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Emerging Startup Stories

Intelex: A Business Model That Is Futuristic In Ways The Tech World Hasn’t Seen

Smruthi Kishore

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When you think of tech, what comes to your mind first? Boring engineering work and creating apparently interesting solutions, right? Wrong. There are some people who love what they are doing and do it with a unique passion.  Intelex Systems Inc., does exactly that and much, much more. Founded in the year 2009, Intelex Systems Inc., broke away from the ordinary by believing in everything technology has to offer. The foundation for the company was laid when like minded individuals came together to enter a world people were terrified of since the beginning – Artificial Intelligence. Intelex believes that artificial intelligence is the key to unlocking a world where things are unique.

What is their end goal, you ask? To set the path for future aspirers. When one looks at their intricate working systems, one realises that the team acts as the perfect liaison between the technical and business team, thereby creating comprehensive strategies pertaining to their business needs. Intelex is set apart from the rest of the crowd primarily because of one important point. “We believe in building relationships. Relationships in turn build businesses.” says Suhasa Gottumukkala their key business development and marketing person.

While we offer services which are just like every other IT company, “we add the personal touch.” Sreenath Bangaru, Managing Director, Intelex Inc., USA, said,”We have make sure to personalise everything we do. From Big Data to Customer Relationship Management, we have helped some of the some of the world’s most successful organizations effectively manage mission critical applications to ensure round the clock availability. We help our clients proactively solve issues before users are affected and react faster to market opportunities than competitors. We collaborate with our clients to understand their business, in order to deliver robust enterprise application management solutions that reduce costs, minimize risk, improve Return On Investment (ROI) and support their long term objectives.”

While they have set a solid base on their current work, Intelex has an impressive five year plan. At the moment, the company is investing quite heavily in its AI program called the 10AIS. Through this program, Intelex plans on creating its own unique combination of Big Data, Analytics and AI. The next five years will see the emergence of a force to be reckoned with. Intelex plans on revolutionizing the tech industry with the help of intelligent systems capability of learning and adapting by using the huge volumes of data to bring phenomenal shifts to industries and businesses with their services and products.

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Emerging Startup Stories

When Kickstarter Was Kickstarted!

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The summer of 2009 was quite remarkable for Perry Chen, Yancey Stricker and Charles Adler. It was that time of the year when their dream website Kickstarter was launched! Kickstarter is a New York based public benefit corporation known for building a global crowdfunding platform. The company brings creative projects to reality and is the go to platform for many entrepreneurs! There ain’t no middlemen, no loans and no grants. Sounds cool, right?

The inception of Kickstarter!

Back in 2005, the mastermind Perry met Yancey Strickler and they became good friends. In a friendly conversation, the duo started scribbling on a whiteboard their exceptional thoughts with regard to a crowdfunding platform! Later, Perry convinced his friends to give him a little bit of money. Months later, Perry was introduced to Charles Adler and so the rest you know! The three of the great minds started working on their ideas and turned it into a website.

After years of research, they finally launched the website in 2009 which was then flooded with tons of investors and projects.

Perry Chan, along with the American media editor, Yancey Stricker and American Web designer, Charles Adler came up with the idea of launching a website for the purpose of crowdfunding. Post the launch of their website, the founders spread word about Kickstarter in their friends circle. However, projects started coming in and people stepped up to support projects consequently. In January 2010,  the team moved into a tenement building in the Lower East Side of Manhattan. From 3,910 successful projects and $ 27,638,318 pledges in 2010, the firm was reaching new heights already! This was followed by 18,109 successfully funded projects and $ 319,786,629 pledges in the year 2012. In the year 2013 Perry stepped down from the position of the CEO and went on to become the Chairman. He was replaced by Yancey Strickler. The year of 2014 brought the company a huge raising $ 13.28 million, which became the most funded Kickstarter project in history!

Here’s what makes Kickstarter so interesting!

Kickstarter does not rely on affluent investors. The company opts for crowdfunding, in which loads of smaller investors make contributions. The investment could be as little as a $ 1 and there are basically no restrictions. The company generated its revenue by assessing a fee of 5 percent from projects that reached or surpassed their funding targets. Projects that did not meet their funding goals within a specified time period did not receive any money pledged to them, and they were not subjected to the fee. The company so far has funded thousands of projects from investor donations resulting in several hundred million dollars. Isn’t that huge?

Kickstarter has become extremely important in the startup ecosystem! From entrepreneurs to investors, Kickstarter is one damn platform that could get you what you desire!

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Emerging Startup Stories

Zivame: Founding Story

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Back in the day, talking about lingerie was a taboo in India. However, times change and so do people!

An enthusiastic MBA student, Richa Kar, developed an online lingerie shopping platform in the year 2011.

The company had so far, raised $ 9 million from IDG Ventures India, Kalaari Capital and Unilazer Ventures. Alongside, Zivame counts Ratan Tata as an investor. Now that is big! Currently, Zivame is India’s leading online lingerie store which offers a variety of 5,000 styles, 50 brands and 100 sizes with a valuation of $100 million.

 

Zivame is probably the first in the online lingerie platform in India!

 

From then to now!

 

Richa Kar completed her engineering from BITS, Pilani, followed by her management studies from Narsee Monjee Institute of Management Studies in 2007.

Later, she worked for SAP Retail Consulting during which she found herself working for the famous lingerie company Victoria’s Secret.

The brilliant idea for her own lingerie business came to light when Richa tracked Victoria’s Secret’s sales, who was one of her clients at SAP. She observed the lingerie sales figures reached peaks overseas but, Indian women were not provided with the similar innerwear. While Richa was studying the Indian lingerie market, she realized the social embarrassment in India surrounding lingerie shopping. It was causing several problems for women as well as retailers.

Richa researched many lingerie stores and found out that women were uncomfortable buying inner wears as the stores had male salesperson.

 

In order to solve the issues, Richa came up with Zivame!

The name Zivame comes from a Hebrew word radiance. So, the main motive of this young lady Richa, is to help women understand their lingerie needs and purchase them without any kind of embarrassment.

 

Post the launch of the website, there were questions raised on the image of Richa’s family in the society. Her friends and family members wondered if she had to admit she was selling bras and panties on the web in the typical Indian language. Initially, Richa faced a lot of pressure but that didn’t stop her from achieving her goals!

 

There were a lot of people who also made fun of her business!

Richa couldn’t even find a place on rent because the landlords asked her what she was doing and she had to tell them she sold clothes online.

 

Richa says,

If you are strong, focused and passionate about what you want to do, everything falls in place.

Zivame also partnered with several media channels that launched Zivame bra advertisements that created awareness among women!

Alongside, the website also provided customers with the option of returning the products as well! With time, Zivame started getting positive response from its buyers!  

 

Richa’s first client was a man from Indore who bought materials worth Rs 7,000 and from then there was no stopping! Since the inception of Zivame, it grew from a small firm to a company of more than 200 employees. With her dedication toward her idea and work, Richa built Zivame which is now worth more than Rs. 681 Crore.

The online lingerie shopping platform Zivame, claims growth of 300% yearly! The company received its first funding of $ 3 million in May 2012, followed by another funding of $ 6 million in Dec 2013 and $ 40 million in 2015.

 

Zivame.com, now have more than 5 million followers and more than a million visitors per day.

According to Richa,

Worldwide, lingerie is the most exciting category in the women’s apparel segment. The Indian woman, who is more confident than ever before is indulging herself in lingerie to express her individuality. Zivame is the catalyst of this change; using technology to understand her better and providing her an unsurpassed lingerie experience.

 

So, If you have zeal like Richa Kar, you can achieve anything and everything!

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Emerging Startup Stories

Test And Turn Your Passion Into A Career With Lemonop!

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India is one of the very few countries blessed with an abundance of creative and young minds!

In a digitalised world that is rapidly changing the work environment, more and more people are opting for gigs.

So, what exactly are gigs? Gigs are basically one time projects or short term assignments. Gig offers flexibility, choice, control and independence. You choose what projects, when and where to work! How much you earn depends on either the quantity of work you take on or the difficulty level of the project.

The new era of startups in India is complimenting this freelancing market. Most technology startups need youngsters to shape their products and service offerings but can’t afford full time employees. As a result, they are opting for freelancers with whom they can engage for specific project deliverables and shorter period of time!

Lemonop, a Bengaluru based startup was created as a platform which could provide multiple opportunities. The projects are exclusive to youngsters and created by amalgamating technologies and companies to make a better world for creative minds!

With Lemonop, not only can you gain experience but you can also embrace opportunities in your areas of interest and passion!

Lemonop brings an opportunity for passionate young people who want to explore short term gigs in their areas of interests. This Bengaluru based startup has a lot to offer young minds who want to explore relevant options for their careers. With the gig lifestyle in rise, people today don’t want to be bound to the shackles of corporate culture, where they strive hard to climb up the corporate ladder, rather they would like to be more entrepreneurial. It helps people try out different career paths before sticking to just one. You can later move ahead with the desired career path after trying out a gig in the respective area of interest with the company.

Here’s what Lemonop has to offer you!

Students and graduates can gain work experience without a job.

Alongside, they can get exposure to unique industries and pursue opportunities which can earn them money as well. Youngsters also get the opportunity to build a network with like minded people and climb up the ladder in their required areas of interest. Businesses benefit by getting work done by talented youngsters who could be their future employees and consumers!

What makes it more interesting is Lemonop allows companies to come up with assignments which are posted online. Interested students can browse and apply for any project that catches their eye. The firm has a dedicated website and an interesting mobile app for students and companies to make the workflow convenient and easy! They can post, apply, communicate and select the jobs they want from the available list.

The app offers a variety of opportunities in different industries including travel, food, blogging, coding, marketing, graphic design, content writing, fashion, photography, stand up comedy, music and much more.

The CEO of Lemonop, Swaroop Chand says, “Going forward, gig economy will play a large role in the transition, helping people try out different career paths before committing to one.” Lemonop is currently available for web and Android devices. For more details, you can visit the website www.lemonop.com

The gig trend is definitely on the rise and with the approach to the future generation, we have the potential to power India to the top of the gig economy!

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