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  • Edmodo – About, Business & Revenue Model

    Edmodo is an instructive innovation organization offering a correspondence, cooperation, and training stage to K-12 schools and instructors. The Edmodo network empowers educators to share content, appropriate tests, tasks, and oversee correspondence with understudies, associates, and guardians.

    Edmodo was established by Nick Borg, Jeff O’Hara, and Crystal Hutter in 2008. It is sponsored by Index Ventures, Benchmark, Greylock Partners, Learn Capital, New Enterprise Associates, Union Square Ventures, Glynn Capital Management, Tenaya Capital, SingTel Innov8, and KDDI. As of July 2019, Edmodo professed to have over 100M clients worldwide. About half of these clients were in the US, with the rest being in 180 nations around the globe. Critical focuses exist in Singapore, Indonesia, Uruguay, and Italy. About 10% of these clients were instructors, a representation of how well known Edmodo is in study halls.

    Educational Tools for Students for Online Classes, Learning, and Assessment
    Even before the pandemic, several EdTech startups and companies were doingfairly well in their respective fields, but since the previous years, theirsales have been skyrocketing. Digital platforms have started replacing thetraditional classroom, by making education more flexible and accessible. Aā€¦
    StartupTalkyANSH MEHREY

    Edmodo Business Plan

    Below we will analyze the business plan that took Edmodo to the peak of success:

    Client Segments

    Edmodo is focused on educators, empowering them to work together, share assets, track understudy progress, and utilize intuitive showing apparatuses from one spot. The Edmodo stage is utilized by over 300,000 schools around the world. The Company’s essential market is, where it gives the main social training stage among K-12 schools.

    Behind the US Edmodo’s biggest business sectors are Mexico, Australia, Colombia, and Canada. Notwithstanding serving educators, Edmodo is additionally focused on understudies and guardians. Understudies can partake in web-based learning and intuitive tests, while guardians can screen their youngster’s school exercises, evaluations, and investment in school occasions.

    Edmodo
    Edmodo is using the web-based learning and intuitive tests to reach more clients

    Incentives

    Edmodo’s most prominent worth is that it makes the way toward making exercise substance, testing, and understudy observing a more straightforward, additional time productive and more open cycle for instructors and schools. The stage makes the learning cycle more straightforward, with educators ready to find what instructing strategies are best for which understudies and guardians ready to screen the advancement and execution of their youngsters.

    The administration is allowed to utilize and accessible through web programs and versatile and tablet applications, permitting instructors, understudies, and guardians to cooperate and partake in the taking in experience from anyplace. The Company likewise furnishes instructors with progressing support, preparing projects and assets.

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    Every startup builds a business model that is viable and promises huge returnsafter a specific time frame. But for a business to sustain itself in this highlycompetitive ecosystem, earning revenue along with some investments is important.So, here are some of the revenue model for startups i.e. a ā€¦
    StartupTalkyPiyush Mishra

    Channels

    The Edmodo stage can be gotten to through the Company’s portable and work area sites at www.edmodo.com. The Company additionally has versatile and tablet applications accessible for iOS and Android.

    Client Relationships

    The Edmodo stage is accessible on a self-administration premise, with instructors, understudies, and guardians ready to enlist through the Edmodo landing page for nothing out of pocket. Understudies require a gathering code, given by their educator, to enlist, while guardians should have an exceptional parent code for their youngster. When enlisted clients can utilize the stage self-rulingly with no cooperation with Edmodo agents.

    The stage’s substance is network-driven, with educators, understudies and guardians urged to associate and team up with each other. Edmodo offers backing to its clients through its self-facilitated Help Center, which incorporates client instructional exercises, FAQs, and investigating guides, just as through a Community Support organization and direct connection. The Company likewise cooperates with its client network through its incorporation of a blog, a pamphlet, occasions, and its online media accounts.

    What is a Business Model? | Types of Business Models | StartupTalky
    Ever wonder how businesses work? What goes on behind-the-scenes? How Googlemakes money? Or how thereā€™s a McDonaldā€™s a stoneā€™s throw from wherever you are!Every business follows a certain style of working. And that style is itsbusiness model.First things first, defining what is a business model?ā€¦
    StartupTalkyGorish Dua

    Key Activities

    Edmodo is an instructive innovation organization that works as an online social learning stage for instructors, understudies, and guardians. The Company expects to make learning a more effective, inventive, and straightforward cycle. Its foundation empowers instructors to all the more effectively work together, share assets, discover exercise thoughts, and collaborate with guardians.

    It additionally permits the two educators and guardians to all the more precisely screen the advancement of understudies and recognizes which strategies for instructing are best. Notwithstanding offering an online stage, the Company gives a scope of preparing and expert advancement courses to instructors with the goal that they can all the more successfully use the Edmodo innovation. Edmodo likewise works together with an organization of accomplices to make additional usefulness through local applications.

    Edmodo works as an online social learning stage for instructors, understudies, and guardians

    Key Partners

    Edmodo accomplices with tech organizations, instructive bodies, content distributors, and subsidiary advertisers. The Company has vital associations with Microsoft, acquainting clients with the Office 365 cloud programming, and Cambridge University Press, incorporating new Cambridge University Press content for the improved straight GCSE capabilities.

    Edmodo additionally has content associations with Khan Academy, LearnZillion, Oxford University Press, Better Lesson, and Sony Global Education, the principal accomplice to give Japanese substance. In Mexico, Edmodo has cooperated with SINADEP-SNTE, the nation’s biggest instructor’s association to bring together correspondence and joint effort among its individuals.

    Edmodo engages expert teachers in one-to-one interactions with the students as well as their guardians

    In 2012 Edmodo delivered its API and has since joined forces with a scope of engineers to make outsider applications that upgrade the Edmodo stage’s usefulness. The Company additionally teams up with brand and channel accomplices to grow it’s showcasing go and produce new clients.

    Distinct advantages

    Edmodo’s distinct advantages are its product stage, its IT framework, its vital and substance associations, its workforce, and its client network. Searches of records held by the US Patent and Trademark Office recognized no patent applications documented in Edmodo’s name.

    Edmodo Revenue Model

    Edmodo works under a freemium income model, giving free admittance to its social learning stage with the alternative for clients to pay for extra usefulness and administrations. The Company has three head income streams: its application commercial center, its preparation and expert improvement administrations, and its superior Snapshot administration.

    Edmodo offers a scope of on the web and in-person preparing arrangements, including one day, in-person Edmodo Workshop and Edmodo Deployment programs valued at $2,500 per gathering of 25 instructors and a multi week online Edmodo in real life course evaluated at $7,500 per gathering of 25 educators. The Company likewise gives a four hour Certified Learner Course that should be haggled with a neighborhood salesman.

    JioSaavn- Revenue Model and Business Model
    Jio is one of the topmost companies in India and it has a lot of potentialcustomers. It is headquartered in Mumbai, India. In March 2018, JioMusic andSaavn merged in a deal worth $1 billion. After this, Saavn and JioMusicrebranded as JioSaavn. The merger was a huge advantage for both Jio and Saaā€¦
    StartupTalkySandhya Raju

    Edmodo’s exceptional Snapshot administration, which permits educators to all the more precisely check understudy progress, is purportedly valued at somewhere in the range of $1,275 and $2,000 every year, per school. Furthermore, the Edmodo commercial center proposals around 600 outsider instructive applications, some free and some paid-for. Premium applications, at different value focuses, can be authorized by instructors on a yearly, per homeroom premise

  • 99acres Vs. MagicBricks- Who Wins?

    If we have to point out some of the worst fights online, the fight between 99acres Vs. MagicBricks will be one of them. The two have been in real estate for years, but their fight has made more headlines than their achievements in the real estate business. The 99acres Vs. MagicBricks conflict surely has a deep impact on the customers. Even I was confused if I want to do something with my property or look for one which one should I choose? 99acres or MagicBricks? Both claim they are the best. But why? Through this article, we have listed out the points from both sides in the 99acres Vs. MagicBricks conflict for you to choose the winner in the end-

    Performance of 99acres

    Home purchasing feeling improved as open area banks and private players sliced home credit loan costs to a 15-year low. Below the list shows how 99acres have performed this year.

    Pre-COVID Times

    • 2020 took the inquiries up by 80% of the pre-COVID times.
    • Engineers detailed a 50 percent recuperation in the number of exchanges.
    • The resale portion stayed under tension with bargains shutting at a 2-5 percent limited rate overall.
    • With an expansion of more than 31,000 units in metro urban communities, new dispatches went up by 4.5 times.

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    StartupTalkyPV Vyshnavi

    Post-COVID Times

    • Post the COVID-19 episode, 99acres saw a drop with around 33,000 units in Jul-Sep 2020
    • 2.5 occasions of the deals detailed in Apr-Jun 2020, for example, 9,700 units. Mumbai and Delhi drove other metro urban communities regarding the deal volume and comprised around 29 percent and 22 percent of the absolute exchanges, separately.
    • The provided property cost estimates stayed unaltered across urban communities. Notwithstanding, with offers, limits, and dealings on the table, exchanges shut at an adjusted cost of around 2-5 percent on a normal.
    • The most noticeably terrible influenced were Chennai and Delhi NCR, which endured the worst part of a high divergence popular and flexibility.
    • Bangalore and Hyderabad were the main business sectors that supported costs amid the pandemic and the resultant financial plunge because of the strength of end-clients and a positive interest flexibly condition.
    99acres
    • New dispatches went up by 4.5 occasions with the expansion of around 31,000 units this quarter, as against 5,500 units in the past quarter.
    • The unsold stock plunged by a small one percent, YoY, and remained at 4.4 lakh units toward the finish of September 2020.

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    With the business sectors opening up around mid-June, a couple of engineers dispatched new undertakings, while the greater part centered around finishing and selling their continuous tasks. Homebuyers, be that as it may, stayed mindful of under-development tasks to limit the danger in their ventures. Prepared or close prepared units collected most extreme footing.

    Performance of MagicBricks

    With the Covid-19 pandemic having on a very basic level modified everyday connections for most, India’s land area has needed to zero in on highlights, for example, video walkthroughs and online rental installments, and even cashbacks and prizes to squeeze out development. Since the Covid-19 effect on the area has been grave, land tech new businesses would likewise have to have strong establishments to defeat the emergency.

    magicbricks

    One such organization is Times Internet-claimed land posting commercial center MagicBricks. As the organization plans for the post-COVID-world, it could cheer up from its to some degree improved monetary execution in the financial year finishing March 31, 2020, or FY20. Below the list shows how MagicBricks have performed this year.

    • As indicated by MagicBricks’ financials, and verified by Inc42, the organization recorded an income of INR 246.28 Cr in FY20, a 16% expansion from its income of INR 213.24 Cr in FY19.
    • The organization’s costs became 9%, from INR 221.13 Cr to INR 241.81 Cr.
    • While a year ago, the organization recorded a deficiency of INR 7.89 Cr. this year, it has figured out how to turn a thin benefit of INR 4.47 Cr.
    • Furthermore, with the conceded charge recorded down as a resource and added to the EBITDA, the organization has announced a general benefit of INR 49.63 Cr.
    • The expense of materials devoured, worker benefits cost, account expenses and devaluation, exhaustion and amortization cost saw an expansion.
    • Costs regarding upkeep, power, travel and other various costs, declined by 9%, from INR 117.92 Cr to INR 107.49 Cr.

    Land tech organizations are focusing on highlights to fill the dispersion hole, especially for home viewings and documentation. The filings express that MagicBricks is hoping to add more highlights in its differentiated portfolio and that during FY20, the organization put resources into “land supplies of huge designers across India for capital appreciation.”

    List of Real Estate Startups in India
    Now a days, every startup provides services at your doorstep. You can haveanswers for all your problems with few clicks on internet. Now technology has made this easy. You can have all information related toproperty with few clicks on internet. Real estate industry is using enhancedtechnologiesā€¦
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    It is important that before this month, the Times Internet-possessed organization augmented its bundle of administrations to incorporate a scope of rental arrangements, for example, tenant contracts, inhabitant confirmation, and pay lease, as it broadens its property administrations commercial center.

    Administrations for occupant confirmation and tenant contract can be profited at costs beginning INR 499. Inhabitants can likewise utilize MagicBricks’ Pay Rent stage to move leases up to INR 45,000 to their landowners by utilizing Mastercard and procure reward focuses, the organization said in a delivery.

    A Brief Overview of Traffic in 99acres Vs. MagicBricks

    • Monthly visitors: MagicBricks wins
    • Average Daily visitors: MagicBricks wins
    • Clicks per visitor: MagicBricks wins
    • Total Minutes spent on the site by the visitors: 99Acres wins
    • Unique visitors: 99acres wins

    Now several other aspects can be kept in mind like site accessibility, a total number of customers handled, successful and failed projects, etc. to conclude. In a nutshell, we keep it on the readers which one they prefer in their real estate related matters. As of this current month-

    • MagicBricks successfully has more than 1 Mln dynamic property postings, of which, 58% are available to be purchased and 42% for lease
    • 2.1 lakh selective postings posted uniquely on its foundation by singular landowners from across 700 towns and urban communities.

    In this case, MagicBricks wins, but as we already said, it’s up to an individual which one he/she prefers as in the conflict of 99acres Vs. MagicBricks, both have a lot to offer.

  • Reasons Behind The Thomas Cook Bankruptcy Case | Thomas Cook Case Study

    Thomas Cook Group was a British travel company which operated as both, an airline company and a tour and travel firm. The Group was founded after the merger of Thomas Cook AG and My Travel group in 2007.

    However, the brand “Thomas Cook” is 178 years old and was trusted by travellers globally. Recently, Thomas Cook Group collapsed due to a lack of funds. They have announced their bankruptcy. We tried to find out what were the reasons behind the Thomas cook bankruptcy case. Here’s a Thomas cook case study or Thomas cook bankruptcy case study for you!

    News About Thomas Cook Bankruptcy Case
    Global Travel Industry
    History of Thomas Cook Group
    Reasons Behind Thomas Cook Bankruptcy Case
    Why Thomas Cook India is Safe?

    News About Thomas Cook Bankruptcy Case

    Thomas Cook Group collapsed on Monday, 23 September 2019. This caused 22,000 losing their jobs which include 9,000 people from the UK.

    More than 150,000 travelers who were on holiday, lost their trip home.

    On 26 September 2019, the British Civil Aviation Authority (CAA) announced that they have scheduled over 70 flights on Thursdays (26 September) to bring back 16,000 travelers who were on their holiday to different countries. Their program would continue until 6 October. They have more than 1000 flights planned to schedule for 10 days.

    The last Tweet from Thomas Cook

    Global Travel Industry

    The Travel Industry is one of the biggest service industries in the world. Over 1.45 Billion people travel in a year globally. It is expected that the number of travelers in 2019 will be 3% to 4% more than that of 2018. With the increase in the disposable income of people, the travel industry can expect to grow at a higher rate. Some of the few industries which are the pillars for the Travel Industry are:

    • Transportation (Flight, Trains, Car rental, etc.)
    • Accommodation (Hotels, hostels, camps, etc.)
    • Food (Restaurants, Clubs, Bars, etc.)
    • Entertainment (Shopping, Casinos, Concerts, etc)
    • Finance (Insurance, Banking, Loans, etc.)

    Without all the above industries, it is not possible to imagine the travel industry in this era.

    The following factors have either changed or promoted the travel industry in recent years:

    Online Booking

    With the help of the Internet, it has become so easy to access all the information and book everything online.

    Personalized Experience

    Many hotels now provide personalized services based on the choices of the customers.

    Automation & Robots

    The trend of making hotels automated with the help of machines and robots to serve people has changed the whole industry. Although, many people think that it would be creepy to be in such a hotel many travelers still looking for some new experience.

    Influencers

    There are a ton of influencers and especially vloggers who keep travelling and showing new places to people which influences people to travel more.

    These were just a hand full of the reason but there are a lot of factors which promote traveling and Internet stays at the top.

    History of Thomas Cook Group

    Thomas Cook Case Study
    Thomas Cook, Founder of Thomas Cook & Son

    Thomas Cook Group is the oldest travel agency in the world which was founded in 1841. Thomas Cook founded the company by helping people travel by train. He was a part of the Temperance Movement (A movement against Alcohol) and arranged meetings for the movement and carried temperance supporters from one British City to another.

    At the same time, he founded the Thomas Cook Travel Agency and worked as the middle man for the travellers. Around 1860, the company was arranging foreign trips and was the first one from the country to take people to the US & Europe. It even arranged many world tours for travellers.

    When Thomas Cook was succeeded in arranging many trips, he became sure about this business and bought a shop on Fleet Street, London, and started selling travel accessories along with travel arrangements. In 1872, Thomas formed a partnership with his son and renamed the company to Thomas Cook & Son. Thomas’ son, John Mason Cook provided expertise for the commercials of the company.

    Thomas Cook & Son old office - Thomas Cook Case Study
    Thomas Cook & Son office

    Thomas retired in 1878 and John Mason and his son were now responsible for the business. By 1888, the company was able to establish its offices in various countries. By now, the company was developed in terms of its services. They were able to arrange many activities in other countries for their travellers like Opera, Mountain climbing, etc.

    The company then ran by the family members only and remain the same until 1924 when it was renamed to “Thomas Cook & Son Ltd.” after getting limited liability status.

    The third generation of the family was even more successful as travel became more popular. However, the company was sold to Hays Warf Cartage Company in 1942. After few decades, it was then acquired by the British Government and was renamed to “Thomas Cook Group Ltd.“

    Between 1974 to 2001, Thomas Cook Group Ltd. was acquired by many companies until C&N Tourist AG acquired it and renamed it to “Thomas Cook Group AG“. Later in 2007, Thomas Cook Group AG was merged with My Travel Group to form “Thomas Cook Group Plc“.

    Why Did Thomas Cook Collapsed?

    Reasons Behind Thomas Cook Bankruptcy Case

    Why Thomas cook failed? Some of the reasons which led to the failure Thomas Cook Group and caused Thomas cook bankruptcy case are:

    Funding

    The major and the most obvious reason for the collapse of Thomas Cook is that they were not able to secure the funding of Ā£200 million or almost $250 million. If the company would have received the amount of funding, it could have easily survived instead of getting bankrupt but due to lack of funding led to the Thomas cook bankruptcy case.

    The Debt

    Thomas Cook had a debt of over $2.1 Billion. It is the reason the investors backed out of investing in the company. The bosses of Thomas Cook even met many lenders and creditors in London but failed to raise any funds. Again investors backed which led to the Thomas cook bankruptcy case.

    The Model

    The business model of a travel agency depends on segregating the different aspects of travelling and packing it into one travel package. However, with the easy and direct access to any service through the internet, the travel package, or going through a travel agency has become obsolete.

    Airline Expenses

    Thomas Cook was a service travel company that even provided flights to travellers. However, operating an airline is not an easy task. An airline company needs a lot of funds to bear its running cost. Costs like fuel, maintenance, crew, etc. need to be fulfilled.

    Brexit

    The company is calling it the top reason for the collapse. In May 2019, the CEO of Thomas Cook, Peter Frankhauser said: “the Brexit process has led many U.K. customers to delay their holiday plans for this summer.”

    And of course, one reason for its failure is the common reason for most of the business failure, resisting change. Thomas Cook was unable to adapt the changes according to the new generation and ended up collapsing.

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    Why Thomas Cook India is Safe?

    Even though the whole world is shocked by seeing the 178 years old company collapsed, Thomas Cook India is still doing business as always.

    The reason behind it is that Thomas Cook (India) Ltd. was acquired by Fairbridge Capital Ltd. is a subsidiary of Canada-based company, Fairfax Group.

    Hence, Thomas Cook India is totally safe and still operational. However, they have put this warning to let the users know that their company is independent of the brand of Thomas Cook.

    Thomas cook bankruptcy case study
    When you visit Thomas Cook India website, it shows this message

    Even though Thomas Cook India is still operational, they have seen a sudden downfall in their share price. Their share price decreased by 5.23%.

    Conclusion

    Thomas Cook has been a great business since its birth. The company changed the way people travelled. In the age when it was a luxury to travel to another city, the company made it possible to easily travel to other countries. Along with its travel business, it has also been a great financial company for travellers.

    However, everything has an end. So, it is an acceptable truth and not a surprise that the company ceases to operate anymore. Even though the travel industry has grown as a whole, but it has also evolved in the process. So, if any company has to survive in any industry, they need to adapt change according to the generation. I hope you learned something in this case study of Thomas Cook.

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  • How Minance Is Changing Investment Management In India

    The investment landscape in India is fragmented and spilt between the haves and the have not. Over the last decade, India has seen an increase in the inflow of foreign direct investment (FDI). More MNCs have been opening their offices and expanding their businesses here, resulting in a wealth of job opportunities. The Bangalore based Minance has stepped forward to solve the chaotic investment landscape of the country by making three fundamental changes.

    The company is vesting its focus on making investing more accessible, making the process more transparent and finally working towards centralization. Investing for higher returns has become an important factor in the average Indianā€™s financial planning. While there are many wealth management firms targeting high net worth individuals (HNIs) and their impressive portfolios, there arenā€™t many players in the market helping the average Indian invest his/her hard-earned savings and realize profits from otherwise idle assets.

    This is where Minance steps in to make a difference. The company aims to change that by helping investors from all walks of life invest in products that were earlier available only to the ultra-rich. Right from financial handholding, transparent dealing of investments through a customer friendly dashboard, to centralization of investments and taxation, Minance is giving the Indian consumer financial independence in the true sense of the term.

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    A brief about Minance

    Minance is a private wealth management firm focused on providing a comprehensive range of investment product for its partners. Minance uses a combination of complex algorithms and fundamental research to guide our investment across derivatives, equity, mutual funds and private equities. Minance was founded in the year November 19th, 2014 by Anurag Bhatia. The vision is to be a one stop solution for investorā€™s financial needs. The company also provides taxation services and is expanding to insurance, credit, and international equities.

    Minance manages the investments of its partners across a range of asset classes from equities and derivatives to mutual funds and stocks of fast-growing private companies and startups. In just four-and-a-half years, Minance has 3,000 partners and an Asset under Management (AUM) of over $41 Million (Rs. 300 Crore). Bhatia the founder of Minance says that, ā€œOur internal tagline is the money company and we want that to be a reality. To that end, we will soon be expanding into insurance and creditā€.

    Anurag Bhatia, the founder and CEO of Minance
    Anurag Bhatia, the founder and CEO of Minance

    When it comes to the history of minance, the company was started when Bhatia was still employed under Amazon. He noticed how a lot of employees who had vested their Amazon stocks but didnā€™t know what to do with the money. Bhatia who then was known to be the ā€˜stock market guyā€™, would help them make a deal in which he would manage his colleagueā€™s investments in return for 1/5 of the profits. This led to Bhatia making a company known as Minance. The company, which initially offered just derivatives, soon gained traction among investors because of its low investment ceiling of Rs 25,000.

    Bhatia became well known after becoming a top writer on Quora. Impressed with his knowledge of the markets, people started pouring in to invest through Minance. The young founder says that heā€™s been humbled by the overwhelming response to his company. ā€œThe journey has been challenging at times. What we set out to do hadnā€™t been done this way before and we had to build a lot of things from scratch, especially the technology,ā€ he says. Now the investment management firm has around 3,000 partners and has an Asset Under Management (AUM) of over Rs. 300 Crore

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    Standing out in the crowd

    What makes Minance stay ahead is their belief of simply establishing a personal relationship with the people who invest with them. Over the years, the company has managed to build a family of clients who have restored their faith in Minance. Minance has been able to carve out a niche for itself in the competitive market with established players like Tata, HDFC, Future Capital, Kotak Mahindra Capital, Edelweiss stock broking and many more.

    The founder of Minance, Anurag Bhatia says that, ā€œSmall retail investors were catered to by mutual funds and the ultra-rich (investments of Rs. 30 Crore and more) went with players like ASK, HDFC, Kotak, etc. We take care of the needs of those in the middle, people who can invest anywhere between Rs. 5-10 Lakh to a few croreā€. Minance products are designed in way that they cater to a wide range of risky profile needs. Minance has a product for everyone whether they are a heavy risk taker hungry for return or conservative investor looking for a stable and consistent gain.

    The logo of Minance
    The logo of Minance

    Systematic investments plans (SIPs) are the most popular type of mutual fund as it is easy and convenient, but it comes with a problem as people forget to monitor people forget to monitor them and when market conditions change. Regular monitoring and rebalancing are needed, for which Minance offers managed mutual funds. Bhatia points out that one of the most sought-after products Minance offers is a mutual fund enabled product called Assets Pay Cash, which is designed to generate around 12% additional returns per annum over and above what the mutual fund makes.

    Investing through SIPs in stock are harder since you need to gauge the market and track multiple stocks, which is time consuming. ā€œWe are making this easier with our equity product (Bloom). Investors can set up a SIP with us, the money is parked into liquid debt funds while we wait for the right time to deploy. This way your money is still invested and we get to pick the right time to enter the market,ā€ explains Bhatia.

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    Products offered by Minance

    The products offered by Minance are varied in nature. The company taps into the unlisted/private equity market and carries out quality research on companies that are revolutionaries in their fields. The team at minance is focused on research and they make a point to delve into specifics before pitching an investments to their clients. Assets Pay cash (APC) is another investment strategy risk averse in nature with an aim to have you generate significant alpha above your mutual funds.

    The idea is to collateralize your mutual funds, gain margin and then trade in conservative option positions. With all this, our team of Investment managers and Traders work towards being up to date with the market nuances to make informed decisions for our clients,ā€ he informs. Some of the known products offered by the company are:

    • Bloom ā€“ Minance long tern equity product is designed to grow your wealth over a 3 to 5 year period. Both Arbor and bloom feature five risk profiles to balance risk appetite with returns.
    • Arbor ā€“ Minance core derivatives product catering to aggressive investors, Arbor is designed to generate returns of up to 35%. The product is market neutral, meaning it will generate returns regardless of the market direction.
    • Private equities ā€“ The Company offers shares of promising private companies such as PayTm, Ola Kurlon Mattresses, Nazara, etc.
    • Mutual Funds ā€“ The company helps its partners identify and manage the most lucrative funds for a given risk level, based on the efficient frontier theory.
    • Assets pay cash ā€“ This lets the partner make 12% more returns on top of their mutual funds with no additional investments.
    • Tax safe ā€“ Tax safe is minance online vault which stores userā€™s tax documents and enables them to file taxes in a fast and hassle freeway.
    • Global Equities ā€“ Minance latest product enables its partners to invest in a diverse global portfolio comprising of US tech companies, European manufactures, Asian infrastructure firms and many more.

    A hardworking team

    Minance is backed by a young and self-reliant team that is open to opportunities and willing to learn. Bhatia say that, ā€œFinance at the end of the day is also an empathetic business and if you do not speak to your clients the way you would like to be spoken to, the concept of client service is lost. Our team believes in being honest with our clients.ā€ The aim of the company is to level where it serves the elite Indian crowd.

    The idea is to target the rich customers and help them manage their wealth. Traditional methods of investing have existed for centuries and the team is looking for avenues that could help them bounce from these methods to a more advanced ones. ā€œIt’s common to worry when it comes to Futures or Options as products because they are quite complex in nature. But that’s where the trick is the want to figure that out. That defines us,ā€ he concludes.

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    Investments made easy and accessible

    Minance partners have access to all these advantages while being able to maintain complete ownership and control of their money. One of the most popular features is a sure shot investor pleaser and the ability to redeem funds anytime. By allowing complete liquidity, Minance takes away whatever apprehensions investors generally have, which make them wary of investing. Minance also enables its partners to access their accounts anytime they wish to see how their funds are doing.

    It offers a web dashboard through which partners receive updates and insights about the companies they have invested their funds in. This helps them stay in loop without having to set up additional tickets on their desktop. Wealth management is an important concern for people living in a country burgeoning economically, technologically, and in many other aspects. Minance helps investors as well as novices strike this balance and provides them the perfect platform to spread their wings and experience ultimate financial freedom.

  • JioMart VS BigBasket: Top Contenders Of Online Grocery Market

    In the year 2019, Reliance Industries launched their own online groceries ordering website called JioMart, this was meant to be an alternative for the other grocery websites like BigBasket which is a well-established company in the market for the last few years. BigBasket has the experience and expertise of almost a decade, while JioMart launched in 2019 is already gaining users rapidly.

    However JioMart has an added advantage which is pricing, JioMart offers a flat 5% minimum discount on MRP on all their products which is pretty similar to DMart’s model, this model helped DMart become an overnight success story in India with their malls being found left, right and center in most Indian cities today. Hence why, Mukesh Ambaniā€™s digital grocery JioMart is scaling at a pace for its competitors to take a very hard look at their ventures.

    JioMart is currently receiving orders at 250,000 per day. At the same time, the old players in the market such as Big Basket is receiving 220,000 per day respectively during the coronavirus induced nationwide lockdown, Bigbasket however has seen per day orders to rise around 190,000 and 300,000 levels respectively. JioMart operates in 200 cities, while Big Basket operates inly in 30 cities.

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    A brief about BigBasket

    Big Basket is one of the largest online grocery super market in India. The company was founded in 2011 by Hari Menon, VS Sudharkar, VS Ramesh, Vipul Parekh and Abhinav Choudari. It is headquartered in Bengaluru and operates in 30 cities in India. Big Basket offers variety of products such as fresh fruits, vegetable, food grains, oil, masala, poultry and meat, packaged snacks, beverages household supplies including healthcare products.

    It has more than 20,000 different from 1000 different brands across its catalog. The valuation of the company is 1.8 billion, reaching the unicorn status. Bigbasket has revenue of around $3.2 million and approximately 4,000 employees. It delivers to various cities in India such as Hyderabad, Mumbai, Pune, Chennai, Delhi, Noida, Mysore, Coimbatore, Vijayawada, Kolkata, Ahmedabad, Lucknow, Kanpur, Gurgaon, Vadodara, Vizag, Surat, Nagpur, Patna, Indore, Chandigarh, etc.

    Big basket was launched at a time when India’s urban workforce in cities was finding it difficult to allocate time to buy groceries and home essentials. Bigbasket gave its customers a flexibility to place their order anytime and get the things delivered at their preferred time. Bigbasket comes with the promise of having low prices and prompt delivery services.

    The logos of bigbasket and jiomart
    The logos of bigbasket and jiomart

    A brief about JioMart

    JioMart is an Indian online grocery delivery service, started as a joint venture between Reliance Retail and Jio platforms. JioMart delivery grocery and daily essential from nearby stores. The platform was soft launched in December 2019. A pilot was launched in selected areas of Navi Mumbai, Thane and Kalyan in April 2020. In May 2020, Jiomart launched in 200 cities and towns in India.

    Within a few days of its launch the JioMart Application crossed 1 million downloads. In October 2020, JioMart signed an agreement with Infibeam Avenues. JioMart is an online selling channel format of Reliance Retail Limited. We offer you convenience of shopping everything that you need for your home. The website sells products like fresh fruits and vegetables, cereals, packaged food, bakery and dairy, frozen and pet food, household cleaning items to your specialized beauty and personal care products from a single virtual store.

    JioMart is an online grocery store that provides 50,000 plus grocery products at discounts rates at your doorstep through an express delivery system. The company follows the on-demand model. JioMart also avoids using the system of warehousing and partner with local retailers instead. These retailers will source the grocery products and deliver it to the customers. JioMart’s app is available for download on Google Play Store and Apple Store.

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    Features of Bigbasket

    BigBasket has over 10 million customers. While the companies target audience is the working people, students and old people who donā€™t have the energy to go to grocery stores or to even stand in lines and buy the necessary products. Big basket helps people to browse through a huge variety of quality grocery items. Big basket helps these people to browse through a huge variety of quality grocery items.

    BigBasket home page
    BigBasket home page

    When the customers can order the required products which will be delivery within 90 minutes for express delivery or next morning for slotted delivery. There are three types of delivery systems which are

    • Slotted delivery: Customers can pick a convenient slot when they want their purchase to be delivery.
    • Express delivery: This service can be availed by customers in cities like Bangalore, Mumbai, Pune, Chennai, Kolkata, Hyderabad and Delhi NCR. Delivery will be done within 90 minutes

    The company has BB specialty stores: Big Basket has partnership with specialty stores like Karachi bakery. Customers can request a product from the store which will be delivered within 90 minutes. Big basket has acquired 100% stakes in milk delivery ventures Raincan and morningcart. The milk delivery service was branded as BB daily where customers can get milk delivered to their home in the morning everyday through subscribing for a fee.

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    Features of JioMart

    JioMart will operate on the online to offline business model, it will connect with the local retailers and deliver goods to customers by procuring then from the nearest store located in the customerā€™s vicinity. This is unlike Grofers and BigBasket that use warehouse model. JioMart helps the correct the unorganized retail sector and help local shopkeepers whose businesses were adversely affected due to competitive pricing and warehousing strategies of online retail stores.

    JioMart home page
    JioMart home page

    In addition to increased sales and margins, these shopkeepers will be equipped with point of sale (PoS) terminals, integrated billing applications, and GST compliance. It will also upskill them in inventory management and supply chain management. The types of delivery services provided by JioMart are:

    • Free home delivery: It will give you the benefit of delivery of commodities at your doorstep by producing it from the nearby store.
    • No minimum value for free delivery: Sites like Big Basket and grofers det up a minimum value of purchase to avail the free delivery.
    • Express delivery: Express delivery means quicker delivery than ordinary services. In the ecommerce segment, it is generally within 24 hours.
    • No question asked return policy: When you wish to return the goods that you ordered online, you are almost always bombarded with unnecessary questions, JioMart will not ask the customer those questions.
    • Big discounts: The platform gives early discount of Rs. 3000, the platform has come up with a promotional strategy of pre-registration wherein people can save up to Rs. 3000 on future shopping.

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    Funding and acquisitions of Big Basket and JioMart

    BigBasket has received funds worth around $526 million. The investors include Alibaba group, Abraaj Group, Ascent Capital, Bessemer venture partner, Brand Capital, Helium venture partner, ICICI venture, IFC Venture capital group, LionRock Capital, Paytm Mall, Sands Capital management, Sands capital ventures, Trifecta capital and Zodius Capital.

    There are also talks about additional funding of around $200million post which the company would be valued at around $900 million. When it come to the acquisition BigBasket acquisition of delyver in June 2015 for an undisclosed amount. Delyver was also an online grocery store and its specialty was using local stores to deliver groceries to people. Now, all business assets of delyver have been merged with bigbasket.

    The Reliance Industries has acquired or invested in several companies, which are now under Jio platforms. Some of them Haptik, Embibe, Radisys, Reverie, Grab a Crub, EasyGov, Asteria Aerospace, Tesseract. The companies that have a stake in the Jio platforms are KKR, Public Investment fund of Saudi Arabia, Vista equity partners, Silver Lake Partners, Mudabla Investment Company, General Atlantic, Google and Facebook among others.

    Valuation of JioMart and Big Basket

    In May 2020, the enterprise value of Jio platform was estimated to be $72 billion. The company was also reported to be valuable than all other businesses of RIL put together. Morgan Stanley has valued the net asset value of Reliance Retail at $29 billion the company estimates the e commerce will account for 15% of all retail sales in India by 2023. Big Basket on the other hand has the valuation of over $1.2 billion.

    Big basket raised $300 million in February 2018 as part of its series E financing, which was led by the Alibaba Group. This gave the company a post-money valuation of $850 million. According to market sources, BigBasket is scouting for additional funding of $350-400 million at a valuation of about $2 billion. BigBasket has hence upped growth targets for FY21 by 40-50 per cent.

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    Workflow and Navigation of both websites

    When it comes to workflow both the websites are similar overall ordering process, you sing up using email and phone number, selection or area or pin number, adding item to the cart, clicking on the checkout button to finally finish the payment process. BigBasket has a much wider variety of categories for products, while JioMart needs to work more in this area. However, JioMart is gets a point as it has the multi search feature. With the help of this feature the user can search multiple products in one go and the combined results will be displayed.

    Navigation and search on big basket and jiomart
    Navigation and search on big basket and jiomart

    Wallet and checkout

    JioMart does not have a wallet, it is also difficult choose an option to apply discount vouchers or choose a delivery slot. However JioMart directly refunds to your online payment method in case there is an adjustment later and they also have an option of crediting the amount to your store credit account. In contrast BigBasket provides lots of options during checkout such as the ability to apply a voucher, use balance from the wallet select a delivery slot, etc.

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    Storage Levels

    JioMart orders are sourced from your nearest retail outlet of reliance Fresh or reliance mart unlike BigBasket which are sourced from their own warehouses. This way JioMart has an advantage that is their sources like Reliance fresh are already established enterprises unlike the Big Basket warehouses, so they didn’t have to create their supply chain from scratch. Also, I think their stocks will churn out much faster as both online and offline buyers will buy from the same sources.

  • Co-working Spaces- How Is It Working In India?

    The predecessor to modern co-working was hackerspaces and other collectives. These allowed professionals in a field to interact and share ideas. But with time, sharing didnā€™t stop with ideas and it moved on to resources.

    Co-working space is a concept that originated about 15 years ago. The concept involves bringing different companies to work with a common space and infrastructure. This concept came into being because of the rise in prime real estate prices. Small tech companies and start-ups could not afford it. So, they wanted a setting to share resources to reduce costs.

    Number of coworking spaces (globally)- 2017 forecast
    Number of coworking spaces (globally)- 2017 forecast

    Co-working spaces came into being for the sole purpose of reducing costs spent on real estate. Although this is one major reason for the increase in demand, they have grown out to be more than that.

    With a flexible working environment, co-working spaces offer a sense of being part of a bigger community. This is best suited for offices with very few workers or a group of freelancers and start-ups.

    For any small tech-based start-up, the first need is getting a lot of connections. With a community filled with people from various fortes, co-working is a boon in disguise.

    For a group of freelancers, paying monthly rents and spending money on infrastructure is useless. Co-working provides a way around that and pay only when used.

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    How The Co-working Model Generates Revenue?

    The basic revenue for co-working spaces is the income from subscriptions. The rates that are charged depending on the amenities, location and the time for which the amenities are used. This is for companies that pay based on a long term membership agreement.

    There is another type of co-working where a space is set up and provided on a lease basis to the highest bidder. The maintenance of the space and the amenities are managed by the owner.

    Top Facilities That Make Co-working Spaces Appealing For Companies

    • Networking is the most important advantage that a co-working community offers.
    • Hassle free office maintenance at very low costs without any compromise on utility.
    • With collaborative co-working spaces, locations other than the home location can be used.
    • With high-end tech equipped conference rooms, meetings and conferences can run problem-free.
    • Without the need to spend any money, co-working offers excellent interiors to promote a work environment.
    • Common amenities include recreational spaces for all members. This ensures that the employees work all the time but also spend time for themselves.
    • Industry talks, games and other events are also organized in co-working spaces to allow the members to bond into the community.

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    Co-working Culture In India

    India saw its first co-working space in 2012 when 91Springboard started its operations. Although it did not cater to the needs of companies like spaces today, this was the start in India.

    Today, Co-working is the fastest growing need in the declining real estate industry. This shows that it is highly in high demand. Since 2018, the trend has started to rub off on all major cities in India. At first Delhi, Mumbai, Bangalore and Hyderabad were seen as potential locations for co-working spaces. The trend is not spreading to almost all tier 1 and tier 2 cities in India.

    Future Of Co-working On India

    Expansions and takeovers

    There have been quite a few new entrants in this market like Oyo, One Cowork, etc. Companies like these start with a foot in almost all major cities. So, smaller shared spaces can be acquired by such large players. Established co-working space companies like 91Springboard will expand operations in new cities. We can observe a lot of mergers and acquisitions in this field.

    Domination by large enterprises

    Large corporations will establish long-term deals for co-working. Co-working spaces will meet their day to day office space needs for the large part.

    Specificity

    Todayā€™s co-working is focused on the community as a whole. But with the rise in the number of spaces, client-based features are a new path to develop on. By providing features that cater to a niche clientele, more and more growth can be observed.

    Start-up dominance

    With over 40 percent of the population constituted by youth, India will see a rise in the number of start-ups. Small tech companies and Start-ups prefer Co-working over traditional office spaces as they provide better connectivity and infrastructure. This will lead to an increase in the share of Start-ups in co-working spaces.

    Expansion in Tier 1 cities

    Geography limits most Co-working platforms in India. Most of them exist only in a few cities. The expansion of such players into other tier 1 cities will be seen for sure in the next 2 years.

    Growth in Tier 2 and Tier 3 cities

    Bangalore, Delhi and Mumbai are the most preferred locations in Tier 1 cities. Although there are other cities with equal potential for expansion, many MNCā€™s are expanding to smaller cities. So, this untapped market will provide more buzz for the Co-working space market.

    Expansion to dominate the office space market

    The actual share of shared spaces is very low right now. But with the increase in the need for good office spaces, this will change. More and more co-working structures will come up in the next 5 years and their share will cover almost 30-40 percent of the office space needs.

    New real estate market

    As this model becomes more successful, co-working operators will come into play. Real estate owners will provide buildings that will be renovated and managed by the local operators. This will begin to exist when prime real estate costs increase with a decrease in availability.

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    EndNote

    The increase in the number of shared working spaces has seen a huge increase in India. With the emergence of start-ups in almost all tier 1 and tier 2 cities, this growth is inevitable. In the next 5 years, the demand for shared office spaces will increase manifold as the resources become scarce. Co-working spaces work based on annual seating capacity. This number being very low in India, it is possible for failure. But there is one question that remains, will the market conditions change like expected or is there something unexpected.

  • The Subsidiaries That Make Reliance Industries Successful

    Reliance Industries Limited is an Indian multinational conglomerate company that is headquartered in Mumbai, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable and the largest publicly traded companies in India. The subsidiaries of Reliance Industries is what makes it successful.

    It is also known to be the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation. In the year 2020 Reliance Industries became the first Indian company to exceed US$150 billion in the market capitalization after its market capitalization hit Ā ā‚¹11,43,667 crore on the BSE. It is ranked as 8thamong the top 250 Global Energy Companies by Platts as of 2016.

    Reliance Company Highlights

    Company Name Reliance Industries
    Headquaters Mumbai, Maharashtra, India
    Founded On 1973
    Founded by Dhirubhai Ambani
    Chairman Mukesh Ambani
    Annual Revenue ā‚¹6,59,205 crore
    Products & Services Petroleum, Natural gas, Petrochemicals,Textiles,Retail, Telecommunications, Media, Television, Entertainment, Music, Banking, Software

    The company is ranked 96th on the Fortune Global 500 list of the world’s biggest corporations as of 2020. Reliance continues to be India’s largest exporter as it accounts for 8% of India’s total merchandise exports with a value of ā‚¹1,47,755 crore and access to markets in 108 countries. 5% of the government of Indiaā€™s total revenue comes from Relianceā€™s customs and exercise duty. It is also the highest income tax payer in the private sector in India.

    Know all the about the following topics:

    Reliance Shareholders
    Various Operations of Reliance
    Major Subsidiaries of Reliance Industries:

    Reliance Subsidiaries – FAQs

    Reliance Shareholders

    The number of share of Reliance Industries are approximately 310 crores (3.1 billion) and plays a major role in the Reliance industries. The Ambani family only holds 46.32% of the total shares whereas the remaining 53.68% shares are held by public shareholders including FII and corporate bodies. The life Insurance Corporations of India is the largest non-promoter investor in the company with 7.98% shareholding.

    Various Operations of Reliance

    The companies petrochemical, refining, oil, and gas-related operations form the core of its business other divisions of the company include cloth, retail business, telecommunication, and special economic zone development. In July 2012 Reliance Industries informed that it was going to invest US$1 billion over the next few years in its new aerospace division which will design, develop, manufacture, equipment, and components including aircraft, engine, radars, avionic, and accessories for military and civilian aircraft, helicopters, and aerostats, etc.

    Major Subsidiaries of Reliance Industries:

    Reliance Group has 158 + Ā subsidiary companies and 7 associate companies. Here are some of the most popular Reliance Industries Subsidiaries:

    Jio Platforms Limited

    reliance subsidiaries list
    Facts on Jio | Reliance Subsidiaries List

    Jio is essentially a technology company that is a majority-owned subsidiary of reliance industries. It is one of the top reliance subsidiary companies lists. It was announced in October 2019 and has all digital initiatives and the telecommunication assets being housed under it. This new subsidiary holds all the digital business assets including Reliance Jio Infocomm Ltd.

    Jio Infocomm in turn holds the Jio connectivity business which includes Mobile, broadband and enterprise, and also the other digital assets. Jio apps are the tech backbone and investment in other tech entities like Haptic, Hathaway, and Den networks among others. In April 2020, reliance announced a strategic investment of ā‚¹43,574 crores by Facebook into the Jio Platform.

    This investment translated into a 9.99% equity stake, on a fully diluted basis. Further in May 2020, reliance sold roughly 1.15% stake in Jio Platforms for ā‚¹5,656 crores to the American private equity investor, Silver lake partner. Intel became the 12th company to invest in reliance Jio platform after it invested ā‚¹1,894.50 crores. In July 2020 google announced that it will acquire a 7.7% stake in the Jio platform for ā‚¹33,737 crores.

    Reliance Industries Limited Success Story [Case Study]
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    StartupTalkyDevashish Shrivastava

    Reliance Retail

    Reliance Group Subsidiaries
    Retail Brands | Reliance Group Subsidiaries

    Reliance Retail is the retail business wing of Reliance Industries. In March 2013, it had 1466 stores in India. It is the largest retailer in India as it includes many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Wellness, Reliance Trends, Reliance Autozone, Reliance Mart, Reliance iStore.

    Reliance Home kitchen, Reliance Home Kitchens, Reliance Market (cash n carry), and Reliance Jewels all come under the banner of Reliance Retail brand. Its annual income revenue for the financial year of 2019 was ā‚¹1.62 billion.

    Reliance Life Science

    This company works around medical, plant, and industrial biotechnology opportunities. It specializes in the manufacturing, branding, and marketing of Reliance Industries products in Biopharmaceuticals, clinical research services, regenerative medicine, molecular medicine, novel therapeutics, biofuels, plant biotechnology, and industrial biotechnology sectors of the medical business industry. Reliance Institute of life science (RILS) was established by Dhirubhai Ambani Foundation as it is an institution offering higher education in various fields of life science and related technologies.

    Reliance Logistics

    It is a single-window company selling transportation, distribution, warehousing, logistics, and supply chain-related products. Reliance Logistics is an asset-based company with its own fleet and infrastructure. It provides logistics services to Reliance group subsidiaries and outsiders. Merged content from Reliance Logistics to here.

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    Reliance Clinical Research Services (RCRS)

    It is a contract research organization (CRO) and a wholly-owned subsidiary of Reliance Life Science, specializes in the clinical research services industry. Its clients are primarily pharmaceutical, biotechnology, and medical device companies.

    Reliance Solar

    The solar energy subsidiary of Reliance was established to produce and retail solar energy systems primarily to remote and rural areas. It offers a range of products based on solar energy, solar lantern, home lighting systems, street lighting systems, water purification systems, refrigeration systems, and solar air conditioners.

    Network 18

    Reliance Subsidiary Companies
    Reliance Subsidiary Companies

    In the mass media company, it has interests in television, digital platforms, publication, mobile apps, and films. It also operates two joint ventures namely Viacom 18 and History TV18 with Viacom and A+E Network respectively. It also has acquired ETV Network and since renamed its channels under the Colors TV brand.

    Relicord

    This is a subsidiary for cord blood banking service which is owned by Reliance Life science. It was established in 2002 and has been inspected and accredited by AABB and also has been accorded a license by the Food and Drug Administration (FDA) Government of India.

    Reliance Jio Infocomm Limited

    Previously known as Infotel Broadband, is a broadband service provider which gained 4G licenses for operating across India.

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    Reliance Industrial Infrastructure Limited

    It is an associate company of Reliance Industries. It holds 45.43% of the total shares of Reliance Industries. It mainly engages in the business of setting up and operating industrial infrastructure. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.

    The company set up a 200-millimeter diameter twin pipeline system that connects the Bharat petroleum refinery at Mahul, Maharashtra. The infrastructure company constructed a 71,000-kilolitre petrochemical product storage and distribution terminal at the Jawaharlal Nehru Port Trust (JNPT) Area in Maharashtra.

    Reliance Eros Productions LLP

    Has a joint venture with Eros International to produce film content in India.

    LYF

    It is a well-known 4G enabled Volte device brand from Reliance Retail. It is one of a Jio reliance subsidiaries, the consumer electronics arm of Reliance Industries Limited.

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    Reliance Subsidiaries – FAQs

    How many subsidiaries does Reliance have or how many subsidiaries of reliance?

    Reliance Group has six listed companies.

    Is Jio a subsidiary of Reliance?

    Jio Platforms Ltd is an Indian technology company and a subsidiary of Reliance Industries Limited. Established in 2019, the company owns India’s largest mobile network operator Jio and other digital businesses of Reliance.

    What companies does reliance own?

    Reliance Subsidiaries or subsidiary companies of reliance: Ā 

    • Reliance Communications Limited.
    • Reliance Infrastructure Limited.
    • Reliance Entertainment.
    • Reliance Power.
    • Kokilaben Dhirubhai Ambani Hospital.

    Is reliance a multinational company?

    Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

    How many branches of reliance company?

    Reliance Retail is the retail business wing of Reliance Industries. In March 2013, it had 1466 stores in India. It is the largest retailer in India.

  • How Does BCCI Benefit from India Series

    There’s no doubt that people are crazy about cricket in India. It is one of the most celebrated sports in our country. The Board of Control for Cricket in India (BCCI) is the richest cricket governing body in the world. One of the reasons behind BCCI’s success would be massive fans of cricket in India. The fact that BCCI does not depend on the Government of India for its finances is truly surprising.

    India’s tour of Australia is just around the corner and cricket fans can’t wait to watch their favorite players play against Australia. One question that arises in everyone’s mind is How does BCCI Benefit from India Series. Let’s have a look

    With Ipl closing to its final, which is happening in UAE, the Indian players aren’t allowed to head back home but rather would now board the flight to Australia. Indian cricket team will arrive in Australia on 12 November and will quarantine in Sydney before the first match of the series.

    India Upcoming Series

    Revenue model of India Series

    How does BCCI Earn?

    BCCI, the richest cricket body in the world but the question that arises in everyone’s mind is How does Ā this richest cricket body Earn. The different ways from which BCCI earns it is as follows

    1. Global Media Rights
    2. Official kit sponsorship rights
    3. Official Team Sponsor
    4. IPL Revenues

    1. Global Media Rights

    For most sports organizations including, BCCI, the sale of broadcasting and media rights is one of the biggest sources of revenue, generating the funds needed to finance major sporting events, refurbish stadiums, and contribute to the development of the sport. The royalties that broadcasters earn from selling their exclusive footage to other media outlets enable them to invest in the costly organizational and technical infrastructure involved in broadcasting sports events to millions of fans all over the world.

    Broadcasters pay a substantial amount for exclusive rights to show live coverage of sports events. In 2018 STAR India acquired BCCIā€™s 5-Year Global Media Rights(broadcasting and digital) For Rs 6,138.1 Crore, which is It will pay Rs.60.18 crore per international in India till 2023.

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    2. Official kit Sponsorship Rights

    Kit sponsorship is one of the most prominent forms of sports advertising. Having a brand name on the front of a team kit offers you coverage across all forms of modern media, putting you in front of hundreds of thousands, if not millions of cricket fans around the world.

    Nike has been Indian cricket teams official kit sponsor since 2006. As per reports, Nike coughed up around Rs 370 crores to renew the kit sponsorship with the Indian team in 2016 that will finish on September 30 this year. It is believed that they pay around Rs 87,34,000 per game.

    MPL Sports is the new kit sponsor for the Indian cricket team. In a fresh contract signed with the Board of Control for Cricket in India on Monday, MPL signed a three-year deal worth Rs 120 crores. The deal is from November 2020 till December 2023 and will see the board earn Rs 65 lakh per game over the three-year period.

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    3. Official Team Sponsor

    Official Team Sponsor Ā means a lot of brand exposure during Live sport. Official Team Sponsor has the right to display a commercial logo on the clothing of the menā€™s cricket team, the under-19 side, the menā€™s A-Team and the womenā€™s squad.

    Being an Official Team Sponsor gets you the perk of the prominent space in the backdrop board in the post-presentation area, the backdrop in the dugout, and boundary rope. A lot of these branding opportunities apart from digital and media opportunities are part of the official team partnership.

    Byju’s has taken over all associated sponsor rights of the current team sponsor Oppo Mobiles India Private Limited. Byju’s logo will be seen on the Indian team jersey.

    Official Team Sponsor
    Byju’s Official Team Sponsor

    4. IPL Revenues

    One of the biggest reasons behind BCCI’s financial strength is the IPL – which indeed is the most lucrative franchise-based cricketing tournament in the world. The BCCI gets a whopping INR 3300 crore from the media rights holder (Star TV) per year for the IPL. BCCI also earns about Rs 170 crore from Dream11, PayTM, CEAT, etc. sponsors.

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    BCCI, one of the richest cricket body in the world which has already crossed the Rs 13,000 crore mark in 2019. The money earned by BCCI is spent for the conduct of various cricket tournaments, starting from District level to international championships. The officials and players are paid a salary and playing fees respectively from the money that BCCI earns.

    All the credit for the success of BCCI goes to players and the Indian national team, which has not only performed brilliantly for the last few years, but also attracts sponsors with its glamour quotient. The astonishing thing about cricket sponsorship in India is, you donā€™t have to employ a marketing genius to bring in sponsors.

  • Investors That Make Reliance Retail The Largest Retailer In India

    The Reliance Retail has achieved success and become the Indian largest retailer, because of its investments, the investor demand for reliance retail business is so strong that Mukesh Ambani is putting investors on a wait list. Mubadala an Abu Dhabi based investor has recently decided to invest ā‚¹6,248 crore in the Reliance Retail to get a 1.40% equity stake for its investment.

    This announcement comes day after Silver Lake partners said that it will invest ā‚¹1,875 crore in India largest retailer. In all Reliance retail has managed to raise ā‚¹24,847.5 crore by selling 5.6% stake to private equity and sovereign funds. That includes General Atlantic which will pick up 0.84% stake for ā‚¹3,675 crore and KKR and co which will also invest ā‚¹5,500 crore for 1.28% holding.

    Reliance Retail has a total of 11,784 stores across consumer, electronics, grocery, general merchandise, fashion and lifestyle. And reported a consolidated turnover of ā‚¹1,62,936 crore and net profit of ā‚¹5,448 crore for the year March, 2020. The acquisition of future group retail and logistics business for ā‚¹27,513 crore will add 1,736 Big Bazaar and other stores 28.3 million sq. ft. of retail area across grocery and fashion segments.

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    A Brief about Reliance Retail

    Reliance Retail is a retail initiative of the group and is a central to our consumer facing businesses. It has is a short time forged strong and enduring bonds with millions of consumers by providing them unlimited choice, outstanding value proposition, superior quality and unmatched experience across all its stores. Reliance retail is the largest retailer in the country.

    Reliance Retail has adopted a multi prong strategy and operates chain of neighborhood stores, supermarkets, wholesale cash and carry stores, specialty stores and online stores and has democratized access to a variety of products and services across diverse segments for Indian consumers. Reliance retail reported a turnover of Rs. 1,30,566 crore for financial year 2018 to 2019. As of 2019, Reliance retail operates 10,901 stores across 6,700 plus cities with a retail area of over 24.5 million sq. ft.

    The various subdivisions of Reliance Retail
    The various subdivisions of Reliance Retail 

    Reliance retail operates Reliance Fresh, Reliance Smart and Reliance Market stores. In the consumer electronics category Reliance Retail operates Reliance Digital, Reliance Digital Express mini stores and Jio stores and in the fashion and lifestyle category it operates Reliance Trends, Project Eve, Reliance Footprint, Reliance jewels and AJIO.com in addition to a large number of partner brand stores across the country.

    Reliance Retail has emerged as the partner of choice for many International brands and has established exclusive partnership with many revered International brands such as Diesel, Superdry, Hamleys, Ermenegildo, Zegna, Marks and spencer, Paul and shark, Thomas pink, Kenneth Cole, Brooks Brothers, Steve Madden, Payless Showsource, Grand Vision and many more.

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    Below here are the recent investments made into the Reliance Retail:

    Saudi Arabiaā€™s Public Investment Fund

    On November 5, 2020, Reliance Retail, raised INR 9,555 Cr ($1.3 Bn approximately) from Saudi Arabiaā€™s Public Investment Fund (PIF), to accelerate the growth of its digital retail empire. It is a record eighth by marquee global investors in Reliance Retail. This investment values Reliance Retail at a pre-money equity value of INR 4.587 lakh Cr (around $62.4 Bn)

    PIF (Public Investment Fund) is one of the largest sovereign wealth funds in the world, which works alongside various global strategic partners and investment managers. It acts as the Kingdom of Saudi Arabia’s primary investment arm aiming toward generating long-term value for the Kingdom of Saudi Arabia

    Mubadala Investment

    The most recent investment was made by Mubadala Investment Company who is investing ā‚¹6,248 crore ($852.84 million) in the Reliance Retail giving the unit a pre-money equity value of 4.29 trillion rupees. The Mubadalaā€™s investment will translate into a 1.40% equity stake in Reliance Retail on a fully diluted basis. This investment by Mubadala pegs pre investment equity valuation of Reliance Retail at ā‚¹4.28 lakh crore.

    Ambani is also replicating funding blitz for the retail unit after selling stakes in Jio Platforms as investors, including Facebook Inc. and Google, bet on his efforts to build a technology giant that offers data, content and commerce. Mubadala had also invested $1.2 billion in Jio Platforms earlier this year.

    Shareholding No of Shares
    Vanishree Commercials Ltd 297,000,000
    Infotel Infocomm Enterprises Pvt. Ltd 36,000,000
    Silver Lake 109,929,733
    KKR 81,348,479
    General Atlantic 53,865,885
    Silver Lake 27,482,594
    Mubadala 91,572,004
    Total Equity Shares of RRVL 6,534,957,216

    General Atlantic Investment

    General Atlantic a leading global growth equity firm decided to invest ā‚¹3,675 crore into Reliance Retail. This investment values Reliance Retail at a pre money equity value of ā‚¹4,285 lakh crore. The general Atlantic investment will translate into a 0.84% equity stake in reliance retail on a fully diluted basis. This marks the second investment by General Atlantic in a subsidiary of Reliance Industries, following a ā‚¹6,598.38 crore investment in Jio platforms.

    Silver Lake Investment

    The Silver Lake would invest ā‚¹7,500 crore in subsidiary Reliance Retail Ventures for a 1.75% stake, valuing the company at ā‚¹4.2 trillion. Earlier in 2020, Silver Lake invested ā‚¹10,202 crore in Jio Platforms, Reliance digital service platform. This however, set the stage for more stake sales by the company including one to PE firm KKR, is also an investor in Jio Platform.

    Silver Lake is a US based Global Technology Investment firm with an asset size $60 Billion. It has 56 portfolio companies and 300,000 employees by these firms. The company has made investment in India with Jio Platform, Byjus and Eka with 10 acquisitions.

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    KKR Investment

    Global Investment firm KKR has also invested ā‚¹5,500 crore in Reliance Retail for 1.28% equity share. This was the second investment by KKR in a Reliance subsidiary, following a ā‚¹11,367 crore investment in Jio Platform which was announced earlier in 2020. KKR investment values Reliance Retail at a pre money equity value of ā‚¹4.21 trillion.

    KKR has also invested $1.5 billion in the Jio platforms, its Co-founder and Co ā€“CEO says that ā€œwe are pleased to deepen our relationship with Reliance Industries through this investment in Reliance Retail Ventures. Reliance retail new commerce platform is filling an important need for both consumers and small businesses as more Indian consumers have moved to shopping onlineā€.

    Jio platforms backing Reliance Retail

    RIL had given the option to investors in Jio Platforms to consider backing Reliance Retail as it sought to unlock value, following the acquisition of Future Groupā€™s retail assets last week, persons in the know said. Reliance Retail could look at offloading a 25-30% stake to a combination of private equity firms and tech giants such as Facebook, Google, and Intel, presenting telecom and retail as a potent force in India’s consumption story.

    Along with Jio, retail contributes 35% to Reliance Industries consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda), Mukesh Ambani, RILā€™s chairman, had said at the firmā€™s annual general meeting in July. Reliance has offloaded nearly 33% in Jio Platforms to 14 investors for Rs 1.52 trillion between April and June, emerging as the only firm in the country to go in for a massive monetization exercise at the height of the lockdown.

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    Jio Mart

    The reliance Retail runs supermarkets, India largest consumer electronics chain store, a cash and carry wholesaler, fast fashion outlets and an online grocery store called as Jio Mart. Ambani says that ā€œwe will induct global partners and investors into Relaince Retail in the next few quartersā€. As the firm was planning to scale up Jio Mart as it new venture.

    Some facts on Jio Mart
    Some facts on Jio Mart

    JioMart, which went live across 200 cities in May has crossed 250,000 in daily orders with the number growing each and every day. Since then daily orders have crossed the 400,000 mark. JioMart was pegged at ā‚¹ 500 per transaction, but Ambani is trying to increase this number by taking the platform into areas beyond groceries, including electronics, fashion, and healthcare.

    The company is also trying to work closely with WhatsApp which is owned by Facebook to boost the reach of JioMart. Apart from small merchants, Reliance Retail would also look to work closely with farmers to source more food items from them, as it seeks to scale up its farm to fork operations. At the same time, Reliance Retail would continue to push its presence into small towns and cities, Ambani said, adding more outlets in these places.

  • How Does Network Marketing See A Bump And A Crash?

    According to a report of the Federal Trade Commission, 99% of all Multi-level Marketing (MLM) or Network Marketing companies fail, surprisingly, these failures come even before the companies have had a chance to flourish a profit.

    Network Marketing is a type of business model which depends on person-to-person sales by independent representatives, mostly working from home. Also known as multi-level marketing, it involves a pyramid-shaped network of people who are responsible for the sales of the products. The participants in this network are usually paid on a commission basis for the following tasks like selling a product, their employees make a sale of the product.

    This model involves a pyramid structure of non-salaried people who get paid whenever they or a person below them in the pyramid makes a sale. A common example is the Avon commission program in which women sold products for makeup, door to door. Modern examples include marketers who advertise the products of other companies on their own blogs or websites. Let us see the complete story on the topic- How does Network Marketing see a bump and a crash?

    Beginning Phase of Network Marketing in India
    Growth of Network Marketing in India
    The Bump and The Crash

    Beginning Phase of Network Marketing in India

    Network Marketing Growth in India
    Network Marketing Growth in India

    Network marketing industry took birth around 1886, with the start of Avon. Direct interaction with customers was greatly successful. Nutrilite in 1945 started an evolution when it came up with MLM compensation plans. In this, the individual representative got the opportunity of establishing their own business by bringing new distributors into the business and earning revenue from their own sales and the sales of Ā the distributors.

    When this plan succeeded, global players like Avon, Tupperware, and Amway stepped into international markets of Ā India, Brazil, China in the 1990s .

    Network Marketing came to India in the 1980s with companies like Amway, Avon, Oriflame, Modicare, etc. In less than two decades, the direct selling industry has furnished 5 million self-employment opportunities.

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    Growth of Network Marketing Industry in India

    Network Marketing Future in India
    Network Marketing Future in India

    According to the blog post on the topic:- 10 most popular MLM multi-level marketing companies in India by bestwebsiteinindia.com

    • More than 1.5 million Amway Business Owners are present just in India.
    • Tupperware, Avon come under Fortune 500 companies.
    • Modicare has a network of about 2.5 lakh members.

    MLM Business revenues were more than 4500 crores in 2015-16 based on the Indian Direct Selling Association report(IDSA).

    Future looks promising for Network marketing in India, a report by KPMG in India and FICCI states a whopping growth of ā‚¹645 billion by 2025. Ā It almost doubled in the year 2016 when compared with the year 2011. From the report of Assocham, it is evident that it will touch the record of around 159.3 billion in 2021. The average sale is increasing for each individual, and it is almost about $300 annually.

    According to a survey held during the year 2015-16, around 50,000 people gained benefit from the MLM opportunities offered by the direct selling companies. Government schemes like Digital India, Make in India, Skill India motivated the growth of network marketing.

    Policies like FDI (Foreign Direct Investment) policy and consumer protection bill will offer a retaining environment for the MLM business.

    It has also impacted social and economic factors like the empowerment of Women (around 3.4 million females are distributors of MLM business), Contribution to the Government Sector(helps in improving the Indian economy with its huge revenue), during the year 2013, the tax generated was around INR10 billion, started Social Responsibilities, Network marketing companies have supported social responsibilities. For example, Amwayā€™s Sunrise project and Avonā€™s Breast Cancer crusade.

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    The Bump and The Crash

    Even with several years of significant increase and contribution in the Indian economy, this industry is considered regardless of the business. This is due to the Ponzi and Money Circulation schemes. Lack of awareness and knowledge makes people fall in scams and blame the whole industry.

    In most cases, a low success rate is the byproduct of poor planning or execution, perhaps even both.

    Illegal companies were the biggest hurdles in making network marketing success. On 9th September 2016, the Indian Government issued the guidelines to regulate the MLM companies in India. Prior to this, there were 3000+ legal/illegal companies in India. After the regulatory, 90% of fake Ponzi schemes companies were shut.

    The following schemes lead to the fall of the Network Marketing industry in India:

    1) Pyramid Schemes

    A pyramid scheme in Indian law is a scheme where the organizer forms a structure of a pyramid which starts with one person, who represents the tip of the pyramid and subsequently adds the levels below.

    Recently, the Reserve Bank of India (RBI) cautioned investors against pyramid scheme fraud, Ā that promise easy or quick money upon enrolment of members. The RBI advised that the public should not be tempted by promises of high returns offered by multi-level marketing companies, that run network marketing.

    2) Money Circulation Schemes

    A money circulation scheme is defined as any scheme which assures quick and easy earning money through money chain or if someone demands money from another in order to invest it into a money circulation scheme. Money Circulation Schemes or money chain business are not legal in India.

    3) Ponzi Schemes

    A Ponzi Scheme is a fraudulent investment scheme and is a kind of MLM fraud which promises a high rate of return to its investors.

    The cash inflow of the new investors is used to pay returns to old investors. Thus, Ā any problem with the constant flow of investors makes the whole scheme crash. for example, as many as 650 people, especially housewives, were duped of more than Rs 8.16 crore in the nut case fraud in Cyberabad.

    The busting of multi-level marketing (MLM) companies fraud by the Cyberabad police resulted in the freezing of Rs 550 crore in bank accounts.

    4) Chit Funds

    A chit fund is defined as a transaction by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money by way of regular instalments over a definite period.

    • Each such subscriber in chit fund shall, in his turn, is entitled to the prize amount.
    • The way it works is that a group of people contribute a fixed sum of money after this, any member can draw a lump sum through ways such as a lucky draw.

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    Conclusion

    From the above statistics, details, it can be deduced that the Network Marketing industry has great potential to develop more success in the future of India. Prediction is that will reach around network marketing growth in India 159.3 billion in 2021 and INR645 billion by 2025. It involves 58% of women workforce.

    Although choosing a reliable MLM source is crucial otherwise one can easily fall into scams and lose crores of money.

    The next time offers an easy business that will change your fortunes, think twice!

    FAQs

    What is the future of network marketing in India?

    Beginning as a part-time job, direct selling has now a proper path in career-building opportunities. In the spam of the last five years, it has emerged as a viable source of income and growth in business marketing. Network marketing growth in India has drastically spiked in recent times.

    What is the scope of Network Marketing?

    To promote Network Marketing business and direct selling Indian Govt approved 100% FDI Policy. So we can say that the future of network marketing is very good in India and this sector will give lots of jobs opportunity. You can join any best direct marketing companies in India to start extra income.

    How many network marketing companies in India?

    457 Network Marketing Companies