StartupTalky

Tag: 🔍Insights

  • CashKaro Competitors: Top Players In The Cashback Market

    CashKaro is a one stop destination for savings on all online shopping, enabling members to compare prices on different websites, earn extra cashback and get free coupons across 1000 plus ecommerce sites like Amazon, Flipkart, Snapdeal, Paytm, Myntra, etc. With over 2 million registered users, Cashkaro is India’s largest cashback and coupons site backed up honorable Mr Ratan Tata and Kalaari Capital.

    CashKaro offers a casual but fast paced environment where creativity and effective teamwork are rewarded. Founded by Swati and Rohan Bhargava in April 2013, the company helps new brands to be promoted to relevant engaged audience who are online shopping savvy and helps them put on the radar amongst online shoppers. It is free to be listed on CashKaro.

    When you visit CashKaro, you can visit the website of your choice, and shop normally for which the cashback will be auto applied on checkout. The retailer pays us commission for every sale, and we give you Cashback from this. Featured on over 50 news sites in India and UK. India’s fastest growing Cashback site. It is among Asia’s top 25 start-ups to watch out for, as featured in Tech in Asia.

    CashKaro Raises USD 10Mn in Series ‘B’ Funding Led by Korea Investment Partners
    15th September 2020, New Delhi: CashKaro, India’s largest Cashback and Couponssite has secured USD 10 million in a Series ‘B’ funding round led by KoreaInvestment Partners (KIP) and existing investor Kalaari Capital. The company hadpreviously raised their Series ‘A’ and angel round of funding fro…
    StartupTalkyShubham Kumar

    CashKaro App

    CashKaro App is the easiest use of smartphone users and is available on both playstore and iOS for android and apple users. The app has more than 1 million users that have downloaded the app on their android devices. For using CashKaro App you must need to download it from playstore or Apple Store. Then install to you phone.

    • Now open the app and register if you’re a new user else you sign in with your details.
    • You can register through your Facebook Id or Email Id and Password.
    • After registering or signing in go to home. Then you can see offers and deals. Then choose any offer and buy or recharge to getting your cashback.
    • All cashback of you earn will show in your Earning section. Then you can withdrawal easily through your bank account.

    Some of the CashKaro competitors are:

    The competitors of Cashkaro
    The competitors of Cashkaro

    GoPaisa

    GoPaisa provides the Indian online shoppers with an aggregated offering that helps you find great deals while also saving big bucks. GoPaisa co-founders Aman Jain and Ankita Jain built this platform with smart cashback options, coupon offers, deals and discounts, a great shopping experience for anything, be it holidays or electronics.

    On GoPaisa the online retailers are able to leverage the platform to promote their latest deals, promo codes, coupons and discounts while consumers are able to benefit from great savings while shopping online. They partner with renowned e-retailers like Amazon, Flipkart, Dominoes, Myntra, Jabong, Makemytrip, Pepper fry to bring the best possible deals to its customers.

    After registering on GoPaisa users would earn attractive discounts along with cashback on purchases. Online cashbacks get auto credited to user’s wallets after partner retailer websites confirm the successful completion of purchases. However, use of these discount deals would cancel GoPaisa cashback as only one offer can be availed at a time.

    GoPaisa follows a transparent system that allows redemption of the credited amount, in other words, cashback, immediately upon receiving it across varied platforms. The amount can be used to recharge mobile number or DTH Connection or pay bills for electricity, water and makes payments at partner websites. Furthermore, there is an option of bank account transfer.

    How CashKaro Used Social Media To Its Benefit: A Case Study
    CashKaro is currently India’s largest and fastest growing cashback and couponwebsite. Using the platform, users can get Cashback on all online orders atSnapdeal, Myntra, Amazon and the other 500 plus ecommerce partners. CashKaroprovides you with a cashback and gives you the option of paying in ad…
    StartupTalkyPV Vyshnavi

    GrabOn

    The company was founded in 2013 by 5 people and more than 4000 Merchant Partners and counting. GrabOn is a trusted brand and an affiliate e-commerce scene in India. They are known for maintaining high quality standards through our unique user interface and user experience.

    How to avail offers on cashback sites
    How to avail offers on cashback sites

    On GrabOn you can get the most authentic and updated coupons and deals making the company a top player in the coupons and deals industry. The CNBZ Awaaz called the company as the Internet Heroes thus recognizing them as one of the most successful E-commerce affiliated startups. They have a strategic B2B partnerships with a strong network in the IT sector which has benefitted not only GrabOn but also its affiliates.

    It has been able to save the amount of Rs. 4,389,334,560 for its customers. Through the companies business partnership programs, it helps a company increase its revenue, create brand awareness and expand its reach. Our network includes a wide range of merchants and strategic companies and our aim is to cross-promote each other in providing the best deals to the end-consumer.

    Coupon Website In India You Need To Try
    Having a coupon while shopping counts as one of the best feelings of the world.Who does not like discounts on their favorite T-shirt or the dress you arecraving for? So here we have covered the best coupon websites in India, that youshould not definitely check once. We all know what a coupon doe…
    StartupTalkyBaishali Das Adhikari

    IndianCashback

    The motivation of IndianCashback is to promote the ecommerce branch on internet and to make it familiar to the common people because they believe that the cashback service which will be more useful for a deep reach. IndianCashback works with most giants of e-commerce marketing as it promotes their products and the customers also get Cashbacking.

    Since IndianCashback works as promoters of merchants, they get commission for the business done through us, and then transfer the big percentage back to you, that means more savings for you at each buy. Because of this reason, you are getting your cashback savings over merchant given offers. Indiancashback transfers your cashback as money, directly to your bank account.

    The process of most cashback companies
    The process of most cashback companies

    IndianCashback has a team consisting marketing experts, programmers, skilled designers, market analysts coordinated under experienced management team. IndianCashback is the India no 1 Cashback and coupons website where can save a lot on your online shopping.  All the customers have to do is join IndianCashback for free, go to a retailers via us and shop at 600 plus online partner shops.

    The cashback is added within 7 hours as it remains Pending status until the retailer pays. As soon as the company gets the commission from retailers we change the status of your Cashback, Pending to Confirmed state which usually takes 4-10 weeks. When you have Rs.200 or more as confirmed cashback in your account, you can request payment at Request Payment page and we transfer the money to your bank account for free via NEFT or CHEQUE.​

    Freecharge – The best deals and cashbacks are right here
    Back in 2010, nobody even had the slightest of thought that like you can sharevideos over the internet, one would also be able to carry monetary transactionsover the phone, at just one click. Amongst the early ones to exploit this ideaand pioneer the evolution of digital payments were Kunal Shah …
    StartupTalkyVidhi Punamiya

    Pennyful

    The company was founded in 2011 and is the pioneer in the Indian Cashback and discount coupons market and has been recognized as a leading innovation in online shopping space in the Indian market. The goal of Pennyful is simple, which is to create a unique shopping experience for their customers where they can earn back some of the money they spend.

    The company pays its customers to shop. The key distinguishing factor at Pennyful.in is that it offers real cash back to shoppers who shop at any of its affiliations. On the online partner stores through its site while helping them discover amazing offers and products. Supported by an excellent customer support team, Pennyful.in gives its users various options of buying flight tickets, electronics, apparels and accessories, books, gifting ideas, shoes etc.

    The company boasts of partnerships with over 500+ merchants including names like Flipkart, Snapdeal, Amazon, Alibaba and Paytm among others. All consumers need to do is start their shopping at Pennyful.in to earn real cash rewards and discounts. On 17 January 2015, Pennyful also launched its price comparison and product discovery tool for Amazon, Snapdeal and Flipkart, making it the first Indian cashback website to deliver such a service.

  • How do OYO Rooms Work?

    Oyo Rooms is the largest branded community of lodges presently running 450,000 listings in 5,000 towns in India, Malaysia, UAE, Nepal, China and Indonesia. The organization commenced its operations by constructing its enterprise version around the aggregator enterprise version.

    Oyo rooms working model operates on the investment worth $1.7 Billion (modern investment raised on April 1st,2019). Meanwhile, the organization values $5.7 Billion with its headquarters in Gurgaon, Haryana. Oyo rooms offer their services in India in conjunction with worldwide locations like China, Malaysia, Nepal, the United Kingdom, the United Arab Emirates, Saudi Arabia, the Philippines, Indonesia and Japan with serving more than than 500 towns in India whilst running greater than 45,000 rooms globally as of January 2019.

    Ritesh Agarwal, founder of Oyo Rooms stated that Oyo is now including 10,000 rooms or near 500 lodges each month below its franchise version. The shift in its enterprise version has additionally allowed Oyo to elevate its fee. Earlier, below the aggregator version, Oyo charged 18% fee from resort proprietors each month.

    Top Entrepreneurs in India | Successful Indian Entrepreneurs [2019 Exhaustive List]
    India is now rapidly moving towards startup culture. People are choosingentrepreneurship over 9 to 5 jobs. However, not everyone succeed in theirentrepreneurial journey. A survey has found that 11% of Indian population areengaged in “early-stage entrepreneurial activities”. However, only 5% ofpo…
    StartupTalkyLakshya Singh

    Oyo Pricing System

    Moving to a franchise version had little or no effect on the pricing of rooms, the finance class of rooms priced Rs1,000-1,500 in line with nighttime will stay unchanged. The finances Oyo Rooms class below the franchise version will now fee everywhere among Rs1,000 and Rs2,500; the Oyo Town House class has a price range of Rs2,500 and above, and holiday houses below the Oyo Homes class will cost Rs1,000 in line with the room.

    Oyo Rooms Dominate the Market by 68%
    Oyo Rooms Dominate the Market by 68%

    Earlier, the organization used to arrange the accomplice with lodges, rent a few rooms, and promote them below its personal logo. Even though the procedure remains the same, Oyo Rooms enterprise version has modified its path to a new structure. To preserve the logo image, they make the companion’s offer offerings at predetermined requirements whilst they lead them to greater visibility to their user-base.

    Earlier the company used to rent lodges at a predetermined rate and supplied them to the customers at a take-up rate. This has been modified to a fee-based totally sales version. Oyo rooms charge a commission of 22% from its hotel partners. However, this commission does vary according to the services provided by the brand.

    Agarwal was among the select few chosen for the two-year mentorship program run by Peter Thiel, co-founder of PayPal, early Facebook investor and the person who many name as the worldwide tech industry’s influential figure.

    Since its launch in 2013, Gurugram-based Oyo has emerged as one of the biggest motels and rooms platform for travelers looking out no-frills, cushy lodging at much less expensive prices. While Oyo Rooms has modified lots over the years, tweaking and re-modelling of the unique industrial enterprise concept for Oyo, the middle concept is to attach travelers with motels.

    The company has gone from budget hotel aggregator to a hospitality chain and a real estate business too. Oyo rooms cost a fee of 22% from its lodge companions. However, this fee does range steady with the offerings furnished with the resource of using the brand. The beginning started out on an asset-mild version however over the years, with investments throughout numerous companies inside Oyo, the organization has long passed from rate range lodge aggregator to a hospitality chain and an actual property enterprise too.

    Oyo Rooms Business Model

    The organization could rent the lodge rooms and revamp it to a standardized format, allow reserving through its website or application. However, in 2015, the organization started moving to a franchisee version, wherein, in choosing leasing rooms, it started out offering partnerships to motels. Here are the numerous verticals that Oyo has brought over the years.

    • Hotel room aggregation
    • Franchise version
    • Owned motels
    • Co-living

    Hotel Room Aggregation

    Oyo in 2016 had 5,855 motels in its community with a complete stock of over 68K rooms, while nowadays it has a portfolio of greater than 35K motels and 125K holiday homes, and over 1.2 Million rooms throughout 80 worldwide locations and 800 cities. Its verticals range from vacation homes, enterprise motels, casinos and co-working areas.

    OYO VS Airbnb, a backpackers dilemma and a question by tourists
    A traveler, A tourist and A first-time backpacker. These three have something incommon despite their differences in experience. They all want a peaceful nightto stay after having a long walk to someone’s dream place or to a normal visitor a trip. The business of giving people home or a place to …
    StartupTalkyAbhishek Gupta

    That boom has additionally been made feasible because of the fact that the startup saved iterating the version and ensured that it now no longer stays restricted to the rate range lodge space. With extra than one round of investment secured from maximum important traders which include Softbank, the startup ventured into extra modern classes and has continuously released new ventures or manufacturers below its umbrella.

    Oyo Rooms in India VS China
    Oyo Rooms in India VS China

    Franchise Model

    In 2017, Oyo CEO Agarwal announced that the organization has “developed its enterprise to a 100% extraordinary franchise, manipulate or operate. We no longer anymore do lodge aggregation and feature flip out to be a full-scale hospitality organization.” Oyo’s shift from lodge aggregation to franchise version were given here in particular to lessen its operational fees and to enhance serviceability, the organization stated.

    For instance, Oyo Townhouse is deliberate and constructed throughout the needs and desires of millennial visitors beginning in particularly designed beds, TVs, open areas for conferences and greater. While merchandise like Collection O is a mid-scale enterprise lodge presenting larger and spacious rooms with pinnacle rate furnishing and linen, on-request laundry, limitless breakfast, 24X7 in-room dining, high-velocity WIFI workstations in each room etc.

    These merchandises were a separate Oyo product, in which the organization rents out homes and renovates them based totally on the wishes and plans. So, overall, the organization has stopped reserving unique rooms for Oyo visitors, however alternatively, books the complete lodge or flat below its call and rents it out to customers.

    Owned Hotels

    Further, the organization gives its lodge companions the choice to run the assets both themselves or allow Oyo to run the operations. The organization additionally gives economic guide through its partnership with economic institutions that have allotted loans to greater than a hundred properties. Loans are to be had for upgrading space, operating capital and different wishes.

    What stops India from becoming a startup ecosystem :Indian Startup Failure?
    The Startup scene in India took off after it realized the potency of thissector. This was not because of some magic and it obviously didn’t happenedovernight. This took a long time. It took off due to many internal reasons likemassive Fundings, growth of Angel Investors chain, boom in technology…
    StartupTalkyAbhishek Gupta

    Co-living

    As in retaining a combined report with the resource of using Jones Lang LaSalle (JLL) and the Federation of Indian Chambers of Commerce & Industry (FICCI) the Indian co-living marketplace is predicted to boom at a robust CAGR of 17% within the subsequent 5 years. Identifying the marketplace opportunity, Oyo entered the phase in 2018 with Oyo Life, which operates a fully-provided condo housing arm of Oyo.

    Oyo believes that the maximum important benefit of co-living areas, alternatively than paying visitors or serviced apartments, is that it notably cuts down the value of residing because of the fact now no longer handiest do humans proportion the lease however additionally revel in upload on offerings which include each day housekeeping, laundry/ on-name resident facility control; curated meals, etc.

    Oyo works with big builders and impartial asset proprietors to take over a whole building, tower or an impartial house. Oyo Life isn’t an aggregator and takes obligation for a stop to stop control of areas, rent whole homes, furnish, clean rework.

  • Will Virtual Hiring be the New Normal? The future of Virtual Hiring

    You name it and the technology is already working on it. Due to the current scenario, working from home has become a necessity. The offices are adapting and even the production workflows have been restructured to embrace workplace flexibility. But for many businesses, one element of operations is still waiting to be updated that is Virtual Hiring.

    Amidst the pandemic, many human resource departments were forced to slow or freeze typical talent acquisition strategies, since traditional methods require personal interviews or skills-testing on internally secured devices or intranets. The addition of new interns, turnover replacements, employees, and temporary substitutes all halted, unable to implement a safe and viable virtual screening process, proving that there’s a lot of work to even attempt to match the pre-hiring procedure of employee experience with day-to-day operations.

    The Future of Virtual Hiring/On-boarding

    It is very important to note that, like any change in the technology, one cannot make changes just for the sake of it or focusing on just to be the part of the mob, but it has to be done with the clear intention of improving the performance of the business, cutting back on resources, and improving its efficiency.

    How To Tackle Virtual Team Management Challenges
    Virtual Teams are becoming a part of life slowly and steadily. This concept haspicked up the pace in the past 5 to 6 years. It is becoming a trend now and agood alternative for traditional management systems. With the inclusion oftechnologies in our life virtual teams have become an essential pa…
    StartupTalkyYash Raj Srivastava

    Candidates Need to Experience the Culture of the Organization

    Candidates crave for more than a job, they want a cheerful experience in the workplace that provides a sense of purpose and pride.

    Culture is considered to be so meaningful that 33% of candidates claim that they’d even work for lesser salary to work for a company that aligns with their ideals. The challenge for recruiters is to communicate a clear and accurate sense of the culture to outsiders, simply by telling them about it doesn’t help.

    Provide job opportunities or open houses so people get a feel for what it’s like to work there. Almost two-thirds of job seekers said they were more likely to apply for a role with a company if they had the opportunity to attend a social event to connect with potential candidates and learn about the organization.

    Remote Jobs added
    Remote Jobs added

    Demonstrate the culture in the marketplace, such as by sponsoring events or performing community services that showcase the respective company values. Show people what your company values and demonstrate that you’re actively committed to them.

    Everything You Need to Know about Virtual Office
    A virtual office is a service that enables employees and business owners to workremotely [/tag/remote-working/] by providing a range of business functionsaccessible through the internet. The virtual office concept has become a popularworkspace solution for freelancers and entrepreneurs [/tag/ent…
    StartupTalkyVarad Kitey

    Virtual/Telephonic Interviews

    Due of the efficiency and ability to reach a large number of applicants in a short time frame, the clients typically use on-demand virtual interviews as first-round or pre-screening interviews, then schedule live virtual interviews for only the top candidates.

    One-way video interviews are a fantastic way to get to know a candidate. But VR takes the next step forward by letting recruiters enjoy some of the key benefits of interviews, and also go beyond some of the time restrictions and other limitations. Interviews on Video calls allow recruiters to get a feel of a candidate’s personality fit. However, pre-recorded videos can make people feel self-conscious; they may not work as good predictors of on-the-job success. VR empowers recruiters to meet a candidate personally and still see them in action as a potential new employee.

    Candidate’s Virtual Screening

    Many companies conducted employment assessments onsite or offered job shadowing opportunities as part of their hiring and onboarding process. Now with the restrictions on in-person contact, virtual talent prediction, and “onboarding tools” are vital. With the prevalence of on-line applications and ATS platforms, applicants frequently comment about feeling isolated or being stuck in a long, never-ending loop. That shouldn’t be the impression on them. Complexity and disengagement create high dropout rates.

    The “virtual hiring” and “onboarding tools” immerse candidates in an engaging test-drive where they handle similar challenges actual employees experience on the job every day. This pre-experience creates realistic expectations and builds greater comfort and confidence for new employees.

    10 Best Virtual Team Building Activities For Remote Employees
    Virtual team building is that the same because the regular team building, thesole distinction is that you just don’t seem to be within the same physicalarea. during this building activity, every member interacts throughinternet-connected tools. The reason for the virtual team building activities…
    StartupTalkySweta

    Screening the Candidate’s Social Media Accounts

    Recruiters need to understand as much about a candidate as possible, so checking out their social media accounts is something they’re increasingly interested in. But most candidates said they’re reluctant to simply hand over their social media data to potential employers that is unless the conditions are right.

    81% of candidates say they’d be willing to share their social media data with a potential employer if the right privacy measures were in place. Half of the job seekers said they’d be willing to share their social media data with a potential employer if it helped them determine a better job and organizational fit. Among knowledge workers and senior leaders, that number jumps to 62%. They also said they’d be more open to it if they know what recruiters will look at ahead of time and how that data will be used.

    78% said they expect the recruiting process to be clear on how personal data is used. So, consider explicitly stating in the job application that you’d like to access candidates’ social media accounts. An explanation is necessary, how you plan to use it and how it will be protected. Making them believe how sharing their details can benefit them.

    77% of candidates said they wouldn’t apply for a job if they felt their privacy wasn’t protected.

    Providing A Great Candidate Experience

    Organizations must wow the candidates to get them to sign in. Virtual reality recruitment is a new tool in the tech world that can make a company stand out from the crowd. According to research, nearly 60% of candidates have had a poor candidate experience during their job search, 72% of those candidates share their negative impression online or with others. Online video interviewing has been proven to have a positive impact on a candidate’s experience with the company There are a number of methods to impress the candidates.

    • Companies can use VR to show off the workplace environment and culture.
    • Give the candidates an insight into the role.
    • VR to understand candidates decision making and their thinking process.

    The Bottom Line

    Finding workaholics for your team is a constant challenge. And it’s not getting easier any time soon, given the tight labour market, shifting employee expectations, and a shortage of people with in-demand skills. Recruiters must do more than make the right hire, this time only by hiring virtually and establishing the trust between one another.

    FAQs

    What is the future of hiring or recruiting?

    The future of hiring/recruiting will always be human but will be increasingly augmented by tools and technology that will benefit recruiters and job seekers alike.

    Is working from home a good idea?

    Working from home is not always better or worse for an employee’s health than traditional virtual office arrangements. It will be most beneficial when employees make wise decisions about their time, and employers provide support in the form of technology, ergonomic equipment, and managers trained to supervise remote workers.

    Will Virtual Hiring be the New Normal?

    Remote meetings, digital recruitment, and virtual collaboration are the ways to get through these distressing days. Undoubtedly, new-age virtual hiring is playing an integral role in minimizing business disruption and making people dynamically adapt to changing needs.

  • Indian Automobile Industry Analysis

    The Indian automobile industry is the world’s fourth-biggest, auto mobile industry after the USA. It is presently the world’s fourth-biggest producer of vehicles and 7th biggest producer of industrial automobiles .The size of the Indian automobile industry includes aspect manufacturing which is anticipated to attain Rs16.16-18.18 trillion ($ 251.4-282.eight billion) through 2026.

    Two-wheelers dominate the enterprise and made up 80% of the home car income in FY19.Overall, Domestic car income multiplied at 6.71% CAGR among FY13-18 with 26.27 million automobiles was bought in FY19.Indian car enterprise has obtained Foreign Direct Investment (FDI) worth US$ 23.51 billion among April 2000 and September 2019.

    Indian automobile industry growth recorded a boom in home income at 17.55%, accompanied by three-wheelers at 10.27% .The passenger automobile income in India crossed  3.37 million gadgets in FY19 and is similarly anticipated to boom to 10 million gadgets through FY20.Passenger automobile exports are anticipated to touch approximately 6,90,000 gadgets in 2019-20.

    Indian Automobile Market by Vehicle type
    Indian Automobile Market by Vehicle type

    COVID 19 automobile industry impact

    Indian Automotive Industry, unfortunately, is going through a hard time. Due to COVID-19, New Emission norms, Weak client, and monetary sentiments, Coronavirus will extrude the future of the automobile organization and is forecasted to offer a protracted-lasting impact on a massive scale.

    CarDekho Company Profile – Displaying Almost Anything and Everything About Automobiles
    Buying a car used to be very difficult before the internet age because theindustry was just too scattered. Today we have a lot of online portals that willtake you through the process effortlessly. One such portal is CarDekho. Founded by Amit Jain and Anurag Jain in 2008, Cardekho is a car search …
    StartupTalkyRishabh Rathi

    The dreary fact is that March and April remained the most tough months of 2020 for the auto sector, for the 40 days lockdown produced nil earnings and zero manufacturing. However, OEMs gave monetary beneficial resource and helped dealers to route out of these tough times.

    Indian automobile industry slowdown

    Demand for emblem new cars declined sharply in 2019, forcing automakers to reduce manufacturing throughout the year. Sales had been anticipated to revive in the festive season from October 2019 however they did not do so. In fact, there has been an encouraging spike in income in Q3 – inspired through promotional offers, competitive discounts, new version launches, and the growing availability of fashions supplying Bharat Stage-VI (BS-VI) emission standard.

    Government Objectives for the Indian automobile industry

    Government of India has shortlisted 11 towns for the advent of electrical automobiles (EVs). The Government plans to start with a delivery structure FAME (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles in India) scheme.

    The first section of the scheme had been prolonged to March 2019.The Government of India accredited the FAME-II scheme with a financial requirement of Rs10,000 crore which sums up to ($ 1.39 billion) for FY20-22.Under Union Budget 2019-20, the authorities introduced to offer extra profits tax deduction of Rs1.five lakh ($ 2146) on the loans taken to buy EVs.

    Under FAME II, Government has sanctioned 5,595 e-buses in 64 towns in 26 states for inter-metropolis and intra-metropolis operations. Under the scheme, 2,636 charging stations in 62 towns throughout 24 States/UTs have been sanctioned.

    Indian Passenger Vehicle Market Share
    Indian Passenger Vehicle Market Share

    Moderating Economic Growth

    The worldwide monetary slowdown has impacted the Indian automobile sector (and Europe and China).India’s GDP increase in Q3 2019 fell to 4.5% from 5% in Q2, and from 7.1% a 12 months ago, on account of decreased customer spending and reduced personal investment. A depressed rural monetary system with the decrease annual rainfall maintains to have a vast effect on two-wheeler demand.

    Growing unemployment and a moderating monetary system led humans to delay car buying for decisions. According to the Centre for Monitoring Indian Economy (CMIE), the unemployment charge became into at 8.5% in October 2019, the very best while you recall that August 2016.The International Monetary Fund has reduced its increased forecast for the Indian monetary system from 7% to 6.1% in 2020.

    Everything you need to know : The car sales in India in 2020 , Corona virus, Two wheeler, four wheeler
    The car sales in India in 2020 for the month of April and partial resumption ofoperations in May, the coronavirus pandemic coupled with the already giftprocess 18-month slowdown within the enterprise has to be the worst region forincome this monetary year.However, the beyond month proved to be pr…
    StartupTalkyHimangi Khare

    Growing Competition

    In spite of the plain slow down, MG Motors (an element of SAIC Group), BYD, and different main Chinese OEMs alongside with Changan Automobile and Great Wall Motors have critical funding plans for India and are showcasing their proposed fashions at this year’s Delhi Auto show.

    Bucking the trend MG Motors and Korean automaker Kia Motors have had sturdy launches in their latest SUV fashions, receiving great orders months in advance.With the multiplied opposition in passenger vehicles in 2020, Counterpoint estimates those new automakers will nibble away at Maruti Suzuki’s and Tata Motors’ marketplace shares.

    Growing Popularity of Shared Mobility

    Shared mobility companies keep to dent the name for passenger cars in city areas, with human beings an increasing number of more who prefer shared-mobility offerings for his or her commute.

    Based on variety one studies performed withinside the America of America in 2019, Counterpoint Research estimates out of 3 common customers of shared mobility offerings recollect ride-hailing more economical than proudly owning a car.Leading gamers Ola and Uber have plans to increase offerings similarly into tier-2 and tier-three towns withinside the following couple of years.

    Cautious Lending through NBFCs

    Non-banking monetary companies (NBFCs) finance maximum automobile purchases and are used mainly in rural India. Dealers depend on NBFCs to fund their wholesale shopping of cars from OEMs. The problems surrounding India’s NBFCs introduced careful lending that has adversely affected car income in 2019 and suggests no signs and symptoms of improvement.

    Sellers have approached India’s Finance Industry Development Council, searching for authorities intervention to enhance the monetary health of main NBFCs. Overall for 2020, Counterpoint Research’s car income forecast for India stays careful, with numerous factors – mainly tight credit score conditions, the moderating economic system, and the transition to BS-VI emissions standards – growing uncertainty, boundaries, and delays.

  • These Are The 7 Best Cryptocurrency Wallets in India 2021

    Cryptocurrency wallets are software that can be used to view cryptocurrency balances and make transactions. Digital wallets expedite the rates of cryptocurrency transactions by facilitating the sending, receiving, and storing of cryptocurrency. Most wallets these days are loaded with features that enhance the process of trading cryptocurrency. The top bitcoin wallets in India usually have a two factor authentication to keep it secure.  

    Having a cryptocurrency wallet in India is essential because it allows you to move funds as per your will and offers you the desired level of security. Some wallets even provide you with the convenience of trading multiple cryptocurrencies at once. Here are the few of the best app to buy cryptocurrency in India.

    What is a Cryptocurrency Wallet?
    How do Cryptocurrency Wallets work?
    How to pick out the best bitcoin wallet in India
    Types of Cryptocurrency Wallets
    WazirX
    Zebpay
    Coinbase Bitcoin Wallet
    Trezor Wallet
    Binance Wallet
    Exodus Bitcoin Wallet

    Top 23 Best Bitcoin wallets of 2021
    Are you planning to invest in bitcoin? But confused which bitcoin wallet is best, Here are Top Best Bitcoin wallets of 2021 to choose from.
    StartupTalkyAlan Joseph

    What is a Cryptocurrency Wallet?

    A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. They are basically apps just like those you might run on a smartphone or computer. As with conventional currency, you don’t need a wallet to spend your cash, but it certainly helps to keep it all in one place. When a user acquires cryptocurrency, such as bitcoins, she can store it in a cryptocurrency wallet and from there use it to make transactions.

    Bitcoin is the most popular and widely used cryptocurrency, but others building upon its blockchain technology have emerged, and any of them can be stored on a cryptocurrency wallet. Indian Bitcoin Wallets can hold multiple cryptocurrencies. The most easiest and basic way to buy bitcoin in India is by using the Bitcoin wallets in India and the users that are interested in bitcoin are asking questions on which one is the best cryptocurrency exchange in India and the best bitcoin wallets in India.

    How do Cryptocurrency Wallets work?

    When you want to acquire cryptocurrency, whether by purchasing it in currency exchange or receiving it as a gift or as revenue, you direct the sender to a unique cryptographic address issued by the wallet. Each wallet type is a little bit different, but in general, any given wallet will work with one or more cryptocurrencies and will be able to store one or more cryptocurrency-specific public addresses.

    Public addresses are like cryptocurrency-specific account numbers, they can be used to receive a specific type of cryptocurrency (for example, to receive Bitcoin, you need a Bitcoin address) and can be shared publicly. Spending with the wallet is as simple as scanning a retailer’s QR code or directing a specific amount of bitcoins to the retailer’s public address. Here are some of best app wallet for cryptocurrency:

    Bitcoin Wallet

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    How to pick out the best bitcoin wallet in India

    There are several good bitcoin wallets in the market today and it’s up to the users to decide which features they want.

    • How secure and trustworthy the wallet is – The user can double check the wallet on bitcoin forums and check for its reviews. Some wallets offer two factor authentication like the mobile OTP and fingerprint/pin code for secure transactions.
    • Multi-signature – Check whether or not the wallet has the option of multisign in addition to a safe platform. This will help protect your bitcoin from theft and attackers.
    • Does it have transparency – the crypto wallet’s provider must provide transparency and clear identity and a code open source.
    • Price and charge for holding cryptocurrency – There many alternative wallets that are free on mobile and desktop which allow its users to download and start using them without charging anything.
    • User interface – The wallet must be easy to use especially for a beginner.

    Types of Cryptocurrency Wallets

    There are several types of wallets you can use including online, offline, mobile, hardware, desktop, and paper:

    1) Mobile Wallets

    2) Hardware Wallets

    3) Web Wallets

    4) Desktop Wallets

    Each type refers to what type of medium the wallet is stored on, who is in control of the wallet, and whether or not the data is stored online.

    Types of Cryptocurrency Wallets

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    Best Cryptocurrency Wallets in India

    Based on the above types, the following are the best cryptocurrency wallets app in India 2021.

    WazirX

    WazirX is one of the best cryptocurrency wallets in India and also the fastest growing cryptocurrency exchange in the country as it as over 900,000 users. It is also known as the most secure and safest wallet for cryptocurrency as it allows its users to buy and sell Bitcoin, Ripple, Ethereum, Tron, Zilliqa and 100 other top cryptocurrencies.

    WazirX is India’s largest online cryptocurrency trading portal that can process millions of transactions at the same time. For security, the platform uses two factor authentication such as Google authenticator and the mobile OTP based authentication. WazirX has partnered with Binance which is the world largest crypto exchange.

    Zebpay

    Zebpay was India’s first Bitcoin trading portal, and is currently one of the best cryptocurrency exchange in India 2021. This multi-cryptocurrency exchange platform is available in over 162 countries and offers a quick KYC verification and a cryptocurrency trading portal for exchange.

    Zebpay is also very trustworthy as it is designed to keep your cryptocurrency secure as 98% of coins is stored in cold wallets, robust internal controls and fingerprint/pin code for outgoing transactions. Despite being the best bitcoin wallet in India 2021 as it allows its users to transfer your crypto coins to other exchanges or your own wallet.

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    Coinbase Bitcoin Wallet

    Coinbase is an online cryptocurrency exchange in India that comes under the category of mobile wallets. You can buy and sell bitcoin, Ethereum, Litecoin using Coinbase. Coinbase also offers a mobile wallet facility. You can store and perform transactions using the Coinbase wallet. You can download Coinbase from Google Play and Apple Store.

    The features of Coinbase bitcoin wallet include:

    • Friendly & Easy to use Interface
    • Backup private keys to the cloud to avoid the loss
    • Secure User-Controlled Crypto Wallet using biometric authentication
    • Store all cryptocurrency at a single place – Multi-coin support
    • Secure User-Controlled Crypto Wallet using biometric authentication

    Trezor Wallet

    Trezor Wallet

    Trezor is a pioneer and the best hardware wallet for cryptocurrency in India. Trezor provides a portable USB device that can be connected to your computer. It offers a high level of security, and can also function seamlessly on a malware-infected computer. It supports a wide variety of cryptocurrencies which include Bitcoin, Ethereum, Litecoin, Ethereum Classic, ZCash, Dash, and Bitcoin Testnet.

    This cryptocurrency hardware wallet is one of the most secure wallets as hacking into it is virtually impossible without having access to the physical device. It also offers one of the best user interfaces which provides unparalleled convenience. Although there are various advantages to using Trezor, users are often bothered by the meager number of cryptocurrencies that you can access through Trezor. Overall, Trezor is a great wallet that can prove to be very fruitful for its users. In India, you can get a Trezor T Model in the range of Rs. 12,500 to Rs. 14,000.

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    Binance Wallet

    Binance wallet logo

    Binance is the top cryptocurrency exchange wallets, as it allows users to be assured of getting a high amount of security and amazing customer service providers. Binance gives you the option of creating your wallet when you sign up for their services. The entire process of onboarding is quite smooth and the user interface is lucid and easy to understand.

    Although Binance can be a good option, one of the downsides of using Binance is that it does not allow any fiat dealing. Since Binance offers its services at a high speed, it does a commendable job at a fast pace, which makes it one of the best in the business.

    Exodus Bitcoin Wallet

    Exodus is a desktop-based bitcoin wallet that can be used to store your private keys on any of the Windows, Mac and Linux PC’s hardware. To use this cryptocurrency wallet app, you need to download and install the application to use this wallet. Its main features include:

    • Use of QR code address for sending and receiving bitcoin
    • Support to 100+ Cryptocurrencies
    • See overall portfolio on screen
    • Built-in exchange

    Jaxx

    Jaxx wallet

    Jaxx is one of the best crypto wallets in India that offer cross-platform support. It can function across all your devices and allows you to sync your mobile, computer, and other devices. Currently, Jaxx provides support for seven different kinds of cryptocurrency assets. Nine different platforms support Jaxx, which includes Windows, Apple, Linux, Android, iOS, as well as, Chrome, and Firefox.

    It can be downloaded for free and charges a transaction fee for the trades that you carry out through your wallet. It is integrated with the exchange platform, ShapeShift, which further allows you to trade various cryptocurrencies. Jaxx has been lacking a few security features like the lack of two-factor, which raises a few questions. Setting aside this fact, Jaxx allows a high level of compatibility and seamless integration among various platforms.

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    Conclusion

    These top bitcoin wallets in India come in the different form such as a device, an app and even a website and are all known for different things. Each and every cryptocurrency wallet has its own unique wallet address that is used to initiate transactions and exchange of currencies and is up to the user/customers to choose what best for them.

    Frequently Asked Questions

    What is the best app to buy cryptocurrency in India?

    The best Cryptocurrency wallet in India is WazirX.

    What are the best bitcoin wallets in India in 2021?

    The best bitcoin wallet for India are WazirX, Zebpay, Jaxx, Exodus, B

    Can you buy cryptocurrency in India?

    Cryptocurrencies are not illegal in India, but they are also not regulated. Which means that people can buy and sell Bitcoin and hold it as an investment but there is no governing body that will look after it.

    What is the safest cryptocurrency?

    Bitcoin is the safest cryptocurrency in India.

    What is a bitcoin wallets?

    A Bitcoin wallet is a software application that allows customers to store and track their Bitcoins.

  • Digitalization Influencing Business Model Innovations

    Living in a dynamic era where speed and transformation is the key to victory, the call for better technologies comes into being. The most notable example of such a transformation is Digitalization. Digitalization means using digital technology in business models to generate income and value-producing opportunities. It is a process of shifting towards digital business. Digitalization can be seen in every segment. Digitalization is a mechanism for transforming all the sectors across the Globe.

    Digitalization in common terms means the way people socialize i.e., the movement of interaction through analog technology(phone, mails) to Digital ones(e-mail, chats, social media). The increase in digitalization has impacted various business activities, including firms’ business models(BM). Digitalization has put stress on companies to exhibit on their prevailing strategy and examine innovative business opportunities at the early stages.

    Value creation, value delivery, and value capture are the main aspects of any business. Thus, a combination of these features to create a system that delivers more value for both consumers and industry is termed as business model innovation.

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    Digitalization and Business Model Innovation Components

    Digital technology affects business and its various components in the business that are listed below:

    Digitalization & Value Creation

    Value creation refers to offering customers what they want that is customized services and products as per their preferences. Digitalization allows companies to revise or extend their products and services through IoT. Digitalization also helps in increasing customer value and reducing transaction costs. It lets companies create novel offerings.

    Digitalization & Value Delivery

    It illustrates how activities are employed to deliver the insured value. This includes delivery resources such as- support staff, online monitoring systems, etc. Digital business models require developing new capabilities. New business models require updating operational activities and processes for Global distribution. Companies need to develop scalable platforms that utilize modularity to deliver effectiveness and efficiency.

    Digitalization & Value Capture

    The value capture model is related to revenue and economic viability. Digitalization helps in enhancing internal processes that facilitate the firm to improve cost efficiency. It enables increased revenue streams. It has some negative impacts that are new and increased risks related to business innovations.Most of the models rely on leveraging digital connectivity to expand globally rather than on the physical movement of the good and fixed investments in the market.

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    Developments contributed to the rise of innovative business models:

    Connectivity

    Integration of people and businesses through digital technology is reducing the cost of acquiring data by enabling software features to deliver services to customers. The number of people connected to the internet is rising incredibly, while the number of connected devices is estimated at 21 billion by 2020.

    Data Analytics and AI

    Speedy advancements in data analytics and artificial intelligence are enabling companies to gain valuable insight into the global business and customers through the flow of data. This will give rise to employment for data analytics.

    Digital Platform

    The digital platform is fueling more than thirty percent annual growth in e-commerce, which is expected to reach $1 trillion by 2020. The concentration of buyers, sellers, and products on digital platforms lessens the cost of acquiring the customer base.

    Industry 4.00

    The new era of industrialization with advanced manufacturing capabilities such as- 3-D printing, advanced robotics, digital prototyping, and factory management systems are boosting productivity up to 30 percent and reducing the cost of labor.

    Protectionism & State Capitalism

    Protectionist barriers such as- tariffs, new procurement rules, and others are increasing the cost of cross-border trade. The increasing economic nationalism is forcing businesses to rethink their physical presence.

    Connected & Mobile Consumers

    Consumers are increasingly connected digitally. The rising popularity of pay-as-you-go business models is increasing for goods such as- automobiles,  agricultural equipment, and aircrafts engines. These changes are altering demand and setting expectations for the products as well as services.

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    The emergence of New Business Models In Digital Markets

    In digitalization, businesses interact with consumers through various web-based interfaces. The platform allows direct interaction with the end-users. It becomes challenging to classify the entire company into a specific type as digitized companies as they have more than one business line.

    Multi-sided Platforms

    Platforms that allow end-users to exchange and transact while leaving liabilities towards customers. Example- Uber, Airbnb, Amazon Marketplace, Facebook, Google, UberEATS.

    Resellers

    Businesses that acquire products from suppliers and resell them to buyers. In such a case, resellers decide the price of products. Example- Alibaba, Spotify, Tencent’s music distribution, Netflix.

    Vertically Integrated Firms

    Businesses with the ownership of suppliers integrate the supply side of the market. Example- Amazon e-commerce, Xiaomi, Huawei.

    Input Suppliers

    Suppliers of intermediary products use in production processes of goods or services in other firms. Example- Intel, Tsinghua Unigroup.

    Cross Border e-Commerce users(millions)

    The New Business Models

    These business models take benefit of the technological developments that make it less expensive to reach customers and provide services. The following models are leading among companies that are succeeding in the new era.

    Cross-border Servitization

    Manufacturers relied on the physical selling of products, but due to rising trade barriers, it becomes hard to increase the market size. Thus, by focusing more on delivering digital services, manufacturers are generating new growth opportunities. The growth of IoT and advanced data analytics are driving this trend. Rolls Royce Totalcare program is one of the examples of servitization.

    Asset Light Market Entry

    Increased digitalization provides greater digital connectivity, Global IT platforms, and all aforementioned makes it easier for companies to enter new markets with fewer investments. For example, Xiaomi uses platform based partnerships. By teaming up with local E-commerce company- Flipkart, it entered the Indian market. By offering low-cost phones, Xiaomi captured 11 percent of India’s smartphone market with a sale of $1 billion in two years.

    Global digital Systems

    Global Digital Business ecosystems deliver the most reliable technology, featured products, and accelerate commercialization. Google android provides functions such as tools for managing workflow and coordinated manufacturing operations.

    Global Personalization

    Technology is helping companies to deliver personalized experiences through digital platforms directly to customer’s connected devices. Example- Starbucks has tuned AI algorithms to personalize offers, rewards, and recommendations to its customers based on their purchased history.

  • SOLAR ENERGY MARKET: BUILDING SUSTAINABLE INDIA

    India is furnished with vast solar energy potential. Solar is the most secure source of energy because it is abundantly available in nature. Solar power is the fastest developing industry in India. Solar power is a renewable source of energy. It is the power produced by the sun’s light. The solar energy invested reach of our nation was about 35,739 as of August 2020. There has been an eminent impact of solar power in the Indian energy scenario in the past few years.

    India has built 42 solar potential parks to make the area available to promoters of solar plants. The solar energy installed capacity of our nation was about 35,739 as of August 2020. There has been an eminent impact of solar power in the Indian energy scenario in the past few years.  India has built forty-two solar energy parks to create a realm accessible to promoters of solar plants. Rooftop solar energy is 2.1 GW, of that 70 % is industrial. By the year-end of 2015, a million solar lanterns were traded that reduced the utilization of lamp oil.  118,700 solar home lighting systems were put in, and 1.4 million solar cookers were administered in India.

    India achieved the 5th global position in solar power arrangement by surpassing Italy.

    Annual Solar Power Generation(TWh)

    Future of Solar Power Market

    The changing lifestyle of people with the increasing industrialization has made electricity a vital commodity. To decrease the concern of high electricity demand with decreasing fossil fuels, policy makers have been looking for a sustainable source of electricity generation. Solar energy is the readiest and green option available.

    The report published by IMD (Indian Meteorological Department) states that  The solar energy received is more than 15000 times the commercial energy consumption, and this energy is available during the day without any constraint.

    According to GOGLA (Global Association For the Off-Grid Solar Energy Industry), the market for distributed solar power merchandise is expected to grow more than two-and-a-half times to Rs 10,117 crore by the year 2023. Including solar lamps, solar pump kits, and other home devices. It is estimated that the current market size for distributed solar in our country is at Rs 3,878 crore, including  Rs 3,170 owned by the government and the rest by private owned entities. The sales are estimated to grow to Rs 2,617 crore in the private sector and Rs 7,500 crore in the government sector. Most of the future sales are estimated to come from lanterns with some additional services like mobile charging, radio, etc. and solar home systems. Increasing income and energy demand are the key market drivers.

    Sustainable Development through Solar Energy

    Investing in domestic manufacturing may help in building the supply chain, control prices, and earn foreign exchange through exports. This will help in creating job opportunities, increasing the GDP(Gross Domestic Product) for the nation.

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    Year Cumulative Capacity of Solar Power Units

    IMPACT OF COVID-19 PANDEMIC

    The imposition of a nationwide lockdown by the government to control the coronavirus outbreak harmed the whole economy. The solar industry will have immediate challenges due to the COVID-19 outbreak, such as the shortage of labor force compliance with social distancing, shortage of equipment and parts, and discrete expenditure by users. India’s solar power sector is struggling in the pandemic. There has been a decline in electricity consumption of 30% due to the lockdown of industries and markets.
    China is the largest supplier of solar raw materials such as cells, glass, back sheets, frames, junction boxes, etc. Due to the coronavirus crisis, there was a long hold on the import of such items from china, the module assembling capacity of manufacturers is being affected. There may be a rise in solar module prices shortly as the manufacturers have begun experiencing raw material shortages. The prices of various components will rise because of the decrease in supply from China. Engineering, procurement, and production companies now have to bear all the variable factors from procurement of bills of material of the panel to the manufacturing and supply chain.

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    Rural Electrification

    • The scarcity of electricity is the main hitch of rural development. In 2004, about 80000 villages did not have electricity.
    • In the year 2004 more than 5000 villages were supplied with electricity through solar power systems.
    • Lighting and Lamps: By 2012, 4,600,000  solar lamps and 561,654 solar-powered lights were installed in homes.
    • Agricultural Support: Solar water-pumping systems are used for irrigation and drinking water.
    • By 2019 181,521 Solar Photovoltaic water pumping systems were installed in India. Low-cost solar vehicles are available for agricultural activities.

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    Government Aid

    The Ministry of New and Renewable Energy(MNRE) installed 51 solar radiation resource assessment stations across India to create a database.  India started a Rs 40 crore project to measure solar radiation. The government allocated Rs 1000 crore for the national solar mission and clean-energy fuel fund for the year 2010-2011. The government reduced import duties on solar panels by 5% which encouraged private sector companies. The Indian government also reduced the price of PV power from rs 4.43/KWh to Rs 4.00/KWh. During January 2019, the term for authorizing the production of the solar power plants was lessened to 18 months for units located outside the solar parks and 15 months for separate units from the date of the contract. In May 2020, the tariff was reduced to rs 2.90/KWh.

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    Incentives By the Government

    • Viability Gap Funding:  The funding was Rs 1 crore/MW for open projects on average in the year 2016.
    • Depreciation: 40% of the total investment in rooftop solar systems could be claimed as depreciation in the first year.
    • 25% safeguard duty is imposed for 2 years from 2018 on the imports to safeguard the local manufacturers.
    • Capital subsidies to rooftop solar plants up to 500 KWh.
    • Renewable Energy Certificates(REC): Financial incentives for every unit of green energy generated.
    • Power Purchase Agreement(PPA): Offering fair market-determined tariff for solar power.
    • ISTS(Interstate Transmission Systems):  Charges and losses are not taxable during the period of PPA.
    • Subsidy of 70% and 30% is granted by the Union Government for hilly regions.

  • Popular Food Product franchise in India

    The business of food franchise in India is booming.If someone stocks a mad love for meals and goals to position cash into a cheap, that is the proper location for them.Food is a commodity with a cause with the aid of using no means to exit for demand.Everyone goals to consume unique types of true and attractive meals from all corners of the arena.In today’s time, it is miles feasible to do so.

    There are such lots of popular food franchises in India of wide and worldwide corporations that unfold throughout numerous towns and offer meals of super great and advanced flavor to its customers.There are numerous food product manufacturers in India enterprise fashions applied with the aid of using corporations around the arena for growth and increase purposes.One such approach to growth and increase is franchising.Under food franchises available in India corporations get traders who’re cited as franchisees and permit them to apply the call of the organization and its merchandise in trade for a franchise fee.

    Food Franchise Under 10 Lakhs in India

    While looking out alternatives to positioned cash into, one in all the maximum essential portions of statistics that an investor goal to recognize approximately is the fee of funding with a cause to be worried if she or he goals to develop to be a proprietor of a specific food product franchise in India.Every franchisee’s goals have the most advantages at the bottom quantity of risk.So, if someone is looking out for a food franchise in India with low investment, which calls for a quantity of 10 lakh rupees or less, they could employ the subsequent list:

    Dairy Industry Expo 2020
    Dairy Industry Expo 2020

    Amul Ice Cream Franchise

    This is one in every one of the first-class food product franchises in India.There isn’t always any call larger than ‘Amul’ in relation to milk and dairy merchandise.Started in 1946, the enterprise has grown to be one of each the largest industrial enterprise giants of India.For an Amul Kiosk, a place of a 150 rectangular field is needed through the manner of approach of the franchisee to install the shop and for an Amul Ice Cream Scooping Parlour, the region comes round to 300 rectangular field.The shop or outlet wishes to be in an outstanding vicinity in which there is lots of footfall to draw a more range of investors.

    The price of funding required to open up an Amul Kiosk or Amul Railway Parlour franchise involves around 2 lakh rupees.Out of those 2 lakh rupees, 25,000 rupees should be paid through the manner of approach of the franchise as a refundable protection deposit to the enterprise.1 Lakh rupees can be spent on the upkeep of the shop and the relaxation of the quantity can be applied in purchasing the equipment.The quantity that a franchisee wishes to position as lots as very own an Amul Ice Cream Scooping Parlour franchise is about 5 lakh rupees.It is composed of 50,000 rupees that want to be paid to the enterprise as a refundable protection deposit.The relaxation of the cash has for use for upkeep and equipment.

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    Monginis Franchise

    Monginis is taken into consideration to be one in every one of the first-class food product manufacturers in India.Started in 1958 through the approach of the Khorakiwala family, Monginis is a sequence of Indian bakeries that manufactures and sells pastries, cakes, muffins, etc.The enterprise has more than 1,000 shops in extraordinary towns of India.In the year 2014, the enterprise ranked 256th on the listing of the manufacturers that have been relied on the maximum through manner of approach of the humans in India.

    The installed emblem call of Monginis allows the franchise plenty in attracting customers.The enterprise additionally helps the franchisee all through the complete system of setting in the franchise.The franchisee is provided with running manuals and the franchisee, alongside collectively together with his or her employees, is made to undergo education through the manner of approach of the enterprise.The earnings margin in maintaining made from Monginis is taken into consideration to be around 20 % The franchise is predicted to hit the break-even factor in around 2 years.

    Mother Dairy Franchise

    Another food franchise in India with low funding is Mother Dairy.Started in 1974, Mother Dairy is an Indian dairy enterprise that manufactures and sells milk and dairy merchandise to the humans of India.It is the first-class meals franchise for a small city in India.In 2015, the enterprise became ranked thirty-ninth on the listing of first-class a hundred businesses to paintings for in India.The enterprise has stores throughout India and due to the fact of its extraordinary merchandise, Mother Dairy has been prevailing the hearts of the humans of India for decades.The enterprise affords help to the franchise so that she or he is successful in the installation of the shop.

    The franchise now no longer should pay any royalty to the enterprise.A region of round 5000 rectangular field is needed through the manner of approach of a character in order to install a Mother Dairy outlet.Also, at the least one individual wants to run the shop.The funding quantity required through the manner of approach of a character to emerge as the proprietor of a Mother Dairy franchise ranges from 5-10 lakh rupees.Apart from that, the franchisee additionally has to pay 50,000 rupees as franchise charges to the enterprise.In the primary yr of operations, a 30 % cross back on funding can also additionally be predicted through the manner of approach of the franchisee and she can be successful in attaining the break-even factor in round 2 years.

    Market Value of Quick Service Restaurants
    Market Value of Quick Service Restaurants

    Profitable food franchise in India

    India is the third-biggest food product manufacturer’s client marketplace within the globe and thus, is a great region for maximum important global and countrywide speedy-meals players.As the quickest developing economic system with an unexpectedly developing center class, India’s speedy meals enterprise is booming and is anticipated to in addition develop at an annual price of 10% and be virtually nicely worth throughout the $27.57 billion with the resource of using 2020.
    Thus, for budding Indian entrepreneurs, speedy meals make for a great enterprise to project into.One of the simplest, maximum handy, and low-chance approaches to achieve the advantages of proudly owning a speedy-meals enterprise is thru the franchise.

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    Subway

    Operating since 1965, the number of retailers in India for the subway is usually 600+ (approximately) with a Space of 6,100 sq.ft.(approximately) requirement along with an investment of INR 35.80 lakh (approximately).One of the primary few speedy meals joints to interrupt the stereotypes in competition to speedy meals being a bad option, Subway started out an international trend.

    With its signature submarine sandwiches, Subway provided a much less costly but healthful opportunity to the mainstream burger and fries that had formerly ruled the speedy-meals marketplace.As a result, Subway enjoys the loyalty of its niche, the extra health-aware audience.The logo has innovated its menu according to Indian tastes and vegetarian options and is likewise making plans to expand its Indian footprint within the future; thus, making it a ripe possibility for enterprise traders and entrepreneurs.

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    Pizza Hut

    Operating since 1958, with the Number of retailers usually 400+ (approximately) with a Space requirement of 300-1500 sq.ft.approximately) along with an investment requirement of INR 80.25 crores (approximately).In phrases of global presence and quantity of retailers, Pizza Hut is the global’s biggest pizza chain.It was certainly considered one of the first pizza chains to head into the Indian marketing strategy and performed a tremendous position in turning pizza into an Indian family delicacy.Pizza Hut offers appealing franchise possibilities for businessmen as nicely.

    For example, starting a Pizza Hut Delivery keeps calls for a smaller area, lesser personnel, and shorter education periods.For human beings inquisitive about starting a whole consuming place, Pizza Hut additionally offers franchise possibilities within the consuming place area in which the franchise proprietor is provided with an in-depth variety of menu alternatives whilst area and personnel requirement is increased.Pan-India, income for the logo witnessed a boom of 9% in Q1 of 2019.

    MoKart

    Operating since 2018, with 5 retailers along with Space requirement of 50-250 sq.ft.(approximately) adding the Investment required INR 30,000-800,000 (approximately).MoKart is a quirky, road meals based totally speedy meals consuming place supplying an in-depth variety of Delhi’s favorite meals, momos.Popular food franchises in particular with the city’s kids and children, this speedy-meals logo makes dimsums actually out of everything.

    It offers particular flavors in 22 fillings, six customizations, one hundred thirty versions with noticeably much less costly prices, beginning at simply INR 60.Ever for the motive that its launch, the logo has additionally received recognition from some of the potential franchise proprietors attributable to their much less costly and sundry franchise formats.

  • Best Electrical Business Ideas: Profitable And Easy

    The growth in the electrical consumption is increasing globally every day. The most important factor for the same is the increasing use of technology. It is a very suitable time if you are thinking about electrical business ideas. If you belong to the electrical field, then it would be a very lucrative idea to start with electrical business ideas. However, if you are not from that field, then also you can start with a proper strategy and guideline.

    So, let’s jump into the article and find out what are the most reliable and profitable electrical business ideas.

    How to Build PC-Computer For Daily Work/Custom Made Computer
    As you start up your business career, you will certainly need the help of a custom PC that is made specifically for the work that you do. Custom-made PCs offer a lot of advantages compared to the regular PCs as they are solely built for a specific purpose that you require.
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    Battery Manufacturing

    If you are thinking to start your own production business from all electrical business ideas, then battery manufacturing can be considered. It might not be a very easy job, but it is also not a rocket science. You need to have a few guidance and training which is available almost everywhere.

    electrical business opportunities_startuptalky
    Battery Manufacturing

    However, you need a few license and documents to start your battery producing business. Get a NOC  from local pollution monitoring authorities to run your business.

    Mobile And Computer Repairing Business

    This one is one of the best electrical business ideas because it is very profitable. Every household out there posses at least one smartphone or a laptop, or at least a desktop. So it is obvious for people to flock into your shop to repair their electronic handles.

    Electronic Appliances

    There are two ways you can operate this as one of the versatile electrical business ideas. First, you can start selling the electrical appliances in your shop, both physical and virtual. In this option, you have to purchase from and producer and sell it to your customers.

    small electrical business ideas in india_startuptalky
    Electrical Appliances that are used daily

    Secondly, you can start a manufacturing unit. You need to have raw materials assembled so you can start making electronic products. Both-way, it is going to be profitable because there is a rise in the demand in electrical appliances.

    Air Compressors

    Air compressors are utilized in a lot of places. Starting from smaller gas stations to the bigger manufacturing plants. The air compressor is almost found in all of the heavy machines. Air compressors are basically used to convert power into potential energy stored in pressurized air.

    Therefore, if you are thinking this option to opt among all the electrical business ideas, then start from the scratch. Get enough knowledge and attend raining and workshop programs that are available in the internet.

    Green Consulting

    Keeping in mind the damages happening to the environment, green consulting have started. The journey with green-oriented operations is not a new thing. Since last few years, the idea of manufacturing eco-friendly way of improving energy efficiency.

    profit in electrical shop in india_startuptalky
    Choose eco-freindly ways of electrical operations

    For starting your green consulting there are a few things you need to possess. The most important is a combination of electrical engineering license as well as Leadership in Energy and Environmental Design certification (LEED).

    Security Gadgets

    If you intend to open a manufacturing unit, then you might need high professionals to work under you. Also, you will need huge machinery. A lot of investment to start your business with.

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    It is recommended to open up a store to sell security products. You can get the franchise of an existing brand. Otherwise, opt for many branded products and assemble them in your shop. With the growing crime and nuisance activities, the demand for security cameras and other gadgets are high in demand. They are required in institutions like hospital, school, offices, residents, complex, restaurants, hotels etc.

    Repair and Maintenance Services

    Maybe it is about any institution or a residential home, everywhere it is electrical appliances are being used for almost every work. Home repairing services also include the repair and maintenance of electronic goods. So thinking about this as one of the best electrical business ideas can also be pretty profitable.

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    E-waste Management

    As the life span of electronic gadgets reduces, we tend to buy more gadgets. However, there is no place to dump waste products. Also, throwing them out here and there can also be hazardous to the health. So, to make it more environment friendly, e-waste became a thing.

    electrical business opportunities_startuptalky
    E-waste Management

    E-wastes are essentially the discarded, surplus, obsolete, broken, electrical or electronic devices. The global e-waste management market has its net value worth $17 billion in 2015. By the end of 2020, it is expected to reach up to $49.9 billion. So, you know now, not a bad one among the electrical business ideas.

    Blogging belongs to the universe. You just have to have enough knowledge about your preferred field. For the time being, let’s think you are a master in electronics and you want to share your views of the world. There is a lot to talk about in your blog, or even if you are doing a vlog.

    Recently, the most popular thing that has come up is reviews about gadgets. t will be a wonderful opportunity if you know all the nooks and croons of the gadgets that are getting released in the market.

    how to grow a small electrical business_startuptalky
    Growth in Electrical Market

    In case you are doing a collaboration, you will not even need to buy the gadget. But you need to master the art of market your product to the audience. This might also make you an influencer. So, you have to agree, this is one of the best electrical business ideas.

    Electrical Training

    This is another option besides blogging and vlogging. You can start teaching others professionally. If you have a degree you can start your private training courses and charge people accordingly. The interested ones will obviously pay you for the training session.

    Electrical business ideas

    You need to provide a certificate for every course. Also, you need to make sure that the certificate holds a value. So you can collaborate with institutions that offer valid certificates that can be used for making an impression.

    Electrical business ideas need to have a good start with in-depth research. The entire world can be your target audience. But you need to be very specific about why people would purchase from you. Get all the basics cleared about electronics so you can convince your buyers. Customer satisfaction should be your priority. So, these few electrical business ideas will surely be profitable if applied in a proper way.

  • INDIAN AUTOGAS MARKET : An Alternative Energy Source

    Autogas is understood as automotive LPG, which is a mixture of propane and butane. It’s widely used as “Green” fuel, as its use reduces greenhouse emission. It’s the foremost convenient variety to petroleum-based fuels, gasoline, and diesel utilized in transport. In recent times, most of the countries have well-developed autogas markets. It emits fewer hydrocarbons, monoxide, and oxides of gas. It will increase engine longevity as a result of its high measure.

    It helps in reducing the carbon emission compared to gasoline and diesel. Many governments around the world are actively encouraging the employment of autogas in recognition of its varied environmental advantages and cost-effectiveness.

    With the threat of global climate change rising Brobdingnagian, the necessity for apace deploying clean fuels for transport has never been pronounced.

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    Factors determining the use of autogas/LPG:

    • Price of alternative fuels.
    • The acquisition value of cylinders.
    • Safety considerations.
    • Cultural preferences.

    Autogas V/S Alternative Fuels

    Compared to other fuels autogas is an efficient source of fuel as it is cheaper than other available fuels. LPG vehicles are cheaper than other vehicles.

    Comparing Autogas With Other Fuels

    Autogas v/s Petrol

    • Cost: The price of automobile fuel cars is less than the value of gasoline cars. Autogas saves costs.
    • Octane rating: Automobile LPG incorporates a higher measure compared to gasoline.
    • Auto LPG could be a liquified gas; whereas, gasoline is liquid at gas pressure.

    Autogas vs CNG

    • Auto LPG will run three times space on a full tank compared to CNG.
    • The conversion value of LPG is 50% less that of CNG.
    • Automotive LPG vehicles are cheap, as compared to CNG.
    • LPG is safer as a result of low tank pressure as compared to CNG.

    India Autogas Market

    It is calculable that there are 2.38 million vehicles capable of running autogas in India, and the majority is of three-wheeler vehicles. The chief makers currently provide models intrinsic with autogas.
    There is an increase in sales of automobile LPG of fourteen percent because of the hike in costs of gasoline and diesel. The entire sales were around 400,000 tonnes within the year 2017-2018.

    Autogas Dispensing Stations Across India(2008-2020)

    The transportation sector is increasing the employment of autogas fuels, thus, making the expansion of the market. This increasing demand for cleaner fuels is the major market driver. Indian automotive LPG has reached $ 5.15 million units within the year 2019 and is anticipated to expand. Factors contributing to the present growth embrace rising demand for economical fuels compared to traditional fuels. There is an increase in the demand for environment-friendly fuels to decrease the pollution level in India.

    The marketplace for autogas is growing as a result of the autumn in its costs, relative to alternative fuels like petrol and diesel. In most cities, three-wheeler rickshaws: a vital part of public conveyance is currently being regenerated to autogas running vehicles. Across the state, 1350 filling stations are there for automotive LPG in five hundred cities in states chiefly Andhra Pradesh, Gujarat, Kerala, Karnataka, Tamil Nadu, and Maharashtra.

    Companies Providing Autogas Automobiles
    Companies Providing Autogas Vehicles

    Future Of Autogas In India

    According to the Indian automobile LPG Coalition(IAC), LPG vehicles can cross the three million mark within the next 5 years in India. It is expected that three million autogas vehicles can run in India by the year 2022. At present, 2.3 million autogas vehicles are running, with a median of 10000-16000 vehicles remodeled monthly.

    “Due to the earliest stages of the event of electric vehicles, the state of affairs for LPG is a lot of positive. It provides a lot of opportunities for autogas in today’s market. Moving forward, we can see three million vehicles running on LPG if the govt offers a transparent roadmap on various cleaner fuels,” aforementioned Suyash Gupta, Director General, Indian automobile LPG Coalition.

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    The reason behind the expansion of autogas is its cost. The cost per unit of LPG is fifty percent to that of diesel and gasoline. As winter is approaching, the considerations concerning air pollution and its harmful effects can reappear; thus, the government ought to encourage the use of cleaner fuels as autogas emits sixty-eight percent fewer oxide than gasoline and ninety-six percent than diesel. Autogas reduces vehicle emissions. Hence, five hundred cities have already got autogas filling stations. A lot of regions may be brought below the reach instantly, as autogas does not need pipelines and can be shipped easily.

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    Advantages and Downsides of LPG Hopped-up Vehicles

    Advantages:

    • Autogas offers low running prices.
    • Cheaper than gasoline and diesel.
    • Lower service value because of less wear and tear of engine parts.
    • Environmental advantages – less harm to surroundings(reduce emissions of Carbon dioxide).
    • Higher compression will increase power output.

    Disadvantages:

    • Extra value in shopping for an LPG automotive.
    • Problems in finding LPG service stations.

    Government Incentive Policy

    The chief government policy incentive for autogas is the excise tax exemption. The government has removed restrictions on the retail costs of autogas, petrol, and diesel; this suggests that the businesses are liberal to revise their autogas costs monthly. Once the introduction of the Goods and Services Tax(GST)on first July 2017, the taxation of LPG modified, that favored the autogas market. After the GST reform, LPG is taxed at one rate of eighteen in all sectors. This shift in costs provides a major boost to autogas demand in India.

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    Conclusion

    The Indian autogas market began to increase in 2008. Still, the consumption of autogas is low as compared to alternative fuels. Autogas is the best energy supply that is present in abundance at present and prepared for future use. It’s the third most used fuel in the world.  Autogas is convenient and low maintenance fuel. It impacts air quality. It helps in reducing the carbon emission compared to gasoline and diesel. Various governments around the world are actively encouraging the employment of autogas in recognition of its varied environmental advantages and cost-effectiveness.