November 2015 – The CEO Magazine – India https://theceo.in The CEO Magazine: Best Monthly Business Magazine for Business Leaders and Decision Makers Mon, 13 May 2019 11:14:03 +0000 en-GB hourly 1 https://wordpress.org/?v=5.3.2 https://theceo.in/wp-content/uploads/2018/02/cropped-TCM-Favicon-2-50x50.jpg November 2015 – The CEO Magazine – India https://theceo.in 32 32 mjunction runs world’s largest e-marketplace for Steel and Coal https://theceo.in/2015/12/mjunction-runs-worlds-largest-e-marketplace-for-steel-and-coal/ https://theceo.in/2015/12/mjunction-runs-worlds-largest-e-marketplace-for-steel-and-coal/#respond Sat, 26 Dec 2015 20:44:50 +0000 http://theceo.in/?p=3121 mjunction runs world’s largest e-marketplace for Steel and Coal e-transacted3,50,000 crores till date by AYANANGSHA MAITRA There are business organisations that leave their indelible positive impact on the economic and social system in their course of existence. They view community needs as opportunities to develop ideas and demonstrate business technologies, to find and serve new […]

The post mjunction runs world’s largest e-marketplace for Steel and Coal appeared first on The CEO Magazine - India.

]]>
mjunction runs world’s largest e-marketplace for Steel and Coal

e-transacted3,50,000 crores till date

by AYANANGSHA MAITRA

There are business organisations that leave their indelible positive impact on the economic and social system in their course of existence. They view community needs as opportunities to develop ideas and demonstrate business technologies, to find and serve new markets and to solve longstanding business problems. They choose these areas of performance to bring about that difference. One such organisation is mjunction services limited, the country’s largest eCommerce company, which chose to be in the eCommerce business spectrum during the period marked with tribulations, but brought in a silent revolution in the way selling and sourcing business processes are conducted in industrial sectors. The beneficiaries of this revolution are the small enterprises as well as the large corporate, who stand to gain through enablement, of a transparent, efficient and innovative business process. Freedom from corruption, inefficiencies, red-tapism were the derivatives of the transformation that mjunction brought in, who believed in this ideology of making a difference to the economy and society.

Till the end of the 20th century, almost all US companies, which aspired to grab online markets, mostly focused on electronic gadgets, travel and fashion. Indian e-commerce companies adopted and followed the same business practice till the end of the century. Come 2001, MrViresh Oberoi, a Tata Steel veteran and an entrepreneur to the core, who realized the value and need for e-commerce in steeland started mjunction services limited, then metaljunction.com, as its founder CEO.mjunctionisIndia’s pioneer of e-commerce in the B2B space, heralded a revolution in coal, steel and many other diverse businesses, empowering customers by offering them transparency and efficiency.

Under his leadership, mjunction has evolved from a fledgling start-up to become the world’s largest e-marketplace for steel and coal. Having sold over 12 million tonnes of Steel and 225 million tonnes of Coal till date, the company conducts 700 to 800 auctions every month.mjunction’s biggest contribution to society has been the disintermediation of steel and coal supply chains. Coal is a crucial national resource, and steel is an important indicator of India’s economy. As mjunction transformed the steel and coal supply chains, it tackled a huge issue of transparency. For the seller, the influence of cartelised buying was minimised with the online bidding process, where even the smallest of buyers can bid. For the buyer, even the largest of suppliers now fought for their business. It was a win-win situation for both. On the buy-side, whereas the large organisation got a wider and thus fairer supplier base, even the smallest of suppliers could sell their products online from remote locations. e-commerce did away with cartels and also removed unwanted intermediaries. It was fair play and justice for all, as all transactions became transparent. Transparency led to efficiency and unlocking of value, which was lost to middlemen till then. mjunction’s coal sales business unit conducts e-auction of coal, its by-products and lignite on behalf of Coal India and its subsidiaries, SAIL, SCCL, Tata Steel, WBMDTCL and Neyveli Lignite Corporation. coaljunction is the pioneer of coal e-auction and has changed the face of coal transactions in India. The unit has more than 15,000 registered unique buyers from the Indian subcontinent.

The online platform- mjunctionis a 50:50 joint venture between Tata Steel and SAIL, and is India’s largest e-Commerce organization in the B2B space. From mjunction’s headquarter in Kolkata and 12 branch offices all over India, more than 650 employees serve over 115 companies, both in the public and private sectors. The company creates sustainable competitive advantage for its clients by enabling them to sell and procure better, leveraging its expertise in process re-engineering, technology, analytics and knowledge of products and markets.

Following an outcome-based revenue model, the company has e-transacted goods and services worth over Rs 3,50,000 crore till date through its various business verticalsand offers a wide range of sales & fulfilment, sourcing & procurement, channel management, transaction processing and knowledge services across diverse industry verticals that empower businesses with greater process efficiencies through innovative use of technology.The company exists on both the sell side and the buy side of the business. On the sell side, both the large seller and small buyers are its clients. On the buy side, both the large buyer and small vendors are its clients. In 2013, mjunction adopted a Vision statement, according to which “mjunction will be customer-focused, technology-driven and innovative as it charts its progress over the next five years. It will seek to create value for its customers whilst consistently achieving a YoY growth of 25%.”

“The problems that mjunction solve are those that exist by way of inefficiency and opaqueness every time commerce takes place between a Buyer and a Seller. With the innovative use of Technology, it is able to solve issues, thereby strengthening Distribution Networks and Supply Chains. With the help of IT and Automation, it is able to ensure scalability and robustness, and in this way it contributes not only to the health of industry in general, but also help increase its competitiveness and sustainability. Some of the changes that it brings in are transformational those have a significant impact on society. On the one hand eliminating jobs and business models and on the other, creating new livelihoods and building a requirement for new skills and new thinking,” Mr Oberoi said to The CEO Magazine.

Awards won by mjunction 

  • 2006: mjunction won the Eastern Regional finals of All India Management Association’s (AIMA) National Competition for Business Simulation 2006.
  • 2009: In August 2009, mjunction was adjudged among the top 25 innovative companies in India by the Tata Group.
  • 2011: mjunction (for its CSR initiative) was adjudged as the National Winner in the Employee Volunteering Program of the Year in the Corporate category at the Apeejay India Volunteer Awards 2011 (AIVA) held in New Delhi in September, 2011.
  • 2013: mjunction services limited was adjudged the winner in the Marketplace Behaviour – Responsible Supply Chain Award category on the 28th of June, 2013, at the Responsible Business Summit organised by the World CSR Congress in Taj Lands End, Mumbai.
  • 2015: mjunction has won Inc. India 2nd Innovative 100 Award in the “Most Innovative Product” category. mjunction’s entry was T-Mart, the online platform for sourcing tea. The firm ejunction has won two awards at the CSR Retreat Awards Function organized by the Tata Sustainability Group for the Tata Volunteering Week held from September 5 to 11 in 2014. 

The Maverick behind the success of mjunction 

Mr Viresh Oberoi

Founder CEO &MD

Mr Viresh Oberoi is the Founder CEO and MD of mjunction services limited. He is Chairman of the Confederation of Indian Industry (CII)’s National Committee on e-Commerce as also Member of CII’s Public Policy Council and National Services Council. He is also National President of the Multiple Sclerosis Society of India.

Mr Oberoi was handed the mantle of the company after a 24-year-long stint at Tata Steel. He led from the front and made mjunction a profitable company from day one of its operations.

Mr Oberoi has attended Business and Management Programmes from IIM Ahmedabad, INSEAD – CEDEP – Fontainebleau, France and Harvard Business School, Boston, USA.

Despite his strong business focus, Mr Oberoi has always believed in a higher calling. He has always stressed that mjunction is a for-profit and yet social organisation and that its services must impact society in a positive manner. mjunction’s selling services transformed the way steel and coal is sold. The process removed non-value adding intermediaries, strong arm mafias and realized the true value of coal and steel for the producers whilst making these easily accessible and available to the smallest consumer and buyer. Similar breakthroughs were achieved by revolutionizing procurement processes for both private and public sector organizations.

The Institute of Economic Studies, New Delhi conferred the ‘BhartiyaShiromoniPuraskar’ to Mr. Viresh Oberoi and a “Gold Medal” to mjunction in recognition of enhancing the image of the Country in 2006. Indian Institute of Materials Management, has adjudged Mr Viresh Oberoi, Founder CEO and Managing Director of mjunction services ltd, as the “The Chief Executive of the Year”.

He has also won the maiden CMA Management Excellence Award in the “Corporate Leadership” Category. CMA conferred the honour on Mr Oberoi for his outstanding contribution and leadership in business and management.

Being asked to share his views about their market, he revealed: “We are focused on the Indian market. I would say that ninety-eight percent of our revenue comes from India based clients. India has been a great place for us and we have been doing very well here. We have some clients based in Australia, Singapore, Thailand and now in Dubai. Presently, we are expanding our business to new geographies as also expanding to new businesses.”

“Our executives are constantly solving problems faced by our clients with the innovative use of digital technology” – Mr. Viresh Oberoi.

How do you manage everything? “We engage with partners as per their area of expertise. We want to give our customers the best, so we choose the right partners,” he added.

Social consciousness is an important aspect of this visionary intrapreneur. He is Chairman ofejunction, a trust which was founded in 2007 to impart basic computer and communication skills to the underprivileged and the socially-disadvantaged free of cost and get them employment. Since then, more than 8,000 students have been trained and more than 3000 employability opportunities facilitated. To provide a common platform to change agents in India to share their success stories with a carefully handpicked audience, he launched Movement for Efficiency & Transparency – an mjunction initiative (MET) in 2011, also a social initiative.

Major Milestones of mjunction 

  • India’s largest e-Commerce organization in B2B space, having e-transacted 3,50,000 crores till date
  • World’s largest e-marketplace for steel, having sold over 12 million tonnes of Steel till date
  • World’s largest e-marketplace for coal, having sold over 225 million tonnes of Coal till date
  • e-Procurement services worth 60,000 Crores delivered so far
  • Contributing to the environment by selling e-waste over 50 Crores
  • Help companies generate cash flow by selling idle and obsolete assets worth 4,000 Crores
  • From Steel to Spectrum, Coal to Cars, Power Plants to Packaging, mjunction has dealt with over 5,000 different products and services
  • Pioneers in conducting e-auctions in India – conducting 700 to 800 auctions per month; having conducted over a million auctions since inception
  • Profitable organization since inception, growing at a CAGR of 64% and a strong workforce of 850 across 12 locations in India.

The post mjunction runs world’s largest e-marketplace for Steel and Coal appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/12/mjunction-runs-worlds-largest-e-marketplace-for-steel-and-coal/feed/ 0
India’s Largest Online Gifting Company IGP.com.com Dominates $30bn Market https://theceo.in/2015/12/indias-largest-online-gifting-company-igp-com-com-dominates-30bn-market/ https://theceo.in/2015/12/indias-largest-online-gifting-company-igp-com-com-dominates-30bn-market/#respond Sat, 26 Dec 2015 20:27:44 +0000 http://theceo.in/?p=3118 India’s largest online gifting company IGP.com.com dominates $30bn market BY AYANANGSHA MAITRA Choosing a special gift online and sending quickly was not easy until e-commerce companies introduced gifting facilities. Since 2001, IGP.com has not only provided a highly curated collection and last-minute gifting facility but also helped customers to choose the right product for their loved […]

The post India’s Largest Online Gifting Company IGP.com.com Dominates $30bn Market appeared first on The CEO Magazine - India.

]]>
India’s largest online gifting company IGP.com.com dominates $30bn market

BY AYANANGSHA MAITRA

Choosing a special gift online and sending quickly was not easy until e-commerce companies introduced gifting facilities. Since 2001, IGP.com has not only provided a highly curated collection and last-minute gifting facility but also helped customers to choose the right product for their loved ones through its proprietary Gift Suggester. The gifts they offer, which showcase Indian tradition and culture, fall under three categories:

  • Public occasions: All domestic & International festivals including Rakhi, Diwali, Bhai Dooj, Valentine’s day, Mother’s Day, Father’s Day, etc
  • Private occasions: All private occasions, including Birthdays, Anniversary, Wedding, Housewarming etc
  • Corporate gifting: All kinds of corporate gifting requirements across all product categories including Gift cards, Premium gifts, Customized gifts etc

Without depending on Investors, IGP.com.com has become India’s largest online gifting company and the largest player in $30bn market. Apart from its overseas office in US, IGP.com’s three hundred employees are working in Noida, Mumbai, Lucknow, Jaipur and Bangalore offices. It has free international gifting catalogue with ability to delivery anywhere in the world within 3 days. Its Florists & Bakeries network has more than doubled in last 3 yrs, covering 300 cities today and equipped to deliver 10,000 orders per day within 8 hours. Having sent 3 million gifts worldwide and delivering in 100+ countries in 2014, IGP.com competes the market with Ferns and Petals, Archies Online etc.

IGP.com is currently India’s only multi-category gifting player with more than 80,000 SKUs, which has same day delivery facility in 300 Indian cities and 3 days International delivery in nearly 100 countries. IGP.com was rewarded Pepperfry India eRetail Award 2013.

More than 50% of IGP orders currently come from international customers who are largely NRIs and other immigrants who frequently send gifts to their home countries. Due to focus on curation & signature products, IGP.com enjoys website conversion rates as high as 15% during Festivals and repeat purchases of 60%+.

“While we are one of the largest gifting players in India, we believe that we have barely scratched the surface yet and there is a huge amount of innovation which is required. We have huge plans for the next 3 years in all 3 areas – curation, technology and logistics.” said IGP.com.

The Maverick behind the Success of IGP.com

Rahul Garg is the CEO of IGP.com and is responsible for overall strategy, team building & execution.

Prior to joining IGP.com and apart from his E-com start-up Artisangilt.com, Rahul has 8 years of work experience in investment banking, where he held a broad range of advisory roles at the top global investment banks like Lehman Brothers, Nomura International and HSBC Securities. His experience comprises 5 years of advisory experience in international (UK/Europe) capital markets and 3 years of experience in the Indian capital market. He became the youngest Vice President in HSBC at the age of 27 which paved the way to his entrepreneurial journey. In the investment banking sector, Rahul has won many awards and accolades for his performance and contributions. He was the recipient of the Lehman’s firm wide Annual Award for Outstanding Contribution. He was also ranked the 16th best analyst in India by Asia Money.

During his days as a student, he founded Unnati- a social service organization to provide vocational training to underprivileged youth & semi-skilled workers and raise funds for various noble and charitable missions like Tsunami Relief Fund. For this, he received two honors for contributing to the society, by the Director of IIT Bombay. He is also a member of the CFA Institute, USA and Indian Association of Investment Professionals (IAIP).

Born in Bhopal, Rahul graduated from IIT Bombay with a B.Tech in Chemical Engineering. He then went on to complete the highly prestigious Chartered Financial Analyst (CFA) programme and received his CFA charter in 2010 from the CFA Institute, US. Rahul lives in Mumbai with his family.  An ardent reader, he loves epic fantasies that keep his imaginative mind satiated. He also likes to watch select TV series, particularly the ones based on science fiction or sitcoms.

“Over 70% of customers don’t know what to gift. To solve this, we have the largest curated collection of gifts for most of the public and private occasions. With our proprietary Gift Recommender (beta version) customers can much easily discover the most suitable gifts based on occasion, relationship, budget, etc

Gifting is a last-minute event. With enhanced logistics and hyper local delivery network, IGP.com offers same day delivery, fixed-time delivery and mid-night delivery options to its customers. ” IGP.com said to The CEO Magazine.

The post India’s Largest Online Gifting Company IGP.com.com Dominates $30bn Market appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/12/indias-largest-online-gifting-company-igp-com-com-dominates-30bn-market/feed/ 0
Bookmytrainings aspires to expand services, inking Strategic Collaborations https://theceo.in/2015/12/bookmytrainings-aspires-to-expand-services-inking-strategic-collaborations/ https://theceo.in/2015/12/bookmytrainings-aspires-to-expand-services-inking-strategic-collaborations/#respond Sat, 26 Dec 2015 20:05:48 +0000 http://theceo.in/?p=3114 Bookmytrainings aspires to expand services, inking Strategic collaborations The CEO Correspondent ● New Delhi Spending 16 years in various well-known corporate companies and in various roles, L.A.Balamurugan decided to do something on his own and started a Management Consulting firm in Jan 2010. But he was not satisfied. His creative instinct was encouraging him to […]

The post Bookmytrainings aspires to expand services, inking Strategic Collaborations appeared first on The CEO Magazine - India.

]]>
Bookmytrainings aspires to expand services, inking Strategic collaborations

The CEO Correspondent ● New Delhi

Spending 16 years in various well-known corporate companies and in various roles, L.A.Balamurugan decided to do something on his own and started a Management Consulting firm in Jan 2010. But he was not satisfied. His creative instinct was encouraging him to offer something, which would be very productive and unique. He co-founded Bookmytrainings.com with an idea to provide a platform that can assist individuals to discover, evaluate and choose right course for improving their knowledge and skills. Since 2011 the portal is serving individuals as well as enterprises and so far has helped more than five thousand learners and two hundred corporate HR/L&D managers. The platform not only keeps visitors updated about training related events, workshops, conferences, seminars happenings across cities in India, one can also find e-learning and online courses that can be taken from the where ever they are. In essence, if someone has a training need, they will get as many choices as possible for fulfilling that need because the marketplace contains programs from as many as 400 top-rated training companies in India.

Bookmytrainings solves the problem, where learners looking for right training or certification program are now able to discover, compare, evaluate and choose the right course among a number of programs. It also makes it easy for corporate L&D managers to nominate employees for public training programs. It is a neutral marketplace for training courses in India which aggregates training schedules across India in a single portal. Bookmytrainings provides its services via two business arms- Individual training and Enterprise business. Under Individual Training, Bookmytrainings offers career and professional training. Individuals get excellent support and can choose a certified programs. Its Managed L&D services ensures companies to focus more on their core competencies. If a training company joins Bookmytrainings, they will get benefit by reaching   larger audience.

Bookmytrainings provides a one stop shop solution to all  L&D and corporate HR managers.

Following are solution suiting Corporate:

Solution 1: Nominate 1 or more of your employees for upcoming public training workshops and professional events
Solution 2: Get a training workshop organized by Bookmytrainings for 1 or more of your employees at an outside location
Solution 3: Plan an in-house training for 1-100 of your employees with 100% customization

Solution 4: Managed Learning & Development – Bookmytrainings will manage the entire training needs of a company.

Bookmytrainings provides a win-win-win solution to corporate, individual and training companies. Availing their services enterprises get a single vendor that can cater to all kinds of training. Being a pioneer of training marketplace in India, Bookmytrainings  competes with  the companies like Coursera.org, Udemy.com, Shiksha.com and serve more than hundred SMEs, MNCs, large business houses. Accenture, General Motors, Edelweiss, Reliance, Aditya Birla group, Tata Communications, Novell and Unisys are among their marquee clients. The company’s future plans include strategies that are tailor made to suit the need of the contemporary skilled world. Bookmytrainings aspires to expand its horizons in other parts of the world. It aims to get 1000 training companies in their network by 2017 and improve user experience. 

Key Official

L.A.Balamurugan, Co-founder & CEO

L.A.Balamurugan has 20+ years of IT industry and consulting experience, who was briefly into consulting and training before launching Bookmytrainings.com. Bala drives the overall business strategy and execution at Bookmytrainings.com.

Under his stewardship, Bookmytrainings has bagged many prestigious awards like Redherring Asia 100 Award Finalist 2014. In the same year it was awarded NHRDN Promising Start-up Award. Recently the company has received Peoplematters – Best in Talent Management Award Finalist 2015.

Major Milestones for the company since founding:

  • 2011 – company founded in Bangalore
  • 2012 – Angel investment
  • 2013 – 250 branded training partners in network with 500+ catalogue programs, 50+ corporate clients
  • 2014 – Market recognition, more traction from corporate HR, increased web visitors
  • 2015 – Profitability, Launch of Managed L&D Services, 400+ partners, 5000+ individuals trained, 100+ corporate clients, 1200+ unique training programs offered.

The post Bookmytrainings aspires to expand services, inking Strategic Collaborations appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/12/bookmytrainings-aspires-to-expand-services-inking-strategic-collaborations/feed/ 0
How Startup Xperts helps StartUps to Excel in Business https://theceo.in/2015/12/how-startup-xperts-helps-startups-to-excel-in-business/ https://theceo.in/2015/12/how-startup-xperts-helps-startups-to-excel-in-business/#respond Sat, 26 Dec 2015 19:38:09 +0000 http://theceo.in/?p=3110 How Startup Xperts helps StartUps to Excel in Business By Editorial Staff Every startup begins their journey with an ambition of hi-growth but all startups cannot penetrate into target markets and they face issues like flat sales, negative or slow growth, dipping revenue, unable to differentiate and win customers, etc. Those hi-growth aspirant entrepreneurs may […]

The post How Startup Xperts helps StartUps to Excel in Business appeared first on The CEO Magazine - India.

]]>
How Startup Xperts helps StartUps to Excel in Business

By Editorial Staff

Every startup begins their journey with an ambition of hi-growth but all startups cannot penetrate into target markets and they face issues like flat sales, negative or slow growth, dipping revenue, unable to differentiate and win customers, etc. Those hi-growth aspirant entrepreneurs may have limited resources but still they wish to build a successful enterprise in a short period of time. Startup Xperts works on all these areas ensuring that all the units are aligned and work together, to ensure profitable growth. Even hiring a full-time CMO could be unaffordable for most startups; soStartup Xperts act as virtual CMO, CxO for other startups, and will be responsible for expanding their business opportunities and revenue potential. “ Having the right strategy, driven by right people, and executing at the right time, with all units like strategy, marketing, sales, and operations in great alignment, only can create bigger, positive impact.” feels Startup Xperts , an expert in building businesses.

Startup Xperts’ founder Mr Shyam Sekar S returned back to India from US in 2012, to pursue his passion of building entrepreneurs in India. He formed Startup Xperts in 2013 and in 2014 Startup Xperts took a step further to be Startup Xperts Business Consulting Pvt. Ltd.  Headquartered in Chennai and having presence in Bangalore, his business growth consulting firm Startup Xperts helps startups as well as SMEs to step up, and accelerate their revenue growth.  As a business builder, Startup Xperts has expanded right from business advisory to full-scale execution of strategies including marketing and sales functions. It has set up Digital marketing team to spearhead businesses, providing clients with major ammunition that helps them to differentiate, win deals (even with premium pricing). The company also act as advisor, leadership coach with $billion multinational companies of the US as well as India. Recently they have also set up ‘Board of Entrepreneurs’ a startup bootcamp / workshop for budding entrepreneurs, founders, in providing them a hands-on approach to build their business. The company generates it revenue through flexible revenue generation models that include Retainer fee, success fee, Services fee for smart digital marketing (for B2B and B2C both) and Project fee for coaching, mentoring for ground breaking innovation, and execution.

The Maverick behind the Success of Startup Xperts

Mr Shyam Sekar S

Mr Shyam Sekar S is the founder, Chief Mentor and Strategist of the company. Driven by passion to build entrepreneurial ecosystem, Mr Shyam Sekar S founded Startup Xperts , who brings over 22 years of experience in working with many corporate, multinationals, startups and about 15 yrs of expertise in international business. He has spearheaded global marketing and sales initiatives building many successful enterprises. Having lived sometime in the US, finally he returned back in 2012 to pursue his passion of building entrepreneurs in India. He also co founded Bangalore based Febler, a startup that is seen as Twitter of audio.

Shyam has BE (NIT, REC), MBA, and has also successfully completed Executive Management Program from Harvard Business School, Boston, USA. He has traveled to about 25 countries on business, and expanded opportunities across geographies.

Shyam Sekar, has been a part of other various national level startup initiatives. He is a mentor with Startup Weekend, Chennai (a Seattle based global initiative) and Advisor, Mentor of SMB Connect initiative, New Delhi. Apart from mentoring IIT-Kharagpur’s entrepreneurship initiatives Empressario, he is a member of South Chapter and Mentor with BYST, CII; he also contributes column and articles in business magazines. He has been a part of various events, conferences, on Digital marketing, SMB connect, Startup Grind, educational institutions, and a key speaker for NASSCOM Product forums/ events.

“Experience, expertise, commitment, trust, passion – these key factors make us unique.

We understand that no one-size-fits-all approach works.  So smart, effective, winning strategies are implemented to step up your revenue growth.  What worked well 3 or 5 years back, may not work today. It is all about picking the right strategies, doing right things, and pursue with finesse, to reach your set objectives.” Startup Xperts said.

“ It is all about execution and Startup Xperts walks with you that extra mile in not just devising these strategies, but also executes those plans, tasks, along with you; review and monitor, to ensure that goals are achieved.” they added.

With the passion to build 100 successful enterprises by 2020, the company would also like to expand their association with at least another 1000 aspiring entrepreneurs, through coaching, mentoring, startup bootcamp/workshop models and through BoE (Board of Entrepreneurs) initiative. Their other plans include creating ‘intrapreneurs’ within large enterprises to further fuel our ecosystem and being involved in various social entrepreneurship initiatives to make millions of life better. Startup Xperts aspires to work with funders (seed, angel investors or VC) in building their investee companies, and also to help them invest in right ideas/entities that have a well thought through business model. It also plans to work with Government, where necessary, to facilitate creation of entrepreneurship ecosystem that can provide additional support to further fuel Indian economy. For the betterment of startups and to enable them to expand business opportunities, Startup Xperts intends to join hand with VCs.

The post How Startup Xperts helps StartUps to Excel in Business appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/12/how-startup-xperts-helps-startups-to-excel-in-business/feed/ 0
Sunday- A Health conscious, new-age online mattress brand ..that offers customers high quality sleep products https://theceo.in/2015/12/sunday-a-health-conscious-new-age-online-mattress-brand-that-offers-customers-high-quality-sleep-products/ https://theceo.in/2015/12/sunday-a-health-conscious-new-age-online-mattress-brand-that-offers-customers-high-quality-sleep-products/#respond Thu, 10 Dec 2015 11:56:30 +0000 http://theceo.in/?p=3088 Sunday- A Health conscious, new-age online mattress brand ..that offers customers high quality sleep products A 100-nights risk free trial and Same Day Delivery are the USP of the brand Our Correspondent Sunday founder Mr. Alphonse Reddy’s vision was to disrupt the space by bringing high quality sleep products and services to Indian households. Alphonse […]

The post Sunday- A Health conscious, new-age online mattress brand ..that offers customers high quality sleep products appeared first on The CEO Magazine - India.

]]>
Sunday- A Health conscious, new-age online mattress brand ..that offers customers high quality sleep products

A 100-nights risk free trial and Same Day Delivery are the USP of the brand

Our Correspondent

Sunday founder Mr. Alphonse Reddy’s vision was to disrupt the space by bringing high quality sleep products and services to Indian households. Alphonse brings retail, operations and start-up expertise in Sunday (www.sundayrest.com), it is his second venture in the retail and sleep spac. Sunday is considered as India’s first sleep focused online start-up, that aims to offer internationally certified products such as Mattresses and Pillows that have been developed after extensive research of almost a year.

All key raw materials are certified by European agencies (Euro Latex, Oeko Tek 100) to make sure that the products are not only comfortable but meet international health standards. Sunday’s Latex Plus mattress is the first fully certified mattress in India.

Sunday sourced the latex from the most advanced factory in the world, in Belgium. The design of their marquee products was led by acclaimed Japanese designer, Hiroko Shiratori.

Since most mattress brands take 7-14 days for delivery, and dont really meet basic quality standards, customers usually don’t purchase these products online. But Sunday attracted customers by offering same day delivery of mattresses. Though it’s currently being offered only in Bangalore, it will be available soon in Chennai , Hyderabad, Mumbai, Pune, and Delhi. The customer is eligible for a 100% refund if they decide to return the mattress. Their products were also tested by people across different Indian cities in both summers and winter months to make sure that they are suitable for different profiles of customers in different climatic zones.

“ Sunday was started with a need to fill the gap in a space that is somewhat cluttered & confusing – it is not easy, after all, to choose a mattress. A key endeavor is to pair great products with a simplified and hassle free buying experience with special initiatives such as 100 nights risk free trial and same day delivery.” said an executive of Sunday.

Lead investors in Sunday include Anand Morzaria and other co-founders of PennyWise Solutions Private Limited – a digital services company acquired by Ogilvy & Mather in 2013. A team of highly qualified professionals operate the company, who comes with previous experience of running Fabmart (www.fabmart.com), India’s first and largest market place for sleep related products. The team has a collective experience spanning across companies such as Fabmart, Flipkart, KFC, Peter England, Delta Partners, etc. and with educational degrees from institutes such as BITS Pilani and INSEAD France.

Key Official
Alphonse Reddy
Founder & CEO, Sundayrest

Alphonse Reddy is the Founder & CEO of Sunday (www.sundayrest.com),India’s first online only sleep focused venture.
Prior to founding Sunday, Alphonse was the founder of Fabmart, India’s first and largest e-commerce market place focused on sleep related products. At Fabmart, he was instrumental in offering “100 night risk free trial” for mattresses, which was the first in the Indian market. The same is now being extended to Sunday products.

He comes with over a decade of experience across technology, sales & distribution, strategy and private equity domains. He worked with Flextronics and Sasken in London before joining Delta Partners to work in their strategy consulting and investment teams. Alphonse holds an MBA from INSEAD Business School, France and is a graduate in Engineering from BITS, Pilani.

Alphonse returned to India to pursue entrepreneurial opportunities in the burgeoning online retail and technology space, where he founded Sunday. Travelling is his passion; he has traveled to or worked in over 40 countries as of now.

The post Sunday- A Health conscious, new-age online mattress brand ..that offers customers high quality sleep products appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/12/sunday-a-health-conscious-new-age-online-mattress-brand-that-offers-customers-high-quality-sleep-products/feed/ 0
To be attributed to Mr. Samir Saraiya-ThatsPersonal.com https://theceo.in/2015/12/to-be-attributed-to-mr-samir-saraiya-thatspersonal-com/ https://theceo.in/2015/12/to-be-attributed-to-mr-samir-saraiya-thatspersonal-com/#respond Thu, 10 Dec 2015 11:45:13 +0000 http://theceo.in/?p=3085 To be attributed to Mr. Samir Saraiya-ThatsPersonal.com Right from the onset, we wanted to do something innovative. When we thought of starting we realized almost all E-commerce companies in India were playing on three pillars namely, ‘convenience’, ‘price’ and ‘choice’. We decided to launch a fourth pillar called ‘privacy’ to be the leaders in the […]

The post To be attributed to Mr. Samir Saraiya-ThatsPersonal.com appeared first on The CEO Magazine - India.

]]>
To be attributed to Mr. Samir Saraiya-ThatsPersonal.com

Right from the onset, we wanted to do something innovative. When we thought of starting we realized almost all E-commerce companies in India were playing on three pillars namely, ‘convenience’, ‘price’ and ‘choice’. We decided to launch a fourth pillar called ‘privacy’ to be the leaders in the discreet purchase and delivery by innovating and partnering with relevant eco-system partners. We researched a lot of products that would fit well under the ‘privacy pillar’ and shortlisted a few categories that suited a great business model. We finally hit upon the latent and unrealized need of sexual wellness products in India.  After significant research and effort, we sourced the top products from various international brands across the world and grouped them under various categories to deliver width and incredible varietywhich led to the eventual creation of the brand ‘ThatsPersonal.com’. Our focus is on ‘sexual wellness’ as we believe we are solving a genuine customer purchase issue in India.

Being India’s first and largest e-commerce portal that deals in Sexual Wellness Products, our value proposition revolves around helping Indians celebrate their intimacy and achieve a fulfilling sex life. Our research told us that consumers are interested in personal products but they do not wish to publicly acknowledge their interest. So besides sourcing the world’s best brands, we wanted to make it conducive for Indians to shop discreetly, keeping in mind Indian customs, traditions and social sensibilities.

We are the first and only players in the E-commerce industry that provides the facility of self-pickup and discreet delivery. We are one of the few shopping sites that promotes ‘guest check out’. We request the customer for minimal information which primarily relates to the delivery details. We pack the products in non-branded packing materials and we seal it with a translucent tamper proof envelope.

Besides selling through ThatsPersonal.com, we also sell these products through our other two channels: Online Distribution via Top 15 Indian Marketplaces like – Flipkart, Amazon, Ebay, Snapdeal etc. and also offline through select pharmacies.

We have a wide variety of products for men & women. The products range from erotic lingerie and innerwear (men and women), condoms, lotions, lubricants, massage oil, games, gifts, fun products and literature. We also have a classification of gifts according to usage- first timers or advanced users.Over a period of the last two years, we’ve observed through research and historical data that major purchasers on our site are both males and females between the ages of 22 – 40 years.

ThatsPersonal.com has changed the adult market in India single-handedly, an achievement acknowledged not only by Indian media but international media as well. Members of the erotic trade/industry have congratulated ThatsPersonal.com on our unprecedentedsuccess. Besides EAN, which has been a great support, we also have had mentions in other trade publications like ETO and XBiz. We’ve have had some great articles published in Vocative (New York), and Yahoo! in India that talk about the bold step we have taken.

Prior to the launch, some of the international brand owners must have been skeptical about the launch of India’s first adult store. Today, we are sure that almost all the brands that we have partnered with, are happy to see their products being extensively covered in the media. Our strategy has been to make the products their PR hooks, and get them strategically placed at the right places to build an interesting consumer story. This has been an important focus and promise to our brands and we are clear that our job is to build the international brands in India and grow the Indian market.

In 2015, ThatsPersonal.com received an award for the ‘Most Innovative E-commerce Company’ by E-Tailing India. I was also ranked among the Top 25 Most Talented E-commerce Professional in India by CMO Asia. ThatsPersonal.com has consistently been ranked among the top startups by organizations such as VCCircle and SutraHR. Recently, we also bagged Paul Writer Summit’s Hot Fifty Awards for innovative and disruptive presence in the e-commerce segment and were ranked amongst the ‘Top 10’ alongside industry bigwigs like ICICI Bank, TCS and Cipla amongst others.

ThatsPersonal.com is having a dream run so far. With a projected revenue run-rate of 3 million dollars this year and YOY growth of 600% last year we’re the biggest and the only consumer brand in this category in the country!

The post To be attributed to Mr. Samir Saraiya-ThatsPersonal.com appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/12/to-be-attributed-to-mr-samir-saraiya-thatspersonal-com/feed/ 0
Capricoast partners with Sleek and Spacewood to strengthen services in 200+ Cities https://theceo.in/2015/12/capricoast-partners-with-sleek-and-spacewood-to-strengthen-services-in-200-cities/ https://theceo.in/2015/12/capricoast-partners-with-sleek-and-spacewood-to-strengthen-services-in-200-cities/#respond Thu, 10 Dec 2015 10:59:12 +0000 http://theceo.in/?p=3075 Capricoast partners with Sleek and Spacewood to strengthen services in 200+ Cities By Editorial Staff Since Indian lifestyle is changing fast, the modular furnishing (Kitchens & Wardrobes) industry has witnessed phenomenal growth as a category in the last 5 years. It  has become an essential pre-move in purchase for new home-buyers. The industry in India is pegged at […]

The post Capricoast partners with Sleek and Spacewood to strengthen services in 200+ Cities appeared first on The CEO Magazine - India.

]]>
Capricoast partners with Sleek and Spacewood to strengthen services in 200+ Cities

By Editorial Staff

Since Indian lifestyle is changing fast, the modular furnishing (Kitchens & Wardrobes) industry has witnessed phenomenal growth as a category in the last 5 years. It  has become an essential pre-move in purchase for new home-buyers. The industry in India is pegged at $10 bn, a large part of which is unorganized. While a handful of both Indian and International brands exist, the large part of the demand continues to be fulfilled by small interior design firms and local carpenters. India’s only marketplace for home solutions CapriCoast, aims to organize the highly-fragmented and unorganized modular furnishing market in India. The company plans to provide customers with a wide spectrum of premium products and the best price in the industry.

Within only nine months, Capricoast has furnished 100s of homes. There are quite a few companies that have come into an online led-interior space, which is the closest comparable to CapriCoast. But most people are taking a complete vertical stack ( own manufacturing / showrooms etc ) approach or trying to do it in a complete online manner with white labeled suppliers. Capricoast provides customers with a wide spectrum of premium products and the best price in the industry.

Founded in January of 2015, the Bangalore based start-up raised $1.25 million in a  seed round led by Accel Partners India earlier this year.The start-up has invested this funding towards building its technology platform, hiring key talent and marketing. They launched unique marketplace platform by partnering with Spacewood and Style Spa. Just recently they tied up with Asian Paints subsidiary Sleek International, by partnering with Sleek International,  over 30 plus Sleek showrooms would now be accessible to Capricoast customers As of now this service is available in 15 cities and will soon be in 50+ cities with a showroom network of 200+ .

With its fifty employees, CapriCoast.com is pioneering the O2O (online to offline ) model, which enables modular furniture brands to take their extensive showroom network online, thus significantly increasing their visibility and customer reach. With this model, customers can now begin their modular furniture purchasing journey online – exploring an extensive design catalog, customizing their design with free consultations, and then buy online or experience their design offline at these brand showrooms and buy from there. From the customer’s research and discovery phase and personalized service of home consultations and showroom visits, to on-site installation and after-sales support, we provide constant support every step of the way.

  For their supplier network, CapriCoast will be significantly increasing their showroom capacity utilization, providing faster returns on capital already deployed.

“We will be investing heavily into technology to improve the on-platform customization and personalization capability. We also intend to be launching other solutions for the home early next year.” said a senior executive of CapriCoast. 

He added “We don’t have anyone else operating in this model. That said, there are quite a few companies that have come into an online led-interior space, which is the closest comparable. But most people are taking a complete vertical stack ( own manufacturing / showrooms etc ) approach or trying to do it in a complete online manner with white labeled suppliers.

Key Executive
Jawad Ayaz
Founder & CEO , Capricoast.com

Jawad Ayaz is a serial entrepreneur and Capricoast is his second entrepreneurial venture in home furnishing. Prior to Capricoast , Jawad founded Zansaar.com,  India’s first online retailer offering a comprehensive range of home, garden and world food products, sourced from India and across the globe. Both Capricaost.com and Zansaar.com are funded by Accel Partners. 

 20 North, Openera, Xybridge Technologies, Ind – Telesoft pvt ltd,etc. are few other companies that Jawad started in the wireless technology space through 1995-2011

CapriCoast.com’s O2O model brings in higher capacity utilization for partners, and a large part of that is passed on to the customer, making it possible for the price of a world class modular kitchen to be 20% lower than any other comparable offerings in the market without any compromise in quality.

Being asked by The CEO Magazine, CapriCoast said  at CapriCoast, we are building India’s only market place for buying “solutions”. There is a key difference from a  “product buying” platform, which is what traditional ecommerce, is. The key nature of “solutions” is that there is an aspect of on platform customization & spatial fit. We launched this unique marketplace platform by partnering with Spacewood and Style Spa and soon expect to have all the major brands signed up.”

The post Capricoast partners with Sleek and Spacewood to strengthen services in 200+ Cities appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/12/capricoast-partners-with-sleek-and-spacewood-to-strengthen-services-in-200-cities/feed/ 0
Apollo International Helping Traditional Players Enter Online Retail Space https://theceo.in/2015/11/apollo-international-helping-traditional-players-enter-online-retail-space/ https://theceo.in/2015/11/apollo-international-helping-traditional-players-enter-online-retail-space/#respond Tue, 24 Nov 2015 04:13:59 +0000 http://theceo.in/?p=3031 Apollo International Helping Traditional Players Enter Online Retail Space The e-commerce space is growing at an exponential rate in India with newer players joining the already crowded space. The industry itself may reach $100 billion by 2020. However,amidst all these growth stories and escalating valuations traditional retailers, who comprise of 90 per cent of the […]

The post Apollo International Helping Traditional Players Enter Online Retail Space appeared first on The CEO Magazine - India.

]]>
Apollo International Helping Traditional Players Enter Online Retail Space

The e-commerce space is growing at an exponential rate in India with newer players joining the already crowded space. The industry itself may reach $100 billion by 2020. However,amidst all these growth stories and escalating valuations traditional retailers, who comprise of 90 per cent of the entire retail market in India, are suddenly feeling left out.

These offline players may be a little late to the party, but they are trying to compensate this delay with their in-depth knowledge of the retail market. However, knowledge of the traditional market may not be sufficient to play the new game being played on the online space. Among the challenges faced by these new entrants include understanding & exploiting the ever-evolving digital technologies and also the massive logistical infrastructure needed to reach the doorstep of every customer across the country.

It is in this setting that Raaja Kanwar, the founder of Apollo LogiSolutions, among the fastest growing logistics players in India, decided to partner with LYCOS to provides end-to-end solutions for traditional retailers who want to join the e-commerce bandwagon. The new joint venture – ApolloLYCOS Net Commerce (ALN)– aims to provide cutting edge technology and solutions to those offline retailers who are now looking at extending their presence in the digital market.

ALN plans to design, develop and sustain e-commerce platforms for brands by enabling a full-cycle fulfilment. The exhaustive list of services provided include setting up of platforms, online brand promotion, digital marketing of their products and services, driving engagement and sign ups, fulfilling orders and inventory tracking and management, order delivery and reverse logistics. All this without compromising data security and consumer privacy,

“We saw that many traditional retailers had their eyes set on the e-commerce space. But lack of expertise and shortage of talented resources prevented many of these players from entering the cut-throat space of online retailing. It is thereby we thought of joining hands with Lycos to offer the best of our respective expertise and credibility to customers who are all geared up to claim their space in the growing ecommerce market in India” said Raaja Kanwar.

A business-to-business company, ALN’s strength will also lie in leveraging the technology and digital marketing services of companies and providing a unique service to clients. The focus will be on enabling offline retailers, domestic, international brands and even shopping malls to promote more online and expand their customer base.

The joint venture also saw the entry of LYCOS in India. LYCOS, which is one of the original and most widely known Internet brands in the world, has today become one of the biggest global one-stop shop for the e-commerce world. LYCOS’ expertise ranges from digital media, marketing, and Internet of Things. The entity also heavily banks on the logistical prowess of Apollo LogiSolutions. Customers of ALN will benefit from the company’s 800000 sq.m of warehouse capacity, a presence in over 100 countries and 3 terminals spread across the country.  The capacity and reach are expected to grow further in the next few years.

“Among the biggest advantages our partnership offers is that we make the operations of our customers more efficient, lean and profitable. The combined expertise of Apollo LogiSolutions and Lycos will empower retail brands with the best techniques & customized strategies which will help them leave a mark on the online retail space in India. ALN’s endeavor is also to bring unique digital shopping experience to Indian consumers, where they can interact directly with global brands they love” added Mr Kanwar.

The post Apollo International Helping Traditional Players Enter Online Retail Space appeared first on The CEO Magazine - India.

]]>
https://theceo.in/2015/11/apollo-international-helping-traditional-players-enter-online-retail-space/feed/ 0