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  • Ownex – Simplifying Property Rentals Both for Owners and Tenants

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Ownex.

    Real estate market is fastly growing market. The market size of Real estate industry in India is expected to reach US$ 1 trillion by 2030. With the growth in market size, startups are coming up with real estate services to find solutions for different requirements of property services. Rental platforms are also growing subsequently. Owners and Tenants both need services for managing and finding properties respectively.

    Ownex is a Real Estate service provider that provides tech-enabled real estate rental platform for owners and tenants to get benefitted from. Read to know about Ownex, founders, services, and the startup story.

    Ownex – Company Highlights

    Startup Name Ownex
    Headquarters Mumbai
    Industry Real Estate
    Founder Mohd. Sajid, Muhammed Ali, and Pratik Mishra
    Founded 2022
    Website ownex.in

    Ownex – About
    Ownex – Vision
    Ownex – Core Belief
    Ownex – Industry
    Ownex – Founder and Team
    Ownex – The Idea and Startup Story
    Ownex – Service
    Ownex – USP
    Ownex – Name, Tagline, and Logo
    Ownex – Business Model and Revenue Model
    Ownex – Customer Acquisition
    Ownex – Challenges Faced
    Ownex – Marketing
    Ownex – Growth
    Ownex – Funding
    Ownex – Tools Used in the Company
    Ownex – Competitors
    Ownex – Future Plans

    Ownex – About

    About Ownex
    About Ownex

    Ownex is Mumbai’s 1st tech-enabled real estate rental platform that offers 15 Days Renting Guarantee along with free tenant replacement and complimentary property management solutions that help you maximize the worth of your home and enhance the quality of your lifestyle.

    They are an end-to-end tech-enabled real estate Property management solution. They manage residential rental properties. Get the best rent, expert maintenance and take care of tenant hassles throughout the life cycle of the agreement.

    They currently serve in Mumbai.

    Ownex Provide 2 set of service to their clients:

    1. Property management package for flat owner
    2. House finding package for tenant

    Ownex – Vision

    Ownex Handles Landlords Concerns about Tenants
    Ownex Handles Landlords Concerns about Tenants

    Company short term vision is to serve 400+ Clients and take 200+ Paid property under Management by April 2023.

    Ownex Vision is to make the average turn around time of tenant finding/property renting to 7 days and to onboard 10k paid property under management.

    Ownex – Core Belief

    They believe in solving the real issue in real estate rental transaction like:

    • Rental loss
    • Tenant replacement charges
    • Delay in renting
    • High brokerage

    Ownex – Industry

    Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 (Sources: ibef.org).

    Ownex aim at capturing a big opportunity in the O2O (offline to online) real estate services market.

    In India, about $32 billion (about Rs 2.27 lakh crore) of rent transactions take place annually and the brokerage opportunity of $3 billion (about Rs 21,300 crore) is expected to grow further as more consumers are inclining towards shared economy from asset ownership models. (Sources: Knightfrank.Com)

    Over 20 lakh houses in 12 Indian cities, including 5 lakh in MMR alone, are lying vacant because landlords are reluctant to let them out. Low rentals amounting to barely 2-5% of the flat cost, high transaction costs, brokerage and stamp duty are among the reasons, said a report released on Tuesday. (Sources: Royal Institution of Chartered Surveyors (RICS)).

    Mumbai has a large number of empty flats due to the following reasons:

    • Unsold stock of tier II builder flats (currently with the Builder)
    • Unsold stock of investment (currently with the Investor)
    • Vacant flats that the owner do not want to put on rent
    • Vacant flats that does not go on rent (variety of reasons: high rent/land lord issues/society issues, etc.)

    Ownex – Founder and Team

    Mohd. Sajid, Muhammed Ali, and Pratik Mishra - Founders of Ownex
    Pratik Mishra, Mohd. Sajid, and Muhammed Ali – Founders of Ownex

    Mohd. Sajid, Muhammed Ali, and Pratik Mishra are the founders of Ownex.

    They are a trio of Sr Manager, Manager and Associate. Whenever they got time they always discussed about the current and possible  upcoming challenges in this industry and the possible overcome they can suggest.

    They always discuss about the wrong move by few startups in this domain.

    There is one thing common in all 3 of them and that is the love towards the real estate industry.

    Mohd. Sajid: Co -founder and CEO

    Sajid has completed MBA in Marketing from SIBM and has 6 years of exxperience as senior manager in square yards and PMS vertical, Worked with company like Accenture, and MRF. He is a Visionary. His key skills includes Leadership, Marketing, Problem Solving, and Budget Management.

    Mohd Sajid take cares of all operations, Marketing and Business development, technology.

    Pratik Mishra: Co- founder and CCO

    Pratik Mishra handle  Field Sales and Supply addition.

    He has a Bachelors degree in Commerce from KJ Somaiya and an experience of 10 years in Business Development. He earlier worked with companies like Azuro, NJ Relocations, Exide Life Insurance. He is well versed in skills like Resilience, Active Listening, Rapport Building, and sales.

    Muhammed Ali: Co-founder and CFO

    Mohd Ali handles finance and Corporate. He is responsible for developer tie ups.

    He is a bachelors in Commerce with 8 years of experience in Business Development. He worked with companies CredR, Azuro, Justahome and few real estate developer. His key skills include Business Development, Collaboration, Negotiation & Persuasion.

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    Ownex – The Idea and Startup Story

    All the three founders being in the same industry for a very long time and worked on each level of this domain so they observed many startup has came to structure the real estate rental market but failed to do so and the reason they observed  are:

    • The solutions are not matching with the problems which are exist in the market
    • They never understand what clients need and expect from the startup
    • They are unable to tackle the local brokers
    • Their service level are not upto the marked

    They have observed the 3 major things which market needed very badly

    • They want to rent out their flat asap and don’t want Loss to their rental.
    • They don’t want to pay a replacement fee to the broker
    • Since tenant are moving very frequently, they don’t want to pay 1 month’s rent as brokerage especially without any add-on services.

    They have been researching on these issue for the last 3 year and they have interacted with more than 1000 flat owners and 500+ tenants.

    They Interviewed them and understand their pain point along with that they worked from the ground level i.e Field sales associate Till Regional Head in this industry so feel the pain of owner and tenant as well.

    Initially they talked about their solution with their old set of customers and NRI Clients and tell them what if someone provides these specific solutions to you and the response was very positive.

    Then they decided to Launch their Prototype in a specific location of Powai Hiranandani because Hiranandani projects has maximum number of high end investors and the response was awesome.

    Ownex Logo
    Ownex Logo

    Their Logo Reflect a Cut in a Circle which means Ownex assist its client to get relief and come out from their traditional way of renting and property management.

    Real estate is all about home and people always trust when they feel Apanapan because its about ghar. They chose the name ownex to give the feeling of Apna pan.

    Their tagline is “Simplifying property rentals”.

    Their tagline reflects their intention to make the process of rental transactions as simple as they deserve.

    Ownex – Service

    Ownex Services
    Ownex Services

    A flat owner can simple Sign up with Ownex through a E Service agreement if they have a requirement of tenant finding/ Property management service.

    Their PMS package includes:

    15 Days Renting Guarantee

    • Flat Service Fee of 25k
    • Free Tenant Replacement
    • Fair Market Rental
    • Background Checks of tenant
    • Legal Paperwork
    • Follow up on Rent Collection
    • Move in/Move out Audit with report
    • Furnishing Assistance
    • Monthly Rent and Deposit Collection
    • Handle Maintenance Call
    • Any Other Logistical Help
    • 24*7 Dedicated Property Manager

    A tenant can Simply Sign up with Ownex through a simple WhatsApp message.

    Their House finding Package include:

    • Curated Options
    • Pre-inspected flat
    • On Time Possession
    • Fair Market Rental
    • Dedicated RM Till Handover
    • Guided Site Visits
    • Fully Assisted Move in with report
    • Fully Assisted Move out with report
    • Free Maintenance Support
    • Flat service Fee of 25k
    • Deposit Refund Assistance with
    • Move-in and Move-out Report
    • Single POC

    Ownex – USP

    USP of Ownex services are:

    • No Brokerage just a Flat service Fee of 25k
    • Unlimited Free Tenant Replacement
    • 15 Days Renting Guarantee*
    • Complementary PMS
    • Experienced Team
    • Technology Advantage

    Ownex – Business Model and Revenue Model

    Ownex earns its revenue from various means which are:

    • They charge service fee from flat owner and tenant 25k each
    • They take a flat 2k commission on  each Leave and license registration from their registered vendors
    • They take 10% referral commission from fit-out and furniture vendors
    • They take 10% referral commission from their partnered packers and movers

    Ownex is a profitable startup.

    Ownex – Customer Acquisition

    Ownex acquired most of its customer through Google Ad, referral, and Social Media (LinkedIn, Facebook), and ¼ through real estate portals.

    Their Planned marketing Funda involves:

    Ownex – Challenges Faced

    Most Challenging part is to convinced the high end investor that their curated solutions will solve your problem since there are many firms and brokers who broke the trust of that investors.

    Their results reflect that they have overcome from these issue and still hustling.

    Ownex – Marketing

    Their free tenant replacement strategy give them daily 2-3 enquiry through organic marketing only.

    Ownex – Growth

    In just 90 days of Operation Ownex Achieved

    • 14 Lac+ Revenue
    • Completed  105+ Site Visit out of it 40℅ Are Virtual
    • Onboarded 30+ Paid Clients
    • Served 40+ Clients
    • Did Strategy Alliance with 1 Real estate Developer
    • Recognized By DPIIT
    • 5 Star Review on Google
    • 1 office in Mumbai

    They will be hitting 1 crore of revenue and  200+ paid properties under Management by April 2023.

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    Ownex – Funding

    Ownex is a bootstrapped startup. It has not received any funding yet.

    Ownex – Tools Used in the Company

    Some of the tools they use in the company are:

    • PMS Dashboard for flat owner
    • One Tap Service request raise feature for tenant
    • Ownex Prop to know last rental history

    Ownex – Competitors

    Local brokers is a tough competitor of Ownex.

    Ownex – Future Plans

    Ownex has future plans that includes:

    1. Corporate Tie ups with MNCs
    2. Developer Tie ups with Tier I and II Real estate developers
    3. Relocation Tie ups

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    FAQs

    Who is the founder of Ownex?

    Mohd. Sajid, Muhammed Ali, and Pratik Mishra are the founders of Ownex.

    When was Ownex founded?

    Ownex was founded in 2022.

    What are the services offered by Ownex?

    Ownex provide 2 set of services to their clients:

    1. Property management package for flat owner
    2. House finding package for tenant

  • Top 4 Best Cities for Emerging Startups in India 2022 | Startup Hubs in India

    A nascent stage startup is no different from a toddler—it needs to be nurtured with utmost care and conditioned for tackling the challenges that lie ahead. To provide this grooming, several cities in India are preparing themselves for incubating and bolstering entrepreneurial ventures.

    The global buzz surrounding the startup mentality has made it more important than ever to create a breeding ground for innovation and creativity, and it’s great to see that India is also taking this seriously. This has given rise to a number of startup hubs across the country, with the quantity increasing continuously.

    There has been a paradigm shift when it comes to the importance of 9 to 5 day jobs. Although many Indians still prefer such jobs over conceiving new ventures, some studies report that the number of startups in India has grown over 7 times in the recent decade. Are Indian’s ditching the traditional conception of employment? Quite likely a yes.

    According to the reports, the number of Indian startups in 2008 lingered at around 7000. A 2018 study estimated approximately 50,000 startups in existence across India. The startup culture in India has seen tremendous growth. According to a 2021 Global Startup Ecosystem Index by Startup Blink, three cities in India, Bengaluru, Delhi and Mumbai ranked among the top 20 cities globally.

    If one was to single out a specific brand or entity that paved way for entrepreneurship in India, it would be Zoho. Then known as AdventNet.inc, Zoho offers productive tools (Document processing, etc.). It began in 1996 and amplified the “startup” trend in India.

    Here is a list of some of the best cities for startups in India that are providing startups and initiatives to the pedestal to grow and make name for themselves. With the penetration of more international tech giants, most of these cities are changing into the IT hubs of India.

    Top 4 Startup Cities in India
    Emerging Startup Cities in India

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    Top 4 Startup Cities in India

    Bangalore

    Bangalore City
    Bangalore City

    Bengaluru, once known as the startup capital of India before it was dethroned by Delhi which added 5000 startups against 4,514 in Bengaluru from 2019 to 2021.

    Bengaluru has been the womb to big shots like Ola and Flipkart. The city houses various technical and analytical firms, an enticement for budding and established entrepreneurs.

    Rightly christened as the Silicon Valley of India, Bangalore is the perfect amalgamation of the corporate lifestyle and vibrant social life. Home to the country’s top technical and managerial institutions (IIM, Bangalore and IISC) and a strong industry connection, there’s no shortage of opportunities in this city. It is known as the best city for startups in India.

    Even freelancers across the country have an inclination towards working out of Bangalore; such is the lure of the city. Other countries are becoming cognizant of the strategic significance of this south Indian city—large organizations are adamant about having at least one of their offices in Bangalore. This creates an extensive network highly beneficial to ventures and initiatives seeking support and guidance.

    On the other hand, startups based out of Bangalore are expanding their operations and services beyond India. With the city in dire need of renovation and re-modelling (lack of space and water issues being some reasons for worry), the inevitable transformation of Bengaluru will open up new avenues for entrepreneurs. The city is also among the top IT startups in India.

    Delhi

    Delhi City
    Delhi City

    Delhi, the startup capital of India is the center of India that commands the respect of its own, Delhi is the seat of political power and this lends a greater hand to the startup ecosystem flourishing there. Having a stronghold in telecommunication and media, Delhi has been a destination for various entrepreneurship-related meetups and conferences, with the Government of India promoting and publicizing a majority of these events.

    The close vicinity to Delhi has enabled both Noida and Gurugram to establish themselves as startup hubs. A trade and commerce place historically, Delhi has seen the rise of tech startups such as Hike and Paytm, food tech startups like Zomato, and Shopclues belonging to the e-commerce segment.

    With booming infrastructure and ease of business, Delhi is counted among the top cities for startups in India where foreign behemoths like Samsung are exploiting Noida and Gurugram to the fallest; Samsung recently opened the “world’s largest mobile factory” in Noida. These regions entail a huge potential for growth along with a thriving network of investors and entrepreneurs. The presence of centres of excellence like IIT, DU and IIFT (to name a few) means there’s no shortage of expertise.

    Hyderabad

    Hyderabad city
    Hyderabad City

    Traditionally known as the city of pearls, this city in Southern India is witnessing a rise in foreign investments and the number of successful startups blossoming on its land. Hyderabad can be called the second IT hub of India after Bangalore.

    With many international giants like Microsoft, Google, and Uber setting up their offices in Hyderabad, the city is slowly yet steadily catching up with Bengaluru as a startup hub. Top institutes like ISB, IIIT, and BITS being located in Hyderabad is icing on the cake—alumni from these places are directly incubating their ventures in Hyderabad.

    The support from the State Government has encouraged entrepreneurs to make the best out of unrealized opportunities Hyderabad has on offer. The State Government is vesting time and money in organizing and setting up conferences, hackathons, state initiatives, and development centres—everything geared towards making Hyderabad synonymous with entrepreneurship. It is even slackening on policies and procedures to showcase the city as a favourable incubator!

    Mumbai

    Mumbai City
    Mumbai City

    The city of dreams, also the home to some of the world’s wealthiest businessmen, has only recently been dethroned by Bangalore when it comes to India’s favourite startup destination. Mumbai is still the first choice for anyone who is into non-technical startups as it is India’s financial capital.

    One of India’s most recognized institutions, IIT Bombay has been instrumental in cultivating the startup ecosystem across the nation, being the birthplace of many wildly successful startups. Moreover, alumni from this esteemed college have gone on to make name for themselves across countries through their initiatives. It’s a proud feeling to say that many globally recognized brands are the outcomes of the toil put in by IIT Bombay grads and post-grads. It is among the best cities for startups in India.

    BookMyShow, JustDial, and Cleartrip are only scratch the surface of the plethora of startups to have emanated from this sea-facing city. With conglomerates like L&T and Tata group setting up their offices in Mumbai, the financial hub has seen a steep growth in the economy, employment, and business. But the rising cost of living and real estate in Mumbai has caused a few unicorn enterprises such as Ola to shift base. In spite of such issues, Mumbai will continue to dominate the entrepreneurship segment, come hell or high water.

    Emerging Startup Cities in India

    With big cities gradually losing their shine and attraction, many emerging startups are focusing on tier 2 cities for growth and sustenance. Some cities have seen a surge in entrepreneurial activities and have made it big in the last 3-4 years. Some of the emerging startup cities in India are:

    • Ahmedabad
    • Gurugram
    • Pune
    • Chennai
    • Kolkata
    • Nagpur
    • Chandigarh
    • Indore
    • Goa
    • Bhubaneswar
    • Lucknow
    • Surat

    The Government setting up a tech park called GIFT City in Ahmedabad-Gandhinagar, Pune becoming a smart city, and Chennai emerging as a host to entrepreneurial discussions and events—smaller cities are gaining traction. Cheap land rates, low cost of living, remarkable talent yet to be utilized, and lucrative government policies have made these cities the future of the Indian startup ecosystem.

    FAQ

    Which city has the most startups in India?

    Delhi has dethroned Bengaluru and now ranks in the first position for the most number of startups in India.

    Which city is known as the startup capital of india?

    Delhi is known as the startup capital of India.

    Which is the best city for startups in India?

    Some best cities for startups in India are Bengaluru, Delhi, Mumbai, Gurugram, Hyderabad, Noida, and Pune.

    What is the best city to start a business in India?

    Mumbai, Delhi and Bengaluru are some of the best cities to start a business in India.

  • Top 21 Startup Incubators & Accelerators in Mumbai

    We believe that every startup has a unique journey to pursue, which is based on the idea that requires a right push in the right way. Regardless of the stage, your startup is in, it requires significant guidance to move forward and have successful accomplishments. We have attempted to make a List of Incubators and Accelerators in Mumbai that would help you in making the right choices for your business.

    Mumbai isn’t just the well-off city, but the Economic Hub of India, that has various Industrialists, CEOs, Entrepreneurs, Well-known companies, Directors, Producers, Artists, and what not! The place ‘Mumbai’ has its own culture and architecture that makes it the spot of tourist attraction. Well, a place that is full of life and energetic minds, requires a mentor and a financial supporter for building up the initial base of the dreams.

    List of top 21 Incubators & Accelerators in Mumbai

    1. Rise Accelerator
    2. UnLtd India
    3. Espark Viridian
    4. Venture Catalysts
    5. Society for Innovation and Entrepreneurship (SINE)
    6. Amplifi Asia
    7. ISDI Creative Accelerator – Microsoft Ventures
    8. Zone Startups India
    9. Z Nation Lab
    10. Startupbootcamp FinTech
    11. ScaleMinds
    12. MITCON Technology Business Incubator Centre
    13. NASSCOM 10000 startups
    14. Science and Technology Park (Scitech Park)
    15. ISME ACE Accelerator
    16. JioGenNext
    17. YES Fintech
    18. ThinQbate
    19. Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)
    20. Centre for Incubation and Business Acceleration (CIBA)
    21. Venture Nursery

    Conclusion
    FAQs

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    Rise Accelerator

    Rise Accelerator - Startup Accelerator in Mumbai
    Rise Accelerator – Startup Accelerator in Mumbai

    Being India’s first FinTech Accelerator Program, Rise was created by Barclays in partnership with the Zone Startups. It has an intensive 18-week cohort-based program that offers a wide community to interact and collaborate with. It assists companies to gain major milestones throughout the journey. If you are working on building an amazing solution based on finance, cyber security, data analytics, cryptocurrency, wealth management, insurance and digital banking then this is the place you can consider looking into.

    Rise Accelerator offers:

    • Mentorship.
    • Introduction to key industry experts.
    • Access to Barclays technology, insight and expertise.
    • Access to Global Community.
    • Industry Connections.
    • Investors Access.

    UnLtd India

    UnLtd India - Startup Incubator in Mumbai
    UnLtd India – Startup Incubator in Mumbai

    With a view as to how the socio-economic problems hinder the growth of the country and the economy at large, UnLtd India acts as a launchpad for zealous individuals whose potential ideas can be a solution to the prevailing socio-economic problems. Their major focus is on early-stage social entrepreneurs to help them with providing opportunities and accelerate the growth of their organisation that can have a huge impact on society. If you are an Individual with an innovative Idea that can have a positive and sustained Impact at a large scale, therein open to feedback and Incubation, then this is the right place for you to pitch in.

    UnLtd India offers:

    • Piloting and building the idea.
    • Personalized Coaching.
    • Workshops & Training.
    • Networking & Impact measurement.

    Also Read: 21 Amazing Startup Incubators & Accelerators in Bangalore

    Espark Viridian

    Espark Viridian - Startup Accelerator in Mumbai
    Espark Viridian – Startup Accelerator in Mumbai

    Espark Viridian Ventures supports early-stage as well as growth-seeking startups as a business accelerator across India. Their main idea is based on how they shape the mindsets that in turn shape the entrepreneur in you. With accelerating more than 340 startups, they are playing a major role in the Indian Startup ecosystem. The most unique feature in their program, that sets them apart from others is ‘Enablement’, wherein an Enabler (Startup Coach) is assigned to each startup throughout the journey of the startup in the course.

    Frequip, Oranjtag, Carpiko, Garam Box, Findmedz, etc. are some of the startups that gained support from Viridian Ventures in their journey.

    Espark Viridian offers:

    • Infrastructural Support.
    • Workshops and Events.
    • Networking opportunities in global markets.
    • Mentors & Trainers.

    Venture Catalysts

    Venture Catalysts - Startup Incubator in Mumbai
    Venture Catalysts – Startup Incubator in Mumbai

    It is one of India’s Top Startup Incubator which is widely known for its integrated approach. The approach offers mentorship, funding, networks of successful founders, product experts and unicorns. It invests in the range of $500 to $1 million, with its wider presence across India, Dubai, UAE and Hongkong. Some of its Incubated Startups – Lenden, Purple Style Labs, Inc42, Supr, Flickstree, Cleardekho, Beardo, Chai Break among many.

    Venture Catalysts offers:

    Also Read: Top Angel Investors in Mumbai [With Contact]

    Society for Innovation and Entrepreneurship (SINE)

    SINE - Business Incubator in Mumbai
    SINE – Business Incubator in Mumbai

    To encourage and develop tech startups, SINE was established as an umbrella organization at IIT Bombay to provide support to tech-based entrepreneurs and ventures. It acts as an incubator and accelerator to startups and helps them in their journey to scale up their business.

    Their portfolio comprises various startups with sectors Cleantech, Fintech, IoT, IT/ICT, Medtech, and others. Acuradyne Systems, Ayati Devices, Bellatrix, Ayu Devices, Connect Plus, Chainworks Digital, Inphlox Water Systems, Navork Innovations, etc. are some of the startups showcasing in their portfolio.

    SINE offers:

    • Government collaboration.
    • Industry-level training from experts.
    • Product development & Manufacturing.
    • Up to 3 years incubation support.
    • Electronics & Prototyping.
    • Access to SINE Labs.
    • Infrastructural & Tech support.
    • Business Network.

    Amplifi Asia

    Amplifi Asia - Accelerator for SaaS Startups
    Amplifi Asia – Accelerator for SaaS Startups

    Being positioned as Asia’s leading enterprise tech, SaaS dedicated venture accelerator, Amplifi Asia provides a holistic and magnificent ecosystem for tech startups in Asia. With a hands-on team of successful leaders and experienced entrepreneurs, it tends to provide support to the early-stage ventures in their journey of establishment and Growth. Regions that are mainly focused on them are India, Singapore, Hong Kong, Taiwan and Israel. Being dedicated to tech-based startups with the main highlights of AI, Blockchain, IoT, AR and VR are of major concern. They have a wide range of partner networks including Google cloud platform and AWS. The alumni startups of Amplifi Asia are Tellofy, Travdots, Varsito, Keito, Dave.ai, Superwise among many others.

    Amplifi Asia offers:

    Also Read: 5 Factors to Consider while choosing a Startup Incubator

    ISDI Creative Accelerator – Microsoft Ventures

    ISDI Creative Accelerator, powered by Microsoft Ventures
    ISDI Creative Accelerator, powered by Microsoft Ventures

    An interdisciplinary accelerator program designed by the Indian School of Design and Innovation (ISDI) and powered by Microsoft Ventures. Their main aim is to create a collated environment of academics, entrepreneurship, industry and capital with an understanding of design thinking. It will provide an opportunity for budding entrepreneurs to launch/restructure their business with an intensive 6-month program. It would mainly comprise technology, design and business innovation.

    ISDI Creative Accelerator offers:

    • Access to business support partners.
    • Mentoring & Guidance.
    • Support in design strategy and branding.
    • Capacity building.
    • Funding support.
    • Investors’ Connection.

    Zone Startups India

    Zone Startups India - Accelerator in Mumbai
    Zone Startups India – Accelerator in Mumbai

    Zone Startups, a Startup accelerator spread across the world, offers strategic guidance to accelerate the market validation of the startups. In addition to providing seed capital and post-funding support, Zone Startups also focuses on networking, customer acquisition, and consulting practices. With a wide range of business experts and mentors, startups can gain in-hand knowledge on various aspects of the business. The focus on sectors is widely spread to Data Analytics, Education, Enterprise, Financial, Health, IoT, Media, and Social.

    Its portfolio includes- Actofit, Advenio, Aasaanpay, Difin, Dive, Genecorp, Plackal, Sherelt, Uberlit, Zybra and many more.

    Zone Startups India offers:

    • Workspace.
    • Access to cloud credits.
    • Marketing and promotional opportunities.
    • Funding.
    • Meeting sessions.
    • Networking opportunities.
    • Business development counselling.

    Also Read: Top 10 Startup Incubation Centers in India

    Z Nation Lab

    The Z Nation Lab recognizes all that is needed to run a startup and tends to achieve success with its strong value proposition to lead the startups to reach the growth stage. With a foothold in the Indian market and presence in Silicon Valley USA, Z Nation lab provides access to global markets and the community. They do not only help in making strategic decisions, scaling up technology, structuring a team, market analysis but also gear up to aid in raising the next round of funding. They are not particular about the kind of sector or industry that the startups focus on, but it is more of being innovative and providing technological solutions to solve real-world problems.

    The portfolio includes Hiotify, GetParking, Knight Fintech, Office Pulse, ONN among many.

    Z Nation Lab offers:

    • Access to the global community and global market.
    • Helps in raising the next round of funding.
    • Business and Tech support.

    Startupbootcamp FinTech

    Startupbootcamp FinTech - Accelerator in Mumbai
    Startupbootcamp FinTech – Accelerator in Mumbai

    With more than 870 startups accelerated, Startupbootcamp provides invaluable support and guidance in the journey of early-stage tech ventures. They have accelerator programs spread across Amsterdam, London, New York, Singapore, Australia, and many others, thus providing access to the global community and market. They work with many leading brands like Intel, Cisco, Mastercard, Deutsche Bank, Airbus Group, Google Cloud, and many others.

    Startupbootcamp offers:

    • International Networking to mentors, investors, and partners.
    • Business & Tech Support.
    • Funding.
    • Events & Conferences globally.

    Also Read: 16 Fascinating Coworking Spaces in Mumbai

    ScaleMinds

    ScaleMinds - Startup Accelerator in Mumbai
    ScaleMinds – Startup Accelerator in Mumbai

    It is a business development driven accelerator for high growth startups. With a major focus on seed funding, it offers an on-site accelerator program for about 16weeks. They invest up to INR 10 Lakhs along with other benefits like server credits, workspace etc.,

    ScaleMinds offers:

    MITCON Technology Business Incubator Centre

    MITCON - Startup Incubator in Maharashtra
    MITCON – Startup Incubator in Maharashtra

    Being promoted by MITCON Consultancy & Engineering Services Ltd., MITCON TBI is sponsored by the Department of Science and Technology, Government of India. It is concentrated on various disciplines in Biotechnology, Agriculture, Food Processing, and Pharmaceutical. As a TBI, the incubator centre focuses on rural entrepreneurship that would lead to boosting the economy of the country.

    MITCON Technology Business Incubator Centre offers:

    • Consultancy & Training.
    • Tech and Business support.
    • Specialized services to Biotechnology & Agriculture SMEs.
    • Workspace & Information centre.
    • Computing facilities.

    NASSCOM 10000 startups

    ASSCOM 10000 startups - Startup Incubator in Mumbai
    NASSCOM 10000 startups – Startup Incubator in Mumbai

    NASSCOM aspires to build and nurture the Indian Startup Ecosystem via various programs under them. They have programs relating to Incubate, Virtual Incubate, NIPP (NASSCOM Industry Partnership Program), and Integrate (Global Acceleration). It is associated with esteemed funding partners which include CrunchBase, Nexus, Indian Angel Network, etc.

    Some of their startups include Asksid, Headway.ai, Bigtrade, Bombay Play and many more.

    NASSCOM 10000 startups offer:

    • Community connect.
    • Challenges and Hackathons.
    • Mentors and Evaluators.
    • Consulting sessions.
    • Startup Kits.

    Also Read: Top Startups & Entrepreneurs in Mumbai

    Science and Technology Park (Scitech Park)

    Scitech Park - Startup Incubator in Maharashtra
    Scitech Park – Startup Incubator in Maharashtra

    Being one of the leading Entrepreneurship parks, Scitech is supported jointly by the NSTEDB, Department of Science and Technology, Government of India, and Savitribai Phule Pune University. The primary aim of this park is to provide aid to innovative and tech-based startups in various areas which include Pharma, Biotechnology, Foodtech, Agriculture, Cyber Security, IT, Cleantech, etc. It had established an independent Business Incubator “Growth Lab” to support startups in their journey of growth.

    Some of the incubated companies include – GisDox, Toshvi, Relationware, iZone Technologies, VB Infotech among many.

    Scitech Park offers:

    • Incubator management.
    • Mentoring.
    • Access to a wider network.
    • Legal & accounting assistance.

    ISME ACE Accelerator

    ISME Ace - Startup Accelerator in Mumbai
    ISME Ace – Startup Accelerator in Mumbai

    It is one of India’s largest Fintech Accelerator, with a major focus on early-stage ventures. It assists startups in developing a scalable business with real customer data. It is part of India’s largest Innovation & Entrepreneurship Ecosystem which is designed for developing India’s financial services sector.

    ISME ACE Accelerator offers:

    • Seed Funding.
    • Media Exposure.
    • Investor network support.
    • Mentorship support.
    • Access to financial services partner firms.
    • CFO & Legal support.

    JioGenNext

    JioGenNext - Startup Accelerator in Mumbai backed by Reliance Industries
    JioGenNext – Startup Accelerator in Mumbai backed by Reliance Industries

    Reliance Industries backed accelerator, JioGenNext provides an extraordinary platform for startups to flourish in the Jio ecosystem. It aims to help the young-minded and enthusiastic technopreneurs with a spark to achieve growth with speed, scale, and sustainability that is incomparable.

    Apiria, Ayasta, Fingage, Payeasy, Zoapi, Puzzelo, Pioctave, Mozzo, etc. are some of the startups that accelerated.

    JioGenNext offers:

    • Mentoring & Guidance.
    • Networking.
    • Business & Tech assistance.

    Centre for Incubation and Business Acceleration (CIBA)

    CIBA - Accelerator in Mumbai
    CIBA – Accelerator in Mumbai

    Being supported by the Department of Science & Technology under the Startup India Action plan, CIBA acts as a support system for startups in their journey of establishment. From consultation to seed funding and growth acceleration, CIBA aims to provide a collaborative environment to the entrepreneurs and build the startup ecosystem.

    CIBA offers:

    • Workspace facilities.
    • Prototyping lab.
    • Management and Networking support.
    • Business plan assistance.
    • Seed funding.
    • Mentoring & Training programs.
    • Professional support services (CS, CA, Legal, Branding).

    YES Fintech

    YES Fintech - Accelerator in Mumbai
    YES Fintech – Accelerator in Mumbai

    A platform comprising of YES Bank and Fintech startups that aims to create and develop innovative solutions for the market. Their major focus areas include Digital Payments, Cybersecurity, Big data & Analytics, Digital Banking, Lending, Wealth tech and process automation.

    YES Fintech offers:

    • Funding Access & Mentorship.
    • Digital Banking Tools.
    • Customer Access.
    • Global Market.

    ThinQbate

    ThinQbate - Incubator in Mumbai
    ThinQbate – Incubator in Mumbai

    ThinQbate, a startup incubator, provides an ecosystem to entrepreneurs filled with knowledge sharing, infrastructure, vast community, and capital adding value to the business. With the partnership with Hatcher+, a data-driven venture firm that uses machine learning and AI to identify early-stage opportunities, Thinqbate will be helped by them as a significant role in the funding process. Startups include- Calamus, NapNap, Redesyn, Loyalty, Taleho, SuperFan, Physiz, etc.

    ThinQbate offers:

    • Training & Mentoring.
    • Access to a vast community.
    • Infrastructural support.
    • Backend operations.
    • Legal & tax assistance.
    • Follow on investment opportunities.
    • Business development support.

    Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)

    SPJIMR plays an important role in promoting entrepreneurship and thereby setting up an Incubation centre that helps startups in venturing in the right direction. It is envied for providing opportunities to SPJIMR students, alumni, and faculty. The assistance provided by this centre will help startups achieve various milestones in their journey.

    SPJIMR offers:

    • Mentoring & Training.
    • Business-related assistance.
    • Access to potential investors & VCs.

    Venture Nursery

    Venture Nursery, India’s first angel-backed startup accelerator, is based on the belief that the success of noteworthy startups plays an important role in the ecosystem. It tends to undertake various mentoring roles and training that would help the entrepreneurs with all the needed support like infrastructural, learning, etc.

    Its portfolio includes Talview, Oyo rooms among many.

    Venture Nursery offers:

    • Connect to various Angel investors and Industry experts.
    • Access to business support partners.
    • Assistance in building a business plan.
    • Infrastructural support like working space.
    • Helps with legal compliances.
    • Intellectual property management.

    But this accelerator is not active anymore.

    Conclusion

    This was our list of Incubators & Accelerators in Mumbai. If you are not among them, then connect with us at shubham@startuptalky.com to get featured in the list.

    FAQs

    What are Startup Incubators?

    Startup Incubators are the organization that help newly found and early-stage startups to scale their business.

    What does a startup incubator do?

    Startup incubators help entrepreneurs grow their business by providing workspace, seed funding, mentoring, and training.

    What is Startup Accelerator?

    Startup Accelerator is the combination of two words – Startup and Accelerator. A startup is a newly established business whereas an accelerator is either a person or an organization that causes something to happen or develop more quickly.

    So when combined together, startup accelerators are the organizations that support early-stage, growth-driven companies through education, mentorship, and financing.

    What is the difference between an incubator and an accelerator?

    In simple words, Accelerators focus on scaling a business while incubators focus on innovation.

    Should you join a Startup Incubator or Accelerator?

    Startup Incubator or Accelerator helps the startup at the initial stage to take their business to a higher level. They provide guidance, mentoring, funding, infrastructure, coworking space, investors, etc. to startups in order to scale their business. They can be a good source of advice for early-stage startups.

    Which are the top startup incubators and accelerators in Mumbai?

    Here’s the list of top startup incubators and accelerators in Mumbai.

    • Rise Accelerator
    • UnLtd India
    • Espark Viridian
    • Venture Catalysts
    • Society for Innovation and Entrepreneurship (SINE)
    • Amplifi Asia
    • ISDI Creative Accelerator – Microsoft Ventures
    • Zone Startups India
    • Z Nation Lab
    • Startupbootcamp FinTech
    • ScaleMinds
    • MITCON Technology Business Incubator Centre
    • NASSCOM 10000 startups
    • Science and Technology Park (Scitech Park)
    • ISME ACE Accelerator
    • JioGenNext
    • YES Fintech
    • ThinQbate
    • Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)
    • Centre for Incubation and Business Acceleration (CIBA)
    • Venture Nursery

  • What is the Megacity? – Mukesh Ambani’s $75 Billion Project

    The popularity of Jio isn’t something hidden! We are well-familiar with the immense success of Mukesh Ambani’s Reliance Jio. After establishing its strong position in networking, Mukesh Ambani now aims for building an extremely advanced city near Mumbai, the Megacity. The city is expected to have great features and be entirely modern.

    Currently, Mukesh Ambani, and the team are working on the blueprint of the company. This megacity is set with an approx. investment of $75 billion in the upcoming decade.

    This project has been approved by Reliance Industries (RIL) which is acting as the special planning authority. Reliance Industries will be managing this project and also, supervise the administration of the city. This project will be cutting out the red tape, transaction time, and cost of the project.

    This megacity includes the territory owned by Navi Mumbai Special Economic Zone (NMSEZ), which is around 4,300 acres. This specific land connects with the Jawaharlal Nehru Port Trust and to the construction of the new airport project.

    By March 2021, Reliance Industries signed a mutual memorandum understanding with the NMSEZ on the land lease contract and also, the development rights with the preliminary payment of Rs. 2,180 crores.

    The project, Megacity, is set up to achieve the immense goals of uplifting the urban infrastructure as being established by a private sector player for the first time in modern India.

    Reliance Industries signed the official memorandum of understanding with the Maharashtra Government in order to formulate an economic center at a global level. This would further include the world’s top-notch integrated digital along with the services industrial areas in the form of a global alliance.

    Dhirubhai Ambani’s Dream City
    Modifying urban infrastructure
    FAQ

    Dhirubhai Ambani’s Dream City

    The concept of establishing a megacity near Mumbai isn’t a new idea by the Reliance Group of Industries. In fact, when we dug up some history behind this project, it was discovered that it was the dream of Dhirubhai Ambani, the legendary founder of the Reliance Group of Industries.

    Dhirubhai Ambani wanted to establish a city with the advancement of the World level, near Navi Mumbai. He first came up with this idea in the early 1980s, when he brought up a project for connecting South Mumbai with Navi Mumbai by road. This project was very well received and would have decongested Mumbai long ago.

    Ambani began executing this project in 2005 when he allied with Nikhil Gandhi, founder of SKIL Infrastructure. Together they planned for the formulating an SEZ on mega Chinese SEZs lines. Nikhil Gandhi had been acquiring lands since early 2000. Many sources also mentioned the connection of Tata Group with the SEZ project, but this was eventually outwitted by Ambani who always wanted to work with SEZs.

    Ultimately in 2018, the government of Maharashtra permitted the SEZs under Maharashtra Industrial Policy to migrate to various melded industrial areas for marking the available lands for industrial units. Later on, the Navi Mumbai SEZ (NMSEZ) applied for consent to modify the SEZ into the Integrated Industrial Area and received it as well, based on its policy.

    This mega project, initiated by Ambani is expected to grow into an extremely successful project just like the remarkable success received by Reliance Industries with its several projects including the Jio and Jamnagar refinery. It would be Supreme, especially in terms of excellence and affordability.

    As the government of Maharashtra has already approved the establishment of the Navi Mumbai sea link project that would connect South Mumbai directly to Larsen & Toubro and Tata Projects.

    Alongside, the project of establishing a new airport by the GVK-led consortium. Both these projects will be running simultaneously and would offer the connection of industrial township, owning 15% of total land area for the residence and the rest for industrial purposes.

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    StartupTalkyAlan Joseph

    Modifying urban Infrastructure

    Ambani’s plan for the megacity project is very exclusive and advanced. He ought to build up a never-seen-before infrastructure, similar to its former Jio redux- which kept the whole of India wondering!

    According to experts, this megacity project holds the potential to succeed like Reliance Jio, in an extraordinary phenomenon. This exclusive project by Reliance Industries will be opening new levels of transformation in the urban culture and its infrastructure, in India.

    Moreover, this is expected to enrich the top real estate analyst, stating this project will lead to overturning migration. This is because the property prices in the megacity will be lesser than in Mumbai. That’s why people would seek more such openings!

    Besides, the most intriguing part of this megacity project is that Reliance Industries will not only establish this city but also, work on its administration and also, govern it.

    Reliance has been given the special planning authority license for embarking on this. Ambani would be cutting down the costs by eliminating the transaction time and red tape. More simply, this project aims to achieve drastic changes and modifications in the urban infrastructure.

    Conclusion

    Mukesh Ambani took towards Dhirubhai Ambani’s dream city, by working on a special project of establishing a megacity near Navi Mumbai. Ambani has fetched an investment worth $75 billion for this project.

    As approved by all the authorities, Reliance Industries is working on the Blueprint, and soon, they will get on with the construction. This megacity project is functioning exclusively with massive advancement in the urban infrastructure in India.

    This would be totally cost-effective and would present properties with affordable rates. Megacity is the initiative to build India with an abundance of technology and modern infrastructure. Stay tuned for more updates!

    FAQ

    What is the total investment of Mukesh Ambani’s megacity?

    The project is expected to draw in as much as $75 billion in investments over the next ten years.

    What is the location of Mukesh Ambani’s Megacity?

    The megacity will be located in the in the vicinity of Mumbai.

  • LabelBlind: Mumbai- Based First Food Rating System In India

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by LabelBlind.

    A growing number of Indian consumers now prefer to go for healthy options when it comes to buying food items. A survey by IPSOS, a Global Leader in Market Research, found that 91% of Indians opt for healthier alternatives when it comes to snacking. Again, Indian Health Food Market which is currently 10% of the total Food Market is also growing at a rate of 35%. However, despite all this growing concern for eating healthy, choosing a healthy food items that has high nutrition is not easy. While the nutritional labels on the food packets are meant to reveal the nutritional value of the food and thus the health benefits of that particular food product, comprehending the nutritional labels is not a simple task either.

    Technical information declared on food labels stating complex ingredients, nutrition facts, and daily recommended values, serving sizes, allergens and more leave consumers overwhelmed. This leads them to make uninformed and unsafe choices that often serve contrary to their desire for choosing food that promotes good health and well-being. As a Nutrition Science and Food Label Expert Rashida Vapiwala was well aware of this problem that Indian consumers has been facing, and she came up with a solution for the same with her startup LabelBlind- India’s 1st Food Rating System. LabelBlind lists over 8000 food products across 120 categories and rates them on a scale of of 1-5 based on key nutritional parameters to help you make informed decisions when it comes to buying packaged food items. We interviewed LabelBlind founder Rashida Vapiwala to know about the services and operations of the startup.

    LabelBlind Highlights

    Startup Name LabelBlind
    Headquarters Mumbai
    Founder Rashida Vapiwala
    Industry HealthTech
    Founded 2018
    Parent Organization The Nutrition Alchemy
    Website labelblind.com/

    About LabelBlind
    LabelBlind – Founder & Team
    The Idea Behind Starting LabelBlind
    LabelBlind – Name & Logo
    LabelBlind – Business Model
    LabelBlind – Marketing Strategies
    LabelBlind – Challenges
    LabelBlind – Growth & Future Plans
    FAQs

    About LabelBlind

    LabelBlind is a nutri-tech platform and is driven by the purpose of creating Nutrition Literacy by democratizing the principles of Nutrition Science. The platform reviews and rates food products to guide consumers to make smart food choices that support good health and well being. The rating is based on a proprietary nutrition assessment tool that takes into consideration 43 vital nutrition parameters and is guided by the principles laid down by FSSAI, USFDA and WHO. LabelBlind has 8000 products listed, across 120 categories. Further, LabelBlind customizes product recommendations based on user health profiles. The digital platform is free-to-use for consumers and collaborates with the Food Regulator and Food Businesses to design nutrition solutions to impact food consumption habits. Speaking about LabelBlind’s vision, Rasheda Vapiwala says,

    “We believe that chronic diseases are not to be blamed on genetics alone; but are a result of poor food choices that must be corrected through nutrition literacy. At our company, The Nutrition Alchemy (Parent Company  of LabelBlind), we work towards a day where such diseases are wiped off the face of the planet. We are inspired by the vision of a healthier India, where citizens are empowered to make informed and mindful choices of what they eat, to keep themselves emotionally and physically healthy, with less dependence on curative interventions.”

    LabelBlind – Founder & Team

    LabelBlind founder Rashida Vapiwala is an expert nutritionist. She has a vast experience of working in areas like Health Awareness, Food & Nutrition, Health Promotion Activities (Engagements), Food Labeling Solutions and Nutrition Profiling Of Food Products.

    LabelBlind Founder, Rashida Vapiwala
    LabelBlind Founder, Rashida Vapiwala

    Rashida is a PhD scholar with a Master’s Degree in Food and Nutrition from The University of Mumbai. She is currently researching on “the relationship consumers have with food products and brands”. She has networks with Food Practitioners from across the world to practice learning from scientific discoveries. Rashida was Awarded the Junior Research Fellowship by the University Grants Commission, India and the Dr K.U.Naram award for a distinguished performance in academics at post-graduate level.

    Rashida has been felicitated with respectable certifications, like

    1. Micronutrient and Food Fortification Training Program – Project Healthy Children (PHC) & Global Alliance for Improved Nutrition (GAIN), USA.
    2. Food Safety Supervisor –  Food Safety and Standards Authority of India.
    3. Nutrition & Chronic Disease Research Methods – Centre for Chronic Disease Control & PHFI.
    4. Nutrigenomic Counsellor – DNALife, South Africa and Genombio Technologies pvt ltd., Pune.
    5. Nutrition for Exercise and Fitness – University of Mumbai.
    6. Nutrition Research Methods – St. John’s Research Institute, Bangalore, India in collaboration with Harvard University, USA and Tufts University, USA.

    LabelBlind team comprises professionals from the fields of Nutrition, Consumer Marketing and Developers.

    The Idea Behind Starting LabelBlind

    An experienced nutritionist Rashida, could see that there are many loopholes that requires attention when it comes to nutrition in India. Rashida and her team did much research on the nutritional awareness and requirements of the Indian population to get the required inputs to develop LabelBlind.

    Initially, 100 consumers were contacted in the city to ask them about comprehension of food labels and the importance of the information in making smart food choices. Results were eye-opening:

    • 58% find nutrition labels complex
    • 84% agree that nutrition labels influence choice of food products
    • 95% believe simplifying nutrition labels will be valuable to making good choices

    Other compelling considerations that the team came across includes-

    • India’s World Health Ranking – 120 (out of 169 countries) – Bloomberg Ranking
    • 43% have a skewed BMI
    • 30% have a Diabetes risk
    • 30% have a Hypertensive risk
    • Almost half of daily calories (47%) are derived from carbohydrates with the numbers going as high as 70% in rural areas. Just 7% of daily calories coming from Protein as compared to the recommended 29%
    • The average consumption of calories from fruits is less than 40% of what EAT-Lancet recommends.
    • In general, Indians consume more of the unhealthier saturated fats like palm oil. The consumption of vanaspati (partially hydrogenated vegetable oil*) is known to have risen by 51% between 1993 and 94 and 2011–12.
    • 30% of the diet of rich urban people consists of processed foods. An average Indian household consumes more calories from processed foods than fruits.
    • Overall, dietary risks were responsible for 22% of all deaths and disabilities amongst adults.

    The above data clearly shows that the majority of the Indians have one or the other health hazard or many are at risk to develop ailments owing to wrong eating habits. Rashida knew that a huge difference can be made by helping and guiding the Indians to buy the right kind of packaged food items, that are healthy and have high nutritional value, which made her start ‘LabelBlind’ as a platform to simplify the comprehension of nutritional values of food for consumers.

    The product has had an extended test-run of over a year and has been validated for feedback from 30 leading food companies, nutritionists and the regulator itself. The response has been encouraging, translating into strong word of mouth for the company, and keen interest of stakeholders in the data intelligence and its application to industry practices and regulation policies.

    The company takes pride in its association with FSSAI on strategic areas of food regulation and strengthening the ecosystem of food regulation. It is a validation of the solution and its robust processes of nutrition assessment.

    Most of the consumers are almost like blind when it comes to reading the nutritional labels on food packets, as they cannot comprehend the nutritional labels properly. The name ‘LabelBlind’ is derived from this very problem faced by the consumers. As Rashida Says about the idea behind the name,  

    “Food Labels on product packs are blind spots for consumers. We equate it to buying products being blindfolded, little knowing about product ingredients and their role in our bodies. The branding highlights this consumer pain point. It is time for the consumer to address the blind spot and decipher nutrition labels, thus taking the blindfold off their eyes in a manner of metaphorical reference.”

    LabelBlind Logo
    LabelBlind Logo

    LabelBlind – Business Model

    The data intelligence powering the website has enabled LabelBlind to pivot into multiple business models. While LabelBlind helps the consumers in assessing the nutritional values in food packets, Businesses like Retail Banking Firms, consumer health brands and  health insurance companies can tie up with LabelBlind to ensure well-being of their customers by offering them to an option to stay healthy by making good food choices.  

    Food Business Operators (FBOs) can use data and insights by LabelBlind  to develop new products based on nutritional value and customer preferences. FBOs can also promote their products through the LabelBlind platform.

    LabelBlind® collaborates with businesses in the space of CPGs (Consumer Packaged Goods), food retail, health and life insurance, retail banking and wellness companies to offer –

    1. Nutrition assessment of products to build compelling product strategies
    2. Business consultancy in NPD (New Product Development) and Customized Nutrition Report
    3. Consumer engagement and lead generation
    4. Corporate food rating and employee nutrition profiling

    Besides, the startup seeks to partner with Government agencies an associations in the food and nutrition space in their consumer outreach programs through online and offline channels. Presently LabelBlind is a project partner with FSSAI on projects of critical importance to the food industry.

    The Nutrition Alchemy, LabelBlind’s parent organization also offers collaboration opportunities for nutritionists, bloggers, food marketing freelancers, radio jockeys and journalists to help them spread awareness about nutrition among their customers and audience.

    Besides, The Nutrition Alchemy (TNA) offers a flagship TNA Nutrition23 Masterclass. Companies can register for this course to educate their employees on nutrition.

    LabelBlind – Marketing Strategies

    LabelBlind is at its early stage of introduction, building word of mouth and networks of collaboration. Tata AIA and FSSAI are amongst its first set of premium clients.

    The company relies on the personal branding of its founder, credibility of its networks, clients and media to drive the image and awareness for the brand.

    LabelBlind – Challenges

    There were 2 big challenges on the way for the LabelBlind team while building LabelBlind – India’s 1st Food Rating System –

    Building a Food Database was a challenging task for the team. They initiated the website development with packaged foods, moving into staples, edible oil and protein supplements. LabelBlind team is also building a database of Fresh Foods recipes representing cultural aspects of food and nutrition habits. LabelBlind has built its database from scratch, with the help of its team of nutritionists and dietitians. Each label is personally scrutinized and included in the database. Today, LabelBlind has 8000 products listed, across 120 food categories.

    Again, Building a scientific, credible Food Rating System is also a tough task. LabelBlind today has a great review system, its major USPs being-

    • Reviewing and rating of food products based on a proprietary nutrition assessment model that evaluates food products on 14 vital nutrition parameters.
    • The assessment model is guided by nutrition principles laid down by FSSAI, WHO, ICMR and USFDA.
    • LabelBlind team includes leading Nutrition Experts in the field to bring Nutrition Solutions that are at the cutting edge of Research.
    • LabelBlind has covered the essential skills required for the business – understanding of nutrition science, food regulatory affairs, consumer understanding and digital technology.

    LabelBlind – Growth & Future Plans

    LabelBlind is working with premium clients like Tata AIA and FSSAI. Currently bootstrapped, the company is in active discussions with investors to scale the business model. With new new product ratings getting constantly updated to the platform, LabelBlind can be a real help for the consumers.

    More and more Indians are moving towards a healthy lifestyle. Also there high possibility that Covid19 will bring permanent changes in consumption habits. Thus in the current situation Startups like LabelBlind can be a total game changer in the health and nutrition scenario of India.

    FAQs

    What is label Blind?

    LabelBlind is a nutri-tech platform launched by The Nutrition Alchemy for creating Nutrition Literacy. It simplifies complex information declared on food labels for consumers to know the nutrition value of food products.

    Who is founder of LabelBlind?

    Rashida Vapiwala is the founder of LabelBlind.

  • Mailit – Delivering Super Service Experiences backed up by Tata Group

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Mailit.

    Logistics tech startups are bound to attract investor interest again this year, due to the spike in Covid-19 across the country. Ecom Express, a logistics startup based in Delhi, raised $20 million, for example. Second, before its IPO, Unicorn Delhivery raised $3 billion in funding.

    The second wave is shifting the focus of the table to technology and digital logistics in order to improve business operations. Similarly, on 21st April 2021, Ratan Tata has recently made an undisclosed amount of investment in Mailit, a Mumbai-based dispatch aggregator.

    Mailit is a pioneering dispatch aggregator company headquartered in Mumbai that provides customized parcel delivery and mailroom management services. The company also has a mailroom management service, which includes bulk document and package dispatching both domestically and globally.

    Mailit – Company Highlights

    Startup Name Mailit
    Headquarters Mumbai, Maharashtra, India
    Industry Mailroom management and Logistics
    Founder Mahesh Shirodkar
    Founded 1987
    Current CEO Mahesh Shirodkar
    Website www.mailit.com

    Mailit – Recent News
    Mailit – About and How it Works?
    Mailit – Operational Flow Process
    Mailit – Name, Logo and Tagline
    Mailit – Founder and History
    Mailit – Vision and Mission
    Mailit – Business Model
    Mailit – Partners
    Mailit – Competitors
    Mailit – Future Plans
    Mailit – FAQs

    Mailit – Recent News

    As of 21st April 2021, Mr. Ratan Tata, a renowned industrialist, made an investment in Mailit, a technology-driven mailroom management and logistics firm.

    Although the details regarding the finances of this recent investment by Ratan Tata hasn’t been disclosed yet, Mailit happens to state that in the next five years it plans to open 500 mailrooms across India as well as fully automated warehouse and distribution centres.

    Leading corporates and many blue chip companies in the Tata Group rely on Mailit for courier, parcel, mail room management digital solutions, and postal services.

    Mahesh Shirodkar, founder of the company, said the investment by Ratan Tata “opens up a wider growth prospect” for the company.

    “With the government reiterating its commitment to strengthening the infrastructure sector, Tata believes the Mailit IL&MS platform will bring in cost optimization, build operational efficiencies in the supply chain and create employment opportunities across India,” the company states.

    This new investment by Ratan Tata came at a time when the company was looking for new ways to expand its primary business and move towards the more digitised and technical services. As a result, it made the decision to invest in Mailit for technological logistics and smooth movement.

    Mailit – About and How it Works?

    Mailit, a Mumbai-based dispatch aggregator, is a subsidiary of Mahesh Shirodkar’s company Shirodkar Cargo Services that provides customized parcel delivery and mailroom management services.

    Mahesh Shirodkar, initiated courier services in 1987, and on March 16, 2006 his company became a private limited known as Shirodkar Cargo Services Pvt Ltd which is a business that engages in customized courier, delivery, and mailing room services. The business provides customized delivery of a variety of packages. It also involves both domestic and foreign bulk dispatch of documents and parcels.

    TATA Motors, TATA Capital, TATA Hitachi, and Glenmark Pharmaceuticals are among the company’s top tier customers.

    Mailit – Founder and History

    Mailit Founder, Mahesh Shirodkar, exemplifies entrepreneurial zeal by taking a forward-thinking approach to any business venture he undertakes. He is a firm decision-maker with a hands-on leadership style, as are all innovative entrepreneurs.

    A thousand-mile journey is said to begin with a single, progressive step. Mr. Shirodkar took the crucial step in 1987 when he established Mailit, a division of Shirodkar Cargo Services Pvt. Ltd. in Mumbai. In his search for excellence, he began modestly in the Mailroom services industry, as did many of his self-made contemporaries.

    It wasn’t an easy ride for him. But, guided by his unwavering desire to succeed, he embarked on a fruitful entrepreneurial journey in the 1980s, beginning with a daily wage of just INR 30 at Tata Motors. His dedication to excellence propelled him up the corporate ladder, and he soon found himself in charge of the Tata Group’s intra-office mail delivery operations.

    Mailit – Operational Flow Process

    First Mail Operation:

    • Pickup service is available at all Pin Codes that are serviceable.
    • First-mile operations at major metros need a dedicated team and fleet.

    Processing and Connection:

    • Shipments are processed and linked at metros by processing units.
    • Streamlined processing to ensure that communications are made quickly and without any delays.
    • A large network of several co-loaders ensures timely connections by air, rail, and road.

    Delivery:

    • Same day delivery attempt at every location
    • Constant follow-up to all locations is performed centrally.
    • Maintain an average delivery strike rate of >85% at all locations.
    • Average delivery efficiency is >94%, with overall returns of 6%.

    Mailit – Name, Logo and Tagline

    Mailit’ s logo consists of two ‘location-icons’ which clearly depicts its services.

    Mailit Logo
    Mailit Logo

    Mailit – Vision and Mission

    Mailit’ s vision statement says, “Unmatched Convenience at Best Price to deliver the full-service innovative dispatch management system to help you save on cost and time in addition to providing unmatched convenience.”

    Mailit’ s mission statement says, “To deliver Superior Service Experience through our bespoke Mailroom Management services at an affordable price in a quick turnaround time.”

    Xpressbees – Logistics And Supply Chain Startup
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    StartupTalkyMandagiri Praveen Kumar Reddy

    Mailit – Business Model

    The Mailit business strategy is to create India’s first digitally integrated logistics and mailroom solutions (IL&MS) platform, which will provide much-needed convergence, performance, and exposure to a fragmented market.

    Mailit’ s IL&MS is a digital interface that integrates Mailroom Management, Logistics, and Distribution. Mailit aims to transform the logistics landscape by consolidating the entire supply chain, enabling seamless end-to-end delivery with real-time visibility, and thereby lowering overall logistics and transportation costs.

    The business provides customized delivery of a variety of packages. It also involves both domestic and foreign bulk dispatch of documents and parcels. In Print and Post facilities, the company collects variable data from customers, which is then processed using cutting-edge technology to print, stamp, and mail documents on their behalf.

    Mailit – Partners

    Mailit’ s partners include Bluedart, Gati, First Flight, DTDC, FedEx, htc, Track On, and The Professional Couriers.

    Mailit – Competitors

    Mailit’ s competitive set include these competitors:

    • Fareye
    • Shadowfax
    • Loginext
    • Locus
    • ElasticRun
    • 4tigo
    • Leap India

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    Mailit – Future Plans

    In the next five years, Mailit expects to open 500 mailrooms across India, as well as fully automated warehouses and distribution centres. With the government reiterating its commitment to strengthening the infrastructure sector, Mr. Ratan Tata believes the Mailit IL&MS platform will bring in cost optimization, build operational efficiencies in the supply chain and create employment opportunities across India.

    Mahesh Shirodkar, Founder & CMD of Mailit, commented on Mr. Tata’s investment, saying, ““We are truly thankful to Shri Ratan Tata for showing faith in us and investing in Mailit. It opens up a wider growth prospect for us and we intend to scale up the operations across geographies. With our state-of-the-art operations and trained professionals backed by the use of the most innovative technologies available today, Mailit expects an upward trajectory from here on.”

    Mailit – FAQs

    What does Mailit do?

    Mailit is a pioneering dispatch aggregator company headquartered in Mumbai that provides customized parcel delivery and mailroom management services.

    Who founded Mailit?

    Mahesh Shirodkar founded Mailit.

    Which company owns Mailit?

    Mailit is subsidiary of Shirodkar Cargo Services Pvt Ltd.

    What companies do Mailit compete with?

    Mailit’ s competitive set include these competitors: Fareye, Shadowfax, Loginext, Locus, ElasticRun, 4tigo, and Leap India.

  • Marico – An FMCG with a Positive Impact on The Entire Business Ecosystem

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Marico.

    The consumer goods market is a group of stocks and companies that deal with goods purchased by individuals and households rather than by businesses and industries. Food manufacturing, baked goods, garments, drinks, vehicles, and electronics are also part of this industry.

    Marico Limited is a leading consumer goods company in India, offering a wide range of food, beauty, and wellness products and services. Marico has offices in over 25 countries across Asia and Africa, with its headquarters in Mumbai, Maharashtra, India.

    Marico – Company Highlights

    Company Name Marico Limited
    Headquarters Mumbai, Maharashtra, India
    Industry Consumer goods
    Founded 2 April 1990
    Founder Harsh Mariwala
    Products Personal care, Skin care, Convenience food
    Areas Served Worldwide
    Website www.marcio.com

    Marico – Latest News
    About Marico and How it Works?
    Marico – Vision and Mission
    Marico – Founder and History
    Marico – Name, Logo and Tagline
    Marico – Products
    Marico – Business Model
    Marico – Revenue and Growth
    Marico – Key Financial Metrics
    Marico – Investments
    Marico – Acquisitions
    Marico – Competitors
    Marico – Challenges Faced
    Marico – Future Plans
    Marico – FAQS

    Marico – Latest News

    As of January 2021, Marico was adopting a digital-first approach for premium foods.

    Marico, a major Consumer goods business, is aiming for a bigger share of the food market. Marico wants to increase revenue from its food sector to INR 500 crore in FY22, up from less than INR 200 crore the previous fiscal. Sanjay Mishra, COO of Marico, spoke about the company’s renewed emphasis on the men’s grooming market, as well as strengthening the company’s premium product range and introducing “mass products with differentiation.”

    “The big picture is that we want to be present in the foods segment, in the premium as well as mass categories. For the premium segment, we are going to adopt a digital-first approach. This calls for doing multiple things including creating new categories and tapping categories that are huge in the digital space. We started by prioritizing Saffola Fittify and Coco Soul as digital-first brands to see the response we got. Over time, we have learnt that there is a demand for these categories, but at this time, the market size is very small in the country. Hence, we are focusing on creating categories digitally,” said Sanjay Mishra, COO of Marico.

    About Marico and How it Works?

    Marico Limited is a leading consumer goods company in India, specializing in food, beauty, and wellness. Marico has a presence in over 25 countries across Asia and Africa, with its headquarters in Mumbai. It nurtures leading brands in hair care, skin care, edible oils, nutritious foods, hygiene, male grooming, and fabric care, among other categories. Marico’s goods are a part of millions of people’s everyday lives all over the world.

    Parachute, Parachute Advansed Livon, Set Wet, Mediker, Saffola, Nihar Naturals, and Revive are some of the famous Indian household brands. Parachute, HairCode, Ingwe, X-Men,  Caivil, Isoplus, Code 10,  Hercules, Black Chic, and Thuan Phat are among the foreign brands that have been localized to meet the fashion needs of international customers.

    Marico – Vision and Mission

    Every member of the Marico family has a vision of long-term growth and prosperity while also attempting to have a positive impact on the entire business ecosystem. They collaborate to improve the lives of all of their stakeholders, including consumers, investors, members, and society at large.

    The corporation has always taken steps to minimize negative environmental impacts while focusing on the common benefit of the people. It inspires people to contribute to society in every way they can. Marico claims that businesses and social organizations can improve their economic and social values through creativity and innovation. Instead, it is one of the company’s core principles.

    Marico – Founder and History

    Harsh Mariwala entered his family’s company, Bombay Oil Industries, in 1971, and by 1974, he had imagined an FMGC market for coconut and refined edible oils in smaller consumer packs, and had established a national distribution network for Parachute. And it was then that the first blue bottle of parachute oil appeared in Harsh’s invention.

    Harsh Mariwala, Founder of Marico
    Harsh Mariwala, Founder of Marico

    Marico was born on April 2nd, 1990. Marico also released another haircare product, Hair & Care, a non-sticky hair oil, in the same year. Sweekar sunflower oil has also become a household name.

    In 1992, Marico relocated its headquarters from Masjid Bunda Bazar to upscale Bandra. The business transitioned from being an exporter to an international marketer in 1992, when it opened its first overseas office in Dubai.

    Marico – Name, Logo and Tagline

    Marico’s tagline says, “Marico – make a difference”. The firm has always taken steps to minimize negative environmental impacts while focusing on the common benefit of the people.

    Company Logo of Marico
    Company Logo of Marico

    Marico – Products

    Hair Oil

    • Nihar Naturals Sarson Kesh Tel
    • Nihar Naturals Shanti Amla Badam Hair Oil
    • Parachute Advansed Deep Conditioning Hot Oil
    • Parachute Advansed Aloe Vera Enriched Coconut Hair Oil
    • Parachute Advansed Coconut Hair Oil
    • Parachute Advansed Jasmine Hair Oil
    • Hair & Care Fruit Oils
    • Nihar Naturals Coconut Hair Oil

    Coconut Oil

    • Parachute Coconut Oil
    • Nihar Naturals Coconut Oil
    • Nihar Naturals Uttam Coconut Oil

    Hair Serum

    • Livon Silky Potion Hair Serum
    • Hair & Care Silk n Shine Hair Serum

    Anti-Hairfall

    • Livon Hair Gain Tonic
    • Parachute Advansed Ayurvedic Hair Oil
    • Parachute Advansed Ayurvedic Gold Hair Oil
    • Parachute Advansed Scalp Therapie Hair Oil

    Male Grooming and Styling

    • Parachute Advansed Men’s Hair Cream Range
    • Set Wet Beard Styling Gel
    • Set Wet Deodorants
    • Set Wet Styling Gel

    Wellness

    • Saffola Oils
    • Saffola Aura – Olive & Flaxseed Oil
    • Saffola Masala Oats
    • Saffola Multigrain Flakes

    Skincare

    • Parachute Advansed Body Lotion

    Marico – Business Model

    The Marico business model is centered on focused growth across all of its brands/and territories, which is powered by constantly enhancing customer value propositions, market expansion, and expanding its retail presence. The model ensures Marico’s presence in niche / ethnic Indian product or service categories where traditional MNCs are weak.

    Marico is a well-managed company that has created a stimulating work environment that empowers employees, facilitates teamwork, and encourages innovative ideas. Marico has risen to become one of the few profitable Indian FMCG companies over the years as a result of this.

    Marico – Revenue and Growth

    Marico Ltd posted a 13 percent increase in profit in the December quarter compared to the same period the previous year, despite rising raw material prices.

    The company’s earnings beat analysts’ expectations, owing to strong growth across most of its portfolio. For the three months ended December 31, the manufacturer of Parachute coconut oil and Saffola edible oil posted a net profit of INR 307 crore, up from INR 272 crore the previous year.

    In response to increasing prices, the company implemented selective price hikes in its main Parachute brand during the quarter. In India, Marico posted strong demand across 95 percent of its portfolio, suggesting that consumer sentiment is improving.

    “In the India business, the company witnessed robust demand trends across more than 95% of its portfolio amidst steadily improving consumer confidence and a declining covid-19 graph. Traditional trade led the growth as the company took concerted efforts to drive excellence in execution. The company also continued to operate at reduced distributor inventory levels. Among the alternate channels, e-commerce witnessed augmented growth and modern trade also recovered sequentially to end flattish on a year-on-year basis,” the company said in a filing to the exchanges.

    Marico – Key Financial Metrics

    Financial Metric 2019-20 2018-19
    Total Income 3504.00 3489.00
    PAT Margin -7.86 36.88
    Equity Share Capital 93.03 93.03
    Asset Turnover Ratio 5.61 7.14

    Marico – Investments

    Date Organization Name Round Amount
    Apr 18, 2018 Revofit Corporate Round –
    May 18, 2017 Beardo.in Funding Round ₹500M

    Marico – Acquisitions

    Acquiree Name About Acquiree Date Amount
    Beardo.in Beard is an official brand manufacturer of natural ordinary oils or incompatible products to bearded man. Jul 1, 2020 –
    Isoplus Isoplus, a hair styling brand in South Africa. Jul 28, 2017 ₹360M

    Marico – Competitors

    Top competitors of Marico :

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    Marico – Challenges Faced

    Marico faced an extreme challenge from Unilever at a critical juncture in its growth path. Back then, it was no secret that Parachute, Marico’s coconut hair oil brand, was the single largest contributor to the company’s portfolio. With the aim of wresting the market away from Parachute, Hindustan Unilever launched and began vigorously advertising their own brand Nihar.

    HU’s aggressiveness was evident in its promotional campaign, which outspent Marico at every turn and drowned Marico out in the media with its deafening voice. Then came some alarming news from the field, with Marico salespeople reporting “green walls in retail stores.” Nihar was a green brand, while Parachute was a blue one. For Mariconians, visions of green walls became nightmares.

    Explaining Marico’s strategy, Sameer Satpathy, Head of Marketing, said, “Our strategy has always been to focus strongly on brands; investments in brands in terms of what is correct for the brands, which builds long term preference for the brand. So, we fundamentally keep doing that and I believe that it is more important not only during times of slowdown, but also when there is a boom.”

    Marico – Future Plans

    Marico’s most aggressive strategy is in the food industry. It recently introduced honey, which it says is one of the purest in the world, as part of the Saffola brand. With Covid-19 still raging, Gupta says that people’s eating habits have been reorganized into three categories: health and hygiene, nutritional immunity, and ready-to-cook foods or between-meal snacks.

    Marico does not yet have critical mass in health and hygiene, and has made its foray into the immunity room with honey.

    Fortunately, 80 to 90 per cent of our portfolio consists of items of daily consumption where we can grab market share. And there is also a huge opportunity to quickly get scale in others so that they become a significant part of our portfolio,” says Gupta of the immunity-giving foods the company plans to launch.

    Marico – FAQS

    What does Marico do?

    Marico Limited is a leading consumer goods company in India, offering a wide range of food, beauty, and wellness products and services.

    Who founded Marico?

    Harsh Mariwala is the founder of Marico.

    Is Parachute a product of Marico?

    Yes, Parachute oil is Marico’s product.

    What companies do Marico compete with?

    Top competitors of Marico are Hindustan Unilever, Procter & Gamble, Dabur, Advantice Health, Emami, Gillette India, Bajaj Consumer and Colgate.

  • Top 5 Most Profitable Franchise opportunities in Mumbai

    When starting a business, several things cross your mind. It could be very tacky and an uphill battle but, when it gears up and the business model succeeds, it could be very rewarding and pays pretty well. That’s why most of the time, entrepreneurs move towards the direction of buying a franchise model to make it more fascinating and the great success of fulfilling their dreams.

    Buying a franchise brings a lot of pressure as well as enthusiasm. It requires a proven business model and absolute work practices and experiences for the investment into a successful franchise, especially in Mumbai. Mumbai holds a huge category of business franchises that would be very beneficial to kickstart your business.

    Phixman
    KFC
    Giani’s
    Me n Moms
    Frozen Bottle
    FAQ

    Profitable Franchise to apply for:

    Franchise Application Category
    7th Heaven Apply Here Bakery & Cafe
    Biggies Burger Apply Here Burger Chain
    Chicago Pizza Apply Here Pizza Chain
    Let’s Transform Salon Apply Here Beauty & Wellness
    Meatwale Apply Here Food & Services
    Frozen Bottle Apply Here Beverages & Cafe
    Moti Mahal Apply Here Restaurant
    Pepperfry Apply Here Furniture

    What is Franchise Business?

    Franchise Business is an absolute business model where you own the authority and right to use someone’s company’s brand name, business model and production for a certain signed period. In order to own a brand’s name, you have to invest a small capital and sign a deed along with all the verified terms and conditions.

    When you are a fresher in the business field, franchise businesses are the right and precisely chosen for you. Because it brings the maximum chance of success as the brand has already built its name in the market and gathered several potential and promising customers across the country. Therefore, it would save tons of your money in advertising, marketing and digital branding.

    In this article, we present to you some top business franchises in Mumbai, India. Stay tuned!

    Phixman

    Name Phixman
    Founded in 2013
    Franchise Units 60+
    Investment 10-20 Lac
    Apply to Phixman Franchise Click Here

    Phixman
    Phixman

    Phixman is one of the profitable franchise in Mumbai that is available on digital platforms. It works for the development of repairing smartphones, laptops and tablets with advanced technology.

    It offers the service of picking the damaged device and then delivering it after the repair in just a day. The online mobile devices repair industry is developing with exponential growth. That’s why investing in one as Phixman franchise is an absolute profit deal.

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    KFC

    Name KFC
    Founded in 1952
    Franchise Units 400+
    Investment 1.5-2 Crore
    Apply to KFC Franchise Click Here

    KFC
    KFC

    A very famous and loving food brand across the world, KFC is quite famous for its fried chicken. Also, it has several vegetarian recipes as well. In India, KFC has been remarkably famous for its services and catering to everyone including vegetarians. This makes it one of the most profitable food franchise businesses in India.

    The minimal investment required of KFC is 1.5 to 2 Crore Rupees. The investment may seem pretty high and with this kind of business model and fame, the risk is absolutely low in starting a new fried chicken restaurant from nothing.

    Giani’s

    Name Giani’s
    Founded in 1956
    Franchise Units 100+
    Investment 10-15 Lac
    Apply to Giani’s Franchise Click Here

    The very prominent ice cream brand, Giani’s is known for its delicious, 100% vegetarian ice cream, kulfi and falooda. Giani’s prioritize its consumers’ preferences the most and provide the best quality possible. It has progressed with great graphs and become a successful brand in India.

    For entrepreneurs, Giani’s is one of the best possible business franchises with the basic requirements of 10-15 lakhs. It’s an amazing as well as a very affordable business opportunity. Giani’s has been serving with great quality and taste for more than 50 years. Therefore, it has gained some very promising customers. It’s a great start for entrepreneurs to gain success with their business.

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    Me n Moms

    Name Me n Moms
    Founded in 1994
    Franchise Units 100-200
    Investment 30-50 Lac
    Apply to Me n Moms Franchise Click Here

    Me n Moms
    Me n Moms 

    Me n Moms is quite a famous one-stop-shop for the vast range of baby products available online in India. It looks after its customer’s absolute convenience, hassle-free and fun experience of shopping.

    It provides a great category of baby products such as Baby Footwear, Bathing essentials, Diapers, oral and skincare for little ones, baby apparel, travel accessories, nursing essentials, maternity wears for mothers, toys and many more. It looks after the total comfort of the baby and mom both.

    The investment for this franchise is around 30-40 Lakhs. It’s a very fun-loving business franchise that would bring great success. It’s a well-known brand and mostly preferred by every mother. Me n Mom is the leading baby product shopping website in India, especially Mumbai. It brings a great deal and very loyal customers.

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    Frozen Bottle

    Name Frozen Bottle
    Founded in 2017
    Franchise Units 50+
    Investment 20-30 Lac
    Apply to Frozen Bottle Franchise Click Here

    Frozen Bottle - Franchise Opportunity in Mumbai
    Frozen Bottle – Franchise Opportunity in Mumbai

    Frozen Bottle, known for its extremely incredible premium thick shakes. It provides the best quality of shakes around Mumbai and also, other states where it’s franchises are established. It is quite famous for serving the excellent quality of milkshakes and custom-made cakes along with its jars.

    Frozen Bottle offers several training and learning programs to their franchise outlets to make it as incredible and fine as the original one. Frozen Bottle has been running for several franchises in different parts of Mumbai and they have been proven very successful.

    Its investment would cost up to 20-30 Lakhs approximately. For young entrepreneurs, Frozen Bottle is a great business franchise deal to make their success in a very short period. It provides great sustaining quality of shakes and has a great number of promising and potential customers. Frozen Bottle is a well-known brand and absolutely low-risk business.

    FAQ

    Which franchise is best in Mumbai?

    KFC is one of the most profitable franchise in Mumbai.

    What is the cheapest franchise to start in Mumbai?

    Giani is one of most low cost franchise to start in Mumbai with basic investment of 10-15 lakhs.

    Are franchises a good investment?

    If you want to own a business, but don’t have an idea to build it from scratch, a franchise can be a great option.

    Conclusion

    Business franchises are a great way to gain success in the marketing business. It serves the customer with the value of a promising product. Initiating any business could be very tacky as it requires non-distributive attention and certain investment in advertising, marketing, digital branding and many more such tasks. This requires a lot of time and the success rate is also low.

    Therefore, a business franchise acts best in this and Mumbai is a great place to start your own franchise. It has already built a well-known name in the market and potentially loyal customers as well and the success rate is quite high.

  • Who is Arun Raste – The New MD & CEO of NCDEX

    On 26 April 2021, the Securities and Exchange Board of India (SEBI) has approved an appointment of the new Managing Director and CEO of the National Commodity and Derivatives Exchange Ltd (NCDEX). The new Managing Director and CEO of National Commodity and Derivatives Exchange Ltd is Arun Raste. Let’s look at who is Arun Raste, the new MD and CEO of NCDEX.

    Who is Arun Raste
    Education of Arun Raste
    Seminars
    What is NCDEX
    FAQ

    Who is Arun Raste

    Arun Raste is currently working as the Executive Director of the National Dairy Development Board (NDDB) of India. He is also serving as the director on the board of Indian Immunological Limited which is based in Hyderabad and also the director on the board of Mother Dairy Fruit Vegetable Pvt Ltd. Which is based in Delhi.

    He had earlier worked with companies such as Kotak Mahindra Bank, IDFC Bank, ACC Cement, NABARD and also a non-profit NGO IRFT.

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    Education of Arun Raste

    He has done a bachelor’s degree in economics and also a master’s degree in economics. He also holds a post-graduation diploma in marketing management.

    He has an interest in the areas such as BoP finance, Business Strategy, CSR, marketing, Corporate Planning and NGO management.

    Seminars

    He was invited by the United States State Department for ‘The International Visitor Leadership programme’(IVLP). He has also been part of various conferences and seminars which include the ones at UNCTAD, World Social Forum, IFAT Conference, WTO ministerial, Toyo University Tokyo, Kindai University Nara Japan, PSE Group in European Parliament, Murdoch University Perth Australia, and so on.

    He has also published various research papers in National and International Journals.

    Now he has been appointed as the Managing Director and CEO of National Commodity and Derivatives Exchange (NCDEX) for a period of 5 years.

    What is NCDEX

    National Commodity and Derivative Exchange is a commodity exchange platform in India. It is an online commodity exchange platform that provides the market participants a platform to trade in commodities and derivatives.

    NCDEX was founded in the year 2003 and has its headquarters located in Mumbai, India. NCDEX is a public limited company that is fully owned by the Government of India. NCDEX has offices in other places which include Delhi, Hyderabad, Jaipur, Kolkata, Indore and Ahmedabad.

    What is NCDEX
    What is NCDEX

    NCDEX is an leading agricultural commodity exchange in India. It offers value chain services for the entire post-harvest agricultural commodities.

    Some of the key investors of NCDEX include National Stock Exchange of India Ltd, National Bank for Agriculture and Rural Development, Life Insurance Corporation of India, Oman India Joint Investment Fund, Investcorp Private Equity Fund, Build India Capital Advisors LLP, Indian Farmers Fertilizer, Cooperative Ltd, Punjab National Bank and Canara Bank.

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    FAQ

    What is MCX and Ncdex?

    NCDEX is predominantly an exchange with leadership in the agri commodity segments, while MCX has leadership in the area of gold, metals and oil.

    Where is Ncdex located?

    NCDEX headquarters are located in Mumbai and offers facilities to its members from the centres located throughout India.

    What is full form Ncdex?

    National Commodity & Derivatives Exchange Limited is full form of NCDEX.

    Conclusion

    Earlier in this month Vijay Kumar who was the former Managing Director and the CEO of NCDEX had left the position from the exchange after the completion of his extended term. Later, SEBI had appointed Arun Raste as the new CEO and MD of NCDEX.

  • Why did Yes bank took over Reliance Centre headquarters for 1200 Crores

    There was a recent news where the headquarters of Reliance ADAG group which was headed by Anil Ambani, the Reliance Center, Santacruz, Mumbai was sold to Yes Bank for INR 1,200 crores. Let’s look at the reason and the details for the sale of Reliance’s headquarters.

    What is Reliance Infrastructure
    What is Reliance Centre
    Why did Yes bank took over Reliance Centre
    Sale of the Reliance Centre
    FAQ

    What is Reliance Infrastructure

    Reliance Infrastructure is a Indian-based private sector company. The company was involved in power generation, infrastructure defense, and construction. The company is part of the Reliance Anil Dhirubhai Ambani group.

    The company has undertaken a lot of projects which include power plants, metro rails, airports, toll roads, bridges, and defense. The company has a major shareholding in Reliance Power and Reliance Naval and Engineering Limited.

    Reliance Infrastructure was ranked as the 51st largest corporation in Fortune India’s 500 lists of 2019 and it had the 1st rank in the category of Infrastructure Development.

    Reliance Infrastructure came into existence when it took over an eighty three year old company which was undertaken by the Government which was known as Bombay Suburban Electric Supply (BSES) in the year 2002.

    Reliance Infrastructure was formerly known as Reliance Energy Limited.

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    What is Reliance Centre

    Reliance Infrastructure which is part of Anil Ambani’s group has sold its headquarters to Yes Bank. The amount of the sales is expected to be INR 1,200 crores. The headquarters is located in Mumbai’s Santacruz.

    Reliance Center is a building with high technology office. The building has an area of 695,000 square feet on a plot of 15,514 square meters of land. Anil Ambani had shifted to this office after he had moved out of Reliance’s Ballard Estate Office.

    The experts in the field of Real Estate have that the office has a prime location because the Reliance Center is close to Mumbai’s Western Express Highway.

    Other than this, the office just has a 15-minute drive to Chhatrapati Shivaji International Airport Terminal that is T2 and a 10-minute drive to the Chhatrapati International Airport Domestic Terminal that is T1. The building is a stone’s throw from the Bandra-Kurla Complex business district in Mumbai.

    Total Revenue of Reliance Infrastructure Ltd
    Total Revenue of Reliance Infrastructure Ltd

    Why did Yes bank took over Reliance Centre

    Reliance’s ADAG group which is headed by Anil Ambani is expected to have an exposure of INR 4,000 crores which it has to pay to Yes Bank. Last year, Yes bank had said that last year it had issued a demand notice to the ADAG group to pay the borrowed amount of INR 2,892 crores.

    The demand notice was sent under the SARFAESI ( Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act. The dues had to be paid back by 60 days from the issue of the demand notice.

    Reliance’s ADAG group had failed to pay the dues on time and Yes bank had announced that it was going to take the possession of the building due to non-payment of loans which amounted to INR 2,892 crores.

    It is said that Yes bank had taken possession of the building looking at the Mumbai Airport. With this project, the Reliance Infrastructure has closed 3 different transactions which include the sale of assets. These transactions had taken place in the last 90 days.

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    Sale of the Reliance Centre

    Recently Reliance Infrastructure and Yes Bank announced that they were getting in to a sale transaction where the Reliance Centre, Santacruz, Mumbai will be sold to Yes Bank. Yes Bank which currently operates its business from One Indiabulls center in Central Mumbai is planning to convert the Santacruz office to its Corporate Head Office.

    An official from the company has said that with the sale of Reliance Center, Santacruz, Mumbai Reliance Infrastructure’s debt exposure to YES Bank has been reduced. The debt exposure of INR 2,000 crores from INR 4,000 crores has been reduced.

    FAQ

    What is the net worth of Anil Ambani in 2020?

    As per the reports declared before a UK court in February 2020 that his net worth is zero and he is bankrupt.

    What does Anil Ambani owns?

    Reliance Infrastructure which is an Private Sector Enterprise managing power, defense, construction and infrastructure and Reliance Power.

    How many companies Mukesh Ambani have?

    Mukesh Ambani has 7 companies that are, Reliance Retail, Reliance Life Sciences, Reliance Jio Infocomm Limited, Reliance Petroleum, Network 18, Reliance Industrial Infrastructure Limited, and Football Sports Development Limited.

    Conclusion

    Yes Bank has said that the value of the transaction of the building is expected to be INR 1,200 crores and the entire amount from the sale of Reliance Center, Santacruz, Mumbai is utilized only to pay the debt it owes to Yes Bank. The company official has said that the company is planning to be a debt-free company within 2021.