The Taj chain’s The Pierre Hotel in New York might witness a change of ownership. Essam Khashoggi, a Saudi billionaire, and the Sultan of Brunei have both indicated interest in paying $2 billion to purchase the famous Manhattan estate. After managing the Pierre for almost 20 years, Taj might leave if the deal is finalised.
As a result, Taj will only have one property in the US: San Francisco’s Taj Campton Place. Taj’s website states that it purchased The Pierre in 2005 and made it its flagship property in North America. Four years later, the upscale hotel underwent a $100 million restoration.
United Overseas Holding (UOH), a 100% subsidiary of Indian Hotels (IHCL), a Mumbai-listed company that owns the Taj chain and is a member of the $165 billion Tata Group, is the parent company of the hotels in New York and San Francisco. According to business reports, IHCL invested INR 2,324 crore in stock in UOH in FY25. But throughout that time, UOH claimed to have lost INR 82 crore.
Taj Put Up The Pierre Hotel for Sale Last Year
After deteriorating into a “less-than-ideal” state, the 189-room, restaurant and luxury apartment complex known as The Pierre was listed for sale last year. Owners of apartments are also the property’s stockholders.
Among them are prominent figures such as former Disney CEO Michael Eisner, Princess Firyal of Jordan, fashion designer Tory Burch, and US Commerce Secretary and trade negotiator for President Donald Trump Howard Lutnick, who owns a penthouse.
Exit Might Scale Down Taj’s International Footprints
The departure would signal a reduction in Taj’s global presence if the purchase closes. At the July AGM, IHCL chairman N Chandrasekaran recently informed shareholders that the company had no ambitions to expand aggressively abroad. According to him, the group is not considering every international market when it comes to international expansion.
It will take into account city-specific prospects in regions like South Africa, Africa, and New Zealand, but it will not seek extensive international expansion. In FY25, IHCL’s overseas hotels brought in around INR 1,512 crore in revenue and made Rs 202 crore in operating profit. According to NYT, Taj has defended its property management and suggested improvements that wouldn’t force the occupants to vacate. The Pierre’s board is in the last phases of the selling discussions, the NYT report further mentioned.
Quick
Shots
•Saudi billionaire Essam Khashoggi and
the Sultan of Brunei show interest in buying the property.
•Taj acquired The Pierre in 2005;
underwent $100 million renovation in 2009.
•If sold, Taj’s only U.S. property
will be Taj Campton Place in San Francisco.
•Parent company United Overseas
Holding (UOH) reported INR 82 crore loss in FY25, despite INR 2,324 crore
infusion.
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 Sprinklr.
Sprinklr must be certainly familiar to anybody with even a basic understanding of the marketing technology sector. It is an international behemoth that offers a plethora of services that competes with HubSpot.
It’s a complicated, powerful technology that lets businesses control the customer experience from beginning to end. However, like with other technologies, there are numerous phrases surrounding it, let’s look into them.
Consumer experience is the aggregate of a consumer’s logical, emotive, perceptual, and behavioural responses at all phases of the shopping experience, including pre-buy, purchasing, and consuming.
Some firms divide the consumer experience between social and online contacts, whereas others describe the consumer experience as human engagement, such as face-to-face retail service or over-the-phone customer care.
Sprinklr is a Software as a service customer experience management platform located in New York City. Sprinklr provides a business application that enables all the front consumer-facing departments, from marketing to customer care, to cooperate across different parts of the organization and engage through digital media. Advertising, modern marketing, modern care, modern research, developer portal, and core platform, are among some of the company’s products.
Sprinklr is a SaaS software company headquartered in New York, that provides a customer experience management platform. Sprinklr is the firm’s technology, which integrates apps for content management, social media marketing, customer service, collaboration, social advertising, social media monitoring, employee advocacy, and social media research.
It is a widely used platform for marketing, advertising, research, and other purposes by many big corporations. The technology, which is categorised into 5 sections, is a SaaS software with variable dashboards:
Modern Marketing: A content management system that enables organisations to provide the correct material to their consumers at the right time, as well as a variety of other features such as Digital Asset Management (DAM), Workflow Automation, Content Analysis, and more.
Modern Engagement: A social media management system that incorporates Publishing and Engagement, Community Management, Distributed Engagement, and more, that helps organisations to manage social media across 35 channels.
Modern Research: A research technology that lets firms assess brand equity measures such as brand recognition, user happiness in real time, product perception, and customer loyalty. Product Insights, Benchmarking, Visual Insights, and more features are included. This is where social listening may be done.
Modern Care: It is a customer service solution that enables companies to use Artificial Intelligence technology to deliver high-volume customer assistance. Peer care, brand care, self-care, and other topics are covered.
Modern Advertising: A customer engagement system that includes features including an ad manager and composer, a targeting audience manager, a creative library, campaign execution and optimization, paid/owned/earned analytics, and more. Sprinklr claims that it enables accurate and tailored advertising efforts as well as the highest return on investment.
Sprinklr’s artificial intelligence deep machine learning algorithms are organised into eight tiers. These layers collect and convert all forms of unstructured data from over 30 channels into actionable structured insights, giving organisations a unified platform to manage customer experience at scale.
The architecture of Sprinklr enforces consistent abstraction and allows users to construct reusable pipeline components for each stage of the machine learning lifecycle, including data collecting, data transformation, model training, model inferences, and machine learning operations.
Sprinklr – Industry
In 2021, the SaaS customer management market grew 14.14 percent year over year, and the industry is predicted to grow by $44.17 billion by the year 2025. The market is divided by end-users (retail, manufacturing, BFSI, telecom and IT, and others), as well as region (Europe, North America, APAC, South America, and MEA).
During the projection timeframe, America will offer the most development potential in the Software as a service customer relationship management market. According to the study, the region will account for 52% of worldwide industry growth and will come to lead the industry by 2025.
The expansion of the regional market may be ascribed to factors such as business adoption of public cloud services and the rising need for customer data analysis. Furthermore, the growing number of businesses in industries like BFSI, telecom and IT, healthcare, retail, and other end-users would enhance the market of the Software as a service customer service management market globally.
The increased usage of cloud-based products is driving the Software as a service customer relationship management industry. Accessibility, dependability, and high-source availability are all advantages of cloud computing. These advantages are prompting businesses all around the world to adopt cloud-based applications.
The usage of SaaS applications such as CRM, HRM, sales management, and financial management is predicted to rise throughout the projection period, thanks to increased expenditures on cloud-computing methods.
The name of the firm was inspired by the concept of a brand gently watering its social media presence.
Sprinklr Logo
Sprinklr’s tagline says, “The world’s leading digital-first, proactive customer experience solution.”
Sprinklr – Founders
Ragy Thomas, a technology marketing professional who formerly worked for email marketing firm Bigfoot International, established Sprinklr in September 2009. Thomas started the firm with his own money, running the server out of his own house’s basement.
Ragy Thomas
Ragy Thomas – Founder and CEO of Sprinklr
Ragy Thomas is an American entrepreneur and executive renowned for creating and leading the customer relationship management platform, Sprinklr. He formerly served as president of Epsilon Interactive, which is now owned by Publicis, and created the email marketing firm Bigfoot Interactive.
Sprinklr – Startup Story
Sprinklr was founded on September 24, 2009, in the guest bedroom of the founder and CEO Ragy Thomas’ home in New Jersey, and formally debuted with its first user on January 15, 2010. Dell, Cisco, Microsoft, and Nike were among the first to register for the groundbreaking new platform. They had all been enthralled by Sprinklr’s idea of a Unified Front Office (UFO), as well as the company’s enterprise-class security, privacy, and governance.
Cut to twelve years later, all of those old consumers are still Sprinklr’s clients, and Ragy is still the CEO. Ragy has assembled an experienced management team over the past, including leaders from BazaarVoice, Cisco, Salesforce, Microsoft, Procter & Gamble, the White House, and BMC.
Sprinklr is a speedily growing Software as a service company with five products that cover all front-office tasks (Advertising, Marketing, Research, Engagement, and Care) on a unified cloud with a single customer Id.
Sprinklr has twenty-two locations in fifteen countries and works with more than a thousand global companies, including many top giants like McDonald’s, Allstate, Microsoft, NASA, Verizon, Philips, Nike, Samsung, Santander, Procter & Gamble, and Shell.
Sprinklr – Vision, and Mission
Sprinklr’s mission statement is “To enable every organization on the planet to make their customers happier.”
Sprinklr’s vision statement, “To be the world’s most loved enterprise software company, ever.”
Sprinklr – Business Model, and Revenue Model
Sprinklr’s system is based on a single framework specifically for handling CXM data, allowing for a wide range of client use cases.
Customer Segment
Sprinklr operates on a mainstream market business model, with no major client segmentation. The company’s services are aimed at businesses of all sizes and areas.
Value Proposition
Risk reduction, convenience, and brand/status are the 3 important value propositions offered by Sprinklr.
Customers benefit from the company’s convenience by making their lives easier. Its software platform is a full-featured end-to-end platform that integrates owned, paid, and earned media.
By establishing strong security requirements, the organisation lowers risk. Because of its successes, the corporation has developed a strong reputation. It connects over 4 billion people and serves more than 150 countries. Over 1,200 companies are served, including:
Four of the top five banks in the United States.
Over half of the Fortune 50 companies.
Five of the top eight insurance firms in the United States.
Nine of the top fifteen global IT firms.
Four of the top seven hospitality corporations are located in the United States.
Channels
Sprinklr’s direct sales staff is their primary channel. The firm advertises its services on its social media sites, website, and at seminars, webinars, and conferences.
Cost Structure
Sprinklr’s architecture is value-driven, to provide a premium position through extensive personal attention and regular service improvements.
Cost of services, a variable item, is most likely the main cost driver. Other key cost drivers include customer support/operations, and sales/marketing both of which are fixed expenses.
Sprinklr has a single income stream: revenue from the sale of its services and products to clients.
Sprinklr, a software firm located in the United States, plans to construct a development centre in Hyderabad with 200 IT workers. With Telangana IT and Industries Minister KT Rama Rao, the company addressed the idea of building a development centre in Hyderabad. The city’s current IT ecosystem was highlighted by the minister.
The New York-based corporation’s leadership team told Telangana IT and industries minister KT Rama Rao that the business plans to hire 1,000 techies in the projected Hyderabad centre over the next 3 to 5 years.
Rao recently visited a conference in New York, during which he emphasised Telangana’s existing IT sector. He also stated that the state government will back the venture completely.
Sprinklr, which was launched in 2009 by tech executive Ragy Thomas, had its NYSE debut on June 23rd. The company’s platform, Sprinklr, incorporates a number of tools for social advertising, social media marketing, collaboration, content management, employee advocacy, social media research, customer service, and social media monitoring.
The company employs around 3,700 people in 25 countries. South America, Europe, North America, and Asia-Pacific are all represented by the firm.
Sprinklr – FAQs
What does Sprinklr do?
Sprinklr is a Software as a service customer experience management platform located in New York City.
Who founded Sprinklr?
Ragy Thomas established Sprinklr in September 2009.
How does Sprinklr make money?
Sprinklr has a single income stream, the company generates revenue from the sale of its services and products to clients.
Which companies do Sprinklr compete with?
Sprinklr’s top competitors are Hootsuite, Brandwatch, Brandwatch, Salesforce, Adobe, Socialbakers, Microsoft, Khoros, and Oracle.
New York is well-known for its incredible facts as being one of the world’s biggest cities. Also, the leading financial capital counted in the world. New York is one of the hottest cities for starting a startup. With more than thousands of creative and innovative ideas in mind, the city is filled with absolute talent and even more huge customer sources.
New York is considered the hub of the most exclusive and hot startups. For such purposes, New York City has gathered and built tons of incubators and accelerators. These are rising and gaining more fame around the startup teams and communities.
Incubators are an essential requirement for startups to develop more prominently by building and designing different programs. Also, it provides the necessary initial guidance and resources that are very essential for any startup business.
The biggest advantage that comes with incubators are you get to engage and explore several other entrepreneurs and mentors who guide you perfectly with their experiences and business skills. These become very important for any startup to grow and develop.
In this article, we present you with some top incubators that are available in New York City. Stay tuned!
One of the very promising and leading startup incubators in New York City which works for the cleantech businesses. This startup incubator holds on to the concept of combining capital, people and purpose. Urban Future Lab has been very promising with its clients and has received several appreciation and success.
There are around 62 startups that are incubated through Urban Future Lab. Also, they have raised more than $670 million of funding for young businesses. It focuses on earning potential and sustainable company and has a success rate of 87%. Urban Future Lab is very popular startup incubator in New York City and working for more development worldwide.
The Grand Central Tech
The Grand Central Tech is known for its incredible services of no renting and no equity. This is widely popular among entrepreneurs as it offers several programs such as a one-year startup in residence. It attracts and gathers some great business startups. If counted, The Grand Central Tech has incubated more than 95 startups. And, these startups have raised funding from various venture capitalists, of around $35 billion.
The most fascinating thing about The Grand Central Tech is that it offers great support and encouragement to women entrepreneurs and has succeeded in raising some incubating a major number of startups led by women entrepreneurs.
The Grand Central Tech holds some very prominent partners for the accreditation of its programs, those include Amazon, Google, Microsoft, IBM, JP Morgan and many more. Its offers and services have been proven very beneficial.
The leading firm, FinTech Innovation Lab looks after the mentorship and communication utilising programs. Also, it offers some great deals to help the startups to improve and grow. FinTech Innovation Lab offers various programs that operate within a period of 12 weeks and also, incorporates product feedback, workshops and meetings to encircle a huge range of subjects, weekly.
FinTech Innovation Lab provides opportunities to the startup’s companies to engage and present their business models and technology to various journalists, investors and many more interested people who belong to this field. FinTech Innovation Lab is a leading firm that has succeeded in developing several startup businesses.
Business Incubator Association
Business Incubator Association works by networking or connecting various startup incubators of New York City, some investors and also, the entrepreneurs. It focuses on providing and ensuring startups the connection with investors, gathering incubators for investors and preserving the funding of incubators from the budget of NYS.
Business Incubator Association aims for serving and offering assistance, guidance to as many startups as possible. It looks after the profit and innovation of the startups.
The Business Incubator Association has around 90 distinct startup incubators in New York City. It offers various virtual business incubation programs that work to encourage and support startups belonging to different domains.
Innovate518 is known as the hub of innovation in the capital region of New York City that includes Albany, Greene, Saratoga, Columbia, Rensselaer, Warran, Schenectady and Washington counties.
The incubator is majorly supervised by The University of Albany that provides various services to the startups such as tax incentives and funding at the initial stages of the startup.
Innovate518 looks after the development phases of your startup and provides you with services according to it. It provides several business and financial plannings, legal guidance and mentoring programs, guidance in the commercialization areas, admission and many more. Also, it guides startups with copyright and intellectual property.
Innovate518 provides funding from different sources such as the Chamber of Commercial help, angel investing, Albany SMB development centre and others.
FAQ
How many startup incubators are there?
The U.S.-based International Business Innovation Association estimates that there are about 7,000 incubators worldwide.
What is a startup incubator?
A startup incubator helps new startups that are at a very early stage to grow and succeed. Incubators are designed to help entrepreneurs deal with most of the problems associated with launching a startup.
What is the difference between an incubator and accelerator?
Accelerators focus on scaling a business while incubators are often more focused on innovation.
Conclusion
New York City has one of the biggest startup communities. And, for this New York City provides every possible thing that is required for the startup. These include a huge number of accelerators and incubators, a great number of customers and different additional founder-friendly communities. These are the basic requirements for any startups and therefore, New York City has tons of such services and assistance.
New York City has always been splendid with its development, talents and people. It encourages and supports young minds that have great innovative ideas. It provides such minds with the complete service required for the beginning of any startup. There are tons of startups with great innovative business models. Therefore, it has numerous advanced incubators and accelerators. Through this article, we provided you with some of the top startup incubators in New York City.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byPfizer.
Health and Human Services Secretary Alex Azar said that the US was currently manufacturing doses for all six potential vaccines backed by President Donald Trump’s government across more than 23 manufacturing facilities. These includes vaccines from Moderna, Pfizer, AstraZeneca and Johnson & Johnson, which are all in late-stage testing.
Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio. The Pfizer–BioNTech COVID-19 vaccine is an mRNA-based COVID-19 vaccine that is marketed under the brand name Comirnaty. It is given to people aged 16 and up to protect them from infection with the SARS-CoV-2 virus, which causes COVID-19.
This article will give you a complete Company Profile of Pfizer. Know all about Pfizer history, business model, founders, revenue, acquisition, covid-19 vaccine & more…
Pfizer/BioNTech has filed an application with the US Food and Drug Administration for full FDA approval of its Covid-19 vaccine for people aged 16 and up as of May 2021, according to the companies. This is the first Covid-19 vaccine to be evaluated by the FDA for complete approval in the United States.
The FDA has granted emergency use authorization (EUA) to Pfizer’s mRNA two-shot vaccine for use in the United States. To date, 170 million doses of the vaccine have been distributed throughout the United States, according to the firms.
“We are proud of the tremendous progress we’ve made since December in delivering vaccines to millions of Americans, in collaboration with the U.S. Government,” Albert Bourla CEO of Pfizer, said in a statement.
“We look forward to working with the FDA to complete this rolling submission and support their review, with the goal of securing full regulatory approval of the vaccine in the coming months.”
Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio.
Cholesterol-lowering Lipitor, pain-relieving Celebrex and Lyrica, pneumonia vaccine Prevnar, and erectile dysfunction medication Viagra, as well as arthritis medicine Enbrel, antibiotic Zyvox, and blood-thinning Eliquis, are among the company’s top prescription items. Generic medications and consumer health goods are also manufactured and sold by the company.
In partnership with BioNTech SE, a German biotechnology firm, Pfizer recently produced an mRNA-based vaccine for COVID-19. The vaccine’s efficacy has been verified in several trials to be between 90 and 100 percent.
Pfizer – Mission and Vision
The vision statement of Pfizer is – “Innovate to bring therapies to patients that significantly improve their lives.”
Pfizer mission statement is “to become the world’s most valued company to all of these people.” It zeroes down on the achievements that the company desires while at the same time meeting the expectations of all its patients. It focuses on the company’s desired outcomes while still meeting all of its patients’ needs.
Charles Pfizer and Charles Erhart, cousins who had immigrated to the United States from Ludwigsburg, Germany, founded Pfizer in1849.
The company, which was based on Bartlett Street in Williamsburg, New York, developed chemical compounds, including an antiparasitic called santonin. Both in their mid-20s, the two men started a fine chemicals company in a Brooklyn factory with a loan from Pfizer’s father. Pfizer’s chemist skills were combined with Erhart’s confectioner training in the company’s first product, a palatable anti-parasitic drug that tasted like toffee. It was a huge success, and it set the tone for the company’s future growth.
The American Civil War, which broke out shortly after in 1862, had an equal effect on the emerging pharmaceutical industry as it did on American society as a whole. Drug manufacturers were just as much a part of the “first industrial war” as arms manufacturers. The sudden demand for massive amounts of painkillers and antiseptics for the Union armies, like that of their rival Squibb, presented a huge opportunity to increase production. Pfizer’s sales had doubled since the beginning of the war in 1868, and their product ranges had greatly expanded.
Following the battle, Pfizer began to concentrate on industrial chemicals rather than drugs, manufacturing citric acid for the burgeoning soft drink industry, which fueled the expansion of brands including Coca-Cola and Dr. Pepper in the 1880s. For several years, this was their mainstay, setting the groundwork for their continued expansion. When the supply of tartaric acid was interrupted by the civil war and higher tariffs, Pfizer expanded its production to become the leading chemical supplier in the United States.
Pfizer – Covid-19 Vaccine
In April 2020, Pfizer collaborated with BioNTech to start developing a COVID-19 vaccine in response to the coronavirus pandemic. The BNT162b2 vaccine candidate is an mRNA vaccine. The drug-maker announced in November 2020 that results from Phase 3 clinical trials showed the vaccine was safe and reliable, with a 95 percent efficacy rate. It needs two doses, separated by 21 days.
Pfizer and BioNTech submitted an emergency use permission request to the FDA a few days after the positive clinical trial results were announced. The FDA approved the Pfizer-BioNTech COVID-19 vaccine for distribution in the United States on December 11, 2020.
Pfizer’s company name is after the founder Charles Pfizer and its logo is shaped like a tablet of medicine. The oval-shaped logo is a powerful brand identity that conveys a message of optimism, well-being, and progress. As opposed to the initial limit “P,” the letter “f” is intentionally made larger.
The tagline outlines Pfizer’s purpose, “Breakthroughs that change patients’ lives.”
Pfizer’s Company Logo
Pfizer – Business Model
Pfizer Innovative Health and Pfizer Essential Health are the company’s two commercial divisions.
Pfizer Innovative Health is dedicated to the development and commercialization of pharmaceuticals and vaccines. Internal medicine, vaccination, oncology, inflammation and immunology, rare diseases, and consumer healthcare are among IH’s therapeutic fields.
Legacy labels, branded generics, generic sterile injectable drugs, biosimilars, and infusion systems are all included in the Pfizer Essential Health category. EH also has a research and development department, as well as a contract manufacturing division. Prevnar 13, Xeljanz, Eliquis, Lipitor, Celebrex, Pristiq, and Viagra are some of the company’s brands.
The table below highlights some of the key financial metrics of Pfizer (extracted from the company’s annual reports)
Financial Metric
2020 (In Millions)
2019 (In Millions)
Total Income
$9,616
$16,273
PAT(Margin)
-11.89
219.75
Equity Share Capital
45.75
45.75
Net Fixed Assets
2513.05
2127.65
Pfizer – Revenue and Growth
Pfizer’s COVID-19 vaccine sales exceeded analyst expectations by about 60%. As of mid-April 2021, the company produced 1.6 billion doses of the vaccine under signed contracts. Pfizer’s operating sales increased by 8% even without revenue from the COVID-19 vaccine.
With exclusivity for Pfizer’s second-best-selling medication, Lyrica, expected to expire in June, the pharma expects a $2.6 billion sales hit from competitive pressures, almost $1 billion more than in 2018.
As of November 2020, Pfizer’s Covid-19 vaccine, made in partnership with the German firm BioNTech, was stored at subzero temperatures, and there were lots of distribution challenges in rolling it out in the weeks ahead.
Pfizer is “running at critical supply limitations,” Dr. Bourla, the CEO said, adding that he hopes the government deploys the Defense Production Act to solve the problem.
Meanwhile, the FDA contacted Pfizer about a different problem with its vaccine. According to some press accounts, several pharmacists giving the shots found that each vial contained more than the planned five doses. They wondered if they could eke out another dose, or even two, from the leftovers.
Pfizer – Future Plans
Pfizer has revealed plans to increase sales in Latin America, Eastern Europe, and Asia, which are all developing markets. The organization will use its global reach and product portfolio to provide health solutions to the rising and underserved population of middle-income patients in these areas.
The company identified four factors that will aid its expansion in the developing Asian pharmaceutical market, which is worth $47 billion. Expanding its current presence in high-growth markets, establishing leadership in oncology, tailoring portfolio offerings to local consumer needs, and leveraging global manufacturing and R&D in Asia are among these factors.
Pfizer expects to spend $5 billion in capital projects in the United States over the next five years, including expanding its manufacturing footprint in the country. In 2019, it announced an additional half-billion-dollar investment in Sanford, North Carolina, for the construction of a cutting-edge gene therapy manufacturing facility.
Pfizer – FAQs
What does Pfizer do?
Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio.
Who founded Pfizer?
Charles Pfizer and Charles Erhart, cousins who had immigrated to the United States from Ludwigsburg, Germany, founded Pfizer in 1849.
Which companies do Pfizer compete with?
The top competitors of Pfizer are Merck, Novartis, BMS, Johnson & Johnson, GSK, Abbott, Cipla, Roche, Eli Lilly, Bayer.
