Recent Brand Stories
ET NOW, India's leading English Business News Channel, hosted 'Leaders of Tomorrow' (LOT) Conclave and Awards 2018 at Taj Land's End, Mumbai on 25th September, 2018. It is India's biggest platform for SMEs. LOT showcases, empowers and recognises India's most promising Small & Medium Enterprises (SMEs). The LOT Conclave & Awards 2018 was attended by corporate leaders from various industries who led the conversation on what it takes to leapfrog SMEs to the Sensex. The keynote address was delivered by Mr. Amitabh Kant, CEO - NITI-Aayog; theme address by Mr. V. Vaidyanathan, Founder & Chairman - Capital First and the special address on 'Right to Win' was delivered by Mr. Harsh Mariwala, Founder & Chairman - Marico India. In his keynote address, Amitabh Kant stated clearly that the future of SMEs and MSMEs lies in digitisation. 98.3% of Indians already pay income tax online, as a result of the government shifting to digitization and technology. He emphasized that this will be a huge asset in the way MSMEs do business and for India's economy to grow at 9-10%, we need to create the right ecosystem. The stellar line-up of speakers included Sam Subramaniam, CEO - Brand Capital; Ashish Kumar Chauhan, MD & CEO - BSE; Partha Sinha, VC & MD - McCann Worldwide; Pradeep Parameswaran, President - Uber, India & SA; Debjani Ghosh, President - NASSCOM; Vijay Karia, Chairman & MD - Ravin Group and Prabodh Thakker, Chairman - Global Insurance Brokers amongst others. The sessions through various discourses and deliberations reflected on a range of topics including Open Innovation, Smart Marketing, Local to Global and the Digital Front amongst others. Some excerpts from the Smart Marketing Panel Discussion. Sam Subramaniam, CEO - Brand Capital highlighted that SMEs have much to achieve in a very short time and don't have deep pockets to use prime media to reach their consumers. Brand Capital could become their first point of leverage as it provides relevant media, helps in media strategy and in building the entrepreneur's brand story. When companies need capital, Brand Capital introduces them to private equity funds, family offices, venture funds and helps them get the capital as well. Partha Sinha defined marketing as a combination of empathy and imagination. He said that one needs to be empathetic towards people one is serving and use imagination to serve them better. He thinks both can be and should be done by people who are at the helm of the business. Arun Iyer shared his viewpoint stating that the biggest difference between seasoned marketers, start-ups and SMEs is the fact that seasoned marketers get second, third and fourth chances unlike a start-up or SME. S. Swaminathan had an interesting take that Smart Marketing embedded with smart analytics is really the future. Re-imagination of data is what SMEs need to look at and that's the opportunity they should really pursue. The Conclave was followed by an Award Ceremony to honour the true Leaders of Tomorrow. The winners were shortlisted after a month-long nomination process across nine exciting categories. Pioneers from various industries were felicitated based on the criteria including their unprecedented display of sharp business prowess, clear understanding of the market and their deep focus on innovation and driving change. Clensta International, one of the companies which was earlier mentored at Brand Capital Scale Up, the exclusive closed-door mentorship program by Brand Capital won the 'SME of the Year Award'. Brand Capital Scale Up connects budding entrepreneurs to industry veterans who provide mentoring in areas such as business strategy, branding, distribution, finance and funding. Since 2014, 192 companies have been mentored through this platform. To get invited to the next Brand Capital Scale Up, register here. Brand Capital is the strategic investment arm of The Times Group. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter.
It wasn't easy in Bengaluru and it was no better in California-when Ramakant Sharma and Anuj Srivastava decided to renovate their respective homes. And that's when they learnt how frustrating the experience can be. While one chose a local contractor, the other hired an interior designer. The result was the same: their project became a Pandora's box where they would discover newer challenges every day. From timeline, prices, quality - to the personal attention that the project demanded, nothing was predictable. In the end, their tribulations landed them in the middle of a highly fragmented $23Bn market that was calling for a technology-led innovation. And thus, in July 2014, Livspace was incorporated and its operations were launched in Bengaluru in January 2015. Cut to the present, Livspace has grown to become India's largest home interiors and renovation platform. Today it serves seven metro areas and has announced its plans to serve six more, for a total of 13, by 2019. The company has designed over 5,000 homes-a whopping 2 million+ square feet-and works with over 2,000 design partners. This unprecedented scale is disrupting the entire interior design ecosystem. But how did they get here? Livspace combines Canvas, its proprietary technology platform with a three-sided marketplace between homeowners, certified designers and vendors. It delivers end-to-end home interiors to homeowners in a hassle-free, predictable manner and empowers designers and vendors to deliver it. Canvas allows designers to manage the entire design project on the cloud-create designs in 2D/3D, access a digital catalogue of millions of SKUs, plan the budget, chat with clients, place manufacturing orders, create project plans, track delivery and more, without installing any software on their computer system. This allows designers to work on more projects and hence increase their incremental earnings. On average, a Livspace Design Partner earns twice as much as his/her peers outside of Livspace. This increase in productivity directly impacts the number of homeowners that get access to good interior design-something that was traditionally reserved for the affluent few. Livspace, on the other hand, espouses the philosophy of good design for all; a philosophy that wasn't all that simple to offer right at the outset. For beginners, "interiors" is an often-misrepresented term. Many people associate home interiors with just buying furniture, painting the walls and designing a modular kitchen. However, nothing can be farther from the truth. Interior design is not only very expansive in what it entails-furniture and decor, modular kitchen, wardrobes, storage such as TV units, services like false ceiling, flooring, electrical and more-but also involves designing spaces that solve a functional and aesthetic purpose. To add to the complexity, interiors have never been associated with an organized player of scale. Hence, the company had a huge opportunity and challenge in front of them right at the very inception. So, they took it upon themselves to be the market makers. For a high-value and infrequent purchase such as home interiors, they invested in a strong omnichannel strategy. They extended their world-class online experience to their Design Centers and experience apartments, which boast a very strong tactile experience. This helped them not only reduce time to convert but also increased their average order value by up to 40%. Livspace partnered with Brand Capital, the strategic investment arm of The Times Group, and was able to create a strong brand presence. The brand targeted urban consumers focusing on working professionals in top metropolitan cities seeking assured quality and timely delivery of services. The company utilised a good mix of print ads, radio campaigns and strategically located OOH properties offered by the Times Group, leading to a strong top-of-mind recall. This partnership created a valuable impact to build awareness and establish credibility. Some success mantras of the founders When asked to share tips for upcoming start-ups who seek to become market makers and leaders, Anuj and Ramakant had a thing or two to add. ● "Always hire people smarter than yourself. Problem-solvers who are action-biased are a great fit for start-ups seeking to disrupt any space," said Anuj Srivastava. ● "At an early stage, investing in building a culture of autonomy may not seem critical but these things tend to stick as you grow. So, think about culture early," added Srivastava. ● Ramakant Sharma advised, "If you want to scale, always think for scale. Don't invest in products and features that are intrinsically 'unscalable'. But whatever you do, launch fast and then improve. Don't wait for perfection." Brand Capital is the strategic investment arm of The Times of India group. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter.
In 2015, two young Mumbaikars had a dream. A dream to connect patients to local pharmacies and diagnostic centres through a mobile app. Their vision was to make healthcare accessible and affordable across India through a quick and efficient doorstep service with great discounts. This vision gave birth to PharmEasy, India's No. 1 healthcare aggregator. Founded by Dharmil Sheth, an MBA from IMT Ghaziabad and Dr. Dhaval Shah, an MBBS from Rajiv Gandhi Medical College and MBA from XLRI Jamshedpur, PharmEasy caters to the chronic-care segment through services such as doorstep medicine delivery, at-home sample collection for diagnostic tests, teleconsultation, as well as, a subscription-based healthcare service. The start-up presently caters to over 20 lakh families annually and has added more than 20,000 new pin codes to its service network over the past two years. Today, PharmEasy is present pan-India and reaches out to millions of customers through its mobile app. The PharmEasy app also integrates an auto medicine reminder that ensures one never misses a medicine dose. Pharmacy made easy, but how? "Fashion, accessories, electronics, apartments, vehicles - everything is sold online for convenience, but there was no platform providing healthcare (pharma) delivery services to needy patients. That is what inspired us to build a platform which would make authentic healthcare services accessible, affordable and available to all," says Dharmil, co-founder of PharmEasy. The users on the platform simply need to upload a prescription to have their medicines delivered to their doorstep. Patients also receive access to a virtual vault that stores their prescriptions and enables one-step purchase for ongoing medication. For drug regulation, each prescription uploaded on the platform is verified by a licensed pharmacist before it is processed. Medicine delivery is made within six hours of a prescription being verified. Never give up The success story of PharmEasy is indeed an inspiring one. Two like-minded 'brainiacs' who want to improve the world; a perfect solution to a nationwide problem; and, a relentless urge to continually innovate. What could stop a combination like that from making waves? But, just like every other success story, PharmEasy experienced its share of troubles that the founders overcame with intelligence, grit and determination much beyond their 30 years of age. "Lack of support from the regulators was one of the significant challenges faced by us," reminisces Dharmil, who informs that the firm is regularly engaging with concerned regulatory bodies at every level to actively suggest modifications to old laws governing online platforms in the healthcare sector. Customer mindset was another significant impediment faced by the start-up. At the time when PharmEasy was conceived, medical teleconsultations and medicine home delivery were unheard of. Besides, educating patients about the importance of purchasing only prescription-based drugs was a time-consuming exercise. PharmEasy entered into a partnership with Brand Capital, the strategic arm of Times of India Group that enabled them to create awareness about this emerging category and establish the brand 'PharmEasy' in the consumer mind space and thereby accelerate transactions through their app. This awareness was created by a Times Group 360-degree media amplification through print campaigns in Times of India and through other Times Group mediums like Times OOH, Radio Mirchi and platforms of Times Internet Ltd. With Brand Capital's partnership, affordable pricing, intelligent marketing, and consumer-centric services, the start-up was able to win the trust of its customers in a short span to become a household name with presence in over 1,000 cities in India. The Road Ahead The start-up began as a three-people company, less than three years ago, and employs over 1,000 people today. As of March 2018, the company has raised over 40mn USD (until series C funding), making it the fastest growing online pharma aggregator in the country. For their commendable achievement, the co-founders, Dharmil and Dhaval were featured in Forbes 30 Under 30 list (2017) for creating a robust platform that is fervently revolutionizing the healthcare space in India. "We currently deliver to every single pin code in India. However, in our core markets, our experience is superlative as we deliver within 24 hours. The idea is to extend this offering to every single patient in the country. We are expanding our centres to ensure that this is something that we are doing exceptionally well," points out Dr Dhaval. Success Mantras: "Fail, if you have to, but fail fast, learn and come back." - Dr. Dhaval Shah "Customer is our king and as far as we ensure that we take care of them - there is no going back." Dharmil Sheth Recently PharmEasy Raised $50 Million in Series C Funding from Eight Roads Ventures India, the proprietary investment arm of FIL (Fidelity International Limited) ,F-Prime Capital, Nandan Nilkeni and Sanjeev Aggarwal backed Fundamentum partnership and San francisco based hedge fund Think Investments. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter.
Where 'fast' and 'moving' are essential parts of the sector nomenclature, can a forward-thinking business fuel such as Brand Capital be far behind? With the Indian economy poised to triple consumption by 2025, riding on a vibrant FMCG sector composed mainly of food businesses, there is massive action, high growth opportunities and leaping potential in the fast moving consumer goods category. While established brands are adapting speedily to a changing consumerscape, new and ambitious startups face challenges ranging from how to win the big game to how to effectively impact niche play, Having mentored over 180 companies since 2014, Brand Capital, the strategic investment arm of The Times Group, hosted a closed door Scale Up activation for growing businesses in the FMCG sector recently in Gurugram. Budding entrepreneurs met industry veterans who shared category insights and actionable ideas on how to make a mark in this dynamic sector. Mentee Companies Mainly from F&B and Wellness segment accounting for more than a quarter of the Indian FMCG sector. Each company had their own unique product and propositions; and thus challenges faced were equally distinct. Clensta (makes waterless personal hygiene solution) focused on right partnerships and building proper distribution network. Oddy Uniwraps (produces recyclable, safe food wrapping paper that can be used to reheat food in ovens) focused on brand awareness and BTL engagement. Teafloor (produces online tea store with customised range of tea varieties) focused on the threat of competition and easy accessibility to substitutes. To-Be-Healthy (TBH) (manufactures delicious, premium and nutritious snacks) focused on tackling high cost of raw materials, credit lending and sales efficiency. Whyte Farms (delivers fresh and natural milk straight from farm to homes) focused on optimizing sourcing and faster market penetration. Mentors The panel of mentors included Ashwani Arora, Managing Director, LT Foods Ltd., one of India's leading rice brands; Ajay Batra, Founding Director, Center for Innovation and Entrepreneurship & Bennett Hatchery, Bennett University; Aseem Soni, CEO, Modern Foods with 25 years of business experience; Sharad Saluja, Director, Sterling Agro Industries Limited, a business engaged in the manufacturing and sales of all kinds of dairy products; Pranav Gupta, Vice President, Carpediem Capital - a PE fund focused on the India consumption opportunity; Sona Mazumdar, Chief Partnership Officer, KidZania, and Kshitij Torka, Vice President, Grofers. Success Mantras For FMCG StartUps: Grab It Before It Goes - The "attention economy" is limited. One has to grab the attention that someone else has today. Jo Dikhta Hai Woh Bikta Hai - Marketing and positioning is as important as the product itself. Know Your Consumer - Advertising and promotional campaigns should be crafted with the audience in mind and the channel used. It is crucial to highlight the personality of the product. Always Be Connecting - While building brand loyalty is necessary, the campaign should always evoke emotions and imply connection between product and goal. Judging The Book By The Cover - The best way of captivating consumers and standing out is to have unique yet informative package design. This is the first thing a consumer sees, and therefore, is as important as what it contains. Niche Needs - Niche products are relevant as long as it understands where its audience is. This might require understanding the mind of the consumers through focused group discussions and qualitative analysis. Lose The Battles, Win The War - Start-ups have limited time and resources. And companies must focus on core competencies and outsource activities like distribution and supply chain. Brand Capital is the strategic investment arm of The Times Group, with a portfolio of over 3 billion dollars. As a key player in the investing ecosystem, Brand Capital ' Scale Up connects ambitious entrepreneurs to industry experts who provide closed-door mentoring in areas such as business strategy, branding, distribution, finance and funding. To get invited to the next up Scale Up event near you register at www.brandcapital.co.in / Follow on LinkedIn and Twitter.
About 30 years ago, two brothers - Irfan and Rezwan Razack dared to move away from the family's well-established retail business to create their own space. Today, what then might have been frowned upon as a break from tradition, is a company worth a couple of billion dollars. That, in short, is the story of the Prestige Group, India's second largest developer, which is credited with redefining south India's skyline. It all began with young Irfan getting interested in the task of selling a family house. As he negotiated a sale deal with a builder from Mumbai, he got exposure to the entire process of selling property, interacting with lawyers and finally collecting the money. It proved to be a tremendous learning experience for him. Since the brothers Irfan, Rezwan and Noaman had to reinvest for capital gains, they found themselves buying more properties in the city. After selling one of the plots they'd bought, they realised that this was a profitable business. After five years of trading, the brothers decided to try their hand at developing the properties they had bought. Prestige Estates was born in 1986. One of the first buildings, in fact, was a plot of land owned by Irfan Razack's father-in-law. He was keen to sell it, but Irfan managed to convince him to build on it, lease it and earn a regular rental income, thereby turning unproductive assets into productive ones. That building - Prestige Copper Arch - remains to this day one of the nicest structures in Bengaluru! Prestige has grown into a trusted brand, one that enjoys the confidence of its partners and customers. Right from the start, Irfan Razack was clear that whatever one does, one does well. A lot of emphasis was put on the basics - quality, design, on-time delivery, maintenance and customer service. Irfan Razack says, "In building a brand and a business, it is essential to think long-term. Prestige isn't Prestige for what we are currently doing. It is about the little things we have done in the past that makes us what we are today. Your sins catch up with you. If you've done good work, that catches up too. At some point, money will lose its relevance and it's all about creating something that will stand for generations." His daughter Uzma Irfan, the Director, had the brainwave to have the Prestige Brand undergo rapid expansion and diversification under the leadership of Irfan Razack. Uzma has made immense efforts to streamline all branding and communication-related initiatives. Over the years, the Prestige Group has grown by leaps and bounds and she can be credited for single-handedly strengthening the public image of the company during this phase. Prestige Group partnered with Brand Capital, the strategic investment arm of The Times Group to build a strong and recognizable brand. Large innovative formats of advertising like Power Jackets, French Windows, were used in a sustainable manner in The Times of India and The Economic Times to create brand impact and imagery. Brand Salience was created through impactful and classy communication by the Prestige Group. This was further augmented by The Times Group's 360-degree media platforms. Prestige Group has several innovative firsts to its credit. The Forum - the first mall in South India, Prestige Ozone - the first gated community, Prestige Shantiniketan - the first integrated township, UB City - the biggest mixed-use development in Bangalore's Central Business District comprising of commercial offices, The Collection - South India's only luxury mall, serviced residences, restaurants and the Piazza. Well-wishers often advised Irfan Razack not to take risks, to stay on the safe track, but he chose to innovate and blaze new trails. He took the road less traveled and has today created a legacy of landmarks that will be admired and enjoyed by people long after his time. Some of Irfan Razack's success mantras are: You must have the ability and the heart to give. Give and it will keep coming back to you several times over. If you don't give and try to hold onto something, it will run away from you. If you believe in something, don't give up the fight. Don't take no for an answer. Find a way to make it work. Make a difference, even if it's a small one. Irfan Razack couldn't change the whole city, but he is happy making a small difference. Build a business on sound ethics. Build your reputation and the word will get around, adding to your credibility. If you take shortcuts and don't keep your commitments, that word will spread too. Excerpts from the story are from Prakash Iyer's book - You Too Can. Brand Capital is the strategic arm of The Times of India group. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter
"I'm like a sponge, constantly absorbing from the people around me and different people have inspired me at different stages in my life", said Meena Ganesh. An accomplished professional, a successful serial entrepreneur, proud mother of two and now the CEO of Portea Medical. It is a healthcare service provider that focuses on providing medical care at home, and looks set to revolutionise the healthcare space in India. Being an entrepreneur was never really on her mind when she entered the corporate world after getting an MBA from IIM-Calcutta in 1985. Straight out of B-school, Meena went to work with NIIT in Delhi - then a hot new company in the emerging IT space. The office was in a pokey little apartment on the terrace with an open culture and a "let's go do it" attitude. She was led by Rajendra Pawar, a hugely inspiring leader who created a very democratic, egalitarian, performance-oriented culture. The presence of a mentor, the freedom to make mistakes and the opportunity to take ownership - all these vital ingredients shaped her career. After seven fabulous years at NIIT, she moved into a strategy consulting role at PWC, followed by a move to Microsoft, playing the role of an entrepreneur inside a large corporate. While at Microsoft, Meena had an idea to start a business that would provide services to a new, mushrooming breed of Internet companies. And, thus was born Customer Asset. The idea was to service dotcoms but soon after, dotcoms began to vanish. After spending eight long months evangelising the call centre idea and selling the idea to prospective clients, she finally got their first customer. Customer Asset scaled up rapidly and was sold to ICICI bank in 2003 - and later got listed on the bourses as FirstSource. Meena says that she started as something and ended up as something else. She said "You have to be willing to read the writing on the wall and the customer is the best reflection and you got to ask yourself if you've created something a customer just cannot do without. You may love what your company has to offer but if the customer doesn't care, it won't work. Perseverance maybe a virtue, but entrepreneurs also need to learn when to stop trying." Post the sale of Customer Asset, Meena moved as the CEO of Tesco, to set up their India operations. Five years later, she joined TutorVista - a company started by her husband - as a Co-founder, which they then sold to Pearson Education and exited the business-pocketing over $200 million which was one of the highest value exits at that time. Post the TutorVista exit, the couple began to scan the environment for their next venture. Their search was for a real customer problem to solve. It took them to healthcare and what excited them was the white space of providing hospital quality care in the comfort of the consumer's home. They acquired Portea Medical - a Delhi-based start-up in 2013 and Meena took over as the CEO. Tech-enabled health at home category was at a nascent stage when Portea entered the healthcare landscape. The brand and category needed credibility through advertising to drive customer interest and transactions. Portea partnered with Brand Capital, the strategic investment arm of The Times of India and was able to create strong brand presence. This partnership created huge impact to build awareness and establish credibility. This was done through Times Group's 360-degree media properties. It also helped them increase their long-term value from their existing customers. Portea today has widened its presence to cover over 16 cities, and employs over 4,000 people. Some of Meena's success mantras are: First, start with the customer: Figuring out what the customer wants is the biggest challenge and the product market fit is key. Execution excellence: Pay attention to the details. It is important for the entrepreneur to know the minute details of the business and understand what's working and what's not. Get to know the whole picture: Understand all the breakpoints, anticipate what may go wrong. Visualise failure points and build guardrails to make sure you succeed. Look for the right people: People who have the energy and passion and are willing to push back, to think and are willing to take ownership Take feedback from team members: Team members who give you feedback are priceless. One needs colleagues, team mates and subordinates who are not scared to tell the emperor that he has no clothes. Four traits of successful entrepreneurs: Customer focus, intellectual bandwidth, passion about the business idea and ability to build a team. Finally, don't just spout wisdom, walk the talk! Excerpts of the story are from Prakash Iyer's book - You Too Can. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter
The entry of technology and mobile application-based services has led to a massive transformation in how the food industry operates. With consumer demographics comprising young and urban professionals, FoodTech has been amongst the most promising sectors within the Indian startup ecosystem.Segments like box delivery and on-demand meals are becoming increasingly popular, leading to an unprecedented number of startups joining the race for market share. In this vast scope of venture opportunities, Brand Capital provides marketing and advertising leverage to startups that have the potential to make it big through its branding prism. One such startup that has flourished with Brand Capital's advertising strategies is Faasos - India's leading Food-tech company. Faasos was started by Jaydeep Barman and Kallol Banerjee in 2011 with the vision of being an Indian Quick Service Restaurant (QSR) brand. The company quickly expanded to multicity operations and grew to over 50 stores in the next few years. However, the challenges that the availability of retail infrastructure posed on a pure retail play was soon evident. In mid-2014, Faasos conducted a survey among its users to understand two things: awareness of the brand and whether the full-stack model was working. The survey results proved to be an eye-opener: over 76% of the respondents had never 'seen' a Faasos store, but still ordered food from it. The company embraced technology to move to "online only" demand play. This effectively meant that the company could avoid costly rentals in high footfall areas and instead operate out of dark kitchens (100% delivery orders) located anywhere in a catchment. Two new markets Hyderabad and NCR were launched without a single visible outlet. The success proved the model beyond doubt. The advent of ordering apps, however, posed the next challenge. How to be relevant for more and more food ordering missions of the customer. This lead to a key insight and the next stage of the evolution of the company. The company started experimenting with multiple brands operating out of the same kitchen and hence riding on the same supply chain and technology stack. Today the opening of a Faasos kitchen in a locality is equivalent to opening 8 new restaurants offering different cuisines. The branding made sure that they catered to different food missions as far as the consumer was concerned. Startups have risen and fallen due to weak branding and marketing strategies. And sure enough, Faasos dealt with a few of its own challenges. It was during this time the co-founders decided to partner with Brand Capital, the strategic investment arm of the Times Group, to establish an effective & sustainable branding strategy. Brand Capital decided to build on these strengths and focused on building a strong customer relationship in Tier 1 & 2 cities. They helped Faasos reach their potential target audience across India. Faasos launched their app in July 2014 and delivered this message using print media properties such as the main edition of Times of India. This created the required buzz and Faasos scaled up to unimaginable heights! Today, the company, which had six outlets in Pune in 2011, is present in 15 cities and services 30,000+ orders every day across India. 95% of their orders are received via their mobile application. Faasos has come a long way since its inception but has always stuck by their brand agenda - 'Eat Good, Eat Exciting!' It has been almost 7 years since Jaydeep Barman co-founded Faasos with Kallol Banerjee. Being in this space for over a decade, Jaydeep speaks from experience and shares the following key points for young entrepreneurs wanting to build a QSR or a food-tech startup: Entrepreneurship is, in essence, a form of protest against status quo. Be very clear what form of protest it is. A statement ( a small and personally supervised operation) or a movement ( which will involve relying on other people's judgment). Choose what you want to inspect very carefully because only what you inspect will improve and innovate. Try to solve problems at its causal level and through technology. More people and more money will only postpone the inevitable. Remind yourself every day that people generally come to work with the intention of achieving something worthwhile. Build the enabling environment. To know more about Brand Capital, visit here / Follow on LinkedIn and Twitter.
Entrepreneurship is gathering momentum in India. Ambitious entrepreneurs are bringing in innovations and disrupting the Indian market. Leading English News Channel for business, ET NOW, kick-started the seventh edition of its landmark, year-long initiative, Leaders of Tomorrow to empower such entrepreneurs in the MSME sector. Whitney Johnson of WLJ Advisors, Sam Subramaniam, CEO of Brand Capital and a panel of India's celebrated business thinkers were present at the Leaders of Tomorrow masterclass on 'Entrepreneurial Excellence - Disruptive Innovation' held on 30th May in Mumbai. Leaders of Tomorrow kicked off their 7th Season through an Entrepreneurial Excellence Masterclass on Disruptive Innovation. "Companies don't actually disrupt, it's the people who do. But people are getting bored which is leading to attrition," said Whitney at the workshop. "If you give people an opportunity to learn they will want to work with your company," she added. Whitney believes that people are hired for their disruptive potential to provide breakthrough solutions rather than their proficiency and professional conduct. Whitney Johnson of WLJ Advisors is recognized as one of the 50 leading business thinkers in the world by Thinkers50. She is an expert on disruptive innovation and personal disruption, and an acclaimed author of the book 'Disrupt Yourself'. Joining Whitney Johnson on the masterclass was a power-packed panel consisting of Sam Subramaniam, CEO of Brand Capital; Dr. Amit Kapoor, Chairman of Institute for Competitiveness; Meera Shenoy, Founder of Youth4Jobs and Ganesh KN, Professor at IIM Indore. Sunanda Jayaseelan, moderator and editor of the show, engaged with the panel in an enlightening discussion on disruption and innovation. Brand Capital's CEO Sam Subramaniam was present for the masterclass on Disruptive Innovations. He is a prominent example in building thriving business in the industry and creating disruptive growth strategies for portfolio companies. Sam will drive Brand Capital through the next wave of innovation and growth in the Indian entrepreneurial community. Brand Capital, the strategic investment arm of the Times Group, has played a major role in helping disruptive businesses thrive over the past decade. It believes that entrepreneurial drive is the most positive force in the market which generates sustainable economic value. Collaborating with brands as their strategic-cum-media investment partners, Brand Capital has leveraged brand-led growth for 180 companies and more to reach their potential and business goals. Through its innovative mentoring session - ScaleUp, Brand Capital provides guidance and direction to budding entrepreneurs by industry experts. Brand Capital uses its unique models to fund long-term brand building efforts of a company. One such model is Brand Estate that helps lay a strong foundation for real estate ventures and helps them to stand out and stand apart in the industry. Brand Capital | Springboard helps early-stage ventures to jumpstart in the market that have the potential to become scalable businesses. Businesses that want to leapfrog from good to great and have a special product with ambitions to become a recognized brand look up to Brand Capital's distinctive model Brand Scope. One notable example of Brand Capital's disruptive portfolio companies is Thyrocare, one of the leading diabetes health clinic in India. Brand Capital aided Thyrocare in reaching out to the consumers, built stature and made it a trustworthy brand. The first phase of the communication objective of Thyrocare was to drive awareness and create a consumer pull which was anchored across several campaigns on Times of India and other Wellness supplements. The second phase was to induce trials for Thyrocare and drive home the features of affordability, quick turn-around and various health test packages. The third phase was generating investor attention which was effectively delivered through communication across The Economic Times and TV channels, Times Now. The Brand Capital association played a pivotal role in helping Thyrocare punch above its competition and position themselves as a leader in the healthcare and diabetes market. The masterclass saw an in-depth conversation with other panel discussions who are strongly impacting the society around them. Dr. Amit Kapoor, President and CEO of India Council on Competitiveness, is a recognized public speaker on strategy, shared value, social progress, competitiveness and economic development. Meera Shenoy, another panel member, is a well-known social change maker who has dedicated her life to skilling underprivileged youth for jobs. Professor Ganesh KN is an expert in the areas of research and product innovation, strategic management and entrepreneurship. He stated that we are living in the age of disruption and technologies are giving rise to new businesses with innovative business models. ET NOW's Leaders of Tomorrow show will help unleash the potential of Indian entrepreneurs and inspire them to take their aspirations to the next level. Catch the series telecast on ET NOW from Mondays to Thursdays at 10:30 PM and 8 PM on Saturdays and Sundays. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter
The Indian Healthcare sector presents a plethora of opportunities for first-generation entrepreneurs. However, even with the right start and ever-growing traction, it is always good to get guidance or even validation from the right people, who can help to better navigate choppy startup waters. Brand Capital curated a mentoring session in Bangalore to help Healthcare entrepreneurs meet experienced mentors who talked them through these challenges. Brand Capital is the strategic investment arm of The Times Group, with a portfolio worth a few billion dollars. As part of its vision of providing value beyond capital, Brand Capital invites young entrepreneurs for exclusive mentoring sessions with industry stalwarts. These experts help entrepreneurs envision growth plans in areas such as business strategy, branding, distribution, finance, and funding. ` The start-up wave has caught the fancy of first time Healthcare entrepreneurs. From online marketplaces and aggregators to medical devices and applications of deep tech like AI, IOT, and genomics for analytics, many companies are disrupting the traditional healthcare sector which was dominated by large foreign players with significant capital efficiency. Brand Capital believes that the Indian healthcare market, which is booming and anticipated to grow at a CAGR of 15% to USD 280 bn by 2020, holds a huge potential. With a burgeoning population and varied consumer preferences, each niche is big enough offer for branded play. While more than 70% of India's population lives in rural areas with no or limited access to hospitals and clinics, start-ups will be the key to providing healthcare to underserved rural Indians. Entrepreneurs in healthcare space have to focus on multiple aspects like accreditations from international bodies, long lead times, barriers to usage, product differentiation, brand building, and distribution network. Often there are many options and need for agile decisions that make a significant impact on the very survival of businesses. Founders need guidance from industry experts to help make decisions. Mentors On 30th of May 2018, Brand Capital organised a session for mentoring select group of entrepreneurs in the Healthcare space. While these entrepreneurs had the right product idea, they needed mentors to guide them on how to establish a brand presence and scale up operations. Brand Capital curated an esteemed panel comprising industry stalwarts and domain experts to mentor these entrepreneurs. The panel of mentors included Dr. BS Ajai Kumar, Chairman and CEO of HCG; Faizan Aziz, Co-founder and CEO of Myra Medicines; Prashant Jhaveri, Chief Business Officer of MediAssist; Vinay Subramanian, Investment Director at Stakboat; Jaishiv Natrajan, Angel Investor & founder of Herbologica Limited; Mr. Ramoji Tejomurtula, Managing Director of MEMG CDC; Dr. Mudit Saxena, CEO and Managing Director of Ovum Hospitals; Archana Priyadarshini, Partner at Unicorn India Ventures; Venkatesh Kempalingaiah, Director of Aarin Capital. Mentee Companies The mentee companies were predominantly from the wellness and data analytics sector with focus on lifestyle diseases namely - Wellbeeing - an integrated medical centre integrating conventional complementary and alternative medicine; Trident - an innovative platform where labs can communicate and generate report anywhere anytime through cloud computing; Vitacloud - a digital therapeutic solution to empower people to prevent manage and overcome their chronic condition; 5th Vital - provides on-door phlebotomist service to identify any ailments in time; Inito - a breakthrough technology to help conceive faster and Wellth - building technologies to make quantified wellness accessible, habitual and rewarding. Excerpts from the mentoring session The mentors touched upon various key aspects of the scale-up journey for these businesses and also on the future of the healthcare sector in India. While development of personalised medicine provides a lot of opportunities, there needs to be processes to empower people to get involved in their own healthcare management in a consistent manner. Over the past few years, there has been a dramatic increase in data and the technology to manage it has also emerged. Although it has given way to many new possibilities like speedy diagnosis, real-time tracking, positive lifestyle, convenience of treatment, the challenge lies in integrating these technologies into daily lives so that results are measurable. Patient engagement, optimising the entire 'patient journey' with orientation towards outcome will also be crucial to achieving these ends. Many mentees felt that the healthcare industry continues to face barriers in terms of transparency and trust. Segments like sports wellness and lifestyle devices which are gradually becoming mainstream play a major role in awareness creation. This has also open doors for new relations between healthcare systems and users. All mentee companies expressed gratitude to the mentors for sharing their wisdom and insights at the Brand Capital mentoring program. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter
This story is about life lessons of the entrepreneurial journey of Dhruv, the promoter of one of India's leading online travel companies, Yatra. His ups and downs, challenges and triumphs. Successful people like Dhruv often survive failure and misfortune and make their own luck on the road to success. Dhruv's dream as a child was to play cricket for India. He played for school, did well and was looking forward to trials for the state under 15 team. Dhruv discovered during the selection trials that while he was a star player at school, there was a big world out there with several players far better than him. While at college, he set up a unit in Bhiwandi to manufacture chlorinated paraffin wax. The business did not flourish as expected. He worked at Arthur Anderson for seven years after completing his CA post which he went on to do his MBA from INSEAD business school. Dhruv got with an opportunity to work with in an online travel space with eBooker. He joined as Head of Strategy, but soon moved as Head Operations and Technology with over 1,500 people in his team. This role gave him a first-hand feel of running businesses across multiple geographies, managing engineering folks and call-centre armies. As eBooker got acquired in 2005 by Cendant, Dhruv moved out of eBooker to start his entrepreneurial journey. Dhruv and his four colleagues decided to move back to India to start-up an online travel business. They set off on a treasure hunt to convince venture capitalists to invest in their idea. And with the first set of VCs signing their first cheque, they knew they were in business. And thus, was born Yatra.com! Yatra provides information, pricing, availability and booking facilities for domestic and international air travel, domestic and international hotel bookings, holiday packages, inter-city and home-stays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 83,000 hotels in India and over 800,000 hotels around the world. The top priority and key challenge for Yatra was to build a team. The first few hires were critical. Dhruv's pitch to potential employees was that it was a once-in-a-lifetime opportunity to make a lasting impact on what would happen in the next 10-20 years. Being in large companies will not help you create a legacy or change the eco-system. You could join to make it happen or stay where you are to see it happen! A totally hard-to-resist pitch and today Yatra has a team of over 2,200 people. Building brand Yatra was another key task for the founding team. With Cleartrip and MakeMyTrip fighting for customers' clicks and their wallet, Yatra had to make a different offering. With an upmarket target audience, Yatra reckoned that there was an opportunity in the Indian middle class. Yatra hence sharpened its focus on domestic travel. Yatra partnered with Brand Capital to shore up its branding efforts. Brand Capital provided an important leverage to Yatra to punch above its weight and challenge the market leader. With a focus on creating a differentiated brand in the online travel agency space, Yatra used print media properties like the main edition of Times of India and Metro Supplements of Times of India consistently. This helped them effectively drive their message to the target audience in India. At the heart of all of Yatra's brand-building initiatives was the discipline of listening to customers. Dhruv believes in building one's business around one's customer rather than one's own perception of what's good or bad. He makes a conscious effort to be out there with the team and be in touch with reality. He wants to make sure that he understands their pain and is a part of their attempt to find solutions. He believes in being visible and approachable and willing to admit one's mistakes. Dhruv's reinforces the raison d'etre of Yatra with his team. He provides them with the larger purpose and makes them come to work every day. It's the leader's job to articulate a vision that excites the team and keeps them going. When one runs a 100-metre race, one may end up feeling tired. One may feel comfortable running several kilometres in a marathon, because one knows, one is yet to finish. The smiling faces behind the computer screen in the corridors of Yatra are the bunch of folks who are clearly running the marathon. The world of the internet may be 'lovely, dark and deep' but Dhruv has promises to keep, and miles to go before he sleeps. Excerpts from the story are from Prakash Iyer's book - You Too Can. To know more about Brand Capital, visit www.brandcapital.co.in / Follow on LinkedIn and Twitter