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Online Companies are Focusing on Unit Economics, Customers: Report

22Jun By Press Trust of IndiaNo Comments

ANALYSIS

Online Companies are Focusing on Unit Economics, Customers: Report

E-Retailers Focusing on turning unit economics positive and customer retention as opposed to the prior focus on gross merchandise value, a recent report said. "We believe this may be a function of limited availability of capital, leading companies to focus on cash generation. Post government regulations that curtailed discounts, companies seem to have done away with the same; most discounts being seen online are being offered by sellers or brands themselves," a study by Kotak Institutional Equities said. Gross merchandise value is the total sales value of goods sold through a marketplace. Most companies surveyed are also evaluating other revenue streams such as advertising and online content to better leverage their platform, it added. Customer retention, recall and loy...

Indian Chai Stirred Into Silicon Valley Coffee Culture

29May By AnkitaNo Comments

Story

Indian Chai Stirred Into Silicon Valley Coffee Culture

San Francisco (AFP) - In a Silicon Valley culture known for brilliant ideas boiling up in coffee shops, Gaurav Chawla is pouring his heart into chai. Chawla was on a break from his job as an engineering manager at San Francisco-based cloud-computing star Salesforce when he began lamenting how tough it was to find a cup of chai as good as he makes it at home. That frustration, and echoed complaints by other natives of India, where the blend of spiced tea and simmered milk is woven into daily lifestyles, prompted him to start tinkering. "I took a rice cooker apart and reconfigured it to make chai," Chawla told AFP. "It made good chai, and I realized this process could be automated." While his background is in software engineering, Chawla went to work developing a chai machine as simple t...

Indian Companies To Pay $4,000 More For H-1B Visa Fee

27May By Press Trust of IndiaNo Comments

News

Indian Companies To Pay $4,000 More For H-1B Visa Fee

Flagship Indian IT companies would have to pay at least an additional USD 4,000 for every H-1B visa application under the new regulations that came into effect last December, according to details published on Friday by a federal US agency. And those applying for L-1 visa petitions would have to pay USD 4,500 more than other US companies under the new law, which would be in effect till September 30, 2025. The H-1B visa is designed to allow US employers to recruit and employ foreign professionals in speciality occupations within the US while L-1 visas are available to employees of an international company with offices in both the US and abroad. Indian IT firms - which have to incur an additional burden of about USD 400 million annually - have called it "discriminatory", with Prime M...

How Wittyfeed, a 100% Bootstraped Company Makes a 10,000 Sq ft Swanky Office

27May By NitishNo Comments

Story

How Wittyfeed, a 100% Bootstraped Company Makes a 10,000 Sq ft Swanky Office

With more than 400 million page views and 100 million unique readers every month we happen to be talking about world's second largest viral content company- WittyFeed. Wittyfeed has grown huge only a span of 1.5 years and all of this is huge because of a great team, acclaimed Vinay Singhal, Co-founder, CEO of Wittyfeed. Their numbers speak for themselves and so does this huge office they will be conquered on the 26th of May. Yes, in every startup journey there comes a point where they expand. But it usually is a result of a huge round of funding. But not in the case of Wittyfeed. They are 100% bootstrapped till date and this is giving a lot of its competitors sleepless nights. Their journey of 3 Co-founders from a hostel dormitory with one idea to change the world now has let them to...

CEOs Think Good Talents Go For Companies With Social Values

16May By Press Trust of IndiaNo Comments

ANALYSIS

CEOs Think Good Talents Go For Companies With Social Values

CEOs increasingly believe that the best talent will only join and stay with organisations that have strong values and are focused on benefiting society, according to a survey. "About 67 per cent of CEOs think that in five years, rather than going for the biggest pay cheque, talent will prefer to work for organisations with social values that match their own and they are making changes to their talent strategy accordingly," PwCs 19th Annual Global CEO survey reveals. PwC interviewed 1,409 CEOs in 83 countries for this survey. "We have been increasingly seeing a trend among Indian workforce where the purpose behind their roles and the contribution they make to society, is becoming important. They are willing to make trade-offs against pay for this aspect," PwC India Leader - Peo...

A Coolie Son Launched Unmanned Shop, Where You Can Purchased Product & Pay Later

11Apr By NitishNo Comments

Story

A Coolie Son Launched Unmanned Shop, Where You Can Purchased Product & Pay Later

Company ID FRESH FOOD (INDIA) PVT. LTD. Value Proposition High-quality, 100% natural, fresh,ready-to-cook food Revenue Rs 100 Crores Funding Rs 3 crores (approx. $450,000) from Sequoia in 2013 Rs 35 crores (approx. $5.2 million) from Helion Ventures Team Size 800 Customer Base Sells products in 8 cities across two countries Growth 10X every four years; More than 60% growth in 2015 Founder and CEO Musthafa PC iD Fresh Food, the ready-to-eat food company founded by IIM-B al...

Interactive Screens: The Future of Packaging

9Apr By NitishNo Comments

Story

Interactive Screens: The Future of Packaging

What if you could interact with your package's label, instead of reading it? A team of scientists has developed a new way of attaching electronic screens to paper-based packaging that will be able to display simple messages to the customers. The University of Sheffield scientists collaborated with technology company Novalia to create a new way of displaying information on packaging, a move that could revolutionise the packaging industry. This technology could be used in greetings cards or products where a customer could receive a simple message. More complex developments could include a countdown timer on the side of a packet to indicate when a timed product was ready, such as hair-dye, pregnancy tests or home-baking using a 'traffic lights' system. The team explained how a screen...

Yahoo Inc Officially Launched The Sale of Its Core Business

20Feb By reutersNo Comments

News

Yahoo Inc Officially Launched The Sale of Its Core Business

Yahoo Inc officially launched the sale of its core business on Friday, a move seen as a positive step for frustrated investors but not enough to keep an activist hedge fund from pursuing a proxy fight against the struggling Internet company. Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late last year, showed the company was moving another step closer to selling its core business, which includes search, mail and news sites, rather than spin it off as previously planned. The move follows more than t...

Tired of Useless Meetings? 9 Ways to Make Them More Effective. (Infographic)

11Dec By PriyankaNo Comments

News

Tired of Useless Meetings? 9 Ways to Make Them More Effective. (Infographic)

Meetings. What a drag they can be. They go longer than they’re supposed to. Someone blabs out of turn or off topic. Your mind drifts to tasks you could be checking off instead of sitting there, stuck. Then come the action items and, tag, you’re it. Your to-do list just got longer. Sound familiar? Sure does to us. But, believe it or not, not all meetings are total timesucks and not all meetings are boring. Some run like clockwork. With an attendee nip here and an agenda tuck there, they can be much more efficient, productive and, if you’re lucky, even a little fun. From holding walk-and-talks outside in the fresh air, to scheduling start times like a Swiss train conductor (we kid you not), here are nine clever ways to have more effective meetings, care of the meeting makers at CT Busi...

The Top 10 Companies to Work for in 2016

9Dec By AdityaNo Comments

Story

The Top 10 Companies to Work for in 2016

If you are a business owner, providing perks for your employees is a great way to boost morale and increase productivity. Perks like health insurance (visit this website for more information) and paid sick days are vital to keep your employees happy. If you are a small business then you obviously can't provide massive perks like multi-billion dollar businesses are about to. Every year jobs and career site Glassdoor publishes the 10 best large companies to work for, as ranked by employees. Typically, it's not hard to predict who will make the list. Benefit-happy tech companies like Facebook, LinkedIn and Twitter are safe bets. Case in point: Last year, Google nabbed the top spot. This year, however, Google's place on the throne has been usurped by a dark horse candidate. In fact, in t...

4Dec By No Comments

BLOGS

Don’t Forget Your Failures

There is a lot of emphasis on succeeding. And whether we buy the hype or not, we all want to succeed, especially if you consider success as "it works out the way I want it to." You know it feels good in the gut and in the heart because it worked out. So failing by that definition is that it didn’t work out the way you wanted it to. And [failing] is what we don’t usually get a lot of preparation for. She's right. But there's this, too: Failure is far from the only thing that entrepreneurs and business leaders don't get a lot of preparation for. When you're running a venture at breakneck speed, it's hard to pause even for a few hours or a few days, let alone reflect on what's happened in the recent past—for good or ill. And while most of us know that looking blindly toward the future with...

3Dec By AdityaNo Comments

Story

Lenskart Office – A Place of Lens

Lenskart is India's fastest growing eyewear company founded by Peyush Bansal in November 2010. With a unique brick and mortar presence, Lenskart today offers over 10,000 different styles and high quality prescription eyeglasses, sunglasses and contact lens to fit all pocket sizes. Lenskart has grown more than 200% year on year in the last 2 years, to be among the top 3 optical businesses in India today. Lenskart currently has over 100 stores across more than 66 cities in the country with delivery in over 100 cities. (more…)