Tag: Pune Startups

  • Chappers: Traditional Footwear Brand Through Innovative Indian Craftsmanship

    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 Chappers.

    Maharashtra has a rich and varied arts heritage. Kolhapuri chappals are one of the most popular hand-made crafts from locally sourced leathers. It has its origin in the Kolhapur town of Maharashtra. Kolhapuri chappals are made from leather using only natural ingredients. They are the best example of ethnic and traditional fashion footwear that are eco-friendly and handcrafted. Startups are taking initiatives with their innovative approach to preserving the ancient craft traditions of India and supporting Indian craftsmanship. Chappers is one of the brands that is reviving craftsmanship in India. They started with Kolhapuri chappal and now bringing a revolution in footwear fashion, especially for men.

    Read the success story of Chappers, its founder, business model, growth, and the challenges it faced in the journey.

    Chappers – Company Highlights

    Startup Name Chappers
    Headquarters Pune
    Industry Footwear
    Founder Harshwardhan Patwardhan
    Founded 2014
    Website chappers.in

    Chappers – About
    Chappers – Founder and Team
    Chappers – The Idea and Startup Story
    Chappers – Name and Logo
    Chappers – Products
    Chappers – Business Model
    Chappers – Revenue Model
    Chappers – Customer Acquisition
    Chappers – Challenges Faced
    Chappers – Growth
    Chappers – Hiring Culture
    Chappers – Funding
    Chappers – Competitors
    Chappers – Future Plans
    Chappers – Tools Used in the Company
    Chappers – Advice from Founder

    About Chappers Footwear Making

    Chappers – About

    Chappers is a men-focused brand. They make footwear for women too but there are bigger issues to solve when it comes to men’s footwear. Chappers aims to solve the following problems in the Indian footwear industry:

    1. Men are taught not to wear good colours. The industry hence makes only black, brown, and grey for them. Those who want to wear colours do not have options.
    2. Custom footwear is often very expensive and unreliable. they want to change that. They give men brilliant quality custom footwear at the right price.
    3. Mass customization would be the norm in a few years. They want to be the brand that revolutionizes the footwear industry.
    4. Footwear and technology usually never go hand in hand. The Indian footwear industry is very unorganized and needs disruption. They have built India’s first virtual customization software where the customer will be able to customize the footwear on large touch screens first, check if it suits their taste, and then place an order for it. They aim to home deliver a custom pair of footwear within 72 hours.
    5. This industry is heavily reliant on inventory. Retailers have to stock up huge number of styles only to know that only a few of them work. Later they have to offer heavy discounts on styles that don’t work. With our model, our franchises will keep only bestsellers in stock and the rest will be custom-made. Since the lead time will be just 72 hours, the customer won’t mind waiting. Plus, the price of the in-stock designs and the custom product will be the same, adding to the value.

    Chappers – Founder and Team

    Harshwardhan Patwardhan - Chappers Founder
    Harshwardhan Patwardhan – Chappers Founder

    Harshwardhan Patwardhan is the founder of Chapppers. He has completed his MSC in management from the University of Nottingham.

    Currently, they are a team of 25 people including a sales team, operations team, accounts team, and a team of expert craftsmen. Each of them has the vision to make Chappers the best footwear brand India has ever seen.

    Chappers – The Idea and Startup Story

    Chappers initially started with a vision to take the Kolhapuri chappal global. Harshwardhan first came across Kolhapuri chappals on his first traditional day in college. His brother gave him ancient-looking chappals to wear under his kurta and he fell in love with them. Since then, there hasn’t been a day that he has not worn a Kolhapuri. But it had certain negatives. It was hard, slippery, and available only in the traditional brown colour. He started wondering if he could change these things. Would people in Europe/Latin America wear this chappal if he worked on the negatives? He started researching and working with different materials and that’s when Chappers was incepted.

    Chappers Logo
    Chappers Logo

    Before the founder even started finding a name for the brand, people had started placing orders, as they found his work interesting and wanted cool-looking-new-age Kolhapuris. He had booked a stall at a flea market in Phoenix Market City, Pune and they asked by what name should they reserve the stall. That night, he chalked out close to 200 names but only 1 stuck. He took “Chapp” from “Chappals” and since I was making them comfortable and in a way westernizing the chappal, he added “ers” to it like Slipp”ers” or Loaf”ers”. He joined them together and it made a very short and sweet brand name “Chappers”. Since the name was coined by Harshwardhan, I had no issues in trademarking and copyrighting it too!

    He asked one of his friends to develop a logo for the startup, based on the concept of taking Kolhapuris global. So, he actually drew a Kolhapuri and fit the font such that “C” was the heel and “S” was the thumb! And he loved it!

    Chappers – Products

    Chappers have now expanded into many different products. After a point the founder realized that his interest lies not only in taking the Kolhapuri global, but also the Indian craftsmanship. They want to start with revolutionizing the Indian footwear industry completely. They design great products and enable the customers to customize it in their own colors. They let them add accessories, their initials on the shoes and try to do all of this in a very reliable way and at the right price. Now, they don’t restrict themselves in terms of the nationality of the products origin or the century it was first made in. They want to build great, innovative products and want people to wear them in their own favorite colors. Imagine if a brand starts giving custom footwear at the right price and in a lead time as low as 2 days, why does the footwear industry need crores and crores of inventory?

    Chappers – Business Model

    Chappers’ business model is very simple. It is a very complicated model to understand for an outsider. But for the customer, it is very simple.

    The customer walks into the store/Kiosk and checks their shoe size by trying on their sizing samples. He then sees two sections – RTW (ready to wear) and customization. If he wants to pick up a pair right away, they have a selection of 25-30 bestsellers in stock at all their stores. But, if he has 2-3 days at hand, he can take a look at our customization section. There, he will see numerous designs in unimaginable colours and material variety. He can touch and feel the product, select the design he likes and then move on to a big touch screen. On the touch screen, through their virtual customization platform, he will be able to change, colours, and materials, add accessories to the design that he selected, and then see how the product looks on his feet with the help of an iPad. He can then place an order. If not, he can just enter his mobile number and the shoe that he designed will be sent on WhatsApp to him for future reference. If he does place the order, the full customized product will reach his home in the next 2-3 working days.

    Now that he knows his size and fit, he can even customize any design on Chappers’ website and place the order from the comfort of his home.


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    Chappers – Revenue Model

    Their policy is to never undercharge or overcharge the customer. Whenever they develop a product, their aim is to provide the maximum value to the customer. They never are cheap nor expensive, they just aim to sell their products at the “right price”.

    For example, if a customer looks at a product and feels that it’s worth Rs.5000, then that product should be priced at Rs.4999. They pay their craftsmen very well. They want to ensure both sides of the supply chain are equally happy with them. The team of craftsmen and employees should be equally happy, hence they do not believe in discount marketing. They make good quality products and expect the right price for them.

    Chappers – Customer Acquisition

    This bit came easy for them. They made the first 100 samples and booked a flea market stall. They sold 90 out of the 100 pairs on the first day!!

    After the first flea market experience, their confidence soared. They started believing in the product even more. But, where they can go to sell every day? They couldn’t get a stall. So, they built a basic website and social media pages. First, the orders started coming in through friends and family and then through their friends and family and the circle grew. Since Pune is a small community-like city. Word of mouth spread fast. Slowly they started getting online orders too. But people always asked one question – where can they come and try the footwear? So, they opened their first store on Karve road, Pune. Their stores are very uniquely designed. Big wooden chair, embroidered carpets, and footwear handled with gloves. Not every footwear store does that. Hence, they immediately got a good response for the store too.

    Chappers – Hiring Culture

    In Chappers, your degree does not count. Whenever they are interviewing, they keep the CV aside and talk to the candidate. They want all their team members to be problem solvers. Good manners and extremely high morals are definitely needed if you want to be a part of the team. Patriotism is also a must if you are to qualify as a team member. People who love India and want to do something for the country have a different outlook towards life, Chappers team wants to work with such people.

    Chappers – Challenges Faced

    When Harshwardhan Patwardhan decided to explore the opportunity, he had no background in footwear or business in the leather industry or retail industry. He is from a transport background as his family is into people and goods transport. He had to learn from scratch.

    Second, the footwear and leather industry in India is very unorganized. There are still many vendors who are not on Google. Additionally, nobody wants to work with a person who is just starting out, has no industry experience, and has no money. From vendors to employees, the founder had rejection all around.

    Duplication has also been one of the major challenges. As they started becoming successful, small factories started copying their products and selling them cheaper. They had to develop a lot of IP surrounding their logo to safeguard themselves from this duplication mafia.

    The INR 2000 and above market is dominated by foreign brands. Unfortunately, we think that foreign brands deserve higher MRPs and our own Indian brands don’t. People have said things like “Indian brand hai na to 1000 tak price thik hai”. Our people take pride in wearing foreign brands and undervaluing Indian brands. Building a footwear brand that does not have a single product priced under Rs.2000 is definitely a tough path under current circumstances. But they believe in India, they believe in their products and they believe in the future. This keeps them going.

    Chappers – Growth

    Right now, they have four stores in Pune and they deliver across India when ordered online. They have even delivered orders to 27 foreign countries. Chappers’ revenue is around 2.5 crores and they have approximately 27,000 customers to date. Their returning customer rate is 40% which is pretty high for a footwear brand.

    Chappers – Funding

    Fortunately, till now they have always been profitable and self-sufficient. Even during the pandemic, they had to modify a lot of systems and cost structures but they strived and remained profitable. They will start looking for funding this year as they think now their business model is well evolved and they are aware of what has worked for them and what has not. The new model can truly revolutionize the entire footwear industry and they will come out on top. If they stick to the plan and keep capturing their goals, they think they can be the Zomato of footwear.

    Chappers – Competitors

    Their perspective and attitude are a lot different from other local brands. They do not believe in the fact that they can sell whatever they make. They think that the customer is always aware of the latest trends and just needs some help in imagining stuff. Its job as a brand is to help its customers imagine newer things and they do so by giving them a platform to play around on. They can play around and find out what colours they like the most, and which designs suit them the most. Usually, retailers dictate what you should wear. They tell customers why they can’t wear a yellow chappal or a red shoe. They do so because they don’t have a yellow chappal or a red shoe to sell. But they can make a yellow chappal, a red shoe, and a gold sandal!! So, for the initial few years, competitors never took Chappers seriously, only when they realized that people actually want to wear these colours, did they start thinking about developing such products. They want to make competition irrelevant with their new model. Can established footwear brands give each customer a custom pair? The answer is they cannot. Because they have huge factories to feed. They love making 1 lakh black shoes. Chappers don’t.


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    Chappers – Future Plans

    They are currently trying out a kiosk franchise model. They have Kiosks at Pune’s Pavilion mall and at Seasons mall Magarpatta. A kiosk franchise would give a better return on investment to the franchise owner as the expenses are much lower. Plus, since the majority of the orders are custom-made, its inventory requirement automatically comes down. If there’s a Chappers Kiosk in all malls of India, they will get thousands of custom orders every day. Imagine what that will do to brands that say no to customization. They think they are in a world where people buy ready products just because there’s no choice. If they have a choice at the right price, very few people will buy ready products. They want to create an environment in which other brands want to join. This will be true change.

    Chappers – Tools Used in the Company

    Technology is their backbone. They prefer to use easily readily available software around difficult business systems. That somehow makes the job easy. Of course, they have developed their proprietary Virtual Customization software ourselves. That they would always keep with them as it’s one of the key features of their new business model. They are continuously working on it and want to ensure they constantly keep adding new colors, materials, and products for their customers.

    Chappers – Advice from Founder

    Harshwardhan Patwardhan, Founder of Chappers:

    I think starting early is essential. The amount of learning I got from starting Chappers, no university or degree can give me. Instead, I would encourage the next generation to go explore the world, take a one-way ticket and go on a solo trip to advanced countries. Once we get that exposure, we always get a different perspective. We always try to improve our country that way and I think that’s the most important job any human can do. I would skip the college degrees and I would take up internships in global companies. I would be able to absorb their culture and their know-how. That would take me a million steps ahead of the game.

    I would also start reading earlier. I hated reading my entire childhood, partly because I was never good at studies, but partly also because I never tried enough. I think reading takes you in minds of the people you cannot physically reach. One of the first books I completed was “Screw it lets do it” by Sir Richard Branson. Sir Richard has been my idol since then and I have truly tried living his principles. I have failed at many of them, but while trying them out, I became a better person. Books are priceless.

    FAQs

    When was Chappers founded?

    Chappers was founded in 2014 in Pune.

    Who is the owner of Chappers?

    Harshwardhan Patwardhan is the founder of Chappers.

    What is Chappers famous for?

    Chappers is a Men-focussed Indian footwear brand popular for Kolhapuri Chappals.

  • Pune Startups | List of Top Startups in Pune [2022 Exhaustive List]

    The city of Pune is the cultural capital of Maharashtra and a hub for the automotive and IT sectors. Pune is a favorable destination for investments in India. It has paved way for several emerging startups. The city’s close proximity to Mumbai adds to its advantage in trade, business, and lifestyle. Thus, Pune is popular among investors seeking to launch their business. This post outlines some of the most popular startups in Pune.

    Also read – If you are looking for a list of startups in Pune, this exhaustive list of all recently funded startups in Pune and other cities should help you.

    We have also covered startups based in Delhi, Goa, and other major cities of India.

    1. FirstCry
    2. Letsintern
    3. InTouchApp
    4. PortraitFlip
    5. Helpshift
    6. EarlySalary
    7. MindTickle
    8. DataTorrent
    9. Happy Roots
    10. MarketsandMarkets
    11. Plobal Apps
    12. Docplexus
    13. Tork Motors
    14. Repos Energy
    15. ShoppinPal
    16. HotFut Sports
    17. 111 Startups
    18. Dark Reflections
    19. Brandup
    20. Icertis
    21. Xpressbees

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    List of top startups in Pune

    FirstCry

    Founder: Supam Maheshwari
    Year Founded: 2010
    Industry: Baby Products

    FirstCry Logo | Startups in Pune

    FirstCry is Asia’s largest online store for baby and kids products. It caters particularly to the needs of parents expecting children or those with toddlers. In general, FirstCry offers a massive catalogue for children till their early teens. The venture was started by Supam Maheshwari and offers the best deals in products meant for kids. The endeavor aims to ensure that the customer gets the widest choice of top-rated brands and products at the best price in India. FirstCry is known for its service and the timely delivery of products.

    Amitabh Bachchan is the brand ambassador of FirstCry. FirstCry’s major customer base is in Pune. It is rapidly expanding operations in other metro cities too.

    Letsintern

    Founders: Rishabh Gupta, Mayank Batheja, and Pranay Swarup
    Year Founded: 2010
    Industry: Recruitment

    Letsintern logo | Startups in Pune

    Very few people know that Letsintern is a Pune-based startup. Letsintern is a platform for students to grab their favorite internships. Over 12,000 organisations have tied up with the company to streamline the process of hiring interns and employees. The platform claims to get more than 280,000 visits on its website and mobile app every month.

    Letsintern was founded by Rishabh Gupta, Mayank Batheja, and Pranay Swarup in 2010. Aspiring minds, a job-finding platform, acquired Letsintern in 2015. After the acquisition, the company’s headquarters was shifted to Gurgaon.

    InTouchApp

    Founders: Sarang Lakare
    Year Founded: 2012
    Industry: Mobile App

    InTouchApp | Pune Startups

    InTouchApp is a simple yet useful app that helps you manage your contacts. It was developed keeping businessmen and entrepreneurs in mind. InTouchApp allows you to save contacts from business cards. It automatically updates the contacts and assists in managing both personal contacts and business contacts. The app is free of cost on all major platforms. As of now, it has over 1 million downloads and manages billions of contacts.

    The app was founded by Sarang Lakare. Sarang has 12 years experience in application development. He has a master’s degree and a PhD in Computer Science from Stony Brook University.

    PortraitFlip

    Founders: Sunny Choudhary
    Year Founded: 2018
    Industry: Art and Handicrafts

    PortraitFlip | Handmade Painting From Photos in Pune
    PortraitFlip | Startups in Pune

    PortraitFlip makes handmade paintings from photos and delivers them to the customer’s doorstep. You can order custom handmade paintings from its website. PortraitFlip ships worldwide and experiences many orders from the US, UK, Canada, Australia, and Singapore. The company flaunts a 100% satisfaction guarantee because it trusts the artists who makes these custom paintings with utmost precision. The paintings are hand-painted by artists in mediums like oil, charcoal, pencil, acrylic, coloured pencil, and watercolor.

    PortraitFlip is famous for its ‘compilation portraits’ wherein the customers can convert characters from multiple photos into one painting. The company is also known to make pet portraits, couple portraits, and landscape portraits. It offers you customization options like size, medium, framing options, unlimited characters, custom messages, etc.

    Mr. Sunny Choudhary, the founder, currently directs PortraitFlip. This Pune-based startup has made a revenue of $600,000 since its inception in 2018. PortraitFlip is targeting a revenue of $14,00,000 by the year 2021.

    Helpshift

    Founders: Abinash Tripathy and Bishampayan Ghose
    Year Founded: 2011
    Industry: Business Solutions

    Helpshift Logo | Startups in Pune

    Helpshift is a business service provider. It offers smart solutions to businesses for maintaining and improving customer interaction. With the aid of Helpshift’s AI chatbots and other personalized products, businesses can automate their customer service tasks and focus on what matters the most. The startup also provides other related services.

    Helpshift was founded by Abinash Tripathy and Bishampayan Ghose. It has received a total of $38.5 million in funding from different ventures in the Silicon Valley.

    EarlySalary

    Founders: Akshay Mehrotra and Ashish Goyal
    Year Founded: 2015
    Industry: Fintech

    EarlySalary logo | Fintech Startups in Pune

    EarlySalary is a fintech startup that provides short term loans to salaried people. With the help of EarlySalary’s app or website, people can apply for hassle-free and instant loans up to INR 1,00,000. No pre-payment fees are applied on the loan.

    EarlySalary was founded by Akshay Mehrotra and Ashish Goyal. Akshay is the CEO of the company while Ashish is the CFO. The startup has raised $23.2 million from different ventures.

    MindTickle

    Founders: Mohit Garg, Krishna Depura, Nishant Mungali, and Deepak Diwakar
    Year Founded: 2011
    Industry: Business Solutions

    MindTickle | Startups in Pune

    MindTickle provides a sales enablement solution that uses data-driven analytics to show the impact of sales readiness programs on revenue growth. It is a readiness platform that creates an excellent sales culture, thereby permitting products to be sold quickly and with efficacy. It combines an award-winning platform and the best practice methodologies to improve sales performance and knowledge. The results of this combination include improved customer engagement, higher win rates, and bigger deal sizes.

    MindTickle was launched in 2011 by Mohit Garg, Krishna Depura, Nishant Mungali, and Deepak Diwakar. It has raised INR 174 crores in Series B funding. Some prominent investors include Accel Partners, New Enterprise Associates, Canaan Partners, and Qualcomm Ventures.

    DataTorrent

    Founders: Milind Mukund Barve and George Michael Kelakos
    Year Founded: 2012
    Industry: Computer Software

    Data Torrent | Startups in Pune

    DataTorrent captures real-time data and combines it with the existing data to generate insights. DataTorrent is useful for companies where millions of events need to be monitored on a per-second basis. It is a YARN-based application and is open-sourced as Apache Project Apex. This Pune-based software startup received $24 million in funds from Morado Ventures, August Capital, and AME Cloud Ventures.


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    Happy Roots

    Founder: Reema Sathe
    Year Founded: 2016
    Industry: Food

    Happy Roots | Startups in Pune

    Happy Roots started as Reema Sathe’s vision to create a business model around healthy products. Happy Roots connects with local farmers for the manufacturing of delicious products like cookies, crackers, and other kinds of snacks.  

    Reema Sathe, the founder of Happy Roots, has received several awards such as Business Today’s Most Powerful Woman (2017), Nari Shakti Puraskar 2017, etc.

    MarketsandMarkets

    Founder: Sandeep Sugla and Aman Gupta
    Year Founded: 2001
    Industry: B2B Research

    Markets and Markets | Startups in Pune

    MarketsandMarkets provides quantified B2B research and consulting. It provides data related to technology, new product offerings, and market performance. MarketsandMarkets currently serves 7500 customers worldwide. It includes 80% of global Fortune 1000 companies as its clientele. MarketsandMarkets provides high level analysis of major market segments and helps with the identification of opportunities.

    It offers service to multiple industries such as aerospace, defense, biotechnology, pharmaceutical, mining, construction, healthcare, agricultural, automotive, and other industries. MarketsandMarkets provides reports on information related to market segmentation, patent analysis, forecasting solutions, market dynamics, and technology information. MarketsandMarkets has received a total of $56 million in funding from FTV Capital, Zodius Capital, and Mantra Ventures.

    Plobal Apps

    Founder: Atul Poharkar
    Year Founded: 2015
    Industry: Software Development

    Plobal Apps | Startups in Pune

    Plobal Apps is an online commercial venture available for both Android and iOS users. It promotes Shopify and has a number of features like apply pay, promotional coupons, push notifications, etc. The app aims to increase sales.

    Plobal Apps was launched in 2015 by Atul Poharkar. Atul is a graduate from Fergusson College who later went on to do his engineering from Maharashtra Institute of Technology. The company has around 50 team members.

    Docplexus

    Founder: Phanish Chandra
    Year Founded: 2013
    Industry: Healthtech

    Docplexus | Startups in Pune

    Docplexus is an online community for doctors across India. It has more than 1 lakh doctors from more than 1500 cities with 89 specialties registered on its platform. Docplexus is the largest community of doctors online and continues to grow.

    Phanish Chandra, the CEO of Docplexus, is a social entrepreneur who aims to connect patients and the Indian healthcare system through this app. He has skills in software development and this skillset was of great help to him during the Docplexus app’s development.


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    Tork Motors

    Founder: Kapil Shelke
    Year Founded: 2009
    Industry: Automobiles

    Tork Motors | Startups in Pune

    Tork Motors is India’s first electric motorcycle company. Kapil Shelke is the founder and CEO of Tork Motors. Tork Motors was founded in 2009 with a vision to create a zero-emissions vehicle that could perform on par with petrol machines.

    The key to Tork Motors’ success is the engineering of the motorcycle which reduces the cost of the vehicle and makes it affordable for middle-class Indians.

    Repos Energy

    Founder: Aditi Bhosale Walunj and Chetan Walunj
    Year Founded: 2017
    Industry: Fuel Delivery

    Repos Energy | Startups in Pune

    Repos Energy offers doorstep delivery of fuel for industries to minimize diesel loss. Repos works on cloud-based technology and IoT devices. The customer orders diesel via the Repos App and a Repos petrol pump operator reaches the customer location to complete the diesel delivery. Repos Energy uses smart fuel dispensers to make transactions quick and easy. Repos Energy currently offers door-to-door delivery of diesel in around 65 Indian cities. Ratan Tata has invested an undisclosed amount in this startup.

    ShoppinPal

    Founders: Pulkit Singhal and Sriram Subramanian
    Year Founded: 2012
    Industry: Business Solutions

    ShoppinPal | Product based Startup in Pune 

    ShoppinPal provides software products for businesses to better understand their sales and management verticals. Some of its products are Stockup, Prosxdata, POS-ERP Sync, and eCommerce Sync. It also provides a suite of these offerings.

    Pulkit Singhal and Sriram Subramanian founded ShoppinPal in 2012.

    HotFut Sports

    Founders: Pavit Singh and Nikhil
    Year Founded: 2012
    Industry: Sports

    HotFut Sports | Startups in Pune

    HotFut is a sports development company which aims at providing world-class sports facilities to the people in India. It gives youngsters an integrated sporting experience that will help build sports in India at the grassroots level. The company also organizes tournaments for sports lovers and corporate events. Hotfut has an academy of its own where people come to play outdoor games.

    Hotfut sports was launched in 2012 by Pavit Singh and Nikhil. Hotfut is currently operational in Pune, Hyderabad, and Mumbai.


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    India has 100 unicorn startups including Paytm, Byju’s, Zerodha and more. Here’s an exhaustive list of the Indian Unicorn Startup Companies that joined the unicorn club, updated to 2022.


    111 Startups

    Founders: Nitin Lahoti and Vikrant Bhujbalrao
    Year Founded: 2015
    Industry: Funding

    111 Startups | Startups in Pune

    111 Startups is a not-for-profit organization. It is connected with more than 300 startups across India and helps them secure funding. The startup wants to encourage entrepreneurship and promote well-calculated, risk-taking abilities. 111 Startups focuses on IT professionals, engineers, students, and startups that are in the early stages of entrepreneurship.

    111 Startups is the joint effort of Mobisoft Infotech and Pesh Group. The company was founded in 2015 and is headquartered in Pune.

    Dark Reflections

    Founder: Siddhi Shah
    Industry: Designer

    Dark Reflections | Startups in Pune

    Pune-based Dark Reflections Studio is a venture by Siddhi Shah, a designer. Originally from Chennai, Siddhi settled in Pune. The Studio sells dream catchers with the lowest price of a dream catcher being INR 300. It sells dream catchers for different occasions and in different sizes and colors. Dream catchers are generally used for décor and come in different sizes; hence, the price is determined accordingly.

    Brandup

    Founder: Shiv Singh
    Year Founded: 2006
    Industry: Digital Marketing

    Brandup Logo | Digital Startup in Pune

    Brandup is a SEO and digital marketing firm in Pune. Brandup ensures that you get unique and recurring visitors by applying the right digital marketing tactics. Brandup provides services such as digital marketing, social media marketing, search engine optimization, organic marketing, support services, and online advertising.

    Icertis

    Founder: Samir Bodas and Monish Darda
    Year Founded: 2009
    Industry: Contract Management Software

    Icertis Logo | Startups in Pune

    The company is headquartered in Bellevue, Washington with 12 offices globally, including an engineering office in Pune, India. Key investors of Icertis include B Capital Group, Ignition Partners, Premji Invest, Greycroft Partners, Meritech Capital Partners, Eight Roads Ventures, PSP Growth, and Cross Creek Advisors.

    The company provides contract management software. It aims at improving contract management efficiency and compliance by providing access to contract lifecycle information across many devices, including smartphones and tablets.

    Xpressbees

    Founder: Amitava Saha And Supam Maheshwari
    Year Founded: 2015
    Industry: Logistics

    Xpressbees is the fastest-growing express logistics service providing end-to-end supply chain solutions. The Pune-based startup works with several e-commerce firms. Xpressbees has seen huge growth as online shopping has become world’s second-largest internet market.

    Xpressbees raised $110 million in November 2020. It is spread over 2000 cities and processes more than 2.5 million orders per day.

    We hope this post encourages you to move ahead with your business idea and achieve something great. If you know about other startups based out of Pune, let us know in the comments. We will connect with them and feature them in this list.

    FAQs

    Which are the top startups in Pune?

    Some of the top startups in Pune are:

    • Xpressbees
    • Firstcry
    • Faasos
    • EarlySalary
    • HappyRoots
    • MarketsandMarkets
    • DataTorrent
    • Letsintern
    • Brandup
    • InTouchApp

    How many startups are there in Pune?

    There are around 3100 startups in Pune.

    Is Pune good for startups?

    The great weather, proximity to Mumbai, and network of many big companies makes Pune an emerging startup hub in India.

    Which are the high paying startups in Pune?

    Some of the high paying startups in Pune are:

    • FirstCry
    • Icustommadeit
    • EduBridge
    • Letsintern
    • Brandup
    • Xpressbees

    Which are the Unicorn Startups in Pune?

    Unicorn startups in Pune are

    • FirstCry
    • ElasticRun
    • Xpressbees
  • Faasos – The Success Story of the Indian Online Food Delivery Company

    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 Faasos.

    Have you ever fancied yourself as a restaurant owner at some time in your life? Don’t you think how complicated would it be to start and run a restaurant chain? Right from the choice of cuisine to the business model, and the ultimate presentation, how difficult it can be to run your chain when already hundreds of well-established brands are there in the market. When the whole world out there is having a good time, have you ever thought about how struggling it can be to establish you and your brand? Well, the answer to all these and many other questions, Faasos emerged. Founded back in 2004, Faasos was incorporated in 2011, as an Indian “food on demand” service company by Jaydeep Barman and Kallol Banerjee.

    Faasos is a brand owned by the online restaurant unicorn Rebel Foods. The company currently operates ghost kitchens distributed across 35+ Indian cities. If you are looking to discover more about Faasos Startup Story, Founders and Team, Funding and investors, Business and Revenue Model, Competitors, Revenue, and more, then check them all out here in this article:  

    Faasos – Company Highlights

    Startup Name Faasos
    Headquarters Mumbai
    Sector Online Food Ordering, Foodtech
    Co-founders Jaydeep Burman, Kallol Banerjee
    Founded 2011
    Operational Revenue $75.24 million (₹572 crore in FY20)
    Total Funding ~ $111 million
    Parent Organization Rebel Foods Pvt. Ltd
    Website faasos.com

    Faasos – About and How it works
    Faasos – Founders and Team
    Faasos – Owner | Rebel Foods Pvt Ltd.
    Faasos – Startup Story | How was Faasos Started?
    Faasos – Mission and Vision
    Faasos – Name, Tagline, and Logo
    Faasos – What is Faasos?
    Faasos – Business Model and Revenue Model
    Faasos – Funding and Investors
    Faasos – Revenue
    Faasos – Startup Challenges
    Faasos – Competitors
    Faasos – Growth
    Faasos – Future Plans
    Faasos – FAQs


    Zomato Success Story – Latest News | History | Founders | Funding
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    Faasos – About and How it works

    So what is Faasos? The Faasos company is an Indian online food delivery company that was incorporated in the year 2011. Faasos launched its mobile app in 2014 and since then the company has been catering to the customers of India as food on-demand service.

    Headquartered in Mumbai, Maharashtra Faasos currently operates 160+ kitchens that provide meals from 4 different brands. Faasos India is the only company that works on all the three stages of food on-demand business which are ordering, distribution, and order fulfillment in the sector of online food ordering business in India.

    Faasos is an Indian Online Food Delivery Company and a nationwide chain of food outlets. Faasos origin started out by selling only Calcutta rolls in Pune, but now Faasos menu includes wraps, rolls, Frankies, and Indian food items, which are delightful alternatives to the McDonalds, Subways, and Dominos. Faasos website takes online orders, prepares food for its customers, and delivers the same at their doorstep. Besides, you can also search for the website or Faasos outlets in India by simply searching “Faasos near me”.

    The Faasos apps’ wide range of food items includes classic wraps, party wraps, rice bowls, desserts, meals, snacks, etc. According to the Faasos reviews, it also accepts online party orders. Since its inception, Faasos aimed to create a kitchen from where the customers can order all their favorite dishes and get them delivered in no time. Besides, Faasos branches across the country are based on the Faasos cloud kitchen model, through which people can order food.

    Faasos – Founders and Team

    Jaydeep Barman (CEO) and Kallol Banerjee are the Faasos founders.

    Faasos Founders, Ceo.
    Jaydeep Barman and Kallol Banerjee – Faasos, Founders

    Jaydeep Barman

    Jaydeep Barman completed his MBA from INSEAD and is the current Faasos CEO. This Faasos founder worked for McKinsey & Company, London, where Jaydeep was an associate principal.

    Kallol Banerjee

    Kallol Banerjee has completed his MBA from the Indian Institute of Management, Lucknow, and has further studied at INSEAD after completing his graduation in Mechanical Engineering from Jadavpur University. Kallol has previously worked in Singapore at Bosche before they started their venture.

    Soumyadeep Barman

    Soumyadeep Barman is known as the Chief Product Officer and Co-founder of Faasos. Barman was earlier the Chief Technology Officer of the company since he joined and stepped down from the same in April 2020 when he started as a Chief Product Officer.  

    Faasos currently has somewhere between 500-1000 employees.


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    Faasos – Owner | Rebel Foods Pvt Ltd.

    Rebel Foods is the Faasos owner and the Faasos parent company. Rebel Foods is an Indian online restaurant company that operates several cloud kitchen brands. It was founded by Faasos founders Jaydeep Barman and Kallol Banerjee in 2011.

    Faasos Owner - Rebel Foods
    Rebel Foods Brands

    Faasos – Startup Story | How was Faasos Started?

    In 2004, Faasos’s startup story began as a Calcutta Roll store chain in the city of Pune. To provide end-to-end delivery, fresh food, and doorstep delivery, it took around 7 years for Jaydeep and Kallol, which helped them establish Faasos India with full commitment. The Faasos history was started with an idea over rum and cola at an apartment that was shared by the two in Pune.

    Jaydeep had no background experience in the food business sector and all his decisions were intuitive, which has served him well so far. He was just tired of the burger and pizza chains and wanted something Indian to pop up in the online sector and that’s how the Faasos story began. From 2011 to 2013, Faasos revenue grew and the founders opened over 70 Faasos franchises in the major cities of India.


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    Faasos – Mission and Vision

    The main aim/vision of Faasos is to become the best-in-class ‘Food on Demand’ business in the country. Faasos believes to stand as the best company to answer the customers’ queries of “what’s for dinner today?” and deliver them right at their doorsteps.

    The Faasos name was taken from Burkina Faso, which is a French colony and it means ‘Land of Incorruptible People’. Although it does not symbolize anything nor is related to the food industry but the founders thought that it might be interesting to keep this name.

    The Faasos tagline – We Got Your Food! Faasos logo is written in cursive font in blue. The Faasos company aims to become the leading ‘Food on Demand’ business in our country.

    Faasos logo
    Faasos logo

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    Faasos – Business Model and Revenue Model

    Faasos business model is developed around the idea of running a hyperlocal, cloud kitchen-based model, wherein the parent company Rebel Foods offers numerous in-house brands on its platforms like Oven Story, Kettle&Eggs, Behrouz, Firangi Bake. The Faasos cloud kitchen model was introduced after the other Faasos brands were added in the year 2015.

    The Faasos food delivery process is designed in a way that turns out to be an easy and effective process for the customers to order Faasos food. In this way, the Rebel foods business model helps the company multi-task using the same kitchen, with common ingredients and the same staff to fulfill all their orders from varied brands. Today, Faasos operates more than 160 Faasos franchises that offer meals from four different brands.

    Faasos has deeply followed the business model of Domino’s, which requires them to keep close to the neighborhoods of the customers, stay abreast of the customers’ orders and guarantee food delivery within 30 minutes.

    Faasos earns from the commissions from the food order deliveries. Furthermore, it also earns from the delivery charges it levies on the food orders. The company further earns from the advertisements and features of food brands that it introduces on its app.  

    Faasos – Revenue

    Faasos recorded a revenue of $75.24 million (Rs 572 crore) in FY20, thereby growing around 84% year-on-year (YoY) from ₹305.1 crores, which Faasos managed to pick up in FY19. The company’s revenues were recorded at only ₹147 crores in FY18, which has significantly grown.

    The company’s net loss has also ballooned at INR 431 Cr from the past fiscal when it was only INR 131 Cr. Thus, Faasos’ losses increased by around 229%.


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    Faasos – Funding and Investors

    Faasos funding has raised over $111 million to date. Faasos’ first round of funding was held in January 2011 wherein the famous investor Sequoia Capital funded Faasos with $8 million.  

    The details of Faasos funding are as follows:

    Date Amount Stage Investors
    January 2011 $8 Million Series A Sequoia Capital
    2015 $16 Million Series B Sequoia Capital and Others
    $30 Million Series C Sequoia Capital, RB Investments, Lightbox
    INR 414 Million Series C Sequoia Capital, RB Investments, Lightbox
    January 2019 $4.2 Million Venture Debt Alteria Capital
    March 2019 $15.8 Million Series D Sequoia Capital India, Lightbox Ventures, Evolvence India Fund
    February 2020 $4.9 Million Series E1 Alteria Capital
    July 2020 $26.5Million Series E2 Coatue Management

    Faasos – Startup Challenges

    One of the most important aspects of any business is accounting and finance and that was an early challenge for Faasos to manage as it was using the legacy Point of Sales system for store sales and inventory management whereas, for the accounting and financing, Faasos was dependent on the ubiquitous Tally software.

    Afterward, the company switched to Sage, which helped it overcome the problems of finance and accounting. According to the Faasos founders, one of the big earliest loopholes of the Faasos India business was tied to the location that they decided upon and the cost needed to repair the mistake. However, these challenges made them realize that they need to have multiple food brands rather than a brand extension.


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    Faasos – Competitors

    Faasos is a chain that has direct competition with giant food aggregators like Zomato and Swiggy and the other Faasos competitors like FoodPanda and so on. In India, the food delivery market is valued at 15 billion dollars and is exponentially growing day by day. The online food delivery market has also become extensively competitive. Although Faasos app has a niche business model and works differently than the others, the company still faces stiff market competition. To compete in this competitive market and to be better than its competitors, Faasos focuses on the pricing and the range of food items that it offers to its customers.

    Faasos – Growth

    The Co-founder and CEO of Faasos, Jaydeep firmly believes that Faasos has no limit. It has expanded much in terms of the restaurant partners it collaborates with and also diversified its range of food items. Faasos outlets in India will keep increasing as the company has the power and ability to make strong brands in the food industry and the cost structure of lean manufacturing and distribution. In the long run, Faasos has the potential to offer products at low costs in the future as well and also expand to run it at a global level. Over the years Faasos has become one of the top food delivering companies in India. Besides, the company has also:

    • Built 1000 restaurants in just 24 months.
    • Increased its revenues by 5x in a really short time.
    • Raised itself to serve more 30,000 meals in a single day.

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    Faasos – Future Plans

    Faasos is expanding at an impressive pace. The company is further looking to capture more of the market shares in the times upcoming. Faasos is aiming to expand beyond the borders of India and partner with more restaurants to provide delicious foods to its world of customers. In terms of revenues, Faasos is currently targeting the $100 million mark. The Rebel Foods-owned brand is looking forward to building 10,000 restaurants across Indian in the next 5 years.

    Faasos – FAQs

    Who is the CEO of Faasos?

    Jaydeep Barman is the Co-Founder and CEO of Faasos.

    How much is the revenue of Faasos?

    In FY20, Faasos has generated operating revenue of ₹572 crores, from ₹305.1 crores in FY19.

    Who are the Top Competitors of Faasos?

    Faasos is a chain that has direct competition with giant food aggregators like Zomato and Swiggy whereas there are other competitors like FoodPanda and so on

    Who is the Owner of Faasos?

    Rebel Foods Pvt Ltd., is the Owner/Parent Organisation of Faasos. It was founded by Jaydeep Barman (CEO) and Kallol Banerjee in 2011.

  • Fittr: World’s Largest Community-based Fitness Brand

    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 Fittr.

    Fittr is a tech-enabled community-first health and fitness platform started with an aim to provide science-backed health and fitness knowledge to its users.  With a three million strong and inclusive community, Fittr has trained and transformed over 220,000 people, centered on the fact that “fitness is a journey and not the destination”.

    The philosophy underpinning Fittr revolves around fostering awareness and education around fitness and nutrition, alongside empowering its community members with the right knowledge, skills, and support to achieve their fitness goals.

    StartupTalky interviewed Sonal Singh (Co-founder, Fittr) to get insights into the startup story and roadmap of the organization. In this article, you’ll discover how Fittr was launched, its business model, funding details, future plans, and more.

    Fittr – Company Highlights

    Startup Name Fittr
    Founders Jitendra Chouksey (CEO), Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, Sonal Singh
    Headquarters Pune
    Founded 2016
    Industry Health and Fitness
    Website fittr.com

    Fittr – About and Vision
    Fittr – Industry Details
    Fittr – Idea and Inspiration
    Fittr – Products/Service
    Fittr – Founders and Team
    Fittr – Business Model and Revenue Model
    Fittr – Launch & Marketing Strategies
    Fittr – Challenges Faced
    Fittr – Growth and Stats
    Fittr – Funding and Investors
    Fittr – Advisors/Mentors
    Fittr – Acquisitions/Mergers
    Fittr – Recognition and Achievements
    Fittr – Future Plans
    Fittr – FAQs

    Fittr – About and Vision

    Fittr is a tech-enabled community-first health and fitness platform started with an aim to provide science-backed health and fitness knowledge to its users. The platform encourages people to begin their fitness journey with science-backed knowledge.

    In the long term, Fittr aims at making 50 million people fit and creating 100,000 meaningful career opportunities in the fitness industry. Its mission is to become the leading global social platform and marketplace for fitness coaching by educating and inspiring people to get fit & transform their lives. For the next year or two, the primary focus is to generate effective employment for more than a thousand fitness and nutrition coaches.

    There is a strong philosophy that underpins Fittr revolving around fostering awareness around fitness and nutrition, alongside empowering its community members with the right knowledge, skills, and support to achieve their fitness goals. Being a community-driven platform, it aims at bringing the fraternity of fitness enthusiasts together to usher in the much-needed innovation in the industry. The team here strongly believes in democratizing fitness and busting myths around fitness education, thereby building a healthier society together.

    Fittr – Industry Details

    As per industry estimates, there is a report recently released by Redseer Consulting that positioned India’s fitness industry which includes equipment, sportswear, fitness services, and recreational sports, at USD 12 billion in 2018, and despite the ongoing pandemic, the overall fitness industry is expected to touch the USD 32 billion mark by 2022 and grow at an annual rate of 27%.

    The fitness market has seen a massive boom with the industry pivoting its business model to online. Convenience and personalization are the key elements driving the online fitness industry. One of the major trends that are being witnessed these days and will become more prominent in the future is the hybrid fitness model which will be an amalgamation of online fitness classes and going to gyms. Sonal Singh (Co-founder, Fittr) anticipates that we will continue to witness the surge in the adoption of online fitness in the coming years along with more personalized fitness programs developed on Artificial Intelligence (AI).


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    Fittr – Idea and Inspiration

    Over the years, Fittr has evolved to become the platform it is today, and it will continue to do so to deliver holistic fitness – for the body, mind, and beyond.

    It all began as small a WhatsApp group in 2014 by Jitendra Chouksey (JC), who is also the founder and CEO, to help his friends get in shape. The other co-founders Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, and Sonal Singh, joined JC soon after. In the same year, given the overwhelming response and positive feedback, they quickly transformed into a Facebook group, called S.Q.U.A.T.S. The group was based on the “Systematic Quantitative Unified Aesthetic Transformation System”, which helped more people be a part of the fitness revolution with a safe space that is free of judgment. The Facebook community helped them, and others to understand the specific requirements all of which could be addressed with quantified nutrition.

    In 2016 with an initial investment of INR 90K, the platform was launched. As like-minded people, each of them wanted to provide a safe and judgment-free platform where anyone could learn, transform, inspire, and explore their career opportunities in fitness. Later, they created the fundamental training methodology to prove that anyone can get fit with the knowledge of Quantified Nutrition.

    Then in 2018, the team launched the Fittr application with an aim to democratize fitness. Today, Fittr is successfully functioning as a tech-enabled community-first health and fitness platform headquartered in Pune.

    “I am happy to state that we have been profitable since inception and are one of the largest fitness & nutrition communities on Facebook with over 600k members” – says Sonal Singh, Co-founder, Fittr.


    Also Read: Fitness Business Ideas that you can start with!

    Fittr – Products/Service

    Fittr serves as a one-stop solution for all health and fitness guidance and related needs of the users. It sees itself as a technology company with a passion for fitness and nutrition. Fittr uses AI to create intuitive tools that map the entire fitness journey of a person. The app offers a full suite of easy-to-use tools such as a free diet tool, free training tool, body fat calculators, macros calculator, and many others. The platform also provides personalized guidance, customized plans, and weekly check-ups through Fittr’s certified coaches by paying a small premium.

    Fittr
    Fittr Logo

    The company’s strength is its strong three million-plus inclusive community which not only supports each other’s fitness goals but also encourages them to become a better version of themselves. Additionally, Fittr’s B2C freemium model, along with its principle of ‘Quantified Nutrition’, a scientific and proven method for achieving life-long health and fitness is what makes Fittr stand out from the clutter.

    Initially, the name of the organization was S.Q.U.A.T.S, “Systematic Quantitative Unified Aesthetic Transformation System”. In March 2019, the team rebranded the company’s name to FITTR as it is more reflective of the market that they aspire to serve. They believe that this name has more impact on peoples’ minds and gives fitness aficionados a psychological push towards staying fit whenever they see the app icon on their smartphones.

    Fittr has a subsidiary called the Institute of Nutrition and Fitness Sciences (INFS) which was established with the intent of imparting comprehensive and practical knowledge in health and fitness by one of the Co-founders, Jyoti Dabas.

    INFS provides a range of online courses with the aim of promoting scientific learning, research initiatives, and revolutionizing the health and wellness industry. INFS is on a mission to provide its students with a best-in-class education in nutrition and fitness. To date, more than 12,000 students have enrolled in INFS certificate courses and over 3300 are enrolled in their other offerings like workshops in Ayurveda and mindfulness.

    Fittr – Founders and Team

    Jitendra Chouksey (CEO), Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, and Sonal Singh are the founding members of Fittr.

    Fittr Co-founder
    Sonal Singh – Co-founder, Fittr

    Fittr’s co-founders include Jitendra Chouksey, an IT engineer, Jyoti Dabas, a former Citigroup analyst, Rohit Chattopadhyay, who comes in with a diverse sales and marketing experience across banking & various other sectors, and Bala Krishna Reddy, a former developer at Ford Motors. They came together to form Fittr with a common goal to provide a safe and judgment-free platform for people to learn, transform, inspire, and explore career opportunities in fitness.

    A little brief about Fittr’s co-founders is as below:

    Jitendra Chouksey

    A first-generation entrepreneur, Jitendra Chouksey (JC) is a graduate as an IT Engineer and worked for more than eight years in the tech sector at companies like IBM, L&T, and Mphasis. The sedentary lifestyle started taking a toll and as a lifelong fitness enthusiast, he wasn’t content with his personal fitness level. He delved deeper into educating himself & experimented on his own body. He came to realize that the secret to fitness wasn’t as complicated as it seemed: it was based on the science of quantified nutrition. Having transformed himself, he went on to win the title of Muscle Mania Muscle Model 2015. He gained the attention of his friends and colleagues who all wanted to learn how to transform.

    Rather than keep his fitness discovery a secret or charge people, he started training them for free first on WhatsApp and then Facebook. When the demand became overwhelming, he trained coaches with the hope that they could train others and spread the knowledge. Before JC knew it, his simple ambition to help others was the genesis of an entrepreneurial adventure called Fittr.

    Jyoti Dabas

    Jyoti Dabas is a Co-founder at Fittr. After securing an MBA from IIM-Calcutta, Jyoti went on to complete an Electronics and Communications Engineering degree from the University of Warwick. She is also a Doctor of Naturopathy, Certified Personal Trainer, and a Certified Life Coach.

    She is also Founder and CEO at INFS – India’s largest Online Fitness Certification Institute. As a founding member, her role is to uphold the quality of the courses offered by INFS and to ensure the company lives up to the expectations of the stakeholders. She aims to increase the number of quality Fitness Professionals in the country and create opportunities where these professionals can earn at par with other service industries

    Apart from her many academic achievements, Jyoti is an entrepreneur at heart. Having served more than seven years in the field of Banking and Consulting in London and India, she stepped out of her comfort zone to explore her interests in the Fitness Industry.

    Rohit Chattopadhyay

    Rohit Chattopadhyay is the Co-Founder and Director of Fittr. The foundation of Rohit’s entrepreneurial journey with Fittr was laid when he joined Fittr’s Facebook community. He began implementing everything that was recommended in the group.  With time, Rohit witnessed his health and fitness improve by leaps and bounds. This became a turning point for him, as he realized fitness was his true calling.  After a year, Rohit moved to Pune and became a Fittr coach, and eventually a part of the founding team of Fittr.

    Rohit is closely involved in the branding and marketing efforts of Fittr. Prior to joining Fittr, Rohit was working in the marketing department of IBA Systems and Automations. He has an Electrical Engineering degree, and a Master’s degree in Marketing.

    Bala Krishna Reddy

    Bala Krishna Reddy Dabbedi is the Co-Founder and Director of Fittr. He comes with a decade-long experience in technology and fitness.  Bala began his career in technology at large corporations in India and the United States. This helped him gain insight into international markets.

    With a Master’s degree in Science from the University of North Carolina at Charlotte, he was part of the original team that helped create the Fittr website. During that period, Bala was working with Ford Motors in the US. However, he understood that Fittr was something special and recognized his interest in fitness to move to India.


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    Fittr – Business Model and Revenue Model

    Fittr acts as a one-stop-shop for all health and fitness needs and offers a freemium model to all its users.

    1. It provides free access to diet and training tools, over 5000 healthy recipes, live fitness sessions with experts, Q&A with coaches, and connects users to a community of over three million members comprising fitness experts and enthusiasts.
    2. The users pay a small premium only when they require a personalized nutrition and exercise plan to reach their health and fitness goals. The customized plans are provided by one of Fittr’s 500 plus certified coaches, along with in-depth consultation calls as well as weekly check-ups on their progress via the app. Almost all of Fittr’s coaches come from the Fittr community and have their own stories of transformation.

    Fittr has packages starting from INR 6,500 for three months, and the fee depends on the trainer and the time period of the package. And this is where Fittr earns its revenues from.

    Fittr – Launch & Marketing Strategies

    In 2014 itself, understanding the different needs of a body, the founding team launched S.Q.U.A.T.S, a Facebook group based on the “Systematic Quantitative Unified Aesthetic Transformation System”. The group was started to help more people be a part of the fitness revolution with a safe space that is free of judgment.

    The Facebook community helped them, and others understand the specific requirements all of which can be addressed with Quantified Nutrition. They ran the community for free for 1-2 years. By the end of December 2015, the group had 50,000 people. What the team observed was that people wanted personal training. That’s when they realized that it is the human touch, mentorship, and accountability that people needed.

    Thus in 2016, they launched a website called SQUATS later rebranded as Fittr. It was modeled like an e-commerce platform for fitness, except, instead of products, there were fitness coaches. This strategy worked well for Fittr and helped it capture and retain its initial users. Fittr has grown 100% organically through word-of-mouth.

    The team has been working using this key mantra which has worked well for them, since the start of the company. What attracts Fittr’s customers are –

    • Quantifiable Results: Fittr’s unique methods and personalized approach are the game-changers that helps users achieve their fitness goals faster
    • Human Touch: Fittr’s experts and qualified coaches go the extra mile to help the customers
    • Community: Fittr makes sure that whoever enrolls is not alone in his/her journey. They can connect with other fitness enthusiasts, share stories, and get inspired through Fittr’s three million strong and inclusive community

    Fittr is a coach-led, community-first platform that consistently keeps on coming up with exciting fitness challenges and campaigns to keep its users engaged. Fittr’s flagship Transformation Challenge’s (TC) 14th edition was recently launched in August and as part of the same, it launched a digital campaign – #NoMoreExcuses to create further excitement amongst its users. The campaign’s aim was to urge people to drop all excuses, stop procrastinating and embark on their fitness journey to become a fitter and better version of themselves. As part of #NoMoreExcuses, Fittr conceptualized ad films highlighting how conveniently excuses act as obstacles for people who are taking their first step towards a fitter life.

    Fittr’s Digital Campaign #NoMoreExcuses

    Transformation Challenge is Fittr’s flagship recurring event that aims to encourage fitness enthusiasts to transform their lives and be a better and healthier version by competing with themselves. It not only aims to encourage people to push boundaries and begin their fitness journeys but also intends to inculcate the fact that fitness is a journey in which one competes with his own self and not anyone else. It also stresses building a sense of discipline, consistency, and diligence in them to achieve their fitness goals. The challenge requires contestants to share a video every week in the specified format to showcase their week-on-week progress for 12 weeks. The participants are evaluated on multiple factors such as muscle gain, fat loss, and consistency from the past transformation challenges.

    Fittr – Challenges Faced

    Whenever you start a business, you experience your own share of ups and downs, face challenges and struggles but never stop hustling. Fittr went through the same phase. Initially, when the team was putting the foundation of Fittr, many people didn’t understand the business model nor did they think that fitness and health was a big enough market to address.

    The founders were advised to launch or endorse complementary products or even use advertisements to monetize their community. Promoting products would be a hypocritical stance which they didn’t want to take. However, their fundamental philosophy is to democratize fitness and show everyone how accessible fitness is. Also, the community they have built has been done so with the utmost commitment to quality and scientific-based knowledge. It took some time but following one’s own ethics has allowed them to build up a reputation as a trusted fitness brand and has led to the growth of Fittr’s community.

    Fittr – Growth and Stats

    Fittr is a community-first, coach-led brand headquartered in Pune. With a three million strong and inclusive community, the company has trained and transformed over 220,000 people and 30% of its user base is global, spread across the US, UK, Australia, UAE, Canada, and now North America and Singapore. In FY21, Fittr crossed 65,000 paid users and created employment opportunities for 500+ coaches.

    Fittr has grown 100% organically through word-of-mouth and based on the transformation results shared by members via the Facebook community and app. In the past three years, the company has seen massive YOY growth.

    • FY19 to FY20 (YoY Growth) = ~22%
    • FY20 to FY21 (YoY Growth) = ~80%

    The company focuses on democratizing fitness and has recently launched personal training/ coaching service on its platform and has recorded a ~20% MoM growth.

    The company recently crossed USD 10 million in annualized booking run-rate and in FY 21, achieved gross bookings of USD 9.3 million (approximately INR 68 crores) to become one of the world’s largest community-based fitness brands. The current ARR stands at USD 15 million.

    Fittr – Funding and Investors

    Fittr has raised a total funding of USD 13.5 Million to date. Its most recent series A round was led by Dream Capital and Elysian Park Ventures for USD 11.5 Mn.

    Fittr’s funding details are as follows:

    Date Stage Amount Investors
    April 2020 Pre-series A USD 2 Mn Sequoia Surge
    September 2021 Series A USD 11.5 Mn Dream Capital, Elysian Park Ventures

    Fittr – Advisors/Mentors

    • Mr. Rajan Anandan, MD, Sequoia Capital & Surge (Rapid Scale-up Program for Early-stage start-ups in India, SEA)
    • Aditya Khosla, Co-founder & CTO at Path AI

    Fittr – Acquisitions/Mergers

    As part of Fittr’s commitment towards building meaningful communities while enabling it to scale up its reach to a larger audience, the company recently acquired a minority stake in Wylo, an interest-based social networking platform, and had earlier also invested in Fitato, a gym aggregator platform.

    Fittr – Recognition and Achievements

    Fittr as a company has grown tremendously and has been recognized by investors, organizations and have also been accoladed with awards for its unique business model and company’s vision of democratizing fitness.

    • June 2017- Awarded “Best Fitness Company in Pune” by Merit Awards and Market Research
    • May 2019- Bollywood actor Suniel Shetty became the strategic investor of the startup
    • November 2019- A US-based seed accelerator program, Y Combinator (Winter 2020), selected Fittr
    • April 2020- Fittr raised funds in pre-Series A funding round from Sequoia Surge
    • September 2021- Fittr raised USD 11.5 million in a Series A funding round co-led by Dream Capital and Elysian Park Ventures

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    Fittr – Future Plans

    As part of Fittr’s next phase of growth, the company aims to enter the list of start-up unicorns and become the leading global social platform and marketplace for fitness coaching by educating and inspiring people to get fit. Along with strengthening and expanding the core services further, Fittr aims to create employment for 1,000+ coaches in the next 12-18 months. As a long-term goal, the team is working to make 50 million people fit and create 100,000 meaningful career opportunities in the fitness industry.

    Fittr – FAQs

    What is Fittr?

    Fittr is a tech-enabled community-first health and fitness platform started with an aim to provide science-backed health and fitness knowledge to its users. The platform encourages people to begin their fitness journey with science-backed knowledge.

    Who founded Fittr?

    Jitendra Chouksey (CEO), Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, and Sonal Singh are the founding members of Fittr.

    How does Fittr make money?

    Fittr offers a freemium model to all its users.

    1. Free access to diet and training tools, over 5000 healthy recipes, live fitness sessions with experts, Q&A with coaches, and connects users to a community of over 3Mn members comprising fitness experts & enthusiasts.
    2. The users pay a small premium only when they require a personalized nutrition and exercise plan to reach their health and fitness goals. It has packages starting from INR 6,500 for three months.

    How much funding has Fittr raised?  

    Fittr has raised a total funding of USD 13.5 Million to date. Its most recent series A round was led by Dream Capital and Elysian Park Ventures for USD 11.5 Mn.

  • Quickshift (QS): End-to-end fulfillment solutions for your eCommerce business

    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 Quickshift.

    Quickshift (QS) offers a complete suite of fulfillment services for any D2C brand that wants to scale up quickly while offering the best customer service. Through its tech-enabled, multi-city warehouses and integrated shipping, it offers- transparent order management, storage, shipping, COD, RTO, Non-Delivery Receipt (NDR), and ultimately customer delight. Its shipping coverage is 29,000 Pin Codes across India and is currently servicing over 150 D2C brands.

    StartupTalky interviewed Anshul Goenka & Prodipto Roy (Co-founders, Quickshift) to get insights into the startup story of Quickshift. In this article you’ll discover how Quickshift was conceptualized, its business model, funding, and more.

    Quickshift – Company Highlights

    Startup Name Quickshift
    Founders Anshul Goenka (CEO), Prodipto Roy
    Headquarters Pune, Maharashtra
    Founded 2018
    Industry eCommerce fulfillment
    Website quickshift.in

    Quickshift – About and Vision
    Quickshift – Industry Details
    Quickshift – Idea and Inspiration
    Quickshift – Product/Service and USP
    Quickshift – Founders and Team
    Quickshift – Business Model & Revenue Model
    Quickshift – Launch and Marketing Strategies
    Quickshift – Growth
    Quickshift – Funding and Investors
    Quickshift – Competitors
    Quickshift – FAQs

    Quickshift – About and Vision

    Quickshift (QS) offers a complete suite of fulfillment services for any D2C brand that wants to scale up quickly while offering the best customer service. A challenge for a D2C brand today is how to fulfill in a cost-effective manner within a time frame of same-day or 1-2 days if they get an order from another part of India typically 2000 km away. If the brand does not service, then they risk disappointing the customer, and cannot build scale, thus increasing their Cost of Customer Acquisition further. This is where QS steps in. Through its tech-enabled, multi-city warehouses and integrated shipping, it offers- transparent order management, storage, shipping, COD, RTO, Non-Delivery Receipt (NDR), and ultimately customer delight.

    QS wants to be the company of choice for any brand marketing its products digitally. It wants to be recognized for its tech-leadership, building inefficiency in the post ‘buy’ phase of the customer, a critical time when the Post Purchase Dissonance sets is and the same can be lost.

    QS’s team believes in the Indian consumption story. It seems tremendous opportunity in the consumer value chain that technology presents. These would start forming as the endeavor grows.

    Quickshift – Industry Details

    The total logistics market in India is about US$ 215 Bn in Yr. 2020, it is expected to rise to US$ 450 Bn.  Like-wise the 3PL logistics market is about US$8 Bn, likely to expand to US$18 Bn in the same time frame. Based on current data, QS’s market share of this serviceable 3 PL market is 0.2%.

    Source: Edelweiss Report (3PL)


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    Quickshift – Idea and Inspiration

    The business model has been functioning of research as well as evolution. QS in its very early days was offering fleet as well as fulfillment, it realized the need for technology and the substantial difference it would make in Order Management, right up to the customer and then the payment process. Hence QS started integrating the full value chain. Once brands onboarded, they got the advantage of integrated processes. They no longer had to talk separately to tech enabler for Order Management, a warehousing company (and multiple ones for different zones), a logistics/courier partner for the last mile, etc., steps that increased the no. of transactions and created complexities. Instead, QS was answering that. The brands themselves asked QS to open more centers to enable their fulfillment go pan India, and hence came the multi-city distribution plan.

    Quickshift – Product/Service and USP

    QS has built integrations with all leading marketplaces like Amazon, Flipkart, Nykaa, Ajio, etc as well integrates with any own developed e-com platforms like Shopify, Woocommerce, Magento, etc. On the shipping side, Quickshift can reach out to 30000 Pin Codes across India through its affiliations promising same day and next day TAT’s. It has its own fulfillment centers in Mumbai, NCR-Delhi, Pune, Bangalore, and Kolkata, all tech-enabled to manage the process efficiently and in a cost-effective manner. It provides a dashboard to its customers that offers them to have a birds-eye view of its stocks across warehouses, its orders getting processed, despatches, COD’s and also insights into its sales and inventory.  

    • QS reduces the costs of fulfillment by over 35%
    • For a brand, it provides a single point of contact for Warehousing, Order Processing, Shipping, and Technology
    • In addition, to International brands that would like to create a distribution network to tap the Consumption potential in India, QS provides a one-stop-shop to establish its reach within India

    Quickshift – Founders and Team

    Anshul Goenka (CEO) and Prodipto Roy are the co-founders of Quickshift.

    Co-founders of Quickshift
    Quickshift co-founders – Anshul Goenka and Prodipto Roy

    Prodipto recently joined as a co-founder, however, the founders knew each other since the inception of Quickshift and he was advising and mentoring the startup throughout. When Quickshift reached a decent scale and the workload starting increasing, it is then when Asnhul proposed to Prodipto to come in full time as a co-founder. Prodipto saw value in what Quickshift was building and for the team, he brings 2 decades of experience with him, therefore it was an easy match. Currently, Anshul looks over Operations, Tech & Product, Finance, While Prodipto looks over Sales, Marketing, CRM and we jointly discuss strategy, hiring, etc.

    The current company Size is about 30 Corporate employees including Tech, Ops, Sales and Marketing, MIS & Finance. They have additional 70+ folks working across fulfillment centers in various cities.

    The hiring process of Quickshift is very simple. The candidate should be driven by Quickshift’s mission and vision and should be able to see value in what the team is building. Experience and Skillset do matter but eventually, the candidate should be passionate about what the startup envisions.

    QS team
    Quickshift Team

    Quickshift – Business Model & Revenue Model

    All brands need storage, order fulfillment, and shipping. QS provides that. It has a pay-per-use model for charging its customers. It charges for its services rendered for example Platform fee, Inward processing, Storage, Order Processing, and Shipping. It has an EBIDTA of 60%.

    Quickshift – Launch and Marketing Strategies

    The first part is to go after a genuine problem statement that has a large market. If your product or service truly solves the pain point then getting your first set of users is not very difficult.

    The second part is to have great/committed folks join your team.

    Your first set of customers has to be handheld. The founders have to actively be involved in their day-to-day affairs. Regular interactions with your first set of customers help you learn and better the experience that you are building. A relationship has to be built and your clients have to be like your partners through thick and thin.

    Quickshift has recently started marketing across digital mediums, only when the team was sure that they have a product that is ready to take on the market, did they aggressively build campaigns. Initially, it was more about performance marketing but we have also focused on building a ‘go-to’ brand, which has top-of-the-mind recall be it with its potential customers, employees, investors, etc.


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    Quickshift – Growth

    QS is operational in Mumbai, NCR-Delhi, Bangalore, Kolkata, and Pune. Its shipping coverage is 29000 Pin Codes across India. It is currently servicing over 150+ D2C brands.

    As the trends move more towards online/eCommerce and social commerce consumption, Quickshift is in a space that is bound to grow. It has plans to scale up in terms of its capacity, more technological introductions that further enhance the customer service feature as well as make the entire fulfillment experience seamless, more efficient, and more competitive are planned.

    Quickshift – Funding and Investors

    Quickshift’s funding details are as follows –

    Date Stage Amount Investors
    July 2021 Seed USD 770,000 Anicut, Axilor

    Quickshift – Competitors

    Shiprocket, Wareiq, and Eshopbox are the competitors of Quickshift.

    Quickshift – FAQs

    What is Quickshift?

    Quickshift (QS) offers a complete suite of fulfillment services for any D2C brand that wants to scale up quickly while offering the best customer service. Through its tech-enabled, multi-city warehouses and integrated shipping, it offers- transparent order management, storage, shipping, COD, RTO, Non-Delivery Receipt (NDR), and ultimately customer delight.

    Who founded Quickshift?

    Anshul Goenka (CEO) and Prodipto Roy are the co-founders of Quickshift.

    Is Quickshift an Indian company?

    Yes. Quickshift is an Indian company headquartered in Pune, Maharashtra.

    When was Quickshift launched?

    QS was launched in 2018.

    How does Quickshift make money?

    Quickshift has a pay-per-use model for charging its customers. It charges for its services rendered for example Platform fee, Inward processing, Storage, Order Processing, and Shipping.

  • How Autobot India introduced the 1st ever specialized certifications in EV tech learning

    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 Autobot India.

    Autobot India has been established with a vision to create a holistic platform that supports the EV industry. The platform has been built to provide superior technology-driven learning outcomes and constant enhancement of the learning experience through R&D. It has built 5 plus learning and development products and over 10 domain specialized programs in EV technology. The team has done this over a period through extensive research, testing, validation, and refinement.

    Autobot also has the first-mover advantage as far as the Indian market is concerned. It is the first in India to introduce specialized certifications in EV technology learning. StartupTalky interviewed Ashwini Tiwari (Co-founder & CEO, Autobot India) to get insights on the startup story and the roadmap of the organization.

    Autobot India – Company Highlights

    Startup Name Autobot India
    Founder Ashwini Tiwari
    Headquarters Pune
    Founded June 2017
    Industry Electric Vehicle (EV)
    Website autobotindia.com

    Autobot – About and Vision
    Autobot – Industry Details
    Autobot – Founders and Team
    Autobot – Idea & Inspiration
    Autobot – Name, Tagline & Logo
    Autobot – Product and USP
    Autobot – Business Model & Revenue Model
    Autobot – Startup Launch Strategies
    Autobot – Challenges Faced
    Autobot – Funding
    Autobot – Future Plans
    Autobot’s Founder Advice
    Autobot – FAQs

    Autobot – About and Vision

    Autobot India has been established with a vision to create a holistic platform that supports the EV industry. It envisions becoming a single solution platform for the global market offering turnkey solutions for testing, learning and development, manpower, and technology support. Autobot aims to benefit OEMs, institutions, and all other stakeholders. The company is constantly innovating and enhancing the technologies available.

    The core vision of the company is to solve a fundamental problem and contribute to the betterment of society, the people, and the country. Autobot aims to bring in change by its innovative model of learning and development. The biggest challenge with the current model of engineering education is that there is too much focus on aspirations, but very little on execution. This company is building a structured thought process focused on the industry exposure of learners that will offer clarity and awareness to enable smoother execution.EVs are the future of mobility, and Autobot’s goal is to make India an EV nation”

    In the short term, Autobot India is developing a holistic learning and development platform for Indian EV market stakeholders such as OEMs, startups, and individual aspirants. The platform will be a point of convergence for the entire industry to join hands and enhance its technology and manpower capabilities and for the individual to enhance their employability.


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    Autobot – Industry Details

    The Indian automotive sector is a mega-market with multiple streams. The overall market generates nearly 7 crore direct and indirect jobs. While EVs are currently a small chunk of the market, they will become a dominant sector in the next few years. The team at Autobot foresee almost 30% of the automotive market directly turning into an EV-oriented sector in the years ahead. That will be a 2.15 crore plus workforce and that’s what they are aiming to capture in the long run. Initially, Autobot’s target is to acquire about 5% of this segment which will be a huge market of over 1 million people to train.

    The EV industry is set to grow big, and Tesla has spearheaded the global evolution of the sector. EVs are the most fuel-efficient and environmentally friendly vehicle technology. Earlier, conventional car companies had considered EVs to be inefficient, but Tesla has proved that with the innovation they can be as efficient and effective as Internal Combustion Engine vehicles or even better. With the rise in global per capita incomes and awareness about environmental pollution, car buyers globally are looking at options that are greener and safer. This lifestyle enhancement and safety aspiration are going to be fulfilled by the EVs. The Government of India plans to take the current 1% market share of EV to 10% of all vehicle registrations by 2025 and turn 30% of on-road vehicles to electric by 2030. This is in line with India’s commitment to the Sustainable Development Goals of the United Nations. If we look at the existing number of vehicles on the road and the projections, this 10% market size in itself will be about 1 crore EVs on roads by 2025 and that’s a massive market to capture.

    Autobot – Founders and Team

    Autobot was founded by Ashwini Tiwari and his brother

    Autobot India Co-founder
    Ashwini Tiwari – Autobot India Co-founder

    About Ashwini Tiwari

    Ashwini comes from a marketing & finance background with extensive experience of working with MNCs such as Alibaba as well as a few leading startups. His forte is marketing collaboration, networking, and business development. He has closely worked in the product development segment as well. His experience also includes working with motorsports events for 3 years, where Ashwini was handling pan India’s responsibility of technical education and training that turned his entire perspective towards the Automotive and EV industry specifically.

    Autobot India Team

    The duo spent two years on planning, modeling, product development, and other aspects before they decided to enter the market. Subsequently, they hired a couple of team members who had assisted them in the planning and development of the content. Today, Autobot India has a strong team of 15, working in areas such as operations, community development, R&D, and technology. It also has a team of nearly 50 plus experts and instructors for its education business and another 20 advisors from the industry. Right from the outset, the founders have strategically brought in industry experts and professionals to offer industry-oriented and practical exposure rather than academia-focused exposure. and not hired professors from institutions. They are aiming to double the core team of 30 soon and in the next three years, the plan is to add another 100 members to the team.

    Work culture @ Autobot India

    Throughout Ashwini’s career journey, as he worked with companies ranging from large MNCs to interesting startups and in profiles ranging from entry-level jobs to leadership roles, he had always wanted to launch an entrepreneurial venture. When he founded Autobot, he was clear in his mind that he will have a company culture that is vibrant and result-oriented but like a family.

    “We share each other’s achievements and failures, successes, and struggles together. We have been a people-centric organization” Ashwini added.

    Earlier the company did annual appraisals as per the industry practice, but now it is doing half-yearly appraisals. The idea is to reward the performers and encourage others to work better. Ashwini’s wish is to fast-track the careers of the employees and to empower the doers with greater remuneration and job profile-related opportunities. Despite Saturdays being official workdays, they don’t work beyond essential tasks on the day and spend time networking, informally engaging in discussions, and even in group outings wherever possible. While hiring talent, his biggest criteria are to choose people who have passion for the job and enjoy doing their work. The best thing for any organization is to see its employees take pride in the work that they do for the company even after they move on to other jobs. This is the mindset that is cultivated at Autobot.


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    Autobot – Idea & Inspiration

    This has been a long process that is now coming to fruition. The founders first started connecting the dots in the year 2015 and charted the course for building a value-driven model. The next 3-4 years were spent on understanding the complex nature of the challenge and how to solve the problems through technology. In between, they dealt with the demonetization and the pandemic outbreak, but their idea was clear that they’d use innovation and technology to address the challenges.

    They steadily grew during the lockdown and focused on fine-tuning the solutions even during the lockdown. Ashwini had extensive experience working in the conventional automobile sector and he knew that a huge knowledge and awareness gap existed as far as EVs were concerned. It was only in 2018 or so that the EV discussions in India really gathered momentum.

    The founders decided to create a technology-driven experiential platform that will spread awareness and empower the automobile sector with the information that is needed. The Autobot India platform will serve as a gateway for people entering the industry and offer them the right thought structure and technology competence to manage the challenges. After a lot of thought, they founded the company in June 2017. Since then, until now, Autobot India has been developing, researching, and fine-tuning the Autobot India platform.

    The story behind the naming of the brand is an interesting one. The founders had been doing a lot of brainstorming to decide on a name that would define the purpose of the company.

    Ashwini is a big Transformers’ movie franchise fan, and one night, while he was taking a walk on the Lajpat Nagar road in Delhi, the idea struck him. Since their business is a merger of automobile expertise with cutting-edge automation technology, that is, robotics, the term ‘Autobot’ clearly defines it as it means autonomous & robot.

    The future is going to belong to electric and autonomous vehicles and there couldn’t have been a better title for the business. As for the logo, it has a very special story behind it which will be revealed at the right time. As of now, the team is keeping the grand secret under wraps. It will be something with the colors of the Indian national flag, that is, orange, green and white, which in short conveys that this is a made in India product.

    Autobot India Logo

    Autobot – Product and USP

    At present, Autobot India is a Platform as a service (Paas) company with a blended platform offering services and innovative solutions built with the aim of technology experience in training and development. The team might build physical products in the years to come as that’s a part of the plan, but presently they are only into offering consulting, learning & development solutions.

    Autobot has built 5 plus learning and development products and over 10 domain specialized programs in EV technology. The team has done this over a period through extensive research, testing, validation, and refinement. They have built an excellent learning product that will serve as the ‘go-to’ platform for everyone aiming to join the EV sector. Autobot’s products are equally beneficial for a fresher, as they will be for someone with several decades of industry experience. It is providing specific and innovative technology and learning experience to people through its blended model.

    The whole program has been developed as per the founders’ own unique methodology known as PLA (Practical Learning Approach). There is industry-centric exposure, and they also do validation from the government sector as well as the industry experts. The Autobot platform has been built to provide superior technology-driven learning outcomes and constant enhancement of the learning experience through R&D. They have met EV experts & MSME leaders and even Niti Aayog as well as other government officials, investors and everyone has praised their ideas and the feasibility of the same.

    USPs are methodology and expertise, consistent technology-driven learning with innovation. The team has constantly endeavored to set itself apart from a conventional learning platform. It is their innovation-based learning that is the biggest differentiator. The approach is going to revolutionize all aspects of automobile training and the higher education ecosystem in India. Autobot is using a lot of technology and honing them to achieve the goal of the technology learning experience. Not only that, but they are also keeping the mass benefit in view. The learners will get technology specialized premium learning experience at affordable rates. This is going to be one of its core USPs.

    Autobot also has the first-mover advantage as far as the Indian market is concerned. It is the first in India to introduce specialized certifications in EV technology learning. It has been providing offline learning options since its early days but, it was in 2020 that the company launched its virtual learning platform. This has completed the framework and it now has a blended online and offline model which is scalable and sustainable.

    “We don’t want to be a learning institution but rather use tech innovation-based learning. All our efforts and plans are aimed at it. This is the very base model that we are launching now. This will revolutionize learning in higher education in India as an automobile learning and development platform. We are working on a lot of technologies that will be adopted to achieve the goal of the tech learning experience at Autobot India. It will be an affordable learning model that will deliver premium learning for all. This is what Autobot Academy will be.” says Ashwini Tiwari, Co-founder, Autobot India.

    Autobot – Business Model & Revenue Model

    Autobot currently has a subscription-based model of revenue generation. However, the platform is multi-faceted, and in the times to come, it will be generating revenues through certification courses and EV lab solutions. Until now, the organization has been in a validation phase with no emphasis on driving revenues beyond the limited range necessary for validation.

    Autobot – Startup Launch Strategies

    Customer acquisition wasn’t the bigger challenge for the team in this early stage as EV is the current global trending and booming industry. Being the first mover and India’s only EV tech specialized platform, people started interacting with the launch of Autobot’s programs early on.

    Ashwini had a database of over 100 institutions with which he was directly in contact. He reached out to them, and they trusted them and agreed to participate in the program. Ashwini is a digital marketer, so he also leveraged the digital marketing channels to acquire customers.

    Further, the team had deliberately kept their customer numbers low since they were in the testing phase. Autobot only needed the right number of clients to test and validate the technology built by the team. The company also has a referral system with more than 3000 network members who helped it receive a lot of incoming queries. Today, 15%-20% of its registrations come from referrals, up to 30% from the traffic they receive on the website, and the remaining through its digital marketing initiatives as well as word of mouth. Autobot has an excellent customer retention rate.

    In one of the big moves, Autobot India tied up with MG Motors to provide a specialized training program in AI and EV which is aimed at providing skilled manpower for the automobile industry.


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    Autobot – Challenges Faced

    The founders haven’t faced any challenges typical of conventional industries since they are building an entirely new and expansive ecosystem. However, they had some initial struggles with platform building, maintaining the startup during the pandemic, and retaining the talent that they have.

    Autobot is a bootstrapped company, so the founders had to face funding challenges too. However, they believed in the idea and have managed to steadily generate enough revenue to fund its operations, paying the salaries and building more capacity. Today, Autobot has facilities in Bangalore, Delhi, and Pune, and all operations are being self-sustained through internal revenue generation.

    Autobot – Funding

    Until now, Autobot has been a bootstrapped company with the founders providing the initial capital. Currently, the operations are self-sustained.


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    Autobot – Future Plans

    As of now, Autobot is a PaaS operating in Indian markets, however, going forward, the team aims to introduce physical products and in two years from now, they aim to enter the international markets.

    Autobot’s Founder Advice

    Ashwini Tiwari says –

    I wanted to be an entrepreneur from a young age and always experimented with something new. My first official startup venture was in 2013, Autobot is my second venture. But in my journey as an entrepreneur, these are the learnings i would like to share –

    1. Have a clear plan of action – Don’t start anything on a whim. Have a thorough understanding of the business and what you have to offer
    2. Understand the market – Do proper research and study of the industry, competitors, market potential, what you have to offer, etc.
    3. Planning operation & Finance – Understand where you stand, how you will arrange the finances and operations. If something happens, would you have the capacity to sustain, ask this question, Also spend sparingly, till your business is not sustainable, don’t make heavy investments.
    4. Network Building – Build connections, keep networking with the right people, sharing value, and taking inputs from them.

    To my 15-year self, I would say, “Dream Big” don’t shy away from dreaming big. My parting remark to everyone aspiring to become successful is if you dream big you will naturally work towards it.


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    Autobot – FAQs

    What is Autobot India?

    Autobot India is developing a holistic learning and development platform for Indian EV market stakeholders such as OEMs, startups, and individual aspirants. Autobot has built 5 plus learning and development products and over 10 domain specialized programs in EV technology.

    Who is the CEO of Autobot?

    Ashwini Tiwari is the Co-founder & CEO of Autobot India.

    Is Autobot an Indian Company?

    Yes. Autobot is an Indian company headquartered in Pune.

    Is Autobot funded?

    No. Autobot has been a bootstrapped company with the founders providing the initial capital.

    What is the business model of Autobot?

    Autobot India is a Platform as a service (Paas) company. It currently has a subscription-based model of revenue generation. However, the platform is multi-faceted, and in the times to come, it will be generating revenues through certification courses and EV lab solutions.

  • Growth Story of HumSafer – Alexa for Truckers!

    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 HumSafer.

    Good Mind (Parent Company of HumSafer App) has built an asset-light, free, AI-based Road Safety Solution that aims to cut the rate of road incidents to zero. Founded by Jehaan Kotwal and Sumedh Mane, HumSafer aims to reduce road accidents and improve the lives of truckers by implementing measures to improve their lives. It’s a revolution in road safety through an evolution in behavior!

    #DriveForOxygen by HumSafer is an initiative that aims to support 4000 HAZ certified drivers that clock over 12 hours to supply oxygen across the country. This initiative not only went viral but was also was able to raise over 11 Lakhs from 250 sponsors; the resulting fund-‘COVID Kavach’ will then be guaranteed to 10,000 drivers in the first leg of the drive.

    StartupTalky interviewed the founders of HumSafer, Jehaan Kotwal and Sumedh Mane to know the startup story and the roadmap of the organization. Know how HumSafer started, its vision, USP, future plans, business model & more.

    HumSafer – Company Highlights

    Startup App Name HumSafer
    Founders Jehaan Kotwal, Sumedh Mane
    Head Office Pune
    Operational Office Mumbai
    Launched January 2019
    Industry Auto-tech
    Website humsafer.ngo
    Parent Company Good Mind

    HumSafer – About and Vision
    HumSafer – Industry Details
    HumSafer – How it Started
    HumSafer – Product/Service and USP
    HumSafer – Founders and Team
    HumSafer – Name Meaning and Logo
    HumSafer – Launch and Marketing Strategy
    HumSafer – Business Model
    HumSafer – Challenges Faced
    HumSafer – Funding
    HumSafer – Advisors and Mentors
    HumSafer – Competitors
    Tools used by HumSafer to run Startup
    HumSafer – Recognition and Achievements
    HumSafer – Current Status and Future Plans
    HumSafer – FAQs

    HumSafer – About and Vision

    Good Mind (Parent Organization of HumSafer App) has built an asset-light, free, AI-based Road Safety Solution that aims to cut the rate of road incidents to zero. By prompting drivers at the right time with gentle nudges with regard to their driving, truckers are able to modify their behavior and take corrective measures. Coupled with incentives for good driving, the team @ HumSafer is confident that road accidents can be avoided entirely.

    Its vision is centered around reducing road accidents and improving the lives of truckers by implementing measures to improve their lives.

    “We have created an entire ecosystem via our accessible platform to empower and uplift this community. Our core belief is that by using our technology, we can change driving behavior and save over 200 lives a day. It’s a revolution in road safety through an evolution in behavior” says Jehaan Kotwal & Sumedh Mane, HumSafer founders.

    Sumedh Mane talks about HumSafer and the #DriveForOxygen

    HumSafer – Industry Details

    The transport industry is like a bloodline of any nation and over the period of time the industry today may seem booming as the products are reaching to people faster, deliveries are done before time and the experience of sending/receiving a package is becoming more seamless.

    There are about 80 lakh truck drivers, across India according to a research report published in 2019. The majority of truck drivers are single owners and their ecosystem is highly unorganized – there are neither standard rates, schedules, shifts, routines, nor any union or unity amongst them.

    The drivers are not left with any savings for their future, which makes them more hopeless about their future thoughts in life. As they don’t have any savings for the future, they land up in a very critical situation when there is some medical or money emergency in the family. It really is a vicious cycle of poverty and unpredictability that plagues generations of truck drivers.

    Founders of HumSafer see the industry moving towards multimodal and more technology-savvy in the next 5 years. They hope to implement key products that are centered around empowering and uplifting this community.


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    HumSafer – How it Started

    The idea and conception of this startup are anecdotal as much as it is research-based. Jehaan Kotwal’s father, who was a truck driver brings over 30 years of domain knowledge to the table. While Jehaan himself has dedicated the last decade of his career to this sector, he realized that the needs of an entire marginalized community, whose services keep the country moving, have been neglected far too long. Using feedback from the primary research based on the principles of Human-Centered Design the MVP was designed. HumSafer App was then launched in January 2019.

    Sumedh centered his career in Product, exploring technology, marketing, business acumen, but the one thing that remained through his startup and product career as Human-Centered Design, something he’s always been passionate about.

    Jehaan would go on his truck every once in 2 years to understand the issues drivers face on-ground which is why he was able to build one of India’s safest transportation companies in the country, his solutions weren’t designed in an insulated office space but were derived from a root cause identification that is done on-ground to better serve the drivers.

    When Sumedh came back from the UK after finishing his Computer Science Course, at the University of Glasgow, Jehaan had finally created the application he had briefly discussed before Sumedh left for 2 years.

    They started informally discussing the idea and what can be done, and without knowing, organically, the idea flourished further and Sumedh decided to work on the idea full time! It was a professional relationship that had Human-Centered Design at its core.

    HumSafer – Product/Service and USP

    Problem Existent –

    More than 90% of this segment start off as a cleaner first and are trained by the drivers they are helping. There is no formal training. If we want our roads to be safer, we need to help this community become better drivers.

    Insight

    Lack of safety concerns is not by choice but due to bad driving skills passed on due to the lack of centralized and formal training. Understanding what are the right incentives and motivating factors for changing their behavior is important for us to change their behavior

    Solution

    The HumSafer App! – Good Mind has built an asset-light-free AI-based Road safety solution that can help reduce accidents by giving gentle driving nudges to the drivers when they are driving badly and providing rewards when they are driving well. Think of it as Alexa for truckers!

    HumSafer by Good Mind
    HumSafer App

    Pivot Point –

    Although they did not pivot from the offering, what it learned in its pilot is if this was to be sold to truck drivers as a safety product, this isn’t going to work, which is why the company pivoted its product communication to a solution built for truck drivers as their companions: Aap ke saathi, aap ke saath! (Translation: Your companion, With you!)

    USP –

    Using gamification to understand motivation, incentives, and rewards, are the unique offerings that set HumSafer apart from any other safety app in the market. Some of these features include:

    • Alerts that gently nudge drivers on their safety and good driving behavior
    • Monetary rewards that are credited straight to the driver through UPI
    • Insurance and other medical aid they can register onto through the app
    • Live sharing of location with select contacts to keep in touch with their families
    • A 24/7 helpline for any road assistance
    • Community page-to share and discuss grievances and others with the community

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    HumSafer – Founders and Team

    Jehaan Kotwal and Sumedh Mane are the founders of HumSafer. Jehaan and Sumedh Mane studied in the same university where they were flatmates about 12 years ago, they have remained very close friends since.

    Jehaan Kotwal

    HumSafer Founders
    Jehaan Kotwal – Founder, HumSafer

    Jehaan Kotwal is the son of a truck driver who traveled the length and breadth of the country as a cleaner. This hands-on experience was a real eye-opener for him as he witnessed firsthand the problems that the 8 million truckers were facing- lack of safety for one. As his experience grew, it became a dream to come up with a cost-effective solution that drivers can use and really depend on.

    Sumedh Mane

    Sumedh Mane, HumSafer Founder
    Sumedh Mane – Founder, HumSafer

    Sumedh in his company Hackathon built a logistics-based solution which his team won. He shared two of his ideas with Jehaan which he really liked and implemented in his solution. Those two ideas included using the sleep detection from the mobile phone front camera itself instead of spending 30-40k on an expensive device as well as Community and interaction to alert other drivers about dangers on their route.

    How is the task divided?

    Simply put, Jehaan runs the business arm of the organization, this includes liaising with external stakeholders such as investors and Revenue streams Connection as gathered from industry experience.

    Sumedh runs the product arm of the organization and heads the tech and marketing teams. This includes CTO – Harsh Shah (Last Byte), Branding and Communication – Ayshwarya Sharma, and the UX and Design team, Nidhi Shah (Shrishti Bangalore Graduate with Design Experience).

    This team is part of all product meetings regardless of their roles. The branding and communication team is involved in very early discussions of the product so they are integrated very well with the team

    Current team size

    • 2+6
    • Principles of hiring: “We hire people who are interested in solving this problem with the same passion we are. It is about making sure we share the same values and know what it takes to make our teams reach their highest potential” Founders of HumSafer further added.

    Jehaan and Sumedh wanted the name of the parent company to reflect their attitude towards their work and life. Good Mind (Vaho Mano in Avestan) is also one of the main pillars of Zoroastrianism which is their guiding principle. “Everything we build reflects that thought process and is the core of our belief” they added.

    HumSafer
    HumSafer Logo

    HumSafer App was a wordplay with ‘Humsafar’ as it means companion in Hindi and HumSafer is indeed drivers’ companion but mainly focused on safety hence the ‘Safer’

    HumSafer – Launch and Marketing Strategy

    The company had its in-house 200 drivers, with JFK Transporters as a strategic partner. All its experiments and use-cases are tested on them before launching it to the 10 million.

    Apart from that, HumSafer also started with Oxygen drivers as the first real users during the second Covid wave where it insured 10k drivers and rewarded over Rs. 500-2000 per driver to over 1000 oxygen drivers for their amazing work during these tough times. HumSafer’s is predominantly driven through word of mouth and various transport associations. Its spend on marketing has been so far 0 (Zero). The team wishes to put its energy more into building the best product for the truck driver, instead.

    HumSafer has crossed over 10k and now is looking to reach 1 lakh drivers as its next milestone. It has made its technology scalable and the backend expandable, but outsourcing many of its non-core activities e.g. BPO’s and on-ground engagements. HumSafer’s #Driveforoxygen went viral and the team was able to raise sufficient funds to insure 10k drivers. Now it wishes to insure 50k more.

    #DriveForOxygen is an initiative that aims to support 4000 HAZ certified drivers that clock over 12 hours to supply oxygen across various parts of the country. These drivers risk deliveries through containment zones, lockdowns, and exhaustion- all while not being considered as ‘frontline workers’, essential or even emergency services, and working on a basic salary.

    Together with Uplift Mutual, HumSafer has been raising funds to benefit the most at-risk and marginalized section of its community- truck drivers. These drivers have been tirelessly ferrying oxygen to and from various locations across India.

    “Through #DriveForOxygen, over 11 Lakhs has been raised from 250 sponsors; the resulting fund-‘COVID Kavach’ will be guaranteed to 10,000 drivers in the first leg of the drive. The next phase aims to empower and enrich the lives of the 8 million marginalized trucker community” Jehaan & Sumedh added.

    HumSafer – Business Model

    Good Mind is a social venture, which is why it also has an NGO partner HumSafer Driver Safety Foundation. It allows all its road safety NGO partners to use the HumSafer platform for free. It, in turn, provides services to the drivers and the companies on their products to be transported. It has 3 revenue streams that will make the company profitable from the get-go. The three revenue streams are currently not being disclosed until significant volumes are achieved.


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    HumSafer – Challenges Faced

    “We went too big too fast with our technology spends and learned to fail fast quite late. We could have experimented more in a smaller way in terms of cost. We quickly covered it up in our learnings in the second version that the new in-house team built” as said by Jehaan & Sumedh, Fouders, HumSafer.

    Key learning from its pilot was as follows:

    • Selling ‘safety’ to an Indian audience
    • As an idea and the story, they liked the idea very much but in terms of using the product, it wasn’t very exciting for them
    • The team had to go back to the drawing board and rethink incentives and behavior change communication strategy

    HumSafer – Funding

    HumSafer raised its seed round in October 2020 for INR 2 crore.

    Date Stage Amount Investors
    October 2020 Seed INR 2 crore Undisclosed


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    HumSafer – Advisors and Mentors

    • Adil Malia – Ex HR head of Essar Group
    • Pirojshaw Sarkari- Ex MD of Mahindra Logistics
    • Cyrus Guzder- Ex MD of DHL and AFL
    • Naushad Forbed- MD of Forbes Marshall and Ex-President CII

    HumSafer – Competitors

    Competitors of HumSafer – Green road, Netradyne and Cambridge Mobile telematics

    Tools used by HumSafer to run Startup

    Notion and Firebase – Tools used by HumSafer to run the startup.


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    HumSafer – Recognition and Achievements

    This past May, Jehaan was nominated by the Ministry of Commerce & Industry and the Logistics Skill Council to start and spearhead the Oxygen Transporters & Drivers skill, Train and Deploy initiatives. Under this initiative, HumSafer will be training an additional 3000 drivers for Liquid Medical oxygen transport.

    In terms of awards, Microsoft for Startups Grant had selected HumSafer amongst many other startups for a grant of $25,000. The grant came alongside access to Microsoft tools like – Power BI, Azure (server credits) as well as Github repository access for premium. They are also fortunate to be mentored as well as get network opportunities through access to webinars and conferences tailor-made for startups.

    HumSafer – Current Status and Future Plans

    HumSafer runs its operations across India, however, its head office is in Pune and the operational office is in Mumbai. It also has a Bangalore-based tech team that works relentlessly on the backend.

    HumSafer is a pre-revenue start-up but has successfully signed a major tyre company with more than a 10k user base. The team @ HumSafer is confident that they will reach 30,000 drivers in March 2022 and 9 lakh drivers in five years.

    HumSafer plans to reach 9 lakh drivers in the next 5 years. It is building its company to be profitable and scalable with the least amount of funding required.

    • Product and Tech – Currently, HumSafer is an asset-light product (software) and will eventually expand to a hardware device. Presently, it tracks drivers’ behavior and journey and in the future, the team would like to track the vehicle’s data as well to optimize for efficiency
    • Business Expansion – Right now, the team would like other segments of trucks, buses, 4 wheelers, with a geographic foray into other developing countries (East Asia, African markets)

    HumSafer – FAQs

    What is HumSafer?

    Good Mind (Parent Organization of HumSafer App) has built an asset-light, free, AI-based Road Safety Solution that aims to cut the rate of road incidents to zero. By prompting drivers at the right time with gentle nudges with regard to their driving, truckers are able to modify their behavior and take corrective measures.

    Who founded HumSafer?

    Jehaan Kotwal and Sumedh Mane are the founders of HumSafer.

    What is #DriveForOxygen initiative?

    #DriveForOxygen by HumSafer is an initiative that aims to support 4000 HAZ certified drivers that clock over 12 hours to supply oxygen across various parts of the country. These drivers risk deliveries through containment zones, lockdowns, and exhaustion- all while not being considered as ‘frontline workers’, essential or even emergency services, and working on a basic salary.

    Who is HumSafer owned by?

    Good Mind is the parent company of HumSafer. It is founded by Jehaan Kotwal and Sumedh Mane.

  • Wink & Nod – Blessing The Country With Peaceful Sleep!

    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 Wink & Nod.

    As correctly said “the richest man in the world is the man who can sleep in peace at night.” With the fast and hectic lifestyle of modern times, the importance of quality sleep has become more essential. With the same vision, Sandeep Prasad launched Wink & Nod in 2017.

    Wink & Nod is an innovative sleep-focused company that is driven by a vision to create a one-stop brand that caters to the sleeping needs of the modern Indian consumer. As a company, it understands the importance of quality sleep in today’s stress heavy world, hence it wants to become a trailblazer in the sleep industry in the Indian market. Keeping in line with this, the company focuses on using the best quality and non-toxic fabrics and materials by certifications like CertiPUR-US® for foam and Oeko-Tex® Standard 100 for fabrics.

    Most of Wink & Nod’s targeted consumers lie between the age of late 20s to late 40s and belong to the working class. With an increase in stress levels and long working hours, people aren’t able to find the time to focus on sleep. Wink & Nod intends to provide the same and at the same time eliminate the hassle of shopping for these products by providing online options to choose from and delivering them to the customer’s home.

    Wink & Nod – Company Highlights

    Startup Name Wink & Nod
    Headquarter Pune
    Industry eCommerce
    Founders Sandeep Prasad
    Founded 2017
    Parent Organization Ultra Decor Pvt Ltd
    Website www.winknod.com

    About Wink & Nod and How it Works
    Wink & Nod – Target Market Size
    Founders of Wink & Nod and Team
    How was Wink & Nod Started?
    Wink & Nod – Name, Tagline and Logo
    Wink & Nod – Startup Launch
    Wink & Nod – Business Model and Revenue Model
    Wink & Nod – Startup Challenges
    Wink & Nod – Competitors
    Wink & Nod – Funding and Investors
    Wink & Nod – Growth
    Wink & Nod – Awards
    Wink & Nod – FAQs

    About Wink & Nod and How it Works

    Wink & Nod’s vision is to create a one-stop brand that caters to all sleep needs of a consumer, a brand that resonates with sleep and redefines the overall sleep experience of the user. Apart from mattresses, this firm also sells bed sheets, pillows, comforters, and other sleep accessories. The products are not only aesthetically pleasant by looks and amazing to feel, but also are non-toxic, affordable, and are backed by innovative technology.

    The shift from traditional players to Wink & Nod will be gradual but is something that people are willing to do once they understand the products and the value it holds. A mattress has typically been a low-involvement product and has been seen as something that is placed on top of your bed. The consumer adapts to the idea when he understands that a mattress is a place where the average person spends one-third of their life and that they can actually help improve their sleep.

    To get the consumers aligned to this thinking, Wink & Nod provides them a 100-day trial on the mattresses, earning the most crucial element behind a product’s success – their trust in the product. Nobody likes change, but some changes are for good, and that is what this company wishes the consumers to understand. Before starting any marketing activity, Wink & Nod dives into the customer personas, map their behavior, how they spend their day, and understand why they require a product like this.

    “We try to be in these touchpoints via various modes of communications, experimenting on offline activities and focusing on customer engagement.” Said Sandeep Prasad.

    Additionally, Wink & Nod has tried to shift from the conventional notion of mattress purchasing as a tedious task, and have made the process enjoyable for the consumers. For customers who are confused about buying which kind of mattress, it has dedicated sleep experts who assist them with the right mattress based on their needs. Wink & Nod, as a brand, connect with millennials. The content used for communications follows a quirky-fun tonality focusing on maximum consumer engagement. So even if they do not purchase the product, they still remember Wink & Nod.  

    Not to forget, Wink & Nod follows a personalized and unique packaging style with the aim of providing a delightful experience to the customers. The Wink & Nod team understood the gap in logistics in India and worked towards solving it. Hence, even something as large as a mattress gets delivered packed inside a box, and at the same time gives the customers a joy of unboxing it.


    Wink & Nod – Target Market Size

    The existing mattress market is pegged at a total size of around US $1.5 Billion, and growing 10% year-on-year. While most mattress buying has traditionally been from the unorganized sector, the split between the two segments is around 50-50 as of now. This is largely driven by a few offline brands driving the industry. Within the organized segment – the online space, which has become active in the last 4-5 years, occupies ~10% of the segment (i.e, 5% of the industry).

    However, Wink & Nod is looking to position ourselves as a one-stop-solution for all sleep-related products. This is a much bigger market, roughly estimated at the US $5 Billion. It includes sleeping accessories like pillows, mattress protectors /toppers, etc. A significant portion is comprised of the bed and linen sector which is pegged at around the US $3 billion.

    The industry is in its initial years of technology disruption and is undergoing rapid developments. The market is expected to shift from 5% eCommerce to 30-35% eCommerce in the next few years. With 4-5 new-age brands co-existing in the market, each brand can carve out its own specific niche, through their products, services or marketing. These businesses will be online-first direct to consumer brands with some offline presence in terms of experience stores

    Founders of Wink & Nod and Team

    Wink&Nod Founder, Sandeep Prasad
    Wink&Nod Founder, Sandeep Prasad

    The Core Team at Wink & Nod consists of the following members:

    • Sandeep Prasad: Sandeep is the founder and CEO at Wink & Nod. He is a former VC investor who keeps a keen eye on operations and growth. Sandeep earlier worked as an investment banker in New York, a strategy professional in Chicago and as a consultant in Pittsburgh. These high-pressure jobs made him recognize the value of a good night’s sleep.
    • Vishal Mundhra: Vishal is the CTO and go-to guy for all technology-related issues of Wink & Nod. He is a business-technology entrepreneur and an advisor to global businesses. His past experiences include being a product manager and the head of the user experience group at TIBCO Software. In this role, he led large scale business transformation initiatives for Fortune 1000 companies.
    • Aditya Labroo: Aditya is the COO at Wink & Nod, and a former investment associate at Guild Capital, a US-based early-stage Venture Capital Firm. His experience of the startup life also comes from being a founder at FairFrog, a niche online marketplace. Aditya was also an options trader at the Dutch firm Optiver, based out of Amsterdam.
    • Keerthi Balakumar: Keerthi is the brilliant mind behind all products at Wink & Nod. He is a former Innovation Manager at AB InBev India who was dealing with their fine portfolio of alcoholic products often left him yearning for a comfortable place to sleep off after long days at work.
    • Ankit Raj: Ankit is the CMO at Wink & Nod and he is responsible for all marketing activities at Wink & Nod. Armed with deep insights into consumer’s persona and consumer behavior, he ensures that Wink & Nod is heard amongst the masses and then slept on by the masses.

    How was Wink & Nod Started?

    All of this began with working for a VC fund in Florida, which focused on investments in nascent-stage consumer brands. Working as the COO of a luxury eCommerce watch company as part of the VC fund, Sandeep saw a steady rise in the US and European based startups that were completely disrupting the mattress and sleep market by bringing products like mattresses and pillows from offline channels to online channels. Additionally, seeing innovation in the products spiked his interest.

    The catalyst to start the business was the pursuit of his parents for a good mattress. “They spent more than three weeks in this quest and ended up buying a mattress for a hefty sum of INR 30,000. Upon asking my mother what mattress she had purchased, she was not very sure. The experience of my parents and the potential opportunities in the Indian mattress industry sparked the idea of building a startup focusing on sleep.” Said the founder Sandeep!

    A rigorous analysis of the market followed by this experience of his parents made him quit his job. Sandeep raised capital from his boss and utilized it to build the platform. A college friend of his, Vishal assisted in building the website. A fellow worker from his previous company had some contacts in Hong Kong and helped him with the required sourcing partners. Furthermore, Vishal had some contacts in design and warehousing companies from Mumbai. After coming back to India, Sandeep teamed up with a few people from the eCommerce and logistics sector and went on to launch Wink & Nod.

    Wink & Nod Logo

    The name Wink & Nod was finalized after careful consideration and elimination process. The idea was to come up with a name in which people could relate to sleep, and at the same, had to give the name a second thought to perceive the meaning of it. This would create that extra moment of consideration in their mind, giving it just the right time to make some space and rest in mind. Additionally, it needed to speak to the Millenials in their tone. So, Wink & Nod is a subtle take on the fact that when one is feeling sleepy, the head starts nodding, the eyes start winking.

    Wink & Nod – Startup Launch

    Sandeep connected with his network of the ecosystem of mattress suppliers at the start of his entrepreneurial journey. Then, it was mostly about testing an MVP in the market and making quick iterations based on feedback. He reached out to his contacts, friends, and relatives and also started spending slowly on social media. The initial traction was slow but he realized that whenever he spoke to the customer, he/ she would definitely go ahead and buy. So, Sandeep set up an in-house lead generation and lead conversion process, wherein he had a couple of people who would call and convert customers along with him. This gave Wink & Nod the initial boost to reach the first 100 customers and test out the MVP.

    “Speaking to the customer directly also gave me more insights into what customers wanted. This helped us nail the product-market fit in our subsequent iterations.” Says Sandeep.

    Since its inception, Wink & Nod’s primary focus is to provide consumers with comfortable quality sleep at an affordable rate. And it has been successful in doing the same. With certifications like CertiPUR-US® for foam and Oeko-Tex® Standard 100 for fabrics, Wink & Nod ensures that only the best reaches the consumers. Another attraction for the company has been the wide range of product offerings, which cater to all sleep requirements in a bedroom. These products include mattresses, pillows, bedsheets, comforters, towels, sleep spray, amongst many others. With constant innovation and the addition of new products in the portfolio, this venture has had the constant attention of its customers.

    “We are in a slew of launching an Ayurveda mattress with the sole intention of providing a quality sleep using all-natural materials. Lastly, as mentioned earlier, solving the logistical issues that come with purchasing a mattress by delivering the mattress in a box also attracted a large customer base for us,” added Sandeep.

    Wink & Nod – Business Model and Revenue Model

    The business model of Wink & Nod is that of a direct-to-customer eCommerce brand. The unit economics is a first-order profitable one, which means that it doesn’t need a high repeat rate to get profitable on a unit customer level. Additionally, it has forayed into several accessories and is witnessing a significant number of repeat purchasers. Products like pillows, comforters, bedsheets, and towels are doing extremely well. Compared to similar products in the market with the same specifications and quality, these products are priced fairly, keeping in mind the Indian consumers.

    For instance, a mattress ranges between INR 4000 -INR 42000 depending on the thickness and dimensions. Since Wink & Nod sources it directly from manufacturers and sells to the customers, it can pass on the cost advantage to customers. Secondly, logistics is another high cost for traditional mattress companies, since mattresses are bulky products. Wink & Nod delivers the mattresses in compact vacuum-sealed boxes which saves costs in transportation as well as storage. Hence, further reducing the cost and passing it as a benefit directly to the customer.

    Being an online consumer brand, it doesn’t have to absorb high fixed costs and overheads concerning offline stores or shell out high retailer margins. All these efficiencies in the business model of the company enable it to use the best quality raw materials and a superior quality product at an affordable price. All these factors set Wink & Nod apart from others since all the materials are internationally certified and safe to use.


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    Sleep is quintessential for an individual to perform their best, profession bewhat may. Especially in the present scenario where every person seems to beracing with time, there seems to be ignorance when it comes to the most basicyet essential needs like sleep and personal health. The Sleep Compa…


    Wink & Nod – Startup Challenges

    The major challenge as a company for Wink & Nod was solving the fragmented and unorganized logistics in India for a product like theirs. In case a mishap occurs, the consumer always holds the company selling it accountable rather than the delivery service. Hence, the team had to solve this issue at a two-fold level. They went on to build a very strong customer support infrastructure to assist customers throughout the post-purchase process. The infrastructure includes people as well as tools to provide shipping support to customers. Additionally, they innovated the packaging of the product by providing our consumers with products as large as a mattress packed inside a box.

    Wink & Nod – Competitors

    Talking about the Indian market, which is where Wink & Nod’s focus is now, some of the competitors in the space are Wakefit, SleepyCat, etc. apart from the traditional incumbent ones like Sleepwell, Kurl On, etc. Each of these companies has carved out its own niche positioning in the space and hence is not directly competing for the same set of customers at the same time.

    The fact that Wink & Nod’s vision is to build a sleep-focused brand rather than a mattress brand, differentiates it from several competitors in the market.

    “We have launched about 15 products in a span of two years – more than any other brand in this space. Each product has its own learning curve in terms of R&D, product-market fit, supply chain complexity, etc.” Says Sandeep.

    With each successful product in the portfolio, Wink & Nod’s competitiveness as a sleep brand increases exponentially and at the same time, it has a differentiated offering from the rest of the mattress players. When it comes to the products, each of Wink & Nod’s products has something unique in it – that’s the company’s core product innovation philosophy. For example, it’s Emperia mattress (the premium mattress) has a proprietary cool-touch cover which is not available anywhere else in India. Secondly, its Carbon pillow, with the charcoal-infused memory foam is another product that is being sold only by Wink & Nod. On a more generic level, it’s products really differ in terms of the materials with the highest quality, supreme safety, and internationally certified materials.

    Wink & Nod – Funding and Investors

    Wink & Nod has raised two rounds of seed funding from Guild Capital, a US-based VC firm. Currently, it is looking to raise a Series A round.

    Wink & Nod – Growth

    • Growing at a monthly rate of 5-10%
    • Consistent monthly improvement in marketing efficiency
    • Reduced our overall customer acquisition cost
    • Launched a line of sleep based products
    • Team size has grown from 2 to 25 plus in 18 months
    • Available on major e-commerce websites like Amazon, Paytm Mall, amongst others.
    • Two experience stores in Pune
    • A new product line launching soon

    Wink & Nod – Awards

    • One of Top 10 startups in Wharton Startup Challenge
    • Listed amongst the ET top 50 (or top 100) startups

    Apart from this, Wink & Nod has had various feature articles in magazines and papers like TOI, Business World, among others.

    Wink & Nod – FAQs

    Who is the founder of Wink and Nod mattress?

    Sandeep Prasad is the Founder of Wink & Nod.

    What is Wink and Nod?

    Wink and Nod is a startup that deals with sleep solutions that includes mattresses, bedsheets, pillows and more!

    Is there a trial period with Wink and Nod?

    Yes, Wink and Nod provides a 100 day trial period for their mattresses.

  • Khetigaadi.com – World’s First One-Stop Solution for Agricultural Machinery

    India is one of the top countries, precisely second, worldwide in farm outputs. Agriculture sector employs 50% of the Indian work force and contributes 17-18% to the country’s GDP. A large section of our population depends on agriculture, especially our farmers. And the state of farmers in our country is worrisome. Floods, droughts, low income and unavailability of financial sources leads them in a debt trap and hence farmers, their families and the agriculture industry as a whole suffers. There are Government policies and non-government organizations helping farmers in many ways. But still, there is lot more that is needed to be done, and a startup that realized these issues and has come forward to further develop the agricultural sector through mechanization is Khetigaadi.com

    Khetigaadi.com is the world’s first destination for tractors and farm mechanization. The platform is a marketplace for buying, selling and renting of agricultural equipment and also offers knowledge based advises  to the farmers, and insurance and loan assistance on agricultural equipment. Pravin Shinde, the founder of Khetigaadi, put his heart and soul into this startup and his journey to success is commendable. StartupTalky interviewed Pravin Shinde to find out more about the venture.

    Khetigaadi – Company Highlights

    StartupName Khetigaadi
    HeadQuarter Pune
    Founder’s Name Mr. Pravin Shinde and Vishnu Dhas
    Sector Agro-Tech
    Founding Year 2018
    Website link Khetigaadi.com
    Registered Entity Name ATFEM Khetigaadi Pvt. Ltd.

    About Khetigaadi and How it Works
    Khetigaadi – Market and Industry Details
    Founders of Khetigaadi
    How was Khetigaadi Started
    Khetigaadi – Startup Launch
    Khetigaadi – Name and Logo
    Khetigaadi – Revenue Model
    Khetigaadi – User Acquisition
    Khetigaadi – Startup Challenges
    Khetigaadi – Competitors
    Khetigaadi – Advisors and Mentors
    Khetigaadi – Future Plans
    Khetigaadi – FAQs

    About Khetigaadi and How it Works

    Khetigaadi is world’s first destination where one can buy, sell, rent, compare and review tractors and farm mechanization, all with a simple click. It has been established to encourage farm mechanization and usage of technology and hi-tech products in agriculture to optimize yield in less man-hours. It is not just an online market place to source agricultural implements, but is also a knowledge based advisory platform for the farming community and provides insurance and loan assistance on various agricultural equipment.

    Built on high-tech angular technology, Khetigaadi portal is as safe as an online banking portal. To make the platform user friendly for the farmers, Khetigaadi has made it available as an App in 10 languages and the company’s website can be viewed in 3 different languages, English, Hindi and Marathi. The concept is techno-savvy and compatible with IOS as well as Android.


    Khetigaadi – Market and industry details

    According to a recent NABARD report, the size of the farm equipment market is expected to reach 9 lakh crore by 2022.

    As said by Pravin,  “The current farm mechanism industry is almost 80 thousand crore where new tractor industry takes up 40 thousand crore, the old tractor industry is at 20 thousand crore, rental tractor industry is gauged approx.at 15k crore and finally the implement industry is at around. 5 thousand crore”

    Founders of Khetigaadi

    Mr. Pravin Shinde and Vishnu Dhas are the Co-founders of Khetigaadi.com.

    Pravin Shinde himself is a farmer’s son and he witnessed the hardships faced by agricultural community closely. His aim was to address one of this major challenges of our country. Pravin is a graduate in Economics and a diploma holder in Agricultural Technology. He began his professional career by joining his family owned business dealing in fertilizers, pesticides and chemicals. Pravin’s family was the first one to know about his plans and the idea behind conceiving Khetigaadi. After gaining a bit of market experience, he joined SAR Agrochemicals & Fertilizers Pvt. Ltd., which was founded by his elder brother, Prashant Shinde.

    Today SAR Agro-chemicals & Fertilizers Pvt. Ltd. is amongst the finest manufacturers, suppliers, traders, distributors and importers of range of Organic and Inorganic Fertilizers. Apart from managing Khetigaadi, Pravin is also Founding Director of SAR Agro-chemicals & Fertilizers Pvt. Ltd.

    In Oct. 2017 Pravin was in the process of taking SAR Agro-chemicals & Fertilizers beyond local borders. He met Mr. Vishnu Dhas at an event. They say when you have similar interests, working together becomes easy. Vishnu’s views about the need to further mechanize farming techniques and raising the farmers, our ‘annadatas’ on a respectable strata of the society, were similar to Pravin’s ideas and vision. In no time their wavelengths matched and Pravin and Vishnu came together to  do a successful event together in February 2018. After that there has been no looking back. Pravin and Vishnu officially got together in June 2018 and Mr. Vishnu Dhas became an integral part of Khetigaadi as Co-founder and Executive Director.

    How was Khetigaadi Started

    Pravin being from a farmer family was well aware of the issues the farmer faced, and was willing to do something for the improvement of the status of the farmers. Khetigaadi  was started with a  vision to bring about and facilitate a positive change in the way farming is undertaken in India and to bring India at par with the developed nations in terms of farm mechanization.

    “Farmers are the most important ones – our ‘Annadata’. My quest is to empower them, improve their current situation and bring them into the mainstream. They deserve limelight and I want them to realize how important their part is in our lives. My conscious is continuously hunting for novel ideas to better their situation.” says Pravin  explaining the motto behind starting Khetigaadi.

    Farmers, their challenges, the villages, techno-innovation in bringing about a positive change in the agricultural sector – all of this is very close to his heart. Through Khetigaadi he seeks to reach out to a maximum number of farmers in each and every nook and corner of India with the help of technology.

    I am constantly thinking about how else can I offer the farmers with solutions that will take away manual labour from their routine and at the same time fetch them good yield.

    Khetigaadi – Startup Launch

    When Khetigaadi started off, the team did not even have all the information required to educate and convince the farmers, on one platform. It wasn’t available online nor were there any offline sources where they could collate it from. They reached out to various agriculture-based research centers and sometimes even purchased the much-need information and reports. This exercise took almost a year where they compiled all the data and studies that will help enlighten the farmers and convince them about the need for mechanization.

    Mr. Pravin Shinde’s brother also came in and helped a lot with the business activities. They built the website in-house without any professional help. They eventually built the website to what it looks today, through trial and error and multiple hurdles. It is a success nonetheless!

    Khetigaadi launched the portal in May 2016 from its Pune office. They faced some backlash when they got started. But Khetigaadi team reached out to the farmers undeterred. Exhibitions, One-ones, sessions and social media handles have helped them immensely in their awareness campaign.

    Moving further, Khetigaadi commercially launched itself in 2018 for manufacturers and distributors of tractors and farm equipment. Renowned tractor manufacturer John Deere was the first customer on the platform.

    As the platform deals with vehicle (gaadi) and equipment used for agriculture (kheti), the company is rightly called ‘Khetigaadi’

    All of us dream of owning a vehicle (either a four wheeler or a two wheeler depending upon aspirations). Similarly, a farmer also aspires to own one albeit, his fancy is of owning a tractor that’ll help him take his farming skills on to the next level. It in fact for him is synonymous with his farm. A ‘gaadi’ used for ‘kheti’ and that’s where we leaped feeling thrilled for thinking of ‘khetigaadi’. That moment is still fresh like yesterday for me.

    After the word ‘Khetigaadi’ was coined, and their team started building the platform, they realized that there is no other such platform in the world where information regarding farming automation and mechanization is collated and accessible. That’s when they came up with the tagline, ‘World’s first Agri-Mechanism for Indian Agriculture’.

    Khetigaadi Logo

    Khetigaadi – Revenue Model

    Khetigaadi serves as an Advertising and Marketing platform for all manufacturers, and dealers. The Khetigaadi revenue model works from-

    1. Display Advertising
    2. Enquiry Selling
    3. Transaction base
    4. Google Adsense
    5. Product Promotion
    6. Dealer Promotion
    7. Reach Media

    Khetigaadi – User Acquisitions

    The team of Khetigaadi traveled village to village talking to farmers. Beginning with Nashik in Maharashtra and Jalandhar in Punjab, they met farmers one-by-one and explained the concept of Khetigaadi. After initial hiccups and disbelief, the farmers were convinced about Khetigaadi. These are the two cities where they got their first 15-20 clients.  

    Pravin and Vishnu also spent almost one year in different initiatives like exhibitions, seminars, one-one discussions and workshops; to share information and enlighten farmers on how best can they optimize yield by mechanization. Social media platforms like WhatsApp and Facebook helped them take their awareness campaign to another level and helped them reach the grass root levels. With all of these, Khetigaadi managed to bring a sizeable farmer community on their platform.

    I would like to give due credit to the new generation of farmers who are tech-savvy and keen on exploring innovation in farming.

    Khetigaadi – Startup Challenges

    Khetigaadi faced many challenges along its way. Starting off, was communication of a techno-driven initiative to uneducated farmer community. However, the team received positive response from the farmers.

    The kind of enthusiasm shown and hunger to know more about mechanization is unparalleled. It was their curiosity that encouraged us to collate all possible data on one platform so that it becomes available for one and all – says Pravin about the response the Khetigaadi team received from the farmers

    Khetigaadi – Competitors

    Some of the competitors of Khetigaadi that have recently entered the Indian market are Tractor Gyan and Tractor Guru.  Khetigaadi however, precisely stands out from the competitors as they don’t just offer buying, selling and renting of farm equipment but also guide them to boost the farmers confidence in decision-making. There are similar platforms in terms of concept but the kind of technology, information and knowledge they offer; is second to none.


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    Khetigaadi – Advisors and Mentors

    Mr. Pravin Shinde’s family and friends have provided rock-solid support in every initiative that he has taken up. The team is also looking forward to on board experienced mentors for guiding them to take up the market, that is increasingly becoming competitive.

    Khetigaadi – Future Plans

    Khetigaadi recently achieved a significant milestone by registering 30 lakh farming communities on Khetigaadi platform. They also have on board 8 reputed tractor brands as clients.

    Going forward their ambition is to provide one single platform for tractor and farm equipment brands where they can sell and service their products alongside assisting them in business development. Khetigaadi’s mission is to connect 10 Million farmers to mechanized ways of farming.In the near future, Khetigaadi will also introduce AI based products.

    Our farmers and the farming community are significant contributors towards the ecosystem and yet are the most neglected ones. Our core objectives are to educate them with right knowledge of farm mechanization, to encourage them to deploy it and optimize yield and of course to empower them with latest farming technology. We are already witnessing a positive difference with our initiatives amongst the farming community – Pravin Shinde, one of the founders of Khetigaadi

    Khetigaadi – FAQs

    What is Khetigaadi?

    Khetigaadi is world’s first destination where one can buy, sell, rent, compare and review tractors and farm mechanization, Khetigaadi is an online platform where one can buy, sell and rent agricultural machinery. They also provide loan and insurance assistance on agricultural equipment.

    When was Khetigaadi founded?

    Khetigaadi was founded in 2016.

    What sector does Khetigaadi operate in?

    Khetigaadi is in Agricultural Products.

  • Chizel – One Stop Platform for Your 3D Printing Needs

    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 Chizel.

    3D printing is the process of making 3 dimensional solid objects from a digital file. A 3D printed object is made through the additive process, where, an object is created by laying down successive layers of material, until the object is finally created. Owing to many benefits like, easy customization and high speed production, 3D printing has reached critical mass and  is now rapidly transforming into a production technology.

    It is used in many fields like braces in dentistry, eyewear, architectural scale models, prosthetics, movie props, designs in lamps or furniture and many more. And if you are looking for these 3D printing services for whatever purpose, fitting you in a budget and that too done in good quality, Chizel Prints has got your back. Chizel helps companies manufacture 3D parts for various purposes at the right cost, with high predictability and low risk and also simplify their supply chain.

    Truventor.ai, an Australia based deep-tech led manufacturing company has acquired Chizel.io. It is a 100% stock deal along with part of Chizel Founders in the Truventor Management.

    Discover the Journey of Chizel along with its Business Model, Funding, founders, Revenue, History, competitors and more.

    Chizel – Company Highlights

    StartupName Chizel
    HeadQuarter Pune
    Founder(s) Name Yash Rane, Ravi Ranjan & Devang Saini
    Sector Manufacturing Tech/MaaS
    Founding Year 2014
    Parent Company Truventor.ai
    Total funding USD 200K (Seed)
    Website www.chizel.io

    Latest News – Truventor.ai has announced strategic Acquisition of Chizel.io
    Chizel – About and How it Works
    Chizel – Founders and Team
    Chizel – Market and Industry details
    How was Chizel Started
    Chizel – User Acquisition
    Chizel – Business Model & Revenue Model
    Chizel – Funding and Investors
    Chizel – Startup Challenges
    Chizel – Competitors
    Chizel – Growth
    Chizel – FAQs


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    Latest News – Truventor.ai has announced strategic Acquisition of Chizel.io

    December, 2020: Truventor.ai, an Australia based deep-tech led manufacturing company has acquired Chizel.io. It is a 100% stock deal along with part of Chizel Founders in the Truventor ai Management.

    Truventor provides an on-demand machine platform for sales and purchase experience through a single integrated platform.  After acquiring Chizel, it has become the Largest Network of Part Manufacturers in India.

    Soumitra Joshi, Founder & CEO of Truventor, says, “We are super excited to announce our entry into the Indian custom manufacturing industry through the acquisition of Chizel. We will leverage Chizel’s extensive batch manufacturing experience in India to deliver better business outcomes for our customers, enabled by intelligent workflows and deep-tech framework.”

    Chizel – About and How it Works

    Chizel is cloud based platform, where a user just has to login, and upload the design. The software looks at the design, uses proprietary manufacturing algorithms to provide instant costing, turnaround time and feasibility analysis. This computation is done simultaneously for various materials and processes, which otherwise if done manually takes 2 – 48 hours. Customer can also place the order of manufacturing through Chizel. Once confirmed, Chizel receives the order and takes complete responsibility to get the part manufactured through their manufacturing partners, ensure quality and deliver it to the customer right at their doorstep. The entire manufacturing workflow can be tracked and managed through a single dashboard.

    Today, every company has a sourcing team because it becomes difficult for businesses to run otherwise. It is okay if you are buying off the shelf listed products, because in that case quality is standard and only thing you need will be at the check cost, at which you are sourcing. However, when you source custom parts, lot of thought process and analysis is done in the identification of suppliers, cost of manufacturing, turnaround time, feasibility, risk analysis etc. This entire workflow is done on call or mails or even spreadsheets by engineers who have only limited know-how of suppliers and manufacturing process. Also, once the order is awarded to a specific supplier, it is difficult to track every step at shop floor. Any deviation in the workflow if not recorded anywhere, can lead to the loss of data and learning as well. There is lack of transparency.

    Chizel 3D printing solves this problem, by a one-stop shop cloud software. With their software a company can get instant quotes, timelines and feasibility of part at click of a button. Once any company finalizes a design and  places an order, Chizel identifies the right partner on the back end who can fulfill the part in given cost, timelines and quality. Chizel underwrites the quality in the entire workflow.

    Customers essentially get solutions for the following case uses from Chizel:

    • New product development
    • Production of parts with annual volume of less than 10K
    • Cross country buyer seller location

    Chizel – 3D Printing

    Chizel – Founders and Team

    Three IIT Roorkee alumni Yash Rane, Ravi Ranjan and Devang Saini founded Chizel in 2014.

    Founders Chizel
    Yash Rane, Ravi Ranjan and Devang Saini

    Yash Rane is the CEO of Chizel. He is an Mechanical Engineer from IIT Roorkee and started his professional career in Automotive Industry (Mahle) as a Purchase Manager. He understands the need of manufacturing parts on-demand. Coming from Techno-Commercial background, he is great at Sales and Marketing for Chizel.

    Ravi Ranjan is the COO of Chizel. IIT Roorkee graduate in Mechanical Engineer, he has 12 months experience working in Oil and Gas Sector (Reliance) as Maintenance Engineer. Working on production, supply chain and engineering, he manages Day-to-Day operations and finances at Chizel.

    Devang Saini is the CTO of Chizel. He is a Civil Engineer from IIT Roorkee but found his passion in Cloud Product development. With 4 years of corporate experience, Devang started ‘Cassetz’ a cloud based music collaboration solution, that brings together musicians from around the world . With 2 years of arduous entrepreneurial background, he is the mind behind Chizel’s software.

    Chizel Team

    Chizel – Market and Industry details

    The entire workflow that Chizel operates in is called on-demand manufacturing. The market of on-demand manufacturing is already there, it is just fragmented and traditionally done. India’s manufacturing market size is $300 billion and it is poised to become $1 trillion by 2025. This 300B dollar is further distributed into 24 categories.

    However, Chizel is currently focused on engineering component manufacturing highlighted in red above and anticipate it to be USD 360B globally.

    How was Chizel Started

    In the 3D printing startup space, Chizel has spent almost 5 years in the business now, but when they started, they wanted to build Etsy for 3D printing, where they acted as a B2C e-commerce platform selling customizable 3D printed lifestyle product. They made great design products. Unlike any other e-commerce Chizel never had any inventory. They used to manufacture the parts only when orders got placed. Within 2-4 days of placing the orders, the part would be ready to be delivered. Chizel had lot of 3D printing machine shop partners who manufactured the part for them. But struggled with getting consistent quality out of 3D printers and the price points of 3D printed parts left them only selling to top of the pyramid i.e. the rich class of customer base. In 2016 late, they discontinued the same and it changed their entire business model.

    Now, while they had 3D printing partners, Chizel realized that they have a very good sourcing and engineering know-how of 3D printing manufacturing. They wanted to build a cloud platform where they could help other B2B companies to access this network and get engineering value added. They started building it, launched the beta in 2017 December and when it launched, customers liked the entire offering but they asked for more manufacturing processes and not just 3d printing, as it is just one way to make a part. To meet the customer demand, Chizel has now also ventured into CNC Machining, Vaccum Casting, Injection molding and sheet metal fabrication. Besides, they also supply materials for manufacturing of parts.

    We experienced the problem of product designers, engineers and procurement officers that it is too difficult and time consuming to find the most optimal solution for their need of part manufacturing. They spend days sending the RFQs, waiting for feedback, discussing feasibility for productions. Also, given the number of processes, materials available, and suppliers available engineers are not always fully aware of complete manufacturing know-how and Total cost of manufacturing (including risk analysis). The entire process is inefficient and slow, reducing the turnaround time and leads to poor inventory management.


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    Chizel – User Acquisition

    Chizel’s customers come from diverse sectors like medical devices, automation and robotics, special purpose machines, automotive, pharmaceuticals and many more. Considering the scale, Chizel have – Startups, SMBs and enterprise as three pillar categories.

    For first 100 customers, Chizel focused only on Startups and SMBs as they are always short on hands to work. Sourcing and manufacturing expertise for customers becomes a very special USP that no one else does. For first 100 customers, spending time with them, understanding there real problems are very important, as done by people at Chizel. Chizel launched initially with outbound sales approach purely and are identifying channels to scale further.


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    Chizel – Business Model and Revenue Model

    The Chizel business model works on a pricing model for markup on sourcing cost. They add markup purely depending on dynamic parameters like part size, volume, material, criticality, turnaround time, suppliers availability etc. and the gross margins varies from 2% to 25%.

    Chizel – Funding and Investors

    In May 2018, Chizel raised a seed funding of USD 200K from GSF Accelerator.  

    Chizel – Startup Challenges

    Irrespective of industry, the most challenging task is hiring the right team.

    we still do not have right recipe to hire right people, but definitely we spend more time in evaluating them. Because once onboarded, going back takes lot of time and energy – says Yash Rane

    Chizel  gets people for 2 months on an internship period arrangement. And if they are highly impressed by the interns they get them on-board as a full time member.


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    Chizel – Competitors

    Chizel is highly motivated by the global competitors like Xometry and 3DHubs. They are in more mature market which makes technology adoption easy for their customers and suppliers.

    Being in Indian market, for us how we develop our technology to deepen its penetration will be key, hence we are building our software from ground up and from scratch. Which means we own the entire experience, there is no third part API dependency. We also have far more better control over the DATA security ensuring privacy of our customers.

    Chizel – Growth

    Chizel has been successful in craving a niche for itself in mechanical component manufacturing sector. Besides startups and SMBs, the company has well known brands such as Volvo, Capgemini, Funskool, Eaton, Thermax, Mahindra automobiles, Lam Research etc as its client.

    Our long term vision is to continue make a world digitalized and more efficient and augmenting man-machine interactions. For now, we are more focused on improving the workflow and interaction between manufacturing machines and engineers, procurement managers. Anything in between this, we aim to automate.

    As of 2018, Chizel’s valuation stood at $1 Million with Revenue around $118k as on Dec 2017.

    Chizel – FAQs

    What is Chizel?

    Chizel helps companies manufacture 3D parts for various purposes at right cost, with high predictability and low risk and also simplify their supply chain. It is trusted source for batch production and rapid prototyping services in CNC machining, sheet metal fabrication, 3D printing & injection molding

    Who are the Founders of Chizel?

    Yash Rane, Ravi Ranjan and Devang Saini founded Chizel in 2014.

    Who are the Top Competitors of Chizel?

    Chizel is highly motivated by the global competitors like Xometry and 3DHubs.