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 the organization, Dineout.
We all love good food and not only to survive! It doesn’t matter whether it is traditional or international. But due to the hustle and bustle all around, people aren’t able to go to the spot and book their seats. Or the tables were already booked when you get the restaurant and you don’t get a fair chance to sit and eat. These leaves most of us to settle for else and just get the same old takeout you always opt for. But not anymore.
Because, Dineout is here – your new go-to restaurant table reservation service company. It helps its customers find tables in their favourite restaurants and enables users to get exciting offers along with it. Read the Dineout success story below and find out the unknown details such as the story of the founders of Dineout’s, Dineout’s business model, revenue, competitors and much more.
Dineout enables its customers to book tables onlinewithout having to physically go to the spot. It is a restaurant technology company based in India. The service is available in more than 20 cities in India and is looking to expand.
In the year 2010, Ankit Mehrotra was in London and his school friend Sahil Jain was in the US. They often came together to India. Every time they visited they had the same question.
“Where do we go out tonight?”
Asking their family members or friends never turned out to be fruitful. Because they always suggested the same places. After going back to London and the U.S. they found their regular jobs to be boring. They thought of solving the restaurant discovery problem. In February 2011 Sahil left his job and came back to Delhi. Ankit followed a few months later. They convinced two of their other school friends – Vivek Kapoor and Nikhil Bakshi to join the startup later. InSeptemberDineoutgotregisteredasanonlinetable reservation platform. Things weren’t easy for the four school friends. In its early days, they faced 20 rejections. The first restaurant partner of the company was Ruby Tuesday. Google Ads helped the company get a lot for recognition in the initial days. On February 29th 2012, the company went live with 75 restaurants in Delhi.
Dineout – Founders And Team
AnkitMehrotra, VivekKapoor, NikhilBakshi and SahilJain are the founders of the company Dineout.
Ankit Mehrotra is the founder and the CEO of Dineout. He started here in early 2012. He started his career as an analyst at BNP Paribas. He pursued his bachelor’s degree in Computers and Telecommunications Engineering in the year 2011. After that, he completed his education from the CFA Institute.
Vivek Kapoor is the co-founder of Dineout. Before, he was the chief officer at British Petroleum. He completed his schooling from Modern School in the year 2002.
Nikhil Bakshi is also the co-founder of Dineout. Before, he was the manager of DSP BlackRock Mutual Fund. He pursued his B.Com degree from Delhi University.
Sahil Jain is one of the founders of Dineout. He started his career as a Software Engineer in Sasken Communication Technologies Ltd. Also, he was the Senior Business Analyst and Associate Manager at Mu Sigma. For 9 months, he was the Senior Market Analyst at Nextag.
Nikhil Bakshi, Ankit Mehrotra, Sahil Jain and Vivek Kapoor (left to right) Founders, Dineout
Dineout – Logo
Dineout Logo
Dineout – Business Model
The Dineout business model is rather simple. The company offers its customers many B2B and B2C services. The aim of the company is to serve its consumers by helping them book tables in hotels and restaurants. It has made deals with pubs and restaurants to help customers find the best offers. They give discounts for their promotion and also whenever there is an increase in downloads.
The company charges an annual subscription price from the restaurant partners. As well as from the consumers. It also makes money on every transaction done through the platform. But it varies as per restaurants and cities.
Dineout – Funding, Investors And Acquisitions
Funding rounds
Date
Transaction Name
Money Raised
Lead Investor
January 24, 2014
Series A
–
–
Investments
The company has made only one investment. Dineout has invested money on Adurcup on September 14, 2015. The money raised is an undisclosed amount. Money was raised from the Angel Round.
Acquisitions
Dineout has acquired 2 organisations. The most recent acquisition was Binge Digital. The announced date was on August 9th 2019. The price is an undisclosed amount. The company also acquired Torqus Systems on November 28, 2018.
Dineout – Growth
The company showed a sustainable growth of 154% in the year 2019. The average number of diners before 2019 it was 8 lakhs per month. But in the year 2019, after the GIRF, the number of diners jumped to over 16 lakhs per month.
Dineout – Competitors
The top Dineout competitors are EazyDiner, Zomato, HungryNaki to name a few.
EazyDiner is the topmost rival of Dineout. It was founded in the year 2014. It is headquartered in Gurgaon, Haryana. The company also operates in the Application Software space.
Zomato is an Indian restaurant aggregator and food delivery startup. It was founded by Pankaj Chaddah and Deepinder Goyal in the year 2008.
HungryNaki is an online food delivery service in Bangladesh. It is the first and premium one among all the others.
The company started expanding into international markets. Across Asia, Africa, UAE, Bahrain, Kuwait, Kenya, Saudi Arabia and East Africa. Dineout is also spreading its wings towards Tier 2 and Tier 3 cities in India. This change will be taking place because the brands will soon open up outlets in the Tier 2 cities.`
Frequently Asked Questions – FAQs
What is Dineout app?
Dineout is a restaurant table reservation service company founded in 2012 based in New Delhi, India.
Who is the owner of Dineout?
Dineout was founded by Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor in 2012.
What is Dineout net worth?
Dineout is processes more than 100 Million diners and $800 Million worth of transactions across its network of 50,000 partner restaurants in 20 cities. The exact networth of Dineout is unknown.
When was Dineout founded?
Dineout was founded in 2011 and the site went live in 2012.
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 Archies.
Who does not love gifts? Small gifts, toys and chocolates for the little ones and especially greeting cards have the ability to elate anyone at any point of time. Customizing is a trend now. Nowadays people prefer personalizing items rather than buying something readymade.
Archies has got an exotic collection of exclusive gifts and cards. It helps you out to express your hidden thoughts, feelings for your dear ones. In today’s date, people remain so busy that they forget to admire the precious moments of their life. Read the Archies success story below.
Archies is a Delhi based company. The main product of the company is greeting cards. Apart from greeting cards, the company has also got exquisite gifts for females such as mothers, daughters, sisters, girlfriends, etc. Shopping can be done through both online or from the marketplace.
The company came into existence in 1979. In the initial stage, Archies sold posters, song books, and leather patches. But now the main product of the company is greeting cards. Those were introduced in 1980, a year later after the company got founded. In 1984, the company acquired its foreign license from Walt Disney.
Since then Donald Duck and Mickey Mouse were visible above the greeting cards. After this, the company became more famous. In 1987, The Archies Gallery Chain came into existence. It was an instant victory then. In 1993, Archies Gallery crossed the 100th mark of opening the stores.
Now the world has changed and almost everything is digitized. So, for this reason, the company has also introduced ecards to keep pace with the new marketing strategies.
He is the founder of the company Archies. Currently he is the Managing Director and the Chairman of the company. After his graduation, from the college, he began his business career with a sari shop based in Delhi.
His first order was of Rs. 12. Slowly the business was growing and Archies held its 1st first distributors meet in New Delhi.
Archies – Tagline, Slogan and Logo
The tagline of the company is, ‘The most special way to say you care.’ Archies define love. This is love which is meant for all sorts of relations.
Logo, Archies
Archies – Business Model
Archies wanted to make a business model which would be perfectly suitable for Indian customers. Nowadays, people talk a lot about the franchise stores.
So, Archies took this idea into its head and was the first one among all to start with this new stuff during those days.
Archies sell gift items offline, and online it is divided into three parts – meet, greet and gift. The company has got more than 700 programmed ecards.
These cards are totally different from the other cards over the internet. The ecards consist of sound effects, long storyline with animation.
The company allows the consumers to buy gifts online. And the products are delivered to the doorsteps.
The revenue model is very simple over here. Whatever the products Archies sell, the company gets the proper and the accurate amount after selling items to the customers. The site also avails discounts like 15% at times.
The residents of Delhi, India always get free deliveries on their every purchase. But the customers from the other parts of the county do not get it for free. The shipping is free if you order above Rs. 500.
These people pay extra Rs. 25 as the delivery charge. The minimum value for every purchase online is Rs. 250. Blue Dart and Elbee are the gift delivery partners of Archies and Easy Net Com is the payment gateway of the company.
Archies Gallery Store
Archies – Funding and Investors
Archies has raised money from 1 round.
Date
Transaction Name
Money Raised
Lead Investor
April 9, 2007
Post-IPO Equity
–
–
Archies is funded by only 1 investor – Brand Capital.
Archies – Growth
The company is not growing well recently. It is facing poor sales growth since the last 5 years.
Archies – Competitors
The top competitors of the company are Snapdeal, moonpig.com and Oyegifts.
Snapdeal is the top competitor of Archies. It is headquartered at New Delhi, Delhi, India and was founded in 2007. This company works within the E-commerce field.
moonpig.com is one of the top competitors of Archies. It is headquartered at London, England and was founded in 2000. This company is in the Gifts and Books Items industry.
Oyegifts is perceived as one of the top competitors of Archies. It is headquartered at New Delhi, Delhi, India and was founded in 2014. This company operates in the Speciality Stores sector.
The area required for an Archies gallery is 500 to 1000 sq. ft. The Brand Fee is Rs. 5 lakhs. And an investment of around Rs. 15 to 20 lakhs is required.
Twitter is a social media company founded 15 years ago. It is famous for its news-breaking tweets by politicians or big entrepreneurs. The platform is free for the individuals to use. Twitter generates its revenue from two categories – Advertising services and data licensing services.
Advertising services contribute around 86% of twitter’s revenue. Twitter generates revenue selling promoted products, promoted tweets or trend to the users from advertisers.
Around 14% of twitter’s revenue is through data licensing and other sources. They provide subscriptions to public data such as the time spent on the platforms and essential information. The revenue from other sources includes the service fee charged by twitter which it collects from mobile ad exchange from its users.
Twitter announced new features and products which will be launched by the company soon which includes:
Twitter had announced that it will come up with a new feature called “Super Follow”. This feature will mainly help individuals who have a lot of followers. It is a feature that helps them monetize their Twitter accounts. Super Follow feature will help content creators charge their followers for exclusive content. It can be a subscriber-only newsletter, videos, discounts, and great deals.
This will let users charge for the extra content which is not shown to the regular followers providing an opportunity for the Twitter users to earn an extra revenue through the platform.
Advertising is dominated by companies like Google and Facebook. This new feature will let Twitter have a wider range of revenue sources and would not depend just on advertising for its revenue.
Twitter hasn’t mentioned what percentage of the revenue it would share with the users who monetize their content. The company said in a statement that “Exploring audience funding opportunities like Super Follows will allow creators and publishers to be directly supported by their audience and will incentivize them to continue creating content that their audience loves”.
Super Follow feature is not available yet and the company has said that it will have a lot more to say in the coming months.
Most followed Twitter accounts
Revue
Revue is a Dutch Startup which was acquired by Twitter. The startup allows users to publish email newsletters and monetize them. This platform provides features to write, edit and publish newsletters without leaving the platform. It provides revenue generation to users through paid subscribers.
Newsletters can be soon seen as an addition on the twitter’s sidebar navigation. It can be seen along with moments, twitter’s ads, bookmarks and other features. The financial details of the acquisition are unknown. This will be a new product which will be part of twitter’s strategy to widen its revenue generation.
Twitter Revenue by Business segment
Communities
Twitter also announced a new feature which it is planning to add to the platform which is communities. It will be a group where people can join or add more people according to their preference.
People can create and join groups according to their interest like plants, food or animals etc. Twitter suggests that this feature will allow the user to see more tweets based on those topics.
It will be similar to Facebook groups and groups have been a great success for Facebook. Twitter feels that this could be of great help for them since their platform can make it a little difficult for the new users to start on the platform.
This will be a feature similar to clubhouse, where the users will be allowed to participate in audio conversations. The Podcast culture has been growing in the West and audio contents are growing in the recent years.
The success of clubhouse and different podcast platforms has let twitter to introduce this new feature. The users can invite their followers and get into audio conversations with them which will help them to increase their personal relationships.
This feature is still in private beta testing, which means it is not yet available for the users.
There is no specific date mentioned by Twitter on the release of these features and products. The company just listed them as ‘what’s next’ in a presentation with their analysts and investors.
Twitter also said that creators will be able to customize their communities, where they can set their own rules and social norms beyond twitter’s rules. The company has a goal to more than double its revenue by 2023.
FAQ
Who has the Highest followers on Twitter in India?
Prime Minister Modi has the Highest number of followers on Twitter in India.
Who is Twitter’s biggest competitor?
Twitter’s top competitors include Pinterest, TikTok, YouTube, LinkedIn, and Instagram.
Who is the Founder of Twitter?
Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams are the Founders of Twitter.
Almost everyone loves biryani. When you are eating biryani, it is not difficult to lose count of how many plates you are having. Whenever we smell this delectable dish, our mouth literally starts watering. Do you want to taste authentic biryani? Try out ‘Biryani By Kilo’.
Biryani By Kilo is a home delivery-based food service chain. The company strives to offer delicious meals at one’s doorstep. Biryani By Kilo serves popular dishes such as biryani, kebabs, phirni, and various other Mughal delicacies.
Read on to know more about Biryani By Kilo’s success story, founders, business model, revenue, growth, competitors, and future plans.
Biryani By Kilo falls in the ‘food service and delivery’ category. It prepares and delivers authentic biryani to the masses. The company was founded in 2015 and has come a long way since then. It has received overwhelming response from customers for its mouth-watering menu.
KaushikRoy, VishalJindal, and RiteshSinha are the founders of Biryani By Kilo.
Kaushik Roy is the founder and CEO of Sky Gate Hospitality Pvt. Ltd. Sky Gate Hospitality owns Biryani By Kilo. Kaushik has 22 years of experience in the food service industry and this made it easy for him to launch Biryani By Kilo. Kaushik is passionate about music, photography, cooking, and texting. His CB Rank as an individual is 56,176.
Vishal Jindal is the co-founder and director at Sky Gate Hospitality Pvt. Ltd. Sources say he is a big foodie. Vishal is also a Board Advisor at the Singapore- based Ecosystem Advisory. He studied finance at the London School of Economics.
Ritesh Sinha is the COO of the Sky Gate Hospitality Pvt. Ltd. He is also one of the founding members.
Vishal Jindal (left) and Kaushik Roy (right)
Biryani By Kilo – Startup Story
Kaushik Roy and his friend Vishal Jindal thought a lot and finally zeroed in on biryani as their favorite pick. The duo took the entrepreneurial plunge in May 2015 as a challenge with the idea of starting afresh. They thought of conserving the Khansama type of cooking through their initiative. Biryani By Kilo, the duo’s initiative, was a hit amongst the admirers of biryani. The company has outlets in Delhi NCR and Mumbai. Biryani By Kilo processes close to 1000 orders a day with an average order size of INR 900.
Biryani By Kilo’s tagline is “There’s always a reason to celebrate….” The logo is composed of three colors: white, black, and brown.
Biryani By Kilo Logo
Biryani By Kilo – Business Model
Biryani By Kilo serves biryani in earthenpots (Handis). It offers three kinds of biryani: Hyderabadi, Lucknowi, and Kolkata. The company primarily operates under the cloud-kitchen criterion with dine-in options at selected locations based on latent demand. Biryani By Kilo also offers home delivery of the traditionally cooked meals it is famous for.
The company has staff team members of 300 during the delivery time notwithstanding. It draws all of its Biryani lovers towards it because it’s trusted by the consumers of the concerned company. The startup company collected revenue from 2017-18 batch which stands at Rs 12.5 crores and it’s currently clocking Rs.2.4 crores a month. Unbelievable! Right? The idea was actually to challenge popular food such as pizza, burger, sushi, noodles etc. Their idea was to serve something desi to all.
Biryani By Kilo – Funding And Investors
Biryani By Kilo has raised an amount of $8.4 million in funding over 11 rounds.
Date
Transaction Name
Money Raised
Lead Investor
April 30, 2020
Series B
INR 60 Million
–
June 20, 2019
Series A
INR 300 Million
IvyCap Ventures
November 30, 2018
Seed Round
$286.3,000
–
July 2, 2018
Seed Round
$1 Million
Ajay Relan, Vinay Mittal
April 1, 2018
Seed Round
$691.5,000
–
November 14, 2017
Seed Round
$609.8,000
Startup Equity Partners
October 25, 2017
Seed Round
–
–
February 20, 2017
Angel Round
$380,000
Chandigarh Angels Network
February 17, 2017
Seed Round
$164,000
–
October 10, 2016
Seed Round
$103.5,000
–
Biryani By Kilo is funded by 17 investors. Nitish Mittersain and Rajandeep Singh have recently joined the list of investors.
Biryani By Kilo – Franchise
The company currently has multiple outlets in Delhi NCR. Some of them are in Connaught Place, Shahpurjat, IP Extension, Vasant Kunj, Dwarka, Sector 41 Noida, New Friends Colony, and Rajouri Garden. Biryani By Kilo is also present in Mumbai: Andheri East, Chembur, Malad, Powai, and Khar West.
Biryani By Kilo – Growth
The company claims publicly that it is doing well and is growing its business exponentially at a rate of 70% to 80% per year with a current sales run rate of $3.4million, i.e., INR 24 crores annually. Biryani By Kilo says that it will reach $72 million in revenue by 2022. Now that is ambition! The team at Biryani By Kilo utilized its funds appropriately right from the start and that helped the company achieve stellar growth.
Biryani By Kilo – Competitors
The competitors of Biryani By Kilo are Bright Cellars, Paradise, Charcoal Eats, Biryani Blues, and Behrouz.
Biryani By Kilo v/s Bright Cellars
Biryani By Kilo was founded in the year 2015 while Bright Cellars was launched in 2014. Both companies work on different models. Bright Cellars offers a subscription facility to its customers, whereas Biryani By Kilo functions as any other restaurant. Both are private organizations but have different tags. Biryani By Kilo serves food and liquids within India while Bright Cellars serves manufacturing and industrial items in addition to food and beverages. Moreover, Biryani By Kilo is headquartered in India while Bright Cellars has its head office in Milwaukee, USA.
Biryani By Kilo v/s Biryani Blues
Biryani Blues was founded in the year 2013 in Gurgaon (India), a couple of years before Biryani By Kilo. Its revenue frequently exceeds $3 million which is much more than what Biryani By Kilo generates in revenue.
Biryani By Kilo v/s Paradise
Paradise is considered amongst the strongest rivals of Biryani By Kilo. It is headquartered in Secunderabad, Andhra Pradesh. Paradise was founded in the year 1953, decades before Biryani By Kilo’s inception. Sources say Paradise’s revenue is approximately 1724% of Biryani By Kilo’s revenue.
Biryani By Kilo v/s Charcoal Eats
Both the companies were found in 2015. Charcoal Eats is headquartered in Maharashtra, India. It operates in the food processing space. Biryani By Kilo and Charcoal Eats are not direct competitors.
Biryani By Kilo v/s Behrouz
Biryani By Kilo and Behrouz are known to have an expensive menu. Online reviews do not mention a clear winner between the two. Some reviews favor Behrouz over Biryani By Kilo while the others place the latter over the former. However, you should try them out before forming an opinion.
Biryani By Kilo – Future Plans
The company is aiming for a sales run rate of more than $5.8 million (INR 40 crores) in the coming years. The company plans to export its Handi biryani to the UAE and the UK. The team at Biryani By Kilo is also researching healthy dishes such as quinoa biryani and brown rice biryani. There are plans to open 40-50 Biryani By Kilo outlets in North India in the coming year.
Edmodo is an instructive innovation organization offering a correspondence, cooperation, and training stage to K-12 schools and instructors. The Edmodo network empowers educators to share content, appropriate tests, tasks, and oversee correspondence with understudies, associates, and guardians.
Edmodo was established by Nick Borg, Jeff O’Hara, and Crystal Hutter in 2008. It is sponsored by Index Ventures, Benchmark, Greylock Partners, Learn Capital, New Enterprise Associates, Union Square Ventures, Glynn Capital Management, Tenaya Capital, SingTel Innov8, and KDDI. As of July 2019, Edmodo professed to have over 100M clients worldwide. About half of these clients were in the US, with the rest being in 180 nations around the globe. Critical focuses exist in Singapore, Indonesia, Uruguay, and Italy. About 10% of these clients were instructors, a representation of how well known Edmodo is in study halls.
Below we will analyze the business plan that took Edmodo to the peak of success:
Client Segments
Edmodo is focused on educators, empowering them to work together, share assets, track understudy progress, and utilize intuitive showing apparatuses from one spot. The Edmodo stage is utilized by over 300,000 schools around the world. The Company’s essential market is, where it gives the main social training stage among K-12 schools.
Behind the US Edmodo’s biggest business sectors are Mexico, Australia, Colombia, and Canada. Notwithstanding serving educators, Edmodo is additionally focused on understudies and guardians. Understudies can partake in web-based learning and intuitive tests, while guardians can screen their youngster’s school exercises, evaluations, and investment in school occasions.
Edmodo is using the web-based learning and intuitive tests to reach more clients
Incentives
Edmodo’s most prominent worth is that it makes the way toward making exercise substance, testing, and understudy observing a more straightforward, additional time productive and more open cycle for instructors and schools. The stage makes the learning cycle more straightforward, with educators ready to find what instructing strategies are best for which understudies and guardians ready to screen the advancement and execution of their youngsters.
The administration is allowed to utilize and accessible through web programs and versatile and tablet applications, permitting instructors, understudies, and guardians to cooperate and partake in the taking in experience from anyplace. The Company likewise furnishes instructors with progressing support, preparing projects and assets.
The Edmodo stage can be gotten to through the Company’s portable and work area sites at www.edmodo.com. The Company additionally has versatile and tablet applications accessible for iOS and Android.
Client Relationships
The Edmodo stage is accessible on a self-administration premise, with instructors, understudies, and guardians ready to enlist through the Edmodo landing page for nothing out of pocket. Understudies require a gathering code, given by their educator, to enlist, while guardians should have an exceptional parent code for their youngster. When enlisted clients can utilize the stage self-rulingly with no cooperation with Edmodo agents.
The stage’s substance is network-driven, with educators, understudies and guardians urged to associate and team up with each other. Edmodo offers backing to its clients through its self-facilitated Help Center, which incorporates client instructional exercises, FAQs, and investigating guides, just as through a Community Support organization and direct connection. The Company likewise cooperates with its client network through its incorporation of a blog, a pamphlet, occasions, and its online media accounts.
Edmodo is an instructive innovation organization that works as an online social learning stage for instructors, understudies, and guardians. The Company expects to make learning a more effective, inventive, and straightforward cycle. Its foundation empowers instructors to all the more effectively work together, share assets, discover exercise thoughts, and collaborate with guardians.
It additionally permits the two educators and guardians to all the more precisely screen the advancement of understudies and recognizes which strategies for instructing are best. Notwithstanding offering an online stage, the Company gives a scope of preparing and expert advancement courses to instructors with the goal that they can all the more successfully use the Edmodo innovation. Edmodo likewise works together with an organization of accomplices to make additional usefulness through local applications.
Edmodo works as an online social learning stage for instructors, understudies, and guardians
Key Partners
Edmodo accomplices with tech organizations, instructive bodies, content distributors, and subsidiary advertisers. The Company has vital associations with Microsoft, acquainting clients with the Office 365 cloud programming, and Cambridge University Press, incorporating new Cambridge University Press content for the improved straight GCSE capabilities.
Edmodo additionally has content associations with Khan Academy, LearnZillion, Oxford University Press, Better Lesson, and Sony Global Education, the principal accomplice to give Japanese substance. In Mexico, Edmodo has cooperated with SINADEP-SNTE, the nation’s biggest instructor’s association to bring together correspondence and joint effort among its individuals.
Edmodo engages expert teachers in one-to-one interactions with the students as well as their guardians
In 2012 Edmodo delivered its API and has since joined forces with a scope of engineers to make outsider applications that upgrade the Edmodo stage’s usefulness. The Company additionally teams up with brand and channel accomplices to grow it’s showcasing go and produce new clients.
Distinct advantages
Edmodo’s distinct advantages are its product stage, its IT framework, its vital and substance associations, its workforce, and its client network. Searches of records held by the US Patent and Trademark Office recognized no patent applications documented in Edmodo’s name.
Edmodo Revenue Model
Edmodo works under a freemium income model, giving free admittance to its social learning stage with the alternative for clients to pay for extra usefulness and administrations. The Company has three head income streams: its application commercial center, its preparation and expert improvement administrations, and its superior Snapshot administration.
Edmodo offers a scope of on the web and in-person preparing arrangements, including one day, in-person Edmodo Workshop and Edmodo Deployment programs valued at $2,500 per gathering of 25 instructors and a multi week online Edmodo in real life course evaluated at $7,500 per gathering of 25 educators. The Company likewise gives a four hour Certified Learner Course that should be haggled with a neighborhood salesman.
Edmodo’s exceptional Snapshot administration, which permits educators to all the more precisely check understudy progress, is purportedly valued at somewhere in the range of $1,275 and $2,000 every year, per school. Furthermore, the Edmodo commercial center proposals around 600 outsider instructive applications, some free and some paid-for. Premium applications, at different value focuses, can be authorized by instructors on a yearly, per homeroom premise
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 the organization it is based on.
Goldman Sachs is an American multinational investment bank. It has got a net worth as of December 17, 2020, as $83.41B. It offers services in investment management, securities, asset management, and securities underwriting. Marcus Goldman and Samuel Sachs founded Goldman Sachs in 1869.
Read about the Goldman Sachs success story, Founders, Competitors, Business Model, Funding, and Revenue Model below.
Goldman Sachs is a leading investment firm. It maintains offices and all major financial centers around the world. Goldman Sachs brings capital, people, shareholders, clients, and ideas together. They actually serve all. Serve the community to grow more. Advice about buying and selling businesses is always given. Starting from raising capital to managing risks takes place here.
The financial services industry is considered to be one of the most powerful industries in the world as it contains a wide range of businesses that manage money.
As per the latest reports, the market size of global financial services grew from $25848.74 billion in 2022 to $28115.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%.
Goldman Sachs – Founders and Team
Marcus Goldman and Samuel Sachs are the Founders of Goldman Sachs.
Marcus Goldman and Samuel Sachs – Founders, Goldman Sachs
Marcus Goldman was a German banker, financier, and businessman. He was born in Trappstadt, Bavaria. He immigrated to the United States in 1848. He was the founder of the company. His company is now known by all and is one of the world’s largest investment banks.
Samuel Sachs was an American investment banker. He was born in Maryland, United States in 1851. He was the business partner of Marcus Goldman. But actually, Marcus Goldman was his father-in-law. He joined the business. He died in 1935.
David M. Solomon is an investment banker. Since the year 2018, he is the CEO of Goldman Sachs. He is 58 years old as of 2020. He has a net worth of around $100 Million
CEO, Goldman Sachs
Goldman Sachs – Startup Story
As you have read before, Samuel Sachs was the business partner as well as the son-in-law of Marcus Goldman. Before, accepting the offer. Samuel Sachs used to work as a bookkeeper and ran minor businesses. After his joining, Marcus named the company M. Goldman, Sachs & Co. in 1888. An updated listing took place in 1883. Samuel established the company’s reputation day by day. He stood in the banking community. By 1890, Goldman Sachs became one of the largest dealers of commercial paper in New York. Later, Samuel retired and passed away in New York.
Goldman Sachs – Mission and Vision
The mission of Goldman Sachs reads as, “We aspire to be the world’s most exceptional financial institution, united by our shared values of client service, excellence, partnership, and integrity.”
The company has four core values, which are based on:
Client Service
Excellence
Partnership
Integrity
The aim of the firm has always been towards serving its clients well. Besides this, the goal of the company is to ensure that they deliver returns to its shareholders.
Goldman Sachs – Name, Tagline, and Logo
In the tagline, the goal of Goldman Sachs speaks for itself. Hence, its tagline is “Our people are our greatest asset.”
Goldman Sachs Logo
Goldman Sachs – Solutions
Goldman Sachs is known for building and integrating developer-centric, cloud-based financial products and services into the ecosystems of its clients to enable them to provide better service to their own clients and customers.
As we are aware that the company is mostly into offering services related to finance, it offers 3 major platform solutions for its clients, these are:
Transaction Banking
This platform designed by the company is to assist clients in creating a future treasury and enabling software partners to improve their services. It is a straightforward and secure transaction banking platform with 24/7 accessibility so that its clients can easily use it.
Merchant Point of Sale Lending
Merchant point of sale lending is a growing network of retailers that are offered clear and uncomplicated solutions to assist them in expanding their operations and better serving their clientele.
Embedded Consumer Finance
Through its API-first platform, a SaaS technology, the company enables businesses to directly offer its highly regarded consumer financial products within their online experiences. This doesn’t end here. The company also offers tools that will help enable developers to drive long-term growth for their businesses and derive smart decisions.
Why Goldman Sachs Went From Investing For The Rich To Targeting Everyone
Goldman Sachs – Business Model
The company deals with a range of financial services. It has got a diversified client base which includes financial institutions, governments, and corporations. The company has got 4 operable segments. These are Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
Investment Banking is advising organizations on capital raising strategies. This feature helps to raise capital and grow businesses.
Institutional Client Services are actually financial services with both financial and non-financial firms. The firm makes clear client transactions. For future exchanges, security lending, prime brokerage, etc.
Investing & Lending are something very common, which everyone already knows. Still investing is putting money into property, shares, and schemes. The firm makes investments both directly and indirectly. And lending is allowing someone or something to use an amount of money. Money can be paid back later.
The firm also offers wealth advisory services, portfolio management, and financial counseling.
Basically, the company’s business is to help people, companies, shareholders, and clients on the following points:
It advises on what to buy or sell depending on the marketing conditions.
It helps local or national governments tofinance their operations.
It transacts for its clients in all financial marketing conditions such as bonds, equities, currencies, etc.
It helps orsupports markets to remain effective and liquid for investors and businesses to meet up with their needs.
It manages to safeguard and improve the value of assets for both private individuals and institutions like mutual funds, pension funds, and foundations.
It also invests in capital to help grow its clients’ capital.
It also aggressively helps toinnovate and come up with new ideas, and new products to grow further.
In addition, the company offers the following solutions for corporates and institutions:
Asset Management
FICC and Equities
Comprehensive Solutions for Nonprofits
Financial Cloud
Investment Banking
Global Investment Research
Ayco Personal Financial Management
Marquee
Liquidity Investing
On the other hand, for individuals, some of the services provided by Goldman Sachs are:
Marcus by Goldman Sachs
Private Wealth Management
Global Investment Research
Ayco Personal Financial Management
Personal Financial Management
Apart from all these, Goldman Sachs is a key trader in the market for Treasury securities issued by the United States. It offers custodian bank and clearing services.
Investing activities and the origination of loans are to provide financing to clients.
After clearing client transactions on major stock, commissions, and fees are executed.
Financial advisory fees and underwriting fees are charged by the clients.
In 2022, the company generated a revenue of $47.4 billion. As of September 26, 2021, the firm has a market capitalization of $134.8 billion.
Goldman Sachs – Employees
As of 2021, the number of employees the company reported having was 48,500. However, as a result of the earnings report from July of 2022, which showed significantly decreased earnings, Goldman Sachs announced in September 2022 that hundreds of employees across the company were laid off.
Goldman Sachs – Marketing Strategy
The company invests around 90% of its marketing budget in digital marketing schemes. The main focus is on the creation of content and social media. With the help of social media platforms like LinkedIn, YouTube, Facebook, and Twitter.
The company enables itself to reach its customers. Innovation and expansion of the market are increasing day by day. Social enterprises are also contributing to the UK economy and community. After a lot of research, the company designed a 10,000 small business program. This was created to bring high-quality business support to the leaders for growing their small businesses across the country.
One of the most challenging parts for Goldman Sachs was during the aftermath of the financial crisis that happened between 2007-2008. The firm came under fire for allegedly deceiving its investors and making money through the collapse of the mortgage market. The situation was so bad that there were investigations into this matter. It was conducted by the US Congress and the US Department of Justice, and the US Securities and Exchange Commission filed a lawsuit. As a result, the company agreed to pay a $550 million settlement.
While this was one of the many challenges faced by the company, there was another major controversy in 2021, wherein a group of first-year bankers complained to managers that they were working 100 hours a week with only 5 hours of sleep at night. This was highlighted and the company faced scrutiny. However, the firm announced a 15 days vacation every year for its employees to maintain their work-life balance.
Goldman Sachs – Mergers and Acquisitions
The company has made 28 acquisitions till now. Some of the details are:
Date
Aquiree Name
Amount
September 15, 2021
GreenSky
$2.2 Billion
August 19, 2021
NN Investment Partners
1.6 Billion
December 8, 2020
Goldman Sachs Gao Hua Securities
–
October 2, 2020
General Motors – Credit Card Business
$2.5 Billion
May 14, 2020
Folio Institutional
–
June 3, 2019
Capital Vision Services
$2.7 Billion
May 16, 2019
United Capital
$750 Million
November 9, 2018
ClearFactr
–
July 11, 2018
Boyd Corporation
$3 Billion
June 14, 2018
Slickdeals
–
Goldman Sachs – Investments
It is recorded that Goldman Sachs has made 956 investments, out of which 376 are lead investments. Some of the latest investments are:
Date
Name Of The Organization
Amount Raised
February 2, 2023
Syngene
$11.9 Billion
January 25, 2023
Fever
$110 Million
January 25, 2023
Forward Networks
$50 Million
January 12, 2023
LePure Biotech
–
January 11, 2023
Xpansiv
$125 Million
January 3, 2023
InsuranceDekho
$110 Million
December 15, 2022
Mews
$185 Million
December 13, 2022
Vestiaire Collective
$75 Million
December 8, 2022
Younited
$60 Million
November 17, 2022
Bikaji Foods
$566.4 Million
June 25, 2020
Capital Markets Gateway
$25 million
July 14, 2020
Permira
–
July 14, 2020
Nasuni
$25 billion
July 15, 2020
Bond Financial Technologies
$32 million
July 23, 2020
Missfresh E-Commerce
$495 million
In addition to this, the company has made 46 diversity investments. These are:
Date
Organization Name
Amount Invested
February 15, 2022
Homebound
–
January 11, 2022
Wonderschool
$25 Million
November 27, 2021
H2O.ai
$100 Million
March 4, 2021
Flywire
$60 Million
February 24, 2021
Madison Reed
$52 Million
October 6, 2020
BlocPower
$11.8 Million
September 17, 2020
Ellucian
$1.6 Billion
July 14, 2020
Nasuni
$25 Million
February 13, 2020
Flywire
$120 Million
January 15, 2020
Moneythink
$10K
Goldman Sachs – Philanthropic Activities
Under Goldman Sachs Foundation, the company has contributed about $1.8 billion towards philanthropic activities. With a maximum employee donation match of $20,000, the business provides a donor-advised fund (DAF) called Goldman Sachs Gives that makes donations to nonprofits.
Even during the pandemic when companies struggled to operate, the company made progress in reuniting its teams across the world and in supporting their employees and their families.
In addition, the company advised the governments of several nations on how to raise more than $15 billion for vulnerable populations, contributing $30 million to a COVID-19 Relief Fund and $775 million to a Small Business Stimulus Package during this time.
Goldman Sachs – Awards and Achievements
The company has won many awards and achievements, some of which are listed below:
The Wall Street Journal – 250 Best Managed Companies of 2022 (December 2022)Ranked 105
Euromoney – Market Leaders Awards (November 2022) Ranked 1 in Chile and Ranked 2 in Brazil
Goldman Sachs has been recognized for the International Financing Review (IFR) Awards – Bank of the Year
Achieved the Fintech Futures Banking Tech Awards – Best Use of Cloud
CNBC Select – 5 Best Personal Loans of December 2022 – Marcus by Goldman Sachs named Best for Debt Consolidation
Received the Interbrand – Best Global Brands by ranking 49
The Banker – Investment Banking Awards (October 2022)Investment Bank of the Year
FinTech Futures – Banking Tech Awards USA (May 2022) – Best Digital Initiative – Marcus by Goldman Sachs products and app
Mergers & Acquisitions – Middle-Market Deals of the Year (May 2022) –Industrials Deal of the Year
Ranked No. 19 in the Fortune – Modern Board 25 (April 2022)
The company especially focuses on investments and technology-driven companies. The Merchant Banking Division has invested more than $5 billion in strategic capital. For entrepreneurs and management to execute long-termed growth plans. This process is, going on since 1994. They usually tie up with strong management teams. This formula helps the company to grow more. Giving value to customers, shareholders, and partners is the key to success. The target of the team is investments ranging between $20 – 250+ million in companies. A proven proper management team is also very essential to walk toward growth.
Goldman Sachs – Future Plans
While the company remains one of the leading financial and investment banking companies, it is reported that the company is soon going to change its business strategy. The company plans to expand its transaction banking and wealth management operations. Given the economic crisis going on, the company is looking for ways to change its overall business plan soon.
FAQs
When was Goldman Sachs founded?
Goldman Sachs was founded in 1869.
Who are the founders of Goldman Sachs?
Marcus Goldman and Samuel Sachs are the Founders of Goldman Sachs.
What services does Goldman Sachs provide?
Goldman Sachs provides a range of financial services to individuals, corporations, and governments. Some of the services offered by Goldman Sachs include:
There’s no doubt that people are crazy about cricket in India. It is one of the most celebrated sports in our country. The Board of Control for Cricket in India (BCCI) is the richest cricket governing body in the world. One of the reasons behind BCCI’s success would be massive fans of cricket in India. The fact that BCCI does not depend on the Government of India for its finances is truly surprising.
India’s tour of Australiais just around the corner and cricket fans can’t wait to watch their favorite players play against Australia. One question that arises in everyone’s mind is How does BCCI Benefit from India Series. Let’s have a look
With Ipl closing to its final, which is happening in UAE, the Indian players aren’t allowed to head back home but rather would now board the flight to Australia. Indian cricket team will arrive in Australia on 12 November and will quarantine in Sydney before the first match of the series.
India Upcoming Series
Revenue model of India Series
How does BCCI Earn?
BCCI, the richest cricket body in the world but the question that arises in everyone’s mind is How does this richest cricket body Earn. The different ways from which BCCI earns it is as follows
Global Media Rights
Official kit sponsorship rights
Official Team Sponsor
IPL Revenues
1. Global Media Rights
For most sports organizations including, BCCI, the sale of broadcasting and media rights is one of the biggest sources of revenue, generating the funds needed to finance major sporting events, refurbish stadiums, and contribute to the development of the sport. The royalties that broadcasters earn from selling their exclusive footage to other media outlets enable them to invest in the costly organizational and technical infrastructure involved in broadcasting sports events to millions of fans all over the world.
Broadcasters pay a substantial amount for exclusive rights to show live coverage of sports events. In 2018 STAR India acquired BCCI’s 5-Year Global Media Rights(broadcasting and digital) For Rs 6,138.1 Crore, which is It will pay Rs.60.18 crore per international in India till 2023.
Kit sponsorship is one of the most prominent forms of sports advertising. Having a brand name on the front of a team kit offers you coverage across all forms of modern media, putting you in front of hundreds of thousands, if not millions of cricket fans around the world.
Nike has been Indian cricket teams official kit sponsor since 2006. As per reports, Nike coughed up around Rs 370 crores to renew the kit sponsorship with the Indian team in 2016 that will finish on September 30 this year. It is believed that they pay around Rs 87,34,000 per game.
MPL Sports is the new kit sponsor for the Indian cricket team. In a fresh contract signed with the Board of Control for Cricket in India on Monday, MPL signed a three-year deal worth Rs 120 crores. The deal is from November 2020 till December 2023 and will see the board earn Rs 65 lakh per game over the three-year period.
Official Team Sponsor means a lot of brand exposure during Live sport. Official Team Sponsor has the right to display a commercial logo on the clothing of the men’s cricket team, the under-19 side, the men’s A-Team and the women’s squad.
Being an Official Team Sponsor gets you the perk of the prominent space in the backdrop board in the post-presentation area, the backdrop in the dugout, and boundary rope. A lot of these branding opportunities apart from digital and media opportunities are part of the official team partnership.
Byju’s has taken over all associated sponsor rights of the current team sponsor Oppo Mobiles India Private Limited. Byju’s logo will be seen on the Indian team jersey.
Byju’s Official Team Sponsor
4. IPL Revenues
One of the biggest reasons behind BCCI’s financial strength is the IPL – which indeed is the most lucrative franchise-based cricketing tournament in the world. The BCCI gets a whopping INR 3300 crore from the media rights holder (Star TV) per year for the IPL. BCCI also earns about Rs 170 crore from Dream11, PayTM, CEAT, etc. sponsors.
BCCI, one of the richest cricket body in the world which has already crossed the Rs 13,000 crore mark in 2019. The money earned by BCCI is spent for the conduct of various cricket tournaments, starting from District level to international championships. The officials and players are paid a salary and playing fees respectively from the money that BCCI earns.
All the credit for the success of BCCI goes to players and the Indian national team, which has not only performed brilliantly for the last few years, but also attracts sponsors with its glamour quotient. The astonishing thing about cricket sponsorship in India is, you don’t have to employ a marketing genius to bring in sponsors.
Still don’t have a dream home of your own? Want a rental property? “Oops, this is not in my budget!” Have such issues? Don’t know where to find the best place to stay? Suffering from selling issues? Chill! why do you worry?
Magicbricks is a platform that would help you find the best Real Estate Properties in India. To date, this is the best property site in India. As per the latest reports, 50% of people live in their own houses, 30% stay on rent, and 13% stay in their parents’ house in India. The new generation doesn’t want to tie down themselves with heavy loans. So, few opt for rent as well. Buying and selling both are very easy to do jobs here. Want to know more right? Read the magickbricks success story below
Magicbricks is an online platform for both property buyers and sellers. The company is a division of Times Internet Limited. It’s a wholly-owned subsidiary of Bennett, Coleman & Co. Ltd. It also provides all sorts of source information about all the property related issues. Apart from this, There is a news section called Property Pulse which includes property news, home loans concerns, legal and taxation issues, expert opinion and analysis of the property trends.
Magicbricks – Founder And Team
Sudhir Pai is the founder and the CEO of MagicBricks. Before that, he was the head of the sales department at Times Group. He was also the Corporate Manager at Citibank. He has also served Hindustan Lever Limited and Marico Ltd as the Area Sales Manager.
Sudhir Pai, Founder and CEO at MagicBricks
He started his career from Wipro as the Technical Engineer. He pursued his education from Goa Engineering College. After that, he pursued an MBA in Marketing and Systems. From the Symbiosis Centre For Management and Human Resource Development.
Magicbricks – Business Model
Companies like Magicbricks, 99acre. They have got the same business model.
Their source of revenue includes charges for listing a particular property. This way is better than free listing.
MagicBricks charges the person advertising an amount for a premium listing of the advertisement for particular products.
There are various properties at MagicBricks. For them, they highlight the properties with different colours.
The company provides very good locality information with the actual locality photographs.
“Advertisements” is a very common word. Everybody has come through it once, twice, thrice or more than that. It collects money from the banners as well. Of course, it’s an online portal. It also collects money from the searches made. It provides a hell lot of facilities to its users. Details are already mentioned above. It also provides a feature. It is the luxury section of the website. Personalized services like the Vaastu, Astrology is also involved within it. Hence people need not waste money after these aspects. And the company earns in this way.
Magicbricks – Tagline, Slogan And Logo
The tagline of the company is “Property Sahi Milegi Yahin”. This is the current one.
The logo of the company uses a white background. There is a lettering, ” magic bricks”. It’s written in small letters.
Magicbricks Logo
Magicbricks – Funding And Investors
Property listings website MagicBricks has raised a sum of Rs. 30 crores from its parent company Times Internet Ltd. This fund will be used by the company to brand building initiatives. Product development and seller development activities will take place soon. The company says that it sees itself playing a much greater role of a consumer. With this money, more efforts will be put on the platform. They are also aiming towards having almost 85% of all the available properties to be listed on their site.
Magicbricks – Growth
The company has grabbed many customer’s eyeballs towards it. The Real estate portal MagicBricks has reported 74% growth in the second quarter. The first quarter saw a 48% growth. But the second one is enormous as mentioned above. The mobile app has hit more than five million downloads. It has made itself the one and only in its category to achieve the milestone. The company is experiencing high growth day by day. This was much awaited. As in the last three years, there was a slowdown in the growth process.
The top competitors of the company are 99acres, HOUSING.com, and commonfloor.com
99acres is the top competitor of MagicBricks. Compared to MagicBricks the company generated less revenue. It is $11.3 million for 99acres.
Housing.com is the second competitor of MagicBricks. It is headquartered in Gurgaon, Haryana, India. This company generates 104% the revenue of MagicBricks.
Commonfloor is one of the top competitors of MagicBricks. It is a private company founded in 2007. It is headquartered in Bengaluru, Karnataka, India. Compared to MagicBricks this company has fewer employees.
Magicbricks – Future Plan
The goal of the company is to bring a better workplace for its workers. With a major transformation. The workers occupy the maximum spaces. And the Senior Executives usually get glass cabins. But these things are going to change soon. Productivity would no longer be a mandatory issue. The company will be encouraging creativity a lot. Work styles and the workplace’s flexibility will be the fundamentals of the evolution. More technological things will be inserted into the app as well as the site.
Himaya Presthitha
