Tag: Interesting Facts

Interesting Facts about Spotify: Best Music Streaming Service Platform
‌‌When it comes to music, we all have been fans of Spotify! The extremely popular music streaming service provider, Spotify is counted among the largest service providers all across the world. Spotify has more than 382 million monthly users among which 172 million are paying subscribers. With Spotify, you can access a huge number of songs and albums, some specially designed for you. One of the major reasons for the success of Spotify is its free services. Although it does get interrupted by the advertisements, still there’s a vast amount of content that you can access for totally free!

Spotify was founded by Daniel Ek and Martin Lorentzon and launched in 2006. It has created a new emotion among the audience and has truly changed the music streaming service. Speaking of which, apart from Spotify’s success and fan following, it has some pretty interesting facts that we are going to discuss in this article. So, let’s get started!

Interesting Facts about Spotify
Conclusion
FAQs

Interesting facts about Spotify

Interesting Facts about Spotify

Story of Spotify

People often confuse Spotify as an American company, but very few know that Spotify is actually a Swedish company. Yes, that’s right!

Spotify was founded in Sweden in 2006. However, because for some reason, its official launch was held by the end of 2008. After running for a few years, Spotify went International and began its charm in the United States.

Spotify gained a huge success and now, the company has reached almost every corner of this world. Its official headquarters is established in Stockholm, Sweden.

Spotify Wrapped: The Successful Viral Marketing Campaign by Spotify

Spotify wrapped is a viral marketing campaign that has been successful since its inception. Let’s find out how it works and the reason behind its success.

StartupTalkyHarshit Verma

1/4th of Spotify songs have not been discovered

It is very rare that around 25% of the total songs listened to on Spotify have not been discovered yet. These songs have not been played even once. These songs mainly belong to unknown artists and band covers.

Intriguingly, Spotify does not ask the music artist to be famous for getting their songs be listened. However, this doesn’t imply that the listener would listen to them.

Where did the “Spotify” name come from?

Spotify Logo

In an interview with Daniel Ek mentioned that “Spotify” isn’t the name they chose for the company. The story behind this is, the Co-founder Martin Lorentzon had decided on some other name for the company but Daniel Ek misheard the name with something different. Then with the turns of events, the “Spotify” name was created with the combination of two words which are: ‘Spot’ and ‘Identify”. And that’s how the name “Spotify” came in!

Criticism of Spotify from prominent celebrities

Spotify criticised by Taylor Swift

Spotify has gained various criticism from some prominent artists like Taylor Swift and Thom Yorke. This is because the company, Spotify, shares 70% of the total revenue to the right-holders and this is nowhere appreciated by the artists.

This even made Taylor Swift leave the platform and stop releasing her songs on Spotify. However, after some time, Taylor Swift did return to Spotify with her album “Bad Reputation”.

Top 10 Highest paid Celebrity Endorsement Deals of 2021

We all know Celebrities charge a handsome amount for endorsing brands. So, let’s look at Top 10 Celebrity endorsements with huge payouts.

StartupTalkyPratyusha Srivastava

Artists gains very little from Spotify

Spotify pays very little to its artists as compared to their talent and worth. For example, for every 1,000 plays on a song, the artists receive only $4.37. This is basically a downside of the company as all the work done by the artists doesn’t profit them in any way and Spotify makes all the profit over it.

That’s why it’s always recommended that, if you want to support an artist, purchase their song’s CDs, vinyl or any other, for listening to their music.

Spotify has acquired Echo Nest

We all have encountered the amazing feature of Spotify, where it matches the songs with its artists in all the contexts it is used in. That came in 2014 when Spotify collaborated with the startup, Echo Nest. This helped Spotify in acquiring machine learning and music learning company The Echo Nest. Through this only, Spotify gained this amazing feature.

Interesting Facts about Amazon – A Trillion Dollar Company

Amazon is the most popular eCommerce platform with services like Prime videos, Audible, & more. Here are some unknown facts about Amazon to know.

StartupTalkyRoshni Tamta

Conclusion

In conclusion, we can say that Spotify is a truly amazing music streaming company with free as well as subscriptions songs and albums. It is even considered the most intriguing music streaming application for your phone. You can formulate your own playlists and gain preferences. In fact, you can listen to those songs which you wouldn’t find on any other platform. Spotify truly holds the potential to transform the music industry and in some ways, it already has.

FAQs

Who has founded Spotify?

Spotify was founded by Daniel Ek and Martin Lorentzon in 2006.

Who is the CEO of Spotify?

Daniel Ek is the CEO of Spotify since 2006.

What makes Spotify unique?

Some of the unique things listeners can do on Spotify are:
- Bring back deleted playlists
- Exclude playing specific artists
- Sorting your liked songs
- Share music with Spotify codes
- Add your MP3s
- Listen with others
- Link to your favorite part of the song with time markers
Is Spotify free for artists?

Uploading music on Spotify is free to all artists. Spotify doesn’t charge you any fees or commissions.

When does an artist get paid on Spotify?

An artist gets his payment depending upon how frequently their music is being streamed on Spotify.
December 23, 2021
Interesting Facts about Amazon – A Trillion Dollar Company
Amazon is well-known, and almost everyone has used it to buy or sell something. When Jeff founded this company in 1994, it was just another online book seller, but it quickly grew into an e-commerce behemoth that has dominated the market ever since.

Amazon has a wide range of things to choose from as well as a number of other services such as Prime videos, Audible, and others. The majority of people sell and purchase on Amazon, however there are many unknown truths regarding the corporation that few people are aware of.

Interesting Facts about Amazon
Conclusion
FAQs

Amazon Interesting Facts

Interesting Facts about Amazon

Amazon had a different name when it first started back in 1994

Generally, people don’t know about this fact but when Amazon originally began in 1994, it was known by a different name. It was named Cadabra like the magic term “abracadabra.” However, Jeff Bezos‘ lawyer said that the magic connection was too vague and that “Cadabra” may be misconstrued for “cadaver” when spoken aloud. They eventually settled on the name Amazon, which is a tribute to a river in South America. The concept seemed to be that, like the world’s biggest river, their book range would be enormous and diverse.

Warehouse Tours Are Available on Amazon

Despite the fact that an Amazon Fulfillment Center may not appear to be a popular tourist attraction, the corporation is nonetheless offering the option. At least 23 warehouses in the United States and Canada are one of the global locations open to the public on specific days each month.

The tour lasts approximately an hour and gives visitors a look at the computerized sorting system that sends goods out the door, probably with air conditioners. In 2011, the firm was chastised for running warehouses at temperatures above 100 degrees and parked ambulances outside to treat heatstroke sufferers.

Amazon Bought a Robotics Business in 2012

Kiva Systems acquired by Amazon | Amazon Robotics

Kiva Systems was purchased by Amazon for $775 million. This small robotics firm provided its new owner with mobile robots that were designed to transport item racks from worker to worker and scan barcodes on the surface for guidance. Amazon received an army of robots custom-built to whizz around buildings and fulfil shipping demands at breakneck speed as part of the agreement.

Kiva had committed to maintain distributing its technology to other suppliers even as an Amazon subsidiary. But it didn’t pan out that way: Amazon renamed Kiva to Amazon Robotics in the spring of 2015. Other shops interested in leveraging Amazon’s robot army should let Amazon Robotics and Amazon Services complete their orders using Amazon robots in Amazon facilities, according to the company.

Amazon is the second business to achieve $1 trillion in market capitalization

Among the most fascinating statistics about Amazon is that it is only the second firm in history to reach $1 trillion in revenue. Given that Amazon earns 49 cents for every dollar bought online in the United States, this is unsurprising. In 2018, Apple became the first firm to hit the $1 trillion mark.

How Apple avoided Billions of Dollars of Taxes? | Apple Tax Avoidance Strategy

Apple being the biggest tech company earns billions of dollars in revenue but it doesn’t pay billions in tax. How? Let’s understand how it avoided taxes.

StartupTalkyDamini Bhandary

Amazon Faced Backlash for Selling Dolphin Meats

After it was discovered that Amazon Japan dealt in meat items derived from whales and dolphins, including certain endangered species, environmental activists launched an email campaign against the retailer in 2012. Amazon’s virtual shelves were emptied of more than 100 items, including canned whale flesh and whale jerky.

Amazon Japan’s Mascot, Danbo, is Extremely Cute

Amazon Interesting Facts | Danbo – Amazon Japan’s shipping box

Danbo, Amazon Japan’s unofficial sentient shipping box mascot, is so beloved that Danbo toys and other items are widely available, as are memes portraying him in various situations. Danbo (which translates to “corrugated cardboard”), on the other hand, started in the pages of manga artist Kiyohiko Azuma’s work and has no apparent connections to the corporation, though they don’t appear to care.

Tiny Houses Are For Sale on Amazon

Are you looking for a new place to live? On the site, you can purchase a home. Amazon sells home kits with a 20-foot by 40-foot living space, a kitchen, and a bathroom for roughly $26,000. But, if you want to transform it from a gimmick to a habitable space, that amount isn’t all-inclusive. Before it becomes a permanent residence to which Amazon deliveries may be delivered, you’ll need to pay for plumbing, electrical installation, and other essentials.

Amazon Will Pay Employees To Leave The Company

Amazon introduced a “Pay to Quit” program in 2014 with the goal of reducing the number of unmotivated warehouse workers at its fulfilment sites. If a person resigns, they will receive anything from $2000 to $5000, depending on how long they have worked there. (Employees must have been with the company for at least a year.) What’s the catch? You will never work for the company again if you accept the money. Only about 10% of the first wave of employees who were offered the deal took it.

The Amazon Corporate Lobby Has a Giant Cave Bear

Once Amazon started experimenting with an eBay-style auction mechanism, Bezos made a huge purchase: he paid $40,000 for a complete Ice Age cave bear skeleton. The colossal creature now stands in the entryway of the company’s Seattle headquarters.

Jeff Bezos : Amazon founder | Space Flight | Net worth

Jeff is an American businessman, founder & executive chairman of Amazon, founder of space travel company Blue Origin. Read Jeff Bezos- biography.

StartupTalkyManav Makhija

Nintendo Switch Was The Top Searched Item on Amazon in 2020

As per statistics, 66% in the United States begin their purchase search on Amazon. Because we’re dealing with a big number of queries, we may gain information into user behavior, including the most popular Amazon product. According to Amazon search statistics, the Nintendo Switch was the most sought item in the United States, with over one million searches per month. With 892,000 searches, a laptop came in second, followed by AirPods with 693,000 searches. The spike in interest of the Nintendo Switch, which resulted in doubling sales in March 2020 compared to the same period in 2019, is most likely to blame for a large number of Nintendo Switch searches.

Conclusion

Over the years, Amazon has made enormous strides. It began by focusing solely on the sale of books. According to Amazon statistics, the corporation is still one of the largest merchants of all time. As a result, as more individuals engage in online shopping, its rise is projected to continue in the future.

FAQs

Who is the CEO of Amazon?

Andy Jassy is the CEO of Amazon since 5 July 2021.

How does Amazon make profit?

Amazon makes money through its retail, subscriptions, and web services, among other channels.

Who runs Amazon India?

Amit Agarwal is the Global Sr. VP and Country Head at Amazon India.

What was the first product sold by Amazon?

Amazon opened as an online bookseller and Books were the first product to be sold by Amazon.
December 5, 2021
IKEA Interesting Facts | Fun Facts about IKEA that People Don’t Know
IKEA is a Swedish multinational corporation that sells ready-to-assemble furnishings, kitchen items, and household items. IKEA is the world’s largest furnishing retailer, with over 400 locations selling low-cost household goods to thousands of customers. Ingvar Kamprad, who was 17 years old at the time, founded it in 1943 in Sweden.

IKEA is now the world’s largest furnishings retailer, with no true global competitors. Ikea still has space to grow, as it barely accounts for 5 to 10% of the market industry in the countries where it operates, despite its widespread brand recognition. IKEA may be well-known now, but the firm that pioneered flat-pack, self-assembly furniture had humble origins.

Following are some interesting facts about IKEA that most people don’t know about:

Interesting Facts About IKEA
Conclusion
FAQs

Interesting Facts About IKEA

The Name of The Company is an Acronym

Ingvar Kamprad – IKEA founder

The name of the company is an acronym for “Ingvar Kamprad from Elmtaryd, Agunnaryd,” the name of the farm and village in Sweden where, the founder- Ingvar Kamprad grew up. That is why the company’s name ‘IKEA’ is written in capital letters.

IKEA Uses a Unique Naming System for its Items

Because Kamprad was dyslexic, he titled his items with proper names and words to make them simpler to recognise. Bathroom items from IKEA are titled after lakes, rivers, and bays. Some people may be perplexed by IKEA’s usage of Nordic names for its furniture, but there is a system in place.

Each product category is named after something specific. Beds, for instance, are called after places in Norway, while sofas are named after towns in Sweden, rugs are typically named after places in Denmark or Sweden, and textiles and curtains are named after women.

There is an IKEA Museum That People can Visit

IKEA Museum

The IKEA Museum opened in 2016 in Älmhult, on the location of the company’s original shop. The principal exhibitions focus on the store’s history and how it has changed through time. The IKEA Museum is housed in the same structure that housed the first IKEA shop, which started in 1958.

In 2012, the store relocated to a new location in Älmhult. Work on transforming the store into a museum began about this period, with a 2015 opening date scheduled. The building’s foundation has been restored to its original design. The museum is 3500 m2 in size.

IKEA’s Signature Flat-packed Furniture First Came Around in 1956

IKEA has been known for its self-assembly furniture since 1956, and the company’s unique flat-pack furniture was first introduced in the 1950s. Gillis Lundgren, an employee, came up with the idea after removing the legs from a table in order to transfer them in a car. This new method of selling furnishings would save money and make moving new pieces much easier.

Billy the Bookcase Recently Turned 40

IKEA Billy Bookcases

Every minute, 15 Billy bookcases are built. The Billy bookcase system has made it feasible to create an economical library look, from a single bookcase to a wall-to-wall library. By Billy’s 30th anniversary in 2009, more than 41 million units had been sold worldwide.

IKEA Began by Selling Little Items Such as Pencils and Wallets

Despite the fact that IKEA is now linked with furniture, the company started out selling tiny items such as pens, wallets, and picture frames, as well as watches and jewellery. It also functioned as a mail-order company. During the 1940s, his most successful goods appear to have been pens and timepieces.

How IKEA Manages to keep its prices low

IKEA has always been successful in selling affordable furniture to its consumers. Lets understand How IKEA successfully Manages to keep its prices low

StartupTalkyDiksha Sinha

IKEA’s Headquarters are Now in The Netherlands

IKEA’s headquarters have been in Leiden, Netherlands, since 1986. Some speculated that the corporation relocated from Sweden to the Netherlands in order to save money on taxes.

IKEA Built its First In-store Restaurant in 1956

For many, a stop at IKEA’s restaurant for a Swedish meatball binge is the highlight of any visit. The first in-store restaurant for the company debuted in 1956 at the lmhult site. The in-store restaurants were created to feed hungry customers who would spend the entire day shopping in the store, as well as to make them feel welcomed and cared for. Despite the fact that the food served in IKEA kitchens is very traditional, the firm nevertheless has a specialised test kitchen where meals are fine-tuned before being pushed out.

24 Restaurant Marketing Ideas In India [2021]

Finding it difficult to attract customers to your restaurant? Well, here we bring the 24 best restaurant marketing ideas and trends to promote.

StartupTalkyShubham Kumar

IKEA sells Complete Houses

IKEA offers flat-pack houses that are way cheaper than the traditional home, with no need for a real estate professional. In 1996, the BoKlok House was established in Sweden. BoKlok is a housing concept that focuses on ‘modern homes for the masses’.

The IKEA Catalogue is Produced in Greater Quantities Than the Bible

IKEA catalogues

Annually, the IKEA catalogue reaches around 180 million individuals in 29 languages, compared to roughly 100 million bibles. The catalogue has been around since 1951 and is said to account for roughly 70% of the advertising budget.

Conclusion

IKEA ushered forth a new united lifestyle that prioritised low-cost furniture and home goods. They were successful in making low-cost furniture socially acceptable all over the world while lowering expenses. The company’s success is well-known and they are all set for the global domination of the furniture market. As fascinating as the items are, the company’s odd facts are just as fascinating as IKEA’s extensive catalogue.

FAQs

Which cities in India have IKEA?

In August 2018, IKEA India, a subsidiary of the Ingka Group, opened its first retail shop in Hyderabad. In December 2020, the Navi Mumbai shop opened, and two city-centre stores will follow in Mumbai in 2021. IKEA now operates online stores in Mumbai, Hyderabad, Pune, Bengaluru, Ahmedabad, Surat, and Vadodara, among other cities.

Is IKEA a Chinese company?

IKEA is a Swedish company. IKEA designs its products in Sweden, but many manufacturing facilities are located in Asia, where China is the key place for outsourcing.

What country has the most IKEA stores?

With 53 IKEA shops as of 2019, Germany was the country with the most IKEA stores in the world.

What is the largest IKEA in the world?

As of 2021, the world’s largest IKEA store is located in Manila, Philippines, and spans 65,000 square metres (699,654 square feet).
December 1, 2021
Interesting Facts About Jiomart Online Grocery Shopping Platform

In April 2020, Reliance Industries Ltd launched JioMart, an e-commerce website on the Jio platform. JioMart is an online grocery shop that delivers 50,000+ grocery items at a discount to your home via a fast delivery system. It is based on a demand-driven model. The website began operations in Thane, Kalyan and Navi Mumbai and eventually expanded throughout India. Customers responded positively to the service, and the firm is currently expanding its presence in other Indian cities and villages. JioMart has developed a digital pan-India infrastructure in collaboration with local Kirana stores and its retail outlets.

Instead of employing a warehouse infrastructure, the firm works with local shops. The grocery goods are sourced by these shops and delivered to the customers.

Reliance plans to compete with existing grocery platforms in India, such as Swiggy, BigBasket, Zomato, Grofers, and others, via JioMart. Some interesting facts regarding the e-commerce platform are listed below.

Jiomart Does Not Have Any Warehouses
Jiomart Selling Platforms
How Does Jiomart Work With Retailers?
A Retailer Can Become A Jiomart Seller
Why Is Jiomart Such a Strong Competitor?
Jiomart’s Features
Mukesh Ambani’s Jiomart Aims
Jiomart Supported through Reliance Aquisitions
Jiomart’s Business Strategy
Jiomart’s Competitors
Conclusion
FAQs

About JioMart

Jiomart Does Not Have Any Warehouses

JioMart, unlike its competitors Flipkart and Amazon, does not stock its items in massive warehouses. To supply merchandise, they have partnered with local retailers or Kirana stores.

Jiomart Selling Platforms

JioMart Grocery Shopping Platform

Fresh fruits and vegetables, groceries, snacks, drinks, home & household basics, beauty & hygiene, and infant care are just a few of the supermarket items available at JioMart.

You may purchase and order things using the Jiomart website and app. Previously, Jiomart teamed with Mark Zuckerberg through Facebook-owned WhatsApp, and the two companies joined together to improve JioMart’s service and reach out to WhatsApp customers. Users may submit orders over Whatsapp, which would make it easier for clients who are not comfortable using digital platforms to shop from JioMart. As a result, the service became much more user-friendly.

How Does Jiomart Work With Retailers?

Jiomart links with local businesses and delivers items to clients by obtaining them from the closest store in the customer’s neighbourhood. To place the order, the consumer will utilise their official WhatsApp number.

The user will get a bill that must be paid in cash after confirmation. When the order is ready, the client will be notified and instructed to pick up the order from the store.

How To Get Verified Badge For WhatsApp Business Account

How to get verified badge for WhatsApp Business Account? Read to know the stepwise guide to get your whatsapp business account verified.

StartupTalkyAshwini

A Retailer Can Become A Jiomart Seller

Any retailer can easily be a seller at JioMart. To become a vendor on JioMart, a retailer must first register. Store owners may use the JioMart app to display their inventory, take orders, make deals, and manage online sales after registering. JioMart would make sure that vendors using its platform have a pleasant selling experience. Retailers will be provided with the necessary assistance to ensure that items are delivered to customers promptly.

Why Is Jiomart Such a Strong Competitor?

In comparison to competitors such as Amazon, Jiomart provides lower costs to merchants and has a significantly greater portion of the distribution pie. JioMart, unlike other e-commerce platforms, works with small businesses. It serves as a distributor, distributing items to merchants and fulfilling orders for JioMart through its small shop network.

JioMart presently delivers 250,000 orders every day, and the e-commerce site has ambitions to expand into electronics and other categories shortly. At the moment, JioMart is offering all food goods at a discount of 5% off the MRP. It is even less expensive than Amazon, Flipkart, Zomato, and Swiggy. JioMart also provides a larger selection of items than other e-commerce sites and no order limits.

Reliance Retail has a 20% share of the grocery market among organised companies and is 40% larger than the second-largest competitor, DMart.

The firm has a 5% organised segment share in fashion retail, which is more than 50% greater than competitors like Aditya Birla Fashion (ABFRL).

Jiomart’s Features

Every e-commerce site has a minimum order requirement to qualify for free delivery. However, Jiomart has no such need. According to the firm, there is no minimum order for free home delivery. The firm plans to deliver orders placed on Jiomart within one to two hours, with large purchases arriving the same day or the following day. Every product on JioMart has a minimum discount of 5% and can go up to a maximum value of 50%.

The firm should accept things returned without inquiry, making the service more customer-friendly.

Mukesh Ambani’s Jiomart Aims

JioMart was not an impulsive action by Mukesh Ambani but rather a well-thought-out strategy to grab the lucrative e-commerce market. By 2021, the domain is expected to be worth $1.2 trillion. His superb effort reflects his aim to compete with global e-commerce behemoths like Amazon and Flipkart, controlled by Walmart.

Jiomart Supported through Reliance Aquisitions

Reliance Acquisition Supported JioMart

In 2019, JioMart was supported by the Reliance acquisitions of Grab A Grub and C-Square.

Grab A Grub is a logistics firm based in India that was formed in 2013. It was purchased for $14.9 million in March 2019 by Reliance Industrial Investments and Holdings Limited to assist Jio Mart logistics. Grab was selected because it has a track record of success with mega-brands, including McDonald’s, BigBasket, Myntra, Amazon Now, and Swiggy.

C-Square Info Solutions Private Limited, created in 2002, offers software solutions for e-commerce, retail, salesforce, and other industries. RIIHL purchased it in March 2019 for $11.56 million. RIL made this strategic decision to boost JioMart’s business strategy.

Jiomart’s Business Strategy

The Chinese e-commerce giant Alibaba Group Holding Ltd pioneered Jiomart’s business strategy. It offers online to offline model (O2O). A user looks for a product or service online but purchases it through an offline channel under the O2O model.

Jiomart’s Competitors

Because of its massive success, Ambani’s Jio cellular service pushed a lot of other cellular networks on the verge of going out of business. This might be the case for Ambani’s current endeavour, as well as all of its competitors.

JioMart may have Amazon and Flipkart on its radar, but in its current form, the firm will be a bigger nuisance for Grofers and BigBasket, India’s leading grocery delivery companies- Swiggy and Zomato, too, have just entered the grocery delivery market in India.

Conclusion

With the advent of the largest player in the Indian industry, incumbent grocery delivery businesses face a major challenge. JioMart has various advantages over its competitors, in addition to having a well-known brand name.

Jio’s entry into the telecom industry sparked a revolution and changed the tables. Big names like Airtel and Vodafone, who had ruled for years, were knocked off their perches. It remains to be seen if Jio will be the market leader in online grocery delivery.

FAQs

Who is the founder of JioMart?

JioMart is a product of Reliance Industries, owned by Mukesh Ambani.

When was JioMart launched?

JioMart was launched in areas near Mumbai in April 2020. It was successfully launched in 200 cities in May 2020.

Can non Jio users use JioMart?

Yes, JioMart can be used by non Jio customers.

What is JioMart model?

JioMart works as O2O model (Online to Offline model) where users can order online and order gets delivered offline.

November 23, 2021
Patanjali Interesting Facts | Unknown Facts Behind the Popularity of Patanjali
In India, ayurvedic goods have dominated the whole medical and cosmetic sector. Patanjali’s development in the field of ayurvedic medications and goods is well-known throughout India. With a net income of Rs. 590 crores ($80 million), Patanjali has been recognised as India’s fastest-growing FMGC company. It was founded in 2006 by Yoga master Baba Ramdev and Ayurveda professor Acharya Balkrishna. Patanjali Ayurved Limited is the owner of the Patanjali trademark. Its headquarters are in Haridwar, Uttarakhand.

Patanjali serves the personal care and food sectors. It manufactures over 300 Ayurvedic medications for the treatment of various bodily problems and generates over 2,500 goods.

So, without further ado, let’s look at some unknown facts about Patanjali.

How Patanjali started?
Patanjali’s Revenue Over the Years
Baba Ramdev is not a Stakeholder
How Does Patanjali Sell its Products?
Patanjali’s Best Selling Products
What Percentage of Patanjali’s Income is Spent on Advertising and Publicity?
Patanjali’s Business Strategy
How did Patanjali become so popular?
Patanjali has a Food Park of its own
Patanjali’s Divya Amla Juice and Shivlingi Beej Controversy
Conclusion
FAQs

How Patanjali started?

Acharya Balkrishna | Patanjali Founder and Chairman

In Haridwar, Acharya Balkrishna and Ramdev established Divya Yoga Pharmacy in 1995, which led to the establishment of Patanjali Ayurved. NRIs Sunita and Sarwan Poddar, who are Ramdev’s followers, helped the firm get off the ground with a loan.

Balkrishna said that he took out a Rs 60 crore loan without ever having a personal bank account in his name.

Patanjali’s Revenue Over the Years

In 2012, Patanjali made a total revenue of Rs 452 crores ($6.07 million), in 2013, it went up to Rs 849 crores ($11.4 million). In 2014, the revenue was Rs 1191 crores ($16 million) and in 2015, it went to Rs 2006 crores ($26.9 million). In May 2017, the firm said that its revenues had quadrupled in a year to over Rs 10,000 crore and in 2020 generated Rs 30,000 crores, making it India’s second-largest consumer products company, second only to Hindustan Unilever who they aim to beat by next year, with Amul now contending for second place.

Business Model of Patanjali | The secret behind Patanjali’s Success

Patanjali has emerged as one of the successful FMCG companies in India with a turnover of 10 crores. Let’s deep dive into its business model to understand how it makes money.

StartupTalkyPratyusha Srivastava

Baba Ramdev is not a Stakeholder

The firm does not consider Baba Ramdev to be a shareholder. The yoga guru owns zero% stake in the business. Acharya Balkrishna, on the other hand, is the managing director of Patanjali Ayurved and has a 94 per cent share in the company.

How Does Patanjali Sell its Products?

Patanjali goods are offered through three types of medical centres: 1200 Patanjali Chikitsalayas (doctors’ clinics), 2500 Arogya Kendra (health and wellness centres), and 8000 Swadeshi Kendra (non-medicine outlets).

Baba Ramdev’s Patanjali established a collaboration with eight e-tailers earlier this year as part of a big push for the online distribution of Patanjali Ayurveda’s products.

Several E-tailers have partnered with Patanjali Ayurveda. These are:
- NetMeds
- ShopClues
- Flipkart
- Amazon
- Big Basket
- 1mg
- Grofers
These e-tailer collaborations will be in addition to the company’s website, patanjaliayurved.net, where it sells its goods online.

Patanjali’s Best Selling Products

Patanjali Best selling products
- Patanjali’s cow ghee has brought in Rs 1,467 crore, accounting for 13.9 per cent of the company’s overall income.
- Patanjali Ayurveda’s second most popular product, Dant Kanti toothpaste, has brought in the most money after cow’s ghee. According to the most recent information available, Patanjali’s Dant Kanti sold Rs 940 crore, accounting for 8.9% of total income.
- The hair cleanser, Kesh Kanti, is another of Patanjali Ayurveda’s most popular products. Kesh Kanti, Patanjali’s haircare brand, had a revenue of Rs 825 crore, accounting for 7.8% of the company’s overall sales.
Patanjali Best products

What Percentage of Patanjali’s Income is Spent on Advertising and Publicity?

Patanjali invests 12-20% of its sales on distribution and research, according to data and sources. Patanjali has developed a unique word-of-mouth marketing strategy that generates all revenue without the use of advertising.

Patanjali’s fame did not emerge immediately; it grew over time as hundreds of thousands of pleased consumers multiplied into lakhs.

Patanjali’s Business Strategy

Patanjali Chikitshalya and Arogya Kendras have 10,000 locations where the staff constantly suggests Patanjali items. And the folks who attend their yoga camps are eager to promote the business. Baba Ramdev’s Swadeshi branding was added to the mix. Baba Ramdev also sells it on television and promotes it in his Yoga seminars around the country.

They also supply Patanjali brand usage and teach and certify medical practitioners chosen by Ayurveda clinics.

Due to the rub-off effect of Baba Ramdev’s qualifications in Yoga and Ayurveda, this instantly bestows confidence and credibility.

How did Patanjali become so popular?

Patanjali goods have grown in popularity in the recent year, even though the company was founded in 2006. The Haridwar-based firm brought in Rs 5,000 crore in revenue in 2015-16, up from about Rs 400 crore in 2011-12, Rs 2,000 crore in 2014-15, and now Rs 30,000 crores in 2020-21. In its FMCG range of roughly 300 goods, products like ghee and toothpaste have emerged as blockbusters, boosting their development even further.

The trend in Indian customers’ lifestyles toward natural and ayurvedic items and the fact that its goods are 20 per cent cheaper than most FMCG items might be the reason for its success.

Patanjali has a Food Park of its own

Patanjali Food Park

Patanjali Ayurveda has it is own Patanjali Food and Herbal Park, which runs under the Indian government’s food park plan. Not only that but the corporation is said to have opened one of the world’s largest food parks, with a total investment of Rs 500 crores. It is not only beneficial to the medical brand, but it also employs over 6,500 people and spans 100 acres.

Patanjali’s Divya Amla Juice and Shivlingi Beej Controversy

In a public notification dated June 21, 2017, the Nepal Department of Drug Administration requested that Patanjali Ayurved recall six medicinal items because they were determined to be of poor quality.

Patanjali’s Divya Amla Juice and Shivlingi Beej failed to fulfil quality criteria, according to an RTI request. According to the test result, Shivlingi Beej had 31.68 per cent foreign matter, and amla juice had a pH value below the permissible range. Between 2013 and 2016, 32 of the 82 samples collected failed the quality test.

According to a lab study from the Uttarakhand state government, the pH value of amla juice was determined to be less than the permissible level, which assesses the alkalinity of water-soluble compounds. Acidity and other medical issues may result from products with pH levels less than seven. The lab result was refuted by Acharya Balkrishna, who said it was an effort to smear Patanjali’s reputation.

Patanjali VS Baidyanath | Case Study | Success Comparison

Patanjali vs. Baidyanath – A Case Study. Read to know Which is Better and Why? Comparison Between Baidyanath and Patanjali and Business Model.

StartupTalkyYash Taneja

Conclusion

The last financial year has been quite hard for Patanjali since sales were down due to the pandemic, but with the acquisition of the FMCG firm Ruchi Soya for Rs 4350 crores ($58.4 million), things have started to look up. Baba Ramdev has reported a 9 per cent rise in operational revenue while the net income has gone up to 14 per cent since 2020. Patanjali is expected to grow even more and beat its competition in the coming years.

FAQs

Who is the real owner of Patanjali?

Acharya Balkrishna is the owner of Patanjali. He is the chairman of the consumer goods company Patanjali Ayurved.

What is the USP of Patanjali?

Patanjali sells only Ayurveda based products in food, cosmetics and healthy FMCG products.

When was Patanjali started?

Patanjali was founded in January 2006 by Baba Ramdev and Acharya Balkrishna at Haridwar.
November 18, 2021
12 Unknown and Interesting Facts about Infosys

Infosys has grown from humble beginnings to a huge company. It was established in 1981 in Pune by Mr. Narayan Murthy. Today Infosys has a revenue of US$14 billion. Today it is one of the largest recruiters for IT services. It is fueling millions of young dreams today in India and around the world. Infosys is recognized for its exemplary services in IT throughout the world.

Every year, it trains and gives employment to 20 lakh people around the globe. But behind these glories, there are many facts hidden which you might find inspiring or unique. So without any further ado lets look at the facts of Infosys.

Infosys started with funding from Mrs. Sudha Murthy
Infosys was almost closed
First Indian company to be listed in Nasdaq
Infosys has the world’s largest training center at Mysore
Infosys had no computers until 2 years
The First Official Employee of Infosys was N S Raghavan
Infosys IPO was undersubscribed
Infosys subsidiary caters to 1 million people
Infosys foundation does incredible philanthropy
First Company to implement E-sop systems
Infosys’s has a huge empire
Mr. Narayana Murthy tried to set up another startup before Infosys
FAQ

Infosys started with funding from Mrs. Sudha Murthy

Mr. Narayana Murthy the founder of Infosys borrowed rupees 10,000 from his wife Sudha Murthy who was an engineer at Tata Steel. The first startup of Mr. Narayana Murthy, Softronics had failed and he was left with no money.

Infosys was almost closed

Infosys Founders

In the year 1989, Infosys was going through a lot of problems as its partner Kurt Salmon Associates collapsed. This was a US-based company and had collapsed due to some problems. There was a problem among the co-founders. Ashok Arora one of the co-founders also quit the company. At this point Mr. Narayan Murthy stepped in and took charge and united the rest of the co-founders and led the company further.

First Indian company to be listed in Nasdaq

Infosys listed in Nasdaq

Infosys had touched the 100 million mark in the year 1999. This led it to be listed in Nasdaq, the premier global share marketplace. At that time it was the first Indian company to achieve this success. According to Nasdaq, it was among the 20 biggest companies in terms of market capitalization.

Top 10 Interesting and Unknown facts about Wipro you might not know about

Wipro is an Indian multinational company founded by Mohammed Premji, that provides IT, consulting services. Here are some interesting facts about Wipro.

StartupTalkyAbinaya Arangarajan

Infosys has the world’s largest training center at Mysore

Infosys Mysore Campus

Infosys is known for the training it provides to its employees. In Mysore, it has a huge training center with 200 classrooms, 400 gyms swimming pools, multiplex, and much more. It occupies around 370 acres of land and is considered the largest in the world.

Infosys had no computers until 2 years

In the beginning, the company did not have many funds to fuel itself. It took the company 2 years to buy the Data General 32-bit MV8000 computer. So after starting the company in the year 1981, it got its first computer in the year 1983.

The First Official Employee of Infosys was N S Raghavan

NS Raghavan

The first official employee who was recruited into Infosys was NS Raghavan. It was not Mr. Narayana Murthy. As Mr. Murthy was finishing some of his pending assignments in Patni Computers (his former employer) he could not join Infosys first.

Infosys IPO was undersubscribed

In 1993, there was a huge financial scam in this country. Even after this Infosys went ahead and released its shares into the market. The share which is considered one of the best and most reliable shares was then undersubscribed by 13%. The value for Infosys share then was 95 rupees in 1993 and the cost of Infosys share now is Rs 1470.

Facebook Turns $1 Trillion: Unveiling a Bag of Unknown Facts About Facebook

As Facebook has turned $1 trillion lets look at some of the lesser known facts about Facebook that you should know about.

StartupTalkySushree Sangeeta Behera

Infosys subsidiary caters to 1 million people

One of Infosys’s subsidiaries Finacle caters to 1 million people. It is a banking solution that is used by over 1 million banks. This is a cutting-edge technology software that caters to every function in banking.

Infosys foundation does incredible philanthropy

Infosys foundation was founded in 1996. Today it does huge philanthropy and service to the nations. The Infosys Foundation has built 2500 houses for the homeless. It has also set up more than 15,000 restrooms, 60,000 libraries. Apart from that, they have also set up relief houses in flood-affected areas. The foundation also gives 73 lakhs to honor outstanding scientists.

First Company to implement E-sop systems

This company was the first company in India to give E-SOPS to its employees. They implemented this way ahead of time. Other companies implemented it much after they did it. E-SOPS systems were implemented way after Infosys implemented it by other companies. This encouraged the employees and thus they worked harder.

Infosys’s has a huge empire

Today Infosys is a huge company and has more than 2 lakh employees. Its revenue is US$14 billion today. This company is now the 4th largest company in India. It has market capitalization of $100 bn. In 2019 Forbes listed it as 3rd World’s Best Regarded Companies for 2019.

Mr. Narayana Murthy tried to set up another startup before Infosys

Mr. Narayan Murthy had set up another startup before setting up Infosys. The name of the company was Softronics. It was basically a consulting firm but this did not run very well and thus had to stop its operation soon. After that, he made his second entrepreneurial attempt in Infosys.

Conclusion

These were some of the unknown facts regarding Infosys. You might have also known some of the facts from before. In these facts is embedded the amount of hardships and hurdles they went through before becoming so huge.

FAQ

Who is the founder of Infosys?

Infosys was founded in 1981 by – N. R.Narayana Murthy, Nandan Nilekani, N. S. Raghavan, S.Gopalakrishnan, S. D.Shibulal, K. Dinesh.

Who is current CEO of Infosys?

Salil Parekh is the current CEO of Infosys.

What is the revenue of Infosys?

The revenue of Infosys is US$14 billion as of 2021.

November 3, 2021
9 Lesser known Facts about Pinterest Every Pinterest user must know about

Ever asked yourself this question? : Is this picture Pinterest worthy?

The key to it, is when you ask ‘What is Pinterest?’ The answer lies in the question posted above. It is a visual search engine. Yes, you read that correctly. Many times, we mistake it for a social media platform that helps you connect.

It was co-founded by Ben Silbermann, Evan Sharp, and Paul Sciarra. Silbermann, the CEO, is a former Google employee in AdSense and studied at Yale. The application was launched back in March 2010.

The app now has more than 500+ employees, available on three platforms: Web, Android, and iOS, in 30+ languages. It is located in San Francisco, with headquarters in CA. And offices in New York and Chicago, Atlanta, Los Angeles, London, Paris, Berlin, and more, to name a few.

The app is based on the key message that:

It starts with a great idea.

Lets take a look at the interesting facts and stats about Pinterest:

The Story behind the name
It made History in 2011
85% of pinners use the app to save their pins
Pinterest is more popular than you think
Pinterest taking it up a notch
60% of the audience that uses Pinterest are women
The international community, on Pinterest has a wider scope.
77% of active Pinterest users discover new products or brands on Pinterest.
The app has the potential to be a search engine.
FAQ

The Story behind the name

Ben Silbermann

The girlfriend of Silbermans came up with the name Pinterest and the site was first launched in 2010 as a beta. Gradually they opened up the site on an invitation-only basis.

Adding up since we are talking facts: Pinterest birth was inspired by a failed app.

It made History in 2011

Pinterest in Times for 50 best websites

Team go big, or go home, the app made it to TIME magazines, listing it as one of the best websites, among the top 50. Just a year after its launch! And since then, it has been breaking records.

Domino’s Interesting facts | Unknown Facts about Domino’s

Domino’s Pizza is popular multichannel pizza restaurant chain. Here are some interesting facts about domino’s you might not be knowing about.

StartupTalkyNiharika Kalyankar

85% of pinners use the app to save their pins

It does not matter if you are a blogger, using the app for marketing or to drive traffic to your website. Pinterest has half of its traffic driven from mobile devices and the active 85% of pinners use the app to save their pins.

Tip: Creator’s alert! You all need to use and design layouts for your Pins that are more mobile friendly.

Pinterest is more popular than you think

The number of people under the age of twenty-five is rapidly growing. It has doubled since 2020. Snapchat has 280 million annual users and Twitter has 186 million. Pinterest has more monthly active users now than these two combined. It is gaining popularity and running ahead of Twitter and Snapchat in the long haul.

Pinterest taking it up a notch

Number of monthly active Pinterest users worldwide

Pinterest had around 320 million active monthly users in the last year. And now they have around 459 million of them. We are looking at a growth of almost 100 million users here. The app is really taking it a step up.

60% of the audience that uses Pinterest are women

60% of the audience that uses Pinterest are women, plus 4 in 5 moms in the United States look for products to buy, and ideas actively, Have a business that sells products that targets mums? You know what to do.

The International Community on Pinterest has a wider scope

Around 74% of the audience falls under the age group of 18-44 years. Not to forget it’s becoming popular among younger generations, too. Now that you know the secret, use it wisely. If you need to know the target group of your brand. But do not forget, the target audience always consists of both your loyal customers and your potential consumers too.

The platform has huge potential to reach a wider range of audiences. 50% of app users live outside the U.S. Curating content for the platform? Think again.

77% of active Pinterest users discover new products or brands on Pinterest

Pinterest ads are relatively 2.3× cheaper per conversion (when your audience takes an action, like contacting your organization or making an online purchase) compared to other social media ads. Adding to the benefits, the users on the app are 3× more likely to click through on your website to get to know more about it. Besides, 77% of active Pinterest users have discovered new products or brands through Pinterest.

The app has the potential to be a search engine

Pinterest search is a core element of Pinterest. Pinterest does not call itself a social network. Sounds strange, right, but it’s true.

The huge tech giant company continues to grow and thrive with its unique features.

13 Steaming facts about Starbucks Every Starbucks lover should know about

If you are a frequent Starbucks customer, here are some facts about Starbucks that will change the way you order at Starbucks.

StartupTalkyNiharika Kalyankar

FAQ

Who founded Pinterest?

Ben Silbermann, Paul Sciarra, and Evan Sharp founded Pinterest.

What is the revenue of Pinterest?

The annual revenue of Pinterest is 16.9 lakhs USD.

When was Pinterest Founded?

Pinterest was founded in 2010.

October 22, 2021
Interesting Facts about Bewakoof | How they Succeeded in Becoming the Famous Fashion-Portal in India

We will buy any products from a company, with the thought- either if that brand is renowned for its services among the locality or we have had a reliable relationship with the brand for decades. For instance- when you think of purchasing clothes the first and foremost thing that pops our mind is ZARA or H&M because these clothing companies have a ‘NAME’ which they have earned through brand loyalty.

Besides, you may have seen that in order to get brand awareness in the market, it is stated that a company should keep an engrossed and eye-catching name to entice as many customers as possible. But, here one such company went beyond that and topped the market with its appealing name and unique products- “Bewakoof” even though society marginalises the name of the company.

As people started to engage in rendering services from this company just by reading its brand name. Curiosity kills a cat, right? You may wonder what kind of services they are rendering under the name “BEWAKOOF”.

Basically, Bewakoof means ‘Stupid’ in Hindi with the tagline ‘A bewakoof follows his heart’ literally which later created a buzz in the market, as the company sells trendy products at an affordable rate. Bewakoof is Mumbai-based e-commerce that vents customized products such as clothes, accessories, beauty care and special collections according to the trends.

About Bewakoof

The company Bewakoof commenced its functioning on 1st April 2012 where that month and day is particularly known for April fool day, People were implausible to shop in such a company when the brand name sounds witty with a jocular tagline. Civil engineering graduated- Prabhkiran Singh and Siddharth Munot are the founders of Bewakoof planned to start their own t-shirt printing business with an aim to bring humour into the lives of college students for the 18-34 age group.

Started Bewakoof with Low initial investment
A story behind the name
A unique way of marketing their products
No deadstock
Social Media Marketing
Crazy College campaigns and Celebrity Endorsements
FAQ

Started Bewakoof with Low initial investment

As it is generally known that if you are dead set on starting an online business, the first thing you should think about is INVESTMENT, which demands a vast sum of money. But, Being an e-commerce business model, Bewakoof didn’t advance an initial amount in starting it. As the company is highly focused on social media and connecting audiences through its content & products.

A story behind the name

Bewakoof incorporation happened on 1st April 2021 especially on April fool day, which made society denigrate the inauguration as silly public stunts made by people to engross the community, paradoxically Bewakoof ultimately became the most famous fashion portal in India.

A unique way of marketing their products

The company’s marketing strategies played a unique part in hyping their demand in the market as well as helped to achieve their goals in a short span. This generation really lighted the concept of humor in the name of ‘Meme’, which attained the attention of many internet users.

Bewakoof started their meme page before commencing the T-shirt business, they allure the internet audiences into becoming customers with their memes. Because they emphasize creating memes that are relevant and persuasive to the audience’s interest.

Domino’s Interesting facts | Unknown Facts about Domino’s

Domino’s Pizza is popular multichannel pizza restaurant chain. Here are some interesting facts about domino’s you might not be knowing about.

StartupTalkyNiharika Kalyankar

No deadstock

Bewakoof products are always innovative and trendy. They update their product’s design as days pass and innovate the old one into something unusual and fresh. This generation of people are always in search of new things and tend to try new things out.

They always need something different and fashionable, they easily get bored of the old things. And in order to satisfy the customers’ demand, Bewakoof always tries to come up with some new stuff and have successfully maintained their position in the fashion world.

Bewakoof doesn’t maintain more stocks than needed. They keep launching new stuff in the sales. Only a few products are repeated, only if that particular product has high demand from the customer.

Creative Social Media Marketing

Bewakoof has an official page on social media platforms like Facebook and Instagram. They are active and keep updating their products. Social media is the best way of advertising products. People see the products and if they like them, they share them with their friends, like this the popularity increases.

Bewakoof has about 2 million followers on Facebook and around 1.5 million followers on Instagram. The customers can text directly to inquire about the product they liked, and order if they love it.

The customers are updated frequently about the shipping and the delivery date of the ordered product. They mainly focus on the women category as it has more reach compared to the men’s.

Crazy College campaigns and Celebrity Endorsements

Sanya Malhotra Bewakoof Endorsement

To capture the attention of the students, Bewakoof advertised their products by popular Bollywood stars. Bewakoof welcomed the Bollywood actor Sanya Malhotra into their family. Sanya Malhotra will be taking part in the next campaign.

Rajkummar Rao was also featured in their latest digital marketing campaign. Besides, the brand also offered freebie products for those college students who buy or promote Bewakoof T-shirts, which brewed a scuffle in the sales.

Top 8 Interesting facts about Dunzo you might not know about

From acquiring funding from Google to the partnership with PepsiCo. Here are some of the fascinating facts about Dunzo you might not know about.

StartupTalkyAbinaya Arangarajan

Conclusion

Bewakoof is all you need, if you are searching for clothes and accessories that are unique and fashionable, and also at an affordable price. The brand experiments into different stuff so that they produce unique products to the customers. The products are made by ordinary people with extraordinary ideas. Check their official account to know more about the products.

FAQ

What is Bewakoof?

Bewakoof is a fashion brand that has everything the new era needs, efficient, unique and stylish fashion wear. It was created with the notion of delivering the best and distinct fashion product at an affordable price to the coming age.

Who is the founder of Bewakoof?

Bewakoof’s CEO and Co-Founder is Prabhkiran Singh and the brand was set up in 2012. It was launched by Prabhkiran Singh and Siddharth Munot on 1 April 2012.

What is the tagline of Bewakoof?

Bewakoof is an Indian lifestyle fashion brand that was formed with the idea of producing efficient, unique and trendy fashion outfits for shoppers. “A Bewakoof follows his Heart ”, the tagline of Bewakoof, it’s for the people who want to try new things, not caring about other people’s talks.

September 25, 2021
Top 12 Lesser Known Facts about Sean Parker (Founding President of Facebook)

Born in Herndon, Virginia, a city, right outside Washington DC. On the 3rd of December 1979. The 41 years old is an American entrepreneur who made a fortune at the young age of 24, as a president at Facebook. Parker enjoys an expensive lifestyle. He has also come forward with his views opposing the tech giants’ algorithms for keeping us hooked in the drama-documentary the social dilemma. He is married to a singer, Alexandra Lenas, and has two children, Winter Victoria and Zephyr Emerson.

Peter Thiel on Parker:

“I’ve told Sean, he may be the long-lost grandson of Howard Hughes—a brilliant entrepreneur who is somehow transforming the United States and yet is not understood by society. Sean is one of the great serial entrepreneurs of his generation, someone who is really changing the world and turning the wheel of history.” – Peter Thiel

Here are some not so very well-known facts about Sean Parker:

Learning programming at a very young age
Hacking as a teenager
Co-founder of Napster
Founding President at Facebook
Stepping down from Facebook
Founded Airtime with Shawn Fanning
His wedding made headlines
Bringing Spotify to life
Bacchus House and Brody House
The Social Networking Site: Plaxoo
He rightly predicted the future of Facebook
Chairperson of the Parker foundation
FAQ

Learning programming at a very young age

He learned How to program while he was in second grade itself at the age of seven, by his dad on an Atari 800 computer. He was also an avid reader.

Hacking as a teenager

At the age of 14, when computers were gaining popularity around the 1990s, he became part of the underground community of cybercriminals. He left college for Silicon, met Shawn Fanning on a portal, and that led to the creation of Napster.

Hacking as a teenager. He was sentenced to community service when tracked by the FBI using his ISP as he was a minor. Sean Parker was just a teenager when he could hack into universities as well as companies.

Co-founder of Napster

He co-founded Napster with Shawn Fanning in 1999, at the age of 19. Napster was a file-sharing service, one of the fastest-growing as well as the most controversial businesses. Though it was not entirely legal, it changed the industry of music with how the globe consumes music. By the way, Napster did shut down eventually after several lawsuits were filed. With the downfall of Napster came a social networking site.

Founding President at Facebook

Sean Parker with Mark Zuckerberg

In 2004, he played an important role in designing, transitioning, and investing in the site’s early developing stages. He worked with Mark Zuckerberg and was his crucial mentor. He made his fortune at the age of 24 in billions as he owned the cache stocks in the Facebook. When Sean found out about the Facebook, he saw potential in its closely-knit community for college students. He got the co-founder of PayPal to invest in the Facebook, as it was formerly known. He believed in the potential of the site more than Zuckerberg, claiming it was the next big thing.

Stepping down from Facebook

For his partying habits, that did not remain a secret. Allegations were made, and Sean Parker was arrested a year later for allegedly possessing cocaine. No official charges were filed, but that meant saying goodbye to Facebook for Sean.

10 Interesting Facts about Jack Dorsey you probably didn’t know

Jack Dorsey is an American billionaire and founder of Twitter who often remains reserved about his life. So, here are 10 Facts about Jack Dorsey you probably didn’t know.

StartupTalkyPratyusha Srivastava

Founded Airtime with Shawn Fanning

Airtime

Partnering up with Shawn Fanning yet again in 2012. They launched a group video chat app which was similar to chat roulette. This service app was a flop. Their app Airtime was relaunched later in 2016 on both the platforms iOS and Android.

His wedding made headlines

In 2013 Sean married singer, Alexandra Lenas in a forest. It got everyone’s attention in the media. In the lavish wedding where he had over 364 guests, all of their clothes were designed by Ngila Dickson; she is costume designer for Lord of the Rings, with a nine feet tall wedding cake and a three-day wedding ceremony. Plus, he donated $1.5 million to the ancient redwood forest. The cost of the wedding was approximately $10 million.

Bringing Spotify to life

Sean Parker with Spotify Founder – Daniel Ek

Around 2006-2014, Sean was a managing partner at Theils Founder Funds. His interest in music led him to invest in Spotify. He served on Spotify’s company’s board until the year 2017 and played a major role in successfully bringing it to the market in US.

Unknown Facts about Satya Nadella you might not know about

We all know Satya Nadella as the Successful CEO of Microsoft but do you know he has worked 23 years in Microsoft before becoming the CEO. Check out more facts.

StartupTalkyPratyusha Srivastava

Bacchus House and Brody House

He paid a whopping $20 million for Bacchus House, NYC west village, which is known for its party-animal past in 2010. In 2010, Sean Parker bought Ellen DeGeneres Brody House for $55 million in Los Angeles. This property, among the others that he owns, is a nine-bedroom containing various pieces forming Parker’s Art collection. The house has a very clean, spacious and minimalistic look to it.

The Social Networking Site: Plaxoo

In 2009 Sean Parker launched Plaxo. Plaxo was a contact management startup. This website, too, was unfortunately shut down in 2017. After running for fifteen years of helping the people enrich their address books. Before shutting down the website, the website let its existing users download their data.

Sean Parker rightly predicted the future of Facebook

Four years ago. Back in the interview with Bloomberg Quicktake, he hinted at what might be ahead for Facebook and the next big thing and what it could end up owning in the future. Not only Sean Parker is well-read, but also has nuanced opinions on ranging topics apart from the tech industry.

Chairperson of the Parker foundation

He had mentioned back then that Life sciences was the next big thing for him. As a child, Sean would get asthma attacks which at times landed him in the hospitals Now is also a philanthropist, the head of the Parker foundation, and also donates to political candidates. With the key focus areas being life sciences, public health, civic engagement, and Art.

Even after failing multiple times, Sean has never stopped himself from doing the next big thing.

Top 9 Interesting Facts about Shein Founder – Chris Xu

Chris Xu is the founder and CEO of Shein. Here are some of the interesting facts about Chris Xu.

StartupTalkyAbinaya Arangarajan

FAQ

What is the net worth of Sean Parker?

The net worth of Sean Parker is 280 crores USD as of 2021.

What was the cost of Sean Parker’s Wedding

The cost of Sean Parker’s Wedding was approximately $10 million.

Who is the wife of Sean Parker?

Alexandra Lenas is the wife of Sean Parker.

September 13, 2021
Some Unknown Facts About Domino’s Pizza That will Amaze You

Domino’s Pizza Inc is an American multinational pizza restaurant chain founded in 1960. Today Domino’s Pizza is the second-largest pizza chain in the world and serves in 90 countries.

Domino’s Pizza is known for its superior taste and quality all over the world. The tangy pizza sauce and its cheesiest crust make people crave a sizzling hot pizza. Here are 15 super fun facts about Domino’s Pizza.

Domino’s was originally called "Dominick"
Million Ways!
Free Pizza- A dream come true
Vegan Pizza
Pepperoni- What’s that?
In the mountains
To the moon and back
No Pizza Today
30 Minutes Pizza Delivery is equal to Danger
Domino’s made a fully automated pizza delivery robot
The Love story
FAQ

Domino’s Interesting Facts

Domino’s was originally called “Dominick”

Domino’s logo

The chain was initially called “Dominick’s” after the founder Tom Monaghan and his sibling bought the ordinarily existing pizza shop in 1960 in Ypsilanti, Michigan. The first Domino’s Pizza store was opened on December 9, 1960.

Monaghan soon expanded the mini-chain by setting up two more pizzerias, besides the existing one in the country.

Dominos – A Curious Case Ctudy

Today, the fast food industry has now become our priority partner in every situation of life. Let use see the complete story behind the Dominos success story with the title- Dominos – A curious case study.

StartupTalkyYash Gupta

Million Ways!

There are more than 34 million distinct ways to make a simple Domino’s pizza. Domino’s double-cross World’s Fastest Pizza Maker Werner Lomker can make three enormous pizzas in 47.56 seconds.

Free Pizza- A dream come true

In March 2009, a glitch in code implied that around 11,000 pizzas were given out free of charge to buyers in Ohio and Kentucky.

Vegan Pizza

In 2013, a primary vegan domino’s pizza was made in Israel utilizing soy-based cheddar cheese for the gooey garnish.

Pepperoni- What’s that?

There wasn’t a word for a pepperoni in the Japanese language when the major Domino’s store was opened in 1985. So Domino’s had to create a word for pepperoni.

In the mountains

The most exceptional Domino’s pizza transport administration in Latin America is in Quito, Ecuador found 8,000 feet (2,438 meters) above ocean level. Quito in Ecuador is the most unusual city where pizzas are delivered. It is home to over a million individuals 8,000 feet situated in the Andes Mountains.

To the moon and back

Did you know that Pizza Delivery is equal to travelling to the moon? There is a great deal of driving associated with moving pizzas. But you might be wondering to what extent? It’s just about as much as making 41 excursions to the moon each week. And that is just in the USA.

No Pizza Today

Although it seems impossible, not getting any pizza orders would surely be a nightmare for Domino’s. But there was a day on which not even one order came to Domino’s! It was the day when the American football running back OJ Simpson was given a verdict.

30 Minutes Pizza Delivery is equal to Danger

The 30 minutes delivery or free guarantee was dropped by Domino’s because the pressure of quick transport caused numerous mishaps to the delivery workers.

Domino’s made a fully automated pizza delivery robot

The robot was named “DRU.” In 2016, Domino’s presented a fully automated pizza transport vehicle to the world. Called ‘DRU’ (Domino’s Robotic Unit), the little robot initially became animated in New Zealand and is a low-controlled broiler on wheels.

The Love story

The first delivery of Domino’s turned out to be romantic for the founder, Monaghan. He fell in love with the receptionist and married her shortly after that.

FAQ

Who is the founder of Domino’s?

Tom Monaghan and James Monaghan founded Domino’s in 1960.

What was the early name of Domino’s?

Domino’s was originally called DomiNick’s.

Where was the first Domino’s store?

The story of Domino’s began in 1960 by Tom and James Monaghan. They opened the first “DomiNick’s” store in Michigan, USA.

What is the revenue of Domino’s?

The revenue of Domino’s is 411.7 crores USD in 2020.

Who is the owner of Domino’s?

Bain Capital, Inc. owns Domino’s, as Domino’s sold 93 percent of the company to Bain Capital, Inc.

September 4, 2021