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Tag: 📄Company Profiles

  • Gojek – A SuperApp that has Everything from Transport to Food Delivery

    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 Gojek.

    While Indonesia’s digital economy is predicted to rise to $124 billion by 2025, according to a 2020 research by Google, Temasek Holdings, and Bain & Company, the country’s 18,000 islands are spread across a region larger than the European Union, making it highly costly.

    As rivals bulk up in the fast-expanding market, Indonesian ride-hailing and payments provider Gojek and e-commerce leader Tokopedia are merging to form GoTo, a multi-billion dollar internet corporation. Gojek, based in Jakarta, is an Indonesian on-demand multi-service and electronic payment tech company.

    Gojek – Company Highlights

    Company Name Gojek
    Also known as Aplikasi Karya Anak Bangsa
    Parent Company GoTo
    Headquarters Jakarta, Indonesia
    Industry Technology
    Founded 13 October 2010
    Founders Nadiem Makarim, Kevin Aluwi and Michaelangelo Moran
    Areas Served Indonesia, Vietnam, Thailand, Singapore, Philippines, India, and Malaysia
    Website www.gojek.com

    Gojek – Latest News
    About Gojek and How it Works?
    Gojek – Name, Logo and Tagline
    Gojek – Mission and Vision
    Gojek – Founder and History
    Gojek – Products
    Gojek – Business Model
    Gojek – Revenue and Growth
    Gojek – Partnerships
    Gojek – Funding and Investors
    Gojek – Investments
    Gojek – Acquisitions
    Gojek – Awards and Recognitions
    Gojek – Competitors
    Gojek – Challenges Faced
    Gojek – Future Plans
    Gojek – FAQs

    Gojek – Latest News

    As of May 2021, Indonesian ride-hailing and payments provider Gojek and e-commerce leader Tokopedia are merging to form GoTo, a multi-billion dollar internet corporation.

    The merged company will be Southeast Asia’s largest privately-owned technology enterprise, spanning online shopping, courier services, ride-hailing, food delivery, and other services. By the end of 2021, it intends to go public in Indonesia and the USA. The firms claimed in a joint statement that their previous aggregate worth was $18 billion, based on fundraising in 2019 and early 2020.

    The combination of Gojek and Tokopedia, both of which are backed by global heavyweight investors, comes amid increased competition in Southeast Asia’s ride-hailing and food-delivery businesses. Food delivery, e-commerce, and e-payments are all on the rise as a result of the pandemic’s forced confinement.

    About Gojek and How it Works?

    Gojek (also known as Aplikasi Karya Anak Bangsa) is a company that creates on-demand smartphone apps for ride-hailing and a number of other services. The company’s app offers services such as transportation and logistics, food ordering and delivery, digital payment, shopping, news, and entertainment, among others, allowing customers to access travel, logistical support, and a variety of other activities with only a few taps on their smartphones.

    Gojek started out as a call center in Indonesia in 2010, connecting customers with courier delivery and two-wheeled ride-hailing businesses. GoRide, GoSend, GoShop, and GoFood were the only 4 services available when the app was first released in 2015.

    Gojek, which is now valued at $10 billion, has evolved into a super app that offers over 20 different services. GO-Academy, a software development training program, is also part of the corporation.

    Gojek – Name, Logo and Tagline

    Because the company’s name is derived from the Indonesian word Ojek, which means “motorbike,” the online service’s first logo portrayed a man riding a motorbike.

    Gojek' s Company logo
    Gojek’ s Company logo

    Michaelangelo Moran, the co-founder, is also noted for designing the firm’s first distinctive logo and branding the entire company, in addition to working as the business’s Brand Director.

    Gojek introduced its new company logo on July 22, 2019. Gojek’s s new brand logo, dubbed “Solv,” symbolizes the company’s evolution from a ride-hailing service to a super app that offers a number of clever methods to minimize difficulties.

    The Gojek brand was introduced with the tagline ‘Cerdikiawan.’ Cerdik connotes dexterity and a positive sense of time. It reflects, according to the creators, how the company solves problems for Indonesia despite the challenges it faces.

    Gojek – Mission and Vision

    Gojek’ s mission statement states, “Gojek is dedicated to creating and scaling up positive socio-economic impact on the ecosystem of users, driver-partners, business and micro-small-medium enterprise partners, as well as service providers.“

    Gojek – Founder and History

    Founded in 2010 with 20 motorcycle riders, the company now has a fleet of over 1 million drivers and, as of May 2018, offers 18 app-based on-demand services. The Gojek app was released in January 2015, and it has approximately 30 million downloads in less than two years. Gojek has teamed up with DBS, Singapore’s largest bank.

    Nadiem Makarim - Co-founder of Gojek
    Nadiem Makarim – Co-founder of Gojek

    Nadiem Makarim, Kevin Aluwi and Michaelangelo Moran co-founded the company Gojek. Nadiem holds degrees from Brown University and Harvard Business School and is an Indonesian native. He spent three years at McKinsey and Co-consulting before founding Gojek, which began as a small phone center with just 20 ojek drivers who ultimately became recruiters.

    Nadiem noticed as a frequent ojek user that ojek drivers spend the majority of their time waiting for passengers, while clients waste time walking around looking for an open ojek. Gojek was created to address this issue by creating a platform that allows drivers and riders to connect quickly and earn more money.

    Gojek’ s edge in negotiating the local regulatory framework and understanding the local market stemmed from the fact that it was founded and controlled by Indonesians. As a result, they were able to include features in their app that benefit both local drivers and local consumers. In 2017, Gojek brought on board 100 additional engineering graduates from India.

    Gojek – Products

    • Go-Pay is the fourth largest e-wallet service in Indonesia.
    • GoRide is Indonesia’s first online motorbike taxi service.
    • Go-Car is a car ride-hailing service.
    • Customers can use the Go-Blue Bird app to request Blue Bird cabs.
    • GoFood is an instant meal delivery service in Indonesia with over 250,000 merchants. Go-Food Festival is a Go-Food-branded offline food-court concept that sells food and beverages from Go-Food vendors.
    • Go-Mart is an app that allows you to shop for groceries at supermarkets that are listed in the Gojek app.
    • Go-Shop, like Go-Mart, allows users to buy items from stores that aren’t listed in Go-Mart.
    • Go-Transmit is an on-demand courier service that allows you to send things and documents inside a single delivery zone with no distance restrictions.
    • For moving heavy products utilizing pickup trucks, single-axle trucks, and single-axle box trucks, Go-Box is identical to Go-Send.
    • Go-Tix is a mobile app that sells entertainment tickets.
    • Go-Med is a mobile app that offers a medication delivery service, has teamed up with HaloDoc to develop the “Apotik Antar” functionality.
    • Customers can request a personal masseuse with Go-Massage.
    • Go-Clean is a professional house cleaning service that operates through an app.
    • Go-Glam is a personal hairdresser app that also offers nail care, waxing, and facial services.
    • Go-Auto is an app-based auto maintenance service that includes car cleaning and emergency repairs.
    • Go-Pulsa is a phone credit top-up service that operates through an app. Only
    • Go-Pay can be used to pay for Go-Pulsa.
    • Go-Bills is a service that allows you to pay your PLN electricity bills, buy PLN electricity tokens, and pay your BPJS insurance premiums all in one place.
    • Gojek’s loyalty program is called Go-Points. Each transaction earns the user a token, which they can exchange for prizes in the app.
    • Go-Play & Go-Studio: The company announced plans to enter the Internet content market through Go-Play, a video streaming service, and Go-Studio, a production firm. In September of this year, GoPlay will formally start its service.
    • Go-Pertamina is an on-demand fuel delivery service in conjunction with Pertamina, Indonesia’s largest oil company. It delivers fuel from the nearest Pertamina gas station to users.
    • Go-Nearby is a directory service that connects Go-Food merchants with clients of Go-Jek.

    Gojek – Business Model

    The Gojek business model works on:

    • Commissions from Companies – Several businesses join Gojek in order to benefit from its seamless operation and increased sales. Gojek, in turn, takes a modest commission on each successful order placed through the app.
    • The consumers’ commission – Gojek is a one-stop shop for its customers, offering a convenient answer to a wide range of issues. It avoids the hassle of having to switch between apps to meet various demands. Gojek also charges a little price on each order for this service, which users are happy to pay in exchange for Gojek’ s convenient and trustworthy services.
    • The Drivers’ Commission – For each order they deliver, individual drivers or delivery partners with Gojek pay a tiny commission to the platform. Given the benefits that the platform provides to drivers, a tiny commission fee seems like a good deal.

    MobiKwik Success Story – Business Model | Founders | Revenue | Funding | Competitors
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by MobiKwik Using a Mobile Wallet has now turned out to be a habit of many. Easy hassle-freepayment and no worries about hunting for …
    StartupTalkyShubham Kumar

    Gojek – Revenue and Growth

    Gojek’ s adventure has been incredible. Over the last few years, the startup has experienced significant growth.

    Gojek reported that the value of its annualized gross transaction value in 2020 will be USD 12 billion, up 10% from 2019. The year 2020 saw an almost threefold increase in GoPay transactions and the pay-later services.

    “What is suddenly booming is our online investment feature, probably because people find it easy to access,” said Gojek’s co-CEO Andre Soelistyo.

    The company’s grocery service showed a fivefold spike in annualized GTV, indicating that more people are relying on it for shopping during the pandemic. The number of merchants registered with GoFood surged by 80% to 900,000. This year, Gojek did not reveal which vertical contributed the most to its revenue.

    Gojek – Partnerships

    It established a partnership with Blue Bird, a large Indonesian taxi firm, in 2016. It also launched Go-Car, which expanded ride-hailing from motorcycles to vehicles, and Go-Auto, which provides on-demand mechanic services, in the same year. It was Indonesia’s first online transportation system by August 2016.

    It teamed with Google Maps to handle their GPS. Entertainment, Google Play, and MNC Vision are among the other collaborations. Suzuki Finance Indonesia, AEON Credit Service, and Bill Payment PLN, the national electricity supplier, and BPJS Kesehatan, the national health insurance provider.

    Gojek is teaming up with Unilever in September 2020. Gojek has partnered with Unilever through the freshly launched GoToko as part of this relationship. GoToko is a B2B digital platform that connects Indonesian MSMEs with global consumer products corporations.

    Gojek – Funding and Investors

    Date Round Amount Lead Investors
    May 10, 2021 Corporate Round $300M Telkomsel
    Nov 17, 2020 Corporate Round $150M Telkomsel
    Jun 3, 2020 Series F $375M Facebook, PayPal
    Mar 10, 2020 Series F $1.2B Mitsubishi Corporation, Mitsubishi Motors, Mitsubishi UFJ Financial Group, Visa
    Mar 4, 2019 Series F $100M PT. Astra International Tbk
    Oct 30, 2018 Series F $920M Google, JD.com, Tencent
    Feb 12, 2018 Series E $1.5B Tencent
    Aug 4, 2017 Series E – –
    Aug 4, 2016 Series D $550M Kohlberg Kravis Roberts, Warburg Pincus
    Apr 1, 2016 Series C $170M –

    Gojek – Investments

    Date Organization Name Round Amount
    May 12, 2021 MPPA Post-IPO Secondary IDR144.9B
    Mar 9, 2021 LinkAja Series B –
    Dec 18, 2020 Jago Post IPO-Equity $160M
    Feb 17, 2020 Blue Bird Group Corporate Round $30M
    Jan 29, 2020 ZULU Corporate Round –
    Jul 1, 2019 rebel Foods Series D $125M
    May 7, 2019 Safeboda Series B –
    Feb 3, 2019 JD.ID Venture Round –
    Oct 31, 2018 escapex Funding Round –
    Aug 10, 2018 PasarPolis Series A –

    Gojek – Acquisitions

    Acquiree Name About Acquiree Date Amount
    WePay WePay is an online payments services provider. Sep 14, 2020 –
    Moka Moka is an Indonesian fintech startup that focuses on building mobile point-of-sale (mPOS) for small and medium businesses. Apr 20, 2020 $130M
    AirCTO AirCTO is an AI-powered recruitment platform that helps companies recruit top developers. Jun 12, 2019 –
    Coins.ph Coins.ph delivers financial services over mobile to people who are currently unserved by traditional banks. Jan 18, 2019 $72M
    Promogo Promogo is a platform that enables brands to advertise on the body of individually owned vehicles. Sep 17, 2018 –
    PT RUMA To increase dignity, income, and access for the poor through technology. Dec 25, 2017 –
    Midtrans Midtrans empowers eCommerce through technology. Dec 15, 2017 –
    Kartuku Kartuku is a third party processor and payment service provider delivering end-to-end, mission critical payment solutions in Indonesia. Nov 15, 2017 $50M
    LOKET LOKET is the first event management platform in Indonesia that gives the freedom of selling tickets on one’s own website. Aug 8, 2017 –
    Leftshift Technologies We build loveable products for iOS and Android Nov 8, 2016 –

    Gojek – Awards and Recognitions

    Gojek is the only firm from Southeast Asia to reach Fortune’s list of “56 Companies That Changed the World” for 2017. Gojek was the first Southeast Asian firm to be named twice in Fortune’s Top 50 Firms That Changed The World list, rising to number 11 out of 52 global companies in 2019.

    Other international honors include the Top Performer in ASEAN Award in 2017, Ernst & Young’s Entrepreneur of the Year Award, and the Superior Products and Services Award in 2016.

    Among the national honors are –

    • Top 15 Most Valuable Indonesian Brands 2019,
    • Top 3 Brand Performer and Top 3 Most Powerful Transportation/Logistic Brands,
    • Top 3 Netizen Choice in Online Transportation,
    • The BrandZ Top 15 Most Valuable Indonesian Brands 2019,
    • The BrandZ Top 15 Most Valuable Indonesian Brands 2019,
    • The BrandZ Top 15 Most Valuable Indonesian Brands 2019,
    • The BrandZ Top 15 Most Valu Best Indonesia Mobile App 2015,
    • Best Startup Category Work Life Balance,
    • Most Admired CEO in Indonesia 2017, and
    • Most Creative in Solving Economic Challenges 2017.

    Gojek – Competitors

    The top competitors in Gojek’s competitive set are Lyft, Grab, Uber, ComfortDelGro, Gett, MOIA, Ryder, Easy Taxi Services, and Space Neobank.

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    Gojek – Challenges Faced

    Grab has dominated the ride-hailing sector in Singapore since the Grab-Uber merger. Grab will have to enhance its service quality now that Gojek, an Indonesian startup, has joined the Singapore market. One of the biggest issues Gojek is facing is a driver shortage, as many self-employed drivers are now listed with Grab.

    Gojek is looking forward to organize driver recruitment efforts and offer larger incentives to potential drivers in order to overcome this. Allowing drivers to withdraw money from their virtual wallets is one of them, as is a points system that can be converted into cash and a minimum hourly wage.

    Another issue that Gojek is dealing with is a lack of demand. With so many transportation alternatives in Singapore, Gojek will have to rethink its product to stand out from the crowd. To address this, Gojek will need to expand its service offerings, such as its proposal to offer housecleaning services.

    Gojek’s quick expansion and market dominance have sparked widespread media attention, as well as criticism from traditional taxi and ojek providers. The Minister of Transportation briefly stopped Gojek and other ride-hailing firms from operating. The restriction was met with widespread opposition, with the hashtag #SaveGojek becoming Indonesia’s most popular trending subject on Twitter.

    The ban was removed the same day when President Joko Widodo denounced it, saying that the government should not limit innovation and that the prohibition will have a negative impact on the lives of many Indonesians who rely on Gojek’s services. Budi Karya Sumadi, Indonesia’s Minister of Transportation, enacted a new regulation for online taxis in October 2017. The former PM 26, which regulated the use of private cars for public transportation, was replaced by PM 108.

    Gojek – Future Plans

    A new ride-hailing service has launched. Gojek plans to expand its operations outside of Indonesia this year, according to co-CEO Kevin Aluwi.

    “Over the last few years, we’ve definitely invested relatively smaller amounts in our markets outside of Indonesia. But, we think this is the year where we really want to spread our wings and be a regional and global business,” Aluwi, founder of Gojek, added.

    Gojek began as a ride-hailing service in Indonesia in 2010 and has subsequently expanded into food delivery, digital payments, and logistics. It now has a presence in over 200 cities across five Southeast Asian nations, with Indonesia remaining its most important market.

    Aluwi also declined to comment on “merger speculations,” saying Gojek’s priority is to grow its business. Gojek is “extremely optimistic” about 2021, he added.

    “We do think that 2021 is going to be a growth year and, more importantly, we spent 2020 really investing in a lot of the business and product and operational fundaments, such that profitability and long-term sustainability looks meaningfully better year-over-year,” he said.

    Gojek – FAQs

    What does Gojek do?

    Gojek is a company that creates on-demand smartphone apps for ride-hailing and a number of other services. The company’s app offers services such as transportation and logistics, food ordering and delivery, digital payment, shopping, news, and entertainment, among others, allowing customers to access travel, logistical support, and a variety of other activities with only a few taps on their smartphones.

    Which country is Gojek based in?

    Gojek is an Indonesian company.

    Who founded Gojek?

    Nadiem Makarim, Kevin Aluwi and Michaelangelo Moran co-founded the company Gojek.

    How does Gojek make money?

    On each successful order placed using the app, Gojek charges a tiny commission fee. Gojek is a one-stop-shop for its customers, offering a convenient answer to a wide range of issues. It saves time by eliminating the need to switch between apps to meet different demands.

    Which companies do Gojek compete with?

    The top competitors in Gojek’s competitive set are Lyft, Grab, Uber, ComfortDelGro, Gett, MOIA, Ryder, Easy Taxi Services, and Space Neobank.

  • PolicyX – Bringing Trustworthy Insurance Plans to the Country

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    Insurance is a tricky business. And with so many market providers, it becomes more difficult for the consumers to choose and decide as to which one is the best for them. In 2013, PolicyX.com entered this scenario with the vision to become the most trusted insurance marketplace in the country. Launched by Mr. Naval Goel, PolicyX.com strives to serve every Indian with convenience and choice of best insurance plan suited for them.

    Get more Insight on the Company Profile of PolicyX, Founders of PolicyX, Competitors, Revenue Model, Growth, Challenges Faced, Achievements and many more.

    PolicyX.com – Company Highlights

    Startup Name PolicyX.com – Insurance Web Aggregator Pvt. Ltd.
    Headquarter Gurgaon, Haryana
    Sector Insurance
    Founder & CEO Naval Goel
    Founded 2013
    Website policyx.com

    PolicyX.com – About & How It Works?
    PolicyX.com – Founders & Team
    PolicyX.com – Work Culture
    PolicyX.com – How It All Started?
    PolicyX.com – Name, Tagline & Logo
    PolicyX.com – Startup Challenges
    PolicyX.com – Revenue Model
    PolicyX.com – Competitors
    PolicyX.com – Funding
    PolicyX.com – Growth
    PolicyX.com – Recognitions & Achievements
    PolicyX.com – Future Plans
    PolicyX.com – FAQs

    PolicyX.com – About & How It Works?

    PolicyX.com is an IRDA approved web insurance aggregator providing a one-stop-shop for various insurance plans to its customers. The company has successfully completed more than 7 years in the insurance industry. Customers can compare different types of insurance policies like health, life, car, travel, etc. and get a free quote and purchase instantly.

    PolicyX.com provides the consumer with expert guidance in selecting health, life, travel & corporate insurance plans from some of the top insurance providers in the country. It runs complex algorithms to find plans that fit customer requirements, complete with live quotes, dynamic cash flow charts (first in the segment), videos and infographics within seconds, thereby helping them make an informed choice.

    In a short span, it has managed to generate trust with more than 0.6 million page visits/month. With the online availability, unbiased quotes and transparent services, policyx.com is helping consumers in choosing the best insurance policy out of all the available options for them. The company has tie-ups with leading insurance companies of India to serve best to the consumers.

    The team of PolicyX.com understands that they are in a business that affects life and it is crucial to provide the right customized advice to people. Thus the team has been focusing on building trust among customers towards online insurance.

    “Still, many people in India are used to following the traditional way of buying insurance. We need to fill that gap. We are also looking forward to creating awareness among those who still think of insurance as a wastage of money”, said Mr. Naval Goel, Founder, PolicyX.com

    Complete transparency, unbiased advice, customer support, and integrity are some of the values that are non-comprisable at PolicyX.com.

    PolicyX.com – Founders & Team

    Naval Goel is the founder and CEO of PolicyX.com.

    Naval Goel – Founder of PolicyX.com

    Naval has expertise in the insurance sector and has a professional experience of more than 5+ years in the finance domain. Before venturing into the field of entrepreneurship, Naval had worked with top companies like AIG in New York as a part of their valuation team.

    Naval is an MBA from IIFT, Delhi. He is also a Chartered Financial Analyst from CFAI, US and an FRM Certified professional from Global Association of Risk Professionals, US. He is also an Associate Member of the ‘Indian Institute of Insurance’.

    Naval is an ardent tennis lover and likes to have a game with his friends whenever he gets time to do so. Apart from that, he is fond of reading and investing in stock markets.

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    PolicyX.com – Work Culture

    PolicyX.com is an employee-friendly company with more than 300+ employees. The work culture is really great.

    “We are allowing our employees to learn and explore. We work as a team and make sure about their personal growth as well. We do have a proper training team to provide proper guidance in the hour of need.” Added Mr. Naval Goel, Founder, PolicyX.com

    PolicyX.com – How It All Started?

    Talking about the inception story, entrepreneurship was Naval Goel’s dream from the beginning. While working with AIG in New York, he noticed a gap in the country within the insurance sector. According to him, at that time most of the Indian population was still going the traditional way to purchase insurance.

    Because of the lack of technology in the insurance domain where only a few companies were covering the same, Naval could strongly sense a huge potential in this area and ample space for innovation. Then, he decided to seize the opportunity and established PolicyX.com in 2013. And that’s how PolicyX.com was born.

    And believe it or not, thorough research and experience in the same domain were enough to validate the idea. Today, it is one of the fastest-growing IRDA approved insurance comparison portals. PolicyX.com helps customers in comparing different insurance policy quotes and products like life, car, health, travel, investment, pension, and business among others.

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    The goal is simple: Not a single grievance, not a single claim rejection, not a single surprise element at the time of claim. PolicyX.com will struggle hard to get there no matter what. This is what the PolicyX.com brand stands for. It wants to be the best so that consumers can trust them when it comes to insurance purchases.

    PolicyX Logo

    The logo of PolicyX.com has 3 colors and a person with a ring around him. The ring signifies protection and colors signify vibrancy and happiness.

    PolicyX.com – Startup Challenges

    The most prominent problem with the insurance industry in India is that it is a highly complex product and most of the products sold in the market are not beneficial for the customers. Most policies are sold for either tax benefits or investments and intermediaries have been pushing products where margins are higher.

    PolicyX.com offers much-needed transparency in the system by giving the power of choosing the right policy to the customers. They can also compare features and benefits at a click of a button and purchase through an online seamless process.

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    PolicyX.com – Revenue Model

    PolicyX’s  revenue model is commission based. The company gets paid by the insurance companies when customers purchase policies after comparing from its portal.

    PolicyX.com – Competitors

    PolicyX’s top Competitors are

    • PolicyBazaar
    • ApnaLoanBazaar
    • ETInsure
    • mPokket
    • Greenlife Insurance
    • BankBazaar
    • Turtlemint
    • Acko
    • CreditMantri
    • FundsIndia and many more.

    PolicyX.com – Funding

    PolicyX.com has not raised any amount (Bootstrapped) till date (2020)

    PolicyX.com – Growth

    The team of PolicyX.com is focusing on building trust among customers towards online insurance. Still, many people in India are used to following the traditional way of buying insurance.

    “We need to fill that gap. We always make sure that we are providing unbiased and helpful services to the customer.” Said Mr. Naval Goel, Founder, PolicyX.com

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    PolicyX.com – Recognitions & Achievements

    • Reached 100+ employees within 3 years of launch in 2016 without external funding.
    • PolicyX.com named one of India’s best InsurTech of the year at the 9th India Digital Awards and 13th India Digital Summit! by IAMAI – 2018.
    • PolicyX.com in the list of top 10 Most Promising Insurance Startups in Silicon Magazine – 2018.
    • PolicyX.com in the list of the 30 best Emerging Fintech Startups by Inc42 – 2018.
    • PolicyX.com featured as one of the leading insurance comparison portals in India by ‘The Week’ – 2018.
    • PolicyX.com in the list of Top 100 most innovative InsurTech companies in the world! – 2018.
    • PolicyX.com in the list of 10 most Recommended Insurance Solution Provider.
    • Signed Virender Sehwag as its brand ambassador in 2019.

    PolicyX.com – Future Plans

    Moving ahead, PolicyX.com also looking forward to creating awareness among those who still think of insurance as a wastage of money. We want to build the gap with trust and awareness so that we can live in a safe and secure India. For the same, we are planning to come out with several different helpful campaigns” Concluded Mr. Naval Goel.

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    PolicyX.com – FAQs

    What is PolicyX.com?

    PolicyX.com is an IRDA approved web insurance aggregator providing a one-stop-shop for various insurance plans to its customers.

    Who are the Founders of PolicyX.com?

    Naval Goel is the founder of PolicyX.com

    How much Funding is raised by PolicyX.com?

    PolicyX.com has not raised any amount (Bootstrapped) till date (2020).

  • Hexometer – Website Health and Performance Monitoring Solution!

    Unlike traditional uptime and page speed monitoring platforms that just tell you when your website is down or slow, Hexometer’s AI assistant works in real-time to suggest growth opportunities and detect anomalies in your website health and performance before they burn a hole in your pocket.

    Hexometer is a comprehensive 24/7 monitoring tool that checks your website’s health and performance, alerting you when things go wrong before they impact your business.

    Hexometer – Company Highlights

    Startup Name Hexometer
    Headquarter Yerevan, Armenia or DE, US
    Sector SaaS, Website’s Performance Monitoring
    Founder Stepan Aslanyan, Vahe Sargsyan and Chris Closset
    Founded 2019
    Legal Name Hexact, Inc
    Website hexometer.com

    About Hexometer and How it Works
    Hexometer – Target Market Size
    Founders of Hexometer and team
    Hexometer – Business Model and Revenue Model
    Hexometer – Startup Launch
    Hexometer – Growth
    Hexometer – Recognition and Achievements

    About Hexometer and How it Works

    The team has over 18 years of experience building their e-commerce businesses, as well as helping medium to large multinational brands grow online.

    Hexometer founder Stepan Aslanyan says, “We understand the online challenges you face each day as well as the unique opportunities you can take advantage of to grow your business. We live and breathe e-commerce just as you do and our platform evolves as new algorithms and best practices come around”.

    Hexometer Logo
    Hexometer Logo

    Hexometer works 24/7, checking your website for downtime, page speed performance issues, security vulnerabilities, page & JS errors, email deliverability, SEO optimization or server configuration problems.

    Everything happens in the cloud, and you can get started in minutes – no code changes required.

    Hexometer – Target Market Size

    Hexometer provides 24/7 website monitoring and marketing insights to protect your business and grow your sales. From solopreneurs, small and medium-sized businesses, agencies to global brands, it got you covered. No code changes required.

    Founder of Hexometer and team

    Stepan Aslanyan is the founder and CEO of Hexometer. Vahe Sargsyan is the co-founder and CTO at Hexometer.

    Stepan Aslanyan | Founder and CEO-Hexometer
    Stepan Aslanyan | Founder and CEO-Hexometer

    Chris Closset was an early customer, and they managed to convince him to join as a partner and CMO after a few weeks of discussions about how they could improve their service. He now helps direct the strategic direction of the group and heads the marketing strategy.

    Hexometer – Business Model and Revenue Model

    Hexometer has a subscription business model, with a free forever option available.

    Hexometer – Startup Launch

    Hexometer is active on various social media channels including Reddit, Quora, and ProductHunt. The growth has mainly been organic based on word of mouth, recommendations from existing users, as well as from social media and press mentions.

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    Hexometer – Growth

    Hexometer is growing fast, and this growth is providing them with a unique opportunity to help businesses at scale during these difficult times. Now more than ever, online businesses need to protect their online sales, ensure their sales funnels are working, and maximizing their traffic from paid ads and organic searches.

    In the last 6 months, Hexometer has implemented a wide range of product improvements including Zapier integration, Google search console data, in-depth page-speed monitoring, JS error detection, malicious code monitoring, Google sheets integration, and security header checks to name a few.

    And the team is looking forward to improve its feature set to make it even easier to thrive online whether you are a business owner managing your website, an agency looking after client websites, or developer working on web development projects.

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    Hexometer – Recognition and Achievements

    Hexometer received several awards from ProductHunt.com including:

    • #1 Product of the Week (November 2019)
    • #1 Product of the Day (November 2019)
    • #2 Product of the Month (November 2019).

    FAQs

    What is Hexometer?

    Hexometer is a comprehensive 24/7 monitoring tool that checks your website’s health and performance, alerting you when things go wrong before they impact your business.

    Who are the founders of Hexometer?

    Stepan Aslanyan, Vahe Sargsyan and Chris Closset are the founders of Hexometer.

    When was Hexometer founded?

    Hexometer was founded in 2019.

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  • WealthDesk – B2B2C Investment Technology 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 WealthDesk.

    WealthDesk is India’s pioneering B2B2C platform that captures the entire Investment/Asset Management/Advisory value chain from portfolio creation on top of Equities and ETFs which are productized into investment products called WealthBaskets.

    WealthDesk is driving the Investment product side innovation in India. It has 50+ partners who leverage WealthDesk’s platform to realign their broking and advisory offerings. This includes renowned full-service brokers such as Motilal Oswal, JM Financial, Anand Rathi, Prabhudas Lilladher, among others. As a B2B2C SaaS platform in this space, WealthDesk can get B2B on its platform and create a bigger ecosystem at scale.

    StartupTalky interviewed Mr. Ujjwal Jain (Founder & CEO, WealthDesk) to get an insight on the Success Story of WealthDesk. Know all about WealthDesk’s founding team, how it started, growth, future plans & more in this article ahead!

    WealthDesk – Company Highlights

    Startup Name WealthDesk
    Founders Ujjwal Jain (CEO), Yuvraj Thakker (Co-founder & NED)
    Founding Year 2016 (Went Live in 2018)
    Headquarters Mumbai
    Sector Fintech/Investment Platform
    Website wealthdesk.in

    About WealthDesk
    WealthDesk – Founders and Team
    WealthDesk Ideation Journey – How it Started?
    WealthDesk – Product and USP
    WealthDesk – Challenges Faced
    WealthDesk – Growth and Current Status
    WealthDesk – Future Plans
    WealthDesk – FAQs

    About WealthDesk

    WealthDesk is a B2B2C Investment Technology platform founded in 2016. WealthDesk enables portfolio-based investing on top of stocks and ETFs (Exchange Traded Fund) consolidating advisory, broking, asset, and wealth management ecosystem. It is India’s pioneering B2B2C platform that captures the entire Investment/Asset Management/Advisory value chain from portfolio creation on top of Equities and ETFs which are productized into investment products called WealthBaskets; WealthBaskets are enabled for large scale distribution through broking partners with strong network effects.

    Its goal is to make sure all big and small brokers in the country are integrated on the WealthDesk platform on the transaction side (‘UPI’zation of Broking industry) and on the Advisory front, it wants to have some of the Best advisors’ Investment Products (WealthBaskets) on the WealthDesk platform.

    WealthDesk Logo

    With this dual strategy, WealthDesk drives the Investment product side innovation in India on top of Equities and ETFs (beyond Mutual Funds) and build a highly scalable distribution network for distributing these products at scale through the Broking ecosystem. The team is also pretty keen on focusing on the first-time investors as they are digitally savvy and will appreciate the benefits of the advised wealth management.

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    WealthDesk – Founders and Team

    Ujjwal Jain is the founder and CEO of WealthDesk. Yuvraj Thakker is the Co-founder of WealthDesk.

    WealthDesk Founder
    Ujjwal Jain – Founder & CEO, WealthDesk

    WealthDesk Ideation Journey – How it Started?

    Reminiscing the journey towards inception of WealthDesk, Ujjwal Jain (Founder & CEO of WealthDesk) says –

    “I have almost a decade’s experience of working in the fund management industry. During my working tenure with DE Shaw (Wall Street based Hedge Fund), I got an opportunity to shift to Mumbai for a strategic India focused stint, this made me realize the massive India FinTech opportunity in asset management, fund management, advisory and broking. With it, I also realized that while I had demonstrated capabilities in the technology-driven active hedge fund industry, I needed to deep dive into how the Index/ETF-based passive industry works. I then took on a role with the MSCI Mumbai office and worked closely with the MSCI Geneva office which drives the Index business globally.

    In less than two years, I was able to work with the research and products team globally to launch multiple Smart Beta Indices. I also worked on setting up the technology platform for launching ESG based Indices that hold a lot of prominence now. Around the same time, I was also a part of a global team looking to platformize/productize Index manufacturing at scale to reduce turnaround time with clients and compete with new technology focused fintech competitors in Index space. Having built a strong institutional and in-depth understanding of both active and passive funds, I felt ready to explore the Fintech opportunity in India.

    During the research phase about India, I met several brokers and asset managers in Mumbai to understand their challenges and that of the sector at large. That’s when I clearly saw how technology could address most of the challenges that they are facing, and I began working towards it. During my research phase, I also met Yuvraj, who runs a Brokerage house as a third-generation stakeholder.

    We met several times and spent hours/days together in 2015, where Yuvraj gave a sense of the current challenges in Broking and Asset Management Industry as a legacy broker and I could look at these same problems with a complete modern Computer Science mindset. Eventually, we were able to create a roadmap to build WealthDesk platform ecosystem, that incorporated the startup Wealth Technology and Services Private Limited. Yuvraj provided a strong incubation ground within his brokerage house to launch and test the platform between a closed user group.

    We were clear that we wanted to build the platform first. We were sure that once we built a platform that addressed the needs of the industry, we would get customers. So, we began building a B2B2C platform ecosystem for advisors, research houses getting into advisory, brokers and investors on AWS. With its strong Start-up network, constant innovation on cloud, a strong presence in India with a vibrant developer community made AWS our default choice from day 1. It took three years for the team to work and build the platform. In 2018, WealthDesk went live. The team then spent the next year getting brokers and advisors on the platform.  Today, WealthDesk is India’s pioneering SaaS-based Neo AMC platform that powers advisory, broking, wealth management, and portfolio management to retail investors at scale.

    I believe that AWS has been a key enabler in our success story. Even without offering financial services, AWS has played an instrumental role in reshaping India’s financial landscape. AWS is the technological backbone of many FinTech companies, including WealthDesk, where product innovation through engineering is the integral component of value creation”

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    WealthDesk – Product and USP

    The product is the WealthDesk platform and it provides two key offerings – For the retail investors and businesses. WealthDesk is a B2B2C Platform ecosystem with one single SaaS offering of Business platform and multiple WealthDesk Consumer SaaS Deployment(B2C) for Brokers and Advisors.

    WealthDesk Business along with WealthDesk Consumer platform ecosystem enables Brokers, SEBI Registered Investment Advisors, Portfolio Managers, Research Analysts to manufacture and distribute their Stock/ETFs research as an Investable Portfolio called WealthBasket and distribute to Retail Investors through an ever expanding WealthDesk Consumer multi-broker ecosystem with seamless execution.

    WealthDesk solves the problem of retail investors, who look at markets with wealth creation goals. It helps them understand where and how to invest smartly and avoid mis-selling and wrong choices. Given it is still a push-based product, the journey to get first time investors into markets or making someone build a habit for moving savings into investments following a process and with discipline is difficult. Lot of effort needs to be made in that direction as an ecosystem.

    These challenges were met by bringing better Investment Products (WealthBaskets) in Indian markets that were beyond Mutual Funds for retail Investors on top of SEBI Registered Investment Advisory and Research Analyst licenses using Stocks and ETFs. The objective behind WealthDesk is to serve first time to seasoned investors with products previously accessible in the form of investable instruments. Also, drive the future of Digital Asset and Wealth management in India at scale and penetrate markets to a large extent across India.

    Traditionally investors, brokers and their research & advisory arms, SEBI registered advisors and research houses used to work in silos. This model of engagement does not allow them to serve retail investors and traders with right research and portfolio strategies thus leading to suboptimal returns, misalignment of goals/incentives and is operationally non-scalable to build assets under advisory businesses on top of Equities and ETFs, etc.

    Since 2013, regulators like SEBI had already started focusing on bringing transparency in advisory based distribution and streamlining the role of brokers as distributors and the recent draft of this circular (October 2020) is one of the steps in this direction to bring in more transparency, alignment. WealthDesk is pre-empting the eventuality of the industry by offering a platform powered investment instrument called WealthBaskets on top of Equities and ETFs to drive research and advisory based portfolios distribution to retail investors on top of broking. This innovation is the USP of WealthDesk.

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    WealthDesk – Challenges Faced

    Key challenges faced by the team initially was hiring top Engineering talent to build such a deep tech platform in Capital Markets based out of Mumbai. Once a great team was established, there was no looking back.

    Another challenge as well as the opportunity was to make brokers, advisors in the country look at this changing landscape and realize the future and opportunity through the founding team’s lens/vision. Once that was done, WealthDesk began growing organically, with zero sales and marketing spend till now.

    Yet another challenge was to make retail investors look at markets with wealth creation goals and understand where and how to invest smartly and avoid mis-selling and wrong choices. Given it is still a push-based product, the journey to get first time investors into markets or making someone build a habit for moving savings into investments following a process and with discipline is difficult. Lot of effort needs to be made in that direction as an ecosystem. But that is an opportunity also by creating a nudge-based user journey as a platform, provide right content and marketing push to bring the necessary behavioral change. Another opportunity is that as a B2B2C SaaS platform in this space, WealthDesk can get B2B on its platform and create a bigger ecosystem at scale.

    These challenges were overcome by bringing better Investment Products (WealthBaskets) in Indian markets that were beyond Mutual Funds for retail Investors on top of SEBI Registered Investment Advisory and Research Analyst licenses using Stocks and ETFs. The objective behind WealthDesk is to serve first time to seasoned investors with products previously accessible in the form of investable instruments. Also, drive the future of Digital Asset and Wealth management in India at scale and penetrate markets to a large extent across India.

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    WealthDesk – Growth and Current Status

    WealthDesk ended Calendar year 2020 with 20 broker and advisor partners. It has nearly doubled the number of partners in Q1 of 2021.

    Currently, WealthDesk has 50+ partners who have leveraged WealthDesk’s platform to realign their broking and advisory offerings around SmartBeta, Factor based Thematics, Sectoral, Asset Allocation based ETF WealthBaskets that are driving a new product ecosystem.

    This includes renowned full-service brokers such as Motilal Oswal, JM Financial, Anand Rathi, Prabhudas Lilladher, among others.

    Some of the leading investment advisors such as Quantech Capital (OpenQ), Finmo, Renaissance Investment Managers, Tamohara, Wright Research, etc. are on WealthDesk.

    WealthDesk has also integrated with discount brokers such as ICICI Direct, Zerodha and Upstox that allows their users to directly login on WealthDesk.in and invest in WealthBaskets.

    WealthDesk has also seamlessly integrated with 63 moon’s ODIN trading platform; this platform powers 800+ brokers. This partnership brings Advisory based Value Added Broking to all such brokers in a plug and play model.

    WealthDesk – Future Plans

    WealthDesk’s focus for the future has always been on expanding beyond mutual funds and portfolio management services. With the support and help from its partners, the team believes that they can drive the future of investing in Indian capital markets.

    WealthDesk – FAQs

    What is WealthDesk?

    WealthDesk is India’s pioneering B2B2C platform that captures the entire Investment/Asset Management/Advisory value chain from portfolio creation on top of Equities and ETFs which are productized into investment products called WealthBaskets.

    Who are the founders of WealthDesk?

    Ujjwal Jain is the founder and CEO of WealthDesk. Yuvraj Thakker is the Co-founder of Wealth Desk.

    What is WealthBasket?

    WealthDesk Business along with WealthDesk Consumer platform ecosystem enables Brokers, SEBI Registered Investment Advisors, Portfolio Managers, Research Analysts to manufacture and distribute their Stock/ETFs research as an Investable Portfolio called WealthBasket

    When was WealthDesk founded?

    WealthDesk was founded in 2016. The WealthDesk platform went live in 2018.

  • GoDaddy – Story of the Biggest Domain Provider

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    Want to start your own business? Want to become an entrepreneur? Want to have a beautifully created and a unique website of your own? A domain name is important too right? Fast hosting is desired by all but we don’t know how many of us get to experience this.

    GoDaddy is a platform for entrepreneurs to dream big and grow their online business around the globe. It helps all by giving the required tools the customers need to develop their website online. Read the GoDaddy success story below.

    GoDaddy – Company Highlights

    Company Name GoDaddy
    Headquarters Scottsdale, Arizona, US
    Sector Customer Service, Cyber Security, E-Commerce and Web Development
    Founder Bob Parsons
    Founded 1997
    CEO Aman Bhutani (Sep 2019-Present)
    Website godaddy.com

    GoDaddy – About
    GoDaddy – Startup Story
    GoDaddy – Founder and Team
    GoDaddy – Logo
    GoDaddy – Business Model
    GoDaddy – Revenue Model
    GoDaddy – Funding
    GoDaddy – Growth
    GoDaddy – Competitors
    GoDaddy – Future Plans
    GoDaddy – FAQ’s
    GoDaddy – Conclusion

    GoDaddy – About

    GoDaddy is a place for small businesses. It offers all sorts of tools that are needed to manage and grow the business online. From website creation to domain names it solves all kinds of equations. It is the world’s largest web hosting and domain name registrar provider.

    20 million customers worldwide trust GoDaddy to support them through their professional services and features, including:

    • Domain names and hosting
    • A website builder with custom themes tailored to your industry
    • GoDaddy email and email marketing services
    • 24/7 support with our friendly GoDaddy Guides

    GoDaddy – Startup Story

    The company was founded in Maryland by an entrepreneur named Bob Parsons. The company came into existence after he sold his software services company. In the same year, he retired and founded a new company, Jomax Technologies which later in 1999 changed its name and became GoDaddy.

    GoDaddy – Founder and Team

    Bob Parsons, Founder, GoDaddy

    Bob Parsons is the founder of GoDaddy. He is an American billionaire, philanthropist, and entrepreneur. He was born in the year 1950, November 27th. He is a man of 70 years. In 2011, July, he sold 70% of the company and resigned as a CEO. He served till 2018. He is also the founder and CEO of YAM Worldwide, Inc. His rank is no. 378 on the Forbes 400 list of The Richest People In America currently.

    His parents were hardcore gamblers which is why his family struggled a lot financially. His father was a salesman and his mother was a homemaker.

    Parsons says,

    “I have earned everything I have ever received.”

    Aman Bhutani is the CEO of GoDaddy who took the position in Sep 2019.

    GoDaddy Logo

    GoDaddy – Business Model

    GoDaddy concentrates on the mentioned below business segments –

    • Domain name services – domain name privacy, aftermarket domain name transaction and primary domain registration.
    • Web presence – digital marketing, web security products, online store building and website builder.
    • Web hosting – VPS, dedicated server hosting and shared.

    It serves customers worldwide. It targets customers like business owners, freelance professionals, etc. The company also has got a range of customers featured on the official website of theirs. GoDaddy brand adds value to its products. The company is known by all because of its efficient services.

    GoDaddy – Revenue Model

    The company has got a Reseller Program. Here individuals can sell GoDaddy products with full support and assistance. It is available on a subscription basis with basic and premium packages priced at £6.34 and £10.50 per month respectively. Affiliate Program targets especially blogs, websites, etc. which can earn an amount from customers generated for GoDaddy with support from the company without any fees. Revenue is generated through the sale of domain registration services, security services and web hosting. There are subscription packages for various sorts of hosting.

    Creative ways to make money with GoDaddy site, the domain name provider
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    GoDaddy – Funding

    GoDaddy has raised an undisclosed amount in funding from the 2 funding rounds.

    Date Transaction Name Money Raised Lead Investor
    December 1, 2012 Series A – –
    December 1, 2011 Venture Round – –

    GoDaddy – Growth

    The company has now exceeded 20 million customers. Investment marketing is expected to continue at a faster rate as unit economics improves itself every quarter. The website creating platform has seen good revenue growth with new users. This happened because subscriptions are more accessible than before. In the WordPress ecosystem, Go Theme is in the top 8 out of 8000 available themes. The company is seeing a significant growth process with both accelerated monthly and yearly users.

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    GoDaddy – Competitors

    The top competitors of the company are Endurance International, Donuts Inc. and United Internet.

    • Endurance International is the top competitor of GoDaddy. It is headquartered at Burlington, Massachusetts and was founded in 1997. The company competes in the Digital Marketing field.
    • Donuts Inc is one of the top competitors of GoDaddy. It is headquartered at Bellevue, Washington and was founded in 2010. It operates in the Internet Software industry.
    • United Internet is also one of the top competitors of GoDaddy. It is headquartered at Montabaur, Rhineland-Palatinate and was founded in 1988. It works in the Networking and Electronic Equipment field.

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    GoDaddy – Future Plans

    The company is aiming towards the small, medium and independent businesses in the Tier II and Tier III cities of India to drive its revenue growth to the next level. It is also looking forward to providing end to end management of businesses than just being a product seller.

    GoDaddy – FAQ’s

    What is GoDaddy?

    GoDaddy is a platform for entrepreneurs to dream big and grow their online businesses around the globe.

    What services does GoDaddy provide?

    It offers all sorts of tools that are needed to manage and grow the business online. From website creation to domain names it solves all kinds of equations.

    Who is the founder of GoDaddy?

    Bob Parsons is the founder of GoDaddy. He is an American billionaire, philanthropist, and entrepreneur.

    Who is the CEO of GoDaddy?

    Aman Bhutani is the CEO of GoDaddy who took the position in Sep 2019.

    What was GoDaddy previously called?

    GoDaddy was previously called Jomax Technologies which later in 1999 changed its name and became GoDaddy.

    GoDaddy – Conclusion

    GoDaddy is on a mission to make entrepreneurship more inclusive for all with support, tools and insights. If you’re just starting out or already have a venture, the GoDaddy team is ready to help you take your idea online and share it with the world.

    Tune in as GoDaddy guides small business owners toward success through the power of a strong online presence. From branding your business to building a website and setting up email, you’re in the right place to get everything you need to be online.

  • Doctor Insta – Bringing Healthcare to Everyone’s Fingertips!

    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 Doctor Insta.

    We are often left in awe as to how digitization has changed the way we live and carry out our daily work. We no longer have to wait in lines to watch a movie, thanks to online ticket booking applications. We don’t have to call a hundred service providers like carpenters and painters to avail their services. That all is available now at just one click, thanks to the online portals.

    Similarly, now we have online doctor consultation available 24×7 accessible anytime anywhere. To step up the game and make it available to more and more people in the country, Amit Manjul launched Doctor Insta in 2015.

    Read on to know more about the Doctor Insta Company Profile, Founders, Business Model, Funding, Investors and Growth.

    Doctor Insta – Company Highlights

    Startup Name Doctor Insta
    Headquarter Gurgaon, Haryana
    Sector Healthcare
    Founders Amit Munjal
    Founded 2015
    Total Funding $7 Million
    Revenue INR 6 crore (2017-18)
    Parent Organization Doctor Insta Private Limited
    Website doctorinsta.com

    Doctor Insta – About and how it works
    Doctor Insta – Founders and Team
    Doctor Insta – How did it start?
    Doctor Insta – Business Model and Revenue Model
    Doctor Insta – Competitors
    Doctor Insta – Funding and Investors
    Doctor Insta – Growth and Revenue
    Doctor Insta – Future Plans
    Doctor Insta – FAQs

    Doctor Insta – About and how it works

    Doctor Insta is a “Video-Medicine” platform that provides online consultation in general medicine, pediatrics, psychology, and nutrition. This venture aims to bridge the consultation gap between doctors and patients, by putting a digital channel in place. Through the videos on the portal, the audience is able to audio-visually be connected to the doctors and specialists and avail treatment advice from the specialists within just 15-30 minutes.

    This platform provides instant access to the healthcare professionals 24×7 via voice and video calls and also the chat feature that it has on its application. Besides consultation, it also provides home delivery of medicines and laboratory and diagnostic test reports, which are shared over email.

    Doctor Insta.com
    Doctor Insta Logo

    Doctor Insta as of today has more than 100 doctors on its platform, with business-to-business-to-consumer (B2B2C) vertical. With this vertical, the employers pay fixed monthly retainership fees for their employees to access all the services on the Doctor Insta application. This B2B2C vertical covers more than 2,00,000 employees and their families.

    Doctor Insta – Founder and Team

    Amit Munjal is the founder and CEO of Doctor Insta.

    doctor insta founder
    Amit Munjal – Founder and CEO of Doctor Insta

    He is a Harvard graduate and a CFA. Amit has worked with quite a few renowned companies like Deloitte, Bank of America Merrill Lynch, Citi bank, and is also the founder and CEO at Brahmax Ventures.

    Doctor Insta – How did it start?

    In case you’re wondering how an innovative concept like this originally germinated? This is how Doctor Insta started. There was this one time when Amit sprained his ankle and was forced to use a telemedicine app in the States. And surprisingly, he was quite impressed by the experience.

    “It helped me access a doctor from the convenience of my residence—saving time and money,” said Amit Munjal, CEO of Doctor Insta.

    This very incident inspired this smart, spectacular and very talented young man to start something very similar in India too. Telemedicine has been a very popular concept in the West for a very long time. And the surging and exponential growth in India’s digital economy offered a promising opportunity for on-demand preventive and curative healthcare at one’s doorstep.

    Also, India has a poor availability of doctors, so essentially addressing health concerns remotely has been a massive need in the country for a very long time. Besides, there’s also the daunting low doctor-to-people ratio in India, because most qualified and skilled doctors are usually available only in the tier-I cities. For people residing in tier- II and tier- III cities, access to quality healthcare is still a distant dream.

    This social need and the budding business opportunity with it inspired the founder Amit Munjal to launch Doctor Insta in 2015.

    Doctor Insta Story

    Doctor Insta – Business Model and Revenue Model

    The Doctor Insta business model has unique B2C and B2B2C Models for Patients and Employers with Gross Margin as high as 70%. It provides access to quality healthcare professionals 24×7. This service is provided through voice and video calls and with the chat feature in its application.

    The consultation on this application can be availed of on a pay-as-you-go basis, for which the charge is INR 440 per consultation, or the user also has the choice of taking an annual subscription for which the charge is INR 2,500. The subscription package at Doctor Insta comes with a free 30-day trial period. Also, the user can add up to three dependents in the plan at zilch cost on this application.

    “Though major illnesses need to be addressed physically, certain health issues—medicines, gynecology, diet, and nutrition-related issues, among others— can be easily addressed remotely,” said Amit Munjal, founder of Doctor Insta.

    Doctor Insta – Competitors

    As discussed in the beginning, digitization is upscaling the market big time, and due to that, a lot of other healthcare platforms have come to offer application-based healthcare to the masses.

    Top competitors of Doctor Insta are Practo, Medikoe, Cure, DocPlexus, Pluss, MeraDoctor, Portea amongst many more players in the segment. With the reports of soaring opportunities in this segment, Doctor Insta and other startups in the space will be exposed to a plethora of opportunities ahead.

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    Doctor Insta – Funding and Investors

    Doctor Insta has raised a total of $7 Million in funding over 3 rounds. Their latest funding was raised on Oct 4, 2017 from a Series B round.

    Here is a list of all the funding rounds of Doctor Insta:

    Date Stage Amount Investors
    December 2015 Seed Round $500K BrahmaX Ventures
    August 2016 Series A $2.5 million BrahmaX Ventures, RoundGlass Partners
    October 2017 Series B $4 million BrahmaX Ventures

    Doctor Insta – Growth and Revenue

    • Doctor Insta had around INR 6 crore revenue in 2017-18
    • Doctor Insta conducts more than 4,000 consultations a day
    • Currently running its services at a pan-India level
    • Collaborated with more than 150 companies such as American Express, SRF, Channel Play, Videocon, Muthoot Finance, etc.
    • The company today has over 500K application installations
    • More than 1 million users are using Doctor Insta

    Doctor Insta – Future Plans

    “There are about one million allopathic doctors in India conducting about 50 million consultations every day. In two years, we want to acquire 2% of this market—one million consultations a day by 2020. The growth prospects are huge,” says Amit Munjal, founder and CEO of Doctor Insta.

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    Doctor Insta – FAQs

    What is Doctor Insta?

    Doctor Insta is a “Video-Medicine” platform that provides online consultation in general medicine, pediatrics, psychology, and nutrition. This venture aims to bridge the consultation gap between doctors and patients, by putting a digital channel in place

    How does Doctor Insta make money?

    It has B2C and B2B2C Models for Patients and Employers with Gross Margin as high as 70%. The consultation on this app can be availed of on a pay-as-you-go basis, for which the charge is INR 440 per consultation, or the user also has the choice of taking an annual subscription for which the charge is INR 2,500.

    Who is the Founder of Doctor Insta?

    Amit Munjal is the founder and CEO of Doctor Insta.

    How much Funding has Doctor Insta raised?

    Doctor Insta has raised a total of $7 Million in funding over 3 rounds. Their latest funding was raised on Oct 4, 2017 from a Series B round for $4 Million led by BrahmaX Ventures.

    Who are the competitors of Doctor Insta?

    Practo, Medikoe, Cure, DocPlexus, Pluss, MeraDoctor, Portea amongst many more players in the segment.

    How much is the revenue of Doctor Insta?

    Doctor Insta had around INR 6 crore revenue in 2017-18.

  • Asanify – Best Online Payroll Software

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    In a developing country like India, citizens are having many developing and small businesses with dreams of growth and success. Payroll and Salary distribution are very important in such small businesses in India. The company has got the best HRMS (Human Resource Management System).

    Asanify is a company that is simplifying the above-mentioned problems and providing instant solutions to various small businesses in India. It is engaging the workers with the best Payroll software and HRMS. It is helping in the distribution of salaries and also saving time and helping build businesses. It is also having the best HR Chatbot in the market. Read the Asanify success story below.

    Asanify – Company Highlights

    Company Name Asanify
    Headquarters Kolkata, West Bengal, India
    Sector Artificial Intelligence, E-Learning, FinTech, Human Resources, Machine Learning, SaaS and Software
    Founder Priyom Sarkar
    Founded December 13, 2019
    Website asanify.com

    Asanify – About
    Asanify – Startup Story
    Asanify – Founder and Team
    Asanify – Business Model
    Asanify – Revenue Model
    Asanify – Funding and Investors
    Asanify – Competitors
    Asanify – Future Plans
    Asanify – FAQ’s
    Asanify – Conclusion

    Asanify – About

    Asanify is a Kolkata based company helping small businesses and startups to save costs and enhance revenues. It is having the best payroll software, HRMS and Sales Enablement Engine. The company is also having a good Chatbot. It engages the workers as well as drives greater sales.

    Asanify – Startup Story

    Small businesses in India and all around the world lose about 25% of their precious time in HR (Human Resource) and payroll operations. Activities such as emailing or creating pay slips consumes a lot of time and energy. So, to save time and energy Asanify was created to simplify human resource management, salary payments and payroll for small businesses. It provides an engaging platform for all employees. The platform allows the employees to download pay slip and apply for leaves directly on WhatsApp. The company got its introductory set of clients from Priyom’s personal connections.

    Asanify Logo

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    Asanify – Founder and Team

    Priyom Sarkar is the founder and the CEO of the company. He is a seasoned consumer. He is also an enterprise technology professional with experience in China, US and Indian markets. He has also got a strong track record of creating and growing digital businesses. He is a graduate from Jadavpur University and he pursued his MBA from the Indian School of Business.

    Priyom Sarkar, Founder and CEO, Asanify

    Asanify – Business Model

    Startup founders are the main targets of the company Asanify. The company tries to find founders who are trying to grow their businesses and are not willing to waste time and energy in non-core operations. The work is to automate processes. Starting from hiring to their exit. The company distributes salaries to the employees in their respective bank accounts.

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    Asanify – Revenue Model

    The company has got a monthly subscription scheme for its clients. Asanify does not require long term contracts. Users can cancel plans anytime. The packages start from INR 99 per employee, per month. The pandemic has helped Asanify a lot in growing its business. It grew by more than 50% during the year 2020.

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    Asanify – Funding and Investors

    Asanify has raised a total amount of INR 3.5 million in funding over the 1 funding round.

    Date Transaction Name Money Raised Lead Investor
    August 14, 2020 Pre Seed Round INR 3.5 million –

    Asanify is funded by 2 investors. Gaurav Prasad is the most recent investor.

    Asanify – Competitors

    The top competitors of the company are BambooHR, Rippling, Paychex Flex and Zenefits.

    • BambooHr is the top competitor of Asanify. It is for small businesses. It offers onboarding tools, integrated payroll, e-signatures and performance management with easy reporting directly through a mobile app for the employees of the company.
    • Rippling is also one of the competitors of Asanify. It is a very modern system that can onboard new hires in 90 seconds. It can also manage the company’s payroll easily.
    • Paychex Flex is an online human resource management system. It helps companies to hire, manage, recruit and pay. It is all in one. It allows the founders to pay more attention to the growth of the company.
    • Zenefits is also an HR platform that helps small companies to empower their workforces.

    Asanify – Future Plans

    From 2020, remote working has begun and might continue further. Remote working has increased the work hours and productivity of the employees. With the help of technology, employees are now expected to produce more and more result-based performance compared to the earlier days. Training will become more personalized with the help of remote devices. This is the biggest probability that is being seen shortly.

    Asanify – FAQ’s

    What is Asanify?

    Asanify is a company that is simplifying the above-mentioned problems and providing instant solutions to various small businesses in India.

    What services does Asanify provide?

    It is engaging the workers with the best Payroll software and HRMS. It is helping in the distribution of salaries and also saving time and helping build businesses.

    Who is the founder of Asanify?

    Priyom Sarkar is the founder and the CEO of the company.

    Who are the targeted customers of Asanify?

    Startup founders are the main targets of the company Asanify.

    Asanify – Conclusion

    Asanify – the gamified HR, Payroll and Benefits platform that automates compliances and engages employees for people focused and progressive global companies.

    Asanify believes in the principles of AWE-

    • Asanify or automate
    • Work is wonderful or fairness & transparency in people decisions
    • Engage with a delightful interface wherein the entire HR operations can be run directly on a chat based interface such as Whatsapp, Microsoft Teams, Slack, etc.

  • Flowmailer – The Email Delivery Platform you can rely on!

    Flowmailer provides an email delivery platform, focusing on reliable and lightning-fast email delivery. The team believes that every email not making it to the inbox is a missed opportunity to interact with your customer. That’s why they focus on improving the clients’ email deliverability. In the future, they’d love for every legitimate sender to have 100% delivery to the inbox.

    Read this article to learn about Flowmailer, email API, email delivery, SMTP, services, growth, funding, business model, and challenges.

    Flowmailer – Company Highlights

    Startup Name Flowmailer
    Headquarter Rotterdam, The Netherlands
    Sector Email Marketing
    Founders Richard van Looijen
    Founded 2014
    Legal Name Flowmailer bv
    Website flowmailer.com

    Flowmailer – Target Market Size
    How was Flowmailer Started?
    Flowmailer – Product/Services
    Flowmailer – Name, Tagline, and Logo
    Flowmailer – Business Model and Revenue Model
    Flowmailer – Startup Launch
    Flowmailer – User Acquisition and Growth
    Flowmailer – Startup Challenges
    Flowmailer – Growth
    Flowmailer – Funding and Investors

    Flowmailer Dashboard
    Flowmailer Dashboard

    Flowmailer – Target Market Size

    Email deliverability should be important to every business, so the company do not have a specific target industry or definable market size. In the next five years, though, Flowmailer aims to dominate the Dutch SMTP market and to have set a foot on the global market.

    How was Flowmailer Started?

    Flowmailer emerged from an email marketing software called MailPlus (now Spotler). Customers kept calling for a dedicated, more reliable delivery platform for their transactional emails. That’s where Flowmailer originates from, so when their customers got acquainted with Flowmailer, they were very enthusiastic.

    Flowmailer – Product/Services

    Simply put, Flowmailer is an SMTP relay service. The basic function of the platform thus is to receive emails from source systems (webshops, CRM systems, CDPs) and deliver them to the recipient’s inbox. But many SMPT relay services struggle with their deliverability.

    Flowmailer working SMTP
    Flowmailer working SMTP

    Flowmailer stands out from the crowd because its main focus is to get emails delivered, meaning it provide all the tooling the customers need to increase their deliverability. Furthermore, the platform provides tons of features to upgrade transactional emails, like advanced templates and dynamic PDF attachments.

    Email deliverability can be a pain to most marketers/email developers out there. The name is based on the company’s goal to relieve this pain and make email deliverability feel like it’s all going automatically: the simplicity of ‘the flow’. The ‘wm’ in the logo is a flow symbol.

    Flowmailer Logo
    Flowmailer Logo

    Flowmailer – Business Model and Revenue Model

    Flowmailer works on a pricing business model. The pricing is based on the amount of emails sent/month – divided in two packages, Go! and Pro. Go! unlocks all Flowmailer features for an account, Pro is made for accounts with multiple domains and source systems, plus enables phone support.

    Price/Number of emails Flowmailer Go! Flowmailer Pro
    <25000/month €89 €249
    <50000/month €179 €329
    <75000/month €269 €429
    <150000/month €389 €549
    <250000/month €509 €669
    <500000/month €609 €769
    <1000000/month €729 €889
    1000000+/month Custom Custom

    Flowmailer – Startup Launch

    As mentioned, Flowmailer is a spin-off from MailPlus, starting with 0 users was never an issue. Though, growing from that point took a lot of time. In the beginning, they mostly worked with sales strategies and partner relationships. Since last year the team has started doing marketing, which helps them grow as well.

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    Flowmailer – User Acquisition and Growth

    From a marketing perspective, the team found that there is a lot of traffic on SMTP, DMARC, and alternatives to their competitors. They’ve started targeting this traffic with Google Ads and it works. They spend a few thousand euros on marketing on average/month.

    Flowmailer – Startup Challenges

    Starting with marketing, the product was challenging. As mentioned, the team was relying on mostly cold sales before, so marketing was new to them. As a result, the startup’s first marketing project kind of failed, but they learned from it, and now get to know the audience a little better every day.

    Flowmailer – Growth

    Flowmailer mainly focused on the Netherlands (EU) for the past years, but started helping some international clients since this year. Most customers are thus Dutch, like VodafoneZiggo, Eneco, DPD, but they also have brands like Asics in their portfolio.

    Here’s a BuildWith metric:

    Flowmailer Usage Statistics
    Flowmailer Usage Statistics

    Flowmailer – Funding and Investors

    Flowmailer has raised a total of €280K in funding over 2 rounds.

    Date Stage Amount Investors
    April 2017 Seed Round €100K –
    April 2017 Venture Round €180K CNBB Venture Partners

    Flowmailer – FAQs

    What is Flowmailer?

    Flowmailer provides an email delivery platform, focusing on reliable and lightning-fast email delivery.

    Who is the founder of Flowmailer?

    Richard van Looijen is the founder of Flowmailer.

    When was Flowmailer founded?

    2014

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