This weekly quiz from YourStory exams your area data, enterprise acumen, and lateral considering abilities (see the earlier version right here). In this thirty first version of the quiz, we current points tackled by real-life entrepreneurs of their startup journeys.
What would you do for those who had been of their footwear? At the top of the quiz, you will discover out what the entrepreneurs and innovators themselves truly did. Would you do issues in a different way?
Q1: Local meals
Quick-serve meals around the globe have unfold past the early wave of burgers and pizzas, with localised toppings and flavours taking the lead. In India, biryani, samosas and momos have additionally been delivered in a D2C mannequin. What’s the subsequent frontier for delivering native meals on-line?
Q2: Electric mobility
With a compelling case for simplicity and fewer environmental impression, electrical automobiles and scooters could be a promising alternative within the mobility market. Ubiquitous charging stations which might be dynamically searchable might be additional enablers. What’s one other path to affordability and adoption of EVs?
Q3: The funding journey
Getting product-market match and constructing an efficient crew are key milestones within the startup journey. Getting investor assist may also assist scale and develop the market. But funding comes with its personal challenges for founders – what are they?
This autumn: Customer analytics
Website logs and app downloads are beginning factors for buyer analytics. Frequency of interactions, quantity of transactions, and repeat purchases supply deeper insights into buyer behaviour. What’s one other space ripe for mining of buyer intent and interactions?
Q5: Music scores
Accompanying and background music can drastically improve the expertise of consuming digital content material. But it’s a problem to seek out the appropriate music for movies, notably at reasonably priced charges. What’s a great way to faucet the enterprise alternative right here?
Congratulations on having come this far! But there’s extra to come back – solutions to those 5 questions (under), in addition to hyperlinks to articles with extra particulars on the entrepreneurs’ options. Happy studying, completely satisfied studying – and completely satisfied creating!
A1: Local meals
“Street foods carry a wider appeal compared to burgers, pizzas, or momos, but still there is no big brand or chain trying to uplift them in an organised segment,” explains Gaurav Gupta, Co-founder of MOPP Foods, a D2C startup.
It claims to be clocking about 25,000 orders a month with a GMV ARR of Rs 8 crore. Its manufacturers embrace Mad Over Parathas and Pakodas, Mealy, and Mad Over Curry. Its particular pakodas are made to not turn out to be soggy however stay crispy on supply. Read extra about their choices right here.
A2: Electric mobility
“Battery swapping has emerged as the catalyst that will catapult EVs into the popular category,” explains Varun Goenka, Co-Founder and CEO of Chargeup, a battery-swapping community for e-rickshaws.
Barriers to electrical car adoption embrace absence of satisfactory and speedy charging choices, and price of proudly owning and sustaining EV batteries. Renting and swapping batteries can thus be a viable possibility right here. Read extra about EV battery dynamics right here.
A3: The funding journey
“The challenge [of getting investment] is that you have to work with someone else’s sense of speed and scale of growth. And a good pressure to build on your promises,” explains Rashi Narang, Heads Up for Tails. Read extra of her journey, which features a $37 million Series A spherical, right here.
“If you think fundraising is highly energetic and takes a lot and very demanding, then an exit is at least three times,” provides Rohit Anand, Founder of 1DigitalStack. He urges founders do go for an exit solely when they’re completely sure about it. Read extra of his ideas right here.
A4: Customer analytics
“Conversational analytics takes the guesswork out by providing hardcore data to substantiate choices,” explains Naren Vijay, Executive Vice President of Lumenore.
From text-based e-mail and social media, algorithmic intelligence can evolve to context-aware voice interface know-how. Read extra right here about using conversational platforms to construct person interfaces, chatbots, and digital assistants. They might be built-in into messaging platforms, social media, SMS, web site chat.
A5: Music scores
Over the years, the wrestle of buying and licensing music has led to an enormous waste of time and assets throughout the artistic workforce, in keeping with Mansoor Rahimat Khan, Co-founder of Beatoven.ai.
The AI-powered music tech startup helps content material creators by giving them entry to royalty-free, reasonably priced, mood-based, and premium high quality music. The compositions are created through the use of a tech mixture of AI and music idea. Read extra about how the startup creates authentic soundtracks based mostly on the person’s preferences right here.
YourStory has additionally printed the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a artistic and motivational information for innovators (downloadable as apps right here: Apple, Android).