From 25 years of Zoho success to the rise of edu-fintech start-up GyanDhan
SaaS firm Zoho turned 25 this week. Few corporations survive this lengthy. Here is an attention-grabbing anecdote – the Zoho area identify was initially owned by a US-based lodge startup which had raised $ 53 million in 1999 to develop.
Sridhar and his group at AdventNet beloved the area identify and bought it again through the enterprise liquidation course of. In 2009, AdventNet grew to become Zoho.
It is no large shock that Sridhar Vembu – often known as the person who turned down enterprise capital – and who believes small city Indian engineering skills can create world-class software program merchandise, has an enormous fan of contained in the startup business and past. .
Training could not have a worth, however in India it has a price. Delhi-based start-up GyanDhan – which launched operations in 2016 – was born after its founder Ankit Mehra witnessed the issue of financing schooling up shut throughout his MBA at IESE Enterprise College in Spain.
“I used to be fortunate sufficient to get a mortgage myself, however the financial institution IESE had linked with was reneging on its funding commitments to non-Europeans. And I noticed lots of Indian college students struggling to get a mortgage, ”he says. Your story.
GyanDhan has disbursed Rs 800 crore in examine overseas loan application to over 2,500 college students in India. This can be a small share of the six odd candidates on its platform.
In recent times, low-code and no-code commerce has taken maintain in India, notably by serving to MSMEs.
Launched in Noida on the finish of 2015, Appy Pie is a supplier of enterprise options with out code for companies of any dimension, scale and scope. The startup bootstrapped SaaS) democratizes utility growth by enabling small companies to create digital merchandise that meet their wants with out studying to code.
“We began on the lookout for a CMS like WordPress for cell apps. Nonetheless, we didn’t discover something. So we determined to develop our personal CMS ”, explains Abhinav. The group from their earlier startup has utterly switched to Appy Pie. At present, the startup has 220 folks.
COVID-19 has achieved the unthinkable. It has accelerated digitization in all sectors and industries for greater than a decade. Locks and social distancing requirements have compelled even small companies and kiranas to go digital.
A latest report by retail tech firm SnapBizz stated over 1 million Kirana shops went digital in 2020. This included accepting on-line funds, ordering provides on-line, managing shares, and so on. The report provides that round 75% of kiranas now wish to go browsing to be able to thrive.