19 August 2015
Page #Wacky start-ups1ContentIntroductionStartup 1: ZomatoStartup 2: AirbnbStartup 3: OnePlusStartup 4: TinderStartup 5: OlacabsStartup 6: Bandhan
Page #Wacky start-upsAssurance and Advisory Business ServicesOctober 16, 20152Introduction3IntroductionIndia, surely but steadily, is gaining currency as the centre of startup innovation globally outside of the Silicon Valley. The flight of funds into start-ups just enforces this point. For instance last year, when Masayoshi Son, chairman and CEO of Japans telecom giant SoftBank came to India, he announced his intentions to invest $10 billion in the Indian IT and communications market. Similarly, Infosys announced it is allocating $250 million to be invested in Indian Startups. Even working in a startups is no longer considered a taboo, with many youngsters chucking cushy big corporate jobs for the thrill of exploring the startup space. Our aim is to explore 6 startups that we think are wacky and are to be watched out for in the near future. Page #Wacky start-ups Start-up 4: Tinder Start-up 2: Airbnb Start-up 1: ZomatoStructures proposed for consideration
Start-up 6: BandhanStart-up 3: OnePlus Start-up 5: Olacabs
Page #Wacky start-ups5ZomatoTypePrivateFoundedJuly2008HeadquartersNew Delhi,Delhi, IndiaNo.of locations22 countriesAreaservedIndia, Australia, United States of America, Canada, Chile, Czech Republic, Indonesia, Ireland, Italy, Lebanon, New Zealand, the Philippines, Poland, Portugal, Qatar, Slovakia, South Africa, Sri Lanka, Brazil, Turkey, United Arab Emirates, United KingdomFounderDeepinder GoyalCEODeepinder GoyalKeypeoplePankaj Chaddah (Co-founder)Surobhi Das(COO)Gunjan Patidar (CTO)OwnerInfo Edge (India)Ltd. (50.1%)Employees2000+Websitezomato.com(formerly foodiebay.com until November 2010)Alexarank722 (August 2015)Type of siteOnline restaurant search and discovery serviceAdvertisingYesRegistrationOptional on the websiteUsers19 million visits monthlyAvailable inEnglish, Turkish, Portuguese, Indonesian, Spanish, Czech, Slovak, Polish, ItalianLaunchedJuly 2008Current statusOnlineServicesRestaurant Search & Discovery, Online Ordering, Cashless PaymentsIndustryConsumer Services
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Zomato20082010201120122013Zomato began by listing restaurants inDelhi NCR, and quickly expanded toKolkataand thenMumbai.Zomato began by listing restaurants inDelhi NCR, and quickly expanded toKolkataand thenMumbaiChange of name in the month of NovemberZomato launched coverage inBangalore,Pune,Chennai,HyderabadandAhmedabad. In the same year, they launched applications foriOS,Android,Windows PhoneandBlackBerrydevices.The idea behind Zomato (then, Foodiebay) was conceptualisedPeople would line up to look at the menus to order food during the lunch hour. Realizing this took up a large amount of everyone's time on a daily basis, Deepinder and Pankaj decided to scan restaurant menus and upload it on an intranet websiteZomato expanded to its first overseas location,UAE,following which, Zomato saw quick expansion intoSri Lanka, Qatar, theUnited Kingdom,thePhilippines, andSouth Africa.The company launched inAucklandandWellingtoninNew Zealandin July 2013, andHamiltonin December 2013.It made its way toTurkey,Brazil, andIndonesiain November 2013, with its website and apps available in Turkish, Brazilian Portuguese, Indonesian, and English.Page #Wacky start-ups
Zomato201420152014 was a year full of expanding international reach and acquisitions. In April, Zomato launched its services inPortugal. In July, Zomato made its first acquisition by buying New Zealand's Menu-mania for an undisclosed sum.In August the focus was on Europe. The company acquired online restaurant guides Lunchtime.cz (from theCzech Republic) and Obedovat.sk (fromSlovakia) for a combined $3.25 million.In September, Zomato acquired Poland-based restaurant search service Gastronauci for an undisclosed sum.In October, Zomato finally entered North America by launching its services in Canada.Shortly after, in November, it extended its reach toLebanonandIrelandas well.In December, Zomato acquired leading Italian restaurant search service Cibando.Zomato started 2015 by acquiring Seattle-based food portal Urbanspoon for an undisclosed sum (estimated to be around $60 million).The acquisition marked Zomato's entry into the United States, Canada and Australia, and brought it into direct competition with Yelp, Zagat and OpenTable. In the same month, Zomato also acquired Mekanist, one of Turkey's largest restaurant search players, in an all-cash deal that makes Zomato the most exhaustive restaurant search service in the country. The acquisition increased Zomato's coverage from about 27,500 restaurants inIstanbulandAnkarato more than 50,000 restaurants across Turkey.Page #Wacky start-upsAirbnb is a website for people to list, find and rent lodging. It has over 15,00,000 listings in 34,000 cities and 190 countries. Based in San Francisco, California.
Founded in August 2008 by:
Brian CheskyJoe GebbiaNathan Blecharczyk
Page #Wacky start-upsProblem:Price is an important concern for customers booking travel online.
Hotels leave you disconnected from the city and its culture.
Page #Wacky start-upsSolution:A web platform where users can rent out their space to host travellers to:
Airbnb: SolutionSave MoneyWhile travellingSHARE CULTURELocal connection to the cityMAKE MoneyWhile HOSTINGPage #Wacky start-upsOnePlus is a Chinese cell phone manufacturing company with its origins in the Shenzhen province in China.With their motto of Never Settle, they are trying to shakeup the handheld handsets industry by braking the norms and adopting unconventionalism in every facet of their being.Both the founders of the company , CEO Pete Lau and co-founder Carl Pei, are ex-Oppo employees who left Oppo (another Chinese electronics company) to start OnePlus.
Pete LauCarl PeiPage #Wacky start-upsOnePlus is a company that is both loved and hated by its consumers. They have gotten their rights absolutely spot on but their misses have created a havoc for them.Having grown from 6 employees back in December, 2013 to about 900 in July, 2015, they have come a long way from being just a local Chinese player to a global company.Their products have pleased the masses with the demand for their phones being so high that their manufacturing units have always been playing catch-up. Their phones have been equipped with softwares that always delights an Andriod consumer. The hardware features are equally good and its all topped off by a price tag that brings tears of joy to an Andriod fans eyes.But the company has been embroiled in controversies right since its inception. Some of the banana peels that theyve encountered are:FundingInvite SystemSmash your phone / ladies first#HYPECyanogenCustomer RelationshipLoud mouthingOnePlus : Reception and ControversiesPage #Wacky start-upsOnePlus is a company that is both loved and hated by its consumers. They have gotten their rights absolutely spot on but their misses have created a havoc for them.Having grown from 6 employees back in December, 2013 to about 900 in July, 2015, they have come a long way from being just a local Chinese player to a global company.Their products have pleased the masses with the demand for their phones being so high that their manufacturing units have always been playing catch-up. Their phones have been equipped with softwares that always delights an Andriod consumer. The hardware features are equally good and its all topped off by a price tag that brings tears of joy to an Andriod fans eyes.But the company has been embroiled in controversies right since its inception. Some of the banana peels that theyve encountered are:FundingInvite SystemSmash your phone / ladies first#HYPECyanogenCustomer RelationshipLoud mouthingOnePlus : Reception and ControversiesPage #Wacky start-ups
Tinder is a location-based social discovery application that facilitates communication between mutually interested users.The app allows users to chat with their matches.The app was launched in 2012.Tinder was seeded at numerous college campuses in US, and expanded to other college campuses.The app won TechCrunch's Crunchie Award for "Best New Startup of 2013".
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Using Facebook, Tinder is able to build a user profile with photos that have already been uploaded.Basic information is gathered and the users' social graph is analyzed.Candidates who are most likely to be compatible based on geographical location, number of mutual friends, and common interests are then streamed into a list of matches.Based on the results of potential candidates, the app allows the user to anonymously like another user by swiping right or pass by swiping left on them.If two users like each other it then results in a "match and they are able to chat within the app.Page #Wacky start-upsIn March 2014, IAC increased its majority stake in Tinder, a move that cause speculation that the valuation of Tinder was at several billion dollars.In July 2015, Bank of American Merrill Lynch valued Tinder at $1.35 billion.For two years, Tinder has been able to stay afloat without relying on any kind of revenue stream.Tinder has proven it is does not require revenue to be successful. Due to the apps investor backing, it had the security to grow its business growth model first and revenue model later.Tinder is used widely throughout the world and is available in about 30 languages. The app is used in about 196 countries.
Page #Wacky start-upsFounders of OLA CABS
How Ola Cabs Started
Bhavish AggarwalB. Tech, IIT BombayAnkit BhatiM. Tech + B. Tech,IIT Bombay
Page #Wacky start-upsPartnership with Taxi driversAdded touch of technology40,00,000 Ca