The French designer Yves Saint Laurent nailed it when he said, “The most beautiful makeup of a woman is passion. But cosmetics are easier to buy”. This is especially apt in today’s day and age where the ever-helpful e-commerce businesses are putting everything a consumer needs online and giving it to them with hefty discounts.
For every girl, be it a college student or a working woman, her one-stop beauty destination is NYKAA! Launched just in 2012 by Falguni Nayar, an alumnus of IIM Ahmedabad, Nykaa is currently valued at INR 3000 Cr. Let’s delve into the entrepreneurial journey of Ms. Nayar, and see how the Company has managed to achieve breakeven EBITDA and a valuation of INR 3000 Cr in a span of 7 years
Continue reading “Startup Sunday || Season 3 Episode 22 || Nykaa! One stop beauty destination”
The Alibaba Group, commonly referred to as Alibaba, is a conglomerate consisting of multiple companies, which provide a variety of internet features. Alibaba is often seen as the combination of Amazon, eBay, and PayPal; however, it offers much more. Alibaba primarily focuses on its function as an e-commerce marketplace but is also involved in adjacent markets, such as cloud computing, mobile chatting, and personal financing. The journey of Alibaba, led by its founder Jack Ma is often celebrated as an example of how the vision of social inclusion can build a small startup into one of the highest valued companies of the globe. Recently Jack Ma has announced that he is going to retire as the Executive Chairman of Alibaba Group in exactly one year from now. This news has led to the speculation as to how the company will perform once its most influential personality takes a backseat and hands over the reins to a new individual, Mr.Daniel Zhang, Alibaba’s financial whiz. Continue reading “Startup Sunday Season 3 Episode 14(Alibaba Group – Jack Ma’s Exit)”
OYO Rooms, to be valued at $2 Billion, could be the next entry in the Unicorn Club. Started in 2012 the success story of Gurugram based OYO rooms almost seems like a fairy tale. Founded by Ritesh Agarwal,24, a tall, thin, scruffy looking guy who would be lost in crowd is an inspiration to every budding entrepreneur. Earlier this June the online hotel aggregator, which reportedly has a network of over 1,00,000 rooms in India, has already started establishing its presence in London & China. Let’s unwind the story of OYO Rooms! Your budget-friendly holiday home.
The Maestro and the Orchestra
Ritesh Agarwal hails from a well-off business family from Bissam, Cuttack. At the age of 8, he started coding and thus began his love for software programming. At the age of 16, when he was in Kota to join IIT, Ritesh travelled extensively and stayed in odd Bread & Breakfast (B&B) places and by the time he was 18, he dropped out of college to kick-start his entrepreneurial dream. It’s been an exceptional journey for Ritesh, from being a college drop out at 18 to a Millionaire at 24.
In 2012, Ritesh Agarwal started with Oravel Stays! replicating the model of Airbnb i.e. providing short and midterm rental B&B joints, serviced apartments and private rooms. But the Company failed to pick up and garner any movement; so ultimately in 2013 the existing business model was tweaked to make way for “OYO Rooms”.
Continue reading “Startup Sunday Season 3 Episode 8 (OYO Rooms)”
The first wave of unicorns (a privately held startup company valued at over $1 billion) was created across e-commerce (Flipkart, Shopclues, Snapdeal) and ride hailing (Ola). With the recent funding round, the tide has turned towards food-tech with Swiggy joining the coveted club along with its closest competitor – Zomato. Let’s unwind the journey of this Bangalore based startup that brings restaurants into your pockets!
Founded in 2014, Swiggy is a food ordering and delivery company. Inspired by the thought of providing a complete food ordering and delivery solution, Swiggy brings the best neighborhood restaurants to the urban foodies. With the expanded reach in 15 cities, Swiggy has over 35,000 restaurant partners and a diligent delivery fleet of over 40,000. Continue reading “Startup Sunday Season 3 Episode 3 (Swiggy)”
Finance Minister Mr. Arun Jaitley is all buckled up to present the Union Budget 2018 of India for the fiscal year 2018-19 on February 1. This is going to be the last full-fledged budget presented by the Modi Government before the 2019 General Elections.
Looking at the current landscape of the startup industry, we present to our readers a pre-budget series providing a comprehensive analysis of the general state of affairs of key sectors in India including agriculture, eCommerce, logistics, health, education and real estate from the lens of the startup ecosystem. This series also comes with the expectations of different stakeholders in the Indian startup landscape from the upcoming budget 2018.
Continue reading “Startup Sunday Season 2 Episode 30 (Pre-Budget Series)”
While there are many among us who donate money or in-kind to NGOs if we are convinced that our contribution is in good hands, some shy away because they doubt whether their donations will be put to right use.
This Sunday we bring you the story of two engineers who, motivated by the social causes and needs in our society, set up a platform that help link the donors with the NGOs in a systematic and transparent way.
DONATE PRODUCTS IN NEED TO CHARITIES INSTEAD OF MONEY
Continue reading “Startup Sunday Season 2 Episode 16 (Donatekart)”
This week we present to you the story of an entrepreneur whom you might have seen on the campus. An engineer by fate, a blogger by choice and an entrepreneur by passion, Mr. Ritvij Pathak, PGDMHR 2016-18 batch, converted a simple idea into a prospering business. A fearless risk taker, Mr. Ritvij is fond of transforming simple, mundane things into something that everyone would love. Given below is the transcript of our interview with Mr. Ritvij:
ECell: Who is Ritvij without “The Pooja Shop”?
Ritvij: I am a typical computer science engineer, forced by my parents to pursue MBA. But I never wanted to get into engineering college or a B-school. I was always wanted to be a game developer or game tester. Continue reading “Startup Sunday Season 2 Episode 2 (The Pooja Shop)”
Online Hotel Booking Industry in India had already become a red ocean when Mr. Inder Sharma thought about entering the industry. Two models were dominating the Online Hotel Booking sectors. Online Travel Agents (OTAs) such as MakeMyTrip.com, Cleartrip.com, Goibibo.com, Yatra.com etc. and the Accommodation start-ups such as Oyo Rooms, Treebo, FabHotels etc. had already captured almost 19% of the total hotel booking industry (which stood at $7.2 Bn at that time). Before going further on how Mr. Sharma went ahead, let me explain how OTAs were different from Accommodation Start-ups. Continue reading “Startup Sunday Season 2 Episode 1 (HotelBids.com)”
Tired of roaming in the markets searching for your favourite beauty products?
Purplle.com – India’s #1 Beauty Destination is here to fulfil your cosmetic needs. Started in 2011 Purplle.com with a vision to cater to the beauty needs has been an early mover in the online beauty space and had initially secured an investment by a consortium of Blume Ventures, Mumbai Angels and The Chennai Angels.
Manish Taneja, CEO, Purplle.com said, “Purplle has clearly demonstrated cost efficient scale up in our beauty products market place business and are making rapid inroads into the beauty services market . With further round of funding, we are confident we will establish ourselves as India’s top destination for beauty.”
Continue reading “Startup Sunday Season 1 Episode 22 (Purplle)”
Voonik, began as a Personal styling design application instead of another apparel store. Inside no time from its dispatch it consumed another room in the e-commerce skyline, giving some uniqueness in their startup unlike some big players
Idea behind Voonik’s existence was to let a woman or a girl customer have her own online personal shopping assistant, who will ensure that the dress suits her and also well within her price range.
The deep-rooted custom of taking your companion on shopping to help your selection has now being replaced by this application. Continue reading “Startup Sunday Season 1 Episode 20 (Voonik)”