Tag: paytm

  • The Growth Of Esport Market In India: The New Booming Industry

    Esports is a form of sport competition using video games which is often organized into multiplayer video games, particularly between professional players, individually or as team. Esports has managed to take over the market in India mainly because of the growth and promotion done on online streaming platform such as Youtube and Twitch. The word “esports” is getting increasingly popular by the day thanks to the multiplayer online games like PUBG and Fortnite.

    The masses still don’t know that the esports industry is more than a decade old and has just shot up in India in the past few years with more developers and investors jumping into the sector. The most common video game genre of esports are multiplayer online battle arena (MOBA), first person shooter (FPS), fighting, card games, battle royale and real time strategy (RTS). The popular franchises include League of Legends, Dota and Counter strike.

    Although the legitimacy of esports as a true sporting competition remains in question, they have been features alongside traditional sports in events such as Asian games, while even the International Olympic Committee are also discussing their inclusion into the future of Olympic events. In India esports accounted for around 4% of all online gaming users and 9.13% of aggregate revenue out of the overall online gaming market in FY20. The growth in esports prize money pool by 123.3% during 2016-2018 has attracted gaming enthusiasts to become professionals

    Esports in India
    Esports Market During Covid-19
    Best Esport Games in India
    Role of The Stakeholders
    Esport as a Career Option
    Rise in Esport Prize Money Pool
    Smartphone Penetration
    Emergence of Esports Café
    Rise in Startup Investments
    Frequently Asked Questions


    Growth analysis of gaming industry globally and In India.
    The global gaming market was valued at $ 151.55 billion in 2019 . This industryis expected to reach a value of $ 256.97 billion by 2025. It is expected toregister a CAGR of 9.17% over the period (2020 – 2025). Gamer’s experience iswhat all the emerging comapnies are focusing at. Every company i…


    Esports in India

    According to Forbes, India ranks 16th, with a total revenue of $1.17 billion (8,000 crore approx.). Comparatively to, North America is estimated to generate revenues of almost $409 million in the next four years while China known to have largest gaming market in the world, with a total revenue of $37.9 billion (Rs 26.11 lakh crore approx.) in 2018, followed by US, Japan and Korea. This shows there is huge potential in the esports market and India needs to tap into that space.

    In 2010, India only had 25 game developers whereas now we have 250 more joining the list every year. Corporate giants like Paytm, Alibaba, Tencent and even Nazara have been investing heavily in the Indian gaming market, which is currently one of the top 5 countries in terms of mobile gaming. Most of the revenue generated in esports is sponsored by companies like Asus, Oppo which have been funding to organize and promote esports competitions in India.

    Popular esport events in India
    Popular esport events in India

    Apart from the local tournaments like PUBG Mobile India Series 2019, for the first time, Mumbai is set to play host to one of the biggest esports gaming event, ESL (Electronic Sports League) which will see Dota 2 players from across the globe compete in the two-day tournament. According to a Forbes report, as of October 31st 2019, 285 players from India had earned $216,761.38 (Rs 1.49 crore) in various esports tournaments and games, ranking India at number 64.


    MPL ( Mobile Premier League) – Founder | Story | Revenue | Business Model
    As per a KPMG report[https://assets.kpmg/content/dam/kpmg/in/pdf/2019/08/india-media-entertainment-report-2019.pdf] published in 2019, over 300 million people in India play online games. Onlinereal-money gaming that entered India around a decade ago, is also gaining muchpopularity, the reason b…


    Best Esport Games in India

    Counter Strike

    Counter Strike remains the most popular and most played esports in India. Counter Strike was released in 2012. Since 2012 Counter Strike has been India’s most popular esports game. India was not a hub for esports back then. But now Indian esports are being recognized at an international level and getting international investments too. Counter Strike is a multiplayer first-person shooter which pits two teams against each other. Competitors are given the task of eliminating the other while completing separate objectives.

    Dota 2

    Dota 2 is one of the first esport that comes to mind while talking about India’s most popular esports games. Dota 2 is a multiplayer online battle arena. The two featured teams can have 5 players each. To win Dota 2, each team has to destroy the opposing structure while defending theirs. Players have more than 100 characters to choose from. Each character has unique abilities, playing styles, and attributes.

    Esports Market During Covid-19

    The paradigm shift in the way Indians consume content and the way people socialize online has acted as a catalyst for man attention economy sectors including online gaming. According to a report by Barc and Nielson the number of smartphone game users per week grew from 60% in pre Covid times to 68% during the lockdown. Similarly the mobile games per user spent went from 151 minutes before covid 19 to 218 minutes after the lockdown.

    Esports has a huge potential in the Indian market because of the high youth population.  The esport segment has online gaming has witnessed significant growth in India in the past few thanks to proliferation of high end smartphone at affordable prices, as well as the rise of mobile games such as PUBG mobile, Free Fire, Clash of Legends, call of duty Mobile among PC and Console games.

    Along with deeper penetration for high speed 4G internet and a rise in the number of online gamers the esports market has all the ingredients for growth. The aggregate revenue of esports startups and companies in India reached $68 Million in FY2020 and is projected to grow by CAGR 36% in the next 3 years, as per Inc42 Plus analysis of 36 companies including Jetsynthesys, Nazara technologies, Usports, Gamerji among others.

    India's online gaming revenue growth to hit inflation point
    India’s online gaming revenue growth to hit inflation point

    Role of The Stakeholders

    From e-commerce platforms like Flipkart to Asus, high end gaming hardware manufacture s like Asus as each platform play a major role in making sure that budding gamers and professional get the required accessory or hardware. According to Leon Yu, Regional Head for India and South Asia, ASUS, “most gamers these days demand LCDs, mobility of hardware and mostly importantly performance. We have also ensured that affordability and performance is catered to with our new series of ROG gaming laptops, which start at Rs 50,000.”

    In terms of affordability and availability, ecommerce platform like flipkart and amazon make sure that customers get the products at a cheaper price. Looking at the market opportunity, even unicorns such as Paytm and Hike have doubled down on games. While Paytm launched Paytm First Games as a multi-game platform, Hike-backed WinZO has also been growing rapidly and has raised plenty of funding in the recent months.

    Connectivity is quintessential for the growth of the gaming industry and telecom providers too have been working around the clock to not only provide users with affordable data plans, but also work towards make high-speed data accessible across India. According to Anurag Khurana, Head of Esports, Reliance Jio Infocomm Limited, “In terms of data availability, Reliance Jio has setup 3,00,000 mobile towers and spread around 3.5 million km of high-speed broadband cables across India in order to improve the connectivity because I feel low latency is key for online gaming.”


    Growth analysis of gaming industry globally and In India.
    The global gaming market was valued at $ 151.55 billion in 2019 . This industryis expected to reach a value of $ 256.97 billion by 2025. It is expected toregister a CAGR of 9.17% over the period (2020 – 2025). Gamer’s experience iswhat all the emerging comapnies are focusing at. Every company i…


    Esport as a Career Option

    Currently there is not much scope for professional gamers in India as the infrastructure and the ecosystem is not ready to support a lucrative livelihood for many. According to Akshat Rathee, “choosing to be a gamer is a risky proposition in India as there is not much scope. However, there are other avenues one can explore in the gaming industry. People can choose a career in game commentary, choose to be an influencer where they can play games and talk about it, or a coder who can write code to build AI for games.

    Data handlers are also a good option where they can track data issues and then the biggest avenue is voice-over artistes as many developers will look to localize game content for Indian gamers. A career in esports or gaming in India can easily earn you anywhere from Rs 50,000 to Rs 2 lakh in a month. Since esports doesn’t require any extreme physical strength, it is a gender neutral space. Sasha Hostyn is one of the most successful women in professional esports and recently won the Intel Extreme Masters 2018 tournament, taking home $50,000 (Rs 34.45 lakh).

    Rise in Esport Prize Money Pool

    As indicated earlier, esports has seen rising participation from Indian players as the prize money across esports tournaments has been on an upward trajectory since 2016. The entry of PUBG Mobile in India was game changing moment as it provided gamers a career option. As per sensor tower data for July 2020, out of PUBG Mobile 734 Mn downloads globally, India was the ranked top in terms of downloads, with 175 Mn installs or 24% market share.

    The growth rate of Esports prize money in India
    The growth rate of Esports prize money in India

    Of course, much of this growth has been in recent years, whereas esports is already a multi-billion dollar business in the US and China. So relatively speaking, India has a long way to go in terms of revenue and income for players, despite outpacing China and the US in terms of downloads. To put in perspective, in 2019, esports tournaments in the US offered over $40 Mn in prize money, while India’s largest tournaments the PUBG Mobile India Series 2020 offered Rs 50 Lakh as total prize money.

    Smartphone Penetration

    Aside from the internet penetration and demographic fit, esports market in India has been driven by the proliferation of high performance smartphones and increasing presence of gaming related. The number of smartphone users in India grew at a CAGR of 15% during 2015 to 2020. The growing demand for digital services for information, entertainment and communication through apps such as Facebook, Whatsapp and YouTube have led to matured segment like esports.


    Top 10 Online Fantasy Gaming Companies in India: Dream11, MPL,Cricplay
    Time and again, an app comes into play that floods up the market share. OnlineFantasy Games has become more common in the last 2 decades and shockingly it hassecured top gear in India. Because, by creating your own imaginary team, if youcould earn some real money, then, why not? One gaming app h…


    Emergence of Esports Café

    Esport cafes are not only a way for people to play games without owning the requisite hardware, but this is where the competitive mentality is built through amateur tournaments. India is home to an estimated 350-plus such esports cafes with PC hardware giant NVIDIA announcing plans to expand its gaming footprint in India by adding 100 more cafes. Nemesis Gaming, League of Extraordinary Gamers (LXG) and Circle Gaming are few major esports cafe startups in India.

    Rise in Startup Investments

    The demand for competitive gaming rises in India, the esports and gaming segment is attracting adequate investor interests. Between 2014 and H1 2020, the total venture capital funding in Indian gaming startups was $448 Mn, according to Inc42 Plus. Among the gaming startups, the top-funded startups are Dream11 with $100 Mn in total funding, followed by Smaaash Entertainment with $82.6 Mn in funding and Nazara Technologies with $79 Mn.

    Frequently Asked Questions

    How to get into esports in India?

    You need to pick one famous game and practice it well. Get as many wins as possible. The best thing to join esport is to join a league or play in an online tournament. The entry fees are very less. It gives you chance to play against high-level players.

    Which are the best esports games in India?

    Counter Strike, Dota 2, League of Legends, Overwatch are some of the best esports in India.

    How esports organizations make money?

    Esport organizations make money through content and tournament performance.

    Does esports have a future in India?

    Esports as an industry has unlimited scope in India. According to the Indian Federation of Sports Gaming, Esports will see rapid growth in the country and reach a cumulative revenue of up to ₹11,900 Crore.

  • List of Indian Companies With Chinese Investment | Indian Startups Funded by China

    With the tension escalating at the Indo-China border, the Chinese-funded companies in India are currently at risk. The people of India are now boycotting Chinese manufacturers and organizations that sell their products in India. As a result, Indian startups funded by Chinese investors are also facing severe backlash.

    Among India’s top 30 companies and startups (entrepreneurial ventures worth over $1 billion), 18 have received funding from the Chinese.

    Chinese investors are quick in identifying the potential in Indian startups. They find investing in India enticing because India has an attractive risk-return trade-off and remains the second-fastest growing economy in the world. Chinese investors have funded over 18 Indian unicorns; it amounts to around $3.9 billion in investment in 2019. But the growing conflict between the two countries is making it challenging for these unicorns to receive further investment capital from China.

    1. BigBasket
    2. Dailyhunt
    3. Healofy
    4. Paytm Mall
    5. Paytm
    6. TicketNew
    7. Vidooly
    8. XpressBees
    9. Snapdeal
    10. Zomato
    11. BYJU’s
    12. Ola
    13. Doubtnut
    14. Flipkart
    15. Niyo
    16. Gaana
    17. Khatabook
    18. MX Player
    19. MyGate
    20. Pine Labs
    21. Pocket FM
    22. Practo
    23. Swiggy
    24. Udaan
    25. Hungama Digital Media Entertainment Pvt. Ltd
    26. Marsplay
    27. Oye! Rickshaw
    28. ShareChat
    29. ZestMoney
    30. OYO
    31. PolicyBazaar
    32. Delhivery

    BigBasket

    Chinese Investor: Alibaba

    Indian Companies with Chinese Investment
    Bigbasket – Chinese Investment In India

    BigBasket is an Indian online grocery delivery service. Alibaba invested in BigBasket in 2018. The investment assists BigBasket in competing with the US-based Amazon and India’s Flipkart. The company’s valuation exceeded $1 billion with the help of Chinese investment. The decision to boycott Chinese products affected BigBasket in several ways.

    Dailyhunt

    Chinese Investor: Alibaba

    Indian Companies with Chinese Investment
    Dailyhunt – Chinese Investment In India

    Dailyhunt is one of the fastest-growing startups in this list. Dailyhunt is an Indian news content aggregator. It is considered as one of the world’s top mobile applications for staying abreast of the latest happenings across the globe. With 22 million users and 30 billion page views per month, Dailyhunt has indeed cemented its status in the Indian startup ecosystem. Alibaba holds an investment in Dailyhunt.

    Healofy

    Chinese Investor: Ant Financial

    Indian Companies with Chinese Investment
    Healofy – Chinese Investment In India

    Healofy is India’s largest women-oriented social network; it helps women connect with other women. Healofy raised $1 million in seed fund from Omidyar Network in 2018. Healofy then received $8 million in fresh funding from Alibaba-backed parenting platform BabyTree Group and BAce Capital, a fund anchored by Alibaba’s Ant Financial.

    Paytm Mall

    Chinese Investor: Alibaba

    Indian Companies with Chinese Investment
    Paytm Mall – Chinese Investment In India

    Paytm launched the Paytm Mall app in Feb 2017. Paytm Mall follows a business to consumer model. It is an e-commerce platform that allows consumers to shop from 1.4 lakh registered sellers. Alibaba invested in Paytm Mall for a 40% stake but refused to fund Paytm Mall further. Paytm is one of the biggest e-commerce organizations to be featured in this list of Chinese-funded companies in India.

    Paytm

    Chinese Investor: Ant Financial

    Indian Companies with Chinese Investment
    Paytm – Chinese Investment In India

    Paytm is an Indian e-commerce payment system and financial technology organization. Paytm was valued at $10 billion in January 2018. Paytm valuation was $16 billion in 2021. Ant Financial has become the largest shareholder in One97 Communications, the parent company of Paytm, by investing $680 million.

    TicketNew

    Chinese Investor: Alibaba

    TicketNew - Chinese Investment In India
    TicketNew – Chinese Investment In India

    TicketNew is a privately owned company that provides online ticket booking services for movies, theatre plays and sports. Chinese e-commerce giant, Alibaba has reportedly provided over $30 million in funding to TicketNew and has acquired the ticket booking platform..

    Vidooly

    Chinese Investor: Alibaba

    Indian Companies with Chinese Investment
    Vidooly – Chinese Investment In India

    Vidooly is an online video analytics and marketing company. It provides video analytics tools and video marketing services. Vidooly raised over INR 15 crores from the Alibaba group.

    XpressBees

    Chinese Investor: Alibaba

    Indian Companies with Chinese Investment
    XpressBees – Chinese Investment In India

    XpressBees is an e-commerce logistics firm that offers delivery, order management, shipping, and tracking services. Founded in 2015, XpressBees secured over $35 million in funding from Alibaba in 2017. Again in 2019, the e-commerce giant invested $10 million in the logistics starteup.

    Snapdeal

    Chinese Investor: Alibaba

    Indian Companies with Chinese Investment
    Snapdeal – Chinese Investment In India

    Snapdeal is an Indian e-commerce behemoth. Snapdeal received over $500 million in funding from three of Asia’s largest tech companies: Alibaba, Foxconn, and SoftBank. Snapdeal is another e-commerce giant that made it to this list of Chinese-backed companies in India.


    Jack Ma: China’s Richest Man And Co-Founder Of Alibaba| Jack Ma Story
    Quite often you would come across motivational and awe inspiring posts of howJack Ma dealt with his struggles. Jack Ma’s net worth is $44.3 billion, Jack Mais China’s richest man and one of the richest individuals in the world. Startinghis career as an English teacher, he co-founded one of the la…


    Zomato

    Chinese Investor: Alibaba

    Indian Companies with Chinese Investment
    Zomato – Chinese Investment In India

    It is an Indian restaurant aggregator and food delivery start-up that provides information, menus, and user-reviews of restaurants. Zomato also offers food delivery options from partner restaurants. Zomato has raised over $150 million from Alibaba.

    BYJU’s

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    BYJU’S – Chinese Investment In India

    BYJU’S is an Indian educational technology (edtech) and online tutoring firm. It is considered as the largest ed-tech company in the country as well. Tencent, one of Asia’s largest valued Chinese tech company investor, has invested in Byju. The amount invested on the ed-tech was undisclosed.

    Ola

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Ola – Chinese Investment In India

    Ola Cabs is an Indian ride-sharing company offering services that include peer-to-peer ridesharing, ride service hailing, taxi, and food delivery. Ola was founded by Bhavish Aggarwal and Akit Bhati. Ola raised over $1.1 billion in funding from Tencent.

    Doubtnut

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Doubtnut – Chinese Investment In India

    Another ed-tech company, Doubtnut is an Indian online tutoring platform. Doubtnut operates as an e-learning platform that enables users to ask questions related to Physics, Chemistry, and Math. Tencent provided over $15 million funding to Doubtnut in the year 2020..

    Dream11

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Dream11 – Chinese Investment In India

    Dream11 is a fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, and basketball. Tencent has a $100 million investment in Dream11 in the year 2018. Dream11 has become the first Indian gaming company to enter the unicorn club.

    Flipkart

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Flipkart – Chinese Investment In India

    It is an Indian e-commerce company based out of Bangalore, India. Flipkart was founded in 2007 and has been one of the e-commerce giant in India by serving . Chinese investor Tencent Holdings  have invested more than $300 million in Flipkart.

    Niyo

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Niyo – Chinese Investment In India

    Niyo is one of India’s largest and fastest-growing fintech ventures with the vision of making banking simple, smart, and transparent for everyone. Niyo got its funding from Tencent, although the amount raised were not disclosed to the public.

    Gaana

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Gaana.com – Chinese Investment In India

    It is the largest Indian commercial music streaming service. Gaana.com was founded in 2012. Gaana raised over $115 million from the Chinese internet giant Tencent. Again in 2020, Tencent invested $50 million and in 2021 another $40 million on the music streaming app.

    Khatabook

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Khatabook – Chinese Investment In India

    Khatabook is a mobile app targeted towards small shopkeepers and kirana store owners in India. Khatabook app helps them manage their books by tracking the money owed to them through the means of a digital ledger. Tencent has invested over $75 million in Khatabook app.

    MX Player

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    MX Player – Chinese Investment In India

    MX Player is an entertainment app that offers its viewers quality, digital-first content, it is a very popular OTT service in India for giving access to many exclusive content to it audinence. MX Player gained popularity as an Indian OTT platform. Tencent has invested over $11q million in MX Player in the year 2019.

    MyGate

    Chinese Investor: Tencent

    MyGate - Chinese Investment In India
    MyGate – Chinese Investment In India

    MyGate is an India-based security and community management app for gated premises. The security management startup raised an undisclosed amount from Chinese tech company Tencent in the year 2019.

    Pine Labs

    Chinese Investor: Tencent

    Pine Labs - Chinese Investment In India
    Pine Labs – Chinese Investment In India

    Pine Labs is an fintech startup and an Indian merchant platform company. Pine Labs provides financing and last-mile retail transaction technology through its help your business can accept different modes of payment. Tencent has invested and undisclosed amount in Pine Labs.

    Pocket FM

    Chinese Investor: Tencent

    Indian Companies with Chinese Investment
    Pine Labs – Chinese Investment In India

    Pocket FM is a social audio platform for Indian languages where users can find great quality audio content comprising audiobooks, stories, and podcasts. Tencent invested in this entertainment app, although the amount invested was not disclosed to the public.

    Practo

    Chinese Investor: Tencent

    Practo - Indian Companies with Chinese Investment
    Practo – Indian Companies with Chinese Investment

    It develops and distributes medical information systems. Practo Technologies Private Limited offers an online software platform that provides automated appointment scheduling, billing solutions, and storage of medical records. Practo raised over $55 million from Tencent.

    Swiggy

    Chinese Investor: Tencent

    Swiggy - Indian Companies with Chinese Investment
    Swiggy – Indian Companies with Chinese Investment

    Swiggy is one of the most popular a food delivery company in India. Swiggy is one of the unicorn in India and in fact, it is also India’s fastest unicorn. In 2018, Tencent invested on Swiggy again in 2020, Swiggy got a good amount funding from Tenvcent. Both the times, the amount is not diclosed.

    Udaan

    Chinese Investor: Tencent

    Udaan - Indian Companies with Chinese Investment
    Udaan – Indian Companies with Chinese Investment

    Udaan is a network-centric B2B trade platform designed specifically for small and medium-scale businesses in India. Udaan brings traders, wholesalers, and retailers into one place. Udaan raised funds from Tencent,the amount invested was not diclosed.

    Hungama Digital Media Entertainment Pvt. Ltd

    Chinese Investor: Xiaomi

    Hungama Digital Media - Indian Companies with Chinese Investment
    Hungama Digital Media – Indian Companies with Chinese Investment

    Hungama Digital Media Entertainment serves as an aggregator, developer, publisher, and distributor of Bollywood and Asian entertainment. Xiaomi made its first investment in an Indian company by pouring $25-million in Hungama Digital Media Entertainment.

    Marsplay

    Chinese Investor: Xiaomi

    Marsplay - Indian Companies with Chinese Investment
    Marsplay – Indian Companies with Chinese Investment

    Marsplay is an online platform that allows users to discover and share fashion and beauty tips. Marsplay Internet Private Limited, the parent company of Marsplay, raised funding from Xiaomi in 2018, although the exact amount was not disclosed.

    Oye! Rickshaw

    Chinese Investor: Xiaomi

    Oye! Rickshaw - Indian Companies with Chinese Investment
    Oye! Rickshaw – Indian Companies with Chinese Investment

    Oye! Rickshaw is an electric rickshaw mobility platform that connects driver-partners and users. The best part is it is environment-friendly and is on a mission to make people commute without any problem. Oye Rickshaw raised an undisclosed amount of funding from Xiami in 2020.

    ShareChat

    Chinese Investor: Xiaomi and ShunWei Capital

    ShareChat - Indian Companies with Chinese Investment
    ShareChat – Indian Companies with Chinese Investment

    ShareChat is an Indian Social networking service, and it was incorporated on January 8, 2015. The main attraction of this app is that it support over 15 languages. ShareChat raised funds from Xiaomi and ShunWei Capital, a Chinese venture capital firm. Both the investment amount was not disclosed

    ZestMoney

    Chinese Investor: Xiaomi

    ZestMoney - Indian Companies with Chinese Investment
    ZestMoney – Indian Companies with Chinese Investment

    ZestMoney is the largest and fastest-growing consumer lending fintech company in India. ZestMoney’s platform enables instant approval and disbursal of small-ticket loans. Xiaomi invested an undisclosed amount in ZestMoney in 2018.

    OYO

    Chinese Investor: Didi Chuxing

    OYO - Indian Companies with Chinese Investment
    OYO – Indian Companies with Chinese Investment

    OYO, the multinational hospitality chain is famous for its budget rooms and it is considered the biggest network of hotels in India. It is also spread in more than 199 cities and serves its people. In the year 2019. Didi Chuxing a transport company invested $100 million in OYO.

    PolicyBazaar

    Chinese Investor: Tencent

    Policy Bazaar - Indian Companies with Chinese Investment
    Policy Bazaar – Indian Companies with Chinese Investment

    Policy Bazaar is a company that provides online life insurance and general insurance. The Indian multinational fintech company has been here for 14 years and has been serving people. Tencent invested $150 million in PolicyBazaar in the year 2019.

    Delhivery

    Chinese Investor: Fosun

    Delhivery - Indian Companies with Chinese Investment
    Delhivery – Indian Companies with Chinese Investment

    This Indian logistics and supply chain company’s main service is to transport parcels and provide third-party logistics for e-commerce companies. In the year, 2017 Fosun, a Cho9nese conglomerate company invested $3o million in Delhivery.

    FAQs

    How many Chinese companies are there in India?

    There are 105 Chinese companies in India.

    Is BigBasket funded by China?

    BigBasket is an Indian online grocery delivery service. Alibaba invested in BigBasket in 2018. The investment assists BigBasket in competing with the US-based Amazon and India’s Flipkart. The company’s valuation exceeded $1 billion with the help of Chinese investment.

    Is flipkart funded by China?

    Flipkart is an Indian e-commerce company based out Bangalore, India. Chinese investors like Tencent Holdings and Steadview Capital have invested more than $300 million in Flipkart.

    Is Paytm owned by China?

    Paytm launched the Paytm Mall app in Feb 2017; Paytm Mall follows a business to consumer model. It is an e-commerce platform that allows consumers to shop from 1.4 lakh registered sellers. Alibaba invested in Paytm Mall for a 40% stake but refused to fund Paytm Mall further.

    What are the Chinese Investment Companies in India?

    Top Chinese Investment Companies in India are:

    • Tencent
    • Alibaba
    • Xiaomi

    How many Chinese companies are listed in Indian stock market?

    There are a total of 16 Chinese FPIs registered in India.

    What are the top companies that received funding from Chinese company in India?

    Top companies that received funding from Chinese company in India are:

    • Bigbasket
    • Dailyhunt
    • Paytm
    • Dream11
    • Ola
    • BYJU’s
    • Flipkart
    • Swiggy
    • Udaan
    • Practo
  • Startups funded by Paytm

    Entrepreneurship is one of the growing professions in the recent years, and cohorts of entrepreneurs are working towards growing their own startups with unique solutions and actionable ideas. Startups with innovative ideas and a roadmap to build a fortune out of them are often funded by venture investment firms that offer private equity finances to startups in need of funds in return for a fraction of the company itself. While discrete firms  exist for such investment, larger corporations including Alibaba and Google haven’t held back from this either.

    Indian fintech giant Paytm, since the previous decade has also made about 17 investments and 11 acquisitions as of March of 2021, and has supported the startup ecosystem in India, and abroad. Other Indian corporations including giants like Reliance and Flipkart have made their share of investments as well, and have helped boost entrepreneurship in the country. In this article, we discuss the top 10 most recent and innovative startups funded by Paytm, and the solutions they have to offer.

    Rooter
    HungerBox
    Infinity Infoway
    Jugnoo
    Tap Chief
    CreditMate
    Unacademy
    LogiNext
    Nearbuy
    QorQL

    Rooter

    Rooter, India’s largest online sports community app has raised a total of $2.7 million over 4 funding rounds from 16 investors, with the latest investment raised in the May of 2020 in Series A funding. The sports community app endeavors to connect users and personalize sports related content for the 300 million Indian sports enthusiasts while also allowing them to curate sports related content in their own preferred language. Users can play and stream popular games such as Valorant, Free Fire, and PUBG, view live streams, switch languages, and avail a lot more amenities such as giveaways and more.

    HungerBox

    HungerBox is a full-stack B2B food and beverage tech company that offers corporate level food solutions through an online platform allowing employees to order food and avail delivery service from cafeteria. HungerBox has thus far raised over $44 million from 10 investors over 8 funding rounds. The technology driven food delivery service aims to boost employee productivity in the corporate world and offer a safe and healthy food experience. HungerBox offers a User App for seamless ordering, a Food Partner POS for user interaction along with an Admin Dashboard for detailed reports and monitoring cafeteria reports.


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    Infinity Infoway

    Founded in 2004 and primarily a travel focused technology company, Infinity Infoway is a software house that builds web, mobile, and software applications, offering digital solutions to business organizations. In the December of 2019, Infinity Infoway was funded by Paytm in the corporate round, where it raised an undisclosed amount. With an endeavor to create unique user experience, Infinity Infoway offers solutions ranging from CRM and SCM to travel and outsourcing to university resource planning. Inn 2011, it was awarded the Outstanding Entrepreneurship Award in MSEs, and currently has offices in both India and abroad.

    Jugnoo

    Jugnoo Startup Story – Founder, Business Model, Funding, Team
    Auto rickshaws are an essential medium of transportation in India, especially intier 2 and tier 3 cities. However, the sector is still unorganized. Owing tothis, many of the times, the auto-rickshaw drivers have to sit idle, while manycommuters have to face inconveniences finding auto rickshaw. T…

    Jugnoo Startup Story

    Founded in 2014, Jugnoo is India’s largest technology driven ride sharing platform and an on-demand auto rickshaw aggregator, that allows users spanning across 40 major cities to connect with drivers with reliable and convenient auto rickshaw for safe commute. Jugnoo has raised about $40 million in funding thus far over 4 funding rounds from 8 investors including Paytm and Snow Leopard Technology Ventures. Along with ride sharing, Jugnoo also offers various other services including trucking and delivery services, Employee transportation, carpooling, along with shuttle and towing services.

    Tap Chief

    Tap Chief, founded in 2016 and acquired by Unacademy as of now is a cohesive platform for finding experts in varying fields and scheduling calls with them to procure necessary advice. Tap Chief has garnered a sum of $2.5 million from 16 investors over 9 funding rounds, with the latest investment having taken place in December of 2019 in the Seed round. Tap Chief started out with a vision and as a group of college students, and has thus far helped 150K entrepreneurs to work with over 250 customers, and has driven over INR 20 Crore in income.

    CreditMate

    Founded in 2016, CreditMate is a platform that addresses the collection of bounced EMIs and bad debt through facilitated by SaaS. Powered by innovative tech and digital-first communications, CreditMate has thus far raised about $5.5 million from 2 investors over 3 funding rounds, and looks to empower borrowers with a better credit score as well as the lenders with an enhanced lending performance. With a focus on helping customers to pay their debt, CreditMate is working with various money lenders including Paytm and Kaarva to offer seamless payments and EMIs, along with a unique borrower experience.

    Unacademy

    Unacademy – EdTech Platform that Reshapes Education | Business Model
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Classroom learning is seen as a hindrance by many to discover new things, and alot of students ar…

    Unacademy Success Story

    Unacademy is one of India’s largest EdTech startups, and offers an online learning platform to both students and educators in the form of a plethora of video lectures and exam preparation courses. Unacademy has garnered a total funding of over $398 million, over 11 funding rounds from 36 investors including some tech giants such as Tiger Global and Nexus Ventures along with Paytm. It offers courses on various subjects for some popular and notoriously tough exams including UPSC, SSC, NEET, JEE, among others along with an intuitive interface for both, the mobile app and the website, allowing users to watch missed classes, and enroll with different instructors.

    LogiNext

    LogiNext is a logistics management software designing company, that helps users track and optimize field services such as shipments and carriers in real-time with a single map interface. LogiNext has garnered a total funding of about $49.6 million from 6 investors and over 3 funding rounds, including some big name such as Tiger Global and Paytm. While the latest funding round was closed in January of 2020, LogiNext had a post-money valuation between $100 ad $500 million, and has acquired Your Guy, a product delivery company in April of 2016.


    Relevant Read:


    Nearbuy

    Founded in 2011, Nearbuy is India’s first hyper-local E-commerce platform and a one-stop solutions to find and buy almost anything ranging from dinner reservations to salons and spas. Nearbuy has amassed a total investment of over $37 million over 3 funding rounds from 2 investors until it was acquired by Paytm in the December of 2017. Nearbuy also offers various cashbacks, promo codes, and giftcards on restaurant payments and movie tickets along with other discounts on popular brand and offerings such as Rapido, Myntra, and Oyo among many others.

    QorQL

    QorQL is a connected health platform and offers healthcare solutions using AI and big data algorithms advances. QorQL in 2017 raised an undisclosed amount in Corporate funding round from Paytm, and is looking to deploy the funds into digitizing healthcare by combining data from wearable healthcare and clinical devices, and the genome, and using Machine Learning algorithms to use the data and find solutions in the field of healthcare. QorQL has also acquired Raheja QBE, a general insurance service, in the July of 2020 for $76 million.

    Conclusion

    The startup Ecosystem in India has been around for over a couple of decades now, but has just recently received the boost that it needs. With larger corporations and investment firms pouring investments in innovative startups, the room for actionable ideas has expanded, and Paytm hasn’t backed out either. Even other tech giants have launched various incubator programs to help startups with funding and resources, and with all the support and investments from venture firms and big corporations, it is safe to assume that the future of startups in India is propitious to say the least.

  • What is Paytm Mafia – Case Study

    Paytm was founded in the year 2010 by Vijay Shekar Sharma headquartered in NCR region in the nation’s capital. It was started as an online wallet and since then had revolutionized the retail industry. Paytm offers a wide variety of services from prepaid mobile recharge, paying utility bills online, booking train tickets, booking movie tickets, pay insurance premiums, shopping bills and get in the fast lane with Paytm FasTag, shopping for clothes and appliances.

    What is Paytm mafia
    Startups Founded by Paytm Mafia
    Startups Funded by Paytm Mafia
    FAQ

    What is Paytm mafia

    The term startup mafia is derived from the term ‘PayPal mafia’ where former employees of PayPal begin their own ventures. The startup mafia helps one another by providing support, investments, and mentoring to help upcoming startups.

    The startup mafia accounts for a sizeable portion of the Indian startup ecosystem, as former employees of unicorns such as Flipkart, Paytm and Ola have gone to begin their ventures.

    Well, Paytm is a huge organization that has hired more than 5,000 employees. Some of these employees quit their jobs to build a new venture after growing experience in building scalable products.


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    Startups Founded by Paytm Mafia

    Junio

    Junio is a fintech startup that build products for children, such as a pocket money app. Founded by ex-Paytm employees Shankar Nath and Ankit Gera, they received funding of $1 million from angel investors. The company targets kids in the range of Class 4 to Class 10 and plans to onboard over 2.5 million users by 2024.

    One of the vital things, the former Paytm executive learned from his tenure in Paytm is the power of collaboration. Where they worked with more than 100 brands on their consumer promotions.

    Another takeaway from their experience in Paytm is to build a product in a simple and usable manner. One needs to understand where the system breaks and move carefully while building a product. The only competitor right now to Junio is sequoia funded Fampay that also exclusively caters to children.

    The idea of letting your kid manage their financials by providing them money is quite a new concept in India. Junio seeks to digitize pocket cash and nurture finance knowledge in children at quite an early age.

    Park+

    Park+ is an app-based platform for B2B businesses and daily commuters that offers smart parking automated solutions. The cloud-based app caters to car owners. The solutions offered in this app include parking reservations to FasTag recharge and a lot of other solutions offered. Park+ was founded by ex-VP of Paytm Amit Lakhotia. He founded this app to solve the parking problem people face in their day to day lives in India.

    Park+ has raised over $11 million in funding from Sequoia, Matrix Partners.

    Indiagold

    Indiagold is the only app in India where you can buy and sell 24 karat gold online with BIS Hallmark certification. It was founded by Deepak Abbott, a former employee of Paytm. You can also buy gold coins and jewels on easy instalments with UPI or debit cards. This app also provides instant gold loans and a secure gold locker facility currently available in Delhi NCR.

    The services will soon be opened all across India. Indiagold is now trusted by over 5 lakh customers.


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    PayPal used to be one of the world’s most innovative technology bits. At thetime PayPal replacements were not so involved. It not only helped you to submitand receive money from friends and family easily but also meant that the moneywas much safer than many other choices. This was tremendous afte…


    Startups Funded by Paytm Mafia

    GOQii

    GOQii is an Indian startup founded in 2014 by Vishal Gonda. It specializes in building a preventative healthcare ecosystem. It promotes a healthy and balanced lifestyle with a combination of advanced wearable technology, personal coaching. It has received an undisclosed investment sum from Paytm founder.

    GOQii on Harvard business publishing platform
    GOQii on Harvard business publishing platform

    Unacademy

    This Indian startup Unacademy started its journey as a YouTube channel back in 2010. It became an EdTech unicorn after its official launch in 2015. This Bangalore based company provides educational content and online classes for various competitive exams like GATE/NET, NEET, CAT, UPSC, Railways, bank officers. The Paytm founder had invested twice in this EdTech unicorn.

    Flyrobe

    Flyrobe is a startup which is an online fashion rental platform. The platform allows users to rent designer clothes for a fraction of the MRP. It is India’s largest such platform. This startup received funding from the Paytm founder.

    Flyrobe
    Flyrobe

    The Ken

    Ken is a subscription-driven business news website founded in 2016 by a team of experienced journalists based out of Bangalore. Their goal is to promote content every morning by publishing fresh and original business insights to professionals, entrepreneurs and investors. It received an undisclosed amount of funding from Paytm Founder Vijay Shekhar Sharma in 2016.

    FAQ

    Who is the current owner of PayPal?

    Paypal is owned by eBay which acquired it for $1.5 billion in October 2002.

    Who is the CEO of Paytm 2020?

    Varun Sridhar is the current CEO of  Paytm.

    Is Paytm an Indian company?

    PayTM is owned by an Indian company by the name of One97 Communications Ltd.

    Conclusion

    Paytm mafia has nurtured and supported the growth of the Indian startup ecosystem. The Paytm mafia has been through the highs and lows. For them every day even tiny mistakes cost a lot. They bring a lot to the table which they gained in working among top companies. They also understand the mindset of the consumer which helps them build products that can thrive in the current market.

  • Marketing Strategies of Paytm [Case Study]

    Paytm was established in 2010 and its parent company is One97. Vijay Shekhar Sharma is the founder of the company. Paytm has received a series of funding rounds from popular investors such as the Alibaba Group, Ratan Tata, Mountain Capital, etc. Smartphones with Android, iOS or Windows operating systems have Paytm services available to them.

    What is Paytm?
    Paytm’s Marketing Strategies
    Conclusion

    Full form of Paytm

    What is Paytm?

    Paytm is a leader in the industry of digital payments. Paytm is an Indian mobile app and online service which is used for making payments like recharging your phone or paying your bills and also allows user to transfer money over the Paytm wallet. Debit and credit cards are the modes selected for these transactions. This prompted many to use Paytm as the government concentrated on cashless transactions.

    Paytm or PhonePe: Which One Should You Use?
    The invention of ATM revolutionized the way we exchange and handle money. Andthe advent of digital wallets has put that revolution into oblivion. Why? We nowcarry out transactions without cash or card in our pockets. Digital wallet or UPI (United Payments Interface) was launched in 2015 by the st…

    Paytm or Phonepe, which app meets your requirements

    Paytm’s Marketing Strategies

    Paytm introduces cashless transaction schemes

    The potential market for online marketing as well as cashless transactions has also increased with the growth of mobile phone users in the world. The company has been able to hit the customers with smart phones with its cashless transaction schemes.

    Operating system that supports Paytm
    • Paytm launched ‘Each one, teach one’ to increase cashless payments literacy – Back in 2016,the company had announced Rs. 2100 in scholarship for 10,000 users who help increase digital inclusion and adoption of Paytm and certificates for one lakh further users across all major districts.
    • Paytm had also announced an incentive including Rs. one crore grand prize along with additional prizes like motorcycles, smartphones, laptops and other exciting gifts. All users transacting between 1st December 2016 and 31st March 2017 were eligible to win these prizes.
    • The ‘Scan any QR to pay using Paytm’ scheme has been launched in seven languages which are Bengali, Marathi, Gujarati, Tamil, Telugu, Kannada, and Malayalam.

    Paytm’s Cobranding

    Another USP of the company is co-branding. Brand cooperation with businesses such as Uber and Meru Cabs has been successfully developed. Many more reputable brands have been helpful in getting new customers to use Paytm.

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    Top 10 mobile wallets that are in India

    Paytm’s Promotion And Advertising Strategies

    • Newspaper, transit media and television were the company’s offline communication networks. The Paytm promotions also used digital, print media and radio services.
    • Paytm was made a household name, using a phrase from the catchy word “Paytm karo”
    • The company’s online advertisement strategy is focused on bringing visibility everywhere by sharing their ad on Facebook and Twitter, and even sponsored posts on Instagram and at time’s even Snapchat.

    Paytm’s Discount Offers

    • The biggest selling point for paytm was without question motivating people to use the offers that have been run by the company.
    • Add to these the cashback offers and discounts offered by mobile wallets like Paytm, as well as the reward points and loyalty benefits on existing credit and store cards.

    Events sponsored by Paytm

    • The company was involved in sponsoring a variety of events, tournaments, etc. that gave the brand an immense exposure.
    • Paytm is the official sponsor and supporter of India’s cricket team, which would give the brand worldwide publicity and exposure.
    • The company has got 120 seconds of airtime for each match played on the tournament, and the brands popularity increased during the World Cup has resulted in the launch of new TV advertisements during the IPL 8 season.

    Campaigns made by Paytm

    Here is a list of the successful campaigns and partnerships with leading brand run by Paytm:

    Paytm Karo

    This is one of the key announcements that rapidly gained populism. The company has become active in social media. #PaytmKaro is being added to almost every conversation that is being driven on Facebook and Twitter. The ad rolls out some life situations such as money transfer, online shopping, mobile recharge which are made easy by Paytm services.

    Facebook Live

    Paytm has imbibed its customers with details about the value of user account security and how they are protected against hacking. Paytm conducted a series of live Facebook training series, “Paytm Merchant Connect- Training Series” which turned out to be a great success.

    The Soldier Mobile Game

    It’s become a perfect campaign for technology-friendly people and game lovers throughout the world. The match reveals the battle against the dishonest militias of Spartan Paytm troops. The game targets the mission of the company of protecting its users interests.

    Credit cards

    The card’s use was beneficial when the wallet was successfully used by the company. By using the Username and Passwords customers can withdraw money from their wallet reservations.

    Dabbawallas in Mumbai

    Strategic ties between the business and the competent lunch servers in Mumbai City. These messengers only pay through the Paytm App.

    Auto-start of the SMS for a month:

    Paytm continues to send customers reminders regarding payments.  The messages are intended to notify the customer that the digital wallet can be used to make those payments easily.

    MBA contest

    A contest held for students attending MBA courses are invited to produce a video about the use of the paytm application. The winner will be the person whose videos receive the maximum number of likes.

    Conclusion

    Paytm has successfully induced Indians to rely on the use of cash in regular daily businesses. Instead, people in the country prefer to make digital payments for such transactions. There’s one initiative called Aadat Se Azadi or Habit Free. This is achieved by highlighting problems facing people when dealing with cash. It was also stressed why and how people feel insecure when they go out with plenty of cash.

    Paytm – An E-wallet that rules the world of Digital Payments!
    This post has been approved by the organization it is based on. Nearly 1.7 million people in the world are unable to engage in the formalfinancial system. This imposes adverse effects on saving and investments.Cash-based transactions lack transparency and are also typically unsafe. Paytmbrought …

    Paytm’s success story

    FAQs of Paytm’s marketing strategy

    1. How many users does Paytm have?

    More than 150 million people actively use Paytm wallets for making online transactions.

    2. How many merchants have accepted Paytm as mode of payment?

    3 million merchants accept Paytm as a mode of payment.

    3. What is the process of using Paytm?

    Utilizing net banking, credit/debit cards, IMPS or any other way listed on the bank you have to move some money when you are registered with Paytm. In order to pay you scan the cod or type in the number of the vendor.

    4. How can you identify if a store uses Paytm?

    In addition, the blue Paytm logo can easily be identified. The physical presence of the brand is attributed to the presence of stickers, hanged posters, Paytm posters etc helps users to identify if payment can be made through Paytm.

  • Paytm Launches A Mini App Store For Indian Developers

    The digital payments company Paytm has launched a mini app store in order to support Indian app developers and entrepreneurs. It has now become a direct competitor to the Google play store and its dominance in the market. Paytm has come up with Mini app store, following the temporary ban it faced from Google Play store on 18thSeptember for violating the developer guidelines on real money gaming.

    Phonepe which is Paytm rival, had launched its own in app platform in June 2018, which was later rebranded as PhonePe Switch in October 2019. Instead of giving local apps and developers, Paytm is hosting links to Progressive Web Pages (PWAs) which are light apps that can run within a web browser without requiring any installation.

    Mini apps are custom-built mobile websites that offer users an app-like experience without having to download them, thereby helping users save their data and memory. The mini app store only has a few apps listed, but’s plans to list out 300 services in the coming days. According to Paytm’s press release, the mini app store has been designed to help small developers and businesses in India to set up low cost and easy to build apps using HTML and Javascript.


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    The Listed Apps on Paytm mini app store

    More than 300 apps, including Decathlon, Ola, Rapido, Netmeds, 1MG, Domino’s Pizza, Fresh Menu, NoBroker have joined the Paytm app store. The startup founders such as Paytm’s Vijay Shekhar Sharma and Razorpay’s Harshil Mathur, along with 50 other founders discussed on the possibility of building an Indian app store to challenge Google.

    The various apps that are included into the mini app store
    The various apps that are included into the mini app store

    Paytm said that the Mini app store has been in its beta testing phase with select users in the country for some time and has seen over 12 Million visits in the month of September. It also has apps like AQI monitor, EMI calculator, Mojo Pizza, Horoscope, Speedtest and Unit converter. While more apps are expected to join soon.


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    Google enforcing 30% in app fees in India

    The companies move indicates a fallout from google as it is mandatory for the developers listed on its Play Store to use its billing service. Google charges a 30% commission on any transaction made for a digital product or service through its in app billing system. Paytm aims to help developers in reaching out their products to the masses.

    These apps open within a window inside the Paytm app itself and the listing will also be free. It will also provide developers with free payment avenues including Paytm Wallet, Paytm Payments Bank and UPI. However it should be noted that a 2% extra charge is levied for payments that use credit cards. Paytm is also providing the developers with a dashboard for analytics, payment collection and various marketing tools to better engage with users.

    Accessibility to Mini App store

    To access the Mini App Store, open your Paytm app. On the home page, click on Show More > Mini App Store from the pop-up menu. The portal allows direct access to users to explore, use, and make payments through the apps, without any additional downloads or installs.


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    Indian App makers want an alternatives to Google Play

    When Google had recently accounted that it would enforce its 30% fee for apps, the Indian app developers and entrepreneurs to demand for a national app store alternatives to google play. Google play store then pushed back the 30% commission in India until March 31, 2022. The tech giant says that the delay has been so the Indian developers have enough time to implement the UPI for subscription option that will be made available on Google play.

    When asked about the issue Vishwas Patel, The Chairman of Payments Council of India and a member of IAMAI said that, “Just because Google owns the gate and the gateway to the digital ecosystem of this country they should not act arbitrarily and enforce their rules and regulation that are contrary to our country laws”.


    Google stand in courts is that is does not need RBI authorization as it is not a payment system operator but now it is mandatory that Indian apps use only Google proprietary billing and payments systems. “Google should not exercise its dominant position rather allow a level playing field for everyone” he added.

    The Indian developers plan to lobby the government and come up with an alternative to Google. The business channel ET now also reported that the government is planning to ramp up its Mobile Seva app store, which has mostly catered to MSMEs, to act as an alternative to Google and Apple platform. On twitter, Razorpay founder Harshil Mathur added that, India needs a local app store long-term, as it will otherwise eat up most businesses and asked if anyone trying to build one.

    On 29thSeptember google said that, “Play distributed apps must use Google Play billing and as the method of payment if they require or accept payment for access to features or services, including any app functionality, digital content or goods. This applies only to apps and has been purportedly done to prevent revenue leakages to Google Play from January 2021.”

    The government is reportedly planning to make the Mobile Seva app store mandatory on all smartphones. Paytm recently listed on the store, which mostly has Government apps. In the absence of any legal means, the government will have its work cut out for making a viable alternative to Google and Apple, experts said.

  • Ratan Tata: The Accidental Startup Investor

    Today, Ratan Tata needs no introduction as he is the most respected business tycoon in India. He is an Indian industrialist, philanthropist, former chairman of Tata Group and Tata Sons. Post his retirement in 2012 he has turned into an avid angel investor who has left an everlasting impact. He is well-known for investing in some of the most successful startups today.

    So far, Ratan Tata has invested in over two dozen startups, including top unicorns of India, like furniture e-tailer Urban Ladder, digital payments app Paytm, ride-hailing company Ola and its electric vehicle arm Ola Electric Mobility, Cure.fit, Urban Ladder, etc. His investment may only be a few million dollars, according to industry sources, but what’s invaluable is having the 81-year-old tycoon’s name attached to a young startup.

    So, how Ratan Tata: the accidental startup investor turned into an avid angel investor? Let’s take a look.

    Name Ratan Tata
    Born Surat, India
    Age 82
    Citizenship Indian
    Education Cornell University College of Architecture, Harvard Business School
    Title Indian Industrialist, Philanthropist, and a Former chairman of Tata Sons
    Occupation Businessman
    Net Worth Rs. 6396 Crore
    Awards CNN-IBN Indian of the Year in Business, Padma Bhushan, Padma Vibhushan

    First Investment made by Ratan Tata

    The 81-year-old also said that he became a startup investor by accident. He added that he used to look at the sector as exciting always but somewhat untouchable. Tata further mentioned that with two-three years into the sector, it has become a learning experience for him as he got to learn many aspects regarding investment in startups.

    The business magnate, better known as the ”Accidental Startup Investor”, was always interested in the startup ecosystem. He mentioned that his tenure as the chairman of Tata Group as this sector meant conflicts if he would take up any entrepreneurial assignment. But once Mr. Tata retired, he wasted no time in becoming a full-time investor through his private investment vehicle—RNT Associates.

    Ratan Tata said that when he retired, at first he started making small token investments in what he considered exciting companies. He admitted that in the beginning, he intended to take some more risks than he might have taken under different circumstances. With two-three years into this, it became a learning experience, as this sector is very active and has the best minds.

    The first investment he made was in Snapdeal in 2014 which yielded great results. The CEO of Snapdeal, Kunal Bahl, has high regards for Ratan Tata and considers him to be a lucky charm for Snapdeal. He is believed to have bought a 0.17% stake in Snapdeal in August 2014, when he invested less than Rs 5 crore. Tata bought 256 shares from the e-commerce company’s angel investors, including Kenneth Glass.

    Other Investments made by Ratan Tata

    Following this, he has invested in 31 startups. After Snapdeal, the online furniture retailer Urban Ladder secured funding from Ratan Tata in November 2015. It was Tata’s second personal investment in an e-commerce firm. It is a popular furniture selling platform based in Bengaluru. It is currently present in 12 cities around India.

    Paytm, a Noida-based digital-payments company saw an overnight jump in subscribers by millions, after Demonetization of announced by the government on November 8, 2018. The company had secured an undisclosed amount of funding from Ratan Tata in March 2015. Tata bought a stake in One97 Communications, the parent company of Paytm.

    Ola Cabs is India’s answer to Uber. Much like Uber, Ola provides cab services across all price segments, ranging from economic to luxury. Beginning its operations in 2010, Ola secured funding from Ratan Tata in July 2015.

    Ratan Tata is the first Indian to buy a stake in Chinese tech giant Xiaomi best known for its affordable smartphones. It’s true, the amount Tata invested in Xiaomi was not disclosed. Similarly, services marketplace UrbanClap raised an undisclosed amount in funding from Ratan Tata in December 2015. In April 2016, Lenskart, the popular online retailer that sells eyewear secured funding from Tata.

    Ratan Tata has invested in More than 30 Start-ups
    Ratan Tata has invested in More than 30 Start-ups

    Tata, while referring to the growth of budding startups said, “We are looking at the India of tomorrow and the day after, and the start-up industry is entering the global field in a manner where competition is open. The fact is we (Indians) are entrepreneurs at heart. Maybe what we need is the opportunity to flourish and I think the startup industry is doing just that.”

    List of 24 Startups Funded by Ratan Tata
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    Ratan Tata’s Sectors of Interest

    Ratan N. Tata has invested in over 30 startups. Among these, there are several technology-based startups too. Tata has made all these investments in his personal capacity. Ratan Tata has not restricted himself to a sector and stepped into a variety of diverse strata, be it clothing, weather, pet care services, etc., but technology catches his attention.

    He holds the view that technology can be applied and used in any sector and the future is all about technology. He has recently invested in Tork Motors and Ola Electric. Ratan Tata has been supporting Ola since 2015. He openly expresses his excitement of participating in new areas and encourages young minds to search for domains yet to be explored.

    Ratan Tata believes startups should get funded by Indian investors. According to him, the startup sector is growing rapidly with the best of minds involved in it. He regrets seeing such companies having great potential that could add value to the Indian economy but being bound to foreign authorities. Thus, Tata finds it unfortunate that founders get driven by foreign investments in the hope of an eventual acquisition by a larger entity.

    He tells his decisions are intuition-driven, but the steps he has taken by now proves his intuitions are calculated risk oriented. He prefers getting into conversation with founders, analyze their personality, skills, their maturity, and the seriousness and most importantly, their zeal and dedication.

    And like any other investor, he judges the future scope of pitched ideas. Tata has told in his case selection is more by intuition than by numbers. He further revealed that judging the intent of the founders and their seriousness influenced him more than any other factor.

    How to Approach Ratan Tata for Investment?

    Is Approaching Ratan Tata Difficult? As a matter of fact, its not. He is as approachable as any other investor. A few things to keep in mind if you plan to seek investment from the business tycoon:

    • Your idea should be unique and hold great potential.
    • The startup should have begun its operations, at least on a small-scale.
    • Tangible feedback on the startup and its product or service is a must. Remember, Ola got funding from RNT Associates 5 years after it began.
    • He is a man of experience, so it is advisable to be realistic and honest. Sniffing out non-sense is easy for him.

    Being a personal investor, he prefers keeping the details of his investment private. He hates it when the media makes such information public. You will find it difficult to find the exact amount of his investments online, even when it comes to the biggest players he’s backing.

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    When asked what makes a good entrepreneur, he told what probably drives an entrepreneur to start a business is the fire in his belly that there is a better way to do something that has been done or a good opportunity to make a difference because something has not been explored well enough. And the confidence of staying with it is deciding factor of a good entrepreneurs. This is one thing to keep in mind while approaching Ratan Tata for investment.

  • Changes in FDI Norms: Harm to investors from China or to Unicorn Startups Of India?

    The government of India brought in a lot of changes in the FDI norms. This was done keeping in mind the nation’s condition amidst the global pandemic. The main aim was to prevent foreign companies from opportunistic take overs of Indian firms.

    The recent investments made their point on curbing Chinese investments in Indian Firms. As per the new FDI norm any country that shares a land border with India will no longer be able to use the automatic route in the FDI. The companies who would like to invest must seek government’s clearance over any investment proposal.

    The changes were brought in late April earlier this year. The main aim was to stop Chinese Investors from   their predatory behavior. These rules would be applied on countries such as Bhutan, Pakistan, Nepal, Myanmar, Afghanistan. But there is a very small flow of investments from these countries. So, this is evident that the norms are to keep an eye on China for any signs of exploitative behavior.

    All this was not done on any sudden decision. The reason behind all this is form the year 2015. Since 2015 China has increased its investment in India. This looks like a very strategic move. According to a report by the DPIIT, Department for Promotion of Industry and Internal Trade. The total amount of FDI that has flown from China to India is around $1.8 Billion. All this within a 2015-2019. In the year  2015 itself there was an investment of total $494.75 million.


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    The industry that has particularly caught the eye of the Chinese investor is the Indian Automobile Industry. Between the same period that is from 2015-2019. The automobile Industry has seen a total investment of $876.30 million. The electrical equipment manufacturing along with the book printing sectors have also seen a hug inflow. All this FDI flow confirms the foothold of Chinese investors in the nation.

    Yearly FDI Inflows (in USD Million)
    Yearly FDI Inflows (in USD Million)

    The companies that would be affected the most would be the companies like BigBasket, Paytm and Ola. These companies are just collateral damages of the governments new rules to protect minor companies. The online Grocery vendor Gofers along with the digital payment app and OLA have  received millions of dollars as investment from Chinese Investors.

    The new norms would effect the fresh funds that were supposed to role in.

    “The new FDI guidelines essentially imply Chinese capital would require prior government approval. In effect, given the uncertainty around approval, startups will shy away from Chinese capital. In the immediate future, this could impact PhonePe and potentially Paytm at a later date,” said Ashneer Grover, CEO and co-founder, BharatPe

    According to a report by the Think Tank Gateway House a total of $4 Billion has been invested in Indian startups by the Chinese tech investors. Another report said that 18 of India’s 30 Unicorn Startups are funded by Chinese Investors.

    Companies having Chinese Investments are:

    | Chinese Investors | Indian Startups|
    |— |— |—|
    | Tencent | Byju’s,Ola,Dream11,Flipkart,Hike |
    | Alibaba | Paytm,BigBasket,Snapdeal,Zomato |
    | Xiaomi | Hungama, Sharechat, Rapido |

    BigBasket the online grocery store got a $50 million funding from Alibaba. This investment rolled in when the company was facing its own share of problems in the lockdown. But these new FDI norms would hit the company. BigBasket would face troubles for its capital infusions with Alibaba. BigBasket would now have to search other places to reach its requirements on the basis of investments.


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    Paytm raised a huge sum of $1 Billion from the Soft Bank in Japan and from Ant Financial from Alibaba. Paytm faces tough competition from Google and PhonePe(owned by Walmart). To fight these competitors Paytm has to be always on the edge of innovation . But the company would face a major fallback after the new norms. Alibaba is the largest share holder in the company. This would indeed affect the digital payments platform.

    Alibaba’s Ant Financial has been an investor in Zomato since the year 2018. Ant Financial invested $210 million in the food delivery app. It go a stake of 14.7%. By this Ant Financial became the company’s Largest investor. This stake was raised to 23%. According to news reports this was going to be increased earlier this year. But between that the Indian government revised its FDI norms.  

    18 of the 30 Unicorn Startups who are funded by Chinese Investors would face a lot of troubles. The move of making changes in the FDI norms is to hurt the Chinese Investors. But this would hurt the unicorn startups. This move has put many jobs on risk.

  • Why has the Paytm App Been Taken Down From Google Play Store

    The Paytm app has been removed from the Google Play Store for violating policies related to unregulated gambling apps. According to CNBC – TV18, Google had notified the developers by releasing a statement on September 18th regarding this issue. Google said that, “we don’t allow online unregulated gambling apps that facilitate sports betting.”  Google also mentioned that the app leads to consumers to an external website that’s allows them to participate in the paid tournaments to win real money/cash prizes.

    That being said this might not affect people that have already installed the app on the phones, but will affect the company as google will not be allowing any more new downloads. The app is to stay out of the platform until the developers bring the app into compliance. However if they are any more repeated policy violations, google has decide to take even more serious action which may include  terminating google play developer accounts.


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    The online betting scam

    The Enforcement Directorate has discovered an online betting scam that involved Chinese nationals that have used online wallets such as Paytm, Cashfree and Razorpay.  It has also frozen Rs 46.96 crore in four bank accounts after raiding 15 locations across Delhi, Gurgoan, Mumbai and Pune after companies were found to be running  some illegal online betting apps linked to China. During the course of the search ED in 2019, the accounts of Dokypay Technology Pvt Ltd were mostly found in the HSBC bank.

    These accounts have seen a collection of Rs 1,268 crore out of which Rs 300 crore came via Paytm payment gateway and around Rs 600 crore was transferred out via Paytm payment gateway. It has also been found that the locals were hired in order to open these bank accounts with the HSBC bank and then open trade these accounts with online wallets namely Paytm, Cashfree, Razorpay, etc.


    Further a network of agents were hired to attract new customers /members, referral codes were then sent privately to invite the new members. These online wallets had lax due to diligent mechanisms and their non-reporting of suspicious transaction to the regulatory authorities helped the accused companies to launch pan India activities. And Paytm app being taken out of the google play store was the result of this situation.


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    The affect on Paytm First Games


    This also comes as a huge blow for Paytm as it was also planning to launch Paytm First Games on the 19th September. Paytm First Games is an Indian Digital payments leader’s platform into the fantasy game segment and had also made Sachin Tendulkar as its brand ambassador. The app had aimed to get over 100 million users during the upcoming Indian Premier League and had planned over 200 live events on the platform over the time range of six months.

    Paytm Response To This


    When asked about this decision, the CEO of Paytm Vijay Shekhar said that companies like Facebook and Google have the responsibility to hep the growth of Indian Startups and the ecosystem. He also added that he thought Google was acting like the judge, jury and executioner because it has the power to remove apps from the App store.

    Paytm had earlier put out their official statement, in which they stated that they observed google has been using its policies, rules and regulations selectively allowing a few large companies like Paytm First Games to distribute and list their respective  Real money gaming apps on play store, without any action, hindrance by google  play store and supporting this unfair trade and practices.

    The statement also included that FIFS took this matter up and reached out to google to protest against this unfair trade practice. Paytm also has insisted that is a level playing field is not re-establishes , we may be forced to seek any other advice including legal action. Promotion of MPL in times portfolio companies including Cricket Buzz, Gana, MX player has also been stopped. And ended it by saying that they were confident and will be able to convince them to allow all our member apps on the Play Store.

    The Current Situation

    Later on in the day, Paytm has successfully managed come back on Google play store as CEO of Paytm Vijay Shekhar, Tweeted saying that “Thanks everyone for your support! Paytm App is back, live in Play Store. We launched a UPI CashBack campaign this morning. Our app got suspended by Google for this. India, you decide if giving cash back is gambling.

  • What stops India from becoming a startup ecosystem: Indian Startup Failure?

    The  Startup scene in India took off after it realized the potency of this sector. This was not because of some magic and it obviously didn’t happened overnight. This took a long time. It took off due to many internal reasons like massive Fundings, growth of Angel Investors chain, boom in technology and the need to change.

    The startup ecosystem in India is the 4th largest in the world. India has produced some very famous startups like   Paytm , OYO Rooms , Redbus , Zivame. In 2018, 8 startups were evaluated at $1 Billion. But among a ocean of startups, why only 8 ?

    Is India a saturated market?

    India stands unchallenged , holding the second spot in global population. It is a major economy that is dependent equally on both the rural and urban sides. However, major startups serves only the pat living in the urban areas. Due to this the population of the rural areas go unnoticed. The main problem is here. Too many startups are serving a very small part. This makes the economy more and more saturated. This chasing of very few customers by a lot of companies makes the startups to fail.

    Problems for startups in India

    • Fear to take risk:  A major problem is the Funding in India. Investors in India lack trust and the risk taking factor. Only a portion of investors have the will to give in to a new comer. Due to this a majority of startup population cannot succeed.
    Startup rate of nations
    Startup rate of nations
    • Managing the Business: After a business takes off and starts to shape up it is required to be maintained well. Not only from this point. The founders should take care of the management from the start to prevent the company from going into problems like debts.
    • Pressure from the surroundings: There’s a term for people who gym. Its called ego lifting. Ego lifting is something that is born out of jealousy and pressure from friends. Startups also follow this. This leads to their downfall.

    Why Foreign countries?

    Countries abroad provide a lot of scope to Startups. Moving abroad gives the Startup a broader audience. A more technological advanced audience. Apart from all the money saving and tax reasons. Moving abroad also enables the startups to gain fame for being associated with foreign countries.


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    Using better infrastructure

    What we all already know is the fact that India doesn’t have a proper infrastructure. Our nation lacks financially, technologically. All this affects the infrastructure directly. Startups move abroad to use the better infrastructure.

    Foreign countries have hubs and clusters. Countries like Estonia have special things to provide. They are minimal taxes, low rent places and many other things. Countries like these have there own angel investors chain.  Different countries specialise in different sectors. For example Israel is known fro its strong base in Security and Agriculture.

    Sales

    When it comes to population or number of customers. India is not behind. So, wheres the issue? The issue lies in the fact that not a major portion of the population is through with the technological advancements. Not many are interested to know about what goes around in the world. This narrows the range for any startup in India.

    To increase the sales and the range startups move abroad.

    Finding Money

    To find money one should know where to look. Only 8 Indian startups made about $1 Billion in a year. The failure rate is much more than the success. So, current India is not a place to look for money. Due to this not many investors come forward in order to fund the startups.


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    So, Indian startups move abroad to get the investments rolling. Above this the population outside India has a very acceptable  mindset.

    “Businesses, by very definition, are aspirational and going international is part of it. It gives more exposure, better access to financial investors, and of course a hope of revenue growth,” said Yugal Joshi, vice-president of Texas-based consulting firm Everest Group.

    Favourite countries for Startups

    Serbia

    In the recent few years Serbia has seen US companies building up operations there. Serbia is changing rapidly to evolve into a hub for application development , programming and IT outsourcing. The reasons behind this sudden change is the multilingual and well educated population. They also provide for fancy and attractive incentives for IT investments from other countries.

    Australia

    The countries small yet talented workforce and closeness to Asian markets, makes this a good option for startups. The country also attracts a lot of immigrants who are highly qualified.


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    Estonia

    Estonia is a place with one of the highest per capita rate in terms of startups. Estonia is the most suitable place for entrepreneurs. It has a very entrepreneur friendly tax policy. It provides many attractive incentives to foreign investors.

    India too appears in the list for suitable places. But the country is still like molding clay. It is still building and it would take time. It would take time to generate investors or a proper ecosystem. But for now India is not a suitable ground to play for startups.