Forth Estate in a Nut-shell

One Wallet , a first of its kind application that lets one pay their newspaper bills online, allows vendors to manage their customers and process all their transactions online has proven to be a boon for newspaper vendors in India. Apart from seeking a leading position in the industry, One Wallet is well on its way to make an impact so big that it forever changes the way the newspaper industry works. It strives to digitize the otherwise conservative industry and provides a common platform for management, automated bill generation and payment collection to the vendors. With the launch of the application in November 2015, for the first time in over 2 centuries of the industry’s history, vendors are equipped with technology and are collecting their bills online.

Founder and CEO One Wallet – Neeraj Tiwari

Mr. Neeraj Tiwari, the founder of One Wallet has always been fascinated with technology and wanted to use technology for the benefit of the overburdened unorganized businesses. He was struck with the idea of developing One Wallet Newspaper app when he found his newspaper vendor at his doorstep as late as 9:30 PM for bill collection. He was determined to do something for the benefit of such businesses by giving them access to technology and helping them adapt to it. Further, through One Wallet’s in-house research, he found that around Rs. 5000 crore worth of bills are distributed and collected manually by 6 lakhs newspaper vendors in India.

Since the launch of the app in November 2015, 1500 vendors are registered with the application and around 50,000 households are connected to pay their bills online. The application once installed on the newspaper vendor’s mobile phone generates bills automatically within seconds, which earlier use to take around 15-20 days to reach his customers. As soon as the bill is generated it is sent to customer’s android Smartphone, through SMS, email and consumer application to facilitate online bill payment. In this digital age, the application aims to minimize vendor’s paperwork and helps them run their business and expand. One Wallet has tied up with 134+ newspaper publishers to procure paper prices and also provide important updates to the vendors. The vendors would no more have to keep a track of all the prices of the newspapers manually.

Team One Wallet

By December 2016, One Wallet aims to connect with 50000+ newspaper vendors. Realizing that this is the best time for fresh and radical thinking, they have secured a patent to digitize the coupon subscription system and are in a process to launch the same in the next 2 months. Through this feature, the vendors can avoid the frequent losses incurred by them through loss of physical coupons. The vendors won’t have to visit the publisher’s office to encash the coupons. Processing of coupons will be done online, thus saving time and energy of the vendors to a great extent. The coupon delivery and coupon payment time will be reduced to 5 minutes and 24 hours respectively. They are currently operating in Mumbai and intend to cover the entire state of Maharashtra by July 2016.

In the current millennials driven ‘Startup’ era One Wallet seems to do something that others have not even thought of. With such vast unorganized market left untapped, it looks like they are heading in the right direction.

www.onewallet.in

Forth Estate in a Nut-shell

Zaggle has a yes from Yes Bank

Zaggle is a startup of Hyderabad that aims at creating market and distribution of innovative payment and Yes Bank which is the fifth largest in Private Banking Sector has attractive Pre Paid card schemes like Gift card, Reloadable Card, Store Value Card etc that harvest revenue on shopping and payment modes, and now this bank is planning to move its business to the next level by partnering with Zaggle as partner in issuing prepaid cards for master card holder of corporate sector.
According to Ritesh Pai who is the senior president and country head of YES Bank’s Digital banking – The Yes bank is confident that Cash Less Payment methods is main Solution making way to transforming the Industry of financial Service and with the partnership with Zaggle, YES Bank is expected to reach one Crore consumers of more than ten thousand corporate. The aim of YES Bank is to give out two Crores gift cards incoming five years in ten top targeted Indian cities that include Delhi, NCR, Mumbai, Bangaluru, Hyderabad, Chennei and Pune. This Different offers would allow YES Bank to connect to consumers in different factors like physical cards, mobile apps, virtual cards etc thereby creating maximum choice and value for partners and customers .

Avinash Godkhindi who is the Managing Director and Center Executive Officer of Zaggle says the Partnership of Zaggle and YES Bank should help grow the Consumers base to over one Crore users in coming five years. Presently Zaggle has nearly four Lakhs customers across India and by launching prepaid cards with partnership of YES Bank, the Startup has added master card to the existing visa prepaid platform there by delivering greater freedom of choice to existing and new customers.

Zaggle was founded by Phani Raj with aim to capture the thirty billion dollars gifting market of India bycatering to typical needs of Indian Consumer. Now Zaggle has prepaid gift card, off the shelf gift solution and custom prepaid gift solution, employee reorganizations and rewards etc.

https://www.zaggle.in

Zaggle has a yes from Yes Bank

Not just another start –up. This one, is set to bring a change in our education system!

“Education is the best friend. An educated person is respected everywhere. Education beats the beauty and the youth.” These words by our great Indian philosopher Chanakya, stand true even today. India has always been a country where the teacher is considered to be at the highest grade and given the utmost respect. We are a country that worships our gurus. However, in the recent times, there has been a rising issue of shortage of faculty across the country. From schools, to colleges and post-graduation institutes, all are facing an acute shortage of competent teachers that can teach the students of a progressive India. Even the premier most institutes face an acute shortage of competent industry ready faculty.

A recent example of how this issue is hampering education in our country is that Mumbai University eliminated the course of Rural Marketing from its syllabus and one of the reasons was acute shortage of faculty who can teach that subject. Now, if you ask a marketing professional how important is the knowledge of rural marketing in today’s time, the most common answer would be that it’s of utmost importance and that’s because the urban markets are saturated and most innovative products are now made to woo the rural audiences.

Facultyconnect Team

Considering that this as a highly alarming fact, facultyconnect.co.in/”>FacultyConnect  is a start-up company that stepped up and started their operations in March 2016. The young and vibrant co-founders Mr. Hersh, an MBA from IMT Ghaziabad and Mr. Faiz an MBA from IIM-Indore, apart from hailing from a finance background, they also share extreme passion for teaching. They decided to provide this platform that bridges the gap between the Institutes and the Faculties.

The company is currently based out of Mumbai, with over 1000 competent faculties that have tied up with them and 50+ premier institutes that source their faculty requirements through this platform. Their aspiration, as they say, is to ‘augment the quality of pedagogy in Indian education system today, by becoming a medium to link best-in-class Faculty to Institutes and bridge the gap between classroom education and practical application.’

Co-founder Mr. Hersh, who is also an economics professor at a premiere Institute in Mumbai, said, “We started FC (FacultyConnect) as there was a clear gap between what the students want, what the professors deliver and what the industry expects. As a professor, Hersh always came across this mismatch of demands and that’s exactly where the thought of FC came into mind. Hersh and Faiz, who is also the co-founder of FC, used to do this at a very micro level, even before FC was initiated. But, we realized that things have to be taken to a macro level in order to solve this national issue of acute shortage of competent faculties. We believe in the whole purpose of education, which is to turn mirrors into windows, as said by the great Sydney J. Harris.

He adds, “We have received an overwhelming response from the industry and we look forward to expanding our operations to other metro cities such as Delhi and Pune by the end of this year.”

Also, we look forward to being the sole medium through which we can educate, facilitate and connect the most sought-after faculties to the best Institutes in order to improve the quality of teaching in our country.”

http://www.facultyconnect.co.in/

Not just another start –up. This one, is set to bring a change in our education system!

The Skill That The Tech India Needs Right Now

Can anyone guess what the highly paid job in India is these days? Not an MBA not an Engineer but a data scientist. The Indian startups are ready to pay sixteen thousand US dollars annually which amounts to more than million Bucks in Indian rupees. While big companies pay fourteen thousand US dollars, Indian startups pay two thousand US dollars more to attract the best data analytics according to a report “Analytics and Big Data Salary Report 2016” which is compiled by online analytical tool called Jigsaw Academy and Analytical Vidhya using information from more than 60,000 analytical professionals. Analytics with more experience get paid more. This demand is the result of demand out-spacing supply. The upcoming startups are going to create thirty thousand jobs across India every year. Gaurav Arora who is the CEO of Jigsaw academy claims that his school has trained forty thousand students in thirty countries. Even in uncertain outlook of commerce and business outlook, data analytics has been on a steady growth. The growth in business analytics market is expected to be 33.2 percent and growth in big data is expected to be 26.4 percent. The difference in software and app development and data science is blurring, there will be a huge requirement for Full Stack Data Developers. This is stated by Kunal Jain who is the founder of Analytics Vidhya and CEO, the startup that gets four hundred and fifty thousand visits from data science professionals. Everyone from unicorns to fledglings seem to be wanting data crunchers.

Amazon curates products on customers homepage based on the analytics of previous browsing and purchase habits. Face book fills newsfeeds and updates from people we interact with and the pages we browse based on analytics. According to Puneet Gambhir who is member of flipkart analytical team, analytics help to differentiate and create a better experience for the customers.

The Skill That The Tech India Needs Right Now