Tag: Technology Platform

  • Scalefusion: Empowering Businesses Globally with Effortless Device Management Solutions

    The evolution of the use of mobile devices at workplaces has been rapid over the past decade, especially after the pandemic. Remote and hybrid workplaces are thriving, while the in-office device ecosystem differs from before. This is precisely where SaaS solutions for enterprise mobility, like mobile device management (MDM) and unified endpoint management (UEM), have come to the forefront. MDM or UEM have transformed from good-to-have to must-have solutions for modern workplaces. 

    The global unified endpoint management market continues its growth, with a projected compound annual growth rate of 22.4% from 2023 to 2030. One UEM solution that is stirring up the mobility quotient for enterprises (big or small) is Scalefusion. Scalefusion is a top mobile device and endpoint management software that helps businesses worldwide secure and manage their device fleets.

    In this article, we will get to know Scalefusion up close and personal.

    Scalefusion –  Company Highlights

    STARTUP NAME Scalefusion
    Headquarters Pune, Maharashtra, India
    Sector Information Technology, Unified Endpoint Management
    Founder Arnab Chakraborty, Harishanker Kannan
    Founded 2014
    Website scalefusion.com

    Scalefusion – About
    Scalefusion – Industry
    Scalefusion – Founders and Team
    Scalefusion – Startup Story
    Scalefusion – Vision and Mission
    Scalefusion – The Brand Name
    Scalefusion – Product & Features
    Scalefusion – Business and Revenue Model
    Scalefusion – Launching Company Strategies
    Scalefusion – Customer Growth and Retention Strategies
    Scalefusion – Challenges Faced
    Scalefusion – Most Successful Marketing Campaign & Strategy
    Scalefusion – Growth
    Scalefusion – Marketing Strategy
    Scalefusion – Recognition and Achievements
    Scalefusion – Funding
    Scalefusion – Competitors
    Scalefusion – Future Plans

    Scalefusion – About

    Scalefusion is the flagship product of ProMobi Technologies. It is a mobile device and endpoint management platform. Since its launch in 2015, Scalefusion has been on a steady trajectory of growth and evolution. The company has achieved numerous milestones along the way, like the Android Enterprise Gold Partner badge, recognized by G2 in its 2024 report as Leader in Winter and High Performer Enterprise. Scalefusion was also recognized by G2 in various prestigious categories in its 2023 report—one of the best IT management products, best support, high performer, users most likely to recommend, fastest implementation, and best-estimated ROI. 

    Scalefusion is also positioned in the Midmarket Context: Magic Quadrant for UEM by Gartner, recognized as a Great Place to Work, and has achieved a high Capterra rating of 4.7/5. Throughout this journey, Scalefusion has consistently delivered on its mission to provide world-class customer service and make device management simple and effortless for businesses worldwide.

    Scalefusion | The Next Gen 

    Scalefusion – Industry

    The UEM industry has experienced remarkable growth since the onset of the pandemic. With the sudden shift to remote work, companies sought effective ways to manage their dispersed workforce. Among the exciting developments on the horizon, the Scalefusion team anticipates a surge in the adoption of IoT-based solutions in various business applications bolstered by the widespread rollout of 5G technology.

    The key question is no longer “if” or “when” these innovations will take root, but rather “how” well-prepared businesses are, in harnessing these technologies to drive superior business outcomes. The responsibility for efficiently managing these cutting-edge solutions often falls on MDM/UEM solutions like Scalefusion. It’s the age of disruptive technologies; to be at par, Scalefusion wants to continue to do what it does best—keep customer needs at the focal point of everything.

    Scalefusion – Founders and Team

    Arnab Chakraborty, Co-Founder & CTO and Harishanker Kannan, Co-Founder & CEO of Scalefusion
    Harishanker Kannan (left) and Arnab Chakraborty (Right) – Co-Founders of Scalefusion

    Arnab Chakraborty and Harishanker Kannan co-founded Scalefusion. As the CEO, Harishanker oversees the strategy and day-to-day operations of Scalefusion, taking charge of hiring, legal, growth, and expansion functions. His role includes setting the overall strategy and direction for the company. Arnab is the CTO at Scalefusion. He leads product development, engineering, support, and design. Basically, he is all things tech! 

    Arnab and Harishanker initially crossed paths as colleagues in 2007, working for a product-based startup. Driven by a deep conviction, their shared passion for startups led them to brainstorm into an entrepreneurial venture. Subsequently, they gained valuable experience working in other organizations, learning the processes necessary to launch a successful venture. In 2014, the dream was realized, and Arnab and Harishanker founded ProMobi Technologies, Scalefusion’s parent company.

    Today, the Scalefusion family has grown to a close-knit team of 200. It stands by 7 core values: empathy, respect, communication, curiosity, innovation, ownership, and impact. The founders firmly believe that the behavior of leaders in a company significantly influences its culture. They take pride in the fact that they’ve been successful in imparting these values from team leaders to their extended teams. Arnab and Harishanker have cultivated an office atmosphere where people are eager to work and inspired to contribute innovatively. 

    The ProMobi approach to hiring is straightforward: prioritize passion, character, integrity, and drive. Once an individual joins the team, the organization assumes the responsibility of providing them with opportunities for personal and professional growth

    Scalefusion – Startup Story

    The journey of Scalefusion (formerly known as Mobilock Pro) commenced in 2014. What began as a basic Android kiosk-based locking application evolved into a comprehensive device and endpoint management solution. Initially, it was launched as a standalone, free Android app on the Google Play Store to gauge market interest. The dashboard was based on what customers asked for. In turn, customers themselves helped the company get the Product Market Fit. 

    Scalefusion’s vision was to simplify mobile devices and endpoint management, a vision the team wholeheartedly realized. Today, it proudly positions itself as an MDM/UEM solution dedicated to streamlining the device management journey, removing complexity from the equation.

    The Scalefusion journey started as a product primarily focused on serving SMBs in the Android device management niche. However, it expanded its horizons, extending MDM capabilities to encompass iOS, macOS, Windows, and Linux management. This transformation marked a significant shift as it evolved from an Android and SMB-centered solution to a full-fledged MDM provider suitable for small, medium, and large-sized businesses.

    Scalefusion – Vision and Mission

    The Scalefusion mission is to simplify endpoint management for companies worldwide with a customer-centric approach, and it strives to foster a culture that places the customer at the centre of everything it does. 

    Scalefusion’s long-term vision is to be a global leader in mobile device and endpoint management, providing innovative solutions to businesses of all sizes. It aims to be the go-to solution for organizations looking to streamline their device management processes and improve their overall security posture. The goal is to continuously evolve the platform to meet the ever-changing needs of a connected world and to be at the forefront of the endpoint management space. Scalefusion is committed to expanding its solution set, widening its presence in key markets, and building strong partnerships to deliver excellence to our customers. 

    At Scalefusion, the core belief is that technology should empower businesses, not complicate them. And so, it focuses on making its dashboard experience as easy as possible. Through this, it wants to empower IT admins to manage devices and endpoints effortlessly and streamline IT operations.

    Scalefusion – The Brand Name

    When deciding on a name, the company sought something straightforward and reflective of its core value proposition. The name “Scalefusion” was chosen, derived from the concept of the “fusion of endpoints at scale,” effectively encapsulating the essence of what the company does.

    Scalefusion: Logo
    Scalefusion: Logo

    Scalefusion – Product & Features

    Scalefusion is a mobile device and endpoint management solution that helps IT admins manage, monitor, and secure organization devices like laptops, mobiles, smartphones, PCs, tablets, rugged devices, and digital signage. It supports the management of Android, Windows, Linux, iOS, and macOS platforms across different industry verticals. 

    In simple terms, if a company has 200 devices used by its workforce, Scalefusion helps the IT administrator manage and monitor these 200 devices. Organizations can remotely push and manage configurations, content, and applications to meet business needs. Enterprise IT teams can remotely resolve/troubleshoot device issues and have a ubiquitous view of the devices on one single console, which is the Scalefusion dashboard. Scalefusion offers a variety of device enrollment options, including Bring Your Own Device (BYOD). BYOD is set to be a massive trend in modern workplaces, and Scalefusion is in sync with this through features like Android Management API (AMAPI) BYOD enrollment. 

    Scalefusion’s USP lies in the simplicity of our solutions, seamless integration, and top-notch security features. Some of the major technologies that we work on are Ruby on Rails, Java, React, Angular, Kotlin, C#, .NET, C++, Objective-C, and Swift, built on a network stack of HAProxy, NGInx, ELK, and other tools.

    Scalefusion – Business and Revenue Model

    Scalefusion’s pricing structure is designed with flexibility in mind, catering to businesses of various sizes and their feature requirements. As of 2024, the pricing starts with an ‘Essentials’ plan, priced at just $2 per device per month. Next up is the ‘Growth’ plan at $3.5 per device per month, offering additional features and capabilities. For those seeking a top-tier offering, the ‘Business’ plan is available at $5 per device per month, providing a comprehensive set of tools. For large organizations with complex use cases, the ‘Enterprise’ plan is available at $6 per device per month.

    In addition to these competitive pricing options, Scalefusion provides valuable benefits to its customers, such as the flexibility to customize solutions to meet specific needs, purchase licenses in bulk and activate them in batches, and the convenience of reusing licenses for lost or damaged devices.

    Scalefusion follows a subscription-based revenue model, offering a predictable and cost-effective approach for businesses. It established partnerships with key players in the APAC, US, EMEA, and LATAM regions to support global expansion. These partnerships are integral to Scalefusion’s mission of extending its reach to diverse markets and geographies, ensuring its solution and features are accessible and effective for businesses worldwide.


    Best startup Growth Strategies and Tips to grow the Startups
    There are many challenges while running startups. So, scalability is possible only with best startup growth tips and hacking strategies. Here are some tips for startup growth.


    Scalefusion – Launching Company Strategies

    In 2014, the free version of our product, which was initially called MobiLock, was launched on the Play Store. By then, the mobile device management industry had been around for quite some time in a niche category. People were downloading and using the MobiLock app, and this motivated the team to start working on the backend of its mobile locking software, which was later named MobiLock Pro.

    Securing the first 100 customers was an incredibly rewarding experience. Right from the outset, the team was committed to two fundamental principles. First was providing exceptional customer support, wanting to be there for its customers every step of the way. During those days, the team consisted of about five people, all taking on the customer support role.

    Second, the team focused on the concept of ‘instant gratification’. It wanted to create a user-friendly, intuitive solution with a simple learning curve. Instant gratification happened when the customers could easily enroll 100 devices on our dashboard in just 5 minutes. This immediate positive feedback helped Scalefusion build a group of satisfied customers.

    Scalefusion – Customer Growth and Retention Strategies

    To facilitate further growth, alongside the initial two strategies, Scalefusion’s focus shifted to engaging with small and medium-sized businesses (SMBs). Given their typically smaller teams and instances where the founder often doubles as the IT person, SMBs tend to require straightforward solutions for their simpler processes. So, Scalefusion targeted SMBs and helped them solve the challenges they faced with their enterprise mobility management. This approach provided valuable insights into various industries and an understanding of the diverse nature of operations across different companies and startups. The experience prepared the team for the next phase of Scalefusion’s business development.

    Moreover, Scalefusion strongly emphasized broadening partnerships and establishing region-wise teams, with a particular focus on ensuring proficiency in local languages. This strategic approach enabled the company to immerse itself in diverse markets and better comprehend the unique needs of customers across regions. As a result, Scalefusion successfully established extended teams in LATAM and APAC, enhancing its capability to connect with and cater to the specific requirements of different regions.

    Scalefusion: Customers Feedback
    Scalefusion: Customers Feedback

    Scalefusion – Challenges Faced

    The most challenging part was scaling the team. From the initial phase, the founders have strived to build a core team that is dependable enough to lead their respective domains, be it product, engineering, marketing, sales, HR, and operations. Scaling people, teams, and processes while retaining the company’s values was challenging. It developed a carefully sanitized hiring process and constant in-house mentoring to overcome this. And things have worked out well.

    As a self-funded startup, effectively managing finances was another challenge during the early days. The company implemented a strategy of establishing monthly targets to ensure a consistent positive cash flow. As it began generating revenue, it extended its financial runway from three months to six months and beyond, but closely monitoring our expenditures was a hurdle we initially faced.

    Scalefusion: Device Management Solutions
    Scalefusion: Device Management Solutions

    Scalefusion – Most Successful Marketing Campaign & Strategy

    Scalefusion’s marketing strategy during its initial years differed significantly from its current approach. With a primary focus on small and medium-sized businesses (SMBs), the marketing tactics were centered on inbound strategies. This approach proved beneficial, particularly given the limited team size at that time, as it negated the necessity for extensive customer education. Conversions were swift, as Scalefusion delivered precisely what the target audience sought.

    The emphasis was placed on organic channels, including SEO and user-friendly content on the Scalefusion website and blog. Early on, geo-marketing was also incorporated. Maintaining a tone that avoided excessive corporate jargon and intricate content was pivotal in Scalefusion’s success, preventing overwhelming its customers.

    Over time, the marketing strategy evolved to capitalize on the simplicity of the Scalefusion dashboard. The positive feedback for the straightforward and easy-to-use interface prompted a campaign with the tagline ‘It’s Simple. It’s Scalefusion.’ This campaign was prominently featured across Scalefusion’s website, campaign pages, videos, and social media. The success of this campaign was evident in the increased website visits, demo calls, and signups.

    Scalefusion – Growth

    Scalefusion is headquartered in Pune, India, with other offices in Gurugram and Bengaluru. It also has overseas offices in France, Mexico, the USA, Canada, and Latin America. It has recently shifted to a new and owned office space that reflects its company culture and values.

    Scalefusion was recognized as a leader by G2 in Winter 2023 and in Gartner’s Midmarket Context: Magic Quadrant for UEM. Additionally, it has a Capterra rating of 4.7/5 for its service. The Customer Satisfaction Score (CSAT) has been consistently 95% for three years.  

    During its course, Scalefusion has garnered the trust of 8000+ customers—Radisson, Magna, Go Air, Decathlon, and Talabat—to name a few. 

    Scalefusion – Recognition and Achievements

    Here are the Top Recognition and Achievements of Scalefusion:

    • Android Enterprise Gold Partner
    • G2 recognized Scalefusion as the Leader in Winter 2024
    • Scalefusion MDM Listed #36 in G2’s list of the Best IT Management Products for 2023
    • Positioned in the Midmarket Context: Magic Quadrant for UEM by Gartner

    Scalefusion –  Funding

    No funding has been raised; Scalefusion is a 100% bootstrapped company.


    Everything about Bootstrapping a Startup | How to Bootstrap a Startup?
    Bootstrapping Startups promotes innovations. Bootstrapping business is to focus on ideas, innovation. Growth of bootstrapped startup depends on revenue obtained.


    Scalefusion – Competitors

    Some of the top competitors of Scalefusion are:

    • ManageEngine Endpoint Central
    • Microsoft Intune
    • Workspace ONE
    • Jamf Pro
    • Hexnode UEM
    • IBM Security MaaS360
    • SureMDM
    • Citrix Endpoint Management

    Scalefusion -Future Plans

    Over the next two years, Scalefusion’s strategic roadmap will encompass regional expansion and enhancing the product’s feature set. One significant development on the horizon is introducing support for managing Chrome OS, offering a broader spectrum of compatibility.

    To streamline the enrollment process for companies that lack individual company IDs for their workforce, Scalefusion has launched OneIDP, its inbuilt user identity and access management (IAM) solution. This innovation will make onboarding smoother and more accessible for our clients.

    Furthermore, Scalefusion aims to extend the reach of the product by forging substantial partnerships within the EMEA region. These collaborations will be pivotal to its pursuit of expanding its market presence and serving a more comprehensive range of businesses.

    The long-term roadmap foresees the integration of a multitude of devices, especially as the future promises an increasing role for AI, IoT, and self-service devices for public use. Thus, Scalefusion has already started leveraging AI with the introduction of AirThink AI in 2023. In the future, Scalefusion is determined to bolster its AI capabilities further in the endpoint and device management space. Consequently, managing, controlling, and securing endpoints and devices and the associated data will continue to become imperative.

    FAQs

    Who are the founders of Scalefusion?

    Arnab Chakraborty and Harishanker Kannan are the co-founders of  Scalefusion.

    Which operating systems does Scalefusion support?

    Scalefusion MDM provides support for managing Android, iOS, macOS, Windows, and Linux devices.

    What is the long-term vision of Scalefusion?

    Scalefusion long-term vision is to be a global leader in mobile device and endpoint management, providing innovative solutions to businesses of all sizes.

  • Recordent: Credit Management Platform to Secure Your Business Growth

    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 Recordent.

    Credit management reinforces a company’s liquidity and improves cash flow if done properly. Credit management helps in managing customer risks and accounts receivables. There are several businesses running on credit terms. Such businesses need timely payments and a transparent cash-flow management. Recordent helps them in managing payments. Recordent is a tech-driven platform that provides credit management services to SMEs, rental companies, and large corporates. Their services helps in providing better and transparent cash-flow management and builds trust among customers which consequently helps in securing business growth.

    Read the Success story of Recordent and know more about the startup, founders, the idea of starting up, business model, and its journey towards growth.

    Recordent – Company Highlights

    Startup Name Recordent
    Headquarters Hyderabad
    Industry Re-inventing Credit Management
    Founded 2020
    Founders Harish Mamtani and Winny Patro

    Recordent – About
    Recordent – Industry
    Recordent – Founders and Team
    Recordent – Idea & Startup Story
    Recordent – Name, Tagline, and Logo
    Recordent – Business Model & Revenue Model
    Recordent – Product & Services
    Recordent – Marketing
    Recordent – Challenges Faced
    Recordent – Funding
    Recordent – Revenue
    Recordent – Recognition and Achievements
    Recordent – Partnerships
    Recordent – Future Plans
    Recordent – FAQs

    Recordent – About

    Recordent, is an innovative technology platform focused on providing credit management services, enabling businesses in their secured growth. Their solutions are designed for better cash-flow management and business expansion while creating trust and transparency in seller-buyer relationships through data.

    Recordent’s long term vision is to enable trust and accountability for businesses that offer a service, credit or a loan to their customers. The Recordent team work with a single aim to empower businesses to reduce their credit and financial risks through its solutions.

    Recordent – Industry

    Recordent largely operate for the SMEs industry. The current market size stands at $27 bn. Recordent takes valuable information from reports of Atradius, TransUnion & BCG along with the Govt. MSME ministry website.

    In terms of the market growth, Recordent anticipate a 20% YoY growth for the coming 5 years.


    List Of Government Schemes for Startups in India
    The Indian government is doing a lot to encourage and promote entrepreneurship. This StartupTalky post discusses some of the schemes launched to support Indian startups.


    Recordent – Founders and Team

    Harish Mamtani is the founder of Recordent, and Winny Patro is the co-founder.

    Harish Mamtani - Co-Founder of Recordent
    Harish Mamtani – Co-Founder of Recordent

    Harish comes on board with exceptional experience in the education sector. He is the Founder & board member of Seed Schools that was founded in March 2013 to invest in and provide curriculum, training, and management services to high quality low-cost private schools (LCPS) in India. He is also the board member for SoftWear Automation, a company disrupting the $100 billion sewn products industry by creating autonomous sewn good worklines for Home Goods, Footwear & Apparel. Harish Mamtani is more focused towards fundraising, partnerships and growth for Recordent.

    Winny Patro is the CEO & Co-Founder of Recordent.

    Winny Patro - Co-Founder of Recordent
    Winny Patro – Co-Founder of Recordent

    Winny Patro manages Day to day operations and running the company. He comes with over 12+Years of work experience in public sector, entrepreneurship, business consulting and coaching. Currently, he is spearheading and managing the day to day operations and running of Recordent.

    Harish & Winny met in 2017 for a social media impact project. Since, Winny was working with government bodies, and that was the first time they spoke. In around 2019, they were quite concerned and shared similar thoughts on the current MSME industry’s payment cycles and credit risks involved. They came together in a quick thought and wanted to start a company that could solve the standing issues for the MSME sector. And that is how the journey for Recordent began.

    Recordent Team
    Recordent Team

    They are now a team of 35+ driven individuals and subject matter experts that have been working on Recordent’s goals to achieve a scenario where businesses are at a position to make sound decisions in terms of finance, and overall credit reduction.

    Recordent – Idea & Startup Story

    Delayed customer payments was a pain point that both Harish and Winny Patro experienced in the companies that they were running earlier. Their inspiration came from this shared peril where they began thinking on the lines to find a startup that could provide solutions for delayed payments and enable businesses to reduce their credit risks.

    The research that went into was first to deep dive into how the trade credit sector operates, and how manufacturing to the last mile delivery value chain works, the trade credit practices and how the credit practices are. How the delayed payments are furthermore affecting the value chain. The founders spoke with key people in the trade credit sector, in trade associations and with bankers to understand the viability of their idea, and that gave us a kickstart to all activities that are currently happening at Recordent.

    Recordent Logo
    Recordent Logo

    The name of the startup was derived by bringing in the most important factor for SMEs that is to track, collate or simply, record their due payments. Furthermore, Recordent came from the idea of ‘recording’ all key business collections and invoices on a unified platform.

    Record + Payment = Recordent

    They have recently revamped their branding and logo. Recordent’s new logo depicts growth, and that is why it is a slightly upward arrow. The yellow color in the logo represents optimis, while the lighter blue in the middle stands for ambitions, and finally the darker blue shade represents trust, a solid foundation for Recordent.

    Their tagline is ‘Lower your risk. Power Growth’. It simply talks about businesses to lower their risks, and therefore empower growth.

    Recordent – Business Model & Revenue Model

    Recordent’s platform enables businesses to submit their customer dues/invoices on a regular basis to collect payments faster and on-time. Inspired from the Credit Bureau model, Recordent informs customers on how their positive payment track record can be viewed by other businesses & lenders to offer better terms on credit or a loan; thus, motives and creates urgency to pay dues sooner than later.

    Recordent – Product & Services

    Recordent is a technology platform that enables businesses to improve collections by credit profiling their customers; and reducing risk by providing insights into the payment history of prospective customers. We’ve partnered with Equifax, Leading credit bureau for businesses particularly MSMEs to make better credit decisions before offering credit against goods and services by providing a consent based comprehensive credit report of potential customers. The startup provides credit reports of businesses, entities and individuals with insights into their payment history for a better financial or business decision.

    Recordent – Marketing

    The first 100 customers came on board completely through direct selling and through associations. Recordent adopted the digital route post reaching a considerable number of members. They now operate in a hybrid marketing model which is a combination of direct selling and digital methods. Their most successful marketing campaign so far has been to have done sms, and marketing affiliations with trade credit associations.

    Recordent – Challenges Faced

    The initial market that Recordent went after were schools and educational institutions. As the pandemic hit and the schools and institutions shut, the markets were slightly tough to operate on given the current situations. The company soon went ahead with a B2B marketing model, and that is how they put together Recordent, and its solutions.


    Impending Challenges in 2021 for Small Businesses
    The Covid outbreak was uncertain for all of us, but small businesses were the most affected ones. So, here’s a case study on Challenges in 2021 for Small Businesses.


    Recordent – Revenue

    Currently, Recordent generates a revenue of 4lacs per month, and they have a user base 12,000+ businesses. Some of its notable clients include Udaan, Faith Lumber Pvt Ltd, Pennar industries and Sterling. Their plan for the next 1-2 years is to cater to at least 40,000 businesses and empower their financial well being and fuel their growth.

    Recordent – Funding

    Recordent has raised a funding of $400K in November 2021.

    Date Stage Amount Investors
    November 2021 Angel Investment $400K Family Office of Kantamaneni & IIM Calcutta Innovation Park and other angel investors from India and the US

    Recordent – Recognition and Achievements

    Recordent’s constant endeavors are targeted towards building a trustworthy and solution-oriented platform. Recordent is now ISO 27001 certified, a worldwide standard certification that indicates a commitment to data security and assurance that data assets are safe.

    Recordent – Partnerships

    We’ve also partnered with Equifax India to help businesses particularly, MSMEs to make better credit decisions before offering credit against goods and services by providing a consent based comprehensive credit report of potential customers.

    Its partnership with Equifax US aims to reduce trade-related risks for Indian exporters and importers who trade with U.S. companies. The solution enables Indian exporters to check the credit history of their U.S. business clients. These checks save on financing costs, increase competitiveness and expand commercial activity between U.S. and Indian businesses. Indian importers can also make use of the information to ensure their purchases are from valid and creditworthy businesses.


    Story of Groww – Disrupting Traditional Ways of Investments
    Groww has grown with a revolutionary idea to make investments simple, fast, and convenient. Here’s how it has disrupted the traditional ways!


    Recordent – Future Plans

    The coming future, the focus will be to keep up the tech oriented solutions and spend time in customer acquisition. Recordent’s major focus areas will be collaborations with complementary fintech and banks for providing financing options to businesses, invoice reconciliation, and adding more services and features to the tech platform for further ease of use.

    Recordent – FAQs

    When was Recordent founded?

    Recordent was founded in 2020.

    Who are the founders of Recordent?

    Harish Mamtani and Winny Patro are the founders of Recordent.

    Who are the competitors of Recordent?

    Some of the competitors of Recordent are:

    • Invoiced
    • YayPay by Quadient
    • Tesorio
    • Lockstep
    • Versapay

    Has Recordent received any funding?

    Yes, Recordent has raised a total funding of $400K.

  • MoEVing: India’s First Electric Vehicle Technology Platform

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

    Electric Vehicles have brought revolution in automotive industry. The electric vehicle industry in India is a growing fastly. The EV market in India was valued at USD 5.5 Billion in 2020. As per the experts, it is expected to reach USD 17 Billion in five years. Recently, in December 2021, more than 50,000 registration were done for electric vehicles. This shows the customers interest in electric vehicles in India. EVs may soon replace ICE vehicles. Government also supports the market. The central and state governments have launched several schemes and incentives to promote electric vehicles in India. Investors are also inclined to invest in EV space.

    Looking at the growth and opportunity in EV market, MoEVing was started. MoEVing is a technology Platform with a vision to accelerate EV adoption in India. Know about the MoEVing company, founders, funding, business and revenue model, and the startup story.

    MoEVing – Company Highlights

    Startup Name MoEVing
    Headquarters Gurgaon
    Industry Electric Vehicles
    Founded 2021
    Founders Vikash Mishra and Mragank Jain
    Total Funding Raised $5 Million

    MoEVing – About
    MoEVing – Industry
    MoEVing – Founders and Team
    MoEVing – Idea & Startup Story
    MoEVing – Vision
    MoEVing – Name, Tagline, and Logo
    MoEVing – Product & Services
    MoEVing – Business Model & Revenue Model
    MoEVing – Funding
    MoEVing – Getting Clients after Startup Launch
    MoEVing – Challenges Faced
    MoEVing – Growth
    MoEVing – Competitors
    MoEVing – Future Plans
    MoEVing – FAQs

    MoEVing – About

    MoEVing is accelerating EV adoption with a unique technology based platform approach. Founded in February 2021, in Gurgaon (India), MoEVing is India’s first technology platform focused on developing the EV ecosystem with data at the center of its strategy. MoEVing’s current product offering on the demand side, provides solutions to top e-commerce, e-grocery, FMCG, logistics and D2C companies to optimize their logistics costs and meet their goals of reducing carbon emissions. At the same time, on the supply side, MoEVing works with OEMs, driver cum owners and financial institutions to help address various constraints that are coming in the way of EV adoption.

    MoEVing is a technology led company with a vision to transform the EV ecosystem to accelerate EV adoption in India. It is a holistic approach to demand aggregation, supply optimization, connecting with charging infrastructure and financing.

    MoEVing’s platform approach enables drivers to become micro-entrepreneurs, allowing assured revenue, access to charging solutions, financing, vehicle-know how, and thus increasing their income by 50%.

    MoEVing – Industry

    EV adoption in India is at an inflexion point particularly in 2W and 3W in commercial mobility for intra-city use cases (range of 80-120 kms) driven by multiple reasons, the top ones being:

    • 40% lower TCO as compared to ICE
    • Green goals of e-commerce companies
    • Government push towards electrification of commercial fleet including by way of subsidy of ~10-15% of vehicle cost.

    Electric vehicle adoption in India is at the right inflection point to leverage it to create both economical and sustainable benefits for the society. 2021 is the year where many critical ecosystem players have become active in the EV ecosystem, including OEMs bringing in high quality EV vehicle products into the market, charging infrastructure development becoming easier on ground and new age banks being open to financing EVs. With a management team having run over 100 Million Kilometers and a cumulative EV sector experience of 30 years, the team at it’s core believes that electrification of the B2B delivery space is possible today and provides a great business opportunity for accelerating adoption of EVs among last mile delivery drivers.

    MoEVing – Founders and Team

    Vikash Mishra - Founder of MoEVing
    Vikash Mishra – Founder of MoEVing

    The founders, Vikash Mishra (ex McKinsey, Shell, EV background) and Mragank Jain (ex. Standard Chartered Private Equity, A.T. Kearney) along with the key management team have experience of managing an electric vehicle fleet that has run over 100 million kilometers, policy advocacy and scaling up large businesses. MoEVing is backed by angel investors of high repute including professionals from private equity background, board members of the largest automotive OEM in India and others.

    Vikash Mishra serves as Chief Executive Officer of MoEVing.

    With over 20 years experience in the energy and mobility industry, he is responsible for MoEVing’s vision and development. He has been supporting the electric mobility ecosystem for the past 5 years and has even set up the Electric Mobility Initiative at Shakti Foundation for EV policy advocacy, while leading business at Lithium, the largest EV fleet operator and charging  infra network. Vikash has a deep understanding of the energy industry and energy transition.

    Mragank Jain serves as Chief Strategy Officer of MoEVing.

    With over 20 years experience in the private equity and consulting industry in his extensive time in private equity with Standard Chartered Private Equity and SUN Group, he is responsible for MoEVing’s strategic directions and growth. He has been supporting the growth and development of various portfolio companies while playing the role of a board member. Mragank has a deep understanding of technology, automotive, financial services and logistics sectors.

    MoEVing – Idea & Startup Story

    Vikash, Founder of MoEVing has been in the electric vehicle fleet business for multiple years, has experience running both electric bus fleets and electric car fleets. Given his in-depth understanding on the vehicle products, operating these new age EV products and related infrastructure, being part of building the EV policy framework in India and working with large fleets, he instantly knew late 2020 that India is at an inflection point where one needs to tie the loose ends and take an ecosystem approach to accelerating EV adoption.

    When the pandemic hit, he realised what a large opportunity the B2B last mile delivery space provides in terms of electrification. Having been in the space for years, he approached leaders across various sectors, investors, OEMs, charging infrastructure companies, policy makers, financiers, including brainstorming with his college batchmate, Mragank on how this very inflection point in the automotive sector can be leveraged into making a profitable business opportunity. Post multiple brainstorms with potential clients, drivers, financiers and various stakeholders, Vikash realised that the issue wasn’t optimizing order delivery which was already solved by organizations like Delhivery, Porter and Shadowfax. The issue was now reducing cost of logistics on the demand side due to unstable fuel prices as well as there being not one player who is enabling adoption of low cost vehicle technology like EVs for the driver cum owners.

    This is when Vikash established MoEVing in early 2021 as a driver-centric platform that provides full-stack technology solutions including delivery, charging, financing and analytics solutions thereby making EV adoption a seamless process.

    MoEVing – Vision

    In five years, MoEVing expects to become a $1 billion revenue company, providing full stack solutions across form factors, with deep data expertise, having international presence and a business structure where investors with different risk profiles can participate. MoEVing has raised over $5 Million in seed capital to prove the playbook and roll- out the technology platform.

    MoEVing Logo
    MoEVing Logo

    The core vision of the startup is MOEVING people and goods emissions free! Integrating the aspect of EV to moving got us MOEVING! The logo was designed to be simple for all to understand with a focus on EV.

    MoEVing – Product & Services

    MoEVing Operations across India
    MoEVing Operations across India

    Electric vehicles are revolutionizing the larger automotive sector both for people and goods movement. With the enhancement of product availability across various vehicle form factors in India, intra-city logistics is a $375 Billion opportunity that can be electrified swiftly. MoEVing provides a full stack solution to e-commerce, e-grocery, FMCG, logistics and D2C companies, where it is the single point of contact for end to end services once the goods are lifted from MoEVing’s customer hubs to be delivered to end-consumer. Currently MoEVing provides intra-city goods movement services where per day usage of a vehicle is 80-120 kms to align with the travel range that vehicles offer per charge. As more and more vehicle types (light commercial vehicles, 4W, buses, trucks) become available and are commercially viable, MoEVing will continue to on-board all vehicle form factors onto its platform.


    Ola Electric Scooter – Booking, Specifications, Charging, Price and more
    Ola has announced the launch of the electric scooters, with pre-bookings touching 1 lakh in just 2 days. Learn everything about these vehicles, including how to book here!


    MoEVing – Business Model & Revenue Model

    MoEVing’s business model rests on data driven defensibility as its foundation. With every vehicle being connected to the technology platform on a real time basis, MoEVing has created a data warehouse and is developing data science algorithms to drive commercial outcomes from gathered intelligence around battery behaviour, vehicle behaviour and driver behaviour leading to additional revenue streams. MoEVing’s platform is curated in a manner which allows low customer acquisition cost (CAC), low customer churn, scalable with international application with data as a moat in the business.

    MoEVing – Funding

    Date Stage Amount Investors
    December 2021 Seed Round $5 Million D.S. Brar, Promoter-Chairman, Aragen Life Sciences; Anshuman Maheshwary, COO, IIFL Wealth and Asset Management; Dr. Srihari Raju Kalidindi, Executive Director & COO Viyash life sciences; D.N. Reddy, Managing partner, Vindhya Group; Ashish Goel, Founder, Urban Ladder; Krishnadeva Veerareddy, Serial Tech Entrepreneur; Vijay Dutt, Founder, Citadel Management Consulting; Manas Fuloria, Founder & CEO, Nagarro; Nishant Sharma, Co-Founder, Managing Partner & CIO, Kedaara Capital; Mukul Dhyani, Senior IT Executive based out of Europe, Naresh Agarwal, Head of India R&D, Traceable; Abhishek Poddar, MD, Macquarie (MIRA); Mayank Gupta, ex-KKR Director; Anand Dalmia, Co-Founder, Fisdom; Bhanu Singhal, ex-Citibank, Govind Agarwal; Chaitanya Kamdar, Subodh Gupta and Mukesh Tiwari.

    MoEVing – Getting Clients after Startup Launch

    The company was incorporated on January 19th 2021 and signed its first PAN India contract on January 21st, 2021 with one of India’s biggest e-grocery companies. Their main strategy was and is delivering the best service to ensure there is no reason for any client to not convert their last mile delivery to electric. MoEVing started with 1 client and expanded very quickly to 20+ clients in 11 months because they continuously provided their thesis operationally and supported various requirements of clients and drivers to make the transition to EVs seamless.

    The company has a low/zero CAC business model, since the beginning they have no sales people in their team. The growth is purely driven by two factors.

    • The clients, top e-commerce, e-grocery, FMCG, logistics and D2C companies needing to optimize their logistics costs and meet their goals of reducing carbon emissions.
    • Time and again, the proven track record with multiple customers of scaling fleet across cities and across vehicle form factors, nationally.

    MoEVing – Challenges Faced

    Here are some to the major challenges faced initially:

    1. Client based challenges: Electrification of the fleet requires fundamental changes in the operational approach, which leads to us crossing initial knowledge hurdles with any client or driver they onboard.
    2. Infrastructure based challenges: Currently most charging infrastructure providers are focusing investments towards fast charging solely focused on B2C uptake with close to no planning overlap with B2B EV charging usage where the larger percentage of adoption will take place in the coming 5 years. This created an issue for MoEVing initially but now they create their own charging spaces where drivers can charge vehicles, park, get their vehicle maintenance & related services done.
    3. Financing based challenges: With no proven product life cycle and product know-how, it was initially difficult to convince both traditional and new age financiers to finance EVs at an affordable rate.
    4. Driver based challenges: Initial challenges around driver training, basic understanding of EVs and how to charge them. But these are easily overcome through company’s driver training.

    MoEVing – Growth

    MoEVing Growth
    MoEVing Growth

    Since its inception in February 2021, MoEVing has signed contracts worth US$ 180 million in revenue potential (over three years) with 20 clients in e-commerce, e-grocery, FMCG, logistics and D2C companies. The Company has established its presence in 10 cities and operates a fleet of 650 vehicles (3W and 2W) and has a 90 people team.

    MoEVing – Competitors

    No player is taking an ecosystem approach towards EV adoption currently, most of the EV logistics players are solving for delivery optimization using EVs. Currently players in the same space are Mahindra Logsitics, Zypp, and LoadXX.


    Top 7 Alternatives to Ola Electric Scooters in 2021
    Ola Electric is accepting pre-bookings, set to be big, but the Indian market is booming with electric vehicles. Here are some alternatives to Ola Electric vehicles.


    MoEVing – Future Plans

    In the next 24 months, MoEVing aims to onboard 25,000 driver cum EV owners by end of 2023, have 50% of India’s charging stations on its app, finance a large proportion of EV fleet and facilitate financing of the same through other partners, and abate 2 Billion MT of carbon.

    MoEVing – FAQs

    When was MoEVing founded?

    MoEVing was founded in February 2021 at Gurugram.

    Who are the founders of MoEVing?

    Vikash Mishra and Mragank Jain are the founders of MoEVing.

    What services MoEVing offers?

    MoEVing offers delivery services across different sectors, charging services, training programs for drivers and others.