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Rapido : India’s Biggest Bike Taxi Pooling Service

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Though taxis were always there, the ride-hailing services have got even more popular after the companies like Uber and Lyft has come onboard. These apps provide the most convenient method to hire cabs and travel independently. But for a daily basis, these are not the affordable choice for people. In countries like India, there is also a problem of traffic in big cities, which also affect the efficiency of a rental car. But with the motorbikes, there is still hope for affordability as well as escaping the traffic. This very fact has inspired many people to build a bike ride-hailing service, and companies like Uber and Ola are not any exception. Even though these big companies could manage to host the very service, it is Rapido that has successfully established its motorbike ride-hailing service in India.

Rapido was founded by three engineer friends, Aravind Sanka, Pavan Guntupalli, and S.R. Rishikesh, in 2015, in Bengaluru India. Sanka and Guntupalli are childhood friends, and Rishikesh was the flatmates with Guntupalli. Three of them were working as engineers in Bengaluru, earning good bucks, but none of them could not escape from the startup fever.

After the app-based ride-hailing services came to India, all three loved the concept and used those apps to commute to their offices and back. But it was not an affordable option. One fine day, all three decided to overcome this problem and look for some better and affordable option for daily travelling.

Rapido founders
Image Source: Forbes

Motorcycles are quite popular in India and are also the most affordable mean of travelling. All the three decided to quit their job and start working on a business model that will help people hire bikes to commute from one place to the other at cheap prices. At the beginning of their business, they named the company ‘theKarrier’. They started theKarrier in November 2014 and rebranded it as Rapido in 2015.

The basic idea behind the startup was to hire people who owned two-wheelers. The idea was different from Uber and Ola, as these company invested heavily on the vehicles. But in the case of Rapido, the bike owners just needed to register on the Rapido-captain app and verify their details with the company. And, they were good to go. Another thing that helped Rapido to rise above its rivals was that it did not bother that the driver wanted to be full or part-timer.

The driver in terms of Rapido is called the Captain, and the company provides its every captain with insurance. For the safety of the rider, it has included a few features on the app. The user gets the assistance just in a single tap on the app. Rapido has also set up a customer care service for the users and also offers perks on the rides.

Almost over 5000 drivers use the app every day, and an average of 15,000 drivers log in to the app every month. These drivers also complete over 30,000 rides per month on an average, and the company aims to make it one million rides per day by the end of 2019. The women drivers have also registered to the app and are successfully earning good money over it. According to the stats, the app usually registers drivers of the age between 18 to 50 years.

In April 2017, Rapido raised an undisclosed amount in its pre-Series A funding, backed by Hero MotoCorp Ltd chairman Pawan Munjal and Google India managing director Rajan Anandan. By 2018, the company has raised $6 million in two rounds and was earning a $1.5 million revenue every month. It hosted the latest round of funding in August 2019 and raised over $58 million in funding led by Westbridge Capital. Rapido wants to spend this money on technical innovation and intends to reach 100 major cities in India soon.

Rapido began its service from Bengaluru and is now expanded to 40 cities across the country, including Hyderabad, Mysore, Vishakhapatnam, Vijayawada, Tiruchirappalli, Madurai, Coimbatore, Indore, Guwahati, Surat, Patna, and the NCR region.

The Rapido founders got their names listed in Forbe ‘30 Under 30 Asia – Consumer Technology 2019’.

Reno 2

Oppo Launches the Reno 2 Series Smartphones in India

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Oppo has launched another range of smartphones, and that the company has brought to India first. The new series is called the Reno 2 series, under which the company has launched three flagship smartphones, Reno 2, Reno 2Z, and Reno 2F. Though the Reno 2 series is the sequel of the previously launched high-end smartphone Oppo Reno series, it is not that of a high-end series. But still, the series includes one of the decent smartphones that lie under the affordable mid-range smartphone criteria.

Reno 2

The Reno 2 smartphone is a 6.5 inches smartphone and is powered by the Snapdragon 730 processor. It has got an 8GB RAM as well as offers secondary storage of 256GB, which is further extendable through an SD card. The smartphone is being compared to Samsung’s Galaxy S10 due to the usage of the 20:9 1080p Dynamic AMOLED panel in it.

The quad-camera on the rear of the smartphone includes a 48-megapixel Sony IMX 586 primary sensor with an 8-megapixel wide-angle camera, a 13-megapixel telephoto camera along with a 2-megapixel monochrome sensor. The cameras are accompanied by an LED flashlight, and all the cameras and the flash have been coupled in a vertical line at the back of the smartphone.

Reno 2
Image Source: gadgets.ndtv.com

There is also a 16-megapixel selfie pop-up camera that comes out through motorised camera mechanism from the top of it. The very smartphone will be available for Rs 36,990 in the Indian market starting from 20 September. The prebooking fro the smartphone will start from 10 September.

Reno 2Z & Reno 2F

On the other hand, the Reno 2Z and Reno 2F have got a bit smaller screen size, i.e. 6.3 inches 19.5:9 1080p OLED screens. The Reno 2Z is empowered with the MediaTek Helio P90 processor, whereas the Reno 2F is running on an Helio P70 processor. Both the smartphones, like Reno 2, have got an 8GB RAM. Reno 2Z includes a 256GB internal storage, and the 2F has got a 128GB internal storage.

The camera setup for the two is similar to that of the Reno 2, i.e. is a quad-camera setup in a vertical line on the back of the smartphones. Both have got an 8-megapixel wide-angle camera with a 48-megapixel main camera, a 2-megapixel sensor with a mono lens and 2-megapixel portrait sensor. But for both, the company has used different sensors for the main camera. For Reno 2Z, the company has used the Sony IMX586 sensor, and for Reno 2F, Samsung’s cheaper GM1 module has been used. The company has used an electronically stabilized camera setup for both instead of optical image stabilization.

The price of the Reno 2Z is set to be 29,990 and is already available for pre-bookings. The smartphone will be available in the market starting from 6 September. On the other hand, the price of Reno 2F is yet to be revealed, and as indicated by Oppo, it will be available for purchases in the coming November.

All the three shares a few similar features, like all the three runs the Oppo’s ColorOS 6.1, they have got the support for USB-C, VOOC 3.0 flash charging, a 4,000mAh battery and has also got the support for an optical in-display fingerprint sensor.

The company has shuffled the smartphones in four different colours, that includes Ocean Blue (Reno2), Luminous Black (Reno2 & Reno2Z), Sky White/Polar Light (Reno2Z), and Sky White/Lake Green (Reno2F).

keka

Vijay Yalamanchili : The Founder of the Best Payroll and HR Software in India, ‘Keka’

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We are often ambushed by many software companies in the market while searching for the best. Be it a tool for project management, your digital assistance, or an HR software, we often find ourselves in a huge dilemma. So, to reduce one of your conundrums, YourTechStory brings to you the flabbergasting story of Keka, the best HR software in India till date.

Vijay Yalamanchili, the founder of Keka, solely founded the company out of sheer disappointment and frustration from working with HR software not up to the mark. He found that the HR software available in the market have a very poor user interface, which leads to a substandard experience for both the HR and the employees. So, to contribute to the HR community of India, Yalamanchili built the software, Keka HR in 2015. Apart from HR software, Keka also has payroll software, applicant tracking software and much more.

Early Life and Career of Yalamanchili

Yalamanchili is mainly a product designer and architect by profession. He pursued his B.Tech in Electronics and Communication Engineering from JNTUH College of Engineering, followed by an MS from the University of Delaware.

Vijay Yalamanchili keka
Image Source: iamwire.com

After completing his MS, Yalamanchili started working with Microsoft in 2003 as a Software Development Engineer. He worked there only for three months.

In August 2006, he co-founded Fotolink Media, a visual image search platform used for product marketing by brands using mobile devices like mediums. It was one of the first mobile start-ups in India. He left the company after 4.5 years and founded Ramp India in 2006. The company was developed to provide solutions and build products for start-ups in India. After working in Ramp with a strong architectural team and delivering over 30+ products, Yalamanchili founded Technovert in July 2012. The zeal for excelling in the world of technology made Yalamanchili establish software solution companies one after the other. He co-founded Technovert with Sashi Pagadala. The company provides services in India, USA and Dallas.

By this time, Yalamanchili suffered enough with the HR software and founded Keka HR in 2015. It’s a Hyderabad based start-up which put a significant impact on the market when it got released, as it provided a better user experience to people.

Strategies to Outdo the Competitors

By the time Yalamanchili founded Keka, he was experienced enough to understand the major flaws in the other HR software. So, his main focus was on improving quality.

Yalamanchili’s first target was to make the user experience better because if the user experience degrades, after a point of time, it would ultimately ruin the brand name, which had already happened to all the other HR software out there.

Another major fault that Yalamanchili noticed in other HR software was the tracking of attendance. No existing software before Keka directly synced biometric devices to attendance log. Hence, it was very tiresome for the HRs to update it manually in the web browser. Keka got a very big bonus point by adding this feature. Though it took almost 1.5 years to build a software like this, it paid off well.

Keka also implemented well-designed security and privacy features that allowed the customer to get notified even if a Keka Customer representative is accessing their account. So, Keka itself also cannot sign in to customer’s account without their consent.

Instead of running behind more customers, Keka invested more time with its existing customers to improve their products until and unless it gave a smooth performance. It is very important to make the customers feel worthy and important because if they feel so, the scale will rise up automatically.

Success of Keka

It is nearly unbelievable that a company which acquired around 450 clients in less than a year is self-funded, given that Keka includes reputed clients like Godrej, Honda, Saavn and ClearTax. Keka is the recipient of the Hottest Start-up of Hyderabad Award and is in Top 3 in terms of bagging new customers with a comparatively smaller team with respect to its competitors.

Keka wanted to go old school, and hence, it tried becoming self-independent which turned out to be surprisingly successful. The company wanted to develop software with a touch of Indian style, and hence, they named it ‘Keka’ which means awesome in a native South Indian dialect. And, guess what? It just proved to be worthy of the name since the very first day.

OnePlus TV

The 55-inch QLED OnePlus TV Coming to India in September

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OnePlus has proven its worth with its outstanding range of smartphones, specifically known for its cameras. Now the company is up to releasing the series of its LED TVs, that according to the company will be having a QLED panel. For the past couple of days, the company has been giving information about its new TV in bits, and now it has finally revealed the name of the TV, i.e. OnePlus TV.

The OnePlus CEO Pete Lau, revealed the name of the TV last week. The company had hosted a contest for the name of its new smart TV last year. But it seems that the company went simply with its trade name. There were also a few revelations about the features as well as the release date of the OnePlus TV.

Along with a blog post, the company took it to Twitter to announce the release month for the TV, i.e. September. The company also tweeted about the size of the TV and a few other features as well. Previously, the leaks suggested that the TV will be available in four different sizes, i.e. 43-inches, 55-inches, 65-inches, and 75-inches. And according to one of the tweets from OnePlus, the TV that the company will be releasing in India will be a 55 inches, that too with a QLED screen. The U.S. and China will be receiving the biggest edition of the TV, i.e. the 75 inches panel TV.

OnePlus TV
Image Source: gadgetsnow.com

QLED display seems to be like the OLED display but is quite different from the latter. Q-LED stands for quantum-dot light-emitting diode. Basically, in OLED, every pixel emits their own light, whereas, QLED still works on the backlighting. QLED TVs have been the most significant part of the Samsung TV series, and now, we will see how the OnePlus TVs perform in the market for the company. The rumours also suggest that the TV may have 4K as well as 8K resolution with HDR.

For the sale of the TV, the company has partnered with Amazon and has included a ‘Notify Me’ button on Amazon’s OnePlus TV page. So the users need to login and click on the button, to stay updated with the new updates about the TV.

The TV will also render support for Bluetooth 5.0, and the company claims that the users will get the “unique Android TV experience” with the new OnePlus TV. Since there is a mention about Android, the smart TV from OnePlus may run on the Android Pie and include some of the Android apps in it. It is also expected that the TV may support a 3GB RAM.

“I am confident that there are many things that you can expect from OnePlus TV. Image and sound quality are fundamental that we must get right. Alongside these key essentials, I believe the TV’s remarkable design and smart interconnectivity make this product even more exciting,” Lau said.

MobiKwik

Bipin Preet Singh : The Journey from IIT Delhi to Founding MobiKwik

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Here’s a story of another successful IITian whose name got added to the already glorious record of entrepreneurs from IITs. Bipin Preet Singh has become quite a significant figure in the start-up society after he launched MobiKwik in 2009.

MobiKwik is a Gurgaon based Indian start-up which provides a mobile application to carry out online payments. Hence, it contributes largely to the initiative taken to digitalize the payment system in the country. The company also built its Lite app in 2016 so that anyone with poor internet connectivity can also access the application.

Before founding MobiKwik, Singh explored different kinds of job which included Training Facilitator and SoC Architect.

Early Life and Early Career

Bipin Preet Singh MobiKwik
Image Source: inc42.com

Bipin Preet Singh graduated with a B Tech degree in Electrical Engineering in 2002 from IIT Delhi. Soon after graduating from college, he started working for Intel as the Senior Design Engineer. He worked there for three years in the Whitefield Project in Bangalore which has Intel’s first-ever project, including the server microprocessor designing. He worked mainly on circuit designing and formal modelling of microprocessors.

After leaving Intel in 2005, Singh joined Janaagraha in 2006, as a training facilitator. During his time in this company, he worked to build up a social awareness program (India’s first such program), which was mainly targeted to motivate the students and IT professionals to think of democracy beyond voting. This was a bit unusual profession to be picked up by an IITian, but he conducted training series in companies like Dell, NVIDIA, which exposed his skills and helped him fetch better career opportunities.

Bipin Preet Singh joined NVIDIA as a Platform Architect in 2006, while he continued working at Janaagraha. He worked there with a high-level global architecture team and dealt with some of the most complicated projects around the world. He also developed architectural infrastructure for RAID and SATA/AHCI.

In May 2007, Singh joined Freescale Semiconductor as an SoC Architect and worked there for two years. His main work in this company was to generate and analyze performance models, work on memory technologies, propose new features for Motorola Chipsets etc.

By this time, Singh already gained a work experience of 7 years, and the learning phase was about to get over. Moreover, the companies he worked for gave him a pretty dominant position, so he wasn’t looking for a promotion at all. This is when he thought of building something of his own, something more challenging and daring than regular 9 to 5 job.

From Designing Engineer to an Accomplished Businessman

In his entrepreneurial journey, Singh approached and got rejected by many people. But, finally, an old friend of his was very impressed by his idea and agreed to join him in this venture. He kept meeting people and built up his own team from scratch.

Finally, in April 2009, Singh along with his wife, Upasana Taku, founded MobiKwik with a motto to improve the payment system and money transfer scenario. Initially, MobiKwik only had a closed wallet facility, but later the company launched a mobile application for the same. When Singh and his wife founded the company, he invested eight lakhs from his own money and rented an office in Dwarka, Delhi.

Success of MobiKwik

MobiKwik was started as an initiative to eradicate all the payment problems and set up a hassle-free environment for the transaction. They set up a wallet system, where after saving the money, one can use it for different purposes like phone number recharge, payments to online merchants, and different service providers.

In 2012, the company launched the e-wallet system of MobiKwik, and in November 2016, it brought the MobiKwik Lite mobile app to the market. In 2014, the company won the mBillionth Award South Asia in the category of mobile business.

By April 2015, MobiKwik had around 15 million users, and according to Forbes magazine, one million new users were added every month. MobiKwik also started giving loans of a small amount (500-2,500 Indian rupees) in partnership with CashCare. By 2016, the number of users hiked to 55 million from 15 million. In February 2017, MobiKwik announced that the company is going to invest more in expanding the user base to targeted 150 million. By 2017, maximum e-wallet transactions in our country were done through Paytm, ITZCash and Mobikwik.

Today, MobiKwik connects 105 million of its users to over 3 million merchants providing a huge spectrum of services including insurance, investments and loans. MobiKwik’s next target is to reach a billion Indian users and hit $20 billion by 2022.

UPI

Mandar Agashe : The Man Who Brought a Revolution in the Indian Digital Payment System

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Receiving rewards for paying your bills is like the smartest scheme ever to digitalize the payment system of our nation. Most of us make payments through UPI apps like Tez to earn digital scratch cards and cash backs. The growth of UPI has been unbelievable from only 92,000 transactions in August 2016 to 105 million transactions in November 2017. Today, almost everyone with a smartphone uses these UPI apps for the transaction. And, the biggest advantage of UPI is you don’t have to walk to your bank to deposit money into someone’s bank account. From transferring money to bank accounts to paying for movie tickets, UPI has become the most convenient and the most successful initiative in terms of online banking.

But, who is the person behind this massive success that turned the entire scenario of digital payment in no time?

Mandar Agashe, the founder of Sarvatra Technologies, a company that provides financial and payment solutions to the Indian banking sector, came up with the idea of Unified Payments Interface (UPI) and launched it in 2016.

Early Life of Mandar Agashe

Mandar Agashe
Image Source: Facebook

In 24th May 1969, Agashe was born into an influential family of Mumbai to an Indian businessman, cricketer and philanthropist, Dnyaneshwar Agashe, and Rekha Gogte. Agashe had two other siblings, Ashutosh Agashe and Sheetal Agashe.

When Agashe was pursuing his B.E. degree in Computers, he created Musicurry.com, an online radio website. After completing his college, Agashe joined his family business in 1994 and started working in the firms. By 2000, he established EBZ Online in association with Oracle, followed by establishing Brihans Natural Products Ltd., and finally, Sarvatra Technologies in 2000.

Sarvatra Technologies

Agashe established his startup in Pune. The startup was basically to provide payment solutions and promote online banking through UPI and IMPS (Immediate Payment Service). The main goal of the company was to get the rural and semi-urban population connected to banking as well as the system of digital payment and get every citizen of India accustomed to EFT (Electronic funds transfer).

Since Mandar Agashe belonged to a family full of successful business tycoons, he had a clear idea of how the corporate sectors function. He wanted to come up with a solution that can be affordable to every single person out there and can easily carry out online transactions with minimal knowledge.

Oracle was the first company to invest in the strategies of Agashe, and eventually, investors like Vallabh Bhanshali and ICICI Bank participated in the following funding rounds. By 2018, the company brought 450 co-operative banks on National Financial Switch.

Agashe realized that both, the banks and the customers, faced a lot of issues during online transactions because of the poor connectivity. So, he provided the banks with SaaS-based technologies to enhance better performance, and also, reducing the operating cost at the same time.

The success of UPI and other payment solutions

After UPI was launched in 11th April 2016, the transaction volume increased unexpectedly. Transactions through the leading UPI apps like Google Tez, PhonePe and BHIM increased exponentially. By 5th December 2017, two months since the launch of Tez, the transaction volume hit 140 million, and the amount processed through PhonePe summed up to 100 crores per day.

Another advantage of Tez which accounts for 70% of the total UPI transaction is that the money one pays through it directly gets credited in one’s bank account instead of getting dropped into the wallets. By 2017, the apps that use UPI reached 20 million downloads from Play Store.

In the financial year 2017-2018, Mandar Agashe announced that they had a gross transaction value of 27,000, and by the next financial year, they will be going to make it 40,000 crores.

Agashe’s Musical Career

Apart from being an entrepreneur, a philanthropist and a successful businessman, Agashe is also a renowned singer. Releasing Musicurry.com was his first step towards the musical world, which led to launching his very own music album. His first role in the world of music was as a co-director with Pandit Hridayanath. He sang his first playback song with Asha Bhosle, and in 1998, his album ‘Nazar Nazar’ was recorded and released in Hindi and English. In 2005, another album, Jaan Le was released followed by 82 in 2016.