The Startup Journal - Indian Startup Stories, News, Resources, Interviews http://www.thestartupjournal.com Wed, 01 Oct 2014 17:26:37 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 Making A Killer Investor Pitch [Startup Infographics] http://www.thestartupjournal.com/crafting-a-killer-investor-pitch/ http://www.thestartupjournal.com/crafting-a-killer-investor-pitch/#comments Wed, 01 Oct 2014 17:02:05 +0000 http://www.thestartupjournal.com/?p=1107 Every startup and entrepreneur try to fund raise at some point of their life and most of them fail to do so. Approaching an investor for funding is something that is considered as a big hurdle. Are you working on your next elevator pitch? This info-graphic will show you how to craft the perfect and […]

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Every startup and entrepreneur try to fund raise at some point of their life and most of them fail to do so. Approaching an investor for funding is something that is considered as a big hurdle. Are you working on your next elevator pitch? This info-graphic will show you how to craft the perfect and killer elevator pitch for your startup.

How To Make A Killer Pitch

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Medstar – Your Online Monthly Medical Store http://www.thestartupjournal.com/medstar-monthly-medical-store/ http://www.thestartupjournal.com/medstar-monthly-medical-store/#comments Tue, 30 Sep 2014 07:50:05 +0000 http://www.thestartupjournal.com/?p=1031 The major concern today with India’s relentlessly growing population is the unfortunate lifestyle diseases rigorously trying to keep up with the growth of the populace. If the direness of this situation wasn’t enough already, the complexity increases tenfold by the fact that these diseases are chronic in nature. The following statistics according to WHO Global […]

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Medstar - Your Monthly Online Medical Store

The major concern today with India’s relentlessly growing population is the unfortunate lifestyle diseases rigorously trying to keep up with the growth of the populace. If the direness of this situation wasn’t enough already, the complexity increases tenfold by the fact that these diseases are chronic in nature. The following statistics according to WHO Global Burden of Disease, 2010 makes evident the seriousness of the situation:

  • Cardiac – 50 million patients
  • Diabetes – 63 million patients
  • Cancer – 1.2 million new cases every year
  • Stroke – 0.9 million cases every year
  • Renal – 175,000 transplants required

Not only are these ailments tough to live with but they can never be fully cured. They can only be controlled.

Medicines are the primary and the only mechanism that can help control chronic diseases and that is why patients need to follow a strict regime when it comes to medication intake. Due to the severity of these conditions, the number of medications a patient requires is always in the plurals.

Replenishing the medicine supply on a daily basis is time consuming and so is constantly visiting the pharmacy. A patient’s condition could worsen at any time, and sometimes it might be too late. A stocked-up supply is a must and this is where an online pharmacy comes to the rescue.

Buying Medicines Online

Approaching the online medical world with a triple treat, Medstar.in offers the convenience of doorstep delivery of genuine medicines at discounted prices in and around Hyderabad. This online pharmacy was founded with the purpose of helping people who are in regular need of medications.

While almost 30% of drugs in the market today are unfortunately tampered with, Medstar -guarantees the supply of 100% genuine medicines only. An authentic batch number accompanies each and every receipt of the medicines delivered to its customers. A discount of 15% can be availed on most of the branded products and the discount can even go up to 30% for the specialty items, surgical as well as generic products. The shipping of all products is done free of cost.

Medstar’s online pharmacy boasts of a wide range of medicines from all popular brands of pharmacy, surgical, disposables, anti-cancer and general healthcare products by Indian and International companies under one roof. Their medical warehouse is manned by certified and qualified pharmacists who process every order placed with utmost care and compliance, leaving room for no errors.

Licensed from the State Drug Control Administration, Medstar also offers value added services such as free SMS reminders, blood pressure and sugar level checking to its customers.

Founder and CEO, Mr. Chandrakiran Mallarapu, began pursuing his entrepreneurial interests in the field of mail-order pharmacies which resulted in Medstar. This healthcare company, focusing on chronic disease management, raised its seed funding from Angaros Group, a Singapore based operating holding company and a leading provider of advisory, capital and consulting services to early stage companies worldwide.

Medstar has now set its sight on acquiring 10,000 paying customers by the fiscal year-end of 2015.

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Constraint Innovation 101 – Lesson For Startups From Mangalyaan http://www.thestartupjournal.com/constraint-innovation-101-lesson-startups-mangalyaan/ http://www.thestartupjournal.com/constraint-innovation-101-lesson-startups-mangalyaan/#comments Sun, 28 Sep 2014 05:24:04 +0000 http://www.thestartupjournal.com/?p=1007 The 24th of September, 2014 was a red letter day (Pun intended) for every Indian. The Indian mission to Mars, Mangalyaan pulled itself into orbit into the Martian atmosphere. That day, India became the envy of the scientific world. This was a mission that was expected to fail from the start. Of about 51 mars […]

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The 24th of September, 2014 was a red letter day (Pun intended) for every Indian. The Indian mission to Mars, Mangalyaan pulled itself into orbit into the Martian atmosphere. That day, India became the envy of the scientific world. This was a mission that was expected to fail from the start. Of about 51 mars missions launched so far across the world only 20 have been a success. China’s Mars program in partnership with Russia ended in failure when the rocket splashed into the Pacific Ocean. Japan tried and failed in the late 90’s. In contrast India’s first mission is a success. But in the midst of all this hue and cry an important lesson has been lost. A lesson that the torch bearers of India’s tomorrow, its entrepreneurs (if you had any doubts) could do well to learn.

Mangalayaan And Entrepreneurship

As a startup evangelist the first thing that stuck me with the Mangalyaan mission was the way ISRO bootstrapped the whole mission from the beginning. To me ISRO is in many ways a start up. Consider the annual funding NASA receives, $17 Billion for the last fiscal. Contrast this with ISROs budget of a little over $1 Billion. You get the idea. Further it is staffed by people with dreams and visions of achieving the moon, literally as any other startup .ISRO by virtue of being a science and technology undertaking cannot act or behave like any other beefy, profligate Indian government department. It has to innovate to stay relevant.

And it did. It followed the principles of Bootstrapping and Minimum Viable product that every entrepreneur should follow.

Bootstrapping:

This is the most relevant aspect of constraint innovation. Every entrepreneur bootstraps to avoid cash burn. But bootstrapping does not necessarily mean cutting corners. In an interview to Forbes, Kopillil Radhakrishnan, Chairman of ISRO said

 “ISRO’s general philosophy is cost effectiveness. The Russians look for robustness and the Americans go after optimization. Our aim at ISRO was how do we get to Mars on a budget.”

In addition it cut costs by re-engineering. The launch vehicle used was first developed first in 1970 and has gone numerous refurbishing and re-gigging to be used in its current GSLV rockets. Focus was put into adopting strategies for reducing fuel conception. To put this in perspective; the whole mission cost about IRs. 450 crores and the travel distance from Earth to Mars orbit is 650 million kilometers. This roughly translates to about Rs. 6 per kilometer, an amount that is lesser than what it costs to take an auto rickshaw.

Costs overruns were kept down by being schedule driven. The whole project planning phase took just 15 months. Scientists put in 20 hour work days during the launch period like any typical startup team. Testing was done mainly using Computer system and only one model was ever built, keeping costs low. By reusing building blocks from across various systems like the Moon mission, Astronomy mission and other future missions like the Aditya. They refused to reinvent the wheel.

India’s low cost wage structure, which makes it the darling of the IT outsourcing industry also helped. In fact by positioning it as a low cost destination for High end scientific engineering, India can beat China’s workshop model.

Minimum Viable Product:

To compare Mangalyaan budget of $75 Million against NASA’a Maven, which cost a whopping $671 Million is an injustice. Maven is a much more advanced craft with technologies beyond the scope of Mangalyaan and mission parameters more advanced that what ISRO has sketched out. But that’s the whole beauty about building an MVP. Play to your strengths and get a product that has bare minimum essentials out into the market to test it out. ISRO did just that.

Mangalyaan carries just five scientific instruments and focuses on mainly measuring the methane gas in the atmosphere. On the contrary Maven weights nearly twice as much and carries a whole host of scientific instruments that map Mars and search for carbon life forms. This increases the size of the required launch vehicle and in return increases fuel consumption adding to high costs. On the other hand, ISRO had never wanted to play the “I am First” game. Instead they rely only on self reliance and indigenous application of space technology and particular about the research and purpose of their product. They barely ever consider exploration.

Rapid Prototyping is a must for any bootstrapped product and ISRO followed these principles to a T. They followed a modular approach to building the Satellite and it has helped Mr. Radhakirshnan says

“For every successive launch, we have taken the base of our previous, proven launch technology, modified and built on it. Here, we had to add the cryo to the previous module as we needed higher engine power. We used the same modular tactic with our payload as well. The modular approach gave us cost and schedule advantages.”

Once again following schedule bound time lines and focusing on short term deliverable that startups follow ISRO was able to come up with a nifty Mangalyan which is nothing but a proof of concept for its future capabilities.

Mangalyan is not a one off scenarios where ISRO has made use of constraint innovation. The 2008 Chandrayaan Moon Mission was 1/10th the cost of what other nations mission would cost. ISRO has made constraint innovation a daily part of its life. Western Space research agencies have no incentive to think about constraint innovation. But for a country like India, naysayers advocate that even this meager cost of scientific advancement could have been used to feed its huge population below the poverty line. But Indias space program is not a waste of money or resources as many people deem.

Even The Economist, in its coverage while blaming the Indian government of sinful spending, acknowledged that numerous Indian weather satellites were responsible for tracking the cyclone Phailin and saving countless lives. Sometimes, entrepreneurs too face this dilemma. They are accused of wasting time, pursuing their dreams instead of following the crowd. The ones who fall for this kind of pessimistic talk fall into the rat race and are lost for eternity. The once who brush aside criticism and pursue their dreams are the ones history remembers.

The way I see it, there is no specific formula for startup success. But by adopting methodologies and principles that can reduce your cash burn and time to market, an entrepreneur can increase the life span of his product or service. ISRO did just that. It had a single shot at the heavens and it took it. So should all the other entrepreneurs.

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CommonFloor.com Raises $30 Million Series E Funding From Tiger Global http://www.thestartupjournal.com/commonfloor-com-raises-30-million-series-e-funding-tiger-global/ http://www.thestartupjournal.com/commonfloor-com-raises-30-million-series-e-funding-tiger-global/#comments Thu, 25 Sep 2014 02:58:45 +0000 http://www.thestartupjournal.com/?p=1001 Bangalore bases real estate and apartment management portal CommonFloor.com has raised $30 million (approx. 181 crore) series E funding from its existing investor Tiger Global Management Llc. This is the biggest round of investment for the company. The company raised Rs. 64 crores in January from Tiger Global and Accel India this year. With the […]

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CommonFloor Raises $30 Million Series E Funding From Tiger Global

Bangalore bases real estate and apartment management portal CommonFloor.com has raised $30 million (approx. 181 crore) series E funding from its existing investor Tiger Global Management Llc. This is the biggest round of investment for the company.

The company raised Rs. 64 crores in January from Tiger Global and Accel India this year. With the latest round of funding the total investment sums up to $50 million. With more than 2,00,000 visitors everyday CommonFloor.com has witnessed a 100% increase in traffic, 125% jump in live listings and added over 25,000 communities in the last two quarters. The portal has more than 4 lakh active listing of properties.

Commenting on the Funding, Sumit Jain, Co- founder and CEO of CommonFloor.com said, “We empower people to realize their property dreams. This investment will support the team’s vision to think out of the box, innovate and lead the online real-estate sector in its journey to further enhance user experience. We have more than doubled our revenues and traffic and the funding will further accelerate our growth plans. This round of funding will be used to invest further in our product and technology that will enhance customer experience. The company will continue to strategically scale-up its marketing and operations across the 18 cities where it’s currently present and expand to 22 new markets in India.”

“India’s online real-estate sector has been expanding rapidly as Internet access grows, especially through mobile. CommonFloor.com has carefully mapped the needs of the online-based real estate ecosystem and has forged a clear path toward future growth. We are pleased to continue to partner with them” said Lee Fixel, Partner at Tiger Global Management.

CommonFloor was founded by Sumit Jain, Lalit Mangal and Vikas Malpani in 2007 which combines property search, apartment management and vendor management and caters to a person’s complete residential requirements. The company now has more than 900 employees in its workspace.

Recommended Reading: [Exclusive] Quintessential Online Tools For A Successful Dream Home Hunt by Sumit Jain, Co-Founder, CommonFloor.com

 

 

 

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Naughty Strands – Helping Women Get Dressed, In Style http://www.thestartupjournal.com/naughty-strands-helping-women-get-dressed-style/ http://www.thestartupjournal.com/naughty-strands-helping-women-get-dressed-style/#comments Mon, 15 Sep 2014 07:26:53 +0000 http://www.thestartupjournal.com/?p=985 Young entrepreneurs are starting up in areas unheard of. For instance, fashion segment which was once considered the domain of women is slowly giving way to men. And betting big on this shift is Bhuvan Bansal, who has founded Naughty Strands. Sharing the concept of business, Bansal says, “Fashion conscious women want clothes that fit […]

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Naughty Strands - Helping Women Get Dressed, In Style

Young entrepreneurs are starting up in areas unheard of. For instance, fashion segment which was once considered the domain of women is slowly giving way to men. And betting big on this shift is Bhuvan Bansal, who has founded Naughty Strands.

Sharing the concept of business, Bansal says, “Fashion conscious women want clothes that fit them well and they want a good deal of variety. I found a huge gap in terms of fast fashion which was not available in India time at affordable prices. So there was Zara, Mango which cost Rs 2,500 or more, then Chemistry was in the range of Rs 1200-1300.But if you are looking for something like Zara in the Rs 900-1000 price point, there was nothing. The Rs 900-1000 price point is what Indian women normally prefer buying things for regular wear and there was a gap there. Nothing was available in that space, either online or offline.”

Bhuvan has completed his graduation and is pursuing his post-graduation course in MBA.  What he believes is formal training and education in specialized domain is not required in a particular discipline to startup, if you are chasing your passion. He has not undergone training in design or fashion. The first challenge he encountered was convincing family members of his dream venture, but he was surprised to find that they were actually quite supportive. He says, “motivation and strong desire to follow your dreams make anyone to take up entrepreneurship”.

Based in Chandigarh, the company started in August 2013. Today the startup has a team of 8 people managing affairs, and most of the team members like its customers are under the age of 30. “It is a very hungry and dynamic team. There are pros and cons with the team, but there is so much to do and go to the next level that they all have enough things to deal with. All our products are hand tailored and delivered to any part of India within a week. As of now we are selling only through the online portal.” says Bansal.

A bootstrapped success

Being bootstrapped and showing significant growth is a sign of a good company. And a good company is a sign of a knowledgeable entrepreneur. Bansal says, “We’ve spent a lot of money in the backend of the business, like our supply chain, logistics and our delivery system. We source fabrics from local mills and import mainly from China. We’ve got our local courier partners and we’re known for our quick delivery. We use Blue Dart primarily for all our courier needs ascertaining that the customer receives the product in stipulated time. A lot of this money, is reinvested in bettering the business, he adds. Most of the marketing is mainly word of mouth.”

Bhuvan concludes by saying, “I’m not trying to take on the Myntras and the Flipkarts of the world, because we can’t. If you want to enter a dense market, you’ve got to enter with a different model. That’s what we did and it’s working for us.” He shared that the Naughty Strands is looking to raise their first round of funding in the near future for their expansion plans.

 

 

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FreeCharge Raises $33 Miilion Series B Funding From Existing Investor Sequoia Capital And Others http://www.thestartupjournal.com/freecharge-raises-33-miilion-series-b-funding-from-existing-investor-sequoia-capital-and-others/ http://www.thestartupjournal.com/freecharge-raises-33-miilion-series-b-funding-from-existing-investor-sequoia-capital-and-others/#comments Tue, 02 Sep 2014 04:16:07 +0000 http://www.thestartupjournal.com/?p=963 FreeCharge.in, India’s leading online mobile, DTH recharge company has raised 33 million USD in its series B funding. The investors for the fresh round includes existing investor Sequoia Capital along with  Belgium bases Sofina and Russia based RuNet investment firms. FreeCharge was founded in 2010 by Kunal Shah, Sandeep Tandon and Alok Goel which gives […]

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FreeCharge Raises $33 Million In Series B Funding

FreeCharge.in, India’s leading online mobile, DTH recharge company has raised 33 million USD in its series B funding. The investors for the fresh round includes existing investor Sequoia Capital along with  Belgium bases Sofina and Russia based RuNet investment firms.

FreeCharge was founded in 2010 by Kunal Shah, Sandeep Tandon and Alok Goel which gives free coupons for each recharge done through the website. These coupons are delivered through e-mail, mobile phone which can be redeemed at various foods, entertainment, clothing stores like Dominos, KFC, Flipkart, Amazon, eBay etc.. The company has more than 10 milliion registered user base.

Alok Goel, CEO of FreeCharge said “’FreeCharge wants to be an offline-to-online bridge in a unique manner.” He also added that 70 of the FreeCharge transactions comes from mobile platforms and the company is growing more than 400 percent per year.

FreeCharge raised INR 20 crore in its series A funding back in January 2012 from Sequoia Capital and have grown with high rate in these last 2 years.

“Freecharge is one of the most exciting companies in our Indian portfolio with a highly innovative business model that has global appeal and scalability. We are happy to participate in the new round to support the new initiatives the company has embarked upon. The team has done an awesome job to position Freecharge among the leaders of the mobile recharge/payment and data analysis market in India and we believe the new round will help the company to grow even faster,” said Galina Chifina, investment officer at ru-Net.

 

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i-lend.in – India’s First Online Peer-To-Peer Lending Platform http://www.thestartupjournal.com/i-lend-in-indian-online-peer-to-peer-lending-platform-connecting-borrowers-and-investors/ http://www.thestartupjournal.com/i-lend-in-indian-online-peer-to-peer-lending-platform-connecting-borrowers-and-investors/#comments Mon, 01 Sep 2014 18:08:09 +0000 http://www.thestartupjournal.com/?p=950 www.i-lend.in is an innovative startup in the financial space in India and is likely to be a game changer in the largely conservative, regulation driven financial products market in India. In a sector dominated by banks and large NBFCs, www.i-lend.in ’s disruptive capability is attracting interest in this sector which has seen little or no […]

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www.i-lend.in India's Peer-To-Peer Investment Portal

www.i-lend.in is an innovative startup in the financial space in India and is likely to be a game changer in the largely conservative, regulation driven financial products market in India. In a sector dominated by banks and large NBFCs, www.i-lend.in ’s disruptive capability is attracting interest in this sector which has seen little or no innovation since the advent of micro-finance.

i-lend is a marketplace for peer-to-peer loans and seeks to match people who need money with people who have surplus money. This way i-lend eliminates the middleman, in this case, banks or NBFCs who raise money at a cost and lend it at a higher price thereby making money on the arbitrage. This arbitrage or the spread that the banks and NBFCs charge can be passed on to borrowers in terms of lower interest rates and the lenders get a much better return on their investment by lending directly to borrowers than on conventional financial products like savings banks and FDs.

Although www.i-lend.in works as a marketplace, it provides several value added services to both the borrowers and lenders. For the borrowers, it verifies their credentials, calculates their disposable incomes and matches with their loan repayment capability, performs full KYC of the borrowers and helps them build a credit story for themselves on i-lend.  For lenders, i-lend performs all the necessary due diligence on the borrowers. It gives them an analysis of the repayment the borrowers can safely make by calculating their income to expenditure ratio, performs physical residence and work place verification and subsequently facilitates full documentation and loan management for lenders which includes cheque deposit services, back-end MIS etc.

In India, majority of the people even in the urban space are not included financially. In other words they do not have access to credit or money at a moderate and reasonable interest rate. With banks and NBFCs becoming very careful on unsecured lending, the only option these people have is to approach moneylenders who charge anywhere between 36% to 55%, throwing these people into a potential debt trap. It is this segment that i-lend is targeting, the salaried and professionally employed who do not have access to credit at moderate rates. The market size for these loans is huge with banks alone disbursing personal loans over Rs.3 Lakh Crore last year.

The risks are the same as in any unsecured lending but i-lend advises its lenders to spread their money over multiple borrowers thereby mitigating their risks. i-lend also has a stringent verification process which exceeds that of most banks and NBFCs in addition to constant monitoring of the borrowers repayments. This helps in mitigating the risk and in the event of a default i-lend assists the lender in taking legal action for recovery of the said amount.

i-lend intends to unlock a portion of the surplus money of individuals and build a business from it which has the potential to disrupt the Indian financial sector. Founded by Shankar and Niti Gupta, i-lend has received one round of early stage funding from Angaros Group – A Singapore based company. i-lend has piloted this model in Hyderabad. i-lend is planning on a launch in other cities in the next couple of months.

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[Exclusive] Quintessential Online Tools For A Successful Dream Home Hunt by Sumit Jain, Co-Founder, CommonFloor.com http://www.thestartupjournal.com/quintessential-online-tools-for-dream-home-hunt-by-sumit-jain-commonfloor-com/ http://www.thestartupjournal.com/quintessential-online-tools-for-dream-home-hunt-by-sumit-jain-commonfloor-com/#comments Sat, 30 Aug 2014 16:10:54 +0000 http://www.thestartupjournal.com/?p=928 This article has been authored by Mr. Sumit Jain, Co-Founder & CEO of CommonFloor.com exclusively for The Startup Journal Despite the evolution of the real estate landscape in India, finding the right property in accordance with several parameters like livability, connectivity, proximity to one’s work place, value for money, returns on investment among others continues […]

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This article has been authored by Mr. Sumit Jain, Co-Founder & CEO of CommonFloor.com exclusively for The Startup Journal

Despite the evolution of the real estate landscape in India, finding the right property in accordance with several parameters like livability, connectivity, proximity to one’s work place, value for money, returns on investment among others continues to be a daunting task.

On one hand the massive increase in real estate activity (fueled by spectacular returns on real estate investments in the early and mid-2000s) has resulted in mind boggling choices for the property seekers today while on the other hand instances of fraud, lack of transparency continue to make the property search experience a nightmare.

Both issues can however be addressed with the apt use of online real estate tools. The online real estate space has today evolved to the extent of literally becoming the eyes and ears of any property seekers. It would therefore not be wrong to conclude that any property seeker is doing grave injustice to his/her property search by not deploying the right set of online real estate tools available at his/her disposal.

As per CommonFloor.com research, a first time property purchase takes place over a period of one year. This is time from when a decision to look out for a property is taken to the time when the property is eventually purchased. Relying purely on offline tools like personal visits, word of mouth recommendations for one’s search for such a long time frame can be extremely hard, taxing, demotivating and counter-productive.

Property Life Cycle

Further, matters do not end at purchase of the property itself. A whole new set of requirements surface while settling into a new home. Any property for that matter has five distinct states associated with it.

1)     Search: This is the stage where the property seeker is focused on gathering as many options matching his/her requirement.

2)      Research: This is the stage where the seeker extensively pursues details pertaining to location, livability, proximity to basic amenities, return on investment to zero in the final property for purchase.

3)      Management: Once a purchase is made, as mentioned earlier moving and settling into a property has different set of areas to be addressed. This could range from finding the right parking to onboarding reliable domestic help to locating workmen for repairs to zeroing in on the right childcare or school.

4)      Renting out: as one progresses in life, renting out property is the next stage in a property’s existence.

5)      Sale: Sale is the last stage of the property cycle. This is the stage where the owner looks at optimizing returns on his investment.

Efficacy of Online tools

There are many online tools are available for assistance at each stage of the property cycle today.

Tools for Search

Search: The online real estate space today spoils consumers for choice. We for instance on our www.commonfloor.com website offer our users over 4 lakh listings from 120 cities Pan India. A listing doesn’t just intimate a user about an available property but provides complete details pertaining to house type (flat/independent etc), furnishing state, flooring, owner, parking availability, possession along with images.

Tools for Research

As discussed earlier, property buying involves considering a huge range of parameters. Over and above examining a property against important set criteria first time property seekers often require themselves to be educated on complex property related issues. Today the online space is sufficient equipped to help all property seekers (especially the nervous newbies) with all these aspects. Consider some of the online tools available at a property seeker’s disposal

(A)   Map search: Itoffers seekers following

  • Map view of a property: exact understanding of where a property is located in a given area

Map Search

  • Map view of projects along with listings in them: number of properties available for rent, lease or sale within a given gated community

Map View

  • Ability to see listings/projects not just in a given locality but around a landmark within a given radius: provides a panoramic view of all housing projects in an area thus broadening his/her options

Panaromic View

  • Proximity to schools, hospitals, parks, departmental stores, medical shops

proximity

  • Directions from a given location to a particular project

Direction

(B)   Sky view through Drone Technology: vicinity of the property is an extremely crucial aspect that is considered while going about one’s property search. A seeker’s dream property needs to be ideal in terms of the perfect view and proximity to all important amenities (health care, departmental stores, petrol pump, eateries etc.). Keeping precisely these changing parameters of property selection in mind, the online space offers users a sky view of a properties under construction.  When property projects are marketed, seldom are details pertaining to the immediate vicinity shared. Brochures tend to not mention closeness of a project to graveyards or garbage dumps. With this feature, one can save great amount of time by choosing not to visit the wrong place.  Users can get an aerial view of the property and its surrounding area without having to visit the location in person. Today Phantom drones are used to click the images of these properties and its immediate vicinity. Images so clicked are then woven together to provide users with a 360 degree view of the location. These drones are set at a height of about 180 meters, keeping in mind the top floor of the under-construction building.

(C)    Virtual Tour: Gone are the days when property seekers would be handed over the blueprints of the under-construction properties, leaving them with no other choice but to envision the end result of the property by themselves in their minds. Today the online space offers users a ‘Virtual Tour’ feature by which property seekers can now see a 3D model/virtual view of any given flat or housing unit. The features that makes use of latest visualization software takes details from the same floor plan along with inputs pertaining height of the room to create a 3D room to room view for users. The primary objective of this feature is to provide property seekers with a 360 degree view of the rooms, right from wall to wall and ceiling to floor. The feature helps users to get a good feel of the property in terms of space, lighting and ambience. On the www.commonfloor.com website all that the user has to do is click on the camera icon displayed on the floor plan view on the side of the screen and rotate it for the 360 degree view.

Virtual Tour Virtual Tours

The virtual tour feature offered by CommonFloor.com can be tried by clicking on http://blog.commonfloor.com/vtour/indraprastha_ruhe/3bhk/tour.html

(D)   Locality Reviews: Online real estate portals also function as a forum for residents. At CommonFloor.com by virtue of our CommonFloor Groups offering (Apartment Management Software), we offer our users real time information and insights on existing projects and localities. Property seekers can benefit from a huge array of in-depth authentic locality & project reviews from current residents.

(E)    Augmented Realty: The online space offers seekers the ‘augmented realty’ feature in form of a mobile app. This feature that lets a user find relevant properties in the direction in which he points his phone. The properties shown are at a maximum distance of 2.5 km. from the user. This is very useful when one is on the road searching for a property.

1)      Research articles: Property seeker often find that the lack understanding on property issues. Educating oneself using online resources could not get any simpler in today’s day and age. The online real estate space offers property seekers thousands of research articles on real estate issues ranging from soft topics like Vastu to hard core subjects like completion certificate and project funding

Tools for Management

When it comes property management and settling into a new home, the online real estate space offers nothing less than ERP Level tools.

Apartment management tools today allow residents to (a) Voice concerns and bring important issues to the attention of other residents and the RWA (b) Track the status of an issue online anywhere anytime on the go (c) Use the payment gateway (d) Access the repository of home service vendors like carpenters, architects, plumbers (d) Buy, sell or rent belongings within the community (e) Find and reach out to neighbours with common interests

RWAs are able to manage accounts, Delegate activities, Set reminders, Send notices, Send messages via sms & email, Monitor complaints, manage parking, Keep track of vacant houses, Collect dues and generate receipts.

Tools for renting out and sale

The online space also offers vast national level reach to find the right buyer or tenant. On average about 20 million Indian are searching for property online. So at any given point of time roughly 2% of the nation’s population is looking for property online.

In a nutshell understanding the use of online real estate tools and their timely deployment is necessary to be successful and effective in landing one’s dream home

The post [Exclusive] Quintessential Online Tools For A Successful Dream Home Hunt by Sumit Jain, Co-Founder, CommonFloor.com appeared first on The Startup Journal - Indian Startup Stories, News, Resources, Interviews.

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How Hard Is It To Get A Job At Google? [Startup Infographics] http://www.thestartupjournal.com/how-hard-it-is-to-get-a-job-at-google-startup-infographics/ http://www.thestartupjournal.com/how-hard-it-is-to-get-a-job-at-google-startup-infographics/#comments Sat, 23 Aug 2014 18:15:09 +0000 http://www.thestartupjournal.com/?p=923 Everyone knows that Google is the search giant and hires the best possible candidates for the company. Many of us dreamed about working at Google. But what does it take to get a job at Google? How hard it is to be selected for it? Does your college percentage or high qualification really matters when […]

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Everyone knows that Google is the search giant and hires the best possible candidates for the company. Many of us dreamed about working at Google. But what does it take to get a job at Google? How hard it is to be selected for it?

Does your college percentage or high qualification really matters when applying for the search giant?

Did you know?

It takes an average of 37 days to complete an interview process at Google  with about 5 interviews?

How Hard It Is To Get A Job At Google

How Hard It Is To Get A Job At Google

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Jack Of All Threads – India’s First Crowdfunding Platform For T-Shirts http://www.thestartupjournal.com/jack-of-all-threads-indias-first-crowdfunding-platform-for-t-shirts/ http://www.thestartupjournal.com/jack-of-all-threads-indias-first-crowdfunding-platform-for-t-shirts/#comments Tue, 19 Aug 2014 07:57:45 +0000 http://www.thestartupjournal.com/?p=908 Jack of all Threads is India’s first platform to crowdfund t-shirts.  JoaT makes it super-easy for absolutely anyone to make money by designing and selling t-shirts online, 100% free of cost, using the power of crowdfunding technology. Raisers design their t-shirts in minutes using JoaT’s online Designer and set their own selling price. JoaT handles […]

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Jack Of All Threads – India’s First Crowdfunding Platform For T-Shirts

Jack of all Threads is India’s first platform to crowdfund t-shirts.  JoaT makes it super-easy for absolutely anyone to make money by designing and selling t-shirts online, 100% free of cost, using the power of crowdfunding technology.

Raisers design their t-shirts in minutes using JoaT’s online Designer and set their own selling price. JoaT handles the production, distribution, payment collection and customer support and transfers the profits to the Raiser. Best part, the Raiser pays NOTHING– all costs are transferred to the buyers.

Founders, Jack Of All Threads

Founders, Jack Of All Threads

Founded by four young minds Yash Vardhan Kanoi, Pratibha Nair, Akash Datta and Apoorvaa Agarwal, the startup is based on Bangalore. It was started 2 years back in July 2012, while all of the founders were still in college. Two of them were studying in Bangalore and two in Singapore.

They started with regular bulk t-shirt printing for colleges. Very soon after the startup took a social spin and allowed all buyers to donate an extra few rupees per t-shirt to a cause. JoaT would match their donation, the total amount would go to the cause, and the buyers would get a special symbol of recognition printed on their t-shirt corner.

The idea of the crowdfunding platform came in nearly 2 years ago when JoaT was began trying to help social causes. The founders wanted to print t-shirts for animal welfare, but didn’t know how many people would want it, and were afraid to hold stock ourselves. They initially thought to simply try this via Facebook photos. Many months and much experience later, the startup is helping others deal with the same setback, and with a slightly more sophisticated solution.

The name itself sounds interesting and while asked about the story behind the name the founders share,

“JoaT has been started by students (at that time) who were sick of sitting in classes where they studied just one field. We all had diverse interests and weren’t quite ready to settle for a single label. Jack of all Threads is a private joke to showcase our true culture.”

Recommended Read: Fundlined – Crowdfunding Platform For Bringing Ideas To Reality

The founders have dropped all other plans of the future and are giving their 100 percent to the startup.  They are constantly improving the technology to make the platform more accessible and very profitable for individuals and communities.

 

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