Apple announced on 26 August that it will establish its fourth location in India next week, this time in Pune. The tech company that makes iPhones has significantly expanded its retail presence in India with the opening of the new Apple shop in Pune.
According to the firm, the new Apple store will give customers in Pune more options for exploring and buying Apple products. The services can also be experienced in person. According to Apple’s website, the Pune Apple store will open at 1 pm on September 4 in Koregaon Park.
Pune Store Launch Follows Mumbai, Delhi, and Bengaluru Openings
Days have passed since Apple’s third Bengaluru location opened. In 2023, the iPhone manufacturer made its debut in the Indian retail market, opening its first location in Mumbai and then in Delhi.
Apple said that through free events hosted by Apple Creatives, Today at Apple helps customers get started with their devices or advance their talents, whether in photography, music, painting, or coding. The event is intended to inspire and educate.
Apple’s Record Revenue Growth in India and Emerging Markets
While CEO Tim Cook had criticised the “evolving” tariff situation and estimated September-quarter tariff costs at roughly $1.1 billion, the Cupertino, US-based company recently reported revenue records in over two dozen markets, including India, in the June quarter earnings that exceeded street expectations.
Cook has also mentioned building new stores in India and the United Arab Emirates later this year during Q3 FY2025 earnings.
According to Tim Cook, the business witnessed double-digit growth in growing markets like India, the Middle East, South Asia, and Brazil, as well as growth in every geographic area of the iPhone.
Tim Cook on Tariffs and India’s Expanding Role
Cook added that the company saw an acceleration of growth in the vast majority of markets we track, including China and many emerging markets, and that double-digit growth across iPhone, Mac, and services was the driving force behind these results.
Apple set revenue records for the June quarter in more than two dozen countries and regions, including the US, Canada, Latin America, Western Europe, the Middle East, India, and South Asia. He said that the situation regarding tariffs is “evolving” and that the corporation had to pay roughly $800 million in tariff-related expenses for the June quarter.
“We project that the September quarter will result in an increase in our expenses of roughly $1.1 billion, assuming that the present global tariff rates, policies, and applications remain unchanged for the remainder of the period and that no new tariffs are imposed. Since a lot of things, including tariff rates, can change, this forecast shouldn’t be used to project future quarters,” he said.
The computer giant reported $94.04 billion in revenue for the June quarter, above Wall Street’s estimates by 10% year-over-year. Net profit was $23.42 billion, up 9.2% year-over-year.
Quick
Shots
•Store to offer hands-on Apple product
demos and “Today at Apple” free creative sessions.
•Part of Apple’s push to strengthen
brand presence in India.
•Double-digit sales growth across
iPhone, Mac, and services in Q3 FY2025.
•India, Middle East, South Asia, and
Brazil among fastest-growing markets for Apple.
With the INR 1,700 crore investment in Trump World Center Pune, a 1.6 million square foot office complex, the Trump Organisation is entering the Indian commercial real estate market. Tribeca Developers will work with Kundan Spaces to create the project, which has an estimated sales potential of INR 2,500 crore. The 27-storey commercial tower, which would be the Trump Organisation’s first office building in India and second endeavour in Pune, will be situated on a 4.3-acre area in the Koregaon Park annexe of Pune. The business previously collaborated with Panchshil Realty on a high-end residential Trump Tower project in the city.
Centre’s Attractions
Features of Trump World Center
Pune
There are two office towers: one for large, leasable workplaces and
the other for strata sales, which are smaller office spaces.
A street of luxury shops featuring luxury brands.
The first Trump Club in India, which provides upscale dining,
entertainment, and business networking opportunities.
For office workers, amenities include childcare centres, hair salons,
auditoriums, fitness centres, sports facilities, spas, dining options, and
supermarkets.
Speaking about the project, Tribeca Developers’ founder, Kalpesh Mehta, said the company is spending INR 1,700 crore on the commercial project in Pune, with a 50/50 revenue-sharing arrangement with our partner. Debt, equity, and sales revenues are being used to finance the project. Small office spaces between 5,000 and 7,000 square feet are the focus of Tribeca Developers’ direct sales strategy; the remainder of the spaces will be leased. The property will also have retail areas, though not in the shape of a mall. Instead, these will have food and beverage shops to meet the needs of business tenants.
India to Witness More Trump-Branded Projects in Coming Years
Three more upscale residential developments in North and South India are planned by Tribeca Developers, which currently has four Trump Tower residential projects in India (Mumbai, Pune, Gurugram, and Kolkata). These new projects will cost between INR 6,000 and INR 7,000 crore in total. Although no official announcements have been made yet, Mehta also alluded to potential future forays into residential and hospitality projects under the Trump brand. “India has embraced the Trump brand with remarkable enthusiasm,” said Eric Trump, Executive Vice President of The Trump Organisation, who expressed excitement about the growth. The brand is developing its first commercial venture in India following the success of its residential partnerships.
In keeping with the traditions of Trump buildings around the world, Trump World Center Pune will establish a new bar for excellence. There are now four Trump Tower developments in India, totalling 3.5 million square feet, located in Mumbai, Pune, Gurugram, and Kolkata. India will soon overtake the US as the country with the most Trump-branded properties, with more releases anticipated. High-net-worth individuals (HNIs), non-resident Indians (NRIs), and Bollywood celebrities are among the purchasers of the ultra-luxury homes in the Gurugram and Kolkata Trump Towers, which are expected to be completed in 2025.
Unbeknownst, the falling Indian currency 78 INR mark rate against the US dollar for the first time helped Indian marketers, that is, somehow created a smooth way to one step ahead in achieving the fifth-largest economy in India.
As we know to excel in the business challenges, startups must take necessary actions in evolving tech, a shift in consumer preferences by adopting new product strategies, and frame objectives according to economic policies.
Some Indian unicorns overcame the following challenges as they introduced indulgent, efficient, and customer-centric products. In this regard, India ranks as the third largest unicorn-producing country in the world, with 106 unicorns competing against the USA and China.
Indian Cities With Their Unicorn Count: A Total of 106 Unicorns
According to IMF sources, India has surpassed the UK in the final three months of 2021 to become the world’s 5th largest economy, following the USA, China, Japan, and Germany in 2022.
Known for being the key pillar of the Indian economy, India’s startup ecosystem is a kick start to GDP growth, whereby the country achieved the milestone of 100 unicorns in May 2022.
The above graph shows the countries with the maximum number of unicorns (2022) as per the data shown by Google
Bangalore
We immediately conjure up an image of the country’s IT hub whenever we hear “Bangalore”, don’t we? Bangalore, as we all know, is a happening city in India with many tech-based companies and growing career opportunities. Bangalore is home to 43 unicorns out of 106 in India.
The city has a nurturing ecosystem that is known for its IT sector and ability to build top tech brands. By leveraging talented fellows, adopting cutting-edge technology, connecting with opulent inventors, and collaborating with multinational R&D centers.
Thereby, established top-most brands in achieving the $1 Billion mark within a short span and ultimately contributed 37% of unicorns of the nation in terms of leading sectors as Fintech 20% and SaaS 12% contribution of unicorns. Bangalore has earned the title of the top city in India for producing unicorns across industries like e-commerce, logistics, and ed-tech.
In no doubt, Mumbai has earned the deserving title of ‘the city of dreams, a place where many entrepreneurs have started their careers. As is the case, Mumbai is the richest city in the country with a homeland of 72 billionaires living and contributing $310 Billion toward the GDP of the country.
It accounts for more than 70% of unicorns in Delhi, as they are based in the Gurgaon region. The city has opened various portals for opportunities. Second-largest information technology hub and third-largest financial hub in India, Gurgaon is home to a slew of multinational corporations.
Since it houses top IT companies and fortune 500 companies, the city has been nicknamed ‘Cyber city’. With 13% of the total unicorn percentage in India, Gurgaon stands third in unicorn production.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Oxyzo
Fintech
2016
2022
Mamaearth
E-commerce Personal Care
2016
2021
Spinny
Automotive
2015
2021
Mobikwik
Fintech
2009
2021
OfBusiness
Building Materials
2015
2021
Droom
Marketplace- Automotives
2014
2021
BlinKit
E-commerce- Groceries
2013
2021
Urban Company
Home Services
2014
2021
CARS24
B2C E-commerce
2015
2020
OYO
Hospitality
2013
2018
Rivigo
Logistics
2014
2019
PolicyBazaar
Insurance company
2008
2018
Zomato
Foodtech
2008
2015
Tata 1mg
HealthTech
2015
2022
MakeMyTrip
Online Travel
2000
2010
ReNew Power
Renewable Energy
2011
2017
Pristyn Care
Healthtech
2018
2021
New Delhi
New Delhi is not only the capital of India but lately, reformed into a new startup capital of India. Moreover, India will become the 3rd biggest economy in the world in 2022, and Delhi has become a hotspot for several startups and unicorns around India as well.
Gurgaon and Noida are the most prominent hotspots. Delhi is now home to 10 unicorns, with an estimation of roughly 1 billion dollars. And as of 2022, Delhi-NCR has a market worth 46 to 56 million dollars. Moreover, Delhi is reported to have the most Indian unicorns in a short span, and its startup ecosystem is growing exponentially.
Approximately 12,000 startups, 30 unicorns, and a cumulative valuation of about $150 billion could be based in Delhi-NCR by 2025, making it one of the top 5 global startup hubs. Delhi NCR contributes roughly 6.6% to the Indian unicorns.
Startup Name
Industry
Founding Year
Unicorn Entry Year
BharatPe
Fintech Payments
2018
2021
Delhivery
E-commerce Logistics Services
2011
2019
Lenskart
E-commerce- Eyewear
2010
2019
ShipRocket
eCommerce shipping
2017
2022
GlobalBees
E-commerce Retail
2021
2021
Pune
One fine feature in unicorns at Pune is women leading the start-up culture. Pune has 3200 Startups, on the other hand, Mumbai has 3274 Startups, which may compete against each other in the future in a healthy way.
Moreover, the Sci-Tech Park (established by the Ministry of Science and Technology, Government of India, and the University of Pune in 1986) alone has 153 startups.
As a result of Pune’s exceptional position to support start-ups and its proximity to industry, IT, and the best academic institutions, international collaboration among start-ups has increased over the past few years. Pune’s contribution to unicorns is approximately 5.7% as of a recent survey.
Startup Name
Industry
Founding Year
Unicorn Entry Year
ElasticRun
E-commerce Logistics
2015
2022
XpressBees Logistics
E-commerce Logistics
2015
2022
FirstCry
E-commerce
2010
2020
Icertis
Saas- Contract Management
2009
2019
Druva Software
Saas- Data Management
2008
2019
OneCard
Fintech
2018
2022
MindTickle
Saas- Enterprise Software
2011
2021
Chennai
Since Chennai city has failed to invest enough in startups in the last ten years, speed has finally picked up now, with a new administration in place. In a recent study, Tamil Nadu has a well-rounded business ecosystem spanning sectors, particularly in the industrialization sector.
However, compared to Bangalore, Mumbai, and Delhi, it still struggles to fit in. Moreover, several experts are believed to turn Chennai from Tamil Nadu into i-Tamil Nadu Technology, a hub for technology and a better startup ecosystem. Chennai as well pitches in 6.7% of the Indian unicorn sectors to the economy.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Five Star Business Finance
Financial Services
1984
2021
Uniphore Software Systems
SaaS- Conversational Automation
2008
2022
CredAvenue/ Yubi
Fintech
2017
2022
ChargeBee
Financial Services
2011
2021
Freshworks
SaaS – CRM
2010
2018
The above graph shows the aggregate value of Indian Unicorns in Billion US Dollars as per the source Iron Pillar India Tech Trends Volume IV Report
Noida
In addition to Delhi, Noida has also bagged the title of a prosperous startup hub. The city is now a gateway for various global corporations. The city might be from Uttar Pradesh but emerged just like Delhi NCR when it comes to an industrial and manufacturing hub.
Noida has wide roads, and expressways in addition to greeneries, and for this reason, Noida is at present an up-and-coming city with an impressive startup ecosystem.
Moreover, it is near the Industrial Development Authority, Delhi, which makes good connectivity to the capital city, access to profitable talent, and cost-effective operations. Meanwhile, Noida extends 3.8% of the Indian unicorn sector’s income to the economy.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Moglix
B2B E-commerce
2015
2021
PhysicsWallah
Edtech
2016
2022
Pine Labs
Fintech
1998
2020
Paytm
E-commerce Finance
2010
2015
Paytm Mall
E-commerce
2017
2018
Hyderabad
When there is a discussion about startup cities, Hyderabad also needs to be mentioned. Even though not many of the startups have turned into unicorns here, the number of budding startups here is quite high.
In the span of 3 years, from 2019 to 2021, approximately 933 startups were created here. It is not wrong to estimate that some of the smartest startups have been based in Hyderabad. And when it comes to unicorn startups, Hyderabad is home to 3 unicorns in India.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Darwinbox
SaaS- HR
2015
2022
Highradius
Fintech
2006
2020
Zenoti
Saas- Spa and Salon Services
2010
2020
The above graph shows the percentage of Indian Unicorns based on the different geography as per Iron Pillar India Tech Trends Volume IV Report
Goa
Goa is highly acknowledged for its natural component. However, the government there is keen on making it a startup destination across India. Undoubtedly, Goa is home to many small and large startup businesses. Apart from that, Goa is also home to health based unicorn startup named Molbio Diagnostic.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Molbio Diagnostic
HealthTech
2010
2022
Jaipur
The Pink city of India also provides a suitable culture for numerous startups to grow in it. The Ecosystem of Jaipur Startups is ranked at 7th position in India and 212th position globally. Jaipur is now home to one Indian Unicorn company and has many more coming in the future.
Startup Name
Industry
Founding Year
Unicorn Entry Year
CarDekho
E-commerce Automotives
2007
2021
Conclusion
On the whole, India has over 106 unicorns, all segregated in cities like Delhi, Bangalore, Chennai, Gurgaon, Noida, Hyderabad, Jaipur, Goa, and Mumbai. So far, India has globally earned recognition for its unicorns, and this may be one of the reasons why India is ranked third in the world economy.
FAQs
Which Indian state has the most unicorns?
Karnataka is home to the maximum number of unicorns.
Which city has the most unicorns?
Bengaluru has the most number of unicorns.
Which country has the most unicorns?
The United States has the highest number of unicorns in the world with a tally of 865 unicorns followed by China with an account of 224 unicorns.
Which is India’s 100th unicorn?
The 100th unicorn of India is a neo-banking platform named “Open”.
India’s biotechnology industry is moving towards new leaps and bounds keeping with the pace of global development. The main concentration of the biotech industry is biopharmaceuticals as India is one of the largest manufacturers of generic drugs.
Adar Poonawalla one of the leading businessmen of India and the chief executing officer at Serum Institute of India, the world’s largest vaccine manufacturing company has revolutionized the way of manufacturing drugs and vaccines. Adar Poonawalla is also a big philanthropist, recently featured in Forbes Asia’s heroes list.
The Bishop’s School(Pune), St. Edmund School And University of Westminister (London)
Title
CEO & Chairman of Serum Institute of India
Parents
Cyrus Poonawalla & Villoo Poonawalla
Spouse
Natasha Poonawalla
Net Worth
13.3 Billion USD
Personal Life of Adar Poonawalla
Adar Poonawalla was born in Pune and did his early schooling at the Bishop’s School in Pune. He was then sent to St. Edmunds School, Canterbury where he completed his higher secondary education. To complete his bachelor’s degree in polytechnic he went to the University of Westminster In London. Returning he joined his father’s company.
In 2005 he met Natasha Poonawalla at a New Year party which was hosted by Mr. Vijay Mallya in Goa. The two struck together and fell in love. The couple got married in 2006 and have two children Cyrus and Darius Poonawalla.
Adar Poonawalla with Natasha Poonawalla and his Children
Career of Adar Poonawalla
In 2001, when Adar Graduated from the University of Westminister, London he joined the Serum Institute of India. At that time his company was exporting its products to 35 countries, Adar having the vision to expand the company’s international market he focused upon the licensing of drugs and getting pre-qualified by the World Health Organization (WHO) to supply for United Nations Agencies including UNICEF and PAHO.
In 2011 Adar became the CEO of Serum Institute of India and with sheer will and to make a prominent position in the biopharmaceutical company he acquired Bilthoven Biochemicals, a Netherlands-based government vaccine manufacturing company. He also launched the oral polio vaccine which was the best seller of the company in 2014.
By his reach, he expanded his exports from 35 countries to 140 countries by 2015. Adar also included vaccines for Dengue, Flu, and cervical cancer in its company portfolio. He also acquired Praha Vaccine Limited in 2017.
Adar is not only a member of Serum Institute but also a board member of the GAVI alliance, which stands for the Global Vaccine Alliance. It was a big position to stand in such a short period. He is one of India’s leading and influential people.
About Serum Institute of India
Serum Institute of India is a biotech and biopharma firm. Founded by Mr. Cyrus Poonawalla in 1966 which now is the biggest vaccine manufacturing company in the world in terms of the number of doses. The Company was recognized after they began developing an Intranasal Swine Flu Vaccine in 2009.
The company initially faced many ups and downs but after working under the guidance of Adar Poonawalla company has been recognized all over the world. The products made here include the tuberculosis vaccine Tubervac (BCG), Poliovac for poliomyelitis, and other vaccinations for the childhood vaccination schedule.
Serum Institute is presently providing the Covid-19 vaccines all over the world with the name of Covisheild. It is reported that Serum Institute will provide 100 million doses of the vaccine to India and other low and Middle income developing countries.
Philanthropy work by Adar Poonawalla
Along with being a successful businessman, Adar Poonawalla has been a big philanthropist too. He is one of the leading philanthropists of Pune, also featured in the Forbes philanthropy list of Asia’s Heroes.
Adar established The Villoo Poonawalla Foundation in 2012 in memory of his mother. The main objective was to make top healthcare services affordable to help low-income families.
Along with healthcare, they focus on educational space by educating over 49,000 students through their elementary schools. The chairperson of Villoo Foundation is Natasha Poonawalla.
Adar being in the pharmacy industry knows the value of proper sanitization and cleanliness thus has a goal to enhance the overall quality of life. He has pledged INR 1.5 crores to clean up the Pune city with a fleet of 50 Garbage trucks and a crew of 70 people to complete the job.
Adar Poonawalla Clean city Movement
He has also installed water ATM’s in the city to provide safe drinking water. He donates approximately 20% of the wealth of his income to the Villoo Foundation and has a lot of fame in the Parsi Community for his philanthropy.
Awards & Recognition of Adar Poonawalla
2016: He was awarded the Philanthropist of the year by the GQ magazine.
2017: Humanitarian Endeavour Award in the Hall of Fame Awards and also Indian of the Year in CSR Business Category on CNN-News-18
2018: ET Edge Maharashtra Achievers Awards of Business Leader of the Year which was given by former CM Devendra Fadnavis. Also awarded with CNBC Asia’s award for Corporate Social Responsibility
2021: Entrepreneur of the Year by Economic Times for manufacturing of Covishield
Adar Poonawalla has been a very successful businessman and also a true achiever who is expanding his reach by pure talent and diligence. He has helped the nation to grow and worked towards the economic development of India. Being a drug maker and saving people’s lives with his medicines he is the actual vaccine prince of India.
FAQ
What is the net worth of Adar Poonawalla?
The net worth of Adar Poonawalla is $12 billion.
Who is the father of Adar Poonawalla?
Cyrus S. Poonawalla is the father of Adar Poonawalla.
What is the age of Adar Poonawalla?
Adar Poonawalla was born on 14 January 1981 and is 40 years old.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved bySerum Institute of India.
India has reported more than 19 million cases since the pandemic started, second only to the United States. There have also been over 200,000 deaths recorded. A total of 150 million vaccine shots have been administered, covering 11.5 percent of India’s 1.3 billion population. Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies. Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals
Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide.
Know the complete Success story of Serum Institute and get a glance on on how Serum Institute started, its revenue, business model, its role in Covid-19 vaccine development, competitors & more…
May 2021 – CEO Adar Poonawalla, who has been in the United Kingdom on an extended stay to avoid alleged threats in India over rising demand for COVID-19 vaccines, has announced that he will return in a few days.
Had an excellent meeting with all our partners & stakeholders in the U.K. Meanwhile, pleased to state that COVISHIELD’s production is in full swing in Pune. I look forward to reviewing operations upon my return in a few days.
Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide, including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines.
Serum Institute vaccines are administered to approximately 65 percent of the world’s children. The Serum Institute’s vaccines are approved by the World Health Organization in Geneva and are used in over 170 countries around the world as part of their national immunization programmes, saving millions of lives.
The Serum Institute of India uses cutting-edge technology to scan its goods for minute particles that are undetectable by the naked eye. The inspection is completely automated, with high resolution CCD cameras and an electronic monitored panel, reducing the margins of human error.
Tetanus antitoxin, snake antivenom, DPT vaccine, and MMR vaccine were among the first drugs manufactured in large quantities by the Serum Institute of India. Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line.
Serum Institute’s mission is to develop high-quality vaccines and make them affordable to a wide range of countries, allowing them to increase their Health Index. The Serum Institute was founded to ensure that vaccines are no longer a privilege for Indian children.
Serum Institute began supplying high-quality, but affordable vaccines to many countries around the world after achieving this aim. International agencies such as the WHO, PATH, NIH, NVI/RIVM, and CBER/USFDA have collaborated with Serum Institute to produce vaccines against Meningococcal A, H1N1 Influenza, Rotavirus, and other diseases.
Serum Institute of India – Name, Logo and Tagline
Serum Institute of India’s tagline says, “Serum – Protection from birth onwards”. The company is the world’s largest vaccine manufacturer and produces vaccines(including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines) that protect people from birth onwards.
Serum Institute Logo
Serum Institute of India – Founder and History
Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.
Founder of SII – Dr. Cyrus Poonawalla
Following that, many life-saving biologicals were produced at reasonable prices and in large quantities, resulting in the country being self-sufficient in Tetanus Anti-toxin and Anti-snake Venom serum, then DTP (Diphtheria, Tetanus, and Pertussis) vaccines, and finally MMR (Measles, Mumps, and Rubella) vaccines.
Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line. Apart from vaccines, the company also produces antisera, blood plasma, and hormones. The Serum Institute of India’s vaccines has been used in international vaccination programs run by the World Health Organization (WHO), UNICEF, and the Pan American Health Organization as of 2014. (PAHO). The Poonawalla Group now runs the Serum Institute of India, which is involved in research, production, and manufacturing.
In 2009, the company started working on a swine flu vaccine that would be administered intranasally. Bilthoven Biologicals, a pharmaceutical firm in the Netherlands, was the company’s first foreign purchase in 2012.
The Serum Institute of India developed Rabies Human Monoclonal Antibody (RMAb), also known as Rabishield, with help from Mass Biologics of the University of Massachusetts Medical School in the United States.
CEO of SII – Adar Poonawalla
By 2020, the company will have developed 1.5 billion vaccine doses each year, making it the world’s largest vaccine manufacturer by amount of doses produced. Tuberculosis vaccine Tubervac (BCG), poliomyelitis vaccine Poliovac, and other childhood vaccines are among the products created.
Serum Institute of India – Covid 19 Vaccine Development
AstraZeneca, a British-Swedish multinational pharmaceutical firm, has teamed up with Oxford University to grow AZD1222. According to reports, Serum Institute will provide India and other low- and middle-income countries with 100 million (10 crores) vaccine doses.
By the end of 2021, the target had been raised to one billion doses. It’s expected to cost about $3 per dose or around 225 dollars. Trials were suspended by DCGI in September 2020 after a volunteer in Oxford became ill after being vaccinated, but were quickly resumed after British regulators agreed. The Serum Institute of India applied for emergency approval for the vaccine produced with AstraZeneca in December 2020, and it was granted a month later. A deal was reached in March 2021 to supply certain doses to the United Kingdom.
The Serum Institute of India has also agreed to produce Novavax’s NVX-CoV2373 vaccine for India and other low- and middle-income countries. Codagenix’s nasal COVID-19 vaccine CDX-005 will also be manufactured by the company (tradename COVI-VAC)
SII’s net sales in 2018-19 were Rs 5,238 crore, with an after-tax profit of Rs 2,252 crore. The compounded annual growth rate (CAGR) for revenue was 8.1 percent over five years (2014-2019), while the CAGR for profit after tax was 5.3 percent. In 2019, SII’s export earnings accounted for more than two-thirds of its net sales. At the end of 2019, it had total assets of Rs 16,703 crore.
The pharma giant AstraZeneca and the University of Oxford collaborated on the Covid-19 vaccine. Covishield has a 62 percent efficacy rate. The SII has already generated a stock of approximately 5 crore doses. By February, it claims to be able to increase production to 10 crore doses per month.
Serum Institute of India – Investments
Date
Organization Name
Round
Amount
Jul 23, 2019
X-Vax Technology
Series A
$56M
Oct 5, 2017
Visterra
Series C
$23.6M
Serum Institute of India – Acquisitions
Acquiree Name
About Acquire
Date
Amount
Nanotherapeutics
Privately held specialty biopharmaceutical company with product development, cGMP manufacturing capabilities
Biocon, Panacea Biotec, Bharat Serums, Wockhardt, Biological E, Bharat Biotech, Syngene International, Indian Immunologicals, Premas Biotech, Reliance Life Sciences, and Zydus Cadila are among the other leading competitors in Serum Institute’s competitive set.
Cadila Healthcare, India’s fifth largest pharmaceutical firm, is working on an indigenous vaccine for the novel coronavirus in addition to producing Covid treatment drugs like remdesivir. Phase-III trials on 26,000 Indian patients have been approved by the government. The vaccine’s price has yet to be determined by Cadila.
According to Poonawalla, the real challenge in 2020 will be determining if the Covid vaccine will actually function and be effective in humans. It was also difficult to demonstrate its effectiveness and plan a trial in a country where outbreaks are likely to occur, most likely China.
According to the CEO, “Our journey now is looking and has lot of challenges because we are trying to enter the Europe and US markets. We are trying to sensitize the Indian government to take more vaccines and plan and help them in their programmes to fight these life threatening diseases. We have got other challenges from China and other countries where we are offering a red carpet treatment for them to come here, but when we want to go to China, we have got a lot of barriers that we are facing like parting with our technology, we have got to do joint ventures things which are impossible.”
Serum Institute of India – Future Plans
As it struggles to fulfil supply obligations, the Serum Institute of India, which manufactures the AstraZeneca Covid-19 vaccine, is considering starting vaccine manufacturing in other countries.
“There’s going to be an announcement in the next few days,” Adar was quoted.
Poonawalla said the Serum Institute would be able to increase its monthly production to 100 million doses by July, a month later than the previous goal of end-May. Vaccines against Covid-19 have run out in some Indian states.
Within six months, he planned to increase the Serum Institute’s capability from 2.5 billion to 3 billion doses per year. He flew to London until Britain imposed an eight-day travel ban on Indians.
Serum Institute of India – FAQs
What does SII do?
Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies.
Who founded SII?
Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.
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 PortraitFlip.
PortraitFlip helps creating a wonderful gifting experience for its customers. It understands the most complicated task of deciding on a perfect gift and therefore introduced a modern way to gifting. Founded by Sunny Choudhary in 2018,PortraitFlip makes handmade paintings from photos.
StartupTalky interviewed Sunny Choudhary (founder of PortraitFlip) to know the Success Story of PortraitFlip and get a glance on the business model of PortraitFlip, its startup journey, founders, products offered, turnover & more…
PortraitFlip makes handmade paintings from photos. It’s that simple! Art is underrated, but customers hardly know how emotionally governing a handmade painting can be.
With a short-term vision of providing an unquestionable 100% customer satisfaction with unforgettable brand awareness, PortraitFlip looks ahead to promote the implicit ninjas of the art world and create better living standards for the artist community.
“We are also driven by the commitment to generate decent employment and contribute to the economy. Nothing is a better asset to a company than a potential youth who has the urge to learn and prove himself” – Says Sunny Choudhary, Founder, PortraitFlip.
PortraitFlip Instagram
PortraitFlip – Market/Industry Details
PortraitFlip is a part of the gifting industry which has a market size of approximately$31.63 Billion. While it forms a very small part of this share, PortraitFlip is trying every chalk and cheese to make a decent contribution to the market share.
The team is sure that the art of gifting is only going to get better in the next 5 years. There is going to be a growing demand for handmade/personalized gifts now more than ever – that’s a brownie point for the gifting industry.
Sunny Choudhary is the founder of PortraitFlip. However, he believes that an idea is just a thought if not backed by a team.
Team PortraitFlip
PortraitFlip has a team of ten players who have successfully maintained a highly enthusiastic and young working culture at the office. PortraitFlip is working with more than 190 artists across the world, promoting and supporting their living.
Sunny Choudhary believes in only one Hiring Funda –
“Hire an expert for a payroll of two average candidates – it makes all the difference. The second would be to treat your team as a family who is trying to help your ends meet”
One of Sunny’s friends wanted to gift his girlfriend a handmade painting from a photo but had a tough-luck finding it. There were very limited companies that provided this service and the ones that did, cost an arm and leg to deliver.
Sunny Choudhary realized that there was a gap that needed to be filled and grasped this opportunity to make PortraitFlip. He started with reading and analyzing the competitors in the market. There wasn’t a validation required since he felt the deficit in the product.
The launch of PortraitFlip went smooth. Everything was taken care of from the website to delivering partner. The website was ready and Sunny was on talking terms with the studios.
The only thing that bothered him was – “It was the end of November and I hadn’t received a single real order”
After thorough research, he decided to run GoogleAdsand FacebookAdswith the idea of receiving orders fast. But money stood his way. All of Sunny’s hostel mates decided to pull in whatever they could and funded PortraitFlip’s initial round of Ads,which was later returned with interest.
“Most of my conversations happened with my hostel mates and best friends. They were of great support and motivation. It was them who gave me the strength to undertake something like that” adds Sunny.
PortraitFlip has a dedicated website, that a handmade painting from photos.
PortraitFlip Website
“It might not sound like an actual problem but it is – the core of it is that the hidden maestros of the artworld do not get the respect they deserve” says Sunny, founder, PortraitFlip.
PortraitFlip is thriving towards making a better living standard for all those artists who end up compromising on their passion. Its product is and has always been handmade paintings and the team would love to stick to making big pictures for it.
PortraitFlip Products
PortraitFlip – Name, Tagline and Logo
PortraitFlip came pretty simply to the team. The teams flips photos into handmade paintings and that’s how the name was born. To be on point and precise was the main intention here.
PortraitFlip Logo
Sunny Choudhary feels that handmade paintings are a graceful way of keeping unfinished, finished or most cherished memories intact – which showed him a way to the tagline – “Making your memories live forever.”
The logo of Portrait went through a lot of revisions over time. The one that the team finally landed with has a lot of hidden elements to it but yet seems uncomplicated which was the biggest challenge to be accomplished.
To keep an artistic touch – the team decided to have a color palette in place of the “o” and the heart on the “I” to connote the emotions that the painting carries while red remains the universal color of love and grasp the user-attention.
PortraitFlip have a B2C business model and its entire operation takes place over the website. The prices of PortraitFlip’s handmade painting start with $60 and go up to $675 depending upon the size, medium, and subject of the painting.
PortraitFlip – Startup Launch and Customer Acquisition
“I would say Google Ads and Facebook Ads are a blessing! While we kept a head-on with SEO practices, Email Marketing, and other aspects of digital marketing, Ads boosted our sales within 4 months.” says Sunny.
Since, PortraitFlip is an E-commerce site, most of its sales are bettered by practicing every aspect of organic SEO. The team tried to hit up the traffic by working on everything from Content Marketing to Email Marketing to Social Media Marketing. It gave wonderful results and it’s been almost a year, PortraitFlip haven’t invested anything in ADS. SEO is doing everything!
SEO took time to show results but it worked miraculously for PortraitFlip when it did. The team improved its social media game by releasing reels and YouTube videos.
PortraitFlip
Improvised customer services also helped PortraitFlip’s sales to be increased. it improved its website by making it more user-friendly, it made entire ordering process smooth enough with very low chances of people leaving without ordering. It’s not just about making a website. There was much more involved in the backend.
“Customer satisfaction is very important. If your customer is content with your work and service, you automatically buy yourself a few future sales. Word of mouth!” adds Sunny.
“Challenges are challenges if you look at them with that eye. It is just a part and parcel of the entire ball game that we call a business. There will be hurdles all the time, but you have to keep fighting it and conquering all” says Sunny.
A minor carelessness from PortraitFlip’s side and it was removed from ETSY overnight! ETSY was a platform that was bringing the startup with major sales. Before the team could act upon it and damage control, PortraitFlip lost an entire customer base in the blinking of an eye.
But the team did not give up. Facebook came to its rescue, and even though things went a little haywire for a month, everything was taken care of.
PortraitFlip – Growth and Turnover
PortraitFlip has a decent turnover of 6 crores, in just 3 years from inception. Its target is to hit 10 crores in the year 2021.
PortraitFlip is working with more than 190 artists across the world, promoting and supporting their living.
“Entrepreneurs are advisors and mentors themselves. The idea is to experiment, fall, learn and experiment again” adds Sunny.
In this case, Sunny Choudhary (Founder of PortraitFlip) keeps researching, reading, and coming with new ideas to advise and mentor his team. The team has been of massive support too. They make sure that they keep their homework ready and add maximum value to the company by educating and experimenting.
PortraitFlip – Competitors
PaintYourLife, MyDaVinci and InstaPainting are the top competitors of PortraitFlip.
PortraitFlip was honored with an award for the Best Start-up from Vellore Institute of Technology, Chennai.
“Well, I can proudly say that my biggest achievement would be – my team of 10 renegades” exclaims Sunny.
PortraitFlip – Future Plans
The team has an aim to make PortraitFlip the go-to platform for handmade paintings across the world. However, apart from this, it is also planning to enter the Pet Market. The work has already begun with its sister website dogisworld (but still building a base for it)
PortraitFlip – FAQs
What is PortraitFlip?
PortraitFlip E-Commerce Pvt. Ltd. is a startup that makes handmade paintings from photos.
Who is the founder of PortraitFlip?
Sunny Choudhary is the founder PortraitFlip.
How much is the turnover of PortraitFlip?
The turnover of PortraitFlip is 6Cr since inception and it has a target of 10Crs in 2021.
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 Scikey.ai
Akshay Sharma, Alok Kumar and Karunjit Kumar Dhir, the founders of SCIKEY had to go through the painful experience of dealing with multiple vendors and service providers for sourcing the required talent or even the right technology solutions & providers. Thereby leading them to start SCIKEY.
SCIKEY is a marketplace network for talent & technology solutions. On SCIKEY’s platform, the entire transaction – right from talent & technology sourcing to delivery happens online. The Asia HR Management industry is anticipated to be USD 40 Billion by 2027 growing @ CAGR of 11.7% (Grand View Research, Feb 2020).
StartupTalky interviewed Akshay Sharma (Co-founder of SCIKEY) to know about the Journey of SCIKEY, while also getting a glance on Scikey’s Business Model, Funding, Growth, Revenue Model, Products, How it started & more…
SCIKEY is a marketplace network for talent & technology solutions. It is essentially, how one may look up to it like the Amazon for talent & technology solutions with a touch of LinkedIn. SCIKEY is a digital platform for jobs, work & business solutions, supported by a Professional Network and an integrated Services Ecosystem. It aims to organize the talent & technology solutions marketplace online.
SCIKEY – Vision, Mission and Core Belief
SCIKEY’s Vision is to be the world’s most trusted company for providing customer-centric solutions by inspiring people, collaboration & performance.
SCIKEY’s Mission isto improve the lives of the people and enable businesses across the world by offering them best quality, value, insights & experience; through its marketplace network for talent & technology solutions. SCIKEY continues to invest in research & technology to fuel innovation and making people as well as businesses more productive, thereby becoming their trusted partner in this hyper-connected world.
Core belief: SCIKEY’s core values of Trust, Transparency & Excellence are the foundation of all the relationships, making those delightful and sustainable.
The global talent management software market size was valued at USD 6.26 billion in 2015 and is expected to witness a significant growth owing to its growing application scope in almost all the human capital-centric industries. The industry is undergoing a facelift with many new technologies disrupting the workforce management in organizations, of which cloud and data analytics are the most prominent ones.
A recent report published by McKinsey indicates that the digital talent marketplaces driving the so called “gig economy” could play a significant role in increasing global GDP by $2.7 Trillion by 2025.
Market Details:
Total addressable market: $100 bn +
Serviceable Available Market: $1 bn +
Serviceable Obtainable Market: $100 mn +
The geographical split of SCIKEY’s market is as follow:
India – 10%
North America – 30%
Europe – 20%
Asia (minus India) – 40%
HR Tech industry:
Asia HR Management industry is anticipated to be USD 40 Billion by 2027 growing @ CAGR – 11.7% (Grand View Research, Feb 2020)
Global HR Tech Marketplace – USD 400 Billion (Deloitte Reports)
HR Tech Market Size In Asia – USD 9 Billion (Grand View Research, Feb 2020)
Robotics / AI Based HR Tech Market – USD 6 Billion (People Matters)
Alok Kumar is the founder of SCIKEY. Akshay Sharma and Karunjit Kumar Dhir are the Co-founders of SCIKEY.
SCIKEY is the brain child of Alok Kumar. Shriram & Akshay had met & worked with Alok as a part of his team, before Alok moved out to build SCIKEY. Interestingly, Karunjit had first met Alok in 2007, when he was helping Alok as his customer to setup their offshore captive in India.
Since then, they built a great chemistry & mutual respect but Karun moved out of India in 2014 and so little did they know that they will again get to work some amazing stuff together until thatdinner invitation in 2018. Karun had moved out from his last corporate stint in Malaysia and was taking a short break to visit India to spend some time with his family. It was during this trip back home where Alok invited Karun for catchup over a dinner where he shared his vision of SCIKEY to Karun. Alok was inspired by some of Karun’s critical inputs & prior experience of building multiple technology businesses ground up in multiple global markets, thereby invited him to be a part of the Co-Founding team at SCIKEY; and the rest is history.
SCIKEY’s core team’s tasks –
Alok Kumar – Founder
Akshay Sharma– the owner of R&D & works closely with Alok & Karun on key business boosters like research, automation, growth hacking etc.,
Karunjit Kumar Dhir – owner for the branding, business development, revenue growth & global expansion, investors & fundraising, Finance
SCIKEY’s work culture is built around the core values of trust, transparency & excellence leading to mutual respect, happiness & sustainability.
SCIKEY’s hiring funda has an interesting framework, named ‘DISCO Framework’
D – Dependability (can I just talk to you once & be assured the job is done without any follow-ups or even better can you pro-actively get the job done?)
I – Integrity & Ethics (how much can I trust you & be assured that you will always do the right thing even when no one is watching you?)
S – Solution Mindset & an attitude of sharing (every business will have many problems to solve & so are you the one who will provide solutions or just restate the problems back to us? And, even when you solve problems, will you share the credit with your team or always fly solo?)
C – Curiosity (Can you challenge the Status Quo & imagine better? Are you good with ‘Why’ and ‘Why not’?)
O – Openness (Are you humble, open to feedback, correction, change, to Learn, Unlearn & Relearn?)
The Founders & Team section of the post already covered the part on how the Core team of SCIKEY was formed. Let’s see what else it took to start SCIKEY.
SCIKEY’s founding team have lead multiple companies in different roles (including CXO) as well as geographies and were mostly involved in building products, teams, delivery centers ground up etc., Therefore, quite often they found themselves in a situation where they had to go through the painful experience of dealing with multiple vendors and service providers for sourcing the required talent or even the right technology solutions & providers.
“It used to be a very time consuming & inefficient exercise with a direct negative impact on business and ROI” Says Akshay Sharma (Co-founder, SCIKEY)
Another big related parallel problem that they always encountered was the productivity issues of the teams or people who were sourced by their talent partners and the resulting losses for the company as an outcome of that. These prevalent issues motivated the team to seriously think of a solution that later took the shape of SCIKEY.
Even, other peers from the industry acknowledged the problem, but no one was trying to solve it with an effective workable solution. So most of the ideation happened internally. They collected feedback from the CXOs or top leaders in the industries who were directly responsible for building and running profitable companies of different shapes & sizes (right from funded start-ups to global fortune MNCs). This helped the SCIKEY team to learn the root-cause of the problem and by connecting the dots from personal experience + Inputs from leaders, they decided to build SCIKEY! Arobust platform and a business model that can be scaled to service the needs of a global audience.
The way this world moved from offline to online banking, offline retail to e-commerce, offline taxis to e-hailing and more. SCIKEY also started with taking the entire experience of sourcing talent & technology solutions online.
On SCIKEY’s platform, the entire transaction – right from talent & technology sourcing to delivery happens online. It aims to organize the talent & technology solutions marketplace online.
SCIKEY is primarily automating most of the mechanical things but going big on the human touch. It’s about helping the generally overloaded talent & technology sourcing teams, with a solution that eases their life and helps them add real value to the business by being a “business partner” in its true sense. It is about streamlining the process end-to-end (that is otherwise largely fragmented) not only to achieve exceptional business outcomes, but also offering a great user experience, that is missing generally.
And then came Covid19, which further disrupted & redefined the future of work and how the businesses look at getting their talent and technology solutions right. The Future of Work & Workforce is very different from what it has been all these years. We now live in a post-COVID world. The pandemic has accelerated the adoption of digital, virtual as well as remote solutions but the large part of talent & technology solutions market is still serviced manually (via a handful of the tools that do not offer a complete end-to-end solution or assured outcomes).
Customers now expect a great Experience (Personalized), Convenience (Anywhere & Real-time access), Value (Ongoing), Choices (Faster Fulfilment) & Insights (that impact Business Outcomes). And this is where SCIKEY helps!
SCIKEY offers a digital, connected & intuitive experience over a secure cloud-based platform for best outcomes & productivity, leveraging technology, Crowdsourcing (Onsite, Offshore, Remote), Community & Automation to deliver best of the solution and insights that impact business outcomes.
Research & IP Focus – Patent filed for the SCIKEY MindMatch algorithm & research presented at the United Nations(Geneva) twice. Unique “Managed Marketplace” business model that leverages advanced tech enabled crowd-sourcing of talent & technology solutions in a single online platform making it highly elastic, scalable & cost-efficient.
Solid founding team with decades of proven industry leadership experience selling large solutions & building high-growth business in multiple global markets from scratch; and prior experience of working together.
Deep domain as well as technical expertise.
Astute focus on unit economics and hence a cash-positive business already.
SCIKEY emerged from the combination of two important words that form the generis of the team’s approach behind building this platform –
Scientific (backed by research & data) + Key (of crucial importance) = SCIKEY
“We have always seen SCIKEY as a solution to some of the ‘key’ problems of our potential customers and we genuinely believe in the power of scientific input(data) in this hyper-connected world that we live in. and, that is how we decided to go with Sci + Key = SCIKEY” Says the team.
SCIKEY LOGO
It’s not only the SCIKEY name that has deep meaning and relevance but the colors represented in the SCIKEY logo also has notions behind it.
Colors convey emotions & evoke thoughts. The 6 colors in the SCIKEY’s logo convey the emotions of the brand. It represents the possibility of looking at a problem in 6 different ways to evaluate multiple potential solutions as well as personalities coming together to solve the problem.
Blue – A color of the sky and sea. It is often associated with depth and stability. It symbolizes trust, loyalty, wisdom, confidence, intelligence, faith, truth, and heaven.
Green – Resembling nature. It symbolizes growth, harmony, freshness, and fertility. Green has strong emotional correspondence with safety. Dark greenis also commonly associated with money.
Yellow – The most luminous of all the colorsof the spectrum. It’s the colorof happiness, and optimism, of enlightenment and creativity, sunshine and spring.
Orange – It combines the energy of red and the happiness of yellow. It is associated with joy, sunshine, and the tropics. Orange represents enthusiasm, fascination, happiness, creativity, determination, attraction, success, encouragement, and stimulation.
Red – A color of passion and adventure.
Grey – In colorpsychology, grey represents neutrality and balance.
SCIKEY – Business Model and Revenue Model
SCIKEY operates mainly on a SaaS model. SCIKEY’s revenue model is based on –
Transaction Fee – 15-30% of the sale value from the marketplace network
Micro-payments – $10 – $200 for various features, add-ons, reports, assessments monetized from its network
Subscription – for some of the ‘ABC-as-a-Service’ components & certain Premium Features for buyers as well as sellers on the platform
Managed Services & Consulting – especially for the Offshore & Remote Work solutions plus other premium offerings
Since beginning, SCIKEY was a research focused company. The team was already working with various professionals, businesses, institutions as well as universities/colleges on multiple research projects as well as pilots for some of the components of the platform. At start, it was not the same full-fledged platform like what one can see today, it was more of independent pieces or modules; largely to gather research data as well as user feedback.
For acquiring the first 100 customers , the team relied heavily upon customer referrals and LinkedIn. SCIKEY hasn’t been spending huge money on growth hacking as yet.
“We are a team that firmly believes in achieving an organic growth (even if it is slower initially) fueled by the thought leadership & brand authority as against burning big bucks to get quick hype. A quick hype is directly proportional to the burn-rate and tapers down as soon as the money fades away” added Akshay.
SCIKEY majorly focused on customer retention and repeat users. All they did was –
Listening to customers feedback, to incorporate it back in improving the product
Keeping its paid user acquisition burn to a minimum or zero
Continuously working towards improving the quality of experience & outcomes the customers/ users get from SCIKEY; as that makes us cash positive as well as sustainable.
SCIKEY founders are a big fan of frugal innovation & Zero cost marketing.
Whoever SCIKEY reached out to said this – “Hey, you guys have built such a great product. What progressive thinking, but how come we never heard of SCIKEY before? do you have any customer references? “
The major challenged faced by the team was that nobody knew SCIKEY in the market. It took a lot of effort and time to get even a demo booked (As per the sales team)
SCIKEY does not have a significant marketing budget & hence there is not much one can do. (As per all the Marketing Managers, Digital Marketing folks who applied for a role with SCIKEY but never joined)
This was one of our biggest challenges in the early days – Everyone we meet likes us (Team & product both) but as they have never heard of the brand before, they did not have much confidence to take the plunge & come on board as a paid customer – Said Akshay (Co-founder, SCIKEY)
This is what inspired SCIKEY’s team to get a lot more active on LinkedIn to create awareness and build engagement around the brand SCIKEY. Therefore, after 100s of posts, garnering 1,000s of cumulative views with an average of 2K+ and the highest of 10K+ views with many trending posts in multiple hashtags, a series of blogs and authored articles published; finally making it to the deal table and signing paid customers is what makes SCIKEY proud.
SCIKEY – Marketing Campaign/Strategies Adopted
SCIKEY’s 2 trending Marketing campaign –
Women’s day Campaign – #SheTakesTheLead
The idea was to promote women hiring for executive positions and challenge the status quo. Globally only 1 in 5 C -level Executives is a woman. This is because of displaced cultural norms. SCIKEY, with this campaign wanted to promote, from this women’s day that a woman will take the lead and the ecosystem should come together to support them.
To promote this idea. SCIKEY did a short ad film.
SCIKEY also acknowledged women leaders who broke the metaphorical glass ceiling, the society odds and has taken the lead in their own way. SCIKEY interviewed various women leaders to share their personal stories, how they overcame the gender challenges & despite of so many odds, how they succeeded to become what they are today.
SCIKEY Leader Speak Series
Under this initiative, SCIKEY interviewed Thought Leaders from the Business and HR space where they shared their perspective about the future of workforce, future of work, best strategies to lead the change & business. SCIKEY promoted these interviews on all of their social media channels, website & newsletters. Each leader further shared the interview in their own network. This has given SCIKEY a greater organic reach, trust, and credibility in decision makers fraternity.
SCIKEY was awarded the “Top 20 Most promising HR-Tech startups – 2020” by the CIOReview
AI powered platform with Research & IP focus – patent filed for the SCIKEY MindMatch algorithm that was presented at the United Nations(Geneva) also twice
Deloitte Technology fast 50 winner for 2020
SCIKEY – Competitors
Remote.com, Upwork and LinkedIn are the top competitors of SCIKEY.
Remote.com
Remote helps companies of all sizes hire top talent all over the world, in full compliance with local laws. It is a global platform for distributed teams. Remote makes it easy to onboard, pay, and delight remote employees and contractors.
Upwork
Upwork connects businesses of all sizes to freelancers, independent professionals, and agencies for all their hiring needs.
LinkedIn
LinkedIn platform is mainly used for professional networking, and allows job seekers to post their CVs and employers to post jobs.
Over the next 1-2 years, SCIKEY aims to grow the customer base by at least a 5x and the revenue by 2-3x. While growing its partners by 5x and member users to at least a few million. SCIKEY is also planning to venture into new markets like Singapore, Indonesia, Vietnam, Philippines and Australia.
SCIKEY – FAQs
What is SCIKEY.ai?
SCIKEY is a marketplace network for talent & technology solutions
What does the word ‘SCIKEY’ mean?
SCIKEY has emerged from the combination of two important words that form the generis of the team’s approach behind building this platform – Scientific (backed by research & data) + Key (of crucial importance) = SCIKEY
Who are the founders of SCIKEY?
Alok Kumar is the founder of SCIKEY. Akshay Sharma and Karunjit Kumar Dhir are the Co-founders of SCIKEY.
How much funding has SCIKEY raised?
SCIKEY had funding of USD 3.5 Million in 2016.
Who are the competitors of SCIKEY?
Remote.com, Upwork and LinkedIn are the top competitors of SCIKEY.
When was SCIKEY founded?
SCIKEY was founded in the year 2016 by Alok Kumar.
