StartupTalky

Tag: indian startups

  • How the Airtel Startup Accelerator Program is helping Startups Grow

    One of India telecom giants Bharti Airtel launched its Startup Accelerator Program in 2019 to support growth of early stage Indian tech startups. With the advent of its Startup Accelerator Program, Airtel aims to support the creation of a vibrant startup ecosystem that contributes to Digital India. Airtel believes that new technologies like AI and Machine learning could be leveraged to aid the growth of startups.

    The program will help early stage startups get access to Airtel’s online and offline distribution network, deep market understanding and ecosystem of global strategic partners. With the Artificial intelligence and machine learning (AI/ML) becoming the next big thing in technology, the program has also developed strong in-house capacities for using these new age technologies.

    Moreover, the startups will also get access to advisory services form Airtel executive team. Chief product officer of Bharti Airtel, Adarsh Nair on the launch of the accelerator program shared that early startups in India have exciting ideas but face multiple challenges in scaling up. He added, “With Airtels scale and digital capabilities around distribution and payments, we have the potential to drive the accelerated growth of emerging startups that are solving hard problems”.

    A Brief about Bharti Airtel
    How does the Startup Accelerator Program help Startups?
    Some Startups under the Accelerator Program
    FAQs

    The Success Story Of Bharti Airtel: A Case Study
    Bharti Airtel is a public limited company commonly known as Airtel. It is anIndian telecom company which is currently operating its business across southAsia, Africa and Channel Islands, it is also into the GSM providing business inall the countries including 2G and 3G services. Due to its operat…
    StartupTalkyPV Vyshnavi

    A Brief about Bharti Airtel

    Airtel is a global telecommunications company with operations in 18 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its mobile network covers a population of over two billion people. Airtel is India largest integrated telecom provider and the second largest mobile operator in Africa. At the end June 2020, Airtel had approx. 420 million customers across its operators.

    The portfolio of airtel includes high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1Gbps and converged digital TV solutions through the Airtel Xstream 4K hybrid box. It also has digital payments through Airtel Payments Bank as well as an integrated suite of services across connectivity, collaborations, cloud and security that serves over one million businesses.

    Airtel OTT services that includes Airtel Thanks app which is made for self-care, Airtel Xstream app for video, Wynk Music for entertainment and Airtel blue jeans for video conferencing. In addition, Airtel has forged strategic partnerships with hundreds of companies across the world to enable the Airtel platform to deliver an array of consumer and enterprise services.

    How does the Startup Accelerator Program help Startups?

    Airtel Startup Accelerator Program allows startups to leverage Airtels robust ecosystem including its core strengths in data, networks, payments and distribution. The program includes an access to a vast range of online and offline distribution network that touches 300 plus customers, deep market understanding and platform of global strategic partners.

    Madhav Krishna, Founder and Chief Executive Officer, Vahan with Adarsh Nair, Chief Product Officer, Airtel
    Madhav Krishna, Founder and Chief Executive Officer, Vahan with Adarsh Nair, Chief Product Officer, Airtel

    Further, startups also get access to advisory services from Airtel’s executive team. In India, Airtel serves customers across mobile, landline and DTH verticals. The program was introduced on 25th October 2019, Airtel will help early startups with its online and offline distribution network, deep market understanding and global strategic partner ecosystem.

    The company said in a statement, “With its Startup Accelerator Program, Airtel aims to support the creation of a vibrant startup ecosystem that contributes to Digital India”. Airtel has also developed in-house capabilities around machine learning (ML) and artificial intelligence (AI), which could be leveraged to aid the growth of startups. The statement added that the startups will also get access to advisory services from Airtel’s executive team.

    Some Startups under the Accelerator Program

    the companies under the airtel startup accelerator program
    The companies under the airtel startup accelerator program

    Vahan

    Vahan is a Bengaluru-based tech startup and the first company to come under this program. The telecom has brought 8.8% stakes of the tech startup and will partner with them to achieve their visions of enabling jobs for the next billion internet users with the help of AI based technology. The company was founded in 2016 and is backed by YCombination and Khosla Ventures.

    The company is focused on finding blue collar jobs for millions of young Indians in Delivery, Driving, Retail, BFSI, BPO and Hospitality sectors with companies such as Zomato, Swiggy and Dunzo as clients.

    Madhav Krishna, Founder and Chief Executive Officer, Vahan, in a statement said, “Most blue-collar job seekers are unaware of the opportunities that exist in the market, especially new-age on-demand jobs. Airtel’s distribution channels will help us reach the depths of the country and in turn, help them take control of their economic destiny.”

    Vahan leverages advanced Artificial Intelligence to match job seekers with employers inside messaging apps such as Whatsapp.

    Waybeo

    Waybeo is a Trivandrum headquartered startup which focuses on deep AI based analytics for cloud telephony, is the fifth to join the fast growing Airtel Startup Accelerator Program, which helps promises startups unlock their potential. Airtel has chosen Waybeo to be a part of the program as it is part of its strategy to scale up its cloud offerings. As per IDC, the public cloud services market in India is likely to reach US$7.1 billion by 2024.

    Adarsh Nair, Chief Product Officer, Airtel said: “Cloud technologies are transforming the way businesses serve and delight their customers. We are thrilled to onboard Waybeo to our Startup Accelerator program and provide them a platform to scale up their technologies as part of Airtel’s world-class cloud services ecosystem.”

    Waybeo has managed to build a cutting edge analytics tools for the enterprises cloud telephony segment. Under the Airtel Stratup Accelerator program, Waybeo solutions will get larger distribution reach while giving Airtel access to waybeo proven as well as emerging technologies. Airtel serves over 2,500 large enterprises and more than a million emerging businesses with an integrated product portfolio, including Airtel cloud, a multi cloud product and solutions business.

    JioMeet, Zoom Gets a New Competitor As Airtel Introduces BlueJeans
    On Tuesday, Bharti Airtel has announced the launch of their video conferencingplatform Airtel BlueJeans in partnership with Verizon, US based telecom company.Although, it is only available for the Airtel customers only, unlike the JioMeetplatform. The video conferencing platform has not been la…
    StartupTalkyYash Raj Srivastava

    Voicezen

    The other company that came under the program was Voicezen, which is a Gurgaon-based startup that works on developing advanced solutions that leverage machine learning, AI, speech to text and voice technologies to offer real time analytics to help brands serve customers better. The global conversational AI market size is expected to grow from USD 4.2 billion in 2019 to USD 15.7 billion by 2024. The megatrend will be driven by surging demand for AI powered customer support services and Omni channel deployment.

    Increased customer engagement through social media platforms and integration of advanced AI capabilities will offer massive opportunity. The investment will give Airtel preferred access to Voicezen’s technologies, which can be deployed across its customer touch points in multiple languages. These intelligent solutions will offer real time analytics and insights to make Airtel’s conversations with its customers more engaging and frictionless and enable faster resolution.

    It will also allow Airtel to make contextual offers to customers based on real time conversations. Voicezen is the third startup to become a part of the Airtel startup accelerator program. By becoming a part of this program, Voicezen will get the opportunity to deploy its technologies on a massive scale and work closely with Airtel on developing India first platforms of the future. Voicezen helps brands deliver a better customer experience in Indian language using Conversational AI.

    Apurba Nath, founder Voicezen said , “Having worked on AI solutions in the past, we knew what works well in a lab most often doesn’t work in the real world, because either the training data is not large and relevant or the problem has little business significance. Our partnership with Airtel helps us solve these challenges. With this strategic investment, we will work even more closely with them to continuously improve our AI models and build out an enterprise grade battle hardened product that will make customer interactions more efficient, especially in this post Covid world where business operations are facing large disruptions.”

    Spectacom Global Pvt. Ltd

    Airtel has also picked stake in Spectacom Global Pvt. Ltd which is a fitness focused startup, through its Airtel startup Accelerator Program. Airtel will work with the startup to increase the adoption of its services by leveraging its digital platforms, including Xstream and Wynk Music. Adarsh Nair said that, “This also fits into Airtel strong focus on connecting with the youth and providing them digital platforms to fulfill their aspirations”.

    The Gurugram based Spectacom, set up by Adnan Adeeb and Zeba Zaidi, says it create digital content that allows consumers across geographies and languages to access health and fitness training initiatives and programs. The firm will also work to creating and promoting product lines such as training and nutrition videos along with live sporting events.

    Lattu Kids

    Foraying in the edtech sector, Bharti Airtel has acquired a 10% stake in Lattu Kids for as part of the Airtel Startup Accelerator Programme. The startup is Mumbai-based and was founded in 2017 by Vivek Lath, Vivek Bhutyani and Arvind Kumar. They offer learning and development content through streaming platform for kids between three to eight years of age.

    Bhutyani, CEO of Lattu Kids, commenting on the investment by stating, “With Airtel, we have found an equally passionate partner and our synergies in this space will allow us to scale Lattu to millions of kids in India across classes and make it a much-loved homegrownn edtech brand.”

    With the pandemic the edtech sector has seen a huge boost so this investment will pay off definitely. Airtel will be able to add edtech to its premium digital content portfolio and offer quality learning material compiled by the company.

    Conclusion

    With these investmet, Airtel will be able to capture a larger audience. They forayed into fitness, edtech, AI as well as blue collar job provider platforms. These startups will also be able to reach a wider audience and get mentorship from industry experts. Overall, it’s a win-win for all.

    FAQs

    How do Accelerator programs work?

    Accelerator programs are mainly programs of limited-duration that help startups with the new venture process. They usually provide a small amount of seed capital, plus working space and mentorship help with their growth in the ecosystem.

    What are the benefits of Airtel startup accelerator program?

    The program will help early stage startups get access to Airtel’s online and offline distribution network, deep market understanding and ecosystem of global strategic partners. With the Artificial intelligence and machine learning (AI/ML) becoming the next big thing in technology, the program has also developed strong in-house capacities for using these new age technologies. Moreover, the startups will also get access to advisory services form Airtel executive team.

    What services does Airtel provide?

    Some Airtel services include high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1Gbps and converged digital TV solutions through the Airtel Xstream 4K hybrid box. It also has digital payments through Airtel Payments Bank as well as an integrated suite of services across connectivity, collaborations, cloud and security that serves over one million businesses. Airtel OTT services that includes Airtel Thanks app which is made for self-care, Airtel Xstream app for video, Wynk Music for entertainment and Airtel blue jeans for video conferencing.

  • TOSSHEAD – Customer Centric Event Management Company

    Each one of us must have hosted some events at some point in our lives. Either it is a casual get together for the close friends or a grand personal or corporate event, as a host we always want the event to be successful. The motif of every host is to make an event enjoyable and pleasant for the guests. However, every event big or small event requires a good amount of planning and arrangements. So for those important events at your home or office, it is always a good idea to take help from professionals.

    Meet Tosshead, the event management experts. This Bangalore based startup is here to solve all your event related owes by not only providing event packages but it is also the first online platform in India which rents equipment required for events. The company formed in 2018 is on a mission to simplify the super complicated task of organizing a perfect event.

    Tosshead Highlights

    Startup Name TossHead
    Headquarter Bengaluru
    Founder Shank K Vasudev
    Sector Event management
    Founded 2018
    Parent Organization TOSSHEAD Events India Private Limited

    Tosshead – Industry Details
    Tosshead – Founder
    Tosshead – The Idea and Starting Up
    Tosshead – Services
    Tosshead – Business and Revenue Model
    Tosshead – Funding
    Tosshead – Partnership
    Tosshead – Challenges
    Tosshead – Competitors
    Tosshead – Future Plans
    Tosshead – Founder’s Advice
    Tosshead – FAQs

    Tosshead – Industry Details

    Event Management industry is expected to witness an exponential growth with over 25% y-o-y over the coming few years. As reported by EY-EEMA (Event and Entertainment Management Association), events industry in India is expected to surpass INR 10,000 crore mark by 2020-21. This growth in industry is because, the range of events that people are looking for has increased from birthdays and marriages to celebrations across various individual and corporate events. From being an unorganized industry to being an organised sector, the next phase key growth driver for event management is going to be in the form of digital and reaching out to masses.

    Tosshead – Founder

    Shank K. Vasudev founder Tosshead

    Shank K. Vasudev is the founder of Tosshead.

    Shank always believed in innovation creativity and simplicity since his childhood. He completed his 10th grade with great difficulty from a remote village, Cuddapah in Andhra Pradesh. Soon, young age crisis caught him and he was much confused about life.

    The dilemma wasn’t of what I need to study further but how I need to be different in life.

    As the life moved on he decided to take mathematics, but life continued to embarrass him as he thought he was doing the same routine as others are doing.  So, instead of joining any engineering college, he wanted to learn finance and accounting which would also help in running a business. While making this decision, he realised that instead of spending 3 years in graduation he can join a correspondence course and at the same time to gain experience. From there on everything started falling in place.

    Prior to founding Tosshead, Shank worked with several organizations. At his first job, he used to sell Philips accessories and salary was mere INR 1000. Yet, he somehow survived there for 1 year and 2 months. For the next 2 years, he worked at BPL mobile, selling SIM cards. He got his  break with Kothari Pioneer Mutual Fund, where he worked for 12+ years and held many senior positions within the company.

    Currently, Tosshead has 9 members. Shank knew them personally for the past 5-6 years as they were from same industry. Also it was very easy to get them onboard as they liked the innovation in the event space which they believe is a big game changer.

    Our team is personally handpicked from known and reference sources so that they stick around for long run.

    Tosshead – The Idea and Starting Up

    Tosshead Logo

    The inspiration to start an event management company came to his mind on an official trip to HongKong in 2010. He hired an Event Management company for the customers but he wasn’t happy with their services. This baffled the customers and also made the situation embarrassing. On returning from the trip, he assessed his personal situation and decided to quit his job to start an event management venture.

    I did not think beyond. One night, I had made up my mind to offer the best to customers as an event management company and it all began 9 years ago. At the age of 33, I quit my job and went ahead to set up my own start-up and led for the birth of an event management company.

    The increase in disposable income with consumers and a growing economy offered him enough opportunities to push ahead the agenda of offering every type of events. From personal events to family events to corporate events and even fashion shows, Tosshead has done it all. Till now the company has managed over 10000 events. Apart from managing corporate events for several years, an idea to offer event equipment for hire stuck in his mind. This led to launch a website – India’s First platform to book event packages or event equipment.

    I am confident that the simplicity of customized packages and a range of equipment would be a game changer. Since Event Management as a concept has hardly been perceived as an online product, my ambitious project TossHead, would fill the void.

    Tosshead – Services

    Tosshead is a one stop solution for all your event related needs. With just 3 clicks – you can book event packages or event equipment online.

    It manages all kinds of events like DJ party, karaoke, corporate conferences, annual day, award nights, theme parties, marketing promotion events or sports events.

    If an event is on your mind, we will make it happen.

    Besides, Tosshead offers for hire each and everything required for an event, like, anchors, Dj machine, karaoke machine, LED wall, decoration items etc.

    Our strength is creativity, conceptualizing, implementation, execution and equipment. The expertise of Tosshead lies in our ideation and execution backed by a passionate team of professionals who are not satisfied until the event does not set a benchmark for quality.

    Tosshead – Business and Revenue Model

    The Tosshead business model operates in both B2B & B2C models and for every booking on the platform, Tosshead takes a commission.s

    Tosshead – Funding

    Tosshead raised $3 Million seed fund from NRIs based in US on March 2019. This is Tosshead’s maiden round of funding.

    Date Stage Amount Investors
    March 2019 Seed $3Million Angel Investors

    Tosshead, which is currently operating only in Bengaluru, is planning to use this fund for expanding to other major cities like Delhi, Mumbai, Chennai and Hyderabad within the next 6-12 months. Besides, it will also use a part of the fund to upgrade its technology.

    Tosshead – Partnership

    In March 2019, Tosshead partnered with OYO. OYO is the largest and most popular hotel booking platform in India. Owing to this partnership, now the users can also book banquet halls through the Tosshead platform

    Tosshead – Challenges

    According to Shank, technology was one of the major challenges for the company.

    To offer the best user-friendly experience to the website visitors is a demanding job.

    Tosshead – Competitors

    There are many event management companies like Cineyug Entertainment, Wizcraft, Cox and King, Fountainhead etc which are major players in the Industry and poses a tough competition for everyone around.

    However, Tosshead’s USP is that it also provides  event related equipment on hire and it is first of its kind platform in India.

    MeraEvents: Redefining Event Ticketing And Management
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. A lot of work goes behind organizing a successful event. Ideation of the event,putting up a soli…
    StartupTalkyLakshya Singh

    Tosshead – Future Plans

    Tosshead’s future plans are-

    • To be in all major cities of India by the next 1-2 years.
    • To keep adding a whole lot of event related things in the company’s website.

    Tosshead – Founder’s Advice

    Don’t create a product, let the product innovation create you!

    Tosshead – FAQs

    What is Tosshead?

    Tosshead is a one stop solution for all your event planning and management needs. With just 3 clicks – you can book event packages or event equipment online.

    Who founded Tosshead and when?

    The Tosshead founder is Shank K. Vasudev and he founded the startup in 2018.

    Where is Tosshead available?

    Tosshead is currently available in Bangalore, Chennai and Hyderabad.

  • SpiceTree Design Agency – Offering Creative Marketing Solutions

    SpiceTree Design Agency Highlights

    Startup Name SpiceTree Design Agency
    Headquarter Mumbai
    Founder Shiraz Khan
    Sector Web Designing and Marketing
    Founded 2004

    An attractive website, a well planned digital marketing strategy or an appealing print ad campaign, all these are quite essential for every company big or small. SpiceTree Design Agency in Mumbai provides a one-stop solution for all these needs.

    Shiraz Khan, a man with a passion for creating unique and innovative advertisements and marketing messages, founded this venture. SpiceTree Design Agency was set up in 2004. This creative branding agency is now operating in a wide field from website designing to CMS, from digital marketing to print media marketing  services like designing print ad campaigns and marketing collateral.

    SpiceTree Design Agency – Mission and Vision

    SpiceTree Design Agency’s vision is to create marketing opportunities that will inevitably drive worldwide growth of their clients. The company’s mission, on the other hand, is to push brands into unchartered but engaging territories; continuously inspiring effective communications using new-age technology that create and stimulate their clients’ growth opportunities.

    SpiceTree Design Agency – Industry Details

    As per reports by Magna Global, a division of media agency group IPG Mediabrands, print media ad revenues are expected to reach Rs 22,424.3 crore in 2019.

    The digital marketing industry is accelerating at an unprecedented rate, with no intentions of slowing down. The Indian digital marketing industry is expected to grow at 32% CAGR to Rs 18,986 crore by 2020.

    The advancements of technologies like AI and machine learning, analytical tools and blockchain technology aren’t merely trends in the industry. These developments are instead raising the threshold for industry performance. In addition, voice searches and other personalized approaches are expected to become a mainstay in digital marketing strategies. All these prospects cumulatively make it a fascinating time to contribute to the industry as the horizons of consumer personalization and engagement are broadening.  

    GingerCup – Business model, Funding, Future plans, Founders
    Tea is India’s most favorite beverage and tea breaks are something that everyoneenjoys. We rewind, relax, chat and discuss over a cup of tea. Bangalore basedstartup Gingercup is trying to make the best out of tea breaks, by reaching outto the potential customers at tea time through their branded …
    StartupTalkyChayanika Goswami

    SpiceTree Design Agency – Founder

    Mr. Shiraz Khan,  is the founder director of SpiceTree Design Agency.

    The other core member is Mr. Mehmood Khan who is the Director and also chief of business development.

    The business development team consists of, Rekha Khanna, who is a computer science graduate with over 25 years of industry experience and Sanju Sharma Khan, who is an engineering graduate and have over 12 years experience in IT sector.

    The web development team consists of Parveen Shaikh who has eight years of experience in web designing and development and Gaurav Nimkar who is an experienced SEO specialist and web developer.  

    The Digital Marketing team consists of Amita Bhoir, a Social Media and Digital Marketing expert and Manasvita Subramanian who has over 4 years experience in digital marketing.

    The Creative team consists of Shruti Rajpara. Shruti is a 3D Animation Specialist, Jagrut Save is trained in Visual and Amp and expert in art and design and Monali Shinde, who is in charge of the graphics team.  

    SpiceTree Design Agency Team

    SpiceTree Design Agency – The Idea and starting up

    Inspiration struck gradually over a period of time rather than a cliché ‘Eureka’ moment.

    Shiraz had a very comfortable and secure job as the Vice President of Sales and Marketing at a company before envisaging SpiceTree Design Agency. Though he had financial and work stability, he felt that the more creative part of his mind was being suppressed by the mundane coordination of sales. The monotony was uninspiring. That was the moment when the fire began stirring in his belly, fed with his growing thirst for creativity.  

    Shiraz had always been a creative person. He liked unveiling the concealed and subliminal meanings behind several brand ads and campaigns. Finally, he came to the realization that his passion for creativity and innovation would perfectly compliment his knowledge of science, detail, and analytics.

    He began his entrepreneurial venture on the 6th of June 2004.

    Once I began, I was spurred to keep marching forward with no inclinations to look back. The philosophy thankfully continues till this very date.

    A tree symbolizes abundance and offering while spices represent color, vibrancy and flavor. The company is named ‘SpiceTree Design Agency’ because it strives to emulate these traits of trees and spices.

    It just bodes well for us that its abbreviation ‘SDA’ has a nice ring to it.

    The concept of the company’s logo came from a very simplistic approach: to create an identity that is simple and easy to register in the minds of people. The color red is associated with energy, strength, power, determination as well as passion.

    SpiceTree Design Agency Logo

    SpiceTree Design Agency – Services

    SpiceTree Design Agency curates web, print, and social media design; offer digital marketing solutions including Social Media Marketing, Social Media Optimization, Search Engine Optimization, mailers and re-targeting. It also develops clientele’s brand identity while offering consultation on products and services.  

    The agency has diverged its offerings based on advancements in technology, new dynamics of consumer behavior, and the perpetually adaptive nature of the industry.  

    As said by Shiraz, the agency’s difference lies in its core philosophy of obtaining ‘factual creativity’ viz. the perfect blend of creative thought and scientific analytics. The agency lays immense importance on offering practicality through its creative solutions in a unique manner. It aims to enable its clientele to stand out from the crowd.  

    SpiceTree Design Agency – Revenue Model

    The Company works on retainer and project basis, and charges for the services provided to the clients.

    SpiceTree Design Agency – Customer Acquisition

    Philosophically I acquired our first client due to my conviction.

    Shiraz is very confident and passionate about his creative marketing ideas. It is this confidence and passion that helped him acquire his first client. Impressed by his creative ideas, one of his acquaintances referred ‘Timeout Mumbai’ to get in touch with him for creatives of their Mumbai edition. Slowly as people got to see his unique creatives, the agency started attracting more clients.

    SpiceTree Design Agency – Funding

    The agency is bootstrapped. It started off with a sum of Rs.1,00,000 from Shiraz’s personal savings.

    SpiceTree Design Agency – Challenges

    As per Shiraz, the countrywide economic decline posed a challenge as sales declined and clients delayed payments. However, the agency has now formulated effective plans to remain unhampered by economic decline.

    Again a self-imposed challenge that he has taken up is that of maintaining the team spirit and keeping the team motivated to do their best.

    Sequretek | Top Cyber Security Startup Story
    Sequretek is a cybersecurity[https://startuptalky.com/cybersecurity-startups-india/] firm helpingorganisations focus on their main motive instead of worrying about cyberattacks. The company use AI for the most part of its work, hence boosting theirproductivity and lowering down the expenses. The…
    StartupTalkyLakshya Singh

    SpiceTree Design Agency – Awards & Achievements

    The Agency has an income of Over 2 Crores. More than One lakh and eighty thousand visitors have visited its website till date. Also SpiceTree Design Agency has served over 1200 clients from various verticals such as event management, travel, retail, corporate, manufacturing, finance, architecture, engineering, food and beverage, education and real estate.

    The agency has been recognized as the best digital agency in the E-mailer category for 2 consecutive years by AFAQ’s.

    SpiceTree Design Agency – Competitors

    Very honestly, I haven’t understood what this word “competition” actually means till today. In my childhood, I was given very simple teaching. I was told that you do your best each year and everything will just follow.

    Shiraz strives to keep adding an imaginary feather in his cap each year by doing better than every passing year for the brand. He believes in self-improvement rather than imitating or competing with others.        

    SpiceTree Design Agency – Technology Used

    The agency uses LAMP Stack (Linux, Apache, MySQL, PHP, Classic PHP)

    Besides it also uses HTML5, CSS3, SCSS, JQuery, Angular

    Tools used are, Bootstrap, WordPress, Codeigniter, Magento

    Software used are, Dream Weaver, Sublime, Photoshop, Notepad++, Illustrator, Coreldraw, After Effects  

    Types of Business plan for Startup Founders
    A business plan is a written description of your business’s future, a documentthat tells what you plan to do and how you plan to do it. The importance of abusiness plan needs no explanation. Just like textbooks for the basis foreducation, a business plan forms the crux of a company or organizatio…
    StartupTalkyAshwini

    SpiceTree Design Agency – Future Plans

    The objective for each business is conspicuous – growth. We believe that the plan for growth lies in growth itself: growth for all above all. This means the inclusive growth of clients, team, and all associates.

    In terms of tangible growth, the agency intends to dwell into digital AD film production. It is planning to feed the YouTube, Vimeo, and other related platforms with meaningful content in the form of video ads, short films etc. The agency also intends to build a state-of-the-art in-house studio with all resources to make video ads and short films of the highest quality.  

    FAQs

    What is SpiceTree Design Agency?

    Spicetree Design Agency is a fully fledged marketing agency specialized in Website Design & Development, Print Design and Digital Marketing since its inception in 2004.

    Who is the founder of SpiceTree Design Agency?

    Shiraz Khan

  • Refrens – A Revolutionary Payment Gateway for Freelancers

    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 the organization it is based on.

    As people look for alternatives beyond their day jobs, they are quick to stumble upon freelancing. Freelancing is now emerging as a viable career option. Gone are the days when it was merely seen as a source of side income. However, this path isn’t void of difficulties. One such obstacle is a slow payment gateway. A freelancer’s will to take up projects dies down when payments aren’t received on time!

    This is where Refrens comes into picture. It aides freelancers by providing an optimal mechanism for payments gateway.

    Refrens – Company Highlights

    Startup Name Refrens
    Headquarters Bengaluru
    Founders Naman Sarawagi and Mohit Jain
    Sector Fintech
    Founded 2019
    Parent Organization Refrens Internet Pvt. Ltd.

    Refrens – Vision And Mission
    Refrens – Product
    Refrens – Industry Details
    Refrens – Founders And Team
    Refrens – The Idea And Launch
    Refrens – Product And Services
    Refrens – Name, Logo, And Tagline
    Refrens – Business Model
    Refrens – Funding and Investors
    Refrens – Customer Acquisition
    Refrens – Challenges
    Refrens – Future Plans
    Refrens – FAQs

    Refrens – About

    Refrens provides a payment gateway system for freelancers to send and receive payments comfortably, which offers free invoicing, payments, and expense management system. It was founded by Naman Sarawagi and Mohit Jain in 2019.

    The platform currently has 12,000 businesses and freelancers using the system, which is growing at 10 percent every week.

    Refrens – Vision And Mission

    Refrens wants to create the easiest way for freelancers to collect payments and collaborate with other freelancers. Refrens provides a payment gateway system for freelancers to send and receive payments comfortably.

    PayKun Success Story – The easiest Payment Gateway to accept online payments
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. With the digital revolution prevailing in the worldwide payment system, breakingall the possibil…
    StartupTalkyRishabh Rathi

    Refrens – Industry Details

    The freelancing industry, better known as the ‘Gig Economy’, has since immense recognition and growth over the last decade. There are around 20 million people working as full-time freelancers in India. This number stands at more than 6 million in the USA; such is the influence of freelancing.

    On the other hand, the payment gateway service is also witnessing rapid adoption in India. Since this is the digital era and everything’s online, the technologies and tools powering the internet need to be efficient and flawless. This includes payment gateways as well. The existing payment mechanisms have tremendous scope for improvement which Refrens is working on.  

    Refrens – Founders And Team

    Refrens was founded by Naman Sarawagi and Mohit Jain in 2019.

    Naman Sarawagi, founder of Findyogi
    Naman Sarawagi, Co-founder of Refrens

    Naman Sarawagi is the product and marketing manager at Refrens. Moreover, he is the founder of FindYogi.com. Naman has previously been a product manager at Freecharge and ZipDial.

    With a penchant for investing in the right places, Naman has put his money in Daily Ninja and Holidify. Daily Ninja is a startup providing subscription based delivery of daily products whereas Holidify is a holiday planning website.

    Mohit Jain, Co-founder of Refrens

    Mohit Jain handles Refren’s technical division. He was the CTO at Findyogi.com. Mohit has been a tech consultant at various startups.

    Findyogi.com is a website that compares the prices of the product across different e-commerce websites out there. The company was acquired by Way2News in 2016.

    Refrens – The Idea And Launch

    I met a lot of good freelancers during my course of growing multiple startups but finding them and interacting with them was tough. It looked like a good market to solve problems for – Naman Sarawagi, Co-founder of Refrens.

    The duo scrutinized industry reports on the market size and the tools used by freelancers and other professionals for payments. They launched a raw product in a closed group. With the feedback received, they started improvising on the product.

    Their initial product wasn’t well-received by the audience. It called for excessive change in user habits. After incorporating the responses received by some freelancers in the product’s second iteration, Refrens’ offering was quick in getting accepted by the freelancing community. People found the tool simple and slick.

    Best Practices for Hiring Freelancers
    Of all the different types of workplace flexibility out there, freelancing[https://startuptalky.com/tag/freelancing/]is perhaps the most flexible. One ofthe best decisions you can make in order to keep your business competitive andgrowing is to hire freelancers. It doesn’t matter if you’re starti…
    StartupTalkyRishabh Rathi

    Refrens – Product And Services

    Refrens is a simple invoicing and payments collection system. Once the user has processed their first invoice through Refrens, the intuitive system gets the user hooked onto it through the numerous features the platform offers. For freelancers, it becomes easy to enable options like adding payment methods, offering discounts, etc. for their clients via Refrens.

    Refrens - Freelancers receive payments
    Refrens – Payment gateway system

    Refrens is an invoicing and payments service provider. The company’s core segment revolves around B2B freelancers. The Refrens team strongly believes in freelancing as the future of work. As a result, this domain needs significant enhancements and advancements to be successful.

    Refrens was launched to solve the delay and inefficiency freelancers face when collecting payments from different customers. It is possible to create an invoice within 30 seconds on Refrens.

    Refrens- Name, Logo, And Tagline

    Refrens - Payment gateway system
    Refrens Logo

    Refrens is a play on the reference. The team believe that the freelancers get business from reference of past clients so it is an important part of their growth.

    Refrens – Business Model

    Refrens plans to monetize the platform through its optional payment gateway facilities and by selling custom financial services.

    Refrens – Funding and Investors

    On May 2020, Refrens raised an undisclosed amount of funding from a group of angel investors including Vijay Shekhar Sharma (Founder of Paytm) and Anupam Mittal (Founder of Shaadi.com).  

    Date Amount Investors
    May 2020 Undisclosed Vijay Shekhar Sharma, Anupam Mittal

    The investment round also saw participation from The Collective fund, Mumbai-based early-stage fund Firstcheque, Amiya Pathak of Ezcred, Gireesh Subramaniam of Freshworks, Sujayath Ali, and Navaneetha Krishnan – Founders of Voonik.com, Amit Lakhotia of Park+, Ajeet Khurana – CEO of Zebpay, Founders and senior management of Kaleyra, Founders of DailyNinja, Springworks, and few others.  

    The startup said it will use the funds for expanding reach of the platform and adding freelancer friendly financial services.

    Refrens – Customer Acquisition

    Both the founders had a closed group of friends who were the first 10 users. They later announced the product on a couple of forums and freelancing groups. The platform currently has 12,000 businesses and freelancers using the system, which is growing at 10 percent every week.

    90+ Tools for Freelancers Tools which they must know about
    Freelancing [/tag/freelancing/] can be sure a tough job. Once you realize being‘your own boss’ means putting the hats of legal expert, financier, routineplanner, and work manager, all at once. But there are always ways to help withthat, aren’t there? We have crafted for you a list of 90+ such fre…
    StartupTalkyNiku Mandal

    Refrens – Challenges

    “Convincing freelancers about a new tool is difficult and time taking to do 1-on-1. We are now growing from our customer base.”, said Mohit Jain, co-founder of Refrens.

    Naman says that social media has stopped working when it comes to attracting customers. They tried a couple of hacks around Facebook groups and pages but weren’t successful in driving mass attention.

    Refrens – Future Plans

    The company is just a few months old and has a little over 500 users.

    Please note that we publish profile of companies of at least 8 months old startup. However, an exception was made in this case because of the team, vision, and its product.  

    Over the next few months we will expand our capabilities around accepting multiple currencies through multiple payment instruments. Over the next 2 years, we want to be the leading platform serving freelancers in india. We will be going deeper in their workflow and more useful features to collaborate – Naman

    List of Best Emerging Fintech Startups in India | Fintech Companies in India
    Fintech [/tag/fintech-startup/] [/tag/fintech/], which is short for financialtechnology, has become a crucial part of the world. In the old days, all thefinancial work was done through the paperwork only, as it was considered as thesafest mode. But with the development of technology, internet is …
    StartupTalkyAshwini

    Refrens – FAQs

    What is Refrens?

    Refrens has created the easiest way for freelancers to collect payments and collaborate with other freelancers. It provides a payment gateway for freelancers to send and receive payments comfortably, which offers free invoicing, payments, and expense management system.

    What is the Pricing Plan of Refrens?

    Refrens is Free Forever. You can create invoices, quotations and can manage your expenses anytime. You can access any of these for lifetime for free. But you only pay a small fee if you wish to receive payments online.

    Who are the Founders of Refrens?

    Refrens was founded by Naman Sarawagi and Mohit Jain in 2019.

    What is the state of Refrens Funding?

    On May 2020, Refrens raised an undisclosed amount of funding from a group of angel investors including Vijay Shekhar Sharma (Founder of Paytm) and Anupam Mittal (Founder of Shaadi.com).

    How does Refrens make money?

    For every online payment done through Refrens, it keep a small payment gateway fee.

    How many transactions can you make on Refrens?

    Unlimited. There is no limit for the transaction you make. You can create unlimited invoices and record transactions. All absolutely free.

    Best Indian Payment Gateways in 2020 | Payment Gateways for Business
    A payment gateway is a merchant service that connects the users’ bank accountwith the platform where the users need to transfer their money. A bank mayprovide payment gateway to its customers, there is also a specialized financialservice provider such as payment service provider which provides pa…
    StartupTalkyAshwini

  • Guiddoo World – Your Personal Tour Guide

    Note: This Startup has been shut

    Have you ever been to a new travel destination, and felt clueless about what to do? Even though most of us today do research online before visiting any destination, there is a possibility that we may miss out on things. Booking tickets to your favourite tourist spot, reserving seats for that river cruise or spa massage, or hiring guides to guide you through the historical monuments, lots of planning is required to make the holiday experience perfect and Guiddoo is here to help you.

    With features such as an Audio-visual guide, information related to history and trivia and free concierge services, Guiddoo solves all your in-destination travel needs. With its growing popularity among Globetrotters.

    This article will give you an insight into The Company Profile of Guiddoo, Its Business Model, Revenue, Founders, Funding, Story, Growth, Competitors etc.,

    Guiddoo World – Company Highlights

    Startup Name Guiddoo World
    Headquarter Mumbai
    Founder Vineet Budki, Nidhi Varma, Prashant Choudhary, Biswajeet Karmakar
    Sector Travel
    Founded 2014
    Registered Entity Name Guiddoo World Travels Pvt. Ltd.

    Guiddoo World – About
    Guiddoo World – Industry Details
    Guiddoo World – Founders
    Guiddoo World – The Idea and starting up
    Guiddoo World – Name, Tagline and Logo
    Guiddoo World – Services
    Guiddoo World – Revenue Model
    Guiddoo World – Customer Acquisition
    Guiddoo World – Funding
    Guiddoo World – Challenges
    Guiddoo World – Competitors
    Guiddoo World – Awards & Recognitions
    Guiddoo World – Advisors and Mentors
    Guiddoo World – Future Plans

    Guiddoo World – About

    Guiddoo aims to be a One-Stop Platform for travelers to discover and book great travel experiences during their international trip.

    It provides unique and customized travel packages. The platform uses intelligent data points from over 4000+ travel agents as well as analyses 1Mn+ Trend Points on the Internet and Social media to build smart itineraries.

    Guiddoo World – Industry Details

    Travel apps rank 7th among the most downloaded category of apps. According to Criteo, currently, more bookings are being made through apps as compared to desktop or mobile web. Also, travelers make 80% of last-minute booking on the app. As such, Guiddoo being an app with many features like a step-by-step tour, key sights, timeline, history & trivia, images gallery, tourist information and booking facilities is fast gaining popularity among travelers.

    Again, the Market Size for in-destination tours and activities will reach approximately $200 billion by 2020, as projected by PhocusWright. Guiddoo focuses on Indian and China outbound travelers to 15 destinations, the market value of which is approximately $20 billion annually.  

    Guiddoo World – Founders

    Vineet Budki, Nidhi Varma, Prashant Choudhary and Biswajeet Karmakar are the founders of Guiddoo.

    Founder Guiddoo
    Vineet Budki and Nidhi Varma

    Vineet Budki is the CEO & Founder of Guiddoo World, Guiddoo World Travels Pvt Ltd & Guiddoo World FZ LLC. He founded Guiddoo  – initially as an audio guide that later pivoted to a Marketplace for Tours and Activities in 2013. Vineet has a rich experience of  15 years in the Technology, Travel and Airline industry and has worked with companies like Rocket Internet, Emirates Airlines, Paytronic Networks and Tata Consultancy Services in the past. He started his first company Butel in the year 2009  – an online comparator for DTH Services, which later became the online arm of Videocon d2h.

    Nidhi Varma is a graduate of Narsee Monjee Institute of Management Studies. Prior to Guiddoo, she worked with Emirates Airlines.

    Prashant Choudhary is a graduate from IIT Kharagpur and worked with Erricson as a software developer and mobile team head prior to joining Guiddoo. Currently, he is the Chief Technical Officer at Guiddoo.

    Biswajeet Karmakar is a graduate from Mumbai University, and prior to Guiddoo, he worked with organizations like E-cell, Unitech Marketing Services and Computer Society of India, KJSIEIT. Biswajeet is the director of sales at Guiddoo.

    Guiddoo World – The Idea and Starting Up

    It was 2013 when Vineet and Nidhi were on a trip to Paris. It was a much-awaited trip and they did not want to miss even a bit of it. But unfortunately, things did not go as per plan.

    The idea came to Nidhi and me while on a trip to the Eiffel Tower in Paris where we faced a lot of issues due to the language barrier and outdated information.  

    While it was Nidhi’s dream to visit the Eiffel Tower with her life partner, when they went to visit, they found that it was closed. They waited for the next day only to find that there was a huge line and they had to wait for hours to take the lift to the top of the tower. As the couple had time constraints, they could not visit the Louvre Museum. It was during this time that the couple felt the need for a mobile app, which could guide the travelers through the monuments and landmarks aided by audio and video.

    After coming back from Paris, the couple started doing research around key Indian Tourist places frequented by travelers and started working towards building a smartphone-friendly audio-visual travel guide platform. Finally, the couple launched Guiddoo in 2014. The startup was incubated at the Government of Dubai’s In5 incubator for Hi-Tech Startups.

    Startup Story of Taxidio – A DIY trip planning platform
    Taxidio Startup Success StoryStartup NameTaxidioHeadquarterMumbai [https://startuptalky.com/mumbai-startups/]FoundersVishal Kejariwal & Abhas DesaiSectorTravel and TourismFounded2015ParentOrganizationTaxidio Travel India Pvt. Ltd.About TaxidioTourism Industry DetailsFounders of Taxidio and Team…
    StartupTalkyChayanika Goswami

    The name for our startup came from the word “Guide” and the tagline was developed once we shifted to the Tours and Activities Module.  

    Guiddoo’s tagline is “Your Personal Tour Guide”  

    Guiddoo World – Services

    Guiddoo is a platform to discover and book in-destination experiences. Initially, It was developed just as an audio guide, which later pivoted to tours and activities booking platform.

    Currently, Guiddoo is helping its customers discover and book in-destination activities and experiences across 15 countries.

    It provides a platform for travel agents working on Indian travelers, traveling internationally to find and book great experiences. The USP of the platform is that it provides concierge services free of cost to the customers. The app evolves over time based on ratings of travelers using the platform to curate meaningful experiences like tours, activities, dining, shopping and entertainment options for other users.

    It has made tie-ups with big brands like MakeMyTrip, Amadeus India, Mekong Tourism and World Free Zones Organization.    

    The app is available both on android and iOS platforms. Besides the company has dedicated B2B and B2C platforms. It is very convenient to use during traveling as it does not require a live internet connection, once downloaded. Guiddoo has a dedicated app for every city it covers.

    Guiddoo also has standalone apps for some famous landmarks which include, Taj Mahal, The Statue of Liberty, the Colosseum in Rome, Angkor Wat and also newly developed tourist attraction like Burj Khalifa towers in Dubai.  

    At present, It offers guides on 21 monuments in the English language.  

    Goibibo India-Online Travel Booking Portal
    Online travel booking became a sensation with the advent of smartphones anddigitization. In the same segment where Cleartrip and MakeMyTrip[/makemytrip-indian-startup-success-story/] were already predominantly present, Goibibo disrupted the travel segment by providing seamless travel experience i…
    StartupTalkyVidhi Punamiya

    Guiddoo World – Revenue Model

    Guiddoo’s revenue source can be divided into 3 segments – Tour & Activity sales, Audio-Video guide and B2B Subscription Model.  

    Guiddoo revenue model

    Guiddoo World – Customer Acquisition

    Almost 1 year of its inception, Guiddoo has been downloaded by over 1,00,000 users. Besides, over 2,00,000 visitors visited the company’s website just within 2 months of the launch of their website. According to Vineet, personal reach out and information exchange via social media platforms were the keys channel used for informing everyone about Guiddoo.

    Guiddoo has focused a lot on building the experience part of a customer’s travel while they are on the ground which includes offering superior products with great service levels by developing technology around them. We believe this has contributed a lot to our brand and helped us in garnering more users and their loyalty.  

    MakeMyTrip Success Story- Founder, Business Model, Funding, Team, News, Revenue
    Increasing number of Indians are now booking tickets and hotels online.According to IAMAI e-commerce report (2013), travel accounts for 71% ofe-commerce business in India. A company that holds a major share in the Indianonline travel industry is MakeMyTrip. Since year 2000, MakeMyTrip is helping…
    StartupTalkyShubham Kumar

    Guiddoo World- Funding

    In March 2019, Guiddoo raised an undisclosed amount of funding from  SOSV & Artesian. It plans to use the Series B funding to expand its operations in China. The company is also planning to add new destinations of the Middle- East and Africa into its package to attract the Chinese market.

    Guiddoo has raised  funding worth $1.1 million in 4 rounds.

    Date Stage Amount Investor
    February 2015 Seed $400K Angel Investors
    June 2017 Pre-Series A $300 k Pawan Borle, Nirmal Singh, Manish Prasad, Vineet Varma & Abhai S. Rao
    July 2018 Series A $800 k Rennie Ratadia (Singapore), Stephen Dmello (Dubai) & Angshuman Sarkar (India)
    March 2019 Series B Undisclosed SOSV & Artesian

    Guiddoo World – Challenges

    Some of the major challenges faced by Guiddoo are-

    • Securing Funds.
    • Making meaningful partnerships
    • Designing an accurate revenue model

    A strong team, good business networking and a well-tailored product helped the company deal with these challenges.

    Airbnb Success Story – Personalizing accomodations in your budget!
    The idea of welcoming a couple of strangers into your home is scary. And so itletting yourself stay in a strange home is. But almost a decade ago, somebrilliant minds saw an entrepreneurial opportunity in this and launched Airbnb.These brilliant minds are none other than Brian Joseph Chesky, Jose…
    StartupTalkyVidhi Punamiya

    Guiddoo World – Competitors

    Guiddoo’s major competitors are – Misement, Viator GetYourGuide, AudioCompass and Thrillophilia. As said by Vineet, most of their competitors are in the west as the segment is still evolving in India

    Guiddoo World – Achievements

    Some major achievements of Guiddoo are-

    • 1,00,000 users downloaded Guiddoo just within around 1 year of its inception.
    • It has been able to attract 2.00,000 web visitors just within 2 months of launching its website.
    • It has been able to attract and secure funding from international investors.
    • Secured tie-ups with big brands like MakeMyTrip, Amadeus India, Mekong Tourism and World Free Zones Organization.  
    • It has a partnership with over 4500 travel agents.
    • It has served over 30,000 customers with over 65,000 activities.

    Guiddoo World – Awards & Recognitions

    • Best Outbound Operator for 2018  by Mr. KJ Alphons Tourism Minister of India at SATTE Awards 2018
    • Travel Innovation Summit, Florida – Runners Up
    • Red herring 100  
    • Top 100 Startups to Watch 2019 – SutraHR

    Guiddoo World – Advisors and Mentors

    • Pawan Borle – SVP, Fly Dubai    
    • Victor Sunyer – Partner, Delta Partners
    • Gaurav Chiripal – CEO – Quadlabs

    Guiddoo World – Future Plans

    The company has great plans for the future. Some of its major future plans include-

    • Covering 100+ monuments and tourist attractions around the world.
    • Making the audio guide available in 9 languages including Spanish (Spain & South American), French, Italian, Hindi, Chinese (Cantonese & Mandarin), Korean, Japanese, Arabic and Russian.
    • Starting Operations in China by 2019.          
    • Building a pan India distribution network for its tours, activities and holiday products.

    List of Top Travel Startup in India | Tourism Startups
    > “The World Is A Book And Those Who Do Not Travel Read Only One Page.” – St. Augustine of Hippo, PhilosopherTravel and tourism industry is one of the largest industries in India. Accordingto government statistics in 2017, the annual growth rate of domestic travelersin India stood at 17.2%. Now…
    StartupTalkyAshwini

    FAQs

    Who is Guiddoo World’s CEO?

    Vineet Budki

    How much revenue does Guiddoo World generate?

    $5.9M in revenue

    When was Guiddoo World founded?

    2013

  • Acquisitions of Indian Startups by its Competitor

    What do you mean by the term Acquisitions? On what metrics the company acquires other companies? Is acquiring other competitor companies legal? Which are some of the latest acquired companies? Interesting isn’t it?

    According to Investopedia, the definition of Acquisitions is as follows-

    An acquisition is when one company purchases most or all of another company’s shares to gain control of that company.

    Acquisitions, which are very common in business, may occur with the target company’s approval, or in spite of its disapproval. Some of the parameters needed to be checked before acquiring a company. These metrics should be followed before evaluating an acquisition- Financial value of the company, Asset value of the company, Possible resale value of the company, and its assets.

    Read this article to know more about the common questions related to startup acquisitions. We have listed down some of the latest and deal-breaking acquisitions in the Indian Startup Ecosystem.

    Top Indian Startup Acquisitions
    1. Walmart acquires Flipkart
    2. Snapdeal acquires FreeCharge
    3. Tata motors acquire Jaguar and Land Rover
    4. Flipkart acquires Myntra
    5. Ola acquires TaxiForSure
    6. Zomato acquires Urbanspoon
    7. MakeMyTrip acquires MyGola
    FAQ’s
    Conclusion

    Indian Startups – Funding & Investors Data [January 2021 Updated]
    Ideas, creativity, and execution are essential for a startup to flourish. Butare they enough? A startup succeeds in the long run only if it can scale as andwhen required. Investors provide startups and other entrepreneurial ventureswith the capital—popularly known as “funding”—to think big, grow …
    StartupTalkyJeenal Jain

    Top Indian Startup Acquisitions

    India, the 3rd largest startup hub in the world is home to many new startups. Every other day we hear about new startups coming up in India. With all these new startups coming up every other day, the competition increases. This leads to acquisitions. The strong prey on the weak or the potential competitor. Recently, the Walmart-Flipkart merger in mid-2018 is the first breakthrough in the minds of many. From a country’s M&As (mergers & acquisitions) viewpoint, this acquisition has been a milestone and still has an ecosystem impact. If the sale was the horse rider or the fact that the ecosystem was more M&A safeguarded, the overall fusions and acquisitions this year have decreased.

    As we approach the mid of 2021, there are sudden reports of potential acquisitions and exits in the Indian startup ecosystem. Some of India’s largest startups have made many acquisitions to grow their footprint, grab a larger market share or endure growing competition from competitors, including Tata Motors, Zomato, Snapdeal, Flipkart, and others.

    1. Walmart acquires Flipkart

    Flipkart and Walmart Logo
    Flipkart and Walmart Logo

    With the American retail giant investing 16 billion worth, Walmart‘s takeover of Flipkart is the first-ever in India. But this acquisition was not the country’s first major takeover we saw. Here is a list of some of India’s major fusions and acquisitions. In 2018, Walmart purchased Flipkart 77 percent for $16 billion. This makes it India’s largest acquisition.

    Walmart | American Multinational Retail Company | Company Profile |
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Walmart Inc. is an American multinational retail corporation that operates achain of hypermarkets…
    StartupTalkySarika Anand

    2. Snapdeal acquires FreeCharge

    Snapdeal and FreeCharge Logo
    Snapdeal and FreeCharge Logo

    In April 2015, Snapdeal acquired the Freecharge smartphone recharge service. It was valued at $400 million for the cash plus equity deal and the largest takeover in Indian internet business history. The partnership brought in about approx. $1.1 billion in financing from Snapdeal, and $120 million from Freecharge in particular. Freecharge remained a separate company after the takeover, allowing Snapdeal to grow its digital trading ecosystem. Snapdeal has had several major acquisitions last year: In the center of this move, China’s giant Alibaba took an interest in Indian eCommerce in Snapdeal.

    Sandeep Tandon | Co-founder of FreeCharge | Managing Director at Tandon Group |
    Sandeep Tandon is a Technology Entrepreneur, Investor and a Mentor. He is the Co-founder at one of India’s first mobile payment platform, FreeCharge[/freecharge-best-deals-cashbacks/]. He also serves as the Managing Director of Tandon Group, a technology catalyst that owns numerous businesses by …
    StartupTalkyMegha Rani

    3. Tata motors acquire Jaguar and Land Rover

    Tata Motors, Jaguar and Land Rover Logo
    Tata Motors, Jaguar and Land Rover Logo

    As announced on March 26th, Tata Motors purchased the Ford Motor Company’s Jaguar Land Rover companies from the company for a net amount of $2.3 billion. In the Jaguar Land Rover pension plans, Ford contributed around US$600 million. Mr. Ratan N. Tata, Chief Operating Officer of the Tata Sons and the Chief Financial Officer of the Ford Motor Group, Don Leclair and Mr. Lewis Booth, Executive Vice-Chairman of the Ford of Europe Motor Company and Mr. La Jaguar La Tata Motors attended this ceremony at the Gaydon headquarters at the Jaguar Land Rover.

    Success Story Of Tata Group Of Industries | Tata Group Case Study
    Tata Group is an Indian global aggregate holding organization headquartered inMumbai, India. Established in 1868 by Jamsetji Tata, the organization increasedworldwide acknowledgment in the wake of acquiring a few global companies.Perhaps the biggest aggregate, Tata Group is claimed by Tata Sons.…
    StartupTalkyDevashish Shrivastava

    4. Flipkart acquires Myntra

    Flipkart and Myntra Logo
    Flipkart and Myntra Logo

    In May 2014, after months of rumors, India’s leading e-commerce company Flipkart acquired a trendy rival Myntra, a development that had to do with the increasing presence of Amazon in India. None of the parties verified the acquisition’s exact valuation, but sources placed the cash and equity transaction between 300 and 330 million dollars.

    Flipkart launched as a supermarket in 2007, offering apparel and electronics in all categories. It also offers furnishings and white products. The change is anticipated to help Flipkart reinforce its clothes collection and contend with Amazon and Snapdeal more vigorously. With his co-founder and CEO Mukesh Bansal joining Flipkart and running the apparel company, Myntra will continue to run as an autonomous entity.

    Mukesh Bansal – CEO of Cure.fit | Founder of Myntra
    Mukesh Bansal is the Founder of the fashion e-commerce firm, Myntra[/myntra-online-fashion-store/]. He is an Indian businessman, who currentlyserves as the CEO of Cure.fit and its co-founder as well. He is also on theboard of Olympics Gold Quest, which is a non-profit organization that promotess…
    StartupTalkyMegha Rani

    5. Ola acquires TaxiForSure

    Ola and TaxiForSure Logo
    Ola and TaxiForSure Logo

    Ola, one of India’s largest ride-hailing operation, acquired TaxiForSure for $200 million as a smaller, but value-centric, cash and equity acquisition in March 2015. Ola’s footprint in the country has been extended by adding TaxiForSure’s 15,000+ fleet onto its network across 47 cities. In October 2014, Ola raised SoftBank $210 million in addition to the 41,5 million dollars it raised earlier, adding over a quarter-billion dollars in overall financing in 2014. When TaxiForSure was acquired, it had 15,000 vehicles in 47 cities on our network a few months after the launch of Ola in January 2011. In India, it has recently been an upright battle between Uber and Ola, who have joined Didi Kuaidi, GrabTaxi, and Lyft globally.

    OLA Success Story – Full Form, Story, Founder, Business Model, Funding History, Team, News
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Ola needs no introduction. The first Indian cab aggregator company, Ola has madeavailing cab serv…
    StartupTalkyShubham Kumar

    6. Zomato acquires Urbanspoon

    Zomato and Urbanspoon Logo
    Zomato and Urbanspoon Logo

    In January 2015, Zomato purchased a 50 million dollar US competitor, Urbanspoon, at what was one of the highest offshore transactions for an Indian startup. The purchase marked Zomato‘s visit to the US, Canada which Australia, and took over 22 countries around the world. The takeover signals the entrance of Zomato in the USA. This is the sixth and largest purchase of Zomato in the last six months. The purchase will rise from 300,000 to 1.000,000 restaurants globally more than three times the inventory of Zomato’s Restaurant. In the coming months, Urbanspoon will pass onto Zomato.com, and the Zomato software will be used by all Urbanspoon app users. Zomato increased the overall amount of venture funds raised by the firm to $113 million from Sequoia, Knowledge Edge, and Vy Capital in November.

    Deepinder Goyal Success Story – Never Have A Bad Meal Through Zomato
    The food delivery segment in India has witnessed an unprecedented surge. Latenight cravings, urgent home delivery, etc. are now becoming the norm. Atpresent, 2-3 brands dominate this industry and Zomato is one of them. Zomato is an Indian restaurant aggregator and delivers food in almost everyIn…
    StartupTalkyRishabh Rathi

    7. MakeMyTrip acquires MyGola

    MakeMyTrip and Mygola Logo
    MakeMyTrip and Mygola Logo

    A leader among India’s travel reservation sides was the Nasdaq-listed MakeMyTrip, a pioneer in Indian tourism reservation – which was funded by investors such as Helion Venture Partner, 500 Partners, and Blumberg Capital at the last minute. Mygola, founded by IIT Mumbai in 2009, says travelers can create customs journeys in 15 minutes by using Bapna and Prateek Sharma. It has up to 5000 installations in the Google Playstore on Android and is present in 16 cities worldwide. The acquisition happens as Indian travel is heating up, as an investment in 2015, for the most part, early-stage, has crossed 71 million dollars, compared to 55 million dollars in all of 2014 (about 440 crores).

    MakeMyTrip Success Story – Founder | Business Model | Revenue
    More Indians are now booking tickets and hotels online than ever before. Nothingcan beat the comfort of being able to plan a trip from the comfort of your home.You can check out the prices and compare them to get the best out of the deal. A company that holds a major share in the Indian online …
    StartupTalkyShubham Kumar

    FAQ’s

    Let’s discuss some of the frequently asked questions (FAQ’s)  related to startup ecosystem..

    What do you mean by the term Acquisitions?

    An acquisition is when one company purchases most or all of another company’s shares to gain control of that company. Acquisitions, which are very common in business, may occur with the target company’s approval, or in spite of its disapproval.

    On what metrics the company acquires other companies?

    These metrics should be followed before evaluating an acquisition- Financial value of the company, Asset value of the company, Possible resale value of the company, and its assets.

    Acquisitions, which are very common in business, may occur with the target company’s approval, or in spite of its disapproval.

    Which are some of the latest acquired companies?

    Larsen and Toubro Ltd (L&T) gained a controlling interest in Mindtree Ltd, raising its stake to 60% in the Bengaluru-based company on 27 June 2019 and successfully concluding India’s first hostile takeover of an IT company.

    How do startups get acquired?

    The startups that last usually get acquired for their market share before they hit those numbers. Intellectual property is the most common way to build a defensible product. In fact, many startups with a proprietary product get acquired before they even take their solution to the market.

    How long does a startup acquisition take?

    Corporate mergers and acquisitions can vary considerably in the time they take to be completed. This length of time may span from six months to several years. There are a number of individual steps that need to be completed successfully by two public companies before they are legally combined into a single entity.

    Conclusion

    Startup acquisitions happened in the past and will keep happening in the future. If there is a slight possibility that the competitor can be a problem in a long run then acquisitions will happen for sure. Investors will keep looking for further IPOs, new firms and acquisitions from publicly traded companies in the subsequent year as the number of acquisitions, and their scale in India is growing. Up until now, they have relied primarily on other startup acquisitions. As the Indian startup ecosystem continues to expand and draw more foreign interest, the value of M&A transactions in the country can only be projected to rise in the coming years accordingly.

    The Rapid Growth Of Foodtech Services In India
    The application of technology to food innovation forms the core of the foodtech vertical. Nicolas Appert’s improvement in 1810 of the canning procedure is anearly example of foodtech innovation. The emphasis was on safeguardingsustenance. The procedure wasn’t called canning at that point, and App…
    StartupTalkyDevashish Shrivastava

  • Inspiring Quotes By Indian Entrepreneurs [Exhaustive List]

    Sachin Bansal | Inspiring Indian Quotes

    “Rules of Hiring #1: If there is doubt, there is no doubt. Rules of Hiring #2: Always hire people who are smarter than you.”

    -Sachin Bansal, Founder of Flipkart

    Shashank ND | Inspiring Indian Quotes

    “Never hire someone to do your initial sales. In fact you should acquire your first hundred customers yourself”

    Quoted by- Sashank ND, Founder of Practo

    Abhishek Goyal | Inspiring Indian Quotes

    “Raise money from investors who are more excited about the BUSINESS or MARKET than the TEAM. They can help discover amazing opportunities”

    Quoted by- Abhishek Goyal, Founder of Traxcn

    Kunal Shah | Inspiring Indian Quotes

    “I strongly believe all students should have a startup during college. Doesn’t matter if successful or how big or small. Worst case scenario it will make them 10x better employee than someone with no exposure to how a business works”

    “If you fully accept the worst that can ever happen in your journey, fear won’t ever be an obstacle in starting-up”

    Quoted by- Kunal Shah, Founder of Freecharge

    Kunal Shah is the founder of FreeCharge, which  recently got acquired by Axis Bank for $60 million. Before that, Snapdeal had acquired FreeCharge in the year 2015 for about $400 million. He has done his MBA from Narsee Monjee Institute of Management Studies and studied at Wilson College, Mumbai.  

    Girish Mathrubootham | Inspiring Indian Quotes

    “Building a company is similar to building a product. Culture is the UX for employees & Support is the UX for customers.”

    “Don’t be a jerk! Even if you are brilliant, don’t be a brilliant jerk.”

    Quoted by- Girish Mathorrobootha, Founder of Freshworks

    Girish Mathrubootham is the founder of Freshworks which is a software-based service company. Prior to this, he was the VP of Product Management at ZOHO Corporation.

    Rahul Yadav | Inspiring Indian Quotes

    “There is no secret ingredient. To make something special you just have to believe it’s special.”

    Quoted by- Rahul Yadav, Founder of Housing

    Shradha Sharma | Inspiring Indian Quotes

    “It’s a long long road. Sometimes all you need are people who pat your back and say, carry on. Thank you to everyone who encourages.”

    Quoted by- Sharaddha Sharma, Founder of Yourstory

    Ritesh Agarwal | Inspiring Indian Quotes

    “Building predictability on top of market place economy is how new age businesses will get built. Super excited”

    “It is extremely important to build something that a 100 people absolutely love using rather than making something that a 1000 people would just, kind of, like.”

    Quoted by- Ritesh Agarwal, Founder of OYO

    Ritesh Agarwal is founder of OYO which is India’s largest marketplace for branded and budget hotels. OYO Rooms worth over $1 Billion. He began working on the project in 2012. Agarwal started his venture in Gurgoan and it is now spread in 230 cities in India and also in countries like UAE, Nepal, China and many others.

    Kunal Bahl | Inspiring Indian Quotes

    “Scale is important for a startup. Think big, but take one day at a time.”

    Quoted by- Kunal Bahl, Co-Founder of SnapDeal –

    Co-founder of Snapdeal, Kunal Bahl, did his schooling from Delhi Public School, R.K. Puram and went to Wharton School of Business, University of Pennsylvania. He and his friend Rohit Bansal launched this Indian startup in 2010. He worked with Microsoft at the beginning of his career. Today, his e-commerce platform is a huge success and is competing with Amazon and Flipkart.

    Deepinder Goyal | Inspiring Indian Quotes

    “The fundamental model of our business is that in mature markets we should make profits and they shouldn’t need any more outside money to grow.”

    Quoted by- Deepinder Goyal, Founder Zomato

    “If you want to walk fast, walk alone. But if you want to walk far, walk together.”

    “I don’t believe in taking right decisions, I take decisions and make them right.”

    Quoted by- Ratan Tata, Chairman of Tata Group

    “However big or small, make it a good business, make it a clean business, make it a business you are very proud of.”

    Quoted by- Deep Kalra, founder of MakeMyTrip

    “Today I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself”

    “It is important to achieve our goals, but not at any cost.”

    Quoted by-  Mukesh Ambani, CEO & Chairman of Reliance

    “If people are not laughing at your goals, your goals are too small”

    “Leadership is the self-confidence of working with people smarter than you.”

    Quoted by- Azim Premji, Chairman of Wipro

    “Whether ecommerce companies make money or not, these logistics companies make revenue which is guaranteed for them by ecommerce transactions.”

    Quoted by- Arvind Singhal, MD of Technopak

    Arvind Singhal is graduate from IIT Roorkee and did his MBA from UCLA, USA. It is India’s leading Managing Consulting firm focusing on retail, consumer product, fashion-textiles and apparel and many more.

    “The trade market is the place with the least scope for emotions, especially of fear and greed.”

    Quoted by- Rachit Chawla, Co-Founder of Finway Capital

    Rachit Chawla from Aston Business School has done his Bachelor’s in Commerce. He is the co-founder of Finway Capital. Finway Capital talks about loan funding.  It funds people and helps creating wealth and give personal loans and insurance.

    “Entrepreneurship is akin to riding a dragon – there are more ups and downs than you can ever imagine. But every challenge on the way only makes you stronger, and every failure only bears new learnings.”

    Quoted by- Yatin Hans, Founder of Bigsmall

    Yatin Hans, Bigsmall.in which promotes gifting culture in India. It gives unique and fun gifts to the Indian public. He has done his schooling from Heritage School and B.Com Honours from Delhi University. He later went to ESADE Business School to complete his Masters in Marketing.

    “Human capital is the most precious of all forms of capital available”

    Quoted by- Ajay Ramasubramaniam, Ryerson Futures Inc.

    Ajay Ramasubramaniam, Director of Zone Startups, is promoting Indian operating system as well as initiatives including corporation innovation programs and thematic accelerators and has raised around Rs. 150 crores. He has done his MBA from Mumbai University in Finance and Marketing.  

  • Indian Startups May Soon Start Listing Overseas

    Indian startups may become the new eye candy for foreign investors as RBI and SEBI come together allowing them to enlist themselves in foreign jurisdiction. The tech ecosystem is flourishing at a steady pace in India. This pace might get some acceleration if Indian startups decide to approach funding by enlisting themselves outside India.

    However, until recently, SEBI, the stock market watchdog, had certain compliances which made listing on foreign exchanges a troublesome task.

    Under the current rules, Indian companies are allowed to issue only specific currencies such as depository receipts on foreign stock exchanges- that too only if you are a company enlisted in India. This is about to change as the government along with SEBI and RBI has now allowed Indian conglomerates to enlist themselves abroad.

    What are the Changes Made by the Government
    Companies that are Seeking Foreign Stock Exchanges
    Benefits of Listing On Foreign Stock Exchanges
    Key benefits of listing Overseas
    Creating a Brand Presence
    Native Concerns
    FAQ

    What are the Changes Made by the Government

    In the Companies (Amendment) bill 2020 passed by Rajya Sabha in September last year, it seeks to amend Sec 23 of Companies Act 2013, which prescribes the manner in which private and public companies may issue securities.

    Earlier, the companies who preferred enlisting themselves on foreign stock exchanges were compelled to do so with several restrictions laid out by SEBI. With the amendment coming into force, not only existing Indian companies but newbies too can enlist themselves under foreign stock exchanges. The center along with SEBI and RBI are working on a framework to bring this into practice.

    PepsiCo Subsidiaries – List of Everything that PepsiCo Owns
    People all around the world know about Pepsi, its products are enjoyed over onebillion times just in a day by its consumers. PepsiCo Inc[/pepsico-success-story/] is an American multinational company thatmanufactures, markets and distributes various snacks, food and beverages.PepsiCois also known…
    StartupTalkyPV Vyshnavi

    Companies that are Seeking Foreign Stock Exchanges

    Infosys, the Indian tech giant became the first company to get listed on a foreign stock exchange when it enlisted itself on  NASDAQ (National Association of Securities Dealers Automated Quotations) on March 11, 1999. Post Infosys, a number of Indian companies decided to join the league including ICICI, HDFC Bank, Wipro and travel tech company MakeMyTrip.com.

    Along with NASDAQ, there are other exchanges overseas that are trying to grab the attention of Indian companies. Amongst the top ones are NYSE, Tokyo Stock Exchange, London Stock Exchange who are trying to meet Indian firms and lure them into enlisting themselves on these platforms.

    India has more than 30 unicorns such as OLA, Byju’s, Swiggy and Paytm who could be beneficiaries of this government initiative. While this is being applauded and celebrated, UK based Bay Capital announces Pre IPO investment in India’s largest insurance aggregator, PolicyBazar.com.

    Siddharth Mehta, founder and chief information officer of Bay Capital, said, “We are excited to partner with the excellent management team of PB Fintech, which is transforming the way insurance is bought in India. Customer centricity has been the heart of their proposition and has helped them become the platform of choice for customers.”

    Highest Valued Startups in India 2020
    Highest Valued Startups in India 2020

    Reasons Why These Startup Sectors Bloomed During Lockdown
    In the unprecedented time, where everyone is talking about the economic slowdownand financial difficulties, there have been a few startups sectors that havemanaged grow exponentially well. The covid 19 has shaken the world and hasbrought many business to a halt, although startups have lost their …
    StartupTalkyPV Vyshnavi

    Benefits of Listing On Foreign Stock Exchanges

    Indian startup ecosystem has now been exposed to a vast capital market which was in oblivion before the announcement. Of course, there are companies who have taken the road to foreign stock exchanges but notably it took Indian companies 30 long years to finally go abroad.

    SEBI has been a tenacious watchdog and companies have struggled to move out of their regional boundaries. With the changes prompted by the center, Indian companies, especially startups are doing the happy dance since a vast capital market has been exposed to them.

    Key benefits of listing Overseas

    Wider Investor base

    Listing overseas will expose Indian companies to a larger pool of investors broadening their investor base.

    Soared  Valuations

    More investors along with an understanding of global influence, raised cap for funding.

    List of Major Subsidiaries of Reliance Industries | Reliance Owned Companies
    Reliance Industries Limited is an Indian multinational conglomerate company thatis headquartered in Mumbai, India. Reliance owns businesses across India engagedin energy, petrochemicals, textiles, natural resources, retail, andtelecommunications. Reliance is one of the most profitable and the lar…
    StartupTalkyPV Vyshnavi

    Creating a Brand Presence

    Overseas listing has put companies like Wipro, HDFC Bank, ICICI on the global map and will do the same for companies that are considering this move. No pros for any decision exist without their cons. Economic experts fear that Indian companies may face tax complications in a market regulated by foreign law makers. Dual listing may bring concerns over co-existing in foreign waters and on the home ground.

    Native Concerns

    Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 trillion of market cap has been transferred abroad after young Indian Startups were forced to shift their company domicile overseas by foreign investors promising the funds they need for growth.


    There is a fear shared by many economic well wishers that listing overseas would be giving up a part of the ecosystem which is full of potential and may drive the aspiring Indian entrepreneur away from his/her roots.

    FAQ

    Which country has the most number of Startups?

    United states is the country which has the most number of Startups.

    Can Indian companies list overseas?

    Ministry of Finance, Government of India announced that Indian companies would now be allowed to list their shares directly in foreign stock exchanges.

    Is dual listing allowed in India?

    The Indian government has decided not to mandate secondary listing for domestic firms which choose to list on overseas stock exchanges.

    Conclusion

    Indian ecosystem is a hidden treasure which is about to get explored by the global market. Several startups have been meaning to raise funds through ICOs (Initial Coin Offering) which is through crypto funding.

    Apparently, we are running out of investors in India and foreign involvement is seeking an approval at large. While this may be a great opportunity for upcoming companies, there will always be dismay of profits  flowing out of the country.

    Listing overseas calls upon a bundle of opportunities for Indian companies to have a global footprint. It not only will enable India to aspire for a spot in the global marketplace but also will take Indian ecosystem towards becoming a global superpower.

  • The Top 8 Mobile Companies Of India

    The Indian Smartphone market is known to be the second largest smartphone market around the world according to the Counterpoint’s market monitor. In 2019 alone the mobile phone shipment to India increased to 158 million with a 7% annual growth. This is because popularity of the good quality and mid-range smartphones provided by the Chinese phone companies. Many Indians are now supporting the boycott of Chinese products amidst the ongoing border tensions between the two countries. But despite the Anti-China sentiments, the Chinese brands dominated the Indian smartphone market with a market share of 75% in 2020.

    Indian buyers have been partial to the foreign brands, especially to the Chinese and American brands like Samsung, Apple, Oneplus, Oppo, Vivo, Xiomi, Realme, etc in the smartphone market. Although with the current situation with the border issues between the two countries, the market is slowly seeing a shift with the home grown brands getting a chance to gain a better market share in the business. It also might be surprising to some people that they are already many Indian mobile phone companies like Micromax, Intex, Karbonn, Lava, etc, that disappeared because of the growing competition with the Chinese companies.

    These Indian companies have a long history of coming out with good mobile phones, with good quality, build, stunning features, advanced technology and lower/affordable prices targeted especially at the local audience. Some of these brands have also achieved a lot of success when they first came out, but now are nowhere to be seen. The recent bans on Chinese apps by the government have made many Indians keen on using Made in India products, and this gives our Indian mobile companies the opportunity to make a comeback with new smartphones.

    Recently, Micromax has announced that it will be coming up with new phones and reentering the smartphone market. Other companies like Lava, Intex and Karbonn have the potential to make a strong comeback, but have not come with anything yet. Below are the top 8 Indian smartphone companies that have the potential and could come back in the Indian smartphone market:

    Micromax Informatics
    Lava International
    Intex Technology
    Karbonn Mobiles
    iBall Mobile
    Xolo Smartphone
    Lyf
    YU Televentures

    Chinese-Funded Companies In India | Chinese Investment In Indian Companies
    With the tension escalating at the Indo-China border, the Chinese-fundedcompanies in India are currently at risk. The people of India are now boycottingChinese manufacturers and organizations that sell their products in India. As aresult, Indian startups funded by Chinese investors are also facin…
    StartupTalkyArbaaz sayed

    Micromax Informatics

    Micromax Informatics is a home grown multinational electronics company. Micromax specializes in making laptops, smartphones, tablets, LED televisions and other home appliances. The company is known for manufacturing products at a low cost less and making it affordable to the common man. The company was founded in 2000, by four college friends Mohit Sharma, Dewas and Rohit Patel and has its headquarters in Gurgaon, Haryana. Micromax was first established as an IT software company that focused on democratizing technology in order to compete with International players.

    why Indian mobile companies failed 

    The company entered the market in 2008 and quickly became one of the most leading consumers electronics company including the 10thlargest mobile phone brands in the world. Micromax still faces a huge competition with the Chinese brand in the Indian market. Micromax is also popular because it has introduced low budget phones with innovative features, which is why the company made X1i phone which became the first telephone with a battery that lasts for a month. In 2014, it became the first Indian company to sell in Russia. The company has two main sectors which are Mobile handset that include feature phones and smartphones.

    The second is Consumer electronics that include Air conditioners, refrigerators, washing machine and LED television. Micromax also owns YU Televentures, which sells mobile phones under the name of YU. By 2014, the company grew so popular that it got Hugh Jackman to be its ambassador. Micromax made it comeback in 2020 which a smart phone sub brand called IN. The company is now aims at expending its portfolio in the consumer’s electronics sector and targeting a wider target audience which are premium economy consumers.

    Company Name Micromax
    Headquaters Gurugoan, Haryana
    Founded On 2000
    CEO Rahul Sharma
    Employees 20,000
    Annual Revenue US $330 million
    Products & Services Smartphones, Tablets, Web browser, Air conditioner, LED TVs, laptops, power banks

    #Boycottchineseproduct Forced Paytm to Change Shareholding Pattern On Wikipedia-as per Twitteratis
    Latest Indo-china border face-off lifted the #boycottchineseproduct trendinsanely. Thus it becoming a serious headache for all the Chinese funded IndianCompanies. Hence, we have noticed a major change in Paytm’s shareholding Patternon Wikipedia. In March 2015, Alibaba took 40% stock in Paytm as…
    StartupTalkyParnas Ghosh

    Lava International

    Lava International is an Indian Smartphone company which also manufactures products like Television and Laptops. The company was founded by Hari Om Rai, Sunil Bhalla, Shailendra Nath Rai and Vishal Sehgal in 2009. The company is also headquartered in Noida of Uttar Pradesh. The multinational company has its operations in many countries such as India, China, Russia, Thailand, Sri Lanka, Mexico, Bangladesh, Nepal and Pakistan even launching some of its products in countries like Egypt and Africa. Similar to Micromax, Lava also focuses on making low budget or affordable devices.

    The company that started out as a telecommunications venture was given the title of the Most trustworthy Brand in the CMR retail sentiment index in the year of 2018. The company also faced a big competition from the Chinese companies in the Indian smartphone market, making it get into financial problem in 2018 making it delay payments to vendors and employees. The company is also known to be having a facility in China which is specifically for the design and development of its products.

    Logos of Indian mobile companies
    Logos of Indian mobile companies

    The company now has a distribution model which is only single layer, which includes more than 900 distributors across the country. The company is now aiming to establish a mobile phone design centre and more manufacturing facilities in India. Lava was the first company to launch 4G enabled phone in India through its 4G Connect M14, in 2017. Lava has also launched Z1, Z2, Z4, Z6 and myZ in January 2021 which are the world’s first customizable smartphone. It has also recently launched BeFIT Fitness brand.

    Company Name Lava International
    Headquaters Noida, Uttar Pradesh
    Founded On 2009
    CEO Hari Om Rai
    Employees 10,000
    Annual Revenue US $760 million
    Products & Services Smartphones, Tablets, Laptops

    India Vs China: Flipkart, Zomato under Twitter Attack
    Indian based startup unicorns like Flipkart, Zomato, Swiggy and Paytm haverecently been under the radar of twitteratis accusing them getting invested fromChinese investors. This anger has abruptly taken a rise after the deceitful actdone by China at the Galwan Valley killing 20 of the Indian sold…
    StartupTalkyYash Raj Srivastava

    Intex Technology

    Intex Technology is an Indian multinational company that manufactures budget friendly smartphones and gadgets. The company makes a wide variety of products such as Smartphones, PC, mobile accessories, LED Television, speakers, IT appliances and Home appliances. Intex was founded in 1996 and has its headquarters in New Delhi. The company was founded by Narendra Bansal who wanted the bridge the gap between the rich and the poor by reducing the digital divide between urban and rural.

    The company also makes PCs and various products for computers like TFT – LCD Monitors, CRT monitors, Fax modems, keyboards, mouse, SMPS and UPS systems, headphones, DVD Players, MP3 players and many more. Intex was the first Indian company to launch the 3G sim enabled watch called the iRist. The company at a certain point was India’s second largest mobile phone company by sales.

    Intex is still producing devices and gadgets in other sectors but has not made new phones in a while especially since the rise of Chinese phones in the Indian market. The company began LED Television business in which it has seen a growth of over 150 %.  The company now focuses on IT hardware and distributing electronic in India. It has also big names such as Madhuri Dixit and Kiccha Sudeep as its brand ambassadors and owns an IPL franchise from 2016 to 2017 known as Gujarat Lions.

    Company Name Intex Technology
    Headquaters New Delhi
    Founded On 1996
    CEO Keshav Bansal
    Employees 10,000
    Annual Revenue US $870 million
    Products & Services Smartphones, Tablets, mobile phones, washing machine, LED TVs, UPS, webcams, security cameras, refrigerators, ACs

    Secrets To Chinese Investment in Indian Startups – StartupTalky
    Over the years, it is clearly seen that China is very interested in India. Thiscan be easily seen with the help of the large investment made by the Chinesecompanies in the Indian Start-up ecosystem. In India, China’s tech giantcompanies and venture capital funds have made a big Chinese investment…
    StartupTalkyYash Gupta

    Karbonn Mobiles

    Karbonn is an Indian company that manufactures smartphones, tablets and even mobile accessories. This smartphone company is a joint venture of the Jaina Group from Delhi and UTL Group from Bengaluru. The company came to existence in 2009 after being founded by Sudhir Hasija and Pardeep Jain and is headquartered in New Delhi, India. The companies sells its products in Bangladesh, Nepal, Sri Lanka, European Countries and Middle East.

    Karbonn mobile have also collaborated with telecom companies like Airtel, Vodafone, Idea and Jio. Karbonn is also given the rank of being one of the most trusted brands in India. The company was created after the maker’s infamous deal with the Eros International Media Ltd for whom they had to manufacture about 500,000 merchandise Kochadaiyaan which is a upcoming movie of that time.

    The company then collaborated with Hungama.com and have their app preinstalled in their phones. The company worked with Google and manufactured Karbonn Sparkle V which was one first android one phones in India. The company like other also faces competition from the Chinese brands and has also not launched any new models for a few years.

    Company Name Karbonn
    Headquaters New Delhi
    Founded On 2009
    CEO Pardeep Jain
    Employees 10,000
    Annual Revenue US $91 million
    Products & Services Smartphones, Tablets

    India manufacturing phones

    iBall Mobile

    iBall is as India electronics company that manufactures a wide range of products such as smartphones, tablets, web camera, PC cabinets, earphones, desk sets, keyboards, headsets, speakers, pen drives, USB products, LED monitors, chargers, etc. The company was founded in 2001 by Anil Pararampuria and has its headquarters in Mumbai, Maharashtra. The company also makes low budget smartphones, PC and tablets and its accessories.

    iBall first started out by making computer mouse, but is known for its 2014 projects named Andi Udaan through which it made smartphones for blind women. The phone was designed in way that it had a SOS button behind the phone which made to create sounds and send automatic messages and calls to five contacts when it is pressed. In 2015 and 2016 iBall collaborated with Intel and Microsoft to launch the country most affordable Windows 10 laptop which is iBall CompBook at Rs 9,999.

    Company Name iBall Mobile
    Headquaters Mumbai, Maharashtra
    Founded On 2001
    CEO Sandeep Parasrampuria
    Employees 2,000
    Annual Revenue US $170 million
    Products & Services Smartphones, Tablets, mobile phones, speakers, laptops, routers, webcams, security cameras

    Jio’s Journey Towards Dominating The Data Market
    Reliance Jio has fulfilled its dream of taking over the data market and the 4Gspace in India. From December 2015 up to 2020 the marketing and growthstrategies employed by Jio have enabled this company to emerge with giant likeproportions and establish itself as a leader in Indian telecom space. B…
    StartupTalkyPV Vyshnavi

    Xolo Smartphone

    Xolo is an Indian mobile phone company which is a subsidiary to Lava International. The company was in 2012 and is headquartered in Noida, Uttar Pradesh. The company is known for its smartphones, tablets, laptops and accessories like power banks. Xolo is credited for being the first company that launched a smartphone (X900) with the Intel processor in India.

    The company also aims in manufactures high quality smartphone with lower cost smartphones. It was the first Indian company to be the regional partner of the Liverpool FC. Xolo also launched a tablet named Xolo Win tablet and the first 4G enabled smartphone (LT900) in India in 2013.

    It also credited for introducing the first dual camera phone in India. The Xolo Black made with the partnership with Flipkart, while the Xolo era series was made in partnership with Snapdeal. Xolo introduced a lot of new features like dual 4G sims and up to 512 GB of ram in its Xolo A500 phone which came out in 2013. The company has also recently developed its own unique UI for android phone known as Hive UI. Xolo ZX smartphone is the last phone the company in 2019.

    Company Name Xolo
    Headquaters Noida, Uttar Pradesh
    Founded On 2012
    CEO Vishal Sehgal
    Employees 1,371
    Products & Services Smartphones, Tablets, Hive UI, Laptops

    Lyf

    Lyf or Reliance Lyf is a smartphone company that belongs to Reliance Jio which is a subsidiary of the Reliance Industries Limited. The company was founded in 2015 by Mukesh Ambani and is headquartered in Mumbai, Maharashtra. The company started out by making affordable smartphones which was named after elements of nature such as LYF Water, LYF Earth, LYF Fire with free Jio sim cards.

    This led it to becoming the fifth largest smartphone manufacturer and the second largest 4G LTE smartphone maker in 2016. The company also had partnered with Amazon and Grofers to deliver its phones. But after the short success the company stopped producing new phones.

    Company Name Lyf
    Headquaters New Delhi
    Founded On 2015
    Founder Mukesh Ambani
    Products & Services Smartphones, Wifi hotspot devices

    5 Essential Google Chrome Extensions for Web Developers
    Google Chrome [/google-statistics-you-should-know/] is undoubtedly the mostpopular browser in the world. If you compare Google Chrome with other majorbrowsers like Safari, Opera, Firefox, or Microsoft Edge, it is far ahead of themin terms of user share. In less than a decade, Chrome has managed …
    StartupTalkyDev Kumar Padhy

    YU Televentures

    YU Televentures is an Indian electronics company that is a subsidiary of Micromax Informatics and Cyanogen Inc. Yu was founded as a joint venture from the companies in 2014 and is headquartered in Gurgoan, Haryana. Micromax’s Co-Founder Rahul Sharma is known to own 99% of stakes in YU. Some of the best models created by the company are YU Yunique 2, YU Yureka 2 and YU Ace. However YU was discontinued by Micromax as it was merged with the company.

    Company Name YU Televentures
    Headquaters Gurgoan, Haryana
    Founded On 2014
    Founder Rahul Sharma
    Products & Services Smartphones, pocket printer, Power bank

    Frequently Asked Questions – FAQs

    What are the Top Indian mobile companies?

    • YU Televentures
    • Lyf
    • Xolo smartphone
    • iBall Mobile
    • Karbonn Mobiles
    • Micromax
    • Lava International
    • Intex

    What are the Chinese companies dominating the Indian smartphones market?

    • Oppo
    • Vivo
    • Xiomi
    • Realme
    • Huawei
    • Lenovo
    • OnePlus

  • How to Register a Business in India

    The 21st century is the century of startups and new rising companies. If you too want to start something of your own, something different and promising but don’t know how to put it up in front of the world in a legal way or you are too intimidated by the modus operandi here’s something for you that can help you start your venture of business and money-making.

    Some Fundamentals of Registering your Business in India

    Checklist for Business
    Checklist for Business

    Before going for the legal authentication part make sure you have done some profound research on the market you are going to step in, build a product that fits the demand of the people, and have an easy yet noteworthy name for your brand so that your registration process goes as smooth as it can be. You simply can’t build a business if you don’t have the exact idea of what you are going to present in front of the world. Make sure you are confident enough to start sailing in the ocean of marketing.

    Registering your business offline could be a complicated and greasy process. It is far better to do it online and it gives more transparency on how the systems work. Here are certain procedures that have been broken down into simple steps to help you register your business in India.

    Guide to DPIIT Startup Registration Process – StartupTalky
    Startup India Scheme is a flagship program by the Government of India, launchedin 2016. The Government through this initiative aims to empower Startups to growthrough innovation and design. The goal of Startup India is the development andinnovation of products and services and increasing the empl…
    StartupTalkySouvik Dey

    Guide to DPIIT Startup Registration

    Visit the Website of the Ministry of Corporate Affairs

    When you start the process of registration, first of all, you need to visit the government website of the Ministry of Corporate Affairs (MCA). There you will need to find two forms, one of them is named DIR-3-KYC and the other as DSC (Digital Signature Certificate). You need to fill out these two forms first then apply for the DIN i.e. Director Identification Number.

    Register Business in India-Required Documents
    Documents to be submitted

    While filling out both of the forms you need to have certain documents handy as they have to be submitted along with both of the forms. These documents include proof of address, educational qualification, current occupation, passport. Along with all these documents you also need to send some passport size photographs.

    After filling out these forms you will have to register for the Digital Signature Certificate, also known as DSC without which you won’t be able to apply for the company registration in the online mode. For this, you also need those same documents which include proof of address, educational qualifications, current occupation certificate, passport, and passport size photographs.

    File an Application

    Once you are done with the previously mentioned forms, prepare an application. In this part, you will have to fill up the 1A form electronically. This process officially performs the registration of the name that you want to give to your company. You cannot just give a name that you think is suitable for your business. Here you will have to send a list of at least four names out of which one will be selected by the RoC based on their availability and whether they are appropriate. It is normally better to give more than 5 names as you will have more chances for your application not to get denied.

    The RoC (Registrar of Companies) might take up to 2 days to respond. In this process, you will have to pay a fee of Rs. 500. Once the RoC approves the name that you have provided, the registration of the company must be done within 6 months of approval. If not done within the period, the whole process of registration has to start all over again.

    How to Apply Government Loan for your Startups
    The new year brings fresh and innovative business prospects to your creativeminds. Granting start-ups will make those innovations feasible. Yet it’s not always straightforward to address the issue of how to get fundingfor a startup. You must know where you are going to look and get ready to do th…
    StartupTalkyMichelle D’souza

    Draft the MoA and AoA

    The last step of registration includes the drafting of the Memorandum of Associations (MoA) and the Articles of Association (AoA). As these are two legal forms, these need to be dealt with carefully where you might take help from Lawyers while filling out the forms. The MoA provides a list of the different agendas of the company while the AoA lists out the details of the Company’s operation and its management. Both the Documents need to be compulsorily signed and attested by a minimum of two people from the company with a person being the witness of the whole drafting process.

    Drafting Documents for registering business in India
    Draft MoA and AoA

    After doing so these documents are to be sent to the RoC for the verification process. After the documents get approved by the authority, a print out must be taken out so that you can get them validated. Then you can attach these documents along with all other documents necessary for the registration of your business.

    With all of the above documents attached, you can now apply for the registration of your company by submitting the documents to the RoC. You have to register your company in the state where you will be performing your business. Then you will be provided with a certificate of Incorporation from the RoC which is the legal Certificate that declares the business to be legal and to be your own. This means that your business is registered and you can simply start conducting your business.

    Top 10 Small Business Ideas To Start In 2021 | Best Business Ideas 2021
    2020 has brought severe turmoil and tension to the global economy, the COVID-19pandemic [/tag/covid-19/] being the biggest challenge. Countries have had toimplement lockdown [/tag/lockdown/] measures to contain the disease. Starting anew business won’t be the same as earlier. Hence, following the…
    StartupTalkyDevashish Shrivastava

    What after Registration?

    After the successful registration of your new Business, there is another additional step that you must do before starting your business. You must apply for a GST number, which when registered will complete the whole process of your company’s registration.

    This must have given you the basic idea of how to register your business in the smoothest way possible. Though there might be some extra procedures involved, depending on your location and the type of business you want to run, it is always better to get started as soon as you can.

    Conclusion

    Registering a business in India is not that complicated as it may feel. You just need to have some knowledge before getting down on the platform. The procedures set by the government for a successful registration is a quick and sorted process which makes it easy for a new company to start and run without much complications. After you are done with registering your business in India, it is now time to make it prominent and successful. There is one small piece of advice that you may need before you start your business venture is that no matter how challenging and exhausting the market makes you feel if you can make it better for the customers, you will surely succeed in your business. Keep your hopes high and your visions clear.

    FAQs for Registering your business in India

    How to register a foreign company in India?

    A foreign company can establish its business in India by filling out the FC-1 e-form. A digital signature of the official representative is needed whiling filling out the form electronically. There is no need to apply and obtain the DIN for the Directors of the foreign company.

    What is the objective of small business registration in India?

    Regardless of the type of business you want to run, you will always have to register your business officially. The reason being that a certain business transaction must follow specific rules and guidelines for being legal in India. Registering the business declares the company to be yours, secures the name of your company, and gives you the authenticity to take any legal actions whenever necessary.

    Can I get a registration number for my business?

    On applying for registration you will be given a recognition number for your business. This number will be provided to you once there is complete verification of your documents.

    How long does it take to start a business in India?

    It normally takes two to three weeks to complete the registration process and you can start your business in India within a short span. After you are provided with a legal recognition certificate for your business, the Indian Director can help you with opening a bank account in the company name.

    How to choose a company name?

    It is better to search for a name that is simple, easy to pronounce, and is relevant to your business. You can always take help from the internet. The RoC may expect you to follow some naming guidelines while naming your company.