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rohanmohanty ¡ 1 month ago
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Is Krisala 41 Zoy the Future of Residential Living in Hinjewadi?
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When I first heard about Krisala 41 Zoy in Hinjewadi, I was curious about all the buzz surrounding it. Being familiar with the area, especially its booming IT sector, I decided to check it out, and I have to admit—I was blown away. Located in Hinjewadi Phase 1, this project has everything a homebuyer could want. If you're someone who's looking to settle in one of Pune's fastest-growing tech hubs, you should definitely take a closer look at Krisala Zoy.
The Location Advantage
The first thing that struck me about Krisala 41 Zoy is its incredible location. It’s just a 6-minute drive from the Rajiv Gandhi Infotech Park, which is a huge plus if you're working in the tech industry. And with the Pall Metro Station located just 200 meters away, the daily commute to other parts of Pune is hassle-free. Whether you're heading to a meeting across town or just catching up with friends in Koregaon Park, it’s smooth sailing.
What's even better is the balance the location offers between connectivity and lifestyle. Krisala Hinjewadi offers easy access to schools, shopping malls, and healthcare facilities, making it a convenient place to live if you have a family. I visited the D-Mart nearby for some groceries and explored the BLISS International School, just a 10-minute drive away, and felt assured that this area had everything one might need.
A Modern Living Experience
What sets Krisala Zoy apart from other projects is the combination of luxury and practicality. I was taken on a tour of the two towers, each standing tall at 23 stories, and I could feel the attention to detail in every corner. The apartments, whether it’s a 2 or 3 BHK, are thoughtfully designed, with spacious layouts and modern interiors. The natural lighting and ventilation in these homes add to the airy, fresh vibe.
But let’s be honest: it’s the amenities that take the cake. I got a chance to dip my toes in the infinity swimming pool perched over 50 feet high. The view from up there is something you won’t forget anytime soon. There’s also a yoga center that immediately drew my attention—it’s the perfect way to start your mornings in a peaceful setting, away from the daily hustle.
The project also boasts a daycare center, which is a relief for working parents, and there’s even a multipurpose court for those who enjoy a bit of sports or social gatherings. What really impressed me is how everything seems to have been planned keeping residents’ comfort in mind. From the senior citizens' area to the kids' play zone, it’s clear that Krisala Zoy Hinjewadi aims to cater to every generation.
Is This the Future of Living in Hinjewadi?
I’d argue that Krisala 41 Zoy is certainly the future of residential living in this part of Pune. The real estate market in Hinjewadi has been growing steadily over the years, primarily because of the tech boom. But it’s projects like Krisala Zoy that are redefining what it means to live in this IT-centric part of the city.
With its premium homes, world-class amenities, and strategic location, this project checks all the boxes for young professionals, growing families, and even retirees. The convenience of being so close to Pune's key hubs, combined with the luxurious features of the apartments, makes it an attractive option for anyone looking to invest in property.
Why Krisala 41 Zoy?
If you’re still on the fence about whether Krisala 41 Zoy is worth your investment, let me sum it up: It’s not just about buying a house; it’s about buying into a lifestyle. The location makes your daily commute a breeze, while the world-class amenities ensure that your downtime is just as enriching as your work life. Plus, with Krisala Developers' reputation for quality construction and timely delivery, you know you're in safe hands.
For me, living at Krisala Hinjewadi would mean fewer worries about traveling, more time to relax, and a home that truly feels like a retreat from the bustling city life. If you're someone who values comfort, style, and convenience, Krisala Zoy is definitely a place you should consider.
In a city like Pune, where finding the perfect balance between work and life can be tough, projects like Krisala 41 Zoy make it a lot easier. So, if you’re planning on buying a home in Hinjewadi, this might just be the future of living you've been waiting for. Visit: www.krisala-41zoy.com
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migsunrohinicenter ¡ 5 months ago
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MIGSUN ROHNI CENTRAL: The Source Of A Passive Income
Welcome to the Migsun Rohini Central. This is a dynamic and expansive high-street commercial project where you can invest your money and earn the highest returns in a short time also if you invest in this project for the long term then you can earn a passive income from this project.
About The Migsun Rohini Central project:
This is a commercial project located where you can buy a commercial space in Migsun Rohini Central Mall. In this project you will get a space in a shop Based on your investment you get an interest on your investment.
About Location:
This Mall is Located in the heart of Rohini Sector 22, Delhi. Near Rohini Metro station this Is a very beautiful & Strategic Location for visitors
Migsun Rohini Design:
For Visitors Boulders focus on comfort and functionality. In this Mall, visitors will get a premium feel, beautiful design, high-speed elevators, round-the-clock, security surveillance, & ample parking facilities, and much more Migsun Rohini Sector 22 will be one of the best mall in the future.
Migsun Projects HIGHLIGHTS:
You can achieve high returns by renting out your property to well-known brands.
Spanning 9 acres, Rohini Central stands as the largest high street commercial area in Rohini, offering the highest returns when rented out to well-known brands.
At this mall, you will find modern infrastructure with contemporary elevators.
There is a wide range of opportunities available for commercial investors.
Situated on the 40-meter wide main road.
Debt-Free Developer
Neighborhood of 1 Lac+ Families.
Rohini First Luxury Mall
Modern amenities include high-speed elevators, power backup, and 24/7 security at Migsun Rohini Sector 22.
Brand Associated with Migsun Rohini:
In this Mall you can’t open your Shops, It Is the responsibility of the builder to bring the brands like Clarks Croce, Chicago pizza, Bombay Toastee, Haldiram’s, KFC, Barista, D Mart, Croma, and many more brands will come in this Mall Who Pay you Rend on your investment.
Why Choose  Migsun Rohini Delhi:
Prime location in the heart of Rohini, Delhi.
Conveniently accessible location in close proximity to Rohini West metro station.
D. Goenka Public School, Rohini Sector 22: 0.29 km away.
Saraswati Bal Mandir Senior Secondary School, Rohini: 0.61 km
A 20-minute drive from Indira Gandhi International Airport.
A Point of Growth and a Place to Succeed
RERA Number Migsun Rohini Central:
What is RERA:
RERA's full form is (Real Estate Regulatory Authority). Its Come's under the (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.
Migsun RERA Number: 
RERA Number of Migsun Rohini Central is (DLRERA2023P0019|10/2028). 
About Sector 22 Rohini:
Rohini Sector 22 is a strategic location. this is the perfect location for Migsun Rohini Central. this location is very crowdy and premium that's why builders chose this location for the project.  
Region presentation and neighborhood:
Rohini Area 22 is a private region arranged along Kanjhawala Street and Dahiya Badshah Marg in North-West Delhi. The advancement is overwhelmed by even improvements, for example, Manufacturer Floor Lofts and Delhi Advancement Authority (DDA) pads. The area significantly takes care of mid-fragment purchasers. It is limited by other neighborhoods of Area 39 in the north, Area 33 in the east, Area 41 towards the west, and Area 21 towards the south. It is partitioned into different pockets and has sub-regions including Begumpur. It is only 10-15 minutes from Rithala Metro Station and Downtown area Shopping center.
Social & retail infra:
Nearby many Schools, Colleges, Medical clinics, and medical services offices including Virat Companions Clinic, Dharamveer Solanki Multi-speciality Emergency Clinic, Shree Aggarsain Worldwide Emergency Clinic, and Vijaylaxmi Emergency Clinic. Well-known shopping centers cum diversion regions are Experience Island, Metro Walk, Downtown Area Shopping Center, and Solidarity One Shopping Center. The area additionally has simple admittance to quality social and retail conveniences accessible in close environmental elements.
Nearby employment hubs:
The closest work center points incorporate Mangolpuri Modern Region which is 7 km from the territory, Jahangirpuri Modern Region (15 km), and Karampura Modern Region (16 km). The area is 12 km from Netaji Subhash Spot, which is a significant business cum shopping mall, which includes business towers, workplaces, shopping buildings, shopping centers, restaurants, and so on. It has the presence of a few business substances including banks, insurance agencies, LIC, and other key business structures including Aggarwal Esteem Square. Likewise, noticeable workplaces in Connaught Spot can be gotten to through the Yellow Line of Delhi MetroSource: Magicbricks Exploration
About Builder :
Migsun is one of the main business bunches situated in Ghaziabad. It draws its heritage from a large number of enterprising endeavors that began two ages back. We began our excursion with the assembling of steel established by Mr. Harbanslal Miglani. In the year 1992, the organization was given shape and kept on expanding upon its standing in the land area. This was begun by the ongoing Executive and CMD of the gathering Mr. Sunil Miglani to grow a specialty unit worth copying by giving satisfactory speculation choices to all classes. Our organizations include land improvement, cordiality, retail, and recreation. Migsun family has been pursuing the particular objective of accomplishing greatness. Adding an endless flow of achievements, Migsun keeps on guiding fantastic qualities in its activities.
The third era is driven by Yash Miglani who has turned into a land goliath and has kept up with the perfect guidelines of greatness. Yash has effectively conveyed in excess of ten private and business projects while various private residences are under development.
Visit - https://www.rohinicentral-migsun.com/
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underaswift-sunrise ¡ 4 years ago
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Thank you so much @ashenwren for tagging me!!! This was sooo fun! 😍 I loved reading your answers as well!! It's going to be a bit long so it’s continuing under the cut! :D I won't be tagging anyone this time around :)
Go on reading if you want to know random things about me ;D
1. What is the color of your hairbrush? Black!
2. Name a food you never eat. I can eat almost everything but some types of read meat are just a no-no for me, I don’t like the taste brrrrr
3. Are you typically too warm or too cold? Usually very warm, but highly depends on how much I’m moving in that moment xD If I start walking a bit fast, I can feel too warm very quickly!
4. What were you doing 45 minutes ago? Watching Nirvana in Fire :D
5. What’s your favorite candy bar? I’m not sure if it’s a candy bar, probably not, but it’s from Ferrero so... It’s called Kinder Fetta al Latte in Italian (something like “milk slice”?) and it’s my absolute favorite sweet snack to eat! Strictly speaking of candy bars, I love Kinder Maxi King!
6. Have you ever been to a professional sports game? Yes,several times! I used to go see games of the fotball team I’m fan of, that is AC Milan.I love going to the stadium if I have a nice place to seat in, I’ve been to the hardcore fans sector more than once but it takes 3 days for me to recover afterwards ahah 
7. What is the last thing you said out loud? “Are they really going to show this movie tonight?” I was speaking about Alvin Superstar 4...
8. What is your favourite ice cream? Such a hard question!!! Probably hazelnut, but honorable mentions go to pistachio, melon, coffee, cassata and tiramisù 😍
9. What was the last thing you had to drink? Water ahah
10. Do you like your wallet? I stopped using a wallet years ago because I’m scared it will get stolen on public transport so I only have a small, rainbow colored card holder and I love it :D
11. What is the last thing you ate? A biscuit eheh
12. Did you buy any new clothes last weekend? No
13. What’s the last sporting event you watched? I have been feeling very disconnected from watching football games lately, probably because seeing the stadium completely empty makes me sad... And I was feeling so down during the first lockdown that I couldn’t bring myself to watch football games :( But the last event I watched was certainly an AC Milan game! 
14. What is your favorite flavor of popcorn? The plain one! 
15. Who is the last person you sent a text message to? I sent to a friend of mine a video of my cat sitting under the tv while the New Year’s concert in Vienna was playing 😂
16. Ever been camping? I haven’t! :( My family has never been into it, but I’d love to do it some day!!
17. Do you take vitamins? I used to take vitamin D but now stopped.
18. Do you regularly attend a place of worship? I don’t
19. Do you have a tan? I don’t really like being in the sun for a long time and this year I’ve been staying home most of the time so no tan for me xD
20. Do you prefer chinese or pizza? Don’t make me choose between good foods, my brain just can’t do this 🥺💔
21. Do you drink your soda through a straw? I rarely drink sodas but I love drinking through a straw!
22. What color socks do you usually wear? Usually plain black! 
23. Do you ever drive above the speed limit? No because I can’t drive! I really should get a license but it’s expensive and I don’t really need a car right now!
24. What terrifies you? Getting stuck in a narrow tunnel and never get out... Seriously, this is one of my recurrent nightmares when I get anxious or I’m in a bad place mentally. It’s just... terrifying 😰
25. Look to your left, what do you see? The door 🚪
26. What chore do you hate most? I actually enjoy cleaning if I have time to do it and I don’t mind most chores because I A) transform them into some sort of game (hanging and folding the laundry it’s my fave and also doing the dusting) or B) sing while I do them 😂 but if I have to pick one I’ll say making the bed because I have a bunk bed and I sleep in the top bed so it’s a struggle 😆
27. What do you think of when you hear an Australian accent? I like it! I’m not super familiar with it but I like it!
28. What’s your favorite soda? not a fan of sodas but I like Fanta!
29. Do you go in a fast food place or just hit the drive thru? I never eat fast food but since I don’t drive I’d go in xD
30. What’s your favorite number? 13!
31. Who’s the last person you talked to? My dad
32. Favorite meat? Meat is my least favorite food category but I like chicken 🤔
33. Last song you listened to? In Quest For by Avantasia ❤️
34. Last book you read? Oh dear... I haven’t read many books this year, mostly because I've read so much fanfiction and also... 2ha happened 😂 But the last one I’ve read is Una Donna by Sibilla Aleramo!
35. Favorite day of the week? Saturday, hands down! I think because I associate it with when I was in high school and uni and Saturday afternoon was “sacred”: no homework and no studying (unless I had an exam the week after), Saturday afternoon was made for meeting friends, enjoying my hobbies or just relaxing! And it still retains that atmosphere for me!
36. Can you say the alphabet backwards? Probably? Oh my goodness, I think I could but very slowly??
37. How do you like your coffee? I used to only drink it with milk but lately I like to have a good espresso in the morining! But my favorite always remains my dear cappuccino 💕
38. Favorite pair of shoes? My black combat boots 🥺
39. Time you normally get up? When I was working at the theatre I usually got up at 7,30 am, now I usually get up at 9am!
40. What do you prefer, sunrise or sunsets? Ahhhh some sunsets make me sad, but it depends on the situation, so I'm gonna say sunrise!
41. How many blankets on your bed? one
42. Describe your kitchen plates. If I could decide I would always have colored/patterned plates because I hate white, empty things (empty walls 😭), they give me a sense of unease! Unfortunately my parents bought white plates xD
43. Describe your kitchen at the moment. Not so tidy ahah
44. Do you have a favorite alcoholic drink? I don’t drink alcohol because I get sooo sleepy and lightheaded after half a glass of wine 😂 I can relate to lwj so much... But I love sweet wine!! Just in very small doses and preferably with a very low alcohol percentage 😂
45. Do you play cards? I used to play cards a lot!! My favorite games where scala quaranta, burraco and scopa, they're Italian games and I don't know if they have an equivalent in English 😱 My problem is I forget about the rules of the game if I don't play for some time xD
46. What color is your car? Don’t have one xD
47. Can you change a tire? I have no idea!!! 😱
48. Your favorite state or province? I suppose this is about the US but I'll talk about Italy and while my region is beautiful my favorite one is Tuscany! :D But there are some regions I've never been to!
49. Favorite job you’ve had? The one I was doing before this pandemic so ballet dancer! I tried different things to survive but honestly nothing beats the feeling of waking up, leaving the house and knowing your workplace is the theatre... Climbing the stairs to the ballet studio, walking through the corridors and hearing opera singers and musicians rehearsing, going to the stage or in the seats just to have a look at the empty theatre 🥺 Ahhh I'm making myself cry here, Gloria out!!! 😂
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foureverdrivingschool-blog ¡ 6 years ago
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Are You Ready to Start Driving Classes in Sector 41-D Chandigarh?
Are You Ready to Start Driving Classes in Sector 41-D Chandigarh?
If you Are Ready to start your driving classes with #1 Car Driving School in 41-D Chandigarh? Call NOW! +91-6239488623 Lets get You on the road, Ready to start driving? you are in safe hands. Fill Your Details Here and Start Your Car Driving Training Now!
We at FOUREVER DRIVING SCHOOL, believe that everyone deserves to be safe and this very concept has driven us to…
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techsciresearch ¡ 3 years ago
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MENA Used Car Market to Register Growth with a CAGR of 6.00% until 2026 – TechSci Research
Growing preference for luxury cars as well as need for personal transportation coupled with the growth of middle income group population is expected to boost the growth of used car sales in MENA countries.
According to TechSci Research report, “MENA Used Car Market By Vehicle Type (Small Cars, Mid Cars and Luxury Cars), By End Use (Institutional Vs Individual), By Fuel Type (Petrol/Gasoline, Diesel and Others), By Country (Iran, Saudi Arabia, United Arab Emirates, Egypt, Morocco, Kuwait, Oman, Qatar, Tunisia, Bahrain, Lebanon, Jordan, and Rest of MENA), Competition Forecast & Opportunities, 2016-2026F”, MENA Used Car Market is anticipated to grow at a robust rate of 6.00% during the forecast period, owing to rising demand for used mid cars from non-native executive employees. In MENA countries, executive employees are mostly posted from outside the countries, and are not permanent residents. Hence, they prefer a non-expensive used car for personal transportation. Saudi Arabia and Iran are the two most contributing countries to the MENA used car market. Recently, the removal of ban from women drivers in Saudi Arabia has resulted in an increase of women drivers. Moreover, opting for self-driving gives many women a sense of empowerment. Many women are learning to drive and are hitting Saudi roads with four-wheelers and several women with foreign licenses have already obtained Saudi driving licenses. All the above factors are expected to increase the sales of used four-wheelers in Saudi Arabia, which in turn is further going to boost the used car market in MENA. It has been observed that Saudis use their car for a range of activities including daily commuting to schools, offices and shopping. Long-distance travelling and desert safaris are preferred weekend getaways for them. Toyota, Nissan, Mazda are among the most preferred brands in Saudi Arabia, and models like Toyota Camry, Toyota Land Cruiser, Toyota Vitz, Nissan Sunny, Mazda Atenza, etc. are popular among used car customers of Saudi Arabia.
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Browse more than 69 market data figures spread through 122 Pages and an in-depth TOC on   "MENA Used Car Market"
https://www.techsciresearch.com/report/mena-used-car-market/7615.html
MENA Used Car Market is segmented by Vehicle Type, Fuel Type, End Use, By Country and By Company. In terms of fuel type, market is divided into Petrol/Gasoline, Diesel and others. The majority of used car sales come from Iran, Saudi Arabia and United Arab Emirates. These countries are highly oil driven economies, with Saudi Arabian oil and gas sector roughly accounting for 42% of the country’s GDP in 2019. As a result, the price of petrol/gasoline is comparatively cheaper than other countries in the world. Owing to cheaper petrol/gasoline price and lower vehicle maintenance costs, the MENA used car market was highly dominated by the Petrol/Gasoline segment in 2020, registering a market share of more than 85% in terms of used car units sold across the region. Used Passenger cars running on eco-friendly sources of energy like Electricity, Hydrogen, etc. lie in ‘Others’ segment. These vehicles have lower lifetime running costs due to lower refueling costs as compared to the conventional non-renewable sources powered four-wheelers. Apart from having lower lifetime running costs, used passenger cars run on clean sources of energy, being favorable to environment thus they are a profitable choice for fleet owners over conventional used cars. Owing to the growing environmental concerns and increasing global temperatures, the used cars running on other fuels are anticipated to be the fastest growing segment, registering a CAGR of 8% in terms of units sold in the forecast years across the region.
COVID-19 has largely affected the economies of the Middle Eastern and North African countries. Walk-ins in the car showrooms decreased and imports were halted for a certain period of time. With negative impacts on employment, consumers started contracting their spending in a lot of countries. This resulted used car market to witness a decline in the sales for the year 2020 in MENA countries. Moreover, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA) the sales of new car sales decline massively by 15% in 2020 as compared to 2019 figures. In United Arab Emirates this new car sales contracted by more than 44%. Such massive impact on new car sales signified consumer preference depreciation on investment on cars and moreover, imports of used car also decline massively due to import halt. Hence, these factors are impacting used car market which also witnessed a decline.
The used car market is scattered in MENA region when comes to market competition. Abdul Latif Jameel IPR Company Limited is an authorized Toyota dealer in Saudi Arabia. Since consumers mostly prefer Toyota for new as well as used cars in most of the countries in MENA. Therefore, Abdul Latif Jameel IPR Company Limited with its widespread network of used car showrooms is the leader in MENA Used Car Market. It is followed by companies like Kayishha (SellAnyCar), YallaMotor, Al Futtaim Automotive Group LLC, CarSwitch, DubiCars, Copart Inc., etc.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7615
Customers can also request for 10% free customization on this report.
“Abdul Latif Jameel IPR Company Limited dominated the market in the year 2020, due to its remarkable dealership network, which offers a wide range of economical yet qualitative products with attractive scheme benefits to its customers as well as withstanding government’s safety and emission norms. The demand for used cars is anticipated to increase globally in the coming years, on account of growing new car sales and this trend will likely contribute to the market growth”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“MENA Used Car Market By Vehicle Type (Small Cars, Mid Cars and Luxury Cars), By End Use (Institutional Vs Individual), By Fuel Type (Petrol/Gasoline, Diesel and Others) and By Country (Iran, Saudi Arabia, United Arab Emirates, Egypt, Morocco, Kuwait, Oman, Qatar, Tunisia, Bahrain, Lebanon, Jordan, and Rest of MENA), Competition Forecast & Opportunities, 2016-2026F”, has evaluated the future growth potential of MENA Used Car Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in MENA Used Car Market.
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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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joehas ¡ 7 years ago
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Talk To Me When You Scale: Since Big Is Now Favored Over Small, Is It Time To Ignore Startups?
APRIL 30, 2018 INNOV8RS TEAM
Apart from some exceptions, the results for corporate-startup collaboration have been generally disappointing.
But Joe Haslam believes there is hope – and his optimism comes from experience. Not only is he a professor at IE Business School in Madrid, where he teaches founders and MBA students how to scale their startups, he has co-founded and grown a number of companies including Marrakech.com, which raised over $75m in Venture Capital, and Hot Hotels, the first startup founded in Spain to be accelerated by the Techstars program in the USA.
According to Haslam we’ve paid more than enough attention to startups and enterprises, and nowhere near enough to the scaleup phase: how a startup grows into an established, sustainable company.
So what is a scaleup exactly, and what distinguishes it from a startup? And how can corporations identify and work with scaleups in a way that benefits both? At Innov8rs Tel Aviv, Haslam walked us through it.
Startup vs Scaleup
Steve Blank defined a startup as “an organization formed to search for a repeatable and scalable business model.” A startup is not just a smaller version of a big company. It is an organization set up to run experiments.
“When someone sends me a business plan that looks like it’s for a big company, I send it back to them and ask them to give me a list of the experiments they are running, “says Haslam. “What’s your insight, your hypothesis? That’s really all I care about.”
So when does a startup become a scaleup? It has nothing to do with how long you’ve existed as a company, or how many products you have, or even your profitability.
You become a scaleup when you achieve heavy engagement – in other words, product-market fit – and you stop doing what’s not working in order to double-down on what is.
“People ask me to come in for a two-day workshop and at the beginning of the first day I realize they have all these products they don’t need,” says Haslam. “I say ok: you need to snip this product and emphasize the stuff that’s working. That leads to product-market dominance, and that leads to being an enterprise.”
Haslam outlined five ways a scaleup is different to a startup:
1. Startups are about putting out fires – in other words, survival. Scaleups are about lighting fires – looking for and taking opportunities. 2. Startups experiment to find out where they’re strong. Scaleups try to find out where they’re weak. 3. Startups need generalists – people who can do a bit of everything. Scaleups need specialists – people who know more about their particular area than most people in the world. 4. Startups experiment. Scaleups simplify. 5. Startups can make you famous. Scaleups can make you rich.
Growth doesn’t make you a scaleup
Uber. AliBaba. Airbnb. These companies are often brought up as examples of why corporations need to get with the innovation program. But are they the disruptive forces we’ve made them out to be? According to Haslam, the evidence says no.
“Anything that grows really fast can collapse just as fast. And when we actually look at the reality, all that’s happened with these companies is that they’ve grown really fast.”
Uber is considered the most valuable venture-backed technology company in the world; it became the world’s largest taxi company in just nine years, without owning any vehicles. But according to data compiled by Bloomberg, Uber has ‘Peter Pan’ syndrome: though it has reached a stage most startups never realize, it has yet to turn a profit. The company has long been subsidizing rides; in some markets, customers paid just 41% of the true cost of their trip. Deep discounts like this can create an artificial signal about the actual size of a market; in fact, when Uber alerted passengers that fares had doubled, usage dropped by 40%.
If customers are only using your service because it’s priced cheap, and that pricing is not profitable or sustainable, can you really claim success?
“Growth can actually be a destructive thing,” Haslam points out.
“Edward Abbey said: growth for the sake of growth is the ideology of the cancer cell. Innovation is moving quickly – but if it’s not sustainable, then it’s not a good thing.”
That said, Uber has caused disruption in the taxi industry. But what about Airbnb? Several years ago, everyone thought Airbnb was going to turn the hotel industry on its head, if not make it obsolete. But hotels have continued to thrive, with 2017 seeing both hotel occupancy and stock prices climbing.
Small, and want to grow? Big, and want to hold on? Get the basics right. Most companies aren’t disrupted simply because a faster moving, faster growing startup appears on the scene and they’ve failed to keep pace and innovate. In Haslam’s experience it’s bad management that kills companies, not disruptive startups.
“Most companies are disrupted because they don’t see the blindingly obvious. They fail at the general, basic management stuff.
They don’t know how many people work for them, or how many products they have, but yet they want to talk about innovation. Before you start talking about incubators and startups, you have to get your basic stuff right.”
Startups who fail to scaleup fail for similar reasons: good old-fashioned management skills. Haslam says “Everyone thinks they’re a good manager, but I despair at the number of people who just don’t learn the basics: how to interview properly, how to manage people, how to give feedback. It’s seen as a nerdy thing to be good at management.”
But if you want to scale up, you need the nerds. “MBAs generally don’t found startups, but they do generally scale them. If you look at the key moments in a lot of growth companies, generally it was a boring nerdy MBA who started to ask the basic questions. What are our R&D costs? When do we get paid? What are our capital ratios? Maybe they weren’t the person who had the initial inspiration, but they were certainly in there when the company scaled successfully.”
How to succeed at corporate-scaleup collaborations Focus on sustainability, not innovation
Haslam often sees companies, large and small, focus on innovation over sustainability – and to him, that’s completely backwards. “Sustainability, trying to work out how to make something sustainable, is much more interesting than innovation because you’re not trying to sell dollars for 80 cents, which is what innovation is for some companies. Actually applying the principles of sustainability gets you the innovation everyone’s talking about.”
As an example, Haslam cites Madrid-based sustainable clothing company Ecoalf. Founded in 2012, their goal was to create a new generation of recycled products with the same quality and design of the best non-recycled products. Along the way, they basically transformed into an R&D operation, figuring out how to make thread and fabric out of used tires, plastic bottles, old fishing nets, discarded cotton and wool, and post-consumer coffee grounds. In addition to their flagship concept store in Madrid, Ecoalf has recently opened another location in Berlin, launched both their Ecoalf Foundation and Upcycling The Oceans project, and has entered into partnerships with companies like Apple, Swatch, GOOP, Barney’s New York, and Coca-Cola.
Go in at the right time (it’s later than you think)
Haslam cautions against letting fear drive partnership or acquisition decisions. Though many think you need to get in with a startup within their first five years, in reality you need to give them plenty of room to grow – even when that growth seems potentially threatening.
“Companies make their real money in their later phases, could take ten years. Peter Thiel argues that the real value of Paypal is yet to be realized! Let these startups grow and, if they manage to get a product-market fit and hire experts, then it’s time to pay attention to them.
Let them do stuff that may threaten you so you can identify their value – there’s plenty of time to acquire them and realize that value.”
In fact, Haslam argues that startups shouldn’t be seen as a threat at all. “Some of the incubators I’ve seen were so far away from anything that was commercially viable. The most interesting companies have people with deep sector knowledge – they spend time working in an area and acquire deep knowledge that very few people have. Do most of these startups have that? Absolutely not.
That’s why the future is about scaleups. It’s about people who can get to a certain stage on their own. Let these startups go, let them prove themselves. Then you can start having the conversations.”
Embrace the era of the big…
Haslam points out that we’ve moved into a new era of exponential technology – self-driving cars, mixed reality, synthetic biology – that heavily favors the big over the small. And these technologies are not ‘startuppable’ in the same way previous innovations have been.
“This is not like Instagram, where you can have five people in a garage making filters and be worth a billion dollars. These technologies are big company things.
They require closer integration with corporates who understand regulation, who have specialists, who can put products using these technologies into their supply chain. We are starting an age where the big is favored over the small.”
…and ignore the startup hype
The shine of the startup is beginning to fade. Why? In part, because starting is so easy.
Haslam recounts how expensive it was to start his first company, Marrakesh, in 1999. As a provider of on-demand spend management solutions for retail and government they had to physically buy servers and build their own data center, and hire marketing planners and buyers. Now, you’ve got Amazon web servers, and can target people on Facebook. But while this drop in cost is good, it has been accompanied by a corresponding drop in quality.
“I thought, going back ten years, that more startups would mean more scaleups. What we’re learning is that more startups just means more startups. It doesn’t mean they’re going to be better.
In general, saying ‘I have a startup’ is about as interesting as saying ‘I’ve joined a gym’. Talk to me when you scale.”
Read this article on the Innov8rs website
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thisdaynews ¡ 5 years ago
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‘We are being outspent. We are being outpaced’: Is America ceding the future of AI to China?
New Post has been published on https://thebiafrastar.com/we-are-being-outspent-we-are-being-outpaced-is-america-ceding-the-future-of-ai-to-china/
‘We are being outspent. We are being outpaced’: Is America ceding the future of AI to China?
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President Donald Trump (left) with Chinese President Xi Jinping during a meeting of the G-20 summit in Osaka, Japan. Jinping’s emphasis on AI as part of his “China Dream” has a military aspect to it as well. | Susan Walsh/AP Photo
global translations
POLITICO’s latest Global Translations podcast examines the economic, military and ethical stakes in the geopolitical rivalry over AI.
The last time a rival power tried to out-innovate the U.S. and marshaled a whole-of-government approach to doing it, the Soviet Union startled Americans by deploying the first man-made satellite into orbit. The Sputnik surprise in 1957 shook American confidence, galvanized its government and set off a space race culminating with the creation of NASA and the moon landing 50 years ago this month.
Two years since announcing a national plan to become the world leader in artificial intelligence by 2030, China is making progress toward its goal on an unprecedented scale, raising the question of whether America’s laissez-faire approach to technology is enough and whether another Sputnik moment is around the corner, according to interviews for the latest episode of POLITICO’s Global Translations podcast.
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President Donald Trump in 2018 declared AI a national priority, and Lynne Parker, the White House coordinator on artificial intelligence policy, said America “is a very strong leader” in AI.
“If you look at industry output, if you look at the leading academic institutions that are leading the way and advancing the state of the art and AI, they’re American industries and they’re American academics,” Parker said. “We’re clearly producing the most impactful commercial products. And certainly that’s not to say that the rest of the world isn’t waking up to the great opportunities of AI — but clearly, the United States is in the lead.”
Meanwhile, Beijing has been pumping billions of dollars into research, supporting startups and retooling its education system from elementary schools to universities — all with an explicit goal of outpacing the U.S.
Governments around the world are taking notice.
“Over the last 10 years, there’s been a big effort in China to become a world leader in research and in many areas — but one of them being computing — and I’ve seen computer science departments grow and grow until they are now on a par with departments in the West in terms of what the academics do and where they publish,” Dame Wendy Hall, professor of computer science at the University of Southampton and co-author of the U.K. government’s AI strategy, told the podcast.
The Chinese effort extends to regional and local governments, too. “The city of Tianjin alone plans to spend $16 billion on AI — and the U.S. government investment still totals several billion and counting. That’s still lower by an order of magnitude,” said Elsa Kania, an adjunct fellow with the Technology and National Security Program at the Center for a New American Security.
By her count, some 26 AI plans and policies have cropped up across 19 provinces and regions in China. “These tens of billions in local government spending far outshadows anything any city or state government in the U.S. is doing,” she said.
Like the Soviet Sputnik, President Xi Jinping’s emphasis on AI as part of his “China Dream” has a military aspect to it as well.
“It’s clear that AI has become an element of U.S.-China military competition and that the Chinese military sees this pursuit of intelligentization — or trying to leverage AI to enhance its military capabilities — as critical to achieving an advantage, perhaps even surpassing the U.S.,” said Kania, who studies Chinese military innovation.
Under pressure to compete on the AI front, the Trump administration last May issued an executive order that calls on the U.S. to improve research and development and come up with plans to maintain supremacy in innovation. “It’s a multi-pronged approach that addresses a lot of areas such as AI R&D, making data more available, making computational resources more available, looking at education and workforce issues, AI governance issues, issues of technical standards and also issues of international engagement,” Parker said.
But critics worry it’s not nearly enough.
“We are being outspent. We are being out-researched. We are being outpaced. We are being out-staffed,” said Amy Webb, a professor at the NYU Stern School of Business who specializes in future forecasting. “We have failed and are continuing to fail to see China as a militaristic, economic, and diplomatic pacing threat when it comes to AI.”
Xi “sees artificial intelligence as an integral point in shifting geopolitics and geo-economics,” Webb said. China is spending 9 percent of its government budget on R&D — three times the U.S. level, she said. Meanwhile, in Washington, “there is a small group of people, they are having meetings and I have been to some of those meetings. And there is just no sense of urgency,” she said.
The rivalry is unfolding in tandem with Trump’s trade war with Beijing — which is itself, in part, an effort to force China to end forced technology transfers that have helped accelerate Chinese technological progress. And at stake are not only technological bragging rights, but military supremacy and control of technologies that can be used for authoritarian social control, according to interviews in the Global Translations podcast.
For example, AI-enabled facial recognition and voice recognition technology are part of an intensive surveillance system used to control China’s Muslim Uighur minority in the Xinjiang province — and that technology is being exported to other authoritarian regimes.
Such concerns have led to attempts at global governance. The Organization for Economic Cooperation and Development has put forth principles for standards and ethics to guide its development and deployment embraced by 41 countries, including the U.S.
The administration is continuing to work on a regulatory framework through Office of Management and Budget and the Office of Information and Regulatory Affairs, Parker said. “We always want to use AI in a way that’s consistent with civil liberties and privacy and American values. So clearly we don’t want to become a surveillance state like China,” she said. “On the other hand, the opposite extreme is to over-regulate to the point where we can’t use it at all.”
Critics like Webb say the U.S. market-based approach depends too much on the private sector.
“The problem with relying on the private sector and specifically companies like Google, Amazon, Facebook, Apple, IBM and Microsoft is that these are publicly traded companies. They have to turn a profit. So we’ve really put ourselves in kind of a preventable and also dangerous situation,” she said.
But the sheer scale of China’s brute-force effort should not be confused with results, cautions Parker. “The downside to having a centralized focused approach is that you get very quickly to an end goal that may be the wrong goal. The advantage of the American innovation ecosystem is that we allow many good ideas to be explored in depth and we can see which ones are going to be fruitful,” she said.
When the Soviets launched Sputnik, Washington vowed to never be surprised again — and the following year stood up DARPA, the Defense Advanced Research Projects Agency. The new agency was focused on long-term, game-changing research and funded projects that led to breakthroughs such as the internet, GPS, early self-driving cars and the beginnings of AI.
In 2018, the agency announced it was investing $2 billion on AI-related research over five years. While that’s a fraction of Chinese investment, John Everett, deputy director of the Information Innovation Office at DARPA, told the podcast he is not worried about another Sputnik-style surprise.
“Within this $2 billion that we’re spending, it’s across a very wide range of projects — no two of which are alike — and so we’re placing a lot of strategic bets on technologies that may emerge in the future,” Everett said. “A lot of the money that‘s going into the research in China seems to be going into pattern recognition. So they will be able to do incrementally better pattern recognition by spending an enormous amount of money on it. But there’s a declining return to incremental expenditures.”
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bestreports ¡ 5 years ago
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HAND SANITIZER AND HAND WASH HEALTH APPLICATIONS | KEY PLAYERS: UNILEVER, AMWAY, PANDG AND 3M
Mar 20, 2020: The global Hand Sanitizers market is expected to gain a significant CAGR in the forecast period. With the rise in demand and increasing urbanization, hand sanitizers are used as a perfect alternative for use in place of a typical soap. With features such as effective killing of germs and microorganisms, hand sanitizers are in great demand from all the sectors with need as a primary objective. From the commercial standpoint, alcohol based sanitizers have a great market share.
Hand sanitizer market is highly driven by factors such as rising awareness among consumers pertaining to hand hygiene and increase in innovations. Change in lifestyle along with consumer inclination towards westernization is highly effective for market development in the near future. Promotional campaigns and media coverage is likely to contribute to the market growth in the near future. However, risk of skin infections and use of extreme ingredients in cheap substitutes might curb the market growth in the forecast period.
To Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/hand-sanitizer-market/request-sample
Product segmentation for hand sanitizer market includes gel hand sanitizer, foam hand sanitizer, liquid hand sanitizer, sanitizing hand wipes and spray hand sanitizer. By sales channel, the hand sanitizer market includes drug stores, hypermarket, online sales, grocery stores and retailers. Hypermarket, drug stores and grocery stores account for a significant market share due to ease of availability of high demand by local consumers.
By end-user, the hand sanitizer market includes schools, hospitals, restaurants, corporate ventures and commercial ventures. Restaurants and commercial ventures have paved the way for market growth in the forecast period due to extreme use of hand sanitizer for hand hygiene.
Geographical segmentation for hand sanitizer market include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America accounts for a significant market share in the global scenario owing to rising awareness and hand hygiene. The hand sanitizer market witness a remarkable CAGR in the forecast period owing to rise in innovations and extended capacities in these regions.
European market is anticipated to follow the trend and register a higher CAGR during the forecast period. Middle East and African market is expected to gain a higher traction during the forecast period due to rise in consumer awareness and new formulations. The key players in the hand sanitizer market include Gojo Industry Inc, Best Sanitizers Inc, The Himalaya Drug Company, Unilever, Linkwell Corporation, Vi-Jon Laboratories Inc, Henkel Corporation, Reckitt Benckiser Group Plc, The Procter and Gamble Company.
Worldwide markets are poised to achieve continuing growth as Hand Sanitizers proves its value by lowering the risk of infection. Increasing ease of use and a choice of delivery modes are key benefits.
Hand sanitizer is an antiseptic liquid, foam, or gel used to inhibit the spread of infectious microorganisms and other harmful bacteria on the hands. Alcohol-based hand sanitizers are generally more effective in eliminating microorganisms. The hand sanitizer is used to address microorganisms immune to soap and water. Alcohol-free hand sanitizers constitute another type of sanitizer. These do not strip away oils from the skin and retain moisture.
The use of hand sanitizers has gained popularity. Washing hands repeatedly, especially when on the move, is tedious and time consuming. Soap and water are not available everywhere, they dry the hands. Hand sanitizers play a vital role in facilitating hand hygiene.
Some firms having greater market power in specific markets, such as in hospitals and healthcare facilities. 3M has seen a significant increase in demand helping in the sale of 3M’s Avagard hand sanitizers.
The global market for Hand Sanitizer at $2.4 billion in 2017 is anticipated to reach $5.5 billion in 2024. The markets for hand sanitizers are expected to have strong growth going forward. The market is nowhere near saturation.
Companies Profiled
Market Leaders
• Reckitt Benckiser / Dettol / Lysol
• Ecolab
• 3M
• Unilever Lifebouy
• Vi-Jon
• Certus Medical / Clarus
• GOJO
• SC Johnson / Babyganics
• Clorox
• ITC / Savlon
• BloomsBerry Innovations
• Winova
Key Topics
• Hand Sanitizer Antiseptic
• Hand Sanitizer Liquid
• Hand Sanitizer Foam
• Hand Sanitizer Gel
• Lowering the risk of infection
To Browse Full Research Report @: https://www.radiantinsights.com/research/hand-sanitizer-market
Table of Contents
Abstract: Hand Sanitizer 1
Hand Sanitizer Executive Summary 4
Hand Sanitizer Market Shares 4
1. Hand Sanitizer: Market Description and Market Dynamics 5
1.1 Hand Sanitizer Antiseptic Liquid, Gel, or Foam 5
1.1.1 Triclocarban Or Triclosan And Alcoholic Based Hand Sanitizers 5
1.2 Fast-Moving Consumer Goods (FMCG) 6
2. Hand Sanitizer Market Shares and Forecasts 9
2.1 Hand Sanitizer Market Driving Forces 9
2.2 Hand Sanitizer Market Shares 12
2.3 Hand Sanitizer Market Forecasts 15
2.4 Hand Sanitizer Market Segments 17
2.4.1 Hand Sanitizer Market Technologies, Foam, Gel, Wipes, Spray 17
2.4.2 Hand Sanitizer Target Markets 20
2.4.3 Hand Sanitizer Target Markets, Hospital, Home, Work, Health, Food, Hotels, Education 21
2.4.4 Hand Sanitizer Distribution: Online, Pharmacies, Grocery Stores, Cleaning Service Supplier, Hospital Supply Company 25
2.5 Hand Sanitizer Pricing 28
2.5.1 Purell Hand Sanitizer 28
2.5.2 3M Hand Sanitize 29
2.6 Hand Sanitizer Regional Market Segments 35
2.6.1 Unilever Brazil and Indonesia 36
3. Hand Sanitizer Product Description 37
4. Hand Sanitizer Research and Technology 38
4.1 Major Active Ingredients Used In Hand Sanitizers 38
4.2 Management of MRSA Infections 38
5. Hand Sanitizer Company Profiles 41
5.1 3M 41
5.1.1 3M Avagard D Instant Hand Antiseptic 41
5.2 ABC Compounding / Certus Medical / Clarus 44
5.2.1 ABC Compounding / Certus Medical / Clarus 45
5.3 BloomsBerry 46
5.4 Ecolab 47
5.4.1 Ecolab Revenue 50
5.4.2 Ecolab Target Markets 52
5.5 Godrej Protekt 53
Continued……………
To See More Reports of This Category by Radiant Insights: HAND SANITIZER AND HAND WASH HEALTH APPLICATION
About Radiant Insights: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Media Contact: Company Name: Radiant Insights, Inc Contact Person: Michelle Thoras Email: [email protected] Phone: (415) 349-0054 Address: 201 Spear St #1100, Suite #3036 City: San Francisco State: California Country: United States For more information, Visit: https://marketsandtrendsreport.blogspot.com/
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zipgrowth ¡ 7 years ago
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Fewer Deals, More Money: U.S. Edtech Funding Rebounds With $1.2 Billion in 2017
Is education technology investing back on track? Are investors still eager to put their money in education startups? The answers depend on who you ask.
After a lull in 2016, venture activity for U.S.-based edtech startups in 2017 saw a resurgence of investment capital. So far this year, these companies raised over $1.2 billion across 126 deals. By contrast, in 2016, investors put $1 billion into 138 deals.
At $1.2 billion, this year’s funding total is the second-highest tally, following 2015 (which saw $1.4 billion invested), since EdSurge began tracking U.S. edtech investments in 2011. Yet at 126 deals, the number of fundraises in 2017 is also at its lowest since 2011. In fact, the number of deals has been on a steady downward slope since 2013.
These diverging patterns are reflected in the graph below, with the upward trend in funding total (green bars) and downward slope in dealflow (red lines).
Source: EdSurge
In this annual year-end analysis, EdSurge counts all venture investments in U.S. educational technology companies whose primary purpose is to improve outcomes for teachers and learners across K-12 and higher education. This year, startups that focus on the K-12 market raised $753 million; those targeting the postsecondary sector raised $470 million.
Our tally—$1.2 billion—does not account for companies whose primary product and service focus on student loan refinancing. Those players have raised big funding rounds, notably SoFi ($500 million) and College Ave ($30 million). We counted five such deals, and if we took their funding into account, the 2017 total would be close to $1.8 billion.
Breaking Down the Numbers
Each year, a handful of outsized rounds account for a substantial percentage of the total funding raised by U.S. edtech companies. In 2017, three companies—EverFi ($190 million), Hero K12 ($150 million) and Grammarly ($110 million)—accounted for 37.5 percent of the $1.2 billion figure.
Here’s a breakdown of the 126 deals by funding stages. (Note: Some deals did not follow a conventional venture round series, including the fundraises by Hero K12 and Grammarly. In these cases their deals are placed in the “All other” category.)
Source: EdSurge
When we break down the deals by product category, we see that “Curriculum Products” top the list this time—thanks in large to EverFi’s big Series D raise. MOOC companies typically account for the bump in the “Post-Secondary” category, but aside from Coursera’s $64 million Series D round, few other companies focused in higher education scored a large deal.
Source: EdSurge
Fewer, but Bigger Seed Rounds
Last month, TechCrunch wrote of an “ implosion of early-stage VC funding,” citing Pitchbook data that showed that the number of early-stage rounds have plummeted from more than 13,000 in 2014 to nearly 6,000 this year.
Education technology investments appear to be on a similar trajectory. From a high of 133 angel- and seed-stage deals in 2013, totaling $93.5 million, this year saw 56 such deals worth $47.9 million in 2017.
Source: EdSurge
“Dollar by dollar, seed stage investing is still robust, but there are fewer deals getting done and seed round sizes have been trending upward for years now,” Jennifer Carolan, general partner at Reach Capital, wrote via email. Carolan, who previously co-founded and managed the New Schools Seed Fund in 2012, noted that the average seed round used to be around $700,000. “It’s now double that,” she added.
Discounting the funding that startups get from joining accelerator programs, the average seed round in for U.S. edtech startups hit almost $1.7 million in 2017, according to EdSurge’s count.
Seed rounds are growing, in part, because “companies need more capital to get to Series A targets,” added Chian Gong, a principal at Reach Capital.
For edtech startups, seed money hasn’t disappeared; it’s just harder to get. New sources of seed capital cropped up earlier this year. Rethink Education, a White Plains, N.Y.- education investment fund, partnered with Southern New Hampshire University on a seed fund, and also put money behind the NYU Steinhardt Edtech Accelerator this year.
But the new seed capital comes with higher expectations. Daniel Pianko, a partner at University Ventures, a New York-based education investment firm, says companies will be judged mostly on their ability to drive revenue. Funders are less likely to be swayed by “freemium” models that focus solely on growing user numbers. “Just having eyeballs does not translate to revenue,” reminds Pianko.
“Rationality has settled in,” says Jason Palmer, a general partner at New Markets Venture Partners. “There’s a hangover effect from people who, a few years ago, thought education companies would grow faster.” Many early-stage companies, he notes, are struggling to reach $2 million in revenue. “When you’re smaller than that, it’s hard to find more investors.
When few investors are interested, it’s time to look for an exit. A handful of small startups, which had plateaued in their growth, were bought by more established companies this year: Globaloria was acquired by Carnegie Learning; Motion Math got snapped up by Curriculum Associates. Others simply shut down—most notably coding schools Dev Bootcamp and The Iron Yard, which announced their closures within a week of each other.
Also on investor’s radars this year: high-profile flops from hyped companies that had raised more than $100 million in venture funding. “There’s a realization with a number of high-profile implosions or corrections, whether it’s AltSchool or Knewton, that have cooled a lot of folk’s appetite,” says Pianko.
Source: EdSurge
Private Equity’s Presence
Investors often bank on having portfolio companies acquired in order to make returns on their investments. In the past, publishers such as Pearson and McGraw-Hill were counted on to be the exit strategy. Yet recent years have been rough for traditional publishers like Pearson, which is in a turnaround phase. The big publishers seem to be more focused on refining internal operations and less on hunting for acquisitions.
Enter private equity firms, which see the education sector as “a place that is highly fragmented and ripe for consolidation,” says Peter Yoon, a managing director at Berkery Noyes, which advises on financial transactions.
Unsurprisingly, the two biggest U.S. edtech deals this year—EverFi and Hero K12—were led, respectively, by private equity players The Rise Fund and BV Investment Partners, respectively.
“We’ve seen significant interest from private equity, typically with a roll-up strategy where they look for platform plays and bundling opportunities,” says Reach Capital’s Gong. “We’ve seen the most interest in SaaS (software-as-a-service) models where the product is complementary to an existing platform.”
That’s the strategy for Hero K12, which raised its money for the sole purpose of acquiring other companies. It’s already snapped up SchoolMint, a startup that helps schools manage the enrollment process. “We want to take the capital and deploy it on a platform that creates integrated administrative solutions, one that can help better connect student data and processes to create safer, more connected school environments,” Oliver Wreford, Hero’s chief product and strategy officer, told EdSurge at the time of the deal.
Slowly but steadily, private equity firms are piecing together assets to create educational data platforms. PowerSchool, owned by Vista Equity Partners, has spent nearly $1 billion on eight companies since 2015. Frontline Education, under its previous owner Insight Venture Partners, has bought 10 companies since 2014 to build a suite of school administrative software.
Generally, most private equity firms typically would not entertain buying companies with less than $10 million in annual revenue. That may be changing. Private equity firms are starting to reach “downstream” to earlier-stage companies, says Yoon. “You’re now seeing larger private equity firms interested in smaller companies in terms of revenues.”
Yet private equity firms aren’t known for offering the best deal for assets. “By definition, private equity firms are much more financially sensitive than strategic acquirers” (such as Pearson in the past), says Pianko, “and they usually offer less money than traditional publishers would.”
“I’m not sure if it will ‘delight’ investors, although a private equity firm can help some companies who struggle with distribution to expand their footprint,” adds Reach’s Carolan. This year, she adds, three of the Reach’s portfolio companies—including Nearpod and SchoolMint—have either been acquired or raised money from private equity firms.
While private equity’s activities continue, “the big question looking forward,” says Palmer, “is Google, which has had tremendous success with Chromebooks and Google for Education.” Of the nearly 200 companies that the search giant has acquired, only one is edtech: Launchpad Toys.
“Will Google make a strong acquisition in the next year or two to solidify its position,” asks Palmer, “or will it mainly be an infrastructure player?”
Top U.S. Deals of 2017
EverFi: $190 million
Hero K12: $150 million
Grammarly: $110 million
Coursera: $64 million
Wonder Workshop: $41 million
AltSchool $40 million
Andela: $40 million
MasterClass: $35 million
Trilogy Education: $30 million
CreativeLive: $25 million Duolingo: $25 million
Fewer Deals, More Money: U.S. Edtech Funding Rebounds With $1.2 Billion in 2017 published first on http://ift.tt/2x05DG9
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