पाइन लैब्स का भारतीय यूनिट: राजस्व स्थिर, लेकिन FY24 में तीन गुना बढ़े नुकसान

पाइन लैब्स

नई दिल्ली स्थित मर्चेंट कॉमर्स और पेमेंट्स प्लेटफ़ॉर्म पाइन लैब्स ने वित्तीय वर्ष 2024 में अपने राजस्व में मामूली वृद्धि दर्ज की, लेकिन इस अवधि के दौरान कंपनी के घाटे में तीन गुना वृद्धि हुई। कंपनी ने FY24 में 1,317 करोड़ रुपये का परिचालन राजस्व कमाया, जो पिछले वर्ष FY23 में 1,281 करोड़ रुपये था। हालांकि, कंपनी की आमदनी में मामूली वृद्धि के बावजूद, उसके नुकसान में भारी इजाफा देखा गया।

कंपनी का परिचालन राजस्व और मुख्य स्रोत

Pine Labs के भारतीय यूनिट का मुख्य राजस्व स्रोत ट्रांजैक्शन प्रोसेसिंग और सेटलमेंट रहा, जो इसके कुल परिचालन राजस्व का 61% हिस्सा बनाता है। इस श्रेणी से FY24 में कंपनी ने 805 करोड़ रुपये कमाए, जो FY23 के मुकाबले मात्र 1.5% की वृद्धि को दर्शाता है। इसके अलावा, कंपनी ने पेट्रोलियम आउटलेट्स पर प्रदान की गई डिजिटल सेवाओं से 67 करोड़ रुपये का राजस्व अर्जित किया।

पाइन लैब्स अपने गिफ्टिंग समाधानों के लिए भी जाना जाता है, जो Qwikcilver, Pine Perks और Google Wallet के माध्यम से ग्राहकों को सेवाएं प्रदान करता है। हालांकि, इस श्रेणी से आय में FY24 में 44.5% की भारी गिरावट आई, जिससे यह घटकर 111 करोड़ रुपये रह गई।

राजस्व में गिरावट और अन्य स्रोत

कंपनी ने डिवाइस बिक्री, प्लास्टिक कार्ड और अन्य साधनों से भी आय अर्जित की, जिससे उसका कुल राजस्व FY24 में 1,384 करोड़ रुपये तक पहुंच गया, जबकि FY23 में यह आंकड़ा 1,328 करोड़ रुपये था। लेकिन इसके बावजूद, कंपनी के प्रमुख गिफ्टिंग समाधानों की आय में भारी गिरावट का सामना करना पड़ा।

बढ़ते नुकसान: प्रमुख कारण

पाइन लैब्स के नुकसान में तीन गुना वृद्धि एक महत्वपूर्ण चिंता का विषय है। कंपनी ने FY23 की तुलना में FY24 में अपने घाटे को बढ़ते हुए देखा, जो इसके परिचालन व्यय में वृद्धि और राजस्व वृद्धि में ठहराव का परिणाम हो सकता है। कंपनी के लिए सबसे बड़ी चुनौती अपने लाभ मार्जिन में सुधार करना और खर्चों को नियंत्रण में रखना होगी।

संस्थापक और कंपनी की यात्रा

पाइन लैब्स की स्थापना 1998 में रजुल गर्ग द्वारा की गई थी, जिसका मुख्य उद्देश्य व्यापारियों को डिजिटल पेमेंट समाधान प्रदान करना था। समय के साथ, कंपनी ने अपने उत्पादों और सेवाओं का विस्तार किया और आज यह भारत के सबसे प्रमुख मर्चेंट पेमेंट और गिफ्टिंग समाधान प्लेटफ़ॉर्म में से एक है।

वित्तीय प्रदर्शन और चुनौतियाँ

पाइन लैब्स के वित्तीय प्रदर्शन को देखें तो FY24 में कंपनी ने अपने परिचालन राजस्व में मामूली वृद्धि दर्ज की है, लेकिन इसकी लागत और अन्य वित्तीय चुनौतियों ने कंपनी के लाभ पर भारी दबाव डाला है। कंपनी को अपने खर्चों का प्रबंधन करने और नए राजस्व स्रोतों की पहचान करने की आवश्यकता है ताकि वह वित्तीय स्थिरता प्राप्त कर सके।

भविष्य की संभावनाएं

पाइन लैब्स के सामने आने वाली चुनौतियों के बावजूद, कंपनी के पास भविष्य में उन्नति के कई अवसर हैं। भारत में डिजिटल पेमेंट्स का क्षेत्र तेजी से बढ़ रहा है, और कंपनी इस उभरते बाजार में महत्वपूर्ण भूमिका निभा सकती है। इसके लिए पाइन लैब्स को अपने मौजूदा उत्पादों और सेवाओं को और बेहतर बनाना होगा, साथ ही नए तकनीकी समाधानों को अपनाकर ग्राहकों की बदलती मांगों को पूरा करना होगा।

कंपनी के उत्पाद और सेवाएं

पाइन लैब्स न केवल पेमेंट प्रोसेसिंग समाधान प्रदान करती है, बल्कि इसके गिफ्टिंग समाधान भी काफी लोकप्रिय हैं। Qwikcilver और Pine Perks के माध्यम से, कंपनी कॉर्पोरेट और व्यक्तिगत ग्राहकों को गिफ्ट कार्ड और वाउचर समाधान प्रदान करती है। कंपनी ने डिजिटल पेमेंट्स के क्षेत्र में अपनी उपस्थिति को और मजबूत करने के लिए लगातार नए उत्पाद और सेवाएं विकसित की हैं।

सकारात्मक और नकारात्मक पहलू

सकारात्मक पहलू: पाइन लैब्स के राजस्व में मामूली वृद्धि यह दर्शाती है कि कंपनी का व्यवसाय स्थिर है। इसके गिफ्टिंग समाधान और पेट्रोलियम आउटलेट्स में डिजिटल सेवाएं इसे अन्य प्रतिस्पर्धियों से अलग करती हैं।

नकारात्मक पहलू: कंपनी के नुकसान में भारी वृद्धि ने इसके वित्तीय स्वास्थ्य पर सवाल खड़े किए हैं। इसके अलावा, गिफ्टिंग समाधानों से आय में गिरावट से कंपनी की भविष्य की रणनीतियों पर भी असर पड़ सकता है।

निष्कर्ष

पाइन लैब्स, जो भारतीय मर्चेंट कॉमर्स और पेमेंट्स सेक्टर में एक प्रमुख खिलाड़ी है, को FY24 में कई वित्तीय चुनौतियों का सामना करना पड़ा है। हालांकि, कंपनी के पास अपनी तकनीकी क्षमताओं और विविध सेवाओं के बल पर आने वाले वर्षों में वित्तीय स्थिरता और मुनाफे की ओर बढ़ने की अपार संभावनाएं हैं। कंपनी को खर्चों पर नियंत्रण रखते हुए नए अवसरों की तलाश करनी होगी ताकि यह प्रतिस्पर्धी बाजार में अपनी स्थिति मजबूत कर सके।

Readmore : B2B पैकेजिंग समाधान प्लेटफार्म DCGpac ने FY24 में 100 करोड़ के राजस्व का लक्ष्य हासिल किया

Fairwork India Ratings 2024 रिपोर्ट :ओला, उबर और पोर्टर ने गिग वर्कर्स के लिए काम करने की स्थिति में सबसे निचला स्थान पाया

Fairwork India Ratings 2024

भारतीय प्लेटफॉर्म इकोनॉमी में काम करने वाले गिग वर्कर्स के लिए स्थिति काफी चुनौतीपूर्ण बनी हुई है। हाल ही में जारी की गई Fairwork India Ratings 2024 के अनुसार, ओला, उबर, और लॉजिस्टिक्स कंपनी पोर्टर ने गिग वर्कर्स के लिए कार्य स्थितियों में सबसे कम अंक हासिल किए हैं। यह रिपोर्ट भारतीय गिग इकोनॉमी में श्रम मानकों की कमी और इसमें सुधार की आवश्यकता को रेखांकित करती है।

According to the recently released Fairwork India Ratings 2024, Ola, Uber, and logistics company Porter have received the lowest scores in terms of working conditions for gig workers in the Indian platform economy. This report highlights the challenging situation faced by gig workers in the Indian platform economy, emphasizing the need for improvement in labor standards.

Fairwork India Ratings का उद्देश्य विभिन्न क्षेत्रों की कंपनियों में काम करने वाले गिग वर्कर्स की कार्य स्थितियों का आकलन करना है। इस रिपोर्ट में 11 प्रमुख प्लेटफॉर्म्स का मूल्यांकन किया गया, जिनमें लॉजिस्टिक्स, फूड डिलीवरी, और ट्रांसपोर्टेशन से जुड़ी कंपनियाँ शामिल हैं। इनमें अमेजन फ्लेक्स, बिगबास्केट, ब्लूस्मार्ट, Flipkart,ओला, पोर्टर, स्विगी, उबर, अर्बन कंपनी, जेप्टो और जोमाटो जैसी कंपनियों का विश्लेषण किया गया है।

इस रिपोर्ट के अनुसार, ओला, उबर, और पोर्टर ने गिग वर्कर्स के लिए सबसे खराब प्रदर्शन किया है, जबकि बिगबास्केट, स्विगी, अर्बन कंपनी और जोमाटो ने बेहतर अंक प्राप्त किए हैं। इन चार कंपनियों ने 6 अंक हासिल किए, जो कि Fairwork Index में सबसे अच्छा स्कोर है।

Fairwork India Team और रिपोर्ट का प्रकाशन

इस रिपोर्ट को अंतरराष्ट्रीय सूचना प्रौद्योगिकी संस्थान बेंगलुरु (IIIT-B) के Centre for IT and Public Policy (CITAPP) द्वारा ऑक्सफोर्ड यूनिवर्सिटी के सहयोग से प्रकाशित किया गया है। Fairwork India Team का नेतृत्व करते हुए, इस रिपोर्ट ने भारत के गिग वर्कर्स की वास्तविक स्थिति और उनके अधिकारों पर गंभीर सवाल उठाए हैं। रिपोर्ट ने स्पष्ट किया है कि कई कंपनियों में श्रम मानकों की कमी है और उन्हें तत्काल सुधार की आवश्यकता है।

गिग वर्कर्स के लिए चुनौतीपूर्ण स्थितियाँ

गिग वर्कर्स, जोकि अस्थायी या कॉन्ट्रैक्ट पर आधारित कार्य करते हैं, उनके पास अक्सर स्थायी कर्मचारियों के समान अधिकार नहीं होते। उन्हें सामान्य रूप से स्वास्थ्य लाभ, सामाजिक सुरक्षा, या अन्य प्रकार की सुरक्षा नहीं मिलती, जो एक स्थायी कर्मचारी को मिलती है। खासकर ओला, उबर, और पोर्टर जैसी कंपनियों में काम करने वाले गिग वर्कर्स के लिए यह स्थिति और भी गंभीर है।

रिपोर्ट के अनुसार सुधार की आवश्यकता

Fairwork India की रिपोर्ट में यह भी कहा गया है कि भारत की प्लेटफॉर्म इकोनॉमी में कार्यरत गिग वर्कर्स के लिए श्रम मानकों में व्यापक सुधार की आवश्यकता है। रिपोर्ट में यह सुझाव दिया गया है कि कंपनियों को गिग वर्कर्स के लिए न्यूनतम वेतन, स्वास्थ्य बीमा, और अन्य सुरक्षा उपायों की पेशकश करनी चाहिए।

रिपोर्ट के अनुसार, बिगबास्केट, स्विगी, अर्बन कंपनी, और जोमाटो ने अपने वर्कर्स के लिए बेहतर कामकाजी स्थिति प्रदान की है, जिससे इन कंपनियों को Fairwork Index में शीर्ष स्थान मिला है। इन कंपनियों ने श्रम मानकों और अधिकारों के मामले में बेहतर प्रदर्शन किया है, जिसके परिणामस्वरूप इन्हें उच्च अंक प्राप्त हुए।

कंपनियों की प्रतिक्रिया

हालांकि रिपोर्ट में उल्लेख किया गया है कि कुछ कंपनियों ने अपने गिग वर्कर्स के लिए बेहतर उपाय किए हैं, लेकिन ओला, उबर, और पोर्टर जैसे प्लेटफॉर्म्स को अपनी कार्य स्थितियों में सुधार करने की आवश्यकता है। इन कंपनियों ने अभी तक इस रिपोर्ट पर कोई आधिकारिक प्रतिक्रिया नहीं दी है, लेकिन उम्मीद है कि रिपोर्ट के बाद ये कंपनियाँ अपने गिग वर्कर्स की स्थिति सुधारने के लिए कुछ कदम उठाएंगी।

कंपनी का परिचय और संस्थापक

Ola और Uber जैसी कंपनियाँ दुनिया भर में लोकप्रिय मोबिलिटी प्लेटफॉर्म्स हैं, जो कैब सेवा प्रदान करती हैं। Ola की स्थापना 2010 में भाविश अग्रवाल और अंकित भाटी ने की थी, जबकि Uber की स्थापना 2009 में Garrett Camp और Travis Kalanick ने की थी। Porter, जो कि लॉजिस्टिक्स और ऑन-डिमांड ट्रांसपोर्ट सेवा प्रदान करता है, की स्थापना 2014 में उत्पल मट्टू, प्रणय जी, वरुण बडोला और अन्य संस्थापकों द्वारा की गई थी।

ये कंपनियाँ भारतीय और वैश्विक बाजारों में बड़े पैमाने पर काम कर रही हैं, लेकिन Fairwork India की रिपोर्ट के अनुसार, उनके श्रम मानकों में सुधार की बहुत आवश्यकता है।

कंपनी के वित्तीय विवरण

Ola, Uber, और Porter जैसी कंपनियों ने भारतीय बाजार में व्यापक निवेश किया है और बड़े पैमाने पर अपने कारोबार का विस्तार किया है। Ola और Uber की मोबिलिटी सेवाओं से संबंधित राजस्व में हाल के वर्षों में वृद्धि देखी गई है, लेकिन श्रम मानकों की अनदेखी से इन कंपनियों के संचालन पर नकारात्मक प्रभाव पड़ सकता है।

आगे की संभावनाएँ और चुनौतियाँ

Fairwork India Ratings 2024 की रिपोर्ट ने गिग वर्कर्स के लिए बेहतर कार्य स्थितियों की आवश्यकता को प्रमुखता से सामने रखा है। अगर ओला, उबर, और पोर्टर जैसी कंपनियाँ अपने श्रम मानकों में सुधार करती हैं, तो यह न केवल उनके वर्कर्स के लिए लाभकारी होगा, बल्कि उनके ब्रांड की प्रतिष्ठा और बाजार में उनकी प्रतिस्पर्धात्मकता को भी मजबूत करेगा।

भविष्य में, इन कंपनियों को अपने गिग वर्कर्स के अधिकारों की रक्षा और उनके लिए बेहतर सुरक्षा उपाय सुनिश्चित करने के लिए सक्रिय कदम उठाने की आवश्यकता होगी।

Read more:ओला इलेक्ट्रिक को उपभोक्ता अधिकारों के उल्लंघन पर मिला CCPA का नोटिस

Meet 10 unicorn With Unique Idea

India has seen a meteoric increase in the number of unicorns or privately held companies with over $1 billion valuations in the last decade. Stimulating demands can be explained by the development of entrepreneurial activity in the country, the large and largely untapped market, and a growing number of requests from investors. Below is the list consisting of the major unicorns operating in India which would help to understand the variation of the start-ups in India.

  1. Perfios
    Perfios is an established name in the fintech space which is into data aggregation and analytics. In helping the financial firms get the precise and timely insights they need, Perfios has emerged as an essential component of the nascent transformation of the financial industry. It supports top to bottom credit checking, fraud identification, and accounts management, and is an essential tool for any bank and other financial institutions.
  2. Krutrim
    Krutrim is one of the unicorns that have problem solving abilities in the area of AI. The company operates in different segments and provides AI solutions in the spheres of healthcare, finance, and retail. This means that Krutrim’s innovative technologies have provided solutions to the existing problems of organizations in improving their operational efficiency, satisfying the clients as well as encouraging innovation. The company’s seal algorithm is known for it efficiency and accuracy when dealing with large data sets making it stand out in a crowded market.
  3. InCred
    InCred is a NBFC which deals with loans and investment products for consumers and corporates. Technology is integrated in the company in an effort to streamline the loans giving process in a bid to extend the financial services to the common people. Thus a unique concept of putting customer first and being innovative have made InCred a Unicorn and a key player in the Indian financial market.
  4. Zepto
    Zepto has disrupted the Grocery delivery market in India claiming to deliver Grocery in under 10 minutes. They also pointed that the organization’s unique selling proposition is the ability to deliver groceries in less than 10 minutes, thus, meeting the increasing need of speedy services in towns. This rapid growth of Zepto along with the new customer base shows the firm’s capabilities that can make it a leader in e-commerce business.
  5. 1mg
    1mg is one of the largest digital health platforms in India where people can get online pharmacy delivery, diagnostics, and other tele consultation services. It has been a key in ensuring that health care service delivery becomes more accessible and affordable to millions of Indian populace. Due to 1mg’s innovation in its model of health care delivery, it has gained steady client base, which has played a major role in the making of the company a unicorn.
  6. Shiprocket
    Shiprocket is an e-commerce shipping & logistics solution that helps businesses of all sizes to manage their order & logistics. Shipping, tracking and returns become easier to handle with the help of platform thus facilitating sales for e-commerce companies. Mechanized and with a rich integration of connectors with numerous couriers, Shiprocket has become a popular solution for e-commerce in India.
  7. 5ire
    5ire is a sustainability innovation economy on the blockchain. The idea of the company is the use of the blockchain to the SDGs to make the process more transparent. 5ire’s systematic integration of technology together with aspects of environmental and social governance has drawn a lot of investor attention to propel the firm to unicorn status.
  8. OneCard
    OneCard is an organisation that provides a metal credit card which is available only with a mobile application and does not have joining fees. To target the customers in the digital world, the card has various features like Instant cash reward, EMI options, etc. , Smart app management. This company has created a unique approach to credit and, as their customer base proves, has become quite popular among consumers rapidly.
  9. LeadSquared
    LeadSquared is a SaaS firm specialised in offering CRM and marketing automation systems and services. It’s helps companies to organize and improve their sales processes, leads, and customers. Because of its work on sales effectiveness and the solid technology that drives it Lead Squared has already turned into a unicorn CRM market player.
  10. Purplle
    Purplle is one of the fastest growing online store that deals in beauty and personal care products from various brands. It has a simple and easy-to-use layout which adapts according to the customer’s preferences and good prices. Purplle has been following a tremendous growth path with its focus on beauty products market that is expanding in India and thus making it tougher contender in the e-commerce domain.
  11. PhysicsWallah (PW)
    PhysicsWallah (PW) is an e-learning platform that provides students studying for competitive exams with courses and study content. The affordably coupled with quality content has make the platform favorite among the students. Looking at the accomplishments of PhysicsWallah in the EdTech space can be explained by the increasing need for education in India and affordable platforms that can provide knowledge

India has seen a meteoric increase in the number of unicorns or privately held companies with over $1 billion valuations in the last decade. Stimulating demands can be explained by the development of entrepreneurial activity in the country, the large and largely untapped market, and a growing number of requests from investors. Below is the list consisting of the major unicorns operating in India which would help to understand the variation of the start-ups in India.Perfios

Summary
The Indian unicorn companies are as heterogeneous as they are in the process of constant evolution and they specifically cover the domains of fintech, e-commerce, EdTech, healthcare as well as AI. These young enterprises of India such as Perfios, Krutrim, InCred, Zepto, and 1mg are not just rewriting the business strategies but also setting new standards of innovation and consumers. Others such as Shiprocket, 5ire, OneCard, Leadsquared, Purplle, and PhysicsWallah (PW) are other emerging platforms that are expanding boundaries, and generating value in their respective sectors. Not only these unicorns are defining future of India economy they are equally contributing to the global economy.

Top 10 Active Venture Capital Firms For Startups In India

India has become one of the favorite destination for tech start-ups and new ventures are being started daily. One of the reasons for this growth is the access to venture capital (VC) funding. For the startups, venture capital firms are also important because these firms help them in terms of funding, guidance, and connections. To the entrepreneurs, the choice of a proper VC firm can be a real game changer that will determine whether they will grow their business or will barely make it. It is a list of the “Active Venture Capital Firms for Startups in India” that has been focusing on the promising sectors and providing support to the startups that have been innovative and disruptive in their approaches to the market.

Helion Venture Partners

Helion Venture Partners is one of the leading VC companies in India that has played a critical role in the development of startups. Established in 2006, Helion targets the technology-enabled companies across the fields of consumer services, education, finance, and healthcare. Its portfolio has some successful start-ups such as Make My Trip, Big Basket, Housing and so on. com. Helion not only invests in the startups but also offers mentorship and management support to the firms in order to achieve their growth objectives.

Accel Partners

Accel Partners is one of the leading venture capital firms in the world and its Indian counterpart has been no less. Accel was founded in 2000 and has been invested in India since 2008; it has backed some of the most famous Indian startups like Flipkart, Swiggy, and Freshworks. The firm’s approach is that it engages the entrepreneurs in a very close manner from the initial stages right to when they are growing. The large network of Accel across the globe is a valuable resource for Indian start-ups targeting to go global.

Blume Ventures

Blume Ventures is one of the pioneering early-stage venture capital firms in India that has been investing in technology firms and new economy business models exclusively. Blume was founded in 2010 and to date has invested in more than 150 startups including Unacademy, Dunzo, Locus, etc. Blume Ventures is known for a very active approach, providing not only funding but also guidance, logistics, and contacts to the portfolio companies.

Sequoia Capital India

Sequoia Capital India is perhaps one of the most prominent venture capital firms active in the Indian startup environment. It has backed some of the most successful ventures of the present times, such as Zomato, OYO Rooms, and BYJU’S. Sequoia follows the approach of investing at various stages of a firm’s development from the initial stage to the expansion stage. The firm possesses vast industry knowledge, a vast network of connections across the globe, and sound operational base, which makes the firm ideal to work with most of the Indian startups.

Nexus Venture Partners

Nexus Venture Partners is one of the most famous VC firms that work both in India and the United States, so it can be considered as a sort of mediator for Indian startups. The firm targets companies that are in the start-up and growth phases in fields including technology, consumer and healthcare. Major investments made by Nexus include Delhivery, Snapdeal, and Druva among others. The firm is particularly noted for its focus on innovation and the support of young companies in the context of various challenges.

Inventus India

Inventus India is a Venture Capital Firm that invests in early stage technology companies. Inventus was founded in 2008 and has been instrumental to the success of many Indian startups such as PolicyBazaar, Power2SME and Sokrati. The investment strategy of the firm is anchored on identifying and backing exceptional entrepreneurs with a view of creating value added and sustainable enterprises. Industry knowledge and the large network that Inventus India offers is a great advantage when it comes to supporting the startups.

IDG Ventures

Chiratae Ventures earlier known as IDG Ventures is one of the leading venture capital firms in India majorly focusing on early and growth stage start-ups. The firm has invested in more than 80 companies and few of them are Myntra, FirstCry and Manthan etc. IDG Ventures has a sector focus in sectors including consumer technology, health care and fintech. The firm offers capital investment support, as well as business planning, management, and internationalization.

Eight Roads Ventures India

Eight Roads is a world-class venture capital company that has a strong focus on India. Some of the areas of specialization are healthcare, technology and consumer services. Some of the Indian innovative startups that are funded by Eight Roads are Shadowfax, Pharmeasy and BankBazaar. The firm is well recognized for the long-term partnership model which not only offers capital but also business advice, implementation help and connections to a vast array of professionals worldwide.

Naspers

Naspers is a global consumer Internet company and one of the world’s leading technology investors. In India, Naspers has been very active investing in startups in different industries such as e-commerce, fintech, and food delivery space. Its major funded companies are Swiggy, PayU, and Byju’s. Naspers has been associated with value-added investments and the capacity to assist startups grow and expand by using Naspers’ worldwide assets and knowledge of the industry.

Steadview Capital

Steadview Capital is an experienced and innovative investment company that focuses on public and private equity markets and companies. In India, some of the successful investments that Steadview has made are Ola, Nykaa and Zomato among others. Investment approach of the firm is long term and is aimed at creating value for the firm. Steadview Capital has its roots in extensive research, which enables startups to gain a solid ground and grow big.

Conclusion

The Top 10 Active Venture Capital Firms for Startups in India have been instrumental in setting up the current startup environment in the country. Apart from capital these firms offer a resource that is critical to startups, namely, capital, expertise and market connections. In this ever shifting Indian startup ecosystem, these venture capital firms will continue to stay ahead facilitating the dreams of the startup founders into reality.

How I Build My Startup – From a Idea to Reality

Starting up a startup can be exciting as well challenging journey. It takes a versatile medley of creativity, strategic thinking, hard work and some fortune. This is my journey as a founder, how I went about starting up and what was it that got me where we are today. Wondering “How I start my startup”? Keep reading for an in-depth look and actionable takeaways.

Retention and Market Research
The 1st step when starting a startup: Find an extremely good idea to fix The Main Issue. My first inkling was finding a hole in the market for me. I found that even though there is an influx of digital tools… small businesses are still facing issues when it comes to getting better project results. It was after this realisation that the thought behind creating a coherent project management system kicked. I started with the idea and did research on that market. This phase included identifying my “customer persona”, researching competitors, and validating the problem space. Market research is key to determine whether your idea has any legs, and how best to position the product.

Business Plan and Strategy
Having a proven idea, the next logical step was to create a business plan. A good business plan details your business objectives, target market, revenue model and marketing strategy as well providing financial projections. It is a blueprint for your startup and required to raise funding or partnerships. I worked for months, fine-tuning my business plan to ensure it was thorough and feasible. It not only served as mentor when I was starting my venture but also during pitching to potential investors and partners.

Building the Team
Bad startup I was lucky to meet great guys who believed in my idea and took the risk with me. A team-building process involves the search for people who have the proper skill set and a common interest in working on this project. We were shaping the role around ours strengths. I was product dev and strategy while my co-founders had marketing, finance & ops. This is how its division of labor made sure every part related to a startup was being handled properly.

Product Development
Having A Solid Team, We Shifted To Build The Product. In this stage, we designed ,coded and tested the project management platform. Listening to customer feedback and constructive criticism, we had developed our products using an agile development methodology. Our original goal was just to build a minimum viable product (MVP) An MVP provides an opportunity for a product with basic features to be introduced into the market in order to check its viability. It also gives you the chance to get user feedback and make changes if needed before going on a large scale.

Legal and financial concerns
This is also controlled situation legally and financially, when starting a startup We set up our operations in accordance with local laws. We also got a business bank account and an accounting system in place to ensure we managed our financial aspect of the business effectively. Seek legal and financial help to build a legally right setup steel startup. Good documentation and managing finances is essential to avoid those above mentioned traps.

Marketing and Launch
So once the product was ready, we built a marketing plan to get press as well as users. For our marketing plan, we included stuff like; Digital – social media campaigns and content partnerships. And we used our network to get traction as well. It was a noteworthy day, the launch day. We hosted a big virtual event inviting potential users, investors and media. Our response was reassuring and pushed us harder.

Scaling and Growth
After the launch, we were trying to scale this startup. It included further perfecting the product, developing our team and growing user base. We tracked key performance indicators (KPIs) to monitor our progress and be objective about data-driven decision making. The most important thing in scaling is winning further funding. We presented our startup to many investors emphasizing some of the key milestones and growth opportunities. The effort paid off, and we raised our first round of funding allowing us to expand on what we had set out to do.

Conclusion
It is difficult to start a startup. It takes someone who has a vision and sticks to it, planning his steps like clockwork. Looking back on my journey, I can with certitude say: that the answer to “how do i start up” is in knowing your market. finding a team and product fit for it. communicating then value proposition effectively. Today, our organization is a monument to us setting up wards for so long. We have raised substantial funding, which has given us the means to grow our operations along with developing of new things. From having the question: how I start my startup in your mind, to remembering that each and every phase from Ideation to scale is a learning curve moving you closer towards all of them.

How I start my Startup?

A Comprehensive Guide to Starting a Startup in India [problem-solving topic]

The Indian startup ecosystem has experienced tremendous growth over the past two decades, with over 1,000 new tech startups emerging in 2022 alone. According to the Ministry of Commerce & Industry, India had more than 65,000 startups as of March 2022, ranking third globally in both the overall number of startups and the number of unicorns. To foster this burgeoning startup culture and strengthen the economy, the Indian government has implemented various supportive measures and schemes. If you have a transformative idea, here’s a comprehensive guide on how to start a startup in India.

#Understand Deeply
Uniqueness: Your startup idea should be unique and stand out from existing companies. This uniqueness is vital for attracting consumers and investors in the early stages.
Demand: Assess the demand for your product. If your target audience is small or your product doesn’t solve a specific problem, your startup may struggle to survive in the market.
Scalability: Determine your long-term business goals and scalability. Whether aiming for rapid growth or steady progress, having clear goals from the beginning is essential.
NOW Understand 8 Steps to Start a Company?
. Check Feasibility: Ensure your business idea is scalable and addresses a market gap. Validate your idea through market research, identifying your unique selling point, seeking professional advice, and conducting market surveys.

2. Create a Business Plan: Develop a comprehensive business plan that includes:

  1. Company description
  2. Market size and scalability
  3. Business model
  4. Operational plan
  5. Strategies and oportunities
  6. Marketing plan
  7. Business structure and management
  8. Financial framework

3. Choose a Business Structure: Select a suitable business structure based on factors such as control, investment needs, taxation, investor attraction, reputation, and privacy.

4. Secure Funding: Explore different types of investments:

  • Angel Investors: Similar to venture capitalists but often provide mentorship and guidance.
    • Venture Capital: Investors provide funding in exchange for equity, profiting if the company goes public or is acquired.
  • Crowdfunding: Gather funds from multiple investors worldwide.

5. Register Your Startup: Professional help, such as an accountant, can streamline the registration process. Sole proprietorships or partnerships can often be registered more quickly.

6. Utilize Government Schemes: Enroll in schemes like the Startup India Program for investment exposure and tax benefits. Register with the Department for Promotion of Industy and Internal Trade (DPIIT) for trademarking your patents and logo.

7. Build an Online Presence: Effective marketing is crucial for growth. Use social media platforms to gain digital exposure and build customer trust globally. Understanding platform algorithms and content creation can help you manage marketing personally.

8. Establish a Good Workspace: Invest in a flexible and well-equipped workspace. A good office environment impress clients and provides employees with the necesary tools to perfom effectively.

Auther Note : These All steps and considering key factors like uniqueness, demand, and scalability, you can build a successful startup. With government support and the right approach, your startup can contribute to the robust growth of the Indian economy. Whether you’re just starting or looking to expand, this guide can help you navigate the challenges and make the most of the resources available.

best of luck Entrepreneurs
Rishiraj Sharma
Founder: FundingRaised Media

FirstCry IPO Set for August 6-8, Targeting $2.9-3 Billion Valuation

BrainBees Solutions Ltd, FirstCry’s parent company, will launch its IPO from August 6 to 8, seeking a $2.9-3 billion valuation. The IPO includes a fresh issue of shares worth Rs 1,666 crore and an offer for sale of 54.39 million shares. Major shareholders SoftBank, Mahindra & Mahindra, and Premji Invest will sell stakes. FirstCry’s FY24 revenue rose to Rs 6,481 crore with losses reduced by 34%.