Month: August 2022

Categories
Startup

5 Indian Startups To Join The Elite Unicorn Club In 2022

5 Indian Startups To Join The Elite Unicorn Club In 2022
5 Indian Startups To Join The Elite Unicorn Club In 2022

Summary: Seven months into 2022 and India has already added 19 new unicorns.

While 2021 was a blockbuster year for unicorns, the year 2022 has started just on the right track. Just seven months into the year, India has seen 19 startups that have entered the elite unicorn club. The total count of Indian tech startups to enter the unicorn club stands at 105.

Let’s take a look at the number of startups that have made it to the club:

1. FRACTAL

Founded in 2000 by a five-member team, Fractal is an AI and advanced solutions startup. The core team of Fractal is an IIM Ahmedabad alumni- Pranay Agrawal and Srikanth Velamakanni along with Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy.

Its latest round of funding made it the first entrant into the unicorn club in 2022. Fractal has raised a total of $685 Mn funding  over 5 rounds. The Private Equity round saw $360 Mn raised from TPG Capital Asia and secondary share purchases from funds advised by Apax Partners.

This startup of India has also raised $100 Mn from the Malaysian sovereign fund Khazanah in 2016. The 21-year-old startup provides artificial intelligence and advanced analytics solutions to Fortune 500 companies. Fractal Analytics is among a handful of companies that have taken over two decades to enter the unicorn club.

2. LEAD

By raising $ 100 Mn in a round led by WestBridge Capital and GSV, LEAD School has raised a total of $166 Mn in funding over 5 rounds. Founded by Sumeet Mehta and Smita Deorah in 2012, this Mumbai-based startup was the first Ed-tech startup to enter the Indian unicorn club in 2022.

In 2021, edtech startups raised over $4.7 Bn to emerge as the third-most funded Indian startup sector 2021, with only eCommerce ($10.7 Bn) and fintech sectors ($8 Bn) attracting more investment.

This edtech startup of India enables schools to combine technology, curriculum, and pedagogy into an integrated teaching and learning system. It is the country’s sixth edtech unicorn after BYJU’s, Unacademy, Eruditas, UpGrad, and Vedantu. LEAD claims to have more than 5,000 schools from across 500 Indian cities on board, serving more than 2 Mn students across the country.

3. DEALSHARE

2022 saw this Bengaluru-based startup Dealshare entering the unicorn club at a valuation of $1.62 Bn. The Bengaluru-based social commerce startup raised $165 Mn in a Series E funding round. The round saw participation from existing investors, Tiger Global and Alpha Wave Incubation, alongside new investors, Kora Investment, DF International Partners, and Twenty Nine Capital Partners. The segment’s biggest milestone last year was Meesho’s entry into the unicorn club.

DealShare was founded by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar in September 2018. Targeting the middle-class population, enables first-time internet users to shop online. The startup’s gross revenue has increased by 10X over the last year with an ARR of $750 Mn for FY22. It sells grocery and household essential products through social media and messenger platforms like WhatsApp.

4. LIVSPACE

With its series F round, Livspace became the sixth unicorn of the year. The Bengaluru-based startup raised $180 Mn from American investment giant KKR & Co, Jungle Ventures, Swedish retail giant Ikea, Venturi Partners, and Peugeot Investments.

Founded by Anuj Shrivastav and Ramkant Sharma in 2014, Livspace is a home renovation and interior platform. It provides an end-to-end home design experience. The startup’s online marketplace also offers software tools that can help designers and homeowners design interiors. Livspace has raised close to $450 Mn across 10 funding rounds. It has raised $90 Mn in a series D round, led by Switzerland-based investment firm Kharis Capital and consumer space-focused Venturi Partners.

5. XPRESSBEES

With its Series F funding round led by private equity funds Blackstone Growth, ChrysCapital, and TPG Growth; the Pune-based startup Xpressbees is the latest entrant to the Indian unicorn club of 2022. The round also saw participation from existing investors Investcorp and Norwest Venture Partners, thus helping the startup’s valuation soar close to $1.2 Bn. With this investment, Xpressbees total funding has touched $500 Mn.

Every successful business was once just an idea. It is determination, persistence, passion, and grit that turn imagination into a reality. If you too have a business idea, don’t hold yourself back! Work towards it with professional guidance from the experts.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer exclusive Foundation courses, specialized courses, and value-added courses. Join our Business Coaching Program that will help you to gain deep insights into the business world. To know more, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Process & Business Expansion

5 Management Tips That Will Make Entrepreneurs Highly Productive!

5 Management Tips That Will Make Entrepreneurs Highly Productive!
5 Management Tips That Will Make Entrepreneurs Highly Productive!

Summary: Being able to launch, execute, grow and scale a startup business is an intellectual exercise that involves a lot of backstage activities and incredible time management.

Entrepreneurship is a state of mind that demands many personal and professional traits. Scaling a business is an intellectual exercise that involves networking, planning, research, marketing, sales, business strategy, and several related activities.

As a result, entrepreneurs have to juggle multiple tasks like attending events, meeting investors, taking care of business operations, hopping on calls and being extra careful with every decision for their business endeavor. All this can lead to a critical state of burnout- a situation of complete mental and physical exhaustion.

Experienced freelancers, business coaches, entrepreneurs, and successful business owners manage to finish their tasks on time because of their perfect time management skills. Time management techniques and strategies help them to prioritize their important tasks on a daily basis.

Time management is a process of organizing; planning and strategically controlling the time you spend on specific tasks. When done effectively, it enables you to get more work done in less time.

Here are the top 5 time management tips for entrepreneurs to increase their peak performance and productivity:

1. Find Your Golden Time

Are you an early bird, a night owl, or somewhere in between? Do you know during what time of the day you feel you are most productive? Time management is not just about managing 24 hours a day. It is also about understanding how and when you function best. You can schedule your most important tasks according to your productive window of time and set up your day in harmony.

2. Use Covey Time Management Matrix

Created by the author of The Seven Habits of Highly Effective People- Steven Covey, this time management model is quite effective and used by many business coaches across the world. This model is based on four simple quadrants:

  1.   Urgent and important tasks
  2.   Not urgent, but important tasks
  3.   Urgent but no important tasks
  4.   Not urgent and not important tasks

Divide all your tasks into the above-mentioned four quadrants. Manage things in quadrant one first, followed by the second, third, and so on. Prioritizing your tasks this way can be extremely helpful if you are juggling multiple things at the same time. You can also watch some of the best time management techniques, right here:

3. Plan Your Days or Weeks in Advance

Planning out your days for the week ahead is a brilliant way to organize your time efficiently. You can keep a diary or use a calendar app and write down the tasks with high priority. You can start with tasks that have upcoming deadlines, followed by less urgent tasks. Also, don’t forget to squeeze in your breaks and buffers to keep you focused and refreshed.

4. Focus on One Thing!

If there is one myth that needs to be busted across the globe, it has to be the concept of MULTITASKING. Yes! A human brain can only handle doing one thing at a time. So, if you try to do more than one thing, you will end up constantly switching your focus and taking even more time to complete both tasks.

Hence, focus your attention on one task at a time and stay on course till you finish it. Once it is finished you can move on to the next task.

5. Remove Distractions

Many times we start doing one task and our phone beeps! Instead of ignoring it, most of us check the screen and then forget about the task that we were doing. Even if a deadline is looming, we would try hard to finish one task, but it just does not happen.

So the first step that you should take towards managing your time efficiently is to remove distractions. Figure out what distracts you the most. Is it employees chattering around you or the notifications coming on your phone? Once you find out your triggers, you can take action to eradicate them.

From turning your internet off to putting your phone on airplane mode, chances are that you already know how to help yourself drown out background noise to focus on only what is important.

Also, don`t forget to take a rest even when you have countless things to do. It is very easy to let your business take over your entire life, but you also need to take care of yourself. If you let your physical and mental health slide, you won’t be able to perform your best.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more about these courses, visit: www.badabusiness.com

Categories
Motivational

Top 4 Mindset Milestones Every Entrepreneur Should Reach For Success!

How entrepreneurs can attain the perfect mindset for business
How entrepreneurs can attain the perfect mindset for business

Summary: Having a proper business mindset is required for starting any venture. But what exactly is a “proper business mindset?” Find out in this article.

We all have heard about the expression that your thoughts greatly shape you as the individual you are in the current moment. Our thoughts have a great impact on our personality and our life.

If you listen to or follow any business coach for entrepreneurs, you must have come across a common recommendation for developing a proper business mindset. Many successful leaders often emphasize the importance of the right mindset and how developing it can be beneficial for personal and professional growth.

But, what exactly is a “proper business mindset?”

In simple words, it represents a certain way of thinking that implements various growth strategies, people skills, and approaches to challenges and situations that together help you move forward with your initial plan. It not only helps in professional situations but also in personal life. So, it’s only natural to implement a success-oriented mindset into the field of entrepreneurship.

Here are the top four mindset milestones for entrepreneurs that will make the whole journey far more successful, wise, and even a bit fun:

1. Quit the Mindset that You Will Make it the First time

Many entrepreneurs often expect success out of their business ideas. Having trust in your ideas and confidence in your caliber is something that is an essential entrepreneurial trait. However, if you do not look at the failures along the journey as a normal process, then they can hit you hard if it happens.

This may lead to discouragement, discontent, and a decrease in your self-confidence, and recovering from that one will be quite challenging. Ask any business coach and he or she will suggest that instead of expecting success on the first try, keep your mind open and be ready for any type of scenario. Always, remember to view failures as an incredible source of learning mistakes.

2. Hire a Team of Professionals

As your business will start evolving, you would certainly need support. That’s when the hiring process takes place. Many young entrepreneurs often lack the confidence to hire professionals. So, they end up hiring less experienced people with doubtful work ethics. Recruiting the wrong talent can prove to be detrimental to your business in its early stages. So, always ensure that you hire the right people for the right job.

3. Invest, Invest, Invest

Starting a startup is like investing for a lifetime. If you thought that the initial investment is the only investment that would need to be made, you are greatly mistaken. Maybe your business will become a hit with your target audience and your revenue will start growing. But, before booking yourself an exotic international destination, stop for a second. A business is like a child. It will require constant investment, funds, energy, and time. Accept the fact that you need to reinvest a huge portion of your profit back into the business.

4. Adhere to Business Fundamentals, but Stay Open to New Approaches  

The business world can be incredibly dynamic with lots of trends and distinct approaches. Staying abreast with the new and familiar with the old-school business techniques is crucial for any business to stay relevant in this ever-changing world. We all may have certain preferred methods of work but we should also pay attention to new organizational trends, and be flexible and ready to embrace changes.

There are various business leaders to whom a business mindset comes naturally. However, the majority of us will probably need to further educate ourselves on the best practices and try to implement them in our growth strategies for our business. Having a startup business has many bright sides and it constantly keeps on teaching you how to rise to the next level of growth and self-development.

So, with these simple ways, you can start working upon yourself to develop a proper mindset for your business. You can also follow Dr. Vivek Bindra- the best motivational speaker in India to get business tips for your startup.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

To know more about our business courses, visit: www.badabusiness.com

Categories
Motivational

5 Simple Ways To Monetize Your Instagram Account!

5 Simple Ways To Monetize Your Instagram Account!
5 Simple Ways To Monetize Your Instagram Account!

Summary: Instagram is much more than a picture-posting platform. And with the right knowledge and tools, you can earn money too! Want to know how? Find out in this article.

Instagram, which simply began as a photo-sharing app, today has evolved into a powerful marketing platform. Thanks to thousands of brands and influencers, businesses can reach a wider target audience. It has more than a billion active users per month. Approximately 60% of the users turn to Instagram to discover new products, and around 80% of them follow a brand which gives entrepreneurs a golden opportunity to establish their name.

If you are an entrepreneur and are looking to build a brand image, with the right knowledge and tools, you can grow your followers and earn money too. There are many business coaching programs online to learn Instagram marketing, which you can join to gain in-depth knowledge.

Here are five proven ways that will help you to make money on Instagram with a decent number of followers:

1. Sponsored Posts

These days’ brands use influencer marketing to promote their products because it is more effective. This is because people trust word-of-mouth recommendations more than the brands themselves. Consumers look for referrals from their peers when trying to make a purchase decision.

Brands understand the needs of their consumers and hence, turn to influencers to promote their products rather than doing it themselves on their profiles. If you have a decent number of followers, you can start earning as an influencer. Brands focus more on the engagement rate than on increasing the number of followers. Thus, have more in-person interactions with your followers as it attracts more brands.

2. Affiliate Marketing

Sponsored products are not the only way to make some money on Instagram. Working as an affiliate can also help you monetize your account. Every time your follower purchases a product that you recommend in your account, you earn money. They can use a promo code or they can purchase the item by clicking on the affiliate link. The brand tracks the number of sales completed through your recommendation in your profile and pays a commission in return.

You can start by researching the brands that you will prefer to affiliate with, fill out a request form, and if approved, start promoting their products on your account.

3. Sell Your Own Digital & Physical Products

Many Instagrammers make money by selling their digital products. The good news is that Instagram focuses on visual things. Users often visit this platform to get inspiration and discover new products. So, as long as your products have a strong visual appeal you can sell your products on Instagram. Want to learn more about Instagram marketing? You can join the business coaching program; a specially designed program for entrepreneurs by Dr. Vivek Bindra.

4. Become a Brand Ambassador

The high level of influencer marketing on Instagram makes it an ideal place to seek brand ambassadors. Though sponsored posts are common on Instagram, some brands prefer establishing long-term partnerships with influencers. They use them to endorse their products as their brand ambassadors.

Therefore, you can seek opportunities for collaboration with big brands on Instagram to promote their products too. The company will send you their free products to review and promote on your account.

5. Offer Social Media Marketing Services

Today, social media marketing is playing a key role in brands’ marketing strategies because of its strong sales potential. They use these platforms to endorse their products, services, and brand because they can easily find their target audience on these networks.

The competition is growing every day; hence it’s not easy for brands to run ads or post engaging content on Instagram. However, it’s easy to create great content with professional assistance and that’s what they are doing with influencers.

By using the strategies that we have mentioned above, you can simply start monetizing your account in no time. You can also join online coaching programs for entrepreneurs that will help you to understand digital marketing, different platforms, and its wide scope to reach your target customers.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Business motivation Startup

7 Low-Cost Business Ideas You Can Start From Home Today!

7 Low-Cost Business Ideas You Can Start From Home Today!
7 Low-Cost Business Ideas You Can Start From Home Today!

Summary: Start a home-based business with minimum funding. Here are 7 business ideas.

Are you looking to launch your own business, but don’t know where to start? Just relax. You are not alone. Today, many people want to start a business on their own, and for good reasons. On an average, people have two-three careers during their work-life. Also, with the great resignation in full swing, many are looking to become their boss or small business owner by turning their startup business idea into a reality.

If you want to become your own boss, then we have good news! Starting a home-based business is super easy and without risk. You can start it with zero to minimum investment and determination to be successful. Here is a list of seven startup business ideas that you can start right from home:

1. Accountant

Apart from the qualification, little experience, training, or licensing may be needed. Before starting you need to list out what are the services you are willing to offer. Do you simply want to do bookkeeping for small businesses or do you want to be more involved with services like maintaining balance sheets, income statements, or financial reports on a monthly, quarterly, or annual basis?

To start and grow your business, you can listen to the best motivational speaker Dr. Vivek Bindra here;

2. Business Plan Service

Think you are good at creating excellent business plans that constitute scaling? Well, then you can offer a soup-to-nuts business plan to various entrepreneurs who are looking to develop a business plan for their startups. Plan your fee around that one main factor that the client will want and offer others as add-on services. You can either give your clients an e-file or you can keep the business plan on file and offer to customise it whenever necessary. Prepare some samples to show your clients as well.

3. Party Planner for Children

From children to adults, everybody likes to party and celebrate their special moments uniquely. The children’s birthday party has become a million-dollar company as millennial parents don’t shy away from spending when it comes to making their children’s birthday special. If you listen to Dr. Vivek Bindra- the best motivational speaker in India & business coach to various large organisations and corporate sectors you will gain in-depth knowledge about starting your own business from the scratch.

4. Consultant

To become a consultant, you need to have expertise in something. Market yourself as an advisor to people who are looking to work in that area. For instance, if you have a good knowledge of digital marketing, you can become a consultant to a business that is looking to establish its presence online. With the expertise and experience that you have gained throughout the years, you can help others do similar things without repeating the same mistakes that you made along the way.

5. Editorial Services

If you have a knack for writing and editing, you can provide freelancing writing and editorial services right from your home. All you need to have is a good internet connection and a working laptop. Here is a list of services that you can offer to your clients:

a). Copyeditor- From checking facts to fixing grammatical, stylistic, and typographical errors, copyediting involves everything.

b). Proofreading- The last stop when a writing piece is finished. A proofreader ensures that all the changes have been implemented and no new errors are created in the process.

c). Ghost Writing- You can offer your services as a ghostwriter in which you will have to conduct all the research and write the book. However, someone else’s name would be attached to it as the author.

d). Copywriting- As a copywriter you will produce copies or taglines that promote a product or a service.

6. Event Planning

Love planning things out for your friends and family? You can become an event planner. One of the first things you are required to do is to visit the client’s location. Tour each site and learn what is available at each location that you can use to create an unforgettable event. You can speak to the client once you start planning things out to understand their expectations and requirements along with the key parameters that you need to work upon.

7. Interior Decorator

If you have done a professional course in interior designing then you can pursue your interest by looking for clients in your network. But if you have a natural talent to give even the smallest space an amazing makeover, you can start your business right from the comfort of your home. To get clients, you can market your services to building contractors. People purchasing new homes often find the process of decorating and organising overwhelming. So, you can take away their worries by offering your expert advice on decorating their interiors.

We are living in a world where people want to be their own boss and starting a startup business is the best way! So, why not try the business ideas that we have mentioned above? They are easy, risk-free, and require minimum investment. Which business idea do you like the most? Let us know in the comment section.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialised courses, and value-added courses.

To know more, visit:  www.badabusiness.com