Times Applaud

Electric vehicle startup Exponent Energy has secured $13 million in funding. Among other things, the money will used to scale up the charging network to 100 points per city.  The company says its technology will reduce the time taken to charge an electric vehicle from three hours to 15 minutes. Exponent Energy, an electric vehicle (EV) fast-charging startup, announced a $13 million funding round led by Lightspeed Venture Partners, with existing institutional investors including YourNest VC, 3one4 Capital, and AdvantEdge VC also participating. This is Lightspeed's first investment in the electric vehicle market. Exponent Energy claims to have developed a technology that can fully charge a vehicle in 15 minutes, which is significantly less than the standard time of at least three hours.  Exponent's battery pack must be installed in EVs to ensure rapid charging, and the end user can charge the vehicle using Exponent's own charging stations. In Bengaluru , the co...

Rakesh Jhunjhunwala, often referred to as India's Warren Buffet, died on 14th August. He was known as the father of share market. On August 16, India woke up to the news of the death of Rakesh Jhunjhunwala. According to his magnanimity, anyone who believes he was born into the elite and has remained such his whole life is mistaken. Rakesh Jhunjhunwala was born in Bombay to a middle-class Marwari family.His father was an income tax commissioner, and it was through him that his passion in all things financial took flight. After graduating from Mumbai and earning his CA in 1985, he entered the stock market with no financial assistance from his father. His investing adventure, on the other hand, has been nothing short of a roller coaster trip. Starting with a paltry 5000/- investment, which at the time was considered pricey by standards, he made tremendous profits. Rakesh made a profit of INR 5 lakhs in the first year by investing in Tata Tea. He purchased shares...

Hritesh Lohiya and his wife Priti Lohiya started  a business that makes furniture from scrap items. The company called, Priti International, now clock a Rs 60 crore turnover. Hritesh Lohiya lost several thousands of rupees in two enterprises he established as a teenager shortly after graduating from college. But, because to his never-say-die attitude and perseverance, his fortunes changed when he and his wife Priti came up with the notion of obtaining money from garbage. In 2005, the pair began creating furniture out of metal waste. Ambassador Car Sofa and Rajdoot Bar Table are two of their spectacular scrap inventions. Priti adds, "We repurposed ancient Rajdoot bikes into bar counters to store wine jars, bottles, goblets, and glasses. The firm also manufactures a variety of home décor items. We typically employ blankets and army uniform garbage obtained in bulk at relatively affordable costs from the Jodhpur military recycling yard." Today, they manufactur...

Regardless of the industry or audience they serve, every company owner has heard of Tally. Tally has been assisting small and medium-sized business owners for more than three decades. To honour the indomitable spirit of MSMEs throughout the world and to recognise their unwavering commitment to our country's economic progress, Tally honoured International MSME Day by creating a new campaign called 'Always AweSME.' Jayati Singh, Chief Marketing Officer at Tally Solutions said, "The campaign's centrepiece film demonstrates how one firm may touch the lives of consumers and other enterprises, providing impetus to the broader ecosystem. It depicts a chain reaction of growth that begins with one company taking the initial step toward reaching their goals. "MSMEs are critical for any nation's growth. Their ability to select this road not only enables lives of its employees, but it brings hope and possibilities to the greater society. 'Aap Se Bane Hu...

B2B SaaS start-up WebEngage has secured funding of $20 million. The company, which has operations across India, Southeast Asia, Middle East, and North Africa, will use the money for the expansion of its business. WebEngage, a B2B SaaS startup, has secured $20 million in a fundraising round headed by Singularity Growth Opportunities Fund and SWC Global, with participation from previous backers India Quotient, Blume Ventures, and IAN Fund. WebEngage plans to utilize the funds for expansion, claiming that it is expanding at a rate of 100% year on year and has operations in India, the Middle East, North Africa, and Southeast Asia. WebEngage's enterprise service has been confirmed by customers such as Adani Group in India and IKEA in Saudi Arabia. Avlesh Singh, co-founder and CEO of WebEngage, said, "We are incredibly thrilled to have Singularity Growth Opportunities Fund and SWC Global as new partners, and we are lucky to have current partners double down on their t...

Debashish Majumder launched Momomia's first store in Guwahati in 2018 with a Rs 3.5 lakh investment. The fast-food business now clocks a turnover of Rs. 18 crore. When Debashish Majumder was a child, his grandpa advised him, "Do something to establish a reputation for yourself." As the only child of his parents, with his father working as the family's main earner at a garment store, these sentences made an indelible imprint on his young mind. Debashish dared to dream big and chose to become an entrepreneur at the age of 30, despite having lost almost Rs 8 lakh in an ice-cream store he had launched as a side company while working at Axis Bank. Despite the loss, he resigned his job and opened Momomia, a momos business, in 2018 from a 110-square-foot shop on Guwahati's GS Road, with three staff. Though the first three years were difficult and commerce was slow, he aggressively expanded up in the post-pandemic period, opening 55 outlets in only 12 month...

It is noteworthy that, despite the fact that India's fintech business is just a decade old, the country's adoption rate is 87 percent, compared to the worldwide average of 64 percent. During the epidemic, fintech played a critical role in disbursing credits and loans through digital payments. The Russian invasion of Ukraine compounded the underlying knightian uncertainty as the world economy was still reeling from the tremors of the COVID-19 outbreak. Nonetheless, according to the most recent International Monetary Fund (IMF) world economic projection, India will be a $5 trillion USD economy by 2026-27. This is due to the thriving digital infrastructure and regulatory sandbox. With the increase in digital adoption during COVID-19, India has moved to the forefront of the financial revolution. MeitY's 2019 study also emphasized the significance of fintech in assisting India to attain the 5 trillion dollar threshold. It emphasized India's potential to generate m...

Innoviti has concluded its Series D round, raising an extra $25 million. The payments-focused fintech will use the money to expand its mid-market product lines in electronics, apparel, and food. Innoviti, a payments-focused fintech business, has concluded its Series D round, raising an extra $25 million from investors led by Singapore's Panthera Growth Partners. According to a top official, this brings the entire Series D fundraising to $45 million. Panthera has invested $15 million from its newly announced Fund II, alongside new investors such as Alumni Ventures and Patni Family Office, as well as previous investors FMO and Bessemer Venture Partners. Its valuation has climbed thrice since its Series C investment last year, according to cofounder and CEO Rajeev Agrawal, who did not disclose the precise figure. The current round brings the company's total funding to $75 million. It has previously obtained $20 million in debt and equity from investors such as FMO, ...

Vatsal Agarwal, founder of Simplex Coke & Refractory has been championing the need for giving India infrastructural independence and making it economically sound. For this, his company has been striving to blend superior quality products with innovative methods to procure them. Vatsal, who started his company Simplex in 2011, says, “This year’s budget has been focused on infrastructure. This includes conception as well as augmentation of physical and digital infrastructure. It doesn’t get better than this!” With the government’s intense attention on infrastructure in the last couple of years, its objectives include; firstly- boosting the country’s infrastructure assets, which range from energy and transportation to urban and digital infrastructure, secondly- fast-tracking the country’s employment rate and thirdly- reviving the country’s spirit to defeat the covid-induced sluggishness. Companies like Simplex Coke & Refractory by Vatsal Agarwaal are highly involved in addi...

Money is essential for any business's success. Find out 5 ways to spend money wisely and grow your business. MSMEs and small business owners that fail frequently do not comprehend cash flow. They lack the funds to re-enter the market, stifling growth and scaling-up chances. During the COVID-19 epidemic, many entrepreneurs faced such difficult challenges. As a result, SMB and MSME owners should be aware of and comprehend certain critical ideas for making better use of their money and growing their businesses faster. Here are the 5 top ways to spend money wisely and grow your business: 1. Cash projections One of the most crucial components of running a business is cash forecasting, which forecasts the flow of cash in the firm. Ratish Pandey is the creator of Ethique Advisory, which offers business coaching and consulting with a "customer-first" approach. According to the business coach, a rolling 90-day cash forecast offers the entrepreneur an id...

There is no magic formula for you to become a wealthy and successful businessperson overnight. But, we bring for you 7 top ways to become a successful entrepreneur. For individuals willing to put in the work to succeed, there is an almost formulaic mix of entrepreneurial qualities. These characteristics can help successful businesswomen and men distinguish out. Being a successful entrepreneur does not happen overnight, but you'll find that the majority of great businessmen and women have the following traits: Here are seven proven methods for being a successful entrepreneur: 1. Never take 'no' for an answer Great entrepreneurs are always ready to brush themselves off and discover a new road to the top, no matter how many setbacks and rejections they suffer. It takes this kind of commitment to convert a business notion from a pipe dream into a sustainable business. Fear of failure is one of the reasons why many enterprises fail. Successful entrepr...

MSMEs play a critical role in rural development by creating jobs and fostering industrialization at the grassroots level. Find out five startups that are helping MSMEs with business automation, thereby boosting their productivity. India has 63 million Micro, Small, and Medium-sized enterprises (MSMEs), which generate around 6.11 percent of the manufacturing GDP, 24.63 percent of the GDP from service activities, and 33.4 percent of India's manufacturing output. The MSME sector is not being left behind as India undergoes a digital transformation. Artificial Intelligence (AI), Augmented Reality, Data Analytics, Financial Accounting, and Machine Learning are examples of cutting-edge technology that have spawned new business models and empowered small enterprises. These technologies can assist MSMEs in automating and generating data from their everyday operations, as well as connecting with stakeholders (such as financial institutions, customers, or suppliers) in ord...

A profile on Google My Business can help consumers find your company when they are seeking for similar items and services in their region. This article will help you to set up and use it to boost your sales Small and medium-sized companies (SMBs) have historically drawn clients through word-of-mouth marketing, ads, and the placement of display stands and posters in strategic locations. Consumers are increasingly depending on internet searches to identify companies or retailers near them as they migrate online. In fact, people are on the verge of completing a purchase when they search for a certain product or service near them. This online transition has taught SMBs, kiranas, and merchants the value of being discoverable online and offering digital services to their customers, particularly on Google, the most prominent search engine. SMBs may utilize Google My Business (GMB), a free tool that allows firms to develop a digital presence, to become discoverable on Google Sea...

Prashant Parikh was once an employee of a medical tourism company that went bankrupt. He then founded his D2C personal care brand from his garage with some help from his mother. Prashant Parikh was working as a regional head for a medical tourism company in 2015 when the company went bankrupt, forcing him to look for alternative means of revenue. He considered creating a business, and because he personally experienced hair loss, he was motivated to discover a cure. Prashant says, "I was aware that this was a widespread issue, so I investigated various hair growth products and chemicals in order to produce a remedy in the form of hair oil." The hair oil was the inspiration for Prashant's personal care business Satthwa, which debuted in Delhi in 2016. Satthwa is a direct-to-consumer company that offers over 25 skincare and haircare items, such as hair development oil and serums, essential oils, shampoos, anti-acne gels, and vitamins. Prashant has gone a l...

Kiru Maikkapillai founded his business, called Divine Foods, after leaving a well-payed job in the United States. He is helping farmers double their income through the business that distributes turmeric-based value-added products. Kiru Maikkapillai of Salem, Tamil Nadu, is the founder and CEO of The Divine Foods, a company that sells turmeric-based value-added goods. He also helps farmers double their income through The Divine Foods. When Kiru Maikkapillai quit a well-paying job in the United States to start a business in India, his parents expected him to stay in his field. But, much to their surprise, he ended up starting a homemade food business in Tamil Nadu. Perhaps they were taken aback since Kiru had aspired to be an entrepreneur since he was a youngster. After graduating engineering and working for a software firm for a few years, Kiru moved to the United States in 2013 to pursue his MBA at the University of Massachusetts Dartmouth. He eventually worked for a...

New Delhi - An important initiative was taken by the Bharatiya Janata Party OBC Morcha Research and Policy Division for the emerging businessmen of the country!  Under the 75th Festival of Independence, young entrepreneurs gathered and discussed the issues of development! Chief guest, BJP's Union Minister of State for Finance, Hon'ble Dr. Bhagwat Kishanrao Karad ji and special guest National General Secretary BJP Honorable Shri Arun Singh ji, National President BJP OBC Morcha Honorable Shri K. Laxman ji, President Policy and Research Pankaj Choudhary ji!  The program coordinator is Vinay Chaudhary, director of young BJP leader Taurus Group.  Through this program, the suggestions and needs of the emerging traders of the country were discussed in the country.  Prime Minister Narendra Modi's government is busy promoting startups in the country.  There was a fruitful discussion on how the youth of the backward society can take advantage of the schemes...

There's no shortcut to getting rich quick and it takes time to becoming wealthy. Find out 5 tips to getting rich in the next 5 years. You've probably heard that getting rich quickly won't work in most cases unless you win the lottery or inherit a large chunk of money. However, if you are seeking to create your own wealth, anything that appears too good to be true is most likely genuine. On the other hand, if you want to build genuine, long-term wealth, you must follow a precise strategy with clearly defined phases. Of course, you must then carry out those steps. To put it another way, merely desiring to be wealthy is inadequate. You won't be able to go forward or, worse, backward until you take specific steps to help you achieve your goals. Fortunately, our experts have provided their best wealth-building ideas, which you can implement now. Here are 5 tips to getting rich in the next 5 years: 1. Understand Where Your Money Is Going The first s...

A Tamil Nadu undergraduate student has created a cosmetic and skincare brand worth Rs 56 lakh. Surya Varshan founded Naked Nature from his house, formulating products in their kitchen. Surya Varshan, a 21-year-old undergraduate student in the historic city of Madurai in south Tamil Nadu, where the ancient Tamils had a booming commerce with Rome and Greece, has developed a cosmetic and skincare company with a current revenue of Rs 56 lakh and a valuation of Rs 10 crore. Surya left civil engineering in his second year and is presently in his last year of BSc Biotechnology at Thiagarajar College in Madurai. Women account for around 65 percent of our clientele. We have clients from all over the world "Surya, the proprietorship firm's founder, states "Overall, around 30% of our consumers are from North India, 20% from the Middle East, another 20% from Malaysia and Singapore, and the remainder from other areas of the world." Naked Nature is a direct-to-c...

Vinny Soni began investing in real estate in the year 2018. He now owns almost 10 properties in Canada. Vinny Soni, 35, was born in Nadaun, a tiny village in Himachal Pradesh's Hamirpur region, and is presently active in the real estate sector in Canada. His drive to earn wealth is to establish a consistent passive income so that he may follow his other hobbies without worrying about money. "I want to return to India and work in the distant regions of Himachal Pradesh in the sectors of healthcare and youth development," says Vinny, who now owns around ten homes in Canada valued at approximately CAD 6-8 million (or about Rs 30-40 crore). In August of last year, he launched a real estate web for selling houses, and the business has already concluded deals worth over Rs 200 crore. Vinny moved to Canada in 2009 to pursue a graduate certificate degree in Strategic Relationship Marketing at George Brown College in Toronto, and he began working in the nation a...