Editor’s Note
CHAMPION STARTUPS OF THE RACE TO THE SUCCESS
Intheslowlysettlingtimespost-pandemic,startup
entrepreneurshipisfastevolving.Infact,duringthe lasttwoyears,whenmanyestablishedbusinesseswere doomed,aboomingfleetofstartupshasgrownsoquickly thatthefuturelooksverybrightfortheindustries.
Inthe2022sfirstquarter,thefastestgrowingIndianstartups haveraisedover$8.4billion(a22%YOYgrowth),while withninety-sixunicorns(Startupswithabillion-dollaror th morevaluation),globally,Indiaranks4.Thatisan impressiveglobalmark.
Thesefastest-growingstartupsarefromvariousindustries. Industrieslikehealthcare,webandmobileapp development,utilitiescomparisonandsales,logistics, sustainablehomeappliances,agriculturesupplychain, photostudios,etc.
Thoughscatteredacrossvarioussectors,therearesome commonqualitiestheyandtheentrepreneurialspirits behindtheiremergenceshare.Thesequalitiesinclude passion,innovation,perseverance,resilience,astute
Abhishek Joshi Deputy Editor abhishek.joshi@insightssuccess.com
leadership,apeople-centricapproach,out-of-the-box thinking,anever-to-dieattitude,tech-savvy-ness, professionalinsights,asustainableoutlook,highestquality, ethics,andmorals.
Intheever-changingstreamoftime,challengeswillcome andgo,andupsanddownswillbetheconstantnorm, however,thosewiththemostformidablebusinessinstincts willsurviveandthriveamidsttheadversities.Asthese adversitieswilltesttheentrepreneurialminds,these businesschampionswilldevelopamindofsteelandnerves ofelectriccurrent.
Insuchasituation,theywillfurtherdeveloptheirskillsetto adaptseamlesslytotheevolvingcorporatenorms.This way,theywillbuildtheirenterprisestosolveoldandnew problemswithsomeuniqueandnovelsolutions.
Intheracetoinnovate,update,upgrade,adapt,andadopt moderntechnologiesandstrategies,theyaremovingahead withsuchaspeedthatnothinglooksimpossibleforthem.
Inanattempttogaugetheirtremendoussuccessinthe shortestspan,thislatestexclusiveeditiontitled‘India’s Fastest Growing Startups to Watch’ofInsightsSuccesshas broughtyoutheenthrallingstoriesofthefastestofthem. Twoofthemarefromtheeducationsector,andtwoare fromthetechnologicalindustry,withtherestfromdifferent strataofbusiness.
Alongwiththeirawe-inspiringstories,thereareincluded twotrendyarticlescraftedbyourin-houseeditorialteamto furtheryourenjoyment.
Hopintoexperiencetheadventureandthrillby readingon!
India’s First Anytime Anywhere School 08
AAS Vidyalaya
Taking the Fashion World by A Storm Insurance Samadhan A Trusted Insurance Redressing Tech-Forum 12 14 20 28
ARRCOAT Surface
Textures Pvt Ltd.
India’s homegrown Jewel to the World
Beyond Water
Your Honest go-to Drink, always!
Heart
Up My Sleeves
Editor-in-Chief Pooja M. Bansal
Deputy Editor Abhishek Joshi
Managing Editor Gaurav PR Wankhade
Art and Design Head Sandeep Tikode
Associate Designer Rashmi Singh
Sr. Vice President Megha Mishra
Sr. Sales Manager Tejaswini Whaval
Business Development Lead Neha Bhilare
Sr. Business Development Executive Kiran Pawar
Technical Head Prachi Mokashi
Technical Specialist Amar Sawant
Digital Marketing Manager Renuka Kulkarni
SME-SMO Executive Nikita Khadalkar
Circulation Manager Tanaji
MARCH, 2022
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Insights Success Media and Technology Pvt. Ltd. Off. No. 22 & 510, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017
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AASVidyalaya
ARRCOAT SurfaceTextures
India's Fastest GROWING to Watch
VikasKakwani, Founderand LeenaKakwani, Co-founder
SaranshAnand, HeadofCommunications
AASVidyalayaisIndia’sfirstonlineschoolaimingtomake everyIndianpassthetenthstandard.
ARRCOATSurfaceTexturesoffersareplacementtothemodern-day chemical-inducedandunsustainablesurfacedecorproductssuchas Paints,Tiles,Marble,andwallpapers.
BeyondWaterpromotesnaturalandtastyhydrationsolutions foreveryone. BeyondWater
GoodGood PiggyBank
HeartUpMySleeves
DevangSinghania, Founder ShachiSinghania, Co-Founder
PurvaAggarwal, Founder
RiyaKhattarand ChandniKhattar, Founders
DeepakBhuvneshwari
InsuranceSamadhan
MoonshineMeadery
PNTRobotics& AutomationSolutions
WattTechonovations PvtLtd
Uniyal, Co-founderandCEO
MrNitinVishwas, Co-founder
PratikTirodkar, CEOandFounder
NihaalSinghAdarsh, FounderandCEO
GoodGoodPiggydevelopsgoodbehaviouralhabitsinkidsand explainstothemtheconceptofmoney.
HeartUpMySleevesisahomegrownluxuryfashionlabelwhich curatestransformableclothing.
InsuranceSamadhanisadeveloperofagrievanceredressalplatform designedforallinsurancepolicyholderstofileacomplaint.
MoonshineMeaderyisAsiaandIndia'sfirstMeadery.Itis bringingbackMeads,theworld'soldestalcoholicbeverage.
PNTRobotics&AutomationSolutionscreatestechnicalproducts withautomationandroboticsforabetterlifeandabetterfuture.
WattTechnovationsdevelopesinnovativedevicestohelpprovide creativesolutionstodailylifeproblems.
Afterhealthcare,thePandemichaditssevereimpact ontheeducationindustrysomuchsothat,even today,theeducationalscenarioisindisarray.Those whocanaffordtogotoprivateschoolsareaffectedtosome extent.
However,whataboutthebillionsofotherchildrenwhorely onGovernmentschoolsfortheirminimumeducationofat leastpassingtenthgrade?
Manystudiesshowthatstudentdropoutsarethebiggest worryingconcernmadeseverebythecontinuityofthe pandemic.Insuchtimes,whenallhopeseemslost,AAS Vidyalayaissolvingtheproblemofavailabilityand accessibilityofgoodqualityeducation by bringing the school to those children who are not able to go to school
AASVidyalayacoversallcourses-mathematics,science, Hindi,English,socialscience,Sanskrit,computers,and Marathi-andfollowstheNCERTCBSEcurriculum,NIOS, UPBoard,MP,Bihar,Rajasthan,andMaharashtraBoard.
Theappandportaldigitallygiveawholeschoollearning experience,withregulartests,reportcards,teacher interactions,onlinelessonswithIndia'sfinestteachers,and parentconnections.
EstablishedbyVikasKakwaniandLeenaKakwani,the Founders,AASVidyalayaensuresthatstudentsdonot havetospendthousandsofrupeesonguidesortuitionsany longer.
LeenaisaPostgraduateinPsychology(child,abnormal, andclinical)andherstrengthsincludehavingsuperhuman observationpower.Sheisafitnessenthusiast,afantastic cookwhoalsolovestravelling,musicandZumba.She managestheoperationsoftheschoolontheground.
VikasgraduatedfromIIT(Roorkee)andIIM(Lucknow)and workedforover20yearsinCorporates.Heisaselfproclaimedmaverick,anavidreader,lovestravellingand watchingTVseries.Hehasalreadypublishedthreebooks himselfandoneco-authoredwithLeena.HeistheCEO.
Alongwith AAS Vidyalaya – The Anytime Anywhere School,theyareproudparentsofafineyoungman.They liveinMumbai,India.
InaninterviewwithInsightsSuccessforitsedition‘India's FastestGrowingStart-upstoWatch’,theyspeakabouttheir uniquemissionandthislegendaryvision.
PleasebriefouraudienceaboutAASVidyalaya,its USPs,andhowitiscurrentlypositionedasaleading playerintheindustryitiscateringto.
AASVidyalayaisIndia’sfirstonlineschoolaimingtomake everyIndianpassthetenthstandard.Weprovidequality educationtothestudentswhodonothavethefacilityor resourcestoacquiretheknowledgetheydeserve.
WefocusontherealBharat,whointendtostudyandlearn butnotthemeanstodoso.Withalltheed-techsfocussing ontherich,weareconcentratingonthesectionofthe
Vikas Kakwani Founder
Our curriculum is apt for kids who are not enrolled in any school and can s ll pass the tenth standard via NIOS (open schooling)
Leena Kakwani Founder
countrythatcomprisesmostofthechildren’spopulation andthecountry’sfuture.
OurUSPs:
•WecatertotheStateBoardsandCBSE.Our curriculumisaptforkidswhoarenotenrolledinany schoolandcanstillpassthetenthstandardviaNIOS (openschooling),
•WiththesmartphoneavailabilityinIndiaonaboom, weprovideeducationviaourappaswellasourweb portal,
•OurcurriculumisavailableinHindi,Hinglish, EnglishaswellasMarathiforMaharashtraBoard,
•Alongwiththestudymaterial,weprovideacomplete classroomsettingsuchasteachersfordoubtclearing, regularmarkingofattendance,assigningmentorsat oureducationcafestoguidethestudents,generating reportcardsforthestudentstotracktheiracademic growthandwealsoofferanoptionforPTAmeeting,
• Weofferthesubscriptionforayearforaslowas ₹200/monthperchild,makingit the most affordable educational aid in the country
• Whatotherproducts/solutionsdoesAASVidyalaya offer,andhowarethesemakinganimpact?
Wehaveaveryholisticlearningapproachforthestudents, andthatiswhybesidesthestudyingmaterial,wealso provideextracurricularactivitiestoourstudents.Theycan takeabreakfromstudies(partofourprogram)andenjoy shorteducationalvideosorwatchstoriesonourplatformto refreshtheirminds.
Themostcomprehensivesolutionthatweareoffering besidesaffordableeducationishelpingthestudentshavea betterfuture.Withalmost70%ofstudentsdroppingoutof schoolafterthefifthgrade,theirprospectswithregardsto jobsareverylow.
Butwithbeingatleasttenthgrade,theycanthemselves decidewhattheywanttodonext.Eitherpursuefurther educationorlookforadecentjobtosupporttheirfamily.
Beinganexperiencedleader,shareyouropiniononthe impacttheadoptionofmoderntechnologiessuchasAI, bigdataandmachinelearninghadontheindustryyou arecateringtoandwhatmorecouldbeexpectedinthe future?
AIandMLarethebiggestcomponentsforanycountryto developintoday’sworld.Everythingfrommedicinesto educationtofoodtofashionhasimbibedAIandMLintheir businesses.
Whenitcomestoeducation,ithelpstotrackastudent’s progress,theirskillsets,andmainlytheiradaptivelearning skills,aseverykidisuniqueandwilllearnattheirown pace.Thishelpsusmonitoreverystudentindividuallyand helpsushelpthemtolearnanddevelopattheirpace.This wasn’tpossibleearlierwhenwewouldhaveaclassroom fullof50kids,andtheteachercouldnotgiveindividual attentiontoeachkid.
Thankstotechnology,itispossibletoday.Withasurgein onlineeducationandinternetconnectivityinIndia,itis possibletoprovideeducationtoeverystratumofkids.With thehelpofAASVidyalaya,qualityeducationisnot restrictedtoafewbutisavailableforall.Inthecoming years,therewillbemoreadvancementinthefield,andI hopewiththehelpofML,wecancreateaplatformthat understandsastudent’saptitude,wants,financial backgroundsetc.,andhelpsthemfindtherightcoursetoa betterfuture.
Consideringthecurrentpandemic,whatinitial challengesdidyouface,andhowdidyoudriveAAS Vidyalayatosustainoperationswhileensuringthe safetyofyouremployeesatthesametime?
AASVidyalayawasalwaysonline.Infact,beforeCOVID, itwasachallengeforustoconvincepeopleaboutonline education.Unlikemanyotherindustries,COVIDhas actuallyhelpedtheonlineeducationindustryastodayit needsnoconvincing.
Oureducationcaféswereshutforabriefperiodduringthe firsttwowaves,butotherwise,weremainunscathed.In fact,welaunched AAS Teach appforteacherstoconduct theironlineclassesfromhomeandstartedAASVidyalaya 24x7TVchannelsonJioTVtoreachouttothestudents whodonothavesmartphones.
HowdoyouenvisionscalingAASVidyalaya’s operationsandofferingsin2022andbeyond?
Weareinourevolvingandexpansionphasenow.Our visionistomakeeveryIndianpasstenthgrade,butthatwill takesometime.
Asfor2022,wearelookingforwardtoenrollingatleast 50,000studentsandtakingasmallsteptowardsourvision. Wewillbeenteringtwo-tiertothree-tiermarketsinthe givenyearandsettingupmoreeducationcafesisour goal.
ARRCOAT Surface Textures Pvt Ltd.
India's Homegrown Jewel to the World
Saransh Anand, Head of Communications
Chemicals,hazardous compounds,harmful substanceshavemadeour entirelifeunhealthyandunsustainable. Somuchsothatthepaintsweuseto decorateourhome,theplastersweuse topolishitswalls,andmorechemicalstimulatedcementedsurfacesofthe house'sfloorsarepollutingthe environment.
Today,theglobalcommunityiswaryof thisunsustainableliving.Everybodyis committingtoreducingpollutionand itscarbonfootprints,eliminatingglobal warming,andsavingourselvesfroman inhabitableworld'spresentandfuture threats.
ARRCOATSurfaceTexturePvtLtd. isdoingitbyprovidingeco-friendly alternativestoyoursurfacedécor.They are India's first manufacturers of allnatural home decorative products.The companywillultimatelyturnyourwall orspaceintoyourvision,erasingyour environmentalfootprint.
ARRCOAT’spresenceineverycityof India,withofficesinNCR,Bengaluru, Chennai,Hyderabad,Chandigarh, Mumbai,andPune.Theyareyourbest betwhenitcomestothesmoothest, mostconvenientwayofgettingyour surfacessustainableandreflectingyour personalityandfamilyvalues. InaninterviewwithInsightsSuccess, foritscurrenteditionof'India'sFastest
GrowingStart-upstoWatch'company's younganddynamicHeadof Communications,SaranshAnand, tellsusmoreaboutthisunique companyandhowtheyarebringing Indian way of sustainable and joyful living backintohomedécorspace.
SaranshAnandhimselfis22years optimistic,humble,andgratefulbeing withagreatinterestinlearningmore abouttheworldwitheveryprogressing day.
"Ilookfortheopportunitiestobuild mysurroundingswiththemostpositive thoughtsandwiththepeoplewho inspireme,"Saranshsays.
Pleasebriefouraudienceabout ARRCOAT,itsUSPs,anditscurrent positionasaleadingplayerinits cateringindustry.
Wallsdefinespaces,andwedefine borders.ARRCOATSurfaceTextures offersareplacementtothemodern-day chemical-inducedandunsustainable surfacedecorproductssuchasPaints, Tiles,Marble,andwallpapersaswe manufactureall-naturalandhealthfriendlydecorativeplasters.
Initially,aproductofItaly,thissegment ofsurfacedecoratorssawasurge worldwideastheproductgrewin gravitasinthearchitecturalcommunity owingtoitssuperiorlifeand sustainableproperties.Venetian plasters,polishedplasters,stuccos,and prelateshavedominatedtheworld marketofsurfacedecorproducts.But soon,theover-saturationofsuch productssawadipinproductquality andlife.
ThatwasthecasetillARRCOAT startedmanufacturingtheseproductsin India.WiththeIndiantouchofjugaad, wecouldchurntheseproductsthrough all-naturalingredientsaddingsuperior strengthanddurability.Andwiththis, weintroduceIndiatotheworldof luxurysurfacedecoratanaffordable price.Ourproductsarewashable, crack-proof,scratch-resistant,waterpermeable,safeforwashroomuseand
‘‘ ARRCOAT Surface Textures offers a replacement to the modern-day chemical-induced and unsustainable surface decor products ‘‘
kitchenuse,exteriorandinteriorgrade, certified0VOC,andcomeinallsorts ofdimensions.Onecancreateallsorts ofdesigns,textures,colours,andaddas manydimensionsontothesurfaceas onepleases.Feelfreetoplayaround withthegloss,matt,reflectiveness, depth,andsheenandextendyour personalityontoyourwallswith ARRCOATSurfaceTextures.
Whatotherproducts/solutionsdoes ARRCOAToffer,andhowarethese impactingtheindustryandyour clients?
Weareknowninthearchitectural industryforthepromisethatwekeep andthevaluethatwedelivertoour clients.Webelieveintimely operations,qualityservicing,andondemandsamplesthathelpfacilitatethe processofselection.Wecatertothe individualneedsofallourclientsthat helpuspersonalizeaspertheproject's requirements,givingtheclientthe freedomtodecidefromamultitudeof options.Weinvolvetheclientinthe wholeprocesstomaintaintransparency andcredibilityintermsofthedelivery oftheproject.
However,westillbelievethatourmost significantofferingtotheclientis
understandingwhatisunspokenand deliveringdesignsthatnooneelsecan.
Consideringthecurrentpandemic, whatinitialchallengesdidyouface, andhowdidyoudriveARRCOATto sustainoperationswhileensuringthe safetyofyouremployeesatthesame time?
Thepandemicwasatoughtimeforthe entireworld,andthereisnothingmore totalkaboutit.Andinsteadoftalking abouthowwemaintainedthesafetyof ouremployees,wewouldliketo commendthestrength,grit,and determinationshownbyour employees.
Theyarethetrueheroes,andwesalute them.Inthefaceofuncertainty,our employeesstoodstillandworked togethertohaveourcompanystay afloatduringitsworst-everfinancial phase.Theyalltookpaycutsandstill managedtogetthecompanythrough theworsttimes.
Wherewestandtodayisbecauseofthe courageshownbyouremployees.
Whatwouldbeyouradviceto buddingentrepreneurswhoaspireto ventureintotheconsultancyspace? Dothework.Thereisnothingmore rewarding,moresatisfyingthanthe absolutepleasureofdoingthework. So,keepfocusedandbelieveinyour work,andyoushallhavethesuccess youdeserve.
Howdoyouenvisionscaling ARRCOAT'soperationsand offeringsin2022andbeyond?
Withamorerobustdistribution networkandfranchises,wehopeto scalethebusinessthroughtraining applicatorsforourproductstiedwith theSkillIndiainitiative.Wealsowant tointroducechemical-freeflooring solutions.
YourHonestgo-toDrink,always!
Beforegoingforyournextsoftdrink,pleasebeware thatitwillharmyourhealthinmanyways. First,it isladenwithartificialsugartogainweightthe fastest.
Second,thefructoseintheaddedsugarwillbeconvertedby yourliverintothefats,whichwilldeposititselfoveryour liver,makingitfattyliver. Third,itmightcausediabetesif yourintakeisexcessiveorhighandcalorieburnismore minororminimal.
Fourth,theemptycalories(mineralsornutrientless),with theaddictivedopaminereleasedbythesugar.Itwillsatiate yourcravingsandcausetoothdecayinstead,whichwillbe thelastharmyoueverwant.Anachingtoothisapaininthe mouth.
Butifyoustillwanttodrinksomething,whichwillbeas tastybuthealthyandmorethanwater,thenBeyondWater isperfectforyou.
LaunchedbyDevangSinghania–theFounder,and ShachiSinghania–theCo-founder,thisuniqueventureis leapingandgoingthatextramiletoempowereveryone withtheabilitytocustomisewhattheyconsume.
InaninterviewwithInsightsSuccess,foritscurrentedition of‘India'sFastestGrowingStart-upstoWatch,’theyare talkingabouttheirofferingsforyourhealth,hydration,and convenienceandhowtheyaimtobe your go-to drink,using thehighestqualityingredientsthatareall-naturalandvery tasty.
PleasebriefouraudienceaboutBeyondWater,itsUSPs, andhowitiscurrentlypositionedasaleadingplayerin theindustryitiscateringto.
AtBeyondWater,ourmissionistogainpeoplestrustback inbottledbeverages.Weusesimple-naturally,sourced ingredientstocreatehigh-qualityproducts.Ourproductline iscompletelynatural,lowcalorieandwithoutanysugar. Weuseflavoursandcoloursfromnaturalfruits,vegetables, andherbs.Forexample-ourorange,limeandlemon flavourscomefromcold-pressedoilsextractedfromfruit peels.
Ourcolourscomefromnaturalsourceslikedriedcarrots andturmeric(alsoknownas Ghar ki Haldi).Ourproducts havejustonecalorieperservingandaregreatforallage groupsandfitforconsumptionbydiabeticconsumers.
Isn’t this just the best way to get the 15% daily recommended dosage of your essential vitamins in your body by just a simple squeeze?
Youcanchoosetoaddaslittleorasmuchofitasyouwish. Thepowerisinyourhands,literally.Whatismore astonishingisthatourproductscomeinaportable, convenientpalm-sizedsqueezebottlethatyoucancarry anywhere,totheoffice,ontherunorevenwithfriends.
Welovetheplanetandaimtoreduceplasticwaste,soevery timeyoubuyfromus,youareeffectivelyconsuming twenty-four times less plastic thanyouwouldhave otherwise,intheformofready-to-drinkbeverages.
Devang previously managed familyowned tea estates located in North Bengal with a significant concentration in Bought Leaf conversion, essentially operations centric. Also, a graduate from Babson College, he majored in Operations and Entrepreneurship.
His key strengths are knowledge of products, operations, and trends, strong network and connections that will benefit product promotions and marketing.
Meet the Founders Par Excellence
Shachi graduated from Babson College with a Strategy and Entrepreneurship Major and then set out to explore what she like doing the most – designing and branding. She collaborated with several companies, with exposure to varied roles like curating, designing, branding new businesses, and reinventing old ones.
“ “
Our product line is completely natural, low calorie and without any sugar
But today, it is thrilling and allencompassing for her to collaborate with her brother on something that they believe will be a go-to drink for everybody. The vision for Beyond Water is to be that honest drink you can reach out to without any guilt, always!
Devang Singhania – The Founder
Shachi Singhania – The Co-founder
WhatkindofproductsdoesBeyondWateroffertoits consumers?
WehavethreeproductlinesandtwelveSKUs.
•Vitamin-ZestyOrange,LemonMint,LemonIced Tea,MangoPeach,StrawberryLemonade, WatermelonMint.
•Electrolyte-GingerLime,RawMango.
•CocktailMixers-LavenderHoney,RoseLemonade, CucumberMint,Mojito.
• Ourproductis:
•Calorie-free
•Sugar-free
•Madeof100%NaturalIngredientsonly
•Contains15%RDAofVitaminsA,B,C,D,andE
•Comeswithan easy-to-carry bottle,whichmakesup totwenty-fourdrinks
•Eachservingcomestoaround13/-,soitisveryprice competitiveaswell.
HowhasthecurrentpandemicimpactedBeyondWater anditsoperations?
Educatingthecustomerabouttheusagehasbeenthe biggesthurdle.Itisanewmechanismwhereitisnotready todrink,andyoumustaddittothewater/soda/tonicetc.So, itisanewbehaviourthatneedseducation.Itisaliquidand notasachetthatneedstobeadded,sothatisnew.
Duetothepandemic,wecouldnotparticipateintheevents anddosampling,whichwasahurdle.Duetothis,we adoptedthecompleteD2Caspectandexploredthatasa channelofeducation.
Whatwouldbeyouradvicetothebudding entrepreneurswhoaspiretoventureintothisfield?
Akeytakeawayisthatthejourneyisenrichingandfullof difficulties,butitallseemsverywellworthitwhenany milestoneisreached.Everyonehasarighttodreamand takeashotatmakingitareality.Soalwaystryitoutand neverregretit.
HowdoyouenvisionscalingBeyondWater’soperations andofferingsin2022andbeyond?
Weplantohavemoreverticalslikesingle-serveandreadyto-servemoreproductlines.Wewillalsobeexploring modernretailandairportformatsinthecomingyear.
Why Should Financial Values Children Early? Introducedto be
Pocketmoneyandpiggybankshavebeenusedfor yearstoimpressuponthechildrentheimportanceof managingmoney.However,thispracticeisusually donewithteenagersandwithverylittletosupportthis learning.
Childrenlearnaboutthetransitoryvalueofmoneyvery earlyonintheirlives.Sowhydoparentswaittoteachthem aboutmoney?Theage-oldargumentaboutpreservingtheir innocencedoesnotquitecutit.
Theyarealreadylearningaboutmoneyfromtheir environment,ifnotimplicitly.Byintroducingthetopic, parentsarenottakingawayanyinnocencebutproviding contexttowhattheyarealreadyseeingallaroundthem.
Therearemanyreasonswhyparentsshouldaddressthis topicearlyon,likethefollowing:
UnderstandingofConsequences
Childrenneedtolearnthatnotonlydoesmoneyhave valuetobuythingsbuttherearefinancial consequencestoallspendingdecisions.Thisisa crucialpartoftheirdevelopment.
Decisionmaking
Childrenatanearlyagelearntheartof decisionmaking.Thisaffectstheminevery sphereoflifeandissetatanearlyage.It wouldbehelpfultoguidethislearning whenthechildisimpressionableand stilldevelopingthesecorehabits.
India's Fastest Growing Start-ups to Watch
Understandingthevalueofwork
Childrenneedtounderstandthatnothingcomesfree.The thingstheybuyandthegiftstheygetareresultsofhard work,nothandoutsfromanATM.
Delayedgratificationandimpulsecontrol
Thesevaluesareveryimportantinanyone'slife.They affectalltypesofdecisionmakingandcancauseseverelife changes.Hence,theneedtoenforcethesevaluesearlyon andsettherightfoundationforthefuture.
Manyparentsfeellikethisconversationistoostressfulto bringupwiththeirlittleones.However,thisstressisfeltby
theadultswhoarestrugglingwiththeissue,notthechild intentonlearningeverythingabouttheworldaroundthem.
Moneyisanintegralpartoflifewhichaffordsustheright education,agoodenvironmentandsocialsecurity. Therefore,moneymanagementisnotalifeskillthatshould beignoredorputoff.So,whenistherighttimetostart impressingtherightvaluesaboutmoney?Rightwhena childstopputtingitintheirmouth!
This article is written by Purva Aggarwal, Founder of Good Good Piggy, an Ed-Fintech Company.
Taking the Fashion World by A Storm
Thefashionworldmovesbythemantrathat change
is the only constant.Itgotsocaughtupinthe turbulenceofthatchangethatwhenthepandemic cameknocking,ithadbeensuddenlyblownoffintopieces, whichnobodyneededanymore.
Thefashionworldwasutterlylostinthatdoomandgloom. Itwillneverbelivelyandhappeningagain.Butastheysay, thosewithanever-say-dieattitudewilltakeonthecrisis withtheirstormofinvinciblewillpower.Andwilldothe unthinkable.
Allittookwasanideanobodyhadimaginedbeforeanda spiritortwo,willingtomakeithappen.MeetRiyaKhattar andChandniKhattar-theFoundingspiritsandminds behindHeartUpMySleeves.
Theystartedthebrandsmackinthemiddleofthepandemic whileconsideringthe value of sustainable fashion.Their
brandsellsdetachablesleevescraftedwithreusabilityand creativityasgoals.RiyaandChandniaimtocreateaperfect combinationofsimplicityandluxurywhileremaining sustainable.Fromafashionbackground,Riyaunderstands theneedtofocusonfastfashionbutnotloseoutonfresh outfitlooks.
ThebrandstartedasjustahobbyfortheDelhidaughtersof awholesalerofIndiangarments.Thesistersbegan enhancingeffortsoncetheynoticedthatpeoplelikedand believedintheiridea.Theyropedininfluencermarketing, whichhelpedthebrandgrowwithpopularInstagram InfluencerslikeKomalPandeyandNikiMehra.
Thisledtoasignificanthikeinsalescomingfromorganic marketing,takingtheinitialinvestmentof₹10,000on samplestosalesworth₹11.5Lakhs-andthattoo,inayear ofthelaunch.
PlatformslikeNykaaandAzaalsofeatureHeartUpMy Sleeves.Withtheirsuccessfulandfascinatingpitchon SharkTank,thebrandhascaughttheeyesofSharks VineetaSinghandAnupamMittal.
Thereisalongandexcitingjourneyaheadforthe founders,dottedwithexpansion,exposure,and excitement.InaninterviewwithInsightsSuccess,the twocharmingdivastalkabouttheirfast-emergingbrand foritsapteditiontitled‘India'sFastestGrowingStartupstoWatch!’
PleasebriefouraudienceaboutHeart UpMySleeves,itsUSPs,andhowitis currentlypositionedasaleadingplayer initscateringindustry.
Addingtotheclosetisfun,butcleaning it?Notsomuch.Especiallywhenthere isalotintherethatskipsfrom‘Never wearingthatagain’to‘Ilovethis,I cannotthrowitaway!’Guilty?Itis aproblemthatmanyofusface!
‘HeartUpMySleeves’isa uniquebrandthatishereto settlethingsdownwith minimalism,sustainability, andadashofpanache.We dothiswithdetachable statementsleevesand accessories—amodern conceptthatisfitfor transformingIndiaandis suitableforchangingyour perfectfit.
Our brand focuses on reducing the carbon footprint and bringing down the intensity of fast fashion shopping sprees
Riya Khattar Chandni Khattar Founders
Westumbleduponthissolutionandstartedthebrandinthe middleofthepandemic-literallywhilecleaningthecloset. HeartUpMySleevesoffersaquickfixtoanydulloutfit withdetachablesleevesandaccessories.Fromsequinsto frillandballoonstoflair,youcanfindsleevesineverysize, fabric,andcolourforaholisticandwholesomechoice.
Thebrandhasquicklyreceivedagreatresponsefrom influencersandcelebritieslikeNehaKakkar,Hansika Motwani,andKomalPandey.
Whatmakes‘HeartUpMySleeves’uniqueistheconcept ofreusability,somethingwe’veallseenourparentsdoin Indianhouseholds.Andthereisnothingwrongwithit.The pandemicbroughtmanylessons,andsustainablelivingis probablypartofthegreatestones.Ourminimalistic approachwiththereusableanddetachablesleevesensures thatnooutfitsare‘repeated.’
Wecatertoourcustomerswithsupremequalityof products.Eachclothishandpicked,andeverydesignis bornwhilekeepinginmindthediversityinbodytypesout there.Weaimtodeliverhappinessatourcustomers’ doorsteps,whichinturnhaspositionedusasaleaderinour home-groundindustry.
Whatotherproducts/solutionsdoHeartUpMySleeves offer,andhowaretheseimpactingtheindustryand yourclients?
Wecanallagreeononething-thepandemictaughtusthe beautyandimportanceofslowingdown:notgoingtoofast. Andwethinkthatistrueforfashionaswell.Fastfashion needstoslowdown!Asustainablelifestyleiscritical,and fashionshouldbeapartofit.So,ourfocushasbeen towardsblendingsustainableplusethicalfashionwith somethingfresh-intheformofourdetachablesleeves.
GrowingupintheheartofIndia’sfashioncapital,Delhi,we understoodhowrapidlychangingtrendscanbeexpensive andexhaustive.Withthat,theprimaryintentbehindHeart Upwastobringacollectiblethatinstantlyraisestheglam quotientofyourattireand,therefore,entirewardrobe. Outfitrepeatsareaconcernforallfashion-freaksand womentoo,andwehavefoundasustainablesolutionto that.
Ourproductscantransformyouroutfit,makeitgofromday andnight.Notjustthis,butourbrandfocusesonreducing thecarbonfootprintandbringingdowntheintensityoffast fashionshoppingsprees!Wealsobelieveinpromoting
fashioncreativityasabrand,somethingthatpeoplecan explorewithinthemselveswithourdetachablesleeves.
Oh,andwehavealsorecentlyexpandedourproductrange toinvitecapesandbroochesthatareavailableinmany colours! Good-bye, boring outfits.
Beinganexperiencedleader,shareyouropiniononthe impactoftheadoptionofmoderntechnologiessuchas AI,bigdata,andmachinelearningontheindustryyou arecateringto,andwhatmorecouldbeexpectedinthe future?
Fashionhasneverlaggedwhenitisaboutinnovation. Fashionhasbeenthebirthplaceofmanylife-changing innovationslikethesewingmachineandhascontributed massivelytotheriseofe-commercetoo.Andtoday,wecan seerobots,AIalgorithms,andVRworkwonders,from sewingandcuttingfabrictopredictingstyletrendsand simulationsindressingrooms.
Arangeoftechnologicaladvancesshowushowtechnology isrevolutionizingthefashionlandscapewithautomation andpersonalisation.Variousbrandscannowunderstand customersbetter-evenpredicttheirfollowingdemandsthankstothesophisticateddatacollectionmethods,which hinttowardsafashionfuture,whereAIisreshapinghow brandstackleproductdesignsanddevelopment.
Developmentandchangeinanyindustryarenotaonepersonbattle.Fashionisacyclicalandforward-looking industry,alotliketech,andadvancementswillpaintanew pictureforeveryoneinvolved,fromdesignersto manufacturersandretailerstostylists.And,ofcourse,the consumers.
A sustainable lifestyle is critical, and fashion should be a part of it “ “
Consumerstodayaregainingmoreawarenessaboutthe uglysideoffastfashion.Wenowhavesociallyand environmentallyconsciousshopperswhoembracethe risingmovementof‘slowfashion.’Themovement spotlightssustainablematerialsandtransparent,ethical labourandmanufacturing.AIandinnovativetechnology mayhavearoletoplayintheracetowardssustainable fashion.
Consideringthepandemic,whatchallengesdidyou face,andhowdidyousustainyouroperationswhile ensuringsafetyofyouremployeesatthesametime? Thepandemicandlockdownshavenotbeeneasyfor anyone.Forus,too,theybroughtatsunamiofchallenges.
Ourbusinessexperiencedamassiveimpact.Therewasa hikeinpricesacrosseverysphereduetoashortageof workers.Thepriceswentupfromthematerialstothe wagesandcouriers,whiletheproduct’sdemanddecreased.
Nobodywassteppingout,sotherewasminimalfocuson buyingfashionitems,andmostpeoplewerefocusingon savingratherthanspending.Ourbrandisallaboutour customersandallaboutethicalpractices.Wecareabout everyonewhoworkswithusandasksforourproducts.To sustainoperationswhileensuringthesafetyofyour employees,weputinmuchefforttosanitizeproducts.We alsokeptaclosecheckoneveryemployee’shealth.
Whatwouldbeyouradvicetobuddingentrepreneurs whoaspiretoventureintothisspace?
Thereisagoodreasonweseepassiondepictedasfieryin popularmedia.Believeinyourpassionforbeingyourfire andstartingsomething,youfeelstronglyabout.We encourageyoutobeconfidentinyourideaandtheproblem yousolve.Remember,youneedtosolveyourtargeted problembetterthananyoneelseattemptingtosolveit.Or, ifyouhaveidentifiedaproblemnobodyissolvingyet, makesureyouputyourheartandmindintoitandmakeit impactful.Onceyouareconfidentofthat,makeitapointto understandyourtargetaudienceandyourmarket.
Hey,instead,becomebestfriendswiththem!Weliveina generationwheresocialmediasignificantlyinfluences customers,sowecandefinitelyleveragethatandputitto use.Youneedtoalignwithyourcustomers'thinking,so constantfeedbackisalwaysagoodidea.Socialmediahas madethisprettyeasy.
Beinganentrepreneur,therewillbetoughdecisionsand challengesthatyoumightface,butneverbeafraidofthem. Anentrepreneurialjourneyisafulfillingone,butitisnotan easyone.Youwilllearnalot,somakesureyoukeepyour eyes,ears,andmindopen.Network,accordingly,too. Confidence,passion,risk,customers,andthesolutiontoa problemtogetherforgethekeythatunlockssuccess!
HowdoyouenvisionscalingHeartUpMySleeve’s operationsandofferingsin2022andbeyond?
SharkTankhasgivenourbusinessabrilliantboost.Moving ahead,we,asabrand,arefocusingmoreonmarketing.We areliterallyontopoftheworldtohaveVineetaand Anupamonboard!Withtheirsupport,knowledge, experience,andthekindofnetworkstheyhave,wecan makethisbrandbigmemorablyandrecognizably-together.
Theybringquitedifferentkindsofexpertisetothetable, whichwillsurelybebeneficialforus.Wearealready availableonNykaafashionandAza,whichhasgivenusa largerpoolofcustomersandmadeusmoreaccessible.The goodnewsis,soon,youwillseeusonallmajorecommerceplatformsaswell!Wearehopefulaboutour journeyahead.
Start-ups -Ways to Survive and Thrive in Unprecedented Times
Thesedays,start-upsaregrowinginnumbersand
strengthconstantly.Ledbyinnovative entrepreneurswhoobserveproblemsandissues, whichnobodysawearlier,thesebusinessentitiesare comingupwithuniquesolutions.
Andthen,byproductivelyusingtechnologyandinnovation, theyarecreatinganentirelynewcategoryofgoodsand servicesaroundthesesolutions.Butlikeeverything,they mustgothroughhardtimes,likethetimeofthepandemic.
Andtosurviveinadversesituationsandthenforgrowing andprosperingamidstthefuturechallenges,theymust knowthetimetestedandmodernstrategies.Hereareafew ofthemlisted,thoughthelistisnotexhaustive.
Maintaining the cash flow
Anestablishedbusinesscansuddenlyexperiencean
unexpectedbill,whichcanaffectthebankbalance.To manageastableorganisation,cashflowisextremely important.Itisthelifebloodofanystart-up.
Foroptimumbusinesshealth,moneymustcontinue inflowingandoutflowing.So,start-upsshouldfocuson bringingmoremoneythantheyspendontheirexpenses.
Withenoughcashflow,businessescancontinuetogrow theirbrandandimprovetheiroperationsinanysituation.It alsohelpsthemtobepreparedincaseofafinancial emergency.
Analysing the competition
Ifastart-upneedstogrow,itmustcontinuouslyanalysethe competition.Intoughtimes,theyshouldnotlosehope. Withtheproperunderstandingofwhatothersaredoingto attractcustomers,theycangetabetterideaoftheir competitors.
Bysecretlyshoppingfromcompetitors,businessescanget abetterunderstandingofwhattheyareofferingtotheir customers.Thiscanbeasecretstrategy.Knowledgeof competitors'pricingstrategies,exclusiveoffers,strengths, andweaknesseshelpsunderstandthecompetitionandform abetterstrategy.
Proper pricing of the product Start-upsshouldobservethecompetitionandexaminetheir prices.Ithelpsthemtoknowwheretheirproductstandsin themarketintermsofmonetaryvalue.
Theproduct'sproperpricinghelpstheclientsknowthecost toworkwithaparticularstart-uporbusiness.So,itis essentialtobeawareofitunlessonecanlosecritical prospects.
Pricingoftheproductalsoplaysasignificantrolein customersatisfaction.Iftheproduct'spriceisnot affordable,itcanresultinlosingcustomers.So,thecorrect pricingissubstantialtoachievingbusinessgoals.
Focus on marketing
Inthecaseofstart-ups,marketingstartsfromtherootlevel. Foundersassesstheideaandcollectinformationtodecide whethertheproductideaisasuccesswiththecustomers. So,theyspendaconsiderableamountonmarketing.
Inthetoughtimes,start-upsoftencuttheirmarketing budget.Butthisisthetimewhentheyneedmarketingthe most.Thesedays,thecustomersarerestlessandconstantly changingtheirbuyingdecisions.So,itisessentialtohelp themfindtheproductsandserviceseasily.Itispossible,by steppingupmarketingefforts,
Digitalmediahasmademarketingcost-effectiveand influential.So,start-upswithalowerbudgetcanusedigital mediatopromotetheirbrandsandachievecustomer engagement.
Analysing the data
Start-upsshouldnotunderestimatethevalueoftracking datawithinthebusiness.Itcanprovidevaluableinsights, usefulforbusiness.
Aroutinelyupdateddatadashboardwillrevealcurrent trendsandforecasts.Thesetrendsandforecastsgivethe actualideaofwhatcustomersreallylikeinthepresenttime. Start-upscanestablishaprofitablebusinessstrategyby analysingit.Aproperdataanalysishelpstomakeinformed decisionsandachievebusinessgoalsfast.
Reducing inventory costs
Intimesofrecession,start-upsshouldfocusonreducing inventorycostswithoutsacrificingthequalityofgoods sold.Forthispurpose,theycanavoidorderingtoomany items,ortheycanalsobuyatabetterprice.
Theycangoforoptionslikedrop-shipping.Itwillhelp themtoeliminateshippingandwarehousingcosts.By purchasingfromanothersupplier,theycandothingsina uniquewaytosavemoney.
Customer retention
Duringtoughtimes,businessesshouldfocusoncurrent customersratherthanpotentialcustomers.Anexisting customerisabirdinthehand.So,theyareanexcellent opportunitytomakemoresaleswithoutincurringcostsof searchingfornewcustomers.
Bygivingmoresalesopportunities,start-upscanmake loyalcustomers.So,theyshouldnotignorethepotential profitsfromestablishedcustomersinahurrytoattractnew customers.
Excellentcustomerserviceisessentialhere.Start-ups shouldensurethatcustomerslovewhattheydoorselland shouldkeepthemhappy.Identifyingtheirneeds,likes, dislikes,andpreferencesandsatisfyingthemintheright wayisimperativeforbusiness.Morecomfortableandloyal customerscanalsoresultinprofitforthebusiness.
AnAfterthought
Asthepandemicwreakshavocaroundtheglobe,theseare trulydifficulttimes.Itisachallengeforbusinessestokeep theirdoorsopenandprotecttheiremployees.Still,ithas alsocreatedasignificantdemandfornewproductsand servicesinthemarket.
Theseareallwaysastart-upcansurviveandthriveevenin unprecedentedtimes.Letushopethatthiscrisisperiodwill makethemlearnnewthingsandreinventthemselvesforthe future.
-PoojaJaipal
Wereyoueverbeensoldaninsurancepolicywith apromiseofamoonandthenultimatelywere madetogothroughhelltomakeyouractual claim?Andthefinalresultofthatnightmarewasashockof technicalskulduggery,withoutanylightattheendofthe tunnel.
Ontopofit,youneverknewwhomtoapproachwithyour grievances.Orwhowillhelpyou,supportyou,fightfor you,andmakesurethatyoureceiveyourrightfulclaimand thatalsosoon?Andmanymoresuchinsurance-related complaintsyouhave/had,whichnevergotresolved.
From today onwards, it will never happen again as Insurance Samadhan provides a tech platform for all the insurance policy-related grievance redressal mechanisms and ensures that you know all your insurance rights well enoughnottobebulliedinthefuture.
MarshalledbythelikesofDeepakBhuvneshwariUniyal, Co-founderandCEO,InsuranceSamadhanor InSa for short,isfightingforallthosepeople,whothoseinsurance miscreantshavehassled. And it will keep fighting for the cause.
InaninterviewwithInsightsSuccessforitslatesteditionof ‘India'sFastestGrowingStart-upstoWatch,’MrUniyalis speakingabouthisuniqueInSa,whichgivessatisfactionto thousandsofcustomers.
Pleasebriefouraudienceabout InSa,itsUSPs,andhow itiscurrentlypositionedasaleadingplayerinthe industryitiscateringto?
Weareatechplatforminresolvinginsurancegrievances likemissellingandclaimrejectionforlife,health,and generalinsurance.Wehaveresolvedmorethanfourteen andahalfthousandgrievancesinthelastthree-point-five years.
OneofourUSPsisthatourfiltrationprocessselectsonly genuinegrievances,andtechhelpsaggrievedcustomers representtheircomplaintsandgettheirclaimamount; insurancecompaniescantaketheinformeddecisionasthe representationisdoneinatechnicallanguagehelpsthem understandthegrievance.
Whatotherproducts/solutionsdoes InSa offer,andhow aretheseimpactingtheindustryandyourclients?
Weresolvedinsurancegrievances;now,weareupgrading fromservicetoaproduct.OurAppwouldbelaunchedvery soon,andwewouldstartassistingpolicyholdersinfiling theirclaimstomaintainandservicetheirinsurance portfolio.
Oneofouruniqueofferswouldbe“checkthequalityof yourinsurancepolicy”,whichonvariousparameterswould tellyouifyourinsurancepolicyhadanyerrorwhichcanbe thehindrancetothefutureclaim,wenotonlyscanyour policy,butwealsowouldbehelpingyouinresolvingthe error.
Beinganexperiencedleader,sharewithusyouropinion ontheimpacttheadoptionofmoderntechnologiessuch asAI,bigdata,andmachinelearninghadonthe industryyouarecateringtoandwhatmorecouldbe expectedinthefuture?
Theinsuranceindustryhasbeenworkingonlegacy systems,Insurtechstart-ups,andnew-ageinsurance companieshavehadasignificantchangewithtech.AI,ML, andbigdatahavereducedtheTAToftheprocesses.Itis justthestartofthetechjourneyoftheinsuranceindustry;it wouldgoforacompleteoverhaulandbenefitevery stakeholderinabigway.
Consideringthecurrentpandemic,whatinitial challengesdidyouface,andhowdidyoudrive Inca to sustainoperationswhileensuringthesafetyofyour
Co-founder and CEO
employeesatthesametime?
Interestinglywewerejustnineteammembers,including Co-founders,beforethepandemichitin2020.Today,we areateamof32strongindividuals;wehavepractically builttheentireteamandbusinessinthepandemic.Itwasn’t easytohire,trainandmotivateeveryoneonvideocalls.
Everystepwasachallenge;weareinasupernichespace, whichgetstrainedprofessionalsfortheprocessesweren’t theoption,sowehiredfreshersfromcollegeand managementinstitutesandtaughtthem.Buildingthebond anddevelopingagreatculturewasn’teasy.Weusedtostart ourdayatnineA.M.,withvideocalls.
Three is The Team Spirit
Keepingthevideoonwasmandatory;thatwasadiscipline mark.Toholdthemeansfunelementhigh,weusedtohave an“InSarejuvenationsession”Ithasbeenanincredible journeybuildingInSaagainstallodds.
Whatwouldbeyouradvicetobuddingentrepreneurs whoaspiretoventureintotheconsultancyspace?
Itisabitofstraightforwardadvice-itisallaboutintentand peopleandwhatyoudowithboth.Bepassionatelypositive anddisciplined.
HowdoyouenvisionscalingInsuranceSamadhan’s operationsandofferingsin2022andbeyond?
Forthelastthree-and-a-halfyears,wehavemasteredthe grievanceresolutions,andnowwewouldupgradetothe product.
Wewillbepartofeverysingleinsurancepolicyholderin thecountryandinservicingtheirpolicies.OurUSPwould remainthatwedon’tsellinsurance.
The Soul of InSa, Shilpa Arora, Co-founder and COO, has a total of 26 years of work experience and 15 years in the insurance space. She has trained more than 2000 insurance advisors/professionals. She takes care of everything from onboarding the customer to resolution.
The Backbone of InSa, Ravi Mathur, Co-founder and CTO, has a total of 12 years of experience and is entirely in the start-up ecosystem. He has built the tech from the scratch.
The Face of InSa, Deepak Bhuvneswhari Uniyal, Co-founder and CEO, has a total of 25 years of experience, 17 years in the Insurance domain. Left his successful career (AVP) and became a full-time insurance advisor, was handling the HNI insurance portfolio. He is keeping the team aligned towards the vision of being the most trusted platform for resolving insurance complaints
Moonshine Meadery
Bringing Back the Elixir of the Gods
Mead is extremely versatile as a beverage, and at Moonshine Meadery, we make it using ingredients like apples, coffee, or grilled pineapples
India's Fastest Growing Start-ups to Watch!
ThisisthestoryofMead.Iknowyoumightnothave heardaboutitifyouareateetotaller.Butancient culturesofChina,India,Greece,andEgyptreferred toitastheworld’soldestalcoholicdrink.
Meadasadrinkisfermentedhoneymixedwithwater.And itshistoryislongandglorious.Someoftheoldestrecords suggestthatmead(akaSomras),afermentedhoney beverage,wasafavoureddrinkofIndusValley Civilisation(IVC)aroundfourmillenniaago.
AndtheancientGreeksusedtocallit Theyalsobelievedthatmeadwas whichdescendedasdewfromtheheavensbeforebees gathereditintheformofhoney.Andheavens continuouslypouredwateronusfromtheclouds.Thus, themixwasbelievedtohavemagicalpropertiestoo.
Youcanallcallthelaststatementhearsay,but Overlords RohanRehaniandNitinVishwas mead inagaragein2014andremadeitinto Meaderyby2018.RohanandNitinhavebeenfriendsfor thirty-fiveoddyears.
NitinisanalumnusoftheIndianSchoolofBusiness (ISB),Hyderabad,andhasworkedwith McKinseyandAbbottPharma.Andby profession,Rohanisamechanical engineerandhasworkedincore manufacturingformostofhis career.
Theirexperiencecombinedwith thenew-ageapproachtobusiness thatthinksabouttheshareholders andthestakeholdersandthe organization’splaceinsociety hasbeeninstrumentalin shapingtheworkculturethata start-uprequirestogrow sustainably.
InaninterviewwithInsights Successforitseditionof ‘India'sFastestGrowing Start-upstoWatch’,Mr NitinVishwas,Cofounder,wastalking aboutMoonshine's missionistobringback thisdrinkwhichwas
Nitin Vishwas Co-founder
previouslyreservedforthekingsandtheroyalty,tothisand future-century lovers of all things craft.
MoonshineMeaderyistakingyourpalateonasoothing journeywhileyousitback,relax,loweryourinhibitions, andindulgeintheexcerptsofthisinducinginterview.
PleasebriefouraudienceaboutMoonshineMeadery,its USPs,andhowitiscurrentlypositionedasaleading playerintheindustryitiscateringto?
MoonshineMeaderyisIndia’sandAsia’sfirstmeadery, startedbyRohanRehaniandNitinVishwas.Wemake mead,analcoholicdrinkmadebyfermentinghoneywith fruitsandspices.
Overthelastfouryears,wehavecreatedanewcategory thatcaterstoanaudienceinterestedinknowingwheretheir foodandbeveragescomefrom.Wecanplayinthewhite spacebetweenflavourful,non-alcoholicdrinkslikeCoke andalcoholic,bitterbeverageslikecommercialbeer.
Meadishighlyversatileasabeverage,andwemakeit usingingredientslikeapples,coffee,orgrilledpineapples. Itisalsomildlycarbonatedtogiveconsumersavery flavour-packed,seasonablebeveragemadewithall-natural ingredients.Thisfocusoncraftingflavourfuldrinksusing all-naturalingredientsdidnotexistintheIndian alco-bev spacebeforethis.
Whatotherproducts/solutionsdoesMoonshine Meaderyoffer,andhowarethesemakinganimpacton theindustryandyourclients?
AtMoonshine,weareconstantlyexperimentingwith
variousingredientsonofferduetoIndia’stropicalclimate. Thisvarietyisnotlimitedtofruits&spicesalonebut extendstohoney.
Usingveryseasonalingredients,wemakelimitededition batchescalledmeadLabs.Someofwhichare- Guava Chilli, Grilled Pineapple, Salted Kokum, and Project X madeusingsingle-varietyhoneysourcedfromourbee boxes.
Ashoneyisthemainrawingredientusedtomakemead,we canconsumehighvolumes.Thishasstartedtogiveimpetus tosmalltomedium-scalebeekeepingbusinesses.Otherthan this,wealsohaveourbeeboxesundertheMoonshine HoneyProject,whichaimstorevivedwindlingbee populationswhilesourcingthepurestsingle-originhoney.
Thepositiveenvironmentalimplicationsofusinghoney insteadofgrainsorgrapestomakealcoholarehuge,as honeyisabonus/by-productthatnatureprovidesus.Wecan supportfarmersbyprovidingthemwithasupplemental incomeandbecominga+1tothevaluestreamofthefood ecosystem.
Beinganexperiencedleader,shareyouropiniononthe impacttheadoptionofmoderntechnologiessuchasAI, bigdata,andmachinelearninghadontheindustryyou arecateringtoandwhatmorecouldbeexpectedinthe future?
Thusfar,AIandBigDatahavehadlittletonoimpacton the alco-bev space,butwithbetterregulationscominginto placeslowly,oneday,wewilldirectlybeintouchwithour customers,andthat'swhenwe’llseethesetechnologies
Consideringthecurrentpandemic,whatinitial challengesdidyouface,andhowdidyoudrive Moonshinetosustainoperationswhileensuringthe safetyofyouremployeesatthesametime.
Thepandemicseverelyaffectedusasoursectordidnot benefitfrome-commercesales.However,ourhomestateof Maharashtrahasbeenveryprogressivebyimplementing homedeliverymodelsandgivinganewleaseoflifetothe alco-bev sector.Wearehopingtheseprogressivepolicies areadoptedbyotherstatesaswell.
Wedidde-riskourbusinessbyexpandinggeographically. WerealisedthathavingclusteredmarketslikeMaharashtra andGoameantthatwewouldshutdownandstartupon similartimelinesifthereweretobealockdown.Bybeing availableinmorestateswiththeaddedbenefitofnosigns ofanothernationwidelockdown,wefeelsafeguarded ourselves.
HowdoyouenvisionscalingMoonshine’soperations andofferingsin2022andbeyond?
WehaverecentlylaunchedouroperationsinKarnataka, Rajasthan,Daman,Assam,UttarPradesh,andHimachal Pradeshasthelastterritoriesinthisexpansionphase. Hence,ourfocuswillbeonconsolidatingthesemarkets withspecialattentiontoincreasingourdistribution. Furthermore,wehavealwaysenvisionedMoonshineasa nationalandglobalbrand,sooureffortstomakethat happenwillalwayscontinue.
Wehavebeenworkingonhighalcoholmeads(12%Abv) madeusingspecialityhoneyfortwoyears.Theywillbe launchedbytheendofthisyear.
How is Digital Enhancing Businesses? Transformation
Thereisasubstantialchangeinalmostevery
businessareaduetodigitalisation.AsperCustomer Think,theglobaldigitaltransformationmarketwill growby16.5%eachyearandreach$1trillionwithinfive years.Ithasalsochangedthefundamentalwayofbusiness operations.Inacceleratingefficientworkflows,enhancing security,andincreasingprofitability,digitaltransformation playsakeyrole.
Improveddatacollection
Variouscompaniesgathermountainsofcustomerdata,but therealbenefitisoptimisingthisdataforanalysisthatcan drivethebusinessforward.Theuseofdigital transformationcreatesasystemforcollectingtherightdata andincorporatingitfullyforbusinessatahigherlevel.
Thisinnovativetechnologyhascreatedawaythatdifferent functionalunitswithinanorganisationcantranslateraw dataintoinsightsacrossvarioustouchpoints.Itassistsin developingasingleviewofthecustomerjourney, operations,production,finance,andbusinessopportunities.
Assistsinbetterresourcemanagement
Withthehelpofdigitaltechnology,companiescan consolidateinformationandresourcesintoasuiteoftools. Itcombinescompanyresourcesandreducesvendor overlap.Byintegratingapplications,databases,and softwareintoacentralrepositoryforbusinessintelligence, digitaltransformationisaddingsuccessintoday'sbusiness.
AsDigitalisationhasimpactedeveryareaofbusiness,itcan leadtoprocessinnovationandefficiencyacrossunits. Everydepartmentleveragesdata,fromsalesandmarketing tofinanceandtheCsuite.Byoptimisingandsecuringdata everywhereitflows,companiescangettheirjobsdone.
Assistsincreatingabetterbusinessstrategy
ForUnlockingcustomerinsights,datacanbeakey. Businessescanbetterunderstandcustomersandtheirneeds, desires,andpreferencestocreateabusinessstrategythatis evenmorecustomer-centric.
Inbusiness,structuredandunstructuredareessential. Structureddatainvolvespersonalcustomerinformation. Unstructureddatainvolvessocialmediametrics.
Productivelyusingthisinformationcanhelpbusiness growth.
Helpsincostsavings
Numerouscompaniesspendagoodamountofmoneyand timesimplymaintainingold,legacysystemsandproducts. Digitaltransformationhelpstosavethismoney.Ifan organisationintegratesmoreefficientprocessesandquicker problemidentification,itcansavebothmoneyandtime.
Withtheefficientuseofdigitaltechnology,therearemany opportunitiesforcostsavingsingeneraloperations. Likewise,aproduct-basedcompanycangetbetter informationintothevolumeneedsandtimelinesofraw materials.Theycansavecostsbyorderingrawmaterialsin astrategic,data-basedmanner.
ResultsinRevenuegrowth
Itiseasiertogrowrevenuebyminimisingcosts.Akeyto drivingacompanyforwardismaximisingopportunitiesby recognisingflawswithincurrentbusinessprocesses.
Asmorethingsaregoingdigital,itimprovestransparency invariousaspectsofthebusinessandmanagement.So, companiescanachieverevenuegrowththroughtrend evaluation,patternrecognitionandcapitalisationofdatadrivenopportunities.
Improvescustomerexperience
Abettercustomerexperienceisessentialforthesuccessof theorganisation.Itisthenewbattlegroundforbrands.A singlepointincreaseincustomerexperiencescorecan resultinmillionsofdollarsofannualgrowth.
Byusingtechnology,companiesdelivermoreseamless, intuitiveexperiencesforthecustomers.Withthehelpof emailcommunicationstouserportalsanddigitalproducts, ithelpstoreachouttonewprospects.So,companiescan provideabettercustomerexperiencewiththehelpof digitaltransformation.
Derivesabetteremployeeengagementculture
OrganisationscanuseHumanCapitalManagement Softwaretoattractandretaintalent.Thissystemensures thatemployeesgetthepropercoaching,training,and supportfromtheirleadershipanddialinonareasof improvementonaper-employeebasis.
Digitaltransformationcanimprovetheoverallwork experience.Withtheapplicationoftherightsystemin place,itcanmakeanemployee'sjobmoreefficient, straightforward,andintuitive;theirjobbecomesless stressful.
Companiescansetuptheirexistingandfutureemployees bymanagingthemwithanefficient,transparent,and seamlesstechnology.Itwillenablethemtostayorganised andknowtheirneedsintheirownworkbymakingtheir outputmorevaluableandtheirtimeatthecompanyeven moreenjoyable.
Resultsinincreasedagility
Organisationscanbemoreagilewiththeuseofdigital technology.Withthehelpofsoftwaredevelopment,they canincreasetheiragility.Itassistsinenhancing speed-to-marketandadoptingContinuousImprovement (CI)strategies.Allowingfasterinnovationandadaptation whileprovidingapathwaytoimprovementalsoimproves productivity.
Last
Words
Thesedays,everybusinessisgoingonline.Digital transformationhasmadethispossible.Ithascreated entirelynewclassesofbusiness.Organisationsarealso revisitingeverythingtheydo,frominternalsystemsto customerinteractionsbothonlineandinperson.
Abettercollaborationbetweenorganisations,improved customerexperience,betteremployeeengagementculture, andincreasedagilityandproductivityarepossiblewiththis technology.Itassistsinextractingaccurateinsightsfrom datathataddstobusinessgrowth.So,businessescan prosperevenintoughconditions.
-PoojaJaipal
Future with Emerging Technologies PNT Robotics and Automation
Re-de ning the
Intoday'smodernindustries,robots aredeployedtoexecuterepetitive tasks.Therobots'overalltask performancehingesontheaccuracyof theircontrollerstotrackpredefined motions.
Theabilityofrobotstohandle unconstructed,complexenvironments, suchastheflexiblegraspingof previouslyunknownobjectsorthe assemblyofnewcomponents,is minimal.
Endowingmachineswithgreaterlevels ofintelligencetoacquireskills autonomouslyandtogeneralizeunseen situationsisagame-changerforthe modernindustrialsector.
Whatdoesthisallmeanforthefuture?
AI-enhancedroboticsisconsidereda prerequisiteforflexiblemanufacturing andlot-size-one-production.Whenpreprogrammingisunnecessaryforevery robotmotion,robotswillbecome economicallyviableforrapidly changingproductconfigurations.
AsroboticsandAutomationenable operationsefficiency,thereisan
‘‘ PNT focuses on the present and future problems, attempting to address them through robots and automation ‘‘
immensethrustinalmostallthe leadingnichestoimplementthese futuristicsolutions.
PNTRoboticsandAutomation
Solutions,aleadingcompanyinthis niche,makehumanliveseasierwith roboticsandAI.Withgreater productivity,increasedefficiency, improvedsafety,remoteaccess, increasedquality,andflexibility,the companyisfulfillingtheincreasing demandsofindustrieswithitsreliable services.
InaninterviewwithInsightsSuccess, PratikTirodkar,CEOandFounder, highlightsthejourneyofPNT,its USPs,andhisopinionsonthefutureof thecompany.
Pratik,pleaseenlightenourreaders aboutyourcompany,itsUSPs,and howitiscurrentlypositionedasa leadingbrandintheindustry. PNTRoboticsandAutomation SolutionsLLPcommencedin2020.
PNTisasisterbranchofBuildMy Projectoperationalin2016.PNTDeals mainlywithAutomationandRobotics projectsbasedonnewtechnologies.
Ourstart-upwasbornintheyear2020 whenCOVID-19wasatitspeak—with theideaofhelpingourfrontline warriors.Wardboys,nursesarethe frontlinecoronawarriorsinoursociety whotreatedCOVID-19patientsforthe mostprolongedduration.
Withanoblethoughtofhelpingthese warriors,we,'PNTSolutions,'cameout withtheideaofdevelopingarobotthat woulddispensefood,water,and medicinestoCOVID-19patientsin theirwardswithoutthenecessityofthe
AbouttheLeader
MrPratikNandanTirodkar,CEOand Founder,PNTROBOTICSandBUILD MYPROJECT
Itbeganwithinter-collegeRobotics TrainingorganisedbyMrPratikinhis collegeGovernmentPolytechnicMumbai.
Hethengottoknowhismainareaof interestisRoboticsandAutomation.He followedhispassionandstartedselling finalyearengineeringprojects;herealised itneededtohaveonewebsite;while completinghiseducation,hestartedhis firmcalledBuildMyProject.
Hehascompletedhisdiplomaandgot admissionforB.E.inBhartiVidyapeeth collegeofengineering,Kharghar. Hethenstartedworkingasafreelancerto fundhiseducation.Ashewasworkingon differenttechnologiesandprovided workshopsindifferentcollegesand corporateclients,hehasgainedtremendous knowledgeonthelatesttechnologieslike ArtificialIntelligence,MachineLearning, Robotics,etc.
In2019hehadcompletedhisdegreeand startedworkingfulltimeonhisventure. Meanwhile,hehasgotmanyoffersfrom goodcompanieslikeL&T,Emerson. However,hedecidedtofollowhisdream andmakehisventuresuccessful.
In2019whentherewasaCOVIDwavein INDIA,hecontributedbyhelpingfrontline warriorsminimisecontactwithCOVID-19 patients;hedeployedaCoro-Botthatused toserveCOVID-19patientsbydelivering foodsmedicinesandentertainingthem.
AftersuccessfullydeployingtheseRobots inTMCandKDMC,hestartedhis ROBOTICSfirmPNTROBOTICS,a companythatmanufacturesIndustrial Robotsandprovidesautomationsolutions.
Withalltheknowledgegainedin2021,we havelaunchedafullyautonomousrobot madeinIndiaandgotitsfirstinvestment fromSharkTankIndia.
Pratik
Tirodkar,
CEO and Founder
physicalpresenceofnursesandother caregivers.
Still,theproblemwasnotyetsolved becausetherewasalackofautomation androboticssolutionsinIndia.Hence, westartedworkingonourAI-based, fullyautomated Humanoid Controlled Robot, whichcanbedeployedin variousindustries,specificallywhere interactionandengagementwith peopleisessential.
WhenAIstartedtokickoff,westarted fusingitwithrobots,andthat'swhere ADOcameintoexistence. ADO – Artificially Intelligent Advertisement Humanoid Robot.
ThisisanAI-based,fullyautomated humanoidRobotwithhuman-like emotionsandgestures.ThisRobotcan marketproducts,givepresentations,
Autonavigationtodestinationsby avoidingobstaclesandguidingpeople attheairportsoranyotherarea,and actasakiosk.
Itdetectshumanfacesandcan memorizepeople,displayads,and generateproperanalyticsoftheads displayedusingAIalgorithms.Wecan usethisRobotwhereinteractionand engagementwithpeopleis quintessential.
Ourstart-upfocusesonthepresentand futureproblems,attemptingtoaddress themthroughrobotsandAutomation.
Itprimarilytacklestheproblemby decreasingtheworkforceand maintainingthehumantouchby creatingandmanufacturinghumanoid robotsforsocializingandmarketing whileconsideringCOVID-19.
Thiscanbedeployedtoother businessessuchashospitals,airports, hotels,andrestaurants.Itcanbeused forvariouspurposes,includingmask checking,socialdistancing,facial recognition,edutainment,delivery purpose,receptionist,andcaretakerto decreasecoronavirusinfectionrisk duringandafterthepandemic.
ThisRobotcanimpressyourguests anddeliverapositiveandinnovative firstimagewithup-to-dateskilled, quality,andeffectivecommunication, withefficientandaccurateinformation.
•Welcomeandengagepeopleina uniqueemotionalwaytomakea memorablefirstimpressionand satisfyvisitors.
•Deliversinformationinamore compellingwaytoImprove servicequalitytosatisfyusers.
•Providesreceptionservicesand integratedsolutionsbydeveloping aproductiverelationshipwith visitors.
•Shortentheregistrationprocess forthevisitortoreducewaiting timeandfrustrations.
•Minimizevisitorswaitingtime andfrustrationsbyshorteningthe registrationprocess.
•Optimizethewaitingtimeby providingpromotingvalue informationandservices.
•Improvethequalityofreal-time interactions.
•Understandandremember people'spreferences,interests,and perceptionstoincreasefootfallto yourphysicalplaces.
Itgivesallyourcustomeranalyticsand guaranteesthequalityandconsistency toprovideservicesunderany conditionsacrossalllocationswhile ensuringlow-costoperatives.
Whatotherproducts/solutionsdoes yourcompanyoffer,andhoware theseimpactingtheindustryand
India's Fastest Growing Start-ups to Watch
yourclients?
AtPNTRoboticsandAutomation Solutions,wehaveautonomousand manual-controlledrobotswhichhelp peopleinday-to-daylifeactivities. ThisRobotcanbepurchasedand rentedasperourcustomers' requirements.Duringthepandemic,we sold'Coro-Bots,'therobotsusedin hospitalsofKalyan-Dombivli MunicipalCorporationandThane MunicipalCorporationfornon-contact deliveryofmedicines,food,water,and otheressentialsforthepatients.
Wealsoprovidetechserviceswhere webuiltInternet-controlledrobotsfor othercompaniesconcerningapp-based industrialprocesscontroland monitoringsystemslikeAI-powered appsandvisionsystems. Wealsoprovidetrainingservicesbased onourtechnologiestobuildour products,includingRobotics,the InternetofThings,MachineLearning, andAI.
Beinganexperiencedleader,share youropinionontheimpactofthe adoptionofmoderntechnologies suchasAI,bigdata,andmachine learningontheindustryyouare cateringto,andwhatmorecouldbe expectedinthefuture?
DuetotheCOVID-19outbreak,we haverealizedthatIndiaismoving towardsRoboticsandAutomation.
Inmanyindustrieslotofworkhas beenmadeeasybydeployingAI,ML, andROBOTICSapplications.
Ineachsector,roboticapplicationscan bedeployed Evenweareplanningtolaunch intelligentRobotsinthefollowing domainstocatertotheneedfor Automation.
Anybrandwhowantsto marketthemselves
EventOrganizingCompanies
Malls
Airports
Hotels
SchoolsandColleges
RealEstate
Hospitals
Museum's
Children'sPlayAreas
PersonalUse
CorporateOffices
Theatres
25lakhsmarket
Themarketforhumanoid Robotby2025is9.2billion
Thesearethedomainswhere AI, Ml, Robotics, and Data Science playa significantrole.
Consideringthecurrentpandemic, whatchallengesdidyoufaceand howdidyoudriveyourcompanyto sustainoperationswhileensuringthe safetyofyouremployeesatthesame time?
Wewerenotpreparedforanysituation likethis,butassaid,"Everydifficulty hasasolution,wehaveneverthought wewouldmakesuchasmartrobot duringCOVIDduetoshortageof electronicspart,material,butwenever losehopeandhavesuccessfullybuilt 15Robotswithourteamefforts."–PratikTirodkar,CEOandFounder, PNT.
Tomakeithappen,wehavearranged allthefacilitiesatouroffice. (Accommodationforouron-fieldstaff, food).
Whatisyouradviceforthebudding entrepreneurswhoaspiretoventure intotheconsultancyspace?
Stayfocused,ratherthanfocusingon yourstrengths,workonyourproduct's weaknessesandthinkofsolvinga biggerproblem,
InIndia,it'stherighttimefor entrepreneurship,findyourniche,and gointhatdirection.
Howdoyouenvisionscalingyour company'soperationsandofferings in2022andbeyond?
Makemoreindustrialcontactsandby raisinginvestments.Wehaveraised investmentfrom Mr Piyush Bansal, Founder of Lenskart,andwealsogot featuredon Shark Tank India.
BycollaboratingwithpartnerslikeMr Piyush,who'salsointotechnology,we wanttobringtheRoboticsrevolution toIndia
WATT Technovations Private Limited
Solving Everyday Issues
by
Expanding Technical Horizons
Wisepeoplesaythateverycrisisbringsalong withitanin-depthlearningopportunityfor thosewhoarecuriousenoughlearningtosee thebiggerpicturewithoutlosingthefocusonthemicrolevel.
WattTechnovationsPrivateLimited,establishedby NihaalSinghAdarsh,FounderandCEO,isprecisely doingthat.Nihaalisthechiefinnovatorofthecompany.He isthemanbehindIndia'spatented,indigenous,and revolutionarytechnology- The COVTECH ventilation system.WhileinhissecondyearofEngineering,hehad developed this device tohelpthemedicalcommunityand frontlineworkersstrugglingwithdiscomfortduringthe pandemic.
Nihaal'smother,alsoadoctor,was facingsimilarproblems.Nihaalfirst developedthisdevicetosolvehis mother'sdiscomfortwhiletreatingthe patientswearingthickPPEsuits.His mother,MrsPoonamKaur,alongwith hisfather,MrSanjeetSinghAdarsh, shehasbeenapersistentsupporterof alltheinnovativesolutionsdeveloped underWattTechnovationsandgreat contributorstothecompany'ssuccess.
Thedevelopmentandresearchperiod stretchedoutforthenextfewmonths withthecreativeideainmind.The companyreceivedagrantunderthe 'NidhiPrayas'programthrough RIIDL, the incubation center,whichhelped fundthedevelopmentofthedevice. Nihaalistheinspirationforthe company'sinnovationsandsuccess.
Thedevice'sdesignkeptimprovingforthemostuserfriendlyexperience,andvariousdoctorsconductedtrialsto testtheworkingandefficiency.Theprototypeswere developedinthe Dassault Systems 3D EXPERIENCE Lab inPune.
Thedevicewaspatented,anditisclinicallytestedaswell. Theteamconsistedoftwomoremembers-Digital Marketer/GraphicDesigner–Ms.SayliBhavsar,andthe DesignEngineer,Mr.RutwikMarathe,wholargely contributedtothedevelopmentoftheproductandthe growthandsuccessofthecompany.
Nihaalfurthercommercializedthetechnology,partnered withdifferentmanufacturersinthestate,andmadethe devicereadytohelpmillionsofdoctorsandfrontline
Nihaal Singh Adarsh, Founder and CEO
workersinIndia.Healsoexportedthedevicetocountries likeThailand,thePhilippines,etc.
Nihaalconstantlyworkstocreateimpactandmaintaina healthyenvironmentwithinthecompany.Agreatwork environmentwithagreatleadermakesallthedifferencein buildingsuccessfulbusinesses.Nihaalalsopitchedhis companyontherealityshowSHARKTANKINDIAon SonyTVandonboardedfoursharksinhisentrepreneurial journey.
WhilespeakinginaninterviewwithInsightsSuccessforits editionof'India's Fastest Growing Start-ups to Watch,' Nihalsaid,"Weconstantlyworktowardsdeveloping economicalsolutionsforthecommonman,especiallyinthe medicalindustrywheredeviceshavecostmuchonthe higherend.
Buildingproductsforthecommonmantakesmuch innovationanddepththinking,andweatWatt Technovationsmakeitourprioritytofocusonthesetwo aspectsthatsetusapartfromthecompetitorsinthe industry."
Pleasebriefouraudienceabout Watt Technovations,its USPs,andhowitiscurrentlypositionedasaleading playerinthecateringindustry.
WattTechnovationsisfocusedonintelligent,innovative, tech-basedsolutionstocombatsociety'swidearrayof problems.AtWattTechnovations,webelievein'Expanding TechnicalHorizons'bydevelopinginnovativedevicesto helpprovidecreativesolutionstosolvedailylifeproblems.
Currently,thecompanyisfocusedontheCOVTECH VentilationSystem.DuringtheCOVID-19,doctors,health careprofessionals,andothercriticalserviceprovidershave becomeourmostsignificantassets.
HavingtowearthickPPEsuitsforlonghoursleadstothe developmentofenormousamountsofsweatandbacteria, causingdiscomfortandincreasedriskoffungalinfection. Thesolepurposeofcreatingthe'COVTECHVentilation System,'aPPEventilationdevice,istocomfortthe healthcareprofessionalsworkingduringtheCOVID-19 pandemicsafely.The'COVTECHVentilationSystem' compactventilationsystemforPPEkits.
Maintainingsafetyanduserexperience,thedeviceis extremelylightweightandportable,explicitlydesignedto actasanadd-oncomponenttotheexistingPPEsuitsto bringcomforttoourfront-linemedicalworkers.
WhatmakesWattTechnovationstheleaderinthisindustry istheuniquedesignthatwehavepatented,andthatmakes thedeviceextremelyergonomicandeasytouse.The
Ours is the patented, indigenous, and revolutionary technology of India- The COVTECH ventilation system ‘‘ ‘‘
patentedtechnologyensuresanedgeovertheotherplayers inthemarketwhosesolutionsarewaycostlierandheavier inweightthantheCOVTECHVentilationSystem.
Whatotherproducts/solutionsdoes Watt Technovations offer,andhowarethesemakinganimpactonthe industryandyourclients?
TheCompanyworksinvarieddomains.Oneofthe upcomingproductsisthenextversioncalledCOVTECH VentilationSystem2.0,whichcaterstothePPEsuitand hazmatsuits,medicalsuitsusedbythearmy,firesuits,used insteelplants(oxyflameareas),mining,etc.
TheCOVTECHVentilation2.0isa plug-and-play device thatcanbeusedinallkindsofsuits.Ituses thepatentedtechnologyofcompactdesign developedinthefirstversionbutalso considersvariousenvironmentalconditions outsidethesesuits,differentscenariosof usageoftheclaims,safetyaspects,etc.
Thisnewdeviceprovidesrelieftoworkers andensuresthatanyonewhoriskshislife forothersbywearingthesesuitsshallbe relievedfromdiscomfortandhealthissues.
ThecompanyisalsoworkingonSaaS ideasinitsservicedomain,targetingthe day-to-dayproblemswefaceintoday's services.Thecompany'seffortstoidentify otherissuesfacedbyprofessionalsinthe medicalindustryoranyotherindustryand theireconomicsolutionsarebeing brainstormedeverydaywithintheteamto makethempossible.
Beinganexperiencedleader,shareyouropiniononthe impactoftheadoptionofmoderntechnologiessuchas AI,bigdata,andmachinelearningontheindustryyou arecateringto,andwhatmorecouldbeexpectedinthe future?
Iamatechgeekandpayattentiontothesmallchangesand growthintechnologiesthatcreatesignificantsocietal changes.
Ibelievethatwiththeriseofportablediagnosticdevices, intelligentsensors,IoT,medicaltattoosandthumbprints, virtualreality,holographicdiagnostics,andothersuchgreat technologies,themedicalandhealthcaresectorisgoingto becomemoreandmoreefficient,easytoanalyseforthe medicalprofessionals,anddecisionscouldbemuchmore reliant,andproofbased.
TheimpactofAI,ML,andothertechnologieswillbethe mostonthehealthcaresector.Thesetechnologieswill changethewaywelookatourhealthandimpactthosewho cannotaffordsuitablemedicaltreatments.
Itisessentialtobuildproductsthataffectthecommon man'slifeinIndia.Manyupcomingtechnologicalchanges inthemedicalandhealthcaresectorshavemoreorless impactedthehighersectionsofsociety,withlittlehelpfor others.
AtWattTechnovations,weworktobuildthesetechnologies forthelowersectionsofsociety,withastrongbeliefthat
AI,ML,androboticswillprimarilyaffectpeople'slivesin ruralareasofIndiaifweimplementagreatexecution strategytousethemefficiently.
Roboticsisafieldthatcatchesmyeyeandwillalsochange themedicalindustryintheupcomingyears.Medicalrobots willperformperfectsurgeriesthatrequireconcentrated needleworkandsavelives.
Takingintoconsiderationthecurrentpandemic,what initialchallengesdidyouface,andhowdidyoudrive Watt Technovations tosustainoperationswhileensuring thesafetyofyouremployeesatthesametime? Initially,WattTechnovationswasbornduringthepandemic andforthewarriorsofthepandemic.Hencemostofthe workdonebyusintheestablishmentandgrowthofthe companydatesbacktothelockdowntime.Duringthe pandemictime,theprimaryissuewefacedwastheriskswe weretakingwhileworkingandtraveling,meeting scientists,visitingdifferentlaboratories,andtestingand commercializingtheproducttoreachthedoctorsand frontlineworkerswhentheyneededitmost.
Pandemic,however,affectedthedevice'smanufacturing,as thescale-upwasmuchslowerduetothelessernumberof workersduringthelockdowns.Wehadtofocuson
maintainingahealthyenvironmentwithintheteam continuously,especiallywhenanymemberwasfightingthe virus,whichaffectedthemoraleofothers.Apartfromthis, wehadtogrowquickly,tohelpthedoctors,andthiswasa constantpressureonustobehighlyefficientandworkhard throughoutthelockdown.
Whatwouldbeyouradvicetobuddingentrepreneurs whoaspiretoventureintothisindustry?
Iwouldadvisealltheentrepreneurstokeepworking towardstheirgoals,nomatterthecircumstances.Donotget discouragedifyoufaceanyproblemorfailurebecause entrepreneursaremadeforsolvingproblemsdayandnight. Thatiswhatmakesusdifferentfromthecrowd.Start-ups aremadeforevolvingcontinuouslyandcreatinginnovative products.
Innovatingsolutionstakegreatefforts,passion,andgrit. Tryoutdifferentsolutionsthatmakeyoucurious.Leadthe waythroughoutthechallengesbecauseyourentireteamis lookinguptoyou!
Howdoyouenvisionscaling Watt Technovations' operationsandofferingsin2022andbeyond?
WattTechnovationswillcontinuetodevelopinnovative solutionsforthemedicalcommunity.Wewillbeworking ontheCOVTECHVentilation 2.0 version,whichwould alsoopenchannelsinforeignmarkets.Wewillalsobe workingondifferentSaaS-basedideasin2022.
Atthesametime,ourmarketingteamisworkingtowards theB2Bscalingofthefirstversionofthemedicaldevice. Theoperationsteamwilltakecareofthemanufacturingof thisdevice,feedback,andothermodifications,and productionshallbeincreasedindifferentpartsofIndia.
Withmoreproductslinedup,weplantoexpandourteam horizontallytomoresoftwareengineersandyoungtalentin salesandbrandingtoscaleupquicklywithasolidin-house softwarefoundation.
WebelievethatyoungIndiahasthepassionforworkingin theirfieldsandcreatingtheimpact.Wewanttosupport youngtalentinWattTechnovationsandgrowtogether.
Inthelongrun,WattTechnovationswouldbeatech companyofferingawiderangeoftechnologicalproducts, with one of the best research and development teams to focusonthe latest scientific innovations andtheir implementationsforbuilding meaningful outcomes for the evolving society
