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Tag: 📄Company Profiles

  • Haptik – India’s Biggest AI-based Personal Assistance Platform

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

    There are more than 3 billion people in the world who use messaging or digital voice interfaces on a daily basis. However, less than 1% use these mediums to communicate with businesses and brands. It is only a matter of time for this to change – enterprises will implement the infrastructure to enable these channels.

    Haptik is born out of the belief that conversational AI will have the same paradigm shift, and the company is a global team of 200+ believers waiting to make it happen.

    Haptik – Company Highlights

    Startup Name Haptik
    Parent Company Reliance Industries
    Headquarters Mumbai, Maharashtra, India
    Industry Software, AI-company
    Founded August 2013
    Founders Aakrit Vaish and Swapan Rajdev
    Area Served Worldwide
    Website www.haptik.ai

    Haptik – About and How it Works?
    Haptik – Logo and its Meaning
    Haptik – Founder and History
    Haptik – Mission
    Haptik – Recent News
    Haptik – Team
    Haptik – Partnerships
    Haptik – Business Model
    Haptik – Revenue and Growth
    Haptik – Funding and Investors
    Haptik – Acquisitions
    Haptik – Awards and Recognitions
    Haptik – Competitors
    Haptik – Challenges Faced
    Haptik – Future Plans
    Haptik – FAQs

    Haptik – About and How it Works?

    Haptik is an artificial intelligence company powering conversational assistants for brands to transform customer experiences. The company develops technology to enable enterprises to build conversational AI systems that allow users to converse with applications and electronic devices in free-format, natural language, using speech or text.

    Haptik also has an automated conversational testing platform that enables real-time improvements to the AI. Haptik AI is a developer of conversational AI platforms intended to automate critical business processes.

    The company’s platform has a live agent tool for a bot to human handover and analytics dashboard to check chat level metrics and insights into what a customer really needs from business, enabling users to chat with experts for any query related to any company, product or service via text messages.

    Haptik – Logo and its Meaning

    The Haptik logo has hand that is very colorful, and the multiple colors serve a purpose – to symbolize how the app could help users with a wide range of tasks. Taken together, the hand and the colors were meant to say “I’m here to help, and I can help with a lot of things”.

    Haptik's company logo
    Haptik’s company logo

    The bright colors, in addition to being pleasing to the eye, were also meant to symbolize positivity and optimism – reflecting our confidence in the ability of the Haptik app to accomplish the many tasks that it would be asked to perform.

    Haptik – Founder and History

    Haptik was founded by Aakrit Vaish and Swapan Rajdev, both University of Illinois engineering alumni in August 2013.

    Founders of Haptik
    Founders of Haptik

    Vaish recalls, “Swapan and I were working in San Francisco when the mobile app industry was taking off. One of the categories of apps that we saw take off significantly was messaging. We noticed people using messaging apps more than any other type of app, and the addiction to the interface was crazy. We figured there is something here to build on, and potentially a platform to support conversations everywhere beyond simply peer to peer chat. That’s when Haptik was born”.

    In March 2014, the company launched its first product, the Haptik app which is a chat-based personal assistant for Android and iOS platforms in India.

    Over time this evolved into full-blown conversational commerce app with over 2 million downloads with 15 million app installs. The company launched Life Insurance chat-bot for HDFC Life and a Baap Bot for Father’s Day.

    Haptik – Mission

    Haptik’s mission statement says, “To build artificial intelligence products that enable the paradigm shift of interaction from clicks to conversations.“

    Haptik – Recent News

    Reliance Jio said that it has bought a majority stake in Haptik,  a startup that develops ‘conversational’ platforms and virtual assistants, in a deal worth $100 million overall. The transaction will see Jio will take an 87 percent stake in the company, with the remaining shares left for Haptik’s  founding team and staff. The deal includes 230 crore ($33 million) to buy out existing backers and an investment of 470 crore ($67 million).

    Haptik announced that it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in North America. According to Aakrit Vaish this move is part of Haptik’s broader strategy to both expand its technology expertise and team and business overseas.

    Haptik – Team

    • Aakrit Vaish – Co-Founder & Chief Executive Officer
    • Swapan Rajdev – Co-Founder & CTO
    • Kartik Poddar – Chief Business Officer
    • Prateek Gupte – Director, Product & Engineering
    • Krupal Modi – Head, Machine Learning
    • Aman Srivastava – Machine Learning Scientist
    • Audrey Wu – VP Strategic Partnerships

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    Haptik – Partnerships

    Haptik built the world’s largest WhatsApp chatbot for COVID-19. This was the official helpline for the Government of India which was utilized by over 21 million users across the country. The MyGov Corona Helpdesk was engineered to fight rumors, educate the masses and bring a sense of calm to the pandemic situation. Haptik built the Helpdesk ground-up using official data shared by the Government.

    Kotak Life partnered with Haptik to develop an AI-driven conversational assistant called KAYA which provides 24X7 assistance to consumers.

    The company partnered with Amazon Pay, HDFC Life, Ola Cabs, Uber, Times Internet, Mumbai City FC, Coca-Cola, Ziman, Zomato, BookMyShow, ClearTrip, Goibibo, UrbanClap, Via.com, Dineout, Flipkart, and Kotak Life to run campaigns on Haptik app.

    In March 2018, the company partnered with Amazon Web Services (AWS) to provide Al-enabled conversational solutions to customers in India.

    Haptik has entered into a strategic partnership with Y Combinator-backed Leena AI to provide enterprises for all types of bot solutions.

    Haptik’s repertoire of chatbot customers in India includes Samsung, Future Group, KFC, Dream11, Sharekhan, Edelweiss, Tokio, Club Mahindra and IIFL among others. Haptik has also built assistants for TOI, Samsung, Ziman and Akancha Against Harassment, an online Cyber Safety Initiative.

    Haptik is one of the world’s largest conversational AI platforms. In October 2017, The Times of India app incorporated Haptik’s virtual personal assistant service with Sprite as the exclusive brand partner. Samsung was the second partner who uses Haptik to power its ‘My Assistant’ service that is pre-installed on the Samsung Galaxy S7 and Galaxy S7 Edge in India.

    Haptik built a scalable Support Bot for Dream11 which helped the online handle 8x their volume without a large support staff during IPL 2018.

    Haptik – Business Model

    Haptik has always been in the leading position when it came to the chatbot business. They were one of the very first enterprises to come up with the idea and have a huge advantage of the experience factor when compared to its competitors. They have had lots and lots of experimentations done on the concept and have almost perfected the art.

    One of their biggest strong points is indeed the upper hand in technology. The in-depth knowledge in Machine Learning and NLP has also aided the company to be one step ahead of the competitors. They were one of the very first firms to reap the benefits of the chatbot industry by foreseeing the growing liking of the people to interface and personal assistance.

    They also concentrated on being a B2B(business-to-business) model, which proved more effective for the team. The biggest advantage of Haptik is that they provide customized services to the customers. There is no one model for all kind of a concept that works there. This has also led to the team to stand out from the rest.

    Haptik – Revenue and Growth

    From a rather unsuccessful launch of its beta phase called Batman to becoming the nation’s biggest AI-based personal assistance platform, Haptik has indeed come a very long way. They have over one million downloads in Play Store and are the highest-rated mobile application in India.

    The organization handles over 50 million conversation yearly and has a clean history when it comes to customer churns. This is no ordinary feat and the team has indeed worked very hard to reach where they are today.

    More and more people seek the assistance of chatbots to solve their daily problems and help in easier decision making. The company is now looking forward to expanding there scope across the globe and are absolutely confident that they will be able to see the same magnitude of results they could see in India.

    Mumbai-based conversational AI assistant Haptik has attained 105% of its revenue target in the first quarter of financial year 2020 despite the pandemic and the reduced cash flow from the travel tech sector which suffered huge losses due to the travel restrictions.

    Haptik – Funding and Investors

    Haptik has raised a total of $12.2M in funding over 2 rounds. Their latest funding was raised on Apr 5, 2016 from a Series B round. Haptik is funded by 3 investors. Times Internet and Vivek Kumar are the most recent investors.

    Date Round Amount Lead Investors
    Apr 5, 2016 Series B $11.2M Times Internet
    Sep 16, 2014 Series A $1M Kalaari Capital

    Haptik – Acquisitions

    Haptik has acquired 2 organizations. Their most recent acquisition was Buzzo.ai on Sep 24, 2019.

    Acquiree Name Date Amount About Acquiree
    Buzzo.ai Sep 24, 2019 – Buzzo.ai is a customizable Artificial Intelligence software for retail, e-commerce, travel.
    CONVRG Jul 23, 2019 – Speakeasy™ by Convrg is AI-powered software that voice-enables your ecommerce website or mobile app, allowing consumers to shop by voice.

    Haptik – Awards and Recognitions

    Haptik won ‘AI for Good Award’ for the year 2018 at the 4th Annual Canadian Fintech and  AI awards. Haptik’s client list includes Fortune 500 names such as Coca-Cola, Samsung, KFC, Tata Group and Mahindra Group, among others.

    The company launched in the year 2013 was awarded for its 24×7 bot which benefits its users in fields of cyber safety and harassment. Haptik developed a bot named Akancha Against Harassment or AHH bot, authorized by Akancha Srivastava, a prominent cyber safety pundit and founder of the Akancha Against Harassment (AAH) vision. The bot enhances and educates people about cyber safety in a captivating and conversational procedure. The technology gives a comprehensive information on the absolute process and more users pursuing help and safety against cyber harassment.

    Haptik – Competitors

    The top  competitors in Haptik’s competitive set are Floatbot, Vernacular, Yellow Messenger, SendBird, Niki, and Askarvi.

    Haptik – Challenges Faced

    Vaish says “Being at the forefront of an industry which is still evolving means that there is no predefined playbook which can be followed to assure results. At Haptik, on an everyday basis, we try out various different experiments some of which succeed while some of them don’t”.

    The company faces challenges on all aspects of engineering starting from scaling, research in machine learning, product and design. They perform research in-house and work closely with academia and other institutes to be able to find the best solutions to advance the chatbot and machine learning space.

    Having said that, it cannot be denied that chatbot space is growing by leaps and bounds, with traditional slow moving businesses automating their procedures and using chatbot to become more efficient. The founders of Haptik believe that with the growth of AI technology, bots will be able to understand regular human speech in both text and voice.

    “Vernacular language support is another interesting field that is currently open to innovation. We can also expect to see chatbots on various other platforms apart from websites and messengers. Chatbots will become more prevalent and be a part of everyday life for everyone who owns a smartphone!”, Vaish added.

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    Haptik – Future Plans

    Haptik’s team is looking forward to expand further into newer and bigger markets. Haptik has a few clients in the US with IoT, chatbot, and voice assistance market growing extensively in India. A Hansa Cequity Customer Experience Trends Report suggests that the chatbot market will touch $2.3 billion by the end of 2020 from its current $700 million.

    “We invested in Haptik back in 2016 based on the early signs of messaging as a paradigm for user interactions. Over the last year, we have seen tremendous adoption in enterprises adopting it as a platform to communicate with their users, with successful results. We are really bullish on what’s to come from team Haptik in the next few months, and are prepared to back them all the way to making this a large global technology company from India.” said Aakrit, founder of Haptik.

    Haptik – FAQs

    What does Haptik do?

    Haptik is an artificial intelligence company powering conversational assistants for brands to transform customer experiences. Haptik develops technology to enable enterprises to build conversational AI systems that allow users to converse with applications and electronic devices in free-format, natural language, using speech or text.

    Which company owns Haptik?

    The Reliance Industries owns Haptik.

    Who founded Haptik?

    Haptik was founded by Aakrit Vaish and Swapan Rajdev, in August 2013.

    When was Haptik founded?

    Haptik was founded in August 2013.

    Who is the current CEO of Haptik?

    Aakrit Vaish is the current CEO of Haptik.

  • EasyPoker – Host Poker Nights Without Chips or Playing Cards!

    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.

    Are you stuck in situations when you want to play poker but don’t have cards and chips with you? EasyPoker is designed to solve this problem. It is the digital substitute for the traditional silver case poker set. This means you can use the EasyPoker app to host poker nights with friends – no physical poker chips or playing cards needed. Now, you can play Poker at the bar, around the campfire – anytime, anywhere.

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

    Company Highlights

    Startup Name EasyPoker
    Headquarter Aarhus, Denmark
    Sector App, Online Gaming
    Founders Tobias Oliver Eberhard, Ulrik Hunskjær, Martin Jensen, Anders Eggert
    Founded 2019
    Funding Bootstrapped
    Legal Name EasyPoker ApS
    Website easy.poker
    Contact allin@easy.poker

    EasyPoker – About and How it Works
    EasyPoker – Target Market Size
    How was EasyPoker Started?
    EasyPoker – Products/Services
    EasyPoker – Founders and Team
    EasyPoker – Name, Tagline and Logo
    EasyPoker – Business Model and Revenue Model
    EasyPoker – Startup Launch
    EasyPoker – User Acquisition and Growth
    EasyPoker – Startup Challenges
    EasyPoker – Funding and Investors
    EasyPoker – Recognition and Achievements
    EasyPoker – FAQs
    EasyPoker – Conclusion

    EasyPoker – About and How it Works

    EasyPoker is the digital substitute for the traditional silver case poker set. This means you can use the EasyPoker app to host poker nights with friends – no physical poker chips or playing cards needed.

    The app’s core mission is to bring back live poker with friends by making it as easy and convenient as online poker – all while still maintaining the feel of classic face-to-face poker.

    At the moment the team is focusing on delivering COVID-19 friendly poker nights, making sure casual players don’t have to cancel their weekly games during the pandemic.

    EasyPoker – Target Market Size

    EasyPoker is operating in the market of both online poker and classic “offline” poker. Worldwide approximately 400,000,000 people consider themselves casual or experienced poker players. The market has a 12% CAGR (source: Adroit Market Research).

    The market will become more digitized and using virtual playing cards and chips will become the new normal. This will both have something to do with convenience, connecting friends across borders, and the international COVID-19 pandemic that has put extra focus on the spread of bacteria by human interaction.

    And on top of this, the company, of course, operate in the market of ‘casual gaming’, since the app is removing the usual struggles of facilitating face-to-face poker, meaning a game of poker with your friends will be just a tap away – probably leading to more frequent, casual games.

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    How was EasyPoker Started?

    Tobias Oliver Eberhard, a co-founder of EasyPoker, had the idea for EasyPoker years back on a trip with his friends. They wanted to play poker but did not have a poker set. They ended up ripping small pieces of paper and cracking matches to use as “poker chips”.

    Back then he was working on another startup so did not have the time to pursue this obvious gap in the market. Two years later Tobias ended up selling his first startup and then went to pursue the idea of making social poker digital. Tobias met his co-founders in college.

    “We hit it off right away, as we all had an interest in digital entrepreneurship and apps. Before starting any development we created an interactive (non-functional) prototype using the Marvel App. We gave it to our friends in the poker community and asked for feedback on the concept”, recalls Tobias Oliver Eberhard, founder of EasyPoker.

    After that, they started posting pictures and videos of the prototype on social media to see the reactions of potential users. Overall, people liked what the team was working on, as most of them had been in a situation missing a poker set themselves. They collected and analyzed all the feedback they had gotten and then started the official development.

    EasyPoker – Products/Services

    The app works kind of like “Kahoot” for poker. A user creates a table and gets a 4 digits game code that he/she shares with his friends.

    EasyPoker - Features
    EasyPoker – Features

    The app is designed to feel as close to using playing cards and poker chips in real life as possible. This means a completely new design compared to traditional poker apps. The app also does not offer players to buy chips to use in the game – It’s all included, which means no gambling of your real-life money (even simulated).

    EasyPoker – Founders and Team

    Tobias Oliver Eberhard, Ulrik Hunskjær, Martin Jensen, and Anders Eggert are the founders of EasyPoker.

    EasyPoker Founders
    EasyPoker Founders

    One of the co-founders (Ulrik Hunskjaer) is Tobias’s cousin and the other two they met in college. They all have a BA in Multiplatform Storytelling & Production. Tobias (CEO of EasyPoker) and Anders Eggert (CFO) have a technical background from college while Ulrik (COO) and Martin Jensen (CGO) specialized in product development, marketing, and storytelling.

    “It was actually pretty easy to convince the guys to start the app business as we have all just finished college and were looking to be a part of a startup or similar. I had recently just exited my old company and Ulrik Hunskjaer had just left a job at Niantic Labs (Pokemon GO, Ingress) as he wanted to pursue his own app ideas. It pretty much lined up perfectly”, says Tobias Eberhard, CEO of EasyPoker.

    Today the company has 5 employees – the 4 founders and a backend developer. They have a small office in Aarhus, but since the COVID-19 outbreak been working mostly remotely.

    EasyPoker was the first “working title” the company had when the team first started development. The name is very generic and it’s not how Tobias would normally name a startup. But other poker apps (which they needed to stand out from) all had “creative” non-generic names. This meant they had to be thinking simple to stand out from the crowd.

    EasyPoker Logo

    The app’s entire design is aimed to be as clean and effective as possible. According to Tobias, the team aims to design the app, logo, and marketing material as if Apple had to make a poker app. This means a clean, no-nonsense design and communication. Normally this would not make you stand out, but general poker marketing is very cluttered and sketchy, so it works well for EasyPoker.

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    EasyPoker – Business Model and Revenue Model

    EasyPoker is also the first poker app to base its whole app on a subscription business model. The subscription gives access to extra features and bigger tables.

    EasyPoker works on a subscription based business model. The pricing is $5.99 monthly, $29.99 every 6 months or $39.99 annual.

    EasyPoker – Startup Launch

    As the team started posting images and videos of their prototype on social media platforms like Facebook, Instagram, Reddit, YouTube, they already had 1000+ email subscribers when launching (using a landing page created in WordPress + MailChimp). The founders managed to get most of them to sign up to become early users after the soft launch.

    Fun fact: The app did not officially launch until it had 150k users.

    EasyPoker – User Acquisition and Growth

    The startup has been looking into growth hacking, making it easy for users to invite more players right from within the app. Other than that they have created web content and done a lot of SEO/ASO. Recently the product launched on Product Hunt where it became the #1 Product of the day.

    Today, EasyPoker has about 7,000 paying subscriptions on its platform. The platform has seen significant growth in the last 4 months and expects it to continue. The founders are looking for an investment that can help scale the product even more.

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    EasyPoker – Startup Challenges

    “We had a lot of challenges along the way. One major challenge was with a former team member that left the company. He wanted out and we had to keep going without him. We ended up hiring a replacement that we paid out of our own pocket.

    After some months the former member wanted to re-join the company, making it a difficult situation for the team as we did not have a clear legal standpoint of what to do. Everything worked out in the end, but this has taught us to have professional contracts designed by lawyers. It’s expensive but worth it”, recalls Tobias about the challenges faced by the startup.

    EasyPoker – Funding and Investors

    EasyPoker is currently bootstrapped and is looking for an investment that can help scale the product even more.

    EasyPoker – Recognition and Achievements

    According to the founder, launching the app is itself a big achievement. Most people don’t get this far. Second is successfully monetizing the users. The third is being able to make a living off an app you build yourself. And then of course being voted ‘#1 Product of the day’ on Product Hunt was a huge win, since the members there are often people from the tech industry.

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    EasyPoker – FAQs

    What is EasyPoker?

    EasyPoker is the digital substitute for the traditional silver case poker set. This means you can use the EasyPoker app to host poker nights with friends – no physical poker chips or playing cards needed.

    Who are the Founders of EasyPoker?

    Tobias Oliver Eberhard, Ulrik Hunskjær, Martin Jensen, and Anders Eggert are founders of EasyPoker.

    How does EasyPoker make money?

    EasyPoker works on a subscription based business model. The pricing is $5.99 monthly, $29.99 every 6 months or $39.99 annual

    EasyPoker – Conclusion

    EasyPoker is a free poker app that lets you and your friends play a private game of social poker whether live or online. You don’t need any chips or playing cards for that. The EasyPoker Team is crazy about poker with friends, and you can find them on their YouTube channel where they upload videos related to Poker Tutorials, Poker Player Stories, Behind the App Videos and much more. Whether you’re just getting started with poker, or looking to go from good to great this is the best platform for getting started.

  • Smartworks – Creating Stylish Co-Working Spaces for Enterprises

    The office space format has come a long way since it was regarded solely as a place of work at a convenient location, with plain desks, chairs, and cabins comprising the overall set up. Over the past few years, we have seen the workplace evolve significantly in terms of space utilization, design, architecture, and tech innovation.

    Co-working spaces are no longer limited to only budget tight startups and freelancers. In the present time, it has become an attractive choice for many mid to large-sized enterprises. Prominent MNCs are now working out of co-working spaces and opting for co-working spaces for their expansion in different cities. Taking this concept to a new level, Neetish Sarda & Harsh Binani launched Smartworks in 2016.

    In this article, we have discussed Noida’s co-working space company, Smartworks, its business, and investors. Read the full article to know more about Smartworks and its services.

    Smartworks Highlights

    Startup Name Smartworks
    Headquarter Noida
    Sector Coworking Spaces
    Founders Neetish Sarda
    Founded 2016
    Website smartworksoffice.com

    Smartworks – About
    Smartworks – How It Works
    Smartworks – Target Market Size
    Smartworks – Founders & Team
    Smartworks – How It All Started?
    Smartworks – Name, Tagline, & Logo
    Smartworks – Startup Launch
    Smartworks – Business & Revenue Model
    Smartworks – Startup Challenges
    Smartworks – Funding & Investors
    Smartworks – Growth
    Smartworks – Awards & Recognition
    Smartworks – Future Plans
    Smartworks – FAQ’s
    Smartworks – Conclusion

    Smartworks – About

    SmartWorks offers state-of-the-art serviced workspace solutions for individuals and businesses that want the best of work environments without committing themselves to long-term leases or contracts. It offers tailor-made offices and combines top-notch real-estate design, technology, and hospitality to create vibrant communities in the workplace.

    Envisioned as a reboot of traditional coworking spaces, Smartworks aims to provide entrepreneurs with all the flexibility that they need to succeed in the competitive business environment of today. Moreover, being serviced and completely customizable, these workspaces help businesses minimize their overhead expenses. Whatever you need, there is a smart solution for you here at Smartworks.

    The market for co-working space is on a growth trajectory in India with many players entering the sector as there is immense potential. Smartworks, in this space, differ from other companies as the focus is on flexible, managed and configured workspaces targeting enterprises with longer tenures. Smartworks creates a way of life that goes beyond being ‘just an office space’ with a laser focus on employee happiness and productivity across our facilities in the country.

    Smartworks – How It Works

    With their rich experience and knowledge of real estate, the team can offer a readily configured workspace to clients within four to five weeks as compared to the traditional workspace providers who take nine to ten months to deliver the same.

    Smartworks, as a venture, have a holistic approach to keeping members engaged and productive. Various services and events are ranging from its in-house F&B services, hobby clubs, corporate grooming sessions, yoga classes to live bands.

    As a part of the Smartweekenday campaign focused on member happiness, Smartworks organizes regular events ranging from fitness, ‘shared-knowledge opportunities, food trails, skill-building workshops, leadership series, music, and dance therapy, bringing pets to work, to learning new courses and languages.

    Smartworks’ Co-Working Space in Bangalore

    Tech-Enabled Environment

    • Smartworks App– It has an in-house smartphone application that facilitates collaboration & networking to increase work efficiency across centers. The app also reduces downtime as it offers real-time tech support and ensures issues are resolved as soon as possible.
    • Visitor Management System – Installation of the Visitor Management System ensures effective processing and tracking of your guests. Accuracy and security are well taken care of through digital registration and identification.
    • IOT based Meeting Room Bookings – Smartworks has an indigenously developed a meeting room solution that rides on the new age tech-IOT to efficiently manage meeting room bookings, generate utilization analytics, insights and can be white-labeled as per the customer needs.

    Smartworks – Target Market Size

    The growth of the co-working market is gaining momentum at a rapid pace. The reasons behind this growth are manifold, the foremost being the reduced cost of working out of co-working spaces instead of leasing entire buildings. The market size of co-working spaces across the country is expected to be 13.5 million users by 2020, entailing half of its contribution from enterprises that are expected to take up 10.3 million seats. Most of the industry players entering the picture instill India as a flexible space market across the Asia Pacific region.

    Over the years of Smartwork’s operation, the team has analyzed the demand patterns and identified large enterprise segments to be ripe for the growth of co-working spaces. Smartworks has leveraged this opportunity and worked towards providing an unmatched office experience to large corporations and big MNCs including Fortune 500 companies.

    The market demand is driven by agility, affordability, community collaboration and increased focus of established corporations by varied needs and Smartworks has been a pioneer in delivering these crucial aspects.

    Smartworks have the potential to cater to 97% of the office market demand in the country, and today this customer segment forms more than 90% of its clientele. It has grown threefold since our inception in 2016 –both in numbers and revenue.

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    Smartworks – Founders & Team

    Neetish Sarda and Harsh Binani are the founders of Smartworks.

    Neetish Sarda & Harsh Binani | Co-Founders, Smartworks

    In April 2016, Smartworks made its foray into the Indian market with its differentiated offering of ‘managed office spaces.’ To enhance Smartworks leadership further, the team onboard Harsh Binani, it’s Co-founder who comes with a strong background in strategy and operations from McKinsey& Co’s Chicago office.

    At Smartworks, Harsh has envisioned the overall strategic roadmap for the company, driving product development, customer experience, technology, and marketing. He is passionate about building a healthy work culture not only for Smartworks but also for all our member companies. Analytical, straightforward, and focused, he ensures that Smartworks is on a fast growth track and delivers value to all our clients.

    Both Harsh and Neetish, are determined to make “Smartworks” the largest network of new age, managed office spaces in the country indexing on customer experience, design, technology, and community.

    Smartworks – How It All Started?

    “My journey with Smartworks has been full of new experiences and challenges. My exposure to futuristic workspaces of the likes of Google and Microsoft in the US and Singapore as a college student helped me realize the probability of similar workspace disruption in India, which can maximize overall employee engagement and productivity.” Said Neetish.

    At that time, India was undergoing tremendous workspace transformations and moving away from the conventional office format. Upon thorough research, Neetish found out that the pace of transition to smarter workspaces in India was way behind as compared to the West, due to limited workspace design innovations and infrastructural flexibility. This is when he decided to create an unparalleled office experience for Indian office goers, which is both accessible and affordable. He wanted to create a vibrant workspace with employee engagement sessions, corporate grooming workshops and recreational spaces for the aspirational workforce of today.

    Since then, there has been no looking back, Smartworks created a new market altogether by putting together the best elements of conventional office space and a co-working space. The company’s laser-sharp focus on large enterprises has emerged as the preferred choice for enterprises when it comes to managed office spaces. Smartworks is building vibrant workspaces with the vision to make office fun again. The positive work environment translates into a place of productivity, engendering extra energy and better output.

    Currently, the 95% commercial real estate absorption is attributed to enterprises in India. Analyzing the market potential, Smartworks has positioned itself as an enterprise-focused service, and the central idea behind this is to capture the bigger market.

    Smartworks Logo

    The name ‘Smartworks’ has been derived from our firm belief that excellence is a product of working smartly day in and day out. It’s tagline, ‘Workspaces that work for you’, indicates how well its workspaces work for all the clients irrespective of their size, nature of business or demography. The motto was simple “Create office spaces where people ‘want’ to go, not just ‘have’ to go!”. It’s office spaces are a combination of beautifully designed infrastructure, state of the art technology integration and amenities that are available to the members.

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    Smartworks – Startup Launch

    Initially, when Smartworks had just launched, the team’s focus was on startups and freelancers. But after much research, they figured out that enterprises make up for the maximum market, and therefore they changed their strategy. Today, more than 90% of Smartworks revenue comes from enterprise clients.

    Here are the three-pronged strategies that have led to the performance and growth of Smartworks in all these years:

    • Bringing large enterprises in the purview of coworking spaces – The very first decision to shift our focus from startups to large enterprises is what defines the story of Smartworks. It was a difficult decision, though, but turned out to be a wise one when the team looks back now. Smartworks started to completely revolutionize the way offices function in India. And it became imperative to cater to large enterprises that have tremendous potential for this industry and can help Smartworks establish its name in the market. And in just over three years, the team has successfully established Smartworks as a preferred Managed space office provider in India for large enterprises.
    • Investing in large facilities with faster turnaround time – Enterprises typically face significant challenges around new office space acquisition at the right location and its development. Business requirements of enterprises are unique, precise, and they look for long term leases where the location is the key priority. Smartworks invest significant time and research on such profitable buildings and take them on lease for 9 to 10 years. By doing this, Smartworks takes away all such challenges from the enterprises and provides them with completely fitted out/configured space within 4-6 weeks, which compliments their brand ethos and requirement. It matches the preferences of its clients, which has made Smartworkd, the first preference/choice for large enterprises.
    • Focus on design and environment for productivity – Gone are the days when an organization would choose workspaces only because of its cost-effectiveness. The infrastructure and the experiential environment in a workplace plays a crucial role in keeping employees engaged, empowered, and happy. Artistic touches in workplace design like flooring, wall arts, graffiti, comfortable seating options, bio-phallic architecture, gaming zone, vibrant cafes convey the personality of a coworking site than any larger investments made by the companies. Attention to design and architecture in workspaces gives a big boost in employee productivity. In line with that aim, all Smartworks offices today are state-of-art smart buildings, all tech, and services enabled. The vibrant, colorful, and environment-friendly workspace is designed to suit the needs of the workforce of today, with more open spaces and lesser cabins- this ensures more communication and collaboration.

    Smartworks – Business & Revenue Model

    Smartworks primarily functions on the lease model, where it takes large bare-shell spaces on a long-term lease from landlords. These spaces are then configured as per the client requirements the space for enterprises and other companies looking for an agile co-working space. Our minimum lease term is for three years, and on an average, a client takes about 280 seats, which is 10,000 sq. ft. area. So, we are into a large format play, unlike a regular co-working space. The idea is to move beyond providing space as a rigid commodity and offer workspace as a service based on varied requirements.

    Smartworks – Startup Challenges

    Initially, one of the hurdles that Smartworks faced was challenging the preconceived notions of MNCs and Indian enterprise giants, who were reluctant to leave their comfort zones and trust a coworking space with their operations.

    The team then went on to focus on providing not just an office space, but a holistic office experience. Right from the infrastructure, technology, employee engagement activities, configured offices, we catered to every demand of our customers. At Smartworks, they believe in providing cutting-edge innovation and technology. This decision proved to be a game-changer for the venture because it could successfully add value to its client’s work life in terms of lending vibrancy, boosting productivity and ensuring employee happiness.

    “Today, we feel proud of how we have revolutionized the whole office experience for our clients and have become India’s largest provider of agile workspaces with a growing footprint.” Added Neetish.

    Smartworks – Funding & Investors

    Smartworks has raised $25 million in Series-A funding from Singapore-based real estate giant Keppel Land, on a minority stake. With this strategic investment, the venture will be able to scale up even more rapidly across India’s Tier I cities where it has its presence and further invest in building up our next generation product, improving client experiences, as well as boosting our talent and technology.”

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    Smartworks – Growth

    Smartworks, headquartered in Noida, India is the only homegrown agile workspace provider that has become profitable in India. It has a presence across 40 centres in 14 cities with spanning 8 million square feet across India as of September, 2023.

    The team has consistently built high-quality workspaces dovetailed with impeccable hospitality, design, and technology. Moreover, their key focus areas remain designing, productivity and employee engagement programs to elevate member experience.

    Smartworks’ presence and expansion in all these cities is a testament to its lucrative business model and our massive growth journey over the years. It has recently raised $25 Million from Singapore-based real estate giant, Keppel Land in series-A funding. Smartworks now aim to utilize this strategic funding to expand its footprint and to workstation counts across the cities where it already has a presence.

    Financials

    Smartworks Financials
    Smartworks Financials
    Smartwork Financials FY22 FY23
    Operating Revenue Rs 360 crore Rs 711 crore
    Total Expenses Rs 488 crore Rs 880 crore
    Profit/Loss Loss of Rs 70 crore Loss of Rs 101 crore

    Smartworks – Awards & Recognition

    The awards that Smartworks has won over the years are:

    • Coworking Leader of the Year 2020 (South) Award by Realty Plus, an Exchange4media group publication in Realty Plus Coworking Summit and Awards 2020.
    • Coworking Brand of the Year 2020 – Pune by Realty Plus, an Exchange4media group publication.
    • ET Most Promising Entrepreneur of India at The Economic Times Promising Entrepreneurs of India 2019 event held on March 29, 2019.

    The recognitions under its name are:

    • Smartworks made it to Linkedin’s List of Top 25 Startup companies to work for in 2019.

    Smartworks has also participated in the following conclaves as a keynote speaker:

    • ET Global Summit 2019.
    • ET GBS Summit 2020
    • 11th Edition of CII Realty & Infrastructure Conclave- Commercial Real Estate: Building a Sustainable Future.
    • APREA and NAREDCO’s Real Estate and Infrastructure Investors’ Summit- India – The renewed investment frontier
    • 10th Realty Conclave: Excellence Awards – West – Offices Parks Investor Strategy – Flexibility vs location

    Smartworks – Future Plans

    In the series of growth, it has recently leased out India’s largest coworking facility in Koregaon Park, Pune. It is a 5 Lakh sq. ft. facility and will be operational by 2021.

    “As the entire co-working/ agile workspaces segment grows in India, we believe that constant innovation, customization, as well as customer happiness, will help distinguish Smartworks and its service offerings from other coworking firms in the country. Over the next 4-5 years, we aim to expand to 20 million sq. ft. and provide office solutions for over 200,000 working professionals.” Concluded Neetish.

    Smartworks – FAQ’s

    What is Smartworks?

    SmartWorks offers state-of-the-art serviced workspace solutions for individuals and businesses that want the best of work environments without committing themselves to long-term leases or contracts.

    Who is the founder of Smartworks?

    Neetish Sarda and Harsh Binani are the founders of Smartworks.

    What services does Smartworks provide?

    Envisioned as a reboot of traditional coworking spaces, Smartworks aims to provide entrepreneurs with all the flexibility that they need to succeed in the competitive business environment of today.

    Where is Smartworks located?

    Smartworks is headquartered in Noida, India.

    In which cities Smartworks has its presence?

    It has a presence across all the top 9 metros cities in India with 29 centers in Delhi, Noida, Gurgaon, Mumbai, Bangalore, Pune, Chennai, Hyderabad, and Kolkata with a total footprint of 3.8 million sq. ft.

    Smartworks – Conclusion

    Smartworks aim is to provide a completely managed and configured office spaces with world-class facilities and a collaborative community environment. The core of the business strategy is better employee engagement, employee happiness, and wellness in the workplace. Smartworks has worked on driving collaboration while establishing ways to increase productivity and this enthusiasm has been the driving factor that sets it apart. It’s a unique capability that stems from absorbing global best practices, coupled with hands-on real estate experience forms the foundation of its management strategy.

  • Airbnb- Personalizing accomodations in your budget!

    The idea of welcoming a couple of strangers into your home is scary. And so it letting yourself stay in a strange home is. But almost a decade ago, some brilliant minds saw an entrepreneurial opportunity in this and launched Airbnb. These brilliant minds are none other than Brian Joseph Chesky, Joseph Gebbia, and Nathan Blecharczyk who launched Airbnb in 2008.

    Airbnb Highlights

    Company Name Airbnb
    Headquarter San Francisco
    Sector Hospitality, Travel Accomodation
    CEO Brian Joseph Chesky
    Founded 2008
    Website airbnb.co.in

    Airbnb – About and How it works
    Airbnb – USP and Innovation
    Airbnb – Founders and Team
    Airbnb – How did it start?
    Airbnb – Startup Launch
    Airbnb – Business Model and Revenue Model
    Airbnb – Competitors
    Airbnb – Funding and Investors
    Airbnb – Growth
    Airbnb – FAQs

    Airbnb – About and How it works

    Airbnb is nothing but an accommodation marketplace that provides access to over 6 million unique places to stay comfortably and at their leisure in nearly 100,000 cities and 191 countries. Interestingly, Airbnb also offers access to local communities and interests through more than 30,000 activities run by hosts across over 1,000 markets around the world so that you can be a traveler and not just a tourist. It entered India in 2016. Since its inception in India, the company has around 45,000 listings with Goa being it’s a most popular network with 6000 listings.

    So all in all, one can safely say that Airbnb is an online marketplace that connects locals who want to rent out their house to immigrants who are looking for accommodations in the local area.

    Airbnb – USP and Innovation

    There are quite a few unique selling factors of Airbnb including a combination of factors, but the highlights are primarily the financial ones.

    • The guests who come through Airbnb get good value accommodation with a wide array of price points that the user can choose from. This ranges from a few pounds a night to hundreds and thousands with often such prime locations where a hotel would cost infinitely more than Airbnb accommodations.
    • Airbnb hosts can cash in more on spare space that they have available in their homes. So it’s a win-win for the guests and the hosts and also for the platform, Airbnb.

    Airbnb – Founders and Team

    • Brian Joseph Chesky, CEO – Brian is a very known American technology entrepreneur and also the co-founder and CEO of Airbnb. Chesky was named one of Time’s “100 Most Influential People of 2015”. Chesky attended the Rhode Island School of Design and received his Bachelor of Fine Arts in Industrial Design. Post that, Chesky worked as an industrial designer and strategist at 3DID, Inc. in Los Angeles. And then he went on to co-found Airbnb with his fellow co-founders.
    • Joseph Gebbia, CPO – Joseph is one of the finest designers and Internet entrepreneurs around the globe. Joseph has quite a few recognitions on board like he was listed in BusinessWeek’s Top 20 Best Young Tech Entrepreneurs in the year 2009, followed by being named in Inc. Magazine’s Thirty Under Thirty in 2010, and in 2013, he was named in Fortune Magazine’s Forty-under-Forty.
    • Nathan Blecharczyk – Nate is an American billionaire businessman. He is the co-founder and chief strategy officer of Airbnb. Also, he is the chairman of Airbnb China. Nate is a Harvard Graduate and was working as an engineer at OPNET Technologies before co-founding Airbnb.

    Airbnb – How did it start?

    In case you’re wondering how Airbnb actually started? This is how it did. The Airbnb story is full of determination and adventure. All of it started in 2007 when Airbnb founders Brian Chesky and Joe Gebbia had just moved from New York. They were legit surviving without employment and were having serious trouble paying their rents. So to overcome this situation, they were looking for a way to earn some extra cash. And it’s during this time that the co-founders noticed that all hotel rooms in the city were booked because there were a lot of visitors coming to the local Industrial Design conference.

    The young and talented minds saw an opportunity here and following that, they bought a few airbeds and quickly curated and put up a site called “Air Bed and Breakfast.” Their idea was quite basic and it was all about offering visitors a place to sleep and a lush breakfast in the morning. This freshly turned entrepreneur duo charged $80 to the visitors for each night.

    And it quite turned out that their idea succeeded and the first Airbnb guests were born. And they were a 30-year-old Indian man, a 35-year-old woman from Boston and a 45-year-old father from Utah sleeping on their floor. And that’s how Airbnb was born.

    Airbnb – Startup Launch

    Airbnb started in 2008. But it came to India almost after 8 years of its inception, i.e., in 2016. Soon after Airbnb’s launch in India, it announced a strategic partnership with India’s largest media conglomerate, The Times Group. This association was done in order to expand Airbnb’s operations in the country and build a more channeled and a localized network. It had just been a year after this collaboration that Airbnb launched a travel category called Trips. This was initially available in Delhi and then later expanded to Goa.

    In June 108, Airbnb launched ‘Experiences’ in its ‘Trips’ category to offer its travelers the chance to explore unique destinations by providing them with handcrafted activities powered by locals.

    “We have offered Experiences in New Delhi and Goa and the product is doing quite well. It grew over sixfold last year, and will continue to grow at a very fast rate,” said Nate.

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    Airbnb – Business Model and Revenue Model

    This is how the business model of Airbnb works. Airbnb is an online marketplace, which lets its users rent out their properties or spare rooms to guests. In this process, Airbnb takes 3% commission of every booking from the hosts, and between 6% to 12% from the guests.

    Airbnb offers a plethora of criteria to list for or search property in a particular destination. These criteria range from locating or renting a shared room to a complete house, to having a lavish swimming pool to having basics like TV and washing machines. There are pictures of the property listed on the site, and both the hosts and the guests get a full map listing.

    Airbnb – Competitors

    Though the concept is new and recently gained all its popularity, Airbnb still faces tough competition in India. Its main rival in terms of market standing in the country is a homegrown hospital chain namely, Oyo Hotels and Homes. Though both are different in how they run and operate, they still cross paths as both of their end customers are the same. Oyo mainly operates as a full-stack fulfillment-led model where it normally acquires the entire hotels and homes on a franchise-based or leasing model and then goes on to renovate the same. Whereas on the other hand, Airbnb focuses majorly on the homestay accommodations.

    Airbnb – Funding and Investors

    Airbnb has received an all-round of $4.4 billion in funding over the years and currently is being valued at $35 billion.

    • In January 2009, in just one year of its inception, Airbnb received $20,000 in venture funding from Y Combinator.
    • The next funding round came in April 2009, when Airbnb raised $600,000 from Sequoia Capital, with renowned participants like Youniversity Ventures partners Jawed Karim, Keith Rabois, and Kevin Hartz.
    • This was followed by funding round in November 2010, where the company raised $7.2 million in Series A funding led by Greylock Partners and Sequoia Capital.
    • Then came the mega funding year, July 2011, when the company went on to raise $112 million in financing round which was led by Andreessen Horowitz. Other investors who participated in this funding round were Digital Sky Technologies, General Catalyst Partners, and A-Grade Investments partners Ashton Kutcher and Guy Oseary.
    • In April 2014, Airbnb again closed an investment of $450 million by TPG Capital. Right around the same time, it acquired additional funding by Andreessen Horowitz, Sequoia Capital, Dragoneer Investment Group, T. Rowe Price and Sherpa Capital.
    • Then came the June 2015 funding, when Airbnb raised $1.5 billion in Series E funding. This round was led by General Atlantic, and there was also some huge participation from Hillhouse Capital Group, Tiger Management, Kleiner Perkins Caufield & Byers, GGV Capital, China Broadband Capital, and Horizons Ventures.
    • In September 2016, the company raised a grand amount of $555.5 million in a funding round led by Google Capital and Technology Crossover Ventures.
    • And then again a year later, in March 2017, the company raised $1 billion in funding, which brought its total funding to more than $3 billion and at this point in time Airbnb was valued at $31 billion.
    • It’s latest funding round happened in September 2018, where it came to raise $25.92 million from two undisclosed investors.

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    Airbnb – Growth

    • Airbnb India hosts collectively earned more than to $28 million (over Rs 190 crore) till date
    • The Indian hosts have welcomed more than 800,000 guests
    • Guests in India, through Airbnb, spent $61 daily, on an average
    • Airbnb has seen a steady rise in popularity in India over the years and the number of listings is increasing at an increasing rate of 150%
    • Airbnb’s business in India has doubled over the years
    • On average, 1.8 million Indian have used Airbnb in its 4 years of operations in India
    • Airbnb India recently signed a strategic partnership with its main competitor, OYO Rooms. One of the prospects of this association include listing OYO’s properties on Airbnb
    • Airbnb recently introduced ‘Plus Homes’ in India, where the company is featuring homes with high ratings.
    • Globally, Airbnb has over 2 million listings
    • And is currently active in over 190 countries and 34,000 cities.
    • Airbnb hosts, throughout the world, have hosted over 40 million guests.
    • The company is worth an estimated 35 billion

    Airbnb – FAQs

    What is Airbnb?

    Airbnb is an online marketplace that connects locals who want to rent out their house to immigrants who are looking for accommodations in the local area.

    How does Airbnb work?

    Booking is made through Airbnb where the traveller pays the amount mentioned by the host and some additional money as transaction charges. The host approves the booking. Traveller stays there and finally, Airbnb pays the amount to the host after deducting their commission.

    Who are the competitors of Airbnb?

    Airbnb competitors in India:-

    • HomeToGo
    • FlipKey
    • OneFineStay
    • Vrbo
    • HouseTrip

    What are the rules for an Airbnb?

    Some common house rules examples that many Airbnb hosts include in their listing pages:

    • No loud noise after 11 pm
    • No food or drinks in bedrooms
    • No parties or events
    • No smoking
    • No pets / Pets allowed

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  • Udemy: Story of Online Learning Platform

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

    With everything around the globe turning more and more into the online or internet-based platform, Udemy is an online learning platform that provides to its customers courses’ videos on a good vary of topics like coding, videos and photos editing, personal and professional development, software tutorials, programming courses, and the list goes on and on…

    Recently, Britannia Tiger Krunch has partnered with Udemy for promoting self defense among kids. They have launched defense classes for kids at a special discounted rate.

    India is one of the company’s fastest growing market, with revenue and students doubling year-over-year. A local presence will enable Udemy to continue enhancing and localizing the student and instructor experience.

    “Udemy’s rapid growth in India shows us the level of demand from students, instructors, and companies for affordable skills training. We are dedicated to our mission of improving lives through learning and expanding in India enables us to deliver on that promise,” said Gregg Coccari, CEO of Udemy.

    Udemy- Company Highlights

    Startup Name Udemy
    Headquarter San Francisco, California, U.S
    Sector Online education
    Industry E-learning
    Founders Eren Bali, Gagan Biyani, Oktay Caglar
    Founded May 11, 2010
    CEO Gregg Coccari
    URL www.udemy.com

    Udemy – About
    Udemy – Logo
    Udemy – How It Works?
    Udemy – Founders
    Udemy – Mission
    Udemy – Business Model
    Udemy – Revenue Model
    Udemy – Prices
    Udemy – Courses
    Udemy – For Students
    Udemy – For Instructors
    Udemy – Expansion in India
    Udemy – Funding and Investors
    Udemy – Revenue
    Udemy – Competitors
    Udemy – Awards
    Udemy – Future Plans
    Udemy – FAQs

    Udemy – About

    Udemy offers a powerful platform for self-placed, non-degree learning regarding hard and soft skills to its customers. When you explore the content broadly, there are 13 categories: development, business, finance and accounting, IT and software, office productivity, personal development, design, marketing, lifestyle, photography, health and fitness, music, and teaching and academics. Each category is further divided into subcategories.

    It has a wide range of content and is excellent resources for instructors as well as it provides them with the platform to come forward and sell their designed courses to the people needing the same. Several courses are taught by subject matter experts in languages other than English, including Spanish, French, Japanese, Portuguese, and German.

    Talking about the best course in Udemy being sold to the customers, a generic question arises, where do the courses come from? To which let me enlighten, Udemy invites instructors and teachers who want to design courses and sell them on the platform. So, Udemy not just benefits the students by providing them with the in-demand best courses at their screens by few taps, but also provides a platform to the teachers to sell them to the students.

    One needs a Udemy account for most activities on its platform including purchasing, enrolling in a course or to submit a course for publication.

    The platform has more than 35 million students and 57,000 instructors teaching over 65 languages. There have been over 400 million enrollments. Students and instructors come from 180+ countries and 66% of the students are located outside of the U.S.

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    The Evolution of Udemy Logo

    The Udemy logo is made up of two elements – a symbol and a wordmark. The symbol is handwritten and organic, to emphasize the personal connections being made between our students and instructors. The wordmark, set in practical sans serif type, is the structure and substance that makes their connections possible.

    Udemy – How It Works?

    Udemy works on 4 major lines and aims to provide the following to its students:

    Convenience :

    Udemy provides its students with the freedom to choose what and when to study. If a particular course is made available on the e-learning platform, students can enroll for it whenever they want because Udemy gives lifetime access it. Moreover, there’s no set time limit, so the students get to learn at their own suitable pace.

    Variety :

    Udemy has linked tutors from all around the world who teach a huge variety of subjects from business to the arts. It allows the students to learn whatever they want.

    Affordability :

    Some Udemy courses are free, and some are paid start from as little as $9. There are also a variety of udemy coupons and seasonal sale and discounts which help students to register themselves in courses at dirt rates. They also have an option to choose their preferred method of payment.

    Certification :

    Udemy certification courses adds credibility to your career. Udemy provides various certification courses to add up new skills, upgrade your skill, and enhance your expertise. It issues a certificate of achievement to students, a mark of completion of a particular course. Certificates can be saved as a .pdf or .jpg file so that you can easily share your accomplishment. In addition, certificates can be shared on Facebook, Twitter, and LinkedIn directly from Udemy. The certificate of completion looks like this-

    Udemy Certificate of Completion Sample
    Udemy certificate

    Udemy – Founders

    Udemy was launched by Eren Bali, Oktay Caglar and Gagan Biyani in early 2010.

    Eren Bali, Oktay Caglar and Gagan Biyani, Udemy Co-Founders
    Eren Bali, Oktay Caglar and Gagan Biyani, Udemy Co-Founders

    In 2007, Udemy founder Eren Bali built a software for a live virtual classroom while living in Turkey. He saw potential in making the product free for everyone, and moved to Silicon Valley to find a company two years later.

    “Udemy differentiates in two major ways. First, students can learn on their own time. Many other services provide the ability to host live learning with teachers, but it is critical for students to learn via recorded content (videos and written articles) as well. Second, it develops a community around the course. We provide features so students can easily interact amongst each other and their instructor,” said -Gagan Biyani, (Indian-American) Co-Founder of Udemy

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    Udemy – Mission

    With a mission to improve lives through learning, it is the largest online learning destination that helps students, businesses, and governments gain the skills they need to compete in today’s economy. They enable anyone anywhere to create and share educational courses(instructors) and to enroll in these educational courses to learn(students). More than 35 million students are mastering new skills from expert instructors teaching over 130,000 online courses in topics from programming and data science to leadership and team building.

    For companies, Udemy for Business offers an employee training and development platform with subscription access to 7,000+ courses, learning analytics, as well as the ability to host and distribute their own content.

    Udemy for Government is designed to upskill workers and prepare them for the jobs of tomorrow. It is privately owned and headquartered in San Francisco with offices in Denver, Brazil, India, Ireland, and Turkey.

    Udemy – Business Model

    Udemy business model maintains a vigorous platform between instructors and students. Instructor create online courses as per their expertise and these are bought by students. It charges instructors a fee for every course sale made on its platform. The fee depends on how the user was acquired. It ranges from 3 to 75%.  Additionally, it charges students annual subscription that gives its businesses (and their employees) access to the platform’s content.

    Udemy – Revenue Model

    Instructor Fees

    There is no fee to create or host courses in Udemy. The firm makes money whenever a student purchases a course.

    Consequently, revenue is shared with instructors. Depending on how the student was acquired, a different instructor fee applies.

    This edtech Company has three revenue share tiers that it applies to its instructors:

    • Instructor Promotion: The student discovers the course through a coupon or referral link issued by the instructor. In this case, the instructor receives 97 percent of the revenue. An additional administration fee of 3 percent is applied by Udemy.
    • Udemy Organic: Organic sales occur whenever a student browses the e-learning platform and finds a course he/she is interested in. Furthermore, no instructor coupon is used when purchasing the course. In this scenario, Udemy and the instructor share 50 percent of the sales. Udemy charges a 30 percent fee for any sale made through the company’s Android or iOS app.
    • Paid Acquisition: In some instances, Udemy buys advertising slots on other platforms like Google, Facebook, or YouTube. Whenever students buy courses through paid marketing channels, Udemy takes a 75 percent cut of each course sale. Instructors can limit the amount of times and types of channels in which their courses are promoted.

    For Business

    Udemy For Business, as the name indicates, is tailored towards companies and their employees. Udemy for Business host courses including development, design, IT and software, data science, office productivity, management, marketing, personal development, project management, sales, among others.

    Leading companies in India, including Wipro, Tech Mahindra, and Tetrasoft are using Udemy for Business so their employees can learn the latest skills and deliver the most innovative solutions for their customers. “We use Udemy for Business because we want to provide a learning platform for our employees across the globe where they can learn anytime, anywhere. With short bite-sized lectures and some of the best professors globally, our employees like learning on the platform because it’s easy to pick up new skills,” says Anurag Seth, VP & Head of Talent Transformation at Wipro, a leading global information technology, consulting, and business process services company.

    It offers two subscription plans, depending on the size of the team. The team plan is aimed at learning groups of 5 to 20 users. The company will have to pay $360 per year and user. Consequently, the Enterprise plan is suitable for all teams above 21 or more users. Hereby, pricing is available upon request by contacting it’s sales team. Furthermore, the Enterprise plan offers a few additional features. These include custom categories and learning paths, no language limitation (the Team plan is limited to English only), custom user groups, tracking user activity, Slack integration, and many more.

    Udemy – Prices

    With so many perks attached to its name, this is another generic question. There are both paid and free courses on Udemy. But to describe it in layman terms, nothing worth comes for free. So, yes the free courses aren’t as up to the mark as the paid ones. One needs to pay for Udemy courses one by one or can get access to more than 4,000 any time with a Business subscription. Unfortunately, the price is a little high, and you need a minimum of five people for a Business account. Some popular online learning platforms feature a membership system, but Udemy is a pay-per-course service. Udemy Courses ranges from $9 to $300, and the company frequently hosts sales.

    It accepts international debit and credit cards, e-payments and bank transfers. The company offers a 30-day money-back guarantee.

    Udemy – Courses

    The expert turn of events and programming courses are strikingly like the ones you can discover on LinkedIn Learning with proficient teachers. From the student’s viewpoint, you’re generally watching a talking head and incidentally perusing list items or synopses that show up on the screen.

    You can discover the frail substance and self-serving educators if you burrow. One can even let the instructor know the doubts while studying the course which the instructor/teacher answers accordingly. The doubts and questions of other users which have been already answered by the instructor also appear to the student which helps in solving their doubt at earliest.

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    Udemy – For Students

    Every learner or student has to have a Udemy account to enroll or purchase a course. As the student purchases a course, it gets saved under ‘my learning’. The student can study them accordingly. The progress made while studying them is also displayed to the user including the number of sections completed. Just like any other shopping website, here we can wishlist a course if we’re not prepared to buy the same at that very moment.

    When you discover a course, you can examine an in-depth description of that course, requirements to start it, what to expect at the end of the course, whether or not the course includes a certificate on completion and so forth.

    The flesh and bone of each course are videos. Videos generally are grouped into sections. So, a course might be 3 hours long, however, each video might not be greater than 10 minutes. This is how a course is divided into sections.

    The format enables teachers to ensure their courses are genuinely structured. By having sections and brief videos, instructors have to break their content material into specific, digestible pieces. this setup facilitates students to see the overall scope of the course beforehand. It additionally makes it smooth for students to pause and take a break from their course once they want to. Having brief videos additionally, lets newbies effortlessly repeat something they failed to apprehend or need to refresh. And it is beneficial in case you have a few revels in with the subject count already because you could skip any videos that include what you already know. Students can even rate the courses accordingly.

    Udemy – For Instructors

    Anybody proficient and confident in a field can turn into a teacher on Udemy. In beginning as an educator, Udemy offers tools and understanding to assist you with making a decent course. There is no fee to be an instructor on Udemy. Instructors are paid according to a revenue share model of the company. When a student buys a course on the marketplace, revenue is shared between instructor and the company, according to revenue share model. It offers tips, outlines and information concerning what sorts of courses students are searching for. The site likewise reveals to you whether the quantity of courses presently offered is per the interest, in addition to the normal and top-procuring month to month wages in this subject zone. Courses must have at least 30 minutes of video content and at least 5 lectures or learning modules.

    In order to ensure that students have great learning experiences, Udemy also have a Quality Review Process that every course goes through.

    In order to create paid courses, you’ll need an active PayPal or Payoneer account. Instructors can connect a PayPal or Payoneer account to their Udemy account. They are paid on a monthly basis.

    In addition to the Udemy’s standard lecture uploader, they offer the ability to upload materials in bulk or import them via Google Drive, Box, Dropbox, and other file storage tools.

    Udemy’s Marketplace Insights they offer robust reporting on student demand, search volume, and revenue for a particular topic to help you decide what to teach. If no data exists for a topic the want-to-be-instructor-person is searching, it likely means that there’s an opportunity to fill this gap in the Udemy marketplace and he/she should get started right away. While success as an instructor on the e-learning platform is not guaranteed, this tool offers some powerful data to help you make your decision.

    As an instructor, you have the option to enroll in the Udemy Deals Program, which is made up of two marketing channels that spotlight your course(s) in different ways. Enrolling in the Udemy Deals Program gives company the option to promote your course, at a discount. Selection for promotion is not guaranteed. In addition, they provide instructors with extensive articles, resources and features at online platform to help you effectively market your course(s).

    Udemy – Expansion in India

    For Udemy, after the US, India is the second largest market catering to the requirement of professionals wanting to learn new skills or upgrade their skills.

    “It has started talks with both the Center and various State governments for using its platform to train their staff,” said Irwin Anand, Managing Director, Udemy India.

    Udemy MD, India- Irwin Anand

    “With over 20 million employees, the Government is one of the biggest sectors to be tapped. Udemy works with the Governments of Japan and Singapore.In India, we have millions of students as customers and thousands of instructors teaching students from around the world. Every year, nearly 7 million graduates pass out of colleges, but not many are employable. The traditional way of education in India is not sufficient for people to be productive at work. Udemy with its practice-oriented courses help people to learn the right skills and get into the job market,” Anand said.

    Udemy – Funding and Investors

    Udemy has raised a total of $223M in funding over 9 rounds. Their latest funding was raised on Feb 19, 2020 from a Series E round.

    Date Stage Amount Investor
    Feb 19, 2020 Series E $50M Benesse
    Aug 1, 2019 Secondary Market – Manhattan Venture Partners
    Jun 2, 2016 Series D $60M Prosus and Naspers
    Jun 2, 2015 Series D $65M Stripes
    May 8, 2014 Series C $32M Norwest Venture Partners
    Dec 7, 2012 Series B $12M Insight Partners
    Oct 12, 2011 Series A $3M Lightbank
    Aug 1, 2011 Seed Round – –
    Aug 31, 2010 Seed Round $1M –

    Winter Capital Joins Series F Funding Round in 4th Quarter of 2020 to expand its edtech portfolio. The capital raised will enable Udemy to continue growing its consumer and business product offerings to serve the world’s students, organizations, and instructors.

    Udemy – Revenue

    Udemy’s estimated annual revenue is currently $653.9M. It’s estimated revenue per employee is $165,000. Like any startup in growth mode, it does not share any revenue metrics with the public. Due to ongoing expansions into new markets as well as spending on product development and new hires, it can be assumed that the company remains unprofitable for now.

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    Udemy – Competitors

    The cost of online learning is all over the map. Some companies charge a membership fee while others sell access to specific classes only. As mentioned, Teachable lets instructors sell courses at prices they set, rather than offer a membership. The Great Courses is similar. Every course is priced individually.

    Top competitors of Udemy are Coursera and Khan Academy. Other competitors include Linkedin learning, Udacity, Skillshare and Master Class.

    Udemy – Awards

    Udemy has won awards at major competitions such as VatorSplash and the ASU Education Innovation Summit. Also, blogs such as TechCrunch, Mashable, ReadWriteWeb.

    Udemy – Future Plans

    Udemy is an interesting and evolving concept that focuses on the transfer of knowledge, rather than fetching a diploma. The wide variety of content and instructors available at affordable rates and the exceptionally personal pace of learning make it a very convenient method of attaining skills. With the world becoming more advanced and technophile, their businesses have huge horizons unlocked for themselves. For the time, it remains non-profitable.

    Udemy – FAQs

    Who are the founders of Udemy?

    Udemy was founded by Eren Bali, Gagan Biyani, and Oktay Caglar.

    What is Udemy?

    Udemy is an online-based learning platform that provides its customers numerous courses on a variety of topics like development, business, finance and accounting, IT and software, office productivity, personal development, design, marketing, lifestyle, photography, health and fitness, music, teaching, and academics.

    Is Udemy accredited?

    Udemy is not an accredited institution. Each completed Udemy course includes a certificate, but the certificate can’t be used to seek formal accreditation.

    How long are Udemy courses?

    Every course has a specific duration associated with it. Once the course is purchased, the consumer has lifetime access to their selected courses.

    What Platform is Udemy built on?

    Python is the base language on which the Udemy platform is built on. For Database, Udemy uses MySQL.

    Is Udemy cheap?

    Udemy courses are priced based on the market, though the company does host sales(Udemy sale), and sometimes an instructor offers discounts to increase sale volume.

    Is Udemy recognised?

    Certificates of completion help demonstrate your accomplishments, but please note Udemy is not an accredited institution, and as a result, the certificates cannot be used for formal accreditation.

    Is Udemy an Indian comapany?

    No, Udemy is an American company, privately owned and headquartered in San Francisco with offices in Denver, Brazil, India, Ireland, and Turkey.

  • Workday: Business Solutions By Enterprise Cloud Applications

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

    Workday, Inc., is an American on‑demand (cloud-based) financial management and human capital management software vendor. It offers business solutions by Enterprise Cloud Applications like Financial Management, HCM, Analytics & Reporting, Enterprise Planning, and others. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle’s hostile takeover of PeopleSoft in 2005.

    According to the founders, their curiosity led them to create something new—a finance, HR, analytics, and planning system that evolves as business evolves, and a company that’s out to do right by employees, customers, and the world.

    Workday – Company Highlights

    Startup Name Workday, Inc.
    Headquarters Pleasanton, California, U.S.
    Industry Software , Cloud Computing
    Founded March 2005
    Founders Aneel Bhusri and David Duffield
    Services Software, Recruiting, Human Resources
    CEO Aneel Bhusri
    Total Valuation US$ 3.63 billion (As of 2019)
    Area Served Worldwide
    Website www.workday.com

    Workday – About and How it Works?
    Workday – Recent News
    Workday – Logo
    Workday – Founder and History
    Workday – Mission
    Workday – Business Model
    Workday – Revenue and Growth
    Workday – Funding and Investors
    Workday – Investments
    Workday – Acquisitions
    Workday – Competitors
    Workday – Challenges Faced
    Workday – Future Plans
    Workday – FAQs

    Workday – About and How it Works?

    Workday overview

    Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies.

    As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working. Its applications include Workday Finance Management, Workday Human Capital Management (HCM) and Other Applications.

    It also provides open, standards-based Web-services application programming interfaces, and pre-built packaged integrations and connectors. Workday Financial Management is a unified application with a range of financial capabilities, relevant analytics and metrics, and auditable process management. Workday HCM allows an organization to staff, pay, organize and develop its global workforce.

    Workday – Recent News

    As of January 2021, Workday launched COVID-19 Vaccine Management Solution to Enable Organizations to Protect and Support their Workforce.

    With a customer community representing more than 45 million workers, Workday is supporting global organizations as they manage their people and finances throughout the pandemic. The vaccine management solution expands on the Workday Return to Workplace offering and helps enable organizations to securely access worker immunization insight, plan return to workplace scenarios, support worker well-being, and establish new operating models to adapt as vaccines become available. In addition, Workday offers customers configurability to control and securely manage the data and protect their employees’ privacy.

    Workday Logo
    Workday Logo

    Workday logo has a sunrise symbol and Workday text. In its entirety, the logo lockup projects the Workday brand.

    Workday – Founder and History

    In 2005, software visionaries Aneel Bhusri and David Duffield, Workday Founders, met at the  Jax Truckee Diner outside of Lake Tahoe in California. They decided to form a startup – One that would sell cloud based applications for finance and HR. The two long term friends had plenty of experience.

    Dave had founded PeopleSoft in 1987 and served as the company CEO and chairman of the board. Aneel had held a number of leadership positions at PeopleSoft, including senior Vice President of product strategy. On that day in 2005, they resolved to build a company that would revolutionize the enterprise Software market. The result is Workday.

    Aneel Bhusri and David Duffield, Workday Founders
    workday founder

    Workday was founded in March 2005 and launched in November 2006. Initially, it was funded by Duffield and venture capital firm Greylock Partners. In December 2008, Workday moved its headquarters from Walnut Creek, California to Pleasanton, California, where PeopleSoft founder Duffield’s prior company, was located.

    Workday – Mission

    Workday’s mission statement says, “To bringing passion and customer focus to the business of enterprise applications.”

    Workday – Business Model

    Workday’s business model entails designing and developing software and maintaining its cloud-based platform for customers.

    Workday makes money by selling subscriptions to its services rather than selling the software outright. Expenses are booked up front when it signs on a new customer but the associated revenue is recognized over the life of multiyear agreements. In first quarter 2016, Workday announced annual revenue in excess of $1 billion for the first time ever in fiscal year 2016.

    Workday
    Workday

    Microsoft Vs. Apple Business Model
    Microsoft and Apple are the two largest companies in the world. The business model of Apple is based on customer-centric devices and innovation. Microsoft’s business spanned across Windows, Office products, Gaming (Xbox), Hardware, Web search engine (Bing), Cloud, LinkedIn, etc.
    StartupTalkyATHUL C K

    Workday – Revenue and Growth

    Year Amount Percentage Change From Last Year
    2020 $3.627B +28.52%%
    2019 $2.822B +31.69%
    2018 $2.143B +36.12%

    Workday – Funding and Investors

    Workday has raised a total of $230.6M in funding over 6 rounds. Workday funding was raised on Oct 24, 2011 from a Series F round. Workday is funded by 8 investors. Janus Capital Group and Morgan Stanley are the most recent investors.

    Date Round Amount Lead Investors
    Oct 24, 2011 Series F $85M Bezos Expeditions, Janus Capital Group, Morgan Stanley, T. Rowe Price
    Apr 29, 2009 Series E $75M New Enterprise Associates
    Sep 5, 2007 Series B $20.3M –
    Jan 19, 2007 Series B $20M –
    Dec 28, 2006 Series A $15.3M –
    May 17, 2005 Series A $15M –

    Workday – Investments

    Workday has made 5 investments. Their most recent investment was on Jan 22, 2020, when tealbook raised $5M.

    Date Organization Name Round Amount
    Jan 22, 2020 Tealbook Seed Round $5M
    Oct 18, 2017 Duo Security Series D $70M
    Mar 2, 2016 Landit Seed Round $5.9M
    Jun 16, 2015 Tidemark Series F $25M
    Dec 17, 2013 Datameer Series D $19M

    Workday – Acquisitions

    Workday has acquired 14 organizations. Their most recent acquisition was Scout RFP on Nov 4, 2019. They acquired Scout RFP for $540M.

    Acquiree Name Date Amount About Acquiree
    Scout RFP Nov 4, 2019 $540M Scout RFP is an innovative e-sourcing solution for companies in all industries.
    Trusted Key Jul 18, 2019 – Trusted Key provides consumers and organizations with a secure digital identity solution.
    Stories Jul 17, 2018 – Stories automates data analysis using graph AI. It delivers 50x faster analysis and personalised insights worth ~20% of revenue.
    Workday Adaptover Planning Jun 11, 2018 $1.6B Workday Adaptive Planning is powering a new generation of business planning with the Business Planning Cloud.
    Rallyteam Jun 8, 2018 – Rallyteam provides an internal mobility platform that enables companies to better understand and utilize their people.
    SkipFlag Jan 16, 2018 – A knowledge base that builds itself.
    Pattern Jul 24, 2017 – Pattern is an intelligent workspace that eliminates grunt work so you can spend more time on what matters — your customers
    Platfora Jul 21, 2016 – Platfora offers a big data analytics platform helping companies get insights into the events, actions and norm times of their business.
    Zaption Jun 30, 2016 – Zaption’s publishing platform turns passive video into active learning experiences.
    MediaCore Sep 29, 2015 – MediaCore provides a solution that enables educational institutes to capture media, build a media library and store content.

    Workday – Competitors

    The top 10 competitors in Workday’s competitive set are SAP, Oracle, Ultimate Software, ADP, Ceridian, Microsoft, Anaplan, Infor, Epicor, Sage.

    Workday – Challenges Faced

    As a company expands across geographies and product lines, it becomes more challenging to consistently assess and report on performance, putting management at greater risk of making the wrong decisions. The same happened with Workday. Workday Financial Management is the company’s foray into a much larger, yet more competitive, market.

    The total addressable market for financials is estimated to be $27 billion. The company has also begun providing financial and human-resource analytics tools that have a market potential of $19 billion. The company has shown early success in these markets, but it will need to continue to win customers and take market share for the stock to be a success going forward.

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    Workday – Future Plans

    “All of us are counting on technology getting cheaper to get to profitability. We’re not thinking that we’re going to need to raise prices 50 percent to get to profitability,” Aneel Bhusri said.

    “All the [cloud] companies are now in high growth mode. As they get into slower growth mode where a lot of the customers are just renewing after their three-year contract is up and you don’t apply any sales and marketing costs, those customers become a lot more profitable.”

    According to the CEO, right now the team is more focused on the revenue growth and they’re investing for that growth. Bhusri said there’s still considerable scope for the firm to expand across the globe, with the point where there might be a dwindling supply of new customers still far in the future. For the moment Workday’s expansion remains impressive but Bhusri suggests it’s worth looking at the growth figures in detail.

    Workday – FAQs

    What does Workday do?

    Workday is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management (HCM), and analytics applications designed for various companies, educational institutions and government agencies.

    Who founded Workday?

    Aneel Bhusri and David Duffield founded Workday.

    What is a Workday profile ?

    Your Workday profile contains basic information about you and can be viewed by other employees.

    What companies do Workday compete with?

    The top 10 Workday competitors are SAP, Oracle, Ultimate Software, ADP, Ceridian, Microsoft, Anaplan, Infor, Epicor, Sage.

    How does Workday make money?

    Workday makes money by selling subscriptions to its services rather than selling the software outright. Expenses are booked up front when it signs on a new customer but the associated revenue is recognized over the life of multiyear agreements.

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  • Veda Labs- Helping retailers get more and real-time customer insights

    Footfall counting or counting the number of customers visiting the store is crucial for retail stores. From performance of a promotional strategy, to staff efficiency and calculating sales conversion rate, many insights can be gained from the footfall data, and this is the reason why retail shops has been doing footfall counting over the years. While the ancient system of counting store visitors included manual counting and counting through a manual clicker, newer techniques include infrared counters, thermal cameras, WiFi analytics etc. Now with the entry of AI, footfall counting has become even more simple and insightful. Gurgaon based startup Veda Labs is harnessing AI to help retail businesses get more and real-time insights out of their footfall data, thus empowering the retails store owners and managers to take better decisions for crowd management, staff management, for enhancing customer experience and more. We interviewed Veda Labs co-founder Veer Mishra, to get more details about the startup.

    Veda Labs Highlights

    Startup Name Veda Labs
    Headquarter Gurgaon
    Sector Artificial Intelligence
    Founder Veer Mishra, Vivek Singh, Saurabh Shandilya & Saurabh Yadav
    Founded 2018
    Parent Organization Macherlabs Private Limited
    Website www.vedalabs.in

    About Veda Labs
    Veda Labs – Founders
    The Idea Behind Starting Veda Labs
    Veda Labs – Name & Logo
    Veda Labs – Business Model
    Veda Labs – Funding
    Veda Labs – Marketing Strategies
    Veda Labs – Challenges
    Veda Labs – Advisors & Mentors
    Veda Labs – Awards & Recognitions
    Veda Labs – Growth & Future Plans
    Veda Labs – FAQs

    About Veda Labs

    Veda Labs is a super easy platform to adapt. All it needs is the existing CCTV camera. Once the solution is installed, it automatically connects to the cameras and performs all sorts of analytics like total footfall, age & gender of each walking in customer, along with repeat customer count & in-store consumer journey. Veda Labs uses computer vision and machine learning to offer deep and real time insights that retail businesses can use to enhance their operations.

    Veda Labs lets you monitor which part of your store is more crowded and which is less crowded through heat maps
    Veda Labs lets you monitor which part of your store is more crowded and which is less crowded through heat maps

    Not just retail stores, Veda Labs’ solutions can also be used in supermarket, restaurant, shopping mall, airport or any other real estate to gets analytical data on the visitors. CCTV footage being important for accurate analysis, Veda Labs also sends real time alerts if someone tampers with the CCTV infrastructure.

    Veda Labs sends an alert when someone tampers with the CCTV infrastructure
    Veda Labs sends an alert when someone tampers with the CCTV infrastructure

    Covid – 19 has brought with it new norms that needs to be followed at retail spaces or any other spaces where public gathers. To make it easier for businesses to ensure safety of their customers and staff, Veda Labs has now also come up with a Covid – 19 AI kit, that allows to keep a real-time check on parameters like social distancing, mask detection, fever screening, space occupancy and sanitization alerts.

    Veda Labs' AI solutions uses Real Time CCTV Footage for Footfall Counting and providing various insights
    Veda Labs’ AI solutions uses Real Time CCTV Footage for Footfall Counting and providing various insights

    Veda Labs – Founders

    Vivek Singh, Veer Mishra, Saurabh Shandilya and Saurabh Yadav are the founders of Veda Labs. The founders met at a Coworking center in New Delhi & quickly bonded over the common interest in AI and machine learning. Their passion to invent solutions using AI later lead to founding of  Veda Labs in 2018.

    Veda Labs Founders Saurabh Yadav, Saurabh Shandilya, Vivek Singh & Veer Mishra (Left to Right)
    Veda Labs Founders Saurabh Yadav, Saurabh Shandilya, Vivek Singh & Veer Mishra (Left to Right)

    Vivek Sing is CEO of Veda Labs. Vivek held technical and managerial positions at companies like Confetti India Pvt Ltd (a paper machine equipment manufacturing company), Industrial automation company ‘Rockwell Automation’ and Singapore based trading company ‘Trafigura’. Vivek also founded a automobile care and servicing startup ‘Torque – HP’, which he exited in 2016. Another Ai based startup founded by Vivek Sing is Corseco Technologies. Vivek is a BE in Electronics from Nagpur University and did MBA from Symbiosis Centre For Management and Human Resource Development, Pune.

    Veer Mishra is the CMO of Veda Labs. A serial entrepreneur, Veer Mishra has over 11 years of experience across startups. Veer holds a Bachelor of Engineering (BE) in Electronics and Electronic Engineering. As the Chief Marketing Officer, Veer aims to create a strong brand recall through delivering the right set of campaigns to reach the relevant audiences at Veda Labs. With a deep knowledge in building and scaling AI products in the past, he works closely with the product development team as well as the sales team. Through the role at Veda Labs, Veer heads Strategic partnerships and has been focusing a lot on exploring international exposure and partnerships. Veer has multiple fields of interests, from hosting TVV shows (A unique podcast talking about all the crazy aspects of startups which feature industry leaders), designing graphics and at times even ideating about space technologies. Veer has also had the experience of being a TedX speaker at XIE, Mumbai in March 2019. The topic highlighted was Raising the capital to build the best in Tech and AI for a startup.

    Veer Mishra is into film making too, as he started his professional journey as a filmmaker with his venture oasIs Production. Heading the operations for his venture mYwindow, under Veers leadership the gross sales grew from $0 to $150K in just 4 months. The venture moved from being bootstrapped to being cash rich. He also began Neuron, an Artificial Intelligence platform which uses Machine Learning as a core tech wherein he was responsible for leading the entire design team and Business Development. At Project Guerrilla, he helped Portfolio startups with strategies in Digital Growth. Suggesting technology hacks and helping them understand the user psychology.

    Veda Labs CTO Saurabh Shandilya is a B.Tech in Electrical, Electronics and Communication. He started his career with ATRIM Electronics Private Limited, an Electrical and  Electronic products manufacturing company as an Embedded Engineer. He also worked as a Research Scholar in Carnegie Mellon University where he researched on how  to use Electronics for efficient solar power utilization. Saurabh worked as Senior System Engineer with Aviation & Aerospace company, Omnipresent Robot Tech, and later founded IoTfy, a company that provided enterprise IoT solutions for consumer durable in 2015. Saurabh exited IoTfy in 2017, to join Veda Labs as a co-founder.

    Saurabh Yadav is the Head of AI at Veda Labs. He is a BTech in Electronics and Communication, and started his career as an Intern in Bharat Electronics. From 2013-2016, Saurabh worked with technology company Qualcomm. Saurabh Yadav also worked with Omnipresent Robot Tech as a Senior System Engineer before joining Veda Labs.

    Veda Labs Teams
    Veda Labs Teams

    The Idea Behind Starting Veda Labs

    In late October 2017 all the founders were sipping coffee in a co-working space in Delhi, and having an intense talk on the possibilities of AI & ML, when they stumbled upon the idea to to use AI to analyze the real time CCTV footage. They realized that this idea holds great potential, and so Veda Labs was started to put this idea into practice.

    “With all our research and past experience in the field of AI, we were aware of the state of the AI on edge & realized that if we can create a EDGE platform that works on existing CCTV cameras, we will be able to have a huge breakthrough in making everyday CCTV cameras smart.” quotes Veer

    The Global Retail Analytics Market
    The Global Retail Analytics Market

    In the early days, the Veda Labs team worked with a few retailers very closely & tested their solutions over 100s of CCTV cameras for over 100,000 hours of videos. Based on the feedback received from all the early customers, the product was molded to develop the best viable product for retail customers.

    Monitor Customer Footfall Trends with Veda Labs' AI Solutions
    Monitor Customer Footfall Trends with Veda Labs’ AI Solutions

    The Veda Labs founders were on a business road trip to meet a potential client where we they were brainstorming on what could be the name of the startup. With deep fascination in ancient Veda scriptures, the team decided to name it Veda Labs.

    The company’s Logo was simply made on Photoshop, and it simply represents A to Z behavior of Veda Labs Video analytics company.

    Veda Labs Logo

    Veda Labs – Business Model

    Veda Labs is a B2B SaaS company which has a fixed monthly retainer every month for each store/location in which the company’s analytics services are deployed.

    Veda Labs – Funding

    Veda Labs has raised 4 rounds of funding till date. Below are the details-

    Date Stage Amount Investors
    December 2017 Pre-Seed $50,000 Mr. Manish Gupta
    December 2018 Seed Round $60,000 Alchemist accelerator
    Auguse 2019 Angel Round $300,000 Satin Neo Dimensions
    2020 Pre-Series Undisclosed Mr.Kumar Rangarajan, Mr. Vasu Devan, Mr. Gnani Palanikumar

    Veda Labs – Marketing Strategies

    The features of the platform were launched individually and for each launch the Veda Labs team targeted potential customers and channel partners.

    The company got its first few customers through word of mouth and direct sales, but now Veda Labs has an established channel for sourcing potential customers.

    Veda Labs – Challenges

    As a retail analytics company, it was a very evident challenge when COVID and lockdown hit the market. It was extremely essential the company to rapidly innovate and adjust to the new normal. Thus the company tweaked its existing solutions and built a COVID Safety Kit that allows retailers to monitor the real time occupancy of the store/floor, also measures the temperature of each walking consumer along with if that person is wearing a mask or not.

    Veda Labs – Advisors & Mentors

    • Mr. Mukesh Mowji
    • Mr. Ravi Belani (Prof. Stanford & Founder of Alchemist Accelerator)
    • Mr. Satvinder Singh

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    Veda Labs – Awards & Recognitions

    • YourStory Tech30 2019
    • RBL Top Startup of the year
    • Analytics India Magazine TOP AI startup 2019-20

    Veda Labs – Growth & Future Plans

    Veda Labs has established key partnerships across the globe which has resulted in LOIs (Letter of Intent) for more than 4000 locations. The startup has a pipeline of more than $2Mn in revenue wrt the LOIs.

    As for the future, the Veda Labs team envisions to build more solutions that are backed by technology to help retailers and enterprises grow their businesses with real time insights.

    Veda Labs – FAQs

    What is Veda Labs?

    Veda Labs is an AI platform that helps retailers to grow their in-store conversions with real-time analytics and consumer insights.

    Who is the founder of Veda Labs?

    Veer Mishra, Vivek Singh, Saurabh Shandilya & Saurabh Yadav.

    How does Veda labs work?

    Veda Labs uses existing CCTV infrastructure to perform video analytics that present business insights like total footfall, demographic overview, customer journey, and heat maps. It also provides the capability to end customers for tagging and identifying blacklisted people on the premises.

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  • MySmartPrice-An Online Platform to Compare Prices

    With all the portals online that provide effortless shopping experience online, it becomes difficult for the consumers to determine the best prices of their desired products. To make this task handy and simpler, Sulakshan Kumar and Sitakanta Ray founded MySmartPrice in 2011.

    Read this article to know more about MySmartPrice, how it works, founders, business model, revenue model, challenges, competitors, funding, wiki, and growth.

    Company Highlights

    Startup Name MySmartPrice
    Headquarter Hyderabad, India
    Sector E-commerce, Price Comparison
    Founders Sitakanta Ray, Sulakshan Kumar
    Founded August 2011
    Legal Name MySmartPrice Web Technology Pvt. Ltd.
    Website mysmartprice.com

    MySmartPrice – About & How It Works?
    MySmartPrice – How It Was Started?
    MySmartPrice – Founders & Team
    MySmartPrice – Business & Revenue Model
    MySmartPrice – Startup Challenges
    MySmartPrice – Competitors
    MySmartPrice – Funding & Investors
    MySmartPrice – Growth
    MySmartPrice – FAQ’s
    MySmartPrice – Conclusion

    MySmartPrice – About & How It Works?

    MySmartPrice is an online engine that compares the prices of mobiles, books, electronics, cameras, and appliances thereby helping consumers make the best decisions.

    MySmartPrice mainly helps users solve two basic problems: what to buy, and where to buy. So this platform facilitates the online shopping experience by providing product comparison. Also for categories like footwear and fashion, MySmartPrice has a range of filters like best discounts that help the platform to come up with a consolidated bestseller list with the popular products and their specifications. So all in all, the idea is to provide the users with the best deals but also provide information about all the deals.

    So basically, what MySmartPrice does is that it lists the prices of all the products across top eCommerce sites. Because of the dynamic pricing models of the e-commerce portals, these prices are periodically refreshed by MySmartPrice to improve the accuracy of the product pricing. In the cases of extremely popular products, the prices are refreshed every 15 minutes.

    This portal makes sure that all possible discounts are informed to the user with embedded coupons so that the user can make wiser purchases. The co-founders had initially started the portal with books and then they gradually moved to mobile phones, comparing prices of various stores. Soon the mobiles category picked up, this portal attracted over 1 Million users a month. The co-founders in the long run also plan to list every single product that is sold in the Indian online space, on the MySmartPrice website.

    “If it is sold online in India, it is available on MySmartPrice”, says Sulakshan.

    MySmartPrice is all about letting the consumers make a smart and informed decision about their shopping aesthetics. Hence it’s USP is the portal that lets them compare the product prices across all the major platforms like Amazon, Flipkart, ShopClues to name a few.

    MySmartPrice – How It Was Started?

    MySmartPrice Logo

    “We had been planning an entrepreneurial journey for almost eight years but could not muster enough courage. Finally, we felt it was now or never,” said Sitakanta Ray.

    Sulakshan Kumar and Sitakanta Ray met in 1998 when they joined NIT Rourkela. After taking their degrees, both the co-founders joined Oracle in Hyderabad. From there they parted ways when Ray joined IIM Bangalore and Kumar joined Infosys.

    “Odd as it may seem, I spent time studying management but handled engineering and marketing, while Sulakshan pursued engineering but is today involved in management,” added Sitakanta Ray.

    What unites the co-founders is their zeal to take on their entrepreneurial journey. For both of them, their chance at the entrepreneurial journeys looked perfect with the price comparison/shopping research platform for the Indian market ideally because it involved the expertise of both product development and technology. And that’s how Sulakshan Kumar and Sitakanta Ray decided to launch their venture – MySmartPrice.

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    MySmartPrice – Founders & Team

    Sulakshan Kumar and Sitakanta Ray are the founders of MySmartPrice.

    Sulakshan Kumar & Sitakanta Ray | Co-Founders, MySmartPrice.

    Sulakshan has a Bachelors’ in Mechanical engineering. He is an alumnus of NIT Rourkela, and also has worked with Sitakanta at Oracle. Before launching MySmartPrice, Sulakshan had also worked at Infosys.

    Sitakanta is an alumnus of the prestigious IIM Bangalore, with around seven years of working experience with big names Oracle and ICICI Bank.

    MySmartPrice – Business & Revenue Model

    MySmartPrice as a website allows users to take a detailed look into the best products ranging from mobiles, electronics, computers, fashion and lifestyle, cameras, books, appliances, and personal care. As we know that the price comparison engine on the portal enables users to find the best price, deals, and offers from major e-commerce stores.

    So directly or indirectly, it allows users to access over 10 million products from more than 100 online and offline stores. MySmartPrice also provides exciting things like coupons, offers, gifts without hiding information. MySmartPrice gets revenue as a service paid for each successful transaction done through the portal.

    This portal has partnered with a lot many online and offline stores and there it charges a commission for lead generation. With conversion rates going up, revenues also rise. More than 80% of the revenue for MySmartPrice comes from the affiliate income i.e., a commission from promoting affiliate products on the site, and close to 18% of the revenue is generated from advertising and online directory services.

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    MySmartPrice – Startup Challenges

    One of the major challenges MySmartPrice faced was when they started in 2010. This challenge was a limited budget. So to reach their target audience, it stuck to its core value of creating a robust product and focusing on Search Engine Optimization to get the first few customers onboard. This tactic really helped the company in developing a strong product range and retaining a large customer base.

    There was one other challenge that the company faced in its initial days of inception. It was the very hurdle of attracting the right talent in the organization. However, MySmartPrice as a company never compromised on the kind of human resources it was looking for to build a team. To date, acquiring the right people continues to remain a big challenge, but the problem today is to choose the right talent rather than attracting more candidates.

    MySmartPrice – Competitors

    MySmartPrice has quite a few competitors in the market. For instance, Smartprix is perceived to be one of the biggest rivals of the company. Other competitors include companies Buyt, PriceRaja, Junglee, PriceDekho, MagicPrix, to name a few.

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    MySmartPrice – Funding & Investors

    MySmartPrice has received total funding of around $12 million till now.

    Date Stage Amount Investors
    2012 Seed Round $370K Helion Venture Partners, Accel Partners
    January 2014 Series A $1 Million Helion Venture Partners, Accel Partners

    MySmartPrice is funded by 2 investors – Helion Venture Partners and Accel Partners.

    MySmartPrice – Growth

    Initially, the company had ventured into just offline listing. Soon it went on to online and offline listings in cities like Hyderabad, Bangalore, and Delhi MySmartPrice claims to have offline partners generating business worth $2-3M every month. More than 4 million users across the country make use of the service every month.

    MySmartPrice – FAQ’s

    What is MySmartPrice?

    MySmartPrice is an online engine that compares the prices of mobiles, books, electronics, cameras, and appliances thereby helping consumers make the best decisions.

    Who is the founder of MySmartPrice?

    Sulakshan Kumar and Sitakanta Ray are the founders of MySmartPrice.

    What services does MySmartPrice provide?

    MySmartPrice mainly helps users solve two basic problems: what to buy, and where to buy. So this platform facilitates the online shopping experience by providing product comparison.

    Who are the investors of MySmartPrice?

    MySmartPrice is funded by 2 investors – Helion Venture Partners and Accel Partners.

    Who are the competitors of MySmartPrice?

    Smartprix is perceived to be one of the biggest rivals of the company. Other competitors include companies Buyt, PriceRaja, Junglee, PriceDekho, MagicPrix, to name a few.

    MySmartPrice – Conclusion

    MySmartPrice is a high-growth venture-backed startup that runs the largest comparison shopping site in India with over 20 Million user visits per month. They help people easily find ‘what to buy’ and ‘where to buy from’ and help them make better and wiser purchases. The company is present across multiple categories including Mobiles, Electronics, Computers, Books, Apparel and Shoes, Fashion accessories, Home décor etc. MySmartPrice aims to provide users with the best price of products both among online stores as well as the local retailers near them.

  • TallyDekho (Tally Mobile App) – Accounting Made Simple

    Today, we can access anything and everything with just a touch of our fingers. Be it global news updates or locating the local sweet shop. In this digital age, it was still a problem that Tally ERP9 software was an offline application and there was no access to it outside the desktop. To successfully conquer this problem, Mr. Ashish Agarwal came up with the TallyDekho mobile application in 2019. This application helps the user check the Tally ERP9 mobile app data anytime, anywhere.

    Read more about the Tally Mobile Software, TallyDekho Founder, Company Profile, Funding, Challenges, Logo, Growth etc. here!

    TallyDekho Highlights

    Startup Name TallyDekho
    Headquarter Jaipur
    Founder Ashish Agarwal
    Sector Software service provider
    Founded 2019
    Parent Organization Alcodes Mobility Pvt. Ltd.
    Website tallydekho.com

    About TallyDekho and How it Works
    TallyDekho – Target Market
    TallyDekho – Founders and Team
    How was TallyDekho Started
    TallyDekho – Name, Tagline and Logo
    TallyDekho – User Acquisition
    TallyDekho – Business Model and Revenue Model
    TallyDekho – Startup Challenges
    TallyDekho – Funding and Investors
    TallyDekho – Advisors and Mentors
    TallyDekho – Future Plans
    TallyDekho – FAQs

    About TallyDekho and How it Works

    TallyDekho is a tally mobile app that helps the user access all the TallyDesktop App data on mobile. TallyDekho’s USP is that it uses Google Drive to store the data rather than a third party servers. The data is synced in real-time. Ownership and control of the data lie with the user only.

    The app is very user-friendly and can be used by just following these simple steps-

    • Install the TallyDekho desktop application
    • Sign in with your Google account and then Authorize so that data can be saved on the drive.
    • Install the mobile application and create your account.
    • Go to Settings>Account Pairing click on Scan the QR code and scan the QR code printed on the TallyDekho Desktop app.
    • Desktop App will control which data to show on the mobile app.
    • After these steps, the respective data can be accessed on mobile.

    The core belief behind this startup is that time is the most expensive resource. And so the idea is to build products that let businesses save time and create value for the business.

    TallyDekho Product Video – tally mobile app

    TallyDekho – Target Market

    As said by Ashish, there are approximately 10 Million Tally ERP 9 users, and TallyDekho targets to win them all.

    The TallyDekho team did their research with Tally Distributors and Chartered Accountants. There is X number of practicing CAs in India and each CA has Y number of average clients (Businesses). For bookkeeping 95%+ business use Tally ERP.

    The team currently doesn’t have the exact numbers. But since government policies are forcing businesses to come into the mainstream, the requirement for the organized structure is increasing. And when it comes to accountancy in India, you can’t ignore Tally ERP.

    TallyDekho – Founders and Team

    Ashish Agarwal is the founder of TallyDekho. Formal education has not much to do with success, which is proven yet again by Ashish Agarwal. He is a school drop out but has come up with such an innovative concept of TallyDekho. Presently Ashish is the CEO of TallyDekho.

    Vishal Gupta is the CTO of TallyDekho. He holds an MCA degree, and has 15+years of experience of working with industry biggies like IBM and MTS.

    Manu Saxena is the Project Head at TallyDekho. A B.Tech by qualification, Manu has 8+ years of experience with companies like CarDekho and Accenture.

    Nisha Chaudhary is Project Analyst at TallyDekho and a B.Tech by qualification.

    The founding team has worked together in different projects for five years before starting TallyDekho.

    Regarding the division of responsibilities, Ashish takes care of overall execution. Vishal looks after the entire tech and data part. Manu looks after the whole application and tech team and Nisha is taking care of operations and business development.

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    How was TallyDekho Started

    The idea and inspiration came from small businesses, where they don’t have a full-time accountant. The founders took insight from the fact that accounting is the heart of any business and they needed to create something to bring it in the control of business owners.

    As we know, Tally ERP is offline, and already has a big market as of today. So they discussed this problem with a few business owners and chartered accountants and then developed a prototype and did a small market test.

    The initial idea was to create an application for tally reports and GST return/airway bills etc. But when they stepped into the market, they realized that this product can solve a serious problem and can benefit businesses in various aspects but it was important to keep the application lean and clean. Since every piece of information is not required, it took them time to understand the volume of need. Because overburdened information kills the real idea.

    The founding team discussed the idea with their business friends, chartered accountants, and few accounts professionals. However, it was not accepted by all at once and it took effort to make people understand.

    Initially they could not understand the importance. But when we explained how you can make decisions on expenses, how you can save late fees to departments. And it has lot of value. Then they had ore ideas on importance of this solution – Ashish says

    The idea behind the name “TallyDekho” is the fact that people see their reports on mobile. The team always wanted Hindi touch to the name as the product was mainly designed for small and medium businesses. Hence they decided the name to be ‘TallyDekho’.

    When they thought about the tagline and discussed it with the team, everyone suggested that it is related to the account so they can use ‘Hisaab-Kitaab’. Another one said the data can be seen on fingertips so ‘Ungliyon’ word can be used and finally they came up with “Hisaab Ungliyon Pe“.

    Also, they came up with one more tagline while discussing the introductory video, as they are accessing the accounting data with security so the tagline becomes ‘Ab karein Hisaab, Data ki Suraksha ke sath‘.

    Tally Dekho Logo
    TallyDekho Logo

    TallyDekho – User Acquisition

    With their experience with other ventures, they knew that a good product only needs word of mouth marketing. And they did the exactly that. In just 2 hours of campaign 500+ chartered accounts and 200 businesses signed up with them.

    TallyDekho – Business Model and Revenue Model

    The  is subscription based. They are looking at somewhere between INR 999 to 1499 per user for an annual subscription. They also have re-seller margins since they are the front face of the product so they are considered equal partners.

    TallyDekho – Startup Challenges

    Requirement gathering was a problem since every business is unique in its nature of work. It was a difficult task for them to understand common problems from all businesses and deliver them a standard product.

    TallyDekho – Funding and Investors

    In 2019, TallyDekho raised an undisclosed amount of seed funding from Mr. Nirmal Bardiya, an investor from Jaipur.

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    TallyDekho – Advisors and Mentors

    There are two chartered accountants in the TallyDekho advisory board, who guides them on various aspects.

    TallyDekho – Future Plans

    TallyDekho is targeting the 10 Million Tally Users in the country and abroad. They want to have maximum market share and increase product utility by further business offerings.

    TallyDekho – FAQs

    What year did Tally Software start?

    In 1986, founded by Tally Solutions.

    What is ERP?

    Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology.

    Who is the founder of TallyDekho?

    Ashish Agarwal is the founder of TallyDekho.

    How can I get Tally in Mobile?

    Just follow 3 steps:

    1. Download the desktop app on the PC where your tally is installed.
    2. Create your account and select companies you want to see on your mobile.
    3. Download the mobile app and sign-in using the same credentials

    Which is the latest version of Tally?

    The latest version under Tally ERP 9 Release 6 series is Release 6.2, which was launched on 29th October, 2017.

  • Bajaj Finserv – Learn How To Manage Money Effectively

    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.

    Finance is a word which everybody has come through and will be going through for perhaps ages also. People love money, love to become rich but most of them don’t know how to manage money. It’s not about hope, but it’s all about proper management.

    Read the Bajaj Finserv success story below.

    Bajaj Finserv – Company Highlights

    Company Name Bajaj Finserv
    Headquarters Pune, India
    Sector Finance
    Founder Jamnalal Bajaj
    Founded May 2007
    Parent Organization Bajaj Group
    Website bajajfinserv.in

    Bajaj Finserv – About
    Bajaj Finserv – Startup Story
    Bajaj Finserv – Founder And Team
    Bajaj Finserv – Business Model
    Bajaj Finserv – Revenue Model
    Bajaj Finserv – Investments
    Bajaj Finserv – Growth
    Bajaj Finserv – Competitors
    Bajaj Finserv – Future Plans
    Bajaj Finserv – FAQ’s
    Bajaj Finserv – Conclusion

    Bajaj Finserv – About

    Bajaj Finserv is a popular firm in the marketplace for loans and money building. It fulfils the dreams of the common people. It provides all types of loans such as personal, home, business loans, etc. It is also engaged in life and general insurances.

    Bajaj Finserv – Startup Story

    Bajaj Finserv Logo

    The company began in April 2007. It was the resultant of the demerger from Bajaj Auto Limited as a separate element to completely focus on the financial services business. The process got completed in February 2008. This was done not only to unlock the value of the business growth in the areas of finance, insurance, etc. but also to strengthen the core businesses. This demerger has facilitated the investors to hold separate stocks and transparent benchmarking of the companies in their respective industries. The constantly changing Indian economy has led to the creation of different customer requirements.

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    Bajaj Finserv – Founder And Team

    Jamnalal Bajaj, Founder, Bajaj Group

    Jamnalal Bajaj is the founder of the company. He is an industrialist. He is the founder of the Bajaj Group of companies. He was very close to Mahatma Gandhi. He was born in 1889, near Rajasthan in a well-to-do Marwari family. He was the third son of his parents. Later, he was adopted and got settled in Maharashtra. After adoption, he was into the family business. During that period, he gained the qualities of a skilled tradesman, bookkeeping and selling and buying of commodities. With time he improved in his task and founded the Bajaj group of industries.

    Bajaj Finserv – Business Model

    The company especially focuses on insurance, lending, asset and wealth management. Apart from this it also focuses on it’s existing customers. The company considers sustainability to be a very important aspect. Satisfying customers is the main task of the company. This results in a recommending thing. The more customers are satisfied the less the company worries about achieving new customers. It aims at continuous improvement, change and reinvention. Detailing of the loans and all kinds of facilities are accessible within their portal. Creation of trust is a kind of obsession for the company.

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    Bajaj Finserv – Revenue Model

    The company earns money by attracting a large number of customers with zero cost EMI schemes. But in reality, there’s always a thing called processing fee which works behind the entire procedure. In case of any late payment, interest can go up to 35 to 40% a year. It also provides various offers to its customers to create a large database. It is done to ensure greater sales. Tie-ups lead to a big amount of revenue income.

    Bajaj Finserv – Investments

    Bajaj Finserv has made 3 investments till date.

    Date Organization Name Transaction Name Money Raised
    December 21, 2019 Karvy Data Management Corporate Round –
    October 5, 2019 Federal Transport Private Limited Debt Financing $28,000
    August 3, 2017 MobiKwik Series D Rs 2.3 billion

    Bajaj Finserv – Growth

    There’s a continuous growth seen in the records of the company. Of the total income in September the quarter rose to INR 6,609.34 crores from INR 4,632.81 crores in 2018. Interest income grew by 37.62%. The amount increased from 4,465.61 crores to 6,145.97 crores. Commission income and fees also increased. It jumped from INR 259.36 crores to INR 628.37 crores. Revenues from the insurance business grew to INR 7,904.85 crores from INR 5,403.69 crores.

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    Bajaj Finserv – Competitors

    The top competitors of the company are IDFC FIRST Bank, Shriram City and Mahindra Finance.

    • IDFC FIRST Bank is the top rival of Bajaj Finserv. It was founded in 2015 and is headquartered in Mumbai, Maharashtra, India. It is a Public company. It works within the Diversified Financial Services industry.
    • Shriram City is also one of the top rivals of Bajaj Finserv. It was founded in 1986 and is headquartered in Chennai, Tamil Nadu, India. It competes in the Diversified Financial Services field.
    • Mahindra Finance is one among the top competitors of Bajaj Finserv. It is headquartered in Mumbai, Maharashtra, India. It works in the Diversified Financial Services field.

    Bajaj Finserv – Future Plans

    The insurance business witnessed a pickup in activities currently. The company is aiming towards improving the asset quality of the business and the earnings growth. Product innovation is also being expected to keep the insurance business healthy.

    Bajaj Finserv – FAQ’s

    How can I talk to a Bajaj Finance customer care executive?

    You can reach us on 8698010101 (call charges applicable) for your loan and EMI Network Card-related queries. If you are calling from a non-registered mobile number, please keep your 7-digit customer ID or EMI card number handy for verification.

    Is Bajaj FD safe?

    Your savings are safe with a Bajaj Finance online FD, which is accredited with the highest safety ratings of FAAA by CRISIL and MAAA by ICRA. These high ratings indicate the highest safety of deposit and timely repayments.

    How can I get a 50000 instant loan?

    Meet urgent funding requirements with an instant personal loan of 50,000 Rupees from Bajaj Finserv. Fulfill minimum eligibility criteria and complete a hassle-free application process to receive instant approval and quick disbursal of INR 50,000 loan. Avail of the advance without providing any collateral.

    How can I check my Bajaj EMI card eligibility?

    Firstly, the eligibility criteria require you to be between 21 and 60 years of age with a steady income and a good credit history. You should also have a residential address and a bank account in India. After this quick check, you can instantly sign up for the Bajaj Finserv EMI Card if you are eligible.

    Is Bajaj Finance good investment?

    Though company fixed deposits come with some risk, Bajaj Finance FDs ensure that you have nothing to worry about. They carry the highest credit ratings of FAAA by CRISIL and MAAA by ICRA. These ratings indicate that your investment is safe and that you will receive the maturity returns on time and in full.

    Bajaj Finserv – Conclusion

    Bajaj Finserv is a company that approves loans and funds in accounts within 24 hours. It is a part of Bajaj Holdings & Investments Limited. It is a financial services company. It especially focuses on insurance, lending and asset and wealth management.