StartupTalky

Tag: insight

  • List of All the Subsidiaries and Acquisitions of UpGrad

    UpGrad is an educational technology company that was founded in the year 2015. The company has its headquarters located in Mumbai, India. The company was founded by Ronnie Screwvala, Mayank Kumar, Phalgum Kompaili and Ravijot Chugh.

    The target market of the company is the working professionals who are looking back to get into the learning process without quitting their job.

    The company provides access to the working professionals with university education through online modes in a structured manner. Let’s look at the below article to analyze the different subsidiary companies of UpGrad.

    The Gate Academy
    Acadview
    Fairmont Technologies Pvt. Ltd
    Rekrut India Pvt. Ltd.
    FAQ

    The Gate Academy

    The Gate Academy is one of the recently acquired company by UpGrad. With this acquisition, UpGrad had entered into the test preparation market. The acquisition amount was not disclosed by UpGrad.

    Even after the acquisition, the company is been known from its original name as The Gate Academy itself. The Chief Executive Officer of the company is Ritesh Raushan. The Gate Academy has its headquarters located in Bengaluru, India.

    The Gate Academy Website
    The Gate Academy Website

    The plans of UpGrad after acquiring the startup were to increase the accessibility of this startup to at least 1 million test takers annually. This was planned to be achieved by investing over INR 100 crore in the company and by developing the content of around 20,000 hours in different languages.

    The Gate Academy is one of India’s leading coaching institutes. The company has around 57 centers across the country. There are around 2 lakh learners who are enrolled for GATE and other entrance exams. They have consumed around 76 million video hours.

    The Gate Academy has provided UpGrad with a non-linear growth opportunity by entering into a new segment and providing a deeper penetration in the semi-urban and the rural markets.

    Acadview

    Acadview was founded in the year 2015 by an ex-Google employee Himanshu Batra. The company helps fresh graduates upskill themselves to find highly skilled jobs. They upskill the graduates through industry projects and online coaching.

    Acadview also provides an opportunity to the young IT professionals to earn an extra income by teaching the courses to the students and providing mentorship. The company has its headquarters in New Delhi, India.

    Acadview has partnered with more than 80 private universities and
    colleges across five states in north India. The company has claimed that it has onboarded around 3,000 students in the previous year.

    The acquisition of UpGrad will help the subsidiary company to focus on the north Indian market and UpGrad will help in expanding its presence there. UpGrad will also help the company to bring up its model online by providing the required materials.

    Fairmont Technologies Pvt. Ltd

    Fairmont Technologies Pvt. Ltd was founded in the year 2015. The company has its headquarters in Bengaluru, Karnataka. UpGrad had acquired the startup CohortPlus which is operated under the company Fairmont Technologies Pvt. Ltd.

    Srinivasan Narayan is the founder and Co-founder of the company. CohortPlus will enable members to post various questions and they will get a chance to receive various perspectives from industry professionals. The members also have an option to seek assistance on Job interviews using the platform.

    CohortPlus claims that it has a community of more than 31,000 members from a wide range of companies such as Google, Adobe, Facebook, Amazon, Practo, Zomato, Uber, etc. After the acquisition by UpGrad the company is concentrated on enlisting the support of the parent company to build a proprietary platform for people who are looking to advance in their careers.

    Rekrut India Pvt. Ltd.

    Rekrut India Pvt. Ltd was founded in the year 2020 and has its headquarters in Mumbai, India. Ajay Shah is the managing founder of Rekrut India Pvt. Ltd. Rekrut India has an extensive network of over 100 recruiting experts who handles the complexities of the hiring process.

    Rekrut Website
    Rekrut Website

    The startup is said to be working closely with a lot of corporates, MSMEs and large enterprises. The acquisition helped the parent company that is UpGrad in turbocharging its career engine by providing a wider opportunity in placement and enabling the learners using the UpGrad platform to access the hiring partners of Rekrut India Pvt.Ltd.

    This was the first time where an EdTech startup had acquired a recruitment company in India. The size of the deal was not disclosed.

    FAQ

    Who is the owner of upGrad?

    Ronnie Screwvala is the Co Founder and Chairman of upGrad.

    Who is the CEO of upGrad?

    Arjun Mohan is Chief Executive Officer of upGrad.

    Is upGrad profitable?

    upGrad’s revenue stood at Rs 230 crore in FY20. The company has set a revenue target of Rs 300 crore for the January-March quarter.

    Conclusion

    All this acquisition has provided a strong platform for UpGrad in the EdTech space in India. These subsidiary companies are working closely with UpGrad to capture the Indian EdTech market.

  • Why is Citibank leaving Indian Consumer Banking market

    Citi Bank had recently announced that it will exit retail banking operations in India and 12 other countries. The other countries include Australia, Indonesia, Korea, Bahrain, Malaysia, Philippines, Poland, Taiwan, Russia, Thailand and Vietnam. Citi bank is one of the largest foreign banks in India. Let’s look at the below article to understand why Citi bank is leaving the Indian Consumer banking market.

    About Citibank
    Reasons Why Citibank is leaving Indian consumer banking market
    Other Reasons for the exit from Indian banking market
    Future Plans of Citibank
    FAQ

    About Citibank

    Citibank had entered Indian retail banking in the year 1902. The business of Citi Bank in India consists of Credit Card business, retail banking, wealth management and home loans. The company has around 35 branches across India and around 29 lakh retail customers.

    As of March 2020, Citi bank has around 12 lakh bank accounts and about 22 lakh credit card accounts. The bank has around 5.9% market share in the digital payments and around 6 % market share in credit card spends.

    According to FY2020 Citi bank has a 15.4 % share in the market share of loans among the foreign banks in India. As of 31 March 2020, the total deposits in the bank were around INR 1.57 trillion which includes the deposits from other banks as well as customers.

    It is estimated that around 26% of the foreign portfolio investments are through Citi bank India.

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    Reasons Why Citibank is leaving Indian consumer banking market

    American based banking major Citi bank is reducing its consumer operations as part of a broader strategic review. The new Chief Executive Officer, Jane Fraser is slimming down the operations in order to focus on the wealth management business since Citibank lacks the scale to compete in the retail banking operations.

    Jane Fraser while announcing Citi bank’s quarterly results said that they have decided that they are going to double down on wealth as a result of the ongoing refresh of their strategy. He said that, while all the 13 markets including India have excellent business, Citi Bank doesn’t have the scale they require to compete.

    Jane Fraser added on saying they believe that their capital, investment dollars and other resources are deployed better against the higher returning opportunities which include the wealth management and the institutional businesses in India.

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    Other Reasons for the exit from Indian banking market

    One of the other reasons for the exit from the retail market in India syncs with the trend of full or part exit of foreign banks in India from the year 2009. This is mainly because of the high capital and various other regulatory requirements in India.

    These factors have pushed various foreign banks to retreat into their domestic markets in order to protect their profitability. Certain foreign banks such as Barclays, HSBC, Standard Chartered bank, etc. have curbed their operations in India and other banks such as J.P Morgan, Goldman Sachs, etc. have surrendered their banking licenses.

    In addition to it, foreign banks do not find the small number of profits received from retail banks in India commercially attractive. This is one of the major reasons to exit the retail market when the domestic banks are in the process of finding more retail customers.

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    Future Plans of Citibank

    Citigroup has said that it will now focus on operating its global consumer banking business solely from four markets such as Singapore, Hong Kong, London and the UAE. The company said that it would continue its corporate and institutional banking business in the markets where it is ending planning to end the consumer operations.

    In India, Citigroup will focus on offshoring or global business support rendering its services from major centers in Mumbai, Pune, Bengaluru, Chennai and Gurugram.

    Ashu Khullar who is the CEO of Citi India said that India is a strategic talent hub for Citi and he added on saying that they will continue to tap into the rich talent pool which is available in the country to grow Citi’s five solution centers which are a support for their global footprint.

    He also added that, there was no immediate change to their operations and there wouldn’t be any immediate impact to the colleagues as a result of this announcement.

    Citi is not closing down its business in India but it is changing hands after it gets a requisite regulatory approval and a proper buyer. The bank said that till the time of the sale there will be no impact for their customer as well as their 21,000 employees.

    FAQ

    Does Citibank have branches in India?

    Citibank currently has 35 branches in India with 19,235 employees.

    Is Citi and Citigroup the same?

    Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries.

    Who is the CEO of Citibank India?

    Ashu Khullar is the current CEO of Citibank India.

    Conclusion

    Citi had become one of the largest foreign banks in India over the years and its decision to close down the consumer business in the country marks the end of an era.

  • The Big Data Market Insights

    The big data market is becoming a growing area of cognizance throughout the diverse end-use industries. The big data market helps industries to manage their important data hence, permitting businesses to manipulate huge chunks of data efficiently. Data mining today is extremely important for companies, as the world has shifted online. With the help of quality data regarding consumers, their wants and needs companies can ensure a quality success rate.

    Corporations with the help of the big data market get efficient and become exceptional in coping with it, in the end, increasing the big data analytics market in retail becoming valued at $4.43 billion in 2019, and is calculable to achieve $17.85 billion through 2027, registering a CAGR of 20.4% from 2020.

    Manufacturers steadily spend money on R&D for growing their company’s statistical data to deliver good services. Big data market vendors are predicted to pay attention to mergers & acquisitions and mission investment ascribing to generation development and complex ecosystems. The big data industry report entails big data market players walking the game, a number of which can be as follows

    • IBM
    • HP Enterprise
    • Teradata
    • Oracle
    • SAP
    • EMC
    • Amazon
    • Microsoft
    • Google

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    The Big Data Market Regional Insights

    North America emerged as a major Data market industry accounting for more than 30% of the full sales proportion in 2015. The emergence of the big data market has given an array of possibilities to numerous agencies to control treasured information circulation and remodel it into widespread information. Europe is likewise predicted to witness a full-size increase over the following 9 years due to the fact the administrative and authorities sectors emphasize a growing range of on enhancing operational performance.

    The Big Data Market Analysis by Region

    Asia Pacific is predicted to outperform the global data market with CAGR exceeding 17% over the forecast period. North America will guide the path for the duration of 2027. Regionally, North America attributed to almost two-fifths of the global market analytics in retail in 2019, and is anticipated to preserve its dominant proportion through the Adoption of AI .

    Big data analytics market research in retail companies is forcing the marketplace boom in this province. On the other hand, the Asia-Pacific place is envisioned to paint the quickest CAGR of 23.5% from 2020 to 2027.

    The adoption of cloud-enabled global data analytics in retail software programs , growth in recognition of speedy net connectivity, ever developing cell phone penetration, and growing recognition of e-trade organizations are the foremost things that propel the boom in this region.

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    Big data market trends are valued at $4.99 billion in 2018 and is said to reach $61.42 billion by 2026, this will make Big Data a Service which is a cloud-based total framework and which will give statistics answers to firms on their demand. The education & improvement section is predicted to witness an exponential boom over the forecast period.

    As firms make investments closely in analytics tools, staff, and understanding for greater desirable enterprise decisions, the want for powerful education gets an upward thrust to well shape and examine information for green company decision-making.

    The Global Big Data And Business Analytics

    The Global data market in Hardware

    The hardware phase accommodates server, garage, and community devices. The community device phase is predicted to witness an increase at a CAGR exceeding 20% over the forecast period. This is ascribed to the reinforcement of a new community protection paradigm ensuing from the growing emphasis on greater suitable protection necessities worldwide.

    The global data market size is also anticipated to witness a healthy growth over the subsequent few years because of the elevating name for hybrid and public clouds, which is predicted to strain the need for a greater acceptable global data market size over the imminent years.

    Additionally, the server phase is also anticipated to flourish over the following nine years. The global data market size is anticipated to be the quickest developing software program phase with a CAGR more than 15% over the forecast period.

    This is mostly attributed to the growing name for customers to get admission to information as and whilst required, which has drastically ended in a push for cellular information also it is predicted to preserve the very best CAGR of 23.1% from 2020 to 2027.

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    The Big Data Market in End-Use

    Organizations collect and shop data with the intention to extract quality statistics from ancient data to gain better insights. This is performed for the purpose of analyzing and making particular decisions, which helps in improving operational efficiencies, threat mitigation, and rate reduction. Understanding the cap potential of big data & analytics, numerous sectors have started out deploying the same throughout their systems.

  • Comparing WhatsApp Business With Whatsapp

    Ever since the inception of the Whatsapp Messenger in 2010 even till the point of it’s acquisition by the administration of FACEBOOK and onward, the fastest growing messenger platform has undergone its cycles of ups, downs, booms and criticisms. Meanwhile, as Whatsapp and Whatsapp Business has to run with the aim of keeping up with trends, user feedback and an efficient management of the database of the more than 65 billion messages sent each waking day, upgrades and innovation would stand in as more of a necessity than a routine.

    Whatsapp Users_StartupTalky

    As the world closes in faster than ever towards the data age whence the world’s economy operates online, the commerce sector amongst others is not left out in the revolution as the era of e-commerce is closing in than ever. In January 2018, Whatsapp successfully launched the Whatsapp Business App for small business use in order to support businesses and basically created with the best interest of small business owners in mind. With a new capacity and enablement for the owners of small and medium scale businesses to connect with their clients, it was a very welcome initiative.

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    It can be expected that a bone of contention would be raised regarding the need for the original version of Whatsapp or the supplementary significance of Whatsapp Business but herein are some things that may be needed to be put in consideration when placing the two Apps on the scale of need or satisfaction.

    The Scale of Privacy

    Imagine having to attend to business conversations as late as 9:00pm when your business actually closes daily operations as early as 5:00PM just because you do not want a client wondering why you are obviously online but not responding even after your latest Whatsapp story reads CLOSED FOR TODAY! as boldly as possible. It happens that you get torn between answering to a chat as personal as one form, say, your fiancé, and answering a client you have never met and need to create a good impression on.

    It is very tempting, especially for small business owners and entrepreneurs, to spend time meant for personal conversations, discussions and engagements on answering to a client. There is another fear to answer to when your personal/ mobile phone is borrowed is the same device used for business calls. In summary, the ability of a device to accommodate both the Whatsapp Messenger and the Whatsapp Business App helps every business owner to create a boundary between personal ‘stuff’ and business ‘stuff’.

    Working after work hours_StartupTalky

    By adhering to the time schedule placed on your Whatsapp Business profile as your ‘hours for business’, Whatsapp can assure you a safe haven for all private chats and groups while you go all out on the Whatsapp Business platform; being as actively online as possible so that you could attend to clients in time and ‘freeze’ it once your business hours are over. This ensures the continuity of private conversations on Whatsapp without being exposed to potential conversations relating business that could rob you of your personal space.

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    The Scale of Structure

    Whatsapp proves to be a very friendly and informal environment for chatting, messaging and exchange of moments and memories while Whatsapp Business is meant to be more formal, business-like environment with exchanges of transactions. In order to fit its purpose, the Whatsapp Business App comes with tools, features and packages that help stimulate an online business structure such as the following:

    • Cataloging
    • Profiling
    • Labels

    The Scale of Automation

    Whatsapp Business comes with features and tools that makes it easier for businesses to have a full operational structure online which would be totally not so useful for private purposes.

    Even at this, there are some of these features that can be explored for personal use, one of which is AUTOMATION. Just like voice mail boxes, automation of ‘away’ or ‘welcome’ messages calls your respondents tho action by welcoming then and encouraging them to drop a text or offline messages till you are around.

    There are really no much features that distinguish WhatsApp Messenger from WhatsApp Business asides the purpose for which the latter was created – business, of course. If you are a small business owner with a strong presence online, you might want to consider maximizing both.