Daily Capsule

Take the risk - your startup fix for the week

Team YS
29th Jul 2019
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Mark Zuckerberg said, “The biggest risk is not taking any risk… In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” 


The founder and CEO of Facebook started his venture from his college dormitory with his roommates. And it paid off. At 23, he became the world's youngest self-made billionaire. Today, he is worth over $50 billion, while Facebook clocked revenue of more than $55 billion in 2018.


Closer home, we have a similar story. Meet Rehan Netarwala and Mihir Lunia. The childhood friends decided to start up and bootstrapped their startup Savage and Palmer in 2017 with just Rs. 5,000, after completing their MBA course.


Today, the team of over 150 claims to be profitable and the company is targeting $1 million in sales in FY20. The co-founders also say that Savage and Palmer has been witnessing 5x revenue growth since its second year.


Savage&Palmer

Savage & Palmer founders Mihir Lunia and Rehan Netarwala realised that together they could run accounting operations and tap technology to provide meaningful financial reports to clients.



Inspired enough? We also have a series of startup stories to boost your Monday!


From trading coffee to building a commodity management startup


Be it agriculture or manufacturing, mining, energy, and metals, commodities trading requires taking a lot of timely risk management measures to absorb market volatility. Seeing the need for tech intervention in the commodities trading space, Manav Garg, a coffee trader, started Eka Software, a commodity management software solutions firm, in 2004.


Manav Garg with his Bengaluru team

Manav Garg with his Bengaluru team



GetToWork faster and cheaper with MoveInSync’s commuting service


Did you know that an average Indian spends around seven percent of their life just commuting to work? Thanks to congested roads, a difficult public transport system, and no available cabs. Studies say that it takes about 53 minutes to reach your workplace, especially in large metros. This is where Bengaluru-based tech startup MoveInSync comes in. Its new service ‘GetToWork’ attempts to lower the hassles of daily commutes.


moveinsync Deepesh


Inside Delhi-based govtech startup CivilCops


Ashish Sharma believes that tech can boost government efficiency and responsiveness, and increase citizen trust. CivilCops, his social intelligence startup, aims to empower citizens and help authorities make public service delivery more effective.


civilcops

Ashish Sharma, Founder and CEO, CivilCops



Rapawalk wants to get a foot in the door with handcrafted shoes


Online shoe startup Rapawalk is bringing the world to Indian men’s feet. In a conversation with YourStory, Co-founders and IIM alumni Kashif Mohammad and Aravind Madireddy reveal why they launched a range of handcrafted, Italian leather shoes, and the path they want to traverse now.


Rapawalk founders

Kashif Mohammad and Aravind Madireddy, alumni of IIM-Ahmedabad’s 2014 batch, started online shoe startup Rapawalk. to give Indian men a taste of Savile Row.



AV Organics makes India’s first bottled black alkaline water


Founded in 2018 in Vadodara, Gujarat, the startup launched its first product Evocus - bottled black alkaline water - this June. The first-of-its-kind in India, this kind of water already has many takers world over, claim the founders. But what is so intriguing about water being alkaline? 


AV Organics

Team AV Organics



Finnable wants to make credit available to SME employees in a minute


Furniture, appliances, vacations…our “wants” keep increasing with every paycheque. But often, it’s not possible to have it all in a salary. Enter Bengaluru-based fintech startup Finnable, which aims to make personal and consumer loans available in less than one minute.


Finnable

Amit, Nitin and Viraj



Former ISRO scientists want to privatise space with their startup


Among the many solutions offered by spacetech startups, Skyroot Aerospace is sending small satellites weighing less than 500 kg into space in a short time. While customers need to wait for six to 24 months to get a seat on a launching vehicle to send their satellites into desired orbits, Skyroot Aerospace can do it in a week.


Skyroot Aerospace

The Skyroot Aerospace team is sending small satellites weighing less than 500 kg into space in a short span of time.



Use Amazon Alexa for cooking, thanks to AI startup Klove Chef


Rajan Anandan-backed conversational AI startup Klove Chef’s connected cooking platform guides users right from the meal planning stage to the finished dish - all through Amazon Echo or Google Home devices, and soon smartphones too.


Klove Chef_ smart speakers

Klove Chef looks to reach two million consumers by mid-2020 and tens of millions by the following year.


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