Daily Archives

April 27, 2017


Jack of all trades


GetMyPeon.com, a start-up based in Mumbai, does every­thing including running

My Peon

errands for its clients, it exe­cutes 80-100 tasks a day and aims to take it to 150-200 in few months and works with 2,000+ customers – indi­viduals, companies or other start-ups – on tasks including paying bills, visiting a bank, collecting an item you forgot or delivering a specific food item. It charges ?200 per task
and has already broken even in Mumbai. Now, it is plan­ning to begin operations in Pune and Bengaluru in next 3-4 months; it is also in talks with investors to raise money for the same.

On one’s own

The number of solo travel­lers seeking to explore the world alone and experience adventure – a predominantly western concept – is grow­ing in India and We Travel Solo intends to capitalise on that. Wetravelsolo.com, a

start-up started with the idea to connect all the single trav­ellers at one place claims to be India’s first solo travellers’ community. On the web­site, experienced solo travel­lers create all inclusive trips to the places they know best for other solo travellers to join the trip. Started by She- fali Walia, We Travel Solo has so far taken seven trips. To join the Website, a one-time membership fee of ?1,000 is required. The Website intends to make money through com­mission on every trip.

Search and find

A free listing website for Lost

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Ab complaint nahi login kar^

and Found articles, LostYa- Found.in started by a brother duo in August 2014 wants to help people find their lost items. If a user has lost an item he can put a post on the website with rewards for the person, if he returns the item. A user can also put up a post if he has found an item belong­ing to someone else. Dolesh, one of the founders feels this Website can play a big role in mega events like Kumbh Mela, where people lose a lot of their belongings. At pres­ent, LostYaFound.in is focus­sing on marketing to increase the awareness of the Website.

♦ ROHIT PANCHAL [email protected]






Learning on the go

iProf Learning Solutions, a company focussed on providing education in digital format in India, has launched a free android app named ‘iProf’ for learning on the go. The app is a vir­tual classroom to facilitate learning on the go with prac­tice test material, videos, discussion board and an option to raise a doubt for courses that include I1T-JEE, Bank PO, CBSE class VI-XII, English Speaking and GK. iProf claims the app gives students access to its library, which has 500,000 ques­tions, 85,000+ videos and notes pertaining to these courses. It has plans to add other courses such as CSAT, AIPMT, NDA, CA CPT, Olympiads, GATE, Railway entrance exam & languages in few weeks.

Innovation to ‘pay’

Mobile payments are the future and, therefore, companies are launching innovative solu­tions to take the lead. iKaaz,

mobile payments company providing Tap & Pay solutions, has launched a mobile app ‘Mowa’, which facilitates consum­ers and merchants to make and receive payments based on the mobile number, without sharing private bank account details of the sender or receiver. The differentiating feature of this app is that it requires no pre-payment of account like other wallets, as consumers’ money resides in their own bank account until they undertake the transaction.

The app will benefit small merchants as they can accept digital payments – debit, credit and pre-paid card payments for free and without a hardware point of sale terminal. Users can also use the app to pay their friends and family. The user has to attach the credit or the debit card as a payment medium with the app and start making payments by entering mobile


number of the recipient. Users can also request for money and if accepted & paid, the amount gets deposited into the bank. The app is available free of cost and supports all banks in India.

As part of the India Digital Literacy and Internet Safety Cam­paign, Google India has launched Web Rangers, a program to empower teens to pro­mote the safe use of the Internet among their peers. The program also introduces a con­test, where students across the coun­try will be given 12 weeks to create and run their own online safety campaigns, encouraging young people in their schools and communities to con­sider issues such as the effects of cyberbullying, managing one’s own digital footprint and online tricks and scams.

These youth-created online or offline educational campaigns can take any form, including online vid­eos and other social media con­tent, sketches and in-school events. The creators of the most creative and impactful internet safety campaign, as cho­sen from this contest, will head to Delhi to present their work to a panel of judges. The winners of the contest will be announced in May 2015.


Retail penetration

Titan, a Tata group company headed by Bhaskar Bhat, is one of the play­ers enjoying the revival in urban consumption and is gearing to tap the market with a host of offerings. Already, the company will benefit from gold on lease coming back with the RBI giving the nod for re-intro­duction. It has also revised the min­imum monthly installment of the revised Golden Harvest Scheme (GHS) to L2,000 from L5,000 to make it more appealing to consumers. Now, Titan is gearing up to counter the e-com­merce threat with its omni-chan- nel strategy and tie-ups with many online players. The company is lay­ing more emphasis on digital and e-commerce in jewellery for working women-wear (like Mia) than on tra­ditional categories like weddings or high-value ornaments. Accordingly, it is leveraging the digital platform to enhance consumer convenience and experience. Continuing to eval­uate opportunities, the company has chalked out a five-year strategic plan to drive future growth.

On track

SevenHills Healthcare Pvt Ltd, which operates Asia’s largest private hospital in Mumbai, is all set to implement its second phase. This is in spite of all the talks of the company changing hands. Established in 2010, the multi-spe­ciality hospital which commissioned over 300-bed capacity some time ago, out of its total proposed capacity of 1,500 beds, is now in the process of implementing its remaining capac­ity in the next few years. The hospi­tal, which will possess the largest ICU capacity of 300 beds in a single loca­tion, recently got its loan re-payment restructured, amidst debts of over L900 crore owed to a consortium of banks lead by Axis Bank. Moreover, jPMorgan had come on board when it picked up 35 per cent stake through its Asia fund in the healthcare chain in 2008 and further infused $50 mil­lion in 2013 to keep the hospital afloat as the hospital chain was reel­ing under debt. To bring the hospi­tal back on track, the management recently also appointed a new CEO, Dr Ravindra Karanjekar, a seasoned campaigner who has been in hospital administration for 30 years in vari­ous hospitals including Lilavati, For- tis and Wockhardt. The management has also realigned its strategy to step up its occupancy. It is also planning to attract patients from countries like Africa and the Middle East.

Real foray

R.K. Jatia group promoted Prove­nance Land, the owner of Four Sea­sons Hotel, Mumbai, has entered the high-end residential segment of the real estate market. The hospitality chain that also owns Hyatt Regency in Pune, is constructing two 52-storey towers, adjacent to its existing hotel


Four Seasons Hotel, Mumbai



property in Worli, in Mumbai. Cur­rently, it has a land parcel of 4.5 acre, of which the hotel stands on 1.5 acre. In the Phase 1 of the project, the com­pany, formerly called Magus Estates, is constructing 26 limited edition ultra luxury homes (priced: L30 crore to LI 00 crore) in one of the towers, to be ready for possession in the next three years. This apart, the hospital­ity chain will also build 100 serviced apartments spread over a 52-storey tower. This will come up under the banner ‘Four Seasons Private Resi­dences’ and ‘Four Seasons Serviced Apartments’, not dissimilar to the Taj Wellington Mews. The company, which already has some presence in Pune, is also planning to replicate such projects in Delhi in future.

Unlocking value

According to a merchant banker, the publicly traded Kalpataru Power & Transmission Ltd (KPTL) plans to unlock value. It has Shree Shubham Logistics (SSL) as a subsidiary and is contemplating diluting its stake either through an IPO or a strategic inves­tor. This is with a view to restructure the company. The money raised will fund KPTL’s growth plans, capitalise the recently acquired NBFC – Punar- vasu Holding and Trading Company, which supplements its agri-com­modity business by providing fund­ing facilities to market participants against a collateral of stocks, and repay part of its debt. The company intends to raise over L200 crore from the stake sale of SSL. All in all, the SSL listing could unlock substantial value for KPTL. Meanwhile, SSL has chalked out an aggressive expansion plan to add 3.87 lakh mt of storage capac­ity to the existing capacity of 3.5 lakh mt. Today, there is no compara­ble listed entity in the agri-commod­ity logistics space to benchmark the valuation but the leading integrated general logistic companies are trad­ing currently at 20-25 time their FY17 estimated earnings. So no prize for guessing the valuation of SSL! Analysts believe, it can fetch a market capital­isation of around LI,000-1,200 crore. KPTL’s market capitalisation stands at L3,600 crore at present.