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  • Understanding the On-Demand Business Model With Its Application to Sell Customized Products/Services

    As said, “Success is not final and failure is not fatal”, Businesses nowadays have grown exponentially. Business organizations and their players ought to play by the rules while being ferocious at times whenever required. The willingness to take extraordinary chances assists them in achieving more than those who play safe.

    With immediate actions, the need for getting immediate services is also dominating the market. With the introduction of on-demand businesses, the immediate supply of a service is expected.

    Startups like Zomato, Ola, and Uber are dominating society due to their on-demand business model. But what is meant by an on-demand business model and how one can create their own print-on-demand business are shared below.

    What Is an On-Demand Business Model?
    Examples of On-Demand Services
    Impact of On-Demand Business Model
    Application of On-Demand Business Model to Sell Customized Products and Services
    Tips for Marketing Customized Products More Effectively

    What Is an On-Demand Business Model?

    The on-demand business model has revolutionized the way businesses work. It has replaced the traditional business models (i.e., B2B, B2C, C2B, C2C) a lot quicker than predicted.

    It is nowadays becoming the choice of customers, because the on-demand business model is focused on speedy deliveries, enhancing convenience for the sellers as well as the customers, accuracy in the services provided, and most important maintaining healthy competition through delivering quality goods and services.

    This model may be defined as how businesses rely on various social media platforms or any other websites or applications to deliver their products and services to their end users.

    It enables the users to get hassle-free access to the services provided by the business without getting into contact with a support professional or any staff to avail of the services, instead, the customer or user can do it themselves manually through any of the following means depending on the type of business.

    For Example:

    1. Ola and Uber use the application as their means to deliver their respective services to their end users. An individual can book a cab from their mobile phone and the cab service arrives at their doorstep instantly.

    2. Flipkart, Myntra, and Amazon use applications as well as websites to deliver their services to their customers. Customers can buy products online through these portals and the products are delivered to them in no time.

    3. Small-scale retailers as well as wholesale sellers use the Facebook marketplace and various other social media websites to advertise their products for sale.

    Examples of On-Demand Services

    On-demand Delivery Service

    Examples of On-Demand Delivery Startups
    Examples of On-Demand Delivery Startups

    It is a way of delivering the demands of the customers instantly to lure customers. These types of solutions are best suited for customers who want a quick, accessible, and simpler way of shopping for their needs. Most e-commerce platforms are reliable on this model to enhance their responsibility toward customer satisfaction.

    On-demand Transportation Services

    On-Demand Transportation Service Example

    Transportation plays a great role in creating the demand for any product or service offered online. Let us suppose two companies are offering similar kinds of products, but the customer will be inclined towards the company that delivers the product faster than the other. Hence, transportation is a critical aspect of any business.

    Another aspect of utilizing such types of business models is Uber and Ola. They have revolutionized the way taxi and cab facilities used to work in the market. Now an individual can book a book from their mobile phone with utmost transparency of the costs and avail of the service in no time.

    The transparency of the cost has also enabled people from getting to struggle for bargaining the fare. All these factors combined have created a much more trouble-free experience for them altogether.

    On-demand Food Services

    On Demand Food Services Example
    On-Demand Food Services Example

    If an individual is stuck in a situation where cooking food is not an option and traditional ways of cooking seem harmful to the environment, the on-demand food services are the saviors.

    Some startups operate globally and are creating an environment where people do not have to struggle with hunger anymore and take out the time from their busy schedules to plan and go to a restaurant. Instead, order food online and it is delivered to your step.

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    Impact of On-Demand Business Model

    The above graph shows the Estimated Revenue of an On Demand Service Industry in US Billion Dollars for three alternate years
    The above graph shows the Estimated Revenue of an On Demand Service Industry in US Billion Dollars for three alternate years

    This model has left a drastic impact on how businesses work. It has enabled businesses in understanding that getting access to deliver their services is a much more productive approach than ownership.

    Earlier businesses used to work on the principle of ownership but nowadays things have revolutionized to the extent that customers prefer services that are quickly delivered to them or even available at their fingertips. With the increase in demand for such types of services, businesses must constantly struggle and keep on working on ways to improve their services to stay on top of the list for their customers.

    For example, consider that a product is available on Flipkart, and it takes 5 days to get it delivered to the customer’s location. A similar product is available on Amazon, and it gets delivered within 1 or 2 days. Then the customer would prefer buying it from Amazon even if the product is a bit costlier than Flipkart.

    The above example proves that Amazon is more efficient than Flipkart in delivering products to its end customers. This suggests that Flipkart, to retain its customers, must focus on improving its mechanism for the delivery of its products and services.

    The on-demand business model has also increased competition in the market. With the help of this model, owning a business and running it smoothly is no more a hassle, from setting up the firm to developing a delivery mechanism, it is all very accessible and under budget.

    Application of On-Demand Business Model to Sell Customized Products and Services

    Working of an On-Demand Business Model
    Working of an On-Demand Business Model

    With the availability of millions of products and services online, customers do not prefer buying or using similar types of products. They are always in search of things that are unique in nature.

    Hence, customized products and services play a great role in enhancing the experience of customers. While selling customized products, the business additionally drives-in customers’ loyalty by enhancing the satisfaction level of the customers.

    Roadmap to this guide:

    Choose what to sell

    One of the most difficult tasks in selling customized products is to choose the most profitable items in the markets that are also in high demand. With the gradually changing needs and demands of the customers, it is difficult for a seller to choose what sort of item would be best to sustain the business.

    These items must be evergreen, trending, and profitable at the same time. Businesses should focus on targeting a specific market in order to grab genuine customers rather the generalized ones.

    For starters, ideas could be drawn from other leading websites already running in the market that could be their potential rivals. The on-demand business model would assist the business in this regard.

    Choose the platform to offer customized products

    The traditional ways of selling and marketing products are long gone. People have now learned that new ways such as the on-demand business model are a lot more effective in selling products. The core belief is to emphasize more accessibility than ownership.

    Nobody wants to stand in queue and wait for a taxi, no one wants to wait for weeks to get their parcel, and no one wants to cook, when and if these services are just a click away. Every business nowadays wants to focus on developing applications or relying on e-commerce platforms for showcasing its products and services.

    Incorporating mobile applications and websites into their business models is an essential and reliable option for businesses if they want to grow exponentially. On a similar note, selling customized products would be much more convenient if the above-mentioned means are utilized.

    Choose the most effective delivery partner

    It is very critical to find a popular and reliable partner to collaborate with to deliver products to their destination in a transparent, simple, quick, and trouble-free manner.

    Automate the workflow

    Automation in any work done is in high demand these days. People love to see tech around them. Working with AI-enabled services not only gives an extraordinary experience to the business as well as the end-users yet additionally enhances the productivity of the tasks.

    AI-enabled services at warehouses enable the supervisor to manage the stocks efficiently and locate the vacant spaces that need to be refilled again with the stocks. AI-enabled tools that are managed by the backend helps in comprehending the categories of item that are high in demand.

    By executing automation, businesses can undoubtedly get orders, characterize work processes and occupations, produce tickets, plan out works, oversee, and follow them, and get them finished for definite deliveries.

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    Tips for Marketing Customized Products More Effectively

    Creating official pages across all the social media platforms and staying up to date with the trend. Sharing blogs regarding their products and services, news, or any sort of update regarding the business to keep the customers engaged with it.

    Additional to the above point, being responsive to almost all the genuine comments of a customer over any post is critical to developing a healthy relationship between the customer and the firm. The website should be search engine optimized to gain traffic.

    Collaborate with big e-commerce platforms to increase the awareness of the brands. Paid marketing campaigns are also a good strategy to gain popularity in less span of time.

    Become more competitive while also showcasing the uniqueness of your product as compared to the competitor’s products. Identifying the target audience and making up the marketing plans accordingly also helps in effectively increasing the marketing of customized products. Keep refining the plan from time to time and induce necessary changes required with respect to time.

    Conclusion

    On-demand business is one that works to provide services to its customers as per their needs. There are many types of on-demand businesses seen in common places. One of the best examples of an on-demand business is the ride-sharing business “Ola”.

    The on-demand business works with the minimum possible time to complete the consumer’s needs. Hence, the business model of on-demand services also needs to be planned accordingly. The above article contains a guide on how to get started with customized products selling on-demand business models and other relevant information.

    FAQs

    What is customized selling?

    Customized selling is an option preferred by manufacturers where a selling style is coordinated with customers’ selling patterns as well as the requirement of the situation.

    What is personalized print on demand?

    Print-on-demand is a process where a manufacturer complies with the customer to print white-label products with the selected brand design.

    What is an on-demand business model?

    The on-demand business model comprises the fact that the essential things are delivered to the customers at the most appropriate time of their need. It works on the basic principle of three factors speed, accessibility, and convenience.

    What are some examples of on-demand companies?

    Some of the best on-demand companies are Uber, Airbnb, Upwork, etc.

  • Why Do Startups With the Highest Valuations Make the Least Profit?

    Just because of valuation, startups often take the limelight as unicorns even when they are losing hefty amounts of money. This may seem strange, but older businesses are not regarded as strongly as startups, and in most cases, these existing businesses are valued well below their genuine value.

    Every day, businesses of every kind face an unpredicted plethora of threats. It is important to recognize that losses can be either caused by temporary (short-term or medium-term) or some continuous long-term issues.

    Number of Funding Deals for Startups Across India from 2015 to 2022
    Number of Funding Deals for Startups Across India from 2015 to 2022

    Unicorns in India, or companies valued at $1 billion or more, are contradicting the traditional wisdom that valuations are based on future earnings. As their losses mount, private investors are compensating them with progressively greater values.
    While lots of businesses continue to lose money quarter after quarter, a select handful achieves enormous success and become national brands. The trick, of course, is determining which of these businesses will make the transition to profitability and blue-chip position.

    Valuing a loss-making business can be a difficult task. A business with negative earnings or incredibly low earnings is considerably more difficult to appraise than one with positive earnings. In reality, rather than basic assessments, loss-making enterprises are valued primarily on hopes.

    In this article, we are going to discuss why we see that startups with the most valuation have the least profit.

    Startup Valuation
    Why High Valued Startups Have the Least Profit?
    Cases of High Valuation Low-Profit Startups

    Startup Valuation

    In simple words, startup valuation is the way of assessing a firm’s value, or valuation. An individual investor in a startup trades for a portion of the company’s stock during the seed fundraising round. This is why valuation is crucial for entrepreneurs since it allows them to determine how much ownership they must provide a seed investor in return for their financing. It’s also crucial for an investor, who needs to know how much of the company’s stock they will get in exchange for the money they put in during the early stages. As a result, startup valuation can be a deal-maker or a deal-breaker, which is why it does not include any speculation based on the valuation of other comparable businesses.

    Furthermore, before assessing a firm’s real worth, creators must have a thorough understanding of how the entire startup valuation process works. If there is little to no revenue-generating, founders tend to quote an excessively high amount to investors to raise seed funding, so the expectations will be rather high. However, if a firm is unable to fulfill the lofty targets, it may have to secure funding at a reduced valuation in the next round.

    This could backfire in the long term, and the startup or entrepreneur may have a difficult time persuading other seed financiers or companies to finance them. In contrast, if the business quotes are too low, it may wind up offering investors a larger portion of the company’s equity, which will be a negative factor.

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    Why High Valued Startups Have the Least Profit?

    Startups are not anxious about their losses or lack of profit-making capacity. Instead of focusing on this, they continue to advertise their long-term vision of expected profit generation. Founders of such startups tend to showcase their different techniques, technologies, and solutions to attract investors. They are good at storytelling and selling.

    Investors get inspired by the founders and their exclusive pitch and make startup investment risks with the hope of gaining profits in the future. Here, both the startups and the investors work based on future assumptions. The hope remains on the fact that the startup would be able to kill its competition and create its market. But when reality hits and things do not go as per the plans, these startups with high valuations (because of the huge investments) start going low on profit-making.

    It is the brand name and its worth that attracts investors to invest, taking the valuation of a startup to another level. For example- Groww (an investing platform), even with the least profits, raised a funding round in October 2021, which skyrocketed its valuation to $3 billion. However, Zerodha (financial services company), one of its biggest competitors, is highly profitable yet its valuation stands lower than Groww.

    According to Kunal Shah (CEO of CRED), “Unicorn tag, high valuation are all vanity metrics till the company delivers profits”.

    The discounted cash flow is the explanation for this unusual valuation. The discounted cash technique is used to value and evaluate the worth of the startups. When valuing a company, the discounted cash flow technique is used to forecast cash flow as well as the anticipated rate of return on investment. Businesses that are inevitably destined to fail in terms of income flow generation are given a higher discount rate.

    Such startups simply continue to be overvalued by executing a couple more spectacular funding rounds. After which the investors understand or anticipate that they’re not going to be successful after analyzing the stats and other relevant information and pulling any additional funding. These businesses will likely close or downsize their operations, leading to widespread job losses and a repeat of the 2008 financial crisis unless they figure up some sort of magical formula.

    Cases of High Valuation Low-Profit Startups

    Zomato

    The revenue of Zomato has soared by a significant percentage year over year, and losses have also risen by a substantial proportion. However, when you look at the overall picture, Zomato is present in 24 countries, including India. Furthermore, it has a monopoly in Restaurant Search in India, despite the presence of competitors making it more likely to succeed. Advertisements, classifieds, internet shopping, and consulting are further sources of its revenue.

    Revenue and Loss of Zomato from FY 2018 to FY 2022
    Revenue and Loss of Zomato from FY 2018 to FY 2022

    In FY22, Zomato recorded a revenue of $505.76 million, whereas its loss stood at $145.92 million. As a result, instead of seeing losses as a determining factor in funding, we perceive its brand value.

    Flipkart

    Although this is one of the most difficult startups to evaluate, the basics stay the same. Flipkart is attempting to instill in Indians the habit of shopping online. This is also being funded by investors. Online retail sales in India currently account for only 1% of total retail sales. If it were to rise to even 7-8% (as it is in the United States), E-tailer revenues in India would soar by a significant percentage. This is the expectation of investors.

    In FY22, Flipkart India’s revenue reached $6.034 billion, and losses widened by 40% to $410.75 million.

    Ola/Uber

    We usually went down, asked for multiple buses and taxis, and got refused by a majority of them when there was no Ola/Uber. But, thanks to Ola, we can now book a cab from the comfort of our own homes or offices and only get out when they arrive. It has made our lives more convenient with the added benefits of being cashless and air-conditioned. As a result, we have developed a strong trust and habit in them, which is exactly what they desire.

    Revenue and Loss of Ola Cabs from FY 2017 to FY 2021
    Revenue and Loss of Ola Cabs from FY 2017 to FY 2021

    In FY21, Ola Cabs’s revenue was $125.41 million, and its loss was $101.27 million.

    These are some of the names that stand in full pride with huge valuations as they have gained the trust of investors as well as the masses but at the same time continue to make lesser profits.

    Conclusion

    A startup’s worth is based on its potential to generate future cash flows, how much potential it has for future aspects, and keeping other essential factors constant. Apart from revenue generation, job generation statistics also matter. Investors believe that the startup they are investing in will grow to be a giant one day and that they will be able to make a profit of nearly ten times their initial investment. This risk allows them to stay competitive and keeps them in the play. Therefore, when valuing or comprehending startups, their prospects are perceived rather than the losses.

    FAQs

    What is startup valuation?

    It is the process of evaluating a company’s worth in the market based on different factors like profit-making capacity, growth potential, market conditions, etc.

    What are startup valuation methods?

    Popular methods include:

    • Berkus Approach
    • Market Multiple Approach
    • Risk Factor Summation Approach

    Which is the highest-valued company in India in 2022?

    Reliance Industries is the highest-valued company in India in 2022 with a $202 billion valuation, followed by Tata Consultancy Services ($139 Bn) and HDFC Bank ($97 Bn).

    Are all Indian unicorn startups profitable?

    Only 23 out of 100 Indian unicorn startups are profitable. These include Mamaearth, Lenskart, Nykaa, Zerodha, etc.

  • Top 10 Indian Unicorn Startups and Their Revenue 2022

    The startup industry in India is growing faster than we could have imagined. They are now paving a new way for the future of India. Some popular startups that caught the eyes of everyone in the past few years are Zomato, BYJUs, Nykaa, and more. These are living proof of the evolution of startups in India.

    These startups have been able to provide solutions to many of our problems. Along with this, they have been able to make huge progress for themselves as well. The startups in India are now generating a great amount of revenue and an increase in terms of their valuation.

    The last two years have been full of ups and downs. The time has been mixed with old and new ideas. Many businesses could not cope well during the pandemic. On the other hand, many were able to reach their prime time. The Indian startup industry has grown in the past two years like never before. Startups like BYJU, Zomato, Nykaa, and more made India proud by entering the unicorn club.

    Thanks to technology, continuous innovations, and passion for entrepreneurship, India is now the third-largest home for unicorn startups in the world with almost 100+ unicorn startups already established and many more are on the way to becoming unicorn startups.

    Startups in India can secure a strong foot in India now due to new terms and policies installed by the government as well as the development faced by the Indian startup ecosystem. The startups in India have become the most potential eye-catchers for investors. With great funding at proper times, startups have been able to progress at a faster pace.

    Here is the list of all Indian Unicorn Startup with their revenue, profit, and valuation:

    Startup Name Industry Founding Year Revenue Profit in 2021 Current Valuation
    PhysicsWallah Edtech 2016 $28 Million -$0.877 Million $1.1 Billion
    LeadSquared SaaS- CRM 2011 $19.3 Million -$1 Million $1 BIllion
    ElasticRun E-commerce Logistics 2015 $381.3 Million -$12 Million $1.5 Billion
    LEAD School Edtech 2012 $80 Million -$15 Million $1.1 Billion
    Purplle E-commerce Personal Care 2012 $180 Million -$6 Million $1.1 Billion
    DealShare E-commerce 2018 $193.3 Million -$8 Million $1.7 Billion
    Xpressbees E-commerce Logistics 2015 $190 Million -$8 Million $1.2 Billion
    Open Fintech 2017 $.5 Million -$8 Million $1 BIllion
    Games24x7 Gaming 2006 $115.6 Million $13 Million $2.5 Billion
    Amagi Media, Advertising 2008 $43.9 Million $2 Million $1 BIllion
    Fractal Analytics SaaS- Analytics 2000 $250 Million NA $1 BIllion
    Darwinbox SaaS- HR 2015 $1.6 Million NA $1.07 BIllion
    Livspace E-commerce Interior Design 2014 $8 Million NA $1.2 Billion
    Uniphore SaaS- Conversational Automation 2008 $88.1 Million NA $2.5 Billion
    Hasura SaaS- Programming Tools 2017 $18.5 Million NA $1 BIllion
    Yubi (CredAvenue) Fintech 2017 $15.3 Million NA $1.3 Billion
    CommerceIQ E-commerce Management Platform 2012 $115 Million NA $1 BIllion
    Oxyzo Fintech 2016 $31.3 Million NA $1 BIllion
    OneCard Fintech 2018 $8.3 Million NA $1.4 Billion
    Moglix B2B E-commerce 2015 $100 Million -$10 Million $2.6 Billion
    NoBroker PropTech 2014 $6.3 Million -$12 Million $1 BIllion
    MobiKwik Fintech 2009 $52.5 Million -$13 Million $1 BIllion
    Spinny Automotive 2015 $10.9 Million -$13 Million $1.75 Billion
    MPL ESports 2018 $65.6 Million -$16 Million $2.3 Billion
    Acko Insurtech 2016 $98.8 Million -$16 Million $1.1 Billion
    ShareChat Social Media 2015 $50 Million -$183 Million $5 Billion
    Eruditus Edtech 2010 $131 Million -$242 Million $3.2 Billion
    upGrad Edtech 2015 $69.2 Million -$26 Million $2.25 Billion
    Apna Marketplace- Employment 2019 $2.25 Million -$3 Million $1.1 Billion
    Urban Company Home Services 2014 $43.7 Million -$31 Million $2.1 Billion
    BharatPe Fintech Payments 2018 $100 Million -$34 Million $2.85 Billion
    CarDekho E-commerce Automotives 2007 $88.4 Million -$42 Million $1.2 Billion
    Licious E-commerce Meat Products 2015 $68.2 Million -$46 Million $1.3 Billion
    Zetwerk Marketplace- Consumer goods 2018 $496 Million -$5 Million $2.5 Billion
    Meesho E-commerce 2015 $46.6 Million -$62 Million $4.9 Billion
    Blinkit (ex-Grofers) E-commerce- Groceries 2013 $23.6 Million -$69 Million $0.568 Billion
    Pristyn Care Healthtech 2018 $20 Million -$7 Million $1.4 Billion
    Vedantu Edtech 2011 $9.3 Million -$75 Million $1 BIllion
    Upstox Fintech 2010 $845.7 Million -$8 Million $3.4 Billion
    Slice Fintech 2016 $3.5 Million -$8.9 Million $1.4 Billion
    CRED Financial Technology 2018 $39.3 Million -$80 Million $6.4 Billion
    CureFit Healthcare 2016 $21.6 Million -$83 Million $1.5 Billion
    Mamaearth E-commerce Personal Care 2016 $94.3 Million $24 Million $1.07 Billion
    Infra.Market B2B E-commerce 2016 $623.6 Million $3 Million $2.5 Billion
    Five Star Business Finance Financial Services 1984 $573 Million $44 Million $1.4 Billion
    OfBusiness Building Materials 2015 $726 Million $6 Million $5 Billion
    CoinSwitch Kuber Cryptocurrencies 2017 $7.1 Million $8 Million $1.9 Billion
    CoinDCX Cryptocurrency Exchange 2018 $.5 Million NA $2.15 Billion
    BlackBuck Logistics 2015 $86.6 Million NA $1.02 Billion
    Droom Marketplace- Automotives 2014 $13.6 Million NA $1.2 Billion
    PharmEasy Online Pharmacy 2015 $646 Million NA $5.6 Billion
    MyGlamm Personal Care Marketplace 2015 $100 Million NA $1.2 Billion
    Digit Insurance Insurance 2016 $500 Million NA $4 Billion
    Innovaccer Healthcare 2014 $50 Million NA $3.2 Billion
    Groww Fintech 2017 $.6 Million NA $3 Billion
    Gupshup Software 2004 $150 Million NA $1.4 Billion
    Chargebee Financial Services 2011 $115 Million NA $3.5 Billion
    Zeta Fintech 2015 $152 Million NA $1.5 Billion
    BrowserStack Cloud Infrastructure and Software 2011 $204 Million NA $4 Billion
    Mohalla Tech (Moj) Software 2015 $7.7 Million NA $5 Billion
    Matic Network / Polygon Blockchain 2018 $4.2 Million NA $10 Billion
    MindTickle Saas- Enterprise Software 2011 $40 Million NA $1.2 Billion
    Rebel Foods E-commerce Food Delivery 2011 $90 Million NA $1.4 Billion
    Mensa Financial Services 2021 $150 Million NA $1.2 Billion
    GlobalBees E-commerce Retail 2021 $12 Million NA $1.1 Billion
    Dailyhunt Social News 2007 $77 Million -$101 Million $5 Billion
    Unacademy Edtech 2015 $59.6 Million -$192 Million $3.4 Billion
    Cars24 B2C E-commerce 2015 $1 Billion -$28 Million $3.3 Billion
    Glance, Inmobi Mobile Technology 2019 $200 Million -$9 Million $1.8 Billion
    RazorPay Fintech 2014 $148 Million $0.875 Million $7.5 Billion
    Zerodha Stockbroker 2010 $272 Million $140 Million $2 Billion
    PhonePe Fintech Payments 2015 $72 Million $217 Million $5.5 Billion
    FirstCry E-commerce 2010 $21.5 Million $26 Million $2 Billion
    Nykaa E-commerce 2012 $163 Million $7 Million $8.3 Billion
    Pine Labs Fintech 1998 $200 Million NA $5 Billion
    Highradius Fintech 2006 $250 Million NA $3.1 Billion
    Verse Innovation Content Technology 2007 $96.5 Million NA $5 Billion
    Zenoti Saas- Spa and Salon Services 2010 $41 Million NA $1.5 Billion
    Postman Saas- API Development and Testing 2014 $102 Million NA $5.6 Billion
    Delhivery E-commerce Logistics Services 2011 $179 Million -$14 Million $4 Billion
    Icertis Saas- Contract Management 2009 $240 Million -$2 Million $5 Billion
    Ola Electric Automotive 2017 $50 Million -$24 Million $5 Billion
    Druva Saas- Data Management 2008 $100 Million -$4 Million $2 Billion
    BigBasket E-commerce- Groceries 2011 $170.7 Million -$51 Million $2.7 Billion
    Rivigo Logistics 2014 $37 Million -$67 Million $1.09 Billion
    Lenskart E-commerce- Eyewear 2010 $150 Million $3 Million $4.3 Billion
    Dream11 Fantasy Sports 2008 $270 Million $41 Million $8 Billion
    CitiusTech Healthcare Technology 2005 $350 Million NA $2.4 Billion
    Freshworks SaaS – CRM 2010 $497 million -$188 Million $3.5 Billion
    Udaan E-commerce 2016 $120 Million -$310 Million $3.1 Billion
    OYO Rooms Hospitality 2013 $145.9 Million -$495 Million $9 Billion
    Paytm Mall E-commerce 2017 $28.2 Million -$62 Million $0.013 Billion
    Swiggy Foodtech 2014 $212 Million $203 Million $10.7 Billion
    BYJU’S Edtech 2011 $242 Million $6 Million $22 Billion
    Policybazaar Insurance company 2008 $54 Million NA $2.4 Billion
    Billdesk Fintech 2000 $210 Million NA $4.7 Billion
    ReNew Power Renewable Energy 2011 $38.12 Billion NA $8 Billion
    OLA Transportation 2010 $9.8 Billion -$105 Million $7.3 Billion
    Zomato Foodtech 2008 $410 Million -$153 Million $5.4 Billion
    Paytm E-commerce Finance 2010 $280 Million -$214 Million $16 Billion
    Mu Sigma SaaS- Analytics 2004 $150 Million NA $1.5 Billion
    Flipkart E-commerce 2007 $10.6 Billion -$307 Million $37.6 Billion
    InMobi Adtech 2007 $394 Million -$9 Million $1 Billion
    MakeMyTrip Online Travel 2000 $88.6 Million -$56 Million $2.52 Billion

    1. Nykaa
    2. Swiggy
    3. Zomato
    4. BYJU’S
    5. Paytm
    6. OYO
    7. Udaan
    8. Digit Insurance
    9. PharmEasy
    10. Dream11

    1. Nykaa

    Revenue: INR 3,773 crores FY 2022

    Nykaa's CEO and Founder Falguni Sanjay Nayar- StartupTalky
    Nykaa’s CEO and Founder Falguni Sanjay Nayar- StartupTalky

    It is an Indian e-commerce platform launched in the year 2012 by Falguni Nayar. The company sells its products through three channels- website, app, and offline stores. It offers a wide variety of beauty, wellness, and fashion products.

    Nayar made her company the first Indian unicorn startup led by a woman in 2020. The Firm Nykaa has revenue of INR 2,440 crores, in 2021. It has also announced revenue of INR 3,773 crores FY 2022.

    This year in Q2 FY23, Nykaa’s net profit has reached 344% Y-o-Y to Rs. 5.2 crore. The company has also reported a 39% increase in its revenue which is Rs.1230 cr.

    2. Swiggy

    Revenue: INR 2,547 Crores in FY2021

    Swiggy's CEO Sriharsha Majety- StartupTalky
    Swiggy’s CEO Sriharsha Majety- StartupTalky

    It is an online food ordering and delivery platform based in India. The Swiggy startup was started in the year 2014. The platform’s services are active in more than five hundred Indian cities like Delhi, Mumbai, Jaipur, etc.

    The platform has taken a tech approach to handle logistics and provide solutions to customer demands. Swiggy generated revenue of Rs. 2,547 cr in FY21. This number was a 23% drop from their previous financial year 2020.

    3. Zomato

    Revenue: INR 4192.4 crore in FY2022

    Zomato - a food delivery startup
    Zomato – A food delivery startup

    It is an online food ordering and delivery company founded in the year 2008. From menus to reviews the platform provides you with all the information about its partnered restaurants and gets your delicious food delivered to your doorstep.

    It was the first Indian startup to make its debut in the stock market. The Zomato Unicorn is considered one of the most successful startups in India with a revenue of INR 4192.4 crores, in Financial Year 2022. It has also announced its gross order value of INR 5,500 crores in Q3 FY 2022.

    The above graph shows India's Unicorn surge with its aggregate valuation.
    The above graph shows India’s Unicorn surge with its aggregate valuation.

    4. BYJU’S

    Revenue: INR 3,039.45 Crores in FY 2022

    BYJU'S - The ed-tech startup
    BYJU’S – The ed-tech startup

    It is a global ed-tech startup founded in India in the year 2011. The platform is known to provide adaptive, engaging, and effective learning solutions to its students around the world. Online coaching has the school’s curriculum as well as training for exams like JEE, IAS, GRE, etc.

    This education startup earned the status of the 13th largest unicorn in the world as per CB insights in December 2021. The startup BYJU’s had revenue of INR 3039.4 crores as of FY 2022.

    5. Paytm

    Revenue: INR 4,846 crores in FY 2022

    Paytm - The Financial service providing startup
    Paytm – The Financial service providing startup

    It is an Indian multinational technology startup that provides a digital ecosystem for consumers and merchants. Paytm was founded in the year 2010. The company offers payment services, commerce and cloud services, and financial services.

    It enables users to make quick and safe UPI payments, book movie tickets, EMI payments, and more. This top Indian startup has a revenue of INR 3,187.6 crores for FY21. It has also generated revenue of INR 4846 crores in FY2022.

    Top 15 Highest Valued Startups in the World | Top Startups
    Here’s a list of top 15 highest-valued startups in the world. Bytedance is the most valuable startup in the world with a valuation of $280 Bn.
    StartupTalkyArbaz Sayed

    6. OYO

    Revenue: INR 4,157 Crores in FY2021

    OYO - A full-stack technology providing a global platform startup
    OYO – A full-stack technology providing a global platform startup

    It is an Indian multinational online travel agency for homes and hotels. It was founded in the year 2012. The OYO platform offers hotel rooms at affordable rates all across South Asia. It also offers services like complimentary breakfast services, holiday packages, rewards, etc.

    The platform has made travel experiences for people easy and reasonable. It has a revenue of INR 4,157 crores, in 2021.

    7. Udaan

    Revenue: INR 8450 Crores in FY 2022

    Udaan - A trade processing startup
    Udaan – A trade processing startup

    It is a network-centric B2B e-commerce platform founded in the year 2016 in India. The startup helps traders, manufacturers, and wholesalers to connect directly in one place. Udaan startup also facilitates secure payments and smooth logistics.

    Udaan has been successful in solving the problems of trade for businesses across India. It has a revenue of INR 5,919 Crores in FY 21. However, in FY22 Udaan has shown Rs.8450 cr in revenue with a loss reaching Rs.3030 cr which is 22.1% more compared to the FY21 loss of Rs. 2482.

    8. Digit Insurance

    Revenue: INR 5,268 Crores in FY 2022

    Digit Insurance - An insurance providing startup
    Digit Insurance – An insurance-providing startup

    It is an operator of an insurance brokerage firm founded in the year 2016 in India. The Digit Insurance company offers insurance for commercial and non-commercial vehicles, property, and travel.

    Digit Insurance is one of the leading insurance companies in the nation enabling clients to make informed decisions and get themselves insured. It has a revenue of INR 5268 crores in FY22.

    9. PharmEasy

    Revenue: INR 4363 Crores in FY21

    Pharmeasy - The online drug/medicine delivery startup
    Pharmeasy – The online drug/medicine delivery startup

    PharmEasy is an Indian e-pharmacy startup, founded in the year 2015. PharmEasy sells medicine and healthcare products, along with that it also connects local clinics to medical stores for health equipment supply.

    In order to expand business PharmEasy has started connecting doctors to patients online and jumped into Lab testing operations now. Though PharmEasy total revenue has increased 48% to Rs 6,461.1 crore in FY22 from Rs 4,363.2 crore in FY21.

    But it’s a loss that has been widening. The company has now started to take steps to make it profitable in the coming years despite having fierce challenges from its competitors.

    10. Dream11

    Revenue: INR 2,554.4 Crores for FY2021

    Dream11 - A fantasy sport startup
    Dream11 – A fantasy sport startup

    It is a fantasy sports platform based in India, founded in the year 2008. Dream11 startup enables users to play fantasy sports like cricket, kabaddi, hockey, basketball, and football.

    This has been the first Indian gaming company to become a unicorn. The gaming startup has revenue of INR 2554.4 crores for the Financial Year 2021.

    Conclusion

    The startups in India have seen massive growth in the past decade. Many startups were able to attain the status of unicorn in recent times making India the third-largest hub for unicorn startups in the world.

    India has always been famous for its successful talent in technology, medical fields, and more. Now, the nation is shining bright with its batch of growing startup industry.

    FAQs

    What is a Unicorn company in India?

    A unicorn company stands for the term for any privately owned company having a value of more than $1 billion.

    Which city has the most startups in India?

    At present times, the city of Bengaluru claims the position of the Indian city having the most number of startups in India.

    Is BYJUS profitable?

    No, the ed-tech platform BYJUS is highly appreciated for the introduction of a new concept in the world of education. It is counted among the most profitable unicorn in India.

    Are Indian unicorns profitable?

    India contains more than 100 unicorns on its record. However, not every unicorn is counted as a profitable company. It is estimated that out of 100 only 18 unicorns are profitable.

    Which is the biggest startup in India?

    India is home to many valuable startups. Some of the biggest startups in India are Urban Company, Paytm, Classplus, Razorpay, etc.

  • Top 19 Delhi Based Startups | List of Successful Startups in Delhi

    Delhi is making great strides in its journey to become the hottest startup destination in India with more than 1500 startups. The list given below discusses some of the most successful startups in Delhi that are in the process of leaving a lasting impact.

    Before proceeding, if you know about any other startup in Delhi that can or is making a difference, please let us know in the comments below. We would love to cover them in this post.

    You can also go through the list of startups in Lucknow, Gurgaon, and Goa.

    Also read – Funding & Investors for your startup.

    List of Startups in Delhi

    1. Zomato
    2. Inshorts
    3. Snapdeal
    4. MobiKwik
    5. Green Cure Wellness
    6. Hike
    7. Collegedunia
    8. Zostel
    9. GoldSeat
    10. Chaayos
    11. Revfin
    12. Dogspot
    13. TrulyMadly
    14. Flyrobe
    15. 3Hcare
    16. Ikka Dukka
    17. Imperial Knots
    18. Wingify
    19. LimeTray

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    Startups in Delhi

    Zomato

    Founders: Deepinder Goyal, Pankaj Chaddah, and Gaurav Gupta
    Founded in: 2008
    Industry: Food Delivery

    Zomato - Startups in Delhi
    Zomato – Startups in Delhi

    Zomato was initially launched as Foodiebay, an online marketplace to search for and review restaurants. As of now, Zomato is the biggest food delivery business in India and is counted among the best organizations across the globe in this domain. If you’re a hardcore foodie, chances are you would have already used Zomato’s services. Zomato is operational in over 20 countries and is adding new destinations to its list with passing time. It has also ventured into events and grocery sourcing for restaurants. With over millions of dollars in funding, the company stood at a valuation of approximately $3.6 billion in 2019 as per HSBC.

    Zomato (Foodiebay) was founded by Pankaj Chaddah, Gaurav Gupta, and Deepinder Goyal in 2008. Deepinder came up with the idea of Foodie bay seeing his colleagues consistently ask for paper menu leaflets of different restaurants for ordering food. The solution was an app which digitized these paper menus and leaflets, making it easier to browse through the menus of different restaurants from the comfort of one’s phone.

    Inshorts

    Founders: Azhar Iqubal, Anunay Arunav, and Deepit Puryakshatha
    Founded in: 2013
    Industry: Media

    Inshorts - Top Startups in Delhi
    Inshorts – Top Startups in Delhi

    Inshorts aggregates trending news from different sites such as the Economic Times, TOI, The Hindu, etc. into crisp 60-words pieces for readers who can’t spare time for detailed news content. Inshorts also provides personalized news based on an individual’s preferences. Its AI engine intuitively understands what you like reading and delivers more of that in a single feed. Inshorts, in short (pun intended), is the perfect solution for a quick dose of the events happening around you. It has received over $20 million in funding from Sachin and Binny Bansal, the founders of Flipkart.

    The trio of Azhar Iqubal, Anunay Arunav, and Deepit Puryakshatha started Inshorts in 2013. Anunay did his M.Tech from IIT Delhi and Deepit did his Master’s from IIT Kharagpur. Azhar, on the other hand, is an IIT Delhi dropout.

    How To Start A Media Company In India
    Do you want to start a media company in India? You need to be aware of the legal procedure and some registration-related requirements that are covered in this StartupTalky post.
    StartupTalkyYash Gupta

    Snapdeal

    Founder: Kunal Bahl
    Founded in: 2010
    Industry: Ecommerce

    Snapedeal - Top Startups in Delhi
    Snapedeal – Top Startups in Delhi

    Snapedeal is one of the biggest startups to have emerged out of Delhi. It was founded by Kunal Bahl in 2010 as a platform for daily deals and coupons. After tasting success, the founder thought of expanding the company further as an online e-commerce store in 2011. Snapdeal received its first round funding in 2011; it was $12 million from Nexus Venture Partners and Indo-US Venture Partners. The company is facing a downfall in sales at the moment. However, it is still counted among the top 10 e-commerce ventures in India.

    MobiKwik

    Founders: Bipin Preet Singh and Upasana Taku
    Founded in: 2009
    Industry: Fintech

    MobiKwik - Top Startups in Delhi
    MobiKwik – Top Startups in Delhi

    MobiKwik is one of the most prominent Indian SaaS startups. MobiKwik is a virtual mobile wallet usable at more than 2,50,000 online and offline avenues. It was founded by the husband-wife duo of Bipin Preet Singh and Upasana Taku. MobiKwik sees an average transaction size of INR 700. The company claims to be growing at a steady rate of 20 percent MoM, which is a tad lower than the growth rate observed during demonetization. The company was bootstrapped with Bipin investing $250,000 of his own. Since then, MobiKwik has received a total of over $115 million through 6 rounds of funding.

    Green Cure Wellness

    Founder: Sanchit Garg
    Founded in: 2015
    Industry: Herbal/Ayurveda

    Green Cure - Top Startups in Delhi
    Green Cure – Top Startups in Delhi

    Green Cure Wellness manufactures herbal personal care items and health care products of international quality. Green Cure has a team of scientists in Germany who develop high-quality formulations which are as per European norms. It has another team of Ayurvedic specialists in India who make sure that these products are in line with Indian needs.

    Green Cure Wellness is a bootstrapped startup. The raw materials are sourced from Germany and Australia from companies with proprietary technology. These ingredients also have international certifications like NPA, Cosmos Ecocert, ISO, WHO-GMP, Kosher, NOP, and HACCP.

    Hike

    Founder: Kevin Mittal
    Founded in: 2008
    Industry: Social Media

    Hike - Top Startups in Delhi
    Hike – Top Startups in Delhi

    Hike is a messaging app-cum-social network. Hike messenger was one of the top social media startups in India. The company was the idea of Kavin Mittal. Kavin Mittal did his master’s from Imperial College, London. He is the son of Bharti Enterprises’ founder and chairman, Sunil Mittal. Hike raised its first funding of $7 million from Bharti and Softbank. It received another $14 million from the same investors. Since then, Hike has raised more than $200 million, mainly from Tiger Global, Tencent, and Foxconn.

    Collegedunia

    Founder: Sahil Chalana
    Founded in: 2014
    Industry: Edtech

    Collegedunia - Top Startups in Delhi
    Collegedunia – Top Startups in Delhi

    Collegedunia is a college search engine helping students find the perfect institution. Collegedunia gathers and maintains information on higher education both in India and abroad. It claims to feature more than 20,000 colleges, institutes, and universities, along with data on one million fees structures on its platform.

    Sahil Chalana started Collegedunia in 2014. Sahil graduated from BITS Pilani. He bootsrapped Collegedunia as a lead generation platform for educational institutes. He then received a funding of INR 1 crore from Umang Kumar.

    Zostel

    Founders: Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda, Varun Tiwari, Chethan Singh Chouhan, and Abhishek Bhutra
    Founded in: 2013
    Industry: Travel

    Zostel - Top Startups in Delhi
    Zostel – Top Startups in Delhi

    Zostel is a Delhi-based startup and India’s first chain of backpackers’ hostels offering secure, hygienic, and pocket-friendly accommodation. It’s the go-to place for wanderlust backpackers on a pocket-friendly budget. Since its inception in 2013, Zostel has expanded its network to cover 20+ Indian cities.

    GoldSeat

    Founders: Gaurav Kapahi and Nishchal Khetarpal
    Founded in: 2016
    Industry: Tech-Entertainment

    GoldSeat - Top Startups in Delhi
    GoldSeat – Top Startups in Delhi

    GoldSeat provides bus travel facilities and WiFi-connectivity on buses. It offers two great ways to access seamless offline entertainment. First, it offers free WiFi to passengers inside the bus. The second way is through a wide collection of movies that travellers can access either on the GoldSeat screens installed in the bus, or on one’s mobile by downloading the GoldSeat app.

    In June 2018, GoldSeat raised $ 3 million in funding. GoldSeat recently collaborated with Railyatri.in for the latter’s ‘Intercity Smart Buses’. It currently offers services to private players across Northern and Western regions, including Lucknow, Ahmedabad, Delhi, and cities in Haryana, Himachal Pradesh, Uttar Pradesh, Uttarakhand, Gujarat, Punjab, Rajasthan, and Karnataka.

    Chaayos

    Founders: Nitin Saluja and Raghav Varma
    Founded in: 2012
    Industry: Food delivery

    Chaayos - Top Startups in Delhi
    Chaayos – Top Startups in Delhi

    Chaayos is an online tea delivery and cafe chain launched out of Delhi. The company focuses on providing authentic beverages at economical prices. Chaayos is for all those ‘Chaifreaks’ (not forgetting the coffee lovers) wanting the best sip out of their cup.

    With Starbucks and Cafe Coffee Day seen as “ameer laundo ki jagah” (Hindi phrase for “place for the rich”), Chaayos ensures that the Indian middle-class population doesn’t feel left out. The company has established its chain of cafes in 6 Indian cities since starting out in 2012.  

    Revfin

    Founder: Sameer Aggarwal
    Founded in: 2018
    Industry: Fintech

    Revfin - Top Startups in Delhi
    Revfin – Top Startups in Delhi

    Revfin is a financial technology (Fintech) startup. Revfin is building the world’s most advanced digital lending platform. The platform will be used to underwrite and manage consumer loans to finance clean technologies through its NBFC.

    Revfin provides two types of loan:
    1. Regular personal loan: This loan can be taken for a variety of purposes and is paid back in equal monthly installments.
    2. RevLoan: An unsecured credit limit that you can use as and when needed. You can withdraw any amount in denominations of  INR 1000 up to your credit limit.

    Investors in Revfin are Harash Jain (CEO, Litejoy International and UK-based businessperson), Anil K Goyal (Founder, Anil K Goyal and Associates), Anil Lanba (Senior Technology Executive, EVP Pyramid Consulting), and Krishan B Singh (Investor based in New York).

    Dogspot

    Founder: Rana Atheya
    Founded in: 2007
    Industry: Ecommerce

    Dogspot | Top startups in Delhi
    Dogspot | Top startups in Delhi

    Online food delivery for people sounds too mainstream, right? Dogspot has disrupted this segment by making it possible for dog owners to have food for their pets ordered online. Dogspot is India’s largest online store for pet supplies. This Delhi-based startup has redefined pet care, making pet ownership as easy as cracking an egg.

    Funded by business tycoons such as Ratan Tata and Ronnie Screwvala, the company has made progress by leaps and bounds.

    TrulyMadly

    Founders: Sachin Bhatia, Hitesh Dhingra, and Rahul Kumar
    Founded in: 2013
    Industry: Dating App

    TrulyMadly | Top startups in Delhi
    TrulyMadly | Top startups in Delhi

    The Indian version of Tinder, Trulymadly is considered the best dating and matchmaking app in India. Unlike Tinder and other dating apps where the results are overwhelmed with hundreds of useless matches, TrulyMadly showcases only up to 10 results. The app requires you to fill up your profile through a series of questionnaires and based on the results, it links you to the ideal partner.

    Flyrobe

    Founders: Shreya Mishra, Pranay Surana, and Tushar Saxena
    Founded in: 2015
    Industry: Fashion

    Flyrobe | Top startups in Delhi
    Flyrobe | Top startups in Delhi

    The startup wanted to do something different. It wanted to explore a niche that wasn’t over-exploited. Flyrobe chose to offer rental of clothes for weddings and other occasions. It has an excellent range on offer, one that’s full of high-quality, reliable material. Flyrobe has also partnered with the big labels like Ritu Kumar, Masaba Gupta, and others. It has achieved a milestone of more than 5,00,000 app downloads.

    3Hcare

    Founders: Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra, and Dr. Gurdeep Singh Ratra
    Founded in: 2016
    Industry: Healthcare

    3Hcare | Top startups in Delhi
    3Hcare | Top startups in Delhi

    3Hcare is an online marketplace for healthcare services. It provides detailed information on the healthcare services available PAN India. User can simply log on to 3Hcare’s website and find diagnostics clinics and hospitals.

    3Hcare provides two services:
    Diagnostics – Over 1500 labs and test centers (NABL accredited) from 50+ locations throughout India.
    Plan My Surgery – An innovation by which patients can plan their surgeries with the best of surgeons at viable costs and schedule. Moreover, a price comparison feature is available, and the patient is also able to seek time- availability and appointment with the best-in-class doctors and hospitals.

    3Hcare received an angel funding of INR 65 lakhs within 11 months of its inception. The funds were used to develop the IT infrastructure and enhance other services. 3Hcare also raised $1 million in its second round of funding.

    Ikka Dukka

    Founders: Enda Noone and Nilisha Kholi
    Industry: Handicrafts

    IkkaDukka | Top startups in Delhi
    IkkaDukka | Top startups in Delhi

    The duo started the company in Delhi with a goal to curate a brand of artistic handicraft to prevent this cultural and heritage skill from fading into oblivion. The two took a sabbatical from work and began working on Ikka Dukka in 2013. Launched in 2014, Ikka Dukka sells exquisite, affordable collection of jewellery starting from INR 1,800. Ikka Dukka also sells home décor and bags. The Delhi startup is up-scaling the popularity of handicrafts.

    Imperial Knots

    Founder: Karan Kholi
    Industry: Textile

    Imperia Knots | Top startups in Delhi
    Imperia Knots | Top startups in Delhi

    Imperial Knots is an e-commerce website selling rugs and carpets. All Imperial Knots products are representative of artistic designs, aesthetic colors, and comfort while offering high standard floor coverings for your homes. The brand offers over 5,000 exclusive designs and is relentlessly creating new designs in line with changing market trends. Its flat weave rugs and hand-tufted modern carpets have attained immense popularity in recent years. The company has tie-ups with various websites such as Pepperfry, Amazon, Urban Ladder, and Ikka Dukka for showcasing its products.

    Wingify

    Founder: Paras Chopra
    Founded in: 2010
    Industry: Software Development

    Wingify | Top startups in Delhi
    Wingify | Top startups in Delhi

    Wingify provides a ‘visual website optimizer’ to assist marketing professionals and increase sales and conversions on their websites using techniques such as A/B testing. Wingify is offering a multivariate testing tool to deal with behavioural targeting, tracking visitors, usability testing, etc.

    LimeTray

    Founder: Akhilesh Bali and Piyush Jain
    Founded in: 2013
    Industry: Information Technology & Services

    Limetray | Top startups in Delhi
    Limetray | Top startups in Delhi

    LimeTray is complete restaurant management platform. It a one-stop shop for everything a restaurant needs to grow, right from the technology to data-driven consulting services. LimeTray makes it easier for restaurants to tap into the customer base that lives online. The startup’s founding team consists of ISB and NSIT alumni with strong-domain knowledge; they built one of the largest online food-ordering portals prior to this venture.

    So this was our list of some successful startups in Delhi. Do share it on your social media profiles and tag us and your favorite startup from this list!

    FAQs

    What are the most successful startups in Delhi?

    Most successful startups in Delhi are listed below:

    • Zomato
    • Inshorts
    • Snapdeal
    • MobiKwik
    • Green Cure Wellness
    • Hike
    • Collegedunia
    • Zostel
    • GoldSeat
    • Chaayos
    • Revfin
    • Dogspot
    • TrulyMadly
    • Flyrobe
    • 3Hcare
    • Ikka Dukka
    • Imperial Knots
    • Wingify
    • LimeTray

    How many startups are there in Delhi?

    There are more than 1500 Startups in Delhi.

    What are the best startups in India?

    Top startups in India are:

    • AirBnB
    • Dunzo
    • Udaan
    • Byju’s
    • Zest Money
    • Cure. Fit
    • Razorpay
    • PharmEasy
    • Nykaa

    What is the best business to start in Delhi?

    Some of the best business to start in Delhi are:

    • Printing Business
    • E- commerce Business
    • Website designing
    • Interior Designing
    • Tutoring

    Which are Delhi based startups that became Unicorn?

    Delhi based startup that joined Unicorn club are:

    • Lenskart
    • BharatPe
    • GlobalBees

  • List of 11 Biggest IPOs that Failed and Disappointed Investors

    An IPO (Initial Public Offering) is a company’s coming out of the box moment, where a company goes public to raise money in exchange for shares that are a part of their company in the form of equity. If all goes well, the investors will scramble and rush to buy the stock, thus increasing the demand for their shares which will give them the rooftop listing prices. This is only the optimistic way of looking at this, of course; you can’t predict the outcome of how your stock will perform during the opening.

    But what if nobody shows up?, what if nobody buys your IPO? surely initial public offerings are a very good way of raising huge sums of initial capital but there are always downsides to it, like opening up to a wider public and dealing with market moods and cranky shareholders which are often not predictable.

    When is an IPO considered a failure?

    If the stock prices of the company do not meet the valuation at which the stock was listed, then the IPO is considered a failure.

    There were several booms in IPOs in India, but not every IPO was able to reap the valuation that it desired. Let’s know some of the biggest IPO failures.

    List of Failed IPOs

    1. Reliance Power
    2. Paytm
    3. Zomato
    4. RateGain Travel Technologies
    5. Cartrade Tech
    6. Krsnaa Diagnostics
    7. SjS Enterprises
    8. Kalyan Jewellers India
    9. Fino Payments Bank
    10. Aditya Birla Sun Life AMC
    11. Suryoday Small Finance Bank

    Reliance Power

    Listed in the year 2008, Reliance Power was also known as the dream IPO of Anil Ambani; this IPO ran very well on the hype wave and took the global market by storm. It was a hit even before reaching the market, and the speculations valued it at almost 190 billion dollars in the local market and also 100 billion dollars from foreign investors. It was one of the biggest IPOs to ever hit the market. But after all this, the IPO listing story was different. Only after a few days of listing did the price of Reliance Shares come crashing down, as if just the name of the company was not enough, nor the tag of Ambani. Very soon the dream run of Ambani’s Reliance Power came to a standstill and fast forward to today, the stock price of Reliance Power is down 99% from the listing price. There is nothing more to say after this, there will never be a bigger failure in the history of the stock market.

    Paytm

    2021 was such a dream run for all the stocks as the markets were breaking records and touching sky-high levels several times. Also known as the golden year for IPOs, Paytm is also a fintech company that launched its IPO in 2021. The failure can also be blamed on the extreme optimism of the company which issued it at a very over-the-top valuation which was around Rs 18,300cr. But even though the opening of the stock was very weak, it was listed in 1955 against the issue price of Rs 2150. Soon the stock lost close to 75% of its value and is trading at around 600 per share. Some blamed the company’s financials for its performance and some blamed its bloated listing price, and some even blamed it for hitting the market too soon; all said and done, the IPO was one of the biggest failures in the history of financial markets

    Why Paytm IPO failed?

    Zomato

    Zomato - Failed IPO
    Zomato – Failed IPO

    Even though one of the leaders in its sector Zomato is still a loss-making company and this has directly affected its IPO and market value. Hitting the market in 2021, Zomato had a pretty good run and had pretty good listing gains. But all of this came crashing down when Zomato shares faced a reality check when it lost 47% of their value in a single month of June 2021, and it is currently trading below its listing price.

    RateGain Travel Technologies

    RateGain - Failed IPO
    RateGain – Failed IPO

    Although this stock cannot be totally described as a total failure, it didn’t do any wonders either. It was listed on the stock market in January 2022 and it had a wonderful run when the stock zoomed more than 25% in less than a month of its listing. But soon the sunny days of the stock were over and currently, it is trading around 11% below its issue price

    Cartrade Tech

    CarTrade Tech - Failed IPO
    CarTrade Tech – Failed IPO

    Issued in the year August 2021, CarTrade Tech was one of the biggest failures an IPO has ever faced in such a short period of time. Even though the CarTrade Tech IPO was subscribed 20.29 times & the public issue was subscribed 2.75 times in the retail category, the optimism did not last long. Even though the stock had its dream run for a couple of months, then corrected itself and lost almost 35% of its value in the next couple of months.

    List of All the Upcoming IPOs in India 2022
    2021 was the year full of new startup IPOs from Zomato to Nykaa. 2022 also has many new listings, take a look at companies going public in 2022.
    StartupTalkyBhoraniya Huda Hifzur Rehman

    Krsnaa Diagnostics

    Krsnaa Diagnostics - Failed IPO
    Krsnaa Diagnostics – Failed IPO

    Launched in August 2021 Krsnaa Diagnostics is one of  India’s largest diagnostics providers.

    Even with a lot of optimism lurking around after debuting at a 7% premium over the issue price, this dream run did not last very long, the stock price of the company quickly lost its value after the declaration of its increased loss in FY20. The stock is currently trading close to -30% of its value from its issue price.

    SjS Enterprises

    SjS enterprises - Failed IPO
    SjS enterprises – Failed IPO

    One of the leading players in the Indian decorative aesthetics industry, SjS enterprises was a unique niche to hit the market, but that certainly was not enough to impress the investors. Even the debut of the IPO was very weak as it opened 5% below its issuing price. After debuting in the market in November 2021 the fate of the company’s stock did not change anytime soon and is still trading around 20% below its issue price, a part of the blame can be given to the low revenue growth of the company and low-income turnout too.

    Kalyan Jewellers India

    Kalyan Jewelers - Failed IPO
    Kalyan Jewelers – Failed IPO

    The IPO of this company was largely hit by the lockdown that was enforced throughout the country for the second time which forced Kalyan Jewelers to shut down all the stores in India, this made them lose 30% + of their revenue in a single quarter which disappointed the investors.

    Issued on March 2021, it can be fairly said that Kalyan Jeweler’s IPO was a failure largely due to their entry timing in the market and not due to any other aspect of their business.

    List of 100 Unicorn Startups in India | Top Unicorns in India
    India has 100 unicorn startups including Paytm, Byju’s, Zerodha and more. Here’s an exhaustive list of the Indian Unicorn Startup Companies that joined the unicorn club, updated to 2022.
    StartupTalkyAnik Banerjee

    Fino Payments Bank

    Kalyan Jewelers – Failed IPO

    It was one of the latest issues in the line of IPOs hitting the market in October 2021 and it definitely was not a hit. Fino Payments Bank’s IPO was launched in January this year and it has a PE ratio of 86.41 which did not impress the investors at all. The stock is down more than 30% year to date already.

    Aditya Birla Sun Life AMC

    Aditya Birla Sun Life AMC - Failed IPO
    Aditya Birla Sun Life AMC – Failed IPO

    Issued in September 2021 Aditya Birla Sun Life AMC had huge speculations and optimism attached to its IPO both by the investors and the company.

    There were only  two objectives of the IPO

    1. Achieve the benefit of raising capital from the large public market
    2. Execute the sale of 38,880,000 shares at a good price by selling them to the shareholders

    Even though the finances of the company were healthy, the company’s IPO was largely hit by the sentiment of the market which made the share prices fall more than 21% from their issue price.

    Suryoday Small Finance Bank

    Suryoday Small finance Bank - Failed IPO
    Suryoday Small finance Bank – Failed IPO

    Hitting the market in march 2021 when major big names in the market were shooting for IPOs proved out to be costly for this company, it seems having a good book value and good P/E ratio was not enough for Suryoday Small finance Bank and did not help in a better performance at the market. Zoom in to today the company has lost more than 55% of its value and is still on a bearish run just because of bad timing in the market.

    FAQs

    Which Top company’s IPOs have failed?

    Some of the biggest failed IPOs are:

    • Reliance Power
    • Paytm
    • Zomato
    • RateGain Travel Technologies
    • Cartrade Tech
    • Krsnaa Diagnostics
    • SjS Enterprises
    • Kalyan Jewellers India
    • Fino Payments Bank
    • Aditya Birla Sun Life AMC
    • Suryoday Small Finance Bank

    When is an IPO considered a failure?

    When the stock prices of the company do not meet the valuation at which the stock was listed, then the IPO is considered a failure.

    Why did Kalyan Jewellers IPO fail?

    Analysts believe that the shares of Kalyan Jewellers IPO were overvalued compared to its profitability in the market.

    Which is the best IPO?

    As per performance, some of the best IPOs in 2022 are:

    • Adani Wilmar Ltd.
    • Ruchi Soya Industries Ltd.
    • Campus Activewear Ltd.
    • Hariom Pipe Industries Ltd.
    • Veranda Learning Solutions Ltd.

  • Top 9 Food Chains in India

    The food industry is adding up its contribution to the world food trade every year. The top food chains in India have emerged as one of the high-growth and high-profit sectors. It is due to its immense potential for value addition, especially within the food processing industry. It has contributed almost 8.80 per cent of Gross Value Added (GVA) in Manufacturing and 8.39 in Agriculture. It sums up about 13 per cent of India’s exports and six per cent of total industrial investment.

    Therefore, we can drop the shade on how much the top food chains in India are contributing to the food industry, as well as the economy. We all are aware of the presence of these food chains around us. So, let’s take a look at these food chains that are extremely popular in the country.

    Domino’s Pizza
    Pizza Hut
    Barbeque Nation
    Subway
    Barista Lavazza
    Cafe Coffee Day
    Burger King
    Starbucks
    Haldiram’s

    Domino’s Pizza

    For the pizza geeks out there, Domino’s is like a one-stop destination to find love. Founded in 1961 by Tom Monaghan and James Monaghan, Domino’s is an American multinational pizza restaurant that has extended itself to be one of the top food chains in India.

    In 1996, the first outlet of Domino’s was launched in New Delhi. Later, the franchise rights to Domino’s Pizza in India is owned by Jubilant FoodWorks Limited and its subsidiaries in 2011. Besides pizza, they also serve a few other sides and Italian dishes.

    Pizza Hut

    Pizza Hut is another food chain founded by Dan Carney and Frank Carney in the year 1938. It is another pizza seller brand that has been at the top and is an American multinational restaurant chain. A strong competitor of Domino’s Pizza, Pizza Hut has launched in India in 1996. Gradually it has branched itself into 430 outlets till now.

    It is further planning to double its store count to over 700 in the coming five years. The owner of the US quick-service restaurant brand, Yum! Brands India is the second-fastest-growing market for Pizza Hut. It has contributed in the April-June quarter, upto 22% system sales growth.

    Barbeque Nation

    Barbecue Nation is one of the most widespread food chains in India. The startup emerged in India in 2006 and has been phased popularly as “Let’s party at Barbeque Nation.” It was founded by Sajid Dhanani

    Barbeque Nation offers its customer a wide range of food mixed with special herbs and other spices. A few featured items from this place include Veg Keema, parantha, crispy corn, Cajun-spiced potatoes, mutton dishes, chicken Angra and so on. The brand is famous for serving a wide range of buffets to its customers.

    Subway

    Subway offers a variety of freshly baked bread with different sides that just spices up the tongue of the customers. It was founded by Fred DeLuca and Peter Buck in the year 1965 No one can deny the quality of the food is indeed very good at Subway. Apart from bread, Subway offers subs, salads, treats, and desserts and to add there are pepperoni sandwiches, ham, and salami too.

    Subway is considered to be the second-largest QSR chain in the country as counted by the number of outlets they have. After launching in India in 2001, gradually it aimed at growing its business further. Now it has become one of the most popular food chains in the country.

    Barista Lavazza

    Sterling Group sold Barista to Lavazza in 2007 and by 2009, it became a well-known food chain in India with 200 outlets. Coffee culture has become a thing all around the world, which made these cafes grow faster in pace along with their business. Barista Lavazza is one of the ultimate places that served exquisite Italian coffees.

    Meanwhile, Barista claims to bring new meaning to Italian coffee which is to be consumed in the Indian sub-continent. Apart from India, it has customers from Sri Lanka, Bangladesh, Maldives, Nepal and Myanmar.

    Cafe Coffee Day

    Talking about coffee, our country is equipped with other top food chains in India, Cafe Coffee Day. It’s the favourite hangout lounge for almost all generations of people, especially the young ones. Apart from a wide variant of coffee, they also offer chicken Cheeseburger, big crunch veg classic burger, hot brownie fudge, black forest cake, double shots coffee, and a never-ending list.

    Started their journey in 1996, the Chikkamangaluru based company, under the parent company Coffee Day Global. Currently, Cafe Coffee Day has around 1500 outlets, making it one of the top food chains in India. One of the finest arabica coffee bean producers in Asia now exports them to abroad as well.

    Burger King

    Burger King is a popular America-based burger joint. It is considered to be an absolute competitor of Mc Donald. It arrived in the year 1996 and has successfully set up 400 outlets in two decades. This has helped shape fast-food consumption in India, later making it one of the popular food chains in India.

    The outlets are available in all the major cities of the country. They are Bangalore, Mumbai, Chandigarh, Coimbatore, Kolkata and many other places. Along with a few burger meals and other combinations, they also offer King XL, cheeseburgers, bacon King Jr, a range of whoppers, and even crispy and curly fries. For their dessert sections, they offer Pancakes, Frappuccinos, Delicious Chocolate milk, ice creams and a few other things too.

    Starbucks

    A popular phrase to start with, someone once said that ‘Starbucks is not just a brand; it’s an emotion.’ It is yet to be justified how much it holds the emotion in its customised coffee cup. however, talking about its existence in India, teens are in love with their named being carved on the coffee cups. The brand has indeed worked a great deal to enhance its business to become a food chain that is popular and mighty.

    Widely known for its hot coffee Frappuccino, espresso, and freshly brewed coffee, it also serves other beverages like shakes, which are pretty popular too. The menu does not halt here. They also offer lip-smacking snacks like chicken Kathi, paneer Kathi roll, tandoori paneer. IT has also included other delicacies like cakes, croissants, and muffins.

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    Haldiram’s

    Starting with bhujiya and other mini snacks, Haldiram’s now offers full-fledged restaurants in big cities like Gurgaon, Mumbai, Delhi, Kolkata, Bangalore, etc. It is its reputation and food quality that summed it up to reach the top of the food business.

    It has been eight decades that Haldiram’s been functioning successfully running throughout the country. The Delhi and Nagpur based Indian sweets and snacks manufacturer has grown at a tremendous pace over the years. So much so, it has also been crowned as the country’s largest snack company in 2017.

    Conclusion

    For the food-geeks, these are some of the most famous food chains in India that will never let you down. Be it a party or a mood swing, you can easily grab any one of them and it will perfectly match your vibe at any time. Most of the companies even offer home delivery. Apart from that many food delivery websites deliver these items from these food chains to your doorstep.  

    FAQs

    Who founded Haldiram’s?

    Shivkisan Agrawal is the founder of Haldiram’s.

    How many stores of Pizza Hut are there in India?

    Pizza Hut has over 500 stores in India.

    Is Cafe Coffee Day an Indian brand?

    Cafe Coffee Day is an Indian brand founded in the year 1996.

  • Case Study of How Indian Brands Under Twitter Attack After Indo-China Conflict

    Indian based startup unicorns like Flipkart, Zomato, Swiggy and Paytm have recently been under the radar of Twitterati accused them of getting investments from Chinese investors. This anger has abruptly taken a rise after the deceitful act done by China at the Galwan Valley after 20 Indian soldiers were killed.

    People have shown their anger on Twitter and have also suggested to start boycotting the services of these applications which are either china based or being funded by Chinese investors all over India. Many users have asked that these companies should get their stakes back as most of the stakes of these companies are in the hold of Chinese investors.

    How Flipkart Responding To The Situation?
    Snapdeal Statement
    China’s Investment and Future Prediction

    How Flipkart Responding To The Situation?

    People on Twitter are asking people to boycott and it can be a harm to their current market situation. Although they have not come up with any formal response regarding this they posted a photo informing people that how they are trying to help sellers across India to work hard and how they will support them by providing their health insurance plans, by laying off the storage fees and trying to provide flexible work policies making them feel more comfortable and helping these sellers to ease their work.

    China has created a large effect in the Indian market by investing frequently in the past 5 to 6 years. Many of the Indian homegrown startups have been backed up by Chinese investors. China has been a key investor in the technological development of the Indian market. With the recent situation where people are boycotting Chinese goods and the Government is banning Chinese Apps, things are turning worse.

    “The overall sentiment is anti-China and that is building on various counts which have now been aggregated. A lot will depend on whether or not the government wants to play the hardball.The social media storm was inevitable. In the past also we have seen how some apps were downgraded citing ‘national interest’. There could also be some direct business impact for the time being. However, how it will reflect in the long term will totally depend on the way the government plans to handle the current situation.” – Anonymous Industry Executive

    Snapdeal Statement

    While companies like Flipkart, Ola, Zomato, Swiggy and Oyo have not given any formal statement or uttered any word regarding this but Snapdeal came forward to give a statement.

    “Snapdeal has always been focused on creating opportunities and access for India’s small and medium businesses – sellers and manufacturers. For over a decade, we have championed the cause of Indian MSMEs and provided them with a platform to grow and succeed. As a proudly Indian company, we remain committed and steadfast in this mission.” – Snapdeal

    China’s Investment and Future Prediction

    A source named Gateway House has estimated around $4 billion of investments have been done by them in India’s technology-based Startups in 2019 while a $2 billion investment was done in the year 2018. Moreover, at least 18 of the top 30 startups in India are being backed by Chinese investors.

    Ant Financial, Tencent, Shunwei Capital, and Alibaba are some of the big Chinese investors who have their stakes in Indian based unicorns. Well, a startup founder has also stated that after the month of April the Chinese investments have started to come down due to which the doors have been opened for other avenues which are based in UK, USA, Middle East and India.

    “Fresh investments will take time because everyone is cautious as to what will happen next. There is going to be a bit of a lull because the sentiment is certainly low. Both Wuhan and border tensions have come at the same time. There is an element of negativity. However, it will not have a major impact on the existing companies operating in India that have Chinese investors on board. The very fact that Chinese companies have invested in Indian firms, doesn’t make them ‘Chinese products’. There are so many Indian companies that have set up manufacturing units in China. If we keep on boycotting things like this, we will end up hurting our own economy and the talent growth” – Sreedhar Prasad, Independent E-commerce Analyst

    Conclusion

    Although it will be a hard road for India on the economic front for a while as there is a ban on the investments by the world’s second-largest economy it will help in getting invested by other countries too which are more reliable and will help create a good relationship with them. Also, it will be helping all the Indian based startups and entrepreneurs and provide them with a great opportunity in the near future.

    With the current tensions at the border, it looks impossible for a while to expect good relations with China and the spread of the deadly coronavirus will also play an important role in the Chinese market as many countries would give a second thought to having economic relations with them.

    The USA is the world’s largest economy, and is showing some disinterest in China for the past two to three months too can look forward to India and can become a prime investor in these firms.

    FAQs

    How many Chinese apps are banned in India?

    224 Chinese are banned in India since 2020

    Is PUBG banned in India?

    PUBG is banned in India under the instruction of the Government of India.

    Why Chinese apps are banned in India?

    Chinese apps are banned in India because of the security and thereat of Indian citizens and the ongoing conflict between the two countries.

  • List of Companies Which Provides Work to Gig Workers of India

    Gig employment has revolutionized the Indian economy in recent years, providing a large number of jobs for the population and adding to the country’s GDP in the long run. It is getting so popular that people are actively choosing gig work over regular work due to the convenience and flexibility of the job. Companies that recruit gig workers save money on office space, equipment, and other expenses, while workers enjoy flexible work schedules and the opportunity to do something they like and also earn more by doing multiple gigs.

    Gig jobs were already popular before the pandemic, but since the COVID outbreak, many individuals who lost their normal employment have turned to gigs, which are very easy to find and offer an excellent opportunity to make money. More businesses are turning to gig workers in place of full-time staff, and their operational methods are shifting as a result. This allows them to hire more talent but at a lower cost.

    Companies that provide gig jobs are expanding in India, and they are assisting a large number of people who are looking for work. We’ll take a look at a few of these businesses in this article.

    List of Best Companies for GIG Workers

    1. Flipkart
    2. Urban Company
    3. Bigbasket
    4. Swiggy
    5. Zomato
    6. Amazon
    7. Dunzo
    8. PharmEasy
    9. Ola Cabs
    10. Porter
    11. Uber
    12. Mr. Right
    13. Blinkit

    About Gig Economy and Benefits and Challenges of Gig Workers

    Flipkart

    Flipkart - Gig Economy Company
    Flipkart – Gig Economy Company

    Most of the gig workers working at Flipkart are delivery service people. Founded in 2007 by Sachin Bansal and Binny Bansal, the e-commerce giant connects sellers to the consumers and delivers the products to the customers. Flipkart also provides training to its supply chain employees and provides them with all the gear necessary for the job.

    Urban Company

    Urban Company - Gig Economy Company
    Urban Company – Gig Economy Company

    Urban Company is an on-demand home service platform that allows consumers to access a variety of services from the comfort of their own homes. Urban Company currently has 35,000+ skilled professionals providing 7,50,000+ services each month, as well as having a worldwide presence in four countries.

    Bigbasket

    Bigbasket - Gig Economy Company
    Bigbasket – Gig Economy Company

    Founded in 2011, Bigbasket is an online grocery delivery service that brings goods to your home once you place an order. The company employs roughly 35,000 people across 30 Indian cities, a large percentage of which are delivery drivers.

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    Swiggy

    Swiggy - Gig Economy Company
    Swiggy – Gig Economy Company

    Swiggy is an online food delivery service that brings food right to your door. Founded in 2014, Bangalore-based company that operates in 500+ cities. Swiggy is also known as one of the fastest-growing unicorn companies in India. This delivery business, which employs over 1,30,000 people, makes around 1 million deliveries every day.

    Zomato

    Zomato - Gig Economy Company
    Zomato – Gig Economy Company

    Zomato was launched in 2008 as Foodiebay, and in 2010 it was renamed Zomato Media Pvt Ltd. Deepinder Goyal and Pankaj Chaddah were the founders of the Zomato. The business joined India’s Unicorn club in 2018. It is available in a variety of countries, including the United Arab Emirates, Sri Lanka, Canada, Australia, and the United Kingdom.

    Amazon

    Amazon - Gig Economy Company
    Amazon – Gig Economy Company

    Amazon first entered the Indian market in 2013, and it has since grown to become one of the country’s largest online retail platforms. Amazon has created Flex, which provides part-time delivery work and other Amazon gig jobs in India for workers who want to make extra money. Those who have their own vehicles are eligible to apply for the delivery job, and can earn around Rs.140 per hour.

    Dunzo

    Dunzo - Gig Economy Company
    Dunzo – Gig Economy Company

    Kabeer Biswas, Ankur Agarwal, Dalvir Suli, and Mukund Jha established Dunzo in 2014. It’s an online service that delivers necessities and groceries to customers’ homes. The company is headquartered in Bangalore. Jaipur, Gurgaon, Delhi, Chennai, Pune, Bangalore, Mumbai, and Hyderabad are among the eight major cities in India where Dunzo is now active.

    PharmEasy

    PharmEasy - Gig Economy Company
    PharmEasy – Gig Economy Company

    PharmEasy is an online drug and healthcare supplies delivery service based in Mumbai. The application also provides online doctor consultations and telehealth. PharmEasy app works by taking the customer’s prescription, verifying it at the store, and then delivering the medications as needed. During the pandemic, the company also launched the gift a mask campaign, in which customers were encouraged to donate a mask to frontline employees, with the company matching each donation.

    Ola Cabs

    Ola - Gig Economy Company
    Ola – Gig Economy Company

    Ola cabs, often known as Ola, is an online taxi and rideshare service that offers consumers rides that can be simply booked online. The company, which is based in Bangalore, provides services in practically all of the country’s main cities. Despite its many issues, Ola continues to have a large user base in the country.

    Porter

    Porter - Gig Economy Company
    Porter – Gig Economy Company

    The company was founded in 2014 and is active in over 13 cities and has served over 50 lakh customers. The Porter provides transportation aids to the customers, which also helps the owner-drivers with employment and provides them with a consistent source of income. For now, the company has around 2 lakh owner-drivers.

    Uber

    Uber - Gig Economy Company
    Uber – Gig Economy Company

    Uber began operations in India in 2013, and it has since served over 95 million riders and drivers. It is an online taxi and rideshare company that accepts online reservations for rides. Uber India has supplied gig jobs to a large number of drivers, however the Uber structure in India is very different from that in other developed countries.

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    Mr. Right

    Mr. Right - Gig Economy Company
    Mr. Right – Gig Economy Company

    Mr. Right is a home service business that offers a variety of services such as appliance repair, deep cleaning, and more. The company accepts orders online and will send a professional with a good track record to the customer’s home to complete the work. The organization employs over 60,000 freelancers and offers a variety of home services.

    Blinkit

    Blinkit - Gig Economy Company
    Blinkit – Gig Economy Company

    Blinkit, formerly Grofers, is an online platform for ordering groceries and other necessities. Albinder Dhindsa and Saurabh Kumar founded the company in 2013. The company began operations in Delhi and has since expanded to other cities. The company’s goal is to alleviate the problems and inconveniences that customers and merchants face as a result of the market’s disorganized setup.

    Conclusion

    Gig jobs are slowly but steadily gaining popularity in India. Because of the pandemic, there has been an increase in gig workers, and some individuals are enjoying it and do not want to return to their former jobs. Gig jobs offer convenience and flexibility. Gig workers make up a major portion of the country’s workforce and contribute significantly to its GDP. It is something that the authorities must address, and actions to protect gig workers and provide them with fair working conditions must still be taken.

    FAQs

    What is gig work?

    Gig workers work as short-term, temporary, or independent contractors for one or more companies, rather than a regular, in-office, full-time position with a single corporation.

    How much do gig workers earn in India?

    The average salary for gig workers in India is around Rs 12,000 to Rs 16,000.

    Delivery driver is the most popular gig job.

    What is called Gig economy?

    Gig economy is a workforce environment for short-term employment, contractual jobs, and independent contractors who do not get monthly wage, isntead they get paid for completing a Gig.

    Which are the Gig Economy Companies in India?

    Top 10 Gig Economy companies in India are:

    • Flipkart
    • Urban Company
    • Bigbasket
    • Swiggy
    • Zomato
    • Amazon
    • Dunzo
    • PharmEasy
    • Ola Cabs
    • Porter

  • How to Provide an Unforgettable Food Delivery Experience to Your Customers (8 Ways)

    The food delivery startups have seen a boom in popularity like Zomato, Swiggy by serving customer-preferred foods from their chosen restaurants. But not all the apps excel in the food customer journey with the same delightful customer experience. Any UI design service should give special attention to the relevance of delivery as per the user preferences to make the food delivery experience best for them. So, here are some food delivery customer experience aspects that any food delivery startup should adopt.

    Here are the few tips and techniques you can use to give your first customer a memorable experience to make the food delivery experience best for them:

    1. Personal Delivery by Founders/Team
    2. Deliver Good Quality Food
    3. Timely Delivery
    4. Treat Every Customer as a Unique Customer
    5. Personalized Food
    6. A Personal Thanking Note
    7. Surprise Discount on Food – Who Doesn’t Like It
    8. Take a Pic – Save It Forever
    FAQ

    1. Personal Delivery by Founders/Team

    This might sound a little unconventional but delivery by promoters or founders can make the delivery experience memorable for customers. Sometimes, this might not be possible for founders but if possible, delivering personally in the initial days and letting customers know that they are among the first customers of the business after delivery can make the customer feel special. One popular example of this is, In the U.S. the UberEats CEO, Dara Khosrowshahi delivered the food personally to the customers.

    UberEats CEO Tweet
    UberEats CEO Tweet


    2. Deliver Good Quality Food

    Maintaining a good quality of food is obviously the most important aspect of food delivery customer experience. In order to do so, the delivery guy must be instructed to maintain the food parcel with utmost care. Take feedback from customers & work on them to improve. You can also add sample packets of other food products so that customers can order next time if they want.

    3. Timely Delivery

    Tasty food on time is what the customer wants. Delivering food on time is another most important aspect of delivering food. For this, customers must be given an estimated delivery time beforehand. At the same time, the location tracking feature can be provided so that customer gets the real-time estimation of delivery.

    4. Treat Every Customer as a Unique Customer

    An AI model must be used to personalize the experience of customers which gives the feeling of being someone special. The startup must use intelligence into categorizing food on the basis of which it offers recommendations around dishes and restaurants that serve similar food.

    For enhancing the search experience, Swiggy has built a custom AI model Sumo Logic that ranks all the restaurants uniquely for every single customer. The list of restaurants is unique for each customer, matching his preference.

    Sumo Logic is a secure, cloud-native, machine data analytics service, delivering real-time, continuous intelligence from structured, semi-structured, and unstructured data across the entire application lifecycle and stack.

    5. Personalized Food

    Allowing menu-based browsing and restaurant listing based on user preferences, the listing should come with a clean listing of the food prices. In the initial days, after the customer placed the order, call them to confirm their taste preference. For example, whether they want it to be spicy or sugar-free. It will be the icing on the cake if you can personalize the food and if the chef could write a personal note as well.

    6. A Personal Thanking Note

    A nicely written personalized note from the founder thanking customers can delight their hearts. You can also give them free food for the next two orders or you can also give free Mouthfreshner/Chocolates/Sweets. It would signify that you want to share the happiness of starting your new business along with them. Also, it can be extended to all customers ordering from you on the first day, rather than just the first customer.

    7. Surprise Discount on Food – Who Doesn’t Like It

    One of the best tricks is to surprise customers with a discount on the delivery amount. Giving a discount as a surprise would make the customer remember the online food portal forever.

    8. Take a Pic – Save It Forever

    You could take a picture of the customer accepting the food delivery and frame it using a beautiful frame with your company logo and gift it to them with coupons/ discounts for further usage or if you want to do more you can make an entire video journey of how much love and care has gone into the process and have a full meal delivered with a full staff team and everything to pamper the client. Document it all, just to show that this is what your company does. It delivers customers great food at the comfort of dining at their home

    If you know of any other hack to delight the first customer please let us know in the comments.

    Conclusion

    The first delivery is always a memorable experience for a food delivery startup. However, for customers, a startup is not the first. Probably they have already tried different websites before coming to yours. The only thing which will make them come back to your website again is the experience that you provide. If you plan to launch a food delivery startup you always wanted your first customer to be very delighted by your service. Delivery experience is like the first impression for food delivery startups. If you excel in providing a great experience to your customers then you have already earned a potential customer.

    FAQ

    What makes a good food delivery experience?

    A great key is to create a great online food startup’s delivery experience for your customers is checking on their food quality. It’s your way of saying thank you to your customers. Also, make sure that the food is sealed well and all the needed condiments are also included in the packaging. Don’t compromise quality over speed.

    What aspects of the customer experience make a food delivery service stand out?

    Personal Delivery by Founders/Team, Deliver Good Quality Food, Treat Every Customer as a Unique Customer, and A Personal Thanking Note will make your customer experience make a food delivery service stand out.

    How can I promote my food delivery?

    Invest in paid advertising, send emails, partner up with local influencers, and do local SEO.

  • IPO India- How It Works? | Top 10 IPO Listing and Funding 2021

    IPO is a term that many of us are hearing nowadays. The ones who know about businesses and share markets are familiar with it. But few still don’t know what IPO is.

    It is simply a process that makes a private company become public. Investing in IPOs can be a lucrative option to earn great financials in the future.

    IPO investing does seem a good idea to almost everyone. However, it might not always be successful. It is important that you are a well-informed investor who knows about this world.

    IPO has a way of working in India. The entire process gets monitored by SEBI (The Securities and Exchange Board of India).

    About IPO
    How IPO works in India?
    How Does IPO Price is Decided in India?
    Top IPO Listings and Funding India 2021

    1. Zomato
    2. Nykaa
    3. Paytm
    4. MTAR Technologies Limited
    5. Easy Trip Planners Limited
    6. Paras Defence and Space Technologies Limited
    7. Nureca Limited
    8. Clean Science and Technology Limited
    9. Latent View Analytics Limited
    10. Laxmi Organic Industries Limited

    Conclusion
    FAQs

    About IPO

    IPO stands for Initial Public Offerings. As the name suggests it is a process that makes a company available to the public so that they can buy a share of it.

    Any company with any type of business, size, or time of existence can get itself listed for being public. IPO simply helps a company to earn funding through public.

    The company shares gets available to the public after initial public offerings. Investment banks help the company with the IPO process. The money raised through IPO enables a business to grow further. This in turn helps the shareholders to gain profits.

    About IPO Process

    How IPO works in India?

    When a private company needs huge capital which is way beyond its reach to raise, it resorts to other measures. One of the best and lucrative options is to ask the public for investment through IPO.

    A company can sell the shares itself, but this makes the process highly taxing. So, companies tend to hire investment banks to take care of the entire process.

    The process of IPO in India involves the following steps:

    Step 1

    At first, the company creates an agreement with the investment bank. This includes the aimed amount to be raised, security issues, and other details about the process.

    Step 2

    Then they register a statement to the Securities and Exchange Board of India. The statement is then approved by SEBI after proper examination.

    Step 3

    After the approval, the company finalizes the shares to be sold to the public. It also finalizes the price for it.

    IPOs are available in two issues. These are fixed price and book building. In the former, the company creates a fixed price for each share to be sold. In book building, the company provides a range of prices. The people then place their bids within the range to get a share.

    Step 4

    After the price fixations, the shares are available for the public. The interested people then submit their applications for the shares. Then after scrutinizing the applications, the company’s share allotment begins.

    Step 5

    The final step is the listing in the stock market. When the public investors receive their share, they are then listed in the secondary market.

    How Does IPO Price is Decided in India?

    In simple words, it is decided by dividing the entire value of the company by the number of shares in the listing.

    The total number of orders received for shares and maximization of the trades to be executed at the time of stock exchange launch makes for the listing price.

    Top IPO Listings and Funding India 2021

    Zomato

    The online food delivery company, Zomato gained huge popularity with its IPO listing. The date of listing was 23RD July 2021. The issue price was Rs.73. The current BSE and NSE prices are Rs.132.70 and Rs.133.70.

    Public offerings helped Zomato raise Rs. 9,375 crores. Its debut in the share market turned various heads around.

    Nykaa

    Another popular IPO listing of the year 2021 is Nykaa. The beauty and wellness e-commerce company was listed on 10th November 2021. The issue price was Rs. 1,125. The current BSE and NSE prices are Rs. 2,063 and Rs. 2,018.

    The company raised funding of Rs. 5,352 crores through the public offerings.

    Paytm

    The Indian digital payments and technology platform’s IPO listing date was 18th November 2021. The issue price was Rs. 2,150. The BSE and NSE prices are Rs. 1,955 and Rs. 1950.

    Paytm raised Rs. 8,300 crores through initial public offerings.

    MTAR Technologies Limited

    MTAR Technologies, the engineering solutions company’s listing date was the 15th of March 2021. The issue price for the share was Rs.575. The current price at BSE (Bombay Stock Exchange) stands at Rs. 2236.95 and NSE (National Stock Exchange) current price is Rs. 2237.95.

    After the sales of shares, the company gained Rs. 179 Crores through IPO.

    Easy Trip Planners Limited

    Easy Trip Planners or EasyMyTrip is the online Indian travel company found in the year 2008. EaseMyTrip got listed on 19th of March 2021. The issue price of the share was Rs.187. The current BSE price stands at Rs. 520.25 and NSE price is Rs. 593.85.

    The company got the funding of Rs. 229 Crores after selling the shares to the public.

    Paras Defence and Space Technologies Limited

    Paras Defence and Space Technologies Limited deals in engineering products and solutions. The listing date for the company was 1st October 2021. The issue price was Rs. 175. The current BSE and NSE price stands at Rs. 732.4 and Rs. 732.9 respectively.

    The company earned funding of Rs. 51 crores through IPO.

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    Nureca Limited

    NURECA, the health and wellness products company’s listing date was 25TH February 2021. The issue price was Rs.400. The BSE and NSE current prices stand at Rs. 1390 and Rs. 1390.4.

    The company received funding of Rs. 44.55 Crores through initial public offerings.

    Clean Science and Technology Limited

    The company uses the latest technologies to manufacture specific chemicals. The listing date for the company was 19th July 2021. The issue price was Rs. 900. The BSE current price is Rs. 2481.65 and NSE current price is Rs. 2476.15.

    Through IPO the company collected a capital of Rs. 464 Crores.

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    Latent View Analytics Limited

    Latent View Company helps with the processes related to digital consumers. It got listed on 23rd November 2021. The issue price was Rs. 197. The current BSE and NSE price of the company is Rs. 491.55 and Rs. 491.3.

    The company received the funding of Rs. 267 Crores through IPO.

    Laxmi Organic Industries Limited

    Laxmi Organic Industries Ltd. is the chemical manufacturing company. The company was listed on 25th March 2021. The issue price was Rs. 130. The BSE current price is Rs. 396.45 and the current NSE price is Rs. 396.5.

    IPO listing helped the company to raise funding of Rs.180 Crores.

    Conclusion

    The IPO market in the year 2021 has seen a great amount of growth. Many startups like Zomato, Nykaa, Paytm have entered the unicorn club through IPO this year.

    IPO investing has two sides. It can be super flourishing but also a doorway to loss. So, it is necessary to do proper research about the company and the market before investing. IPO is a lucrative way that makes for company growth by making it available to the public.

    FAQs

    How many IPO are there in 2021 in India?

    As per data by BSE, a total of 63 Indian companies went for IPO in 2021.

    Which IPO is the biggest IPO in India?

    The listing of LIC is considered to be India’s biggest ever IPO.

    What are the top IPO funding in 2021?

    Some of the top IPO Listings and Funding in India in 2021 are:

    • MTAR Technologies Limited
    • Easy Trip Planners Limited
    • Paras Defence and Space Technologies Limited
    • Nureca Limited
    • Clean Science and Technology Limited
    • Latent View Analytics Limited
    • Laxmi Organic Industries Limited
    • Zomato
    • Nykaa
    • Paytm