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Legal way to sell Bitcoins in India and get cash in bank

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Click to start trading in Bitcoin

After RBI’s (Reserve Bank of India) curbs on cryptocurrency where most of cryptocurrency exchanges in India stopped selling of cryptocurrencies for money, many Indian investors were left wondering what to do to cash out the Bitcoins (BTC) they had. In 2018 RBI declared cryptocurrencies as not a legal tender and barred banks to deal in it.

Today there is no direct way to sell your bitcoins and get the money in your bank account in India. Hence people holding Bitcoins who want to sell and get money in their bank are stuck. One way is to transfer your BitCoins to some international exchange wallet and sell there and get money in either some US or UK account or PayPal account (if you qualify to add PayPal). In most cases this is not an easy task for people with Indian ID proofs.

However, there is a way which lets you to sell your BitCoins and get the  cash in your bank account. It is called P2P trading. In P2P trading offered by exchanges like Localbitcoins or WazirX, buyer and seller are matched and cash transaction happens directly between seller and buyer. 

Cash out cryptocurrency in India 
In India you can use exchanges like WazirX that offer P2P trading to sell your Bitcoins or other cryptocurrency and get the cash in your bank or PayTM account.

  1. Create an account on WazirX
  2. Add your bank account, UPI and PayTM details
  3. If you are holding cryptocurrency on any other exchange or wallet, transfer it to WazirX using your WazirX address. Make sure to use correct wallet address.
  4. Once you see your Bitcoins in WazirX wallet, you are ready to trade 
  5. In order to sell Bitcoins you need to first convert it into USDT (another cryptocurrency like BTC) in WaZirX. Hence first trade in BTC to USDT
  6. Once you have got all BTC or any other cryptocurrency converted in USDT, you can go for P2P trade
  7. Go to P2P interface and create a sell order for USDT
  8. You can also check market to see buying offers so that you can create your sell order accordingly
  9. Once your order is placed, it will be matched with buyer(s)
  10. Mostly it takes less than 30 mins
  11. Once the order is matched, buyer will transfer money in your bank account and BTC are locked in escrow until you confirm the payment in WazirX
  12. Sometimes your trade if larger in size may be completed in 2-3 orders. Once you start getting payment(s), you need to confirm the payment so that WazirX can release BTC to buyer

So before 2018 where money was transacting through cryptoexchange to bank and vice versa, it is now a bank transaction between two people (buyer and seller) in which cryptoexchange is not involved. P2P exchange just connects buyers and sellers and keeps the digital coins in escrow till seller confirms that he has received the money and it is now OK to transfer the digital coins to buyer.

Click to open a new WazirX account to trade in Bitcoins

logo vneda

Vneda : One-stop Solution for All Organizational Learning Needs

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The market is evolving at a fast pace, and along with that, the need for skilled and well-educated employees is also increasing as everyone realizes the value of knowledge. Organizations are losing millions because they are unable to take care of their knowledge. According to a study published by the International Data Corporation (IDC), It’s estimated that poor knowledge-sharing practices cost the Fortune 500 companies a $31.5 billion annually. And therefore, organizations are looking for better options to enhance employees’ skills and knowledge, which eventually, helps them to increase their productivity. This Edu-tech startup named Vneda is one of resource providing company, which is on the mission to solve these problems by their services.

What is Vneda

Vneda is an Edu-tech startup that started on 8th March 2018. It provides a unified learning solution for skill development, knowledge management and knowledge sharing among organizations and their employees. It provides a hybrid approach for the corporate, NGOs and government organizations for the better utilization and administration of knowledge resources. Vneda allows users to manage their knowledge and enhance it through knowledge sharing with the use of smart tools.

Users can create and consume digital content such as podcasts, videos, articles, e-books, courses on the platform. They use Proprietary Algorithms for the curation and indexing of the content. Vneda helps users to manage and store their important data on a cloud-based server, and apart from this, it also provides doorstep delivery of physical books from approx 1.5 lac+ book library.

founders Vneda

Vneda works on employee recognition as well by rewarding the users for consuming and sharing knowledge, to cultivate a habit of knowledge-sharing in them.

Co-founders

Vneda is an idea of two colleagues, Aman Sharma, and Ritesh Kumar. Aman Sharma is a Computer Science graduate who had an interest in developing something new and innovative. He developed many B2B and B2C products in the last seven years. Ritesh Kumar is an IT graduate and is a technology expert (Full Stack Developer), who likes to work on both the front end as well as the back-end of the product’s website and application.

Founding Vneda

When Aman Sharma ventured into the corporate learning market, he researched and found this market, especially in India, was relatively new and yet to be explored. There was not much focus on knowledge management and knowledge sharing. And because of this lack of focus, they were losing big monies and resources. On the contrary, this market got its due importance and was flourishing in the developed nations. From this fact, he drew his assumption that the knowledge sharing and knowledge management market would find its due recognition in India as well.

What is unique about Vneda

There is no single platform that caters to all the learning needs of an organization. They have to manage and opt for different platforms for digital learning and development, knowledge sharing, knowledge management, corporate library, knowledge repositories, etc. Having multiple platforms leads to increased costs for the organization, it becomes problematic for employees to manage and use so many platforms. On the contrary, Venda is a single corporate learning solution that caters to a wide range of learning needs such as corporate learning and development, knowledge sharing, knowledge management and much more.

It also helps in uniting external knowledge to internal knowledge. Vneda is providing a platform where publishers can publish their content that can be consumed by the users.

Accomplishments

It’s never been an easy task for entrepreneurs from convincing investors to invest in their ideas to users for adopting their services. Vneda was started with the seed investment of its co-founders, and since then, they are bootstrapping. Yet the hard work pays, as the company is catering to 25,000+ users across 13 corporate, like Axis Bank, Honda 2 Wheelers, Volkswagen, Orient Electric are to name a few.

How it works

Vneda works on two pricing models; one is free where a user does not pay a single penny for using the knowledge sharing and management platform. And then the other where the organization is charged a subscription fee. Under this, the organization gets a subscription to the created and curated content, which includes third party premium content and physical book delivery.

The vision

Vneda was created with a vision to construct an ecosystem of shared knowledge. The team is working to achieve a larger goal to create the knowledge management & sharing culture in all communities. But at present, they are focusing on their ideal target audience and eyeing to close 100 corporate by the end of this year and become profitable. Vneda is now a team of 10 hard working fellows putting efforts to create a strong tech product that can be integrated with any other existing system to make the knowledge access experience easy and interesting.

FetchMe Wishes

FetchMe Wishes : The Story of Two Delhi University Students, Who Developed Capital’s First Day Delivery Service

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FetchMe Wishes is a Delhi based startup which provides on-demand delivery services. It is a platform which allows customers to order anything from anywhere across Delhi NCR. From stationaries to food items, and sanitary to cosmetics; it can deliver it all right at your doorstep within minutes. Apart from this, the startup caters to big business houses and food outlets as well as provides them with many perks like the freedom to expand their reach, save money and maintain a smaller fleet size by outsourcing their deliveries.

The Co-founders

Pranav Gupta and Vaibhav Dara are the co-founders of FetchMe Wishes Pvt. Ltd. Being a commerce student in class 12th, Pranav Gupta still chose Statistics Honours over other mainstream subjects, owing to his love for numbers.

However, the reality of this course was far different from what he had expected. As a result, he lost interest in the subject and fell behind everyone in the batch. Feeling pressurized by this sudden turn and change in the events, he started exploring different ideas, and one day, decided that he wanted to do something of his own.

Founding FetchMe Wishes

FetchMe Wishes Founder

Soon, the time came for Pranav’s sister’s marriage, and he also had his semester exams. Being an only sibling, he was given a lot of responsibilities. On the other hand, he was merely passing in his previous semesters. It was then that he got the idea of FetchMe, a startup that would make people’s lives easier and help them in completing their errands and deliveries.

Pranav looked upon it as an opportunity and brainstormed the idea with his best friend Vaibhav. Vaibhav Dara is currently pursuing mechanical engineering from Delhi Technological University and has the same core beliefs as Pranav when it comes to doing business. It was in June 2018 when both of them shook hands and made FetchMe happen.

Within ten months of FetchMe’s inception, it has already made over one lac+ social media impressions and has a customer retention rate of more than 80%. Major areas that FetchMe is covering in Delhi NCR as of now are East and North Delhi with some parts of Indirapuram and Noida as well. FetchMe has been able to create a fleet size of over 25 people with ten fixed employees and fifteen freelancers.

The Accomplishments

On average, they have more than a hundred orders per day and revenue of over 1.7 lacks per month. FetchMe follows different pricing policies as per the need of its clients. Normally, the charges are INR 40 for the first 3 kilometres and INR 9 per kilometre thereafter, along with some nominal waiting charges, if applicable. They also have special prices for businesses collaborating with them, and those charges vary from INR 25-80 depending upon the number and distance of each delivery. They have already collaborated with over ten such businesses, and their B2B collaborations are growing at a whopping rate of 25% each month.

Recently, FetchMe was able to secure a private investment of 12.5 lakh for 5% of its equity valuing the company’s net worth at INR 2.5 crores.

How it Works

The working is very easy. You can either call, Whatsapp or place an order by visiting their website and click on the order now button. After that, you will be showcased 4 options to select and when you select an option, you will be redirected to a window, where you can give your exact order details and provide them with the correct pickup and drop address. After providing the details you will be given an option to calculate the fare, and once you are good to go with the price, you can then proceed with the payment and review different payment options. For payment, they have various options for online payment like a Credit card, Debit card, PayTm, and other mobile wallets. Along with that, they also provide Cash on Delivery option to their customers.

Aurum Wellness : An App Helping People Prioritize their Mental Health

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It all started with a thought, “is mental health not as important as our physical health? Then why do we not prioritize it when we should be able to talk about it and get help? Is it fair that treatment should be sought only when extremities like clinical depression or suicidal tendencies set in? If we can provide help in the earlier stages, so much good can be done in the world”

Fresh from graduating from college, Dhwanil Shah and his co-founder Meet Patel knew that they wanted to work in the area of mental and emotional health. Dhwanil’s father has been taking stress management seminars since he was a kid, and it had always inspired him. After noticing the end number of interactions in the seminars, it dawned on him that people in all areas of life have immense stress, anxiety, or some issues that they want to tackle, but they don’t, due to constraints of time, accessibility, pricing etc., and it takes a toll on their mental health to a great degree.

The two of them, along with working in a corporate, started meeting a number of well-known psychologists and counsellors and realized that although there is a small shift happening within the community, there is still a long way to go in making people open up. He says, “There is always room to do more and more in this space. Affordability also is a major issue in seeking help. Most people do not believe that it is worth spending Rs 500-1200 for a 45-minute session, because somehow to them, their anxiety, their stress can take a backseat. We want to change this. What scares us is if we do not communicate about our emotions and mental health, we will ultimately suffer from the physical health front to a big extent. Is that ideal?”

“We conducted a lot of surveys and talked to a lot of people to figure out the pain points and decided to come up with a solution that would address them. The main concerns were accessibility, affordability and continuity. People were just not able to allocate time and money for regular sessions. They usually stop after a couple of sessions and try to resolve their issues on their own, possibly falling in the same trap again. That is how Aurum was born. We wanted Aurum to be an app which provides affordable and expert services for mental, emotional and diet wellness, a new age holistic wellness platform. We wanted to bring more to the table than just anonymous counselling. There is a section for people who still do not want to communicate with counsellors called “program” which using a very tuned algorithm, let them recognize their own problem areas, set their own improvement targets and provides simple, yet effective soothing exercises. One more very important factor in this whole holistic wellness area is that many people have issues like body image problems, Non-communicable chronic issues like diabetes, cholesterol etc which are directly related to their diet. So these diet-related issues eventually take a huge toll on the persons mental health as they are constantly in anxiety about their diet-related problems. So we also have on the platform professional diet counsellors who understand the importance of diet with respect to overall well being and they are trained to provide such quality counselling. We have on board some of the best psychologists and dieticians who are keen to be a part of a team which is so dynamic and ready to do what it takes to help in alleviating these mental and emotional health problems of the masses.”

The statistics for people suffering from holistic wellness issues like stress, anxiety, depression and diet-related issues like Obesity Diabetes, Chronic Depression, Hypertension is alarming.

Some stats which will help put things in perspective:

  • 15% of the Indian population suffers from a mental issue,
  • There are only 2000 estimated psychologists in India,
  • 45% of the working population suffers from high levels of stress.

There just aren’t enough qualified professionals in the traditional network to support these populations. Technology is the way forward, and as such we have done our best to come up with a solution, which can be both effective and appealing at the same time. They have got a very positive response, since the time it has launched. More than 2000 downloads on the play store and almost 100 paying subscribers have validated the fact that there are a lot of people who want to do this, and who find it useful. “We want to keep doing this to help those who want it but are not too willing because of the above-mentioned concerns. We aim to become a top brand in this space that people can trust and come back to whenever they feel like it”.

Growth of e-Learning Industry & Why Moodle is still the best LMS?

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E-learning is an electronic learning which involves delivering either part or a complete course using a computer in schools, universities  or delivering important technical and business training in companies. Earlier, e-learning growth was hindered by the thought that it would essentially inhibit the human element that some learners need, however with time there has been a variety of technological developments leading to many people embracing the use of smartphones, tablets and computers in classrooms and offices. The growth of interactive designs have made e-learning engaging and a good medium for course delivery. Moreover, most learning and business organizations have enhanced their e-learning through the partnership with course or training providers together with building their own technical team to ensure a smooth learning experience for their learners.

E-learning is widely used in many companies for employees’ effective and efficient training. Over the years, the use of e-learning in companies has increasingly grown. Companies have practically discovered that every money spent on online employee training increases the employee productivity and efficiency. In last decade E-learning has seen tremendous growth worldwide. According to a new survey, by 2020 the global market of corporate e-learning will be worth more than 31 billion US dollars. Recently, many traditional schools around the world have adopted eLearning.

The growth of e-learning has been effectively necessitated by its benefits to both the individual users and the organizations- Cost effectiveness,  24/7 learning that can be done anywhere without necessarily attending specific classrooms, tracking of course progress for learners and its discreet nature which allows each individual learner to learn at their own preferred pace.

The Moodle LMS and reasons why it is still relevant
Moodle Learning Managemnet System(LMS) can be defined as not only the world’s most popular but also the  most used LMS which was developed back in 2002 by Martin Dougiamas. The reason for its global popularity is the user-friendly nature of its e-learning platform. Moodle LMS is open source & free to download with full liberty to customize and develop further. Since its inception, Moodle LMS has strongly remained the educator’s relevant platform for providing online learning in more personal environment that easily boosts interaction and collaboration-

  • Moodle is free open source technology that enables its users to personally choose their own perfect LMS schedule so as to achieve their organizational goals
  • Its certification and gamification features and tools help many organizations to meet the increasingly common requirement of offering the course certification
  • The ability to centralize multiple course providers and systems, has always been the reason why Moodle has been persistently relevant and the best option to many organizations
  • Support for SCORM and third party plugins makes it obvious choice for educators and admins

Moodle features, customization and development options.
With the aim of organizations to working in specific and efficient ways, Moodle LMS has various customization and configuration features to cater to organizational needs and demands. It offers lot of freedom in custom development and design customization. As a Moodle admin you can build an amazing learning environment by adding a variety of your personal favorite plugins which can be either individually developed or from the community. You can also opt for Moodle development services offered by different Moodle experts.

Today’s Moodle is none less than any paid or custom LMSs being offered by different EdTech firms. Moodle have features that efficiently and effectively serve both the students and the administration. The open source learning management system offers excellent web support tools to ensure effective collaborative learning. Moodle has the ability to integrate with a good number of enterprise system to facilitate continuous integration flows.

 

Amazon’s CEO Jeff Bezos- How A Bookish Kid Became World’s Richest Person

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Jeff Bezos is an entrepreneur, computer scientist, an e-commerce pioneer and has a passion for space exploration. He is the founder of Blue Origin, Amazon and is an investor in many other businesses. Jeff Bezos was born to a teenage mother, Jackie and Ted Jorgenson, a circus performer his biological father on January 12th 1964. He however grew up knowing that his father was Mike Bezos, a Cuban immigrant who married his mother when Jeff was still young. He only found out about his real father when he was 10. He cared less and his father has never really looked for him.

Jeff’s mechanical talent was seen from early in his life. When he was a toddle, he dismantled his crib with a screw driver so he could sleep in a regular bed. In his teen years, Jeff made an electric alarm with the aim of keeping his siblings from his room. His parents even had to let him use the garage for his science projects. Growing up, Jeff spent his summer vacations at his grandfather’s ranch. The maternal grandfather has been a role model to Jeff and taught his the farm work and piqued his interest in science even more.

Jeff Bezos schooled at the River Oaks Elementary School, Miami Palmetto Senior High School and finally at the Princeton University. He excelled throughout his school life and crowned it with two degrees in Computer Science and Electrical Engineering from Princeton.

After school, Bezos joined the startup company named Fitel where he applied his skills in computer science. He later quit Fitel and later joined the D.E Shaw where he rose to the position of Vice President in four years. At this hedge fund he met the love of his life, MacKenzie Tuttle who was a research associate there. She is currently the wife to Jeff and a novelist. It was also while working as VP at the D.E Shaw that the idea of starting Amazon came to him. While he was looking for new ventures for the company he worked for then, he saw a statistic that made him interested in internet. It was shown that the World Wide Web was growing by 2300% a month. He immediately saw the potential prospects of selling online and quit his job.

Jeff Bezos began his first business while in school. It was an educational summer camp called the Dream Institute. He charged $600 per person and was able to enroll 6 people. Not bad for a school going child!

Amazon did not begin as what it is now. When it was born in 1994, Jeff wanted it to be an online book store. He thought of the details of the business and called up friend and family who would invest in the business while his wife was driving them to Seattle. He raised $1 million in capital and set up the business in his new home’s garage. The company was initially called Cadabra then it changed to MakeItSo.com, aard.com, awake.com, Bookmall.com, Relentless.com and Browse.com before finally settling for Amazon.com named after the largest river in the world.

Amazon was set up in July 1995 and within a month there were sales in all the 50 states and in 45 foreign countries. Within three years, the company grew to 3,000 employees making over $610 million in sales. However, the company was not making money yet. In 1997, they actually has a $30 million loss and $1,23 million loss in 1998. According to Jeff the company’s aim was to be customer centric company, not making profit. This strategy helped the company survive the dot com burst that killed many startups. In 1998 Jeff Bezos invested $250,000 in Google.

2001 was the first time the company recorded a profit of $5million on $1 billion revenues. Since then Amazon has grown more and more selling everything and with current revenues of $107 billion as of 2016. Jeff owns 18% of Amazon.  Amazon today owns Amazon cloud and web services. Amazon launched its cloud services years before Google Cloud or Microsoft Azure. Jeff Bezos also founded aerospace company called the Blue Origin in 2014. This has been quite a success with many achievements including the launch of a reusable rocket recently. The company is working towards making space travel possible for the general public.

In 2013, Jeff Bezos bought the Washington Post for $250 million. This has since grown surpassing the New York Times as the leader in daily unique visits. Jeff Bezos is currently the third richest man in the world with a value of $65.3 billion with only Bill Gates and Amanda Ortega worth more than him.