StartupTalky

Tag: 📄Company Profiles

  • Themesberg – A Platform for Amazing Website Templates and Themes

    Nowadays, most web designers use web design templates for their work. Though they might require some customization to meet your needs, web design templates offer numerous advantages. The website template can be customized to your requirements by changing the colors, pictures, and text so that it ends up looking quite different from the original. It also saves you a lot of time and is cost-efficient.

    With a ready-made website template, you don’t have to imagine what the finished product will look like, whether the web developer you’ve chosen has understood your requirements, whether your website will have to go through several changes and iterations before you’re satisfied with the end-product.

    Themesberg was created to bring quality code and templates together. They use unique and new design trends created solely by their team and innovate the process of developers by their products.

    Themesberg – Company Highlights

    Startup Name Themesberg
    Headquarter Timișoara, Romania
    Sector Software Development & Tools
    Founders SzƑgyĂ©nyi ZoltĂĄn, Tanislav Robert
    Founded 2019
    Parent Organization Crafty Dwarf LLC
    Website themesberg.com

    About Themesberg and How it Works
    Themesberg – Target Market Size
    How was Themesberg Started?
    Themesberg – Product/Services
    Founders of Themesberg and team
    Themesberg – Name, Tagline, and Logo
    Themesberg – Business Model and Revenue Model
    Themesberg – Startup Launch
    Themesberg – User Acquisition
    Themesberg – Startup Challenges
    Themesberg – Growth
    Themesberg – Future Plans
    Themesberg – Funding and Investors
    Themesberg – Advisors and Mentors
    Themesberg – Offers

    About Themesberg and How it Works

    Themesberg offers both free and premium high-quality website themes, templates, and UI kits that web developers and companies can use to create beautiful websites and applications. They sell professional design and code to save time and money for clients.

    The company’s short term goal is to expand the variety and number of themes to at least 50. They also seek to integrate their products into technologies such as React, Vue, Angular, and so on. Their long term goal is to surpass ThemeForest as the leading market shareholder for website themes and templates.

    The core belief of the team is quality above quantity, respect for clients and partners, and growth no matter what. Based on these three principles, Themesberg became one of the fastest-growing websites in the industry market.

    Themesberg – Target Market Size

    The industry the startup currently targets is software development and design, particularly for web interfaces. The market size is huge and there is no real way of calculating it. A good indicator would be popular related websites such as Github which has almost 400 million unique users every month.

    “I believe that the software development industry will continue expanding in the next few years and we will see new and better frameworks and technologies emerging that will help developers save time with boilerplate code and enable them to focus on building awesome features”, says SzƑgyĂ©nyi ZoltĂĄn, founder of Themesberg.

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    How was Themesberg Started?

    The inspiration came from the fact that there were not many high-quality themes and UI Kits out there. Excluding a few exceptions such as the products from Creative Tim, most web-based UI kits out there were disappointing. Also, the founders love building beautiful user interfaces and websites and it helps to do something that they are passionate about.

    In terms of research and idea validation, they already knew there was a fully developed market for this just by looking at the traffic and sales of some of the best-performing companies in this industry, such as Envato, Creative Tim, and so on.

    Themesberg was created out of passion and dedication for high-quality user interfaces and clean code. It is a project that is continuously in development and the co-founders are already working on ways to improve the experience of their users using the website and products.

    “The people we most usually talk and listen to are first of all our clients, regardless of whether they have purchased something or not. We listen to their feedback and most of the time apply it to our vision. Themesberg is being molded by the direct demands of the market. Secondly, we closely work with our partners: Creative Tim and AppSeed.”, said SzƑgyĂ©nyi ZoltĂĄn.

    Themesberg – Product/Services

    Themesberg website is the platform where the company promotes, list, and makes its products available. The products there solve two big problems: development time and premium design. Using a theme from themesberg will save you a lot of time and money just by reducing your development time with boilerplate code while making sure you make use of one of the most well-designed user interfaces out there.

    The startup’s main innovation is the quality of products and the fact that they list a lot more details for each product on Themesberg, such as the file structure, overview of all of the pages, and so on. Of course, innovation is something that is in the making. Next year from now you will probably see a lot more unique traits to its marketplace.

    The co-founders never had an “initial product” idea. They just created a website listing their work, then step by step added new features and updates which started defining what Themesberg is today, namely the place to go to download and purchase high-quality website themes, templates, and UI kits in various front-end technologies.

    Founders of Themesberg and team

    Themesberg is founded by SzƑgyĂ©nyi ZoltĂĄn and Tanislav Robert.

    SzƑgyĂ©nyi knew Robert since his university days back a few years ago. They wanted to start something together even then but they were just not ready in terms of knowledge and experience.

    “One day he asked me some question about Javascript and he showed me his project that he was working on, which was called Pixel UI Kit. I really liked what I saw and I proposed to him to create a team together and take it to the next level.”, recalls SzƑgyĂ©nyi, co-founder of Themesberg.

    Since then they created a website called Themesberg and currently, it has 10 free & premium products, over 2,000 registered web developers, and companies with a monthly growth of both traffic and sales.

    Robert is the boss when it comes to design and product development and SzƑgyĂ©nyi is the guy who helps him with code development, marketing, and the general vision and strategy of the company. They make up a great team! Both the co-founders learned at the same university in information technology of West University from Timisoara, Romania.

    The company size still consists of only the two co-founders but they are seeking to expand the team soon. They don’t have a well-defined work culture just yet, but they have a focus on quality rather than deadlines. Remote work is something that is integrated into their daily schedule as well.

    Themesberg Logo
    Themesberg Logo

    The “berg” from Themesberg comes from the word “iceberg” which would indicate that the products not only look really nice, but that they also come with clean code, great customer support and the long term benefits you get by working with these themes.

    Themesberg – Business Model and Revenue Model

    Themesberg offers three types of licenses for each product: freelancer, company, and enterprise. All of them are carefully built to match the needs of each type of customer and business. Additionally, they offer a lot of free products as well which serve as a demo for their PRO themes.

    The pricing range is between $49 and $999 for all its products and licenses. They only pay a small commission to their payment and tax processor called Paddle for each transaction.

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    Themesberg – Startup Launch

    Szogyenyi Zoltan working in a Cafe

    The co-founders used everything they could. Social media, friends referral, Hacker News, Indiehackers, Product Hunt, Reddit, and so on. As months passed by, they launched new products and wrote high-quality content on their blog about web development and design, their traffic started to grow.

    “One interesting thing is that our most searched keyword on Google is actually ‘Themesberg’. This means that people are highly likely to come back to our website when searching for website themes, templates, and UI kits. We’re also building a brand, not just backlinks!”, says SzƑgyĂ©nyi ZoltĂĄn.

    The company also regularly launch open source projects on its official Github page and that helps it drive traffic to the main website and products.

    Themesberg – User Acquisition

    Partnering up with Creative Tim surely helped the duo drive some more interest towards Themesberg because they carefully select the partners they decide to work with. They even launched a joint project together with them called Impact Design System PRO which brings together the best of two worlds: front presentational pages and high-quality admin dashboard interfaces.

    Other than that, SzƑgyĂ©nyi and Tanislav kept focusing on providing high-quality content, products and generally improving their marketing strategies and website. They haven’t really invested any money into advertising so most of the growth was organic. That may change in the near future.

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    Themesberg – Startup Challenges

    The major challenge was reaching $1k monthly revenue. It’s really hard to do that with only a few products and a new website that doesn’t really have traffic.

    “The first year was difficult and I believe the only thing that kept us moving was our passion and dedication to building high quality user interfaces and to make Themesberg the market leading website for the industry.”, said SzƑgyĂ©nyi ZoltĂĄn, co-founder of Themesberg.

    One of their experiments that didn’t really work out was creating highly specific and niche website templates. The problem was that the market was not that big and the demand was low. So the duo slightly repurposed some of those templates and now they have a much better conversion rate.

    Themesberg – Growth

    The main headquarters of the company are in Timisoara, Western Romania. The monthly revenue is around $3-4k with a goal to reach at least $10k by the end of the year. The user base is over 2,000 web developers and companies. Market share is probably no more than 1% at this point.

    Notable clients include developers from universities such as Harvard, Cambridge, and so on. The main partners are Creative Tim and AppSeed. Their website has been growing month by month and currently, it has around 40k unique visitors every month with a goal to reach 100k per month by the end of the year.

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    Themesberg – Funding and Investors

    Themesberg hasn’t raised or is seeking to raise funds in the near future. They want to keep the current shareholders’ structure.

    Themesberg – Advisors and Mentors

    The company’s mentors are our clients, partners, families and friends.

    Themesberg – Future Plans

    Our plans for the next two years are to expand the product catalog and the variety of technologies we integrate them with. We will probably tap into the CMS market with offering WordPress themes at some point as well. For sure we want to reach around $40k monthly revenue and at least 400k monthly visitors for our website in the next 2 years – SzƑgyĂ©nyi ZoltĂĄn.

    Themesberg – FAQs

    What is Themesberg?

    Themesberg offers both free and premium high-quality website themes, templates, and UI kits that web developers and companies can use to create beautiful websites and applications. They sell professional design and code to save time and money for clients.

    Who is the founder of Themesberg?

    The founders of Themesberg are SzƑgyĂ©nyi ZoltĂĄn and Tanislav Robert.

    How was Themesberg Started?

    Themesberg is a platform started in 2019 with the initial objective to become the best web template/theme and UI resource for developers and companies across.

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  • Coursera – World’s Largest Online Education Portal!

    With the advent of the internet and smartphones came the opportunity of educating and learning over the internet. And two American Professors, Andrew Ng and Daphne Koller capitalized on this opportunity by launching Coursera in 2012.

    Coursera is an e-learning platform that offers free and paid short courses, skills certifications, and complete degrees. Read this article to know more about Coursera’s company profile, founders, growth, competitors, funding, startup challenges, and business model.

    Coursera – Company Highlights

    Startup Name Coursera
    Headquarter San Francisco Bay Area, Silicon Valley, West Coast
    Sector Ed-Tech
    Founders Andrew Ng, Daphne Koller
    Founded 2012
    Parent Organization Coursera, Inc.
    Website www.coursera.org

    About Coursera and How it Works
    Founders of Coursera and team
    How was Coursera Started?
    Coursera – Startup Launch
    Coursera – Business Model and Revenue Model
    Coursera – Startup Challenges
    Coursera – Competitors
    Coursera – Funding and Investors
    Coursera – Growth
    Coursera – FAQs

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    About Coursera and How it Works

    Coursera is an e-learning platform that offers free and paid short courses, skills certifications, and complete degrees. These educational courses are brought in to the customers by partnering with universities and businesses. Currently, Coursera offers these educational courses at a wide array of prices, from free-to-audit courses to $ 30,000-degree programs.

    Coursera has partnered with more than 190 universities, businesses, and nonprofits. Majorly, the lectures for the courses offered at Coursera are free. However, if a student wishes to get a certificate of completion from Coursera, one can opt to pay for a per-course fee to the platform to participate in the “Signature Track.” This feature gives the students who paid a specific amount of money access to graded assignments, homework, and examinations related to the curriculum of the course.

    If the student completes these assignments in a satisfactory manner, the students under this program, Signature Track earn a verified certificate towards the end of the course. This piece of certification is emblazoned with credentials such as the name of the course and the university that provided its content.

    Henceforth, students who finish these certification courses can display these certificates to their employers or other relevant organizations as a testimony to their professional qualifications and stated skills. This online education startup also offers financial assistance to the students who can demonstrate a genuine need. However, the requirements for such financial aids have now become particularly stringent as the company has grown.

    These education certificates are widely accepted and authenticated. Acknowledgment by the employers is the primary reason for Coursera’s success and the huge acceptance worldwide.

    Founders of Coursera and team

    Coursera was founded by two Stanford computer science professors Daphne Koller and Andrew Ng.

    Andrew Ng and Daphne Koller
    Andrew Ng and Daphne Koller
    • Daphne Koller– Before founding Coursera, Daphne was the Professor of Computer Science at Stanford University, where she served as a faculty for 18 years. She is the author of over 200 refereed publications and has been honored with multiple awards and fellowships.
    • Andrew Ng– Before founding Coursera, Dr. Ng was the founding lead of the Google Brain deep learning project. Dr. Ng has authored or co-authored over 100 research papers in machine learning, robotics, and related fields. In 2013 he was named to the Time 100 list of the most influential persons in the world. He holds degrees from Carnegie Mellon University, MIT, and the University of California, Berkeley.

    How was Coursera Started?

    Coursera was launched by these American Professors with the sole vision to give students from around the globe free access to degrees and other educational courses backed by professors of the top universities. When Coursera was launched, it charged nothing to students who, in turn, did earn an academic credit.

    Universities like Princeton, Penn, and Michigan signed on early during the inception years. And followed by which, tremendous hype followed, giving Coursera the status that it enjoys today. With thought leaders like the New York Times’ Thomas Friedman who very highly wrote about Coursera something like this, “Nothing has more potential to unlock a billion more brains to solve the world’s problems.”

    Coursera – Startup Launch

    After setting the initial steps in the industry, Coursera first started working with a handful of schools like Stanford, Princeton, University of Michigan, and the University of Pennsylvania and more with the idea to bring out a handful of their more popular courses on the internet.

    As of today, Coursera has partnered with many more organizations than just academic institutions like businesses, governments, and nonprofits and it is one of the most sought after education portals around the globe.

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    Coursera – Business Model and Revenue Model

    The Coursera business model and revenue model of is as follows. So basically, Coursera does not do any course production and takes about 40% of the tuition fees. Given that, its marketing costs are relatively low, because it organically reaches a huge number of learners worldwide. Coursera users have to pay a specific amount on the portal to engage with the material published on the site in a meaningful way and take up courses for individualistic purposes. This is the primary source of revenue for online education portals like Coursera.

    Over the years, Coursera has managed to put up a very stable business model. It offers products at quite a wider foray of prices. This wide array includes over 3,100 courses that are absolutely free to audit, the courses under “Signature Tracks” that ranges somewhere between $30 to $100, the courses under “Specializations” that range around $39 to $89 on monthly subscriptions, vast options of online degree programs ranging between $15,000 to $30,000, and lastly “Coursera for Business” for around $400 per employee on a yearly basis.

    Coursera – Startup Challenges

    Coursera’s all-time biggest milestone is to maintain revenue growth and nullify the competition in the same process. Coursera’s online education portals are becoming increasingly crowded with the passing days which intend the above-mentioned milestones addressed with proper guidance. In order to stay on top of the heap, Coursera will have to keep growing, nudging off the competitors and increase its revenue stream at an increasing rate.

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    Coursera – Competitors

    Companies like Pluralsight, edX, Udacity, and LinkedIn pose direct competition to Coursera. All of these offer services comparable to Coursera and cater to the same genre of the audience, more specifically learners and professionals.

    Coursera – Funding and Investors

    Coursera has raised $313.1 million over nine rounds of funding over all these years. According to some sources, it currently has $180 million in the bank. Also according to Forbes, Coursera is worth more than $1 billion.

    Here is a list of all the funding rounds of Coursera-

    Date Stage Amount Investor
    April 2012 Series A $16 Million Kleiner Perkins, New Enterprise Associates (NEA)
    July 2012 Series A $6 Million Kleiner Perkins Caufield & Byers, NEA
    July 2013 Series B $43 Million GSV Capital, International Finance, Learn Capital
    November 2013 Series B $20 Million GSV Capital, Learn Capital
    August 2015 Series C $49.5 Million Kleiner Perkins Caufield & Byers, Learn Capital, NEA
    October 2015 Series C $11.6 Million EDBI, GSV Ventures
    April 2017 Series D – –
    June 2017 Series D $64 Million GSV Asset Management
    April 2019 Series E $103 Million SEEK Group

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    Coursera – Growth

    • Coursera currently offers 3,200 courses in 13 languages and 310 specializations
    • Coursera is partnered with more than 192 institutions over 43 countries
    • Coursera’s partners include prestigious universities like Columbia University, Johns Hopkins and the University of Michigan
    • More than 40 million people have taken online classes through Coursera
    • Coursera closed 2018 with a revenue generation estimated at $140 million more than an estimated $100 million in 2017
    • As of now, Coursera is the largest provider in the online education market
    • By 2026, Coursera is projected to be worth anywhere between $42.97 billion and $65.48 billion worldwide

    Coursera – FAQs

    What is Coursera?

    Coursera is an e-learning platform that offers free and paid short courses, skills certifications, and complete degrees.

    Who are the founders of Coursera?

    Daphne Koller and Andrew Ng, two Stanford computer science professors are the Coursera founders.

    When was Coursera founded?

    Coursera was founded in 2012.

    Are courses on Coursera free?

    Most of the courses on Coursera courses are free but if you want to access graded assignments or earn a Course Certificate, you will need to pay.

    Is coursera legit?

    Yes, Coursera is legit and it’s safe to use. These education certificates are widely accepted and authenticated.

  • Panacea Biotec Company Profile – India’s 2nd Largest Vaccine Maker

    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 Panacea Biotec.

    Since the pandemic began, India has recorded more than 19 million cases, second only to the United States. Over 200,000 deaths have also been recorded. A total of 150 million vaccine shots were given out, covering 11.5 percent of India’s population of 1.3 billion people. Panacea Biotec is a pharmaceutical and vaccine company based in New Delhi, Mumbai, and Lalru in India.

    Panacea Drugs Pvt. Ltd. was established in 1984 and became Panacea Biotec Ltd. in 1995. India’s second largest vaccine manufacturer, Panacea Biotec, offers a highly advanced prescription product range in essential therapeutic areas such as pain control, diabetes care, renal-disease management, anti-osteoporosis, anti-tubercular gastro-intestinal care drugs, and vaccines.

    Know the entire Company Profile of Panacea Biotec in the post ahead! Also get a glance on Panacea Biotec vaccine news, its business model, how it started, Panacea Biotec products and more…

    Panacea Biotec – Company Highlights

    Company Name Panacea Biotec
    Headquarters New Delhi, India
    Industry Pharmaceuticals, healthcare
    Founded 1984
    Key People Soshil Kumar (Executive Chairman of the Board), Dr. Rajesh Jain (Managing Director), Sandeep Jain (Joint Managing Director)
    Products Pharmaceuticals, generic drugs, vaccine
    Website panaceabiotec.com

    Panacea Biotec – Latest News
    About Panacea Biotec and How it Works?
    Panacea Biotec – Mission and Vision
    Panacea Biotec – Founder and History
    Panacea Biotec – Products
    Panacea Biotec – Name, Logo, and Tagline
    Panacea Biotec – Business Model
    Panacea Biotec – Key Financial Metrics
    Panacea Biotec – Funding and Investors
    Panacea Biotec – Competitors
    Panacea Biotec – Challenges Faced
    Panacea Biotec – Future Plans
    Panacea Biotech – FAQs

    Panacea Biotec – Latest News

    As of April 2021, the stock of Panacea Biotech has risen to levels not seen in more than a decade.

    “The Russian Direct Investment Fund (RDIF), and Panacea Biotec announced cooperation to produce 100 million doses per year of Sputnik V, the world’s first registered vaccine against coronavirus,” the company said in a press release on April 4.

    Production of Sputnik V at Panacea Biotec sites would aid in RDIF’s foreign partners’ global supply of Sputnik V. Sputnik V has been registered in fifty-nine countries with a total population of more than 1.5 billion people around the globe. Data published in the Lancet, one of the world’s oldest and most respected medical journals, shows that Sputnik V has around ninety-two percent efficacy score.

    “The vaccine is based on a proven and well-studied platform of human adenoviral vectors and uses two different vectors for the two shots in a course of vaccination, providing immunity with a longer duration than vaccines using the same delivery mechanism for both shots,” it said.

    About Panacea Biotec and How it Works?

    On February 2, 1984, Panacea Drug was incorporated as Panacea Biotec Limited, India’s leading science-based health management company with established research manufacturing and marketing expertise.

    India’s second largest vaccine manufacturer, Panacea Biotec, offers a highly advanced prescription product range in essential therapeutic areas such as pain control, diabetes care, renal-disease management, anti-osteoporosis, anti-tubercular gastro-intestinal care drugs, and vaccines.

    The business has collaborated with established national and international research businesses and organizations. PBL has four research and development centers and ultra-modern state-of-the-art production facilities in Himachal Pradesh, Punjab, and Delhi for manufacturing vaccines and pharmaceutical formulations that meet US-FDA, UK-MHRA SAMCC, and WHO-cGMP requirements.

    In addition, the company owns 24 product patents that are valid in over 60 countries around the world. Radicura Pharma, a vaccine manufacturing plant opened in 1988, and Panacea Drug, a pharmaceutical formulations plant opened in 1989, in New Delhi.

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    Panacea Biotec – Mission and Vision

    Panacea Biotec’ s mission is derived by its core values:

    • Innovation
    • Pioneer
    • Integrity
    • Humane

    Panacea Biotec was established in 1984 as Panacea Drugs Private Limited, with the aim of making innovative products affordable and available to the general public.

    Panacea Biotec – Founder and History

    Panacea Biotec Ltd was established in 1993 as a result of a merger between Panacea Drugs (P) Ltd and Radicura Pharma. Panacea Biotec built a state-of-the-art Drug Delivery R&D center in Lalru in 1995, the same year it launched its initial public offering. The company received its first product patent in many countries in 1997.

    In 2001, PBL’s Research & Development formed a partnership with a European MNC, and in 2002, an in-licensing agreement with the Biotechnology Consortium of India was signed for the development and commercialization of the anthrax vaccine. The company also opened a Recombinant Vaccine Manufacturing Plant in the same year, 2002.

    In 2004, PBL signed an in-licensing agreement for the marketing of Japanese Encephalitis Candidate Vaccines with the National Institute of Immunology in New Delhi, and a collaboration with Cambridge Bio-stability UK for Thermo Stable Vaccines.

    Key People/Executive Directors of Panacea Biotec –

    • Soshil Kumar (Executive Chairman of the Board)
    • Dr. Rajesh Jain (Managing Director)
    • Sandeep Jain (Joint Managing Director)
    • Mr. Ankesh Jain, Director – Sales & Marketing

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    Panacea Biotec – Products

    Panacea Biotec product range includes highly advanced pharmaceutical drugs in specialty clinical fields like Pain Management, Diabetes & Cardiovascular Management, Oncology, Renal Disease Management, Osteoporosis Management, Anti-tubercular, Gastro-intestinal Care Products, and Vaccines.

    Panacea Biotec’s current business is focused on its leadership positions in India, which include Transplant, Nephrology, Diabetes, and Pain, as well as some unique products based on proprietary Drug Delivery Systems. Its first Nanotechnology-based medicine, PacliAll (Paclitaxel in protein-bound particles), was introduced in 2011 and was the world’s first generic for Abraxane, produced by Celgene USA.

    Panacea Biotec – Name, Logo, and Tagline

    Panacea Biotec Private Limited was established in 1993 as a result of a merger between Panacea Drugs and Radicura Pharma.

    Panacea Biotec’ s tagline is “Innovation in support of life,” which implies the company is India’s leading science-based health management company with established research manufacturing and marketing expertise.

    Company Logo of Panacea Biotec
    Company Logo of Panacea Biotec

    Panacea Biotec – Business Model

    Panacea Biotec is a pharmaceutical and vaccine company. Panacea Biotec’s product range includes highly advanced pharmaceutical drugs in specialty clinical fields

    Oncotrust, Critical Care, Diacar, Procare, and Growcare are the five strategic business units (SBUs) that Panacea Biotec has created to sell and market pharmaceutical formulations.

    Panacea Biotec has entered the Contract Research & Manufacturing Services (CRAMS) market with the aim of expanding its knowledge and experience in on-time and high-quality delivery to clients.

    The Company has built a strong portfolio in the fast-growing, multi-million dollar CRAMS market, based on its strong capabilities and state-of-the-art facilities, and powered by the enthusiasm of its experienced and skilled people. From sourcing to production, packaging to growth, the Company’s CRAMS portfolio covers the entire spectrum of processes and services.

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    Panacea Biotec – Key Financial Metrics

    The table below highlights some of the key financial metrics of Panacea Biotec extracted from the company’s annual reports.

    Financial Metric 2019-20 2018-19
    Total Income 5335.83 4522.83
    PAT (1530.7) 265.7
    PAT Margin (%) (31.70) 6.04
    Equity Share Capital 61.25 61.25
    Net Fixed Assets 5667.47 8232.42

    Panacea Biotec – Funding and Investors

    Panacea Biotec is a publicly traded company listed in stock exchanges. It has also received investments from India Resurgent Fund and more .

    Date Round Amount Lead Investors
    Dec 21, 2019 Grant $24.3M –
    Apr 8, 2019 Venture Round $144M India Resurgent Fund

    Panacea Biotec – Competitors

    Glenmark, Torrent Pharmaceuticals Limited., Ranbaxy, Cipla, Dr. Reddy’s, Lupin, Aurobindo, Sun Pharma, Zydus Cadila, Cadila Pharmaceuticals are the top ten competitors in Panacea Biotec’s competitive set.

    List of Biotech companies that are Developing Covid vaccine
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    Panacea Biotec – Challenges Faced

    Panacea Biotec Ltd.’s stock plummeted after the US Food and Drug Administration sent a warning letter to its Baddi, Himachal Pradesh, unit, prohibiting new approvals.

    Following an inspection on February 10, 2020, the US Food and Drug Administration released a warning letter outlining major violations of existing good manufacturing practice legislation for finished pharmaceuticals.

    “Until you correct all violations completely and we confirm your compliance with CGMP (current good manufacturing practice), FDA may withhold approval of any new drug applications or supplements listing your firm as a drug manufacturer,” it said in the statement.

    The company failed to develop laboratory controls, such as scientifically sound and acceptable requirements, guidelines, sampling plans, and test procedures, to ensure that materials, drug product containers, closures, in-process content, labelling, and drug products meet appropriate identification, power, consistency, and purity standards.

    Serum Institute of India – World’s Largest Vaccine Manufacturer
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by Serum Institute of India. India has reported more than 19 million cases since the pandemic started, secondonly to the United State

    StartupTalkySarika Anand

    Panacea Biotec – Future Plans

    To guide long-term development, Panacea Biotec plans to scale up its vaccine and pharmaceutical verticals. According to a company spokesperson, Panacea Biotec’s long-term growth ambitions include scaling up its current product range, developing new drugs, and expanding into new markets.

    The company transferred its pharmaceutical formulations business, as well as related research and development and natural products extraction activities, to its wholly-owned subsidiary Panacea Biotec Pharma Limited during the year under review.

    In June 2020, the company announced the formation of a joint venture company in Ireland with Refana Inc of the United States to produce a COVID-19 vaccine. Panacea Biotec will be in charge of product production and industrial manufacturing, while the JV agency will be in charge of clinical development and regulatory submissions all over the world, according to the agreement. In their respective territories, Panacea and Refana will sell and distribute the vaccine.

    Panacea Biotech – FAQs

    What does Panacea Biotech do?

    Panacea Biotec is an Indian pharmaceutical and vaccine company with headquarters in New Delhi, Mumbai, and Lalru, in India.

    What is Panacea Biotec Vaccine News?

    Panacea Biotec is India’s second largest vaccine manufacturer. The Russian Direct Investment Fund (RDIF) and Panacea Biotec announced cooperation to produce 100 million doses per year of Sputnik V, the world’s first registered vaccine against coronavirus (April 2021)

    How Panacea Biotec Started?

    Panacea Biotec Ltd was established in 1993 as a result of a merger between Panacea Drugs (P) Ltd and Radicura Pharma.

    What are Panacea Biotec Products?

    Panacea Biotec product range includes highly advanced pharmaceutical drugs in specialty clinical fields like Pain Management, Diabetes & Cardiovascular Management, Oncology, Vaccines among others. Its first Nanotechnology-based medicine, PacliAll was the world’s first generic for Abraxane.

    Who are the competitors of Panacea Biotec?

    Glenmark, Torrent Pharmaceuticals Limited., Ranbaxy, Cipla, Dr. Reddy’s, Lupin, Aurobindo, Sun Pharma, Zydus Cadila, Cadila Pharmaceuticals are the top ten competitors of Panacea Biotec

  • Serum Institute of India – Leading Biotechnology Firm

    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 Serum Institute of India.

    India has reported more than 19 million cases since the pandemic started, second only to the United States. There have also been over 200,000 deaths recorded. A total of 150 million vaccine shots have been administered, covering 11.5 percent of India’s 1.3 billion population. Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies. Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals

    Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide.

    Know the complete Success story of Serum Institute and get a glance on on how Serum Institute started, its revenue, business model, its role in Covid-19 vaccine development, competitors & more…

    Serum Institute – Company Highlights

    Startup Name Serum Institute of India
    Headquarters Hadapsar, Pune, India
    Industry Biotechnology, Pharmaceuticals
    Founder Cyrus S. Poonawalla
    Founded 1966
    Current CEO Adar Poonawalla
    Subsidiaries Vakzine Projekt Management GmbH, Bilthoven Biologicals BV
    Areas Served Worldwide
    Website www.seruminstitute.com

    Serum Institute – Recent News
    About Serum Institute and How It Works?
    Serum Institute – Name, Logo and Tagline
    Serum Institute – Founder and History
    Serum Institute – Mission and Vision
    Serum Institute – Covid 19 Vaccine Development
    Serum Institute – Revenue and Growth
    Serum Institute – Investments
    Serum Institute – Acquisitions
    Serum Institute – Competitors
    Serum Institute – Challenges Faced
    Serum Institute – Future Plans
    Serum Institute – FAQs

    Serum Institute of India – Recent News

    May 2021 – CEO Adar Poonawalla, who has been in the United Kingdom on an extended stay to avoid alleged threats in India over rising demand for COVID-19 vaccines, has announced that he will return in a few days.


    About Serum Institute of India and How It Works?

    Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide, including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines.

    Serum Institute vaccines are administered to approximately 65 percent of the world’s children. The Serum Institute’s vaccines are approved by the World Health Organization in Geneva and are used in over 170 countries around the world as part of their national immunization programmes, saving millions of lives.

    The Serum Institute of India uses cutting-edge technology to scan its goods for minute particles that are undetectable by the naked eye. The inspection is completely automated, with high resolution CCD cameras and an electronic monitored panel, reducing the margins of human error.

    Tetanus antitoxin, snake antivenom, DPT vaccine, and MMR vaccine were among the first drugs manufactured in large quantities by the Serum Institute of India. Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line.

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    StartupTalkyAlan Joseph

    Serum Institute of India – Mission and Vision

    Serum Institute’s mission is to develop high-quality vaccines and make them affordable to a wide range of countries, allowing them to increase their Health Index. The Serum Institute was founded to ensure that vaccines are no longer a privilege for Indian children.

    Serum Institute began supplying high-quality, but affordable vaccines to many countries around the world after achieving this aim. International agencies such as the WHO, PATH, NIH, NVI/RIVM, and CBER/USFDA have collaborated with Serum Institute to produce vaccines against Meningococcal A, H1N1 Influenza, Rotavirus, and other diseases.

    Serum Institute of India – Name, Logo and Tagline

    Serum Institute of India’s tagline says, “Serum – Protection from birth onwards”. The company is the world’s largest vaccine manufacturer and produces vaccines(including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines) that protect people from birth onwards.

    Serum Institute Logo

    Serum Institute of India – Founder and History

    Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.

    Founder of SII - Dr. Cyrus Poonawalla
    Founder of SII – Dr. Cyrus Poonawalla

    Following that, many life-saving biologicals were produced at reasonable prices and in large quantities, resulting in the country being self-sufficient in Tetanus Anti-toxin and Anti-snake Venom serum, then DTP (Diphtheria, Tetanus, and Pertussis) vaccines, and finally MMR (Measles, Mumps, and Rubella) vaccines.

    Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line. Apart from vaccines, the company also produces antisera, blood plasma, and hormones. The Serum Institute of India’s vaccines has been used in international vaccination programs run by the World Health Organization (WHO), UNICEF, and the Pan American Health Organization as of 2014. (PAHO). The Poonawalla Group now runs the Serum Institute of India, which is involved in research, production, and manufacturing.

    In 2009, the company started working on a swine flu vaccine that would be administered intranasally. Bilthoven Biologicals, a pharmaceutical firm in the Netherlands, was the company’s first foreign purchase in 2012.

    The Serum Institute of India developed Rabies Human Monoclonal Antibody (RMAb), also known as Rabishield, with help from Mass Biologics of the University of Massachusetts Medical School in the United States.

    CEO of SII - Adar Poonawalla
    CEO of SII – Adar Poonawalla

    By 2020, the company will have developed 1.5 billion vaccine doses each year, making it the world’s largest vaccine manufacturer by amount of doses produced. Tuberculosis vaccine Tubervac (BCG), poliomyelitis vaccine Poliovac, and other childhood vaccines are among the products created.

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    Serum Institute of India – Covid 19 Vaccine Development

    AstraZeneca, a British-Swedish multinational pharmaceutical firm, has teamed up with Oxford University to grow AZD1222. According to reports, Serum Institute will provide India and other low- and middle-income countries with 100 million (10 crores) vaccine doses.

    By the end of 2021, the target had been raised to one billion doses. It’s expected to cost about $3 per dose or around 225 dollars. Trials were suspended by DCGI in September 2020 after a volunteer in Oxford became ill after being vaccinated, but were quickly resumed after British regulators agreed. The Serum Institute of India applied for emergency approval for the vaccine produced with AstraZeneca in December 2020, and it was granted a month later. A deal was reached in March 2021 to supply certain doses to the United Kingdom.

    The Serum Institute of India has also agreed to produce Novavax’s NVX-CoV2373 vaccine for India and other low- and middle-income countries. Codagenix’s nasal COVID-19 vaccine CDX-005 will also be manufactured by the company (tradename COVI-VAC)

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    Serum Institute of India – Revenue and Growth

    SII’s net sales in 2018-19 were Rs 5,238 crore, with an after-tax profit of Rs 2,252 crore. The compounded annual growth rate (CAGR) for revenue was 8.1 percent over five years (2014-2019), while the CAGR for profit after tax was 5.3 percent. In 2019, SII’s export earnings accounted for more than two-thirds of its net sales. At the end of 2019, it had total assets of Rs 16,703 crore.

    The pharma giant AstraZeneca and the University of Oxford collaborated on the Covid-19 vaccine. Covishield has a 62 percent efficacy rate. The SII has already generated a stock of approximately 5 crore doses. By February, it claims to be able to increase production to 10 crore doses per month.

    Serum Institute of India – Investments

    Date Organization Name Round Amount
    Jul 23, 2019 X-Vax Technology Series A $56M
    Oct 5, 2017 Visterra Series C $23.6M

    Serum Institute of India – Acquisitions

    Acquiree Name About Acquire Date Amount
    Nanotherapeutics Privately held specialty biopharmaceutical company with product development, cGMP manufacturing capabilities Apr 25, 2017 €72M

    Indian Startups Acquisition – Updated List
    This is an effort to put up all the latest acquisition in the Indian StartupEcosystem at one place. Indian Startups Acquisition data listDate Aquirer Aquiree About Acquirer About Acquiree Value March 12, 2021 Samunnati Kamatan Samunnati is an Agri value chain solutions provider thatenables grow

    StartupTalkyJeenal Jain

    Serum Institute of India – Competitors

    Biocon, Panacea Biotec, Bharat Serums, Wockhardt, Biological E, Bharat Biotech, Syngene International, Indian Immunologicals, Premas Biotech, Reliance Life Sciences, and Zydus Cadila are among the other leading competitors in Serum Institute’s competitive set.

    Cadila Healthcare, India’s fifth largest pharmaceutical firm, is working on an indigenous vaccine for the novel coronavirus in addition to producing Covid treatment drugs like remdesivir. Phase-III trials on 26,000 Indian patients have been approved by the government. The vaccine’s price has yet to be determined by Cadila.

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    Serum Institute of India – Challenges Faced

    According to Poonawalla, the real challenge in 2020 will be determining if the Covid vaccine will actually function and be effective in humans. It was also difficult to demonstrate its effectiveness and plan a trial in a country where outbreaks are likely to occur, most likely China.

    According to the CEO, “Our journey now is looking and has lot of challenges because we are trying to enter the Europe and US markets. We are trying to sensitize the Indian government to take more vaccines and plan and help them in their programmes to fight these life threatening diseases. We have got other challenges from China and other countries where we are offering a red carpet treatment for them to come here, but when we want to go to China, we have got a lot of barriers that we are facing like parting with our technology, we have got to do joint ventures things which are impossible.”

    Serum Institute of India – Future Plans

    As it struggles to fulfil supply obligations, the Serum Institute of India, which manufactures the AstraZeneca Covid-19 vaccine, is considering starting vaccine manufacturing in other countries.

    “There’s going to be an announcement in the next few days,” Adar was quoted.

    Poonawalla said the Serum Institute would be able to increase its monthly production to 100 million doses by July, a month later than the previous goal of end-May. Vaccines against Covid-19 have run out in some Indian states.

    Within six months, he planned to increase the Serum Institute’s capability from 2.5 billion to 3 billion doses per year. He flew to London until Britain imposed an eight-day travel ban on Indians.

    Serum Institute of India – FAQs

    What does SII do?

    Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies.

    Who founded SII?

    Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.

    Does SII produce Covid Vaccine?

    Yes, SII produces Covid vaccine.

    Does SII export Covid vaccine?

    Yes, SII exports Covid vaccine out of India.

  • Ambuja Cement – Sustainable Development Ambition 2030

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

    Ambuja Cements Ltd. (ACL) is one of the leading cement manufacturing companies in India and commenced cement production in 1986. Initially called Gujarat Ambuja Cements Ltd, the Company later became Ambuja Cements Ltd.

    ACL enjoys a reputation of being one of the most efficient cement manufacturers in the world. Its environment protection measures are considered to be on par with the finest in the country. It is also one of the most profitable and innovative cement companies in India.

    Ambuja Cement – Company Highlights

    Startup Name Ambuja Cements Limited
    Headquarters Mumbai, Maharashtra, India
    Industry Cement
    Parent LafargeHolcim
    Founded 1983
    Founders Narotam Sekhsaria, Suresh Neotia
    CEO Neeraj Akhoury
    Website www.ambujacement.com

    Ambuja Cement – About and How it Works?
    Ambuja Cement – Logo and its Meaning
    Ambuja Cement – Founder and History
    Ambuja Cement – Mission
    Ambuja Cement – Partnership
    Ambuja Cement – Joint Ventures
    Ambuja Cement – Subsidiaries
    Ambuja Cement – Business Model
    Ambuja Cement – Revenue and Growth
    Ambuja Cement – Merger with ACC
    Ambuja Cement – Competitors
    Ambuja Cement – Challenges Faced
    Ambuja Cement – Future Plans
    Ambuja Cement – FAQs

    Ambuja Cement – About and How it Works?

    Ambuja Cements Limited is an India-based holding company, which is engaged in the manufacture of clinkers and cement. The Company operates through Cement and cement related products segment. Initially called Gujarat Ambuja Cements Ltd, the Company later became Ambuja Cements Ltd. The Company has a range of products for the B2B and retail markets.

    The Company’s product, Ambuja Plus Roof Special, is suited for constructing roofs and slabs. It also offers install rooftop rainwater harvesting technology. Its products also include Ambuja Powercem, which caters the ready-mix (RMX) sector; Ambuja Railcem, which is designed for railways, and Ambuja Buildcem, which serves the requirements of the mass housing segment.

    The Company also co-owns two brands in micro materials’ category. These include Alccofine, which includes a range of micro slag materials, and Dirk Pozzocrete, which includes superfine fly ash. Alccofine Micro Materials are used in construction projects, such as metro rail, dams, roads, flyovers, bridges and tunnels.

    Ambuja Cement – Logo and its Meaning

    The Ambuja Cement logo consists of a man holding a building by its foundation which implies how the strong base of cement holds the whole building together.

    Ambuja Cement Ltd.'s Logo
    Ambuja Cement Ltd.’s Logo

    Ambuja Cement – Founder and History

    Ambuja Cement was founded in 1983 by Narotam Sekhsaria and Suresh Neotia, two traders with very little knowledge of cement or manufacturing. What made up for this lack was their far-sightedness: Anticipating that cement would be a critical resource for a developing economy like India, they invested in a state-of-the-art cement plant in Gujarat and went on to build a trusted cement brand that has become synonymous with quality and strength.

    ACL has grown manifold over the past decade. Its current cement capacity is 27.25 million tonnes. The Company has 5 integrated cement manufacturing plants and 8 cement grinding units across the country. ACL enjoys a reputation of being one of the most efficient cement manufacturers in the world. Its environment protection measures are considered to be on par with the finest in the country. It is also one of the most profitable and innovative cement companies in India.

    ACL is the first Indian cement manufacturer to build a captive port with three terminals along the country’s western coastline to facilitate timely, cost-effective and environmentally cleaner shipments of bulk cement to its customers. The Company has its own fleet of ships. ACL has also pioneered the development of the multiple, bio-mass, co-fired technology for generating greener power in its captive plants.

    Ambuja Cement – Mission

    Ambuja Cement’s mission statement says, “To be the most sustainable and competitive company in our industry.“

    Ambuja Cement – Partnership

    The company has entered into a strategic partnership with Holcim, the second-largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 percent promoters’ stake in the GACL for INR 21.4 billion. Currently, Holcim holds 61.62% of shares in Ambuja Cements.

    Ambuja Cement – Joint Ventures

    • Counto Microfine Products Private Limited
    • Wardha Valley Coal Field Private Limited
    • OneIndia BSC Private Limited

    Ambuja Cement – Subsidiaries

    Some Ambuja Cement subsidiaries are:

    • Kakinada Cements Limited, India
    • M.G.T. Cements Private Limited, India
    • Chemical Limes Mundwa Private Limited, India
    • Dang Cement Industries Private Limited, Nepal
    • Dirk India Private Limited, India
    • Cement Sustainability Initiative (CSI) of World Business Council for Sustainable Development (WBCSD)
    • Indian Business Biodiversity Initiative (IBBI)
    • Leaders for Nature (LfN) India
    • The Global Compact Network India Ambuja is a member of the following industry associations: G4-16
    • Confederation of Indian Industry (CII)
    • Federation of Indian Chambers of Commerce and Industry (FICCI)
    • The Associated Chambers of Commerce and Industry of India (ASSOCHAM)
    • Bombay Management Association (BMA)
    • Indian Merchants’ Chamber (IMC)
    • Bombay Chamber of Commerce and Industry (BCCI)

    Ambuja Cement – Business Model

    The Ambuja Cement business model operates through Cement and Cement related products segment. The Company has a range of products for the business to business and retail markets. The Company’s product, Ambuja Plus Roof Special, is suited for constructing roofs and slabs. It also offers install rooftop rainwater harvesting technology. Its products also include Ambuja Powercem, which caters the ready-mix (RMX) sector; Ambuja Railcem, which is designed for railways, and Ambuja Buildcem, which serves the requirements of the mass housing segment.

    Ambuja Cement – Revenue and Growth

    On a standalone basis, Ambuja Cements, part of Swiss firm LafargeHolcim, reported an increase of 87.77 per cent in net profit at INR 440.53 crore as against INR 234.61 crore in the year-ago period. Revenue from operations was INR 2,852.46 crore, up 8.63 per cent as compared to the year-ago period.

    Revenue from operations was up 1.51 per cent at INR 6,169.47 crore during the quarter as compared to INR 6,077.29 crore in July-September a year ago. Total expenses were at INR 5,144.38 crore, down from INR 5,400.94 crore a year ago. The consolidated results of Ambuja Cements also include the financial performance of its step-down firm ACC.

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    StartupTalkySarika Anand

    Ambuja Cement – Merger with ACC

    Two of India’s marquee cement companies, ACC and Ambuja, have been part of the same global cement group for a long time. The markets were also rife with speculation about the complete merger of ACC and Ambuja for a very long time now. Finally, that seems to be seeing the light of day. In early May 2017, both ACC and Ambuja independently announced that they will consider a possible merger.

    Globally, one of the biggest mergers in the cement industry was between Holcim and Lafarge which created the world’s largest cement company in the world, Lafarge Holcim. Interestingly, this company is the holding company for ACC and Ambuja Cements in India.

    ACC’s Neeraj Akhoury replaced Bimlendra Jha who resigned as the MD and CEO of Ambuja Cements.

    Ambuja Cement – Competitors

    Top Competitors of Ambuja Cement are Aditya Birla’s Ultratech, ACC, The India Cements Ltd, Dalmia, Holcim, AkzoNobel, JK Lakshmi, and Shree Cement.

    Ambuja Cement – Challenges Faced

    The growth in the industry has slowed down since 2019. ACC Ltd. and Ambuja Cements Ltd.—which are subsidiaries of Europe’s largest maker of construction material LafargeHolcim—said in their annual reports that the Indian cement industry’s growth, which was 9 percent in 2018, fell down to 7-8 percent in 2019.

    The company flagged ongoing capacity expansion—which has led to an imbalance in total installed capacity against capacity utilization—as material risk for the cement industry.

    In 2020, the coronavirus pandemic also caused a lot of harm to the growth of the company.

    “The company is seeking necessary permissions/approvals from the relevant government authorities for resumption of operations at various locations, in a phased manner,” said a spokesperson for Ambuja Cement.

    The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the guidelines.

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    Ambuja Cement – Future Plans

    The Sustainable Development Ambition 2030 provides a broad framework for the company’s strategies to meet the challenges in four broad thematic areas: Climate, Circular Economy, Water & Nature, and People & Communities. The 2030 Plan envisions a construction sector which will be innovative, climate neutral and circular in its use of resources. It will be respectful of water and nature, and inclusive – thus enhancing the quality of life.

    “The company is optimistic about its future despite the COVID-19 situation. The recent initiatives by the government will help resurgence of rural demand and infrastructure projects, including affordable housing,” said a spokesperson for Ambuja Cement.

    Ambuja Cement – FAQs

    What is Ambuja Cement grade?

    Ambuja Cement OPC 53 Grade, Packaging Type: Bag

    Who is the CEO of Ambuja Cement?

    Neeraj Akhoury is the current CEO of Ambuja Cement.

    How does Ambuja Cement make money?

    The Company operates through Cement and cement related products segment.

    Who’s the top competitor of Ambuja Cement?

    Ambuja Cement Ltd’s Top Competitor is UltraTech Cement Ltd.

  • TOSSHEAD – Customer Centric Event Management Company

    Each one of us must have hosted some events at some point in our lives. Either it is a casual get together for the close friends or a grand personal or corporate event, as a host we always want the event to be successful. The motif of every host is to make an event enjoyable and pleasant for the guests. However, every event big or small event requires a good amount of planning and arrangements. So for those important events at your home or office, it is always a good idea to take help from professionals.

    Meet Tosshead, the event management experts. This Bangalore based startup is here to solve all your event related owes by not only providing event packages but it is also the first online platform in India which rents equipment required for events. The company formed in 2018 is on a mission to simplify the super complicated task of organizing a perfect event.

    Tosshead Highlights

    Startup Name TossHead
    Headquarter Bengaluru
    Founder Shank K Vasudev
    Sector Event management
    Founded 2018
    Parent Organization TOSSHEAD Events India Private Limited

    Tosshead – Industry Details
    Tosshead – Founder
    Tosshead – The Idea and Starting Up
    Tosshead – Services
    Tosshead – Business and Revenue Model
    Tosshead – Funding
    Tosshead – Partnership
    Tosshead – Challenges
    Tosshead – Competitors
    Tosshead – Future Plans
    Tosshead – Founder’s Advice
    Tosshead – FAQs

    Tosshead – Industry Details

    Event Management industry is expected to witness an exponential growth with over 25% y-o-y over the coming few years. As reported by EY-EEMA (Event and Entertainment Management Association), events industry in India is expected to surpass INR 10,000 crore mark by 2020-21. This growth in industry is because, the range of events that people are looking for has increased from birthdays and marriages to celebrations across various individual and corporate events. From being an unorganized industry to being an organised sector, the next phase key growth driver for event management is going to be in the form of digital and reaching out to masses.

    Tosshead – Founder

    Shank K. Vasudev founder Tosshead

    Shank K. Vasudev is the founder of Tosshead.

    Shank always believed in innovation creativity and simplicity since his childhood. He completed his 10th grade with great difficulty from a remote village, Cuddapah in Andhra Pradesh. Soon, young age crisis caught him and he was much confused about life.

    The dilemma wasn’t of what I need to study further but how I need to be different in life.

    As the life moved on he decided to take mathematics, but life continued to embarrass him as he thought he was doing the same routine as others are doing.  So, instead of joining any engineering college, he wanted to learn finance and accounting which would also help in running a business. While making this decision, he realised that instead of spending 3 years in graduation he can join a correspondence course and at the same time to gain experience. From there on everything started falling in place.

    Prior to founding Tosshead, Shank worked with several organizations. At his first job, he used to sell Philips accessories and salary was mere INR 1000. Yet, he somehow survived there for 1 year and 2 months. For the next 2 years, he worked at BPL mobile, selling SIM cards. He got his  break with Kothari Pioneer Mutual Fund, where he worked for 12+ years and held many senior positions within the company.

    Currently, Tosshead has 9 members. Shank knew them personally for the past 5-6 years as they were from same industry. Also it was very easy to get them onboard as they liked the innovation in the event space which they believe is a big game changer.

    Our team is personally handpicked from known and reference sources so that they stick around for long run.

    Tosshead – The Idea and Starting Up

    Tosshead Logo

    The inspiration to start an event management company came to his mind on an official trip to HongKong in 2010. He hired an Event Management company for the customers but he wasn’t happy with their services. This baffled the customers and also made the situation embarrassing. On returning from the trip, he assessed his personal situation and decided to quit his job to start an event management venture.

    I did not think beyond. One night, I had made up my mind to offer the best to customers as an event management company and it all began 9 years ago. At the age of 33, I quit my job and went ahead to set up my own start-up and led for the birth of an event management company.

    The increase in disposable income with consumers and a growing economy offered him enough opportunities to push ahead the agenda of offering every type of events. From personal events to family events to corporate events and even fashion shows, Tosshead has done it all. Till now the company has managed over 10000 events. Apart from managing corporate events for several years, an idea to offer event equipment for hire stuck in his mind. This led to launch a website – India’s First platform to book event packages or event equipment.

    I am confident that the simplicity of customized packages and a range of equipment would be a game changer. Since Event Management as a concept has hardly been perceived as an online product, my ambitious project TossHead, would fill the void.

    Tosshead – Services

    Tosshead is a one stop solution for all your event related needs. With just 3 clicks – you can book event packages or event equipment online.

    It manages all kinds of events like DJ party, karaoke, corporate conferences, annual day, award nights, theme parties, marketing promotion events or sports events.

    If an event is on your mind, we will make it happen.

    Besides, Tosshead offers for hire each and everything required for an event, like, anchors, Dj machine, karaoke machine, LED wall, decoration items etc.

    Our strength is creativity, conceptualizing, implementation, execution and equipment. The expertise of Tosshead lies in our ideation and execution backed by a passionate team of professionals who are not satisfied until the event does not set a benchmark for quality.

    Tosshead – Business and Revenue Model

    The Tosshead business model operates in both B2B & B2C models and for every booking on the platform, Tosshead takes a commission.s

    Tosshead – Funding

    Tosshead raised $3 Million seed fund from NRIs based in US on March 2019. This is Tosshead’s maiden round of funding.

    Date Stage Amount Investors
    March 2019 Seed $3Million Angel Investors

    Tosshead, which is currently operating only in Bengaluru, is planning to use this fund for expanding to other major cities like Delhi, Mumbai, Chennai and Hyderabad within the next 6-12 months. Besides, it will also use a part of the fund to upgrade its technology.

    Tosshead – Partnership

    In March 2019, Tosshead partnered with OYO. OYO is the largest and most popular hotel booking platform in India. Owing to this partnership, now the users can also book banquet halls through the Tosshead platform

    Tosshead – Challenges

    According to Shank, technology was one of the major challenges for the company.

    To offer the best user-friendly experience to the website visitors is a demanding job.

    Tosshead – Competitors

    There are many event management companies like Cineyug Entertainment, Wizcraft, Cox and King, Fountainhead etc which are major players in the Industry and poses a tough competition for everyone around.

    However, Tosshead’s USP is that it also provides  event related equipment on hire and it is first of its kind platform in India.

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    Tosshead – Future Plans

    Tosshead’s future plans are-

    • To be in all major cities of India by the next 1-2 years.
    • To keep adding a whole lot of event related things in the company’s website.

    Tosshead – Founder’s Advice

    Don’t create a product, let the product innovation create you!

    Tosshead – FAQs

    What is Tosshead?

    Tosshead is a one stop solution for all your event planning and management needs. With just 3 clicks – you can book event packages or event equipment online.

    Who founded Tosshead and when?

    The Tosshead founder is Shank K. Vasudev and he founded the startup in 2018.

    Where is Tosshead available?

    Tosshead is currently available in Bangalore, Chennai and Hyderabad.

  • Paycom – Online HR 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 Paycom.

    Paycom Software, Inc. is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement.

    Get a gist about the company profile, success story, business model, etc., of Paycom in this article.

    Paycom – Company Highlights

    Startup Name Paycom Software, Inc.
    Headquarters Oklahoma City, OK, U.S.
    Industry SaaS, HCM, Software
    Founded 1998
    Founders Chad Richison
    Area Served Worldwide
    Website www.dropbox.com

    Paycom – About and How it Works?
    Paycom – Recent News
    Paycom – Logo and its Meaning
    Paycom – Founder and History
    Paycom – Mission
    Paycom – Business Model
    Paycom – Revenue and Growth
    Paycom – Awards and Recognitions
    Paycom – Competitors
    Paycom – Challenges Faced
    Paycom – Future Plans
    Paycom – FAQs

    Paycom – About and How it Works?

    Paycom Software, Inc., known simply as Paycom, is an American online payroll and HR technology provider based in Oklahoma City, Oklahoma.

    Paycom is a provider of a cloud-based human capital management software solution delivered as Software-as-a-Service (SaaS). The company offers a suite of products including payroll, time and labor management, talent acquisition, HR and talent management.

    Paycom – Recent News

    As of November 2020, Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that the company will participate in the following virtual investor events: RBC Capital Markets Global Technology, Internet, Media & Telecommunications Conference.

    Paycom – Logo and its Meaning

    Paycom’s company logo has a “P” engraved on a green box in the beginning and then the company name in a very simple font.

    Paycom's Company Logo
    Paycom’s Company Logo

    Paycom – Founder and History

    The HR startup was founded in 1998 by Chad Richison, who had formerly worked in the payroll processing industry. It began as an online payroll service provider for businesses and expanded to offer additional services including human resource management, beginning in 2001. On April 15, 2014, Paycom opened for trade on the New York Stock Exchange under the ticker symbol PAYC.

    Founder of Paycom
    Founder of Paycom

    In 2011, the company moved its headquarters to a new 90,000 square foot office building, remaining in Oklahoma City. The same year it released additional services including E-Verify, onboarding, expense management, and document storage. In 2014, Paycom built a 90,000-square-foot addition to its headquarters—effectively doubling the size of its offices. In 2016, the company completed construction on a third building, bringing the total square-footage of its office space to approximately 250,000. In 2018, Paycom completed construction of its fourth building on its corporate campus totaling an additional 250,000 square-feet and bringing the total size of its headquarters to approximately 500,000 square-feet.

    Paycom – Mission

    Paycom’s mission statement says, “Paycom’s mission is to help its clients lower labor costs, drive engagement, and reduce exposure.”

    Paycom – Business Model

    The Paycom Business Model has two revenue streams:

    • Subscription Revenues – Revenues it generates from fees it charges clients for subscribing to its main platform.
    • Service Revenues – Revenues it generates from fees it charges clients for implementation and other services.

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    Paycom – Revenue and Growth

    Paycom Software revenue for the quarter ending September 30, 2020 was $0.197B, a 12.3% increase year-over-year.

    Year Amount Percentage change than last year
    2019 $0.738B +30.25%
    2018 $0.566B +30.78%
    2017 $0.433B +31.57%

    Paycom – Awards and Recognitions

    Paycom has been the recipient of numerous awards and recognition including the Service Bureau of the Year Award and being named to the Metro 50 List of Oklahoma companies with the largest growth from the previous two years. Paycom was named a top workplace in Oklahoma by The Oklahoman for a fourth consecutive year, topping the list as Oklahoma’s No. 1 workplace in 2016. Paycom has also made Deloitte’s Technology Fast 500 list for the previous two years.

    In 2010, it received a Stevie Award for Sales Department of the Year in the Financial Services category, following up with another Stevie Award in 2011 for Best Sales Training Manager of the Year. Inc. has recognized Paycom as both a Top 100 Job Creator in 2012 and 2013 as well as one of the Fastest-Growing Private Companies for the years 2006 through 2014. In 2014, Paycom was named to the inaugural Build 100, which recognizes less than 1.5 percent of U.S.-based companies that are noted as sustained-growth champions.

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    Paycom – Competitors

    Paycom’s top competitors include Salary.com, OneSource Virtual, Reflexis Systems, Mercer, SAP SuccessFactors, BenefitMall, ADP, Paychex, Paylocity and Paycor.

    Paycom – Challenges Faced

    Beginning in February 2020, Paycom took proactive measures to ensure the safety of the employees and shore up business continuity processes in light of the increasing risks from COVID-19. They have transitioned 98% of our workforce to a work-from-home model, while simultaneously ensuring our clients continue to receive the same level of service they have come to expect from our dedicated, one-on-one customer service model.

    Although they currently have some insight with respect to the shorter-term effects of the COVID-19 pandemic, it is not possible at this time to estimate the full impact that the crisis could have on our business.

    Paycom – Future Plans

    “I’m proud of our excellent first quarter results and the continued success we are having onboarding new clients,” said Paycom’s founder and CEO, Chad Richison. “Our value proposition has never been stronger and we continue to see increased demand for the Paycom solution. Our Paycom family members have done a great job focusing on delivering world-class service, rapidly developing software enhancements and continuing strong new client adds as we transition through this time period.”

    Paycom is withdrawing its previously issued full-year 2020 guidance in light of macroeconomic uncertainties, particularly unemployment, arising from the current COVID-19 crisis.

    “Our large market opportunity, profitable recurring business and attractive value proposition will help us mitigate the impact of headcount reductions across our client base,” said Paycom’s chief financial officer, Craig Boelte. “We continue to analyze the impact the pandemic is having on our client base and are hopeful to return to providing quarterly and full-year guidance once we have more visibility into the effects of the COVID-19 pandemic on the economy, specifically as unemployment numbers become more predictable.”

    Paycom – FAQs

    What does Paycom do?

    Paycom Software, Inc. is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS).

    How does Paycom make money?

    Paycom has two revenue streams: Subscription Revenues – Revenues it generates from fees it charges clients for subscribing to its main platform and Service Revenues – Revenues it generates from fees it charges clients for implementation and other services.

    Who founded Paycom?

    Paycom was founded in 1998 by Chad Richison.

    Which companies do Paycom compete with?

    Paycom’s top competitors include Salary.com, OneSource Virtual, Reflexis Systems, Mercer, SAP SuccessFactors, BenefitMall, ADP, Paychex, Paylocity and Paycor.

  • Woofwoofnow – A Global Pet Consulting Platform for the Love of Pets

    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.

    With the time, humans have made a plea to show humanity and compassion to the animals. Taking the same ideology forward, Mr. Sujit Paul with his cofounder Rosie Paul founded the startup Woofwoofnow- a global pet consulting platform, in 2018. The idea behind Woofwoofnow is to be the most Pet-friendly Institution and to build a place where Pet Parents can rely on. It’s a platform where one can come and look for pet services to avail.

    Read this article to know more about the Woofwoofnow, founders, logo, business model, revenue, growth, challenges, funding, and achievements.

    Startup Name Woofwoofnow
    Headquarter Bangalore
    Founders Sujit Paul & Rosie Paul
    Sector Pet Care
    Founded 2018
    Website Link www.woofwoofnow.com
    Parent Company Global Pet Consulting

    Woofwoofnow – About & How it Works
    Woofwoofnow – Target Market
    Woofwoofnow – Founders & Team
    Woofwoofnow – Work Culture
    Woofwoofnow – How It All Started?
    Woofwoofnow – Name, Tagline & Logo
    Woofwoofnow – User Acquisition
    Woofwoofnow – Business & Revenue Model
    Woofwoofnow – Startup Challenges
    Woofwoofnow – Competitors
    Woofwoofnow – Funding & Investors
    Woofwoofnow – Growth
    Woofwoofnow – FAQ’s
    Woofwoofnow – Conclusion

    Woofwoofnow – About & How it Works

    Woofwoofnow is all about making pet care easier and better by providing various features and solutions to the pet parents. Woofwoofnow is getting features on their platform one after another. Unless one is truly compassionate for animals and understands the animal ecosystem it becomes very difficult for them to workout the terms that facilitate in the Pet ecosystem. Hence it’s more appropriate and comfortable for the Woofwoofnow team to roll, the way they have been doing.

    The team has successfully done Dip sticks on Tele-Consultation and Video Consultations. Other notable features on the platform include:

    • Customer Engagement Models – a complete solution for Pet Health
    • Customized Solution Approach to each pet (Specialized pet food products that are rich in vitamins, thereby ensuring a high-quality diet for pets.)
    • Access to experienced doctors and world-class Online Consultation (E-Consultation – initiated through the app)
    • Build pet care hospitals with advanced surgical treatments and the latest medical options. (Pet Hospital)
    • A place for pets to socialize and play (Day Care)
    • A place for pet’s grooming (Pet Grooming & Salon)
    • A solution to commuting woes of four-legged companions (Pet Taxi – no 1, A preferred Pet Cab in Bangalore )
    • Emergency Health Care at door Step (Doctor on Wheels – Pet Ambulance)
      Handy Health Records at a click (Health Record Management – On Cloud Storage – in-app)

    Woofwoofnow – Target Market

    Pet ownership in India & worldwide has increased substantially over the past decade owing to change in the urban lifestyle and rising number of nuclear families. With an estimated 19 million pets, and 600,000 pets being adopted every year, the pet care industry in India shows massive potential. There is an increasing awareness about pet nutrition & well-being and pet owners are becoming more conscious about the products they buy and the services they avail. Pet owners are now focusing more on essential products that enhance the health and well-being of pets. They are no longer restricting themselves to just buying stuff for their pets but are now focusing on the overall development of their pets and providing the best environment to them.
    According to Petex.in, the pet care market in India was valued at $265 million (â‚č 1700 million) in 2017 and is expected to grow at 13.9% annually to become a $430 million (â‚č 2780 million) market by 2020.

    Woofwoofnow – Founders & Team

    Sujit Paul & Rosie Paul | Co-Founders, Woofwoofnow

    Sujit Paul and Rosie Paul are the founders of this compassionate startup who also happen to be husband and wife. They both share a love for animals and have been an excellent combination of frequency match for the same.

    Rosie Paul is an avid animal lover since her childhood and has multiple episodes in her life where she has worked in the pet care industry. Rosie was an academic scholar and has graduated from Mahadevi Birla High School, followed by her stint at Calcutta University and MBA from IMT Ghaziabad. Her interest areas include traveling and she has extensively traveled to Germany, Brussels, Italy, Bangladesh, Switzerland, Thailand, Singapore, Egypt and many more.

    Dr. Sujit Paul carries over 25 years of experience in the industry. He is a proven leader and a part of Top Management with board-level experience. Sujit has worked for diverse organizations such as Retail, Hospitals, Health and Wellness industries. With his broad array of experience, Dr. Paul has extensive exposure in small medium and large multinational as well as large-sized organizations in various corporate cultures like Columbia Asia Hospitals Pvt. Ltd, Trust Chemist, and Druggist, Emeditek Services Limited, Apollo Hospitals, City Info Services, Chandras Chemicals, Kodak, Bata and Asian Paints. His recent assignment is being the Managing Director of a new startup “Stayhappi Pharmacy”. This has again got his various accolades and achievements in setting up the brand with a mere one store to scaling up to 300+ stores Pan India in 365 days. All in all, he is currently associated with a startup that has ambassadors like Vidya Balan and Sourabh Ganguly who have endorsed the brand.

    Dr. Sujit Paul is the author of innumerable books including his recent publication of Freeing Your Inner Self-awareness in the year 2018 and Journey of Awakening in the year 2019. Also, he is the founder of www.sujitpaul.com. He has received multiple awards and recognitions, the recent being conferred by Brand Vision and Times Now at a Global Stage, along with Gaur Gopal Das, Sunny Leone, Vidya Balan, Ayushman Khurana, Sonakshi Sinha, and many more. This versatile founder of Woofwoofnow also got featured in the Annual Coffee Table book. He was also nominated with the Top 100 Executives as “World Greatest Leaders 2018 – 19” by Asia One Magazine. He was felicitated with this award in Dubai.

    Woofwoofnow has quite a lean team with 6 core initial members. However, the executive team consists of Dr. Sujit Paul at the helm, Rosie Paul – Founder and COO of the group, and Shaily Dubey – one of the early members in the company and a well-rounded professional with a computer science engineering degree and an MBA. Shaily started her career in the technology space and worked with leading MNCs. Post her stint with Intel SE Asia, she returned to Bangalore and found her calling with GPC. Since then she has been focusing upon how technological innovation can be leveraged in the pet care space to build solutions that pet parents can rely on and conveniently discover any service they may want to avail.

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    Woofwoofnow – Work Culture

    If there’s one thing that Sujit is very particular about, it’s the work culture of his ventures. Not just this venture, but he’s always ensured an amicable work culture in all his previous ventures as well. Culture is always top-down with complete transparency and high integrity in the internal team and with external entities. This is one of the strong foundations for Culture development. Dr. Sujit said: “Our employees are never questioned about the hours they put in the work, rather than their output of deliverables.”

    Dr. Sujit very strongly believes that “people are the Strength of organization and candidates who aspire to join Global Pet Consulting truly need to love their job, be compassionate towards animals, should have high ethics, value, and integrity.” He is of the opinion that all members should drive towards the common organizational goal. Sujit does not even care for micro policing with his employees rather gives them ample freedom. He genuinely believes that employees should be part of the Growth Story of the Company.

    Woofwoofnow – How It All Started?

    It all started in the year 2016 when the couple lost their pet – Daisy. The family was on an out of station travel and Daisy was in her favorite boarding. Suddenly one night when she was not feeling very well. The boarding attendant neither got any vehicle who would allow taking Dogs into the clinic nor did he have access to any Doctors in the night. As a result, they lost their beloved pet Daisy.

    The pain of losing Daisy germinated the idea of their startup- Woofwoofnow. The couple started with the research in 2017. Their first respondents were family and friends and when they looked further they got to hear similar stories from them. Simultaneously the cofounders realized that there is no true ecosystem for Pet Care in India.

    They were quite surprised. Given India’s growth in Pet and the rate of pet adoption, how was this whole sector overlooked? Therefore in 2018 conceived this company “Global Pet Consulting” with the brand name of Woofwoofnow. Early in 2019 the website and the mobile application got ready to hit the markets. And then they started meeting the best Veterinary Doctors in Bangalore. They carefully evaluate the doctor’s experience before getting them on board in their venture because they want to ensure that the best service is provided to the pet parents. By this time the cofounders had realized that working with animals needs more compassion and the aggregator model of logistics would not work. Hence they rolled out their own fleets of Hatchback, Sedan, and SUV and started with the service in April 2019.

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    Woofwoofnow Logo

    While the cofounders were doing their primary research, they figured that the need for a pet consultation is not only in India but also in the UK and the USA. The Indian market is growing rapidly and the opportunities are enormous. Parallel in the international market every second house has a pet but without any pet consultations available which makes the target market size almost double than the Indian market. Hence the company was named “Global Pet Consulting” – and the logo to depicts pet animals like a dog and a cat.

    The idea behind naming the venture Woofwoofnow was the fact that though animals can’t talk but they can very well communicate through their voices. So to signify responding immediately to these pets, this name seemed quite appropriate.

    Woofwoofnow – User Acquisition

    The first customer for Woofwoofnow online vet consultation was a gentleman from Gurgaon. His name was Sudipto Chatterjee who had a lab dog. This man was particularly tired and frustrated with the local vets for various reasons. And he was looking to get a second opinion with them.

    There onwards, they have done Pilots with various rescue cases wherein the customers wanted Teleconsultation/Video Consultation with the Doctors. Woofwoofnow’s first Pet Taxi Customer was a case wherein an Indi dog was run over and the leg was fractured. The customer had tried contacting a lot of emergency services and waited for a long time but nothing happened and none of them came. That’s when Woofwoofnow took over and the customer was so overwhelmed with the service that he agreed to give a Video footage feedback about his views on Woofwoofnow.

    Woofwoofnow – Business & Revenue Model

    Reports reveal that India is the fastest-growing pet care market in the world. Urbanization, rise in nuclear families, changing perceptions towards pets and pet owners are driving the growth, with which India pet care market is expected to continue to record double-digit value growth on the back of pet humanization coupled with growing disposable income. India’s pet care industry is growing rapidly as the middle class increasingly demands quality pet care and services.

    Woofwoofnow’s business model rotates in the Pet ecosystem and the conveyance. As Ola and Uber is for human rides, Woofwoofnow Pet Taxis are for Animal rides. They are already now the most Preferred Pet Taxi in the Silicon Valley of India. The revenue model rotates from the Interlinked Business right from Pet Tele and Video Consultation to Pet Taxi logistics and the Pet Clinic and Hospitals.

    In their current POC from April 2019, they have done quite a few Tele and Video Consultation with the Vets for the rescue cases. Woofwoofnow is growing consistently month on month in the Pet Taxi Bookings and other relative services.

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    Woofwoofnow – Startup Challenges

    Challenges are inevitable for startups especially when it has no backing of the robust funding. When the cofounders started their journey they understood the cash burn right during the website and application development stage. The team believes in quality and well understands that it takes time to build traction. Hence they have to carefully measure the cash burns.

    There’s one incident that challenged the company’s existence. A dummy customer booked a pet taxi and called in a remote location. When the cab arrived, it was vandalized by a local competitor. In such incidences, loyal customer support can put the firm back on the map and that’s what fortunately happened with Woofwoofnow.

    Woofwoofnow – Competitors

    Unfortunately, this sector from a Healthcare perspective is unnoticed and untapped for multiple reasons. This sector cannot be ventured by everyone because one needs a deep understanding of the animal ecosystem. Indian market does have brands that cater to pet food and other hygiene products and services but there’s no venture dealing in health and technology services to facilitate the immediate treatment of pets.

    Woofwoofnow – Funding & Investors

    Currently, Woofwoofnow is bootstrapped. Though the team is on talking terms with various investors for the seed round. The investors seem to be interested. But the team feels that it’d add value to the venture if it is invested in by an investor who understands the pet ecosystem and has extreme love and compassion for them.

    Woofwoofnow – Growth

    For any startup, it takes time to stand out in the market. Woofwoofnow is growing consistently at an organic pace. As mentioned above their Pet Taxis are the most preferred ones in the IT hub of India – Bangalore. Their sole motive is “Genuine Service,” For the same, the cofounder and COO, Rosie Paul has recently bagged the Startup Women Entrepreneur of the Year on 26th September 2019 from the DY Chief Minister and Principal Secretary of Karnataka. Along with all this, they are also working to garner Series A funding.

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    Woofwoofnow – FAQ’s

    How long does an Tele/e-Consultation last?

    e-Consultations typically last between 05-15 minutes.

    What can I expect during an Tele/e-Consultation?

    You can request a Tel/e-Consultation for non-critical guidance on pet-related issues. e-Consultations are intended to provide clarity for pet owners and as an alternative to Internet searching for answers which can often be misleading. Tele/e-Consultations provide pet owners with peace of mind with service from their trusted veterinarian.

    Can the veterinarian prescribe medication during the Tele/ e-Consultation?

    Prescriptions cannot be provided during an e-Consultation generally, however, in certain instances, it may be possible as well.

    How do I schedule an Tele/ e-Consultation?

    Members should log in to the Woofwoofnow platform, and complete the -step set-up process. Payment is made in advance usually and a wide selection of appointments are available. e-Consultations are conducted on our secure platform via webcam, similar to a Skype chat.

    What information does a pet health record contain?

    A pet health record includes the basic records of the Pet’s health.

    Where do I access my pet’s health record?

    Members can access their pet’s health record from anywhere in the world using any device with an internet connection. Simply go to the Woofwoofnow website and click “Sign In” to enter the platform. You can also access the information using the app platform.

    Woofwoofnow – Conclusion

    Woofwoofnow do not believe in a one-solution-fits-all Pet Parents. The Doctor’s custom solution approach means working closely with the Pet lovers to provide services that not only fit their Pet’s Consultation requirements but also offers a high degree of Speed and Seamlessness. Regardless of the Pet, all the Pet parents would have access to experienced Doctors as well as to world class Online Consultation experience to ensure all Consultations have desired outcomes. The company’s Mission and Vision is to be the most Pet friendly Institution; to build a place Where Pet Parents can rely on and come to find and discover any Pet service they might want to avail.

  • Factoreal : Marketing Automation Platform To Boost Revenue

    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 Factoreal.

    No matter how big an organization is, when it comes to marketing, there’s no dearth of mundane and repetitive tasks, such as email marketing, social media posting and even campaigns. Marketing automation platforms remove the hassle from marketing execution and allows businesses to streamline, automate, evaluate tasks and workflows – not just for the sake of efficiency, but to provide a more personalized experience to the consumers, eventually leading to higher conversions and business growth.  However, these tools have become complex over time, difficult to operate and messy to integrate and customize.

    Factoreal is a Bengaluru based startup offering an omni-channel customer engagement and marketing automation platform designed from the ground up to help marketers execute their job effortlessly and boost revenue. Taking a clean slate approach powered by the fuel of simplicity, it enables businesses to define end to end customer journeys in minutes, delivering hyper-personalized campaigns and capturing those micro-moments of engagement effectively.

    Factoreal – Company Highlights

    Startup Name Factoreal
    Headquarter Bengaluru, India
    Sector Software as a Service (SaaS)
    Founder Aditya Dhruva
    Founded 2019
    Parent Organization Comviva Technologies USA Inc.
    Website factoreal.com
    Contact letschat@factoreal.com, marketing@factoreal.com

    Factoreal – About and How it Works
    Factoreal – Target Market Size
    Factoreal – Founders and Team
    Factoreal – Parent Company (Comviva Technologies USA Inc.)
    Factoreal – How it Started?
    Factoreal – Products/Services
    Factoreal – Name, Tagline and Logo
    Factoreal – Revenue Model and Business Model
    Factoreal – Funding and Investors
    Factoreal – User Acquisition and Growth
    Factoreal – Competitors
    Factoreal – Advisors and Mentors
    Factoreal – Future Plans
    Factoreal – Founder’s Advice
    Factoreal – FAQs

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    Factoreal – About and How it Works

    Factoreal is a startup funded by Comviva Technologies (part of the Mahindra group), looking to disrupt the Omni-Channel Customer Engagement industry. It is a tool designed for marketers. The tool is Simple, Intelligent, and Effective.

    The startup aims to make customer journey automation SIMPLE and AFFORDABLE for all businesses. They strongly believe that simplicity is the essence of universality.

    The team started with only one guiding light, “To build the most trusted simplest platform”. Simplicity still remains the most important guiding principle for every decision they make. Whether it’s deciding the product roadmap or hiring – simplicity is always at the heart of everything they do.

    Here are the top 5 challenges that customer engagement automation can help a business overcome:

    • Unengaged customer
    • Low lead conversion
    • Marketing inefficiencies
    • Lower than expected Revenue growth
    • High TCO
    Factoreal – Customer Engagement Platform

    Factoreal – Target Market Size

    The marketing automation market size is growing at double digit CAGR and expected to be a USD 25 billion industry by 2024. The increasing need for automating repetitive marketing processes, retention of users for business growth, increasing demand for personalized marketing, and better predictive lead scoring are some of the major factors expected to drive the growth of this market.

    Marketing automation software solutions help enterprises to manage the entire lifecycle of marketing channels effectively across various digital medium which is one of the major factor for adoption of these software by enterprise globally.

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    Factoreal – Founders and Team

    Aditya Dhruva is the Founder & CEO of marketing automation platform-Factoreal.

    Aditya Dhruva - Founder, Factoreal
    CEO of Factoreal, Aditya Dhruva

    Aditya Dhruva, the CEO of Factoreal is a thought leader with a stellar track record of business innovation, strategy, and running profitable businesses. He has done his entrepreneurship education from MIT and is a graduate in Electronics and Communications. He has authored 5 patents and in his past, he has held various leadership positions at Comviva, Cisco and Nokia.

    “There are two schools of thought in the startup world – One prioritizes time-to-market. Get in there as early as you can, get the bean counter flowing early, pivot and iterate to find a reasonably strong play.

    The other evangelises getting the right product-market fit. In highly innovative markets with strong competition, getting the right differentiation and core value proposition is extremely important. In Factoreal we are favouring the second approach” – Aditya Dhruva, founder and CEO of Factoreal.

    Factoreal Team
    Factoreal Team

    Factoreal – Parent Company (Comviva Technologies USA Inc.)

    Comviva is one of the leaders of mobility solutions providers and cater to over two billion platform users globally. The technology products offered enables customers to increase revenue, operate profitably and make a drastic impact. It is a value-added services provider for mobile telephone operators. Comviva has customers in over 90 countries, In 2012, Tech Mahindra bought a 51% stake in Comviva.

    Factoreal – How it Started?

    Comviva Technologies has been a leader in Mobility Solutions for nearly 2 decades. Predominantly working with Telecom customers, the portfolio spans across Mobile Financial products, Messaging and infrastructure, customer value management and lifestyle solutions.

    As part of the growth strategy for the group, they wanted to leverage their expertise in building highly scalable carrier grade solutions and bring it to an internet scale offering directly to the enterprises in a SaaS model. That was when marketing automation platform, Factoreal was born.

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    Factoreal – Products/Services

    Factoreal is an omnichannel customer engagement and marketing automation platform, delivering best-in-class journey automation, channel coverage, and budget control. The product capabilities include:

    Engagement automation

    Let’s you automate the customer engagement lifecycle, you can ensure seamless, engaging, customer conversations everytime.

    • Simplest Workflow modeling and ready-to-use journey templates
    • Social ads & shares
    • E-mail automation
    • Real-time triggers

    Omni Channel

    Let’s you orchestrate and automate customer experiences across multiple touchpoints.

    • Traditional – SMS and Email
    • Social – Facebook, Instagram, Twitter, Snapchat
    • Mobile / OTT – Mobile App, Chatbots and RCS

    Planning & Budgeting

    Let’s you use a credit store (FactCoins) to control all your marketing spends based on real-time needs.

    • ROI Analysis
    • Budget management

    Ecommerce Integrations

    With their pre-integration with ecommerce platforms like Shopify, WooCommerce, you have the ability to run all your conversion and acquisition campaigns right out of Factoreal – down to each product and customer.

    • Real-time actionable insights into the ecommerce journeys
    • Predictive analytics
    • Recommendations

    Factorial (!) is the mathematical symbol for a multiplicative expression. The core value of the Factoreal Brand is to provide a multiplying benefit in every aspect to the user : experience, value and simplicity

    The placement of the logo in the wordmark has been kept in the exact centre. This adds a dimension to the narrative of the brand story, implying that the user is receiving relevant data and facts in real time. The company’s product acts as a catalyst by highlighting the vantage points of data. The placement of the monogram also enhances the visual recall of the brand.

    Factoreal
    Factoreal logo

    Bringing together every aspect, the monogram is a representation of marketing automation. The beauty of the monogram lies in the fact that it is also the mathematical representation of factorial itself.

    It represents churning of a large amount of consumer data on an omnichannel platform to generate segmented, meaningful pieces of information, which helps you derive accurate marketing insights – all through a simple automated tool.

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    Factoreal – Revenue Model and Business Model

    Factoreal’s revenue is subscription based and they have a Pay-As-You-Grow model allowing customers to increase their spend based on their business growth. The startup’s unique credit store concept (called FactCoins) enables customers to purchase pre-paid credits which can be used flexibly across campaigns, channels and ads.

    The company care for their customers and given the current situation, they are going the extra mile in helping the small and medium businesses tide over the crisis with flexible plans.

    Software as a Service (SaaS) Revenue Model
    For customers, the benefits of the SaaS model are clear. It brought lowercosts, lower commitment risk, and a try-before-you-buy model, which gavecustomers a remarkable opportunity to assess a product before making a purchase.Indeed, the benefit is so clear that a 2017 study conducted by BetterCl

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    Factoreal – Funding and Investors

    Factoreal is funded by Comviva Technologies (part of the Mahindra group)

    Factoreal – User Acquisition and Growth

    While the team don’t disclose their customer base, they have been lucky enough to on-board a handful of paying customers within a couple of months of bringing their MVP to the market. But the journey is long and it has just begun.

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    Factoreal – Competitors

    Competitors of Factoreal are Klaviyo, Adobe, Hubspot, Salesforce Marketing Cloud, and Autopilot hq to name the few.

    Factoreal – Advisors and Mentors

    Manoranjan Mohapatra (CEO of Comviva technologies), and Dan Knowlton (Ranked among the top 100 digital marketing influencers) are advising the team of Factoreal.

    Factoreal – Future Plans

    It has future plans of scaling the business, growing the team, and launching new capabilities that help their customers achieve their goals faster. They are focused on delivering high customer satisfaction.

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    Factoreal – Founder’s Advice

    “Find a real customer problem to solve. You can definitely build a good business provided you’re constantly innovating on product, value and GTM. Any startup will go through it’s ups and downs – it’s important to try for the best but prepare for the worst. Be prudent in spends, save for a rainy day. Take care of your employees. And more importantly, hustle, hustle, hustle. There are no guarantees in life, but these will give you your best chance at success.” – Aditya Dhruva, founder and CEO of Factoreal.

    Factoreal – FAQs

    What is Factoreal?

    Factoreal is a Bengaluru based startup offering an omni-channel engagement automation platform to help marketers execute their job effortlessly.

    Who is the Founder of Factoreal?

    Aditya Dhruva is the Founder & CEO of Factoreal.

    Who are the Top Competitors of Factoreal?

    Competitors of Factoreal are Klaviyo, Adobe, Hubspot, Salesforce Marketing Cloud, and Autopilot hq.

    What is the Factoreal Revenue Model?

    Factoreal’s revenue is subscription based and they have a Pay-As-You-Grow model allowing customers to increase their spend based on their business growth. The startup’s unique credit store concept (called FactCoins) enables customers to purchase pre-paid credits which can be used flexibly across campaigns, channels and ads.