The world in which we live in, changes and transformation are the only constants. With globalization and liberalization setting in with the full flow, the competition has become cutthroat and fierce. In order to help our new generation, become ready for this transformation, Eat My News has come up with a disruptive solution. It provides a platform where people can upskill themselves with skill development workshops, attend youth leadership conferences and moreover, learn from the industry experts and develop skill sets that can make them industry ready.
Despite of economic falls Indian startups raised a record $2.5 billion in capital in the third quarter of calendar year 2019, the highest in any quarter this year, as a number of new investors have increased deal-making and exits have provided liquidity to investors.
“Anyone who stops learning is old, whether at twenty or eighty” – Henry Ford
What is ‘Skill Prodigy’?
Many students and professionals despite their academic brilliance miss out on bagging their dream jobs. Almost every time the reason is an interview gone wrong. Skill prodigy bridges the gap between knowledge and presentation. Skill prodigy is an app with a user-friendly interface that helps you prepare for interviews. Videos and other tools are applied to give the user a realistic experience. It is backed by dedicated mentors, and it employs the practice of peer reviews.
What is the story behind the inception of ‘Skill Prodigy’?
As mentioned earlier, the reason behind a failed interview was known. But the students didn’t have any proper means to rectify. A problem presented itself and we had the solution, we simply realized it.
What business model does ‘Skill Prodigy’ employ?
- B2C – Students and professionals with less than three of experience
- B2B – Universities, corporates, and technical training providing institutes
- Customized in-app training for interviews, group discussion, CV analysis along with personal mentorship
- Specialized offline training like accent training
- In-app purchases
- Workshops in universities
- Partnership with other technical training providers
- A licensed model with universities and corporates is in the pipeline
What were the challenges faced during the launch?
- Finding qualified mentors who believed in our cause. They are the cornerstone of the company, without whom it would be a business with hollow values.
- The product was bootstrapped by the co-founders. This placed a few restricted on the capital expenditure, forcing us to focus on high valued investments while having a frugal investment strategy.
- Access to decision-makers in universities was minimal in the beginning
How is your company causing ripples in the e-learning market?
It is a bloodbath with multiple players aiming for the same consumer segment. Creating strong brand awareness in this crowded market is challenging. Having a strong value proposition is what differentiates us. Customer retention is key.
Why ‘Skill Prodigy’ and not other apps?
‘Skill Prodigy’ is a one shop stop. Even though the medium is an app, our human element is our strongest element owing to our dedicated mentors. Its ease of use and economic feasibility make it a true digital pocket partner. It focuses only on communication and covers all aspects of it.
What are your plans for the ‘e’ part of the ‘e-learning’?
At present, the app is available for Android OS. We will soon be launching it for iOS.
Explain to us the expansion and scaling plans set in store?
- Short term plan: Work on brand awareness. We want our presence in tier two and tier three cities pan India.
- Later build on brand presence with the help of an extensive user base.
- Make ‘Skill Prodigy’ a global brand
One of the biggest hurdles for a start-up is funding. What about ‘Skill Prodigy’?
Co-founders have been bootstrapping it until now. We are focusing on friends and angel investors who are interested in small-ticket items. Since the company is only five months old, we are not approaching venture capitalists and other big fishes as of now.
Since the company is in its initial stages, it is turbulence max now. How are you managing it?
It is not a cakewalk, situations are very volatile. Our goal ‘To make every individual in India a great communicator’ is what drives us.
What are the main factors to be kept in mind while building a start-up?
- Rock-solid team – Start-up is a pipe dream without it. Each member’s drive and effort is the pillar of a start-up.
- Execution plan. Even the most brilliant ideas are meaningless without a proper plan to realize it.
- Your gut is seldom wrong. But at the same time consensus is important.
- Try to build symbiotic relationships.
- Nothing can replace research.
- Start small. Test your market and then improvise.
- Reach out to your gurus for guidance.
“You need three things to have a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible.”
Owning a team jersey with one’s name, number and logo is a matter of pride for every sports enthusiast. So, here’s where your dreams come true and ‘Hyve Sports’ steps in. Continue reading “Startup Sunday || Season 4 Episode 6 || HYVE Sports”
Most of the startups are built with the intention of problem-solving and making the lives of people easier. One of the aptest examples of this is “Delhivery”. In an interview, Sahil Barua, one of the 5 co-founders of Delhivery said: “We had worked extensively in the telecom sector and over the years we realized that internet is going to revolutionize how businesses would be done”. In one of the incidents where Sahil wanted a book to be delivered to one of his friends Suraj, also a co-founder, who lived across the street, through a courier service, both of them realized inefficiencies in the system when the courier service provider charged them Rs. 350 and took 2 days to deliver which they couldn’t understand “why?”. In order to solve this problem, they came up with “Delhivery”.
Delhivery is a Delhi based startup that helps merchants and brands create successful online businesses by providing E-Commerce technology and core logistics support.
The story of most of the successful startups starts from realizing the gap in the market and moving towards filling that one. Indian television entertainment has a huge pile of content but somewhere lacks the specific content to cater to the young viewers. There came the most famous YouTube content giant to amaze the viewers with exactly what they were looking for.
This week, we present to you the story of a guy who did something out of the league and created our very favorite TVF.
The Viral Fever (TVF) is an online YouTube channel started by TVF Media Labs in 2010, and currently owned and operated by Contagious Online Media. TVF was the pioneer of web-series in India with hits like Permanent Roommates and Pitchers. As of December 2018, TVF has over 5 million subscribers on YouTube.
Education has become a costly affair with the rise in the demographics of children and young adults in the Indian educational system. The Indian education sector has seen high growth in the past two decades with parents looking to admit their children into English medium schools. The rise in private schools training young children in the foreign language, along with teaching them moral education and modern etiquettes, appealed to the rising Indian middle class. This also led to the number of students passing 12th every year. In the subsequent days, new private graduation and post graduation institutes and universities have been established following norms laid down by Government regulated norms and principles.
Such an increase in the number of students to an average of 45-50 students in a batch has resulted in a lack of attention to individual students. In this edition of Startup Sunday, we the Entrepreneurship Cell got an opportunity to talk to the CEO/Founder of one such startup which is working towards making quality education accessible & affordable to every child from the best teachers across India.
Reaching our destination on time is the first and foremost requirement that needs to be met by every person in today’s busy, fast-paced world. But given our population count and the number of vehicles on the road, traffic is simply inevitable. Thus, came an opportunity for us to solve, a gap to be filled and so was created the category of shared mobility space.
This Start-up Sunday we bring to you an idea that filled this gap and managed to sustain and grow exponentially within a short period of time.
Previously in 80’s and early 90’s, could anyone even imagine how life can be this convenient! Opportunity always lies there but only few have those eyes to see it and become the CHANGE-MAKERS!
In this edition of Startup Sunday, we present to you the story of one such endeavour by the dynamic personality Mr. VSS Mani, has made a huge difference in society by providing local search services.