January 2024

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Savitri

helloentrepreneurs.com 15th JANUARY 2024 | YEAR 3 | ISSUE 4

Jindal

How China is winning the AI race?

The Dunzo

HI Com

the 'Steel Woman of India'

Dilemma What is really happening with Dunzo?

From Classrooms to Boardrooms: How Globus Infocom Redefined Educational Solutions

The future of Internet connectivity

Why once FedEx bet

their entire company in a casino?

15th JANUARY 2024 | YEAR 3 | ISSUE 4

Title Code : GUJENG16232 15th JULY 2022 | YEAR 1 | ISSUE 10

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Content inside

OurTeam Editor-in-chief Melvyn Thomas ■■■ News Editor N.N. Desai ■■■ News Reporters Rahul Mehra Deepthi Shanishwara ■■■ Copy Editor Vishal Jasani ■■■ Sales Support Administrator Mehul Desai ■■■ Data Analyst Jayesh Shahane

1 Edtech simplifies access to higher education opportunities abroadHeavy on Fea›› Page 4-5 ture...

2 Digital technologies can bridge the demand-supply gap in Auto After-Sales believes Mridu Mahendra Das

›› Page 6-8

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7 Serial Entrepreneur’s Third Startup Making Waves in Edtech Industry ›› Page 16-17

9 Neeti Goel From award-win-

ning Restaurateur to social ›› Page 20-22 entrepreneur

10 Why the crypto bear market may be a good thing for Indian investors ›› Page 23 11 Role of Metaverse in accelerating economic development of Indian economy ›› Page 24-25

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6 3 reasons why the gig workforce is integral to new-age internet companies ›› Page 14-15

8 Enterprise Training startup SpringPeople gaining traction ›› Page 18-19

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3 Gift of baby skin care products for millennial parents ›› Page 9-10 4 Start your tech career and pay after 1st salary ›› Page 11-12

12 Bridge the Communication Gap Between You And Your Customers ›› Page 26-27

13 How to Choose The Right ›› Page 28 Realtor for You 14 EVI Tech acts like an Extinguisher; a way to solve fire in electric vehicles ›› Page 29

Business | Womentrepreneurs | Entrevista | Entrepreneur Saga | Brand Saga | Startup Stories 15th JULY 2022 3

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Content inside

■ The Dunzo Dilemma: What is really happening with Dunzo?

›› Page 3-6

■ How China is winning the AI race?

›› Page 22-23

News Editor Rahul Mehra ■■■ News Reporters Ansh Singh Dev Jani ■■■ Copy Editor Vishal Jasani ■■■ Sales Support Administrator Mehul Desai ■■■ Data Analyst Jayesh Shahane

Hello Entrepreneurs Magazine and online content is published by Primex Media Services Private Limited (Title Code: GUJENG16232)

Address 101-A, First Floor, Canal Walkk Shoppers, Near L.P Savani Academy, RCC Canal Road, VIP Road, Bharthana-Vesu, Surat-395007. info@helloentrepreneurs.in PUBLISHER: Primex Media Services Pvt. Ltd. Subscription : Rs 50 per month, Rs 500 per year. ALL RIGHTS RESERVED, REPRODUCTION IN ANY FORM IS STRICTLY PROHIBITED.

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■ Revolutionizing Creator: A deep dive into Animeta and its creator tech platform ›› Page 20-21

■ Passionate Leader of Sainath Developers: Pratik Kataria's Path to Success ›› Page 24-25 ■ SILA's decade of distinction: A Conversation with Sahil Vora ›› Page 26-27 ■ Unleashing digital mastery: The journey of Mr. Shiva Bhavani and Wing Communications ›› Page 28-29 ■ HI Com: The future of Internet connectivity ›› Page 30-32

■ Empowering Women Entrepreneurs: The IndiaP2P Journey ›› Page 7-9 ■ Agam Chaudhary: A visionary leader transforming the tech and marketing landscape ›› Page 10-11 ■ From Classrooms to Boardrooms: How Globus Infocom Redefined Educational Solutions ›› Page 12-13 ■ Savitri Jindal: India’s wealthiest Women, the “Steel Women of India” ›› Page 14-17 ■ How KAI India's marketing head transformed challenges into business growth ›› Page 18-19

■ The Bachhawat Brothers: How Rohit and Ankit Bachhawat Drive Litmus ›› Page 33-35 ■ Why once FedEx bet their entire company in a casino

›› Page 36-37 ■ How to make a perfect pitch for your next investor's meeting?

›› Page 38-39 ■ Transparency, Quality, and Dedication: The winning formula of “The Memories Event”

›› Page 40-41 ■ 20 Prominent AI Startups

›› Page 42-45 ■ Top 10 Fund Raising ›› Page 46-47 ■ News snippets

Business | Womentrepreneurs | Entrevista | Entrepreneur Saga | Brand Saga | Startup Stories 2 15th JANUARY 2024

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The Dunzo

Dilemma What is really happening with Dunzo?

Ansh Singh India has the world's third-largest startup ecosystem, with a thriving community of new and aspiring companies emerging regularly. In this vibrant landscape, a multitude of startups has sprouted, each with its unique vision and aspirations.

Among them, a select few have not only achieved unicorn status but have also become industry giants, Startups like Zomato, Flipkart, and Paytm, which have navigated the competitive market with ingenuity and determination, ultimately establishing themselves as unicorns.

These success stories serve as inspiring benchmarks for aspiring 15th JANUARY 2024 3

entrepreneurs within the Indian startup ecosystem.

However, the startup journey is not without its challenges, and some unicorns have faced setbacks that led to their unfortunate demise. Startups like RoomsTonite, InoVVorX and Jobridge, despite their initial promise, faced the harsh realities of the market and, unfortunately, succumbed to financial pressures.

Among these, Dunzo, a quickcommerce start-up founded in Bangalore in 2014, stood out as a promising disruptor in the logistics industry. However, despite its ambitious goals, Dunzo faced challenges that led to its cessation of operations in 2023.

Early Success: Dunzo, founded by Kabir Biswas, Ankur Aggarwal, Dalveer Suri, and Mukund Jha, offered ondemand delivery services across multiple cities in India. Despite successfully raising over $200 4 15th JANUARY 2024

Dunzo faced challenges leading to its failure, notably due to a lack of differentiation and innovation in its product and service offerings. While initially introducing a unique concept of delivering a wide array of items within the city, Dunzo eventually succumbed to becoming a commoditized service with numerous competitors replicating its model. The company failed to establish a robust moat or competitive advantage, leaving it vulnerable to competition and hindering the creation of a loyal customer base. million in funding and expanding its reach, the company encountered financial difficulties, resulting in its closure. Surprisingly, Dunzo not only struggled with financial losses but also faced operational hurdles, including substantial layoffs, delayed salary payments, and disputes over non-payments with Facebook.

In 2016, Dunzo secured $1.8 million in a Series A funding round, with Bloom Ventures. This capital injection facilitated Dunzo's expansion from Bangalore to major Indian cities such as Delhi, Mumbai,

Pune, and Hyderabad. By 2018, Dunzo had amassed a total funding of $11 million and was accomplishing over 50,000 daily deliveries.

Through partnerships with numerous merchants, Dunzo diversified its delivery services, covering food, groceries, medicines, and various other goods. The appeal of Dunzo's swift delivery model, promising deliveries within 15-30 minutes, garnered significant user interest.

In 2020, Dunzo successfully raised $45 million in its Series D funding

round, spearheaded by Reliance Industries. This boosted Dunzo's total funding to over $78 million.

Reliance Industries recognized the considerable potential in Dunzo to fortify its new commerce initiative, JioMart. The intention was to leverage Dunzo's network for JioMart orders.

However, Dunzo faced challenges in effectively utilizing this partnership and encountered delays in integrating into JioMart's system.

What went wrong?

Despite having the back of a major conglomerate like Reliance, Dunzo was unable to regain the users and orders it had lost. The company failed to effectively leverage the significant funding support it received.

Despite experiencing rapid growth, Dunzo's overreliance on discounts and promotions as a user acquisition strategy proved to be unsustainable.

The company invested heavily in user discounts and incentives to outdo its competitors, depleting its funds rapidly without a clear path to profitability.

In 2019, Dunzo attempted to pivot its business model by shifting away from offering concessions and instead focusing on establishing distribution partnerships with merchants.

However, this strategic shift resulted in alienating many existing users who had initially signed up for the platform due to the availability of discounts.

Subsequently, Dunzo witnessed a sharp decline in both orders and revenue, marking a significant strategic misstep.

Lacks the ability to Compete: It became apparent last year that Dunzo, in its ambitious endeavor to establish itself as a rapid grocery delivery platform, faced challenges in competing with larger counterparts such as Swiggy's Instamart, Zomato's Blinkit, and Zepto. Consequently, the company started adjusting its business model, signaling that the economic

viability of its 19-minute grocery delivery promise was not sustainable.

An insight into mismanagement: At the start of the year, internal deliberations took place regarding whether Dunzo should abandon its operations in other locations and focus solely on Bengaluru for potential success. Despite ongoing challenges, the company opted to address its issues while anticipating new capital, leading to an increase in accumulated debt. Looking back, this decision appears to be a fundamental issue.

Dunzo has been exploring strategies such as offering free deliveries for higher order values and restructuring pricing for its pick-and-drop service, all in response to the current financial constraints. In these challenging circumstances, one can only hope that these experimental initiatives do not worsen the existing situation.

Data Breach Concerns: In July 2020, Dunzo faced a data breach, revealing that unauthorized individuals had gained access to the company's website, compromising user data including email addresses.

The extent of the information accessed remained unclear initially, but it was assured that payment details were not compromised. In response, Dunzo's technical team enhanced security measures and conducted an internal investigation. The inquiry determined that the unauthorized access may have originated from a breach in a third-party system.

Lack of Differentiation and Innovation: Dunzo faced challenges leading to its failure, notably due to a lack of differentiation and innovation in its product and service offerings.

While initially introducing a unique concept of delivering a wide array 15th JANUARY 2024 5

In April 2023, Dunzo implemented a 30 percent reduction in its workforce, impacting approximately 300 of its employees. Concerns among the workforce were exacerbated by salary delays and deferrals, underscoring the gravity of the company's financial difficulties.

In an internal communication, Dunzo reassured employees that outstanding salaries for June and July would be disbursed on September 4, 2023, along with the August salary. of items within the city, Dunzo eventually succumbed to becoming a commoditized service with numerous competitors replicating its model.

The company failed to establish a robust moat or competitive advantage, leaving it vulnerable to competition and hindering the creation of a loyal customer base. In comparison to its rivals, Dunzo's delivery service did not offer distinct features, with competitors providing similar or superior options, including live tracking, diverse payment methods, customer support, and attractive discounts.

High Operational Costs and Low Margins: The primary factor contributing to Dunzo's downfall is its business model characterized by high operational costs and narrow profit margins. The company heavily relies on a vast network of delivery partners, compensating them 6 15th JANUARY 2024

on a per-delivery basis. Consequently, Dunzo bears the expenses associated with fuel, maintenance, insurance, and incentives for these delivery partners, which can fluctuate based on factors like distance, traffic, and demand.

Another significant issue is the lack of innovation and diversification in Dunzo's product and service offerings.

The company's focus has been predominantly on delivering groceries, food, and medicines, constituting more than 80% of its orders, as reported

by The Ken. However, these sectors are intensely competitive and yield low profit margins. Dunzo missed opportunities to explore and expand into other markets, such as delivering services, experiences, or digital products, which could have enhanced its value proposition and bolstered customer retention.

Financial Struggles: At the conclusion of the fiscal year 2022, Dunzo recorded a doubling of losses, totaling Rs 464 crore, despite a rise in operational revenue to Rs 54.3 crore. In June 2022, the startup experienced an EBITDA loss exceeding Rs 176 crore, highlighting its financial struggles. The primary business, Dunzo Daily, encountered substantial financial pressure, with a loss of Rs 230 per delivered order in the first half of 2022. The company's challenging period was evident through restructuring initiatives, such as shutting down dark stores and implementing workforce layoffs.

In April 2023, Dunzo implemented a 30 percent reduction in its workforce, impacting approximately 300 of its employees.

Concerns among the workforce were exacerbated by salary delays and deferrals, underscoring the gravity of the company's financial difficulties. In an internal communication, Dunzo reassured employees that outstanding salaries for June and July would be disbursed on September 4, 2023, along with the August salary.

Startup Stories Ansh Singh IndiaP2P, led by entrepreneur Neha Juneja, is reshaping finance with a focus on stable, highyield investments. The platform uniquely empowers women borrowers, particularly in rural SMEs, with 96% of its borrowers being women. Backed by investment specialists, IndiaP2P cuts out the middleman, allowing direct investor contributions to loans. Neha, a seasoned entrepreneur, brings her success from co-founding Greenway and pioneering financial initiatives.

Founded by a team with a decade of experience in women-oriented businesses, microfinance, and fintech, IndiaP2P stands out for its commitment to unlocking credit for small and medium enterprises (SMEs), with a particular focus on women borrowers.

Empowering Women Entrepreneurs

The IndiaP2P

Journey 15th JANUARY 2024 7

For retail investors, IndiaP2P offers an attractive option with high-yield, fixed-income, passive investments that provide regular returns. The platform fills a crucial gap in the market by offering diversified P2P lending products, providing a fair playing field for retail investors who seek a balanced portfolio between equity and debt investments.

Mission and Vision:

The IndiaP2P Origin Story

The inspiration behind IndiaP2P stems from the team's firsthand experience in witnessing the success and financial responsibility of women-led businesses, particularly in the microfinance sector. Armed with the belief that women make prudent borrowers and the advent of India's digital infrastructure, the founders set out to create a platform that enables direct investments in loans for small business owners, especially women entrepreneurs.

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At the core of IndiaP2P's mission is the commitment to deliver the best returns to retail investors by unlocking credit for SMEs, with a specific emphasis on women-led businesses. This mission aligns seamlessly with the national goal of fostering prosperity by bridging the credit gap and providing opportunities for women to thrive in the entrepreneurial space. IndiaP2P addresses the inexplicable credit gap faced by women entrepreneurs despite their better credit scores.

By leveraging a technology-first approach, the platform aims to remove barriers and friction, making it easier for women to access credit for their businesses. The goal is not only to provide financial support but also to empower women to become key contributors to their local economies.

For retail investors, IndiaP2P offers an attractive option with high-yield, fixed-income, passive investments that provide regular returns. The platform fills a crucial gap in the market by offering diversified P2P lending products, providing a fair playing field for retail investors who seek a balanced portfolio between equity and debt investments.

Entrepreneurial Challenges and Lessons: IndiaP2P has numerous success stories that showcase the positive impact on women entrepreneurs.

These women-owned businesses

contribute to local employment, serve their communities, and uplift their families. Data from the platform indicates that borrowers are often the primary breadwinners in their households, running their businesses successfully for an average of around eight years.

In a short span, IndiaP2P has achieved significant milestones, expanding to 11 geographies and winning accolades, such as the 2023 Fintech Innovation Challenge

by Women's World Banking.

The platform's growth reflects its reputation as a leading investment product and its commitment to driving positive change in the fintech industry.

Acknowledging the challenges of entrepreneurship, the founders emphasize the importance of building right from the start. Fiduciary responsibility and the need for robust checks and processes underscore the journey of scaling a business responsibly.

Future of IndiaP2P in Fintech: The founders envision the evolution of the entire BFSI industry into fintech, driven by digital public infrastructure, central bank digital currencies (CBDCs), and emerging trends. IndiaP2P aims to continue playing a pivotal role in this transformation.

Expanding Horizons: For those aspiring to make a mark in the fintech industry, the advice is clear: prioritize building responsibly with a strong foundation that upholds the highest standards of fiduciary responsibility.

Looking ahead, IndiaP2P's immediate goal is to expand its field network, reaching and onboarding borrowers from all corners of the country. This expansion aligns with the platform's vision of creating a more inclusive and empowered financial landscape for all.

In a short span, IndiaP2P has achieved significant milestones, expanding to 11 geographies and winning accolades, such as the 2023 Fintech Innovation Challenge by Women's World Banking.

15th JANUARY 2024 9

Startup Stories

A visionary leader transforming the tech and marketing landscape

Agam Chaudhary Vishal Jasani Leaders who are able to combine creativity, knowledge, and real-world business experience with ease are highly valued in the ever-changing fields of technology and marketing and Agam Chaudhary, the founder and CEO of Two99 Organization, embodies this rare combination, driving the company's mission to empower growth for over 100 brands. In this exclusive interview with Hello Entrepreneurs Magazine, we delve into Agam's journey, from an engineer to a global leader, and explore the transformative impact of his groundbreaking marketing algorithm, Beetle.

The Genesis of Two99 Organization: Agam's inspiration for founding Two99 stems from his 16 years of 10 15th JANUARY 2024

industry expertise. The company's mission revolves around enhancing user experiences, fostering engaged communities, and optimizing content distribution to propel brands towards substantial growth. Agam's commitment to customer-centricity became the driving force behind Two99's success.

Engineer to Entrepreneur: Agam's Transition: Agam's engineering background equipped him with the problemsolving mindset and technical expertise necessary for crafting Two99. His transition from engineer to entrepreneur unfolded as he identified market gaps and developed innovative solutions. Agam's journey reflects the power of leveraging skills to create transformative ventures.

Leadership Forged Through Challenges: Agam's career was not without challenges—fierce competition, financial constraints, and market volatility. These hurdles shaped his leadership style, instilling resilience, adaptability, and a customer-centric approach. His experiences taught the importance of agility and continuous innovation, forming the bedrock of his leadership philosophy at Two99.

Beetle: A Marketing Revolution: The interview sheds light on Beetle, Two99's cutting-edge AI-driven marketing algorithm. By analyzing over 100 touchpoints, Beetle empowers brands to strategically align with business priorities, enhance user experiences, and optimize content distribution. It is the catalyst for unparalleled growth, showcasing Agam's commitment to innovation in the ever-evolving landscape.

Agam Chaudhary: A Global Leader: What sets Agam apart in the global business landscape? His unwavering

dedication to his team's well-being, laser-like focus on the business, and exceptional leadership skills. Agam's ability to chart clear paths for action and foster a culture of continuous learning has made him an industryleading visionary, inspiring not only his team but also clients who model their in-house teams after his example. Agam's educational background at IIT Delhi plays a pivotal role in his innovative ventures.

The rigorous academic environment, combined with exposure to diverse perspectives, equipped him with a strong analytical mindset and technical skills. This foundation laid

Agam's innovative approach and dedication to excellence set him apart from peers and competitors.

Bridging the gap in digital technology and marketing education, he focuses not just on imparting knowledge but also on enabling practical skills, understanding the evolving digital landscape, and setting a new standard in the industry.

the groundwork for his innovative approach to business challenges and thought leadership.

Ed-Tech Transformation: Agam's article, "How Indian EdTech Forgot Its ABCs," highlights the imminent transformation of the edtech sector. He foresaw challenges rooted in the trust-based nature of education, emphasizing the need for empathy, open dialogue, and involvement of all stakeholders in decision-making. Agam's decadelong experience in teaching and training led him to recognize the need for digital technology and marketing education. His commitment to empowering job seekers and decision-makers with essential skills emphasizes the importance of integrating digital literacy into educational and professional development frameworks.

Agam's innovative approach and dedication to excellence set him apart from peers and competitors. Bridging the gap in digital technology and marketing education, he focuses not just on imparting knowledge but also on enabling practical skills, understanding the evolving digital landscape, and setting a new standard in the industry.

Agam Chaudhary's journey: The most remarkable aspect of Agam's journey is his ability to blend educational expertise with practical business acumen, evident in the development of Beetle. His forwardthinking strategy strikes a balance between educational requirements and market demands, setting a new standard and transforming the technology and marketing industry. Agam Chaudhary's journey continues to inspire, showcasing the transformative power of innovation, education, and leadership in shaping the future of business.

15th JANUARY 2024 11

Startup Stories

from

Classrooms to Boardrooms 12 15th JANUARY 2024

How Globus Infocom Redefined Educational Solutions

Rahul Mehra Meet Kiran Dham, the CEO of Globus Infocom Limited, driving success in Marketing, Business Development, and Human Resources.

With a background in education and a Master's in Business Administration, Kiran is a visionary leader shaping the company's trajectory. Her expertise in talent acquisition and commitment to women's empowerment underscore her dynamic approach.

Inspiration and Mission: Ms. Dham expressed a deep-seated commitment to revolutionizing education in India by prioritizing digitalization. The company believes in the transformative power of technology to build better futures and enriching experiences for both organizations and users. The core inspiration lies in addressing the digital divide, particularly in remote areas, by creating a platform that enhances accessibility and educational excellence for the marginalized sections of society.

Product and Service Range: Globus Infocom has positioned itself as a leading Edtech brand, offering a comprehensive suite of customizable solutions. Initially focused on educational technology, the company has expanded its portfolio to include Collaborative Conferencing & Professional Displays, Security and Surveillance solutions, and a complete range of Institutional Furniture. This diversification reflects the company's commitment to creating a technologydriven ecosystem that caters to various facets of learning.

Journey and Challenges: Reflecting on the journey, Ms. Dham highlighted the insightful learning experience and the challenges faced.

Overcoming obstacles such as slow change and adaptability, infrastructural

Ms. Dham expressed a deep-seated commitment to revolutionizing education in India by prioritizing digitalization. The company believes in the transformative power of technology to build better futures and enriching experiences for both organizations and users.

The core inspiration lies in addressing the digital divide, particularly in remote areas, by creating a platform that enhances accessibility and educational excellence for the marginalized sections of society. challenges, and a lack of awareness, the company invested in developing a process-oriented workplace culture and effective policies. One notable challenge was the initial lack of widespread technology adoption, leading Globus Infocom to focus on user-friendly solutions and prioritize training for educators.

Differentiation in the Edtech Landscape: Globus Infocom stands out as the first company to offer a single touchpoint suite of customizable Edtech solutions, encompassing both hardware and software. By providing a complete, allinclusive service under one roof, the company eliminates the inconvenience for customers of navigating multiple providers. The brand's strong sales and service presence, along with quick and effective project execution, has resulted in a significant repeat order ratio, solidifying its position in the Edtech sector.

Future Vision: Looking ahead, Globus Infocom envisions growth in distribution, sales, and service presence. The company aims to consolidate its customer base, expand its network of sales and channel partners, and invest in branding and marketing initiatives. With plans to set up online and traditional classroom instruction studios, Globus Infocom is poised to meet the evolving market needs. Additionally, the company is gearing up to enter the B2C market by offering consumer-focused products, further broadening its appeal.

15th JANUARY 2024 13

Womentrepreneur

Savitri

Jindal the 'Steel

Woman of India' Ansh Singh Do you have an understanding of feminism?

I'm not referring to the contemporary version promoted by today's elite women, centered around issues like the 'right to wear' and the 'right to victimization.' Instead, I'm referring to the feminism that was initially championed by formidable women warriors-leaders who propelled nations to new heights and exemplified extraordinary courage.

Fast forward to 2024, and while they may be fewer in number, there are still women who serve as exemplary figures, inspiring others to reach unprecedented success. One such remarkable woman is Savitri Jindal. As India's wealthiest woman, often hailed as the "Steel Woman of India," she has etched her name in history by steering her company to new heights, showcasing the true essence of women empowerment.

Savitri Jindal is a wonderful example of being a woman in a self-proclaimed man's business world.

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From Housewife to Business woman Savitri Jindal was more of a homemaker. She had once famously said that “the women in their family take care of the household and do not take part in the business side of things.”She had said, “We remain in charge of the house while the men take care of everything outside.”

However, destiny had other plans for her.

Following the tragic demise of Mr. O.P. Jindal in a helicopter crash in 2005, Savitri transitioned from being a housewife to venturing into the realms of politics and business.

In the aftermath, the family's conglomerate saw her four sons inheriting equal ownership of the businesses, which they currently

Early career:

Savitri Devi Jindal, born on March 20, 1950, grew up in Tinsukia town in upper Assam and received her schooling in her native region.

Despite not attending college, she obtained her diploma degree from Assam University.

Following the passing of Vidya Devi, O.P.'s first wife and Savitri's sister, Savitri Jindal, at the age of 15, was married to entrepreneur Om Prakash Jindal, who was 20 years senior to her.

O.P. Jindal, the founder of the Jindal Group, a prominent steel and power conglomerate, had six children from his previous marriage, the eldest being around the same age as Savitri. The union of O.P. and Savitri resulted in three biological children.

O.P. Jindal served as a minister in the Haryana Government and represented the Hisar constituency in the Haryana Vidhan Sabha.

independently manage. Together, they played a pivotal role in strategic decisions such as listing JSW Energy on the National Stock Exchange of India and expanding globally through acquisitions of coal mines in Mozambique and iron ore mines in Chile.

Sajjan Jindal, based in Mumbai, oversees key assets, including JSW Steel, making him responsible for the group's most valuable holdings.

Meanwhile, Jindal's younger son, Naveen, manages Jindal Steel & Power from Delhi. This transition marked Savitri Jindal's evolution from a traditional household role to a prominent figure in both politics and business.

The rise and rise of Jindal Group The ascent of the Jindal Group has been a remarkable journey, tracing its origins to the visionary Om Prakash Jindal, born to a farmer in Haryana's Nalwa village on August 7, 1930.

Initiated into the business world at 22, he laid the foundation with a modest bucket-manufacturing unit in Hisar, followed by the establishment of Jindal India Limited, a pipe-production unit, in 1964. The pivotal moment came five years later when the first major factory was set up in Calcutta, marking the inception of the group's illustrious history.

Among the prominent entities under the Jindal umbrella are Jindal Saw Limited, JSW Steel, Jindal Stainless Steel Limited, and Jindal Steel and Power

Limited.

Following the sudden demise of Om Prakash Jindal, his wife Savitri assumed leadership of the steel and power conglomerate. In the last three years alone, Savitri Jindal's and family net worth has soared by $23.3 billion, reaching an impressive $28.1 billion.

As India's wealthiest woman, she stands as the sole female representative in Forbes' 2023 list of the country's top 10 richest individuals.

Savitri Jindal's net worth witnessed a remarkable surge, catapulting from $4.8 billion in 2020 to an impressive $28.4 billion in 2024. Similar to several other billionaires, she experienced substantial growth in her fortune during the initial months of 2021.

15th JANUARY 2024 15

JSW Steel plant, Vijayanagar

What makes her unstopable?

In the fiscal year 2023, Savitri Jindal, the esteemed Chairperson Emeritus of the OP Jindal Group, marked herself as a prominent figure.

The OP Jindal Group, under Jindal's leadership, has been a key player in various sectors, including steel, power, energy, and infrastructure, overseeing prominent companies like JSW Steel, Jindal Steel & Power, JSW Energy, Jindal Saw, and Jindal Stainless, as well as the investment firm JSW Holdings. A pivotal moment for the conglomerate in 2023 was the successful public listing of JSW Infrastructure, a venture in which the OP Jindal Group holds a significant 83% stake. This October 2023 event played a crucial role in the impressive increase in Jindal's personal wealth. Looking ahead, the group is also exploring opportunities to list JSW Cement.

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Several factors have contributed to Savitri Jindal's success  Her unwavering work ethic and commitment, characterized by long hours and persistent effort to achieve her goals.  Business acumen, as Jindal possesses a profound understanding of the industries in which she operates and makes sound business decisions, unafraid to take calculated risks.  Charismatic and inspiring leadership, as she motivates her employees and fosters strong relationships with customers.

 Jindal stands as one of India's most successful and influential women, serving as a role model for women entrepreneurs and business leaders globally. Her success reflects her determination, resilience, and business acumen.  Jindal's legacy will be marked by her contributions to the Indian economy and her dedication to social responsibility, evident in her philanthropic endeavors, where she has generously donated millions of dollars to various charitable causes.

As a charismatic and inspiring leader, she has not only managed a diverse portfolio of businesses but has also demonstrated a strong sense of social responsibility through philanthropic efforts, contributing to various charitable causes. Beyond her financial achievements, Savitri Jindal's legacy is marked by her contributions to the Indian economy. In a world where gender equality remains a crucial goal, Savitri Jindal stands as a living example of how women can lead and excel in traditionally male-dominated sectors.

15th JANUARY 2024 17

Startup Stories

How KAI India's marketing head

transformed challenges into business growth Vishal Jasani

A marketing leader with over 20 years of experience crafting multifunctional brand marketing strategies.

Known for his action-oriented approach and strategic thinking, Hitesh has successfully led marketing teams at top companies in various industries. His expertise spans consumer durables, healthcare, retail, and more.

A visionary in refining brand messages and implementing effective marketing campaigns, Hitesh has a proven track record of creating value for stakeholders and bringing delight to consumers.

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The Rise to Leadership: The journey begins with a passion for tactical and resultdriven strategies. Inspired by the dynamic nature of marketing, our protagonist transitioned into their current role through dynamic leadership, compelling brand strategies, and a track record of success in leading teams at top companies. Notable milestones include the launch of iconic brands like Stabilo, MWV, UHU, Rapid, and the revitalization of categories at Revlon.

The "Choice is Yours": A pivotal moment in their career came with KAI India's first digital campaign, "Choice is Yours," featuring the popular Yami Gautam. This strategic and challenging initiative aimed to establish a robust digital presence. With a dynamic team and a data-driven approach, the campaign not only captured the target audience's attention but also led to an overwhelming response, setting a new trajectory for business and brand growth.

Staying Ahead: Staying informed about industry trends is a cornerstone of their success. The Head of Marketing at KAI India adopts a multifaceted approach, from market research and networking events to continuous learning from publications and thought leaders. This proactive stance ensures the seamless incorporation of the latest trends into marketing strategies, keeping KAI India at the forefront of innovation.

Building and Growing Brands: For our protagonist, the excitement lies in the dynamic journey of transforming a concept into a thriving brand. Whether launching new brands or revitalizing existing ones, the joy comes from developing strategies that resonate with the target audience, fostering consumer loyalty, and making a lasting impact on the market.

Working with global brands has broadened their perspective, emphasizing the need for adaptive strategies tailored to diverse markets.

Cultural awareness, comprehensive market research, and staying agile to respond to evolving trends are crucial lessons learned from this experience, shaping a more flexible and innovative approach to marketing.

Described as a "joyful personality," the Head of Marketing at KAI India brings positivity and enthusiasm to

The journey begins with a passion for tactical and result-driven strategies.

Inspired by the dynamic nature of marketing, our protagonist transitioned into their current role through dynamic leadership, compelling brand strategies, and a track record of success in leading teams at top companies. the team through a collaborative leadership style. By fostering an open and supportive work culture, celebrating achievements, and actively engaging with the team, they create a dynamic and motivating environment that inspires success.

Looking ahead, the visionary leader sets ambitious goals for the future of marketing at KAI India.

Driving innovation, ensuring market relevance, and positioning KAI India as a trendsetter in the industry are top priorities. The focus extends to fostering a culture of continuous learning and adaptability, with the ultimate aim of driving sustained growth, creating value for stakeholders, and delivering lasting consumer delight.

A Journey Defined: Marketing Excellence at KAI India As we conclude our conversation, it's evident that the Head of Marketing at KAI India embodies the spirit of marketing excellence.

Their journey, marked by adaptability, innovation, and a commitment to positive impact, sets the stage for KAI India's continued success in the ever-evolving landscape of marketing. We look forward to witnessing the brand's ascent to new heights under this visionary leader's guidance.

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Startup stories

Revolutionizing Creator

A deep dive into Animeta and its creator tech platform Rahul Mehra With its ground-breaking Creator Tech platform, Animeta headed by Devdatta Potnis has become a leader in the ever-changing world of digital content creation. The CEO of Animeta, Devdatta Potnis, offers insights into the company's goals, special offers, and the direction of digital artist empowerment in this exclusive interview.

Animeta and its creator tech platform: Animeta positions itself as a catalyst for digital creators, offering a diverse array of services to nurture their growth. Services encompass financial investment, data analytics, business intelligence, content strategy, creative supervision, brand development, PR, and social media expertise. The proprietary Animeta AI-based Creator Tech platform serves as the backbone, leveraging advanced AI to provide creators with a comprehensive suite of features.

What Sets Animeta Apart: 20 15th JANUARY 2024

Devdatta Potnis emphasizes Animeta's unique position at the intersection of creators, brands, technology, and content. The company's expertise in content creation, distribution, and media domains sets it apart, ensuring benefits flow back to creators. The integration of technology forms a crucial component, allowing Animeta to build a robust infrastructure that seamlessly connects creators, brands, and content.

Growing Digital Communities: Animeta's approach to community growth involves a blend of technical optimization and captivating storytelling.

Devdatta Potnis highlights the importance of active listening, responsiveness to audience feedback, and a proactive approach to content creation. By guiding creators in adhering to platform and category best practices, Animeta empowers them to build authentic and engaged communities.

Unlike a one-size-fits-all approach, Animeta tailors its brand solutions to meet the unique identity, category, and genre of individual creators. The emphasis is on maintaining authenticity and establishing deeper connections with audiences, recognizing that today's creators are followed in a highly personal manner.

Enhancing Capabilities through AI:

Animeta's proprietary AIbased technology, including BRANDSTAR and ANI, enhances creators' capabilities.

BRANDSTAR, the AI-enabled influencer marketing platform, ensures high ROI through advanced data-driven techniques. ANI, the AI creator buddy, provides valuable recommendations, trending content insights, and channel growth strategies.

Driven by data, Animeta provides creators with detailed analytics and data insights to optimize their content. Factors such as optimal upload times, content frequency, and audience engagement patterns are analyzed to guide creators in crafting content that resonates with their audience at a granular level.

Future roadmaps: Devdatta Potnis shares Animeta's future plans, highlighting the launch of Brandstar and the upcoming venture, Ani. Brandstar aims to revolutionize branded entertainment and influencer marketing through transparency. Ani, set to target the Indian market initially, plans to

expand globally, scaling initiatives and setting new standards in the industry. Animeta stands as a forward-thinking force in the digital creator space, with a commitment to empowering creators through technology, data-driven insights, and tailored solutions. As Brandstar and Ani make their mark, the future looks promising for Animeta's global impact on the world of digital content creation. With its ground-breaking Creator Tech platform, Animeta headed by Devdatta Potnis has become a leader in the ever-changing world of digital content production.

15th JANUARY 2024 21

Startup Stories

How China is winning the AI race?

22 15th JANUARY 2024

Ansh Singh China has strategically positioned itself as a powerhouse in the electric vehicle (EV) sector through extensive economic planning and robust government support. The nation's focus on EVs has led to remarkable growth, with over a quarter of car sales in 2023 being EVs and hybrids, showcasing a 94 percent increase from the previous year.

China also stands out as a major manufacturer of LFP (lithium iron phosphate) batteries, a key component powering numerous electric vehicles (EVs).

China's Strategic Shift to EVs: In the early 2000s, recognizing

the challenge of competing in internal-combustion engines against European counterparts, China shifted its focus to EVs. The government played a pivotal role by providing subsidies, tax breaks, and public transportation contracts to EV manufacturers.

This strategic shift enabled China to develop advanced technologies and maintain a competitive edge.

China's commitment to EVs is evident in its infrastructure development, boasting over 5.8 million charging stations across the country. This infrastructure not only supports domestic EV sales but also contributes to China's potential dominance in the global market.

Contributing to China's EV Dominance

1 2 3 4 5

Subsidies and Tax Breaks:  China implemented substantial subsidies and tax breaks for the EV industry, creating a competitive advantage over traditional internal-combustion engines.  The support extended to EV makers through public transportation contracts further fueled industry growth.

Strategic Focus on EV Technology:  Recognizing the challenges in competing with European car makers in internalcombustion engines, China shifted its focus to EVs, investing in technology development to stay ahead of global competitors.

Infrastructure Investment:  China's commitment to building a robust charging infrastructure with over 5.8 million charging stations facilitated widespread EV adoption.

Supply Chain Dominance:  China's control over the EV battery supply chain, with major battery companies holding more than half of the global market, contributed to cost advantages.  Dominance in labor, manufacturing infrastructure, and mining of critical materials further strengthened China's position.

Global Competitiveness:  Chinese EVs were not only more affordable than their European counterparts but also featured technical innovations, making them competitive in foreign markets.

Supply Chain Dominance China's control over the EV battery supply chain, with two major companies commanding over half of the global market, gives it a significant advantage.

This dominance extends to labor, manufacturing infrastructure, and critical material mining, allowing China to produce batteries more affordably than competitors.

China's proactive approach has led to a surge in EV adoption, with a diverse range of nearly 155 electric car models predicted to be on the market in the coming year.

The country's vast array of EV options, from the affordable Wuling Hongguang Mini EV to the premium NIO ET7 sedan, showcases its technological prowess.

Challenges and Future Outlook:

Despite its success, China's EV sector faces challenges, including the phasing out of direct subsidies in 2022. Additionally, for EVs to penetrate beyond major cities, strong government support and further expansion of the public charging network are essential.

How Can India Catch Up? India, with the world's largest twowheeler market, holds a unique position for EV adoption. Initiatives like FAME II, launched in 2019, aim to promote electric vehicles and create a sustainable transportation ecosystem.

India's FAME II initiative offers incentives to manufacturers and buyers, focusing on e-buses, e-three-wheelers, e-four-wheelers, and e-two-wheelers. However, limitations on subsidies for EVs with a range under 80km pose challenges for small-scale manufacturers.

While subsidies are a positive step, the focus needs to shift

to infrastructure development, addressing public concerns about the lack of charging stations.

Learning from China, the Indian government must prioritize building charging stations and actively engage in infrastructure development.To boost EV manufacturing, India can follow China's example by prioritizing EV manufacturers in public transport contracts. Additionally, forging partnerships with global EV players can bring advanced technology and manufacturing expertise to the country, accelerating progress 15th JANUARY 2024 23

Startup Stories

Passionate Leader of Sainath Developers

Pratik Kataria's Path to Success Rahul Mehra

three decades and 1500 families finding homes through their projects, Meet Pratik Kataria, the visionary Sainath Developers is synonymous Director of Sainath Developers, a real with quality and trust. Mr. Kataria, estate powerhouse with over 30 years along with his brother, Kunal Kataria, of history. As a committee member ofis committed to preserving this legacy NAREDCO Maharashtra, Pratik has while infusing innovation into their not only excelled in real estate but also projects. diversified into angel investing and Balancing Tradition and Innovation: successfully managing The Laughter Managing the delicate balance Chapter Café in Mumbai. between tradition and innovation is a Journey in Real Estate: A Legacy of core aspect of Mr. Kataria's leadership Trust and Innovation: at Sainath Developers. Upholding Mr. Kataria's journey in real estate the meticulous planning and quality began with the establishment of symbolized by the past, he introduces Sainath Developers by his father in new ideas to meet evolving needs. This 1986. With a legacy spanning over dual commitment ensures that Sainath 24 15th JANUARY 2024

Developers thrives by marrying the richness of tradition with the dynamism of innovation in shaping homes and positively impacting families.

Contributing to the Real Estate Development Landscape: As a committee member of NAREDCO Maharashtra, Mr. Kataria actively contributes to shaping a progressive real estate development environment. NAREDCO plays a crucial role in streamlining regulations and advocating policies for industry support. Mr. Kataria's involvement aims to foster partnerships between the government and private stakeholders, driving innovation for sustainable and

Mr. Kataria served in various capacities, including President of NextGen Committee, Secretary, and PresidentElect at NextGen, NAREDCO Maharashtra.

NextGen was formed to provide a platform for real estate entrepreneurs to unite, collaborate, and pursue shared goals.

Mr. Kataria's leadership focuses on enhancing skills, sharing knowledge, and collectively improving the members of NextGen.

affordable housing in Maharashtra.

Leadership in NextGen, NAREDCO Maharashtra: Mr. Kataria served in various capacities, including President of NextGen Committee, Secretary, and President-Elect at NextGen, NAREDCO Maharashtra. NextGen was formed to provide a platform for real estate entrepreneurs to unite, collaborate, and pursue shared goals.

Mr. Kataria's leadership focuses on enhancing skills, sharing knowledge, and collectively improving the members of NextGen. Beyond real estate, Mr. Kataria is an Angel Investor, identifying promising

startups and contributing to their growth. Additionally, his venture into the hospitality sector includes being a partner at The Laughter Chapter Café.

This vegetarian café aims to offer a range of global cuisines with an Indian twist.

Academic Achievements Shaping Entrepreneurial Approach: Mr. Kataria's academic achievements, including a double master's degree, have played a crucial role in shaping his entrepreneurial approach. His multidisciplinary education provided a holistic understanding of business dynamics, fostering adaptability and continuous learning.

Advocacy for Girl Child Education:

Passionate about contributing to society, Mr. Kataria advocates for 'Girl Child Education.' Inspired by the success of women in his family, he recognizes the transformative power of education in empowering young girls and aims to fully educate at least 10 girls within a 10-year plan. cstatic Circles: Facilitating Collaborative Investment Discussions: The concept of Ecstatic Circles originated from Mr. Kataria's need for reliable information and a network to discuss future investment concepts, particularly in cryptocurrencies.

This platform allows individuals to introduce and brainstorm investment ideas collaboratively.

Advice for Young Entrepreneurs: Based on his experiences, Mr. Kataria advises young entrepreneurs to prioritize strategic planning, continuous learning, and adaptability.

Lifelong learning, staying informed on industry trends, and recognizing the sustained appeal of real estate as a lucrative investment are essential for success. In conclusion, Mr. Pratik Kataria's journey exemplifies a harmonious blend of tradition and innovation, commitment to societal contributions, and a multifaceted approach to leadership across various sectors. His vision for the future reflects a strategic and purposedriven commitment to the growth and impact of Sainath Developers and beyond.

Future Plans and Aspirations: Looking ahead, Mr. Kataria envisions strategic growth for Sainath Developers, with a focus on redevelopment and greenfield projects in prime locations. His diverse ventures, including angel investing and hospitality, reflect a commitment to innovation and success in each sector.

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Startup Story

SILA's decade of distinction

A Conversation with

Sahil Vora 26 15th JANUARY 2024

Vishal Jasani SILA has emerged as a stalwart in the real estate and facility sector, with over 150 million sq. ft. of assets in the last ten years. Sahil Vora, the visionary leader behind SILA, shares insights into the company's unique journey, emphasizing the human elements that have fueled its growth and success.

Pioneering a New Perspective: Sahil Vora attributes SILA's success to its ability to challenge norms and pioneer a fresh perspective in an industry deeply rooted in tradition. Coming from a non-real estate background allowed SILA to approach challenges with innovation and creativity, setting the stage for a decade of steady growth.

People-Centric Innovation: At the heart of SILA's success lies a commitment to peoplecentric innovation. Building robust teams composed of diverse and young individuals has been key to fostering a culture of creativity and resilience. SILA prioritizes employee growth and customer satisfaction, recognizing that technology and innovation are most impactful when rooted in a people-first approach.

Diversification into Real Estate: SILA's foray into real estate development in the Mumbai Metropolitan Region (MMR) was a strategic move inspired by a deep understanding of market dynamics.

Leveraging their execution and risk management expertise, SILA entered the real estate sector with a focus on MMR, marking a significant diversification that has enriched the company's portfolio.

Investments that Validate and Propel: The strategic investments from Norwest Venture Partners and

SILA's success is not just measured in numbers but in the deep relationships cultivated with a diverse client base. Whether dealing with corporations, Real Estate funds, Landowners, or Developers, SILA's core principle is to nurture profound relationships.

Samara Capital Group not only provided financial support but also validated SILA's dedication and efforts. These partnerships have proven instrumental in propelling SILA into its next phase of growth, offering not just capital but invaluable experience in navigating the complexities of a growing business.

Cultivating Enduring Relationships: SILA's success is not just measured in numbers but in the deep relationships cultivated with a diverse client base.

Whether dealing with corporations, Real Estate funds, Landowners, or Developers, SILA's core principle

is to nurture profound relationships.

This commitment to building and sustaining connections has become integral to SILA's identity, fostering a sense of trust and collaboration with stakeholders across the industry.

As SILA celebrates a decade of distinction, Sahil Vora's leadership philosophy shines through a philosophy rooted in challenging norms, fostering innovation, and prioritizing meaningful relationships. In a world driven by technology and trends, SILA's story is a testament to the enduring power of human-centric values in shaping a company's legacy.

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Startup Stories

Unleashing digital mastery

The journey of Mr. Shiva Bhavani and Wing Communications Rahul Mehra With his company, Wing Communications, Mr. Shiva Bhavani is leading the way as a visionary entrepreneur in the fast-paced world of digital marketing, where creativity and innovation are everything.

Since its founding in 2017, Wing Communications has rapidly established itself as a leading innovative and personalized digital marketing solutions provider. Let's explore Mr. Shiva Bhavani's inspiring journey and the impact Wing Communications has made in the public relations and communications industry.

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The inspiration behind Wing Communications Mr. Shiva Bhavani's journey began with a passion for creativity and innovation. His adventurous spirit and love for turning ideas into reality fueled the inception of Wing Communications. The vision was clear – to provide innovative marketing solutions across various sectors. Shiva embraced the challenges of entrepreneurship, viewing them as a constant rollercoaster ride of opportunities.

Educational Background: Armed with a B.Sc in Computer Science from CMR College of Engineering & Technology and an MBA in Business Management from Symbiosis Institute of Business Management, Shiva brought a blend of technical expertise and business

acumen to the table. His career in digital marketing spanned over seven years, including roles as a Marketing Executive at MovingDneedle and a Business Development Lead at ClicQA and Team Pumpkin.

Shiva's tenure as a Marketing Executive at MovingDneedle played a pivotal role in his career growth.

It equipped him with the skills to navigate the intricacies of digital marketing, including SEO, SEM, SMM, content marketing, and email marketing. This early experience laid the foundation for his future endeavors.

Within just one year of its establishment, Wing Communications managed to acquire over 40 domestic and foreign clients. The company's success can

be attributed to its team of experts, spanning various digital marketing fields. By providing tailored and innovative solutions, Wing Communications has set itself apart in the competitive digital marketing landscape.

Wing Communications' recognition in publications like Indian Television and Social Samosa significantly boosted the company's visibility and credibility.

It showcased Shiva's leadership style, entrepreneurial journey, and the company's unique approach. This recognition has attracted more clients seeking cutting-edge solutions.

Shiva's aspirations for Wing Communications revolve around providing the best growth solutions.

He focuses on inventing and

developing at the intersections of various digital marketing fields, offering fresh perspectives, and working closely with clients to understand their specific needs.

To stay ahead of the competition, Shiva emphasizes the use of the latest tools and technologies. Collaboration with industry professionals and seeking valuable insights play a crucial role in keeping Wing Communications at the forefront of providing technologically advanced services.

Shiva's entrepreneurial journey hasn't been without challenges.

From starting a business from scratch to building a team of experts and meeting evolving client expectations, each challenge was an opportunity for growth. His key lessons for aspiring entrepreneurs include resilience, adaptability, creativity, and a customer-centric approach.

Impact on Public Relations and Communications Industry: Wing Communications has significantly impacted the public relations and communications industry. Bridging the gap between businesses and their audience, the company's innovative and customized solutions have set new standards. Their approach of being both service providers and growth partners has garnered admiration.

Wing Communications approaches client and partner relationships with respect, trust, and empathy. Regular

communication, transparency, and collaboration contribute to strong and lasting connections. Celebrating successes and learning from failures are integral parts of their relationshipbuilding strategy.

Looking into the Future: Both personally and professionally, Shiva has evolved into a digital marketing visionary. From his early roles to founding Wing Communications, he has transformed challenges into opportunities. A team player and leader, Shiva embodies the spirit of continuous learning and innovation.

The future of Wing Communications looks bright under the leadership of Mr. Shiva Bhavani. With a commitment to creativity, innovation, and customer satisfaction, they are set to continue soaring to new heights in the ever-evolving digital marketing landscape. Mr. Shiva Bhavani's journey with Wing Communications is a testament to the power of passion, innovation, and resilience.

As the company continues to spread its wings, it leaves behind a trail of inspiration for aspiring entrepreneurs in the realm of digital marketing.

The path taken by Mr. Shiva Bhavani with Wing Communications is proof of the strength of perseverance, passion, and ingenuity.

For prospective business owners in the field of digital marketing, the company's continued growth provides motivation.

Mr. Shiva Bhavani's journey began with a passion for creativity and innovation. His adventurous spirit and love for turning ideas into reality fueled the inception of Wing Communications. The vision was clear – to provide innovative marketing solutions across various sectors. Shiva embraced the challenges of entrepreneurship, viewing them as a constant rollercoaster ride of opportunities.

15th JANUARY 2024 29

Startup Stories

HI Com

The future of Internet connectivity 30 15th JANUARY 2024

Vishal Jasani Vikas Sharma, Founder & Director of HCIN Networks Private Limited, is a seasoned business development and marketing leader. With a strong track record from organizations like FSL Software Technologies, Insight Innovative Solutions Pvt Ltd, and Future Soft, he founded HiComIndia (HCIN) to provide tailored ILL, broadband, and P2P connectivity solutions.

From Experience to Entrepreneurship: Vikas Sharma's journey towards entrepreneurship was shaped by his

Vikas Sharma's educational background, with a B.Tech in computer science and an MBA in marketing, contributes significantly to his role as the Founder and Director of HiCom Services. The combination of technical expertise and business acumen enables him to navigate the complexities of the internet service provider sector, fostering innovation, expansion, and superior service delivery.

commitment to excellence and a drive to exceed expectations. Having navigated challenging positions in marketing and business development, Vikas imbibed valuable skills and insights that laid the foundation for his entrepreneurial venture. His firm belief in the power of networking became the cornerstone of HiCom Services, a company dedicated to empowering individuals and businesses through cutting-edge internet services.

Vikas Sharma's tenure at organizations like FSL Software Technologies, Insight Innovative

Solutions Pvt Ltd, and Future Soft played a pivotal role in shaping his entrepreneurial path.

His deep understanding of the IT landscape, gained from these experiences, became a valuable asset in the technology-driven field of telecommunications.

The amalgamation of technical know-how, creative thinking, and leadership skills acquired during this time became instrumental in the success of HiCom Services.

Educational Background: Vikas Sharma's educational background, with a B.Tech in

computer science and an MBA in marketing, contributes significantly to his role as the Founder and Director of HiCom Services. The combination of technical expertise and business acumen enables him to navigate the complexities of the internet service provider sector, fostering innovation, expansion, and superior service delivery.

Bridging Connectivity Gaps: Motivated by the vision that reliable internet access is a basic human right in the 21st century, Vikas Sharma founded HiCom India under the umbrella of HiCom 15th JANUARY 2024 31

Startup Stories Services. The primary mission of the company is to provide state-ofthe-art internet solutions that address the diverse needs of communities, enterprises, and individuals.

Vikas envisions HiCom India as a catalyst for positive change in the telecommunications industry, with a focus on empowering youth and businesses of all sizes.

HiCom Services distinguishes itself through its unique offerings, including Internet Leased Line (ILL), broadband, and Point-to-Point (P2P) connectivity. The company's commitment to delivering stable and dependable ILL solutions tailored to the specific needs of businesses showcases its dedication to ensuring constant and secure access to the digital world. HiCom's broadband and P2P connectivity services further cater to the evolving needs of small enterprises and remote collaborations, positioning the company as a comprehensive internet service provider.

Strategic Business Development and Marketing: Vikas Sharma's approach to business development and marketing at HiCom Services involves a strategic blend of account management, business analysis, and a keen focus on emerging technologies. Leveraging a team of certified and trained consultants, salespeople, and service providers, Vikas aims to position HiCom Services as a leader in corporate internet connectivity. The company invests in digital marketing strategies to enhance its online presence, including online advertising, search engine optimization, and targeted social media marketing.

Tackling Modern-Day Business Challenges: To tackle the complexities of 32 15th JANUARY 2024

the modern business landscape, Vikas Sharma emphasizes datadriven decision-making and adaptive leadership.

Drawing from his experience in data-centric organizations, he guides HiCom Services with a proactive and agile approach, allowing the company to effectively respond to market changes and client demands.

Technological Expertise of the Team: The success of HiCom Services is attributed to the expertise of its team, which excels in network security solutions, fiber optic infrastructure deployment, and excellence in customer support. The team's commitment to staying at the forefront of innovation ensures that HiCom Services provides reliable and cutting-edge internet services to its clients.

Skills that Define Vikas Sharma: Vikas Sharma brings a diverse

set of skills to the table, including account management, business analysis, mergers and acquisitions, and process improvement. These skills collectively contribute to his role in steering HiCom Services towards continued success in the ever-evolving landscape of the internet service industry.

Looking into the Future: Vikas Sharma envisions transforming HiCom Networks Private Limited into the leading corporate internet connectivity platform. With a focus on continuous improvement, customer feedback, and expansion into new areas, the company aims to cater to a broad spectrum of corporate clients.

The goal for 2024 is to solidify its position in the market and engage in corporate social responsibility programs to contribute to community development.

Startup Stories

Bachhawat Brothers How Rohit and Ankit Bachhawat Drive Litmus

15th JANUARY 2024 33

Drawing from their experience with Source Right, a leading technology product aggregator founded in 2011, the Bachhawat brothers gained insights into consumer sentiments and identified gaps in the market. This background laid the foundation for Litmus, allowing them to enter the affordable consumer technology space with a focus on grooming products.

34 15th JANUARY 2024

Ansh Singh Litmus, founded by brothers Rohit and Ankit Bachhawat, stands out as innovation and commitment to quality, established in 2020 amidst the challenges of the pandemic; Litmus has rapidly evolved into a trusted brand in the lifestyle consumer electronics sector. In this exclusive Entrevista, we delve into the motivations, challenges, and strategies that have propelled Litmus to the forefront of the industry.

Venturing into Lifestyle Consumer Electronics: The journey began 12 years ago when Rohit and Ankit decided to elevate their existing 35-year business. The duo, driven by a passion for cuttingedge technology, initiated extensive research in 2020 to identify the ideal sector for their venture. The

grooming industry emerged as the perfect starting point, capitalizing on shifting consumer behavior during the pandemic. Litmus' flagship product, the Stubble Pro Corded and Cordless Waterproof Beard Trimmer, marked India's first digital display smart trimmer, setting the brand on a trajectory of success.

Drawing from their experience with Source Right, a leading technology product aggregator founded in 2011, the Bachhawat brothers gained insights into consumer sentiments and identified gaps in the market.

This background laid the foundation for Litmus, allowing them to enter the affordable consumer technology space with a focus on grooming products.

Litmus conducted meticulous research in 2020, capitalizing on the paradigm shift in consumer

Litmus offers an extensive range of grooming products for both men and women, including hair trimmers, beard trimmers, body groomers, hair straighteners, hair curlers, and household lifestyle products like garment steamers. The diverse product range, priced from INR 995 to INR 4490, reflects Litmus' commitment to inclusivity and accessibility. grooming behavior during lockdowns. Recognizing the need for technologically advanced grooming tools, the brand introduced products addressing genuine challenges within the grooming category. From 2 SKUs to a robust portfolio of 18 SKUs, Litmus has not only evolved but aims to sell 10,000 units in the coming quarter.

Litmus Mission in Consumer Technology: Litmus targets the affordable luxury space, aiming to provide technologically advanced products at affordable prices. Their mission revolves around delivering superior design and build quality, catering to the evolving needs of the Indian middle class. The commitment to customer-centric innovation consistently resonates with consumers, positioning Litmus as a leader in the industry.

Diverse Range of Technology-Assisted Grooming Products: Litmus offers an extensive range of grooming products for both men and women, including hair trimmers, beard trimmers, body groomers, hair straighteners, hair curlers, and household lifestyle products like garment steamers. The diverse product range, priced from INR 995 to INR 4490, reflects Litmus' commitment to inclusivity and accessibility.

Working with siblings can be both enjoyable and challenging. Rohit and Ankit have successfully navigated this dynamic by segregating their roles at work. While Rohit oversees product design and development,

shaping the overall brand strategy, Ankit leads sales and marketing, contributing to Litmus' growth.

Staying Ahead in Technology Trends: Litmus stays at the forefront of technology trends by understanding grassroots consumer needs and identifying unique product propositions. Design and build

quality are paramount, ensuring that each product resonates with customers. The commitment to being a market innovator reflects in Litmus' ambitious plans for the next five years, including diversifying product offerings, establishing offline presence, and actively developing new products.

15th JANUARY 2024 35

Why once FedEx bet their entire company in a casino

FedEx's founder rescued the company by risking its final $5,000 in a gamble, successfully turning it into $32,000 during the company's recession.

Ansh SIngh The Story

Frederick W. Smith's audacious gamble in Las Vegas marked a pivotal moment in the history of FedEx, illustrating the founder's determination and willingness to take unconventional risks to save his company.

In 1973, Federal Express was navigating turbulent financial waters, facing a dire situation exacerbated by skyrocketing fuel costs that plunged the company into a monthly loss of over $1 million.

At that critical juncture, traditional 36 15th JANUARY 2024

avenues for financial assistance had been exhausted. Smith, the visionary behind FedEx, sought additional funding from General Dynamics but was met with a resounding rejection.

The founder was left with a stark choice: watch his company succumbs to financial ruin or take a bold and unconventional step to turn the tide.

Gamble that saved the company: With a mere $5,000 remaining in company funds, an amount insufficient to cover the crucial fuel costs required to keep FedEx's planes operational, Smith made a daring decision that defied conventional business wisdom. Instead of succumbing to despair, he opted to risk the remaining funds at a blackjack table in Las Vegas, aiming to multiply the money and rescue FedEx from the brink of bankruptcy.

Smith's calculated gamble paid off spectacularly. By the following Monday, FedEx's bank account reflected a miraculous turnaround, boasting $32,000—precisely the amount needed to keep the planes fueled and operational.

The move was unconventional, and many were astounded by the audacity of the decision. When questioned about the gamble, Smith offered a pragmatic response, highlighting that without the funds for fuel, the planes would have remained grounded regardless.

"No business school graduate would recommend gambling as a financial strategy, but sometimes it pays to be a little crazy early in your career," Smith said.

Smith's calculated gamble paid off spectacularly. By the following Monday, FedEx's bank account reflected a miraculous turnaround, boasting $32,000—precisely the amount needed to keep the planes fueled and operational.

Becoming a Global Logistic leader

While the Las Vegas gamble provided a temporary reprieve, Smith recognized the need for a more sustainable solution to address the underlying financial challenges facing FedEx. The company required substantial capital to secure its future and continue operations on a more stable footing. In the days that followed, Smith leveraged the breathing room afforded by the successful gamble to secure a significant financial injection. He managed to secure $11 million in funding, a crucial lifeline that allowed FedEx to continue its operations and stave off the spectre of bankruptcy. This funding not only ensured the immediate survival of the company but also provided the necessary resources for FedEx to chart a course towards long-term success.

By 1976, just three years after the pivotal Las Vegas gamble, Federal Express achieved a significant milestone it turned a profit of $3.6 million.

The following years witnessed an impressive ascent, with the company's profits soaring to nearly $40 million within four years. The gross revenue approached half a billion dollars, firmly establishing FedEx as a major player in the global logistics industry.

Today, FedEx stands as a corporate giant, estimated to be worth nearly $65 billion. Frederick W. Smith's net worth reflects the success of his bold and unconventional move in Las Vegas, standing at approximately $5.53 billion. The founder's willingness to take calculated risks, even if unconventional, played a decisive role in rescuing FedEx from the verge of bankruptcy and contributing to its remarkable trajectory of success.

The Las Vegas gamble remains a legendary chapter in the records of corporate history as a demonstration of the courage and audacity of a single individual who stood by his company in the face of hardship.

15th JANUARY 2024 37

Mr Vittal Ramakrishna,

Founder and CEO, POD World

Anyone can devise a constructive idea but transforming that idea into a reality through creative execution is what defines a true business leader.

What follows a successful idea is securing the necessary funding to set it in motion. In the past, funding options for startups were limited, acting as a

How to make a perfect pitch for your next

investor's meeting? hurdle for many aspiring entrepreneurs.

However, with the advent of economic liberalization, there was a substantial shift in the economy from capitalintensive manufacturing to assetlight services. This shift encouraged numerous educated and experienced corporate professionals to venture into entrepreneurship. According to Statista, the Department for Promotion of Industry and Internal Trade (DPIIT) has formally recognized 92,683 startups as of February 2023.

While figures demonstrate a flourishing startup ecosystem, they also highlight the value of an atmosphere that supports creativity and aspiration. Startups can only prosper when they obtain financial assistance from parties committed to fostering innovation. According to 38 15th JANUARY 2024

a collaborative study conducted by IBM and Oxford, a staggering 90% of startups in India face failure within their initial five years. The primary cause behind this high failure rate is a lack of adequate financial resources and the inability to utilize secured funds effectively. For a business to secure ideal funding from investors, presenting a compelling argument sufficient to grab immediate attention matters a great deal.

Delivering an idea in a way that strikes an immediate positive response from investors comes from practice and experience, providing an upper hand to senior entrepreneurs.

According to a study by the Kauffman Foundation, those aged between 5564 have registered a higher rate of entrepreneurial activity and a greater

survival rate for their businesses compared to those aged 20-34.

Even though senior entrepreneurs enjoy an advantage due to their experience, the fresh ideas and perspectives of younger entrepreneurs allow them to infuse newness into their pitches, making them more compelling. Offering a vivid understanding of the concept, a well-built pitch can work wonders on investors, leaving them with an irresistible call to action. Careful planning, right resources, and impactful delivery are the tenets of a perfect pitch. Thus, when planning a pitch for your next investor meeting, make sure that you are armed with sufficient pain points, arguments, and solutions to create an outstanding first impression.

Key tips to ace your investor meetings  Know your audience: For your pitch to make an impact like no other, knowing your investors matters a great deal. Investors are passionate about business concepts and are constantly on the lookout for indicators that will determine whether or not a company is worthwhile to invest in. Knowing and understanding your investors before the meetings carries enormous significance for making a case that will persuade them. Even though you may believe that you have participated in numerous investor meetings and can make a convincing case for your product or service, tailoring your pitch to the opportunity, the social setting, and the investor's interests provides a personalized experience, leaving a significant impact.  Highlight the problem: A survey conducted by CB Insights revealed that 42% of businesses fail because they cannot meet a genuine market demand. For a business idea to secure funding and make it to the market, it should serve as an answer to unmet consumer needs.

A well-curated pitch emphasizes the persistent consumer problems and needs that demand fulfillment. When addressing a pain point it is important to simultaneously highlight how your innovative product or service will act as no less than a miracle cure, fulfilling unaddressed modernday consumer needs.

 Deliver a clear value proposition: A clear and concise value proposition can make or break your pitch. The USP of your pitch, it exhibits an outcome-oriented statement describing the value it will contribute to people's lives, the way it will fix the existing issue, alongside what unique benefits it will bring to the table. Consequently, this would assist your investors understand what sets your business

apart from the competitors and makes your product or service the ideal choice.  Incorporate digital resources: A perfect pitch supported by visual elements and specifics is bound to make a more compelling case.

A set of digital slides showcasing crucial ideas employing alluring elements, a pitch deck makes a valuable addition to your pitch, ensuring greater impact. Along with the pitch, a visual representation or actual demonstration of the product or service in question would offer investors better insights into its functioning, aiding them determine its possible success in the market.  Finish with a compelling CTA: The introduction and ending are two of the golden elements of your pitch that will determine whether your idea will make it to the market or not.

It is imperative to provide potential investors a sense of how you intend to use the funds and the expected level of profits. Even though your marketing and sales impulses would be oozing out of you, be careful not to appear overly demanding.

Instead, finish with an alluring and actionable statement that explains how investors can support your idea. Such a call to action will stay in investors' minds for a long time after you have finished, raising your chances of securing an ideal deal.

Make your next meeting a success!

The very essence of a successful pitch lies in careful planning and delivery. From an impactful introduction to a compelling call to action in the end, a wisely executed pitch will determine whether your business idea will elicit a favorable response from investors or not. Thus, when preparing for your next meeting, make sure you enter the room with a remarkable pitch that creates a convincing case for your product or service, persuading investors to bring your idea into fruition.

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Startup Stories

The Memories Event, founded by Keval Jasoliya in 2023, a year ago, has swiftly become a game-changer in the Event Management Industry. With an impressive eight years of experience in the industry, Keval shares his journey and sheds light on the innovative approaches that set his company apart.

The winning formula of “The Memories Event” 40 15th JANUARY 2024

Ansh Singh The Memories Event, founded by Keval Jasoliya in 2023, a year ago, has swiftly become a game-changer in the Event Management Industry.

With an impressive eight years of experience in the industry, Keval shares his journey and sheds light on the innovative approaches that set his company apart.

His passion for creating seamless and unforgettable experiences fueled the company's mission. But what set "The Memories Event" apart from the crowd was its commitment to transparency, a focus on quality over quantity, and a dedication to delivering exactly what was promised.

A Digital Approach: The company introduced an innovative approach to event management with its digital platform, "My Digi Event." Keval envisioned a world where events could be organized effortlessly through a simple application, providing clients with all the information they needed at their fingertips Specializing in various types of events, from festive celebrations like Kesariya Navratri to commercial endeavors such as corporate promotions and office establishments, "The Memories Event" had a diverse portfolio. Notable events like Kesariya Navratri showcased the company's prowess and creativity, leaving a trail of satisfied clients in its wake. The process of planning and executing an event was a meticulous journey. The planning team would craft a sample event, presenting it to clients for customization. Once the finer details were ironed out, the event would come to life with the agreement of both senior and junior teams.

Despite the success, the journey was not without its challenges. Limited

resources, from technological products to decorative items, often tested the team's creativity. Manpower shortages meant that, at times, the team had to roll up their sleeves and handle tasks personally. The company had its application, providing clients with a one-stop solution for all their event needs, from parking information to on-the-spot requirements. Within

just a year, the company achieved a remarkable financial milestone, crossing a revenue of 4.5 crores.

Looking to the future, the company aimed to continue its digital revolution in the event management scene, making an impact in Surat. Keval and his team were determined to script more success, creating memories that would last a lifetime.

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TOP

1

Tome Biosciences $213 million A biotech company based in Watertown, Massachusetts, has successfully raised $213 million in a combined Series A and B funding round. The funding includes support from investors such as Andreessen Horowitz Bio + Health and Arch Venture Partners.

Tome Biosciences specializes in "molecular surgery" technology, derived from Massachusetts Institute of Technology research.

This innovative approach allows the integration of genetic material into the genome without causing damage to DNA. The company aims to leverage this technology for the development of gene therapies targeting monogenic liver diseases and cell therapies for autoimmune conditions.

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2

Bicara Therapeutics $165 million A familiar name on funding lists, secured $165 million in a Series C round. Red Tree Venture Capital and RA Capital Management previously co-led a $108 million Series B in March. Now, Braidwell and TPG, through TPG Life Sciences Innovations and The Rise Fund, are co-leading the Series C. Bicara Therapeutics, founded in 2020, focuses on developing biologics for tumor treatment, with a current focus on clinical trials for a head and neck cancer therapy. The company has raised a total of $313 million to date.

3

True Anomaly: $100 million Based in Centennial, Colorado, raised $100 million in funding for its space technology solutions. The round was led by Riot Ventures, although the company's valuation remains undisclosed. True Anomaly specializes in hardware and software systems that enhance space security and readiness. The company aids government and commercial clients in monitoring threats to their space assets, such as satellites. True Anomaly's Jackal autonomous orbital vehicles, designed for object detection in space, are scheduled to launch aboard SpaceX's Transporter-10 mission next year. Established in 2022, the company has amassed $158 million in total funding.

4

Totus Medicines: $66 million Headquartered in Emeryville, California, completed a $66 million Series B financing round led by DCVC Bio. Specializing in small molecule drug discovery and development utilizing covalent libraries and AI tools, Totus Medicines was founded in 2020 and has raised a total of $106 million.

5

Essential AI: $57 million San Francisco-based Essential AI secured $57 million in funding for its artificial intelligence endeavors. March Capital led the funding round, which also included major contributions from Advanced Micro Devices, Google, and Nvidia. Essential AI focuses on automating monotonous corporate tasks using AI, branding its technology as the "Enterprise Brain." Despite being founded in the same year, the company has already raised over $100 million.

6

Deep Apple Therapeutics: $52 million Biotech firm, based in New York, raised $52 million in its first financing round, a Series A led by life sciences venture capital firm Apple Tree Partners.

Deep Apple is dedicated to developing novel small molecule therapeutics through AI-generated virtual libraries.

7

Calyxo: $50 million A medical device startup in Pleasanton, California, closed a $50 million Series D round led by Avidity Partners.

Established in 2016, Calyxo has raised more than $97 million.

8

Parse Biosciences: $50 million Located in Seattle, raised $50 million in a Series C funding round, consisting of both equity and debt. No specific lead investor was disclosed for the equity portion, while Horizon Technology Finance provided the debt facility. Parse Biosciences specializes in scalable single-cell sequencing solutions and has raised a total of $100 million since its founding in 2018.

9

Twin Health: $50 million Based in Mountain View, California, secured a $50 million funding round led by Temasek.

The company utilizes a digital twin of the human body to address or prevent chronic metabolic diseases. Established in 2018, Twin Health has raised nearly $250 million.

10

StayNtouch: $48 million Headquartered in New York, received a $48 million investment in its cloud hotel property management software. Sixth Street Growth led the funding round for StayNtouch, founded in 2012, which has raised over $60 million in total.

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News Snippets - DECEMBER 2023 Jatinder Singh’s journey with Being Exporter: From apprehensions to achievements

Jatinder Singh, a former agricultural consultant from New Delhi, underwent a significant professional transformation with Being Exporter, a leading export assistance platform founded by Bhagirath Goswami. Initially focused on the domestic market, Mr. Singh lacked the knowledge and confidence for international exports. Joining Being Exporter's orientation course proved to be a turning point, boosting his confidence. Within 20-25 days, he secured a substantial rice export order, followed by repeat orders and a significant order for 240 containers. Encouraged by this success, Mr. Singh is now venturing into joint ventures in the footwear and pharmaceutical industries, with orders already received for 7,000 pairs of footwear and advanced talks for pharmaceutical exports.

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Cotton Day highlights U.S. cotton’s value to the Indian Textile Industry

Cotton Council International (CCI) recently hosted its annual Cotton Day in Coimbatore, India, featuring a seminar that explored the evolution of the Indian cotton textile industry and its connection to U.S. cotton consumption. Peush Narang, CCI Representative, emphasized India's crucial role in global cotton consumption during the discussions. CCI Director of South Asia, Will Bettendorf, highlighted the pivotal role of U.S. cotton in India's dynamic textile industry, citing its high quality, innovation, responsible production, and technological advancements. The COTTON USA SOLUTIONS® program, showcasing five business-building offerings, was emphasized as an innovative initiative to enhance mill productivity, efficiency, and profitability through the use of U.S. cotton.

PM Modi became the first leader to have 20 million YouTube Subscriber

Prime Minister Narendra Modi’s YouTube channel achieved a significant milestone by surpassing 20 million subscriptions, distinguishing itself as the most subscribed channel among top global leaders. Notably, Narendra Modi is the sole world leader to attain this distinction, leading both international and Indian counterparts by a considerable margin. Comparatively, the global leader with the second-highest number of followers is former Brazilian President Jair Bolsanora, whose YouTube channel boasts 6.4 million subscribers, a fraction of the subscribers on Narendra Modi’s channel.

Coca-Cola has renewed its collaboration with the ICC for an additional 8 years The International Cricket Council (ICC) and Coca-Cola have recently unveiled an extensive eight-year global partnership covering ICC World events across all three formats.

This comprehensive agreement encompasses all men’s and women’s tournaments, including the ICC Cricket World Cups, ICC T20 World Cups, and ICC Champions Trophies, extending until the conclusion of 2031.

The primary objective of this extended collaboration is to enhance global cricket experiences and solidify Coca-Cola’s position as a longstanding partner of the ICC.

The Samsung Galaxy S24 Ultra is not expected to include a satellite feature Samsung is preparing for the upcoming launch of its Galaxy S24 series, putting an end to a year of speculations and leaks. The Samsung Galaxy Unpacked event is reportedly scheduled for mid-January, where three models are expected: the Samsung Galaxy S24, Galaxy S24 Plus, and Galaxy S24 Ultra.

Contrary to earlier leaks hinting at satellite connectivity for the Samsung Galaxy S24 Ultra, a recent report suggests that this feature is unlikely to be included, setting it apart from the iPhone 15 Pro Max. According to reports, the anticipated release of the Samsung Galaxy S24 Ultra is expected earlier than initially speculated, leading to the exclusion of satellite connectivity. Despite persistent rumors about this feature since the previous year, the Galaxy S23 Ultra did not incorporate it.

Although there was anticipation for its inclusion in the Galaxy S24 Ultra, the report suggests that the chances of this feature being added are minimal.

Redcliffe Labs ranked among the top 5 fastest growing tech companies Redcliffe Labs, a Pan India omnichannel diagnostics service provider, secures a coveted position in the esteemed Deloitte Technology Fast 50 India 2023, a testament to its rapid growth as a leading omnichannel diagnostics provider. This recognition reflects Redcliffe Labs’ dedication to making high-quality diagnostics accessible, affordable, and convenient nationwide for a Healthier Bharat.

Liminal welcomes TIAR to its client, enhancing sports fantasy experience Liminal, a leading provider of wallet and custody infrastructure solutions for trading applications, proudly announces its newest client, TIAR, a groundbreaking decentralized sports fantasy application. Liminal has established a reputation for solving the complex challenges of managing wallet and custody infrastructure for trading platforms with massive user deposits, large treasuries, and intricate transaction operations. This partnership marks a significant milestone in Liminal’s journey to expand its services beyond trading applications while upholding the highest standards of security, operational efficiency, and asset management.

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China will offer consular support to Vivo employees detained in India

REHAU wins most preferred brand of 2023-2024

Championing a legacy of innovation, REHAU stands at the forefront as a visionary provider of state-of-the-art systems and services. A resounding demonstration of its unwavering commitment to excellence, REHAU proudly announces its latest triumph, securing a coveted spot among the ‘Most Preferred Brands of 2023-24,’ recognized by the esteemed MarksmenDaily. This accolade underscores REHAU’s unwavering dedication to pioneering solutions and signifies its prominent role in shaping excellence across diverse sectors.

China has declared its commitment to offering consular protection and support for two Chinese employees of smartphone manufacturer Vivo who were arrested in India. The foreign ministry spokesperson, Mao Ning, urged authorities not to exhibit bias against Chinese companies and assured that the Chinese government strongly backs the protection of the legal rights and interests of Chinese companies.

Warner Bros to merge with Paramount global

Warner Bros and Paramount Global are in early talks about a potential merger, bringing together HBO and CNN with the studio responsible for Mission Impossible films and CBS News. The discussions, initiated by Warner's CEO David Zaslav, are in the early stages, characterized more as an expression of interest than a formal offer. Paramount's controlling stakeholder, Shari Redstone, is also exploring discussions with Skydance, the production company behind Top Gun: Maverick. This comes as major U.S. media companies, including Warner and Paramount, aim to enhance profitability amid intense competition in the streaming industry. Analysts predict industry consolidation among smaller firms competing against tech giants like Netflix, Apple, and Amazon.

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Adani dominates media landscape, acquires more than 50% stake in IANS media The Adani Group announced that its wholly-owned subsidiary, AMG Media Networks Limited (AMNL), has acquired a 50.50% stake in the news agency IANS India Private Limited. This majority stake includes both Equity Shares (Category I shares with voting rights) and Equity Shares (Category II shares without voting rights) of IANS. The acquisition was carried out in accordance with a Share Purchase Agreement dated December 15, 2023, as per the company’s exchange filing. The Board of IANS approved the transfer of shares related to the acquisition during its meeting on December 15, 2023. Consequently, IANS has now become a subsidiary of AMNL. In addition, AMNL has entered into a shareholders’ agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to document their respective rights concerning IANS.

Winston India unwraps the gift of grooming excellence with exclusive and limited edition Christmas boxes

Ugees raised undisclosed amount in its pre-seed round from EvolveX

D2C brand Ugees, an industry-leading innovator in undergarment care, raised its pre-seed round with an undisclosed amount from EvolveX, a global startup accelerator by We Founder Circle (WFC). Ugees emerged as a standout contender in EvolveX’s premier accelerator program, Cohort 4, which launched in August 2023. Captivating investor interest with its innovative advancements in intimate wear hygiene, Ugees successfully secured an undisclosed amount in the Pre-Seed round, with EvolveX leading the investment charge. Notable contributions also came from We Founder Circle (WFC), Vikas Aggarwal, and Amity Technology Incubator. This injection of capital will be strategically allocated to fortify Ugees’ customer acquisition efforts, streamline operations, and expand its product portfolio with the introduction of new SKUs.

Winston India, a leading and renowned purveyor of grooming excellence, announces the launch of two exclusive limited-edition Christmas Gift boxes for both men and women. The brand’s thoughtfully curated assortments seamlessly blend sophistication and practicality, redefining the art of gifting. The men’s gift box contains the Nut Groomer, which ensures precise trimming perfection, and the Callus Remover, a product that will transform your feet by eliminating rough spots. The box further contains a blackhead remover, a powerful tool that can smoothly extract impurities and a foot cream which offers a touch of pampering that revitalizes tired feet and adds a final flourish of elegance. This limited-edition men’s gift box will make this holiday season a celebration of grooming excellence. The exclusive women’s gift box has been crafted to elevate the self-care routine.

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