StartupTalky

Tag: 📄Company Profiles

  • Aleo: Discover the First Platform for Building Private Applications

    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 Aleo.

    Blockchain technology has witnessed a significant rise and fall in the last decade. It has rapidly evolved its applications and functionalities and transformed the internet from web2 to web3.

    Companies are exploring many platforms that can help them build private blockchain applications and solve their business data problems. Securing and protecting the blockchain’s data is the main driving factor behind developing private applications.

    It’s when Aleo comes for help. An L1 blockchain, Aleo is an innovative platform that uses zero-knowledge proofs to enable developers to build private applications.

    This article sheds light on how Aleo was founded, its products and services, founders, mission, funding, investors, competitors, and other vital details.

    Aleo – Company Highlights

    Company Name Aleo
    Headquarters Reno, Nevada, United States
    Sector Blockchain Software Development Applications
    Founders Collin Chin, Raymond Chu, Howard Wu
    Founded In 2019
    Valuation $1.4 B (2022)
    Website Aleo.org

    Aleo – About
    Aleo – Founders and Team
    Aleo – Startup Story
    Aleo – Mission and Vision
    Aleo – Business Model
    Aleo – Products and Services
    Aleo – Challenges Faced
    Aleo – Funding and Investors
    Aleo – Patents and Trademarks
    Aleo – Growth
    Aleo – Partners
    Aleo – Competitors
    Aleo – Future Plan

    Aleo – About

    Aleo develops a private-by-default application-building platform with a world-class infrastructure that enables privacy on blockchains. With this platform, developers can write their app using the company’s programming language, i.e., Leo, without using cryptography.

    Moreover, the platform allows developers to test, deploy, and share applications with a package manager. The company invested its stakes in Nucleo on November 22, 2022.

    Blockchain Start-ups In India
    The era of digital currency is evolving and is now the future of banking system. So, let us see the complete story on the topic- Blockchain Start-ups In India.
    StartupTalkyYash Gupta

    Aleo – Founders and Team

    Collin Chin, Raymond Chu, and Howard Wu are the co-founders of Aleo.

    Collin Chin

    Colling Chin graduated from the University of California, Berkeley, with an Electrical Engineering and Computer Science degree. Presently, he is the Co-Founder of Aleo.

    He started his career as a Software QA Intern at Sportvision. After then, he worked as Smart Contract Developer Intern at ConsenSys. Furthermore, he held the role of Developer Advocate at Gnosis, Advisor at Blockchain at Berkeley, and Security Consultant at Argus Observer LLC.

    Collin Chin - Co-founder, Aleo
    Collin Chin – Co-founder, Aleo

    Raymond Chu

    Raymond Chu completed Bachelor’s in Computer Science from the University of California, Berkeley. He is a full-time Co-Founder at Aleo and Security Consultant at Argus.

    He started his career in 2017 as Software Engineering Intern at IBM and then at Amazon. After that, he worked as a Software Project Manager at Blockchain at Berkeley.

    Raymond Chu - Co-founder, Aleo
    Raymond Chu – Co-founder, Aleo

    Howard Wu

    Howard Wu completed his Bachelor’s in Computer Science and Applied Mathematics and Master’s in MS, Electrical Engineering, and Computer Sciences from the University of California, Berkeley.

    He was Software Engineer at Google and Advisor at Blockchain at Berkeley. Currently, he is the Managing Partner at Dekrypt Capital and Co-Founder and CTO at Aleo.

    Howard Wu - Co-founder & CTO, Aleo
    Howard Wu – Co-founder & CTO, Aleo

    Aleo is operating under the leadership of Alex Pruden as Chief Executive Officer (CEO). Moreover, the company is teamed up with more than 55 employees.

    Aleo – Startup Story

    Aleo was born from the desire of Collin Chin and Howard Wu to achieve the impossible, i.e., building a truly personal and private user experience on the web. They realized the shortcomings of blockchain adoption and, thus, architect Aleo in 2019 as a private-by-default, open-source blockchain built for the web.

    During 2020-21, Aleo developed its programming language, i.e., Leo. In 2021, the company introduced ZK primitives- the fundamental components of a programmable zero knowledge application. And in the same year, ZK Cloud was launched to solve ‘‘The Privacy Dilemma.’’

    After months of research, the company launched its incentivized testnet, testnet2, on December 6, 2021. In 2022, it announced the launch of Aleo Testnet 3.

    Aleo – Mission and Vision

    The company aims to build the foundation for the next generation of decentralized applications. It wants to use technologies like zero-knowledge proofs and blockchain to create an ecosystem for developers to enrich and empower users on the internet.

    What is Aleo? How it works. Platform overview.

    Aleo – Business Model

    Aleo is built on an open public blockchain with Ethereum’s flexibility and more scalable architecture. It uses the Zero-knowledge proofs (ZKPs) method that authenticates the validity of a crypto transaction without sharing its details. Users can keep their money matters private by building decentralized applications offering personalized Web3 services with zero-knowledge cryptography.

    Cryptocurrency and Blockchain: How can it change India?
    A cryptocurrency is a form of digital or virtual currency created to work as a medium of exchange. These are finite entries which can’t be modified.
    StartupTalkyYash Gupta

    Aleo – Products and Services

    Aleo offers multiple products to its developers:

    • Aleo Developer Docs for guiding developers to start building on Aleo
    • Leo Programming Language for zero-knowledge application
    • Aleo Explorer- A block explorer and scanner for Aleo Testnet 3
    • Aleo Studio is an IDE to develop zero-knowledge applications

    Aleo – Challenges Faced

    It’s the responsibility of service providers to manage users’ confidential data that could risk their business in the event of improper storage, processing, and disclosure. Aleo’s developers believe that this could be quite problematic.

    Aleo – Funding and Investors

    Aleo has undertaken 3 funding rounds and successfully raised a total of $298 million. Its latest funding round – Series B Round, was conducted on February 7, 2022, and raised a total of $70 million. 19 investors, of which 3 lead investors fund the company. The main ones are Kora, Sea, SoftBank Vision Fund, and Andreessen Horowitz.

    Date Round Number of Investors Money Raised Lead Investor
    February 7, 2022 Series B 2 $70 million SoftBank Vision Fund
    February 7, 2022 Series B 7 $200 million Kora, SoftBank Vision Fund
    April 20, 2021 Series A 14 $28 million Andreessen Horowitz

    Aleo – Patents and Trademarks

    The company has 10 registered trademarks, and the most popular category is ‘‘Scientific and Technological Services.’’

    Aleo – Growth

    The estimated annual revenue of Aleo in 2022 is $4.5 million ($79,800 per employee). Its current valuation as of February 2022 is 1.4 billion. Moreover, its employee count grew by 44% last year. Moreover, the company’s monthly website visits figure is more than 19,400, and its growth rate is -38.52%.

    Aleo – Partners

    Aleo partnered with Forte in 2022.

    Aleo – Competitors

    Aleo ranks 7th among its 736 active competitors. Some of its main competitors are:

    • Brilliance Technology
    • Harmony
    • Fraction
    • Black Ink Tech
    • ConsenSys
    • Bloq
    • Gem

    Aleo – Future Plan

    The primary focus of Aleo is to launch the mainnet in July 2023. Moreover, the company plans to launch additional milestones throughout Testnet 3 Phase III, including launching AleoBFT and enabling staking, adding Marlin Batch Proving to snarkVM, and more.

    FAQs

    Who are the founders of Aleo?

    Collin Chin, Raymond Chu, and Howard Wu are the co-founders of Aleo.

    What does Aleo do?

    Aleo is an innovative platform that uses zero-knowledge proofs to enable developers to build private applications.

    What are the products and services offered by Aleo?

    Aleo offers multiple products to its developers:

    • Aleo Developer Docs for guiding developers to start building on Aleo
    • Leo Programming Language for zero-knowledge application
    • Aleo Explorer- A block explorer and scanner for Aleo Testnet 3
    • Aleo Studio is an IDE to develop zero-knowledge applications

    Who are the main competitors of Aleo?

    Some of Aleo’s main competitors are:

    • Brilliance Technology
    • Harmony
    • Fraction
    • Black Ink Tech
    • ConsenSys
    • Bloq
    • Gem

  • Balaji Wafers: Offering Quality at an Affordable Price

    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 Balaji Wafers.

    As someone said, “Food is our common ground, a universal experience.” Most people enjoy eating food as it adds spectacular joy to their life. Thanks to our food manufacturing industries for always coming up with a wide variety of food and snacks to relish.

    Lately, food processing and manufacturing have become very successful in terms of the global economy. Today, food production is no longer just a local business because food is now transported around the world, allowing a huge variety of goods to be sold in our supermarkets. Consider the Indian food industry which plays a dominant role in shaping the country’s socio-economic impact.

    One such Indian food manufacturer company is Balaji Wafers, which was founded by Chandubhai Virani and his two brothers Bikhubhai Virani and Kanubhai Virani in 1974 in Gujarat, India.

    This article covers all the relevant information on Balaji Wafers, such as its startup story, mission and vision, product details, and more.

    Company Highlights

    Company Name Balaji Wafers Pvt. Ltd.
    Headquarters Rajkot, Gujarat, India
    Sector Food Manufacturing
    Founders Bhikhubhai Virani, Chandubhai Virani, and Kanubhai Virani
    Founded In 1974
    Website Balajiwafers.com

    Balaji Wafers – About
    Balaji Wafers – Industry Details
    Balaji Wafers – Founders and Team
    Balaji Wafers – Startup Story
    Balaji Wafers – Mission and Vision
    Balaji Wafers – Name, Tagline, Logo
    Balaji Wafers – Business and Revenue Model
    Balaji Wafers – Employees
    Balaji Wafers – Challenges Faced
    Balaji Wafers – Growth
    Balaji Wafers – Advertisements and Social Media Campaigns
    Balaji Wafers – Competitors
    Balaji Wafers – Future Plan

    Balaji Wafers – About

    Balaji Wafers is a significant manufacturer and distributor of snack foods. It manufactures and sells a range of grain-based snacks, including potato chips. The company exports most of its products to international markets like the United States, United Arab Emirates, United Kingdom, and Australia. In its manufacturing facilities in Rajkot and Valsad, the company has over 1800 employees. The company is a member of the Snacks Food Association.

    With 4 factories now operating in India, Balaji can process 6.5 million kg of potatoes and 10 million kg of snacks and savories every day. In addition to potato wafers, Balaji also makes over 30 other salty snacks and savory foods.

    Balaji Wafers – Industry Details

    Balaji Wafers belongs to the food processing or manufacturing industry.

    Technological innovations in the food manufacturing industry have helped in increasing the demand for processed food in the last few years.

    The size of the food processing market, which was estimated to be worth US$143.51 billion in 2020, is expected to increase to US$235.67 billion by 2028, with a CAGR of 6.6% between 2021 and 2028.

    From Seed to Snack: The Success Story of Happilo
    Happilo is a gourmet healthy food brand that offers a range of nuts, berries, trail mixes, etc. Check out the story of Happilo, its founder, its business model, and more.
    StartupTalkyShalini Rath

    Balaji Wafers – Founders and Team

    Balaji Wafers was founded by three siblings: Bhikhubhai Virani, Chandubhai Virani, and Kanubhai Virani in 1974.

    Chadhubhai Virani and his two brothers Bhikhubhai Virani and Kanubhai Virani were born in a small village near the Jamnagar district of Gujarat. The three brothers started the company with a very nominal amount that their father had given to them.

    Chandubhai Virani - Founder, Balaji Wafers
    Chandubhai Virani – Founder, Balaji Wafers

    With primary education and not much experience in doing business, the three brothers established their own business of making potato wafers.

    This is what Chandubhai Virani says about his company, “We never started the business with the aim of making money. We wanted to do something good and meaningful. Today, when we pass on our venture to the next generation, we would like them to continue the business with the same discipline.“

    Shyam Virani

    Shyam Virani, son of Kanubhai Virani overlooks the overall sales and marketing operations and is Director at Balaji Wafers. He graduated from Clark University with a bachelor’s degree in Economics. Before joining Balaji, Shyam has been associated with companies like EY and E2Exchange.

    Shyam Virani - Director, and Sales and Marketing Specialist, Balaji Wafers
    Shyam Virani – Director, and Sales and Marketing Specialist, Balaji Wafers

    Balaji Wafers – Startup Story

    The story of Balaji Wafers is no less than a story of a movie. It all started when the three Virani brothers moved to Rajkot to start a new business.

    They came to Rajkot with Rs 20,000, which their father had given them. Their father had to sell their land because of the drought that hit their village. The trio started a business of fertilizers and farm equipment. Sadly, the business did not run well and they lost all their money.

    Leaving no other option, the three brothers had to take a job at the Astron Cinema. Upon seeing their hard work and dedication, the canteen owner handed them a contract to run the canteen at a rent of Rs 1,000 per month. Soon after, they started making potato wafers and sandwiches, and various other items in the canteen.

    As their business was starting to boom, they came up with their company name, ‘Balaji‘. They took the name from the Hanuman temple which was located near the canteen.

    Hardships continued for the three brothers. Chandubhai took a loan of Rs 50 lakh in 1989 to set up their own factory near the Aji GIDC area of Rajkot. The factory was then Gujarat’s biggest potato wafer plant. In their initial days, the company used to earn around Rs20,000 to Rs30,000 per month.

    Finally, when the company Balaji was formed as Balaji Wafers Private Limited in 1992, the business slowly started to pick up. In 2000, Balaji Wafers became a fully automatic plant. By just focusing on quality and affordable pricing strategy, the Virani brothers’ company Balaji stood against giants like Uncle Chipps, PepsiCo, Binnies, and Simba during that time.

    Chandubhai Virani mentions, “My motto was to serve the customers and give them the best quality products at an affordable price. And now we are the largest regional potato wafers and snacks brand in the western states of India, including Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Goa.

    In 2014, Balaji Wafers became a leading snacks player in the Gujarat market.

    Presently, the company has four plants at Rajkot, Valsad, Vadodara, and Indore with a total processing capacity to manufacture 100,000 kg of potato wafers, along with 500,000 kg of savories per day.

    Balaji Wafers – Mission and Vision

    Balaji Wafers’ motto is, “customer is king“. They strive to serve good quality at reasonable prices. They believe that by serving customers good and quality-based products they can satisfy their customers and that they will always choose Balaji Wafers over other brands.

    ‘Balaji’ is another name for the Hindu God, Hanuman. The three founders had a strong faith in their lord and took the name from the Hanuman temple near the canteen, where they first started their business.

    Balaji Wafers - Logo
    Balaji Wafers – Logo

    Balaji Wafers – Business and Revenue Model

    Balaji Wafers manufactures and distributes a wide range of potato chips and other snacks in India. Their products are also exported to other countries like USA, UK, UAE, and Australia.

    Range of Products offered by Balaji Wafers
    Range of Products offered by Balaji Wafers

    The company has three main product categories through which it carries out its business:

    Wafers – Consisting of 12 Products

    Stack Up, Wafers- Chaat Chaska, Stack Up Salted, Crunchex- Chilli Tadka, Wafers- Masala Masti, Wafers- Tomato Twist, Wafers- Cream & Onion, Peri Peri Wafers, Sizzling Chilli, Wafers- Simply Salted, Wafers- Pizzy Masala, Crunchex- Simply Salted, and Rumbles- Pudina Twist.

    Range of Wafers offered by Balaji Wafers
    Range of Wafers offered by Balaji Wafers

    Namkeen – Consisting of 23 Products

    Yumstix, Punjabi Tadka, Aloo Sev, Farali Chevdo, Khatta Mitha Mix, Tikha Mitha Mix, Bhujia Sev, Mitha Farali Chiwda, Khatta Mitha Mix, Chana Jor Garam, Bhel Mix, Mung Dal, Chana Dal, Nimbu Shing Bhujia, Salted Peanuts, Shing Bhujia, Masala Shing, Classic Sev, Gathiya, Ratlami Sev, Sev Murmura,  Masala Peas, Masala Sev Murmura, and Sago Balls.

    Range of Namkeen offered by Balaji Wafers
    Range of Namkeen offered by Balaji Wafers

    Western Snacks – Consisting of 12 Products

    PopringsMoon Crunchies- Masala, Flamin Hot Nachos- Yummy Cheese, Chataka Pataka- Flamin Hot, Poprings Masala, Gippi Noodles, Chataka Pataka- Chinese Chaska, Tomato Salsa Nachos, Funne-Spicy Punch, and Scoopitos.

    Range of Western Snacks offered by Balaji Wafers
    Range of Western Snacks offered by Balaji Wafers

    The company focused on one market at a time and now has a presence in over 11 states in India. Being one of the top leaders in potato wafers in India, the company generated a revenue of $500 million in 2021.

    Balaji Wafers – Employees

    The current number of employees working at Balaji Wafers is around 5000. It is one of the few companies where women make up almost 50% of the workforce.

    Balaji Wafers – Challenges Faced

    In the initial days of doing business, Balaji Wafers had to face a lot of hurdles. From buying potatoes and cutting machines, everything seemed too expensive for the three brothers. They did not have enough manpower so Chandubhai used to travel around supplying potato wafers to shopkeepers. They had to deal with criticism from shopkeepers and dealers who would find their potato wafers stale and not tasty.

    Another challenge the company had to face was in 2018 when there were power cuts in Gujarat. At its Rajkot manufacturing facility, which processed about 8 lakh kg of potato wafers then and 10 lakh kg of snacks every hour, even a minute of power loss before the generator kicked in resulted in some significant waste and loss for the company.

    However, the trio did not lose hope and continued exploring other ways focusing only on quality. Today, the company is considered to be a top player in the food processing industry in India, especially in the western part of India.

    Balaji Wafers – Growth

    By looking at the timeline, one can surely say that Balaji Wafers has shown outstanding growth since its inception.

    The company was dubbed the “Sultan of Wafers” by The Economic Times.  As per Euromonitor, the company has increased its market share of local potato and vegetable chips from 9.5% in 2008 to 13.7% in 2012. With a 71% market share, Balaji also rules the Western market.  It holds a 90% share in Gujarat, its home state.

    To expand its product range, it also formed a joint venture to produce frozen specialties like French fries under the name Iscon Balaji Foods with SP Chips Potato Pvt Ltd and the renowned real estate company Iscon Group.

    Balaji Wafers – Advertisements and Social Media Campaigns

    In 2019, Balaji Wafers roped in famous Bollywood actor Ayushmann Khurrana for their advertisement. With the unique headline ‘Kam Hawa, Wafers Zyaada And Flavors Wah Wah’ the ad by Balaji Wafers intend to tell its audience that the company not only sells quantity wafers but also mouthwatering different flavors.

    Here is the full advertisement:

    Balaji Wafers – Ayushmann @ the Airport

    Balaji Wafers – Competitors

    The top competitors of Balaji Wafers are:

    Balaji Wafers – Future Plan

    Balaji Wafers has always maintained its consistency in offering quality items at affordable prices. As it is already a main player in Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh, the company aims to supply and distribute in Delhi-NCR, South and East India. Furthermore, the company is also going to launch new products, such as ethnic snacks, and wafer biscuits.

    FAQs

    Who are the founders of Balaji Wafers?

    Balaji Wafers was founded by three siblings: Bhikhubhai Virani, Chandubhai Virani, and Kanubhai Virani in 1974.

    What are the products offered by Balaji Wafers?

    The company has three main product categories through which it carries out its business: Wafers, Namkeen, and Western Snacks offering more than 30 products.

    Who are the main competitors of Balaji Wafers?

    The top competitors of Balaji Wafers are:

    • Frito Lay
    • NH Foods
    • Gopal Namkeen
    • Haldirams
    • Bikaji

  • Wintor AR Tours: The Future of Tour Guide

    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 Wintor.

    The age of the internet has completely changed the way people used to live and the lifestyle they now lead. Technology has taken the human lifestyle to the next level and made many things possible for us to experience. One such image is to have a virtual tour of the dream place, which is far away from your eyes for a certain time.

    Another thing to add to the same list is to have an augmented reality-based storytelling experience of the places you visit.

    To enable that experience, Wintor has created an easy-to-use platform for experiencing Augmented Reality Tours. Check ahead to learn more about Wintor and its details, such as its startup story, industry, mission and vision, and other similar aspects.

    Wintor – Company Highlights

    Startup Name Wintor
    Headquarters Amsterdam, Netherlands
    Industry Augmented Reality, Tourism
    Founder Jaap Gielink, Ivo-Paul Tummers
    Founded 2021
    Website wintor.com

    Wintor – About
    Wintor – Industry
    Wintor – Startup Story
    Wintor – Mission and Vision
    Wintor – Products and Services

    Wintor – About

    Wintor was introduced to the world on 1 July 2021 by Jaap Gielink. It is a platform that allows a revolutionary method of creating tours with the help of AR. Wintor AR provides an easy method of combining the advantage of an in-person tour guide with a self-paced tour map.

    It also enables the user to have a first-hand experience of the places without the need of having any coding knowledge. One can easily create their own tours and can also look at the work created by others.

    Wintor allows the introduction of a place easy and interesting. It is a great tool to learn history. It can be of great help in museums, historical locations, corporation onboarding, and getting knowledge about new places.

    Wintor – Industry

    Augmented Reality is the computer-based information superimposed on the real imaginary world in real-time in order to get a better advantage from it. AR is widely used in the industries like e-commerce, retail, real estate, tourism, healthcare, education, etc.

    Augmented Reality is nowhere near achieving its full market potential. As with the introduction of multiple wireless techniques and the presence of AR, the possibilities of its application are endless.

    With the easy integration of mobile devices and home-based applications, the content experience can easily be enhanced. With the scope of AR, many new companies are looking forward to entering the market. Companies like Vuzix and Meta have partnered with other technology giants to improve their presence in the market.

    In 2021, the global AR compound market was estimated at USD 25.33 billion as per the data shared by Grand View Research. The global market is expected to grow at a CAGR of 40.9% for the years 2022-2030.

    The global AR market is divided into multiple application areas. The areas are Aerospace and defense, automotive, education, commerce and retail, gaming and entertainment, healthcare, industrial and manufacturing, and others. Amongst all, the manufacturing and industrial segment of AR is known to dominate other segments in revenue for the year 2021.

    Wintor – Startup Story

    Wintor - Team
    Wintor – Team

    Wintor was introduced to the world by Jaap Gielink. It is a no-code platform. The platform Wintor is made from the observation of platforms like Wix and WordPress. It was made for people to use without relying on the need for coding. Just the way Wix and WordPress allow their users to create a website without the need of going through the mess of coding.

    Wintor is very much similar to those platforms with the change in its specification. Wintor is used for AR-based tours.

    Before actually introducing Wintor to the world, it was created in stealth mode. Three months prior to its introduction to the world, the beta program was introduced to the people by the means of multiple platforms like Facebook, Instagram, and LinkedIn.

    This activity allowed Wintor to get a few starting users from there who were also then included in the close relation of the companies decisions. At a later stage, those users were converted to a partner or respected clients of Wintor.

    The overall process was quite challenging and this led to the postponement of the launch date to a longer time.

    However, in end, the whole process is worth it. Now Wintor has successfully launched multiple public tours to discover cities and museums.

    8 Best No Code Website Builders for Website Creation in 2023
    Want to create a professional-looking website without any coding experience? Check out our list of the best no code website builders of 2023.
    StartupTalkyRishabh Rathi

    Wintor – Mission and Vision

    Wintor is introducing the future of travel: location-based storytelling using augmented reality (AR) tours. With its application, visitors can explore city centers, museums, or heritage sites and uncover hidden stories about the places they visit. Augmented reality makes history and information come to life.

    And its app is more than just a fun and engaging way for tourists and visitors to explore: it’s also a valuable learning tool. Corporations use Wintor for gamification of the onboarding process using an onboarding AR tour.

    Those at Wintor believe that AR will have a profound impact on the way we consume media. Therefore, they enable anyone without any technical background to create AR tours themselves using their app. Using drag and drop, one can pin media to the real world and create a story.

    Their goal is to create a tightly knit group of diverse co-workers to complement each other’s capabilities. The hybrid team will be united by a single goal of making AR tours accessible to anyone.

    Wintor – Products and Services

    Wintor Website
    Wintor Website

    Wintor AR Tours are the newest kid on the block among the AR development platforms. The company is inspired by Canva and Wix and is the simplest tool to use to create augmented reality (AR) tours without any technical knowledge.

    An AR tour is like a guided tour, but one that visitors can do at their own pace and completely enriched with digital media at the location. It’s the best tool if you want to create a museum-, city-, or heritage tour.

    It’s also a great tool for employee onboarding tours at your company in a gamified way. Wintor calls that location-based learning using AR.

    Features offered by Wintor AR Tours:

    • An app for shopping mode iPhone and Android to easily create AR tours at the location using drag and drop
    • No need for markers or QR codes at location: Wintor AR Tours can recognize your environment based on the object or location using its own positioning system
    • A Web manager to upload and manage media such as 3D models, videos, virtual guides, and more from your PC
    • You can publish AR tours and make them visible for visitors easily
    • Wintor AR Tours can be used indoors and outdoor

    Pricing of Wintor AR Tours

    Wintor offers a 14-day free trial of their software. Their pricing is based on a creator account with an optional publishing bundle combined.

    There are 3 creator accounts: play, essential and professional, which costs 7, 49, and 299 euros respectively. A publishing bundle is needed if you want to offer your tour to more visitors and publish it on the discover page of the app.

    There are 3 publishing bundles, that start at 250 euros a month for 5.000 AR spot visits/month, 500 euros a month for 15.000 AR spot visits/month, and 1250 euros a month for 50.000 AR spot visits/month.

    Top 16 AR Startups in India | 2022-Updated List
    Here is the list of Top 16 AR Startups in India. These Augmented Reality focused Companies are changing the human lifestyle and businesses.
    StartupTalkyAnagha S

    Conclusion

    Wintor is a revolutionary platform introduced in the market of augmented reality. It is more than just a tour guide for interested people. With Wintor, one can easily impose information from the real world onto computer-based data in real time.

    The platform comes with a free 14-day trial and a premium plan. The idea to start the platform came from platforms like Wix and WordPress. It simplifies the process of creating a tour at your own pace.

    FAQs

    Who is the CEO of Wintor?

    Jaap Gielink is the CEO of Wintor.

    When was Wintor founded?

    Wintor was founded on July 1st, 2021.

    What does Wintor do?

    Wintor is a platform that allows a revolutionary method of creating tours with the help of AR.

  • Aledade: Empowering Physicians with Innovative, Value-Based Solutions

    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 Aledade.

    Primary care providers are known to manage everyday health needs. A long-term relationship with them can keep people healthier and reduce medical costs. The healthcare landscape is evolving at a faster rate. Moreover, it’s a challenging time to set up an independent primary care practice.

    But with little help from a reliable partner, these primary care practices can provide high-quality care to the communities. All they need is someone like Aledade, that can provide personalized, on-the-ground support. Aledade is a population health leader offering a new primary care model, enabling physicians to build strong, impactful relationships with their patients.

    This article will guide you on Aledade, its startup story, founders, team, funding, growth, products, investors, and more.

    Aledade – Company Highlights

    Company Name Aledade
    Headquarters Bethesda, Maryland, United States
    Sector Hospitals and Healthcare
    Founders Farzad Mostashari, Mat Kendall
    Founded In 2014
    Revenue $1.9 B (2021)
    Website Aledade.com

    Aledade – About
    Aledade – Founders and Team
    Aledade – Startup Story
    Aledade – Mission and Vision
    Aledade – Business Model
    Aledade – Products and Services
    Aledade – Challenges Faced
    Aledade – Funding and Investors
    Aledade – Mergers and Acquisitions
    Aledade – Growth
    Aledade – Partners
    Aledade – Awards and Achievements
    Aledade – Competitors
    Aledade – Future Plan

    Aledade – About

    Aledade is a public benefit corporation and the largest network of independent PCP (primary care practice) in the United States. It uses innovative, value-based solutions to help independent practices, clinics, and health centers thrive and deliver better patient care.

    Primary care physicians use the company’s proven, scalable model that includes cutting-edge data analytics, health care policy expertise, user-friendly guided workflows, strong payer relationships, and integrated care solutions to keep people healthy and succeed financially.

    With over 1,500 practices in 45 states and the District of Columbia, Aledade is responsible for the lives of more than 2 million patients.

    Aledade – Founders and Team

    Farzad Mostashari and Mat Kendall are the co-founders of Aledade.

    Farzad Mostashari

    Regarding Farzad Mostashari’s qualifications, he completed an A.B. in Biochem, an MSc in Population Health, and an M.D. in Medicine.

    Currently, he is the co-founder and C.E.O. at Aledade. He has also worked as assistant commissioner, deputy national coordinator, and national coordinator for health I.T. in leading organizations.

    Farzad Mostashari - Co-founder and CEO, Aledade
    Farzad Mostashari – Co-founder and CEO, Aledade

    Mat Kendall

    Co-founder and President at Aledade, Mat Kendall graduated with a degree in M.P.H. and a B.A. in History from Haverford College. He has diverse work experience as he held the role of executive director, consultant, director of operations, and director of the office of provider adoption support.

    Mat Kendall - Co-founder and President, Aledade
    Mat Kendall – Co-founder and President, Aledade

    Talking about the company’s team, Aledade is working with more than 1100 employees.

    Aledade – Startup Story

    Farzad Mostashari very well knew that small, independent primary care physicians had the potential to succeed in the new value-based care policies emerging in Washington, D.C. Dr. Mostashari, as the National Coordinator for Health Information Technology Office’s head with the U.S. Department of H.H.S., directed the development of the I.T. infrastructure designed to minimize costs and improve patient outcomes.

    He left Washington in 2014 and launched Aledade with seed funding from Venrock. S.V.B. understood the potential of the company’s business model and commenced its banking relationship in 2014 with a small $2 million growth capital term loan.

    In 2022, the company announced that it created more than $800 million in total savings for the healthcare system.

    Healthcare Business Ideas in India | Medical Business Ideas
    The Healthcare industry is growing rapidly and so are the healthcare businesses. Here’s the list of the best healthcare & medical business Ideas.
    StartupTalkyArbaz Sayed

    Aledade – Mission and Vision

    The company aims to change and improve the healthcare system.

    Aledade – Business Model

    Independent PCPs (primary care providers) and community health centers wanting to participate in the Medical Shared Savings Program, government programs, or available commercial contracts join an Aledade accountable care organization (A.C.O.) along with other healthcare professionals in their area.

    Instead of owning or managing healthcare providers’ practices, the company is committed to true clinical and operational autonomy for its partners. Aledade provides providers clarity, simplicity, and support while aligning physicians’ incomes with their patients’ outcomes. The company’s SaaS technology provides access to cutting-edge analytics and integrated data insights, including patient worklists for identifying high-priority action items.

    Aledade – Business Model

    The company offers workflow optimization, A.C.O. governance, policy expertise, contracting support, and the Aledade app.

    Aledade – Challenges Faced

    Aledade experienced several unknowns, including an unproven, uncharted territory based on new policies, calculation of cost savings once a year, and no guarantee of targeted cost savings for participants.

    Aledade – Funding and Investors

    Aledade has undertaken 8 funding rounds and has succeeded in raising a total of $417.9 million. Series E Round is the latest funding round and was conducted on June 6, 2022, and raised $123 million. 13 investors back the company with 7 lead ones, and these are OMERS Growth Equity, Fidelity Management, Research Company, Meritech Capital Partners, Mosaic Health Solutions, and Echo Health Ventures.

    Date Round Number of Investors Money Raised Lead Investor
    June 6, 2022 Series E 2 $123 million OMERS Growth Equity
    January 19, 2021 Series D 4 $100 million Meritech Capital Partners
    April 20, 2020 Series C 5 $64 million OMERS Growth Equity
    January 19, 2019 Corporate Round 2 $10 million Echo Health Ventures, Mosaic Health Solutions
    December 19, 2012 Series C 3 $46.1 million Biomatics Capital Partners, Venrock
    March 8, 2017 Series B 5 $40.2 million Biomatics Capital Partners
    June 15, 2015 Series B 2 $30 million ARCH Venture Partners
    June 18, 2014 Series A 1 $4.5 million Venrock

    Aledade – Mergers and Acquisitions

    The company’s acquisitions include Curia.ai as of February 20, 2023, and Iris Healthcare as of January 11, 2022.

    Aledade – Growth

    The estimated annual revenue of Aledade is $171 million ($149,712 per employee) in 2022. The company’s current valuation as of 2021 is 1.9 billion. Moreover, its employee count elevated by 54% last year. Moreover, the monthly website visits figure is over 31,000, and its growth rate is 90.46%.

    Value-based Care Program for Residents – Aledade FIRST

    Aledade – Partners

    Aledade has partnered with the following:

    • Elevance Health
    • Green Spring Internal Medicine
    • CareFirst BlueCross BlueShield
    • Horizon BCBS J.J.
    • AFMC
    • Humana

    Aledade – Awards and Achievements

    Aledade has been rewarded with many prestigious awards for its contribution to the healthcare industry, and these are:

    • Best And Brightest Companies to Work for in the Nation Winner 2022
    • Glassdoor Best Places to Work 2022
    • Top Diversity Employer 2022 by Diversity Jobs
    • Top Work Places 2022 by Healthcare Industry
    • Top Employer 2021 by Diversity Jobs
    • Best Tech for Good Winner 2020 Washington DC, Timmy Awards by Tech In Motion

    Aledade – Competitors

    Some of its main competitors are:

    • Motionsoft
    • WellDoc
    • Get Real Health
    • Association for Molecular Pathology
    • Precise Telehealth
    • OrthoBethesda
    • ICmed

    Aledade – Future Plan

    Aledade plans to expand its State Policy Program, now running in eight states. Along with telehealth, the company is focused on mandated minimum primary care spend.

    FAQs

    When was Aledade founded?

    Aledade was founded in 2014.

    Who are the founders of Aledade?

    Farzad Mostashari and Mat Kendall founded Aledade.

    What does Aledade do?

    Aledade is a population health leader offering a new primary care model, enabling physicians to build strong, impactful relationships with their patients.

    Who are the main competitors of Aledade?

    Some of its main competitors are:

    • Motionsoft
    • WellDoc
    • Get Real Health
    • Association for Molecular Pathology
    • Precise Telehealth
    • OrthoBethesda
    • ICmed

  • FedEx Corporation Success Story: Delivering Excellence

    E-commerce has revolutionized the way we shop, with online marketplaces and services becoming an integral part of our daily lives. From ordering groceries to purchasing electronics, the convenience of online shopping has transformed the retail landscape. Behind the scenes, the transportation industry plays a crucial role in ensuring these goods are delivered to our doorsteps in a timely manner.

    One prominent name in this industry is FedEx, a global leader in logistics and courier services. In this article, let’s learn about FedEx, including how it started, its business and revenue model, and more.

    FedEx – Company Highlights

    Company Name FedEx Corporation
    Headquarters Memphis, Tennessee, US
    Industry E-commerce services, Transportation
    Founded 1971
    Founder Frederick W. Smith
    Website fedex.com

    FedEx – About
    FedEx – Industry
    FedEx – Founder and Team
    FedEx – Startup Story
    FedEx – Mission and Vision
    FedEx – Name, Tagline, and Logo
    FedEx – Business Model
    FedEx – Revenue Model
    FedEx – Employees
    FedEx – Challenges Faced
    FedEx – Acquisitions
    FedEx – Growth
    FedEx – Competitors
    FedEx – Awards and Achievements

    FedEx – About

    FedEx is a global courier company that has seen success in recent years due to the growth of online shopping. It is a global provider of transportation, eCommerce, and business services, offering customers an extensive portfolio of services. FedEx operates its own companies, which include FedEx Services and FedEx Freight. The FedEx Services segment consists of the company’s package delivery business and freight forwarding services. The FedEx Freight segment consists of the company’s truckload freight operations and other companies within the holding group.

    The company delivers packages to customers’ doorsteps, wherever they are in the world. As online shopping continues to grow, this has meant more and more parcels for FedEx Corp drivers, whom investors have applauded for their cutthroat efficiency. FedEx companies include FedEx Express, which focuses on air delivery services; FedEx Ground, which specializes in ground shipping; and FedEx Freight, a heavy freight service. FedEx’s deep industry expertise and well-established logistics supply chain make it a leader in eCommerce and help it tap into customers’ needs. Its success has been reflected in its stock value and profit forecasts. The company is also one of the biggest rivals of United Parcel Service (UPS).

    How to Ship a Package With FedEx

    FedEx – Industry

    Transportation and eCommerce services have a promising future in the US with the introduction of drone delivery systems. Many brands are now utilizing these services to meet consumer demand, and logistics companies are increasingly turning to channel sales for delivery services. Same-day deliveries are becoming more common as consumers expect quick service from their favorite brands. With enough potential seen in this new technology, tech giants like Amazon are investing heavily in drone delivery systems and seeking ways to reduce shipping fees for consumers.

    Logistics companies are already implementing various cloud service providers to facilitate the transportation industry’s digital transformation. The increasing use of automation and analytics in the transportation industry is enabling businesses to optimize their profit streams while providing better customer service. In addition, party logistics, warehousing, and supply chain have been revolutionized by tech startups that are providing efficient solutions for the transportation industry. This has enabled commerce supply chains to become more seamless, cost-effective, and secure for both consumers and businesses alike.

    As commerce fulfillment services continue to develop, they will open up new career opportunities and allow entrepreneurs and business owners alike to establish operations that are more efficient than ever before. Furthermore, there is potential for greater innovation in supply lines that could benefit both producers and consumers by providing better access to goods at a lower cost.

    The market for worldwide eCommerce logistics, which was estimated to be worth USD 315.82 billion in 2022, is projected to grow at a CAGR of 22.3% from 2023 to 2030.

    Top 7 Best and Reliable Logistics for Your D2C Ecommerce Brand
    If you’re a D2C brand you know how important a reliable logistics service provider is. Here are the top 7 logistics for D2C.
    StartupTalkyArbaz Sayed

    FedEx – Founder and Team

    The foundation of the company dates back to Little Rock, Arkansas in 1971. It was founded by Frederick W. Smith.

    Frederick W. Smith

    Frederick W. Smith - Founder and Executive Chairman, FedEx
    Frederick W. Smith – Founder and Executive Chairman, FedEx

    Frederick W. Smith is the founder and Executive Chairman of FedEx, a renowned logistics and courier company. Born in 1944, Smith hails from Memphis, Tennessee, and holds a Bachelor’s degree in Economics from Yale University. He served in the U.S. Marine Corps for three years. After that, with his visionary leadership and entrepreneurial spirit, Smith established FedEx in 1971, revolutionizing the transportation industry and pioneering the concept of overnight express delivery. Smith stepped down from the position of CEO in June 2022, to become the Executive Chairman and was replaced by Raj Subramaniam.

    Raj Subramaniam

    Raj Subramaniam - President and CEO, FedEx
    Raj Subramaniam – President and CEO, FedEx

    Raj Subramaniam is currently serving as the President and Chief Executive Officer of FedEx Corporation. With a wealth of experience in the logistics sector, Subramaniam has been instrumental in driving FedEx’s global strategies and operations. He holds a Bachelor’s degree in Chemical Engineering from the Indian Institute of Technology (IIT) and a Master’s degree in Chemical Engineering from Syracuse University. Subramaniam’s expertise and contributions have been vital to FedEx’s continued success as a leading player in the logistics and e-commerce space.

    FedEx – Startup Story

    The company was founded in Little Rock, Arkansas, in 1971 as Federal Express Corporation. FedEx’s startup story began in 1971 when Smith conceptualized the idea of an urgent delivery system in a term paper. Despite initial doubts, Smith founded Federal Express Corporation in Little Rock, Arkansas, and began formal operations in 1973 after moving to Memphis, Tennessee. With a focus on providing reliable and efficient delivery services, FedEx quickly gained momentum, reaching a billion dollars in revenues by 1983. The company expanded globally, acquiring major competitors like Flying Tiger Line in 1988 and officially adopting the nickname “FedEx” in 1994 for marketing purposes.

    FedEx is a leading provider of express shipping services within the express shipping industry. It is a major player in the parcel service and package delivery markets. In the industry, FedEx has set the standard and is now a direct competitor of the global leader, United Parcel Service (UPS). By becoming a global leader in express shipping, FedEx has set a new standard for the entire industry and created an ever-evolving marketplace for its customers.

    Today, FedEx is recognized as a global leader in logistics and courier services, with a remarkable journey that showcases the power of innovation and perseverance.

    FedEx – Mission and Vision

    The mission statement of the company reads as follows: “FedEx Corporation will produce superior financial returns for its shareowners by providing high value-added logistics, transportation, and related business services through focused operating companies.” The reputation of the company has been growing at a notable rate for the past few decades, so the company must keep up its value-based services.

    The vision is to be a dynamic and progressive courier service firm that leverages technology and impacts the lives of all people.

    FedEx Logo
    FedEx Logo

    FedEx was first named Federal Express Corporation, and this name continued till 1997. Later, the company was called FDX Corporation until 2000 and now it’s called FedEx. Still, the trade name of the company is FDX.

    FedEx logo seems tricky with its optical illusion. There goes a little white arrow between E and X, which depicts the speed, accuracy, and perfection of its services.

    The tagline of FedEx is “Where now meets next.”

    The slogans of the company are quite fascinating, like ‘Relax, it’s FedEx’, ‘The World On Time’, ‘We Understand, ‘We Live To Deliver’, and ‘Where Now Meets Next.” This feels like an energy-driving force, and so does the company.

    Top 8 Interesting Facts About FedEx You Might Not Know About
    FedEx has many facts revolving around itself that no one knows. Some of the most intriguing facts about FedEx have been shared.
    StartupTalkyAishani Biswas

    FedEx – Business Model

    FedEx’s business model and revenue model encapsulate FedEx’s capability to allow customers to ship goods worldwide. The business model of FedEx is based on four segments which are: Express segment, Ground segment, Freight segment, and Services.

    The Express Segment provides customers with the largest express transportation network in the world with access to more than 220 countries and territories. It also provides international shipping services, retail access, and other value-added services. The Ground Segment provides customers with cost-effective delivery options for shipments within the United States. The company’s business model is based on providing package delivery, freight services, and supply chain solutions to commercial trade across the globe.

    FedEx – Revenue Model

    FedEx generates revenue from its Express business, which includes domestic and international package delivery services. The company’s revenue model is based on three main services: transportation, eCommerce, and business solutions. FedEx also has subsidiaries such as FedEx Logistics and FedEx Trade Networks, which provide additional services such as global supply chains, customs brokerage, and freight forwarding. FedEx collaborates with other businesses to provide delivery services in other countries, and its recognized brand and worldwide hubs in over 220 countries and territories make it a leader in package delivery and business services.

    FedEx – Employees

    FedEx provides great deals to their employees for traveling. It also offers other common benefits like insurance policies and soft skill training. FedEx also allows its employees to pursue their education through the education assistance scheme.

    FedEx – Challenges Faced

    The complaints regarding the delay in the shipment process due to the pandemic, natural calamities, or any other natural reasons are a challenge that the company has faced.

    FedEx – Acquisitions

    FedEx Corporation, one of the first major shipping companies, has made a new acquisition of FedEx Express. This acquisition will enable the company to offer overnight delivery services and international freight shipping. In addition, it will expand its package delivery and air delivery services for customers. FedEx Logistics (formerly FedEx Trade Networks), a subsidiary of FedEx Corporation, is now an integral part of the company’s air network. It offers logistics solutions for international trade networks and customs brokers that are tailored to their customers’ needs.

    In 2020, FedEx acquired Tiger International and Flying Tiger, two international parcel delivery companies. This acquisition allowed it to expand its international delivery capabilities. FedEx also acquired P2P Mailing, a logistics company that provides last-mile delivery options for customers. Additionally, the acquisition of an eCommerce company and retailer will provide customers with more options for delivery. Finally, through the acquisition of Tiger International and Flying Tiger, FedEx will be able to better serve consumers with air cargo airline services.

    FedEx – Growth

    The FedEx Corporation is a global transportation services company with multiple subsidiaries, such as FedEx Supply Chain, FedEx Office, and FedEx Ground. It is the main competitor of UPS and its stated purpose is to drive growth by expanding its retail outlet network. The company acquired Rapidao Cometa in Brazil to strengthen its presence in the country’s express delivery market. The company also plans to expand its FedEx Freight business in Europe and Asia-Pacific regions.

    The acquisition of Gencos and Supaswift will help expand FedEx’s portfolio and Gencos’ expertise in supply chain services, while the move to acquire P2P’s capabilities will complement the company’s existing service offerings. In addition, the company’s strategy to represent Supaswift in Africa is a major step forward in its efforts to expand its African network.

    FedEx – Competitors

    The growing demand for supply chain services in the retail eCommerce sector has driven FedEx to invest heavily in automation, increased digitization, and options for warehouse automation. These measures have allowed FedEx to remain competitive with competitors like UPS and Amazon. The main competitors for FedEx also include DHL Supply Chain, APL Logistics, Agility Logistics, and Hub Group.

    United Parcel Services – Shipping With Confidence
    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 Uni. United Parcel Service is the world’s premier package delivery company and a leading provider of global supply chain management…
    StartupTalkyNivetha Senniappan

    FedEx – Awards and Achievements

    FedEx has been recognized as one of Fortune Magazine’s 100 best companies to work for in 2020. It also won the best work-life balance award in 2019. FedEx has the best rankings for CEOs and satisfied employee ratings.

    FAQs

    What does FedEx do?

    FedEx is a global courier company that has seen great success in recent years due to the growth of online shopping. It is a global provider of transportation, eCommerce, and business services, offering customers an extensive portfolio of services.

    When was FedEx founded?

    The foundation of the company dates back to Little Rock, Arkansas, in 1971.

    Who is the founder of FedEx Corporation?

    Frederick W. Smith is the founder of FedEx Corporation.

    Who is the CEO of FedEx Corporation?

    Raj Subramaniam is currently serving as the President and CEO of FedEx Corporation.

  • Alchemy: The Powerful Web3 Development Platform

    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 Alchemy.

    The popularity of Web3 is elevating continuously, and many companies, startups, and DAOs are searching for Web3 developers and blockchain developers. But what if we tell you that companies need not spend a fortune on hiring in-house skilled and experienced WEB3 and blockchain developers?

    Yes, you heard it right! With advanced technological innovations, you can use promising Web3 development platforms. These platforms help developers with blockchain development. And Alchemy is one such globally recognized Web3 development platform.

    A private company, Alchemy, is a blockchain scaling platform. Learn more about Alchemy, its startup story, founders, funding, investors, growth, products, patents, competitors, and more.

    Company Highlights

    Company Name Alchemy
    Headquarters San Francisco, California, United States
    Sector Software Development
    Founders Nikil Viswanathan, Joseph Lau
    Founded In 2017
    Revenue $10.2 B (2022)
    Website Alchemy.com

    Alchemy – About
    Alchemy – Founders and Team
    Alchemy – Startup Story
    Alchemy – Mission and Vision
    Alchemy – Business Model
    Alchemy – Revenue Model
    Alchemy – Products and Services
    Alchemy – Funding and Investors
    Alchemy – Mergers and Acquisitions
    Alchemy – Patents and Trademarks
    Alchemy – Growth
    Alchemy – Partners
    Alchemy – Awards and Achievements
    Alchemy – Competitors
    Alchemy – Future Plan

    Alchemy – About

    Alchemy offers the leading blockchain development platform empowering millions of users across 197 countries globally. With alchemy, companies can develop scalable and reliable decentralized applications without managing blockchain infrastructure in-house.

    Headquartered in the U.S., it has $1.5 billion in royalties to NFT creators with 10+ million end users. Many projects in the space, such as Cryptokitties, Radar Relay, Augur, OpenSea, etc., depend on Alchemy to support their core infrastructure requirements.

    Moreover, Alchemy invested its stakes in 2 leading companies- Soul Wallet and Shield.

    Top 10 Web3 Startups | Leading Web 3 Startups – 2022
    Web 3.0, promises a decentralised, free, and open exchange of digital information. Here is the list of Best 10 Web 3 Startups in 2022.
    StartupTalkyRia Puneyani

    Alchemy – Founders and Team

    Nikil Viswanathan and Joseph Lau are the co-founders of Alchemy.

    Nikil Viswanathan

    Nikil Viswanathan completed Bachelor’s and Master’s in Computer Science from Stanford University. Presently, he is working as co-founder and CEO of Alchemy. He was a product manager intern at Facebook, a teaching assistant at Stanford University, and an Engineer at Starnik Systems Inc.

    Nikil Viswanathan - Co-founder and CEO, Alchemy
    Nikil Viswanathan – Co-founder and CEO, Alchemy

    Joseph Lau

    After graduating from Stanford University with B.S. and M.S. in Computer Science, Joseph Lau is the co-founder and CTO of Alchemy. He worked as an associate technology manager intern at Google, a teaching assistant at Stanford University, and a software engineer at Pinterest.

    Joseph Lau - Co-founder and CTO, Alchemy
    Joseph Lau – Co-founder and CTO, Alchemy

    The team consists of engineers from MIT, Google, Stanford, Microsoft, and other startups. Alchemy currently employs over 200 employees.

    Alchemy – Startup Story

    Nikil Viswanathan and Joseph Lau had long ago figured out that software was the optimal way to reach people. But how to create the best impact was an open question. Both believed they found the answer to their question with Down to Lunch (a meet-up app), which was a hit initially, but the success soon halted.

    It was in 2017 that Nikil and Joseph founded Alchemy. They figured out that the blockchain industry is rife with hype and uncertainty. They realized developers struggle to set up blockchain applications and need better tools. Thus, they came up with the idea of Alchemy to impact how the entire world uses money.

    The company was publicly launched in August 2020. Since then, it has launched a venture capital arm- Alchemy Ventures, and an educational resource on blockchain development- Web3 University.

    Alchemy – Mission and Vision

    Alchemy’s vision is to bring blockchain to a billion people. Its primary aim is to provide developers with the fundamental building blocks to create the future of technology.

    Alchemy – Business Model

    Alchemy allows blockchain developers to securely create, test, and monitor decentralized apps (DApps). The platform provides developers with dependable network connectivity and node management endpoints.

    Alchemy simplifies decentralized development and provides remote nodes with features like Nodes. It further allows developers to send real-time push notifications to users for important events based on blockchain activities and their NFT API. Moreover, Alchemy provides several services allowing developers to instantly find, verify, and display NFTs across multiple blockchains.

    Alchemy – Revenue Model

    Alchemy earns revenue by charging for compute units. The company offers three plans- Free, Growth, and Enterprise plan. The ‘Growth’ plan is available for $49/ month, and the ‘Enterprise’ plan can be customized.

    Alchemy – Products and Services

    Alchemy offers a diverse line of products, categorized into APIs, Chains, Alchemy SDK, and Tools. These products include Supernode, NFT API, SDK, Notify, Enhanced APIs, Monitor, Composer, Build, Transact, Spearmint, Transaction Simulation, Easy Mint, Account Abstraction, and more. In addition, Alchemy University enables participants to earn their web3 degree.

    Products offered by Alchemy
    Products offered by Alchemy

    Alchemy – Funding and Investors

    Alchemy has undertaken 5 funding rounds and has raised a total of $563.9 million. It conducted the latest funding round – Series C Round on February 8, 2022, and raised a total of $200 million. The company is backed by 53 top founders, institutions, and execs in the technology industry. The main investors are Pantera, Coatue, a16z, Redpoint, Stanford University, Coinbase, Mayfields, SignalFire, and Lightspeed.

    Date Round Number of Investors Money Raised Lead Investor
    February 8, 2022 Series C 7 $200 million Lightspeed Venture Partners, Silver Lake
    October 28, 2021 Series C 8 $250 million Andreessen Horowitz
    April 28, 2021 Series B 20 $80 million Addition Coatue
    December 17, 2019 Series A 38 $15 million –
    April 17, 2019 Venture Round – $18.9 million –

    Alchemy – Mergers and Acquisitions

    Alchemy acquired 1 company, i.e., ChainShot, on August 25, 2022.

    Alchemy – Patents and Trademarks

    The company has 2 registered trademarks, with ‘Scientific and technological services’ being the most popular class.

    Alchemy: The $3.5 Billion Company Revolutionizing Blockchain | Forbes

    Alchemy – Growth

    With the company’s annual revenue estimated at $25.3 million per year ($125,845 per employee) in February 2022, its current valuation stands at $10.2 billion.

    Alchemy’s employee figure increased by 134%. Moreover, the monthly website visits are over 1,095,000, with a site growth rate of 27.23%.

    Alchemy – Partners

    The company has partnered with the following:

    • DraftKings
    • Socket
    • Dream3
    • Galaxy
    • Polygon
    • API3
    • Arbitrum
    • Optimism
    • Tribe Accelerator

    Alchemy – Awards and Achievements

    Some of the awards that Alchemy garnered are:

    • 57 Most Promising Fintech Startups by Business Insider
    • Most Innovative Fintech Companies by Forbes
    • 10 Most Promising Crypto Startups by Business Insider
    • Fintech 50 2021: The New Commers by Forbes
    • Fintech 250: 2022 by CBIInsights

    Alchemy – Competitors

    Here are some of its main competitors:

    • Kaleido
    • Amazon Managed Blockchain
    • Chainstack
    • BlockCypher
    • Azure Blockchain Workbench
    • IBM Blockchain Platform
    • Coinbase Cloud
    • Blockstream

    Alchemy – Future Plan

    The firm plans to double down on its commitment to meet developer needs in more places, making it much easier to unlock the potential of web3. Moreover, Alchemy is thinking of using its new capital toward high-quality hiring.

    FAQs

    When was Alchemy founded?

    Alchemy was founded in 2017.

    Who are the founders of Alchemy?

    Alchemy was founded by Nikil Viswanathan and Joseph Lau.

    What does Alchemy do?

    Alchemy is a Web3 development platform that helps developers with blockchain development. With alchemy, companies can develop scalable and reliable decentralized applications without managing blockchain infrastructure in-house.

    Who are the main competitors of Alchemy?

    Here are some of Alchemy’s main competitors:

    • Kaleido
    • Amazon Managed Blockchain
    • Chainstack
    • BlockCypher
    • Azure Blockchain Workbench
    • IBM Blockchain Platform
    • Coinbase Cloud
    • Blockstream

  • Comcast Success Story – Leading the Broadcasting and Cable Television Industry

    In the world of media and telecommunications, connectivity and enjoyment meet! This thriving sector is crucial for uniting people on a global scale and creating engaging and inspirational material. A wide variety of goods and services are offered in the growing and diverse telecom and media markets. Innovations in the delivery of communication, entertainment, and information are advancing it. In an increasingly interconnected world, this industry helps people remain in touch, communicate with one another, and access information and entertainment on a variety of platforms.

    A well-known name in this industry is Comcast, which has established itself as a major player in the media and telecom sectors. Comcast has established itself as a household name that is synonymous with innovation, connectivity, and entertainment thanks to its provision of high-speed internet and cutting-edge cable TV services, as well as its ownership of a diversified portfolio of media assets, including NBCUniversal, Universal Pictures, and theme parks.

    In this article, let’s delve deeper into knowing the story of Comcast, how it started, its business and revenue model, and more.

    Comcast – Company Highlights

    Company Name Comcast Corporation
    Headquarters Philadelphia, Pennsylvania, United States
    Sector Telecommunication, Media, Entertainment
    Founder Ralph J. Roberts
    Founded 1963
    Website corporate.combast.com

    Comcast – About
    Comcast – Industry
    Comcast – Founder and Team
    Comcast – Startup Story
    Comcast – Mission and Vision
    Comcast – Name, Tagline, and Logo
    Comcast – Business Model
    Comcast – Revenue Model
    Comcast – Employees
    Comcast – Challenges Faced
    Comcast – Funding
    Comcast – Acquisitions
    Comcast – Competitors

    Comcast – About

    Comcast is an American multinational telecommunications conglomerate, formerly known as American Cable Systems and Comcast Holdings. Comcast Corporation is one of the largest broadcasting and cable television companies in the world. It is a major American provider of entertainment, communications products, television entertainment, and Internet service.

    The company provides cable television, telephone services, and high-speed Internet service through its network of cable systems across the United States. It also offers video on demand, high-definition television, and telephone services over its cable systems in Pennsylvania (PA), New Jersey, Connecticut, and Delaware.

    The company’s cable communications segment consists of Comcast Cable, which provides cable television, high-speed internet, and telephone services to residential and business customers. Comcast also provides broadband video, digital cable television, and telephone services under the Xfinity brand. In addition to its cable communications segment, the company also provides wireless and other services through its Xfinity Mobile offerings. Furthermore, it owns and operates international cable networks as well as several broadcast networks such as NBCUniversal. Moreover, Comcast Digital offers digital video internet access through the Xfinity brand in select markets.

    Comcast Business provides communication services to small, medium, and large businesses and focuses on providing internet, cable television, and phone services. Comcast Corporation owns a considerable number of businesses across a variety of segments including NBCUniversal, Sky, and Peacock. The company has been in business for over 40 years and has grown to become one of the leading providers in the consumer streaming service industry.

    Comcast Ventures is the venture capital arm of Comcast Corporation and involves investments in other businesses. The company’s technology segment involves Comcast Technology Solutions, which provides technology solutions to customers. Its cable segment involves Comcast Spectacor, which is a sports and entertainment business.

    Comcast – Industry

    Telecommunication, media, and entertainment industries have become important fields of business, and shared consumer experiences have been enabled through technology companies and social media. Media leaders have harnessed management technology to create new business models that make fundamental choices in how organizations are managed. Comcast is a leading service provider in the sector and has sustained itself in the industry for a longer period with innovations.

    Biggest Media Conglomerates in United Sates
    Revenue in the Media market is projected to reach $477.90B in 2023. Discover the largest media companies shaping the media landscape in the US.
    StartupTalkyMahenoor Mansuri

    Comcast – Founder and Team

    Comcast was founded by Ralph J. Roberts with the purchase of American Cable Systems in 1963.

    Ralph J. Roberts

    Ralph J. Roberts - Founder, Comcast Corporation
    Ralph J. Roberts – Founder, Comcast Corporation

    Comcast was founded by Ralph Joel Roberts an American businessman who served as the CEO of Comcast for 46 years. His parents were Russian-Jewdish immigrants, who got rich in America because of the varied pharmacy ownerships they held. Roberts completed a four-year tour of duty in the US Navy after earning a degree from the Wharton School of the University of Pennsylvania.

    After leaving the Navy, Roberts worked a variety of jobs, including selling golf clubs, working for the Muzak Company, and eventually owning the Pioneer Suspender Company.

    Brian L. Roberts

    Brian L. Roberts - Chairman and CEO, Comcast Corporation
    Brian L. Roberts – Chairman and CEO, Comcast Corporation

    Brian Roberts is an American businessman who serves as the Chairman and CEO of Comcast Corporation. He is the son of Ralph J. Roberts, the founder of Comcast.

    Brian received a Bachelor of Science from the Wharton School of the University of Pennsylvania in 1981 after graduating from Germantown Academy. He then immediately started working for Comcast.

    Comcast – Startup Story

    The fascinating story of Comcast began with American Cable Systems, a small cable operation in Mississippi. In 1963, together with his partners Daniel Aaron and Julian A. Brodsky, he paid $500,000 for American Cable Systems, a 1,200-subscriber cable TV operator in Tupelo, Mississippi.

    When the company started expanding in various parts of the country, Roberts decided to rename American Cable Systems as Comcast Corporation, a name Roberts invented by combining the words communication and broadcasting, and thus the company was incorporated in 1969.

    In 1988, Comcast bought 50% of Storer Communications and was able to increase its subscribers to over 2 million. The company was then recognized as one of the nation’s leading cable companies. Comcast stepped into the entertainment business when Microsoft invested $1 billion in Comcast. 2009 was the most successful year for the company as it attracted more DSL subscribers and became the largest Internet service provider in the U.S.

    Comcast – Mission and Vision

    The mission of Comcast is to create incredible technology and entertainment that connects millions of people to the moments and experiences that matter most. The vision of this incredible company is to continue to look to the future as the company evolves. To seek out new communications technology, new opportunities, and more choices.

    Comcast Logo
    Comcast Logo

    The name Comcast was derived by combining the two words communication and broadcasting.

    In 2012, Comcast acquired 51% of NBC and incorporated its iconic colorful peacock emblem into its logo above the wordmark, symbolizing the company’s connection with NBC’s rich media heritage. Later in 2013, Comcast acquired the remaining 49% of General Electric’s interest in NBCUniversal and the logo has been the same since then.

    Their slogan is, “This is easy. This is simple. This is awesome.”

    Comcast – Business Model

    Comcast is a conglomerate that offers communication and media services. It operates cable communication networks and has media interests. Its interests include cable and broadcast TV networks, film, and media production. The main business streams of Comcast are Comcast Cable and NBCUniversal. Comcast Cable is one of the United States’ largest video, high-speed internet, and phone providers to residential customers under the Xfinity brand. The company also provides these services to businesses.

    Comcast – Revenue Model

    The main source of revenue for the company is distribution agreements with multichannel video providers. The company equally earns revenue from advertising units of its cable networks. The income also flows from digital media properties, content licensing, and other related properties. The annual revenue of the company for the year 2022 was $121.4 billion.

    Comcast – Employees

    Comcast’s total number of employees in 2022 was 186,000. The employees have the benefit of availing of Xfinity services at discounted prices. The company also offers diverse programs and initiatives to its employees. The diversity of culture and the equality it offers is quite astonishing in the work environment.

    The Culture at Comcast

    Comcast – Challenges Faced

    One of the main challenges faced by Comcast was the number of complaints about its service. The complaints mostly included the stuffing of bills. It was a disappointment to the subscribers to pay for unnecessary services, hidden fees, and cancellation fees.

    Comcast – Funding

    Comcast has raised a total of $4.9 billion in funding. Its latest round of funding was raised on July 11, 2022. The funding details for Comcast are listed below:

    Announced Date Transaction Name Money Raised Lead Investors
    Jul 11, 2022 Grant $7.7 million Connect Maryland
    Mar 18, 2022 Grant $33.1 million —
    Sep 22, 2020 Post-IPO Equity $870 million Trian Fund Management
    Mar 25, 2020 Post-IPO Debt $4 billion —

    List of Biggest Media Companies in the World
    Media industry is considered as one of the most profitable industries in world. Lets look at some of the top Media Companies in the World
    StartupTalkyKimi Dutta

    Comcast – Acquisitions

    The top 5 acquisitions of the company are AT&T Broadband, NBCUniversal, Sky, DreamWorks Animation, and XUMO.

    Below are the details of the most recent acquisitions made by Comcast:

    Acquiree Name Announced Date Price
    LEVL Technologies Jun 20, 2022 $50 million
    Notion Feb 1, 2020 —
    Blueface Jan 27, 2020 —
    XUMO Dec 26, 2019 —
    Metrological Sep 15, 2019 —
    Deep Blue Communications May 1, 2019 —
    BluVector Inc. Mar 4, 2019 —
    Sky UK Sep 22, 2018 $40.1 billion
    Wilco Electronic Systems – cable TV Business Jan 5, 2018 —
    Stringify Sep 18, 2017 —

    Comcast – Competitors

    The top Comcast competitors include AT&T, Verizon Communications, Cisco, Avaya, Microsoft, Atos Unify, Dialpad, and The Walt Disney Company.

    FAQs

    What does Comcast do?

    Comcast Corporation is one of the largest broadcasting and cable television companies in the world. It is a major American provider of entertainment, communications products, television entertainment, and Internet service.

    Who was the founder of Comcast?

    Comcast was founded by Ralph J. Roberts with the purchase of American Cable Systems in 1963.

    Who is the CEO of Comcast?

    Brian Roberts, an American businessman, is the Chairman and CEO of Comcast Corporation.

    Who are Comcast’s competitors?

    The top Comcast competitors include AT&T, Verizon Communications, Cisco, Avaya, Microsoft, Atos Unify, Dialpad, and The Walt Disney Company.

  • Alation: The Leader in Data Intelligence

    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 Alation.

    In this data-driven corporate world, data governance is vital for business users to leverage data assets. Organizations look for innovative ways to turn big data into actionable insights and gain competitive advantage. However, several companies find it challenging to collect, store, organize, share, and manage data at today’s rapid pace.

    It is when data catalog software comes in handy as it helps enterprises organize and use data. Moreover, organizations need software to collect, manage, and analyze data assets. Alation is a venture-based, B2B software organization that offers data catalog, analytics, and management solutions.

    This article constitutes Alation’s details, including the startup story, founders, products, acquisitions, funding, growth, and more.

    Alation – Company Highlights

    Company Name Alation
    Headquarters Redwood City, California, United States
    Sector Software Development
    Founders Satyen Sangani, Aaron Kalb, Venky Ganti
    Founded In 2012
    Revenue $1.7B (2022)
    Website Alation.com

    Alation – About
    Alation – Founders and Team
    Alation – Startup Story
    Alation – Mission and Vision
    Alation – Business Model
    Alation – Revenue Model
    Alation – Products and Services
    Alation – Funding and Investors
    Alation – Mergers and Acquisitions
    Alation – Patents and Trademarks
    Alation – Growth
    Alation – Partners
    Alation – Awards and Achievements
    Alation – Competitors

    Alation – About

    Alation is a leading enterprise that offers several data intelligence solutions. Moreover, the company’s initial offering dominated the data catalog market. Companies can identify, understand, and manage their data assets with this data catalog tool.

    Alataion is headquartered in the U.S. with offices in the U.K., London, and India and has a presence in more than 25 countries. With over 450 enterprise customers and 300,000+ subscribers worldwide, the company serves around 34 industries.

    Alation – Founders and Team

    Satyen Sangani, Aaron Kalb, Feng Niu, and Venky Ganti are the co-founders of Alation.

    Satyen Sangani

    Satyen Sangani completed his A.B., Economics from Columbia University and his M.Sc., Economics for Development from the University of Oxford. Currently, he is the co-founder and CEO of Alation. Sangani has diverse work experience.

    He worked as an Analysts, Mergers, Acquisitions & Restructurings professional at Morgan Stanley & Co., Associate at Texas Pacific Group, Senior Director at Andale, Inc., and Vice President at Oracle Corporation.

    Satyen Sangani - Co-founder and CEO, Alation
    Satyen Sangani – Co-founder and CEO, Alation

    Aaron Kalb

    Completed his Bachelor’s and Master of Science in Symbolic Systems from Stanford University, Aaron Kalb is the co-founder and Chief Innovation Officer at Alation. Moreover, he is a part-time Partner in Alchemist Accelerator. He worked as a Software Engineer, Designer, and Researcher at Apple.

    Aaron Kalb - Co-founder and Chief Innovation Officer, Alation
    Aaron Kalb – Co-founder and Chief Innovation Officer, Alation

    Venky Ganti

    Completed graduation from the Indian Institute of Technology, Madras, and the University of Wisconsin-Madison, Venky Ganti is Alation’s co-founder and board member. He also worked as co-founder and CEO at Mesh Dynamics. Moreover, he was a Senior Researcher at Microsoft and a Member of the Technical Staff at Google, Inc.

    Venky Ganti - Co-founder, Alation
    Venky Ganti – Co-founder, Alation

    Talking about its team size, the company employs over 700 global employees.

    Alation – Startup Story

    Alation came into the picture with different ideas to solve the same question: How can you connect workers with questions to colleagues having answers?

    Co-founders of Alation, Satyen Sangani, and Aaron Kalb, determine the solution from two perspectives. Sangani theorized that machine learning could help, and Kalb theorized crowdsourcing could help. In 2021, they both combined these two ideas and created Alation.

    Over time, the company improved its solutions, enabled data catalog efforts, and integrated with different data and related technology products. In early 2021, the company acquired over 250 customers. It launched the ‘Data Radicals’ podcast in January 2022 to help business, data, and technology enthusiasts use data powerfully.

    In September 2022, the company announced it achieved $100 million of ARR (annual recurring revenue).

    What is Alation?

    Alation – Mission and Vision

    Alation aims to help enterprises create thriving data cultures where everyone can find, understand, and trust data. The firm pioneered the modern data catalog and now evolving into a platform for data intelligence.

    Alation – Business Model

    Alation leverages its powerful Behavioral Analysis Engine, open interfaces, and inbuilt collaboration capabilities to combine machine learning with human insight to tackle data and metadata management challenges. This tool has four major functional areas- data asset capture, data catalog and collaboration, data discovery, and data governance and stewardship.

    The platform enables enterprises to catalog their data assets, capture technical and business-level information about them, and steward and govern their assets. With Alation, stakeholders can understand what data assets exist, what they are made of, and how they are being used, and manage data privacy, risk, and compliance.

    Alation – Revenue Model

    The company is a subscription-based model. The Alation Data Catalog offers a 12-month plan for $198,000, a 24-month plan for $396,000, and a 36-month plan for $594,000.

    Alation – Products and Services

    Products Offered by Alation
    Products Offered by Alation

    Alation offers multiple products, such as a Data Catalog, Connectors, Platform, Data Governance App, and Cloud Service. Moreover, it delivers a wide line of solutions, including Data Governance, Self-Service Business Intelligence, Cloud Transformation, Privacy, Risk & Compliance, Metadata Management, Digital Transformation, CDMC, and DataOps.

    Alation – Funding and Investors

    Alation has undertaken 6 funding rounds and succeeded in raising a total of $315 million. Its latest funding round – Series E Round, was conducted on November 2, 2022, and raised $300 million. 22 investors fund the company, and some main investors are Blackstone, Databricks Ventures, Union Grove Venture Partners, Queensland Investment Corporation, Thoma Bravo, Sanabil, and Riverwood Capital.

    Date Round Number of Investors Money Raised Lead Investor
    November 2, 2022 Series E 12 $123 million Costanoa Ventures, Thoma Bravo, Sanabil
    June 3, 2021 Series D 9 $110 million Riverwood Capital
    January 17, 2019 Series C 8 $50 million Salesforce Ventures, Sapphire Ventures
    July 18, 2017 Series B 5 $23 million Icon Ventures
    March 4, 2015 Series A 6 $9 million Costanoa Ventures, DCVC
    March 1, 2011 Seed Round 1 – –

    Alation – Mergers and Acquisitions

    Alation acquired 2 companies- Kloud.io on November 28, 2022, and Lyngo Analytics on October 14, 2021.

    Alation – Patents and Trademarks

    The company has 6 registered patents, mainly in the category of ‘Computing; Calculating.’ In addition, it has 5 registered trademarks, and the most popular class is ‘Advertising; Business.’

    Alation – Growth

    The estimated annual revenue of the company in 2022 is $100 million ($134,409 per employee). The valuation of Alation is $1.7 billion as of November 2022. With monthly visits to the website over 51,000, the monthly site visit growth is 59.27%. Moreover, the employee count elevated by 18% last year.

    Alation – Partners

    The company partners with:

    • Snowflake
    • AWS Partner Network
    • Databricks
    • Tableau
    • Fivetran
    • 3Cloud
    • Acceldata
    • Ahead
    • Analytics Hub
    • Anomaly
    • Datactics

    Alation – Awards and Achievements

    Alation garnered many awards and achievements in its lifetime. Some of these are:

    • Recognized as the leading platform in Gartner Magic Quadrant for Metadata Management Solutions for 4 years
    • Winner of the Gartner Peer Insights Customers’ Choice Award in 2020
    • Leader in the Forrester Wave: Machine Learning Data Catalogs report in 2021
    • The U.K.-based Great Places To Work Institute certified Alation as a ‘great place to work in 2022
    • Leader in the BARC Score Data Intelligence Platforms report by BARC in 2022

    Alation – Competitors

    Some main competitors of the company are:

    • Collibra
    • Informatica
    • DataHub
    • data.world
    • Denodo
    • Databricks
    • Aginity
    • Unifi Software
    • binah.ai
    • Waterline Data

    FAQs

    Who are the founders of Alation?

    Satyen Sangani, Aaron Kalb, Feng Niu, and Venky Ganti are the co-founders of Alation.

    What is Alation and what does it do?

    Alation is a venture-based, B2B software organization that offers data catalog, analytics, and management solutions.

    What pricing plans does Alation offer?

    The company is a subscription-based model. The Alation Data Catalog offers a 12-month plan for $198,000, a 24-month plan for $396,000, and a 36-month plan for $594,000.

  • Abbott India Limited: Providing Quality Healthcare Solutions in India

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Abbott India Ltd has approved the content in this post.

    The character of the pharma industry is such that many people tend to think of it as a very different industry from the rest. It is perhaps one of the most developed sectors in recent times.

    Talking about the pharmaceutical industry, Abbott Laboratories is one such company that has made a substantial global impact with its innovative pharma and medical products. Its global headquarters are present in Abbott Park, Illinois, United States. The company is spread across countries in Asia Pacific, Europe, the Middle East, South Africa, and the Americas. Founded in 1888 by Chicago medic Wallace Calvin Abbott, Abbott Laboratories has made a gigantic name for itself in India as well, with its subsidiary Abbott India Limited, which has its headquarters in Mumbai.

    Dive into this article for further information on Abbott India Ltd. Read about its mission and vision, key products of Abbott India, business and revenue model, CSR activities, and more.

    Abbott India Ltd. – Company Highlights

    Company Name Abbott India Limited
    Headquarters Mumbai, India
    Sector Pharmaceuticals, Healthcare
    Type Public
    Founder Wallace Calvin Abbott
    Founded 1944
    Parent Organisation Abbott Laboratories
    Website abbott.co.in

    Abbott India Ltd. – About
    Abbott India Ltd. – Industry details
    Abbott India Ltd. – Founder and Team
    Abbott India Ltd. – Startup Story | How It Began?
    Abbott India Ltd. – Mission and Vision
    Abbott India Ltd. – Name, Tagline, Logo
    Abbott India Ltd. – Business Model
    Abbott India Ltd. – Revenue Model
    Abbott India Ltd. – Growth
    Abbott India Ltd. – Advertisements and Social Media Campaigns
    Abbott India Ltd. – Awards and Achievements
    Abbott India Ltd. – Competitors
    Abbott India Ltd. – Future Plans

    Abbott India Ltd. – About

    Abbott India Limited is a subsidiary of Abbott’s international pharmaceutical business in India. It is one of the country’s fastest-growing pharmaceutical firms today. Boots Pure Drug Company (India) Ltd was the initial name under which Abbott India Ltd was founded in 1944. It runs a production plant in Goa as well as a number of independent contractors and third-party producers located throughout the nation.

    Abbott India Limited, an Abbott Laboratories subsidiary with its headquarters in Mumbai, offers reliable, high-quality medications in a variety of therapeutic areas, including women’s health, gastroenterology, cardiology, metabolic disorders, and primary care.

    Abbott India Ltd is devoted to giving Indians access to high-quality healthcare through a combination of international and domestic goods. The company has its development and medical team that generates products and clinical trials that are specifically suited to the demands of the Indian market. Its staff members try to create high-quality, high-volume formulations utilizing methods that are economical. Additionally, Abbott’s skilled staff members are committed to guaranteeing adherence to global quality standards.

    Some of Abbott’s well-known products include Pedialyte, Similac, BinaxNOW, Ensure, Glucerna, ZonePerfect, FreeStyle Libre, i-STAT, and MitraClip in the medical equipment, diagnostics, and nutrition product businesses.

    Abbott India’s CSR Activities

    Abbott India is also involved in many corporate social responsibility activities that focus the society in general.

    Its therapy-shaping efforts are intended to enlighten and assist individuals in making educated decisions, dispel common misconceptions about illnesses, and increase accessibility and effectiveness. It has set up health clinics like Fibroscan and Liver clinics to help provide a quick, reliable, and timely diagnosis to people. Vaccination outreach programs to create awareness of flu. Abbott India has reached out to parents across more than 50 schools to create awareness and stress the importance of flu vaccines. More than 500 Menopause clinics were established pan India by Abbott India. The company has also executed around 100+ Pausetive Talks (awareness on menopause symptoms) for women across India in 12 regional languages, both digitally and physically.

    Abbott India Ltd. – Industry details

    India’s pharmaceutical sector is predicted to be worth $65 billion by 2024 and $130 billion by 2030. India’s pharmaceutical sector is currently worth $50 billion.

    Patient expenditure on healthcare and medications is anticipated to increase for non-COVID-19 therapy as India’s economic growth is anticipated to continue.

    List of Top 20 Pharmaceutical Companies in India 2022
    Many Indian Pharmaceutical companies are growing and changing lives globally. Here is the list of the Top Pharmaceutical Companies in India.
    StartupTalkyAshwini

    Abbott India Ltd. – Founder and Team

    Abbott India Ltd is the subsidiary of Abbott Laboratories, which was founded by Wallace Calvin Abbott in 1888.

    Wallace Calvin Abbott

    Wallace Calvin Abbott - Founder, Abbott Laboratories
    Wallace Calvin Abbott – Founder, Abbott Laboratories

    Dr. Wallace Calvin Abbott was born in 1857. He is a graduate of the University of Michigan. When he founded the Abbott Alkaloidal Company, Dr. Abbott was a practicing physician. He was one of the first American doctors to use a novel method to distill alkaloids, the components of medicinal plants that have a therapeutic effect into a solid form like morphine, quinine, strychnine, and codeine. This strategy was helpful because it gave patients more dependable and efficient dosing. The business relocated from Ravenswood to North Chicago, Illinois, in 1922.

    Abbott Laboratories was one of the forerunners of the scientific practice of pharmacy under the visionary direction of Dr. Abbott, and it expanded to address increasing global health demands by supporting new fields of medical research.

    Vivek V Kamath

    Vivek V Kamath - Managing Director, Abbott India Limited
    Vivek V Kamath – Managing Director, Abbott India Limited

    Vivek V Kamath is the Managing Director of Abbott India Ltd. He has a degree in science with a focus on microbiology and a Master’s in Management with a focus on marketing. Mr. Vivek has more than 30 years of extensive and varied expertise in the healthcare industry, including the pharmaceutical, over-the-counter, and diagnostic industries. He has held many top leadership roles in reputable pharmaceutical firms, both Indian and MNCs, in a variety of geographical locations. Mr. Vivek also possesses significant functional knowledge in the fields of strategy, marketing, sales, and general management. He worked with MSD Pharmaceuticals, Roche Diagnostics in India, Novartis in Singapore, Ranbaxy, Pfizer in India, Fulford in India, Wockhardt, and Johnson & Johnson before joining Abbott.

    Rajiv Sonalker

    Rajiv Sonalker - CFO and Whole-Time Director, Abbott India Limited
    Rajiv Sonalker – CFO and Whole-Time Director, Abbott India Limited

    Rajiv Sonalker is the whole-time Director and CFO of Abbott India Ltd. He is a fellow member of the Institute of Chartered Accountants of India and holds a Bachelor’s Degree in Science from the University of Bombay. Rajiv Sonalker served as Director of Finance at Bristol-Myers Squibb before joining Abbott India. In Germany and India, Rajiv has also worked with Voltas Ltd., Johnson & Johnson, and Sanofi-Aventis.

    Abbott India Ltd. – Startup Story | How It Began?

    The story of Abbott India began in the 1940s. The origin of the company is when Dr. Wallace Calvin Abbott founded its parent organization Abbott Alkaloidal Company in 1888. It was during this time when the production of “alkaloidal” medicine granules was introduced, which made it a big hit in the market. After making sufficient sales in the USA, Abbott established its first overseas affiliate in London in 1907; the company then acquired a Montreal, Canada, affiliate. Boots Pure Drug Company (India) Ltd. was the initial name under which Abbott India Ltd. was formed on August 22, 1944. On November 1st, 1971, the business was renamed The Boots Company (India) Ltd; on January 1st, 1991, it became Boots Pharmaceuticals Ltd. The name was changed to Knoll Pharmaceuticals Ltd on October 31, 1995, and then to Abbott India Ltd on July 1, 2002.

    17 new products were introduced by Abbott India during the fiscal year that concluded on March 31, 2016, and they collectively generated 1.9% of the company’s net sales. The firm and Bharat Biotech India Limited entered into a license agreement during the reviewed year to commercialize vaccines in the immunology category.

    Emcure Pharmaceuticals – Founder, Business Model, Revenue Model and More
    Emcure Pharmaceuticals is one of the leading pharma companies in India. Here’s a look at its business model, revenue model, and more.
    StartupTalkyShalini Rath

    Abbott India Ltd. – Mission and Vision

    The mission statement of Abbott India is, “to build life-changing technologies that keep your heart healthy, nourish your body at every stage of life, help you feel and move better, and bring you information, medicines, and breakthroughs to manage your health.”

    Abbott India Limited Logo
    Abbott India Limited Logo

    Before Abbott India, the company’s name was Knoll Pharmaceuticals Ltd. The name was changed in 2002.

    The tagline of Abbott Laboratories is, “Live Your Best Life, Now And In The Future”

    Abbott India Ltd. – Business Model

    Diagnostics, medical equipment, branded generic drugs, and nutritional goods make up the core businesses of Abbott, which have been expanded via acquisitions. The company through its subsidiary, Abbott India creates and sells more than 600 goods for medical professionals that support Indians’ overall health and well-being.

    The extensive pharmaceutical portfolio of Abbott in India covers the complete spectrum of healthcare requirements for all phases of life, from illness prevention to treatment and cure. Abbott Healthcare Solutions represents one of the largest pharmaceutical portfolios in India, including some of the market’s most dependable goods. In the fields of dermatology, diabetes, cardiology, gastrointestinal, central nervous system, pain management, and orthopedics, it is widely regarded as a market leader.

    In India, the top of their respective categories is occupied by trademarks like Stemetil, Haemaccel, Kenacort, Paraxin, and Neomercazole. Abbott India’s business also includes providing high-quality healthcare to those living in ultra-urban areas where access to these quality healthcare solutions is a challenge. With a high-quality, reasonably priced portfolio of products in the therapy areas of pain management, gastroenterology, and anti-invectives for diseases like typhoid, malaria, and respiratory infections, Abbott True Care is assisting in improving the health and well-being of the people in extra-urban towns.

    Abbott India’s main business operations are divided into the following categories:

    • Nutrition – This is further divided into categories like Adult Nutrition (Ensure and ZonePerfect), Child Nutrition (Isomil, and Gain) Infant Nutrition, and other medicinal nutrition
    • Diagnostics – with focus areas like Core labs, Molecular, and Point of Care
    • Established Pharmaceuticals – branded generic drugs
    • Medical devices – offering high-end medical devices for diabetic care, vascular care (coronary and endovascular), rhythm management, and electrophysiology.

    The superior financial success has constantly been a result of the robustness of its business model.

    Abbott India Ltd. – Revenue Model

    Abbott India Ltd. made 11.4% of its Revenue from Operations. For FY 2021-2022, the company has delivered impressive results with 14.1% growth in revenue and 15.6% in net profits over the previous year. The company mostly generates its revenue from its diversified pharmaceutical portfolio.

    Abbott India Ltd. – Growth

    With a 14.1% growth in revenue (from ₹4,310 crores in FY21 to ₹4,919 crores in FY22), Abbott India has added 10 new items to its major portfolios in the therapeutic areas of women’s health, gastroenterology, central nervous system, multi-specialty, and vaccines. It conducts business in Nepal, Sri Lanka, Maldives, and Bhutan. Abbott India’s emphasis on expanding its business in these nearby nations and helping people through its high-quality products is also growing. It has a robust distribution network of more than 8,600 stockists and 60 lacs, retailers.

    Abbott India Ltd. – Advertisements and Social Media Campaigns

    In 2020, Abbott India launched the ‘Don’t Wait for Life’ campaign to highlight the importance of health challenges through technologies and solutions. The advertising campaign emphasizes the value of pursuing one’s dreams without sacrificing the life one is already living. The ad talks about Abbott’s groundbreaking cardiac pumps enabling people to continue living normally even when they have heart failure.

    The campaign was launched by a series of four videos that depict the stability of people with heart problems and diabetes, which are considered highly prevalent non-communicable health conditions in India.

    Abbott India Ltd. – Awards and Achievements

    The list of awards and achievements won by Abbott India are:

    • Abbott India Ltd won the ‘GOLDEN PEACOCK HR EXCELLENCE AWARD’ For the second consecutive year from the Institute of Directors
    • Abbott India Ltd was recognized by Avatar and Working Mothers as the “Best Companies in India”
    • Abbott India Ltd won the “Best Places to Work” For 8 consecutive years by Business Today
    • Abbott India’s Goa plant received the prestigious Abbott Global EHS Excellence award for upgrading the fire-fighting facility without business interruption. The plant also received the Best Plant award from Abbott Global.

    Abbott India Ltd. – Competitors

    Abbott India competes with the following top competitors:

    Torrent Pharma Success story: Making $1 Bn in Annual Revenue
    Here’s the journey of how Torrent Pharma became the eighth biggest pharma company in India that manufactures and supplies products globally.
    StartupTalkyShalini Rath

    Abbott India Ltd. – Future Plans

    Abbott India wants to keep placing a priority on developing novel medicines. The company further plans to introduce cutting-edge goods and services to the market. It believes this introduction is essential if it wants to revolutionize Indian healthcare.

    FAQs

    Who is the Managing Director of Abbott India Ltd.?

    Mr. Vivek V Kamath is the Managing Director of Abbott India Ltd.

    Is Abbott India Ltd a public company?

    Yes, Abbott is a public company.

    Where is the headquarters of Abbott India Ltd.?

    The headquarter of Abbott India is in Mumbai.

  • Airtable: A Low-Code Platform to Build Collaborative Apps

    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 Airtable.

    Are you looking for a database tool? There are tons of software available in the market, but it’s difficult to get one that is simple to use, like a spreadsheet but compared to a database. Although you can also make comparisons in spreadsheets, databases are much more efficient.

    With spreadsheets, you need to learn SQL scripting. Airtable is a perfect fusion of spreadsheets and databases that allows you to curate information into different data formats. Moreover, the UX/UI is engaging and doesn’t require SQL scripting.

    This article covers about Airtable’s startup story, founders, funding, products, growth, partners, competitors, and more.

    Company Highlights

    Company Name Airtable
    Headquarters San Francisco, California, United States
    Sector Software Development
    Founders Howie Liu, Andrew Ofstad, Emmett Nicholas
    Founded In 2012
    Revenue $11.7B (2021)
    Website Airtable.com

    Airtable – About
    Airtable – Founders and Team
    Airtable – Startup Story
    Airtable – Mission and vision
    Airtable – Business Model
    Airtable – Revenue Model
    Airtable – Products and Services
    Airtable – Funding and Investors
    Airtable – Mergers and Acquisitions
    Airtable – Patents and Trademarks
    Airtable – Growth
    Airtable – Partners
    Airtable – Awards and Achievements
    Airtable – Competitors

    Airtable – About

    Airtable is a cloud-based platform that makes it easier to build robust, custom applications and, thus, connect data, workflows, and teams. Moreover, it allows companies to build applications without any code. The user-friendly and simple interface allows organizations to spin up a database in minutes.

    Founded in 2012, the company has many offices in the United States in Austin, London, Mountain View, Los Angeles, and New York. Over 300,000 innovative companies use Airtable daily to connect data and people.

    Airtable – Founders and Team

    Howie Liu, Andrew OfStad, and Emmett Nicholas are the founders of Airtable.

    Howie Liu

    Howie Liu graduated in Mechanical Engineering and Computational Airfoil Design from Duke University. Presently, he is the co-founder and CEO of Airtable. He also co-founded Etacts in San Francisco.

    Howie Liu - Co-founder & CEO, Airtable
    Howie Liu – Co-founder & CEO, Airtable

    Andrew OfStad

    Completed BSE in Electrical and Computer Engineering, Economics from Duke University; Andrew Ofstad co-founded Airtable. He worked as Engineering Research Onetrn, Technology Labs Development Group, and Product Manager in top firms.

    Andrew OfStad - Co-founder, Airtable
    Andrew OfStad – Co-founder, Airtable

    Emmett Nicholas

    Obtained a degree in CS and ECE from Duke University, Emmett Nicholas is the co-founder and CTO at Airtable. Moreover, he worked as Software Engineer at Stack Overflow and Microsoft.

    Emmett Nicholas - Co-founder & CTO, Airtable
    Emmett Nicholas – Co-founder & CTO, Airtable

    Currently, the employee strength of Airtable is more than 1000.

    Airtable – Startup Story

    When Liu was working as a Product manager at Salesforce, he realized that many people were using spreadsheets as an organizational tool. And most spreadsheets were cluttered and contained data haphazardly. Rather than making spreadsheet better, Liu developed an entirely new product enabling users to create simple applications in a familiar and intuitive way.

    Liu and his co-founder Andrew Ofstad developed an MVP, and Kutcher was the first individual to invest in the product. Although Airtable was officially established in 2012, its development was underway for two years prior to its public launch, during which time it was being developed in a closed-door setting. After two years in development, the software was officially launched in 2014 as a part of an invite-only open beta. Moreover, Airtable makes another smart move by launching its iOS app.

    In 2015, the company unveiled API Builder along with its embedded database features. And Airtable integrations came into the picture in August 2015. Over the years, many features and functionalities were added to the platform, and Airtable succeeded.

    Top Tools for Efficient Content Operation
    Learn about the best tools for efficient content operations to ensure original written work.
    StartupTalkyKinnary Nensee

    Airtable – Mission and vision

    The company’s main aim is to democratize software creation by making it possible for anyone to build tools to meet their needs. People worldwide prefer using Airtable to do everything from cattle tracking to filmmaking.

    Airtable – Business Model

    Airtable is a spreadsheet-database hybrid, having features of a database but can be applied to a spreadsheet. The fields in the Airtable table are just like cells in a spreadsheet but feature multiple types, like ‘checkbox,’ drop-down list,’ and ‘phone number.’ Moreover, the platform can reference file attachments similar to images.

    It enables users to create a database, set up column types, link tables, add records, sort records, collaborate, and publish views to external sites.

    Airtable – Revenue Model

    Airtable offers different plans for the team’s needs, Free, Plus, and Pro. The ‘Plus’ plan charges $10 per seat/month, and the ‘Pro’ plan is available for $20 per seat/month, and these plans are billed annually.

    How to Use Airtable & Getting Started Tutorial

    Airtable – Products and Services

    Its main product, Airtable, offers multiple features, including interface design, templates, views, automation, sync, and reporting. In addition, Airtable provides several solutions, such as marketing, operations, product, human resources, sales, and finance.

    Airtable – Funding and Investors

    Airtable has undertaken over 10 funding rounds in which it has raised $1.4 billion. Its latest funding round – The secondary Market Round, was conducted on July 1, 2022, and raised $300 million. Around 50 investors fund the company, and the main ones are Salesforce Ventures, Silver Lake, XN, Greenoaks, Thrive Capital, and Benchmark.

    Date Round Number of Investors Money Raised Lead Investor
    July 1, 2022 Secondary Market – – –
    December 13, 2021 Series F 15 $735 million XN
    March 15, 2021 Series E 6 $270 million Greenoaks
    September 14, 2020 Series D 8 $185 million Thrive Capital
    November 15, 2018 Series C 11 $100 million Benchmark Coatue, CRV, Thrive Capital
    March 15, 2018 Series B 4 $52 million Caffeinated Capital, CRV
    July 17, 2017 Series B 1 – –
    June 29, 2015 Series A 14 $7.6 million CRV
    February 25, 2015 Seed Round 16 $3 million –
    March 18, 2013 Seed Round 2 – –

    Airtable – Mergers and Acquisitions

    The company acquired 2 enterprises. Its recent acquisition was Walrus.ai on December 21, 2021, and Bayes was acquired on August 11, 2021.

    Airtable – Patents and Trademarks

    The platform has 5 registered trademarks, and the most popular class is ‘Scientific and technological services.’

    Airtable – Growth

    The estimated annual revenue of the company in 2021 is $220.8 million ($209,507 per employee). The post-money valuation of Airtable is $11.7 billion as of 2021. With monthly visits at the website over 21,785,500, the monthly site visit growth is 7.74%. Moreover, the employee count increased by 14% last year.

    Airtable – Partners

    It has 260 partners, of which 228 are technology partners, and 32 are channel partners. Some of the main partners are:

    Airtable – Awards and Achievements

    Airtable has won a few awards during its journey. Some of these are:

    • Ranked 6 on the Forbes Cloud 100
    • CNBC Disruptor 50 list
    • Products that Count award

    Airtable – Competitors

    Its main competitors are:

    • Notion
    • Smartsheet
    • Asana
    • Excel
    • ClickUp
    • Trello
    • CODA
    • FileMaker
    • Workboard

    FAQs

    Who are the founders of Airtable?

    Howie Liu, Andrew OfStad, and Emmett Nicholas are the founders of Airtable.

    What is Airtable and what does it do?

    Airtable is a cloud-based platform that makes it easier to build robust, custom applications and, thus, connect data, workflows, and teams. Moreover, it allows companies to build applications without any code. The user-friendly and simple interface allows organizations to spin up a database in minutes.

    What pricing plans does Airtable offer?

    Airtable offers different plans for the team’s needs, Free, Plus, and Pro. The ‘Plus’ plan charges $10 per seat/month, and the ‘Pro’ plan is available for $20 per seat/month, and these plans are billed annually.