How a small-town boy with Rs 12k built a Rs 200 Cr turnover business, landed Amazon, Google, Adidas, PepsiCo as clients

#success #startups #startupstories #furniture #interiors

Tushar Mittal started his interiors business SKV (Studiokon Ventures Private Limited) in Gurugram in 2009 with minimal investment.

Tushar started SKV with just Rs 12,000 that he saved during his short stint at DLF. He took no external funding over the next 11 years, and built SKV into a Rs 200 crore turnover company with over 250 employees.

Tushar believes the industry features no set platforms, norms, or processes. Thus, his team had to develop tech systems and exclusive technologies to streamline business processes and provide clients with better experiences.

SKV started as an interior design and service provider, and it diversified to develop its own furniture category and range.

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How a small-town boy with Rs 12k built a Rs 200 Cr turnover business, landed Amazon, Google, Adidas, PepsiCo as clients

Tushar Mittal, Founder and CEO, Studiokon Ventures Born in 1982 in the small town of Rudawal, Rajasthan, Tushar Mittal studied at a local village school. His parents, who ran a kirana store that sold groceries, were in debt. They had taken loans from local lenders and relatives, and were under pressure to return them.

How data analytics startup Near went from adtech to become a SaaS company

#martech #adtech #startups #startegy #startupstories

The Singapore and Bengaluru-based startup Near, which was initially called AdNear, used location data to serve customer-relevant ads. Eight years on, Near, founded by Anil Mathews in 2012, has emerged as a #SaaS (software-as-a-service) startup, which collects real-life data about consumers and merges it with online data to create their profile. Near has raised over $134 million from marquee investors like Sequoia Capital.

Near gathers data from a diverse set of data partners such as data aggregators, app partners, Wi-Fi partners, public hotspots, census data sets, and regional data partners across markets. It then takes the raw, unfiltered, and unstructured data signals and puts it into context by adding a layer of data science on it. Near’s customers can then understand the behaviour of users not just based on the places they are visiting, but the behaviour they exhibit in the real world. At present, Near has clients like Mastercard, WeWork, and Boston Consulting Group (BCG). It has taken the startup close to seven years to expand globally to reach the $1.6 billion scale.

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How data analytics startup Near went from adtech to become a SaaS company

In today's digital era, marketers are collecting massive amounts of data from consumers through the internet. Platforms like Facebook, YouTube, and Google have a lot of data about people, and companies are on a constant chase to capture user data to promote their products. However, not many companies have the data from the physical world.

Startup Success Stories: Only the adaptable survive (and thrive) - Dailyhunt

#vernacular #content #startupstories #startupstrategy

The startups betting on consumption by vernacular customers will benefit a lot, as the language is only the barrier for outsiders to garner this huge market. Today 64% of India’s 510 million internet users speak primarily in their local language, while 36% are English users; by 2025, the number of internet users is expected to hit 906 million, 77% of those will be vernacular-first, according to a report by Google and KPMG.

Please read the success story of Dailyhunt harping on vernacular content.

Only the Adaptable survive (and thrive)

By Mohit Bhatnagar As the Covid-led recession sets in, I've started to reflect on a company metric that I had never spent much time thinking through before: Adaptability. How does one even measure that in a company? What makes one company more adaptable than the other? Speed of execution? Intellect

The Ultimate Startup Failure Rate Report [2020] by Failory

It is said that failures can teach us better lessons than that from successes.

The Ultimate Startup Failure Rate Report [2020] by Failory.

Are you afraid of startup failure? You should be! It is estimated that 90% of startups fail, but you don't necessarily have to be part of that club. Continue reading to learn more about startup failure rates and how to avoid it 👇

The Ultimate Startup Failure Rate Report [2020]

Are you afraid of startup failure? You should be! It is estimated that 90% of startups fail, but you don't necessarily have to be part of that club. Continue reading to learn more about startup failure rates and how to avoid it 👇

Startup Bharat: Silguri-based Desi Laundry is disrupting the laundry market with its on-demand service

Source: YourStory Media

Author: Shreya Ganguly

Siliguri-based startup Desi Laundry was founded by Nawal Bansal, Ayush Agarwal and Ashwin Agarwal in 2019 to address the gap in the laundry services segment.

The startup currently provides services such as laundry, ironing, dry cleaning, cleaning of rugs, curtains, uniforms, weddings suits and gowns, comforters and bedding materials, among others.

Some of the other notable players in the Indian online laundry space are Pick My Laundry, Urban Dhobi, Dirk Da Dhobi, DoorMint, TOOLER, Laundry Anna, and DhobiLite, among others.

According to a report by Statista, the Indian laundry care market is anticipated to grow annually at a CAGR of 4.9 from 2020 to 2023 to reach a revenue of $4,577 million from current $3,962 million in 2020.

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[Startup Bharat] Siliguri-based Desi Laundry is disrupting the laundry market with its on-demand service

An increasing number of young people today find it difficult to manage everyday activities like cooking, cleaning, and laundry, due to hectic work schedule. However, smartphone and internet penetration has made life easier for people. Startups have also come up with innovative solutions and are bringing technology to traditional industries.