in on December 2, 2021, and was led by Stride Ventures.

Neeman’s investors include Anicut Angel Fund, AngelList, and a group of serial entrepreneurs.

Date	Stage	Amount	Lead Investors
June 2, 2022	Series B	$5.15 mn	Sixth Sense Ventures
December 2, 2021	Debt Financing	$901K	Stride Ventures
August 3, 2021	Series A	$2.57 mn	Sixth Sense Ventures
March 2, 2020	Pre-series A	$1 mn	Anicut Angel Fund & AngelList

Neeman’s Shareholders

The largest shares of Neeman’s are currently held by Sixth Sense Ventures, which holds around 42.94% of Neeman’s stakes. On the other hand, the Neeman’s founders, Taranjeet Singh Chhabra and Amar Preet Singh diluted their shareholding, which currently stands at 19.84% and 9.84% respectively.

Neeman’s – Advisors and Mentors

Sramana Mitra from Silicon Valley and Tushar Singh are among his mentors/advisors of Neeman’s. Sramana Mitra is the Founder and CEO of One Million by One Million (1Mby1M), which is hailed as the world’s first and only global virtual incubator/accelerator. On the other hand, Tushar Singh is among the investors of Neeman’s, who is also a member of the Neeman’s board.

Neeman’s – Growth

Neeman’s is hailed as the first sustainable footwear brand in India. Over the last two years, Neeman’s has also launched products like sustainable flips flops, slides and recycled cotton sneakers that are being sold now by the startup.

Neeman’s was beta launched in Oct 2018. At launch, it had few sizes and colours with a focus to promote the difference that the company brings to the footwear space and educate the consumers on why its products are better and revolutionary. Neeman’s used mediums like Facebook, Instagram, Twitter, and Email Marketing during this phase.

The beta launch was successful and Neeman’s got a great response from the early backers and customers. Leveraging upon the initial traction, Neeman’s started using other mediums to reach out to customers and drive awareness of the benefits of its shoes, merino wool and how Neeman’s shoes blend in with their daily life and so on. The company used targeted campaigns to different age groups to ensure the creatives and copy blend in with their location and age group.

Some of the growth highlights of Neeman’s are:

It has achieved a 661.42% growth rate
It currently serves 275K users

Neeman’s has grown by 15X in 2021 when it comes to revenue and customer base. It dived into the new retail selling initiative by opening a store in Hyderabad.

Neeman’s has great reviews from thousands of early backers across the country. Neeman’s has a reorder rate of over 25% and a growth of over 30% month over month.

The company is working on starting a few flagship offline locations for the customers to walk in and experience the comfort crafted at Neeman’s. Besides, Neeman’s is also working towards adding more colour and variants to its shoes.

Neeman’s Financials

Neeman’s registered Rs 6.98 crore ($899.21K) in revenue in FY21, and has also posted a loss of Rs 3.32 crore ($427.63K) in the same fiscal.

Neeman’s – Startup Challenges

According to Taranjeet, the major challenge for Neeman’s was to design and develop the core set of merino wool fabrics which would create a shoe that is lightweight, durable, abrasion-resistant and holds up well with the Indian weather conditions.

During our research, our focus was to ensure our shoes hold up well with Indian Weather Conditions. As our country is so diverse and the weather is different in Bangalore and Mumbai, we have worked to choose the right composition to ensure it holds up well in all situations and conditions.

Neeman’s collaborated with Woolmark Company, a non-profit funded by Australian wool farmers for developing merino wool fabric.

Neeman’s – Awards

Neeman’s was awarded as a Gamechanger and Emerging Brand of 2018-19 in Consumer Space by Nexbrand in association with Times Now.

FAQs

What does Neeman’s do?

Neeman’s is India’s first shoe brand to use a natural, renewable and sustainable fiber in its shoes–merino wool. This Hyderabad-based startup founded in 2017 envisages manufacturing shoes that are stylish, comfortable, and eco-friendly.

Who is the founder of Neeman’s Shoes?

Mr. Taranjeet Singh Chhabra and Mr. Amar Preet Singh founded Neeman’s in 2017.

How much is Neeman’s Funding till date?

Neeman’s total funding is reported to be $9.8 Million in June 2022. Neeman’s investors include Anicut Angel Fund, AngelList and a group of serial entrepreneurs.

Who is Sramana Mitra?

Sramana Mitra from Silicon Valley, and Tushar Singh, who is one of the investors of the brand, are the mentors/advisors of Neeman’s.

Does Neeman’s bring organic shoes in India?

Yes, if you are looking for organic shoes in India, then Neeman’s is one of the best choices you can find.

June 3, 2022

Next Education – Offering 360 Degree Edtech Solutions to the K-12 Segment

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 Next Education.

Technology is the core of the present economic world. Every domain of study ranging from the health to the service sector is evolving with the regularly updated technology. Similarly, educational sectors have gone through a major transformation in recent times due to technology. Once the rigid 2D notions of learning in classrooms equipped with a Blackboard are now replaced with digital 3D projections to enable a better understanding of the concepts among the students.

Next Education is one of the startup companies that pioneered the ed-tech sector way back in 2007, founded by Beas Dev Ralhan and Raveendranath Kamath. It is a K-12-focused technology-based education solution provider. Know about the Company Profile of Next Education, Founders, Funding, Revenue, Competitors, Business Model, Growth, Acquisitions, How it started, etc., in the article ahead.

Let’s go through the Journey of Next Education along with knowing Next Education Founder, Funding, Business Model, Competitors, Revenue & more…

Next Education – Company Highlights

Startup Name	Next Education
Headquarter	Hyderabad
Sector	EdTech
Co-founders	Beas Dev Ralhan and Raveendranath Kamath
Founded	2007
Parent Organization	Next Education India Pvt Ltd.
Website	www.nexteducation.in

About Next Education and How it Works

Founded in 2007, Next Education is an optimal education solutions provider, based out of Hyderabad. Touching the lives of 12,000,000+ students and 240,000+ teachers across 12,000+ schools, their solutions serve multiple purposes of both academic and administrative domains.

Ranging from academic solutions such as TeachNext – a digital classroom solution and NextBooks – a complete textbook series to administrative solutions such as NextERP – a cloud-based school management system, Next Education is an end-to-end education solutions provider for the K–12 sector.

Next Education’s products aim to meet all the academic needs of a learner and make quality education affordable and accessible for every child. While doing so, their belief lies in partnerships with their employees, customers, vendors, governing bodies, and other stakeholders to strengthen the ecosystem over an extended period.

Every step Next Education takes ensures to bring quality education within the grasp of every learner so that younger generation mainly become life-ready.

“Entrepreneurship in the education sector was never about money-making. Keeping an organic approach towards academics to make learners future-ready and not just well equipped for competitive exams, was what we aimed for, which later became the core USP of Next Education.”, says Raveendranath Kamath, co-founder of Next Education.

Next Education rightfully understands that education is all about the holistic development of children pertaining to creativity, adaptability, and critical reasoning. It is about instilling the joy of learning and a hunger for knowledge in every young mind. This is the reason their academic solutions are well equipped with visually intriguing content and tools such as claymations, craftmations, and AR cards.

Next Education – Target Market

India’s education sector offers a great opportunity with approximately 29% of India’s population being between the age group of 0-14 years; is estimated at USD 91.7 billion in FY18 and is expected to reach USD 101.1 billion in FY20. India’s higher education segment is is expected to increase to USD 35.03 billion by 2025.

Seamless integration of content for effective learning and instruction, and smart administrative solutions for improved planning and reporting, has made the company one of the finest end-to-end education solutions providers in the country.

Next Education – Founders and team

Beas Dev Ralhan and Raveendranath Kamath are the founders of Next Education.

Tech aficionados and brothers working towards the same goal of creating a social impact with technology, co-founded Next Education in 2007

Beas Dev Ralhan

Beas Dev Ralhan is the Chief Executive Officer (CEO) of Next Education. Ralhan received his formal education from IIT Bombay and London Business School. As the CEO of Next Education, he brings energy, inspiration, and direction to the company’s vision.

Raveendranath Kamath

Raveendranath Kamath, the Chief Financial Officer (CFO) of Next Education plays an integral part in financial planning, product engineering, and supply chain management of the organisation. An alumnus of IIT Kharagpur, Kamath has over two decades of experience in finance and operations.

Next Education has a team of around 1,000+ qualified and dedicated professionals with diverse skill sets, which have helped it establish itself as a known name amongst the academic stakeholders.

Next Education – Startup Story | How was Next Education Started?

His days at IIT Bombay made Ralhan realise that to make an impact on modern society, one has to build companies supported by the latest technologies and utilize the power of the Internet. Raveendranath Kamath, Ralhan’s friend and colleague at PartyGaming, had the same vision. Both of them desired to employ technology to make a social impact in India.

In 2007, a focused market study helped them realize that the Indian education sector was least impacted by technology. With technology as their ally, they wanted to devise innovative methods to make education accessible and affordable for all. Thus Next Education was born with a vision to transform education to suit the requirements of today’s learners.

“More than a decade ago, we had envisaged a not-too-distant future when quality education would be within the reach of every child. We had always dreamt of the day when quality education would no longer be the privilege of a few and our ardent desire to nurture and fulfill this aspiration keeps us motivated.”, recalled Raveendranath and Beas, founders of Next Education.

Next Education – Startup Launch

In 2009, Next Education launched their first product, LearnNext – a self-learning home-based solution for children. The response received for the product was overwhelming and there was no looking back for the team at Next Education thereafter. Next Education’s ecosystem has been steadily enriched with numerous solutions catering to different stakeholders belonging to the academic sector.

NextCurriculum, NextLabs, TeachNext, and NLP are the four vital parts of the Next Education ecosystem, which enhance the significance of learning by incorporating hands-on learning activities and a learner-centric approach.

Next Education’s flagship product, TeachNext, launched in 2010, has been a milestone in terms of digitization of classrooms nationwide. Recently, they have launched NLP, i.e. Next Learning Platform, which is a cloud-based solution equipped with NextERP, LMS, and adaptive learning, meeting all the requirements of academic and administrative stakeholders. The company also offers a teacher training solution for schools called NextDeeksha.

Next Education – Mission and Vision

Next Education aims to “put into practice the best teaching–learning methodologies that will help shape the lives of the torchbearers of tomorrow,” which the company underlines as its mission.

The vision of Next Education is “to bring quality education within the reach of every learner, so that they are prepared for the challenges in life.”

Next Education – Name and Logo

The company started in 2007 as Helix Technology Solutions Pvt Ltd, which was later renamed as Next Education aligning with the spirit of the brand and its products.

Next Education Logo

The name ‘Next Education’ stands for an edTech solutions provider for the next generation, capable of transforming education.

Next Education – Business Model and Revenue Model

Next Education India Pvt Ltd is an end-to-end edTech solutions provider that follows B2B and B2C business models. At Next Education, consistent effort is put to create solutions that meet all the requirements of academic stakeholders pertaining to school set-up, digitalisation of classrooms, implementation of activity-oriented education, administrative guidance and tools etc.

Next Education – Funding and Investors

Next Education raised the initial funding from Anurag Dikshit, co-founder of PartyGaming, who was ranked among the 40 richest Indians, according to ‘Forbes’ Magazine.

Next Education – Startup Challenges

Transforming education is not an easy task. A vast part of our country still follows the conventional methods of teaching and learning, which lays emphasis on teacher centered education. The slow device penetration rate, skepticism about embracing ed-tech products over traditional home tuition and lack of awareness among people regarding integrated education, were initial challenges faced by Next Education.

Hence, introducing innovative products and restoring the faith of people in the transformation formed the central approach towards meeting the challenges, and today, TeachNext is the top-selling digital classroom solution in India with a market share of 65% .

Next Education – Competitors

Next Education directly competes with companies such as BYJU’s, Extramarks, Educomp, Pearson, etc.

“At Next, we believe in healthy competition, as all of us are trying to harness the potential of the present generation of learners for a better tomorrow.”, said Beas, co-founder and CEO of Next Education.

Next Education – Advisors and Mentors

For Beas Dev Ralhan, his father is his best mentor, whose ideas, thoughts and values have inspired Ralhan to begin a startup – Next Education and work tirelessly with hope, motivation, perseverance and patience.

My father has been the most inspirational mentor throughout my life. His entrepreneurial endeavours and never-say-die attitude motivated me to start my venture and shape and nurture Next Education.

He taught me that patience is the key to run a business successfully, which I strongly believe and follow. When you are impatient, you tend to miss critical details and opportunities, which may lead to irrevocable mistakes.

Due to the fast-paced nature of today’s world, we value dynamic actions and quick solutions, but if this attitude morphs into impatience, it will cloud your judgement, ruin relationships and destroy your credibility in the market.

Next Education – Awards

Next Education received following awards and recognition:

Innovation in Teaching Pedagogy award at World Education Summit 2012
Best Multimedia Content for K–12 Education at World Education Summit 2013
Excellent Human Resource Management in Education Industry by National HRD Network
Best Digital K–12 Multimedia Content for Maharashtra State Board in English
and Marathi by Wisitex World Education
Best School Books Solution Award at Global Learn Tech Conference and Awards
Best Emerging School ERP award at Digital Edge ICT Conclave on Education
Innovation in Teaching Pedagogy award at World Education Summit 2015
Innovation Excellence Award in Education by ASSOCHAM
Pre-school Pedagogy award at the World Education Summit 2016

“We, Nextians, are learners who embrace achievements with innate happiness and take failures as steps towards learning.” said the founders of Next Education.

Next Education – Acquisitions

Next Education has acquired 2 organizations. Their most recent acquisition was Xolvr on Dec 2, 2016.

Date	Acquired	About
Dec 2, 2016	Xolvr	Xolvr is a convenient & affordable community driven ‘after school study’ platform
Feb 11, 2016	InOpen	InOpen designs and develops educational content and solutions for academic institutions

Next Education – Growth

Next Education presently has an all-India presence and is headquartered in Hyderabad. Apart from Hyderabad, they have offices in Pune, Noida, Kochi, and Chennai. After establishing in the Indian education spectrum, Next Education is off to make its mark at the global level. Since 2016, they have been expanding their business in the Middle East. In early 2019, Next Education has opened a branch in Dubai.

Currently, Next Education is the largest player in the highly concentrated Indian Private K-12 digital classroom sector. The company has reached out to 60,000+ classrooms since the year of inception and has a turnover of 276 crores in FY 19.

“Our main motive is to create solutions for schools that positively impact the education system and help the next generation have a better tomorrow.”, said Raveendranath and Beas.

One of the oldest and the most successful education solutions provider, Next Education has launched Kindernext on October 16, 2019, on the completion of the twelfth year of its operations. This new initiative is launched with an aim to stand as a smart preschool and activity center for 21^st-century learners, which will extend fun and interactive space to the young students, thereby advancing their development and honing their desire to be lifelong learners.

Here’s a glimpse at the highlights of the popular features of KinderNext by Next Education:

It is a smart preschool and activity center that is tailor-made with vibrant textbooks, an award-winning digital classroom, detailed mentor manuals, and smart resource kits.
It follows a research-based integrated approach towards learning, laying equal emphasis on developing the five key areas: linguistic, cognitive, physical, social, and emotional.
The curriculum of KinderNext is centred on NCF guidelines for early childhood education.

KinderNext is designed to provide young learners with the right care and attention to foster curiosity and confidence in them. Its distinct features like multimodal learning, explore-and-play technique, and age-appropriate learning approach can help students gain a rich learning experience and ensure continuous progress towards their desired goals.

Speaking on the launch of KinderNext, Next Education Co-founder and CEO, Beas Dev Ralhan said that KinderNext, with impactful technology, best faculty, and new-age curriculum coming together, is favorable for all its stakeholders – the young students, parents, and schools.

Next Education – Future Plans

Next Education has achieved quite a growth since it started in 2007. The startup believes continuous innovation and becoming a one-stop solution are the way forward.

Next Education – FAQs

What is Next Education?

Next Education is an edtech startup launched in 2007 by Beas Ralhan, Raveendranath Kamath in Noida, UP, which believes in embracing technology to revolutionise the education system of India. All of the products and services that Next Education offers are learner-centric and classroom-friendly.

Who is the founder of Next learning platform?

Beas Ralhan and Raveendranath Kamath are the founders of Next learning or what we commonly refer to as Next Education.

How is Next Education transforming education?

Next Education is fueled by the latest technological advancements, expert teachers, and over 10,000 impactful learning modules, which greatly help the company to transform education.

When was Next Education founded?

Next Education was founded back in 2007.

March 8, 2022

Top 4 Best Cities for Emerging Startups in India 2022 | Startup Hubs in India
A nascent stage startup is no different from a toddler—it needs to be nurtured with utmost care and conditioned for tackling the challenges that lie ahead. To provide this grooming, several cities in India are preparing themselves for incubating and bolstering entrepreneurial ventures.

The global buzz surrounding the startup mentality has made it more important than ever to create a breeding ground for innovation and creativity, and it’s great to see that India is also taking this seriously. This has given rise to a number of startup hubs across the country, with the quantity increasing continuously.

There has been a paradigm shift when it comes to the importance of 9 to 5 day jobs. Although many Indians still prefer such jobs over conceiving new ventures, some studies report that the number of startups in India has grown over 7 times in the recent decade. Are Indian’s ditching the traditional conception of employment? Quite likely a yes.

According to the reports, the number of Indian startups in 2008 lingered at around 7000. A 2018 study estimated approximately 50,000 startups in existence across India. The startup culture in India has seen tremendous growth. According to a 2021 Global Startup Ecosystem Index by Startup Blink, three cities in India, Bengaluru, Delhi and Mumbai ranked among the top 20 cities globally.

If one was to single out a specific brand or entity that paved way for entrepreneurship in India, it would be Zoho. Then known as AdventNet.inc, Zoho offers productive tools (Document processing, etc.). It began in 1996 and amplified the “startup” trend in India.

Here is a list of some of the best cities for startups in India that are providing startups and initiatives to the pedestal to grow and make name for themselves. With the penetration of more international tech giants, most of these cities are changing into the IT hubs of India.

Top 4 Startup Cities in India
Emerging Startup Cities in India

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Top 4 Startup Cities in India

Bangalore

Bangalore City

Bengaluru, once known as the startup capital of India before it was dethroned by Delhi which added 5000 startups against 4,514 in Bengaluru from 2019 to 2021.

Bengaluru has been the womb to big shots like Ola and Flipkart. The city houses various technical and analytical firms, an enticement for budding and established entrepreneurs.

Rightly christened as the Silicon Valley of India, Bangalore is the perfect amalgamation of the corporate lifestyle and vibrant social life. Home to the country’s top technical and managerial institutions (IIM, Bangalore and IISC) and a strong industry connection, there’s no shortage of opportunities in this city. It is known as the best city for startups in India.

Even freelancers across the country have an inclination towards working out of Bangalore; such is the lure of the city. Other countries are becoming cognizant of the strategic significance of this south Indian city—large organizations are adamant about having at least one of their offices in Bangalore. This creates an extensive network highly beneficial to ventures and initiatives seeking support and guidance.

On the other hand, startups based out of Bangalore are expanding their operations and services beyond India. With the city in dire need of renovation and re-modelling (lack of space and water issues being some reasons for worry), the inevitable transformation of Bengaluru will open up new avenues for entrepreneurs. The city is also among the top IT startups in India.

Delhi

Delhi City

Delhi, the startup capital of India is the center of India that commands the respect of its own, Delhi is the seat of political power and this lends a greater hand to the startup ecosystem flourishing there. Having a stronghold in telecommunication and media, Delhi has been a destination for various entrepreneurship-related meetups and conferences, with the Government of India promoting and publicizing a majority of these events.

The close vicinity to Delhi has enabled both Noida and Gurugram to establish themselves as startup hubs. A trade and commerce place historically, Delhi has seen the rise of tech startups such as Hike and Paytm, food tech startups like Zomato, and Shopclues belonging to the e-commerce segment.

With booming infrastructure and ease of business, Delhi is counted among the top cities for startups in India where foreign behemoths like Samsung are exploiting Noida and Gurugram to the fallest; Samsung recently opened the “world’s largest mobile factory” in Noida. These regions entail a huge potential for growth along with a thriving network of investors and entrepreneurs. The presence of centres of excellence like IIT, DU and IIFT (to name a few) means there’s no shortage of expertise.

Hyderabad

Hyderabad City

Traditionally known as the city of pearls, this city in Southern India is witnessing a rise in foreign investments and the number of successful startups blossoming on its land. Hyderabad can be called the second IT hub of India after Bangalore.

With many international giants like Microsoft, Google, and Uber setting up their offices in Hyderabad, the city is slowly yet steadily catching up with Bengaluru as a startup hub. Top institutes like ISB, IIIT, and BITS being located in Hyderabad is icing on the cake—alumni from these places are directly incubating their ventures in Hyderabad.

The support from the State Government has encouraged entrepreneurs to make the best out of unrealized opportunities Hyderabad has on offer. The State Government is vesting time and money in organizing and setting up conferences, hackathons, state initiatives, and development centres—everything geared towards making Hyderabad synonymous with entrepreneurship. It is even slackening on policies and procedures to showcase the city as a favourable incubator!

Mumbai

Mumbai City

The city of dreams, also the home to some of the world’s wealthiest businessmen, has only recently been dethroned by Bangalore when it comes to India’s favourite startup destination. Mumbai is still the first choice for anyone who is into non-technical startups as it is India’s financial capital.

One of India’s most recognized institutions, IIT Bombay has been instrumental in cultivating the startup ecosystem across the nation, being the birthplace of many wildly successful startups. Moreover, alumni from this esteemed college have gone on to make name for themselves across countries through their initiatives. It’s a proud feeling to say that many globally recognized brands are the outcomes of the toil put in by IIT Bombay grads and post-grads. It is among the best cities for startups in India.

BookMyShow, JustDial, and Cleartrip are only scratch the surface of the plethora of startups to have emanated from this sea-facing city. With conglomerates like L&T and Tata group setting up their offices in Mumbai, the financial hub has seen a steep growth in the economy, employment, and business. But the rising cost of living and real estate in Mumbai has caused a few unicorn enterprises such as Ola to shift base. In spite of such issues, Mumbai will continue to dominate the entrepreneurship segment, come hell or high water.

Emerging Startup Cities in India

With big cities gradually losing their shine and attraction, many emerging startups are focusing on tier 2 cities for growth and sustenance. Some cities have seen a surge in entrepreneurial activities and have made it big in the last 3-4 years. Some of the emerging startup cities in India are:
- Ahmedabad
- Gurugram
- Pune
- Chennai
- Kolkata
- Nagpur
- Chandigarh
- Indore
- Goa
- Bhubaneswar
- Lucknow
- Surat
The Government setting up a tech park called GIFT City in Ahmedabad-Gandhinagar, Pune becoming a smart city, and Chennai emerging as a host to entrepreneurial discussions and events—smaller cities are gaining traction. Cheap land rates, low cost of living, remarkable talent yet to be utilized, and lucrative government policies have made these cities the future of the Indian startup ecosystem.

FAQ

Which city has the most startups in India?

Delhi has dethroned Bengaluru and now ranks in the first position for the most number of startups in India.

Which city is known as the startup capital of india?

Delhi is known as the startup capital of India.

Which is the best city for startups in India?

Some best cities for startups in India are Bengaluru, Delhi, Mumbai, Gurugram, Hyderabad, Noida, and Pune.

What is the best city to start a business in India?

Mumbai, Delhi and Bengaluru are some of the best cities to start a business in India.
February 21, 2022

SFarmsIndia: India’s First Agri Land Marketplace

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 SFarmsIndia.

‘Buy land, they are not making it anymore’ a quote by Mark Twain, emphasizes the importance of Agri-Realty and its immense value. Agriculture as an asset class falls under the broad investment category of real assets which are physical in nature and provide hard tangible ownership. Agricultural land has become an attractive investment destination for several reasons. Most important of all being the strong market fundamentals in support of the sector on both the demand and supply side. Increasing population, changing demographics, reductions in arable land, fast urbanization, and climate change have led to the increased demand for agricultural lands. Agriculture lands have outperformed most asset classes throughout history, particularly on a risk basis when considering volatility. The NCREIF (National Council of Real Estate Investment Fiduciaries) Index which is the world’s agriculture benchmark has yielded an annual return of 13.69% since 2000 with a standard deviation of only 7.58%. This far outperforms equities, bonds, and other asset classes. Performance is expected to improve further over the next decade due to strong demand-supply fundamentals.

Owing to this high potential of agricultural land as an investment option, many HNIs in India are interested in investing in agricultural land as an alternative asset but are facing difficulty in finding/searching these lands. Again people from the mid-income group, though they want to invest in agricultural land, are not able to do so due to the lack of financing facilities. Besides, the farmers and agri-realty developers are also facing difficulties to sell agri lands due to lack of liquidity.

At present, there is no liquidity platform to buy/sell agri lands as most of the existing reality portals are focused into listing urban properties or houses/flats. The entire market is untapped and most of the transactions happen through agents reaping huge commissions and margins. To solve these problems and tap the market, SFarmsIndia- India’s First Agri Land Marketplace has created a liquidity platform to buy/sell agriculture lands, estate lands, eco farms, and farmlands.

Read more about SFarmsIndia Business Model, Founders, Revenue, Funding, Competitors, Growth, etc., here in this article.

SfarmsIndia – Company Highlights

Startup Name	SFarmsIndia
Headquarter	Hyderabad
Sector	Agri-Realty
Co-founders	Kamesh Mupparaju, Linus Lindgren
Founded	2018
Funding	$50K
Parent Organization	Szuper Agridigital Solutions Pvt. Ltd.

About SFarmsIndia and How it Works
Agri Realty Industry Details
Founders of SFarmsIndia and team
How was SFarmsIndia Started
SFarmsIndia – Name, Tagline, and Logo
SFarmsIndia – Business Model and Revenue Model
SFarmsIndia – User Acquisition and Growth
SFarmsIndia – Startup Challenges
SFarmsIndia – Funding and Investors
SFarmsIndia – Advisors and Mentors
SFarmsIndia – Awards
SFarmsIndia – Future Plans
SFarmsIndia – FAQs

About SFarmsIndia and How it Works

SFarmsIndia is an online web application with two core functions; listing and fraction trading. These two functions work together creating a tellable synergy.

Listing Platform: On the listing platform buyers can find/search agricultural lands and sellers can list/post the agriculture lands for sale/lease. The seller has to sign up on the platform and choose the category of agri land that needs to be listed. Once listed, the buyer can search the agri lands based on the selected category and contact the buyer directly. It, therefore, creates liquidity for buying and selling of agri lands.

Based on the land type and functionality, SFarmsIndia categorizes the lands into four types which are as follows:

Agri Lands – Agriculture Lands, Non-Cultivated Lands, and Fruit Farmlands
Estate Lands – Coffee, Tea, and Rubber Estate Lands
Eco Farms– Ecological Sustainable Farms and Farmhouses
Collective Farms– Cooperative farms and Group farms

Fraction Trading Platform: SFarmsIndia’s main USP is that it makes an agreement with the seller (agri-realty developer) to issue fractions by digital land contract against their lands. The sellers/Agri reality developers can liquidate their big land parcels utilizing these fractions. Each agri land is assigned with a digital contract and divided into 2000 fractions per acre, thereby enabling medium to small income groups to acquire lands easily. Once the fractions are issued, they will be credited to the agri-realty developer’s wallet on the platform, and the developer can sell directly through the trading platform. Buyers can place orders to buy the fractions for whichever price they feel is right. The trade engine will automatically match their order with another customer’s orders of the opposite nature (BUY vs. SELL). All orders are displayed through the site’s interface. Users can either use the site via the web interface or connect through the API to access the trading platform. The trading platform uses a proprietary trading engine that is automated and manually overlooked.

Buyers are flexible to buy the smallest trade-able fractions of the agri land, and buyers can contact directly to the sellers hence no commission. Sellers can list and liquidate their agri lands very easily by issuing fractions. It’s a peer-to-peer platform; hence, no middlemen are involved.

Technology is the core of SFarmsIndias’ business operations. Using technology, they intend to create an effective and efficient platform for agri lands that can eliminate the middlemen who inflate the prices. SFarmsIndia has been taking one step at a time in building reality out of its vision. By doing so, SFarmsIndia aims to systematically engage in so far untapped agri realty market by changing the way agricultural land is transacted across India.

Agri Realty Industry Details

India presently has one of the lowest lands holding per capita, lower than the global average. According to the Agriculture Census, the total number of operational holdings in India numbered 138.35 million with an average size of 1.15 hectares per capita. Of the total holdings, 85% are in marginal and small farm categories of less than 2 hectares.

India is currently the second most populated country in the world but with a small land area, smaller than China with a similar population. In such a situation, farmland has gained prominence and hence difficult to acquire. The value of land has increased from 3-fold to 100-fold rise since 2000.

There has been a countrywide spike in the price of agricultural land due to a variety of reasons. All of India’s farmland was valued at over $2 trillion in 2010, and today it has grown to be valued at around $10 trillion. To put this figure into perspective, it is larger than the value of all the gold ever mined.

SFarmsIndia targets buyers and sellers of agri lands across India. Middle class to high net worth investors looking to invest in agri lands are considered an alternative asset class. According to the World Bank, India’s middle class is about 300 million and about 40 million people make up the higher middle class. Their average disposable income has grown year after year, leading into investment in agri realty. The size of agri land market in India is around $15 billion, which is untapped due to lack of liquidity and lack of financing facilities.

Around 3 million transactions (changing the property rights from one person to the other) happened in FY18-19, and 95% of these transactions took place via middlemen. However, with increasing digitalization trend is set to change, and the shift from middlemen to web platforms is inevitable.

Founders of SFarmsIndia and team

Kamesh Mupparaju is the founder and CEO of SFarmsIndia.

Kamesh Mupparaju, Founder of SFarmsIndia

Kamesh Mupparaju is the founder and CEO of SFarmsIndia. Mupparaju has a B.Tech degree in Electronics and Telecommunications, followed by an MBA in Finance from Osmania University. Starting with Reliagre Commodities as a Research Analyst, Kamesh served many key leadership roles across companies including Padmakshi Financial Services Ltd., where he served as the Manager of Commodity Operations and Analysis; True Infotech, where he was a Sr Research Analyst. He then moved on to become an FX Analyst and Dealer at Six Capital, SGX Centre 1. Mupparaju finally decided to nourish his entrepreneurial abilities and founded ETHEXIndia (India’s first market place for Ethereum Tokens), after he served as a founding Board member of BTCXIndia (first Bitcoin exchange in India) for over 4 years. He also served as the Advisor of Blockonomics before founding SFarmsIndia.

SFarmsIndia currently works with a well-knit team of employees.

How was SFarmsIndia Started

Kamesh, coming from a farmers’ family, had primary insights concerning the agricultural sector in India. He observed his father, a farmer by occupation struggle to sell his agricultural land. Kamesh realized that it was really challenging to sell his land since the land is located in the village, and the potential buyers were not aware of the sale. The same situation has been observed with some other farmers in the village. Besides, brokers are a hindrance in transactions due to non-transparency. Taking all these into account, it occurred that there should be a system in place that helps people like Kamesh’s father.

Kamesh started his journey of ideation by going through most of the property websites across India. From such intense research, he concluded that there is little or no focus on agricultural land and that there is no platform exclusively for agricultural lands. Nevertheless, in contrast to traditional property websites, the agri reality market is bigger in terms of valuation. As the research proceeded, Kamesh found that in Telangana alone, for FY 18-19, the agricultural land market size is Rs. 15,000 Cr (registration value), and the market value would be somewhere Rs 50,000 Cr. The area of the transacted land is 3.2 Lakh acres. This is only in Telangana and considering pan India he understood agri realty is a very big untapped market in India, hence figuring out the solution.

Going ahead, Kamesh decided to launch the web application, which consists of listing and fractional trading functionality. For the same his 12+ years of trading experience and functional experience of trade engine designs, proved helpful in designing and developing the trade engine and the listing platform. After rigorous testing, he launched the beta version of the listing platform on July ’18 and launched the beta version of fractional trading on Jan’19.

SFarmsIndia Launched the live fractional trading by Feb’19 with an MVP of 1.48 Acres. The physical land was divided into 2960 fractions ( 1 Acre= 2000 fractions) and delivered successfully. The company is in negotiations with agri- realty developers to launch big land parcels. SFarmsIndia went out of beta on May ’19 for the listing platform and moving forward with good traction.

Once Kamesh developed an understanding of the status and the existing gaps in the agri reality industry; he discussed the idea with a group of farmers at his village. Though there was some reluctance at the beginning due to apprehensions about the online system, they eventually like the idea. Farmers’ increasing frustration with the middlemen and the delayed process led farmers to associate with a platform that avoids middlemen and also provides effective prices for the land. As few transactions closed more farmers joined the platform.

SFarmsIndia – Name, Tagline, and Logo

SFarmsIndia Logo

Most of the big land banks/land parcels in India are barren lands or non-cultivated lands and most of the farmers in India hold small farms, which are cultivated not like those in the western countries. The small farms are productive in nature, and SFarmsIndias’ main objective is to convert barren lands into produce lands. Hence, the name SFarmsIndia, which means Small Farms in India.

As SFarmsIndia ventured into a unique and untapped market, the tag line was decided as ‘India’s First Agri Land Marketplace‘

The Logo colors refer to:
“S” color – Sunlight
“Farms” color – Land
“India” color – Trees.

SFarmsIndia – Business Model and Revenue Model

SFarmsIndia has a Freemium Model. It charges Rs 2000 for a pro account with three months subscription and Rs 5000 for a pro plus account with three months subscription. Besides, it also has a Fraction Trading Fee, which is capped at 0.5%, as a transaction fee on both buying/selling of the fractions.

SFarmsIndia – User Acquisition and Growth

Initially, SFarmsIndia has created the home page with three simple text lines; SFarmsIndia- India’s First Agri Land Marketplace, More details coming soon!! and Notify Me. Using the ‘Notify Me’ section, they have managed to collect emails of a few early adopters.

Later, Kamesh directly reached out to buyers via agri land meetups, agri tech launch pads, agriculture events, etc. where he shared his thoughts and ideas about the product and requested them to register for the beta launch. He then went to his village to get interested sellers onto the platform through direct contact.

I have researched the information of the interested sellers and created a preliminary database on the website. Ideally, the first 100 users came from these channels.

As SFarmsIndia attained a decent number of seller/property listings on their network, it reached out to potential buyers (who are early adopters and provide the email for notification) through email notifications, promotion in the WhatsApp groups, and social announcements.

In order to retain its customers, SFarmsIndia arranged a beta launch party in an eco-farm in Hyderabad after it reached 100 signups points. For the party, the company invited all its contacts, early signup customers, etc. It was a kind of meetup, where SFarmsIndia collected decent data of the available agri lands. Further, it also opened a customer service desk and did outbound calls for listings. Simultaneously it started promoting through Google Ad network, SMS network, and through social media. SFarmsIndia has spent around 2 million INR on marketing and promotions.

SFarmsIndia – Startup Challenges

Most of the farmers and Agri Realty developers are not technology literates to list their listings on the web platform directly. Hence, SFarmsIndia has faced challenges in terms of getting sellers onto the platform. In order to overcome this, the company has created a WhatsApp listing.

For this, we provided a customer care number on WhatsApp for the sellers to talk to our team in their language of choice and get assistance in listing their property on the platform. Our content editors would list on behalf of the sellers. This helped overcome the listing problems, and slowly the listing numbers started picking up.

SFarmsIndia – Funding and Investors

SFarmsIndia raised pre-seed funding worth $50k in July 2018.

Date	Stage	Amount	Investor
July 5th 2018	Pre-Seed	$50k	FFF

SFarmsIndia – Advisors and Mentors

Advisors at SFarmsIndia include:
1. Linus Lindgren, advisor for business strategy.
2. Siva Sitamraju, Mtech(IIT-D) is an advisor for technology.

SFarmsIndia – Awards

Super Agridigital Solutions Pvt. Ltd, the company behind SFarmsIndia, is recognized as a Start-up by the Department of Industrial Policy and Promotion, Govt of India under Start-up India initiate.

SFarmsIndia – Future Plans

SFarmsIndia has gained traction with over 5000 signups, over 1300 listings and over 200 deals changing hands. Added to this, over 2960 fractions equivalent to 1.48 acre have been traded and delivered. It is the only platform in India exclusive for agri lands where agricultural lands can be listed and traded. Therefore, SFarmsIndia has the opportunity to tap at least 10% of the estimated $15 billion Indian agri realty market.

In the short term, SFarmsIndia envisions to get the highest number of listings in their listing platform for Agri-Realty and create a unique market: an intersection of Agritech, Agri-Realty and Online Marketplace for buying and selling Agri lands. Over the long-range, SFarmsIndia aims become the most respected and trusted brand for on-demand trading/liquidity solutions in Agri-Realty market and tap at least 10% market share in Agri Realty.

Buyers and sellers already love our listing platform. SFarmsIndia is an early-stage startup with good traction in place. We hope the future is bright for us since investment in agri lands is a good alternative asset class – Kamesh Mupparaju says

SFarmsIndia – FAQs

Who founded SFarmsIndia?

Kamesh Mupparaju and Linus Lindgren founded SFarmsIndia in 2018

What is SFarmsIndia?

SFarmsIndia- India’s First Agri Land Marketplace has created a liquidity platform to buy/sell agriculture lands, estate lands, eco farms and farmlands.

What is the main function of SFarmsIndia?

SFarmsIndia is an online web application with two core functions; listing and fraction trading. These two functions work together creating a great synergy.

What is the tagline of SFarms India?

As SFarmsIndia ventured into a unique and untapped market, the tag line was decided as ‘India’s First Agri Land Marketplace‘

February 7, 2022

Success Story of Savart: Company That Helps You to Manage Your Investments

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 Savart.

Everyone yearns to make money and get rich. But, you simply cannot become wealthy with that increased paycheck. It all boils down to wealth management. Dave Ramsey rightly says, “money moves from those who do not manage it to those who do.” Money management, however, is not so simple. It requires knowledge, observation, expertise, and patience.

Savart, a fintech startup by Sankarsh Chanda, is here to simplify investment management for you. Savart combines computing accuracy with the best of human intelligence. Savart advises over 100 crore rupees in assets and works with clients from over 30 countries. (As of January 2020)

This ensures easy, safe, and profitable investments through its award winning research methods. StartupTalky interviewed Savart CEO Sankarsh Chanda, who started the company when he was just 18!

Savart – Company Highlights

Startup name	Savart
Headquarters	Hyderabad
Founder	Sankarsh Chanda
Industry	Investment Management
Founded	2017
Registered Entity Name	Svobodha Infinity Pvt.Ltd
Total Funding	$644.9K

Savart – About
Savart – Industry Details
Savart – Founder And Team
Savart – The Idea And Launch
Savart – Name,Tagline, And Logo
Savart – Business Model And Revenue Model
Savart – Customer Acquisition
Savart – Funding
Savart – Challenges
Savart – Competitors
Savart – Achievements
Savart – Awards
Savart – Partners
Savart – Advisors And Mentors
Savart – Future Plans
Savart – FAQs

Savart – About

Savart is a wealth management platform that simplifies investing in mutual funds, stocks, and bonds both online and offline. Savart combines machine accuracy and human intelligence to help its customers invest in stocks and mutual funds wisely. The company has a research team that does paper-based analysis, meets the management of listed entities, talks to dealers, suppliers, and customers to find out the strength of the entities/firms and take investment decisions accordingly.

Upon signing on its platform, Savart prompts the users to fill an EFG (Emotional Financial General) form. After the EFG analysis, Savart suggests suitable investment options for the user based on their needs and expectations. The user can also manually research and invest in instruments without any guidance. There is the option for users to choose investment goals and Savart then shows combinations of mutual fund, SIP, and STP plans for achieving these goals.

Savart’s services include:

Suggesting investment portfolios based on one’s needs, goals, risk appetite, etc.
Facilitates subscription and redemption of units by transmitting user’s money and instructions to AMCs based on instructions given by the users.
Securing user’s personal and financial transactions related data.
Lets the users track their investments.
Facility to undertake ‘KYC’ requirements.

One can also access Savart’s services through the Savart app. The app is available for both android and ios as well as on the web. The Savart app has several interesting features and has received positive reviews from customers. One such feature is ‘round-up’. Through this facility, Savart stacks up its customers’ savings with loose change from every transaction and on the accumulation of a certain amount, the savings are invested into ETFs.

Savart strives to provide uncompromising advice and research to individuals and institutions irrespective of their quantum of investment. Savart envisions itself as an end-to-end investment services company that helps people realize their dreams & passion. Savart has its office in Hyderabad.

Savart – Industry Details

The asset management industry in India is one of the fastest growing segments in the world. Corporate investors AUM (Asset Under Management) stood at US$ 127.65 billion, while HNWIs (High Net Worth Individual) and retail investors reached US$ 99.05 billion and US$ 82.03 billion respectively in December 2018. India is among the top five countries in terms of HNWIs in the Asia-Pacific region.

The wealth management industry is likely to grow at 10-15% in the next five years.

Savart – Founder And Team

Sankarsh Chanda is the Founder and CEO of Savart.

Sankarsh founded Savart in 2017 when he was only 18 years old. He is a certified Research Analyst, investor, author and fund manager. Sankarsh’s book Financial Nirvana that he wrote when he was just seventeen, explains the art of investment and how to profitably manage one’s hard earned money.

Other core members of the Savart team are:

Aditya Ranade (Chief Investment Officer): Aditya worked with companies like RBS & Morgan Stanley before joining Savart.
Sridhar Vetapalem (Chief Financial Expert): He has 15+ years of fund management expertise.
Taruni Chandrasekhar (CFO): Taruni is a Chartered Accountant and Chartered Financial Analyst.
Pavan Kumar Kotamurthy (Research Analyst –Head): He is a Registered Investment Adviser, Research Analyst, MFD & ED certified, and was with NISM before joining Savart.
Prakash Raju (Rural Operations Head): He has 20+ years of expertise in rural marketing.

Savart – The Idea And Launch

The ideation happened when Sankarsh was only 14 years old. He read an article on“value investing” by Benjamin Graham which stressed on the importance of picking stocks trading for less than their intrinsic value for a profit opportunity. Sankarsh found the idea of value investing interesting and wanted to experiment with it. He convinced his elder sister and started trading through her Demat account. It began with just Rs 2000 that he got as a scholarship and saw his bets pay off quickly. Sankarsh continued thoroughly studying market trends and the balance sheets of different companies to build on his knowledge.

It was never an idea to startup or set up a company. It was a simple idea to give investment advice, build investment strategies and invest; over time, the idea of doing this at a scale and combining my philanthropic interests gave birth to Savart. – Savart founder, Sankarsh Chanda.

Sankarsh started freelancing and drawing investment strategies for individual clients when he was just 16 years old. He was seventeen when the Savart founder published his first book, Financial Nirvana. Meanwhile, Sankarsh joined the B.Tech. course in Bennett University, Greater Noida.

Ajay Batra, the Director of the Center of Innovation and Entrepreneurship at Bennett university gave Sankarsh the confidence to start his venture. Sankarsh invested the money he earned through various investments for launching Savart. He interviewed about 400 people from diverse economic backgrounds to understand customer requirements better before working on Savart.

Savart – Name, Tagline, and Logo

Savart stands for ‘The Art of Savings’.

Savart Logo

The reason we give importance to saving in our name is because it is the fundamental requirement before beginning to invest. And we believe it sounds good too. – Savart founder, Sankarsh Chanda.

Savart’s tagline is ‘Dream Up.’ The tagline is a reflection of Savart’s commitment to helping people ‘live’ better dream bigger. Savart helps to make quick money in the share market. The company’s aim is to help people realize their dreams and passion. The current logo was finalized upon after some iterations and wasn’t a one-time outcome.

Savart – Business Model And Revenue Model

Savart’s services range from financial planning to investment advice and goal planning. Savart follows a simple revenue model; for the services provided, customers are charged as per the following plans:

For Investments between zero to 4,00,000, the charges are Rs.1299/- per annum.
For Investments exceeding INR. 4,00,000 , the charge comprises 0.5%(upfront fee)+ 3% of pre-tax net profits(performance fee).

The company charges 1-2% as commission for mutual fund investments.

Savart – Customer Acquisition

Savart’s initial set of customers came from the team’s families and business connects obtained through referrals. Constant communication with the clients, keeping them in the loop, regular feedback collection, and constant improvements to its online platforms are some of the measures Savart takes to retain customers and uphold client satisfaction.

Savart – Funding

Raising funds has been an enriching experience for the Savart team, as said my Sankarsh. On May 6, 2018, Savart raised $100K in funding. Savart raised seed funding of $544.9K in November, 2021.

Date	Stage	Amount	Investor
May 2018	Pre-seed	$100K	Undisclosed
November 2021	Seed	$544.9K	BEENEXT, Yatra Angel Network

Savart – Challenges

Investing in people and finding the right talent has been a pain-point. Savart has upskilled several individuals to get the maximum out of its team as well as to help its employees move up the progress ladder. Sankarsh mentions that like every other startup, Savart also has downtime and that’s when the team needs some extra motivation. The customer first mindset uplifts everyone in times of distress.

During our meetings, we have an empty chair and assume our customer is there, watching us work. This makes sure that we don’t get distracted or demotivated. – Savart founder, Sankarsh Chanda.

The company never fails to celebrate milestones, no matter how big or small. These include feature release, team member induction, and positive customer feedback among others. Reaching out to the masses and help them invest and make money is Sankarsh’s personal motivation booster.

Savart – Competitors

There are many fintech startups that deal with stock, share and mutual funds investment. Some of the top competitors of Savart are:

Groww
Smallcase
Sqrrl

Savart seeks inspiration from different entities; it is inspired by companies like Zerodha in terms of reach and services, by the likes of Oaktree capital management in terms of their investment research and quality of the team. However, Savart differentiates itself from others through its deep-tech research, customer experience, and the niche customer segments it targets.

Savart – Achievements

Some significant achievements include:

Savart sold mutual funds worth Rs 3.5 crores and stocks worth Rs 2 crores within a month of launching its online platform.
The company is managing an AUM of around 100 crores.
Savart was featured as one of the most promising fintech startups in the world by Burnmark, London.

Savart – Awards

Savart has received the following awards:

SMC Startup pitch Award – Mumbai 2018
T20 Starpreneuer of the Year – Mumbai
Delhi – NCR TiECoN’s QGLUE Design Entrepreneur of the Year

Savart – Partners

Savart has partnered with Bombay Stock Exchange for mutual funds. It is also licensed as a Registered Investment Advisor by SEBI.

Savart is not a broker. So, it has partnered with Upstox, a Mumbai based discount broking firm , for final transactions. Savart is looking forward to partnerships with some other digital brokers. The startup is also in touch with banking correspondents to enhance its offline presence.

Savart – Advisors And Mentors

According to Sankarsh, a mentor is one who adds direction and motivation to the business, offers continuous constructive criticism, and helps build the right culture for the organization. Savart is being mentored by the following experts:

Ajay Batra: Mentor and Business Adviser, Director Bennett Hatchery, ex-Citibank. It was Mr. Batra who gave Sankarsh the confidence and support to think of entrepreneurship, and is mentoring Savart since day one.
Sandeep Kataria: Ex-Marketing Head, Voonik and CureFit.
Hemkumar Vajjha: Chief Technology Adviser MD, Impetus Solutions.
Venkat: Development Head – Tech, Impetus Solutions, 25+ years of tech expertise.

Savart – Future Plans

Savart is all set for expansion and growth. Savart’s major bucket list items for the future are:

Opening offline stores.
Installing automated investment machine. The machine will be set up as an offline kiosk and users will be able to make investments using a debit card or cheque.
Making the Savart platform available in languages like Hindi, Telugu, and Gujarati.

Savart – FAQs

Who is the CEO of Savart?

Sankarsh Chanda is the Founder & CEO of Savart.

How much is the Net worth of Savart?

Savart net worth is 100 crore rupees in assets (As of January 2020).

What is Savart?

Who is Sankarsh Chanda?

Sankarsh Chanda is the Founder & CEO of Savart. He also launched Stardour – a SpaceTech company.

January 18, 2022

Assetmonk: Disrupting & Simplifying Grade-A Real Estate Investments in India Via Fractional Ownership

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 Assetmonk.

Traditionally, real estate investments have always been a part of Indian investing trends. It was a custom to own a house for rental purposes, and pass it on to the next generation or sell it for a profit and continue the loop. But, the thought of investing in commercial real estate rarely occurs. Some prominent reasons for this might be large ticket sizes (commercial real estate assets come with a heavy price burden), lack of awareness about quality real estate assets, and the time-taking process of asset management.

Being one of the highest yielding asset classes, the core team of Assetmonk had a pressing question – why should everyday investors, who proactively invest in stocks, mutual funds, gold, etc, be denied a chance to invest in commercial real estate?

As an attempt to offer a solution, Assetmonk, a wealth-tech platform, was founded in 2019 to popularize a new alternative investment class and democratize commercial real estate investing with fractional ownership. A concept that is new to the Indian market and holds immense potential to disrupt the investing habits of Indians. Driven by Surya Pulagam and Prudhvi Chinta, the startup has now become a thought leader in the industry with asset-backed wealth management. They have now made commercial real estate investments possible with a budget of just INR 10 lakhs and upwards, with a promise of higher returns. In this article, you’ll discover how Assetmonk was conceptualized, its growth, future plans, business model, funding, and more.

Assetmonk – Company Highlights

Company Name	Assetmonk
Headquarter	Hyderabad
Founder/s Name	Surya Pulagam, Prudhvi Chinta
Industry	Fractional ownership / commercial real estate investment
Founding Year	2019
Website	assetmonk.com
Registered Entity Name	Assetmonk Properties Pvt Ltd

Assetmonk – About and Vision

Assetmonk offers carefully vetted assets that are customized to meet the objectives of different investors. Its objective-oriented products are designed to cover a large spectrum of investors with different objectives, may it be value appreciation, regular passive income, or diversification of risk. Assetmonk’s real estate investment plans go through strict due diligence and expert evaluation to make the investment process as secure and safe as possible.

The vision behind Assetmonk is simple – to transform the largest and the oldest asset class to become more investment-friendly and make real estate investments accessible to more and more investors. Due to the high-ticket sizes, unavailability of reliable instrument vehicles, and enough knowledge, the high-quality assets and deals with higher returns have remained elusive for most regular investors for a very long time. Hence, Assetmonk works to break the stereotype and make real estate investments a smooth and transparent experience for every investor.

Assetmonk – Industry Details

The industry will move towards transparency, structured processes, and disruptive regulations like RERA that are boosting investment deals. The fractional real estate market opens doors for small investors and builders to promote growth and unlock value both for the investors and the owners, which worked out in countries like the USA. The Indian market is witnessing similar growth, with the help of REITS, building stability and attractiveness to commercial real estate.

Assetmonk – Idea & Inspiration

The real estate sector in India has always been unstructured and unorganized. Yet, it’s one of the largest asset classes that lack educational awareness. With more than a decade of experience in the sector, dealing with large fund houses and the numerous interactions with smaller investors, they now have an understanding that there is a need for a platform to simplify the complex and opaque transactions that dominate the market with a data-driven approach. Assetmonk is determined to streamline the selection process, democratize commercial asset classes and good quality deals for smaller investors.

The startup simplifies asset acquisition on the basis of a 100 point checklist called AssetScan, ensuring transparency, responsiveness, and eliminating the chaos associated with asset management.

Assetmonk prides itself on being a thought leader in real estate investment and asset-backed wealth management. This expertise came as a result of thorough market research by interacting with potential investors/NRI, buyers, and commercial builders. The initial response, once Assetmonk went to the market last year, was promising, which pushed it to expand further.

Assetmonk – Product and USP

The primary vision behind setting up Assetmonk was making Real Estate Investments enjoyable and easier to understand for investors with smaller ticket sizes but aspire for great quality returns or don’t have the time/ awareness for the same.

Assetmonk provides a reliable and investor-friendly tech platform that is accessible to all investors and strives to democratize real estate investments. It strives to bring high-end commercial real estate properties on the platform which would be inaccessible to independent investors otherwise. To the team at Assetmonk, every investor’s investment comfort is very important to them. To serve their needs, the startup offers a broad spectrum of investment opportunities to investors. At the end of the day, Assetmonk does all the hard work wherein the investors only reap the rewards of their returns hassle-free while tracking the investment performance through an intuitive dashboard.

Few of the points that make Assetmonk stand out –

A thorough 100-point due diligence process for asset listing
A diverse product portfolio for investors with different risk propensity
Robust dashboard for real-time updates and tracking
Efficient asset management till the exit/sale for a favorable value
All compliances and transactions are managed by the platform
Data Analytics led investment decisions

Assetmonk – Founders and Team

Assetmonk is the brainchild of Surya Pulagam. After his successful stint as the Managing Director at Electronics Art, he set up the Incor Group along with a partner from the previous stint. After scaling up the real estate entity to a large size, he went on to set up other entities including a health care chain and a coliving firm. Surya felt the need to transform the real estate industry in India by bringing order to the chaos and democratizing it through technology and fractional ownership. Together with Prudhvi Chinta as the COO of Assetmonk, who is passionate about bringing the technology to the idea, the duo aims to make commercial real estate accessible to everyone and optimize asset management.

Presently, Assetmonk functions as a separate business with 30 employees and a presence in three Indian metropolitan cities, Hyderabad, Bangalore, and Chennai.

Assetmonk – Name, Tagline and Logo

Real estate is driven a lot by the market sentiments and many times does not follow the proven method of due diligence, information assimilation, and an objective decision. Hence, there is a need for someone knowledgeable and objective, like a monk. Thus, the name Assetmonk in real estate resonates with a team of experts working in the background, powering the monk to help people make smart investment decisions.

Tagline – ‘Growing together’ symbolizes fractional ownership.
Logo – Sections of a pie also symbolize fractional ownership and the value of sharing.

Assetmonk – Logo and Tagline

Assetmonk – Startup Launch

The initial plan was to go about with physical on-ground events, but COVID-19 shifted the team’s focus to digital practices to find interesting investors and help them invest and track their investments. Other sources of business are a strong partner network, re-investments from existing investors, and referrals. The repeat interactions indicate the investor’s satisfaction level and put the team in the confident spot in terms of the business direction taken.

Assetmonk’s strategy is quite straightforward. No compromise attitude towards selecting the quality assets, relentless focus on investor returns and security, customer service, and transparency (sharing updates about investments via asset tracking dashboard). The team ensures attractive returns and profit margins, seamless investor and post-investment experience, and absolute investor relationship management.

Assetmonk – Challenges Faced

Stepping into an unorganized sector, the startup’s major challenge was establishing trust and bringing awareness about this modern ideology of real estate investment, as opposed to traditional investing models that the public is accustomed to but unhappy with.

Assetmonk – Business Model & Revenue Model

To sustain the functions, Assetmonk’s revenue model consists of asset management fees and performance fees on exit. Assetmonk eliminates the hassle of property ownership by being involved from the start to the end, right from discovery to exit. Apart from an asset management fee, a performance fee is levied on the profit earned from the rental proceedings of the property.

Assetmonk – Funding and Investors

Assetmonk has raised funds from a strategic investor, who brings in a good amount of domain expertise and access to the assets to the table and fits in well as a long-term partner.

Assetmonk – Achievements

The participation of investors from multiple countries, a channel partner network, and a very healthy reinvestment rate stands as a testimony for Aseetmonk’s progress.

The latest addition is The Landing, India’s first-ever co-living venture at Hyderabad International Airport, where it designed the investment structure, educated the audience, and came on board as asset managers in the long term. It’s an aesthetically designed infrastructure with top-notch amenities like a microbrewery, health clubs, co-working space, F&B, and abundant networking opportunities.

Assetmonk – FAQs

What is Assetmonk?

Assetmonk prides itself on being a thought leader in real estate investment and asset-backed wealth management. It strives to bring high-end commercial real estate properties on the platform which would be inaccessible to independent investors otherwise.

Who is the founder of Assetmonk?

Surya Pulagam and Prudhvi Chinta are the founders of Assetmonk.

How does Assetmonk make money?

Assetmonk’s revenue model consists of asset management fees and asset performance fees.

What is the tagline of Assetmonk?

‘Growing Together’ is the tagline of Assetmonk. It symbolizes fractional ownership.

November 30, 2021

How Cloud Tailor is using ML to deliver Personalized Fashion Styling
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 Cloud Tailor.

Cloud Tailor is a D2C mobile app that enables Personalized fashion styling, fashion visualization, recommendations, order placement, tracking, and fulfillment. It is the only tech-enabled personalized fashion brand in India – Serving global women customers from India. StartupTalky interviewed Susmitha Lakkakula (Founder, Cloud Tailor) to get insights on the startup story and roadmap of the organization. In this article, you’ll discover how Cloud Tailor was started, its journey to date, marketing strategies, revenue model, and more.

Cloud Tailor – Company Highlights

Startup Name Cloud Tailor

Founding Team Susmitha Lakkakula, Rudra Pratap, Mahesh Patel

Headquarters Hyderabad

Industry D2C Fashion

Website cloudtailor.in

Cloud Tailor – About and Vision
Cloud Tailor – Industry Details
Cloud Tailor – Idea & Inspiration
Cloud Tailor – Product and USP
Cloud Tailor – Founders and Team
Cloud Tailor – Name, Tagline and Logo
Cloud Tailor – Business Model & Revenue Model
Cloud Tailor – Launch and Marketing Strategies
Cloud Tailor – Challenges Faced
Cloud Tailor – Achievements & Milestones
Cloud Tailor – Funding
Cloud Tailor – Advisors & Mentors
Cloud Tailor – Competitors
Cloud Tailor – Tools used to run startup
Cloud Tailor – Future Plans
Cloud Tailor – FAQs

Cloud Tailor – About and Vision

Cloud Tailor is a D2C mobile app that enables Personalized fashion styling, fashion visualization, recommendations, order placement, tracking, and fulfillment. Cloud Tailor’s unique asset-light ‘Online + Offline’ global fulfillment business model ensures the best quality and price outcome for personalized fashion in guaranteed timelines.

Vision: To be the ‘One Stop Shop’ for all personalized fashion choices for global women.

Mission: To simplify and enhance personalized fashion choices for global women.

“We as founders believe that we have the right mix of technology skills, marketing focus, idea intensity talent, prior startup experience to make Cloud Tailor the No. 1 ‘top of the mind’ brand for personalized fashion across the globe” says Susmitha Lakkakula, Founder, Cloud Tailor

Cloud Tailor – Industry Details

Ladieswear Fashion – Market Size

The Women’s wear industry is a 185 Billion USD valued business per annum globally. The correct estimates of the Personalized fashion industry are not available since it is a completely fragmented market and there are no organized players in the market now.

As per the founder’s discussions with multiple fashion experts and market leaders in this domain, the team has estimated the market in India to be a minimum of INR 8000 Crores per annum driven primarily by domestic consumption. The overseas market order fulfillment in India is an extremely under-served market accounting for only 2% of all organized personalized fashion orders. There is a huge scope to present a brand and offer timely dispatches in the best possible price points to overseas customers for their personalized fashion requirements.

Also Read: How is AI being used in Fashion Industry

Cloud Tailor – Idea & Inspiration

The primary inspiration was the founders’ constant lookout for market segment gaps and under-served requirements. They excel at building an organized online solution to cater to offline requirements in society. The founding team saw a huge gap in the ‘Professional Services’ for personalized fashion, as Susmitha Lakkakula, and her husband, Rudra Pratap, faced a lot of issues trying to place orders to tailors, following up, and trying to reach them over the phone and in-person for updates and progress. The duo decided that it was time for someone to simplify this workflow and accept the challenge. Thus Cloud Tailor was born.

The first set of validators of Cloud Tailor were Industry veterans such as Mr. M C Cariappa (President, Marketing and Sales, Jockey India) and 10 boutique owners with whom the team did the idea-bounce back. All of them immediately suggested that they get started on the startup. Since they conceptualized the initial business plan and structure in Covid times in March 2020, Susmitha had to take police permission for vehicle pass to go around to meet fabric and sewing machine traders, talk to cutting masters, tailors, and other intermediaries to understand how the personalized fashion industry functions and the crucial cogs in the machinery. Susmitha went about doing online courses on fashion on Udemy and other portals. Rudra went about bringing the first UX and UI mobile app screens to life by personally sketching them. He then digitized them and hired a Flutter developer – Tarun Dak from Ahmedabad to bring them to life on Google Cloud, Firebase DB, and Flutter.

The first MVP app version in flutter was made live in the Play Store and iOS store in January 2021. To scale it to the next level, the team sought to onboard Mahesh Patel, who was then the National Head for eCommerce and online sales at Jockey India. He introduced Susmitha to M C Cariappa who was his boss. Mahesh loved the idea and scale possible and joined Cloud Tailor as Co-founder. M C Cariappa was the 1st full-time advisor to join Cloud Tailor.

The team decided to fire on all cylinders and put their personal savings together to get the professionally designed app UX and UI did by Lollypop.design. When Anil Reddy (Founder, Lollypop) listened to their vision and idea, he immediately agreed to help them build the best UI app for Cloud Tailor and also offered to personally design the ‘Cloud Tailor’ logo. The current app in development at its App and Cloud Development center in Hyderabad is being built around the researched UX and UI designs made by the same team at Lollypop.design, who had made Myntra, Paytm money, housing.com, Swiggy, Vodafone idea, and the Aditya Birla app among many others.

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Cloud Tailor – Product and USP

USP and innovation:
1. Only tech-enabled personalized fashion brand in India – Serving global women customers from India
2. Cloud Tailor app (Beta is live on Android and iOS) is the only mobile app that has a full fashion styling, learning, social sharing, order placement, tracking, and rewards program
3. It fulfills global orders for ‘Any Style – Any Design’ – Exclusively for women’s wear
4. The entire backend fulfillment and stitching/shipping also happens through the ‘Cloud Tailor Operations app’ and browser applications at its dedicated Cloud Tailor Fulfillment Centers
5. ML-based recommendation and upselling engine within the app
6. VR visualization of dresses styled by the customer or by the fashion designer within the app
7. Cloud Tailor has been running the Hyderabad Fulfilment Center for the last 5 months (as of Oct 2021) and is now scaling the Fulfilment center operations to Gurgaon, Kolkata, Bengaluru, Mumbai, Pune, Chennai, and Ludhiana in the next 4 months
8. This gives a never-before option to Cloud Tailor’s overseas customers to choose the city for the styling and stitching of their fashion
9. It is currently serving customers in 4 countries (US, Australia, UK, and Singapore) apart from India
10. The startup has a full-time team of app and cloud developers at its Hyderabad Software development office
11. Cloud Tailor is guided by a well-accomplished team of advisors from Jockey, Amazon, Geodis, GATI, and TESCO Retail in this rapid scale-up process
12. The Cloud Tailor customer app has been made by the lollypop.design team which has made the Myntra, Paytm money, Vodafone India mobile, housing.com, and Swiggy apps. bringing vast industry expertise into its app
Cloud Tailor

Key problems Cloud Tailor is solving:
- One-Stop-Shop for all personalized fashion – No more boutique hopping for different categories of personalized fashion
- Professional and Trained staff – Customer-centric app and offline interactions
- Tech powered organized solution in the organized boutique market across the world
- Overseas customers – One Stop Shop (aka mobile app) for all their personalized requirements
- Customers can now select their home – city (for local styling cues and nuances) for all stitching orders while being based in any country globally
- Guaranteed delivery dates – No more follow up with the tailor and No more repeated calls and anxiety
- On app fabric options to select and tag to the orders
- Huge opportunity for job creation for its on-app Fashion Designers (It limits to NIFT, NID, and Pearl Academy graduates and alumni for now)
- Dedicated ‘Fashion Designer’ for Cloud Tailor Gold club members
- ML-based recommendations of wardrobe shortlisting of styles – Shorten order decision cycles
- Save all measurements on the app and tag them to the profile – Checkouts will now be a breeze
- Doorstep measurements option in serviced pin codes for that exact fit as required
- Lifetime free alterations for its orders – No more hunting for alteration tailors
- Social Styling options – Share your designs and images on the Cloud Tailor app – Tag them on social as well – Let someone else order your style – Earn redeemable buttons
- On app ‘Loyalty Program’ – Cloud Tailor Buttons – Redeemable on order value
- Offer a professional work environment with good benefits to its staff
Cloud Tailor – Founders and Team

Susmitha Lakkakula, Rudra Pratap and Mahesh Patel are the co-founders of Cloud Tailor.

Susmitha is leading the company formation, strategy, USP, and product features. Rudra handles the mobile app and cloud part of the work and also the offline expansion and the details. Rudra and Mahesh Patel are friends and have known each other for the last 14 years Mahesh has a sharp business acumen has come from a business family in Gujarat. He is an expert at going to market, branding, online sales, and business partnerships at a global level. He immediately liked the idea to join as a co-founder when Susmitha and Rudra both had gone for his housewarming in Bengaluru in January 2021.

Cloud Tailor – Founding Team

Susmitha Lakkakula | Founder & Full Time into Cloud Tailor
- Masters in software engineering: BITS Pilani (Software Engineering)
- EPBM – IIM Kolkata
- MSc – Information Science: Osmania University
- Work Experience: Wipro Technologies/ Quantum/ Dell/ Quest (Total 19 Yrs)
Rudra Pratap | Co-Founder, Cloud Tailor
- Masters in software engineering: BITS Pilani (Software Engineering)
- EPBM – IIM Kolkata
- BCA – Utkal University
- Diploma in Advertising and PR: NiA
- Work Experience: Wipro Technologies/ Reliance / Aliens Real Estate/ Cosyn/ raksan (Over 19 years experience)
Mahesh Patel | Co-Founder, Cloud Tailor
- Bachelors in Hotel Management, Sunway College University, Kuala Lumpur
- Executive MBA, NIMT
- Work Experience: Jockey (Page Industries), Shop CJ, Reliance, Spencers, Aditya Birla Retail
Cloud Tailor Team

Currently, Cloud Tailor has a total of 8 Full-time employees and 4 part-time employees. The founders are very selective in hiring as they need to be sure that the person will be able to don multiple hats when required, is flexible to adapt to a startup, and think like an entrepreneur when it comes to the customer.

Cloud Tailor – Name, Tagline and Logo

The founding team had initially booked ‘bookmytailor’ as the name of the brand and also got it Trademarked. Eventually, they realized that it did not signify the Technology depth of the startup and also the aspect of workflow happening virtually and seamlessly. Hence they brainstormed for over 3 days and found that ‘Cloud Tailor’ was an apt depiction of what they intended to be perceived as by their customers. It also had a nice ‘Cloud’ connotation to it which signifies both the ‘Cloud virtual part’ as well as ‘the cloud nine’ significance which meant satisfaction and happiness.

When they approached Lollypop team, Anil himself volunteered to design the logo. There were multiple iterations and logo designs they ran through over 45-60 days and eventually zeroed in on the one. The founders went ahead and trademarked the ‘Cloud Tailor’ word mark and this has been registered to as well.

Cloud Tailor Logo

The tagline: ‘You Design, We Stitch’ also signifies the importance of the customer in the whole process and also that the customer is a part of the whole cycle. Mita, Rajesh, and Anil from the Lollypop team played a crucial role in sharing options and also shortlisting the logo options down to the last 3.

Illustration of various Cloud Tailor Designed

Cloud Tailor – Business Model & Revenue Model

Cloud Tailor offers a simple and reliable tech-based solution for personalized fashion solutions for global women.

Cloud Tailor Revenue Model

Cloud Tailor’s revenue model is driven by 4 sources:
- Hyper Personalized Fashion: Style – Order – Track – Socialize. Repeat. ML-based recommendation engine
- Ready to Fit: The Tatkal version of ‘Personalized Fashion’. Tag your saved measurements >> Select ‘Ready to Fit’ SKU >> Place Order (dispatch in 24 hours)
- Accessories: Select from the hand-picked accessories to match your fashion: Clutches, Tote Bags, Belts, Handbags, and many more
- B2B Clothing Line / Personalized Fashion Outsourcing: Dedicated styling/stitching unit setup to service other brands/boutiques anywhere in the globe
Since the startup operates across all styles and design segments in women’s wear, each order is unique and thus its prices depend on the order type, the accessories, the work and time required to complete the order.

Cloud Tailor – Launch and Marketing Strategies

The team at Cloud Tailor used WhatsApp marketing and created small flyers on Canva and posted them in the gated community Whatsapp groups. They had their first order on the 2nd day of the first post. After that, the startup had a constant stream of orders and also because the team generated a lot of goodwill with the experience of their first critical set of customers whom they took special care of.

They also did a small budget Google Analytics campaign for the US, Australia, and the Middle East to place its brand amongst the target group there. Apart from Whatsapp, they also used Facebook marketing with boost posts. Initially, the team also ran branding runs on the boosting on FB and Instagram.

“We will still attribute our earliest quick success to the importance of closed WhatsApp groups of residents/ladies for maximum impact” – Susmitha added.

Cloud Tailor hired a social media agency in July 2021 and like any online marketing hack, social media planning takes time and patience. The startup plans to do Customer Testimonial reels, Live comments, user stories, and process reels on how Cloud Tailor’s app enables easier and faster order design and placement. It Social calendar is also made and executed by the social team. Another important thing that the startup did, was to hire Social media interns from MBA colleges who would track the trends and act as growth hackers for the startup.

The startup is in talks to use popular apps with specific partnerships for coupons and branding. It is currently running a tight ship and is diligent in its spend for the agency and interns process. The startup would enhance the team strength and build more branded content in due course in a planned manner.

Cloud Tailor has grown mostly by customer word of mouth and repeat sales – since there is no other brand around who provides a similar service and a mobile app. Hence its best ROI was in spending time with its existing customers and nurturing their trust to be able to build credible support and core referral and brand ambassador group.

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Cloud Tailor – Challenges Faced
1. Being Software Engineers by career and training: The founding team learned basics of fashion, garments, styling, sketching, fabrics, machinery, repairs, manpower requirements
2. Learning the fashion domain intricacies and nuances during COVID time with an infant at home and pre-teen
3. Placement and ROI of fulfillment centers
4. Overseas cities where they can scale for orders
5. Differentiation factor communication to customers
6. Keep increasing repeat order comfort with existing customers
Cloud Tailor – Advisors & Mentors

Cloud Tailor – Advisors

Cloud Tailor – Achievements & Milestones

Cloud Tailor’s biggest achievement – Highest Order Value from Single customer so far in Sep 2021: Rs. 51000 (From a repeat customer in the US, Houston). This shows the potential and scale the startup can grow to.

Some of the Current Milestones achieved by Cloud Tailor are –
1. Beta versions of Android and iOS apps LIVE
2. Hyderabad Fulfillment Center Operationally break-even within 4 months of commencement
3. M C Cariappa, President (Jockey – Page Industries) joined as a full-time advisor
4. Abhishek Dwivedi, Head (TESCO – Soft Development) joined as a full-time advisor
5. Harry Lagad, Regional Director (GEODIS) joined as a full-time advisor
6. Chirag Bhuva, Leader – Asia Pac, Amazon Business Customer Services joined as a full-time advisor
7. Started Software Development Office in Financial District, Hyderabad with 2 Full-Time Developers on payroll
8. Full System Architecture on AWS with API interfaces and ML-based systems designed and approved by the team – Development in progress
9. Achieved 70% customer repeat orders every month due to the convenience
10. Average Order value in Aug 2021: Rs. 3000
Cloud Tailor – Funding

The team has bootstrapped Cloud Tailor through the current scaling stage and is currently raising funds to scale it faster, build the app and cloud development teams, set up 2 company-owned fulfillment centers and 6 partner-owned-operated fulfillment centers.

Cloud Tailor – Competitors

Cloud Tailor is an only tech-enabled personalized fashion brand in India – Serving global women customers from India.

Cloud Tailor – Tools used to run startup

Few tools which Cloud Tailor uses to run the startup –
1. Zoho books – accounting
2. Canva – posts design
3. AWS – Stateless Architecture – Lambda, EC2, Cognito, Jitsu, Pinpoint, Postgres, API Gateway
4. Knowlarity: IVRS
5. Razorpay Payment Gateway
6. Razorpay Payroll
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Cloud Tailor – Future Plans

Short term goals [end 2022]:
1. 1 million MAU
2. INR 2 Crores in ARR / GMV
3. Stable Ver 3 of Cloud Tailor app and backend operations apps
4. Fulfillment centers in 4 cities
5. Brand Interaction Signature kiosks/centers in 4 cities
6. 3 B2B partners for ‘managed backend fulfillment’
Cloud Tailor Projected Growth

Long term goals [by 2025]:
1. 10 million MAU
2. INR 100 Crores in ARR
3. VR View of fashion styled
4. Fulfillment centers in 7 cities
5. Aggregated Partner operations in 7 Tier 2 cities
6. Brand Interaction Signature kiosks/centers in all 7 cities
7. 10 B2B partners for ‘managed backend fulfillment’
Cloud Tailor – FAQs

What is Cloud Tailor?

Cloud Tailor is a D2C mobile app that enables Personalized fashion styling, fashion visualization, recommendations, order placement, tracking, and fulfillment. Its unique asset-light ‘Online + Offline’ global fulfillment business model ensures the best quality and price outcome for personalized fashion in guaranteed timelines.

Who founded Cloud Tailor?

Susmitha Lakkakula, Rudra Pratap, and Mahesh Patel are the co-founders of Cloud Tailor.

Is Cloud Tailor funded?

No. Cloud Tailor is a bootstrapped startup.

What is the tagline of Cloud Tailor?

Cloud Tailor’s tagline – ‘You Design, We Stitch’ signifies the importance of the customer in the whole process and also that the customer is a part of the whole cycle.
October 5, 2021

Startup Name	Cloud Tailor
Founding Team	Susmitha Lakkakula, Rudra Pratap, Mahesh Patel
Headquarters	Hyderabad
Industry	D2C Fashion
Website	cloudtailor.in

Ozonetel: Disrupting The Cloud Telephony Market Through AI

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 Ozonetel.

The internet has showered us with myriad useful tools, cloud communication being one of them. Cloud telephony is all about internet-based voice and data communication where telecommunication applications, switching, and storage are hosted by a third party that falls outside the organization using these. Cloud telephony is among the latest tech that moves your business phone system to the cloud, allowing you to manage your business calls without compromising on quality and cost.

An emerging player in this domain is Ozonetel Communications—a cloud software solution that replaces your conventional business telephone setup with their VoIP services and widgets. Get an insight on Ozonetel Communications Success Story, Revenue Model, Growth, How it began?, Acquisition and Future Plans.

Transform Customer Experience with Ozonetel Communications

Ozonetel – Company Highlights

Startup Name	Ozonetel
Headquarters	Hyderabad
Founders	Murthy Chintipalati
Sector	Cloud Telephony
Founded	2007
Website	Ozonetel.com
Parent Organization	Ozonetel Communications Pvt. Ltd.

Ozonetel Communications – About

Ozonetel is a pioneer in providing on-demand cloud communication services in India. The full-stack customer experience software was built from the ground up to solve the practical problems that keep call centers worldwide from making the most of their communications platform. It is mainly known for developing and launching the first cloud-based customer experience platform in the Indian marketplace.

Ozonetel Communications – Solutions/Services

The solutions offered by Ozonetel are KooKoo CloudAgent and KooKoo Interactive Assistant.

KOOKOO CloudAgent

It is a call center software solution functioning as an inbound and outbound call center. CloudAgent shifts a company’s entire contact center and related setup into a single browser, making it easier for the workforce to monitor, track and make critical decisions. Equipped with business intelligence, the KOOKOO CloudAgent ensures that businesses provide a world-class experience to their customers. It provides a platform for them to engage with their customers through multiple channels such as voice, email, chat, SMS, and social media.

Ozonetel’s inbound call center solution is bundled with the following features:

CRM Integration.
IVR flexibility: The KOOKOO speech API lets users speak to the IVR instead of punching numbers.
ACD software distributes calls, SMS, emails and social media messages based on customer needs and agent skill set.
Improves agent productivity time and cost per ticket.
Improves speed of resolution.
Exceed SLA’s, boost CSAT.
Reduces call queues by live monitoring.

Ozonetel’s outbound call center solution comes with interesting features:

Clients can choose from multiple power dialers as per their business needs. Ozonetel offers both progressive and predictive dialing modes. These dialers can double agent productivity.
Remote dialing.
Improves agent productivity.
Reduces unproductive work.
Burns through the call list.
Easy integration with third-party solutions.
Data to be dialed can be prioritized based on various parameters.
Supervisors can monitor the agents on a real-time basis.
Outbound IVR lets send personalized automated messages to a large database.
Number Masking to protect consumer privacy.

Ozonetel provides more than 70 reports that give a detailed picture of the call center operations. Currently, Ozonetel has ready-made implications for the major CRM solutions as well as social media integration with Facebook, Whatsapp and Shopify.

KOOKOO Interactive Assistant (KIA)

A first-of-its-kind widget enables customer service help desks to run voice calls and chat sessions in parallel. The KIA widget integrates with Zendesk, Salesforce, Zoho CRM, and all other CRM solutions to automatically capture lead details.

By integrating the Kookoo interactive assistant with its website, a company gets the following benefits:

Customers browsing the company’s site can instantly contact agents through a click.
On-call agents can send critical details to the customer through the live chat window.
Visual IVR lets customers connect to agents in the right department.
It automatically captures customers’ details in the CRM.

Ozonetel Communications – Teams

Murthy Chintipalati, Atul Sharma, Chaitanya Chokkareddy and Rajiv Bharathan are the people behind the technology of Ozonetel Communications.

Murthy Chintipalati is the Founder and CEO of Ozonetel. He started Ozonetel along with his co-founders by leveraging the core strengths of his team to solve the most pressing enterprise communication challenges. Even after a decade leading Ozonetel, he ensures being available in real-time to address his clients’ needs. He has been a serial entrepreneur for 25 years and is vested in starting his own initiatives in the software, hardware, semiconductor, systems spanning networking, security, telecom, embedded systems, and applications segments.

Atul Sharma is the Chief Technology Officer of Ozonetel. He is responsible for identifying the right technology for the platform, making it future-proof and highly scalable while keeping the overall cost affordable for the clients. He is also responsible for managing and driving the technology team for network, telecom, application, security, operations, delivery, pre-sales. He brings deep domain knowledge of self-service applications & Customer Interaction Management to bear on the solutions Ozonetel delivers.

Chaitanya Chokkareddy is the Chief Innovation Officer of Ozonetel. He works with the latest technological breakthroughs and sees what innovative products can be built on top of them. This includes grid computing, cloud computing, cloud telephony, WebRTC, No SQL databases, and now AI. He makes sure that the right technology can be used in the Ozonetel stack at the right time. He has more than 15 years of experience working with the latest tools and loves bringing the latest research to life and applying it to this industry.

Rajiv Bharathan is the Sr. VP of Sales at Ozonetel. He collaborates closely with clients to find the best solutions to their call center challenges. Since 1980, He has worked in sales across IT and Telecom with major companies like HCL, HP, Wipro, and Reliance Communications. He has been with Ozonetel since 2012. He is passionate about being in the thick of the action from landing new accounts to helping existing customers get more out of their platform.

Ozonetel Communications – Vision and Mission

Ozonetel Communications provides a cloud communication software suite as a service to their customers. The company envisions making business communication seamless, intelligent, cost-efficient and easily available. Its mission is to provide a scalable multi-channel communication platform on the cloud to enterprises & entrepreneurs on the OPEX/ transaction model, enabling them to provide value-added communication services to their customers.

Ozonetel Communications – How It Began?

Murthy Chintipalati, Atul Sharma, Chaitanya Chokkareddy had come back from the US and wanted to get their hands in entrepreneurship. They recognized that when businesses were in the initial stages of setup, they’d been extremely serious about the company website but would rarely focus on setting up the right business phone system. In fact, many businesses did not even have a proper business phone system. The trio realized that it was happening because setting up a business phone system wasn’t as easy as ABC. They then decided to make the process of “setting up a business phone system” as convenient as “setting up a business website”. With that in mind, Ozonetel Communications first launched the KOOKOO cloud telephony platform followed by CloudAgent, the world’s first cloud contact center solution.

Ozonetel Communications – Name and Logo

Ozonetel wanted to be a layer around telephony, thus come out as the amalgamation of Ozone (layer) and Tel (telephony). The name KOOKOO was conjured in a jiffy (the team wanted a name with lots of vowels, like Yahoo!).

Ozonetel Logo

Ozonetel Communications – Startup Launch

Murthy Chintipalati, Atul Sharma, Chaitanya Chokkareddy launched their product at the Unplugged Conference. Their marketing strategy at the time revolved around blogging and networking at startup events. Word-of-mouth feedback from satisfied customers played a major role.

Ozonetel Communications – Revenue Model

Ozonetel Communications is a SaaS company and has a “per agent/per month” revenue model.

Ozonetel Communications – Funding

Ozonetel has not raised any funding to date. It is a Bootstrapped Company. Bootstrapping means building a company from scratch with no outside funding. All the fundings are invested by the owner itself.

Ozonetel Communications – User Acquisition and Growth

Ozonetel’s only hack has been customer happiness. Interestingly, the company does not spend anything on marketing. Most of its leads are generated through blogs and word-of-mouth publicity.

With over 1500+ enterprise clients across 20+ verticals, Ozonetel’s KOOKOO platform supports over 50,000 live agents and has handled over 3 billion calls.

Ozonetel Communications currently serves in India, the USA, UAE and South East Asia. Reputed brands like Food Panda, Practo, Big Basket, Uber, WeWork, Medlife, HUL, Healthcare at home, and Zomato are some of its top clientele.

Ozonetel Communications – Startup Challenges

The major challenge Ozonetel faced early on its journey was technical in nature. It couldn’t guarantee on-call quality with the store-bought PRI cards; it overcomes this obstacle by designing custom PRI card hardware.

Ozonetel Communications – Competitors

Some of the Top Competitors of Ozonetel are:-

Knowlarity
ZipDial
Sytel
Sunoray
Ameyo
Capzest
BigV Telecom
Fonebell
Spark TG Info

Ozonetel considers US-based Twilio as a source of inspiration aside from the competition. The venture tries to stay ahead in its segment through innovation. Ozonetel launched the world’s first cloud contact center product and is now bolstering its existing solutions by incorporating AI.

Ozonetel Communications – Mergers and Acquisitions

Ozonetel acquired Yantrasoft, a speech recognition company, in 2014.

Ozonetel Communications – Future Plans

Ozonetel is looking forward to disrupting the contact center industry through AI-based techniques.

Ozonetel Communications – FAQs

What is Ozonetel?

Ozonetel is India’s No. 1 contact solution provider. It is a cloud-based telephony service provider that enables businesses to communicate with their clients effectively and efficiently via all the channels, i.e. chat, email, social media, call, SMS, on one platform with no capital investment. The solutions offered by Ozonetel are KooKoo CloudAgent and KooKoo Interactive Assistant.

How does Ozonetel make money?

Ozonetel Communications is a SaaS company and has a “per agent/per month” revenue model.

What is cloud communication?

Cloud communications are Internet-based voice and data communications where telecommunications applications, switching and storage are hosted by a third-party outside of the organization using them, and they are accessed over the public Internet. It is a totally fresh approach to building, deploying and scaling enterprise communication systems. Cloud communications have the potential to reduce expenses and provide higher quality services.

How are customers finding value in Ozonetel’s products?

Ozonetel helps contact centers go live in a day with a reliable platform that improves customer experience and agent productivity at a lower total cost.

How does Ozonetel see the road ahead in cloud telephony technologies?

Ozonetel is going to be about omnichannel and AI in the coming future. Customers can reach out to businesses on multiple channels like Whatsapp, email, chat, SMS, video, etc. and will expect a quick resolution.

July 16, 2021

SignalX Startup Story: AI-powered Risk Intelligence 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 SignalX.

With a vision to build a global counterparty verification platform catering to risk intelligence requirements across industries, Govind Balachandran, Zakir Wahab, and Piyush Arora founded SignalX. SignalX is an intuitive AI-powered Risk Intelligence platform that runs comprehensive risk assessment & credibility verification on any given target – individual or a corporate entity, in just 48 hours. In just 3 years, SignalX has served over 200+ risk and compliance professionals across various domains.

StartupTalky had an Exclusive Interaction with Govind Balachandran, Co-Founder & CEO of SignalX to get insights on the Startup Journey of SignalX. Also to know the business model of SignalX, its funding status, How SignalX started, its future plans & more.

SignalX – Company Highlights

Startup Name	SignalX
Founders	Govind Balachandran (CEO), Zakir Wahab (CFO), Piyush Arora (CTO)
Headquarters	Hyderabad
Founded	2018
Total Funding	$750K (Seed)
Industry	Regtech, Compliance, Due Diligence, Risk Assessment
Website	signalx.ai

SignalX – About and Vision
SignalX – Industry Details
SignalX – Founders and Team
How SignalX Started?
SignalX – Product/Services
SignalX – Name Meaning & Logo
SignalX – Business Model and Revenue Model
SignalX – Startup Launch
SignalX – Startup Challenges Faced
SignalX – Marketing Strategy
SignalX – Growth
SignalX – Funding and Investors
SignalX – Competitors
Tools used by SignalX to run startup
SignalX – Awards and Achievements
SignalX – Future Plans
SignalX – FAQs

SignalX – About and Vision

SignalX is an intuitive AI-powered Risk Intelligence platform that runs comprehensive risk assessment & credibility verification on any given target – individual or a corporate entity, in just 48 hours. It provides detailed financial, legal, compliance, and reputational analyses on potential clients, vendors, business partners, investment targets, and all counterparties and third parties. SignalX enables businesses to build trust and transact faster. The platform is used by Risk, Audit, Valuation, Compliance, and Forensics teams across industries.

The long-term vision of SignalX is to build a global counterparty verification platform catering to risk intelligence requirements across industries.

“We want to evolve and be recognized as a trusted RegTech and Compliance brand across the globe.” says Mr. Govind Balachandran, Co-Founder & CEO, SignalX

SignalX – Industry Details

In a broader sense, SignalX operates in the domain of credibility verification and risk tech technologies which cuts across Regtech, Fintech, LegalTech, ComplianceTech, GRC, and more. There have been massive investments by the Big4, Compliance Firms, and Law Firms into forensic technologies. GRC as a domain is expected to be at 60B USD over the next 5 years. The team at SignalX is hoping to play a meaningful role in this space.

SignalX – Founders and Team

Govind Balachandran (CEO), Zakir Wahab (CFO), and Piyush Arora (CTO) are the founding team of SignalX. Govind looks after the sales, marketing, and delivery ops of the business. Zakir looks into finance, compliance, hiring, and other ops. Piyush looks into product and engineering.

“We have been working together for many years now. It was a no-brainer decision to start together. We met each other through our previous ventures” Govind added.

Govind Balachandran | Co-Founder & CEO, SignalX

SignalX founder and Ceo — Govind Balachandran, Co-Founder, and CEO of SignalX

Govind Balachandran has over 7 years of experience in marketing and product development. At SignalX, his prime focus is on growth and New Business acquisition. Previously, he was the Director at Nebulae Software. He also co-founded Kaddy Analytics, a cloud-based analytics platform for stakeholders in the education system. Govind has devised enterprise solutions for forensic and fraud analytics, Edtech, and HRTech verticals and has worked with various Series A and Seed-Stage startups, playing a key role in their growth and product development. Govind holds a Bachelor of Technology (Honors) in Mechanical Engineering with a Minor in Economics from IIT Hyderabad.

Zakir Wahab | Co-founder & CFO, SignalX

Zakir Wahab is a serial entrepreneur & a co-founder/CFO at SignalX. He is an alumnus of Andhra University, is an early-stage investor, and brings immense experience across the fields of finance, strategy & e-governance.

Piyush Arora | Co-founder & CTO, SignalX

Piyush Arora heads the technology team at SignalX. As co-founder & CTO, he also looks after product growth & engineering. Piyush is an alumnus of IIT Hyderabad and previously worked at Qualcomm.

SignalX founders and team — SignalX Team

How SignalX Started?

It started out wanting to build a simple tool that can help in assessing the credibility of counterparties. The team had known first hand, the challenges faced by risk and forensic teams and their expectations from technology. SignalX has been focused on this objective from day 1 and over time, through many iterations, today it is one of the most comprehensive risk intelligence platforms with analytics that helps you make risk decisions faster and accurately.

SignalX – Product/Services

SignalX runs its proprietary machine learning algorithms to gather data through sources that are publicly available like datasets managed by government agencies, regulators, media journals, and other third parties. Its algorithms assure reduced false positives and ensure the efficacy and accuracy of an extensive research process. SignalX also generates and shares reports with clients in just 2 days, which gives them the edge of speed for the next steps and reduces the extremely tiresome and tedious process of diligence.

SignalX – Name Meaning & Logo

The core value proposition of SignalX is to offer risk signals pertaining to any target whose name is given to the platform – an individual or an entity. Hence the name SignalX.

SignalX Logo

SignalX – Business Model and Revenue Model

SignalX offers multiple pricing options. Its pay-as-you-go model is quite popular. However, most of its users prefer a subscription service.

SignalX – Startup Launch

“We’ve been creating content on our blogs from day 1. Inbound has been a strong channel for us. Customer referrals are another channel that continues to bring us leads. We have had a strong focus on customer service and retention from the very beginning” says Govind.

SignalX has a strong focus on organic traffic. Some of the content the team created about a year back is performing better month on month. The company is continuously driving improvements to these assets. The brand is a key element for SignalX going forward. A risk intelligence platform must be comprehensive, thorough, auditable, and credible. These are some of the values that the customers expect from the company. To develop its PR channel, SignalX has signed up with SSPR.

SignalX – Startup Challenges Faced

Having bootstrapped the firm for the first two years, it was required to develop cash flows from month one. Being a new firm in the market, it is very tough to build trust and credibility. Being bootstrapped also makes one conscious of not undercutting the pricing such that it’s not profitable to operate. Early on, the team had to deal with situations where they had to develop trust with clients to get them to give SignalX business. Today SignalX has worked with over 200+ compliance and risk teams. So, it’s much easier to represent itself in front of newer clients.

The pricing strategy was one of the items that took quite a bit of iteration. The iterations are also difficult since it creates discrepancies between newer and older customers. However, since SignalX has been able to deliver strong value, it has been able to work with the customers in updating the pricing.

SignalX – Marketing Strategy

SignalX is heavy on Organic and Referrals. Email marketing is something it incorporates a lot. The company has received some of the best throughputs from the long-form content it created on its blogs a while back. “We’re still driving continuous improvements on this front” Govind added.

SignalX – Growth

SignalX has served over 200+ risk and compliance professionals across various domains. Its solution has made a mark in Section 29A (IBC) due diligence requirements in the Insolvency & Bankruptcy domain. Its product is also used by the forensic teams at some of the Big4’s.

The company’s goal is to build a global counterparty risk intelligence solution that can cater to requirements from across industries, law enforcement, governments, and more. It is adding newer use cases to the platform every quarter. SignalX recently launched Supplier and Partner Risk Intelligence modules to help supply chain or distribution heavy businesses to assess legal, financial, reputational, and compliance risks associated with counterparties.

SignalX – Funding and Investors

Being bootstrapped since its inception in 2018, SignalX received seed funding from 3Lines VC, 9Unicorns, and Hyderabad Angels for $750k in September 2020.

Date	Stage	Amount	Investors
Sept 2020	Seed Fund	$750k	3Lines VC, 9Unicorns, Hyderabad Angels

SignalX – Competitors

SignalX’s competitors include RDC, Bloomberg, Dun & Bradstreet, Exiger, DueDil, DDIQ, and others.

Tools used by SignalX to run startup

Few tools which SignalX uses to run the startup are – Hubspot, ActiveCampaign, Jira, Hootsuite, etc.

SignalX – Awards and Achievements

SignalX got recognized by the Government of Telangana
Winners of EmergeX, Microsoft in the domain of Emerging Technologies

SignalX – Future Plans

SignalX will continue to add more use cases to its platform to cater to a wider set of requirements. The team will be strengthening the ML to bring best-in-class technology for risk professionals. SignalX will also be expanding its database coverage across borders and also forensic analytics to improve fraud and risk signal detections. “We have some exciting features coming up that look at how we fundamentally address credibility verification and manage the risk process.” says Govind Balachandran, Co-Founder& EO of SignalX.

SignalX – FAQs

What is SignalX?

Who are the founders of SignalX?

Govind Balachandran (CEO), Zakir Wahab (CFO), and Piyush Arora (CTO) are the founding team of SignalX.

How much funding has SignalX raised?

SignalX received seed funding from 3Lines VC, 9Unicorns, and Hyderabad Angels for $750k in September 2020.

Is SignalX Indian Company?

Yes. SignalX is an Indian company headquartered in Hyderabad, India.

Who are SignalX’s competitors?

SignalX’s competitors include RDC, Bloomberg, Dun & Bradstreet, Exiger, DueDil, DDIQ, and others.

How does SignalX source data for analysis?

SignalX sources its data from datasets managed by government agencies, regulators, publicly available media, and various other third-party datasets. SignalX runs its proprietary machine learning algorithms to reduce false positives and infer meaning. SignalX does not look into any data points that are not made publicly available by the target company or by other parties either through the media or in their regulatory filings.

July 13, 2021

Tag: hyderabad startups

List of Leading Startups in Hyderabad in 2022

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1. SFarmsIndia

Founder: Kamesh Mupparaju and Linus Lindgren

Industry: Agri-Realty

Year Founded: 2018

Funding Received: $50k

2. eKincare

Founder: Kiran Kalakuntla

Industry: Healthcare Tech

Year Founded: 2014

Funding Received: $20.7 million

3. My Dream Store

Founder: Karthik Venkat

Industry: Online Clothing

Year Founded: 2014

Funding Received: $320k

4. MastiTickets

Founder: Ravi Narla

Industry: Ticket Booking

Year Founded: 2014

Funding Received: –

5. REVOS

Founders: Mohit Ranjan and Jyotiranjan Harichandran

Industry: Tech Startup

Year Founded: 2017

Funding Received: $4 million

Grow your business using WhatsApp

6. Psynapce

Founders: Raji Harish, Rajesh Kumar, and Girish Patinharepatt

Industry: Health Tech

Year Founded – 2017

Funding Received: NA

7. Darwinbox

Founders: Rohit Chennamaneni, Chaitanya Peddi, and Jayant Paleti

Industry: HR Tech

Year Founded: 2015

Funding Received: $107 million

8. Popicorn

Founder: Prashanth Gowriraju

Industry: Food

Year Founded: 2016

Funding Received: $3.4 million

9. Zippr

Founder: Aditya Vuchi

Industry: Tech Startup

Year Founded: 2013

Funding Received: $8.6 million

10. NowFloats

Founders: Ronak Kumar Samantray, Neeraj Sabharwal, Nitin Jain & Jasminder Gulati

Industry: SaaS

Year Founded: 2012

Funding Received: $17.4 million

11. HealthSutra

Founder: Sai Krishna Popuri

Industry: Food Products

Year Founded: 2013

Funding Received: $1.7 million

12. TinMen

Founder: Mukesh Manda

Industry: Food Delivery

Year Founded: 2015

Funding Received: 406.3k

13. Bharat Biotech

Founder: Krishna Ella

Industry: Biotechnology

Year Founded: 1996

Funding Received: 14.1 million

14. Cyient

Founder: B. V. R. Mohan Reddy

Industry: Computer Software

Year Founded: 1991

Funding Received: $15 million

15. GrabOn

Founders: Ashok Reddy and Bhanu P Raju

Industry: Coupons and deals

Year Founded: 2013

Funding Received: $250k

16. Neeman’s