“Rules of Hiring #1: If there is doubt, there is no doubt. Rules of Hiring #2: Always hire people who are smarter than you.”
-Sachin Bansal, Founder of Flipkart
Shashank ND | Inspiring Indian Quotes
“Never hire someone to do your initial sales. In fact you should acquire your first hundred customers yourself”
Quoted by- Sashank ND, Founder of Practo
Abhishek Goyal | Inspiring Indian Quotes
“Raise money from investors who are more excited about the BUSINESS or MARKET than the TEAM. They can help discover amazing opportunities”
Quoted by- Abhishek Goyal, Founder of Traxcn
Kunal Shah | Inspiring Indian Quotes
“I strongly believe all students should have a startup during college. Doesn’t matter if successful or how big or small. Worst case scenario it will make them 10x better employee than someone with no exposure to how a business works”
“If you fully accept the worst that can ever happen in your journey, fear won’t ever be an obstacle in starting-up”
Quoted by- Kunal Shah, Founder of Freecharge
Kunal Shah is the founder of FreeCharge, which recently got acquired by Axis Bank for $60 million. Before that, Snapdeal had acquired FreeCharge in the year 2015 for about $400 million. He has done his MBA from Narsee Monjee Institute of Management Studies and studied at Wilson College, Mumbai.
Girish Mathrubootham | Inspiring Indian Quotes
“Building a company is similar to building a product. Culture is the UX for employees & Support is the UX for customers.”
“Don’t be a jerk! Even if you are brilliant, don’t be a brilliant jerk.”
Quoted by- Girish Mathorrobootha, Founder of Freshworks
Girish Mathrubootham is the founder of Freshworks which is a software-based service company. Prior to this, he was the VP of Product Management at ZOHO Corporation.
Rahul Yadav | Inspiring Indian Quotes
“There is no secret ingredient. To make something special you just have to believe it’s special.”
Quoted by- Rahul Yadav, Founder of Housing
Shradha Sharma | Inspiring Indian Quotes
“It’s a long long road. Sometimes all you need are people who pat your back and say, carry on. Thank you to everyone who encourages.”
Quoted by- Sharaddha Sharma, Founder of Yourstory
Ritesh Agarwal | Inspiring Indian Quotes
“Building predictability on top of market place economy is how new age businesses will get built. Super excited”
“It is extremely important to build something that a 100 people absolutely love using rather than making something that a 1000 people would just, kind of, like.”
Quoted by- Ritesh Agarwal, Founder of OYO
Ritesh Agarwal is founder of OYO which is India’s largest marketplace for branded and budget hotels. OYO Rooms worth over $1 Billion. He began working on the project in 2012. Agarwal started his venture in Gurgoan and it is now spread in 230 cities in India and also in countries like UAE, Nepal, China and many others.
Kunal Bahl | Inspiring Indian Quotes
“Scale is important for a startup. Think big, but take one day at a time.”
Quoted by- Kunal Bahl, Co-Founder of SnapDeal –
Co-founder of Snapdeal, Kunal Bahl, did his schooling from Delhi Public School, R.K. Puram and went to Wharton School of Business, University of Pennsylvania. He and his friend Rohit Bansal launched this Indian startup in 2010. He worked with Microsoft at the beginning of his career. Today, his e-commerce platform is a huge success and is competing with Amazon and Flipkart.
Deepinder Goyal | Inspiring Indian Quotes
“The fundamental model of our business is that in mature markets we should make profits and they shouldn’t need any more outside money to grow.”
Quoted by- Deepinder Goyal, Founder Zomato
“If you want to walk fast, walk alone. But if you want to walk far, walk together.”
“I don’t believe in taking right decisions, I take decisions and make them right.”
Quoted by- Ratan Tata, Chairman of Tata Group
“However big or small, make it a good business, make it a clean business, make it a business you are very proud of.”
“Today I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself”
“It is important to achieve our goals, but not at any cost.”
Quoted by- Mukesh Ambani, CEO & Chairman of Reliance
“If people are not laughing at your goals, your goals are too small”
“Leadership is the self-confidence of working with people smarter than you.”
Quoted by- Azim Premji, Chairman of Wipro
“Whether ecommerce companies make money or not, these logistics companies make revenue which is guaranteed for them by ecommerce transactions.”
Quoted by- Arvind Singhal, MD of Technopak
Arvind Singhal is graduate from IIT Roorkee and did his MBA from UCLA, USA. It is India’s leading Managing Consulting firm focusing on retail, consumer product, fashion-textiles and apparel and many more.
“The trade market is the place with the least scope for emotions, especially of fear and greed.”
Quoted by- Rachit Chawla, Co-Founder of Finway Capital
Rachit Chawla from Aston Business School has done his Bachelor’s in Commerce. He is the co-founder of Finway Capital. Finway Capital talks about loan funding. It funds people and helps creating wealth and give personal loans and insurance.
“Entrepreneurship is akin to riding a dragon – there are more ups and downs than you can ever imagine. But every challenge on the way only makes you stronger, and every failure only bears new learnings.”
Quoted by- Yatin Hans, Founder of Bigsmall
Yatin Hans, Bigsmall.in which promotes gifting culture in India. It gives unique and fun gifts to the Indian public. He has done his schooling from Heritage School and B.Com Honours from Delhi University. He later went to ESADE Business School to complete his Masters in Marketing.
“Human capital is the most precious of all forms of capital available”
Quoted by- Ajay Ramasubramaniam, Ryerson Futures Inc.
Ajay Ramasubramaniam, Director of Zone Startups, is promoting Indian operating system as well as initiatives including corporation innovation programs and thematic accelerators and has raised around Rs. 150 crores. He has done his MBA from Mumbai University in Finance and Marketing.
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 Repos Energy
Founders of Repos Energy, Chetan Walunj and Aditi Bhosale Walunj, being petrol pump owners themselves were quite aware of the inefficiencies that plague the logistics model of the industry. They wanted to eliminate these efficiencies and consequently pass on the value that is generated to the end consumer. Thus, was the born of Repos Energy. They noticed that the traditional way of procuring diesel was not only making hassles for the businesses but also created a big menace for the environment.
Ratan Tata backedRepos energy is creating a sustainable ecosystem for the fuel distribution of India. Repos Energy have a vehicle as a product – the Repos Mobile Petrol Pump (RMPP) which helps the secure and smart delivery of diesel.
StartupTalky interviewed Aditi Bhosle Walunj (Founder of Repos Energy) to know the Success Story of Repos Energy along with getting a glance on Repos Energy Business Model, Founders, Funding, How it Started, Revenue Model, Growth & more..
January 2021 – Tata Motors and Repos Energy holds Energy Startup Summit 2021 to bring a “revolution” in India’s energy distribution system.
Repos Energy – About and Vision
Repos energy is creating a sustainable ecosystem for the fuel distribution of India. It has created an e-commerce platform where diesel consumers and delivery partners can get connected easily and be a part of a secure and transparent transaction.
Repos Energy also have a vehicle as a product – the Repos Mobile Petrol Pump which helps the secure and smart delivery of diesel.
Repos Energy
Repos Energy believes in more than just delivering diesel on the doorstep. It tends to create a healthy environment to live in and making one realize that they have infinite possibilities of being. Everyone in Repos wants to change the world for the better and make this nation a happier and prouder place to be.
Long term vision – Redefine Energy distribution around the globe and Explore new avenues: LPG, CNG, Hydrogen fuel cell, Electric etc
Short term vision – Ensure energy security for each and every individual in India; Farmers, Industries, Healthcare etc
Repos Energy is driving its force in the energy sector. The tables below indicate the market size and market share of Repos Energy. It believes that in next 5 years, Energy distribution models are going to change and consumers will get energy at the doorstep.
Market Size (India)
HSD Consumption
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
Annual (MMT)
84
88
93
98
103
109
Daily (litres)
258,506,849
272,724,726
287,724,586
303,549,438
320,244,657
337,858,113
Daily (Crore litres)
26
27
29
30
32
34
AMOUNT
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
INR
₹6,604,850,000,000
₹6,968,116,750,000
₹7,351,363,171,250
₹7,755,688,145,669
₹8,182,250,993,681
₹8,632,274,798,333
INR (Crores)
₹660,485
₹696,812
₹735,136
₹775,569
₹818,225
₹863,227
USD
$88,064,666,667
$92,908,223,333
$98,018,175,617
$103,409,175,276
$109,096,679,916
$115,096,997,311
USD (Billion)
$88
$93
$98
$103
$109
$115
Repos planned market share
Year
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
RPP
32
320
3,200
9,600
19,200
32,000
Daily HSD Volume (Litres)
160,000
1,600,000
16,000,000
48,000,000
96,000,000
160,000,000
Volume % (National consumption)
0.06%
0.59%
5.56%
15.81%
29.98%
47.36%
INR (Crores)
₹409
₹4,088
₹40,880
₹122,640
₹245,280
₹408,800
USD (Billion)
$0
$1
$5
$16
$33
$55
SOURCE: PPAC (Petroleum Planning and Analysis Cell)
Repos Energy – Founders and Team
Chetan Walunj (Engineer) and Aditi Bhosale Walunj (Forensics) are the founders of Repos Energy.
Chetan Walunj, Aditi Bhosale Walunj – Founders Repos Energy
“It didn’t take much time to onboard Aditi. Ever since we got married, we have been dabbling in between our restaurant and the retail petroleum outlet. Although there was always one consistent goal which was to make a difference! – Says Chetan Walunj (Founder of Repos Energy)
Chetan Walunj majorly looks after sales & Aditi Bhosale Walunj handles the marketing side of the business
Repos Energy Team
Repos Energy – Product/Services and USP
The Repos Mobile Petrol Pump (RMPP) is Equipped with best-in-class technology like the Internet of Things (IoT) and Artificial Intelligence, Repos Mobile Petrol Pump is a futuristic vehicle, all set to support Businesses.
The RMPP is a wondrous innovation of the IoT (Internet of things) technology and uses an in-house built IoT controller to make sure that it delivers diesel in the most efficient, safe and secure way. The features like Brake Interlock, Double Dispensing Unit, Geo Fencing, etc.,
The RMPP is the most efficient, secure and reliable way of procuring diesel. It solves all the problems of the traditional way of diesel procurement like dead mileage, spillage and pilferage.
There was always a fire in Chetan & Aditi. A fire to aid people and change the world for the better. They always wanted to do something big which would bring some perspective to this world.
One day, they saw this persisting and traditional problem of fuel procurement, well, they took it up and decided to change it for the better. Chetan and Aditi noticed that the traditional way of procuring diesel was not only making hassles for the businesses but also created a big menace for the environment.
“Just when one such day we were dealing with continuous calls for diesel requirements from our retail outlet, a notification popped on my screen reading ,”Your order has been delivered” and that was our eureka moment!” – recalls Aditi
Initially, when Chetan and Aditi approached their friends and family, they were claimed to be not thinking straight! Founders being petrol pump owners themselves were quite aware of the inefficiencies that plague the logistics model of the industry. They wanted to eliminate these efficiencies and consequently pass on the value that is generated to the end consumer. Thus, was the born of Repos Energy
Ideation, Designing, Prototyping: RPP
CurrentRMPPwent through multiple iterations to make it safe, efficient, and user friendly which would enable transparent transactions thereby eliminating inefficiencies (dead mileage, spillage, pilferage, leakage, etc.)
Repos Mobile Petrol Pump
Repos Energy – Startup Launch
Initially, nobody knew about a Mobile Petrol Pump. People used to call them Bowsers. So Chetan and Aditi (Founders of Repos Energy) started out by researching their target audience. As the business is based on B2B model, they could research better in a concise format.
For the sales of the Repos Mobile Petrol Pump (RMPP), they studied the geography of the target group i.e., The Retail Petrol Pump Outlet owners. Chetan and Aditi pitched them the new technology, legality and the superior quality of of the product, thereby gaining the trust of the dealers.
For the consumers i.e., who brought diesel from Repos’ application, founders pitched them the experience. With the easy, efficient and transparent delivery of the diesel at their doorstep, Repos Energy got some traction quickly.
One of the major challenge faced by the startup was the Government regulations. But after a point of time, things sorted as they were able to convince the government that this business model was sustainable and had a power to generate employment, leading to the contribution of the nation’s growth.
Founders of Repos Energy have always believed in the power of YES and positivity. Everythingis possible if one has the positive will to fulfill dreams.
Thus, it had to be RElentless POSitive – REPOS. Energy can neither be created nor be destroyed. It only keeps flowing. Thus they symbolized the same in the Repos’ infinite loop
Repos Energy’s Tagline is ‘Fuelled by Yes”
Repos Energy Logo
Repos Energy – Business Model
Repos Energy works on B2B & B2C business model. It Bridges the gap between supply and demand.
Repos Energy’s revenue model is simple. It charges commission from the end consumers on the basis of distance, time and quantity of diesel required. The Pricing will be calculated by an algorithm developed by Repos Energy (Platform)
Repos Energy – Funding and Investors
Repos Energy has been funded by Chairman Emeritus of Tata Sons, Ratan Tata.
Repos Energy is much more than just being about the sales and the numbers. When COVID-19 hit and the team realized about the situation of migrant laborers, everyone in the organization jumped in and decided to raise funds, make ration kits and go deliver them personally.
We called that campaign ‘Lend A Hand’ and that was by far the most successful campaign we ever conducted.
Repos Energy – Growth
Repos Energy is spread across India – more than 130 cities, more than 500 partners, more than 5000 consumers.
Repos Energy has a market share of more than 50%
Its plan for next 1-2 years is to develop a network of more than 19000 partners across India
Repos Energy is growing at a pace of 10X every year: 32-320-3200 and so on
Fuel buddy, My petrol pump, Humsafarare the Top Competitors of Repos Energy.
Tools used by Repos Energy to run the Company
CRM (ZOHO)
ATS (Applicant tracking system)
G-Suit
Knowlarity
WinSMS
Zoom
SendinBlue
WordPress
Unbounce
Repos Energy – Recognition and Achievements
Mrs. Aditi Walunj (Founder of Repos Energy) has delivered a TED talk.
Repos Energy – Future Plans
Repos Energy recently launched a new campaign called the VOICE OF INNOVATION and in which they launched a new model of the Repos Mobile Petrol Pump – VO ALPHA. There are new features like Double Dispensing Unit. Repos Energy plans to grow PAN India and go global too.
Repos Energy – FAQs
Who are the founders of Repos Energy?
Chetan Walunj and Aditi Bhosale Walunj are the founders of Repos Energy.
What is mobile petrol pump?
These mobile Repose Energy petrol pumps can deliver fuel to the customers through a mobile application
What is Repos Energy?
Ratan Tata backedRepos energy is creating a sustainable ecosystem for the fuel distribution of India. Repos Energy have a vehicle as a product – the Repos Mobile Petrol Pump (RMPP) which helps the secure and smart delivery of diesel.
Who are the competitors of Repos Energy?
Fuel buddy, My petrol pump, Humsafarare the Top Competitors of Repos Energy.
The car sales in India in 2021 for the month of April and partial resumption of operations in May, the coronavirus pandemic coupled with the 18-month lockdown was a major pulldown for the Car Industry’s income for this monetary year. However, with the launch of Covid 19 vaccine the businesses have gradually increase pace as car manufacturers has notices a moderate growth of car sales in India, January 2021.
Moving forward, the restoration majorly is based upon the unfolding of the contagion. But OEMs are pinning their hopes on pent-up patron names for the easing of lockdown regulations and the imminent festive season. The dealers, have in a huge part dusted off its palms over the BS-IV inventory, besides a minimum quantity left stocked on the dealerships in containment zones of city cities.
India’s biggest carmaker, Maruti Suzuki India Limited (MSIL) income fell throughout the segments. While mini automobiles mentioned a 40 % decline, income for compact automobiles. Homegrown automaker Tata Motors announced in April that it has resolved to record quarterly income data, each in wholesale and retail, as a substitute rather than following the enterprise exercise of sharing it on a month-to-month basis. The automaker as a consequence mentioned a 61% dip in home income at 14,571 devices in Q1FY21.
Passenger Vehicle Market Share- India
Shailesh Chandra, President, Passenger Vehicles Business Unit (PVBU), Tata Motors, supported a steeper healing of retail in car sales in June 2021.However, retail became extra potent than wholesales through 27%.The corporation additionally offered 328 EVs later in the area. For Hyundai, launches of Creta, Verna, Aura contributed to the growth inmodel wise car sales in India 2021. Maruti Suzuki, Tata Motors and Hyundai continue to be the top three highest selling vehicle manufacturers in the country in January 2021 and car sales statistics of 2021.
Two-wheelers sales in India 2021
World’s biggest wheeler maker The Hero Moto Corp is now the top two wheeler manufacturer in India in January 2021. The company sold 4,67,776 units, while Honda comes at the second place as it sales increase to 4,16,716 units with a 11.39% volume increase. TVS motor company is in the third places 2,05,216 units were sold with an increase of 25.89%. While Bajaj Auto has also announced that it has now sold 3,84,936 two wheelers in the month of January 2021. This is a direct growth of 16% in terms of overall two wheelers sales.
India’s biggest business automobile producer Tata Motors’ general CV income (domestic + exports) crashed 90% to 10,476 devices in Q1FY21 as in competition to 1,00,357 devices throughout the equal duration in FY20. As the United States moved to the unfastened up phase, all flowers started out out operations from the stop of car sales in May 2020 and ramped up manufacturing regularly as elements availability improved. Retails modified into 67% within the returned of wholesales due to the fact of negligible beginning stock on the sellers and muted name for.
Indian Automobile Market FY2020
Maruti Suzuki
Maruti Suzuki is the India’s country’s car manufacturer, Maruti Suzuki witnesses sales of 1,39,0002 units in January 2021 as compared to 1,39,844 unit sales in the same period last year with an 0.6% increase in sales. The top 2 key contributors for Maruti Suzuki in January 2020 were the Alto (18,260 units), Swift (17.180 units) and the Wagon R (17.165 units).
On the UV front, the Vitara Brezza bought 1,10,641 gadgets, down 30 % over FY2019. Maruti concluded its transition to BS6 shunning diesels, with the diesel-handiest Brezza receiving Suzuki’s 1.5-liter petrol in early February. Combined with the S-Cross, Ertiga, and XL6, Maruti’s basic UV portfolio noticed an 11% drop in income to 2,35,298 gadgets, but the decline become cushioned through manner of approach of a superb reaction to the Ertiga (90,543 gadgets, up 39 %).
Hyundai
India’s second biggest carmaker in 2021 recorded a 11% declinein model wise car sales in India 2020. Hyundai’s typical the front runners similar to the i20 (1,08,091 devices, down 23 %), the Grand i10 – which include the emblem new Nios – (99,592 devices, down 21 %), and the Creta (82,074 devices, down 34 %) couldn’t get away the slump. The company however, has witnessed a healthy 23.8% growth with 52,005 unit sales in January 2021, which compared to January 2020 was only 42,002 unit sales. The top 3 cars sold by January 2021 the Creta with 12,284, Venue (11,779 units) and the Grand i10 at (10,865 units).
In the Fiscal year 2020 became tough for homegrown carmaker Mahindra & Mahindra due to the fact that it observed a 26 % decline in income. Volumes of its maximum seller, the Bolero, dropped 30 %, during the same time the Scorpio observed a 18 % decline.
In January 2021, Mahindra continues to grow significantly as it has registered 4.8% growth in January 2021 with 20,498 unit sales as compared to 19,555 units sold in January 2020. The top three most sold Mahindra cars are Bolero (7,567 units), XUV300 (4,612 units) and last but not the least the Scorpio (4,083 units) are the main key contributors to the overall sales.
The automaker has simply released the BS6 Bolero, and has the BS6 Scorpio in the making, each of that could prop up numbers as quickly as income resume. The release of the XUV500 and the rollout of its new medallion petrol engine very own circle of relatives in FY2021 ought to assist generate buzz and momentum throughout the emblem.
Tata Motors
The company has recently witnessed 26,980 unit sales as compared to 13,893 unit sales of 2020. The company has grown 94.2% growth in January 2021. The top three sellers of Tata motors are Nexon with 8,225 units, the Altroz 7,378 units while the Tiago with 6,909 unit. What is not surprising is that Nexon has registered its highest ever sales milestone in India last month.
CashKaro is a one stop destination for savings on all online shopping, enabling members to compare prices on different websites, earn extra cashback and get free coupons across 1000 plus ecommerce sites like Amazon, Flipkart, Snapdeal, Paytm, Myntra, etc. With over 2 million registered users, Cashkaro is India’s largest cashback and coupons site backed up honorable Mr Ratan Tata and Kalaari Capital.
CashKaro offers a casual but fast paced environment where creativity and effective teamwork are rewarded. Founded by Swati and Rohan Bhargava in April 2013, the company helps new brands to be promoted to relevant engaged audience who are online shopping savvy and helps them put on the radar amongst online shoppers. It is free to be listed on CashKaro.
When you visit CashKaro, you can visit the website of your choice, and shop normally for which the cashback will be auto applied on checkout. The retailer pays us commission for every sale, and we give you Cashback from this. Featured on over 50 news sites in India and UK. India’s fastest growing Cashback site. It is among Asia’s top 25 start-ups to watch out for, as featured in Tech in Asia.
CashKaro App is the easiest use of smartphone users and is available on both playstore and iOS for android and apple users. The app has more than 1 million users that have downloaded the app on their android devices. For using CashKaro App you must need to download it from playstore or Apple Store. Then install to you phone.
Now open the app and register if you’re a new user else you sign in with your details.
You can register through your Facebook Id or Email Id and Password.
After registering or signing in go to home. Then you can see offers and deals. Then choose any offer and buy or recharge to getting your cashback.
All cashback of you earn will show in your Earning section. Then you can withdrawal easily through your bank account.
Some of the CashKaro competitors are:
The competitors of Cashkaro
GoPaisa
GoPaisa provides the Indian online shoppers with an aggregated offering that helps you find great deals while also saving big bucks. GoPaisa co-founders Aman JainandAnkita Jain built this platform with smart cashback options, coupon offers, deals and discounts, a great shopping experience for anything, be it holidays or electronics.
On GoPaisa the online retailers are able to leverage the platform to promote their latest deals, promo codes, coupons and discounts while consumers are able to benefit from great savings while shopping online. They partner with renowned e-retailers like Amazon, Flipkart, Dominoes, Myntra, Jabong, Makemytrip, Pepper fry to bring the best possible deals to its customers.
After registering on GoPaisa users would earn attractive discounts along with cashback on purchases. Online cashbacks get auto credited to user’s wallets after partner retailer websites confirm the successful completion of purchases. However, use of these discount deals would cancel GoPaisa cashback as only one offer can be availed at a time.
GoPaisa follows a transparent system that allows redemption of the credited amount, in other words, cashback, immediately upon receiving it across varied platforms. The amount can be used to recharge mobile number or DTH Connection or pay bills for electricity, water and makes payments at partner websites. Furthermore, there is an option of bank account transfer.
The company was founded in 2013 by 5 people and more than 4000 Merchant Partners and counting. GrabOn is a trusted brand and an affiliate e-commerce scene in India. They are known for maintaining high quality standards through our unique user interface and user experience.
How to avail offers on cashback sites
On GrabOn you can get the most authentic and updated coupons and deals making the company a top player in the coupons and deals industry. The CNBZ Awaaz called the company as the Internet Heroes thus recognizing them as one of the most successful E-commerce affiliated startups. They have a strategic B2B partnerships with a strong network in the IT sector which has benefitted not only GrabOn but also its affiliates.
It has been able to save the amount of Rs. 4,389,334,560 for its customers. Through the companies business partnership programs, it helps a company increase its revenue, create brand awareness and expand its reach. Our network includes a wide range of merchants and strategic companies and our aim is to cross-promote each other in providing the best deals to the end-consumer.
The motivation of IndianCashback is to promote the ecommerce branch on internet and to make it familiar to the common people because they believe that the cashback service which will be more useful for a deep reach. IndianCashback works with most giants of e-commerce marketing as it promotes their products and the customers also get Cashbacking.
Since IndianCashback works as promoters of merchants, they get commission for the business done through us, and then transfer the big percentage back to you, that means more savings for you at each buy. Because of this reason, you are getting your cashback savings over merchant given offers. Indiancashback transfers your cashback as money, directly to your bank account.
The process of most cashback companies
IndianCashback has a team consisting marketing experts, programmers, skilled designers, market analysts coordinated under experienced management team. IndianCashback is the India no 1 Cashback and coupons website where can save a lot on your online shopping. All the customers have to do is join IndianCashback for free, go to a retailers via us and shop at 600 plus online partner shops.
The cashback is added within 7 hours as it remains Pending status until the retailer pays. As soon as the company gets the commission from retailers we change the status of your Cashback, Pending to Confirmed state which usually takes 4-10 weeks. When you have Rs.200 or more as confirmed cashback in your account, you can request payment at Request Payment page and we transfer the money to your bank account for free via NEFT or CHEQUE.
The company was founded in 2011 and is the pioneer in the Indian Cashback and discount coupons market and has been recognized as a leading innovation in online shopping space in the Indian market. The goal of Pennyful is simple, which is to create a unique shopping experience for their customers where they can earn back some of the money they spend.
The company pays its customers to shop. The key distinguishing factor at Pennyful.in is that it offers real cash back to shoppers who shop at any of its affiliations. On the online partner stores through its site while helping them discover amazing offers and products. Supported by an excellent customer support team, Pennyful.in gives its users various options of buying flight tickets, electronics, apparels and accessories, books, gifting ideas, shoes etc.
The company boasts of partnerships with over 500+ merchants including names like Flipkart, Snapdeal, Amazon, Alibaba and Paytm among others. All consumers need to do is start their shopping at Pennyful.in to earn real cash rewards and discounts. On 17 January 2015, Pennyful also launched its price comparison and product discovery tool for Amazon, Snapdeal and Flipkart, making it the first Indian cashback website to deliver such a service.
The Tata Group has already made its super-application desire open for public in August. Walmart investment in Tata group is presently in the news with the investors for stakes in the digital media, legitimately taking on Jio and the web-based business platforms such as Amazon and Flipkart. As per the news of Walmart investment in Tata group by Bloomberg, it is taking an eye at getting monetary or strategic consultants, and Tata Sons is apparently hoping to unite its digital platforms and make another institution.
This exclusive information of Walmart investment in Tata group has been released by Reliance Industries Ltd, which is authorized by the richest person in Asia, Mukesh Ambani. He apparently accumulated over $20 billion from various investors such as Facebook, Alphabet’s Google, KKR and Co and Silver Lake Partners. He made this possible by selling the stakes in its digital business Jio Platforms. According to the progressing conversations among about the Walmart investment in Tata group, the super app could be dispatched as a joint endeavor among Tata and Walmart, which will empower utilizing on the collaborations between Tata’s web-based business and Flipkart.
The Walmart investment in Tata group presents the ‘super app’, which targets to make a computerized administrations behemoth offering a wide scope of items in the market space. A super app is a solitary application that provides a varied scope of aids. These services range from food, money related solutions, computerized administrations, and academic training, among others. They have focused on a developing populace of well informed customers, tempting them with concessions, free returns and simple trades.
This app from Walmart investment in Tata group is regarded as an idea is more or less famous in Southeast Asian nations where other applications, for instance, Grab, GoJek and Meituan are also broadly utilized by the people there. The business of Walmart investment in Tata group is probably going to be facilitated under the Tata Sons auxiliary, where it alongside Tata’s other retail channels such as Tata Cliq, StarQuik, Tata Sky, Tanishq and Croma, which is going to get converted into one app.
As per the continuous talks about the Walmart investment in Tata group, the new advanced stage business is proposed to be controlled by Tata-Walmart together, and there could be more international financial investors roped in too. Goldman Sachs has been assigned as the venture financier by Walmart for the proposed exchange, as has been reported by one of the anonymous source.
More About The Unity
Walmart’s Investments
To add more, it has been accounted that the Walmart group is already having talks with the Tata group for planned-investments in the business, “Tata group share is in talks with Walmart for a deal entailing a strategic Walmart investment in Tata group share in the super app platform business. The Walmart investment could touch up to $20-25 billion eventually for a large stake in the proposed super app that is about to be hosted under a Tata Sons subsidiary”, according to the sources reported by Mint. This investment is apparently going be bigger than the investments made by Walmart in Flipkart for a authorizing stake, which summed up to $16 billion.
The super app from the Walmart investment in Tata group share has already been planned to get dispatched in India in the month of December or January. It will then unite Tata’s shopper business under one channel offering a wide scope of items in the market space, as per the information by Mint. The things that will be included in the offering medical care, food and staple requesting, protection and budgetary services which also including style, way of life, gadgets, over-the-top administrations, instruction and bill installments, etc.
Tata’s purchaser organizations incorporate the brand Titan, which is primarily the brand for watch and jewelry, Trent. Portions of shares from Tata Consultancy Services, Tata Motors and Tata Steel increased over 1% each, with TCS the top lift to the Nifty 50 list. Tata Consumer Products generally offers tea, coffee, water, salt, lentils, spices, ready-made things to eat, sugar, and few such things to sell. Titan Co. Ltd. fabricates and markets design adornments, for example, watches, jewelries and eye-wear.
Walmart Investment in Tata Group
If this deal becomes a success by the Walmart investment in Tata group, it will top its shares in Flipkart, for which the U.S. based organization had already paid $16 billion for a 66% stake. Juxtaposing with platforms like Jio or Amazon, Tata groups is having the biggest establishment of its own marked items that are offered to retail clients.
This is the latest news from Walmart investment in Tata group share. We will also keep you updated more about this information as soon as the news is out in the air. So, stay tuned to get updated about super app India as this is the latest Walmart investment in India.
Today, Ratan Tata needs no introduction as he is the most respected business tycoon in India. He is an Indian industrialist, philanthropist, former chairman of Tata Group and Tata Sons. Post his retirement in 2012 he has turned into an avid angel investor who has left an everlasting impact. He is well-known for investing in some of the most successful startups today.
So far, Ratan Tata has invested in over two dozen startups, including top unicorns of India, like furniture e-tailer Urban Ladder, digital payments app Paytm, ride-hailing company Ola and its electric vehicle arm Ola Electric Mobility, Cure.fit, Urban Ladder, etc. His investment may only be a few million dollars, according to industry sources, but what’s invaluable is having the 81-year-old tycoon’s name attached to a young startup.
So, how Ratan Tata: the accidental startup investor turned into an avid angel investor? Let’s take a look.
Name
Ratan Tata
Born
Surat, India
Age
82
Citizenship
Indian
Education
Cornell University College of Architecture, Harvard Business School
Title
Indian Industrialist, Philanthropist, and a Former chairman of Tata Sons
Occupation
Businessman
Net Worth
Rs. 6396 Crore
Awards
CNN-IBN Indian of the Year in Business, Padma Bhushan, Padma Vibhushan
First Investment made by Ratan Tata
The 81-year-old also said that he became a startup investor by accident. He added that he used to look at the sector as exciting always but somewhat untouchable. Tata further mentioned that with two-three years into the sector, it has become a learning experience for him as he got to learn many aspects regarding investment in startups.
The business magnate, better known as the ”Accidental Startup Investor”, was always interested in the startup ecosystem. He mentioned that his tenure as the chairman of Tata Group as this sector meant conflicts if he would take up any entrepreneurial assignment. But once Mr. Tata retired, he wasted no time in becoming a full-time investor through his private investment vehicle—RNT Associates.
Ratan Tata said that when he retired, at first he started making small token investments in what he considered exciting companies. He admitted that in the beginning, he intended to take some more risks than he might have taken under different circumstances. With two-three years into this, it became a learning experience, as this sector is very active and has the best minds.
The first investment he made was in Snapdeal in 2014 which yielded great results. The CEO of Snapdeal, Kunal Bahl, has high regards for Ratan Tata and considers him to be a lucky charm for Snapdeal. He is believed to have bought a 0.17% stake in Snapdeal in August 2014, when he invested less than Rs 5 crore. Tata bought 256 shares from the e-commerce company’s angel investors, including Kenneth Glass.
Other Investments made by Ratan Tata
Following this, he has invested in 31 startups. After Snapdeal, the online furniture retailer Urban Ladder secured funding from Ratan Tata in November 2015. It was Tata’s second personal investment in an e-commerce firm. It is a popular furniture selling platform based in Bengaluru. It is currently present in 12 cities around India.
Paytm, a Noida-based digital-payments company saw an overnight jump in subscribers by millions, after Demonetization of announced by the government on November 8, 2018. The company had secured an undisclosed amount of funding from Ratan Tata in March 2015. Tata bought a stake in One97 Communications, the parent company of Paytm.
Ola Cabs is India’s answer to Uber. Much like Uber, Ola provides cab services across all price segments, ranging from economic to luxury. Beginning its operations in 2010, Ola secured funding from Ratan Tata in July 2015.
Ratan Tata is the first Indian to buy a stake in Chinese tech giant Xiaomi best known for its affordable smartphones. It’s true, the amount Tata invested in Xiaomi was not disclosed. Similarly, services marketplace UrbanClap raised an undisclosed amount in funding from Ratan Tata in December 2015. In April 2016, Lenskart, the popular online retailer that sells eyewear secured funding from Tata.
Ratan Tata has invested in More than 30 Start-ups
Tata, while referring to the growth of budding startups said, “We are looking at the India of tomorrow and the day after, and the start-up industry is entering the global field in a manner where competition is open. The fact is we (Indians) are entrepreneurs at heart. Maybe what we need is the opportunity to flourish and I think the startup industry is doing just that.”
Ratan N. Tata has invested in over 30 startups. Among these, there are several technology-based startups too. Tata has made all these investments in his personal capacity. Ratan Tata has not restricted himself to a sector and stepped into a variety of diverse strata, be it clothing, weather, pet care services, etc., but technology catches his attention.
He holds the view that technology can be applied and used in any sector and the future is all about technology. He has recently invested in Tork Motors and Ola Electric. Ratan Tata has been supporting Ola since 2015. He openly expresses his excitement of participating in new areas and encourages young minds to search for domains yet to be explored.
Ratan Tata believes startups should get funded by Indian investors. According to him, the startup sector is growing rapidly with the best of minds involved in it. He regrets seeing such companies having great potential that could add value to the Indian economy but being bound to foreign authorities. Thus, Tata finds it unfortunate that founders get driven by foreign investments in the hope of an eventual acquisition by a larger entity.
He tells his decisions are intuition-driven, but the steps he has taken by now proves his intuitions are calculated risk oriented. He prefers getting into conversation with founders, analyze their personality, skills, their maturity, and the seriousness and most importantly, their zeal and dedication.
And like any other investor, he judges the future scope of pitched ideas. Tata has told in his case selection is more by intuition than by numbers. He further revealed that judging the intent of the founders and their seriousness influenced him more than any other factor.
How to Approach Ratan Tata for Investment?
Is Approaching Ratan Tata Difficult? As a matter of fact, its not. He is as approachable as any other investor. A few things to keep in mind if you plan to seek investment from the business tycoon:
Your idea should be unique and hold great potential.
The startup should have begun its operations, at least on a small-scale.
Tangible feedback on the startup and its product or service is a must. Remember, Ola got funding from RNT Associates 5 years after it began.
He is a man of experience, so it is advisable to be realistic and honest. Sniffing out non-sense is easy for him.
Being a personal investor, he prefers keeping the details of his investment private. He hates it when the media makes such information public. You will find it difficult to find the exact amount of his investments online, even when it comes to the biggest players he’s backing.
When asked what makes a good entrepreneur, he told what probably drives an entrepreneur to start a business is the fire in his belly that there is a better way to do something that has been done or a good opportunity to make a difference because something has not been explored well enough. And the confidence of staying with it is deciding factor of a good entrepreneurs. This is one thing to keep in mind while approaching Ratan Tata for investment.
Needless to mention, Coronavirus has affected every aspect of human life. Lockdowns and social distancing particularly has had immediate effect on several banking activities. Thus, at the same time, many efforts are being made to raise funds and help startups and SMEs. Experts in the sector have greatly underscored the need for focusing on digital channels and platforms during times like these. After the coronavirus wiped $7.6 trillion off the world’s stock markets in four days, global health groups are asking companies, governments and even the public for billions of dollars to fight the contagion. The World Health Organization(WHO)set up a website seeking contributions from anyone in an attempt to raise at least $7 billion.
On Tuesday (March 24) evening, Prime Minister Narendra Modi announced that the whole country has been put on lockdown and had announced INR 15,000 Crore package to strengthen the Indian healthcare infrastructure in India. The fund will be used to develop testing facilities, personal protective equipment and procure more isolation beds, intensive care unit (ICU) beds and ventilators. Moreover, the government will be using the fund to train paramedical and medical staff helping in treating affected patients. Earlier in the day, finance minister Nirmala Sitharaman had relaxed timelines for filing taxes and raising default thresholds for avoiding bankruptcy proceedings. She had added that the government will soon announce a package to address the coronavirus impact on the economy.
In one such efforts, Prime Minster of India, Narendra Modi announced a special emergency fund for the nation to fight crisis like COVID-19 on March 29. Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund), is a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the Coronavirus pandemic, and to provide relief to the affected. Hours after the announcement, entrepreneurs and celebrities from various walks of life have come together to show their appreciation.
Ratan Tata
Joining a number of India Inc leaders who are doing their bit in their own way, Ratan Tata has committed Rs 500 crore for protective equipment for frontline workers, respiratory systems for treatment of increasing cases and testing kits in the fight against COVID-19. In a tweet on March 28, Ratan Tata shared a post detailing how Tata Trusts and the group companies will help as India battles to contain the spread of COVID-19 crisis. Ratan Tata tweeted, “COVID-19 is one of the toughest challenges we will face as a race. The Tata Trusts and the Tata group companies have in the past risen to the needs of the nation. At this moment, the need of the hour is greater than any other time.” The amount would be used for personal protective equipment for the medical personnel on the frontline, respiratory systems for treating increasing cases, testing kits to increase per capita testing, setting up modular treatment facilities for infected patients, and knowledge management and training of health workers plus the general public.
Following Ratan Tata’s announcement, N. Chandrasekharan, chairman of Tata Sons, announced an additional Rs 1,000 crore in support towards COVID-19 and related activities. He said in a statement, “We will work together with the Tata Trusts and our Chairman Emeritus Mr. Tata and would be fully supporting their initiatives, and work in a collaborative manner to bring the full expertise of the group. In addition to the initiatives articulated by Tata Trusts, we are also bringing in the ventilators necessary and are gearing up to also manufacture the same soon in India.”
Mukesh Ambani
One of the top business tycoons of India, Mukesh Ambanihas also contributed in his own ways. In collaboration with the Brihanmumbai Municipal Corporation (BMC), the Sir HN Reliance Foundation Hospital has set up a dedicated 100-bed centre at Seven Hills Hospital, Mumbai, for patients who test positive for COVID-19. Reliance Industries Limited is enhancing its production capacities to produce 100,000 face-masks per day and a large number of personal protective equipment for the nation’s health-workers to equip them further to fight the coronavirus challenge. Reliance Industries has donated Rs 500 crore to PM’s Citizen Assistance and Relief in Emergency Situation (PM CARES) Fund to help government in the fight against coronavirus.
Similarly, other companies in India have come forward to contribute. Digital payments company Paytm said it aims to contribute Rs 500 crore to the fund. For every contribution or any other payment made on Paytm using the wallet, UPI and Paytm Bank debit card, the company will contribute an extra up to Rs 10, Paytm said in a statement. Also, Flipkart-owned PhonePe also launched a donation drive and said it aims to contribute up to Rs 100 crore to PM CARES Fund towards fighting coronavirus crisis. Infosys Foundation has also committed Rs 100 crore to fight COVID-19. Uday Kotak, managing director of Kotak Mahindra Bank announced a Rs 60 crore donation. On March 22, Anand Mahindra, CEO of Mahindra and Mahindra also offered the group’s hospitality arm as a medical care facility and said the group will work on how its manufacturing facilities can manufacture ventilators. Engineering and construction giant Larsen & Toubro (L&T) on Monday announced Rs 150 crore donation to the PM-CARES Fund to fight the coronavirus outbreak and said it has set aside over Rs 500 crore per month to support about 1.60 lakh contract workers. JSW Group, an Indian business operating in metals and mining has announced contributing Rs 100 crores to the prime minister’s citizen assistance and relief in emergency situations (PM-CARES) fund in the light of the ongoing Coronavirus outbreak. Paint and decor company, Asian Paints on Monday has announced contributing Rs 35 crores towards Covid19 Relief Fund.
However, startups and small businesses were getting anxious about the support from the government considering the pressure they are facing to keep the operations running smoothly in the light of funds being scarce and market demand being low. This combined with the pressure to plan for remote teams due to the lockdown across India. Amid the country-wide lockdown, startups have been calling for a relief package for small businesses and the startups which are struggling as the coronavirus pandemic continues to hamper daily life. A Reuters report has now said that the India government may bring an INR 2.3 Tn ($20 Bn) relief fund by the end of the week for the poor sections of the population and businesses. For this, various entrepreneurs have showed willingness to help.
Mark Zuckerberg & Bill Gates
The Chan Zuckerberg Initiative, the philanthropic arm of Facebook founder Mark Zuckerberg and his wife Priscilla Chan, has announced plans to team up with the Bill and Melinda Gates Foundation to donate USD 25 million to a research fund exploring possible COVID-19 treatments. Separately, a coalition backed by Bill Gates and Norway is considering a crowdfunding campaign as they seek to attract about $2 billion to speed up development of vaccines. Mastercard and charity foundation Wellcome are also partnering with Bill & Melinda Gates as part of the initiative, which started with $125 million in seed funding at its launch. The goal of the project is to develop affordable treatments to COVID-19 that can be distributed at scale.
In the same way, Facebook wants to help small and medium-sized businesses (SMBs) survive the coronavirus pandemic. Now it is offering $100 million in grants to 30,000 companies in over 30 countries. Sheryl Sandberg, chief operating officer of Facebook, said on her page on Tuesday (March 17) that the social media giant(Facebook) wants to “do our part” to help with the “enormous challenge in front of us.” To that end, the company is extending a total of $100 million in cash, as well as credits for advertising, to a maximum of 30,000 eligible small businesses.
Similarly, Facebook’s Head of Health Kang-Xing Jin said in a blog post that Facebook is also supporting COVID-19 fact-checkers with a $1 million grant, in partnership with the International Fact-Checking Network (IFCN). The funds will be used to launch a program to increase capacity during the coronavirus pandemic. Facebook has also opened a special hub to help SMBs during the pandemic, and is planning virtual training through Blueprint, its free e-learning training program. The company’s goal is to assist companies “in this new and unsettling environment.”
