A traveller, a tourist and a first-time backpacker. These three have something in common despite their differences in experience. They all want a peaceful night to stay after having a long walk to someone’s dream place or to a normal visit or a trip. The business of giving people home or a place to stay dates back to AD 707.
The hospitality business is one of the indestructible industries wherein famous chains have generations of families leading, in particular, the empire built by people through hospitality. Hotels are the face of this industry. There are buildings that provide people with a place to stay with the utmost comfort. They make people feel cosy in corners not owned by them, yet have rights over them.
Thehotel industry was once owned by the owners with no regulatory bodies on the top of their heads. They had their own business model. But the new generation turned the system into a marketplace that involved filters of the various layers. The whole system was immediately converted into a well-oiled machine. A new system that sided with the huge Indian population.
This huge system turnover was brought by a 22-year-old Indian Boy named Ritesh Agarwal.
The Tourism and Hotel Industry in India is one of the main drivers of growth among the services sector of the country. The tourism industry in India has significant potential as it has rich & diverse culture, historical heritage, a vast range of ecology, and flora and fauna. Indian is known for its geographical diversity, attractive beaches throughout the coastline, 27 world heritage sites, 10 biogeographic zones, 80 national parks and more than 441 sanctuaries.
According to reports, over 39 million jobs were created in the tourism sector which equates to over 8% of the total employment in India. By 2029, the country’s tourism sector is expected to grow 6.7% to reach $488 billion, which will account for 9.2% of the country total economy. The industry has slowed down due to the Covid-19 pandemic in 2020 and 2021, as the country had many lockdowns and restrictions on travel.
As per the Federation of Hotel & Restaurant Association of India (FHRAI), the Indian hotel industry had a loss of approximately $17.82 billion in revenue due to the ongoing pandemic. Despite taking a hit, the industry is looking to come back up with the help of schemes and opportunities provided by the government. The Indian Government is providing free loans to the MSMEs to help them deal with the crisis and revive the tourism sector.
It is also planning to tap into a staycation, which is an emerging trend where people stay at luxurious hotels to revive themselves of stress in a peaceful getaway. With many upcoming developments, the international tourist arrivals are expected to reach 30.5 billion and generate revenue of over $59 billion by 2028. OYO and Airbnb have in many ways helped the industry grow especially in 2020 and 2021, as domestic tourists are expected to drive the growth post-pandemic.
OYO Vs Airbnb – Experience in Industry
Ritesh Agarwal, Founder & CEO of OYO Rooms
When it comes to trust, experienced companies are trusted more.
Ritesh Agarwal, the founder of OYO, formed the most famous chain of leased and franchised hotel chains. We Indians often refer to it as a place to look for the best deals for hotels, The Oyo Rooms. Oyo Rooms started 7 years ago with a bunch of hotels. The company has now expanded globally with thousands of hotels and vacation homes. Oyo Rooms was started in the year 2013.
Ritesh is the second youngest self-made billionaire in the world.
Airbnb’s Founders
Airbnb was conceived years ago by two roommates who rented out an air mattress in their living room. This turned their whole apartment into a bed and breakfast. This was done to sustain the high-priced living in San Francisco. This gave the company its name Airbedandbreakfast. Airbnb was started in 2008.
So the winner here is, Airbnb, which has a lot of experience.
Both the companies share a common goal, i.e. to provide accommodations, a safe place and comfortable corners to people. Yet both the companies have a very different working business model.
Oyo is often believed to be India’s answer to Airbnb. This article will take you through the different business models and things that are uncommon between the two companies.
OYO Vs Airbnb – Front-end
OYO Rooms
OYO, as people know, is a website where one can go through various filters and find a hotel. But this is the front-end of how the Oyo company is. Oyo is a marketplace for only hotels.
Airbnb
However, Airbnb is a marketplace that helps a traveller find an abode of his type. It can be for lodging, primarily homestays and homestays. It also lets the provider of the property fix a price. This helps both sides as well as Airbnb. The company has recently started offering experiences too.
This shows a more varied and real-world applied concept. So, Airbnb has a better front-end.
OYO Vs Airbnb – Places to Stay
OYO Online Booking
Oyo used to get hotels and book a majority of the rooms for a definite time. It then standardizes the room according to the Oyo standards. Later, list the hotels on its website with huge and heavy discounts. The whole business model used to work by acquiring clusters of hotels for a definite time. Standardizing them and making them proper before listing.
Airbnb Online Booking
Airbnb is based on the sharing economy. It makes owners share the property or rooms they own with travellers who in turn share money with the owners. It is believed to be the most successful business that works on sharing economy. A two-faced system that works for the public.
OYO Vs Airbnb – Stay Duration
Oyo works on hotel stays, so an individual can stay there for a good amount of time. Oyo rooms have no particular rule about leaving a room after a set date. The whole system is similar to how one can stay in a hotel. But in Airbnb, there is a 90-day rule. This rule was introduced in 2017. This rule is only for areas in London. The listings in that area cannot be occupied for more than 90 days.
This makes Airbnb not suitable for very long.
Oyo had 5,855 hotels in its network in the year 2016 with an inventory of over 68 thousand rooms. If compared to today it has a portfolio of more than 35 thousand hotels and 125 thousand vacation homes. It has over 1.2 million rooms across 80 countries and 800 cities.
But, the founder and CEO of Oyo – Ritesh Agarwal made an announcement in the year 2017 that the company had evolved its Oyo business model to 100% franchise, managing, or operating. He also mentioned that his company would no longer go for hotel aggregation and will shift towards becoming a proper full-scale hospitality company. The CEO stated that this change in business model will reduce operational costs. Hence, improve service.
Oyo changed its business model to the Franchise model in the year 2017. The company earlier used to take up some rooms on lease and would sell them to customers. This model involves partnering with many hotels and asking them to operate as a franchise. Then selling their rooms to all the customers at competitive prices.
Airbnb, known for not owning any of the properties. Yet known for having a business that does work on providing shelter. All the company does is providing a platform. A platform on which all the people can rent out properties they own or spare rooms to guests. The property prices are set by the owner themselves. But the company intervenes when it comes to the collection of money.
The Business model of Airbnb is a multi-sided marketplace that connects all the travellers with the host and experience providers. The company makes money from the fees that come from bookings from stays and experiences. Airbnb’s model is exponential when it comes to growth.
Airbnb has a better business model in terms of customer comfort and reach.
Airbnb’s business model is quite simple yet very innovative which often dubs it as the world’s fastest-growing travel site.
Oyo charges around 22% of commissions. This has to be paid every month by the hotels’ owners. However, commissions may vary as per the services and features offered. Oyo also charges a commission out of the room reservation fee according to their services chosen.
Airbnb makes all the money through commissions. It charges a 3% commission on every booking from hosts and between 6 – 12% from guests. Unlike Oyo, Airbnb takes reviews and feedback from both ends. Be it the host or the guest, this makes it a proper marketplace.
Airbnb seems to have an upper hand at everything, making it a proper place to visit before actually vising one.
OYO Vs Airbnb – Customer Relationship Management (CRM)
Customer Relationship Management (CRM) is a tool that lets a company store customer and prospect contact information. It also helps the company identify sales opportunities, record service issues, and manage marketing campaigns. Depending on what type of CRM a company has, they can get basic information about their prospective customer and interact with them. CRM helps the company in better analyzing and understanding their customers, which will help them offer better and more efficient customer service. Airbnb and OYO have very different CRM strategies.
CRM of OYO
The CRM that OYO uses is Blueshifts Programmatic CRM, which has helped the company to become a leader in 1:1 customer engagement across all marketing channels. With Blueshift’s precise recommendations and targeted triggers, OYO has been able to achieve 5X higher bookings from email and mobile channels. The company also has a mobile-first approach which has helped it to expand in over 500 cities across ten countries.
CRM of Airbnb
The CRM that Airbnb uses is Twilio, which helps connect with hosts. How it works is, when a traveller makes a reservation through Airbnb, the host has 32 hours to respond to a booking request and this is possible because of its CRM. There is systematic mobile communication between hosts and travellers using a text message. The host can also decide whether they want to accept or deny the customer. The company also uses Hootsuite social media management, which helps them monitor their follower’s growth and social CRM. The system also helps the company to find certain keywords that can eventually be used in campaigns.
OYO Vs Airbnb – Marketing Strategy
OYO – Marketing Strategy
Oyo is known to use the 360-degree marketing method as it implies having a presence on all forms of digital and traditional media. They also have their unique room strategy which helps in attracting more customers with lower room prices in comparison to the base price of the hotel. Besides that OYO has made many successful multimedia marketing campaigns such as #AurKyaChahiye. It also shares location-based posts, promotional posts, which helps people to browse destinations to travel, check for new offers & discounts and encourage them to book OYO.
Airbnb – Marketing Strategy
Airbnb on the other hand uses the marketing approach to building and maintaining a strong community among its users. It also mainly targets long term loyalty from both the guests and hosts. The main marketing strategy of the company is to take your business in front of your potential guest and turn them into bookers. The customers who previously enjoyed their stay with Airbnb places are sent an email encouraging them to list their own property. Airbnb India aims to make its guests feel welcome, its app did the same, as it has a unified interface on Android and iOS platforms.
OYO Vs Airbnb – Social Media
OYO on Social Media
Over the years the company has leveraged the power of social media as it has been able to retain its ranking and stay ahead of OYO competitors in the market. OYO currently has over 169k followers on Instagram and 65.4k followers on Twitter, with actor Sonu Sood as its current brand ambassador. On all the social media platforms, the company promotes itself as being a brand that offers two types of services which are promoting tourist spaces and a safe space to spend time with your loved ones in your own city. OYO also uploads many ad campaigns like ‘Fir Badhega India’ and ‘Sanitised Stays’ that helps in engaging with their customers especially during the COVID-19 pandemic.
Airbnb on Social Media
Airbnb has a different approach to social media marketing as it heavily relies on awareness generating strategy. The company also uses travel influencers to further promote the platform as it does its social media relies on user-generated content (UGC). So far the company has over 4.9 million followers on Instagram and 733k followers on Twitter. It also has over 6.3 million photos using #airbnb on Instagram which shows us how widespread the company is. Airbnb also heavily invests in video marketing as a part of telling its brand story, it currently has more than 500 videos generating over 100 million views on YouTube.
Conclusion
In a nutshell, Airbnb and Oyo share the same kind of services, i.e. hospitality service. Moreover, Airbnb is a website for people to list, find and rent lodging whereas Oyo is a chain of budget and premium rooms partnering with different hotels. Oyo is all about providing a customer experience within a stipulated budget range while Airbnb doesn’t control the customer experience as such.
FAQs
What is the difference between Airbnb and Oyo?
OYO has more hotel rooms whereas Airbnb has more residential plots. In Airbnb, the apartment may have been misinterpreted, not so in the case of OYO as an audit is done every week.
Are OYO Rooms similar to Airbnb?
OYO’s business model is kind of similar to that of Airbnb, i.e. they are an online aggregator of budget hotels. Bookings for these rooms would be made via the website and the mobile app of OYO Rooms. However, the main focus is always is the quality of service provided.
How to give your property to OYO Rooms?
For OYO Rooms registration, you can write an email to partner@oyorooms.com or give a call to this number +91 70530 70530.
Is OYO successful?
OYO Rooms has been one of the most successful startups in India being the country’s largest budget hotel chain. It focuses on standardizing the hotels in the non-branded hospitality sector.
Is Airbnb better than Oyo?
OYO is better in terms of privacy and security. OYO assures quality service while Airbnb doesn’t guarantee anything from their end.
Indians are fixated on the startup culture. People are choosing entrepreneurship over mundane, 9-to-5 jobs. However, not everyone succeeds as an entrepreneur. A survey revealed that approximately 11% of the Indians are engaged in ‘early-stage entrepreneurial activities’. And only 5% of these early-stage entrepreneurs actually went on to establish their startup.
But keeping these statistics aside, some Indian startups have gone on to dominate their target segments. This post is dedicated to some of the most successful entrepreneurs from India whose ventures have revolutionized the daily life of millions, if not billions, across the globe. The path to name and fame wasn’t easy for them; it involved several trials and tribulations.
Ritesh Agarwal founded OYO rooms in 2015. He was the recipient of the TiE – Lumis Entrepreneurial Excellence Award (2014), became the first Asian to win ’20 under 20’ Thiel Fellowship (2013), was named one of the top 50 entrepreneurs by TATA First Dot Awards (2013) and became the world’s youngest CEO at the age of 17. Ritesh Agarwal, an Orissa boy coming from a business-oriented family, went to Kota to become an engineer.
But unlike other JEE aspirants, his passion caught hold of him and he did not take JEE preparation seriously. Instead, he wrote a book called ‘Indian Engineering Colleges: A Complete Encyclopedia of Top 100 Colleges’; the book became immensely popular on Flipkart.
He was just 16 when he was selected for the Asian Science Camp held at the Tata Institute of Fundamental Research (TIFR). With a penchant for traveling and having lived in tons of hotels, Ritesh observed a common problem at the places he stayed – the exorbitant price of the hotel room was not proportional to the facilities provided. He felt that majority of the hotels in India couldn’t satisfy the basic needs of a traveler on a budget.
Thus, he started Oravel Stays,his first venture in 2012. He improvised his business model and re-launched Oravel as ‘OYO’ which is short for ‘ON YOUR OWN’. Ritesh Agarwal became one of the most revered Indian entrepreneurs through OYO. At the age of 26 he became a billionaire.
Net worth of Ritesh Agarwal as of now is $2 billion. He became the second youngest billionaire after Kylie Jenner in the world.
An epitome of courage and wisdom, Shradha Sharma was at the top of her career while working with famous news media houses such as Times of India and CNBC (Mumbai). During her stint with these organizations, she noticed that no one was willing to promote and air the stories of entrepreneurs—both successful and not-so-successful. She figured out that there are millions of stories storming around but no medium to share them with the masses. Shradha decided to create YourStory, an online portal that hosts entrepreneurial stories and other share-worthy content.
YourStory was started in 2008 and has allowed over 70,000 stories to come to the fore. Shradha Sharma leads a team of 100+ people who work together to offer content in 11 Indian languages. YourStory’s aim is to provide a voice to the roller coaster of emotions that an entrepreneur goes through. Shradha Sharma is the recipient of the L’Oreal Paris Femina Award and has been included in the list of Worlds’ Top 500 LinkedIn Influencers. She is one of the most followed female entrepreneurs in India. Her channel has earned more than 26 million individual views.She is one of the most followed female entrepreneurs in India.Her net worth is of $1.3 billion.
Bhavish Aggarwal, an IIT Bombay alumnus, co-founded the most popular cab aggregator in India – Ola Cabs – with Ankit Bhati. He is the recipient of the Billionth award in 2013, Best startup of the year by IAMAL, and was listed in Forbes30 under 30 list. Bhavish revolutionized the idea of cab-hailing in India by making use of smartphones. Ola Cabs was different from the other cab services at that time in the sense that it leveraged smartphones and GPS technology; thus, it became easy for people to book cabs from anywhere, at any time. Bhavish Aggarwal left a well-paying job at Microsoft to work on Ola Cabs. No one supported his idea but it was his strong will, determination, and eagerness to take risks in life that led him to the pinnacle of success. Bhavish Aggarwal is counted amongst the most successful Indian entrepreneurs. According to Time magazine Bhavish Aggarwal is one of the 100 Most Influential People this year. His Net worth is $ 500 million.
Vijay Shekhar Sharma is the founder of Paytm, the cornerstone of digitized payments in India. Vijay is from Aligarh, India. A graduate of the Delhi College of Engineering, Vijay worked on several projects and at a small startup before taking the entrepreneurial plunge. He put in USD 2 million to get One97 up and running. One97 is the parent company of Paytm. The payments platform gave Indians access to a mobile wallet, the facility of making payments using QR codes, simplified bill payments, and a lot more. These features made Paytm wildly popular. In this manner, Vijay Shekhar Sharma became an inspiration to budding entrepreneurs all over the globe. He Won the Best Serial Entrepreneur Award at the Rural and Urban Development Summit and Awards 2022 presented by the Minister of State for Ministry of Housing and Urban Affairs, Government of India.
Deepinder Goyal and Pankaj Chaddah, founders of Zomato
Deepinder Goyal and Pankaj Chaddah revolutionized the food delivery segment in India through its first foodtech unicorn Zomato. The duo are IIT Delhi graduates. Zomato started out as ‘Foodiebay’ and was first launched in Delhi. It was later extended to Mumbai and Kolkata. Now, there is not a single place in India where Zomato doesn’t render its services. Zomato’s mobile app is its USP; the app has an excellent user interface that lets you order food from the restaurant/eatery of your choice and make hassle-free payments. In Jan 2020, Zomato acquired one of its competitors- Uber Eats in India for a valuation of $300 million. In July 2022, Zomato went public with its stock listing at a premium of 53% over its issue price and it commanded a market cap of Rs 43,000 cr as of Mar 2023. In 2018, Prakash Chaddah left Zomato to venture into different fields. Net worth of Zomato CEO Deepinder Goyal is estimated to be Rs 2,000 cr as of Mar 2023.
Kunal Shah graduated with a Bachelor of Arts degree in Philosophy from Wilson College, Mumbai, and briefly pursued an MBA from Narsee Monjee Institute of Management Studies before dropping out. Shah’s first startup was a company named Paisaback, which provided cash-back promotions for organized retailers. Kunal Shah and Sandeep Tandon are the founders of one of India’s most innovative business models – Freecharge. CRED is Shah’s second venture after he sold Freecharge to Snapdeal in 2015 for $400 million. He is definitely one of the most famous entrepreneurs in India.
Binny Bansal and Sachin Bansal, founders of Flipkart
Sachin Bansal and Binny Bansal are the founders of Flipkart. The e-commerce segment in India underwent a drastic change courtesy of Flipkart. Sachin and Binny found discrepancies while searching for products on Amazon’s online store. The duo realized that the USP of their e-commerce initiative would be the timely delivery of products complemented by a simplistic user interface that leveraged the latest technology. Both the founders have now stepped down from their positions in Flipkart after it was acquired by Walmart in 2018. Flipkart is still giving a tough fight to all the e-commerce platforms out there and continues to win the hearts of Indians. India Today ranked them 50 Most powerful people of 2017 list.
Deep Kalra is the founder of MakeMyTrip. The credit for the introduction of online train bookings in India goes to Deep Kalra. A graduate of St. Stephen’s College with an MBA degree from IIM Ahmedabad, Deep worked for GE Capital and ABN AMRO bank. But the office culture and 9-5 job couldn’t captivate him enough. With a $2 million investment from eVentures and his co-founders, Deep Kalra founded MakeMyTrip, (earlier known as ‘India Ahoy’) in the year 2000. The company was listed on NASDAQ in August 2010. After IRCTC joined the race, Deep diversified MakeMyTrip by introducing hotel bookings. MakeMyTrip has mergers with MyGola, TrulyMadly, and the ITC group, to name a few. Deep Kalra is the chairperson of the NASSCOM Internet Working Group, a member of the Executive Council of NASSCOM, and is part of CII’s tourism sub-committee. He was ranked no 1 in a list of most powerful digital influencers in India by KPMG in 2011. His net worth is $ 136 million.
BYJU’S has helped thousands of students who struggle with subjects such as mathematics and science crack some of the hardest entrance exams like the JEE, NEET, and UPSC, CAT, IAS, and international examinations such as GRE and GMAT. BYJU’S has dominated the online education vertical for quite some time now. Byju Raveendran is the founder of BYJU’S. He is an engineer who worked in a shipping firm and accidentally stepped into the field of teaching when he assisted his friends with their CAT exam. Raveendran’s friends cleared the exam with flying colors and this motivated him to take up teaching on a full-time basis. Byju Raveendran started BYJU’s with an initial investment of just INR 2 lakhs. The startup’s valuation has recently crossed $22 billion as of March 2022, and the company have over 115 million registered students.In January 2022, the company joined Simplilearn, Unacademy, upGrad, PrepInsta Prime and Vedantu to become one of the founding members of IAMAI’s India EdTech Consortium.
In March 2022, the company signed a contract with Qatar Investment Authority to establish a new edtech company and a R&D center in Doha.
The concept of bringing the grocery store to one’s doorstep has done wonders across the globe. With it, the problem of waiting in long queues at groceries has now gone for a toss. Indians too now prefer the online route for grocery shopping. And who has dominated this segment? BigBasket. Hari Menon is the founder of BigBasket. With sales of over INR 150 crores per month, BigBasket has cemented its place as one of the big shots in the Indian e-commerce domain. It is operational in Bangalore, Mumbai, Delhi-NCR, Hyderabad, Chennai, Pune, Ahmedabad, and Kolkata at present. In 2021 Tata Digital buys 64% stake in BigBasket His company received a lot of awards such as Consumer Internet Company of the Year by VC Circle Awards 2016, Best Online Grocer at Coca Cola Golden Spoon Awards 2016, Best retail and e-commerce app of the year at AWS Mobility Awards 2017, etc.
Albinder Dhindsa wanted to provide the services of a grocery, bakery, and general store through a consolidated platform. His dream took the form of Grofers, an Indian online grocery service. Albinder Dhindsa and Saurabh Kumar founded Grofers. The duo worked hard to infuse new ideas into the online delivery system in India. Grofers is worth around $650 million today. The company has shifted from a B2B to a B2C business model. Grofers was named one of the Top 10 startups in Delhi and Gurgaon in 2014. Grofers had attained unicorn status or $1 billion in valuation, after raising over $120 million from food aggregator Zomato Ltd. On December 13, 2021, Grofers changed its brand name to Blinkit. As of 2021 Albinder holds 5-10% stake in the company.
Sanjiv Bajaj is known as the Chairman and Managing Director of Bajaj Finserv. Born into a family of the Bajajs, a business house started by Jamnalal Bajaj, who led the Bajaj Group to glory, Sanjiv had the zeal to raise their family business to amazing highs. Sanjiv is the son of Rahul Bajaj and great-grandson of Jamnalal Bajaj. After completing his Btech. in Mechanical engineering, followed by a Masters in manufacturing systems from the University of Warwick and an MBA from Harvard Business school, Sanjiv started his career with Bajaj Auto in 1994.
He had been a promising businessman from the very first, which helped him scale numerous prestigious designations within the organization. He had brought the American-style supply chain management to Bajaj Auto. Bajaj is currently serving as a non-executive director of Bajaj Auto.
Along with Bajaj Auto, Sanjiv also contributed to Bajaj Finserv, Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, Bajaj Finance for which he was appointed as the Chairman and Vice-Chairman. Sanjiv even led Bajaj Allianz General Insurance to emerge as the 2nd most profitable insurance company in India. Being an accomplished entrepreneur, Bajaj won a range of awards for the same, like the Entrepreneur of the Year” Award 2015-16 from Bombay Management Association, Ernst & Young’s Entrepreneur of the Year Award in 2017, Economic Times Awards for Business Leader of the Year 2018. Therefore, Sanjiv Bajaj can be regarded as one of the greatest entrepreneurs and business leaders that India has seen to date. Sanjiv Bajaj has a revenue of over ₹ 36,692 crore ($ 4.4 billion) and profit of over ₹ 2,866 crore ($ 348 million) for H1 FY2022-23.
PolicyBazaar has certainly grown to become one of the best insurance aggregators and a global technology company but it might not have secured the illustrious position that it now stands on if it was not for the Chief Executive Officer and Cofounder of the company, Yashish Dahiya. Dahiya was a student of IIT Delhi, from where he did his Bachelors in Engineering. He then went on to complete a Post Graduate Diploma in Management from IIM Ahmedabad, which was followed by an MBA from INSEAD in 2001.
Yashish was the MD of the pan-European travel distributor, ebookers.com, and had previous experience of working as a strategy consultant of Bain & Co. in their London office before he founded PolicyBazaar in 2008. Yashish Dahiya had a major contribution to PolicyBazaar since he founded the company along with Alok Bansal and Avaneesh Nirjar in 2008, which has successfully become a key influencer in consumer decisions around insurance now. Furthermore, the platform hosts over 100 million visitors a year on average on its platform.
Dahiya was honored with the EY Entrepreneur of The Year (EOY) 2019 award in the Financial Services category and more for all that he had done for PolicyBazaar. Yashish Dahiya is also an extraordinary sportsperson along with a celebrated entrepreneur. He is the Indian masters swimming champion and has taken part in several world masters swimming championships representing India. Furthermore, Dahiya also boasts of having the 3rd fastest half ironman timing and the 5th fastest Ironman timings amongst Indians across all age groups along with having the fastest timings in his age group. In June 2021, Policybazaar obtained the insurance broking license from IRADA and announced that it would set up 100 offline outlets across India. The company also surrendered its web aggregator license. PB Fintech Ltd, the parent company of Policybazaar, opened its initial public offering (IPO) and raised ₹5,625 crore(US$700 million).Shares of PB Fintech Ltd began trading on National Stock Exchange and Bombay Stock Exchange in November 2021.
It seems nothing less than a dream when we talk about a fan of Manchester United, Mumbai Indians, and the Indian cricket team, who founded a company named Dream11 for the love of sports that he nurtures. Yes, it happened with Harsh Jain, who with his founding partner, Bhavit Sheth, founded Dream11 and Dream Sports, India’s no. 1 sports fantasy platform for sporting enthusiasts. That allows users to play fantasy cricket, hockey, football, kabaddi, handball, basketball, volleyball, rugby,futsal, American football,and baseball.
Harsh was the son of Anand Jain, an Indian business magnate previously associated with Mukesh Ambani. He was born in Mumbai, India, and was an engineering student at the University of Pennsylvania, after which he went for an MBA from Columbia Business School. Harsh began his career with Microsoft from where he completed a 2 months Summer Internship from June 2006 to August of the same year after which he went to work in Jai Corp Limited as a Marketing Manager. His father, Anand Jain was then the Chairman of the company. Jain worked at Jai for 13 months, when in 2008 he decided to establish Dream11.
Harsh is currently serving as a Culture Enforcement Officer (CEO) & Co-Founder of Dream Sports (Dream11, FanCode, DreamX, and more) and one of the leading entrepreneurs of India. Harsh is a major inspiration for the budding entrepreneurs of the country for sure. In April 2019, Dream11 became the first Indian Fantasy sportcompany to become a unicorn.In November 2021 Dream11 was valued at $8 billion.In December 2022, Dream11 had 160 million active users in India.
Supam Maheshwari is better known as the CEO and Co-Founder of Firstcry, India’s online marketplace for baby products. Supam was a postgraduate student from IIM Ahmedabad and started Brainvisa, as his first company with Amitava Saha, back in March 2000. The Pune-based company witnessed a steady growth before it was acquired by the US-based group, Indecomm Global in 2007.
Supam served as the Co-founder and the CEO of Brainvisa till December 2009 in order to found another company. He founded FirstCry.com in August 2010 along with Amitava Saha, Prashant Jadhav, and Sanket Hattimattur.
The idea of establishing an eCommerce company focused on baby care products was rooted deep in his personal experience as a first-time parent, who faced numerous challenges in sourcing the best product for his baby. Firstcry has grown to be a market leader when it comes to baby products online. The company currently boasts of over 380 stores across India.
His net worth could be estimated at 190 million USD.The baby products marketplace’s valuation stands at 1.9 billion USD after an equity funding round of 13 million USD with pi Ventures As of 2021.
FirstCry had increased its IPO size from around $700 Mn to $1 Bn, aiming at a valuation of around $6-7 BnIN Aug 2022
Richa Kar is the face of one of India’s largest online lingerie stores, Zivame. Richa was born in a conventional family in Jamshedpur. Kar was an engineering student, who completed her graduation from BITS Pilani and eventually went for a corporate job in Bangalore. Richa eventually left her job in order to pursue an MBA, after which she joined Spencers Retail and then SAP Retail.
Her exposure in the retail industry helped her develop knowledge and practical skills beneficial for the retail industry. While working with SAP, Richa was intrigued about Victoria’s Secret, America’s largest retail company for women’s lingerie, and the success it enjoys. Soon after, she realized that India hasn’t got any such websites empowering women to shop for their own lingerie online smoothly and fearlessly.
Though Richa had a considerable experience of around 8 years by then in the retail industry, her parents didn’t get the concept of selling lingerie and weren’t sure how they would speak of her daughter, who is involved in such a profession to others. Therefore, she gravely lacked any support from her family but with her strong will and zeal to found a startup, she ultimately managed to establish Zivame with Kapil Karekar in 2011. Zivame has now become an online leader in its segment, offering more than 5,000 styles, 50 brands, and 100 sizes. Zivame products come at affordable prices with high quality.
The company that initially started with Rs 35 lakhs, which Richa borrowed from her friends, is currently one of the best women’s lingerie marketplace in India. Zivame has received $69 million in funding at a valuation of $98.6M and her net worth is Rs 749 crores, according to reports. The company currently holds about 26% of the market share of the women’s online lingerie market in India, which stood at Rs 430 crore in FY19.
Ashish Hemrajani is an Indian entrepreneur, popularly identified as the Co-founder and CEO of Bigtree Entertainment Pvt. Ltd., the parent company of India’s biggest online entertainment ticketing platform BookMyShow. Ashish Hemrajani completed his MBA with Marketing as his specialization from Sydenham University in 1997.
As soon as he completed his MBA, he went to work with J. Water Thompson. However, after working in the client management segment of the firm for 2 years, Ashish left the company in order to start his new venture with Bigtree Entertainment and BookMyShow in 1999.
BookMyShow still stands as a leading online ticketing solution for Indians. Under the leadership of Ashish, the company further expanded to New Zealand, UAE, Indonesia, and Sri Lanka. BookMyShow also had a feature to buy tickets of sports matches like IPL, ISL, etc. They now have employ over 400 people across offices in Mumbai, Delhi, Hyderabad, Chennai, Bangalore. Ashish Hemrajani Net worth is estimated at Rs.3000 Crore as of 2021.
Shiv Nadar is a founding member of HCL Technologies and a prominent Indian entrepreneur, billionaire industrialist, and the recipient of India’s 3rd highest civilian award, Padma Bhushan. Shiv Nadar is the 3rd richest person of India, as of September 2021 with a net worth of around US$29.3 billion. Nadar goes by the nickname “Magus” (meaning: wizard in Old Persian), which he received from his friends.
Nadar was educated in the St. Joseph Boys Higher Secondary School, Trichy, and received his pre-university degree from the American College, Madurai. He again pursued Electrical and Electronics Engineering from the PSG College of Technology, Coimbatore, and received his Bachelor’s in engineering.
Walchand Group’s Cooper Engineering Ltd., Pune, which he joined in 1967, marked the start of Nadar’s career. However, he soon left his job role and founded Microcomp, a company that focused on selling teledigital calculators in the Indian market. Soon after that, he founded HCL in 1976 in collaboration with several friends and colleagues and with an investment of Rs 187,000.
The company made revolutionary advancements in the Indian IT landscape and is still regarded as one of the best among the homegrown IT companies whereas Shiv Nadar stands tall and towering as one of the top entrepreneurs of India.
The founder and CEO of the cyber security company, TAC Security, Trishneet Arora, was named in Forbes 30 Under 30 2018 Asia list and also in Under 40 List of India’s Brightest Business Minds 2019 by Fortune magazine, in 2020 Entrepreneur of the Year in Service Business-Security, 2021 Fortune India 40 Under 40 and 2022 he was Awarded as global leader of tomorrow.
Arora failed in the 8th standard but his relentless love for computers and coding drove him through the path of glory to become a professional ethical hacker and a renowned cybersecurity expert. Arora dropped out of school but continued with his studies along with fixing computers and cleaning up software.
Trishneet was only 19 when he founded his own company, TAC Security Solutions in 2013 and he has never looked back since then. The cybersecurity company, TAC Security offers protection to numerous corporations like Reliance Industries, CBI, Gujarat Police, and Punjab Police and others, against network vulnerabilities and data theft. Trishneet Arora’s net worth is $5 million as of now.
The founder of Reliance Industries, Dhirajlal Hirachand Ambani, or Dhirubhai Ambani, as he is popularly known, was a successful entrepreneur and business tycoon, who took Reliance public in 1977. Dhirubhai has been recognized with numerous awards and accolades heaped on during his lifetime and was also awarded the prestigious Padma Vibhushan, India’s second-highest civilian honor after he died in the year 2002.
Dhirubhai was a student of the Bahadur Khanji school. After the completion of his studies, he left for the Port of Aden, Yemen, to work for A. Besse and Co., for which he was later involved in selling shell and Burmah oil products. However, he left Aden and came back to his motherland to start his own company. Initially starting with “Majin” in partnership with Champaklal Damani, Dhirubhai eventually set up Reliance Commercial Corporation in 1966, which was later rechristened as Reliance Industries in May 1973.
Also, it was Dhirubhai who launched the popular textile brand ‘Vimal’. Dhirubhai died when he was 69 and was worth around $2.9 bn upon his death.
Lakshmi Niwas Mittal is the Executive Chairman and CEO of the largest steel-making company in the world, ArcelorMittal, and an Indian steel magnate based in the United Kingdom. Besides, Mittal also serves as the Chairman of Aperam, a stainless steel manufacturer, which spun out of ArcelorMittal. Mittal owns around 38% stakes in his company along with another 20% stakes in the EFL Championship football club, Queens Park Rangers.
Lakshmi Mittal has also been appointed as a member of the board of directors of Goldman Sachs since 2008. Mittal was recognized with titles, honors, and awards of various kinds from time to time including “the third-richest person in the world” as announced by Forbes in 2005. He was also announced as the “Business Person of 2006” by Sunday Times, “Person of the Year” by Financial Times, In 2008 he was awarded the Padma Vibhushan, and more.
Born in a Marwadi family, Lakshmi studied at Shri Daulatram Nopany Vidyalaya in Calcutta and graduated from the University of Calcutta affiliated St Xavier’s College with a B.Com degree in the first class. Mittal first chose the business way by founding the steel factory PT Ispat Indo. He went to purchase numerous companies from abroad, like the Irish Steel plant, starting from the state-owned steelworks in Trinidad and Tobago, all of which were successful initiatives.
Mittal ultimately succeeded to come out triumphant in a hostile takeover bid of Arcelor and later renamed it to ArcelorMittal, which is currently responsible for bringing a lion’s share of revenues for Mittal. As of 2022, he was ranked as the 15th richest man in India by Forbes with a net-worth of US$17.8 billion.
Informally known as the Czar of the IT industry of India, Azim Premji is the face of Wipro. Premji is known as an entrepreneur, investor, engineer, business tycoon, and philanthropist who was responsible for cementing the position of Wipro as one of the most prestigious of the Indian multinational corporations through more than four decades of growth and diversification.
Azim Premji is the founding Chairman and a non-executive member of the board of the company and has been twice listed by Time Magazine among the 100 Most Influential people.
Premji went for a Bachelor’s degree in Electrical Engineering from Stanford University but he had to come back to take charge of Wipro, which was then termed as Western Indian Vegetable Products. He expanded the business to a large scale and later on discovered the vacuum that IBM left on its expulsion from India. He filled the gap by developing the IT wing of Wipro.
Premji is one of the most successful Indian entrepreneurs whose total wealth was estimated $9.3billion and $25 billion respectively as of feb 2023. Moreover, he is also recognized for his philanthropic nature. He makes most of his donations to the Azim Premji Foundation and had agreed to give away half his wealth by signing the Giving Pledge in 2013. In 2019, he dropped from the 2nd position in the Forbes India Rich list to 17th position after giving away a huge amount to charity.
He topped the EdelGive Hurun India Philanthropy List for 2020
We all have heard about Dunzo but do you know who founded it? The 24/7 delivery app was founded in July 2014 by Kabeer Biswas, Ankur Agarwal, Dalvir Suri, and Mukund Jha. Kabeer Biswas is the CEO and Co-founder of Dunzo, who completed his B.E from the University of Mumbai and followed it with an MBA from Narsee Monjee Institute of Management Studies (NMIMS).
He started his career with Bharti Airtel, Videocon Telecommunications, and then went on to found Dunzo. Dunzo currently provides its delivery services in eight Indian cities including Bangalore, Delhi, Gurgaon, Pune, Chennai, Jaipur, Mumbai and Hyderabad.
In August 2021, Dunzo launched a new service, Dunzo Daily, to deliver essentials and household items in 19 minutes. January 2022, Reliance Retail led a US$240 million funding round along with Dunzo’s existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested US$200 million for a 25.8% stake in Dunzo.
Ratan Tata is the former Chairman of Tata Sons and Tata Group and is still the head of the charitable trusts of the company. A scion of the Tata family, Ratan Tata was the son of Naval Tata and later adopted by Jamsetji Tata.
He is well-known as an Indian industrialist, philanthropist, and one of the few business tycoons who are synonymous with success. Tata was the recipient of two of the highest Indian civilian awards – Padma Bhushan and Padma Vibhushan.
Ratan Tata was a student of the Cornell University of Architecture and completed his Advanced Management Program from the Harvard Business school in 1975. Tata was the apparent successor of J.R.D Tata, who started with the shop floor of Tata Steel and was responsible for expanding the company on a massive scale.
Largely credited with the diversification and growth of Tata, Ratan Tata helped the company acquire numerous businesses and companies including Tetley, Jaguar Land Rover, and more, and scaled the company to unimaginable heights. Ratan Tata is currently featured among the top entrepreneurs of India and an inspirational figure for all the budding entrepreneurs and other individuals.
Nithin Kamath is the Co-founder of the biggest stock-broking company in India, Zerodha, an inspirational entrepreneur, and is famous as one of the self-made billionaires of India. Nithin along with his brother, Nikhil Kamat has also been declared as the richest self-made billionaire in India under 40, according to IIFL Wealth and Hurun India’s 40 & Under Self-Made Rich List 2020 with a combined wealth of Rs 24,000 crores, as assessed in 2020. In year end march 2022 zerodha net profit was 2094.3 crore.
The company has valued itself at $3billion, based on the valuations of employee stock option. Nithin Kamath was a student of Bangalore Institute of Technology but he was never quite inclined to academics. Kamath got into the world of trading at the early age of 17 and eventually, his love for trading grew.
Nithin was successful in trading but also lost quite a lot of his money in the early 2000s. Kamath then returned to a fixed job at a call center, where he worked for 4 years before joining Reliance Money as a franchisee in proprietary trading and advisory services. He worked hard and saved his capital to establish his own company Zerodha in 2010 and emerge at the top of his game with Nikhil.
Kiran Mazumdar Shaw is an Indian billionaire entrepreneur distinguished for being the executive chairperson and founder of Biocon Limited and Biocon Biologics Limited. Furthermore, she was also recognized as the former chairperson of the Indian Institute of Management, Bangalore. Kiran was the recipient of the Othmer Gold Medal for her contributions to the fields of science and chemistry.
Financial Times listed her among the Top 50 women in the business list while Forbes listed her as the 68th most powerful woman in the world. Furthermore, Kiran was also named the EY World Entrepreneur of the Year in 2020.
After completing her graduation from Bangalore University with a bachelor’s degree in Zoology, Kiran went to the fermentation science and brewing at Melbourne University and topped her class emerging as a master brewer in 1975. She struggled to join as a master brewer in India after serving Carlton and United Breweries because the breweries here believed that the job of a master brewer is a “man’s work.”
However, Kiran discovered huge opportunities abroad and joined Biocon Biochemicals Limited, and eventually started Biocon India. In 2015, she joined The Giving Pledge, promising that at least half of her wealth will be dedicated to philanthrop. In 2019, she was listed as the 68th most powerful woman in the world by Forbes. She received Firodia Lifetime Achievement Award 2022 for her contributions to science and technology.
In January 2020 Kiran received the international award and became the fourth Indian citizen to be honored with Australia’s highest civilian award. In year 2023 they start
Kiran Mazumdar-Shaw scholarship for the students who study in the fields of science, technology or mathematics at the Mount Helen Campus. By 2022 she has a net worth of $3.1 billion.
Back in 2010, paying gas, electricity, telephone bills, and recharging our mobiles, DTH, and more wasn’t as easy as it is now. Then, Freecharge was one of the companies that came into being, which greatly helped the Indian masses to empower their digital ways. Sandeep Tandon was one of the founders of this precursor of today’s digital payments app, Freecharge, which he founded in 2010 with Kunal Shah.
A technology investor and one of the most successful entrepreneurs of India, Sandeep Tandon was a student of Bombay Scottish, after which he pursued a Bachelor’s and then Masters of Science in Electrical Engineering from the University of Southern California. Sandeep started his career with a Los Angeles startup where he worked as an application manager.
However, it wasn’t long before he left the company and initiated his own venture, Celetronix but that was again sold to Jabil Circuits.
Freecharge was the next company that he founded, which emerged as the fastest-growing mobile payments app in India. After a short but successful period, Freecharge was acquired by Snapdeal and then eventually acquired by Axis bank, which currently owns the company.
Being a successful entrepreneur with years of experience, Sandeep Tandon is currently serving as the Managing Director of Tandon Group, as an Angel investor, and a mentor to the young entrepreneurs.
As eccentric as its name, Bewakoof boasts of an incredibly successful run as a casual wear and accessories hotspot for the current generation and undoubtedly a major part of its success goes to its Founder Director, Prabhkiran Singh. He along with Siddharth Munot founded Bewakoof.com back in 2010, which has since been a raging success for its unique printed t-shirts, joggers, funky mobile covers, and other accessories.
Both being civil engineering graduates from IIT Bombay, Prabhkiran and Siddharth were well-known to each other. In fact, both of them started with their independent startups right after they completed studies but none of them truly worked before Bewakoof was launched, which disrupted the Indian markets, promoting the “silliness” when it comes to fashion.
The estimated annual revenue of Bewakoof in 2020 was INR 200 Crores. The net worth of Bewakoof is estimated at INR 100 Crores.
The Indian traditional consumer products market was all saturated and boring, hoping for an upcoming disruption, which Mamaearth brought with its honest, organic, and safe products. The initial idea emerged out of a real-life problem that Varun and Ghazal Alagh faced while raising their own baby.
All of us want to extend our utmost care and best quality products to a newborn and Varun and Ghazal Algh wanted the same for their baby. However, it was when they were expecting their baby that they found the reality about the Indian baby products, none of which met the safety standards required to be applied on a baby. They first started to import baby products from the US but that was neither feasible nor less of a burden to their finances.
This made the research, apply for proper certifications and resulted in the launch of Mamaearth after 4 years of hard work and R&D. Mamaearth is currently hailed as the first Asian brand with the MadeSafe certification for its toxin-free and entirely herbal products. Furthermore, it boasts of having served over 1.5 million customers across 500+ cities of India. The parents turned entrepreneurs, Varun Alagh and Ghazal Alagh have achieved an envious success and are looking forward to a brighter way ahead as one of the most successful Indian entrepreneurs.
The company has expanded into offline distribution through multi-brand retail outlets and exclusive stores, to both online and offline markets. Their next step is to expand the offline business to 100,000 outlets and 100 Indian cities. The company has estimated revenue of INR964 crore in FY22, a growth of 109% over the past year.
PhonePe is akin to digital payments in today’s India. This market leader of a UPI-based digital payments platform was founded by Sameer Nigam, along with his co-founders, Rahul Chari and Burzin Engineer in December 2015.
Sameer Nigam has an MBA in Entrepreneurship from The Wharton School. After completing his schooling at DPS Noida, Sameer went to study Computer Engineering at the University of Mumbai and then completed a Masters of Science in Computer Engineering from the University of Arizona, finally finishing his MBA in 2009.
Sameer served as the Director of Search Product Development at Shopzilla for a little over 6 years, after which he launched Mime360, an online social media distribution channel. Mime360 was eventually acquired by Flipkart, where he again served as a Senior Vice President, Engineering but he left the company after one and half years to start his own company, PhonePe.
PhonePe has since been a roaring success! PhonePe continues to be the top player in the Indian payments ecosystem and accounted for nearly 50 percent of all UPI transactions processed in December 2022, According to National Payments Corporation of India (NPCI).
Conclusion
We hope this list of famous Indian entrepreneurs motivates you to act on that startup idea you have in your head. Who else do you think should be featured in this list? And what makes you go gaga over him or her?
Contact: shubham@startuptalky.com
FAQs
Who is the youngest entrepreneur in India?
Shravan Kumaran and Sanjay Kumaran are the youngest entrepreneurs in India. They co-founded the company called ‘GoDimensions’ a development unit, in 2011 at their home at the age of 10.
Who is the world’s richest person?
The world’s richest person is none other than the founder and CEO of Tesla, Elon Musk, who boasts of a net worth of $223 billion, as of February 28, 2022.
Who is the richest Indian?
Mukesh Ambani is the richest Indian with a wealth of $103 Billion, as of March 2022.
Is a CEO an owner?
The title of CEO is typically given to someone by the board of directors. Owner is a job title that is earned by sole proprietors and entrepreneurs, who have total ownership of the business. However, these job titles are not mutually exclusive — CEOs can be owners and owners can be CEOs.
Who are the leading Indian entrepreneurs now?
To name some of the most prominent Indian entrepreneurs, we must list:
In this digital world, as technologies harm most industries, Cybersecurity works as a shield for the industries at risk. As technology evolves, the adversaries are also enhancing their attack methods, tools, and techniques to exploit individuals and organizations which calls for a strong cybersecurity system. In this article, we have listed some Cybersecurity startups in India or cyber security companies in India to help you safeguard your business or organization.
Seconize is a Bangalore-based cyber-security startup, which serves in cloud-based, AI/ML-enabled, automated security solutions to ventures who are surrounded by digitization and all the information about the company is on cloud or drives. It is one of the best cyber security startups in Bangalore.
Seconize helps these companies to save themselves from risks by proactive risk assessment, remediation, and identification. It also maintains all the IT assets with real-time risk measurement and saves them from human error. Seconize has also managed to get support from Singapore telecom operator Singtel and NUS National University of Singapore, expanding its offices in countries across the globe.
2. Wi-Jungle
Wi-Jungle – Cybersecurity Startup in India
Wi-Jungle works towards developing and marketing a unified network security gateway to companies in more than 25 countries across the globe. Wijungle was founded in the year 2014, WiJungle was launched as a completely free WiFi service and it was the first Indian private company to bring up this idea.
Currently, the company is serving government and private companies across the country. Wi-Jungle offers its services to several sectors like hospitality, healthcare, education, BFSI, retail, defence, transportation, ITES, and more.
3. Lucideus
Lucideus – Cybersecurity Startup in India
Lucideus was developed at IIT Bombay for information on security services. It is an AI-ML enabled platform that takes care of enterprises across the globe. This platform monitors and responds to cyber threats effectively and reduces cyber-attacks.
Lucideus has also made its brand name internationally and encourages other businesses to make cyber-security an important priority.
4. Sequretek
Sequretek – Cybersecurity Startup in India
Sequretek is a cyber-security startup with an aim to simplify security for enterprises and businesses. It helps to equip them with AI and ML-driven security tools and solutions which makes sure that the company is secured and properly armed against all the security threats without any vulnerability.
These threats can be known and unknown as well and Sequretek takes care of everything. Sequretek has experience in domains like BFSI, e-commerce, retail, healthcare, insurance, entertainment, manufacturing, and more.
Securitybulls is a startup that focuses on comprehensive pen-testing which is also known as a penetration test or ethical hacking. Securitybulls offers to its customers IT security assessments and infrastructure security services.
It analyzes the client company’s digital assets and checks for the security risk and flaws from where it can get compromised and attacked. After finding the vulnerability in the security it provides a remediation blueprint that helps in enhancing the client’s cyber-security strategies.
6. Cybersek
Cybersek – Cybersecurity Startup in India
CyberSek is a cyber-security startup founded in 2020 with an aim to revolutionize digital defense. Its mission is to empower organizations with cutting-edge solutions that bolster their cyber resilience. From pioneering Pen Testing as a Service (PTaaS) to comprehensive assessments covering Third Party, Web, API, Mobile, Cloud, Red Teaming, Thick Client, External, and Internal Network Penetration Testing, that leaves no stone unturned in securing clients’ digital footprint.
They conduct a comprehensive analysis of the client company’s digital assets, meticulously examining them for potential security risks and vulnerabilities vulnerable to compromise or attack. Upon identifying these weaknesses, CyberSek delivers a detailed remediation blueprint, guiding the client in fortifying their cyber defenses and enhancing their overall security posture. Partner with CyberSek, and let’s forge a future where security is not just a priority but a standard of excellence.
7. Threatsys
Threatsys – Cybersecurity Startup in India
Threatsys is one of the leading topcyber security companies in India, helping businesses, governments and organizations plan, build, and run successful security programs. It is the No. 1 Cyber Security Company in Bhubaneswar, Odisha.
Threatsys helps to simplify cyber-security by providing everything you need to define strategy, identify threats, deploy the right technology, and ensure operational readiness to protect your business. One can turn to Threatsys for help with every aspect of the security program rather than partnering with several cybersecurity providers for cybersecurity companies in India.
8. FireEye
FireEye – Cybersecurity Startup in India
FireEye is a publicly traded cyber-security company with its headquarters in Milpitas, California. It provides facilities like services to investigate cyber-security attacks, protect against malicious software, and analyze IT security risks.
FireEye was founded in 2004. This is a cyber security company from the list of top cyber security companies in Bangalore. It will serve as a hub for the development and testing of new FireEye products and plays a key role in maintaining cutting‐edge technology and innovation in the FireEye line of security products.
9. Secuneus
Secuneus – Cybersecurity Startup in India
Secuneus Technologies is an independent registered company of India situated in Jalandhar, Punjab and deals in core Cyber Security, helping businesses protect themselves and their reputations against the very latest cyber threats.
10. Haltdos
Haltdos – Cybersecurity Startup in India
Noida-based HaltDos is an AI-driven website protection service that secures websites against cyber threats and was launched in 2015. Its comprehensive offering provides DDoS protection, Web Application Firewall, and Load Balancing features in a single solution and is available on the cloud as well as on-premise appliances.
11. AppsPicket
AppsPicket – Cybersecurity Startup in India
AppsPicket’s mission is to bring advanced cryptography to all businesses, whether small, medium or large. The startup, based out of Delhi and London, launched in 2015, works in the Strong Authentication (2FA) and Cloud Security domain.
It has the aim to use advanced cryptography to solve real-time security problems with its variety of products, which includes Cryptopass, Developer SDK, and Autoportal. The brand’s next-generation Two Factor Authentication – I2FA – is making the adoption of strong user authentication simpler and frictionless.
Founded in May 2016, the platform works as an aggregator that connects ethical hackers to companies. Companies are focused on discovering security loopholes and providing a common ground for hackers and companies to connect.
13. TAC Security Solutions
TAC Security Solutions – Cybersecurity Startup in India
TAC Security Solutions is a cyber-security company in India which aims at mission to anticipate, resolve, and mitigate cybersecurity risks and challenges. TAC Security serves complete vulnerability assessment solutions, which involves the process of identifying, quantifying, and prioritising vulnerabilities in network infrastructures.
It serves network, application, and web security solutions to several corporates, banks, startups, governments, and law enforcement agencies. Its current client portfolio includes names like Reliance Industries Limited, Gujarat Police, Punjab Police, International Tractors Limited (Sonalika), AMUL, etc.
14. Kratikal Tech
Kratikal Tech – Cybersecurity Startup in India
Founded in 2016, the Noida-based startup provides end-to-end cyber-security solutions to its customers. Kratikal Tech’s product People Risk Assessment (PRA) Engine claims to access the real-time threat posture of an organization from a people point of view, reducing cyber risk up to 90 per cent.
15. SheildSquare
ShieldSquare – Cybersecurity Startup in India
Founded in 2013, ShieldSquare is a bot mitigation and management startup. It is a real-time, cloud-based prevention solution, that helps companies differentiate between human and bot traffic. The company aims at the prevention and removal of any malicious intent and fraud.
16. Block Armour
Block Armour – Cybersecurity Startup in India
Harnessing the potential of Blockchain and emerging technology, Mumbai-based Block Armour was launched in 2016, with the aim to disrupt cyber-security. Blending cyber-security insights, IT security best practices, and emerging technologies, Block Armour provides a base for a new breed of identity management, data/information integrity, and IoT-related security solutions.
Conclusion
As AI sees more advancement, we will be witnesses to how far we can take this technology to be both a boon and a bane to cybersecurity and society in general. So above is the list of top cyber security startups in India which you can look out for in 2021. I hope you find this article informative and useful.
Who are the top 10 cyber security companies in India or do you know cyber security startups in India?
Top 10 Cyber security companies in India or a list of cyber security companies in India:
Alchetron.
Arcon TechSolution.
Aurionpro.
AuthMetrik.
Data Resolve Technologies.
eScan.
HaltDos.
ilantus.
Securitybulls.
Seconize.
How to start a cyber security company in India?
Understand the Industry.
Conduct Market Research and Feasibility Studies.
Decide What Niche to Concentrate On.
Know the Major Competitors in the Industry.
Decide Whether to Buy a Franchise or Start from Scratch.
Know the Possible Threats and Challenges You Will Face.
Choose the Most Suitable Legal Entity, etc.
Which is best AI or cyber security?
In terms of difficultness to learn and job growth rate, Artificial Intelligence is better than Cyber Security but Cyber Security and Artificial Intelligence are equally important. Many companies are using Artificial intelligence for Cyber Security applications.
Technology, without any doubt, has undergone unfathomable advancement. The Banking segment forms the bloodline for economies. The role of credit and debit cards in this regard is paramount. While brands like Diners Club, Visa are popular, one cannot discard Mastercard. It is one of the biggest vendors of its segment. Ajaypal Singh Bangaleads Mastercard from the front.
Ajay Banga is an India-American business executive who is currently serving as the executive chairman of Mastercard. Previously, he was the President and Chief Executing Officer (CEO) of Mastercard until Michael Miebach took over from Jan 2021. Earlier, he was the President and Chief Operating Officer in the same organization.
University of Delhi (BA), Indian Institute of Management, Ahmedabad (MBA)
Occupation
Executive Chairman, Mastercard
Salary
Total compensation at Mastercard is $23,250,000
Net worth
At least $208 Million dollars as of 14 July 2021
Ajay Banga – Latest News
22nd September 2021 – Mastercard announced that Ajay Banga, the executive chairman will retire on December 31, 2021, with current Lead Independent Director Merit Janow filling in as non-executive independent chair of the board, effective January 1, 2022.
Ajay Banga – Education
Ajay Banga, executive chairman of Mastercard, was born in Khadki, Pune, Maharashtra where his father was posted as an Army officer. His family hails from Jalandhar in the Indian state of Punjab. He did his schoolingacross India consecutively in Secunderabad, Jalandhar, Delhi and Hyderabad.
Later, he went on to pursue graduationwith a Bachelor of Arts (Honours) degree in Economics from the prestigious St. Stephen’s College, Delhi University followed by an MBA from the top B-School of the country, i.e. the Indian Institute of Management, Ahmedabad.
In conversation with Ajay Banga, executive chairman of Mastercard.
Ajay Banga – Net Worth
The estimated net worth of Ajay Banga is at least $208 Million dollars as of 14 July 2021. Mr Banga owns over 60,000 units of Mastercard stock worth over $114,456,560 and over the last 12 years, he sold MA stock worth over $69,986,261. In addition, he made $23,250,000 as Chief Executive Officer at Mastercard.
Ajay Banga – Professional Career
Ajaypal Singh Banga served as the executive chairman of the Mastercard. Executive positions at Citigroup (1996-2009), including CEO, Asia Pacific region; Chairman and CEO, International Global Consumer Group; Executive Vice President, Global Consumer Group; President, Retail Banking, North America; and business head for CitiFinancial and the U.S. Consumer Assets Division Previous experience at Nestlé India and PepsiCo totalling 15 years, in roles of increasing responsibility.
Ajay Banga – Biography
Ajay started his career with Nestle India as a management trainee in 1981. In the next 13 years of his stay at Nestle, he leads a variety of assignments spanning sales, marketing, and general management. After his tenure at Nestle, he joined PepsiCo’s Restaurants Division and was instrumental in the launch of Pizza Hut and KFC in India.
He joined Citigroup in 1996 as the head of marketing in India for its consumer business and served in multiple positions of increasing responsibility. The most iconic of them was the chairman and Chief Executing Officer of International Global Consumer Group, President of Retail Banking, North America and the business head for CitiFinancial and the U.S. Consumer Assets Division. He was the division executive for the bank in Central/Eastern Europe, Middle East, Africa, and India too.
Ajay Banga has received several accolades, including the Indian civilian honour Padma Shri, which the Government of India conferred on him in 2016.
During his tenure with Citibank, he moved to Hong Kong in 2008 to oversee the bank’s business in Asia—credit cards and consumer banking, wealth management, and alternative investments. In 2009, he returned to the United States to join Mastercard. After joining Mastercard, his task was clear—compete against a giant named ‘Visa’.
While working with Mastercard, he worked with one of his best clients and identified a way to attract the youth. He redesigned the debit card product with its package of features, connecting to music, and the creation of a whole new marketing approach with the Commonwealth Bank of Australia. This proved to be the masterstroke.
An area of development Mastercard chose to transform was e-commerce and transit fares. Mastercard also targeted the group which included young, trendy, and innovative people developing new ideas. The company also built for multiple banks and merchants new, innovative ways to pay for goods and services; one being the ability to scan bar codes from phones and converting the code into a purchase.
Ajay Banga is a member of the Council on Foreign Relations and the Economic Club of New York. He is a member of the Foreign Policy Association and the Financial Services Roundtable. He chaired the Information and Technology Initiative.
Banga is on the boards of trustees of Enterprise Communtiy Partners, Inc., the National Urban League, and the New York Hall of Science. Mr Banga was the director of the Council of Economic education too. He has a keen interest in social development issues and was named the 4th “Most Powerful Indian” in the world.
He now serves as the executive chairman of Mastercard after stepping down from being the CEO in 2021.
Management Style of Ajay Banga
Since Ajay Banga has achieved almost everything a budding entrepreneur dreams of, his story has several takeaways. He describes himself as a passionate man who makes time to work on his endeavours.
Although he leads a company that is synonymous with plastic, he always encourages his staff to use cash and keeps the workplace less intense.
According to the man, the highest form of leadership is being well and performing well. The principle of being and doing good holds true for anyone and every organization. This is a powerful principle in business and the private sector. Banga says both the private and public sectors play a big role in bringing more people into the financial mainstream. This in turn consolidates the economy.
Ajay Banga – A Natural Leader
Ajaypal Singh Banga is endearing to many in the startup circuit. His ideas and strategies have been instrumental in the development of many Indian food chain industries. His tenure with multiple companies has enabled rapid growth for those organizations. In 50 years, he helped the economy sail through tough times. Ajay, the top gun at Mastercard is seen as a representative for India on the global platform, a visionary who motivates millions across the globe to emulate successful leadership.
FAQs
Who is Ajay Banga?
Ajay Banga is an India-American business executive who was the President and CEO of Mastercard fromJuly 2010 until December 31, 2020. He now serves as the executive chairman of the company.
Who is the new CEO of Mastercard?
Michael Miebach is the new CEO of Mastercard from January 1, 2021. He was previously the Chief Product Officer of the fintech.
Is Mastercard an Indian company?
No, Mastercard is an American multinational financial services corporation headquartered in New York, United States.
What is Ajay Banga’s net worth?
The estimated net worth of Ajay Banga is at least $208 Million dollars as of 14 July 2021. In addition, he made $23,250,000 as Chief Executive Officer at Mastercard.
What is Ajay Banga’s education?
Ajay Banga pursued his graduation with a Bachelor of Arts (Honours) degree in Economics from the prestigious St. Stephen’s College, Delhi University followed by an MBA from the Indian Institute of Management, Ahmedabad.
Counted amongst the list of oldest, continuously inhabited locations across the world, Patna has contributed immensely to India’s progress and continued development. The same can be said for their contribution in Indian startups ecosystem. It’s time to pore over some of the top promising entrepreneurial ventures that have sprung up from the land of Patna which is capital of state Bihar. The modern city of Patna is situated on the southern bank of river Ganges. Patna is the second largest city in east India.
State cabinet has approved the formation of Bihar Startup Fund Trust which would function under Bihar Startup Policy. It will select business ideas with potential to be given seed funding.
Here are the list of successful startups in bihar.
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Founder: Manish Chandra Year Founded: 2015 Industry: Food delivery
RailRestro | Patna originated Startups
Train journeys, especially lengthy ones can get you hungry while you resist the desire to eat from the in-train caterer. The media has uncovered the pathetic side of train meals. This has made commuters apprehensive about consuming these meals. To counter this issue, Manish Chandra came up with the concept of RailRestro. This venture allows train commuters to order from a variety of cuisines both online or offline through the phone on 8102888111. You can order anytime between 7 am and 11 pm. In case your train is delayed, the guys at RailRestro keep track of the train status and work accordingly. It ensures that you receive hot and good quality meals. There’s even an online ‘Food Advisor’ to assist with your queries!
SevaMart
Founders: Avinash and Pratiksha Singh Year Founded: 2016 Industry: Local Services
SevaMart | Startup Company in Patna
Stuck with that clogged drain and your go-to plumber is unavailable? Don’t worry, SevaMart is there for the rescue. Presently operational in Patna only, SevaMart delivers home maintenance, fitness and business services through professional providers. Customers need to choose a service, schedule an appointment for it and done! Startup India has given recognition to this initiative.
Founder: Vinit Kumar Year Founded: 2016 Industry: Food Delivery
Puchka Party | Patna startups
Gol Gappa, Puchka, Panipuri… the name differs across Indian states but the taste remains the same! Pizzerias and burger joints are common but what about a place that serves only this delicacy? So, Vinit Kumar, a panipuri fan and an IGNOU alumnus, founded puchka party. Puchka party aims to bring an exclusive place catering to the panipuri fan club members your doorstep. You can order puchka online through Puchka Party and it delivers puchka at your doorstep. At present, the joint offers seven types of golgappas and is going to add more items as it continues to expand. The venture is seeking series A funding and aims to open 100 outlets by 2020.
Bihar Bytes
Founder: Yashi Malviya and Sukirti Roy Year Founded: 2016 Industry: Travel & Tourism
Bihar Bytes | Patna startups
Bihar Bytes is a website which is dedicated towards promoting tourism of Bihar across the world. Bihar Bytes is a platform that showcases and promotes the rich culture and heritage of Bihar. To make Bihar more accessible and friendly to people, the promoters have been educating local people and spreading awareness. “biharsunonahidekho” is an initiative taken by Bihar bytes.
Revival Shoe Laundry
Founder: Shazia Qaiser Year Founded: 2014 Industry: Shoe Spa
Revival Shoe Laundry | Patna startups
Revival Shoe Laundry repairs, cleans and refurbishes shoes, other leather items such as jacket and bag. Simply you can book repair service for your shoes, jacket bags online via website or via call. Revival Shoe Laundry offers free pickup and drop of your leather shoes, jackets and premium leather bags. Revival Shoe laundry makes the uneducated and underprivileged women aware of their rights and have a proper social standing in the society.
Artkala
Founders: Pawan, Puja, and Sneha Year Founded: 2016 Industry: Youtube Channel
ArtKala Youtube Channel | Startups in Patna
With 1.6 million subscribers and 603 videos as of now, Artkala is the largest do-it-yourself craft making Indian channel on YouTube. Conceived by the sibling trio of Pawan, Puja, and Sneha, Artkala was the product of their financial issues. Their craftsmanship then coupled with the issues and it produced what we today know as Artkala. The trio has been felicitated by the Andhra Pradesh government at 2017 ‘Social Media Summit and Awards’. People across the globe are taking note of the channel. Hence, Pawan is planning to rise to scale his ingenuity further in the form of a web portal to showcase his sisters’ creations along with DIY kits.
BoxBoy provides services for your daily meal requirements at your doorstep. BoxBoy has a a team of well trained cooks with 5 star supervision. BoxBoy has features like free meals for parents and 24*7 helpline number.
BoxBoy has introduced plans and packs for all kind of customers living away from home. BoxBoy tries to give you homely feeling. KHYAAL, UDHAAR LO, MASTI-ON- WHEELS are also some of our services to help our customer.
Treeoz EcoVenture
Founder: Rahul Kumar Year Founded: 2018 Industry: Garden Accesories
EcoVenture | Patna Startups
Gardening may be a hobby for some but much more than that for others. Keeping up with the ‘going green’ and being eco-friendly, entrepreneur Rahul Kumar came up with the concept of green gifting. The platform offers a whole lot of items related to gardening and decoration. A variety of plants are up for grab meant for occasions like anniversaries, festivals and birthdays. One can also purchase designer pots. And on top of that, everything is well within budget.
Founder: Himani Mishra, Shashidhar Rajan Year Founded: 2018 Industry: Marketing
Brand Radiator | Patna startups
Brand Radiator offers 360-degree marketing solutions and services both on offline and online modes. Brand Radiator gives online digital solutions such as digital consulting, social media management and marketing, search engine marketing and optimization, digital ad management, video production, website and mobile application development, online reputation management, and PR services. Brand Radiator gives offline digital solutions too such as design and content development of different marketing collaterals used in the offline channels for marketing, promotional, brand awareness and other activities.
Genesys Consulting
Founder: Hansa Sinha, Parimal Madhup Year Founded: 2011 Industry: Consulting
Genesys Consulting | Patna startups
Genesys Consulting Pvt. Ltd. is a Consulting Organization in Patna which is primarily engaged in designing and delivery of Numero Uno services in the domain of HR, IT and Project Consulting. Genesys Consulting offers professional & expert consulting services for its clients needs in the field of Bulk Hiring, Online Recruitment Application System, Web based management information system, Human resource management services. Genesys has built a brand name in consulting industry for its expertise in consulting services for multiple business vertical clients across India.
Esythink
Founder: Mannu Jha Year Founded: 2017 Industry: EdTech
EsyThink | Startups in Patna
There are various websites for social connections but did you know about a platform that connects teachers to schools? Esythink bridges the gap between schools and teachers. It provides a medium for experienced teachers and those who have just started out in this profession to seek recruitment in schools. Apart from this service, you can buy school related items such as uniforms, books, and shoes. A ‘Teachers Hiring Tournament’ service ensures that a qualified teacher gets the right position at the right school.
FindMyDrona
Founder: Vicky Agarwaal Year Founded: 2018 Industry: Education
FindMyDrona | Startups in Patna
FindMyDrona is a database of all the classes and coachings institutes in pan India. You can visit the website and search for any kind of classes you need. FindMyDrona lets institutes register themselves and then people can decide which one is best for them. The startup is solving one of the biggest problems among the students that which is the best institute for them. We can check the reviews of the classes and also verify if the institute is genuine or not.
Travelia Holidays
Founders: Abhishek Kumar Year Founded: 2015 Industry: Travel Agencies
Travelia Holidays | Patna startups
Travelia Holidays is the leading integrated travel and travel related services company in the country. Travelia Holidays offers a broad spectrum of services like Corporate Travel, MICE, Leisure Travel, Travel Insurance, Flight/Train/Bus Tickets, Visa & Passport services and E-Business. It provides knowledgeable efficient planning and the ability to anticipate and resolve potential problems along the way.
Work Studio Coworking
Founders: Alok Kumar, Sonu Saurav, Rahul Samrat, Ishan Paul, Prakhyat Kashyap Year Founded: 2018 Industry: Coworking Space
Work Studio Coworking | Startups in Patna
Work Studio is a Patna based coworking space company. Apart from Patna, the startup operates in Gurgaon and Ranchi too. The company provides all kind of office space with luxury seats, flexible seats, virtual office, etc. Work Studio is the top coworking space of Patna and so, the first choice of entrepreneurs. The startup was started by 5 friends named Alok Kumar, Sonu Saurav, Rahul Samrat, Ishan Paul & Prakhyat Kashyap. If you want to know more about this startup and its story, then you can check out our Work Studio Startup Story.
Dmachs Technologies
Founders: Sumit Kumar Year Founded: 2013 Industry: Information Technology & Services
Dmachs Technologies | IT Startup Company in Patna
Dmachs Technologies is an IT company in Patna which is specialized in digital marketing. Dmachs Technologies provides services like digital marketing, social media optimization, search engine optimization, website designing & development, eCommerce websites, ios/android mobile app development, software, product innovation, product branding. Dmachs Technologies has clients ranging from SME to government department.
This was our list of famous and successful startups and entrepreneurs from Patna(Bihar). Hope this list will help you in having business idea which you can start on your own.
If you know any other startups in Patna, Bihar, please contact us. We will connect with them to feature their story in this list of startups in Bihar.
FAQs
Which industries are best in Patna?
Bihar currently has more than 50 industrial areas. The profitable industries in Patna includes:
Agriculture
IT
Electronics
Textiles
Leather
What are the top startups in Patna?
Some of the Successful Startups in Patna (Bihar) are:
RailRestro
SevaMart
Puchka Party
Bihar Bytes
Revival Shoe Laundry
Artkala
BoxBoy
EcoVenture
Brand Radiator
Genesys Consulting
Esythink
FindMyDrona
Travelia Holidays
Work Studio Coworking
Dmachs Technologies
Which business is more profitable in Bihar?
Some of the most profitable businesses in Bihar are:
On 28th August, it was announced that Bharti Airtel might get an investment of up to thousands of crores from Google. According to sources, Google and Airtel were in talks for over a year and are currently said to be in the advanced stages of negotiations. Airtel is also planning other fundraising options as it had a debt of Rs 1.6 lakh crore in June 2020 because it was unable to raise tariffs freely.
Google had earlier invested over Rs 33,737 crore in Reliance industries digital subsidiary, Jio Platforms Ltd in order to get a stake of over 7.73% in the Jio platforms which is currently the main rival of Airtel. Both Google and Airtel have not made any formal announcements regarding the upcoming deal, but media sources say that Google’s investment in Airtel will be several thousand crores of rupees.
The details of the partnership are being worked up by the executives of both the companies, while their internal and external legal and M&A teams are involved with sorting out the smaller details of the arrangement.
According to one of the Analysts, “The entry of Google adds strength to the balance sheet of Airtel. Also, it helps the company strategically as Google brings in innovation capabilities and strength on data analytics. Google’s data monetization is far superior to any other company in the world, and it can help Airtel monetize its data much better to improve its realizations and profitability.”
The analyst also added that, Google may have big reasons to why it’s investing in Airtel as, “If anything goes wrong tomorrow, your (Google) credibility in the market goes out even though it will be limited liability. To save its name, the company will have to settle its dues in case Airtel is not able to move ahead due to financial pressures and starts slipping down.”
How will this deal benefit Airtel?
If this deal is successful, it will be a major help to Airtel as it is currently facing many problem because of its competitors like Reliance Jio that are providing data at cheaper prices. Jio was the reason behind disrupting the successful financial model of the industry. Other Telecom companies like Vodafone and Idea Cellular were forced to merge because of the stiff competition from Jio.
Google’s investment and data monetization methods have the possibilities to help Airtel to become successful, earn more money and work on its profitability. Airtel is also raising more funds so it can increase the capacity of its 4G networks around India. This investment by Google can also help the telecom company to set a lot of things in order, pay off the debts to the government and also invest in 4G and 5G networks.
In July 2020, Google announced that it had set aside $10 billion funds to invest in the startups of India over the course of five to seven years. The investment was said to be in the form of investments, seed investments, partnerships among other arrangements. This was planned in order to accelerate digitization in India and reduce the gap in the Indian tech investments ecosystem.
This fund was said to be invested in the sectors of consumer tech, education, health, agriculture, technology, AR &VR, and helping SMEs. This fund initiative was called the Google for India Digitization Fund as it aimed in helping Indian companies to grow in their Google portfolio.
This morning, had an extremely fruitful interaction with @sundarpichai. We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs. pic.twitter.com/IS9W24zZxs
Google has made numerous investments in Indian startups and ventures over the few years. In 2013, Google has invested Rs 3.13 crore in Sana Ventures as a part of a seed round funding and the same year it also invested Rs 3 crore in Agastya International Foundation. After that in 2017, it went on to invest Rs 3 crore in CueMath which is a well-known online Edtech company. In 2020, Google also invested over $27,500,000 in the series E funding of Aye Finance which is a Gurugram based Fintech Company.
It also invested over $12 million in Dunzo an Indian delivery company in 2021. In 2020, Google invested $100 million for DailyHunt and an undisclosed amount in Glance which is both news platforms. The same year’s Google invested over Rs 33,737 crore in Jio Platform which is the digital subsidiary of the conglomerate Reliance Industries. This investment led to Google claiming a 7.73 % stake in Jio Platform and helped Jio clearing its debt ahead of its March 2021 target.
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 VingaJoy.
The world is going wireless. The once-popular landline phone is now almost on the verge of becoming extinct. Reports have shown that the number of landline phones in India is shrinking fast. With the advent of mobile phones and wireless technology, people now prefer to do everything from talking to entertainment and work all on the go. Owing to this trend the demand for mobile and wireless accessories is also growing exponentially.
Indian mobile accessories market is likely to grow at a CAGR of over 10% by 2023, due to increasing inclination of customers towards modern, safe and secure accessories. Additionally, rapid penetration of smart devices across the country, increasing demand for advanced mobile accessories, along with increasing R&D investments in wireless connectivity is expected to further boost India mobile accessories market in the coming five years. To meet this growing demand for wireless accessories VingaJoy – A New Delhi based startup has come up with a wide variety of wireless electronic products that keep you connected and entertained anytime and anywhere. VingaJoy is a brand under UBON Company.
StartupTalky interviewed VingaJoy (Ubon) co-founder Mandeep Arora to know more about the startup.
VingaJoy provides a wide perspective to enlarge in mobile & lifestyle accessories products, mainly focused on wireless products like wireless earphones, speakers, wireless headphones, wireless mobile chargers, power banks, etc using QI Technology. Its products are recognized for style and engineered for performance, providing a seamless integration of hardware, software and design. The company believes in the world of being wireless, hence they came up with accessories which don’t bind you.
VingaJoy Lifestyle accessories
VingaJoy envisions to become the Numero Uno brand in the Indian market by being unique and sharing knowledge through continuous improvement driven by the creativity. Its philosophy of keeping innovation at the heart of manufacturing helps it create products that are world class yet affordable at the same time.
VingaJoy Logo
VingaJoy’s slogan- ‘BE LOUD BE PROUD” defines that they are fully optimistic with their vision to grow loudly in the market.
Vingajoy – An Ubon Brand
VingaJoy is a brand under UBON. With its origin in Delhi, India, Ubon is owned and founded by Mandeep Arora Om Prakash Arora, and Lalit Arora. It is a lifestyle brand that deals in consumer electronics like Bluetooth Speakers & Headphones, Chargers, Cables, Surge Protectors & other gadget accessories.
VingaJoy – Founders/Owners
VingaJoy was founded by Mandeep Arora, Om Prakash and Lalit Arora in 2015.
VingaJoy founders and team
The idea was to bring new technology to the customers in economical rates. Of the founders, Mr Mandeep Arora, who is a law graduate is currently working as Joint Legal Advisor, Delhi Mobile Trader Association. he felt so strong about this idea that wanted to build a mobile accessory brand which can deliver quality products with an affordable price tags.
How Was VingaJoy Started
Mandeep Arora came up with the idea of staring ‘VingaJoy’ as a brand that bring new technology to the customers in economical rates. VingaJoy delivers quality products at affordable price tags.
VingaJoy was launched in New Delhi in 2015, and it was a humble launch. A few media people and fellow fashion & tech. bloggers from New Delhi were invited. They visited the corporate office to have a look and took a note of the product offerings, so that they can share VingaJoy’s story on their respective media platforms.
To make VingaJoy available everywhere, the startup is putting their faith in offline channels more than online channels. They have a robust supply chain network which enables them to distribute its products all over India with the different distribution levels available in every state. One thing VingaJoy team found out while doing their research was that people prefer to try and physically feel the product prior to taking a buying decision. This forced them to develop products that are eye catchy and premium as well. They have also collaborated with leading online marketplaces such as Amazon, Snapdeal and Flipkart to reach the masses. VingaJoy has mastered the retail chain network across India and can be found at majority of the shops & showrooms in the country.
Ayushmann khurrana- VingaJoy
From the beginning itself, VingaJoy saw a great demand from customers for wireless sound equipment like speakers and headphones. As a result, they worked upon to strengthen their audio profile. Additionally, VingaJoy collaborated with Ayushmann Khurrana which got them a lot of recognition with their target audience through TV commercials and social media campaigns.
VingaJoy – Startup Challenges
In a business like tech accessory keeping up with the innovations is a major task. A tech revolution can take place overnight and you would not know it. VingaJoy felt the same when wired gadgets were receiving flak because of portability issues. So to cater to this need, VingaJoy decided to dive into wireless products and come up with an ecosystem of wireless audio products.
To name a few competitors, Zaap & Leaf are some of the primary competitors of VingaJoy.
VingaJoy is providing quality with an affordable price tag, so keeping their products under an affordable range is their sure shot to steer ahead of competition while serving growing customers.
VingaJoy – Future Plans
VingaJoy’s products are receiving positive feedback from customers and tech influencers alike. Recently, they on boarded Mr. Ayushmann Khurana as their brand ambassador, which is a good start for their marketing goals. In the future, VingaJoy is looking to tap into IoT and AI based products to serve dynamic needs of tech-savvy consumers.
VingaJoy – FAQs
What is Vingajoy?
VingaJoy provides a wide perspective to enlarge in mobile & lifestyle accessories products, mainly focused on wireless products like wireless earphones, speakers, wireless headphones, wireless mobile chargers, power banks, etc using QI Technology.
Is Vingajoy a brand under Ubon Company?
Yes. VingaJoy is a brand under UBON, a lifestyle brand that deals in fashionable consumer electronics like Bluetooth Speakers & Headphones, Chargers, Cables, Car Accessories, Surge Protectors & other gadget accessories.
Who is Ubon Company Owner?
Mandeep Arora, Om Prakash and Lalit Arora are owners of Ubon Company.
What is Vingajoy Origin Country?
Vingajoy is an Indian origin Company with headquarters in Delhi.
In this hour of need, startups have again risen to the occasion to help India cope with the second wave of the COVID-19 pandemic. From providing free vaccinations to imparting mental health sessions, Indian startups hasn’t left any stone unturned to help the country fight the Covid 19 pandemic. StartupTalky reached out to various startups to know how they are fighting the second wave of Covid 19 pandemic. Have a look!
Look at How these startups are helping the country to fight Covid-19:
Alserv – a tech start-up focused on non-real-estate-based assisted living services for the elderly has now launched “Alserv Care” for COVID-19 positive elderly individuals. This entails delivery of meals, grocery and medicine, facilitating services of nurses and caretakers, providing oxygen support and other medical equipment to the elderly (upon request).
Enabling quality care at home, Alserv provides these services starting at ₹300/month. The elderly can choose home cooked meals to be delivered at their residences from the variety of choices available. Alserv is delivering home-cooked meals through verified service providers who maintain the highest quality and hygiene standards.
For elderly who are living alone, Alserv is facilitating the services of nurses and caretakers who can stay at home with the elderly and take care of their needs. Speaking about the launch of Alserv Care, Jagadish Ramamoorthy, Co-founder & Director, Alserv, said – “Currently in our country, the hospitals do not have the sufficient number of beds to take care of COVID positive individuals. Also, we believe for the elderly, home care is critical in ensuring complete recovery from COVID. We are already receiving positive feedback regarding Alserv Care from our customers.”
To avail this new service from Alserv, users can download the Alserv app from PlayStore/AppStore or reach out to the helpline: +91-044-4666 4888.
The pandemic has increased the emphasis on the ‘human connect’ aspect of the HR function. Startups always run in a super dynamic and fast paced environment, and this element is even more prominent now for those operating in the healthcare sector. At StanPlus, we handhold our employees if they or anyone in their families are affected by Covid. Quarantine facilities and emergency services are provided at no cost. We ensure that our people on ground have sufficient supply of PPE kits and sanitizers always. Considering the industry StanPlus operates in, we realize the pressure and secondary trauma our people go through. Therefore we have taken away the concept of sick leaves. The employees have the liberty to take leaves whenever they feel overwhelmed. We are tackling these uncertain times as a family.
Spokesperson: Sudipta Sengupta, Founder & CEO, THIP Media
While there are a lot of efforts going into managing the pandemic, we are fighting the infodemic (fake news around COVID 19). Infodemic is a major problem even recognized by WHO. From falsifying treatments to creating Vaccine hesitancy – health misinformation and disinformation has major effects at multiple levels. We, as an IFCN certified Fact Checking organization, we weed out such messages from social media, fact check them along with doctors and medical professionals and publish in 7 different languages.
Rite KnowledgeLabs – Startups support during Covid 19
Mumbai-based startup Rite KnowledgeLabs has sanctioned an additional two days as vaccination leaves to all their employees, helping them to cope with the side effects of vaccinations, if any. The startup has provided a ‘no questions’ asked vaccination allowance to its employees, including their family members. The prolonging of the pandemic with a severe second wave has brought with it unique challenges.
At Rite KnowledgeLabs, we have always been proactive in our approach in enforcing the government regulatory directives from the onset of the pandemic and empowering employees to adapt to the ‘New normal’ way of working with a complete #wfh model. It has led to a series of infrastructural changes/support and social adjustments in the way we function.
Zaggle learnt about the challenges faced by Founders to access credit and especially in this pandemic where starts ups are shutting down or in a financial need, to meet their business expenses. This led the Foundation to ZikZuk a Financial Technology company that solves financial pain points of SMEs and Startups. It is a SME Neo Open Banking Platform with FoundersCard as its 1st Product. We want to create a platform for businesses to easily access financial services from different financial service providers. To avoid the hassle of different accounts, having cheque signed by authorities, going through RTGS, we thought this process should be automated through a platform to quickly flake in and move the funds to ensure that the cheque gets cleared without having to go through the process manually.
FoundersCard is a Corporate Credit Card targeted at Business Owners and Founders. It solves the credit problems, and provides an excellent customer experience by leveraging technology and providing easy access to capital. FoundersCard is a Single payment instrument which can be used to Optimize Working capital and Digitally manage all the expenses of a SME/Startup. The card will be available in different form factors such as virtual card, physical card, e-card, on mobile etc. that will be issued to Founders. The credit card will be available in the form of domestic pre-paid, forex pre-paid and corporate credit and various other benefits that really matter to the Founders of start-up companies. Other than that we have helped in distributing ample of Mask, PPE kits to Indian Police, Daily necessities in village around Hyderabad.
Founded in 2017 by Aneesh Nair, Divya Laroyia and Shyatto Rana, MyHealthcare is a digital healthcare platform launched to improve access to healthcare services by connecting hospitals, doctors, and patients online. It works in partnership with hospitals such as Fortis, BLK, and Nanavati for online doctor consultations.
Shyatto, CEO & Co-founder of MyHealthcare, said, “Our partner hospital and clinic doctors have used our digital EMR and virtual consult platform to connect with patients. This convenience has seen a great acceptance from patients, especially during the last few months.
To support patients and hospitals amid the second wave of covid which resulted in the acute shortage of hospital beds and other resources, we launched our speciality healthcare service called MyHealthcare@Home. It is for patients who are under home isolation. Connected with a hospital team that keeps track of the patient’s health and wellness, the command center of the platform allows the medical staff to track vitals, read patient notes, view medical history, prescribe medicines, alert hospitals among other services, all in real time.
The system offers the already overloaded medical professionals a convenience that saves time and equips them with data to provide quick assistance. Moreover, in an effort to further offer primary specialty care, MyHealthcare is providing air and ground medevac for emergencies. This service entails safely transporting a patient from their location to another city hospital, post the confirmation of admission.”
Integration Wizard Solutions extend its health, safety and security solutions to hospitals, retail stores, warehouses, ATMs, etc. Their client relations are built across continents with AWS, Microsoft, Xerox, Godrej, Heineken, Johnson Controls, Tata, etc. They encourage less human contact, better social distancing, and accurate monitoring of patients/ workers/ people/ businesses.
In the last few weeks, we have witnessed the entire country come together, pool in resources and fight the battle against COVID-19. At Cashfree, we wanted to use our technical know-how and existing infrastructure to create a product that will help those who are helping others. Through the release of ‘Payment Links for Donation’, we intend to make the process of collecting donations easier for those who do not have the technical infrastructure.
The pandemic is impacting everyone around the world and every aspect of our daily lives: our social interactions, our family lives, our communities, and, of course, how all of us work. It’s times like these that remind us that each of us has something to contribute and the importance of coming together as a community. We want our employees to know that we are prioritizing the health and safety of them as well as their families first and foremost. To help them weather the second wave of the coronavirus safely, we have announced initiatives to help the, cope with this struggle. This is why we have directed our efforts to not only help our employees, but also their family members so that they can recover well.
The Covid-19 pandemic has been emotionally challenging for many people, changing the day-to-day life of everyone involved in unprecedented ways. As the second wave of the pandemic continues throughout the country, companies are tasked with balancing the health and safety of their employees while continuing to keep them motivated. During this second wave, Furlenco has taken many steps to help its employees in managing through these tough times.
In continuous efforts to tackle pandemic challenges, Ajith Karimpana, Founder & CEO, Furlenco says, “As India struggles with the latest, brutal wave of COVID-19, we at Furlenco are committed to supporting employees, partners, customers, and friends in their efforts to stay safe. We recognize the importance of our delivery staff as Front Liners and are doing everything to ensure their safety, and that of the customers interacting with them.”
Acknowledging their role as front liners during the pandemic, Furlenco has further enhanced Product Sanitization and Packaging Processes to ensure the complete safety of their delivery executives, while caring more for the safety of both our customers and our delivery champs alike. From effective sanitization of furniture and appliances to thorough clean-up after every installation, Furlenco makes sure that safety measures including ensuring social distancing in warehouses, distribution of masks and sanitation of all warehouses are being thoroughly followed to ensure the safety of all.
During this second wave and lockdown, the Furlenco delivery champions are the heroes making sure that products are reaching customers directly in the safety of their homes. Furlenco’s primary focus has been on Vaccinating their Delivery Executives serving as the front line of the business, with the vaccination costs of all employees being 100% borne by the company. This is a major step for the organization in supporting the needs of their delivery partners, benefitting both these providers of essential services and society as a whole with a safer delivery network.
For those employees who have tested positive for the virus, Furlenco has established a Covid Task Force dedicated to closely helping them and their families with any assistance required be it need of medical assistance, medicines, plasma, oxygen cylinders, oximeters and tele-consultation. In the same spirit, their Buddy Programme ensures that each and every employee has a fellow Furlenco team member identified for support and assistance. From its front line delivery staff to company CEO and founder, Ajith Karimpana, every Furlenco employee is equally involved in the programme and has a part to play in supporting the team.
Additionally, advancements in technology and social media present many opportunities to keep people safe, informed, and connected during the second wave of Covid-19. Furlenco has leveraged its Social Media platforms and Internal Communications channels to create awareness for those in need and to broadcast messages regarding Covid-19 help and support.
The safety of everyone around us and their family is of utmost importance. At challenging times such as these it helps to remember that we all want the same thing: for the people we care about to stay healthy, the virus’ impact to diminish, for treatments to be developed and for life to return to normal. That shared sense of hope and purpose can encourage each of us during this difficult time and help us rally to meet the challenges we face. We thank every person at Furlenco for all they are doing to help not just Furlenco, but also the partners and customers who count on us and the communities that we call home. Together, we know we can meet these challenges.
We are trying to encourage startup founders and innovators in the community to contribute towards Covid relief-related initiatives. Our mentor network has stepped up to provide one-on-one strategic mentoring sessions to startup founders in the ecosystem who are contributing to Covid-relief causes. Donations pooled for covid-relief efforts will go a long way toward mobilizing funds and resources for obtaining necessary supplies and coordinating logistics. Any growth stage startup founder or early stage entrepreneur who provides valid proof of such donation is eligible for a venture development mentoring call with an industry expert on their startup company!
Vantage Fit
Startup
Vantage Fit
Founders
Anjan Pathak, Partha Neog
Founded
2011
Headquarters
New Delhi
Industry
Software
Spokesperson: Anjan Pathak, Co-founder & CTO, Vantage Fit
Vantage Fit – Startup helps during covid pandemic
Vantage Fit, an AI-Powered Corporate wellness solution, is devoted to creating awareness about employee health, but at the same time is also dedicated to helping employers, encouraging a healthy lifestyle amongst their employees, which is an integral part of tackling the Covid-19 related health and mental well-being. Vantage Fit, a flagship corporate wellness product of Vantage Circle, was created with the vision of bringing work and wellness together for a sustainable future.
Spokesperson: Amit Nigam, COO & Executive Director of BANKIT
Bankit – Startups support during Covid
Amidst the catastrophic second wave of the pandemic ravaging the country, India’s ongoing vaccination drive is now open for the 18-44 age group, albeit with the government mandating that there will be no walk-in vaccinations for this age group, and everyone must register on the CoWin app to book a slot. However, a large chunk of India’s population resides in the hinterlands, in remote areas with little to no access to technology. Besides, many may not be tech-savvy either, thereby needing a certain degree of handholding to complete the self-registration process and book a slot.
Against this backdrop, BANKIT, a Noida-based FinTech startup, through its DigiMitra outlets, is assisting India’s rural population in registering for getting inoculated faster through its portal. With the link of the CoWin self-registration portal in the BANKIT agent app and portal, BANKIT is committed to doing their bit to ensure that every citizen in the country get the vaccine at the earliest. People who are not digitally equipped or informed can go to the nearest BANKIT outlet and have them registered through the BANKIT app and portal. BANKIT has 60,000+ agent outlets spread across 8800 pin codes PAN India. Through this initiative, BANKIT aims to handhold over 2.2 million citizens across the country for COVID-19 vaccine registration from their outlets.
There is a huge digital divide between rural and urban India. Despite significant growth overall in terms of technology adoption, rural India is still not well equipped or skilled to use available digital sources. BANKIT has always been committed to bringing digital services to rural areas and helping the people utilize the same. Through this initiative, BANKIT will be including the vaccination link in its app and portal where our correspondents can help those in India’s hinterlands register them for booking appointments for getting inoculated. We hope the country soon recovers from the pandemic and bounces back to normalcy.
BANKIT agent outlets witness over 2 crore customers walking in each month to avail its wide range of banking and financial services.
Spokesperson: Nithya J Rao, Co-founder, Heart It Out
Heart It Out helps during covid 19
Heart It out is a mental health organisation. The pandemic has deeply affected the mental health of people. Heart It Out launched ‘Brief Relief’- a 24×7 Free chat service which provides an individual with immediate emotional support in a safe and non-judgemental environment. The helpline aims at de-stigmatising mental health and providing accessibility in eleven Indian languages.
Enduring these unprecedented times gets a lot easier when we connect, share and seek support from those walking the same path. Heart It Out has thus been conducting ‘Pandemic Peer Support Sessions’ to enable listening authentically to peers sharing their everyday experiences so we extend and receive support from one another. These sessions are open to all front line workers in various sectors like medicine, security and food delivery. Aside from these we also offer regular one-on-one psychotherapy, workshops and light hearted, fun events. We have served over 8000 people over the last year in various capacities.
With the second coronavirus wave disrupting the startup environment, AAIENA has been trying to help the retail vendors by harnessing technology. AAIENA, an Artificial Intelligence and Augmented Reality based body measurement sizing software, came up with virtual shops to provide retailers with a platform to carry on their business online. This helped them earn by creating their visibility amongst the target audience. Here, AAIENA also devised an alternative feature, trial and earn initiative, to help vendors earn even when they are unable to sell the product. The vendors are entitled to get 70% of revenue for getting the per trials which is safe & secure.
Lifelong India
Startup
Lifelong India
Headquarters
Gurgaon, Haryana
Industry
Consumer Durables, Home Appliances
Spokesperson: Bharat Kalia, Co-founder & CEO, Lifelong India.
Lifelong India fights Covid 19
In these unprecedented times, we have witnessed how the nation hascome together to bravely battle the pandemic. As a brand, we knew our efforts had to be two-fold, so we could help and ease the worries of both, our customers and our employees. We understood the importance of certain kitchen appliances, like gas stoves and mixer grinders, and how crucial they are for everyday use. When our customers requested support or service for these products, and we were unable to provide it due to strict lockdown restrictions within their district, we replaced the product for them through no-contact delivery. We ensured that our customers’ grievances were adequately and timely addressed. For our employees and their families, we opened up our call centre lines to verify any leads and availability of beds, injections, medicine and oxygen. When someone tested positive, they could focus on getting better without worrying about tracking leads. We supported our team further, by providing health insurance that included covid coverage.
Spokesperson: Bharti Singh, Sr Manager – People, Leverage Edu
Leverage Edu – Startups Fighting Covid 19
As things started to get bad last week, Akshay asked us to set up a small team to help internally. That very quickly scaled into we helping patients and their families across the country, bulking up the team, and being able to help more than 300 people already. Alongside, Akshay also recently announced free vaccines for all of our 200 employees & their families, & at the moment we are also working towards setting the logistics of it. It’s empowering to work in a missionary company, where the focus is on always doing the good, all else later.
Conclusion
These startups have proved that nothing is impossible! Even in this pandemic situation, individuals and groups are coming forward to help the humanity survive. It is this dedication, commitment and positivity that will help the country to fight the Covid. If you’re a startup that has joined the fight towards Covid 19, do contact us to get featured in the list.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by ElaWoman.
Infertility is a topic people don’t talk about openly. It is the inability to conceive children even after frequent, unprotected sexual intercourse over a year or more. It’s a condition that impacts couples both physically and emotionally, often ruining relationships.
Victims of infertility are more often than not left disheartened by bogus advertisements and claims that guarantee a sure-to-work solution for this medical condition. In the end, they don’t get the desired results and regret spending so much for nothing.
ElaWoman is a visionary healthcare startup making a significant difference in the lives of those affected by infertility. ElaWoman provides customized plans and treatments to solve this problem through the use of latest technology and data analytics. The transparency in treatment is what differentiates ElaWoman from others. Moreover, safe and easy financial options ensures couples with financial difficulties are not left out out.
Elawoman helps couples who are struggling to realize the happiness of parenthood. Treated as a taboo, topics such as infertility are not discussed openly on healthcare platforms. This leaves no choice for patients but to blindly believe marketing gimmicks of a non-transparent ecosystem setup by some doctors and clinics in the medical industry. This is why out of 10% of couples (of child-bearing age) facing fertility issues, only 1% go for treatment.
ElaWoman was born as a one-stop solution portal to counter the increasing occurrence of fertility problems worldwide and the increase awareness about the same. The entire team makes it a point to bring the best quality infertility treatments to couples at affordable prices.
ElaWoman – Target Market
The infertility treatment/diagnosis segment is expected to grow steadily in the coming decade. According to a top research firm in India, this industry is set to grow at 13% CAGR in the year 2020. The rapid advancements in the field of infertility medicines is can be attributed to increasing child-bearing age, growing usage of contraceptives, and altered lifestyles.
The field of infertility medicine comprises fertility drugs, infertility-related surgeries, and Assisted Reproductive Treatments (ARTs). Latest developments include Frozen Embryo Transfer (FET), Preimplantation Genetic Diagnosis and Screening (PGD/PGS), and Anti-Mullerian Hormone (AMH) tests to name a few. Array Comparative Genetic Hybridization (CGH) was recently introduced to increase the success rates of infertility treatments. A huge potential exists in this field which needs to be exploited and utilized for the welfare of couples across the globe.
How was ElaWoman Started?
The Elawoman founders came across several cases that revealed couples struggling to find a good infertility clinic or doctor for treatment. They also realized the stigma and taboo surrounding infertility issues; affected couples are afraid to discuss their issue in front of family members and friends.
ElaWoman solves the problem by bringing in transparency and independent facilitation through data analytics and other technological mediums. It offers a system that provides unbiased transparent information on doctor and centre data, treatment pricing, clinical success rates, and past patient reviews.
Couples get the benefit of having a personal health assistant to help them in each step of conceiving. The service is an end-to-end platform providing access to different features and plans.
Furthermore, ElaWoman provides information on over 5,000 fertility hospitals and doctors for IVF, IUI, ICSI, surrogacy treatments, and pregnancy care services. The fertility centres and doctors partnered with ElaWoman are encouraged to provide a transparent, upfront, and affordable pricing structure for infertility procedures. Patients are provided with customized treatment packages for result-oriented execution of the chosen infertility treatments. The customization is done based on the treatment cost, patient appointment, and the clinic/centre chosen. Ela specialists assist patients in the personalization of infertility treatment packages.
ElaWoman – Founders And Team
ElaWoman was founded by Ritu Singh, Yogesh Agarwal, and Aditya Kandoi.
Elawoman founders Ritu Singh, Yogesh Agarwal, and Aditya Kandoi (L to R)
Ritu Singh : Born in 1988, Ritu did her schooling from St. Thomas School and then pursued a B.Tech from Netaji Subhas Institute of Technology in 2005. She then did an MBA in Marketing from IIM, Udaipur. Ritu Singh is the CEO of ElaWoman.
Yogesh Agarwal : Yogesh was born in 1986 and completed his schooling from Birla High school. He obtained a Bachelor’s in Electrical Engineering from IIT, Varansi in 2005. Post graduation, he joined Lancaster University for an MBA. Yogesh is the Chief Technology Officer (CTO) of ElaWoman.
Aditya Kandoi : Aditya Kandi was born in 1989 and is an IIT Varanasi alumnus. He later did his MBA from Warsaw School of Economics. Aditya is currently working as the Chief Operating Officer (COO) of ElaWoman.
ElaWoman – Name, Logo, And Tagline
Logo of ElaWoman
ElaWoman was chosen as the brand name since Ela stands for a beautiful person surrounded by several friends and their loved ones. The company logo consists of a butterfly that demarcates freedom; the freedom ElaWoman gives couples in the form of parenthood.
ElaWoman – User Acquisition
We were on cloud nine when we met the achievement of the first 100 customers. Initially, it felt like a challenge as our concept is a new one. But then we came out with a combination of ways to reach the audience and have 100 successful customers – Ritu Singh, CEO of ElaWoman
The ElaWoman team leveraged the power of social media and user-oriented information through website’s blog section. This was combined with the reach of advertisements to target the desired audience.
Initially, it was difficult to attract customers/couples towards the concept of infertility treatment but the quality and usefulness of ElaWoman’s services made this possible. Testimonials of patients who had infertility treatments at the top centers and hospitals along with impressive success rates helped several couples contact Elawoman and trust its services.
Reaching the first 100 customers and helping them have successful infertility treatments was a remarkable experience for ElaWoman and a milestone.
ElaWoman has evolved into a healthcare platform dealing with infertility medicine, treatments, and surgeries. The innovative ElaPay facility, the first payment mode in the field of medicine, has also made it easy for patients to take a step forward. Ela’s medical loans have made the financial aspect of the treatment more hassle-free than expected. Patients also receive guidance on travel and accommodation as part of their infertility treatments.
ElaWoman – Startup Challenges
One of the biggest challenges which we faced during our initial days was mainly to convince couples to consult an infertility specialist about their infertility issues. Also, we had difficulty in making patients understand our unique brand concept – Ritu Singh, CEO of ElaWoman.
The team eventually cracked it through timely counselling and discussions with several couples in collaboration with medical specialists and psychologists; distinguished medical professionals known for successfully dealing with some of the most complicated medical cases.
Chiratae Ventures with co-investor Alkemi Venture Partners
ElaWoman – Future Plans
ElaWoman has achieved several milestones in the domain of infertility medicine since its launch. ElaWoman today has a network of more than 11,500+ doctors and clinics. Ela has its footprints in over 89 cities and 11 countries. Features such as ElaPay and Ela medical loans have made the treatment for patients a smooth sail. The company’s future looks promising with expansion plans.
ElaWoman – FAQs
What is ElaWoman?
ElaWoman is a visionary healthcare startup making a significant difference in the lives of those affected by infertility.
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 LaYuva.
The E-commerce industry in India is growing at a very fast pace. Most of us now prefer to order our essentials online rather than buying from any brick-and-mortar shop. The revenue from the e-commerce industry is expected to grow from the USD 39 billion in 2017 to USD 120 billion in 2020. The annual rate of growth in the e-commerce industry in India is 51%, which is the highest in the world. Considering the growing popularity of e-commerce in India, Rahul Bahukhandi and Haifeng Yang(alias: Tim), founded LaYuva, in 2018. LaYuva offers high-quality imported items to the Indian consumer.
Startuptalky interviewed the founder of LaYuva, Rahul Bahukhandi to understand and know more about the company.
Discover more about LaYuva by reading the complete article
LaYuva is a share and earn platform and provides cashback to those who share their products on any social media network and helps in sales generation. LaYuva offers high-quality imported items to the Indian consumer. It imports goods directly from manufacturers in different countries of the world and sells these imported items in India at reasonable rates.
LaYuva also has a share and earn feature, wherein customers can earn money by sharing the products on social media platforms. Besides, it is the first of its kind e-commerce site in India that operates on a multilevel marketing model. LaYuva is a built-in multilevel marketing model, which helps the users set up their businesses by optimally utilizing their offline and online connections.
LaYuva – Vision & Mission
LaYuva’s vision is to provide access to high-quality imported products and a better lifestyle for its users. Through its ‘share and earn’ feature and multi-level marketing model, the company also aims to create entrepreneurs.
Its mission is to build a one-stop platform for both sellers and customers where users can purchase premium imported household products and create an ecosystem that facilitates individuals to start and scale up their own multilevel marketing business.
LaYuva – Industry Details
The Indian e-commerce market is currently pegged at USD 36 billion and is touted to exceed USD 100 billion by 2022.
LaYuva – Founder & Team
Rahul Bahukhandi and Haifeng Yang. (alias: Tim) are the founders of LaYuva.
Rahul Bahukhandi & Haifeng Yang| Founders, LaYuva
Rahul Bahukhandi has rich experience in the mobile VAS and internet industry. He worked in organizations such as UCWeb, an Alibaba Group company and Baidu, one of the largest AI and internet companies in the world.
Haifeng Yang whom Rahul met during his stint with UCWeb is a Chinese citizen who has diverse experience of working in the handset and mobile internet companies including Huawei, UCWeb and Baidu.
The Company has a team size of 100 employees at present with around 35 of them based out of the Gurugram office while the remaining operate from China.
LaYuva – How It All Started?
Any startup begins with a thought or idea to change a setting which is causing inconvenience to people at large.
Rahul and Tim were having a discussion one day as to how customers have limited options of daily household products to choose from and the available ones are highly priced. Likewise, the sellers have limited quantity and variety of products to offer and have to incur a substantial cost for procuring the products.
This discussion struck the idea in their mind. They thought that they could bridge this gap and make available a wide variety of high-quality imported products from international markets at reasonable rates to both customers and sellers.
Rahul and Tim had rich experience of working in a handset, internet and mobile VAS companies. So they decided to use this experience to create a platform that integrates the capability of the internet and provides convenience to users and sellers to shop and sell from anywhere. They established connections with manufacturers from Europe, Asia, Australia and America, and started importing products directly from them without involving any middlemen.
The Company’s logo comprises of 3 hearts which signifies – Supplier, Platform & Customer.
We want to appeal to the youth and encourage them to become entrepreneurs. That explains the use of ‘Yuva’ in our name. We associate ‘La’ with fun and hence the name that struck the chord was ‘LaYuva’.
LaYuva – Product
While in most e-commerce platforms sellers register on the platform to sell products, LaYuva imports high-quality products and premium brands directly from international manufacturers/brands. It imports products in the fashion, clothing, electronics, beauty and skincare, home utility and home decor categories.
The company has a robust supply chain network that spreads across Europe, Asia, Australia and America. LaYuva is working with a network of resellers who promote their products online and offline. It offers cashback on every purchase to all the customers.
LaYuva received funding from Onion OMALL, a China-based cross-border e-commerce platform specializing in social retailing. The Company is using this fund to increase its product range and launch new product categories. It is also working to boost its supply chain network.
LaYuva – Business Model
The basic premise of LaYuva ’s business model revolves around Multi-Level Marketing.
A user can become an executive member by purchasing a goodie bag worth INR 1990/- from LaYuva. In return, the user gets a gift along with the cash coupons worth INR 2000. On becoming an executive member, a person can earn up to 40% of cashback on sharing or purchasing LaYuva’s products.
The next level which an executive member can aspire to reach is a manager which will require him to have 40 executive members, which includes at least 10 direct members under him. The other alternative is that the team’s accumulated sales should be over INR 1,20,000. In that case, too, the person qualifies to be a Manager.
On becoming the manager, the person will start getting 25% of the commission of what the executives under him will get as cashback. Thus, the manager will start getting rewarded for the chain he has formed and all sales happening through his chain will earn him extra money by way of commission. A manager can become a director by having a team of 30 managers (either Direct/ Indirect) including him/her. Here too, the other qualifying criteria to become a Director is that the Manager’s team’s accumulated sales should be over INR 50,00,000.
LaYuva’s Business Model
Once the person achieves the target and becomes a director, he/she can start earning 25% commission of what his/her team will get as cashback. Over and above this, the director will also earn a 25% commission of the management bonus received by all the managers in his team in addition to 25% of his manager’s (direct +indirect) settled monthly cashback.
Every member, irrespective of their position will get 10% – 40% cashback in their wallet for every product they purchase or share. There is also an instant incentive when any member builds his team and gets a new executive on board. When an executive gets another executive on board, he will get a cashback of INR 500.
Similarly, a manager getting an executive to join the team will get INR 800 cashback for the direct executive and INR 200 for the indirect executive. In the case of a director, the cashback amount increases to INR 1000 in the case of a direct executive. For indirect executive addition, the director will get INR 200 cashback and when a manager under a director invites an executive under them, the director still gets INR 100.
As such one can simply start to earn money through share and earn with LaYuva. Or can register with it as an executive member and start a multilevel marketing business to sell word-class imported items.
LaYuva – Challenges
As is always the case the initial days for any organization are the most challenging. The major challenges faced by LaYuva were, hiring and retaining a stable team to take care of operations, identifying sources for importing products and managing the financial cash flow of the business.
We managed to sail through all the challenges and have successfully completed one year of operations.
Though there are many major players like Amazon and Flipkart in the e-commerce market, LaYuva is unique in its own way. While in most e-commerce platforms sellers register on their platform to sell products, LaYuva imports products directly from the manufacturers. Thus, LaYuva procures imported goods at low cost and passes on its customers’ benefits.
LaYuva – Achievements
LaYuva has successfully expanded its customer base. It is now delivering products to Delhi, Noida, Ghaziabad, Chandigarh, Pune, Gurgaon, Nagpur, Mumbai, Ahmedabad, Kolkata, Bhubaneshwar, Indore, Bangalore, Hyderabad, Lucknow, Kanpur, Jammu & Kashmir, Ludhiana, Mohali, Gangtok, Nainital, Jabalpur, Chennai, Surat and Gandhinagar. The company earned a revenue of USD 5,00,000 in 2018-19.
LaYuva – Future Plans
LaYuva plans to expand its supply chain network to import quality products from more countries. Also, it’s ready to sell products in other SEA countries apart from India. The company plans to add more product categories in the future.
Anamika Mahapatra
