Tag: Business

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The post From Ideation to Impact: How Conquest BITS Pilani is Fueling India’s Startup Journey first appeared on PNN Digital.

New Delhi (India), June 5: With the number of startups skyrocketing from 3100 in 2014 to nearly 90,000 in 2023, India has solidified its position as the third-largest startup ecosystem globally, trailing only the United States and China. Additionally, it’s adding around 80 startups daily, the highest figure in the world.

While India’s startup ecosystem is brimming with potential, it is vital to acknowledge that startups often fail to navigate the intricacies of the competitive and constantly evolving business landscape. They struggle to secure funding, build sustainable business models, attract and retain talented employees, and differentiate themselves from the competition. As a result, many promising ideas and ventures fall by the wayside, unable to reach their full potential.

The high failure rate is a harsh reality of the startup world, where the path to success is paved with uncertainty and risks. It underscores the importance of providing comprehensive support and resources to startups, including mentorship, access to capital, networking opportunities, and a conducive regulatory environment. Conquest BITS Pilani, India’s first and largest student-run startup accelerator, has emerged as a pivotal platform, nurturing and empowering the next generation of entrepreneurs in India. Specially catering to early-stage startups, it offers an extensive 7-week hybrid program established with the vision to transform ambitious ideas into successful ventures.

At Conquest, startups get to network with the ecosystem’s leading figures and engage in insightful sessions led by luminaries like Nithin Kamath from Zerodha, Aadit Palicha from Zepto, and Dev Khare from Lightspeed, among others. These sessions go beyond surface-level discussions, delving into the core elements that shape the startup ecosystem and are accompanied by investment workshops by leading VC firms like Accel and WestBridge that cover the nuanced aspects of fundraising.

Mentorship lies at the heart of Conquest’s approach. With its network of 100+ CXOs, founders, and directors from leading organizations like Unacademy, Razorpay etc. and matching algorithms ensuring targeted guidance in areas where assistance is needed, entrepreneurs learn to navigate the complexities of the startup journey, whether it’s refining business models, devising growth strategies, or overcoming operational hurdles. The mentorship relationships formed during the program often extend beyond their duration, creating long-lasting connections and an invaluable support system.

Following the 6-week long online phase, Conquest enters the Inflection phase, marking an important milestone for the startups. One of the key highlights of this week-long offline phase is the mock pitching sessions, which ensure that the startups are ready for Bangalore’s most awaited startup event, the Demo Day, where the cohort participates in shark tank-style pitching to India’s top VCs and angels. The most promising ones are awarded equity-free grants worth Rs 30L+.

Throughout its 18-year journey, Conquest has witnessed remarkable success stories. Thinkerbell Labs, with their self-learning braille device Annie, secured an investment of Rs 1.05 Cr on Shark Tank India Season 1, and have been lauded by PM Narendra Modi, INDIAai, TIME, and others. Other notable alumni include Bitespeed, which is backed by the likes of Kunal Shah and Sequoia Surge, and Social Cops, which turned into Atlan, a $500M company.

Conquest is set apart by the fact that it’s entirely run by a dedicated team of 30 undergraduate students. This student-led approach infuses Conquest with a fresh perspective, vibrant energy, and a deep understanding of the challenges faced by aspiring entrepreneurs. However, Conquest’s impact extends beyond student-run startups, welcoming ventures from all corners of the country.

In the words of Ashish Singhal, Co-founder and CEO at CoinSwitch & keynote speaker at Demo Day ’22, “Amazing is the word I would use. This is the kind of environment India is looking forward to. India is now building companies, global companies. Lucky to see the energy in the room from amazing entrepreneurs building amazing products at Conquest.”

Backed by WestBridge Capital, Conquest has returned with its 19th edition this year. With 2000+ startups already registered and a lineup of exciting events, it is all set to be the grandest edition yet. Aspiring startup founders can visit conquest.org.in to get registered.

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New Delhi (India), June 5: Mr Sunint Chadha, the managing director of BSJS Jewellers, sheds light on whether Hallmark Unique Identification Number (HU-ID) is a boon or a bane for consumers in getting their hands on pure gold jewelry. Before discussing the pros and cons of HUID, Mr. Sunint Chadha decodes what HU-ID is in a very simple way for our readers.

He is of the firm belief that HU-ID is just like the unique chassis number of the vehicle. This six-digit HU-ID will be unique to each piece of jewelry and makes it easy to trace the individual piece of jewelry, and is a guarantee of quality.

BSJS Jewellers is a 90-year-old brand, and Mr. Sunint Chadha is the third generation from his family that is involved in the line of jewelry work. He explains how over the span of the last few years, things have become very transparent not just for the consumers buying Gold, but also for the jeweler community.

The founder of our company had a goal in mind, and that goal was to develop a trusted, appreciated and renowned reputation in the jewelry industry of New Delhi. The introduction of the HU-ID number helps us in achieving that goal, as it increases the credibility of our products and instills the trustworthiness of our clients in our stores.

When one buys hallmarked jewelry, be it the consumer or any of us from the jeweler community, it prevents fraudulent activities from taking place. A customer cannot certainly be ever cheated if there is an HU-ID number on jewelry. Even when the consumers want to sell their gold jewelry, this number will enable them to sell at a good resale price. Vice versa, we jewelers can also not be cheated when we buy back jewelry from our customers. Therefore, it is a win-win for both customers and jewelers.

Apart from ensuring good quality and good re-selling price, HU-ID numbers are easy to access and anyone can check and authenticate hallmarked gold jewelry items with a HUID number using ‘verify HU-ID’ in the BIS CARE App

Mr Sunint Chadha is certain that this step of the Government will safeguard and protect consumers’ rights and enhance their confidence in the purchase of hallmarked gold jewelry with traceability and assurance of quality.

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Mumbai (Maharashtra) [India], June 5:  Arihant Capital, the country’s leading financial services firm, kickstarted its “Earth Campaign” in collaboration with award-winning 10-yrs old environmentalist Prasiddhi Singh. This campaign will focus on undertaking plantation drives and creating awareness about the need to make conscious choices that will help combat climate change.

Shruti Jain, Chief Strategy Officer at Arihant Capital, expressed her enthusiasm for the initiative, stating, “We are proud to have collaborated with Prasiddhi Singh in our mission to create a greener and more sustainable future. Through our tree plantation drives, we have taken a step towards contributing to environmental conservation and improving the overall health of our planet.”

Shruti further adds says, “Every company needs to step up their sustainable initiatives and not engage in greenwashing, which is rampant in every sector, including the financial sector. Environmental sustainability must be a part of every company’s business strategy, and at Arihant, we are trying to make the best efforts towards the planet. We are not perfect, but we are learning, improving, and doing every bit possible.”

As part of the campaign, Arihant Capital successfully completed tree plantation drives in Indore this weekend with the young kids. Ms Shruti Jain said on the occasion, “Teaching kids about the environment is important to their future and the future of the planet.”.

To encourage the involvement of youth and other stakeholders, the company will hold various plantation drives for the next 3-months and promote dialogues through these drives on various aspects of sustainable living.

Through their investment newsletter and blog, Arihant Capital also educates investors about sustainable investing and ESG investing. Experts at Arihant also assist environmentally conscious investors in building their sustainable portfolios.

In line with its commitment to technological innovation, Arihant Capital has also introduced a new onboarding platform. This advanced platform integrates machine learning technologies to ensure a smooth onboarding process for users. The platform enables seamless identity verification for clients by leveraging secure databases from NSDL (National Securities Depository Limited) and UIDAI (Unique Identification Authority of India). Additionally, it incorporates a secured penny-drop bank verification process, eliminating the need for physical documentation or in-person verification. This new eKYC journey not only enhances convenience for clients but also significantly reduces the carbon footprint associated with traditional KYC processes. You can get your account opened in less than 7 min without any paperwork.

Ms Jain remarked on the company’s commitment to environmental responsibility, stating, “By embracing cutting-edge technologies, we can ensure a smooth investing and trading experience for our clients while contributing to a greener environment. Our new paperless eKYC platform and mobile trading app with an integrated reporting system is part of our ongoing efforts to reduce our carbon footprint and make investing journey super easy and smooth for investors.”

Furthermore, Arihant Capital has implemented several initiatives toward reducing its carbon footprint and waste. Through comprehensive media campaigns, employees and channel partners are educated on the environmental impact of plastic bottles, encouraging the adoption of reusable alternatives. Additionally, the company has implemented point-of-use (POU) water filtration systems in their offices nationwide, minimizing the reliance on single-use plastic bottles. The company has also installed energy-efficient LED lights at its offices across the country.

As a socially responsible organization, Arihant Capital follows a meat-free policy across all its offices and events. The company is committed to promoting a sustainable and compassionate approach by not serving meat or other animal-based foods at all company events. This policy extends to employee meal expenses.

These initiatives collectively reflect Arihant Capital’s unwavering commitment to fostering a sustainable future and positively contributing to both financial and environmental health.

Visit: https://www.arihantcapital.com

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Her Circle’s Second Sustainability Covershoot celebrates Mother Earth with a fresh perspective on how modern living, technology and sustainability can co-exist.

Mumbai (Maharashtra) [India], June 5: Her Circle, a one-stop content and social networking destination for women, has achieved a breakthrough in sustainable media practices. Their Sustainability Cover 2.0 features Kalki, an actor and a sustainability advocate, in the month of June. The shoot embodies the brand’s commitment to uplift, empower, and provide a safe space for women, aligning with their core idea of “Go minimal for maximum impact.” Scheduled for release around World Environment Day, this sustainability cover shoot showcases how modernity, technology and sustainability can co-exist. In an exclusive interview with Her Circle, Kalki shares her insights on green parenting and mindful living.

Kalki exemplifies her strong belief in minimalism and reducing her carbon footprint through various practices. She proactively introduces conscious practices such as composting, recycling and reusing daily-use items. Her fashion choices prioritise sustainability and local sourcing, whether for work or leisure. She embraces outdoor activities such as cycling, trekking, and camping with her family, emphasising her connection with nature. Even her choice of baby care products leans towards sustainability, opting for bamboo diapers, degradable pads, and wipes and advocating the use of a moon cup. Kalki will delve deeper into her sustainable lifestyle in her interview with Her Circle.

Commenting on the association, Kalki said, “There’s so much greenwashing, there’s so much of saying, oh yeah, sustainable, but, when you look at the behind the scenes, it’s not so sustainable. So it’s refreshing to be on this shoot with Her Circle today where you see that the backdrop or the behind-the-scenes is also adhering to the message that’s being put in front of the screen.”

This sustainability cover shoot marks the digital platform’s endeavour to showcase torchbearers who champion the principles of reducing, reusing, and recycling. The shoot itself was designed as an end-to-end sustainable production, encompassing location, sustainable fashion brands, natural light and sustainable catering. These elements align with the brand’s commitment to championing sustainability. Photographer Anai Bharucha, known for capturing nature’s beauty organically, played a crucial role by selecting a location that was industrial in nature yet sustainable in the space of energy conservation.

Tanya Chaitanya, CEO Her Circle & Digital Diversity Initiatives, Reliance, said, “At Her Circle, sustainability and inclusivity are the main pillars upon which our content and conversation centre. This sustainability cover brings together technology, innovation, conservation and mindful living to showcase a future which is kinder to the planet.  It’s a step ahead from our last year’s sustainability cover, which received an overwhelming response.”

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