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solis-ventures · 2 years

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How To Choose The Right Business Solutions For Investors And Entrepreneurs

To choose the right business solutions for investors and entrepreneurs, one needs to understand the elements: Identity and Analyzing the problem, search benefits, and finding opportunities.

#business solutions for investors and entrepreneurs #startup investments in India #Find a Growth Hacker for Your Startup #seed funding companies in gurgaon

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paynxt360 · 2 years

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SaveIN expands its ‘Care Now, Pay Later’ healthcare service to capture more market share in India

Amidst the rising uncertainties of the buy now, pay later (BNPL) industry around the globe, Indian fintech players are expanding their “care now, pay later’ product by entering into partnerships with healthcare providers to capture market share in the growing Indian BNPL space. For instance,

In April 2022, a credit-focused fintech firm, SaveIN, collaborated with an Indian chain of cardiac care clinics and hospitals, Madhavbaug, to expand its product offerings in the BNPL market. Under this partnership, SaveIN will be able to cater this deferred payment service in around 270 clinics and two hospitals under the Vaidya Sane Ayurved Laboratories Limited or Madhavbaug chain. According to the company, through this partnership, SaveIN will be able to reach around 500 clinics across the country.

Over the longer run, SaveIN intends to further expand its product to nearly 5,000 healthcare outlets across the top 15 Indian cities within a year. Through the product, SaveIN is aiming to create an integrated healthcare ecosystem that provides the customers with the immediate availability of healthcare through enhanced affordability.

SaveIN raised US$4 million (around Rs.30 crore) in its seed funding round to develop its BNPL product. The funding was backed by several investors and venture capitalists. Y-Combinator, 10X Group, Leonis VC, and other existing investors led the funding round, with participation from Nordstar, Rebel Fund, Pioneer Fund, Soma Capital, and SCM Advisors.

In December 2021, SaveIN introduced its BNPL product, Care Now, Pay Later, the deferred payment system, to break healthcare expenses into installments. Subsequently, SaveIN collaborated with around 100 healthcare providers in Delhi, Gurgaon, and Noida with specialization in dental, eye care, veterinary, diagnostics, dermatology, hair clinics, and many other segments. Through this installment system, healthcare providers can now offer flexible payment solutions, helping more people access healthcare in India.

Moreover, the company entered this space since elective healthcare in India is a growing market with dental, diagnostics, veterinary, cosmetics, and fertility having strong growth prospects in the country. Additionally, most of these services are not covered by insurance or instant credit programs, and people tend to spend a huge amount out of their own pockets on healthcare. Additionally, Indians are observed across demographic profiles to become increasingly sensitive to their physical and mental well-being. Therefore on-demand credit and flexible payment options are likely to see high adoption in the country.

According to PayNXT360, the medium to the long-term growth story of the BNPL industry in India remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 54.3% from 2022 to 2028. The BNPL Gross Merchandise Value in the country will increase from US$3.6 billion in 2021 to reach US$93.5 billion by 2028.

While the BNPL services have been around for quite some time, it is the global pandemic that has propelled the adoption and growth of the BNPL industry in India. With over a billion consumers and a large credit-averse population, BNPL is expected to disrupt the payments sector in India.

To know more and gain a deeper understanding of the BNPL market in India, click here.

#bnpl digitalpayments marketresearch PayNXT360

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moneycafe · 3 years

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SaveIN raises undisclosed pre-seed funding from global, Indian investors

SaveIN, a social finance-based neobank, has raised an undisclosed amount in pre-seed funding from a clutch of global and Indian angel investors and industry stalwarts. The Gurgaon-based firm will use the funds for expansion plans and product development. The names of the investors – who were from banking, consulting, blockchain and fintech – were not immediately disclosed. “The company is looking…

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indesignartsandcrafts · 4 years

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Coworking space in Noida well connected by metro station

For everyone who goes to work always has this one factor in mind while taking up a job- THE COMMUTE. The distance from home to office matters a lot because this is where a good portion of your day is spent. As much as the travel time is considered the connectivity with the roads and metro is important because that would decide the mode of transportation. While the conventional offices do connect well with the roads, the amazing advantage attached to the shared working spaces is the connectivity/nearness to metro stations. Metro has been the medium of transportation for millions every day and is sometimes better than own a vehicle. All the coworking office in noida and commercial office space for rent in Noida have been located in a way that if somebody wishes to commute through the Delhi metro, they should not be disappointed.

Anyone who is looking for a place to set up their company or join a company would always keep things like location, price, surroundings, nearby amenities, police station, hospital and of course, metro these days. The good thing about the Delhi metro is that it connects to Gurgaon, Faridabad, Noida, and even Greater Noida which means that a person could reach out to farther locations without facing the traffic at a much lesser cost. The distances have been cut with the facility to “board the train”. This is one of the biggest reasons why people can now look for a job more kilometers away than they used to search for earlier. The employment opportunities just became a lot more after the connectivity of the regions because now anyone can be anyone with such ease. With the addition of coworking office space in Noida, setting up of new businesses and expanding the existing ones takes fewer funds and time. The talent is now better than meeting the demand and vice versa. A Delhi person can now go to Gurgaon to Noida person can now work in Faridabad or basically wherever they could find a better job.

Looking for a flexible office in Noida? We have a suggestion for you! Let’s Connect Coworking has its presence in Noida, Greater Noida and Noida Expressway. They’ve got you covered throughout the city and are always on their toes to give you the best of their facilities within your budget. Here’s a list of services available with Let’s Connect Coworking:

Open desks

Private cabins

Meeting rooms

Event space

Strong internet connection

IT support

Housekeeping and pantry

24x7 access

Supportive management

Customized plans

Like the other good and responsible coworking spaces in Noida Let’s Connect would prove to be a good option and of course, it’s well connected by roads and metro for the convenience of their clients. Search for this coworking space provider today and connect with the management to get the best deals and necessary plans. Bonus! They also act as a mentor and an incubator for the fact that they help you with your business plans and financial solutions. Also, they help you with coaching and seed financing so you can grow your business as you always wished for.

Get the professional environment with an enthusiastic vibe of the gen-Z community. Work alongside brilliant minds and yet get all the privacy you would need at work. Cafeteria with multi-cuisine option, free parking service, gaming zone/chill room, personalized treatment and latest equipments are a few other attractions of their shared workspace provider with “no hidden cost”. The staff comes with professional experience in their fields hence help you in the best possible manner. Bring your passion to life with this commendable and reliable space provider that’s just a call away. Book your tour today and know what’s in store for you!

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thestartuplabofficial · 4 years

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[HR Tech Startups In India] A Complete Guide About The HR Tech Industry In India

If employees are the heartbeat of a company, then HR professionals are its heart.

The modern business world is very competitive. That is why HR professionals need to stay on top of their game to make insightful business decisions.

To make insightful decisions, so that the workplace environment remains healthy and brings the best out of every employee, companies are opting for tech-based solutions, in short, HR Tech.

Detailed Scenario of HR Tech Industry in India

With the increase in the number of HR Tech Startups in India, HR Tech industry in India has seen a lot of growth in the past few years.

As per a report, the HR Tech industry is expected to reach $34 billion by the year 2021. And, around $3.6 billion worth of that business is expected to come from Asia including India.

Tracxn estimated that between the year 2012 to 2016, over Rs 1,000 crore was invested by VCs in Human Resources startups.

And, in 2019, around $116 million was invested in Indian HR Tech startups.

Now, let’s have a detailed look at the HR Tech Industry In India.

Some HR Tech Startups in India

1. Darwinbox

2. ReferHire

3. Avsar

4. ZingHR

5. Culturro

1. Darwinbox

Started in 2015, Darwinbox offers an end to end HR system and allows enterprises to manage the entire employee lifecycle on one unified platform.

Founded by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni, Darwinbox is focused on solving the challenges of people management in large and diverse organisations that have complex structures using the best of technologies.

2. ReferHire

ounded by Rohit Tewari and Jaspreet Oberoi, ReferHire is a global peer to peer hiring network.

ReferHire enables users to tailor build their hiring network by connecting with peers in specific companies of interest.

ReferHire claims to have a community of more than 600,000 professionals and 95,000 companies across various industries.

This Indian HR Tech startup has generated around 1 million job views and matched over 225,000 jobs and candidates with each other.

3. Avsar

Founded in 2016 by Satyabrata Sethy, Navneet Singh, Nitish Rao, and Prateek Jha, Avsar is an Indian HR Tech startup and calls itself a ‘young next-gen HR Service provider’.

This HR tech startup provides services like volume hiring, contractual staffing, lateral hiring, CXO and executive search, campus recruitment, etc.

Started with a team of 12 members, and 4 clients, this HR Tech startup, now, has a presence in 180+ locations across 14 major industries.

Avsar has served over 150 clients and is still counting. Some of its clients include Amazon, Google, HDFC Bank, Flipkart, Udaan, BharatPe, Google Pay, Dunzo, Swiggy, Zomato and BigBasket.

4. ZingHR

Founded by Prasad Rajappan in 2014, ZingHR provides HR software that combines technology and effortless Cloud HRIS solutions to cover the entire spectrum from Hire-to-Retire processes.

ZingHR claims to have empowered over 1 Million Employee Records across 550+ companies worldwide.

5. Culturro

Started in 2017, this HR Tech startup is working with a vision to create the right workplace experiences for companies to let them achieve their strategic objectives.

Founded by Riti V. Srivastava and Ashish Manchanda, the startup has a tech platform, Agnya, that provides actionable insights by identifying workplace experience and its driver and helps to increase employee productivity.

Culturro enables companies to assess, execute and measure workplace experiences through its proprietary methodologies.

Growth Opportunities For Entrepreneurs In Indian HR Tech Industry

Following points show us why there are numerous growth opportunities for entrepreneurs who are intending to venture in the Indian HR Tech industry.

Increasing demand for efficient and focused recruitment methods

Need for convenience and easy access to employees’ data.

Asian HR Tech industry is estimated to be at $9 billion and it still has a huge potential to grow.

Recent Funding In Indian HR Tech Startups

1. Darwinbox

Founded by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni in 2015, Darwinbox offers an end to end HR system and allows enterprises to manage the entire employee lifecycle on one unified platform.

Total Funding Raised by Darwinbox– $19.7 Million

Recent Funding Raised by Darwinbox– $15 Million

2. Skillenza

Started in 2012 by Subhendu Panigrah, Prashant Koirala and Rajesh Rai,Skillenza is a one-stop online platform for networking, peer learning, community building, social connections, hackathons, coding challenge, assessment, and challenge-based rewards.

Total Funding Raised by Skillenza– $2 Million

Recent Funding Raised by Skillenza– $ 1Million

3. Kredily

Founded in 2017 by Devendra Khandegar, Kredily is a Human Resources Management and Payroll software for enterprises.

Kredily helps enterprises to automate their workflows and optimize business expenses.

Total Funding Raised by Kredily– $750k (seed funding, recent)

4. Zimyo

Founded by Kumar Mayank and Ajay Kadyan in 2018, Zimyo is an Indian HR Tech startup that is working with a mission to empower organisations with solutions to manage and retain talent.

Recent Funding Raised by Zimyo– Undisclosed Amount

Some HR Tech magazines

People Matters

Business Manager

Human Capital

Perfect Professional

Incubators and Accelerators for HR Tech Startups in India

Many Indian incubators and accelerators are offering various programs to help startups in the HR Tech sector.

These incubators and accelerators help Startup Funding Options in Gurgaon, mentoring, co-working space, networking and marketing, etc.

Some of the prominent incubators and accelerators for HR Tech Startup IT Services in Delhi are:

TLabs

iCreate

Prime Venture Partners

Indian Angel Network

Amity Innovation Incubator

Centre for Innovation Incubation and Entrepreneurship

Growth Forecast and Future of Indian HR Tech Industry

With the increasing need for efficient and focused recruitment methods, the demand for HR Tech in India will be unprecedented in future.

Reports are predicting that the HR Tech industry is expected to reach $34 billion by the year 2021.

As technology changes fast and delivers more improved solutions, the demand for the Human Resources Management System will increase.

And advancements in cloud, machine learning, IoT, AI, virtual reality, augmented reality and more such technologies will provide better and provide solutions for enterprises.

Read:

Company Registration

,

How to Register a Private Ltd Company

,

Virtual CFO

#Virtual CFO #How to Register a Private Ltd Company #Company Registration #Startup IT Services in Delhi #Startup Funding Options in Gurgaon

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scottadamnews · 4 years

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List Of Top Bike Taxi Apps In The World

In recent times, people started opting for ride-sharing via taxi booking app for their daily commute as it is highly comfortable compared to public transports. It has become a trend and gaining popularity in congested cities. To make the ride more convenient during high traffic and affordable service, private taxi companies started introducing bike taxis which is becoming a leading service when compared to normal taxi services.

Already existing popular taxi booking app companies in the world like Uber, Ola started providing an additional option like bike-taxi service along with their taxi service, and some standalone bike taxi startups are also emerging with their on-demand bike taxi apps to grab more customers for this new taxi business model.

What is the on-demand bike taxi app?

Bike taxi is very similar to popular taxi -apps like Uber, Ola. Instead of booking a taxi, you need to book a bike via a ride-sharing app of the bike taxi service provider. The near-by bike rider will receive your request and will pick up the customer from the pick point and provide a helmet during the ride. Once the ride is completed the payment is deducted online. Even a solo ride is introduced in this type of bike taxi service where there will be no rider to drop you at your destination.

The service providers may have their own fleet of bikes or drivers with the registered bike and driving licenses can register with the service provider and share their bike to earn the commission through this business model.

Let us have a look at the list of top bike taxi apps.

#1. Gojek

Gojek is one of the topmost bike taxi booking apps which is hailing from Jakarta, Indonesia. It was founded in the year 2010 and they started their operation with around 7 bikes and now they have achieved a market value of around $2.5 billion.

It extended its operation in 25 different cities of Indonesia and employed more than 400,000 drivers for their business operations with the car, motorcycles, and trucks. It is aiming to introduce its service in the countries of Southeast Asia.

Website: https://www.gojek.com

Platforms: Available on both platforms Android, iOS

#2. Grab

In Southeast Asia, Grab is one of the topmost bike taxi apps. In 2012, they started as a taxi app in Malaysia by the founder Anthony Tan and now they offer many transport and logistic services via this single platform. In 2014 November, they initiated their bike taxi service, and with their success in this service operation, they extended to Thailand, Indonesia. The drivers of Grab are offered smartphones and the whole operation is carried out via the Grab app.

Website: https://www.grab.com/sg/

Platforms: Available on both platforms Android, iOS

#3. Baxi

Baxi is a Delhi based bike taxi app and it is the first on-demand bike taxi app started in India. In 2015, it initiated its operation and now it is offering services in cities like Faridabad, Gurugram.

Certified drivers are employed by Baxi and their drivers are trained on safe driving. They also satisfy their customers with options for a safe ride like providing a helmet, hair net, etc. Baxi wallet is also integrated with their app and in November 2015, they were able to raise seed funding of $1.4 million.

Website: https://www.baxi.taxi/

Platforms: Currently available on the Android platform.

#4. Rapido

Rapido bike taxi service was initiated in Bangalore during the year 2015. This bike taxi app gained popularity and started its services in different cities like Mysore, Gurugram, Hyderabad. It has raised funds from many top companies and it includes Google, Hero MotoCorp Ltd, etc.

Rapido bike taxi app is powered by the Roppen transportation Service and it also offers delivery jobs with bike taxi service.

It also raised funds around Rs 2.75 crore from Battery Road Digital Holdings LLC.

Website: https://rapido.bike/

Platforms: Available on both platforms Android, iOS

#5. Uber Moto

We all know that Uber bike taxi was a great success and this led to their Uber Moto service during March 2016 and now it has expanded its services to around 9 different cities in India.

They have added this bike-taxi as an option in their Uber taxi app.

It has crossed around 2 million rides after starting this bike taxi service along with their taxi business.

Website: https://www.uber.com/en-IN/newsroom/ubermoto-get-set-go/

Platforms: Available on both platforms Android, iOS

#6. Ola Bike

Similar to Uber, Ola taxi service added bike-taxi as an option with their popular taxi service. So this new segment bike taxi service also started with the ola taxi app. In 2016, Ola started its service with the bike taxi from Chandigarh and it gained its popularity in other cities like Bengaluru, Ahmedabad, Kota, Gurgaon. The massive users of the Ola taxi app pushed this new bike taxi service to the top.

Website: https://blog.olacabs.com/tag/ola-bike/

Platforms: Available on both platforms Android, iOS

#7. Shohoz

Shohoz is an online ticket booking and ride-sharing platform or mobile app where you can book tickets online for bus tickets, hotel rooms, events, and now they have started on-demand services like e-hailing taxi and bike service. It is a combination of e-ticketing and e-hailing service started in Bangladesh during 2014.

Website: https://www.shohoz.com/

Platforms: Available on both platforms Android, iOS

#8. Safe Boda

Ricky Thomson founded this bike taxi app in 2015. He was an entrepreneur and a bike taxi driver from Uganda. Safe Boda app is a platform of Entrepreneurs and Boda drivers catering to Africa. They employed more than 6000 drivers in Uganda and backed by social enterprise investors. It has extended its service to Kenya during August 2018.

Website: https://safeboda.com/ng/

Platforms: Available on both platforms Android, iOS

#9. Bikxie

In 2015, the Bikxie bike taxi service was introduced in Gurgaon and it addressed the last mile connectivity issue in the city. The service was highly affordable and it was available in the key locations across the city. Their website is under development. The first bike taxi provider that offered gender-based two-wheeler service. Pink for Women and Blue for Men.

Website: http://www.bikxie.com/

Platforms: Currently available on the Android platform.

#10. MobyCab

MobyCab is a taxi booking app launched in the year 2019 in India. This app also offers package delivery where the agents can use their own motorbikes. It also claims that it delivers the package within a short time such as 90 minutes.

Website: https://www.mobycab.com/

Platforms: Available on both platforms Android, iOS

Wrap Up

Bike pooling or bike-sharing is not new to us. Many would have offered a free lift to the passerby while going the same way. Now you can earn with this bike taxi service if you have your own registered vehicle, license, and join as a driver with these service providers. This list of top bike taxi apps would help you to know how effective the service providers are and as a customer, you can try these bike taxi apps for a safe and convenient ride.

As a bike taxi service provider, always look for the perfect bike taxi dispatch software and satisfy your customers and driver-partners.

Get your own taxi dispatch software now.

#taxi dispatch system #free taxi booking software #uber like apps #Cloud-based Taxi booking System

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howlifes-blog · 5 years

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The rise of India sharing bicycles: Is the East not bright?

In 2015, with the eye-catching small yellow car emerging from Peking University campus, the concept of shared bicycles was quickly popularized. Players took the lead and huge investments continued to flow in. They were in the same name as high-speed rail, mobile payment and online shopping.from "New Four Great Inventions"from . The craze is coming faster and going faster. This year, sharing bicycles entered a cold winter. April,from Mobai bicycles committed to the US group; the small yellow car ofo also lost, the crisisfrom : The overseas business has been fully contracted, and a variety of radical monetization methods have been introduced: the public number pushes the advertisement, binds the user's deposit with the wealth management product, and delays the refund period of the deposit. Last year, I also shared a lot of money to share the bicycle, and it was cool in the blink of an eye. Sharing bicycles to the sea is blocked, and infrastructure and policy specifications are two major obstacles that cannot be ignored. In addition to China, it is difficult to find a market large enough to support the profit model of shared bicycles. But Indian entrepreneurs seem to have different ideas.from Since 2017, there have been nearly a decade of shared bicycle companies, and they have received financing. Yulu, Bangalore raised funds from investors such as Blume Ventures, and was supported by Flipkart co-founder Binny Bansal and Google's former vice president Amit Singhal; another company, Bounce, received $15.2 million from investors such as Sequoia India. Funding; Mobycy, based in Gurgaon, also raised $500,000 in seed funding last December. India’s shared cycling market is thriving. Financing boom Amit Gupta is the co-founder of India's first unicorn Inmobi. When he started his tenth career as a president-level position, he chose to rush,from Founded another company, Yulu bicyclefrom . Near the Bangalore MRT station and the CBD, bright blue Yulu bikes can be found everywhere. Amit told Zhixiang.com to do shared bicycles.from "Indirect pollution reduction"from . He was born and raised in the small town of Kanpur in northern India. In June this year, he was stamped by the World Health Organization as the "world's most polluted city". He talked about his hometown and he was very excited. Yulu bicycles charge only 10 rupees in the first half hourfrom from After that, you will receive 5 rupees per half hour. The user downloads the Yulu application code to drive, and after the end of the ride, the car needs to be parked in the parking area closest to the destination. Industry insiders estimate that India's shared bicycle market is currently worth $1.2 billion.from In addition to Yulu, the main players are Pedl, Mobycy, Bounce and the Mobike from China. "The industry is promising and profitable, and the success of Ola and Uber proves that transportation is likely to move in tandem with mobile phones," said Sajith Pai, an investor at Blume Ventures. The player who recently entered isfrom Bounce from the scooter sharingfrom . In June, ofo withdrew from the Indian market and Bounce recently announced the acquisition of its assets in India. Prior to the acquisition, Bounce launched 500 scooters in Bangalore. "The last mile traffic from the bus or subway station to the office and home is very troublesome, and there aren't any tricycles or taxis that are willing to travel so short distances." Bounce co-founder Vivekananda HR told Zhixiang.com. "The bike we acquired from ofo will also join the pilot." He said that Bounce's application will support the use of bicycles within 45 to 60 days. Indian entrepreneurs inherit from Chinese companies, not only the legacy left by the defeat, but also the foresight of operational management lessons. In Pune and Bangalore, the small blue car Yulu and the small green car Pedl can be seen everywhere. In the beginning, the user can park the car anywhere, even in the middle of the road, causing traffic disorder. Yulu had to send a team to carry the bicycle and park it in the right place. As a result, the cost was too high to sustain, and Yulu learned the lesson and began to work with Pedl to work with the local government to plan the designated parking area. In Bangalore, there are now 500 parking lots, with more than 1,000 in all four cities. Tangled user experience But some problems cannot be solved by "inheritance".from Such as technical and operational errorsfrom . in India,from The user experience of shared bicycles still needs improvementfrom . The personal experience of Zhixiang.com reporters and other users have found that it is not uncommon to include brake failure, smart lock failure, tire leakage, etc., and the parking area is not dense enough. Sometimes users even need to lock the car. Walk another kilometer to the destination. Vivek Kumar is a 22-year-old software engineer who recently moved from Delhi to Bangalore. When he first arrived in Bangalore, he was riding a shared bicycle to take an interview in the city. On the way to the interview, he found that the bicycle chain was broken, which was very embarrassing: he had to park the car to the designated parking area first, otherwise the software would always charge. "I had to push the car to the Pedl stop 500 meters away and spent a lot of time locking the bad car." Kumar told Zhixiang.com. But in fact, Yulu and Pedl also have a dedicated person who maintains the bicycle and maintains it every four days to keep the bicycle in good working order. But Amit said that when the company enters an area, the maintenance situation will be less stable, "because the local business is not yet fully stable." "In those old areas, you will find that our bicycles are in good condition and most of them are working very well. Recently we have deployed near the Electronic City, where a large number of large IT companies such as Infosys, Wipro, etc. are gathered. We need four It takes six weeks to complete the layout," Amit said. But compared to China,from India’s transportation infrastructure is generally backward, which also buried a dark mine for shared bicycles.from . In India, there are few cities that have bicycle lanes; unlike China, cycling has developed into a healthy, avant-garde lifestyle, and Indian bicycles are often seen as commuters. "We entered the shared bicycle industry because we wanted to be a multi-channel travel platform. Urban transport has always been a challenge for both the government and citizens. We hope to solve this problem on a large scale and help improve infrastructure." Rakshak N, head of Pedl's operations growth department, said.

According to Gupta, Yulu has 6,000 bicycles in four cities, while Rakshak says Pedl has 15,000 bicycles in eight cities. Recently, Yulu landed in Mumbai and Bhubaneshwar. The two companies use an average of four to five times per bicycle per day. New model of government-enterprise cooperation The rapid rise of shared bicycles in China,from Driven by startups and capitalfrom After the government's shared bicycle industry was fully blossomed, the government proposed the regulations in a targeted manner. Sharing bicycles to stop and block traffic, scrapping cars affecting the city's polluted environmentfrom It has caused dissatisfaction among the citizens. Many cities have successively issued "no-going orders" to try to limit the endless growth of shared bicycles. But in India, the government is one of the promoters behind it. On November 26th, the chief minister of Orissa, Naveen Patnaik, unveiled the MO bike and encouraged city residents to use shared bicycles in Bhubaneswar. The Orissa government has partnered with Yulu, Yaana Ventures and Hexi Capital to launch a total of 2,000 bicycles. The program is a public bicycle sharing last year in cities such as Mysore, Pune and Chandigarh.from from Part of the plan, which is dedicated to infrastructure construction, including the use of GPS docking and bicycle lanes. Several investors told Zhixiang.com that once the government’s encouragement slows down,from Infrastructure, cycling conditions, parking area and income modelfrom Will determine the fate of these startups. Amit has visited China many times in the past decade. He said that although many Chinese cities have dedicated bicycle lanes, bicycles are not a popular way of travel until the ono and Mobai. "In India, road conditions are a threat, but not a hindrance. There is no doubt that we certainly hope to have a sound infrastructure, but we do not want it to be an excuse for standing still, and the government will start after seeing actual demand. Improve the infrastructure," Amit said. Both Rakshak and Amit also said that they will continue to work with local government agencies to make the PBS system truly a seamless link to travel. " Local government agencies are actively asking us questions about user feedback, user base, etc. Although the penetration rate is already high, it has not yet reached the level expected by the company or the government. The government also wants to improve the infrastructure, but considering the bureaucratic delays in India The style is rampant, it still takes time," Rakshak said. This statement is true. The PBS project in Karnataka was named after the bicycle ringing "Trin Trin", but the shared bicycle service was postponed in Bangalore because the originally planned 125 km bicycle lane was put on hold due to funding problems. "I think that as a means of transportation, bicycles are not applicable over 500. It is ok in Bangalore, and its climate is the most pleasant in the country. But if it is like Mumbai or Delhi, it is either too cold or too hot. It's hard to ride for more than 15 minutes." Rahul Chowdhri of Stellaris Venture Partners told Zhixiang.com, therefore, Stellaris chose to invest in the shared scooter company Vogo. Vouncekananda, co-founder of Bounce, also expressed similar concerns. "In the end,from The situation may be different in different citiesfrom . But only time will tell how much we can do this business,from from We still believe that the market space for scooters will be even greater. " He says. In addition to cooperating with the local government to build a “smart city”, many shared bicycle companies also provide services in cities with more tourists such as Varanasi. Swinging profit model The failure of China to share bicycles, to a certain extent, has not been able to come up with a sufficiently profitable model because of the independently operated bicycle companies. Shared bicycles are a heavy asset business.from Yulu and Pedl each priced at 10,000 rupees per bicyclefrom from And 13,000from from rupee. Yulu has 10,000 bicyclesfrom from And Pedl has 15,000 cars. Damage to the bicycle is also a big problem. " Generally speaking, when we land in a new city, we will provide the old car first, so that even if it is destroyed, it will not lose too much money. This is a business strategy," Amit said. But this is still not enough to support a profitable model that is still working, and the founders are still groping. "The current challenge is that we can't borrow these assets as collateral. This is a capital-intensive business. If Pedl is seen as an independent business, then we may not be able to pay for it for a while. But we are a family. Multi-channel service companies, we want to promote our other businesses to users," Rakshak said. "We will then promote our other products, such as autonomous vehicles and Zap membership programs to Pedl users," Rakshak said. This is exactly the same as the intention of the US group to acquire Moby. Because of Mobei's huge offline traffic advantage, the US Mission does not hesitate to bear its losses, to drain to core business such as takeaways and hotels. According to the US IPO document, the deficit of the Mobike bicycle in April alone reached 480 million yuan. Can Indian startups take a different approach? Amit is full of confidence, he thinksfrom Advertising can be a stable source of incomefrom Related plans are already in full swing. "We intend to advertise at the same time in the bicycle, mobile software and parking areas," Amit said. He said Yulu is already negotiating with advertisers, and once the user base reaches a certain size, Yulu may start advertising in the next fiscal year. "The value of the last mile transportation solution is incalculable, and time will tell us how to make money." He added. Source: Titanium Media All articles on this site are shared by users. If you want to see more, please go to howlifes Read the full article

#bicycles #Bright #East #India #Rise #Sharing #TheriseofIndiasharingbicycles:theEastdoesnotshineintheWest?

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coin-river-blog · 6 years

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Didi Chuxing, the ride-hailing and transport service based in China, has outlined steps to commence a firm-wide layoff that is expected to affect 15% of its total workforce after suffering a reported $1.6 billion loss in 2018.

Cheng Wei, Didi’s Chief Executive Officer, told management that the layoffs are necessary if the company is to remain profitable and ward off competition from some new entrants in the Chinese ride-hailing industry. Wei also reportedly confirmed that following the layoffs, Didi would ensure the improvement of its core mobility service, while ceasing operations in units that are considered to be “non-essential” to its ride-hailing operations.

A Hiring Spree Just After the Layoffs

However, in spite of the layoffs, which are expected to see the company let go of about 2,000 people, the company will hire an additional workforce of about 2,500 people before 2019 draws to a close.

The massive hiring spree is a part of the company’s mission to maintain a healthy employee count, while it works to bring improvements to its product technology, pay more attention to the safety of its rides and passengers, and also work out further opportunities for expansion into international markets.

Poor Public Image Haunting Didi

The Chinese firm has had to struggle with a poor public perception over the past couple of months, as it garnered public outrage over two separate murder cases involving its passengers.

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In May 2018, the first murder case was reported, involving a 21-year-old flight attendant named Li Mingzhu. Li was found dead in Zhengzhou after calling a cab on Hitch, a carpooling service and a subsidiary of Didi. According to investigators, Li’s driver (surnamed Liu) killed her, left her body in the car, and then fled via a nearby river.

Another murder case was reported in August 2018, this time involving a 20-year-old lady identified merely as Zhao. Ms. Zhao was killed in Wenzhou, after reportedly sending a distress message to a friend of hers from a Didi cab.

Her driver, whose name was given as Zhong, was eventually taken into custody, where he confessed to raping and killing her.

Financial Struggles

Beyond the public relations issue, Didi is burning cash. Financial data released by Chinese news site 36kr revealed that Didi made a loss of 10.9 billion Yuan ($1.6 billion) in 2018. The company, which is valued at $65 billion, has reportedly been incurring operating losses for six consecutive years, including 4 billion Yuan ($587 million) loss in the first half of 2018.

The company is also facing pressure on various fronts, thanks to the increased popularity of market newcomers like Mobike, a stationless bike-sharing system founded in Beijing.

Hope for the Future?

However, not all seems bleak for China-based Didi. After cementing its status as the largest ride-hailing service in the world by fleet capacity, driving San Francisco-based rival Uber, out of China, the company now has its sights on overseas expansion. With capital injection from tech giants like Apple and the SoftBank Group, Didi has launched its services in Mexico last April, marking its first journey into the South American ride-hailing market.

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The company is also working on expanding into Chile and Peru, according to a report by media outlet Reuters.

The ride-hailing service has also been busy with investments of their own. Per documents filed with the Registrar for Companies (ROC), Didi, through its investment arm Star Virtue Investments, poured $100 million in seed funding into OYO, a hospitality company based in Gurgaon. The funding round was completed last month, and it is expected to be part of a $1 billion round raised by OYO last September.

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mayankrawal18 · 4 years

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Top 5 Female-Founded Startups in India

Female-founded start-ups are on the rise in India. With their determination, perseverance, and passion, women have come a long way in our country and are now set to change the startup landscape of India. In the world of business, which was majorly a man-driven industry, our women are growing by leaps and bounds. Not only are they making their mark in fashion, food/beverages and lifestyle industries, they are also penetrating into the technology and other sectors and doing great for themselves. As per statistics, of the total number of companies that got seed funding in India, more than 15% are founded by women. This might not sound like a great number, but it is an increase from what it was earlier. Let’s take a look at some of the very significant female-founded startups in India and their founders:

1. Shoplues- Radhika Ghai Aggarwal

ShopClues is an online marketplace selling everything from technology and fashion to footwear and jewelry. It was established in July 2011 and is based in Gurgaon, India. Radhika Aggarwal is one of the three co-founders on ShopClues and is India’s first woman to enter the Unicorn Club. She holds an MBA from the Washington University in St. Louis. Prior to entering into the entrepreneurial venture, Radhika worked in the marketing department of companies like Nordstrom in Seattle and strategic planning at Goldman Sachs. Prior to ShopClues, she had started a company called FashionClues, which was a content portal for NRI women.

2. MobiKwik- Upasana Taku

MobiKwik was founded in 2009 and is a company that provides a mobile phone-based payment system and digital wallet. Upasana Taku and her husband, Bipin Preet Singh are the founding members of this company. The husband-wife duo saw a great opportunity to improve mobile recharge options and this drove them to begin this venture. Before MobiKwik, Upasana had founded another payment gateway called Zaakpay. After completing her MS in Management Science & Engineering from Stanford University, she worked at PayPal in San Jose, California as a product manager, before returning to India in 2008.

3. Freshmenu- Rashmi Daga

FreshMenu is a full-stack online kitchen that serves global cuisine right at your doorstep. Its menu keeps changing on a daily basis unlike ordinary restaurants and has offerings spread across mains, salads, appetisers and desserts. Freshmenu was founded by Rashmi Daga in 2014 out of Bangalore. It now has its branches in Mumbai, Gurugram and Delhi with 26 operational kitchens. Rashmi Daga is an IIM-A alumnus and has previous work experience in many companies including Bluestone.com, Olacabs, TutorVista, LifeScan and more.

4. Infibeam- Neeru Sharma

Infibeam is an internet and e-commerce conglomerate involved in digital payments, online retailing, e-commerce software and internet services. The company was founded in 2007 and has offices in Ahmedabad, Delhi, Mumbai and Bengaluru. Neeru Sharma is the co-founder of this company and she heads the corporate and business development sector. Prior to venturing into this company, Neeru was working at Alcatel India as product manager, leading R&D projects in the intelligent network services domain for major telecom partners in India, Australia and France. She holds an MBA degree from Carnegie Mellon University.

5. LimeRoad- Suchi Mukherjee

LimeRoad is India's first boutique fashion marketplace for women. LimeRoad was founded by Suchi Mukherjee in 2012 when she realized that there was no way to discover lifestyle and accessories for women online easily. She has previously worked in eBay UK and was also the Director and a member of Executive Management Team at Skype.

The Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) offers hundreds of free online courses for girls from the best providers across the world for girls in India to study online anytime, anywhere. strives to encourage women from all sectors of society to go far in life with their education and career choices. We believe that good education can mould a woman’s personality and change her outlook towards the world. In order to enable women to have a great career, the Glow & Lovely Careers provides free online courses and expert career guidance on their portal. It also provides online practice tests for various exams, psychometric tests, free online resume builder tool and much more so that women get the right guidance on education and career.

#free online courses

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solis-ventures · 2 years

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How to Overcome Challenges During the Early Growth Stage in Entrepreneurship

Starting a business is an exciting journey, but it can also be filled with challenges. As an entrepreneur, you will face many obstacles along the way, especially during the early growth stage in entrepreneurship. This is when you are trying to establish your startup and build a customer base.

• Identify the Challenges: Take the time to identify and understand the challenges you are facing. It can take time to identify the Challenges and opportunities to grow a business that comes with a startup. The first challenge is finding the right scalable startup idea. You need to place a product or service that has the potential for growth and profitability. This requires research, market analysis, and creative thinking.

• Set Goals: Set realistic goals that will help you overcome the challenges. Once you have identified a viable startup idea, you need to set goals and develop a business plan. This will help you stay focused and organized as you move forward. The second step is securing financing. You may need to seek out investment banking companies or apply for a loan to get your business off the ground. This can be difficult, but it is essential for your business's stability and growth. • Develop a Plan: Create a plan of action that outlines how you will tackle each challenge. You need to create a brand identity and develop a marketing strategy to reach your target audience. This includes creating a website, developing social media campaigns, and utilizing traditional advertising methods. One more challenge is managing the day-to-day operations and analyzing your daily performance. You need to be able to track your progress and make adjustments as needed. This includes managing finances, monitoring customer feedback, and staying on top of industry trends. Finally, you need to stay motivated and focused on your goals. Starting a business is a long-term commitment and requires dedication.

#early growth stage in entrepreneurship #investment banking companies #Find a Growth Hacker for Your Startup #seed funding companies in gurgaon #Business Solutions for Investors & Entrepreneurs

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thetechmedia1 · 4 years

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Online grocer Milkbasket raises $5.5Mn in fresh round led by Inflection Point Ventures

Grocery delivery platform Milkbasket is announcing a fresh $5.5Mn round led by Inflection Point Ventures, along with participation from existing backers. These include Blume Ventures, Kalaari Capital, Mayfield India, Unilever Ventures and BeeNext.

MilkBasket, despite serving a substantially large consumer base, has raised less than a fraction of external capital than what other peers have raised. And that has been primarily because of company’s sustainable business model and control over the entire end-to-end supply chain. With that initial success and a gap that became prominent during COVID-19 lockdowns, the startups has now decided to further expand and hence the fundraise.

In fact, the model has been so successful, that the company expects to turn profitable by the end of this year. Anant Goel, Co-Founder and CEO, Milkbasket says, “This is probably our last fund raise on our path to profitability – that we target to achieve in 2020. Our Gurgaon, Noida and Bangalore operations are already breaking even with other cities on an accelerated track. These funds will provide a further boost in our efforts to achieve the same and necessary buffers to deal with any eventualities.”

The company claims to have successfully delivered over 30 Million orders till date, backed by advanced tech across the full-stack supply chain from sourcing to last-mile delivery. The company claims to be serving 130K households across Gurgaon, Noida, Dwarka, Ghaziabad, Hyderabad and Bangalore. The platform now offers over 9000 products across fruits & vegetables, dairy, bakery and all other FMCG categories.

In terms of COVID-19 specific measures, the company has rolled out several customised offerings, keeping in mind strict and varied level of lockdowns. MilkBasket launched services like MbBulk and SCO (Senior Citizens Only) Helpline across multiple cities to help people sustain the lockdown without venturing out for groceries. Senior citizen grocery helpline was launched to help the elderly who didn’t have their sons and daughters with them and were in particularly at risk due to the outbreak. Milkbasket staff wears masks and gloves at all times and undergoes daily symptom assessment tests.

Inflection Point Ventures has surprisingly been among one of the more active startup investors in an otherwise dull fundraising scenario. The firm recently also invested in edtech company Edvizo, with a $150K seed round. he Angel Platform, started in 2018, has been investing in startups across high potential sectors like health tech, delivery, ed tech and telemedicine at ‘rational’ valuations.

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ainvestops · 4 years

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How coronavirus could affect restaurants and the culture of eating out in India

By Anoothi Vishal

Life will hardly remain the same when we get to the other side of the Covid-19 pandemic. Economists and social scientists are predicting lasting changes in the way we live, work and eat.

Some of these were already in the making but are expected to be fast-tracked as people change their habits to contend with the epidemic. It is likely that “some of these habits will stick”, says Susan Athey, a professor of economics of technology at the Stanford Graduate School of Business, in The Washington Post. What changes will we see in India?

How will the pandemic affect restaurants and the culture of eating out that had been steadily evolving in the last decade and a half, but was impacted by the economic slowdown for several months now? One of the sectors worst affected by Covid-19 will be food services, estimated at Rs 4,23,865 crore in India and employing more than 700,000 people, according to the National Restaurant Association of India. As brick-and-mortar businesses shut down, restaurants are struggling, but small efforts are afoot to salvage whatever they can.

A restaurant in Gurgaon, for instance, is offering tickets against a future five-course meal paired with cocktails, in line with efforts internationally to keep businesses afloat. Others have taken to limited deliveries for people. However, with the growing fear of exposing the staff to infection, many are shutting these down, too. The human tragedy all this entails is almost unbearable. Will there be light at the end of the tunnel? What kind of eating-out experiences will diners go back to, and what trends will flourish as others die out? Here’s a look at some ways in which dining as a business is likely to change in the post-Covid-19 world:

End of Social Dining: One of the nicest trends that was emerging in India was social dining, where shared tables in restaurants and bars attempted to create bonds between strangers over food and drink. After quarantine and quarantinis (if you are privileged and lucky), this experiment is likely to be nipped in the bud.

The world, politically and economically, may lean towards more barriers or mutual cooperation, but when it comes to food in India, deep-seated cultural prejudices about dining with “others” are likely to become exacerbated.

Rise of Premium Deliveries: While brick-and-mortar restaurant business was hurting even before the epidemic hit, delivery services were on an upswing. The millennial and Gen Z consumers were showing preferences not just for value-formoney meals but also enhanced “experiences” even in delivered food. The most recent phenomenon was the emergence of chef-led delivery brands in Mumbai and Delhi, where top chefs and restaurateurs promised to provide higher quality food cooked in cloud kitchens and delivered to the comfort of homes. This trend is likely to pick up when the novel coronavirus retreats. This entails lower costs and more business per square foot, and chefs and restaurateurs will be looking to capitalise on it.

Foreign Charms Wear Off: Pop – ups by various “Michelin-starred” chefs (restaurants get stars, not chefs), as they were being lauded in India, could lose the sheen. Glamour events funded by liquor companies and others will be hit not just by the economic downturn but the possible reluctance of consumers to go in a crowd to any event.

As JOMO trumps FOMO, this is a fallout many who value quality over buzz may not be too upset about. More substance, less style and less money spent on booking seats to an event where the chef is more glamorous than the dessert should be a good thing.

Cooking at Home: Every disaster carries with it the seeds of opportunity. There may be renewed interest in slow food, as something to be savoured and created in personalised ways. People are already showing huge interest in sharing recipes, cooking tips and pictures of homecooked meals on social media. This can be harnessed to create businesses.

Cleaner, Not Cheaper Food: The notoriously price-sensitive consumers may finally become more mindful of quality ingredients grown in safe and sustainable ways, cooked by well-trained staff and served in hygienic conditions. This means the cost of food in a restaurant may go up, and restaurants may find it harder to compete on price alone. Many restaurants may in fact shut as people tighten their belts, reduce discretionary spend and cut down on the frequency of eating out. However, when they do eat out, they may eat at quality restaurants rather than at cheap Chinese outlets.

Restaurants may be forced to shut shop or clean up. In fact, this may be the shake-up waiting to happen in the Indian restaurant business. A silver lining in these dark days.

The writer looks at food and culinary traditions

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boldlykeenblizzard · 4 years